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?
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
Arca’s complete divestment from Circle shares highlights growing tensions between crypto-native funds and traditional finance institutions amid Circle’s $1.05 billion IPO success. The decision underscores potential shifts in institutional sentiment