🇺🇸 The Executive Director of the Council on Digital Assets at the U.S. President's office, Bo Hines, stated that the White House expects to sign legislation on stablecoins and market structure by August 2025.
He noted that the administration is optimistic, and interest in digital assets is logical for any entrepreneur. He also emphasized that Trump cannot be bought, commenting on the participation of investors in the TRUMP and WLFI tokens.
💸 Financial giant MultiBank launches its multi-billion dollar crypto ecosystem. MultiBank Group, one of the largest and most regulated financial institutions in the world, presents the MBG Ecosystem, which combines traditional finance, cryptocurrencies, and the tokenization of real assets.
Key platforms of the MBG Ecosystem include:
1. MultiBank FX – a professional platform for CFD trading with a daily trading volume of 35 billion dollars.
2. MEX Exchange – an institutional ECN aimed at exceeding a daily turnover of 460 billion dollars.
3. MultiBank․io – a cryptocurrency exchange and staking platform.
In addition, the company announced a real estate tokenization deal in Dubai worth 3 billion dollars.
📊 According to Santiment data, large investors continue to increase their Bitcoin holdings — over the past 30 days, they have acquired 83,105 BTC worth $8.6 billion.
This pertains to wallets with a balance from 10 to 10,000 BTC.
🪙 The key level for Ethereum is in the range of $2,060-$2,420, where more than 10 million addresses hold 69 million ETH.
This accounts for almost 81% of all holders who are in profit.
Such concentration creates a strong support level: when the price falls, most owners will not be inclined to sell, and when it rises, profit-taking may begin.
In the zone above $2,420 to $2,600, the volume of purchases significantly decreases, and here ETH enters the 'uncertainty' area. Profit-taking areas begin beyond this zone.
📊 PlanB: The current RSI of Bitcoin is 69. I expect that we will see an RSI level of 80 and above for at least four months, as was the case in previous bull markets in 2021, 2017, and 2013.
An RSI value above 80 is usually associated with a monthly return of more than 40%. If this happens over four months, the price of BTC could rise from $104k to $400k.
🪙 Lookonchain: The hedge fund Abraxas Capital has been actively accumulating ETH, gathering assets worth $399,000,000 in the price range of $1,800–$2,600.
🟠 In April, mining companies sold about 70% of the mined bitcoins.
According to TheMinerMag, only MARA, Cango, and BitFuFu retained all of their production. Riot Platforms and CleanSpark officially abandoned the policy of full retention of cryptocurrency.
Analysts associate the sales with pressure on profitability due to the technical parameters of the network.
Despite the rise of bitcoin above $100,000 and the decrease in mining difficulty, the hash price was only $55 per PH/s per day, which is lower than the December peaks of around $63.
📊 Santiment: 344,620 new wallets have appeared on the Bitcoin network — the increase in activity is related to FOMO.
The largest cryptocurrency by market capitalization has suppressed bearish sentiment, surpassing the $103.8 thousand mark for the first time since January.
‼️ Politico: A post on Truth Social about the addition of XRP, SOL, and ADA to the US crypto reserve was posted by a lobbying group without Trump's approval.
🇺🇸 Market expectations regarding the Fed's rate suggest three rate cuts this year, with the first one expected in July, and at the moment the situation remains unchanged.