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This week, the crypto world saw major shifts, including a high-profile breakup between Trump and Musk, a Spanish coffee chain investing heavily in Bitcoin, and Gemini's IPO filing. Meanwhile, altcoins continue their prolonged bear market.
TRUMP meme coin gains 7% following a partnership announcement with World Liberty Financial, but ethical concerns and regulatory uncertainty cloud the deal. Critics warn of possible manipulation and insider trading, raising red flags over its legitimacy.
HBAR’s price faces significant pressure, with technical indicators pointing to further declines. Watch the $0.172 resistance and $0.163 support for potential price shifts.
Trump’s revived push to replace Jerome Powell as Fed Chair creates market uncertainty, potentially propelling Bitcoin toward $105,000. If successful, it could ignite altcoin rallies as rate cuts boost liquidity and market sentiment.
Solana's recent recovery is at risk due to increasing selling pressure and bearish technical indicators. The $154 resistance will be key for any short-term rally.
Mask Network (MASK) suffers a sharp price drop following the public fallout between Trump and Musk. Retail traders, driven by meme speculation, are fleeing the market, creating volatility despite MASK's solid fundamentals.
- 05:02SkyBridge Capital Founder: Year-End Bitcoin Price Target Remains at $180,000 to $200,000According to ChainCatcher, Anthony Scaramucci, founder and CEO of SkyBridge Capital, stated in an interview with CNBC that despite the recent market correction, he still maintains his year-end price target for Bitcoin at between $180,000 and $200,000. Scaramucci pointed out that the market is currently in a consolidation phase, with institutional investors entering at an accelerated pace. Compared to three years ago, when conferences were dominated by retail investors, there are now more institutional participants. He believes that short-term market fluctuations are caused by some large investors selling off, but the medium-term outlook remains optimistic as demand continues to outpace supply. He added that both he and his firm SkyBridge hold a significant amount of Bitcoin, emphasizing that Bitcoin’s limited supply and institutional allocation demand are the core drivers behind its price increase.
- 04:42Bank of America: Stablecoins’ Disruptive Application Lies in Cross-Border P2P Payments, Potentially Driving Annual Demand for up to $75 Billion in US TreasuriesAccording to a report by Jinse Finance, Bank of America’s latest research paper provides an in-depth analysis of the transformative potential of stablecoins within the financial system, noting that while these digital assets face regulatory controversies, they have already demonstrated unique advantages in areas such as cross-border transactions and retail settlements. The report highlights that cross-border peer-to-peer (P2P) payments represent the most disruptive application scenario for stablecoins—compared to traditional banking systems, they offer significant advantages in settlement efficiency and cost, and may become a vital channel for capital flows in emerging markets. Notably, Shopify’s move to allow merchants to accept USDC stablecoin is seen as a landmark event for retail adoption, while the recent on-chain repurchase transaction of tokenized U.S. Treasury bonds (UST) further underscores institutional investors’ recognition of stablecoins’ settlement capabilities. On the demand side, Bank of America estimates that over the next 12 months, the potential demand for U.S. Treasuries from stablecoins could reach $25 billion to $75 billion, though this is unlikely to alter the overall supply-demand dynamics of the Treasury market in the short term.
- 04:32Radiant Capital hacker purchased 2,109 ETH at an average price of $4,096 one hour agoForesight News reports, according to monitoring by Lookonchain, the Radiant Capital hacker is buying ETH at low prices. An hour ago, the hacker spent 8.64 million DAI to purchase 2,109.54 ETH at a price of $4,096 per ETH (UTC+8).