Bitcoin faces resistance at $94,930 with momentum indicators signaling potential weakness. ETF inflows surge as SEC regulation eases and Arizona advances Bitcoin reserve legislation. Bitcoin mirrors gold and silver rallies, reinforcing its growing status as a safe-haven asset. Bitcoin continues to trade below the $95,000 mark as it faces technical resistance, while broader developments in regulation, investment flows, and macroeconomic sentiment shape its outlook. Recent movements in Bitcoin align closely with traditional safe-haven assets, reflecting changing risk appetite among investors.
As of late April 2025, Bitcoin was trading around $94,113 against the U.S. dollar, approaching a major barrier near the 0.618 Fibonacci retracement level at $94,930. Technical charts reveal the completion of an inverse head and shoulders pattern, a formation often associated with trend reversals and bullish breakouts.
– BTC and ETH ETF flows reached their highest levels in over 2 months
– The new pro-crypto SEC Chair is adamantly working to clarify crypto regulations
– Multiple ETFs are now being filed (SOL, SUI, NEAR, XRP, etc.)
– Banks are no longer required to report crypto activity
-… pic.twitter.com/9uquN22nF2
— CryptoData (@TheCryptoData) April 27, 2025 Moving averages further support the rally, with Bitcoin crossing above the 50-day extended moving average (EMA) and the 60-day simple moving average (MA). However, momentum indicators show signs of fatigue. The daily Relative Strength Index (RSI) stands at 67.39, nearing the overbought threshold, while the Stochastic RSI shows extreme levels of approximately 97.00 and 98.98.
If Bitcoin fails to achieve a major close above $96,000 in the coming days, possible retracement levels include the 0.5 Fibonacci zone near $91,363 and further downside toward $90,829. Traders are closely monitoring RSI and Stochastic RSI for confirmation of a possible bearish crossover that could signal near-term corrections.
ETF Activity, Bank Reporting Changes, and State-Level Initiatives Institutional interest continues to build momentum. Bitcoin and Ethereum ETFs recorded their highest inflows in over two months, reflecting renewed appetite among investors. Several new filings have emerged, expanding the market beyond Bitcoin and Ethereum to include assets such as Solana (SOL), Sui (SUI), Near (NEAR), and XRP.
Source: X In regulatory developments, a new pro-crypto Chair at the U.S. Securities and Exchange Commission (SEC) is actively working to clarify the agency’s approach to digital assets. At the same time, banks are no longer required to report cryptocurrency activities, easing a previous regulatory burden and signaling a more open stance towards crypto banking relationships.
Arizona is scheduled to hold a third hearing on April 28, 2025, at the state level, regarding a proposal to establish a Bitcoin State Backed Reserve (SBR). If approved, Arizona would become the first U.S. state to integrate Bitcoin into its treasury operations formally.
Bitcoin’s Correlation with Safe-Haven Assets Strengthens Comparing the movement of the Bitcoin futures with gold (XAUUSD) and silver (XAGUSD) shows that Bitcoin behaves more and more like other traditional store-of-value assets. When the markets started to open up in early 2025, it was seen that Bitcoin, especially gold and silver, had rather sharp declines; however, they showed signs of a great recovery from late March. As of the end of April, the current value of gold is about $2,380 per ounce, while silver is around $30.5.
The Billionaire Boodle news agency recently recognized Bitcoin as a ‘safe haven,’ thereby paving the way for its trend among traditional hedge assets. This suggests that macroeconomic risks are on the rise, and investors are diversifying their hedges.
Source: X Bitcoin’s monthly returns from 2019 to 2025 underline its volatile nature. Even as the global stock market headed to a minor positive growth of +13.67% in April 2025 after a bearish February at -17.39% and a marginal negative March at -2.30%, the stock markets do not leave room for saying otherwise. The trend of the prior year falls in May and June, and May 2021 especially recorded -35.3 while June 2022 recorded -37.28.
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Bitcoin (BTC) is looking more like a safe-haven asset amid the financial wreckage caused by President Donald Trump’s tariff rollouts, according to the digital asset investment management firm NYDIG.
Greg Cipolaro, the global head of research at NYDIG, notes in a new analysis that Bitcoin demonstrated some decoupling with equities, US Treasuries and the dollar last week.
[adinserter block="1"]
“Geopolitical tensions, including tariffs, remain topical (despite Trump walking back many of them), but political pressure from Trump on Fed Chair Powell, and even speculation about his potential dismissal that added to market unease. In many ways, this is exactly the kind of environment where Bitcoin should shine.
The decoupling from traditional risk assets is still very early and fragile, but for those watching crypto markets 24/7 (guilty), the shift is palpable. That said, we haven’t yet seen confirmation in the data. Our preferred correlation measure — a 90-day rolling window — currently shows rising correlations between bitcoin and US equities.”
Cipolaro argues that wavering faith in US policy choices has diminished the status of the US dollar and US Treasuries as safe-haven assets.
“What is interesting to us is that since ‘Liberation Day’ on April 2nd, a new picture of haven assets is starting to emerge, one which includes bitcoin. Bitcoin has acted less like a liquid levered version of levered US equity beta and more like the non-sovereign issued store of value that it is.”
Bitcoin is trading at $95,205 at time of writing. The top-ranked crypto asset by market cap is up more than 2% in the past 24 hours.
President Donald Trump refuted claims that he is financially benefiting from his Official Trump (CRYPTO: TRUMP) meme coin during an interview that aired Sunday.
“I haven't even looked," Trump said, implying he was unaware of the coin’s gains and the market valuation it has spawned since launch. "If I own stock in something, and I do a good job, and the stock market goes up, I guess I'm profiting."
See Also: If You Bought $1 Worth Of Bitcoin At Launch, Here’s How Much You’d Have Today
Trump stated that he started endorsing cryptocurrency before his presidency. “I want crypto. I think crypto's important because if we don't do it, China's going to. And it's new, it's very popular, it's very hot.”
When Trump was asked if he would donate cryptocurrency earnings back to the government, he replied, “Should I contribute all of my real estate that I've owned for many years if it goes up a little bit because I'm president and doing a good job? I don't think so.”
Why It Matters: Trump’s denial adds another layer to the ongoing debate surrounding the ethical implications of his involvement in the cryptocurrency market.
The meme coin, 80% of whose supply is controlled by an affiliate of the Trump Organization, emphasizes that TRUMP is not a political initiative or investment opportunity but an expression of support for Trump's ideals.
The token bumped to an all-time high of $75.35 shortly after its launch but has since cratered more than 85%.
Price Action: At the time of writing, TRUMP was exchanging hands at $11.12, up $0.12 in the last 24 hours, according to data from Benzinga Pro.
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Bitcoin, Ethereum, XRP, Dogecoin Slide Into Red As Q1 GDP Slides Into Contraction Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
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Malé, the Maldives capital, may soon be transformed. The government of the island nation has agreed on a multi-billion-dollar agreement with a family office – a private wealth management firm – in Dubai to construct a massive blockchain and cryptocurrency hub. The aim? To attract fresh investment and reduce the nation’s heavy dependence on tourism and fishing.
$9 Billion Project Bigger Than Nation’s Economy The deal was struck on May 4 with MBS Global Investments, according to a report by Bloomberg. The project will cost $9 billion—higher than the Maldives’ total annual GDP, which stands at approximately $7 billion. If the scheme goes ahead as planned, it will take approximately five years to complete.
The planned location, the Maldives International Financial Centre, would occupy approximately 830,000 square meters of space. Upon completion, the center might employ a maximum of 16,000 individuals, the Financial Times disclosed. That’s a drastic change for a nation with an all-time population of less than half a million.
💥BREAKING:
MALDIVES TO BUILD $9 BILLION BLOCKCHAIN HUB TO ATTRACT GLOBAL INVESTORS! pic.twitter.com/p2KPRvFmeT
— Crypto Rover (@rovercrc) May 4, 2025
Other Nations Already In The Lead While the Maldives is making a big move, other places are already far ahead in the crypto race. Dubai is one of them. The city has been building itself up as a tech and crypto-friendly zone for years. In April, Dubai’s Land Department teamed up with the Virtual Assets Regulatory Authority to put its land records on blockchain. That step helps with things like turning real estate into digital assets.
BTCUSD trading at $94,662 on the 24-hour chart: TradingView.com Singapore and Hong Kong are also in the spotlight. Both locations host hundreds of Web3 and fintech companies within their jurisdictions. They’ve established ecosystems where businesses can develop without worrying about being closed by an abrupt change in rules.
A scenic view of Maldives. Image: Nova Hotel/Glamour. Hong Kong Leverages Its Role To Draw Crypto Talent Hong Kong is particularly keen on attracting international crypto companies. Ivan Ivanov, the worldwide CEO of WOW Summit, explains the city serves as a bridge between China and the West. That position gives it an advantage. It also allows regulators to pilot new concepts before determining whether to implement them more broadly.
Singapore, on the other hand, has quietly become a home base for numerous crypto projects. It boasts dozens of exchanges and a constant flow of investment, and now it’s one of the most significant crypto hubs in Asia.
Maldives Betting On A Big Change For the Maldives, this new plan is a significant departure. Constructing a financial center of this scale from the ground up won’t be simple. Strong planning, clear regulations, and judicious investment will be required. But the nation appears willing to roll the dice.
The push for crypto influence is growing fast around the world, and the Maldives is making it clear that it wants to be part of that conversation.
Featured image from Evaneos.com, chart from TradingView
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The American State of Missouri is set to implement a crypto tax rule that will positively impact Bitcoin (BTC), Ethereum (ETH), XRP, and other top-risk assets. This unique move will also impact stocks as the State seeks to become one of the most friendly places for crypto firms to do business. Notably, it comes when many states consider holding Bitcoin as a strategic reserve asset.
Crypto Tax: Missouri Sets New Pace for Bitcoin As reported by Fortune, it is worth noting that the State’s lawmakers have passed the Bill to enshrine this exemption. It has now been sent to Governor Mike Kehoe for final approval. This Bitcoin tax Bill secured only Republican support despite 10 Democrats voting “Present” at plenary this past Wednesday.
If signed into law, an estimated $430 million will be cut from State revenue as the law takes effect this year. The primary concern for Democrats is the shortfall in State funding, which will affect the budget. On the positive side, investors will benefit from the crypto tax allowance as they can hold their assets for much longer.
