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Bitcoin is up 40% this year as miners continue to scale.

Bitcoin network difficulty remains fixed at 127 R after its latest adjustment on May 31, however, the core hash rate is still under pressure to rise.
As of June 10, the seven-day average hash rate is approximately 901 EH/S, with several daily prints brushing against 920 EH/S. This indicates a continued mismatch between the two-week protocol rhythm and the speed at which new generation mining platforms come online.

Includes World Series of Financial Instruments with USDC origination$USDC

World Chain is a combination of the original USDC (USDC) and the Chain Copy Protocol V2 (CCTP V2), which represents an important partnership between the blockchain and one of the largest regulated issuers in the world. The upgrade is based on the original version of USDC on the World Chain, while maintaining the same title as the smart contract, which allows existing users and developers to continue without changes. Additionally, Circle's CCTP V2, released alongside the integration, allows users to send USDC via supported blockchains within seconds. The protocol also includes support for scripts, and automatic functions that lead to the execution of actions as soon as the funds are received, to expand the scope of programmability for developers. The World series, developed by Tools for Humanity and supported by Sam Altman, emphasizes digital divinity through the universal divinity system, where more than 27 million people are verified worldwide. For fraud, P2P transfers, and access-controlled financial instruments. Applications such as Daimo Pay and Morpho have already started using these divine features with USDC for verified payments and transfers. It is the second largest stablecoin in the world and is fully supported by the dollar reserve. The company's shares rose on the day of the opening, and the market valuation exceeded 20 billion dollars. This is a key moment for the integration of StableCoins in sustainable finance, especially since the legislators work on the official framework of digital principles. Circle's strategy focused on replacing the artificial StableCoin models and surgery with the original issue through multiple chains, a change that is now clear in cooperation with the world chain. For trust, speed, and compliance. Mentioned in this article
$BNB
#BinanceHODLerRESOLV
#MarketRebound
#USDC

South Korea has taken the lead in organizing $USDC
S$USDtablecoin. On June 10, the country passed the Digital Basic Law, allowing companies to issue stablecoins under clear rules – while the United States is still struggling to finalize the legislation. Through reserves to protect users. This move makes South Korea one of the first major economies to fully legislate. United States Stablecoin Bill Faces Delay Meanwhile, United States prepares for long-awaited approval of Al-Baqari Act. The purpose of the draft law is to set federal and state-level regulations for stablecoin issuance. Strong money laundering (AML) and customer identification (KYC) and anti-fraud measures. However, political opposition remains. The Digital Assets Law in South Korea applies to stablecoins only for all digital assets + stablecoins Federal approval authority for issuers > 10 billion dollars; All stablecoins require FSC approval, compliance requirements, AML, KYC, anti-fraud, transparency, transparency + security guarantees. Global demand for StableCoin is on the rise: the market is expected to reach 254 billion dollars in 2025, and 2T $ by 2028. In South Korea, stablecoin trading on five local exchanges is already ₩57T. Globally, Tether (USDT) and Dether (USDC) dominate with a market share of 85% - usdt is 150 billion dollars, USDC is 16 billion dollars. Markets, United States competitions to put the final touches on its bill, the Mashhad StableCoin world is about to change in a big way. Don't miss a beat in the crypto world! Stay up-to-date with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, Altcoins, Defi, NFTS and more.#BTCBreaks110K

