Coin overview
MOVE
Ended--
Last price (USDT)
2.87M
24h total (USDT)
4.37M
Total vol (USDT)
2024-12-05 07:00:00 ~ 2024-12-09 11:30:00
Trading time (UTC+0)
2024-12-09 13:00:00 ~ 2024-12-09 17:00:00
Delivery time (UTC+0)
Total supply10.00B
Resources
Introduction
Movement Network is an ecosystem of Modular Move-Based Blockchains that enables developers to build secure, performant, and interoperable blockchain applications, bridging the gap between Move and EVM ecosystems.
Data: The crypto sector sees a slight pullback, with only BTC and CeFi remaining relatively resilient
ChainCatcher reports that according to SoSoValue data, following Trump's remarks that conflict may erupt again between Israel and Iran, various sectors of the crypto market experienced slight pullbacks. Only Bitcoin (BTC) and the CeFi sector remained relatively resilient, rising 1.19% and 0.22% respectively over 24 hours. Although BTC's gains narrowed, it still held above $107,000. Ethereum (ETH) fell by 0.22%, fluctuating around $2,400. Within the CeFi sector, driven by news that Guotai Junan International was approved to engage in virtual asset trading, its technology partner token HSK surged 54.70% in 24 hours. In other sectors, the PayFi sector declined by 0.03%, but Telcoin (TEL) and Bitcoin Cash (BCH) rose by 1.17% and 1.49% respectively. The Layer1 sector dropped 0.60%. The Layer2 sector fell 1.19%, with Movement (MOVE) defying the trend and rising 16.19%. The Meme sector dropped 1.24%, and the DeFi sector fell 1.84%, with Maple Finance (SYRUP) spiking 2.60% intraday. Indices reflecting the historical performance of these sectors show that the ssiCeFi, ssiMAG7, and ssiPayFi indices rose 0.25%, 0.12%, and 0.06% respectively over 24 hours.
US Stock Market Experiences Uplifting Open: What It Means for Investors
Good morning, financial enthusiasts! The trading day has kicked off with a palpable sense of optimism as the US stock market opened notably higher across all major indices. This positive start is always a welcome sight for investors, signaling a potential shift in sentiment or a reaction to underlying economic factors. What does this immediate surge mean for your portfolio, and how might it influence the broader financial landscape? What’s Driving the Positive Start for the US Stock Market Today? Today’s opening bell brought good news, with the primary indices all flashing green. This initial uptick often reflects a combination of factors, from positive overnight news and pre-market trading activity to shifting investor expectations. While specific catalysts are still unfolding, such a broad-based rise suggests a collective sigh of relief or renewed confidence among traders. It’s a snapshot of the market’s immediate reaction to the latest economic signals and corporate developments. Here’s a quick look at the opening numbers: Index Change S&P 500 +0.2% NASDAQ Composite +0.4% Dow Jones Industrial Average +0.1% A Closer Look at the S&P 500 Performance The S&P 500, often considered the broadest gauge of large-cap U.S. equities, kicking off with a 0.2% gain is particularly noteworthy. This index comprises 500 of the largest U.S. publicly traded companies, representing a significant portion of the overall market capitalization. Its upward movement suggests that a wide array of sectors, from technology to financials and healthcare, are experiencing positive momentum. For many investors, the S&P 500’s performance is a key indicator of the health of the U.S. economy, and today’s early rise hints at underlying strength or at least a temporary reprieve from recent pressures. This broad participation indicates that investor confidence might be improving across the board, moving beyond just a few standout sectors. Decoding the NASDAQ‘s Upward Movement Leading the charge with a 0.4% increase, the NASDAQ Composite’s performance often reflects the sentiment around technology and growth stocks. This index is heavily weighted towards innovative companies that have been both darlings and occasional culprits of market volatility. A strong showing here could mean that investors are once again favoring higher-growth potential, perhaps anticipating a more favorable interest rate environment or strong upcoming earnings reports from tech giants. The tech sector’s resilience or rebound is a critical factor for overall market health, given its significant contribution to economic growth and innovation. When the NASDAQ performs well, it often signals a bullish outlook for the future of technological advancements and digital transformation. The Significance of the Dow Jones Industrial Average’s Gain Even with a modest 0.1% increase, the Dow Jones Industrial Average’s positive opening is significant. Composed of 30 large, publicly owned companies traded on the New York Stock Exchange, the Dow is often seen as a barometer for the health of traditional industrial and blue-chip sectors. Its movement indicates how established, foundational companies are performing. A positive start for the Dow suggests that the bedrock of the American economy — manufacturing, consumer goods, and financial services — is holding steady or showing signs of recovery. This stability can provide a sense of reassurance to investors, balancing out the more volatile movements seen in growth-oriented indices like the NASDAQ. The Dow’s steady climb contributes to the overall positive narrative of the US stock market today. Understanding Broader Market Trends and Investor Sentiment Today’s higher open contributes to the ongoing narrative of market trends. While a single day’s opening is just one data point, a consistent pattern of positive opens can build investor confidence and potentially lead to sustained rallies. Several factors could be influencing these positive sentiments: Easing Inflation Concerns: Hopes that inflation is peaking or moderating could reduce expectations for aggressive interest rate hikes from the Federal Reserve, making equities more attractive. Strong Corporate Earnings: Better-than-expected earnings reports from key companies can buoy market sentiment, indicating robust business health despite economic headwinds. Economic Data: Positive employment figures, retail sales, or manufacturing data can paint a picture of a resilient economy, encouraging investment. Geopolitical Stability: Any de-escalation of global tensions can reduce market uncertainty and foster a risk-on environment. What are the Benefits of a Strong Market Open? A positive market open typically brings several benefits: Increased Investor Confidence: When markets start strong, it often instills a sense of optimism, encouraging more buying activity. Wealth Effect: For individuals with investments, rising stock prices can increase perceived wealth, potentially leading to higher consumer spending. Business Optimism: A strong market can signal a healthy economic environment, encouraging businesses to invest and expand. What Challenges Might Lie Ahead? Despite the positive start, it’s crucial to remain aware of potential challenges: Inflationary Pressures: Persistent high inflation could still prompt central banks to tighten monetary policy, impacting corporate profits and consumer spending. Interest Rate Hikes: Further rate hikes could increase borrowing costs for businesses and consumers, potentially slowing economic growth. Geopolitical Risks: Ongoing global conflicts or political instability can introduce unexpected volatility into the markets. Recession Fears: Despite positive openings, the specter of a potential economic slowdown or recession remains a concern for many analysts. Actionable Insights for Investors Given the current market trends, what should investors consider? Here are a few actionable insights: Stay Informed: Keep a close eye on economic data releases, corporate earnings, and central bank announcements. These will continue to shape market direction. Diversify Your Portfolio: While certain sectors might lead the charge, a diversified portfolio across different asset classes (stocks, bonds, commodities, and even digital assets like cryptocurrencies, for those inclined) can help mitigate risk. Long-Term Perspective: Short-term market movements are just that – short-term. For most investors, maintaining a long-term perspective and sticking to a well-defined investment strategy is key. Reassess Risk Tolerance: Understand your comfort level with market fluctuations. A higher open might feel good, but markets can quickly turn. The positive opening across the US stock market today, with the S&P 500, NASDAQ, and Dow Jones all showing gains, is a welcome development. It reflects a moment of optimism and perhaps a collective belief that the economic landscape is improving or stabilizing. While it’s just the start of the trading day, these early movements provide valuable insights into current market trends and investor sentiment. As always, the market remains dynamic, and careful observation of ongoing developments will be crucial for navigating the days ahead. This uplifting start sets a positive tone, but smart investing always involves looking beyond the immediate headlines. To learn more about the latest market trends, explore our article on key developments shaping global financial markets and their potential impact on investment strategies. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
