ZyCrypto

The new month is kicking off with renewed interest in cryptocurrencies from market participants expressing bullish sentiments for leading assets like Bitcoin and other notable altcoins.

In the artificial intelligence (AI) ecosystem, AI models make noteworthy price forecasts for these assets, citing fundamental developments as key factors influencing a bullish price action.

More recently, China’s artificial intelligence model DeepSeek made a bullish price prediction for a handful of alternative cryptocurrencies, including Cardano’s native token ADA.

The AI model, regarded as China’s most advanced, predicts that the 10th largest cryptocurrency by market cap could leap to $7. According to technical indicators, the price could be attained by the end of 2025.

At its current price of $0.68, a 10X price rally can be considered a bold price prediction for the altcoin. As such, prolonged bullish momentum is essential for the price prediction to come to fruition.

At the time of this report, ADA is up by 0.44%, a mild hourly gain that is setting the pace for a much-needed upward correction following a sharp decline this week. ADA sustained a total of 7% in losses over the last seven days as the broader crypto market tumbled.

Emerging as the 3rd highest loser this week, an increase in buying pressure could prepare the bulls for a break above the nearest resistance at $1.10, although ADA is nearing a strong support level.

Like ADA, the DeepSeek AI model is making a bullish price call for XRP, with a year-end price target of $5. While doubling its press time price of $2.12 may or may not be a hurdle for XRP bulls in the long term, the altcoin is likely to face a major test around the $3 price level if the bulls can sustain momentum at the $2 support area in the near term.

As chaos ensues over the increasing U.S. deficit amidst the continued trade wars that followed Trump’s increased tariff rates, cryptocurrency personalities are speaking up about the possible impact of the ongoing development on Bitcoin.

Billionaire investor Tim Draper is one such figure, convinced that Bitcoin could benefit positively from the persistent volatility recorded in the traditional finance market.

In a recent post shared to X, Draper doubled down on his previous forecast for Bitcoin, with a price target of $250,000. The billionaire investor told his 268,000 followers that Bitcoin could kick off a bullish marathon this year, despite hitting a new all-time high 15 days ago. 

“Bitcoin might go infinite against the dollar. On the heels of the recent surge, I’m still expecting Bitcoin to reach $250,000 this year. Whether Bitcoin will keep gaining ground that fast, who knows.” He wrote.

Outlining the main factors responsible for “pushing Bitcoin forward” at this time, Draper pointed to renewed optimism from market participants, as President Trump works out trade deals, the incoming regulatory frameworks essential for the provision of market clarity, and the increase in Web3 applications built on the Bitcoin blockchain.

He observed that traditional banks are adding to their offerings, noting that JP Morgan plans to join the race, while businesses pile in— a development he believes could bring about mainstream adoption. 

He went on to make the following observations; 

“Bitcoin is extremely low risk compared to some other cryptocurrencies and stocks because people believe in it.

It’s earning the title of a store of value.

Meanwhile, Layer 2 solutions give Bitcoin the flexibility of Ethereum while keeping a solid foundation.

The smart money sees what comes next.”

Meanwhile, Bitcoin kicked off June with an opening price of $104,637 and traded at an intraday high of $105,884. On Thursday, Bitcoin sharply declined as selling pressure intensified, resulting in a revisit to the $100,000 price mark. Down 8.12% from its all-time high of $111,970, with a 2.04% decline in market cap value, Bitcoin is trading at a press time price of $107,598.

U.S.-listed spot Ethereum exchange-traded funds pulled in $240.3 million in inflows on Wednesday, representing their best daily performance since early February, data compiled by SoSoValue shows.

Ether ETFs Continue Hot Streak

Data indicates that BlackRock’s ETHA led the pack, attracting $163.6 million in fresh funds. The massive inflow coincides with Ethereum’s jump above the $2,800 mark for the first time in almost four months.

The last time the inflows into the nine ETH ETFs surpassed that threshold was on February 2, when investors added $276 million into BlackRock’s ETHA, and Ethereum’s price hovered at around $2,900.

Fidelity’s FBTC had an inflow of $37.28 million, Grayscale’s Mini Ethereum Trust and Bitwise’s BITW also posted minor inflows. Wednesday was the 18th consecutive session with positive flows for the spot ETH ETFs, underscoring the improving sentiment towards the underlying asset.

Notably, the Ether ETFs outpaced flows into their spot Bitcoin counterparts, which gathered $164.5 million inflows on Wednesday. Since they went live last July, the Ethereum products have recorded around $3.74 billion in net inflows.

ETH Price Rally Imminent?

According to CoinMarketCap data, Ethereum was trading at around $2,742, representing a 2.3% decline over the past day. While Bitcoin recently registered a new all-time high above $111,000, the second-biggest crypto by market cap remains over 43% below its 2021 peak of around $4,878.

Despite falling out of investors’ favor and vastly underperforming BTC this year, the ETH ETFs are enjoying a resurgence as President Donald Trump’s family has, in recent months, revived interest in altcoins and decentralized finance (DeFi) applications.

That being said, the healthy flows reflect the market’s increasing optimism. The money flows could help Ether surpass its three-year-old price record in the coming months.

