US crypto stocks surged following the Senate’s historic passage of the GENIUS Act, marking the first federal regulatory framework for stablecoins and igniting investor optimism. Notably, Coinbase (COIN) and Circle
X, formerly Twitter, is looking to enhance its “super app” credentials with the rollout of in-app investment and trading features. According to a report by the Financial Times, the social media platform, which has gained significant traction since Elon Musk acquired it in October 2022, is eyeing the new functionality as part of a broader plan to evolve into an all-in-one financial app. Musk’s Tesla was among the first major companies to buy Bitcoin ( BTC ) and his crypto-related posts have included nods to some of the market’s top memecoins. Musk’s plans for X X has increasingly become a top platform for social engagement and news, with Musk among its most vocal advocates. In addition to cryptocurrencies, users have called for the integration of everyday solutions and services. You might also like: Bubblemaps V2 goes live on Open Network X chief executive officer Linda Yaccarino, who succeeded Musk as CEO in June 2023, shared fresh details about what the platform is planning. She told the Financial Times in an interview that the goal is to bring all financial services to the public through a single app. It’s not just about the ability to, for instance, pay for pizza, she said, but also to make investments or trade assets. “A whole commerce ecosystem and a financial ecosystem is going to emerge on the platform that does not exist today,” Yaccarino added . Partnerships and integrations X recently revealed its partnership with Polymarket , picking the blockchain-based platform as its official prediction market partner. The move follows Musk’s comments on launching a peer-to-peer digital wallet service, dubbed X Money. Notably, this is expected to be a collaboration with payments giant Visa. In her remarks, Yaccarino confirmed that the upcoming trading and investment features will initially be available to users in the United States. A broader rollout will aim to offer global users services such as merchandise purchases and tipping. You might also like: Why crypto platforms need a ‘will function’ according to Binance’s CZ
June 19th, 2025 – Paris, France Bubblemaps Launches on TON, Bringing Visual Onchain Analytics to Telegram’s Native Blockchain Bubblemaps, the leading InfoFi analytics company, has announced that it has integrated TON, unlocking real-time visual analytics for one of the fastest-growing web3 ecosystems. Starting on June 19th, users can explore token activity across TON’s network from memecoins to Telegram-native apps through a Bubblemaps onchain interface. The integration of TON marks the 8th network supported by Bubblemaps V2. As TON gains traction with over 500k daily active addresses and rising attention from Telegram’s massive user base, the need for accessible and transparent analytics has never been clearer. “TON is a unique case,” said Nicolas Vaiman, CEO of Bubblemaps. “It’s not just another chain; it’s backed by one of the largest messaging platforms in the world. The scale is massive, and so is the opportunity for both builders and traders. That’s why we’re bringing Bubblemaps V2 to TON, to help make the network’s activity more accessible and easier to follow for everyone.” TON has evolved into one of the largest blockchains with more than 40M wallets and over 2M daily transactions. Its deep integration into Telegram Messenger, where it powers thousands of Mini Apps, has made it part of daily life for millions of crypto users. Despite TON’s rapid expansion, visual on-chain analytics remain limited. Bubblemaps’ InfoFi solution makes this information easy to interpret. Bubblemaps brings innovative visual analytics to TON, unlocking wallet and token transparency for Telegram-native assets. This integration brings TON users and developers the insights they need to make informed decisions about tokens, assets, and applications launching across the network. It brings TON an unprecedented level of transparency while enhancing usability. “Privacy is a right and transparency builds trust,” said Glenn Brown, VP of Business Development at TON Foundation. “These two values aren’t in conflict, they complete each other. As TON grows, tools that let the community understand on-chain activity without compromising user freedom will be key.” The launch also strengthens Bubblemaps’ position as a key player in the growing InfoFi space, a crypto layer where information is just as valuable as capital. As markets become increasingly driven by attention and narratives, the ability to visualize and understand token activity adds a financial edge. Bubblemaps is helping shape this space by making hidden on-chain data readable and actionable in real-time. Thanks to the integration, TON users have access to the full suite of Bubblemaps V2 features, including Magic Nodes, which reveal hidden links between addresses – from funding sources to insider clusters – and Time Travel, which allows users to explore how token distributions evolve over time. As TON continues to onboard new users and tokens at record speed, Bubblemaps is helping enhance the ecosystem’s visibility and making it easier to navigate for newcomers and experienced traders alike. About Bubblemaps Bubblemaps is the new onchain intelligence layer—turning raw blockchain data into clear, visual insights. Traders, funds, and analysts use it to track wallets, detect manipulation, and spot token flows early. Learn more: https://bubblemaps.io/ Contact Dan Edelstein PR@marketacross.com This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on X Facebook Telegram Check out the Latest Industry Announcements The post Bubblemaps Integrates with TON, Enhancing Transparency in Telegram’s Native Blockchain Ecosystem appeared first on The Daily Hodl .
