Author: John Smith

Invesco and Galaxy Digital have registered a trust in Delaware for a proposed Solana exchange-traded fund, marking one of the introductory steps toward launching a spot Solana exchange-traded fund in the United States. The registration, listed as “Invesco Galaxy Solana Trust,” does not guarantee a listing or approval but allows the firms to move forward with regulatory filings. The structure mirrors similar trusts filed by VanEck, 21Shares, Bitwise, and others in recent months, as asset managers seek to expand crypto exchange-traded fund offerings beyond Bitcoin and Ethereum. Delaware statutory trusts are commonly used for commodity and digital asset funds. The…

Analysts believe that Bitcoin will likely rebound after a notable drop due to geopolitical tensions in the Middle East. The threat of a regional war in the Middle East is escalating, and crypto markets are feeling the pressure. On Friday, June 13, Bitcoin (BTC) dropped nearly 5% to a daily low of $102,822, as Israel’s early-morning strike on Iran created risk-off sentiment in the market. While Bitcoin declined on rising tensions, crude oil surged as much as 14%, a typical trend during Middle East crises. Gold also climbed 1.74% to $3,438.36 per ounce. Still, analysts believe that crypto markets may…

XRP price retreated for the fourth consecutive day as the crypto market crash continued. Ripple (XRP) dropped to a low of $2.0715 on Friday, June 13, down 11% from its highest point this week and 36% below its peak earlier this year. The token declined even as the XRP Ledger network continued to grow following Circle’s expansion of USD Coin (USDC) to the network. Data on Circle’s website shows that the total supply of USDC on XRP Ledger has jumped to over $2 million since its incorporation. XRP price also dropped even as Ondo Finance (ONDO) expanded its tokenized treasuries…

SharpLink, a Nasdaq-listed firm now holds more ETH than any public company, staking 95% to generate passive yield for shareholders and boost Ethereum’s security. SharpLink Gaming announced on June 13 that it has acquired 176,270.69 Ether (ETH) tokens for $462,947,816, positioning itself as the second-largest ETH holder globally, just behind the Ethereum Foundation. The iGaming giant is also the largest publicly traded holder of ETH and has staked over 95% of its total holdings to generate yield while contributing to Ethereum’s network security. With this move, SharpLink is doubling down on ETH as the backbone of its treasury, making a…

Anthony Pompliano, one of crypto’s most recognizable names, is reportedly preparing to take the helm of a new public company with a singular mission: buying Bitcoin. Pompliano, known for his influential podcast and massive following on X, is expected to become CEO of ProCapBTC, a new entity planning to raise $750 million to purchase Bitcoin (BTC) directly.  The company aims to go public through a merger with Columbus Circle Capital 1, a special purpose acquisition company backed by investment firm Cohen & Company, according to Financial Times reporting.  The deal would mark one of the largest recent crypto-focused capital raises,…

Smarter Web Company expands its Bitcoin holdings, as more global firms turn to BTC Corporate interest in Bitcoin (BTC) is reaching new highs, as more companies expand their holdings. On Friday, June 13, U.K.-based Smarter Web Company announced an additional purchase of 74,27 Bitcoin. The purchase, worth about $7.7 million, brings the company’s reserves to 242.34 BTC, worth approximately $25 million. The latest transaction was made at an average purchase price of $109,256 per BTC. The overall average purchase price for its reserves stands at $107,002. The purchase is part of the company’s “10-year plan,” which involves ongoing purchases of…

Bitcoin and altcoins plunged Thursday and into Friday, continuing a trend that has been unfolding over the past few days. Most altcoins were in the red, with the market capitalization of all cryptocurrencies excluding Bitcoin (BTC), Ethereum (ETH), and stablecoins dropping to $580 billion, the lowest level since June 5.  Nansen data shows that some smart money investors are using the ongoing crypto crash as an opportunity to buy. Smart money refers to individuals and institutions with a long track record of success in the crypto industry. In most cases, these investors buy when tokens crash and short when they…

The broader crypto market faced a sharp jolt earlier today as geopolitical tensions between Israel and Iran triggered a wave of sell-offs. Among the tokens hit was Hyperliquid’s HYPE, which saw a steep intraday decline. However, the token is now showing signs of recovery. Trading at $39.63 at press time, HYPE (HYPE) is gradually rebounding from the sharp drop it suffered earlier. The token had recently climbed above $43, setting a new all-time high after several days of strong upward momentum. However, it quickly tumbled to $37, marking a 14.2% pullback within hours. $HYPE’s price chart | Source: crypto.news HYPE’s…

Bitcoin’s sharp sell-off this week has sparked concerns across the market, with many pointing to escalating tensions between Israel and Iran as the primary catalyst. While macro headlines triggered panic selling, the charts had already laid out the roadmap. A bearish shark harmonic pattern, coupled with a breakdown from key volume levels, suggested that a corrective move was highly probable. Notably, Bitcoin (BTC) was consolidating near the value area high earlier this week when tensions in the Middle East began escalating. As news of a military confrontation between Israel and Iran broke, global risk sentiment weakened, leading to widespread liquidation…

Crypto laundering network Huione continues to operate at scale, with its transaction volumes increasing even after FinCEN had designated it a primary money laundering concern. Despite reports of its shutdown and removal of its website and Telegram channels, the Chinese-language crypto laundering platform Huione continues to operate at scale. According to Chaianalysis data, Huione’s transaction volumes have increased even after the May 1 announcement by FinCEN designating it as a primary money laundering concern under the USA PATRIOT Act. Source: Chainalysis This marks FinCEN’s second use of Sections 311 and 9714 against crypto-related illicit finance, after targeting the Bitzlato exchange.…