#TrumpMediaBitcoinTreasury Bitcoin is currently consolidating near the $109,000 mark, with intraday fluctuations between $108,291 and $110,387. This stability follows a recent all-time high of $111,814 reached on May 23.
Analysts have mixed sentiments:
Some predict a potential pullback to around $100,000 due to bearish momentum indicators.
Others anticipate a bullish breakout, with projections ranging from $121,845 to as high as $250,000 by year-end, driven by institutional demand and macroeconomic factors.
Leading financial institutions, including HSBC, Bank of America, and Euroclear, are integrating Solana’s blockchain through a partnership with R3. This move signifies a shift towards public blockchain adoption for asset tokenization and faster settlements. #blockchain #SolanaStrong
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Bitcoin Breaks Records and Gains Institutional Support
Bitcoin recently surged to nearly $112,000, fueled by optimism around favorable U.S. regulatory shifts and increasing institutional investment. Major players like BlackRock are boosting their Bitcoin holdings, even as stocks remain flat.
In a surprising move, JPMorgan Chase—despite CEO Jamie Dimon's past criticism of Bitcoin—is now offering clients access to Bitcoin investments. This marks a broader trend of traditional finance embracing crypto.
Cryptocurrency ownership in Singapore dropped from 30% in 2022 to 26% in 2024, reflecting a major sell-off due to market volatility and investor losses. A Gemini survey found that 43% of investors sold their crypto holdings last year, with 30% citing financial losses.
However, the sell-off pace is slowing. In the past six months, only 10% sold their assets, and 70% of former holders are considering reentering the market within a year.
Volatility (40%) and security risks (39%) remain key concerns. Despite this, institutional investors are more optimistic—57% plan to boost crypto holdings in 2025. Additionally, 48% of Singaporean crypto investors aim to increase their Bitcoin exposure, influenced by U.S. spot Bitcoin ETFs.
FIFA has migrated its digital collectibles to an Ethereum Virtual Machine (EVM)-compatible chain, making them cheaper and faster to access. This strategic move enhances the user experience and positions FIFA's NFTs for greater adoption in the digital collectibles market.#Ethereum
German Authorities Seize €34 Million in Crypto Laundering Bust
German authorities shut down a crypto laundering operation linked to the infamous $1.4 billion Bybit hack. The eXch platform, which had operated since 2014, was seized along with €34 million ($38M) in crypto. Investigators say eXch functioned as a swap service with zero AML oversight, enabling billions in shady transfers.
Revolut has partnered with Lightspark to enable Bitcoin payments via the Lightning Network in the UK and select European countries. This integration aims to provide faster and more affordable Bitcoin transactions, marking a significant step in bridging traditional finance with blockchain technology.#BinanceAlphaAlert #MyEOSTrade #SaylorBTCPurchase #CryptoRegulation #MastercardStablecoinCards