BitcoinWorld Japanese Retailer Mac House Makes Bold $12M Crypto Investment Move In a move signaling a growing convergence between traditional industries and the digital asset space, Japanese apparel retailer Mac House has announced a significant foray into the world of cryptocurrencies. The company revealed on June 19 its intention to allocate a substantial portion of recently raised capital – up to 1.715 billion yen, equivalent to approximately $12 million – towards investments in digital assets, prominently featuring Bitcoin. This strategic decision, reported by CoinDesk Japan, highlights an increasing willingness among established businesses to explore the potential of cryptocurrencies beyond just payment solutions. Why is a Japanese Retailer Venturing into Crypto? The decision by a traditional Japanese retailer like Mac House to invest millions in cryptocurrencies might seem unconventional at first glance. However, it reflects several potential strategic considerations that businesses globally are beginning to evaluate in the current economic climate. Here are some key reasons why a company might make such a move: Balance Sheet Diversification: Companies often seek ways to diversify their corporate treasury holdings beyond traditional cash, bonds, and equities. Cryptocurrencies, particularly Bitcoin, are seen by some as a new asset class offering potential uncorrelated returns, although this comes with significant risk. Inflation Hedge Potential: With global economic uncertainties and inflationary pressures, some corporations view assets like Bitcoin as a potential store of value or a hedge against the devaluation of fiat currencies. Potential for Growth: The cryptocurrency market, despite its volatility, has demonstrated periods of explosive growth. Investing in these assets offers the potential for capital appreciation, which could enhance the company’s financial position. Future Readiness: Investing in and understanding digital assets positions the company to potentially engage with the crypto economy in other ways in the future, such as accepting crypto payments or exploring Web3 technologies. For Mac House, this move indicates a forward-thinking approach, acknowledging the evolving financial landscape and seeking new avenues for growth and asset management. Mac House ‘s Strategic Vision: The New Digital Asset Group To effectively manage this new venture into digital assets, Mac House is undertaking an internal reorganization. A critical part of this plan is the establishment of a dedicated “Digital Asset Management Group” within its corporate division. This is a crucial step, as it acknowledges the specialized knowledge and infrastructure required to handle cryptocurrency investments. The responsibilities of this new group are set to be comprehensive: Overseeing Investments: Managing the portfolio of digital assets and potentially other equity investments. Risk Management: Identifying, assessing, and mitigating the unique risks associated with volatile assets like cryptocurrencies, including market risk, operational risk, and regulatory risk. Market Analysis: Monitoring market trends, evaluating potential investment opportunities, and making informed decisions regarding the allocation of funds within the digital asset space. Compliance: Ensuring all investment activities comply with relevant financial regulations in Japan and other applicable jurisdictions. The creation of a specific group underscores that this is not a casual allocation but a calculated strategic initiative requiring dedicated expertise and governance. Breaking Down the $12M Crypto Investment Plan The core of Mac House’s announcement is the allocation of up to 1.715 billion yen ($12 million) for crypto investment . This funding comes from a third-party allotment of stock options, indicating that the company specifically raised capital with this strategic purpose in mind, or is redirecting funds obtained through this method towards this goal. While the announcement mentions investing in cryptocurrencies “including Bitcoin,” it suggests that other digital assets may also be considered for the portfolio. The exact breakdown of the $12 million allocation across different cryptocurrencies has not been publicly detailed, but the specific mention of Bitcoin is significant. Bitcoin is often the first and primary digital asset considered by corporations due to its liquidity, market capitalization, and recognition as a foundational cryptocurrency. A $12 million investment is a substantial amount for a retailer, representing a meaningful commitment of capital to this new asset class. It signals serious intent and positions Mac House among a growing list of traditional companies exploring digital assets for their balance sheets. What This Means for Bitcoin Investment and the Market Mac House’s plan for Bitcoin investment and other cryptocurrencies is another data point supporting the trend of increasing institutional interest. While individual investors have long been active in the crypto market, participation from publicly traded companies, especially outside the tech or finance sectors, lends further legitimacy to the asset class. Every instance of a known company allocating capital to Bitcoin or other cryptocurrencies contributes to what is often referred to as “institutional adoption.” This trend is important for several reasons: Increased Capital Inflow: Corporate investments bring significant capital into the market, potentially influencing liquidity and market dynamics. Validation: When established companies invest, it can signal to other businesses and the wider public that digital assets are becoming a more accepted and viable part of the financial ecosystem. Infrastructure Development: Institutional participation often drives the development of more robust and regulated infrastructure for trading, custody, and managing digital assets. While $12 million is not on the scale of investments made by companies like MicroStrategy or Tesla at their