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Bitcoin’s mining power swung wildly this week. Hashrate dipped to roughly 660 EH/s, the lowest level since the summer of 2024, then surged by over 30% in just one day to climb back above 1000 EH/s.

According to mining trackers, these big swings underline how fragile operations can be when outside factors shift. The price of BTC also jumped briefly above $109,000 before drifting back toward the $107,000 mark.

Hashrate Plunges Amid Global Tensions

Based on reports, the drop to 660 EH/s coincided with US strikes against Iran and an Iranian counterattack. Some miners in the region appear to have powered down as a precaution. Iran once held close to 4% of the total hashrate at its peak, but its share now sits near 0.10%.

Meanwhile, US-based operations still lead the pack, accounting for more than 35% of global mining power.

Weather And Power Costs Hit Miners

A severe heatwave in Texas also played a role. Cooling thousands of rigs becomes a huge expense when temperatures soar. At the same time, hydroelectric output in parts of China and Canada tends to dip during summer months.

That forces some facilities to shut off rigs rather than run at a loss. Miners often use idle capacity to help balance local power grids or soak up extra energy when supply is high.

New Data Centers Drive Sudden Rebound

Then came yesterday’s jump. Several large “next-gen” data centers flipped their rigs back on after scheduled maintenance or testing. When those big sites reconnect, you see sudden bumps in network power.

Reporting lags may exaggerate the size of the jump at first, but even after corrections, the network still sits near its all-time high. This pattern shows how a few coordinated moves by major pools can ripple through the entire network.

Difficulty Cuts Offer Relief To Miners

In June, network difficulty fell by about 8.5%, making it easier for rigs to find blocks. Based on chain data, the cost to mine 1 BTC now stands near $98,000. That gives many operations a bit of breathing room when prices hover around $107,000–$108,000.

Looking Ahead To Network Stability

Bitcoin’s mining scene has grown more organized and cost-sensitive than ever. Small changes in power costs or weather can push big farms offline, then pull them back when conditions improve.

As prices bounce and difficulty shifts, miners will keep adjusting on the fly. Based on these swings, the network’s raw computing power is always ready to react to whatever comes next.

Featured image from Unsplash, chart from TradingView

On-chain data suggests the Bitcoin miners have recently been the most underpaid in around a year, as daily revenue hits a $34 million low.

Bitcoin Miner Revenue Has Observed A Plummet

According to data from the on-chain analytics firm CryptoQuant, the margins of the Bitcoin miners have recently taken a notable hit. Miners earn their revenue through two sources: block subsidy and transaction fees.

The first component, the block subsidy, refers to the reward that these chain validators receive as compensation for adding a block to the chain. The network gives out this reward as a fixed BTC-denominated amount.

Due to the existence of a feature known as the difficulty, miners are only able to add blocks at a more or less fixed rate of time, which adds another constraint to the block subsidy.

If speed and amount are fixed, that leaves only one variable related to this reward: the Bitcoin spot price. Changes in the price directly affect miners’ income from the block subsidy.

The other component of miner revenue, the transaction fees, is connected to the level of activity that BTC is observing. Investors attach these fees to their transfers as a small payment for the validators. In times when the network isn’t handling any notable traffic, senders have little incentive to pay any significant amounts, as chances are that their transfers will go through quickly anyway.

When there is congestion present, however, transactions can get stuck in the mempool for a while. During such periods, investors who want their moves to go through fast have no choice but to outcompete the other users in transfer fees. As such, the total transaction fees being received by the miners tend to spike during times of high activity.

Now, here is the chart shared by CryptoQuant that shows the trend in the two components of Bitcoin miner revenue over the past year:

As displayed in the left graph, the combined daily revenue of the Bitcoin miners has recently gone through a plunge. “Falling fees and Bitcoin’s price drop are crushing margins,” notes the analytics firm.

During the price low earlier, the metric reached a low of $34 million, which is the lowest that its value has been since April 10th. This comparison, however, doesn’t accurately portray how bad the current situation is for the miners.

The chart on the right shows the data of the Miner Profit/Loss Sustainability, a model that compares the miners’ revenue against the difficulty to determine how fairly paid the group is. From the indicator’s trend, it’s apparent that the recent low in mining revenue corresponded to miners being the most underpaid since July 2024.

BTC Price

At the time of writing, Bitcoin is floating around $107,000, up over 2% in the last seven days.

The Hong Kong government has released a new policy statement aimed at advancing its crypto asset ecosystem, reinforcing its ambition to become a key hub for crypto innovation and regulation.

Titled “Policy Statement 2.0,” the initiative builds on the region’s first digital asset policy introduced in October 2022 and outlines an updated framework for regulating and supporting the tokenization of real-world assets (RWAs) and expanding crypto licensing measures.

Regulatory Clarity and Broader Tokenization Initiatives

The updated strategy introduces the “LEAP” framework, which stands for “Licensing, Education, Application, and Protection.” The government plans to streamline regulatory oversight for crypto service providers, including exchanges, stablecoin issuers, and custodians.

At the same time, the statement sets out goals for scaling RWA tokenization through legal clarity, new infrastructure, and public-private collaboration. Hong Kong Financial Secretary Paul Chan emphasized the importance of blockchain in enabling lower-cost and more inclusive financial services.

Under the policy, the Securities and Futures Commission (SFC) will serve as the lead authority on upcoming licensing regimes for digital asset dealers and custodians.

In parallel, the Financial Services and the Treasury Bureau (FSTB), in coordination with the Hong Kong Monetary Authority (HKMA), will conduct legal reviews to ease the path for RWA tokenization.

The government also intends to standardize the issuance of tokenized government bonds and develop new tax guidelines for tokenized exchange-traded funds (ETFs), aiming to support both primary issuance and secondary market trading.

Beyond financial instruments, Hong Kong’s policy looks to incentivize tokenization across sectors, including precious metals, non-ferrous metals, and renewable energy.

These steps are designed to enhance market liquidity, improve accessibility, and foster innovation in asset management. Public consultations on the proposed licensing structures are expected soon, with the FSTB and SFC leading efforts to incorporate industry input into the development of these frameworks.