SYRUP, MOVE, DEXE among top gainers as cryptocurrencies eye fresh gains
Cryptocurrencies are up as Maple Finance (SYRUP) price spikes 19% amid institutional DeFi adoption. The Movement (MOVE) token gained 17% as price hits $0.19 on rising volume. DeXe’s DEXE token jumped 10% in 24 hours to hit highs above $9 after a sharp rebound off $5.30. Maple Finance (SYRUP), Movement (MOVE), and DeXe (DEXE) have posted remarkable price moves in the past 24 hours, all up by double-digits as cryptocurrencies bid for further gains. The upside action for these altcoins come as Bitcoin holds above $106k , and stock futures suggest investors are pricing in a thawing in the Israel-Iran hostilities. At the time of writing, SYRUP traded around $0.62, up nearly 19% in 24 hours. Meanwhile, MOVE hovered near $0.18 and DEXE changed hands at highs of $9.10, up 17% and over 10% respectively. Analysts at QCP Group summed up the market sentiment in a post on X : “Israel resumed strikes shortly after a fragile ceasefire, but markets barely reacted. Traders seem to have priced in peace or stopped waiting. Risk appetite surged as the Nasdaq 100 hit record highs and the S&P 500 neared its 2020 peak. Oil also returned to pre-conflict levels.” Maple Finance (SYRUP) price Maple Finance’s SYRUP token has soared 19% in the last 24 hours, trading to highs of $0.62 with a market capitalization of $684 million. A 24-hour trading volume of $188 million, up 24% in this period, reflects strong market confidence. The price rally aligns with broader crypto gains,with top altcoins also rallying. However, Maple’s transition to a leading on-chain asset manager, and blending traditional finance expertise with decentralized finance (DeFi) innovation, is seeing industry take notice. Maple’s lending and structured products are appealing to institutional investors, which is likely to buoy the $SYRUP token further. Currently, Coinglass data shows open interest in SYRUP is up 56% to nearly $69 million, while derivatives volume has jumped to over $308 million. Movement (MOVE) surges to $0.19 Movement’s MOVE token has climbed 17% over the past day, reaching $0.19. A look at the charts also shows that MOVE is up more than 42% in the past week, with gains coming amid fresh interest in the token. Move Foundation’s buyback initiative is part of the upside catalysts, with 10 million and 8 million repurchased on June 20 and June 22 respectively. Movement Network Foundation has completed a buyback of 10M $MOVE as part of our buyback commitment. Here is the transaction: https://t.co/b8sZg7yLas — Movement Network Foundation (@movementfdn) June 20, 2025 DeXe (DEXE) price jumps to $9 DeXe’s DEXE token rose sharply after tapping support near $5.30 on Wednesday. With gains of over 10% in 24 hours, the token’s price jumped to a high of $9.10, rising amid a 560% spike in daily volume. Per CoinMarketCap, the daily volume for DEXE stood at $104 million at the time of writing. Gains for DeXe come as its governance model, which allows DEXE holders to influence protocol decisions, strengthens community trust.
XRP Price Could See Notable Movement in Q3 Amid Regulatory and Market Developments
The cryptocurrency market is abuzz with anticipation as XRP is forecasted to experience a significant price movement between July and September, signaling potential opportunities for investors. Technical analysis indicates that XRP is poised to break out of its current consolidation phase, driven by trading volume trends and key resistance levels that have historically influenced its price action. According to COINOTAG, “The ongoing Ripple-SEC lawsuit remains a pivotal factor, with its resolution expected to directly impact XRP’s valuation and adoption trajectory.” XRP is projected to break out in Q3 amid regulatory developments and market trends, offering critical insights for crypto investors seeking growth opportunities. XRP Price Breakout Forecast for Q3: Technical Analysis and Market Implications Recent analyses highlight a probable breakout for XRP during the third quarter of the year, marking a potential end to its prolonged sideways trading pattern. This forecast is grounded in a comprehensive review of trading volumes, resistance thresholds, and historical price cycles. XRP’s consolidation phase suggests accumulation by investors, which often precedes a significant price movement. Should market conditions remain favorable, this breakout could catalyze a bullish trend, attracting renewed investor interest and liquidity inflows. Regulatory Landscape and Its Impact on XRP’s Market Performance The trajectory of XRP’s price is intricately linked to the ongoing legal proceedings between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). This lawsuit has introduced considerable uncertainty, affecting investor sentiment and market dynamics. A favorable ruling for Ripple could pave the way for broader institutional adoption and integration of XRP into mainstream financial systems, thereby enhancing its market capitalization. Conversely, adverse outcomes may constrain XRP’s growth potential and dampen enthusiasm among stakeholders. Broader Crypto Market Trends Influencing XRP’s Outlook Beyond regulatory factors, XRP’s future is also shaped by developments within the wider cryptocurrency ecosystem. Innovations in decentralized finance (DeFi) and the expanding role of non-fungible tokens (NFTs) contribute to evolving investor confidence across digital assets. Additionally, progress in competing platforms like Ethereum and shifts in global crypto regulations can indirectly affect XRP’s market sentiment. Investors should monitor these variables closely, as they collectively influence liquidity, adoption rates, and price volatility. Expert Recommendations for Navigating XRP’s Upcoming Market Phase Given the inherent volatility of cryptocurrencies, experts advise a cautious yet proactive approach to XRP investment. Staying informed about regulatory updates and technical indicators is crucial for timely decision-making. Diversification and risk management remain essential strategies to mitigate potential losses during unpredictable market swings. Engaging with credible sources and leveraging analytical tools can empower investors to capitalize on XRP’s anticipated breakout while safeguarding their portfolios. Conclusion As XRP approaches a critical juncture in the third quarter, its potential breakout underscores the dynamic nature of the cryptocurrency market. While regulatory outcomes and market trends will heavily influence XRP’s price trajectory, investors are encouraged to maintain vigilance and adopt informed strategies. This period presents both challenges and opportunities, reflecting the evolving landscape of digital assets and their integration into global finance. In Case You Missed It: Strategy Acquires Additional Bitcoin Amid Potential Risk of BTC Falling Below $100K
Bitcoin Price Moves Amid Geopolitical Claims
Key Points: No official statements confirm Trump-Iran peace claims linked to Bitcoin. Lacks credible sources from government or crypto leaders. Bitcoin trading reflects technical resistance, not geopolitical response. Bitcoin Price Movement and Unverified Geopolitical Claims Bitcoin reportedly hit $104,000 as unverified claims emerged about a potential peace call from President Trump to Iran on June 24, 2025. This lacks confirmation from official sources. Recent unconfirmed reports suggested links between Bitcoin price movements and potential peace offerings from President Trump to Iran. The cryptocurrency market currently doesn’t reflect any verifiable geopolitical catalysts affecting the digital currency sphere. Bitcoin’s recent home near $105,138 suggests technical drivers over geopolitical influence. Primary sources lack confirmation linking geopolitical tensions with Bitcoin’s recent price action. Cryptocurrencies like Bitcoin often react sharply to geopolitical events. However, current market behavior mirrors technical patterns. Institutional flows and trading volumes remain unchanged despite the reports. Market sentiment remains cautious as no unusual activity in institutional investments is linked to these rumors. Trading patterns suggest technical resistance at the $104,000 level rather than geopolitical motivations. “A summary of market behavior indicates that the movement in Bitcoin’s price reflects technical resistance and macro sentiment rather than direct responses to geopolitical news or public announcements.” Historical trends indicate Bitcoin’s sensitivity to geopolitical events, yet current data shows a lack of impact. No significant financial or technological shifts are tied to the alleged Iran–Trump claim.
