PANews reported on August 25th that Zeus Network has officially announced a strategic liquidity partnership with Metalpha (NASDAQ: MATH), enabling Bitcoin deposits through APOLLO, the first decentralized application (dApp) on Zeus Network. Metalpha, an institutional asset management firm focused on digital assets, has begun accepting Bitcoin deposits through the Zeus Network on Solana.
As part of this partnership, Metalpha will leverage Zeus Network's permissionless infrastructure as a liquidity provider, supporting network security through decentralized verification. The Metalpha team chose Solana to deploy Bitcoin liquidity because of its high-performance DeFi environment and highly active community. By providing Bitcoin to Zeus Network, Metalpha injects liquidity into Solana and strengthens the security of cross-chain Bitcoin transactions, seeking new avenues for sustainable on-chain yield generation. As Solana becomes a major hub for institutional-grade digital asset innovation, Zeus Network is expanding its ecosystem to ensure that Bitcoin liquidity remains fundamental to DeFi growth. Leveraging Metalpha's expertise in structured financial products and risk management, this partnership is expected to enhance the financial capabilities of the Solana network and Bitcoin as an asset, adding fuel to the already booming DeFi market.
Justin Wang, co-founder and CEO of Zeus Network, said: “With Metalpha joining Zeus Network as a liquidity provider, we can leverage their experience in digital asset management to continue developing more accessible and scalable Bitcoin liquidity solutions for institutional Bitcoin holders.”
TLDR:Crypto Equity Fund Expands Regulated Access in Hong KongInstitutional Demand Drives New Market StrategyGet 3 Free Stock Ebooks Metalpha partnered with AMINA Bank to launch Principal Fund I, expanding regulated crypto equity access in Hong Kong. The fund invests in listed crypto firms like Coinbase, Circle, and MicroStrategy alongside Hong Kong-based companies. LSQ Capital, Metalpha’s licensed Hong Kong subsidiary, manages the product under SFC rules for professional investors. Principal Fund I has delivered over 20% outperformance against its benchmark since August 2024 inception. Crypto investment in Hong Kong just gained a new entry point. Two financial firms are teaming up to roll out a regulated equity product tied to the digital asset industry. The deal comes at a time when professional investors are demanding structured access.
Institutional appetite for crypto-related products keeps rising across Asia. This latest move brings a mix of traditional finance and blockchain exposure under one roof.
Crypto Equity Fund Expands Regulated Access in Hong Kong On August 28, Metalpha Technology Holding Ltd. announced a partnership with Swiss-based AMINA Bank AG, according to a company release. The bank, licensed by Switzerland’s financial regulator, will extend its services into Hong Kong through its local unit.
The first product is Principal Fund I, designed to give professional investors equity exposure to leading crypto-related companies. The portfolio includes shares of Coinbase, Circle, and MicroStrategy from the US, alongside blockchain-linked firms listed in Hong Kong.
LSQ Capital, Metalpha’s licensed Hong Kong subsidiary, manages the fund under the oversight of the city’s Securities and Futures Commission.
The minimum entry for investors is set at one million US dollars. The strategy goes beyond simple exposure, using derivatives to adjust for volatility while targeting stronger returns than Bitcoin itself. Data from the company shows the fund has already outpaced its benchmark by more than 20 percent since August 2024.
Executives from both sides said the collaboration builds on Hong Kong’s focus on regulated financial infrastructure. The market is opening wider to family offices, institutions, and ultra-high-net-worth investors seeking structured products in the digital asset space.
Institutional Demand Drives New Market Strategy The backdrop for this launch is a global surge in demand for regulated crypto exposure. According to Metalpha, US Bitcoin ETFs reached record inflows, with more than 150 billion dollars under management since early 2024.
Michael Benz, AMINA’s Head of Asia-Pacific, described the city as moving from infrastructure building to broader adoption among professional investors. The new fund, he said, aims to deliver the kind of structured solutions that this audience requires.
Industry observers note that the fund gives investors a way to access crypto price exposure without directly holding volatile assets. By anchoring returns to listed companies tied to blockchain growth, the approach lowers operational risks while opening regulated pathways.
Both firms confirmed that Principal Fund I is the first in a planned series of wealth products. Future launches are expected to expand beyond equities as the partnership develops new strategies to match market demand.
Andreas Brekken, founder of SideShift.ai, recently shared his insights on the emerging Runes Protocol and its implications for the Bitcoin ecosystem.
Crypto.news received exclusive comments via email on Brekken’s views about the Runes Protocol, which gained hype and popularity during the recent Bitcoin Halving.
The Runes Protocol, which utilizes the Bitcoin UTXO model without adding a secondary fee token, offers a streamlined approach to token standards that could improve transaction efficiency and lower costs.
“The Runes standard improves on previous models by sticking to Bitcoin’s UTXO model and not adding a secondary fee token,” said Brekken. This approach allows for the low-cost transfer and minting of tokens, fostering greater adoption within the Bitcoin community.
Brekken attributed the initial surge in Runes’ activity to investors’ shifting interests from NFTs to meme coins, particularly on platforms like Solana (SOL).
According to data from Dune Analytics, Runes still make up the majority or a little less than half of the daily Bitcoin transactions, showcasing their popularity on the network post-Halving.
Dune Analytics: Runes transactions vs Other transactions on the Bitcoin network The introduction of Runes allowed these investors to continue participating in the meme coin trend under the Bitcoin (BTC) umbrella. “Investors bought Runes hoping to continue riding the memecoin wave on Bitcoin,” Brekken explained.
Despite its initial success, Runes has seen a decline in activity, with a significant drop in new token creation and wallet interactions. Brekken believes this is part of the cyclical nature of meme coin trading, which tends to fluctuate between blockchains.
“The Runes community needs to fight for attention. Meme coin traders should be ready to flock to Runes when the next rotation happens. When that rotation comes, they should be pushing for the first ‘billion-dollar meme’ on Runes similar to successful meme coins like PEPE, WIF, or BONK,” he stated, suggesting that an aggressive approach could reignite attraction in Runes during the next market rotation.
Crypto markets have hit a new 2019 high; Bitcoin dominating, ETH, BNB and XMR moving, LEO enters top twenty. Market Wrap It has been another fruitful Friday in crypto land. Markets have hit a new high for the year and as usual it is Bitcoin driving them. A total market cap top of $300 billion was touched a few hours ago as BTC broke through resistance once again surging to a new 13 month high.
The move came a few hours ago during early Asian trading. This time it wasn’t a ‘Bart type spike’ but a gradual grind up through the resistance at $9,600 and on towards an intraday high of $9,800. Since then gains have mostly held as Bitcoin remained around $9,700 with plenty of talk about a further move to $10k today or over the weekend.
Ethereum also got a boost this time as a 4 percent climb lifted it to $280. In comparison however ETH is still way down, over 80 percent of ATH compared to BTC which is now close to 50 percent. There is no doubt that Ethereum will crack $300 and make bigger gains when altseason kicks in but at the moment the going is slow.
Altcoin Outlook The crypto top ten has not reacted with the usual fervor and aside from Binance Coin adding 6 percent nothing else has really moved much. There is a little green with Bitcoin Cash and EOS adding 2 percent each but others such as BSV are falling back. There has been no movement on XRP, LTC and XLM.
The top twenty is equally lethargic aside from Monero which is still climbing with a further 6 percent today to reach $108. The Bitfinex transparency initiative UNUS SED LEO has arrived on the scene as CMC has just registered a market cap of $1.8 billion jumping it straight into 14th place above Dash. LEO tokens were trading at $1.84 at the time of writing. The rest of the altcoins are up a percent or flat at the moment.
FOMO: Egretia Climbing Higher Today’s top performing crypto top one hundred altcoin is Egretia again as entertainments based token surges 24 percent. A listing in Singapore’s BiUP exchange may have driven some of the momentum for EGT as the team rejoices.
Breaking News: Egretia is currently ranked 77 as per CoinMarketCap!!! EGT has seen the highest gain, growing almost 30% over the past 24H! More info, welcome to join us on telegram : https://t.co/G8oBPqZT64
Nash Exchange is getting a 12 percent boost today and Vestchain has made ten, these are the only three cryptos in double digits. Waltonchain and Grin are at the other end of the list dumping 10 percent each.
Total market cap 24 hours. Coinmarketcap.com Total crypto market capitalization surged almost $15 billion to top out at a new 2019 high of $300 billion a few hours ago. A slight correction has dropped markets back to $297 billion at the moment but things are still bullish. Bitcoin is the only thing driving market gains at the moment as dominance increases to 58 percent in its push to five figures.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
Investors are rushing to stake Nash Exchange (NEX) tokens, in order to maximize returns from the exchange’s fee-split model.
The address for Nash’s staking smart contract has seen a sharp surge in its balance. More than 700,000 NEX has been added to the wallet since Monday, when Nash went live. That takes the total number of staked NEX tokens up to 2.8M, which is roughly 8% of the circulating supply.
NEX tokens staked in the NASH staking smart contract. Source: NEOSCAN. Creators describe Nash as a ‘distributed finance‘ platform. In addition to the usual trading facilities found in a DEX, users can also make payments in cryptocurrencies through NashPay.
