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Cryptopotato
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GameStop Joins Strategy and Buys Over $500 Million Worth of Bitcoin
- GameStop has announced its first bitcoin purchase, buying 4,710 BTC worth over $500 million.
- The company has joined a growing number of entities that store bitcoin as part of their strategic reserves.
- GameStop's official statement lacks details on when the purchase was completed and at what average price.
- This move aligns GameStop with other companies like Strategy that consistently disclose their bitcoin purchases and holdings.
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Coindoo
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GameStop Buys 4,710 Bitcoin in Major Strategic Shift
- GameStop has acquired 4,710 BTC in a strategic pivot into digital assets.
- The purchase represents an investment exceeding $500 million based on current market value.
- This move aligns GameStop with the trend of using Bitcoin as a corporate treasury reserve.
- The acquisition adds legitimacy to Bitcoin in the global financial system and signifies a shift in GameStop's business strategy.
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Coinjournal
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Over 30% of new crypto users start with meme coins, says Gemini’s 2025 report
- Meme coins now serve as the entry point for over 30% of new cryptocurrency users, according to Gemini's 2025 report.
- 94% of meme coin holders eventually invest in major cryptocurrencies like Bitcoin and Ethereum.
- In the US, 31% of individuals owning meme coins and traditional cryptocurrencies bought meme tokens first.
- The combined market capitalization of meme coins has reached $74.4 billion, indicating their growing significance in the crypto market.
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Cryptopotato
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US SEC Commences First Formal Review of Spot XRP ETF
- The U.S. SEC has begun the first formal review of an application for a spot XRP ETF in the country.
- The application is from WisdomTree to list and trade shares of the WisdomTree XRP ETF on the Cboe BZX Exchange.
- SEC is assessing if the proposal meets investor protection and public interest criteria before potential approval.
- Approval of a spot XRP ETF could lead to the introduction of similar products and be beneficial for the XRP community.
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Coinjournal
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Coinbase helps bust $20 million spoofing scheme amid legal scrutiny
- Coinbase assisted in dismantling a $20 million crypto spoofing scheme by providing critical evidence to law enforcement.
- The scheme involved phishing and fake websites impersonating Coinbase, resulting in over $20 million being stolen from unsuspecting users.
- Coinbase's cooperation led to the arrest of the scheme's ringleader, Chirag Tomar, while facing a separate class-action lawsuit and regulatory scrutiny over a recent data breach.
- The breach triggered a $20 million ransom demand, a class-action lawsuit, and a $4.5 million fine from the FCA, highlighting concerns about Coinbase's internal controls and data protection measures.
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Coinjournal
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Monero price forecast: XMR correction or free fall after resent peak?
- Monero (XMR) has experienced a significant drop from its recent peak amid strong sell-side pressure, with on-chain and technical indicators signaling bearish momentum.
- The recent correction in Monero's price, with a decline of nearly $100 in three days, has sparked debate among market participants on whether it indicates a brief retracement or a deeper bearish trend.
- XMR has lost over 12% of its value today, extending a two-day decline that erased 11% from its peak, while on-chain data and technical indicators point towards increasing selling pressure.
- Despite potential bearish signals, a surge in open interest in XMR derivatives with positive funding rates suggests some traders are positioning for a rebound, creating a crucial juncture balancing technical weakness and bullish futures sentiment for Monero.
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Cryptopotato
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‘PI Waterfall Will Be Released:’ What’s Next for Pi Network’s Price?
- PI token price facing increased selling pressure in the short term, currently trading at around $0.74.
- Over 276 million PI tokens set to be unlocked in the next month, potentially leading to a pullback in prices.
- Analysts optimistic about Pi2 Day on June 28, foreseeing potential bullish catalysts with price targets ranging from $1.2 to $2.
- Market observers believe PI may surge to $1.2-1.5 or even $2 in the short term due to potential utility addition and community support.
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Coindoo
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Millions In Shorts Liquidated As Fartcoin Blasts Higher, Could It Rip To The Moon Or Just Leave A Smell?
- Fartcoin's sudden spike led to the liquidation of millions in short positions, causing losses for investors trying to recover in the market cycle.
- FloppyPepe (FPPE) is attracting former Fartcoin shorts investors as a potential opportunity for significant gains thanks to its unique AI offerings.
- Fartcoin experienced a surge triggering massive liquidations across shorts, pointing towards a potential bullish breakout.
- FloppyPepe's (FPPE) innovative AI tech and rewards system position it as a promising contender in the growing meme coin market, offering transformative gains for investors.
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Coindoo
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Senator Cynthia Lummis Urges U.S. to Treat Bitcoin as Digital Gold, Calls for 5% Reserve Target
- Senator Cynthia Lummis urges the U.S. to treat Bitcoin as digital gold and advocates for holding at least 5% of the global Bitcoin supply, similar to its 5% share of the world's gold reserves.
- Several U.S. states, including Arizona, Texas, and New Hampshire, are leading in Bitcoin policy innovation by passing legislation to establish strategic Bitcoin reserves by 2025, with more than 30 states considering similar proposals.
