Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Cantor Fitzgerald has publicly endorsed Solana (SOL) as a strong candidate for corporate treasury holdings, marking a notable shift in institutional crypto strategies that have historically favored Bitcoin and Ethereum. Their analysis underscores Solana’s high-speed, low-cost blockchain infrastructure, positioning it as particularly suitable for companies aiming to leverage on-chain finance, decentralized marketplaces, and high-frequency operations. Cantor Fitzgerald’s report initiates coverage on Solana-centric companies such as DeFi Development Corp., Upexi, and SOL Strategies, with bullish price targets of $45, $16, and C$4 respectively, further reflecting growing institutional confidence in Solana’s ecosystem. The analysis highlights Solana’s advantages in developer activity and transaction throughput, contrasting these with Ethereum’s ongoing issues with scalability and gas fees. Notably, the latest update emphasizes a maturing institutional perspective that encourages companies to diversify treasury assets, incorporating Solana alongside established assets like Bitcoin and Ethereum to optimize for specific business needs. However, Cantor Fitzgerald also notes persistent risks, including volatility, regulatory uncertainty, and past network outages. For crypto traders, this high-profile endorsement is likely to boost sentiment and could contribute to increased adoption, liquidity, and long-term market stability for SOL and related tokens, especially if corporate treasury adoption gains momentum.

Strategy, formerly known as MicroStrategy, has made another major Bitcoin purchase, investing $1.05 billion to acquire 10,100 BTC between June 9 and 15 at an average price of $104,080 per coin, according to a recent SEC filing. This brings the company’s total Bitcoin holdings to approximately 592,100 BTC, representing about 2.8% of the total supply and valued at over $63 billion. The average acquisition cost is $70,666 per Bitcoin, resulting in an unrealized profit close to $21 billion. This aggressive accumulation was funded through the issuance of three types of perpetual preferred shares—STRK, STRF, and STRD—with STRD featuring a 10% fixed annual yield and raising $1 billion in its latest issuance. These moves are part of Strategy’s "42/42" plan, which aims to raise up to $84 billion by 2027 for continuous Bitcoin investment. Notably, other companies such as Tether’s Twenty One Capital, Trump Media & Technology Group, GameStop, and Japan’s Metaplanet have also increased Bitcoin exposure recently, raising concerns among some analysts about market concentration and systemic risk. Nevertheless, Strategy Chairman Michael Saylor maintains a strong outlook, stating the capital structure is robust enough to survive even if Bitcoin prices drop 90% and remain flat. Bernstein analysts also noted Strategy’s low debt and lack of major repayment pressure before 2028, supporting the company’s financial health. The news comes amid continued geopolitical tensions and before the Fed’s policy decision, contributing to short-term market volatility. Long-term, large institutional buying is seen as bullish for Bitcoin, but immediate macro risks may sustain volatility.

Tron is entering the U.S. public market through a $210 million reverse merger with the NASDAQ-listed SRM Entertainment, which will be rebranded as Tron Inc. This move shifts SRM from the toy sector to blockchain, allowing investors direct equity exposure to Tron’s blockchain payment infrastructure—especially its dominant role in global stablecoin transactions. Tron currently handles over 50% of USDT and 30% of total global stablecoin flows, with a strong presence in emerging markets lacking robust banking systems. Unlike Circle, which issues USDC but does not control blockchain infrastructure, Tron both operates and profits directly from on-chain fees. This public listing, likened to Visa’s IPO in payment infrastructure, is designed to give institutional investors and equity holders a stake in global digital payment growth. Additional investment includes $100 million in private equity tied to Tron’s founder Justin Sun. On-chain data confirms that large transactions dominate Tron’s network, underscoring its role as a primary stablecoin payment rail. Although initial TRX price reaction was modest (up 2%), the listing signals enhanced regulatory legitimacy and potentially increased liquidity for TRX. Eric Trump has denied management ties to Tron Inc. Meanwhile, digital asset inflows hit $1.9 billion last week led by BTC and ETH, the US remains the biggest market, and new developments include Hong Kong’s first Solana treasury allocation and rising interest in altcoins like XRP and SUI. For crypto traders, these combined events may increase mainstream adoption, offer new equity investment routes, and drive continued institutional demand.

