Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Antpool, one of the largest Bitcoin mining pools, recently moved 2,009 Bitcoins, valued at approximately $168 million, to unknown wallet addresses. These transactions sparked speculation about a potential miner sell-off, which could put downward pressure on Bitcoin’s price. In a more recent development, Whale Alert reported that 1,050 Bitcoins, valued at approximately $87.9 million, were transferred to Antpool from an unknown wallet. This inflow could indicate strategic shifts in Bitcoin holdings or preparations for large-scale mining activities. Traders are closely monitoring these movements to evaluate potential changes in Bitcoin mining power distribution and their effects on market dynamics.

On April 14, a meeting between US President Donald Trump and El Salvador’s President Nayib Bukele at the White House centered on trade and immigration topics. Despite both leaders’ favorable positions on cryptocurrency, Bitcoin discussions were absent. This is notable as El Salvador made Bitcoin a legal tender in 2021 and has continuously increased its Bitcoin holdings to over 6,147 BTC. The absence of Bitcoin from the talks could be due to pressure from the IMF on El Salvador to limit its Bitcoin usage, while the US holds a substantial amount of Bitcoin mostly from asset seizures. The event underscores that cryptocurrency, although increasingly important globally, may not necessarily be a focus in diplomatic exchanges.

Sony Electronics Singapore has entered into a strategic partnership with Crypto.com to allow payments using USD Coin (USDC) on its online platform. This collaboration marks Sony’s initial step into cryptocurrency acceptance, aimed at expanding digital payment options in Singapore. The integration is facilitated through Crypto.com Pay, enabling seamless transactions using the stablecoin USDC for secure and efficient processing. The move exemplifies the increasing trend of major companies incorporating cryptocurrency solutions to enhance customer convenience and expand their payment ecosystem. This initiative by Sony may encourage similar adoption among other corporations, reflecting a broader shift towards digital finance.

BlackRock’s Head of Digital Assets, Robbie Mitchnick, alongside other financial experts like Arthur Hayes from BitMEX, suggest that a potential U.S. recession could trigger a rally in Bitcoin and cryptocurrencies due to factors such as lower interest rates and increased fiscal spending. This forecast is supported by a Coinbase report predicting crypto market recovery by Q2 2025 amidst recessionary conditions. Investors are advised to monitor tokens such as BTC Bull Token ($BTCBULL), Meme Index Token ($MEMEX), and PancakeSwap Token ($CAKE), which may benefit from a market upswing. Historical economic trends suggest volatile shifts with an influx of liquidity possibly supporting digital assets, noting especially that Bitcoin tends to outperform altcoins under economic pressure.

Analysts foresee a downturn for both Binance Coin (BNB) and Cardano (ADA) in early 2025, with BNB facing a 12% drop and Cardano falling by 5.95%, amidst crucial resistance and support levels that pose trading challenges. On the other hand, the altcoin Remittix (RTX) is gaining momentum, addressing inefficiencies in traditional banking through rapid and affordable cross-border payment solutions. RTX’s ongoing presale is drawing substantial investor interest, with a token price at $0.0567 and expectations of an 800% surge before launch and a potential 5,000% increase post-listing. Having raised over $11.3 million in presales, RTX represents a shift toward utility-focused crypto investments, contrasting the struggles of meme coins like Dogecoin.

The US Securities and Exchange Commission (SEC) has repealed Staff Accounting Bulletin No. 121 (SAB 121), which required financial institutions to treat customer-held digital assets as liabilities. This move, backed by SEC Commissioner Hester Peirce, aims to create a more crypto-friendly regulatory environment, reducing compliance costs and fostering innovation. Meanwhile, Preston Pysh argues for the benefits of SAB 121 over merely holding Bitcoin reserves. He highlights its potential for greater transparency and risk management, advising companies to integrate Bitcoin within a robust auditing framework to enhance adoption in corporate treasuries. This development reflects a broader trend towards reconciling crypto integration with established regulatory practices, potentially impacting both the cryptocurrency market and traditional financial sectors.

