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BlackRock’s Bitcoin ETF Now Its Top Fee Earner at $186M

by Ouess
written by Ouess

In a landmark achievement, BlackRock’s IBIT Bitcoin ETF has become the firm’s top fee-generating ETF, bringing in $186 million annually—$3 million more than its S&P 500-tracking IVV fund.

IBIT’s Record-Breaking Run

  • Greatest ETF launch in history (per industry experts)
  • Consistent leader in Bitcoin ETF inflows
  • Outperformed during May’s market slump
  • Proves institutional demand remains strong

The Volatility Paradox

While IBIT dominates in fees, its volatility now matches IVV—a stark change from being 5.7x more volatile a year ago. This reflects:
✅ Bitcoin’s maturation as an asset
⚠️ Potential dampening of explosive growth
⚠️ Concerns about ETF inflows distorting BTC’s natural cycles

Can IBIT Replicate Its Early Success?

Bitcoin ETF monthly inflows Source SoSoValue

  • Unprecedented stability: BTC hasn’t dropped below ETF approval price
  • Survived multiple stressors: Halving, recession fears, political pressure
  • Future challenges: Declining volatility may limit upside surprises
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Trump Media Files for Bitcoin & Ethereum ETF with SEC

by Ouess
written by Ouess

In a bold move blending politics and crypto, Trump Media & Technology Group has filed with the SEC to launch a Bitcoin-Ethereum ETF—potentially offering investors 75% BTC and 25% ETH exposure through traditional markets.

Key Details of the Proposed ETF

  • NYSE filed SEC Form 19b-4 to list the ETF (first regulatory step)
  • Crypto.com’s Forix DAX Trust would serve as custodian
  • Part of broader Trump Media crypto strategy including:
    • Truth Social Bitcoin ETF
    • America First Bitcoin Fund
    • Stablecoin Income Fund

NYSE 19b-4 filing 

Why This Filing Matters

✅ Mainstream crypto access – Traditional investors could gain exposure
✅ NYSE backing adds legitimacy to the proposal
✅ SEC’s shifting stance – More crypto-friendly under Trump ally Paul Atkins

What’s Next?

  • SEC review period begins (typically takes months)
  • Public comments will influence decision
  • Potential approval could open floodgates for political-linked crypto products
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Powell’s Testimony: Will Fed Cut Rates Amid Political Pressure?

by Ouess
written by Ouess

All eyes are on Jerome Powell as he heads to Capitol Hill this week, with crypto markets anxiously awaiting signals about potential Fed rate cuts amid political pressure and global tensions.

Why This Testimony Matters for Crypto

  • Comes after Bitcoin crashed to $98.5K (multi-month low)
  • Trump threatens to fire Powell over unchanged rates
  • Fed governors split on timing of cuts (July vs September)
  • Markets pricing in 82% chance of September cut

Source : Truth Social

Key Issues Powell Must Address

1️⃣ Rate Cut Timeline

  • Will the Fed move in July or wait until September?
  • Markets expect at least one cut in 2025

https://twitter.com/thisisksa/status/1937427078057722073?ref_src=twsrc%5Etfw

2️⃣ Geopolitical Impact

  • How Middle East tensions (Israel-Iran) could spike oil prices and inflation
  • Risk of Hormuz Strait closure disrupting global trade

3️⃣ Trump’s Trade Tariffs

  • Fed concerned about tariffs’ economic uncertainty
  • Powell may defend “wait-and-see” approach

Source : Trading Economics

Potential Market Scenarios

✅ Dovish Powell (hinting at cuts) → Crypto rally likely
⚠️ Hawkish Powell (delaying cuts) → Dollar strength could pressure BTC
🔥 Middle East escalation → Safe-haven flows to Bitcoin?

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Pump.fun Legal Battle Escalates as Firm Hires Top Lawyers

by Ouess
written by Ouess

The legal storm surrounding memecoin launchpad Pump.fun is intensifying. The platform’s parent company, Baton Corporation, has brought in heavyweight legal firepower—including a former SEC investigator—to defend against a growing class action lawsuit.

Pump.fun’s High-Profile Legal Defense

  • Hired Brown Rudnick attorneys, including Daniel L. Sachs (ex-SEC)
  • Battling Burwick Law, a NY firm leading the class action
  • Lawsuit now includes 500+ investors alleging misconduct

What Pump.fun Is Accused Of

Burwick Law claims the platform:
🔹 Violates U.S. securities laws
🔹 Artificially inflates token prices for insider profits
🔹 Targeted Burwick’s CEO with fraudulent token listings

The case expanded to include co-founders and Baton Corp. after initial filings in January.

Why the Lawsuit Just Got Hotter

  • Pump.fun’s X account was suspended, fueling speculation
  • Burwick claims the platform tried to intimidate plaintiffs
  • Similar lawsuits filed against BULLX, DexScreener, GMGN

What’s Next?

With crypto regulations tightening, this case could set a precedent for how memecoin platforms operate under U.S. law.