For wealthy clients tired of letting Bitcoin sit dormant, Arab Bank Switzerland has a solution: an actively managed yield product built on XBTO’s institutional-grade strategy. According to a press release shared with crypto.news on June 19, XBTO has partnered with Arab Bank Switzerland to roll out a new Bitcoin ( BTC ) yield product, marking one of the first instances of a traditional Swiss private bank offering such a service directly to clients. The product, designed for high-net-worth individuals seeking yield on idle Bitcoin, combines the bank’s established digital asset infrastructure with XBTO’s proprietary “Diamond Hands” strategy, an options-based approach aimed at generating yield while accumulating Bitcoin during market dips. You might also like: Bubblemaps V2 goes live on Open Network Romain Braud, Head of Digital Assets at Arab Bank Switzerland, said the offering is fully integrated into the bank’s wealth management services, ensuring institutional oversight and regulatory compliance. “We have seen growing demand from our wealth management clients for ways to generate yield on their Bitcoin holdings within a properly managed risk framework. This collaboration will position Arab Bank Switzerland as the first traditional Swiss private bank to offer an integrated, bank-branded Bitcoin yield product, while maintaining the personal relationship and fiduciary care clients expect from private banking,” Braud noted. The partnership represents a significant step in crypto’s slow but steady penetration into the private banking mainstream. While institutions have dipped their toes into custody and token exposure, few have ventured into active yield strategies under a regulated, client-facing structure. For Arab Bank Switzerland, the development builds on its Bitcoin custody services, which it has offered through a partnership with Taurus since 2019. The move could pressure competitors to follow suit, accelerating crypto’s assimilation into private banking’s inner sanctum. At the same time, XBTO has further cemented its role as a bridge between institutional crypto strategies and traditional wealth management. The firm’s “Diamond Hands” strategy has now gained the imprimatur of a Swiss private bank, a rare stamp of legitimacy in an industry still wary of unregulated crypto products. Read more: Coins to watch for the next 10,000% moonshot after SOL and DOGE
BitcoinWorld Bitcoin Dormant Supply: Astonishing Growth Reveals Unshakeable HODL Conviction Have you ever wondered what happens to Bitcoin that just sits untouched for years? In the fast-paced world of crypto, it’s easy to focus on daily price swings and trading volumes. But a fascinating trend is quietly unfolding that speaks volumes about the conviction of early adopters and long-term investors: the significant growth in the Bitcoin dormant supply . What Exactly is the Bitcoin Dormant Supply? When we talk about the Bitcoin dormant supply , we’re referring to Bitcoin that hasn’t moved from its wallet address for a significant period. The most compelling category, and the focus of recent analysis, is Bitcoin that has remained untouched for over 10 years . Think of these coins as digital artifacts, relics from Bitcoin’s earliest days, held by individuals who acquired them long before Bitcoin became a household name. This category is particularly interesting because coins held for such an extended time are less likely to be part of active trading strategies. They represent a deep, long-term belief in Bitcoin’s future value, often associated with what the crypto community affectionately calls “ Bitcoin long-term holders ” or simply “HODLers” (Hold On for Dear Life). The Astonishing Growth: More Dormant Than Newly Mined? Recent data from a Fidelity Digital Assets report, highlighted by Cointelegraph, reveals a truly striking trend. Since April 2024, an average of approximately 566 Bitcoin that has remained unmoved for over a decade has been added to this “ancient supply” category every single day . To put this into perspective, consider the current rate of new Bitcoin entering circulation. Following the latest BTC halving event in April 2024, the reward for miners was cut in half. Miners now collectively