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Pi Network price eyes strong rebound as rare pattern forms

by admin June 21, 2025

Pi Coin’s steep decline since May reflects waning hype and thinning liquidity following its mainnet launch, but technical patterns and upcoming events suggest a potential reversal.

As volatility dries up and the price consolidates within a classic bullish wedge formation, momentum may return ahead of Pi Day 2 on June 28 and ongoing domain auction excitement.

While risks remain, the stage is quietly being set for a possible rebound driven by both chart signals and fresh ecosystem developments.

Technicals point to a Pi Network price comeback

Yes, Pi Coin (PI) crashed into a deep bear market after plunging by over 60% from its highest point in May. It dropped to $0.5370 on Saturday, June 21, with its 24-hour volume falling to $74 million from a peak of $3 billion after its mainnet launch in February.

The eight-hour chart shows that the Pi Coin price jumped to a high of $1.6675 in May. This surge happened as investors waited for the promised ecosystem news during the Consensus event in Toronto.

It then plunged after the developers launched Pi Network Ventures, a $100 million fund to invest in startups.

The chart shows that the MACD indicator has continued falling, a sign that it is not volatile. Similarly, the three lines of the Donchian Channels have narrowed, also a sign that they are not volatile.

A period of low volatility is often a sign of accumulation among investors, which results in a bullish breakout.

Pi Network price has formed a falling wedge pattern, consisting of two descending and converging trendlines. A falling wedge is often a highly bullish reversal sign.

The two lines of this wedge have narrowed, meaning that the coin may have a strong bullish breakout in the next few weeks. If this happens, the next potential target to watch will be $1, which is about 85% above the current level.

The bullish Pi Coin price forecast will be invalidated if it drops below the key support at $0.3940, its lowest point this month.

Pi Network price chart | Source: crypto.news

Pi Day 2 could be a catalyst

Pi Network has some potential catalysts that may push it higher in the longer term. For example, it could gain traction ahead of Pi Day 2 celebration on June 28.

Also known as Tau Day, it is an alternative to the main Pi Day on March 14. This commemoration will happen on the same day that the .pi domain auction ends. Pi Domains had over 123,000 active bids and over 3 million bids during the auction.

Another potential catalyst for Pi price is the ongoing ecosystem growth. In a note, the developers cited several applications that have launched on the network, including FruityPi, a fruit-matching game. Pi Network may also rebound as the odds of Federal Reserve cuts rise.

In a statement on Friday, Christopher Waller, a Fed Governor, said that the bank may cut rates as early as July, which may benefit Bitcoin and other coins.

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June 21, 2025 0 comments

GameFi Guides

Bitcoin, Dogecoin Targeted as Norway Eyes Ban on New Crypto Mining Operations

by admin June 21, 2025

In brief

Norway’s government has said it is planning to impose a temporary ban on new crypto mining operations.
The country has cracked down on crypto mining before.
But the country’s ruling Labor Party also said power used for mining digital assets could be put to better use, including for community data centers, and blockchain.

Norway is cracking down on Bitcoin—again.

The country’s Labor government said in a statement Friday that it would investigate a temporary ban on new power-intensive crypto mining operations. According to the statement, the power used for mining digital assets could be put to better use, including for community data centers and blockchain.

“During the fall of 2025, the government will explore the possibility of temporarily prohibiting the establishment of new data centers in Norway that extract cryptocurrency with the most power-consuming technology,” the statement read.

The government added that “the useful use of blockchain technology and AI is also important,” and that it wouldn’t want to “impede innovation and development in areas that are useful to society.”

Energy minister Terje Aasland added: “By prohibiting power-intensive mining of cryptocurrencies, we can free up land, power and grid capacity for other consumption that contributes to a greater extent to value creation, jobs and cuts in greenhouse gas emissions.”

The statement did not reveal which cryptocurrencies it was concerned about and did not immediately respond to Decrypt‘s questions.

