Trump Media and Technology Group (TMTG), the company behind President Donald Trump's social media platform Truth Social, is gradually transforming itself into a financial-media "fortress" with Bitcoin at its core, aiming to reshape the entire American economy towards a "Patriot Economy".
On June 13, the U.S. Securities and Exchange Commission (SEC) officially approved TMTG's registration statement (Form S-3) related to the plan to establish a massive Bitcoin reserve worth $2.5 billion. TMTG aims to sell approximately 56 million shares and another 29 million shares linked to convertible bonds, as part of a financial agreement with about 50 investors.
An increasing number of public companies in the US and Canada that are not operating in the digital asset space are implementing a "Bitcoin treasury" strategy – that is, allocating a portion of cash or financial reserves to invest in the world's largest cryptocurrency.
According to a new report from Standard Chartered Bank, there are currently 61 publicly listed companies not focused on digital currencies that have been or are implementing this strategy – indicating that Bitcoin is becoming the new strategic financial tool in the post-ETF era.
This move is largely driven by the "MicroStrategy" effect. The software company founded by Michael Saylor – now renamed Strategy – began accumulating Bitcoin in 2020. To date, Strategy has held BTC worth over 63 billion USD, and its stock price has increased by more than 3,000% since then. This success is creating a ripple effect. #MyTradingStyle
Bao nhiêu XRP sẽ đưa bạn vào top 1%? Nhà phân tích đã chia sẻ những hiểu biết sâu sắc về cách phân phối ví XRP đang thay đổi. Một nhà đầu tư hiện cần ít XRP hơn để leo lên nấc thang. Tính đến thời điểm hiện tại, 10% người nắm giữ XRP hàng đầu sở hữu ít nhất 2.480 XRP. 5% hàng đầu cần khoảng 8.762 XRP và để nằm trong top 1%, bạn cần sở hữu hơn 50.000 XRP.
Some technical analysts are expecting XRP to rise to 14 USD, equivalent to an increase of more than 530% from the current level, if the bullish pennant pattern breaks out to the upside.
This pattern was seen in 2017, before the price of XRP skyrocketed over 1,300% to an all-time high around 3.40 USD.
Analyst Mikybull Crypto commented: “I have seen this scenario before – the 2017 atmosphere is coming back.” #FOMCMeeting
Although Bitcoin is consolidating above the 100,000 USD mark after strong macroeconomic and geopolitical fluctuations, the optimism in the trading community remains very strong. Many experts assert that the current bull market has not yet ended, and Bitcoin is preparing for a breakout, moving closer to unprecedented price levels $BTC
Bitcoin's price has remained largely unchanged this week, with no significant volatility in either direction. The market is still moving sideways, with prices trapped in a narrow range. Although there is some downward pressure, it is not enough to cause any major changes.
Some experts have wondered whether Bitcoin's current pattern could turn into a triangle, but there are no clear signs indicating that this will happen. Triangles are rare patterns in the market, and it is still too early to say whether this will develop into a pattern or not. #VietnamCryptoPolicy
After more than four years of legal battles, the Ripple vs SEC lawsuit may finally come to an end. Both parties recently filed a joint motion to settle. Ripple aims to unlock 125 million dollars from an escrow account, with 50 million dollars to be paid to the SEC as a civil penalty and 75 million dollars to be returned to Ripple. The goal is to conclude the lawsuit without further delays or appeals. #MetaplanetBTCPurchase
The price of Bitcoin (BTC) is being affected by the escalating tensions between Israel and Iran, causing global investors to reduce risk on high-volatility assets.
In the past 24 hours, BTC has dropped 1.7%, currently trading around the mark of 105,568 USD. However, technical analysts remain optimistic, believing that the world's largest cryptocurrency could reach new highs in the coming months if it maintains its current positive patterns. #TrumpBTCTreasury
The famous trader Daan Crypto Trades has just issued a warning that Bitcoin is approaching a critical point, as the price volatility this month is significantly narrowing.
According to his analysis, the difference between the monthly high and low is currently only 10.3% – unusually low compared to previous months.
Daan stated that in the past 4 years, there has not been a month where BTC ended with such a low range, and usually when prices are compressed like this, a strong breakout is likely to happen soon. $BTC
A new analysis based on GitHub data – the open-source code hosting platform – has ranked 20 altcoin projects with the strongest technical development activity over the past year.
Leading the list is Cardano (ADA) with 21,179 code updates, followed by Ethereum (ETH) with 20,617.
