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  • Bitcoin options market signals ‘summer slowdown’: Glassnode

    Bitcoin options market signals ‘summer slowdown’: Glassnode

    Bitcoin Price Outlook

    • Bitcoin has experienced a significant drop in spot and futures volumes, which signals a potential summer lull.
    • Low volatility and thinning liquidity could see a consolidation phase with a potential pullback to $100,000.
    • A resurgence in trading volume could push BTC above $110k and its ATH.

    Bitcoin (BTC) continues to hover near the psychological $110,000 level as well as its all-time high, but market analysts are pointing to a potential summer slowdown.

    According to blockchain data provider Glassnode, trading volumes are experiencing a significant decline, raising questions about the cryptocurrency’s short-term trajectory.

    With spot volume dropping to $5.02 billion and futures volume falling to $31.2 billion, both the lowest in over a year, the stage appears set for a period of reduced market activity.

    BTC options markets suggest a slowdown

    Glassnode’s recent market outlook highlights a trend in the Bitcoin options market where implied volatility across all expiries (ranging from one week to six months) is approaching all-time lows.

    The analytics platform says the levels seen today are back to those seen in mid-2023.

    Reduced volatility suggests that traders are anticipating less price movement in the near term, a common occurrence during the summer months when market participants often take holidays and trading activity wanes.

    Notably, data shows a contrast between Bitcoin’s price, which has steadily climbed toward $110,000, and the diminishing spot and futures volumes.

    The volumes appear to have peaked and point to a downturn, with the divergence indicating thinning liquidity.

    The options market’s low volatility pricing reflects a cautious outlook, potentially signaling a consolidation phase as the market digests recent gains.

    Bitcoin price prediction

    A lull is further contextualized by historical patterns, and traders could be looking for profits after significant rallies.

    However, the low-volume environment also heightens the risk of sharp price swings, as even modest orders could trigger outsized reactions in a thinly traded market.

    On the bullish side, Bitcoin’s ability to hold above key support levels and near $110k despite declining volumes suggests underlying strength.

    Potentially, this strengthens long-term optimism amid institutional adoption, including likely moves by Elon Musk.

    Notably, CoinShares has shared details showing digital asset investment products saw over $1 billion in inflows last week.

    This marked the 12th consecutive week of inflows, with Bitcoin recording $790 million in inflows over the week.

    Other assets such as Ethereum saw $226 million.

    Amid this, analysts at CryptoQuant say the BTC bull run remains intact.

    However, the low implied volatility and reduced trading activity point to a consolidation range.

    BTC could thus break to a new ATH above $112k or see a short-term pullback to support.

    In this case, the psychological level of $100k will be key.
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  • Elon Musk announces his ‘America Party’ will embrace Bitcoin, criticizes Trump’s fiscal bill

    Elon Musk announces his ‘America Party’ will embrace Bitcoin, criticizes Trump’s fiscal bill

    Elon Musk announces his 'America Party' will embrace Bitcoin, criticizes Trump's fiscal bill

    Elon Musk, the founder of Tesla and SpaceX, has declared that his nascent political movement, the “America Party,” will embrace Bitcoin, stating that traditional fiat currency “is hopeless.”

    This announcement, made on the social media platform X, comes amid a deepening public rift between Musk and President Donald Trump, primarily over the administration’s fiscal policies.

    Musk’s plan to form the “America Party” appears to have been catalyzed by his strong opposition to President Trump’s massive tax and spending package, colloquially known as the “Big Beautiful Bill.”

    Musk has harshly criticized the legislation as being fiscally irresponsible, at one point labeling it the “debt slavery bill.”

    This disagreement has seemingly created an irreparable break between the two influential figures.

    While the America Party has not yet been officially registered and lacks an official website, Musk has used his posts and retweets from supporters to outline its core ideology.

    He envisions a party that champions a pro-tech, pro-free speech, and anti-regulation agenda, while adopting generally centrist policies on other issues.

    Musk, a long-time supporter of cryptocurrencies whose companies SpaceX and Tesla both hold Bitcoin (BTC) in their corporate treasuries, sees the digital asset as a key part of this new political vision.

    Musk has indicated on X that the party, once formally established, will not immediately field a Presidential candidate.

    Instead, its initial focus will be on contesting House and Senate races, aiming to build a political foothold from the ground up.

    President Trump, for his part, has not taken kindly to Musk’s political maneuvering.

