In an incredible event of fortune and timing, a lone Bitcoin miner has successfully mined a whole block all by themselves, with no help from a mining pool or a sponsor like a bank or corporation. They earned a reward of 3.151 BTC, a windfall presently worth over $330,000. These underdog events shine a light on the resilient decentralization of the Bitcoin network, even if some may now use that phrase as a euphemism for its security flaws. In the early morning hours, a rare event took place that caught the crypto community’s eye and kicked off discussions about whether solo mining is a feasible option these days, given that the mining landscape seems dominated by industrial-scale mining operations. A One-in-a-Million Moment The block, officially mined at 4:48:18 a.m. UTC, was verified as valid and included in the Bitcoin blockchain. The total reward of 3.151 BTC consisted of the standard extbf{3.125 BTC block subsidy}, plus an additional extbf{0.026 BTC in transaction fees} amounting to roughly $2,761. The block itself measured 1.66 megabytes in size and included a standard assortment of transactions. This achievement was accomplished by a solo miner even while the Bitcoin network’s total hashrate was over 600 exahashes per second. Most of the computational work that was assembled from the many mining operations that were running at that time was directed towards solving the puzzles that, when solved, would produce valid Bitcoin blocks. The odds of a single miner successfully completing one of those puzzles and finding a valid block were, of course, exceedingly low. **Bitcoin Miner Hits the Jackpot!** Solo CK mined block 899,826 on June 5, 2025, scoring 3.151 BTC (~$330,386)! Here's the breakdown: • Mined at 4:48:18 a.m. UTC • Reward: 3.125 BTC subsidy + 0.026 BTC fees ($2,761) • Block size: 1.66 MB pic.twitter.com/vJuQoh4YAW — Ahmed Osman (@Ahmedot2Osman) June 5, 2025 Though the exact hardware used by the miner remains unspecified, the consensus among experts is that the conditions—successful mining, that is—would necessitate powerful rigs like the Antminer S21 or WhatsMiner M60, both well-regarded for not just their efficiency, but their sheer output of hash power. Even so, elite equipment alone doesn’t tip the scales toward success; the miner has to have a significant chunk of the global hasrate under his influence. Why Solo Mining Is Rare — and Risky In the domain of Bitcoin mining, the majority of players opt to associate themselves with mining pools, for instance, F2Pool, AntPool, or ViaBTC. These mining assemble the computational might of thousands of miners, dishing out smaller, consistent rewards instead of the solitary, do-or-die nature of mining all by oneself. Mining alone means doing everything a miner must do to find a block and then submitting that block to the network. If a solo miner finds a block, the reward is theirs and theirs alone. Obviously, this is a tremendous payday. And for us to even talk about it here, it must happen in the real world. So, let’s look at what it takes to mine alone, and after that, we’ll consider what it means to have a real-life payday scenario. These infrequent solo victories do happen, though, as demonstrated by the most recent case of a miner using Solo CK, a known solo mining pool that still preserves the spirit of decentralized mining by enabling individuals to point their hardware toward block discovery without profit sharing. A Testament to Bitcoin’s Decentralization Even though industrial mining farms and large, centralized pools of hashing power are on the rise, the occasional story of a successful solo Bitcoin miner is a powerful reminder that the Bitcoin network’s decentralized architecture is alive and well. This is a story of a successful solo Bitcoin miner. By “successful,” I mean this individual consistently brings in Bitcoin rewards (“mined” a few himself, but has “earned” quite a few more through participating in the Bitcoin network). By “network,” I mean the assemblage of many computers all over the planet, doing many computations. By “decentralized architecture,” I mean a system of many nodes by which no one node, or set of nodes, can control the whole system. The miner’s triumph has unleashed torrents of excitement and admiration throughout online spaces. It also resurrects a vital discussion: even in a massively parallel, technologically state-of-the-art mining world, Bitcoin remains a theoretically level playing field. It is yet to be seen whether more people will be encouraged to take a stab at solo mining. But this moment serves as evidence that the solo mining dream is not dead. It’s just incredibly hard. The global mining landscape is evolving rapidly. This makes it all the more crucial to illuminate why Bitcoin inspires and captivates people all around the world. It’s not simply about the cash that’s involved. It’s about the very ethos of this network: permissionless participation and decentralized opportunity. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
