The crypto market registered a sharp recovery on Friday after Thursday’s sudden drop. Bitcoin (BTC) plunged to a low of $100,811 on Thursday as markets turned bearish. However, the decline was short-lived as the price rebounded on Friday to erase most of the previous day’s losses and settle above $104,378. The flagship cryptocurrency is up over 1%, trading at around $105,128. Meanwhile, Ethereum (ETH) has struggled after Thursday’s decline, which saw the price dip below $2,400. However, it has struggled to regain momentum and has registered only a marginal increase over the past 24 hours. Meanwhile, Ripple (XRP) is up nearly 2%, while Solana (SOL) is up over 2%, trading around $151. Dogecoin (DOGE) is up almost 6%, and Cardano (ADA) is up over 3%, trading around $0.668. Chainlink (LINK) , Stellar (XLM) , Toncoin (TON) , Hedera (HBAR) , Litecoin (LTC) , and Polkadot (DOT) have also registered notable increases. Gemini Confidentially Files for US IPO Gemini, a cryptocurrency exchange owned by the Winklevoss brothers, has disclosed it confidentially filed for an IPO as crypto exchanges attempt to take advantage of renewed market momentum. Several high-profile companies, including crypto exchanges, have launched successful listings, indicating growing demand and renewed vigor in the capital markets. Recently, USDC issuer Circle went public, making its debut on the New York Stock Exchange. Matt Kennedy, Senior Strategist at Renaissance Capital, stated, “Pre-IPO crypto companies would be crazy not to move ahead with listings after seeing how Circle traded. Crypto can be an unpredictable market, so when you get a chance like this, you take it.” The recent spate of IPOs heralds a turning point for the industry, reflecting growing confidence among digital asset firms to attract mainstream investors. It also suggests companies are confident about meeting transparency, regulatory, and capital requirements. Gemini has not determined the size or the proposed range for its offering. Kat Liu, vice president at IPOX stated, “Gemini's move contributes to the broader momentum and reinforces the idea that crypto-native firms are increasingly preparing to access public markets. More broadly, this signals that long-anticipated firms are now ready to reengage with public capital.” Singapore’s Ousted Crypto Firms Have Nowhere To Go Singapore recently passed an order prohibiting unlicensed crypto firms from serving overseas customers. The order marks the beginning of the end for regulatory loopholes in the blockchain industry. The directive, issued by the Monetary Authority of Singapore, orders crypto firms offering services abroad to get licensed or leave. The movie aligns with a broader global push for compliance and cracks down on money laundering and terrorism financing. Joshua Chu, co-chair of the Blockchain Alliance, stated, “For exchanges still playing regulatory pinball — constantly seeking loopholes to avoid licensing requirements — the reality is clear: They will soon find themselves having to relocate to their favorite destination, the moon. With jurisdictions like Singapore, Thailand, Dubai, Hong Kong, and others tightening oversight and closing gaps, there’s simply no escaping the global push for compliance.” Some in the crypto space have interpreted the recent order as a sharp policy reversal. However, the regular said it has always maintained a steady stance. Singapore’s Central Bank stated, “MAS’ position on this has been consistently communicated for a few years since the first response to public consultation issued on February 14, 2022, and in subsequent publications on October 4, 2024, and May 302025.” Dow Jones Rises On Back Of Strong Market Data Wall Street ended the week positively after better-than-expected job numbers boosted investor confidence. The Dow Jones Industrial Average rose 443 points, leading Friday’s gains among major indices. The S&P 500 rose 1.03% to close above 6000 for the first time since February. Meanwhile, the Nasdaq Composite rose 1.2% thanks to a major rebound in tech stocks. Data from the US Bureau of Labor Statistics showed that the US added 139,000 jobs in May, above the expected 125,000. Meanwhile, the unemployment rate remained unchanged at 4.2%, while the wage growth also came in higher than expectations. Bitcoin (BTC) Price Analysis Bitcoin (BTC) recovered from Thursday’s dramatic decline to register an