Metaplanet, a Japanese investment company, has rapidly increased its Bitcoin holdings to 10,000 BTC, overtaking Coinbase to become the seventh-largest public Bitcoin holder. The company recently acquired 1,112 BTC for $117.2 million, funded by a $210 million bond issuance. Since adopting this Bitcoin-focused treasury strategy—modeled after MicroStrategy—Metaplanet has completed at least 18 large acquisitions since April 2024. Its aggressive accumulation plan targets 210,000 BTC by 2027, approximately 1% of the total Bitcoin supply, potentially making it the world’s second-largest public BTC holder behind MicroStrategy. Metaplanet’s actions showcase the growing trend of public firms treating digital assets as strategic reserves, providing institutional investors and Japanese clients with tax-efficient exposure through zero-coupon bonds. The strategy has driven a 430% year-to-date surge in Metaplanet’s share price, with intraday spikes of over 25% and strong technical momentum, though indicators suggest possible overbought conditions. This move, alongside similar actions by companies like SharpLink and GameStop, highlights rising corporate adoption of crypto treasury management in Asia and beyond. The ongoing corporate accumulation of Bitcoin is expected to boost both short- and long-term demand and price stability, although increased volatility remains likely.

Canada has made a landmark move by granting Purpose Investments regulatory approval to launch the first spot XRP ETF, set to debut on the Toronto Stock Exchange under the ticker XRPP on June 18, 2025. This ETF allows investors to gain direct exposure to XRP through registered accounts such as RRSPs and TFSAs, offering notable tax advantages for Canadian residents. Following the announcement, XRP’s price surged nearly 7%, with trading volume jumping 110% to over $3.45 billion and open interest climbing to $4.34 billion, signaling robust trader interest. Network data shows increased activity and whale accumulation, pointing to growing engagement in XRP. This regulatory step strengthens Canada’s position as a proactive leader in crypto innovation, especially as Purpose Investments also pioneered the first Bitcoin ETF in North America. The approval from the Ontario Securities Commission is seen as an institutional endorsement of the crypto market’s maturity, likely to enhance investor protection and attract more retail and institutional participants. Furthermore, Canada’s move intensifies pressure on US regulators, especially as large asset managers like BlackRock eye similar products contingent on clearer regulations. Experts believe this milestone could pave the way for global adoption of XRP and other spot crypto ETFs, accelerating mainstream crypto integration into traditional financial portfolios.

Renewed geopolitical risks, particularly escalating tensions between the US and Iran, have heightened market uncertainty and caused volatility in traditional equities. Against this backdrop, former President Donald Trump’s public endorsement of Bitcoin has driven significant inflows and price surges for both Bitcoin (BTC) and Ethereum (ETH). Trump’s pro-Bitcoin stance is seen as a pivotal moment for US crypto regulation and adoption prospects, strengthening the perception of cryptocurrencies as safe-haven assets. Despite market jitters, both BTC and ETH have shown notable resilience, outperforming other sectors and attracting renewed investor confidence. DeFi-focused altcoins have also performed strongly during this period. Analysts highlight the importance of tracking key support and resistance levels for both Bitcoin and Ethereum, as daily closes above these points could signal further upward moves. The combination of political support and global instability is shifting investor focus toward decentralized assets, potentially solidifying crypto’s role in diversified portfolios. Traders are advised to remain vigilant amid ongoing uncertainty, balancing strategic opportunities with caution as external shocks may trigger rapid market movements.

US Bitcoin exchange-traded products (ETPs) and spot ETFs recorded record net inflows, with $1.9 billion seen last week and $1.37 billion entering between June 9 and 13, reversing prior outflows. This surge in institutional and long-term investor confidence came as Bitcoin’s price surpassed $106,000, driven by renewed risk appetite. At the same time, Ether-linked ETPs also experienced their strongest inflows since February. Notably, the Bitcoin Pepe project maintained presale momentum despite broader market volatility, reflecting an appetite for both technical innovation and meme-driven narratives. However, the bullish sentiment in spot and ETF markets contrasted with caution in the derivatives sector: Bitcoin futures open interest fell by nearly 10% since June 10, suggesting traders are reducing leverage or hesitating due to market uncertainty. This divergence highlights a mixed outlook—while institutional inflows remain strong, short-term traders are wary of volatility and possible corrections. In summary, the uptick in ETF and ETP inflows is a positive sign for Bitcoin’s institutional adoption, but sustained bullish momentum relies on Bitcoin defending key price levels and broader market confidence.