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Nash’s matching engine was built on the NEO blockchain, but cross-chain integrations allow communications with other protocols. All five Nash founders participated in the ‘City of Zion’ decentralized developer community, and are reportedly still involved in developing NEO infrastructure.
But the project is “not dependent on the NEO network,” said Co-founder Fabio Canesin in April. The exchange has already incorporated scripting protocols for Bitcoin (BTC) and Ethereum (ETH).
Crypto Briefing first wrote about Nash when the project announced its ICO, to be held in early 2018. But the offering was delayed pending regulatory approval from Liechtenstein’s Financial Market Authority (FMA). Originally scheduled for Q1, the ICO was launched in September of 2018.
An MVP (Minimum Viable Product) for the exchange went live on Monday, allowing token holders to stake NEX tokens to receive a share of the trading fees. The staking rewards increase according to how long the tokens have been staked.
But the long-awaited launch failed to halt a considerable sell-off of NEX tokens, whose prices began to sink yesterday. After rising to $2.40 per token on Monday, they traded at approximately $1.70 at the time of writing.
Disclosure: This article was edited by Paddy Baker. For more information on how we create and review content, see our Editorial Policy.
Funstrat co-founder Tom Lee says Ethereum could be the crypto market’s near-term leader, targeting a move to $12,000 by January on the back of Wall Street’s tokenization push and rising growth expectations for smart-contract platforms. In an interview released Nov. 10 with Tom Nash, Lee emphasized that while Bitcoin remains under-owned, “there’s a bigger move in Ethereum” over the next several weeks as capital reallocates toward the rails that power stablecoins and tokenized assets.
Why Ethereum Is Poised To Rally Soon Lee anchored his call to a blend of technical and fundamental drivers. Citing Funstrat’s head of technical strategy, he noted: “Mark Newton […] thinks we can be like $9,000 to $12,000 by January. I think that’s about right. I think Ethereum […] more than doubles between now and year end or between now and January.” In parallel, he said Bitcoin could reach the “high $100,000s, maybe even $200,000 by the end of the year,” while reiterating that Ethereum likely has the bigger near-term upside.
The crux of the Ethereum thesis, as Lee laid it out, is that the demand side of crypto is shifting toward applications that depend on smart contracts—precisely the domain where Ethereum is most entrenched.
“Even Cathie Wood wrote about it. She thinks stablecoins have been cannibalizing demand for Bitcoin and gold and tokenized gold is cannibalizing demand for Bitcoin. But stablecoins and tokenized gold run on smart contract blockchains like Ethereum,” he said. He added that “Wall Street is building and Larry Fink wants to tokenize everything on the […] blockchain. That means Ethereum is where people are starting to raise their growth expectations.”
Lee argued that this change in growth expectations matters as much as, if not more than, headline monetary policy over short windows. While acknowledging that the Federal Reserve remains a critical backdrop, he framed potential December easing as a catalyst for risk assets broadly—financials, small caps, and tech—and, by correlation, crypto. “If they cut in December, they’re confirming they’re on an easing cycle,” he said, calling that “really bullish” for equities most tightly linked to growth and liquidity. In Lee’s framework, those same flows support crypto assets—and Ethereum in particular—into year-end positioning.
The fund manager also located the crypto setup within a larger “super-cycle” he’s been mapping for years. He contends that markets are still in the early innings of an AI-driven capex boom and a demographic regime that keeps demand for productive technology elevated. That backdrop, he said, has repeatedly wrong-footed bears who anchored on yield-curve inversions and 1970s inflation analogs.
“People have a hard time understanding and grasping super cycles […] we look for story arcs that last 10 to 15 years,” he said, arguing the last three years showcased “mass misconceptions” about recession and persistent inflation that never reconciled with reported earnings.
The Macro Backdrop Pressed on risks to the call, Lee downplayed the idea that inflation is about to re-accelerate and argued that oil would need to approach levels near $200 to deliver a true growth shock to US households. “The most overrated risk is that inflation’s coming back,” he said, pointing to cooling housing and labor metrics and stating that recent claims about re-heating core services inflation were “dead wrong” when checked against the PCE series.
On policy path-dependence, he suggested that even a December hold by Chair Powell would likely accelerate political pressure for a leadership change, muting the medium-term impact on risk assets.
Timing-wise, Lee sees positioning as the near-term accelerant. He argued that institutions remain behind their benchmarks after repeatedly fading rallies through 2023–2025 and that the final weeks of the year often force a chase into outperforming segments. “There is incredible demand for equities because people are really off-sides […] 80% are trailing their benchmark this year […] they’re going to be buying stocks,” he said, adding that the AI trade “is going to come back strong” and that crypto tends to correlate with that move.
For Ethereum specifically, Lee’s case reduces to a simple through-line: the pipes getting built are where the next leg of growth accrues. Stablecoins, tokenized gold, and Wall Street’s broader tokenization agenda are traffic that runs on programmable blockchains; the market, in his view, is only beginning to price that through. “If you’re raising your growth expectations, then your discount to the future is going up,” Lee said, explaining why he believes ETH can “have a huge move into year end” and reach the $9,000–$12,000 range by January.
At press time, ETH traded at $3,447.
ETH bulls need to defend the 0.618 Fib, 1-week chart | Source: ETHUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com
Source: Adobe / top imagesA new platform named BitcoinOS aimed at bringing Bitcoin into the decentralized finance (DeFi) landscape has been introduced by a team of blockchain developers at Sovryn.
The platform, which the developers describe as an “operating system” for Bitcoin, utilizes “sovryn rollups,” creating a foundational layer for decentralized applications (dapps) on the Bitcoin network, according to an announcement posted on Sovryn’s website this week.
Does Bitcoin seem frozen in time? Other chains have smart contracts, scaling layers, rollups – and Bitcoin?
Introducing BitcoinOS: a superlayer of interoperable rollups turning Bitcoin into a global operating system.
Innovation is coming to Bitcoin!#BitcoinOS
Link⬇️ pic.twitter.com/4BV7E5Xn5G
— Sovryn | DeFi for Bitcoin (@SovrynBTC) January 25, 2024
This platform, presented as a “public good,” allows any developer to contribute and build tools in their preferred programming language.
BitcoinOS will be “be game-changing,” the announcement on Sovryn’s website proclaimed, noting that it combines “rollup flexibility and scalability, ensuring interoperability, and allowing seamless movement of Bitcoin and native assets across systems.”
“BitcoinOS redefines Bitcoin as a global operating system for the world,” the announcement added.
BitcoinOS increases speed and lower costs of transactions
Bitcoin’s primary blockchain, recognized for its high security, has over the years been criticized by some members of the crypto community for its slower transaction speed and higher costs during peak periods.
BitcoinOS aims to address these limitations by providing scalability, programmability, interoperability, and a nearly trustless security model.
The platform’s fraud system enables even a single honest participant to prevent fraudulent transactions, thereby enhancing security.
Sovryn’s announcement also highlighted that BitcoinOS allows for complete smart contracts, enabling developers to launch their rollups, fostering composability and interoperability among various applications.
The project thus seeks to prevent liquidity silos and enable shared economic activity between different projects, the announcement said.
Sovryn is also known as the issuer of the Sovryn Dollar (DLLR), a Bitcoin-backed decentralized stablecoin which is redeemable for BTC.
Bitcoin DeFi app Sovryn is expanding to the Ethereum blockchain with the help of hybrid layer-2 network developer Build on Bitcoin, the two companies announced on Thursday.
Sovryn is a decentralized platform launched at the end of 2020 that offers lending, borrowing, and margin trading through smart contracts in the Bitcoin ecosystem. Built as a DAO on the Bitcoin sidechain Rootstock (RSK) that allows for the creation of smart contracts, Sovryn has been working to enhance Bitcoin with advanced DeFi capabilities.
The first project that Sovyrn will launch on Build on Bitcoin is a decentralized exchange (DEX) called Dex 2.0. The group claims this project will come with lower gas fees and faster transactions than competitors like Uniswap, and “unparalleled capital efficiency.”
“We've known Sovryn for a long time, and they've definitely been spearheading a lot of the early DeFi work in the Bitcoin space,” Build on Bitcoin co-founder Alexei Zamyatin told Decrypt. “Egan was the first person I called up when we started working on [Build on Bitcoin], trying to get him excited about expanding the Sovryn ecosystem and also trying to learn about the struggles they had.”
A layer-2 protocol refers to technology designed to mitigate congestion on a blockchain by creating a secondary chain that works in conjunction with the main network. For example, the Lightning Network is a layer-2 micropayments protocol for Bitcoin. Other examples of layer-2s include Arbitrum and Optimism on Ethereum.
"With Build on Bitcoin, you can use 350 [Ethereum Virtual Machine] wallets," Zamyatin said. "For the layman, that means you can pick almost any wallet; it doesn't necessarily need to be Bitcoin only or deal with UTXOs. It makes the whole thing much more user-friendly."
In January, Sovyrn launched BitcoinOS, which uses what the company called “sovryn rollups” to create a foundational layer for decentralized apps (dapps) on Bitcoin.
“By joining forces with BOB, we are not only expanding Sovryn's reach but also creating a DeFi ecosystem that is accessible to millions of Bitcoin users worldwide,” Sovryn co-founder Egan Yago said in a statement.
On Sovryn’s Dex 2.0, Zamyatin explained, users can select different networks via the user interface, such as the BOB Ethereum layer-2 protocol. He noted that the selection process is similar to choosing between Ethereum, Optimism, and Arbitrum on Uniswap.
When asked why developers are focused on bringing DeFi to Bitcoin, Zamyatin said it was because of Bitcoin's reliability.
"Bitcoin is the backbone of the entire Web3 ecosystem. If Bitcoin falls, everything else falls, if everything else breaks Bitcoin is still there," he said. "I think that is one of the main properties of Bitcoin—it's stable and robust. Bitcoin is predictable."
With renewed interest in the number-one blockchain by market capitalization stemming from projects like Ordinals and the approval of Bitcoin ETFs, Zamyatin is optimistic about the future of Bitcoin development.
“Bitcoin had its harsh times when nobody wanted to really engage with it,” Zamyatin said. “We both had a feeling that it was going to have a renaissance, and luckily, we were right.”
Edited by Ryan Ozawa and Andrew Hayward
Editor's note: This story was updated after publication to clarify descriptions of Sovryn and Build on Bitcoin.
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America is the largest economy in the world, and its GDP is around $29 Trillion. However, despite that, Robert Kiyosaki, the popular Book author and advisor, believes that America is falling. More importantly, he provided exact reasons why it is happening in his recent X post, sharing his concern over the country’s current situation. Additionally, he believes that hard assets like Bitcoin are the solution to solving all the US’s problems.
Why does Robert Kiyosaki Believe That America is Falling? Robert Kiyosaki has been quite vocal about people achieving financial freedom and gaining it regardless of the economy, the US government, or other macroeconomic factors. He has often commented and warned about the functioning of the country and the role of the government, banks, and other traditional entities in this. It is because Kiyosaki believes that these are pushing the country backward per Kiyosaki.
In one such warning, he recently revealed why America is falling in an X post. Robert claimed that this is what will happen thanks to the current leaders, and regarded President Biden and Vice President Kamala as lefties and liars. He stated that he is amazed how all this lying, cheating, and stealing has still kept the country resilient, strong, and undefeatable.
Q: WHY IS AMERICA FAILING?
A: WTF do you expect when lefties
Promote “Defund the Police” and
such absurd ideas as “if you steal less than a hundred dollars….lts not a crime?”
“Lying, cheating, and stealing….are sins against the souls of all human beings.”
With all the…
— Robert Kiyosaki (@theRealKiyosaki) October 6, 2024
With this post, he has questioned the function of the ongoing government. More importantly, he showed concerns over Biden and Harris’s plans, where they talked about “Defunding the police and stealing below hundred dollars as not criminal activities.”
Since the US Presidential election is now just 29 days away, the political pressure is rising in the country, where each candidate is preparing for their best performance. Just recently, Donald Trump presented the Elon Musk Dark MAGA at his Pennsylvania rally, gaining new hype from voters from this collaboration. At the same time, Harris is also working on her public appearances, interviews, and much more.
With this building political tension, Robert Kiyosaki has also often participated with his views on Trump and Harris’s leadership, with the former gaining his support. He ended his post by wishing to welcome great leaders like Washington, Lincoln, Kennedy, and others who led with integrity.
In another post, Robert warned of the Financial crisis in America which is its rising debt. He warned everyone that this debt could push the country back and the people could lose their hard-earned money.
HOW MUCH is a trillion? A trillion seconds was 31,688 years ago. America goes a trillion $ in debt every 100 days. Now do you know why you must buy gold, silver, and Bitcoin?
— Robert Kiyosaki (@theRealKiyosaki) August 22, 2024
Can Bitcoin Save The People? In an interview, Michael Saylor, the CEO and Founder of MicroStrategy, claimed that Bitcoin will become 7% of the world capital by 2045, which is a big deal. More importantly, its price will grow from hundreds of thousands to Millions of dollars. As a result, it will be the most profitable asset for its holders, but these are just predictions for now. Despite that, Bitcoin’s current growth is already impressive, creating a big hype around its future.
At the time of writing, the BTC price has surged to $62K, which is quite high, but it is slowly approaching the ATH at $73K. Moreover, it has a market capitalization of $1.2 Trillion, almost half of the entire crypto market. It makes BTC the top-performing token of the crypto market this year, with 41% in YTD%. This is what attracted Robert Kiyosaki and many others to endorse this cryptocurrency. Its constant growth since its launch in 2009 makes it a desirable investment for thousands of investors.
Robert Kiyosaki has been promoting this crypto for a long and called such hard assets forever-lasting assets, unlike paper money. This is because paper money loses its value comparatively faster. Even third-party entities like banks control their functioning, making them a risky investment. More importantly, many crypto analysts have forecasted that the Bitcoin price will rise to millions in the next few years. If this happens, it could boost users’ portfolios to new levels.
Final Thoughts Robert Kiyosaki has again appeared for a new warning for his followers, but this time, it concerns the whole country. As the US presidential election is near, he has presented his views on Joe Biden and Kamala Harris. As per him, these two are putting the country at risk after allowing lying, cheating, and stealing. Additionally, for years, he has promoted hard assets like Bitcoin and others to build their future and save America. As per Robert, investment in hard assets is a must, as the country is piling up trillions of debt.
Howard Lutnick, the billionaire chief executive of Cantor Fitzgerald, hailed Donald Trump as the best choice for rich America.
He underlined that one of the good sides of a former president is that he took care of the American worker and growth in America, but also him being a crypto advocate and wanting to implement tariffs.
Lutnick Praises Donald Trump’s ‘America First’ for Economic Growth In a recent podcast with Anthony Pompliano, founder and CEO of Professional Capital Management, Howard Lutnick argued that Donald Trump’s “America first” policy helped attain 3% GDP growth and wage increases during his term.
He added that the tariffs protected American jobs, and the economy built up American manufacturing through Trump.
On the opposing side, Lutnick showed his criticisms of Democratic policies. This includes the American Rescue Plan, which he deemed over-incentivizing the economy, causing inflation, and further hurting the middle to the working class. However, the appreciating assets were enjoyed by the rich.
This 2-hour conversation with @howardlutnick is a must listen.
We discuss the US economy, inflation, currency debasement, government spending, tariffs, the Presidential election, and what Howard endured on 9/11.
I spend much of my time thinking about the economy and how to fix… pic.twitter.com/s8pT7d8GXD
— Anthony Pompliano 🌪 (@APompliano) October 28, 2024
To Lutnick, Trump’s approach to protecting American jobs and sustaining wealth-building opportunities makes him the ideal advocate for both economic stability and wealth growth in the US.
Trump’s Tariff Policy Could Boost Jobs and Wealth According to Lutnick, Donald Trump’s tariff policy is the new face of safeguarding American prosperity. America, therefore, must maintain its economic strength. The billionaire said that if the government has to tax its people with a considerable amount, for instance, up to $400 billion, which has been the case when a country levies heavily in terms of taxation on its citizens, then this should be levied against the foreign producers, such as those from China.
He said that before an income tax existed in 19th century, the US could thrive when it relied solely upon tariffs. That had allowed way to the gigantic public investment in infrastructure by politicians and figures like Teddy Roosevelt.
This surplus-generated model was how this nation could build without skinning off its citizens. According to him, this shift away from tariffs after the world wars, left the US open to economic exploitation. That happened because tariffs were dropped in favor of income taxes to fund global rebuilding efforts.
Lutnick believes Trump’s plan brings a return to economic nationalism. It does that by using tariffs to force foreign companies to “pay to play” in the American market. It is also restoring an economic strategy that will directly benefit American manufacturing, jobs, and wealth.
Bitcoin as a Commodity, Not a Currency Unlike a currency that threatens the dollar, Bitcoin is more widely accepted as a commodity in finance.
With him would probably agree the CFTC Chair Rostin Benham who also thinks of Bitcoin as of a commodity. He recently urged Congress to legislate on crypto regulation and election betting.
Lutnick imagines that with more institutional finance acceptance – the acceptance will expand more and more, thus pushing up its value. He also thinks that Trump’s economic policies, like tariffs and the revitalization of manufacturing, align with the ethos of self-sufficiency and financial independence principles. All of this, Bitcoin even furthers by offering a decentralized asset.
Recently, some reports showed that crypto-friendly Donald Trump’s win in the 2024 US presidential election may trigger a Bitcoin price rally to $92K.
The billionaire believes that Trump is open to innovation, and his protection policies for the American worker, combined with Bitcoin being a non-governmental commodity, can potentially raise prosperity throughout the US.
In a landmark development, Bitcoin (CRYPTO: BTC) mining operations are set to heat one of the coldest regions on Earth.
What happened: Sazmining, a Bitcoin mining firm that connects individual retail miners with renewable energy-powered facilities, said in a press release that the new site would come up in Norway, just above the Arctic Circle.
The mining site would be hydro-powered, and the heat generated from the process would be repurposed to warm up buildings, replacing oil-fired boilers with high carbon footprints.
Additionally, the excess heat would be supplied to local industries, such as the drying of cod fish, helping the residents save on energy costs.