increase of nearly 3% on Friday and recoup a significant chunk of the previous day’s losses. The flagship cryptocurrency has extended its gains in the current session and has reclaimed $105,000 to trade around $105,150. Analysts believe miner activity could impact BTC’s near-term outlook. According to an analysis by a CryptoQuant analyst, miners have increased the volume of BTC transferred to crypto exchanges. According to the analysis, miner-to-exchange inflows exceeded $1 billion per day between May 19 and May 28. Analysts view such inflows as a proxy for miners intending to sell their assets. This could impact short-term supply dynamics and introduce volatility to BTC’s spot market performance. The spike in realized inflows from miners to exchanges can be interpreted as a sign of growing sell-side pressure. Large-scale transfers to exchanges are generally interpreted as miners preparing to offload their assets. Analysts have pointed out that while miner selling isn’t inherently negative, it could impact short-term price stability. On the other hand, when miner inflows spike, it reflects sentiment regarding profitability, operational stress, or anticipated price changes. BTC started the previous week positively, registering a marginal increase on Monday. However, it was back in the red on Tuesday, dropping 0.46% to $108,954. Sellers retained control on Wednesday as BTC fell 1.03% to $107,834. Selling pressure intensified on Thursday as BTC fell over 2%, slipping below the 20-day SMA and settling at $105,662. The price declined on Friday, dropping 1.51%, slipping below $105,000 and settling at $104,067. Despite the overwhelming selling pressure, BTC recovered over the weekend, rising 0.69% on Saturday and 0.95% on Sunday to reclaim $105,000 and settle at $105,775. Source: TradingView BTC plunged to an intraday low of $103,734 on Monday. However, it recovered to register a marginal increase and settle at $105,903. The price was back in the red on Tuesday, falling 0.44% to $105,435. The price declined on Wednesday, falling almost 1%, slipping below $105,000 and settling at $104,755. Bearish sentiment intensified on Thursday as BTC plunged 3%, falling to a low of $100,421 before settling at $101,615. The price recovered on Friday, rising nearly 3% to $104,378. The current session sees BTC up 0.91%, having reclaimed $105,000, trading around $105,325. Ethereum (ETH) Price Analysis Ethereum (ETH) registered a sharp drop on Thursday, losing momentum and plunging below $2,400 to a low of $2,392. While it has recovered, ETH is struggling to push back to pre-Thursday levels and is hovering around $2,500. ETH’s muted price action comes despite spot Ethereum ETFs recording positive inflows. ETH ETFs recorded $25.2 million in net inflows on June 6th marking 15 consecutive days of positive inflows. US-based spot Ethereum ETFs have attracted a combined $281 million in inflows over the past week. Despite positive inflows, ETH has been unable to cross $2,700, a level where it faces substantial resistance. ETH started the previous week positively, rising 0.49% on Monday. Bullish sentiment intensified on Tuesday, rising nearly 4% to cross $2,600 and settle at $2,662. The price continued to push higher on Wednesday, rising 0.76% to $2,684. ETH raced to an intraday high of $2,790 on Thursday as buyers attempted a move to $2,800. However, it lost momentum after reaching this level and fell nearly 2% to $2,632. Bearish sentiment intensified on Friday as ETH fell almost 4%, slipping below $2,600 and settling at $2,539. The price fell 0.14% on Saturday before rising 0.44% on Sunday, ending the weekend at $2,539. Source: TradingView ETH started the week positively, rising almost 3% on Monday to reclaim $2,600, cross the 20-day SMA, and settle at $2,607. However, it was back in the red on Tuesday, registering a marginal drop before rising 0.51% on Wednesday and settling at $2,607. Market sentiment turned bearish on Thursday, and ETH plunged over 7%, slipping below the 20-day SMA and $2,500 to settle at $2,415. The price recovered on Friday, rising nearly 3% to $2,479. ETH is up almost 1% during the ongoing session, having reclaimed $2,500 and trading around $2,505. Solana (SOL) Price Analysis Solana (SOL) has made a strong recovery after dropping to a low of $141 on Thursday. The altcoin has reclaimed the $150 price level, with buyers looking to maintain