The cryptocurrency market is experiencing increased volatility due to escalating geopolitical tensions between Israel and Iran. Bitcoin (BTC) has faced significant price swings, with short-term selling pressure intensifying as risk aversion rises among investors. Early in the Asian trading week, BTC hovered near $105,000, driven by dominant short positions and aggressive hedging, as shown by QCP data. Over $1 billion in leveraged positions were liquidated across the market, including the closure of a $200 million long position on Binance. Despite the turbulence, institutional investors continue to accumulate BTC, but at a slower pace than in previous bull runs. Ethereum (ETH) is displaying resilience, stabilizing near $2,500 and receiving continued institutional inflows, which have helped drive a 2% price increase. ETH supply on major exchanges has hit an eight-year low, signaling potential for further upward movement toward $2,700 if current trends persist. Meanwhile, the Solana (SOL) ecosystem surged, benefitting from ETF narratives and volatility in other tokens, with SOL gaining 7.3% and related projects posting strong returns. Bybit announced a June 30 test launch for Byreal, a new Solana-based decentralized exchange that merges the benefits of centralized exchanges with DeFi transparency. In contrast, tokens like ZKJ and KOGE suffered severe losses—ZKJ plunged over 83% on Binance Alpha, leading to significant market liquidations and a sharp drop in platform trading volumes. Regulatory developments are also in focus, with the U.S. Senate preparing to vote on the stablecoin-focused GENIUS Act and Vietnam moving toward legalizing crypto trading. At the same time, Asian stock indices posted gains, and safe-haven assets like gold and oil surged on Middle East tensions and expectations of US Fed rate cuts. Looking ahead, traders should remain alert for further market volatility driven by geopolitical events, institutional flows, technological innovations (including potential Bitcoin upgrades like CTV), and upcoming token unlocks (ARB, ZK, APE), all of which could set the tone for price movements in the coming weeks.

Pakistan is accelerating its adoption of Bitcoin as a national reserve asset, marking a major shift from its previous cautious stance towards cryptocurrencies. Top government officials, including Finance Minister Muhammad Aurangzeb, recently met with MicroStrategy’s Michael Saylor, who agreed to provide strategic advice on implementing a Bitcoin reserve strategy and developing a digital asset policy framework. In parallel, Binance founder Changpeng Zhao (CZ) has been appointed as a strategic advisor, signaling strong engagement with global crypto leaders. Pakistan has established the Pakistan Digital Assets Authority and the National Crypto Council to regulate and foster the crypto sector. Plans are underway to set up a sovereign Bitcoin wallet, launch a national Bitcoin reserve, and allocate 2,000 megawatts of surplus electricity for Bitcoin mining and AI data centers. These initiatives reflect Pakistan’s ambition to modernize its tech and energy sectors, attract foreign investment, and position itself as a leading crypto-friendly emerging market. For crypto traders, Pakistan’s moves highlight growing global adoption of Bitcoin at the sovereign level, potentially boosting market sentiment and increasing BTC demand.

Gold has overtaken the euro to become the second-largest global reserve asset in 2024, now making up 20% of official reserves and trailing only the US dollar at 46%. This shift is fueled by record gold purchases from central banks, especially in emerging markets, as a hedge against geopolitical risks and dollar dependency. Amid escalating Middle East conflicts, gold prices have surged 30% year-to-date, nearing $3,450 per ounce, driven by uncertainty and inflation concerns. In contrast, Bitcoin, once called ’digital gold,’ has only gained 13% YTD and trades 5.3% below its May peak. Analysts note that during geopolitical turmoil, investors still prefer traditional hedges like gold, with Bitcoin behaving more like risk assets such as equities. The ’digital gold’ narrative is weakening as traders focus on Bitcoin’s volatility and liquidity. Upcoming Federal Reserve decisions on interest rates and inflation are being watched closely, as policy shifts could affect Bitcoin’s near-term momentum. In the short term, oil and gold are expected to continue decoupling from Bitcoin, reinforcing its role as a risk-on asset rather than a safe haven. For crypto traders, this highlights an evolving dynamic between traditional and digital assets that could lead to changing correlations and volatility in the crypto market.

