Half of venture-backed altcoin projects closed by 2024. 77% of projects failed to generate $1,000 monthly revenue. Investments below $50 million lead to higher project failure rates. Continue Reading: Altcoin Projects Face Mass Closure: What’s Happening in Crypto Investments? The post Altcoin Projects Face Mass Closure: What’s Happening in Crypto Investments? appeared first on COINTURK NEWS .
Trump’s Truth Social Seeks to Launch Spot Bitcoin ETF on NYSE Arca | Memecoin Launchpad Pump.fun Plans $1B Token Sale at $4B Valuation | Trump Organization Denies Ties to ‘$TRUMP Wallet’
Ether’s price is up 46% in the past 30 days, and analysts say continued demand for spot Ethereum ETFs and strengthening structure may trigger a breakout.
Ethereum co-founder Vitalik Buterin has transferred $1.83 million worth of ETH to the Railgun privacy protocol, underscoring his commitment to enhancing transaction privacy on the blockchain. The transaction also included
Jupiter DAO has launched a governance vote on whether or not JUP & JUICE Media Studio would be made an official Full Working Group. The proposal, available from June 2 through June 6, seeks authorization to allocate an official budget and secure a long-term role for the previously unofficial media collective. With over 449 million votes cast—well above the 198 million required for quorum—the people are weighing in on the vote. Results-Driven Grassroots Media Since late 2024, JUP & JUICE functioned as a de facto media department within the Jupiter ecosystem. Without a production budget line item, the team has created: Over 60 podcasts Over 200 videos 7.5 million+ impressions Their efforts have supported product launches and championed Jupiter through strategic collaborations with projects like Pudgy Penguins, Star Atlas, and Bonk. Budget and Objectives Submitted The team’s proposal is for a budget spanning a year with: $282,000 USDC for operations and salaries 355,000 JUP tokens locked to align with long-term incentives JUP & JUICE vows to amplify Jupiter’s message and the ecosystem’s identity on three main pillars: Community Unification Creating frequent, bite-sized material to allow members to learn about product drops and ecosystem development. Ambassadorship Creating collaborations with leading crypto projects to make Jupiter more prominent and acquire new users. Showing DAO Members Emphasizing individual creators and their projects to humanize the DAO experience and make it more tangible. Working to “Unify the Jupiverse” JUP & JUICE argues that the rush of development at Jupiter often leaves communication gaps that disengage the community . They want to bridge those gaps as a respected, agile media center based on the DAO’s culture. If approved, the transition would be a new milestone in decentralized governance, where media is not just outside hype—but an organic, community-centric element of the DAO itself.
As the Bitcoin (BTC) price stabilizes 5% below its all-time high of $111,800, which was reached last week, predictions of further price declines have emerged. More surprisingly, one expert claims that all of BTC’s history is a “staged illusion,” which could cause it to dip toward the $10,000 mark for the first time in nearly five years. Expert Alleges Bitcoin’s Rise As ‘Largest Bubble In History’ Jacob King, the CEO of the news aggregator Whale Whire, took to social media to assert that Bitcoin’s trajectory is a carefully constructed illusion, designed to convey a sense of institutional commitment and government endorsement, thereby fostering the illusion of a thriving market driven by authentic demand. King’s bold claim characterized Bitcoin’s current state as the “largest bubble in human history,” poised to unfold as a monumental financial scandal. Of course, this is only King’s opinion based on his analysis. Related Reading: XRP Sell-Off Rumors Swirl After Expert Questions Ripple’s War Chest The narrative King presented delves into the web of interconnected entities that allegedly manipulate the cryptocurrency market. Drawing attention to the case of El Salvador’s purported Bitcoin investment, King highlighted discrepancies in the narrative, alleging that a significant portion of the country’s Bitcoin reserves had not been acquired through legitimate means but rather transferred from Bitfinex and Tether. This alleged manipulation, according to King, extends to the very core of the industry, with entities like Tether orchestrating alleged schemes to bolster liquidity and fabricate a façade of institutional backing. Alleged Bitcoin Market Manipulations The unraveling of these alleged machinations, as per King’s assertions, casts doubt on the authenticity of Bitcoin’s growth and the legitimacy of the broader cryptocurrency ecosystem. King’s narrative underscores a network of “intertwined interests,” where figures like Michael Saylor, founder of the Bitcoin proxy firm Strategy (previously MicroStrategy), are depicted as integral players perpetuating a cycle of “leverage and speculation” rather than genuine investment