Alloyed Bitcoin liquidity has witnessed a significant increase, currently holding more than $13 million in deep liquidity on the innovative DEX platform, Osmosis Zone.
This surge highlights increasing engagement from individual and institutional investors and indicates the substantial role that Osmosis is playing in providing Bitcoin DeFi solutions.
The Role That Osmosis Zone Plays Despite Bitcoin being the largest digital asset, it remains significantly unlinked from DeFi. Without an efficient multi-chain liquidity or a native DEX, Bitcoin holders, in many cases, encounter slow, expensive transactions and difficulties when moving between networks.
Osmosis Zone is a DeFi appchain and DEX running on top of the Cosmos blockchain, designed to serve the needs of specific crypto assets. It functions as a trading and liquidity gateway for tokens on appchains without a native spot DEX, including Bitcoin (BTC), dydX (dydX), Celestia (TIA), and others.
Bitcoin Layer-2 platforms like Rootstock, Merlin, and Stacks offer their own representative versions of BTC.
Since these variations are not natively interchangeable with native Bitcoin or each other, moving them normally requires reverting them back to the main Bitcoin blockchain, which is considerably slow and costly.
Osmosis has emerged as a major cross-chain DEX platform that moves these types of tokens between networks in a decentralized way.
To address such fragmentation and interchangeability challenges, Osmosis launched Alloyed Bitcoin, a tech product that unifies numerous Bitcoin variations into one liquid asset.
Alloyed Assets: Game-Changer for DeFi The above impressive liquidity growth aligns with Osmosis’s continued functioning as a major cross-chain gateway, enabling seamless interoperability between BTC variants. It utilizes alloyed assets infrastructure, a network that combines numerous representations of Bitcoin into a single tradable asset.
The increase in alloyed Bitcoin liquidity on Osmosis indicates rapid user utility of this Alloyed Asset mechanism, indicated by surging inflows of investments into Osmosis.
This trend suggests that Osmosis products continue to mature, attracting more inflows of funds and utility, further boosting the network’s stability.
The rise in alloyed Bitcoin liquidity is a testimony to the capability of these offerings designed to solve the challenges of market fragmentation.
Alloyed assets continue to evolve, as currently they can be utilized as a risk-diversified version of tokens that are tradable in the Osmosis network.
Osmosis has witnessed persistent surges in Bitcoin trading volume and liquidity since it launched this product. The platform seeks to become a trading gateway for all BTC-related tokens by using the same linkages that link to sources to BTC itself.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
PANews reported on August 21st that Osmosis has officially announced that its protocol has generated over $20 million in revenue. This revenue is used to support stakers, Bitcoin accumulation plans, and the growth of the community funding pool, driving the sustainable development of the ecosystem.
According to previous news, Osmosis plans to optimize the OSMO token economic model: increase Bitcoin reserves, achieve OSMO net deflation by the end of the year, etc.
Author: PA一线
This content is for market information only and is not investment advice.
PANews reported on April 6th that the Osmosis team announced an update to the Cosmos Hub proposal, based on feedback from validators and the community, canceling the plan to add new ATOM minting. The required ATOM will be gradually purchased from the DEX through protocol revenue to support the OSMO→ATOM conversion. A revenue support model linked to protocol performance will be introduced, with the total acquisition volume controlled to within 2.5% of the ATOM supply.
Previous reports indicated that Osmosis plans to optimize the OSMO token economic model, including increasing Bitcoin reserves and achieving net deflation for OSMO by the end of the year .
Author: PA一线
This content is for market information only and is not investment advice.
PANews reported on April 14th that, according to SoSoValue data, rising expectations of a US-Iran agreement have restored market confidence, leading to widespread gains in the crypto market. The DeFi sector performed particularly well, rising 5.00% in the last 24 hours. Hyperliquid (HYPE) rose 7.06%, while Lido DAO (LDO) and Aave (AAVE) rose 9.94% and 10.75% respectively. Meanwhile, Bitcoin (BTC) rose 4.51%, surpassing $74,000, and Ethereum (ETH) rose 7.56%, surpassing $2,300.
In other sectors, the RWA sector rose 4.05% in the last 24 hours, with Plume (PLUME) surging 13.92% within the sector; the CeFi sector rose 2.78%, with NEXO (NEXO) rising 3.79%; the Layer 1 sector rose 2.76%, with Algorand (ALGO) rising 8.11%; the Layer 2 sector rose 2.75%, with Optimism (OP) rising 6.90%; the PayFi sector rose 2.59%, with Telcoin (TEL) rising 12.07%; and the Meme sector rose 1.85%, with Binance Life rising 13.20%.
A pointed critique from inside Ethereum’s developer ranks argues that ether’s 65% slide against Bitcoin (BTC) since the Merge stems from specific execution failures at the Ethereum Foundation, not from broad market cycles or coordination problems.
Reid, an ICO-era participant who still builds on Ethereum (ETH), published the indictment, framing the underperformance as accumulated execution debt with names, dates, and missed product calls.
A 65% Drop With Names AttachedReid’s central data point lines up with public market data. The ETH/BTC ratio peaked near 0.085 around the Merge in September 2022.
It has fallen to roughly 0.028 by late May, capturing ether’s underperformance against Bitcoin. Ether currently trades below $2,000, down 21% over the past year.
Ethereum to Bitcoin Ratio. Source: Longterm TrendsReid rejects Bankless co-founder David Hoffman’s framing of ether’s “deserved cap” as a noble ceiling. He argues the cap sits lower than bulls expected, for reasons with names and dates rather than coordination theory.
Reid covers credit and real-world assets at firms including Figure and Securitize, and discloses he is still long ether.
ESG Marketing and a Missing Staking InterfaceReid argues the Merge’s 99.95% energy-reduction message answered questions capital allocators never asked.
Institutions wanted yield, developers wanted finality, and users wanted cheaper transactions. Solana sold raw speed during the same window.
Proof-of-stake sat on the roadmap from 2015 and took seven years to ship. Solana launched mainnet beta in March 2020 and shipped wallets, decentralized exchanges, and money markets while Ethereum debated specs.
Vitalik Buterin’s writing through 2024 and 2025 shifted from Casper specs toward pluralism and network states.
Reid reads that tone as an established Ethereum cultural posture rather than an active competitive one.
The smoking gun, in Reid’s read, is the absence of a first-party staking app three years after the Merge.
The official path still requires running a validator with at least 32 ETH. Most users route through Lido, which holds about 24% of staked ETH despite repeated centralization warnings from developers.
“‘We don’t pick winners’ is what an organization says when it does not want to compete,” Reid remarked.
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Rollups as Managed DeclineThe rollup-centric roadmap drained the base layer. EIP-4844 went live in March 2024 and pushed blob fees near 1 wei through most of 2024 and 2025.
Ethereum’s quarterly transaction fee revenue has fallen roughly 95% from a Q4 2021 peak of $4.3 billion.
Ethereum Transaction Fee Since 2021. Source: Token Terminal Arbitrum has marketed 90% to 98% operating margins on its L2s. Base captured close to 70% of rollup profits by mid-2025.
Every major L2 issued its own token, fragmenting capital flows inside the ecosystem.
Reid contrasts this with Solana’s integrated L1, which has shown fee capture accruing directly to its native token.
The remaining question is whether Foundation product cadence shifts. The ETH/BTC ratio’s path through the rest of the cycle will reflect the answer.
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Once more making waves with some fascinating predictions is Shiba Inu (SHIB). Top trader Dexter has set an ambitious long-term target for the meme coin despite market volatility, expecting it may rise from $0.00001389 to $0.00015, which is almost a 1,000% increase.
SHIB is exhibiting a 1.27% growth over the previous 24 hours, and over 7% in the last week. Still, it’s not getting much traction even while the larger crypto market shows an improving trend.
Dexter forecasts SHIB could rally to a long-term target of $0.00015. Analyst Krao at TradingView presents a somewhat different prediction. With a whopping 7,300% gain from its present price, Krao is hopeful that SHIB might perhaps soar to $0.001 by early 2025.
His positive view rests on a fundamental technical pattern shown on the monthly chart. SHIB has been caught in a protracted decline since reaching its all-time high in October 2021 of $0.000088. A break from this declining wedge formation, according to Krao, could set off a major rally and propel SHIB skyward.
Shiba Inu: Short-Term Forecast Unlike Krao’s long-term hope, CoinCodex presents a more wary short-term SHIB projection. Their study shows that the price is expected to gradually decline by 0.69%, maybe reaching $0.00001397 by October 13, 2024.
With the Fear & Greed Index showing a level of anxiety at 32, the overall mood is neutral. This captures a degree of market anxiety that can affect the near-term fluctuations in SHIB. Despite this, some analysts advise that considering the possibility for future gains, now could still be a good time to buy SHIB.
Source: CoinCodex Current Market Sentiment Before somewhat recovering, SHIB’s price dropped into the $0.000012 area earlier this week. The token’s performance has been underwhelming on weekly and monthly bases. Its recent price path has shown more gloomy days than more hopeful ones.
