Review of HYPE's Record High and Bitcoin's Turbulent Ride Amid Rising Global Strife: A Weekly Cryptocurrency Summary
The past week's geopolitical events, notably the US-China trade deal, significantly influenced the cryptocurrency market, especially Bitcoin. After the trade agreement announcement, Bitcoin's price began to rise, but it experienced a dip following geopolitical tensions in Israel and Iran. Despite this, Bitcoin's price managed to recover slightly, ending the week at around $105,000.
Meanwhile, HYPE registered an impressive 15.5% weekly surge, reaching a new all-time high above $42. Other gainers included UNI, AAVE, and BCH, while SOL, SUI, TON, SHIB, ADA, DOGE, and TRX suffered losses. In other news, Bitcoin ETFs rebounded with $1.07B in 4 days, Ethereum ETFs outperformed Bitcoin with $240M daily flow, and Mercurity Fintech plans to raise $800M for its Bitcoin treasury reserve.
Walmart and Amazon investigate stablecoins, allowing crypto for retail giants
Walmart and Amazon may provide stablecoins, reports The Wall Street Journal.
Digital tokens connected to the US Dollar might simplify transactions, save payment processing costs, and boost consumer loyalty.
After passing a replacement amendment, the US Senate will vote on the GENIUS Act early next week.
According to The Wall Street Journal, Walmart (WMT) and Amazon (AMZN) are investigating stablecoin offers to modernize payments, save expenses, and boost consumer loyalty.
Walmart and Amazon want stablecoins
Digital tokens connected to the US Dollar (USD) might boost bank cash flows and Mastercard and Visa card transactions.
Amazon and Walmart sell billions of dollars annually. Amazon's net revenue rose to $638 billion in 2024, according to Statista.
Amazon's stablecoin might handle retail purchases, which account for most of its income.
Walmart's fiscal year ending January 2025 net sales were $122 billion, up $7 billion from the year before.
Stablecoins mimic stable currencies like the US Dollar, a basket of assets, or other fiat currencies. This asset class intends to provide a digital alternative to cryptocurrencies, which are volatile and unsuitable for daily transactions.
US legislators support GENIUS Act
As the US Senate advances the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, stablecoin interest is rising significantly.
The MPs invoked cloture on a stablecoin bill replacement amendment 68–30, setting up a final vote early next week.
The bipartisan initiative, backed by Senators initiative Hagerty, Cynthia Lummis, Kirsten Gillibrand, and Tim Scott, is intended to modernize US payment rails and keep the US at the forefront of financial innovation.
After JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo disclosed early-stage negotiations regarding a cooperative stablecoin initiative few weeks ago, Walmart and Amazon expressed interest.
#MarketPullback #Stablecoins #TrumpTariffs $BTC $ETH $USDT
Effective tip to help keep your applications safe and secure - For iPhone users
1️⃣ 𝗣𝗿𝗲𝘀𝘀 𝗮𝗻𝗱 𝗵𝗼𝗹𝗱 𝘁𝗵𝗲 𝗮𝗽𝗽 𝗶𝗰𝗼𝗻 for about 1 second.
2️⃣ Select 𝗥𝗲𝗾𝘂𝗶𝗿𝗲 𝗙𝗮𝗰𝗲 𝗜𝗗 👤 (or similar security option).
Once enabled, anyone trying to access the app—even if they have physical access to your phone—will need to 𝐚𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜𝐚𝐭𝐞 𝐮𝐬𝐢𝐧𝐠 𝐅𝐚𝐜𝐞 𝐈𝐃. If the Face ID does not match, the app will remain 𝐥𝐨𝐜𝐤𝐞𝐝 𝐚𝐧𝐝 𝐢𝐧𝐚𝐜𝐜𝐞𝐬𝐬𝐢𝐛𝐥𝐞. 🚫
We highly recommend enabling this feature for:
🔶 Binance Apps
🌎 Google Chrome/Safari
✉️ Email apps
🏦 Banking apps
📱Social media accounts, messaging apps 💬
📸 Photos, Google Drive, Icloud ☁️
and any other apps containing sensitive information.
