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PEPE, a prominent meme coin project, has shown short-term resilience by climbing 3.5% in the past 24 hours, trading at $0.00001110 at press time, as per CoinMarketCap data.

However, this bullish sentiment is overshadowed by larger bearish signals looming over the asset, as a whale’s recent massive CEX deposit hints at potential downside, coupled with a more than 40% drop in the trading volume.

Bull Flag or Bear Trap?

On the daily chart, PEPE has been trading inside a descending channel since May 10. This setup eventually led to a bull flag, a continuation pattern that often follows a strong upward move.

In PEPE’s case, the price spiked from $0.0000079 to $0.000015 before consolidating within the flag between $0.000010 and $0.000014. Notably, indicators suggest that any such breakout won’t come easily.

The Chaikin Money Flow (CMF) currently sits below the zero line, signaling increased selling pressure. This hints that smart money is exiting positions rather than accumulating.

PEPE CMF and BoP Indicators | Source: TradingView

Adding to this bearish weight is the Balance of Power (BoP) reading of -0.52, which underscores a dominance of sellers.

A negative BoP in conjunction with a declining CMF indicates that downward momentum is still very much in play, and bulls will need to defend the critical support at $0.000010 to avoid deeper losses.

Furthermore, a death cross has formed with the 50-day exponential moving average (EMA) dropping below the 20-day EMA, as the dominance of buyers has disappeared from the PEPE price action.

Whale Moves Raise Red Flags

According to TheDataNerd, a wallet labeled 0x6ea deposited 609 billion PEPE tokens (~$6.43 million) into Binance. Despite this large move, the whale still holds a staggering 1.21 trillion PEPE (~$12.77 million).

1 hour ago, a whale 0x6ea deposited 609B $PEPE (~$6.43M) into #Binance

Just now, he still owns 1.21T $PEPE (~$12.77M)

Address:https://t.co/KwoIwhTtL7 pic.twitter.com/XmOt62QDs5

— The Data Nerd (@OnchainDataNerd) June 13, 2025

Such centralized exchange deposits from whales often precede profit-taking or distribution events. This could explain the over 40% drop in trading volume.

RSI, MACD & Fib Levels Paint Mixed Outlook

According to the daily chart below, the Relative Strength Index (RSI) is currently at 47, hovering just below the neutral 50 zone. This suggests lackluster buying momentum and hints at potential continuation of consolidation.

The MACD indicator is also turning neutral to bearish, with the MACD line recently crossing below the signal line. No clear bullish crossover has occurred yet, indicating that any upward thrust could be delayed.

The Fibonacci extension levels show that the price currently rests between the 0.382 level ($0.00001325) and 0.236 level ($0.00001202). A breach below the $0.000010 support could drag PEPE back toward $0.00000888 (Fib 0.5) or even $0.0000079, the start of the last rally.

PEPE RSI, MACD, and Fib levels | Source: TradingView

On the upside, a bullish breakout above the flag could lead to a retest of $0.000016, with Fibonacci extension targets of $0.0000245 (1.618) and $0.0000323 (2.618) on the horizon if momentum picks up.

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Bitcoin Cash (BCH) has shocked the digital asset space, jumping nearly 5% in the past 24 hours to trade around $436.20, according to CoinMarketCap data, after hitting an intraday high of $453.34.

The surge has led to serious excitement among traders, especially as prominent analyst Javon Marks set an eye-popping price target of $1,509. He has maintained this prediction since March earlier this year.

$BCH (Bitcoin Cash) –

Target @ $1,509.89 (Over +226% Upside) https://t.co/KatT2su0Ig pic.twitter.com/11YK1VkIT9

— JAVON⚡️MARKS (@JavonTM1) June 14, 2025

Javon Marks’ $1,509 Target: The Macro Breakout Thesis

Marks shared a chart, highlighting a significant multi-year downtrend that Bitcoin Cash decisively broke out of in 2023. This descending trendline acted as a resistance barrier since mid-2021, capping price rallies and confining BCH to a prolonged bearish phase.

BCH $1,509 Target | Source: Javon Marks

The breakout above this trendline, paired with the declining volume trend, suggests a “spring coil” effect, where price compresses before a major move.

The $1,509 target is a result of historical price symmetry and technical extension zones from previous accumulation patterns. In technical terms, the chart resembles a classic breakout from a rounded bottom formation, which often leads to exponential moves.

BCH has already confirmed a series of higher highs and higher lows since late 2022, validating the uptrend structure.

Technical Indicators Confirm Strength

As per the chart below, BCH’s RSI is sitting around 57.24, with the yellow moving average line at 53.88. This suggests moderate bullish momentum without being overbought — a sweet spot for further upside.

The MACD histogram is positive, and the MACD line (blue) has crossed above the signal line (orange), a clear bullish crossover. This momentum shift typically marks the beginning of a new wave up.

Importantly, this crossover happens on the back of consolidation, which means the breakout has solid backing rather than being a fleeting spike.

BCH MACD and RSI Levels | Source: TradingView

Using the Fibonacci extension tool, BCH has already pierced above the 0.786 retracement level at around $445, with the next immediate target being the 1.618 level at $516.5.

Beyond this, Fibonacci projections suggest resistance levels at 2.618 at $601.9, 3.618 at $687.2, and 4.236 at $739.9. These levels align well with Marks’ ultra-bullish outlook.

Should BCH continue climbing through these Fib extensions, $1,000+ becomes a realistic mid-term target, especially if broader crypto market sentiment remains risk-on.

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The US President, Donald Trump, earned up to $57.4 million in income from cryptocurrencies in 2024. This profit was particularly from his association with World Liberty Financial (WLFI), a Decentralized Finance (DeFi) cryptocurrency venture he supports in collaboration with his sons, Donald Jr. and Eric.

Donald Trump Keeps to His Campaign Promises on Crypto

On June 13, the pro-crypto President filed his 2025 public financial disclosure with the US Office of Government Ethics.

This document contained details of his financial investments and current portfolio, including information about the $57.4 million from his crypto pursuits. So far, President Donald Trump has demonstrated unwavering support for the burgeoning digital asset industry.

From making promises during his campaign to eventually placing structures to facilitate the improvement of the crypto sector, the US President has remained committed. All indicators show that his pro-crypto stance has directed innovations to the US and as such, boosted his earnings.

It is worth noting that the over 200-page filing did not specify the window for the financial disclosure. However, a close analysis of the data suggested that it covered revenues for the 2023 fiscal year. Interestingly, this $57.4 million was one of his most significant sources of income from last year.

What is in Donald Trump’s Investment Portfolio?

Currently, Trump controls about 15.75 billion governance tokens in World Liberty Financial. By holding this much tokens, the politician is entitled to vote on core decisions/proposals within the ecosystem. Meanwhile, the President profited from other digital asset investments, especially those that featured his brand.

The president made $1.16 million in revenue from his Non-fungible Token cards.

Also, his wife, the First Lady of the US, Melania Trump, earned $216,700 from a similar product featuring her brand. Forbes recently reported that  Donald Trump has successfully amassed up to $1 billion in cryptocurrencies, further supercharging his net worth. He also has $900 million of liquid assets, with half of this amount from his crypto pursuits.