Monero Tests Crucial $269 Support as Rally Looms
Key Points: Points Cover In This Article: Toggle Technical Indicators and Market Sentiment Community and Decentralized Leadership Implications for the Crypto Market Historical Correlations and Price Action Monero approaches a crucial $269 support level with bullish implications. Bullish trend may drive a rally if support holds. Technical indicators align for possible significant price movement. Monero Price Movement: Technical Indicators and Market Sentiment Monero’s proximity to the $269 support is pivotal, indicating potential substantial price movement. The market watches closely as these levels often herald significant rallies, impacting broader market sentiment. Technical Indicators and Market Sentiment Monero is correcting within a bullish trend, approaching the $269 support zone. This level intersects with the 0.618 Fibonacci retracement and 200-day moving average, viewed as a critical value zone for a potential upward reversal. Monero Tests $269 Support, Bullish Rally Anticipated Community and Decentralized Leadership Monero, spearheaded by a decentralized community, faces no direct statements from leaders on the price action. However, updates on its privacy-focused protocol are frequently communicated. A quote from a recent report underscores this: Monero’s decentralized approach implies that official communications are consensus-driven and arise from community discussions, rather than being directed by individual leaders. Source These continuous advancements bolster Monero’s leading position in privacy technology. Implications for the Crypto Market Monero’s technical setup presents significant implications for the crypto market. Financial analysts highlight the importance of the support level aligning with multi-indicator confluence. This could propel a rally, though a failure to hold could lead to further corrections. Monero operates independently due to its privacy features, although market activity around major assets like BTC and ETH indirectly influences demand. Historical Correlations and Price Action Historical analysis reveals price accumulation and activity heighten when Monero nears key support, often leading to rallies. The community’s cautious optimism underscores a potential price surge, contingent on support maintaining with rising volume. The Monero community exhibits cautious optimism regarding the $269 support level , highlighting ongoing discussions among developers focused on enhancing privacy and usability.
MOVE breaks through $0.16, up 42.1% in 24 hours
According to Jinse Finance, market data shows that MOVE has surpassed $0.16 and is now quoted at $0.1661, with a 24-hour increase of 42.1%. The market is experiencing significant volatility, so please manage your risks accordingly.
Movement (MOVE) price outlook as it bounces back from recent correction
The price of Movement (MOVE) has rebounded 22.4% after bottoming at $0.1107. Buybacks and tightening supply are the primary factors behind the rebound. Niza Exchange listing has also boosted the token’s visibility and demand. Movement (MOVE) has emerged as one of the top crypto gainers today following a sharp correction. After bottoming out at a multi-week low, MOVE has staged an impressive rebound, reclaiming key levels and sparking renewed optimism among traders and investors. MOVE’s strong recovery has triggered fresh momentum Movement (MOVE) is currently trading at $0.1467, up 22.4% in the past 24 hours, marking a powerful recovery from its recent low of $0.1107. This rally comes after the token hit its all-time low on June 22, 2025, signalling a sharp bounce fueled by increased market participation and renewed confidence in the Movement ecosystem. Adding fuel to the fire, daily trading volume has surged to $206.5 million, an impressive 469% increase from the previous day, indicating strong buying interest and growing momentum. While volatility remains elevated, technical signals suggest that the token could be preparing for another leg up if support levels continue to hold. Technical indicators show a bullish structure forming On the 4-hour chart, MOVE has printed a strong green candle shortly after bouncing from $0.1107. It has reclaimed the critical $0.13 support zone and crossed above the 100-day MA level at $0.1419. The price was initially rejected at the 200-day MA resistance line of $0.1515, a common occurrence at such long-term moving averages, but it continues to hold above the 100-day MA, which traders see as a key line in the sand. More importantly, the short-term moving averages (7-day MA and 25-day MA) have just crossed bullishly, pointing to a reversal structure that could favour a continuation of upward movement. If Movement (MOVE) maintains its position above the 100-day MA, analysts expect another retest of the 200-day MA, and a successful break above that could open the door to $0.1780, the previous top from recent price action. Whale activity supports the bullish setup Beyond technicals, whale accumulation has also been observed during this period, with large wallets entering the market aggressively around the $0.13 zone and fueling the ongoing rally. This accumulation, combined with the staking lock-up, points to long-term conviction from key players in the market. MOVE token has also struck a new exchange listing Adding to the bullish sentiment is the recent announcement of MOVE’s listing on Niza Exchange, which will launch trading for the MOVE/USDT pair on June 24, 2025, at 8:00 AM UTC. Deposits are already open, and the listing is expected to improve liquidity while exposing the token to a wider trading audience. $MOVE will get listed on https://t.co/5QYVgqrmdD Exchange– Trading opens soon! @movementfdn 🚀 https://t.co/5QYVgqrmdD is excited to announce the launch of an exciting new project on our Spot trading platform. Movement ($MOVE) will soon be available for trading exclusively on… pic.twitter.com/t7AYO6dXMu — Niza.io Exchange (@nizacoin) June 23, 2025 This strategic listing comes at a time when retail and institutional interest in MOVE is building, and the exchange’s growing reputation for secure and seamless trading could serve as an ideal launchpad. Movement Network Foundation buybacks have tightened the supply In another move signalling confidence in the project, the Movement Network Foundation has completed two significant buybacks in the last week, withdrawing a total of 18 million MOVE tokens from the market. The first buyback of 10 million tokens occurred on June 20, followed by an 8 million token buyback on June 22, both confirmed via Ethereum blockchain transactions. Such buybacks reduce the circulating supply and are typically seen as a strong sign of institutional backing and long-term commitment to price stability. MOVE price prediction: What’s next for Movement (MOVE)? As the MOVE cryptocurrency consolidates above key technical levels, eyes are now on the $0.1514 resistance. If bulls manage to flip this into support, the token could quickly push toward $0.1780 and potentially extend further into the $1.80 region if momentum accelerates. However, failure to hold above the 100-day MA could result in a retest of the $0.125 to $0.130 zone, where earlier support remains active. With buybacks, whale accumulation increasing, and new listings adding exposure, the overall sentiment surrounding Movement (MOVE) remains bullish heading into the final week of June.
Whale Opens $101M ETH Long on HyperLiquid
Whale deposits $4.28M USDC into HyperLiquid. Opens a massive $101M ETH long with 25× leverage. Potential impact on ETH price and DeFi dynamics. In a bold and high-stakes move, an institutional whale deposited $4.28 million worth of USDC into the HyperLiquid platform—a decentralized exchange offering deep liquidity for perpetuals trading. This fresh injection of capital sets the stage for a massive leveraged position that’s now making waves in the crypto community. By topping up USDC balances on HyperLiquid, the whale gained the ability to leverage positions far beyond its initial deposit. 📈 Opening a $101M ETH Long With 25× Leverage Leveraging effectively, the whale converted that deposit into a $101 million long position in ETH , with 25 times leverage. In simpler terms, every $1 of deposited USDC controlled $25 worth of ETH, amplifying both potential profits and risks. Upside: A 4% rise in ETH price could translate to ~100% profit on the leveraged capital. Downside: Conversely, a 4% drop could liquidate the entire position. This is a high-wire act in crypto speculation—with massive implications for the whale and the broader market . 🌐 Why It Matters for ETH and DeFi Markets 1. Market Impact on ETH Prices A whale of this size entering such a large leveraged position can create upward pressure on ETH’s price—either through the initial buy or via funding rate dynamics. 2. DeFi Leverage Risk HyperLiquid’s 25× leverage showcases both the innovation and risk in modern DeFi platforms. Liquidations at this scale could trigger cascading moves and volatility across markets. 3. Signaling Whale Sentiment Such a significant bet suggests bullish sentiment at scale. While it doesn’t guarantee price increases, it signals confidence—or at least speculation—among big-money players. ⚡️ JUST IN: Whale deposits $4.28M $USDC into HyperLiquid and opens a $101M $ETH long with 25x leverage. pic.twitter.com/6qDCgQdD98 — Cointelegraph (@Cointelegraph) June 23, 2025 🔍 What to Watch Next ETH Price Movement: A sustained uptick could validate the whale’s position; a sharp drop risks liquidation-run sell-offs. Funding Rates: Monitor HyperLiquid’s ETH funding rates—spikes may indicate tight demand and potential market stress. DeFi Volatility: Platforms like HyperLiquid thrive on leverage, but rapid swings can expose systemic vulnerabilities. Read Also : Cardone Capital’s Bold Blend: Real Estate Meets BTC Record Inflows: Crypto Funds Break $15B YTD 🚀 2 Million Join X1 App as BlockDAG’s Growth Accelerates and Presale Surges to $318.5M in Record Time Whale Opens $101M ETH Long on HyperLiquid UK Boosts Quantum Computing with £500M Investment Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.
