Leading ETF issuers have petitioned the U.S. Securities and Exchange Commission (SEC) to reinstate the “first-file” principle for Bitcoin ETF approvals, aiming to restore fairness and predictability in crypto regulation.
According to CoinGecko data on June 7th, Upbit’s trading volume surged to an impressive $1.347 billion within the last 24 hours. Notably, the MASK/KRW trading pair dominated the Korean won
Binance research highlights a powerful wave of institutional crypto adoption, fueled by SEC clarity, ETF innovation, and Circle’s IPO reshaping Wall Street’s digital asset strategy. Binance Flags Institutional Crypto Boom as ETFs Rise, Circle Lists, and SEC Clears Path Crypto exchange Binance published new research on June 6 highlighting a surge in institutional adoption of
ALEX, a prominent DeFi platform built on the Stacks blockchain, has suspended all operations following a significant security breach that compromised user assets. The platform is actively collaborating with major
Arctic Pablo Coin’s presale nears its conclusion, presenting a rare opportunity for investors to capitalize on a meme coin with a potential 2,862.96% ROI. Simultaneously, Myro’s surge on the Solana
Gemini’s confidential IPO filing with the SEC marks a pivotal step toward public market entry, signaling growing institutional interest in regulated crypto exchanges. The move aligns Gemini with peers like
As political tensions between US President Donald Trump and Elon Musk escalated yesterday, the Bitcoin (BTC) market experienced a sharp shift in sentiment, with the funding rate on Binance flipping from positive to negative within hours. Bitcoin Funding Rates Turn Negative On Binance According to a CryptoQuant Quicktake post by contributor Darkfost, BTC funding rates on Binance have once again turned negative, even as the top cryptocurrency continues to trade above the $100,000 mark at the time of writing. Related Reading: Bitcoin Upward Momentum ‘Highly Likely’ To Continue, On-Chain Data Shows The analyst attributed the sudden reversal in funding – from +0.003 to -0.004 – to the public spat between Trump and Musk on social media. This rapid shift reflects growing fear among market participants amid heightened uncertainty. Following the sentiment shift, BTC fell from the mid-$100,000 range to a low of $100,984, according to CoinGecko. Over the past two weeks, the asset has declined by 4.1%. That said, the current dip may offer a prime buying opportunity to investors. If Bitcoin rebounds strongly, it could result in a strong resurgence in buying pressure, leading to a short squeeze that may propel BTC’s price further up. Darkfost highlighted that there have been three instances during the current market cycle when BTC witnessed such deep negative funding. Notably, each of these instances were followed by a strong upward move in the cryptocurrency. For example, on October 16, 2023, BTC dipped into negative funding territory before rallying from $28,000 to $73,000. A similar pattern played out on September 9, 2024, when the asset surged from $57,000 to $108,000. The most recent case was on May 2, 2025, when BTC jumped from $97,000 to a new all-time high (ATH) of $111,000. If history repeats, then the market may see a new ATH for BTC in the coming weeks. Darkfost noted: Such extreme readings often mark moments of maximum pessimism, precisely the kind of sentiment that can precede a strong bullish reversal when the short term negativity is gone. Large Investors Increase BTC Exposure Meanwhile, Bitcoin whales – wallets holding large amounts of BTC – continue to accumulate at a rapid pace. Notably, new whales have acquired BTC worth $63 billion, reflecting strong confidence in the asset’s near-term prospects. Related Reading: Bitcoin Hash Ribbons Indicating Prime Buying Opportunity, Analyst Says Supporting this bullish outlook, recent analysis by QCR Capital indicates that large investors expect BTC to surge to as high as $130,000 by the end of Q3 2025. Additionally, the realized cap held by long-term holders has surpassed $20 billion, reinforcing positive sentiment. That said, some analysts urge caution, expecting BTC to crash below $100,000 before resuming its bullish momentum. At press time, BTC trades at $104,069, down 0.5% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Ethereum whales slow accumulation amid tightening profits. Is capitulation next?
Amid rising global tensions and a very public clash between Elon Musk and US President Donald Trump, Bitcoin remains resilient. The market briefly pulled back following the fallout from their confrontation, which sparked political uncertainty and triggered volatility across risk assets. Despite the dip, BTC is still holding above key support levels and consolidating just below its all-time high. However, growing speculation now centers around a potential shift in market dynamics. Many investors and analysts believe that Bitcoin dominance may have peaked, signaling a transition toward a more favorable environment for altcoins. According to top analyst Ted Pillows, BTC dominance has likely topped for this cycle, with large-cap altcoins beginning to recover rapidly. This trend is viewed by many as one of the earliest indicators of a potential altseason—a phase where altcoins outperform Bitcoin in both price and momentum. If confirmed, this transition could mark the beginning of a new chapter in the current market cycle, with Ethereum, Solana, and other major altcoins poised to capture increased investor attention. For now, Bitcoin’s ability to hold strong while altcoins rally sets the stage for a dynamic and potentially bullish market in the weeks ahead. Bitcoin Consolidates As Altcoins Begin to Shine Bitcoin is holding steady above the $103,000 level after a turbulent period marked by global tensions, political uncertainty, and increased market volatility. The leading cryptocurrency continues to consolidate just below its all-time high of $112,000, forming a crucial range between the $100,000 and $109,000 levels. This zone is becoming a key battleground between bulls and bears, as investors wait for a decisive breakout. Despite bearish sentiment creeping in amid rising US bond yields and geopolitical noise, Bitcoin has shown resilience. The market’s ability to maintain support above $100K reflects underlying strength, even as short-term momentum softens. However, according to analyst Ted Pillows, the next move may not come from Bitcoin at all. Pillows points out that Bitcoin dominance has likely peaked for this cycle, and large-cap altcoins are beginning to outperform. This trend historically signals the early stages of altseason—a period when altcoins, particularly Ethereum and other top-tier projects, gain traction and deliver stronger returns relative to BTC. The increasing strength of large caps is often a precursor to broader altcoin rotation, with mid and low-cap assets following. While Bitcoin still commands the spotlight, this shift in dominance suggests investors are becoming more confident in exploring risk-on opportunities. If BTC holds its ground while alts continue gaining, the next few months could see renewed momentum across the crypto landscape. The setup is forming for a dynamic market phase, where Bitcoin consolidates and altcoins surge. BTC Weekly Price Action: Bulls Still Hold the Line Bitcoin is currently trading at $103,732 on the weekly chart after pulling back from its all-time high near $112,000. The price continues to consolidate just below the key resistance zone marked around $109,300. Despite the retracement, BTC is holding above the $103,600 level, which aligns with strong historical demand and the breakout zone from earlier in May. The weekly candle structure remains bullish, with the price well above the 34-week EMA at $89,874 and all major SMAs (50/100/200), confirming that Bitcoin is still in a macro uptrend. However, the rejection from the $109K level for a second time suggests the market is struggling to gather enough momentum to push into price discovery. Volume on the latest pullback has not spiked significantly, which signals that the current correction may be more of a cooling-off period rather than a full trend reversal. As long as BTC stays above the $100K–$103K range, the bullish case remains intact. A weekly close back above $109,300 would be a strong signal that bulls are ready to target new highs. Until then, investors should watch the $100K psychological support closely, as a break below it could shift momentum back in favor of bears. Featured image from Dall-E, chart from TradingView
OnChain Lens data reveals a significant movement in the Solana ecosystem, as a prominent whale recently redeemed 25,008 SOL, valued at approximately $3.7 million. The majority of these tokens, totaling