The recent public feud between Elon Musk and Donald Trump has triggered significant turmoil in the crypto market, resulting in nearly $1 billion in liquidations amid heightened volatility. This clash
According to LookIntoChain data reported by COINOTAG News on June 7th, WLFI advisor Ogle (@cryptogle) recently liquidated his short position on the TRUMP token, incurring a loss of $188,000. Subsequently,
A recent reality show featuring prominent Twitch streamers concluded with Bitcoin as the grand prize, showcasing the growing synergy between digital entertainment and cryptocurrency. This innovative event highlights how cryptocurrencies
Key takeaways: By the end of 2025, OP is expected to have a minimum and maximum price of about $0.554 and $2.04, respectively. Optimism price prediction for 2028 suggests the token could reach a maximum value of $12.59. In 2031, OP tokens will range between $34.29 and $39.7, with an average value of $35.49. Optimism’s (OP) commitment to innovation is highlighted by its support for Layer-3 solutions. These solutions enable the development of decentralized applications (dApps) on top of Layer-2 chains, contributing to the expansive Optimism Superchain. The platform’s initiatives, including introducing custom gas tokens and Plasma mode aimed at reducing onboarding and operational costs, make it more accessible for new users and developers. As the market closely watches the price movements and growth trajectory of the token, can Optimism reach $10 soon? Let’s get into the OP price prediction for 2025 – 2031. Overview Cryptocurrency Optimism Token OP Price $0.595 Market Cap $1.02B Trading Volume $164.14M Circulating Supply 1.71B OP All-time High $4.85 (Mar 06, 2024) All-time Low $0.4005 (Jun 18, 2022) 24-hour High $0.6141 24-hour Low $0.5872 Optimism price prediction: Technical analysis Metric Value Volatility 9.88% 50-Day SMA $0.7486 Sentiment Bearish Fear & Greed Index 45 (Fear) Green Days 14/30 (47%) 200-Day SMA $1.1629 Optimism price analysis TL;DR Breakdown: OP/USDT sees small gains but remains bearish. Support at $0.562 is critical. Optimism 1-day price chart: OP remains bearish despite a slight uptick The OP/USDT price analysis for June 7 shows a minimal uptick on the day, although the coin is hovering just above the lower Bollinger Band at $0.562. The MACD remains deeply bearish, with no crossover in sight, reflecting sustained downward momentum and the possibility of a break below the next support. OP remains bearish despite a slight uptick Likewise, the On-Balance Volume (OBV) is flat. If support at $0.562 breaks, further downside is likely. A recovery above the middle Bollinger Band ($0.695) would be needed to suggest a bullish shift. Optimism 4-hour price chart: OP is trading in a tight sideways range The 4-hour chart shows the price trading in a tight sideways range between support at $0.585 and resistance near $0.608. The price remains below the Alligator lines, signaling a persistent bearish trend with no breakout yet. OP is trading in a tight sideways range The Balance of Power, however, reflects a modest shift in control toward buyers, but not aggressively. A breakout above $0.608 could open short-term upside potential, while a breakdown below $0.585 may trigger fresh lows. Optimism technical indicators: Levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $0.6390 SELL SMA 5 $0.6765 SELL SMA 10 $0.6979 SELL SMA 21 $0.7346 SELL SMA 50 $0.7486 SELL SMA 100 $0.8025 SELL SMA 200 $1.1629 SELL Daily exponential moving average (EMA) Period Value Action EMA 3 $0.7100 SELL EMA 5 $0.7113 SELL EMA 10 $0.7122 SELL EMA 21 $0.7461 SELL EMA 50 $0.8797 SELL EMA 100 $1.1091 SELL EMA 200 $1.3934 SELL What to expect from Optimism? Optimism is in consolidation. If it breaks above $0.608, a short-term move toward $0.626–0.64 is possible. But if it loses $0.585, the next key support lies around $0.562. For now, a breakout confirmation is needed. Momentum remains weak but slightly improving. Is Optimism a good crypto investment? Optimism (OP) could be a good investment if you believe in Ethereum scaling and the growth of Layer 2 solutions. However, like all crypto, it’s risky, and its value depends on adoption and market trends. Only invest what you’re willing to lose! Will OP recover? A recovery is possible, but we fear the overall bearish sentiment makes a short-term rebound unlikely. However, as the market consolidates, we expect reduced volatility, which may lead to a breakout in either direction, depending on market dynamics. Will Optimism reach $10? Yes, Optimism is projected to close up to $10 by 2028. Will OP reach $50? Reaching $50 for