momentum and push towards $160. However, Solana DEX volumes have been falling for four weeks, and a return of bearish sentiment could see the price drop towards $100, breaking its current bullish structure. SOL started the previous week in the red, registering a marginal decline before recovering on Tuesday and settling at $176. Buyers lost momentum on Wednesday as the price fell 2.55%, slipping below the 20-day SMA and settling at $172. Sellers retained control on Thursday as the price fell over 3%, falling below $170 and settling at $166. Bearish sentiment intensified on Friday as SOL plunged over 6%, slipping below $160 and settling at $156. Despite the bearish sentiment, the price recovered over the weekend, registering a marginal increase on Saturday and almost 1% on Sunday to settle at $157. Source: TradingView SOL plunged to an intraday low of $151 on Monday. It rebounded from this level to settle at $156, ultimately registering a marginal decline. The price raced to an intraday high of $164 on Tuesday as buyers attempted a move to $170. However, it lost momentum after reaching this level and fell 1.05%, ultimately settling at $155. Sellers retained control on Wednesday as SOL fell 1.29% to $153. SOL plunged nearly 6% on Thursday as selling pressure intensified, dropping to a low of $141 before settling at $144. The price recovered on Friday, rising 2.47% to $147 as buyers returned to the market. SOL is up nearly 3% during the ongoing session, having reclaimed $150, trading around $151. Ripple (XRP) Price Analysis Ripple (XRP) started the previous weekend in the red, dropping 4.59% on Friday to settle at $2.14. The price fell to an intraday low of $2.08 on Saturday as selling pressure intensified. However, it recovered from this level to register an increase of 1.58% and settle at $2.17. Buyers retained control on Sunday as the price registered a marginal increase to end the weekend at $2.17. XRP started the week positively, rising almost 1% and moving to $2.19. Bullish sentiment intensified on Tuesday as the price raced to an intraday high of $2.28 before settling at $2.24, ultimately registering an increase of 2.20%. Source: TradingView Despite the positive sentiment, XRP lost momentum on Wednesday, falling 1.95% to $2.20. Bearish sentiment intensified on Thursday as XRP plunged nearly 5%, slipping below $2.10 and settling at $2.09. The price rebounded on Friday, rising over 3% to reclaim $2.10 and settle at $2.16. The current session sees XRP up 1.29%, trading around $2.19 as buyers look to push the price higher. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Dogecoin (DOGE) is rapidly approaching a significant milestone with nearly 8 million holders, underscoring its growing adoption in the cryptocurrency ecosystem. On-chain data from Santiment reveals that Dogecoin ranks just
In the first quarter of 2025, Latin America’s crypto media ecosystem had one of its roughest stretches in recent memory. New research from Outset PR, an agency known for its data-driven, boutique approach to PR in Web3 , shows that 73% of active crypto news outlets in the region saw traffic decline in Q1 2025. Just six crypto-native publications accounted for 69% of total traffic across the crypto-only segment. The report — based on SimilarWeb data from 55 tracked LATAM media sites — paints a stark picture of media contraction. Once-reliable names lost ground, some disappearing from the radar altogether. Surprisingly, Bitcoin’s January rally and early-year bullish momentum didn’t translate into sustained audience growth. Instead, a mix of macro headwinds, market corrections, and Google’s March algorithm update created a perfect storm, hitting crypto-focused sites hardest — especially those lacking strong SEO strategies or diversified content models. Media Instability Escalates Amid Market Turmoil In January 2025, Bitcoin briefly surged past $109,000, fueled by institutional inflows and broader optimism around U.S. economic policy. But the rally proved short-lived. By February, a wave of exploit-driven panic, meme coin collapses, and shaky sentiment pulled the market into a sharp correction. The downturn hit the media landscape just as hard. Advertising budgets contracted, user interest waned, and Google’s March 2025 algorithm update wiped visibility from many LATAM-focused crypto outlets — especially those relying on outdated SEO tactics or thin