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Bitcoin options worth nearly $3B to expire on June 13

Bitcoin demand hits record low as short-term holders dump

by admin June 20, 2025

Is fresh interest in Bitcoin fading? A sharp drop in short-term holders and record-low demand momentum suggest that it is.

According to data from on-chain analytics firm CryptoQuant, wallets associated with short-term Bitcoin holders have seen a sharp decline since late May. As of June 19, this group of investors now controls only around 4.5 million BTC, down from 5.3 million on May 27.

The numbers mark a decline of 800,000 BTC, or roughly 15.1%, in less than a month. Short-term holders (STH) are typically investors who bought Bitcoin within the past few weeks or months. In bullish market cycles, this group tends to expand as new entrants buy Bitcoin from long-term holders, fueling price appreciation.

A shrinking STH balance, on the other hand, often signals that fewer new buyers are entering the market, and that those who did recently may be selling, either to take profits or limit losses.

New money is drying up in Bitcoin.

Short-term holders now hold 4.5M BTC, down 0.8M since 27 May.

Demand momentum sinks to –2M BTC, the worst on record. pic.twitter.com/ollWBXHdll

— CryptoQuant.com (@cryptoquant_com) June 20, 2025

CryptoQuant says this is part of a wider slowdown in interest. Demand momentum has plunged by 2 million BTC, the weakest level ever recorded. While spot buying is still happening, it’s also at a much slower pace. Over the past 30 days, Bitcoin demand increased by only 118,000 BTC, down from 228,000 BTC at the end of May.

The decline isn’t limited to retail behavior, as institutional demand is also showing signs of cooling. Whales have reduced their accumulation rate to just 1.7% per month, down from 3.9% a few weeks ago. Additionally, daily purchases by the U.S. Bitcoin ETFs have dropped from 9,700 BTC per day in April to just 3,300 BTC now.

Traders in the futures market are also shifting toward caution. Many sold off their Bitcoin when it hit $110K last week to take profits. Now, more traders are betting against the asset’s price, opening short positions as price slips toward $105K.

Despite the trend, major institutional figures have not slowed down on BTC accumulation.

BlackRock, Strategy, and others bullish on BTC

Earlier this week, BlackRock wrapped up a six-day buying streak, adding $1.4 billion worth of Bitcoin to its portfolio. The purchase boosted its holdings to 670,295 BTC, now valued at $74.8 billion.

Strategy, the largest corporate holder of Bitcoin, also recently added 10,100 BTC to its balance sheet, spending nearly $1.05 billion. The Michael Saylor-led pro-Bitcoin company now holds 592,100 BTC, accounting for around 2.98% of Bitcoin’s total supply.

Japan’s MetaPlanet has also been steadily buying Bitcoin, recently reaching the 10,000 BTC mark. Similarly, Europe-based The Blockchain Group has been growing its holdings, as rising global interest pushes more companies and governments to set new targets and grow their Bitcoin reserves.

Meanwhile, BTC has been moving sideways over the past month between $100,000 and $110,000. At press time, it hovers just over $106,000, roughly up 2.4% from this week’s lowest point.

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June 20, 2025 0 comments

GameFi Guides

Hyperliquid Token Hits 10-Day Low Following Recent Record High

by admin June 20, 2025

In brief

HYPE was recently down about 6% in Thursday trading.
The decline comes just three days after the token of the Hyperliquid exchange reached a record high.
Most altcoins were changing hands in mildly negative territory.

Altcoin Hyperliquid was recently down more than 6% over the past 24 hours, the poorest performer among the 100 leading cryptocurrencies by trading volume in Thursday trading.

HYPE fell below $36 at one point, its lowest level in 10 days, and well off its all-time high of $45.59 set just three days ago, according to crypto data provider CoinGecko. The token of the Hyperliquid decentralized exchange remains up more than 40% over the past 30 days, a result at least partly of its dominant position in perpetual futures trading volume.

Perpetual futures support unusually high amounts of leverage. The token debuted in December 2024.

HYPE’s decline came on an otherwise uneventful day of trading as the U.S. celebrated the Juneteenth national holiday. Most major altcoins were in negative territory or flat with XRP and Solana recently off a few fractions of a percentage point. The market capitalization of the overall crypto market dipped 2.5%.

