Corporate Bitcoin Holdings have surged dramatically, marking a pivotal shift in how public companies manage treasury assets and embrace digital currencies. By May 2024, 116 public companies collectively held over
Dogecoin tanked 10% today, with its weeklong losses now sitting at 22%, after Elon Musk officially walked away from Donald Trump’s administration and cut ties with the Department of Government Efficiency, known by its ironic acronym, DOGE. The crash unfolded alongside a brutal political brawl between Elon and the sitting US president, and it dragged the once-beloved meme coin deep into the red. The drama kicked off earlier this week when Elon took shots at Trump’s latest spending bill. Trump didn’t stay quiet. He hit back by pulling the NASA nomination of Jared Isaacman, Elon’s longtime business ally and the man he wanted leading US space exploration efforts. That withdrawal shattered any illusion of peace between them. Trump threatens to cancel contracts, Musk responds with Dragon shutdown By Thursday, the fight turned into a full-on public war. Trump told the press he was “very disappointed” in Elon. Within hours, Elon fired back on X, writing, “Trump would have lost the election without me.” The next reply from Trump? “CRAZY.” He followed that with a threat to cancel federal contracts held by Elon’s companies. The impact on the market was immediate. Tesla shares fell 14% before closing for the day. Elon didn’t hesitate. He wrote on X, “Go ahead, make my day,” and then announced that SpaceX would begin shutting down its Dragon spacecraft program. Dragon is the only American spacecraft that transports astronauts to and from the International Space Station. There was no direct mention of Dogecoin, but it didn’t matter. The coin has never been tied to any real-world value or asset. Instead, it runs on vibes, hype, memes—and above all—Elon’s influence. That’s why this political chaos hit so hard. Elon leaving Washington means his sway is fading, and Dogecoin holders are taking the hit. In 2022, Dogecoin jumped 15% in a day after Tesla accepted it for merch. In 2023, Elon replaced the Twitter logo with a shiba inu, the Dogecoin mascot, and the price surged over 30%. Now that Elon is out of Trump’s circle, and contracts are under threat, that same price is collapsing. Back in November, after Trump’s win, Dogecoin had rallied with other coins like bitcoin, as crypto traders expected a regulation-free environment. That optimism is dead now. With Elon out and government pressure mounting, buyers are paying the price for betting on their bromance. KEY Difference Wire helps crypto brands break through and dominate headlines fast
Bitcoin began June on a shaky note as institutional interest in Bitcoin ETFs experienced their first quarterly contraction since the launch of spot products in the U.S. According to CoinShares, institutional Bitcoin holdings shrank from $27.4 billion in Q4 2024 to $21.2 billion in Q1 2025, a 23% decline. While the report attributes much of this to an 11% drop in BTC’s price, it also reflects active selling pressure by professional money managers. Bitcoin exposure in Q1 2025. Source: CoinShares Notably, financial advisors were one of the few groups that slightly increased their exposure, signaling some resilience within certain investor classes. However, the larger institutional trend suggests a pivot away from short-term speculation and toward long-term treasury-style holdings, particularly among corporates. Adding to the downside pressure, BlackRock’s iShares Bitcoin Trust (IBIT) recorded a staggering $430 million in outflows on May 30, the largest single-day exit since inception. This ended a 31-day streak of inflows, stoking fears of continued selling. Musk vs Trump Fallout Sparks Panic Selling Sentiment soured further as a very public feud between U.S. President Donald Trump and Tesla CEO Elon Musk roiled risk assets. The disagreement, which centered around a disputed Congressional spending bill, escalated after Musk called for Trump’s resignation and threatened to push for impeachment. Trump, in turn, defended the bill as a historic tax-cutting measure. The Trump tariffs will cause a recession in the second half of this year https://t.co/rbBC11iynE — Elon Musk (@elonmusk) June 5, 2025 This clash rattled investor confidence, especially given prior rumors about Musk potentially joining Trump’s 2025 tech policy team. The political drama triggered a broad wave of risk-off sentiment that bled into crypto markets. Over $831 million in crypto liquidations followed, with long positions accounting for $765 million of that total. OVER $800M LIQUIDATED IN CRYPTO IN LAST 24 HOURS More than $800 million in crypto positions were wiped out across major exchanges in a single day. The surge in liquidations reflects extreme market volatility and leverage unwinding. Source: Coinglass https://t.co/ogMh2rr4to pic.twitter.com/hMofVtR7lW — Crypto Town Hall (@Crypto_TownHall) June 5, 2025 Bitcoin’s fear and greed index dropped sharply from 62 to 57, reflecting the market’s swing toward caution. BTC fell below the key $102,000 