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Ethereum Treasury Aims to Foil Short Sellers With ‘Loyalty Payment’ as Shares Trade at Discount to Holdings

by admin August 18, 2025



In brief

  • BTCS is paying investors a “loyalty payment” to make shares illiquid.
  • The company’s shares are trading below the value of its crypto holdings.
  • BTCS CEO Charles Allen said short sellers are targeting the firm.

Ethereum treasury firm BTCS has offered investors a one-time payment for making their shares illiquid on Monday, saying that it would help them foil Wall Street short sellers.

Those who hold BTCS shares with the company’s transfer agent will receive a “loyalty payment” of $0.35 per share in January, the company said in a press release, while unveiling a $0.05 dividend that will be payable in Ethereum in September as well.

BTCS shares rose nearly 9% to $4.81 on Monday, according to Yahoo Finance. Shares have cooled from a three-year high of $8.49 last month but are still up 83.4% year-to-date.



BTCS’ shares trade at a discount relative to its crypto holdings. Although the company held 70,000 ETH worth $303 million on Monday, its market cap stood around $215 million, yielding a so-called mNAV of 0.75, the lowest among firms tracked by Strategic Ethereum Reserve.

Experts say that discounts can spell danger for crypto treasury firms, constraining their ability to raise funds in a way that would increase the amount of crypto they own per share.

BTCS CEO Charles Allen told Decrypt on Monday that the discount stems from hedge funds betting on a drop in BTCS’ stock price, as opposed to a lack of investor confidence in BTCS or its $100 million Ethereum-buying plan unveiled last month.

“People are betting against us,” he said. “If 90% of our shares are held by retail shareholders in four brokerage firms, and those brokerage firms pull all the shares together and loan them out to the short sellers, [then] we have a major problem.”

BTCS’ short interest represented 7.4% of the company’s float, according to Fintel. That was relatively higher than Ethereum treasury firms BitMine Immersion Technologies and SharpLink Gaming, totaling 4% and 6.5% on Monday, respectively. 

Allen’s call for investors to move shares to “book entry” with the company’s transfer agent is reminiscent of a scheme devised by GameStop’s community, in which the meme stock’s devotees organized to directly register shares with Computershare.

By registering shares with the company’s transfer agent, investors can effectively restrict how those securities are used. Platforms like Robinhood and Charles Schwab typically allow customers to opt out of stock lending programs, albeit to varying degrees of difficulty.

As BTCS shareholders tap the company’s transfer agent, the hope is that “shares available to borrow are going to get squeezed out,” making it more costly to short the stock, Allen added

BTCS uses an Equity Stock Transfer agent as its record keeper, and Allen acknowledged that there may be drawbacks for certain investors because they can’t readily sell their shares. Processing a transfer may take three to five business days.

Allen noted that BTCS, established in 2013, runs Ethereum validators and a block-building business, in addition to its Ethereum treasury strategy. The company has also leveraged decentralized finance protocols, such as AAVE, to raise capital, he added.

BTCS shareholders have to fill out a form on the company’s website and provide a digital wallet address in order to receive the dividend, dubbed a “Bividend,” in the form of Ethereum. If shareholders take no action, they will receive $0.05 per share through traditional means.

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2025 NBA mock draft: 59 picks as trade talks heat up for 30 teams
Esports

2025 NBA mock draft: 59 picks as trade talks heat up for 30 teams

by admin June 17, 2025


  • Jonathan Givony

    Close

    Jonathan Givony

    ESPN

      NBA draft analyst and writer
      Joined ESPN.com in July 2017
      Founder and co-owner of DraftExpress.com, a private scouting and analytics service used by NBA, NCAA and international teams
  • Jeremy Woo

    Close

    Jeremy Woo

    ESPN

      NBA draft analyst and writer
      Joined ESPN.com in 2023
      Covered the NBA and NBA draft for Sports Illustrated from 2015-2023

Jun 17, 2025, 02:01 PM ET

With the 2025 NBA draft eight days away (June 25-26, 8 p.m. ET on ABC and ESPN), 30 teams are deep into their predraft process, working out top prospects and narrowing down their draft boards in preparation for the two-round event.

The Dallas Mavericks, owners of the No. 1 pick thanks to winning the draft lottery despite a 1.8% chance of doing so, have no plans to work out any other prospects other than Duke’s Cooper Flagg for the top choice. The Mavericks have scheduled a private visit with the national player of the year on Tuesday.

This latest mock draft, which reflects a thorough evaluation of the 2025 class and considers intel from scouts and front office personnel, has a bit of a shake-up from previous ones as half of the top 10 has new players slotted to different teams, including the projection for Rutgers star Ace Bailey.

Sunday’s blockbuster trade between the Orlando Magic and Memphis Grizzlies impacted this draft, with the Magic sending the Grizzlies their No. 16 pick among other future picks. Around the league, trade talks are still taking shape as different scenarios are being laid out from NBA decision-makers depending on how the draft evolves.

One such scenario that could have draft ramifications is that NBA teams have been anticipating Kevin Durant would be traded ever since the Phoenix Suns engaged in talks around the February trade deadline. On Saturday night, sources told ESPN’s Shams Charania that the Miami Heat, San Antonio Spurs and Houston Rockets are Durant’s preferred trade destinations.

Amid the leaguewide trade discussions and what we’re hearing on how teams are evaluating prospects, here’s our latest mock draft of the 59 picks:

Notes:

–This mock draft was updated Tuesday at 2 p.m. ET following the Indiana Pacers’ trade of their pick at No. 23 to the New Orleans Pelicans.

–The New York Knicks’ second-round pick was rescinded by the NBA after an investigation into Jalen Brunson’s free agency signing in the summer of 2022.

More NBA draft coverage:
Trade offers for No. 1 | Lottery pick comps
Latest mock draft: Need vs. best value
Draft assets | Top 100 rankings | Pelton’s top 30

First round

Cooper Flagg, SF/PF, Duke
Freshman
| TS%: 60.0

Height without shoes: 6-7¾ | Weight: 221
Standing reach: 8-10½ | Wingspan: 7-0

There’s no suspense to be found at No. 1 this season. Flagg is set to visit the Mavericks on Tuesday, a formality in the process as Dallas prepares to select him on the first night of the draft (June 25). The Mavs’ exceptional lottery luck means Flagg will walk into a competitive team from Day 1, with Dallas pushing for the playoffs next season as Kyrie Irving recovers from an ACL tear.

Flagg enters the league with not only a versatile skill set, but the requisite mental makeup to succeed under pressure as the de facto successor to Luka Doncic as the face of the Mavericks’ franchise. His offensive progression in what could be a significant playmaking role out of the gate will be a fascinating subplot to begin the 2025-26 season. — Woo

play

1:19

What Stephen A. needs to see for Cooper Flagg to live up to the hype

Stephen A. Smith explains what Cooper Flagg needs to do in the NBA to live up to the hype.

Dylan Harper, PG/SG, Rutgers
Freshman
| TS%: 59.3

Height without shoes: 6-4½ | Weight: 213
Standing reach: 8-6 | Wingspan: 6-10½

Most talent evaluators consider Harper to be in a tier of his own as the draft’s clear-cut second-best prospect, overriding potential concerns the Spurs might have about his imperfect backcourt fit with De’Aaron Fox and Stephon Castle, due to a distinct lack of perimeter shooting.

Rival teams attempting to engage in trade talks with the Spurs have come away with the impression it’s unlikely they move down or off the pick at No. 2; it seems San Antonio is excited about the possibility of adding a talent of Harper’s caliber and is willing to be patient, figuring out roster construction concerns later.