A turbulent week has struck Solana , with price drops, regulatory issues, and investment uncertainties. Yet in the midst of all this, a record-setting development pace on the chain is apparently unstoppable. Inferring from the scant actual metrics, this means upcoming major infrastructure changes are cooking up something that should be good for all existing and future SOL holders. This week in the Solana ecosystem, things happened from ETF troubles to announcement of funds running to the billion-dollar level. Let’s break down the week, as that same long-term Solana bullishness we keep talking about seems to potentially be even more entrenched than it was last week. Solana SOL Price Falls, But Builders Stay Active This week, we saw a substantial adjustment in Solana’s base currency, the SOL token. The price of SOL took a dip, from $176 down to about $160. Those figures come from prices across various crypto exchanges. A drop like 9% in a single week is certainly noticeable, and it’s tempting to chalk it up to whatever’s latest and greatest in crypto news. But such a move tends to get most of its energy from the asset itself. Week in Solana: A $1 Billion Bet, Despite SEC’s ETF Questions SOL drops 9% as ETF hopes hit legal roadblocks! MetaMask goes Solana-native! $1B investment plan filed! Bonk enters gaming with a win-to-earn shooter! Let’s break down Solana’s week on-chain and off 1/6 pic.twitter.com/RCLjI4MpF6 — CoinMarketCap (@CoinMarketCap) June 4, 2025 One signal, however, keeps flashing green: developer activity. Just in May, over 1.4 million new tokens were launched on Solana, and most of them, let’s be honest, were meme coins. Token launches are a kind of crude but effective way to stimulate development and leverage your community for an ecosystem where experimentation is taken to the next level. Most projects won’t go anywhere, but those that do could evolve into the next big thing. No one might care about meme tokens in a year’s time, but when a layer-1 blockchain attracts the sort of development that Solana has lately enjoyed, it’s not something to be scoffed at. The network’s fundamentals demonstrate resilience even during a price downtrend. Outstanding throughput paired with minimal fees renders Solana one of the most appealing chains for serious developers and casual creators. ETF Doubts Surface, But Institutional Interest Grows The largest tale from a regulatory perspective emerged from the U.S. The Securities and Exchange Commission (SEC) expressed unease over whether Solana-based staking products could be legally set up as exchange-traded funds, or ETFs. The agency’s qualms pertain to the mechanics of staking SOL and whether they ought to satisfy the legal parameters for ETF eligibility under U.S. securities law. The cloud of uncertainty hanging over Solana today poses a potential obstacle to the blockchain’s future attractiveness for traditional institutions. Many of these entities prefer regulated financial products—such as ETFs—in order to obtain exposure to digital assets. Solana being SOS’d in by the SEC was not a favorable development for anyone hoping to see the blockchain keep pace with (or better yet, precede) Bitcoin and Ethereum in terms of ETF interest. However, institutional money continues to pour into the Solana ecosystem, and this is resilient to any kind of official opposition. A Canadian firm by the name of SOL Strategies has plans on the table to raise no less than $1 billion, and their entire fund is committed to Solana-based investments. Meanwhile, a firm called Classover Holdings is trying to raise a cool $500 million, and 80% of that capital is designated to be directly used for purchasing and holding SOL in their treasury. Some large-scale investors seem to be interpreting these announcements as something other than a harbinger of regulatory trouble. They’re saying: Long-term bet on Solana. Technical backbone plus economic design equals something with potential. MetaMask Solana Integration and BONK Gaming Expansion This week also brought some noteworthy developments in adoption and ecosystems, especially in the areas of accessibility and consumer engagement. One of the most widely used crypto wallets, MetaMask, has officially launched support for the Solana network. This is available via its browser extension, with mobile compatibility expected soon. This move could significantly expand the number of users interacting with Solana-based dApps and tokens. This is especially true for those already using MetaMask on other blockchains like Ethereum or Polygon. From the gaming and cultural side of things, speculators can forget BONK as a trading vehicle. The project launched Bonk Arena , a browser-based first-person shooter where players earn BONK tokens and, presumably, have a great time doing it. Bonk Arena is in the early access stage (you can play on the official site by connecting your Solana wallet), and that’s fitting, considering that entertainment is the main utility of this meme-ified currency. The launch of the game highlights the speedy development of Solana’s ecosystem aimed at consumers. This part of the ecosystem, which is concerned with providing experiences to users, is where Solana the blockchain meets Solana the foundation. And what kinds of experiences are being provided? Ones that merge games, money, and memes. To summarize, even though Solana’s market performance and regulatory clarity took a hit this week, the network received some very lucrative and promising signals of long-term commitment from builders, users, and deep-pocket investors. The network’s ability to grow in parallel with this uncertainty could just as easily place it as a leader in the next cycle of Web3 expansion. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
