Crypto Mahfuzar

Musk and Trump Clash Impacts Tesla Stock

The public feud between Elon Musk and President Donald Trump has significantly impacted Tesla's stock performance, leading to substantial market volatility and investor concern.

📉 Tesla's Stock Plunge

Tesla's shares experienced a dramatic 14% drop, erasing approximately $152 billion in market capitalization, Musk's public criticism of Trump's "One Big Beautiful Bill" tax legislation. This decline marked Tesla worst single-day performance since the COVID-19 pandemic.

The stock's downturn was further exacerbated by threats from Trump to revoke federal contracts and subsidies Tesla, including potential cuts to electric vehicle tax credits.

📈 Partial Recovery Amidst Uncertainty

Despite the initial plunge, Tesla's stock rebounded by over 5% the following day, closing at $295.14. This recovery was fueled by investor optimism over potential reconciliation between Musk and Trump, although the White House indicated that Trump was not interested in engaging with Musk at that time.

🔍 Broader Market Implications

The Musk-Trump conflict has raised concerns about the influence of high-profile individuals on market stability. Former JPMorgan strategist Marko Kolanovic warned that the feud could trigger a broader market correction of 5% to 10%, particularly affecting momentum-driven stocks like Palantir and Super Micro, which are closely tied to Tesla's performance.

📊 Tesla's Valuation and Future Prospects

Analysts have expressed concerns about Tesla's high valuation metrics, with a forward P/E ratio of 118.9 and a price-to-sales ratio of 8.6, which may not be sustainable given the company's recent performance. Additionally, Tesla faces challenges such as declining sales in Europe, increased competition from Chinese automaker BYD, and reputational damage from nationwide protests linked to Musk's political activities.

🔮 Outlook

While Tesla's stock has shown some resilience, the ongoing political tensions and potential policy changes pose significant risks to the company's future performance.

Singapore to Block Unlicensed Trading Platforms Octa and XM

As of June 2025, Singapore has not officially banned OctaFX or XM. However, both platforms are not licensed by the Monetary Authority of Singapore (MAS), placing them in a regulatory grey area.

⚠️ Regulatory Status

OctaFX: Not licensed by MAS; operates via offshore entities. Users lack local investor protection.

XM: Also unlicensed in Singapore. While regulated elsewhere (e.g., ASIC, CySEC), these protections don't extend to Singaporean traders.

🌐 International Warnings

Malaysia: OctaFX is on Bank Negara Malaysia's Financial Consumer Alert List.

Philippines: Authorities have ordered the blocking of OctaFX's website for operating without proper licenses.

⚠️ Risks

Using unlicensed platforms means:

No MAS oversight or support.

Limited legal recourse in disputes.

Potential exposure to unethical practices.

✅ Recommendation

For safety, trade only with MAS-licensed platforms listed in the Financial Institutions Directory. Always verify a broker's regulatory status before investing.

Ethereum(ETH) Surpasses 2,500 USDT with a 0.97% Increase in 24 Hours


As of June 7, 2025, Ethereum (ETH) has surpassed the $2,500 mark, trading at approximately $2,499.23 USD, reflecting a 0.64% increase over the past 24 hours.

This upward movement is attributed to several factors:

Institutional Investment: There has been a continuous inflow into Ether-focused exchange-traded funds (ETFs), indicating growing institutional interest.

Corporate Adoption: Companies like BioNexus Gene Labs and SharpLink Gaming have been accumulating ETH as a treasury asset, contributing to sustained demand.

Reduced Exchange Supply: A decrease in ETH held on centralized exchanges suggests that investors are opting to hold their assets, reducing immediate selling pressure.

Technical analysis indicates that ETH has rebounded from key support levels, with strong buying interest observed around $2,584. Analysts are watching resistance levels at $2,645 and $2,700, which, if surpassed, could signal further bullish momentum.

Additionally, a significant $2 million call option bet has been placed, anticipating ETH to reach between $3,200 and $3,400 by the end of June, reflecting bullish sentiment among some traders.