"We’re proving that Bitcoin mining can deliver true value for value. By integrating nearly 100% carbon-free energy and repurposing mining heat for local industries, we’re creating a win-win for everyone," Sazmining CEO Kent Halliburton said.
See Also: Satoshi Nakamoto Identity Prediction Market Appears More Volatile Than Bitcoin
Why It Matters: Bitcoin mining sites are large data centers that run on massive amounts of electricity, helping to keep the network secure and pushing more Bitcoins into circulation.
Heat is one of the biggest by-products of the process. As such, repurposing this excess heat could be a lucrative business opportunity, especially in areas with extremely cold climates.
Bitcoin mining also plays an important role in Texas, the Bitcoin mining hub of the U.S.
Minere here help in stabilizing the state's power grid by powering up their operations when there is an excess capacity of electricity while drastically lowering the when the state requires more usage during extreme weather conditions.
Read Next:
Emory University Follows Tesla, Block And PayPal With $16M Bitcoin Investment Photo courtesy: Unsplash
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Robert Kiyosaki, a renowned entrepreneur and investor who supports Bitcoin and is also well known for authoring the popular book “Rich Dad Poor Dad,” has issued a tweet discussing the growing significance of BTC under the current economic conditions in the U.S.
He shared an investment plan that he has been following with his X audience, which includes regular Bitcoin investments.
Kiyosaki on Bitcoin and "fake US dollars"Financial guru Kiyosaki revealed that he has been “hiding real money,” which he calls gold and silver. According to his tweet, he now owns “tons of gold and silver” AS, in 1985, he also began to buy his own gold and silver mines.
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The investor reminded the audience that U.S. dollars are not currently backed by anything, hinting that the gold standard was removed. Now, aside from gold and silver, he also saves the digital gold. He said, “I save Bitcoin.”
WHO CARES? I watch in amusement as so called “experts” debate Gold vs Bitcoin. I was fortunate enough to realized “We The People” were being “F’d” by our own government in 1965.
In 1965, when I was 18 years old, I could see “copper” on the edge of our “silver” coins. Only 18…
— Robert Kiyosaki (@theRealKiyosaki) November 28, 2024 Kiyosaki took a jab at those running the U.S. Treasury – Janet Yellen – and the Fed; both are run by people who are similar to his “poor dad” caricature from his aforementioned book. The “poor dad” is a composite image of someone who has little or no financial literacy and relies on a poorly managed economy, while the “rich dad” from the book is a generalized way to discuss people who do not just save money that gets devalued quickly but use it to boost their wealth with profitable assets.
It is no wonder, Kiyosaki said, that “poor dads” Yellen and the Federal Reserve have triggered the U.S. to become “the biggest nation debtor in history.” He then expressed his take on the current purchasing power of the USD that is the result of that growing debt: “Our dollar will soon be toilet paper.”
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Kiyosaki suggests buying Bitcoin to get richerIt is important under the current economic conditions in the U.S., he believes, to invest in coins every month, whether it is gold, silver or Bitcoin. If you do not know which you want to bet on, he says, just “buy one gold coin, or one silver coin, or one Bitcoin Satoshi.” Then he recommends setting a monthly goal of purchasing the chosen asset.
“Choose one coin, gold, silver, or Bitcoin….set a monthly goal….and get richer,” he said in the tweet.
On Wednesday, Bitcoin soared above $82,000, but the next day, it dropped below the crucial $80,000 mark. On Thursday, the first spot Bitcoin ETF established by a US bank, Morgan Stanley Bitcoin Trust ETF (MSBT), had modest inflows of $7.3 million. As Bitcoin fell below $80,000, US-listed spot Bitcoin (BTC) ETFs ended a five-day influx of roughly $1.7 billion. According to SoSoValue statistics, Bitcoin funds had their first daily outflow in May of $277.5 million on Thursday.
According to Farside, the top two funds in terms of outflows were the Fidelity Wise Origin Bitcoin Fund (FBTC) with $129 million and BlackRock’s iShares Bitcoin Trust ETF (IBIT) with $98 million. In the midst of increased Bitcoin volatility, there was a dramatic shift in the flows into Bitcoin ETFs. On Wednesday, Bitcoin soared above $82,000, but the next day, it dropped below the crucial $80,000 mark.
Mixed Investor Sentiment On Thursday, the first spot Bitcoin ETF established by a US bank, Morgan Stanley Bitcoin Trust ETF (MSBT), had modest inflows of $7.3 million. Farside reports that since the fund’s introduction on April 8, 2026, there has been zero days of outflows.
With a 557% increase in client assets retained since debut, MSBT has amassed 2,920 BTC, valued at around $232.6 million. In addition to its flagship product, the Grayscale Bitcoin Trust (GBTC), the low-cost spot Bitcoin ETF known as the Grayscale Bitcoin Mini Trust ETF (BTC) was the only other Bitcoin fund to get inflows that day.
The 21Shares Canton Network ETF (TCAN), the first US-listed ETF to provide direct exposure to Canton Coin, the native utility token of the Canton Network, debuted on the Nasdaq with the Bitcoin ETF today.
After momentarily regaining “Neutral” the day before, the crypto market downturn sent the Crypto Fear & Greed Index into “Fear” on Friday at 38. The indicator is still much higher than its April average of 17 due to the 11% increase in Bitcoin over the last 30 days.
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Content writer by profession. A crypto lover and has passion for writing. Follows the developments of digital currency right from its launch, years ago.
Market maker giant Jane Street is again drawing intense attention in crypto markets, with experts claiming the firm’s “next target” may now be Ethereum (ETH).
The speculation comes after reports that Jane Street made several major adjustments to its positions during the week, following months of scrutiny tied to alleged trading manipulation connected to Bitcoin (BTC).
From Bitcoin Retreat To Ethereum Expansion Jane Street, one of Wall Street’s most active proprietary trading firms, reportedly reduced multiple Bitcoin-linked holdings in the first quarter (Q1) of the year, while meaningfully increasing its exposure to assets tied to Ethereum.
Jane Street’s position in BlackRock’s iShares Bitcoin Trust (IBIT) fell by 71% quarter-over-quarter to about 5.9 million shares, with a reported value near $225 million.
The firm also cut its stake in Fidelity’s Wise Origin Bitcoin Fund (FBTC), where holdings fell approximately 60% to around 2 million shares, valued at nearly $115 million at quarter-end.
The reduction also extended to Strategy (previously MicroStrategy). Jane Street’s Strategy holdings fell from about 968,000 shares in Q4 2025 to roughly 210,000 shares by the end of Q1. The reported value declined from close to $146 million to around $27 million.
But while the firm was dialing back Bitcoin exposure, it was simultaneously building its Ethereum footprint. Jane Street expanded its holdings in Ethereum ETFs, with positions in BlackRock’s iShares Ethereum Trust nearly doubling during the quarter.
The firm also added substantially to Fidelity’s Ethereum fund. Combined additions across the two ETH products were estimated at approximately $82 million.
Smaller Derivatives, Bigger Impact? The move is now being framed by analysts as a potential continuation of the same pattern some observers associate with Jane Street’s earlier Bitcoin-linked controversies.
Analysts at Bull Theory suggested that the firm behind a “daily 10 AM Bitcoin dump,” the same firm that was reportedly sued for insider trading in the $40 billion LUNA collapse, and the same firm with $567 million frozen by Indian regulators could now be targeting Ethereum.
Their central argument is that ETH may be easier to move than BTC, primarily because of market structure and scale. Bull Theory pointed out that Bitcoin futures open interest stands at roughly $60 billion, while Ethereum’s is slightly more than half at about $34 billion.
The thesis is that a smaller derivatives market can make it possible to influence price with a smaller amount of capital. They also emphasized relative market size, noting that ETH’s market cap is $273 billion compared to BTC’s $1.6 trillion. Under their logic, the same amount of capital would create 6 times greater price impact in ETH.
The analysts also argued that the Ethereum ETF market is still relatively early. They claimed that Bitcoin ETFs hold roughly 6.67% of all circulating BTC supply, while Ethereum ETF penetration is lower, meaning there may not yet be the same institutional “demand floor” to absorb coordinated selling.
Their conclusion was pointed: they believe the rotation into Ethereum is not happening primarily because Jane Street is forecasting bullish fundamentals for ETH, but because Ethereum is “easier to move.”
The daily chart shows ETH’s attempt to reclaim the key $2,300 level as support. Source: ETHUSDT on TradingView.com At the time of writing, ETH was trading at around $2,292, with almost no change from Wednesday’s price. Meanwhile, other assets such as Bitcoin and XRP saw gains of around 2% and 4% respectively during the same period.
Featured image created with OpenArt, chart from TradingView.com
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
The outflow on Friday added to the $1.55 billion that has been drained from the ETFs since May 14. The majority of the $2.7 billion in net inflows to the US Bitcoin ETF market this year have originated from IBIT. The US spot Bitcoin exchange-traded fund market is about to see net outflows for the year after six days of withdrawals that began on Friday. After Friday’s market loss of $105.2 million—$68.9 million for BlackRock’s iShares Bitcoin Trust (IBIT) and $36.3 million for Fidelity Wise Origin Bitcoin Fund (FBTC)—net inflows into Bitcoin ETFs for 2026 have decreased to $536 million.
Withdrawal Streak Shrinks 2026 Inflows The outflow on Friday added to the $1.55 billion that has been drained from the ETFs since May 14, when the last net inflow was reported, even though no other Bitcoin ETF based in the US saw a change in flows.
It is possible to gauge the level of institutional interest in Bitcoin and the flow of new money into the cryptocurrency market by looking at the net inflows into US spot Bitcoin ETFs. The first quarter saw a 70% reduction in Bitcoin ETF holdings at institutional market maker Jane Street and a 10% reduction at investment bank Goldman Sachs.
The majority of the $2.7 billion in net inflows to the US Bitcoin ETF market this year have originated from IBIT, however the industry as a whole is still seeing net inflows for 2026.
While most of its rivals have seen a decline in 2026, its inflows this year are not expected to surpass the $25 billion it received in 2025. So far in 2026, there have been net outflows from US-based spot Ether ETFs, and new altcoin ETFs have failed to meet the same level of demand as their predecessors.
The Morgan Stanley Bitcoin Trust ETF (MSBT) is one encouraging trend; it debuted on April 8 and has received $264 million in net inflows so far.
A diploma graduate who is passionate about digital currency and loves writing. He loves the concept of crypto and keeps himself up to date with the latest development and news of the crypto world.
Bitcoin (BTC) starts its first full trading week with no new CME futures gap on the chart. The shift ends an eight-year market quirk that traders relied on to forecast short-term price targets.
The Chicago Mercantile Exchange (CME) moved its regulated cryptocurrency futures and options to around-the-clock trading on May 29. The change removed the weekend closure that had produced visible price gaps since Bitcoin futures launched in December 2017.
Why the CME Gap Mattered for Bitcoin TradersFor nearly nine years, CME Bitcoin futures closed every weekend while spot exchanges and offshore perpetual markets kept trading.
Any weekend move produced a chart gap when futures reopened. Price often returned to fill it within days or weeks.
Historical fill rates ranged from 70% to more than 90%. The pattern became one of the most watched short-term signals in crypto.
The structure also frustrated institutions, which could not adjust hedges over weekends on a regulated venue.
Bitcoin CME Futures. Source: X/Daan Crypto Trades “BTC Closed last weekend’s CME gap and is now trading in the big area between the other few remaining gaps. This weekend, 24/7 trading starts for the Bitcoin CME futures so there won’t be any new gaps created anymore going forward. The ones left standing will of course still sit there on the chart,” wrote analyst Daan Crypto Trades.
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What Changes Under Continuous TradingCME now runs Bitcoin, Ether (ETH), Solana (SOL), and six other contracts continuously. Daily maintenance windows run two minutes on weekdays and two hours on Saturdays.
The shift gives portfolio managers, ETF issuers, and corporate treasuries a regulated channel to hedge weekend exposure in real time.
“Client demand for risk management in the digital asset market is at an all-time high, driving a record $3 trillion in notional volume across our Cryptocurrency futures and options in 2025,” read an excerpt in the announcement, citing Tim McCourt, CME Group’s Global Head of Equities, FX and Alternative Products.
The expansion follows record activity across CME crypto products during 2025.
Bitcoin Volatility futures, a new contract tracking 30-day implied volatility, are scheduled to debut on June 1.
Where the Market Sits NowBTC traded near $73,441 on Sunday, down 3.7% on the week, after the quietest weekend in recent memory.
Bitcoin (BTC) Price Performance. Source: BeInCryptoThree legacy gaps stay open on the chart. Two sit above current price near $78,500 and $80,000, and one below in the $67,000 to $70,000 zone.
THE CME GAP ERA JUST ENDED🧵
CME Bitcoin futures will now trade 24/7 just like perps.
But $BTC still has 3 UNFILLED gaps left:
• $80K
• $78.5K
• Below $70K
And this is going live during active war tensions.
Here's what changes for you as a trader. pic.twitter.com/3bXlLx7hGV
— Wise Advice (@wiseadvicesumit) May 29, 2026 Whether those gaps still pull price action under continuous trading is the first real test of the post-gap era.
Early CME volume and open interest on Monday will signal how quickly institutions adapt their playbooks.
BlackRock launched the iShares Bitcoin Trust (IBIT) ETF on January 11, 2024, the same day that Fidelity launched its Fidelity Wise Origin Bitcoin Fund (FBTC). Despite launching on the same day, there is a huge gap between the two ETFs in terms of inflows, fees, and the assets under management (AUM).
BlackRock dominates other Bitcoin ETFs with the highest net assets of $47 billion, with Fidelity trailing at a far second with $11.30 billion in net assets.
IBIT’s dominance comes when institutional inflows towards Bitcoin ETFs could rise if the CLARITY Act gets approved before 2026 ends, hence the question: Can FBTC surpass IBIT in inflows and net assets, or will IBIT remain the biggest Bitcoin ETF on Wall Street?
A Deep Dive into BlackRock’s IBIT ETF IBIT started trading 30 months ago, and it has already amassed $47.95 billion in net assets, which accounts for 61% of all the net assets accumulated by all 13 Bitcoin ETFs that trade in the US.
CoinGape also reported that the SEC has approved a filing by BlackRock for a Bitcoin Premium Income ETF.
BlackRock’s IBIT ETF has also recorded $62 billion in cumulative inflows since it was launched, and this is six times higher than the second-largest BTC ETF by net assets.
This ETF charges a fee of 0.25% to investors to seek exposure to Bitcoin through it, and it closed trading on June 18 at a price of $35. The June 18 closing price marks a 50% from the 52-week high of $71.
The dropping Bitcoin price has also affected the returns on IBIT, with BlackRock’s official data showing that holders have seen negative returns of 18% in one year. However, investors who have held since inception on January 11 have a return of 21%.
IBIT Bitcoin ETF The chart above also shows that IBIT’s benchmark that compares the difference in performance with Bitcoin is at 0.27%, suggesting the ETF is giving almost the same returns as holding Bitcoin would.
IBIT’s Technical Analysis IBIT’s daily chart shows that the ETF opened the year trading at $50, and the 30% drop that has been seen since then has led to IBIT establishing support at $34.
The RSI reading of 35 shows that the momentum is bearish, and IBIT might continue dropping if the price of Bitcoin does not register an upside.
However, this RSI reading of 35 suggests that sellers might soon become exhausted, and that would give IBIT room to recover.
IBIT Price Chart The volume bars that have been red for four straight days confirm that sell-side pressure has indeed been behind IBIT’s drop in market price, and if this continues, the Bitcoin ETF might retest this support of $34.
Fidelity’s FBTC Bitcoin ETF Overview Fidelity’s FBTC is the second-biggest Bitcoin ETF with net assets of $11.30 billion and a cumulative net inflow of $10.46 billion per SoSoValue data.
FBTC holds 0.89% of Bitcoin’s market cap, and while it trails behind IBIT’s 3.79% share, Fidelity charges the same 0.25% fee on the ETF.
FBTC is listed on the CBOE Exchange, and it closed trading on June 18 at a price of $54 and that is a 50.9% drop from the 52-week high of $110.
FBTC Bitcoin ETF Fidelity says that FBTC offers 0.00087048 BTC per share, and that means that at the current price of Bitcoin of $64,000, an investor with 1 FBTC share holds $55 worth of Bitcoin.
Just like with IBIT, an investor who has held FBTC since it started trading in January 2024 has a return of 21%. However, FBTC’s loss of 30% in the last year is higher than IBIT’s loss of 18%.
FBTC’s Technical Analysis The daily chart for FBTC shows the ETF has dropped from $71 on May 11 to $35 at press time, and this mirrors Bitcoin’s drop from $82,000 on May 11 to $64,000 at press time.
The RSI of 35 shows that the momentum around FBTC is currently favoring bears, but the AO bars that are green but on the negative side show that these bears could be losing their grip.
FBTC Price Performance Compared to IBIT FBTC has established a support level of $52, but a move upward will only occur if bulls can push past the obstacle of $71.
Bitcoin Performance Relative to Bitcoin ETFs Spot Bitcoin ETFs have largely influenced Bitcoin price for the last 30 months, and the two biggest ones: IBIT and FBTC, have either sparked gains or drops.
IBIT flows have turned negative in the six months leading to June 2026, with outflows totalling $26 million per SoSoValue data. FBTC has seen the same performance, with $1.6 million in outflows within the same period.
The Bitcoin price chart shows that these outflows have pushed the price lower, with BTC moving from $87,000 in January 2026 to $64,000 in June 2026.
BTC Price Chart Zooming out on BTC’s chart to 2024, when the IBIT and FBTC ETFs started to trade, shows that the price of Bitcoin moved from $40,000 in January 2024 to $73,000 in March 2024, marking a 45% increase within three months.
That 2024 performance shows that the demand coming from institutions has assisted BTC’s price gains.
The RSI reading of 36 on Bitcoin’s weekly chart also suggests that the momentum is bearish as buy-side pressure fades, and this could be because fewer institutional investors are buying Bitcoin ETFs.
Which Bitcoin ETF Will Outperform? Both IBIT and FBTC track the price of Bitcoin, and that means that they give the same return depending on whether BTC is rising or dropping.
However, IBIT has the upper hand, and it is already outperforming FBTC in net assets and cumulative inflows. Its 61% market share will likely keep climbing because Fidelity does not have any advantage over BlackRock because the two ETFs charge the same fees.
Therefore, IBIT will likely outperform FBTC in net assets and inflows in 2026 as its market share dominance pulls in new investors.
Santiment stated that investors showed strong interest in altcoins such as Delysium (AGI), Tether (USDT), Bitcoin (BTC), USD Coin (USDC), Solana (SOL), and Bittensor (TAO).
25.03.2026 - 10:16
Update: 25.03.2026 - 10:16
Bitcoin and altcoins are struggling to recover amidst the turbulent days of the US-Iran conflict.
While Bitcoin struggles to hold above $70,000, cryptocurrency analytics company Santiment has revealed the most popular altcoins in the cryptocurrency world in its latest post.
According to Santiment, investors showed strong interest in altcoins such as Delysium (AGI), Tether (USDT), Bitcoin (BTC), USD Coin (USDC), Solana (SOL), and Bittensor (TAO).
AGI led the trending cryptocurrencies in the last 24 hours, surprisingly followed by USDT, BTC, USDC, SOL, and TAO.
The most popular cryptocurrencies in the crypto sector and the reasons why are listed below: Delysium: AGI is trending thanks to NVIDIA CEO Jensen Huang’s striking statements about artificial general intelligence.
USDT: Trending due to Tether’s announcement that it has contracted with one of the Big Four accounting firms for the first fully independent audit of its USDT reserves (reported at approximately $180-192 billion).
Bitcoin: BTC is trending due to massive institutional accumulation. The institutional accumulation process continues to dominate the headlines, particularly with spot ETF inflows spearheaded by giants like BlackRock and Fidelity.
USDC: Reports indicate Circle has frozen USDC balances in 16 hot wallets in connection with a US legal case, and regulatory discussions surrounding USDC’s decentralization are trending.
Solana: SOL is trending due to the launch of the Solana Developer Platform (SDP) by the Solana Foundation.
Bittensor: TAO is trending due to Grayscale’s spot ETF application and the halving process on the network. Investors are showing interest in TAO.
*This is not investment advice.
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Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The cryptocurrency market is experiencing one of the most dynamic moments of the year as Bitcoin has surpassed the psychological $78,000 mark for the first time in two months. This breakout is accompanied by a strong inflow of liquidity; on the Solana blockchain alone, 500 million USDC were issued within a short period of time, according to Whale Alert.
The main catalyst for growth was a sharp positive shift in geopolitics. The market reacted to news of a possible deescalation in the Middle East. Statements from the parties about opening the Strait of Hormuz for commercial shipping triggered a drop in oil prices below $80 for WTI and a sharp rise in risk assets — first of all BTC.
BTC/USD price chart with Whale Alert post, Source: TradingViewUSDC printing press: 500 million “in the moment”Against this backdrop, the Whale Alert system recorded the creation of two batches of 250,000,000 USDC, worth a total of $500 million in Circle’s treasury. The majority of the new issuance was deployed on the Solana network, bringing the weekly stablecoin issuance volume on this chain to a record $3.25 billion in 2026.
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Historically, such large USDC issuances precede phases of active buying or are used by institutions to collateralize margin positions amid rising volatility.
Despite the euphoria, experts from Glassnode and JPMorgan warn of a “sell wall” and potential profit-taking. Support is now located in the $75,000-$76,000 range. The ceiling for BTC in this rally is marked at $86,796, where the 200-day moving average is currently stretching.
At 21:21 UTC on Monday, May 18, 2026, someone minted 1,000 eBTC on Monad. At Bitcoin’s spot of roughly $77,000, that’s about $77M of unbacked wrapped Bitcoin appearing from nothing on Echo Protocol’s Monad books. The attacker converted ~$870K of it into real WBTC by depositing a slice as collateral on Curvance and borrowing against it. The other 99% of the fake supply is parked on the attacker’s wallet, because Monad’s lending and DEX depth can’t absorb more.
This piece was written in the first hour after the drain. The initial public flag came from @dcfgod on X, who linked the suspicious mint transaction and tagged the affected teams; Monad co-founder @keoneHD acknowledged the incident shortly after and said the team and external security researchers were investigating. Echo Protocol and Curvance have not yet published statements at the time of writing. Final numbers on bad debt, attacker holdings, and any recovery plan will shift as post-mortems land. Treat the figures below as the best on-chain reads available as of the evening of May 18, 2026.
The dollar amount is small. The architectural shape makes this worth writing about. The same privileged-role failure mode that produced the Resolv USR exploit in March and the KelpDAO rsETH exploit in April just produced another one, on a new chain, against a new asset class. The realized loss is roughly 30× smaller than Resolv and over 250× smaller than KelpDAO. The pattern is the same.
What Echo, Curvance, and Monad Are Echo Protocol is a Bitcoin liquidity and yield project most visible to date on Move-based ecosystems. The Monad deployment is newer and smaller, and eBTC is its wrapped Bitcoin token there. The product shape is the familiar one: deposit BTC, hold a transferable representation that can move into lending, DEXs, and yield strategies the way WBTC does on Ethereum. The identification of this exploited contract with the Echo Protocol team specifically is currently community attribution; the project itself has not yet publicly confirmed the affected deployment as of writing.
Curvance is an omnichain lending protocol that lists collateral assets and lets users borrow against them, similar in shape to Aave or Morpho. On Monad it had a fresh eBTC/WBTC market running, with eBTC accepted as collateral against real WBTC borrows. The protocol’s lending logic was not the failure point here; it treated the collateral it received as exactly what the token contract said it was, and the token contract was the problem.
Monad is a young high-performance EVM L1 that opened to a wider set of deployments earlier this year. Echo, Curvance, and most of the assets sitting on Monad lending markets right now are fresh deployments, often without the operational layers (multisig admin keys, timelocks, monitoring, paranoid role separation) that the equivalent contracts on Ethereum have accumulated over years of incidents.
The Attack: Role Takeover, Then Mint On the eBTC token contract at 0xd691b0aFed67F96CEC28Ab6308Cbe5b2C103b7e9, the attacker ran a short sequence of role-manipulation transactions: granted themselves DEFAULT_ADMIN_ROLE, used that admin role to self-grant MINTER_ROLE, and then revoked the admin role to clean up. With minter authority in hand, the actual mint was a one-line follow-up: mint() to the attacker’s address (0x6a0109d3c5ab56277096c75e8f5d1d1d45243415), 1,000 eBTC issued directly from the zero address. The mint transaction (Monad block 75,477,995) sits at:
How the attacker got that initial DEFAULT_ADMIN_ROLE grant is the part nobody outside the Echo team can answer yet. The plausible options are the standard ones: a compromised admin private key, a misconfigured initial deployment that left the role grantable, or a contract-level access control bug that let an unprivileged caller escalate.
The Cashout: Deposit, Borrow, Bridge The attacker did not try to dump 1,000 eBTC into a DEX. Monad’s eBTC liquidity is thin, and the slippage would have eaten most of the extraction. They used the lending path instead, the same playbook Resolv’s attacker used to convert fake USR into ETH and KelpDAO’s attacker used to convert fake rsETH into WETH.
According to on-chain accounting reconstructed from the attacker wallet’s history, the cashout sequence was:
Deposit roughly 45 eBTC into Curvance’s eBTC market as collateral. The attacker received Curvance’s wrapped collateral receipt (ceBTC) in return. Borrow against that collateral across multiple transactions, pulling out approximately 11.296 WBTC in total. The reason the borrow stopped there is some combination of Curvance’s available WBTC supply, the LTV ceiling on the eBTC market, and any borrow caps set on the asset; which of those was the binding constraint isn’t yet confirmed. Bridge the borrowed WBTC off Monad. Community researchers tracking the wallet flagged LayerZero as the likely route; the exit transaction itself has not been independently confirmed at the time of writing. Route the proceeds toward a mixer. Tornado-style obfuscation has been mentioned by multiple analysts on X, again as the most likely path rather than a confirmed on-chain fact. The attacker still holds the bulk of the minted supply: roughly 955 eBTC sitting idle in the wallet, plus a small ceBTC position on Curvance. The residual sits there because Monad simply doesn’t have anywhere for it to go — no lender on the chain has the depth to absorb another borrow at that size, and DEX liquidity on eBTC would collapse against any meaningful dump.
The Curvance market is the immediate casualty. The lender is sitting on collateral whose redemption is in dispute against an outstanding WBTC borrow of 11.296 tokens, roughly $870K at current spot. Whether that hole gets backfilled by Echo, by Curvance’s treasury, or absorbed by suppliers depends on a recovery plan that hasn’t been published yet.
The Blast Radius This incident is small and localized, and that’s worth saying clearly.
The damage is contained to Curvance’s eBTC/WBTC market on Monad. Curvance’s lending logic was not exploited; the protocol behaved correctly given inputs it had no way to verify. Other Curvance markets, on Monad and on the chains Curvance is deployed across, are not affected. Aave, Morpho, Spark, Fluid, and the rest of the major lending markets on Ethereum and the L2s have no Echo eBTC exposure.
Inside Monad, the secondary risk is anything else that listed Echo’s eBTC as collateral or held it in a vault. That list is short today because the asset is young, but it’s worth watching. Any DEX pool with eBTC liquidity is sitting next to a wallet that owns 955 of the things and has demonstrated willingness to dump them, so DEX LPs face slow-bleed risk if the attacker decides extraction-via-DEX is worth the slippage hit.
Untouched: real Bitcoin, real WBTC on every other chain, every other Bitcoin wrapper, and every other lending market that didn’t list eBTC. The failure here is asset-specific and chain-specific.
The Uncomfortable Questions How did the attacker get the admin role in the first place? This is the question Echo has to answer, and it’s the only one whose answer matters past the immediate cleanup. If a hot admin key leaked, the lesson is operational. If the deployment left the role grantable to addresses it shouldn’t have, the same template needs reviewing on any other chain Echo deployed it on. If there’s an access-control bug in the contract logic itself, the scope expands.
Why did escalating one role break the whole thing? Whatever the entry point, the contract was structured so that a single compromise produced the entire outcome: no timelock between admin role grant and minter role grant, no separate “mint authority” multisig sitting downstream of the admin, no rate limit on freshly-granted minter roles. Multisigs, timelocks, and rate-limited mint authority on wrapped Bitcoin contracts exist precisely so this kind of single compromise can’t immediately produce 1,000 fake BTC. None of those were present here.
Should Curvance have listed eBTC at all, and with what parameters? The realized bad debt is small in absolute terms (~$870K) partly because the LTV on the market appears to have been kept fairly tight (11.3 WBTC borrowed against ~45 eBTC of deposited collateral isn’t aggressive leverage) and partly because the lender’s WBTC supply on the market was modest. The harder question is whether a freshly-deployed wrapped Bitcoin token with mint authority sitting on a single admin role should have been accepted as collateral in the first place, on any LTV, by a lender that had no way to monitor for unauthorized issuance.
Will Monad’s lending markets tighten listing standards? Monad has spent its early months courting builders and shipping tokens fast. That’s the right strategy for getting an L1 ecosystem off the ground; it’s also exactly the condition that produced this incident. Whether the lending markets respond by tightening parameters on freshly-listed assets, or wait for a larger event to do that, is the question worth watching.
The Lesson, Again Strip away the specifics and this is the same exploit as Resolv and KelpDAO.
Resolv’s USR exploit was a single externally owned address that could pass arbitrary mint amounts into completeSwap(), and ~$25M of real value walked out the door. KelpDAO’s rsETH exploit was a one-of-one DVN on a LayerZero adapter, and ~$236M of real value walked out the door. Echo’s eBTC exploit was a single admin role on a Bitcoin wrapper, and ~$870K of real value walked out the door.
What recurs across all three is the architectural shape: a privileged component on the edge carrying more authority than the surrounding system understood, with a downstream lending layer already composed against the asset as if the privileged component were sound. The lender behaves correctly. The token behaves correctly within its own access-control rules. The composition fails. The trust assumption embedded in the asset turns out to be weaker than the trust assumption the lender was operating on.
The realized losses look very different across the three incidents because the lending markets sitting downstream are very different. Mature lenders on Ethereum have learned to cap their exposure to any single collateral asset, to scrutinize the access controls of anything they list, and to keep blast radius small even when an upstream component breaks. New chains and new asset issuers haven’t built those reflexes yet. Until they do, each new ecosystem gets to learn the same lesson over again at whatever scale its lending markets happen to be running at the moment.
What Happens Next The Monad team has acknowledged the incident publicly and said security researchers are reviewing the contract and the wallet history. The real outstanding answers fall to two teams. Echo has to explain the chain of custody on the admin role and what the recovery plan looks like for the unauthorized supply. Curvance has to address the listing decision and how the bad debt gets covered.
The attacker’s wallet is being tracked, and any further movement of the residual ~955 eBTC or of the bridged WBTC will be visible quickly. Whether the bad debt gets socialized to Curvance suppliers, absorbed by Curvance’s treasury, or covered by Echo as the upstream point of failure is the call Curvance has to make.
For anyone using newly-launched lending markets on newly-launched chains, the practical takeaway is narrow: before you supply real assets, look at what the borrowable collateral actually is, who can mint it, and whether anything stops them from minting more. If your lender can’t tell you which keys can produce that collateral, neither can you.
Hacking incidents in the cryptocurrency market seem never-ending. Most recently, another DeFi protocol was targeted.
Accordingly, the Bitcoin-focused DeFi protocol Echo Protocol was vulnerable today, making it the latest in a wave of DeFi attacks this year.
Echo Protocol, a Monad (MON)-based Bitcoin liquidity project, announced via its X account that a security vulnerability had occurred in its bridge.
The team stated that they are investigating the incident and announced that they have temporarily suspended all cross-chain transactions.
This announcement comes after Onchain Lens reported that Echo Protocol was exposed to a security vulnerability worth $76.7 million.
According to onchain analyst Onchain lnes, the attacker generated 1,000 eBTC, the protocol’s liquidity token, on Monad and used it as collateral to borrow WBTC.
He then bridged the WBTC to Ethereum, converting it to ETH, and sent it to the cryptocurrency mixer Tornado Cash.
Following the hack news, the price of Echo Protocol (ECHO) fell. ECHO is listed on Binance Alpha, Binance’s pre-listing pool.
*This is not investment advice.
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On CNBC’s Mad Money, host Jim Cramer stirred markets by labeling both Bitcoin and gold as “bad money,” claiming that market liquidity is flowing into high-growth tech stocks like Nvidia and Apple. His latest statements come at a moment when debate is intensifying over why the crypto market is lagging behind its technology sector rivals.
Cramer’s take on Bitcoin and StrategyRecently, Cramer went so far as to accuse Strategy co-founder Michael Saylor of “killing Bitcoin” after the company sold 32 BTC. In an assessment at the beginning of June 2026, Cramer argued that the market may need to rethink its traditionally Bitcoin-friendly attitude toward Strategy.
In his view, the company has long functioned as a foundational support for the Bitcoin price. While some observers identify MicroStrategy’s influence as a driving force in the crypto space, Cramer contends that such diagnoses might be too harsh or simplistic.
Mini glossary: Strategy, formerly known as MicroStrategy, is a US-based software company distinguished by massive Bitcoin holdings on its balance sheet. Michael Saylor is a public figure best known for spearheading the company’s Bitcoin-focused treasury strategy.
Cramer noted that the pro-Bitcoin stance the market has taken towards Strategy may need to be reassessed, pointing out that the company has long served as a crucial price support for the asset.
Shifting stance and utility debateBack in February 2026, Cramer also openly questioned what real-world use Bitcoin offers. He asked what genuinely underpins the asset and rejected the view that Bitcoin serves as an effective hedge against geopolitical tensions. These comments sharply contrasted with his previously positive outlook in prior years.
Cramer had previously highlighted his early interest in crypto assets. In a 2021 interview on The Pomp Podcast, he revealed that he had invested $500,000 in Bitcoin following advice from Anthony Pompliano, expressing optimism at the time. However, his subsequent commentary has marked fluctuating positions toward the cryptocurrency.
Is liquidity shifting to AI stocks?A central theme emerging from the report is that artificial intelligence-focused stocks are attracting a growing share of market liquidity. According to this viewpoint, the underperformance of Bitcoin may stem from investors’ mounting preference for companies tied to the AI boom, rather than for crypto assets.
Arthur Hayes, co-founder of BitMEX, recently advanced a similar analysis. Hayes argued that most new US dollar liquidity is channeled into the AI sector, limiting the capital that could fuel a sustained Bitcoin rally.
Arthur Hayes observed that large portions of newly created dollar liquidity are being absorbed by the AI sector, weakening the capital flows necessary to drive major Bitcoin gains.
At present, AI-linked stocks led by Nvidia have overtaken crypto markets in terms of capital inflows. This new landscape offers a fresh perspective on where investors are focusing their risk appetite and which sectors are emerging as favorites in the quest for outsized returns.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
In an X post, Cramer posited that investors are liquidating assets to free up cash for SpaceX, expected to be the biggest stock market debut in history. But the way he described those assets raised some eyebrows.
Sign Of BTC Bottom?SpaceX Driving Sell-Offs Everywhere?Cramer has expressed concerns that growing speculation about SpaceX and its eventual inclusion in the S&P 500 could be fueling an unusual rotation out of some of the market's biggest winners, including the “Mag 7” stocks.
The assets he mentioned have indeed experienced some losses in the lead-up to the highly anticipated IPO on Friday.
A sudden rally in space stocks has also coincided with a drop in Bitcoin, which some market strategists attribute to the anticipated SpaceX IPO.
Price Action: At the time of writing, BTC was exchanging hands at $61,974.63, up 1.07% in the last 24 hours, according to data from Benzinga Pro.
Nvidia shares fell 0.62% in after-hours trading after closing 3.73% lower at $200.42 during Wednesday’s regular trading session. Apple shares closed 0.35% higher at $291.58.
According to Benzinga's Edge Stock Rankings, the NVDA stock sustains a stronger price trend over the short-, medium-, and long-term periods, complemented by high Growth and Quality scores.