By far, the crypto mining industry mainly focuses on minting the leading digital asset, Bitcoin, but other large proof-of-work assets that require mining include Dogecoin, Bitcoin Cash, and Litecoin.

It wouldn’t be the first time the Scandinavian country has cracked down on crypto mining: In 2018, the country’s government ended electricity subsidies for Bitcoin miners.

Moreover, despite an abundance of hydroelectric-generated power, Norway’s electricity prices have recently surged as the country absorbs energy costs stemming from declines in wind power among European neighbors via prior agreements with those countries. Governments around the world have previously cracked down on Bitcoin mining—most notably China, which experienced an exodus of miners to the U.S. after authorities banned the practice.

Mining Bitcoin and other cryptocurrencies is a power hungry business. Operations are scattered around the globe. Miners typically flock to where they can find cheap electricity to fuel their set-ups: warehouses full of specialized computers that process transactions on a crypto network.

Other industries, including AI, also use enormous amounts of electricity.

Bitcoin was recently trading at about $103,755, roughly flat over the past 24 hours, CoinGecko data shows.

Edited by James Rubin

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June 21, 2025 0 comments

AVAX eyes $45 amid explosive on-chain activity; New presale contender emerges

GameFi Guides

AVAX eyes $45 as Neo Pepe presale gains major traction

by admin June 19, 2025

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Avalanche aims for $45 as on-chain activity surges, while meme-powered Neo Pepe steals the spotlight with a breakout presale.

Avalanche (AVAX) is currently experiencing significant upward momentum, aiming ambitiously toward the $45 mark, driven by an impressive surge in on-chain activity. Currently trading at $18.98, AVAX has observed a remarkable increase in daily transactions, surpassing 1.2 million, a notable 26% growth.

Technical analysis indicates a likely breakout from its symmetrical triangle pattern, clearly establishing support levels at approximately $18–$19 and resistance around $30. Analysts forecast that if this bullish trend continues, AVAX could achieve impressive growth into the $45–$55 range, making it an attractive proposition for both short and medium-term investors.

Neo Pepe Coin emerges as top performer

While AVAX attracts significant market attention, Neo Pepe (NEOP) is rapidly rising in prominence, distinguishing itself as a notable cryptocurrency contender. The ongoing Neo Pepe Presale has witnessed overwhelming support, surpassing $1.3 million in contributions, placing it firmly within Stage 4 at a competitive token price of $0.08.

Such progress underscores not only the strength of its passionate and active community but also investor confidence in its robust growth prospects as a possible leading presale option of the year.

Neo Pepe vs. Avalanche: Comparative analysis

While Avalanche focuses intensively on blockchain infrastructure and technical innovation, Neo Pepe uniquely merges the viral potency of meme culture with strong decentralized governance principles and a commitment to community involvement. Its 16-stage presale structure cleverly incentivizes early investors by progressively increasing token prices at each subsequent stage, rewarding prompt participation and strategic foresight.

Neo Pepe’s treasury management, fully governed by its DAO, empowers its community to allocate funds transparently and strategically. The hourly token unlocking mechanism following the presale is specifically designed to maintain market equilibrium and prevent large-scale sell-offs.

Furthermore, Neo Pepe integrates a 2.5% automatic liquidity fee on Uniswap transactions, permanently locking liquidity and providing a stable, decentralized, and trustless market environment.

Is Neo Pepe truly different?

Rejecting superficial crypto buzz, Crypto Gems 2.0 delivers a refreshingly candid exploration into the Neo Pepe presale. Instead of merely echoing hype, this analysis thoughtfully dissects the core aspects making Neo Pepe intriguing, like its detailed presale strategy, proactive liquidity mechanisms, and authentically decentralized governance.

More than highlighting benefits, Crypto Gems 2.0 carefully weighs each element, openly discussing whether these promises can realistically hold up under the scrutiny of real-world market forces. The result is a clear-eyed yet optimistic narrative.