Apparently moving their money to other joke currencies like PEPE and Dogelon Mars, which are now outperforming SHIB, are retail investors. Dexter keeps a good perspective in front of these difficulties.
He is hoping that SHIB might still eradicate another zero, so increasing its value in the next months. Having a market cap of more than $7.78 billion, SHIB is still rather prominent in the digital currency scene.
SHIB market cap currently at $8.15 billion. Chart: TradingView.com Support And Resistance Dexter’s study identifies critical support areas for SHIB, mostly between $0.00001076 and $0.0000120. SHIB needs these support levels if it is to get back up and increase momentum. Should SHIB decline from these levels, it may do so significantly to $0.000007.
From its present value, this possible drop would be 47%; from its annual high of $0.000045 attained in March, it would signal still another dip. Technical signs point to SHIB as at a turning point. Whether it can keep these important support levels will mostly determine its capacity for a bounce-back.
Looking Ahead While Shiba Inu negotiates its present difficulties, different analysts present conflicting views. While Dexter’s long-term optimism and Krao’s ambitious forecasts offer a more complicated picture, CoinCodex offers a cautious short-term prognosis projecting a decline in SHIB’s price.
Dexter’s optimistic long-term goal highlights a notable difference in perspective when it compared with Krao’s prognosis for a major rally These insights from CoinCodex, Dexter, and Krao should be carefully taken into account by investors assessing SHIB’s future under continuous market uncertainty.
Featured image from Revolutionized, chart from TradingView
Dogelon Mars (ELON) trades at $0.00000022 on Monday after losing key support as altcoins plummeted alongside Bitcoin in the market-wide crypto crash.
As crypto traders digest the news of United States (US) President Donald Trump’s tariff announcements and the correction in global stock markets, risk assets like Bitcoin and altcoins corrected.
ELON market capitalization slipped to $122.24 million on Monday as the token wiped out 6% of its value in the last 24 hours. Derivatives traders deleveraged, ELON observed a 15% decline in its Open Interest (OI), a key metric.
OI is the total value of all open derivatives contracts in an asset, therefore a decline in OI is indicative of the dropping relevance and demand for the token.
ELON open interest | Source: Coinglass
The correlation between Dogelon Mars and Bitcoin is 0.73 in the 30-day timeframe as seen on TradingView. The correlation explains why Bitcoin price correction dragged down ELON, sending the token lower, under key support at $0.00000022.
Nearly $1.53 million in options were traded in ELON in the past day, according to Coinglass data. The long/short ratio across derivatives exchanges is under 1, meaning traders are currently bearish on ELON and expect the cryptocurrency to decline further.
On the 12-hour timeframe, the Moving Average Convergence Divergence (MACD) flashes red histogram bars under the neutral line, signaling negative underlying momentum. The Relative Strength Index (RSI) is in a downward trend and reads 44, under the neutral level of 50.
ELON could slip to the next low, the lowest level in January 2025 at $0.00000017, as seen in the chart below.
SpaceX is set to debut on Nasdaq under the ticker SPCX as early as June 12, 2026, after filing its S-1 with the SEC on May 20. Elon Musk has agreed to lock 100% of his shares for 366 days.
The arrangement has redrawn how crypto venues price the company before listing. Hyperliquid, Binance, OKX, Bitget, and BingX each run synthetic SPCX perpetuals while accredited investors access real shares through Forge Global and EquityZen at a $1.75 trillion valuation.
Six Investor Questions on the SpaceX IPO MechanicsThe following are some of the questions and answers investors must have, even as Elon Musk locks up 100% of his SpaceX holdings for a year.
JUST IN: Elon Musk locks up 100% of his SpaceX $SPCX holdings for 366 days
— Gemini (@Gemini) June 2, 2026 Follow us on X to get the latest news as it happens
1. Can retail investors actually buy SpaceX shares before the IPO, or only synthetic exposure?Direct ownership remains off the table for anyone outside the cap structure.
Synthetic perpetuals listed on Hyperliquid, Binance, Bitget, OKX, and BingX simply mirror an implied valuation through derivative contracts and confer no shareholder rights.
Secondary platforms such as Forge Global and EquityZen require accredited or qualified institutional status, locking out smaller buyers.
Crypto perpetual contracts therefore stand as the sole entry point for non-accredited traders looking to position around crypto markets pricing SpaceX ahead of June 12.
2. How do crypto perpetual markets like SPCX-USDC price SpaceX without a public listing?Pricing flows from a constructed oracle rather than a live exchange feed, because no public market for SPCX exists yet.
The oracle blends comparables from recent private tender offers, mention-weighted public-company proxies, and likely midpoints from Polymarket and Kalshi prediction markets.
Funding payments then nudge the contract back toward the anchor whenever traders push it too far in either direction.
The setup leaves SPCX-USDC more vulnerable to oracle disputes and forced unwinds than a typical listed instrument.
3. What happens to pre-IPO derivatives and tokenized products after the Nasdaq debut?Once SPCX prints on Nasdaq, deployers will either retire the pre-IPO contracts or migrate them to perpetuals tied to the live share price.
The Hyperliquid HIP-3 upgrade gives Trade.xyz the flexibility to convert or sunset the market entirely. Bitget, OKX, and BingX have stayed silent on what comes next for their pre-IPO products.
Tokenized SpaceX shares from Ondo, Backed Finance, and Dinari are queued for release within hours of the bell, creating a parallel 24/7 access layer.
250+ assets. 20+ sectors. 24/7 access.
The world's largest tokenized stock platform covers a wide range of assets across:
✅ AI
✅ EV
✅ Tech
✅ Space
✅ Telecom
✅ Defense
✅ Financial
✅ Industrial
✅ Quantum
✅ Consumer
✅ Commodities
✅ Fixed Income
✅ Cybersecurity
✅… pic.twitter.com/g4YjWzHQNL
— Ondo Finance (@OndoFinance) April 3, 2026 4. Is SpaceX’s reported Bitcoin treasury figure fully verified or partly based on tagged wallets?The S-1 filed with the SEC on May 20, 2026, is the controlling source, and that document records 18,712 Bitcoin (BTC) on SpaceX’s balance sheet.
SpaceX Bitcoin Holdings Listed on S-1 FilingArkham Intelligence has publicly identified only 8,285 BTC tied to labeled SpaceX Bitcoin treasury holdings through April 2026, leaving a substantial portion unlabeled.
Analysts attribute the shortfall to corporate addresses that have not yet been mapped on-chain.
“Elon’s SpaceX holding 18,712 BTC isn’t the real story. The real deal is that on-chain trackers only saw the tip of the iceberg. Arkham Intelligence had it pegged SpaceX Bitcoin holdings at ~8,000–8,285 BTC. So… how much Bitcoin are public companies actually hiding?” a popular user on X posed.
SpaceX values the position at $1.293 billion, against an acquisition cost of $661 million, with an embedded gain of nearly $632 million.
5. Why did Hyperliquid gain a first-mover advantage over centralized exchanges in SPCX trading?The HIP-3 standard allows independent deployers to spin up perpetual venues without waiting for a centralized listing review, thereby dramatically compressing the launch cycle.
CEX rivals must clear internal compliance and risk processes that typically take weeks.
Hyperliquid captured the resulting head start in volume, clearing $33 million on launch day on May 18 as the contract briefly hit $216 before resetting near $203.
The largest IPO in history prices in three weeks.
Five crypto platforms are already trading it and none of them are selling the same thing.
Here's a detailed walk-through 👇@HyperliquidX: Trade[.]xyz (SPCX-USDC)
Pure synthetic perpetual without SpaceX shares involved.… pic.twitter.com/3LTzDOC3rQ
— Onur 🍌🦍 (@0xc06) May 22, 2026 Trade.xyz, the deploying entity, is part of Hyperliquid’s tokenization arm, Hyperunit.
6. How should investors separate real IPO mechanics from speculative trading narratives?The cleanest split is to anchor every fact against the SEC filing and treat everything outside it as market interpretation.
The S-1 sets the legally binding inputs, including the 366-day Musk lock-up, the staggered 180-day terms for other shareholders, the 5% friends-and-family carve-out, and the 18,712 BTC treasury.
Synthetic perpetual prices, oracle constructions, and tokenized wrapper roadmaps sit in the second category and can move on sentiment alone.
Pegging positions to the filing first, then layering venue-specific risks on top, keeps trading narratives from contaminating the underlying valuation thesis.
The Bottom Line on the SpaceX IPOThe 366-day Musk lock-up cuts back near-term insider selling pressure. Other shareholders face staggered 180-day restrictions with early release triggers tied to earnings reports and share price performance above the IPO price.
The S-1 carves out roughly 5% of shares for employees and a friends-and-family pool with no lock-up.
For institutions weighing how to invest in SpaceX pre-IPO, the gulf between synthetic exposure and real equity stays wide until shares trade.
Musk retains roughly 85.1% of voting power through dual-class stock, keeping control concentrated even after listing.
Whether the constructed oracle pricing on crypto venues converges with the Nasdaq print after June 12 will be the cleanest test of how well these markets handled price discovery for a $1.75 trillion company.
