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Гражданин России и Португалии Алексей Андрюнин, основавший компанию Gotbit, был приговорен федеральным судом Бостона к восьми месяцам тюремного заключения. Суд учел, что этот срок бизнесмен уже отбыл в предварительном заключении, и Андрюнина освободили из-под стражи в зале суда, передав под надзор правоохранительных органов до экстрадиции из США.

Charles Hoskinson has laid out the broad contours of what he calls a “decentralized sovereign wealth fund” for Cardano, arguing in a 18-minute livestream on 12 June that the network’s treasury should be actively managed, diversified beyond ADA, and ultimately expanded into a multi-asset portfolio worth at least a billion dollars. Speaking from Colorado, the Cardano founder said the chain’s current treasury—roughly 1.7 billion ADA, or about $1.2 billion at prevailing prices—is “nothing to laugh at,” yet remains a push-only pool funded by block inflation and fees with no yield-bearing instruments.

The Cardano Sovereign Wealth Fund

“What I’d like to see,” he explained, “is could we take about a hundred million worth of ADA in the treasury and convert it to a blend of a collection of stablecoins … and also convert some of it to Bitcoin to prime the Bitcoin DeFi.” That seed conversion, carried out gradually via time-weighted purchases, OTC desks, and iceberg orders, would—according to Hoskinson—barely ripple market depth, creating no more than “50 basis points worth of slippage.”

Hoskinson’s case rests on Cardano’s unusually thin dollar liquidity. On-chain, the network has just $33 million in stablecoins against roughly $330 million in total value locked, a ratio below 10 percent. Ethereum’s comparable figure, he noted, stands near 190 percent, while Solana is “about 110 percent.” Remedying that gap is critical both for user experience and for listings on “tier-two and tier-three exchanges,” which often require robust stablecoin volumes to support order-book depth.

The livestream migrated quickly from diagnosis to architecture. Hoskinson envisions a structure that mimics Norway’s or Abu Dhabi’s trillion-dollar sovereign wealth vehicles: a professionally managed fund directed by an elected oversight board, operating within a “BOR, or cybernetic, organization” that pairs smart contracts with an offshore management wrapper.

Yield—sourced from on-chain money markets, real-world-asset protocols, and Bitcoin-denominated DeFi—would flow back to the treasury, where it would be used to buy ADA and replenish the principal, creating a compounding flywheel. Over a five-to-ten-year horizon, he said, the program could “grow to a billion-dollar-plus stable-coin treasury and Bitcoin treasury to augment and enhance the ADA value we have.”

Governance remains the open question. Cardano’s community is still processing the chain’s first-ever budget vote—39 proposals totaling hundreds of millions in outflows—while rare-cohort delegates, or dReps, experiment with new on-chain voting tools. Hoskinson wants the sovereign fund proposal refined in time for Rare Evo, the ecosystem conference in August, so that it can be debated alongside a post-mortem constitutional update. He floated quadratic voting, anonymous ballots, and multiple administrator regimes as potential safeguards.

Some competition amongst administrators” would sharpen fiduciary discipline, he argued, while regulated asset managers—“the GSRs and the Jane Streets and the Brevan Howards of the world”—could execute trades without retail-exchange slippage.

Critics on social media have already warned that selling $100 million in ADA could swamp order books, but Hoskinson dismissed that view as “inexperience.” Cardano’s spot and derivatives venues regularly handle half-a-billion to a billion dollars in daily turnover, he said, and far larger blocks change hands off-screen through OTC channels. “ADA does not have a liquidity problem,” he insisted.

Beyond stablecoins, the plan gestures at a broader multi-chain strategy. Midnight, Cardano’s forthcoming privacy-enabled sidechain, will pay block rewards in its native token alongside ADA, forcing the treasury to manage a portfolio rather than a single asset. Hoskinson also pitched Cardano as a potential DeFi venue for Bitcoin and even XRP, arguing that cross-chain fee flows and Babel-fee mechanisms would allow the treasury to accumulate BTC and other tokens as organic revenue.

Whether the community will approve a transformation of its treasury into something resembling a blockchain-native Norwegian oil fund remains uncertain, but Hoskinson framed the debate as a maturation milestone. “We are a sovereign entity,” he concluded. “We have to start treating ourselves that way.”

At press time, ADA traded at $0.635.

Australia’s financial watchdog has slapped a decade-long ban on a Sydney-based adviser after she sent client funds into a crypto operation flagged as risky. The Australian Securities and Investments Commission (ASIC) says Glenda Maree Rogan moved A$14.8 million ($9.6 million) into a platform already marked as unlicensed. Clients, family and friends reportedly lost out when their money vanished into what ASIC calls a likely scam.

Adviser Accused Of Misleading Clients

According to ASIC, Rogan pitched a “high-yield fixed-interest account” between May 2014 and February 2024. She worked as an accountant and financial adviser at Fincare firms in Sutherland and Wollongong. But rather than place the funds in secure accounts, multiple transfers went into her personal and company bank records. Many of those funds then converted to crypto and sent on to Financial Centre, a platform ASIC warns “should not be trusted.”

Funds Routed Through Personal Accounts

Based on reports, Rogan moved money from March 2022 through June 2023. During that 16-month stretch, she sent A$14.8 million into personal and corporate accounts before pushing most of it into crypto. Investigators say she must have doubted the platform’s legitimacy by October 2022, yet went ahead anyway. Family members and close friends who invested under her advice are now caught up in an ongoing probe.

10-Year Ban Imposed

ASIC announced the 10-year prohibition took effect on June 6, 2025. Under the ban, Rogan cannot provide or control any financial services business. The regulator said she is “not a fit and proper person” and likely to break financial services laws if allowed to continue. Her license expired on February 8, 2024, and she has been unlicensed since then. Rogan can appeal through the Administrative Review Tribunal, but for now her name sits on ASIC’s banned and disqualified register.

Broader Crypto Crackdown

This move comes amid a wider push against shady crypto operations in Australia. On June 3, AUSTRAC rolled out new rules and set transaction caps for crypto ATMs to stem scams. In April, inactive crypto exchanges were told to de-register or face cancellation. And in February, AUSTRAC took action against 13 remittance firms and exchanges, with more than 50 under review for potential breaches. Regulators are making clear that unlicensed services will face rapid enforcement.

Investors are being urged to check ASIC’s register before handing over cash. High promised returns, especially in crypto, should raise red flags. Anyone hitting a supposed “guarantee” might be staring at an unregulated scheme. While ASIC continues its inquiry into Rogan, this case underlines just how careful people must be when a trusted adviser steers them toward something that sounds too good to be true.