peak crypto holdings, it is a notable amount for a retail company and contributes to the overall narrative of traditional finance and business intersecting with the crypto world. Navigating the Path of Institutional Crypto Adoption The path of institutional crypto adoption is not without its challenges and risks. Mac House, like any company venturing into this space, will need to carefully navigate a complex environment. Key challenges include: Challenge Description Relevance for Mac House Market Volatility Cryptocurrency prices can experience rapid and significant fluctuations, impacting the value of the investment portfolio. Potential for substantial gains or losses on the $12M investment, affecting the company’s financial statements. Regulatory Uncertainty The regulatory landscape for cryptocurrencies is still evolving globally, including in Japan. Changes could impact the legality or taxation of holdings. Need for the Digital Asset Management Group to stay updated on and comply with all relevant laws and regulations. Security Risks Storing and managing digital assets securely requires specialized knowledge and infrastructure to prevent hacks or loss of private keys. Requires robust security protocols and expertise within the new management group. Accounting and Reporting Accounting rules for digital assets are still developing, making reporting their value and changes complex. Needs clear internal procedures and potentially external expertise for financial reporting. Public Perception Investor and customer views on cryptocurrency can vary, potentially impacting the company’s brand image. Requires clear communication about the rationale and management of the investment. Mac House’s decision to create a dedicated management group indicates they are taking these risks seriously and putting structures in place to mitigate them. This is a crucial step for any company considering institutional crypto adoption. Actionable Insights for Businesses and Investors What can other businesses and investors learn from Mac House’s move? For Businesses Considering Crypto: This example shows that companies outside the traditional finance/tech sector are exploring crypto. It highlights the need for a clear strategy, dedicated resources (like Mac House’s new group), and a thorough understanding of the risks involved before committing capital. Diversification and potential future engagement with the crypto economy are key drivers. For Crypto Investors: Each instance of institutional adoption, like Mac House’s $12M plan, adds another layer of legitimacy to the market. While individual corporate investments may not drastically move the market on their own, the cumulative effect of increasing corporate interest can be a positive long-term signal for the asset class. It suggests that the utility and value proposition of assets like Bitcoin are being recognized by a wider range of entities. Summary Japanese retailer Mac House is making a bold strategic pivot by planning to invest up to $12 million in cryptocurrencies, including Bitcoin, funded by a recent capital raise. This move is supported by the creation of a new Digital Asset Management Group tasked with overseeing these investments and managing associated risks. Mac House’s decision underscores the increasing trend of institutional crypto adoption, as companies look to digital assets for potential diversification, growth, and as a hedge against economic uncertainty. While significant risks like market volatility and regulatory complexity exist, the establishment of a dedicated internal group suggests Mac House is approaching this venture with careful consideration and a long-term perspective. This development serves as another example of how traditional industries are beginning to integrate with the evolving world of digital finance, potentially paving the way for more companies to explore similar strategies in the future. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Japanese Retailer Mac House Makes Bold $12M Crypto Investment Move first appeared on BitcoinWorld and is written by Editorial Team
On Wednesday, U.S. Treasury Secretary Scott Bessent said that stablecoins will solidify the U.S. dollar’s dominance globally as President Donald Trump urged Congress to fast-track landmark GENIUS legislation. “Stablecoins could reinforce dollar supremacy because stablecoins could end up being one of the largest buyers of U.S. Treasurys or T-bills,” Bessent said on X. “There’s a very good chance crypto is actually one of the things that locks in dollar supremacy.” Bessent pushed back against skeptics who deem crypto a threat to the US dollar, emphasizing that digital assets are “one of the most important phenomena in the world right now” that have been “ignored by national governments for far too long.” The comments come a day after the crypto industry scored a major win when the US Senate passed a landmark bill laying the groundwork for regulated, dollar-backed stablecoins. The House must now decide whether to take up the Senate’s bill or support its own version, before the GENIUS Act can get the President’s signature. In a Truth Social post, President Trump said the bill would make the U.S. the “undisputed leader in digital assets.” “The Senate just passed an incredible Bill that is going to make America the UNDISPUTED Leader in Digital Assets — Nobody will do it better, it is pure GENIUS,” he wrote . “Digital Assets are the future, and our Nation is going to own it.” Either way, President Trump, who is keen to move pro-crypto legislation along, has urged House lawmakers to quickly pass the stablecoin bill. With major Wall Street behemoths like JPMorgan Chase , Apple , Bank of America, Walmart, and Amazon poised to foray into the stablecoin market, prominent voices, including Bessent, foresee the US dollar-backed stablecoin market growing into the trillions of dollars. The Treasury Secretary recently predicted that the stablecoin market could hit $3.7 trillion by the end of the decade.
