The BNB Chain ecosystem has endured a stormy week, shedding $12.4 billion in market capitalization amid a broader altcoin crash that rippled across the digital asset space. While flagship assets such as Bitcoin slipped below the $104,000 mark, the BNB Chain’s performance mirrored the market downturn with a 7% drop in value. BNB itself fell 4.5%, closing the week just under $640. On-chain diagnosis of the state of affairs was not encouraging. Total value locked (TVL) in the BNB Chain ecosystem took a 5% hit. The major DeFi platforms—which include Venus and PancakeSwap—suffered big losses. The situation was not helped by falling trading volumes on DeFi exchanges and across the board; stablecoin transactions, which had been a bright spot, also declined. Overall, there has been a notable drop in engagement on-chain and in movement of capital across the BNB Chain. It is interesting to note that the daily active addresses on BNB Chain increased by 5%. This percentage increase suggests that despite the selloff, and reduced trading activity, users of BNB Chain are continuing to interact with applications on that network. In fact, this uptick in user activity, even with the market heading downward, says a lot about BNB Chain—and not just in terms of its solvency. Tokens Tumble, But Some Defy Gravity The week saw severe losses for most BEP-20 tokens on the BNB Chain. Among them, KOGE took one of the sharpest falls, plummeting down to 51.1%. ROAM wasn’t too far behind, with a decline of 40.4%; MYTH, with 38.2% down, closely followed. These altcoin losses are a function of the segment’s overall volatility and risk sensitivity. Investors seem to be pulling capital from the smaller, emerging tokens that for them provide little cover in the face of a dip like this. Altcoins can be more easily and dramatically affected by market movement because they are either illiquid or insufficiently capitalized. Altcoins are also the tokens most likely to get the rug pulled on them. A handful of tokens managed to log some gains, even with the market feeling negative. AB surged 31.5% because of something we don’t usually get a chance to talk about, the kind of increased visibility that comes with being featured on Binance Alpha. ALT logged a nice 23.9% bump, thanks to its new role in the BNB Kickstart program, which aims to help serve and shine a light on new projects in the crypto space that really seem to have something special going on. ORBS was another token that took the opportunity of this clearly defined market to power up a 15.5% gain. And standing out was clearly the way to go, as that was the only way to be noticed in a mostly negative space. These tokens’ performance demonstrates that, although the broader market was facing difficulty, some projects were still managing to preserve or even enhance their value. The kinds of projects that thrived in this context seemed to have either institutional or programmatic backing. Week in BNB Chain: Sector Weakens During Altcoin Market Meltdown. BNB Chain sheds $12.4B! BTC drops Let’s break down how BNB Chain weathered the storm 1/6 pic.twitter.com/9Tjmn0azSj — CoinMarketCap (@CoinMarketCap) June 19, 2025 Ecosystem Developments Point to Long-Term Growth In the middle of market ups and downs, the BNB Chain kept its eyes on the prize: the expansion and betterment of its ecosystem. Last week, the BNB Chain Incentive Fund, worth $100 million, made 17 fresh token buys, still on that same mission to help pay for the sort of innovation that will, ideally, also pay off in the sort of growth that we hope accompanies the kinds of not-so-promising projects we find on some networks. One significant change occurred when the complete migration of KOM from Polygon and Arbitrum to the BNB Chain was realized. This represented not just an appeasement of KOM to a new ecosystem, but a corroboration from developers of the BNB Chain’s infrastructure, scalability, and support systems. It could be that projects migrating are finding new advantages in the environments they are moving to. Then again, it could be that BNB Chain is simply the next place to be for projects looking to establish a strong community. Migration seems to be the word of the day. At the same time, MCPForge experienced an enhancement in its designation within the BNB Hack program, which underscores the ecosystem’s excitement about rewarding and recognizing technical brilliance. Also, SwissBorg implemented BNB Chain into its cross-chain functionality, allowing smooth token swapping between various blockchain networks and further interpolating BNB Chain into the global crypto scene. These initiatives in the ecosystem signal to us that BNB Chain is not standing idle in the current climate of market pressure. It is purposeful. It is investing. And not just in what it already has. It is expanding its very nascent infrastructure (it must be real if it’s called the ‘infrastructure fund’), growing the developer ecosystem with the recent hackathon, and also—this is key—we mustn’t skip over—it is deepening and widening its cross-chain work nowadays. Looking Ahead Even with BNB Chain losing billions in value alongside the broader altcoin market, the network sees very encouraging user activity as well as strategic and smart growth around its ecosystem that makes it look like it has some underlying strength. And you know, I think it’d be good to put a bit of context around BNB Chain here too, since it is a bit of a tricky case for certain folks. So, first, the user base: it puts BNB Chain at almost over 200 million users across its ecosystem. While the crypto markets keep moving up and down, the long-term strength of chains such as BNB may depend on how well they can keep user engagement and draw in novel projects. BNB Chain showed signs this past week that it might be doing a good job on both fronts. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
The U.S . monetary policy is now under some very vocal pressures. Trump expressed his dissatisfaction with the way monetary policy is now being conducted, and in no uncertain terms told his followers on Truth Social that Powell is a “disaster” and that “inflation is going to kill our economy”—and that he’s disappointed they’re now holding rates steady and not cutting them like he apparently thinks they should. What are the potential impacts of all this on not just the stock market but also cryptocurrencies and the wider economy? At the center of the controversy is the well-known clash of interests: Trump’s aggressive preference for rate cuts to juice the economy versus Powell’s umpteenth reiteration of the Fed’s dual mandate—ensure stable prices and maximum employment. With the electoral drama of 2024 out of the way, we’re likely to be in a more volatile 2025 financial landscape. The priorities of elected officials and those of the independent central bank will likely be more at odds than ever—and likely a much bigger story than Trump still being very much in the picture. More Publicly Traded Companies Now Hold BTC In the first half