Cryptocurrency - Page 37 of 151

Tether Could Be the 19th Largest Company Globally With $515B Valuation—but It’s Staying Private

If Tether followed in the footsteps of Circle and went public today, its estimated valuation of $515 billion would rank it as the 19th largest company in the world—ahead of giants like Samsung and Nestlé. But despite this astronomical figure, it has no plans to go public.

Jon Ma, a crypto investor and analyst, recently posted a chart on X showing updated global company market caps and added Tether into the mix. “Tether would be the 19th largest company in the world at $515B,” he said, drawing comparisons between it and Circle.

Circle, the stablecoin issuer behind USDC, recently went public with a valuation of around $30 billion and is projected to earn $410 billion in EBITDA by 2025. In contrast, it is expected to generate $13 billion in net profits this year—suggesting that the $515 billion valuation, while ambitious, reflects its growing dominance.

Tether CTO Paolo Ardoino called the $515B estimate a “beautiful number” and even hinted that it might be “bearish” due to the company’s expanding reserves in Bitcoin and gold. When asked why Tether wouldn’t go public, he responded simply: “No need to go public.”

With Gemini also preparing for an IPO, the stablecoin and crypto financial services space is heating up. Yet their choice to stay private shows that dominance doesn’t always require Wall Street approval.

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Breaking !Charles Hoskinson Declares Cardano Is Leading the Bitcoin DeFi Revolution

In a bold statement, Cardano founder Charles Hoskinson claimed that Cardano stands “at the nexus” of the next big DeFi wave—Bitcoin DeFi. While DeFi has flourished on Ethereum and Solana, Hoskinson believes Bitcoin’s massive untapped market is the real prize. He referred to Bitcoin as a “sleeping monstrosity,” suggesting its DeFi potential dwarfs that of Solana, which currently has over $111B in TVL.

Hoskinson wants it to unlock this potential and take the lead in the emerging Bitcoin DeFi space. He shared his 2025 goals on X, listing three focus areas: expanding Bitcoin DeFi, improving scalability via the Ouroboros Leios protocol, and strengthening its connectivity to other blockchain projects like Chainlink.

Currently, Ethereum leads with $61.2B in DeFi TVL, according to DefiLlama, but Hoskinson believes Bitcoin’s future in DeFi could eclipse all. If successful, Cardano may position itself as a foundational layer for Bitcoin-native decentralized finance.

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3 Awesome Catalysts Driving Ethereum Above $2,500 Today

Ethereum Price Today: June 8, 2025

As of today, Ethereum (ETH) is trading around $2,512.58, marking a modest 0.07% increase from the previous close. Intraday prices have ranged between $2,496.17 and $2,540.72, reflecting a tight consolidation pattern as market participants await clearer direction.

1. Institutional ETF Inflows Fuel Price Momentum

Ethereum is seeing significant institutional interest, with ETF inflows totaling around $286 million last week—part of six consecutive weeks of sustained investment. This has not only driven demand but also helped reduce on-exchange supply, supporting ETH’s current price plateau above $2,500.

2. Technical Breakout Signals Point to Bullish Path

Technically, ETH has completed a bullish reversal, consolidating above key EMAs (20/50/100/200) and breaking out of a downward trend line. On-chain indicators confirm strong support zones—around $2,400—reducing immediate downside risk. A breakout above $2,700 could spark a run toward the $3,000–$3,150 resistance range.

3. Network Upgrades & Macro Market Dynamics

Ethereum’s upcoming “Pectra” hard fork, slated for mid-2025, introduces key enhancements like blob support and validator flexibility, boosting developer sentiment and staking activity. Meanwhile, macroeconomic volatility—especially U.S. equity dips—have bolstered ETH’s appeal as a counter-cyclical asset. Notably, BlackRock purchased $77 million in ETH recently, indicating broader institutional rotation from equities.

Outlook: Bullish But Cautious

With strong institutional ETF inflows, positive technical setups, and upcoming network upgrades, Ethereum is well-positioned to test resistance around $2,700–$2,925. A sustained breakout could pave the way to $3,000+. However, investors should monitor macro trends and ETF flow dynamics, as those could drive short-term volatility.