ChatGPT’s o3 Pro AI model has analyzed 38 live indicators, from TradingView technicals and Binance order book flows to on-chain usage metrics and social sentiment, and has distilled a focused SUI price forecast as the token hovers near $2.83 ahead of potential catalysts. RSI around 35.79 and a mild bearish MACD crossover indicate Sui is tucked between support near $2.70 – $2.85 and resistance around $3.15 – $3.20 , even as daily volume exceeds $657.32 million . Source: CoinMarketCap Since January’s $5.35 peak, the price has slid into a $2.81–$3.37 range by mid-June. However, active address growth, ecosystem developments, and social dynamics suggest that a sharper move may follow once volatility (ATR ~0.12 USDT) expands. The following analysis was conducted using one of ChatGPT’s AI models, the new o3 pro. The predictions were then reanalyzed and edited together for enhanced readability while maintaining analytical precision. Technical Pulse: SUI Price Coiled in a Tight Range On the daily SUI/USDT chart at Binance, the market is clearly compressing. After reaching $5.35 in early January 2025, Sui retreated, settling into a band roughly between $2.70 and $3.15. Source: TradingView Momentum readings show caution, as an RSI near 42.5 sits below neutral without indicating an extreme oversold condition, and MACD’s line at approximately –0.1581 crossing under its signal around –0.1190 yields a slight negative histogram (~–0.0036), reflecting modest downward pressure rather than a decisive breakdown. Volatility remains subdued, with ATR around 0.22 USDT implying daily swings of roughly 4% or less until an external trigger broadens the range. Exponential moving averages further illustrate the bias. The 20-day EMA at about $2.81 lies just above the current price (~$2.78), while the 50-day EMA near $2.95 and the 100-day EMA around $3.10 hover overhead as a descending cluster that resists upward moves. Price attempts to reclaim these averages have stalled, indicating sellers defend rallies within this compression. Bollinger Bands, calculated on a 20-day SMA near $2.85 with upper and lower bands around $3.15 and $2.55, respectively, are narrowing in a classic squeeze; trading below the middle band hints at downward bias but leaves room for a bounce if support levels hold. Classic pivot calculations from the prior session’s high, low, and close yield a pivot near $2.85, first support around $2.70, first resistance near $3.00, second support near $2.55, and second resistance close to $3.15. These pivot points align with horizontal zones observed in recent swings: support around $2.60–$2.70 and resistance near $3.20–$3.30. Historically, once ATR and volume pick up, such squeezes resolve sharply toward the next supply or demand zone. Until then, Sui will likely oscillate within $2.55–$3.15 , favoring investors who respect intraday pivots and maintain tight risk management. Support & Resistance Guide: Mapping the Crucial Zones SUI’s immediate support rests near $2.70–$2.75 , matching pivot S1 and recent swing lows seen in mid-June. If that buffer falters, the broader demand area stretches down to about $2.55, below which April’s trough near $2.11 becomes vulnerable only if sellers decisively breach the $2.55 level. On the upside, initial resistance around $2.85–$2.90 (pivot and 20-day EMA) must yield before the price can test the 50-day EMA near $2.95. Pushing beyond $3.15 (upper Bollinger Band and pivot R2) would open room toward swing highs around $3.30–$3.40 , last tested in early June before renewed downward pressure. Clearing the 100-day EMA near $3.10–$3.15 on solid volume would suggest a potential shift back toward $3.50–$4.00 , though climbing through residual supply from April–May recovery attempts (roughly $3.50–$4.13) may require a robust catalyst. The key trigger lies in daily closes, as holding above $2.85–$2.90 indicates a short-term bullish tilt, whereas falling below $2.70 risks probing $2.55–$2.50 . Given an ATR-based expected daily range near $0.24, a breakout or breakdown beyond these pivot zones could materialize within a single trading day once volatility awakens. Thus, investors should watch for ATR upticks alongside volume surges to confirm genuine directional moves rather than false breaks in a still-constricted market. Liquidity & Market Depth: Is There Fuel for a Conviction Move? With a market capitalization of approximately $9.5 billion and a fully diluted valuation of around $28 billion , SUI commands substantial liquidity across major exchanges. Binance’s SUI/USDT order books typically absorb multimillion-dollar orders without severe slippage, a prerequisite for volatility expansions when triggered. The recent 24-hour turnover of $1.14 billion , about 12.5% of the market cap, reflects sustained trading engagement despite sideways price action. According to on-chain and anecdotal indicators, the volume composition appears tilted toward spot accumulation rather than leveraged positions. This reduces the likelihood of forced liquidations and dampens explosive price swings until a clear catalyst emerges. Order book clusters near $2.70–$2.80 on bids provide a cushion against moderate selloffs, while resting offers around $2.90–$3.00 absorb minor rallies unless buying pressure intensifies. Observing the volume-weighted moving average (e.g., VWMA20) can reveal subtle