of 2025, the number of publicly traded companies holding #Bitcoin has tripled compared to 2024. This surge is driven by increasingly crypto-friendly regulations in the U.S., which are encouraging corporate adoption of… pic.twitter.com/961ai5gLtP — CryptoRank.io (@CryptoRank_io) June 19, 2025 Market Correction Highlights Growing Pressure The ongoing rate stalemate has evoked a cautious retreat in the markets. As of now, Bitcoin trades at a distance of 6.8% from its all-time high of $64,000 reached on May 22, 2021. Similarly, the S&P 500 stands at a 2.6% deficit from its record peak of $3,386 reached on February 19, 2021. These figures represent a modest downward correction for both assets, but they shine a light on the current state of investor confidence in both the Fed’s next move and the broader macroeconomic recovery. With Trump expressing his disappointment in Jerome Powell & the FOMC leaving interest rates unchanged, social media has erupted with discussions. Crypto, like global stock markets, stand to benefit if and when rate cuts happen again. Currently, Bitcoin is -6.8% below its… pic.twitter.com/PTM1nAVx1W — Santiment (@santimentfeed) June 19, 2025 In the past, lower interest rates have benefitted stocks and crypto assets because they mean cheaper borrowing costs, which translates into greater liquidity and risk appetite. Some traders and analysts see the potential for rate cuts as a bullish catalyst across the board. But rate cuts could be an even better catalyst for crypto, given that the market’s tendency to respond sharply to shifts in monetary policy. Trump sees a link between his popularity and the Fed’s interest rate policies. When consumers and businesses are confident, the economy hums along. When that happens, the president tends to look good, at least if he’s up for re-election the next year. But Powell has so far resisted this pressure, maintaining that any future rate moves will be guided by economic data—particularly inflation indicators—rather than political will. This confrontation lays the groundwork for a strained standoff between the president and the Fed, with ripple effects almost sure to be felt in global markets. Corporate Bitcoin Holdings See Massive Growth Though rate policy usually gets the most attention, a much quieter but equally significant transformation is taking place within the crypto universe. The number of publicly traded firms that now hold Bitcoin on their balance sheets has tripled, from 10 to 30, over the last year. Why are so many more companies now jumping into the deep end of crypto, and what does it mean for the future? More favorable regulation in the U.S. has set the stage for greater corporate adoption of crypto. Moves in Congress lately have clarified how crypto is taxed, set up some investor protections, and basically streamlined the regulatory environment for crypto, which makes it a whole lot easier for companies to hold and manage Bitcoin. Next, rising geopolitical instability—from trade confrontations to shooting wars—has renewed enthusiasm for Bitcoin as a bulwark against uncertainty. Increasingly, many companies view BTC not just as a bet-it-all-in Vegas kind of play but instead as something more analogous to a strategic reserve that also happens to be digital gold. In times of market turbulence or currency convulsions, Bitcoin’s decentralization and global appeal have never looked more attractive to company treasurers looking for more ways to diversify. Significantly, well-known companies in various fields—including technology, energy, and finance—have jumped onto the Bitcoin bandwagon, which suggests that the cryptocurrency’s standing in the corporate world is improving. No longer considered a fringe experiment, Bitcoin is now part of the fundamental corporate strategy in many high-profile companies. Policy Uncertainty Fuels Crypto Sentiment The Trump administration and the Federal Reserve are creating a crypto narrative. We have a possible short-term upside event for not just Bitcoin but for all digital assets, which is that the Federal Reserve might cut interest rates. Lowering rates would be bad for the dollar. But it might not even be that bad for the dollar, because it would be lowering the opportunity cost of holding assets that don’t pay interest, like Bitcoin. So it’s possible that if the Fed cuts rates, and in the context of broader questions about the federal government’s fiscal policy, we could see the dollar weaken, and that is going to be good for all these assets. Powell and Trump’s stimulus vision in a push-pull market. Powell insists on making data-driven decisions. Trump, on the other hand, pushes for a very proactive kind of stimulus. You have market actors trying to make sense of this and price it in. And they’re having a hell of a time doing it. Why? Because what we’re talking about here is the inner dynamics of inflation. At the same time, the increasingly broad institutional acceptance of Bitcoin provides another fresh layer of support for the cryptocurrency market. That could help soften any downward momentum that Bitcoin and other cryptocurrencies might have during poor macroeconomic conditions. And it reinforces the notion that those cryptocurrencies could indeed be viable long-term investments. Once we reach the midpoint of 2025, the Fed’s next move will be the focus of attention, what with a presidential election having just taken place. And right now, we can only guess how the political-economic tug-of-war that is shaping the U.S. Congress might affect the future of both traditional markets and digital assets. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
According to recent data from Coinglass, the cryptocurrency spot markets experienced significant capital movements within the last 24 hours. Notably, USDT led net inflows with $12.43 million, followed by SNT
The Real-World Asset (RWA) sector has exploded in growth over the last year, with stablecoins and tokenized treasuries at the tip of the spear. CoinGecko’s 2024-2025 RWA Sector Analysis Report highlights in its key findings a surge in capital inflow, market adoption, and product innovation, as decentralized finance (DeFi) continues to bridge the gap with traditional finance (TradFi). Stablecoins Hit Record High as USDT and USDC Cement Market Dominance Stablecoins are still the bedrock of RWA tokenization, with the sector enjoying a most impressive growth spurt. From the very beginning of 2024 through April 2025, the market cap of fiat-backed stablecoins swelled by $97 billion — a 76% uptick — hitting an all-time high of $224.9 billion. This represented a stunning acceleration in the overall stablecoin trad- The space is dominated by Tether’s USDT and Circle’s USDC, which together account for 93.5% of the total stablecoin market. Leading the growth was USDT, with an infusion of $56.3 billion, while USDC followed closely behind, adding $37.6 billion to its market cap. Trust at the institutional level and the depth of their liquidity is what really keeps these two in the lead, even