Ethereum Under Pressure: ETF Outflows, Liquidations, and Risk Below $2,3K
Ethereum records $170 million in liquidations ETH ETFs see net outflows of $11,3 million Movement of old portfolios increases selling pressure Ethereum is facing a notable increase in selling pressure following signs that long-term holders are starting to move their assets. According to data from Glassnode, ETH’s liveliness indicator has hit a record high of 0,69, suggesting that coins that have been dormant for years are being moved out — possibly for sale on exchanges. This movement comes at a time when the cryptocurrency market remains sideways and with low demand. The DeFiLlama platform ready that the amount of ETH on the network has fallen from 27,99 million on May 6 to approximately 25 million, reinforcing the weakening in on-chain activity. In addition, inflows to Ethereum remain timid, which increases the risk of further declines in the short term. With ETH below the $2.500 mark, technical analysts point to the next support ranges of $2.280 and $2.185. Ethereum exchange-traded funds (ETFs) are also showing signs of a pullback. On June 20, net outflows totaled $11,3 million. The largest withdrawal was recorded by ETHA, with a withdrawal of $19,7 million, while ETH and ETHV saw more modest inflows of $6,6 million and $1,8 million, respectively. The other products remained stable. In the derivatives market, the numbers reinforce the negative trend. Ethereum accumulated liquidations of US$ 170 million in just 24 hours, of which US$ 157 million were from long positions. Data from Santiment shows that ETH is flowing into centralized exchanges at an above-average pace, indicating selling pressure. Ethereum ETF Flow ($ million) – 2025-06-20 TOTAL NET FLOW: -11.3 ETHA: -19.7 FETH: 0 ETHW: 0 CETH: 0 ETHV: 1.8 QETH: 0 EZET: 0 ETHE: 0 ETH: 6.6 For all the data & disclaimers visit: https://t.co/FppgUwAthD — Farside Investors (@FarsideUK) June 21, 2025 Technical indicators remain in bearish territory. Short-term exponential moving averages (EMAs) and simple moving averages (SMAs) indicate resistance around $2.500. If the cryptocurrency manages to break out of the $2.800 to $2.850 range, there is potential to reach $3.000 — provided there is a significant increase in capital inflows, including institutional flows via ETFs. If this does not occur and macroeconomic factors remain unfavorable, the asset may decline further. Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss. Tags: Ethereum
Israel-Iran War: US deploys B-2 bombers in Pacific as Israel strikes Iranian nuclear plants
Military Movement: B-2 in the Pacific Israel attacks Iranian nuclear infrastructure Risk of spillovers into global crypto assets The US Army mobilized B-2 stealth bombers and KC-46 tankers are flying from Whiteman Air Force Base in Missouri toward the Pacific, possibly toward Guam. The move signals a strategic military buildup amid heightened tensions with Iran. No strike orders have been officially authorized so far, but the presence of these aircraft expands the United States’ tactical options. The B-2s are known for their ability to carry bunker-busting bombs, such as the GBU-57, which are considered essential if there is a need to target underground facilities such as the Fordow complex, where Iran maintains part of its uranium enrichment program. Meanwhile, Israel has stepped up its military operations. Israeli jets have twice bombed the Isfahan region, hitting production areas for centrifuges used in Iran’s nuclear program. According to the Israel Defense Forces (IDF), the strikes directly targeted critical facilities, while the Fars News agency reported that “there was no leak of hazardous materials.” In addition, Israel confirmed the death of three commanders of Iran's Islamic Revolutionary Guard Corps. Among them, Saeed Izadi, accused of coordinating the financing and arming of groups such as Hamas, and Behnam Shahriyari, identified as a logistical link with the Lebanese Hezbollah. In retaliation, Iran launched missiles and drones at Israeli targets, causing structural damage to civilian areas, although some of the projectiles were intercepted by Israeli air defenses. Yemen's Houthi militants have also vowed to attack U.S. vessels and warships in the Red Sea if Washington decides to support Tel Aviv militarily. On the diplomatic front, former President Donald Trump has opted to postpone a military decision for two weeks while he tries to create space for negotiations. Trump has said he would support a ceasefire, but has made any progress conditional on Iran's positioning. Meetings between European foreign ministers and Iranian officials have been held in Geneva, but progress has been limited. Iran has signaled a willingness to discuss curbs on its nuclear program, which has led to a drop in oil prices, although they remain high compared to the pre-war period. Since the outbreak of hostilities on June 13, Iranian authorities have reported more than 430 deaths and 3.500 injuries. In Israel, at least 24 people have lost their lives, with hundreds injured. What this means for the cryptocurrency market With the possibility of a direct military attack involving the United States and Iran, the cryptocurrency market could face a short-term downturn. In times of geopolitical escalation, Bitcoin and other cryptos tend to initially react with strong risk aversion. Bitcoin is currently trading at around $102 and could test psychological support in the $100 region if the conflict escalates. Investors should keep a close eye on developments, especially if there are confirmations of additional military moves or new sanctions that impact global markets. Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss. Tags: EUA Iran Israel
Whale Alert Uncovers Massive TRUMP Coin Movement Reshaping Discussions
Today, a significant transfer of TRUMP coin captured the attention of the cryptocurrency market. Whale Alert, a data analysis platform, reported that over 15.3 million TRUMP tokens, exceeding a total value of $143 million, were transferred between unidentified wallets. This high-profile transaction quickly sparked discussions and inquiries within the industry. The Transfer on Solana Network This major transaction took place on the Solana $140 blockchain, a popular choice in the cryptocurrency market known for its low transaction fees and quick transfer times. Solana is frequently utilized for high-volume transactions, like the one observed today. The anonymity of the sender and recipient wallet addresses has led to uncertainties about the transfer’s purpose and the profiles of the parties involved. Market participants often view movements of this magnitude as indicators of high volatility in crypto assets. Investors, in particular, express concerns that such transfers might lead to sudden price changes or fluctuations. This development has aroused various speculations and expectations on how TRUMP coin’s market prices could behave in the short term. Market Reactions and Concerns The large-scale movement of TRUMP coin increased the likelihood of a potential sell-off pressure within the crypto community. Investors and market analysts warn that if these vast transfers hit centralized exchanges, a sharp decline in the asset’s value could ensue within a short period. However, the possibility that the transfer was solely for portfolio consolidation or wallet security reasons remains. Despite the recent turbulent trends in the crypto market , substantial transfers frequently trigger price shifts. Transactions between anonymous accounts, in particular, amplify the sense of uncertainty within the market. Market players indicate that unforeseen price volatility could follow such developments. Whale Alert reported: “15.3 million TRUMP tokens were transferred between unknown wallets.” Evaluating Volatility Risks The volatile conditions following the massive TRUMP coin transfer are carefully examined by experts. Such operations might suggest that major investors are preparing to sell, though alternative reasons, such as moving to a cold wallet, also exist. Analysts stress the importance of investors exercising caution when interpreting this type of information. Initially, no immediate volatility was observed in TRUMP coin’s price movements post transfer; however, the potential influences of this transaction could become apparent in the future. The market recalls earlier instances where similar significant transactions led to increased fluctuations. While the recent major transfer didn’t cause extraordinary movements in the TRUMP coin market, the effects of high-volume transactions on prices continue to be debated. Cryptocurrency investors are encouraged to monitor such transfers closely and remain prepared for potential risks. As the rapid flow of information continues in the crypto market, the true intent and outcomes of these transfers may become clearer over time.
