Walmart and Amazon consider launching dollar-pegged stablecoins to optimize payments. Regulatory hurdles and legislation like the GENIUS Act pose challenges for stablecoin issuance. Continue Reading: Walmart and Amazon Launch Their Cryptocurrency Pursuit! The post Walmart and Amazon Launch Their Cryptocurrency Pursuit! appeared first on COINTURK NEWS .
In the race to dominate institutional Bitcoin ( BTC ) holdings, BlackRock is rapidly pulling ahead of the pack. Through its iShares Bitcoin Trust ( IBIT ), the asset management giant has quietly built one of the largest BTC positions in the world. According to fresh data retrieved by Finbold from Arkham Intel, BlackRock now controls 665,938 BTC, currently valued at approximately $69.83 billion as of Friday, June 13, 2025. BlackRock Bitcoin holdings. Source: Arkham That position makes up an estimated 94.8% of BlackRock’s $73.66 billion crypto portfolio, showing a clear focus on Bitcoin over other digital assets, despite the firm’s daily purchases of Ethereum in the last two weeks . BlackRock is now the second-largest holder of Bitcoin globally With this level of accumulation, BlackRock has moved ahead of major players such as Binance and MicroStrategy. Its IBIT fund is now the second-largest holder of Bitcoin globally. Only the legendary wallet linked to Bitcoin’s elusive creator, Satoshi Nakamoto, holds more. BlackRock’s aggressive move into Bitcoin is part of a broader strategy. The company aims to become the world’s leading crypto asset manager by 2030. In a corporate presentation published Thursday, BlackRock stated its target of managing at least $50 billion in digital assets within the next five years. Bitcoin remains the foundation of this goal. Meanwhile, Bitcoin itself continues to attract institutional interest. The cryptocurrency is trading above $104,000 at press time. As regulatory clarity improves and more capital flows into the market, BlackRock’s growing share of Bitcoin ownership may reshape the landscape at the highest levels of global finance. Featured image via Shutterstock The post Here’s how much Bitcoin BlackRock now holds appeared first on Finbold .
U.S. retail powerhouses Walmart and Amazon are reportedly weighing the launch of their own dollar-pegged stablecoins. Per a June 13 WSJ report , the companies are said to be exploring how stablecoin launch and integration could help streamline payment systems, significantly cut processing fees, and reduce reliance on the traditional banking infrastructure. By issuing their own tokens, both firms could shift massive volumes of daily transactions onto the blockchain, offering more efficient payment flows. Citing sources familiar with the matter, the report also noted that other major players, including Expedia Group Inc. and airlines in the United States, are considering similar stablecoin initiatives. You might also like: DTCC joins stablecoin race, awaits clarity from U.S. lawmakers Amazon recently joined tech peers like Microsoft and Meta in opting against the proposal to hold crypto giant Bitcoin in its treasury. The latest report, while brief, suggests that the e-commerce giant likely prefers stablecoins as a more practical and stable path for integrating crypto-like assets into their financial ecosystems. Leading stablecoins USDT ( USDT ) and USDC ( USDC ) have already demonstrated strong utility in global payments. Tether’s USDT recently surpassed $155 billion in circulation and the surge in adoption highlights that the assets can serve as efficient, low-cost alternatives to traditional options. Meanwhile, ride-hailing company Uber also recently signaled interest in the use of stablecoins to streamline global payments. Earlier this month, Uber CEO Dara Khosrowshahi revealed the company is in the “study phase” of evaluating stablecoins as a potential tool for international transactions. E-commerce infrastructure provider Shopify will also reportedly begin allowing merchants to accept payments in USDC starting later this month, as it advances efforts to integrate the stablecoin in collaboration with Coinbase and Stripe. The present total supply of stablecoins exceeds $239 billion, all held across 150 million wallet addresses. You might also like: Tether mints $1b USDT on Tron: liquidity flood incoming?