On June 15, 2025, two major cryptocurrencies on the Binance Alpha platform—ZKJ (Polyhedra Network) and KOGE (48 Club DAO)—experienced a dramatic crash, with ZKJ tumbling by up to 84% and KOGE falling more than 60%. ZKJ’s market capitalization plunged by nearly $500 million within hours, largely due to significant liquidity withdrawals by whale investors and unusual on-chain activities tied to the ZKJ/KOGE trading pair. This resulted in cascading forced liquidations totaling over $99 million, severely impacting leveraged traders. Over 81% of all crypto liquidations in that period were attributed to ZKJ, with several traders losing more than $1 million each. Blockchain analysts suspect coordinated action among three large addresses, which exploited high trading volumes and removed liquidity, intensifying the crash. In response, Binance announced that, effective June 17, trading volume between Alpha tokens will no longer count toward Alpha Points, aiming to boost market fairness and reduce systemic risk. This event highlights the vulnerability of DeFi and points-based trading incentives to liquidity shocks and centralized token holding risks. Traders are urged to exercise heightened caution when engaging with lower-liquidity altcoins, as similar liquidity events may trigger sharp declines and force liquidations.

Bitcoin (BTC) has demonstrated strong bullish momentum, recently rebounding sharply after a brief dip triggered by Middle East geopolitical tensions. The price surged above $105,000 with a daily gain, reflecting continued market strength and increased trading volatility. New market insight reveals a growing trend among younger investors who now view owning a full bitcoin as a modern status symbol, supplanting traditional wealth goals such as homeownership. Bitwise’s Jeff Park highlights this shift, citing bitcoin’s global and apolitical allure, which is driving its appeal as a vehicle for financial independence and long-term wealth preservation. Technical analysis shows robust support in the $104,000 to $105,000 range, with substantial accumulation during recent market swings. Current consolidation above $105,470 signals potential further upside, with analysts targeting a move toward $106,000. The news also underscores a contrast between cautious short-term trading due to geopolitical risks and a strengthening conviction among younger, long-term investors. For crypto traders, the combination of technical strength, resilient recovery, and rising cultural appeal supports the outlook for sustained demand and possible continued price appreciation in the near term.

Texas Governor Greg Abbott has signed Senate Bill 21 (SB21), the Texas Strategic Bitcoin Reserve Act, authorizing the state comptroller to hold Bitcoin as a reserve asset via an external fund. To qualify, assets must have maintained a 24-month average market cap of at least $500 billion—currently only Bitcoin (BTC). The reserve aims to hedge against inflation and economic volatility, bolster state financial infrastructure, and signal institutional confidence in digital currencies. A five-member advisory committee, including three crypto experts and the comptroller, will guide management. Approved by wide margins in both legislative chambers, SB21 takes effect on September 1, 2025. Companion bill HB 4488 protects the fund from periodic treasury sweeps and secures its legal status even if no Bitcoin is purchased by summer 2025.

Nakamoto Holdings, backed by Trump crypto adviser David Bailey, closed a $51.5 million PIPE round in just 72 hours at $5 per share. The financing boosts its war chest to $763 million ahead of a Q3 2025 merger with Nasdaq-listed KindlyMD, approved by shareholders. Proceeds will primarily fund Bitcoin treasury purchases to rival MicroStrategy and Europe’s Blockchain Group, while covering working capital and general operations. Since launching its Bitcoin strategy in early 2025, Nakamoto joins 27 companies that added BTC to their balance sheets in June alone. Despite strong investor demand, analysts warn that a drop below $90,000 could trigger liquidations and dent market confidence. Traders should monitor Bitcoin reserve moves and potential volatility as Nakamoto expands post-merger.

