$BTC Bitcoin holds $105K as HYPE, AAVE, BCH, OKB aim to lead altcoins higher
Bitcoin trades above $105,000 even as the threat of war looms in the Middle East. HYPE, BCH, AAVE and OKB could also catch a bid if BTC holds its current range. A week of solid inflows into the spot Bitcoin ETFs improves the prospects of a rally toward $110,000. HYPE, BCH, AAVE, and OKB could march higher if Bitcoin sustains above $105,000. BTC $105,189 is forming a Doji candlestick pattern on the weekly chart, indicating indecision between buyers and sellers. Despite the near-term uncertainty, analysts remain bullish on Bitcoin’s prospects in 2025, expecting a rally from $140,000 to $270,000. Another positive sign is that the geopolitical turmoil caused by the conflict between Israel and Iran did not create panic among investors. According to Farside Investors’ data, US-based spot Bitcoin exchange-traded funds witnessed $86.3 million in inflows on Thursday and $301.7 million on Friday, boosting the total weekly inflows to $1.37 billion Bitcoin’s consolidation just below the all-time high has not generated a sell signal in any of the 30 “bull market peak” indicators monitored by CoinGlass. In a post on X, popular trader Cas Abbe said the models project a target between $135,000 to $230,000 for Bitcoin this cycle.
#TrumpBTCTreasury Trump Media's registration for bitcoin treasury deal becomes effective June 13 (Reuters) - Trump Media and Technology Group (DJT.O), opens new tab said on Friday that the U.S. Securities and Exchange Commission has declared effective the registration for its bitcoin treasury deal. The company said it raised about $2.3 billion through a mix of debt and equity agreements with participation from around 50 investors. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. It said in May that the bitcoin will be held on Trump Media's balance sheet alongside existing cash and short-term investments totaling $759 million as of the end of the first quarter. Several companies, including video game retailer GameStop (GME.N), opens new tab and Strategy (MSTR.O), opens new tab, are adding bitcoin and other cryptocurrencies to their balance sheets to capitalize on rising token prices as the Trump administration embraces digital assets.
$ADA Nasdaq Says Yes To Cardano: ADA Earns A Spot Among Crypto Giants. Cardano’s ADA has joined the Nasdaq Crypto Index, moving from the sidelines into the institutional spotlight. According to Nasdaq filings, this shift brings ADA alongside Bitcoin and Ethereum in one of the main benchmarks watched by big investors. It’s a sign that regulators and asset managers see Cardano as more than just another blockchain token. Index Broadens To Nine Assets Based on reports from TapTools and Nasdaq’s Form 8-K, the index grew from five to nine assets. It now lists Bitcoin, Ethereum, Litecoin, Chainlink, Uniswap, and adds Cardano (ADA), Solana (SOL), Ripple (XRP), and Stellar (XLM). The change gives these newcomers a seat at the table. It also means more options for funds that track this benchmark. Impact On Weighting Of Bitcoin And Ethereum
Previously, Bitcoin made up 85% of the index and Ethereum held 10%. With ADA and the other three in play, Bitcoin’s share falls to 75% and Ethereum’s to 11%.
This shift lets portfolio managers spread risk across a broader set of tokens. It also lowers the concentration in the two biggest names in crypto. Even though the index itself now includes all 9 assets, the US-listed Hashdex Nasdaq Crypto Index ETF still holds only Bitcoin and Ethereum. That won’t change until the SEC signs off on updates to the ETF’s rulebook. Based on the current timeline, that approval is expected in early 2026. Until then, US investors can track the wider index on paper, but their ETF shares will stick with the original two coins.Cardano Gains Institutional Spotlight
For Cardano, this is more than a trophy. It means added liquidity, better price support, and a clearer path into institutional portfolios. More cash in and out of ADA markets could narrow trading spreads and smooth out big swings.