#STRKToken ablecoin

The Aura token, based in Solana, rises by 3500% in 24 hours

Aura (Aura), a mostly ignored token, has stunned
Solana, the cryptocurrency market with a massive jaw-drop, exceeds over 3500% in just 24 hours. The price of the token jumped from just $0.001 to $0.037, sending the market cap to $34.4 million. Trading volume also exploded beyond $38 million, stirring great excitement among retail traders. Despite launching in May 2024 with a previous peak of $78 million, Aura had nearly disappeared from the scene, dropping to just $600,000 before this unexpected comeback, possibly fueled by a wave of coordinated purchases. Although the surge has given millions of investors a reason to try new coins, it is also considered a risky trap by many in the community. Let's see what drives this crazy surge! Whale cash in the frenzy-building blockchain data from Lookonchain revealed that some investors made massive profits. One wallet, for example, turned a previous investment of $24,000 into $128,000, pocketing a cool profit of $104,000 after holding through a previous crash. Another trader claimed an unrealized profit nearing $700,000. These massive booming gains have inflated, but analysts are not celebrating just yet. While the underlying action seems bullish, experts and cryptocurrency specialists urge extreme caution. According to David, a prominent on-chain fraud tracker, Aura shows multiple signs of a potential rug pull. The token has been marked as "level 3, expert scam," indicating its unclear utility, suspicious distribution, and pump timing. Read also: Connecticut bill passes to ban Bitcoin and Crypto investments. David noted that Aura was only created in May 2024, reaching a brief market cap of $70 million before collapsing again. He highlighted that major holders never bought their tokens, but received them through wallet transfers, hinting at possible manipulation or coordinated efforts to pump and dump. 🧵 (4) - Bundles - Bundle. Look at the top RN holders 👀 Many bundles like in the first chart, some bought newly today. 😍📈 Big old bundles are still alive after one year. pic.twitter.com/ypt3rigvbs - David Crypto Scam Hunter (cryptoscamhunto) June 10, 2025. The lack of fundamentals raises serious doubts. No major partnerships or roadmap updates or protocol launches have been announced to justify the sudden rally. The increase in activity, particularly around 6 PM UTC on June 10, appears disconnected from any legitimate news, raising further doubts. While some traders celebrate overnight fortunes, analysts urge the community not to get swept up in the hype. With no clear fundamentals and a murky token history, the explosive rise of Aura may end in disaster, serving as a sobering reminder of the risks in low-profile tokens. Don't miss a beat in the crypto world! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, Altcoins, DeFi, NFTs, and more.

The U.S. Securities and Exchange Commission (SE has asked prospective fund managers seeking to file spot Solana$SOL
(SOL) exchange-traded funds (ETFs) to amend their Form S-1 filings over the next week. According to people familiar with the matter, the SEC intends to comment on the amended Form S-1 filings within the next 30 days. The agency has ostensibly asked potential Solana ETF issuers to update their submissions regarding in-kind rollbacks. Additionally, the agency has asked fund managers to update their filings accordingly, in a reckless manner. Solana ETF Approval Imminent? As Coinpedia reports, some of the fund managers looking to offer Solana ETFs include Fidelity Investments, Grayscale Investments, Vaneck, Franklin Templeton, 21shares, Canary Capital, and Bitwise Asset Management. Get ready for a potential summer of cryptocurrency ETFs, with Solana likely leading the way (as well as some basket products), via jseyff's note this morning, which includes new prospects for all Spot ETFs. pic.twitter.com/umzih4Oou7 — Eric Balchunas (@ericbalchunas) June 10, 2025 The latest move by the US SEC suggests there's a good chance a potential Spot Solana ETF could be approved by July. Following the SEC's move, Polymarket traders now predict a 91 percent chance that the SOLANA ETF will be approved by the end of this year. The United States' willingness to establish clear crypto regulations has attracted more institutional investors to the digital asset and WEB3 space. What's next for Sol's price? Following this announcement, Sol's price jumped more than 5 percent on Tuesday, trading around $164 during the mid-North American session. The massive valuation, with a fully diluted valuation of around $98 billion and an average 24-hour trading volume of around $4.2 billion, follows a similar fractal pattern to Ethereum (ETH) amidst crypto traders in FOMO. According to crypto analyst Ali Martinez, Sol's price is poised for a parabolic rally in the near future. Furthermore, on-chain data shows that institutional investors, led by SOL strategies, have accumulated more aggressively in the recent past.
#Price #After #SOL #Whale.Alert
#Tradersleague

Avalanche ($avax) is one of the top altcoins under the radar of more institutional investors seeking to diversify their crypto portfolios$AVAX
. The altcoin, with a fully diluted valuation of around $10 billion and an average 24-hour trading volume of around $565 million, gained more than 2 percent on Tuesday, trading at around $21.92 during the mid-North American session. AVAX's latest price rally coincides with rising calls for the ALTSEASS 2025 event. Furthermore, the Bitcoin space has formed a macro reversal pattern on the daily timeframe amid a significant influx of cash into altcoins. Avalanche Network Thrives on Institutional Investor Adoption: According to on-chain analysis data, the Avalanche network has recorded a 275 percent increase in daily transactions since May 2025, hovering around 759,000. After a notable lull in the past 12 months, the daily transaction count on the Avalanche network has peaked. The Avalanche network has seen significant adoption by institutional investors seeking real-world asset tokens (RWA). According to market data analysis from Santiment, the Avalanche network is the second-best chain after ChainLink in developing RWA projects. Avax Mid-Term Price Target: On the 4-hour timeframe, Avax price has been consolidating since late April after a successful breakout from the falling logarithmic trend line established in the first quarter. Following the recent Avax price pump, the altcoin successfully broke a falling wedge pattern, indicating further bullish sentiment in the near future. The 4-hour MACD line recently crossed above the zero line, indicating a difficult bullish sentiment in its infancy. A firm close above $25 will trigger a bull rally towards the next short-term target of around $35. Share this crypto insight with your network!#Tradersleague
#MarketRebound
$BNB
#Avalanche #Avax #Term #Prices #Analysis #Short #Forecasts

