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How Circle’s IPO Stacks Up Against Other Crypto Market Debuts

by admin June 6, 2025

In brief

Circle stock closed at $83.23, up 168% from its $31 IPO price, after multiple trading halts due to volatility.
The company raised $1.1 billion by listing 34 million shares under the ticker CRCL on the NYSE.
Circle ended the day with a market cap of $18.4 billion, below Coinbase’s $85 billion debut but above eToro and Fold.

Circle stock surged Thursday as the stablecoin issuer began trading on the New York Stock Exchange, marking one of the strongest debuts by a crypto-native firm in recent memory.

The offering raised nearly $1.1 billion, giving Circle a closing market capitalization of $18.4 billion, positioning it behind sector giants but ahead of smaller entrants.

Trading under the ticker CRCL, Circle listed 34 million shares and quickly attracted investor demand. The stock opened at $69 and peaked at $103.75 intraday, with trading halted multiple times during the session due to volatility.

Its stock closed at $83.23, representing a 168% leap from its IPO price of $31 per share.

“With the IPO market open for business in the US, this will have an important trickle-down effect on the entire crypto M&A and financing market,” Casper Johansen, partner and co-founder of the Spartan Group, told Decrypt. “IPOs release liquidity for early investors. This liquidity gets put back into the system via new investments and VCs raising new funds. It also gives the newly listed companies firepower to pursue M&A transactions as they now can pay both with cash and their shares.”

That, in turn, gives VCs and investors “more confidence in financing companies” as there is a path to liquidity through IPOs and M&A, Johansen added. “And this trickles all the way down to the early-stage investments too.”

Circle’s debut comes as a growing number of crypto companies eye initial public offerings, a trend that has gained traction amid the U.S.’ pro-crypto pivot under U.S. President Donald Trump.

The stablecoin giant’s strong first-day performance stands in contrast to several high-profile listings in the sector, though its valuation reflects a more tempered investor outlook.

Coinbase, the largest U.S. crypto exchange, went public via direct listing in April 2021 with an $85 billion valuation. Shares gained 31% on debut before pulling back, and the stock has since been closely tied to broader crypto market cycles.

Robinhood began offering crypto trading in 2018 and went public in 2021 at a $29 billion valuation. While crypto contributed to its growth story, the company remained primarily a stock and options platform, unlike crypto-native firms such as Circle or Coinbase.

Multi-asset brokerage platform eToro went public via a SPAC in 2023 at a valuation of around $5 billion, and Bitcoin rewards app Fold completed a SPAC merger in February 2025, valuing the company at approximately $224 million. Circle’s $18.4 billion valuation places it at the lower end of that range.

First-day stock performance, however, tells a different story.

Circle’s 168% gain was the strongest among recent crypto listings. Fold rose roughly 30% on debut, while Coinbase rose 31%, and eToro rose just 4%. Robinhood, meanwhile, fell more than 8% on its first day.

Edited by Sebastian Sinclair

Editor’s note: Adds comments from The Spartan Group CEO

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June 6, 2025 0 comments

Product Reviews

Elon Musk’s Feud With President Trump Wipes $152 Billion Off Tesla’s Market Cap

by admin June 6, 2025

It took only a few hours to wipe $152 billion of value from Tesla’s market cap and more than $100 million in value from TrumpCoin.

The end of the bromance between Elon Musk and President Donald Trump has been brewing for weeks, but on Thursday the breakup went nuclear. Musk took to the platform he owns, X, to lambast Trump’s “One Big Beautiful Bill,” which includes provisions that restrict immigration, limit green energy subsidies, and is estimated to increase the US deficit by $2.4 trillion. Trump shot back on Truth Social, the platform he owns, to say that Musk is against the bill only because it would take away electric vehicle tax credits that Musk’s company, Tesla, benefits from. It quickly devolved into dozens of posts, most of them from Musk, who claimed Trump is in the Epstein Files—which is, he claims, why they haven’t been made public.

Tesla’s stock is down roughly 14 percent at the time of writing, which is the biggest single-day hit to its market cap in years. Trump’s crypto coin is down nearly 10 percent.