Read also: SpaceX Wins $2.29 Billion US Space Contract, and 10 Assets Can Benefit 5 Ways Crypto Markets Are Pricing SpaceX Before Wall Street Can 10 Surprising Facts About Elon Musk’s $1 Trillion SpaceX IPO 3 Space Stocks To Watch Amid Elon Musk’s SpaceX IPO Hype Space-Themed ETFs are Flooding Wall Street Before Elon Musk’s SpaceX IPO
Kripto para piyasasında satış baskısı sürerken bazı altcoinler yönünü yukarı çevirmeyi başardı. Bitcoin‘in 61.383 dolar seviyesine kadar gerilediği günde yatırımcılar sert fiyat ayrışmalarına tanık oldu.
CoinGecko verilerine göre günün en güçlü performansını Worldcoin gösterdi. WLD fiyatı son 24 saatte yüzde 28,3 yükselerek 0,5073 dolara ulaştı. Buna karşılık TRON ekosisteminin merkeziyetsiz finans protokollerinden JUST yüzde 20,7 değer kaybederek günün en sert düşüşünü yaşayan varlık oldu.
Piyasadaki satış baskısına rağmen bazı projelerde risk iştahı tamamen kaybolmuş değil.
Sermaye seçici hareket ediyor.
Worldcoin ve Ethena Yükselişiyle Dikkat Çekti Günün en çok kazandıran büyük altcoinlerinden biri Worldcoin oldu. Dijital kimlik ve yapay zekâ temasıyla öne çıkan proje, son haftalarda yeniden yatırımcı ilgisi çekmeye başladı.
LAB ise yüzde 20,9 yükselerek 17,28 dolara çıktı. Herhangi bir büyük duyuru gelmemesine rağmen token güçlü performans sergiledi.
Ethena da yükseliş trendine katıldı. ENA fiyatı yüzde 18,1 artarken projenin piyasa değeri 1 milyar dolar sınırına yaklaştı.
Monero yüzde 7,3 yükseliş kaydederken Kaspa yüzde 4,9 değer kazandı.
Altcoin piyasasında sermaye rotasyonu yeniden hız kazandı.
JUST ve DeXe Tarafında Sert Satışlar Görüldü Kazananların yanında sert kayıplar yaşayan projeler de vardı.
JUST yüzde 20,7 gerileyerek günün en büyük kaybedeni oldu. Düşüşü açıklayacak önemli bir gelişme bulunmazken satış baskısı dikkat çekti.
DeXe yüzde 19,2 değer kaybetti. Son dönemde güçlü seyreden Humanity ise yüzde 17,6 düşüş yaşadı.
Bitcoin Cash ve Toncoin tarafında da çift haneli kayıplar görüldü.
Piyasadaki bu tablo yatırımcıların tüm altcoinleri aynı şekilde fiyatlamadığını gösteriyor. BTC zayıflığa rağmen belirli temalara sahip projeler sermaye çekmeye devam ederken, bazı tokenlerde satış baskısı derinleşiyor.
Önümüzdeki günlerde Bitcoin’in yönü ve makro ekonomik veriler, altcoin piyasasındaki bu ayrışmanın devam edip etmeyeceğini belirleyebilir.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
After flipping the $0.046 level to support, at a time when widespread panic ruled the crypto market, JST began to trend higher. It rallied from $0.046 to $0.097, a 112% move in three months.
In the past 24 hours, it saw a sizeable retracement in its uptrend. The token prices were down 10.7% in 24 hours, but the daily trading volume surged by 150%.
These price and volume trends suggested distribution instead of a mere retracement. Is it too early to conclude that the uptrend is ending?
JST’s 20.7% fall in a day has shaken bullish confidence Over the past two weeks, Bitcoin [BTC] has been falling from the $82k resistance zone.
The leading crypto is operating within a longer-term bearish trend. Its quick losses have turned the altcoin market’s sentiment firmly bearish.
However, it had not been enough to halt JUST token’s uptrend that lasted till the end of May. It should be noted that a similar JST rejection from the $0.091-$0.10 area has also happened in September 2021 and April 2022
In April, the DeFi ecosystem on the TRON [TRX] blockchain announced the completion of the third JST buyback and burn of 271.3 million JST tokens. The burn events had helped sentiment and kept the uptrend going.
Source: JST/USDT on TradingView The 1-day timeframe showed the higher low at $0.0769 (orange) breached on the 3rd of June. The high volume wipeout appeared to end the uptrend, since the formerly bullish structure has been cleanly breached.
Source: JST/USDT on TradingView For context, despite the daily timeframe’s structure break, the higher timeframe trend remained bullish. As things stand, a retracement to $0.044-$0.055 appeared likely.
Traders’ call to action- Sell the bounce Source: JST/USDT on TradingView JST could bounce to the $0.087-$0.091 golden pocket before continuing its higher timeframe retracement toward $0.044-$0.055. Therefore, traders can wait for such a bounce before selling.
It is possible that the bounce might struggle to clear even the $0.084 level. It depends on bearish conviction and when the next wave of selling commences. Traders need to be nimble, but can maintain a “sell the bounce” stance.
Final Summary JUST token buybacks and burns helped sustain the uptrend while most of the crypto altcoins failed to trend sustainably higher. The recent structural shift could see a bounce toward $0.091 before continuing its fall toward $0.05.
Strategy has returned to Bitcoin accumulation one week after selling a small part of its holdings.
Summary
Strategy bought 1,550 Bitcoin after selling 32 BTC, restoring its holdings above 845,000 coins again. The company raised its dollar reserve to $1 billion, easing near-term concerns over preferred dividends. Bitcoin still trades below Strategy’s $75,680 average cost, leaving its treasury with large unrealized losses. The company bought 1,550 BTC for $101.3 million between June 1 and June 7, paying an average of $65,332 per coin.
The purchase raised Strategy’s total reserve to 845,256 BTC. Its latest filing also showed that the company increased its U.S. dollar reserve by $100 million to $1 billion.
Strategy resumes Bitcoin purchases after 32 BTC sale The purchase follows Strategy’s sale of 32 BTC between May 26 and May 31. That disposal raised about $2.5 million and marked its first reported Bitcoin sale since December 2022.
The sale represented only 0.0038% of Strategy’s holdings, but it raised questions about future disposals. Michael Saylor later wrote that it was “a good time to add more dots,” although the post did not confirm the size or timing of another purchase.
Moreover, Strategy said it funded the latest Bitcoin purchase with proceeds from its at-the-market share program. The company sold 1,409,600 MSTR shares during the week and raised $181 million after commissions.
The filing showed no sales of STRC, STRK, STRD or STRF preferred stock during the period. Strategy still had about $25.96 billion available under its MSTR programs and $17.51 billion under the STRC program.
Dollar reserve rises to $1 billion Strategy also rebuilt its dollar reserve to $1 billion as of June 7. The balance includes expected proceeds from ATM shares that had not settled by that date.
The company created the reserve to support preferred-stock dividends and interest payments. Its latest move follows concerns raised by JPMorgan that a smaller cash buffer could increase pressure to use Bitcoin for future obligations.
Bitcoin price leaves Strategy below average cost Strategy has spent about $63.97 billion on its 845,256 BTC at an average price of $75,680. Bitcoin traded near $63,600 during the latest update, placing the market value of the position near $53.8 billion.
That leaves the holding with an unrealized loss of about $10.2 billion at the stated market price. The figure can change quickly because Bitcoin remains volatile and Strategy has not sold the wider position.
As previously reported by crypto.news, JPMorgan expects Strategy to remain an active buyer despite funding concerns. The bank projected about $32 billion in Bitcoin purchases during 2026, though that estimate depends on market access and future capital raising.
Separately, Saylor outlined four Bitcoin camps that could shape the network’s future. He said Maximalists would prioritize monetary purity, Capitalists would expand Bitcoin through financial markets, Technologists would focus on upgrades, and Fundamentalists would defend its original design.
Donald Trump signed the US-Iran peace Memorandum of Understanding (MoU), marking a historic geopolitical milestone, but Bitcoin failed to recover from the Federal Reserve’s hawkish shock. BTC is trading at $64,339 after a 2.10% drop over the past 24 hours.
Here is what the MoU includes, what the Fed actually said, and why crypto markets cannot shake off the broader macro pressure.
What the Trump US-Iran Peace MoU Brings to MarketsThe US-Iran peace MoU is a 14-point diplomatic agreement designed to end ongoing military operations and stabilize the entire region. The pact includes verification mechanisms, partial sanctions relief, and a calendar for technical talks on Iran’s nuclear program.
The MoU was mediated by Pakistan with strong support from Qatar, Saudi Arabia, and Turkey. Trump described it as a triumph of his diplomacy and signature “Art of the Deal” approach.
🚨🇮🇷 BREAKING: A new photo reportedly shows Iranian President Masoud Pezeshkian signing the "Islamabad Memorandum of Understanding" from his office earlier today.
Tehran's signature is now on the record.