Featured image from FinanceAsia, chart from TradingView

The US Securities and Exchange Commission and Ripple Labs Inc. have returned to Judge Analisa Torres with an amplified request that could bring their four-and-a-half-year XRP lawsuit to an abrupt close. In a five-page joint letter filed on 12 June 2025 (Doc. 987), the litigants ask the Southern District of New York for an “indicative ruling” that would dissolve the injunction imposed on Ripple last August and release the lion’s share of the $125 million civil-penalty escrow.

The End Of The XRP Lawsuit?

The motion, brought under Federal Rules of Civil Procedure 62.1 and 60(b)(6), comes after Judge Torres rejected an earlier, near-identical application in May for failing to show the “exceptional circumstances” required to modify a final judgment. The renewed filing seeks to fill that gap. “Exceptional circumstances warrant the requested modification of the Final Judgment,” the parties write, identifying settlement efficiency, conservation of judicial resources and the SEC’s evolving crypto-enforcement priorities as the decisive factors.

Under the proposed arrangement, Ripple would pay $50 million to the SEC “in full satisfaction” of the penalty, while approximately $75 million plus accrued interest would revert to the company. In addition, the permanent injunction—entered on 7 August 2024 and premised on violations of Section 5 of the Securities Act—would be lifted. The parties emphasize that their compromise is a “necessary condition of settlement” and promise, if the indicative ruling issues, to petition the Court of Appeals for a limited remand so the district court can enter the relief and the appeals can be dismissed.

The letter recites a procedural history that began with Judge Torres’s landmark 13 July 2023 summary-judgment order. That decision split the SEC’s case, holding that Ripple’s institutional XRP sales ran afoul of federal securities law while ruling that programmatic sales on crypto exchanges did not constitute offerings of investment contracts. After the SEC’s remaining claims against Ripple executives Brad Garlinghouse and Chris Larsen were voluntarily dismissed, the court, on 7 August 2024, imposed the $125 million civil penalty and enjoined Ripple from further unregistered XRP institutional distributions.

Both sides noticed appeals in October 2024, but those proceedings were placed in abeyance on 16 April 2025 to allow time for a settlement‐in-principle. The joint request for an indicative ruling followed on 8 May 2025 but was denied a week later because the parties had not articulated why modification met the Rule 60(b)(6) “exceptional circumstances” threshold.

The new submission leans heavily on Second Circuit authority—Microsoft Corp. v. Bristol Tech., Major League Baseball Props. v. Pacific Trading Cards—which recognizes that a court may modify or vacate its own judgment when doing so is indispensable to settlement and promotes judicial economy. “Termination of the appeals … would be consistent with these dismissals by joint stipulation” the SEC has recently executed in other crypto-asset cases, the letter notes, pointing to the agency’s post-January 2025 policy shift under Acting Chair Mark Uyeda and his newly formed Crypto Task Force.

The parties also argue that public interests are not harmed because Judge Torres’s substantive summary-judgment ruling will “remain untouched and will continue to bind the parties.” The requested relief, they contend, affects only remedial provisions—penalty size and injunctive scope—whose adjustment “reflects the unique facts of this case” and therefore carries “relatively small” precedential weight.

What Comes Next

Judge Torres now must decide whether these articulated factors meet the high bar of Rule 60(b)(6). Should she signal her willingness to grant the relief in the XRP lawsuit, the securities regulator and the San Francisco-based fintech will ask the Second Circuit to remand the case for entry of an amended judgment, after which both the SEC’s appeal (No. 24-2648) and Ripple’s cross-appeal (No. 24-2705) would be voluntarily dismissed.

If the court demurs, the litigation returns to the appellate track, extending a saga that began when the SEC sued Ripple on 22 December 2020. For now, the fate of the injunction and $75 million in escrowed funds—and, by extension, Ripple’s immediate regulatory posture—rests on whether Judge Torres accepts that, five years on, the “exceptional circumstances” standard has finally been met.

At press time, XRP traded at $2.11.

The World Bank doctor is in, and he’s got some bad news.

The world economy is on course for a 2.3% growth, down from 2.7% in 2024. And hey, growth is good, right? Except that in this case, 2.3% is the weakest performance in 17 years. The only time when this was worse was during outright recessions.

And even that hides some uncomfortable realities; the low growth rates aren’t distributed evenly, with many developing economies perilously close to recession already.

The sole ray of light in all the world bank’s doom and gloom? Crypto – especially Bitcoin – continues to grow steadily.

In fact, Bitcoin could be on pace to rival gold’s massive market cap and serve as one of the linchpins of the world economy moving forward.

Trade, Tariffs Main Culprits Behind Poor Growth

The World Bank’s June 2025 report paints a bleak picture: global growth has slowed to 2.3%, the weakest non-recession year since 2008.

The bank’s own analysis points to two primary causes.

Trade discord, particularly over tariffs, are one of the main contributing factors. There’s been a gradual slowdown in global trade growth for a while now:

• 5.1 percent in the 2000s
• 4.6 percent in the 2010s
• 2.6 percent in the 2020s

But trade discord has more recently been fueled by tariffs. In particular, US tariffs. Largely because of US tariffs (and tariff uncertainty), world trade volumes are projected to rise just 1.8%, less than half of the pre-pandemic average.

The trendline – 5.1%, to 4.6%, to 2.6%, to 1.8% – does not bode well for profitable international trade.

Tariffs act as trade barriers, and have intensified geopolitical risk and discouraged investment, leading to a decline in private sector confidence across the board.

Having a large economy hasn’t completely eliminated the effects of the slowdown, either. Major economies such as the U.S. (1.4% growth forecast) and the Eurozone (0.9–1.2%) are losing steam fast. The World Bank warned that the economy may enter a prolonged slump without coordinated policy responses and de-escalation of trade wars.

And the impacts of that slump won’t be felt evenly.

Developing Economies Hit Hard

Developing countries are bearing the brunt of this slowdown:

• Nearly two-thirds of emerging economies are now growing below their 10-year average
• Per capita income growth lags behind population increases in many regions

Africa and Latin America, in particular, face debt crises, sluggish investment, and inflationary pressures, even as their populations are set to explode.

For instance, sub-Saharan Africa is expected to see a nearly 20% population growth by the end of the decade.

The report highlights that over 50% of low-income countries are now at high risk of debt distress.

Compounding the issue are higher interest rates in advanced economies, which draw capital away from emerging markets.

Without structural reforms, new investment in infrastructure, and better access to capital markets, these economies may remain stuck in low-growth traps. And this would weaken the impact of strong economies on the global outlook and further destabilizing global economic prospects.