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Bitcoin: 3 Surprising Twists Behind Today’s Bitcoin Price Shift

Bitcoin Price Today: June 8, 2025

As of today, BTC is trading around $105,725, up slightly by 0.07% from yesterday. The intraday range spans from a low of $105,110 to a high of $105,904, showing modest movement compared to recent volatility.

1. Institutional Inflows & ETF Momentum

Institutional interest remains strong: large inflows into spot BTC ETFs continue to buoy price action. For example, BlackRock’s IBIT fund amassed over $57 billion in assets by February 2024, and similar momentum is now rippling through Europe’s pending Bitcoin ETP launches. Moreover, Sygnum Bank reports that Bitcoin’s liquid supply on exchanges has shrunk by ~30% in the past 18 months, tightening supply as institutional demand intensifies.

2. Technical Patterns Signal Consolidation

Technical analysts note Bitcoin is hovering near the lower band of its 4-hour chart after a strong rally from $90K to $112K. This zone, between $103K–$112K, acts as a critical support-resistance pivot. A bounce from here could set up a run toward $118K, while a breakdown might push price down toward $97K.

3. Macro Outlook & Policy Watch

A calmer backdrop in macroeconomic news—specifically weaker-than-expected U.S. labor data—has hinted at potential Fed rate easing. That, combined with momentum from political developments like the Strategic Bitcoin Reserve executive order signed in March, supports a cautiously bullish narrative.

What’s Next ?

With institutions continuing to pile in, dwindling on‑exchange supply, and strategic support zones holding firm, Bitcoin looks set to stay range‑bound near $105K–$112K. A sustained close above $112K could trigger a fresh wave toward $118K, while a drop below $103K may test deeper support near $97K.

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Know Labs to Sell Controlling Stake for 1,000 Bitcoin and $15M Cash — Greg Kidd to Take Over as CEO

Know Labs Sells Control to Greg Kidd’s Firm in $15M + 1,000 BTC Deal

Know Labs, Inc., a health-tech company focused on non-invasive monitoring, has announced a groundbreaking deal to sell a controlling interest to Goldeneye 1995 LLC, an affiliate of fintech investor Greg Kidd. The $128 million deal includes 1,000 Bitcoin and between $12 to $15 million in cash and is expected to close in Q3 2025.

The proceeds will help Know Labs repay debts, repurchase preferred stock, and fund operations. Shares will be sold at $0.335—below the current trading price of $0.51—with the total number of shares based on the value of BTC and cash divided by the share price.

Greg Kidd, former Chief Risk Officer at Ripple and early investor in Coinbase and Twitter, will become CEO and Chairman. His Bitcoin yield strategy will now go public through Know Labs, with BTC becoming the primary asset—82% of the company’s estimated market cap.

Founder Ron Erickson becomes Vice Chairman and head of a new R&D division. His salary drops to $375,000. Peter Conley will exit after the deal closes.

About 37% of shareholders already support the transaction. Cohen & Company Capital Markets is advising, with legal help from Lowenstein Sandler LLP and Sichenzia Ross Ference Carmel LLP.

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Bitcoin at $103K: Will It Break $106K or Crash to $90K? Bollinger Bands Signal Big Move

Bitcoin Stuck at $103K – Is a Major Move to $106K or $90K Coming?

Bitcoin (BTC) is at a decisive level, currently trading around $103,600. Technical indicators are showing a tightening range, pointing to either a breakout toward $106K or a possible dip to $90K.

The 4-hour chart on TradingView shows BTC holding support, while Bollinger Bands are narrowing — a typical sign of a sideways phase before a volatile move. Currently, BTC is near the lower band, hinting at short-term oversold conditions. However, bulls haven’t pushed past the mid-band, suggesting hesitation.

The daily chart reflects similar uncertainty, with key resistance at $106,000. A clear break above could trigger fresh bullish momentum. But if Bitcoin fails to break out soon, bears may drag it down toward the $90,000 support zone.

Adding weight to the bearish outlook, John Bollinger recently pointed out a “Three Pushes to a High” pattern, suggesting the rally might be over.

With over $1 billion in recent liquidations and market sentiment mixed due to macro uncertainty, traders are on edge, watching for its next big move.

