The Fed is short for the Federal Reserve System, which is the central bank of the United States. Before The Fed was established, the United States often faced financial crises due to a lack of oversight of the banking system. To address this issue, the government created the Federal Reserve System through the Federal Reserve Act in 1913.
The Fed is designed as an independent institution, meaning its operations are not directly controlled by the government or the president. Decisions made by The Fed are based on economic data and aim to maintain long-term stability.
The Fed has the primary responsibility to maintain the economic stability of the country through the regulation of monetary policy, banking supervision, and the maintenance of a safe and efficient financial system.
As one of the most influential financial institutions in the world, The Fed's decisions are often under global scrutiny as they can affect exchange rates, interest rates, and asset markets such as stocks and cryptocurrencies.
Here is a summary of the latest news regarding cryptocurrency on June 8, 2025, based on the latest available information:
Bitcoin (BTC) Price Movement: Bitcoin shows signs of recovery after testing the support level around $100,000. The hash ribbon indicator shows a buy signal, indicating bullish potential to reach a new all-time high (ATH). However, volatility remains high, influenced by whale actions such as the liquidation of large positions by trader James Wynn (949 BTC, loss of ~Rp1.6 trillion) and the withdrawal of thousands of ETH by Abraxas Capital from the trading platform.
Ethereum (ETH): Despite experiencing a price correction, Ethereum continues to attract institutional investor attention, especially with strong inflows from BlackRock. Analysts predict the potential for an ETH price rally up to $20,000, driven by ecosystem developments and positive market sentiment.
Solana (SOL) and Altcoins: Solana experienced a sharp decline of 15% in the last week due to a broader market correction. However, projects like Solaxy (Solana Layer-2 token) draw attention with a staking ROI of 121% and significant growth potential in 2025. Other altcoins such as $SKBDI (+50.37%) and $RAIL (+28.43%) are also in the spotlight.
Gemini Files for IPO in the US: The cryptocurrency exchange Gemini, managed by Tyler and Cameron Winklevoss, has filed for an initial public offering (IPO) confidentially in the United States. This move reflects increasing investor confidence in the crypto market, driven by bullish momentum and pro-crypto policies from the Trump administration. This IPO is seen as a strong signal that the crypto industry is increasingly accepted in traditional financial markets.
Here is a summary of the latest crypto news today (June 8, 2025):
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💥 Alex Protocol Hacked
The DeFi platform Alex Protocol on the Stacks blockchain experienced an exploit on June 6, resulting in a loss of $8.3 million. The attacker exploited a gap in the self-listing verification system to withdraw liquidity from several asset pools.
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📈 XRP & Ripple Approaching a Critical Point
XRP saw an increase of 3.16% on June 6, as hopes for ETF approval grew.
A round table with the SEC is scheduled for June 9, which could influence the Ripple–SEC settlement. If successful, XRP could soar past $2.20 → $2.65–$3.
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🐶 Dogecoin Almost Reaches 8 Million Holders
The meme token Dogecoin (DOGE) is now nearing 8 million holders, a significant milestone reflecting growing mass adoption.
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🏛️ $TRUMP Memecoin Explodes
World Liberty Financial (WLFI) has acquired a majority stake in the $TRUMP memecoin. The market capitalization of this coin is approaching $2 billion, with a daily volume of approximately $796 million.
Additionally, other reports state that Donald Trump has made $1.2 billion from crypto in the last 9 months, driven by $TRUMP and other related tokens.
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🏦 Brexit Regulations and Gemini IPO Awaited
Britain will lift the ban on crypto ETNs for retail investors as part of efforts to strengthen the domestic digital asset industry.
Cryptocurrency exchange Gemini (Winklevoss) has confidentially filed documents with the SEC for an IPO in the U.S., following Circle's success on the NYSE.
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🌎 Macro Issues & Trends
The Eurasia Review report indicates that climate change is contributing to volatility in the crypto market due to cost aspects and other external factors.
Technology companies such as Apple, X (Twitter), Airbnb, and Google are now exploring the integration of stablecoins into their payment systems, as the capitalization of stablecoins is nearing $250 billion.
Celestia is the world's first modular blockchain. Its goal is to separate the core functions of a blockchain such as consensus, data, and execution, to be more flexible, scalable, and efficient.
Its native token is called TIA.
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🔧 How Celestia Works: Modular Blockchain
Traditional blockchains like Ethereum and Bitcoin are monolithic, meaning all processes (transactions, data, consensus) happen in one place.
Celestia is different — it only handles data and consensus, while transaction execution can be delegated to other chains.