earn around 450 Bitcoin per day (block reward of 3.125 BTC every ~10 minutes). The fact that the volume of Bitcoin becoming dormant for over 10 years surpasses the current daily issuance by miners is a powerful indicator of accumulation and holding behaviour. Here’s a simple comparison: Metric Approximate Daily BTC Amount (Since April 2024) New BTC Issued by Miners ~450 BTC BTC Becoming 10+ Years Dormant ~566 BTC This dynamic suggests that more Bitcoin is moving into the category of long-term, likely inaccessible or deeply held supply, than is being created each day. This has significant implications for overall Bitcoin supply dynamics . The Ever-Growing Treasure Trove of Ancient Bitcoin According to the Fidelity report, this ancient supply now represents a substantial portion of the total BTC supply that has ever been mined. It accounts for more than 17% of all mined Bitcoin , which is roughly 3.4 million BTC. Valuing this ancient hoard is difficult given Bitcoin’s price volatility. The report cited a value of approximately $360 billion based on a price of $107,000 per coin at the time of their analysis. While the price fluctuates, the sheer volume of 3.4 million BTC sitting unmoved for a decade highlights the immense value locked away by these conviction-driven holders. Why Are So Many Bitcoins Becoming Dormant? The Power of Bitcoin HODL The primary driver behind the growth of the Bitcoin dormant supply is the strong conviction of Bitcoin long-term holders . These individuals aren’t looking for quick profits. They likely acquired their Bitcoin when the price was significantly lower and have weathered multiple market cycles, corrections, and periods of intense volatility. Their decision not to move or sell their Bitcoin for over a decade indicates several possibilities: Unshakeable Belief: They hold a deep conviction in Bitcoin’s long-term potential as digital gold or a global reserve asset. Early Acquisition: Many of these coins were mined or purchased in Bitcoin’s infancy, potentially at very low costs, reducing the pressure to sell for profit. Lost or Inaccessible Keys: Sadly, some portion of this dormant supply may represent coins whose private keys have been lost or forgotten over the years. Estate Planning/Inheritance: Some may be held within long-term estate plans, intended for future generations. Strategic Holding: Sophisticated investors or entities might be intentionally holding large amounts off-exchange as a long-term strategic allocation. Regardless of the exact reason, the sheer volume of Bitcoin remaining dormant for so long is a powerful testament to the Bitcoin HODL philosophy and reduces the potentially available supply on exchanges. Future Projections and the Impact of the BTC Halving The Fidelity report makes compelling projections about the future growth of this ancient supply, largely influenced by the predictable nature of the BTC halving schedule. As time passes, more and more existing Bitcoin will cross the 10-year threshold, automatically adding to the dormant count, while the rate of new Bitcoin creation continues to decrease every four years due to the halving. Fidelity projects that the ancient supply’s share of the total mined BTC supply could rise to: 20% by 2028: The year of the next anticipated BTC halving . 25% by 2034: Further increasing its dominance over the newly issued supply. This interaction between the fixed issuance schedule dictated by the BTC halving and the behaviour of Bitcoin long-term holders profoundly impacts Bitcoin supply dynamics . As the rate of new supply shrinks and the amount of old, unmoved supply grows, the effectively available supply for trading and new investment becomes increasingly scarce. Implications for Bitcoin Supply Dynamics and the Market The consistent growth of the Bitcoin dormant supply has several key implications for the market: Reduced Selling Pressure: Coins held for over 10 years are statistically far less likely to be sold in response to market fluctuations compared to newer coins or those held by short-term traders. This removes a significant potential source of selling pressure from the market. Increased Scarcity: While Bitcoin’s total supply is capped at 21 million, the