Optimism (OP) would be an ambitious target, requiring a significant increase in its price. This level would likely only be achievable in a highly favorable market environment, with substantial advancements in Ethereum adoption, widespread use of Layer 2 solutions, and strong overall market growth. Will OP reach $100? Reaching $100 for Optimism (OP) would be extremely ambitious and require unprecedented growth and adoption. Does Optimism have a good long-term future? Yes, Optimism shows strong potential for growth and sustained interest, indicating a positive long-term outlook. Recent news/opinion on Optimism Spark and Optimism launch sUSDC and sUSDS to power yield-bearing stablecoins across the Superchain . Spark has officially expanded to @Optimism and @unichain . With the deployment of sUSDS & sUSDC, bringing stablecoin yields to both networks. And laying the foundation for native interoperability across Ethereum with the Superchain. Here's why it matters 👇 pic.twitter.com/nqmiXskRQG — Spark (@sparkdotfi) June 3, 2025 Optimism price prediction June 2025 Optimism’s price prediction for June 2025 suggests a potential low of $0.5747, an average of $0.6430, and a high of $0.7725. Optimism price prediction Potential Low Potential Average Potential High Optimism price prediction June 2025 $0.5813 $0.6430 $0.7725 Optimism price prediction 2025 The price of Optimism is predicted to reach a maximum value of $2.04 in 2025. Traders can anticipate a minimum price of $0.554 and an average trading price of $1.12. Optimism price prediction Potential Low Potential Average Potential High Optimism price prediction 2025 $0.554 $1.12 $2.04 Optimism price predictions 2026–2031 Year Minimum Price ($) Average Price ($) Maximum Price ($) 2026 4.95 5.12 5.96 2027 7.11 7.37 8.68 2028 10.62 10.92 12.59 2029 15.89 16.33 18.28 2030 23.30 23.96 27.51 2031 34.29 35.49 39.70 Optimism price prediction 2026 In 2026, the price of Optimism is forecasted to be around $4.95. OP’s value can reach a maximum of $5.96 and an average trading value of $5.12. Optimism price prediction 2027 In 2027, Optimism price prediction suggests a maximum price of $8.68, an average trading price of $7.37, and a minimum price of $7.11. Optimism price prediction 2028 Per the Optimism price forecast for 2028, OP could reach a peak price of $12.59. The average price is projected to stabilize around $10.92, with a minimum expected at $10.62. Optimism price prediction 2029 The Optimism price prediction for 2029 suggests a peak value of $18.28. The minimum trading price is expected to be $15.89. The average market value is projected to be around $16.33. Optimism price prediction 2030 The Optimism forecast for 2030 suggests a minimum price of $23.30, a maximum price of $27.51, and an average price of $23.96. Optimism price prediction 2031 According to the Optimism price prediction for 2031, OP could potentially reach a maximum price of $39.70, a minimum price of $34.29, and an average value of around $35.49. Optimism price prediction 2025 – 2031 Optimism market price prediction: Analysts’ OP price forecast Firm 2025 2026 Gate.io $1.14 $1.51 CoinPedia $3.82 $5.13 AMBCrypto $1.78 $10.09 Cryptopolitan’s Optimism (OP) price prediction Cryptopolitan’s overall price prediction for Optimism (OP) suggests a conservative outlook for the cryptocurrency in the near term. For 2025, the forecasted range is between $1 and $2.5. Over the next few years, Optimism is projected to experience substantial appreciation, with prices anticipated to rise from a minimum of $20.65 to a maximum of $31.98 by 2031. Optimism historic price sentiment Optimism price history | Source: Coinmarketcap OP launched with an initial value of $4.57 on May 31 but dropped sharply in June due to the UST stablecoin de-pegging and LUNA collapse, closing June at $0.5434. It further declined to $0.4147 by mid-July. In August, OP briefly surged above $1.90, but by mid-October, it dropped to $0.70 following the FTX collapse. In Q1 2023, OP surged past $3.00 during a crypto bull run but lost 66% shortly after. A recovery saw it close the year at $3.90. OP saw an eventful 2024, reaching an all-time high of $4.85 in March before sliding below $2.30 by mid-April. After a brief recovery to over $2.90 in May, it entered a bearish phase, trading at $1.82–$1.96 by July and $1.54–$1.62 by October. November brought a spark of hope with a peak at $2.60. OP closed December within the range of $1.611–$2.773. In January 2025, OP peaked at $2.18 but lost momentum, dropping to as low as $0.84 in February. OP peaked at $0.9346 in March, $0.8523 in May, and is trading around $0.5872 to $0.6141 in June.