There is a high probability that Trump made more income from cryptocurrencies, considering that the report said nothing about his revenue from TRUMP, the memecoin launched a few months ago.

According to earlier reports, the TRUMP token generated between $86 million and $100 million by January 30. A substantial percentage of this capital must have gone to the President.

More Crypto Investment Involving Trump

His crypto empire is expanding, which may bring him more profits in the coming years. On June 3, NYSE Arca filed a Form 19b-4 with the US Securities and Exchange Commission (SEC) to list the Truth Social Bitcoin Exchange Traded Fund (ETF). According to the filing, the proposed ETF seeks to track the spot price of Bitcoin.

It aims to expose investors to the top cryptocurrency without holding it directly. The fund is associated with President Donald Trump’s media company, Trump Media & Technology Group (TMTG).

On the other hand, a new TRUMP Wallet was touted on the internet a few weeks ago, generating massive attention. While many crypto enthusiasts believe this wallet was from the president’s crypto venture, Trump’s sons immediately denied their involvement with the enterprise.

People like Ripple CTO David Schwartz think there is a possible connection between the Trump family and the incoming Trump Wallet.

💰TRUMP’S $57M DEFI WINDWALL

Donald Trump disclosed $57.4M in income from World Liberty Financial, a crypto venture he backs with sons Don Jr. and Eric.

He holds 15.75B governance tokens with voting rights — but the filing doesn’t say if he sold, staked, or just valued them… pic.twitter.com/OjflNLbXwv

— Alpha (@the_alpha_dev) June 14, 2025

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Ethereum Foundation announced that it would be donating $500,000 to support the legal defense of Tornado Cash founder Roman Storm. Storm is currently facing charges over allegations that he was running the crypto mixing services at Tornado Cash as an unlicensed money transmitter.

Ethereum Foundation to Match Crypto Community Donations

Apart from pledging the $500K, the Ethereum Foundation said that it would it would also match up an additional $750K in donations that come in the crypto community. In a message on the X platform, the Foundation wrote:

“The EF is donating $500K to the legal defense of Roman Storm, and we will match up to a further $750K in donations from the community. Privacy is normal, and writing code is not a crime.”

The trial of Roman Storm will begin on July 14 in New York, as he faces charges of money laundering, conspiracy to violate US sanctions, and conspiracy to operate an unlicensed money transmitter.

Interestingly, this hearing comes as the crypto regulatory landscape in America is undergoing a major shift with some crypto-friendly policies of the Trump administration. But despite positive developments, CFTC chair Caroline Pham said they won’t leave a loose end in addressing criminal activities.

Roman Storm’s legal team moved to dismiss all charges last December 2024 after a judge ruled that the U.S. Treasury’s Office of Foreign Assets Control (OFAC) had overstepped its authority by sanctioning Tornado Cash’s smart contracts. Earlier this year, virtual capital firm Paradigm also invested $1.25 million in the legal defense of the Tornado Cash Founder.

Tornado Cash Founder Says DoJ Blocking Key Witnesses

Roman Storm stated that the U.S. Department of Justice (DOJ) is obstructing his defense by rejecting five out of six expert witnesses he proposed for his upcoming trial.

Among the witnesses, blockchain expert Matthew Edman was the only one partially accepted. However, Storm claimed the DOJ imposed severe restrictions on Edman’s testimony. This further limits his ability to provide critical insights on blockchain technology. He said that the DoJ is planning to put an end to the decentralized finance (DeFi) market. In a message on the X platform, Storm noted:

😔💔 I’m Roman Storm. I poured my soul into Tornado Cash—software that’s non-custodial, trustless, permissionless, immutable, unstoppable. In 31 days, I face trial. The DOJ wants to bury DeFi, saying I should’ve controlled it, added KYC, never built it. SDNY is trying to crush…

— Roman Storm 🇺🇸 🌪️ (@rstormsf) June 13, 2025

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As Israel launched a military strike on Iran in the late hours of June 12, the global risk assets saw a major drop in their values. According to the data by CoinMarketCap, Bitcoin BTC $105 343 24h volatility: 2.1% Market cap: $2.09 T Vol. 24h: $53.23 B price plummeted  2.5% to $104,937 at the time of writing.

The sell-off erased nearly $170 billion from the market cap of the world’s largest cryptocurrency, which now sits at $2.08 trillion. The move triggered mass liquidation as traders sought refuge amid rising uncertainty.

Interestingly, the Binance BTC Net Taker Volume hit -$197 million, the lowest since June 6. This metric reveals a flood of aggressive sell orders, confirming widespread fear. Funding rates also plunged into negative territory on Binance Futures, suggesting short sellers are now paying a premium to hold their positions.

Notably, past events of similar sell-side imbalances have often marked short-term bottoms. Earlier this month, BTC recovered 4% within 24 hours of a similar capitulation.

CryptoQuant CEO Ki Young Ju noted that despite the short-term dips, long-term holders accumulated over 881,000 BTC in the past month.

#Bitcoin long-term holders added 881,578 BTC over the past 30 days. pic.twitter.com/0503O8acpm

— Ki Young Ju (@ki_young_ju) June 13, 2025

This aligns with ETF inflow data. More than $970 million has entered US-listed Bitcoin ETFs in the last three days.

Analysts on X suggest that stablecoin reserves are high and social sentiment is at a 7-month peak. They hint that the market may be bracing for a bullish reversal.

BTC Price Outlook

On the 4-hour BTC price chart, the RSI is hovering near 37, signaling Bitcoin is approaching oversold territory, which may attract dip buyers. If Bitcoin manages to close above the $105,000 level, traders could see a short-term rally to $107,500.

BTC price chart with RSI and Bollinger Bands. Source: TradingView

Meanwhile, the price is testing the lower Bollinger Band around $104,387. A rebound above the mid-band resistance (20-day SMA) of $107,963 would confirm a bullish reversal.

The MACD is flashing bearish momentum, with the MACD line below the signal line. The declining histogram bars suggest further downside unless a crossover occurs. If BTC fails to hold support near $104,800, the next key level lies at $102,500.

BTC price chart with MACD. Source: TradingView

BTC Bull Presale Gains Momentum as BTC Eyes Rally

As Bitcoin navigates the market uncertainty, BTC Bull ($BTCBULL), a distinctive meme coin, is capturing significant attention. This project is notable for its simple yet impactful approach: aligning its value with Bitcoin’s upward trajectory.

About BTCBULL: Use Case and Tokenomics

The BTC Bull ecosystem’s native token, BTCBULL, presents a unique milestone-based presale opportunity that is directly correlated with Bitcoin’s performance.

For every $25,000 increase in Bitcoin price within the range of $100,000 to $250,000, BTCBULL holders become eligible for new rewards. These incentives include deflationary token burns and Bitcoin airdrops, designed to foster community engagement and enthusiasm.

The ultimate milestone of a major BTCBULL airdrop is set for when Bitcoin reaches $250,000.