This is a high-stakes divorce for everyone involved. Trump claimed he would terminate Musk’s governmental subsidies and contracts, which help rake in billions of dollars for companies like Tesla and SpaceX. In return, Musk posted that he would decommission SpaceX’s Dragon spacecraft, which is used by NASA to transport cargo and astronauts to the International Space Station, “immediately.” Steve Bannon, a Trump ally and vocal critic of Musk, told The New York Times that he “is advising the president to cancel all of Musk’s contracts and launch several investigations.”

“They should initiate a formal investigation of his immigration status because I am of the strong belief that he is an illegal alien, and he should be deported from the country immediately,” Bannon said. It has been reported that Musk may have lied on his visa forms, which would likely have made it illegal for him to work in the United States in the 1990s.

Tesla’s stock drop comes at a delicate time for the electric-vehicle maker. This month, the company is due to debut its long-awaited (and much-delayed) robotaxi service in Austin, Texas. Musk has said that investors should think of Tesla as a robotics and autonomous vehicle technology company rather than an electric automaker—putting its self-driving tech and humanoid robot ambitions, rather than new car models, at the center of its now $916 billion market capitalization. Bloomberg reported that the company has internally targeted next week for a launch. Musk has repeatedly claimed that his AI company, xAI, would also soon release a new model, though the launch has been delayed.

Tesla’s latest quarterly results, posted in April, were its worst in years as production, deliveries, and sales fell, particularly in Europe. The company has scaled down its ambitions to produce a more affordable electric vehicle, nixing plans to use new and advanced manufacturing techniques. Musk attempted to placate worried investors by announcing that he would leave his so-called Department of Government Efficiency (DOGE) post and return to his companies, including Tesla, mostly full-time.

Musk denied Thursday that his about-face on Trump has anything to do with electric vehicle subsidies. Musk has maintained since he joined Trump’s campaign that Tesla does not need federal tax credits, which can reach $7,500 per car, to sell its vehicles. But in an X post, Musk betrayed the first inklings of annoyance with Trump’s EV policy. “Keep the EV/solar incentive cuts in the bill, even though no oil & gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill,” he wrote.

Since February, thousands of protesters opposing Musk’s and Trump’s politics—everything from their climate stances to the actions of DOGE—have gathered outside of Tesla showrooms and service centers across the world. What began as a grassroots movement now has a central organization and a name: the Tesla Takedown. On Thursday afternoon, organizers put out a three-word statement: “Sell, Sell, Sell.”

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June 6, 2025 0 comments

Gaming Gear

AMD claims ‘regional market demand’ is why we’ve seen few 8 GB RX 9060 XT reviews, implying low VRAM isn’t really for the West

by admin June 5, 2025

Budget GPU launches over the last couple of months should have been received with mainstream excitement, but this has been hampered not just by real-world pricing issues but also by VRAM. Gamers haven’t seemed particularly happy with 8 GB options, especially when first Nvidia and then AMD seemed to keep them away from the bulk of popular reviewers. And on this point, AMD claims to have an explanation.

Veritable PC hardware demigod Linus Tech Tips (LTT) has shared what is implied to be a communication from AMD with the company stating that the lack of 8 GB AMD Radeon RX 9060 XT graphics cards given to popular reviewers is due to “regional market demand.” This is similar to what Nvidia has told us before.

Specifically, AMD says: “As for the 8 GB models, AMD has enabled global reviews of both 16 GB and 8 GB models of the Radeon RX 9060 XT based on regional market demand. So in short, yes, there are some other global publications that are receiving 8 GB models for testing.”

We ourselves received just a 16 GB version of the new graphics card which launched yesterday, and it looks like most others received the same, with only a couple of reviewers being given an 8 GB version (Uniko’s Hardware, for instance).

The concern is that AMD could be trying to limit review coverage of the 8 GB version because it knows it will be slated by the western media as not good enough for gaming in modern titles at higher resolutions than 1080p. As long as initial reviews are for the 16 GB version, positive opinion might be cemented (so the thinking goes).

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8 GB can get you by at 1080p, and it can do less asset-rich games at higher resolutions, but you’ll need more VRAM than that to make the most of some AAA games even at lower resolutions and even some non-AAA games at higher resolutions.