ADA Drops 6% as Cardano Community Debates $100M Stablecoin Liquidity Proposal Cardano’s ADA token declined 6.01% to $0.6412 as the market reacted to both macro volatility and a heated governance debate over a proposed $100 million treasury allocation aimed at strengthening the DeFi ecosystem. 🚨 On Wednesday, the TapTools team asked its followers on X what they think about the idea of deploying 140 million ADA (around $100 million) to provide liquidity for stablecoins like USDM and help power Cardano’s growing decentralized finance sector. 🚨 Not everyone is on board. Influential account @cardano_whale argued that introducing 140 million ADA in sell pressure under current market conditions would be damaging. He acknowledged the potential long-term DeFi benefit but warned that governance proposals are typically front-run by traders, meaning any public plan to sell ADA at $0.70 might end with that supply being sold at $0.50. Instead, he favored minting crypto-backed stablecoins like ObyUSD to avoid direct selling pressure. 🚨 Cardano founder Charles Hoskinson pushed back strongly, calling the sell pressure concerns a “false narrative.” In his view, the treasury could convert the 140 million ADA gradually over-the-counter or through algorithmic execution strategies like time-weighted average price (TWAP) orders to avoid market disruption. He emphasized that Cardano’s lack of stablecoin depth is holding the ecosystem back, and this initiative could not only address that gap but also generate sustainable, non-inflationary revenue for the treasury. 🚨 The community remains divided. While some see it as a bold step to finally give Cardano DeFi a stable foundation, others view the plan as premature, particularly given current market weakness and ADA’s inability to hold above $0.68. The debate has become a litmus test for how Cardano balances long-term growth with near-term token economics.
How bitcoin price's newest source of long-term support is evolving The bitcoin price chart this year looks somewhat like a V-shaped recovery, with early 2025 gains wiped out but then a major rebound. While that matches the general trend in the risk-on recovery in stocks, ETF experts say the crypto has shown some signs of de-correlation with the markets this year, and there is another source of price support for bitcoin coming as financial advisors and institutions adopt crypto at a more deliberate pace than traders and retail investors. The iShares Bitcoin Trust is No. 5 among all ETFs in flows this year, surpassed only by two giant S&P 500 ETFs, the Vanguard Total Stock Market ETF, and a short-term treasuries fund. Bitcoin may have come off the all-time high it hit in May, but the cryptocurrency is still trading above $100,000 , and doing so with more consistency. Bitcoin recently held above $100,000 for 30 days, even with a 10% pullback, the first time that’s ever happened. A look at the bitcoin price chart this years show that it has more or less been through a V-shaped recovery, with its early gains wiped out but a sharp turn back up to the recent all-time high, close to where it remains today.
Plenty of reasons are offered for the ups and down in what has always been a volatile trade, but the biggest bitcoin ETF manager and a financial advisor who follows the cryptocurrency closely say that one source of price support that is new and won’t go away is the steady, if cautious, adoption of bitcoin by financial advisors and institutional investors.
Bitcoin bulls’ biggest threat is 2-month ‘tariff ultimatums’ trap: Analyst An end to the “tariff sabre rattling” may see Bitcoin rallying to $120,000 this month, Swyftx lead analyst Pav Hundal tells Cointelegraph.
The ongoing loop of tariff uncertainty from US President Donald Trump is the most significant risk for those betting big on Bitcoin over the next two months, a crypto analyst warns.
“The biggest threat to bulls right now is that nothing changes over the next two months, and we just stay trapped in this cycle of endless tariff ultimatums,” Swyftx lead analyst Pav Hundal told Cointelegraph.
US policymakers waiting for “hard data”
Hundal said there is a risk that US policymakers delay monetary easing until they get “hard data” on the impact of Trump’s tariffs, which would risk a “growth slowdown.”
On May 7, the Federal Reserve rate-setting committee held rates steady in the 4.25% to 4.50% range due to the rising risks of higher unemployment and higher inflation.
Hundal said if the uncertainty remains, it will cast a shadow over risk-on markets.
“If bears have their ‘I told you so’ moment, you could see Bitcoin drop back below $100,000,” Hundal said. When Trump initially raised the issue of tariffs in early February, Bitcoin BTC $107,663 dropped below $100,000 and remained volatile due to decisions around trade policy, pauses and announcements. It remained under that level for over three months until May 8.
The US Court of International Trade blocked Trump from imposing his tariffs on May 28, arguing that he overstepped his authority. However, Trump recently doubled tariffs on foreign steel and aluminum to 50%.
Hundal said the uncertainty may have jeopardized reaching the inflation target this year. “Six months ago, a 2% inflation target looked possible; today, it is under longer-term threat from tariffs,” he said. “The US is at a macro crossroads.”
Remarks at the Final Crypto Task Force Roundtable: Where We Go From Here..Good afternoon. As we begin the final event of this Crypto Task Force series, I think this is a good opportunity to reflect on what has come out of these roundtables and where the Task Force, and the Commission, are going from here.