BTCBULL Presale Details:

Current price: $0.00256

Funds raised: $7.1 million

Ticker: BTCBULL

Payment options: ETH, USDT

The crypto presale has already secured an impressive $7.1 million, progressing towards its $8.15 million target. Investors can expect a value increase for BTCBULL in less than 17 days.

Investors believing in Bitcoin price surge can add BTC Bull to their list of projects with future potential.

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Ethereum ETH $2 547 24h volatility: 7.9% Market cap: $307.57 B Vol. 24h: $37.19 B experienced a sudden flash crash on Friday, plunging below the key $2,600 support level to trade around $2,518 at press time.

The drop wiped out nearly 8.2% of ETH price in just 24 hours, slashing over $28 billion from its total market capitalization.

The sharp price decline triggered a wave of liquidations on Binance, particularly in the $2,650–$2,430 range. This area saw major long position buildups, especially after ETH briefly touched $2,800 earlier in the week.

Smart Money Coming In

As the price tumbled, a chain reaction of stop-loss activations and liquidation orders intensified the downtrend. While retail traders exit their positions, several whales are buying aggressively.

According to on-chain data from LookonChain, the entity, possibly linked to Ethereum software developer ConsenSys, bought 2,825 ETH (worth $7.48 million) shortly after the crash.

The whale/institution (probably linked to ConsenSys) bought another 2,825 $ETH($7.48M) through OTC 4 hours ago.

They have received a total of 160,736 $ETH(421M) in the past 2 weeks, with an average cost of ~$2,620. https://t.co/2uJ5ZvdW06https://t.co/aEusSJqeea pic.twitter.com/6kOsasvYJC

— Lookonchain (@lookonchain) June 13, 2025

They have obtained a total of 160,736 ETH (worth $421 million) in the past two weeks, with an average buy-in around $2,620.

Early Friday morning, another whale scooped up 48,825 ETH ($127 million) from Coinbase and Wintermute at an average price of around $2,600. This whale is reportedly already sitting on $30 million in profits from earlier ETH trades.

While the crowd panic-sells $ETH, this whale – who’s already made ~$30M profit on $ETH – is buying $ETH crazily.

Over the past 8 hours, he’s bought 48,825 $ETH($127M) from Coinbase and Wintermute at an average price of $2,605.https://t.co/7eUZQPGfROhttps://t.co/SHASXyPST1 pic.twitter.com/r7VZMz12tV

— Lookonchain (@lookonchain) June 13, 2025

Despite the sharp downturn, Crypto Rover, a popular crypto analyst on X, suggests that ETH may still be in a phase of consolidation on higher time frames.

Notably, the second-largest cryptocurrency continues to trade within a parallel channel that’s been forming since May.

$ETH still looks strong here. pic.twitter.com/tM5AKlhli6

— Crypto Rover (@rovercrc) June 13, 2025

The analyst predicts a potential rally to $4,000 in the near term, provided ETH regains key resistance zones.

ETH Price Outlook

On the daily ETH price chart, the RSI indicates neutral momentum with a slight bearish tilt after the recent drop. It has not yet reached the oversold region, suggesting room for further downside if selling pressure continues.

However, if ETH manages to reclaim the $2,600–$2,750 zone, it would signal renewed strength, with a major resistance at $2,900.

ETH price chart with RSI and Bollinger Bands. Source: Trading View

Bollinger Bands have expanded and the price has broken below the middle band (20-day SMA) at $2,592, pointing to increased bearish momentum. A close below the lower band ($2,401) could lead to a drop to the next support at $2,250.

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American crypto entrepreneur and investor, Anthony Pompliano, is reportedly preparing to launch a new Bitcoin BTC $105 343 24h volatility: 2.1% Market cap: $2.09 T Vol. 24h: $53.23 B investment vehicle with a fundraising target of $750 million. 

According to Financial Times, Pompliano is in talks to lead ProCapBTC, a Bitcoin-focused Special Purpose Acquisition Company (SPAC), as its CEO. The proposed initiative would see ProCapBTC merge with Columbus Circle Capital 1, a publicly listed blank-check company. 

Under the plan, ProCapBTC would raise $500 million in equity and an additional $250 million through convertible debt. Sources say the deal could be formally announced as soon as next week, although final terms are still being negotiated.

Columbus Circle Capital 1 was established with the purpose of identifying and merging with innovative, high-growth companies. It completed a $250 million IPO in May and is backed by Cohen & Company, a New York Stock Exchange-listed investment bank.

Cohen & Company, through its broker-dealer arm JVB Financial Group, has built a growing footprint in digital asset finance. 

The firm has provided advisory, tax, and audit services to players in the cryptocurrency industry, including decentralized finance protocols, NFT marketplaces, and token issuers.

If confirmed, this new Bitcoin vehicle would expand Cohen & Company’s crypto involvement, signaling strong institutional interest in Bitcoin.

Pompliano Doubles Down on Bitcoin Strategy

The development comes on the heels of Pompliano’s previous venture, ProCap Acquisition, another SPAC that listed on Nasdaq in May with a fintech focus. 

His leadership at ProCapBTC reinforces his continued commitment to accelerating Bitcoin adoption through structured investment platforms.

Pompliano has long advocated for Bitcoin to be treated as a strategic reserve asset by both private and public institutions. In 2024, he publicly explained that the global race for sovereign Bitcoin accumulation had already begun, and stressed that the United States must move quickly to stay competitive.

The crypto investor also states that the price predictions don’t matter for Bitcoin. He believes that Bitcoin is going to keep going up until the governments stop printing money.

If finalized, the ProCapBTC-SPAC merger could emerge as a major driver in bringing institutional capital into Bitcoin.

Bitcoin recently dropped 2.5% to $104,937 amid geopolitical tensions, with Binance experiencing heavy sell pressure of -$197 million. Despite this volatility, BTC ETFs have seen $970 million in inflows over the past three days, signaling strong investor interest.

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The era of stablecoins has successfully reached the doorsteps of top merchandise platforms Amazon.com Inc (NASDAQ: AMZN)  and Walmart Inc (NYSE: WMT). According to the Wall Street Journal (WSJ), both firms are considering the possibility of issuing stablecoins backed by the United States dollar.

Handing Liquidity from TradFi to DeFi With Stablecoins

With this stablecoin move, multinational companies Amazon and Walmart aim to streamline e-commerce and cross-border payments. They want to drive the massive volume of cash and card transactions that they handle into the Decentralized Finance (DeFi) sector.

Amazon recorded $638 billion in annual revenue in 2024, while its global e-commerce sales topped $447 billion. Similarly, Walmart’s global e-commerce sales exceeded $100 billion in 2023, accounting for 17.8% of the company’s yearly total sales.

Adopting stablecoin for their payments move could relegate the Traditional Finance (TradFi) system, especially if it fails to integrate blockchain technology. Though this move may impact the TradFi sector, customers of these American companies will save billions of dollars in transaction fees by utilizing stablecoins.

Also, they would enjoy more instant settlements in seconds, unlike conventional payment gateways, which take longer. Both companies are still exploring the possibility of stablecoin issuance as they have not made any official announcement to this effect. However, the move reflects mainstream recognition of crypto prospects.