The 19-year-old’s combination of size, shot-creating prowess, passing creativity, finishing skill and scoring instincts makes him the type of lead guard, offensive engine that is coveted in today’s NBA, as his strong frame appears well-suited for playing through the physically demanding vigor required in the playoffs. The challenge of acquiring these types of players makes it difficult to envision the Spurs passing on the opportunity to add Harper ultimately. — Givony

VJ Edgecombe, SG, Baylor
Freshman
| TS%: 56.1

Height without shoes: 6-4 | Weight: 193
Standing reach: 8-5½ | Wingspan: 6-7½

Edgecombe takes over this spot from Ace Bailey in ESPN’s mock draft after a positive visit to Philadelphia, where sources say he made a strong impression in a private workout as well as in meetings with the front office and ownership. He appears to be “the leader in the clubhouse” currently, with Bailey losing momentum after refusing to visit, initially unsatisfied with his search for a proven pathway to development. However, Bailey is scheduled to work out in Philadelphia at the end of this week, and we’ll see if he’s able to sway the tides in his favor.

The feedback from his interviews at the draft combine in Chicago was not all that positive, with some teams expressing concern about his lack of preparation and focus. NBA executives say Bailey has been polarizing in internal front office conversations because of questions about his feel for the game and lack of polish, creating a wider draft range than initially anticipated.

Surrounding the hyper-explosive Edgecombe with prolific 3-point shooters such as Tyrese Maxey, Jared McCain, Quentin Grimes and Paul George could add another dimension to the Sixers’ offense, especially if the team buys into the development of his passing ability long term.

Should Edgecombe not be selected here, most teams expect him to be drafted one pick later by Charlotte at No. 4, but he has also worked out in front of Washington in the predraft process, an indication there might be some trade scenarios in play with the Wizards moving up, potentially as high as No. 3. — Givony

Kon Knueppel, SG/SF, Duke
Freshman
| TS%: 64.8

Height without shoes: 6-5 | Weight: 219
Standing reach: 8-5½ | Wingspan: 6-6¼

2025 NBA draft

• New mock draft! Movement in top 10
• Draft’s top players at 20 skills, traits
• NBA comps for 14 players: Flagg to Tatum?
• We offer potential trades for Mavs, Flagg
• Updated top 100 big board rankings
• Stacking all 30 teams’ draft assets | More

Knueppel has some real fans among NBA teams in this portion of the draft, with proponents highlighting his elite movement and spot-up shooting (emphasis on his ability to shoot off movement as opposed to his actual movement), defensive smarts and playmaking, as well as an analytics-friendly profile that shines through in team draft models. Knueppel’s feel for the game, selfless style of play, strength and toughness should make him easy to play with, especially alongside the likes of LaMelo Ball and Brandon Miller, who he appears to complement quite well.

The Hornets and Jazz are two teams that appear to have interest in him, with his floor seemingly no lower than No. 8. He’s the type of prospect a playoff-caliber team could also target in a trade, as he has a plug-and-play skill set and looks likely to bring value throughout his cost-controlled rookie-scale contract. — Givony

Tre Johnson, SG, Texas
Freshman
| TS%: 56.1

Height without shoes: 6-4¾ | Weight: 190
Standing reach: 8-5 | Wingspan: 6-10¼

The Jazz, now led by Austin Ainge, have major decisions ahead as they work to navigate their way out of what has become a protracted rebuild. While rival teams still suspect Utah will have interest in a strong top of the 2026 lottery — noting that their first-round pick has top-eight protection (otherwise conveying to Oklahoma City) — the organization’s public stance has been that the team is done tanking.

Still, none of the perimeter players available to Utah at this spot will be ready to turn around the franchise immediately, allowing the Jazz to simply swing on their preferred talent.

Johnson’s excellent perimeter shooting and room to develop as an all-around scorer will make him enticing. Bailey, who continues sliding down the board in this scenario, doesn’t appear to have much interest in Utah and is viewed by most teams as a riskier bet. Expect Jeremiah Fears, and Knueppel, if available, to receive long looks as well. — Woo

Airious “Ace” Bailey, SG/SF, Rutgers
Freshman
| TS%: 54.0

Height without shoes: 6-7½ | Weight: 202
Standing reach: 8-11 | Wingspan: 7-0½

Bailey’s predraft workout strategy has perplexed some observers, as he has yet to conduct a single known workout to date, having declined invitations from several teams within his draft range. Sources say Bailey’s camp has informed interested teams that they believe he is a top-3 player in the draft, but also seeks a clear pathway to stardom, perhaps feeling comfortable that a team will trade up to get him at Nos. 3 or 4, should he drop.

Some teams question whether Bailey has received assurances of being selected by a team currently outside the top five, to a situation deemed more advantageous from a geographic and playing time perspective.

Bailey is scheduled to conduct a workout with the 76ers later this week, but it’s unclear if he plans to visit any other teams at this stage. Should the Sixers pass on him, he could very well slide to the No. 6 or No. 7 picks, two teams in Washington and New Orleans that are said to be highly intrigued with the 18-year-old’s talent. And both are situations in which there appear to be plenty of minutes and shots to be had. — Givony

play

1:51

Ace Bailey’s electric game is ready for the NBA

Take a look at highlights from Rutgers freshman Ace Bailey ahead of the 2025 NBA draft.

Jeremiah Fears, PG, Oklahoma
Freshman
| TS%: 57.0

Height without shoes: 6-2½ | Weight: 179
Standing reach: 8-2½ | Wingspan: 6-5¼

Fears built significant momentum with the way he finished his season at Oklahoma and has front offices thinking hard about his long-term upside, even with some rough edges left in his game. His range is relatively narrow at this point: The Pelicans and Nets are viewed by rival teams as landing spots, and the Jazz at No. 5 appear to be the top end.

There’s thought circulating that New Orleans might be his floor if he makes it to this spot — a fit that makes sense, considering the Pelicans’ long-standing need for a starting-caliber lead guard. The Pelicans sit in a valuable slot here, with at least one of Fears, Johnson, Knueppel or Bailey set to be available to them — but have also been a tricky team to peg thus far, with rival teams working to understand what direction the team’s new leadership will take. — Woo

Khaman Maluach, C, Duke
Freshman
| TS%: 74.7

Height without shoes: 7-0¾ | Weight: 252
Standing reach: 9-6 | Wingspan: 7-6¾

Maluach has been participating in competitive workouts for top-10 teams against other big men, aiming to showcase the improvements he has made in his skill level and physique. Maluach received a clean bill of health from NBA doctors during his medical examination, which is significant considering his size and some minor ailments he experienced earlier during Duke’s season. The Nets, drafting No. 8 right at the end of a tier of prospects before what seems to be a clear drop-off, can afford to be opportunistic and wait to see which player falls to them, whether it’s Maluach, Fears, Knueppel or someone else.

Maluach is one of the draft’s youngest prospects, turning 19 on Sept. 14, and has significant room for growth both physically and skillswise. He plays with tremendous intensity and is beloved by coaches and teammates because of his unique off-court intangibles.

His ability to anchor a defense with his wingspan and provide vertical spacing as a roller and cutter, while sprinting the floor aggressively in transition, will be attractive to any team looking for a center to build around long term, including potentially the Wizards or Pelicans, which pick at No. 6 and No. 7, respectively. — Givony

Noa Essengue, PF, Ratiopharm Ulm
Germany | TS%:
61.1

Essengue’s predraft process has stalled because his successful season in Germany remains ongoing. Ulm advanced to the Basketball Bundesliga (BBL) Finals against Bayern Munich, a best-of-five series that began Monday and could very well run into the draft, with a potential Game 4 slated for June 24, and Game 5 on June 26. Essengue (as well as teammate and draft prospect Ben Saraf) might be unable to conduct private workouts stateside prior to draft night. What does help is that this week, Essengue, 18, measured well officially at 6-10 barefoot with a nearly 7-1 wingspan, underscoring his excellent physical profile across frontcourt positions.

