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Ric Edelman, a prominent financial advisor, claims that institutional clients should invest between 10% and 40% of their portfolios into crypto. His firm manages $300 billion, making this a very influential statement.

Some have questioned corporations’ BTC acquisitions, claiming that they represent a bubble. Edelman’s strong endorsement could outweigh these concerns and keep fresh capital moving into Web3.

Edelman Advises Crypto Investment

Traditional finance and the crypto industry have had a rocky relationship over the years, but it’s improving. Corporations worldwide are following MicroStrategy’s playbook, buying Bitcoin and other assets in droves.

Today, prominent ETF analysts noted that one of TradFi’s biggest advisors is advocating heavily for crypto investment:

Edelman’s recommendations shocked many casual observers. He essentially claimed that crypto has been too valuable for clients to ignore and that fund managers have a fiduciary responsibility to invest in it.

Since when is a 10% crypto allocation considered a “conservative” position, especially for hedge funds?

Still, many crypto-native readers may wonder what Ric Edelman’s relevance actually is. Eric Balchunas, another prominent ETF analyst, was apparently floored, comparing Edelman’s message to BlackRock’s famous turn toward crypto:

“Holy smokes. This is the arguably the most important full-throated endorsement of crypto from TradFi world since Larry Fink. This guy is Mr. RIA (Registered Investment Advisor). He manages $300 billion for 1.3 million clients and tops the Barron’s list of Top Financial Advisors regularly,” he claimed.

This is extremely high praise. BlackRock wasn’t pro-crypto for years, but its Bitcoin ETF became one of its best-performing products. So, it’s not new that major financial advocates have changed their stance towards digital assets.

Meanwhile, Edelman’s fund manages $300 billion. So, could he realistically direct 25% or more to funnel into Bitcoin investment? If he commits to this strategy wholeheartedly, how many competitors could follow it?

If nothing else, the markets are already primed for a surge of crypto investment. Crypto stocks are outperforming most altcoins, significantly impacting the DeFi ecosystem.

Skeptical voices are also growing in number, so a top-level sign of faith could keep the momentum steady.

However, this momentum might not apply to altcoins. Balchunas claimed that Edelman was trying to present a simplified message by discussing crypto investment rather than Bitcoin specifically.

Objectively speaking, Bitcoin represents the vast majority of corporate purchases. Nearly 90% of fund investments are in BTC, and it’s liable to remain the preferred asset for now.

Meme coins had a mixed month, with some seeing massive gains while others dropped to all-time lows. However, Useless Coin stood out, owing to its impressive gains and maintaining stability. 

BeInCrypto has identified two other meme coins worth watching in July, as they show strong signs of potential growth.

Useless (USELESS)

USELESS led the meme coin market in June with an explosive 1,635% rise, setting new all-time highs nearly every day. The altcoin reached its latest ATH today at $0.209. This growth showcases impressive momentum, and investors are watching closely for further upward movement.

Despite the massive rise, USELESS has shown no signs of exhaustion or selling pressure. The Parabolic SAR indicator below the candlesticks suggests that the uptrend is likely to continue. As the Solana-based meme coin gains popularity, it could push toward $0.450 over the next month, further boosting investor interest.

USELESS Price Analysis. Source: TradingView

However, as with all meme coins, unexpected selling from holders could reverse the trend. If investors decide to cash out, USELESS might fall to the support level of $0.066. Such a drop would invalidate the bullish outlook and erase the gains made.

Pudgy Penguins (PENGU)

PENGU had a rocky start to June but has gained significant traction over the past week. The meme coin rose by 62.6%, reaching $0.0137, marking a two-month high. This recent surge shows the altcoin’s ability to rebound despite earlier struggles, drawing attention from investors.

A major advantage for PENGU is its strong correlation of 0.70 with Bitcoin. As Bitcoin continues its upward momentum and forms new all-time highs, PENGU is expected to benefit from this trend. With Bitcoin’s strength, PENGU could breach the $0.0151 resistance level and potentially reach $0.0180 in the coming days.

PENGU Price Analysis. Source: TradingView

However, PENGU’s price is influenced by its large holders, with over 47.72% of holders owning more than $10 worth of PENGU. These investors could significantly impact the price if they decide to sell. If profit-taking becomes widespread, PENGU may fall back below $0.0129, potentially reaching the support level of $0.0100.

Pepe (PEPE)

PEPE has faced a 15% drop since the beginning of June, making it one of the worst-performing meme coins this month. However, Jon “Jagged” Eyrick, Core Member of Pepe’s Dog (ZEUS), speaking to BeInCrypto, suggests that Ethereum-based meme coins like PEPE could experience a rise in July, which may help boost their price.

“Meme coins on ETH are gaining more attention due to the increased ETF inflows which ETH is seeing compared to BTC… Additionally, ETH still holds the second largest market cap in crypto and DeFi is the backbone of its infrastructure, so there is a solid case to expect strong price performance. Based on this, liquidity would flow naturally into the biggest projects on Ethereum, including well known memes such as $PEPE and those that focus on authenticity and transparency,” Eyrick noted.

The MACD indicator shows the first bullish crossover of the month, signaling a potential shift in momentum for PEPE. This could help the coin recover from recent losses and push toward the $0.00001216 resistance level. A rise past this point would indicate further upward movement in the coming weeks.

PEPE Price Analysis. Source: TradingView

However, if the bullish momentum fails to materialize, PEPE could experience further declines. If the altcoin falls through $0.00000917 and $0.00000839, the bearish trend may continue. In this case, the bullish outlook will be invalidated, and PEPE’s price could remain under pressure.

Vanadi Coffee’s shareholders approved its Bitcoin accumulation plan, opening with a $6.8 million purchase of 54 BTC. It plans to invest $1.17 billion in total, which would make it Spain’s largest Bitcoin holder.

So far, Vanadi’s plan seems to be working, with impressive stock price gains in the last few days. However, economists warn of a corporate Bitcoin bubble that the firm might not be able to withstand.

Vanadi Commits to Bitcoin

Companies around the world are turning to the Bitcoin treasury strategy, following in MicroStrategy’s footsteps to make radical business pivots.

Earlier this month, Vanadi Coffee did the same, proposing to spend over $1 billion on Bitcoin to replace a flailing core business. At a board meeting yesterday, shareholders unanimously approved the proposal:

Since then, things have been moving quite fast. Vanadi has already purchased a significant quantity of Bitcoin, further showing its commitment to carrying out the plan.

Its stock valuation rose around 20% today, building on several days of momentum. Hype built as the board meeting approached, continuing throughout its affirmative decision and these early purchases.

Vanadi Coffee Price Performance. Source: Google Finance

At first glance, this strategy is paying off immediate dividends. If Vanadi manages to spend $1.17 on BTC acquisitions, it’ll become the biggest Bitcoin holder in Spain.

Last year, the firm lost $3.7 million, raising questions about its sustainability in the coffee business. Using its resources for a Web3 pivot could be its best chance of survival.

Still, this might not be a sound investment, at least at scale. Now that so many companies are buying Bitcoin, economists worry about an impending bubble.