Many States in America are exploring ways to gain the upper hand in adopting digital currencies. Earlier this week, New Hampshire adopted BTC as a reserve asset after Governor Ayotte signed Bill HB 302 into law.
Under this provision, 5% of the State’s treasury funds can be invested in Bitcoin. Notably, any asset with a market capitalization above $500 billion may also benefit.
Crypto Gaining Traction In the US The digital currency ecosystem is gaining significant traction, fueling the favorable consideration of Bitcoin and crypto tax laws. While states are championing new Bills to drive Bitcoin and crypto adoption, the focus is on regulation in DC.
Despite announcing a strategic crypto reserve, much has not been said in this regard. What is visible to the industry is the pivot by national regulatory agencies toward the nascent asset class. Although the Internal Revenue Service (IRS) has not given new guidance on Bitcoin and crypto tax, the OCC and Federal Reserve have withdrawn guidance restricting banks from engaging in digital currency activities.
This makes the Missouri Bitcoin tax move a strategic one. While the exemption might benefit investors in the short term, it may also attract new crypto companies to the state. This will ultimately position the State to benefit in other key areas in the long term.
With this pioneering move, other States may follow Missouri in the quest to become a Bitcoin tax haven.
A major gold exchange-traded fund recorded its steepest capital exodus in nearly three years this May, casting doubts over investor appetite for traditional safe-haven assets—but some analysts suggest the bull cycle is far from over.
$2.1 Billion Outflows Rock SPDR Gold ETFThe SPDR Gold Trust ETF (NYSE:GLD) saw outflows totaling $2.1 billion in May, marking its worst monthly withdrawal since July 2022.
The sell-off follows three straight months of heavy inflows, during which the fund attracted approximately $7.5 billion, reflecting a major reversal in sentiment.
The outflows come as gold prices moved sideways in May, set to close the month broadly unchanged after a robust four-month rally that pushed prices to a record high of $3,500 an ounce in mid-April.
US-China Truce Dampens Demand For GoldA key reason behind the fading appetite for gold appears to be the May 12 trade agreement between the U.S. and China, which saw both nations slash tariffs by 115 percentage points and resume negotiations.
That same day, gold plunged 2.7%, its sharpest daily decline since November 2024. With geopolitical fears cooling, some traders may be reallocating capital away from defensive assets like gold.
The S&P 500, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), is up 6.7% in May, eyeing its strongest month since November 2023, reflecting investor shift towards riskier assets.
Meanwhile, Bitcoin (CRYPTO: BTC) reached record highs at $112,000, and is up 16% for the month.
Long-Term Bull Run Still Intact?Despite May's weakness, gold remains one of 2025's standout assets. In the first five months of the year, gold has rallied 26%, outperforming all major asset classes.
For comparison, the S&P 500 is up just 0.6%, the U.S. dollar is down 8%, long-dated Treasuries – tracked by the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) – have fallen 3%, and Bitcoin has gained 16%.
Gold's current bullish wave dates back to October 2022, from which prices have doubled. In the past 14 months, gold closed 11 months in positive territory—a clear indication of sustained bullish momentum.
Expert Views: Has Gold Peaked Or Is More to Come?"It's difficult to work out what gold may do next," said David Morrison, senior market analyst at Trade Nation. He noted that gold's MACD (moving average convergence divergence) momentum indicator has retreated from overbought levels, signaling potential upside.
"While this means that gold has the potential to rally from here…it could be that gold has already topped."
Still, structural demand trends are giving bulls hope.
Goldman Sachs Research expects prices to reach $3,700 per ounce by year-end, driven by safe-haven buying and central bank diversification.
"Long gold positions sharply improve risk-adjusted portfolio returns during periods where U.S. institutional credibility is challenged," Daan Struyven, commodity analyst at Goldman Sachs, said.
He highlighted rising public debt and geopolitical fragmentation as key long-term catalysts for higher gold prices. According to Struyven, if private investors shift even a small portion of assets from equities or Treasuries to gold, the price could exceed $4,000 by mid-2026.
Another persistent tailwind is central bank gold demand, which surged after Western sanctions froze Russia's reserves in 2022. Emerging markets, underweight in gold relative to developed peers, are expected to keep buying aggressively.
Struyven said this trend could account for a 21% base-case gold return by mid-2026.
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Gold and its cryptocurrency derivatives surged Thursday night as investors sought refuge in the safe haven following Israel's strikes on Iran.
What happened: Spot gold was up 1.20% to $3,427.51 per ounce as of this writing, its highest level in more than a month. Gold futures on the Commodity Exchange were up 1.63% to $3,457.70.
The latest spike extended the yellow metal's year-to-date gains past 30%.
The gains flowed down to physical gold-backed cryptocurrencies, causing similar increases in Tether Gold and PAX Gold.
The two coins also extended their year-to-date gains past 30%, becoming one of the most valuable cryptocurrency investments in 2025.
These returns contrasted with the drop in heavyweights like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which were down 3.38% and 8.91%, respectively, as of this writing.
Renowned gold bug Peter Schiff contrasted gold's rise with Bitcoin's decline, calling into question the apex cryptocurrency’s widely touted safe-haven narrative.
"How can anyone consider Bitcoin to be a digital version of gold?," he asked.
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Bitcoin has declined following Israel’s airstrikes on Iran, while gold has seen an increase, reigniting debate over Bitcoin’s safe haven status.
Specifically, Bitcoin experienced renewed volatility on Friday following a significant geopolitical escalation, as Israel launched airstrikes on Iran. The conflict, which led to sharp moves across global markets, triggered a pullback in major cryptocurrencies, including Bitcoin.
Bitcoin briefly dropped below $103,000 before recovering slightly to trade at $103,964, marking a 3.66% decline in 24 hours. The largest crypto had maintained levels above $107,000 since June 9 but failed to sustain gains amid growing geopolitical tensions.
Alongside Bitcoin, Ethereum also registered sharp losses, dropping as much as 7.6% at one point during the session.
Bitcoin Critics React After Gold Outperformed Meanwhile, traditional safe haven assets like gold and oil saw gains. Gold climbed to $3,421, an increase of $38.60 or 1.14%, while oil prices jumped by 5%, signaling investors’ shift toward perceived safer assets.
This divergence fueled renewed criticism of Bitcoin’s ability to serve as a hedge during macroeconomic uncertainty. Former Chief Market Strategist Gil Morales argued that the price reaction exposed Bitcoin’s nature as a speculative asset rather than an alternative store of value. He likened its behavior to that of a tech stock, stating that in a risk-off environment, Bitcoin declines like any other risk asset.
How Could Anyone Consider Bitcoin? The contrasting movements of Bitcoin and gold reignited already running debates around the narrative of Bitcoin as “digital gold.” Peter Schiff, Chief Economist and a long-time Bitcoin critic, pointed to market reactions as evidence that investors still turn to physical gold in times of crisis.
Israel attacks Iran. Oil prices jump 5% while S&P futures fall 1.5%. In response, investors seeking a safe haven buy gold, sending its price up 0.85%. Meanwhile, investors dump Bitcoin, pushing its price down 2%. How can anyone consider Bitcoin to be a digital version of gold?
— Peter Schiff (@PeterSchiff) June 13, 2025
Schiff noted that while the S&P 500 futures dropped by 1.5%, and oil surged, gold’s price rose as expected. In contrast, Bitcoin saw a sell-off. As a result, Schiff questioned:
“How could anyone consider Bitcoin as a digital version of gold?”
Some market participants countered this argument by highlighting logistical challenges in trading physical gold. They claimed that selling gold through platforms like JM Bullion can result in significant transaction costs, up to 10% when factoring in shipping and insurance.
Others criticized gold’s limited utility in the digital era, arguing that Bitcoin, despite recent declines, remains more adaptable and efficient. Schiff, however, disputed the cost claim, stating that selling gold should not incur such high expenses.
Further Bitcoin Backlash Despite Historical Bitcoin Outperformance As the market digested the broader implications of the Israel-Iran conflict, additional criticism surfaced regarding Bitcoin’s market behavior during crises.
Jacob King, CEO of WhaleWire, argued that Bitcoin historically performs poorly during geopolitical or economic shocks.
War erupts in the Middle East between Iran and Israel — and Bitcoin crashes like dead weight.
The truth is, Bitcoin isn’t a safe haven. It thrives only in calm markets, propped up by Tether-fueled speculation and artificial demand.
Whenever real crises hit — whether it’s… pic.twitter.com/rx2XNgp8Hh
— Jacob King (@JacobKinge) June 13, 2025
He attributed this to speculative demand and emphasized that Bitcoin thrives only in stable markets.
Bitcoin Maxis Still Exist Despite the criticisms, comparisons between Bitcoin and gold have remained a central theme. A user cited historical price growth as a reason to consider Bitcoin superior, noting Bitcoin’s rise from $0.30 in 2011 to over $112,000 in 2025. In contrast, gold rose from $1,150 to a range between $2,838 and $3,375 over the same period.
Moments before this turmoil, Mike Novogratz, CEO of Galaxy Digital, predicted that Bitcoin could eventually reach $1 million, driven by rising institutional demand. Speaking on CNBC, he said Bitcoin is gaining status as a macro asset, now viewed alongside gold, silver, and major indexes like the S&P 500.
He pointed to reduced global confidence in the U.S. dollar and BlackRock’s involvement as key factors accelerating this shift.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
The relative volatility of the world's leading cryptocurrency by market cap has been in a massive downtrend over the past several months.
In fact, Bitcoin is becoming less volatile relative to the S&P 500, the major stock market index.
Historically, Bitcoin was viewed as an extremely risky asset due to its high volatility compared to traditional markets.
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Now, however, its volatility ratio has dwindled, and Bitcoin is behaving more like a traditional asset.
Andre Dragosch, head of research at Bitwise, has noted that Bitcoin is now transitioning from a risky asset to a safe-haven asset.
NOTE: Bitcoin's relative volatility has been in a structural downtrend and it's now on par with the S&P 500 over the past 3 months. #Bitcoin is gradually transitioning from a risky asset to a safe-haven asset. pic.twitter.com/mVlwNcLs1H
— André Dragosch, PhD⚡ (@Andre_Dragosch) July 3, 2025 Over the past several weeks, Bitcoin has been mostly range-bound. Earlier today, the cryptocurrency spiked to an intraday high of $110,386, according to CoinGecko data.
