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.
Kazakhstan Announces National Crypto Reserve Development at Central Bank
Kazakhstan will establish a state crypto-reserve managed by its central bank. The announcement came from National Bank Chairman Timur Suleimenov during parliamentary proceedings on June 30. The reserve represents Kazakhstan's latest step toward integrating digital assets into national financial infrastructure. According to Qazinform, the reserve will operate under National Bank supervision through an affiliate institution. The concept includes comprehensive management frameworks for crypto-asset storage and administration. Suleimenov confirmed the bank supports an institutional approach to crypto-reserve formation. The approach follows international best practices for sovereign fund management. The reserve framework addresses multiple operational aspects. Sources may include confiscated crypto-assets from law enforcement actions. State-operated mining facilities could contribute additional cryptocurrencies to reserves. The National Bank prioritizes transparency in accounting procedures and storage protocols. Management structures will ensure crypto-asset safety through centralized institutional control. Specific mechanisms for reserve development require coordination with law enforcement agencies nationwide. The National Bank will collaborate with concerned state bodies on detailed implementation protocols. Kazakhstan's approach reflects careful consideration of crypto volatility and inherent security risks. The institutional framework aims to protect state crypto-assets while maximizing long-term strategic value. Global Movement Toward Government Crypto Holdings Kazakhstan's announcement follows major crypto policy shifts worldwide in 2025. The United States established its Strategic Bitcoin Reserve through presidential executive order on March 6. The White House confirmed the reserve uses confiscated Bitcoin from criminal proceedings. The US Treasury manages these assets as strategic holdings without selling them. Multiple US states pursue similar initiatives at regional levels. According to BeInCrypto, thirteen states draft Bitcoin reserve legislation for 2025. States like Ohio and Pennsylvania propose allocating up to 10% of public funds. Texas plans accepting Bitcoin donations for state reserves. These proposals reflect growing institutional crypto acceptance across government levels. International examples demonstrate diverse approaches to national crypto strategies. El Salvador holds 6,210 BTC worth approximately $659 million through daily purchases. The country adopted Bitcoin as legal tender in September 2021. Bhutan owns 12,062 BTC valued at $1.28 billion primarily from mining operations. The kingdom uses abundant hydroelectric power for sustainable Bitcoin mining since 2019. Government crypto holdings now exceed 530,000 BTC globally across various nations and jurisdictions. Countries increasingly recognize Bitcoin's potential as a strategic reserve asset alongside traditional gold reserves. The trend accelerated after Bitcoin reached new price highs in 2024-2025. Nations compete to establish positions before widespread institutional adoption increases scarcity. Kazakhstan's Crypto Mining Infrastructure Positions Reserve Success Kazakhstan controls significant global Bitcoin mining capacity following China's comprehensive 2021 mining ban. The country successfully attracted international mining operations with competitive energy prices and clear regulatory frameworks. Current estimates show Kazakhstan maintains 13.2% of global Bitcoin hashrate as of March 2023. Over 265 registered mining firms operate within national borders according to authorities. Regulatory frameworks evolved to manage the growing crypto mining sector effectively. New legislation requires miners to sell 75% of mined assets through licensed exchanges by 2025. The requirement increased from 50% in 2024 to ensure market liquidity and transparency. The Astana International Financial Centre (AIFC) manages crypto licensing and exchange operations exclusively. Crypto For Innovation reports authorities issued 84 mining licenses and accredited five mining pools. Kazakhstan's energy infrastructure provides competitive advantages for crypto mining operations nationwide. The country possesses abundant coal and hydroelectric resources supporting industrial electricity demands. Mining operations consume surplus energy during off-peak periods, balancing grid loads effectively. Vice-minister Tuleushin proposed innovative energy programs linking miners with infrastructure development projects. The regulatory sandbox within AIFC enables controlled crypto innovation and experimentation safely. Licensed entities enjoy tax exemptions on various income streams until January 2066. The National Bank prepares comprehensive legislation addressing digital asset circulation and anti-money laundering. These frameworks position Kazakhstan to leverage mining capacity for reserve accumulation strategically. Mining companies must register hardware and software systems with state authorities for oversight. Energy consumption quotas limit grid access to prevent power shortages during peak demand. Miners using renewable energy or producing off-grid power face fewer restrictions overall. The comprehensive regulatory approach balances economic opportunity with infrastructure protection and market stability. Related Reading on BTC Peers BTC Peers provides comprehensive analysis of global Bitcoin policy developments across nations worldwide. The Global Bitcoin Policy Index tracks regulatory approaches, adoption metrics, and government initiatives systematically. Readers can compare Kazakhstan's institutional approach with other countries' crypto strategies in detail. The platform examines how different nations balance innovation with regulatory control effectively. Learn about emerging trends in national crypto reserves and mining regulations shaping the global digital asset landscape.
