Bitcoin advocates are urging Tesla CEO Elon Musk to fully embrace Bitcoin amid his escalating public feud with former President Donald Trump, highlighting the strategic advantage of adopting cryptocurrency. Industry
Ethereum ETFs have demonstrated notable resilience amid recent market volatility, outperforming Bitcoin ETFs and signaling strong institutional interest in ETH. Despite a short-term price dip, ETH’s underlying metrics suggest a
JAN3 founder Samson Mow says Elon Musk should go all in on Bitcoin before “they freeze his fiat assets.”
ETH traders have been cautious lately, hedging heavily into the weekend.
The cryptocurrency market experienced a significant liquidation event on June 6-7, 2025, impacting major assets such as Bitcoin and Ethereum amid heightened volatility. This market turbulence was primarily driven by
Bitcoin’s price tumbled below $100,500 yesterday, but the bulls managed to defend that level, not allowing a price slip into five-digit territory. Many altcoins have posted impressive gains over the past 24 hours following yesterday’s correction, led by a substantial pump from SUI. BTC Recovered $5K The business week started on the right foot for BTC, which jumped to $106,500 on a couple of occasions on Monday and Tuesday. However, it saw little success there, and the subsequent rejections pushed it south by about two grand. It jumped once again on Thursday after the ECB cut the interest rates to 2%, but was halted at $106,000. The online spat saga that transpired between the former allies, Elon Musk and Donald Trump, further intensified the sell-off and BTC dumped hard to $100,400 (on Bitstamp). The bulls finally stepped up at this point and prevented another decline. Just the opposite, bitcoin started to recover and jumped to $105,500 in midday trading on Friday. It couldn’t continue upward and now sits below $105,000, but it’s still 2% up on the day. Its market cap has recovered to $2.080 trillion, while its dominance over the alts stands tall at 61.5% on CG. BTCUSD. Source: TradingView SUI Bounces Hard Most altcoins tumbled on Friday but have posted impressive gains on a daily scale. Still, Ethereum continues to struggle below $2,500 following a minor jump. RP has recovered to $2.17 after a 2% increase, and similar gains are evident from BNB, SOL, DOGE, and ADA. SUI has emerged as today’s top performer, having surged by almost 9%. It now trades above $3.25. In contrast, HYPE has marked a slight decline of around 2% and is below $34 as of press time. The total crypto market cap has added over $50 billion since yesterday’s low. Consequently, the metric is now north of $3.380 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto The post SUI Jumps by 9% Daily, BTC Price Recovers $5K (Weekend Watch) appeared first on CryptoPotato .
Singapore’s Monetary Authority (MAS) has introduced stringent licensing requirements for Digital Token Service Providers (DTSPs) serving overseas clients, signaling a major regulatory shift in the crypto landscape. The new framework
Maple Finance has expanded its syrupUSDC stablecoin offering to the Solana blockchain, marking a significant development in institutional DeFi participation and cross-chain liquidity solutions. This strategic move is supported by
Trump Media & Technology Group (TMTG) is planning to raise billions of dollars via a securities offering. Although the firm has not clarified its reason for the fundraising, the company’s actions in the last few weeks raise speculation as to whether a part of the fund will be geared toward more bitcoin (BTC) acquisitions. According to the filing , TMTG intends to raise up to $12 billion by offering its common stock, preferred stock, debt securities, warrants, rights, or units to investors. TMTG to Raise $12B The terms of the offering will be provided in prospectus supplements filed with time. For now, TMTG has clarified that it intends to sell 84.6 million shares of its common stock at a value of $0.0001 each. TMTG will sell 55.8 million shares to institutional investors in a private placement at $25.72 per share for an aggregate amount of approximately $1.44 billion. The company will also offer 28.8 million shares issuable upon conversion of its 0.00% convertible senior notes due 2028 for an aggregate amount of $1 billion. The company noted that it has the flexibility to sell the shares at varying prices through different channels, including underwriters, dealers, and agents. “We provide more information about how we and the Selling Securityholders may sell the securities in the section entitled ‘Plan of Distribution.’ We will receive proceeds from the issuance and sale of our common stock, preferred stock, debt securities, warrants, rights, or units. We will not receive any proceeds from the sale of Shares by the Selling Securityholders pursuant to this prospectus,” the firm stated in the prospectus. The $2.5B BTC Purchase Earlier last week, TMTG reportedly disclosed that it was raising $3 billion to buy BTC. About 24 hours later, news emerged that the company had raised approximately $2.5 billion to implement its BTC acquisition plan. The firm raised the funds by selling $1.5 billion in stock and $1 billion in convertible notes priced at a 35% premium. TMTG holds the BTC on its balance sheet, while digital asset platforms Crypto.com and Anchorage Digital provide custody for the assets. TMTG’s latest BTC purchase and the intensifying wave of Bitcoin adoption in the corporate sector are fueling speculation that the $12 billion raised will be targeted at more BTC acquisitions. It remains to be seen whether this plays out as speculated. The post Trump Media to Raise $12B Via Securities Offering – More BTC Purchases Incoming? appeared first on CryptoPotato .
Central banks are turbocharging their gold reserves in 2025 as global distrust in U.S. fiscal stability and dollar assets explodes. De-Dollarization Fuels Fourth Year of Massive Gold Buying by Central Banks Amid escalating global tensions and a concerted move away from U.S. dollar reliance, central banks are increasingly turning to gold as a strategic reserve