XRP is trading near a crucial support level at $2.12, down 4% in the past 24 hours, as widespread market turmoil weighs on sentiment and price momentum. XRP’s ( XRP ) 24-hour volume rose nearly 80% to $2.97 billion, which can be attributed to the ongoing selloff. At the same time, derivatives data from CoinGlass shows a 70% jump in trading volume, while open interest fell by 3.7%. This shift often indicates traders exiting longer positions and rotating into short-term plays, especially during fast-moving markets. XRP’s latest decline is tied to that of the broader crypto market, which suffered a steep pullback on June 6. It shed nearly 5% as political tensions between President Donald Trump and Elon Musk rattled investor confidence. The clash erupted after Musk stepped down from the Department of Government Efficiency and criticized Trump’s new federal spending bill . In response, Trump revoked a NASA nomination tied to Musk’s circle and warned that his businesses could lose federal contracts. The tension grew further when Musk linked Trump to the Jeffrey Epstein files, calling for his impeachment. Trump fired back, saying Musk had “gone crazy.” Tesla shares dropped more than 14%, and Musk said SpaceX would retire its Dragon spacecraft. You might also like: A classic 95-year-old theory suggests XRP price could surge soon Looking at the daily chart, XRP’s price has now slipped below the 20-day moving average and is testing the lower Bollinger Band near $2.07. This area marks the last level of support from XRP’s latest volatility range. A break below could open the way to deeper losses. Although it does not yet indicate extreme conditions, the relative strength index, which is currently just under 40, shows weak momentum. XRP price analysis. Credit: crypto.news The majority of moving averages are still displaying bearish indicators. The price is currently below the 10-day through to 100-day averages, which are trending lower. The only exception is the 200-day exponential moving average, currently near $2.08. This level may act as a key support if buyers step in. The downtrend is confirmed by the moving average convergence divergence, which is still negative. The Stochastic RSI and other short-term oscillators are neutral, indicating that the market is awaiting a clear direction. That direction could come soon. By June 16, a major update in the Ripple v. SEC case is expected. Investors are keeping a close eye out for any indications of a settlement. Any development could reduce legal uncertainty and improve sentiment. There is also growing interest from large firms. VivoPower has committed $121 million to XRP as part of its treasury strategy. Chinese firm Webus International has also revealed plans to establish a $300 million XRP treasury, while ACG, a subsidiary of Nasdaq-listed Hyperscale Data, announced plans to acquire up to $10 million worth of XRP by the end of 2025. In addition to the rising corporate treasury demand , ETF applications from Bitwise, Grayscale, and others are also pending approval. Franklin Templeton’s decision is expected on June 17. Read more: XRP hits oversold conditions on exchanges, reversal incoming?
In the coming half year, a veritable tsunami of token unlocks is set to smash into the crypto space. The unlocks will make available for trading some $13 billion worth of new crypto assets, and they will do so in a most unimpressive—in fact, unwieldy—manner. Not only are the unlocks mostly concentrated by sector and month, but they are also, in many cases, concentrated in individual tokens. This uneven release schedule threatens to create upward volatility for the unlocked tokens and, in some cases, for the sectors they belong to. How the landscape is expected to shift between June and November 2025, from artificial intelligence to meme coins, and from Layer 2s to restaking protocols. October and July to See the Heaviest Release Pressure Even though token unlocks are slated for the latter half of 2025, two months stand out as potential market disruption points: October and July. October is the month that will unlock the most value—almost $4.8 billion—from two sectors very much in the spotlight: AI and DePIN. These two areas together are responsible for emissions with a total value of over $4.8 billion, the vast majority from just three projects: Worldcoin ($WLD), which is taking the lead with $1.29 billion; $TAO with $427 million; and $GRASS with $410 million. Not only are these three projects the main value unlocks that DePIN and AI have to offer in October, but they also exemplify the very type of overlap that could land the Bitcoin ecosystem in some hot water in the not-too-distant future. As for July, it is meme coins that dominate its events. The notables among them are $TRUMP , which will execute a mind-boggling unlock that will send a