The president’s son made the announcement late Friday following a series of stern warnings to the firm behind a new Trump memecoin wallet. Trump Memecoin Wallet Kiboshed, but Potential Investment May Be on the Horizon While mainstream media has been fixated on the ongoing war of words between U.S. President Donald Trump and Tesla CEO
The fight over a Trump-branded crypto wallet is over, Eric Trump says, as the dispute had roiled the waters of the Trump family’s burgeoning crypto empire. The president’s son said in a post on X on Friday that the company responsible for the Trump meme coin isn’t moving forward with a digital wallet offering that has caused a fissure with World Liberty Financial, the crypto company owned in part by the Trump family. The dispute’s heart was a proposed digital wallet called $TRUMP Wallet. It was being produced by a company called Fight Fight Fight LLC, which Bill Zanker, a longtime Trump friend, owns. This wallet was advertised as the home of the widely popular $TRUMP meme coin launched earlier in the year. However, another Trump-affiliated company, World Liberty Financial (WLFI), opposed the development. WLFI, which members of the Trump family partially own, said the wallet had used Trump’s name without permission. WLFI sent Fight Fight Fight and its tech partner, Magic Eden, a cease-and-desist letter to prevent the wallet from launching, Bloomberg News reported. The issue was revealed in an X post by Eric Trump. He said the wallet is not being pursued, and his family didn’t sign off on its development. “I run @Trump, and I know nothing about this project! He posted. This public statement went a long way toward putting such rumors to rest that a division had formed within the Trump crypto business network. World Liberty Financial boosts holdings with $TRUMP meme coin With the wallet flap now behind it, World Liberty Financial is pursuing a serious investment in the $TRUMP meme coin, Eric Trump says. He said on X that WLFI intends to purchase a “good amount” of the token. That’s changed from competition to partnership, indicating a closer relationship between WLFI and the token’s creators. Most of the $TRUMP supply, about 80%, is owned by Fight Fight Fight and another Trump-related entity, CIC Digital LLC . Their holdings are worth around $2 billion as of early June, according to CoinMarketCap, the tracking site. Its supporters say the meme coin provides fans with a means to express support for the president and to play a role in the digital economy. Critics say it is a cash cow for Trump insiders. And the demand for the meme coin, although much debated, has been so high that you’d be hard-pressed to find someone close to the Trump orbit who, like the president or not, might be open to a little high-proof sycophancy, who doesn’t want one. Trump crypto ventures spark political backlash The Trump family’s increasing stake in crypto has prompted fresh political concerns. Some Democratic lawmakers have alleged that Donald Trump, who calls the shots for the Republicans in the Senate, is employing the crypto vehicle to peddle influence and line his pockets and those of his cronies. They note the family’s hefty holdings in $TRUMP and their ties to numerous crypto firms. These worries intensified when Trump held a private dinner in April for prominent $TRUMP stockholders at Mar-a-Lago. Critics say this may have crossed the ethical boundary, particularly since Trump is the president. The Trump family disputes all allegations of wrongdoing. Eric and Donald Trump Jr. have insisted that they are simply backing projects that excite their base and represent genuine value in the world of cryptos. The family is, meanwhile, expanding its digital finance footprint. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
The post Ethereum (ETH) Price Prediction: Can Rising Demand from BlackRock Fuel Bullish Momentum? appeared first on Coinpedia Fintech News Ethereum (ETH) price experienced a similar volatility to Bitcoin (BTC) in the past 24 hours, following the feud between Elon Musk and U.S. President Donald Trump. The large-cap altcoin, with a fully diluted valuation of about $300 billion and a 24-hour average trading volume of about $18.5 billion, rebounded from a crucial support level of around $2,407 in the past 24 hours to trade about $2,478 on Friday, during the late North American trading session. However, the recent crypto rebound has triggered fears of a potential dead cat bounce. Moreover, the feud between Trump and Musk may continue to divide the crypto market. BlackRock Leads in Ethereum Accumulation According to on-chain data analysis, BlackRock has gradually shifted its focus from Bitcoin to Ether in the past few days. In the past week, BlackRock’s ETHA recorded a net cash inflow of over $492 million to currently hold about $4.84 billion in cumulative net cash inflow at the time of this writing. The gradual crypto cash rotation from Bitcoin to Ethereum has fueled the narrative of the much-anticipated altseason 2025. Moreover, the ETH/BTC pair has been dropping for the past few years until recently, signaling a major shift by institutional investors to the altcoin market. What Next for ETH Price? Since breaking out of an established falling trendline in the first quarter, the ETh price has been forming a rising trend characterized by higher highs and higher lows in the lower timeframes. The altcoin has, however, been consolidating in a tight range between $2,400 and $2,679 in the past few weeks. From a technical analysis perspective, Ether’s price is well positioned to rally above $3k if the buyers manage to push the altcoin above $2,679 in the coming weeks. However, a consistent close below $2.4k will signal further short-term bearish sentiment towards $2.2k.