Cross-Sector Collaboration and Stablecoin Oversight

As part of the broader plan to expand crypto asset infrastructure, the Hong Kong government is encouraging collaboration between regulators, law enforcement agencies, and technology providers.

This includes initiatives to boost security, interoperability, and use case development across both the public and private sectors. The goal is to create a more strong and scalable foundation for crypto asset adoption across industries.

In addition to the new policy, earlier developments have laid groundwork for Hong Kong’s approach to crypto regulation. In May, the Legislative Council passed legislation to establish a licensing regime for stablecoin issuers, set to take effect on August 1.

Financial Secretary Chan noted that this move will support Hong Kong’s broader financial strategy, including its ambitions to serve as an offshore yuan hub. Industry participants such as Eugene Cheung of OSL Group have welcomed the changes, describing them as aligned with global trends in tokenization and financial digitization.

Featured image created with DALL-E, Chart from TradingView

Reeve Collins and Chinh Chu are lining up to raise as much as $1 billion through a SPAC to build a big crypto fund. According to a Bloomberg report, they’ve bought sponsor stakes in M3-Brigade Acquisition V Corp. The money would flow into a mix of Bitcoin, Ethereum and Solana. Investors will be watching every step closely.

Background On The Sponsors

Reeve Collins helped start Tether and led that company from 2013 to 2015. Chinh Chu spent years as a top dealmaker at Blackstone before she left in 2015. Based on reports, each has a sponsor interest in M3-Brigade Acquisition V Corp. That gives them a direct say in how the SPAC moves forward.

So, $mbav. On ssr after today. Like the setup. Tether co-founder hype. Will buy the panican shares. Also, Mohsin Meghji is an extremely smart cookie IYKYK. Tbh. The whole board is super solid. Unique for a spac. https://t.co/aazIvjFNeI

— TheForestnottheTrees (@richtrades100) June 25, 2025

Structure Of The SPAC Deal

M3-Brigade Acquisition V Corp is already listed on a US exchange. Collins, a Tether Co-founder, and Chu, former Blackstone executive, are working with Cantor Fitzgerald LP as adviser. They hope to merge the SPAC with a newly formed fund.

The goal is to turn public capital into crypto assets. The plan could change before it closes, though. The $1 billion target is what they’re talking about for now.

Portfolio Mix And Goals

The fund would hold at least three assets: Bitcoin, Ethereum and Solana. Based on reports, they’re looking to spread risk by picking more than one token. That stands in contrast to a recent effort by hedge fund executives who want $100 million for a BNB-only treasury.

Industry Implications And Next Steps

Institutional interest in crypto treasuries has picked up over the past year. Several public companies have already added Bitcoin to their balance sheets.

This new move could push more firms to consider digital tokens. Cantor Fitzgerald’s role suggests the sponsors want to follow clear rules on how money flows. Investors will want updates on timing, fees and how assets are valued.

Regulators are still watching SPAC deals closely. Any big change in plan could draw extra questions. Based on reports, Collins and Chu haven’t set a firm deadline for closing. The SPAC could hunt for other targets tied to crypto or blockchain if this fund plan shifts.

This effort feels like a next step in bringing crypto into the mainstream of big investors. If it succeeds, a $1 billion digital asset treasury could become a new benchmark.

Featured image from Unsplash, chart from TradingView

Bitcoin is up 10% since last Sunday, reclaiming key levels and setting the tone for what could be the next major leg in this bull cycle. After briefly dipping below $100,000 amid geopolitical tensions in the Middle East, BTC has rebounded strongly and is now trading above $106,000 — a level that signals renewed strength and market confidence. However, despite the breakout from recent lows, the rally still needs confirmation. Analysts agree that the bullish structure will only be fully validated once Bitcoin breaks above its all-time high and enters price discovery.

Momentum is clearly shifting in favor of the bulls. Trading volumes are climbing, and investor sentiment is turning optimistic as BTC approaches the $110K resistance. Yet, not all indicators are aligned. According to CryptoQuant, the MVRV Ratio — which measures market value relative to realized value — is beginning to stall. Historically, this has preceded slower phases of growth or local tops.

While a decisive breakout could trigger the next surge, the current hesitation in on-chain momentum suggests traders should remain alert. With volatility rising and macro uncertainty still present, BTC’s next move could define the broader market trend heading into the second half of the year.

Bitcoin At A Crossroads: Will Bulls Break Out or Retrace?

Bitcoin is hovering at a pivotal level, with the market on edge as it decides between a breakout into price discovery or a deeper retrace toward lower support. After rebounding 10% since last Sunday, BTC reclaimed the $106K level, recovering from recent volatility caused by geopolitical tensions. Bulls are confidently holding the range, yet momentum has stalled just below the crucial $110K mark — the gateway to new all-time highs. Meanwhile, bears have failed to push Bitcoin below the psychological $100K level, signaling strong underlying demand.

According to on-chain data from CryptoQuant, while the short-term recovery looks impressive, the MVRV Ratio is flashing early warning signs. This metric — which compares Bitcoin’s market value to its realized value — helps identify overvaluation zones. More importantly, the 365-day moving average slope of the MVRV Ratio, which has reliably signaled cycle tops in the past, is starting to flatten. This suggests that bullish momentum could be fading, even as prices hold up.

This development doesn’t imply that a downtrend is imminent, but it does raise the possibility that Bitcoin is entering the late stages of this bull cycle. Historically, such phases often culminate in euphoric surges before topping out. With that in mind, traders and investors must remain strategic. Managing risk and capital allocation becomes critical when momentum weakens, especially in a high-stakes environment.

While there’s still room for short-term upside — especially if BTC breaks above $110K — long-term signals advise caution. Tactical plays may be profitable, but ignoring macro and on-chain context at this stage could expose portfolios to unnecessary risk.

BTC Faces Local Resistance

Bitcoin is currently trading at $107,227, showing strong recovery momentum after last week’s dip to $98,000. The 12-hour chart reveals a bullish structure, with price breaking above the 50 and 100-period SMAs, both converging around $105,500 — now acting as near-term support. The move confirms bullish intent, especially as volume picked up significantly on the breakout from the $103,600 support zone.