3 key reasons why Neo Pepe is captivating crypto investors

Neo Pepe’s growing appeal can be clearly attributed to several compelling factors:

Innovative meme-governance integration: Neo Pepe distinctively combines meme culture’s widespread appeal with rigorous decentralized governance frameworks.
Transparent, audited, and secure tokenomics: The project’s comprehensive auditing and transparent, well-defined tokenomics reassure investors.
Enhanced community empowerment: Neo Pepe prioritizes active community involvement, providing genuine governance influence to its investors.

How to participate in the Neo Pepe movement

Participation in the Neo Pepe presale is streamlined and user-friendly, designed to provide clarity and ease for investors. Prospective participants can conveniently visit the Neo Pepe official website to contribute using widely accepted cryptocurrencies, including ETH, USDT, and USDC. Investors benefit from real-time monitoring of their token allocations and unlocking schedules, ensuring transparency, confidence, and informed investment decisions.

Crucial considerations for prospective investors

Potential investors are strongly advised to thoroughly understand Neo Pepe’s pioneering tokenomics and distinctive presale structure when attempting to grasp its positioning as one of the leading presales in recent times. A comprehensive familiarity with DAO governance mechanisms and the functionalities of smart contracts is also highly recommended. Active engagement with community platforms and resources is crucial for obtaining timely updates and gaining in-depth insights, significantly enhancing investor preparedness.

Conclusion

Neo Pepe warmly invites visionary crypto enthusiasts, innovative investors, and meme culture aficionados to join this exciting community-driven initiative. Seize this opportunity to participate in reshaping the future of decentralization and meme culture within the rapidly evolving cryptocurrency ecosystem.

For continuous real-time updates, detailed presale information, and active community engagement, join the dynamic discussions on Telegram.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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June 19, 2025 0 comments

GameFi Guides

China’s Digital Marketplace Eyes Stablecoin For Faster Payments

by admin June 19, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

JD.com is moving fast. The $90 billion Chinese e‑commerce giant unveiled a plan this week to cut cross‑border payment times from days to seconds. Shares ticked up to $33.90 at the open before slipping back to $33.45 by the close.

JD Launches Blockchain Payment Pilot

According to JD’s chairman Liu Qiangdong, the first step involves a pilot in Hong Kong’s stablecoin sandbox. His team at Jingdong Coinlink Technology wants to show that typical B2B payments, which now take two to four days and carry hefty fees, can settle in under 10 seconds.

They’re using Zhizhen Chain, the same blockchain network that already moves about $7 billion a year in supply‑chain finance.

JD com Chairman Richard Liu said the company plans to apply for stablecoin licenses globally to reduce cross-border payment costs by 90% and cut settlement time to under 10 seconds. After B2B, JD aims to expand stablecoin payments to consumers worldwide. JD is one of the largest…

— Wu Blockchain (@WuBlockchain) June 17, 2025

Image: PYMNTS

Speed And Cost Benefits Highlighted

Based on reports from JD.com, fees could fall by as much as 90%. For many exporters and wholesalers, slashing costs and waiting times could free up cash flow and cut paperwork.

Companies that once dealt with multiple banks and clearinghouses would trade directly with buyers using stablecoins pegged to local currencies. That shift could save millions in bank charges every year.

Total crypto market cap currently at $3.21 trillion. Chart: TradingView

Consumer Platform Ambitions

JD isn’t stopping at business deals. The plan is to tie stablecoins into its e‑commerce checkout experience for nearly 600 million active users. With warehouses and delivery routes in 20 countries, JD could let shoppers pay in digital tokens anywhere the company ships.

Analysts say JD.com may even nudge its vast network of merchants to accept Jingdong’s own stablecoin, helping people switch from cash and cards to a faster digital option.

