In crypto news today: Crypto market is red today Botanix Launches Decentralized Bitcoin Blockchain with 16-Node Founding Federation BYDFi and Ledger Launch Limited Nano X HashPower Secures $4 Million Investment __________ Crypto market is red today The global cryptocurrency market capitalization has declined by 2.8% over the past 24 hours to $3.42 trillion. At the time of writing, the daily crypto trading volume is $92.6 billion, still relatively low. Only one of the top 10 coins per market capitalization is green today, but it’s unchanged. Bitcoin (BTC) decreased by 1%, currently trading at $104,891. Ethereum (ETH) also fell 1.3%, now changing hands at $2,609. The category’s best performer is Tron (TRX) , but it has increased by only 0.1%, meaning it’s unchanged. Its price is currently $2,609 At the same time, Dogecoin (DOGE) decreased the most: 3.4% to $0.1896. Moreover, most of the top 100 coins have turned red today. Virtuals Protocol (VIRTUAL) fell the most in this category. It’s now down 9.4% to the price of $1.76. On the other side, six coins are green. Toncoin (TON) appreciated the most: 0.9% to $3.24. Botanix Launches Decentralized Bitcoin Blockchain with 16-Node Founding Federation Botanix Labs , the protocol research team developing the Bitcoin-based blockchain Botanix , announced that the chain officially transitioned to a decentralized federation. Mainnet plans to launch later this quarter. Per the press release, the project has onboarded sixteen independent node operators. Besides Botanix itself, these include Galaxy , Fireblocks , Alchemy , XBTO , Antpool , UTXO Management , Kiln , Chorus One , UndefinedXBlockPI , DAIC , Pier Two , Stakin , Vertex , Stake.fish , and Hashkey Cloud . This means that starting now, no single party—not even Botanix—can unilaterally influence or censor the network. All changes, upgrades, and operational execution will be coordinated across 16 independent entities, geographically spread around the world. — Botanix (@BotanixLabs) June 5, 2025 The team says that, with this launch, Botanix “becomes the first and only Bitcoin-based blockchain that is decentralized from the start.” No single entity can unilaterally influence or control the network, they claim. Botanix Labs is fully removed from all operational responsibilities, handing governance and consensus over to this federation of node operators. Additionally, the founding federation is intentionally distributed geographically with different hardware configurations to eliminate a singular point of failure. The network will soon migrate to a dynamic federation to support hundreds of nodes, says the announcement. The eventual goal is to allow anyone in to run their own Botanix node. You may also like: Ethereum vs. Bitcoin? Vitalik Says BTC Wins on Simplicity and Node Count Ethereum co-founder Vitalik Buterin has acknowledged that Bitcoin holds key advantages over Ethereum in protocol design and decentralization.In a June 4 post on X, Buterin responded to a thread debating Ethereum’s current strengths and weaknesses. Users argued that Ethereum leads in censorship resistance but still faces limitations in transaction throughput.Buterin agreed, stating, “There’s some aspects of this where bitcoin is ahead imo.”Buterin: BTC Leads on Code... BYDFi and Ledger Launch Limited Nano X Global crypto exchange BYDFi and hardware wallet maker Ledger have launched a limited-edition BYDFi x Ledger Nano X wallet and a global campaign to engage crypto key opinion leaders (KOLs) and content creators. According to the press release, the BYDFi x Ledger Nano X is a customized version of Ledger’s flagship cold wallet. It comes with Bluetooth, USB-C, and support for over 15,000 cryptocurrencies and NFTs. Key features include mobile-first design, military-grade security, Ledger Live integration, and support for multi-chain and multi-asset management. Just 500 Units — BYDFi x Ledger Cold Wallet Drop Tailored for KOLs. Built for security on the move. Introducing the BYDFi x Ledger Nano X — A mobile-first hardware wallet with Bluetooth® and industry-leading security, from @Ledger — the most trusted name in crypto… pic.twitter.com/yO6uWql7WH — BYDFi (@BYDFi) June 4, 2025 Moreover, the BYDFi x Ledger campaign has invited creators and KOLs to participate in an open-entry initiative to receive a limited-edition wallet. Participants post on Twitter, share their thoughts on the collaboration, and submit an application via the campaign page. “Selected applicants will receive the