Crypto

Data shows that Bitcoin's price gained at least 16% within a week of sharp oil price rallies. Key takeaway: Historical data suggests Bitcoin rallies up to 24% within days of an oil price surge. Bitcoin (BTC) is generally not regarded as a reliable investment during periods of geopolitical uncertainty, particularly when oil prices spike in response to escalating global tensions. However, historical data suggests that such moments often present compelling buying opportunities for traders prepared to capitalize on market dislocations. Read more

The lawsuit against Ripple, filed by the United States Securities and Exchange Commission in December 2020, is finally wrapping up. Ripple and the United States Securities and Exchange Commission (SEC) filed a joint motion on Thursday to release the $125 million in funds held in an escrow account to pay for settlement costs ordered by the court. According to the letter submitted by both parties, $50 million will be transferred to the SEC for the civil penalty against Ripple, with the remaining $75 million transferred back to Ripple, pending court approval. The filing attorneys wrote: The SEC lawsuit against Ripple is a landmark case for crypto regulations in the United States, and formally ending the litigation will be a symbolic victory for an industry that has already largely won its battle for legal legitimacy in the US. Read more

Retailers Amazon and Walmart are considering issuing their own stablecoins, according to a Friday report in the Wall Street Journal.

Spot Ethereum exchange-traded funds (ETFs) listed in the US set a new record by attracting net inflows for 19 consecutive trading sessions between May 16 and June 12, adding almost $1.4 billion. According to Farside Investors’ data, the streak began with $35 million on May 16, passed $1 billion on May 29, and reached $1.38 […] The post Spot Ethereum ETFs register new inflow record with 19-day streak, capturing nearly $1.4 billion appeared first on CryptoSlate.

Proof of Talk 2025 has gathered thousands at the Louvre’s Musée des Arts Décoratifs, as speakers from Mastercard and a16z have assessed stablecoins’ payment utility, tokenized RWAs’ path to $30 trn and how crypto IPOs like Circle’s can mature the sector and attract institutional capital. The post Proof of Talk 2025: RWAs, Stablecoins and Crypto IPOs Demonstrate Sector Growth appeared first on Cryptonews.

Ethereum plunged below key support after geopolitical tensions erupted, which caused mass liquidations and pushed Bitcoin funding rates deeply negative on Binance.

Bitcoin’s flash crash could be followed by a 64% rally if historical data rings true again. Key takeaways: Bitcoin returns after major downside catalysts have exceeded 64.6% since 2010, suggesting that the recent escalation of tensions in the Middle East could be a BTC purchasing opportunity. Despite trading near all-time highs, Bitcoin’s Puell Multiple remains in the discount zone, indicating institutional accumulation and undervalued market conditions. Read more

Gotbit forfeited $23 million in cryptocurrency after a guilty plea in the fraud case, with founder Aleksei Andriunin sentenced to prison.

Roughly two years after the initial indictment, the Tornado Cash developer’s criminal trial is expected to begin on July 14. The Ethereum Foundation said it will be donating $500,000 to the legal defense of Tornado Cash co-founder and developer Roman Storm, who faces charges related to allegations he conspired to run the crypto mixing service as an unlicensed money transmitter. In a Friday X post, the foundation said it would contribute $500,000 to Storm’s defense, as well as match up to an additional $750,000 in donations from the crypto community. The announcement came roughly a month before Storm is expected to stand trial in New York for money laundering, conspiracy to operate an unlicensed money transmitter, and conspiracy to violate US sanctions. Read more

Invesco and Galaxy Digital have taken a concrete step toward bringing a Solana exchange-traded fund (ETF) to the US market. Public records show that the firms registered a trust named Invesco Galaxy Solana ETF with Delaware’s Division of Corporations on June 12. Over the past months, several firms have created Delaware statutory trusts before seeking […] The post Invesco and Galaxy chase Solana ETF dream with Delaware trust registration appeared first on CryptoSlate.

Speculators are eying the leading cryptocurrency as Institutional interest shifts toward Solana, with NASDAQ-listed DeFi Development Corp going all in on its treasury holdings. The post Solana Price Prediction: Public Company Eyes $5 Billion in SOL – Can SOL Overtake Bitcoin? appeared first on Cryptonews.

The Shiba Inu price (SHIB) has gone down by 7.1% in the past 24 hours as global markets react to Israel-Iran tensions.Trading volumes have surged by nearly 72% and currently account for more than 5% of the token’s circulating supply.Other tokens in this category like Pepe (PEPE) and SPX6900 (SPX) have experienced much more dramatic […] The post Shiba Inu Price Prediction as SHIB Burn Rate Skyrockets 112,839% in 24 Hours – $1 SHIB Possible? appeared first on Cryptonews.

The XRP price has fallen by 4% in the past 24 hours, but could the announcement of another strategic XRP reserve be the sign of big future rallies? The post XRP Price Prediction: Nasdaq Firm Eyes $500M XRP Reserve – Is Institutional Adoption Back? appeared first on Cryptonews.

Circle is up 13% on news that Amazon and Walmart are moving into stablecoins.

Infinite Machine’s new Olto is a sleek, connected, e-scooter designed for bike lane commuters.

Crypto IPO season is underway. Circle’s explosive debut has fueled filings from Gemini and Bullish, with Kraken, BitGo, and Consensys potentially next. Key takeaways: Circle’s IPO was a success, with CRCL soaring almost 290% and sparking renewed investor interest. New IPO filings from Gemini and Bullish signal growing momentum, and more crypto-native firms may prepare to enter public markets. Read more

Despite Sharplink’s bullish ETH announcement, its stock (SBET) saw sharp volatility, plunging over 66% in 24 hours to around $11.

Leading meme coins are not immune to the market’s sell-off, with Dogecoin, Fartcoin, Pepe, and other meme giants plunging.

Mark Zuckerberg bets $15 billion on an AI company as stablecoins win over Fortune 500 companies. Sixteen years after the launch of Bitcoin, stablecoins have emerged as one of the most compelling applications of blockchain technology. Banks are reportedly “panicking” over stablecoins encroaching on their territory, while Fortune 500 companies are beginning to grasp their transformative potential. Shifting from blockchain to AI, Meta Platforms is quietly assembling a “superintelligence” unit, led by Scale AI founder Alexandr Wang. This move follows reports that Mark Zuckerberg’s company acquired Scale in a nearly $15 billion all-cash deal. In this week’s Crypto Biz, we explore the evolving landscape of stablecoins and the latest high-stakes moves in the crypto and AI sectors. Read more

Check out the most recent update related to Shiba Inu's layer-2 scaling solution.