These roundtables have highlighted that “crypto” is far from a monolith. We have heard a markedly diverse set of viewpoints, from many different segments of the industry.
We have heard, for example, from many non-SEC registered entities with varying views on whether they or their products should be required to register and be subject to SEC jurisdiction. I expect that this will be a key theme of today’s DeFi panel. Back in November 2021, I wrote an article[1] detailing my views on the opportunities and challenges of DeFi, which I believe require industry and regulatory collaboration to develop compliant solutions. The issues I raised in that article related to market structure, transparency, and retail investor protection, among others, still remain questions today, so I look forward to hearing the panelists’ views on how we should approach these challenges.
Beyond issues related to registration and jurisdictional lines, other roundtables have focused on current SEC registrants who want to continue operating under SEC oversight, but with altered regulatory requirements tailored to new types of products and technologies.
In addition to these varied and sometimes competing regulatory views, we have heard different opinions on the technologies underlying digital asset products and services. We have heard panelists highlight advantages or disadvantages of particular technologies, and give differing predictions on their capabilities to function effectively as part of a large, complex securities market.
In sum, these roundtables have given us a lot to grapple with, to say the least. While the series was billed as a “spring sprint towards crypto clarity,”
Ethereum whale opens $11M leveraged bet amid ETH price’s 30% rise potential
ETH price rising to around $2,850 drove the whale’s $11 million leveraged long into $366,000 paper profit.
An Ethereum whale opened a $11.15M leveraged long position just as ETH broke out of a bull flag. ETH’s price surged above $2,850, pushing the whale’s trade into a $366K unrealized profit. Ethereum options skew turned sharply negative, indicating growing bullish trader positioning. A high-stakes Ether ETH $2,854
long trade is making waves just as the cryptocurrency breaks out of a key technical pattern, fueling expectations of a 30% price rally toward $3,670.
$11M leveraged ETH long signals bullish sentiment
On June 10, an Ethereum whale opened a $11.15 million long position on ETH with 25x leverage, amounting to a 4,000 ETH bet placed at an entry price of $2,758.35.
Ethereum options data: traders are short-term bullish
Ethereum’s options market has turned decisively optimistic in the past 48 hours.
The 25-delta skew, which measures the difference in pricing between bullish calls and bearish puts, has shifted sharply lower since June 9.
Ethereum network growth, spot ETH ETF inflows and price gains lure new investors
Ethereum’s dominance in staking, the spot crypto ETFs, and improving investor sentiment all point toward a sustained ETH price rally. ETH’s price gains are driven by an uptick in network activity and robust spot ETF inflows. Data suggests $2,800 will remain a difficult hurdle for ETH to overcome. Ether ETH $2,764 has traded within a relatively narrow range between $2,370 and $2,770 since May 10, yet several indicators suggest potential for upward movement. Ethereum continues to lead the blockchain space in both deposits and activity when its layer-2 scaling solutions are included in the analysis.
Despite Ether's failure to reclaim its all-time high during the 2024–25 cycle, none of the so-called Ethereum killers have come close to matching its $66.6 billion in total value locked (TVL). Ethereum currently holds a dominant 61% share of the market, while the two largest competitors together account for only 14%.
The TVL of Ethereum’s base layer grew 6% over the past 30 days, led by gains from Pendle, Ethena, and Spark. In contrast, BNB Chain saw a 6% decline, and Solana’s deposits dropped by 2%. More importantly, the surge in deposits across competing blockchains during the memecoin frenzy earlier in 2025 has proven to be unsustainable.
Ethereum did lose ground in decentralized exchange (DEX) volumes due to high base layer fees, which remain a barrier for most users. However, its layer-2 solutions collectively recorded an impressive $70 billion in DEX activity over 30 days, maintaining Ethereum’s lead across the ecosystem. Notable contributors include Base, Arbitrum, Unichain, and Polygon.
Nasdaq confirms XRP, SOL, ADA, and XLM in benchmark index via new SEC filing
Nasdaq has officially filed an SEC Form 8-K for the Hashdex Nasdaq Crypto Index US ETF, confirming it has reconstituted its benchmark index to include four new digital assets: Cardano (ADA), Solana (SOL), Stellar Lumens (XLM), and XRP.
These coins are now part of the Nasdaq Crypto US Settlement Price Index (NCIUS), which the ETF uses as its benchmark.
According to the filing dated June 2, this update marks a significant step toward broader crypto representation in institutional investment products. However, despite the change, the Trust will continue to hold only Bitcoin and Ethereum for now, due to its existing listing restrictions.
