Tortola, British Virgin Island, June 6th, 2025, Chainwire FUNToken launches a smart rewards bot — the first step toward building an AI agent that will reward millions across games, chats, and the open internet. FUNToken , a utility token designed to support equitable digital engagement, has launched an AI-powered Telegram bot that autonomously distributes crypto rewards to users based on the quality of their contributions. Whether through informative commentary or original memes, the bot evaluates user-generated content and provides immediate rewards, without advertising or user friction. The initiative aims to explore the integration of AI and blockchain to support user participation and content quality within decentralized communities. Behind the scenes, the system is training an AI agent — a smart, evolving engine that will one day manage rewards automatically across millions of users in games, chat platforms, and mobile apps. “We’re building an AI agent that understands what good engagement looks like — and can reward it fairly at scale,” said a FUNToken spokesperson. “The Telegram bot is our first prototype. Soon, the same AI agent will power a new kind of user experience across Web2 mobile games and beyond.” Flipping the Internet’s Incentive Model Currently, many digital applications rely on advertising or in-app purchases, often involving user data tracking and monetization. FUNToken's roadmap proposes an alternative model focused on direct, value-based user engagement. Instead of forcing ads on users, it plans to use an AI agent to reward them, simply for playing games, chatting with friends, or contributing to communities. The long-term goal: a seamless AI agent that listens, understands, and delivers real-time crypto rewards — fairly and transparently — without needing manual control. From Telegram to Games and Beyond The launch of this bot marks the beginning of a much bigger ecosystem: Web2 mobile games that replace ads with rewards An AI agent that evaluates player actions and distributes FUNToken instantly A user-first internet where value flows back to the people who create it The Telegram bot represents the initial phase of a broader strategy to integrate AI technologies with user-driven ecosystems, supported by the FUNToken infrastructure. About FUNToken FUNToken is a blockchain project on a mission to make the internet more fun and more fair. With over 90,000 holders and growing adoption in gaming and rewards ecosystems, it’s building AI-powered tools and platforms that let users earn for what they do every day. Users can learn more and try the bot at funtoken.io ContactAlex Cordbettalex@fomodigital.co Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
A recent survey by YouGov reveals a significant portion of the American public remains neutral in the ongoing dispute between former U.S. President Donald Trump and entrepreneur Elon Musk. According
A heated feud between Musk and Trump spawned KILL BIG BEAUTIFUL BILL, a memecoin that hit a market cap of over $53 million as traders piled into the hype. The feud between the two powerhouses has been simmering for weeks, but it finally boiled over after Musk publicly broke away from the Department of Government Efficiency (D.O.G.E.), the Trump-backed initiative he once led. Musk breaks with Trump over ‘Big Beautiful Bill’ Musk took to X on Tuesday to voice his frustrations, accusing Trump’s new “One Big Beautiful Bill” of reversing all the cost-cutting progress made by the department. In typical Musk fashion, he didn’t hold back, calling the legislation a “disgusting, massive, outrageous, pork-filled abomination” and warning his followers that it could ruin the country’s fiscal health. The Big Beautiful Bill , at the centre of this clash, was passed by the House last month and is touted by the Trump administration as a sweeping reform package intended to stimulate economic growth. It includes large tax breaks, boosts to military spending, and welfare cuts that Trump claims will ultimately save the nation trillions of dollars. You might also like: Why is crypto down today? Trump-Musk fallout rattles sentiment, Dogecoin drops 20% White House economists say the bill’s benefits will outweigh its costs, but the Congressional Budget Office disagrees, estimating that it could add $2.4 trillion to the national deficit over the next decade. That projection alone made Musk’s blood boil, especially since he claims DOGE had already saved $180 billion through aggressive budget reforms. For Musk, the bill effectively erased the hard-won victories of D.O.G.E., which was created right after Trump’s inauguration as a pet project to slash wasteful government spending. Musk had served as the face of the initiative, but with the new bill’s runaway spending and subsidies, Musk believes the entire mission has been undermined. Memecoins take center stage Within hours of Musk’s post slamming the bill, Pump.fun traders seized the opportunity and