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Israeli Hackers Claim $81M Iranian Crypto Exchange Attack

by Ouess
written by Ouess

Iran’s largest cryptocurrency exchange, Nobitex, has been hacked for over $81 million in digital assets. The attack comes amid escalating tensions between Israel and Iran, with hacker group Gonjeshke Darande (Predatory Sparrow) taking credit.

How the Hack Unfolded

  • Attack method: Exploited “vanity address” vulnerability
  • Stolen funds:
    • $49M through primary attacker address
    • Remaining $32M+ across Tron & EVM chains
  • Exchange response:
    • Suspended access immediately
    • Claims user assets in cold storage remain safe

Hackers’ Motive: Sanctions Evasion Claims

The attackers allege Nobitex helped Iran bypass international sanctions, stating:

“Nobitex is a key regime tool for financing terrorism and violating sanctions… Take action before it’s too late.”

They threatened to release internal data within 24 hours, warning users to withdraw funds.

Geopolitical Context

  • Comes amid Israel-Iran tensions
  • Follows Trump’s denial of mediating peace talks
  • Raises questions about crypto’s role in geopolitical conflicts
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Crypto Market Dips $363M as Trump Denies Iran Peace Talks

by Ouess
written by Ouess

The crypto market took an immediate hit after former President Donald Trump dismissed reports of mediating Iran-Israel peace talks as “HIGHLY FABRICATED” and “FAKE NEWS.” Within hours, $363 million in crypto positions were liquidated as geopolitical uncertainty spooked traders.

Market Bloodbath: $363M Liquidated

BTC Price Source : TradingView

  • Long liquidations: $263M (bulls caught off guard)
  • Bitcoin: Down 1.17% to $106,000
  • Altcoins hit harder:
    • Ethereum: -2.5% (testing $2,500 support)
    • Solana, Dogecoin, Cardano: -3%+
    • Hyperliquid: -8% from ATH

Crypto Heatmap Source : QuantifyCrypto

Trading volumes surged 25%+ as panic selling set in.

Trump’s Statement Sparks Fear

In a Truth Social post, Trump vehemently denied involvement in peace talks:

“I have not reached out to Iran for ‘Peace Talks’ in any way, shape, or form. This is just more HIGHLY FABRICATED, FAKE NEWS!”

Key implications:

Polymarket data

  • Escalation fears: Reports suggest US may join Israel if conflict worsens
  • Market uncertainty: Traders now watching Fed rate decision (FOMC meeting)
  • S&P 500 at ATHs – Will traditional markets drag crypto lower?

What’s Next for Crypto?

  • Short-term: Volatility likely until geopolitical clarity emerges
  • Key triggers:
    • Fed rate decision (hawkish tone = risk-off)
    • US market reaction (S&P 500 correlation)
    • Iran-Israel developments (direct US involvement = sell-off risk)

If tensions escalate further, Bitcoin’s $106K support could break, triggering deeper corrections.

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Japan’s Metaplanet Hits 10,000 Bitcoin Goal 18 Months Early

by Ouess
written by Ouess

Japan’s answer to MicroStrategy has just hit a major milestone. Metaplanet has acquired 10,000 BTC—achieving its 2025 target 18 months early. The firm now ranks as the 9th-largest public Bitcoin holder, surpassing Coinbase’s 9,267 BTC.

Breaking Down the Latest Bitcoin Purchase

In its most recent move:
✅ Bought 1,112 BTC for $117.2 million (~$105,435/BTC)
✅ Total holdings: 10,000 BTC ($947M at ~$94,697/BTC average)
✅ Year-to-date yield: 266.1% (as of June 16, 2025)

This follows a 1,088 BTC purchase just two weeks ago, showing Metaplanet’s aggressive accumulation strategy.

How Metaplanet Funds Its Bitcoin Spree

To fuel its BTC buying, the company:
🔹 Issued $210M in 0% interest bonds (maturing Dec. 2025)
🔹 Plans to raise $5.4B via 555M new shares
🔹 Aims for Asia’s largest Bitcoin-focused equity raise

Ambitious New Targets: 1% of All Bitcoin

Metaplanet has dramatically increased its goals:
📈 2025 Target: 30,000 BTC (up from 10,000)
📈 2026 Target: 100,000 BTC (previously 21,000)
📈 2027 Target: 210,000 BTC (1% of total supply)

Risks of Aggressive Bitcoin Accumulation

While bullish, experts warn:
⚠️ Leverage risks (Sygnum flags potential insolvency)
⚠️ Market centralization concerns
⚠️ BTC price volatility could impact strategy

Yet, Metaplanet’s moves reflect growing institutional Bitcoin adoption, with more firms treating BTC as a reserve asset.

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Saylor Hints at New Bitcoin Buy With Cryptic ‘Bigger Dots’ Tweet

by Ouess
written by Ouess

Bitcoin’s most vocal corporate advocate is at it again. Michael Saylor, MicroStrategy’s Executive Chairman, sent crypto Twitter into speculation mode with a mysterious post:

“Bigger Dots are ₿etter.”

The tweet—featuring Bitcoin’s ₿ symbol—has analysts wondering if the company plans to add to its $14 billion BTC treasury.

Why This Matters

  • Saylor has history of teasing buys before announcements
  • MicroStrategy holds 226,331 BTC (worth ~$14B)
  • Company pioneered corporate Bitcoin strategy since 2020

Decoding the ‘Bigger Dots’ Clue

Possible interpretations:
🔹 Literal: Buying more BTC (bigger positions)
🔹 Symbolic: Doubling down on Bitcoin adoption
🔹 Technical: Larger UTXO consolidation (advanced Bitcoin accounting)

Market Impact Potential

A new MicroStrategy purchase could:
✅ Boost Bitcoin’s price momentum
✅ Validate corporate BTC adoption thesis
✅ Pressure other companies to follow suit

With Bitcoin hovering near $60K, any major buy could shift market sentiment.

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Crypto Crash Wipes Out $1.15B as BTC, ETH Plunge: What’s Next?

by Ouess
written by Ouess

A brutal market sell-off has liquidated $1.15 billion from 247,000 traders in just 24 hours. Bitcoin plunged to $103K, while Ethereum dropped 10% to $2.4K, triggering a wave of forced closures in leveraged positions.

What Triggered the Crash?

  • Geopolitical Tensions: Israel’s airstrike on Iran escalated Middle East conflicts, spooking investors.
  • Macroeconomic Pressure: Disappointing U.S. CPI/PPI data reduced hopes for a Fed rate cut, adding to the sell-off.
  • Liquidation Domino Effect: Panic selling worsened losses, with $422M in Bitcoin long positions wiped out.

Biggest Single Liquidation:

  • Binance BTC-USDT pair: $203.1M lost in one trade.
  • Bybit & OKX also saw massive liquidations.

Crypto Heatmap Source : QuantifyCrypto

Traders Flee to Gold as Crypto Bleeds

The Crypto Fear & Greed Index dropped to 54 (Neutral), signaling fading confidence. Meanwhile:

  • Gold surged 1.2% to $3,445.40.
  • Oil spiked 10% (Brent at $76.48).
  • Silver rose 0.30% to $36.40.

This shift challenges Bitcoin’s “digital gold” narrative, as traditional safe havens outperform.

Will Bitcoin Recover?

  • Short-term: Volatility may persist amid geopolitical risks.
  • Long-term: If tensions ease, BTC could rebound—but gold’s rally suggests caution.

For now, traders are hedging with precious metals, leaving crypto in a precarious position.

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Bitcoin Eyes $105K Amid Trump’s Fed Shakeup Talk

by Ouess
written by Ouess

The markets are buzzing as Donald Trump hints at replacing Fed Chair Jerome Powell, shaking investor confidence in the U.S. central bank. While Powell’s term doesn’t end until May 2026, Trump’s recent comments are already sending ripples through both traditional and crypto markets. Bitcoin is eyeing a return to the $105,000 mark, fueled by speculation over looser monetary policy and increased Treasury risk.

Trump’s Fed Chair Plans Stir Market Volatility

On June 6, Trump stated that he would soon announce his pick for the next Fed Chair. Though Powell’s current term still has years left, the possibility of a “Chair-in-waiting” is enough to shake market stability.

This isn’t the first time Trump’s stance on Powell has triggered a reaction. Back in April, when Trump softened his tone, Bitcoin briefly corrected. But now, with talk of replacement back in play, crypto assets are showing renewed volatility.

Can Trump Legally Remove Powell?

Technically, Trump can’t fire Powell outright—the Federal Reserve Act only allows removal “for cause.” That usually means misconduct, not policy disagreements.

However, Trump could nominate a successor early, paving the way for a hand-picked candidate to influence the central bank from the sidelines. According to Key Square Capital’s Scott Bessent, that nominee could wield significant market influence—even before officially taking over.

Why It Matters for Bitcoin and Altcoins

Trump’s pressure on the Fed adds a new layer of Treasury risk, something Bitcoin is increasingly used to hedge against, according to Geoff Kendrick of Standard Chartered.

“Bitcoin is no longer just a hedge against inflation—it’s a hedge against TradFi and policy chaos,” Kendrick explained.

Trump’s economic posts on Truth Social further drive this narrative. He blames Powell for high borrowing costs and insists that the U.S. could benefit from sharp interest rate cuts. Such rhetoric only fuels the narrative that Bitcoin is a safer, decentralized alternative.

What a Trump-Aligned Fed Could Trigger

Should Trump succeed in replacing Powell, the impact could be massive. Experts believe a Trump-aligned Fed Chair would likely slash rates, spurring liquidity and potentially launching the next crypto bull run.

This policy shift could finally unlock momentum for altcoins, which have lagged behind Bitcoin in 2025.

A Risky Opportunity?

While the crypto market could benefit from easier monetary conditions, not everyone is optimistic. The popular finance account “World of Finance” called the move a potential black swan event, warning it could bring global financial shocks.

Regardless of how it unfolds, Trump’s Fed ambitions have reawakened crypto volatility. And with Bitcoin approaching $105,000 again, it’s clear investors are watching every political development closely.

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