The U.S. Securities and Exchange Commission (SEC) has requested that sponsors of the Solana Trade-Traded Fund (ETF) submit amended S-1 forms within a week, according to Blockworks on June 10,
citing three people familiar with the discussions. The sources said the SEC informed the issuers that it intends to respond within 30 days of the filings. Additionally, staff directed applicants to clarify the procedures for in-kind redemptions and describe how funds participate in Solana staking. Two of the sources added that regulators seem open to allowing limited support within the product structure. One participant estimated that if the revised filings are received this week, a decision could be made within three to five weeks. Approval during the next month. Bloomberg analysts Eshan James Seifart and Eric Balchunas predicted in April that approval for funds related to cryptocurrencies may not happen before October when most final deadlines for SEC decisions expire. Seifart reiterated on May 20 that the SEC typically takes a full 90 days to respond to 19B-4 filings. However, if an early approval occurs, it may not happen until the early days of July. Balchunas shared a note from Seifart on June 10, reinforcing that "ETFs tracking broad crypto indexes may be approved by the SEC within the next month." Balchunas added that the recent filing from REX to study Ethereum and Solana ETFs with staking offerings was the reason the regulator is considering expediting approvals. The filings used the rare "C-Corp" format, which has a shorter deadline with the regulator. Competitive listing lines: Fidelity, Franklin Templeton, Vaneck, Bitwise, Canary Capital, 21Shares, and Grayscale all have applications for a Solana ETF. Grayscale seeks to convert its existing Solana trust into an ETF, reflecting the path it took to list Bitcoin and Ethereum funds. The company delayed on May 13, while Franklin Templeton's proposal was delayed on April 30. Meanwhile, filings submitted by Fidelity and Vaneck were postponed on May 19. On June 6, Vaneck, Canary, and 21Shares sent a letter to the SEC requesting a further postponement of the approval order on the initial filing. The ETF issuers claimed that concurrent approvals strip early entrants of the advantage that traditionally includes legal and compliance costs. In the letter, they mentioned Solana ETFs.