launched a new memecoin on Solana dubbed the KILL BIG BEAUTIFUL BILL (KBBB). Memecoin traders piled in as KBBB surged to a $53.12 million market cap in just nine hours, before cooling off with a 30% correction to around $36.73 million. A wave of Musk-themed memecoins popped up overnight on Solana-based DEXs. Some of the top performers include MUSK DOGE, X ELON, PEDO FILES, and ELON’S LAST STAND, several of which have already crossed multi-million-dollar market caps. Tokens themed around Trump, including TRUMP420 and BIG BILL 2025, have also gained traction, turning the entire feud into a full-blown memecoin arms race. Trump ends ties with Musk Things escalated further when Musk suggested that Trump had ties to Jeffrey Epstein. In a series of tweets, Musk claimed the President’s name appeared in unreleased Epstein files and implied that this connection was the real reason those documents remained sealed. Musk has also supported calls for Trump’s impeachment during his late-night posting spree. Reacting to the accusations, Trump said he was “deeply disappointed” in Musk, claiming he had “done more for that guy than anyone else.” He also suggested that Musk’s outrage was driven by the bill’s plan to phase out EV subsidies, a move that could significantly impact Tesla. Source: Truth Social Trump has since spoken of Musk in the past tense and implied their political partnership is over, signaling a clear break in their once-close alliance. The fallout has extended beyond crypto. Dogecoin ( DOGE ), Musk’s longtime favourite, fell over 9% following the clash, while Tesla dropped 15% amid concerns that Musk’s political skirmishes could distract from his business priorities. Even Trump-themed coins took a hit on Wednesday, with the President’s official meme token, Official Trump ( TRUMP ), dipping over 10%. Others, such as MAGA ( TRUMP ) and MAGA Hat ( MAGA ), also slipped by 6.4% and 5.5%, with the broader PolitiFi market seeing a 10% drop in response. Read more: Ethereum price slides lower, nearing the $2,400 mark Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Il Capo of Crypto, known as the “bear analyst” of the cryptocurrency market, shared some ideas in favor of the bear market again in his last post with his followers. Despite the recent declines, the real breakout has not yet occurred, according to the analyst, who expressed this situation by saying, “we haven’t seen anything yet.” According to il Capo, altcoins have fallen significantly from their local peaks, despite Bitcoin still being above $100,000. The analyst noted that this situation could be felt even more severely in altcoins as the BTC price drops to the first support point of $93,000 and then to the main support band of $60,000–70,000: “Imagine what could happen if it falls here.” Related News: BREAKING: Major Crack in Trump's Memecoin Alliance - Trump's Sons Send Cease-and-Desist Letter to Memecoin Company, TRUMP Price Plummets The analyst, who had been making bullish statements until recently, turned to the bearish side again, but contrary to all his claims, the BTC price broke the record for an all-time high price level again. Today, the BTC price fell below the important psychological threshold of $ 104,000. At the time of writing, the world's largest cryptocurrency is trading at a price level of $ 103,386. *This is not investment advice. Continue Reading: Experienced Analyst il Capo Shares His New Prediction About Altcoins
Bitcoin experienced a significant drop amid a surprising public dispute between US President Donald Trump and Tesla CEO Elon Musk, shaking the crypto market. This unexpected clash triggered widespread liquidations,
Bitcoin slid to fresh lows on Thursday amid a broader market pullback, triggered by an unexpected public clash between two of the most influential figures in tech and politics. A public fallout between US President Donald Trump and Tesla CEO Elon Musk was not on many’s bingo cards for the year, and the unexpected spat quickly sent shockwaves through the markets. Following a series of public exchanges over political disputes, the crypto market took a hit, leading to sharp declines across multiple assets. According to crypto.news data, market giant Bitcoin (BTC), which had held relatively steady throughout the week, dropped sharply to a new low of $100,501. The pullback marks an approximate 6% slip below this week’s high point of $106,000, negating the anticipation for the token to maintain an upward trend. Bitcoin price chart | Source: crypto.news While BTC has since recovered slightly to trade at $103,376 at press time, the abrupt price decline shook the market up, with approximately $308 million in long positions liquidated within hours, according to CoinGlass data . This contributed to a broader sharp decline across the market. Over the past 24 hours, around 227,300 traders saw their positions wiped out, with total liquidations reaching $983 million. Out of this number, longs accounted