During the early Asian session, Bitcoin is trading around $104,800, gaining nearly 2.50% in 24 hours, despite stronger-than-expected U.S. job data tempering rate cut hopes. The U.S. added 139,000 jobs in May, beating the forecast of 125,000, which suggests the economy remains resilient and gives the Federal Reserve less reason to ease monetary policy. Despite that, former President Donald Trump continued his push for looser policy. Shifting focus from Elon Musk to Fed Chair Jerome Powell, Trump called for a full 1% rate cut , which he claimed would act as “rocket fuel” for the economy. The Fed, however, is unlikely to act before September. BREAKING: Trump Demands Immediate 1% Rate Cut from Fed "Despite the obstruction by Powell, our country is doing great. Just cut the rate by one percentage point — rocket fuel!" The crypto market isn’t pricing in a rate cut — But if it comes this month, BTC could explode past… pic.twitter.com/8xY6SpKxZC — Crypto Decode (@TheCryptoDecode) June 6, 2025 Altcoins had mixed reactions: Ethereum dropped 5.5% Dogecoin fell 6.4% XRP and Solana saw milder declines For Bitcoin, some traders warn of a “liquidity trap” with heavy long positions between $99,000 and $102,000, which could trigger a sharp pullback if bulls don’t follow through. Strong jobs report lifts markets, but Trump-Musk drama still simmers… —The economy added 139K jobs in May, beating forecasts. —Bitcoin popped above $105K before retreating slightly. —Trump vs. Musk beef rocked Tesla yesterday (14% decline), but the stock is now up 5%. Will… — Bitcoin.com News (@BTCTN) June 6, 2025 Metaplanet Doubles Down on Bitcoin Strategy Japan’s Metaplanet, dubbed the nation’s “Bitcoin strategy arm”, has updated its roadmap, setting a new goal to hold 100,000 BTC by the end of 2026. That’s a dramatic leap from its original 21,000 BTC target. To fund the expansion, the firm will issue up to 555 million new shares, raising $5.4 billion , according to CEO Simon Gerovich. JAPANESE MICROSTRATEGY RAISING $5.4 BILLION TO BUY $BTC Metaplanet have stated they want to own 210,000 Bitcoin by 2027. That’s 1% of Bitcoin’s maximum supply. They currently hold 8,888 BTC ($932M) pic.twitter.com/pb43vGOvkb — Arkham (@arkham) June 6, 2025 Gerovich believes that rising global uncertainty is prompting investors to shift away from bonds and toward inflation-resistant assets, such as gold and Bitcoin. The company’s stretch goal? Holding 210,000 BTC by 2027, equivalent to 1% of Bitcoin’s total supply. Such long-term commitment could significantly tighten supply and increase institutional FOMO, fueling upward pressure on BTC prices. Bitcoin Chart Eyes Breakout; Institutions Show Up Bitcoin’s recent bounce from $100,519 has formed higher lows and is now approaching a key descending trendline. BTC sits just above the 50-period EMA on the 2-hour chart, with the MACD showing a bullish crossover, a sign that momentum is building. Bitcoin Price Chart – Source: Tradingview The key resistance range lies between $105,000 and $106,300, where horizontal resistance intersects with the trendline. Bitcoin price prediction may turn bullish upon a breakout above this level; the next upside target is $107,600. Meanwhile, MicroStrategy founder Michael Saylor has also returned to the buying table. His firm is launching a $1 billion stock offering to expand its Bitcoin holdings, following an initial raise of four times its target of $250 million. With BTC near $104K, that capital could translate to nearly 9,600 BTC. Trade Idea: Entry: Above $105,200 Target: $106,750–$107,600 Stop-Loss: $103,900 Confirmation: Watch for bullish engulfing candles or a break of the trendline If this level gives way, it could mark the start of Bitcoin’s next leg higher, powered not just by hype, but by institutions and nations placing large bets. Bitcoin Hyper Presale Hits $552K—Layer 2 Just Got a Meme-Sized Upgrade Bitcoin Hyper ($HYPER) is taking off as the first Bitcoin-native Layer 2, combining speed, scalability, and meme culture. Built to fix Bitcoin’s most significant flaws—slow transactions and high fees—it leverages the Solana Virtual Machine (SVM) to bring fast, low-cost smart contracts to the BTC ecosystem. With over $552,000 already raised, early adopters are betting big on its blend of tech innovation and meme appeal. Core Features That Set It Apart What makes Bitcoin Hyper different? It’s the only Bitcoin-based Layer 2 that combines the speed of SVM with the security of BTC’s base layer. The Canonical Bridge allows seamless BTC transfers, while low-cost gas fees and high-speed execution empower dApps, meme coins, payments, and more. Audited by Consult, it’s built for speed, trust, and scale. Staking Rewards and Utility $HYPER isn’t just a token; it powers the ecosystem. Users can stake it for high APY rewards post-launch, use it for gas fees, and access premium decentralized applications (dApps). Plus, active holders can earn bonuses via governance and early adoption initiatives. That’s real utility in a meme-capable package. Presale Now Live—Don’t Miss the Price Jump The public presale is now live, with 1 $HYPER priced at $0.011775. Over 90% of the funding goal has already been raised. Early buyers lock in the price at this stage before the next tier is introduced. Buy with crypto or card, no wallet? No problem. Web3Payments is integrated for a seamless checkout e The post Bitcoin Price Prediction: Can Strong Demand Push BTC Beyond $107K This Week? appeared first on Cryptonews .