exclusive BYDFi x Ledger Nano X, along with special perks as part of the partnership program,” the teams say. You may also like: EXCLUSIVE: Ledger and Pudgy Penguins Reveal Limited-Edition Custom Device and Cases Major crypto wallet Ledger has partnered with the popular Pudgy Penguins non-fungible token (NFT) collection to launch a limited-edition device and complementing protective cases.According to the press release shared with Cryptonews, the products will launch at TOKEN2049 Dubai on 29 April. Attendees will get a first-hand look and a chance to buy these releases. Per the team, they offer both fans and collectors “a unique fusion of secure digital ownership and playful design.”The... HashPower Secures $4 Million Investment On-chain staking and yield protocol HashPower has announced the completion of a $4 million strategic investment round, with participation from HashKey Capital, FBG Capital , Hailstone Labs , and DePIN X Capital . According to the press release, this round will help HashPower expand global decentralized mining capabilities, optimize staking rewards, and build real-world digital asset and AI infrastructure through permissionless, on-chain access. HashPower Secures $4M Investment to Advance Decentralized Mining and AI Infrastructure Hong Kong, China, June 4th, 2025, Chainwire HashPower, an on-chain staking and yield protocol, announced the completion of a $4 million strategic investment round, … https://t.co/pLqafYdxzZ — Press Releases (@press_newswire) June 4, 2025 Previously, HashPower signed a $60 million Memorandum of Understanding (MOU) with Aethir , Multiple Network , XPIN Network , Planck Network , DI Foundation , Inferix , Bitcoin on Base , and Automata Network . “These partners have committed to advancing ecosystem growth, joint research and development, and collaborative deployments in decentralized mining, computing, and AI infrastructure,” the team says. You may also like: Bitcoin Hashrate Hits All-Time High: Are Bitcoin Miners Dumping to Stay Afloat? Following the last halving, on April 5, Bitcoin’s hashrate reached a historic milestone of 1 sextillion hashes per second, according to BitInfoCharts.Source: BitInfoChartsMarch 2025 saw a sharp 50% decline in miner revenue compared to March 2024, with total earnings falling to approximately $1.2 billion, according to data from Newhedge. Source: NewhedgeThe bulk of miners’ income comes from two sources: block subsidies and transaction fees. With the recent halving, which has... __________ Bookmark this page and subscribe to our newsletter for the latest crypto news updates! The post What’s Happening in Crypto Today? Daily Crypto News Digest appeared first on Cryptonews .
Elon Musk has issued a stark warning about the escalating U.S. national debt, urging citizens to actively engage with government representatives to address this critical fiscal challenge. His call to
TRON blockchain has achieved a new milestone with record-breaking daily active users, signaling robust network growth and increased decentralized application engagement. Despite the surge in user activity and transaction volume,
Stop-loss and take-profit orders help Bitcoin traders lock in gains and cut losses automatically. They’re essential tools for managing risk in a 24/7, fast-moving market.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Emerging token XYZVerse eyes 33,333% gains in 2 years, stirring global investor excitement. An emerging digital token is stirring excitement with predictions of climbing from just $0.003333 to $1 in two years. XYZVerse Coin might deliver an astounding 33,333% return, potentially surpassing Bitcoin’s growth. Could this be the next big leap in digital currency, capturing the attention of investors worldwide? You might also like: Avalanche FIFA deal could change sports NFTs, sports memecoin XYZVerse aims to ride the wave Demand for XYZ soars as capitalization nears $15m milestone The XYZVerse (XYZ) project, blending sports with cryptocurrency, has gained significant attention from investors. Unlike typical memecoins, XYZVerse aims for long-term success, with a solid roadmap and an engaged community. Recently named Best New Meme Project, its reputation continues to grow. Price growth and upcoming listings During its presale, the XYZ token has steadily risen from $0.0001 to $0.003333, with the next stage targeting $0.005. The final presale price will be $0.02, and after this, the token is expected to list on major exchanges. Early investors could see up to 1,000x