“Notwithstanding the changes to the NCI US, the Trust will continue to hold only BTC and ETH… due to the limitations of the Trust’s currently approved listing rule,” the filing states. The update was disclosed in a Form 8-K, a standard filing companies use to inform investors of major events that shareholders should know about. In this case, it included the resignation of a key executive, as well as a major index reconstitution that may affect fund tracking performance.
The filing warns of tracking error risk, noting:
“Beginning on June 2, 2025, the Index introduced additional Index Constituents… Under current regulatory restrictions, the Trust is only permitted to hold bitcoin and ether… As a result, the Trust’s performance may be materially different from the performance of the Index.”
Why Is Crypto Going Up? Bitcoin, Ethereum, Dogecon And XRP Are Rising Today Amid New Bullish Price Predictions 🚨 Major cryptocurrencies are experiencing significant price gains in June 2025. Bitcoin approaching $110,000, Ethereum breaking above $2,700, XRP climbing 10% over the weekend, and Dogecoin showing strong technicals. Institutional adoption, ETF inflows, and improving market sentiment are driving this crypto rally.
The cryptocurrency market is experiencing a remarkable resurgence in June 2025, with Bitcoin price leading the charge toward new highs, closing the strongest session in a month. At the same time, Ethereum price, XRP price, and Dogecoin price all demonstrate strong bullish momentum.
Understanding why crypto is up requires examining the convergence of institutional adoption, technical breakouts, and fundamental developments driving this market-wide rally. You will find all of that in the article below, plus the newest crypto price predictions.
Ethereum Posts Strongest Gain in Five Weeks, Tests Upper Range of Ongoing Consolidation
As shown on the chart below, Ethereum (ETH) posted a 6.7% gain during Monday’s session, allowing the price to test the highest levels seen in June. It also returned to the upper boundary of the consolidation pattern that has been forming for about a month, ranging between $2,700 and $2,740. Notably, this was Ethereum ’s strongest daily gain in approximately five weeks.
From a technical analysis standpoint, Ethereum has been consolidating between $2,700 and $2,400 for about a month. A breakout above the upper boundary could pave the way for further gains and a potential return to the psychological level of $3,000. Conversely, a break below the lower boundary could trigger renewed bearish momentum, with the price possibly falling to $2,200, February’s lows.
Why Is Crypto Going Up? Bitcoin, Ethereum, Dogecon And XRP Are Rising Today Amid New Bullish Price Predictions 🚨 Major cryptocurrencies are experiencing significant price gains in June 2025. Bitcoin approaching $110,000, Ethereum breaking above $2,700, XRP climbing 10% over the weekend, and Dogecoin showing strong technicals. Institutional adoption, ETF inflows, and improving market sentiment are driving this crypto rally.
The cryptocurrency market is experiencing a remarkable resurgence in June 2025, with Bitcoin price leading the charge toward new highs, closing the strongest session in a month. At the same time, Ethereum price, XRP price, and Dogecoin price all demonstrate strong bullish momentum.
Understanding why crypto is up requires examining the convergence of institutional adoption, technical breakouts, and fundamental developments driving this market-wide rally. You will find all of that in the article below, plus the newest crypto price predictions.
Ethereum Posts Strongest Gain in Five Weeks, Tests Upper Range of Ongoing Consolidation
As shown on the chart below, Ethereum (ETH) posted a 6.7% gain during Monday’s session, allowing the price to test the highest levels seen in June. It also returned to the upper boundary of the consolidation pattern that has been forming for about a month, ranging between $2,700 and $2,740. Notably, this was Ethereum ’s strongest daily gain in approximately five weeks.
From a technical analysis standpoint, Ethereum has been consolidating between $2,700 and $2,400 for about a month. A breakout above the upper boundary could pave the way for further gains and a potential return to the psychological level of $3,000. Conversely, a break below the lower boundary could trigger renewed bearish momentum, with the price possibly falling to $2,200, February’s lows.
Cryptocurrency Trading 101: What Tools Do Crypto Traders Need? A Full Review Cryptocurrencies represent the birth of a financial revolution. For the first time ever, data and computational energy became valuable. Bitcoin is not only the world’s biggest computer, it’s also the most profitable asset of this age. Bitcoin is the mother of “the internet of money”, as Andreas Antronopoulos describes.