Coinbase has obtained a passported Markets in Crypto-Assets (MiCA) license from Luxembourg’s CSSF, allowing it to offer crypto trading, custody, staking and token issuance services across all 27 EU and EEA member states without separate local approvals. The exchange plans to establish a regional headquarters and operations centre in Luxembourg, leveraging its favourable legal framework and financial expertise. This EU MiCA license positions Coinbase for seamless expansion into major markets such as France, Germany and Italy, bolstering institutional confidence, reducing operational complexity and enhancing market stability. Amid ongoing US regulatory uncertainty, Coinbase’s approval may set a new standard for other exchanges seeking cross-border growth.

On June 20, 2025, CoinMarketCap detected and removed a malicious JavaScript pop-up on its web portal that urged users to connect their crypto wallets. The leading cryptocurrency data platform issued an urgent security alert on X, warning users not to interact with the deceptive prompt or share private keys. CoinMarketCap confirmed the breach was limited to a front-end compromise, with no user credentials or funds at risk. Immediate remediation steps included clearing the malicious code, conducting an internal audit and reinforcing front-end security measures. Users are advised to clear browser caches, avoid suspicious prompts and follow official updates from CoinMarketCap. This swift response underscores CoinMarketCap’s commitment to platform security and aims to prevent potential phishing attacks.

Binance will list the DeLorean Motor Company’s native DMC token on its Alpha platform at 11:00 UTC and launch DMC futures contracts at 13:00 UTC on June 24, 2025. Supported by ambassador Sir Patrick Stewart, the partnership integrates DeLorean’s automotive heritage with blockchain innovation, focusing on digital collectibles and tokenized assets. No new capital raise is involved. Traders expect high initial trading volume and price volatility as liquidity and market access improve. Historical Binance listings of new tokens often see early price spikes followed by corrections, so short-term gains from the DMC token may be tempered by profit-taking. Regulatory scrutiny of Binance and sustained community engagement will determine DMC’s long-term performance.

Toncoin (TON) surged 40% on renewed Telegram-driven enthusiasm, but attention is now on Mutuum Finance. The DeFi lending protocol has quietly raised over $10.8 million in its Phase 5 presale at $0.03 per MUTM token, attracting more than 12,300 investors. Mutuum Finance combines Peer-to-Contract (P2C) and Peer-to-Peer (P2P) lending and plans to issue an overcollateralized USD-pegged stablecoin. It integrates Layer-2 infrastructure for fast, low-cost transactions. Users deposit assets like USDC, ETH, BNB or AVAX into liquidity pools and receive mtTokens that accrue interest automatically based on pool utilization. A portion of protocol revenue funds MUTM token buybacks and rewards mtToken stakers. The P2P model allows traders to set custom terms with tokens such as PEPE, DOGE or SHIB. Security is bolstered by a CertiK audit score of 80. Early investors could see up to 25× returns if MUTM reaches $0.75 post-launch. With a beta launch imminent, exchange listings planned and a $100,000 community token giveaway, Mutuum Finance is positioning itself as a scalable, yield-driven DeFi project with real utility.

A team of crypto strategists forecasts the first wave of crypto millionaires emerging by December 2025, driven by institutional adoption, DeFi expansion and high-growth tokens. They highlight six established coins—Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Polygon (MATIC), Polkadot (DOT) and Cardano (ADA)—underpinned by network upgrades, scaling solutions, Web3 integration and Bitcoin’s upcoming halving. Meanwhile, the early-stage meme coin XYZVerse (XYZ) has surged from $0.0001 to $0.003333 across 12 presale stages, raising over 70% of its $15 million goal and targeting a $0.10 listing price. XYZVerse’s tokenomics allocate 15% to liquidity, 10% to community rewards and 17.13% to deflationary burns, bolstered by partnerships with decentralized sportsbook Bookmaker.XYZ and an Ambassador Program. Traders are advised to accumulate positions gradually through dollar-cost averaging, monitor protocol milestones and manage risk. With on-chain applications launching and market capitalization rebounding, these projects blend established networks with high-growth potential for substantial upside by late 2025.