content. According to Outset PR’s tracking , 21.8% of the 55 monitored outlets gained traffic in February, while a staggering 78.18% saw declines. Performance snapshot of LATAM crypto outlets in February 2025, as reported by Outset PR Google’s March Update Creates a Visible Divide March brought more instability — both in markets and media. Bitcoin spent most of the month fluctuating between $83,000 and $94,000, with modest rebounds tied to renewed institutional interest and broader macro optimism. Amid price swings, crypto readers turned to the media for clarity. But just as visibility was needed most, Google’s March core algorithm update reshaped how regional publishers ranked in search. The update hit LATAM outlets unevenly. According to Outset PR, 24 of 55 active crypto-focused sites regained some traffic by the end of March. But most remained below their January baselines. Outset PR data showing March 2025 traffic trends for LATAM crypto media A sharp divide emerged: agile players optimized quickly and adapted, while others continued their downward spiral. Notably, CryptoNews Brasil went offline entirely for Brazilian users , likely due to government-imposed access restrictions tied to new regulations targeting offshore betting platforms. The site remains accessible in Europe, but its LATAM visibility has vanished. Finance News Sites Outrank Crypto-Native Brands in Traffic, But Offer Limited Crypto Depth According to the report, all the top Latin American media sites with crypto coverage are web portals for finance and general news. They regularly got millions of visits but mentioned crypto mostly during periods when it was on an uptrend — losing interest when the hype died down. The bulk of these platforms operate in Brazil and Argentina , and they make many content choices based on trends in their countries' politics and economies. Therefore, their reports about crypto can be inconsistent. Though macro trends may bring exposure for crypto-based content on these general sites, they typically do not provide the ongoing and meaningful connection that crypto-native platforms can. Six Crypto-Native Outlets Dominate LATAM Visibility A key insight from Outset PR’s Q1 report is the extreme concentration of visibility in the region. Despite the vast number of sites tracked, just six publications accounted for 69.13% of total crypto-native traffic. Q1 2025 media tier segmentation for LATAM crypto outlets, sourced from Outset PR Together, these six outlets drew 4.11 million visits across the quarter. They were the only crypto-native sites to consistently surpass the 400,000 monthly average visits. Their dominance highlights the narrowing field of reliable crypto voices in LATAM, especially as newer or mid-sized players struggle with traffic volatility and indexing issues. The next tier captured traffic in the 130K–270K range. While still influential, these outlets represent a sharp drop in reach. Most fall short of driving large-scale visibility for crypto projects without additional amplification. Beneath this, Outset PR categorized the remaining outlets as long-tail players. Fourteen of them attracted fewer than 10,000 monthly visits. Though potentially useful for SEO or niche audiences, these sites now contribute minimal impact in terms of direct reach. Strategic Takeaways for LATAM Crypto Media Both the size and influence of Latin America’s crypto media landscape are shrinking — and consolidating. What once felt like a sprawling ecosystem is now concentrated in the hands of a few players. Outset PR’s report underscores how quickly visibility can shift. In fast-moving markets like LATAM, media influence doesn’t erode gradually — it can collapse in a matter of weeks. And influence today is about how often an outlet gets indexed, how visible it is in algorithm-driven feeds, whether its audience is real, and how quickly it publishes. The full version of this report — including all names, numbers, patterns, and charts — is available on Outset PR’s official blog . Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Analyst Justin Bennett focuses on Bitcoin's crucial future scenarios. Bitcoin's price isn't only influenced by technical levels but also by global markets. Continue Reading: Bitcoin Holds Firm Support, Faces Crucial Price Scenarios The post Bitcoin Holds Firm Support, Faces Crucial Price Scenarios appeared first on COINTURK NEWS .