Solana faces increasing competition despite its stronghold with a $92 billion market cap. Emerging blockchains like SUI, Fantom, and DTX Exchange are poised to challenge its dominance by 2025. SUI Blockchain offers rapid sub-second finality and unique Move language features, achieving a market cap over $15 billion. Fantom has rebounded with a recent 7.8% price increase due to strategic token migrations, while DTX Exchange introduces groundbreaking trading options with high leverage and zero commissions, aiming to disrupt existing frameworks. These developments indicate a potential shift in the blockchain market landscape, influencing trading strategies and market dynamics.

A large withdrawal of 529,000 Chainlink (LINK) tokens has attracted significant attention due to its potential impacts on price and market dynamics. This event raises concerns over market volatility and motives behind significant token movements. Concurrently, DOGEN, a meme-based cryptocurrency, surged by an impressive 5,000% post-launch, driven by community enthusiasm and a unique referral program, depicting contrasting investor sentiment in the crypto market. While LINK withdrawals pose questions about its short-term price stability, Chainlink’s core technology continues to attract interest for its role in connecting blockchains with real-world data. The longevity of LINK’s prospects is linked to the growing demand for dependable data in decentralized applications. Meanwhile, DOGEN’s rapid price increase is primarily fueled by market hype and community backing. Traders should monitor these developments, considering the speculative valuation of DOGEN and the broader implications for LINK. The assets’ future paths will hinge on overall market trends, community support, and blockchain ecosystem demands.

Recent developments in the Solana market indicate a strong confidence among investors, particularly with an increase in long-term holders despite a recent price correction. According to Glassnode, the new long-term holders in the 6-12 month range now control 27% of Solana’s supply, suggesting a bullish sentiment as they show less inclination to sell. Meanwhile, the previous long-term holders who entered during the 2021 bull market have decreased their holdings from 48% to less than 5%, possibly completing their profit-taking phase. Solana’s trading price is around $219.9, and analysts remain optimistic, predicting further rallies and a potential price target of $500 by Q1 2025, according to VanEck. This shift in holder demographics could reduce selling pressure, enhancing Solana’s potential for continued gains in the market.

Amidst the political instability in South Korea, TRON (TRX) has witnessed a substantial price surge and increased market presence. The potential declaration of martial law has intensified interest in TRON, given its significant adoption and transaction volumes in the region. The blockchain platform’s robust infrastructure and strategic local partnerships are perceived as advantages, positioning it to capitalize on market uncertainties. This development highlights how geopolitical factors can influence market sentiment and cryptocurrency valuations. Investors are keenly observing TRON’s performance as its stability and network strength make it an attractive asset during these uncertain times, reflecting the broader impact of geopolitical events on the crypto market.

The U.S. Department of Justice, with the FBI, has launched an investigation into Polymarket and its CEO Shayne Coplan, focusing on the platform’s election betting activities and predictions about Donald Trump’s victory. The raid on Coplan’s home and subsequent probes heightened suspicions of potential political motivations. Polymarket, denying allegations of rigged polls, asserts its role as a transparent market. This development unfolds as the crypto market shows bullish trends with significant Bitcoin and Ethereum price increases. In parallel, Donald Trump has nominated pro-Bitcoin Matt Gaetz for Attorney General, and Caitlyn Jenner faces a lawsuit over unregistered memecoin promotion. These events highlight a complex interplay of cryptocurrency, politics, and market speculation, potentially influencing trader decisions.

Recently, Dogecoin (DOGE) has been drawing attention due to significant price movements and patterns reminiscent of Bitcoin’s performance in 2015-2016. Veteran trader Peter Brandt has identified these similarities, suggesting a possible similar trajectory to Bitcoin’s 2017 rally. The recent price surge has been notably driven by retail traders, with an increase in smaller DOGE holders and a decrease in large holders. These patterns align with Dogecoin’s historical cycles of substantial gains following a higher monthly close. Meanwhile, social media interest has been bolstered by Elon Musk due to his involvement in political contexts. If these patterns hold, there is potential for Dogecoin to see strong growth by 2025, nonetheless, recent price corrections from highs indicate caution is needed. Traders should watch these developments for impacts on both Dogecoin and related meme coin markets.

