Bitcoin's bearish divergence signals a possible price crash toward $85,000, akin to the declines witnessed in 2019 and 2021.
The White House ordered NASA and the Defense Department to collect detailed records on SpaceX’s federal contracts after President Trump clashed publicly with Elon Musk, according to Reuters . The decision was made earlier this month, and the review now underway could allow the administration to cut off Elon’s companies from billions in government deals if Trump decides to retaliate. The ongoing review involves at least $22 billion in government funding tied to Elon’s space company. One of the contracts under review is a $5 billion NASA deal involving the Dragon spacecraft , the only American system currently flying astronauts to and from the International Space Station. Trump mentioned the possibility of action during a press briefing on June 6 aboard Air Force One, saying, “We’ll take a look at everything.” Pentagon considers limiting SpaceX’s role in missile defense Officials at the Pentagon are now discussing whether Elon’s firm should continue playing a major part in Trump’s new missile defense system, nicknamed the Golden Dome. The system is part of a broader defense upgrade backed by the current administration. The Pentagon’s review of SpaceX’s participation runs in parallel with the White House contract review and could lead to reduced involvement in future projects. The White House did not respond to questions about Elon’s businesses but issued a short statement saying the Trump administration was “committed to a rigorous review process for all bids and contracts.” NASA said it would keep working with its industry partners to meet “the president’s objectives in space.” Elon, who Trump called his best friend and ‘First Buddy’ on more than one occasion, held a key role as the head of the Department of Government Efficiency (DOGE) to cut spending and audit waste across the government, and now, that same process is being directed at Elon himself. A person involved in the review called it “political ammunition” to prepare if Trump chooses to cancel deals or subsidies. Scott Amey, general counsel at the Project on Government Oversight, said Elon may now face the same type of targeted scrutiny he once applied to others. “There’s an irony here that Elon’s contracts could be under the same type of subjective political scrutiny that he and his DOGE team have put on thousands of other contracts,” Amey said. “Any decision shouldn’t be based on the egos of two men but on the best interests of the public and national security.” NASA, intelligence contracts also at risk in political clash SpaceX isn’t just involved in launching rockets. It has a secretive deal with the National Reconnaissance Office, a top US intelligence agency, to build hundreds of surveillance satellites. That classified project expanded Elon’s reach into the defense sector and gave SpaceX a stronger role in national security. That contract, which remains active, is also being included in the federal review. Trump’s decision to escalate the fight came after Elon posted several now-deleted comments about the president. Elon had called for Trump’s impeachment and connected him to a convicted sex offender. He later tried to reverse course and walk back the attacks, but the government’s review had already been triggered. Before backing down, Elon threatened to shut down the Dragon spacecraft operation. That warning carried weight because no other US-owned vehicle is capable of transporting astronauts. Losing that system would disrupt both current and future NASA missions. The $5 billion Dragon contract is a cornerstone of US space activity, and tampering with it would have serious consequences. Whether Trump can legally cancel existing deals remains unclear, but federal lawyers are reportedly looking into it. What’s clear is that the administration wants to be ready. And perhaps just a tiny bit petty. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