Israeli military’s recent relaxation of safety protocols has reignited public activities, coinciding with a notable 2.3% surge in Bitcoin, reflecting shifting market dynamics amid geopolitical developments. This easing of restrictions
TRON has kicked off the minting of World Liberty Financial’s USD1 stablecoin on its blockchain, coinciding with a major governance update. TRON ( TRX ) DAO has just announced the first minting of World Liberty Financial’s USD1 stablecoin on its blockchain. The move follows an announcement made on the Token2049 stage on May 1, where TRON founder Justin Sun revealed the network’s collaboration with the Trump-backed crypto to integrate USD1 into the TRON ecosystem. The minting began early on June 11, marked by an X post from TRON founder Justin Sun, who called it a “giant leap for stablecoins.” Backed by short-term U.S. government treasuries, dollar deposits, and other cash equivalents, WLFI unveiled USD1 at Token2049 in Dubai last month, positioning it as a key component in settling MGX’s $2 billion investment in Binance. With the latest integration on TRON, USD1 is now available across three networks: TRON, Binance Smart Chain ( BNB ), and Ethereum ( ETH ). You might also like: TRON kicks off vote on reducing TRX block and voting rewards to boost deflation The minting of USD1 coincides with a major development within the TRON ecosystem. Today, TRON finalized Proposal No. 102 , which cuts block rewards by 50% and voting rewards by 20%. The proposal passed overwhelmingly, with 25 out of 27 votes in favor. As a result, block rewards will decrease from 16 TRX to 8 TRX, and voting rewards will drop from 160 TRX to 128 TRX. This aims to increase TRX’s annual deflation rate from 0.85% to 1.29%, which could potentially put upward pressure on TRX’s price over time by reducing the token supply. As of June 13, TRX is trading near $0.27, steadily following an ascending channel that has been driving its price momentum since mid-March. You might also like: World Liberty Financial’s USD1 to integrate with Tron network
Pakistan has unveiled an ambitious plan to use its 2,000 megawatts of excess electricity for bitcoin mining and artificial intelligence (AI) data centers in a bid to reduce energy waste and accelerate the country’s digital transformation. Pakistan Uses 2,000 MW of Surplus Electric Power for Bitcoin Mining, Artificial Intelligence to Accelerate Technological Development As of March 2025, Pakistan's total electricity generation capacity will be 46,600 MW, a slight increase from the previous year. However, a significant portion of this capacity remains idle at 14%, especially during low demand periods in winter when national demand can drop to as low as 12,000 MW. To address this inefficiency, the Pakistani government plans to repurpose underutilized thermal power plants and aims to convert excess electricity into revenue-generating opportunities through high-value digital assets and computing power. In the first phase of the initiative, which is launched in 2025, 2,000 MW has been allocated to support the development of crypto mining facilities and AI infrastructure. Pakistan plans to integrate renewable energy sources such as solar, wind and hydropower into these activities in the future. This shift represents a long-term step towards sustainable energy use within its emerging digital economy. This strategy not only aims to ease the financial burden of capacity payments for idle facilities but also prepares Pakistan to join the global race for blockchain and AI innovation. *This is not investment advice. Continue Reading: Pakistan Announces Investment in Bitcoin Mining Amid Tensions with India! Here Are the Details
BitcoinWorld GameStop Boosts Convertible Note Offering to $2.25B After Strategic Bitcoin Buy In a significant financial maneuver, the popular American video game retailer GameStop has announced a substantial increase in its planned private offering of convertible senior notes. This move comes shortly after the company revealed a notable investment in the cryptocurrency market, specifically Bitcoin. GameStop’s Capital Raise: What Happened? According to reports, GameStop has raised the target amount for its planned private offering of convertible senior notes from an initial $1.75 billion to a striking $2.25 billion . This information, initially shared by Walter Bloomberg on X, signals GameStop’s intention to secure a considerable amount of capital through this debt instrument. But what exactly are convertible senior notes? Think of them as a type of debt that a company issues, similar to a bond. However, they come with a twist: the holder has the option to convert the debt into a predetermined number of the company’s shares (in this case, GME stock) under specific conditions, usually when the stock price reaches a certain