The deal ending the war is locked in on both sides.
— Mario Nawfal (@MarioNawfal) June 18, 2026 Bitcoin initially rallied to $66,315 on the news, with geopolitical relief lifting broader risk appetite. Oil and gold pulled back sharply as the geopolitical premium quickly faded across global financial markets.
However, the optimism did not last. Bitcoin reversed sharply lower after the Federal Reserve (Fed) decision overshadowed the entire geopolitical narrative. Furthermore, BTC now sits closer to its 7-day low of $61,464 than to its recent weekly high.
Bitcoin (BTC) Price Performance – 24 Hours. Source: CoinGeckoWhy the Fed Hawkish Shock Sent Bitcoin LowerFederal Reserve chair Kevin Warsh delivered his first FOMC decision on June 17. The Fed held rates steady at 3.50% to 3.75% for the fourth consecutive meeting. However, the statement removed previous references to additional rate adjustments.
The shift to a neutral, fully data-dependent stance surprised markets. Moreover, 9 of 18 FOMC participants now project at least one rate hike for 2026. That is a dramatic pivot from previous projections that leaned toward cuts or extended holds.
I am watching the market today, and everyone is completely overreacting to the June 17th Fed meeting.
Retail sees that new Fed Chair Kevin Warsh held rates steady at 3.75% and watches Bitcoin bitcoin:native dip on the news, assuming the hawkish tone is bearish for crypto. They…
— Brett Kessler (@BrettKessler__) June 17, 2026 The hawkish tone validates warnings from Citadel Securities about rising risks of a September rate hike. Strong wages, resilient demand, supply constraints, and AI-driven investment keep inflation stubbornly around 4.2% year-over-year, well above the Fed’s 2% target.
Markets reacted swiftly to the announcement. The S&P 500 fell 1.5%, the Nasdaq dropped 2%, and the Dow lost 160 points. Treasury yields jumped, with the 2-year yield rising 11 basis points to 4.153% and the 10-year yield rising 12 basis points to 4.469%.
🚨MASSIVE STOCK SELL-OFF JUST 2 HOURS AFTER FOMC
The S&P 500 has erased $1.2 TRILLION in market cap, falling 1.5%, while the Nasdaq sinks 2% as markets price in additional Fed tightening. pic.twitter.com/uuKfUGl5vT
— Coin Bureau (@coinbureau) June 17, 2026 Bitcoin tracked the broader risk-off move. The cryptocurrency could not absorb the hawkish shock, even with the US-Iran deal supporting the geopolitical narrative. As a result, BTC now trades 4.10% below its weekly high of $67,203, according to CoinGecko data.
The combined backdrop highlights a critical lesson for crypto traders. Geopolitical wins can boost sentiment briefly, but monetary policy decisions still dominate the medium-term outlook for Bitcoin and risk assets across every major asset class.
The integrity of cryptocurrency trading volume is of growing importance for many stakeholders in the cryptoeconomy. Now, another service with big cryptoverse backers has arrived to further actualize “transparent data infrastructure” in the space.
On August 27th, cryptocurrency data company Nomics unveiled its new so-called Transparency Volume service, which the startup hailed as the first time a cryptocurrency market aggregator site “has designated a percentage of trading volume for a given cryptoasset as “transparent.”
As the firm explained in its announcement, its process for arriving at what volume data is considered reliable involves relying on cryptocurrency exchanges that provide high-quality data:
“Transparent volume represents the amount of volume deemed ‘trustworthy’ and high quality by Nomics. ‘Transparent Volume’ might just as well be called ‘Trustworthy Volume’ […] Specifically, transparent volume is the amount of volume for a given cryptoasset that’s moving through transparent exchanges (i.e. exchanges to which we’ve awarded an A+, A, or A- transparency rating).”
Nomics, which counts ecosystem stalwarts like Coinbase Ventures, Polymath Network, and Digital Currency Group among its investors, said the new service offering was considerably influenced by Bitwise Investments’s springtime report to the U.S. Securities and Exchange Commission (SEC).
That Bitwise report made waves in the space for asserting that approximately “95% of reported volume [to data aggregators] is fake,” suggesting many smaller cryptocurrency exchanges are not trustworthy.
Some Takeaways from Transparency Volume on Day One At launch, the new Nomics dashboard service indicated that the largest big-cap cryptocurrencies with the most transparent trading volume over the last 24 hours were BNB (33 percent), bitcoin (17 percent), Monero (15 percent), XRP (11 percent).
Less transparent among the top coins were litecoin (9 percent), EOS (8 percent), ether (7 percent), USDT (5 percent), and bitcoin cash (2 percent), according to the service.
Nomics suggested in their announcement that honing in on this kind of data could eventually help pave the way to the SEC approving a Bitcoin ETF in the United States:
“One of the SEC’s major concerns in approving a Bitcoin ETF is the percentage of trading volume that is unsurveilled and subject to manipulation, toxic influences, etc. Our transparent volume metric is intended to help institutions, state actors, and investors assess the percentage of reported trading volume for a given cryptoasset that is auditable and transparent.”
At press time, the cryptocurrency gave “A” transparency ratings to many of the space’s most recognizable trading platforms, including Binance, Coinbase Pro, Kraken, Bitstamp, Poloniex, Ethfinex, Gemini, and bitFlyer. Some of the firm’s “A+” platform’s included Deribit, IDEX, and Belfrics.
Toward Better Knowledge Some take cryptocurrency data at face value, but new understandings can be unlocked by approaching the data in different ways.
For example, the bitcoin dominance rate — the amount of the cryptoeconomy’s market cap that bitcoin (BTC) alone is responsible for — is currently hovering around 70 percent, according to most data aggregator sites.
But there might be a better way to compute that metric. For one, blockchain analytics firm Arcane Crypto recently released a report that the suggested the bitcoin dominance rate was actually above 90 percent in weighting all cryptocurrencies’ market caps against their trading volumes.
Another example is emphasizing “realized cap” stats instead of straightforward market cap data. As Coin Metrics’s Nic Carter has previously explained, the realized cap of bitcoin “roughly … measures the average cost basis of Bitcoin holders.” Notably, the original cryptocurrency’s realized cap just crossed the $100 billion USD mark.
Realized cap roughly (but not perfectly) measures the average cost basis of Bitcoin holders. It takes into account the price at which a given coin last changed hands (rather than treating them uniformly, as market cap does) https://t.co/lm2QDGoYsd
— nic ???? carter (@nic__carter) August 26, 2019
In a similar way, the aforementioned Nomics approaches the traditional metric of cryptocurrency trading volume in a new way so as to provide a more accurate depiction of the activity that is actually occurring.
Going forward, it seems likely that better data clarity could increasingly assuage regulators’ concerns toward the ecosystem.
William M. Peaster
William M. Peaster is a professional writer and editor who specializes in the Ethereum, Dai, and Bitcoin beats in the cryptoeconomy. He's appeared in Blockonomi, Binance Academy, Bitsonline, and more. He enjoys tracking smart contracts, DAOs, dApps, and the Lightning Network. He's learning Solidity, too! Contact him on Telegram at @wmpeaster
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
3 minutes ago
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
3 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
3 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
3 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
3 minutes ago
Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.
According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.
PANews reported on February 17th that Bitcoin mining company Hive announced that in the third quarter of its fiscal year ending December 31, 2025, the company's revenue reached $93.1 million, a year-on-year increase of 219% and a quarter-on-quarter increase of 7%. Hive also achieved a record high quarterly revenue last November.
Hive attributed its revenue growth to the overall expansion of its Bitcoin hashrate clusters and the BUZZ high-performance computing platform. However, a net loss of $91.3 million from Hive Mining Company, due to "accelerated depreciation and non-cash revaluation adjustments related to its expansion in Paraguay," undermined its success in revenue growth.
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
3 minutes ago
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
3 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
3 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
3 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
3 minutes ago
Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.
According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.
In brief Shares in Keel Infrastructure (KEEL) and Hive Digital Technologies (HIVE) have jumped on Wednesday. Both firms announced advancements in their growing AI plans as they distance themselves from Bitcoin mining. Bitcoin has risen about 4% in the last 24 hours to trade near $79,000. Shares in publicly traded Bitcoin miners turned AI-focused data center companies Keel Infrastructure (KEEL) and Hive Digital Technologies (HIVE) have jumped on Wednesday amid new announcements on the firm's respective AI plans.
Keel, formerly known as Bitfarms, closed on the sale of its mining site in Paso Pe, Paraguay, netting $13 million in proceeds as it continues its departure from mining the top crypto asset.
Hive, on the other hand, closed a $115 million private offering of convertible notes, with proceeds earmarked for GPU purchases or data center development, among other things.
Keel’s sale leaves it with “no remaining non-core assets to manage or divest,” according to CEO Ben Gagnon. The firm initially expected to net as much as $30 million in proceeds from the sale, but walked away with about 56% less in proceeds at the time of closing.
“The price adjustment reflects where Bitcoin mining economics stand today and our thesis remains the same,” Gagnon said in a statement. “We brought forward roughly two to three years of estimated free cash flow under current market conditions, in cash, and upfront.”
“That capital will be immediately allocated to our HPC/AI pipeline development, where we believe we will be able to generate much stronger returns and create more value for our shareholders,” he added, noting that the firm has now cleanly exited from Latin America and has its sights squarely set on supporting AI in North America.
The pair have been active in expanding their AI businesses in the last six months, with Hive notching a deal with computer maker Dell in a bid to empower its AI expansion in November via its Buzz subsidiary. Shares in the firm have fallen since then, but have rebounded more than 31% in the last month of trading, recently changing hands at $2.66—up more than 7% on the day.
Meanwhile, KEEL has risen even further over the same period, gaining more than 40% in the last month of trading to change hands around $3.06—with a roughly 9% gain on Wednesday so far.
Bitcoin, the leading crypto asset that the firms continue to distance themselves from, has risen 4% in the last 24 hours to trade around $79,000. It remains 37% off its October all-time high of $126,080.
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Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
3 minutes ago
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
3 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
3 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
3 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
3 minutes ago
Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.
According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.
PANews reported on May 18 that, according to CoinDesk, former OpenAI researcher Leopold Aschenbrenner has increased his disclosed investment size from $5.5 billion to $13.67 billion as of March 31, 2026, and has made significant purchases of shares in Bitcoin mining companies and AI infrastructure companies.
Its key holdings include mining companies such as IREN, Core Scientific, Riot Platforms, CleanSpark, Bitfarms, Bitdeer, and Hive Digital, betting that their power resources and data center capabilities will benefit from the growing demand for AI computing power. Simultaneously, it has established approximately $7.46 billion in short positions in semiconductors, including large put option positions in VanEck Semiconductor ETF, NVIDIA, Oracle, and Broadcom.
In brief Hive Digital Technologies’ stock price jumped 26% on Monday, after touching its highest point this year, following the data center announcement. Hive’s subsidiary, Buzz High Performance Computing, is building a 320-megawatt (MW) artificial intelligence facility in the Greater Toronto Area. Billed as a "sovereign AI infrastructure" project, the facility is designed to keep data and processing power within Canada to foster domestic tech dominance. Hive Digital Technologies’ stock price popped on Monday, touching its highest point of the year after the Bitcoin miner unveiled a massive data center buildout in Ontario, Canada.
The company’s shares changed hands around $3.39, a 26% increase on the day, according to Yahoo Finance. Shortly before Monday’s opening bell, Hive’s stock price soared to $3.92, temporarily extending gains beyond 35% year-to-date.
Hive reported that subsidiary Buzz High Performance Computing plans to construct an “AI Gigafactory” in the Greater Toronto Area, which will have roughly 320 megawatts (MW) of utility capacity—enough to power at least 200,000 average homes.
The firm, which began its strategic pivot away from being a pure-play Bitcoin miner in 2022, indicated the facility for artificial intelligence is expected to be one of Canada’s largest. The site will support fully vertically integrated AI supercomputers when fully built, Hive added.
In a statement, Hive and Buzz Executive Chairman Frank Holmes portrayed the company’s latest move as a way to accelerate Canada’s tech boom, providing “sovereign AI infrastructure that turns Canadian intelligence into Canadian dominance.”
Buzz expects its Ontario facility to come online in the second half of next year, which will likely necessitate 800 construction workers. In total, the buildout is expected to require roughly $3.5 billion Canadian dollars ($2.55 billion), eventually leading to the creation of highly skilled roles.
At the same time, Hive said Buzz’s facility is built in a way that is designed to minimize water usage, featuring closed-loop cooling systems. Across North America, local residents are increasingly pushing back against the proliferation of data centers, which have the potential to spike electricity rates due to their massive power needs.
At 320 MW, the Ontario site would bring Hive’s total power capacity to 850 MW globally. Currently, the company is using 450 MW to power data centers. With the resources, Hive said it has enough land and power to create facilities that support around 130,000 GPUs.
In the three-month period ended Dec. 31, Hive generated $88.2 million from mining digital assets compared to $26.6 million a year ago. High-performance computing revenue clocked in at $4.8 million and $2.5 million, respectively, representing a sliver of its overall business.
As Hive has embraced AI, the company has pared its Bitcoin holdings. As of Dec. 31, the company held 481 Bitcoin on its balance sheet, a sum recently valued at $36.7 million as the digital asset traded around $76,300, according to CoinGecko. A year ago, Hive controlled 2,805 Bitcoin, a cache worth $214.5 million today
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In brief Hive Digital Technologies’ stock price jumped 26% on Monday, after touching its highest point this year, following the data center announcement. Hive’s subsidiary, Buzz High Performance Computing, is building a 320-megawatt (MW) artificial intelligence facility in the Greater Toronto Area. Billed as a "sovereign AI infrastructure" project, the facility is designed to keep data and processing power within Canada to foster domestic tech dominance. Hive Digital Technologies’ stock price popped on Monday, touching its highest point of the year after the Bitcoin miner unveiled a massive data center buildout in Ontario, Canada.
The company’s shares changed hands around $3.39, a 26% increase on the day, according to Yahoo Finance. Shortly before Monday’s opening bell, Hive’s stock price soared to $3.92, temporarily extending gains beyond 35% year-to-date.
Hive reported that subsidiary Buzz High Performance Computing plans to construct an “AI Gigafactory” in the Greater Toronto Area, which will have roughly 320 megawatts (MW) of utility capacity—enough to power at least 200,000 average homes.
The firm, which began its strategic pivot away from being a pure-play Bitcoin miner in 2022, indicated the facility for artificial intelligence is expected to be one of Canada’s largest. The site will support fully vertically integrated AI supercomputers when fully built, Hive added.
In a statement, Hive and Buzz Executive Chairman Frank Holmes portrayed the company’s latest move as a way to accelerate Canada’s tech boom, providing “sovereign AI infrastructure that turns Canadian intelligence into Canadian dominance.”
Buzz expects its Ontario facility to come online in the second half of next year, which will likely necessitate 800 construction workers. In total, the buildout is expected to require roughly $3.5 billion Canadian dollars ($2.55 billion), eventually leading to the creation of highly skilled roles.
At the same time, Hive said Buzz’s facility is built in a way that is designed to minimize water usage, featuring closed-loop cooling systems. Across North America, local residents are increasingly pushing back against the proliferation of data centers, which have the potential to spike electricity rates due to their massive power needs.
At 320 MW, the Ontario site would bring Hive’s total power capacity to 850 MW globally. Currently, the company is using 450 MW to power data centers. With the resources, Hive said it has enough land and power to create facilities that support around 130,000 GPUs.
In the three-month period ended Dec. 31, Hive generated $88.2 million from mining digital assets compared to $26.6 million a year ago. High-performance computing revenue clocked in at $4.8 million and $2.5 million, respectively, representing a sliver of its overall business.
As Hive has embraced AI, the company has pared its Bitcoin holdings. As of Dec. 31, the company held 481 Bitcoin on its balance sheet, a sum recently valued at $36.7 million as the digital asset traded around $76,300, according to CoinGecko. A year ago, Hive controlled 2,805 Bitcoin, a cache worth $214.5 million today
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PANews reported on June 2nd that, according to BitcoinTreasuries.NET, Canadian-listed Bitcoin mining company Hive Digital (HIVE) sold 331 Bitcoins in the first quarter of 2026, currently holding only 150. Hive Digital's reduction of its Bitcoin holdings to 150 in the "Bitcoin 100" list has dropped it out of the top 96th position on the list of major holdings.
In brief Hive Digital Technologies nearly tripled revenue to $297.8 million in fiscal 2026, driven by surging Bitcoin prices and a fourfold increase in mining capacity. The company mined 2,885 Bitcoin for the year while expanding into AI computing, with its BUZZ HPC division growing 94% to $19.5 million in revenue. HIVE is now betting big on AI infrastructure, announcing plans for a massive 320-megawatt data center near Toronto intended to become Canada's largest private AI facility. Hive Digital Technologies reported a sharp revenue surge for its fiscal year ending March 31, fueled by last year’s soaring Bitcoin prices and a rapidly expanding computing business, as the Canadian miner attempts to recast itself as a major player in artificial intelligence infrastructure.
The company posted total revenue of $297.8 million for fiscal 2026, a 158 percent increase from the prior year, driven primarily by a dramatic expansion of its Bitcoin mining operations.
Hive mined 2,885 Bitcoin during the year—more than double the 1,414 it mined in fiscal 2025—while benefiting from an average Bitcoin price of roughly $98,000, compared to about $75,900 the year before.
Despite rising mining rewards last year, the company’s Bitcoin holdings actually fell during the span. Hive reported holding 150 BTC—about $10 million worth—as of the end of the fiscal year, down from 481 BTC as of December 31.
But the company's ambitions extend well beyond cryptocurrency. Hive's high-performance computing division, branded BUZZ HPC, generated $19.5 million in revenue, up 94% year-over-year, and executives are positioning it as the company's engine for future growth.