This extra layer of security helps protect your personal data and digital assets. 🛡️
Stay SAFU!
XRP Lawsuit: Ripple And SEC Renew Joint Push For A Ruling
The US Securities and Exchange Commission and Ripple Labs Inc. have returned to Judge Analisa Torres with an amplified request that could bring their four-and-a-half-year XRP lawsuit to an abrupt close. In a five-page joint letter filed on 12 June 2025 (Doc. 987), the litigants ask the Southern District of New York for an “indicative ruling” that would dissolve the injunction imposed on Ripple last August and release the lion’s share of the $125 million civil-penalty escrow.
The End Of The XRP Lawsuit?
The motion, brought under Federal Rules of Civil Procedure 62.1 and 60(b)(6), comes after Judge Torres rejected an earlier, near-identical application in May for failing to show the “exceptional circumstances” required to modify a final judgment. The renewed filing seeks to fill that gap. “Exceptional circumstances warrant the requested modification of the Final Judgment,” the parties write, identifying settlement efficiency, conservation of judicial resources and the SEC’s evolving crypto-enforcement priorities as the decisive factors.
Under the proposed arrangement, Ripple would pay $50 million to the SEC “in full satisfaction” of the penalty, while approximately $75 million plus accrued interest would revert to the company. In addition, the permanent injunction—entered on 7 August 2024 and premised on violations of Section 5 of the Securities Act—would be lifted. The parties emphasize that their compromise is a “necessary condition of settlement” and promise, if the indicative ruling issues, to petition the Court of Appeals for a limited remand so the district court can enter the relief and the appeals can be dismissed.
$XRP $XRP $XRP
The new QF brand from @QuantumFusion_ isn’t just a visual upgrade, it’s a manifesto in motion
This project is rooted in the idea that freedom online should be native, not optional
Native blockchain will be the first to use a RISC-V VM, opening the door to smart contracts in any language and offering a powerful SDK that’s already showing real progress
From contract deployment to dynamic storage and developer-friendly logs, they’re shaping a stack designed for real-world use
Still early, but the $QF direction is clear and ambitious
$SOL Based on the 4-hour chart of SOL/USDT analysis:
Current Price: SOL/USDT is trading at $144.87, reflecting a 0.58% decrease (-0.40%) over the last 4 hours on Binance.
Recent Trend: The price has experienced a downward movement recently, dropping from a higher range around $160-$170 earlier in the chart. This suggests a short-term bearish trend.
Support and Resistance: The current price is near a support level around $144-$145. A break below this could lead to further declines toward $140. Resistance is likely around $150-$160, where previous highs were tested.
Volume: The volume SMA (Simple Moving Average) shows fluctuating activity, with a noticeable spike in volume during the recent price drop, indicating increased selling pressure.
Longer-Term Performance: Over the past 30 days, SOL has declined by 19%, and over 180 days by 33.47%, indicating a broader bearish trend.
#Sol #Solana
Just claimed my Against All Odds pack 🔥
A collab between @ChimpersNFT × @finalbosuX, live now on Abstract.
- 28 digital cards
- Physical redemptions
- AR + holo finish on high rarities
- Even a Pudgy Ghost figurine if you're lucky
Here’s what’s inside the packs:
> 24 core cards (Common → Grail)
> 4 Special cards (super limited!)
> Physical versions for Grail, Special, or Legendary cards
Rare cards = merch, mystery prizes, and more 👀
• Free pack if you hold Chimpers, Final Bosu, Pudgys, or Lil Pudgys
• Public sale starts June 17 for $15
• Physical claim deadline: July 31
The art quality is insane and some cards come with real-world rewards you can actually hold. This isn't just another digital drop - it's bridging Web3 and physical collectibles perfectly.
Don't sleep on this! Free claims end in 3 days, then it's $15/pack for everyone else.