As reported by U.Today, banking giant JPMorgan recently stated that Bitcoin had failed as a safe-haven asset during the global trade turbulence. The banking behemoth noted that gold exchange-traded funds were attracting inflows during the crisis while Bitcoin ETFs suffered.
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Some skeptics of the likes of Canadian billionaire Frank Giustra, argue that Bitcoin has never actually traded like gold.
Bloomberg analyst Mike McGlone, who recently turned bearish on Bitcoin, argued last month that the $100,000 level could be the ceiling for Bitcoin due to prevailing risk-on sentiment.
Fidelity's Jurrien Timmer previously noted that the leading cryptocurrency is capable of acting both as a safe haven and a risk-on asset, comparing it to Dr. Jekyll and Mr. Hyde.
According to Arkham Intelligence, the US government still holds more than 198,000 Bitcoin. That’s around $23.4 billion sitting in digital wallets across several agencies.
A recent public spreadsheet showed just 28,988.356 BTC under the Marshals Service. But looking at FBI, IRS, DEA and Justice Department seizures makes the total jump far higher.
Government Stash Spread Across Agencies Based on reports from the Marshals Service, 28,988.356 BTC—worth roughly $3.45 billion—has been under its control since July 15, 2025.
Other agencies don’t share that data publicly. They manage coins from crime probes and prize auctions. Arkham gathered on‑chain data and linked addresses tied to each agency. When added, the total hits at least 198,012 BTC.
DID THE US GOVERNMENT JUST SELL 170,000 BTC ($20 BILLION)?
No. This Freedom of Information Request response from the US Marshals Service (USMS) cites them as holding 28,988 BTC ($3.4B), but other departments of the US Government also seize and hold Bitcoin, including the FBI,… https://t.co/8kpjwyKcT9 pic.twitter.com/uB7EejUCVz
— Arkham (@arkham) July 23, 2025
In everyday terms, that means the US is a massive bitcoin “whale” that still owns about 198,000 BTC. It’s not just sitting at the Marshals Service.
The rest is spread out in hidden pockets. Those coins haven’t moved in the last four months. Traders who saw only the Marshals number panicked.
Senator Cynthia Lummis even warned it would be a “total strategic blunder” if the reserves really fell below 30,000 BTC.
Arkham: The US Government currently holds at least 198,000 BTC ($23.5B) across multiple addresses held by different government arms. None of this has moved for 4 months. pic.twitter.com/nhWWeWqhmh
— Wu Blockchain (@WuBlockchain) July 24, 2025
Big Cases Make Up Most Holdings A huge chunk—114,599 BTC—came from the 2016 Bitfinex hack case against Ilya Lichtenstein and Heather Morgan. That haul alone counts for more than $13.65 billion.
Silk Road‑related seizures add about 94,643 BTC. That breaks down into 51,680 BTC from James Zhong’s theft and 69,370 BTC linked to another hacker, sometimes called “Individual X.”
BTCUSD now trading at $118,106. Chart: TradingView Other cases help pad the total. Arkham spotted $81.25 million in BTC taken from Alameda Research’s Binance accounts after FTX collapsed.
Another $79.50 million came from HashFlare scammers Sergei Potapenko and Ivan Turogin. Even small hits like 58.7 BTC from Ryan Farace’s case show up in the chain records.
Sales Haven’t Touched Core Supply The US sold 9,861 BTC worth about $215 million in March 2023 from the Zhong case. In August 2024, another 10,000 BTC went for $594 million.
Then in December 2024, 10,000 BTC sold for roughly $968 million. Despite that activity, the main piles from Bitfinex and Silk Road haven’t moved. Those coins still sit where seizing agencies left them.
Without a single public ledger, each new FOIA release sparks fresh rumors. Some traders jumped at the Marshals figure and drove prices up or down on the news.
But knowing the real 198,000 BTC figure could calm that. A master dashboard, updated in near real time, would help cut the drama when auctions roll around.
Featured image from Getty Images, chart from TradingView
Updated Aug 8, 2025, 6:24 p.m. Published Aug 8, 2025, 1:26 p.m.
2 min read
Gold futures surged to record highs on Friday amid tariffs on the precious metal. (Jingming Pan/Unsplash)Summary
U.S. gold futures reached $3,534 per ounce on Friday after the government confirmed tariffs on imported bars.Higher import costs are accelerating futures price gains and attracting speculative trading.The move could have knock-on effects for bitcoin and tokenized gold markets.Gold futures surged to a record high on Friday after U.S. President Donald Trump imposed tariffs on imported gold bars, a rare move sparking both safe-haven buying and fresh concerns over supply disruptions in a market unaccustomed to such trade measures.
The most actively traded U.S. gold futures contract climbed as high as $3,534 per troy ounce after U.S. Customs and Border Protection confirmed that one-kilogram and 100-ounce bars would face reciprocal tariffs.
Tariffs make imported gold more expensive for U.S. buyers. That cost pressure typically pushes futures prices higher than spot prices, creating arbitrage opportunities for traders. The setup can fuel speculative buying, but it also sends a geopolitical signal — gold has historically been viewed as outside trade-war crossfire, more akin to a currency than a competitive product.
The move is notable because most U.S. gold imports come from Switzerland, which received one of the highest tariff rates under the policy. A sudden increase in costs for that supply could raise the risk of a short squeeze if deliveries slow.
“Trump's tariffs on 100-ounce and 1-kilo gold bars could wreak havoc on the COMEX," bitcoin critic and gold advocate Peter Schiff said in a post on X. "Prices could soar as shorts rush to cover to avoid having to pay 39% tariffs to import bars from Switzerland if longs take delivery. Even if they don't import, all such bars will trade at premiums."
The rally comes at a time when interest rates headed lower in the West and global trade tensions are already high, factors that tend to strengthen gold’s appeal as a store of value during economic uncertainty.
Historically, strong gold rallies have often coincided with gains in bitcoin, which some traders view as an alternative “safe-haven” asset. Tokenized gold products such as PAXG$3,965.15 and Tether Gold (XAUT) were both modestly higher over the past 24 hours, while bitcoin slipped about 1%.
Tariffs on gold could also make the case for bitcoin, which is not subject to customs duties and is sometimes described as “digital gold.” While the metal remains the dominant safe-haven asset, the latest price surge shows how policy changes can push investors to reassess their options.
Both spot gold prices and gold futures fell during U.S. afternoon trading on Thursday after a White House official told Bloomberg that the President would introduce a policy clarifying that imports of gold bars should not be subject to tariffs, calling earlier news "misinformation" regarding the tariffs.
Update (Aug 8, 18:23 UTC): Adds paragraph at the end about a White House official telling Bloomberg that the President will post an executive order to exempt gold bars from tariffs.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Investors woke up yesterday to some serious on-chain fireworks.
Whales snapped up a staggering $161K Bitcoin Hyper ($HYPER) and $105K TOKEN6900 ($T6900) in one day.
That’s a 265K thunderclap landing in presales just as Ethereum popped above $4.5K for the first time since 2021.
It’s the sort of moment that makes wallets sweat, and watch out for runaway trains.
If you’ve been itching for some meme-coin mania or to ride the next wave of the best altcoins to 10x after Ethereum’a $4.5k rally, this might be your ticket.
Let’s zoom out, sniff the market, and spotlight three presales that just might light up your portfolio.
The Market Context Ethereum’s push beyond $4,5K has shifted the market’s tone.
Source: CoinMarketCap Traders are scanning for new crypto projects that could deliver 10x returns. The excitement is feeding into crypto presales, where lower entry prices are tempting buyers before tokens reach exchanges.
Whale purchases of $161K Bitcoin Hyper ($HYPER) and $105K TOKEN6900 ($T6900) in one day are adding fuel to the optimism, suggesting that large investors see strong upside potential.
This mix of price action, fresh capital, and growing retail interest is stirring a sense of FOMO across the market.
As more money flows into early-stage projects, the next wave of high performers could be forming right now – setting the stage for a busy and potentially lucrative season for altcoin hunters.
1. Bitcoin Hyper ($HYPER) – Bitcoin Layer-2 with Meme Energy Bitcoin Hyper ($HYPER) is the presale token behind the fastest Bitcoin Layer 2, running on the hyperefficient Solana Virtual Machine (SVM).
This setup delivers sub-second transactions, near-zero gas fees, and full compatibility with the Solana ecosystem. With this upgrade, Bitcoin gains the scalability needed for high-speed payments, meme coins, dApps, and DeFi.
The platform serves as an execution layer where assets can move across Bitcoin, Ethereum, Solana, and other chains without delays.
Developers, traders, and community builders can launch projects and transact with Bitcoin at speeds that now make everyday $BTC use practical.
$HYPER powers every part of the network – from transactions and staking to governance and launch access.
Early participants can earn staking rewards of up to 119% APY and gain priority for airdrops and token launches.
You can buy $HYPER for $0.01267 in the presale, which has already raised over $9M, showing strong early interest.
Yesterday’s whale purchase of $161K worth of tokens adds weight to the growing momentum, especially alongside Ethereum’s climb past $4,5K.
Market attention is shifting to projects that combine real utility with cultural relevance, and Bitcoin Hyper is right at that intersection.
2. TOKEN6900 ($T6900) – Meme Coin That’s Taking no Prisoners TOKEN6900 ($T6900) has quickly become one of the loudest meme coins on the market, raising nearly $1.9M in its presale, with each token priced around $0.00695.
A significant 80% of the total supply is available before launch, capped at $5M, creating a fair entry point for the community.
Branded as the ‘standard for brain-rot finance,’ TOKEN6900 rejects the pretenses of traditional finance.
There’s no roadmap, no promises, and no fake utility – just pure meme-fueled liquidity.
Inspired by early 2000s internet culture, the project is themed as a parody of the S&P 500 and SPX6900, but with one extra token in supply.
Its appeal lies in its honesty. It doesn’t track markets, GDP, or oil reserves – it thrives on collective delusion as a feature, not a flaw. Investors aren’t here for fundamentals; they’re here for the cultural moment.
Yesterday’s whale buy of $105K shows that even large holders are willing to back a project built on community momentum. $T6900 is feeding the current wave of speculative energy head-on.
3. Arctic Pablo ($APC) – A Mythical Meme Coin with Real Mechanics Arctic Pablo ($APC) combines meme coin culture with an ongoing adventure narrative.