for the majority at $892 million. Crypto exchange Bybit accounted for a large portion of the liquidations at $354 million, followed closely by Binance. You might also like: Why is crypto down today? Trump-Musk fallout rattles sentiment, Dogecoin drops 20% Other major altcoins fell even deeper in the downturn. Ethereum (ETH) , Solana (SOL) , and Cardano (ADA) were some of the day’s biggest losers, shedding roughly 7%, 8%, and 10%, respectively. The memecoin sector was not spared. Dogecoin (DOGE) plunged 20%, while Bonk (BONK) and Dogwifhat (WIF) dropped 13% and 11%, among others. While many assets have edged up alongside Bitcoin in a modest rebound, overall market sentiment remains shaken. The Cryptocurrency Fear & Greed Index has shifted from ‘Greed’ to ‘Fear’ territory, showing that investors are growing cautious. Read more: Trump wallet saga escalates as family pursues legal action
Japanese Bitcoin Treasury firm Metaplanet aims to own at least 210,000 BTC in the next two years, a meteoric leap from its current 8,888 BTC holdings. In a recent post published on June 6, the Japanese investment firm unveiled its latest plan to acquire more BTC ( BTC ) for its Saylor -inspired Bitcoin strategy. Now, the Tokyo-based company is aiming to accumulate at least 210,000 BTC by 2027 and to raise its yearly target for 2026 from just 21,000 BTC to 100,000 BTC. According to the company’s slide deck for its “2025-2027 Bitcoin plan,” it plans to purchase even more Bitcoin than it previously had before. By the end of 2025, it plans to boost its holdings by over two-fold from 8,888 BTC to 30,000 BTC. To achieve this goal, the company declared that it would issue 555 million shares in a move designed to raise enough capital to buy more Bitcoin. However, the firm has also noted that the projected targets are still subject to change depending on market conditions. At press time, Metaplanet’s Bitcoin holdings sit at 8,888 BTC or equal to more than $921.4 million. It recently spent $117.7 million of its corporate funds to buy 1,088 BTC at an average price of $108,209 on June 2. Metaplanet’s projected target for Bitcoin accumulation, June 6, 2025 | Source: Metaplanet You might also like: Metaplanet adds 1,088 BTC to Bitcoin holdings, boosting the total to 8,888 BTC If Metaplanet intends to purchase enough Bitcoin to reach 30,000 BTC by the end of 2025, then the firm will need to purchase an additional 21,112 BTC within the next six months. This means that the firm would need to invest another $2.18 billion of its corporate funds to reach the 30,000 BTC goal. If the firm does manage to own 210,000 BTC by the time 2027 rolls around, then it would own 1% out of the total existing Bitcoin supply in the world. For context, the largest corporate Bitcoin holder is Michael Saylor’s Strategy has a total of 580,250 BTC in its current holdings , owning around 2.7% of the total Bitcoin supply. Many investors have even started calling Metaplanet “Asian Strategy” as it was one of the first companies in the region to start following Strategy’s Bitcoin treasury plan. Metaplanet started acquiring BTC back in May 2024 in an attempt to combat the weakening yen and other economic challenges plaguing Japan at the time. You might also like: Metaplanet breaks personal record with $50m bond issuance to buy more BTC
BitcoinWorld Massive 200 Million USDT Transfer from MEXC Sparks Mystery A significant event has just rippled through the cryptocurrency world, catching the eye of market observers and sparking immediate speculation. According to blockchain tracking service Whale Alert, a staggering 200,000,000 USDT transfer has originated from the cryptocurrency exchange MEXC, destined for an unknown wallet. This movement, valued at approximately $200 million, represents a substantial sum in the crypto ecosystem and raises questions about the identity of the recipient and the motive behind such a large transaction. What Exactly Happened with This Large USDT Transfer? The core of the news is straightforward: a substantial amount of Tether (USDT), the largest stablecoin by market capitalization, was moved from a known address associated with the MEXC exchange. Blockchain data confirms the USDT transfer , and Whale Alert, a service specifically designed to monitor large transactions on various blockchains, flagged this particular movement due to its immense size. While the origin is identified as MEXC, the destination is simply labeled as an ‘unknown wallet’ on the blockchain, meaning it’s an address not publicly attributed to a known entity like another exchange, a major custodian, or a specific institutional fund. Here are the key details confirmed by the report: Asset Transferred: 200,000,000 USDT Origin: MEXC Exchange Destination: Unknown Wallet Address Approximate Value: $200 million Reported By: Whale Alert Movements of this magnitude are always noteworthy because they can potentially signal upcoming market activity or significant shifts