Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Dogecoin (DOGE) is currently experiencing bearish momentum, with price action slipping below major short-term support levels, including $0.1880, $0.1850, and now testing the crucial $0.125 mark. After failing to hold above $0.20, DOGE continued its downtrend, raising concerns about a deeper retracement if the $0.125 level breaks. Technical indicators—the MACD and RSI—signal ongoing bearish sentiment, though some short-term consolidation is evident. On the other hand, TRON (TRX) remains comparatively stable, trading near $0.13 with consistent activity and robust ecosystem development, appealing to risk-averse traders. Meanwhile, the AI-driven blockchain project Web3 ai successfully raised $7.1 million in its token presale, underlining strong investor interest in projects that merge artificial intelligence and blockchain technology. For crypto traders, close monitoring of Dogecoin’s support zones is advised for potential reversal or further declines, while Tron’s stability and Web3 ai’s fundraising success signal shifting market appetites and confidence in utility-driven tokens.

XRP has experienced a significant downturn in on-chain network activity since late 2024, with payment transactions and daily active addresses falling sharply. By June 2025, daily active addresses had declined by 75% from over 110,000 in January to below 30,000, marking the lowest engagement since October of the previous year. This decline highlights decreased participation from retail and mid-size XRP holders, even as whale addresses holding between 10 million and 100 million XRP increased their share from 10.4% to 12.2% since December. Despite softer network fundamentals, XRP price remains above $2, largely buoyed by strong U.S. spot ETF optimism—Polymarket now rates approval odds at 93%, following ETF filings from Bitwise, Grayscale, and 21Shares, as well as CME’s rollout of XRP futures. However, exchange flows on platforms like Binance have also slowed, and the network’s core payment use case faces waning adoption. Technical indicators show neutral to weak momentum: XRP trades under key EMAs near $2.14 and the RSI approaches oversold levels. While ETF hopes are currently supporting price, any negative developments could quickly expose fundamental weakness and trigger intensified selling. Crypto traders should closely monitor ETF progress, whale accumulation patterns, and any changes in network activity, as these factors will shape short-term price action and longer-term support.

Coinbase, a leading cryptocurrency exchange, suffered a significant data breach affecting around 70,000 users. The incident was traced to TaskUs, an India-based third-party customer support contractor. Two TaskUs employees allegedly accessed and photographed internal customer data, leaking sensitive information such as names, emails, partially masked Social Security numbers, government IDs, account details, and potentially transaction histories. Although no cryptocurrency funds or passwords were stolen, the stolen data poses risks for phishing and identity theft. The attackers reportedly attempted to extort $20 million in ransom, but Coinbase refused and notified law enforcement. Coinbase terminated implicated personnel, ended its relationship with TaskUs, and is moving support operations in-house, establishing a US-based support center to boost security. Estimated remediation and customer compensation could reach up to $400 million. The incident has intensified scrutiny from regulators and users regarding Coinbase’s data protection and outsourcing practices. The breach, alongside ongoing litigation over alleged unregistered securities, adds to operational and compliance risks. While no direct account losses were recorded, traders should remain vigilant as incidents like this could affect market sentiment and highlight persistent risks in the crypto sector.

X, formerly Twitter, has launched a beta version of its encrypted messaging feature, introducing end-to-end encryption, disappearing messages, and secure file transfers. Promoted by Elon Musk as a potential challenger to platforms like Telegram and WeChat, the service employs ’Bitcoin-style encryption’ using elliptic curve cryptography (ECC), digital signatures (ECDSA), and SHA-256 hashing, mirroring security practices common in the cryptocurrency sector. Each user is assigned a unique public/private key pair protected by a PIN, with messages encrypted before transmission and only accessible by sender and receiver. New features include message retraction (’delete for both’) and private key removal upon logout, further boosting privacy. X plans to expand its platform into a ’super app’ that could integrate payments (XPay), AI assistants, and social features. The rollout signals X’s pivot towards privacy-centric communication, leveraging cryptographic techniques similar to those used in crypto, and reflecting a growing market trend of convergence between social media, privacy demands, and digital asset adoption. This move may attract traders and users seeking secure interactions and positions X as an evolving player in the broader crypto ecosystem.