circulating and *actively traded* supply is what truly matters for price discovery. As the dormant supply grows, the effectively available supply becomes scarcer, which can be a bullish factor assuming demand remains constant or increases. Indicator of Conviction: The trend serves as a strong signal of confidence from some of the earliest and most resilient Bitcoin holders. Their unwillingness to sell, even after immense price appreciation, speaks to a belief in even greater future value. Understanding these Bitcoin supply dynamics is crucial for anyone trying to grasp Bitcoin’s long-term value proposition. It’s not just about how much Bitcoin exists, but how much is actually in active circulation. Are There Challenges or Risks Associated with Dormant Supply? While the growth in Bitcoin dormant supply is often seen as a positive indicator of strong holding conviction, it’s not without potential considerations: Lost Access: As mentioned, some portion is likely lost forever due to lost keys. This permanently removes those coins from circulation. Future Movement: While unlikely for the majority, a sudden need or decision by a large, ancient holder to move or sell a significant amount of Bitcoin could potentially impact the market, although the logistics of selling such a large amount without impacting the price are challenging. Concentration Risk: A large amount of supply is concentrated in the hands of early holders. While they have demonstrated resilience, this concentration is a factor in the overall supply distribution. However, the consistent growth of this category suggests that for every holder who might lose access or eventually sell, there are many more who remain steadfast in their Bitcoin HODL strategy. Conclusion: The Silent Strength of Bitcoin’s Ancient Supply The recent data showing Bitcoin dormant supply growing faster than new coins are mined is a powerful narrative. It underscores the unwavering conviction of Bitcoin long-term holders and highlights the unique Bitcoin supply dynamics at play, particularly in the wake of the latest BTC halving . As Fidelity projects this ancient supply to constitute an even larger percentage of the total BTC supply in the coming years, the scarcity factor becomes increasingly pronounced. The trend of deep-seated Bitcoin HODL isn’t just a meme; it’s a quantifiable force shaping the future availability and potential value of Bitcoin. This growth in dormant supply, exceeding the rate of new issuance, is a silent but strong indicator of the market’s long-term perspective on Bitcoin. It’s a reminder that beneath the daily noise, a significant portion of the network’s value is held by those who believe in its transformative potential over decades, not just days or months. To learn more about the latest Bitcoin market trends, explore our article on key developments shaping Bitcoin price action. This post Bitcoin Dormant Supply: Astonishing Growth Reveals Unshakeable HODL Conviction first appeared on BitcoinWorld and is written by Editorial Team
We’re thrilled to announce that MAT is now available for trading on Kraken! Funding and trading MAT trading will be live as of 14:00 UTC today, June 19, 2025. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’. Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost. Trade on Kraken Here’s some more information about this asset: Matchain (MAT) Matchain is a decentralized AI-powered blockchain platform focused on digital identity. It unifies Web2 and Web3 logins into a single DID, giving users full control and monetization of their data. With AI-enhanced profiling and partnerships like PSG, Matchain bridges identity, data sovereignty and real-world utility across chains. Please note: Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched). Geographic restrictions may apply Get Started with Kraken Will Kraken make more assets available? Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here , and all future tokens will be announced on our Listings Roadmap and social media profiles . Our client engagement specialists cannot answer any questions about which assets we may be making available in the future. The post MAT is available for trading! appeared first on Kraken Blog .
