July 3, 2025

Tom Lee’s Bitmine Surges 3,000% Since ETH Treasury Strategy, but Sharplink’s Plunge Warrants Caution

Tags:AI bitcoin Crypto ETH mining rocket Strategy US

Bitmine Immersion (BMNR) is making waves in the world of cryptocurrency as the latest hot crypto proxy play. Under the leadership of Thomas Lee from Fundstrat, the company’s shares have more...

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July 2, 2025

Blockchain / Crypto / Exchange

Solana Staking ETF Opens for Trade, Becoming First Such U.S. Crypto Staking Product

Tags:AI bitcoin CEO Crypto ETH EU Income solana Trading US

REX Shares and Osprey Funds have announced Anchorage Digital as the exclusive custodian and staking partner for their recently launched REX-Osprey Solana + Staking ETF (SSK), the first crypto staking exchange-traded...

REX Shares and Osprey Funds have announced Anchorage Digital as the exclusive custodian and staking partner for their recently launched REX-Osprey Solana + Staking ETF (SSK), the first crypto staking exchange-traded fund (ETF) available in the U.S.

Investors can now gain exposure to Solana (SOL) through the SSK fund, which not only offers exposure to Solana but also allows investors to earn staking rewards. The ETF started trading on the Cboe exchange at $25.47 per share on Wednesday.

Unlike traditional spot bitcoin and ethereum ETFs, which operate under different regulatory frameworks, SSK is registered under the Investment Company Act of 1940. This means that a qualified custodian, in this case Anchorage Digital, must hold the underlying assets instead of the fund issuer.

Nathan McCauley, CEO and co-founder of Anchorage Digital, expressed excitement about the launch of crypto staking ETFs, calling it the next chapter in the crypto ETF story. He emphasized that this development brings more accessibility to the crypto ecosystem for consumers.

Through the SSK ETF, investors can indirectly invest in Solana while participating in the blockchain’s staking mechanism, which involves securing the network and earning additional yield. This process of staking rewards holders of certain cryptocurrencies for locking their tokens into the network, a task that previously required technical knowledge and direct engagement with crypto protocols.

REX Shares and Osprey have structured the ETF to enable a broader range of investors to engage in staking by incorporating it into a traditional brokerage account.

Currently, SOL is trading at $150, up 2% in the last 24 hours. The launch of SSK reflects the evolving crypto ETF market, expanding beyond bitcoin and ether to bring regulated blockchain-based products to the mainstream. Staking ETFs like SSK represent a new era for the industry, merging income-generating capabilities with exposure to digital assets within an SEC-regulated investment vehicle.

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July 1, 2025

Blockchain / Crypto / Finance

Securitize, RedStone Pilot ‘Trusted Single Source Oracle’ to Secure Tokenized Fund NAVs

Tags:AI Crypto ETH Finance US

Securitize and RedStone have collaborated on a new whitepaper introducing a model for securely verifying Net Asset Value (NAV) data on-chain, specifically tailored for tokenized private funds. The Trusted Single Source...

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June 30, 2025

Crypto / Finance

BitMine Immersion Stock Triples as It Raises $250M for Ether Treasury, Adds Thomas Lee to Board

Tags:AI bitcoin Crypto ETH EU Finance miner Trading US

BitMine Immersion Technologies (BMNR) announced securing $250 million through a private placement of common stock to establish an ether (ETH) treasury. The Las Vegas-based miner is set to become one of...

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June 30, 2025

Crypto

Bitcoin DEX Traders Position for Downside Volatility With $85K-$106K Puts, Derive Data Show

Tags:AI bitcoin btc Crypto ETH EU Trading US

Traders on Derive.xyz are gearing up for potential downside price movements in Bitcoin (BTC) over the next couple of weeks. Approximately 20% of the platform’s total BTC options open interest, totaling...

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June 26, 2025

Blockchain / Crypto / Cryptocurrency / Exchange

Coinbase Comes Full Circle, Soars to Highest Price Since 2021 Nasdaq Debut

Tags:AI Circle Coinbase Crypto ETH EU Robinhood Tariffs US USDC

Shares of cryptocurrency exchange Coinbase (COIN) surged to their highest level since its debut on the Nasdaq in April 2021 on Thursday, nearly recovering from a more than 90% drop during...

Shares of cryptocurrency exchange Coinbase (COIN) surged to their highest level since its debut on the Nasdaq in April 2021 on Thursday, nearly recovering from a more than 90% drop during the crypto winter of 2022.

COIN reached $382 on Thursday before slightly pulling back, ending the day 5.5% higher. The stock has more than doubled since it dropped during the market panic induced by tariffs in April.