However, BTC is now approaching a critical resistance level at $109,300, which has acted as a ceiling for over a month. Price action suggests multiple failed attempts to break this level, forming what many traders would call a local “horizontal range.” A clean break and close above $109,300 would likely trigger a push into price discovery, with bulls targeting $115,000 and beyond.

On the downside, a rejection at current levels could lead to a retest of the $105,000 support. The 200-period SMA around $96,365 remains the ultimate support base in case of a deeper correction.

Featured image from Dall-E, chart from TradingView

A crypto analyst has revealed a significant disconnect between the Bitcoin price peak and the continued expansion of the Global M2 money supply. In his analysis, he shares a surprising comparison that raises fresh questions about the true drivers of the crypto bull market and how liquidity trends impact price cycles. 

Bitcoin Price Moves Ahead Of Global M2

A recent analysis by Rekt Capital, a crypto expert on X (formerly Twitter), draws attention to a critical timing mismatch between the Bitcoin price movements and global liquidity levels, measured by the Global M2 money supply. According to the data, Bitcoin reached an all-time high in November 2021, marking the peak of the bull market. However, Global M2 continued to rise for another five months, finally topping out in April 2022.

This five-month divergence has prompted a reevaluation of Bitcoin’s sensitivity to macro indicators and its ability to act as a leading macroeconomic signal. Rekt Capital’s analysis implies that while liquidity conditions heavily influence Bitcoin, it does not necessarily move in lockstep with them. Instead, it may anticipate shifts in monetary policy and investor sentiment before they fully play out in traditional finance indicators like the money supply.

While Bitcoin had already begun its decline following its peak in November 2021, the expansion of the global money supply persisted, indicating that central banks and financial systems were still operating under loose monetary conditions well into 2022. Notably, Rekt Capital’s analysis does not imply a direct cause-and-effect relationship but highlights a clear time lag between Bitcoin’s price behavior and global liquidity trends. This places BTC in a unique position in the financial landscape, as both a liquidity-sensitive asset and a potential early warning signal to broader market changes.

BTC And Global M2 Set Stage For September Surge

Crypto Con, a crypto analyst on X, has also shared insights into the relationship between Bitcoin’s price and changes in the Global M2 money supply, indicating the potential for a major upside move in the leading cryptocurrency. The chart, published on June 25, presents a side-by-side comparison of Bitcoin’s historical performance with a 10-week forward-shifted Global M2 metric. 

The chart’s data reveals a recurring pattern where the Global M2 expanded, and Bitcoin followed with a rally approximately ten weeks later. Conversely, contractions in M2 preceded Bitcoin’s price declines by the same time frame. This trend was observed during several key turning points in the market cycle. 

In April 2023, a significant decline in M2 was followed by a Bitcoin price downturn. A reversal and increase in M2 around March 2024 corresponded with the start of a sustained Bitcoin rally. Similarly, the December 2024 peak in M2 anticipated a Bitcoin correction several weeks later.

Based on this trend, current conditions remain favorable. The forward-shifted Global M2 continues to show an upward trajectory, implying that Bitcoin may experience more upside movement through early September 2025.

A big name in crypto is about to get a closer look. US Liberty Financial (WLF), the firm tied to US President Donald Trump, will release its first audit for the USD1 stablecoin in just days.

The token hit over $2 billion in market cap since its March debut. And that’s not all. WLF is also rolling out a new mobile app for regular investors.

Audit To Reveal Reserve Details

According to reports, the audit will spell out what backs every USD1 token. WLF says the stablecoin is covered by US dollar deposits, cash equivalents and US Treasuries. BitGo holds those assets in custody.

Once the audit hits, WLF plans to publish monthly reserve updates. That level of transparency could help win over big players and everyday users alike.

Zak Folkman, the co-founder of U.S. President Donald Trump’s cryptocurrency platform World Liberty Financial, said on Wednesday that the company will issue an audit of its stablecoin “within days” and that it planned a new app. https://t.co/kTZVLB7n7O

— Reuters Legal (@ReutersLegal) June 26, 2025

Mobile App Aims At Everyday Investors

Based on reports, the upcoming app will make it easier for people to buy, hold and send USD1. It looks to simplify on-ramps and off-ramps so that someone new to crypto won’t feel lost.

WLF co-founder Zak Folkman shared the news on June 25 at the Permissionless conference in Brooklyn. He said the app will come with clear financial data, showing what funds back each token.

Governance Token May Open Trading

WLF also hinted that WLFI, its governance token, could soon hit exchanges. WLFI has been non-tradable so far and lets holders vote on changes to the USD1 protocol.

Folkman teased that, within weeks, holders “will be very, very happy.” If WLFI starts trading, it could bring new cash into the project—but also fresh price swings.

Trump Family’s Stake Shift Draws Scrutiny

Reports disclose that the Trump family cut its WLF stake from 60% to 40% in June, pocketing about $130 million. In total, that reduction brought in roughly $190 million for the family business.

Lawmakers and ethics watchdogs have pointed to potential conflicts, given that WLF’s stablecoin operations moved ahead as crypto rules were being eased.

Institutional Deals And Airdrop Boost

USD1 has already found big users. In March, MGX, a firm in the UAE, invested $2 billion in Binance using USD1 tokens. Earlier in June, WLF ran a $4 million USD1 airdrop that reached over 85,000 wallets.

What Comes Next

The key will be how the audit actually reads. Will the numbers match WLF’s claims? Then there’s the app’s rollout and whether it draws a crowd. Finally, a WLFI listing could shake up trading desks.

If everything lines up, USD1 could sit alongside the top stablecoins by the end of the year. But any surprises in the audit or a rocky app launch could slow that momentum.

Featured image from Pexels, chart from TradingView

Tokyo-listed Metaplanet Inc. has slipped past Tesla in the public-company Bitcoin league table after revealing a fresh purchase of 1,234 BTC that lifts its treasury to 12,345 BTC. The move is set out in a filing dated 26 June 2025, in which the company “announces the acquisition of additional BTC as part of its ongoing Bitcoin Treasury Operations,” adding that the latest tranche was acquired at an average ¥15.62 million per coin for an aggregate ¥19.27 billion outlay. The disclosure places the group’s cumulative cost basis at ¥175.68 billion, or roughly $1.11 billion at current exchange rates.