Parataxis to Launch South Korea’s First Bitcoin Treasury Firm via Biotech Acquisition
Parataxis Holdings will turn Bridge Bio into South Korea’s first Bitcoin treasury company through an $18.5M deal. Bridge Bio stock rose 20% after the acquisition news but remains down over 74% year to date. The company aims to bring institutional access to Bitcoin in South Korea using a regulated public market platform. Parataxis Holdings has announced plans to establish South Korea’s first Bitcoin Treasury company. The firm will achieve this through a controlling stake acquisition in Bridge Biotherapeutics, a KOSDAQ-listed biotech company. Parataxis will invest $18.5 million in the firm, securing a majority position. Parataxis Holdings to Establish South Korea's First Bitcoin Treasury Parataxis Holdings has announced plans to acquire a majority stake in Bridge Biotherapeutics to establish the first Bitcoin treasury in South Korea. This corporate move is seen as a landmark in Asia's crypto… — AI News Swarm (@AINEWS_Swarm) June 20, 2025 This acquisition aims to convert Bridge Biotherapeutics into a Bitcoin-native treasury platform. Once the deal closes, the company will operate under the new name ‘Parataxis Korea’. Despite the change, it will remain listed on the KOSDAQ market. Acquisition Terms and Market Movement Parataxis and Bridge Biotherapeutics have signed a definitive agreement for the acquisition. The transaction still awaits shareholder approval and other standard closing conditions. Upon completion, Parataxis Korea will become the first publicly listed company in South Korea to hold Bitcoin as a reserve asset. Bridge Bio’s stock responded to the news. Trading data shows a 20% increase in the past 24 hours, with the share price closing at 943 South Korean won. Despite the recent spike, the stock remains down 74% year-to-date. Strategic Vision Aligns with Global Trends Parataxis Holdings plans to follow a model seen in other countries. In the United States, Strategy has built a strong Bitcoin position. The company now holds over 10,000 BTC and recently added more. In Japan, Metaplanet adopted a similar strategy and now holds a comparable amount of Bitcoin. Parataxis views South Korea as a vital market for Bitcoin treasury expansion. The firm plans to introduce institutional-grade access to Bitcoin through regulated and disciplined structures. This includes transparency, governance, and long-term strategic positioning. Rebranding and Treasury Objective Following the acquisition, Bridge Bio will change its name and corporate direction. The company will shift its focus away from biotechnology and concentrate on digital asset treasury strategies. This approach marks a new path in South Korea’s corporate landscape. By holding Bitcoin as a primary treasury asset, Parataxis Korea aims to reflect broader global trends. Bitcoin’s fixed supply and growing demand continue to attract institutional interest worldwide. The company believes this strategy could benefit shareholders over time. South Korea has witnessed growing retail interest in digital assets. However, institutional adoption has remained limited. Parataxis seeks to change this by providing a regulated and strategic model. With the deal in motion, all eyes remain on shareholder decisions and regulatory approvals. The transformation of a biotech firm into a Bitcoin treasury company signals a significant shift in market direction.
Massie Pushes Bold Bill to “End the Fed”
Rep. Massie reintroduced H.R. 1846 to abolish the Federal Reserve. The bill would repeal the 1913 Federal Reserve Act and dissolve Fed entities. Sponsors argue the Fed’s policies caused inflation and favored elites. Massie’s Push to End the Fed U.S. Congressman Thomas Massie has introduced a new bill aiming to abolish the Federal Reserve. The legislation, known as H.R. 1846, proposes repealing the Federal Reserve Act of 1913 and dissolving both the Federal Reserve Board of Governors and its 12 regional banks. The bill is modeled on similar past efforts, reflecting growing frustration with the central bank’s influence on the economy. What’s Behind the Movement? Massie argues that the Federal Reserve has inflated the money supply excessively in recent years, particularly during and after the COVID-19 pandemic. This, he claims, has led to significant price inflation and devaluation of the U.S. dollar. According to Massie, the Fed’s monetary policies benefit large financial institutions and the wealthy, while harming average Americans through reduced purchasing power and rising living costs. JUST IN: 🇺🇸 Congressman Thomas Massie calls to end the Federal Reserve. pic.twitter.com/mveUKCMCq4 — Watcher.Guru (@WatcherGuru) June 21, 2025 What Could Happen Next? If passed, the bill would mandate the full dissolution of the Federal Reserve within a year, with all remaining assets and liabilities transferred to the U.S. Treasury. A public audit would follow 18 months after enactment. While the bill may face strong political resistance, it brings renewed attention to the role of the Federal Reserve and how it manages the economy. Critics of the plan warn that sudden changes to monetary policy could destabilize financial markets, while supporters believe ending the Fed is a necessary step to restore fiscal discipline. Read Also: Wish You Bought Cardano Early? Qubetics is the Popular Crypto Coin to Buy Now With a 40X Forecast While Others Talk, BlockDAG Builds; PoW, DAG and EVM Along with a Price of $0.0020! CoinMarketCap Removes Malicious Wallet Popup Prompt Bearish Capitulation Sparks Bitcoin Momentum Reversal Friday’s Crypto Chatter: TRX & USDT Lead the Pack Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.
Movement Network Foundation Completes Buyback of 10 Million MOVE Tokens
According to official sources reported by Jinse Finance, the Movement Network Foundation has announced the completion of a buyback of 10 million MOVE tokens and has disclosed the transaction address information for the buyback as part of its buyback commitment.
XRP Shows Potential for Breakout Near $2.20 Amid Reduced Selling Pressure and Key Resistance at $2.29
XRP’s liquidation heatmap reveals a critical liquidity cluster near $2.20, signaling potential for a significant breakout in the near term. The 30-day Network Realized Profit/Loss (NPL) for XRP has declined by 11%, pointing to a reduction in selling pressure among holders. According to COINOTAG analysis, a decisive move above $2.29 could propel XRP toward $2.45, while $2.08 remains a key support level to watch. XRP’s liquidity concentration near $2.20 and a drop in Network Realized Profit/Loss suggest a potential breakout, with $2.29 and $2.45 as key price targets. XRP Liquidity Cluster Signals Imminent Price Movement XRP’s liquidation heatmap highlights a dense concentration of liquidity around the $2.20 price point, indicating a pivotal zone where leveraged positions are likely to be liquidated. Currently trading at approximately $2.14, XRP is positioned just below this critical level, suggesting that market dynamics could soon trigger a breakout. Liquidation heatmaps serve as essential tools for traders, visually mapping areas where stop-loss orders and margin calls cluster, often driving sharp price movements as these orders execute. The presence of this liquidity cluster acts as a magnet for price action, as markets tend to gravitate toward these zones to absorb liquidity. In XRP’s case, this suggests a strong interest from traders either closing short positions or initiating buys, which could catalyze upward momentum. This technical setup is a critical factor for investors monitoring XRP’s potential to break free from its recent consolidation phase. Network Realized Profit/Loss Decline Indicates Reduced Selling Pressure Complementing the liquidity analysis, XRP’s 30-day Network Realized Profit/Loss (NPL) has decreased by 11%, currently standing at 70.27 million. The NPL metric quantifies the aggregate profit or loss realized by investors when they move their tokens on-chain. A declining NPL often signals that holders are less inclined to sell at a loss, which historically correlates with diminished selling pressure and increased holding behavior. This trend suggests that the majority of XRP investors are adopting a wait-and-see approach, anticipating a price rebound rather than capitulating. Such behavioral patterns can create a more stable price floor, providing a foundation for potential upward price movements. Price Targets and Support Levels Define XRP’s Next Moves Currently trading near $2.13, XRP faces a critical juncture as bulls aim to push the price beyond the $2.29 resistance level. A successful breakout above this threshold could open the door for a rally toward the next significant target at $2.45. This price action would mark a notable shift from the prolonged sideways trading XRP has experienced below $2.50. Conversely, if selling pressure intensifies, XRP could retest support at $2.08. Failure to hold this level might lead to a further decline toward $1.99, underscoring the importance of monitoring volume and order flow around these key price points. Traders and investors should remain vigilant for confirmation signals before committing to positions, as volatility may increase near these critical levels. Market Sentiment and Broader Crypto Trends Impact XRP’s Outlook While XRP shows promising technical signals, its trajectory remains intertwined with broader market sentiment and macroeconomic factors influencing the cryptocurrency sector. The current sideways drift in the overall market has created a cautious environment, but XRP’s underlying metrics indicate a potential divergence from this trend. Investors should consider both on-chain data and external market conditions when evaluating XRP’s prospects. Conclusion XRP’s concentrated liquidity near $2.20, combined with a declining Network Realized Profit/Loss, suggests a reduced selling pressure environment conducive to a breakout. A move above $2.29 could catalyze a rally toward $2.45, while support at $2.08 remains critical to maintain bullish momentum. Market participants should closely monitor these levels and on-chain indicators to navigate XRP’s evolving price dynamics effectively. In Case You Missed It: Solana Shows Potential for Sustained Network Stability in June 2025 Health Report