Nate Geraci, president of The ETF Store, has forecasted the next spot crypto exchange-traded fund (ETF) to secure approval from the US. Securities and Exchange Commission (SEC).

In a recent post, Geraci suggested that an ETF directly tracking the price of Solana (SOL) may not be next in line for a green light. In his opinion, America’s top financial cop could approve a Grayscale multi-token fund containing XRP and Cardano before the spot SOL ETFs.

Grayscale’s Digital Large Cap ETF To Be Approved Next?

Nate Geraci believes the Grayscale Digital Large Cap Fund might be “first in line for approval before spot sol ETFs.”

Asset manager Grayscale filed to convert the existing private fund into a publicly available exchange-traded fund last October. The SEC later acknowledged the application in late 2024.

The Grayscale Digital Large Cap Fund, which was created in 2018, holds a crypto index portfolio comprising Bitcoin (BTC), Ether (ETH), Ripple’s XRP, Cardano (ADA), and Solana (SOL).  

The fund heavily leans towards BTC with a 78.77% weighting at press time, according to the Grayscale site. The rest includes ETH with 12.40%, while XRP, SOL, and ADA take up 4.86%, 3.04%, and 0.93%, respectively.

As of June 12, the fund has roughly $796 million in assets under management (AUM) and is only available to accredited investors. Observers are hopeful about its approval odds because it contains only a tiny portion of altcoins with lower liquidity. 

Crypto index ETFs became a focus for issuers after a hybrid Bitcoin-Ethereum fund debuted last year amid a softer stance on digital asset regulation in the US. In December, the SEC greenlighted the first batch of combo crypto ETFs sponsored by Hashdex and Fidelity. It remains to be seen whether the regulator will approve one consisting of other altcoins such as SOL and XRP.

SOL ETF Approval Odds

A slew of spot ETF filings from would-be issuers like VanEck, Grayscale, 21Shares, Bitwise, and Canary Capital suggest strong demand for regulated SOL investment vehicles. 

As ZyCrypto reported earlier, Bloomberg senior ETF analyst Eric Balchunas thinks the SEC could “act early” on Solana and staking ETF filings, pegging the approval odds at 90%.

“Get ready for a potential Alt Coin ETF Summer with Solana likely leading the way.”

Approval of these funds could unlock institutional capital, boost demand for SOL, and potentially propel prices higher, with some strategists forecasting targets as high as $500.

Embattled video game retailer turned meme stock GameStop announced Wednesday that it plans to offer $1.75 billion worth of convertible senior notes to investors, seemingly in a bid to raise funds for additional Bitcoin purchases.

GameStop Plans $1.75 Billion Raise 

GameStop is set to offer a $1.75 billion convertible senior note offering.

The notes, which carry no interest, will mature in June 2032, the US video game and consumer electronics retailer said, adding that the offering’s conversion price will be determined later. 

The offering includes an option for initial purchasers to buy an additional $250 million in notes within two weeks of the initial issuance. Notably, the notes are only available to qualified institutional buyers

The company didn’t explicitly say in the blog post that the proceeds would be used to fund additional Bitcoin purchases, but said it plans to make investments in a manner consistent with GameStop’s investment policy in addition to potential acquisitions. Gamestop announced in March that it had updated its investment policy to include Bitcoin’s use “as a Treasury Reserve Asset.”

GameStop’s move to adopt the world’s oldest and largest crypto as a treasury reserve asset reflects a growing trend among public and private companies turning to Bitcoin to safeguard cash reserves or reposition themselves as Bitcoin acquisition vehicles.

GameStop Recently Purchased $500 Million in BTC

GameStop completed its initial offering of convertible senior notes in early April, a $1.5 billion offering that left GameStop with $1.48 billion in net proceeds.

Part of the proceeds was used to scoop up 4,710 Bitcoin — worth $513 million at the time — on May 28. The company’s 4,710 Bitcoin stash currently positions it as the 13th largest corporate Bitcoin holder, according to data tracked by BitcoinTreasuries.NET.

However, GameStop’s shares have tumbled over 9% from $28.36 since the company signaled that it plans to accumulate Bitcoin on March 26.

The latest offering follows GameStop’s latest earnings report, which shows lackluster year-over-year sales. Moreover, its first-quarter revenue fell 17% to $732.4 million, down from $881.8 million a year ago.

After falling more than 5% in Wednesday’s trading session, the company’s stock dropped another 10% in after-hours trading following the poor Q1 earnings. 

Will GameStop’s Bitcoin-buying plan ultimately be the catalyst that snaps GME shares out of the downtrend?

As XRP exchange-traded fund (ETF) filings continue going through the roof, the third-largest cryptocurrency might be getting ready to skyrocket.

This development is supported by the fact that a hidden bullish divergence is popping up.

Market analyst Javon Marks acknowledged, “With this Hidden Bullish Divergence already confirmed in textbook fashion on $XRP, a continuation move higher could be only a matter of time, and being the largest ‘post-breakout’ pattern prices have exhibited thus far, a continuation move can be of substantial size.”