Metaplanet Surpasses Tesla In Bitcoin Ranking

Using BitcoinTreasuries.net’s spot price of about $107,400, Metaplanet’s stack is now valued near $1.33 billion, slotting the company into seventh place on the site’s real-time ranking of publicly traded holders. Ahead of it sit CleanSpark (12,502 BTC), Galaxy Digital (12,830 BTC), Riot Platforms (19,225 BTC), XXI (37,230 BTC), Marathon Digital (49,678 BTC) and the sector’s runaway leader MicroStrategy (592,345 BTC). Tesla, whose last reported balance stands at 11,509 BTC, falls to eighth.

Metaplanet’s accumulation curve has been steep. The treasury held 398 BTC on 30 September 2024, 1,762 BTC at year-end, 4,046 BTC on 31 March 2025 and 10,000 BTC by mid-June; yesterday’s purchase pushes the figure still higher. Crucially, the company has sketched far more ambitious horizons: in recent investor materials it reiterated an “objective to accumulate up to 210,000 BTC—around one per cent of the maximum supply—by the end of 2027,” implying the need to add more than 200,000 BTC over the next 30 months.

Financing remains aggressive. Since January the firm has issued a rolling series of zero-coupon yen- and dollar-denominated bonds as well as 0 %-discount “moving-strike” warrants, repeatedly redeeming each tranche early with proceeds from the next. This revolving-door structure, dubbed the “210 Million Plan,” has already recycled more than ¥35 billion into spot Bitcoin while limiting interest expense.

Management highlights a treasury metric it calls “BTC Yield,” defined as the percentage change in BTC per fully diluted share outstanding; on a quarter-to-date basis the yield has reached 112.2 percent. “By isolating the impact of dilution, BTC Gain highlights the net Bitcoin accretion driven purely by the Company’s Bitcoin Treasury Operations,” the latest document states.

Tesla, meanwhile, has not bought Bitcoin since February 2021. Tesla’s balance has been frozen since it liquidated roughly 75% of its initial $1.5 billion position in the second quarter of 2022.

For Metaplanet, overtaking Tesla is more than a symbolic milestone. At 12,345 BTC the company now holds a little over 0.058 percent of Bitcoin’s 21 million-coin supply—fractionally ahead of Tesla’s 0.054 percent—and is the first Asia-based issuer to break into the top seven.

At press time, BTC traded at $107,180.

Ripple Chief Technology Officer (CTO) David Schwartz has commented on the XRP Ledger’s (XRPL) growth and what could come next for the network. The Ripple CTO’s statement has come to light amid a crucial upgrade to the XRPL, which would boost its utility.  

Ripple CTO Comments On XRP Ledger’s Evolution

In an interview, the Ripple CTO commented on how far the XRP Ledger has come, as the network continues to witness increased activity. David Schwartz then declared that institutional players would catalyze the next wave of mass adoption for the network. He claimed this would happen through the tokenization of real-world assets. 

The XRP Ledger is also becoming home to these tokenized assets. Ondo Finance recently launched its tokenized US treasury fund on the network. Meanwhile, last month, Dubai’s Land Department (DLD) chose the XRPL to pilot its tokenized real estate initiative in partnership with Ctrl Alt.

The Ripple CTO also mentioned in the interview that the most exciting projects are those that will provide financial services that ordinary people need. This will include tokenized loans, payment services, and investment products. He is also confident that that is what the XRP Ledger needs to take a chunk of the multi-trillion traditional finance (TradFi) market. 

Schwartz then circled back to tokenized real-world assets as one of the things that needs to be supported to enable the XRP Ledger to witness mass adoption. He also indicated that they need to key into ideas like fractional ownership and portfolios of loans. 

It is worth noting that Ripple already made it clear that it intends to build tools and services for tokenizing assets. The crypto firm believes that the real-world assets (RWA) could become a $30 trillion market by 2030 and wants to tap into it before it takes off massively. 

XRPL Version 2.5.0 Goes Live

In a blog post, the XRP Ledger announced that version 2.5.0 of ‘rippled,’ the reference server implementation of the network’s protocol, is now available. This upgrade release adds new features and bug fixes, and introduces amendments to several areas. This includes the TokenEscrow, Batch, PermissionedDEX, AMM, and EnforceNFT token features. 

Meanwhile, the new features include network I/O capacity to handle higher transaction loads. There is also enhanced transaction relay logic on the XRP Ledger now, and updated code reviewers for RPC changes. 

Commenting on the new XRPL version, Ripple developer Mayukha Vadari stated that this is possibly the best single lineup of amendments the network has had in one release. Ripple CEO Brad Garlinghouse also acknowledged the huge progress that has been made with this XRP Ledger upgrade and commended the team on the latest release. 

At the time of writing, the XRP price is trading at around $2.19, up in the last 24 hours, according to data from CoinMarketCap.

With the growing bullish market sentiment, Dogecoin has flipped positive as the popular dog-themed meme coin slowly builds on its newfound upward momentum. Several technical signals are starting to unfold on the DOGE’s chart, hinting at a possible continuation of the renewed upside movements.

Bullish Move Puts Dogecoin On Track For A Rally

Following a period of heightened bearish performance, Dogecoin has ventured into a bullish state as it targets the next key resistance located at the $0.17 level. Given that the broader crypto market maintains its current optimistic condition, DOGE could retest this key level in the upcoming days.

Delving into Dogecoin’s current price action, Trader Tardigrade, a seasoned technical expert and investor, has drawn attention to a signal that suggests that the meme coin is set for a bullish phase. Dogecoin is showing early indications of a possible recovery, and a recent positive move that reinforces the argument for an upcoming uptrend.

In the 1-hour time frame chart, Trader Tardigrade revealed that DOGE has formed a hidden Bullish Divergence. This critical move is observed on the Relative Strength Index (RSI) chart, a key momentum indicator.

With this key technical signal emerging, Trader Tardigrade believes that the development could indicate a greater chance of an impending upward trend continuation. A hidden bullish divergence is an indication of a continued uptrend despite a brief price decline.