Apple, a global tech company, and Airbnb are allegedly considering corporate issuance of stablecoins for payment. Earlier this week, French financial services giant Societe Generale announced the launch of USDCV, its USD-pegged stablecoin through its crypto subsidiary Societe Generale-FORGE.

As with most stablecoins, USDCV is designed to deliver frictionless entry into the stablecoin ecosystem. It facilitates round-the-clock exchanges between traditional currencies and digital dollar or euro equivalents and provides the company with instant transaction settlement in both US dollars and euros.

Stablecoin Regulation Takes Shape in the US

This pivot towards stablecoin adoption is noteworthy because it indicates the improving regulatory framework in the United States, among other jurisdictions. The broader crypto industry has been advocating for Congress to pass the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS ACT) soon.

This GENIUS Act bill is designed to implement strict anti-money laundering (AML) and know-your-customer (KYC) protocols. It also requires that issuers maintain 1:1 reserves backed by US dollars. In addition to these features, it brings a layer of federal supervision for large issuers with a market cap exceeding $10 billion.

US lawmakers have been working on the GENIUS Act for several weeks, but not without some challenges. In May, crypto-friendly Republican Senator Cynthia Lummis hinted at the possibility of passing the GENIUS Act for US-based stablecoins on Memorial Day, May 26. However, this timeline did not work.

The US Senate successfully advanced the stablecoin bill with a 62-32 procedural vote. The GENIUS Act finally advanced in the US Senate earlier this week, with the final vote scheduled for June 17.

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In the past 24 hours, the broader cryptocurrency industry has seen 241,696 traders suffer liquidations, with the dollar amount hitting $1.14 billion.

Bitcoin BTC $105 343 24h volatility: 2.1% Market cap: $2.09 T Vol. 24h: $53.23 B , Ethereum ETH $2 547 24h volatility: 7.9% Market cap: $307.57 B Vol. 24h: $37.19 B , Solana SOL $146.7 24h volatility: 8.1% Market cap: $77.42 B Vol. 24h: $6.95 B , and XRP XRP $2.15 24h volatility: 4.4% Market cap: $126.32 B Vol. 24h: $4.08 B were mainly affected by the turn of events, with long traders taking the bigger hit.

Bitcoin Leads Long Traders Crypto Liquidations

According to CoinGlass data, the largest single liquidation order occurred on Binance, involving the BTCUSDT pair and valued at $201.31 million.

Over the past 24 hours, Bitcoin liquidations totaled $444.41 million, with long traders who had bet on a price rise bearing the brunt of the losses.

This category of traders recorded about $415.73 million in liquidation, while their short bet counterparts managed $28.68 million. For Ethereum, the case was not so different.

Ethereum long traders suffered liquidation of $240.79 million, and short traders recorded $56.87 million. Altogether, the total Ethereum liquidation in 24 hours came in at $297.66 million.

Solana recorded up to $52.73 million in crypto liquidations, with long traders bearing the larger brunt.

XRP liquidations were capped at $22.77 million, and like the others, long traders’ $21.14 million were liquidated, and short traders lost only $1.63 million. Other digital currencies like DOGE DOGE $0.18 24h volatility: 6.6% Market cap: $26.47 B Vol. 24h: $1.97 B , WIF WIF $0.82 24h volatility: 12.9% Market cap: $822.45 M Vol. 24h: $569.29 M , and AAVE AAVE $284.9 24h volatility: 5.2% Market cap: $4.31 B Vol. 24h: $1.12 B also had traders liquidated.

The liquidation heatmap shows Bitcoin leading the crypto selloff, which makes sense as most digital assets move in line with Bitcoin’s price.

Recently, Bitcoin’s price dropped below $105,000, erasing nearly $170 billion from its market capitalization.

The flagship cryptocurrency has recovered slightly since this price dip. Bitcoin was trading at $105,291.77 at press time, however it is still 1.56% lower than 24 hours ago.

Snorter Bot Presale Heats Up, Join the Telegram Crypto Sensation

While the broader crypto market is experiencing bearish downturns, Snorter Bot has presented a good distraction. The Solana meme coin, designed in the likeness of an adventurous aardvark, blends playful charm with real crypto trading prowess.

Powered through Telegram, this project is touted as the best crypto trading bot, thanks to its ability to help users spot rare market opportunities.

The Snorter Bot Advantage

Snorter Bot digs through market data and provides real-time insights and convenient trading features on Telegram.

With multi-chain push coming in the future, early adopters might have unlocked one of the best crypto projects set to overhaul on-chain trading.

Current Presale Stats:

Current Price: $0.0951

Amount Raised So Far: $879,645

Ticker: $SNORT

Operating Platform: Telegram

The SNORT presale is still open for nearly two more days. Payments can be made by card or cryptocurrency, especially Solana.

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Despite Bitcoin’s [NC] price dropping from $110K to below $103K earlier today, its dominance continues to rise, casting doubt on the likelihood of an altcoin season anytime soon.

With the escalating Iran-Israel conflict recently, Bitcoin and the broader crypto market faced heavy liquidations topping over $1 billion.

However, with Bitcoin correcting 5% to under $105K, altcoins faced an even bigger correction with Ethereum [NC], XRP [NC], Dogecoin [NC], and Cardano [NC], falling between 5-10% each. This has pushed the Bitcoin dominance (BTC.D) even higher by another 1.4% today.

At the time of writing, BTC dominance has risen from 63.8% to 64.7%, further dampening hopes for the long-anticipated altcoin season.

Is the Altcoin Season Delayed?

Although discussions around the altcoin season have gathered steam, there’s not enough catalyst for a strong bull run. Several analysts had predicted a drop in BTC dominance (BTC.D) as a potential signal for the start of an altcoin season.

However, popular crypto analyst Merlijn The Trader cited a similar technical setup to 2021, which increases some hope.

He has drawn parallels between the market dynamics of 2021 and the current trends in 2025, suggesting that a new altcoin season may be on the horizon.

Reflecting on the double fakeout that marked the start of the 2021 altcoin season, Merlijn noted, “Every altcoin 10x’d after that.” He added that the same pattern is emerging this year: “Same fakeout. Same structure. This isn’t a coincidence. It’s a setup.”

Altcoin Season 2021 started with a double fakeout. What followed? Every altcoin 10x’d.

Now look at 2025… Same fakeout. Same structure.

This isn’t a coincidence. It’s a setup.

Altseason 2025 is loading. This time, utility is the ticket in. pic.twitter.com/cj1W8EoDTJ

— Merlijn The Trader (@MerlijnTrader) June 13, 2025

Merlijn emphasized that while past altcoin seasons were driven by speculation, the 2025 rally will hinge on utility. “This time, utility is the ticket in,” he stated.

Data from Coinglass showed over $600M in crypto liquidations, with $500M in longs, as altcoins led a market-wide selloff amid rising macro concerns.

Will Bitcoin Continue to Dominate?

Benjamin Cowen, CEO and Founder of Into The Cryptoverse, has observed a decline in the ALT/BTC ratio, dropping from 0.34 in early May to 0.32. Cowen further predicts that altcoins could face additional losses, with the ratio potentially falling to 0.25 over the long term.

