$MOVE rallied for the second straight day, supported by continued token buybacks by the Movement Network Foundation.
According to data from crypto.news Movement Movement $MOVE >0.81% Movement, the native token of the modular Layer-2 blockchain ecosystem, surged over 35% on June 26 to reach an intraday high of $0.199 during afternoon Asian trading hours. The rally pushed its market cap above $512 million and extended its weekly gains to over 52%.
Invesco and Galaxy have become the ninth issuer to file for a spot Solana ETF with the U.S. Securities and Exchange Commission.
According to a June 26 filing, Invesco and Galaxy’s proposed fund will offer direct exposure to Solana (SOL), the sixth-largest cryptocurrency by market capitalization. Following the precedent set by Bitcoin $BTC and Ethereum ETFs, the proposed Solana fund would hold the asset directly under a commodity trust structure. $ETH
Earlier today, our powerful Armed Forces accurately eliminated an Israeli Military Command, Control & Intelligence HQ and another vital target.
The blast wave caused superficial damage to a small section of the nearby, and largely evacuated, Soroka Military Hospital. The facility is mainly used to treat Israeli soldiers engaged in the Genocide in Gaza 25 miles away, where Israel has destroyed or damaged 94% of Palestinian hospitals.
It is the Israeli regime and not Iran that initiated all this bloodshed, and it is Israeli war criminals and not Iranians who are targeting hospitals and civilians. Hundreds of innocent Iranians have been murdered in cold blood since Israel launched its illegal war against the Iranian people last week.
We call on Israelis to heed our evacuation orders before strikes and to avoid proximity to military and intelligence sites. Our powerful Armed Forces will continue to pummel the criminals who target our people until they cease and pay for their criminal aggression against our nation.
Israel’s Defence Minister Katz says “eliminating” Iran’s supreme leader Ayatollah Ali Khamenei is one of the country’s war goals.Iranian missiles caused serious damage at four sites in central and southern Israel, including at the Soroka hospital, while Israeli forces attacked Iran’s Arak heavy water reactor.
Crypto Traders Watching Federal Reserve: What Will Be The FOMC Bitcoin Impact?
A head of the Federal Reserve FOMC meeting today, economists expect interest rates to remain unchanged between the 4.25% and 4.5% range. What will be the FOMC Bitcoin impact? Will BTCUSDT break $110,000?
Much was expected from the FOMC meeting in the United States. Although the Federal Reserve was expected to keep rates steady between 4.25% and 4.50%, the Jerome Powell press conference was supposed to move markets. However, it didn’t.
Instead, the Federal Reserve was cautious, citing risks posed by Donald Trump’s tariffs. There were also mentions of sticky inflation and resilient labor markets. This combination meant the central bank kept rates steady, disincentivizing aggressive positions in crypto assets, including $XRP .
Looking at the FOMC Dot Plot, the market still expects two 25-basis-point rate cuts in 2025. Even so, from Jerome Powell’s press conference, the central bank maintains a hawkish tone.
(Source) Notably, seven members of the FOMC now support no cuts in 2025, up from previous projections.
Market Outlook and Token Price Forecast The BOMB token features a total supply of 10 billion, with an unprecedented 70% (or 7 billion tokens) allocated toward community rewards. This design choice reflects Bombie's commitment to decentralization and early community empowerment. $BOMB 💥💥💥💥💥💥💥💥
President Donald Trump announced Friday that US and Chinese officials will meet in London on Monday to discuss trade between the two nations. “I am pleased to announce that Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer, will be meeting in
on Monday, June 9, 2025, with Representatives of China, with reference to the Trade Deal,” the president wrote in a post on Truth Social. The announcement comes after Trump and his Chinese counterpart spoke for 90 minutes on Thursday. After the phone call, the US president said he was encouraged that ongoing trade tensions could soon be resolved.
Officials are expected to meet again on Tuesday at 10am local time, a source familiar with the matter told CNN, continuing talks held Monday at the ornate Lancaster House near Buckingham Palace. At the White House, Trump said he is “only getting good reports” about the discussions. “We are doing well with China. China’s not easy,” he said Monday. “We want to open up China.” Speaking after the end of the first day of talks, Bessent told reporters they had a “good meeting” and Commerce Secretary Howard Lutnick called the discussions “fruitful,” according to Chinese state-run broadcaster CGTN. In London, Bessent, Lutnick and Trade Representative Jamieson Greer represent the Trump Administration. The Chinese delegation is led by Vice Premier He Lifeng, Commerce Minister Wang Wentao and the chief trade negotiator of the ministry, Li Chenggang. In May, the two sides agreed to drastically roll back tariffs on each other’s goods for an initial 90-day period. The mood was upbeat. However, sentiment soured quickly over two main sticking points: China’s control over so-called rare earths minerals and its access to semiconductor technology originating from the US. Experts say Beijing is unlikely to give up its strategic grip over the essential minerals, which are needed in a wide range of electronics, vehicles and defense systems. “China’s control over rare earth supply has become a calibrated yet assertive tool for strategic influence,” Robin Xing, Morgan Stanley’s chief China economist, wrote in a Monday research note. “Its near-monopoly of the supply chain means rare earths will remain a significant bargaining chip in trade negotiations.” Since the talks in Geneva, Trump has accused Beijing of effectively blocking the export of rare earths, announcing additional chip curbs and threatening to revoke the US visas of Chinese students. The moves have provoked backlash from China, which views Washington’s decisions as reneging on its trade promises.
