Track market-moving stories before they get noisy

Also known as Auxiliary Proof-of-Work or simply AuxPoW, merged mining enables you to mine multiple blockchains at the same time without spending additional energy on mining. It is carbon-neutral as it re-uses the proof from work already performed. It could be seen as someone (the miner) entering a lottery of sorts. With merged-mining the miner can submit the same lottery ticket and numbers to different lotteries (merge-mined blockchains), increasing their rewards.

Merged mining was first presented by Satoshi Nakamoto in 2010, and was subsequently introduced to Bitcoin Core. It can be considered a Bitcoin primitive. See Bitcoin's Merged Mining Specification.

From our perspective, it will be proven over time to be a critical component for incentivizing a robust and decentralized Bitcoin network as BTC block rewards will continue to diminish. Without merged-mining, revenue from mining Bitcoin would eventually be limited to Bitcoin’s flat network fees.

Furthermore, merged mining enables Bitcoin’s hashrate to be extensible and support blockchains that offer important utility beyond the scope and best-purpose of the Bitcoin protocol itself.

Note: Blockchains that naively use merge-mined settlement are subject to the same vectors of PoW in general. A solution now exists to solve those challenges, and it comes in the form of a hybrid consensus system that provides decentralized Finality on top of merged-mining. Such a solution is present in Syscoin. Dig into Syscoin's Finality.

For more information or to set up your miner(s) to merge-mine Syscoin, refer to the Merged Mining Setup Guide.

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Despite the ongoing correction in the crypto market, opportunities abound for investors. In the spotlight this week is Bitcoin, but the world of altcoins is equally brimming with potential.

#1 Bitcoin (BTC) – The King Of Crypto Bitcoin remains the bellwether of the crypto market, and its price action is once again expected to set the tone for the week. Grayscale’s GBTC ETF, which currently holds 566,973 BTC ($23.21B), is a key focal point. The ETF has seen outflows of approximately 52,227 BTC ($2.14 billion) since it was passed, leading to speculation about when these outflows will end.

According to the #Grayscale website, #Grayscale currently holds 566,973 $BTC($23.21B), decreasing ~52,227 $BTC ($2.14B) since the ETF was passed.

And iShares(Blackrock) holds 33,431 $BTC($1.37B), Fidelity holds 24,857 $BTC($1.02B), Bitwise holds 10,152 $BTC($415.6M). pic.twitter.com/fx2Kj3WpSB

— Lookonchain (@lookonchain) January 22, 2024

Crypto analyst Ignas | DeFi Research pointed out the psychological impact of Grayscale’s continuous selling: “Grayscale’s continuous dumping every working day gave the market trauma. Now, everyone expects another BTC transfer from GBTC to Coinbase and BTC dumped in advance. A massive rebound awaits when that anticipated morning transfer never happens.”

Thus, the spot Bitcoin ETF flows in general (how can the “newborn nine” absorb the GBTC outflows) and the GBTC outflows particular will be key data points, which will determine the price trend this week. At press time, BTC was falling towards the 6-week low at $40,270.

BTC price drops below $41,000, 4-hour chart | Source: BTCUSD on TradingView.com #2 Dogecoin (DOGE) The creation of the X Payments account on the X platform (formerly Twitter) has ignited speculation about the inclusion of Dogecoin in the project. This speculation led to a 23% surge in DOGE’s price within just 5 hours on Saturday. Although the gains were partially reversed, this incident underscores the importance of following X Payments closely.

X Payments is part of X’s plan to launch its payment service, and the account already boasts over 100,000 followers, including prominent figures in the crypto community. DOGE is a strong contender for inclusion due to Elon Musk’s association with both X and his fondness for the meme coin. Investors are eagerly awaiting any substantial announcements from X Payments, as they could significantly impact DOGE’s price.

#3 Render (RNDR) The launch of Apple Vision Pro on February 2nd is poised to have a profound impact on the Render (RNDR) network. During the announcement of Apple Vision Pro last year, RNDR experienced a substantial price surge. The distributed computing sector, including RNDR, is expected to benefit significantly from Apple Vision’s launch.

Speculation surrounds a potential partnership between Apple and the crypto company behind RNDR, OTOY. OTOY is closely associated with both the RNDR token and Octane, a product linked to RNDR. The CEO of OTOY, Jules Urbach, has connections to both products, fueling rumors of collaboration.

Apple’s mention of RNDR during its WWDC 2023 event further supports the notion of a possible collaboration.

#4 Chiliz (CHZ) Chiliz (CHZ) has piqued the interest of investors with the promise of new tokenomics. CEO Alexandre Dreyfus has hinted at a revamped tokenomics model, including a burn system, subsidization of staking rewards, and external consultation. Dreyfus stated, “Farming and earning CHZ on the Chiliz network is coming soon to your screens (and wallets).”

Farming and earning $CHZ on the @chiliz network is coming soon to your screens (and wallets).#SportFi #Tokenomics https://t.co/JJXJz00xwP pic.twitter.com/KlsBvaQNkV

— Alexandre Dreyfus (@alex_dreyfus) January 20, 2024

Additionally, the PEPPER airdrop is generating excitement within the CHZ community. This airdrop involves growing CHZ on the Chiliz blockchain to receive daily PEPPER rewards from the greenhouse. Dreyfus has actively engaged with the community on social media, encouraging users to follow @PepperChain for early access to the PEPPER meme airdrop.

#5 Frax Share (FXS) Frax Share (FXS) is making headlines with the upcoming launch of SfrxETH on EigenLayer, scheduled for January 29th. SfrxETH is the native ETH LSD token of the Frax protocol and has experienced significant growth. Fraxtal, Frax’s Layer-2 blockchain, is also set to launch in the first week of February.