The project’s presale price is currently $0.0008, with over $3.37M raised so far. It has reached its 36th presale stage, known as Horizon Haven, and is aiming for a listing price of $0.008.
Each stage represents a new chapter in Pablo’s journey, and the tokenomics include a weekly burn of unsold tokens to increase scarcity. The total supply is capped at 221.2B tokens.
Early backers can access staking rewards of 66% APY during the first two months after launch, adding a yield component to the presale.
This approach blends community engagement with a structured rollout.
Recent whale activity in Bitcoin Hyper and TOKEN6900 shows there’s an appetite for early-stage projects with strong narratives and active presale performance.
Arctic Pablo is benefiting from the same market sentiment. With Ethereum trading above $4,5K and investor interest in meme coins growing, the project’s mix of storytelling, staking, and scarcity is attracting attention ahead of its exchange debut.
Riding the Whale Wave Whale buys in Bitcoin Hyper and TOKEN6900 show where big money is moving as Ethereum’s rally pushes sentiment higher.
Arctic Pablo is also drawing attention, fueled by its narrative-driven presale and strong community momentum.
Together, these projects cover the spectrum from high-speed Layer-2 tech to pure meme energy and story-backed scarcity. In a market charged with FOMO, options like these are set to go off.
This is not financial advice. Always do your own research (DYOR) before investing in crypto.
Chainlink founder Sergey Nazarov provides an insight into how Bitcoin could reach a jaw-dropping target of at least $10 million per coin.
Recently, the Chainlink founder sat down with Austin Arnold of Altcoin Daily to discuss Bitcoin and its potential path to a $10 million target.
Bitcoin as a Safe-Haven Asset During the 10-minute interview, Nazarov characterized Bitcoin as a digital gold that benefits from global instability, especially as people seek safe-haven assets.
He suggested that while an asset like Bitcoin is seen as a safe-haven asset, it makes sense if this trend is viewed through the lens of diversification. For Nazarov, diversification is the major defining word in the last 70 years of asset management.
The principle of diversification encourages spreading investments across different asset classes to reduce risk while providing a hedge against these instabilities.
He opined that if Bitcoin and gold are safe-haven assets amid global instability, then investors might decide to allocate 5% of their portfolios in gold and 2.5% in Bitcoin. This modest allocation, according to him, could drive Bitcoin’s price up significantly.
Bitcoin’s Path to $10M When asked how high Bitcoin could rise and whether it might reach 1% of the global money supply, he suggested that he would measure adoption by the level of capital large investors commit to the asset, rather than its share of global money.
He noted that if Bitcoin is seen as a safe-haven asset and global instability rises, then global capital allocation into BTC could spike to a few percent. He suggested that the shift from traditional financial instruments to Bitcoin could send BTC’s valuation to a multi-trillion-dollar range.
Hypothetically speaking, he said, if sovereign wealth funds and pension funds ignore equity and commodities and allocate 50% of their capital into Bitcoin, its price could rise to tens of millions of dollars, or at least $10 million.
However, he does not believe such an allocation will ever happen because it violates the principle of diversification.
Other Bitcoin to $10M Projections Despite being skeptical about sovereign wealth managers allocating 50% of their portfolios to Bitcoin, the $10 million projection is not new to BTC enthusiasts.
Earlier this year, JAN3 CEO Samson Mow suggested that Bitcoin could be trading around the $10 million mark if people understood its prospects.
In May, Equity Management Associates founder Lawrence Lepard, while calling Bitcoin a once-in-a-lifetime opportunity, projected that Bitcoin would clinch the $10 million target someday. For context, the $10 million target represents a spike of 8,607% from Bitcoin’s current price of $114,846.
Tokenization Will Be a Massive Success for Crypto Meanwhile, Nazarov also commented on the rise of tokenization and its potential market impact. He referred to tokenization as a larger trend, given the hundreds of trillions of dollars that currently exist off-chain.
He expects tokenization to have a positive impact on the crypto industry. According to him, moving 5-10% of that value on-chain would be a massive success for crypto.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Cover image via www.flickr.com 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.
Prominent Silicon Valley investor Tim Draper has addressed his failed $250,000 Bitcoin price predictions during his Monday interview on CNBC.
"So, I've been predicting $250,000 for Bitcoin for a long time. It turns out I haven't been right yet," Draper said, bursting out in laughter.
Nevertheless, Draper claims that the fact that Bitcoin is already halfway there is "very exciting."
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He insists that Bitcoin is a "hedge" against bad governance, arguing that now is actually "a really good time" for the bellwether token.
Uber-bullish price target Draper, who made his massive fortune with early bets on such names as Skype and Hotmail, was also among the first prominent investors to embrace Bitcoin. In 2014, he bought tens of thousands of Bitcoins that were auctioned off by the US Marshals Service after being confiscated from darkweb marketplace Silk Road.
In 2014, Draper predicted that Bitcoin would hit $10,000 within three years with extreme accuracy.
However, his next bullish target was a huge miss. Draper first stated that Bitcoin would be able to reach $250,000 within four years back in April 2018. He would then repeatedly reiterate that prediction throughout the years.
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By the end of 2022, Bitcoin was trading at just $16,000 amid the FTX-induced market crash. Draper was forced to reset the clock on his ambitious price target several times.
Most recently, he predicted that Bitcoin would finally be able to reach $250,000 this year, which seems to be rather unlikely considering that the crypto king is currently changing hands at $111,000.
Bitcoin and Microsoft As reported by U.Today, Bitcoin recently started losing ground to altcoins, including Ethereum (ETH).
Draper claims that competition is good for Bitcoin, adding that its market dominance is actually higher compared to previous cycles.
He has reiterated that Bitcoin is comparable to tech behemoth Microsoft in the sense that various novel applications are being ported to the leading network.
Draper has stated that there is a "gravitational" pull toward the largest cryptocurrency.
With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Block of Fame, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.
Vertalo, an SEC-registered transfer agent that has spent the better part of a decade building infrastructure for tokenized securities, has added Aptos to its platform. The Layer-1 blockchain now sits alongside Ethereum and Tezos as a supported chain for Vertalo’s Securities Protocol, which handles cap table management, transfer agency functions, and multi-chain tokenization for issuers and fund managers.
What Vertalo actually does, and why this matters Vertalo has been tackling exactly that problem since its founding in 2017. The company achieved SEC registration as a transfer agent in November 2019, operating under File No. 084-06663. Vertalo is one of the few platforms legally authorized to serve as the official record-keeper of who owns what in a tokenized securities structure.
The platform exposes over 1,000 GraphQL API endpoints, giving issuers and fund managers granular programmatic access to cap table data, investor management tools, and compliance workflows. It has partnered with more than 100 issuers over its lifetime, and its own first use case was tokenizing its own equity back in 2018.
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Adding Aptos to this stack means that issuers using Vertalo can now choose to deploy their tokenized securities on a high-throughput Layer-1 network built with the Move programming language, a language originally developed at Meta that was designed with resource safety and formal verification in mind.
Aptos keeps collecting institutional credibility tZERO announced Aptos as a preferred execution layer for tokenized assets on May 12, 2026. DigiShares made a similar move on April 7, 2026, integrating Aptos into its own tokenization platform.
BlackRock’s BUIDL fund, which was approximately $350 million as of late 2025, has exposure to Aptos. Franklin Templeton has similarly shown support for the network.
The RWA tokenization landscape is getting crowded Ethereum still dominates in terms of total tokenized asset value and ecosystem depth. But the fact that multiple regulated platforms are actively adding alternatives tells you something about where the market is heading: multi-chain by necessity, not by ideology.
Vertalo’s approach of supporting multiple chains through a unified Securities Protocol, with consistent cap table management across all of them, is essentially a bet that the future of tokenized securities won’t be a single-chain winner-take-all scenario.
What this means for investors The clustering of integrations from tZERO, DigiShares, and now Vertalo within a compressed timeframe — three major platforms onboarding within roughly six weeks — suggests the network is becoming a default option for compliance-minded builders.
The risk to watch is fragmentation. Multi-chain tokenization can create liquidity silos where the same asset class exists across multiple chains with limited interoperability. Vertalo’s unified cap table approach addresses part of this problem, but cross-chain settlement and secondary market liquidity remain unsolved challenges.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Updated May 29, 2026, 9:15 a.m. Published May 29, 2026, 8:19 a.m.
2 min read
Another targeted attack, this time directed at programmers. (Boitumelo/Unsplash)Summary
A newly discovered supply-chain campaign called TrapDoor has planted more than 34 malicious packages across npm, PyPI and Crates.io to target crypto and cloud developers.The packages, disguised as mundane developer utilities and security tools, were designed to steal SSH keys, wallet files, AWS credentials, GitHub tokens, browser data and other sensitive configuration files.Researchers say the attackers also abused AI configuration files like .cursorrules and CLAUDE.md with hidden instructions, aiming to hijack future AI coding sessions to run fake security scans that exfiltrate secrets.A new crypto-theft campaign is targeting the developers most likely to have wallet keys, cloud credentials and production access sitting on their machines.
Researchers at security firm Socket said earlier this week they identified a supply-chain attack called TrapDoor spread across three major open-source programming registries, with more than 34 malicious packages and hundreds of related versions and artifacts.
A key takeaway is that attackers are becoming more focused. In addition to social engineering, which targets individuals holding key information, supply-chain attacks are built not to catch random retail users but developers. Those are the very people who may have wallet files, SSH keys, GitHub tokens, cloud credentials and production access on the same machine they use to build crypto and AI tools.
Socket did not identify victims or stolen funds, but said the packages were live across npm, PyPI and Crates.io and contained payloads that could steal wallet data, exfiltrate credentials, test AWS and GitHub tokens and leave behind files to keep access active.
The packages programmed in JavaScript, Python and Rust were disguised as developer helpers, security scanners, wallet tools, Solidity utilities, AI prompt packages and Sui or Move build helpers.
Boring by design The names were boring by design. Packages were named "wallet-security-checker," "defi-risk-scanner," "solidity-build-guard," "move-compiler-tools" and "llm-context-compressor," looking like the kind of small utilities a crypto or AI developer might install without much thought.
Once installed, however, the payloads tried to pull far more than package data.
In the npm packages, the malware searched a developer’s machine for private keys, passwords, GitHub tokens and cloud logins. It also tested some stolen credentials, tried to move into other systems through SSH keys and left behind files that could keep the infection active.
SSH keys are login files that developers use to access servers, code repositories and other machines. If stolen, they can let an attacker move from one compromised laptop into a company’s wider infrastructure.
The attack also uses files such as .cursorrules and claude.md, which allow developers to give project-specific instructions to AI coding tools. Socket said the campaign planted hidden instructions using zero-width Unicode characters, apparently trying to make future AI assistant sessions run fake “security scans” that collected and exfiltrated secrets.
That turned the attack from a normal package stealer into something closer to developer-environment malware. The package install is only the first step, with the real target being the workstation, such as wallets, repos, browser data, cloud keys, SSH access and whatever AI coding tools read next.
The Rust packages used malicious build.rs scripts to run during compilation, targeting sui and move developers. PyPI packages executed remote JavaScript on import. Packages on npm used postinstall hooks.
Socket said it reported the packages to affected registries and classified the campaign packages as malicious. The company also warned that the attacker opened pull requests to AI and developer projects, trying to add .cursorrules and CLAUDE.md files through normal open-source contribution paths.
PANews reported on June 4th that Echo Protocol, the Bitcoin infrastructure protocol, announced the full restoration of all its services on Aptos, including lending, strategy, liquidity staking, vault, and other related protocols. The team stated that they have completed a security audit of all contracts deployed on Aptos, focusing on the contracts themselves and administrator permission configurations, and found no potential contract-level risks.
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
12 minutes ago
SK Hynix's stock price rise widened to 15.4%, while Samsung Electronics gained 6.3%.
According to Bitget data, SK Hynix’s stock price gain has widened to 15.4%, with Samsung Electronics up 6.3%.
12 minutes ago
The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.
According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.
12 minutes ago
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
12 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
12 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
Aptos Foundation, HashKey MENA, and Pan-African infrastructure provider Daya launched a pilot program on June 4 to build a regulated B2B stablecoin payment corridor connecting the MENA region with Africa, with settlement happening natively on the Aptos Layer 1 blockchain.
How the corridor actually works HashKey MENA, which operates under the regulatory oversight of Dubai’s Virtual Assets Regulatory Authority (VARA), anchors the Middle Eastern side of the corridor. On the African end, Daya provides the infrastructure that makes blockchain settlement practical for real-world commerce. Its platform supports fiat on-ramps and off-ramps, including virtual Naira accounts for Nigerian businesses.
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The pilot allows corporations to test compliant settlement solutions. The architecture is designed to address high costs, slow processing times, and chronic liquidity shortfalls.
Why this corridor, why now It’s a B2B corridor with licensed entities on both ends, operating within existing regulatory frameworks. Enterprise adoption of stablecoins has consistently been bottlenecked by compliance concerns rather than technical limitations.
Aptos as the underlying settlement layer is a deliberate choice. The blockchain was built with a focus on throughput and low transaction costs. Its Move programming language, originally developed at Meta’s defunct Diem project, was designed with financial applications in mind from the start.
What this means for investors Aptos ecosystem tokens climbed 5.1% following the announcement, pushing the network’s market capitalization to $4.03 billion. Transaction volumes and concrete adoption metrics have not been disclosed.
The risk calculus is straightforward. Pilot programs fail all the time. Regulatory environments in both MENA and Africa can shift quickly. African regulatory frameworks vary dramatically by country, and scaling beyond Nigeria will require navigating a patchwork of compliance regimes.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
PANews reported on June 7th that, according to Token Unlocks data, tokens such as HOME, WET, and ME will undergo significant unlocking next week, including:
HOME (HOME) will unlock approximately 750 million tokens at 8:00 AM Beijing time on June 10th, representing approximately 19.79% of the circulating supply, with a value of approximately $40.2 million.
HumidiFi (WET) will unlock approximately 256 million tokens at 8:00 AM Beijing time on June 9th, representing approximately 111.4% of the circulating supply, with a value of approximately $14.5 million.
Magic Eden (ME) will unlock approximately 172 million tokens at 8:00 AM Beijing time on June 10th, representing approximately 33.99% of the circulating supply, with a value of approximately $10.4 million.
Aptos (APT) will unlock approximately 11.31 million tokens at 12:00 PM Beijing time on June 12th, representing about 0.67% of the circulating supply, with a value of approximately $7.6 million.
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
12 minutes ago
SK Hynix's stock price rise widened to 15.4%, while Samsung Electronics gained 6.3%.
According to Bitget data, SK Hynix’s stock price gain has widened to 15.4%, with Samsung Electronics up 6.3%.
12 minutes ago
The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.
According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.
12 minutes ago
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
12 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
12 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
12 minutes ago
SK Hynix's stock price rise widened to 15.4%, while Samsung Electronics gained 6.3%.
According to Bitget data, SK Hynix’s stock price gain has widened to 15.4%, with Samsung Electronics up 6.3%.
12 minutes ago
The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.
According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.
12 minutes ago
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
12 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
12 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
SUI has captured the market’s attention by recording a daily trading volume of 373.5 million dollars in its latest market update. This figure has pushed the network ahead of rivals including Avalanche, TON, Aptos, and Polygon. The high trading activity underscores sustained interest in the asset, though price action remains cautious as investors weigh possible scenarios.
SUI outpaces competitors in transaction volumeReaching a daily trading volume of 373.5 million dollars has propelled SUI to the top tier among layer 1 networks in terms of short-term market activity. Operating as a layer 1 blockchain, SUI is closely monitored for its ambition to deliver high transaction throughput, making it an increasingly prominent player in the crypto market.
Sui Media highlighted that SUI’s daily trading volume reached 373.5 million dollars, surpassing Avalanche, TON, Aptos, and Polygon—a sign of a notable shift in market dynamics.
The uptick in volume confirms that investors remain actively engaged around the token. However, a surge in trading volume alone does not offer a decisive market signal, as such spikes can coincide with both periods of strong rallies and steep sell-offs.
As a result, market watchers are focusing not only on transaction volume but also on how SUI’s price reacts to key support levels. Comparisons with other smart contract platforms have intensified interest in SUI’s short-term performance and its resilience during volatile periods.
Loss of the 0.80 dollar support draws attentionDespite robust volume, SUI failed to hold the critical 0.80 dollar support level. This threshold was widely viewed as a major short-term benchmark. With the breakdown below 0.80 dollars, attention has shifted to lower potential support ranges as traders brace for possible further declines.
According to a report from Sui Insiders, the loss of the 0.80 dollar support means the next key area to watch is the 0.55 to 0.65 dollar range.
The current market outlook suggests that buyers were unable to defend the 0.80 dollar level. This has tipped the short-term balance in favor of sellers, weakening the technical structure. Analysts believe that a recovery back above 0.80 dollars could alleviate some selling pressure, but absent that, further downside tests remain on the table.
The new focus: the 0.55 to 0.65 dollar rangeChart analysis points to the 0.55 to 0.65 dollar zone as the next significant area of support. Many traders see this band as a potential accumulation zone, but if volatility persists, there is a risk that the price could dip toward 0.50 dollars. The coming days are likely to be pivotal for SUI’s immediate trend.
Mini glossary: An accumulation zone refers to a price area where buyers consider gradually building positions. Liquidity is the degree to which an asset can be bought or sold with minimal impact on its price.
SUI’s short-term outlook is sending mixed signals: strong trading volume stands out on one hand, while the price’s move below a major support points to a fragile technical stance. In the period ahead, investors are expected to closely watch how SUI behaves in the 0.55 to 0.65 dollar corridor for clues about its next direction.
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.
Aptos just posted 83.7 million transactions in a single week, its highest weekly total of 2026. For a blockchain that most people still mentally file under “Solana alternative they haven’t looked into yet,” those numbers deserve a second glance.
To put that in context, earlier weeks in 2026 averaged roughly 30 to 40 million transactions. This latest burst more than doubles that baseline, and it didn’t come from a one-day anomaly or a bot-driven spike. The growth has been building steadily for months, driven primarily by ecosystem activity in gaming.
Gaming is doing the heavy lifting The biggest contributor to Aptos’s transaction surge appears to be gaming applications, with Tapos Cat standing out as a particularly active driver of daily transaction volume.
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The blockchain has cumulatively processed more than 4.9 billion transactions while maintaining zero downtime and sub-second transaction finality.
Aptos already proved it could handle spikes. On May 25, 2024, the network processed 115.4 million transactions in a single day, a figure that dwarfed Solana’s 31.7 million transactions on the same day. During that burst, Aptos hit a peak throughput of 32,000 transactions per second.
A trend, not a blip Monthly user transactions on Aptos hit an all-time high of 134.46 million in March 2026. The June weekly record is consistent with that upward trend rather than an outlier.
Aptos is built on the Move programming language, originally developed at Meta for the ill-fated Diem project. Move was designed with safety and resource management in mind, which gives it some structural advantages for developers building complex applications like games and DeFi protocols. The language’s approach to asset management, where digital assets are treated as resources that can’t be accidentally duplicated or destroyed, reduces certain classes of smart contract bugs that have plagued Solidity-based chains.
What this means for investors The risk side of the equation is straightforward. Gaming-driven growth is real, but it’s also concentrated. If a handful of applications like Tapos Cat account for a disproportionate share of transactions, any decline in those specific games could sharply reduce network activity.
For traders monitoring on-chain data, the metric to watch isn’t just total transactions but unique active addresses and transaction value. A network processing 83.7 million transactions from a small number of gaming bots tells a very different story than one processing the same volume across millions of distinct wallets engaging with diverse protocols.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The tokenization narrative is not only growing, but it’s also evolving. While early conversations focused on whether the real-world asset sector could move on-chain, institutions are now asking a very different question: can blockchain infrastructure support financial markets at scale?
This shift is becoming increasingly visible across multiple networks, including Aptos. Securitize-related assets have reportedly surged 632% in June to reach $276 million. As major products such as BlackRock’s BUIDL fund expand on the network, Aptos is positioning itself as infrastructure built for continuous settlement, institutional-grade financial activity, liquidity, and more.
In the following interview, Solomon Tesfaye discusses the rapid growth of tokenized assets on the platform, the infrastructure institutions actually care about, and why the next phase of blockchain adoption may be driven by the convergence of both markets and machines.
Securitize-related assets on Aptos have reportedly grown 632% this month to $276 million. What does that kind of growth tell you about how institutions are approaching onchain markets right now?
The percentage growth is interesting, but what matters more is where activity concentrates once assets actually live.
Securitize issues and manages tokenized real-world assets for institutional sponsors including BlackRock and Apollo, and Aptos is one of the networks those assets can run on. Once that happens, issuance is no longer the main focus. The focus shifts to how those assets function inside real financial systems.
That is where the shift toward “markets” becomes visible. Settlement, collateral movement, and integration with trading and payment workflows all start to matter more than tokenization itself. On Aptos, those flows sit on infrastructure designed for continuous, high-frequency activity rather than static issuance.
You may also like: Forget Meme Coins: Tokenized Stocks and RWAs Are Becoming Fastest-Growing Categories Coinbase to Launch Tokenized Stocks For Non-US Customers BlackRock Rolls Out Bitcoin Income ETF as Demand for Covered Calls Grows What we’re seeing across the industry is a transition from proving assets can be tokenized to determining whether blockchain infrastructure can support real financial activity at scale. The networks that benefit are increasingly the ones capable of supporting continuous market activity, not just issuance.
What do you think is driving the recent increase in Securitize-related activity on Aptos specifically?
As assets become active in markets, operational requirements become much more important.
Tokenized funds are not static holdings. They move through settlement processes, collateral workflows, liquidity venues, and treasury operations. That creates a very different infrastructure requirement than simply recording ownership on-chain.
Aptos has now processed more than 5 billion transactions, maintains approximately 30-millisecond block times, and has delivered 99.99% uptime since mainnet launch. Those are the types of operational characteristics institutions evaluate because they reduce uncertainty around execution.
What we’re seeing across the industry is activity increasingly concentrating on infrastructure that has already demonstrated reliability under real-world conditions rather than theoretical performance.
BlackRock’s BUIDL fund, tokenized by Securitize, expanded to Aptos alongside several other chains, bringing one of the largest tokenized fund products into the Aptos ecosystem. What does that signal about Aptos’ position in the institutional RWA market?
The signal is that infrastructure choices are being made at a much more technical and operational level. BlackRock is not selecting chains for visibility. It is evaluating whether infrastructure can support regulated financial products operating at scale with predictable settlement and performance.
The expansion of BUIDL through Securitize onto Aptos reflects that evaluation process. It signals confidence that Aptos meets the requirements for institutional-grade financial products, particularly around consistent performance, reliability, and the ability to support continuous market activity.
More broadly, it reinforces Aptos’ positioning in the RWA market as infrastructure designed for high-frequency, always-on financial systems where tokenized funds, settlement flows, and collateral movement need to operate without friction at scale.
The takeaway is that institutional adoption is increasingly converging on infrastructure capable of supporting real financial market operations on-chain, not just tokenization experiments.
A lot of the discussion around tokenization still focuses on future potential, including tokenized stocks and other multi-trillion-dollar markets. What are tokenized real-world assets actually being used for onchain today?
Today, adoption is concentrated in relatively familiar financial instruments.
Money market funds, Treasury products, private credit, and short-duration fixed income assets account for much of the activity. Examples include products such as BlackRock’s BUIDL and Franklin Templeton’s BENJI.
What’s notable is that institutions are not necessarily starting with entirely new asset classes. They’re starting with assets where operational improvements can be realized immediately through faster settlement, reduced reconciliation, improved collateral mobility, and greater programmability.
In many ways, the first wave of tokenization is less about changing what assets are and more about changing how financial infrastructure operates around those assets.
For tokenized assets to move from early adoption to institutional scale, what infrastructure matters most: speed, settlement finality, compliance tooling, identity, liquidity, custody, interoperability, or something else?
Every component matters: compliance, custody, identity, liquidity, interoperability, and settlement.
But reliability is the prerequisite.
Institutions can solve many operational challenges. What they cannot solve is infrastructure that behaves inconsistently under load. Financial systems operate continuously, so sustained performance matters far more than peak performance.
Once reliability is established, the rest becomes an integration challenge across custody, compliance, trading, and liquidity.
Increasingly, institutions are evaluating blockchain infrastructure the same way they evaluate traditional financial infrastructure: based on resilience, predictability, and uptime.
Aptos has often positioned itself around performance, scalability, and reliability. How do those technical priorities translate into real advantages for institutions issuing or managing tokenized assets on-chain?
The best infrastructure is infrastructure that fades into the background.
Institutions are not trying to optimize for blockchain activity. They are trying to operate financial products efficiently and predictably. Performance only matters if it translates into operational certainty.
Features like parallel execution, fast finality, and the safety of Move help ensure institutions can focus on the asset and workflow rather than the underlying infrastructure.
As tokenized assets, stablecoins, and automated financial systems scale, this is where markets and machines begin to converge. In that environment, consistent execution matters far more than peak throughput. That’s where technical architecture becomes a business outcome.
As more financial assets move on-chain, how should the industry think about the relationship between public blockchain transparency and the privacy or compliance requirements of traditional financial institutions?
Transparency and privacy are not opposing goals.
Institutions need auditability, regulatory oversight, and verifiable settlement, while also requiring confidentiality around sensitive financial activity.
The long-term solution is not choosing one over the other. It is building systems where outcomes can be verified without unnecessarily exposing underlying information.
That becomes increasingly important as markets become more automated and trust shifts from manual processes to cryptographic verification.
Looking ahead, what role do you want Aptos Labs to play in the next phase of institutional blockchain adoption: infrastructure provider, ecosystem builder, capital markets partner, or something broader?
Markets are already moving on-chain through tokenized assets, stablecoins, and settlement infrastructure. At the same time, machine-driven systems are emerging that can transact, allocate capital, and interact directly with those markets.
Aptos is being built to support both. That means providing the infrastructure for financial markets to operate at scale while enabling increasingly autonomous systems to participate in the economy.
Performance, reliability, and continuous operation are not optional characteristics in either environment. They are foundational requirements.
We believe the convergence of markets and machines will drive the next phase of infrastructure demand.
The pre-seed round, led by Hivemind Capital and backed by a strategic investment from the Aptos Foundation, is the latest bet on stablecoins as infrastructure for African cross-border trade.
Posted June 24, 2026 at 10:00 am EST.
Daya, a stablecoin-native payments startup focused on African businesses, has raised $2.4 million in pre-seed funding, the company told Unchained on Wednesday. The round was led by Hivemind Capital, with participation from Lattice, Alliance and Globelink, and included a strategic investment from the Aptos Foundation.
Daya is building software for companies that need to move money between African and global markets. Its platform brings together local payment rails, stablecoin settlement, FX tooling, compliance processes and reconciliation, with the aim of giving businesses one place to manage international payments and treasury.
The company says businesses can access virtual USD, HKD and CNY accounts, stablecoin wallets, payouts, treasury controls and approval flows through its platform. Daya also offers APIs for developers that want to embed cross-border payment functionality into their own products.
The startup was co-founded by Tomiwa “Aleph” Lasebikan, a co-founder of the Y Combinator-backed crypto company Helicarrier, formerly BuyCoins, and Paul Joe. According to Daya, the team has also held stablecoin, developer-API and financial-infrastructure roles at companies including Circle, Microsoft and Lyrik Ventures.
“The winners in this market will not just own the payment rails; they will own the workflows,” Joe said. “We want cross-border payments to feel like modern software: programmable, transparent, compliant, and fast.”
Daya said the funding will support product development, licensing, compliance infrastructure, new payment corridors and financial institution partnerships.
Investors framed the raise around the scale of Africa’s trade with Asia. Globelink’s Kent Cai cited Afreximbank data showing Africa exported $189.5 billion in goods to Asia in 2024, while Asia accounted for 28.5% of the continent’s $769 billion in imports — implying more than $400 billion in annual two-way trade-linked flows.
The round also follows a pilot corridor partnership between Daya, Aptos Foundation and HashKey MENA announced earlier this month.
Daya’s raise lands as African cross-border payments are being reshaped by regional trade integration, new payment systems and growing stablecoin usage in markets where businesses face expensive transfers, fragmented liquidity and currency volatility.
African businesses are going global. The financial infrastructure helping them get there has not kept up, until now.
Daya, a stablecoin-native payments company founded by Nigerian entrepreneurs, has raised $2.4 million in pre-seed funding to build what it describes as a financial operating layer for African businesses that operate across borders.
The round was led by Hivemind Capital, with participation from Lattice, Alliance, Globelink, and Aptos Foundation.
The problem Daya is solvingAfrican businesses that import, export, hire across countries, or manage treasury in multiple markets typically rely on a patchwork of local banks, foreign exchange desks, crypto ramps, payment processors, and manual spreadsheets to move money.
The result is slow settlement, opaque exchange rates, trapped working capital, and little visibility into where money is at any given moment.
Daya's platform consolidates all of that into a single dashboard. Businesses can collect payments, convert currencies, hold value in stablecoin wallets, and move money globally, routing each transaction through the best available payment rail automatically.
The platform supports virtual accounts in U.S. dollars, Hong Kong dollars, and Chinese yuan, and also offers APIs for developers who want to embed cross-border payment infrastructure into their own products.
Who is building it?Daya was founded by Aleph L and Paul Joe, both Nigerian operators with deep roots in African financial infrastructure. The pair previously co-founded Helicarrier, one of Africa's earliest crypto exchange and stablecoin remittance platforms, which was backed by Y Combinator in 2018.
Both founders have also held roles at Circle, Microsoft, and Lyrik Ventures, giving them experience across stablecoin infrastructure, developer APIs, and African fintech.
"The winners in this market will not just own the payment rails; they will own the workflows," said Paul Joe, co-founder of Daya.
"That is why Daya is building both the application layer that companies use every day and the API layer that platform developers can build on top of. We want cross-border payments to feel like modern software: programmable, transparent, compliant, and fast."
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Why investors are paying attentionThe funding round brings together investors with a specific interest in the Africa-global payments corridor.
Hivemind Capital led the round, while Aptos Foundation joined as a strategic backer.
Aptos Foundation is a nonprofit dedicated to the adoption and advancement of the Aptos blockchain, a high-performance layer-1 network built for speed, safety, and scalability.
The foundation has committed over $150 million in grants to support builders developing real-world financial applications on the network.
"Stablecoins are becoming essential infrastructure for businesses that operate across borders, but the real unlock comes when payments, FX, treasury, and reconciliation can move through one system," Aptos Foundation senior vice president Ash Pampati said.