accumulation. If VWMA rises while price lingers below EMAs, it hints at selective buying beneath an overall bearish-looking chart. Overall, deep liquidity and sustained volume supply the fuel for a breakout once volatility picks up. Yet, price may remain confined within the established range without a clear catalyst, ecosystem news, macro shifts, or broader crypto sentiment changes. The next decisive move will likely require an external spark to push through these liquidity zones. OnChain Insights: Gauging Real Usage vs. Speculation Despite SUI’s pullback from January highs, on-chain metrics indicate continued ecosystem engagement . Daily active addresses and transaction counts remain elevated, indicating usage-driven demand beyond mere speculation. Thousands of daily users interacting with dApps, NFTs, DeFi, or emerging meme projects suggest a baseline of utility that can sustain price floors when volatility spikes. Lockups of SUI tokens by projects or the foundation for staking or governance purposes could tighten the exchange float, exerting upward pressure when buying resumes. Conversely, reports of large token dumps by early investors have amplified selling pressure, contributing to April’s dip. Launches of large-scale dApps often drive transaction volume spikes, as users need SUI to pay fees and participate in tokenomics; such on-chain activity surges have historically preceded price rebounds. Stablecoin or bridge flows also matter, as data indicating that SUI surpasses other chains in stablecoin transfers hints at infrastructural adoption that underpins long-term demand, even if price lags initially. $SUI surpasses @Solana for the first time in weekly stablecoin transfers pic.twitter.com/vkPB1A59Hg — ToreroRomero (@Torero_Romero) June 18, 2025 Network upgrades and partnerships, such as the cross-chain bridges, major wallet integrations, or rumored listings like Robinhood, can prompt anticipatory positioning, reducing float ahead of confirmation. Monitoring these indicators reveals whether on-chain demand growth outpaces sell-side pressure from profit-taking or broader market weakness. $SUI SURPASSES 210 MILLION TOTAL ACCOUNTS pic.twitter.com/mdQAaRI0zq — ToreroRomero (@Torero_Romero) June 16, 2025 Sustained increases in active addresses or locked tokens during a volatility squeeze often presage bullish breakouts once sentiment shifts. Social Sentiment Indicators: Reading the Community Pulse LunarCrush data portrays an engaged but cautious SUI community. Galaxy Score near 60 sits above neutral 50 , reflecting modest bullish bias rather than euphoria. AltRank places SUI around 140 in a mid-tier engagement category. Yet engagement metrics show nearly 1.6 million interactions over 24 hours and rising mentions of about 22.32K . Sentiment hovers around 90% positive or neutral, though slight downward shifts hint at growing caution amid price decline. A high volume of mentions and an expanding creator base (around 3.2K contributors) mean diverse narratives circulate: some emphasize SUI’s layer1 promise and utility gains (“surpassing Solana in stablecoin transfers”). $SUI surpassing solana in stablecoins transfer is making it clear as the daylight That the next retail onboarding chain is @SuiNetwork Price action may not reflect it rn but when fundamentals start aligning, prices catch up sooner & at rapid pace! Don't fade…. pic.twitter.com/Y2OYwBLudU — Momin (@mominsaqib) June 18, 2025 In contrast, others warn of token dumps or question near-term catalysts. Social dominance, which accounts for nearly 1.7% of crypto chatter, can spike around major headlines, quickly amplifying volatility. Trending articles, comparisons with other L1s, forecast warnings, and listing speculation influence collective expectations. Positive headlines may spark short-term rallies, whereas contradicting reports fuel whipsaws. $SUI SURPASSES $490 BILLION TOTAL TOKEN VOLUME pic.twitter.com/K4OtxsCgTf — ToreroRomero (@Torero_Romero) June 17, 2025 Overall, mixed yet attentive sentiment suggests that a clear catalyst, such as a successful dApp launch, major listing, or macro relief, could rapidly shift conviction and trigger a pronounced move. Until then, social-driven volatility is likely contained within the existing trading band, as bullish and bearish narratives balance each other. Macro & Ecosystem Catalysts: Potential Sparks Several developments could break SUI out of its current compression: Confirmation of a high-profile listing or integration, such as on Robinhood or large wallet/payment platforms, would expand access and likely reignite buying pressure. Partnerships with prominent DeFi protocols or cross-chain bridges, enhancing utility, can reshape market perception. Launches of ecosystem milestones, high-profile dApps, NFT marketplaces, gaming projects, or DeFi protocols that drive substantial transaction volume and token lockups can tighten float and underpin price support. Network upgrades that improve throughput and interoperability (e.g., seamless bridges) or introduce novel features (e.g., zkrollup integration) boost developer interest and indicate maturation, encouraging longer-term investment. A broader crypto rally, driven by macro liquidity, ETF approvals, or risk-on shifts, often lifts altcoins alongside Bitcoin and Ethereum; Sui could attract spillover capital if technical