Specifically, this move occurs when a momentum indicator, such as the RSI or MACD, produces a lower low as seen on the DOGE’s chart. Since the divergence often precedes upward movements and price spikes, Trader Tardigrade’s forecast of a continued rally is likely to materialize in the short term.

Past Trend Hints At A Massive Upsurge For DOGE

Even though Dogecoin has fallen sharply from its yearly high of $0.48, the meme coin is still trending in an ascending trend line. Trader Tardigrade has highlighted a massive ascending support trend line in the 2-week time frame chart.

The 2-weekly chart shows that this key rising trend line has been forming for nearly two years, particularly from September 2023 till the current date. Such a trend line reflects Dogecoin’s robust resilience over the years despite several notable pullbacks.

Looking at the chart, this move to retest the ascending trend line appears to be a bullish one. In 2023, DOGE witnessed a rally after retesting this trend line. A similar result was also observed in September 2024, which ultimately led to the current yearly high of $0.48.

Considering past scenarios as the meme coin retests the trend line once again this year, Trader Tardigrade is confident that a notable rally could be on the horizon. With each scenario resulting in a bigger upward move than the last, DOGE’s price is likely to experience a sharp spike beyond its yearly high and potentially revisit its present all-time high of $0.73.

Bitcoin is once again testing a critical resistance level after surging over 9% since Sunday, fueled by a shift in market sentiment and easing geopolitical tensions. The price now hovers just below the $110,000 mark—a psychological barrier that, if breached, could open the door to a new phase of price discovery. Bulls appear firmly in control of the short-term trend, but confirmation is still needed through a clean breakout above this key threshold.

According to fresh data from CryptoQuant, long-term holders (LTH) continue to play a pivotal role in this cycle. Throughout each of the three major rallies since November 2022, a pattern has emerged: LTH accumulation has preceded every major move higher. Now, at $100K, LTH accumulation is again rising steadily, suggesting this current consolidation could be laying the groundwork for yet another major rally.

With bullish momentum strengthening and structural support intact, all eyes are on Bitcoin’s ability to break above $110K. If it does, the next leg higher could be the strongest yet in this bull cycle.

Bitcoin Consolidates As Long-Term Holders Accumulate Once Again

Bitcoin is currently at a crossroads, holding key structural support yet struggling to define its next move. After rebounding above $105,000, the price remains just 5% away from its all-time high, but market participants are increasingly divided. Some analysts expect a strong breakout above the $110K resistance zone, potentially launching BTC into a new phase of price discovery. Others warn of a possible retracement below $100K, citing waning momentum and uncertain macroeconomic conditions.

Despite this uncertainty, on-chain data from top analyst Axel Adler suggests that Bitcoin’s long-term trend remains intact. Adler highlights a recurring pattern seen in each major rally during this cycle: sustained accumulation by long-term holders (LTH) before sharp price increases. The first notable instance came around the $28K mark, when LTH accumulation over 1–2 months helped fuel the breakout to $60K. A similar phase occurred at $60K, powering BTC’s run to $100K.

Now, Bitcoin is once again showing a growing LTH/STH ratio near the $100K level. Adler believes this phase of accumulation may last another 4–8 weeks before a potential breakout. If the past is any indication, a conservative price projection using a 1.6x multiplier puts the next rally target at approximately $160,000.

BTC Approaches Critical Resistance Near $109K

The chart shows Bitcoin trading at $107,355, pushing firmly into the resistance range between $103,600 and $109,300. After recovering from a brief drop below $100K earlier this month, BTC has climbed steadily and is now less than 2% from the cycle’s key resistance at $109,300. This zone has rejected price several times since March, making a breakout here crucial for confirming entry into price discovery.

Volume has picked up slightly during the latest move, indicating buyer interest. However, the lack of a volume spike still suggests caution among market participants. The 50-day and 100-day SMAs remain upward-sloping and well below current price levels, confirming bullish structure and providing strong dynamic support at $94,898 and $88,470, respectively. The 200-day SMA trails at $72,375, reinforcing the longer-term uptrend.

If bulls manage to break and hold above $109,300, it could trigger a sharp move upward, fueled by short liquidations and renewed bullish momentum. However, another rejection could signal continued consolidation between the key support at $103,600 and resistance above. This price action reflects the broader indecision in the market, as traders await a clear directional signal amid macroeconomic and geopolitical volatility.

Featured image from Dall-E, chart from TradingView

For years, Bitcoin has been regarded as the genesis of cryptocurrencies. Bitcoin is widely credited with laying the foundation for the modern digital asset industry since its creation in 2009 by the anonymous figure Satoshi Nakamoto. 

Interestingly, some investors have occasionally challenged the origin story of cryptocurrencies. A resurfaced claim is catching attention across the crypto community, particularly among XRP supporters, due to new evidence that Ripple’s XRP may have been created before Bitcoin.

XRP’s Origins In 2004

The discussion kicked off on the social media platform X after a user and crypto commentator known as SMQKE on the platform posted an interesting comment: “2014 E-mails confirm: ‘Ripple is older than Bitcoin.’” The post was accompanied by a screenshot from a 2014 email exchange that sheds some light on Ripple’s lesser-known history.

The email thread, dated February 2014, includes contributions from journalist Bailey Reutzel and developer Jeffrey Cliff. In it, Reutzel confirms that “The first iteration of Ripple was conceived by Ryan Fugger in 2004.” At this time, Satoshi Nakamoto had not yet introduced the concept of blockchain-decentralized digital payments. 

Fugger’s original vision of XRP was RipplePay, which is a peer-to-peer trust network designed to allow communities to issue and exchange credits long before any mention of a blockchain or mining. 

However, the platform struggled with issues related to uncommitted participants. As Reutzel explains in the message, Fugger sought ways to address these issues and eventually handed over the reins to Chris Larsen, who later co-founded Ripple Labs and XRP in 2012. Under Larsen’s leadership, Ripple began pivoting toward what we now understand as a blockchain-based cryptocurrency platform. But according to Reutzel, the shift was more about capitalizing on Bitcoin’s growing mainstream popularity at the time rather than copying its fundamentals.

Cliff, in the same email exchange, pushed back on the idea that Ripple was a reaction to Bitcoin hype. He stated: “Not true. Ripple predates Bitcoin, and the hype that followed.”