But even with the mounting economic pressures, one asset class – and one asset – moves from strength to strength. Bitcoin On Pace To Rival Gold

Traditionally, gold has been the go-to safe haven during periods of economic uncertainty.

That trend continues, with gold climbing over 18% year-on-year, reflecting investor anxiety.

But this time, Bitcoin is joining it.

$BTC has surged more than 54% over the past 12 months, and now commands a market capitalization of approximately $2.08T. That’s still only one-tenth the size of gold’s $23T market cap. But what’s striking is that both gold and Bitcoin have surged in tandem.

Annual average gold prices are expected to reach a record high this year, supported by safe haven flows, before plateauing in 2026-27.

—World Bank

Crypto and bitcoin adoption have followed suit, with institutions in particular taking notice. According to Bitwise’s March 2023 report, crypto adoption among financial advisors has doubled in the past year, with major financial institutions turning to crypto products.

Add in the success of $BTC ETFs, with over $40B in net inflows since launching last year, and the intersection of crypto and tradfi is becoming ever more apparent.

Corporations are also getting involved, with incredible growth in the Bitcoin and crypto treasury strategy pioneered by (Micro)Strategy and Michael Saylor.

Bitcoin is increasingly seen as a hedge not just against inflation, but against slow growth and systemic risk. And note that adoption isn’t limited to economically prosperous countries.

Some of the same developing economies most likely to bear the brunt of a global slowdown topped the list of crypto adoption in 2024.

How can you prepare for both a global slowdown and crypto growth? It all starts with your crypto wallet.

Best Wallet ($BEST) – Be Ready for the Fully-Integrated Crypto Economy

To be Bitcoin-ready, you’ll need the best Web3 crypto wallet around. Fortunately, Best Wallet token ($BEST) and the Best Wallet app have you covered.

Best Wallet provides a simple, seamless crypto wallet that doesn’t skimp on security and comes loaded with features: biometric security, MPC, multi-wallet ecosystem, and even an upcoming Best Card to spend your crypto smoothly.

The $BEST token supercharges the whole thing by lowering transaction fees, increasing staking rewards, and generally improving overall wallet utility.

Given the broader crypto adoption trends, it’s no surprise that the non-custodial crypto wallet market has grown to $11B – and Best Wallet is on course to capture the lion’s share.

It’s also the only crypto presale wallet, providing a one-stop shop for finding and researching the best crypto presales to invest in.

The ongoing presale has raised $13.3M so far, with tokens priced at $0.025175. Learn how to buy Best Wallet Token, and see why we think $BEST could hit $0.072 by the end of the year – an impressive 185% increase — in our Best Wallet token price prediction.

Visit the Best Wallet presale page.

Can Bitcoin Stave Off Global Recession?

While Bitcoin can’t reverse slowing GDP or restart global trade on its own, it may play a critical hedging role in what’s shaping up to be the weakest economic decade in over 60 years.

Bitcoin is uniquely positioned alongside gold as a pillar of store-of-value investing. With central banks limited in their ability to stimulate due to high debt (the US national debt could hit nearly $35T within months) and persistent inflation, market participants are turning to assets outside the traditional system.

Could Bitcoin not only match gold’s market cap, but also become the primary hedge of the next financial cycle?

Do your own research and come to your own conclusions. This isn’t financial advice.

But get a crypto wallet, just in case.

The SEC has formally scrapped several proposed crypto regulations that were served up under the former SEC chair Gary Gensler.

The proposed amendment to Rule 3b-16 of the Exchange Act Rule is one of the major rescissions.

This amendment would have required DeFi platforms to be registered with the SEC, which would have stifled crypto growth in the country and eventually pushed crypto startups offshore.

Read on to know more about the scrapped proposals and what the move could mean for the crypto industry’s growth.

We’ll also suggest the top altcoins to buy now to benefit from this development.

A Slew of Gensler-Era Proposals Tossed

The proposed changes to the Custody Rule (Advisers Act Rule 206(4)-2), which faced much backlash from the crypto community, have also been scrapped. These would have required investment advisors to hold crypto with ‘qualified custodians.’

Had the proposal gone through, it would have also meant that cold storage or hardware wallets to hold crypto would have become illegal.

Unlike traditional assets, there are very few qualified custodians for crypto assets. This would have ultimately discouraged crypto investments and added additional risks for advisors.

Similarly, the SEC also scrapped the Cybersecurity Risk Management Proposal for Investment Firms.

This would have required investment advisors, registered funds, and business development companies (BDCs) to have a written cybersecurity policy framework.

The proposed changes would have also required parties to file a report with the SEC within 48 hours of any breach.

Since crypto businesses are hot targets for cyberattacks (over $1.7B worth of crypto was stolen in 2023), this would have increased reporting burdens, which could have killed small crypto firms and startups.

SEC’s Pro-Crypto Stance Under Trump

Despite his earlier stance, Donald Trump has been vocal about his support for crypto.

Ever since his appointment, several pro-crypto regulations, such as the CLARITY Act, have come into discussion.

The CLARITY Act aims to provide clearer regulatory guidelines for cryptocurrencies and define the roles of the SEC and CFTC in overseeing the crypto market.

The SEC scrapping anti-crypto proposals in favor of pro-crypto alternatives signals better times ahead for the markets, so here are some of the best cryptos you should consider including in your portfolio right now.

1. Solaxy ($SOLX) – Top Altcoin to Buy Right Now, First-Ever Solana L2

As DeFi trading activity and volume increase in the coming months and years, utility tokens like Solaxy ($SOLX) could be at the center of the action.

This token aims to revolutionize Solana with cutting-edge scalability and cross-chain technologies.

Solana, in case you’re wondering, has been dealing with congestion and failed transactions ever since the $TRUMP and $MELANIA tokens overloaded it.

Solaxy’s master plan, therefore, is to build a brand-new L2 – Solana’s first true Layer 2 solution – which will offload the mainnet’s transactions onto a side chain, providing relief and improved efficiency.

Moreover, Solaxy will follow ‘optimized transaction bundling,’ which means it will execute transactions in bundles instead of one by one. This will further drive down Solana’s costs and improve its scalability.

The best part? Solaxy is still in presale, where it has raised a staggering $48.7M. You can buy $SOLX for just $0.00175 each right now, but hurry up because the presale wraps up in 3 days!

2. Bitcoin Hyper ($HYPER) – Revolutionizing Bitcoin with a New Layer 2 Solution

Similarly to how Solaxy aims to crank up Solana’s scalability and speed, Bitcoin Hyper ($HYPER) is a new meme coin on presale that aims to breathe new life into Bitcoin.