Image: Asia Fund Managers

Regulatory And Competitive Hurdles

Hong Kong’s Stablecoin Ordinance, set to roll out in full by August 2025, gives players like JD and Ant Group a clear path to approval. Still, moving money across borders means jumping through legal hoops in multiple jurisdictions.

Based on industry chatter, Ant’s Alipay arm is lining up for licenses in Singapore and Luxembourg at the same time. Western firms such as PayPal and MasterCard already have token‑based systems under test. JD will need solid compliance and local partners to keep pace.

Market watchers estimate the global stablecoin market at roughly $250 billion this year, with growth to nearly $1 trillion by 2030. That surge is driving banks and tech firms to rethink payments.

JD.com’s bet is that its existing blockchain, tied directly into retail and finance, gives it an edge. It’s a big bet, but if the pilot proves out, waiting days and paying steep fees could become a thing of the past for companies and consumers alike.

Featured image from South China Morning Post, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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June 19, 2025 0 comments

GameFi Guides

Bitcoin Might Be Flat, But Traders Have Their Eyes on This Shiny New Token: Analysis

by admin June 18, 2025

In brief

Bitcoin is testing the $104K line as global tensions and $1.2B in liquidations rattle markets.
Aerodrome Finance rockets 35% after Coinbase announces integration of Base DEX.
Despite short-term chaos, there’s reason for optimism in crypto markets.

Bitcoin might be uninteresting for traders at the moment, but there’s at least one altcoin today that’s got the market buzzing—and it’s all stemming from an eye-popping tie-up with the leading crypto exchange in the U.S., Coinbase.

First, the backdrop: The global cryptocurrency market isn’t doing much right now, sitting at around a $3.25 trillion market cap and pretty much flat in the past 24 hours. But that might be welcome news for the crypto investors who already suffered heavy losses earlier this week. Plus, if we zoom out, total crypto market capitalization is up for the year, gaining roughly $500 million in the last three months.

The Crypto Fear & Greed Index sits near 65, reflecting neutral-to-bullish sentiment that supports dip accumulation rather than panic exits. Recent geopolitical tensions involving the Israel-Iran conflict, the potential involvement of the United States in the war, and $1.2 billion in leveraged liquidations have created market turbulence.

But despite the short-term volatility, institutional support for crypto remains robust with U.S.-based ETFs having sustained net inflows during the last two weeks, and BlackRock’s iShares Bitcoin Trust rapidly surpassing the $70 billion mark in assets under management.

Bitcoin: Testing support levels

Bitcoin trading data. Image: TradingView

Bitcoin is currently trading at around $103,7410, a very close to the $104,000 support level. The daily chart reveals a consolidation phase that could determine the next major move. Trading volume decreased to $49.4 billion, down 10% from yesterday.

The technical picture shows Bitcoin at a crucial inflection point, but still neutral to bearish based on the overall pattern of lower highs ($112k, $110k, $108k) since May, meaning bulls are still able to make the price bounce—just not enough to keep momentum.

The Average Directional Index, or ADX, which measures how strong a price trend is, confirms the pattern. Sitting right now at 16 points in a “No Trend” zone, the indicator points to a consolidation phase instead of strong directional momentum. This sideways action often precedes significant moves in either direction. Generally speaking, a trend is solid if the indicator is over 21 points.

The Relative Strength Index, or RSI, measures how natural the price movement of a coin might be. Right now, it hovers at 45, placing Bitcoin in neutral territory, with traders waiting to see what happens next.

The 50-day and 200-day Exponential Moving Averages, or EMAs, both show a long signal with the golden cross pattern still intact, supporting the longer-term bullish structure. A “golden cross,” in trader parlance, happens when the short term prices (represented by the EMA50) cross over the long term average (represented by the EMA200) and is generally interpreted as a bullish sign.