The number of transactions waiting in Bitcoin's Mempool has been thin since mid-May, a rare occurrence in bull markets.$BTC
This prolonged spell of quiet fees has led to fee rates dropping to 1 SAT/VB or less, leaving many blocks unreasonable, and rekindling long-term concerns about the health of the Bitcoin fee market.
Some reports show that the 7-day average of confirmed daily transactions fell to 317,000 in early June, levels last seen in October 2023.
Low usage on Bitcoin shows the grassroots struggle.
A look at recent blocks shows how sparse activity has become. On June 9, several blocks contained fewer than 2,000 transactions and collected barely 0.01 to 0.03 BTC in total fees. Block 900451, mined by Mara Pool, contained only 12 transactions.
Other buildings, such as Foundry USA and VIOBTC, have accepted transactions paying less than 1 SAT/VB, with some hovering near 0.01 BTC in fees. With the mempool constantly empty, miners are adding whatever they can to fill the space.
Screengrab showing Bitcoin blocks from 900446 to 900456 on June 9, 2025 (Source: Mempool)
The drop is not due to a technical issue or protocol update. It is a reflection of broader market shifts that have reduced the urgency and volume of on-chain Bitcoin transactions. Notably, the macro environment has stabilized, Bitcoin volatility has cooled, and retail trading has largely faded from this bull run.
At the same time, a wave of institutional adoption and the continued use of off-chain solutions like Lightning have pulled transaction volume away from the underlying layer.
Bitcoin remains hovering near its all-time high, trading steadily in the $100,000 to $110,000 range for weeks. However, price action lacks the volatility spikes that often drive bursts of on-chain activity.
Lower volatility translates into fewer deposit and withdrawal events, fewer panic moves, and less arbitrage, all of which reduce pressure on block space.
Price stability hasn't triggered the kind of speculative surge that has typically occurred in previous cycles. Exchange volumes have evaporated, and daily active addresses are declining, indicating that this rally is being driven less by grassroots demand and more by institutional flows.
The Institutional Era of Bitcoin
This shift is evident in Bitcoin ownership trends. Individuals held approximately 247,000 fewer BTC in early 2025 than they did a year ago, while corporations, funds, and governments increased their holdings by approximately 225,000 BTC.
The emergence of meta-ETFs and corporate treasuries means a growing share of Bitcoin is in cold storage, not moving on-chain. Retail users who sold this BTC are out of the system, and entities that bought it are not making regular transactions. This transition, from millions of small holders to a handful of large custodians, has significantly reduced the number of UTXOS hands.
Efficiency gains across the Bitcoin economy reinforce this structural focus. Dirt exchanges and custodians routinely combine hundreds of withdrawals in a single transaction. Many transactions settle on an internal ledger and never touch the blockchain.
Layer-2 solutions like the Lightning Network handle an increasing share of routine payments, especially in high-trader regions. All of these factors reduce reliance on Layer-1 confirmations.
Development-Related Speculation Falters
The speculative activity that previously fueled the blockchain has also faded. The frenzy around orders and BRC-20 tokens in 2024 led to daily transaction counts approaching one million at their peak. Blocks were consistently filled, and fees soared above 100 SAT/VB. But that hype has faded.
Inscriptions and experimental token usage have declined sharply, and no new fad has emerged to solve them. The collapse of Memcoin mining and NFT traffic has removed a major pressure point from the Mempool. The result is a free market where little is paid. With no competition for block space, users pay a minimum, sometimes even zero, to be included.
Transaction fees now represent only about 2% of miner revenue. In mid-2014, at the height of speculative activity, this share was often well above 10%. Without meaningful fee income, miners are almost entirely dependent on the 3.125 BTC block subsidy.
This dependence raises long-term concerns. The next halving in 2028 will reduce the subsidy to 1.5625 BTC. If on-chain activity doesn't recover by then, fee revenue will need to make up the difference.
Otherwise, smaller or less efficient miners could be forced offline, potentially impacting hashrate, network security, and ultimately the performance of public mining companies.
Navigating Low-Fee Environments
The current lull may be temporary, but it is already sparking a debate within the mining community about how to navigate low-fee environments. Some miners have adapted by accepting low-volume or even non-standard transactions. The Marathon Slipstream service is one such service, allowing users to bypass the Mempool and submit unusual or large-volume transactions directly to miners.
While controversial, this practice demonstrates that miners are willing to fill blocks, even when demand declines.
The low transaction count has also sparked a long-running debate about transaction migration policy. With blocks constantly shrinking and fees hovering at minimal levels, some miners have begun accepting transactions that would normally be ignored by default Bitcoin core node configurations.#CryptoCharts101
#USChinaTradeTalks

The number of transactions waiting in the Bitcoin Mempool has been thin since mid-May, a rare occurrence in bull markets.
This prolonged spell of calm brought fees down to 1 SAT/VB or less, left many blocks unreasonable, and revived long-term concerns about the health of the Bitcoin fee market.

The market cap of stablecoins has surpassed $250 billion – a new record in the history of the crypto market. 🏦
✍️Stablecoins represent the fiat currency of the crypto market, and their continued growth reflects increased liquidity, investor confidence, and the market's readiness for a new wave of investment.
🚀$USDT dominates with a 62% share, followed by $USDC with a 24% share, while coins like $USDe, $DAI, and $BUIDL continue to advance and grow.$USDC
$BTC
#CryptoCharts101
#USChinaTradeTalks
#BTC110KSoon?

