Metaplanet, a Japanese firm inspired by Michael Saylor’s Strategy, has unveiled an aggressive Bitcoin accumulation plan targeting 110,000 BTC by 2027. The company aims to transform into a Bitcoin treasury
Metaplanet, a Tokyo-based investment firm, has unveiled an ambitious plan to raise $5.4 billion to acquire 210,000 Bitcoin by 2027, marking a significant move in corporate Bitcoin adoption. This strategy
The recent public feud between Donald Trump and Elon Musk has triggered significant market volatility, notably causing Tesla’s stock to plummet by 14% amid heightened investor uncertainty. Trump Media &
The crypto market cap slipped again today, down 4.1% to $3.33 trillion, while daily trading volume reached $142.2 billion. The market remains volatile, though some major coins are showing signs of resilience. TL;DR: The crypto market cap dropped 4.1% today to $3.33T, volatility remains high; BTC is holding above $103K after a pullback from $111.8K ATH; Profit-taking by long-term holders is capping short-term gains; Small caps like KILL BIG BEAUTIFUL and VICE see strong speculative interest; Institutional demand and ETF inflows could drive BTC toward $115K by early July; The U.S. jobs report may influence BTC’s next move, with $95K–$97K seen as key support. Crypto Winners & Losers At the time of writing, Bitcoin (BTC) is changing hands at $103,188, largely unchanged on the day. Ethereum (ETH) , however, fell another 5.8% to $2,455.79. XRP is stable at $2.13, up a slight 0.1% in the past hour. Tether (USDT) and USD Coin (USDC) remain anchored at $1. Meanwhile, Solana (SOL) declined 3.5% to $147.26, continuing its recent downtrend. Dogecoin (DOGE) took a heavier hit, down 7.2% to $0.175. On the flip side, small-cap coin KILL BIG BEAUTIFUL surged 168.5%, followed by VICE up 35%, and GIZA up 17.7%, reflecting growing speculative activity in smaller tokens. $BTC has broken above the short-term holder realized price. If history repeats… Bitcoin is about to explode! pic.twitter.com/f5utqm1j1u — Mister Crypto (@misterrcrypto) June 5, 2025 While top assets remain range-bound, on-chain metrics suggest that the market may be gearing up for a new move. BTC’s resilience above the $100K level remains key for broader sentiment. Macro factors such as ongoing U.S. debt concerns and global liquidity trends could shape the next leg of the cycle. For now, crypto investors are watching closely for confirmation of a breakout. Bitcoin’s Rally Faces a Test as Long-Term Holders Lead Profit-Taking Bitcoin recently surged to a new all-time high of $111.8k before retreating to $103.2k, as long-term holders began realizing profits, according to a report by Glassnode . The latest rally was largely spot-driven, with key accumulation zones now serving as support between $81k and $104k. However, older cohorts are now offloading, posing resistance to further upside. On-chain data shows that many previous accumulation zones have flipped into distribution zones, particularly those formed between $25k–31k and $60k–73k. These seasoned holders are shaping the current market structure, applying selling pressure that could cap Bitcoin’s short-term gains. Cost basis models highlight immediate support near $103.7k and $95.6k, with resistance sitting at $114.8k. The average entry price for short-term holders is now around $97.1k, with wider bands defining the market’s current sentiment range. A break of these levels could signal whether momentum is fading or reigniting. Profit realization has intensified, with daily profits spiking to $1.47B, marking the fifth such event this cycle. Importantly, this selling is being led by long-term holders—those holding for over a year—indicating mature capital rotation rather than speculative churn. In short, Bitcoin’s latest surge has entered a critical phase. Elevated profit-taking by veteran investors, coupled with cooling momentum, suggests that the market may be transitioning into a consolidation or top-formation phase. Whether support zones hold