If major holders liquidate their holdings, it could send a cascade of volatility through the global markets. Since Vanadi’s core business is underwater, it’s issuing debt to buy Bitcoin, making this the core focus.

MicroStrategy, the “industry leader” for corporate Bitcoin holdings, already holds billions in unrealized losses. Rumors of a forced liquidation have dogged the company, but Michael Saylor has kept fresh investment flowing.

Not everyone can manage this feat. If Vanadi gets squeezed by crypto volatility, a few Bitcoin liquidations could spin out of control.

All that is to say, there are a lot of mixed signals in the market. Vanadi is committing hard to Bitcoin, and it’s already reaping significant rewards.

With the Q2 coming to an end today, many major altcoins are preparing for crucial developments that could shape their performance in Q3. Leading the list is XRP set to to debut its XRPL EVM Sidechain.

Thus, BeInCrypto has analyzed altcoins for the investors to watch this week and where they could be heading as July begins.

XRP

XRP is currently trading at $2.17, just below the crucial resistance level of $2.23. The altcoin is awaiting strong bullish cues to push past this barrier. One potential catalyst could be the launch of a new sidechain.

If successful, the introduction of the sidechain could boost XRP’s price by attracting new investors and increasing demand.

Ripple’s recent partnership with Wormhole is expected to bring multichain interoperability to the XRPL with an upcoming launch of the XRPL EVM Sidechain. While the debut of the chain was anticipated for Q2, updates were only shared last week. This announcement sets the stage for a potential breakout in the coming months.

The XRPL EVM Sidechain is expected to launch in Q3, and the build-up to this release could spark significant interest in XRP. If the excitement surrounding the launch drives demand, XRP could surpass the $2.23 resistance, possibly reaching $2.27 or higher. 

XRP Price Analysis. Source: TradingView

Securing the 50-day EMA as support will solidify the bullish momentum. However, any further delays in the launch could cause XRP holders to sell, driving the price down to $2.08 support level.

BNB

BNB price has recently seen a 6% rise, signaling the end of its month-long downtrend. Trading at $653, the altcoin is now focused on securing the $647 support level. A successful defense of this price point will allow BNB to build on its recent gains and aim for higher targets.

Another major development for BNB is the upcoming Maxwell hard fork, scheduled for June 30. This hard fork will reduce block time from 1.5 seconds to 0.75 seconds, enabling faster transaction finality. The update could enhance the network’s overall efficiency, increasing investor confidence and pushing BNB’s price upward.

BNB Price Analysis. Source: TradingView

The Parabolic SAR indicator is currently positioned below the candlesticks, signaling continued bullish momentum for BNB. The next resistance level lies at $686, but the altcoin must secure the $647 support first. If this support holds, BNB could target $686. However, if the price fails to hold $647, BNB could drop to $618, invalidating the bullish outlook.

Polygon (POL)

POL price recently bounced off the $0.171 support level but continues to struggle beneath the $0.190 resistance. This consolidation follows a 25% decline seen in mid-June. The current sideways movement suggests that market sentiment is uncertain, with a breakout largely dependent on upcoming developments and broader market conditions.

Polygon is gearing up for a significant network upgrade, which will enhance its scalability. By the beginning of Q3, the network is expected to handle 1,000 transactions per second with less than five seconds of finality. This upgrade could drastically improve the platform’s performance, attracting investor interest and potentially driving the altcoin’s price higher.

POL Price Analysis. Source: TradingView

The Chaikin Money Flow (CMF) indicator shows that Polygon’s inflows have been gradually increasing, signaling growing interest. If this trend continues, POL may break through the $0.190 resistance and rise towards $0.204. However, should momentum stall, POL might fail to breach the resistance and fall below $0.171 and slip through $0.167, invalidating the bullish outlook.

Spanish authorities arrested five members of an international scam ring that stole up to $540 million. Operation BORRELLI targeted a shadowy group with victims in 30 different countries.

Police didn’t provide many key details about the group, such as how exactly they defrauded their victims. At the moment, it’s unclear whether or not any members remain at large.

Major Crypto Scam Ring Busted

Crypto scams are an endemic part of this industry, but they’re especially prevalent right now. Organized crime rings are operating worldwide, with some even receiving state backing.

Still, authorities are fighting back, just like Spanish police did in dismantling a crypto scam ring that stole up to $540 million:

“The organization’s leaders allegedly used a network of salespeople spread across the globe to raise funds through cash withdrawals, bank transfers, and crypto transfers. The criminal organization allegedly established an international corporate and banking network… to receive, store, and transfer criminal funds,” local authorities claimed in a press release.

The Guardia Civil claimed that this group defrauded up to 5,000 victims in 30 countries, using a Hong Kong-based firm to coordinate fraud and money laundering worldwide.

Spanish citizens only represented one-tenth of the scam victims and $45 million of losses. Still, many gang members lived in the country, and police arrested a broad swath of them.

The Spanish Civil Guard dismantled an international crypto-scam network that affected more than 5,000 victims in 30 countries. Source: Interior Ministry

According to local reporting, Spanish authorities arrested five members of this scam group in raids throughout Madrid and the Canary Islands.

The investigation involved cooperation with EUROPOL and 15 separate nations, most of which were not EU members. This shows the international scope of the group’s operations.

There are several recent examples of international cooperation in fighting crypto scams, but it’s still an uphill battle. Although Spanish police referred to the scam ring as “dismantled,” it clarified that the investigation is still open.

At the moment, it isn’t clear how many members remain active around the world, especially because it employed cutout firms in several countries. Could five people in one nation accomplish that alone?

In the recent French kidnapping string, Morocco-based masterminds directed local operatives to perform the violent assaults. These attacks have continued despite the overseas ringleaders’ arrests.

Spanish police may anticipate future scams, leading to a lack of relevant details. Still, it’s hard to say for sure. There isn’t publicly available evidence of the Spanish group’s true size.

Unfortunately, the announcement was light on specifics, but it contained valuable information nonetheless. If nothing else, the international community is taking a proactive approach to crimefighting.

More details will likely emerge during court proceedings.

XRP has had a turbulent June, with the altcoin showing little to no clear direction. Throughout the month, macro bearish signals have loomed, affecting its price and sentiment.

However, there is potential for a reversal in July, thanks to the growing influence of whale investors.

Can XRP Whales Pull The Weight?

Whale activity has been a crucial factor in the past ten days, as large holders of XRP accumulate substantial amounts despite the price volatility. The addresses holding between 10 million and 100 million XRP have bought over 610 million XRP worth more than $1.33 billion. 

This accumulation comes at a time when the broader market sentiment remains uncertain, and the whales’ influence could counterbalance the erratic behavior seen among smaller investors. Their moves signal that some big players remain confident in the long-term outlook for XRP, even as the market struggles to gain momentum.

XRP Whale Holding. Source: Santiment

However, investor sentiment remains mixed, with many smaller investors unsure about XRP’s next move. This uncertainty is exacerbated by macroeconomic conditions that have led to a prolonged downtrend.

The lack of clear developments, such as the delayed XRP ETF launch, has left investors hesitant, reflecting a broader trend of indecision in the market.  Speaking to BeInCrypto, Temujin Louie, CEO at Wanchain, noted that XRP may have trouble launching an ETF.