level. They are ‘senior’ because they rank higher than some other types of debt in the event of bankruptcy. For GameStop, issuing convertible notes allows them to raise funds, potentially at a lower interest rate than traditional debt because of the conversion option’s value. It also provides a future possibility of converting debt into equity, which can clean up the balance sheet, although it dilutes existing shareholders if the conversion happens. Connecting the Dots: GME’s Bitcoin Acquisition This increased capital raise follows closely on the heels of another major financial decision by GameStop: a significant Bitcoin investment. The company recently disclosed that it purchased 4,710 BTC between May and early June. At current market prices, this represents a substantial allocation of capital into the cryptocurrency space. Why would a video game retailer like GameStop invest in Bitcoin? Several potential reasons could be at play: Treasury Management: Diversifying corporate cash reserves away from traditional low-yield assets. Inflation Hedge: Viewing Bitcoin as a potential store of value against inflation. Strategic Alignment: Signalling interest in blockchain technology and catering to a tech-savvy, potentially crypto-holding customer base. Future Integration: Exploring possibilities for accepting crypto payments or engaging with NFTs/Web3 initiatives (though no specific plans were announced with this purchase). This move places GameStop alongside a growing list of public companies that have added Bitcoin to their balance sheets, though it’s particularly notable for a company primarily known for brick-and-mortar retail. What Does This Mean for GameStop and Its Future? The decision to raise an additional $500 million through convertible notes, bringing the total offering to $2.25 billion, shortly after a major crypto investment , suggests GameStop is actively pursuing significant financial strategies. While the specific use of the funds from the note offering hasn’t been detailed, capital raises of this magnitude are typically for general corporate purposes, funding operations, potential acquisitions, or strategic investments. Here’s a look at potential implications: Increased Financial Flexibility: The capital provides GameStop with more resources to fund its ongoing transformation efforts, invest in e-commerce, or explore new business avenues. Investor Sentiment: The market reaction to both the Bitcoin purchase and the capital raise will be closely watched. Some investors may applaud the strategic diversification and capital strengthening, while others might be wary of the potential dilution from convertible notes or the volatility associated with crypto assets. Future Strategy: These moves could hint at GameStop’s long-term vision, potentially involving a deeper dive into digital assets or other initiatives requiring significant funding. The combination of a large Bitcoin buy and a boosted convertible note offering indicates GameStop is navigating a period of significant financial activity and strategic shifts. How these pieces fit together and impact the company’s performance and the value of GME stock remains a key question for investors and market observers. Conclusion: Navigating Change GameStop’s recent actions – a substantial Bitcoin investment and a significantly increased convertible note offering – underscore the company’s efforts to adapt and evolve. The $2.25 billion capital raise provides a war chest for future endeavors, while the crypto purchase signals a potential embrace of digital asset trends. These are bold steps that will likely shape GameStop’s trajectory in the coming months and years, making it a company to watch closely in both the retail and digital finance landscapes. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin institutional adoption . This post GameStop Boosts Convertible Note Offering to $2.25B After Strategic Bitcoin Buy first appeared on BitcoinWorld and is written by Editorial Team
Key takeaways : The XRP price prediction suggests that the coin’s price will rise to $3.94 by the end of 2025. The growing adoption rate of the XRP Ledger Protocol could push XRP to $9.84, with a possible maximum trading value of $10.50 in 2028. In 2031, the target price for XRP is between $15.75 and $17.06, with an average price of $16.41. XRP has a strong community of supporters and developers and continues to see tremendous potential in Ripple’s technology and products. Despite short-term price fluctuations and a bear market, many analysts believe XRP has a bright future. Whether it will reach new highs or continue to grow steadily remains to be seen, but this crypto asset will undoubtedly play an important role in global financial institutions. So, how high can XRP realistically go? Will XRP reach 5 dollars? Let’s answer these questions