Key Takeaways: XRP Ledger’s EVM sidechain is live on testnet, with a mainnet launch expected in Q2. The sidechain brings Ethereum smart contract compatibility to XRPL using wrapped XRP as gas. XRPL also expanded its stablecoin ecosystem with EURØP and USDB to strengthen regional adoption. The XRP Ledger is preparing to roll out an Ethereum…
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Michael Saylor Says Crypto Winter Isn’t Coming — $1M BTC Price Forecast Back on the Table
Key Takeaways: Michael Saylor reaffirms his $1M BTC outlook, dismissing any return of a crypto winter. With only 450 BTC mined daily, Saylor warns that $50M in buying pressure can drive prices sharply higher. Institutions, ETFs, and governments are accelerating Bitcoin accumulation. Michael Saylor, Executive Chairman of Strategy, has dismissed speculation that a new crypto…
Connecticut Passes Bill to Ban State Investment in Bitcoin – Here’s What to Know
The US state of Connecticut has passed a law that prohibits the state from investing in digital assets. The new legislation has also barred the state government from creating a strategic Bitcoin reserve. The bill, H.B. 7082, published by the Connecticut General Assembly on Tuesday, was anonymously approved by both the state House of Representatives…
GameStop Bought 4,710 Bitcoin in 5 Weeks — What Does the Retailer Stand to Gain?
GameStop, the video game retailer once at the center of a meme stock frenzy, has disclosed a $515m Bitcoin purchase, deepening its pivot toward digital assets at a time when its core retail operations continue to struggle. Between May 3 and June 10, the company acquired 4,710 Bitcoin in cash, a move that follows a…
Czech Republic Appoints New Minister Following $45M Bitcoin Scandal
Czech Republic Prime Minister Petr Fiala on Tuesday appointed Eva Decroix as the country’s new justice minister, replacing Pavel Blažek after a weeks-long controversy over a $45m Bitcoin donation from a convicted criminal. The move follows a growing political storm surrounding Blažek, who accepted a Bitcoin payment on behalf of the state from Tomáš Jirčovský,…
Solana ETF Approval Next Month? SEC Asks Issuers to File S-1s by Mid-June
The US SEC has requested spot Solana ETF (exchange-traded fund) issuers to update their S-1 filings by June, Blockworks reported, quoting unnamed sources. Notably, the SEC has asked prospective issuers to clarify procedures for in-kind redemption. The regulator is reportedly open to allowing staking as part of these products. Additionally, the sources noted that the…
Peter Thiel-Backed Bullish Files for US IPO to Capitalize on Crypto Market Upswing
Bullish, the crypto exchange backed by billionaire investor Peter Thiel, has confidentially filed for a US initial public offering, aiming to capitalize on growing investor appetite for digital assets in an increasingly favorable political climate. The Financial Times reported Wednesday that the company recently submitted paperwork to the Securities and Exchange Commission. By using the…
Elliott Wave Insight: Dow Futures (YM) Set to Wrap Up Wave 3 Soon
Since reaching its low on April 7, 2025, Dow Futures (YM) has shown signs of recovery. The Index has initiated a rally that requires further development to confirm whether the April 7 low will hold as a significant bottom. To establish this, the Index needs to either achieve a new all-time high or complete a…
Bitcoin Price Prediction: $200K Target in Sight Amid Trump & Japan Tailwinds
A new political player has entered the crypto stage. American Bitcoin (ABTC), backed by Donald Trump Jr. and Eric Trump, has quietly accumulated over 215 BTC, valued at $23 million, since its launch on April 1. As revealed in a recent SEC filing dated June 6, ABTC isn’t just a mining company; it’s a Bitcoin…
Russia Set to Fine, Confiscate Coins from Illegal Crypto Miners
Illegal crypto miners operating in Russia could lose their coins and face heavy fines under new rules formulated by the nation’s Ministry of Digital Development, Communications, and Mass Media. Per a report from Forbes Russia, the ministry says its proposal is currently undergoing interdepartmental review. However, if the plans are adopted as-is, Russian law agencies…