Key technical levels to monitor:

Immediate resistance: $106,500 (recent rejection zone)
Major resistance: $108,800-$110,000 (psychological zone where sellers have consistently defended)
Critical resistance: $112,000 (all-time high region)
Immediate support: $102,000-$103,000 (current test zone)
Major support: $100,000 (psychological level)
Critical support: $93,200 (200-day EMA region)

AERO: Defying market gravity

AERO trading data. Image: TradingView

While Bitcoin consolidates and most altcoins bleed, Aerodrome Finance, which trades as AERO, is today’s brightest star, surging more than 80% in June and 14.78% today, to its current price of $0.8379. Aerodrome markets itself as “the central trading and liquidity marketplace” on Coinbase’s Ethereum layer-2 network Base.

Late last week, Aerodrome Finance announced that its DEX is going to be integrating “directly” into the main Coinbase app. The same one you likely already have installed on your phone. This means Aerodrome will soon gain exposure to Coinbase’s 10.8 million monthly active users. So, yeah, it’s easy to see why traders are bullish on AERO, which currently enjoys a $680 million market cap on a $1.3 billion fully diluted valuation.

“We will be integrating DEXs from @base directly into the main @coinbase app, enabling Coinbase users to access and trade millions of assets onchain.”

Aerodrome’s best-in-class trading execution will soon be coming to millions of @coinbase users. The world is coming onchain. 🛫 pic.twitter.com/O6tpIlt0oW

— Aerodrome (@AerodromeFi) June 12, 2025

The daily chart for AERO confirms the obvious: exceptionally strong bullish momentum. The price has decisively broken above the critical $0.78 resistance level. This breakout occurred on substantial volume, confirming genuine buying interest at least in the short term.

The ADX reading of 30 with a long trend signal indicates moderate to strong trend strength developing. Unlike Bitcoin’s directionless ADX of 16, AERO’s 30 reading suggests a directional move is underway with increasing momentum.

The RSI sits at 65.96—bullish without reaching overbought territory above 70. This leaves room for further upside before technical indicators suggest exhaustion. The 50-day EMA is going upwards looking to cross over the 200-period EMA to produce a golden cross. If this happens, then the bullish correction can be confirmed as a serious price trend, as the average price of the token in the short term would be higher than the price of the token a long time ago.

Key technical targets and levels:

Immediate resistance: $0.88 (23.6% Fibonacci level and the week’s high)
Major resistance: $1.30 (50% Fibonacci retracement, psychological level and the the point in which the death cross happened)
Extended target: $1.40-$1.60 (if momentum continues)
Support levels: $0.70 (psychological level)
Next support: $0.66 (weak target)
Critical support: $0.55

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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June 18, 2025 0 comments

NFT Gaming

Coinbase Eyes SEC Green Light for Trading of Tokenized Stocks: Reuters

by admin June 17, 2025

In brief

Coinbase, America’s largest crypto exchange, said it is hoping for regulators’ approval to launch tokenized stocks.
The SEC back in May said it was interested in such an idea.
Tokenized stocks would mean equity in a company could move on a blockchain.

America’s largest crypto exchange Coinbase hopes to soon offer trading services for tokenized equities, according to a Reuters interview with the firm’s chief legal officer published Tuesday.

Paul Grewal said that it was a “huge priority” for Coinbase to secure SEC approval to allow such assets to trade. In an X post afterwards, Grewal said that he was merely echoing a Coinbase position made public this spring.

“We’ve been saying since earlier this year that [the SEC] should enable markets to unlock tokenized securities,” he wrote.

Exciting? Yes. Important? Absolutely. But breaking news? Not exactly. We’ve been saying since earlier this year that @SECGov should enable markets to unlock tokenized securities. Tokenized debt, equity, and investment funds present an opportunity for tailored regulation for…

— paulgrewal.eth (@iampaulgrewal) June 17, 2025

Decrypt reached out to Coinbase for additional comment, but a spokesperson pointed to Grewal’s X post as its comment on the matter.

If approved, equities such as tech stocks would be tokenized and offered via blockchain networks, potentially leading to lower transaction costs and 24-7 trading, Grewal said. A tokenized stock is a digital asset that represents equity in a company.