Whether you’re a gamer, investor, or just a trader, FUNToken may have exciting opportunities for
Sei ( $SEI ), the rapidly expanding layer-1 blockchain network, has delivered impressive performance today amid broadly lackluster market conditions in recent periods. The token, trading at $0.1880 at press time, has climbed to become the 66th most valuable cryptocurrency after posting a 12.12% gain over the past 24 hours. This gain propels it back above the coveted $1 billion market capitalization threshold. Source: Cryptonews However, many crypto traders and blockchain enthusiasts believe SEI’s network development and price performance remain disconnected. The SEI Paradox: 3x Bigger Than TON But Trading 7x Cheaper The total value locked (TVL) across the Sei ecosystem has exceeded $500 million , making it three times larger than the TON blockchain in locked capital. Despite this metric, Sei maintains a $1 billion valuation while Toncoin commands $7.2 billion. Regarding stablecoin adoption, the network hosts over $215 million in stablecoin issuance, $60 million more than Cronos, which trades at double Sei’s market valuation. Source: DefilLama Sei recently earned recognition as the world’s fastest EVM-compatible blockchain , achieving 5 gigahertz per second throughput and processing approximately 200,000 transactions per second (TPS). This performance has attracted numerous Web2-scale developers to build on the platform. The World's Fastest EVM Blockchain The first multi-proposer EVM L1 5 gigagas per second (~200k TPS) 50x faster than fastest EVM chain (Sei V2) Sei Giga is the EVM reimagined from the ground up. Built for a future of endless possibilities. Explore the new whitepaper… pic.twitter.com/5Lm2VdcSnN — Sei (@SeiNetwork) May 19, 2025 According to DappRadar analytics, Sei has overtaken opBNB as the leading Web3 gaming infrastructure, recording 7.38 million unique active wallets (UAW) over the last 30 days, representing a 33.5% monthly increase. Source: DappRadar Currently, only a handful of blockchains dominate Web3 gaming activity. Sei has now exceeded usage metrics of Web3-native platforms like Immutable, despite their zkEVM rollup technology. Nevertheless, the $SEI token remains 83.64% below its $1.14 all-time high (ATH) reached in March 2024. SEI’s Falling Wedge Breakout: Is 300% Rally About to Explode? The current technical structure suggests potential recovery momentum ahead. The Layer-1 token recently completed a falling wedge pattern on the daily chart, with an imminent breakout. Technical analysts project Sei could target initial resistance at $0.251 if it maintains current support around $0.185. #SEI completed the Falling Wedge on daily Breakout and go 1 TP – 0.2510$ 2 TP – 0.2845$ $SEI pic.twitter.com/73IxQeCjoA — Daniel Ramsey (@ramseycrypto) June 19, 2025 A successful break above that level could trigger an extended rally toward $0.2845, delivering a 51% gain from present prices. Crypto analyst @Four_iv believes that with $SEI building strong momentum, a breakout toward $0.80 becomes achievable , approaching 2024 highs and potentially delivering over 300% returns for traders. Can SEI Hit $0.5? Technical Patterns Signal Massive Breakout Ahead After finding support near the $0.16 region, SEI has bounced slightly and is currently trading around $0.1869, just above the 9-day simple moving average (SMA) of $0.1806, a short-term bullish signal if sustained. A critical resistance level lies at $0.26, which marks a 5-month-long descending barrier. A successful breakout above this level could open the door for a bullish rally toward the $0.35 region, which has historically acted as a significant supply zone. Source: Shattry on TradingView If momentum continues beyond $0.35, the chart outlines a potential mid-term target of $0.50 , representing a 160% gain from current levels. However, the Relative Strength Index (RSI) is currently at 46.42, indicating that SEI remains in neutral territory, although it has rebounded from oversold conditions below 30. This rebound suggests renewed buying interest but does not yet confirm a strong uptrend. In summary, SEI needs to convincingly break above the $0.26 resistance zone to validate a bullish reversal. If this breakout occurs with rising volume, the next targets lie at $0.35 and potentially $0.50. Failure to clear this resistance may lead to continued consolidation or a retest of lower support near $0.16. The post SEI TVL Closes in on $1 Billion But Price Still Down 83% from 2024 Highs – When Will It Recover? appeared first on Cryptonews .