“XRP remains a highly speculative asset, more so than BTC or even ETH. As such, the SEC’s postponement isn’t entirely surprising, as they are surely hesitant to set a precedent and trigger a wave of altcoin-ETF filings. Further complicating matters is the unpredictability of the current Trump administration and the looming possibility of another policy reversal in a few years,” Louie stated.

The overall market momentum for XRP has been influenced by the exchange net position changes, which show a lack of conviction from retail investors. Over the past month, the pattern of buying and selling on exchanges has been volatile, with no clear trend emerging. 

This suggests that investors are unsure about XRP’s immediate future, further fueled by the delays in the anticipated ETF launch. The lack of concrete developments has led to an uncertain atmosphere surrounding the altcoin.

XRP Exchange Net Position Change. Source: Glassnode XRP Price Faces Downtrend

XRP’s price has been stuck in a downtrend for over a month, trading at $2.18 and holding above the support level of $2.13. The failure to break through this resistance suggests that the downtrend may continue into the start of July. The lack of positive movement leaves XRP vulnerable to further declines unless a significant catalyst arises.

The beginning of July and Q3 could present a gloomy outlook for XRP if the price remains trapped within $2.23 and $2.13. This scenario would signal a continued downtrend.

XRP Price Analysis. Source: TradingView

Nevertheless, XRP historically has had a positive July in terms of monthly returns. The median monthly return for the coming month for XRP sits at 6.91%. A similar rise in July 2025 would push XRP past the $2.23 resistance to reach $2.32.

XRP Historical Monthly Returns. Source: Cryptorank

However, if the whales change their strategy and shift from accumulation to selling, XRP’s price could face further losses. If it loses the crucial support level of $2.13, XRP could experience a sharp decline. The altcoin could potentially reach as low as $2.02, which would invalidate any bullish outlook for XRP.

The first-ever staked crypto ETF in the US will begin trading this Wednesday, according to REX Shares. The product will offer investors exposure to Solana (SOL) while earning on-chain staking rewards—an industry first for an exchange-traded fund.

Solana’s price jumped nearly 4% within an hour of the announcement, signaling strong market interest. The ETF is expected to list under the ticker SSK.

Major Greenlight For Solana ETFs In the US

This ETF combines spot exposure to Solana with the added benefit of staking yield. Investors will hold shares that reflect both the price of SOL and the rewards generated from staking activities on-chain. 

Meanwhile, this makes it the first ETF in the US to distribute native staking income to shareholders.

Unlike traditional ETFs requiring lengthy SEC approval under exchange rules, the REX-Osprey product uses a unique regulatory structure. 

It is registered under the Investment Company Act of 1940 and operates through a C-corporation, allowing it to launch without a 19b-4 filing.

Also, this structure avoids direct engagement with the SEC on staking-related enforcement issues, which have held up several pending spot ETF applications. 

Notably, REX Shares previously received informal confirmation from the SEC that there were no outstanding comments on its filing.

The ETF will be available to US investors and offer 24/5 liquidity, commission-free access (via certain platforms), and transparent reward distribution. 

Unlike crypto exchange staking programs, investors retain full exposure through a regulated financial instrument.

This marks a major milestone for crypto asset management in the US. It demonstrates that staking-based yield can coexist with regulated ETF frameworks—something previously considered a gray area by regulators.

Solana Price Chart Today. Source: BeInCrypto

It also puts pressure on pending spot Solana ETF applicants like VanEck and 21Shares. Their filings, based on standard exchange-traded commodity trust structures, remain under SEC review and do not yet include staking components. 

So, the REX-Osprey product may serve as a regulatory workaround model for others.

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee and brace for impact as MicroStrategy (now Strategy) makes another bold move into Bitcoin (BTC), acquiring nearly $532 million worth and pushing its total holdings close to 600,000 BTC.

With the company now nearing a historic inclusion in the S&P 500 and its year-to-date (YTD) Bitcoin yield hitting nearly 20%, this could mark a pivotal moment in the growth of corporate crypto adoption.

Crypto News of the Day: Strategy Acquires 4,980 BTC, Eyes S&P 500 Entry

MicroStrategy has deepened its conviction in Bitcoin with a fresh purchase of 4,980 BTC for $531.9 million. The purchase, made at an average price of $106,801 per coin, brings the company’s holdings to 597,325 BTC.

According to the firm’s executive chair, Michael Saylor, these were acquired at a cumulative cost of $42.4 billion. With a blended average of $70,982 per Bitcoin, this brings Strategy’s YTD Bitcoin yield to 19.7%.

It also marks a key milestone in what may become the biggest traditional finance (TradFi) disruption yet: Strategy’s potential inclusion in the S&P 500.

BeInCrypto reported in a recent US Crypto News publication that MicroStrategy had a 91% chance of qualifying for inclusion in the S&P 500. The report cited insights from data analyst Jeff Walton, who said this wager hinged on Bitcoin’s price not falling more than 10% before June 30.

More closely, Walton pegged the critical support level at $95,240, enough to keep Strategy’s quarterly earnings in positive territory and meet the S&P’s requirement of four consecutive profitable quarters.

Bitcoin (BTC) Price Performance. Source: BeInCrypto

So far, that scenario is playing out. With just hours remaining in the quarter, Walton’s model puts the probability of a disqualifying 10% drop at just 1.8%.

“This is the first positive FASB Fair Value Accounting period for $MSTR’s BTC holdings, and $MSTR’s first earnings period > $500M Net Income in company history,” Walton posted on X.

If successful, Strategy would become the second crypto-linked company to enter the S&P 500 in 2025, following Coinbase’s historicaddition in May. But not everyone is cheering.

“This event will cause TradFi brains to go into full meltdown… This will be the most hated rally of all time,” Walton warned.

From skeptics questioning BTC-linked earnings to doubters highlighting the lack of cash flow, Strategy’s rise continues to provoke debate over what qualifies as sustainable corporate performance in crypto.

A Bull Market Built on Debt? Risks of the Bitcoin Corporate Treasury Model

Strategy’s S&P 500 bid also comes as a wider wave of corporate Bitcoin adoption reshapes the digital asset investment sector.

A report from Breed.vc notes that 199 entities now collectively hold over 3 million BTC, worth approximately $315 billion. Based on the report, 147 of them are private or public companies.

Corporate Bitcoin Adoption. Source: Breed

Among them, Strategy stands tall, accounting for over 53% of the Bitcoin corporations held. Its dominance goes beyond size, bordering on execution.

As a result, the Strategy model is now being replicated by companies globally, from Japan’s Metaplanet to US names like GameStop, Strive, and Twenty One Capital, as indicated in a recent US Crypto News publication.

While the proliferation of Bitcoin-holding companies may appear bullish for BTC, it introduces a new layer of systemic fragility.

Strategy survived the brutal 2022–23 bear market, but only barely. Now, an extended downturn—especially one coinciding with maturing debt—could force liquidations. Such an outcome would trigger what analysts call a reflexive death spiral.