in the coming weeks will determine if the rally resumes or deeper corrections unfold. Levels & Events to Watch Next BTC is currently trading at $103,450. It briefly touched an intraday high of $103,467 but could not break higher. From its recent all-time high of $111,814, the coin is now down approximately 7.5%. Over the past week, BTC has declined by around 3%, while still posting a monthly gain of roughly 8%. Bitcoin could climb to $115,000 or higher by early July, driven by institutional demand, ETF inflows, and broader macro catalysts, according to Bitfinex analysts . In their latest market outlook, they highlighted that Friday’s U.S. jobs report could further influence expectations for Federal Reserve rate cuts, which would benefit risk assets like BTC. While the labor data alone won’t dictate Bitcoin’s next move, weaker-than-expected figures could reinforce disinflation trends and support a dovish Fed stance. In this scenario, BTC could test the $120K–$125K range in June. On the downside, the $95K–$97K zone is seen as key for accumulation. SCENARIO FRAMEWORK: June 2025 BTC Forecast Bullish Breakout (Probability: 79%) •Range: $112K → $126K •Triggers: •Trump–Musk détente formalized as strategic alliance •U.S. jobs report confirms soft-landing illusion breaking •ETF inflows resume post-volatility flush… — SightBringer (@_The_Prophet__) June 6, 2025 Currently trading near $105,000, Bitcoin faces short-term risks if the jobs report surprises to the upside, which could push BTC back toward $102K or lower. However, Bitfinex analysts emphasize that Bitcoin’s trajectory remains shaped by a complex mix of institutional flows, macro factors, and evolving market sentiment. The post Why Is Crypto Down Today? – June 6, 2025 appeared first on Cryptonews .
‘Japanese Strategy’ Metaplanet begins to accelerate its 2025-2027 Bitcoin accumulation plan
The post Hong Kong’s New Rule Forces Stablecoins to Have Real-World Backing appeared first on Coinpedia Fintech News The Hong Kong government has just approved a set of rules that will make sure every stablecoin in the city is backed by real money, like cash in the bank or government bonds. This means no more risky promises or unclear deals—just a clear, safe way to handle digital dollars. Here’s what it’s all about! Hong Kong’s New Stablecoin Rules While the U.S. and Europe are still talking about how to regulate stablecoins, now worth over $250 billion around the world. Hong Kong plans to launch its own Hong Kong dollar-backed stablecoin could make cross-border payments much easier. The new rules, passed in May, don’t just cover the basics. They demand that companies prove their coins are fully backed by solid money in the bank, like cash or government bonds. No risky promises, no half-truths—just real money behind every digital token. This is a major shift from the free-for-all world that stablecoins have lived in until now. But Hong Kong isn’t just doing this for safety’s sake. It’s also about giving smaller businesses new ways to pay and get paid quickly. Law Takes Effect in August The new stablecoin law, which was passed by the Legislative Council on May 21, is set to officially take effect on August 1. Treasury chief Christopher Hui Ching-yu called the launch of the law “a milestone” that will help Hong Kong build a safer and more sustainable digital asset system. Under these rules, only licensed firms will be able to issue stablecoins tied to the Hong Kong dollar or any other fiat currency within the city. Big Companies Join In Hong Kong is starting its stablecoin system with big names like Standard Chartered and JD.com’s Coinlink, and other major players. The government says this first batch will be watched closely to make sure everything works smoothly. Vivien Wong from Hashkey Capital says more companies want to join, but they must meet strict standards. For small businesses, this could mean faster and cheaper cross-border payments, helping them trade more easily with nearby regions like southern China.