While Ethereum has yet to reclaim its all-time high of $4,891 set in November 2021, the current market dynamics suggest a positive outlook for the cryptocurrency.

#Ethereum
Ether ETFs Experience Continued Inflows Amid Market Volatility


Despite recent market volatility, Ethereum (ETH) exchange-traded funds (ETFs) have continued to attract significant institutional investment.

As of June 6, 2025, U.S.-based spot Ether ETFs have recorded 15 consecutive days of net inflows, totaling $837.5 million since May 16. This accounts for approximately 25% of the total $3.32 billion in net inflows since their launch in July 2024.

Notably, on June 5, Ethereum ETFs attracted $11.26 million in inflows, while Bitcoin ETFs experienced $278.44 million in outflows. This divergence suggests a growing institutional preference for Ethereum during periods of market uncertainty.

However, on June 7, Fidelity's Ethereum ETF reported zero net inflows, indicating a potential pause in new institutional investments for that day.

Despite these inflows, Ethereum's price has experienced volatility, dropping from $2,600 to $2,390 on June 6 before recovering to around $2,490. This fluctuation was accompanied by significant profit-taking, with over $600 million realized in the past two days.

The sustained inflows into Ether ETFs, even amid price volatility, underscore a growing institutional confidence in Ethereum's long-term prospects. Investors appear to be leveraging these ETFs as a regulated avenue to gain exposure to Ethereum, signaling a maturation of the cryptocurrency market.

#MarketPullback
What is a Market Pullback?

A market pullback is a temporary reversal or decline in the price of a stock, asset, or the overall market, following a period of upward movement. It’s generally seen as a short-term drop, often between 5% to 10%, that happens before the market resumes its upward trend.

Key Points About Market Pullbacks:

Not a full reversal: It’s different from a bear market or a full downtrend; a pullback is usually a pause or correction within an overall uptrend.

Common and healthy: Pullbacks are normal and can help prevent markets from overheating.

Opportunity for buyers: Many traders see pullbacks as opportunities to buy at a slightly lower price during an ongoing bullish trend.

Causes: Pullbacks can be caused by profit-taking, minor negative news, or temporary shifts in investor sentiment.

Example

Imagine a stock rising steadily from $100 to $120, then dropping back to $110 before continuing its rise. That drop from $120 to $110 is a pullback.

#UMAUSDT.
As of June 6, 2025, the UMA/USDT trading pair is experiencing notable volatility across various exchanges.

UMA (Universal Market Access) is a decentralized finance (DeFi) protocol that enables the creation of synthetic assets and decentralized oracles. The UMA token serves as collateral for these synthetic assets and participates in the governance of the protocol. The current price reflects a significant increase from its all-time low of $0.8986 in April 2025, indicating a recovery trend.

For real-time trading and further analysis, you can monitor UMA/USDT on platforms like Binance, Gate.io, or TradingView.

SEC Announces Agenda for June 9 DeFi Roundtable

📢 SEC DeFi Roundtable: “DeFi and the American Spirit”

🗓 Date: June 9, 2025 | ⏰ Time: 1–5 p.m. ET 📍 Location: SEC HQ, 100 F Street NE, Washington, D.C. & Online 🎥 Webcast: Free, no registration required (link on SEC website)

🔹 Agenda Highlights:

Opening Remarks: SEC Chair Paul Atkins, Commissioners Crenshaw, Uyeda & Peirce

Panel Discussion (1:30–3:00): Experts from Coin Center, Jito Labs, Wharton, and more

Town Hall (3:30–4:55): Public Q&A (email: [email protected])

Closing: Commissioner Hester M. Peirce

🎯 Purpose:

To explore DeFi innovation, risks, and regulation. This is the 4th session in the SEC’s Crypto Task Force series.

✅ Join to stay ahead of DeFi policy and innovation. No registration needed to watch online!

Glassnode Highlights Key Support Levels Amid Bitcoin Sell-Off

📉 Glassnode Analysis: Key Levels Amid Sell-Off

Support levels to watch: Glassnode’s on‑chain data highlights two critical support zones — $103,700 and $95,600. A breakdown below these could signal deeper downside if demand subsides .