Emerging Chains Lead Q2 2025 TVL Growth
Key Takeaways: Worldcoin Agency emerged as the TVL growth leader. Newcomer CORN achieved 1,728% TVL increase. MOVE saw over 1,148% TVL growth in Q2 2025. Emerging Chains Lead Q2 2025 TVL Growth Worldcoin Agency, CORN and Movement Labs led Q2 2025 with significant total value locked (TVL) growth, outpacing established networks by large margins. Illustrating a shift in capital allocation, the rapid growth of Worldcoin, CORN, and MOVE in Q2 2025 suggests heightened investor interest in emerging platforms. Worldcoin Agency achieved over 2,055% increase in total value locked (TVL), marking its prominence in the cryptocurrency sector. Emerging Chains Lead Q2 2025 TVL Growth , a newcomer, witnessed a remarkable 1,728% rise, indicating its promising future prospects in the industry. The robust performance of Movement Labs, boasting a 1,148% TVL growth, further demonstrates significant trends in public blockchain expansion , as emerging players gain traction. Key figures including Sam Altman, CEO of Worldcoin Agency, and developers from Movement Labs played pivotal roles in these gains. Altman, known for his past work at OpenAI, spearheaded digital identity initiatives, while Movement Labs focused on promoting Move language adoption outside traditional environments. The surge in TVL for these chains hints at increased staking, lending, and on-chain activities, attracting both institutional DeFi investments and speculative capital. Established networks like Ethereum and Solana observed comparatively modest growth, highlighting the shifting landscape. Fiancial consequences emerge as novel platforms gain traction, threatening the dominance of older networks. Regulatory implications remain uncertain, with no new guidance from key global bodies, yet the disruptive nature of these changes cannot be overlooked. On-chain statistics underscore these altering dynamics, urging stakeholders to closely monitor these progressions. Predictions suggest potential regulatory scrutiny as these newcomers reshape the market landscape, with possible technological advancements influencing future capital influxes. Historical TVL surges in platforms like BSC provide a framework for interpreting current trends, indicating strategic investment shifts in this evolving market.
Movement price forecast as MOVE sees 60% bounce from recent lows
Movement (MOVE) price saw 1% slump in the past 24 hours, but is up nearly 60% from its June 22 lows of $0.11. Profit-taking and the altcoin market cooldown contribute to the recent pullback. Rebranding and token buybacks fuel optimism for a potential rally toward $0.4. The price of Movement (MOVE) was down 1.2% in 24 hours as it changed hands around $0.17. Despite the downturn, the token remained 34% up over the past week and, crucially, nearly 60% up since dipping to lows of $0.11 on June 22, 2025. Meanwhile, the 24-hour trading volume declined after spiking more than 300% as prices rose to near $0.20 on June 27. The volume, per CoinMarketCap, stood at $212 million, about 46% down in the past 24 hours. Why is the MOVE price down? Movement’s 1.2% drop in the past 24 hours comes as traders likely look to capitalize on the token’s rapid 60% climb from $0.11. This price level is the cryptocurrency’s all-time low, and the price surging to nearly $0.20 provides a potential opportunity for some profit-takers. While not good for the MOVE price today, the profit-taking generally aligns with a broader cooldown across the altcoin market. Despite the threat of a selling pressure, the price remains well above key support levels, signaling that the bullish momentum may not be over. The 300% spike in trading volume during the rally indicates strong market participation, but the subsequent 46% drop suggests a natural consolidation phase as traders reassess positions. CryptoQuant analysts are also pointing out that the market is showing signs of cooling down. However, there’s no overheating. “Currently, Bitcoin is near its all-time high, but the market shows a cooling trend without signs of overheating,” the analysts said on X. This outlook aligns with Bitcoin’s holding of prices above the $107k level after a sharp bounce from lows below $100k. Movement price prediction The outlook for MOVE remains cautiously optimistic, driven by technical and fundamental developments. Movement’s rebranding efforts are shifting sentiment away from its recent negative outlook. Additionally, token buybacks are a significant bullish catalyst. MOVE price recently broke out of a descending channel, a bearish pattern that had constrained its price action. This breakout, coupled with a surge in trading volume, signals growing bullish momentum. On daily charts, the Relative Strength Index (RSI) hovers around 59, indicating room for upward movement before reaching overbought territory. If bullish momentum continues, key levels to watch include $0.23 and $0.34, which align with historical resistance zones. Above these, buyers can target $0.4 and $0.55. However, support levels at $0.15 and $0.11 remain critical if bearish pressure reemerges.