Coinbase CEO Brian Armstrong announces a significant 82% reduction in account freezing incidents, marking a major step towards enhanced user experience and platform reliability. This improvement reflects Coinbase’s intensified focus
Dogecoin (DOGE) recently experienced a significant 56% drop in trading volume, signaling potential volatility amid mixed market signals. Despite the volume decline, DOGE’s price showed resilience with a 4.89% gain
This reinforces status as one of most widely adopted cryptocurrencies in market
Ross Ulbricht, the imprisoned founder of the Silk Road darknet marketplace who was granted clemency by US President Donald Trump earlier this year, received a whopping $31 million Bitcoin donation from an anonymous wallet over the previous weekend. The sizable gift, sent less than five months after Ulbricht’s sentence was commuted, immediately sparked speculation that he had covertly reclaimed old Silk Road earnings. Anonymous Bitcoin Gift to Ross Ulbricht According to the intel shared by cryptocurrency tracing firm Chainalysis with WIRED, the 300 BTC donation did not originate from Silk Road at all. Instead, the funds appear to trace back to AlphaBay, a now-defunct darknet market that operated between 2014 and 2017, well after Silk Road’s takedown. AlphaBay, which was reportedly ten times the size of Silk Road at its peak, was known for trafficking in drugs, malware, and illegal services. Phil Larratt, Chainalysis’s director of investigations and a former UK law enforcement official, said there are “reasonable grounds to suspect” the Bitcoin came from someone involved with AlphaBay – likely a former vendor, given the size of the amount. Prominent blockchain investigator ZachXBT, who had earlier examined the donation, also concluded the funds did not come from Silk Road. Despite the sender’s use of Bitcoin mixing services, ZachXBT traced the BTC to a wallet previously flagged by Chainalysis as connected to illicit activity. He shared his conclusion with WIRED, wherein he noted that the donation itself may be genuine, but “not legitimate funds.” Additional clues suggest the person behind the transfer may have been actively trying to avoid detection: ZachXBT discovered the same individual had previously cashed out other crypto through centralized exchanges in small, spread-out amounts, rather than large single transactions. This behavior is consistent with an effort to evade asset freezing or scrutiny. AlphaBay Crackdown Chainalysis reportedly declined to share specifics on how exactly it linked the donation to AlphaBay. But it is important to note that the firm is widely known for its expertise in mapping illicit activity across blockchain networks and played a crucial role in dismantling the now-defunct marketplace during the multinational law enforcement initiative known as Operation Bayonet, involving the FBI, DEA, and Europol. The crackdown later led to the conviction of Bryan Connor Herrell, an AlphaBay moderator, who was sentenced to 11 years in prison. As for Ulbricht, he has not publicly addressed the donation. The post $31M Bitcoin Donation to Ross Ulbricht Traced to AlphaBay, Not Silk Road appeared first on CryptoPotato .
Despite mounting pressure for regulatory clarity, the Reserve Bank of India remains firmly opposed to cryptocurrencies, citing risks to monetary policy and financial stability. RBI Governor Sanjay Malhotra reaffirmed the central bank’s stance even as a government committee reviews policy options and the Supreme Court presses for clearer guidelines. The tension highlights India’s ongoing regulatory deadlock, where legal, judicial, and financial forces continue to clash over the future of digital assets. Malhotra underlined during a news conference following the announcement that the RBI is still concerned about the possible threats that cryptocurrencies could pose to monetary policy and financial stability. “RBI has maintained a consistent stance on this issue. A [government] committee is currently examining the matter. We remain concerned about the potential risks crypto poses to financial stability and monetary policy,” Malhotra said . The comments come as a government committee continues examining cryptocurrency regulation. India is also expected to release a comprehensive policy discussion paper in June 2025 following mounting pressure from the Supreme Court for regulatory clarity. You might also like: Gemini moves toward IPO as regulatory pressure eases India’s Supreme Court pushes for comprehensive regulation In recent proceedings, the Supreme Court has questioned the government’s delay in establishing clear cryptocurrency policies. The justices also noted the absence of proper regulatory frameworks has created confusion in the digital asset space. Given the advancements in the global financial system, a Supreme Court bench led by Justices Surya Kant and N Kotiswar Singh stated that prohibiting cryptocurrencies is not feasible. The country has maintained an ambiguous stance since the Supreme Court overturned RBI’s 2018 banking ban on cryptocurrency transactions in March 2020. You might also like: Elon Musk’s X taps Polymarket as official prediction market partner India’s cryptocurrency regulation saga