Did you know the Bitcoin blockchain can only process seven transactions per second? That’s so low it has overloaded the network and made it unfit for Web3 adoption.

Enter Bitcoin Hyper.

$HYPER will build the first Layer 2 on Bitcoin that will directly tackle the network’s scalability and performance issues.

It will do so by integrating with a decentralized, smart canonical bridge that will convert your $BTC from a Layer 1 asset to a Layer 2 asset.

The Layer 2 tokens it mints can be used for high-speed payments and swaps. They can also be used for lending and staking on NFT platforms, DeFi apps, and gaming dApps. This lets you do more with Bitcoin than just use it as a store of value.

And don’t worry; when you want your $BTC back, just request a withdrawal and your tokens will be converted into a Layer 1 asset again, transparently and securely.

The Bitcoin Hyper presale is alive and kicking. Just a few days in, it has already raised a handsome $1.1 M. Each token is currently available for just $0.011875, and here’s how to buy it.

3. Aura ($AURA) – Viral Meme Coin Based on a Social Media Phenomenon

One of the biggest buzzwords of the last few months, Aura, now has its own meme coin. And it’s probably one of the best cryptos to invest in now, given it’s up a brain-melting 21,000% in the last seven days, including 17% over just the past 24 hours.

After scrolling through countless TikTok videos and Instagram reels, seeing people gain and lose ‘aura,’ crypto degens finally have an appropriate outlet to show their love for this new phenomenon.

Of course, $AURA is a community-driven token without any real utility. That said, it does come with a unique meme generator, which token holders can use to generate +Aura memes and share them on social media for clout.

Grab it now for just $0.1868 before it goes on to make new all-time highs.

Top Altcoins Ready to Rocket Thanks to Government Support

All in all, the SEC’s rollback of restrictive DeFi rules is a major win for crypto, paving the way for greater adoption, investor confidence, and innovation, with tokens such as Solaxy and Bitcoin Hyper being examples of this.

However, the broader crypto market is highly volatile and unpredictable, which is why none of the above should be considered financial advice. Kindly do your own research before investing.

Despite a rollercoaster few years that have seen the Bitcoin price hit multiple new all-time highs, other high-cap cryptocurrencies like Dogecoin have failed to do the same. In fact, the highest the Dogecoin price has gotten in the last three years is $0.5, which is still a ways away from the $0.74 figure that was hit back in 2021. Calls for $1 for the meme coin have also died down as it continues to decline and struggle along with the rest of the altcoin market.

Can Dogecoin Price Reach $1?

When it comes to the Dogecoin price, expectations continue to falter, especially as the price remains low with resistance mounting at $0.2. To reach the $1 mark, the price would have to rally by 500% from its current level, and with trading volumes and interest so low, the possibility of this happening grows dimmer by the day.

In the same vein, the algorithm at CoinCodex has also followed the bearish school of thought, with a drawn-out timeframe for when it expects the Dogecoin price to hit $1. According to the algorithm, the Dogecoin price will not be hitting the $1 level in the year 2025, or anytime soon after that.

The predictions show that the highest level the Dogecoin price could reach this year is $0.289. As the year moves forward, it expects the price to trend lower, not seeing more than a 54% price increase after the month of September.

Nevertheless, it does expect the price to be higher than where it is now, with an average 25% increase from the current level. It also signals the current level as a buy point with the possibility of making around a 35% increase in the month of June.

DOGE Won’t Hit $1 Until After 2030

The longer-term predictions for the Dogecoin price show more recovery for the price. But reaching the $1 level is not something that the algorithm believes will happen in the next half a decade. In fact, from 2025 through to 2030, it predicts that the Dogecoin price will not rise to its current all-time high of $0.74.

For those waiting for the Dogecoin price to hit $1, it shows that the price will hit this level sometime after 2030, putting it above $1 in 2040. This could mean that the meme coin would take almost a decade to reach the coveted $1 target.

However, in the short term, the algorithm does see some positive prospects for the Dogecoin price. It predicts that DOGE will rise to $0.236 in the next month, which would be a 17.67% increase from the current level.

In a move that’s shaking the market, publicly traded DeFi Development Corp. (DFDV) announced a staggering $5B equity line of credit with RK Capital.

The firm has made its intentions clear. The entire $5B line will be used to acquire Solana ($SOL), dramatically increasing its already substantial holdings.

According to CEO Joseph Onorati, the strategy offers flexibility, allowing the company to raise capital gradually and only when it aligns with their core goal of increasing the $SOL per share.

This isn’t DFDV’s first major play either; the company has already gathered over 609K $SOL and has deeply integrated itself into the ecosystem by acquiring a validator business. On the surface, it’s a maximalist bet on the future of the Solana network.

And one crypto presale that’s ready to leverage Solana’s bullish run is Solaxy ($SOLX, the first-ever Solana Layer-2 that aims to improve the blockchain’s known congestion issues.

Genius Move or a House of Cards?

Beneath the bullish Solana headlines, DFDV’s move invokes a bit of skepticism. Some could see this act of issuing company stock to fund the purchase of a volatile crypto asset as another block in an unstable house of cards built by pro-crypto firms.

The strategy creates a loop: DFDV’s stock price becomes increasingly tied to $SOL’s performance. Simultaneously, the company tries to boost $SOL’s price through massive purchases funded by its own equity.

This comes as the broader market flashes red, with $SOL itself down over 9% in the past 24 hours.

The contrast between DFDV’s aggressive accumulation and the current market fear highlights a growing disconnect.

As institutional players build intricate, high-risk structures around major assets like $SOL, many retail investors are seeking clearer, more direct paths to potential growth.

The institutional focus on the base $SOL asset has savvy investors looking deeper into the ecosystem for the next innovation.

This could spotlight presale projects like Solaxy ($SOLX), a new Solana Layer 2 already close to $50M.  The token has been gaining massive traction thanks to its intention to upscale Solana to modern demands.

As is often the case, market interest can lead to hype, so will $SOLX (one of 2025’s best crypto presales) benefit from the substantial $SOL investment from institutional asset managers?

Let’s discuss that.

The Fix for Solana’s Biggest Flaws

So, what’s the path to potential growth for retail investors? The answer—Solaxy ($SOLX), the first-ever Solana Layer-2 blockchain, whose presale is already moving at incredible speed.

More than just another token, Solaxy is a foundational upgrade designed to neutralize Solana’s biggest pain points: network congestion, failed transactions, and slow speed.

The real utility to a very serious industry problem potentially makes Solaxy one of the best altcoins to buy right now.

By bridging the gap between Ethereum’s massive liquidity and Solana’s efficiency, $SOLX creates a multi-chain powerhouse perfect for the high-speed demands of DeFi and meme coin trading.