ProShares Trust and Bitwise submitted a preliminary prospectus to the U.S. Securities and Exchange Commission (SEC) on June 6, planning to issue an exchange-traded fund (ETF) to track Circle CRCL stocks $ETH
The ProShares Ultra CRCL ETF is a two-times leveraged product designed to achieve double the daily volatility of CRCL stocks through the use of swaps and other derivatives, as described in its N-1A registration statement. Bitwise's proposed CRCL ETF options income strategy includes holding stocks and selling call options to generate distributable cash, equivalent to a 'covered call option.' The prospectus does not include a timeline or fee schedule, and both companies plan to list on August 20 under rule 485(a)(2). Each issuer must submit a final prospectus, obtain exchange listing approval, and receive a derivatives use exemption before listing. If the U.S. Securities and Exchange Commission announces an effective date according to the assumed August timeline, these products may begin trading by the end of the third quarter. In the explosive growth of submitted filings, as of the time of writing, Circle's equity trading price is $117.49, giving the company a fully diluted valuation of over $30 billion. This value is approximately half of the $61 billion market capitalization of the dollar-pegged stablecoin USDC it relies on. Additionally, CRCL reached an all-time high of $138.57 on June 9 before pulling back. On June 5, Circle's initial public offering (IPO) was priced at $31. The opening price was $69, which rose to $103.75 within 30 minutes, and closed at $83.23 on that day. In the following trading days, the stock price rebounded to an all-time high of $123.52 and closed above $100, maintaining that level thereafter. The stock's performance quickly attracted many looking for differentiated investment opportunities tied to native cryptocurrency income sources, even sparking interest from companies considering an initial public offering (IPO). As traditional asset management firms withdraw from companies that rely on stablecoin economies, the dual application for Circle stock highlights the urgent demand for packaged investments in Circle stock. This article mentions: USDC, United States, cryptocurrency, ETF $BTC

Bit The move ends a months-long legal dispute over growing tensions between centralized exchanges and token custodians as control of key infrastructure $WBTC
becomes increasingly contested. Filed on June 6 in the U.S. District Court for the Northern District of California, the joint disposition clause closes the case with prejudice, preventing it from being retried. Both parties have agreed to cover their own legal fees and have not disclosed the terms of the settlement, if any. Dispute over the custody shift: Bit Global filed an initial lawsuit in December, weeks after Coinbase announced that WBTC would be delisted from its platform. The exchange said the token no longer met listing criteria, citing governance and risk concerns. Days earlier, Bitgo, the primary custodian of WBTC, announced a new partnership with BIT Global to diversify the token's Bitcoin Reserve holdings outside the United States. BIT Global was appointed as a co-convener, with the reserves partially moved to Hong Kong. The move drew criticism in the crypto industry due to Bit Global's known ties to Sun, who was facing regulatory investigations in the United States at the time. Coinbase argued that allowing WBTC to fall under Sun's control was an "unacceptable risk" to user security and market integrity. Bit Global, in turn, alleged that Coinbase's rationale concealed a conflict of interest. The lawsuit accused the exchange of using the delisting to undermine a competing product, WBTC, in favor of a proprietary Bitcoin token, CBBTC, which Coinbase launched shortly thereafter. The company described the delisting as a “cash grab” designed to boost CBBTC’s market share by marginalizing its main competitor. The legal setback preceded the dismissal. The case suffered a major blow in March when Judge Araceli Martinez-Olguin denied Bit Global’s request for a preliminary injunction, ruling that the company had not demonstrated imminent harm from the delisting. By May, during a hearing, the judge indicated she was leaning toward granting Coinbase’s request to dismiss the case entirely, citing a lack of legal grounds to proceed. With the court heavily favoring Coinbase, Bit Global opted to dismiss the case before a formal ruling was issued. The company did not offer a public explanation for the dismissal and did not respond to media inquiries. Coinbase, for its part, reiterated its position after the dismissal. "We have zero plans to recover WBTC," Paul Grewal, the exchange's chief legal officer, said in a social media post on June 9. The case highlighted how complex custody decisions and token listing policies have become in an industry that still lacks uniform regulatory oversight. While WBTC remains the dominant Bitcoin token by market cap, Coinbase's CBBTC has grown rapidly in adoption since its launch. Mentioned in this article$BTC
$BNB
#CryptoCharts101
#USChinaTradeTalks
#lawsuit #delisting #global #droplets #encapsulated ts