mark and now hovers near $101,500, posting a 3.16% loss in the past 24 hours. ETH and altcoins followed suit, compounding losses across the board. Can Bitcoin Recover Amid Macro Headwinds? Despite the panic, some analysts believe this dip may open up long-term buying opportunities, especially if Bitcoin follows gold’s historical pattern of rallying during recessions. With Musk warning that Trump’s tariffs could spark a U.S. recession in H2 2025, safe-haven assets may come back into favor. Bitcoin Symmetrical Triangle Pattern’s Breakout – Chart Source: Tradingview Key Technical Levels: Resistance: $102,178 → $103,127 → $104,561 Support: $100,766 → $99,807 → $98,772 Trade Setup for New Traders: Bullish Case: Close above $102,178 may lead to $103,127 test. Bearish Case: Breakdown below $100,766 opens path to $98,772. Until volatility cools, caution is warranted. However, growing corporate use of BTC as a treasury asset may provide a long-term support base even amid institutional ETF outflows. BTC Bull Token Presale Nears $7.91M Cap as 61% APY Staking Draws Yield Hunters With Bitcoin trading near $102K, investor focus is shifting toward altcoins, especially BTC Bull Token ($BTCBULL) . The project has now raised $6,858,262 out of its $7,911,528 cap, leaving less than $1 million before the next token price hike. The current price of $0.00255 is expected to rise once the cap is met. BTC Bull Token links its value directly to Bitcoin through two core mechanisms: BTC Airdrops reward holders, with presale participants receiving priority. Supply Burns occur automatically every time BTC increases by $50,000, reducing $BTCBULL’s circulating supply. The token also features a 61% APY staking pool holding over 1.73 billion tokens, offering: No lockups or fees Full liquidity Stable passive yields, even in volatile markets This staking model appeals to both DeFi veterans and newcomers seeking hands-off income. With just hours left and the hard cap nearly reached, momentum is building fast. BTCBULL ’s blend of Bitcoin-linked value, scarcity mechanics, and flexible staking is fueling strong demand. Early buyers have a limited time to enter before the next pricing tier activates. The post Bitcoin Price Prediction: $831M Liquidated as Musk vs Trump Shakes Markets appeared first on Cryptonews .
BitcoinWorld Botanix Labs Makes Pivotal Federated Model Shift for Bitcoin Layer-2 Big news from the world of Bitcoin layer-2 solutions! Botanix Labs , a project focused on bringing more functionality to the Bitcoin network, has just announced a significant strategic move ahead of its anticipated mainnet launch. This development is set to impact how the protocol operates and its path toward greater decentralization, a key goal for any blockchain project. What is Botanix Labs and Why Does a Federated Model Matter? At its core, Botanix Labs is building a Bitcoin layer-2 network. Think of it as an overlay on top of Bitcoin that aims to overcome some of Bitcoin’s inherent limitations, particularly when it comes to running complex applications. Their unique approach utilizes a technology called Spiderchain , which is designed to enable compatibility with the Ethereum Virtual Machine (EVM). This means developers could potentially deploy applications and smart contracts similar to those found on Ethereum, but secured by the underlying power of Bitcoin. The shift to a Federated model is a crucial step in this journey. Previously, Botanix Labs might have held more centralized control over the network’s operations. A federated model, in this context, means handing over operational control and validation responsibilities to a group of independent, trusted entities. This moves the network away from being solely controlled by the founding team and distributes power among multiple participants. Leading Operators Join the Federated Model A major highlight of this transition is the caliber of the initial participants in the Federated model . Botanix Labs has brought on board 16 independent node operators. These aren’t just random individuals; they include established names in the cryptocurrency and blockchain space. According to reports, prominent entities like AntPool, Fireblocks, and Galaxy are among this initial group. The involvement of such recognized players lends credibility and operational expertise to the network. Adding these independent operators removes Botanix Labs itself from direct operational control over the network’s consensus or validation processes. This is a vital step towards decentralization, making the network less susceptible to single points of failure or control by one entity. As they prepare for the upcoming mainnet launch , having a diverse group of operators already participating in the Federated model is a strong signal of their commitment to building a robust and distributed network from the outset. Spiderchain and Enabling EVM Smart Contracts on Bitcoin The underlying technology making all of this possible is the Spiderchain . This innovative architecture is what allows Botanix Labs to bridge the gap between Bitcoin’s security and the flexibility of