A falling MNAV erodes the company’s stock value, tightening access to capital, and potentially forcing BTC sales that drive prices even lower.

Smaller players are especially vulnerable. Without MicroStrategy’s scale, legacy revenue, or institutional inflows, these firms often face higher leverage ratios and worse financing terms. Should Bitcoin dip sharply, the resulting stress could cause cascading failures.

That said, contagion risk remains limited as most funding is equity-based, not debt-driven. Still, the few who overleverage in pursuing rapid BTC accumulation could set off domino effects.

Chart of the Day

Illustrative Crypto Treasury Company Death Spiral. Source: Breed

This chart illustrates the cycle of a crypto market crisis. When the BTC price drops, it leads to forced liquidations, refinancing issues, and market panic, triggering further price declines and contagion.

Byte-Sized Alpha

Here’s a summary of more US crypto news to follow today:

Several crypto news stories will make headlines this week, positioning the market for imminent volatility. This is ahead of multiple ecosystem-specific developments that are likely to influence price action for select tokens.

Forward-looking traders and investors can capitalize on the following headlines this week, adjusting their portfolios accordingly.

Bybit To Launch Byreal Testnet

With crypto markets at the cusp of the third quarter (Q3) 2025, the Bybit exchange will launch the testnet for Byreal, a prospective decentralized exchange (DEX) built atop the Solana (SOL) blockchain.

Intended to revolutionize DEXs, Byreal will transform the DeFi market, delivering a unique mix of the transparency typical of decentralized finance (DeFi) and the liquidity and speed of centralized platforms.

The launch of the testnet is scheduled for June 30, while the mainnet is expected in Q3 of 2025. Bybit CEO Ben Zhou announced that Byreal will not be a DEX like all the others, with the real novelty in the synergy between centralized exchanges (CEX) and DEXs.

While Byreal offers liquidity typical of CEX platforms, it boasts a transparency inherent in DeFi. Against this backdrop, Byreal can provide an experience dubbed “real hybrid finance.”

Arbitrum’s YAPYO Launch

This week, Arbitrum, an Ethereum Layer-2 (L2) project, is among the top crypto news stories. The project plans to launch YAPYO, offering real users liquidity and an ideal space for social experimentation.

YAYPYO advertises as a mindshare flywheel on Arbitrum and is a social retention layer powered by Kaito AI and Cookie.fun. The YAPYO presale starts today, Monday, June 30, at 1 PM UTC, with a 30-minute head start for Top Yappers.

Amid this anticipation, Arbitrum’s ARB token was trading for $0.35658, up by over 15% in the last 24 hours.

Arbitrum (ARB) Price Performance. Source: BeInCrypto Jupiter Studio Launch to Rival Solana’s Pump.fun

Another crypto news to watch this week is the ascension of a new Pump.fun competitor after Tron’s Sun.fun. According to Jupiter Uplink, which organizes content for the Jupiter ecosystem, creators on Jupiter Studio will receive up to 50% of the fees.

Jupiter DAO advertises the platform as an easy but powerful token launchpad. Given the fees generated on some of its test tokens, like VIBE CAT, users speculate it may outperform Pump.fun.

“Only a matter of time before all degens create their tokens on JUP ecosystem,” one user remarked.

Despite hype around Jupiter Studio, JUP price is down by over 10% and was trading for $0.0009 as of this writing.

Jupiter (JUP) Price Performance. Source: BeInCrypto $123 Million SUI Unlock

Also in this week’s crypto news headlines, there will be a $123 million SUI unlock on Tuesday, July 1. This round of unlocks will unleash 44 million SUI tokens, constituting 1.30% of the network’s circulating supply.

Sui Token Unlocks. Source: Tokenomist.ai

Based on data from Tokenomist.ai, these tokens will be distributed to the Sui community reserve, early contributors, the Mysten Labs treasury, and investors.

If any of these recipients cash in their allocations for early gains, it could influence the Sui price. Recent reports indicate that 90% of token unlocks drive prices down.

“Understanding unlock schedules is no longer optional for traders. It’s essential for timing market entries and exits effectively,” a recent Keyrock research highlighted.

Drift Protocol’s FUEL Airdrop Claims

Also in the headlines for this week’s crypto news is Drift Protocol’s FUEL airdrop claims, which become available today, June 30. Crypto airdrops allow farmers to join promising projects at an early stage with little to no initial capital investments.

FUEL airdrop farmers can redeem their tokens for DRIFT. The project said it would reveal details to clarify.

This crypto news roundup gives investors a rubric for trading around expected volatility around these developments this week. However, traders and investors should always conduct their own research.

Following last week’s rebound in risk assets, US crypto stocks staged recoveries alongside the broader crypto market. 

With bullish momentum carrying into the new week, some crypto stocks, including IREN, CIFR, and RVYL, are drawing increased attention from investors.

IREN Limited (IREN)

IREN is seeing renewed bullish momentum following the successful closing of its $550 million convertible senior notes offering. Due to strong investor demand, the offering was significantly oversubscribed and upsized. 

Initially set at $450 million, the offering was expanded to $500 million through a greenshoe option, reflecting strong institutional confidence in the company’s growth outlook.

IREN closed Friday’s trading session at $14.00, marking a 6.79% gain on the day. In pre-market trading today, IREN shares are priced at $14.82. If the rally continues when the market opens, the stock could climb toward $15.79.

IREN Price Analysis. Source: TradingView

However, if demand weakens, IREN’s price could slip back to $13.51.

Cipher Mining (CIFR)

CIFR is another US crypto stock to watch today. The stock closed Friday’s trading session at $4.26, up 67% on the day. 

The gains come after the company announced energization and commencement of hashing at its new Black Pearl site. In a statement released on June 23, 2025, Cipher revealed that the Black Pearl facility is currently generating approximately 2.5 EH/s, with plans to scale up through Q3 2025 as new mining rigs are delivered.

During pre-market trading today, CIFR shares are priced at $4.42, reflecting continued bullish momentum.

If buying pressure rises when the market opens, CIFR could reach $4.70.

CIFR Price Analysis. Source: TradingView

However, if trading activity weakens, the stock’s price may fall to $4.03.

Ryvvl Inc (RVYL)

RVYL closed Friday’s trading session at $0.82, gaining 4.50%. The stock continues its upward momentum in pre-market trading today, changing hands at $0.89.

The price surge comes after the company announced a series of major corporate developments aimed at strengthening its financial position and expanding its blockchain capabilities.

On June 16, 2025, Ryvyl revealed it had filed a registration statement on Form S-1 with the SEC for a proposed public offering. Although the number of shares and pricing are yet to be determined, the move signals the company’s intention to raise significant capital to fund its growth strategy.

RVYL’s price could climb toward $0.91 if buying activity remains when the market opens.

RVYL Price Analysis. Source: TradingView

However, if this weakens, the stock may retreat to $0.91.

Experts are raising alarms about a potential institutional bubble forming around Bitcoin (BTC), which could lead to a severe bear market. 

The warning comes as firms ramp up their Bitcoin exposure. The number of corporations holding Bitcoin has risen by approximately 226% since Q1 2024.

Bitcoin’s Institutional Boom: A Bubble in the Making?