In May, Hive announced plans for a 320-megawatt AI data center in the Greater Toronto Area, designed to house more than 100,000 Nvidia GPUs at full buildout—a project the company is calling Canada's largest planned AI infrastructure facility under private ownership. The company has set a target of $660 million in annualized recurring revenue from its computing business by the end of 2028.
The results were not without complications. HIVE reported a GAAP net loss of $148.4 million for the year, though the company said roughly $221 million of losses were non-cash items, including depreciation charges.
The company holds operations in Canada, Sweden, and Paraguay—all powered by green energy—with a total installed hash rate of 25.1 exahashes per second.
Hive (HIVE) shares are down about 2.6% on the day, recently trading at $4.63 per data from Yahoo Finance, but touched their highest price this year earlier in the session at $4.97.
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The $220 million deal will see HIVE provide sovereign AI computing infrastructure in Canada through a deployment of more than 2,300 Nvidia GPUs. The agreement is expected to add roughly $70 million in annual recurring revenue, pushing HIVE's contracted HPC revenue above $100 million.HIVE Digital Technologies (HIVE) shares jumped 10% in pre-market trading on Thursday after the company announced a $220 million, three-year GPU cloud contract with Bell Canada and AI firm Cohere, as the company continues its transition away from pure-play bitcoin mining.
The deal will see HIVE's BUZZ High Performance Computing unit deploy 2,304 Nvidia Grace Blackwell GPUs at Bell's AI Fabric facility in Merritt, British Columbia, forming the dedicated compute layer for Cohere's enterprise AI models serving Canadian government and corporate clients.
All infrastructure will remain on Canadian soil, supporting Ottawa's broader push to reduce reliance on foreign-controlled AI technology.
The deployment is expected to go live from late 2026 to early 2027, adding roughly $70 million in annual recurring revenue (ARR). Combined with approximately $35 million of current realised ARR, HIVE's contracted HPC revenue target now exceeds $100 million, a clear signal that its infrastructure pivot is gaining serious commercial momentum.
Santiment reports Bitcoin BEP2 leads BSC development. Flux and BNB also post high GitHub activity. Top 10 projects cover DeFi, privacy, cloud, and wallets.
Bitcoin BEP2 ranks highest in Binance Smart Chain developer activity, with Flux and BNB close behind. Santiment’s rankings focus on notable GitHub events, excluding vanity metrics for more accurate project tracking. Top projects span cloud computing, privacy upgrades, wallets, DeFi, and protocol governance across the ecosystem Development activity across Binance Smart Chain (BSC) and Binance Chain accelerated this month, according to data released by analytics firm Santiment.
The firm’s updated rankings, which track the ten most active projects based on GitHub activity, showed several shifts across the ecosystem, Santiment reported.
Bitcoin (BTC) BEP2 ranked first with 57.43 notable GitHub events over the last 30 days, maintaining the strongest development footprint across the BSC ecosystem, according to the data. FLUX, a decentralized cloud project, placed second with 212 development events recorded during the period.
BNB (BNB), Binance’s flagship asset, secured third place with 17.47 development events, the rankings showed.
Zcash (ZEC) maintained activity levels due to ongoing security and privacy upgrades, while Trust Wallet showed developer engagement as it expands cross-chain integrations and wallet functionalities, according to Santiment. Dusk remained active in the zero-knowledge and regulated finance sector, with development progress continuing along its roadmap.
The remainder of the top 10 included Band Protocol, Beefy Finance, 0x Protocol, and Saito. Santiment’s directional markers indicated some projects climbed the rankings while others experienced minor declines.
Santiment stated its rankings exclude vanity metrics such as commits or forks, instead relying on a methodology that tracks notable GitHub events to capture meaningful development work.
The data revealed developer activity distributed across multiple sectors including cryptocurrency and Binance-native assets, cloud computing, privacy, wallet infrastructure, protocol governance, DeFi yield optimization, and blockchain networking, according to Santiment’s visual analysis.
Also known as Auxiliary Proof-of-Work or simply AuxPoW, merged mining enables you to mine multiple blockchains at the same time without spending additional energy on mining. It is carbon-neutral as it re-uses the proof from work already performed. It could be seen as someone (the miner) entering a lottery of sorts. With merged-mining the miner can submit the same lottery ticket and numbers to different lotteries (merge-mined blockchains), increasing their rewards.
Merged mining was first presented by Satoshi Nakamoto in 2010, and was subsequently introduced to Bitcoin Core. It can be considered a Bitcoin primitive. See Bitcoin's Merged Mining Specification.
From our perspective, it will be proven over time to be a critical component for incentivizing a robust and decentralized Bitcoin network as BTC block rewards will continue to diminish. Without merged-mining, revenue from mining Bitcoin would eventually be limited to Bitcoin’s flat network fees.
Furthermore, merged mining enables Bitcoin’s hashrate to be extensible and support blockchains that offer important utility beyond the scope and best-purpose of the Bitcoin protocol itself.
Note: Blockchains that naively use merge-mined settlement are subject to the same vectors of PoW in general. A solution now exists to solve those challenges, and it comes in the form of a hybrid consensus system that provides decentralized Finality on top of merged-mining. Such a solution is present in Syscoin. Dig into Syscoin's Finality.
For more information or to set up your miner(s) to merge-mine Syscoin, refer to the Merged Mining Setup Guide.
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Despite the ongoing correction in the crypto market, opportunities abound for investors. In the spotlight this week is Bitcoin, but the world of altcoins is equally brimming with potential.
#1 Bitcoin (BTC) – The King Of Crypto Bitcoin remains the bellwether of the crypto market, and its price action is once again expected to set the tone for the week. Grayscale’s GBTC ETF, which currently holds 566,973 BTC ($23.21B), is a key focal point. The ETF has seen outflows of approximately 52,227 BTC ($2.14 billion) since it was passed, leading to speculation about when these outflows will end.
According to the #Grayscale website, #Grayscale currently holds 566,973 $BTC($23.21B), decreasing ~52,227 $BTC ($2.14B) since the ETF was passed.
Crypto analyst Ignas | DeFi Research pointed out the psychological impact of Grayscale’s continuous selling: “Grayscale’s continuous dumping every working day gave the market trauma. Now, everyone expects another BTC transfer from GBTC to Coinbase and BTC dumped in advance. A massive rebound awaits when that anticipated morning transfer never happens.”
Thus, the spot Bitcoin ETF flows in general (how can the “newborn nine” absorb the GBTC outflows) and the GBTC outflows particular will be key data points, which will determine the price trend this week. At press time, BTC was falling towards the 6-week low at $40,270.
BTC price drops below $41,000, 4-hour chart | Source: BTCUSD on TradingView.com #2 Dogecoin (DOGE) The creation of the X Payments account on the X platform (formerly Twitter) has ignited speculation about the inclusion of Dogecoin in the project. This speculation led to a 23% surge in DOGE’s price within just 5 hours on Saturday. Although the gains were partially reversed, this incident underscores the importance of following X Payments closely.
X Payments is part of X’s plan to launch its payment service, and the account already boasts over 100,000 followers, including prominent figures in the crypto community. DOGE is a strong contender for inclusion due to Elon Musk’s association with both X and his fondness for the meme coin. Investors are eagerly awaiting any substantial announcements from X Payments, as they could significantly impact DOGE’s price.
#3 Render (RNDR) The launch of Apple Vision Pro on February 2nd is poised to have a profound impact on the Render (RNDR) network. During the announcement of Apple Vision Pro last year, RNDR experienced a substantial price surge. The distributed computing sector, including RNDR, is expected to benefit significantly from Apple Vision’s launch.
Speculation surrounds a potential partnership between Apple and the crypto company behind RNDR, OTOY. OTOY is closely associated with both the RNDR token and Octane, a product linked to RNDR. The CEO of OTOY, Jules Urbach, has connections to both products, fueling rumors of collaboration.
Apple’s mention of RNDR during its WWDC 2023 event further supports the notion of a possible collaboration.
#4 Chiliz (CHZ) Chiliz (CHZ) has piqued the interest of investors with the promise of new tokenomics. CEO Alexandre Dreyfus has hinted at a revamped tokenomics model, including a burn system, subsidization of staking rewards, and external consultation. Dreyfus stated, “Farming and earning CHZ on the Chiliz network is coming soon to your screens (and wallets).”
Farming and earning $CHZ on the @chiliz network is coming soon to your screens (and wallets).#SportFi #Tokenomics https://t.co/JJXJz00xwP pic.twitter.com/KlsBvaQNkV
— Alexandre Dreyfus (@alex_dreyfus) January 20, 2024
Additionally, the PEPPER airdrop is generating excitement within the CHZ community. This airdrop involves growing CHZ on the Chiliz blockchain to receive daily PEPPER rewards from the greenhouse. Dreyfus has actively engaged with the community on social media, encouraging users to follow @PepperChain for early access to the PEPPER meme airdrop.