Toronto has largely been linked to frontcourt targets at pick No. 9, including Maluach, who is no guarantee to be on the board. The Raptors are also one of several teams in this range said to be involved in trade talks around their pick, considering the possibility of moving back in the draft to add talent to next season’s roster.

Essengue’s blend of size, versatility, extreme youth and burgeoning production has drawn increasing interest from teams in the 9-to-15 range, and he fits an archetype that Raptors brass has often targeted if the team stays put here. — Woo

play

1:08

Noa Essengue’s NBA draft profile

Check out some of the highlights that have made Noa Essengue a top NBA draft prospect.

Carter Bryant, SF/PF, Arizona
Freshman
| TS%: 59.9

Height without shoes: 6-6½ | Weight: 214
Standing reach: 8-10 | Wingspan: 6-11¾

Bryant has received strong reviews throughout the predraft process. He appears likely to hear his name called somewhere in the 9-to-15 range, with several teams likely to be attracted to the frontcourt shooting, defensive versatility and passing prowess he offers. Bryant wasn’t consistently productive for Arizona coming off the bench, averaging 6.5 points per game, as he’s not much of a shot creator, and has plenty of room for growth on both ends of the floor.

The Rockets, flush with young prospects, might not be ultimately picking here, as the possibility of adding a proven veteran will likely be thoroughly explored. Fresh off an outstanding season that concluded with the NBA’s fourth-best record (52-30) and flush with young talent throughout the roster, it’s challenging to pinpoint specific needs for the Rockets, aside from perhaps addressing Fred VanVleet’s team option.

Rival teams expect Houston’s front office to be active the week of the draft. — Givony

Kasparas Jakucionis, PG, Illinois
Freshman
| TS%: 59.8

Height without shoes: 6-4¾ | Weight: 205
Standing reach: 8-3½ | Wingspan: 6-7¾

The Trail Blazers are set up front for the foreseeable future with Donovan Clingan at center and don’t have an express positional need, but players such as Jakucionis, Bryant and Essengue could all be available here and bring broadly different skill sets.

Jakucionis’ unselfish style and ability to enhance ball movement would help Portland’s backcourt mix, with players such as Scoot Henderson, Shaedon Sharpe and Anfernee Simons all more scoring-oriented. He could feasibly slide into multi-playmaker lineups alongside the other guards in a more connective role.

Jakucionis appears ticketed for this 10-to-15 range, with his playmaking, versatility and intangibles holding strong appeal in a variety of contexts. — Woo

Derik Queen, C, Maryland
Freshman
| TS%: 60.0

Height without shoes: 6-9¼ | Weight: 247
Standing reach: 9-1½ | Wingspan: 7-0½

The Bulls don’t have much in the way of long-term keepers in the big-man department, with Nikola Vucevic, 35, a trade candidate entering the final year of his contract. Queen, Joan Beringer, and Thomas Sorber are said to be among the prospects they might consider with this pick at No. 12.

Queen is the most skilled big man in this class. He is a terrific target in pick-and-roll, can create his own shot facing the basket with a wide array of moves and has intriguing passing ability.

Queen’s conditioning, occasional apathy defensively and lack of shooting range are things NBA teams picking in this area (or earlier) are trying to get a better handle on in the predraft process, areas that we’ve heard mixed feedback about based on some of his early workouts. — Givony

Egor Demin, PG/SG, BYU
Freshman
| TS%: 51.3

Height without shoes: 6-9¼ | Weight: 199
Standing reach: 8-9½ | Wingspan: 6-10¼

Editor’s Picks

2 Related

Rival teams’ read on the Hawks has been that they’ll look to pair a big man and a guard, presuming they keep both of their first-round picks (Nos. 13 and 22). The order they go about prioritizing those needs might hinge on what happens in front of them. Demin’s playmaking talent becomes an intriguing value bet if he makes it to this part of the draft, with big men including Essengue, Joan Beringer and Asa Newell among potential candidates at this slot.

Demin has cast a wide net on the workout circuit, scheduling a range of teams while looking to showcase his talent in competitive settings. He has interest from teams inside the top 10, but scenarios are also in play where he could slip out of the lottery. His combination of excellent size and passing vision should allow him to play all over the perimeter, provided he makes progress with his jump shot, an area he demonstrated effectively during an impressive pro day workout. — Woo

Joan Beringer, C, Cedevita Olimpija
Adriatic |
TS%: 61.5

Height without shoes: 6-11 | Weight: 235
Standing reach: 9-3 | Wingspan: 7-4½

The Spurs will likely explore various options with this No. 14 pick, including the possibility of adding a veteran who is more ready to contribute as the team pivots toward playoff contention. Adding frontcourt depth could also be a priority, especially if the Spurs use Victor Wembanyama as more of a power forward alongside another rim protector eventually, which would be very difficult to score against.

With his season in Slovenia finally concluded, Beringer made his way to the United States, starting in Chicago and Brooklyn, New York, where he completed his mandatory NBA combine participation. That included official measurements, which indicate he has grown an inch and a half in the past year, now standing over 7-feet in shoes, 235 pounds with a 7-4½ wingspan and 9-3 standing reach, similar measurements to Jaren Jackson Jr. and Myles Turner at the same age.

The draft’s best shot blocker, Beringer has flashed considerable upside all season, which has put him in lottery consideration since January. — Givony

play

1:11

Joan Beringer’s NBA draft profile

Check out some of the highlights that have made Joan Beringer a top NBA draft prospect.

Collin Murray-Boyles, PF/C, South Carolina
Sophomore
| TS%: 64.0

Height without shoes: 6-6½ | Weight: 239
Standing reach: 8-10 | Wingspan: 7-0¾

Murray-Boyles has been one of the more divisive players among executives we’ve spoken with — some are enamored with his defensive versatility and all-around production and see an outstanding NBA role player, while others harp on his limited positional size and lack of perimeter shooting, and the way those two factors limit his projectable ceiling.

His range appears to start at No. 10 with the Rockets — a team that makes sense as a fit, but also one that could trade its pick — and ends around here in the teens.

The Thunder enter the draft with supreme flexibility thanks to their deep, talented roster and their huge cache of future draft capital, enabling them to move around in the draft and target who they want. Murray-Boyles’ toughness and basketball IQ align with the criteria Oklahoma City tends to target, making this a potential landing spot for him. — Woo

Jase Richardson, PG/SG, Michigan State
Freshman
| TS%: 63.2

Height without shoes: 6-0½ | Weight: 178
Standing reach: 8-2½ | Wingspan: 6-6

The Magic and Grizzlies pulled off a blockbuster trade Sunday, with Desmond Bane headed to Orlando in return for a package including this draft’s No. 16 pick.

The Grizzlies are exactly the type of team that could be interested in an ultra-efficient, productive young prospect such as Richardson, who rates highly in draft models that analytics-savvy teams like Memphis often pay attention to.

Richardson possesses an excellent feel for the game, hit 41% of his 3-pointers this season, brings strong defensive intensity and looks adept at playing off the star power of a teammate like Ja Morant, whose future in Memphis is to be determined. As Richardson’s shot-creation diversity and offensive aggressiveness evolve, he could be someone who eventually inherits more significant ballhandling responsibilities, if the Grizzlies decide to pivot toward a youth movement. — Givony

Thomas Sorber, C, Georgetown
Freshman
| TS%: 58.7

Height without shoes: 6-9¼ | Weight: 262
Standing reach: 9-1 | Wingspan: 7-6

Sorber is still recovering from February foot surgery and has been unable to partake in basketball activities on the workout circuit, with teams relying on film and the interview process to complete his evaluation. Nevertheless, he has solid interest inside the top 20, as teams are drawn to his defensive impact and long-term outlook after emerging this season as a surprise one-and-done player.

Minnesota is facing potential roster changes next season, with Naz Reid and Julius Randle set to test free agency and the Timberwolves currently tied as a Kevin Durant landing spot. There’s a good case for adding frontcourt depth here, with a number of bigs projected inside the top 20, and the Wolves also holding the No. 31 pick. — Woo

18. Washington Wizards (via Memphis)

Asa Newell, PF/C, Georgia
Freshman | TS%:
62.0

Height without shoes: 6-9 | Weight: 224
Standing reach: 8-11½ | Wingspan: 6-11¼

With three picks in the top 40 and no real pressure yet to win just two years into a comprehensive roster teardown, the Wizards can go in a multitude of directions in this part of the draft. After taking a perimeter player with their first pick at No. 6, adding frontcourt depth could make sense.

Newell’s mobility, aggressiveness and intensity level are significant assets that allowed him to have a highly productive, efficient freshman campaign at Georgia, making 26 3-pointers in 33 games and converting 75% of his free throws, pointing to floor-stretching potential. — Givony

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0:17

Asa Newell drills a trey for Georgia

Asa Newell splashes a corner trey for Georgia vs. No. 1 Auburn.

19. Brooklyn Nets (via Milwaukee)

Will Riley, SG/SF, Illinois
Freshman
| TS%: 53.8

Height without shoes: 6-8¼ | Weight: 185
Standing reach: 8-8 | Wingspan: 6-8¾

This is the second of the Nets’ four first-round picks, with Brooklyn unlikely to roster all of these selections and actively exploring a range of options as a result. If they stay put, the Nets have enough berth from a timeline perspective to take swings on younger prospects like Riley, who might need a season or two to become a contributor.

Riley is another player whose range is on the wider side at the moment. He has teams’ interest as high as the early teens, but there are also scenarios in play where he could slip into the 20s. His advocates around the NBA see major upside due to his excellent size, offensive feel and shooting potential, but it’s understood that it will take him time to add physical strength and hopefully, improve defensively. — Woo

20. Miami Heat (via Golden State)

Liam McNeeley, SG/SF, UConn
Freshman
| TS%: 53.6

Height without shoes: 6-6¾ | Weight: 214
Standing reach: 8-3½ | Wingspan: 6-8½

Adding backcourt talent will likely be a priority for the Heat this offseason, but it’s not easy to point to any surefire guard contributors in this range. McNeeley’s size, shot-making prowess, feel for the game and toughness are critical attributes that NBA teams value at the wing position. He needs to remind them of his winning qualities throughout the predraft process, following an inefficient season in which he converted 44% of his 2-pointers and 32% of his 3-pointers.

He will likely be asked to play a different role in the NBA, leaning more heavily into his ability as a dynamic perimeter shooter, which was more evident in other settings before college. McNeeley has some momentum behind him now, following some positive workouts, helping to remind teams of what made him so highly regarded entering the season. — Givony

play

1:38

See why Liam McNeeley is an intriguing NBA prospect

Check out highlights from UConn’s Liam McNeeley ahead of the 2025 NBA draft.

21. Utah Jazz (via Minnesota)

Cedric Coward, SF, Washington State/Duke
Junior | TS%: 71.0

Height without shoes: 6-5¼ | Weight: 213
Standing reach: 8-10 | Wingspan: 7-2¼

Just how high Coward will hear his name called has been a hot topic around the league of late. While at surface level, his lack of high-level pedigree and performance sample is a major drawback, NBA teams have come away enamored with his interviews and intrigued by his physical toolbox and shooting ability on the wing.

Coward’s fast rise in the process is also a referendum on the shape of this draft, as some teams feel the class flattens out hard around No. 20 or so, and there’s a decided lack of 3-and-D wings who warrant first-round grades, an archetype many are willing to take a chance on — all of that appears set to play in Coward’s favor on draft night.

Utah, holding multiple selections, could use a player in Coward’s mold and could see value in him. — Woo

22. Atlanta Hawks (via Los Angeles Lakers)

Danny Wolf, PF, Michigan
Junior | TS%:
56.6

Height without shoes: 6-10½ | Weight: 251
Standing reach: 9-1 | Wingspan: 7-2¼

Feedback on Wolf from teams has been mixed in the predraft process, as he’s a somewhat unorthodox prospect who some view as a more situational fit. His inside-out versatility and passing skills at his size separate him from the other bigs in this class. There are also real questions he has to answer surrounding his inconsistent shooting and foul line struggles (34% on 3-pointers, 59% on free throws), and whether he’ll defend at a high level.

If the Hawks go with a perimeter player with their pick at No. 13, adding a big later in the draft at No. 22 makes sense, with Wolf making for an interesting fit in big, versatile lineups with Jalen Johnson and Onyeka Okongwu up front. — Woo

Nique Clifford, SG, Colorado State
Super Senior |
TS%: 60.9

Height without shoes: 6-5¼ | Weight: 202
Standing reach: 8-6½ | Wingspan: 6-8

As ESPN’s Shams Charania reported Tuesday afternoon, the Indiana Pacers are trading the No. 23 pick and the rights to Mojave King to the Pelicans for Indiana’s own 2026 first-round pick back, which the Pelicans had previously acquired.

Clifford has received positive feedback on the workout circuit, drawing interest in the teens with his range running into the 20s. Coming off a big season at Colorado State, Clifford’s experience and plug-and-play, two-way skill set has made him a viable option for NBA teams in search of wing help. — Woo

Hugo Gonzalez, SG/SF, Real Madrid
EuroLeague | TS%:
50.9

The Thunder might not even have a roster spot at their disposal for both of their first-round picks, so it’s unclear exactly which direction they will go on draft night.

Gonzalez could fit Oklahoma City’s style of play with the impressive physical tools and frenetic energy he brings defensively, which has enabled him to carve out a strong role for Real Madrid in the Spanish Liga ACB playoffs recently. There’s also the possibility a team could convince Gonzalez to be stashed for another year in Europe — something that surely wouldn’t be appealing to his camp at this stage — but might be a necessity if the significant buyout in his contract doesn’t get paid this offseason (it’s an option Real Madrid would surely be open to, considering his impactful play). — Givony

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0:54

Hugo Gonzalez’s NBA draft profile

Check out some of the highlights that have made Hugo Gonzalez a top NBA draft prospect.

25. Orlando Magic (via Denver)

Maxime Raynaud, PF/C, Stanford
Senior | TS%: 56.1

Height without shoes: 7-0¼ | Weight: 236
Standing reach: 9-2 | Wingspan: 7-1¼

It’s not clear what the Magic’s appetite will be for adding rookie teenagers to an already young roster, perhaps causing them to explore more mature upperclassmen like Raynaud, who would bring some much-needed frontcourt spacing that the roster currently lacks.

Raynaud hit 67 3-pointers this season in 35 games and had a strong showing at the draft combine, suggesting there’s upside still left to tap into due to his late-blooming trajectory, having focused full-time on basketball only as a high school senior. Raynaud’s ability to stretch the floor as a center is valuable in today’s NBA, something that could surely appeal to the Magic from a spacing perspective. — Givony

Nolan Traore, PG, Saint-Quentin
France
| TS%: 51.0

Height without shoes: 6-3 | Weight: 175
Standing reach: 8-5½ | Wingspan: 6-8

With four first-round picks at their disposal, it wouldn’t be surprising to see the Nets take several talent swings, hoping to uncover gems with some of their later picks.

The Nets have a void in the backcourt, depending on what they do with their first few picks, and this situation will be considered highly attractive to any of the guards slated to be picked in this range.

After starting the season projected as a top-10 pick, Traore’s draft stock dropped because of inconsistent play, but there’s still plenty to like with his size, ballhandling, playmaking creativity and upside, making him a worthy gamble for a team in Brooklyn’s situation and at this point in the draft. — Givony

Rasheer Fleming, PF, Saint Joseph’s
Junior | TS%:
64.4

Height without shoes: 6-8¼ | Weight: 232
Standing reach: 9-1 | Wingspan: 7-5¼

It seems unlikely the Nets, who also hold the No. 36 pick, will ultimately roster all five of their draft picks. Count them among many teams in the 20s who are open for business involving their selections. This range of the draft is viewed by teams and agents as extremely fluid, with every pick between Nos. 21 and 27 either viewed as available and/or belonging to teams with multiple selections.

Fleming is among the players likely to come off the board in the back half of the first round. His physical tools and improving 3-point shooting give him a path to carving out a rotation spot, and some teams view him as a player who can help immediately. While not a flashy player nor immensely skilled, Fleming’s length, improvement track and late-blooming trajectory point to untapped potential. — Woo

play

1:31

Rasheer Fleming’s NBA draft profile

Check out some of the highlights that have made Rasheer Fleming a top NBA draft prospect.

Drake Powell, SG/SF, North Carolina
Freshman | TS%:
61.1

Height without shoes: 6-5¼ | Weight: 200
Standing reach: 8-7 | Wingspan: 7-0

The Celtics have some big needs to address in the wake of Jayson Tatum’s season-ending Achilles injury, but they can’t have any real expectation to address them in the draft, certainly not this late in the first round.

Finding a wing like Powell, who’s capable of soaking up minutes, hopefully gaining some experience and perhaps emerging as capable of adding value in a year from now, would be a major win. NBA teams like Powell’s feel for the game and long-term upside, especially his ability to guard everyone from point guards to power forwards while flying around to protect the rim, crash the glass and close out with purpose on the perimeter. He plays exceptionally hard, has tremendous mobility covering ground, rotating all over the floor — with the question being whether he’s an aggressive enough scorer or accurate enough shooter to hold his own on that end of the floor. — Givony

Walter Clayton Jr., PG, Florida
Senior | TS%:
61.1

Height without shoes: 6-2 | Weight: 199
Standing reach: 8-1½ | Wingspan: 6-4

The Suns appear interested in getting younger and remaking their roster, with the prospect of a Durant trade also creating scenarios in which Phoenix could pick up additional draft picks earlier in the first round.

A player like Clayton, who might be value-additive on a rookie-scale deal immediately, should be attractive to the Suns as they navigate a difficult salary sheet and try to better position themselves long term.

Clayton seems to have played himself into the first round with his NCAA tournament heroics, viewed as a sparkplug scorer who can help enhance a team’s bench unit. His confidence and shot-making skills will have to cover for his limited size and questionable defense. — Woo

play

1:56

See what makes Walter Clayton Jr. an intriguing NBA prospect

Check out highlights from Florida’s Walter Clayton Jr. ahead of the 2025 NBA draft.

30. LA Clippers (via Oklahoma City)

Noah Penda, SF/PF, Le Mans
France | TS%:
53.9

Height without shoes: 6-7¼ | Weight: 242
Standing reach: 8-10½ | Wingspan: 6-11½

Due to their hefty payroll, the Clippers should see value in rostering a rookie who can contribute with this pick. Finding someone who can complement their stars on a cost-controlled deal would be a win.

Penda has been an interesting sleeper name for teams due to his multipositional versatility, capable of playing all over the floor on offense and also defending several spots. While his perimeter shooting and limited run-jump athleticism are question marks for teams, his feel, skill and size are all nice selling points.

There remains curiosity among teams as to whether Penda will agree to be stashed overseas for another season, something that could help his chances of finding a comfortable draft slot. — Woo

play

0:20

Jamir Watkins with the and-1 bucket

Jamir Watkins with the and-1 bucket

Second round

31. Minnesota Timberwolves (via Utah)
Ben Saraf, PG/SG, Ratiopharm Ulm (Germany)

32. Boston Celtics (via Washington)
Ryan Kalkbrenner, C, Creighton, super senior

33. Charlotte Hornets
Adou Thiero, PF, Arkansas

34. Charlotte Hornets (via New Orleans)
Yanic Konan Niederhauser, C, Penn State, junior

35. Philadelphia 76ers
Hansen Yang, C, Qingdao (China)

36. Brooklyn Nets
Jamir Watkins, SG/SF, Florida State, senior

37. Detroit Pistons (via Toronto)
Alex Toohey, SF/PF, Sydney (Australia)

38. San Antonio Spurs
Chaz Lanier, SG, Tennessee, super senior

39. Toronto Raptors (via Portland)
Bogoljub Markovic, PF/C, Mega Superbet (Adriatic)

40. Washington Wizards (via Phoenix)
Johni Broome, C, Auburn, super senior

41. Golden State Warriors (via Miami)
Rocco Zikarsky, C, Brisbane (Australia)

42. Sacramento Kings (via Chicago)
John Tonje, SF, Wisconsin, super senior

43. Utah Jazz (via Dallas)
Tyrese Proctor, PG, Duke, junior

44. Oklahoma City Thunder (via Atlanta)
Eric Dixon, PF, Villanova, super senior

45. Chicago Bulls (via Sacramento)
Sion James, SF, Duke, super senior

46. Orlando Magic
Kam Jones, PG/SG, Marquette, senior

47. Milwaukee Bucks (via Detroit)
Koby Brea, SG/SF, Kentucky, super senior

48. Memphis Grizzlies (via Golden State)
Javon Small, PG, West Virginia, senior

49. Cleveland Cavaliers (via Milwaukee)
Vladislav Goldin, C, Michigan, super senior

50. New York Knicks (via Memphis)
Lachlan Olbrich, PF/C, Illawarra

51. LA Clippers (via Minnesota)
Viktor Lakhin, C, Clemson, super senior

52. Phoenix Suns (via Denver)
Kobe Sanders, SG/SF, Nevada, senior

53. Utah Jazz (via LA Clippers)
Dink Pate, SG/SF, Mexico City (G League)

54. Indiana Pacers
Micah Peavy, SG/SF, Georgetown, senior

55. Los Angeles Lakers
Hunter Sallis, SG, Wake Forest, senior

56. Memphis Grizzlies (via Houston)
Amari Williams, C, Kentucky, senior

57. Orlando Magic (via Boston)
Alijah Martin, SG, Florida, senior

58. Cleveland Cavaliers
Ryan Nembhard, PG, Gonzaga, senior

59. Houston Rockets (via Oklahoma City)
RJ Luis Jr., SF/PF, St. John’s, junior

Jonathan Givony is an NBA draft expert and the founder and co-owner of DraftExpress.com, a private scouting and analytics service used by NBA, NCAA and international teams.

Jeremy Woo is an NBA analyst specializing in prospect evaluation and the draft. He was previously a staff writer and draft insider at Sports Illustrated.



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US markets close green as Trump tariff drama muddies outlook
GameFi Guides

Dow Jones gains 105 points as U.S.-China trade talks continue in London

by admin June 10, 2025



U.S. stocks held steady Tuesday as a second day of trade talks between the U.S. and China got underway in London. 

The Dow Jones Industrial Average gained 0.25%, or 105.11 points whille the S&P 500 gained 0.55%. The Nasdaq index outperformed with a 0.63% gain and is now approximately 285 points away from reclaiming the 20,000 leve.

Commerce Secretary Howard Lutnick described U.S. – China trade negotiations as going “really, really well,” suggesting a resolution may be close. Export controls remain central to discussions. U.S. officials are seeking Beijing’s release of rare earth materials, while China is pressing for eased access to American semiconductors.

Still, the mood was cautious on Wall Street, where investors are watching closely for signs of a breakthrough. Chinese markets, meanwhile, showed renewed volatility, with a sudden dip in equities early Tuesday reflecting investor nerves.

Markets have been sensitive to signals from the talks. Despite optimism from officials, President Trump warned Monday that “China’s not easy,” tempering expectations.

U.S. small-business sentiment

On the economic front, a survey from the National Federation of Independent Business showed a modest rebound in U.S. small-business sentiment in May, the first uptick since September. 

The improvement was linked to easing tariff concerns and anticipation around Trump’s tax-and-spending bill, though some firms remained wary about the broader outlook.

The World Bank, however, lowered its U.S. growth forecast to 1.4% for 2025, citing ongoing trade uncertainty.

Elsewhere, Blackstone announced plans to invest up to $500 billion in Europe over the next decade, citing expectations of accelerating growth in the region.

Investors are also bracing for Wednesday’s release of the May Consumer Price Index report, which could reshape expectations for inflation and future Fed policy. Analysts anticipate an uptick in price pressures.



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Dow Jones, Nasdaq, S&P 500 down, retailers are split on tariff impact
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Dow Jones up on U.S.-China trade talks, Tesla surges

by admin June 10, 2025



U.S. stock indices were up amid renewed trade talks between the U.S. and China, while Tesla stock gained.

U.S. stocks trended up as encouraging news on trade trickled to the public. On Tuesday, the Dow Jones Industrial Average was up 110 points or 0.26%, while the S&P 500 was up 0.41%. Meanwhile, the tech-heavy Nasdaq was up 0.38%.

Traders are keeping a close eye on trade talks between the U.S. and China, currently taking place in London. The biggest issues the teams tackled was U.S. access to Chinese rare earth minerals, as well as China’s access to advanced computer chips.

Dow Jones Industrial Average heat map | Source: TipRanks

China suggested it was willing to ease restrictions on some companies that need rare earth minerals. However, the country is still not prepared to relinquish control completely. Despite this, Trump suggested that he was getting “good reports” from the talks, but also cautioned that “China is not easy” to negotiate with.

At the same time, the U.S. and India made substantial progress in their trade negotiations. According to sources from the Indian government, the two countries had a productive discussion, focusing on industrial and some agricultural goods.

Tesla recovers on robotaxi announcement

Stocks of Tesla were up 3.25% as the public feud between its CEO, Elon Musk, and U.S. President Donald Trump cooled off. Notably, on June 10, Trump made some conciliatory comments toward Musk and stated that he was open to talking to the tech CEO again.

At the same time, traders focused on new developments in its robotaxi business. Tesla received a license to operate autonomous vehicles in the state of Texas, with tests scheduled to begin on June 12 in Austin. Still, some analysts are skeptical about whether Musk can deliver on his promises of fully autonomous, non-manned vehicles.



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How to Factory Reset Your MacBook Before You Sell or Trade It In

by admin June 9, 2025


If you’re planning to sell or trade in your old Apple MacBook, you’ll want to perform a factory reset before parting ways with your device. Factory resetting a Mac removes your personal information, giving the new owner a clean slate to start with and protecting your privacy and data security. Whether you’re getting ready to upgrade to the latest M4 MacBook Air or just want a clean slate to weed out any performance issues, a factory reset is the tool for you.

Whether you’re planning to sell your Mac, give it to a family member or friend, recycle it or donate it to an organization, you’ll want to erase your personal information and files before parting with it. It’s a crucial security measure you don’t want to skip. Your Mac’s hard drive is bursting with sensitive information that you wouldn’t want to be accessible, even if you trust your laptop’s next owner. There’s always a chance that some malware could sneak its way in and uncover your personal details.

Ready to wipe your personal data and return your old Mac to its default factory settings? The specific process will depend on what MacBook model and operating system you’re working with. We’ve listed out the steps for newer models (running on Monterey OS or later and equipped with Apple Silicon or the Apple T2 security chip) and older MacBooks, so you can follow whichever guide applies to your laptop.

How to factory reset a newer MacBook on MacOS Monterey or later

Newer MacBook models have an erase assistant built into their settings to help you quickly clear your data and factory reset your MacBook. If your MacBook is running on MacOS Monterey or later and has either an Apple Silicon or an Apple T2 security chip, you should have access to the Erase All Content and Settings function.

1. Open the erase assistant

If you’re running MacOS Ventura or later, click on the Apple icon in the corner of your screen, then select System Settings. Choose General > Transfer or Reset > Erase All Content and Settings. The erase assistant will then open up.

If you’re running MacOS Monterey, click on the Apple icon in the corner of your screen, then select System Preferences. From the menu bar, choose Erase All Content and Settings. If your laptop supports it, the erase assistant will then appear.

If you don’t see the Erase All Content and Settings option or get an error message stating that the erase assistant is not supported on your MacBook, you may have an older model and you’ll need to use a different approach to reset it. Scroll down to our second set of instructions below for older MacBooks.

2. Follow the onscreen instructions and review your data

The erase assistant will show you a summary of what’ll be erased. Then follow the onscreen directions to continue with the factory reset. You’ll need to enter your administrator credentials for your MacBook. Next, enter your Apple account login to sign the MacBook out of Find My Mac.

You may be asked if you want to back up your data before proceeding with the reset process. If you forgot to do this earlier, it’s a good idea to pause and back up your data to an external hard drive before you erase everything.

3. Confirm that you want to erase all content and settings

Apple

A window will pop up confirming that your data and settings will be permanently erased if you proceed. If you’re ready to proceed, select Erase All Content & Settings to confirm that you want to reset your MacBook.

Your laptop will then begin the process of removing all of your data and will restart. Your screen may go dark during this portion of the process or you may see a progress bar. You may be asked to reconnect to your Wi-Fi network during this deletion process, too. Your laptop will also generally disconnect from Bluetooth accessories such as your mouse or external keyboard.

Once the reset is complete, you’ll see the Activate Mac screen, indicating that your MacBook has been reset to factory settings and can now be sold or recycled. If you’re keeping the laptop or want to set it up to give to a family member, you can use the Setup Assistant to begin the setup process from scratch.

Apple

How to factory reset an older MacBook

If you’re running an earlier operating system or have an older model without the Apple Silicon or T2 chip, you’ll need to follow a slightly longer process to wipe your data before selling or donating your MacBook.

1. Sign out of your accounts

After migrating your data to your new Mac or making one last backup to preserve your data, it’s time to remove all traces of yourself from the machine. First, you’ll need to sign out of all of your accounts. Years ago, this was done using iTunes but you now must individually sign out of three apps — Music, TV and Books. Open up any of those apps and go to Account > Authorizations > Deauthorize This Computer. You’ll need to enter your Apple ID and password and then hit the Deauthorize button.

Matt Elliott/CNET

Next, turn off Find My Mac and sign out of iCloud. Go to System Preferences > Apple ID, click iCloud in the left panel and then uncheck Find My Mac. Next, click Overview from the left panel and then click the Sign Out button.

Lastly, you’ll need to sign out of Messages. Open the Messages app, go to Messages > Preferences, click the iMessage tab and then click Sign Out.

2. Bluetooth unpairing

If you’re handing down your old Mac to your kid or someone else in your house, then it’s a good idea to unpair any Bluetooth devices so your mouse or keyboard controls the new Mac without interfering with the old one. Go to System Preferences > Bluetooth, mouse over the device you want to unpair, click the X button to the right of its name, then click Remove.

Matt Elliott/CNET

3. Reset NVRAM

NVRAM is memory where your Mac stores essential settings needed before loading MacOS, such as screen resolution, time zone, volume level and startup disk selection. Sometimes these files can get corrupted, so give your Mac’s next owner a fresh start by resetting the NVRAM. To do so, shut down your Mac, then turn it on and immediately press and hold four keys together: Option, Command, P, and R. You can release the keys after 20 seconds or so. That’s it! Your Mac’s NVRAM has been reset.

4. Factory reset

You need to put your MacBook into Recovery Mode to erase all of your data and reinstall MacOS. To enter Recovery Mode on an old Intel-based Mac, restart it and immediately press and hold Command-R. You can release the keys once you see the Apple logo. On an M1-based Mac, booting into Recovery Mode is slightly different. You simply press and hold the power button until you see the startup options window, then click Options and Continue to get to the utilities window.)

Apple

Next, you’ll see the MacOS Utilities window. Choose Disk Utility, click Continue and select your startup disk — unless you renamed it, odds are it’s labeled Macintosh HD or something similar. Next, click the Erase button at the top of the Disk Utility window and fill out these two fields:

  • Name: Choose a name for the fresh, new volume. Why not go with the tried-and-true Macintosh HD?
  • Format: Choose APFS. 

If you’re trying to sell an ancient Mac that has a mechanical hard drive instead of a solid-state drive, then choose Mac OS Extended (Journaled) for Format.

Next, click the Erase Volume Group and after Disk Utility does its thing, quit Disk Utility. (If you don’t see the Erase Volume Group button in the lower-left corner, then click the Erase button in the lower-right corner instead.)

You should return to the MacOS Utilities window. (If not, restart your Mac again, holding down Command-R while it reboots.) From the MacOS Utilities window, select Reinstall MacOS and follow the instructions to install the operating system. After MacOS has been reinstalled, you’ll be greeted by the Setup Assistant, which you can then quit out of and shut down your Mac. It’s now ready for a fresh start with its next owner.

How to factory reset a MacBook without logging in

If you find that you can’t remember your MacBook’s password, don’t worry, all is not lost. First, try resetting your Mac’s password, but if that isn’t an option, you can still factory reset the machine.

Factory resetting your MacBook without your password works in much the same way as the steps outlined for resetting an older MacBook above. In fact, whether you’re using a Mac with or without Apple Silicon or a T2 chip, you can follow the same steps from step 3 onward to get the job done. This approach won’t give you the opportunity to back up any of your data, which is why we always suggest backing up your Mac regularly.

Here’s how to factory reset an iPhone, how to reset AirPods that are acting up, and how to reset a Chromebook in under a minute.



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NFT Gaming

Why Bitcoin Implied Volatility Has Collapsed Amid Trump Trade Talks

by admin June 9, 2025



In brief

  • Bitcoin’s implied volatility has dropped to 1-year lows as U.S.-China trade negotiations resume at Lancaster House in London.
  • Bitcoin remains above $100,000 (currently ~$108,000) but stays range-bound despite growing appeal as a neutral reserve asset amid geopolitical tensions.
  • While some view Bitcoin as a hedge against currency weaponization, others cite volatility and regulatory concerns as barriers to true reserve asset status.

Bitcoin’s implied volatility has collapsed to its lowest level in a year as tension between the U.S. and China appear to settle after a new round of negotiations began on Monday at Lancaster House in London.

The trade talks are projected to run up to at least two days, with the prospect of resuming progress from negotiations in Geneva last month which began to ease tension between the two nations. Bitcoin, meanwhile, has stayed above the $100,000 range, going up 4.5% over the month, with its price hovering around $108,000 level at press time.

These trade and economic tensions have “have produced knee-jerk reactions,” though they have also “been insufficient to trigger a directional breakout,” on Bitcoin and the broader crypto market, according to a Monday market note from QCP Capital.

Bitcoin volatility goes low

As the trade talks resume, Bitcoin’s implied volatility, a measure that estimates how much of its price might move in the future based on options prices, has dwelled at “1-year lows” and “appear optically cheap,” while realized volatility remains much lower, wrote QCP in its note.

The timing isn’t coincidental.

As Washington and Beijing clash over trade policy, Bitcoin appeal as a neutral reserve asset has grown. But that has still left the BTC price range-bound as different investor groups position for opposing scenarios.

“Bitcoin has proven its value as a decentralized, stateless asset. One that sits outside the control of any single government or bloc,” Jakob Kronbichler, CEO & co-founder of decentralized marketplace Clearpool, told Decrypt. “That neutrality is what gives it long-term appeal, especially for countries or institutions navigating between the U.S. and China.”

As a “neutral reserve asset for countries navigating U.S.-China tensions,” Bitcoin’s decentralized design offers “a hedge against currency weaponization and geopolitical volatility,” Dominick John, an analyst at crypto market maker and quantitative trading firm Kronos Research, told Decrypt.



But while these qualities appeal to countries “caught in the crossfire,” Bitcoin’s broader volatility, limited liquidity, and regulatory vulnerability “restrict its utility as a true reserve asset,” James Bowater, founder of hybrid venture firm The Digital Commonwealth, told Decrypt.

Still, last week’s jobs report had muted effect on Bitcoin’s price, with the alpha crypto trading flat after the release of the Bureau of Labor Statistics’ May nonfarm payrolls report.

To this, Bitcoin “remained conspicuously unmoved, caught in the cross-currents without a clear macro anchor,” QCP Capital observed in its note. “Without a compelling narrative to spark the next leg higher, signs of fatigue are emerging.”

On the other hand, the Bitcoin options market has leaned toward call options over puts on the day, with open interest at roughly 62% and volume at 62%, data from CoinGlass shows.

Edited by Stacy Elliott.

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Major Cryptocurrencies Struggle as Hang Seng Cheers U.S.-China Trade Talks; U.S. Inflation Eyed as China Deflation Worsens

by admin June 9, 2025



Major cryptocurrencies showed little bullish momentum Monday, even as hopes for the U.S.-China trade talks lifted Asian stocks.

Bitcoin

, the leading cryptocurrency by market value, traded flat-to-negative near $105,650, having carved out a doji candle, a sign of indecision, on Sunday, according to data source TradingView.

Data from Blockchain.com showed a marked slowdown in network activity, with the seven-day moving average of daily on-chain transactions falling to 315.48K, the lowest in at least a year.

Payments-focused cryptocurrency XRP

struggled to gather upside traction despite topping a bearish trendline from the mid-May highs. The cryptocurrency changed hands at $2.24 at press time, down over 1% on the day (UTC). Volatility may increase this week as the XRP Ledger’s APEX 2025 conference kicks off in Singapore.

Meme cryptocurrency dogecoin

traded nearly 2% lower, closing in on 18 cents, having failed to establish a foothold above the 100-day simple moving average (SMA) over the weekend.

Hang Seng tops 24K

Hong Kong’s Hang Seng index rose 1.3%, topping the 24,000 mark for the first time since March 24, according to data source TradingView. The move came in response to the optimism about the U.S.-China trade talks this week.