Bitcoin May Face Renewed Volatility Amid US Trade Deadlines and Fed Policy Uncertainty
Bitcoin remains subdued during the Juneteenth holiday, with market participants anticipating renewed volatility as key geopolitical and economic events approach. Despite a Federal Reserve decision to hold interest rates steady, looming US trade war deadlines are expected to drive significant price movements in BTC and broader risk assets. According to COINOTAG sources, Bitcoin’s current consolidation phase is likely temporary, with technical indicators pointing toward a breakout later this month. Bitcoin’s quiet Juneteenth trading masks upcoming volatility risks driven by US trade tensions and Fed policy, signaling potential BTC price shifts in July and August. Geopolitical and Economic Factors Set to Influence Bitcoin Volatility Bitcoin’s price action in mid-June has been characterized by a narrow trading range, reflecting a market in wait-and-see mode amid a US public holiday and a Federal Reserve decision to maintain current interest rates. The lack of immediate catalysts has resulted in subdued volatility, but underlying geopolitical tensions and economic policy decisions are positioning Bitcoin for potential turbulence in the coming months. Key focus areas include the ongoing US trade disputes and the Federal Reserve’s cautious stance on inflation and interest rates. US Trade War Deadlines: A Catalyst for Market Movement Market analysts highlight the significance of upcoming US trade war deadlines as critical inflection points for Bitcoin and other risk assets. The scheduled imposition of retaliatory tariffs by the European Union on July 14, followed by the expiration of the tariff pause on China on August 12, are expected to inject episodic volatility into the markets. These events could disrupt global trade flows and investor sentiment, prompting reactive price adjustments in cryptocurrencies. While some analysts maintain optimism for a stable resolution, the potential for downside risk remains elevated. Federal Reserve’s “Wait and See” Approach and Its Impact on BTC The Federal Reserve’s decision to hold interest rates steady at its June meeting has been described by traders as a “nothingburger,” signaling a deliberate pause to assess inflation trends before making further moves. This measured approach has contributed to Bitcoin’s current price consolidation, as investors await clearer signals on monetary policy direction. Market tools such as CME Group’s FedWatch continue to price in a potential rate cut by September, adding an additional layer of uncertainty that could influence BTC’s trajectory. Technical Indicators Point to Imminent BTC Price Breakout Technical analysts monitoring Bitcoin’s price behavior note a compression pattern around the $105,000 level, which serves as a critical pivot point within the monthly trading range. Traders like Daan Crypto Trades and Michaël van de Poppe anticipate a breakout in the latter half of June, supported by statistical probabilities and momentum indicators. The presence of bid liquidity near $103,000 further suggests that a decisive move—either upward or downward—is imminent, with market participants advised to watch these levels closely for trading opportunities. Market Sentiment and Strategic Positioning Ahead of Key Events Investor sentiment remains cautiously optimistic, with many adopting a strategic wait-and-see posture while preparing for potential volatility spikes. The convergence of geopolitical risks, Fed policy uncertainty, and technical price signals creates a complex environment requiring disciplined risk management. Crypto market participants are encouraged to stay informed on evolving developments and consider adjusting exposure accordingly to capitalize on forthcoming price movements. Conclusion Bitcoin’s subdued trading during the Juneteenth holiday belies an underlying build-up of volatility driven by critical US trade deadlines and Federal Reserve policy decisions. While the market currently exhibits consolidation, technical and fundamental factors suggest that BTC is poised for significant price action in the near term. Investors should remain vigilant, leveraging both geopolitical insights and technical analysis to navigate the evolving landscape effectively. In Case You Missed It: Tether Mints $1 Billion USDT Ahead of FOMC Meeting, Potentially Signaling Bitcoin Price Movement
Bitcoin Dormant Supply: Astonishing Growth Reveals Unshakeable HODL Conviction
Have you ever wondered what happens to Bitcoin that just sits untouched for years? In the fast-paced world of crypto, it’s easy to focus on daily price swings and trading volumes. But a fascinating trend is quietly unfolding that speaks volumes about the conviction of early adopters and long-term investors: the significant growth in the Bitcoin dormant supply. What Exactly is the Bitcoin Dormant Supply? When we talk about the Bitcoin dormant supply, we’re referring to Bitcoin that hasn’t moved from its wallet address for a significant period. The most compelling category, and the focus of recent analysis, is Bitcoin that has remained untouched for over 10 years. Think of these coins as digital artifacts, relics from Bitcoin’s earliest days, held by individuals who acquired them long before Bitcoin became a household name. This category is particularly interesting because coins held for such an extended time are less likely to be part of active trading strategies. They represent a deep, long-term belief in Bitcoin’s future value, often associated with what the crypto community affectionately calls “Bitcoin long-term holders” or simply “HODLers” (Hold On for Dear Life). The Astonishing Growth: More Dormant Than Newly Mined? Recent data from a Fidelity Digital Assets report, highlighted by Cointelegraph, reveals a truly striking trend. Since April 2024, an average of approximately 566 Bitcoin that has remained unmoved for over a decade has been added to this “ancient supply” category every single day. To put this into perspective, consider the current rate of new Bitcoin entering circulation. Following the latest BTC halving event in April 2024, the reward for miners was cut in half. Miners now collectively earn around 450 Bitcoin per day (block reward of 3.125 BTC every ~10 minutes). The fact that the volume of Bitcoin becoming dormant for over 10 years surpasses the current daily issuance by miners is a powerful indicator of accumulation and holding behaviour. Here’s a simple comparison: Metric Approximate Daily BTC Amount (Since April 2024) New BTC Issued by Miners ~450 BTC BTC Becoming 10+ Years Dormant ~566 BTC This dynamic suggests that more Bitcoin is moving into the category of long-term, likely inaccessible or deeply held supply, than is being created each day. This has significant implications for overall Bitcoin supply dynamics. The Ever-Growing Treasure Trove of Ancient Bitcoin According to the Fidelity report, this ancient supply now represents a substantial portion of the total BTC supply that has ever been mined. It accounts for more than 17% of all mined Bitcoin, which is roughly 3.4 million BTC. Valuing this ancient hoard is difficult given Bitcoin’s price volatility. The report cited a value of approximately $360 billion based on a price of $107,000 per coin at the time of their analysis. While the price fluctuates, the sheer volume of 3.4 million BTC sitting unmoved for a decade highlights the immense value locked away by these conviction-driven holders. Why Are So Many Bitcoins Becoming Dormant? The Power of Bitcoin HODL The primary driver behind the growth of the Bitcoin dormant supply is the strong conviction of Bitcoin long-term holders. These individuals aren’t looking for quick profits. They likely acquired their Bitcoin when the price was significantly lower and have weathered multiple market cycles, corrections, and periods of intense volatility. Their decision not to move or sell their Bitcoin for over a decade indicates several possibilities: Unshakeable Belief: They hold a deep conviction in Bitcoin’s long-term potential as digital gold or a global reserve asset. Early Acquisition: Many of these coins were mined or purchased in Bitcoin’s infancy, potentially at very low costs, reducing the pressure to sell for profit. Lost or Inaccessible Keys: Sadly, some portion of this dormant supply may represent coins whose private keys have been lost or forgotten over the years. Estate Planning/Inheritance: Some may be held within long-term estate plans, intended for future generations. Strategic Holding: Sophisticated investors or entities might be intentionally holding large amounts off-exchange as a long-term strategic allocation. Regardless of the exact reason, the sheer volume of Bitcoin remaining dormant for so long is a powerful testament to the Bitcoin HODL philosophy and reduces the potentially available supply on exchanges. Future Projections and the Impact of the BTC Halving The Fidelity report makes compelling projections about the future growth of this ancient supply, largely influenced by the predictable nature of the BTC halving schedule. As time passes, more and more existing Bitcoin will cross the 10-year threshold, automatically adding to the dormant count, while the rate of new Bitcoin creation continues to decrease every four years due to the halving. Fidelity projects that the ancient supply’s share of the total mined BTC supply could rise to: 20% by 2028: The year of the next anticipated BTC halving. 