Last month, CoinDesk discussed in detail how bond market activity is challenging the notion that the U.S. government is good for money, raising questions on the long-held "kayfabe" or illusion of fiscal stability . Now, billionaire tech entrepreneur Elon Musk has raised the alarm on X through his [perhaps rightful] diatribe against President Donald Donald Trump's big, beautiful tax bill, which is projected to boost the fiscal deficit by $2.4 trillion over ten years. That's happening at a time when mounting fiscal concerns are already driving investors away from U.S. assets and into alternatives, such as bitcoin and gold. As of FY 2024, the fiscal deficit stood at $1.8 trillion, and as of today, the national debt is already at $36 trillion, with a nnual interest payments amount to $1.13 trillion . Someone as influential and popular as Musk taking fiscal concerns public could result in two things: First, it could accelerate the shift away from U.S. assets. Is it merely a coincidence that at a time like this, corporate treasury adoption of bitcoin and other tokens, including XRP , has picked pace? Secondly, investors concerned about the government's fiscal health are likely to demand a higher inflation-adjusted yield to lend money to the government. So, expect yields to remain sticky on the higher side, further complicating the fiscal situation and economic growth. Government is bankrupt, at least in theory Bitcoin BTC believers, have been warning of this day for a long time. To paraphrase a former CoinDesk employee, "Crypto may not have all the right answers, but it does ask correct questions." The popular narrative has been that the U.S. government is bankrupt, and the dollar is headed for a collapse . According to Musk , the government risks bankruptcy if fiscal prudence isn't restored. In theory, the government has been bankrupt for decades. That's evident from the repeated debt ceiling lift-offs over the years. Congress set the first federal debt limit at $45 billion in 1939, granting the Treasury wide discretion over the use of borrowing instruments as long as the total debt does not exceed the self-imposed limit. Since then, the ceiling has been repeatedly hit and raised, a sign of fiscal crisis and, in many ways, form of hiding bankruptcy. As of 2025, the debt limit stands at $36 trillion! That's right trillion. This brings to my mind a joke by an Indian standup comedian about government officials artificially raising the danger mark during floods, to create the illusion of control and normalcy. Similarly, repeatedly raising the debt ceiling has been an attempt to mask the country's fiscal bankruptcy. The debt-based fiat system may be broken For at least a decade, Bitcoin believers have been saying that the monetary system is broken and we need to fix the "money" – essentially the debt-based fiat money. And they may be right, as the government debt-to-GDP ratios across the advanced world have risen past 100% , a sign that the debt-based fiat money's ability to generate growth has collapsed. A blog post on Mises Institute described the debt-based fiat money (paper money with a government stamp backed by nothing) as follows: "The government and powerful bankers established a system in 1913 that typically works like this: Every dollar of the monetary base (or “narrow money” or “high-powered money”) comes into existence with a one-to-one increase in the public debt, collectively owed by the taxpayers. Then, private banks use that base to create more dollars (in “broad money”) that come into existence with a one-to-one increase in private debt." "Going the other way, if people in the private sector ever paid off all of their debts, and the federal government paid off all of its bondholders, then the supply of U.S. dollars would be virtually extinguished." "This is the sense in which our fiat-money, fractional-reserve system uses “debt-based money.” Although market prices are flexible and can react to deflation much better than most people realize, it is still true that our system is tragically absurd." A debt-to-GDP ratio above 100% means that the total government debt exceeds the nation's annual economic output. In such a situation, for every additional dollar borrowed by the government and invested in the economy, the resulting impact (multiplier effect) is less than one dollar – that is, the return on additional borrowed funds diminishes. To explain in the context of the law of diminishing returns/utility, the marginal utility of each additional dollar spent in generating growth is negative. It also means that extra debt no longer generates productive economic growth and may actually be harmful. Imagine gorging on your favorite ice cream without a break (just as governments gorging on borrowed money for decades); eventually, at some stage, you will throw up. That's where we are in terms of fiscal finances and the debt-to-GDP ratios in the U.S. and other advanced nations. What next? Economist Russel Napier , known for his expertise on debt and fiscal policy, has discussed several steps governments are likely to take to reduce debt-to-GDP ratios. These include engineering higher nominal GDP growth through a structural level of inflation, which is what many countries, including the U.S. and the U.K., did to inflate away debt after World War II. Allowing moderate inflation to erode the real value of the debt, thereby reducing debt servicing and lowering the ratio, could galvanize demand for assets like gold and bitcoin. Other steps could include devaluing currencies and implementing capital controls and financial repression, all of which could bode well for alternative investments, such as cryptocurrencies. On a lighter note, reducing fiscal spending – a strategy initially promoted by Trump – might be the only way to get the economy back on track. Consider this medical analogy. When your body is exposed to excessive blood sugar over an extended period, cells tend to develop insulin resistance, leading to type 2 diabetes. Doctors often recommend fasting to help restore insulin sensitivity. Similarly, curbing fiscal spending could be the only way to meaningfully lower the debt-to-GDP ratio below 100%, thereby restoring the effectiveness of the debt-based fiat system's ability to generate growth. That said, what if governments fail? The debt-based fiat system may be truly over then, intensifying the search for alternatives, with blockchain and crypto as potential options. Let's see how things unfold.