Rajiv Sawhney, head of iInternational portfolio management, at crypto asset management firm Wave Digital Assets International, attributed HYPE’s drop to a not unexpected retreat by investors who loaded up on the token following recent large buy-ins by Eyenovia and Lion Group, firms looking to create crypto treasuries.

Eyenovia, a NASDAQ-listed U.S.-based ophthalmic technology firm, raised $50 million via a private equity deal to buy over 1 million Hyperliquid tokens earlier this week, while Singapore-based trading platform Lion Group Holdings also recently announced it had secured a $600 million credit facility to build a crypto reserve that will include Hyperliquid.

“This phenomenon has been occurring quite regularly recently, whereby corporates announce a crypto buying program, and the market immediately buys the pop and then sells following the announcement,” Sawhney told Decrypt.

The analyst also highlighted conventional trading trends, among other factors. “Given that HYPE hit new all-time highs, it doesn’t surprise me that the token has witnessed some reversion as the rest of the market has recently been light on volumes and direction.”

Illia Otychenko, lead analyst at CEX.IO, noted a 50% decline in trading volume since mid-May and its “buy-and-burn mechanism” as the cause of the decline.

“The platform’s buy-and-burn mechanism, where HYPE is automatically purchased whenever users pay trading fees, was a key driver of the recent rally,” he said, adding: “As platform activity slows, this price-supporting mechanism has weakened, removing a major source of upward pressure.”

Edited by James Rubin

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June 20, 2025 0 comments

NFT Gaming

Record US Crypto Seizure: $225 Million Claimed From Major Global Scam

by admin June 19, 2025

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

The US Department of Justice (DOJ) announced on Wednesday one of its largest-ever seizures of cryptocurrency, totaling over $225 million, linked to an extensive network of fraudulent “pig butchering” scams.

The civil forfeiture action targets funds traced to a series of deceptive investment platforms that lured individuals with the promise of legitimate cryptocurrency opportunities, only for them to fall prey to sophisticated criminal operations, often based overseas.

Federal Crackdown On Crypto Fraud

Shawn Bradstreet, Special Agent in Charge of the US Secret Service’s San Francisco Field Office, emphasized the significance of this seizure, noting it as a historic milestone in the agency’s efforts to combat crypto fraud. “This seizure marks the largest cryptocurrency seizure in US Secret Service history,” Bradstreet stated.

Bradstreet highlighted the emotional and financial toll these scams exact on victims, underscoring the collaborative efforts among the Secret Service, the Federal Bureau of Investigation (FBI), and private sector partners to trace illicit transactions and identify those affected.

The FBI’s San Francisco Special Agent in Charge, Sanjay Virmani, echoed these sentiments, pointing out the devastating consequences of such investment schemes. “In this case, hundreds of victims lost millions of dollars to an elaborate scheme,” he remarked, commending the investigative team’s diligence in recovering stolen assets.

The FBI continues to pursue the criminals behind these heartless frauds, working alongside federal partners and industry experts to disrupt these malicious networks and recover funds for victims.

Tether’s Key Role

Authorities have linked the fraudulent network to approximately 400 suspected victims globally, including dozens within the United States.

According to FBI data, crypto fraud was responsible for more than $5.8 billion in reported losses last year alone. The seized funds are now subject to forfeiture proceedings, with the aim of eventually returning the money to those who were duped.

In tracing the illicit funds, the US Secret Service and FBI utilized advanced blockchain analysis tools, which proved crucial in uncovering the origins of the stolen assets.

The operation received notable assistance from Tether, the world’s largest stablecoin issuer, USDT, which played a pivotal role in the investigation. The complaint revealed that the funds were connected to extensive money laundering and theft related to confidence scams, which often exploit personal relationships to gain victims’ trust.

The network’s complexity was further illustrated by its reliance on hundreds of thousands of transactions designed to obscure the origins of the funds, employing sophisticated blockchain maneuvers to conceal the flow of stolen assets.

The daily chart shows the total crypto market cap at $3.23 trillion. Source: TOTAL on TradingView.com

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

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June 19, 2025 0 comments

The heroes of 28 Years Later being chased over the causeway.