The Race to $50M: Your Ground-Floor Entry

Solaxy ($SOLX) has received an overwhelming response (one whale bought $$73K $SOL in December 2024), raising over $48M from early backers who see much potential in the project.

The momentum signals strong market confidence in the project’s vision and its first-mover advantage as Solana’s premier Layer-2 solution.

If $SOLX sounds like your cup of tea, the opportunity is still available, but time is running out. The current presale price for $SOLX is $0.001756, but the presale ends in just over 3 days, so let us help you through the buying stage.

Looking ahead, we’ve predicted a positive outlook for $SOLX. With top Ethereum Layer-2s commanding impressive market caps, $SOLX could see a similar trajectory. We forecast an end-of-year high of $0.032 for 2025, representing a 1,722.32% increase on the current price. With staking rewards of 84%, you could be set to benefit further.

Remember, this isn’t financial advice, and just because Solana is set to receive a large investment, it doesn’t mean other coins will actually benefit. Crypto is risky, and you should always do your own research before making any investment decisions.

Data shows the stablecoin market cap has been enjoying a sharp surge in 2025 and has reached a new record. Here’s what’s driving the growth.

Stablecoin Market Cap Has Gone Up By 17% In 2025 So Far

In a new post on X, the on-chain analytics firm CryptoQuant has talked about the latest trend in the market cap of the stablecoins. A “stablecoin” is a cryptocurrency that has its price pegged to a fiat currency (with the US Dollar being the most popular one).

Investors use the stables for a variety of purposes, like as a mode of payments or a sort of safe-haven away from the volatility that comes with other digital assets like Bitcoin.

Below is the chart shared by CryptoQuant that shows how the market cap of the stablecoins has grown during the past few months.

From the graph, it’s visible that the stablecoin market was valued at $195 billion in January, but today it has risen to $228 billion. This represents an increase of $33 billion or 17% year-to-date.

As for what’s behind the metric’s growth, the analytics firm says it’s driven by “rising trading activity, growing payment use, and clearer U.S. regulation under Trump.”

Speaking of US regulation, a bipartisan bill aimed at regulating stablecoins is gaining momentum in the Senate and could pass as early as next week, according to a report.

As mentioned earlier, investors can choose to invest in these fiat-tied tokens as a means of avoiding the risk associated with Bitcoin and other volatile cryptocurrencies.

Some of these holders plan to re-invest into the other side of the market in the future, so a chunk of the capital stored in the form of stablecoins can be looked at as potential dry powder for BTC and company. As such, growth in the market cap of these assets may prove to be a constructive sign for the sector as a whole.

A digital asset network that stands out in relation to the stables is Tron. As pointed out by CryptoQuant author Maartunn in a new thread on X, the TRX network hosts the most amount of stables across all chains.

According to the analyst, Tron holds $75.7 billion worth of USDT, the largest stablecoin. In comparison, the Ethereum network occupies $71.4 billion of the coin’s market cap.

Lately, USDT mints of more than $1 billion have been becoming more common on the TRX chain. In 2025, there have been 17 mints exceeding this value so far.

BTC Price

At the time of writing, Bitcoin is floating around $108,300, up almost 5% in the last seven days.

Исполняющая обязанности председателя Комиссии по торговле товарными фьючерсами США (CFTC) Кэролайн Фам (Caroline Pham) заявила, что ведомство будет жестко контролировать крипторынок — однако запретить криптовалюты уже невозможно, даже по воле президента.

Экономичный зеленый автомат Pepe, обладающий талантом к криптоторговле, который заставил бы устыдиться звонков Джордана Белфорта, доказывает, почему его называют Wall Street Pepe ($WEPE). 

С момента запуска в феврале токен $WEPE вырос на 233% только в июне – благодаря подъему сообщества Alpha Chat, частной торговой площадки, которая принесла серьезную прибыль своим участникам.

Дополнительный импульс росту придает растущий ажиотаж вокруг предстоящей коллекции NFT WEPE – ключа, который открывает доступ к вознаграждениям, эксклюзивному контенту и будущим привилегиям в экосистеме. Это все часть миссии: дать возможность розничным трейдерам перехитрить китов, которые доминируют на крипторынке слишком долго.

Потому что когда розничные трейдеры объединяются, ни один кит не может подстроить волну под себя. И если вам надоело смотреть, как они зарабатывают, пора зарабатывать с армией WEPE – с той стороной, которая всегда выбирает богатство.

Alpha Chat WEPE побеждает китов

Конечно, Wall Street Pepe не разгуливал бы по цифровому храму капитализма с телефоном в руке и самодовольной улыбкой в костюме, если бы не мог подтвердить свои слова торговыми сделками, которые затмят даже Stratton Oakmont в его лучшие годы.

С момента запуска Alpha Chat 17 марта группа выросла до более чем 1200 активных участников, каждый из которых получил доступ к эксклюзивным торговым сигналам, рыночным аналитикам и образовательному контенту.

Но даже до того, как завершилась предпродажа, $WEPE уже завоевал репутацию серьезного торгового альфы. Команда за Wall Street Pepe – не просто кураторы мемов, это опытные криптовалютные трейдеры, и это видно.

Члены Alpha Chat зафиксировали огромные выигрыши, многие сообщили о прибыли от 500% до 1000% от сигналов. Один из участников даже превратил свой начальный депозит в 20x всего за три сделки. Общая прибыль по группе составила более 1500%, при этом самая большая одиночная сделка принесла 700%.

Некоторые из самых обсуждаемых сделок включают 178% на DogWifHat (WIF) 1 апреля, за которым последовала прибыль в 290% на MogCoin (MOG) 9 апреля. С 11 по 28 апреля Pudgy Penguins (PENGU) показали еще 220% прироста. Команда также сделала ставку на AI16Z 28 апреля, что принесло 55%, а в мае такие проекты, как PopCat (POPCAT) и MooDeng (MOODENG), принесли 100% и 700% соответственно.

Эти NFT – ваш VIP-пропуск в закрытый круг WEPE

Пока Alpha Chat предоставляет торговые сигналы, предстоящая коллекция NFT WEPE формирует культуру – культуру, основанную на анализе графиков и провокациях китов в одном флаконе.

С помощью своей текущей кампании на QuestN – платформе Web3 для социальных взаимодействий и вознаграждений за выполнение квестов – Wall Street Pepe набирает новую армию преданных поклонников. Уже более 150 000 участников присоединились, выполняя квесты, чтобы заработать билеты на розыгрыши, места для минтинга и эксклюзивные привилегии, связанные с запуском NFT.