🚀Bitcoin, US crypto stocks rise as more firms plan $BTC buys💰
Crypto-tied US companies gained alongside Bitcoin on Monday, as public firms continued to scoop up the cryptocurrency.
The UK Insolvency Service has appointed its first crypto intelligence specialist to help recover crypto from bankruptcy and criminal cases. Andrew Small, a former police investigator with a background in economic crime, will lead efforts to trace and reclaim crypto assets that haven’t been accounted for in those proceedings, according to a June 9 statement from the Insolvency Service. It comes as the number of crypto-related insolvency cases in the UK has risen by 420% over the last five years, while the estimated value of crypto assets identified in insolvency cases has increased 364 times to 523,580 British pounds ($709,500) over the same time frame. “There has been a rapid rise in crypto ownership in the UK, and alongside that, we’ve seen a similar rise in cryptoasset ownership in bankruptcy cases,” said Small, adding that crypto is “very much a recoverable asset.” $BTC
Crypto platform Parataxis eyes public listing via SPAC merger
New York City-based Bitcoin investment company Parataxis Holdings is exploring a public listing via merging with SilverBox Corp IV, a special purpose acquisition company.
Parataxis Holdings, a Bitcoin investment platform, is looking to go public through a merger with a $200 million special acquisition company. The New York Stock Exchange-listed SPAC SilverBox Corp IV entered into a non-binding letter of intent with Parataxis Holdings LLC on Monday, an affiliate of Parataxis Capital Management, a digital asset investment firm founded in 2019. SilverBox Corp IV is an affiliate of SilverBox Capital LLC, a company founded in 2020 to provide alternative investment management services and sponsor SPACs. The proposed merger indicates growing institutional investor interest in Bitcoin and other cryptocurrencies. If it proceeds, the merger would bring Parataxis’ Bitcoin-focused investment platform to public markets, and the new company would focus on institutional-grade Bitcoin $BTC $109,398 and crypto investments, according to the announcement. The target clients are institutional investors seeking Bitcoin exposure through proprietary strategies, and the firm aims to capitalize on the growing demand for Bitcoin as a “treasury and strategic asset.” Publicly-listed “highly scalable” crypto platform Joe Reece, co-managing partner at SilverBox Capital, said the merger represents an opportunity to introduce a “unique and highly scalable digital asset management platform to the public markets.” The initial focus includes a transaction under development in South Korea, which the parties described as an “underserved market with significant digital asset demand that can be met with the launch of the proposed platform.” Related: Trump Media execs seek $179M via new SPAC to possibly buy crypto firm The deal is still in early stages, with just a letter of intent with standard disclaimers that no definitive agreement exists yet, and the deal may not close. Clear Street, a cloud-native platform for multi-asset clearing and portfolio management, is the lead financial adviser. SilverBox shares move SilverBox completed its $200 million initial public offering in August 2024, and its stock currently trades on the NYSE under the ticker “SBXD.” However, it has been a slow performer with just 6.5% gained since the beginning of the year, and the largest of those gains coming over the past couple of days as the SPAC merger news broke.
Based on data from Coinbase Prime, there were several recorded transactions of BlackRock’s purchase of 9,000 to over 58,000 $ETH worth between $23 million and $61 million. The huge Ethereum buy from BlackRock puts forth evidence that large corporations are paying closer attention to cryptocurrencies.
Key takeaways: * Ether futures open interest has surged 40% in 30 days, while the spot ETH ETFs marked four consecutive weeks of inflows. * ETH’s Gaussian channel indicator suggests a rally to $3,100 to $3,600 could occur.
Ethereum’s native token, Ether ETH $2,675, has consolidated between $2,300 and $2,800 for the past 30 days, but this sideways phase could be coming to an end. The 4-hour chart shows $ETH retaining support from the 200-day exponential moving average (EMA), and the price is forming a hidden bullish divergence with the relative strength index (RSI). A hidden bullish divergence occurs when the price forms higher lows while indicators like RSI form a lower low, signaling a trend breakout.
Spot Ethereum ETFs surge as BlackRock continues to buy The spot Ethereum exchange-traded funds (ETFs) marked their fourth straight week of net inflows, adding 97,800 ETH, pushing total holdings to 3.77 million ETH.
Elon Musk says he’s “disappointed” with the new US government spending bill, calling it a threat to the work of the DOGE (Department of Government Efficiency), which he led to reduce wasteful spending. Musk warns the bill increases the budget deficit and could harm the economy. He has now stepped down from DOGE over policy disagreements. $DOGE #MyCOSTrade #EDGENLiveOnAlpha
Huma Finance has officially launched on Binance! 🚀
Built on the $SOL blockchain, $HUMA is a decentralized lending protocol that allows users to leverage future income streams like salaries or invoices as collateral. This innovative approach makes it easier for individuals to access funds based on expected earnings.
With its debut on #BINANCE , which has over 120 million users, Huma offers seamless deposits and special rewards for early adopters. Plus, the platform features on-chain, real-time credit evaluation, ensuring fast and transparent loan approvals. This is a significant step forward for decentralized finance!
Explore the possibilities with Huma Finance today $HUMA $SOL