According to recent data from Coinglass, the cryptocurrency market has experienced significant shifts in spot net flows over the past 24 hours. USDT led the inflows with a substantial $96.24
World Liberty Financial’s recent announcement to acquire a significant stake in the $TRUMP memecoin has sparked renewed attention in the crypto market, underscoring the influence of celebrity-backed tokens. The initial
HodlX Guest Post Submit Your Post DAOs (decentralized autonomous organizations) have been gaining momentum as a new way for communities, projects and even businesses to organize themselves on the blockchain. Unlike traditional organizations where decisions come from a centralized leader or board, DAOs allow members to participate directly in decision-making through voting. This makes the whole process more transparent, democratic and community-driven. However, simply having a voting system is not enough for DAOs to thrive. They need efficient ways to manage their finances and keep their members actively engaged. This is where DeFi (decentralized finance) plays a vital role. DeFi provides automated financial tools that help DAOs manage their funds and incentivize participation, enabling them to operate more effectively and grow sustainably. In this article, we’ll explore how DeFi supports DAOs today, the challenges they face and the exciting innovations that lie ahead. What is a DAO really At its essence, a DAO is an organization that’s governed by rules encoded as software on a blockchain. Token holders get voting rights and help shape the organization’s direction, whether that’s deciding how money is spent, what projects to fund or what upgrades to make. This system replaces trust in individuals with trust in transparent, auditable code, making it ideal for communities that span the globe and want a fair voice in governance. Why managing the treasury well is crucial The treasury is essentially the DAO’s bank account. It funds everything from development to community rewards, so managing it wisely is critical. Poor treasury management can stall projects or erode trust. Traditionally, organizations rely on manual processes and trust individuals to handle funds, which can be slow and risky. DeFi changes this by automating many financial operations. DAOs can deposit funds into DeFi protocols to earn yield through lending, liquidity provision or staking. Spending decisions can be automatically executed by smart contracts once approved by a vote, speeding up processes and reducing human error. Since transactions are recorded on the blockchain, members can track exactly how funds move, improving transparency. How tokenomics encourages participation One of the biggest challenges DAOs face is low voter turnout. Without enough active voices, decisions risk not reflecting the broader community. DeFi offers creative tokenomics tools to boost engagement. Governance tokens – Holders get voting rights and may earn rewards like staking yields or protocol fees. Bonding – Some DAOs use bonding, where members lock up assets to buy discounted tokens that vest over time. This encourages long-term involvement and liquidity for the treasury. Gasless and off-chain voting – Platforms like Snapshot allow members to vote without paying blockchain fees, lowering barriers. Reputation systems – DAOs can reward meaningful participation with reputation points or badges, giving more weight to experienced members. Transparency and security are key Trust is the foundation of any DAO. DeFi enhances trust by making every governance vote and treasury transaction publicly visible on the blockchain. However, DeFi carries risks, including smart contract bugs and hacks. To protect themselves, DAOs adopt several measures. Decentralized insurance platforms like Nexus Mutual provide coverage against smart contract failures. Regular third-party security audits help identify vulnerabilities. Decentralized oracles such as Chainlink supply reliable data feeds, crucial for governance and treasury operations. Expanding horizons with cross-chain DAOs While Ethereum remains the main hub for DAOs and DeFi, other blockchains have grown in popularity. Some DAOs now operate across multiple blockchains using interoperability solutions like Polkadot and Cosmos. This offers advantages such as the following. Diversifying treasury assets to reduce risk. Including members from various blockchain communities. Increasing resilience by not relying on a single network. Layer-two solutions make governance affordable High gas fees on Ethereum once made it expensive for small holders to vote or participate. Layer-two solutions, such as Polygon, Arbitrum and Optimism, solve this by offering faster, cheaper transactions. Examples of DeFi-enabled DAOs Uniswap DAO – Uses UNI tokens for governance. Their treasury invests in DeFi yield strategies to fund ecosystem growth. MakerDAO – Manages the DAI stablecoin with MKR holders voting on risk parameters. Automated liquidations keep the system stable. Aave DAO – Governs a lending platform. AAVE token holders vote on upgrades and risk management. The treasury supports grants and incentives. These real-world examples show how DeFi protocols enable decentralized governance at scale. Challenges to overcome Despite progress, DAOs face several challenges. Low participation can lead to less representative decisions. Smart contract bugs carry