Author: Anmol Khatiwada

Ethereum bulls might have a reason to celebrate soon—ConsenSys, the blockchain company founded by Joseph Lubin, appears to be on a full-on Ethereum buying spree.

On June 24, Lookonchain reported that a wallet likely linked to ConsenSys scooped up another 3,704 ETH (worth $8.91M) via Galaxy Digital’s OTC desk. In total, the same wallet—0xCd9…F5F75—has purchased 161,112 ETH over the past three weeks, totaling a staggering $422 million in ETH buys.

While the identity behind the wallet isn’t confirmed, analysts are connecting the dots. Arkham Intelligence shows that ETH is frequently transferred to 0x0b2…83E57, a wallet holding over $187 million in Liquid Staked ETH (LsETH).

This isn’t a one-off event. Recently, ConsenSys was also reported to have acquired 108,278 ETH worth $320 million, further suggesting a massive long-term bet on Ethereum.

And it’s not just them.

Whales have been buying the dip aggressively. One whale withdrew 28,000 ETH ($67M) from Binance, signaling long-term holding intent. Clearly, institutions and crypto elites are stacking up.

So what does this mean for ETH’s price?

Currently, ETH is trading at $2,419, up 7% in 24 hours, with a daily low of $2,191 and a high of $2,446. Trading volume is also up 10%, hinting at growing trader interest. On the charts, ETH still needs to flip $2,500 to gain momentum.

RSI is climbing (now around 46), and analysts say a “golden cross” might form in July—possibly triggering the next bull move. Michael van de Poppe thinks reclaiming 0.023 on the ETH/BTC chart could supercharge the rally.

For now, ETH looks to be consolidating in the $2,500–$2,750 range. But if this institutional accumulation keeps up, $3,000 might not be so far away.

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Circle Internet Group Inc., the company behind USDC, is making serious Wall Street waves. Since its IPO on June 5 at $31, its stock has exploded nearly 750%, closing at $263.45 before a recent dip. While that 17% drop might concern some, the rally has put Circle front and center in the digital finance revolution.

This insane growth happened alongside the U.S. Senate’s approval of the GENUIS Act, a new bill setting stablecoin rules—something both the crypto world and former President Donald Trump are backing. Trump’s rumored ties to World Liberty Financial, a $2 billion stablecoin firm, have only added fuel to the hype.

Meanwhile, giants like Fiserv are launching their own digital dollar, FIUSD, in collaboration with Circle and Paxos. Even Mastercard is getting involved, partnering with Fiserv to power stablecoin payments. Insiders say Walmart and Amazon may soon follow with their own coins.

But not everyone’s convinced.

Analysts like Trevor Williams from Jefferies warn stablecoins aren’t real payment threats to Visa or Mastercard. He argues most Americans will stick with credit cards for rewards and ease. Others highlight risks like Circle’s high price-to-earnings ratio (180 vs. 22 S&P average) and its low free float (25%), which makes the stock more volatile.

Still, Circle isn’t slowing down. The company is building cross-border payment systems and teaming up with Shopify to accept USDC globally.

In short, stablecoins are no longer just hype—they’re knocking on the doors of mainstream finance. Whether the trend holds or crashes depends on regulation, user trust, and how fast traditional players adapt.

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Social media exploded this week over a viral claim that Elon Musk was allegedly planning to buy $50 billion worth of XRP, Ripple’s native cryptocurrency. The post, made by an X (formerly Twitter) user named CryptoGeek, quickly gained traction among XRP supporters, known online as the #XRPArmy.

“Elon Musk OFFERS to BUY XRP for $50 BILLION!! $600.37 per token,”
read the original post by CryptoGeek, sparking wild speculation across crypto circles.

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🤖 Fact-Check: It’s Fake

However, the rumor has been debunked.

Perplexity AI, an AI fact-checking assistant, weighed in on the viral story:

“That claim about Elon Musk offering to buy it for $50 billion doesn’t appear to be true. Fact-checking sources have confirmed this is a false rumor… with no official announcement from Elon Musk, Ripple, or X.”

There is no evidence, no screenshots, and no archived tweet confirming the rumor. The alleged post by Musk saying “#XRP is looking quite promising” also appears to be fabricated, as even the original poster, CryptoGeek, couldn’t provide any proof.

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🚫 No Musk + No Ripple = No Deal

While Elon Musk is known for shaking up the crypto world—especially with Dogecoin—he has never publicly endorsed it . Nor has Ripple, the company behind the token, announced any partnership or discussion involving Musk or his companies.

Analysts and credible AI platforms are urging the community to stay vigilant and fact-check hype-driven claims, especially ones based solely on social media buzz.

“Until Musk or Ripple officially confirms involvement, this story remains nothing more than unsubstantiated speculation,” said Perplexity AI.