This is the same criticism that many pitched at Nvidia when it launched the RTX 5060 Ti and seemed to do the same as AMD has now done, limiting the number of 8 GB versions that go out for review. Then the RTX 5060 launched and that doesn’t have a 16 GB version at all, nor did Nvidia seem keen on letting us review that one ahead of release.

Though it’s worth noting the RTX 4060 Ti launched in 8 GB form first and 16 GB later, following consumer pressure to launch the higher VRAM version and despite Nvidia’s protestations. Also AMD launched the 8 GB RX 7600 first last generation, followed by the 16 GB RX 7600 XT.

Chief architect of gaming solutions and gaming marketing at AMD, Frank Azor, has been defending the existence of 8 GB GPUs.

(Image credit: Future)

AMD’s response to LTT implies that none of this is AMD trying to squash 8 GB reviews but is instead a simple matter of efficient distribution and marketing. If western markets don’t tend to go for the 8 GB versions, and if the media responds negatively to them, then why ship samples out for review there? Companies don’t have to ship review samples that they don’t think will be beneficial from a business standpoint, after all.

This might be true, but it only shines a light on the question of why the western market might not have much time for an 8 GB version of the RX 9060 XT. And this, arguably, comes down to pricing. Moving down from 16 GB to 8 GB won’t nerf performance massively in most games at 1080p or even 1440p, but the difference isn’t inconsequential, either. And of course there’s the question of longevity, too. Given this, it’s reasonable that many might want more than a mere $50 saving for the 8 GB version compared to the 16 GB one.

Though even at the lower price, would some still be critical of an 8 GB card? You can’t please everyone…

It’s also worth noting that based on what Nvidia has told us, it shared this view. In a previous discussion, Nvidia had told us that the RTX 5060 Ti 8 GB was a good decision for markets outside the West; it’s for a global audience.

None of this detracts from the prowess of the 16 GB versions such as the one we tested, of course. The RX 9060 XT is a great card for its $349 MSRP. That’s $80 cheaper than the RTX 5060 Ti 16 GB and it outpaces the latter by 14–23% at both 1080p and 1440p depending on whether you use upscaling and frame gen.

All of this price talk could, of course, be rendered pointless over the coming weeks and months depending on what real-world prices are like outside of the mythical lands of MSRP. We’ll have to wait and see.

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June 5, 2025 0 comments

Crypto Trends

Fed Beige Book flags modest decline in activity, stable labor market

by admin June 5, 2025

In a live reaction to the Federal Reserve’s Beige Book release Wednesday afternoon, Bloomberg’s Federal Reserve and economics reporter Catarina Saraiva highlighted an increasingly cautious mood across U.S. businesses and consumers.

Saraiva stated the Federal Reserve’s Beige Book is “pretty similar” report to what we have seen this year, pointing to slight declines in activity and a labor market holding steady.

Saraiva emphasized how uncertainty, particularly tied to trade tensions and tariffs, continues to weigh on decision-making. She added that businesses and consumers “are kind of waiting to see how this tariff fight plays out.”

The Beige Book mentioned tariffs a total of 122 times, and that “economic activity declining modestly” was a recurring theme across multiple regions, she noted.

Consumer spending holds

Despite fears that tariffs would depress household spending, Saraiva said U.S. consumers have remained surprisingly resilient. The consumer, she said “has stayed strong” and a “big part of that is the labor market.” Retail sales increased slightly, but there’s been a drop in big-ticket purchases.

On inflation, Saraiva pointed to an ongoing concern at the Fed: the risk of inflation expectations becoming unanchored. “That completely takes away the Fed’s ability to control prices,” she warned. However, she noted that most market-based inflation measures remain stable, despite some recent volatility in sentiment surveys.

Michelle Bowman seen as a steady, regulation-light Fed candidate

Saraiva also discussed her recent reporting on Michelle Bowman, U.S. President Donald Trump’s pick for the Federal Reserve’s Vice Chair for Supervision. Bowman, currently a Fed governor, is known for her support of lighter-touch regulation and opposition to recent proposals for increased capital requirements.

“Her views are very widely known… she’s kind of aligned with the industry when it comes to [regulation],” Saraiva said.

She added that Bowman still advocates for rigorous supervision and has called for an independent review of the Silicon Valley Bank collapse.

Bowman could also be in the running to succeed Jerome Powell as Fed Chair, Saraiva added. She’s already on the board and has “proven herself to be a dedicated policymaker.”