Thousands of tokens launch every day. Most crash quickly, becoming worthless in time (or all but worthless). So why do people keep investing? Because every now and then, a Lagrange ($LA) comes along. The utility token for the Lagrange Foundation, which aims to support a verifiable AI ecosystem, $LA climbed 560%+ in a few hours after securing listings across major exchanges. The move pushed the token’s market cap over $287M. What went right for $LA, and what does it say about other upcoming projects? Stars Aligned for $LA Launch Lagrange had a few things going for it: Foundational ecosystem: $LA fuels the base layer for an ambitious but detailed technical project (the ZK Prover Network ). Strong early interest: Lagrange attracted major early development from the likes of Peter Thiel’s Founders Fund, which provided $13.2M in seed funding . Detailed project design: Tokenomics, fee generation, staking – Lagrange clearly defined how each element worked in the $LA ecosystem. Broad DEX/CEX listing: After the TGE (Token Generation Event), $LA went live on a number of major exchanges, including Coinbase, KuCoin, Bitget, and more. It was a combination of factors, rather than any one thing, that helped push the project up. Crucially, investors seem confident in the long-term outlook for the Lagrange Foundation . When some investors took profits off the initial surge, causing the token to dip, others bought the dip, pushing $LA back up. No two crypto projects are identical, and this goes for their future potential, as well. But we can take some of the basic principles from $LA’s success and apply them to other projects to get a better idea of their chances. And one project – Solaxy ($SOLX) – shows promising similarities to $LA. Solaxy ($SOLX) – Meme-Focused Multichain Token for Groundbreaking Solana Layer-2 Solaxy ($SOLX) might seem like your average Solana meme coin, at least at first glance. But under the surface, Solaxy isn’t just a meme coin – it’s the foundation of the first ever Solana Layer-2, designed to be the foundation of a whole generation of faster-than-ever Solana tokens. It might even become one of the best meme coins in 2025 and beyond. A closer look at the project shows how $SOLX and $LA share some critical features: $LA raised $13.2M in seed funding; $SOLX raised $44.5M in its crypto presale (set to end in 10 days). $LA provided detailed information about technical developments; $SOLX has already launched the Solaxy block explorer and bridge , with full operational status in June 2025. $LA serves to support key ZK products and features; $SOLX offers a blazing-fast blockchain to add to the $56B meme coin market Both $LA and $SOLX are multi-chain tokens; $LA supports Ethereum, Base, Arbitrum, Solana, Optimism, and Polygon, and $SOLX supports Solana and Ethereum Solaxy is working fast, rolling out key features in the techmap to push full deployment of the Layer-2 as soon as possible. There’s only ten days left for investors to get in during the presale. If $SOLX imitates $LA’s climb, this is the lowest the price will ever be, so learn how to buy Solaxy with our guide, and don’t delay. The current token price is $0.001746. Our price prediction shows that it could climb to $0.032 by the end of the year, passing even $LA’s success and delivering 1,735% returns to investors who get in now. Visit the Solaxy presale page . Factors for $LA’s Success Bode Well for $SOLX That 500% price increase was pretty sweet for early Lagrange investors, and who knows how far the $LA token will go? Some of the same factors that contributed to $LA’s big wins look promising for $SOLX as well. Will it be the next 5x token? Never invest in anything without doing your own research; this is not financial advice.