Following the birth of Bitcoin in 2008, cryptocurrency trading emerged. Only a few years later, one alternative currency after the other would enter the market. Now, speculators can trade tens of thousands of market pairs, against BTC, ETH, or simply USD.
How can you navigate yourself in this fast-paced environment? How do you find the newest and fastest-growing markets? How can you create an overview of all your exchange accounts?
This article outlines the most important tools you need to get started with trading cryptocurrencies. Tools that help you with creating an organized analytics, as well as a profitable decision making and strategy execution environment. This trading 101 article is dedicated to making you feel less overwhelmed in the hectic crypto world and highlight the best way to trade cryptocurrency.
Good Crypto offers you all the tools in one place. It’s the only application you’ll ever need. It’s with you in your pocket and available any time of the day. No matter how you interact with the market, as a long-term investor, or a short-term crypto trader, you will find great benefit in using this free application.
We’re convinced that this application will make it possible for you to make profits easier, and it will create a more peaceful relationship with trading cryptocurrency even if you feel like just checking out crypto 101. So, if you’re eager to know how to trade crypto successfully, welcome to cryptocurrency trading 101 by Good Crypto.
Trading essentials: the right tools to support your day trading strategies in crypto
Donald Trump's Truth Social officially files for bitcoin ETF as company deepens crypto push
Trump Media and Technology (DJT) took a key step toward launching a publicly traded crypto investment product Thursday morning.
The newly formed Truth Social Bitcoin ETF business trust filed its S-1 with the US Securities and Exchange Commission to register the new exchange-traded fund licensing Trump Media's social media brand. The ETF will trade on the NYSE Arca.
Thursday's filing is a significant step for Trump Media's move into the cryptocurrency space.
The media company, of which President Trump is a majority stakeholder, announced in January it was expanding into financial services and would offer investment products through a newly created fintech platform, Truth.Fi.
Last week, Trump Media said it will spend $2.32 billion to create a bitcoin treasury, issuing equity to fund the initiative. The move follows the trend of companies across various sectors adding bitcoin to their balance sheets to try to replicate the success of crypto advocate Michael Saylor's company Strategy.
The Trump administration has ushered in a friendlier stance toward cryptocurrency than that of Trump's predecessor, President Biden.
Trump announced the creation of a national strategic bitcoin reserve earlier this year. The president appointed venture capitalist David Sacks to a newly created White House role of crypto czar, and his pick for SEC chair is well-known crypto lawyer Paul Atkins. Under Trump's administration, the Atkins-led SEC dropped investigations into Coinbase (COIN), Robinhood (HOOD), and other crypto firms as Trump looks to reverse the Biden-era clampdown on fraud in the sector.
The US and China are holding trade talks in London after Trump’s phone call with Xi
LONDON — High-level delegations from the United States and China met in London on Monday to try and shore up a fragile truce in a trade dispute that has roiled the global economy,
A Chinese delegation led by Vice Premier He Lifeng held talks with U.S. Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer at Lancaster House, an ornate 200-year-old mansion near Buckingham Palace.
Wang Wentao, China’s commerce minister, also was part of Beijing’s delegation.
The talks, which may continue Tuesday, follow negotiations in Geneva last month that brought a temporary respite in the trade war.
The two countries announced May 12 they had agreed to a 90-day suspension of most of the 100%-plus tariffs they had imposed on each other in an escalating trade war that had sparked fears of recession.
The U.S. and China are the world’s biggest and second-biggest economies. Chinese trade data shows that exports to the United States fell 35% in May from a year earlier.
Since the Geneva talks, the U.S. and China have exchanged angry words over advanced semiconductors that power artificial intelligence, visas for Chinese students at American universities and " rare earth ” minerals that are vital to carmakers and other industries.
♻️Crypto trading charts, such as line charts, bar charts and candlestick charts, show how crypto prices and other information changes over time.
♻️Understanding how to read cryptocurrency charts for day traders is essential for analyzing cryptocurrency trends and determining price movements.
♻️Popular overlays and indicators on live crypto charts help traders make informed decisions. Noticing common bullish and bearish patterns is important for successful crypto trading and trend following.
♻️Using multiple indicators and backtesting strategies is important to improve trading approaches.
🚨Why do you need to understand cryptocurrency market charts?
Reading crypto trading charts is pretty important for anyone looking to get into crypto trading or investing. After all, these charts provide a visual representation of market data, enabling traders to make informed trading decisions.