conditions permit. Tokenomics events, including vesting or unlock schedules, may pressure price when large holders sell; however, coordinated lockups or buyback programs could produce bullish supply shocks. Clear communication around token release schedules is vital to manage expectations. Regulatory clarity favoring layer-1 blockchains and DeFi can indirectly benefit Sui by boosting sector confidence. Broader market shocks, geopolitical tensions, or macro risk-off episodes can trigger capital rotations; Sui’s on-chain usage resilience might lend relative shelter, though initial dips often precede recoveries if fundamentals hold. The interplay and timing of these catalysts against SUI’s technical squeeze will determine the breakout direction. Investors should monitor news flow, on-chain and social metrics, and volume/volatility shifts as potential catalysts emerge. Three-Month SUI Price Forecast Scenarios In the coming 90 days , SUI’s path will likely fall into one of three broad scenarios. Range-Bound Consolidation (Base Case) SUI may oscillate between roughly $2.55 and $3.15 without a clear catalyst or favorable macro shift. Technical indicators, such as the RSI lingering near 40–50 , MACD near neutral, and EMAs overhead, point to a balanced tug of war. On-chain usage remains steady but not surging, and social sentiment stays mixed, containing the price within the established band. Volatility (ATR ~0.12 USDT) and volume hold near current levels, punctuated by occasional spikes insufficient to breach pivot zones. In this environment, short-term investors can exploit intraday swings with tight risk controls, while longer-term participants await directional clarity before substantially altering positions. Bull Breakout Toward $4+ (Bull Case) A convergence of positive catalysts, such as a major listing announcement, a surge in dApp adoption metrics, or a broad crypto upswing, could drive volume and volatility above normal, pushing the price above $3.15 (upper Bollinger Band/pivot R2) and clearing the 100-day EMA near $3.10 . An RSI climbs above 50, and a bullish MACD crossover would confirm a momentum shift. On-chain metrics (active addresses, transaction volume, token lockups) would need to spike to validate demand, and social indicators (Galaxy Score above 60, surging engagement) would amplify interest. The initial upside could target $3.50–$4.00 , with the potential to retest at $5.00 if momentum persists in a constructive, broader market. However, risk management remains essential. Traders should take profits near resistance and rely on volume to sustain moves, using trailing stops or staged exits to guard against sudden reversals if sentiment overheats. Downside Breakdown Toward $2 or Lower (Bear Case) Negative catalysts, such as disappointing ecosystem developments, macro risk-off, or large insider selloffs, could trigger a high volume breach of $2.70 support . Confirmation would come from an RSI drop below ~35, a deepening negative MACD, and a spike in ATR indicating panic-like volatility. Onchain signals would show stalled or declining active address growth, token unlock events flooding exchanges, and weakening transaction metrics, pointing to fading demand. Social sentiment might plunge (Galaxy Score falling below ~30), with engagement skewing negative and accelerating selling pressure. In this scenario, the price could test April lows near $2.11 and psychological $2.00 ; breaking these could open paths toward $1.80 or lower if macro conditions remain hostile. Investors should employ stop losses below key supports and consider hedging, while long-term holders assess whether fundamental prospects justify adding at lower levels or if risks outweigh potential gains. SUI Price Forecast: Converging Signals at a Key Juncture Across technical charts, on-chain metrics, and social feeds, SUI exhibits pronounced compression. The price is wedged between $2.70 support and $3.15 resistance , with EMAs overhead indicating caution. Onchain engagement remains healthy, and social attention stays high, but undecided. The next directional move will depend on how catalysts intersect with this squeeze. Market participants should treat each swing as a data signal: does the price hold near $2.70 for rising on-chain usage? Does a listing or partnership coincide with higher Galaxy Scores and volume that propel the price above $3.15? Conversely, do token unlocks or negative macro news induce a drop below $2.55, and if so, can onchain stickiness or community buy-ins arrest deeper declines? Active, real-time monitoring, which includes recalculating indicators, analyzing order book depth, and tracking sentiment flows, can refine decisions amid uncertainty. Geopolitical or macro shifts, such as the ongoing Israel-Iran war , also factor in risk-off periods. Altcoins often suffer steeper drawdowns yet may rebound faster if on-chain fundamentals remain intact. What’s Next for SUI? SUI’s compression between $2.70 and $3.15 reflects a market at a crossroads: technical indicators hint at bearish bias yet show readiness for a breakout when catalysts align; on-chain metrics reveal sustained engagement despite price declines; social sentiment remains engaged but uncertain. Over the next 90 days, forces such as major listings, ecosystem milestones, macro tides, or tokenomics events will determine whether Sui