EVM smart contracts . By enabling EVM smart contracts on Bitcoin, Botanix Labs aims to unlock a vast array of potential use cases, from decentralized finance (DeFi) applications to NFTs and more, all while inheriting Bitcoin’s unparalleled security guarantees. The Federated model plays a direct role here too. These independent node operators are crucial for the operation and security of the Spiderchain . They will be responsible for validating transactions and maintaining the state of the layer-2 network, ensuring that the EVM smart contracts function correctly and securely, anchored by the Bitcoin base layer. Why This Matters for the Mainnet Launch The transition to a Federated model is more than just a technical tweak; it’s a foundational step necessary before the mainnet launch later this quarter. Launching a decentralized network requires distributed control from day one. By establishing this group of 16 independent operators now, Botanix Labs is setting the stage for a more resilient and decentralized network when it goes live for public use. The goal is not to stop at 16 operators. Botanix Labs has stated plans to expand to hundreds of globally distributed validators over time. This gradual expansion of the Federated model is key to ensuring long-term decentralization and network resilience against various threats. Benefits of the Federated Model Shift: Enhanced Decentralization: Reduces reliance on the core Botanix Labs team for network operations. Increased Resilience: Distributes control across multiple independent entities, making the network more robust. Preparation for Scale: Establishes a framework for onboarding a larger number of validators for the mainnet. Credibility: Involvement of recognized industry players adds trust and confidence in the network’s operational integrity. Alignment with Bitcoin Ethos: Moves towards a more distributed control structure, aligning with the decentralized nature of Bitcoin itself. What’s Next for Botanix Labs? With the Federated model now in place and initial operators onboarded, the focus is clearly on the impending mainnet launch . This shift is a critical milestone, demonstrating progress towards a decentralized operational structure required for a public network. The success of the Bitcoin layer-2 , its ability to support EVM smart contracts via the Spiderchain , and its overall adoption will heavily depend on the robustness and decentralization achieved through this Federated model and the subsequent expansion of its validator set. Summary Botanix Labs has taken a significant step by transitioning to a Federated model and onboarding 16 independent node operators, including industry heavyweights. This move removes the core team from operational control, bolstering decentralization and network resilience. Utilizing the Spiderchain to enable EVM smart contracts on Bitcoin, this strategic shift is crucial preparation for their highly anticipated mainnet launch later this quarter. It signals a strong commitment to building a decentralized and robust Bitcoin layer-2 solution. To learn more about the latest Bitcoin layer-2 trends, explore our article on key developments shaping Bitcoin smart contract capabilities. This post Botanix Labs Makes Pivotal Federated Model Shift for Bitcoin Layer-2 first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin’s price continues to show signs of consolidation following its all-time high of over $111,000 recorded in May. At the time of writing, the asset is trading at $104,851, down 0.3% in the past 24 hours and roughly 6.3% below its recent peak. This period of relative price stability comes amid cautious sentiment across the broader crypto market, as analysts examine whether the current bull cycle is beginning to shift gears or simply experiencing a temporary pause. CryptoQuant contributor Crypto Dan has released a comparative analysis of current and past market cycles, noting several distinct behaviors in Bitcoin’s recent price action. Drawing parallels to the bull runs of 2017 and 2021, Dan suggests that while similarities exist, the current cycle has developed unique characteristics. These changes could signal a different structure in how the market plays out, particularly in terms of timing and investor participation. Related Reading: Bitcoin Scarcity May Spark Explosive Surge, Bank Study Shows Comparing Bitcoin Cycles: 2024–2025 Diverges from Historical Patterns According to Dan, previous cycles saw more predictable corrections and rallies. In 2017, Bitcoin experienced relatively short corrections before entering a prolonged rally that concluded in late December of that year. The 2021 cycle, affected early on by the COVID-19 pandemic, featured a longer initial correction before a strong upward surge. In both cases, once Bitcoin gained momentum, corrections became less frequent and shorter in duration. The current cycle, spanning 2024–2025, has so far been marked by alternating strong rallies and sudden declines, often occurring over short timeframes. These patterns have dampened broader market sentiment, particularly during periods when altcoins significantly underperformed Bitcoin. Dan posits that these repeated pullbacks may not be purely organic. Instead, they could indicate intentional suppression by large players aiming to extend the cycle’s duration and prevent overheating. If this interpretation holds, the bull cycle could end not with a gradual fade, but a sharp spike driven by euphoric buying behavior. Retail Activity Declines as Institutions Drive Market Structure A separate analysis by CryptoQuant’s Burak Kesmeci focuses on the behavior of retail investors since Bitcoin hit its $111,000 high in late May. Data shows that retail transfer volumes, transactions valued between $0 and $10,000, have decreased from $423 million to $408 million. Additionally, the 30-day change in retail demand has slipped into negative territory, shifting from +5 points to -0.11 points. This reduction in retail activity suggests that smaller investors remain sensitive to short-term volatility, stepping back in response to recent price corrections. Related Reading: The Last Bitcoin Cycle? Swan Says History’s Turning Kesmeci argues that for the bull cycle to sustain momentum, consistent participation from retail segments is crucial. At present, institutional interest appears to be the primary source of demand. The divergence between these two investor classes may shape how the next leg of Bitcoin’s market cycle develops. Featured image created with DALL-E, Chart from TradingView
DN Miner has introduced a groundbreaking offer, granting new users free access to Bitcoin cloud mining with $100 in mining credits upon registration. This UK-based platform simplifies cryptocurrency mining by
Institutional Bitcoin ETF exposure declined notably in Q1 2025, driven primarily by price depreciation rather than heavy selling pressure. Despite the overall reduction in holdings, financial advisers bucked the trend
Bitcoin is entering a pivotal week, consolidating below its all-time high of $112,000 while holding firm above the psychological $100,000 level. Despite increasing macroeconomic tensions—rising US Treasury yields, trade disputes between major economies, and growing geopolitical friction—Bitcoin has demonstrated relative strength, maintaining support above key demand zones. This resilience has fueled debate among analysts, with some anticipating a deeper correction and others forecasting a breakout into price discovery. Market sentiment remains mixed, with volatility picking up and on-chain data showing signs of caution among retail participants. However, a potential turning point has emerged. According to top analyst Darkfost, the Hash Ribbons indicator—a tool that tracks miner stress and has historically signaled strong buy opportunities—has just flashed a new buy signal. This development is notable given that Bitcoin’s hashrate recently hit new all-time highs, reflecting growing network strength despite price consolidation. The Hash Ribbons signal suggests that short-term miner capitulation may be over, and that long-term investors could see a favorable entry point. With BTC now coiling for a decisive move , this signal could act as a catalyst, reigniting momentum as traders watch closely for a push toward new highs in the days ahead. Key Signal Suggests Bitcoin Is Ready To Move Bitcoin could be on the verge of a major move as it consolidates below its all-time high of $112,000. The market remains tense, with bulls holding control but facing pressure from rising macroeconomic risks, including the ongoing bond market stress and escalating global trade tensions. If BTC fails to reclaim momentum and drops below critical demand levels, it could trigger a deeper correction. However, a breakout above $112K would likely reignite bullish sentiment across the crypto space. Darkfost highlighted a key technical signal that’s flying under the radar—a new buy signal from the Hash Ribbons indicator. This metric assesses stress levels in the Bitcoin mining ecosystem by comparing the 30-day and 60-day moving averages of the network hashrate. When the short-term average crosses above the long-term average after a period of capitulation, it typically signals that miner sell pressure is easing and accumulation may follow. While these periods of miner stress can be short-term bearish—since some miners are forced to liquidate BTC to stay solvent—they often present high-quality entry points for long-term investors. Notably, the recent Hash Ribbons buy signal aligns with Bitcoin’s hashrate reaching new all-time highs, reflecting network resilience despite price stagnation. If bulls take advantage of this setup, the market could see a strong push toward a new price discovery phase. But failure to hold above key support levels may open the door for a retest of the sub-$100K zone. As always, the next few sessions will be crucial in determining Bitcoin’s trajectory for the weeks ahead. Daily Chart Analysis: Support Holds, Momentum Awaits Confirmation Bitcoin continues to consolidate between the $103,600 support and $109,300 resistance zone, as seen on the daily chart. After reaching a new all-time high near $112,000, the