as newer challengers try to make their way into the market. Among the newly emerged players, the synthetic dollar from Ethena Labs, USDt, made an audacious entry, racking up a $1.4 billion market cap and vaulting to the fourth-largest stablecoin within just 12 months. The USD0 from Usual Money also cracked the top 10, landing in sixth place with a $600 million market cap. Even with these two impressive debuts, alternative stablecoins such as TUSD, USDB, and USDD—a collection of 10 minor players—held a steady and modest 3.3% market share. Interestingly, stablecoins created by longstanding financial institutions—like PayPal’s PYUSD and Société Générale’s EURCV—have performed below projection. The listless adoption of these supposedly safe instruments can be traced largely to the ongoing regulatory haze, which has yet to clear up. According to CoinGecko's 2024-2025 RWA Sector Analysis Report: https://t.co/cGZqEVOLfn Stablecoin Sector Market Size & Growth: -The market cap of fiat-backed stablecoins surged by +$97B (+76%) from 2024 to April 2025, reaching an all-time high of $224.9B. -USDT and USDC… pic.twitter.com/k41QSncltm — OKX Ventures (@OKX_Ventures) June 19, 2025 In their absence, the crypto world is, for now, mostly on its own. Tokenized Treasuries Surge 545% as Economic Fears Drive Demand Tokenized U.S. Treasury securities have become one of the fastest-growing risk-weighted asset verticals, reaching a market capitalization of an all-time high of $5.6 billion in April 2025. This momentous surge we pegged at a whopping 544.8% from early 2024, further reaffirming our faith in the rising institutional demand for yield-bearing, low-risk assets on the blockchain. In March and April of 2025, growth rapidly accelerated. There was a sharp inflow of capital precision in the box since March 2025, where things started to pick up, and by April, there was 2.3 billion more entering the market — government tokenized debt, really, but still a pretty substantial sum, I think most would agree. The trigger for this was an uptick in global economic uncertainty. At the forefront is the BUIDL fund from BlackRock and Securitize, launched in July 2024. By April 2025, BUIDL had astonishingly captured 45% of the tokenized treasury market, growing 372.8% in under a year. The fund’s success demonstrates how asset managers are using blockchain technology to make fixed-income investments more transparent and accessible. Ethereum is still the dominant force among the networks backing these assets. Yet, the tech remains in its infancy, with just over 11,000 holders counted on the global scale. That puts these onchain assets firmly in the category of a niche play. “Tokenized treasuries are still considered a niche play among crypto-native users,” said Kevin Kelly, co-founder and head of research at Delphi Digital. Onchain Private Credit Rebounds Slowly, Maple Finance Takes the Lead Despite the rapid rise of stablecoins and tokenized treasury products, private on-chain credit continues to wallow in mediocrity. Through April 2025, the total active loan volume of the sector stands at $546.8 million, approximately one-third of the peak it hit in May 2022. The sharp downward trajectory was felt most acutely in Q3 2024 when Centrifuge, a major on-chain credit player, pivoted its focus to the up-and-coming tokenized treasuries market. Even with the current downturn, Maple Finance is untouched and remains a resilient leader amongst DeFi protocols. The Maple protocol is responsible for a whopping $374 million in active loans, which constitutes 67% of the top six private credit platforms. … Meanwhile, it is steadily marching into the RWA (real-world asset) ecosystem alongside other DeFi protocols. Even though growth in these lending platforms remains slow when compared to other onchain lending verticals, mixed in with a credit market experiencing a renaissance—from the leniency of federal regulators, underwriting innovation, and Dapper Labs’ new $35 million lending fund—these developments could very well serve as the fuel needed for a new lending bull market. Conclusion The DeFi sector is changing quickly, and our friends at CoinGecko have released a report to help readers make sense of the developments. The picture those developments paint isn’t necessarily a comforting one, however. Here are some of the key points from CoinGecko’s RWA Sector Analysis 2024–2025. The DeFi landscape is rapidly evolving, with the center of gravity moving toward stablecoins and tokenized treasuries. The mainstream constructs of truly decentralized finance remain largely as yet unrealized. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
One of the year’s most elaborate and sorrowful crypto scams has come to light: an enormous OTC (over-the-counter) fraud involving top-tier tokens like SUI, Near, Axelar, and others. The intricate scheme, which appears to have drained in excess of $50 million from a range of investors—whales, influencers, and even some venture capitalists among them—has left the crypto community in stunned silence. From Trust to Trap: The Rise and Fall of “Too-Good-To-Be-True” OTC Deals In November 2024, the private Telegram channels and venture capital networks started to circulate over-the-counter deals that were deeply discounted. Investors were offered tokens that everyone wanted, like Aptos and Sei, Graph, Swell, and others. These were not the investment opportunities you tell your friends about at a barbecue, because these tokens were only made available at prices that were 50% below the market rate. And even at those prices, they were announced with the caveat that you should expect these tokens to perform like most things have performed in this market: poorly. It is remarkable how these deals paid off. When the time came for the tokens to be delivered, they found their way into the investors’ wallets, and when they did, something else happened: real returns were seen. And with these real returns came trust. Trust is a big deal in an industry where so much seems to happen behind closed doors. Without trust, people do not put their money in. With trust, it’s like the floodgates open. In late February 2025, the operation ramped up significantly. Larger transactions, involving Tier-1 tokens like NEAR, Axelar, SUI, and Grass, started to pour into our private channels. The deals were still pitched as steeply discounted and safely vested, but now we were talking about real volumes and serious dollar amounts. To a lot of us, it felt like we were on the verge of something big, and that this was going to be the last opportunity we had to pre-sell the pre-sold, institutionally-grade tokens. Ignored Red Flags and the Silent Collapse By May 2025, the warning signs were flashing. On May 25, Eman Abio, a member of the SUI team, posted a public statement on X, urging users to avoid fraudulent OTC offers. Abio stated bluntly: “There is NO deal.” Shortly thereafter, a similar warning was issued by Lucian Mincu, co-founder of Elrond Network (EGLD). Despite the public service