Bitcoin could be preparing an attack on liquidity at the $72,000 BTC price resistance line as the European Central Bank enacts its first interest rate cut in four years.
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Developer Brian Guan claimed that the funds were drained in just two minutes, sparking mixed reactions within the crypto community.
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Bitcoin’s trajectory could see a significant upswing, potentially hitting $100,000 before the U.S. presidential election in November. Standard Chartered’s Geoffrey Kendrick forecasts this increase, suggesting a climb to $150,000 by year-end if Trump wins. This prediction follows recent policy actions by the Biden administration, including both approvals and vetoes related to digital asset regulations.
The impending Non-Farm Payrolls data is another critical factor. A positive outcome could propel Bitcoin to a new all-time high this weekend, setting the stage for a possible $80,000 by the end of June. Kendrick remains committed to his $150,000 target for the year’s end and sees Bitcoin reaching a $200,000 milestone by the end of 2025.
Reaching these heights would elevate Bitcoin into the elite $3 trillion market cap club, a status recently achieved by NVDA. Kendrick’s analysis suggests a robust potential for Bitcoin’s growth in the near future, influenced by both political and economic indicators.
The security integration uses Blockaid’s threats database to screen for increasingly sophisticated phishing scams and exploits impacting Web3 users.
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ETFs as a Trojan horse
“Why shouldn’t there be a BONK ETF?” asked Jim Cramer of Gary Gensler on CNBC yesterday.
And it wasn’t even just BONK. The Mad Money host also made the case for ETFs backed by sushiswap, polkadot, cardano (he called it “cordano”), immutable, ronin and osmosis and myneighbouralice.
“[They have] all traded millions—I’m talking millions of dollars this very morning … I would think that BONK is a natural, and osmosis… shouldn’t we have some sort of product?”
Gensler sidestepped by redirecting the question to the matter of disclosure. Today is the SEC’s 90th birthday, he said, and reminded the audience (talking into the camera) that…
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The announcement comes despite Nocturne raising $6 million in a funding round last October.
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Robinhood Markets, Inc. has announced a strategic acquisition of Bitstamp Ltd., a well-established global cryptocurrency exchange. This move, set to finalize in the first half of 2025 pending regulatory approvals, signifies a major leap in Robinhood’s expansion, particularly outside the U.S. Bitstamp, renowned for its robust global presence and deep market penetration, brings a wealth of experience and over 50 active licenses worldwide.
The acquisition marks Robinhood’s inaugural venture into institutional crypto services, leveraging Bitstamp’s trusted platform, which has excelled in serving institutional clients with high-quality trade execution and advanced API connectivity. Adding Bitstamp’s offerings, including institutional lending and staking, Robinhood aims to enhance its service capabilities and global user base across the EU, UK, US, and Asia.
This partnership is expected to reshape the crypto trading landscape, combining Bitstamp’s extensive asset portfolio and strong institutional relationships with Robinhood’s innovative trading technology and customer-centric approach. As Robinhood integrates Bitstamp’s experienced team and broadens its institutional reach, the crypto community anticipates a new era of trading efficiency and security.
Robinhood’s $200 million acquisition deal comes despite receiving a Wells notice from the SEC a month earlier.
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$1M – $10M MarketCap:
- PunkAI (PUNKAI): 118%
- Law of Attraction (LOA): 39%
- Engines of Fury (FURY): 39%
- BeFi Labs (BEFI): 33%
- Blink Galaxy (GQ): 31%
$10M – $100M MarketCap:
- Ben the Dog (BENDOG): 76%
- MetaElfLand (MELD): 53%
- Bonfida (FIDA): 46%
- BurgerCities (BURGER): 34%
- TEMCO (TEMCO): 34%
$100M – $1B MarketCap:
- Aurora (AURORA): 20%
- GMX (GMX): 20%
- Liquity (LQTY): 15%
- Moonriver (MOVR): 14%
- ConstitutionDAO (PEOPLE): 13%
Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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