A recent Trump-themed memecoin dinner event distributed exclusive, Solana-based NFTs to top $TRUMP token holders and event attendees. Three types of limited-edition NFTs—’Power to the Holders,’ ’Gold Gala Dinner,’ and ’Diamond Hands’—were airdropped via Metaplex, with the rarest fetching up to $16,000 on secondary markets. Despite strong trading activity and high resale prices driven by rarity, exclusivity, and political collectible appeal, the $TRUMP token itself remains down over 84% from its peak with only modest post-event price gains. Community discord has arisen, with calls for stricter tokenomics and more equitable rewards. The event highlights the speculative nature of political NFTs and reflects the broader trend of community-driven hype in both the NFT and memecoin markets, while also drawing political and ethical scrutiny over $TRUMP’s fundraising and project governance. For crypto traders, this segment is marked by high volatility, speculative drivers, and the gap between NFT hype and underlying token performance.

MAGACOIN FINANCE is drawing attention in the crypto trading community as its presale enters the final phase, with analysts highlighting the potential for exceptional returns—projected as high as 25,000%—before its major exchange listing slated for 2025. The token, currently priced under $0.01, will be publicly listed at $0.007, making early participation accessible. Out of a fixed 100 billion token supply, 45% is allocated to early buyers, and the project boasts audited smart contracts with a strong focus on security and transparency. Analysts compare the current momentum and active community engagement to the early days of Dogecoin and Shiba Inu, citing surging wallet activity and repeat investments as evidence of high investor conviction. In contrast, major coins such as XRP, SOL, LINK, Injective (INJ), and ETH continue steady growth. XRP is benefiting from institutional adoption and is trading near key resistance levels. INJ holds a stable range between $17.11 and $19.11, while ETH approaches $2,900, backed by institutional inflows and robust technicals. Despite these gains, MAGACOIN FINANCE stands out for traders seeking outsized, short-term speculative upside. Crypto traders are advised that MAGACOIN FINANCE, like most new presale tokens, carries heightened risk and volatility. While the prospect of large-scale early returns is enticing, the token’s actual market acceptance and post-listing performance in 2025 will be critical for long-term relevance and impact. Caution and due diligence are recommended, especially as this may represent a final opportunity for early-stage entry before widespread public trading begins.

Argentina’s President Javier Milei has been cleared of wrongdoing by the country’s Anti-Corruption Office in relation to the LIBRA memecoin scandal. The office found Milei acted in his personal capacity as an economist—not as a public official—when he promoted LIBRA on social media. No evidence of legal violations, state involvement, or misuse of authority was found. The investigation was initiated at Milei’s own request. Despite this exoneration, separate court investigations continue in Argentina, the United States, and Spain. The controversy began after Milei’s February social media endorsement of LIBRA, which led to a temporary surge in the token’s value to $4.5 billion before a collapse of over 96%, leaving thousands of investors with significant losses. At present, LIBRA trades at $0.030, with a recent 37% monthly gain despite the massive drop from its peak. The episode underscores the volatility and risks of memecoins, as well as the outsized influence political figures can exert on crypto projects and token prices. Crypto traders should remain wary of rapid, news-driven price movements in politically linked assets, as investigations and regulatory scrutiny continue.

SEC Chair Paul Atkins and his predecessor Gary Gensler have both publicly affirmed the importance of self-custody in the cryptocurrency sector, highlighting it as a core American value and a foundational crypto principle. Atkins, speaking at a recent policy roundtable, described self-custody as an inherent right rooted in personal freedom and property rights—marking a significant shift for the SEC, which has historically been skeptical of self-custody wallets and decentralized asset management. These comments come as Congress debates regulatory bills that could limit users’ ability to manage digital assets privately. Additionally, the SEC is considering a new exemption to clarify and facilitate self-custody options while enhancing investor protection. The growing regulatory support for self-custody is likely to encourage broader crypto adoption, promote innovation, and reduce compliance uncertainties. For crypto traders, these developments suggest a decreasing regulatory risk for decentralized storage solutions, potentially leading to increased market confidence, higher trading volumes, and greater participation from both retail and institutional investors.