A bullish divergence usually depicts the weakening of selling momentum despite an asset’s price dropping. This emerges because, in spite of an asset making lower lows, technical indicators, such as the stochastic oscillator or the relative strength index (RSI), are making higher lows.

Therefore, there is light at the end of the tunnel for XRP.

Is XRP Eyeing an 86% Price Increase?

XRP looks set to hit the psychological price of $5 upon exiting an ascending triangle.

These sentiments were recently echoed by renowned market analyst Ali Martinez, who stated, “XRP is gearing up for a breakout from this ascending triangle, which could trigger an 86% price move.”

According to CoinMarketCap data, XRP was up 3.3% in the past week to hit $2.25.

An explosive breakout is expected with XRP ETF filings continuously painting a bullish picture.

This is because the United States Securities and Exchange Commission (SEC) recently acknowledged that it had received spot XRP ETF filings from leading asset managers, such as Canary Capital, Wisdom Tree, and Bitwise.

SkyBridge’s Anthony Scaramucci, while speaking at the Solana Accelerate conference, made some key predictions about the Solana ecosystem.

Scaramucci most notably affirmed that bringing Initial public offerings (IPOs) on-chain is possible and allows non-traditional users affiliated with banks to purchase IPOs through their wallets.

“You can actually crowdsource the public offering through the tokenization process.” He remarked.

When asked about the state of institutional investors and their interest levels in Solana, he revealed that he was authoring a book on Solana titled “Solana Rising”. 

While interviewing Chief technology officers from around Wall Street for the book, he revealed that Solana’s scale, functionality, affordability, and throughput position the network to become one of the principal rail systems.

“If Bitcoin is the operating layer for money, Solana will be the operating layer for real-world assets, stocks, bonds, and tokenization.” He asserted.

Speaking of skeptics, particularly Jamie Dimon, the CEO of JP Morgan Chase, who maintains that he is not a fan of Bitcoin and has shown almost no interest in the broader crypto market, Scaramucci believes he will “come around.” 

He explains that Dimon, who is surrounded by Senator Elizabeth Warren, who is tasked with regulating the financial system, is understandably “towing the line.” He further credits the Trump administration for reshaping the system. 

Scaramucci conclusively disclosed that what he and Michael Saylor have their gaze fixed upon is the process of assets transitioning into yield-bearing assets. 

“Solana certainly, you have the staking situation but Solana is going to be a healthy enough operating system where you’re going to be able to lend your Solana out, go to a Goldman Sachs of crypto like a Galaxy post up your Solana. Sure, you’ll get your staking, but you will also be able to lend it out and get yield in addition to that.” He remarked.

Billionaire investor Paul Tudor Jones is worried about the state of the U.S. economy and its mounting debt. His investing solution to hedge against inflation includes buying commodities such as Bitcoin. US national debt currently stands at $37 trillion and counting.

Jones argued that the U.S. is stuck in a “debt trap” and that policymakers will likely keep real interest rates below inflation to reduce the burden, the veteran investor told Bloomberg TV on June 11.

President Trump will likely tap an “uber-dovish” Fed chairman to replace Jerome Powell, whose tenure at the central bank is set to end in 2026. That means higher prices, lower purchasing power, and bigger risk for traditional portfolios, Jones, who founded hedge fund Tudor Investment Corporation, noted. In other words, the only way a nation gets out of such high debt is to inflate its way out of it.

To hedge against that ugly scenario, Tudor Jones thinks every portfolio should consist of Bitcoin, gold, and stocks.

“It would be some combination of vol-adjusted bitcoin, gold, and stocks,” Jones opined, highlighting that BTC’s price swings are much more wild than those of gold, so the sizes of the positions should vary. Still, he astutely clarified: “That’s probably your best portfolio to fight inflation.”

Notably, Bitcoiners have long touted the flagship cryptocurrency as a hedge against inflation, just like the yellow metal. Jones has oftentimes stated in the past that he likes Bitcoin and that the asset can be held by investors in times of economic uncertainty. 

Though he previously suggested allocating 5% to BTC, he refused to give a figure during the recent Bloomberg interview  — though he doubled down on his strong belief in the crypto.

The legendary investor’s comments come after the Consumer Price Index accelerated to a year-on-year pace of 2.4% in May, indicating that U.S. President Donald Trump’s trade war has had a limited impact on the economy.

At around $109,536, the price of BTC is up more than 64% in the year to-date, according to crypto data provider CoinMarketCap. Analysts are eyeing price targets for BTC past its current all-time high of $111,814.

Solana (SOL) continues to elbow other blockchains in terms of transaction volume and daily active addresses.

Source: Crypto King

Outperforming other networks means Solana has more daily unique users making transactions, such as utilizing decentralized finance (DeFi) apps, minting non-fungible tokens (NFTs), and sending tokens. 

Solana is not only driving strong ecosystem growth and user engagement but also social engagement.

Notably, SOL is experiencing almost twice the number of Ethereum social engagements at 45.11 million compared to the latter’s 25.24 million.

Source: Crypto King

What does this mean? Social engagement refers to conversations and interactions on social media platforms such as Telegram, X, and Reddit.