Decrypt in April reported that SEC regulators at a digital assets roundtable said that the agency would be open to a regulatory sandbox for crypto exchanges to experiment with new offerings. This could include things like tokenized stocks, Acting SEC Chair Mark Uyeda said at the time.

Commissioner Hester Peirce, who heads up the SEC’s new crypto task force, said that “participating firms could see what works and what doesn’t, technically and commercially.”

Just last week, SEC Chair Paul Atkins affirmed that perspective, noting plans for an “innovation exemption” to let DeFi builders experiment on-chain with new products. The news was well received by traders, as Ethereum DeFi tokens broadly rose in value following the comments.

The SEC under the new Trump administration has taken a more crypto-friendly stance. Under Democratic ex-president Joe Biden’s leadership, the regulator went after top crypto firms with lawsuits for allegedly breaking securities laws.

But since U.S. President Donald Trump took charge on Jan. 20, the SEC has scrapped a number of those lawsuits. Trump campaigned on a ticket to help the digital asset space and received financial backing from industry leaders.

Coinbase isn’t the only American exchange planning to offer tokenized stocks. Kraken in May said it would soon offer over 50 U.S.-listed stocks and exchange-traded funds to overseas customers using the Solana blockchain.

Edited by James Rubin

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June 17, 2025 0 comments

NFT Gaming

Bitcoin Riding Global Liquidity Wave? Analyst Eyes $150,000 Target

by admin June 17, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Crypto analysts are predicting that Bitcoin (BTC) may be poised for a significant move to the upside as it tracks the expansion of global liquidity. Several experts anticipate that the top cryptocurrency could post new all-time highs (ATHs) in the near to medium term.

Is Bitcoin Tracking Expansion In Global Liquidity?

According to a recent X post by crypto analyst Jelle, BTC appears to be following the trajectory of rising global liquidity. The analyst shared the following chart suggesting that Bitcoin is on track to reach a new ATH of $150,000 in the coming months.

Source: Jelle on X

A similar perspective was offered by fellow crypto analyst Master of Crypto. The analyst provided a more detailed explanation of how BTC is aligning with movements in the global M2 money supply.

For the uninitiated, global M2 money supply refers to the total amount of money – including cash, checking deposits, and easily convertible near money – circulating across major economies. It is often used as an indicator of global liquidity, with increases typically supporting asset price growth, including cryptocurrencies like Bitcoin.

Master of Crypto shared the following chart comparing BTC’s price with movements in global M2 money supply, using a 76-day lag. He noted that this time-offset metric has historically offered more accurate long-term signals, and correlates with Bitcoin’s price at a rate of 76%.

Source: Master of Crypto on X

In related analysis, crypto trader Merlijn The Trader drew comparisons between gold’s price pattern and that of BTC. He shared the following chart indicating that Bitcoin is mirroring gold’s cup and handle pattern, which often signals continued price appreciation.

Source: Merlijn The Trader on X

To explain, the cup and handle pattern is a bullish formation that resembles a rounded “cup” followed by a brief consolidation or “handle” before a breakout. It typically indicates a continuation of the existing uptrend, often leading to new highs.

Meanwhile, noted analyst Titan of Crypto pointed out a golden cross formation on the daily BTC chart. The last time this pattern appeared – back in April 2025 – BTC experienced a parabolic rise, ultimately hitting an ATH of $111,682.

Source: Titan of Crypto on X

More Room To Run For BTC

Several on-chain and macro indicators suggest that BTC may still have more upside in this cycle, especially when compared to previous rallies. Notably, the current market lacks widespread retail investor participation, implying that the rally has yet to enter a euphoric phase.

Similarly, the Puell Multiple continues to signal that the bull run is intact. However, a recent spike in miner-to-exchange transfers has raised concerns about a potential sell-off. At press time, BTC trades at $107, 686, up 1.8% in the past 24 hours.