Lekker Capital, led by Quinn Thompson, profited significantly from the unexpected victory of Donald Trump in the 2024 U.S. presidential election. Initially, Bitcoin’s price was influenced by Trump’s political standing, but as Joe Biden exited the race and Kamala Harris became the Democratic nominee, focus shifted to broader economic indicators. Under Thompson’s guidance, strategic investments in Solana (SOL) and AI-related Bitcoin miners such as Core Scientific, Hut 8, and HIVE surged after Trump’s win. The market shows optimism for a crypto-friendly government, leading to Bitcoin reaching new highs. The hedge fund’s macro-driven strategy successfully capitalized on market movements despite some missed early profit opportunities, showcasing the potential in contrarian investment strategies during politically volatile times.

The historical accuracy of the S&P 500 in predicting U.S. presidential election outcomes is discussed alongside its potential implications for the upcoming elections involving Kamala Harris and Donald Trump. The index has predicted 83.3% of election outcomes correctly since 1928. If the index continues its upward movement, it could indicate a potential victory for Harris. However, skepticism exists regarding the reliability of such predictions today due to influences from tech giants and Federal Reserve policies. Bitcoin trends post-election are also considered, noting price surges following previous elections. Recent historical data show both the S&P 500 and Bitcoin generally engender upward trends in November and December post-elections, except during economic downturns in 2000 and 2008. Bitcoin’s market dominance has reached a two-year high at 60%, suggesting a strong presence and indicating either a bull market onset or increased market anxiety. Traders should remain cautious and not over-rely on historical patterns due to current economic uncertainties.

Bitcoin mining is experiencing declining profitability due to rising operational costs and environmental challenges, despite an increase in Bitcoin’s fiat price. September marked the third consecutive monthly decline in miners’ daily revenue and gross profit, dropping by 6%. Contributing factors include rising operational costs, noise pollution complaints from neighboring communities, and disruptions caused by natural disasters such as Hurricane Helene. Some mining companies, including CleanSpark and Riot Platforms, have seen share price declines and are adapting by shifting operations to AI and HPC data centers or directly purchasing Bitcoin. Legal disputes, like NewRays’ lawsuit, have arisen due to local resistance against mining noise and perceived foreign involvement. Additionally, fraudulent schemes, like those involving Green United LLC, face SEC legal action. The industry is also grappling with environmental criticisms and new regulations targeting noise mitigation.

The U.S. Securities and Exchange Commission (SEC) has approved BNY Mellon’s proposal to expand its crypto custody services beyond existing ETF offerings. BNY Mellon currently manages over $2 trillion in crypto assets and has received a regulatory ’no-objection’ to hold Bitcoin (BTC) and Ethereum (ETH) without listing them as balance sheet liabilities. This approval allows BNY Mellon to further extend its custody services to a broader range of digital assets. SEC Chair Gary Gensler has emphasized that the custody structure is applicable across different crypto assets. This move enhances BNY Mellon’s competitive position within the rapidly growing crypto custody market, currently valued at $300 million and expanding at an annual rate of 30%. The strategic expansion is designed to attract institutional clients by offering secure, separate custody of digital assets. This development potentially sets a precedent for other banks to follow similar models, aiming for enhanced regulatory compliance and customer protection.

Bitcoin has been struggling since its peak above $73,000 in March 2024, currently down 22.7%, raising concerns about a potential bear market. Analysts from IntoTheBlock highlight several factors impacting the market, such as a cautious macroeconomic environment, investor recession fears, and a potential Federal Reserve rate cut. They suggest similarities between current market conditions and 2019, a period of prolonged consolidation before a bullish phase. Data shows a decline in investor interest and engagement, with outflows from Bitcoin ETFs and lower Google search trends. Despite the challenges, there may be a post-halving dip similar to 2019 before a potential recovery, but uncertainties regarding near-term market conditions remain. Traders are advised to maintain an open mind as historical patterns don’t guarantee future performance.