Resistance zone: The upper resistance band near $114,800, derived from short‑term holder statistics, marks where renewed bullish momentum could stall .

Long-term holder selling: Profit‑taking by LTHs following recent ATH (~$111.8K) is weighing on momentum, pointing to a potential shift into a consolidation or even distribution phase .

🔍 Current Market Context

Bitcoin briefly dropped under $103K, touching around $102.7K — down roughly 2.3% in 24 hours .

On-chain metrics show shorter‑term holders are now trading near their cost‑basis bands. A key intermediate support lies at the short‑term holder cost‑basis (historically around $92K), with a lower 1σ threshold near $71K .

📊 What to Watch for Next

Holding $103.7K


A slip below could accelerate the sell-off toward $95.6K or even further.

Volume & Profit Realization

Daily realized profits recently peaked at $1.47B, indicating LTHs are cashing out . Cooling profit-taking likely needs to precede stabilization.

Market sentiment / macro factors

Continued ETF outflows or wider risk‑off moves (e.g., stock market declines) could pressure BTC further.

📌 Summary Table

Level Significance

$114,800 Resistance — bullish breakout needed $111.8–114K ATH region where LTH profits taken $103,700 First major support zone $95,600 Next critical support if softening $92,000 Short‑term holder cost basis $71,000 Lower statistical threshold (−1σ)

✅ Final Take

Glassnode’s latest on‑chain data paints the current period as a pivotal consolidation or distribution phase. If Bitcoin holds above $103.7K, it may suggest continued resilience. But a break under that level — or especially under $95.6K/$92K — could trigger a deeper pullback.

Major Tech Companies Explore Cryptocurrency Adoption

🔍 Crypto Adoption by Major Companies – At a Glance

Bitcoin Treasuries: Firms like MicroStrategy and newcomers like GameStop and MetaPlanet are holding Bitcoin as part of their corporate reserves.

Crypto IPOs & ETFs: Circle’s $1B+ IPO success may lead other firms like Kraken and Gemini to go public. Trump Media is launching a Bitcoin ETF.

Political Support: Under Trump, the U.S. is becoming more crypto-friendly, easing regulations and encouraging innovation.

Blockchain Integration: Big names like Microsoft, Mastercard, Amazon, and Goldman Sachs are embedding blockchain in payments, trading, and logistics.

Mass Adoption: BlackRock calls crypto one of the fastest-growing technologies. Platforms like IG Group are expanding retail crypto access globally.

Tech Giants Explore Stablecoin Integration Amid Growing Interest

🏢 Meta (Facebook/Instagram/WhatsApp) Exploring Stablecoins

Recent reports indicate Meta is back exploring stablecoins for cross-border and creator payouts, three years after shelving its Diem project.

Platforms considered: Tether’s USDT and Circle’s USDC, possibly alongside other stablecoins .

Goals: Enable low-cost, near-instant payments for content creators—potentially slashing fees by up to 80%, beneficial for small or international payouts .

Status: Early-stage discussions with crypto infrastructure partners; no final decision yet .

Challenges: Regulatory scrutiny (U.S. bills like STABLE Act, GENIUS Act), privacy and security concerns especially following Diem .

💳 Other Big Players Enter the Stablecoin Space

Visa: Integrated Circle’s USDC into its payment rails for global settlements .

Stripe: Acquired Bridge (a stablecoin infrastructure firm) and is now testing a stablecoin payment product, especially aimed at markets outside the U.S./U.K./EU .

PayPal: Also exploring stablecoin use cases (cited in Coinbase newsletter) .

🌐 Why Now? Growth & Regulation

Market momentum: Stablecoin market valuation now exceeds $230–$245 billion .

Enterprise demand: Interest from financial institutions and tech companies to streamline cross-border payments and payroll .

Emerging regulation: U.S. legislators are debating frameworks like the STABLE and GENIUS Acts; the EU’s MiCA came into force in December 2024 .