In the latest X (formerly Twitter), crypto analyst and educator Heidi flagged this trend. She cited Bitwise data to highlight a steady rise in corporate Bitcoin adoption.

After remaining consistent in early 2024, the number of corporations holding Bitcoin grew gradually throughout the year. In 2025, the adoption surged, reflecting a significant uptick in institutional interest.  

Institutional Adoption of Bitcoin. Source: X/Blockchainchick

Towards the close of Q2 2025, the number of corporations holding Bitcoin has reached 134. This marked a 57.6% increase from Q1 2025.

This includes giants like Strategy (formerly MicroStrategy) and Metaplanet and new firms like ProCap BTC and Twenty-One Capital, which are focused on building large-scale Bitcoin treasuries. 

With institutional players increasingly pouring capital into the digital asset, concerns are mounting about the potential for an unwinding of these positions when market conditions shift. 

“The institutional bubble is forming? The next bear market is going to be brutal,” Heidi posted.

Furthermore, Versan Aljarrah, co-founder of Black Swan Capitalist, shared the concerns. He argued that corporations may be encouraging retail investors to buy now to serve as ‘exit liquidity.’

“They will all dump. That’s why they want people buying in now instead of BTC lows in 2022. Exit liquidity. Nothing moves in a straight line,” he wrote.

The latest data from Bitcoin Treasuries showed that institutions have a total of 1,132,913 BTC, divided between 842,035 BTC (public) and 290,878 BTC (private). This amounts to approximately 5.39% of the total supply. Strategy alone holds around 2.8% of the total BTC supply.

Companies’ Bitcoin Holdings. Source: Bitcoin Treasuries 

If these institutions were to offload their holdings, the market could face serious repercussions.  Theoretically, it could increase selling pressure, negative sentiment, heightened volatility, and a prolonged bear market. This, in turn, could signal instability, causing further institutional retreat and diminishing Bitcoin’s position as a stable asset.

Sygnum had previously warned that if the market becomes oversaturated with demand and a bear market emerges, the resulting selling pressure from institutions could not only drive the price of Bitcoin lower but also worsen overall market sentiment, leading to a more significant downturn.

“Michael Saylor selling Bitcoin” would be a difficult headline for the crypto market to face,” Sygnum stated.

From Trend to Standard: Bitcoin’s Growing Influence in Institutional Finance

Nonetheless, not all perspectives align with the bubble narrative. A pseudonymous user, FiatHawk, countered that labeling this a bubble is misguided.

“How is this a bubble? More people and companies are saving in money others can’t print.  Hardly a bubble when money printer keeps printing. In 5 and 10+ years far more companies and people will do the same (i.e. save in Bitcoin),” the post read.

Several experts agree with this. Joe Burnett, former director of market research at Unchained and now director of Bitcoin Strategy at Semler Scientific, told BeInCrypto that more firms will adopt Bitcoin. He added that it will become the foundational element of corporate capital structures in the next 10 years.

Meanwhile, many firms have committed to holding Bitcoin as a long-term treasury asset. In fact, Michael Saylor, co-founder of Strategy, has consistently advocated for never selling Bitcoin. 

He even hinted that he plans to burn his BTC keys after his death. Thus, while firms remain confident in Bitcoin and more are joining the trend, the future cannot be predicted. 

Whether this institutional surge leads to a bubble or solidifies Bitcoin’s role as a cornerstone of corporate capital structures will depend on market dynamics and the long-term stability of the asset.

Crypto airdrops remain one of the easiest ways to get in on promising projects while still in the ground-floor stage. With little to no initial capital required, farming budding projects could translate into significant financial returns when the project launches.

This week, several crypto projects are trending, with strong financial backing from notable investors making them promising ventures.

Zama

Blockchain service Zama is one of the top crypto airdrops this week, having opened on June 25. It is available for select airdrop farmers, and the pioneering open-source cryptography firm focuses on delivering novel Fully Homomorphic Encryption (FHE) technologies tailored for blockchain and AI applications.

The Zama project boasts up to $130 million in funds raised from backers such as Pantera Capital, Multicoin Capital, Protocol Labs, Blockchange, Metaplanet, and Solana’s Anatoly Yakovenko, who is coming in as one of the angel investors.

It follows a Series B funding round, which sent Zama past the $1 billion valuation. The public testnet will go live on Tuesday, July 1, as it is open exclusively.

Farmers must visit the public testnet page and join Zama’s Discord community to participate in the Zama airdrop campaign.

The project rewards active engagement with the community. To participate successfully, follow any additional instructions on the testnet page or Discord.

MEXC

Another crypto airdrop to watch this week is from global centralized cryptocurrency exchange MEXC. MEXC launched an exclusive airdrop campaign specifically for Airdrops.io users.

The campaign runs from June 17 to July 17, 2025, with the collaboration offering benefits beyond the typical promotional campaigns.

“Users who register through our exclusive link will automatically join this airdrop program,” Airdrops.io indicated.

The program features two events that reward user registration and active trading participation. 

In the first event, farmers get a $20 USDT bonus for completing the basic deposit and trading requirements. Meanwhile, the second event offers bonuses ranging from $5 to $300 USDT based on future trading volume achievements.

“Combined with a permanent 20% rebate on all spot and futures trading fees, participants can earn up to $320 USDT in immediate bonuses plus ongoing savings on all future trading activities,” Airdrops.io added.

It comes amid MEXC’s resolve, rewarding the Airdrops.io community with superior benefits compared to standard promotional offerings.

The 20% fee rebate’s permanent nature ensures that users continue to benefit from reduced trading costs long after the initial bonus period concludes.

Based on these details, the MEXC airdrop may be uniquely rewarding for airdrop farmers and long-term platform users.

Sahara AI

Also on the watchlist this week is the Sahara AI crypto airdrop, a decentralized AI network that enables free and secure autonomous AI deployment with a high-performance, privacy-first network.

Sahara AI had raised $51.5 million in funding from investors like Binance Labs (now YZi Labs), Pantera Capital, and Polychain Capital.

After closing its testnet and with rewards available for claims, the project distributes 5% of the total SAHARA token supply. Additionally, there are exclusive cash rewards to early community contributors and ecosystem participants.

Moreover, with the airdrop serving as the first major distribution event, Sahara AI allocates 64.25% of the total token supply to various community-focused initiatives.

Eligible participants include users who earned Sahara Points through the Data Services Platform, Sahara Legends, who collected Shards for NFTs, and ecosystem builders who contributed to platform development.  

ARB, the native token of the leading Layer-2 scaling solution Arbitrum (ARB), is today’s top-performing token. It is up over 16% today, fueled by growing speculation surrounding a potential partnership with Robinhood.

Interestingly, on-chain data suggests that the rally may be short-lived as key metrics flash warning signs. 

Arbitrum Tops Gainers as Robinhood Speculation Runs Hot

ARB is up by double digits today and currently trades at $0.36. This comes ahead of the Monday fireside chat between Ethereum co-founder Vitalik Buterin, Robinhood Crypto General Manager Johann Kerbrat, and A.J. Warner, the Chief Strategy Officer at Offchain Labs, the team behind Arbitrum.

