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
Crypto Insight UK has doubled down on a forecast that XRP must endure one last, violent shakeout before launching toward a long-awaited $10 milestone. In his latest video, the British analyst warned that “the most dense liquidity I’ve seen in a long time for XRP” still sits uncollected beneath current spot prices. Until that pool is swept, he argues, the market will not unlock the upside move he ultimately expects to carry the token into double-digit territory. XRP Needs One Last Flush “XRP didn’t come down as low as we wanted,” he told viewers. “It did hit the first key area of liquidity, but it didn’t take it all. That makes me think we’ve got continued downside.” In his own trading plan, the analyst has resting bids at roughly $2.01 and $1.95—a zone he believes will be tested once leveraged longs capitulate. Only after that “final flush,” he contends, can a rally toward $10 begin in earnest. The call comes amid broader cross-asset strength that has so far failed to translate into a sustained altcoin breakout. Silver is challenging decade-old highs near $36 an ounce, uranium contracts are pressing their recent peaks, and the Nasdaq Composite remains within sight of its all-time high. Yet despite what he calls “a broad-based commodities rally,” the analyst maintains that crypto still needs one more washout to clear residual excess. Related Reading: What Happens To The XRP Price If The 2017 Fractal Plays Out Again? Macro-political drama, he suggests, is only accelerating that process. He cited the public clash between Elon Musk and US president Donald Trump—sparked by Trump’s proposal for a four-trillion-dollar spending bill and Musk’s claim that Trump’s name appears in sealed Epstein files—as a narrative that briefly rattled risk markets. “If it brings the price to where I want it to go, fantastic,” he said dryly. “That’s all we’re looking at here.” On Ethereum he sees a similar dynamic. Open interest in ETH futures remains at all-time highs, a sign in his view that institutions are accumulating spot while shorting derivatives to hedge—a trade that could unwind violently should ETH pierce the $2,800 level. “When we get this squeeze to the upside,” he predicted, “we’ll see a fast move back toward all-time highs for ETH, probably toward $4,500 before you know it.” Related Reading: The Worst Case For XRP This Cycle? Just A Giga Rally To $19, Says Analyst Bitcoin, for its part, has already waded into the analyst’s preferred liquidity zone just above $100,000. Whether the flagship asset needs another dip, he said, is less important than what happens to its dominance. A brief surge in bitcoin market share toward 65.5% would, in his model, coincide with an XRP capitulation and set the stage for “crazy season,” his shorthand for a full-blown altcoin cycle. The hinge is XRP liquidity. Viewers were shown heat-map snapshots highlighting concentrated stop-loss orders beneath the May swing low. “People came long here after they thought, ‘Oh, the bottom’s in.’ That’s added to this liquidity below us,” he said. Until that layer is removed, he remains “80% sure” that price will probe lower—even though his own portfolio is almost entirely in spot XRP. “I’m on the side of wanting it to go,” he acknowledged. “If it goes up now, I’m happy. But I’d be highly surprised if we don’t get that push down.” Still, his end-point is unequivocally bullish. Once the liquidity has been harvested, he foresees a textbook bullish divergence on the daily relative-strength index—“lower low on price, higher low on RSI”—that would ignite what he calls the “next big push.” In that scenario, XRP would not merely revisit its 2021 peak near $3.80; it would overshoot to the analyst’s long-standing $10 target. “Let it send,” he concluded. At press time, XRP traded at $2.17. Featured image created with DALL.E, chart from TradingView.com
Spotify has unveiled “Scout,” a data-driven initiative designed to enhance internal talent identification by leveraging company insights while preserving human oversight. This initiative highlights Spotify’s strategic focus on optimizing employee
The TRUMP coin has officially partnered with World Liberty Financial (WLFI), signaling a strategic move to enhance its presence in the evolving cryptocurrency market. This collaboration aims to leverage WLFI’s
According to data from Farside Investors, the US Bitcoin spot ETF market experienced a significant net outflow of $47.8 million on June 6th. The largest withdrawal was recorded in BlackRock’s
Elon Musk’s AI venture, xAI, is making headlines with its ambitious plan to raise $5 billion in debt financing, signaling a major push into the artificial intelligence infrastructure sector. Despite