BitcoinWorld Circle Stock Soars 168% on Historic NYSE Listing: A Milestone for USDC Issuer The financial world just witnessed a significant event as Circle stock made its highly anticipated debut on the New York Stock Exchange. The company behind the widely used USDC stablecoin saw its shares achieve remarkable gains on its first day of trading, signaling strong investor confidence in the digital asset space. What Happened During Circle’s NYSE Listing? Circle’s journey to becoming a publicly traded company culminated in its NYSE listing under the ticker symbol “CRCL”. The trading session on its debut day was marked by intense activity and impressive price appreciation. Here are some key figures from the day: Initial Public Offering (IPO) Price: $31 per share Closing Price: $83.23 per share Percentage Gain: A staggering 168% increase from the IPO price Intraday High: The stock peaked at $103.75 during the trading session Total Volume: 47,109,641 shares traded, according to data shared by unfolded on X. This performance positioned Circle’s debut as one of the more successful recent listings, particularly within the financial technology sector and notably, as a company deeply integrated with cryptocurrency markets. Understanding Circle as a Leading USDC Issuer Circle is not just another tech company going public; it is a foundational player in the digital currency ecosystem. The company is best known as a principal USDC issuer , operating the reserve-backed stablecoin that is pegged 1:1 with the U.S. dollar. USDC is one of the largest stablecoins by market capitalization and plays a critical role in facilitating transactions, lending, and trading within the decentralized finance (DeFi) space and across various cryptocurrency exchanges. Circle’s business model revolves around providing financial infrastructure for the internet, enabling businesses and developers to leverage stablecoins for payments, treasury management, and other financial applications. Becoming a public company allows traditional investors to gain exposure to a core component of the digital asset economy without directly holding volatile cryptocurrencies. Why is the Circle IPO a Milestone for Crypto? The successful Circle IPO represents a significant moment for the broader cryptocurrency industry. Circle is the first major stablecoin issuer to list on a prominent U.S. stock exchange. This event carries several important implications: Validation: It provides a level of legitimacy and validation for stablecoins and the companies building infrastructure around them in the eyes of traditional finance and regulatory bodies. Market Access: It opens up a new avenue for traditional investors to participate in the growth of the digital asset space through regulated public markets. Transparency: As a public company, Circle will be subject to rigorous reporting and compliance requirements, potentially increasing transparency around stablecoin operations and reserves. Precedent: A successful listing could pave the way for other cryptocurrency-native companies, including exchanges, protocols, and service providers, to explore their own public offerings. This move signifies the continued convergence of traditional financial systems and the burgeoning digital asset world. What Does Investing in Circle Stock Mean? For investors considering exposure to the digital currency sector through traditional equity markets, Circle stock offers a unique proposition. Unlike investing directly in cryptocurrencies like Bitcoin or Ethereum, buying CRCL shares means investing in the company that provides critical infrastructure for stablecoin usage and digital dollar flows. Potential Benefits for Investors: Exposure to the growth of stablecoins and digital payments. Investing in a regulated entity subject to public reporting. Potential for growth as digital finance adoption increases globally. Potential Challenges and Risks: Regulatory uncertainty surrounding stablecoins remains a significant factor. Competition in the stablecoin and digital payments market. Reliance on the broader cryptocurrency ecosystem for transaction volume and growth. Market volatility, while perhaps less direct than holding crypto, can still impact the stock price. Investors should conduct thorough due diligence and consider these factors before investing. The Future of Crypto Public Offering Circle’s successful debut on the NYSE could accelerate the trend of crypto public offering s. As the digital