in large holders’ positions. Why Does a 200 Million USDT Transfer from MEXC Matter? Understanding the significance requires a quick look at the players involved. MEXC is a prominent centralized cryptocurrency exchange known for its wide range of altcoins and derivatives trading. As an exchange, it holds significant reserves on behalf of its users and facilitates large volumes of transactions daily. USDT , being a stablecoin pegged to the US dollar, is primarily used by traders to move value quickly between exchanges, lock in profits, or prepare to buy other cryptocurrencies without converting back to fiat currency. A large movement of USDT often suggests an intent to trade or deploy capital within the crypto market. When Whale Alert reports such a transaction, it highlights the activity of what are often referred to as ‘crypto whales’ – entities or individuals holding and moving vast amounts of cryptocurrency. These large players can potentially influence market dynamics simply by the scale of their trades. A $200 million transfer is certainly the activity of a crypto whale . The transfer originating from an exchange like MEXC could represent several scenarios, from a large user withdrawal to internal transfers for operational purposes. The mystery surrounding the ‘unknown wallet’ destination is what fuels much of the speculation. Who Owns the ‘Unknown Wallet’ and Why the Large Crypto Transaction? The term ‘unknown wallet’ is broad and could belong to various types of entities. Pinpointing the exact owner without further on-chain analysis or public statements is challenging. However, based on the size of the large crypto transaction , potential recipients could include: Another Cryptocurrency Exchange: The funds might be moving to a different platform for arbitrage opportunities, increased liquidity on that exchange, or to prepare for trading pairs available elsewhere. An Institutional Investor or Fund: Large firms entering or rebalancing positions often move significant amounts of stablecoins to prepare for large-scale purchases of Bitcoin, Ethereum, or other assets. An Over-the-Counter (OTC) Trading Desk: OTC desks facilitate large trades directly between parties without impacting public exchange order books. A large USDT deposit could be in preparation for a significant buy order executed off-exchange. A Custodial Service: Funds might be moving to a third-party custodian for secure storage on behalf of a client. Internal MEXC Wallets: While less likely to be flagged as ‘unknown’ if they are standard operational wallets, sometimes funds are moved between different types of internal cold or hot storage. A Very Large Individual Trader: Though less common for such a precise, round number originating *from* an exchange, a high-net-worth individual preparing for significant market activity is also a possibility. Determining the exact reason for the large crypto transaction is equally speculative. Here are some common reasons for such significant stablecoin movements: Potential Reason Explanation Arbitrage Moving funds to an exchange where an asset is trading at a slightly lower price to buy and sell elsewhere for profit. Preparing to Buy Positioning stablecoins on an exchange or with an OTC desk to execute a large purchase of volatile crypto assets. Preparing to Sell Moving stablecoins (perhaps received from a large OTC sale) off an exchange, though less common to *send* stablecoins *to* an unknown wallet if the goal is to offramp to fiat. Internal Treasury Management Exchange moving funds for liquidity management, security, or consolidating wallets. Funding a Specific Venture Capital being deployed for investments, operations, or other business purposes within the crypto space. How Do Large Transfers Like This Impact Market Sentiment? While a single USDT transfer doesn’t dictate market direction, large movements reported by services like Whale Alert are closely watched indicators. A significant inflow of stablecoins onto exchanges is often interpreted as potential buying pressure, as traders deposit stablecoins to acquire other cryptocurrencies. Conversely, large outflows could signal that whales are moving funds off exchanges, perhaps into cold storage or to OTC desks for large sales, potentially indicating a decrease in immediate selling pressure or preparation for off-exchange activity. This specific transfer is an *outflow* from MEXC. Moving $200 million in USDT *off* an exchange to an unknown wallet could suggest the recipient is preparing to use these funds elsewhere – either on a different platform, through an OTC deal, or simply securing them off the exchange. The lack of a known destination makes definitive conclusions difficult, but the sheer size means it’s a data point that analysts will factor into their assessment of market activity. Tracking Crypto Whales: Benefits and Challenges The ability to track large movements via services like Whale Alert offers significant benefits