price retraced and is now holding slightly above the 34-day EMA at $103,298. This moving average, alongside the $103,600 horizontal level, acts as the key demand zone bulls must defend to maintain the current bullish structure. Despite the recent pullback, BTC remains in a broader uptrend, supported by higher lows since the March bottom. However, momentum is clearly fading as daily candles show lower highs and declining volume. A break above $109,300 would likely re-ignite bullish momentum and pave the way for a potential push toward new all-time highs. On the downside, a confirmed break below $103,600 could trigger a sharper correction, with the next key support at the 100-day SMA near $92,245. Traders should watch for a daily close outside of this range to determine the next directional move. Featured image from Dall-E, chart from TradingView
Vanadi Coffee, a Spanish coffee franchise, will discuss the possibility of allocating up to 1 billion euros (nearly $1.1 billion) to establish a bitcoin treasury. The proposal, still to be approved, would position the company among the largest holders of bitcoin in Europe. Vanadi Coffee Seeks Redemption With 1B Euros Bitcoin Pivot The trend of
Bitcoin has crashed to $100,423 after falling 4% in the past day, while the TRUMP meme coin slid 12% to $9.67, according to CoinGecko. The drop hit during a brutal week for Donald Trump, who’s been fighting battles on multiple fronts—including a messy falling out with Elon Musk and a legal clash inside his own crypto camp. The timing couldn’t be worse. The market’s bleeding and every major piece of Trump’s crypto operation is now in conflict. Trump and Musk’s relationship fully collapsed Thursday when the President slammed Musk over his opposition to a Republican-backed tax bill that’s currently stuck in the Senate. Trump accused Musk—his former economic advisor—of being “crazy” and told reporters at the White House he was considering terminating federal contracts with Musk’s companies: Tesla, SpaceX, and xAI. The president said Musk was “upset” about the proposed removal of EV tax credits and Trump’s decision to block his NASA nominee. Elon didn’t take that lightly. Hours later, he posted, “Without me, Trump would have lost the election,” on his personal X account, adding fuel to the fire. The tension exploded publicly, with both sides now openly discrediting each other. That beef alone hit the price of crypto hard, but things got even messier inside the Trump family’s own crypto empire. Trump family sues trump coin project over wallet At the same time as the Musk feud, Trump’s sons have launched a legal war against the company that created the TRUMP meme coin. The company—Fight Fight Fight, led by Trump’s longtime associate Bill Zanker—received a cease-and-desist letter from World Liberty Financial, a firm that holds major Trump family investments. The conflict started Tuesday after Fight Fight Fight unveiled a product called the $TRUMP Wallet, a new crypto wallet built in partnership with Magic Eden. The project, meant to allow users to hold and trade the TRUMP coin and other tokens, went live without getting the greenlight from Trump’s actual family. World Liberty Financial moved fast to stop it. The company also sent a legal notice to Magic Eden, saying the Trump name was being used without consent. Donald Trump Jr. attacked the project online, and Eric Trump wrote, “I would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization.” Both brothers made it clear they had no idea who approved the wallet or the campaign around it. Behind the scenes, World Liberty Financial had been developing its own wallet, one that would allow users to earn yield on their tokens. Both Trump wallet projects scramble for control The turf war got uglier when the $TRUMP Wallet website and social media went live, then mysteriously disappeared, then came back online. The X account linked to the wallet was later suspended, just hours after launching. Despite the chaos, Fight Fight Fight kept pushing, offering TRUMP coin giveaways to people who signed up for early access. Zanker’s company isn’t new to the Trump crypto scene. In January, they launched the TRUMP meme coin, which has since earned more than $300 million in fees for its creators. Fight Fight Fight and another Trump-linked company, CIC Digital LLC, hold 80% of the token supply, which is now valued at $1.7 billion on CoinMarketCap. Zanker has promoted the token’s use in online shopping and organized a private dinner near Washington last month where Trump addressed top holders. While Zanker pushes one vision for the TRUMP token, the Trump family is pushing another. World Liberty Financial has already raised $550 million in token sales. It also launched a stablecoin called USD1, pegged to the U.S. dollar, with a market cap of $2.2 billion. Financial docs show a Trump-linked company gets 75% of the net revenue, including token sale proceeds. The Trump family holds 60% equity in World Liberty through their entity DT Marks DeFi LLC. KEY Difference Wire helps crypto brands break through and dominate headlines fast