#ALT / #BTC pairs have now hit 0.32, which seemed like the most obvious short-term target.

I still think the eventual target is 0.25, but it has been a long journey. https://t.co/emJMFpeMx9 pic.twitter.com/9vkzXmkPol

— Benjamin Cowen (@intocryptoverse) June 13, 2025

The analyst highlighted that most altcoins enjoy only brief periods of success, with few managing to retain a spot in the top five or ten rankings across multiple market cycles.

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In his regular quest to improve the Ethereum blockchain, co-founder Vitalik Buterin has devised a proposal that could improve the network’s quantum security. This time, the network co-founder examines how a “Lean Ethereum” roadmap may be utilized.

Lean Ethereum to Deliver Security, Simplicity, and Optimality

Buterin sat with researcher Justin Drake during a breakout session at the Forschungsingenieurtagung conference in Berlin to discuss the concept of Lean Ethereum. This framework aims to deliver security, simplicity, and optimality.

According to an X post from researcher Thomas Coratger, the roadmap could address the challenge of Layer-1 complexities while improving security. He went on to highlight how the roadmap requires post-quantum-ready signatures and reworked data availability. These features are crucial to guarding the ledger against future cryptographic threats.

1/ 🧵 What is lean Ethereum and why is it gaining momentum?

At Forschungsingenieurtagung in Berlin, @VitalikButerin and @drakefjustin laid out a bold vision for a simpler, more optimal Ethereum.

Here’s a deep dive into their R&D breakout session 👇

— tcoratger (@tcoratger) June 12, 2025

The simplicity would result from slimming down the consensus, execution, and data layers. All these will provide new contributors with an avenue to audit code without steep learning curves. Meanwhile, optimality is necessary to achieve lower latency and overhead, an outlook that can keep Ethereum competitive while it holds strongly to its decentralization.

While the Lean Ethereum roadmap looks promising, it remains a research framework without a scheduled hard fork proposal. Ethereum core developer teams are refining design documents and prototype features such as mini-3SF and evaluating trade-offs in working group calls.

ETH [NC] price has not recorded a significant gain despite Buterin’s proposal. For a coin trading at $2,700 two days ago, Ethereum has experienced a relapse and is now valued at $2,519.43.

This price outlook has not stopped Ethereum from overtaking Bitcoin in terms of contract trading volume. Data suggests that ETH contract volume soared past $111 billion on June 11, eclipsing BTC’s $87.5 billion.

Shares of SharpLink Gaming Drop by 70%

Amid these conversations and amendments, Ethereum treasury company SharpLink Gaming (SBET) has seen its shares plunge by over 70% in overnight trading. The dip took the SBET shares to around $10.55, a massive plunge from their peak price of $124.

This move reflects market volatility among other factors.

This was shortly after the company filed an S-3 registration statement with the United States Securities and Exchange Commission (SEC). Through the filing, it requested approval to sell securities in the future.

The proposal to sell covers nearly 59 million shares of common stock, all of which are likely to be sold to existing investors. These are shares from pre-funded warrants, strategic advisor warrants, placement agent warrants, and other shares from a private placement.

Consensys CEO Joseph Lubin explained that this move does not mean SharpLink Gaming is selling many of its shares. It only allows existing investors to resell their shares if they want to. He emphasized strongly that this is a regulatory filing following private investment in public equity (PIPE), where the company raised $425 million.

Therefore, it should not be regarded as an indication of actual sales that are about to take place. Despite the explanation, the massive share selloff shows investors are worried about the broader impact on the firm and on ETH.

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In the ongoing SEC vs Ripple lawsuit, both parties submitted a joint motion on June 12 for an injunction to validate the $125 million settlement agreement. The filing comes ahead of the June 16 deadline, as requested by Judge Analisa Torres. Despite the rejection of the joint motion the last time, XRP XRP $2.15 24h volatility: 4.0% Market cap: $126.25 B Vol. 24h: $3.90 B lawyer Bill Morgan stated that he believes the judge would grant the motion anyway.

Ripple Lawsuit Has New Motion Filing From Both Parties

As per the latest filing, Ripple and the SEC have jointly requested the Manhattan District Court to lift the injunction in their prolonged legal dispute and release the $125 million civil penalty currently held in escrow. According to the settlement proposal, $50 million would be allocated to the SEC, while the remaining funds would be returned to Ripple.

In the filing addresses to Judge Analissa Torres, Ripple and the SEC cite “exceptional circumstances” to support their motion. These include the settlement agreement, the SEC’s evolving crypto policy, and a mutual interest in avoiding further litigation.

Market experts have weighed in on this regard. XRP lawyer Bill Mirgan has shared his views on the settlement agreement.

XRP Lawyer Bill Morgan on Ripple-SEC Settlement Motion

Lawyer Bill Morgan has highlighted key details from the joint motion filed by Ripple and the SEC. The motion argues that “exceptional circumstances” justify modifying the judgment to facilitate the settlement. This includes reducing the fine and dissolving the permanent injunction, which are necessary conditions of the agreement.

Morgan explained that if Judge Analisa Torres rejects the motion, the settlement cannot proceed as agreed, leaving both parties to resume the appeals and cross-appeals process. Without approval, the litigation would continue.

Just reading today’s Ripple and SEC joint motion to judge Torres over lunch. It does not become stronger and more impressive the more you read it. I just have a feeling she’s going to grant the motion anyway.🤷

— bill morgan (@Belisarius2020) June 13, 2025

On the other hand, attorney Fred Rispoli expressed concerns over the latest Ripple-SEC joint motion, criticizing its lack of depth and strategic finesse. He noted that Judge Analisa Torres’ previous rulings suggested frustration with the SEC, yet the filing failed to address this sentiment effectively.

Rispoli expected a detailed motion addressing the SEC’s regulatory shortcomings. Instead, he described the filing as insufficient, with only a brief mention of SEC dismissals and its crypto task force.

While the legal foundation is sound, Rispoli doubts the motion will sway Judge Torres, calling it a rare misstep by Ripple’s legal team. However, he remains cautiously optimistic that the judge may decide to conclude the case.

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Caroline Pham, the chairman of the US Commodities and Futures Trading Commission (CFTC), warned that the agency won’t be going easy on the crypto industry just because the Trump administration is introducing pro-crypto policies in place.

While speaking at the Coinbase Annual Summit on June 12, Pham stated that she was happy to end the “regulation by enforcement” approach in the crypto industry, from the previous SEC chair Gary Gensler’s era. Instead, she stated that CFTC would be focusing on “catching fraudsters and scammers in our markets.”

She also warned anyone willing to twist the law or criminalize the crypto asset class or the blockchain technology. “I’m talking about lying, cheating, and stealing,” said Pham. The CFTC Chair told Yahoo Finance:

“There is no easy street for anybody, and regulators aren’t easy. Just because we are pro-innovation and pro-growth does not mean that you’re going to be able to get away with breaking the law.”