The huge gap between the global consensus value (GCV) and the
1 PI is worth a whopping $314,159, while the actual market price is only about $1 or less. The PI network stands out for its dual value system, but this unique setup raises concerns about its utility, transparency, and growth potential. Strategic plan? Analyst Mr. Spock believes this may be part of a long-term strategic plan rather than a flaw. He says this creates two separate economies—within the PI ecosystem, apps and services use the high GCV rate, while outside, on exchanges, PI trades like a regular altcoin at market rates. The system keeps these values ​​separate using controls like wallet locks and KYC, creating two related but distinct economies. The analyst notes the strengths and risks of the dual value system. He notes some key strengths of the dual value system—it builds trust, creates stability for apps, and protects against market volatility. But he also warns of significant risks. People could exploit this by purchasing cheap PI from exchanges and spending it at a much higher GCV rate within the ecosystem. The presence of wildly different PI prices can confuse users and make outsiders skeptical of the project. Also, the dual-value PI model relies on community trust. If users prefer market prices to GCV, its relevance could quickly fade. Can the PI Core Team help? To protect the system, the PI Core Team has also proposed measures such as limiting access to KYC for users and enforcing GCV through smart contracts.He also proposed locking Pi to limit supply, slowly closing the price gap as real usage increases. Several pioneers supporting GCV note that smart contracts with GCV rates have been uploaded to GitHub, and communities in places like Thailand and Vietnam are actively using GCV for transactions. “This mission is alive because of all of us,” said Lumary, a committed pioneer. The analyst noted that Pi’s true value comes from trust, interest, and community, not just price charts. Pi fell more than 60% in May. With an estimated 100 billion Pi coins in circulation, a valuation of each Pi on GCV would put Pi at over $31 quadrillion, which would be significantly more than the entire world’s GDP. But users are still unmoved. Activity steady but uneven. Dr. Altokin said in a recent YouTube video that 3.35 million Pi were moved to the Mainnet in the last 24 hours, and 7.9 million Pi were unlocked today. This indicates steady but uneven activity due to KYC delays and migration rollbacks. PI is trading around $0.63, with a market cap of $4.63 billion. In the short term, he expects PI to trade between $0.618 and $0.641. If the price stays above $0.625, it could rise to $0.64. He says that how newly unlocked PI is distributed is key to price action.$BTC

Through the BlackRock (ETF) Ishares Bitcoin Trust (IBIT), 70 billion dollars of assets under management (AUM) were reached on June 6, being the fastest to reach this mark in just 341 days of trading. Bloomberg ETF analyst Eric Balchunas $ETH
The teacher on X pointed out that the fund surpassed the previous speed record of 1,691 days set by the SPDR Gold Shares ETF (GLD) by five times. The fastest path to 70 billion dollars. In addition to speed, the dominance of iBit also shines among other Bitcoin (BTC) funds. According to Bitcoin Treasury Data, the BlackRock fund holds more than three times the threefold vehicle, the wise asset of Fidelity's Bitcoin Trust (FBTC), with 21.3 billion dollars under management. Moreover, it dwarfs Ark 21shares' Arkb and Bitwise's Bitb, managing 4.6 billion dollars and 3.9 billion dollars, respectively. The old GBTC fund of Grayscale remains large at 19.3 billion dollars, but it is still three times smaller than iBit. IBIT holds approximately 662,707 BTC, nearly 20% of 3,404,140 BTC, which is organized on behalf of public companies, private companies, governments, exchanges, and smart contracts DEFI. New firepower. However, the dominance of IBIT among institutional Bitcoin holders may be threatened as interest extends beyond ETFs and suggests distribution on BTC supply in the coming years. Head of Digital Asset Research, Matthew Siegel, shared data from Wells Fargo on June 9, showing that six publicly traded companies collectively hold or plan to raise up to 76 billion dollars for potential Bitcoin purchases. The strategic companies include Twenty One Capital, Squer, Semler Scientific, Nakamoto Corp., and Trump Media and Technology Group. Siegel highlighted that the pool equals 56% of the current assets of the immediate Bitcoin ETF pool under management and 16% of net ETF flows accumulated over the past 16 months. The rapid rise of IBIT to 70 billion dollars cements instant Bitcoin funds as the dominant gateway for institutional exposure, while parallel capital indicates deeper consolidation in supply in the coming months. Mentioned in this article $BTC

Proof of Proof: Does it apply to MicroStrategy?
Below is a guest post and analysis from Shane Neagle, Editor-in-Chief of Token Specialist.
On Tuesday, Michael Saylor, CEO of MicroStrategy (NASDAQ: MSTR), turned on the Bitcoin portion of the internet. At an event adjacent to the Bitcoin 2025 conference in Las Vegas, Saylor was asked whether the company (rebranded as Strategy) had any plans to publish proof-of-stake for its Bitcoin stash, which currently holds 580,250 BTC (about $62.8 billion).