This upcoming meeting has fueled speculation that Arbitrum could be announced as a partner for Robinhood’s blockchain plans. The buzz is partly driven by a May 8 Bloomberg report, which revealed that the US-based platform is developing a blockchain-based platform, with Arbitrum reportedly being considered a potential partner for the venture.

However, despite the bullish price action, on-chain data indicates that the rally may face some challenges in the short term. For example, the token’s liquidation heatmap shows a substantial liquidity cluster below ARB’s price at $0.29, suggesting that a pullback could be on the horizon. 

ARB Liquidation Heatmap. Source: Coinglass

Liquidation heatmaps are visual tools traders use to identify price levels where large clusters of leveraged positions are likely to be liquidated. These maps show areas of high liquidity, often color-coded to show intensity, with brighter zones representing larger liquidation potential.

When the heatmap shows a liquidity cluster below an asset’s price, many leveraged long positions have liquidation levels in that area. This acts as a magnet for price retracement, as the market may move down to trigger those liquidations before continuing in either direction.

Moreover, while its price climbs, the altcoin’s Chaikin Money Flow (CMF) indicator shows a noticeable downtrend. It is at -0.12 at press time, forming a bearish divergence with ARB’s price.

ARB CMF. Source: TradingView

This bearish divergence occurs when prices rise while money flow falls, indicating weakening buying pressure behind the rally. ARB could soon witness a correction if this trend persists, risking reversing some of its recent gains.

Arbitrum Bulls Face a Critical Test

At its current market price, ARB trades above key support at $0.29. This price point represents the crucial barrier preventing the token from revisiting its all-time low of $0.24. 

If ARB’s rally continues to lack sufficient bullish backing, a breakdown below this level remains possible. 

ARB Price Analysis. Source: TradingView

On the other hand, the token could climb toward the $0.39 mark if buying pressure spikes.

As we enter the first week of July 2025, the crypto market is gearing up for a series of significant token unlocks. Among the standout projects unlocking tokens are Sui (SUI), Ethena (ENA), and ZetaChain (ZETA). 

These unlocks represent a crucial shift in token supply, which could lead to market volatility and potentially influence price movements in the short term.

1. Sui (SUI)

Unlock Date: July 1

Number of Tokens to be Unlocked: 44 million SUI (0.44% of Total Supply)

Current Circulating Supply: 3.39 billion SUI

Total supply: 10 billion SUI

Sui is a high-performance blockchain designed to provide scalability, low latency, and an architecture for decentralized applications (dApps). It distinguishes itself with an object-centric data model and the Move programming language, which seeks to address inefficiencies in existing blockchain architectures.

On July 1, the network will release 44 million SUI into the market, continuing its trend of cliff unlocks at the beginning of the month. The tokens are worth $122.3 million and represent 1.3% of the current circulating supply.

SUI Token Unlock in July. Source: Tokenomist

The unlocked tokens will be split 4 ways. The largest share, totaling 19.32 million SUI, is earmarked for Series B. Community Reserve will receive 12.63 million tokens. Early Contributors will gain 9.98 million tokens. Lastly, Mysten Labs Treasury will get 2.07 million SUI.

Meanwhile, SUI’s value has appreciated 11.3% over the past week. However, as the unlock nears, the price is down 1.4% over the past day.

2. Ethena (ENA)

Unlock Date: July 2

Number of Tokens to be Unlocked: 40.63 million ENA (0.27% of Total Supply)

Current Circulating Supply: 6.087 billion ENA

Total supply: 15 billion ENA

Ethena is a decentralized protocol built on the Ethereum blockchain. It provides a crypto-native alternative to traditional stablecoins. The protocol’s primary offering is USDe, a synthetic dollar stablecoin. Meanwhile, ENA is Ethena’s governance token.

The protocol will unlock 40.63 million tokens worth $10.9 million. The Foundation will receive all of the unlocked tokens, which account for 0.67% of the circulating supply.

ENA Token Unlock in July. Source: Tokenomist

The token unlock comes amid ENA’s less-than-strong start to the week. It dipped 0.2% over the past day. However, weekly gains stood strong at 10%.

3. ZetaChain (ZETA)

Unlock Date: July 1

Number of Tokens to be Unlocked: 44.26 million ZETA (2.1% of Total Supply)

Current Circulating Supply: 877.5 million ZETA

Total supply: 2.1 billion ZETA

ZetaChain is a blockchain that enables interoperability across various blockchain ecosystems, including those without native smart contract support, like Bitcoin and Dogecoin. It aims to unify the fragmented blockchain space.

On July 1, the network will release 44.26 million ZETA tokens, valued at $7.9 million. Core Contributors and the Protocol Treasury will get 13.13 million ZETA and 12.83 million ZETA, respectively. 

Purchasers and Advisors will receive 9.33 million ZETA. The network has also allocated 5.25 million tokens to the Ecosystem Growth Fund.

The User Growth Pool will gain 2.63 million ZETA. Finally, 1.09 million tokens will be kept for Liquidity Incentives.

ZETA Token Unlock in July. Source: Tokenomist

Similar to the other two altcoins, ZETA has also seen minor declines of 0.6% over the past day while rising 8.0% in the last seven days.

In addition to these three, Neon (NEON), Renzo (REZ), and dydx (DYDX) will also experience new supply entering the market. Over the next seven days, the market will welcome tokens worth more than $484 million.

Several experienced investors suggest it may be time for altcoin traders to shift their mindset rather than wait for market conditions to improve. Half of 2025 has already passed, and nothing guarantees the second half will be easier.

Meanwhile, the buy-and-hold approach for altcoins has failed as Bitcoin Dominance (BTC.D) has risen for two consecutive years.

Why Shifting From Buy-and-Hold to Disciplined Trading

Facing widespread losses among altcoin traders, Stockmoney Lizards, a well-known investor on X, shared a straightforward strategy designed for those with limited experience. Named the “Low-IQ Altcoin Strategy,” it consists of four main steps.

Choose reputable altcoins: Focus on coins that have proven resilient over multiple market cycles, such as SOL, ADA, or ETH. These coins usually have stronger foundations and lower risk than new, smaller projects.

Allocate capital carefully: Divide trading capital into five equal parts to spread risk across different buying points.

Define clear entry points: Enter positions when the daily RSI drops below 30 (an oversold signal). Continue adding after each further 10% price drop from the last purchase.

Set strict exit points: Exit the entire position once profits reach 30–50%. Avoid hesitation or waiting for even higher gains, as altcoin markets remain highly volatile and vulnerable to sudden moves by whales.

Stockmoney Lizards emphasized that this method does not promise quick wealth but aims to help traders avoid losing everything, like most altcoin investors. The recommendation includes reinvesting half of the profits into stablecoins and the other half into Bitcoin for long-term accumulation.

“You won’t get rich quick. But you also won’t lose everything like 99% of altcoin traders do…This boring strategy is exactly how I survived my early trading days,” Stockmoney Lizards noted.

Michaël van de Poppe, CIO and founder of MNFund, also highlighted a common mistake: many investors rush in to buy only when prices have already soared, which raises the risk of losses.