Therefore, more people are reacting, sharing, or talking about content related to Solana than they are to Ethereum.

Is Solana Eyeing a Leg Up as Higher Lows Pop Up?

According to market analyst Crypto Paykash, “SOL has formed a higher low and is now pushing back toward the range highs. If it can break through that key resistance zone ($182-$194), a new all-time high could be next.”

Source: Crypto Paykash

The analyst believes that Solana has the potential of breaching its all-time high (ATH) price of $293 set earlier this year if it smashes major resistance at the $182 to $194 level.

At the time of writing, Solana was hovering around $164.85, representing a 4.8% increase in the past week, according to CoinGecko data. 

Meanwhile, banking giant Standard Chartered recently released a detailed forecast about Solana reaching the psychological price of $500 by 2029.

Eight Ukrainian lawmakers submitted a draft bill that would authorize the country’s National Bank to add cryptocurrencies like Bitcoin to the country’s reserve.

Submitted to Ukraine’s parliament, the Verkhovna Rada, on Tuesday, bill number 13356 proposes amendments to the law “On the National Bank of Ukraine” regarding the addition of crypto assets to the traditional reserves, including gold and foreign currencies.

Yaroslav Zheleznyak, who sponsored the bill, serves as first deputy chairman of the Committee on Finance, Tax and Customs Policy. In a post on Telegram, Zheleznyak described the bill as a “step [to] integrate Ukraine into global financial innovations.”

However, he noted that the National Bank of Ukraine (NBU) would retain full control over whether, how much, and when to allocate a portion of its reserves to crypto.

“How, when and how much should be the decision of the regulator itself,” Zhelezniak wrote.

Crypto Reserves To Strengthen Macroeconomic Stability

Zheleznyak clarified that if the bill became law, the policy would not demand the NBU to acquire crypto as part of state reserves; it would only have the option of doing so. Nonetheless, the lawmaker asserted that creating a crypto reserve would integrate Ukraine into global financial innovations.

“Proper management of crypto reserves will help strengthen macroeconomic stability and create new opportunities for the development of the digital economy,” he explained.

Ukraine already holds 46,351 BTC, valued at over $5 billion, a figure trailing the holdings of the U.S., China, and the U.K., according to data tracked by BiTBO.  

Global Crypto Reserve Spree

In 2021, El Salvador became the first country in the world to make Bitcoin legal tender and establish a BTC reserve. The Latin American nation has continued accumulating the maiden crypto for its reserve despite efforts by the International Monetary Fund to freeze crypto acquisitions.

In the United States, President Donald Trump earlier this year signed an Executive Order paving the way for a “digital Fort Knox” strategic Bitcoin reserve and a separate Digital Asset stockpile.

Other countries, such as the Czech Republic, Brazil, and Pakistan, have also been moving towards integrating digital currencies into their financial systems. The bill’s passing would put Ukraine on this ever-growing list of nations mulling the future of crypto assets.

Ripple just notched a major win as Guggenheim Treasury Services, a subsidiary of financial services giant Guggenheim Partners, has brought its flagship on-chain Digital Commercial Paper (DCP) product to the XRP Ledger (XRPL).

Digital Commercial Paper Now Live On XRPL

Initially launched on Ethereum last September, Digital Commercial Paper (DCP) is a kind of fixed-income asset secured by U.S. Treasuries and rated Prime-1 by Moody’s — the highest rating available for such instruments. 

Firms issue commercial paper when they need to raise funds for their immediate operational needs, such as payroll or other short-term financial obligations. The product is fully backed by maturity-matched US Treasuries with customized maturity options of up to 397 days. 

DCP is now fully tokenized and ready for real-time finance on the XRP Ledger, with the move being managed through the Zeconomy platform.

Apex 2025: Digital Commercial Paper DCP is now live on the XRP Ledger. Administered by Guggenheim Treasury Services, one of the largest independent commercial paper platform managers in the world and powered by Zeconomy: https://t.co/Ic4YdUnNryWith $280M+ in issuance, DCP is…

— RippleX (@RippleXDev) June 10, 2025

Markus Infanger, Senior Vice President of RippleX, said that as part of the collaboration, Ripple would explore its use for cross-border payments, including potential purchases with Ripple’s dollar-pegged stablecoin, RLUSD.

“We’re at a tipping point where tokenization is evolving from experimentation to production in global financial markets,” Infanger said in a statement.

As highlighted in the report, since Guggenheim made DCP available on the Ethereum blockchain, it has processed over $280 million in issuance. For a new, tokenized financial product, this figure signals notable demand from institutional investors for these blockchain-based real-world assets.

With the rolling out of DCP on the XRPL, Guggenheim will leverage the network’s real-time settlement, low transaction fees, and round-the-clock accessibility, modernizing the issuance, transaction, and incorporation of commercial paper into global treasury and liquidity systems.

Ripple will invest $10 million in the DCP product as part of its wider effort to bring institutional real-world assets to the XRPL. The company has already invested in tokenized treasuries through projects such as Ondo’s OUSG and Archax.