For example:
DeFi applications can use Celestia for consensus, but the computational process (execution) is done on a separate specialized blockchain.
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📌 Main Benefits of Celestia
Feature Explanation
🧩 Modularity Developers can easily create new blockchains without building from scratch. ⚡ High Scalability Since tasks are divided, there are no bottlenecks like traditional blockchains. 🔐 Shared Security New chains can join Celestia's security system. 📦 Data Availability Sampling Technology that ensures blockchain data is available and valid.
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💰 Function of TIA Token
TIA token is used for:
Staking (securing the network)
Paying fees for storing data on the network
Voting in Celestia's governance system.
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📈 Brief Tokenomics
Info Detail
Symbol TIA Launched October 2023 (mainnet beta) Initial total supply 1 billion TIA Distribution Community, investors, team, and ecosystem.
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🌐 Who Uses Celestia?
Many Web3 and Layer 2 projects are starting to experiment with Celestia to:
Build rollups
Develop new chains at low cost.
Separate load from Layer 1 like Ethereum.
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🤔 Is Celestia Worth Noticing?
✅ Advantages:
Innovative solution to blockchain scalability issues.
Popular among developers for being flexible and lightweight.
Cutting-edge data availability technology.
⚠️ Disadvantages:
Still relatively new and experimental.
Competition with other modular projects (like EigenLayer, Avail, etc.).
🟡 Benefits of Bitcoin: A Digital Currency that is Changing the World
Bitcoin (BTC) is the first digital currency in the world that operates without intermediaries like banks or governments. Since its creation in 2009 by a person (or group) named Satoshi Nakamoto, Bitcoin has become a symbol of financial revolution. But what are the actual benefits of Bitcoin?
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1. ✅ Decentralization (Not Controlled by Anyone)
Bitcoin is not controlled by central banks, countries, or any institutions. This means:
Cannot be manipulated by the government
Not dependent on traditional banking systems
Suitable for those who seek financial freedom
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2. 🌍 Globally Accessible
As long as you have an internet connection, anyone can:
Send and receive Bitcoin
Store Bitcoin in a digital wallet
Without needing a bank account
This is very helpful for people in developing countries who do not have access to banks.
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3. 🔐 High Security and Privacy
Bitcoin transactions:
Encrypted with blockchain technology
Cannot be altered or deleted
No need to mention your real name (pseudonymous)
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4. 💸 Low International Transaction Fees
Sending money across countries through banks can be expensive and slow.
With Bitcoin:
Transactions are faster (a few minutes)
Fees are lower than Western Union or SWIFT
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5. 📈 Investment Potential and Long-Term Value
Many people buy Bitcoin for investment because:
Its quantity is limited (maximum of 21 million BTC)
Prices tend to rise in the long term (although volatile)
Referred to as “digital gold”
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6. 🔄 Transparent and Open
All Bitcoin transactions can be viewed publicly through the blockchain. But:
Optimism is a Layer-2 blockchain designed to enhance the scalability and efficiency of Ethereum using Optimistic Rollups technology. This technology allows transactions to be processed off the main Ethereum chain (off-chain) to reduce costs and transaction times, while still leveraging the security of the Ethereum network. Transactions are batched together and sent to Ethereum for finalization, assuming transactions are valid unless proven otherwise through a fraud proof mechanism.
The OP token is an ERC-20 standard-based token used for:
Governance: OP holders can participate in the Optimism Collective, a decentralized governance system, to vote on decisions such as protocol upgrades and fund allocations.
Transaction Fees: OP is used to pay transaction fees on the Optimism network.
Network Incentives: Used to reward network participants and support ecosystem development.
💡 5 Unique Facts About Crypto That Are Rarely Known 🔍
1. Bitcoin Can Actually Be Traced Although referred to as "anonymous," all Bitcoin transactions are recorded on the blockchain and can be traced. The difficult part is linking the wallet address to the real identity.
2. The Number of Bitcoins Is Not Really 21 Million Although the maximum supply of Bitcoin is 21 million, most will be lost forever due to forgotten passwords or damaged wallets. It is estimated that more than 3 million BTC are lost!
3. Ethereum Is More Than Just Digital Money Ethereum is more than just a coin. It acts like a “world computer” that can run smart contracts and decentralized applications (dApps).
4. Crypto Can Be Active 24/7 Unlike traditional stock markets that close at night or on weekends, the crypto market never sleeps. Trading can be done anytime, even during holidays!
5. Tokens Can Be Created in Minutes Anyone can create a new crypto token in less than an hour on networks like Ethereum or BNB Smart Chain. But remember: easy to create ≠ has value!