risks. Legal frameworks around DAOs remain uncertain. Addressing these will be crucial for the ecosystem’s growth. DAOs and their social impact DAOs are changing how communities come together beyond finance. Pooling funds transparently for charities and public goods. Running media platforms owned and governed by users. Funding scientific research with decentralized grants. These social uses highlight DAOs’ potential far beyond money. What the future holds – AI and DeFi Looking ahead, AI could help DAOs do the following. Predict market trends for better treasury management. Suggest governance proposals based on data. Gauge community sentiment to boost engagement. Together with DeFi, AI can make DAOs smarter and more responsive. Conclusion DeFi is more than just financial tools – it’s reshaping how groups organize, govern and collaborate. By automating money management, rewarding participation and increasing transparency, DeFi strengthens DAOs and helps them grow. With advances in cross-chain tech, layer-two scaling and AI on the horizon, DAOs are poised for even greater impact. For anyone curious about the future of organizations, understanding DeFi-powered DAOs is a must. Anuj Khurana is the vice president of technology at Oodles Blockchain , specializing in blockchain adoption, decentralized innovation and strategic growth. He focuses on scaling Web 3.0 solutions and building high-impact client ecosystems. Check Latest Headlines on HodlX Follow Us on Twitter Facebook Telegram Check out the Latest Industry Announcements Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post How DeFi Is Powering the Future of DAOs appeared first on The Daily Hodl .
Leading ETF issuers have petitioned the U.S. Securities and Exchange Commission (SEC) to reinstate the “first-file” principle for Bitcoin ETF approvals, aiming to restore fairness and predictability in crypto regulation.
In a lucrative initial public offering (IPO) on the New York Stock Exchange on Thursday and Friday, Circle Internet Group stock soared, with the stablecoin issuer seeing a sizable investment from Japan’s financial services giant, SBI Holdings. Tokyo-based mega-business SBI Holdings has reportedly invested $50 million in Circle Internet Group’s stock, via its launch Thursday on the New York Stock Exchange. SBI and Circle already enjoy an active partnership , and the Japanese financial services company is looking to expand the use of Circle’s dollar-pegged stablecoin, USDC. The stablecoin launched on the SBI VC Trade platform in March. CRCL shares surged after their IPO launch on the NYSE Thursday. Chart: Trading View. Bullish on the future of the stablecoin, SBI previously stated : “Through the handling of USDC, we will provide customers with access to digital US dollars and promote efficient and cost-effective electronic payment methods in line with the development of the digital economy.”Shares of CRCL more than doubled across June 5 and 6, with trading starting at around $60/share and tapping $120 on Friday. SBI’s grab is said to consist of about 5% of the 34,000,000 Class A common stock shares offered up.SBI is also notably involved with XRP and Ripple, the extremely popular market-cap leading digital currency, and its issuer, and has backed Solana NFT (non-fungible token) initiatives in Japan. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
According to CoinGecko data on June 7th, Upbit’s trading volume surged to an impressive $1.347 billion within the last 24 hours. Notably, the MASK/KRW trading pair dominated the Korean won
Binance research highlights a powerful wave of institutional crypto adoption, fueled by SEC clarity, ETF innovation, and Circle’s IPO reshaping Wall Street’s digital asset strategy. Binance Flags Institutional Crypto Boom as ETFs Rise, Circle Lists, and SEC Clears Path Crypto exchange Binance published new research on June 6 highlighting a surge in institutional adoption of
The single most important price level for an XRP breakout confirmation is a close above $2.30. Bullish technical patterns like a Bull Flag and Double Bottom are signaling a potential rally. A recent spike in on-chain inflows suggests large investors may be accumulating XRP. A compelling new analysis from the well-known crypto analyst EGRAG CRYPTO lays out a highly bullish case for XRP, showing XRP is primed for a major breakout based on several technical patterns Using a historical metaphor, the analyst compared XRP’s current chart structure to the “Hypaspists,” elite tactical soldiers in Alexander the Great’s army, to illustrate its potential for a swift and precise upward move. #XRP — In Hypaspists Formation (Targeting $17, $21, $27) Not everyone might fully understand what I’m about to share, so listen closely. Much like Alexander the Great’s legendary formations—small, elite squads called hypaspists renowned for their agility, speed, and… pic.twitter.com/H6S2G2PWvA — EGRAG CRYPTO (@egragcrypto) June 6, 2025 While the token is currently consolidating, trading at $2.18 as of press time, the analyst believes this period of tight pri… The post If You Hold XRP, This Is the Single Most Important Price Level to Watch appeared first on Coin Edition .
ALEX, a prominent DeFi platform built on the Stacks blockchain, has suspended all operations following a significant security breach that compromised user assets. The platform is actively collaborating with major