Michael Saylor, cofounder and the executive chairman of Bitcoin-powered giant Strategy, has ruled out the chances of a full-blown crypto winter returning, at least not anytime soon.

Crypto winter, as widely known within the cryptosphere, is a period typically characterized by a cruel correction in Bitcoin prices.

According to Saylor, BTC is not going to $0 but is headed towards the $1 million per coin coveted milestone based on a number of key factors that he believes will supercharge the price of the oldest cryptocurrency.

Price Has To Rocket If $50 Million In Bitcoin Is Bought Daily

Speaking to Bloomberg on Tuesday, Michael Saylor highlighted that roughly 450 Bitcoin (BTC) are minted by miners every day. At current Bitcoin prices of $109,559 as per CoinGecko, that amount is equivalent to around $50 million.

“If that $50 million is bought, then the price has got to move up,” Saylor posited.

The Bitcoin bull further noted that the increasing number of public companies adding Bitcoin to their balance sheets is buying “the entire natural supply.” Saylor’s software intelligence-turned Bitcoin Treasury firm Strategy has amassed 582,000 BTC since it started purchasing in 2020, which is valued at around $63.59 billion, according to Saylor Tracker data.

“At the current price level, it only takes $50 million to turn the entire driveshaft of the crypto economy one turn.”

Notably, Saylor acknowledged that if Bitcoin surges to $500,000 or $1 million, it may be more realistic to expect it to fall by about $200,000 a coin.

Trump Endorsement Another Key Tailwind

According to Saylor, there are enough confirmations in the wider economy to support his all-or-nothing prediction for Bitcoin. “You have all the evidence you need to determine that,” the Strategy co-founder quipped. 

Saylor also pointed out that US President Trump’s backing of Bitcoin and his efforts to create a more friendly regulatory environment will buoy the asset’s uptrend.

Meanwhile, traditional banks have started to leverage this improving regulatory scene to foray into the fast-growing market, as they prepare to provide BTC custody services.

Growing Institutional Bitcoin Adoption

He further pointed out that demand for the scarce asset is going through the roof. For instance, BlackRock and other spot Bitcoin exchange-traded fund (ETF) issuers and nation states are buying up Bitcoin daily. Bilal Bin Saqib, head of Pakistan’s crypto council, recently disclosed that the country is set to create its own United States-esque strategic Bitcoin reserve.

Saylor described the growing demand for Bitcoin as a “digital gold rush,” suggesting the top crypto has “gotten through its riskiest period; the accounting has been corrected.” 

It’s worth mentioning that Saylor is not the only uber-bullish pundit in the crypto market. As ZyCrypto previously reported, asset manager ARK Invest bumped its “bull case” Bitcoin price target from $1.5 million to $2.4 million by the end of 2030, bolstered mainly by institutional investors and Bitcoin’s growing acceptance as “digital gold.”

The crypto industry scored two major wins last year when several asset managers secured long-awaited approvals to offer spot Bitcoin exchange-traded funds and their Ethereum-based counterparts in the U.S.

Now, a Tuesday report from Blockworks, citing three sources familiar with the matter, suggests that US regulators are moving forward in the review process required to make funds directly tracking the price of the sixth-largest cryptocurrency by market cap a reality in the United States.

SOL ETFs Are Coming Soon

One source reportedly told Blockworks that the U.S. Securities and Exchange Commission (SEC) asked would-be issuers to amend their S-1 filings in the next week, with a green light potentially being given within three to five weeks.

Specifically, the agency requested updates to language around in-kind redemptions and staking approaches, with an evident openness to including staking as part of Solana ETFs.

“Conversations around the nuances of staking Solana in ETFs are getting underway between the SEC and hopeful Solana ETF issuers.”

According to the report, the SEC will comment on the S-1 forms in the next 30 days after submission.

At least six companies are vying for a spot Solana ETF, including asset management giants Grayscale, VanEck, 21Shares, Bitwise, Canary Capital, and Franklin Templeton. A US Solana ETF would give greater accessibility for traditional investors who don’t have an account with a centralized exchange (CEX) and want some exposure to Solana.

Blockwork’s report claiming that the approval of Solana-based funds is imminent comes as Bloomberg Intelligence analysts update their odds for all spot crypto ETFs. 

Spot SOL ETF Odds Top 90%

Bloomberg’s senior ETF analyst Eric Balchunas posted to X, commenting on a note from his colleague James Seyffart that predicted, “ETFs that track broad crypto indexes may be approved by the SEC next month.”

The note also suggested that the SEC could “act early” on Solana and staking ETF filings, with Balchunas telling his followers to “get ready for a potential altcoin ETF summer with Solana likely leading the way.”

Balchunas and Seyffart peg the odds of SOL ETF approval and listing in 2025 at 90%, matching their projection for Litecoin-based ETF approval.

That being said, if and when spot Solana ETFs are greenlighted, the investor money they attract could be enormous. JPMorgan analysts have predicted that Solana ETFs could collectively pull in between $3 and $6 billion in fresh investments.

The price of SOL spiked above the $164 level in the span of minutes after the reports of spot ETF development emerged. At publication time, SOL costs $166.76 per coin, representing a 5.5% gain on the day. The token is positioned for significant growth in 2025, should the ETFs go live on US exchanges.