🔍 Bottom Line

Meta’s renewed interest signals a shift: stablecoins are emerging not just as financial instruments but as enablers of digital economies and global content monetization. This momentum, aided by big finance and evolving regulation, could reshape how value moves online. But final outcomes hinge on regulatory clarity and user/device safeguards.

U.S. Labor Statistics Reveal Revised Employment Figures for March and April

📉 Employment Revisions for March & April

March 2025 The original report showed a gain of +185,000 nonfarm payrolls. This has now been revised down by 65,000, to +120,000 jobs .

April 2025 The initial estimate of +177,000 jobs has been revised down by 30,000, to +147,000 .

Combined Adjustment Together, March and April employment figures have been reduced by a total of 95,000 jobs .

🔍 Context & Impact

These downward revisions come as the BLS states they corrected “minor errors” in survey weighting tied to a redesigned Current Population Survey .

Despite the lower payroll figures, important headline metrics remain unchanged:

Unemployment rate has stuck at 4.2% for both March and April .

The May 2025 report, released June 6, added +139,000 jobs, with the unemployment rate still 4.3%

✅ Summary

Month Original Gain Revised Gain Revision

March 2025 +185,000 +120,000 –65,000 April 2025 +177,000 +147,000 –30,000 Total — — –95,000

The labor market appears moderately weaker than previously thought for those two months.

Nevertheless, the unemployment rate remains stable, and May’s job climb (139k) continues the trend of modest monthly gains.

📰 Key Developments: Major Stock Offering & Bitcoin ETF Strategy

Huge Stock Offering

TMTG recently filed a registration statement (S-3) with the SEC to issue up to 84.66 million shares of common stock, aiming to raise as much as $12 billion .

This follows a prior $2.44 billion financing round intended to establish a Bitcoin reserve.

Bitcoin ETF Launched

On the same day, TMTG filed a Form S‑1 with the SEC for the Truth Social Bitcoin ETF—a spot ETF directly backed by Bitcoin and planned to be listed on NYSE Arca .

The ETF sponsor is Yorkville America Digital, with Crypto.com serving as custodian .

Strategic Positioning

This dual strategy cements TMTG’s shift into becoming a cryptocurrency-centric company, following the prior $2.3 billion capital raise to build a Bitcoin treasury .

The company positions itself alongside major financial firms like BlackRock and Fidelity entering the Bitcoin ETF space—though political theater sets it apart .

Investor & Market Reaction

DJT stock dropped 8–9%, partly due to market dilution concerns from the new share issuance and ongoing public disputes .

Industry observers point to potential conflicts of interest with Yorkville America, which has financial ties to Trump Media and plans to buy large amounts of its stock .

🔍 What This Means

Impact Details

For TMTG’s Financing Raises up to $12 billion in capital; continues Bitcoin treasury buildup. For Investors New shares could dilute existing holdings; Bitcoin exposure through ETF adds a crypto play. For U.S. Crypto Policy Aligns with former President Trump’s pro-crypto stance and push to reverse prior regulations. Risks Market saturated with Bitcoin ETFs; political entanglements and conflicts of interest noted.

✅ Next Steps

SEC Approval: Watch for SEC decisions on both the S‑1 (ETF) and S‑3 (stock offering) filings.

Capital Utilization: How TMTG deploys this capital—whether for acquisitions, platform growth, or Bitcoin accumulation—is key.

Market Tracking: DJT share price and Bitcoin ETF entries will reflect investor confidence.

Bitcoin and Ethereum Options Expiry Highlights Market Trends

The recent expiration of Bitcoin and Ethereum options contracts has significantly influenced market dynamics, highlighting prevailing investor sentiments and contributing to increased volatility.

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📊 Key Highlights from Recent Options Expiries

January 3, 2025: Approximately $2.6 billion in options expired, with Bitcoin's put-call ratio at 0.69 and a maximum pain point of $97,000. Ethereum's put-call ratio stood at 0.81, with a max pain point of $3,400. These figures suggest a cautious to neutral market sentiment.