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Shiba Inu Slides 6% as Whale Moves $36M: 3 Reasons Behind the Di

Shiba Inu Price Update: June 6, 2025

As of June 6, 2025, Shiba Inu (SHIB) is trading at approximately $0.00001273, reflecting a 6% decline over the past 24 hours. The cryptocurrency experienced an intraday high of $0.00001281 and a low of $0.00001196, indicating significant volatility in the market. This downturn is part of a broader trend affecting major cryptocurrencies, with the global market cap dipping to $3.21 trillion.

Whale Activity and Market Dynamics

A significant factor in today’s price movement is the transfer of 2.87 trillion SHIB tokens, valued at approximately $36 million, by a large holder, often referred to as a “whale.” While such transactions can indicate potential sell-offs, in this case, the transfer was identified as moving assets to market maker custody, not an immediate sale. Nonetheless, such large movements can influence market sentiment and contribute to price volatility.

Historical June Performance

Historically, June has been a challenging month for Shiba Inu. In June 2024, SHIB experienced a 32.3% decline, and similar patterns have been observed in previous years. This historical trend may contribute to current investor caution and market behavior.

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Breaking ! Dogecoin Dips 7% Amid Musk-Trump Feud: 3 Key Factors Behind the Slide

Dogecoin Price Update: June 6, 2025

As of June 6, 2025, Dogecoin (DOGE) is trading at approximately $0.181, reflecting a 7% decline over the past 24 hours. The cryptocurrency experienced an intraday high of $0.189 and a low of $0.169, indicating significant volatility in the market. This downturn is part of a broader trend affecting major cryptocurrencies, with the global market cap dipping to $3.21 trillion.

Market Volatility and Economic Indicators

The recent fluctuations in Dogecoin’s price can be attributed to several factors. Notably, the escalating public feud between Elon Musk and President Trump has introduced uncertainty into the market. This tension has led to a decline in investor confidence, contributing to the current market instability.

Whale Activity and Market Dynamics

Large transactions by institutional investors, often referred to as “whales,” have also played a role in the recent price movements. These substantial trades can significantly impact market dynamics, leading to rapid price changes. Additionally, the broader cryptocurrency market has seen a decline of approximately 2.3% in the past 24 hours, with the total market capitalization now at $3.21 trillion.

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Bitcoin Dips Below $105K: 3 Key Reasons Behind Today’s Price Drop

Bitcoin Price Today: June 6, 2025

As of June 6, 2025, Bitcoin (BTC) is trading at approximately $104,539, reflecting a slight increase of 0.26% from the previous close. The cryptocurrency experienced an intraday low of $100,781 and a high of $104,737, indicating significant volatility in the market.

Market Volatility and Economic Indicators

The recent fluctuations in Bitcoin’s price can be attributed to several factors. Notably, a head-and-shoulders pattern observed in the hourly charts signaled a potential bearish trend, leading to a price drop earlier in the day. Additionally, market analysts suggest that the upcoming U.S. jobs data release has investors on edge, contributing to the current market uncertainty.

Institutional Movements and Market Sentiment

Large transactions by institutional investors, often referred to as “whales,” have also played a role in the recent price movements. These substantial trades can significantly impact market dynamics, leading to rapid price changes. Furthermore, the broader cryptocurrency market has seen a decline of approximately 2.3% in the past 24 hours, with the total market capitalization now at $3.21 trillion.

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XRP Whale Moves $59M to Coinbase Ahead of Ripple-SEC Deadline

A significant transfer of 26.6 million XRP tokens, valued at nearly $59 million, was made to Coinbase on June 5, 2025, as reported by Whale Alert . This move comes just days before the June 16 deadline in the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC).

The timing of this large transfer has raised speculation within the crypto community. Historically, substantial transfers to exchanges like Coinbase often precede sell-offs, potentially leading to price declines. Given the proximity to the legal deadline, some analysts suggest the whale might be anticipating unfavorable outcomes or extended proceedings in the Ripple-SEC case.

The SEC is required to submit a status report to the Appeals Court by June 16, marking the end of a 60-day pause granted for settlement discussions . Failure to reach a settlement could result in the case proceeding with appeals and cross-appeals, further prolonging the legal uncertainty surrounding XRP.

At the time of writing, XRP’s price has dipped approximately 3%, trading around $2.19. The market remains watchful as the deadline approaches, with potential implications for XRP’s valuation and the broader crypto landscape.

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