#5 Frax Share (FXS) Frax Share (FXS) is making headlines with the upcoming launch of SfrxETH on EigenLayer, scheduled for January 29th. SfrxETH is the native ETH LSD token of the Frax protocol and has experienced significant growth. Fraxtal, Frax’s Layer-2 blockchain, is also set to launch in the first week of February.
With a TVL of over $1 billion and a market capitalization of $685 million, FXS is set to attract the attention of the crypto community. CEO and founder Sam Kazemian, aims to roll out Fraxtal as a significant addition to its existing product suite. Several projects, including Curve, have proposed deploying their functionalities on Fraxtal, which utilizes rollups technology to execute transactions efficiently.
In a recent interview, he expressed high expectations for Fraxtal’s performance, predicting substantial TVL and market capitalization growth in the coming months. “The current timeline is the first week of February. Etherscan will support it on day 1 with Fraxscan, and a huge slew of projects will debut soon after launch. It will surely be one of the biggest rollup releases of the year,” Kazemian remarked.
He added, “We expect at least a 9-figure total value locked in the first month and $1 billion plus for Q1. That should put us in the top 5 chains soon thereafter if our innovations are well received.”
Featured image from iStock, chart from TradingView.com
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Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
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Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
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2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
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BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
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Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
1 seconds ago
Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.
According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.
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As of September 18, the broader crypto market has risen a percent as major cryptocurrencies like Bitcoin and Ethereum featured their return to pre-September levels. This bullishness bled to the altcoin market, prompting many tokens to follow the trend. Nervos (CKB) is one of those tokens that experienced astonishing growth with a 120% uptick, outperforming the broader market.
Although CKB’s gains in the short term have been great, the long-term implications of such price movements are still important for investors and traders. The market’s current bullishness might continue for the broader community, but CKB’s performance long-term might be in question.
Nervos: Breakthrough Halted By Resistance The token has gained control of the $0.015 support level for an attempted breakthrough on the $0.0198 resistance. However, the latter has held its ground against the bulls in the short term, potentially putting the gains made in the past few days in jeopardy.
CKB’s position in the short term is threatened by this rejection as the token’s trajectory might push CKB well below its $0.015 support level. If this occurs, it will represent a sudden flip in the short-term outlook of investors and traders.
The relative strength index (RSI) gives a clue as to where the token is heading. As of writing, the RSI points to a majority bull market for CKB, pushing the narrative that the token will continue upward. It also shows that the momentum of CKB’s market is on the side of the bulls.
CKBUSDC trading at $0.017 on the daily chart: TradingView.com If the token continues to get rejected by this crucial resistance level, the token’s momentum will eventually side with the bears flipping gains to losses. Once this occurs, CKB’s trajectory will touchdown on $0.0114 in the short term.
— Upbit Korea (@Official_Upbit) September 13, 2024
Upbit Lists CKB Trading Pairs And Other Developments This Week Upbit’s official X accounts have announced this week that CKB is now supported on the trading platform. The South Korean crypto exchange lists three CKB trading pairs, namely CKB/KRW, CKB/BTC, and CKB/USDT, upping the liquidity of the token in the long run. This will lead to bigger exposure to the Korean market.
Digital assets on Nervos, through the imagiNation.market, are given new life as the latter is now listed on JoyID, a crypto wallet provider on Bitcoin. Although digital collectibles activity on Nervos is quite low, we can expect this development to contribute positively in the coming days or weeks.
With the market’s general bullishness, we can expect the token to perform well in the short term even if it might face retracements in the coming days.
Featured image from Facts.net, chart from TradingView
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
11/20 update below. This post was originally published on November 19
Bitcoin, ethereum and smaller cryptocurrencies have plunged over the last month as crash fears suddenly sweep through the market.
Sign up now for CryptoCodex—A free crypto newsletter that will get you ahead of the market
The bitcoin price has dropped under $100,000 per bitcoin, giving up the psychological level and dragging ethereum and other major cryptocurrencies lower even as analysts claim the liquidity “flood gates” have been opened.
Now, as traders brace for a potential $1 trillion bitcoin and crypto market crash, the threat to crypto from quantum computers has led to ethereum cofounder and the project’s spiritual leader Vitalik Buterin warning elliptic curve cryptography could break before the next U.S. presidential election in 2028.
Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run
Forbes‘Flood Gates Are Now Being Opened’—Bitcoin Braced For Trump ‘Tsunami’ As He Promises 2026 Price Game-ChangerBy Billy Bambrough
MORE FOR YOU
Vitalik Buterin, a cofounder of ethereum, the second-largest cryptocurrency after bitcoin, has issued a stark warning over ethereum's future.
AFP via Getty Images
“Elliptic curves are going to die,” Buterin warned, referring to one of the foundational pillars of bitcoin, ethereum and crypto encryption, during the Buenos Aires Devconnect conference in comments reported by DL News.
11/20 update: Ethereum cofounder Vitalik Buterin has also warned that the growing influence of Wall Street giant BlackRock over cryptocurrencies including bitcoin and ethereum could cause problems for the networks.
“How do you avoid capture by big behemoths like BlackRock?” Buterin was asked on stage, according to a DL News report, referring to a surge of institutional interest after the launch of BlackRock’s bitcoin and ethereum exchange-traded funds (ETFs) in early 2024.
Buterin warned that if BlackRock and other large institutions keep expanding their ethereum holdings, the network faces the possibility that those focused on decentralization get crowded out and base-layer choices are optimized for institutions, making it harder for regular users to run nodes, and in turn driving centralization.
“It easily drives other people away,” Buterin said. “We need to focus on the things that would otherwise be in short supply: global, permissionless, and censorship-resistant protocol."
This week, BlackRock registered a staked ethereum fund in Delaware, signaling its intent to enter the staked ether ETF market, while its flagship ethereum ETF now holds $10 billion worth of ethereum.
Last month, Google claimed a breakthrough in quantum computing, following in Microsoft’s footsteps after it unveiled a new quantum-enabling chip in February.
These and similar developments have catapulted quantum computing’s risk to bitcoin, ethereum and crypto up the agenda.
“Given the current staggering rate of hardware progress, I now think it’s a live possibility that we’ll have a fault-tolerant quantum computer running Shor’s algorithm before the next U.S. presidential election,” quantum computer researcher Scott Aaronson wrote in blog post this month, referring to how a quantum computer could break the encryption that underpins cryptocurrencies like bitcoin and ethereum.
The “magnitude of the threat that quantum poses to all blockchains,” has given crypto investor Nic Carter “an urgent sensation like I have to act on it now with as much intensity as I can muster,” he posted to X.
Sign up now for CryptoCodex—A free crypto newsletter that will get you ahead of the market
ForbesJPMorgan Just Called The Bitcoin Price Bottom—Predicts Massive $28.3 Trillion Gold Challenge In 2026By Billy Bambrough
The bitcoin price has dropped sharply over the last month, dragging down ethereum and other major cryptocurrenices.
Forbes Digital Assets
"We don’t need to panic, but we need to get serious," Alex Pruden, the chief executive of quantum computing risk company Project 11 posted to X, adding that “quantum computers at sufficient scale will break crypto at the most fundamental level imaginable.”
Meanwhile, bitcoin developers have also been warned they need to prepare for the post-quantum world that could become a reality by 2030.
“You should have a few good years ahead of you but I wouldn’t hold my bitcoin,” Théau Peronnin, the chief executive of Alice & Bob, told Fortune during the Web Summit conference in Lisbon, Portugal.
“They need to fork [move to a stronger blockchain] by 2030, basically," Peronnin said. "Quantum computers will be ready to be a threat a bit later than that."
11/20 update below. This post was originally published on November 19
Bitcoin, ethereum and smaller cryptocurrencies have plunged over the last month as crash fears suddenly sweep through the market.
Sign up now for CryptoCodex—A free crypto newsletter that will get you ahead of the market
The bitcoin price has dropped under $100,000 per bitcoin, giving up the psychological level and dragging ethereum and other major cryptocurrencies lower even as analysts claim the liquidity “flood gates” have been opened.
Now, as traders brace for a potential $1 trillion bitcoin and crypto market crash, the threat to crypto from quantum computers has led to ethereum cofounder and the project’s spiritual leader Vitalik Buterin warning elliptic curve cryptography could break before the next U.S. presidential election in 2028.
Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run
Forbes‘Flood Gates Are Now Being Opened’—Bitcoin Braced For Trump ‘Tsunami’ As He Promises 2026 Price Game-ChangerBy Billy Bambrough
MORE FOR YOU
Vitalik Buterin, a cofounder of ethereum, the second-largest cryptocurrency after bitcoin, has issued a stark warning over ethereum's future.
AFP via Getty Images
“Elliptic curves are going to die,” Buterin warned, referring to one of the foundational pillars of bitcoin, ethereum and crypto encryption, during the Buenos Aires Devconnect conference in comments reported by DL News.
11/20 update: Ethereum cofounder Vitalik Buterin has also warned that the growing influence of Wall Street giant BlackRock over cryptocurrencies including bitcoin and ethereum could cause problems for the networks.