Esports

28 Years Later quickly breaks 28 Days Later record after first reviews

by admin June 19, 2025

28 Years Later has been hailed as one of the best movies of 2025, and it’s already broken one of 28 Days Later’s records before its release.

The long-awaited film, directed by Danny Boyle and written by Alex Garland, picks up – you guessed it – 28 years on from the events of the first movie.

While Cillian Murphy is expected to return in the next sequel (titled The Bone Temple), this movie will follow new characters; specifically, Spike (Alfie Williams), the son of Jamie (Aaron Taylor-Johnson), and Isla (Jodie Comer). They live on a small island linked to the rest of the country by a single causeway, but they’re forced to venture back onto the mainland.

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Considering the original film is one of the best horror movies of all time (28 Weeks Later is good too), expectations have been high for 28 Years Later – and, if anything, it appears to have exceeded them.

28 Years Later is rated higher than 28 Days Later on Rotten Tomatoes

Sony/Searchlight

28 Years Later is Certified Fresh on Rotten Tomatoes with a 94% score. That’s a big achievement, considering 28 Days Later has an 87% score.

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28 Weeks Later is widely considered to be the worst film in the series – but even then, that still has a 72% score.

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It’s also Danny Boyle’s highest-rated movie on Rotten Tomatoes, followed by 127 Hours (93%), Slumdog Millionaire (91%), and Trainspotting (90%).

In our review, we wrote: “There are moments where 28 Years Later awkwardly combines genres, with comedy and tragedy rubbing shoulders with action and horror, sometimes in the same scene. But the movie works best when telling a simple story of the love between mother and son.”

This won’t be the last record set by 28 Years Later, either. The first film grossed $84.6 million worldwide, while its sequel made $65.8 million.

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28 Years Later is practically guaranteed to make more than that. As per Deadline, it’s looking at a $56 million opening weekend. With word of mouth already strong, it could have long legs into July, though it’ll have to retain theatrical space alongside Jurassic World, Superman, and Fantastic Four.

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28 Years Later hits cinemas nationwide on June 20, 2025. Check out the movie’s ‘dark web’ website, why 28 Years Later cost nearly 10 times more than the original film, and our list of the best zombie movies of all time.

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June 19, 2025 0 comments

NFT Gaming

New Record, Bitcoin (BTC) Price Trapped Now, Here’s When XRP Price Explodes

by admin June 19, 2025

Bitcoin possible breakout
XRP aims high

Dogecoin recently set a regrettable record: the longest run of losses in its recent history, with seven consecutive red daily candles. It makes sense that many investors are alarmed by the meme coins’ dismal short-term technical outlook due to its prolonged decline.

The chart shows that DOGE has now fallen below the 50, 100 and 200 EMAs, the three main moving averages confirming a bearish bias across all of the main trend indicators. After its prior attempt to regain the $0.22 zone, the asset has been unable to sustain upward momentum and has fallen to the $0.16 area.

DOGE/USDT Chart by TradingView

The decline in trading volume is more concerning as it highlights the market’s lack of bullish commitment. Though it is not yet at the point where sharp bounces usually occur, the RSI is circling 34, which is close to the oversold zone. One possible bright spot amid all of this negativity is that Dogecoin is currently trading at a psychological support level of $0.16, which is historically high.

This range has served as a turning point on several occasions in the past, acting as support and resistance based on the mood of the market. With the larger cryptocurrency markets exhibiting slight indications of stabilization, a technical rebound is not impossible if bulls intervene.

A rebound might be possible, but it is unlikely to stop the overall trend unless it is accompanied by a sharp rise in volume and a return above the $0.18-$0.19 range. DOGE is still stuck in a bearish structure with little support until then.

Bitcoin possible breakout

The tightening range in which Bitcoin is currently trading suggests a possible breakout that could cause a big market shift. The chart shows that Bitcoin is wedged between two important moving averages, the 50 EMA serving as support and the 26 EMA serving as resistance. As traders build up positions in expectation of a breakout, this kind of consolidation frequently occurs before a spike in market activity.

The current price action indicates selling pressure from the top, with a string of lower highs and the 50 EMA below offering a strong level of support after serving as a springboard for previous upward moves. When the market gathers momentum, this squeeze formation between convergent EMAs usually results in a strong directional move.