И это не просто ради кликов и внимания. Кампания уже привлекла более 10 млн просмотров и 7,5 млн просмотров профилей, заставив обратить внимание на Web3.

Предстоящий выпуск NFT будет включать 5000 уникальных произведений искусства Wall Street Pepe, каждое из которых откроет доступ к наградам, входу в альфа-группу и эксклюзивным функциям сообщества. Участники Alpha Chat получат гарантированное место в белом списке и один бесплатный минт, в то время как публичный минт ожидается по цене от $3 до $5.

Короче говоря: NFT от Wall Street Pepe предоставляют доступ – тот самый доступ, который превращает розничных трейдеров в победителей.

Хотите участвовать? Рассказываем, как получить NFT и присоединиться к армии $WEPE

Если вы хотите стать победителем и победить китов в их собственной игре, присоединяйтесь к армии WEPE, купив токены $WEPE на сайте Wall Street Pepe, а затем получите эксклюзивный доступ к предстоящему запуску NFT, присоединившись к кампании.

Просто перейдите на app.questn.com, подключите ваш кошелек (например, Best Wallet), создайте профиль и привяжите свои соцсети. После этого перейдите на страницу кампании WEPE и начните выполнять ежедневные квесты.

Каждое действие приносит вам очки – а самые активные пользователи разблокируют гарантированные места в белом списке для коллекции NFT WEPE. Хранение $WEPE увеличивает ваш рейтинг и ставит вас впереди остальных.

https://app.questn.com/Wepe

Кампания уже раздает ежедневные призы и эксклюзивные награды. Но главное – она строит армию! Не китов, а обычных трейдеров, которые претендуют на свое место за столом.

Хотите присоединиться? Действуйте сейчас. Потому что на территории Wall Street Pepe именно розничные трейдеры правят балом.

Оставайтесь на связи с остальной частью сообщества Wall Street Pepe в Telegram, чтобы не упускать обновления.

Подробнее о Wall Street Pepe

 

As crypto legislation advances through the US Congress, two senators have sent a letter to Meta founder Mark Zuckerberg inquiring about the company’s stablecoin strategy following recent reports alleging that the tech giant is planning to launch a private currency.

Democrats Question Meta’s Stablecoin Plans

On Wednesday, Democratic Senators Elizabeth Warren and Richard Blumenthal questioned Meta’s alleged plan to establish a private currency in a letter addressed to Mark Zuckerberg, the company’s founder and CEO.

The Senators expressed concerns about the “troubling reports” of Meta’s plan to revive its private currency. As reported by Bitcoinist, Facebook’s parent company is allegedly in discussions with multiple crypto companies about potentially integrating a stablecoin into its platforms for payments.

According to the report, Meta has reached out to crypto infrastructure companies, focusing on the “ability to pay individuals across different regions without the high fees associated with other forms of payments, such as wire transfers.”

The lawmakers affirmed that Big Tech companies issuing or controlling private currencies, such as stablecoins, would “threaten competition across the economy, erode financial privacy, and cede control of the U.S. money supply to monopolistic platforms that have a history of abusing their power.”

They also highlighted Meta’s previous failed attempt to launch its Libra project, which collapsed in 2022 under massive pressure from US regulators and politicians. Therefore, Senators Warren and Blumenthal requested information about Meta’s plans and deliberations regarding the potential resumption of a stablecoin venture before June 17, 2025.

In the letter, the democratic lawmakers asked Zuckerberg to provide a list of the stablecoin companies Meta had consulted since January 2025. Additionally, they requested information on whether the company is considering owning, controlling, affiliating with, or forming a joint venture or partnership with an existing stablecoin company. They also inquired whether Meta is considering launching a stablecoin individually or in collaboration with another company.

Big Tech Companies Awaiting Regulation

It’s worth noting that multiple Big Tech companies, including Apple, Google, Airbnb, and X, are reportedly exploring the adoption of stablecoins to lower transaction costs and streamline cross-border payments since the beginning of the year, seemingly fueled by the Trump administration’s friendly approach toward the digital assets industry.

The lawmakers highlighted that Meta’s renewed interest in a stablecoin project comes as the US Congress works on related bills. Notably, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act passed the latest cloture motion, advancing to the next legislative stage after a 68-30 vote.

The bipartisan bill, introduced by Republican Senator Bill Hagerty, aims to establish a “safe and pro-growth regulatory framework that will unleash innovation.” However, it has faced heavy backlash from Senate Democrats, including Warren, who have raised concerns about the president’s crypto ventures.

The Wednesday letter affirmed that the legislation includes provisions that would enable the Trump administration to profit and allow Big Tech companies to issue a stablecoin, which makes it “more critical than ever that Congress and the public fully understand the extent of Meta’s plans.”

Based on this, the lawmakers also asked Zuckerberg whether Meta or any of its affiliates lobbied Congress or federal agencies on crypto legislation pending before the 119th Congress, including the GENIUS Act and the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act.

Lastly, they questioned the company’s CEO whether they would oppose an amendment that would prohibit Big Tech companies from owning, controlling, or affiliating with stablecoin issuers.

Evertz Pharma is the first German company to create a long-term Bitcoin reserve, the latest development in the rampant Bitcoin adoption cycle which has seen more companies buying more $BTC than ever.

While Michael Saylor’s Strategy still holds the crown as the King Bitcoin Hoarder, after staking an impressive 582,000 $BTC, Evertz Pharma’s recent $10.8M investment is a considerable step-up from its first Bitcoin purchase of $2M back in 2020.

And the Bitcoin adoption train doesn’t stop here.

Mercurity Fintech Plans an $800M Bitcoin Treasury

Mercurity Fintech Holding, a major player in the tech and financial sectors, is another firm that’s jumped on the Bitcoin bandwagon, announcing plans to create a massive $800M Bitcoin treasury.

This comes as the company has been promised an upgrade in the Russel’s Microcap Index, now poised to be listed in the Russel 2000 and Russel 3000 indexes. Shi Qiu, CEO of Mercurity, explains the investment as more than a mere portfolio diversification:

‘We’re building this Bitcoin treasury reserve based on our belief that Bitcoin will become an essential component of the future financial infrastructure. We are positioning our company to be a key player in the evolving digital financial ecosystem.’

—Shi Qiu, GlobeNewswire Press Release

This announcement comes less than a week after Mercurity announced a ‘strategic partnership with SBI Digital Markets (SBIDM),’ designed to ‘accelerate the adoption of tokenized real-world assets (RWAs) and facilitate its global distribution […]’

CSO of Mercurity, Wilfred Day, declared that:

‘The tokenization of real-world assets is a transformative trend that’s changing how investors access markets. This collaboration lets us bring institutional-grade digital solutions to our clients while maneuvering through complex regulations that they deeply care about.’