American Bitcoin, Hut 8’s majority-owned Bitcoin-mining unit backed by the Trump family, has accumulated 215 BTC since its launch in April, according to a recent disclosure from the company to the U.S. Securities and Exchange Commission (SEC).

In the June 6 SEC filing, the digital asset mining firm revealed it was holding 215 Bitcoin in its reserves as of May 31. Based on current prices, the stash is worth $23.6 million. According to data from CoinMarketCap, Bitcoin was changing hands at $109,605 at publication time. 

This marks the company’s first sizable Bitcoin acquisition since announcing a Bitcoin treasury play, pioneered by Michael Saylor’s Strategy — which started accumulating BTC in 2020.

American Data Center, owned by Eric Trump and Donald Trump Jr., merged with Bitcoin mining company Hut8 to form American Bitcoin in March. The Trump brothers own 20% of American Bitcoin, while Hut 8 holds the remaining 80%.

The newly established entity plans to go public as early as the third financial quarter of this year through a stock-for-stock merger with Gryphon Digital Mining and will trade on the Nasdaq under the ticker symbol ABTC.

“ABTC considers its reserve a core strategic asset, managed adaptively to support balance sheet strength with a view to enhancing long-term stockholder value. Bitcoin accumulation is not a side effect of ABTC’s business. It is the business,” the firm said.

The company added that its accumulation strategy is open-ended, suggesting that it has no fixed BTC target. Instead, it will continuously assess market conditions to raise capital when favorable and boost its holdings of the foremost cryptocurrency.

American Bitcoin’s strategy to grow its Bitcoin stash comes as a slew of public and private companies increasingly add the asset to their corporate treasuries. Companies including Trump Media, GameStop, and Champions League winners Paris Saint-Germain became the latest to announce or advance their Bitcoin treasuries, joining the likes of Semler Scientific, Cantor-backed Twenty One, and Metaplanet.

Though American Bitcoin is separate from the Trump Organization, it may eventually team up with World Liberty Financial — the decentralized finance (DeFi) platform launched by Trump’s eldest sons late last year.

Tech giant Apple should purchase Bitcoin amid the disappointing performance of its stock buyback plan. This is according to the CEO and Executive Chairman of Bitcoin treasury company Strategy (formerly known as MicroStrategy).

It all started when CNBC markets commentator Jim Cramer voiced skepticism about Apple’s buyback strategy as the company faces uncertainty over President Donald Trump’s tariffs.

“The Apple buyback is not working right now,” Cramer postulated in a June 10 post on the X social media platform. “The company can leave it to earn a lot or it can take some and integrate. It is not a badge of dishonor. It just isn’t.”

Apple, like other Wall Street giants, occasionally returns extra cash to shareholders via buybacks and dividends to help boost long-term returns for those holding the stock. It is estimated that Apple has returned over $900 billion of cash to shareholders since starting that operation in 2012.

However, Apple’s stock has plunged by over 15% since the beginning of 2025. Meanwhile, Bitcoin has climbed by over 15% during the same time frame, data from TradingView shows. Additionally, Bitcoin has grown by an impressive 1,000% over the last five years, compared with a meagre 135% gain in Apple shares.

That said, Strategy’s Saylor believes “Apple should buy Bitcoin.”

Corporate Bitcoin Adoption Race

The call for Apple to buy Bitcoin as part of its corporate treasury comes as a tsunami of publicly traded companies move to add the premier crypto to their balance sheets amid a more pro-crypto Trump administration in the United States.

As ZyCrypto reported recently, video game retailer GameStop disclosed its first Bitcoin investment, scooping up 4,710 BTC for around $513 million, following in Strategy’s playbook.

Trump Media and Technology Group, parent company of social media platform Truth Social, last month closed a $2.44 billion fundraising deal to establish a BTC treasury. 

Meanwhile, Tokyo-listed investment firm Metaplanet is spearheading Bitcoin adoption in Asia, now the 10th largest Bitcoin corporate holder with an 8,888 BTC stash.

Bitcoin traded up a paltry 0.3% over the past 24 hours at $109,635 at publication time, according to CoinGecko data.

Cardano (ADA) traded mildly weaker on Tuesday despite a strong showing earlier in the week. The broader crypto market experienced a pullback led by Bitcoin’s dip to around $108,923 at press time.

However, ADA’s resilience over the past few days, with four consecutive bullish daily candles since Friday, has analysts eyeing a potential breakout that could rival its all-time highs.

Popular crypto analyst Javon Marks has reignited bullish sentiment, tweeting that Cardano could surge as much as 666% from current levels.

“Using ADA (Cardano)’s previous bull cycle as a guide for this one,” Marks wrote, “prices could be setting up for another move to and above its 1.272 Fibonacci Level, which is currently at the ~$5.35 price point.”

Notably, this mirrors a similar prediction he made in March, reinforcing his long-term outlook based on Fibonacci extension models. If his forecast holds, it would mark one of the most substantial rallies among major altcoins.