The Philippine Securities and Exchange Commission (SEC) has finalized its crypto-asset service provider (CASP) regulations, set to take effect on May 30, 2025. The new rules significantly broaden the scope of what qualifies as ’marketing’ within the crypto sector, now including almost all public communications—such as social media, educational content, events, advertisements, and airdrops. The expanded definition aims to curb scams and misleading promotion, particularly from fraudulent influencers or educators. The regulations require that certain crypto content may need formal registration, impacting influencers, educators, and businesses who receive any form of compensation. Industry leaders recognize the need for clearer transparency and comprehensive consumer protection, but are concerned that genuine educational efforts might face compliance hurdles if remunerated. The new rules further clarify exemptions, impose stricter liability, and demand greater transparency and risk disclosure. Both local and international exchanges, startups, and event organizers will face stricter compliance obligations. Market participants are advised to regularly assess activities and ensure ongoing compliance with emerging legal standards, as the updated framework signals a shift toward mass adoption with increased regulatory oversight.

Cardano (ADA), HYPE token, and BlockDAG (BDAG) are drawing strong attention from crypto traders amid notable market movements. Cardano has entered a critical technical ’golden zone’—historically associated with major bull runs—reclaiming over 1% of the total crypto market capitalization and benefiting from increased institutional interest and bullish momentum. ADA is eying a breakout toward the $1.00 level with rising optimism among investors. Meanwhile, Hyperliquid’s HYPE token surged 15% following its Binance US listing announcement, totaling an 81% gain over the past month. The HYPE price is currently near $37.77, with analysts watching for a move past the $39 resistance, which could propel the token toward $50, supported by increasing futures open interest and trading activity. BlockDAG’s X1 Miner App is gaining impressive adoption, surpassing 1.5 million users who can mine BDAG tokens easily via smartphones. The BDAG presale has distributed 22.1 billion tokens, amassing $291 million to date, with the price reset to $0.0018 until June 13. Some analysts forecast BDAG could reach as high as $5, citing its accessible mining technology as a key growth driver. These developments position ADA, HYPE, and BDAG as essential tokens to watch, each offering strong momentum and diversified trading opportunities in the current altcoin market.

Bitcoin’s long-term holding (hodling) behavior has reached new heights in 2025, underpinned by strong conviction among long-term holders and major institutional investors embracing Bitcoin as a macro asset. Over 70% of Bitcoin’s circulating supply has remained unmoved for more than a year, a trend propelled by robust inflows into spot Bitcoin ETFs—such as BlackRock’s IBIT attracting $7 billion in 2025—and growing allocations from wealth funds. Metrics from Glassnode and Checkonchain reveal that accumulation is especially strong among both retail wallets (less than 1 BTC) and mid-sized holders (10–100 BTC), with aggressive buying activity and an accumulation score hitting peak levels. Long-term holders’ net position soared to 847,200 BTC, up from 698,000 BTC in just a week, historically creating tighter supply and upward price pressure. Simultaneously, more than 94% of total Bitcoin supply has been mined, further boosting scarcity. While the market has seen consolidation between $104,000 and $107,000, limited broad market participation remains. Analysts, including those from ARK Invest and Fidelity, maintain a bullish outlook with forecasts of stronger price rallies, though challenges such as regulatory scrutiny, energy concerns, and competition from other digital assets and tokenized Treasuries persist. Advances in custody, automation, and yield tools have also made long-term holding more secure and accessible. For crypto traders, these developments signal a structurally bullish setup for Bitcoin, contingent on renewed broader market engagement.

Husky Inu (HINU), a meme coin, has shown remarkable resilience and upward momentum amid broader volatility in the cryptocurrency market. Its price has climbed to $0.00017889, moving in tandem with Bitcoin (BTC), which recently surged past the $107,000 mark. This performance has drawn the attention of crypto traders who are keenly monitoring altcoin trends during Bitcoin’s heightened volatility. Market analysts attribute HINU’s strength to robust community engagement, growing investor interest, increased trading volumes, and positive social media sentiment. The rally in HINU underscores rising speculative interest in meme coins, as traders seek short-term opportunities aligned with Bitcoin’s market leadership. Technical indicators point towards a possible breakout past resistance levels, but traders are also cautioned about the inherent risks and high volatility associated with meme tokens. As enthusiasm rises across the digital asset space, both established and emerging cryptocurrencies are experiencing renewed optimism, though proper risk management remains crucial.