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June 5, 2025 0 comments

Crypto Trends

How to Analyze Market Moves Like a Pro

by admin June 4, 2025

Key takeaways

ChatGPT can simplify and accelerate crypto analysis by interpreting market data, summarizing sentiment and generating strategy templates.
Real traders use ChatGPT for bot development, technical interpretation and backtest simulation, showing practical applications beyond theory.
Its strength lies in augmenting, not replacing, human trading decisions, especially when paired with tools like TradingView and LunarCrush.
Limitations include a lack of real-time data and occasional prompt misinterpretation; success depends on prompt clarity and manual oversight.
Combined with external platforms, ChatGPT becomes part of a powerful hybrid workflow for retail and professional crypto traders.

In the fast-paced world of cryptocurrency, staying ahead of market trends is not just an advantage — it’s a necessity. With thousands of coins, ever-shifting prices and global economic factors influencing value in real time, crypto markets can be overwhelming to monitor and analyze. Traditional methods often fall short in speed, depth and insight.

Enter ChatGPT, an AI-powered assistant that transforms how traders and investors engage with data. ChatGPT helps users process vast amounts of information with clarity and confidence, from decoding complex charts to summarizing market sentiment.

This article explores how to use ChatGPT for crypto analysis, from generating market insights to crafting personalized trading strategies using historical data and real-time sentiment cues.

Whether you’re a beginner experimenting with your first trade or a seasoned investor managing a diverse portfolio, AI tools like ChatGPT are rapidly becoming indispensable in crypto investing.

Understanding ChatGPT’s role in crypto analysis

ChatGPT, developed by OpenAI, is a language model trained on a massive data set capable of interpreting, summarizing and generating human-like text based on input prompts. It understands patterns in data and can translate numbers, events and sentiment into actionable insights.

For crypto traders and analysts, ChatGPT can help with:

Extracting insights from technical indicators and trading metrics
Summarizing sentiment from social media and crypto news
Drafting and refining crypto trading strategies
Performing qualitative risk assessments and scenario planning
Generating conceptual price prediction scenarios based on current data and trends.

However, ChatGPT cannot predict future prices with real-time accuracy. Any forecasts or scenarios it offers are purely hypothetical and should not be interpreted as investment advice.

Even if ChatGPT doesn’t replace live data feeds or pro-level analysis tools, it boosts productivity, enhances clarity, and complements other technical and analytical platforms.

The above is an example of a user who asked ChatGPT to create a crypto trading bot that places trades when relative strength index (RSI) divergence trend lines are broken and exits on hidden divergence or 5% profit, using BTC/USDT on a 15-minute chart with a directional movement index (DMI) above 20. DMI is a technical analysis indicator that helps identify whether an asset is trending and the strength of that trend.

Step-by-step guide: How to use ChatGPT for crypto market analysis

Step 1: Define your objective

Before prompting ChatGPT, identify what you want to achieve:

Are you trying to determine if it’s a good time to enter the market?
Are you researching a specific coin or trend?
Are you designing a new trading algorithm?

Clear, outcome-focused objectives result in sharper, more relevant AI responses.

Step 2: Use clear, structured prompts

The effectiveness of ChatGPT is largely driven by the quality of your input. Be specific and concise. Example prompts:

“Analyze the recent BTC price trend using historical data and moving averages.”
“Summarize Ethereum sentiment from X, Reddit, and crypto news articles for the past week.”
“Generate a scalping strategy using RSI, MACD, and 15-minute chart intervals.”

For example, ChatGPT was tasked with designing a bot to trigger trades only when the RSI dropped below 30 and the moving average convergence/divergence (MACD) showed divergence. It not only generated the Pine Script logic but also recommended adding volume filters to reduce false signals.

The above script looks for strong buying opportunities when the market is oversold and momentum starts to shift upward. It checks if the price has recently hit a low, momentum (MACD) is improving, and RSI is very low, then it signals a potential bounce by placing a buy order.

Step 3: Analyze technical indicators

ChatGPT can break down indicators like relative strength index (RSI), Bollinger Bands, Fibonacci retracements, moving average convergence/divergence (MACD) and more. Although it cannot access real-time charts, you can input data points such as:

ChatGPT will interpret the technical conditions and provide logical explanations for what those signals may mean.