Bitcoin Treasury Corporation Begins TSX Venture Trading After $92 Million Raise and 292 BTC Purchase
reports that Canadian Bitcoin lending company Bitcoin Treasury Corporation resumed trading on the TSX Venture Exchange on June 30, 2025. The company raised 125 million Canadian dollars ($92 million) through a brokered offering and acquired 292.8 BTC worth approximately $31.5 million. The Toronto-based firm issued 426,650 shares at CAD $10 each under the ticker "BTCT" with over 10 million shares outstanding. The shares carry a four-month holding period under Canadian securities laws. The company completed its listing through a reverse takeover of 2680083 Alberta Ltd. Corporate Treasury Strategy and Institutional Bitcoin Lending Bitcoin Treasury Corporation uses its Bitcoin holdings to provide institutional lending solutions and liquidity services to counterparties. explains the company views Bitcoin as both a long-term reserve asset and core revenue generation component. The firm plans to publish its initial Bitcoin per share figure after completing this acquisition phase. This approach provides investors with transparent metrics for underlying asset value per share. The company launched an accumulation strategy targeting Bitcoin-backed financial solutions with disciplined risk management. CEO Elliot Johnson leads the organization's focus on institutional-grade Bitcoin services. The business model centers on leveraging Bitcoin reserves to offer secured lending products. This positions the company within the growing Bitcoin-backed lending market valued at approximately $8.6 billion as of August 2024. Growing Bitcoin Treasury Company Movement tracks more than 90 publicly listed companies currently holding around 796,000 BTC worth over $84 billion total. Companies are aggressively adding BTC to their holdings as core business strategy rather than secondary investment. These firms use various methods including convertible bonds and profit allocation to acquire Bitcoin. notes corporations view Bitcoin as superior store of value compared to cash that depreciates through inflation. reports Strategy (formerly MicroStrategy) copycats doubled their Bitcoin holdings in just two months to collectively hold under 100,000 BTC. Standard Chartered estimates 61 publicly-listed companies have adopted Bitcoin treasury strategies. The trend includes international expansion with companies like DigiAsia in Indonesia planning $100 million raises for Bitcoin reserves. Brazilian fintech Méliuz received shareholder approval for the first Bitcoin treasury in Brazil. These developments reflect global institutional confidence in Bitcoin as treasury asset. Market Impact and Financial Institution Response reports the Bitcoin-backed lending market projects growth to $45.6 billion by 2030. Established companies like Ledn originated $9 billion in loans since 2018 with $2.4 billion in 2024 alone. Traditional financial institutions increasingly explore Bitcoin-backed lending opportunities. notes financial institutions see potential annual percentage returns upward of 10% in this space. The TSX Venture Exchange serves as primary Canadian market for junior issuers with approximately CAD $68 billion market capitalization as of November 2023. data shows the exchange lists significant international companies in resource and technology sectors. Bitcoin Treasury Corporation's public listing provides Canadian investors direct exposure to Bitcoin accumulation strategy through regulated exchange. This development occurs amid broader institutional adoption trends including Bitcoin ETF launches and increasing regulatory clarity under current U.S. administration policies. The convergence of traditional financial markets with Bitcoin treasury strategies reflects fundamental reassessment of corporate value storage and capital allocation methods. Financial institutions adapt to accommodate growing demand for Bitcoin-backed financial products and services. Related Reading on BTC Peers Read this article to understand how global Bitcoin policy developments affect corporate treasury decisions and institutional adoption rates. The comprehensive analysis examines regulatory frameworks across major economies and their impact on Bitcoin integration strategies. Readers will gain insights into policy trends that influence corporate Bitcoin holdings and help predict future institutional adoption patterns.