The disciplined method suggested by Stockmoney Lizards helps lower risk and reduce the FOMO mindset described by Michaël van de Poppe.

However, maintaining discipline can be challenging, as many traders still hope for rapid and large profits.

“Not the strategy most people in crypto believe in, but need to. They want that Lambo yesterday,” another investor on X commented.

Will Altcoin Season Arrive in H2 2025?

A recent BeInCrypto report identified signs that the altcoin winter may continue. Analysis of the altcoin market cap (TOTAL2) on a six-month chart shows that TOTAL2 has completed four consecutive green candles and now appears to be entering a red candle phase.

Total MarketCap Excluding BTC. Source: TradingView

In previous cycles, four green six-month candles typically ended with two red candles, suggesting that the second half of 2025 could remain challenging for altcoins.

However, investor Milk Road observed a more optimistic historical pattern: the market cap bottom for altcoins excluding the top 10 often forms in June each year.

Crypto Total Market Cap Excluding TOP 10. Source: Milk Road

“Every June since 2021 has marked a key turning point in the altcoin market… And June 2025 could be following the same script,” Milk Road observed.

This perspective is supported by other investors who hope the altcoin market cap could reach new highs in late 2025.

Conflicting signals from different data models add uncertainty to forecasts for H2 2025. At the same time, Bitcoin Dominance (BTC.D), which typically needs to decline to signal an altcoin season, remains above 65%, its highest level since February 2021, with no signs of retreat.

Altcoin investors remain divided. Some try to adjust expectations and strategies after previous losses, while others continue to wait for significant returns to justify years of holding.

Crypto inflows are moving with quiet force, totaling $2.7 billion last week after a sustained 11-week streak of positive flows.

This brings 2025’s half-year (H1) inflows to $16.9 billion, just shy of the $17.8 billion recorded in all of H1 2024.

Bitcoin Captures $2.2 Billion as Crypto Inflows Extend an 11-Week Winning Streak

With crypto inflows nearly matching 2024’s record H1 pace, data suggests institutional conviction is holding firm amid a complex global backdrop.

According to the latest CoinShares research, the bulk of last week’s flows were concentrated in the US, contributing $2.65 billion.

Crypto Inflows Last Week on Regional Metrics. Source: CoinShares report.

Unsurprisingly, Bitcoin led the inflow charge, absorbing $2.2 billion or 83% of last week’s total. This reflects a broadly optimistic sentiment toward the pioneer crypto.

This is especially true, as short-Bitcoin products shed another $2.9 million, bringing year-to-date (YTD) outflows for bearish bets to $12 million.

Ethereum raked in $429 million, pushing its 2025 inflows to $2.9 billion. These positive crypto inflows extended Ethereum’s streak of successive bullish capital influxes.

BeInCrypto reported recent instances, including three weeks ago, when Ethereum recorded its strongest run since the US elections.

To some extent, Ethereum’s Pectra Upgrade has driven positive sentiment for the altcoin. Solana, by contrast, has seen just $91 million this year.

Crypto Inflows by Asset. Source: CoinShares Report

This latest crypto inflow surge builds on the $1.2 billion recorded the week before and $1.9 billion the week before that. The crypto market has seen nearly $6 billion in inflows over the last three weeks alone.

This is a remarkable show of resilience amid mounting global risk. Behind this momentum lies a steady confluence of macro drivers.

“We believe this resilient investor demand has been driven by a combination of factors, primarily heightened geopolitical volatility and uncertainty surrounding the direction of monetary policy,” CoinShares’ head of research James Butterfill wrote.

Global Macro Forces Keep Crypto Inflows on Track

As BeInCrypto reported last month, the Moody’s downgrade of the US credit outlook cast a shadow over traditional markets, prompting a renewed search for uncorrelated alternatives.

Two months ago, investor appetite appeared undeterred even as President Trump’s tariff threats roiled markets. This points to traders and investors looking past geopolitical noise and pricing in longer-term structural demand for crypto.

Meanwhile, monetary policy uncertainty remains a persistent tailwind. The Federal Reserve (Fed) has wavered on the timing of interest rate cuts, leaving markets hyper-sensitive to each economic print.

This environment has offered macro-savvy investors a trading compass, with many allocating to crypto as a hedge against inflation and dollar volatility.

That thesis now seems to be gaining traction. The consistent crypto inflows, particularly Bitcoin and Ethereum, signal growing alignment between crypto and traditional finance (TradFi) in interpreting macro signals.

Even with equities chopping sideways and bond yields rising, digital assets are consistently attracting capital, suggesting a shift from speculation to strategic allocation.

The crypto market has been consistently recovering over the last few days, fueling optimism among investors. Most altcoins are painting green on the daily chart this week, with some even closing in on their all-time highs.

Thus, BeInCrypto has analysed three altcoins that could witness a new all-time high this week if the market remains bullish.

Hyperliquid (HYPE)

HYPE price is up today, trading at $40.6 at the time of writing. The altcoin has successfully broken past the $39.9 resistance, and securing it as support is crucial for continued growth. If HYPE manages to hold this level, further gains are likely to follow in the short term.

Currently, HYPE is just under 13% away from reaching its all-time high of $45.8. With the Ichimoku Cloud indicating bullish momentum, the altcoin is poised to make a strong push toward that target. The positive outlook suggests that HYPE could soon challenge and surpass its previous ATH.

HYPE Price Analysis. Source: TradingView

However, if HYPE fails to maintain momentum or sees significant selling pressure, the altcoin could slip below $39.9. A fall to the next support level of $36.5 would invalidate the bullish thesis, potentially erasing the recent gains and triggering further downward movement.

Maple Finance (SYRUP)

SYRUP is currently 14% away from its all-time high of $0.657. With an average daily movement of 4% to 5%, this altcoin has the potential to reach new heights. Given the recent price fluctuations, SYRUP is well-positioned to break its ATH with continued momentum and market stability.

A rise to $0.657 is achievable this week if broader market conditions remain stable. As SYRUP approaches this level, further bullish movement could push it beyond the previous ATH. Investor interest and stable market conditions will be key factors in supporting this upward price movement for SYRUP.

SYRUP Price Analysis. Source: TradingView

However, if investor sentiment shifts or selling pressure mounts, SYRUP could fall below the support level of $0.555. In such a case, the altcoin might dip to $0.496, invalidating the bullish outlook. A sustained downturn could reverse the recent gains and disrupt the upward trend.

SPX6900 (SPX)

SPX is currently priced at $1.31, holding above its support level of $1.25. The altcoin faces a key resistance at $1.42. If SPX can overcome this resistance, it may set the stage for further price growth and break through to new highs.

Reaching and securing $1.42 is crucial for SPX to push towards $1.55. This would pave the way for the altcoin to target its all-time high of $1.77, which it is 34.6% away from. The Ichimoku cloud’s bullish signal supports this potential, suggesting SPX may continue its upward momentum if market conditions remain favorable.

SPX Price Analysis. Source: TradingView

However, if SPX fails to breach the $1.42 resistance, the price could drop below the $1.25 support level. A fall to $1.14 or lower would invalidate the bullish thesis. This drop could be a result of increased selling pressure or unfavorable market conditions.

The Pi Network has broadened its roster of Know Your Business (KYB)-verified entities with the addition of Onramper and Onramp.money. 

The latter could allow users to directly buy and sell Pi Coin (PI) using local fiat currencies, further enhancing the network’s accessibility and adoption.

Pi Network KYB List Adds Two New Names 

The latest addition brings the total number of verified businesses integrated with the Pi Mainnet to eight. The official KYB list now includes Onramper and Onramp.money alongside established names such as OKX, Bitget, Banxa, Gate.io, MEXC, and Pionex.

Notably, the inclusion of Onramp.money is quite significant for the network. For context, Onramp.money is a global fiat-to-crypto platform that enables individuals and businesses to buy, sell, and swap over 400 digital assets.

The platform is active in over 60 countries, including India, Turkey, the United States, Brazil, and more. Furthermore, it supports various local payment options such as UPI and IMPS in India, VietQR in Vietnam, etc.

The option to buy PI Coin has already appeared on the platform, with 25+ supported currencies. However, it is not available for purchase against the US dollar.

Still, Pioneers celebrated this integration as a crucial milestone for the network.

“A major leap forward in making Pi more accessible and usable than ever before. This integration means faster, easier, and more secure ways to onboard users into the Pi ecosystem,” a user posted.

This marks the latest in a string of developments on the network lately. BeInCrypto reported that before Pi2Day, the team introduced a new feature to synchronize Know Your Customer (KYC) data across the Pi Browser and the main Pi App.

Furthermore, Pi Desktop (previously known as Pi Node) received an update that added full window resizing support, a public key on the troubleshooting page, and enhanced Docker compatibility. 

The Pi Browser also gained full account management capabilities. On Pi2Day, the team launched Pi App Studio and Ecosystem Directory Staking.

Despite these back-to-back rollouts, Pi Network’s price struggles have continued. PI staged a recovery last week, jumping 15.8% in a day. Yet, it hasn’t been able to hold on to the gains.

Pi Network Price Performance. Source: BeInCrypto

BeInCrypto data showed that PI’s value has dropped 4.3% over the past 24 hours. At the time of writing, the altcoin was trading at $0.51. The trading volume has also declined 4.9% to just $96 million. This indicated reduced trader interest. 

The recent positive announcements haven’t yet had the desired impact on sentiment, so it might be possible that the market is still waiting for a stronger catalyst. What that trigger is remains to be seen.

Bitcoin has slowly recovered toward the $108,000 price level over the past week, supported by a modest rebound in the broader crypto market. 

However, on-chain data suggests that this recovery may soon face headwinds. Rising sell-side pressure from miners and long-term holders (LTHs) threatens to correct the king coin’s recent gains.

Bitcoin Sell-Side Pressure Mounts

According to CryptoQuant, BTC’s Apparent Demand has once again flipped negative. This signals that buyer activity is failing to keep pace with the growing supply being introduced into the market. 

At press time, the metric, observed on a 30-day small moving average (SMA), stands at -36.98. The Apparent Demand metric measures the balance between new market demand and two key sources of supply: newly mined coins and those spent by LTHs who had been previously inactive. 

BTC Apparent Demand. Source: CryptoQuant

A negative reading like this indicates that the volume of BTCs entering the market now exceeds what new buyers can absorb. This shows the lingering market weakness stemming from the recent geopolitical tensions involving Israel, Iran, and the US, even as those tensions appear to be easing.

Furthermore, readings from BTC’s long/short ratio support this bearish outlook. At press time, the ratio is 0.96, indicating more traders are betting against the coin. 

BTC Long/Short Ratio. Source: Coinglass

This ratio compares the number of long and short positions in a market. When an asset’s long/short ratio is above 1, there are more long than short positions, indicating that traders are predominantly betting on a price increase.

Conversely, as with BTC, a ratio below one indicates that most traders are positioning for a price drop. This reflects heightened bearish sentiment and growing expectations of continued decline.

With short positions outnumbering longs among BTC holders, sentiment across derivatives markets mirrors the same demand scarcity reflected on-chain, confirming growing expectations of a potential price pullback.

Bitcoin Supply Surge Threatens Drop to $105,000

At press time, BTC trades at $108,102. If buyers fail to absorb the climbing wave of supply, the coin’s price could struggle to hold above this price level and risk retesting the $107,745 support zone. 

Should this level fail to hold, BTC could fall below $105,000 to trade at $104,709.

BTC Price Analysis. Source: TradingView

However, a resurgence in demand could prevent further losses. In that scenario, BTC may rebound, break above the $109,304 resistance level, and try to retest its all-time high at $111,917.

After a volatile start to the year, Bitcoin appears to be regaining its footing, surging 31.41% in Q2 after an 11.82% drop in Q1 2025.

This rebound has reignited a pressing question for investors: Is Bitcoin’s bullish cycle still intact, or are we nearing the end of the line?

Stablecoins Shaping a New Bullish Cycle

In a recent post on the X platform, Alphractal’s Founder and CEO, Joao Wedson, highlighted three key stablecoin metrics: the Stablecoin Supply Ratio (SSR) Oscillator, the Stablecoin Ratio Channel Long-Term View, and the Stablecoin Ratio Channel Short-Term View. Wedson says these metrics signal optimism, presenting a promising investment opportunity.

“None of these metrics currently indicate overbought conditions, suggesting that Bitcoin (and other cryptos) could continue rising for a few more months” Wedson shared.

First, the on-chain Stablecoin Supply Ratio (SSR) Oscillator serves as a “compass,” measuring Bitcoin’s market capitalization relative to the total stablecoin market cap, smoothed by a 200-day moving average and standard deviation.

Stablecoin Supply Ratio Oscillator. Source: Joao Wedson

This indicator identifies potential buying opportunities when Bitcoin is undervalued relative to stablecoin liquidity or warns of overheating markets. Recent Alphractal data shows the SSR Oscillator has not yet reached a sell signal, suggesting Bitcoin still has room for growth.

Additionally, the Stablecoin Ratio Channel provides deeper analysis in both long-term and short-term perspectives.

Stablecoin Ratio Channel Long-Term. Source: Joao Wedson

The long-term view helps investors identify buying opportunities when Bitcoin is reasonably priced relative to stablecoin liquidity while warning of overvaluation.

Meanwhile, with higher oscillation frequency, the short-term view suits swing trading strategies, offering momentum signals for short-term trends. Alphractal’s charts show recent “buy” signals, particularly since early 2025, reinforcing confidence in an ongoing bullish cycle.

Stablecoin Ratio Channel Short-Term. Source: Joao Wedson

According to Coinglass, Bitcoin’s 31.08% recovery in Q2 2025, combined with Ethereum’s surge (37.04%), reflects the strength of the crypto ecosystem.

Bitcoin Quarterly Returns. Source: Coinglass

However, risks remain. Stablecoin reliance could be impacted by global regulatory volatility, especially as countries like the US and EU tighten oversight. Nevertheless, the outlook remains positive with low interest rates. The US Treasury has also predicted that the stablecoin market could reach $2 trillion.