Step 4: Evaluate market sentiment

Crypto markets are highly influenced by sentiment. Fear, hype and FOMO can drive price action more than fundamentals. ChatGPT can help assess the emotional tone of the market by analyzing user-provided summaries or scraped content:

Here’s ChatGPT’s response:

Step 5: Backtest trading strategies (conceptually)

While ChatGPT isn’t designed to perform statistical backtesting, it is good at conceptual validation. You can describe a strategy and ask it to walk through how that strategy would have performed under different historical conditions:

ChatGPT will simulate the outcomes (as in the image above) based on historical assumptions and explain the strengths and weaknesses. Still, for numerical accuracy, this should be cross-checked using actual backtesting software.

Step 6: Simulate scenarios and predictive outcomes

Predictive analysis is where ChatGPT could shine as a strategic advisor. Traders can input hypothetical scenarios and request implications:

When asking ChatGPT, it responded that if US inflation spikes to 8% and interest rates rise by 1.5%, Bitcoin (BTC) could face short-term bearish pressure due to reduced liquidity but may gain long-term appeal as an inflation hedge.

It is important to understand that ChatGPT could give speculative insights based on historical logic and sentiment patterns, not real-time or statistically driven predictions.

Examples prompts for ChatGPT-powered crypto trading

The quality of your prompts defines the quality of insights you’ll get. Below are well-rounded examples tailored for active traders, combining technical, onchain and sentiment analysis:

Build a swing trading strategy for XRP (XRP) using RSI < 30 and MACD. Include stop-loss and take-profit guidelines.
Generate a weekly market summary for BTC, ETH and SOL, including price action, volume changes and major news catalysts.
Compare recent onchain trends between Polygon and Avalanche. Focus on active addresses, gas fees and total value locked (TVL).
Project DOT price movement over the next 90 days, assuming Polkadot ETFs are approved. Consider market sentiment and historical ETF launch effects.
Summarize recent stablecoin-related regulatory changes in the EU and US and explain how they might affect DeFi protocols and centralized exchanges.

These prompts provide examples for traders who want to use AI to support their research and analysis. While helpful for speeding up insights, they should not be relied on for making final trading decisions.

Benefits of using ChatGPT in crypto trading

ChatGPT for crypto traders is a dynamic extension of your toolkit, whether you’re evaluating crypto signals, backtesting logic or summarizing trends. It empowers crypto traders by offering:

Accessibility: No coding experience needed. Anyone can ask smart questions and receive detailed answers.
Speed: Generate comprehensive analysis, strategy templates or summaries in seconds.
Customization: Tailor every response to your specific needs, from swing trading to long-term hodling.
Adaptability: ChatGPT can shift between fundamental, technical and sentiment-based perspectives.
Automation: With integrations, ChatGPT can be built into bots or dashboards for continual analysis.

Limitations of ChatGPT

Despite its power, ChatGPT has some limitations you should be aware of:

No real-time data: Unless connected to APIs or plugins (in advanced ChatGPT versions or via third-party tools), ChatGPT cannot fetch live prices or charts.
Not licensed financial advice: ChatGPT offers general guidance, not professional investment advice. You should never rely solely on AI-generated output for financial decisions.
Prompt quality matters: The AI is only as good as the input it receives. Clarity and detail are critical.
No quantitative accuracy checks: It cannot verify data correctness without validation from external sources or live APIs.

Integrating ChatGPT with other crypto tools

To unlock ChatGPT’s full analytical potential, it helps to pair it with specialized platforms that deliver real-time data, visual analysis and automation.

The following tools serve as critical extensions that enhance ChatGPT’s interpretive power:

Real-time market feeds: Use CoinGecko, CoinMarketCap or Messari to supply ChatGPT with current market stats via manual input or APIs.
Charting platforms: Extract RSI, MACD and other indicators from TradingView, CoinGlass, Glassnode or CryptoQuant for ChatGPT to interpret.
Onchain and sentiment analytics: Feed data from Santiment, Nansen or LunarCrush into ChatGPT to analyze wallet flows, token velocity and sentiment trends.
Automation tools: Use Zapier, Make or Python bots to trigger ChatGPT workflows based on alerts or price actions.
Advanced plugins (Pro): Extend ChatGPT’s capabilities with plugins like Link Reader to fetch real-time info directly.