Pump Fun 2.0 Launches with New Features But Its Token Stalls With Zero Volume and Zero Circulating Supply
Pump Fun 2.0 boosts mobile trading with real-time trends and one-tap token buys. PUMP token stalls near $0.02000 with zero volume and weak technical indicators. Despite zero supply, PUMP’s FDV sits at $421K, hinting at speculative future value. Pump.fun has rolled out its much-anticipated mobile app upgrade, Pump.fun 2.0, introducing a new suite of tools for crypto enthusiasts on the go. The release focuses on speed and simplicity, with features designed to make trading more intuitive. Yet, while the app gets a major facelift, the platform’s native PUMP token tells a completely different story, one of stalled momentum and deeply concerning market metrics. What’s New in the Pump.fun 2.0 App? The app’s most notable features include a “Movers Feed,” offering a real-time view of top-performing and lagging tokens. This tool helps users stay alert to rapid market shifts. In addition, “Tap-to-Ape” simplifies token purchases with one-tap functionality, making instant trades possible across any app. A newly integrated news section also surfaces token trends and headlines to keep users engaged. These features are clearly aimed at driving adoption and community interest, a critical need given the token’s uncertain dynamics. PUMP Token Stuck at Key Levels with Little Movement The price of PUMP has flatlined around the $0.02000 mark after a sharp intraday drop from $0.02015. This decline occurred without warning and was followed by complete price flattening. There has been no clear rebound or movement since. Related: Is Pump.fun Fueling the Next Solana-Based Memecoin Explosion? This suggests a significant lack of trading interest and possibly liquidity. The support level is now set at $0.02000, while $0.02015 serves as resistance. However, these thresholds are currently symbolic, as the market shows almost no activity. Source: CoinMarketCap Market stats reveal concerning gaps. The circulating supply of PUMP remains at zero, and trading volume over the past 24 hours is also zero. The market cap is listed as $0. These numbers raise red flags about the token’s availability and traction. Despite this, the Fully Diluted Valuation stands at $421,720 highlighting some valuation potential if the token eventually enters circulation fully. Related: Pump.fun Airdrop? Don’t Count on June—July Looks More Likely: Here’s Why Weak Indicators Paint a Cautious Outlook PUMP/USD daily price chart, Source: TradingView Technical indicators reflect a similarly weak posture. The MACD hints at a potential shift, showing a slight bullish crossover. However, it remains in negative territory, suggesting no real momentum. Meanwhile, the RSI reads at 34.89, nearing oversold territory but not quite hitting the threshold. This positions the token close to a point of interest for buyers, but not decisively so. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
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.
Is Movement (MOVE) Gearing Up for a Bullish Climb or a Bearish Turn?
Movement is trading at $0.17. MOVE’s trading volume is up by 19%. The largest asset, Bitcoin (BTC), is trading at $107.2K, and the largest altcoin, Ethereum (ETH), hovers around the $2.4K mark. With a brief spike in market cap, the mixed signals have unfolded, displaying both green and red candlesticks across the crypto assets. Among them, Movement (MOVE) has posted a brief loss of 2.39%. In the early hours, the asset chose to trade on the downside, at the bottom range of $0.1695. A sudden bullish shift has triggered the MOVE price to climb to its daily high of around $0.1983. The crucial resistance between $0.1716 and $0.1973 levels was broken. If the upside momentum is regained, the asset might step into the bullish phase, pushing the price up. According to CMC data , at the time of writing, Movement traded within the $0.1796 zone, with its market cap at $469 million. Notably, the daily trading volume has increased by over 19%, reaching $398 million. Furthermore, the market has experienced a liquidation of $2.49 million worth of MOVE during this period, as per Coinglass data . What is Next For Movement? The Movement’s four-hour price chart shows a brief upward price correction. The price might initially break the resistance at $0.1820. If the mighty bulls invite the golden cross to support the asset’s price , it could likely eye a high above the $0.1831 level. On the downside, assuming the bears take control, the price of the asset could slip to the $0.1809 range. An extended correction might push the MOVE’s price to steeply fall, and a death cross may take place, sending the price toward the $0.17 mark. MOVE chart (Source: TradingView ) While analysing the technical indicators, the Moving Average Convergence Divergence (MACD) line has crossed over the signal line. It typically indicates a bullish crossover. In addition, MOVE’s Chaikin Money Flow (CMF) indicator is found at 0.19, suggesting a positive pressure in the market, with the money flowing into the asset. MOVE’s ongoing market sentiment is bullish as the daily relative strength index (RSI) stays at 62.76, which implies that the asset could continue upward. Moreover, the Bull Bear Power (BBP) value of the asset is found at 0.0133, hinting at a mild bullish pressure in the market. Highlighted Crypto News Is a Move Above $500 Next for Bitcoin Cash (BCH) or Is a Pullback Coming?
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.
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