returns if the project hits its $0.10 listing price. With over $13 million raised, the presale is fast approaching the $15 million mark, signaling strong demand from both retail and institutional investors. Community rewards and future plans Active contributors in XYZVerse are rewarded with airdropped tokens for their involvement. With solid tokenomics, strategic listings, and consistent token burns, XYZ is poised for long-term growth. Join XYZVerse now to unlock a world of benefits and be part of its winning team! Airdrops, rewards, and more. Join XYZVerse to unlock all the benefits. Bitcoin Bitcoin (BTC) has experienced notable price changes recently. In the past week, its price decreased by 3.18%, settling between $102,407 and $109,936.19. However, over the last month, it increased by 11.83%. In the past six months, Bitcoin rose by 8.67%, showing a gradual upward trend despite short-term dips. Indicators show mixed signals for Bitcoin’s future. Some suggest the market is neutral, while others indicate it might be oversold, hinting at a possible rebound. Yet, there are signs of bearish momentum that could continue to influence the price. The average price over the past 10 days is slightly higher than the average over the past 100 days, which could mean a short-term upward trend. Bitcoin faces resistance at $114,097. If it breaks this level, it could reach $121,625, gaining about 10%. If the price falls, it may find support at $99,039 or $91,511, which would be a drop of around 5% to 10%. Traders are watching these levels to see where Bitcoin goes next. Conclusion While established coins like Bitcoin are solid, XYZVerse’s unique mix of sports and memes, community focus, and growth plans position it for standout success in the 2025 bull run. To learn more about XYZVerse, visit the website , Telegram , and Twitter. Read more: Dogecoin vs. Shiba Inu vs. XYZVerse: Experts reveal which crypto will explode next Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Stocks opened higher on Thursday after reports that U.S. president Donald Trump and Chinese counterpart Xi Jinping had a phone call. The Dow Jones Industrial Average, which snapped its latest five-day winning streak on June 4, opened in the green but after 40 minutes of trading turned slightly negative. While the trading showed a lack of upbeat momentum, enthusiasm on Wall Street reflected the news that Trump and Xi talked over the phone. The call, reported by Xinhua , comes just days after Trump claimed China violated a recently agreed trade agreement. Stock markets rallied in April after U.S.-China trade talks in Switzerland. As stocks edged higher following this latest move, Bitcoin ( BTC ) hovered just above $105k. You might also like: JPMorgan to accept Bitcoin ETFs as collateral for loans While Wall Street is eyeing gains that could see major U.S. indexes clock out another winning week, worries around global economic growth persist. Latest to add to the overall downbeat mood is the ADP report on private-sector hiring growth. On Thursday, the Labor Department’s Bureau of Labor Statistics reported that weekly jobless claims rose for the second consecutive week. The number of Americans filing for unemployment benefits increased by 8,000 to 247,000, the highest weekly jump since October 2024. The figure came in above economists’ expectations of 237,000 new claims. In parallel, U.S. worker productivity fell in the first quarter of 2025, driving unit labor costs up 6.6% amid persistent tariff uncertainty. According to the Bureau of Labor Statistics, nonfarm productivity declined at an annualized rate of 1.5% during Q1. You might also like: Dow Jones loses 200 points as Trump waits for Xi call, EU sends warning Also notable on the day was the European Central Bank’s decision to cut interest rates by 25 basis points, bringing its deposit facility rate to 2%. This marks the ECB’s seventh consecutive rate cut, down from a peak of 4% in mid-2023. The ECB’s move follows eurozone inflation data showing a decline to 1.9% in May, below the bank’s 2% target. Meanwhile, U.S. President Donald Trump has recently criticized Federal Reserve Chair Jerome Powell for the Fed’s decision not to cut interest rates. Ongoing uncertainty around tariffs and monetary policy continues to shape investor sentiment in risk asset markets. You might also like: Dow Jones snaps win streak as Fed Beige Book flags weak growth, rising costs