reclaims higher ground toward $4–$5 or revisits deeper support near $2.00–$2.10 . Investors should watch daily closes above $3.15 for bullish conviction or below $2.70 for bearish confirmation, while monitoring ATR and volume spikes as early warnings of volatility expansion. Simultaneously, on-chain usage trends and social sentiment shifts, such as rising active addresses or a jump in Galaxy Score above 60 , offer context to validate moves or indicate caution. SUI’s trajectory will mirror the interplay between its fundamental advancement as a layer-1 platform and broader market dynamics. SUI’s journey from January highs through midyear consolidation shows both opportunity and risk, and investors should pay close attention to it. The post ChatGPT’s 38-Signal SUI Price Forecast Flags Major Breakout Ahead of Key Catalyst appeared first on Cryptonews .
Despite escalating geopolitical tensions in the Middle East, Bitcoin’s price remains surprisingly stable, challenging its reputation as a reliable hedge asset. Industry experts, including NoOnes CEO Ray Youssef, suggest that
BitcoinWorld Soaring Corporate Crypto Adoption Reveals Unexpected Market Strength Are concerns about the crypto market hitting a wall overblown? Recent trends in public companies crypto strategies suggest this might be the case. A notable surge in publicly traded firms adding digital assets to their balance sheets indicates a deeper, more structural commitment than seen in previous cycles, hinting that fears of an imminent, devastating bubble burst might be exaggerated. Why is Corporate Crypto Adoption Gaining Momentum? The shift towards corporate crypto adoption is becoming a significant factor in the digital asset landscape. According to a report cited by The Block, Presto Head of Research Peter Chung highlights that the growing number of public companies accumulating crypto for their strategic reserves is a key indicator against widespread market collapse fears. While the rapid growth of crypto fund managers and their leveraged positions *could* pose risks in a bear market, potentially sparking forced liquidations, Chung views these risks as more manageable compared to the catalysts behind past market downturns, such as the collapse of the Terra ecosystem or the implosion of Three Arrows Capital (3AC). This growing trend isn’t just about speculation; it’s about companies integrating digital assets into their long-term financial planning. They are building crypto strategic reserves , treating assets like Bitcoin not just as volatile trading instruments but as potential hedges against inflation or alternative store-of-value assets. Who is Leading the Charge in Crypto Hoarding? The report points to a substantial number of companies embracing a crypto hoarding strategy. Currently, around 228 public companies have publicly disclosed holding crypto assets. These aren’t just crypto-native firms anymore. Examples include diverse companies like: Metaplanet: A Japanese investment firm aggressively adopting Bitcoin as a reserve asset. GameStop: The well-known video game retailer, exploring various Web3 initiatives including NFTs and potentially holding crypto. Trump Media & Technology Group: The media company behind Truth Social, which has also shown interest in digital asset integration. These firms aren’t merely dipping their toes in; they are fundamentally changing their corporate structures and financial policies to facilitate the acquisition and holding of digital assets. This widespread adoption across different sectors signals a maturing view of cryptocurrencies beyond just a speculative play. Does Corporate Crypto Hoarding Reduce Market Risk? One crucial aspect highlighted by the Presto research is the *way* these companies are holding crypto. Unlike some leveraged players in previous cycles, these corporate entities are rarely using their acquired crypto assets as collateral for loans. This is a critical difference. In past market crashes, forced liquidations triggered by over-leveraged positions collateralized by volatile crypto assets created a domino effect, exacerbating the downturn. Because a significant portion of this new wave of corporate crypto strategic reserves is held without being pledged as collateral, the risk of a systemic liquidation cascade originating from these corporate balance sheets is considerably lower than what was observed during the market crash in 2021 or the crypto lender crisis of 2022. This doesn’t eliminate all risk, of course. The report acknowledges that firms could still be compelled to offload their crypto holdings in the event of an urgent need for cash during a liquidity crisis. However, this would likely be a response to external financial pressures on the company itself, rather than a direct consequence of leveraged crypto positions going underwater, which historically has posed a more systemic crypto market risk . What Does This Mean for the Future of the Crypto Market? The increasing trend of corporate crypto adoption and strategic crypto hoarding by public companies suggests a fundamental shift in how mainstream finance views digital assets. It indicates a growing conviction in the long-term value proposition of cryptocurrencies, moving beyond speculative trading into genuine balance sheet management. While the crypto market remains volatile and subject to