BTC trades at $107,686 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from X and TradingView.com

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June 17, 2025 0 comments

Crypto Trends

SRM Stock Soars 580% as Justin Sun’s Tron Eyes Nasdaq Debut

by admin June 16, 2025

In brief

SRM Entertainment, a Florida-based producer of theme park merchandise, plans on renaming itself Tron, while tapping Justin Sun as an advisor, and adopting TRX as a treasury reserve asset.
The company’s stock price soared of 550% after the moves were announced.
Trump-link investment bank Dominari Securities is spearheading the deal.

Tron, the layer-1 network founded by controversial crypto entrepreneur Justin Sun, is set to debut on the Nasdaq through a reverse merger with SRM Entertainment, a purveyor of theme-park merchandise, The Financial Times reported on Monday.

Citing two people briefed on the matter, the outlet reported that Dominari Securities, a boutique investment bank with ties to U.S. President Donald Trump’s two eldest sons, is spearheading the deal involving the eighth largest cryptocurrency by market value.

On Monday, SRM said in a press release that Sun was tapped as an advisor to the Winter Park, Florida-based firm, alongside a $100 million equity investment from a “private investor.” In the statement, Dominari is listed as the “exclusive placement agent” of an offering involving preferred and common stock that’s valued at $210 million.

The company, which specializes in “toys and souvenirs for the world’s largest theme parks” plans to change its name to Tron, and begin accumulating the Tron (TRX) to maximize shareholder value, as part of its “Treasury Strategy,” SRM added.

Tron was recently changing hands around $0.028, a 3.3% increase over the past day, according to crypto data provider CoinGecko. As of noon Eastern Time, SRM’s stock price had soared over 580% to $9.45, per Yahoo Finance.

SRM plans on instituting a dividend policy once the firm is able to establish a “TRX staking program,” and in a statement Sun highlighted how Tron has positioned his platform as a “leader for cross border settlement” using stablecoins.

The U.S. Securities and Exchange Commission, which accused Tron and his companies of market manipulation and selling unregistered securities in 2023, agreed to pause the high-profile case in February as both sides “explore a potential resolution.”

Sun’s ties have deepened with the Trump family over time. The billionaire attended a private dinner for the president’s meme coin last month, receiving a gold watch as the top eligible VIP holder. Sun has also invested $75 million in World Liberty Financial, a decentralized finance, or DeFi, project backed by members of the Trump family.

Dominari, headquartered below the Trump Organization’s offices in Trump Tower, counts Donald Trump Jr. and Eric Trump as members of its advisory board. Per the Financial Times, Dominari was once the sole parent company of American Bitcoin, a Trump-back Bitcoin miner that has started stockpiling the asset.

Tron did not immediately respond to a request for comment from Decrypt.

Edited by James Rubin

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June 16, 2025 0 comments

Crypto Trends

Bitcoin, Ethereum Break Resistance Ahead of Monday Volatility; XRP Eyes $3

by admin June 16, 2025

The cryptocurrency market is expected to kick off the week with a bullish surge, as Bitcoin (BTC) and Ethereum (ETH) shattered key resistance levels, signaling potential volatility ahead of Monday’s trading session. Meanwhile, XRP is stealing the spotlight, with analysts predicting a climb toward $3 as the crypto community awaits the decision on the long-running Ripple-SEC lawsuit today.

Bitcoin and Ethereum Smash Resistance Levels

As per CoinMarketCap data, Bitcoin surged past $107K earlier today, breaking the critical resistance in the $106K range. The flagship crypto has been stabilizing after a volatile week, with market sentiment highly influenced by recent geopolitical tension and anticipation around the upcoming FOMC meeting.

At the time of writing, Bitcoin is trading near $106,727—increased with decent gains of 1.35% in the past 24 hours.

