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One analyst pointed out the $27,000 level could be a short-term target for bitcoin amid the lack of positive news.
The balance kept in addresses that hold coins for at least 155 days has increased by $1.87 billion this month.
XRP price is down today, like other top crypto assets, as traders anticipate a Federal Reserve rate hike this week.
One token zoomed 1,200% even though its related project closed in May, data shows.
Bitcoin whales account for the most exchange inflows volumewise since June 2022 as short-term holders become increasingly active.
The highly anticipated project co-founded by OpenAI's Sam Altman launched its token on Monday.
The spot market is in the driver's seat as perpetual futures open interest to market cap ratio remains low, one observer said.
Launch of the token comes alongside protocol launch and prior release of the wallet.
Bitcoin begins to fulfill traders’ downside targets as BTC price action retraces its steps in a crucial macro week.
The CEO of the Dubai-based exchange sees jurisdictions competing for crypto business in a post-FTX world. PLUS: Bitcoin holds near $30,000 amid investor cautiousness.
- 09:57Analyst: US Debt Costs Remain a ConcernAccording to a report by Jinse Finance, BlueBay Chief Investment Officer Mark Dowding stated that concerns over long-term bond yields will persist as the U.S. budget is expected to be finalized within the next month before Congress adjourns. The pressure to reach an agreement in the coming weeks means that compromises will be made within the Republican Party. Even factoring in $250–300 billion in tariff revenues, the fiscal deficit ratio will remain around 7% of GDP. “Concerns about the rising level of U.S. debt are unlikely to ease in the short term.” BlueBay believes that the Trump administration will not implement tax increases or substantial spending cuts, and the only possible way to reduce the deficit is through a significant decline in borrowing costs.
- 09:54ProjectHunt: Aggregated Information Dashboard MoonbergAI Highlights Projects with the Most New Top Influencer Followers in the Past 7 DaysAccording to tracking data from the Web3 asset data platform RootData X, in the past 7 days, the aggregated information dashboard Moonberg AI has become the project with the most new followers among top X (Twitter) figures. Influential X personalities who have recently followed this project include the anonymous Twitter KOL Inversebrah (@inversebrah), NFT collector Gmoney (@gmoneynft), and crypto trader Pentoshi (@Pentosh1).
- 09:53Dialogue with Tether CEO: Unveiling the "Four Pillars of Stability" Vision and the $14 Billion Investment LandscapeTether CEO Paolo Ardoino recently revealed the company’s $14 billion investment strategy, spanning diverse sectors such as AI, agriculture, energy, and brain-computer interfaces. As the world’s largest stablecoin issuer, Tether will focus on investing in payment infrastructure across Africa and Central and South America, having already deployed 500 solar-powered financial service kiosks with plans to expand to 100,000 by 2030. In the AI sector, the company has invested in Northern Data, which owns 24,000 H100 GPUs, and is developing the decentralized AI platform CUAC. Additionally, Tether holds 100,000 bitcoins and is expected to become the world’s largest bitcoin miner by the end of the year. Ardoino emphasized the advantages of remaining a private company, enabling ultra-long-term investments, including the development of open-source brain-computer interface systems. He proposed a “Four Pillars of Stability” strategy: stable currency, communication, intelligence, and energy, considering these the foundation of societal stability. In the stablecoin business, Tether is developing the open-source Wallet Development Kit (WDK) and plans to launch a multi-chain routing algorithm to automatically select the optimal blockchain network for users.