Bitcoin dominance is rising after one of the sharpest shakeouts in recent memory, triggered by over $1 billion in leveraged liquidations across the crypto market. BTC is now stabilizing around $104,957, down just 0.17% in the last 24 hours, as traders reassess their risk appetite. According to data from Coinglass, more than 247,000 traders were liquidated in a 24-hour window. The most notable wipeout was a $200 million BTC long on Binance the largest single liquidation event of the year. Most of the damage occurred on Binance and Bybit, which together accounted for $834 million in liquidated positions. UPDATE: Over $1 billion were liquidated in the last 24 hours, with $943.31M from long positions. pic.twitter.com/VllxE4f3KM — Cointelegraph (@Cointelegraph) June 13, 2025 The overwhelming majority were longs, as traders overleveraged on bullish momentum fueled by Circle’s IPO momentum and renewed interest in U.S.-based DeFi protocols. These forced liquidations act as automatic margin calls. When traders fail to meet required collateral thresholds, exchanges close positions to protect the broader system. But in times of sharp volatility, these measures often snowball, leading to rapid price declines and widespread market capitulation. Bitcoin Dominance Climbs as Altcoins Falter While altcoins suffered steep losses, Bitcoin price predction is is support above $104,000. The selloff appears to have driven investors back into BTC as a relative safe haven. Bitcoin dominance a metric measuring BTC’s share of total crypto market cap has risen sharply, suggesting that traders are fleeing riskier assets in favor of the original cryptocurrency. Bitcoin Price Chart – Source: Tradingview Technically, BTC is hovering just above the 0.236 Fibonacci retracement level at $104,872 and sits on an ascending trendline that has supported price action since early June. The MACD histogram is flattening, showing early signs of bearish momentum waning. If bulls can reclaim the 50-period EMA near $106,351 and surpass the 0.5 Fib level at $106,788, a move toward $108,864 remains in play. This pattern suggests a possible higher low in the making, especially if the current consolidation zone holds. Small-bodied candles point to indecision and accumulation—typical behavior near the bottom of correction cycles. Short-Term Outlook: Bitcoin Eyes $108K if Momentum Builds Despite market turbulence, Bitcoin’s chart structure remains technically constructive. A move over the $106,350 level would indicate a short-term breakout, validating a reversal pattern and that could propel BTC toward $107,640 and $108,864. Trade Idea Recap: Entry: Above $106,350 with volume Stop: Below $104,000 Targets: $107,640 (initial), $108,864 (extended) With major altcoins bleeding and risk sentiment fragile, Bitcoin’s resilience could attract sidelined capital. Unless BTC breaks below $103,169, the broader uptrend remains intact. In the current environment, Bitcoin isn’t just a crypto—it’s the crypto safe haven. BTC Bull Token Nears $8.1M Cap as 58% APY Staking Attracts Last-Minute Buyers With Bitcoin trading near $105K, investor focus is shifting toward altcoins, especially BTC Bull Token ($BTCBULL) . The project has now raised $7,141,005.09 out of its $8,216,177 cap, leaving less than $1 million before the next token price hike. The current price of $0.00256 is expected to increase once the cap is hit. BTC Bull Token links its value directly to Bitcoin through two core mechanisms: BTC Airdrops reward holders, with presale participants receiving priority. Supply Burns occur automatically every time BTC increases by $50,000, reducing $BTCBULL’s circulating supply. The token also features a 58% APY staking pool holding over 1.81 billion tokens, offering: The token also features a 61% APY staking pool holding over 1.73 billion tokens, offering: No lockups or fees Full liquidity Stable passive yields, even in volatile markets This staking model appeals to both DeFi veterans and newcomers seeking hands-off income. With just hours left and the hard cap nearly reached, momentum is building fast. BTCBULL ’s blend of Bitcoin-linked value, scarcity mechanics, and flexible staking is fueling strong demand. Early buyers have a limited time to enter before the next pricing tier activates. The post Bitcoin Price Prediction: Dominance Soars Post-$1B Liquidation – Is BTC the Only Safe Haven? appeared first on Cryptonews .
