Here’s the daily summary for the cryptocurrency market as of Sunday, June 8, 2025, reflecting a mix of positive developments and tense moments.
👥 The conflict between Elon Musk and Donald Trump has triggered an outflow of funds from the TRUMP token, heightening volatility for memecoins amid their public feud.
📈 Bitcoin reserves held by major holders reached 3.57 million BTC, signaling increased accumulation by institutional players.
🇦🇷 Argentina’s anti-corruption agency cleared the president in the LIBRA scandal, easing some pressure on the country’s crypto initiatives.
🙎♂️ Paolo Ardoino stated that Tether has no plans to conduct an IPO, keeping the company’s future tied to private capital.
🤝 XDC partnered with Bitso to facilitate cross-border payments from the U.S. to Mexico, expanding blockchain solution capabilities.
💸 The Alex Protocol platform lost $8.3 million due to an exploit, once again highlighting vulnerabilities in smart contracts.
👨💻 The SEC is reportedly poised to approve spot ETFs for ADA, SOL, XLM, and XRP soon, potentially opening the market to new institutional investments.
🤔 SUI faces the risk of potential liquidations worth $96 million at the $3.48 level, raising concerns among traders.
📶 The recent Ethereum Pectra update significantly enhanced the network’s scalability and economic efficiency, leading to a notable rise in ETH’s price and ecosystem activity.
The day was marked by both technological breakthroughs and market risks, underscoring the complex dynamics of the current crypto landscape.
#CEXvsDEC101 #OrdersTypes101