He added, "Daya is building for markets where faster settlement, lower costs, and better access to dollar liquidity can have an immediate impact."
Globelink Holding, a Web3 payments firm with a footprint in Asia and Latin America, also participated and pointed to the scale of the opportunity.
According to Afreximbank data, Africa exported $189.5 billion in goods to Asia in 2024, while Asia accounted for 28.5% of Africa's $769 billion in imports, implying more than $400 billion in annual two-way trade-linked payment flows between the two regions.
"The Asia-Africa corridor alone shows the scale of the opportunity," said Kent Cai, CIO at Globelink Holding.
Kayla Phillips at Hivemind Capital framed the company as a gateway to the global dollar economy.
The bigger pictureThe raise comes at a moment of significant structural change in African cross-border payments. The African Continental Free Trade Area is pushing the continent toward a unified single market.
Payment systems such as PAPSS are reducing reliance on correspondent banking and third-currency settlement. Stablecoins are increasingly being used as practical dollar rails in markets where businesses face currency volatility and fragmented liquidity, moving through decentralized exchanges and DeFi infrastructure in ways that make programmable cross-border payment tools more viable than ever.
Daya plans to use the funding for product development, corridor expansion, licensing, compliance infrastructure, and partnerships with local and global financial institutions.
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FTX customers are demanding substantial payouts from the bankrupt crypto firm. These customers claim three digital tokens, known as “Sam Coins,” deserve a higher value despite their association with convicted co-founder Sam Bankman-Fried.
Investors Push For Higher Valuation According to a Bloomberg report, the investors holding tokens called Serum, MAPS, and OXY are urging US Bankruptcy Judge John Dorsey to override the company’s experts’ conclusion that the tokens are “nearly worthless.”
Notably, Sam Bankman-Fried, who created Serum and obtained control over the other two tokens, was involved in securing deals related to them, as mentioned in court documents.
When FTX filed for bankruptcy in November 2022, the company held a significant majority of the tokens, far exceeding what could be sold, even without considering the fraudulent activities that led to its collapse, as the company argued in a court filing.
The firm’s advisers have proposed that the tokens should be valued at a minimal amount, possibly just a few cents. However, the token holders argue that this estimate is “flawed” and have presented their valuation method in court, suggesting that the tokens are worth hundreds of millions of dollars. They have filed claims demanding payment based on their calculations.
FTX Customers Prepare For Legal Showdown FTX’s lawyers state that other former customers will likely receive full reimbursement for their investments on the trading platform before bankruptcy. These customers had invested in US dollars, Bitcoin (BTC), and other assets that still hold value today.
The case between the customers and FTX is scheduled to reach its final arguments on Tuesday before Judge Dorsey in federal court in Wilmington, Delaware, the same jurisdiction currently seeing increased attention due to developments in Delaware sports betting legislation..
Per the report, the “Sam Coins” played a significant role in this fraudulent scheme, as asserted by bankruptcy officials. While these tokens had distinct names, they were colloquially called “Sam Coins” due to their close association with Bankman-Fried.
On the other hand, Sam Bankman-Fried was convicted of fraud for improperly transferring customer assets to a hedge fund under his control. The funds were subsequently utilized for high-risk investments, political donations, and expensive real estate, ultimately leading to the collapse of the FTX empire.
The daily chart shows that FTT’s price is trending downwards. Source: FTTUSD on TradingView.com At present, the native token of the exchange, FTT, is trading at $2.15, reflecting a 3% decline in price over the past 24 hours. However, the token has witnessed significant gains in recent months, accumulating a total growth of 65%.
Meanwhile, the three coins associated with Bankman-Fried display varying trends. Serum (SRM) has experienced a decline of over 5% in the past 24 hours and is currently valued at $0.06318.
On the other hand, MAPS is trading at $0.03549, demonstrating an upward trend of 9.4% during the same time frame. Lastly, Oxygen (OXY) stands at $0.01629, showcasing a notable surge of 15% within the given period.
Featured image from Shutterstock, chart from TradingView.com
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Risk Disclosure: Guides, news, articles and analyzes on Bitcoinsistemi.com do not constitute investment advice. Keeping in mind that Bitcoin and cryptocurrencies are high-risk products, you should do your own research for each investment decision. Otherwise, you may come to the point of losing your entire investment. In this context, you should know that you are responsible for the losses that may arise from all your transfers and transactions.
Bitcoinsistemi.com is a news site, does not provide investment advice and does not recommend investing in any projects or digital assets. In this context, the content and content authors on Bitcoinsistemi.com cannot be held responsible for the investment decisions you make.
There were developments in the Bitcoin and cryptocurrency markets where volatility increased extremely due to the influence of the FED and the week closed in the red zone as a result of a sudden decline in the BTC price.
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Clearpool has just introduced Oxygen (O2), a creative liquidity layer meant to run Ozean. Designed by Clearpool, Ozean is a blockchain for Real-World Assets (RWA). With Ozean, real-world assets can be easily integrated into DeFi, and native yield can be accessed on-chain.
📢 Introducing Oxygen (O2): The #RWA Liquidity Layer driving the growth of #Ozean🌊!
💧O2 combines tokenized treasuries, RWAs, major crypto assets and yield-bearing tokens into a unified asset basket, supporting critical functionalities like swaps, lending, and… pic.twitter.com/B6juwGN0X3
— Clearpool (launching Ozean🌊) (@ClearpoolFin) September 18, 2024 Clearpool is a decentralized financial ecosystem that incorporated the first permissionless marketplace for unsecured institutional liquidity.
Clearpool’s permissionless single-borrower pools enable organizations to obtain short-term capital while offering decentralized finance lenders access to risk-adjusted rewards based on interest rates established by market consensus. These pools are driven by the market forces of supply and demand.
Ozean is the first compliant RWA yield chain. Clearpool launched it. It is built on top of and supported by Optimism.
More About the Oxygen (O2) Additionally, Oxygen (O2) is a liquidity layer of the next generation explicitly developed for the Ozean network. By utilizing O2, a unified basket that includes RWAs, tokenized treasuries, liquid crypto assets, and yield-bearing tokens is achieved, which serves as the foundation of Ozean’s liquidity architecture. This basket forms a solid liquidity pool that serves as the foundation for the Ozean ecosystem by supporting essential services such as swaps, lending, and collateralization.
Oxygen provides a new liquidity solution. This approach involves incorporating tokenized treasuries, RWAs, and liquid cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) into a liquidity layer. This enables new enterprises to have access to liquidity at lower prices and with fewer token incentives, which fosters more time—and resource-efficient growth and participation in the market.
Oxygen pools are very different assets, including major cryptocurrencies like Bitcoin, Ethereum, and Solana, tokenized treasuries, and yield-bearing tokens. This enables users within the Ozean ecosystem to effortlessly participate in swaps, lending, and collateralization, granting them power.
Aside from generating revenue from assets like lending protocol tokens and tokenized treasuries, Oxygen also contributes liquidity to the market. This return is reinvested, enhancing liquidity and providing contributors with further opportunities to create supplementary income.
How Oxygen Helps Ozean Grow Oxygen’s robust liquidity layer is crucial to Ozean’s expansion. It enhances the availability of funds, the adaptability of financial operations, and the facilitation of various applications, including trading, lending, and issuing decentralized digital currencies.
Oxygen ensures sufficient liquidity to satisfy user demand in trading, lending, and collateralization operations on Ozean by diversifying its asset portfolio and making regular rebalancing adjustments.
Oxygen enhances lending procedures on Ozean by allowing users to borrow and lend against a wide range of assets, including RWAs and yield-bearing tokens. This promotes capital efficiency throughout the ecosystem.
By including RWAs, Oxygen enables the creation of stablecoins backed by physical assets, such as tokenized treasuries. These stablecoins boost confidence in volatile markets, increasing user adoption and involvement. Users can stake O2 to earn fees and use their holdings to raise extra funds. These opportunities encourage platform involvement, creating an autonomous environment that consistently attracts liquidity and growth.
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With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
Lazio Fan Token (LAZIO), S.S. Lazio football club’s groundbreaking cryptocurrency designed to enhance the fan experience. Supported by BNB Smart Chain (BSC), the LAZIO coin empowers fans with exciting features like participation in voting polls, acquiring digital collectibles, purchasing NFTs, and enjoying gamification elements tied to fan rewards and experiences. In this article, you can find answers to two frequently asked questions: What is Lazio Fan Token (LAZIO) and how to buy Lazio Fan Token (LAZIO) with TRY.
Lazio Fan Token is a BEP-20 utility coin aiming to revolutionize the relationship between S.S. Lazio and its fans by offering innovative engagement and governance solutions through the Binance Fan Token Platform. LAZIO coin holders gain access to numerous fan-centric activities, including voting sessions, loyalty subscriptions, e-commerce transactions, exclusive perks, gamification features, and direct donations to the club.
Lazio Fan Token is built on the BNB Smart Chain (BSC) and leverages the advantages of Blockchain technology to provide broader accessibility, enhanced functionality, and lower transaction costs for S.S. Lazio fans. It offers a range of interaction options, including access to limited collections and integration with the Binance NFT Marketplace, interactive team rewards, exclusive privileges, voting rights, gamification elements, and unique brand experiences.
S.S. Lazio has a large fan base with over 1.5 million fans in Italy and more than 2.5 million digital followers on social networks. Through collaboration with the Binance ecosystem, LAZIO coin expands its reach to both the existing fan base and the broader Binance user community, increasing brand visibility and engagement.
LAZIO coin holders benefit from numerous advantages, including the right to participate in fan engagement voting sessions on the Binance Fan Token Platform, subscriptions for fan rewards and digital collectibles, integration into S.S. Lazio’s potential e-commerce ecosystem, access to once-in-a-lifetime experiences, gamification features, and the ability to make direct donations to the club.
How to Buy Lazio Fan Token (LAZIO) with TRY?Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Lazio Fan Token (LAZIO). Over 100 cryptocurrencies, including LAZIO, can be bought and sold quickly on Binance TR. Follow the steps below to buy Lazio Fan Token (LAZIO) with TRY on Binance TR.
How to Open an Account on Binance TR?Opening an account on Binance TR is quite easy. Visit trbinance.com and proceed from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and accurately, an email/SMS verification will be done to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?Identity verification on Binance TR is one of the security procedures that must be performed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can choose to complete the verification process from your phone or through the official Binance TR website. Note that you will need your mobile phone to verify your identity on the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click “Verify.” In the next step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, you can click on “Copy URL” to have the identity verification address sent to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, continue by tapping on the “Identity” option.