XRP faces a critical test at its 200-day Exponential Moving Average, a key support level that could dictate its near-term trajectory. Shiba Inu experiences a sharp decline below major support
Deutsche Bank AG is actively exploring stablecoins and various forms of tokenized deposits as major financial institutions gain confidence in expanding their presence within the digital asset space. Sabih Behzad, Deutsche Bank’s head of digital assets and currencies transformation, explained in an interview that the bank is considering different strategies , including issuing its own token or collaborating on an industry-wide initiative. He added that the bank is also assessing whether to develop its own tokenized deposit solution for payment use. EU-wide standards already exist, US Congress is passing stablecoin legislation, and global banks are examining how these tokens and blockchain technology can improve productivity. Even though some of these projects have had years to gain traction, not many have quite broken through to real-world, mainstream scale. Behzad said they can certainly see the momentum of stablecoins along with a regulatory supportive environment, especially in the US. He noted that banks have a wide variety of options available to engage in the stablecoin industry — everything from acting as a reserve manager to issuing their own stablecoin, either alone or in a consortium. Stablecoins—digital tokens pegged to currencies like the dollar or euro—and tokenized deposits both represent money on a blockchain, designed to make payments faster and more cost-effective. Tokenized deposits are usually digital tokens issued by regulated banks, representing claims on bank deposits, essentially reflecting bank account balances on a blockchain. European banks and major players drive stablecoin innovation and adoption According to Bloomberg News, Banco Santander SA is reportedly in the early stages of its plans to launch a stablecoin and offer cryptocurrency access to retail clients via its digital bank. Deutsche Bank’s asset management arm, DWS Group, has teamed up with Dutch market maker Flow Traders Ltd. and crypto fund manager Galaxy Digital Holdings Ltd. to create a euro-denominated token. “I see a role for a European stablecoin or collaboration among European banks to develop one, particularly for settlement in a digital economy,” said ING Groep NV CEO Steven van Rijswijk in a recent interview. However, he noted that the Amsterdam-based lender currently has no public plans to announce. Early client adoption is emerging in payments. JPMorgan Chase & Co. reports that its Kinexys network processes over $2 billion in daily transactions on average, following a tenfold increase in volumes last year. However, this still represents a small fraction of JPMorgan’s overall daily payment processing of roughly $10 trillion. Last year, Deutsche Bank invested strategically in Partior, a blockchain-based cross-border payments and settlement company. The Frankfurt-based bank is also involved in Project Agorá , an initiative led by the Bank of International Settlements and various central banks to explore how tokenization can improve wholesale cross-border payments. In 2023, Deutsche Bank partnered with Swiss blockchain firm Taurus to develop digital-asset custody services for institutional clients. Big tech accelerates digital token adoption Growing momentum for United States stablecoin regulation is reportedly pushing major tech firms to explore digital token integration. The “Guiding and Establishing National Innovation for US Stablecoins Act,” or the GENIUS Act, is a key development encouraging companies to dive deeper into digital assets. The bill seeks to provide a regulatory framework for stablecoins and their issuers in the country but has been met with debate about Big Tech’s potential participation in the crypto industry. According to The New York Times, Republican Senator Josh Hawley recently said he would vote against the bill in its current form as it would allow tech companies to issue digital currencies that would compete with the dollar. In response, Democrats are reportedly planning to introduce an amendment that would prohibit Big Tech companies from creating their own stablecoins, according to an informed source cited by the NYT. This change would require tech firms operating in the US to rely on existing stablecoin issuers like Tether and Circle. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
The Federal Reserve is now facing a whopping $1.06 trillion in unrealized losses on its balance sheet. The New York Federal Reserve Bank, which handles the Fed’s bond transactions, just disclosed the losses, linking them to the central bank’s tight monetary stance. The Fed’s bonds are losing value as the bank maintains higher-for-longer interest rates in a push to fight inflation. The agency says it will ensure the losses won’t hit its bottom line or cash transfers to the Treasury. “The unrealized gain or loss position of the SOMA portfolio has no effect on net income or Federal Reserve remittances to the Treasury unless assets are sold and gains or losses are realized. Unrealized gains and losses have no effect on the conduct of monetary policy.” The New York Fed also notes the unrealized losses, which are recorded through the end of 2024, were offset slightly as the central bank let bonds mature without reinvesting. The Fed’s bond portfolio began witnessing significant unrealized losses over the previous two years, clocking $1.08 trillion in 2022 and $948.4 billion in 2023. The account witnessed unrealized gains of $354 billion in 2020 and $127.9 billion in 2021. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix 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 losses 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 Federal Reserve Suffers $1,060,000,000,000 in Unrealized Losses As Central Bank’s Rate Hikes Pressure Bonds appeared first on The Daily Hodl .