in our XRP price prediction. Overview Cryptocurrency Ripple Token XRP Price $ 2.137 (-4.82) Market Cap $125.17 Billion Trading Volume (24 Hour) $4.37 Billion Circulating Supply 58.81B XRP All-time High $3.40 Jan 07, 2018 All-time Low $0.002802 July 07, 2014 24-hour High $2.25 24-hour Low $2.10 XRP price prediction: Technical analysis Metric Value Price Volatility 4.36% 50-Day SMA $2.31 200-Day SMA $1.889472 Sentiment Bearish Fear & Greed 61 (Greed) Green Days 14/30 (47%) XRP price analysis: XRP degrades to $2.137 as bears continue to lead XRP price analysis confirmed a downtrend at $2.137. Cryptocurrency loses 4.82% of its value. XRP coin prices seek a support level at $2. On June 13, 2025, XRP price analysis revealed a decreasing trend for the cryptocurrency. The coin value has decreased to $2.137 in the past 24 hours. Concurrently, the cryptocurrency has lost up to 4.82% of its worth today. This creates unfavorable circumstances for investors, as the cryptocurrency is now losing value. During the past three trading sessions, XRP experienced negative sentiment, but a few hours back, it received some degree of support at $2.089, a level that the coin dipped to momentarily but has since rebounded. XRP price analysis on the daily timeframe The one-day price chart of the XRP coin confirmed a downward trend for the cryptocurrency. The XRP/USD value has depreciated to a low of $2.137 for the day. Red candlesticks on the price chart signify rising selling activity. The distance between the Bollinger Bands defines the volatility. This distance is slowly increasing, leading to high volatility. Moreover, the upper limit of the Bollinger Bands indicator, acting as resistance, has shifted to $2.368, while its lower limit, serving as support, has moved to $2.088. XRP/USD 1-day price chart. XRP price analysis shows decreasing volatility The Relative Strength Index (RSI) indicator is present within the neutral region. The indicator’s value has decreased to index 41.77 in the past 24 hours. The descending curve on the RSI graph reflects a rising selling momentum. If the bearish momentum continues to intensify, further downside is possible soon. XRP price analysis on the 4-hour chart The four-hour price analysis of the XRP coin also confirmed a bullish trend in the market. The XRP/USD value has increased to $2.138 in the past few hours. The increasing volatility signals a higher chance of an upcoming reversal or further price escalation. The Bollinger Bands are diverging, leading to increasing volatility. This uptick in volatility signifies a higher market unpredictability. Moving ahead, the upper Bollinger band has shifted to $2.371, indicating the resistance point. Conversely, the lower Bollinger band has moved to $2.127, securing the support. XRP/USD 4-hour price chart The RSI indicator is trending within the neutral region for now. Its value has been increased to index 31.52 in the last four hours. This increase is represented by an upward RSI curve. The bulls have been ruling the market since the last eight hours. This has resulted in bringing some degree of stability for the investors. XRP technical indicators: Levels and action Daily simple moving average (SMA) Period Value ($) Action SMA 3 2.20 SELL SMA 5 2.29 SELL SMA 10 2.25 SELL SMA 21 2.28 SELL SMA 50 2.31 SELL SMA 100 2.25 SELL SMA 200 1.889472 BUY Daily exponential moving average (EMA) Period Value ($) Action EMA 3 2.26 SELL EMA 5 2.24 SELL EMA 10 2.20 SELL EMA 21 2.20 SELL EMA 50 2.28 SELL EMA 100 2.27 SELL EMA 200 1.969636 BUY What to expect from XRP price analysis? Ripple price analysis gives a relatively bearish prediction regarding the ongoing market events. The coin value has decreased to a low of $2.137 over the last 24 hours. The coin has lost up to 4.82 percent of its value. Technical indicators give strong sell signals, and the price charts also continue to project a bearish market scenario for the day. Is XRP a good investment? XRP, a cryptocurrency specifically designed for quick and cost-effective cross-border transactions, holds promise in global finance. The easing of regulatory hurdles for Ripple and the rising adoption might boost XRP price. Additionally, several recent acquisition and CBDC development make XRP a good investment option in the long-term. As with any investment, the outlook for XRP remains uncertain, necessitating a cautious approach and thorough due diligence. Why is XRP down? The XRP/USD crypto pair price has decreased as strong selling momentum took hold, plunging the price to $2.2137 during the day. The RSI decreased to 41.77 at the same time and is in the neutral territory. How much will XRP cost in 2025? XRP is expected to trade at an average price of $3.28 by the end of 2025. Will XRP reach $5? For XRP to reach $5, its value would need to double. Considering the current bullish