—Wilfred Daye, GlobeNewswire Press Release

Evertz Pharma and Mercurity Fintech are just the latest names in a growing list of institutional investors, many of whom plan long-term $BTC acquisitions.

Besides Strategy, other companies that have built their own Bitcoin reserves include:

• Marathon Digital Holdings (MARA): 49,179 $BTC
• Riot Platforms (RIOT): 19,225 $BTC
• CleanSpark (CLSK): 12,502 $BTC
• Tesla (TSLA): 11,509 $BTC

2025 is just the beginning of Bitcoin’s balance sheet domination.

It also suggests that the crypto market as a whole is becoming more credible, and as Bitcoin rises, some of the best altcoins today may surge beyond anyone’s expectations. Here are 3 best crypto to 1000x if Bitcoin ramps up its chart pressure.

1. Solaxy ($SOX) — Solana’s Layer 2 Solution to Network Congestion and High Transaction Fees

Solaxy ($SOLX) is Solana’s upcoming Layer 2 solution, currently in presale.

Solaxy aims to address Solana’s most pressing issue, network congestion, which translates into problems like slow and even failed transactions and high fees.

Solaxy’s fix? Off-chain execution, paired with parallel processing, for near-instant finality and ultra-low latency.

Solaxy’s detailed roadmap explains the project’s true potential and scope, which includes reducing network congestion, eliminating downtime, and building the foundation for future Solana upgrades.

The presale has accumulated over $48M so far, earning a place as one of the best presales of 2025.

Considering $SOLX’s price of only $0.001756, Solaxy offers a low-cap entry and a good way to diversify your portfolio into meme coins.

If Solaxy delivers on its promised utility, as detailed in the whitepaper, our analysts predict a 2025 post-launch price point of $0.032 by December. We’re talking about an ROI of 1,722%.

With widespread adoption and successful blockchain implementation, we could see a $0.2 $SOLX price by the end of 2026, for an ROI of 11,289%.

Important note: $SOLX’s presale is set to conclude in a little over 3 days. So, if you want to get in, you should do it today. Go to the presale page and buy your $SOLX to position yourself ahead of the curve. 2. Snorter Token ($SNORT) — Telegram Bot with a Hunger for Hot Tokens

Snorter Token ($SNORT) is a Solana-based Telegram project introducing Snorter Bot, your best friend at sniffing promising crypto tokens.

Snorter Bot is the antidote to manual coin hunting, which often involves missed opportunities and a technically demanding process.

The bot also helps you sidestep dodgy honeypots and rug-pulls, which are easy to fall prey to when manual coin hunting.

The bot operates exclusively in the Telegram chat, offering fast and secure swaps, a portfolio dashboard, and limit orders and dynamic stop-losses.

This also means you don’t need to juggle multiple wallets and browser extensions anymore.

Snorter Token entered its presale phase in May 2025 and has already accumulated over $926K, with a token price of $0.0951.

If you want to join the presale, now is a good time, given the staking APY of 329%. Indeed, the whales are circling, hoovering up some $200K just today.

So, if Snorter Token’s crypto-hungry Aardvark is winking at you, go to the presale page, buy a few $SNORTs, and take full advantage of its relentless appetite for rare meme coin finds.

3. KAKA ($KAKA) — The KAKA Squirrel Hoarding Nuts in the Charts

KAKA ($KAKA) is what you get when you inject meme juice into a squirrel and release it into the market. It’s a simple project with an even simpler story:

‘I was born in a dumpster behind a 7-Eleven, baptized in a porta-potty, and raised on expired trail mix and spy pigeon lore.’

—KAKA the Squirrel, Official website

Despite releasing at the end of May 2025, and losing over 80% of its value after its post-launch spike, KAKA is gathering nuts again. 161% over the past seven days, more precisely, and 14.9% in the last 24 hours.

With only 1B tokens, market cap of 1.57M, and a 76% positive community sentiment, KAKA is worth a second glance.

Will the Bitcoin Adoption Trend Continue?

Yes, based on the number of major institutional acquisitions, we believe the Bitcoin adoption trend will continue into 2026 and beyond.

Evertz Pharma and Mercurity Fintech are the latest in a long list of big-time Bitcoin hunters, and their combined efforts will only drive Bitcoin up. And, with it, promising low-cap projects like Solaxy ($SOLX) and Snorter Token ($SNORT).

Don’t take this as financial advice. Do your own research (DYOR) and invest wisely.

Эфир, вторая по капитализации криптовалюта, до сих пор сильно недооценена крупными инвестиционными фондами, заявили опрошенные изданием The Block эксперты.

W obliczu eskalacji napięć na Bliskim Wschodzie i gwałtownego wzrostu cen ropy zwiększył się popyt na opcje sprzedaży, kosztem opcji kupna BTC. Jeszcze na początku tygodnia krótkoterminowe prognozy ceny Bitcoina napawały inwestorów optymizmem, kluczowa okazała się jednak nieprzewidywalność i zmienność rynków i sytuacji międzynarodowej. Handlowcy krypto bacznie obserwują rynek i szukają tanich alternatyw, gotowych do eksplozji jeszcze w tym roku.

Cena Bitcoina spada – ryzyko masowej wyprzedaży

Cena bitcoina spadła do 50-dniowej prostej średniej kroczącej (SMA) na poziomie 104 493 USD, wydłużając 24-godzinne straty do 3,00% (według danych z Coingecko). Ceny na krótko przekroczyły poziom 110 000 USD na początku tego tygodnia – byki mogą mieć nadzieję, że 50-dniowa SMA się utrzyma, ponieważ potencjalny spadek poniżej SMA może zachęcić do większych wyprzedaży (czyli sytuacji, którą zaobserwowano po załamaniu się wsparcia w lutym 2025 r.).

W momencie pisania tego tekstu cena baryłki ropy zaczęła spadać i wynosi 72,38 USD. We wczesnych godzinach porannych cena baryłki ropy wynosiła aż 78,4 USD osiągając najwyższy poziom od 16 stycznia 2025 r. Ruch ten nastąpił po tym, jak Izrael przeprowadził ataki powietrzne na Iran, z dużym prawdopodobieństwem ściągając na siebie odwetowe ataki rakietowe ze strony Teheranu.

Nadchodzi impuls inflacyjny?