XRP’s Early Structure: Not Really A Crypto?

The emails make a clear distinction between Ripple as a network and XRP as a currency. It is well-known that Ripple wasn’t initially designed to be a crypto in the way Bitcoin was. In fact, Reutzel’s remarks clarify that Larsen positioned XRP as a cryptocurrency mainly to draw attention, not because the Ripple platform itself was about cryptocurrencies at the time.

XRP did not rely on proof-of-work or blockchain in its earliest form, but its purpose aligned with decentralizing financial exchange and cross-border payments. This concept would later be popularized through Bitcoin’s architecture. That alone makes the argument that the altcoin is technically older than Bitcoin difficult to dismiss outright, even if it wasn’t fully crypto in structure during its creation.

Nonetheless, many crypto investors would argue that Bitcoin is the original cryptocurrency. It continues to maintain that title till now as the largest cryptocurrency by market cap, with a current 64.8% share of the total industry.

This week has turned out to be quite a positive one, with Bitcoin, the largest digital asset, recovering from a recent drop below the $100,000 mark and surging to $107,000 once again. Given the renewed upward trend, BTC’s options market is exhibiting a pullback, which is a positive signal.

A Calmer Bitcoin Options Market

Bitcoin has displayed significant resilience since this week began, and several on-chain metrics are starting to move into positive territory as a result of its remarkable upward performance. One of the several key metrics that has turned positive is the Bitcoin Options 25 Delta Skew.

In recent research shared on the X (formerly Twitter) platform, Glassnode, a leading on-chain data analytics platform, revealed that the Bitcoin Options 25 Delta Skew has witnessed a notable drop in the last few days. While the drop may seem like a cause for alarm, it is actually a good sign of growing market sentiment.

A drop in this crucial metric that gauges trader sentiment and risk appetite implies that the options market is slowly stabilizing or cooling down. This shift is the metric that often suggests that excessive hedging action is abating.

According to the on-chain platform, this stabilization of the Bitcoin Options 25 Delta Skew metric comes after the sharp decline in BTC’s price last week. Such a cooling amidst growing BTC’s price may indicate a market that is settling into equilibrium as traders anticipate the next major move. 

Data shows that the skew in the 1-week time frame has fallen by nearly 8%, particularly from 10% to 2.96%. Furthermore, the skew has also dropped to -2.6% and -4.3% in the 3-month and 6-month time frames, respectively.

Glassnode noted that the development suggests less short-term panic but persistent medium-term caution when coupled with a put-heavy volume profile. Given the renewed upward trend in price, this cooling phase might play a pivotal role in Bitcoin’s subsequent move.

BTC Set For A Rally To New Highs

While BTC’s price has recovered remarkably from recent pullbacks, technical indicators suggest a continuation of the uptrend, potentially leading to a new all-time high in the coming weeks. Captain Faibik, a crypto analyst and trader, asserted that BTC is currently forming a Bullish Flag formation, a structure typically associated with price spikes. 

Bitcoin may be setting up for a rally, but the expert claims that a final correction is likely to occur before the massive leg-up kicks off. The analyst expects the asset to drop to the $97,000 and $98,000 price range before bouncing back toward the $108,000 crucial resistance level. 

Captain Faibik’s analysis reveals that $108,000 is the next pivotal level that bulls must break and close above for BTC to confirm a clean breakout from the flag pattern. Upon confirmation of the breakout, the expert believes that Bitcoin will rally to $130,000, which he has placed as his mid-term target.

Рынки вздохнули с облегчением после новостей о подтвержденном перемирии между Ираном и Израилем, что вызвало ралли облегчения по всему спектру глобальных активов.

Биткоин (BTC) отскочил до $108 000, восстановив позиции и вернув надежду на фоне недельной напряженности на рынке. Но если Bitcoin просто восстановился, то Wall Street Pepe (WEPE) буквально взорвался.

Финансово подкованный лягушонок в деловом костюме вырос на 68% за ночь, достигнув $0.000068984 – не только обогнав BTC, но и превзойдя почти весь сектор мем-коинов за один скачок.

И это не случайность: успех WEPE держится на процветающей экосистеме и последовательной реализации дорожной карты. После громкой предпродажи в начале года, проект стабильно выполняет обещания. А все эти “зеленые свечи” – просто еще одно самодовольное похлопывание по груди в зале заседаний.

Победная серия WEPE продолжается

Рост цены Wall Street Pepe особенно выделился на фоне просевшего рынка. За последние 24 часа общая капитализация крипторынка снизилась на 1,37%, а сектор мем-коинов упал на 4,3%. Но WEPE остался на плаву и даже показал положительную динамику.

Фактически, токен оказался в числе топ-гейндеров за ночь, уступив только Daddy Trump (TADDY) и Degen Arena (DEGEN). Особенно впечатляет, что оба конкурента имеют рыночную капитализацию менее $1 млн, в то время как WEPE уже приближается к отметке в $10 млн. Он играет в высшей лиге – и побеждает.

Причем такая динамика для WEPE не в новинку. На прошлой неделе, когда рынок просел, и большинство активов показали двузначные потери, WEPE вырос на 84%, в очередной раз доказав, что способен расти на волатильности.

С начала месяца токен уже прибавил 243%, и этот рост отражает расширение экосистемы. У проекта более 80 000 держателей в сети и свыше 1 200 активных участников в закрытом чате Alpha Chat. Многие из них сообщают о доходности от 500% до 1000% на основе инсайдерских сигналов. И эти держатели не просто фиксируют прибыль – они продолжают покупать, и именно это подталкивает WEPE все выше.

Восхождение WEPE напоминает ранний взлет PEPE

Wall Street Pepe начинает повторять путь, который уже доказал свою эффективность. В 2023 году PEPE стартовал с одним лишь тикером и мемом. Без дорожной карты, без утилиты, без крупных инвесторов.

Но у него было главное – поддержка со стороны розничных трейдеров. Люди покупали, держали и превратили шутку в крипто-гиганта. Результат? Доходность 16,928% от дна до текущей цены и третье место среди мем-коинов по рыночной стоимости.