Ripple recently transferred over 230 million XRP, worth 498 million dollars, to an unknown wallet, sparking excitement across the crypto space. The transaction was marked as a whale alert, $XRP
With much speculation, this could be a strategic transfer by Ripple or a massive move by the whales. While the destination wallet remains anonymous, the enormous transaction volume has raised eyebrows, especially as it showcases the speed and efficiency of the XRP ledger. Why this matters for XRP and Crypto: This major deal is not just about the amount, but highlights the fundamental strength of XRP. Unlike Bitcoin, which is about holding, XRP is designed for fast and cheap global transfers. For this reason, banks and financial institutions often lean towards Ripple's technology. The transfer of nearly half a billion dollars with minimal fees and a nearly fixed end proves the potential of the XRP ledger as a financial settlement layer. Furthermore, the massive transfer of XRP from Ripple is likely part of internal fund management or preparation for a larger institutional move. Although the wallet remains unknown, it could be part of Ripple's strategy to enhance liquidity or adjust reserves ahead of regulatory or commercial developments. Binance sees an increase in XRP flows: Meanwhile, the XRP ledger is recording increased activity on Binance. On June 6, XRP flow rose to 47.8 million, compared to just 5 million the day before, based on cryptoquant data. This flow indicates rising trader interest, even as the price of XRP remains stable at around $2.19. Overall, these spikes indicate increased trading activity, but the stable price shows no significant selling, so far. Institutional momentum builds across crypto: Beyond Ripple, crypto institutions continue to make moves. Gemini has filed for a U.S. IPO via S-1, following Circle's NYSE filing. Ethereum ETFs are also seeing a strong line of inflows in 2025, indicating a broader bullish trend for digital assets. Together, these signals point to increasing confidence in blockchain-backed finance, with XRP potentially at its center.

Layer 2 tokens often derive their value from the Ethereum ecosystem, as they rely on Ethereum for security and settlement. The higher the price of ETH $ETH
, the more confidence there is in the wider network, and this often boosts demand for layer 2 solutions due to scalability needs. Conversely, a drop in ETH prices can reduce activity and utility for investors across the ecosystem, affecting the valuations of layer 2 tokens. Here are some of these tokens, waiting for the price of Ethereum to secure levels above $3000 that could push the prices of these layer 2 tokens beyond the downturn range. Arbitrum (ARB) is a key layer 2 scaling solution for Ethereum, designed to improve transaction speed and reduce fees using optimistic technology. By offloading computation from the main Ethereum chain, it enables faster and cheaper decentralized applications while maintaining Ethereum's security. Its native token, ARB, governs governance and ecosystem incentives, trading within the lower price range and waiting for the right moment to spark a breakout. Historical price action indicates that the price has reached the end of a consolidation, and thus a breakdown should be imminent. The token is an inch close to the edge of a falling wedge, while the RSI is about to reach the lower threshold. This suggests that the price of ARB, which is facing downward pressure, is expected to drop to around $0.25, potentially leading to a rebound and testing higher ranges. ZkSync (ZK) is a layer 2 scaling solution for Ethereum that uses rollups to provide fast and low-cost transactions without compromising security. By processing transactions off-chain and providing succinct proofs to Ethereum, ZkSync enhances scalability. The native token, ZK, supports governance and incentivizes participation. Meanwhile, the price of ZK is expected to undergo more downward movement. Recent action for ZK indicates that some selling pressure is still causing some ground, with indicators suggesting that the token could break support soon. The price is trading within a critical symmetrical triangle and may lose support as the relative strength index has not yet identified the lower threshold. Furthermore, the Ichimoku cloud suggests a decrease in buying volume, causing a pullback, but after reaching the demand area, a strong rebound to $0.1 is imminent. Starknet (STRK) is a layer 2 scaling solution for Ethereum that enhances zero-knowledge proofs to drive high throughput and low transaction costs. Developed by Starkware, it ensures security through cryptographic proofs. Its native token, STRK, is used for governance, staking, and transaction coverage. The token is accumulating along the lower support, and thus a rebound may be imminent. As illustrated in the chart above, the price of STRK is testing the lower support of the parallel channel. The price has dropped below the 50-day moving average, which has triggered bearish pullbacks on the crypto. The RSI is about to reach the lower threshold, which could attract significant liquidity that may help the price initiate a rebound and rise above the 50-day MA, ultimately reaching $0.2. Optimism (OP) is a layer 2 scaling solution for Ethereum that uses optimistic rollups to enhance transaction speed and reduce gas fees. It inherits Ethereum's security while enabling greater scalability. The native token, OP, governs protocol powers, funds ecosystem development, and supports protocol upgrades. Similar to other layer 2 tokens, the price of Optimism is also testing lower support, which hints at a potential rebound. As mentioned earlier, the reference price is testing the lower support level, and thus it is believed to lead to a rebound at any time now. The DMI shows signs of a bullish reversal as the ADX approaches the lower threshold, which could lead to a rebound, potentially initiating a bullish crossover between +DI and -DI. With this, the Ichimoku cloud may also undergo a bullish crossover that could lift the price of Optimism above $1.