CFTC Chair on Crypto Adoption and Biden Government Policies

During her discussion with Yahoo Finance executive editor Brian Sozzi, CFTC Chair Caroline Pham shared her previous talk about “uberizing crypto”. Pham explained that the goal is to integrate digital assets so deeply into daily life that banning or criminalizing them becomes politically unfeasible, much like how Uber has become too entrenched to be easily shut down.

“When something becomes so big, so accepted, so part of our lives, you can’t really take it away then. The public, the people, voters, they won’t let you,” the CFTC chair said.

Furthermore, Caroline Pham also took a jab at the Biden administration stating that they went beyond the law on crypto. She further stated that the same approach also harmed forex markets and traditional derivatives.

“When we start to change the rules for […] global derivatives markets because we’re trying to be creative and ‘flex it’ to go after what we perceive to be bad or evil – crypto or blockchain – that is really breaking the fabric of our global markets,” said the CFTC chair.

On matters of crypto regulations, both the SEC and CFTC discussed working together on the rallies earlier this year.

Crypto CLARITY Act Advances in the US

Earlier this week on June 10, the House Financial Services Committee approved the Digital Asset Market Clarity (CLARITY) Act, in a 32-19 vote to advance the crypto market structure bill. The Act will now move to the Senate floor for further approval before it becomes the law.

If passed, the bill would define regulatory authority over crypto, potentially granting greater oversight to the CFTC while clarifying the SEC’s role.

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The broader cryptocurrency industry is excited about XRP price’s XRP $2.24 24h volatility: 2.4% Market cap: $131.65 B Vol. 24h: $2.09 B next move. EGRAG CRYPTO, a popular crypto analyst, has weighed in on the matter, hinting at a potential modest but intriguing price gain for the Ripple-associated crypto asset. However, this was not without a twist that could defy the market’s conventional expectations.

Is $27 Price Action Possible for XRP?

On June 12, EGRAG took to X to share a detailed technical analysis of XRP’s future outlook and price performance. He is convinced the coin has a potential to enter a bullish season and hit a new high. His technical analysis hinges on the crossover of the 21-day Exponential Moving Average (EMA) and 33-day Simple Moving Average (SMA).

The analyst believes that this approach holds great prospects for identifying key trend shifts for XRP. Unfortunately, it has long been ignored, hence its underutilization in the crypto market. Based on historic data, a bearish crossover is usually observed when the 21 EMA drops below the 33 SMA, and this usually precedes a significant correction.

https://twitter.com/egragcrypto/status/1933096392286736619

At the same time, EGRAG CRYPTO identified a one-time anomaly where the 21 EMA avoided a bearish crossover with the 33 SMA. This eventually gave rise to a 1,200% rally in XRP price. Should this same “anomaly” repeat itself, he said XRP could go as high as $27. Notably, the price of XRP is currently at $2.23 after losing 2.69% of its price gain within 24 hours.

If XRP does not secure a 1,200% rally but rather a 600% rally, the analyst said the coin’s price will still hit $13. If it captures just a quarter (300%) of the expected surge, the XRP price will trade at $6.70, a modest growth from its current market value.

However, XRP has failed to react to the happenings within the Ripple ecosystem over the past few days. This is dampening short-term expectations

The twist to EGRAG’s bullish projection is the timing and sustainability of the potential XRP price rally. Although the analyst thinks that the epic, fast, and short-lived move will have crypto enthusiasts thinking that XRP “will never go back,” he claims historic data says otherwise.

As a result, EGRAG asked investors to exercise caution and avoid panic-selling or over-optimism.

Introducing Bitcoin Hyper, Don’t Miss Out!

Touted as the first Bitcoin Layer-2 chain, Bitcoin Hyper presale is currently live. There are prospects that this token can power the fastest layer in Bitcoin history. Amongst many things, Bitcoin Hyper finally unlocks fast and cheap Bitcoin transactions, from payments, memecoins, to Decentralized Applications (dApps).

According to the Bitcoin Hyper website, the pre sale crypto has raised up to $1,148,506.83, and users have a few hours more before the price increases from $0.01185.

Current Presale Stats:

Current price: $0.01185

Amount raised so far: $1.1 million

Ticker: HYPER

Purchases can be made using either a card or crypto assets. Bitcoin Hyper may mark a new era for scalability and security within the BTC blockchain.

In terms of its tokenomics, about 25% of the tokens have been designated for business development and community activation.

Also, 20% goes to viral marketing, 15% to the community, 10% to exchange listing, and 30% to development and improvement.

With a 116% staking yield and a focus on scalability through hybrid-chain infrastructure, the project is more than another presale. It offers a glimpse into the next wave of blockchain innovation.

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San Francisco-based Ripple Labs Inc. is preparing to repurchase shares from stakeholders at $175 per share. To this end, it has announced a $700 Mellon tender offer. This move reflects the company’s financial strength in the market and growth ambition, as seen in Ripple’s CEO, Brad Garlinghouse’s email to stakeholders.

Ripple Moves From $125 to $175 per Share

According to the email, the tender offer launched on June 10 and will run for one whole month, closing July 9 at 5 p.m. PDT. Brad Garlinghouse went on to talk about how well-positioned Ripple is now. He reinstated his confidence in the firm’s momentum and current trajectory. Members with eligible vested stock options or shares can participate in the sales.

The email clarified that the $175-per-share offer represents a 135% premium over Ripple’s most recent secondary market pricing on platforms like Hyve. These shares last traded at around $74 to $75 on Hyve. Prominent investor Jeremy Raper, who also received the email from the Ripple CEO, noted that the latest move is a strong sign of Ripple’s confidence in its growth trajectory.

Not a bad email to wake up to…Ripple Labs buying back 3-5% of the co at $175/share…last traded prices on Hyve were $74-75, so a nice little 135% premium…

More thoughts to follow. I own Ripple (the co, not $XRP) outright, as well as derivative plays on Ripple… pic.twitter.com/OmTgTthRDI

— Jeremy Raper (@puppyeh1) June 10, 2025

In January, the blockchain payments firm made a similar tender offer at $125 per share. Comparing this previous offer to its new proposal, the company has significantly raised the price and size of its buyback. At $175 per share, Ripple’s implied valuation will be around $25 billion.

Meanwhile, the transactions will be facilitated via the Nasdaq Private Market.

Ripple’s balance sheet shows that the company holds $3.7 billion in cash, no debt, and 41 billion XRP. Altogether, this holding is valued at approximately $94.6 billion at market value. If it is discounted by 50%, the massive holding is still worth $47 billion.

Ripple has a rule of locking a significant percentage of its XRP in escrow at the beginning of every month. As a result, up to 36.2 billion XRP of Ripple’s holdings are now in escrow, while the remainder are in spendable balances.

The firm has up to $600 million in other investments and allegedly secured about $1 billion in Earnings Before Interest and Taxes (EBIT) last year, indicating strong operational profitability.

Is Ripple IPO Under Development?

It is worth noting that this $700 million tender offer creates a soft landing for an Initial Public Offering (IPO). However, Ripple has clarified it will not explore it anytime soon.