Bitcoin (BTC) and other major cryptocurrencies have struggled to provide investors with a clear directional signal amid a historically bearish June, further deepening the slump as inflows into spot Bitcoin ETFs have slowed. Bitcoin and Cryptocurrencies Weak in June: ETF Inflows Slow According to data published by 10x Research, June is generally a mixed or negative month for Bitcoin. Over the past 10 years, BTC's average return this month was recorded as 1.9%, with half of them being positive and half being negative months. Ethereum (ETH) has performed less well: it has only risen in two of the last seven Junes, with an average decline of 11.7%. XRP has performed even worse, while Solana (SOL) has remained relatively more resilient. This weak outlook is also reflected in the waning interest in spot Bitcoin ETFs traded in the U.S. According to SoSoValue data, the ETFs saw net inflows on only two of the last five trading days. ETF inflows remained at $87 million on Wednesday, a sharp drop from Tuesday’s $387 million. Inflows into Ethereum ETFs also fell to $57 million, the lowest since May. “The weakening pace of institutional inflows suggests that we are losing momentum and forces us to remain cautious about the near-term outlook,” said Valentin Fournier, chief research analyst at BRN. However, some analysts are more optimistic. “Despite the seasonal summer lull, structurally positive ground remains. BTC and ETH supply growth rates are now lagging behind global money supply growth, increasing the likelihood of positive price action in the long term. New treasury buyers are absorbing supply,” QCP Capital said. The company also pointed out the relative strength of Ethereum, noting that the ETH-BTC ratio is trading near recent highs. *This is not investment advice. Continue Reading: Bitcoin and Cryptocurrencies Weak in June! Will History Repeat Itself? Here's What Analysts Say
The largest American crypto exchange, Coinbase, has launched wrapped versions of XRP and Dogecoin on its Ethereum-based layer-2 network, Base. According to a series of tweets from the Coinbase Assets X account, the crypto exchange holds 1:1 reserves for the underlying assets of cbXRP and cbDOGE in its custody. cbXRP, cbDOGE Go Live on Base The launch of wrapped tokens for XRP and DOGE will enable cross-chain functionality for the assets. Market participants can now use cbXRP and cbDOGE to interact with applications on the Base network. So far, Coinbase has issued 10.4 million cbDOGE worth approximately $1.88 million per Dogecoin’s price at the time of writing. The exchange has also issued at least 2.3 million cbXRP worth more than $5 million. To prevent scammers from misleading users, Coinbase has provided the Base contract addresses for cbXRP and cbDOGE. cbXRP and cbDOGE have joined the growing list of wrapped assets across the Base network. Coinbase has already issued Wrapped Bitcoin (cbBTC) and Wrapped Ether (cbETH). The company plans to launch similar versions for Cardano (ADA) and Litecoin (LTC) in the coming weeks. Coinbase’s Wins and Challenges Since last year, the exchange has been expanding its market for wrapped tokens, especially after the successful launch of cbBTC. The product went live on Base and Ethereum in mid-September 2024, becoming the third-largest wrapped bitcoin version within a week. It has maintained that position with a market capitalization of at least $4.7 billion, according to data from CoinGecko, trailing behind Binance’s wrapped BTC (BTCB) and BitGo’s product, WBTC. This latest milestone comes shortly after Coinbase joined the S&P 500 stock market index, marking the first time a crypto company has achieved this distinction. The firm has also recently entered into an agreement to acquire Deribit, the largest crypto derivatives platform, for $2.9 billion. While the crypto exchange records new wins, it is also tackling certain challenges. Coinbase faced a massive data breach that affected at least 69,000 users. The incident not only compromised user data and Coinbase’s support infrastructure but also led to a loss of up to $400 million. As the firm tries to handle the situation, it has come under intense scrutiny for failing to disclose the cyberattack when it was first noticed. The post Good News for XRP and DOGE? Coinbase Unveils Wrapped Versions on Base Network appeared first on CryptoPotato .
Silo Pharma (Nasdaq: SILO), a US-listed pharmaceutical firm, has received board approval to acquire up to $1 million in Bitcoin as part of its reserve assets, according to a recent
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