XRP aims high

With its price action coiling into a tight symmetrical triangle, one of the most telling technical patterns when it comes to predicting volatility, XRP is getting close to a critical inflection point. A major breakout, or breakdown, is imminent, as indicated by this triangle that is made up of a sequence of lower highs and higher lows. It also shows a consistent contraction of momentum.

Surprise Roblox game reportedly sets biggest player count record in history

by admin June 17, 2025

Roblox game Grow a Garden has just reached another staggering milestone in terms of concurrent player count, now beating even Fortnite.

The past few weeks have been absolutely massive for a Roblox game called Grow a Garden. It’s been shattering records left and right, with a previous update managing to bring the player count to a whopping 11,694,315 concurrent users.

It didn’t stop there, though. Following the new Working Bees event update, the idle game is back with yet another milestone, as on June 15, 2025, it hit over 16,000,000 concurrent players as seen from reports all over social media.

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With that in mind, the game didn’t just break its own record, but now clears some of the biggest live service games ever and even several top titles on Steam’s most-played charts.

Roblox’s Grow a Garden concurrent player count has reportedly surpassed Fortnite’s peak

If the previous record wasn’t impressive enough, this time, the game has gone beyond and reportedly surpassed Fortnite’s peak player count. For the record, Epic’s Battle Royale title peaked at 14,343,880 six months ago thanks to Chapter 2 Remix’s live event.

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“Grow a Garden” is now the single biggest video game… in the world. 🌍

Today, this single @Roblox experience reached 16,411,769 concurrent users, surpassing the previous world record set by @Fortnite at 14,343,880 in November 2024. pic.twitter.com/9MryxBafE3

— Bloxy News (@Bloxy_News) June 14, 2025

In comparison with other games, according to data from SteamDB, PUBG still holds the highest peak concurrent player count at 3,257,248, which isn’t even half of what Grow a Garden has reportedly achieved so far.

Additionally, even if you combine this number from PUBG with the rest of the games in the top five according to the highest concurrent player records on Steam alone, the total is still less than Grow a Garden’s newest peak.

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Of course, it’s worth taking the intel with a grain of salt for now though. It’s near-impossible to independently verify user data across platforms. But if genuine, it’s a herculean feat.

The premise of Grow a Garden is exactly as its title suggests. Players start growing their own garden from an empty plot by buying seeds, planting and harvesting crops, and even getting exotic plants. As an idle game, the players’ crops will continue to grow even when they’re away.

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Despite the game already managing to attract a large number of players, however, it has also been accused of using bots. That said, Roblox has previously pushed back against this claim.

Speaking to Game File, a spokesperson said: “Grow a Garden’s global success is fueled by exceptional user retention, vibrant social interactions — with friends driving play — and strong Robux engagement. “Our preliminary analysis confirms genuine popularity, not artificial inflation, validating the game’s authentic community-driven growth.”

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June 17, 2025 0 comments

Gaming Gear

With 50 Hours of Battery Life, These Beats Headphones Are at a New Record Low on Amazon

by admin June 15, 2025

Right now, all of those looking to purchase a pair of decent and style-conscious wireless headphones should have the Beats Solo 4 on their radar, especially given that they’re also priced at their all-time low on Amazon. Beats, as part of Apple, is renowned for producing stable sound products that work perfectly with both Apple and Android devices. With the price reduced to only $99, from $200 (50% off), the offer is equivalent to the type of discounts normally experienced on Black Friday.

See at Amazon

Great Reviews

The Beats Solo 4 has received a fantastic 4.6 out of 5 stars based on more than 12,000 reviews and proves widespread satisfaction among customers. This type of endorsement speaks volumes about the quality and reliability of the product and not to mention the extremely high standards of both Beats and Apple. Although these headphones do not possess active noise cancellation per se, they instead offer personalized spatial audio with dynamic head tracking which is actually a superior feature and a whole new level to your listening.

The unique acoustic design and new drivers generate well-balanced sound characteristic of the Beats brand. The ultralight, ergonomic design is comfortable all day, thanks to a flex-grip headband and ergonomically angled and adjustable ear cups that create a solid fit. The UltraPlush cushions are contoured for comfort and endurance so they can be worn for hours on end without irritation.