announcements, the scams continued with no apparent slowdown, and our Telegram groups remained filled with messages hawking “exclusive” offers. $𝟓𝟎𝐌 𝐂𝐫𝐲𝐩𝐭𝐨 𝐎𝐓𝐂 𝐒𝐜𝐚𝐦 𝐄𝐱𝐩𝐨𝐬𝐞𝐝. A massive OTC Scam involving SUI, Near, Axelar, Sei, and more just got exposed but no TG Channel or CT is talking about it. Jaw-dropping details! $GRASS $APT $ZRO $BEAM $IMX $BERA pic.twitter.com/aQS08poZvc — Altcoin Alpha (@AltcoinAlphaOnX) June 20, 2025 The situation developed completely on June 1, 2025. Distributions that were supposed to be sent for earlier deals just stopped. Investors, who were now growing really anxious, were met with half-hearted excuses that were deliberately made to sound like they were reasonable and posed no threat to the company: “The source is traveling (you know how busy and important these people are!),” “There are exchange delays (we’re not really supposed to be telling you all this, but you know how these things go!),” “KYC verification is still pending with the project (as is the case for almost all projects waiting to go live!).” Of course, this only made investors even more suspicious and OTC Fluid was the last offering made on June 1. By mid-June, an alarming trend was unmistakable. On June 19, a stunning admission came from Aza Ventures, one of the most active VC groups pushing these OTC opportunities: they had been scammed. The brain behind the op, known inside the firm as “Source 1,” had apparently been running a Ponzi-style scheme. Earlier deals were paid for by buying tokens on the open market, with money raised from subsequent OTC deals, keeping the whole thing looking legit. This deceptive cycle went on until June when Source 1 entirely stopped delivering tokens. More findings showed that Aza’s other contacts, called “Source 2” and “Source 3,” had also been dealing with the same fraudulent operator. Who Is Source 1—and What Happens Next? Though Aza Ventures claims to know the identity of the man behind the scam, he remains officially unnamed. Insider reports suggest that “Source 1” is an Indian national and the founder of a project listed on Binance. However, Aza has chosen, for now, not to dox him, and instead hopes to use pressure and negotiation to recover investor funds. The fallout has been disastrous. An estimated $50 million has disappeared, with many venture capitalists, crypto whales, influencers, and project team members supposedly losing $1 million or more each. Some retail investors who believed in the scheme and put their life savings into it are now financially ruined and experiencing the worst kind of emotional distress. Reports of mental health crises and suicidal ideation are now surfacing from the once-buzzing-with-hype Telegram groups. At the same time, the now intensifying search for accountability is zeroing in on the potential perpetrators. Victims of the scam are now doing what any good detective would do: they’re tracking wallets, analyzing blockchain activity, and attempting to uncover bogus details about Source 1’s operations and connections. Aza Ventures claims to be working with Convex Finance and the rest of the community to pressure the scammer into refunding a portion of the stolen funds by the end of June—but many in the community are highly skeptical of this claim. Conclusion A large-scale crypto Ponzi scheme has shaken confidence in the RWA and VC-backed sectors of the market and turned a promising wave of OTC opportunities into a busted prospect. A $50 million fraud that was ably perpetrated in trusted Telegram channels and private networks drives home the urgent necessity for verification, transparency, and due diligence—even in seemingly exclusive circles. While awaiting answers and compensation, the many victims of the collapse that FTX wrought must now serve as a painful reminder of the lesson that—”in a space built on decentralization and trustless systems, trust remains the most vulnerable currency of all.” And to be quite blunt, the space we call crypto seems all the more vulnerable today. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
Currently, Bitcoin has a market cap a bit over $104,300. The entire wallet activity across the Bitcoin system seems to tell a story of very divergence accumulation behavior between the types of investors. On one side, we have the big institutional investors, who look to be quietly accumulating even more Bitcoin. And on the other side, we have some retail investors—well, a seemingly shrinking group of them—who look to be bailing out of the system once and for all. Whales Accumulate While Retail Flees A recent influx of blockchain data paints an increasingly clear picture of a market dynamic in flux. In the latest 10-day timeframe, the quantity of Bitcoin wallets stacked high enough to hold 10 BTC or more—that is to say, wallets that could accurately be described as “whale” wallets—has gone up by 231. That’s not a huge number, but it’s an uptick. And in the world of crypto, any kind of uptick is something to write home about. Bitcoin's elite vs. mortal wallets are moving in two different directions as its market value sits just north of $104.3K. Wallets with 10+ $BTC : +231 Wallets in 10 Days (+0.15%) Wallets with 0.001 to 10 $BTC : -37,465 Wallets in 10 Days (+0.15%) When large wallets… pic.twitter.com/uhZf6rPYvq — Santiment (@santimentfeed) June 19, 2025 Retail-level wallets—those containing between 0.001 BTC and 10 BTC—are down a net 37,465 over the same period. This reflects increasing hesitance or submission to the market among the smaller holder demographic, a phenomenon we often associate with fear or uncertainty when the market is not trending positively. This type of divergence has frequently come before bullish market reversals. When the small fish leave while the big fish are busy gathering more and more shares, that can signal a phase of stealth accumulation that soon flips into an uptrend. The current market cycle has large holders accumulating while the small fry exit. Open Interest Points to Potential Volatility Although wallet activity provides some insight into how investors feel about a project, data from the derivatives market adds a whole other dimension to the analysis—especially open interest, the total value of active futures contracts that investors have with one another. As of now, the change in open interest measures -3.5%. This slight figure in the outflow of leveraged positions shows investors still have some faith in the current Bitcoin price level. This is because a number of traders are written off as de-risking or taking profits when we see drawdowns like this happening with the open interest. It could also be seen as traders taking a little Bitcoin off the exchange and putting it back in cold storage. GM. In 2024–2025, deep open interest drawdowns –20–25% were accompanied by local BTC price corrections in the range of 7–21%. Currently, the OI change is –3.5%, which indicates a moderate outflow of positions. In case of a repeated OI decline to levels of –20%, a Bitcoin… pic.twitter.com/BcIGZkM0EZ — Axel Adler Jr (@AxelAdlerJr) June 20, 2025 While we’re a long way from those extremes today, analysts are warning that if OI were to renew its plunge to –20% levels, we could be looking at a much sharper BTC correction—likely in the 5–15% range. OI is currently not in crisis, and therefore, we should not be in crisis either. But what is OI? What makes it potentially good or bad? And where, for now, does it reside on the good/bad spectrum? The moderate OI movement suggests that present market players are at best tentatively positioned. It seems that they are quite possibly waiting for a macro signal or an on-chain catalyst that is not forthcoming to drive the next significant market move. A Tale of Two Markets: Sentiment vs Strategy Data is shedding light on a burgeoning disparity between sentiment and strategy in the Bitcoin market. Retail investors seem a bit spooked—possibly swayed by the spell of recent volatility, current macroeconomic uncertainty, or just good old profit-taking after a super strong multi-month rally. The drop-off in activity from small wallets makes our ‘holdco’ in the Bitcoin market look less and less like a coiled spring ready to pop up and more like an average Joe just holding on for dear life. At the same time, institutional-sized investors and whale wallets are steadily increasing their positions. This kind of accumulation usually reveals a long-term, steadfast belief in the value of Bitcoin that goes far beyond the short-term price moves we see all the time. What is seen on the surface is panic, while deeper levels show positioning for the next rally. Market veterans have seen this pattern many times before. The split is not only significant; it is also meaningful. Big investors tend to stock up during the quiet times when main-street investors are absent. They are less concerned with short-term twists and turns—they think of those as “wash trades”—and more about taking a position when they think the price is right. Conclusion As Bitcoin steadies and stays above the price of $104,000, we could be witnessing in real-time what might be playing out a lot farther down the road. The tussle between elite wallets and retail wallets could be a prelude to something much more—if not for price, then for the nature of Bitcoin itself. Elites and retail are in direct conflict when it comes to the accumulation and distribution of Bitcoin. That is a hell of a lot more to be concerned about than price. A significant drop in open interest could mean another bearish episode for Bitcoin. But not all is bad. If we maintain the status quo and whale accumulation continues, once confidence floods back into the market, we could be poised for another leg up. In the Bitcoin universe, the hushed actions of major participants frequently make the most noise. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
The attention of the crypto world is once more fixed on the meme coin platform Pump.fun, which has made the audacious decision to go ahead and launch its own token. It plans to raise $1 billion in an initial presale stage and lists a fully diluted valuation (FDV) of $4 billion for the token, which has us rather confused. Writing this token up to four bills doesn’t really jibe with how you’d think a platform that just last week was calling itself a “joke” would conduct itself. $1 Billion Raise, Revenue Sharing, and No Vesting: The Token Plan Per sources such as Blockworks and The Block, Pump.fun is ready to launch its own token and has some big plans for it. The company aims to not just raise a substantial amount of money ($1 billion) through public and private sales but also to give its token quite a nice bump in terms of perceived value right out of the gate. That is, right after it lists, the company wants it to have a $4 billion FDV (fully diluted valuation). Pump.fun is already in the process of raising some of that $1 billion. 1/ #pumpfun is launching its own token – $1B presale – $4B FDV – Revenue sharing #crypto model Sounds like the next big #Web3 move – but behind the scenes, controversy is brewing. Here's what you need to know: pic.twitter.com/j8hvPUi254 — Stanislav Lepka (@LepkaStanislav) June 20, 2025 Sources within the company provide insight into the token’s design. They say it’s meant to offer something akin to revenue sharing. That is, if you hold the token, you’re supposed to get a portion of the platform’s profits—more specifically, profits derived from the 1% buyback mechanism that’s tied directly to these alleged revenues. While this setup may appeal to someone looking for a sustainable “real yield”—as opposed to all the like-mentioned DeFi mechanisms that often wind up blowing up in our faces—it comes with two big caveats. At this point, Pump.fun has verified this token distribution. 25% for the public sale 10% for airdrops 65% remains unconfirmed, but is widely expected to be allocated to team members, venture capitalists (VCs), and protocol reserves. Although these numbers seem encouraging on the surface, much of the community is starting to scratch its collective head and ponder what the real motivation behind the launch might have been. Too Late or Too Greedy? The Growing Community Backlash The timing and structure of the token raise, critics say, suggest that this is more about maximizing profit than empowering the community. “They’ve made already hundreds of millions. Why are they asking for another billion?” said one prominent crypto trader on X (formerly Twitter). Another said, “They should have introduced revenue sharing months ago. This feels like a cash grab driven by FOMO.” Since its January 2024 launch, Pump.fun has pulled in revenues of over $742 million as of June 9, 2025. That makes it one of the most profitable platforms in the space—without even having a token. Now, with the promise of revenue sharing finally on the table, many feel the team is dangling carrots after already feasting at the table. Exclusive: The Pumpfun token auction and listing, originally scheduled for June 25, has been postponed again and is now expected to take place in mid-July. Sources familiar with the matter disclosed that since Pumpfun began planning to issue and auction tokens late last year,… pic.twitter.com/UD0xIb45FA — Wu Blockchain (@WuBlockchain) June 20, 2025 Adding to concerns, this isn’t the first time the token’s rollout has been pushed back. Both the auction and the listing, originally slated for June 25, have been put off once more—for now, they’re rescheduled to mid-July. But folks who’ve been watching closely say the auction has actually been on delay since the end of 2024, which has led to the issue being raised that, if this schedule is indeed on the up and up, is the team stretching things out because it’s somehow better for valuation and interest if they do? Mass Adoption or Master Exit? Reading Between the Lines In October 2024, during a Twitter Spaces session, one of the co-founders of Pump.fun laid out some pretty ambitious goals: “We’ve reinvested everything back into the platform. We want to build something like