in BTC. Furthermore, King’s reflections extend to the role of stablecoins like Tether’s USDT in propping up the Bitcoin market, creating a “fragile ecosystem” wherein the value of stablecoins could potentially surpass that of traditional fiat currencies. Related Reading: Stablecoins Ignite Record-Breaking May, Supply Jumps To $244B – Data The intricate interplay between Tether’s activities and Bitcoin’s stability, according to King, forms a precarious foundation susceptible to collapse in the face of regulatory scrutiny and diminishing institutional interest. All around, King issued a stark warning about a potential nosedive in Bitcoin’s value, suggesting that the cryptocurrency might plunge towards the $10,000 threshold for the first time in almost half a decade. Expressing skepticism regarding the sustainability of Bitcoin’s current price levels, King portrayed a market on the verge of a substantial correction. If this ominous forecast materializes, it would signify a profound shift in Bitcoin’s valuation, departing from the lofty peaks it has recently scaled. As of this writing, the market’s leading cryptocurrency trades at $105,788, recording a 3% retrace in the weekly time frame. Still, Bitcoin holds to gains of over 52% in the year-to-date period. Featured image from DALL-E, chart from TradingView.com
Bitcoin long-term holders have been offloading their stash since 2017 despite the expected boom.
BitcoinWorld TRUMP Memecoin Team Executes Massive $47M Token Transfer to Exchanges In a move that has captured the attention of the cryptocurrency community, an address reportedly linked to the team behind the TRUMP memecoin recently executed a significant token transfer . On-chain data highlights a substantial withdrawal from the project’s treasury, raising questions and sparking discussion among investors and observers. What Happened: The TRUMP Memecoin Team’s Significant Token Transfer According to data analyzed by Arkham, a blockchain analytics platform, an address identified as beginning with CDW1AU, which is believed to be associated with the TRUMP memecoin team , withdrew a large sum of TRUMP tokens. Specifically, 4.16 million TRUMP tokens were moved from the project’s treasury. At the time of the transfer on June 3rd, this amount was valued at approximately $47 million. The transfer occurred rapidly between 21:43 and 21:54 UTC on June 3. Following the withdrawal from the treasury address, these tokens were subsequently moved to several prominent crypto exchanges . The destination platforms included major global trading venues such as Binance, OKX, Bybit, and Coinbase. Why Move to Crypto Exchanges? Decoding the Potential Reasons A large-scale token transfer from a project’s treasury to centralized crypto exchanges is often interpreted with caution by the market. There are several potential reasons why a team might undertake such a move, each carrying different implications: Selling Pressure: The most common concern is that the tokens are being moved to exchanges with the intent to sell them. A sale of $47 million worth of tokens could exert significant selling pressure on the market, potentially impacting the TRUMP token’s price. Providing Liquidity: In some cases, teams might move tokens to exchanges to provide liquidity for trading pairs, making it easier for users to buy and sell. However, moving such a large portion directly from the treasury can still be perceived negatively if not communicated clearly. Distribution or Partnerships: Less frequently, tokens might be moved for strategic distribution purposes, partnerships, or to fund project development. Without clear communication, these reasons are speculative. Team Wallets: The tokens could be moved to individual team wallets hosted on exchanges, potentially for personal reasons or to manage holdings. The lack of immediate official communication regarding the purpose of this specific transfer to multiple crypto exchanges leaves room for speculation within the community. Leveraging On-Chain Data for Transparency This event highlights the power and importance of on-chain data . Platforms like Arkham provide visibility into the movements of cryptocurrency assets, allowing anyone to track transactions on public blockchains. This transparency is a core principle of decentralized technology, offering insights that are not always available in traditional finance. Analyzing on-chain data allows market participants to: Verify transaction amounts and times. Trace the flow of funds between wallets and exchanges. Identify potentially significant movements by large holders or project teams. Gain insights into market dynamics and potential future price action. While on-chain data shows the facts of the transaction (who moved what, where, and when), it doesn’t reveal the intent behind the move. Interpreting these movements, especially large ones involving project treasuries or team wallets, requires careful consideration and often relies on accompanying communication from the project team. Implications for TRUMP