Amid Ripple’s lawsuit with the United States Securities and Exchange Commission (SEC), it looked like an IPO would follow. Even SBI Holdings CEO Yoshitaka Kitao stated that preparations for a Ripple IPO would begin soon after the final settlement of the SEC lawsuit.

However, the storyline changed recently when Garlinghouse announced that the company is more focused on acquiring complementary companies. He suggested that an IPO is not a priority for Ripple now.

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Solana SOL $159.8 24h volatility: 4.0% Market cap: $84.17 B Vol. 24h: $4.20 B is trading around $159.5, down 3.84% over the past 24 hours. The dip coincides with DeFi Development Corp’s withdrawal of its $1 billion fundraising plan for Solana purchase.

Notably, the U.S. Securities and Exchange Commission (SEC) recently flagged DeFi Development Corp’s Form S-3 filing as ineligible. The company failed to include a required management report on internal controls over financial reporting.

Despite the regulatory hurdle, the company confirmed that it plans to refile using a resale registration statement at a later date. It had previously outlined its intention to use the proceeds to accumulate more Solana tokens.

DeFi Development Corp has already amassed over 609,000 SOL, worth nearly $97 million, with its last reported purchase occurring at an average price of $139.66.

Long-Term Optimism

Despite the short-term sell pressure, market sentiment around Solana remains broadly optimistic. SOL appears to be breaking out of a week-long ascending triangle pattern that had capped its price at $155.2.

According to crypto analyst Ali Martinez, if this breakout sustains, the price could rise to $164 in the near term.

$164! ✅ https://t.co/MZdk5iFPro

— Ali (@ali_charts) June 11, 2025

The long-term bullish outlook for Solana is also supported by increasing institutional demand. Multiple asset managers, including Grayscale, VanEck, Bitwise, and 21Shares, have filed for spot Solana ETFs.

Bloomberg analyst Eric Balchunas recently raised the probability of a 2025 Solana ETF approval to 90%, citing SEC’s proactive stance. Crypto commentator Santolita noted that such a green light could “trigger a full-blown altseason.”

Bloomberg just dropped updated odds for upcoming spot crypto ETFs:

• $LTC — 90%• $SOL — 90% (raised from 70% 👀)• $XRP — 85%• $DOGE — 80%

If these go live, it’s not just bullish, It’s a full-blown altseason trigger 🔥

I hope you’re stacking $LTC pic.twitter.com/iyeKitkohN

— Santolita (@SantoXBT) June 12, 2025

SOL price Outlook

On the daily SOL price chart, the Bollinger Bands are tightening, suggesting reduced volatility and a potential breakout. The price is hovering just below the midline (20-day SMA) at $160.95. If SOL fails to maintain this support, it could see a drop to the lower band at $141.

SOL price chart with RSI and Bollinger Bands | Source: Trading View

The RSI is currently sitting in a neutral region, indicating market indecision but sufficient room for upside. A decisive daily close above the $160 resistance could lead the sixth-largest cryptocurrency to rally towards $180.

Meanwhile, the MACD has recently flipped bullish, with the MACD line just crossing above the signal line. However, for confirmation, sustained green histogram bars are required.

SOL price chart with MACD | Source: Trading View

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Dogecoin DOGE $0.19 24h volatility: 6.0% Market cap: $28.39 B Vol. 24h: $1.24 B price has come under strong selling pressure, slipping more than 7% and falling under $0.19. This fall comes amid the broader crypto market fall, amid fresh selling pressure following the release of the US CPI data on June 11. Despite the odds of DOGE ETF approval placed at 51% by the year-end, the bulls have failed to keep the momentum.

US CPI Puts Selling Pressure on Dogecoin and Crypto Market

For the month of May, inflation climbed to 2.4%, falling short of analysts’ expectations of 2.5%, according to the latest Consumer Price Index (CPI) data. Core CPI, which excludes volatile food and energy prices, also came in below forecasts at 2.8%, compared to the anticipated 2.9%.

However, this also marks the first uptick in headline CPI inflation since January 2025, signaling a potential shift in inflationary trends. As a result, market expectations for a Federal Reserve rate cut next week have dropped to zero. Investors will be closely watching Jerome Powell’s commentary at the upcoming FOMC meeting on June 18.

Coming to Dogecoin, the daily trading volume for the largest meme coin has dropped by 16% to $1.36 billion. Additionally, the DOGE futures open interest has also tanked by 5.38% to $2.08 billion, showing bearish sentiment among traders.

As per the technical chart formation, Dogecoin price must reclaim the crucial support of $0.19. Failing to do so can trigger a further fall to $0.12.

#Dogecoin is approaching a Support Trendline 🔥$Doge 🚀 pic.twitter.com/cNeUL1Symj

— Trader Tardigrade (@TATrader_Alan) June 12, 2025

DOGE Gains Traction Amid Speculation of ETF Approval

Dogecoin’s recent price action reflects renewed interest in meme tokens following significant crypto market shake-ups. Speculation over a potential Dogecoin ETF has intensified, with Polymarket data suggesting a 69% likelihood of SEC approval in 2025. Such a move could usher in institutional capital, significantly impacting the market.

Adding to the momentum, Dogecoin’s integration with Coinbase’s Base network introduces wrapped DOGE to decentralized finance (DeFi) ecosystems on a large scale for the first time. This integration enhances the token’s functional value and utility within DeFi platforms.

Notably, Dogecoin has attracted high-volume support near critical levels, signaling potential accumulation by institutional investors. Despite this, retail traders remain cautious, reflecting the ongoing divergence in market sentiment.

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SPX6900 SPX $1.68 24h volatility: 1.2% Market cap: $1.58 B Vol. 24h: $118.27 M , a meme coin mockingly modeled after the S&P 500 index, has gained over 50% this week and 10% in the last 24 hours, establishing the fact that despite its parody roots, it has become a serious player in the market.

The coin reached a daily high of $1.73, just shy of its all-time high of $1.77. At press time, SPX is trading at $1.69, holding steady while most meme coins face a broader market correction.

$SPX6900 is the most absurdly bullish meme coin you’re sleeping on.

Here’s what makes it legend-tier material 👇🧵

Launched <$0.001 in 2023. Crashed. Forgotten.Then?It mooned 10,000,000% into 2025. Yes, eight zeroes.

Survived a total X ban, whale dump, and 45% crash in… pic.twitter.com/qIV6LwSBmq

— Naqeeb 💹🧲 (@qeebtrades) June 10, 2025

BONK Who?

SPX’s parabolic rise knocked BONK BONK $0.000016 24h volatility: 8.6% Market cap: $1.28 B Vol. 24h: $250.24 M off the pedestal as the fifth-largest meme coin by market cap. BONK tumbled by 7% in the last 24 hours, falling to $0.00001625, following a failed breakout at $0.00001640. As market interest shifts, SPX is quickly emerging as one of the top meme coins to watch this year.

The drop was compounded by escalating geopolitical tensions between the US and Iran, which triggered a broader meme coin pullback of 3.5% while Bitcoin BTC $107 680 24h volatility: 2.0% Market cap: $2.14 T Vol. 24h: $32.82 B also dropped from $110K to $107K. However, SPX stood tall, clearly decoupled from the chaos.

SPX’s market cap has exploded from $275 million in March to $1.55 billion. On-chain data shows whale holdings grew from 104 million to 105.29 million SPX over the past month, while tokens held on exchanges fell by 2.7% to 90.21 million.

Technical Outlook: Cup and Handle Breakout Near

The daily chart paints a textbook cup-and-handle formation, now nearing its breakout zone. The neckline of the pattern aligns closely with the $1.73–$1.77 resistance band, just below the all-time high.

Fibonacci Levels indicate critical upside targets at 1.618 Fib: $1.78, 2.618 Fib: $2.48, and the ultimate extension target at 4.236 Fib: $3.00+.

On the other hand, the RSI stands at 81.74, indicating extreme overbought conditions, a potential sign of a short-term cooldown. The MACD remains strongly bullish, with the histogram expanding and signal lines diverging, reflecting increasing momentum.

SPX6900 Daily Chart | Source: TradingView

If SPX closes above $1.77, the cup-and-handle breakout target points toward $1.87, a 16% move from current levels. If that zone is breached with volume, bulls could aim for the $2.21–$2.48 range next.

A rejection from the ATH zone could see price retest $1.62, which now acts as support after the Fibonacci 78.6% level was flipped. If sentiment worsens, SPX may slide to $1.34 (Fib 1.618) or even $1.20, near the handle’s lower trendline.

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Donald Trump’s DeFi project, World Liberty Financial [NC], has recently seen significant whale activity, likely from a large institution or exchange. Over the past week, this whale has accumulated nearly 800 million WLFI tokens, which are native to the project.

This impressive accumulation signals increasing interest from institutional investors. Coupled with the Trump Organization’s upcoming major announcement, speculation about a potential WLFI token exchange listing has intensified.

Whale Activity Signals OTC Deal for WLFI Token

Blockchain analytics firm Arkham Intelligence recently revealed a notable over-the-counter (OTC) transaction involving WLFI, the native token of World Liberty Finance.

Earlier today, an institutional investor or whale transferred $40 million USDT to World Liberty Finance. This transaction follows a similar $40 million USDT transfer made eight days ago by the same whale, who then received 400 million WLFI tokens four days later.

The movement highlights growing interest and potential large-scale accumulation of WLFI, raising speculation about its future market activity.

A whale/institution appears to be doing an OTC deal for $WLFI.

40 mins ago, the whale sent $40M $USDT to World Liberty Finance (@worldlibertyfi).

8 days ago, the whale sent $40M $USDT to World Liberty and received 400M $WLFI, 4 days ago.https://t.co/eZ3ivzbYuV pic.twitter.com/0gIoXFki0v

— Onchain Lens (@OnchainLens) June 12, 2025

The acquisition price for WLFI tokens stands notably higher than their presale prices. Initially launched on October 15, 2024, the WLFI token’s presale began at $0.015 per token.

By January 20, an additional 5% of the token supply was allocated to the presale at an increased price of $0.05 per token. The Trump-endorsed DeFi project concluded its presale in March, successfully raising approximately $590 million.

Trump Organization Plans Major Announcement on June 16

Earlier this week, World Liberty Financial declared that a major announcement is coming on June 16, with many speculating that this could be related to the trading of WLFI tokens.

Last week, the Trump Organization also announced a collaboration with TRUMP coin TRUMP $10.42 24h volatility: 5.8% Market cap: $2.09 B Vol. 24h: $372.95 M , with the goal of acquiring the meme coin.

Project chief Eric Trump also announced that World Liberty Financial plans to allocate a substantial amount of TRUMP Coin to its long-term treasury holdings.

Market sentiment around WLFI remains bullish as the community anticipates an official announcement. In a recent YouTube video, analyst Quinten suggested that the token might launch for trading soon, positioning itself as a potential competitor to leading DeFi projects.

Quinten highlighted WLFI’s fully diluted market cap of $5 billion, estimating that if only 20% of the tokens are initially in circulation, the token’s starting market cap would be approximately $1 billion.

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USDT issuer Tether Holdings Ltd has announced the acquisition of a notable stake in publicly listed Canada-based gold-focused royalty company Elemental Altus.

This deal marks significant progress in the company’s move to integrate long-term, stable assets such as gold and Bitcoin BTC $107 680 24h volatility: 2.0% Market cap: $2.14 T Vol. 24h: $32.82 B into its ecosystem.

Tether Stakes on Gold and Bitcoin as Financial Hedge

Per the announcement, Tether purchased 78,421,780 common shares of Elemental Altus Royalties (TSXV: ELE) from La Mancha Investments. The transaction was completed at $121.6 million in an off-market block trade.

It was completed offshore via a private agreement. It marked Tether’s first big move into the mining-royalty space.

From owning just 1.8%, equivalent to 4.36 million shares, the stablecoin issuer moved to holding 31.9% shares of Elemental Altus. Around the same time, Tether Investments signed an option agreement with AlphaStream Limited and its wholly owned subsidiary, Alpha 1 SPV Ltd.

Both AlphaStream Limited and Alpha 1 SPV are privately held companies incorporated under the laws of the Abu Dhabi Global Market. Tether was presented with the option, not obligated, to buy 34,444,580 Elemental common shares. It is worth noting that the deal, which is still subject to certain terms and conditions, will be finalized outside Canada.

Unless approved by Elemental, the option cannot be exercised before October 29, 2025. Tether CEO Paolo Ardoino noted that the company’s growing investment in gold and Bitcoin reflects its forward-thinking strategy to build a more resilient and transparent financial system.

He added that the move aligns with Tether’s broader vision of developing financial infrastructure fit for the next century.

“Just as Bitcoin provides the ultimate decentralized hedge against monetary inflation, gold continues to be a time-tested store of value,” Ardoino stated. “By gaining exposure to a diversified portfolio of gold royalties through Elemental, we are strengthening the backing of our ecosystem while advancing Tether Gold and future commodity-backed digital assets.”

Tether’s Financial Status and Holdings

Ardoino voiced Tether’s commitment to financial systems backed by real assets, stating that this is the core of its mission. The USDT issuer has consistently purchased Bitcoin, including a $735 million buy-in during Q1 2025.

Tether acquired a substantial 8,888 BTC with this fund when BTC was priced at $81,314.21.

At the time, the 8,888 BTC acquisition positioned the company as the sixth-largest Bitcoin holder globally, while its total Bitcoin reserves jumped to 92,647 BTC.

In the present day, Tether says it holds more than 100,000 Bitcoin, about 80 tons of physical gold, and a substantial volume of Tether Gold (XAUT), a token backed by physical gold.

Blockchain analytics firm Whale Alert only recently spotted the massive minting of 1 billion USDT on the Tron network. This coincided with a period of upward movement in Bitcoin’s price. The BTC price is pegged at $107,291.90, corresponding to a 1.89% drop in the past 24 hours.

💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 1,000,000,000 #USDT (1,000,799,999 USD) minted at Tether Treasuryhttps://t.co/tu80MK69v8

— Whale Alert (@whale_alert) June 9, 2025

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