Source: CoinMarketCap

Ethereum (ETH) followed suit, with it surging past $2,600 and marking a daily high of $2,630—as per CoinMarketCap data. The current rally in ETH price reflects increasing optimism about Ethereum’s role in decentralized finance (DeFi) and tokenized assets, with the recent stablecoin trend further supporting its price momentum.

Analysts attribute the current market strength to renewed institutional interest and macroeconomic factors, including anticipated U.S. Federal Reserve decisions on interest rates.

XRP Poised for Breakout as Ripple-SEC Deadline Looms

XRP, trading at approximately $2.26, is at a critical juncture as the crypto market braces for a potential resolution in the Ripple-SEC legal saga. Today marks a procedural milestone, with a status report due in the U.S. court, which could determine whether Ripple and the SEC finalize a settlement.

A finalized agreement could classify XRP as a non-security, paving the way for spot XRP exchange-traded funds (ETFs) and boosting investor confidence. This optimism is likely to send the XRP price soaring, potentially breaking above $3, if the broader market sentiment favors it.

Trending Crypto Today

BTC (Bitcoin)
ETH (Ethereum)
SOL (Solana)
XRP (XRP)
ALT (Altlayer)

Top Gainers and Losers Today

Gainers LosersAB (AB): +13%FORM (Four): -4%SPX (SPX6900): +11%GT (GateToken): -3%HYPE (Hyperliquid): +10%PI (Pi Coin): -2%

Crypto Market Cap Overview

As per CoinMarketCap data, the global crypto market capitalization currently sits at $3.33 trillion in valuation, increased 1.54% today. The 24-hour trading volume for crypto markets has surged 30% to $103 billion.

Also read: Amazon Pours $13.4B to Boost AI, Cloud Infrastructure in Australia

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June 16, 2025 0 comments

GameFi Guides

HYPE price eyes $50 as Hyperliquid crosses $2b milestone

by admin June 15, 2025

Hyperliquid jumped by 330% from its lowest level in April and could be on the verge of more gains after crossing a key $2 billion milestone.

Hyperliquid’s (HYPE) price was trading at $40.4 on Sunday, June 15, a few points below the all-time high of $43.96. Its market capitalization has moved to $13 billion, while its fully diluted valuation rose to $40.75 billion.

DeFi Llama data shows that the total value locked of Hyperliquid’s layer-1 chain has jumped to $2.01 billion after soaring by 70% in the last 30 days. This growth makes it the 11th biggest chain in the crypto industry, passing popular networks like Cardano, Hedera Hashgraph, and Near Protocol.

The biggest players in Hyperliquid’s layer-1 network are Hyperliquid itself, Hyperlend, Felix, Morpho, and Hyperbeat.

Further data shows that Hyperliquid has become one of the biggest players in the stablecoin industry. It has $3.7 billion of stablecoins in its layer-1 network, a big increase from $2 billion in January this year.

An increase in stablecoin volume is a sign that the network is highly active. Most importantly, Hyperliquid is the sixth biggest player in the stablecoin industry after Ethereum, Tron, Solana, BNB Chain, and Base.

Meanwhile, Hyperliquid’s perpetual exchange has continued to gain share in its industry. It handled over $4.43 billion worth of transactions in the last 24 hours, much higher than the other top-ten platforms combined. Its monthly volume jumped to $242 billion.

More data shows that investors are staking their HYPE tokens, as the staking market cap has jumped by 16% in the last seven days to $17.1 billion.

HYPE price technical analysis

Hyperliquid price chart | Source: crypto.news

The eight-hour chart shows the HYPE price has been in a strong uptrend in the past few months, moving from a low of $9.29 in April to $40 today. It has moved above the ascending trendline that connects the lowest points since May 12.

Hyperliquid token is above the 50-period and 100-period moving averages and the key support at $39.94, the highest point in May. Therefore, the token will likely continue rising as bulls target an all-time high of $43.95. A move above that level will point to more gains, potentially to the psychological point of $50.

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June 15, 2025 0 comments