trend and XRP’s price action, a surge to $5 by the middle of next year is not entirely out of the question, particularly if demand for XRP tokens continues to rise and its growth trajectory remains consistent. However, it’s crucial to remember that XRP’s all-time high stands at $3.84, achieved on January 7, 2018. Can XRP reach $20? According to Ripple’s price prediction, XRP has a lesser chance of reaching $20 by 2031. However, it is expected to reach this level if the XRP ecosystem adoption by major financial institutions continues, making it a good option to buy XRP. Will XRP reach $100 dollars? Though there are rumors of XRP reaching $100 in the market, and some pro-XRP analysts are also promoting it, many are raising questions about this possibility. XRP may not reach $100 in the near future, at least. Will XRP reach $1000? If one XRP coin is worth $1000, its market cap must be more than $100 trillion. Comparatively, the total global stock market cap is about $110 trillion. Therefore, it is unlikely that XRP will reach $1000, based on current market dynamics. Does XRP have a good long-term future? XRP is expected to increase in value gradually over the coming years, giving good yields to XRP holders and institutional investors. The coin is trading at five times its value from last year, and it is expected to reach the highest price of $17.06 by 2031. This makes it a valuable asset for multiple gains after significant market capitalization with continuous efforts by Ripple Labs. However, regulatory uncertainties still linger with the Ripple lawsuit. Considering these factors, investors must carry out their own research. Recent news/opinions on the Ripple Network Nasdaq-listed VivoPower has released plans to launch an XRP-focused treasury strategy. VivoPower has secured $121 million in private share placement for the strategy, which will make it the first publicly traded company to adopt XRP as a primary treasury reserve asset. Read more about it here . VivoPower announces XRP-focused digital asset treasury strategy. The U.S. Securities and Exchange Commission (SEC) has started reviewing WisdomTree’s US spot ETF proposal. SEC will also assess market manipulation risks and investor protection. If approved, it will be the first US spot XRP ETF, which will allow investors to invest in XRP. Read more about it here . XRP price prediction June 2025 According to XRP price prediction, in June 2025, XRP could reach a maximum price of $2.72. The average trading price is expected to be $2.37 for the month, while the lowest it can go as per XRP cost estimation is $1.72, considering the current XRP sentiment. Period Potential Low ($) Average Price ($) Potential High ($) June 2025 $1.72 $2.37 $2.72 XRP price prediction 2025 The XRP price prediction for 2025 suggests that the price could reach a maximum of $3.94 by the end of the year, considering its technological utility and enhancement of cross-border payments. We expect an average trading price of $3.28 and a floor price of $1.50. Period Potential Low ($) Average Price ($) Potential High ($) XRP price prediction 2025 $1.50 $3.28 $3.94 XRP price predictions 2026-2031 Year Minimum Average Maximum 2026 $4.81 $5.47 $6.13 2027 $7.00 $7.66 $8.31 2028 $9.19 $9.84 $10.50 2029 $11.38 $12.03 $12.69 2030 $13.56 $14.22 $14.88 2031 $15.75 $16.41 $17.06 XRP price prediction 2026 The XRP price predictions for 2026 suggest that the XRP cryptocurrency could reach a minimum trading price of $4.81 and an average price of $5.47. The XRP price forecast further suggests that the Ripple coin is estimated to reach a maximum of $6.13. XRP price prediction 2027 Ripple XRP price prediction for 2027 estimates a minimum value of $7.00, which is quite a bit higher than the current XRP price, and an estimated average XRP price of $7.66. The maximum price forecast for 2027 is $8.31. Ripple price prediction 2028 The Ripple price prediction for 2028 shows a minimum price of $9.19. The XRP price can reach a maximum level of $10.50; the estimated average trading value will be $9.84 through 2028. XRP price prediction 2029 The XRP price prediction for 2029 estimates that XRP will attain a minimum price of $11.38, an average trading price of $12.03, and a maximum price of $12.69. XRP price prediction 2030 XRP price prediction for 2030 suggests a minimum price of $13.56 and an average expected trading price of $14.22 throughout the year 2030. The maximum forecasted Ripple price for 2030 is set at $14.88. XRP price prediction 2031 The XRP price prediction for 2031 is a minimum price of $15.75 and an average price of $16.41. The maximum forecast price for 2025 is $17.06, as crypto analysts expect investors to continue buying XRP as crypto assets. XRP price prediction 2025 – 2031 XRP market price prediction: Analysts’ XRP price forecast Firm Name 2025 2026 