By combining ChatGPT’s pattern recognition and synthesis with the precision of crypto tools, you create a hybrid analysis stack that’s AI-assisted, data-driven and ready for action. But always remember, AI insights should guide, not replace, critical thinking and due diligence.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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June 4, 2025 0 comments

Crypto Trends

Uniswap gains protocol volume while Lightchain AI gains attention from market movers

by admin June 4, 2025

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

Uniswap strengthens its DeFi dominance through growing L2 adoption, while Lightchain AI captures rising interest from strategic investors ahead of its mainnet launch.

Uniswap continues to gain protocol volume, strengthening its position as a leading decentralized exchange with growing user activity. Meanwhile, Lightchain AI is drawing a different kind of attention, speculative interest from real market movers and strategic investors. Having completed all 15 presale stages and now entering the Bonus Round, Lightchain AI is gaining momentum through its AI-native blockchain infrastructure.

Featuring a purpose-built virtual machine and a consensus model that rewards meaningful computation, the platform appeals to those seeking innovation and long-term value. As the July 2025 mainnet launch approaches, Lightchain AI is quietly becoming a major focus for savvy market participants.

Uniswap strengthens lead with consistent protocol-level activity

Uniswap (UNI) said in the first quarter of 2025 it had generated $140m and had $95m on its balance sheet, which it described as a strong financial profile.

One of the key contributors to this rapid increase is the transition of trading activity to L2 networks. Rather incredibly, Unichain (Uniswap’s L2 scaling solution on Optimism’s superchain) supports 75% of Uniswap v4 transaction volume, more than on Ethereum mainnet. This move has been encouraged by Unichain’s speedier transactions and lower fees which improve people’s experience, and its potential to scale further.

Additionally, with Uniswap’s move to L2 platforms like Base, volumes have soared to new highs with the protocol hitting more than $15.65 billion in monthly trading volume on Base in January of 2025. These developments illustrate how and why Uniswap is so central to the ever-evolving DeFi infrastructure.

Lightchain AI draws interest from high-impact market participants

Lightchain AI is drawing speculative interest from high-impact market participants who see beyond surface-level hype. With all 15 presale stages completed and a $21 million raise secured, the Bonus Round now offers fixed pricing, creating an ideal entry point for strategic buyers.

Unlike typical projects, Lightchain’s appeal lies in its substance; a builder-first tokenomics model, public GitHub launch at mainnet, and a $150,000 grant fund already fueling development. High-performance infrastructure, featuring sharding for scalability, Zero-Knowledge Proofs for privacy, and a fully operational AIVM, reinforces its technical strength.

Token holders participate in democratized governance, ensuring community-driven growth. Lightchain AI is rapidly becoming the platform of choice for those who recognize smart innovation and want exposure before the broader market catches on.

Investors flock to Lightchain AI tokens

Lightchain AI tokens are users’ chance to support a platform built on innovation, with cutting-edge features, a rock-solid technical foundation, and a community-driven governance model.

By securing tokens now, traders are not just joining a revolutionary platform, they are positioning themselves to benefit as its value grows. With a $150,000 grant already driving rapid development, Lightchain AI is set to take the crypto world by storm.

To learn more about Lightchain AI, visit the website, X, or 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 4, 2025 0 comments

NFT Gaming

President Trump’s Truth Social Aims For A Slice Of The Bitcoin ETF Market

by admin June 4, 2025

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

President Donald Trump’s Truth Social platform is taking a significant step toward introducing its own Bitcoin exchange-traded fund (ETF). This move is intended to compete with the world’s largest asset managers, who have increasingly adopted cryptocurrencies over the past year.

Trump’s Truth Social Files For Bitcoin ETF

On Tuesday, NYSE Arca, the all-electronic division of the New York Stock Exchange (NYSE) responsible for most exchange-traded fund trading, filed a 19b-4 form to list a Bitcoin fund associated with Trump’s media company. This filing is a crucial prerequisite for regulatory approval, enabling the fund to launch and trade on a US exchange.

Named the Truth Social Bitcoin ETF, this fund is designed to mirror the price movements of the market’s leading cryptocurrency, providing a more accessible avenue for investors to gain exposure to the cryptocurrency without the need to hold the asset directly.