Bitcoin liquidation events escalated as BTC surged above $110,000, leading to over $404 million in liquidations within 24 hours, with more than $320 million from short positions in just 12 hours. This price rally reflects a significant short squeeze, caused by overly leveraged short-sellers as revealed by on-chain data from Glassnode. The intensity of liquidations, which affected over 99,000 traders and major exchanges like Bybit, Binance, Gate, and HTX, signals extreme market volatility. Positive market sentiment was further bolstered by renewed US-China trade talks in London aimed at restoring critical mineral exports and easing long-term tensions, creating a broader risk-on environment. As a result, not only did Bitcoin rally, but altcoins such as Ethereum (ETH), Solana (SOL), Cardano (ADA), and Sui (SUI) posted strong gains. Hyperliquid (HYPE) outperformed with over 10% daily and 48% 30-day gains, while meme coins like Dogecoin (DOGE) registered mixed results, with DOGE remaining in a downturn. Tech and semiconductor stocks in US markets also showed moderate gains, though the crypto market’s volatility remains a key risk. Analysts highlight that strong institutional buying, improved macro conditions, and aggressive liquidation of shorts present bullish opportunities for traders. However, the persistence of high volatility requires strict risk management, as both bullish and bearish positions remain exposed to rapid market shifts.

The UK’s Financial Conduct Authority (FCA) has lifted its ban on retail investment in cryptocurrency exchange-traded notes (ETNs) and ETFs, a restriction in place since 2019. Effective from June 6, 2025, UK retail investors can now access these regulated crypto investment products, including those tracking Bitcoin, Ethereum, and other leading tokens, via the London Stock Exchange and other approved venues. The policy change forms part of the UK’s post-Brexit drive to enhance fintech competitiveness, attract digital asset innovation, and position London as a premier European crypto hub. The FCA will enforce strict risk disclosure and marketing rules to protect retail investors, while the ban on crypto derivatives for retail remains due to ongoing concerns about volatility and consumer protection. This regulatory easing is expected to significantly increase institutional and retail inflows into UK-listed crypto funds, mirroring positive trends observed in the US, EU, and Hong Kong after similar moves. Crypto ownership in the UK has risen sharply, doubling to 12% in 2024, reflecting growing domestic market demand. Industry leaders view this development as a decisive step toward mainstream crypto adoption in the UK. Further, regulatory reforms for crypto exchanges and custodians are planned for 2026 to further integrate crypto oversight with traditional financial markets. Analysts predict this move will boost liquidity, foster innovation in areas such as stablecoins and DeFi, and strengthen London’s status as a global crypto financial center. Overall, the policy shift is considered bullish for Bitcoin and the broader digital asset market.

Errol Musk, the father of Tesla CEO Elon Musk, spoke at the Future 2050 International Forum in Moscow, addressing the ongoing public disagreement between his son and former U.S. President Donald Trump. He characterized the dispute as minor and attributed it to personal stress, expecting a swift resolution. The event, notable for its politicized and pro-Kremlin backdrop, was more focused on global geopolitics than on developments directly impacting the cryptocurrency sector. Despite speculation about the potential market impact from this high-profile meeting, there have been no direct changes in cryptocurrency regulation, adoption, or significant price volatility. Bitcoin (BTC) remained stable, trading around $106,006, with a global crypto market cap above $2 trillion and retaining market dominance over 63%. CoinMarketCap and analysis from Coincu confirmed the absence of major regulatory shifts or industry disruptions linked to the forum. Experts emphasize that while leadership changes and geopolitical events can shape long-term sentiment in the crypto market, the immediate impact on crypto prices—especially on Bitcoin—remains limited unless these events are accompanied by concrete policy or technological developments. Crypto traders should monitor ongoing geopolitical trends for future implications, but the current environment remains fundamentally driven, with market movements largely decoupled from high-profile headlines.

Uber’s CEO Dara Khosrowshahi has revealed at the Bloomberg Tech Summit that Uber is seriously exploring stablecoin integration to streamline its global payments, with a focus on reducing international transaction costs and minimizing currency volatility—an issue for many multinational firms. The discussion referenced leading stablecoins like USDC and Euro Coin, both issued by Circle, whose recent IPO on the New York Stock Exchange has sparked increased institutional curiosity and confidence in stablecoin adoption. While Uber has not implemented a stablecoin payment system yet, internal research continues as the company weighs operational and fiscal benefits. This move reflects the wider trend of global corporations considering stablecoins to optimize cross-border transactions and payments. Crypto traders should note that successful adoption by major players like Uber could significantly drive up stablecoin transaction volumes, trigger broader corporate integration of cryptocurrency payment infrastructure, and impact the market performance of major stablecoins and related blockchain assets.