DigitalCoinPrice $4.78 $5.59 Coincodex $3.44 $3.58 Cryptopolitan’s XRP price prediction Our forecast shows that XRP will achieve a high price of $3.94 near the end of 2025. In 2026, the XRP price will range between $4.81 and $6.13. In 2031, the cryptocurrency will range between $15.75 and $17.06, with an average price of $16.41. It is important to consider that predictions are not investment advice. Professional consultation is suggested, or you can carry out your research. XRP historic price sentiment Before 2017, the asset’s value hovered around $0.01; in April 2017, it rose to $0.05; the gradual climb soon continued as it reached $0.25 in May, showing a positive price action as Ripple continued to excel. XRP price history: Coinmarketcap Towards the end of 2019, XRP price stabilized at around $0.30 and did not cross the $0.5 mark throughout the year. However, the bullish run of 2020 pushed the coin’s value to a peak price of $0.8, gaining investor interest before finishing the year at $0.66. Early 2021 was supposed to be bullish for XRP, but the SEC announced a lawsuit that derailed investors. Nonetheless, XRP beat the odds and surged above $1.5 during the year, but by 2022, it plummeted significantly to as low as $0.31. XRP started 2023 at $0.335, and on July 13, it almost doubled its value in a steep spike. It shot from $0.470 to $0.814 while swinging towards $0.9 for a few hours. A partial victory against the SEC triggered the price jump, surging the trading volume. XRP closed 2023 at about $0.62. In 2024, XRP has so far ridden the market wave. The bears earlier on and then a bullish price movement by mid-March resulted in a market price of $0.72, according to data from the cryptocurrency market. In July, XRP traded between $0.418 and $0.658, showing a good recovery. However, the coin went under bearish pressure at the start of August, falling back down to the $0.550 range as per crypto market records showing high volatility. In September 2024, XRP recovered up to the $0.642 level, but the price went down to the $0.500 range in October. A tremendous bullish impulse was observed in November when XRP touched the $1.96 mark, and it reached $2.72 on December 2, 2024. In January 2025, XRP reached a peak price of $3.19 and traded near the $2.90 level in February. It stepped down to $2.1 in March and to $1.79 in April. By the middle of May, XRP touched $2.57; however, near the start of June, it is trending around the $2.18 range, as the market sentiment tilts towards the negative side.
Anthony Pompliano, a prominent figure in the cryptocurrency sector, is reportedly preparing to introduce a new Bitcoin investment vehicle with a target raise of $750 million, according to the Financial
The post Michael Saylor’s Bitcoin “Hope” Tweet Goes Viral Amid Market Recovery appeared first on Coinpedia Fintech News Michael Saylor just broke his routine and it’s turning heads in the crypto world. The MicroStrategy Executive Chairman posted his daily Bitcoin tweet earlier than usual, sharing a bold message: “Bitcoin is hope.” Alongside the tweet, he included an AI-generated image of himself standing in a desert next to a blooming cactus – a striking metaphor for Bitcoin’s resilience even in the harshest conditions. The timing? Spot on. Bitcoin has just started to recover from last week’s steep 4.2% drop, rising 1% today to trade at $104,720 ( live rate ). As always, Saylor’s message lands when it matters most. Bitcoin is Hope pic.twitter.com/iE5w70c69O — Michael Saylor (@saylor) June 13, 2025 “Bitcoin is Hope”: A Vision for a New Financial Era Saylor’s tweet, “Bitcoin is hope,” reflects his belief that the cryptocurrency can change people’s lives. Echoing Max Keiser, Saylor asserts that the use of Bitcoin in place of fiat money might put an end to international conflicts arising from monetary systems. Further, his tweet, “If you have everything, you don’t need Bitcoin,” highlights the cryptocurrency’s ability to help those in need. Saylor’s vision of a decentralized financial future is becoming solid as Bitcoin stabilizes following market tremors caused by Middle East tensions. MicroStrategy’s Bitcoin Empire Grows MicroStrategy, under Saylor’s leadership, continues its aggressive Bitcoin accumulation. The company recently added $100 million worth of BTC, bringing its total holdings to 582,000 BTC, valued at over $61 billion. This week, MicroStrategy increased its STRD Bitcoin-backed shares offering on Nasdaq from $250 million to $1 billion, reinforcing its position as a Bitcoin treasury leader. In a Nutshell: Michael Saylor’s “ Bitcoin is hope ” tweet and MicroStrategy’s $100M Bitcoin purchase, totaling 582,000 BTC, signal strong optimism as Bitcoin rebounds 1% to $104,720. The upsized $1B STRD Bitcoin-backed shares offering on Nasdaq just talks about Saylor’s vision of a DeFi future.