Then a screen like the one below will open. To continue the verification process, first select the document type that suits you and continue.
After selecting the document type, continue by tapping on the “Upload Front” option. After taking a photo of the front of the document you selected, tap on the “Upload Back” option and take a photo of the back of the document. When taking photos of the front and back of your ID card or driver’s license, make sure the images are clear and the information in the photo is easily readable.
Then continue by tapping on the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. Once the camera opens, make sure your face fills the camera area as much as possible.
After completing all these steps correctly and completely, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 and make uninterrupted transactions from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. For other banks, deposits up to 50,000 TL can be made 24/7 via FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, first go to trbinance.com and hover over the “Wallet” option at the top left of the main page, then click on the “Deposit” option from the drop-down menu.
Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST. All you need to do now is transfer the amount you want to deposit into your Binance TR account using the information displayed on the bank’s page.
After your bank completes the transfer, the funds you sent will automatically be reflected in your wallet on your Binance TR account.
How to Buy LAZIO Coin with TL on Binance TR?After the deposit process, you can proceed to the step of buying LAZIO coin with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.
After clicking on this option, the page below will open. You can go to the page for buying LAZIO with TL by typing “LAZIO” in the search section on the right side of this page and clicking on the LAZIO/TRY option from the results.
Now the LAZIO trading page will open. On this page, in the area marked with a red box, you need to enter the price at which you want to buy LAZIO in the first box and the number of LAZIO you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy LAZIO” button.
What is Binance TR?Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) through direct banking channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls supported by Binance’s core functions through Binance TR.
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.
Launched as the 22nd project on Binance Launchpad, the Lazio Fan Token (LAZIO) will allow its holders to vote on club activities and receive exclusive offers from the Italian football club.
Binance, the world’s largest cryptocurrency exchange by trading volume, has become the new (main) shirt sponsor of the Italian football club S.S. Lazio. The partnership agreement between Binance and Lazio is worth over 30 million euros and will last for up to two years, with the option to extend into the third year.
In an official press release, Lazio President Claudio Lotito stated, “We are very pleased with this new international partnership. Our collaboration with Binance will allow us to expand our digital presence and connect with our fans and followers around the world like never before.”
Moreover, like other sports fan tokens, LAZIO operates as a governance token. It grants its owners the freedom to vote on club decisions and access to special rewards and benefits, which will be announced after the token officially launches on October 21st.
Additionally, the Lazio fan token is not the only football fan token available in the blockchain world. Other successful launches include the Manchester City Fan Token (CITY) and the Paris Saint-Germain Fan Token (PSG).
PSG experienced a significant price increase, growing by over 300% and reaching an all-time high of $61.23, following the shocking transfer of one of football’s greatest players, Messi, from Barcelona to PSG in 2021.
Therefore, a player’s transfer also has the potential to increase the prices of fan tokens. Thus, if Lazio incorporates major players into its squad, significant price increases in the fan token could be seen.
Additionally, LAZIO token holders will have the right to vote on club decisions, receive special club discounts, and possibly have a say in future player transfers and other important decisions that shape or transform a football club.
Furthermore, the LAZIO fan token serves as an opportunity for fans worldwide to become a part of S.S. Lazio and elevate its global fan base to another level.
How to Buy Lazio Fan Token?The Lazio Fan Token will be available for purchase on Binance today at 14:00. To buy LAZIO, one must first register with Binance and then send fiat money. After sending fiat currency like dollars, one can proceed to buy LAZIO in the trading pairs of Bitcoin (BTC) $60,983, Tether (USDT), Turkish Lira (TRY), and Euro LAZIO.
Additionally, on Binance, users can place buy orders not only at the market price but also at a lower value. To do this, use the Limit tab and enter the amount and price you wish to pay for the purchase.
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.
FC Porto Fan Token, designed as a BEP-20 utility token, is set to revolutionize the fan experience for all FC Porto supporters. The token grants FC Porto fans the authority to participate in team voting polls, win chances for digital collections, purchase NFTs, and enjoy gamification features linked to fan rewards or great experiences.
FC Porto Fan Token aims to reshape the relationship between FC Porto fans and FC Porto by offering crypto-backed single-point participation and management solutions through the Binance Fan Token Platform.
Binance Fan Tokens empower FC Porto fans by providing exciting and revolutionary ways to interact with their favorite teams and grow. The club also incorporates the utility token into its ecosystem, enabling voting, donations, e-commerce, NFTs, and more for fans.
The project highlights three particularly notable points:
Blockchain Infrastructure: The PORTO token is presented as a native BEP-20 token on the Binance Smart Chain (BSC), providing FC Porto fans with greater accessibility and a wide variety of token functions at low transaction costs.Token Utility: FC Porto Fan Token offers various fan engagement options, including limited collections and integration with the Binance NFT Marketplace, participation-based team rewards, special privileges, voting rights, gamification, and unique brand experiences.Brand Identity: FC Porto currently has over 8.2 million followers on social networks. In partnership with the Binance ecosystem, the PORTO token is accessible to both the FC Porto fan base and the entire Binance user base.In addition, FC Porto is an official partner of EA Sports and will be part of the next edition on Xbox One, PS4, PC, and Nintendo Switch. FIFA 20, the world’s leading football e-game, has a large global fan base that will embrace the FC Porto Fan Token.
On the other hand, PORTO token holders have the right to participate in fan engagement voting sessions on the Binance Fan Token platform. PORTO token holders can also use their tokens to subscribe to fan rewards, digital collections, loyalty points, and more.
PORTO Coin ReviewFan tokens have become quite popular lately. They provide fans with the opportunity to interact more closely with their teams while also enabling teams to generate additional revenue. Therefore, PORTO has been a focal point of interest since its announcement.
How to Buy FC Porto Fan Token?Binance will offer PORTO on its Launchpad, making it the 23rd project to meet users. The token sale for FC Porto Fan Token will start on November 6, 2021, at 00:00 AM (UTC) and will follow the Launchpad subscription format with the registration of BNB balances.
Binance, from November 6, 2021, 00:00 AM (UTC) to November 16, 2021, 00:00 AM (UTC), will record user BNB balances over 10 days. The final BNB holding amount for each user will be determined as the average over 10 days using the previously announced Daily Average BNB Balance calculation.
On November 16, 2021, at 10:00 AM (UTC), the final token allocation will be calculated, and the corresponding BNB will be deducted from the user’s already locked BNB amount. After deduction, both PORTO and BNB tokens will be transferred to the user’s spot wallet.
FC Porto is reportedly adding Norwegian midfielder Eirik Granaas to its roster in a deal worth €2.5 million plus add-ons, plucking the teenager from Fredrikstad FK. The signing puts Porto in competition with some of Europe’s biggest clubs for one of Scandinavian football’s most talked-about young talents.
Granaas, born on March 24, 2010, made his professional debut at 15. He’s been drawing comparisons to Arsenal captain Martin Odegaard in both potential and playing style.
The deal and the hype around Granaas The reported transfer fee of €2.5 million plus performance-related add-ons represents a significant premium over Granaas’s estimated market value of approximately €900,000. Porto would be paying nearly three times that valuation.
Granaas joined Fredrikstad FK on July 1, 2025, signing a contract through December 31, 2027. His time at the Norwegian club was brief but apparently impressive enough to attract serious attention from across Europe.
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Interest from Premier League heavyweights emerged in April 2026. Arsenal, Liverpool, Chelsea, and Newcastle were all reportedly tracking Granaas, making Porto’s move look like an attempt to beat England’s spending machine to the punch.
It should be noted that the reported transfer to FC Porto remains unverified as of June 18, 2026, with no records of the deal confirmed in major transfer databases or news coverage.
What this means for Porto’s fan token FC Porto launched its fan token, PORTO, in November 2021 on the BEP-20 network. The token currently trades around $0.55 with a market cap of approximately $6 million.
A splashy signing of a hyped teenager might generate social media buzz, but the correlation between transfer news and fan token price action has been unreliable. The Granaas signing alone is unlikely to move the needle for PORTO in any sustained way.
Fan tokens are not equity. PORTO token holders don’t own a share of the club’s transfer profits and receive no direct financial benefit when Porto sells a player for a gain.
What investors should actually watch Porto’s PORTO token at a $6 million market cap is, in crypto terms, a micro-cap asset, subject to thin liquidity, wide spreads, and significant volatility.
For those watching the PORTO token specifically, the €2.5 million Granaas deal is a reminder that the club remains active in the transfer market. Porto’s business model of developing and selling young talent has generated hundreds of millions in transfer fees over the past two decades. But unless fan token economics fundamentally change, that success story and the PORTO token’s price will continue to exist in largely separate universes.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Porto bought William Gomes for €9 million in January 2025. Eighteen months later, they want €60 million to let him go.
The 20-year-old Brazilian winger has emerged as one of the more interesting young talents in Portuguese football, attracting serious attention from Manchester United as the summer transfer window approaches. Porto’s asking price sits at roughly £39 million, down from the €80 million release clause originally written into his contract, but still a significant multiple of what the club paid São Paulo to bring him over.
What Porto actually have here Gomes, born in March 2006, plays primarily on the right wing and has appeared in 34 matches for Porto since arriving from Brazil, scoring 8 goals along the way.
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His current market valuation sits at €25 million, which means Porto’s asking price of €60 million is already a significant premium over what independent assessments suggest he’s worth.
The original €80 million release clause tells you something about how Porto rated him when they signed the deal. The fact that they’ve reportedly softened to €60 million suggests they’re willing to do business, just not at a discount.
Manchester United’s interest and what it signals United officials have reportedly traveled to Portugal for discussions. No formal bid has been submitted as of late June 2026, and Porto has not received any official approaches, but the conversations are happening.
Porto manager Francesco Farioli has clearly made Gomes a fixture in his setup, and the club has been vocal about viewing him as central to their longer-term project.
The broader pattern and what to watch Porto paid €9 million, built the player up over 18 months, and are now seeking a return that would represent one of their better pieces of business in recent memory.
Recent reports from early June 2026 suggest a further reduction in Porto’s asking price for Gomes beyond the move from €80 million to €60 million, signaling flexibility while a deal quietly inches toward happening anyway.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