“How do you avoid capture by big behemoths like BlackRock?” Buterin was asked on stage, according to a DL News report, referring to a surge of institutional interest after the launch of BlackRock’s bitcoin and ethereum exchange-traded funds (ETFs) in early 2024.
Buterin warned that if BlackRock and other large institutions keep expanding their ethereum holdings, the network faces the possibility that those focused on decentralization get crowded out and base-layer choices are optimized for institutions, making it harder for regular users to run nodes, and in turn driving centralization.
“It easily drives other people away,” Buterin said. “We need to focus on the things that would otherwise be in short supply: global, permissionless, and censorship-resistant protocol."
This week, BlackRock registered a staked ethereum fund in Delaware, signaling its intent to enter the staked ether ETF market, while its flagship ethereum ETF now holds $10 billion worth of ethereum.
Last month, Google claimed a breakthrough in quantum computing, following in Microsoft’s footsteps after it unveiled a new quantum-enabling chip in February.
These and similar developments have catapulted quantum computing’s risk to bitcoin, ethereum and crypto up the agenda.
“Given the current staggering rate of hardware progress, I now think it’s a live possibility that we’ll have a fault-tolerant quantum computer running Shor’s algorithm before the next U.S. presidential election,” quantum computer researcher Scott Aaronson wrote in blog post this month, referring to how a quantum computer could break the encryption that underpins cryptocurrencies like bitcoin and ethereum.
The “magnitude of the threat that quantum poses to all blockchains,” has given crypto investor Nic Carter “an urgent sensation like I have to act on it now with as much intensity as I can muster,” he posted to X.
Sign up now for CryptoCodex—A free crypto newsletter that will get you ahead of the market
ForbesJPMorgan Just Called The Bitcoin Price Bottom—Predicts Massive $28.3 Trillion Gold Challenge In 2026By Billy Bambrough
The bitcoin price has dropped sharply over the last month, dragging down ethereum and other major cryptocurrenices.
Forbes Digital Assets
"We don’t need to panic, but we need to get serious," Alex Pruden, the chief executive of quantum computing risk company Project 11 posted to X, adding that “quantum computers at sufficient scale will break crypto at the most fundamental level imaginable.”
Meanwhile, bitcoin developers have also been warned they need to prepare for the post-quantum world that could become a reality by 2030.
“You should have a few good years ahead of you but I wouldn’t hold my bitcoin,” Théau Peronnin, the chief executive of Alice & Bob, told Fortune during the Web Summit conference in Lisbon, Portugal.
“They need to fork [move to a stronger blockchain] by 2030, basically," Peronnin said. "Quantum computers will be ready to be a threat a bit later than that."
Strategy, formerly known as MicroStrategy, the largest public holder of Bitcoin (BTC), finds itself at the center of a stormy controversy involving JPMorgan as Bitcoin prices continue to struggle.
With signs of a potential bear market emerging, fresh rumors suggest that one of the world’s largest banks allegedly holds a significant short position on Strategy’s stock (MSTR), which has plunged 69% from its record high of $543 per share last year.
Strategy Faces Potential MSCI Exclusion The turmoil escalated last week when JPMorgan issued a warning that Strategy might soon be removed from major equity indices, specifically the MSCI USA Index.
JPMorgan’s analysts noted that the issues facing Strategy extend beyond the recent downturn in cryptocurrency prices, which have seen Bitcoin fall more than 30% from its all-time highs.
As of this writing, Bitcoin is trading around $86,000, while the broader crypto market has experienced a staggering $1 trillion decline in total market capitalization over the past month.
JPMorgan’s analysts indicated that MSCI is considering whether companies with over 50% of their total assets in digital currencies should qualify for inclusion in traditional equity indices. Given that Strategy’s balance sheet is heavily weighted with Bitcoin, it is at significant risk of exclusion.
The analysts stated that “MicroStrategy [is] at risk of exclusion from major equity indices as the January 15th MSCI decision approaches.” They speculated that removal from the MSCI could trigger approximately $2.8 billion in outflows, and if other index providers follow MSCI’s lead, the total could reach as high as $8.8 billion.
The situation is complicated by market dynamics, particularly the timing of JPMorgan’s bearish note, which coincided with Bitcoin’s weakness and MSTR’s decline, all while liquidity was thin and overall sentiment fragile.
JPMorgan Faces Account Closures Surge According to analysts at the Bull Theory, JPMorgan has been noted for timing its market reports—bearing down when prices are already weak and striking a more bullish tone near market peaks.
The analysts have highlighted that share lending for MSTR has reportedly increased, allowing brokers to lend shares to short sellers, which can exacerbate downward pressure on the stock price.
Additionally, there are escalating reports of widespread account closures at JPMorgan, with thousands claiming to have exited due to perceived manipulation of both MSTR and Bitcoin.
Amid these developments, the fear of a potential short squeeze is growing. The analysts believe that if Strategy’s stock were to rally around 40% to 50%, it could trigger a short squeeze in the bank’s position and spell major financial troubles.
In response, Michael Saylor, the CEO of Strategy, has sought to clarify the company’s identity, emphasizing that it is not just a passive Bitcoin holder. He pointed out that Strategy operates as a software business with an active financial strategy, countering the narrative circulating around MSCI’s concerns.
As the situation unfolds, several key points emerge. The October 10th crash appeared to align with the MSCI announcement, coinciding with an already fragile market state. JP Morgan’s strategic timing of its bearish insights has amplified existing fears, creating further uncertainty as MSCI’s final decision looms.
The daily chart shows MSTR’s valuation trending downwards, trading below $170. Source: MSTR on TradingView.com Featured image from DALL-E, chart from TradingView.com
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The Bitcoin price has climbed by a fraction of a percentage to $87,500 as of 11 p.m. EST, showing limited upward momentum as markets digest Peter Schiff’s latest warning following silver’s explosive rally.
Veteran economist Schiff cautioned that Bitcoin could face the opposite outcome of silver’s surge, arguing that market downturns often unfold faster than rallies once selling pressure sets in. His comments followed a dramatic intraday jump of more than 10%, which briefly pushed prices above $79 per ounce for the first time.
What is happening with silver may soon be happening with Bitcoin, only in reverse. But since markets tend to melt down faster than they melt up, the time frame for the move should be condensed.
— Peter Schiff (@PeterSchiff) December 27, 2025
Market data showed silver rising from $78 to $79 in roughly ninety minutes, a move that caught global attention. TradingView charts revealed a near-vertical breakout, confirming that the metal remains in a strong multi-month uptrend and has entered uncharted territory.
Silver’s momentum has strengthened the broader market narrative favoring commodities and alternative assets. This shift is also reflected in the growth of crypto-based tokenized commodities, whose combined market valuation has risen toward $4 billion, signaling increasing investor demand for diversified exposure.
BREAKING: Silver prices extend gains to over +10% on the day, now above $79/oz for the first time in history.
It took just 90 minutes to go from $78 to $79. pic.twitter.com/jISKFkQHCC
— The Kobeissi Letter (@KobeissiLetter) December 26, 2025
Further data from CompaniesMarketCap showed silver narrowing the gap with NVIDIA in total market capitalization, pointing to rising institutional interest in metals. Despite silver’s strength, questions remain about sustainability.
A new chart shows silver’s monthly RSI at its highest level in 45 years, indicating extreme momentum. Another long-term comparison chart highlights Bitcoin losing relative strength against silver, giving back gains accumulated since 2017, underscoring how quickly silver has outperformed BTC in the latest rally.
Bitcoin Price Signals Deeper Downside Risk Bitcoin is trading near $87,500, showing weak price action after failing to hold key support levels. The broader chart structure suggests that bullish momentum has faded, with price now leaning toward a bearish continuation scenario.
A major technical feature is the rounded top formation that developed over several months. This pattern often signals the exhaustion of distribution and trend following a strong rally. Bitcoin has already broken below the neckline support, which was previously holding the price above the $80,000 zone. This breakdown confirms a shift from a bullish to a bearish market structure.
After losing neckline support, Bitcoin attempted a recovery but failed to reclaim that level. The rejected retest turned former support into resistance, reinforcing bearish pressure. Currently, the price is consolidating below this resistance, which limits upside potential in the near term.
BTCUSDT Chart Analysis by Tradingview
On the right side of the chart, price action shows an inverted cup and handle pattern. The small consolidation near current levels represents the “handle,” where buying momentum continues to weaken. A decisive breakdown from this structure would likely accelerate selling pressure.
Based on the measured move from the rounded top and inverted cup pattern, the next major downside target is projected between $50,000 and $55,000. This area also aligns with previous consolidation zones and liquidity levels, making it a realistic technical objective if the bearish setup plays out.
The RSI (14) is currently around 43, remaining below the neutral 50 level, indicating that the bearish momentum is still in control. Importantly, the RSI is not oversold, meaning there is room for further downside before buyers are forced to step in aggressively.
Bitcoin remains technically weak below the $90,000–$92,000 resistance zone. As long as the price stays below this area, downside risk remains elevated. A strong daily close back above the neckline would be required to invalidate the bearish structure. Until then, the technical bias favors continued consolidation or further decline.
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