The Truth Social Bitcoin and Ethereum ETF is designed to track the performance of bitcoin and ether prices.
Leading crypto exchange Binance witnessed a significant outflow of Bitcoin (BTC) and Ethereum (ETH) on June 23, with investors pulling out over 4,000 BTC and 61,000 ETH in a single day. This shift comes amid easing geopolitical tensions and declining inflation, fuelling speculation about a renewed rally. Bitcoin Likely To Rally As Global Tensions Simmer According to a recent CryptoQuant Quicktake post by contributor Amr Taha, Bitcoin is likely to resume its upward trajectory, bolstered by a series of recent macroeconomic and geopolitical developments. The analyst highlighted multiple positive signals that could propel the top digital asset closer to its all-time high (ATH). Related Reading: Bitcoin Yearly Trend Suggests Cycle Top Near $205,000 By Year-End, Analyst Says One of the key developments was an announcement by US President Donald Trump, who stated that a ceasefire agreement had been reached between Israel and Iran. This deal removes the immediate threat of Iran closing the Strait of Hormuz, a vital chokepoint for global oil supply. The ceasefire had an immediate and positive effect on global equity markets, with the S&P 500 index surpassing 6,000 for the first time since February 2025. This recovery signals growing investor confidence as geopolitical risks subside. In addition, crude oil prices dropped by 14%, adding to the disinflationary narrative. Lower energy costs help reduce production and transportation expenses, thereby supporting a broader decline in inflationary pressures. Taha concluded: The convergence of significant crypto outflows from Binance, falling oil prices, a bullish breakout in US equities, and the reduction of Middle Eastern tensions presents a striking scenario. With the geopolitical overhang removed, inflation easing, and macro markets stabilizing, Bitcoin is now well-positioned to resume its upward trajectory. Meanwhile, Bitcoin whales – wallets holding large amounts of BTC – appear to be quietly accumulating in anticipation of a breakout. In another CryptoQuant post, contributor Mignolet noted that whale accumulation has been rising steadily since BTC bottomed in April. Mignolet pointed out that whale activity typically increases during periods of low market attention or heightened fear, often foreshadowing bullish reversals. Historical data supports this trend, showing that increased accumulation often precedes significant price surges. Bullish Quarter For BTC In an X post published today, seasoned crypto analyst Titan of Crypto stated that BTC is set to close a bullish monthly candle, reinforcing the long-term uptrend for the flagship cryptocurrency. Several other on-chain and technical indicators also suggest further upside potential. For example, Bitcoin Binary CDD shows that long-term holders are continuing to hold rather than sell, indicating strong conviction in BTC’s long-term value. Related Reading: Bitcoin Forming Inverse Head And Shoulders Pattern – Is $150,000 The Next Target? At the same time, the number of short positions is climbing as BTC consolidates between $100,000 and $110,000. This dynamic raises the probability of a short squeeze, potentially propelling Bitcoin to a new ATH. At press time, BTC trades at $105,408, up 5.2% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com
Crypto-based prediction markets are signaling that impeachment odds for US President Donald Trump remain low, despite a formal push in Congress. According to data from Polymarket, crypto bettors estimate that there is just a 6% chance that Trump will face impeachment proceedings in the US House of Representatives before the end of 2025. This marks […]
The post Polymarket data shows low chances of impeachment for President Donald Trump appeared first on CryptoSlate.
A group of US lawmakers, led by Senator Adam Schiff, introduced a new bill on June 23 to stop public officials, including the president, from using digital assets for personal gain. The Curbing Officials’ Income and Nondisclosure bill, also known as the COIN Act, aims to tighten ethical standards amid growing concern over crypto-linked financial […]
The post US lawmakers push COIN Act to block officials from profiting from crypto appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Sen. Adam Schiff introduced a bill seeking to bar top public officials and their family members from promoting or issuing crypto assets.
Kronos Research CIO Vincent Liu said traders are now watching macro signals to see whether this rally would last long-term.
As the Senate shifts from stablecoins to market structure, Trump's digital assets businesses remain in the spotlight, drawing a new bill from Senator Schiff.
Trump Media recently raised more than $2 billion from around 50 institutional investors to create a BTC treasury.
Global Bitcoin and Ethereum-based funds led with net inflows of $1.1 billion and $124 million respectively.
Based on close readings of World Liberty Financial's website disclosures, the family of President Donald Trump may have dropped out of its majority holding.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Sherman had accused TikTok's owners of effectively bribing President Trump in reference to its looming U.S. ban.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
DT Marks DeFi LLC is listed as a "related person" on World Liberty Financial along with President Donald Trump, his sons Eric and Donald Jr.
President Donald Trump, who has interests in the stablecoin USD1 via his involvement in World Liberty Financial, has called on the US House of Representatives to move quickly on the GENIUS Act, a new bill aimed at regulating stablecoins and boosting America’s role in the digital asset economy. In a June 19 post shared on […]
The post Donald Trump urges swift GENIUS Act passage to dominate digital asset space appeared first on CryptoSlate.
U.S. spot Bitcoin ETFs' recent net inflow streak has extended to eight days, totaling $2.4 billion, despite relatively subdued price action.
Trump said in a Truth Social post that the GENIUS Act is going to make America the 'undisputed leader' in digital assets.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Tracy Hoyos Lopez, acknowledged as someone who helped "orange-pill" President Trump, is advising the firm.
Despite the positive ETF flows, analysts remain cautious amid the latest price dip as geopolitical tensions continue.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
World Liberty Financial finished its latest round of token sales in March, raising over $550 million overall.
The U.S. President also holds up to $5 million in crypto, $500,000 in gold bars, stakes in various companies, and a vast real estate empire.
The firm has not said how much of the $2.3 billion in capital it raised from around 50 institutional investors will go towards BTC purchases.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The US Securities and Exchange Commission (SEC) is rolling back 14 proposed rules, including key measures that once targeted the crypto industry. The decision, announced on June 12, illustrates the shift in regulatory priorities as the agency distances itself from the aggressive stance adopted during the previous administration. The withdrawn proposals were introduced between March […]
The post SEC pulls back from crypto rules proposed under Gary Gensler administration appeared first on CryptoSlate.
Meanwhile, U.S. regulatory momentum is building, with stablecoin legislation advancing and a market structure bill in the works.
The U.S. president addressed an annual Coinbase event.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.