“Optimism is as high as it’s been since Trump’s election as top trade deputies will meet in London starting on Monday. There are indications that talks will go all week and Trump himself is optimistic,” ForexLive’s Chief Currency Analyst Adam Button said in a blog post.

“The meeting should go very well,” President Donald Trump said on Truth Social Friday, announcing the new round of trade talks in London.

Other Asian indices, such as South Korea’s KOSPI and China’s Shanghai Composite, also gained ground despite the deepening consumer and factory gate deflation in China.

China’s deflation worsens

China’s consumer prices fell 0.1% year-over-year in May, according to data from the National Bureau of Statistics released on Monday. The CPI first turned negative in February.

Meanwhile, the producer price index, or factory gate prices, fell 3.3% year-over-year in May, registering a sharper decline than the 3.2% drop analysts had expected. Factory gate prices have been in deflation since October 2022.

According to Robin Brooks, senior fellow in the Global Economy and Development program at the Brookings Institution, the U.S. tariffs are generating a deflationary shock for major exporters like China.

“China’s producer price inflation for consumer goods is down to its lowest level since the 2008 crisis. U.S. tariffs will now push China into full-on deflation. All necessary conditions for deflation are there: weak consumption and a debt overhang. U.S. tariffs are now the catalyst…,” Brooks said on X.

The worsening deflation could prompt China to stimulate domestic demand with further liquidity easing.

China’s central bank in May cut the key interest rates by 10 basis points to a historic low while reducing the reserve requirement ratio, releasing liquidity into the market. Last week, the state-run China Securities Journal reported that the People’s Bank of China may lower the reserve requirement ratio further later this year to support growth and restart government bond trading.

More Chinese stimulus could bode well for financial markets, including cryptocurrencies.

Focus on U.S. CPI

The U.S. consumer price index for May due Wednesday will be scrutinized by markets for clues that Trump’s tariffs are adding to price pressures in the economy.

The headline CPI is seen matching April’s pace of 0.2% month-on-month growth, equating to an annualized 2.5% rise versus April’s 2.3% increase, according to FXStreet. Meanwhile, the core inflation, which excludes the volatile food and energy component, is forecast to have ticked higher to 2.9% in May from 2.8% in April.

Economists at Barclays expect the data to show first signs of tariffs-related price increases across wide range of core goods.

A hotter-than-expected print could dent Fed rate cuts, potentially injecting downside volatility in financial markets.



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Dow drops 115 points as S&P 500’s six-day rally ends
GameFi Guides

Dow Jones up 200 points as jobs data outshines trade fears

by admin June 4, 2025



U.S. stocks rose on Tuesday as the strong jobs report outweighed the OECD warning on the effects of the trade war.

Strong jobs data has boosted U.S. stocks, reversing earlier declines. On Tuesday, the Dow Jones index rose 0.5% or 209 points, while the S&P 500 gained 0.52%. The tech-heavy Nasdaq rose the most at 0.81%.

Stocks reversed declines from due to positive economic data. The Job Openings and Labor Turnover Survey update revealed that jobs openings rose in April, with 7.39 million new jobs at the month. This was an unexpected result, especially as U.S. “Liberation Day” tariffs took effect.

At the same time, hiring rates rose as well, and the number of available jobs to unemployed workers reached parity at 1. Overall, the report shows that the labor market remains strong. It also sets the stage for the report by the Bureau of Labor Statistics, set to release on Friday.

OECD warns about tariffs effects

Earlier on Tuesday, the OECD lowered its outlook on global growth, citing the effects of U.S. tariffs. According to the Organization for Economic Cooperation and Development, the global economy will grow by 2.9%, lower than the 3.3% last year.

The slowdown will impact the U.S., Canada, Mexico and China in particular, OECD expects. These are the countries most economically tied to U.S., and its major trading partners. At the same time, China is expected to suffer particularly under U.S. tariffs.

The U.S. economy is projected to grow just 1.6% in 2025, compared to 2.8% in 2024. At the same time, the organization warned about the inflationary effects of the tariffs. However, global inflation is expected to drop from last year, from 6.2% to 3.6% in 2025.

Lower commodity prices, largely a result of a slowdown in global demand, will contribute to lower consumer inflation.



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US markets close green as Trump tariff drama muddies outlook
Crypto Trends

Dow inches higher, Nasdaq gains 0.67% despite renewed trade tensions

by admin June 3, 2025



U.S. stocks ended higher on Monday, showing resilience despite rising trade tensions between Washington, Beijing, and Brussels. 

The Nasdaq Composite climbed 0.7%, while the S&P 500 added 0.4%. The Dow Jones Industrial Average posted a marginal gain of less than 0.1%.

The uptick came after China pushed back against President Trump’s accusation that it had breached the trade truce struck earlier this year. 

Beijing blamed the U.S. for escalating tensions by tightening export controls on AI chips and restricting visas for Chinese students. 

Meanwhile, Treasury Secretary Scott Bessent expressed confidence that President Trump and Chinese President Xi Jinping would resume talks soon.

European officials also criticized the U.S. over plans to double tariffs on steel and aluminum to 50% starting Wednesday, warning of potential retaliatory duties. A European Union trade delegation is now in Washington to address the issue.

Energy rally 

Despite the geopolitical friction, investor sentiment was buoyed by a rally in the energy sector. The S&P 500 Energy index rose 1%, driven by a 2.8% jump in U.S. crude-oil prices following a drone strike by Ukraine on Russian military targets. Additionally, OPEC+ announced a supply increase set for July, which further fueled gains in oil and copper futures.

Treasury yields moved higher, with the 10-year yield rising to 4.461% and the 30-year reaching a key technical level. The dollar index weakened, while the euro, pound, and yen gained.

The S&P 500 and Nasdaq are now coming off their strongest month since 2023, signaling renewed investor appetite despite global uncertainties.



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June 3, 2025 0 comments
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CoinDesk Bot
Crypto Trends

UNI Recovers as Volatility Spikes on Trade War Fears

by admin June 1, 2025



The cryptocurrency market faces mounting pressure as global economic tensions escalate, with Uniswap (UNI) experiencing dramatic price swings reflecting broader market uncertainty.

UNI’s recent 10.9% price range demonstrates how geopolitical factors are directly influencing digital asset valuations, as traders navigate between risk-off sentiment and opportunistic positioning.

Despite challenging conditions, Uniswap has shown resilience by breaking above key resistance levels, suggesting potential stabilization after significant volatility.

Technical Analysis Highlights

  • UNI experienced significant price turbulence over the 24-hour period, with a substantial range of 0.644 (10.9%) from the high of 6.589 to the low of 5.945, according to CoinDesk Research’s technical analysis data model.
  • The token faced a sharp selloff during the 16:00-01:00 period, plummeting from 6.510 to 5.954, with notably high volume (4.4M) at the 01:00 low, establishing a strong volume support zone.
  • A modest recovery followed, with UNI finding resistance around 6.120 and consolidating between 6.000-6.050, suggesting market indecision after the significant correction.
  • In the last hour, UNI experienced a significant downward trend followed by a modest recovery.
  • The token declined from 6.110 to a low of 6.017 around 13:51, establishing a key support zone with increased volume.
  • A notable reversal occurred at 14:01 when UNI surged 3.6% from 6.032 to 6.054, accompanied by elevated volume (28.7K), suggesting renewed buying interest.
  • The price action formed a bullish channel with resistance at 6.055 and support at 6.030, with the closing price of 6.051 indicating potential short-term stabilization after the earlier volatility.

External References



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June 1, 2025 0 comments
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