This initiative comes on the heels of a partnership announced in March between Trump Media and Crypto.com, aimed at developing a range of digital asset products slated for release later this year, contingent on regulatory approval.

$2.5 Billion Bitcoin Treasury And Upcoming ETF

According to a CNBC report on Tuesday, the upcoming offerings are expected to include a mix of cryptocurrencies, such as Bitcoin and Crypto.com’s native Cronos (CRO) token, alongside traditional securities.

These products will be branded under Trump Media and made available to a global audience through major brokerage platforms and the Crypto.com app, which serves over 140 million users worldwide.

Since the launch of spot Bitcoin ETFs in January 2024, the market has experienced remarkable growth, swelling to over $130 billion in total assets. BlackRock’s iShares Bitcoin Trust (IBIT) currently dominates the market, boasting nearly $69 billion in assets, making it the largest digital asset manager globally.

These investment products contributed significantly to the record high reached by BTC last week, nearing the $112,000 mark. Over the past two weeks, BlackRock’s IBIT ETF, Fidelity’s FBTC, and Grayscale’s Mini Trust ETF have received nearly $1 billion in inflows, according to Farside data.

Trump is the majority owner of Truth Social’s parent company, Trump Media & Technology Group, which has made several strategic moves aligned with the cryptocurrency sector in recent months. These moves include trademarking digital asset products and announcing a $2.5 billion Bitcoin treasury plan last week in Las Vegas.

According to the CNBC report, if the Truth Social Bitcoin ETF is approved, it would represent one of “the most politically connected entries” into the already successful Bitcoin exchange-traded fund market.

The daily chart shows the TRUMP memecoin’s price consolidation. Source: TRUMPUSDT on TradingView.com

When writing, the TRUMP memecoin trades at $11.21, down over 84% from its all-time high of $73 reached one day after its launch.

Featured image from DALL-E, chart from TradingView.com

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 4, 2025 0 comments

NFT Gaming

Dems Say They’re Blocked From Info on Verge of Crypto Market Structure Bill Hearings

by admin June 3, 2025

On the eve of a U.S. House of Representatives hearing to scrutinize a bill to establish rules for the crypto markets, Democrats said they’ve been stymied from seeking technical information about its effects from the U.S. Securities and Exchange Commission, according to staffers.

Regulatory agencies such as the SEC routinely give technical analysis to lawmakers, answering questions about the potential effects of legislative efforts such as the Digital Asset Market Clarity Act that would establish regulatory guardrails for digital assets. Democratic staff on the House Financial Services Committee submitted questions to the SEC about the bill and in a briefing were denied basic answers that were previously given to Republicans, according to the Democratic aides who asked not to be named. The agency also didn’t offer its subject-matter experts for the discussion, they said.

On Tuesday, the panel’s ranking Democrat, Representative Maxine Waters of California, prepared a letter to SEC Chairman Paul Atkins to demand “comprehensive technical and impact analysis” of the crypto market structure bill. She included several pages of questions in a draft reviewed by CoinDesk, contending that “fulsome answers to the questions raised above are necessary for the American people, through their representatives in Congress, to determine whether this legislative proposal addresses the unique risks related to crypto, and would foster the needed environment for responsible innovation to take root.”

The SEC “provides technical assistance to any Member of Congress who seeks it, including on these crypto-related bills,” a spokesperson told CoinDesk when asked about the complaints.

One of the staffers said that the SEC Crypto Task Force’s Landon Zinda, who moved to the agency from crypto advocacy group Coin Center in February, was meant to brief them but was unable to answer basic questions.

The House committee is set to hold the Clarity Act hearing on Wednesday after having recently introduced the long-negotiated legislation, a successor of the last sessions’ Financial Innovation and Technology for the 21st Century Act (FIT21). The House Agriculture Committee, which also has jurisdiction over the regulation of digital assets, is running its own hearing at the same time.

This bill represents the central policy goal of the crypto industry, which contends that it needs clear U.S. regulations to encourage investors who’ve waited on the sidelines and to keep crypto innovators from moving overseas.

The Democratic staffers say that members have concerns about the traditional securities firms finding loopholes in this major legislation that will allow them to skirt existing securities regulations.