began in 2018 when RBI issued a circular prohibiting banks and financial institutions from providing services to cryptocurrency businesses. The prohibition was later struck down by the Supreme Court in March 2020. The court ruled that the banking ban was disproportionate and violated constitutional rights under Article 19(1)(g) of the Indian Constitution. Following the court ruling, RBI instructed banks not to block cryptocurrency transactions based on the invalidated circular. This provided a temporary relief to the crypto industry. RBI’s persistent opposition to private cryptocurrencies Despite legal setbacks, RBI Governor Shaktikanta Das has consistently characterized cryptocurrencies as posing “huge risks to financial stability” and called them a “clear danger” to the economic system. Previous statements from Das suggested that all cryptocurrencies should be banned due to their potential to undermine India’s financial and macroeconomic stability. The central bank has remained firm in its belief that crypto could undermine India’s financial stability. It has also cited concerns about its use in money laundering and its potential impact on monetary policy effectiveness. In 2022, India announced a 30% tax on crypto gains and a 1% TDS on cryptocurrency transactions. This remains one of the world’s highest cryptocurrency tax regimes. Read more: Ethereum forecast suggests rally to $10k, new DeFi coin poised to soar alongside Tron
Key Takeaways: Netflix’s new reality show House of Streams will award 1 Bitcoin to the winning streamer. The series aims to push creative boundaries by offering a crypto prize instead of cash. The show launches amid rising security risks for crypto holders, with several high-profile kidnapping attempts reported this year. Netflix’s latest reality venture, House of Streams, is set to debut on June 18 in the UK and Ireland, offering a unique prize, 1 Bitcoin, to the winning contestant. The show will feature eight online streamers with a combined following of four million. According to the official website, the participants, many of whom are well-known on Twitch, will compete in a series of challenges for a chance to take home the Bitcoin, valued at over $104,000 at press time. Why Did Netflix’s New Series Choose Bitcoin Over Cash? While the production is backed by the Malta Film Commission, it remains unclear why the series opted for a crypto prize over traditional rewards. Creator Mark Holland reportedly said the prize “couldn’t have been a simple cash prize or a trip to the Maldives,” hinting at an intent to push boundaries. The show’s producers have also cautioned against scams. A statement released on May 22 clarified, “We support Bitcoin and no other memecoin,” after reports emerged of individuals attempting to launch fraudulent tokens under the show’s name. NEW: Netflix show "The House of Streams" to give away 1 $BTC in Twitch streamer competition.. Playing for Bitcoin just hits different! pic.twitter.com/x44Dwey3Pf — Manana Samuseva NYC (@MananaSamuseva) June 6, 2025 Netflix is no stranger to crypto-themed content. The streaming giant previously released Trust No One: The Hunt for the Crypto King, covering the QuadrigaCX collapse, and recently greenlit The Altruists, a series focusing on the lives of ex-FTX CEO Sam Bankman-Fried and former Alameda Research head Caroline Ellison. So far, the contestants — who include streamers such as The Black Hokage, CyborgAngel, and OutplayedByJade — have yet to comment publicly on their participation. Netflix’s Crypto Show Launches as Security Risks for Holders Rise The show comes amid growing concerns over the risks faced by crypto holders. In May 2024, the father of a crypto entrepreneur was rescued from captivity after French police stormed a suburban Paris location. The suspects had severed one of the victim’s fingers , echoing earlier high-profile attacks involving physical mutilation and digital wallets. Last month, Pierre Noizat, founder and CEO of French crypto exchange Paymium, saw his own family targeted. A group of masked men attempted to abduct Noizat’s daughter and grandson in broad daylight. The assault was foiled when the victims and a bystander managed to fight off the attackers. En plein Paris, un homme a été violenté par des individus cagoulés, habillés tout en noir. Ils tentaient de l'enlever. Un homme a surgi, extincteur à la main, pour les faire fuir. → https://t.co/P0qV6PR40v pic.twitter.com/9f4r2Gi7ho — Le Figaro (@Le_Figaro) May 13, 2025 More recently, three teenagers were accused of kidnapping a man at gunpoint after he returned from hosting a crypto-related event in downtown Las Vegas. After returning to his apartment, the victim was ambushed at gunpoint by three teenagers from Florida. The assailants forced him into their vehicle, covered his head with a towel, and warned him not to look at them. They drove him over 70 miles to a remote desert near White Hills, Arizona. These incidents have intensified calls for better protection for those tied to the crypto world, particularly as rising asset values make high-profile figures more attractive targets. The post Netflix’s ‘House of Streams’ to Award 1 Bitcoin to Winning Streamer appeared first on Cryptonews .