Nagłe skoki cen ropy naftowej wywołują impuls inflacyjny, w którym zwiększona cena ropy prowadzi do wzrostu kosztów produkcji i transportu. To z kolei może przyczynić się do ogólnego wzrostu cen w gospodarce. Wzrost cen ropy naftowej ma bezpośredni wpływ na wiele sektorów, w tym na transport, przemysł i rolnictwo.

Sytuacja jest o tyle poważna, że wojna handlowa prowadzona już przez prezydenta Donalda Trumpa nieustannie grozi zachwianiem gospodarki i wzrostem inflacji, zwłaszcza w krajach będących importerami netto. Wszystko to może obniżyć oczekiwania dotyczące obniżek stóp procentowych przez Fed, zwiększając zmienność spadkową akcji i kryptowalut.

W chwili pisania tego tekstu kontrakty futures powiązane ze S&P 500 spadły o 1,3% w ciągu ostatniej doby.

Inwestorzy poszukują alternatywy dla Bitcoina

Inwestorzy, niezależnie od tego, czy wierzą w optymistyczne prognozy Bitcoina, czy są co do nich bardziej sceptyczni, chętnie rozglądają się za innymi możliwościami inwestycyjnymi. Najlepiej, jeśli są one dopasowane do indywidualnych możliwości finansowych oraz wykazują się konkretną użytecznością. Dzięki rozwiązaniu problemu ze skalowalnością sieci Bitcoin przez Bitcoin Hyper oraz airdropom bitcoinów w ramach projektu Bitcoin Bull Token, potencjał wzrostu tokenów jest na tyle duży, że nie mógł zostać niezauważony przez łowców okazji przedsprzedażowych.

Bitcoin Hyper – wprowadza Layer 2 na Bitcoinie

Bitcoin Hyper ($HYPER) wprowadza pionierską sieć Bitcoin Layer-2, która ma przyspieszyć transakcje na całym blockchainie Bitcoin, zwiększyć skalowalność i otworzyć drogę do nowych możliwości, takich jak natychmiastowe płatności i bardziej funkcjonalne aplikacje zdecentralizowane dApps. Będzie to możliwe dzięki integracji z Solana Virtual Machine (SVM) oraz zdecentralizowanemu Canonical Bridge.

Kluczową rolę w ekosystemie pełni token $HYPER, umożliwiając płacenie za transakcje, uczestniczenie w głosowaniach DAO (w przyszłości) oraz korzystanie z aplikacji DeFi. Od razu po zakupie tokenów $HYPER można je przeznaczyć do stakingu, otrzymując roczne nagrody na poziomie do 732% APY. Warto jednak zauważyć, że wysokość APY będzie stopniowo maleć w miarę wzrostu liczby inwestorów.

Bitcoin Bull Token – organizuje airdropy BTC

Projekt Bitcoin Bull Token jest ściśle powiązany z ruchami ceny Bitcoina. Jego celem jest zapewnienie posiadaczom tokenów realnych zysków związanych z umacnianiem się Bitcoina – kluczowym elementem projektu jest możliwość zdobywania airdropów Bitcoina, gdy cena BTC przekroczy określone poziomy: 150 000 USD, 200 000 USD, 250 000 USD itd.

Tuż po zakupie tokenów $BTCBULL można je przeznaczyć do stakingu, który jest nagradzany pasywnymi zwrotami na poziomie APY 57%. Token $BTCBULL ma być też odporny na inflację, dzięki mechanizmowi spalania tokenów. Również w tym przypadku, gdy Bitcoin osiągnie nowe ATH (np. 125 000 USD, 175 000 USD itd.), część tokenów zostanie trwale spalona, co zmniejszy podaż i wpłynie na wzrost wartości pozostałych tokenów.

Председатель созданного странами Большой двадцатки Совета по финансовой стабильности (FSB) Клаас Нот (Klaas Knot) заявил, что криптовалюты стали способны нести риски для всей мировой финансовой системы.

Благодаря тому, что 30% эмиссии биткоина хранится у так называемых централизованных структур, рынок изменился в сторону «институциональной зрелости», заявили по результатам совместного исследования специалисты компаний Gemini и Glassnode.

Bitcoin has seen a retrace to $107,000 shortly after social media sentiment reached its highest in months. Did retail FOMO act as a contrarian signal?

Bitcoin Positive/Negative Sentiment Recently Observed A Sharp Spike

In a post on X on Wednesday, the analytics firm Santiment discussed how the mood was around Bitcoin on the major social media platforms, based on the Positive/Negative Sentiment metric.

The Positive/Negative Sentiment tells us, as its name suggests, how the positive and negative comments related to a given topic or term on social media currently compare.

The indicator works by filtering the posts/threads/messages on these platforms for the keyword and then putting them through a machine-learning model that can differentiate between bullish and bearish sentiment. It counts up the number of posts belonging to each type and calculates their ratio.

Now, here is the chart shared by Santiment that shows the trend in the Bitcoin Positive/Negative Sentiment over the last few months:

As displayed in the above graph, the Bitcoin Positive/Negative Sentiment recently observed a sharp rise in the zone above 1.0 level and reached a high of 2.1. Such a value corresponds to there being 2.1 bullish comments for every bearish comment on social media platforms.

This peak of 2.1 was the largest value for the ratio since Donald Trump‘s re-election as the US President seven months ago. Thus, clearly, it seems the traders were in quite high spirits around BTC.

This bullish mood was naturally a result of the cryptocurrency’s price recovery rally to levels close to its all-time high (ATH). Despite the positive sentiment, though, BTC has seen a plummet during the past day. The trend of a decline taking place following hype on social media isn’t actually an unfamiliar pattern, however, as Bitcoin and other digital assets have seen it take shape time and again.

It turns out that markets often move in a direction that goes opposite to the expectations of the crowd. This can apply both ways, meaning a bearish sentiment can lead to a bottom as well.

How likely sentiment is to affect Bitcoin’s direction may come down to the strength of the opinion among the traders. The Positive/Negative Sentiment indicated a relatively high level of FOMO earlier, so it may have acted as a contrarian signal for the asset.

The sentiment on social media may now be worth keeping an eye on, as how the retail investors react next could once more provide hints about BTC’s future.

BTC Price

Bitcoin was trading above $110,000 just yesterday, but its price has now come down to $107,000 following the drawdown.

Хакерская группировка Librarian Ghouls взломала сотни компьютеров российских предприятий и технических образовательных учреждений для скрытого майнинга криптовалют, сообщили аналитики «Лаборатории Касперского».

Гендиректор крупнейшей криптобиржи мира Binance Ричард Тэнг (Richard Teng) заявил, что к криптовалютам резко вырос интерес со стороны институциональных инвесторов, включая государственные инвестиционные фонды и сверхбогатых людей.