But congressional Democrats haven’t acted as a block when it comes to this and a related stablecoin bill also making its way through the legislative process. While some leaders, including Waters, have opposed advancing crypto legislation, other Democrats have joined with Republicans to move bills forward in both the House and Senate.

Read More: Planned Crypto Hearing in U.S. House Derailed by Democrat Revolt

UPDATE (June 3, 2025, 20:01 UTC): Updates with a response from the SEC and further information from sources.

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June 3, 2025 0 comments

NFT Gaming

Altcoin Market Cap Flashes A Bullish Cross – Is The Next Altseason Brewing?

by admin June 3, 2025

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

Bitcoin continues to dominate a major part of the broader crypto market over altcoins as the flagship asset displays strength and resilience, indicated by its notable price performance above the $100,000 mark. However, these non-BTC assets seem primed to make waves once again as the alt market cap makes a crucial move, hinting at a bullish reversal.

An Impending Shift Toward The Upside For Altcoins

After a period of sideways movements, altcoins appear to be gearing up for a positive move. Presently, alts are glimmering with newfound optimism as the general market cap of altcoins makes a key bullish cross, suggesting a potential rebound.

Ted Pillows, a seasoned market expert and investor, spotted the cross following his examination of alts market cap on the daily time frame chart. The cross identified by the market expert is a Golden Cross, which is an indication of growing upside momentum.

A Golden Cross typically unfolds when a short-term moving average crosses over a long-term moving average. Furthermore, it is a technical signal that suggests a possible shift in market trend, particularly from a negative to a positive trend.

Source: Ted Pillows on X

With the golden cross appearing on the alt market cap, a signal often considered as a potential catalyst for significant price gains, it implies robust resilience from the non-BTC assets during a period of bearish pressure. The emergence of the cross is likely to usher in a fresh wave of rallies for altcoins as they begin to show strength for an upward move.

While a golden cross has emerged, Pillows highlighted that alt market cap has been consolidating above the 50 and 200 Exponential Moving Average (EMA) since May. A consolidation above these EMAs may seem worrying, but it is usually considered a signal for underlying strength that could materialize into a notable upside move in the near future.

According to the expert, alts would witness remarkable bullish movements once this posture starts to move upward, which implies that the ongoing consolidation phase is just a calm before the storm.

Altseason Becoming Highly Probable

As the alt market cap makes a golden cross, this further increases the possibility of an impending altcoin season. On-chain expert and verified author Joao Wedson previously revealed that the market is entering a period where many alts are no longer following Bitcoin’s path.

This decoupling from Bitcoin’s price trajectory seems to have increased the likelihood of an altseason as the expert foresees a bullish phase for the assets. Despite BTC hovering near record highs, Wedson noted that most alts have little room left to drop, except for some of the top market-cap coins.

Such a development typically indicates a phase where capital starts shifting into non-BTC assets. Thus far, Wedon has warned investors about holding BTC and stablecoins during this period as he claims that an altcoin season is inevitable this cycle.

Total market cap excluding BTC at $1.17 trillion | Source: TOTAL2 on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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June 3, 2025 0 comments

GameFi Guides

XRP Payments Drop 45% Amid Crypto Market Correction

by admin June 2, 2025

As the broad crypto market finds its balance amid rising pressures from increasing numbers of sellers, XRP has also seen its on-chain activities decline over the last month, according to data from XRPSCAN.

XRP’s payment volume down

The data shows that XRP’s on-chain payment volume has declined from the $538,949,662 it achieved on May 2, 2025, to just $295,104,737 as of June 2, 2025.

While this marks a significant drop of about 45% in XRP’s month-to-month payment volume, it signals a notable decrease in the use of XRP for executing transactions over the past month. This negative trajectory has been experienced across the broader crypto market due to pressures from macroeconomic distress.

Source: XRPSCAN

Following this plunge in XRP’s payment volume, the price of XRP has remained stable around $2.17 after experiencing a significant decrease, falling as low as $2.10 from a high of $2.40 in the past week.

XRP’s poor on-chain performance was fueled by the high volatility witnessed across the crypto market last week. This resulted in XRP recording a sharp weekly decline of 6.15% in price, according to data from CoinMarketCap.