Bitcoin (BTC) remains pinned below $105,000 since Tuesday as growing macroeconomic uncertainty and escalating geopolitical tensions seem to have taken the wind out of the flagship cryptocurrency’s sails. BTC has struggled to gain momentum since dropping below $110,000 on Wednesday (June 11). It plunged to a low of $102,854 before recovering and moving to current levels, marginally down over the past 24 hours as it struggles to reclaim $105,000. Trump Furious At Fed Rate Cut Stance US President Donald Trump launched a scathing attack on Federal Reserve Chair Jerome Powell for refusing to cut interest rates. The Fed left interest rates unchanged again, prompting Trump to take to Truth Social and criticize Fed Chair Jerome Powell. Trump posted, “Too Late—Powell is the WORST. A real dummy who’s costing America $Billions!” He also included a link to an article published on the National Mortgage News site. The article quoted an analysis from Fannie Mae’s and Freddie Mac’s regulator, who called for Powell to step down if he kept interest rates steady. The decision left Bitcoin at a standstill. BTC has hovered around $104,000-$105,000 since the Fed voted to maintain its current monetary policy in June. Analysts believe the Fed’s cautionary stance has triggered a pause in Bitcoin’s price action, much to the dismay of traders. Fed Chair Jerome Powell justified keeping interest rates steady, adding that “policymakers are well-positioned to wait” before moving further on interest rates. “We have to learn more about tariffs. I don’t know what the right way for us to react will be. I think it’s hard to know with any confidence how we should react until we see the size of the effects.” Federal Reserve Keeps Interest Rates Unchanged The Federal Reserve kept interest rates steady, between 4.25% and 4.50%, expecting elevated inflation and slowed economic growth. However, the Fed expects to make two rate cuts later this year. However, it removed one reduction for 2026 and 2027, putting the expected future rate cuts at four or one percentage point. The Reserve's “dot plot” indicated continued uncertainty about future rate cuts. Each dot represents an official’s expectations for rates. Seven of the nineteen participants indicated they did not want any cuts this year. However, the Committee unanimously approved the policy statement. The FOMC stated, “Uncertainty about the economic outlook has diminished but remains elevated. The Committee is attentive to the risks to both sides of its dual mandate.” Meanwhile, Federal Reserve Chair Jerome Powell indicated there was time to wait for more clarity, stating, “For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policies.” Spot Bitcoin ETFs Continue Inflow Streak US-based spot Bitcoin ETFs continued their inflow streak, recording their eighth day of inflows despite Middle East tensions. The ETFs recorded $388.3 million in inflows on Wednesday, as institutional interest shows no sign of waning. According to data from Farside, BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Fidelity Wise Origin Bitcoin Trust (FBTC), led with $278.9 million and $104.4 million in inflows. The strong inflows reiterate the fact that institutional interest and confidence in BTC remains strong. Crypto analytics platform Santiment stated, “Despite the initial panic, Bitcoin has remained in the $104K-$105K range, aided by consistent ETF inflows and a lack of follow-through in military actions, mirroring the typical ‘risk-off, then stabilize’ pattern seen in previous geopolitical crises.” Bitcoin (BTC) Price Analysis Bitcoin (BTC) is struggling to regain momentum as resistance around $105,000-$106,000 blocks a move past $110,000. Rising macroeconomic uncertainty and escalating Middle East tensions have pushed investors into a “wait-and-watch” approach, thanks to market uncertainty. As a result, BTC’s bull run has hit pause, with the $112,000 level proving to be a stubborn barrier. Rising geopolitical tensions, including the Israel-Iran conflict, have created a risk-off sentiment among investors. As a result, they have pivoted to traditional safe-haven assets like gold and US Treasurys, with gold nearing all-time highs this week. BTC and other risk assets have faced reduced demand in recent sessions, with the flagship cryptocurrency dropping nearly 4% since Israel’s first attack on Iran. The Nobitex hack added to the pressure, further weighing down the price. The Fed’s decision to leave interest rates unchanged has also dampened momentum. The Fed’s cautious approach is due to persistent inflation and concerns