Shiba Inu (SHIB) is poised for a potential breakout next week, hinging on a critical resistance level that could trigger significant price momentum. Meanwhile, FloppyPepe (FPPE) is gaining traction with
Former U.S. President Donald Trump publicly criticized Federal Reserve Chairman Jerome Powell’s approach to interest rate policy, urging faster rate cuts to alleviate rising debt costs. This commentary underscores the
Metaplanet, the Tokyo-listed firm now positioning itself as a Bitcoin Treasury Company, has launched a $5.4 billion equity raise to buy more BTC, continuing its plan to build one of the world’s largest corporate Bitcoin stashes. “555 Million Plan” On June 6, Metaplanet announced that it would raise $5.4 billion through the issuance of 555 million shares in moving strike warrants — Japan’s version of an at-the-market equity facility. According to the company, this marks the largest-ever issuance of stock warrants in Japan and the first time moving strike warrants have been sold at or above current share prices in the nation. “Thrilled to announce Asia’s largest-ever equity raise to buy bitcoin — again! This time: $5.4 billion to accelerate our bitcoin strategy,” Metaplanet CEO Simon Gerovich said in a Friday post on X. Thrilled to announce Asia’s largest-ever equity raise to buy Bitcoin — again! This time: $5.4 billion to accelerate our Bitcoin strategy. Our new target: 210,000 BTC by 2027. Details here: https://t.co/ahL27o9QBg pic.twitter.com/njYybVq1uu — Simon Gerovich (@gerovich) June 6, 2025 Metaplanet is allocating roughly 96% of the capital raised to buying bitcoin, with tiny amounts set for bond redemptions and income-generating strategies such as selling put options. The new shares will be sold to Cayman-based fund EVO FUND, which has backed Metaplanet’s previous financing deals. The 555 Million Plan is a follow-up to its earlier “ 21 Million Plan ” which raised $600 million earlier this year and helped the Japanese-based company to buy about 9,000 BTC. “Bitcoin is repricing the global cost of capital,” Metapanet postulated in a statement. “Through our 555 Million Plan, Metaplanet is doubling down on a high-conviction, equity-driven capital markets strategy to accelerate our bitcoin accumulation trajectory. As the most volatile listed equity in Japan, we are not scared of turbulence — we harness it.” Metaplanet’s Ambitious Goal To Amass 210,000 BTC By 2027 The new round aims to raise enough funds to bolster its holdings to over 30,000 BTC by the end of 2025 from the previous 10,000 BTC goal and 100,000 BTC by the end of 2026 from 21,000 BTC. Looking even further, Metaplanet is eyeing 210,000 BTC by the end of 2027 to join the Bitcoin 1% club — referencing holdings of 1% or more of its total 21 million supply. Metaplanet currently holds 8,888 BTC following its latest acquisition of 1,088 BTC for $117 million on June 2. It is now 10th 10th-ranked among corporate Bitcoin holders globally. The new 100,000 BTC target means it is committing to buy at least 91,112 BTC over the next 18 months.
Crypto exchange Gemini is planning to go public, the company revealed in a June 6 press release. Gemini Files to Go Public According to the new press release, the New York-based crypto company has confidentially submitted a draft registration statement on Form S-1 with the United States Securities and Exchange Commission (SEC) . JUST IN: Crypto firm Gemini confidentially files for U.S. IPO. pic.twitter.com/wOW2bGAVTS — Whale Insider (@WhaleInsider) June 6, 2025 “The number of shares of Class A common stock to be offered and the price range for the proposed offering have not yet been determined,” the statement reads. “The initial public offering is expected to occur after the SEC completes its review process, subject to market and other conditions.” The decision comes just one day after Circle began trading on the New York Stock Exchange after it filed to go public in April. “We are not just building financial products. We are building the money layer of the internet,” Circle said in a June 5 statement. “To everyone who has contributed to this moment, thank you.” Editor’s note: This is a developing story. More details will be added as they are made available to the public. The post Crypto Firm Gemini Files Confidentially for IPO in the US – Here’s What We Know appeared first on Cryptonews .