various external factors, the presence of a growing base of corporate holders who are not heavily leveraged provides a potential stabilizing force. It suggests that even in a downturn, there might be fewer forced sellers driven purely by margin calls related to their crypto holdings. This doesn’t guarantee the absence of bear markets, but it does imply that the nature of potential future downturns might differ from past cycles, potentially being less driven by the specific type of leverage that caused widespread liquidations in 2021 and 2022. The strategic accumulation by companies building crypto strategic reserves is a quiet but powerful endorsement of the asset class. Conclusion: A Sign of Maturation? The significant increase in public companies crypto holdings, as highlighted by Presto research, offers a compelling counterpoint to pervasive fears of an imminent and devastating market bubble burst. The strategic, unleveraged nature of much of this crypto hoarding by firms like Metaplanet, GameStop, and Trump Media represents a structural change in the market. While risks remain, particularly the potential need for companies to sell for liquidity, the reduced threat of systemic liquidation cascades originating from corporate balance sheets is a positive development. This trend underscores a growing institutional confidence and integration of digital assets, suggesting a market that is perhaps maturing beyond the excesses of previous speculative booms and busts. To learn more about the latest corporate crypto adoption trends, explore our article on key developments shaping corporate crypto adoption institutional adoption. This post Soaring Corporate Crypto Adoption Reveals Unexpected Market Strength first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin has traded above $100,000 for over 40 consecutive days since May 7, a milestone for the top cryptocurrency, which also reached more than 6,000 days of continuous running time this month. BTC Unmoved by Global Events On June 19, Bitcoin logged more than 40 consecutive days trading above the $100,000 mark, a feat achieved
Telegram is rapidly emerging as a dominant Web3 gaming platform, leveraging its TON-integrated wallet to facilitate seamless crypto onboarding, payments, and digital ownership for nearly 1 billion users worldwide. Telegram
BitcoinWorld ALEX DeFi Vulnerability: Brief 23-Minute Glitch Had Limited Impact In the fast-paced world of decentralized finance (DeFi), security is paramount. Recently, the team behind ALEX DeFi , an open-source protocol operating on the Stacks blockchain , reported a brief but notable issue within their system. This incident, while quickly addressed, highlights the ongoing challenges in maintaining robust security in the DeFi space. What Happened with the ALEX Protocol? The vulnerability occurred during a recent upgrade to ALEX’s bug bounty contract. According to the foundation, the issue was present for approximately 23 minutes. During this short window, a flaw existed that could potentially allow a single account to submit duplicate compensation claims. The bug was confirmed after a user reported it to Bitcoin World. It specifically affected a page designed to handle reimbursements for individuals impacted by a previous exploit. This meant the vulnerability was tied to a specific process for compensating past victims, not the core trading or lending functions of the ALEX protocol itself. Understanding the DeFi Vulnerability A DeFi vulnerability like this, even a brief one, can raise concerns. However, the ALEX foundation emphasized that the impact was significantly limited. Why? Specific Condition: Exploiting the bug required a user to perform two very specific actions in sequence: first claim compensation through the old contract, and then attempt another claim via the new, recently upgraded contract. Limited Exploitation: Only one individual was identified attempting to exploit this vulnerability by using two different wallet addresses to make duplicate claims. No Impact on Main Operations: Crucially, the distribution of USDC intended for victims of the previous hacks was not affected by this bug. The compensation process for legitimate claims continued as planned. The Role of Crypto Bug Bounty Programs This incident underscores the importance of crypto bug bounty programs. While the vulnerability was brief, it was detected and reported, allowing the ALEX team to address it swiftly. Bug bounty programs incentivize ethical hackers and users to find and report potential flaws before they can be widely exploited, contributing to the overall security of the ecosystem. The foundation is now in contact with the individual who made the duplicate claims, requesting the return of the erroneously received funds. This demonstrates the protocol’s commitment to rectifying issues and maintaining fairness within its community. Navigating Security on the Stacks Blockchain Building secure protocols on any blockchain, including the Stacks blockchain , requires continuous vigilance. Stacks, which brings smart contracts and decentralized applications to Bitcoin, benefits from Bitcoin’s underlying security but still requires careful smart contract design and auditing for the applications built on top of it, like ALEX. While ALEX has faced significant security challenges in the past, including major