Memecoin Holders and the Broader Market For existing holders of the TRUMP memecoin , a significant token transfer of this magnitude from a team-linked address to exchanges can be a cause for concern. It immediately raises the possibility of increased selling pressure, which could lead to price volatility or a downward trend. The move also brings attention back to the nature of memecoins themselves. While popular for their community-driven nature and potential for rapid gains, they often come with risks associated with high volatility, lack of underlying utility, and concentrated holdings by teams or early investors. Understanding the dynamics of the memecoin team and their token holdings is crucial for anyone investing in this sector. This event serves as a reminder for investors to conduct thorough research, understand the token distribution and treasury management practices of any project they consider investing in, and be aware of the potential impact of large whale or team movements revealed by on-chain data . Conclusion: Navigating Uncertainty in the Memecoin Space The recent movement of $47 million in TRUMP tokens from an address linked to the TRUMP memecoin team to major crypto exchanges is a notable event that underscores the importance of transparency and the potential impact of large holders in the crypto market, particularly within the memecoin category. While the exact intentions behind this significant token transfer remain unconfirmed, on-chain data has brought the action to light, prompting necessary scrutiny and discussion. Investors should remain vigilant, utilizing available data to inform their decisions and understand the potential risks associated with such large-scale movements. To learn more about the latest memecoin market trends, explore our article on key developments shaping the crypto market institutional adoption. This post TRUMP Memecoin Team Executes Massive $47M Token Transfer to Exchanges first appeared on BitcoinWorld and is written by Editorial Team
This content is provided by a sponsor. Victoria, Seychelles, June 4 2025 — Bitget, the leading cryptocurrency exchange and Web3 company, has announced a partnership with the University of Zurich, the world’s top #3 university for blockchain education. The exchange will sponsor the 6th edition of International Summer School – Deep Dive into Blockchain 2025
TL;DR Whales bought more than $3.1 billion worth of BTC in less than a week. The Fear and Greed Index has climbed back into “Greed” territory, reflecting rising optimism, though history warns against blindly following crowd sentiment. Whales on the Move Again The popular crypto analyst Ali Martinez revealed on X that some of the largest Bitcoin whales purchased more than 30,000 BTC in the past 96 hours alone. Some of the biggest whales on the network have bought over 30,000 #Bitcoin $BTC in the last 96 hours! pic.twitter.com/Z0Ujszhdnc — Ali (@ali_charts) June 3, 2025 According to his estimations, the collective bitcoin possessions of this group of investors are around 4.52 million BTC, representing almost 23% of the asset’s circulating supply. The latest buying spree comes in contrast to the price pullback of the leading digital asset, which has slipped by around 3% over the past week. Furthermore, BTC (currently worth approximately $105,800) is down 5.5% from its historical peak of nearly $112,000, registered on May 22 . Such accumulation from whales is typically interpreted as a bullish factor for the price. The effort leaves fewer assets available on the open market, which, combined with non-declining demand, could trigger a rally. Additionally, it could serve as an encouraging sign to smaller players who may also join the ecosystem with fresh capital. Less than a week ago, Martinez announced that investors holding between 100 BTC and 1,000 BTC (referred to as “sharks”) purchased 20,000 BTC in the span of just 48 hours. Back Into ‘Greed’ Territory While the whales’ activity suggests that the price may head north in the short term, other metrics indicate that the opposite scenario is also not out of the question. The popular Bitcoin Fear and Greed Index, which shows the current investor sentiment toward the cryptocurrency, is one example. On May 31, BTC’s price slipped below $104,000, which caused the ratio to retreat to 50, or the “Neutral” zone. However, the bulls recovered some of the losses in the following days, and the index re-entered “Greed” territory. BTC Fear and Greed, Source: alternative.me This suggests growing optimism and an increasing appetite for BTC, but investors should stay alert. After all, the cryptocurrency market often defies the crowd’s expectations, while some prominent individuals have previously recommended buying when fear dominates. On that note, we can cite Warren Buffett’s famous advice, who once said people should “ be fearful when others are greedy and to be greedy only when others are fearful.” The post 30,000 BTC Bought in 4 Days: New Bitcoin Bull Run Incoming? appeared first on CryptoPotato .