Bitcoinsistemi

DeFi Development Corp forms strategic partnership with meme coin **BONK** in the Solana ecosystem, leading to a surge in stock prices. The company increases its SOL holdings aiming to boost validator operations and shareholder value.

Bitcoin recently attempted to surpass $105,000 but faced rejection. Analysts warn of potential delays in the upward momentum without a significant catalyst. Attention is drawn to the $98,000-$100,000 support range to watch for potential bull traps.

Ethereum has seen significant price increase, potentially due to short positions closing instead of new institutional demand. Further rise might rely on influx of new long positions and ETF entries.

Glassnode's analysis shows **Bitcoin** continues to trade comfortably above $100,000 with support from ongoing institutional demand and a resilient "buy the dip" mindset among investors. Analysts believe that Bitcoin's momentum above $100K is sustained by institutional inflows, particularly following increased demand for spot Bitcoin ETFs. Despite potential short-term fluctuations, analysts maintain a cautiously optimistic outlook for Bitcoin backed by strong institutional flows and solid technical support levels.

"The Economist criticizes the cryptocurrency sector as the 'ultimate swamp asset,' accusing it of moving away from decentralization ideals towards political profiteering in the context of US politics."

BTC recently surged above $105,000 but dropped back around $106,000. Analysts at Matrixport predict BTC reaching new all-time highs this summer due to positive macroeconomic conditions and potential Trump-related developments. Increased corporate investment in BTC and upcoming FTX payments could further boost its price. Matrixport anticipates BTC maintaining its upward trend and hitting a new ATH by July.

Critical development in the long-standing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) as Judge Analisa Torres rejects the proposed settlement. Analysts suggest a tough stance, pushing for a substantive resolution rather than an easy settlement. Ripple and SEC may reassess the situation, potentially leading to a shift in the legal narrative. Further analysis and evaluation are underway to determine the next steps.

Ethereum has shown remarkable performance by surging from $1,800 to $2,600 recently. Additionally, its on-chain stablecoin volume hit an all-time high of $908 billion, indicating increasing popularity in financial applications, especially led by USD Coin. Despite competition from alternative chains, Ethereum remains the predominant choice for stablecoin transactions, highlighting its continued dominance in the digital asset blockchain space.

Brazilian fintech company **Méliuz** became the first publicly traded company in Brazil to adopt a Bitcoin treasury strategy by purchasing 274.52 **BTC** for $28.4 million with shareholder approval. This move marks a significant milestone in corporate crypto adoption in Latin America.

The court rejected the $50 million settlement offer between Ripple and SEC, raising concerns about XRP's legal status. Despite this, Ripple and SEC remain in agreement to resolve the matter through court.

Consensus 2025 in Toronto brings together key figures in the crypto industry. Ethereum co-founder Anthony Di Iorio sees Ethereum as an alternative rather than a direct competitor to Bitcoin, believing it has the potential to surpass Bitcoin in market value.

Basel Medical Group (BMGL) announced starting private discussions for a $1 billion Bitcoin purchase on Nasdaq, aiming to strengthen its balance sheet and support expansion plans in Asia's high-growth healthcare market. CEO Dr. Darren Chhoa emphasized the financial transformation would enhance their growth strategy in Asia significantly.

Eric Trump emphasizes widespread global interest in Bitcoin, noting a competitive landscape in both accumulation and mining. He asserts American Bitcoin's plans to rival MicroStrategy in mining BTC at lower costs.

Mubadala reported owning 8,726,972 shares of iShares Bitcoin Trust worth $408.5 million. This marks a significant increase from the previous quarter. Other entities like Avenir Group and DDC have also made notable moves in the crypto space.

DDC Enterprise, announcing plans to purchase 5,000 Bitcoins by 2025 as part of its strategic growth initiatives, aiming to create a "Strategic Bitcoin Reserve" in line with its long-term value creation strategy.

The GENIUS bill proposed in the US Congress introduces significant restrictions in the stablecoin market to protect investors and prevent government involvement in stablecoin projects. It prohibits using terms like "United States" in stablecoin names and sets guidelines for tech giants wanting to issue stablecoins. The bill also includes measures to protect investors and expands ethical rules for government-affiliated individuals.