Elon Musk’s public clash with President Donald Trump over various economic and policy issues has drawn attention, sparking speculation over the role of crypto as a safe haven. Now, Compound founder Robert Leshner is suggesting that the richest man in the world is just two weeks away from acquiring a staggering $100 billion worth of Bitcoin (BTC) and “tanking” the US dollar. This comes after the billionaire tech entrepreneur raised alarm against President Trump’s big, beautiful tax bill and its impact on national debt. Notably, the bill is projected to increase the fiscal deficit by 2.4 trillion over ten years. The feud escalated quickly, with Musk threatening to ground SpaceX’s Dragon spacecraft and Trump countering by claiming the government would move to cut off all federal support for Musk’s companies. Musk lashed back by linking Trump to the infamous Jeffrey Epstein’s files. The spectacular public blowup overshadowed what had been a mostly bullish trend for crypto markets in recent weeks, triggering a pullback in prices. Over the past 24 hours, Bitcoin reached $105,888 before slumping to $100,783 within a matter of hours, according to data from CoinGecko. At the time of publication, Bitcoin is holding at $103,956. Notably, Bitcoin OG Adam Back recently agreed with a post suggesting that Musk should buy 1 million in BTC to “front-run the US government and the Trump family”. Back is not hopeful that the Tesla/SpaceX boss will eventually go hard on Bitcoin, which would be “the obvious smart money move.” Though the eccentric billionaire does own Bitcoin, Back maintains that the current allocation is considerably low for his enormous net worth. That being said, someone as influential and famous as Musk taking fiscal concerns public could drive investors away from U.S. assets and into alternatives, such a Bitcoin. Moreover, it comes at a time when corporate treasury adoption of BTC and other crypto assets, including Solana and XRP , has picked up pace.
The recent decline in US recession odds to 26% has sparked renewed optimism in the Bitcoin market, signaling potential recovery ahead. Despite increased trading volumes, the crypto market remains volatile,
California has taken a pioneering step by passing AB 1052, a bill that integrates dormant cryptocurrency assets into the state’s unclaimed property laws, signaling a new era for digital asset
The Ethereum ecosystem is emerging as a potential safe haven for institutional investors amid Bitcoin’s recent volatility and ETF outflows. While Bitcoin ETFs have experienced significant outflows due to geopolitical
A solo miner just scooped up another huge Bitcoin reward by processing a block alone. According to data from Bitcoin explorer mempool, the miner bagged a big reward of 3.151 BTC after solving block 899,826 with a solo-mining setup from CKpool. At today’s Bitcoin price of $103,694 per coin, that’s a more than $326,739 payday. But just how realistic is such a feat? BTC Hash rate calculates the total computational power miners deploy on the Bitcoin network. The miner operated with a weekly hash rate of 6.11 PH/s, but boosted their compute power to as high as 261 PH/s to mine the BTC block. This, according to Con Kolivas, a software engineer and administrator of the Solo.ckpool, suggests that the solo miner likely rented additional hash rate — likely from a cloud or marketplace service — to better their odds of earning the block reward. “This hashrate was almost certainly a rental based on there being only one worker, though the account has been mining for a while with a much lower hashrate,” Kolivas posited . Bitcoin miners work to process blocks on the flagship crypto’s network. Blocks are full of transaction data and are part of the Bitcoin blockchain. Since last year’s halving event , miners now receive a 3.125 BTC fixed reward, along with the transaction fees paid by those using the payment system during that specific block window. As the network has evolved, mining operations have become harder and more energy-intensive, and therefore require more resources. Most blocks mined daily are done through massive industrial operations; warehouses full of machines operated by companies — the majority of which are publicly traded on U.S. stock exchanges. Individual Mining Wins On The Rise? Though this is the 300th block solved with CKpool and the standalone miner obviously rented extra hashpower, it’s no small accomplishment for a miner to solve a Bitcoin block alone. At Bitcoin’s total network hash rate of 796 EH/s as of June 5, the solo miner had a 0.03 % chance of success — or approximately 1 in 3,050. While rare, it’s also not the first time a similar case has occurred, although it’s rare. On March 22, a solo Bitcoin miner earned 3.157 BTC (worth $266,000 at the time) for solving block 888,737. Likewise, in February, a single miner successfully mined block 883,181 , earning a reward of 3.158 BTC (including fees), worth over $307,547 at the time. With Bitcoin mining difficulty recently hitting a new all-time high , such solo wins could become even rarer.