Perhaps one of the strongest advantages of the Beats Solo 4 is its amazing battery life: With up to 50 hours of playback per single charge, you can listen to these headphones for days without needing to plug them in. Even when you do exhaust the battery, Fast Fuel technology offers just 10 minutes of charging gives you up to 5 hours of playback time. Audiophiles will like the choice of listening in high-resolution lossless audio—delivered over USB-C or a 3.5 mm audio cable—so you’re always listening at the best possible level.

These headphones are completely compatible with both iOS and Android and offer one-touch pairing for easy and hassle-free setup. High-quality call clarity is provided by the onboard microphone and also allows easy communication with voice assistants and keeps you connected and productive on the move.

The current price point of $99 is a rare commodity, and it matches the lowest price points during massive shopping sales like Black Friday. Make sure you get it before it runs out of stok.

See at Amazon

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June 15, 2025 0 comments

Game Reviews

Stellar Blade PC debut welcomes record numbers for a PlayStation published single player release

by admin June 14, 2025

UPDATE 13/6/25: Stellar Blade really has got off to a stellar start on PC, and has now reached a concurrent player peak of 183,830 over on Steam.

The original story continues below.

ORIGINAL 12/6/25: The PlayStation published Stellar Blade made its way onto PC last night, and has got off to a very good start indeed.

According to SteamDB, Stellar Blade has already welcomed a peak player count of 99,980, less than 24 hours since its release on PC. This means it currently has the highest peak concurrent player count for a PlayStation published single player game on the platform.

To compare, Marvel’s Spider-Man Remastered has a peak player count of 66,436, while Horizon Zero Dawn Complete Edition has a peak of 56,557. Meanwhile, The Last of Us Part 1 has a peak of 36,496 and its sequel – The Last of Us Part 2 Remastered – has a peak of 30,690.

Stellar Blade PC features trailer. Watch on YouTube

As for what players are saying, right now Stellar Blade is sitting quite happily with an “overwhelmingly positive” Steam review average. “In a world full of unoptimised slop it really is great to see a game run so smoothly,” reads one such review.

So, yes, things are going well for Stellar Blade’s PC release. Back in February of this year, Shift Up stated in a financial report it expects the PC version to exceed console sales.

“In the AAA game market, PC devices have a higher market share than consoles, so we expect the performance of the PC version to exceed that of the console version,” the company said at the time. “We are particularly observing trends such as the significant expansion of the single-player action game market in the Asian gaming industry.”

Image credit: SteamDB/Eurogamer

Not sure if the game is for you? In Eurogamer’s original Stellar Blade review we noted it “has a fair bit of weirdness”, but ” its killer tunes and vibey, flow-state combat – plus a transformative hard mode – are enough to leave you entranced”.

If you are popping into Stellar Blade for the first time now that the game is available on PC, but need a little helping hand here or there, be sure to check out our guides. Here’s one on all Stellar Blade can locations to get you started.

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June 14, 2025 0 comments

Crypto Trends

TRON (TRX) Sharpe Ratio Signals ‘Far from Overheating’ as USDT Activity Hits Record High

by admin June 13, 2025

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

TRON (TRX) is currently seeing a price decline, trading at $0.2773 after a 4.8% dip in the past 24 hours. This places the token at roughly 35.7% below its all-time high of $0.4313 recorded in December 2024.

While the recent downtrend reflects broader market conditions, some analysts believe that underlying indicators point to room for recovery. Among these indicators is the Sharpe Ratio, a key measure of risk-adjusted return.

Sharpe Ratio Suggests TRX May Be Entering Constructive Phase

On-chain analyst Burak Kesmeci recently shared his perspective on CryptoQuant’s QuickTake platform, emphasizing how the Sharpe Ratio for TRX may provide clues about market sentiment and potential price movement.

According to Kesmeci, TRX’s current Adjusted Sharpe Ratio stands at 8.3, well below the historical signal of market overheating, typically seen above 40.

TRON (TRX) Sharpe Ratio. | Source: CryptoQuant

Kesmeci noted that historically, TRX tends to perform well when its Sharpe Ratio holds above 1. Periods when the ratio dips below that level often coincide with bearish market phases.

The recent rebound above 1 suggests that the token may be entering a more constructive phase, particularly as the ratio remains well within a range that does not reflect speculative excess.