MAP Protocol (MAPO) was the best-performing cryptocurrency on Saturday as it jumped by 100%. It rose to a high of $0.010, its highest point since Feb. 2, and 153% above its lowest point this year. This increase has pushed its market cap to over $53 million. MAP Protocol price led the charge MAP chart | Source: TradingView MAP Protocol is a layer-2 network for Bitcoin, allowing peer-to-peer cross-chain transactions. Its token surged as the total value locked in the network jumped. Its TVL jumped to $23.3 million on Saturday, the highest point since February. All dApps in the ecosystem, like HiveSwap, StaQ, and Butter Network, have all added substantial assets in their ecosystems. The biggest risk for MAPS Protocol price is that it has become highly overbought, with the Relative Strength Index jumping to 93. This means that the token may have a big dive as investors book profits. You might also like: Bitcoin is oversold after Israeli strike on Iran: analyst Useless Coin price hits all-time high USELESS token chart | Source: TradingView The Useless Coin price surged to a record high of $0.078 on Friday, even as the crypto market crashed . The Solana meme coin has jumped by over 1,245% from its lowest point this year, giving it a market cap of over $70 million. Useless Coin, unlike MAPS Protocol, has no utility, and its price is soaring mainly because of hype and FOMO among crypto investors. Technicals suggest that the USELESS token has more gains ahead. It formed a cup-and-handle pattern whose upper side was at $0.047 and the lower side was at $0.0051 or a 90% dip. Measuring the same distance from the cup’s upper side gives it a target of $0.090, a few points above the current level. LUNC price rises as burn rate jumps LUNC chart | Source: crypto.news Terra Luna Classic ( LUNC ) token rose by over 10% on Saturday. This jump happened after the LUNC token burn rose by over 234 million in the last seven days, bringing the cumulative burn to 410 billion. Technicals suggest that the LUNC price has more gains in the coming weeks. It has remained in a tight range and formed a double-bottom pattern with a neckline at $0.00007253. LUNC has also moved in the accumulation phase of the Wyckoff Theory, pointing to an eventual comeback. A move above the neckline at $0.00007253 will point to more gains to the 50% retracement level at $0.0001135. Meanwhile, Bitcoin rallied past $105,000 at last check on Saturday. See below. Souce: CoinGecko Read more: Monero crypto remains bullish as price corrects into high-probability value zone
Coinbase Institutional forecasts a positive outlook for the cryptocurrency market in the second half of 2025, driven by improved economic growth, corporate adoption, and regulatory progress. Coinbase Report Highlights Three Key Crypto Themes for Second Half 2025 Coinbase Institutional projects a constructive outlook for the cryptocurrency market in the second half of 2025. The analysis
Ripple has once again sparked intense discussion across the crypto community by burning 20 million RLUSD, its U.S. dollar-backed stablecoin. The announcement, made by crypto analyst Xaif on X, revealed that the tokens were permanently removed from circulation, igniting a range of reactions from the XRP Army. While some users celebrated the move as a sign of ecosystem maturity, others were left confused about the purpose and mechanics behind stablecoin burns. RLUSD Burn Explained RLUSD is Ripple’s enterprise-grade stablecoin , launched in late 2024 to offer secure, on-chain liquidity tied 1:1 to the U.S. dollar. Like other fiat-backed stablecoins, RLUSD is minted when users deposit USD and burned when users redeem their tokens for fiat. This ensures the circulating supply always matches the funds held in reserve. The recent 20 million token burn suggests that large-scale redemptions occurred, prompting the removal of an equivalent amount of RLUSD from the market. Though Ripple has not issued an official statement, the burn appears to be part of regular supply adjustments aimed at maintaining the stablecoin’s peg and preventing oversupply. BREAKING 20 Million $RLUSD Burned! 20M RLUSD permanently removed from circulation. Ripple’s ecosystem just got tighter. #XRP #RLUSD #CryptoNews pic.twitter.com/0Rx9rqpT51 — 𝕏aif | (@Xaif_Crypto) June 13, 2025 This activity is typical in stablecoin ecosystems and shows that RLUSD is working as designed, enabling smooth entry and exit for users while maintaining full backing and transparency. Mixed Reactions From the XRP Community Despite the technical soundness of the burn, the move drew a flurry of responses from the XRP community, ranging from curiosity to criticism. In Xaif’s post, several users voiced confusion about the implications. Alpha Whisky asked, “Why would RLUSD burn? What’s going on?”—a question that captured the general sentiment among those unfamiliar with stablecoin operations. Crypto Enthusiast added, “Makes no difference with RLUSD—it can be minted right?” suggesting that the burn may have little long-term significance. Another user, michelle511, questioned whether burning was even possible for fiat-pegged tokens: “How can stablecoins get burned? They’re tied to the US$?” This reflects a widespread misconception. While RLUSD is tied to the dollar, it doesn’t mean the supply is fixed. Supply changes dynamically based on user deposits and redemptions. When users exchange RLUSD for cash, the returned tokens are destroyed to preserve the 1:1 ratio. XRP Supply Debate Rekindled The discussion quickly shifted toward XRP itself. Normandy King commented, “Wish they burn XRP, not RLUSD ,” echoing a common frustration among long-time XRP holders. Many in the community have long advocated for reducing XRP’s large circulating supply, especially given the ongoing monthly unlocks from Ripple’s escrow. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 However, RLUSD and XRP serve very different purposes. RLUSD is a stable means of exchange, ideal for enterprise settlements and DeFi transactions that require predictability. In contrast, XRP is utilized for providing on-chain liquidity and facilitating cross-border transactions by bridging fiat currencies . Burning RLUSD doesn’t directly impact XRP’s supply or price, but it signals that Ripple’s broader ecosystem is becoming more active and efficient. A Sign of a Healthy Ecosystem? The 20 million RLUSD token burn has sparked mixed reactions within the XRP community, but some see it as a positive development. It shows that the stablecoin is being used as intended, issued when needed, redeemed when not, and carefully adjusted to meet real demand. As RLUSD adoption grows, such burns will likely become more common. Rather than being a cause for concern, these events underscore Ripple’s commitment to transparency and sound monetary management within its ecosystem. In the absence of official commentary from Ripple, speculation is inevitable. But for those who understand stablecoin mechanics, the message is clear: RLUSD is alive, active, and functioning with the reliability it promised at launch. As Ripple continues expanding its financial infrastructure, both RLUSD and XRP will play complementary roles —one offering stability, the other liquidity. And while the debate continues, the XRP Army remains on high alert, watching every move Ripple makes. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Army Reacts As Ripple Goes on Another RLUSD Burning Spree In Millions appeared first on Times Tabloid .
Seven issuers filed or amended applications for spot Solana exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC) on June 13, marking the latest wave of institutional interest in the Layer 1 blockchain. Key Takeaways: Seven Solana ETF filings hit the SEC, including new entries and amendments from major issuers. Analysts say staking language in the filings could complicate approval timelines. Market optimism remains high, with Bloomberg projecting a 90% chance of approval by 2025. Despite the flurry of filings, analysts warn that approval remains far from guaranteed. “I think there needs to be a back and forth with the SEC and issuers to iron out details, so I doubt it,” Bloomberg ETF analyst James Seyffart said . Analyst Warns Solana ETF May Face Long Road Like Bitcoin ETFs Drawing parallels to the protracted approval process for Bitcoin ETFs, he noted, “If anyone remembers the Bitcoin ETF launch, there were A LOT of filings over the preceding couple months before launch.” Among the June 13 filings was Fidelity’s first S-1 registration for its Solana ETF. 21Shares, Franklin Templeton, Grayscale, Bitwise, and Canary Capital also submitted amendments to existing applications, while VanEck — the first firm to file for a Solana ETF back in June — rounded out the list with an amended filing of its own. Seyffart emphasized a key complication: staking. “All of them include staking language, I believe,” he said, underscoring that staking provisions, unlike past Bitcoin and Ether ETFs, could trigger regulatory pushback. While Ether ETF issuers are also seeking permission to offer staking features, the SEC has yet to sign off. They haven't yet. But I would not be surprised if they were to eventually do that. But right now it doesn't seem like they will be in the first wave (whenever these launch) — James Seyffart (@JSeyff) June 13, 2025 Still, market sentiment appears to be shifting. Bloomberg Intelligence in April placed 90% odds on a Solana ETF approval by 2025. And Bloomberg’s Eric Balchunas added fuel to speculation earlier this week, posting: “Get ready for a potential altcoin ETF summer with Solana likely leading the way.” Seyffart admitted the SEC could theoretically greenlight staking features for both Solana and Ether ETFs simultaneously, but added, “I have no insight into what will actually happen.” SEC Pushback on Staking ETFs Raises Doubts About Regulatory Direction Last week, the SEC raised new objections to ETF proposals from REX Financial and Osprey Funds that include staking mechanisms for Solana and Ether. The regulator argued these funds may not qualify as traditional ETFs under current rules, casting uncertainty over the future of staking-enabled investment products. Manthan Davé of Ripple-backed Palisade said the resistance shows the SEC struggling to reconcile existing frameworks with fast-evolving crypto technologies. Davé pointed out the contradiction in the SEC’s stance—acknowledging that staking may not be a securities activity, yet resisting products built around it. This inconsistency, he warned, risks stifling innovation and sending capital offshore. He called for clearer guidance and modernized classifications that account for how staking underpins blockchain security and value creation. Without it, the U.S. may continue to lose ground in the digital finance race. The post Seven Solana ETF Filings Hit SEC — But Is Approval Still a Long Shot? appeared first on Cryptonews .