Источник: CoinGecko

WEPE не пытается стать следующим PEPE, но идет по той же проторенной дороге. Это живое доказательство того, что происходит, когда обычные трейдеры, а не киты, берут торговые графики под контроль. Сообщество не ждет листинга на биржах и не зависит от инфлюенсеров. Оно уже действует: покупает, удерживает и создает такой объем торгов, который невозможно игнорировать.

При текущей рыночной капитализации у WEPE очевидно есть потенциал для роста. Он пока еще на ранней стадии по сравнению с более знаменитыми мем-гигантами, и именно это привлекает трейдеров.

Этот интерес усилился после того, как Bitfinex, одна из старейших централизованных криптобирж, ретвитнул официальный пост WEPE две недели назад. Публикация моментально вызвала волну спекуляций в социальных сетях о возможном листинге. Пока ничего не подтверждено, но Bitfinex не склонен к случайным действиям: если они что-то делают, за этим часто следует событие.

Как присоединиться к росту WEPE

Путь Wall Street Pepe только начинается. Чтобы стать частью движения, перейдите на официальный сайт Wall Street Pepe, подключите свой кошелек (например, Best Wallet) и получите доступ к WEPE Army, приобретя токены WEPE.

Также вы можете присоединиться к текущей кампании QuestN – выполняйте задания в соцсетях и блокчейне, поднимайтесь в лидерборде, получайте награды и открывайте доступ к грядущей NFT-коллекции из 5 000 предметов, при этом держатели WEPE получат преимущество при начислении очков.

На данный момент в кампании уже участвуют более 150 000 человек, а общее число просмотров превысило 10,8 млн. Все это помогает WEPE расширять свое присутствие в Web3 и выходить за рамки простой динамики цены.

Для получения обновлений, анонсов и доступа к сообществу подписывайтесь на Wall Street Pepe в Telegram.

Ripple’s latest blog post, published on 25 June under the title “Introducing Permissioned DEX on the XRP Ledger: Unlocking Institutional Access to DeFi,” sets out to solve what it calls the primary roadblock to institutional engagement with decentralized exchanges: regulatory compliance. The company contends that banks, payment processors and other heavily regulated entities have long been locked out of on-chain liquidity because an open order book cannot, by definition, enforce know-your-customer or anti-money-laundering rules. Ripple now claims to have removed that obstacle by grafting compliance controls directly into the core of the XRP Ledger’s decade-old decentralized exchange.

Ripple Just Rewired DeFi On The XRP Ledger

The mechanism relies on two protocol-level standards that have already been submitted for validator approval. The first, called Credentials, is a cryptographically signed attestation—issued by an approved third party—that a given wallet meets specific due-diligence requirements. The second, Permissioned Domains, lets an operator publish a rule set that defines which credential types are acceptable inside a particular trading enclave.

Because the XRP Ledger’s matching engine is built into the base layer rather than a smart contract, the rules are enforced every time the engine evaluates an offer. Any order that fails to present the proper credential is simply invisible to the gated books, while public orders remain visible to the entire network but can never interact with the permissioned pool. Ripple emphasizes that no custom contracts are required, that liquidity remains consolidated on the main ledger and that access controls add zero additional transaction fees.

To illustrate the workflow, the post describes a scenario involving three parties. Bob, who operates a Permissioned Domain, stipulates that only wallets holding a specific KYC credential may trade inside it. Alice, who lives in Bob’s jurisdiction, already possesses the credential and therefore interacts freely with the gated order books. Charles, an arbitrageur eager to exploit price differences between Bob’s market and the open market, acquires the same credential; once approved, he can quote on both sides of the firewall without ever mixing the two liquidity pools, because the ledger enforces the separation automatically.

Ripple devotes much of the announcement to the practical advantages for treasury and payments desks. It argues that a permissioned FX swap can move dollars into a USD-backed token, transmit that value across borders and convert it into a local-currency stablecoin, all within a domain where every counterparty has already cleared KYC.

The same structure, the company says, could underlie contractor payroll in emerging markets, cross-border B2B settlements or internal corporate‐treasury rebalancing among fiat, crypto and tokenised deposits. In each of these use cases, the critical innovation is that counterparties no longer need bilateral legal agreements or off-chain whitelists: the ledger itself guarantees that every participant inside the domain meets the requisite regulatory threshold.

Ripple is careful to argue that permissioning does not dilute the decentralized character of the XRP Ledger. Participation in a gated market is voluntary, the credential schema is open for any trusted issuer to adopt, and validators must still vote the amendments live. Under XRPL governance rules, each amendment—including those that introduce Credentials and Permissioned Domains—must reach at least 80% validator support for a continuous two-week span before it activates. If that bar is cleared, the first permissioned order books could come online by mid-July.

The blog post situates Permissioned DEX within a broader “compliance-by-design” roadmap that already features issuer-controlled transfer limits for stablecoins and escrow primitives for regulated assets. Ripple’s pitch is that institutions no longer have to choose between on-chain efficiency and regulatory peace of mind; the XRP Ledger can now deliver both in a single, protocol-native package.

At press time, XRP traded at $2.18.

SoFi Technologies is back in crypto. On Wednesday, the online banking platform said it will let customers trade digital coins and send money abroad using blockchain.

This marks a full turn from last November, when SoFi paused its crypto services to secure a bank charter under tighter rules.

SoFi Reopens Crypto Doors

According to a waitlist notice on SoFi’s website, users can soon buy, sell, and hold popular tokens in their accounts. The firm also plans to roll out stablecoin offerings down the road.

There’s even a hint at borrowing against crypto and new staking features. That means customers might earn rewards on proof-of-stake assets or tap their holdings for loans without selling.

A New Spin On Remittances

Based on reports, SoFi’s remittance tool will convert US dollars into crypto, move it on-chain, then change it back into local currency. This could cut both time and fees compared with old-school services.

The fintech blockchain sector is set to jump from $3.5 billion in 2024 to $50 billion by 2030, according to Insider. If SoFi nails the flow and liquidity, it could undercut players like Western Union and MoneyGram.

Regulation Winds Have Shifted

SoFi exited crypto in November 2023 to comply with bank-charter rules. But under the US President Donald Trump administration, stablecoin bills have gained traction in Congress.