Coinbase’s listing in 2021 was a significant moment for the digital asset industry, but it also marked a peak for crypto. The stock rose to $382 before falling over 90% during the prolonged bear market of 2022.

Investors are now seeing Coinbase as a long-term winner in the next phase of crypto growth, with increasing stablecoin adoption, institutional involvement, and clearer U.S. regulatory guidelines.

Recently, the company introduced Coinbase Payments, a new service aimed at expanding its presence in global commerce. The platform, built on Coinbase’s Ethereum layer-2 network Base, allows merchants to accept USDC stablecoin payments 24/7 without needing blockchain expertise. It has already been integrated with platforms like Shopify.

Coinbase also benefits from the rapidly growing stablecoin sector, with a revenue-sharing agreement with Circle (CRCL), the issuer of the USDC stablecoin, which gives Coinbase a portion of the yield generated by reserve assets.

The overall market environment is positive, with record highs for the S&P500 and Nasdaq indexes, and renewed investor interest in crypto-related businesses like Robinhood (HOOD).

Some analysts anticipate further growth for Coinbase, with Benchmark raising its price target to $421, citing the potential for Coinbase to benefit from upcoming U.S. legislation related to stablecoins and digital asset market structure. Meanwhile, Bernstein set a more ambitious target of $510, referring to Coinbase as crypto’s emerging “universal bank” that connects retail users, institutional investors, and global on-chain infrastructure.

(Source: theparrotpress.com)

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June 26, 2025

Tech

Bitcoin’s Podium-Ready ‘Bull Flag’ Hints at Price Boom to $140K

Tags:AI bitcoin Boom ETH Trading US

Bitcoin’s price chart is displaying a well-formed “bull flag,” hinting at a potential breakout to new all-time highs that align with the expectations of some traders predicting a price rally to...

Bitcoin’s price chart is displaying a well-formed “bull flag,” hinting at a potential breakout to new all-time highs that align with the expectations of some traders predicting a price rally to $140,000 and beyond.

Having surged to a record high of nearly $111,900 from around $74,700 in the six and a half weeks leading up to May 22, Bitcoin has since been trading in a slightly descending range, forming the bull flag as reported by charting platform TradingView. This flag is characterized by trendlines connecting the highs on May 22 and June 9, as well as the lows on June 5 and June 22. The initial surge represents the pole.

Confirmation of the bull breakout would require a move above $109,000, paving the way for a rally to $146,000. This target level is calculated by adding the length of the pole to the breakout point, following a method known as a measured move utilized by technical analysts.

A bull flag pattern signifies a low-volume consolidation within a narrow range against the trend, preceded by a sharp uptrend. This consolidation phase is usually of shorter duration and smaller magnitude compared to the preceding rally, helping to alleviate short-term overbought conditions and prepare for the next leg higher.

Flag formations usually occur over a short period, ranging from a few days to a few weeks, with declining volume throughout the consolidation phase, as mentioned by Charles D. Kirkpatrick in his book on Technical Analysis. It is crucial to exercise caution and wait for a confirmed breakout before taking any actions, as noted by Kirkpatrick.

Flags typically indicate continuation patterns, where the consolidation is expected to resolve in the direction of the preceding uptrend. However, failures can happen in two ways – prices falling out of the flag, signaling a bearish reversal, or a failed bullish breakout, requiring continuous monitoring of price actions.

Despite the possibility of failures, the failure rates for flag patterns are generally low, with minimal pullbacks or throwbacks, short time periods, and steep trends before and after their occurrences, making them favorable trading patterns according to Kirkpatrick.

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June 21, 2025

Review

ETH Under $2,500: Friday Sees Highest Outflows From Spot ETH ETFs This Month

Tags:AI Blackrock ETH Moving Average Trading US

Ether (ETH) saw a slight recovery over the weekend following a turbulent week characterized by significant institutional outflows. On Friday, June 20, U.S.-listed spot ETH ETFs experienced net outflows of $11.3...

Ether (ETH) saw a slight recovery over the weekend following a turbulent week characterized by significant institutional outflows. On Friday, June 20, U.S.-listed spot ETH ETFs experienced net outflows of $11.3 million, marking the largest single-day decline in June, according to data from Farside Investors.

The majority of the pullback was led by BlackRock’s ETHA ETF, which recorded an outflow of $19.7 million — its only negative flow for the month. In contrast, Grayscale’s ETHE product attracted $6.6 million, while VanEck’s ETHV ETF added $1.8 million, partially offsetting the overall losses. No other issuers reported inflows or outflows.

This data suggests that larger institutions may be cutting back on their exposure to ETH, despite some funds like Grayscale continuing to draw in capital.

Alongside these ETF flow figures, there was a technical rebound in the price of Ether. Although ETH briefly dropped to $2,372.85 on Friday during a heavy sell-off with significantly increased volume, buyers quickly stepped in around the $2,420–$2,430 range. This area has now become a strong support zone, validated by multiple low-volume tests indicating accumulation.

The 24-hour trading volume surged 18.97% above the 7-day moving average, reflecting heightened trading interest during the price recovery. ETH closed near $2,445 and formed an ascending trendline of higher lows, with key resistance levels remaining at $2,480–$2,500.

In terms of technical analysis highlights:

– ETH-USD had a 24-hour trading range of $186.44 (7.25%), with a low of $2,372.85 during a sharp sell-off.
– The drop occurred during the 17:00 hour and was accompanied by a substantial increase in trading volume.
– A key support zone between $2,420 and $2,430 has been established, with successful retests and lower sell-side volume.
– ETH reclaimed 38.2% of the Fibonacci retracement and formed an ascending trendline supported by higher lows.
– Volume accelerated during the 08:00–09:00 hour, signaling bullish momentum.
– The price closed near $2,445, with a late-session rally peaking at $2,447.02.
– Immediate support was found at $2,439.38, maintaining respect for the ascending short-term trendline.

Please note that parts of this article were generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, refer to our full AI Policy.

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June 20, 2025

Blockchain / Crypto / Finance

Crypto Daybook Americas: Bitcoin Buoyed by Trump, but Analysts Eye $92K Risk

Tags:ADA AI America Argentina bitcoin btc Canada Crypto Donald Trump ETH EU Europe Finance Iran Israel Trading Trump US

By Francisco Rodrigues (All times ET unless indicated otherwise) Risk assets, including cryptocurrencies, let out a collective sigh of relief following President Donald Trump’s announcement that he would not immediately involve...

By Francisco Rodrigues (All times ET unless indicated otherwise)

Risk assets, including cryptocurrencies, let out a collective sigh of relief following President Donald Trump’s announcement that he would not immediately involve the U.S. in the Israel-Iran conflict. He mentioned that he might wait for two more weeks before making a decision on U.S. involvement.

Bitcoin (BTC) is currently trading around $106,000, up 0.9% in the last 24 hours. The broader CoinDesk 20 index has also seen a gain of 0.77%. In traditional markets, oil prices experienced a 1.7% drop after a three-week rally, while European stock indexes showed growth. U.S. equity futures are slightly higher compared to the previous day.

Trump’s statement has reduced the likelihood of immediate U.S. military action, as per the prediction market Polymarket, dropping from about 70% to 40%. If the timeframe is extended to next month, the odds are now at 62%, down from 90% on June 17.

“While the immediate prospect of a U.S. intervention in Iran may have diminished, the fact this is reportedly a two-week hiatus means it will remain a live issue for the markets going into next week,” commented AJ Bell investment analyst Dan Coatsworth in an interview with Yahoo Finance.

Despite the relative stability of the crypto market, analysts see varying risks. Glassnode, a blockchain analytics company, noted that subdued on-chain activity could indicate a more mature market, one that is dominated by institutions making large, infrequent transactions.

On the other hand, a new report from CryptoQuant warns that Bitcoin could drop to $92,000 or lower if there is no rebound in demand. ETF flows have decreased by 60% since April, whale buying has slowed by half, and short-term holders have dumped 800,000 BTC since late May. Vigilance is advised!

What to Watch:

Crypto:
– June 20: Proof-of-stake blockchain BlackCoin (BLK) activates SegWit on mainnet, enhancing security and performance.
– June 25: ZIGChain (ZIG) mainnet will go live.
– June 30: CME Group will introduce spot-quoted futures, pending regulatory approval, allowing trading in bitcoin, ether, and major U.S. equity indices with contracts holdable for up to five years.

Macro:
– June 20, 8:30 a.m.: Statistics Canada releases May producer price inflation data.
– June 23, 8 a.m.: Mexico’s National Institute of Statistics and Geography releases April retail sales data.
– June 23, 9:45 a.m.: S&P Global releases (Flash) June U.S. data on manufacturing and services activity.
– June 23, 3 p.m.: Argentina’s National Institute of Statistics and Censuses releases Q1 GDP data.
– Earnings (Estimates based on FactSet data):
– June 23 (TBC): HIVE Digital Technologies (HIVE), post-market, $-0.12.

(Source: The Parrot Press)

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June 20, 2025

Crypto / Cryptocurrency / Regulation

Bitcoin Steady Above $104K as Traders Eye Historically Bullish Second Half

Tags:AI bitcoin btc Crypto ETH Trading US

The crypto market experienced a slight decline on Thursday as various factors such as global trade deadlines, volatility, and macro guidance influenced prices. Bitcoin (BTC) was trading around $104,700, dropping 1.2%...

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