He also pointed to the recurrence of similar setups earlier in 2025, which preceded notable price recoveries as leveraged short positions unwound.

TRON Leads in USDT Transfers as Whale Activity and Minting Intensify

Meanwhile, another analyst, maartunn, shared insights on TRON’s role in stablecoin activity, noting that May 2025 marked a record month for USDT transfers on the network.

TRON facilitated $694.54 billion in USDT (TRC-20) transfers during the month, with 59% of that volume, around $411.2 billion, coming from whale transactions over $1 million. TRON currently holds the largest amount of stablecoins across any blockchain, with $75.7 billion in USDT alone.

The analyst also pointed to an increasing frequency of large-scale mints. Seventeen separate $1 billion USDT mints have been recorded on TRON so far this year, highlighting the network’s expanding role in digital dollar settlement.

With more than 10.5 billion transactions processed, TRON’s infrastructure continues to support substantial on-chain activity. The increasing dominance of TRC-20 USDT reflects both user demand and the appeal of low-fee, high-throughput transaction capabilities.

TRON Sets New USDT Record: $691B in Transfers, $411B from Whales

Stablecoins are becoming a key part of crypto adoption. Among them, $USDT leads the way, and its largest network (TRON) is setting new records.

Let’s dig in 🧵 pic.twitter.com/g1Hznskn0E

— Maartunn (@JA_Maartun) June 11, 2025

Taken together, the Sharpe Ratio data and record-breaking USDT flows offer insights into the current state of the TRON ecosystem. Despite the recent price retreat, metrics suggest that traders are not yet overly bullish and that the network is benefiting from a strong foundation in stablecoin activity.

TRX price is moving upwards on the 2-hour chart. Source: TRX/USDT on TradingView.com

Featured image created with DALL-E, Chart from TradingView

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June 13, 2025 0 comments

GameFi Guides

Ethereum ETFs Record Best Day in 4 Months With $125 Million in Investments

by admin June 11, 2025

In brief

Spot Ethereum ETFs generated $125 million in inflows on Tuesday.
The surge coincides with Ethereum’s rise above $2,800 for the first time in nearly four months.
Spot Ethereum ETFs have now generated $745 million over the course of an 11-day hot streak.

Spot Ethereum exchange-traded funds generated $125 million in inflows on Tuesday, representing their best daily performance since early February, CoinGlass data showed.

BlackRock’s iShares Ethereum Trust ETF (ETHA) led the eight funds with $80 million in net inflows.

The surge coincides with Ethereum’s rise above $2,800 for the first time in nearly four months.

The last time overall inflows eclipsed that mark was on Feb. 2, when investors stuffed $276 million into BlackRock’s ETHA and Ethereum’s price stood at $2,900.

Ethereum was recently changing hands around $2,853, a 4.8% increase over the past day, according to crypto data provider CoinGecko. That represented the asset’s highest price since U.S. President Donald Trump’s trade war began rattling markets globally. Although Bitcoin has set new all-time highs since then, the second-largest cryptocurrency by market cap has remained far below its 2021 peak of nearly $4,900.

Analysts say that Ethereum’s recent strength stems from comments made by SEC Chair Paul Atkins on Monday. During a roundtable discussion focused on decentralized finance, or DeFi, Atkins said that the agency was looking into “innovation relief” for entities engaged in the emergent subsector. Atkins detailed other steps that the agency is also taking to become more accommodating of the emergent crypto subsector that features autonomous protocols built around smart contracts.

Spot Ethereum ETFs have now generated $745 million over the course of an 11-day hot streak. Since they debuted last July, they have generated around $3.5 billion in net inflows.

The uptick in inflows on Tuesday was “notable due to Ethereum’s smaller institutional base,” Valentin Fournier, lead research analyst at BRN, wrote in a note. “This signals renewed confidence in the crypto rally, especially among large players,” he added.

Last week, Ethereum co-founder Vitalik Buterin predicted that Ethereum’s ability to process transactions will improve tenfold over the next year. Instead of focusing solely on layer-2 networks, he advocated for solutions that would help scale Ethereum’s main network, avoiding congestion issues that were especially notable during the pandemic-era crypto boom.

Edited by James Rubin

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Start every day with the top news stories right now, plus original features, a podcast, videos and more.

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June 11, 2025 0 comments