A major Ethereum whale (0x7055) has again leveraged DeFi borrowing to increase its ETH holdings. Four hours ago, the whale borrowed $10 million USDC from Aave and used it to purchase 4,170 ETH at an average price of $2,400 per token. This follows a $86.79 million USDC acquisition on June 12, when the whale bought 31,458 ETH at around $2,759 each. The repeated strategy of borrowing USDC highlights the trader’s bullish outlook on ETH and willingness to use DeFi protocols to amplify buying power. Such large-scale whale moves can signal growing market confidence but may also increase short-term volatility in the ETH market as leveraged positions adjust to price swings.

Dogecoin (DOGE) has completed its Wave 2 correction, according to TradingView analyst HodlAhmad’s Elliott Wave count, which identified a WXY pattern and ABCDE triangle. He forecasts the start of Wave 3 with targets at $1.99 (2.618 Fibonacci) and $2.72 (3.618 Fibonacci), recommending an entry zone between $0.154–$0.172 and a $0.110 stop loss for a 32:1 risk-reward setup. Meanwhile, price action around $0.17 remains muted, with 24-hour gains of just 1% and a 30% drop in volume to $678 million. Crypto analyst Ali spots a symmetrical triangle since early 2024, set to resolve by mid-2025. A daily close above $0.22 could trigger a 60% breakout toward $0.35–$0.36, while a breach below $0.16 risks a sell-off to $0.10. Digital Coin Price adds a year-end peak forecast of $0.37 and a retest of $0.74. Traders should watch DOGE price, volume confirmation, Fibonacci levels and triangle trendlines to position for potential rallies.

Ethereum’s upcoming scalability upgrade has reignited DeFi and staking interest, driving traders toward high-potential altcoins—led by MAGACOIN FINANCE. Currently in presale at under $0.01, MAGA boasts transparent tokenomics, a completed HashEx audit, competitive staking incentives and a PATRIOTS100X bonus code for early buyers. Analysts project exponential upside once listings begin. Meanwhile, Ethereum (ETH) trades near $2,800 with forecasts of $3,400–$3,800 as institutional inflows accelerate. XRP consolidates around $0.54 ahead of a critical Ripple vs. SEC ruling and ETF speculation. TRON (TRX) holds above $0.28, eyeing $0.31 by month’s end, while Sei (SEI) has surged 23% to $0.56 on rising developer adoption of its high-performance DeFi platform. Established altcoins like Polygon (MATIC), VeChain (VET), Injective (INJ) and Polkadot (DOT) maintain use cases but lack fresh momentum. With major caps consolidating, MAGACOIN FINANCE’s structured tokenomics and staking-led demand position it as a high-reward play for traders seeking asymmetric returns.

Coinbase has obtained one of the first Markets in Crypto-Assets (MiCA) licenses from Luxembourg’s financial regulator (CSSF) and established a new European headquarters in Luxembourg City. Under MiCA rules, the exchange can now offer fully regulated crypto trading, custody and staking services across all 27 EU member states. The firm plans to roll out fiat on-ramps, stablecoin transactions and other services by mid-2024. This move reduces legal uncertainty, boosts institutional and retail investor confidence, and positions Coinbase to serve about 450 million EU users. Enhanced regulatory clarity is expected to strengthen Coinbase’s market share and drive wider adoption of its products in Europe.

Ruvi AI (RUVI) has raised over $1.9 million and sold 160 million tokens in its presale. Priced at $0.015 in Phase 2 and locked at $0.07 post-sale, the utility token delivers an instant 5× gain. Analysts now favor Ruvi AI over Dogecoin (DOGE) for the upcoming bull run, forecasting a potential 13,500% ROI as RUVI could reach $1 after listing. VIP tiers offer bonuses up to 100%, boosting token allocations for larger contributors. Security is ensured through a CyberScope audit and a post-sale liquidity partnership with WEEX Exchange. With real-world blockchain and AI applications in marketing, entertainment, and finance, Ruvi AI’s transparent model and structured growth make it a high-potential investment for crypto traders.