asset market matures and regulatory frameworks evolve, more companies operating in this space may seek to access public capital markets. This could include cryptocurrency exchanges, mining companies, blockchain technology providers, and other stablecoin projects. The increased presence of crypto-related companies on major stock exchanges provides traditional investors with more options to gain exposure to this innovative sector. It also places these companies under greater public and regulatory scrutiny, which could contribute to the overall maturation and legitimization of the industry. In conclusion, Circle’s remarkable debut on the NYSE is more than just a successful IPO; it is a landmark event for the digital asset industry. As a leading USDC issuer , Circle’s successful NYSE listing under the ticker CRCL, achieving a 168% gain on its first day, underscores the growing investor appetite for companies building essential infrastructure in the digital finance world. This Circle IPO sets a precedent and highlights the increasing integration of the cryptocurrency ecosystem with traditional financial markets, potentially paving the way for more crypto public offering s in the future and offering traditional investors a new way to participate in the digital revolution through Circle stock . To learn more about the latest cryptocurrency market trends, explore our article on key developments shaping the crypto market price action. This post Circle Stock Soars 168% on Historic NYSE Listing: A Milestone for USDC Issuer first appeared on BitcoinWorld and is written by Editorial Team
Ethereum plummets near the $2,400 mark as the Donald Trump and Elon Musk’s fallout rocks the crypto market as more major tokens get dragged down. According to data from crypto.news, the Ethereum price has dropped nearly 6% in the past 24 hours of trading. The second-largest token by market cap has been seeing red in the past few hours, dropping from a peak of $2,634 to as low as $2,408. At press time, ETH ( ETH ) is trading hands at a price of $2,456, barely recovering from the sudden price drop at about 2:00 AM UTC. The recent Ethereum price dip has led to a sharp increase in trading activity for the token, with its daily trading volume rising by nearly 64% compared to the previous day of trading. In the past week, ETH has gone down by more than 6%, and even more so in the past two weeks. In the last 24 days, the token has fallen by 7.4%. Last month the token ignited optimism among traders hoping to see ETH jump towards the $3k mark, echoing Bitcoin ( BTC )’s leap to a new all-time high . Throughout May, the token experienced a rally that catapulted ETH up to $2,731 on May 29. Apparently ETH is not the only one suffering a decline. According to data from CoinGecko, the total crypto market cap has fallen nearly 4% from $4.1 trillion on June 5 to $3.29 trillion on June 6. Similar to ETH, Bitcoin is currently down by 1.2%, trading hands at $103,438. Ethereum price chart shows a drop in the past few hours of trading, June 6, 2025 | Source: crypto.news You might also like: Why is crypto down today? Trump-Musk fallout rattles sentiment, Dogecoin drops 20% Traders believe the fall began when ex-DOGE head and X owner Elon Musk resigned from his role and criticized the President’s recent spending bill, dubbed the Big Beautiful Bill. In a move seen as retaliation, Donald Trump revoked Jared Isaacman’s NASA nomination, a close associate of Musk. According to data from DeFi Llama, Ethereum’s total value locked has also suffered from the price drop, falling by nearly 4% to $59.9 billion. Although it is still ahead of Solana ( SOL ) in terms of TVL, with Solana’s standing at only $8 billion, the ETH ecosystem has taken a harsher hit from the crypto market’s current plunge. On the other hand, Ethereum’s on-chain fees rose two-fold compared to the beginning of June. On June 6, ETH fees amounted to $2.26 million, rising more than 100% compared to $853,320 on June 1. Most recently, Ethereum co-founder Vitalik Buterin stated that while Ethereum has a stronghold in aspects like censorship resistance and security, he admitted that Bitcoin is still ahead of them in terms of other areas. He believes Bitcoin has an edge over Ethereum with regards to coding simplicity, less protocol changes, node count as well as its lesser dependency on remote procedure call services. You might also like: Vitalik Buterin admits Bitcoin’s dominance in certain areas of crypto