These numbers reflect the level of active work by the technical team, indicating that the project is continuously being improved. #CardanoDebate
Recent cryptocurrency ETFs have become a topic of interest, as major asset managers continue to adjust their ETF filings. Several important deadlines are approaching. Both ProShares and Franklin Templeton have set significant dates in June, raising hopes that the SEC will finally approve them.
In a new filing submitted to the SEC on June 10, ProShares requested the SEC to postpone the launch date of the Solana and XRP ETF to June 25, 2025. If approved, the SEC will need to make a clear decision on that date, rather than delaying further. $ADA
A Japanese conglomerate wants to spend 5.4 billion USD to buy Bitcoin, with Eric Trump as an advisor, stocks rise over 8,800%
Shares of the Japanese hotel development company Metaplanet skyrocketed after the company revealed plans to raise approximately 5.4 billion USD to purchase more Bitcoin.
As the price of Bitcoin approaches the 110,000 USD mark, a more noteworthy event is quietly happening behind the scenes: the amount of BTC withdrawn from exchanges is increasing significantly.
According to data from CryptoQuant, around 550,000 BTC has "disappeared" from exchanges in just one year – down from 1.55 million BTC in July 2024 to just 1.01 million BTC currently.
This indicates that investors are prioritizing long-term storage, rather than short-term trading, by transferring assets to cold wallets or safe storage solutions off-exchange.
This is big news! Bitcoin has just crossed a new threshold. On Friday, the network reached block 900,000, a milestone that reflects the strength, consistency, and long-term design of the world's largest cryptocurrency.
This block was mined by ViaBTC, one of the major mining pools in the industry, and includes 1,562 transactions with a relatively low fee (~3 sat/vB), generating a transaction reward of 0.018 BTC. Compared to the previous block – this block has fewer transactions but a higher average fee – it is efficient, quick, and timely. #CryptoRoundTableRemarks
Strange altcoin surpasses giants, leads search volume on CoinGecko
Recently, the leading cryptocurrency data tracking platform CoinGecko announced the list of the most searched altcoins in the past few hours.
Surprisingly, Keeta (KTA) – a project with a market cap of less than 1 billion USD – has topped the list, surpassing many big names like Ethereum and Bitcoin.
In the past three days, the rise in Bitcoin's price has also driven the price of altcoins. Even XRP and Ethereum have risen by 8% and 6% respectively.
However, the increase is not enough to surpass their resistance levels; the prices of XRP and ETH are facing significant barriers. If the CPI rises further, the prices of both altcoins are likely to decrease, but if the CPI decreases slightly, it could serve as a short-term catalyst to break through their nearest barriers. #NasdaqETFUpdate
According to the analysis group at Bitfinex, the market is entering a more stable phase to prepare for the next bullish cycle. Previously, the market experienced a 10% correction, bringing the price of Bitcoin close to 100,000 USD last week and over 1.9 billion USD in positions liquidated in the derivatives market.
However, experts warn that on-chain data shows increasing selling pressure from long-term investors. This could be a factor that may pressure demand.
"Bitcoin is at a crossroads - balancing between the technical support zone and weakening upward momentum, waiting for the next macro signal," the Bitfinex report emphasizes. $ETH
Countries such as the UAE and India are witnessing a significant increase in ransomware attacks targeting crypto users.
The most notable incident is the kidnapping of David Balland, co-founder of Ledger wallet, when he and his wife were kidnapped right at home in January and were fortunate to be rescued afterward.
There was also a failed kidnapping attempt aimed at the daughter of another cryptocurrency entrepreneur in France, raising alarms about the level of danger for crypto investors. #MarketRebound
The conversation surrounding cryptocurrency exchange-traded funds (ETFs) continues to surprise the daily cryptocurrency market, and this time, XRP seems to be the center of attention. At the recent XRP event in Las Vegas, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, shared his views on how the market may soon witness an XRP ETF.
Investors Want More Than Just Bitcoin Speaking at the event, Hougan explained how ETFs have become the top choice for cryptocurrency-friendly investors seeking easy and regulated access to digital assets. So far, Bitcoin ETFs have led the way, but attention is now shifting to other popular tokens like XRP and Solana.
When asked when these new ETFs might launch, Hougan stated he could not comment on specific filings but subtly hinted that the industry is making steady progress. #USChinaTradeTalks
Venture capitalist Tim Draper has once again affirmed his prediction that Bitcoin will reach $250,000 by the end of this year, despite market volatility.
On the X platform on June 4, he stated that the US dollar is losing value, and Bitcoin could "increase infinitely" if this trend continues.
This forecast was first made by him in 2018 and he remains steadfast in his position to this day.