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🔍 What to Watch

• Always fact-check crypto rumors before acting on them.
• Musk has a history of promoting Dogecoin, not XRP.
• No credible evidence = No legitimacy to the $50B buy claim.

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TLDR: Elon Musk isn’t buying $50B in XRP. There’s no tweet, no deal, no proof—just hype and hashtags. Stay sharp.

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🌀 Alternate Article Version (Gen Z / Social-First)

Title:
No Cap: Elon Musk Isn’t Buying $50B in XRP—It’s All Hype

Meta Description:
X is wildin’. No, Elon isn’t dropping $50B on XRP or pushing it to $600. That viral tweet? Cap. No receipts, no screenshots, no proof.

Permalink:
/elon-musk-xrp-rumor-exposed-fake-crypto-tweet

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Post Body:

Crypto Twitter went feral after an X user, CryptoGeek, claimed Elon Musk was about to buy $50B in XRP, pushing it to a mythical $600.37 per coin.

But let’s get real—it’s all cap.
🚫 No tweet.
🚫 No screenshot.
🚫 No receipts.

Perplexity AI already fact-checked it and said it’s totally false. Even the “Musk tweeted and deleted in 20 seconds” angle? Still no proof. Nada.

Musk’s only real crypto crush is Dogecoin, and Ripple hasn’t said a word about working with him. So if you’re aping in based on vibes—reconsider.

TLDR: The internet got played. Again. Stay skeptical, not broke.

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In a bold and unprecedented move, Cardone Capital, the real estate investment firm founded by entrepreneur Grant Cardone, has acquired 1,000 Bitcoin (BTC), becoming the first major real estate firm to fully integrate BTC into its business model.

According to a public statement from Grant Cardone, the firm currently owns over 14,200 rental units and 500,000 square feet of top-rated commercial office space. Now, with this massive Bitcoin buy-in, the Capital is marrying what Cardone calls two “best-in-class” assets: real estate and Bitcoin.

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🔥 $100M in BTC… And Counting

With BTC currently trading at around $102,000, Cardone Capital’s 1,000 BTC position is worth over $100 million. And this is just the beginning. The firm plans to buy an additional 3,000 BTC, which would bring its total holdings to over $400 million, assuming stable market prices.

Additionally, the company announced ambitions to expand its real estate portfolio by another 5,000 rental units before the end of 2025, positioning itself as a hybrid asset titan.

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💬 Industry Buzz: Michael Saylor Congratulates

The announcement didn’t go unnoticed in crypto circles. Michael Saylor, founder of MicroStrategy and one of the biggest Bitcoin advocates in the corporate world, congratulated it on X (formerly Twitter) with:

“Congratulations on acquiring 1000 BTC.”

Saylor’s endorsement echoes a growing trend of institutional Bitcoin adoption, following in the footsteps of Tesla, MicroStrategy, and other corporate giants.

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🧠 Real Estate Meets Crypto: A New Investor Class?

Cardone Capital’s move could unlock a new wave of hybrid investors—those who see both the stability of real estate and the asymmetric upside of Bitcoin as attractive. Traditionally seen as being on opposite ends of the risk spectrum, combining both assets might represent a modern approach to diversified, high-performance portfolios.

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📌 What’s Next

• Watch for Cardone Capital’s next BTC buy—3,000 BTC could trigger fresh market movement.
• Real estate-backed BTC strategies may inspire other asset managers to enter the space.
• Institutional adoption continues to gain momentum as Bitcoin flirts with the $100K range.

You might also like: Crypto Crash Alert: BTC Nears $100K, Ethereum and Altcoins Bleed Amid Global Tensions

Parataxis Buys Biotech Firm to Build Korea’s First Public Bitcoin Treasury Company

Parataxis Holdings LLC is making bold moves in the digital asset world by investing KRW 25 billion ($18.2M) to take control of Bridge Biotherapeutics, a publicly traded biotech firm in South Korea.

The plan? Transform the company into “Parataxis Korea,” South Korea’s first publicly listed Bitcoin treasury firm. The move marks a major shift from biotech to Bitcoin and signals the rising institutional interest in BTC as a reserve asset.

Edward Chin, CEO of Parataxis Holdings, will join the board, while partner Andrew Kim will step in as CEO. Bridge’s biotech division will still be active, led by co-founder James Jungkue Lee.

With the shareholder vote scheduled for August 2025, this transformation could set a new standard for Bitcoin integration in public markets across Asia.

“We’re building Korea’s first institutional BTC treasury platform. This isn’t just a company shift—it’s a signal to the market,” said Chin.

Legal support comes from Shin & Kim LLC, with Deloitte as financial advisor. Parataxis continues to expand its Bitcoin-focused investment funds as part of this long-term strategy.

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