With a TVL of over $1 billion and a market capitalization of $685 million, FXS is set to attract the attention of the crypto community. CEO and founder Sam Kazemian, aims to roll out Fraxtal as a significant addition to its existing product suite. Several projects, including Curve, have proposed deploying their functionalities on Fraxtal, which utilizes rollups technology to execute transactions efficiently.

In a recent interview, he expressed high expectations for Fraxtal’s performance, predicting substantial TVL and market capitalization growth in the coming months. “The current timeline is the first week of February. Etherscan will support it on day 1 with Fraxscan, and a huge slew of projects will debut soon after launch. It will surely be one of the biggest rollup releases of the year,” Kazemian remarked.

He added, “We expect at least a 9-figure total value locked in the first month and $1 billion plus for Q1. That should put us in the top 5 chains soon thereafter if our innovations are well received.”

Featured image from iStock, chart from TradingView.com

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Crypto and money laundering: What you need to know

Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure

U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.

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Analyst: Micron's earnings boost overall market sentiment for the tech sector

Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”

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2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing

According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.

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BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.

BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.

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Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.

Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.

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Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.

According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.

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As of September 18, the broader crypto market has risen a percent as major cryptocurrencies like Bitcoin and Ethereum featured their return to pre-September levels. This bullishness bled to the altcoin market, prompting many tokens to follow the trend. Nervos (CKB) is one of those tokens that experienced astonishing growth with a 120% uptick, outperforming the broader market. 

Although CKB’s gains in the short term have been great, the long-term implications of such price movements are still important for investors and traders. The market’s current bullishness might continue for the broader community, but CKB’s performance long-term might be in question. 

Nervos: Breakthrough Halted By Resistance  The token has gained control of the $0.015 support level for an attempted breakthrough on the $0.0198 resistance. However, the latter has held its ground against the bulls in the short term, potentially putting the gains made in the past few days in jeopardy. 

CKB’s position in the short term is threatened by this rejection as the token’s trajectory might push CKB well below its $0.015 support level. If this occurs, it will represent a sudden flip in the short-term outlook of investors and traders. 

The relative strength index (RSI) gives a clue as to where the token is heading. As of writing, the RSI points to a majority bull market for CKB, pushing the narrative that the token will continue upward. It also shows that the momentum of CKB’s market is on the side of the bulls. 

CKBUSDC trading at $0.017 on the daily chart: TradingView.com If the token continues to get rejected by this crucial resistance level, the token’s momentum will eventually side with the bears flipping gains to losses. Once this occurs, CKB’s trajectory will touchdown on $0.0114 in the short term. 

Nervos Network (CKB) Market Support

✅ Supported Market: KRW, BTC, USDT Market
📅 Trading opens at: 2024-09-13 17:00 KST (estimated time)

🔗 Discover more:https://t.co/Zys7A2zGTj#Upbit #CKB pic.twitter.com/V6vdR8CVG8

— Upbit Korea (@Official_Upbit) September 13, 2024

Upbit Lists CKB Trading Pairs And Other Developments This Week Upbit’s official X accounts have announced this week that CKB is now supported on the trading platform. The South Korean crypto exchange lists three CKB trading pairs, namely CKB/KRW, CKB/BTC, and CKB/USDT, upping the liquidity of the token in the long run. This will lead to bigger exposure to the Korean market.

Digital assets on Nervos, through the imagiNation.market, are given new life as the latter is now listed on JoyID, a crypto wallet provider on Bitcoin. Although digital collectibles activity on Nervos is quite low, we can expect this development to contribute positively in the coming days or weeks. 

With the market’s general bullishness, we can expect the token to perform well in the short term even if it might face retracements in the coming days.

Featured image from Facts.net, chart from TradingView

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

11/20 update below. This post was originally published on November 19

Bitcoin, ethereum and smaller cryptocurrencies have plunged over the last month as crash fears suddenly sweep through the market.

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The bitcoin price has dropped under $100,000 per bitcoin, giving up the psychological level and dragging ethereum and other major cryptocurrencies lower even as analysts claim the liquidity “flood gates” have been opened.

Now, as traders brace for a potential $1 trillion bitcoin and crypto market crash, the threat to crypto from quantum computers has led to ethereum cofounder and the project’s spiritual leader Vitalik Buterin warning elliptic curve cryptography could break before the next U.S. presidential election in 2028.

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Forbes‘Flood Gates Are Now Being Opened’—Bitcoin Braced For Trump ‘Tsunami’ As He Promises 2026 Price Game-ChangerBy Billy Bambrough

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Vitalik Buterin, a cofounder of ethereum, the second-largest cryptocurrency after bitcoin, has issued a stark warning over ethereum's future.

AFP via Getty Images

“Elliptic curves are going to die,” Buterin warned, referring to one of the foundational pillars of bitcoin, ethereum and crypto encryption, during the Buenos Aires Devconnect conference in comments reported by DL News.

11/20 update: Ethereum cofounder Vitalik Buterin has also warned that the growing influence of Wall Street giant BlackRock over cryptocurrencies including bitcoin and ethereum could cause problems for the networks.

“How do you avoid capture by big behemoths like BlackRock?” Buterin was asked on stage, according to a DL News report, referring to a surge of institutional interest after the launch of BlackRock’s bitcoin and ethereum exchange-traded funds (ETFs) in early 2024.

Buterin warned that if BlackRock and other large institutions keep expanding their ethereum holdings, the network faces the possibility that those focused on decentralization get crowded out and base-layer choices are optimized for institutions, making it harder for regular users to run nodes, and in turn driving centralization.

“It easily drives other people away,” Buterin said. “We need to focus on the things that would otherwise be in short supply: global, permissionless, and censorship-resistant protocol."

This week, BlackRock registered a staked ethereum fund in Delaware, signaling its intent to enter the staked ether ETF market, while its flagship ethereum ETF now holds $10 billion worth of ethereum.

Last month, Google claimed a breakthrough in quantum computing, following in Microsoft’s footsteps after it unveiled a new quantum-enabling chip in February.

These and similar developments have catapulted quantum computing’s risk to bitcoin, ethereum and crypto up the agenda.

“Given the current staggering rate of hardware progress, I now think it’s a live possibility that we’ll have a fault-tolerant quantum computer running Shor’s algorithm before the next U.S. presidential election,” quantum computer researcher Scott Aaronson wrote in blog post this month, referring to how a quantum computer could break the encryption that underpins cryptocurrencies like bitcoin and ethereum.

The “magnitude of the threat that quantum poses to all blockchains,” has given crypto investor Nic Carter “an urgent sensation like I have to act on it now with as much intensity as I can muster,” he posted to X.

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ForbesJPMorgan Just Called The Bitcoin Price Bottom—Predicts Massive $28.3 Trillion Gold Challenge In 2026By Billy Bambrough

The bitcoin price has dropped sharply over the last month, dragging down ethereum and other major cryptocurrenices.

Forbes Digital Assets

"We don’t need to panic, but we need to get serious," Alex Pruden, the chief executive of quantum computing risk company Project 11 posted to X, adding that “quantum computers at sufficient scale will break crypto at the most fundamental level imaginable.”

Meanwhile, bitcoin developers have also been warned they need to prepare for the post-quantum world that could become a reality by 2030.

“You should have a few good years ahead of you but I wouldn’t hold my bitcoin,” Théau Peronnin, the chief executive of Alice & Bob, told Fortune during the Web Summit conference in Lisbon, Portugal.

“They need to fork [move to a stronger blockchain] by 2030, basically," Peronnin said. "Quantum computers will be ready to be a threat a bit later than that."

Strategy, formerly known as MicroStrategy, the largest public holder of Bitcoin (BTC), finds itself at the center of a stormy controversy involving JPMorgan as Bitcoin prices continue to struggle. 

With signs of a potential bear market emerging, fresh rumors suggest that one of the world’s largest banks allegedly holds a significant short position on Strategy’s stock (MSTR), which has plunged 69% from its record high of $543 per share last year.

Strategy Faces Potential MSCI Exclusion The turmoil escalated last week when JPMorgan issued a warning that Strategy might soon be removed from major equity indices, specifically the MSCI USA Index. 

JPMorgan’s analysts noted that the issues facing Strategy extend beyond the recent downturn in cryptocurrency prices, which have seen Bitcoin fall more than 30% from its all-time highs. 

As of this writing, Bitcoin is trading around $86,000, while the broader crypto market has experienced a staggering $1 trillion decline in total market capitalization over the past month.

JPMorgan’s analysts indicated that MSCI is considering whether companies with over 50% of their total assets in digital currencies should qualify for inclusion in traditional equity indices. Given that Strategy’s balance sheet is heavily weighted with Bitcoin, it is at significant risk of exclusion. 

The analysts stated that “MicroStrategy [is] at risk of exclusion from major equity indices as the January 15th MSCI decision approaches.” They speculated that removal from the MSCI could trigger approximately $2.8 billion in outflows, and if other index providers follow MSCI’s lead, the total could reach as high as $8.8 billion.

The situation is complicated by market dynamics, particularly the timing of JPMorgan’s bearish note, which coincided with Bitcoin’s weakness and MSTR’s decline, all while liquidity was thin and overall sentiment fragile. 

JPMorgan Faces Account Closures Surge According to analysts at the Bull Theory, JPMorgan has been noted for timing its market reports—bearing down when prices are already weak and striking a more bullish tone near market peaks. 

The analysts have highlighted that share lending for MSTR has reportedly increased, allowing brokers to lend shares to short sellers, which can exacerbate downward pressure on the stock price. 

Additionally, there are escalating reports of widespread account closures at JPMorgan, with thousands claiming to have exited due to perceived manipulation of both MSTR and Bitcoin. 

Amid these developments, the fear of a potential short squeeze is growing. The analysts believe that if Strategy’s stock were to rally around 40% to 50%, it could trigger a short squeeze in the bank’s position and spell major financial troubles. 

In response, Michael Saylor, the CEO of Strategy, has sought to clarify the company’s identity, emphasizing that it is not just a passive Bitcoin holder. He pointed out that Strategy operates as a software business with an active financial strategy, countering the narrative circulating around MSCI’s concerns.

As the situation unfolds, several key points emerge. The October 10th crash appeared to align with the MSCI announcement, coinciding with an already fragile market state. JP Morgan’s strategic timing of its bearish insights has amplified existing fears, creating further uncertainty as MSCI’s final decision looms.

The daily chart shows MSTR’s valuation trending downwards, trading below $170. Source: MSTR on TradingView.com Featured image from DALL-E, chart from TradingView.com

BARRONS: Strategy Snaps Up $109 Million Worth of Bitcoin After Week-Long Dry Spell

Bitcoin has entered a consolidation phase after a sharp sell-off in November last year. While the broader trend remains under pressure, short-term price action is compressing within a tightening structure. With flashing signs of weakened demand from U.S. spot buyers and prices stuck below major moving averages, BTC traders need to keep a close eye on support levels and whether buyers can regain momentum from here.

Bitcoin Price Analysis: The Daily Chart On the daily timeframe, BTC is forming a clear rising wedge pattern after its recent rebound stalled just below the $95K resistance zone. The pattern is getting tighter, with both the higher and lower boundaries being tested multiple times, hinting that a breakout is nearing. Both the 100-day and 200-day moving averages also remain above the current price, acting as dynamic resistance near $98K and $105K marks, respectively.

Bitcoin’s price was recently rejected from $95K supply zone, which coincides with the wedge pattern’s upper boundary. The RSI has also cooled off from overbought levels and is now hovering around 50, indicating a lack of bullish momentum but also room for a potential push if buyers return.

In this situation, if the wedge breaks to the downside, the next key support lies around the $80K area. A bullish breakout, on the other hand, would need to reclaim $95K and push above the mentioned moving averages before it can be taken as a serious sign of a new rally.

BTC/USDT 4-Hour Chart Zooming into the 4-hour chart, the same rising wedge structure is more visible. The price continues to respect the rising trendline from November’s low, but multiple attempts to break above $95K have failed.

Momentum on lower timeframes is choppy, with no clear follow-through from either side. Buyers defended the mid-range and the rising trendline several times, but the lack of strength near resistance is concerning.

A breakdown below the lower boundary near $88K would likely trigger a retest of the high-volume node near $86K and possibly push BTC toward the major green demand zone around $80K. On the flip side, if buyers manage to reclaim the $92K high and break above the key $95K resistance zone, an aggressive move toward the critical $100K level could be expected.

Sentiment Analysis The Coinbase Premium Index, which tracks the price difference between Coinbase and global exchanges, has been printing significant negative values and still remains in the red. Historically, strong positive premiums have accompanied major uptrends, especially when driven by U.S.-based spot buyers.

The current negative premium suggests reduced demand from U.S. institutional and retail players, a potential warning sign that the recent bounce might not be sustainable. This metric has often preceded deeper pullbacks during correction phases. Until the premium shifts back to positive territory, any bullish move should be treated with caution.

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As the January 15 markup of the crypto market structure bill—known as the CLARITY Act—draws closer, reports indicate that Coinbase (COIN) is reconsidering its support for the legislation. 

A Monday report from Bloomberg suggests this shift in position is contingent on whether the anticipated bill includes provisions beyond enhanced disclosure requirements tied to stablecoin rewards.

High Stakes For Coinbase The CLARITY Act is expected to be marked up in at least one Senate committee this Thursday, and Coinbase’s potential withdrawal could have significant implications for the bill. 

A source familiar with Coinbase’s stance told Bloomberg that the exchange would re-evaluate its support if the legislation veers too far from its interests, particularly regarding stablecoin incentives.

Some insiders suggest the bill might restrict the ability to provide rewards to regulated financial institutions, a move that aligns with the banking sector’s concerns about losing deposits to crypto platforms.

Coinbase currently holds applications for a national trust charter that could permit it to offer those kinds of rewards under regulatory rules. However, many crypto-native firms are pushing back against potential restrictions, arguing that such measures could disrupt competition in the market.

The stakes for Coinbase are high, as rewards programs play a crucial role in its business model. The exchange allows users to earn 3.5% rewards on Circle’s USDC holdings. 

Should the market-structure bill include bans on these incentives, fewer users might choose to hold stablecoins on the platform. This could jeopardize an anticipated revenue stream projected at $1.3 billion in 2025, according to Bloomberg.

Banking Vs. Crypto The GENIUS Act, passed into law in July of last year, prohibits stablecoin issuers from offering interest on token holdings, and does not prevent third-party partners like Coinbase from providing rewards tied to customer balances. 

The banking industry, however, argues that allowing exchanges to pay such rewards could negatively impact bank deposits and, consequently, community lending. 

As reported by Bitcoinist over the past month, the American Bankers Association (ABA) has voiced concerns that this situation could displace “billions” from local lending, allegedly harming small businesses and households.

In contrast, Faryar Shirzad, Coinbase’s chief policy officer, has argued that maintaining rewards tied to stablecoins is crucial for preserving the dollar’s dominance, especially in light of China’s announcement to start offering interest on its digital yuan.

Banking Lobby Fights Back A potential compromise being discussed would permit only licensed banking entities or financial institutions to provide rewards on stablecoin balances. 

Recently, five crypto firms, including Ripple, Circle, and Paxos, received conditional approvals from the US Office of the Comptroller of the Currency (OCC) to become national trust banks, a move met with opposition from the banking lobby. 

If restrictions are indeed imposed, the report suggests that this could lead to creative workarounds as crypto firms seek alternative ways to reward customers. 

The 1-D chart shows the exchange’s stock, COIN, surging 4% on Monday towards $245. Source: COIN on TradingView.com Featured image from DALL-E, chart from TradingView.com

Bitcoin’s price has shown strength over the past 48 hours and is now trading in the mid-$90,000s after days of consolidating around $90,000. Technical analyst Jackis presented a fair assessment of potential paths for Bitcoin’s next significant rise in the context of near-term consolidation and attempted breakouts above $95,000, outlining distinct scenarios for both bulls and bears.

Both Outlooks Have A Case, But Price Has To Confirm Bitcoin is now back to trading above $95,000 after a 3.1% increase in the past 24 hours. Price action in the past 24 hours alone shows that the outlook might be bullish. However, as it stands, Bitcoin’s price action has reached a point where traders should let the chart tell them what’s next. 

According to a technical analysis from a crypto analyst known as Jackis on the social media platform X, arguments alone are not enough here because there are both good bullish & bearish arguments out there for Bitcoin. In his words, he has watched similar-looking price action resolve in opposite directions across different cycles. 

Source: Chart from Jackis on X The chart below shows how Bitcoin price action is currently forming an ascending triangle pattern on the 8-hour candlestick timeframe chart. However, examples show how this same formation led to an upward reversal for Bitcoin in the past and then also a bearish continuation for Ethereum in the past.

Based on his read, he currently sees more reasons for downward continuation, and until the market proves otherwise, the active trend is bearish. Both bullish and bearish outlooks have a case, but price action has to confirm.

Bullish And Bearish Scenarios For Bitcoin Once price breaks out in either direction, the follow-through can be fast, which means being stubborn on the wrong side can be costly. 

On the bullish side, Jackis highlighted that a breakout toward $96,000 is the kind of move that would confirm a bullish continuation. He added that a push through $96,000 at this point could open the path to $107,000 or higher.

On the other hand, Jackis’ bearish trigger is tied to the rising support line. Price action can look constructive right up until the trendline snaps, and that’s the point where downside continuation becomes the higher-probability route in this framework.

If Bitcoin were to lose the lower trendline of the ascending trend, then it would likely drift back to the April 24 lows. The April lows refer to how Bitcoin rejected above $106,100 in January 2025 and entered into a multi-month correction that eventually bottomed at a low around $76,000. 

This means that a clean breakdown could change the conversation away from range chop in the mid-$90,000s to a reset.

BTC trading at $95,023 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com

Stock Market Warning SignsThe stock market has seen some concerning signs over the past few weeks that are worth paying attention to.

So far, over the past two months:

Consumer Staples have outperformed the S&P 500 by 14% Utilities have outperformed the S&P 500 by 11% These two sectors are what is called "defensive", meaning it is what the equity market rotates into ahead of recessions. Now, in the larger context, both of these are still in a larger downtrend against the broader market, but these recent signals in the equity market aren't the only warning shot.

We've seen AI-driven fears permeate all varieties of US equities. Everything from cybersecurity stocks to wealth management, to SaaS- every day, we're seeing new concerns being expressed.

There has been violent rotation underneath the surface of the equity market for months now- rotation that is not visible if you look at the major indices. That rotation, out of the high-growth tech (that had been driving the stock market higher for 3 years now), and into defensive sectors like consumer staples, utilities, and healthcare.

Here's the striking, strong negative correlation that defensives/tech has to Bitcoin:

Bond Market Warning SignsNot only are we seeing signs of defensive positioning in the equity market, but we are also seeing concerning signals in the bond market.

February saw a significant decline in US Treasury yields:

-2yr US Treasury yield (largely a bet on Fed policy) has declined by 14bps

-10yr US Treasury yield has declined by 29bps

-30yr US Treasury yield has declined by 25bps

If you see economic growth deteriorating, bonds are the first thing capital will flock to. Imagine a world where AI has caused 5% deflation rate – everything is getting 5% cheaper each year.

In this hypothetical, a 10yr US treasury bond yielding 4% would give you a +9% real return. This is why bonds will get purchased (therefore driving yields down), ahead of an economic slowdown.

Not only that, but Friday saw a red hot PPI print, and bonds still got bid, with the 10yr treasury yield a whopping 6bps. Inflation came in hot, and bonds got bought.

As if that wasn't significant enough, we know that US Treasuries had ceased to benefit from the ‘safe haven bid' during risk-off moments. The past 12+ months have shown this surprising reversal of decades of typical capital flows. Instead of the dollar and bonds getting bought, they'd get sold.

Well, on Friday we saw silver, oil, and gold soaring on geopolitical concerns. So, over the past 12 months, we'd expect that Treasuries would probably be getting sold, but the opposite was true.

Hot inflation print AND geopolitical risk, and bonds were bid.

Bitcoin = UntestedGoing off the data that we do have, it appears bitcoin's "high-beta tech stock" correlation might cause it to sell off significantly.

BUT:

To put it simply, they'd have to print an enormous amount of dollars.

So, while the initial move in bitcoin could be lower (even significantly so), the next move would likely take bitcoin to mid-six digits, at least.

Thanks for reading! Catch you in the next one! For more updates throughout the week, follow @WOLF_Bitcoin 

Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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While Ethereum (ETH) and XRP Exchange-Traded Funds (ETFs) ended March in negative territory, Bitcoin (BTC) funds recorded their best monthly performance of the year despite weak market sentiment and geopolitical tensions.

Bitcoin ETFs End Negative Spell Bitcoin ended the first quarter of 2026 by breaking out of a five-month negative streak, closing with a positive performance for the first time since September 2025. The flagship crypto has been in a downtrend over the past six months, retracing over 50% from its October all-time high of $126,000.

As its price closes the month in green, US spot BTC-based ETFs have also ended a multi-month negative spell on Tuesday. According to SoSoValue data, the funds pulled in $1.32 billion in March, registering their first monthly gain in 2026.

Bitcoin ETFs end five-month outflows streak. Source: SoSoValue The category has been registering outflows since November, with cumulative outflows of around $6.3 billion until February. Nate Geraci, co-founder of the ETF Institute, previously highlighted that spot Bitcoin ETF investors have “largely displayed diamond hands” despite the ongoing market correction and negative sentiment.

As reported by NewsBTC, Geraci argued that the funds’ cumulative outflows since the October 10 crash were insignificant compared to the $56 billion in cumulative total net inflows the category has experienced since its January 2024 debut.

Despite the positive monthly close, BTC ETFs ended a four-week inflow streak after investors pulled out $296.18 million from the investment products. Additionally, the funds ended Q1 on a negative note, as March inflows couldn’t offset the $1.81 billion redemptions from January and February.

Therefore, spot Bitcoin ETFs closed the first quarter of 2026 with $496 million in outflows, their second-worst quarterly performance after Q4 2025’s $1.15 billion cumulative outflows.

Solana Leads Altcoin ETFs Performance Similar to Bitcoin, Solana (SOL) ETFs closed March on a positive note and led altcoin-based funds, with inflows worth $45.44 million. This performance brought SOL investment products’ quarterly inflows to $213.1 million.

Notably, the category has not seen monthly outflows since its launch in October 2025, printing six consecutive months of inflows. Following this performance, Solana ETFs are near the $1 billion milestone, currently having cumulative net inflows of $979.3 million.

Nonetheless, Ethereum funds tell a different story, closing the month with $46 million in outflows. Unlike Bitcoin, the second-largest cryptocurrency extended its negative streak to five months, recording total outflows worth $3.21 billion since November.

In addition, ETH investment products saw $769 million outflows in Q1. CoinShares recent report noted that Ethereum led all assets in outflows last week, shedding over $200 million for the second straight week, which may signal that institutional demand for the second-largest cryptocurrency has been slowing.

Meanwhile, XRP funds recorded their first monthly outflows after investors pulled $31.3 million from the ETFs. The category has recorded a remarkable performance since launching in November, with over $1.24 billion in inflows in the first four months.

It’s worth noting that despite the March setback, XRP ETFs saw positive net flows worth $42.52 million during the first quarter of 2026, only behind Solana funds.

Bitcoin trades at $68,523 on the one-week chart. Source: BTCCUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com

After almost two years, the DAO Maker has shown a little spike, surging around 150% within a month. As the market situation is improving from this bearish trend a few days ago, many cryptocurrencies have succeeded in making a comeback, including DAO Maker.

Bitcoin price has recovered from the fall to the $61K mark, whereas Ethereum bailed on falling below $3200. The crypto market is still trying to make a complete recovery.

Before that, Let’s discuss what’s happening with DAO Maker. Is it making a comeback?

DAO Maker Price Analysis DAO Maker price has surged more than 50% earlier, bringing the top hike of the day to $2.8484. It is currently trading at $2.41 with a market cap of $357,706,249 after a 34% hike. The trading volume of DAO Maker has surged to $70,399,28, with an insane surge of 505% in just a day.

Despite the price jump, the token is still 71% away from its all-time high of $8.75, achieved three years ago. There is a long way for DAO Maker to reach anywhere near the ATH, but if the market situation continues to push the token ahead, there is a chance of that happening. The current DAO Maker price is at the best it has been in the two years. The last time it surged to this high was in May 2022, when the trading volume was around $7.15 Million.

Top Reason Why DAO Maker Price Surged DAO Maker is known to provide technology and solutions to crypto projects to gain funding and support from venture capitalists and the community. DAO Maker price has recently surged and continuing the spike because of the upcoming fair launch of the meme token PUNDU.

Also Read: Altcoins to Buy Today Under $1 with 100% Potentials

DAO Maker is launching PUNDU, with the sales going live on the 23rd of March. The hard cap of the token on Solana is 33,333 SOL, whereas, for DAO Maker, it is set at $3.1 Million. Out of the total supply, 40% of tokens are for distribution among liquidity providers, 40% will be utilized in presale, 5% for airdrops, and the last 5% for centralized exchange holding.

https://twitter.com/Connectiochat/status/1771026851219038539

Conclusion DAO Maker price is continuously surging, and the possibility of a better hike is upon us. With the current 150% spike, many have looked to buy the crypto token, leading to a price surge. If the market’s bullish nature recovers to what it was a week or two ago, there are chances for DAO Maker to go above and beyond the all-time high value.

The market is trying to recover from the recent bearish attack, which caused all the major cryptocurrencies and meme coins to lose their price surge over the months. Let’s see how the market will continue and how all these cryptocurrencies will perform.

Read More Reddit IPO Price Soars, Here’s Why?

Hero.io: A 2024 Guide to the AI-Powered Web3 Platform

Analyst: Micron's earnings boost overall market sentiment for the tech sector

Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”

5 minutes ago

2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing

According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.

5 minutes ago

BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.

BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.

5 minutes ago

Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.

Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.

5 minutes ago

Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.

According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.

5 minutes ago

A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.

According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.

5 minutes ago

Here’s a quick recap of the week’s top stories.

Michael Saylor, speaking at BTC Prague, suggested that Bitcoin’s journey from $70,000 to $7 million could be inevitable, provided it moves from 0.1% of global capital to 10%. Saylor noted that Bitcoin currently represents a mere 10 basis points of all the capital in the world.

Read the full article here.

Bitwise’s BTC OptimismBitwise’s Park encouraged investors to consider the risk of not owning Bitcoin, rather than focusing on its upside speculation. In a recent interview, Park argued that Bitcoin remains a hedge against fiat currency debasement and its relevance could grow further with the rise of artificial intelligence.

Read the full article here.

Shiba Inu’s SEC ApprovalShiba Inu highlighted the SEC’s approval of a new exchange-traded fund that could hold SHIB, signaling growing institutional recognition for the memecoin. The T. Rowe Price Active Crypto ETF, approved last week, is set to list on the NYSE Arca exchange under the ticker TKNZ.

Read the full article here.

Dogecoin’s Potential RiseCryptocurrency analyst Ali Martinez suggested that Dogecoin could continue its upward trend if it maintains key support levels. Martinez highlighted DOGE’s trading in a rising channel on its 1-hour chart, with the lower boundary at $0.087 acting as a crucial support level.

Read the full article here.

Franklin Templeton’s Bitcoin ETFsGlobal asset manager Franklin Templeton has filed with the SEC to launch two ETFs that would automatically reinvest stock dividends into Bitcoin. This move marks another step in the rapidly evolving crypto ETF market, with industry observers expecting the pace of launches to accelerate further.

Read the full article here.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

Tue 23 Jun 2026 ▪ 4 min read ▪ by Fenelon L.

Summarize this article with:

On June 21, Jamie Dimon compared the bull market to “a small tsunami” during an event at the Council on Foreign Relations, an image that says it all about the potential brutality of its reversal. The JPMorgan CEO does not deny the strength of the rally, but he refuses to ignore what is happening underneath. His warning signs deserve to be taken seriously, especially in a context where bitcoin stagnates around 64,000 dollars.

IN BRIEF Jamie Dimon described the bull market as a “small tsunami that’s very hard to stop” on June 21, 2025, at the Council on Foreign Relations. He cited $700 billion in AI investments, a 4.3% unemployment rate, and 2% GDP growth as short-term supports, but fears a reversal in one to two years. Bitcoin is trading around $64,000, caught between market caution and expectations of Federal Reserve rate hikes. Double-Edged Optimism Dimon does not play the role of a pessimist by principle. He willingly acknowledges the drivers supporting the markets in the short term: some 700 billion dollars deployed in artificial intelligence, an unemployment rate close to 4.3%, and a GDP growth holding at 2%. These figures are not negligible. However, for the JPMorgan CEO, they mask a more worrying reality.

“I am surprised, because there is Ukraine, Iran, oil, Russia, and our relations with China“, he said during the event, listing risks that markets, in his opinion, have not yet incorporated. 

Dimon is also part of a long series of warnings: earlier this year, he already advised investors to “take a deep breath and stay vigilant.” 

The tsunami metaphor is not accidental. Viewed from the shore, a wave can seem harmless until it is no longer. The message is clear: once launched, the upward momentum becomes difficult to reverse, and its end can be brutal.

Bitcoin Caught Between Macro Factors and Institutional Skepticism Bitcoin remains under pressure in this context, trading around 64,000 dollars as expectations of Fed rate hikes continue to weigh on risky assets. A correction in traditional markets would likely drag cryptocurrencies down with it.

The relationship between Dimon and bitcoin remains, moreover, paradoxical. The JPMorgan boss called the first crypto a “decentralized Ponzi scheme” and stated he never holds any. Yet, his bank now allows its clients to buy it, yielding to a demand that the institutional market makes impossible to ignore.

Bitcoin proponents see in Dimon’s warnings an indirect argument in favor of the asset. Geopolitical instability and the fragility of traditional markets reinforce, according to them, the thesis of a non-sovereign store of value. Dimon, unsurprisingly, does not share this argument.

The signals Dimon sends all converge in the same direction: the bull market is based on solid short-term foundations but dangerously fragile in the medium term. Unresolved geopolitics, uncertain return on AI investments, consumers on budgetary support—these factors all argue for caution. 

For bitcoin, the pressure remains double: that of interest rates and that of a macro framework that is slow to stabilize. In such an environment, vigilance is not a stance, but a necessity.

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Fenelon L.

Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Amazon Shoppers Don’t Want Jeff Bezos to Build a Bitcoin Exchange

A group of pro-crypto US senators is pushing federal banking regulators to make changes to the capital guidelines for digital assets. They say that current rules are discouraging banks from investing in the crypto space.

US Senators Request Change In Crypto Capital Laws A coalition of US Senators led by Cynthia Lummis, Bill Hagerty, Dan Sullivan, Bernie Moreno, Jon Husted, and Ted Budd wrote a letter to U.S. banking authorities. They requested to establish a new banking framework to regulate banks’ digital asset operations amid the CLARITY Act progress.

The lawmakers referenced recent guidelines on tokenized securities as an example of the law to be followed when regulating other crypto assets. “Capital treatment should reflect the risk characteristics of the underlying asset, not the technology used to record ownership,” the letter said. The senators said that the same should be true for other electronic assets.

The Basel Committee’s 2022 crypto capital framework, which gave a risk weight of 1250% to Bitcoin and some other digital assets, was a main point. The senators say that the classification “was not derived from a calibrated assessment of the actual risk profile of digital assets.”

The US Senators also pointed out the application of the law. The letter adds, “A 1,250% risk weight, multiplied by the 8% minimum capital ratio, produces a capital requirement equal to 100% of the exposure.” It effectively means that banks will be required to hold at least the same amount of capital as their holdings of digital assets.

The senators recognized the threats cryptocurrencies pose, but stated that “these risks are measurable.” Hence, the US Senators believe these could be mitigated through existing banking risk-management tools.

They also challenged the current way of treating crypto, per a post by journalist Eleanor Terrett on X. Lawmakers said that these rules have a narrow view of assets that are traded in transparent and liquid markets all over the world.

The CLARITY Act Factor In Play The push comes as the CLARITY Act gains momentum in Washington. The bill was recently placed on the Senate calendar.

Further, Senator Lummis indicated she hopes to have a vote on the Senate floor before the August recess.

Meanwhile, the US Senators also called on regulators to implement a framework. They want it to be “based on, to the extent possible, a technology-neutral approach that gives banks the authority to participate meaningfully in digital asset markets.”

For further context, the new letter follows a rise in debate regarding the CLARITY Act. JPMorgan CEO Jamie Dimon has been vocal about his opposition to the bill.

On the other hand, a new crypto PAC has joined in support of the crypto developers in Congress.

Analyst: Micron's earnings boost overall market sentiment for the tech sector

Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”

4 minutes ago

2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing

According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.

4 minutes ago

BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.

BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.

4 minutes ago

Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.

Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.

4 minutes ago

Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.

According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.

4 minutes ago

A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.

According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.

4 minutes ago

A massive, "everything bubble" will burst in 2025, resulting in a crash and possibly a depression.

“I can tell you one thing: bubbles never, ever end well. There’s no way to go from [an] extreme bubble and have a soft landing. Now, that’s what seems to be happening right now, and we’ll see. But I tell people, give [it until] 2025,” Dent told Fox News Digital. 

The Details: Dent said the current market rally, which has sent Bitcoin and the SPDR S&P 500 (NYSE:SPY) to new all-time highs following the election of Donald Trump, will not last long.

Wall Street and retail investors are  “going along” with the post-election rally, but Dent said being in the current market is like being on the Titanic. 

“When everybody gets on the boat, that's when the Titanic sinks,” he said. “So I think everybody’s in the boat about now.”

Read Next: Sustainable Investment Under Trump: ‘Performance Matters Far More Than Politics,’ JPMorgan Analyst Says

The economist expects Trump’s fiscal policies will not be enough to prevent a cyclical crash because the underlying economic issues are tied more to private debt than federal debt.

Dent estimates that total private sector debt in the U.S. is around $630 trillion and growing at a rate five times faster than global gross domestic product. The “trillion-dollar question” is when the downturn begins, and Dent predicts a crash in mid-2025. 

“So I think the next few years is likely to be ugly. The question mark is, when does the darn thing start?” Dent said. “I think the central banks know this better than anybody. They just can’t say it because they don’t want to scare anybody.”

“Bitcoin, I see going up to $800,000 to $1 million by 2037 to ’40. So I’ve got a long way to go," Dent said. 

Read Next: 

Bitcoin Miners Hive Digital, Hut 8, Bitfarms To Report Earnings As Future Of Crypto ‘Has Never Been Brighter’ Image: Eivind Pedersen from Pixabay

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Bitcoin’s Price at a Crossroads—Will It Break $86K or Drop to $64K Support?

Bitcoin price and equities are dropping amid Trump’s tariffs. With reciprocal tariffs, stock and futures are falling rapidly, wiping out over $3.1 trillion in 48 hours. Meanwhile, the BTC Bull presale has raised over $4.4M while offering 95% APY staking rewards.

The Bitcoin and crypto markets remain under intense selling pressure at press time. After two days of tumultuous selling, the world’s most valuable coin is trading below $85,000. A bounce to $88,500 was quickly countered by sellers who took advantage of higher prices to sell, reaping significant profits from their activity.

Bitcoin Price and Altcoins Slump as Crypto Liquidation Spikes According to Coingecko, the total crypto market is down 2.5% to $2.75 trillion. Bitcoin, Ethereum, Cardano, Solana, XRP, and some of the best cryptos to buy are still struggling for momentum.

Notably, Ethereum is trending below $2,000, down nearly 6% in the past week of trading but still outperforming XRP, down 9% in the same period.

The biggest loser in the top 10 is Solana, down 13%, closely followed by Dogecoin. Interestingly, Tron is the top performer, turning green over the past seven trading days and wriggling back into the top 10.

Data from Coinglass reveals that over $110 million of Bitcoin and Ethereum long positions were closed on multiple perpetual exchanges, mainly Binance and Bybit.

Over $240 million of leveraged longs were liquidated, and over 108,000 traders were liquidated. The single largest liquidation order was recorded on Bybit, where a $3.25 million BTCUSDT position was closed.

Markets Digesting Impact of Trump’s Tariffs Stability at the moment could be the calm before the storm. On a positive note, it also signals strength and hope that crypto assets could become fluid alternatives that are useful as a store of value.

On April 2, Donald Trump announced reciprocal tariffs on several countries, including allies in Europe, Africa, and Asia. The shockwaves from America’s “Liberation Day” reverberated through financial markets, specifically wreaking havoc on equities and wiping trillions from some of the leading technology firms.

Apple, Nvidia, Alphabet, and other top technology companies have been down double digits over the last week, posting massive market cap losses. Within two days, it is estimated that equities in the United States lost over $3.1 trillion, and the figure could rise if Donald Trump remains adamant.

US stocks lose roughly $3.1 trillion in market value, their largest one-day decline since March 2020, a day after Trump announced new tariff plan that is billed to trigger global retaliation.

TRT World's Frank Ucciardo has more from Wall Street, New York pic.twitter.com/XwDkPydB20

— TRT World Now (@TRTWorldNow) April 4, 2025

BTC Bull Presale: A New Opportunity? Amid this market uncertainty, savvy investors are diversifying and actively exploring fresh opportunities.

They note that the BTC Bull presale is one of the hottest presales to consider in 2025.

In its viral presale, the project has raised over $4.4 million.

The interest lies in its unique approach.

BTC Bull aims to blend the appeal of meme coins with the potential of Bitcoin.

At key Bitcoin price milestones, they will distribute free BTC to BTCBULL holders. There will also be a token-burning plan to ensure BTCBULL is deflationary.

Free BTC will be airdropped once Bitcoin reaches $150,000. More free coins will follow at $200,000 and $250,000.

Meanwhile, BTCBULL token burning starts when Bitcoin hits $125,000, and after every $25,000 increment, the project will remove more tokens from circulation.

Currently, BTCBULL is trading at $0.002445; you can buy it using USDT, Ethereum, or even bank cards. Although you can purchase directly from the homepage, analysts recommend using the Best Wallet app.

Afterward, you can stake and receive a 95% APY, a superior yield that allows early investors to earn passive income.

VISIT BTCBULL HERE

DISCOVER: Top Solana Meme Coins 2025: 7 Best Buys Updated

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Dalmas Ngetich

Crypto Journalist

Dalmas is an experienced journalist with over a decade in crypto, technology, and blockchain. His work and that of his partners have been featured in top news outlets, including Forbes, investing.com, and Entrepreneur, among others. He is passionate about crypto... Read More

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