Key takeaway: XRP (XRP) recouped losses made between Wednesday and Friday and hovered around $2.26, up 9.7% from its local low of $2.06. Analysts said the altcoin may rally into double-digits amid increasing optimism of a possible spot XRP ETF approval in 2025. Approval odds for an XRP ETF jump to 98% The likelihood of…
The Avalanche blockchain surpassed 1 million daily transactions twice in the span of a week, which was the first time the network hit this milestone since February 2024. Avalanche transactions topped the mark on June 1 and again on Saturday. Total transactions for the week beginning June 2 reached 5.8 million, the highest weekly total…
It may not be long before Americans see the first active memecoin-focused exchange-traded funds, according to a Bloomberg ETF analyst. There is a “really good chance” that an ETF that actively trades memecoins will exist at some point, said Bloomberg ETF analyst Eric Balchunas in an X post on June 7. “First, we’ll get a…
Non-fungible token (NFT) artist Jonathan Mann, the musician behind the “Song A Day” project, has turned his crypto tax ordeal into a cautionary musical tale. In a new track shared on X, Mann recounted how he made $3 million selling his entire back catalog as NFTs, only to see it vanish as the market crashed…
United States President Donald Trump has signaled support for the idea that his official memecoin reflects public sentiment about his leadership. In a post on his social media platform Truth Social, Trump shared a Newsmax article discussing how his official cryptocurrency token serves as a gauge of political momentum, echoing views shared by some crypto…
US-based spot Ether exchange-traded funds (ETFs) have just recorded a third consecutive trading week of inflows. If next week follows suit, the current inflow streak alone may surpass $1 billion in total inflows. On June 6, spot Ether (ETH) ETFs posted $25.3 million inflows for the trading day, extending the streak to 15 consecutive inflow…
Eric Trump, son of the US President, announced that Trump family-backed crypto platform World Liberty Financial (WLF) plans to acquire a significant amount of the Official Trump memecoin following his endorsement of the token. Some users in the crypto community were surprised that Official Trump (TRUMP) didn’t see a stronger price reaction. “I am proud…
Arca Chief Investment Officer Jeff Dorman said the digital investment company has sold all of its Circle shares following the stablecoin company’s recent listing on the New York Stock Exchange. The update followed a scathing open letter published by Dorman on social media on June 5, criticizing Circle for giving the investment firm a “throwaway”…
Despite a week of price consolidation for Bitcoin (BTC), emerging digital asset legislation may provide the next significant catalyst for the world’s first cryptocurrency. Upcoming stablecoin rules, such as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, may lay the foundation for a Bitcoin cycle top of over $150,000, according to Alice…
Key points: Bitcoin recovered sharply from $100,000 on June 6, but the bears are expected to pose a strong challenge at higher levels. Several altcoins held their respective support levels, signaling a possible consolidation in the near term. Bitcoin (BTC) made a brilliant comeback on June 6, rising above $105,000, indicating solid demand at lower…