25% by 2034: Further increasing its dominance over the newly issued supply. This interaction between the fixed issuance schedule dictated by the BTC halving and the behaviour of Bitcoin long-term holders profoundly impacts Bitcoin supply dynamics. As the rate of new supply shrinks and the amount of old, unmoved supply grows, the effectively available supply for trading and new investment becomes increasingly scarce. Implications for Bitcoin Supply Dynamics and the Market The consistent growth of the Bitcoin dormant supply has several key implications for the market: Reduced Selling Pressure: Coins held for over 10 years are statistically far less likely to be sold in response to market fluctuations compared to newer coins or those held by short-term traders. This removes a significant potential source of selling pressure from the market. Increased Scarcity: While Bitcoin’s total supply is capped at 21 million, the circulating and *actively traded* supply is what truly matters for price discovery. As the dormant supply grows, the effectively available supply becomes scarcer, which can be a bullish factor assuming demand remains constant or increases. Indicator of Conviction: The trend serves as a strong signal of confidence from some of the earliest and most resilient Bitcoin holders. Their unwillingness to sell, even after immense price appreciation, speaks to a belief in even greater future value. Understanding these Bitcoin supply dynamics is crucial for anyone trying to grasp Bitcoin’s long-term value proposition. It’s not just about how much Bitcoin exists, but how much is actually in active circulation. Are There Challenges or Risks Associated with Dormant Supply? While the growth in Bitcoin dormant supply is often seen as a positive indicator of strong holding conviction, it’s not without potential considerations: Lost Access: As mentioned, some portion is likely lost forever due to lost keys. This permanently removes those coins from circulation. Future Movement: While unlikely for the majority, a sudden need or decision by a large, ancient holder to move or sell a significant amount of Bitcoin could potentially impact the market, although the logistics of selling such a large amount without impacting the price are challenging. Concentration Risk: A large amount of supply is concentrated in the hands of early holders. While they have demonstrated resilience, this concentration is a factor in the overall supply distribution. However, the consistent growth of this category suggests that for every holder who might lose access or eventually sell, there are many more who remain steadfast in their Bitcoin HODL strategy. Conclusion: The Silent Strength of Bitcoin’s Ancient Supply The recent data showing Bitcoin dormant supply growing faster than new coins are mined is a powerful narrative. It underscores the unwavering conviction of Bitcoin long-term holders and highlights the unique Bitcoin supply dynamics at play, particularly in the wake of the latest BTC halving. As Fidelity projects this ancient supply to constitute an even larger percentage of the total BTC supply in the coming years, the scarcity factor becomes increasingly pronounced. The trend of deep-seated Bitcoin HODL isn’t just a meme; it’s a quantifiable force shaping the future availability and potential value of Bitcoin. This growth in dormant supply, exceeding the rate of new issuance, is a silent but strong indicator of the market’s long-term perspective on Bitcoin. It’s a reminder that beneath the daily noise, a significant portion of the network’s value is held by those who believe in its transformative potential over decades, not just days or months. To learn more about the latest Bitcoin market trends, explore our article on key developments shaping Bitcoin price action. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Abracadabra Exploit: Shocking $7.5M ETH Moves to Tornado Cash
In the fast-paced world of decentralized finance (DeFi), news travels quickly, especially when it involves security breaches and fund movements. Recently, a significant development caught the attention of the crypto community: an address associated with the infamous Abracadabra exploit has reportedly transferred a substantial amount of Ethereum (ETH) to a well-known crypto mixer, Tornado Cash. This move reignites discussions about fund tracing, privacy tools, and the ongoing challenges in blockchain security. What Happened with the Abracadabra Exploit Funds? Let’s get straight to the core of the recent news. According to insights shared by the prominent blockchain security firm PeckShield on social media platform X, an address identified as belonging to the hacker responsible for the earlier Abracadabra exploit initiated a transfer of 3,000 ETH. At the time of the report, this amount was valued at approximately $7.5 million. The destination of these funds? Tornado Cash. This isn’t the first time the Abracadabra protocol has faced security challenges. Back in March, the platform experienced a significant DeFi hack that resulted in the loss of around $13 million. Abracadabra.money is a lending protocol that allows users to collateralize various cryptocurrencies, including interest-bearing tokens, to borrow Magic Internet Money (MIM), a stablecoin. The March exploit reportedly involved a vulnerability related to flash loans and price manipulation. The recent movement of the 3,000 ETH is believed to be a portion of the funds stolen during that earlier Abracadabra exploit. While blockchain transactions are transparent and traceable, moving funds through a crypto mixer like Tornado Cash complicates the tracking process significantly, which is often the goal of malicious actors attempting to obfuscate the origin and destination of illicit funds. Understanding Tornado Cash and Crypto Mixers To fully grasp the implications of this transfer, it’s important to understand what Tornado Cash is and how crypto mixers function. In essence, a crypto mixer (or tumbler) is a service that pools together cryptocurrency from many different users and then redistributes it in a way that makes it difficult to trace the original source of the funds. Think of it like putting a bunch of different coins into a blender and then pouring out the mix – it’s hard to tell which original coin came from where. Tornado Cash is one of the most well-known examples of a decentralized crypto mixer built on the Ethereum network. It uses smart contracts and cryptographic techniques (specifically, zero-knowledge proofs) to break the on-chain link between the source address and the destination address. Users deposit funds into a large pool (or several pools based on denomination) and can later withdraw the same amount (minus fees) to a different address. Because many users are depositing and withdrawing simultaneously, it becomes challenging for external observers to match specific deposits with specific withdrawals. Why do people use crypto mixers? Privacy: For legitimate users, mixers can enhance financial privacy on public blockchains where all transactions are otherwise visible. This can be important for businesses wanting to keep their payments confidential or individuals not wanting their entire transaction history public. Obfuscation: Unfortunately, mixers are also heavily used by bad actors, including hackers, scammers, and money launderers, to hide the trail of illicitly obtained funds. The use of Tornado Cash for illicit purposes led to it being sanctioned by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) in August 2022. This sanction effectively made it illegal for U.S. persons and entities to interact with the protocol, highlighting the regulatory challenges surrounding privacy-enhancing tools in the crypto space when they are exploited by criminals. The Role of Blockchain Security Firms Like PeckShield How do we know about this fund movement from the Abracadabra exploit? This is where blockchain security and analytics firms like PeckShield come into play. These companies specialize in monitoring blockchain networks, analyzing transactions, identifying suspicious activity, and tracing the flow of funds, especially those