Marks isn’t the only analyst turning bullish on ADA. Master Ananda also pointed to a consistent pattern of higher lows since June 2023. According to him, recent support zones formed between February and April 2025 suggest a breakout could soon take shape.

“Cardano looks great,” Ananda tweeted. “After four weeks of retrace, we can expect soon higher prices. $2.65 and $4.29 are the main targets.”

Adding to the optimism, analyst Trend Rider highlighted a possible “double bottom” formation in ADA’s chart. This is a bullish reversal pattern that, according to academic research, predicts price increases with about 65% accuracy when confirmed by trading volume.

That said, the growing bullish sentiment is also being supported by on-chain data. Crypto analyst Ali Martinez revealed Tuesday that whales have accumulated over 120 million ADA tokens in the past 48 hours, based on data from Santiment. Whale activity of this magnitude often precedes price rallies, as it signals rising confidence from influential market players.

Beyond price charts and market speculation, Cardano’s fundamental developments are strengthening the case for a long-term rally. On Monday, Cardano founder Charles Hoskinson announced the launch of “Cardinal”, the blockchain’s first Bitcoin-backed DeFi protocol. Cardinal allows users to engage in defi using BTC on Cardano without relying on centralized custodians, utilizing advanced cryptographic tools like MuSig2 and wrapped UTXO.

The Cardinal protocol enables BTC to be used across DeFi platforms such as MinswapDEX, SundaeSwap, and Fluid Tokens for trading, lending, and collateral, all while preserving full self-custody.

Following the announcement, ADA’s trading volume soared nearly 70% to $839 million, with ADA climbing 2.36% in the past 24 hours to trade at $0.7 at press time.

Ethereum (ETH) showed renewed strength this week, climbing strongly alongside Bitcoin since Monday and edging out of a multi-day stretch of low volatility some jokingly called the newest “stablecoin.”

But while the recent price movement may seem modest, some analysts believe the second-largest cryptocurrency by market capitalization could be gearing up for a much larger breakout.

According to market analyst Gert van Lagen, Ethereum may be significantly undervalued at current levels. In a post on Monday, van Lagen pointed to a clear inverse head and shoulders formation developing on Ethereum’s two-week chart. This bullish technical pattern often signals a major trend reversal. He projects a potential upside target of $19,500, a price level that would mark a new all-time high for ETH and nearly five times its current value.

“ETH [2W] may be closer to $20k than most anticipate,” van Lagen tweeted, emphasizing that a 1.5-year descending broadening wedge, a separate bullish pattern, is also unfolding, reinforcing the potential for a powerful upward breakout.

Elsewhere, analyst Master Ananda added weight to the bullish case, noting that Ethereum recently broke above the 200-day moving average, a long-term indicator that traders often view as a signal of sustained bullish momentum. According to Ananda, this is the first time ETH has moved above this line from a low point since November 2024.

“This is massive,” he stated on Tradingview, describing it as one of the most reliable bullish indicators in technical analysis. “Ethereum is now ready to grow for six months straight, minimum.”

Ananda forecasted potential price levels of $5,790 and $8,513 in the coming bullish wave, but cautioned that the real upside could extend far beyond those figures.

In the background, activity on the Ethereum network is also soaring, which has historically been a precursor for price growth, according to data from blockchain analytics platform GrowThePie.

Additionally, institutional confidence in Ethereum appears to be strengthening. According to a research note by analysts at Bernstein on Monday, Ethereum is entering a critical phase of recognition as a foundational layer for financial innovation. 

The analysts cited rising inflows into Ethereum ETFs, $815 million over the past 20 days and $658 million year-to-date, as evidence of growing investor interest.

They noted that while Bitcoin remains a popular store of value, Ethereum is gaining attention for its real-world utility, particularly in areas like stablecoin issuance and tokenized assets.

That said, as global payment firms like Visa, Stripe, and Mastercard build stablecoin strategies, Ethereum’s role in powering these systems is becoming harder to ignore. Bernstein analysts argued that Ethereum is no longer just an experimental protocol but a key player in the evolving digital finance landscape.

ETH was trading at $2,739 at press time, reflecting an 6.69% surge over the past 24 hours.

This month, Ripple unlocked 1 billion XRP tokens worth a whopping $2.2 billion, showing a strategic shift in token management.

Notably, 670 million XRP were re-locked in escrow, whereas 330 million were added to circulation.

By reshuffling XRP supply, Ripple might align itself with market dynamics when managing liquidity or aligning with changing strategic and regulatory goals.

Ripple usually releases 1 billion XRP tokens from escrow monthly and then re-locks most of them to control price stability and supply. 

XRP Finds Itself at a Critical Decision Point

Market analyst CasiTrades states, “After months of a volatile consolidation, $XRP is nearing a critical decision point. We’re looking at the daily chart, holding above the major 0.382 retracement at $2.25, a level we’ve been looking at for months.”

Source: CasiTrades

Based on the time-based Fibonacci analysis, the analyst stipulated that the entire consolidation structure was nearing its end with a macro bullish run to $5 in the offing.