February 28, 2025: Around $5.79 billion in options expired, comprising $4.68 billion in Bitcoin and $1.11 billion in Ethereum. The put-call ratios indicated a bearish sentiment, with Bitcoin at 0.71 and Ethereum at 0.63. The maximum pain points were $96,000 for Bitcoin and $3,000 for Ethereum.

December 27, 2024: A record-breaking $18 billion in options expired, including $14.17 billion in Bitcoin and $3.74 billion in Ethereum. The put-call ratios were 0.69 for Bitcoin and 0.41 for Ethereum, indicating a bullish outlook, especially for Ethereum.

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📉 Market Impact

These expirations often lead to increased volatility as traders adjust their positions. For instance, on May 31, 2024, the expiration of $8.2 billion in options led to a 1.8% drop in Bitcoin's price and a 3% decline in Ethereum's price within hours.

Currently, Bitcoin is trading at approximately $103,440, while Ethereum is around $2,462.59.

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🔮 Outlook

The options market provides insights into investor expectations. Lower put-call ratios generally indicate bullish sentiment, while higher ratios suggest bearishness. The recent expirations reflect a mix of cautious optimism and bearishness, depending on the specific event and prevailing market conditions.

As the market continues to evolve, monitoring options data can offer valuable foresight into potential price movements and investor sentiment.

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#bnb

BNB Drops Below $640, Losing 4.11% in 25 Hours

Binance Coin (BNB) has fallen below the $640 mark, registering a 4.11% decline over the past 25 hours. This drop reflects heightened volatility across the broader crypto market, with traders closely monitoring support levels amid shifting sentiment and macroeconomic cues.

Market Sentiment Turns Bearish as Funding Rates Decline


The cryptocurrency market is currently experiencing a shift towards bearish sentiment, as indicated by declining funding rates and recent price movements.

📉 Funding Rates Signal Bearish Sentiment

Funding rates, which are periodic payments between long and short positions in perpetual futures contracts, serve as a key indicator of market sentiment. When these rates turn negative, it suggests that traders are predominantly taking short positions, anticipating further price declines. Recent data shows that Bitcoin's funding rate has turned negative, with a rate of -0.0008%, indicating a bearish outlook among traders .

Additionally, funding rates across both centralized and decentralized exchanges have dropped below 0.005%, reinforcing the bearish sentiment in the market .

💹 Bitcoin Price Update

Bitcoin's price has recently fallen below the $105,000 mark, a decline attributed to investor caution amid broader macroeconomic concerns and profit-taking activities . Despite some positive developments in the cryptocurrency industry, such as JPMorgan's plans to accept crypto-linked assets as loan collateral, the market has not been immune to these downward pressures .

🔍 Implications for Traders

The current negative funding rates and price declines suggest that traders are positioning themselves for potential further downturns in the market. However, it's worth noting that historically, extreme negative funding rates have sometimes preceded short-term price recoveries, as markets rebalance from oversold conditions .

Traders should remain vigilant, monitoring funding rates and other market indicators to inform their strategies. While the current sentiment is bearish, market conditions can change rapidly, and being prepared for potential reversals is crucial.

Cryptocurrency Market Sees Mixed PerformanceWith TRX Leading Gains

The cryptocurrency market has exhibited mixed performance recently, with TRON (TRX) standing out as a notable gainer. As of June 6, 2025, TRX is trading at approximately $0.2764, reflecting a modest daily increase of 0.013% .

Several factors have contributed to TRX's recent upward momentum:

1. Incentives for Meme Coin Development: TRON founder Justin Sun announced a six-month incentive program offering zero trading fees, unlimited free energy, and up to $1 million in funding for developers creating meme coins on the TRON network. This initiative aims to boost activity and demand for TRX .

2. Institutional Investment: World Liberty Financial (WLFI), associated with former President Donald Trump, purchased 19.3 million TRX tokens worth approximately $4.7 million. This acquisition led to a 450% surge in whale transactions, indicating increased institutional interest .

3. Launch of USDD 2.0 Stablecoin: The introduction of USDD 2.0, a redesigned stablecoin promising a 20% annual yield, has reignited investor interest in TRX. The announcement led to a 7% price increase and nearly $1 billion in trading volume within 24 hours .