Altcoins are demonstrating renewed strength as June progresses, with traders rotating capital from stable top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) to high-performing alternatives. While Bitcoin trades close to its all-time highs, major altcoins such as Avalanche (AVAX), Injective (INJ), and Worldcoin (WLD) are experiencing notable price surges, buoyed by rising trading volumes and bullish sentiment. AVAX has surged 8% in 24 hours due to expanding DeFi activity and ecosystem growth, potentially setting up a breakout towards the $26-$28 range if volume remains strong. Injective (INJ) is rallying on AI and cross-chain finance narratives, aiming to break $14. Meme-inspired Pudgy Penguins (PENGU) is seeing increased activity from strong community participation and NFT launches, targeting $0.015. DeXe (DEXE), a DeFi governance token, posted a 25% weekly gain, with potential upside if it clears $11. Worldcoin (WLD) rebounded 7% on the back of global expansion and AI integration, despite ongoing biometric data controversies. The rotation into these and other speculative or innovative tokens underlines growing trader confidence, with expectations of heightened volatility and breakout opportunities in the near term. Traders are advised to closely monitor high-volume altcoins for technical breakouts and momentum plays in the coming week.

BitoPro, a leading Taiwan-based cryptocurrency exchange, reported a major security breach resulting in the theft of over $11 million in crypto assets from an old hot wallet during a system upgrade in May 2025. The breach was exposed by blockchain investigator ZachXBT, who noted that the stolen funds were rapidly laundered through decentralized exchanges and privacy mixers like Wasabi Wallet. In response, BitoPro swiftly halted all deposits and withdrawals to contain losses, replenished lost assets from its reserves, and migrated holdings to new secure wallets. The company also highlighted that user funds were protected throughout the incident, with trading operations remaining uninterrupted. Collaborating with third-party cybersecurity firms and law enforcement, BitoPro is actively tracking the stolen funds and working to further strengthen its security protocols. The majority of user assets continue to be stored in offline cold wallets, reducing future risk. BitoPro has pledged to fully compensate affected users and is prioritizing enhanced transparency by publishing new wallet addresses. This incident underscores persistent vulnerabilities in the crypto exchange sector and the importance of robust security measures and rapid incident response to protect trader assets and maintain market trust.

The Ethereum Foundation has launched a new active treasury management strategy for its ETH holdings, shifting from a passive to a proactive approach. This updated policy sets clear limits on annual operational expenses, restricting them to 15% of the treasury and ensuring a reserve equivalent to 2.5 years of expenses. Over the next five years, the annual expense baseline will drop to 5%. The Foundation will now strategically time and size ETH sales, diversifying part of its holdings into fiat to promote financial stability and reduce the risk of large, unpredictable token sales. This advancement follows community calls for greater transparency and comes after internal restructures, including staff reductions. To support accountability, the Foundation commits to regular financial reporting, including quarterly updates to its board and a public annual report. The policy is positioned as a risk mitigation measure rather than a speculative move, aligning with best practices in the nonprofit and blockchain sectors. For crypto traders, these changes enhance transparency and could stabilize ETH market liquidity and sentiment, thus reducing uncertainty surrounding major token movements from the Foundation.

The US Securities and Exchange Commission (SEC) has issued new guidance on crypto staking, signaling a significant shift in its approach to digital asset regulation. On May 29, the SEC’s Division of Corporation Finance suggested that some staking offerings may not be classified as securities, potentially exempting certain proof-of-stake blockchains from federal registration requirements. This contradicts previous SEC actions and court rulings involving platforms such as Binance and Coinbase, where staking products were deemed unregistered securities. The abrupt policy turn has drawn criticism from industry leaders and former SEC officials, who argue the revised stance erodes investor protections, increases compliance complexity, and contradicts prior enforcement activity. Commissioners Caroline Crenshaw and Hester Peirce publicly highlighted regulatory inconsistencies, especially regarding the categorization of major digital assets like Ether (ETH) and Solana (SOL). Peirce further noted the complexities in determining the security status of tokens, hinging on the context of their sale. Critics also point to the SEC’s ongoing deregulatory moves—such as dropping lawsuits—which they believe further confuse the regulatory landscape. The evolving approach leaves exchanges, staking providers, and investors grappling with uncertainty, posing compliance hurdles for the industry and raising the risk of reduced market confidence in proof-of-stake offerings and related crypto assets like ETH and SOL.