Binance Coin (BNB) is showing strong bullish sentiment as it approaches and trades above critical resistance levels near $650. Initial analysis identified a potential rally if BNB could secure a daily close above $651.51, which would open the door to further gains and possibly sustain a positive trend. Recently, significant inflows totaling $4.60 million outpaced outflows, reflecting growing investor confidence. Over 62% of BNB/USDT traders are positioned long, bringing the long/short ratio to 1.64, and indicating a crowding of bullish bets. This setup increases the chance of a rapid upward price move via a short squeeze, especially as many short positions between $623 and $639 become vulnerable with BNB now trading above $649.7. Despite a 42% drop in overall derivatives volume, options open interest has surged by 12.29%, signaling traders are preparing for heightened volatility. Persistently negative funding rates indicate ongoing pressure on short-sellers, supporting the likelihood of a short squeeze. While the immediate outlook favors a bullish breakout, risks include the potential for sudden reversals if long positions unwind, and possible consolidation following sharp gains. Traders should closely monitor volume and price action, employ sound risk management, and be mindful of crowding in the long trade as BNB enters a potentially volatile phase.

Bloomberg Intelligence’s Mike McGlone warns that Bitcoin may underperform gold into 2025 and could struggle to surpass the $100,000 resistance, possibly marking a long-term price ceiling for BTC. McGlone argues that excessive crypto market speculation has peaked, while an oversupply of cryptocurrencies is diluting Bitcoin’s value, increasing downward price pressure. He notes that Bitcoin recently reached a valuation 33 times higher than gold, possibly signaling overvaluation—especially if U.S. equities decline. Gold’s strong performance and the global shift to safer assets highlight a risk-off investor sentiment. McGlone projects gold could rally to $4,000 per ounce while Bitcoin could drop to $40,000, narrowing the value gap. However, other analysts, including those from JPMorgan and Fundstrat’s Tom Lee, present a more optimistic outlook and believe Bitcoin may still outperform gold in late 2024. Crypto traders are advised to monitor changing market sentiment, macroeconomic signals, and asset allocations as safe haven demand strengthens and speculative capital contracts.

The International Monetary Fund (IMF) has raised concerns about the growing influence of stablecoins like USD Coin (USDC) on financial stability and central bank control in emerging markets. IMF Deputy Director Gita Gopinath noted that increased stablecoin adoption and new listings, such as USDC on the New York Stock Exchange, have complicated monetary policy for developing economies. Stablecoin circulation has risen sharply, with total issuance reaching $250 billion and $2 trillion in transaction volume over the past month—a 44-fold increase since 2020. While current stablecoin transaction flows in markets such as India, Brazil, Thailand, UAE, and Indonesia represent just 5.9% of global activity, some regions like Nigeria are experiencing rapid adoption. Experts are divided on the risks: some foresee destabilizing effects and weakened capital controls, while others believe stablecoins could enhance local banks’ capacity for cross-border payments rather than undermine local currencies. The IMF recommends robust regulatory oversight and closely monitoring stablecoin usage. Comprehensive regulations are anticipated in August, leaving the long-term impact on emerging market financial systems uncertain. For crypto traders, this situation presents both risks and opportunities: while increasing adoption of stablecoins could boost their utility and market integration, regulatory uncertainty and potential policy shifts may introduce volatility. Traders should closely monitor regulatory developments, especially in emerging markets, as they could influence the demand and price movement for major stablecoins.

Russian cryptocurrency exchange Garantex, which was sanctioned for alleged money laundering and sanctions evasion, has continued to move large amounts of digital assets globally despite regulatory efforts. After being listed by US and EU authorities and facing a coordinated USDT freeze by Tether in March 2025, regulators from the US, Germany, and Finland collectively froze $27 million in Garantex’s assets. However, Garantex rapidly shifted operations, utilizing Ethereum, Bitcoin, and BNB networks, and leveraging mixers like Tornado Cash and cross-chain bridges to circumvent blacklists and sanctions. Some funds were bridged to Tron and transferred to Grinex — a platform considered Garantex’s successor. Within several weeks, Grinex moved roughly $1.6 billion through international exchanges, including flows into major regulated platforms. This exposes the limits of on-chain blacklist enforcement and reveals significant delays in Tether’s freeze response, alongside evolving techniques like rapid wallet rotation and shifting to less-regulated blockchains. Compliance experts are calling for enhanced real-time blockchain analytics and dynamic AML/KYC monitoring processes. For crypto traders, these developments spotlight ongoing weaknesses in sanction enforcement and the risks posed by mixers and cross-chain bridges, potentially impacting liquidity, risk profiles, and trading strategies on compliant exchanges.