staggering $2.03 billion worth of tokens—which is 84.1% of its circulating supply—into the wild. Over six months, meme coin unlocks will total around $2.8 billion, so July’s not only part of the whole unlocking narrative but is, in fact, the bulk of it. We’re talking here about a hugely concentrated event risk in the memiest of meme assets, with 72.5% of emissions coming from a single token. Sector-Wide Emissions Show Risk Concentration When examining the releases from the many different sectors, it’s clear that the emissions from AI-related projects take the top spot at $3.42 billion. In a distant second are the meme tokens—something that I still have trouble getting my head around. Those are responsible for $2.8 billion in unlocks! Layer 2s, a generally positive development for the Ethereum network, follow in third with $1.27 billion. In the fields of Liquid Staking and Liquid Restaking, the amounts and emissions are significant. The Liquid Staking sector alone will see the unlocking of a massive $1.15 billion worth of tokens, with the peak amount unlocked coming in August. The leading token here is $ENA, with a whopping $484 million (22% of its supply) set to be unlocked. Following behind is $ETHFI, with $302 million worth of tokens set to be unlocked. What’s interesting is that $ETHFI also shows up in the Liquid Restaking category, which adds another $302 million to its tally and makes it one of the central players in both sectors. The Restaking segment, slated to release $665 million in value, is highly concentrated and peaks in November. $ETHFI, $EIGEN, and $LAYER comprise 76% of emissions here. At the same time, DePIN spews forth $1.38 billion in emissions and very much parallels AI projects, like $TAO and $GRASS—hence the heft of this month’s impact. As for RWA (real-world assets), that’s seeing just $304 million worth of emissions unlocked but in a far more balanced way. Not a single project’s emissions come close to exceeding the $100 million threshold. Over the next 6 months, $13B worth of tokens will hit the market. Not gradually. Not evenly. And definitely not quietly. • AI leads with a $3.4B wave in October • Memes spike big in July — one token dominates • Layer 2 heats up mid-year with $1.3B Here’s the full breakdown -… pic.twitter.com/6f79J71iwg — Tokenomist (prev. TokenUnlocks) (@Tokenomist_ai) June 4, 2025 Smaller Sectors, Bigger Ratios Although they represent smaller amounts in absolute dollar terms, sectors such as SocialFi and Gaming expose unique risks due to their high unlock-to-circulating supply ratios. SocialFi plans to release $1.26 billion worth of tokens in a semi-annual format that peaks in June. The two principal tokens involved, $CHEEL and $CONX, represent 85% of the total and will release amounts that are over 14 times greater than their current circulating supply—$CHEEL’s case will be over 13 times (in $CHEEL’s case, over 13 times) their current circulating supplies. This token release is significant, especially considering that it could be or drive a supply- or price-related shock. Gaming unlocks are mild, with only $520 million set to be released. September should bring the largest pushes, starting with the $91 million emissions from $IMX, then a second place of $65.7 million from $APE, and followed up nicely by #BIGTIME with $29 million. Overall, it still feels like the sector is under low pressure compared with other sectors that are facing emission challenges and could lead to price-reducing headwinds. $13 billion in tokens are about to be unlocked. On top of that, they will be unlocked at noticeably concentrated intervals. So, as tolerance of the bear market further engulfs the crypto space, those most affected could be the institutional investors and protocols that have staked assets on the layer 1 and layer 2 protocols most prone to this tokenomics-induced downside. Watching this scenario unfold in slow motion is keeping us on the edge of our seats. Will it trigger a major market correction beforehand? Will the space just be a lot more muted post-unlock? Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
The on-chain Bitcoin metrics are showing once more that they are pleased with what they see—that hefty investors and little ones are both accumulating again in the face of a network that is waking up from its slumber and starting to do all sorts of things halt and signal traffic on the blockchain. After a slight divergence in the direction of the wallets, the balance making up the distribution cohort has fallen off, and it seems like the path of least resistance with Bitcoin is up, back over the $100,000 mark. The renewed on-chain interaction is feeding the engine of market optimism. Meanwhile, the institutional flows into spot bitcoin ETFs seem to have stabilized. BlackRock’s fund in particular has captured the attention of investors. Wallet Activity Signals Growing Market Confidence On-chain analytics data show us that all main wallet groups are in accumulation mode right now. The main event, though, is taking place at two very different ends of the spectrum: We have wallets that hold less than 1 BTC, and we have wallets that hold between 10 and 100 BTC. Both of these groups have hit an