President Donald Trump is demanding that the Federal Reserve slash interest rates by a full percentage point, even as fresh government data shows the labor market is holding up better than expected. Following the release of May’s jobs report earlier today, Trump posted on Truth Social, writing, “Go for a full point, Rocket Fuel!” The Bureau of Labor Statistics said 139,000 jobs were added last month, beating forecasts of 125,000. The pressure on Jerome Powell , who chairs the Federal Reserve, comes as Trump insists the US economy is “doing great” but claims the Fed is holding it back. Trump wants rates brought down fast, arguing that the country is paying too much to borrow. “Borrowing costs should be MUCH LOWER!!!” he wrote . He didn’t stop there. Trump also said Powell was “costing our Country a fortune” and added that the economy was only growing “despite him.” That wasn’t new. Trump has been criticizing Powell for months, even before he took the Oval back in February. Trump attacks Powell as markets see no cuts coming The Fed is not expected to cut interest rates at its next meeting later this month. Traders currently see almost no chance of even a small cut, let alone the 100 basis points Trump is asking for. In fact, the Federal Reserve hasn’t made a cut that large in one go since March 2020, during the first wave of COVID-19. That decision was made to calm financial markets as the economy locked down. Since then, any rate changes have come in smaller steps. During the last year of Joe Biden’s presidency, the Fed cut rates by a full point — but spread out over time, not in a single decision. Trump, though, is calling for the entire point to be slashed immediately, regardless of recent job growth or wage inflation. His critics in the Fed say rate cuts now could heat inflation back up. Trump doesn’t care. He wants to cut now, and then raise later if needed. “If inflation flares up,” he wrote, “Powell could just raise rates again.” He also pointed to moves from other central banks, saying the Fed is falling behind. Just a few days ago, the European Central Bank cut its benchmark rate by 0.25%, its eighth cut since June of last year. The ECB also said this would be its final cut for 2025, citing weak growth and slower inflation. Trump used that as proof that Powell is being too cautious. He said that while Europe is reducing its borrowing costs, the Fed is stuck — and it’s hurting the US Wages climb as rate cut hopes fade Friday’s labor report also showed that average hourly earnings rose 3.9% year over year, which is higher than analysts expected. That’s part of why markets are betting against a summer rate cut. Before the report came out, traders estimated a 74% chance the Fed would cut rates in September. After the data hit, that number fell to 62%. The odds of more than two cuts before the end of 2025 dropped to just 22%. Trump’s focus wasn’t just on short-term rates either. He said lower interest would help on “debt that is coming due,” referencing both long- and short-term borrowing by the US government. He argued that cutting now would ease the burden, and if inflation comes back, Powell could always tighten again later. The strategy is simple: lower costs now, worry about inflation if it comes. Even as the economy keeps adding jobs and wages are climbing, Trump still insists the Fed is doing damage by staying put. “Too Late at the Fed is a disaster!” he wrote, recycling one of his favorite insults for Powell. Trump has made it clear that he believes Powell’s slow reaction to economic conditions is costing the US billions. While the Federal Open Market Committee remains silent for now, Trump has already started using the issue to shape the conversation ahead of their upcoming meeting. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage