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Former U.S. President Donald Trump is preparing to launch his own coin, which is set to take place on Wednesday. While some people speculated that it might be a cryptocurrency, Trump’s project is more of a traditional product than a digital asset.

New Coin to Support Presidential Campaign
Donald Trump, who is running for the presidency of the United States again, announced the launch of a new coin to raise funds for his election campaign. The project, titled "Silver Medallion First Edition President Trump," aims to distribute physical silver to Americans who support his political vision and want to see him back in office. Although many of his supporters expected Trump to release a cryptocurrency, this new coin is something entirely different.
Launch of Limited Edition Coin
Trump announced that the coin will be sold for $100 each through the website RealTrumpCoins.com. The coin will be made of 99.9% pure silver and will only be available in a limited edition. One side of the coin will feature Donald Trump’s likeness, while the other side will display the White House accompanied by the phrase "In God We Trust."
This coin is expected to be one of several activities that Trump undertakes to secure the necessary funding for his campaign ahead of the upcoming presidential elections in the U.S. The coin comes at a time when Trump is actively seeking new ways to bolster his campaign and ensure he has the resources he needs. He stated that this silver coin is the "ONLY OFFICIAL coin" he has designed and that was minted in the U.S. under his leadership.
Cryptocurrency Expectations Unfulfilled
In recent months, several meme coins featuring themes related to Donald Trump have appeared in the market, capitalizing on his popularity. However, Trump has distanced himself from these unofficial tokens and emphasized during the introduction of his silver coin that:
"I’ve seen a lot of coins using my beautiful face, but they’re not official. RealTrumpCoin.com is the only place to purchase the official Trump coin."
At first glance, Trump’s announcement of a new official coin might seem related to cryptocurrency, as many of his fans have been expecting him to introduce a digital asset. For instance, last week, 84% of bettors on the Polymarket platform believed that Trump would come out with his own cryptocurrency. This anticipation was fueled by the launch of the World Liberty Financial project, which was speculated to potentially include an official Trump cryptocurrency.
World Liberty Financial and the True Purpose of the Coin
The World Liberty Financial project does contain a token called WLFI, but this token lacks the key characteristics of a classic cryptocurrency as many had envisioned. Although WLFI has been presented as a type of digital asset, it is not the classic cryptocurrency that Trump fans hoped for. While speculation continues regarding whether Trump will eventually come up with his own cryptocurrency project, the silver coin remains his current official product and focuses more on traditional investment in precious metals.
Thus, Trump continues to favor physical, tangible assets rather than joining the wave of digital assets that currently dominate the financial world.
Trump's fondness for cryptocurrencies.
Donald Trump also commented on the Fatty token before the presidential campaign. #Fatty caught Trump's attention because one of the characters in the game mimics Donald Trump, and they are also counting on Don's participation in their new video clip. The first episode featured UFC Champion Jiří Procházka and world-famous beauty contest winners. Fatty.io is still in presale, and it is expected to be one of the best launches of this period.
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Strategy co-founder and one of Bitcoin’s most prominent advocates, Michael Saylor, has responded to criticism from the crypto community following the company’s recent sale of a small portion of its Bitcoin holdings. According to Saylor, many investors misunderstood his long-standing message about Bitcoin ownership.
While some critics accused the company of hypocrisy, Saylor insists he never promised that Strategy would never sell its Bitcoin.
A Sale of 32 BTC Sparked the Debate
The controversy began after Strategy sold 32 Bitcoin worth approximately $2.5 million. Although the amount represented only a tiny fraction of the company’s overall holdings, it quickly attracted attention across the Bitcoin community.
Speaking at the Bitcoin Conference in Prague, Saylor addressed the criticism directly.
According to him, some social media users have misinterpreted his long-standing views on Bitcoin.
“I’ve always told individual investors not to sell their Bitcoin. But I never said that the company would never sell its Bitcoin,” Saylor explained.
Personal Convictions and Corporate Strategy Are Different
Saylor emphasized that there is a fundamental difference between personal investment beliefs and managing a publicly traded company.
While he continues to encourage individuals to view Bitcoin as a long-term asset, corporations must deal with operational requirements, capital management, and various financial obligations.
For that reason, he argues that a public company cannot always behave the same way as a private investor.
However, some members of the community interpreted his comments as confirmation that Strategy reserves the right to sell portions of its Bitcoin holdings whenever management believes it is necessary for business purposes.
Company Leadership Says the Sale Was Misunderstood
Strategy CEO Phong Le previously attempted to calm concerns surrounding the transaction.
According to his explanation, the sale was not driven by a change in the company’s Bitcoin strategy or a loss of confidence in the asset. Instead, the transaction was reportedly conducted primarily as a test of internal operational and administrative procedures.
That explanation, however, failed to convince many Bitcoin supporters.
Critics argue that promoting a long-term Bitcoin holding strategy while simultaneously leaving the door open for corporate sales creates a double standard.
Some community members even suggested that Strategy has always maintained an “exit ramp” for itself while encouraging retail investors to hold indefinitely.
Strategy Continues Buying Bitcoin
Despite the controversy, there is little evidence that Strategy’s broader Bitcoin strategy has changed.
Shortly after the debate surrounding the 32 BTC sale, the company announced another major acquisition. Between June 1 and June 7, Strategy purchased an additional 1,550 BTC for approximately $101 million.
The average purchase price was $65,332 per Bitcoin.
Still the Largest Corporate Bitcoin Holder in the World
Following the latest acquisition, Strategy’s total Bitcoin holdings increased to 845,256 BTC, further strengthening its position as the world’s largest corporate holder of Bitcoin.
Over the years, the company has invested tens of billions of dollars into the cryptocurrency, inspiring numerous other publicly traded firms to adopt similar treasury strategies.
Although Bitcoin currently trades below the company’s average acquisition cost, management has shown no signs of changing course.
Strategy’s average purchase price across its entire Bitcoin portfolio stands at approximately $75,699 per BTC. With Bitcoin trading near $62,560, the company is currently sitting on roughly $11 billion in unrealized losses.
Nevertheless, Michael Saylor continues to emphasize that Strategy views Bitcoin as a long-term strategic asset and that short-term market fluctuations do not alter the company’s conviction in its future.
#bitcoin , #MichaelSaylor , #strategy , #BTC , #cryptotrading
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Disclaimer:
The information and opinions presented in this article are for informational and educational purposes only and should not be considered financial or investment advice. Nothing on this page constitutes a recommendation to buy or sell any assets. Cryptocurrency investments are inherently risky and may result in financial loss. Always do your own research before making any investment decisions.

One of the most anticipated companies in modern history is finally approaching its long-awaited public debut. SpaceX is preparing to enter the stock market in what could become one of the largest IPOs ever, attracting enormous attention from institutional investors, retail traders, and even the cryptocurrency community.
While Wall Street counts down the days until the official launch, crypto markets have already started placing their bets on the future value of the company.
SpaceX Targets a $1.75 Trillion Valuation
Elon Musk’s aerospace giant is expected to begin trading on Nasdaq under the ticker symbol SPCX. Current estimates suggest a valuation of approximately $1.75 trillion, making it one of the biggest public offerings in financial history.
The proposed IPO price has been set at $135 per share. However, many investors are already questioning whether that level can hold once trading begins.
Market participants appear willing to pay significantly more for immediate exposure.
Crypto Exchanges Started Trading SpaceX Before the IPO
In an unusual development, several cryptocurrency platforms have already created products tied to SpaceX’s expected stock price.
Exchanges including Coinbase International Exchange, Hyperliquid, Binance, OKX, and MEXC have launched perpetual futures and synthetic contracts linked to SPCX. These instruments allow traders to speculate on the company’s future performance before shares officially begin trading on Nasdaq.
Demand has been exceptionally strong. Some contracts surged above $200 per share in May, while more recent trading activity has remained around $165 per share.
That pricing suggests a portion of the market believes SpaceX deserves a substantially higher valuation than the official IPO price implies.
Binance Launches a Special SpaceX Campaign
Interest in SpaceX has also expanded into the world of tokenized assets.
Binance Web3 Wallet recently introduced a subscription campaign connected to tokenized SpaceX securities. Eligible users can lock USDC in exchange for potential future allocations.
The initiative highlights the growing convergence between traditional finance and the cryptocurrency sector.
Why Is Everyone Watching SpaceX?
The excitement surrounding SpaceX goes far beyond Elon Musk’s reputation.
According to data from BryceTech, SpaceX dominated the global space launch industry throughout 2025. The company reportedly conducted the majority of orbital launches worldwide and was responsible for approximately 85% of all spacecraft sent into orbit.
Such operational dominance is extremely rare in any modern industry.
For many investors, SpaceX is no longer just a rocket company. It is increasingly viewed as a critical player in satellite communications, space infrastructure, global connectivity, and the future commercial economy beyond Earth.
Retail Investors Appear More Bullish Than Wall Street
One of the most fascinating aspects of the upcoming listing is the difference between institutional pricing and retail sentiment.
While major investment banks have anchored the IPO price near $135 per share, decentralized and crypto-based markets continue to value SpaceX significantly higher. This gap suggests that retail enthusiasm may be far stronger than the official pricing indicates.
Whether that premium survives once public trading begins remains one of the biggest questions surrounding the IPO.
Where Could SpaceX Stock Go Next?
Analysts expect significant volatility following the market debut, but some forecasts remain highly optimistic.
Several valuation models suggest that SPCX could trade between $200 and $240 per share during 2026 after the initial price discovery phase settles. More bullish projections point to continued expansion in the years ahead, with some forecasts placing the stock above $500 by the end of the decade if the company maintains its growth trajectory.
Of course, these projections remain speculative and will ultimately depend on future financial performance, business expansion, execution, and overall market conditions.
One thing is already clear: SpaceX is entering the public markets with enormous momentum, a trillion-dollar valuation, and expectations that could turn its IPO into one of the defining financial events of the decade.
#SpaceX , #ElonMusk , #Investing , #IPO , #cryptocurrency
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Disclaimer:
The information and opinions presented in this article are for informational and educational purposes only and should not be considered financial or investment advice. Nothing on this page constitutes a recommendation to buy or sell any assets. Cryptocurrency investments are inherently risky and may result in financial loss. Always do your own research before making any investment decisions.

The world's largest asset manager is once again expanding the boundaries of Bitcoin investing. BlackRock has taken another major step toward launching its new iShares Bitcoin Premium Income ETF, a product designed to provide investors with both Bitcoin exposure and income generation.
A recent filing with the U.S. Securities and Exchange Commission (SEC) suggests that the fund’s launch could be just days away.
BlackRock Registers the Fund for Nasdaq Listing
On June 11, BlackRock submitted a Form 8-A filing, officially registering the iShares Bitcoin Premium Income ETF for trading on the Nasdaq stock exchange.
The filing confirms the proposed registration of the trust’s shares under Section 12(b) of the Securities Exchange Act. Within the ETF industry, this type of filing is often viewed as one of the final regulatory steps before a product begins trading.
As a result, analysts are increasingly speculating that the fund could make its market debut as early as next week.
Analysts Expect a Launch Within Days
Eric Balchunas, Bloomberg’s senior ETF analyst, highlighted the filing on X, noting that Form 8-A submissions frequently signal an imminent launch.
According to his assessment, the ETF could begin trading as soon as next Thursday, although final timing will depend on the completion of all regulatory requirements.
This is not BlackRock’s first move toward the launch. Shortly before the filing, the asset manager updated its S-1 registration statement, confirming plans to list the fund under the ticker symbol BITA on Nasdaq.
Designed to Generate Income Through Options
Unlike traditional spot Bitcoin ETFs, BITA will not simply track the price of Bitcoin.
The actively managed fund is designed to generate additional income through a covered call strategy. By selling call options, the fund aims to collect option premiums that can provide investors with a stream of income alongside Bitcoin exposure.
According to the prospectus, the strategy will primarily utilize shares of IBIT, BlackRock’s highly successful spot Bitcoin ETF, while also potentially referencing other benchmarks linked to Bitcoin’s spot price.
Competition in the Market Is Intensifying
Growing interest in Bitcoin income-focused ETFs is attracting other major financial institutions as well.
Investment banking giant Goldman Sachs recently filed for its own Bitcoin Premium Income ETF, highlighting the increasing competition in this emerging segment of the market.
The Bitcoin ETF landscape is evolving beyond simple price exposure, with firms now exploring ways to offer investors additional yield-generating opportunities.
Nearly $10 Million Already Allocated to the Fund
The updated filings also revealed several key financial details.
The fund’s sponsor fee has been set at 0.65%, although certain fee waivers may apply under specific circumstances.
As of the latest filing, the trust held approximately $9.99 million in net assets, representing a net asset value of roughly $49.97 per share.
The initial seed capital came from BlackRock Financial Management, which invested $9.9 million in exchange for 198,000 shares priced at $50 each.
The Fund Already Holds Bitcoin and IBIT Shares
Regulatory documents indicate that the fund has already begun building its investment portfolio.
Market-making firms Jane Street Capital and Virtu Financial Singapore have been designated as trading counterparties, providing liquidity and execution services.
As of June 9, the trust reported holdings of approximately 109.96 BTC, 90,901 shares of IBIT, and 856 open options contracts. These positions suggest that much of the fund’s operational infrastructure is already in place.
If analysts' expectations prove accurate, BlackRock could introduce another innovative Bitcoin investment product as early as next week, combining exposure to the world’s largest cryptocurrency with the potential for recurring income generated through options-based strategies.
#blackRock , #bitcoin , #crypto , #etf , #CryptoNews
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Disclaimer:
The information and opinions presented in this article are for informational and educational purposes only and should not be considered financial or investment advice. Nothing on this page constitutes a recommendation to buy or sell any assets. Cryptocurrency investments are inherently risky and may result in financial loss. Always do your own research before making any investment decisions.

The future of one of the most significant cryptocurrency bills in the United States is becoming clearer. A recent White House meeting provided new insight into what could ultimately determine whether the CLARITY Act gains enough support in the Senate to move forward.
Lawmakers are also pushing to bring the legislation to a vote before the August congressional recess.
White House Hosts Critical Discussion on Crypto Regulation
According to journalist Eleanor Terrett, administration officials, members of Congress, and representatives from major law enforcement organizations gathered on Wednesday for an extensive discussion focused on the CLARITY Act and its key component, the Blockchain Regulatory Certainty Act (BRCA).
The meeting took place at the Eisenhower Executive Office Building and was organized by White House crypto adviser Patrick Witt and the White House Crypto Council. Participants included Representative Tom Emmer and White House AI and crypto czar David Sacks, both of whom delivered opening remarks before departing.
The discussion then shifted toward practical regulatory issues surrounding digital assets and ways to strengthen efforts against cryptocurrency-related crime.
Law Enforcement Focused on Crypto Crime Tools
Representatives from law enforcement agencies and prosecutors’ organizations played a significant role in the meeting. Attendees included members of national police organizations, prosecutors’ associations, and other groups involved in criminal enforcement.
According to Terrett, a substantial portion of the discussion centered on improving reporting mechanisms for suspicious crypto activity and enhancing tools available to investigators tackling cryptocurrency-related crimes.
The meeting comes as major industry players, including Coinbase, Kraken, Bitwise, and other crypto firms, continue to advocate for the passage of the CLARITY Act. Supporters argue that the legislation would provide much-needed regulatory certainty for blockchain developers and digital asset projects.
The Deciding Factor May Be Political, Not Technical
While technical and legal issues were heavily discussed, observers believe the most important takeaway from the meeting may be political rather than regulatory.
Terrett noted that support from law enforcement organizations could play a crucial role in influencing key Democratic senators. If these groups signal that they are comfortable with the bill’s framework, including the BRCA provisions, it could significantly improve the legislation’s chances of gaining bipartisan support.
Particular attention is focused on Democratic Senators Catherine Cortez Masto and Mark Warner, whose positions could prove decisive.
Republicans Need Democratic Support
Republicans do not currently have enough votes to advance the legislation on their own. To overcome procedural hurdles, the bill is expected to require support from at least seven Democratic senators.
The challenge is compounded by opposition from some of the Senate’s most outspoken crypto critics. Senator Elizabeth Warren remains one of the leading voices against efforts to ease regulations on digital assets.
As a result, lawmakers are now concentrating on persuading more moderate Democrats who could ultimately determine the bill’s fate.
Senate Vote Could Arrive Before August
If supporters can secure backing—or at least avoid active opposition—from key Democratic senators, the CLARITY Act could move to a Senate vote sooner than many expected.
Senator Cynthia Lummis has expressed optimism that the legislation could reach the Senate floor before lawmakers leave for the August recess.
For the cryptocurrency industry, such a vote would represent a major milestone. The CLARITY Act is widely viewed as one of the most comprehensive attempts to establish a clear regulatory framework for digital assets in the United States, and its passage could significantly shape the future of the crypto sector.
#CLARITYAct , #whitehouse , #USsenate , #Stablecoins , #CryptoNews
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Disclaimer:
The information and opinions presented in this article are for informational and educational purposes only and should not be considered financial or investment advice. Nothing on this page constitutes a recommendation to buy or sell any assets. Cryptocurrency investments are inherently risky and may result in financial loss. Always do your own research before making any investment decisions.

Pudgy Penguins’ native token, PENGU, is attempting to stabilize after months of selling pressure. Although the token gained 1.22% over the last 24 hours and traded around $0.0067585, the broader picture remains far less encouraging for investors.
Over the past seven days, PENGU has declined by 1.72%, while its 30-day performance shows a significant loss of 33.41%. Despite the weakness, early signs of stabilization are beginning to emerge. The key question now is whether buyers can reclaim the critical $0.01 level and trigger a more meaningful recovery.
PENGU Remains Near a Key Support Zone
During the past 24 hours, the token traded between $0.0063418 and $0.0068. Market capitalization stood at approximately $425.09 million, while daily trading volume reached $95.98 million.
Despite recent stabilization, PENGU remains far below its all-time high of $0.068447, recorded on December 17, 2024. However, it continues to trade well above its all-time low of $0.0037152, reached on April 9, 2025.
The daily chart shows that the token has been trapped in a prolonged downtrend. After falling from the $0.03404 region, PENGU gradually moved into the lower portion of its trading range.
The current range sits between support near $0.00602 and resistance around $0.01323. With the token trading close to support, buyers must defend this level to prevent another wave of downside pressure.
Technical Indicators Still Favor Caution
The nearest major support remains at $0.00602. A decisive breakdown below this level could weaken the current market structure and expose lower price targets.
On the upside, the first recovery zone lies between $0.0087 and $0.0100. This area previously acted as resistance and will likely be the first level traders monitor if buyers regain momentum.
For a stronger recovery to develop, PENGU would need to reclaim the $0.01 area and then push toward the major resistance at $0.01323. Until that happens, the chart continues to suggest consolidation rather than a confirmed trend reversal.
The Relative Strength Index (RSI) currently sits near 44.55, while its signal line remains higher at 53.69. This indicates that momentum has cooled after the recent rebound and remains below levels typically associated with strong buyer control.
The MACD indicator also remains slightly bearish. The MACD line continues to trade below the signal line, while the histogram remains negative. Although this does not signal aggressive selling pressure, it confirms that sellers still hold the advantage in the short term.
Futures Activity Accelerates While Spot Traders Stay Quiet
One of the most notable developments is taking place in the derivatives market.
According to CoinGlass data, PENGU futures trading volume surged 37.63% to $139.91 million. At the same time, open interest increased by 6.71% to $61.76 million.
Rising open interest suggests that traders are opening new positions and speculation is increasing. However, when this occurs near major support levels, it can also increase the risk of sharp liquidation-driven moves.
Spot market activity paints a different picture.
Net spot flows have slowed significantly since the beginning of the year and have flattened following the large swings seen during previous selloffs. The latest recorded net flow was just $247.31 while PENGU traded around $0.00678.
Compared with previous inflows and outflows measured in millions of dollars, this figure is extremely small and suggests a lack of strong buying or selling pressure.
Solana and the New Vibes TCG Release Draw Attention
The Pudgy Penguins ecosystem recently gained fresh attention following the announcement of the limited-edition Vibes TCG Season 3 collection.
The project revealed that starter packs and collector packs would launch on June 11 at 3:30 PM ET. The sale was scheduled to remain open for 48 hours or until inventory sold out.
Adding to the visibility, Solana’s official account amplified the announcement with the message: “Bringing the vibes back to Solana.”
These marketing initiatives could help keep Pudgy Penguins in the spotlight. The project continues to strengthen the connection between the PENGU token, gaming experiences, digital collectibles, and the broader Pudgy World consumer ecosystem.
What Comes Next for PENGU?
The most important zone to watch remains between $0.0087 and $0.0100. If PENGU can reclaim this area, the technical outlook would improve significantly and open the door for a move toward the $0.01323 resistance level.
On the downside, losing support at $0.00602 could reignite bearish pressure.
While futures traders are becoming increasingly active, spot market participants remain cautious. A meaningful return of capital will likely determine whether the current stabilization is merely a temporary pause—or the beginning of a genuine trend reversal.
#pengu #nft #Web3 #TechnicalAnalysis #CryptoNews
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Disclaimer:
The information and opinions presented in this article are for informational and educational purposes only and should not be considered financial or investment advice. Nothing on this page constitutes a recommendation to buy or sell any assets. Cryptocurrency investments are inherently risky and may result in financial loss. Always do your own research before making any investment decisions.

The largest initial public offering in U.S. history is facing growing scrutiny. Senator Elizabeth Warren has urged the U.S. Securities and Exchange Commission (SEC) to postpone SpaceX’s planned $75 billion IPO, arguing that too many questions remain regarding investor protection, corporate governance, and the company’s estimated $1.8 trillion valuation.
Just days before its anticipated market debut, SpaceX now finds itself at the center of a new political and financial controversy.
The Biggest IPO in U.S. History Faces Resistance
SpaceX plans to offer approximately 555 million shares and raise up to $75 billion in fresh capital. If successful, the transaction would become the largest IPO ever conducted on U.S. capital markets.
Investor demand has already been extraordinary. Orders have reportedly exceeded $250 billion, nearly four times the amount the company intends to raise.
According to Warren, however, overwhelming demand should not be viewed as a reason for celebration but rather as a reason for increased caution.
In a letter addressed to SEC Chairman Paul Atkins, she argued that the scale of the offering and the company’s significance warrant far greater regulatory scrutiny than a typical public listing.
Too Much Power Concentrated in Too Few Hands?
One of Warren’s primary concerns involves the concentration of control within the company.
According to the senator, public investors could commit billions of dollars to SpaceX while having very limited influence over its future direction. She specifically criticized the company’s voting structure, which she believes gives Elon Musk and other insiders disproportionate control.
Additional concerns include mandatory arbitration provisions, restrictions on shareholder proposals, and governance rules based on Texas corporate law.
Warren argues that this combination creates an environment where ordinary investors have limited options to protect their interests.
Questions Surround the $1.8 Trillion Valuation
The senator is not only challenging the company’s governance structure but also its valuation.
SpaceX is expected to debut with an estimated valuation of approximately $1.8 trillion, instantly placing it among the world’s most valuable companies.
However, Warren noted that several market analysts have questioned the assumptions used to justify such a valuation.
She believes investors should receive significantly more detailed disclosures regarding the company’s valuation methodology, business risks, and long-term financial outlook.
Warren also expressed concern that once SpaceX is added to major stock indexes, millions of investors could gain exposure through index funds without actively choosing to invest in the company.
Insider Participation Raises Additional Concerns
Another point of criticism involves the allocation of shares to company insiders.
According to available information, up to 5% of the IPO shares could be reserved for employees and other individuals closely connected to the company.
Warren warned that some participants in this insider program may be able to sell their shares with few restrictions, raising questions about whether all investors are being treated equally.
Cryptocurrencies Could Feel the Impact Too
The debate surrounding SpaceX extends beyond traditional stock markets.
Several analysts have suggested that the record-breaking IPO could temporarily draw capital away from cryptocurrency markets. Investors seeking to participate in the SpaceX offering may sell digital assets to free up funds for stock purchases.
Several crypto exchanges, including Binance, Kraken, Bybit, and Coinbase, have already launched SpaceX-related products ahead of the company’s public debut.
These instruments have experienced significant price swings, highlighting the intense level of speculation surrounding one of the most anticipated public offerings in recent years.
The SEC’s Decision Will Be Closely Watched
Elizabeth Warren’s request comes at a critical moment. SpaceX is on the verge of making history with its public listing, and any regulatory intervention could have implications not only for the company itself but also for broader stock and cryptocurrency markets.
Whether the SEC will decide to subject the offering to additional review remains uncertain. What is clear, however, is that one of the most closely watched IPOs in recent memory is attracting increasing attention from regulators, investors, and lawmakers alike.
#SEC , #ElizabethWarren , #ElonMusk , #SpaceX , #crypto
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Disclaimer:
The information and opinions presented in this article are for informational and educational purposes only and should not be considered financial or investment advice. Nothing on this page constitutes a recommendation to buy or sell any assets. Cryptocurrency investments are inherently risky and may result in financial loss. Always do your own research before making any investment decisions.

U.S. authorities have once again moved a portion of the cryptocurrencies seized in connection with the collapse of FTX and Alameda Research. The latest transaction, valued at approximately $984,000, was sent to Coinbase on June 10 and marks another step in the long-running liquidation process tied to assets confiscated during the criminal proceedings against Sam Bankman-Fried’s empire.
While the size of the latest transfer is relatively small compared to the government’s overall crypto holdings, investors continue to closely monitor every such movement. For smaller altcoins in particular, even modest sales can have a noticeable impact on market prices.
Another Batch of Tokens Heads to Coinbase
According to blockchain tracking data, the U.S. government transferred several cryptocurrencies originating from seized FTX and Alameda Research wallets.
The largest portion consisted of 98,591 Chainlink (LINK) tokens worth approximately $768,000. The transfer also included Aave (AAVE), Chiliz (CHZ), and Balancer (BAL).
Later that same day, additional assets worth roughly $216,000 were moved, bringing the total value of cryptocurrencies transferred to approximately $984,000.
This is far from an isolated event. In recent months, U.S. authorities have regularly moved seized digital assets to Coinbase, which serves as a primary platform for custody and potential liquidation of these holdings.
A Series of Transfers Ongoing Since 2025
Government wallet activity has been visible for quite some time.
At the end of May, authorities transferred approximately $800,000 worth of cryptocurrencies, including Bitcoin (BTC), Basic Attention Token (BAT), Yearn Finance (YFI), and 0x (ZRX).
Just two days earlier, tokens worth $1.9 million were sent to Coinbase. Those transfers included UNI, RNDR, SAND, MASK, AXS, and APE, along with $2.656 million worth of DAI stablecoins.
Another significant transaction occurred on May 19, when the government moved 319 ETH valued at approximately $673,000 at the time, alongside USDT, DAI, and USDC stablecoins worth a combined $933,774.
The history of these transfers stretches back even further. In December 2025, authorities moved assets including 1,934 WETH worth $6.43 million and BUSD valued at $13.58 million. One month earlier, government wallets transferred 15.1 million TRX worth $4.2 million, along with more than 545,000 FTT tokens.
Liquidation of FTX-Related Assets Continues
All of these assets originate from the extensive seizure efforts following the collapse of FTX.
After Sam Bankman-Fried was convicted in 2023, U.S. authorities began confiscating digital assets linked to FTX and Alameda Research. A federal court later ordered the forfeiture of approximately $11 billion in assets.
The recovered funds are primarily intended to compensate affected investors and creditors.
Under U.S. asset forfeiture procedures, seized assets can be sold, with proceeds transferred into federal forfeiture funds that may be used for victim restitution and other legally authorized purposes.
Coinbase Plays a Central Role
A key component of the process is Coinbase Prime.
The U.S. Marshals Service selected the platform in 2024 to provide custody and trading services for large-cap digital assets held by the federal government.
As a result, most seized cryptocurrencies are first transferred to Coinbase-linked addresses before any potential sale takes place.
Smaller Altcoins Could Face Additional Pressure
While Bitcoin and Ethereum can typically absorb these transfers without significant disruption, the situation is different for smaller altcoins.
Tokens such as CHZ, BAL, and other lower-liquidity assets often have much smaller daily trading volumes. As a result, transfers worth only a few hundred thousand dollars can create short-term selling pressure and increase volatility.
For example, the recent $768,000 LINK transfer was absorbed by the market without any major price reaction. Smaller tokens, however, may be much more sensitive to similar movements.
The U.S. Government Still Holds Billions in Crypto
Despite ongoing liquidations, the U.S. government remains one of the largest cryptocurrency holders in the world.
According to data from May 2026, federal wallets held digital assets worth approximately $27.06 billion spread across 610 wallet addresses.
The vast majority of those holdings consist of 328,361 BTC valued at roughly $26.64 billion.
This suggests that additional transfers and sales of seized cryptocurrencies may continue in the months ahead.
Investors Are Watching Every Move
Every transfer from government-controlled wallets is now closely monitored by blockchain analysts and traders.
Movements involving assets seized from FTX and Alameda Research frequently serve as short-term market signals, particularly for lower-liquidity tokens.
And because U.S. authorities have not yet disclosed a formal liquidation schedule for the remaining holdings, investors are likely to continue paying close attention to every new transaction involving these wallets.
#FTX , #SBF , #bitcoin , #CryptoNews , #blockchain
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Disclaimer:
The information and opinions presented in this article are for informational and educational purposes only and should not be considered financial or investment advice. Nothing on this page constitutes a recommendation to buy or sell any assets. Cryptocurrency investments are inherently risky and may result in financial loss. Always do your own research before making any investment decisions.

Negotiations surrounding the highly anticipated CLARITY Act, legislation designed to establish a clear regulatory framework for the U.S. cryptocurrency market, are entering a more challenging phase. While the crypto industry continues pushing for swift approval, lawmakers are now clashing over ethics provisions and protections for developers building decentralized technologies.
According to sources familiar with the discussions, talks between Republicans and Democrats have become increasingly tense, with some participants describing the current state of negotiations as fragile.
Democrats and Republicans Clash Over Ethics Rules
The biggest point of contention currently revolves around the bill’s ethics provisions.
Sources close to the negotiations claim disagreements have emerged between Democrats, Republicans, and the White House regarding a previously discussed compromise. That proposal would have allowed state attorneys general to take legal action against the U.S. Department of Justice if ethics rules related to cryptocurrency activities were not adequately enforced.
The framework also reportedly included provisions allowing action to be taken against members of Congress who violated established ethical standards.
Republican lawmakers, however, argue that several members who were not involved in the original negotiations later raised concerns about parts of the agreement, creating fresh obstacles in the legislative process.
Trump’s Crypto Activities Remain a Sensitive Topic
The ethics debate is closely tied to President Donald Trump’s involvement in the cryptocurrency sector.
Democrats have repeatedly raised concerns about potential conflicts of interest linked to World Liberty Financial (WLFI), the USD1 stablecoin, Bitcoin mining ventures, and other crypto-related businesses associated with the Trump family.
Critics point out that Trump’s crypto-related ventures reportedly generated more than $3 billion in profits over the past year, while investors holding some Trump-linked tokens collectively suffered losses exceeding $4 billion.
These concerns have fueled demands from several Democrats for stronger ethics provisions before they agree to support the legislation.
The Bill May Need Democratic Support to Advance
Although Republicans enjoy strong backing from much of the cryptocurrency industry, passing the CLARITY Act in the Senate will likely require support from at least some Democratic lawmakers.
Several crypto-friendly Democrats have already signaled that they may withhold support unless ethics concerns are addressed in a meaningful way.
This places additional pressure on negotiators to reach a compromise that satisfies both parties.
Whether lawmakers can find common ground before the bill reaches the Senate floor remains one of the biggest questions surrounding the legislation.
Crypto Industry Pushes for Developer Protections
Beyond ethics concerns, the debate over protections for developers of decentralized technologies is also intensifying.
Earlier this week, more than 200 cryptocurrency companies urged the Senate to approve the CLARITY Act.
Soon afterward, another coalition of over 60 organizations—including Hyperliquid, Solana, MultiCoin Capital, and the DeFi Education Fund—called on lawmakers to explicitly protect open-source developers and builders of decentralized applications.
According to MultiCoin Capital co-founder Tushar Jain, safeguarding developers is essential for maintaining America’s technological leadership in critical emerging industries.
He argued that protecting software developers is ultimately about protecting the country’s ability to remain competitive in the next generation of financial and technological innovation.
Regulatory Clarity Remains the Industry’s Top Priority
Leaders across the crypto sector continue to argue that the greatest obstacle to growth is not regulation itself, but uncertainty surrounding how digital assets will be regulated.
Businesses want clear rules that allow them to move beyond experimentation and begin deploying blockchain technologies at scale.
That is why many industry participants view the CLARITY Act as one of the most important cryptocurrency bills currently under consideration in the United States.
Time Is Running Out
Despite ongoing disagreements, members of the administration remain optimistic that the legislation can still move forward.
At the same time, warnings are emerging that opportunities for further delays may be shrinking.
If lawmakers fail to reach a compromise on ethics provisions and developer protections, one of the most significant cryptocurrency bills in recent U.S. history could face serious challenges before it ever reaches a final vote.
#CLARITYAct , #CryptoRegulation , #bitcoin , #cryptocurrency , #CryptoNews
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For more than a decade, on-chain metrics have been among the most trusted tools for measuring investor behavior and overall market sentiment in the cryptocurrency industry. Active addresses, transaction volumes, and exchange flows have often helped analysts identify market tops, bottoms, and trend reversals.
But the landscape has changed dramatically.
The launch of U.S. spot Bitcoin ETFs introduced a new way for investors to gain exposure to Bitcoin without ever interacting directly with the blockchain. As a result, billions of dollars can now enter the market with little impact on traditional on-chain indicators.
This has raised an increasingly important question: Are the metrics that guided crypto investors for years still telling the full story?
ETFs Have Changed How Investors Buy Bitcoin
When spot Bitcoin ETFs launched in January 2024, analysts expected significant institutional inflows—and that prediction proved correct.
What changed, however, was the route that capital takes into the market.
Today, investors can buy Bitcoin exposure through a standard brokerage account without setting up a crypto wallet, managing private keys, or interacting with blockchain networks.
As a result, substantial capital inflows can drive Bitcoin prices higher without generating corresponding increases in active addresses or transaction activity.
This phenomenon became especially visible during Bitcoin’s rally above $70,000. While prices reached new highs, many traditional blockchain metrics remained well below the levels seen during previous bull markets.
Ethereum Faces a Similar Challenge
A comparable transformation is taking place within the Ethereum ecosystem.
In the past, monitoring activity on Ethereum’s main blockchain provided a relatively accurate picture of network usage.
That is no longer the case.
A growing share of activity has migrated to Layer 2 networks such as Arbitrum, Optimism, Base, and zkSync. These solutions bundle thousands of transactions together before settling them on Ethereum’s main chain, significantly reducing fees and congestion.
At first glance, this can make Ethereum’s on-chain activity appear weaker.
In reality, users have simply moved to faster and more efficient scaling solutions.
Analysts who focus exclusively on Layer 1 data risk underestimating the true level of activity across the broader Ethereum ecosystem.
Do Exchange Inflows Still Signal Selling Pressure?
Another traditional market indicator undergoing a transformation is exchange flow data.
For years, large inflows of cryptocurrency to centralized exchanges were viewed as a bearish signal because investors often transferred assets to exchanges when preparing to sell.
Today, that interpretation is becoming less reliable.
Institutional investors, hedge funds, and asset managers increasingly use exchanges for custody services, derivatives hedging, portfolio rebalancing, and liquidity management.
As a result, coins moving onto exchanges do not necessarily indicate imminent selling pressure.
In many cases, such transfers may simply reflect operational or strategic portfolio decisions rather than a bearish market outlook.
Traditional Metrics Aren’t Wrong—They’re Incomplete
Industry experts emphasize that conventional on-chain indicators have not become useless.
The challenge is that many of these metrics were developed during an era dominated by retail investors, self-custody, and direct blockchain interaction.
Today’s market is shaped by ETFs, institutional capital, custodians, and Layer 2 ecosystems.
This means the same data points may carry very different implications than they did several years ago.
What Analysts Are Watching Now
As the crypto market evolves, analysts are increasingly turning to additional indicators.
One of the most important is Total Value Locked (TVL), which measures how much capital is actively being used within decentralized applications and protocols.
A rising TVL often signals stronger user engagement, increasing liquidity, and growing confidence in a blockchain ecosystem.
Market participants are also paying closer attention to whale activity.
Large holders frequently move ahead of broader market trends, making whale transactions valuable early indicators of shifting sentiment.
Stablecoin metrics have become another critical tool. By monitoring stablecoin supply, exchange balances, and market dominance, analysts can better assess whether capital is entering the crypto market, remaining on the sidelines, or rotating into riskier assets.
The Era of the Single Indicator Is Over
The cryptocurrency market of 2026 looks very different from the market of five or ten years ago.
ETFs, institutional participation, and the rapid growth of Layer 2 networks have fundamentally changed how investors interact with digital assets.
As a result, relying on a single metric is no longer enough to understand market sentiment.
Modern crypto analysis increasingly combines on-chain data, ETF flows, stablecoin liquidity, whale activity, and derivatives market information.
According to many industry observers, connecting these different data points is now essential for understanding where the cryptocurrency market is truly heading.
#bitcoin , #etf , #BTC , #CryptoMarket , #blockchain
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XRP is once again facing a challenging situation. After bulls failed to maintain momentum above the $1.15 level, sellers regained control and pushed the token lower. Technical indicators are now flashing warning signs, and analysts believe the current correction may not be over yet.
Unless buyers can quickly reclaim lost ground, XRP could face another wave of selling pressure.
Rejection at Resistance Triggers Fresh Decline
Like Bitcoin and Ethereum, XRP was unable to sustain higher prices. After failing to break and hold above $1.1550, the asset entered a new downward correction.
The price subsequently fell below several important support levels, including $1.15 and $1.1420. It also dropped beneath the 50% Fibonacci retracement of the move from the swing low at $1.05 to the recent high of $1.1862.
One positive sign for bulls is that the $1.10 region continues to act as a key support zone. Buyers have so far managed to prevent a deeper sell-off in this area.
Meanwhile, a descending trendline has formed on the hourly chart, creating a significant obstacle for any potential recovery attempt.
Key Resistance Levels Will Determine the Next Move
If XRP attempts to rebound, the first challenge lies near the $1.12 level.
More importantly, major resistance is located around $1.1350, where the 100-hour moving average is currently positioned. This area is likely to determine whether XRP can regain bullish momentum.
A breakout above $1.1350 could open the door toward higher targets, including:
$1.1420$1.1550$1.1650$1.1840
A move back above $1.1550 would significantly improve the technical outlook and could attract fresh buying interest.
Could XRP Fall Below $1?
Despite the possibility of a recovery, the market structure remains fragile.
If XRP fails to reclaim the $1.1350 resistance zone, another leg lower could follow. The nearest support remains at $1.10, a level bulls are still defending.
However, the more critical support sits near $1.08, which corresponds to the 76.4% Fibonacci retracement of the previous rally.
A decisive break below this level could further damage market sentiment and expose XRP to additional downside risk.
Analysts are closely watching several potential downside targets:
$1.0650$1.0500$1.0200The psychological $1.00 level
The $1 mark remains one of the most important levels on the chart and could become the focal point if selling pressure intensifies.
Technical Indicators Continue to Favor Bears
Short-term technical indicators currently suggest that sellers maintain the upper hand.
The MACD remains in bearish territory and continues to lose momentum, reflecting ongoing downward pressure.
Meanwhile, the Relative Strength Index (RSI) has dropped below the 50 level, indicating weakening buyer strength and a market increasingly controlled by bears.
Critical Hours Ahead for XRP
XRP is approaching a crucial decision point. While buyers continue to defend the $1.10 support zone, the broader technical picture is gradually deteriorating.
If bulls fail to reclaim the area above $1.1350, the risk of a deeper correction could increase substantially. Conversely, a successful breakout above key resistance levels could restore confidence and pave the way for another attempt at recent highs.
The coming trading sessions may determine whether XRP begins a new recovery phase—or extends its correction toward the important psychological level of $1.
#xrp #Ripple #CryptoNews #CryptoMarket #TechnicalAnalysis
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While most 20-year-olds are focused on college, starting their careers, or saving money, Canadian citizen Trenton Richard Johnston was allegedly spending millions of dollars on Lamborghinis, luxury homes, and private jet travel. According to U.S. prosecutors, however, the money did not come from business ventures or successful investments—it came from a large-scale cryptocurrency fraud operation.
Investigators say Johnston and his accomplices stole more than $13 million in digital assets through sophisticated social engineering schemes. Instead of hacking blockchains or exploiting software vulnerabilities, they targeted something far easier: human trust.
Impersonating Google and Trezor to Gain Access
According to court documents, the operation began in early 2024. The strategy was simple yet highly effective.
The group allegedly contacted victims while posing as representatives from well-known companies such as Google, Coinbase, and hardware wallet provider Trezor. Victims were told that their accounts had been compromised or that hackers were attempting to access their cryptocurrency holdings.
Believing they were protecting their assets, victims unknowingly provided information that allowed the fraudsters to gain control of their wallets.
One of the first successful scams netted approximately $41,000 worth of Ethereum. But a much larger theft would soon follow.
A Single Scam Led to a $13 Million Bitcoin Theft
In March 2024, Johnston and his associates allegedly targeted a cryptocurrency investor in California.
Again posing as representatives of Google and Trezor, they convinced the victim that their crypto wallet was at risk and required immediate action.
The result was devastating.
The scammers gained access to a Bitcoin wallet containing roughly $13 million worth of BTC.
Authorities describe the theft as one of the largest social engineering-based cryptocurrency scams in recent years, relying entirely on manipulation rather than technical exploits.
Lamborghinis, Rolls-Royces, and Private Jets
U.S. prosecutors claim that more than $1.2 million of the stolen funds was spent within just two months on an extravagant lifestyle.
According to investigators, Johnston purchased or rented luxury vehicles, including a Lamborghini Aventador SVJ, multiple BMWs, and other high-end automobiles.
The stolen funds were also used for:
Private jet chartersLuxury rental properties in MiamiExpensive jewelry and designer goodsTravel and entertainment expenses
Authorities further allege that part of the money was used to purchase airline tickets for two women traveling from New York.
The Downfall Began With a Routine Traffic Stop
Despite allegedly stealing millions, Johnston’s freedom came to an unexpected end.
In March, he was pulled over while driving a Rolls-Royce for speeding.
During the traffic stop, officers discovered 21 pills suspected to be amphetamines. The encounter ultimately led investigators to seize his computer, mobile phone, and handwritten notes.
Digital evidence recovered from those devices later helped authorities connect him to the cryptocurrency fraud scheme.
Guilty Plea Could Significantly Reduce His Sentence
Now 20 years old, Johnston has pleaded guilty to conspiracy to commit money laundering.
By accepting a plea agreement, he avoided several additional charges that could have exposed him to decades behind bars.
Federal prosecutors are recommending a prison sentence of between 51 and 63 months in exchange for his full cooperation with the investigation.
As part of the agreement, Johnston has already surrendered approximately 53 Bitcoin and more than 275 Ether, assets currently worth over $3.7 million.
His associate, Brandon Tardibone, who allegedly helped launder funds through luxury vehicle transactions, has also pleaded guilty and faces a recommended sentence of 27 to 33 months in prison.
Social Engineering Is Becoming an Increasing Threat
Cybersecurity experts warn that attacks like these are becoming more common throughout the cryptocurrency industry.
Unlike traditional hacks, social engineering attacks do not rely on breaking software or exploiting code vulnerabilities. Instead, they exploit human psychology.
According to Deddy Lavid, co-founder and CEO of blockchain security firm Cyvers, social engineering has become one of the most dangerous forms of crypto-related crime.
Attackers do not need to breach a blockchain network or compromise an exchange. They only need to gain a victim’s trust for a few minutes.
Because cryptocurrency transactions are fast and generally irreversible, the losses are often permanent.
U.S. Authorities Continue Crackdown on Crypto Fraud
The Johnston case is only one example of a broader effort by U.S. authorities to combat cryptocurrency-related crime.
In April, another individual was sentenced to 70 months in prison for participating in a criminal operation that stole more than $263 million in cryptocurrency through social engineering and related schemes.
Earlier this year, a Chinese national received a 20-year prison sentence in the United States for operating a global crypto fraud network that defrauded investors of more than $73 million.
Security experts argue that education alone is no longer enough to protect users. Instead, they believe the future of crypto security lies in real-time monitoring systems capable of detecting suspicious activity and preventing fraudulent transactions before funds leave a victim’s account.
#bitcoin #Cryptoscam #CryptoCrime #cryptocurrency #blockchain
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While Wall Street is still eagerly awaiting the public debut of SpaceX shares, cryptocurrency traders have already been betting heavily on Elon Musk’s company. For weeks, crypto exchanges have been offering derivatives linked to SpaceX, generating hundreds of millions of dollars in daily trading volume.
At a time when Bitcoin is struggling below $62,000 and the broader crypto market remains under pressure, a growing question is emerging: Is the highly anticipated SpaceX IPO draining liquidity from digital assets?
Investors Are Pushing SpaceX Toward a $1.8 Trillion Valuation
SpaceX’s public market debut is undoubtedly one of the most closely watched financial events of the year. The company plans to offer approximately $75 billion worth of shares, while reported investor demand has already exceeded $250 billion.
That means demand is several times larger than the available supply.
The expected IPO price is around $135 per share, valuing SpaceX at roughly $1.77 trillion.
Interestingly, the cryptocurrency market is already assigning an even more optimistic valuation. On several trading platforms, SpaceX-linked futures contracts are trading near $162 per share, signaling higher expectations among investors.
If those valuations are reflected after the official listing, SpaceX would instantly become one of the largest publicly traded companies in the United States and could even surpass Tesla’s current market capitalization.
Crypto Exchanges Have Turned SpaceX Into One of the Hottest Trades
The biggest surprise is not the interest itself—but where it is coming from.
Cryptocurrency exchanges began offering SpaceX-linked products before the IPO, and traders embraced them with remarkable enthusiasm.
According to market data, Binance alone processed approximately $287 million in SpaceX futures volume within a single day. Combined trading activity across platforms exceeded $525 million over a 24-hour period.
Hyperliquid also emerged as a major center for SpaceX speculation, with open interest surpassing $115 million as traders positioned themselves ahead of the company’s market debut.
Major platforms including Coinbase, Kraken, and Bybit have also launched SpaceX-related products, allowing investors to gain exposure to the company before its shares officially begin trading.
Is Crypto Paying the Price for the SpaceX Frenzy?
Since the first SpaceX futures products were launched in mid-May, cryptocurrency markets have remained under pressure.
During the same period, Bitcoin has fallen by roughly 20%, while Ethereum has declined by approximately 23%. Meanwhile, the total cryptocurrency market has lost more than $180 billion in value.
As a result, many analysts are questioning whether part of that capital is being redirected toward what could become the most attractive IPO in years.
Well-known market analyst Michael van de Poppe believes the connection may not be a coincidence.
According to him, many investors who would normally seek opportunities within the crypto sector are currently focusing their attention on SpaceX. Interest in Elon Musk’s aerospace giant appears, at least for now, stronger than interest in Bitcoin and many major altcoins.
What Happens After SpaceX Goes Public?
The next phase will largely depend on how SpaceX shares perform once public trading begins.
If the initial excitement fades quickly, some of the capital currently flowing into SpaceX-related products could return to Bitcoin, Ethereum, and the broader crypto market. Such a scenario could help fuel a new recovery across digital assets.
However, if SpaceX continues attracting investors and delivers strong post-IPO performance, cryptocurrencies could face ongoing competition for speculative capital.
That is why traders will be watching not only Bitcoin’s price action in the coming days, but also SpaceX’s first trading sessions. The outcome could significantly influence sentiment across both traditional and digital asset markets.
#SpaceX #bitcoin #CryptoNews #CryptoMarket #IPO
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After months of relentless selling pressure, Hamster Kombat (HMSTR) has finally shown signs of life. Within just 24 hours, the token surged more than 55%, while trading volume skyrocketed by over 1,300%.
Such a dramatic increase in activity suggests that the move is not merely the result of short-term speculation or a technical bounce. Instead, fresh capital appears to be flowing into the market, reigniting investor interest in the once-popular project.
However, a key question remains: Is this the beginning of a genuine trend reversal, or simply a temporary rally following a prolonged decline?
Breakout Above Key Resistance Changes Market Sentiment
The most significant development was HMSTR’s decisive breakout above the $0.00020–$0.00021 range.
For months, this area acted as a major barrier, repeatedly stopping every recovery attempt and keeping the token trapped in a bearish structure.
This time, however, buyers managed to break through the resistance with strong trading volume supporting the move. That is an important signal because it points to genuine market demand rather than a short-lived spike caused by thin liquidity.
Another encouraging sign comes from the Chaikin Money Flow (CMF) indicator, which has moved back into positive territory. This suggests that capital is once again flowing into the asset, giving buyers a short-term advantage.
At the same time, HMSTR has climbed above both its 50-day and 200-day moving averages. If the upward momentum continues, a potential “golden cross” could form—a technical pattern widely viewed by traders as one of the strongest bullish signals.
A Major Obstacle Still Lies Ahead
Despite the impressive rally, Hamster Kombat’s biggest challenge may still be ahead.
The token is rapidly approaching the $0.00030–$0.00031 zone, an area that previously served as a major distribution region where heavy selling pressure emerged.
Many traders who bought at lower levels may choose to lock in profits near this resistance, potentially creating another test for the bulls.
If buyers can successfully push the price above this area and secure a strong daily close, it could invalidate the long-term bearish structure and open the door to a much larger recovery.
Conversely, rejection at this level could trigger a short-term correction before another attempt higher.
The Critical Support Level Bulls Must Defend
Investors are now closely watching the $0.00020–$0.00021 range.
What was once a strong resistance zone has now become a key support area. If buyers can defend it during any pullback, the chances of the current rally evolving into a sustainable uptrend increase significantly.
Losing this support, however, could indicate that the recent surge was merely a temporary spike without a solid foundation.
Is a Real Trend Reversal Finally Beginning?
Hamster Kombat has delivered its strongest bullish signal in months. A 55% price surge combined with a more than thirteenfold increase in trading volume shows that the token has once again captured the market’s attention.
Yet the true confirmation of a long-term trend reversal has not arrived.
As long as HMSTR remains above the $0.00020 support zone and continues challenging resistance around $0.00030–$0.00031, buyers are likely to remain in control.
A breakout above that resistance could trigger a much larger recovery phase. Failure to do so may result in a healthy correction before the market attempts another push higher.
#HamsterKombat #HMSTR #CryptoNews #CryptoMarket #altcoins
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Bitcoin has surprised investors with its resilience in recent days. Despite rising U.S. inflation, continued outflows from spot Bitcoin ETFs, and escalating geopolitical tensions between the United States and Iran, the world's largest cryptocurrency managed to gain more than 2% over the past 24 hours.
According to analysts at CryptoQuant, however, a much more important story may be unfolding beneath the surface. Several on-chain indicators suggest that Bitcoin could be approaching a major structural bottom in the current market cycle.
CryptoQuant: A Historic Bottom May Be Closer Than Many Expect
CryptoQuant Head of Research Julio Moreno noted that Bitcoin has historically found market bottoms near its realized price.
This metric represents the average price at which all existing bitcoins were last moved on-chain and is widely regarded as one of the most important indicators of Bitcoin’s long-term value.
In the current cycle, Bitcoin’s realized price sits near $53,600.
“Historically, this level has often confirmed market bottoms. That doesn’t necessarily mean we’ve reached one yet, but considering the weak demand for Bitcoin, it remains a possibility,” Moreno explained.
Last week, BTC fell to roughly $59,000, placing it only about 9% above its realized price. Since then, the market has recovered part of its losses, pushing Bitcoin back above $62,000.
Price Alone Is Not Enough
Although Bitcoin is trading near levels that have historically marked major bottoms, analysts caution that key confirmation signals are still missing.
According to CryptoQuant, a sustainable recovery would require a meaningful rebound in demand, stabilization of capital flows, and stronger investor participation.
Moreno emphasized that without a recovery in demand, the current market conditions cannot yet be considered a definitive end to the correction.
For now, the area should be viewed as a potential bottom zone rather than confirmation of a new bull market.
ETFs and Institutions Remain a Headwind
Weakening institutional demand continues to weigh on the market.
Spot Bitcoin ETFs have experienced capital outflows in recent weeks, while many large investors have adopted a more cautious stance toward risk assets.
Glassnode also highlighted that Bitcoin’s recent drop below $60,000 coincided with rising losses among short-term holders.
Many newer investors sold their positions at a loss, increasing downward pressure on the market.
At the same time, options markets have begun pricing in greater uncertainty and elevated risk expectations.
The Four-Year Cycle Still Points Toward Recovery
Well-known market analyst Benjamin Cowen remains optimistic.
According to Cowen, Bitcoin’s traditional four-year cycle continues to follow a pattern similar to previous market cycles.
He believes the final bottom could emerge around October, while acknowledging that another move below $60,000 cannot be ruled out.
Persistent macroeconomic challenges, elevated interest rates, and uncertainty surrounding central bank policy remain the primary concerns.
Nevertheless, Cowen notes that Bitcoin is currently reacting to one of its most important long-term technical indicators—the 200-week moving average—which has repeatedly served as strong support throughout previous cycles.
Technical Indicators Suggest a Possible Reversal
Some traders are also pointing to the potential formation of a double-bottom pattern.
Bitcoin has repeatedly tested the area around $60,000, where significant buying activity continues to emerge.
Another bullish signal comes from the fact that BTC is trading within the Fibonacci Golden Zone on the weekly chart. Historically, this region has often been associated with major long-term trend reversals.
The combination of the Fibonacci Golden Zone and the 200-week moving average has led some analysts to believe that Bitcoin could eventually target $70,000 again if market conditions stabilize.
Derivatives Markets Are Beginning to Bet on a Recovery
Optimism is also becoming visible in the futures market.
Data from CoinGlass shows that Bitcoin futures open interest increased by nearly 2% over the past 24 hours, reaching approximately $45.71 billion.
The strongest increases were recorded on CME, Binance, and OKX, where open interest rose by roughly 5%, 2%, and 4%, respectively.
Such activity often signals growing trader participation and an increased willingness to open new positions.
While short-term uncertainty remains elevated, rising futures activity suggests that a portion of market participants is beginning to position for a stronger recovery in the months ahead.
A Defining Moment for Bitcoin
Bitcoin now finds itself in one of the most important zones of the current market cycle.
On one side stand weakening demand, ETF outflows, and persistent macroeconomic risks. On the other are historically significant technical levels, growing futures market activity, and on-chain signals that have often preceded major bottoms in the past.
The question now is whether Bitcoin is preparing for the next major bull cycle—or whether investors still face one final wave of volatility before a lasting trend reversal takes shape.
#BTC , #bitcoin , #CryptoNews , #CryptoAnalysis , #etf
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Tensions Escalate in the Middle East: Iran Announces Closure of the Strait of Hormuz Following New U.S. Strikes
The situation in the Middle East continues to deteriorate. Iran’s military command has announced the closure of the Strait of Hormuz to all maritime traffic following a new wave of U.S. military strikes on Iranian targets. The move comes as diplomatic efforts to end the conflict face increasing challenges and regional tensions continue to rise.
Tehran Issues Strong Warning to Shipping Traffic
According to Iranian media reports, the Khatam al-Anbiya Central Headquarters ordered the complete closure of the strategic waterway for security reasons. Military officials stated that all vessels operating in the area would be subject to monitoring and potential intervention.
Iran’s Revolutionary Guard Corps later claimed that two vessels attempted to pass through the strait despite the restrictions. State broadcaster IRIB and the Mehr News Agency reported that Iranian forces took action against the ships. Tehran described their passage as illegal and simultaneously warned vessels anchored in the Persian Gulf and the Gulf of Oman not to leave their positions.
The Revolutionary Guards further stated that any attempt to approach the Strait of Hormuz could be considered cooperation with hostile forces.
Tensions intensified after reports of explosions near Bandar Abbas, Qeshm Island, Minab, and Sirik. Iranian media claimed that several locations in southern Iran were struck by what they described as hostile projectiles.
United States Launches Additional Military Operations
The U.S. Central Command (CENTCOM) announced that it carried out another round of strikes against Iranian targets on June 10. Washington described the operation as a defensive measure in response to continued Iranian actions.
According to U.S. officials, the strikes began at 5:15 PM New York time and were conducted in response to what American authorities called ongoing aggression from Tehran.
The latest operation followed previous strikes carried out on June 9, after Iran reportedly shot down a U.S. Apache helicopter. Iranian media reported that those attacks targeted air defense systems, radar installations, and other military facilities.
President Donald Trump subsequently accused Iran of delaying peace negotiations and signaled that Washington was prepared to maintain pressure.
“We hit them hard yesterday, and we’ll hit them hard again today,” Trump said before the latest military operation began.
Iran, meanwhile, accused the United States of targeting civilian infrastructure. Defense Secretary Pete Hegseth stated that the purpose of the strikes was to push Tehran toward an agreement.
Diplomatic Talks Continue Despite Military Escalation
Despite the ongoing military operations, negotiations aimed at ending the conflict have not officially been suspended.
White House officials stated that the United States intends to continue diplomatic efforts alongside military pressure. According to Washington, operations will continue until an agreement is reached.
Donald Trump also claimed that U.S. forces had helped secure the passage of more than 200 commercial vessels and facilitated the movement of over 100 million barrels of oil to global markets.
The U.S. president further argued that control of the Strait of Hormuz rests with the United States, not Iran. Tehran’s latest announcement directly challenges that claim.
Strait of Hormuz Remains Vital to the Global Economy
The Strait of Hormuz is one of the most strategically important maritime routes in the world. A significant portion of global oil exports and energy supplies passes through this narrow waterway.
Any disruption to shipping in the area immediately draws the attention of energy markets, investors, and governments worldwide.
According to Iranian media, the strait will remain closed until further notice. Should the situation continue to escalate, the consequences could extend far beyond regional security, potentially affecting oil prices, global trade flows, and financial markets around the world.
#iran , #usa , #OilMarket , #Geopolitics , #TRUMP
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The XRP community has been energized once again after Ripple CEO Brad Garlinghouse publicly supported a controversial view suggesting that much of today’s cryptocurrency industry is gradually moving toward the same strategy Ripple has pursued for more than a decade.
The discussion began when Flare co-founder Hugo Philion argued in a recent interview that many projects that once criticized Ripple for working with banks and financial institutions are now pursuing remarkably similar goals.
Garlinghouse later responded with a single word:
“Truth.”
That brief comment quickly sparked a wave of debate across the crypto community.
From “Bankers’ Coin” to an Institutional Trend?
Ripple was one of the first blockchain companies to focus heavily on partnerships with banks, payment providers, and financial institutions.
For years, that approach attracted criticism from parts of the crypto community. XRP was frequently labeled a “bankers’ coin,” while decentralization advocates argued that Ripple’s strategy conflicted with the original vision of cryptocurrencies.
According to Hugo Philion, however, the landscape has changed dramatically.
During the interview, he stated that the industry is increasingly moving toward connecting blockchain technology with traditional finance. Many companies are now exploring ways to collaborate with banks, tokenize real-world assets, and build infrastructure for institutional capital.
As a result, Philion believes a growing number of projects are heading in the same direction Ripple has followed since its inception.
Philion: Ripple’s Challenge Was Regulation, Not Its Business Model
The Flare co-founder also emphasized that, in his view, Ripple’s biggest obstacle was never its business model.
Instead, he pointed to the company’s lengthy legal battle with the U.S. Securities and Exchange Commission (SEC), which many observers believe slowed the development of the broader XRP ecosystem.
Philion argued that Ripple has remained committed to its original vision of building payment infrastructure for the global financial sector throughout that period.
“I think they have a strong solution, and they’ve remained remarkably consistent with that vision,” he said during the interview.
The XRP Community Responds
Shortly after the interview clip was shared online, it spread rapidly across social media platforms.
Many XRP supporters argued that institutions, banks, and large financial firms are now showing increasing interest in blockchain-based payment systems, asset tokenization, and settlement infrastructure.
These are precisely the areas where Ripple has focused its efforts for years.
Critics, however, pointed out that the claim that the entire industry is “copying XRP” remains an opinion rather than a verifiable fact.
The discussion once again highlighted how divisive Ripple continues to be within the cryptocurrency industry.
A Major XRP Ledger Upgrade Is Approaching
The debate comes at a time when the XRP community is preparing for the release of XRP Ledger version 3.2.0, scheduled for June 15.
The upgrade follows the successful rollout of version 3.1.3 and introduces a variety of enhancements related to NFTs, Multi-Purpose Tokens (MPTs), vaults, lending protocols, and permissioned domains.
One of the most notable changes is the planned transition of the core server software from “rippled” to “xrpld.”
According to developers, the move is intended to better reflect the growing open-source ecosystem surrounding XRP Ledger and highlight that the network has evolved beyond Ripple alone.
Is the Market’s View of XRP Changing?
Whether Philion and Garlinghouse are right remains open to debate.
What is clear, however, is that institutional blockchain adoption has become one of the dominant trends shaping the cryptocurrency industry today.
While projects focused on financial institutions were once heavily criticized, an increasing number of companies are now targeting payments, tokenization, and digital financial infrastructure.
The question is whether XRP was simply ahead of its time—or whether this is just the latest chapter in the long-running debate between Ripple supporters and critics.
#xrp , #Ripple , #BradGarlinghouse , #CryptoNews , #CryptoCommunity
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The information and opinions presented in this article are for informational and educational purposes only and should not be considered financial or investment advice. Nothing on this page constitutes a recommendation to buy or sell any assets. Cryptocurrency investments are inherently risky and may result in financial loss. Always do your own research before making any investment decisions.

As Washington moves forward with implementing the GENIUS Act, New York is already taking steps that could cement its position as the leading stablecoin regulator in the United States.
The New York State Department of Financial Services (NYDFS) has unveiled a comprehensive proposal designed to align the state’s stablecoin oversight framework with the federal standards established under the GENIUS Act. If adopted, stablecoin issuers would face some of the strictest regulatory requirements in the digital asset industry.
New York Is Determined to Maintain Its Leadership Role
New York has long been one of the most influential jurisdictions for cryptocurrency regulation in the United States. The state is home to the well-known BitLicense framework, and several major dollar-backed stablecoin issuers already operate under NYDFS supervision.
The new proposal signals that New York has no intention of leaving oversight of the rapidly growing stablecoin sector entirely to federal regulators.
Acting NYDFS Superintendent Kaitlin Asrow stated that many provisions of the GENIUS Act reflect principles that New York has already been applying through its regulatory approach to digital assets.
According to Asrow, the updated framework is intended to ensure that New York’s oversight remains fully compatible with federal requirements while maintaining the state’s high standards for investor protection.
Stablecoin Issuers Face Tougher Requirements
One of the most significant aspects of the proposal involves new reserve and liquidity standards.
Issuers would be required to demonstrate that they maintain sufficient reserves to fully back all outstanding tokens while also complying with stricter rules governing reserve asset management.
Regulators also want to introduce concentration limits designed to prevent excessive dependence on a single reserve custodian or asset type.
If an issuer fails to maintain the required reserve thresholds over an extended period, it could face corrective measures or additional regulatory action.
Customer Redemptions Within Two Business Days
Another major provision focuses on stablecoin redemption rights.
Under the proposal, issuers would be required to ensure that customers receive their funds within two business days of submitting a redemption request.
The goal is to strengthen confidence in stablecoins and prevent situations where investors lose access to their funds during periods of market stress.
The proposal also reinforces restrictions on yield-bearing stablecoins, one of the most debated issues surrounding the implementation of the GENIUS Act.
Stablecoin Firms Are Beginning to Resemble Banks
The framework extends far beyond reserve requirements.
NYDFS is seeking to significantly strengthen expectations related to cybersecurity, operational resilience, risk management, business continuity planning, and capital reserves.
Stablecoin issuers would be required to maintain additional financial safeguards and contingency measures to ensure uninterrupted operations during technical failures, market disruptions, or security incidents.
The result is a model that increasingly resembles traditional banking supervision.
Crypto firms could find themselves subject to oversight standards similar to those applied to regulated financial institutions.
The GENIUS Act Enters a New Phase
The NYDFS proposal represents one of the clearest examples yet of how the GENIUS Act may be implemented in practice.
With federal legislation now in place, regulators are entering the implementation phase, during which detailed operating rules for stablecoin issuers will be developed.
New York is positioning itself as one of the key architects of this next chapter in U.S. stablecoin regulation.
The proposal also includes a one-year transition period, giving existing issuers time to adapt to the new requirements.
A Battle for the Future of U.S. Stablecoins Has Begun
Stablecoins have become one of the fastest-growing segments of the digital asset market, and their importance to the broader financial system continues to expand.
As a result, regulators are working to establish clear rules that promote market stability and investor protection without completely stifling innovation.
New York’s latest initiative demonstrates that the battle over the future structure of the stablecoin market is only beginning. If the framework is adopted, New York could emerge as the most important supervisory hub for stablecoins in the United States.
#Stablecoins #GENIUSAct #CryptoRegulation #USDC #USDT
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Humanity Protocol is still struggling to recover from one of the most significant security incidents in recent weeks. Although the H token has staged a sharp rebound following a dramatic sell-off, investors remain cautious, and the market continues to question whether the recovery marks the beginning of a sustainable comeback or merely a short-lived reaction after a devastating collapse.
According to market data from June 10, H was trading near $0.163, representing a gain of nearly 24% over the previous 24 hours. Despite this rebound, the token remains down an alarming 74% over the past week.
Since reaching its all-time high of $0.8439 on June 2, the token has lost more than 80% of its value, highlighting the scale of the damage caused by the recent exploit.
How the Attack Crippled Humanity Protocol
The project’s investigation revealed that attackers gained access to critical infrastructure through a compromised employee laptop.
According to Humanity Protocol, three of the six Gnosis Safe keys responsible for managing the Ethereum bridge were exposed. The attacker subsequently took control of the bridge administration, deployed a malicious smart contract, and drained approximately 141.2 million H tokens in a single transaction.
The situation worsened on BNB Smart Chain, where another three of five security keys were reportedly compromised. After taking over the bridge administration, the attackers enabled an unlimited minting function and created more than 200 million additional H tokens across two separate transactions.
The total damage has been estimated at approximately $36 million.
Humanity Launches a Global Hunt for the Hacker
Following the attack, Humanity Protocol immediately suspended deposits and withdrawals through the affected bridges and launched a public tracking system for the stolen funds.
The monitoring platform allows users to follow attacker-linked wallet addresses, fund movements, and ongoing recovery efforts in real time.
At the same time, the team announced a 1 million USDT bounty for information leading to the recovery of the stolen assets.
The project also stated that any recovered funds would be used to buy back H tokens from the market, potentially helping stabilize the token’s price. However, no official timeline for a buyback program has been released.
Technical Indicators Remain Bearish
Despite the impressive rebound, the technical outlook remains fragile.
The price continues to trade below the important $0.17 level, which previously acted as support and now serves as the first major resistance zone. A sustained move above this area could open the door toward the $0.21–$0.22 range.
The Relative Strength Index (RSI) currently sits at 41.81, below the neutral threshold. This suggests that buyers have not yet regained full control of the market. A move above 50 would provide stronger evidence of improving sentiment.
Meanwhile, the MACD indicator has yet to confirm a meaningful trend reversal. The histogram remains in negative territory, indicating that bearish pressure persists, although its intensity has started to ease.
If H fails to reclaim $0.17, traders may focus on additional support levels around $0.13 and the psychological $0.10 mark. The panic-driven low from June 9 was recorded near $0.0578.
Derivatives Markets Show Limited Confidence
Data from CoinGlass suggests that traders have significantly reduced risk exposure following the exploit.
Futures trading volume declined by more than 29% over the past 24 hours to approximately $1.21 billion, while open interest fell by over 9% to around $78 million.
Such behavior typically indicates that traders are closing leveraged positions rather than building aggressive bullish or bearish bets.
While declining open interest reduces the likelihood of additional liquidation cascades, it also signals limited confidence in a sustained recovery.
Token Unlocks Add Another Layer of Risk
Investors are also closely monitoring another potential source of selling pressure.
Humanity Protocol currently has approximately 1.825 billion H tokens in circulation, compared with a maximum supply of 10 billion. As a result, the project’s fully diluted valuation remains significantly higher than its current market capitalization.
Another key event is scheduled for June 25, when additional tokens are expected to be unlocked. Particular attention is focused on early investor Trix Ventures, which reportedly opted for an immediate discounted unlock instead of a longer vesting schedule.
What Must Happen for a Real Recovery?
For confidence to return, H will need to clear several critical hurdles.
The token must successfully reclaim and hold above the $0.17 level, break through resistance around $0.22, and simultaneously reduce selling pressure on exchanges. Only then could a more sustainable recovery begin to take shape.
If buyers fail to defend these levels, the market may once again turn its attention to support zones near $0.13, $0.10, and, in a worst-case scenario, the panic lows reached during the June 9 sell-off.
#HumanityProtocol #CryptoHack #defi #blockchain #CryptoNews
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Two major crypto industry players—Hyperliquid Policy Center and investment firm Paradigm—have raised concerns about proposed U.S. stablecoin regulations, warning that certain requirements could unintentionally harm the decentralized finance (DeFi) ecosystem and limit the functionality of open blockchain networks.
In a letter sent to the U.S. Treasury Department, both organizations urged regulators to reconsider parts of the framework being developed under the GENIUS Act. They argue that stablecoin issuers should not be held responsible for transactions they cannot realistically monitor or control.
Regulators Seek Greater Oversight of Stablecoins
U.S. agencies FinCEN and OFAC have introduced proposals designed to strengthen anti-money laundering (AML) controls and sanctions compliance across the stablecoin sector.
Under the proposal, licensed stablecoin issuers would be required to maintain comprehensive AML programs and sanctions-monitoring systems. They would also need mechanisms capable of blocking, freezing, or rejecting transactions that violate U.S. laws.
This is where Hyperliquid and Paradigm see a major problem.
According to the groups, it makes sense for issuers to oversee transactions that occur directly between themselves and their customers. However, once stablecoins begin circulating through decentralized exchanges, self-custody wallets, and smart contracts, the issuer’s ability to monitor activity becomes significantly more limited.
DeFi Could Become the Biggest Casualty
The organizations argue that the proposed rules could create a situation where stablecoin issuers are held accountable for user activity despite having no direct relationship with those users.
In decentralized finance, issuers often have no knowledge of who is using their tokens and no practical way to control transactions executed through autonomous smart contracts.
“Issuers could face liability for transactions they cannot meaningfully control,” the letter states.
If such requirements are adopted, regulated companies may decide to restrict their stablecoins to permissioned environments where all participants undergo identity verification and compliance checks.
Critics warn that this outcome could significantly reduce the role of regulated dollar-backed stablecoins within the DeFi ecosystem.
Capital Could Move Outside the U.S.
Hyperliquid and Paradigm also caution that overly restrictive regulations could produce the opposite effect of what policymakers intend.
If compliance requirements become too burdensome, users and projects may migrate toward offshore or less-regulated alternatives. As a result, regulated stablecoins could gradually lose relevance within the broader open blockchain economy.
Ironically, this could weaken regulators’ visibility into a portion of the market they are attempting to oversee.
Debate Arrives at a Critical Moment
The stablecoin discussion comes as lawmakers continue negotiations over the CLARITY Act, a broader legislative effort aimed at establishing a comprehensive framework for cryptocurrency regulation in the United States.
One of the most heavily debated issues involves protections for open-source software developers and decentralized application builders. The crypto industry has consistently argued that developers should not be held liable for how users choose to interact with their software.
As a result, the debate now includes not only major crypto companies but also legal experts, investors, policymakers, and former regulators.
The Future of Stablecoins May Be Decided Now
The outcome of these discussions could shape the U.S. digital asset industry for years to come.
On one side are regulators seeking stronger safeguards against money laundering, sanctions evasion, and illicit finance. On the other is the crypto industry, which warns that overly broad rules could stifle innovation and push activity away from regulated markets.
The final version of these regulations may ultimately determine not only the future of stablecoins, but also the next phase of decentralized finance development in the United States.
#Stablecoins , #defi , #crypto , #GENIUSAct , #Hyperliquid
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