accumulation score of 1.0—basically the highest score you can get—and it indicates that they are both very widespread and also doing some pretty well-synchronized buying. This development shows a strong contrast with prior weeks, in which it seemed that bigger investors were cutting back on their exposure or remaining on the sidelines in response to the presence of market uncertainty. This renewed activity now seems to imply that these larger holders are either positioning for a potential breakout or, more probably, expressing confidence that Bitcoin’s current levels are a buying opportunity. What is especially remarkable is that accumulation is not confined to whales. Lesser retail holders are also amassing a considerable amount and showing very strong buying behavior. This, most often, is a signal that these small retail holders are long-term holders and is also a signal that grassroots adoption is taking place. On-Chain Activity Hits Multi-Month Highs Momentum is building in the network activity of Bitcoin, with multiple metrics registering their most robust performances in months. The most recent day for which we have data, May 29, saw over 556,830 new Bitcoin wallets created—no day since December 2, 2023, has been even close to that in terms of sheer amount. And the reason I find this most interesting is because (now, I’m going to speak more generally about all cryptocurrencies, not just Bitcoin) a growing number of wallet-holders is a very good sign for the overall health of a cryptocurrency’s ecosystem. After briefly leaning toward distribution, the largest $BTC holders are now back in accumulation. All wallet cohorts show varying degrees of buying, with the strongest activity in the 10–100 #BTC and $BTC groups, both reaching a score of 1.0 – the highest possible. pic.twitter.com/hndK1F92qk — glassnode (@glassnode) June 5, 2025 Adding to the feel-good factor, June 2 saw 241,360 BTC move across the blockchain—the most coins sent since December 8, 2024. We typically don’t like to draw too many conclusions from single days, but this is a sizeable figure and could indicate that the Bitcoin network is seeing an uptick in user activity—whether trading, transferring, or otherwise moving assets around. Although price often rules market sentiment, these developments really show what direction the network is headed in. If they’re building a price bottom, then user and developer activity is much more desirable than just the network being used temporarily for price speculation. A close watch is being kept by investors because rising on-chain engagement, with prices being relatively stable, can often be a hint of an underlying build-up of momentum that precedes breakout movements—upward or downward. Institutional Flows Remain Focused on BlackRock’s ETF Even with the overall uncertainty of the traditional markets, the sector of Bitcoin ETFs available for direct investment is attracting a not-too-shabby amount of institutional inflows. As of June 4, the combined net inflow across all U.S. spot Bitcoin ETFs was $86.92 million. Even ETF skeptics like Bloomberg’s James Seyffart have been warming up to the idea that, in 2023, the Bitcoin ETF sector has the look of a legitimate business. Interestingly, on the day, the only fund to see a net inflow was BlackRock’s iShares Bitcoin Trust (IBIT). Others either stayed even or experienced slight outflows. Continued preference for IBIT further consolidates BlackRock’s presence in the Bitcoin ETF space and also is a nice little shot of credibility for the digital asset sector. The net positive flows coming back—concentrated in just one issuer, it must be noted—signal that institutional investors aren’t pulling back entirely. They’re still in the market but seem to be doing a more refined, selective kind of allocation. And when you see selective allocation by big, smart money, it’s usually to what’s perceived as the safest and most credible holdings. With Bitcoin holding steady at just below $105,000, renewed wallet accumulation, record highs in on-chain activity, and an ETF flow that can only be described as resilient combine to present an intricate but optimistic look for the market. We are in a period right now, however, where the market has not yet broken out and up decisively. Consequently, it seems wise to stay vigilant, perhaps even bearish for now, until we do see that break. But from where we sit, the combination of these various factors likely means the market has a good shot at getting up and over, rather than back down under, the $100,000 line with Bitcoin. How long it takes and how close we edge up to the actual line figure before the breakout occurs is the present mystery. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