Binance—or bigger. We want to bring this to the masses.” It was a brave assertion—and not of necessity untrue. The platform now counts over 1 million active wallets among its ranks. But underneath that patina, some troubling numbers emerge: only 3.26% of users are currently in the black with their trades, while more than 96% either lose money or make none that’s worth talking about. This really raises the question, with a new token on the way, about ecosystem sustainability. Even as Pump.fun has enjoyed meme coin success, it’s becoming clearer that there’s a growing chasm between the hype and what the potential reality is likely to be. Sure, in a parallel universe, the token that’s been promised could deliver real yield. But extreme risk has been introduced into the equation due to a couple of significant factors. One is the centralized control over the actual token supply. And the other is that vesting, which might serve as a bulwark against extreme risk, just isn’t happening here. Some see the token launch as a long-anticipated opportunity to partake in the platform’s substantial earnings. Others view it as the founding team’s signaling to the masses that they’re getting ready to execute a well-planned, high-profile exit. Conclusion Pump.fun’s token launch promises to be one of the most discussed—and controversial—Web3 events this year. Why? Because it could make a staggering amount of money, and because its presale goal is almost certainly going to ruffle some feathers. That goal? Raise at least $500 million prior to the actual token launch. And guess what? The organizers plan to do this without letting the funds raised during the presale sit in a trust for the token holders. That’s right: No vesting. As the date of the auction in mid-July nears, investors and community members must make a judgment call: is this a sincere attempt to decentralize a platform that prints money like no other, or is it merely the curtain call for what has been a very profitable gig? Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
While Ethereum (ETH) is presently sitting near the all-important $2,500 price level, its fundamentals have never looked stronger. All across the board, the network’s underlying strength has been showing like gangbusters lately. With ever-increasing amounts of user activity, institutional-level accumulation, and other altcoin activity, there seems to be a full-blown setup with Ethereum and the entire crypto market for an altcoin rally in the near future. User Activity Surges as Network Growth Accelerates One of the most evident signs of Ethereum’s growing usefulness is the number of fresh addresses that appear every week. Between 800,000 and 1 million new Ethereum addresses are being created every week. Not only is this massive growth in fresh addresses a clear sign that not only are people making Ethereum accounts but also that they are making the accounts in a fashion that could largely be described as sustainable, it appears that Ethereum is doubling up in the old adage that any publicity is good publicity. Whether the new accounts are being used for dApps, DeFi, or merely as a store of value (which is how some people might describe the Bitcoin half of their investment), they’re all good signs. As Ethereum trades right at the $2,500 level, the utility and growth of the network continues looking healthier than ever. The amount of new weekly $ETH addresses created is ranging around 800K-1M per week, compared to about one third less at this point last year. pic.twitter.com/K1nxFBVlqL — Santiment (@santimentfeed) June 19, 2025 The strong developer community that surrounds Ethereum together with its unshakeable position as the main platform for smart contracts and decentralized finance has converted Ethereum into a real focal point for both individual and institutional users. This is a world in which even the most reliable paths can lead off a cliff, yet here is Ethereum, with always more and more new participators entering its ecosystem. That is just one visible metric, and by all appearances it is a strong one. Whale Accumulation Signals Confidence in the Future Big Ethereum owners — often called “whales” — show no signs of slowing down. On-chain data suggests that these high-net-worth individuals are hard at work accumulating ETH, treating it as if tomorrow the supply could run out. This kind of ETH-hoarding behavior from whales usually reflects utter confidence in the future of the asset and often precedes some major price moves. This trend of accumulation not only helps give price support in uncertain times but also sends a small-investor signal that smart money is getting positioned for a possible breakout. The number of Ethereum addresses with large balances keeps growing, and the present market dynamics are so reminiscent of former conditions that came just before previous altcoin bull runs that they have some analysts chattering about an imminent Ethereum bull run. Ethereum whales are stacking $ETH like the supply runs out tomorrow. This is the biggest sign that Altcoin Season is right around the corner! pic.twitter.com/k4h0WVJcgu — Coinvo (@ByCoinvo) June 19, 2025 Such trends are frequently early signs pointing to the approach of an “Altcoin Season” — that period in the market when alternative cryptocurrencies are performing tremendously well, often at the same time as Bitcoin is experiencing a substantial upswing. When might that be? Historically, if Ethereum isn’t the leader of the pack (which it often is, given its market cap), it’s at least a very close second, with a sizable difference between the performance of Ether (ETH) and BTC. Institutional Interest Reaches New Highs The most persuasive sign of Ethereum’s solidifying market position is the swelling level of investment from institutions. Not just individuals, but entities of all kinds are now pouring cash into what was once a fringe project. In total, a remarkable 38 institutional entities now hold more than $3 billion in Ethereum. That’s around 1.19 million ETH. And that puts the total ETH held by institutions just shy of 1% of the entire circulating supply. 38 institutions now hold $3 Billion+ in $ETH That’s 1.19M ETH — nearly 1% of all #Ethereum in circulation. Top holders include: 1⃣ Ethereum Foundation 2⃣ Coinbase 3⃣ Golem Foundation 4⃣ PulseChain 5⃣ SharpLink Big money is betting on Ethereum long-term. Are you? pic.twitter.com/9lrpAjXZLK — Crypto Patel (@CryptoPatel) June 20, 2025 Some of the biggest names in crypto are among the top holders of ETH: the Ethereum Foundation, Coinbase, the Golem Foundation, PulseChain, and SharpLink, to name just a few. These entities are not merely buying ETH as a speculative asset and holding large quantities for their own benefit. Many are integrating Ethereum into their operations, development, or infrastructure in some way. Adding legitimacy and a layer of long-term stability to the network is the involvement of institutions in Ethereum. Unlike retail investors, who may enter and exit quickly based on price action, institutions tend to take longer-term positions. They make these moves for reasons more fundamental and strategic than anything driven by the short-term objectives usually found in retail trading. When institutions choose to deploy capital into a network like Ethereum, it definitely sends a positive signal. What is even more positive, however, is that over this past year, Ethereum has not only attracted institutional interest—it has captured substantial institutional capital. Altcoin Season on the Horizon? Ethereum’s price seems to be moving toward an area of stabilization around $2,500. Meanwhile, a number of metrics associated with Ethereum’s blockchain are registering very strong results. And there are unmistakable signs that powerful institutions and high-net-worth individuals are taking a serious interest in Ethereum. If anything, the opposite outcome of a collapse in Ethereum’s price seems very unlikely. And historically speaking, when confidence in Ethereum is running high, it tends to be a leading indicator that a nice little rally in the altcoin space is also coming into view. The crypto market seems to be on the verge of a new growth phase, with a fresh influx of capital and burgeoning network activity. In this situation, not only Ethereum’s status as the premier smart contract platform but also altcoins’ prospects appear to be gaining strength. Both analysts and investors will be keeping a close watch in the weeks to come. If the present trends maintain, Ethereum’s steady grind upward may be just the start of an even bigger move. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. 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In a historic change that may reshape the crypto investment landscape, Bloomberg analysts Eric Balchunas and James Seyffart have significantly upped the ante on the approval odds of a wave of spot altcoin ETFs. In their latest analysis, they now rate most major altcoins with a 90%-to-95% chance of getting approved as ETFs in the U.S. by 2025, a development that would take institutional adoption of cryptos well beyond just Bitcoin and Ethereum. Even if the precise timing of these approvals is unknown, the SEC’s increased interaction with issuers is a very good sign. It’s very clear that the SEC is working with these issuers very directly, and it’s very likely these products are going to get a green light now. If they do, and they’re Bitcoin ETFs, then that’s clearly a very positive sign for the cryptocurrency ecosystem—just like the altcoin surge. The Next Phase: Altcoin ETFs Could Spark a Full-Fledged Altseason Analysts view the potential for multiple altcoin ETFs as a reason to now reshape expectations across the industry. They believe that the stage is now set for what could be a significant altseason—one not driven solely by retail hype, but also by serious institutional participation. NEW: @EricBalchunas & I are raising our odds for the vast majority of the spot crypto ETF filings to 90% or higher. Engagement from the SEC is a very positive sign in our opinion pic.twitter.com/5dh8G8rK6Y — James Seyffart (@JSeyff) June 20, 2025 Several important altcoins, like Litecoin, Solana, and XRP, have already been applied for with the necessary authorities to set up Spot ETFs. Each of these assets now has a very good 95% likelihood—a number that regulators and businesses alike can get behind—of being approved within the next year. Close on their heels are a few other popular cryptocurrencies, like Dogecoin and Cardano, which have a 90% likelihood of following suit in the same time frame. Younger or lesser-known assets like Sui and TRON are said to be at the beginning stages of the ETF filing process. “Most of these approvals are expected to start rolling out from the third to the fourth quarters of 2025, making the second half of that year a potentially transformative period for the crypto market. We could actually see some of these assets potentially double or triple in value if their underlying technology proves out and if the ETF narrative plays out in an unimpeded manner. ” This level of optimism stems from the approvals of spot Bitcoin ETFs, which were officially green-lighted in early 2024. These investment vehicles have helped drive demand for Bitcoin, pushing its price to new highs. Ethereum has followed closely behind in terms of price and has also received ETF approvals. Together, these developments position several other large-cap crypto assets as potential candidates for new ETF products. What Makes ETF Approval So Important? ETFs are an increasingly investor-friendly way to gain exposure to asset classes. Spot ETFs, which track the price of the underlying asset, allow individuals and institutions to invest in crypto assets through regulated financial products. They exist at the intersection of traditional finance and the decentralized world of blockchain. #Altcoin ETFs are coming and the stage is being set for a proper altseason. Multiple altcoins now have active Spot ETF filings and some of them have a 95% approval chance this year. $LTC , $SOL , $XRP have 95% odds of approval in 2025. $DOGE , $ADA , $DOT , $AVAX have 90% odds of… pic.twitter.com/DB3Qh1Z9VU — Ted (@TedPillows) June 21, 2025 Three key benefits come with each ETF approval: 1. Improved transparency: ETFs have simple and straightforward structures that investors can understand. 2. Enhanced market efficiency: ETFs contribute to market efficiency; they cannot be priced inaccurately for any sustained length of time without some form of arbitrage being executed. 3. Broadened access to investment opportunities: Whereas many of the indexes against which ETFs are benchmarked are not tradable themselves, the ETFs that track those indexes are. Inflows from institutions. Huge investors—hedge funds, pension funds, and asset managers—almost always prefer to invest in products that are regulated. They can invest directly in crypto assets, but if they want to put in a huge amount of capital, they almost always go with a product like an ETF. Why? Because those products allocate capital to the underlying assets without requiring the institutions to deal with custody of the assets or with the kind of exchanges that are not regulated. New investor accessibility. Exchange-traded funds (ETFs) make it simpler for ordinary investors to acquire altcoin exposure through traditional brokerage wrappers, IRAs, and 401(k) retirement accounts. This vastly widens the user base for these assets. Legitimacy from regulations. When the SEC or any other regulatory body gives the nod to an asset’s framework, this kind of approval and oversight can only help in winning wider acceptance for the asset itself. Media exposure tends to follow. Such is the kind of long-term, sustainable path that any asset would hope to tread. Spot Bitcoin ETFs clearly drove the dynamics described above. They were expected to bring in large amounts of inflows because they were expected to be very safe and also because they were the first Bitcoin ETFs that could be bought in the