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Analyst and trader Michaël van de Poppe is offering his outlook on Bitcoin (BTC) and two other crypto assets amid a market recovery. Van de Poppe tells his 791,900 followers on the social media platform X that Bitcoin is in the first phase of consolidation after breaking out from the $106,500 price level. According to the widely followed analyst, the first consolidation phase is likely to last a couple of days. “Then, we’re going to have the next breakout above the all-time high. Ideal zone to buy? I would estimate around $107,000 – $108,000. Buy the dip season.” Source: Michaël van de Poppe/X Bitcoin is trading at $109,325 at time of writing. Next up is Ethereum (ETH). According to Van de Poppe, Ethereum is building up for a “big breakout” after a consolidation phase that has lasted for over a month. The widely followed analyst says Ethereum could rise by up to around 26% from the current level. “I assume we’ll start to s...

Elon Musk xAI loans have become a major talking point right now as the AI company aims at securing $5 billion in debt financing through Morgan Stanley, and this comes despite ongoing Trump feud impact that’s been affecting market confidence. The Morgan Stanley loans structure also reflects growing regulatory uncertainty in today’s volatile business environment. Also Read: Elon Musk’s XChat Encryption Slammed Amid $300M XAI Stock Sale Elon Musk’s xAI Raises $5B Loans Amid Regulatory Risks and Market Volatility Source: The Hill The Elon Musk xAI loans package includes a floating-rate term loan B that’s been priced at 97 cents on the dollar with a 700 basis point spread over SOFR, and there’s also an alternative option available. Morgan Stanley loans are being structured as a “best efforts” deal, with an alternative hybrid option that’s offering a 12% fixed coupon rate. Source: newyorkfed.org One insider had this to say: “What has shif...

The Indian rupee edged higher against the US dollar on Wednesday after foreign banks initiated mild sell-offs in the markets. The move has helped the rupee and other leading Asian currencies remain steady during the US and China trade talks. The rupee was hovering at 85.46 minutes after the opening bell with a surge of 0.2% from its previous close at 85.60. Reuters reported that foreign banks dumped US dollars as China agreed on a framework to ease trade tensions. At least two large foreign banks, most likely on behalf of institutional custodial clients were behind the sell-off. The development eventually “helped the rupee out,” said a trader at a state-run bank. Also Read: De-Dollarization: Wall Street Banks Forecast Further US Dollar Weakness This limited the US dollar’s growth at the DXY index and it failed to climb above the 100 mark. The DXY index remains in the green on Wednesday but is at 99.11 with an uptick of 0.01%. Previously, the greenback rallied during ne...

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Bitcoin (BTC), proudly referred to as the king of cryptocurrencies, is currently sitting at $109K. The token is slowly inching towards claiming the coveted $110K mark amid heightened institutional interest, which is once again acting as a catalyst to help BTC soar. The US President Donald was recently seen advising the world on how America is looking forward to holding Bitcoin for a long time, which has once again helped the token to stabilize its momentum. How high can BTC truly soar this cycle? Let’s find out. Also Read: BlackRock’s IBIT Spot Bitcoin ETF Reaches $70 Billion AUM Don’t Sell Bitcoin: US President Says Source: Watcher Guru In a new video snippet, US President Donald Trump can be seen delivering a speech where he emphasizes Bitcoin. He actively shared how Americans will now follow the universal crypto rule of never selling their Bitcoin, which activated positive market sentiments. Donald Trump: "From this day on American will follow the rule that every Bitcoine...

Mercuryo has announced the launch of Passkey, a biometric authentication solution designed to enhance security and simplify fiat-to-crypto transactions, based on information shared with Finbold on June 9.  The new feature eliminates the need for One Time Passcodes (OTP) by allowing users to log in using facial recognition or fingerprint scans. Passkey to roll out across Mercuryo’s 200+ partner network The Passkey feature, compatible with iPhone, Android, and Windows devices, will be deployed across Mercuryo’s network of over 200 partners, including major non-custodial wallets.  “We are delighted to have integrated Passkey, a feature that provides an optimal and intuitive log-in process while also greatly enhancing the protection of users’ data. The introduction of Passkey demonstrates our commitment to continuously evolving our service to deliver an exceptional user experience that will help further mainstream adoption of web3 payments,” said Petr Kozyakov, Co...

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From STRF to STRD — is Michael Saylor just selling junk bonds? Some followers of Michael Saylor have grown tired of his alliterative naming convention for a ballooning series of MicroStrategy (MSTR) preferred shares. After Strike, Strife, and now Stride, some shareholders just want to call a spade a spade. Indeed, according to several investors, his latest preferreds should be simply junk bonds . Saylor characterized Stride (STRD) as perpetual preferred stock with $100 of liquidation preference paying non-cumulative dividends at 10%. Bullish fans called his invention a “bitcoin black hole,” allowing time-space relocation of capital to benefit current MSTR shareholders with future opportunities. With Stride spinning this black hole, bullish shareholders saw “everything in the financial system being sucked in towards MicroStrategy.” Memes with singularity imagery proliferated across social media. STRD = SAYLOR'S BITCOIN BLACK HOLE In this hyper-charged ...

Trump Media & Technology Group (TMTG) , the company majority-owned by US president Donald Trump and operator of the Truth Social platform , has lodged both a Form S-1 registration statement and a supporting Form 19b-4 with the US Securities and Exchange Commission (SEC) seeking permission to launch the “Truth Social Bitcoin ETF”. If cleared, the fund would hold bitcoin directly and list on NYSE Arca, giving retail investors regulated exposure to the cryptocurrency without handling private keys. Details of the application The filing, dated 5 June 2025, appoints Yorkville America Digital as sponsor and names Crypto.com as the exclusive custodian, prime execution agent and liquidity provider. The trust will issue redeemable shares backed one-for-one by bitcoin stored in institutional-grade cold wallets. Management fees and redemption procedures have yet to be finalised, but the prospectus notes that shareholders will not receive assets derived from potential net...

Shiba Inu has turned an investment of $150 into a whopping $2.5 million on Wednesday. SHIB was launched on August 1, 2020, and an investment of $150 made then could have fetched traders trillions of tokens. Holding on to the investment from then until today could have rewarded traders with millions in profits. The latest data from Changelly shows that $150 in Shiba Inu back then is worth $2.5 million today. That’s a surge of 1,716,535% (1.7 million percent) in the last 58 months and is among the top-performing assets. No other financial asset has delivered this much returns in the last five years except for SHIB. Source: Changelly A handful of investors have made life-changing gains in Shiba Inu while some even made generational wealth. Early investors who took an entry position reaped all the rewards that the dog-themed token had to offer. SHIB was extremely bullish between 2020 to 2021 and generated massive gains during this timeframe. Also Read: $10K in SHIB Could Hit $106K by ...

Adam Back has endorsed a new term to be used to value bitcoin (BTC) treasury companies like MicroStrategy, MetaPlanet, Semler Scientific, Twenty One, or Nakamoto: mNAV months-to-cover.  The term somehow forecasts the number of months it will take a company to “cover” or “make up” for its otherwise high multiple-to-net asset value (mNAV). For new readers unaccustomed to the world of public companies holding magic internet money, these companies often trade at a multiple of their so-called net assets, which are just BTC. Even though public companies don’t have a net asset value, a controlled term, Bitcoiners have colloquially appropriated the fund management acronym NAV and assume the company’s BTC equals its NAV . Moreover, they refer to the value of the company’s BTC as its NAV even if that BTC is encumbered or the company has other debts. Anyway, the formula to calculate mNAV months-to-cover — further abbreviated “MmC” — is to divide m...