By analyzing price movements and patterns, traders can see market trends directly on the charts — whether bullish or bearish — and make predictions about future price directions. This helps determine the best times to buy or sell assets, as well as where to set different orders to protect the trades, such as stop-loss or take-profit orders.
🚨Decoding cryptocurrency charts
One of the first things you likely notice when opening a trading platform is the option to change the type of chart displayed. Let’s start by defining the main types of charts and their common uses.
Trust me, 👐🏻👐🏻👐🏻👐🏻👐🏻 There's No get rich quick scheme in cryptocurrencies. And no one really knows which direction cryptocurrencies will take and least of all those paid groups that ask you to subscribe for the VIP membership.
They will make you lose often and win seldom and you wont be able to catch them if you lose. And just don't trust those cartoon characters on twitter — everyone is shilling the coin they hope is most likely to get pumped. For when the trade works out favourably they will tell you they are geniuses but when the trade fails they will blame it on imaginary whales.
Everyone is working around their own self interest in this sphere else why would they keep telling you that a certain coin is king but fail to explain how slow transaction speed and high fees is helping the king.
You are the small investor and they will tell you to hodl and if you believe them blindly, they will prod you to buy some other coin.
Don't ever get infatuated with the guy who charts all day, more often than not, he's simply trying to earn more followers and subscribers. That's the truth. There are no free lunches.
Never chase the green candle for what goes up, must come down. You're the hunter, not the prey.
Read — but not the Twitter and telegram sentiments. Study the white papers but that learning should be your own. You are on a mission, don't be a mere passenger. You will find yourself richer in knowledge first and after that the money will follow you.
Be patient — the first attempt towards cryptocurrencies started in 1979. Remember that, you are here for the long term.
Understand ichimoku, MACD, RSI and Stoch RSI. Invest in Tradingview, just don't pay a guy you met on Telegram. Heikin Ashi candles speak the truth. Learn about them.
Understand the power of larger time frames. You are still far from being a day trader. Believe.
Soon there will be sunshine, but the warrior has to stay in the game to reap the rewards. Don't forget putting a stop loss.
♻️Crypto fees are the fees paid to process transactions on the blockchain network.
♻️These fees are used to pay validators or miners who confirm and add transactions to the blockchain.
♻️These fees may also be referred to as "gas fees" or "network fees".
Example 👇🚨🚨🚨🚨🚨🚨 Users of bitcoins want their transactions to be included in the bitcoin network. In order to do so, you need to pay a network fee or BTC transfer fee to miners. By making the payment, you can ensure that your transaction has been included within the network in a timely manner.
The higher the fee that is paid, the greater the possibility of instant processing. As there is limited block space available, users pay BTC transaction fees. It is undoubtedly a smart move that gives rise to a win-win situation for both miners and bitcoin users. The miner receives the reward once the validation of a new block is complete.
Determining Bitcoin Transaction Fees In order to determine Bitcoin transaction fees, certain variables must be taken into account. The two most important factors that you need to bear in mind are size and the demand for block space. The size is the data volume relating to the particular transaction. The block space demand that has been made by the user is equally important and can influence the fee that has to be paid.
Typically, if a user wants their transaction to be confirmed immediately, they need to pay a higher btc transfer fee. This is because there exist certain limits that have to be taken into consideration. A block can encompass a specific volume of data. Thus, the number of transactions that can be processed in a block is limited. Users who want to engage in large transactions generally have to pay a hire fee.
💎Apple, X, and Airbnb among growing number of Big Tech firms exploring crypto adoption.
💎Stablecoins have become a buzzy topic in Silicon Valley over the past year.
💎The crypto industry has long sought a “killer app” to bring blockchains into the financial mainstream and, in stablecoins, it may have found one. Banks and fintechs are rapidly adopting stablecoins—digital tokens pegged to the value of the dollar—and now Big Tech firms are poised to do the same. According to sources familiar with the matter, Apple, X, Airbnb, and Google are all holding early conversations with crypto firms about integrating stablecoins.
💎The sources, who spoke with Fortune on the condition of anonymity to discuss private business conversations, said the firms view adoption of the crypto assets as a means to lower transaction costs and optimize cross-border payments.
💎Apple, X, Airbnb, and Google are not the only Big Tech names exploring stablecoins. Others include Meta, which is once again leaning into the payment technology after abandoning an ambitious earlier push that failed in the face of regulatory backlash. Uber CEO Dara Khosrowshahi said the rideshare company is in the “study” phase of using stablecoins for global money transfers at a Bloomberg conference on Thursday.
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