U.S. They were meant to track the spot price of Bitcoin. And they did. But also shortly afterward, in mid-2023, they sparked another wave of bullish momentum for Bitcoin itself and also for all other cryptocurrencies. Analysts now think we could see a similar wave of bullish momentum for altcoins if/when their own ETFs get launched. TradFi Turns Its Gaze Toward Altcoins This trend holds a broader implication: that conventional finance is now looking beyond just Bitcoin and Ethereum and is seriously considering a number of other cryptocurrencies as well. Large-cap altcoins, many of which have real-world utility and offer innovative uses of blockchain technology, are now in the sights of not just private wealth managers, but also standard portfolio managers and ETF providers. If the current odds are to be believed, a trio of upcoming exchange-traded funds (ETFs) could pave the way for a profusion of ‘altcoin’ investing—those aren’t Bitcoin or Ethereum—in the financial mainstream. Should these funds see the light of day, 2025 may be remembered as the year of such ‘altcoin’ penetration in price structure. The crypto market is primed for a new potential breakout, but this time it might not be Bitcoin leading the charge. Instead, the diverse and dynamic ecosystem of altcoins—especially the larger ones like Ethereum, Solana, and Ripple—could be the catalyst for the next crypto breakout. Why is this? It’s mostly down to ETF developments. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
Chainlink’s token dynamics have reignited conversation with this move. A Non-Circulating Supply address transferred 4.875 million LINK tokens, worth around $61 million, to Binance. This large transfer marks the first movement from such an address in more than three months and is breaking a long stretch of silence from these addresses. This transfer also appears to be one part of a much larger recent wave of LINK deposits to Binance. In the past 12 hours, LINK deposits to Binance have seen a significant increase. As per on-chain data sources, several addresses identified as Non-Circulating Supply wallets have together deposited approximately $220 million worth of LINK into the exchange. The size and synchronized appearance of these transfers have raised alarms about possible short-term selling of the token. Một địa chỉ thuộc Non-Circulating Supply của Chainlink vừa chuyển 4.875 triệu $LINK lên Binance (trị giá 61 triệu USD) Đây là lần nạp lớn đầu tiên sau 3 tháng im ắng. Đây chỉ là 1 địa chỉ được đánh dấu Non-Circulating Supply trong số nhiều địa chỉ đã… pic.twitter.com/z7kWnzDnBg — Blog Tiền Ảo (@blogtienao_hq) June 21, 2025 A Surge in Exchange Deposits Sparks Speculation This sudden inflow of LINK tokens onto Binance has attracted the notice of the crypto community. It is an outflow from addresses presumed to hold non-circulating or locked supply. These addresses are thought to be used for team allocations, reserve tokens, and smart contract holdings that are not expected to be part of the circulating econ in the short term. This is the gist of a recent Twitter thread by 0xBoson, an account with a not-so-secret identity that has become a part of the Chainlink community. In this thread, Boer offers context and speculation about why Chainlink is behaving in this manner. These addresses being reactivated—along with the fact that they’re depositing tokens onto a major exchange—has led many analysts to believe a fresh sell-off is afoot. Selling pressure of this magnitude, particularly from such high-volume wallets, usually impacts token prices pretty immediately. And for LINK, this has meant renewed market volatility as traders adjust to the new supply situation. Even if not sold straightaway, simply taking tokens to an exchange often signals holders are switching to a more liquid posture and are ready or getting ready to liquidate. Historical Patterns Offer a Different Perspective It is curious that, despite the initial worry about these large transfers, historical data imply that significant unlocks of LINK and movements to exchanges do not always coincide with declines in price. Lookonchain, for instance, provides data suggesting that several earlier unlock events were followed by substantial price increases. Chainlink Noncirculating Supply wallets deposited 17.875M $LINK ($149M) into #Binance again today. Historically, #Chainlink has done 11 major unlocks—most were followed by price increases. https://t.co/edlAW6psdb pic.twitter.com/3NoK2yhDeo — Lookonchain (@lookonchain) June 21, 2025 This may be an odd pattern, but it could be the result of some market psychology and some investor expectations. When a large amount gets unlocked, it tends to attract attention and trading volume, and that in turn can lead to some visibility and interest from investors. And after the dust settles post-unlocking, LINK appears to find new support levels and enter recovery phases that can, at times, transition into some nice short-term rallies. Yet, it is necessary to proceed with caution. The timing and magnitude of this event—$220 million in deposits in a very short window—classifies it as something other than just your run-of-the-mill unlock event. If the market sees what is happening with these assets as something beyond just an unfortunate coincidence and interprets it as a sign that long-term holders or internal stakeholders are trying to sell large portions of their holdings, the psychological impact on the market could be significant. Short-Term Pressure, Long-Term Potential Chainlink’s fundamentals are solid, with the project constantly enlarging its part as an essential infrastructure layer for smart contracts, DeFi applications, and the tokenization of real-world assets. Its technology is universally accepted, and its partnerships with both crypto and institutional players keep multiplying. Even so, in the short term, it is supply-and-demand imbalances that typically steer price motions, not the long-term fundamentals of a situation. The sudden factor has introduced over $200 million worth of LINK tokens that are now available for sale on a major exchange. This could create a major market impact in the days or, at most, weeks ahead. At present, traders and long-term holders are keeping a close watch. Some may consider this a potential buying opportunity should prices decline, while others are taking the moment to hedge until the full brunt of the sell-side is absorbed. Like always, big on-chain moves from previously dormant or non-circulating addresses indicate changes in sentiment, strategy, or market structure. It’s not yet clear whether this recent uptick in LINK deposits means we’re headed for a short-term local bottom or a longer-term bearish trend, but what is clear is that the Chainlink token economy has entered a new phase—one marked by higher activity and, seemingly, by higher rates of token inflation. That’s something the market is certainly watching. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. 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