Ethereum enjoys renewed traction across multiple fronts—staking, institutional adoption, and large-scale on-chain activity. In a clear vote of confidence, a wallet linked to blockchain software giant Consensys has moved hundreds of millions of dollars worth of ETH, staking a significant portion through Liquid Collective. Meanwhile, staking queues are swelling to levels not seen in over a year, and spot Ethereum ETFs continue to record sustained inflows. These events indicate that Ethereum might be moving into a new stage of capital involvement—an era that has real potential to move both ETH and the wider altcoin market in new directions. Consensys-Linked Wallet Moves $320M, Signals Confidence In a significant on-chain development, a wallet associated with ConsenSys—one of the principal developers of Ethereum infrastructure and tools—made a $320 million ETH withdrawal from Galaxy Digital, a crypto investment and trading firm. Of that amount, $120 million was promptly staked through Liquid Collective, a collaborative liquid staking protocol. Something big is happening behind the scenes A wallet linked to Consensys just moved heavy: ▸ $320M in $ETH withdrawn from Galaxy ▸ $120M staked with Liquid Collective ▸ All routed through a fresh wallet (0x0b2) $ETH is getting attention This kind of shift tells you… pic.twitter.com/srslTrCICq — Cipher X (@Cipher2X) June 5, 2025 Every transaction was sent to a newly established wallet (0x0b2), indicating an intentional and well-thought-out plan to control the funds through a new wallet. The wallet could serve several purposes: enhanced security, better organization, or some combination of the two. But even without knowing the exact reason for this bit of infrastructure, it is possible to draw some overall conclusions about the funds and the people moving them. These conclusions have to do with what the reallocation of the funds seems to indicate. Such activity delivers a clear signal: the most important Ethereum players are doing more than just staying in the game—they’re doubling down by locking up ETH in staking. You don’t do that unless you’re pretty darn sure the network is secure, will scale, and is on a growth path. Staking Queue Hits Yearly High as Participation Grows Ethereum’s staking ecosystem is accelerating. This week, the number of ETH in the staking activation queue hit a 12-month high—340,000 ETH! And we have recent upgrades to Ethereum’s consensus layer to thank for that, as well as the growing adoption of liquid staking platforms. Most of all, though, we can credit a super-charged risk outlook for Ethereum staking and validators. All of this together spells a very bright future for Ethereum staking. #Ethereum momentum continues to grow with an increase in staking. There are currently over 340,277 $ETH in the queue for staking… the most there has been for more than 12 months! pic.twitter.com/5ROQE9lhrX — Crypto Rand (@crypto_rand) June 5, 2025 The increasing queue shows an upsurge in the wish to take part in the network’s validator set, which is a main component of Ethereum’s proof-of-stake mechanism. With more ETH locked into staking, the supply of Ethereum that is available to the public decreases, and as such, the price of Ethereum might start to increase. The most recent staking activity on Ethereum has two very identifiable characteristics, and I think it’s crucial to understand both. First, unlike earlier waves of staking, which were dominated by individuals, this most recent wave is clearly an institutional one. Liquid Collective—used by the Consensys-linked wallet—is designed to provide enterprise-grade staking solutions. The retail and institutional staking demand is coalescing and creating an activity flywheel that could have significant effects—not just on ETH but also on the multitude of alternative coins built on the Ethereum network. Spot Ethereum ETFs Post 13 Days of Consecutive Inflows ETH’s institutional demand continues to show up in traditional markets. On June 4, spot Ethereum ETFs recorded a net inflow of $56.98 million—marking the 13th consecutive day of positive flows. This continuous call for spot Ethereum ETFs comes from the recent U.S. approval of them, a landmark event that many saw as a key moment in Ethereum’s path to mainstream financial acceptance. At first, the inflows were modest next to those for Bitcoin ETFs, but the steady nature of the flows is starting to attract attention. On June 4, spot Bitcoin ETFs saw a total net inflow of $86.92 million, with BlackRock’s IBIT being the only ETF to record a net inflow. Spot Ethereum ETFs recorded a total net inflow of $56.98 million, marking 13 consecutive days of net inflows. https://t.co/ueXcZjuIVU — Wu Blockchain (@WuBlockchain) June 5, 2025 Capital continues to flow into Ethereum funds even in the times of wider market instability, indicating long-term institutional confidence in Ethereum as a sustainable, regulated, asset class. This is even more true for Ethereum ETFs because they are an institutional-access vehicle to a regulated crypto asset. Ethereum’s recent advance—driven by significant wallet activity, a staking wave, and fresh ETF inflows—portrays something old and something new. Old: An asset maturing in a swiftly changing crypto landscape. New: The Ethereum altcoin ecosystem, which may be at center stage in altcoin land these days but is also moving rapidly in its own direction. Not just the core protocol but the very idea of Ethereum seems to be finding new ways to make its constituents—applications, tokens, and communities—hold value. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
Why is California treating Bitcoin like a forgotten bank account?
TRON (TRX) has experienced relatively stable price movement over the past week, fluctuating within a narrow range between $0.276 and $0.272. At the time of writing, the token is trading at $0.2729, reflecting a weekly decline of approximately 1.5%. However, zooming out reveals a broader uptrend, with TRX gaining nearly 12% over the past month, indicating growing market interest amid a backdrop of increased on-chain activity. An assessment of TRON’s network-level data suggests the blockchain is experiencing a surge in usage. According to a recent analysis published on CryptoQuant’s QuickTake platform by contributor Darkfost, daily transaction volume on the TRON network has crossed the 8 million mark, a notable increase from earlier this year. This growth in network transactions is considered a critical indicator of underlying demand and user engagement, which could influence market sentiment around the asset. Related Reading: TRON Activity Hits All-Time High, Is a TRX Price Breakout Coming? Transaction Volume and Address Activity Show Strong Network Engagement Darkfost noted that TRON’s monthly average for daily transactions has seen consistent growth, with recent data showing a roughly 2 million increase in average daily transactions since February. The network is now processing over 8 million transactions per day, marking a more than 30% rise over the past four months. Importantly, a large share of these transactions is occurring outside centralized exchanges, pointing to the growing utility of the blockchain for peer-to-peer transfers and decentralized application (dApp) usage. This shift away from centralized platforms may reflect increased interest in TRON’s native ecosystem services and its competitive yield offerings. As more users interact directly with the network, transaction-based liquidity grows, which can contribute to stronger economic activity across the TRON protocol. Darkfost emphasized that this trend of non-exchange transactions is a positive signal for the blockchain’s real-world usage and investor adoption. TRON Active Address Metrics Reach New Highs In a separate update, CryptoQuant analyst Cryptoonchain highlighted that both the 50-day and 100-day moving averages for active addresses on the TRON network have hit their highest levels to date. This sustained rise in active wallet participation suggests a growing user base that is consistently interacting with the blockchain. While TRX’s price has not fully kept pace with the uptick in address activity, historical trends suggest that increased user engagement often precedes upward price movement. Related Reading: Analyst Explains Reason Behind Tron Price Sluggishness — Are TRX Bears Now In Control? The correlation between active address growth and price performance continues to be an area of interest. With momentum building across multiple on-chain indicators, there is a likelihood that TRON may be positioned for further gains if current trends hold. Analysis of Daily Active Addresses and TRX Price on Tron Network – All-Time Highs in Moving Averages “Historically, changes in active address trends tend to precede major price movements.” – By @CryptoOnchain pic.twitter.com/7QXqP6g1Gh — CryptoQuant.com (@cryptoquant_com) June 4, 2025 Featured image created with DALL-E, Chart from TradingView
Ukrainian law enforcement recently arrested a 35-year-old man accused of hacking over 5,000 customer accounts of a hosting company to mine cryptocurrency, resulting in a loss of $4.5 million. Hacker Deploys Software to Remotely Manipulate Servers Ukrainian cyber police officers and investigators from the Zaporizhia region recently arrested a 35-year-old man accused of hacking over
Circle, the issuer of the USDC stablecoin, made headlines with a strong public debut on the New York Stock Exchange on June 5, posting gains of over 160% in its first day of trading. However, the milestone was met with discontent from longtime backer Arca, whose chief investment officer Jeff Dorman publicly criticized the company for granting a disproportionately small IPO allocation. Circle Soars 167% on NYSE Debut as Investor Appetite for Stablecoins Surges Circle, the fintech firm behind the dollar-pegged stablecoin USDC, made a historic debut on the New York Stock Exchange (NYSE) on June 5 under the ticker symbol CRCL, soaring 167% by the close of its first trading day. The firm’s shares opened at $31, surged as high as 235% in early trading, and closed at $82, signaling strong institutional and retail demand for stablecoin-focused firms amid a shifting financial landscape. Circle share price (Source: Yahoo Finance ) This IPO marks one of the most successful public offerings in the digital asset space in 2025 and underscores growing investor interest in blockchain-native financial infrastructure, particularly as stablecoins become increasingly integrated into global finance. Circle’s public market debut was buoyed by backing from some of the most influential players in the financial world. Notably, BlackRock, the world’s largest asset manager, revealed plans to acquire a 10% stake in the IPO. Additionally, ARK Investment Management, led by Cathie Wood, was reportedly eyeing a $150 million allocation. This overwhelming demand led Circle to expand its offering to a marketed range of $1.05 billion, with 34 million shares made available to investors. Circle, which issues USDC, one of the most widely used and regulated stablecoins in the market, has long been regarded as a cornerstone of crypto’s integration with traditional finance. USDC is used in decentralized finance (DeFi), cross-border payments, and corporate treasury management, and has consistently maintained its dollar peg amid past market volatility. A Comeback Story Amid Delays Circle’s path to going public hasn’t been linear. The company initially planned to debut much earlier but delayed its offering due to broader macroeconomic concerns, including heightened geopolitical tensions and global trade uncertainty. However, with improving market sentiment and increasing clarity around crypto regulation in the US, Circle seized the opportunity to list at a time when investors are looking beyond speculative assets and into real-world utility plays in the blockchain space. The timing also aligns with a broader narrative of institutional migration into digital assets. Companies such as Semler Scientific, MicroStrategy, and various ETF issuers have been pivoting into digital asset strategies, further fueling mainstream interest in firms like Circle. What’s Next for Circle? As Circle transitions into its new role as a publicly traded company, it enters a pivotal phase. It will need to demonstrate sustainable revenue models, regulatory compliance, and technological innovation in an increasingly competitive landscape. Rival stablecoin issuers like Tether, PayPal, and decentralized protocols continue to innovate in the space, and Circle will be under pressure to maintain its lead, especially now under the scrutiny of public shareholders. Nevertheless, with nearly $30 billion worth of USDC in circulation and major backing from legacy financial titans, Circle is positioned as a bridge between the old and the new worlds of finance. Its successful debut is not just a win for the company but a signal to the market: stablecoins are here to stay, and the companies behind them are beginning to claim their seat at Wall Street’s table. Arca Blasts Circle Over 'Throwaway' IPO Allocation as Public Trading Begins Despite the landmark public listing, the company faced unexpected backlash from one of its earliest crypto-native supporters just hours after its launch and subsequent stock surge. Jeff Dorman, Chief Investment Officer of Arca, a digital asset investment firm, published an open letter slamming Circle for what he described as an ”inappropriate” and ”insulting” allocation of just $135,000 in the company’s high-profile IPO. Dorman revealed that Arca had submitted a $10 million order, only to be granted a fraction of that amount, sparking outrage and a complete severing of ties between the two companies. “You are the first and only crypto company that has ever treated Arca this way,” Dorman wrote. “I cannot believe our efforts to help you grow for years culminated in you giving us a joke, throwaway allocation.” Full open letter to Circle (Source: Jeff Dorman ) A Relationship Fractures at a Crucial Moment According to Dorman, Arca had supported Circle since its early days and had shown loyalty during times of uncertainty—including rumors that Circle would delay its IPO due to macroeconomic pressures like trade tariffs. Yet, despite that longstanding backing, Arca was reportedly sidelined in favor of larger institutional players during the IPO. The letter struck a deeply personal tone, describing the snub as a betrayal of the crypto-native ethos that companies like Arca had worked to uphold since leaving traditional finance behind nearly a decade ago. “Most of Arca’s management team left Wall Street eight years ago to start a crypto-native company specifically to get away from TradFi clowns like you,” Dorman continued. “Ironically, you’ve come full Circle.” He concluded by announcing that Arca will close all of its accounts with Circle and actively discourage others from doing business with the firm. The incident with Arca has revealed simmering tensions within the crypto industry. As more blockchain-native companies seek traditional financing through IPOs or venture capital, they increasingly face pushback from early supporters who feel abandoned in the process. The Broader Debate: Crypto-Native vs. TradFi Dorman’s letter shines the spotlight on a growing divide between crypto-native firms and those aligning with legacy financial institutions. While going public offers Circle access to capital and credibility in traditional markets, it also comes with scrutiny, and, as Dorman's critique highlights, accusations of compromising the community-first values that helped the company rise. The reaction has prompted wider discussion on social media, with some voices in the crypto space supporting Dorman’s position and others defending Circle’s strategic decision-making. Some pointed out that large IPO allocations are often driven by investment banks and underwriters who prioritize firms with larger check sizes or strategic positioning.