about tariff-induced pressures under the Trump administration. These concerns have also reduced expectations of a Fed rate cut in 2025. The Fed’s restrictive monetary policy strengthens the US Dollar and pressures risk assets like BTC . Market watchers believe the circumstances in which the Fed is fighting inflation are exceptional. QCP Capital stated in a note, “This is no ordinary inflation fight. Our base case is that the Fed may adopt a more cautious tone in its September, potentially indicating a single rate cut for 2025, in contrast to market pricing. Such a revision would likely pressure risk assets, including Bitcoin and broader digital assets, as liquidity expectations are pared back.” BTC started the previous week on a bullish note, rising over 4% to surge past the 20-day SMA and $110,000 and settle at $110,247. The price fell to an intraday low of $108,325 but recovered to reclaim $110,000 and settle at $110,258. BTC lost momentum on Wednesday and fell 1.43% to $108,686. Bearish sentiment intensified on Thursday as the price fell nearly 3%, slipping below the 20-day SMA and settling at $105,826. BTC plunged to an intraday low of $102,854 on Friday as sellers attempted to overwhelm buyers. However, it recovered from this level to register a marginal increase, reclaim $106,000, and settle at $106,106. Source: TradingView Price action was mixed over the weekend as BTC dropped nearly 1% on Saturday before registering a marginal increase on Sunday to settle at $105,561. BTC raced to an intraday high of $108,939 on Monday as it started the week on a bullish note. However, it could not stay at this level and fell to $106,808, ultimately registering an increase of 1.18%. Selling pressure returned on Tuesday as markets turned bearish. As a result, the price fell over 2%, slipping below $105,000 and settling at $104,519. BTC recovered on Wednesday, registering a marginal increase and moving to $104,884. The current session sees BTC down 0.50%, trading around $104,358. If BTC slips below $103,000, it could drop to $100,000 or lower. On the other hand, if buyers regain momentum and push above $106,000, BTC could move to $110,000. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
The cyberattack on Iranian crypto exchange Nobitex has gone from bad to worse, as hackers deliver yet another major blow. Gonjeshke Darande, the hacker group behind the breach on the Nobitex exchange, took to Twitter on Thursday to leak what they claim is the exchange’s full source code. “Time’s up — full source code linked below. ASSETS LEFT IN NOBITEX ARE NOW ENTIRELY OUT IN THE OPEN,” the hackers wrote. In the following eight-part thread, the group leaked sensitive information about the exchange’s infrastructure, including server layouts, privacy tools, deployment systems, and more. Time's up – full source code linked below. ASSETS LEFT IN NOBITEX ARE NOW ENTIRELY OUT IN THE OPEN. بازمانده دارایی های شما در نوبیتکس هم اکنون در معرض دید و خطر هستند But before that, lets meet Nobitex from the inside: Exchange Deployment (1/8) pic.twitter.com/jiMfBpNXwd — Gonjeshke Darande (@GonjeshkeDarand) June 19, 2025 The move, which further jeopardizes what’s left of user assets, comes as the exchange continues to reel from the recent breach of its hot wallets, with total losses now reaching $100 million in assorted crypto assets. You might also like: Is the crypto bull run still possible after Israel bombed Iran? Prior to leaking the security details, the group, also known by the pseudonym “Predatory Sparrow,” claimed it had burned up to $90 million of the stolen funds across multiple chains. According to the hackers, they used “vanity addresses” that lack recoverable private keys, rendering the assets permanently inaccessible. Nobitex acknowledged earlier the same day that its internal investigation revealed the scope and impact of the attack to be more complex than initially estimated. The exchange also noted that its response efforts have been limited due to broader national tensions stemming from the ongoing Israel–Iran conflict. Widely regarded as a central pillar of Iran’s crypto economy, Nobitex was explicitly targeted by the group as part of what it described as retaliation for the conflict. Gonjeshke Darande has, on several occasions, referred to the exchange as the country’s “favorite sanctions violations tool.” In response to the crisis, Iran has imposed a curfew on domestic cryptocurrency exchanges, restricting their operating hours between 10 a.m. and 8 p.m. Read more: a16z recovers X account after hack promoting fraudulent token