Meanwhile, the approval rate for an XRP exchange-traded fund (ETF) continues gaining steam, with an 87% chance recorded on Polymarket.

An ETF is deemed a stepping stone toward heightened institutional investments because it provides investors with different options to diversify their portfolios.

Meanwhile, suggestions have been making the airwaves that tech billionaire Elon Musk might soon embrace XRP as the backbone of his upcoming financial platform, X Money.

Ethereum’s native token, Ether, has hovered between $2,300 and $2,800 for the past 30 days, but this sideways phase could be coming to an end, according to veteran chart expert Peter Brandt.

Moreover, an uptick in exchange-traded fund inflows reflects strong trader confidence and sustained bullish momentum in the current market.

“Every Dog Has Its Day”

In a recent X post, Peter Brandt pointed out a market structure that could pave the way for a parabolic Ethereum rally. In an accompanying chart, Brandt noted how Ether has moved from a descending channel to a symmetrical triangle structure.

Based on his analysis, Ether has been trading within a descending channel since December 2024, when its price soared above the $4,000 milestone. During this time, price action was confined within the channel’s boundaries, with resistance at the upper end and support at the lower end. 

It’s worth noting that Ethereum’s price tested key levels, including $3,700 in January and $1,390 in April. But after breaking out of this channel in mid-April, Ethereum’s price started forming the symmetrical triangle pattern, which has historically indicated consolidation before a strong upsurge.

Ether’s price was trading at $2,773 on June 10, up more than 9% over the last 24 hours. According to Brandt, the asset might be setting up for an even bigger rally, commenting, “Every dog has its day — woof woof ETH.” 

His analysis marks a notable shift in Brandt’s outlook from earlier this year, aligning with the renewed optimism for Ethereum.

Robust ETH Inflows

Notably, global Ether-based investment vehicles continued their winning streak last week, with net inflows of over $295 million, according to data provided by CoinShares. The products have now recorded a seventh straight week of inflows, totaling $1.5 billion.

“This represents the strongest run of inflows since the US election last November and marks a significant recovery in sentiment among investors,” CoinShares head of research James Butterfill said in a recent blog.

Meanwhile, U.S.-listed spot Ether exchange-traded funds (ETFs) have posted their longest positive streak yet, drawing in a staggering $837.5 million since May 16, per Farside Investors data. This reflects institutional conviction in the altcoin, despite its price being 43% below its all-time high.

If the positive trend continues in the next week, net inflows since the products debuted last year could cross $1 billion, a key psychological and market milestone for Ethereum bulls.

Bitcoin’s current status remains uncertain as inflows shift toward Ethereum, while institutional confidence in BTC appears to waver. 

Weekly data below from  CoinShares shows $286 million in net digital asset inflows, but Bitcoin recorded $8 million in outflows despite broader market optimism.

According to CoinShares’ June 7, 2025 report, this marks the seventh consecutive week of positive flows into digital asset investment products.

Ethereum led with $321 million in institutional inflows. Over the past six weeks, Ethereum has attracted $1.19 billion. By contrast, Bitcoin has faced consistent selling pressure, even as some firms continue accumulating.

Bitcoin began the week on a strong note following institutional accumulation. However, sentiment shifted midweek after a New York court ruled on President Trump’s tariff policy.

The market reacted with caution. Bitcoin’s price currently trades near its ATH at $110,000. Though minor, the decline reflects hesitation among institutional investors.

Ethereum Pulls Ahead

Ethereum’s dominance in institutional products continues to grow. In the last month alone, ETH-related inflows reached $889 million, with total assets under management (AUM) climbing past $14 billion.

Spot Ethereum ETFs also saw gains. CoinShares attributes the momentum to rising decentralized finance (DeFi) activity, which remains a key ETH driver.

Ethereum gained, XRP recorded $28 million in weekly outflows. This marks a continuation of declining institutional interest in XRP, tied to ongoing regulatory delays.

Earlier gains were linked to expectations of a spot XRP ETF approval. However, the SEC’s indecision has slowed that momentum. Still, XRP’s year-to-date position remains in the green.

The United States continues to lead in digital asset inflows, recording $199 million last week. However, CoinShares data points to increased activity outside the U.S. Germany brought in $42.9 million, and Australia followed with $21.5 million.

Despite Bitcoin’s cooling momentum, institutional players are still adding to their holdings. Michael Saylor’s Strategy acquired 705 BTC, bringing the company’s total to 580,955 BTC. Japan’s Metaplanet also increased its Bitcoin holdings last week, further signaling long-term interest from public firms.

Bitcoin Technicals and Market Structure

BTC’s price remains volatile. Currently trading around $106,000, it sits just above key technical levels. According to TradingView, Bitcoin is testing resistance between $105,900 and $106,720.

A rejection at this level could drop prices to $103,000. However, a sustained move above $105,500 may re-establish bullish momentum above its ATH.

Bitcoin’s near-term direction hinges on whether it can reclaim momentum and break resistance or fall into a deeper correction. 

With Ethereum pulling institutional interest and XRP facing regulatory delays, Bitcoin’s market leadership faces pressure. The next breakout or breakdown remains a question of short-term sentiment and technical strength.