- International momentum for sovereign Bitcoin holdings is rising, with countries like the United Arab Emirates acquiring Bitcoin through U.S.-based exchange-traded funds and European central banks exploring Bitcoin for diversified asset allocations.
- While praising state-level initiatives, Senator Lummis calls for federal action to include Bitcoin in the nation's strategic reserves to ensure U.S. competitiveness in the evolving global financial landscape, emphasizing the importance of treating Bitcoin like digital gold.
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Financemagnates
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Crypto.com’s Annual Sports Spending at $213M Is 3x That of Coinbase
- Crypto.com has spent $213 million on sports deals in the ongoing season, surpassing Coinbase's $80 million spending.
- Top crypto exchanges collectively spend over $539 million annually on global sports, with $565 million spent by pure-play exchanges in 2024–25 season.
- Football received the largest share of all sports spending at 43%, followed by Formula One at 28%. Crypto.com's high spending was supported by its deal with the Champions League.
- Crypto and retail trading brands could find new opportunities in English football as the UK government bans betting firms from being main shirt sponsors of Premier League teams from next season.
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Coindoo
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Metaplanet Issues $50M in Zero-Interest Bonds to Expand Bitcoin Holdings
- Metaplanet issued $50M in zero-interest bonds to expand its Bitcoin holdings, representing the firm's 16th series of ordinary bonds.
- Each bond carries a face value of $1.25 million, is fully backed by Evo Fund, and will mature on November 27, 2025.
- The capital raised will be used specifically to purchase more Bitcoin, aligning with Metaplanet's aggressive approach to BTC-backed corporate finance.
- The issuance led to a 9.5% increase in Metaplanet shares' price, reflecting positive investor sentiment towards the company's Bitcoin-centric financial strategy.
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Cryptopotato
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Monero (XMR) Dumps by Double Digits, Bitcoin (BTC) Calms at $109K (Market Watch)
- Bitcoin's price calmed at around $109,000 after briefly touching $112,000, faced challenges after US President Trump recommended tariffs against the EU.
- XMR slumped by almost 12%, trading below $350, while QNT gained 11% and sits close to $120. SUI also gained 6% after positive news on the Cetus hack front.
- Most other larger-cap altcoins like SOL, DOGE, ADA, XRP, TRX, HYPE, SHIB are slightly in the red, while ETH and BNB saw insignificant gains.
- The total crypto market cap remains around $3.560 trillion, with Bitcoin's market cap at $2.165 trillion and dominance over alts close to 61%.
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Coinjournal
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Institutional adoption of Bitcoin: what’s next for big money?
- BlackRock's Bitcoin ETF has reached $71 billion, making it the best-performing ETF in history.
- MicroStrategy's Bitcoin holdings have grown to 580,250 coins, showcasing corporate involvement in crypto.
- JPMorgan and Morgan Stanley are now offering Bitcoin ETFs to their clients, reflecting increasing institutional acceptance.
- The institutional adoption of Bitcoin has seen significant growth, with professional investors accumulating $27.4 billion worth of Bitcoin ETFs in the US by Q4 2024.
- Asset managers and hedge funds now hold about 26.3% of all US Bitcoin ETF assets under management.
- Forecasts suggest over $120 billion of institutional capital flowing into Bitcoin by end-2025 and $300 billion by 2026.
- Bitcoin is evolving from a store of value to a programmable asset, with innovations like Ordinals and BRC-20 token standard enabling code execution on Bitcoin.
- The rise of 'Bitcoin-native yield strategies' is providing opportunities for holders to earn yields on their BTC.
- SatLayer is establishing itself as a vital component in the DeFi landscape, using Bitcoin's security model for validation.
- Through developments like SatLayer, Bitcoin is being positioned as a programmable gold standard, enabling tokenization of real-world assets on its ecosystem.
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Zycrypto
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Analysts Forecast $1 for Ruvi AI (RUVI), Could It Be the Smarter Pick for BNB Holders Seeking Higher Returns?
- Ruvi AI, a rising star in the crypto space, is projected to reach a $1 valuation by Q4 2025, offering a 100x potential ROI and attracting traders seeking higher returns than Binance Coin.
- With a low entry price, real-world applications, and VIP bonus structure, Ruvi AI shows strong momentum and demand, starting at $0.015 per token with a long-term target of $1.00 by Q4 2025.
- Ruvi AI's utility-focused design, powered by blockchain and AI, targets critical industries with practical solutions, making it more than just a speculative asset but a high-demand platform across essential sectors.
- Analysts view Ruvi AI as a smarter pick compared to Binance Coin due to its higher ROI potential, real-world relevance in industries like healthcare and fintech, compelling VIP bonus structure, and scalability through integrating blockchain with AI for sustainable growth.
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Coinjournal
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CETUS token spikes 25% amid plans to fully recover hacked funds
- Cetus (CETUS) token spikes 25% as price jumps on positive news.
- Cetus Protocol team announces potential 100% recovery for victims of recent hack.
- Bulls could target recent highs of $0.25 as the price surges.
- Cetus token saw a significant increase in volume and market cap after the announcement.
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