Bitcoin fell below the key $104,000 support level, trading around $103,910 before plunging from above $106,000 to under $103,000 during U.S. hours. The break of support reignited selling pressure as automated sell orders hit, dragging major altcoins lower. Ethereum’s ether (ETH) dropped 4.5% in 90 minutes, while Solana (SOL), Dogecoin (DOGE) and Cardano (ADA) slid 3–5% amid a surge in trading volume. According to CoinGlass, roughly $450 million in crypto derivatives were liquidated—over 85% from long positions. No single external catalyst emerged, though macro risks like the Israel–Iran conflict weigh on sentiment. Bitcoin remains range-bound between $100,000 and $110,000, underscoring heightened volatility. Traders are advised to employ risk management strategies and monitor on-chain metrics, support levels and global economic indicators to navigate potential further sell-offs.

Coinbase has obtained a Markets in Crypto-assets (MiCA) license from Luxembourg, allowing the exchange to passport its custodial wallet, trading, custody and staking services across all 30 European Economic Area countries. Luxembourg’s robust blockchain framework and recent legislative measures were key factors in choosing it as Coinbase’s European hub. As the fifth-largest crypto exchange by volume, Coinbase gains regulatory clarity ahead of MiCA’s full enforcement on June 30, 2024. The firm plans to expand product offerings, strengthen compliance processes and onboard new retail and institutional clients. Analysts say this move could boost customer confidence, drive trading volumes and set a benchmark for other exchanges seeking EU market access.

Ethereum price is consolidating between $2,400 support and $2,800 resistance after recent rallies, forming an ascending channel capped by the 200-day EMA and a February order block. Momentum indicators like the RSI remain neutral, while the 4-hour chart shows consolidation below the 0.5–0.618 Fibonacci zone ($2,600–$2,700). A break above $2,700–$2,800 could trigger a bullish move toward $3,000, whereas a drop below $2,400 risks sliding to $2,150. On-chain data confirm long-term accumulation: exchange reserves have fallen to 18.8 million ETH, stablecoin supply shifts and bridged netflows point to fresh capital inflows, and smart money (1K–10K ETH holders) continues to buy. Institutional reserves now exceed $3 billion across 38 entities, and ETH ETF inflows remain positive. A liquidation heatmap at $2,400 highlights potential for a short squeeze. Technical patterns—a descending triangle on ETH/BTC and an ascending triangle on ETH/USD—suggest a breakout that could propel Ethereum beyond $8,000, especially if SEC approval of ETH staking spurs further institutional demand.

Elon Musk’s X is rolling out an AI-powered crypto trading and investing service through its upcoming X Money wallet, set to launch later this year in partnership with Visa. Integrated with the Grok AI assistant, the platform will let users buy and sell cryptocurrencies, track wallets, copy influencers’ trades and access real-time market analysis—all within the social app. With over 550 million users and support for blockchains like Solana, TON and Arbitrum, X aims to undercut fees on Binance, Coinbase and Robinhood, plus introduce peer-to-peer payments, tipping, and potential native tokens such as $GROK or $XCOIN.

On June 18, Iran’s largest crypto exchange suffered a massive Nobitex hack that drained and burned nearly $90–100 million in BTC, ETH, DOGE, XRP, SOL, TRX and TON. Analysts point to a political motive after stolen funds were sent to a burn address. Nobitex moved remaining assets to new cold wallets and the Central Bank of Iran imposed trading hours from 10 AM to 8 PM. Meanwhile, the US Senate passed the GENIUS Stablecoin Act by a 68–30 vote, setting up the first stablecoin regulatory framework expected to take effect by early 2026 upon further approval. In DeFi markets, Nasdaq-listed Eyenovia raised $50 million to acquire and stake over 1 million HYPE tokens and will rebrand as Hyperion DeFi (HYPD). Tron (TRX) confirmed a $210 million SPAC merger with SRM Entertainment, including $100 million earmarked for TRX buybacks. Japan’s Metaplanet boosted its Bitcoin holdings above 10,000 BTC. Looking ahead, the Bank of Korea will meet on won-pegged stablecoins next week, and Nigeria’s new SEC stablecoin marketing rules take effect June 30, requiring VASPs and influencers to obtain approval.