A public feud between Elon Musk and Donald Trump has significantly impacted the cryptocurrency market, particularly the perfomance of Dogecoin (DOGE). Following sharp accusations and dramatic media coverage, Dogecoin dropped to $0.1770, losing 6% in 24 hours and 13% in one week. The high volatility underscores how meme coins like DOGE are sensitive to celebrity influence and market sentiment, often outweighing fundamentals. Technical support near $0.18 may offer a rebound opportunity, but trading remains risky. In contrast, KORI, a Solana-based memecoin officially endorsed by the real Kori TikTok account, surged over 700% since launching, achieving a $9 million market cap and attracting more than 3,000 holders. The success of KORI highlights a new trend—authentic, community-driven tokens leveraging verifiable influencer backing for momentum gains. For crypto traders, these events demonstrate the heightened importance of authenticity, social media engagement, and the unpredictability of celebrity-driven narratives in the volatile memecoin sector. The shift toward influencer-backed meme coins may set a new industry standard, but the market remains high-risk with rapid price swings.

The Nasdaq Composite index has seen a significant rally, surging 0.4% today and rising 10% over the past 30 days. With the index now trading near 19,500 and approaching its all-time high of 20,000, this marks its strongest performance since March 2020, erasing previous winter losses. In the cryptocurrency market, Bitcoin (BTC) remains stable with minimal price volatility, showing relative calm despite the strong momentum in U.S. equities. The increased correlation between traditional equities and digital assets means crypto traders should closely monitor stock market moves, particularly as institutional investment and mainstream adoption deepen this connection. No major announcements or significant changes have been noted for Bitcoin or other leading cryptocurrencies, indicating a period of subdued activity in the crypto space compared to stocks. This environment suggests traders should stay attentive to macroeconomic signals and cross-market correlations, as equity market rallies can influence liquidity and sentiment in digital asset markets.

PumpFun, a leading meme coin trading platform in the Solana ecosystem, has announced the launch of its own native token, sparking expectations of heightened speculative trading activity. This move reflects increasing innovation and competition within meme coin and DeFi platforms. Meanwhile, Ethereum (ETH) remains a dominant force in the crypto market, showcasing strong performance driven by renewed investor interest, increased on-chain activity, and anticipation for the upcoming ’Pectra’ upgrade aimed at enhancing efficiency and scalability. Separately, members of Donald Trump’s family have publicly denied owning or managing a high-profile cryptocurrency wallet previously linked to them, following widespread speculation regarding their digital asset holdings. These developments underscore three main trends: the evolving landscape of meme coin projects like PumpFun, Ethereum’s maintained leadership and network upgrades, and persistent regulatory and reputational scrutiny involving notable public figures. Crypto traders should watch PumpFun’s token for potential trading opportunities, monitor ETH’s leadership amid upcoming upgrades, and remain aware of political and regulatory risks impacting sentiment.

Blockchain analytics reveal that Satoshi Nakamoto, the anonymous creator of Bitcoin (BTC), now holds approximately $116.7 billion in BTC, outpacing Bill Gates and ranking as the 13th richest person globally. Nakamoto’s wallet, containing over 1 million BTC, has remained untouched since Bitcoin’s inception, reinforcing market confidence and Bitcoin’s decentralized ethos. Bitcoin’s total market capitalization has surged to $2.113 trillion, making it the world’s sixth most valuable asset, surpassing Alphabet and silver and trailing only gold, Nvidia, Microsoft, Apple, and Amazon. Analyst forecasts and institution participation underline BTC’s shift from a speculative asset to a mainstream investment vehicle and a hedge against inflation. On June 3rd, Bitcoin rebounded from $103,000 to $106,800 before stabilizing near $105,547, signaling robust investor confidence. The milestone highlights increasing institutional and mainstream adoption, and prompts discussions on regulatory impact and wealth concentration within the crypto sector.