involved in hacks, scams, or other illicit activities. Blockchain security analysts use sophisticated tools and techniques to: Monitor large or unusual transactions. Identify addresses linked to known exploits or illicit entities. Trace funds across different protocols and sometimes even across different blockchains. Analyze smart contract code for vulnerabilities. Provide alerts and reports to the community and affected projects. PeckShield’s alert regarding the 3,000 ETH moving from the address associated with the Abracadabra exploit to Tornado Cash is a prime example of this work. While the mixer makes tracing harder, the initial movement *into* the mixer is still visible on the public ledger and can be flagged by monitoring services. This transparency, paradoxically enhanced by the work of blockchain security firms, is a key feature of public blockchains, even when users attempt to break the links. Why Does This DeFi Hack Fund Movement Matter? The transfer of funds from a DeFi hack address to a crypto mixer like Tornado Cash has several important implications for the broader crypto ecosystem: Challenges in Recovery: Once funds enter a mixer, the likelihood of victims or law enforcement being able to trace and recover the specific stolen assets diminishes significantly. This makes successful exploits even more damaging. Perpetuating Illicit Activity: The ability for hackers to ‘clean’ funds using mixers can incentivize future malicious activities, as it provides a potential escape route for stolen assets. Regulatory Scrutiny: Such events intensify the focus of regulators on mixers and other privacy tools, potentially leading to stricter regulations or outright bans, which could impact legitimate users who value financial privacy. Reputational Risk for DeFi: Every major DeFi hack and subsequent attempt to launder funds through mixers damages the reputation of the decentralized finance space, potentially slowing adoption and increasing skepticism among mainstream users and institutions. The Arms Race in Blockchain Security: It highlights the ongoing battle between hackers finding new vulnerabilities and security firms developing better tools and techniques for monitoring, analysis, and prevention. The blockchain security landscape is constantly evolving. While the Abracadabra exploit happened months ago, the movement of these funds now serves as a fresh reminder of the lifecycle of crypto crime and the persistent challenges in tracking assets post-theft, especially when tools designed for privacy are misused. What Can We Learn from This? This incident offers a few takeaways for participants in the crypto space: Due Diligence is Crucial: For users, understanding the risks associated with DeFi protocols and the importance of security audits before depositing funds is paramount. Protocol Security is Paramount: For DeFi projects, investing heavily in robust security measures, multiple audits, bug bounties, and continuous monitoring is non-negotiable. The cost of a hack far outweighs the cost of prevention. Transparency and Monitoring: While mixers exist, the underlying blockchain remains transparent. The work of blockchain security firms provides a layer of accountability by tracking funds up to the point they enter a mixer and identifying addresses involved in illicit activities. The Privacy vs. Anonymity Debate: This event underscores the complex debate surrounding financial privacy tools on public blockchains and how to prevent their abuse for anonymity in criminal activities. The movement of 3,000 ETH from the Abracadabra exploit address to Tornado Cash is more than just a transaction; it’s a case study in the ongoing challenges faced by the DeFi ecosystem – the constant threat of hacks, the complexities introduced by privacy tools, and the critical role played by blockchain security analysts in monitoring the digital frontier. Concluding Thoughts The news that funds from the Abracadabra exploit have been moved into Tornado Cash is a stark reminder of the persistent security risks in DeFi and the challenges associated with tracing illicit funds. While crypto mixers can serve legitimate privacy purposes, their use by hackers and criminals highlights a significant hurdle in the industry’s fight against financial crime. The work of blockchain security firms like PeckShield remains vital in providing visibility into these movements, even as bad actors employ tactics to cover their tracks. As the DeFi space matures, addressing these security vulnerabilities and finding a balance between privacy and accountability will be crucial for building trust and ensuring sustainable growth. To learn more about the latest crypto security trends, explore our article on key developments shaping blockchain security best practices. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Dogecoin price prediction as DOGE drops below $0.2
The price of Dogecoin (DOGE) has dropped below $0.20 amid rising bearish pressure. Analysts warn of a possible slide to the $0.10 level. Dogecoin whales are quietly offloading their holdings. Dogecoin (DOGE), the internet’s favourite meme coin, is once again under pressure as it dips below the critical $0.20 level, raising concerns among traders about the sustainability of its recent uptrend. Despite attempts at recovery in recent months, Dogecoin has fallen sharply in the past week, shedding over 15% of its value amid broader market uncertainty and waning investor confidence. At press time on June 18, Dogecoin was trading between $0.16 and $0.17, having slipped from a short-lived high earlier this year, triggering a flurry of bearish predictions and renewed scrutiny from analysts. Bears have gained the upper hand Dogecoin’s recent price action has been dominated by bearish sentiment, amplified by geopolitical tensions and a shift in overall risk appetite among crypto investors. Although meme coins are often volatile by nature, the rapid downturn has raised questions about the strength of DOGE’s long-term support levels, especially as it flirts dangerously with the $0.16–$0.17 range. Technical indicators now reflect a market under pressure, with the Moving Average Convergence Divergence (MACD) flashing a sell signal and the token trading below its 50-day moving average. Furthermore, the emergence of a bearish flag pattern on major charts has fueled speculation that the coin may revisit lows last seen before the 2024 rally. Whales are quietly cashing out Amid the price slide, large holders of Dogecoin have begun moving capital into emerging alternatives, signalling a strategic exit from what some now consider a fading trend. Blockchain analytics indicate that long-term wallets holding DOGE have reduced their balances by nearly 0.88% in just 24 hours, hinting at growing unease among so-called “diamond hands.” Analysts are divided over what comes next While the prevailing sentiment may lean bearish, not all experts agree that Dogecoin is on a path to oblivion just yet. Popular chartist Javon Marks believes the token is still holding a bullish breakout pattern, maintaining higher lows that could set the stage for a powerful rally. $DOGE (Dogecoin)'s prices are CONTINUING TO HOLD A BULLISH PATTERN & BREAKOUT and a MASSIVE MOVE TOWARDS $0.6533 can take place in result! As prices continue to hold Higher Lows, this hints that Dogecoin is still in an uptrend and as the breakout holds, this gives a target where… https://t.co/yy7NsrbuXi pic.twitter.com/vNyO2ej0ZI — JAVON⚡️MARKS (@JavonTM1) June 18, 2025 According to Marks, if this trend continues, Dogecoin could surge to $0.6533—a level representing a nearly 280% gain from current prices—and possibly reach $1.25 in an extended rally. In support of this view, another trader known as Trader Tardigrade recently identified a falling wedge pattern on DOGE’s 4-hour chart, a structure often associated with bullish reversals. #Dogecoin has formed a Falling Wedge, pointing onto a swing low support 🔥 The downward momentum has gradually decreased as it nears the wedge's apex. $Doge /H4 pic.twitter.com/cYIZLSKnK8 — Trader Tardigrade (@TATrader_Alan) June 17, 2025 Despite this optimism, the overwhelming mood in the broader crypto market remains cautious, with 87% of analysts currently bearish on Dogecoin’s short-term outlook. Moreover, Elon Musk’s recent comments denying any government adoption of DOGE have deflated some of the speculative hope that previously buoyed the coin’s price. Dogecoin price prediction: Is $0.10 now in sight? Although Dogecoin is not yet in free fall, the pressure on support levels is intensifying, prompting many to question whether a drop to $0.10 is now a realistic scenario. Should DOGE fail to hold the $0.16 threshold, analysts warn that a rapid descent toward $0.14 and possibly even $0.10 could be triggered by algorithmic trading and panic selling. Such a move would mark a dramatic reversal from the coin’s November 2024 peak of $0.47, further solidifying fears that the meme coin era may be losing its charm. Still, volatility is nothing new for Dogecoin, and past downturns have occasionally given way to surprising comebacks driven by viral support and sudden market swings. For now, all eyes remain fixed on the charts as traders brace for what could be a defining moment in Dogecoin’s turbulent journey.
Filled orders
Delivery scenarios