Photo courtesy: katz / Shutterstock.com
Market News and Data brought to you by Benzinga APIs
CNBC host Jim Cramer has called Bitcoin and gold “bad money” as investors move capital toward high-growth technology names and private market opportunities.
Summary
Jim Cramer called Bitcoin and gold bad money as investors chase SpaceX, Apple and Nvidia. His latest Bitcoin comments follow criticism of Michael Saylor and Strategy’s rare 32 BTC sale. Analysts linked the June crash to Fed policy, Iran tensions, ETF outflows and excessive leverage. His comment came during a difficult month for Bitcoin. The asset recently fell near the $60,000 area before recovering to trade near $62,796 at the time of writing.
Cramer says Bitcoin and gold face selling pressure Cramer wrote on X that “Bitcoin and gold–bad money” were being liquidated for SpaceX. He also said Apple and Nvidia were “good money” but were also being sold.
Bitcoin and gold–bad money, being liquidated for SpaceX. Apple and Nvidia –good money–being liquidated
— Jim Cramer (@jimcramer) June 10, 2026 The comment placed Bitcoin in the same liquidity debate as gold and major technology stocks. Cramer’s point was that investors may be selling several assets to raise cash for new opportunities.
SpaceX has drawn fresh market attention as investors watch a potential public listing. AI-linked firms and large technology names have also attracted large amounts of capital this year.
That has made liquidity a central market topic. When investors shift money into AI, private deals or major tech stocks, fewer funds may be available for risk assets such as Bitcoin.
Strategy sale keeps Bitcoin debate active Cramer’s latest post follows his earlier criticism of Strategy and Michael Saylor. As previously reported by crypto.news, he said Strategy’s sale of 32 BTC shook market confidence.
The sale was small compared with Strategy’s total Bitcoin holdings. However, traders focused on it because the company has long presented itself as a major Bitcoin accumulator.
Cramer previously said Strategy had acted as a “key trampoline” for Bitcoin’s price. He later wrote that Saylor had “murdered Bitcoin,” drawing a response from Saylor, who called the decline “just a flesh wound.”
The exchange turned Strategy’s role in Bitcoin markets into a wider debate. Some traders questioned whether one firm had too much influence on market sentiment, while others viewed the sale as minor.
AI and SpaceX rotation adds another pressure point AI capital demand has become one explanation for Bitcoin’s weaker performance. BitMEX co-founder Arthur Hayes has also argued that AI has absorbed a large share of new market liquidity.
Some market participants linked Bitcoin’s decline to capital rotation toward Anthropic, SpaceX and OpenAI. The argument is that large fundraising needs can compete with crypto for speculative money.
A crypto.news report said SpaceX IPO interest did not directly cause the June crash. It described the AI and IPO trade as a slow-moving pressure rather than the main trigger.
That distinction matters for Bitcoin traders. Tech rotation may reduce demand over time, but sharp market moves still depend on macro news, fund flows and leverage.
Bitcoin remains tied to macro and ETF flows crypto.news reported that the June crypto crash had several causes. These included hawkish Federal Reserve expectations, US-Iran tensions, Strategy’s 32 BTC sale, ETF outflows and leveraged liquidations.
Bitcoin also faced pressure from a long ETF outflow streak. That removed a major source of institutional demand while traders were already cutting risk.
For now, Cramer’s “bad money” comment adds to the public debate around Bitcoin’s place in portfolios. It does not change the core market test.
Bitcoin still needs stronger ETF demand, calmer macro conditions and a firm hold above the $60,000 area. Without those signals, traders may keep watching whether capital continues moving toward AI, SpaceX, Apple and Nvidia.
In This Article The Inverse Cramer Record: What the Historical Data Actually ShowsWhy Cramer Called Bitcoin Bad Money: The SpaceX and AI Rotation StoryCan Bitcoin Hold $62,000, or Is the Jim Cramer Call Actually Right? On June 10, 2026, CNBC host Jim Cramer posted on X: “Bitcoin and gold, bad money, being liquidated for SpaceX. Apple and Nvidia, good money, being liquidated.” Bitcoin was trading near $62,796 at the time, having just bounced off the $60,000 level during one of the rougher weeks of this Bitcoin bear market.
The post landed in crypto communities like a starter pistol, not because traders agreed with Cramer, but because of a well-documented pattern that runs in the opposite direction.
Jim Cramer’s Bitcoin calls have historically preceded recoveries rather than confirmed declines. The Inverse Cramer phenomenon is real enough that structured products were built around it, and it is worth examining seriously, not just as a meme.
But past patterns are not guarantees, and the current macro picture has genuine complications. Here is what the historical record actually shows, what Cramer’s framing reveals about real market forces, and what the price data says right now.
The Inverse Cramer Record: What the Historical Data Actually Shows Inverse Cramer.
Whatever he says the opposite is happening.📝 https://t.co/lW4CsEZXes pic.twitter.com/LO0NEE3G2p
— Ant (@KingAnt) June 10, 2026
The Inverse Cramer trade highlights a peculiar pattern in Bitcoin’s history. In 2017, Cramer called Bitcoin “monopoly money” just before its rise to nearly $20,000. In June 2021, he sold most of his Bitcoin, citing concerns about China’s crackdown, right before the market rebounded.
By January 2024, he warned of a Bitcoin selloff ahead of the US spot ETF launch, which ended up being a major catalyst for Bitcoin. However, by November 2024, he reversed his stance, urging people to own Bitcoin and even using BTC profits to pay off his mortgage.
This pattern suggests that when a prominent financial commentator like Jim Cramer expresses peak bearishness, it often coincides with retail capitulation, indicating potential recovery points. Analysts refer to this as a Cramer bottom signal, not that Cramer is always wrong, but his strongest calls often occur at sentiment extremes.
However, it’s important to note that an Inverse Cramer ETF has returned approximately -5.56% by October 2023. Hence, while this pattern provides insights into sentiment, it should be considered alongside other market indicators rather than as a standalone strategy.
DISCOVER: Best Meme Coin ICOs to Invest in 2026
Why Cramer Called Bitcoin Bad Money: The SpaceX and AI Rotation Story Cramer’s argument regarding Bitcoin is noteworthy in its own right, as he suggests that capital is shifting away from Bitcoin toward higher-conviction investments, including a potential SpaceX IPO, Apple, Nvidia, and AI developments.
This idea resonates with other analysts, including BitMEX co-founder Arthur Hayes, who believes that AI has taken a significant share of market liquidity this year, diverting funds from crypto.
The narrative surrounding the SpaceX IPO suggests that investor enthusiasm may be drawing speculative capital away from digital assets. Crypto.news highlighted this trend as a slow pressure rather than a crash trigger.
The June crypto crash stemmed from several factors, including Federal Reserve hawkishness, geopolitical tensions, and ETF outflows and liquidations.
Our analysis shows that significant institutional demand for Bitcoin has softened, underscoring that Cramer’s views may not fully capture Bitcoin’s long-term value, even if he’s right about short-term capital competition.
EXCLUSIVE: Earn $10 USDC Via Binance Sign-Up
Can Bitcoin Hold $62,000, or Is the Jim Cramer Call Actually Right? $BTC
Current Trade + My Weekly Thesis,
Price is bouncing from the HVN, and the overall structure is still intact and bullish.
Currently we are in a low risk long from 61.6k,
Our second limit got frontrunned (posted on discord earlier).
I won't take anymore longs until 60k,… https://t.co/g26sNO9G6x pic.twitter.com/WFN6EQ0z1N
— Kaz (@XBTkaz) June 11, 2026
Bitcoin’s current technical picture is genuinely contested. The $60,000 area has emerged as the key psychological support level; it held during the June selloff, but each test of that floor incrementally weakens it. Recovery to $62,796 is encouraging, but it is a recovery from stress, not a breakout from strength.
Bull case: Bitcoin holds above $60,000, ETF outflows stabilize and reverse, and the Cramer “bad money” comment serves as a textbook contrarian indicator bottom signal. A recovery above $65,000 on volume would begin to confirm this scenario. The broader Bitcoin price 2026 narrative, post-halving supply squeeze, and institutional adoption remain structurally intact. Base case: Bitcoin consolidates in the $60,000–$65,000 range for several weeks as macro uncertainty persists. Capital rotation toward AI and SpaceX continues to cap upside without triggering a breakdown. ETF flows remain choppy but do not accelerate to the downside. This is a grinding range, not a trend. Bear case/invalidation: Bitcoin loses $60,000 on a daily close with volume, confirming that the Jim Cramer call was not a sentiment extreme but an accurate read on structural capital outflows. A break below $58,000 would invalidate the current base and open the door to a deeper leg of the Bitcoin bear market. The AI liquidity argument would gain significant credibility in this scenario. Michael Saylor’s response to Cramer – dismissing the decline as “just a flesh wound”, captures the bull camp’s position. Strategy’s sale of 32 BTC was small relative to the company’s total holdings, and the market reaction likely says more about fragile sentiment than about a fundamental deterioration.
As our earlier coverage of CZ’s bottom call and ETF outflow data noted, high-profile bearish signals from prominent voices have repeatedly preceded stabilization, but stabilization still requires confirmation from flows, not just sentiment.
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Alex Ioannou
On-Chain Journalist
Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More