The Federal Reserve’s move to drop “reputational risk” from bank exams also clears a path for crypto-bank ties. Still, SoFi will need to watch both federal and state rules as they evolve.

Galileo’s Wider Role

The company’s Galileo platform won’t just power SoFi’s own products. It will host third-party wallets and custody services, too. By opening its rails to other apps, SoFi hopes to grab fees and embed blockchain tech in more corners of finance. It’s a two-pronged approach: serve its members and support outside developers.

Very excited about the innovation we can drive via blockchain and crypto across our businesses. @Sofi ‘s planned new international payments (frequently called remittances) will convert fiat to crypto, transmit via blockchain, and convert to local fiat. It’s only day 1 of the type… https://t.co/KIIyXMEHJo

— Anthony Noto (@anthonynoto) June 25, 2025

Market Reaction and Next Steps

SoFi stock (ticker: SOFI) jumped over 10% over the past week, based on Google Finance data. Investors seem to like the pivot. But the real test will come with execution.

Customers expect smooth apps, low fees, and iron-clad security. Any hiccup—especially in converting crypto back to local fiat—could cause headaches and chatter with regulators abroad.

CEO Anthony Noto said this is only “day one” of what they can build with blockchain, crypto, and AI “to make financial services faster, easier, safer, more accessible, and lower cost for our members.”

If SoFi delivers on those goals, it could become one of the first big banks to bridge traditional finance and digital assets in a meaningful way. Until then, all eyes will be on its waitlist and the first wave of customer feedback.

Featured image from Relo.AI, chart from TradingView

Российский ВТБ предоставит клиентам доступ к цифровым финансовым активам (ЦФА), интегрировав инструмент в интерфейс мобильного приложения до конца года, сообщил руководитель дирекции ЦФА банка Сергей Рябов.

The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to recognize cryptocurrency as an asset in their assessments of single-family mortgage loan risks. 

This directive, issued by FHFA Director William J. Pulte, marks a pivotal moment in the integration of digital assets within the traditional finance framework, particularly in the realm of home lending.

Crypto As Asset For Home Loans

According to CNBC, the order mandates that both Fannie Mae and Freddie Mac create proposals that allow borrowers to use digital assets without needing to convert them into US dollars before closing a loan. 

Pulte emphasized that this initiative aligns with President Donald Trump’s vision of positioning the United States as a global leader in cryptocurrency.

Historically, cryptocurrency has been largely excluded from mortgage underwriting due to concerns over its volatility, regulatory ambiguities, and the challenges associated with verifying asset reserves. 

However, this new directive signals a shift in perspective, recognizing the increasing acceptance of crypto within institutional finance and federal policy.

A ‘Monumental Shift’

The FHFA’s order acknowledges cryptocurrency as an emerging asset class that could provide opportunities for wealth building outside of conventional stock and bond markets.

Yet, the directive specifies that only digital assets stored on US-regulated, centralized exchanges (CEX) will be considered, ensuring that these assets can be clearly evidenced. 

Additionally, Fannie Mae and Freddie Mac are required to implement measures to account for the “inherent volatility of cryptocurrencies,” ensuring that these assets do not jeopardize their underwriting standards.

Both enterprises will need to submit their proposals for assessment to their respective boards of directors and subsequently to the FHFA for final approval. 

Fannie Mae and Freddie Mac, which were placed under government control in September 2008 as government-sponsored enterprises (GSEs), play a crucial role in the US housing market, holding over $7 trillion in housing loans.

Market expert Echo X weighed in on this development in a recent social media post on X (formerly Twitter), asserting that the decision to allow digital assets as reserves represents a monumental shift. 

The expert noted that this change will enable borrowers to use their crypto holdings as part of their home loan qualifications, eliminating previous barriers that required users to liquidate their assets to qualify for loans. 

According to Echo X, this move opens the floodgates for genuine adoption of cryptocurrency within the housing market, signaling the dawn of a tokenized real estate market supported by the US mortgage system.

This decision caused an uptick in prices across the broader digital asset ecosystem, with Bitcoin (BTC) surging 1.5% toward $107,000 in the 24-hour chart. Consequently, the total crypto market cap also surged to $3.27 trillion.

Featured image from DALL-E, chart from TradingView.com

In a significant setback for both Ripple Labs and the US Securities and Exchange Commission (SEC), Judge Analisa Torres has denied their joint request for an indicative ruling, indicating that the ongoing legal dispute will not be resolved just yet. This ruling comes despite both parties expressing a willingness to terminate the case.

Ripple And SEC Face Legal Setback

For context, a settlement was reached in March 2025, wherein Ripple agreed to pay a $50 million fine, a substantial reduction from the initial $125 million that had been proposed. 

The SEC also dropped its appeal, suggesting that the main legal confrontation between the two entities had effectively concluded. However, Judge Torres’ recent decision underscores that certain procedural steps still need to be addressed, including necessary court approvals.

In her ruling, Judge Torres emphasized that private agreements cannot override public judgments. She stated, “The parties do not have the authority to agree not to be bound by a court’s final judgment… They have not come close to doing so here.” 

This statement reinforces the idea that the court’s decisions serve the broader public interest, and any resolution must be in accordance with established legal standards.

As highlighted by FOX journalist Eleanor Terret, if Ripple and the SEC wish to extricate themselves from the case, Judge Torres indicated they have two options: they can either withdraw their appeals and allow the judgment to stand or proceed through the appeals process to contest it. 

XRP Price Takes A Hit

Following the judge’s recent decision, the XRP price dropped on Thursday, falling back to the $2.14 level by the time of publication. This represents a 4% decline in the last 24 hours for the fourth largest cryptocurrency.

Over the last month, XRP has also recorded a 9% drop. However, year-to-date, the cryptocurrency has surged nearly 350%, outperforming the ten largest digital assets in the industry, including Bitcoin (BTC).

Featured image from DALL-E, chart from TradingView.com 

Японская инвестиционная компания Metaplanet объявила о покупке 1234 биткоинов и увеличении своих резервов до 12 345 ВТС. Это увеличение позволило Metaplanet превзойти американскую компанию Tesla, которая является одним из крупнейших публичных держателей первой криптовалюты и владеет 11 509 BTC.