GameStop CEO Ryan Cohen has voiced strong support for Bitcoin, calling it a hedge against currency devaluation and emphasizing its potential as ’digital gold.’ Cohen’s recent statements, reported by Cointelegraph, highlight Bitcoin’s increasing acceptance in mainstream finance and its growing reputation as a safe-haven asset. He noted that Bitcoin’s price could experience significant upside if it becomes widely seen as a store of value, similar to gold, especially amid heightened volatility in traditional markets. Cohen’s comments align with the broader trend of institutional leaders recognizing Bitcoin and other cryptocurrencies as key components of diversified investment portfolios. The growing institutional and retail acknowledgment of Bitcoin’s utility could fuel further adoption and positively influence its price trajectory. Crypto traders should watch for increased market interest and potential price appreciation, as influential endorsements historically serve as catalysts for both short-term momentum and long-term adoption in the crypto market.

James Wynn, a prominent crypto whale and leading trader on the Hyperliquid decentralized exchange (DEX), has been thrust into the spotlight after suffering over $36 million in losses due to highly leveraged trades on Bitcoin. His bold trading activity, including holding over 5,000 BTC long with up to 40x leverage, initially resulted in significant gains but ultimately led to large-scale liquidations during market corrections. Wynn’s subsequent attempts to recover losses with sizable short positions also failed, contributing to a cumulative weekly loss and generating $1.5 million in trading fees for Hyperliquid. In the wake of these high-profile losses, Wynn was publicly accused by blockchain investigator ZachXBT of manipulative trading behavior, such as using multiple accounts and potentially exploiting trading mechanisms for unfair gain. ZachXBT presented evidence of suspicious wallet activity suggesting possible insider advantages or trading against platform users. While Wynn has maintained transparency by publicly sharing trading outcomes, these allegations have ignited deeper concerns among crypto traders about transparency, market fairness, and regulatory oversight on Hyperliquid and similar platforms. Hyperliquid has not yet released an official response. Crypto traders are advised to monitor developments closely, as the ongoing controversy could influence trust in the platform, trading dynamics, and overall sector integrity.

Circle’s recent IPO, featuring a surge of nearly 200% in its stock price, has intensified focus on the role of stablecoins like USDC within the cryptocurrency market. This high-profile listing is drawing comparisons to Coinbase’s 2021 IPO, which signaled a market peak followed by a sharp drop in Bitcoin value. While some analysts warn that Circle’s public debut could precede short-term volatility for Bitcoin – repeating historical patterns – the current market remains more stable, with Bitcoin trading above $107,000 and showing only modest gains. Notably, experts highlight that institutional confidence in Circle and the ongoing engagement from traditional finance may encourage long-term sector-wide growth for both stablecoins and broader crypto assets. Market participants are advised to remain cautious, monitoring for potential short-term corrections but also for opportunities driven by increased public and institutional attention on digital assets. The evolving regulatory landscape makes it essential for traders to stay vigilant, as new developments could impact both Bitcoin and stablecoin trajectories.

Bitcoin (BTC) has surged beyond $107,000 and reached as high as $110,500 following earlier macro-driven volatility, displaying strong momentum and renewed investor confidence. On-chain analysis shows a notable rise in buyer activity, with Binance’s Taker Buy/Sell Ratio climbing to 1.1, reflecting aggressive buying and escalating bullish sentiment among traders. The 90-day Buy/Sell Pressure Delta is approaching historical limits, indicating persistent accumulation without a risk of market overheating. Meanwhile, short-term UTXO bands suggest new investors are holding onto their coins, pointing to continued optimism and a typical re-accumulation phase. Realized Cap for long-term holders has surpassed $56 billion, underscoring a growing conviction as more coins move into inactive wallets. Although Coin Days Destroyed points to a minor increase in older coins reaching exchanges, this is interpreted as routine rebalancing rather than widescale selling. Volatility remains subdued at 21.68%, signaling consolidation that may precede a significant move. Notably, the market on Binance is skewed toward shorts, with over 60% of traders betting against further gains. This crowded short trade raises the potential for a short squeeze if bullish pressures persist. Overall, the combined on-chain and sentiment indicators suggest the foundation for a bullish BTC breakout is strengthening, with both short-term and long-term data signaling potential for further upside.