Bitcoin demonstrates resilience amid renewed macroeconomic fears and geopolitical tensions, maintaining strong support despite a recent 7% dip. Gold approaches its all-time high as investors seek safe-haven assets, reflecting growing
Lawmakers in New York have passed a bill to limit disasters caused by artificial intelligence. According to the bill, the state wants to prevent AI models created by firms like OpenAI, Google, and Anthropic from contributing to disaster scenarios. According to the bill , these scenarios include the death or injury of more than 100 people or more than $1 billion in damages or losses. The bill, known as the RAISE Act, represents a win for movements pushing AI safety. The movements have lost steam in the last few years as Silicon Valley and the Trump administration have continued to prioritize speed and innovation. Advocates focused on safety, including Nobel laureate Geoffrey Hinton and AI research pioneer Yoshua Bengio are behind the RAISE Act. If it eventually gets signed into law, the bill would establish the first set of legally mandated transparency standards for leading artificial intelligence labs in the United States of America. New York considers RAISE Act to limit AI-fueled disasters The RAISE Act has some of the same provisions and goals as the controversial AI safety bill SB 1047 in California, which was eventually vetoed. However, a co-sponsor of the RAISE Act, New York State Senator Andrew Gounardes, mentioned in an interview that he designed the bill in a way that it doesn’t stifle innovation among startups or academic researchers, a common criticism the SB 1047 faced. “The window to put in place guardrails is rapidly shrinking given how fast this technology is evolving,” said Senator Gounardes. The senator also said that most of the people who are well-versed in the AI sector have also recognized these risks, a development he called “alarming.” Meanwhile, the RAISE Act is now on its way to the desk of New York Governor Kathy Hochul, where she could either sign it into law or send it back for amendment. Another option would be for her to veto the bill, which is likely. If it is eventually signed into law, the RAISE Act will require some of the biggest AI labs in the world to publish safety and security reports on their frontier AI models. The bill also mandates AI labs to report safety incidents concerning AI model behavior or bad actors stealing an AI model, if it happens. If tech companies fail to live up to these standards, the RAISE Act empowers New York’s attorney general to bring civil penalties of up to $30 million against them. RAISE Act seeks to regulate AI labs The RAISE Act was designed to regulate the largest AI firms globally, including those based in California like OpenAI and Google , and those based in China, like DeepSeek and Alibaba. The requirements of the bill include a mandatory clause that applies to companies that used more than $100 million in computing resources to train their AI models and are available to residents in New York. Although similar to SB 1047 in some ways, the RAISE Act addresses some of the previous AI safety bills. For example, no clause requires AI model developers to have a kill switch on their models nor does it hold companies that post-train their models accountable for critical harms. Nevertheless, there has been pushback on the New York bill, according to co-sponsor of the RAISE Act, New York State Assembly member Alex Bores. He called the resistance unsurprising but added that the RAISE Act will not limit the developmental prowess of tech companies in any way. “The NY RAISE Act is yet another stupid, stupid state-level AI bill that will only hurt the US at a time when our adversaries are racing ahead,” said Andreessen Horowitz general partner Anjney Midha in a Friday post on X. Andreessen Horowitz and startup incubator Y Combinator were in fierce opposition to SB 1047. In addition, Anthropic co-founder Jack Clark also shared his grievances over how broad the RAISE Act is, noting that it could present risks to smaller firms. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
MEXC's Tracy Jin says regulatory clarity and market maturity are powering a new era of crypto IPOs, with Circle and Gemini leading the charge.