4. Strategic Exchange Investment: Crypto exchange Bitget invested $10 million in TRX, enhancing liquidity and signaling confidence in the TRON ecosystem .

Despite these positive developments, TRX has experienced some volatility, with prices retracing from recent highs. Analysts suggest that maintaining support levels around $0.17 is crucial for sustaining the bullish trend .

In summary, TRON's proactive initiatives and increased institutional participation have positioned TRX as a leading performer in the current cryptocurrency market landscape.

Betcoin News Bitcoin Hash Ribbons Flash Rare Buy Signal for 3rd Time in 2025 Is Another Rally Coming

Bitcoin's Hash Ribbons indicator has flashed a rare "buy" signal for the third time in 2025, signaling a potential bullish phase ahead. This indicator, which analyzes the 30-day and 60-day moving averages of Bitcoin's hash rate, suggests that miner capitulation has ended—a historically reliable precursor to price rallies.

Historically, this signal has been accurate in 85% of cases, often marking macro bottoms and leading to significant price increases. For instance, after the last signal in October 2024, Bitcoin's price rose from $68,000 to $108,000.

Currently, Bitcoin is trading around $104,613, having recently rebounded from a dip to approximately $84,500 in March. Analysts are optimistic, with some predicting a return to $100,000 in Q2 2025, supported by strong technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD).

While the Hash Ribbons signal is a strong bullish indicator, it's essential to consider other market factors and conduct thorough research before making investment decisions.

Truth social Submits Bitcoin ETF application to SEC

On June 3, 2025, NYSE Arca submitted a Form 19b-4 filing to the U.S. Securities and Exchange Commission (SEC) to list the Truth Social Bitcoin ETF, a spot Bitcoin exchange-traded fund (ETF) associated with Trump Media & Technology Group (TMTG). This move signifies TMTG’s continued expansion into the cryptocurrency sector, aligning with President Donald Trump’s pro-crypto stance.

Key Details of the Truth Social Bitcoin ETF:

Sponsorship and Management: The ETF is sponsored by Yorkville America Digital, a partner of TMTG.

Custodianship: Foris DAX Trust Company, known for safeguarding Crypto.com’s assets, is designated as the custodian.

Investment Objective: The fund aims to track the spot price of Bitcoin, providing investors with direct exposure without the need to hold the cryptocurrency themselves.

Regulatory Process: The SEC has 45 days to decide on the application, with the possibility of extending the review period up to 240 days.

Trump Media’s Strategic Move into Bitcoin:

This filing follows TMTG’s recent announcement of raising over $2.3 billion through the sale of new common shares and convertible debt to establish a Bitcoin treasury reserve. This initiative positions TMTG as a significant player in the cryptocurrency space, aligning with other Bitcoin-accumulating public firms.

BTC Market Context and Implications:

The Truth Social Bitcoin ETF enters a competitive market, with over 11 similar funds already approved by the SEC since January 2024. Despite the crowded space, the association with President Trump and the Truth Social brand could attract a unique investor demographic.

Political and Ethical Considerations:

The intertwining of political influence and financial ventures raises questions about potential conflicts of interest. Critics argue that leveraging political positions for personal financial gain could undermine public trust. However, supporters view this move as a step towards mainstream adoption of cryptocurrencies.

#US
In April 2025, the U.S. trade deficit narrowed significantly, surpassing economists' expectations. The overall trade deficit decreased to $61.6 billion, down from a record $140.5 billion in March .

Specifically, the goods trade deficit contracted by 46% to $87.6 billion, the smallest since December 2023. This was primarily due to a nearly 20% drop in imports, as businesses reduced foreign orders following President Trump's announcement of higher tariffs . Exports, meanwhile, increased by 3.4% to $188.5 billion .

The narrowing deficit is expected to positively impact second-quarter GDP growth, with the Atlanta Fed revising its estimate to 3.8% from 2.2% . However, economists caution that this improvement may be temporary, as businesses might resume imports ahead of the delayed tariff implementations set for July and August.

#Squar2earn
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