exploits in May 2023 and June 2024, the swift identification and limited impact of this recent 23-minute vulnerability show that monitoring and rapid response mechanisms are in place, even during system upgrades. Conclusion: A Brief Scare, Quickly Managed The 23-minute vulnerability in the ALEX compensation system was a brief scare that highlights the inherent risks and the continuous need for vigilance in the DeFi space. The limited window, specific conditions for exploitation, and the fact that it only affected duplicate claims significantly mitigated the potential damage. The incident serves as a reminder that even minor glitches can occur during system upgrades, but effective monitoring and community reporting, facilitated by programs like a crypto bug bounty , are vital for maintaining trust and security in decentralized protocols like ALEX DeFi on the Stacks blockchain . To learn more about the latest DeFi vulnerability trends, explore our article on key developments shaping Stacks blockchain and the broader crypto security landscape. This post ALEX DeFi Vulnerability: Brief 23-Minute Glitch Had Limited Impact first appeared on BitcoinWorld and is written by Editorial Team
Upcoming U.S. stablecoin regulation, particularly the GENIUS Act, is poised to significantly boost institutional interest in the Ethereum ecosystem, according to Etherealize. Clear regulatory frameworks are expected to unlock widespread
XAO DAO has announced plans to launch the first decentralized autonomous organization (DAO) on the XRP Ledger. The Wyoming-based limited liability company (LLC) disclosed this on X, noting that it will bring a new era of decentralized innovation. According to the announcement , XAO DAO is a next-generation governance engine for the XRPL network that will allow users to participate in the network governance. The post highlighted why DAOs are important, noting that they promote transparent processes and empower users to participate actively. XAO DAO is a for-profit entity co-founded by Fabio Marzella and Santiago Velez. With the DAO, XRPL network users can become involved in its governance once they become a member and can vote on allocating network resources to support ecosystem projects and other proposals. Interestingly, the DAO stated there is no plan to launch a token as the core focus is on real utility, and XRP remains the token. It said: “Our focus is on real utility, governance, grants, and community. Not meme charts and mystery pumps. Show up. Get involved. Help build. That’s the real value to help shape the future of the XRPL.” Meanwhile, the post explained how voting would work, noting that voting value will be based on the amount of XRP held at the time of the snapshot, with all votes mattering equally. XAO DAO is yet to launch, but those interested in becoming members can already sign up for the waitlist. How will the XAO DAO function While the XAO DAO post focused on what the DAO brings to XRPL, popular XRP investor WrathofKahneman on X explained its purpose. He stated that XAO DAO is expected to provide a governance mechanism for distributing the 1 billion XRP that Ripple allocated to develop the XRPL ecosystem. So far, Ripple has been handling the allocation of the grants to projects on XRPL. However, a newly formed XRPL Foundation is now set to take over that responsibility, and the Foundation will use the XAO DAO governance system to determine who gets the grant. Interestingly, the XRPL Foundation’s bylaws give XAO DAO a board. The DAO, along with XRPL Commons, XRPL Labs, and Ripple Labs, are the founding members of the XRPL Foundation. Meanwhile, XAO DAO founder Santiago Velez has explained that the DAO governance application will use both XRPL and the XRPL Ethereum Virtual Machine (EVM) sidechain. While the XRPL will be used to record membership of the LLC, the sidechain will be used to mint and burn governance tokens for each proposal and vote. Decentralized governance could boost XRPL DeFi With XRPL now set to support decentralized governance, many people in the XRP community have welcomed the news as a big step towards full decentralization. For them, it is a sign of maturity and could finally boost innovation and DeFi activity on XRPL. While the network has been around for 13 years, it has struggled to generate significant activity compared to its peers. However, recent developments suggest that this could change. Since the XRPL APEX Conference, the network has seen several integrations and more upcoming products. Circle USDC recently expanded to the network, while Ondo Finance also launched tokenized US treasuries. Its EVM sidechain is also set to deploy soon. Meanwhile, XRP itself is also positioned to increase adoption by TradFi and DeFi. On June 18, asset manager 3iQ launched an XRP exchange-traded fund (ETF) on the Toronto Stock Exchange. Several DeFi protocols are also developing products around XRP, and Flare Network plans to introduce FXRP on its mainnet. Firelight protocol also wants to launch a liquid staking derivative of the token stXRP. All the interest and developments concerning XRPL and XRP have already boosted the network activity, with a 3-month average for active addresses now at 295,000. XRP has also held steady despite recent volatility and is up more than 1% today. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot