June 10, 2025:
Market Overview:
* The global cryptocurrency market cap has risen to $3.42 trillion, showing a 2.29% increase in the last 24 hours.
* Bitcoin (BTC) has seen significant movement, trading between $106,144 and $110,530, currently sitting around $109,292, up 2.92%. Analysts suggest BTC needs to maintain above $109,500 to confirm a bullish pattern, potentially leading to further gains.
* Ethereum (ETH) is also performing strongly, up 7.36% to $2682.99. For a sustained bullish outlook, ETH needs to hold above $2,750, according to some analysts.
* Other major cryptocurrencies like XRP, BNB, SOL, DOGE, TRX, and ADA are also trading higher today.
Top Stories and Developments:
* USDD2.0 Circulation Soars: The circulation of USDD2.0 has surpassed 450 million units, with the Total Value Locked (TVL) in sTRX Vault increasing from $5 million to $6 million in the past 11 days.
* Institutional Adoption Continues: UK-listed company Smarter Web Company has increased its Bitcoin holdings by acquiring an additional 45.32 BTC, bringing its total to 168.08 BTC. This reflects a growing trend of corporations adding Bitcoin to their treasury reserves.
* Crypto Funds Reach Record Highs: May saw crypto funds achieving new record highs, indicating increasing institutional demand and market shifts.
* SEC and DeFi: The SEC is reportedly considering regulatory exemptions for DeFi platforms, a development that could significantly impact the decentralized finance sector.
* Bitcoin's Bullish Momentum: Bitcoin's bullish momentum is strengthening as the EMA (Exponential Moving Average) gap widens, suggesting continued upward price movement. Bitcoin's realized market capitalization has also hit a new all-time high of $934.88 billion, boosting long-term confidence.
* XRP ETF Speculation: Speculation around a potential XRP ETF continues, with some analysts suggesting an approval could see XRP soar to $25-$27.
* Binance Expansion and Engagement: Binance held an offline event in Bishkek, Kyrgyzstan, highlighting the rapid growth of the industry and the increasing interest in cryptocurrencies and Web3 in the region. Binance is focusing on expanding its platform, payment solutions through Binance Pay, and educational programs.