Bitcoin has reached new milestones in realized profits and market maturity, according to Glassnode data. The cryptocurrency hit a record all-time high near $111,000, driving realized profits up to $1.47 billion daily at peak and frequently exceeding $1 billion per day during the current cycle. This surge highlights increased strategic profit-taking and capital rotation by experienced investors versus previous, more impulsive sell-offs. Realized capitalization for Bitcoin has neared the $1 trillion mark, further underscoring the scale of capital influx and outflows. Notably, Glassnode’s analytics reveal a downward trend in net profit realization relative to market cap—from over 0.4% in 2015–2018, down to 0.15% in 2020–2022, and about 0.1% currently—indicating a more disciplined and mature approach to exits. Improved liquidity, heightened institutional participation, and enhanced capital management have contributed to reduced volatility, supporting a more stable trading environment. As large-scale profit realization has historically preceded consolidation or corrections, traders should anticipate possible short-term market volatility and stabilization after such events. Monitoring profit-taking patterns and consolidation signals can guide both short-term and long-term Bitcoin trading strategies, as these cycles impact price direction and may prompt greater regulatory attention and technological advancements in the crypto sector.

Recent data highlights a significant outflow of over 67,854 BTC from major centralized exchanges in early June 2025, with top withdrawals from Bitfinex (25,368 BTC), Binance (10,292 BTC), and Coinbase Pro (9,867 BTC). The primary driver behind these withdrawals is believed to be institutional investors, such as ETF providers, custodians, and OTC desks, moving large amounts of Bitcoin into private wallets for self-custody or long-term holding. This trend signals a decline in short-term selling pressure on exchanges, reflecting growing bullish sentiment among long-term holders. Despite these substantial outflows, Bitcoin’s price hovered near $100,000 and consolidated, indicating market uncertainty. Analysts note that such contraction in exchange reserves often precedes significant upward price movements, though these effects may be delayed. However, factors like weak US economic data and tariffs could cause Bitcoin to trade sideways in the near term. Traders should monitor the reduced liquidity and potential for increased volatility, especially if demand rises, with a key support level at $96,719 that could trigger further price swings if breached.

Crypto whales and institutional investors are readjusting their strategies, moving funds away from volatile meme coins and toward utility tokens such as Ruvi AI (RUVI) and Ripple (XRP). This trend reflects a growing preference for blockchain assets with defined use cases, robust technology, and sustainability over purely speculative tokens. Ethereum (ETH) remains attractive due to its strong DeFi ecosystem and upcoming network upgrades, offering long-term value stability. Ruvi AI is gaining early traction by leveraging artificial intelligence for decentralized applications, while Ripple (XRP) is supported by its established cross-border payment network and progress toward legal clarity. As market volatility continues, traders should monitor increased whale activity and trading volumes in utility-oriented tokens, which may signal confidence and potential price appreciation. The shift highlights that major investors are favoring projects with real-world functionality and innovative solutions, indicating a possible evolution in crypto market trends toward more fundamentally sound assets.

Blockchain analytics firm Chainalysis and on-chain investigator ZachXBT have confirmed that a $31 million Bitcoin (BTC) donation sent to Ross Ulbricht, the former Silk Road founder, originated from AlphaBay, and not from Silk Road itself. The 300 BTC donation, which followed Ulbricht’s release from prison via presidential clemency, was traced to wallets associated with AlphaBay—a significant darknet marketplace from 2014 to 2017. Although Bitcoin mixing services were used to disguise the source, analysis revealed ties to former AlphaBay participants. The transaction was structured with smaller, staggered transfers through centralized exchanges to circumvent tracing. This revelation shifts initial speculation away from Silk Road proceeds and highlights the ongoing influence of historic darknet actors on the current crypto ecosystem. The incident sparks renewed debate regarding tainted funds, law enforcement tracking, and the persistent anonymity in cryptocurrency transactions. Ulbricht has not commented publicly on the donation, which arrives amidst increased scrutiny of illicit Bitcoin flows and the market’s response to resurfacing long-dormant coins.