Bitcoin dips below $102,000 amid fading momentum and macro uncertainty$BTC

Bitcoin (BTC) fell to a low of $101,500 on June 5, marking its sharp decline in over a month as a wave of selling swept through the crypto markets. The drop extended a multi-day slide driven by a shift in investor sentiment and reduced demand from institutions. The world's largest cryptocurrency touched $101,500 before stabilizing just below $102,000. Bitcoin is now down over 8% from last month's peak of around $112,000 and could follow with further losses if confidence continues to erode. Other digital assets also fell. Ethereum (ETH) dropped below $2,506, down about 4% on the day, while Solana (SOL) fell to $144, down about 8%. BNB also decreased by more than 4% to a low of $640 before attempting to stabilize. DogeCoin (DOGE) fell more than 8% to $0.169, while XRP saw a decline of nearly 4% to $2.11. As of press time, Bitcoin was trading at $101,900, down 2.87% for the day as bulls tried to hold the price in the six-figure range. Fading momentum follows a sharp drop in flows to Bitcoin exchange-traded funds (ETFs), with fund data showing a weekly drop of 77%. The slowdown in institutional buying has removed a key support source that underpinned Bitcoin's recent rally to record highs. At the same time, older holders continue to sell after months of gains, adding more downward pressure. On-chain data indicates profit-taking in the market and cooling across the broader market after a period of rapid price appreciation across the crypto sector. The tone among asset managers has also shifted, with many citing uncertainty about the Fed's next move as a reason to reduce exposure to volatile assets like crypto. The sell-off has not been limited to crypto markets, with financial markets across the board seeing sharp declines for the trading day. Macro uncertainty keeps traders on edge ahead of upcoming US jobs data and new comments expected from the Fed. With inflation and rates still high, risk appetite across asset classes has weakened. Crypto has not been spared, with many investors moving to cash as volatility spikes. A weaker-than-expected job number might bolster arguments for rate cuts, but it could also heighten fears of an economic slowdown. Earlier this week, the ADP private payroll report showed job creation falling short of expectations, marking its weakest print in over two years. Meanwhile, geopolitical and macro uncertainty continues amid concerns over tariffs and upcoming interest rate decisions from major central banks. Adding to the uncertainty, long positions have declined to their lowest levels since December. The rapid unwinding of these positions suggests that even the most aggressive bulls have pulled back, at least for now. If Bitcoin fails to hold the $100,000 level, traders expect a rapid descent toward $97,000 or lower, representing a significant retracement from its 2025 highs. Bitcoin Market Data As of press time 9:09 PM UTC on June 5, 2025, Bitcoin is ranked #1 by market cap and the price is down 2.66% in the last 24 hours. Bitcoin has a market cap of $2.03 trillion with a 24-hour trading volume of $49.52 billion. Learn more about Bitcoin › Crypto Market Summary As of press time 9:09 PM UTC on June 5, 2025, the total crypto market cap is estimated at $3.2 trillion with a 24-hour volume of $117.31 billion. Bitcoin's dominance currently stands at 63.34%. Learn more about the crypto market › Mentioned in this article Published in: Bitcoin, Dogecoin, Ethereum, Ripple, Solana, United States, Analysis, Crypto, Macro, Market, Price Hour Latest Alpha Market Report