to market participants. It provides transparency into the flow of large amounts of capital within the blockchain ecosystem, which is unparalleled in traditional finance. This transparency allows for informed speculation about potential market moves and helps paint a picture of where large players are positioning themselves. However, there are challenges. As seen with this MEXC transfer, the destination wallet is often ‘unknown’. While we can see the movement, we cannot always identify the entity behind the wallet. This limits the analysis to potential scenarios rather than confirmed actions. Furthermore, not all large movements directly precede market volatility; sometimes they are internal transfers or strategic moves with long-term goals. Actionable Insight: Keep an eye on subsequent transactions from the destination wallet. If the funds are moved onto another known exchange or split into smaller transactions, it could provide more clues about the whale’s intentions. Concluding Thoughts on the Mystery Transfer The 200,000,000 USDT transfer from MEXC to an unknown wallet, flagged by Whale Alert , is a potent reminder of the significant capital operating within the cryptocurrency markets. While the exact purpose and recipient remain a mystery, the movement of such a large sum is undoubtedly the action of a crypto whale preparing for significant activity. Whether this precedes a large buy, a strategic allocation, or something else entirely, monitoring these substantial flows provides valuable, albeit sometimes ambiguous, insights into the potential undercurrents shaping the market. It underscores the importance of on-chain data in trying to understand the opaque world of large-scale cryptocurrency movements. To learn more about the latest crypto market trends, explore our article on key developments shaping cryptocurrency price action. This post Massive 200 Million USDT Transfer from MEXC Sparks Mystery first appeared on BitcoinWorld and is written by Editorial Team
The post Pi Coin Crashes 5% Amid Security Concerns, Is Dip to $0.40 Next? appeared first on Coinpedia Fintech News Pi Coin is currently trading at $0.6149, down 5% in the last 24 hours. It has dropped 62% from its 2025 high and is down 80% from its all-time peak. Every day, millions of new Pi tokens are being unlocked, which is having a negative effect on price. Pi Coin Struggles Below Key Averages Currently, it is sitting below all major moving averages, including the 10-day EMA at $0.6612 and the 50-day EMA at $0.7729. This indicates ongoing bearish momentum. Oscillators are mostly neutral, with a few showing early bullish signs. The key resistance lies at $0.66, and a break above this could hint at short-term recovery. However, if selling pressure continues, Pi could drop to the critical support level near $0.57. Overall, the price is consolidating under pressure and needs stronger buying volume to shift its direction. Pi Coin To Face Short-Term Dip? In May, Pi tried to reach $1 but was pushed back and dropped 11%. CoinCodex forecasts a short-term dip for Pi Coin, expecting the price to drop to around $0.49 within a month and hover near $0.50 over the next three months. However, CoinDCX suggests a close between $0.68 and $0.74 for June as volatility rises and buying interest returns. In July, Pi is expected to stay mostly flat between $1.20 and $1.50, with some price swings picking up late in the month. It could climb close to $1.50 and finish July between $1.50 and $1.80. Will Pi Drop to $0.40? Dr Altcoin recently shared that the PCT may be using AI to handle KYC tasks now, which could be the reason why some Pioneers aren’t getting KYC requests anymore. The Pi community is waiting for a big Pi Day 2 announcement on June 28. Without the news, he expects Pi to drop further and hit a low near $0.40 by August. But once the token unlocking slows after August, the selling pressure could ease and the price may rebound. Remember to only use the Pi Wallet in the Pi Browser at exactly " https://t.co/OEifsSaA3K ” in order to safeguard your Pi. Learn more: https://t.co/WFHv43Kny7 The authentic Pi Wallet is visually identified by a purple color in the navigation bar of the Pi Browser with a Pi logo… — Pi Network (@PiCoreTeam) June 5, 2025 The Pi Core Team has recently issued a safety reminder for all users. They stressed that the wallet passphrase is private and also made it clear that they will never ask for passphrase, password, or verification code. Users are advised to only use official apps listed in the Pi Safety Center and avoid any unofficial platforms. Users are recommended to only use the official Pi Wallet at wallet.pinet.com inside the Pi Browser. Besides, scammers cannot fake the official app URL or the unique look of the real wallet.
XRP is once again testing the lower Bollinger Band, signaling a critical juncture in its price movement that traders and investors should closely monitor. This second touch within two weeks