El Salvador has increased its national Bitcoin holdings, acquiring 8 additional BTC in the past week and raising its total reserves to 6,200.18 BTC, now valued at over $6.52 billion, according to updated figures from the Ministry of Finance. This move extends El Salvador’s steady accumulation of Bitcoin and underscores its commitment to adopting Bitcoin as both a store of value and an integrated part of its financial system. Analysts say El Salvador’s program demonstrates strong institutional confidence in Bitcoin and positions the nation as a pioneer in sovereign crypto adoption. For crypto traders, the regular, transparent acquisitions by a nation-state may bolster positive sentiment toward Bitcoin and suggest ongoing institutional interest, supporting Bitcoin’s profile amid volatile market conditions.

Bitcoin (BTC) experienced heightened volatility after a public dispute between Donald Trump and Elon Musk, causing a notable sentiment shift across the crypto market. On Binance, Bitcoin’s funding rate flipped from positive (+0.003) to negative (-0.004), signaling a move into a risk-off environment as traders turned bearish. The price briefly fell to $100,984, and global crypto market capitalization dropped 4% to $3.33 trillion. Derivatives data revealed a sharp reversal in net taker flow and a surge in demand for short positions, mirroring past episodes in October 2023, September 2024, and May 2025—all of which were followed by significant BTC rallies and new all-time highs. Whale activity has intensified, with new large Bitcoin wallets accumulating $63 billion in BTC, reflecting robust institutional and large-holder confidence. Market analysts, including QCR Capital, forecast a potential BTC target of $130,000 by Q3 2025. Cautious voices warn of a possible dip below $100,000, but the combination of deep negative funding rates, strong whale accumulation, and historical precedents points to an increased chance of a short squeeze and imminent price recovery if negative sentiment fades. At the time of reporting, BTC trades at $104,069, down 0.5% in 24 hours. For crypto traders, the confluence of negative funding rates, historical bullish rebounds from similar market conditions, and visible whale accumulation indicates a high likelihood of short-term upward movement for Bitcoin if a reversal materializes.

The US Securities and Exchange Commission (SEC) has postponed its decision on the approval of a spot SUI ETF, reflecting ongoing regulatory uncertainty for novel crypto investment products. This delay has introduced short-term volatility for SUI, as investor confidence weakens and the potential for major institutional inflows is deferred. At the same time, optimism for a Ripple (XRP) ETF is increasing, driven by market speculation and potential regulatory clarity in the United States. As expectations for a XRP ETF rise, XRP may see stronger institutional demand and price stability, signaling a shift in market sentiment toward Ripple. Analysts advise traders to follow official SEC announcements closely, as further ETF-related developments could significantly impact the trading behavior and valuation of SUI and XRP. Overall, while regulatory caution remains, the evolving ETF landscape is poised to influence the broader crypto market, with SUI facing uncertainty and XRP potentially benefiting from increased institutional attention.

James Wynn, a prominent crypto trader, sold 126,116 HYPE tokens on the Arbitrum network, generating approximately $4.12 million, according to blockchain analytics platform LookIntoChain. Purchasing these HYPE tokens at an average price of $24.4 between May 9 and May 12, Wynn later sold them for an average of $32.7, securing a profit of about $1.05 million in under a month. This substantial short-term profit highlights Wynn’s strategic trading in the volatility-prone memecoin sector and underscores the profit potential in emerging altcoins. Such a large-scale sale by a top holder may affect HYPE token price behavior on Arbitrum, serving as both an opportunity and a risk signal for other crypto traders. Additionally, Wynn’s move is seen by some as indicating a possible shift in his investment approach or a change in sentiment toward HYPE. The event reflects ongoing heightened activity and volatility in altcoin and memecoin markets, urging traders to monitor large token movements closely for trends and price fluctuations.

TRON founder Justin Sun, a well-known cryptocurrency billionaire, is set to make history as the first major figure in crypto to fly into space, with Blue Origin’s New Shepard rocket. Sun secured his seat via a $28 million charity auction in 2021, and recent official tweets confirm the mission is now scheduled for July 2025 after earlier delays. He will join five other passengers, including another charity auction winner. This high-profile event is expected to raise the profile of TRON (TRX), foster greater public interest in blockchain technology, and highlight the intersection of crypto innovation and space exploration. Market analysts suggest Sun’s bold move could bring mainstream attention and increased media coverage to TRON and the broader crypto sector. Traders are advised to watch TRX closely for heightened attention or price volatility, especially as the launch date approaches. Sun’s previous high-visibility activities, like his $4.5 million lunch with Warren Buffett and appearances at major crypto events, underscore his ongoing PR strategy to elevate TRON’s brand.