    In a Truth Social post on Sunday evening US time, Trump fired back, stating that Musk had gone “off the rails” and had become a “TRAIN WRECK.”

    Crypto markets react to easing trade tensions

    While this political drama unfolds, the broader cryptocurrency market experienced a lift on Sunday morning.

    Major cryptocurrencies rose after US Treasury Secretary Scott Bessent hinted at the likelihood of upcoming trade deals being finalized before the crucial July 9 “Liberation Day” tariff deadline.

    Bitcoin, the leading cryptocurrency by market value, gained over 1%, briefly surpassing the $109,000 mark.

    Other major tokens also saw gains: payments-focused XRP and Solana’s SOL token both rose by over 2%, while the popular meme token Dogecoin (DOGE) climbed 3%, according to data from CoinDesk.

    Ethereum’s Ether (ETH), the second-largest token, rose 1.5% to $2,550.

    The tariff clock is ticking

    In an interview with CNN, Treasury Secretary Bessent stated that the US is close to finalizing several trade deals ahead of the July 9 deadline.

    This is the date when a temporary pause on higher tariffs, initially announced on April 2, is set to expire.

    “President Trump’s going to be sending letters to some of our trading partners saying that if you don’t move things along, then on August 1, you will boomerang back to your April 2 tariff level. So I think we’re going to see a lot of deals very quickly,” Bessent said, according to Reuters.

    He clarified that July 9 remains the firm deadline for negotiations; if deals are not reached, the higher tariffs announced in early April will take effect from August 1.

    “We are saying this is when it’s happening. If you want to speed things up, have at it. If you want to go back to the old rate, that’s your choice,” Bessent told CNN, adding that some countries were “foot-dragging” on finalizing deals.

    This coercive tactic of imposing tariffs to rebalance trade relations and reduce the US trade deficit has been a central pillar of President Donald Trump’s economic policy since he took office earlier this year.
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  • Sui breaks $3 resistance: Is a new ATH next?

    Sui breaks $3 resistance: Is a new ATH next?

    • SUI is currently priced above $3, rallying higher following a descending wedge breakout. 
    • An ascending triangle pattern on the 4-hour chart signals bullish flip. 
    • However, while MACD suggests buyers are in control, the RSI is near overbought territory.

    Sui (SUI) has surged to the critical $3 resistance level, breaking above it amid double-digit gains in the past 24 hours.

    CoinGecko data shows SUI price trading more than 11% up in this period, with a notable 102% spike in trading volume that hovered around $1.28 billion.

    The price gains to intraday highs of $3.05 put the altcoin above a key supply wall, which offered both a psychological and technical barrier in recent weeks.

    Notably, Sui ecosystem tokens, including Walrus and DeepBook Protocol, have also surged in the past 24 hours.

    Sui eyes gain amid bullish momentum

    SUI’s uptick aligns with the broader market spike that pushed Bitcoin to above $109,000 and major altcoins like Ethereum, XRP and Solana higher.

    Tailwinds for altcoins helped Sui price, with this coming amid a recent bounce from lows of $2.3.

    Robust on-chain fundamentals that have also seen Sui blockchain’s total value locked (TVL) hold above $2.2 billion signal overall confidence in the ecosystem.

    Other metrics such as rising stablecoin liquidity and transaction volumes align with bullish momentum.

    Sui is also seeing notable growth in developer activity, leading the Move ecosystem.  Sam Blackshear, chief technical officer of Mysten Labs shared this outlook.

    The 11% surge has extended SUI’s upward price action over the past two weeks. Sui’s losses in the past month are indeed down to 8%.

    Sui price prediction

    With SUI attempting to break above $3, bulls may target key levels of $3.5 and $4 to see the all-time peak above $5.3 reached in January 2025 come into view.

    Notably, buyers are upbeat after the token broke out of a descending wedge pattern. That move allowed for a bullish reversal as long bets ramped up.

    Additionally, the formation of an ascending triangle pattern on the 4-hour chart has reinforced the bullish outlook. Given this outlook, the $3 level could act as a springboard for potential further gains. 

    Sui chart by TradingView

    On the technical front, key indicators show buyers are in control.

    The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the histogram suggesting that bulls currently hold the upper hand.

    However, the Relative Strength Index (RSI) is trending at 70 and an extended uptick into the overbought territory could signal a potential downturn.

    In this case, macro headwinds and profit-taking could mean a short-term flip to support levels around $2.6.

    The post Sui breaks $3 resistance: Is a new ATH next? appeared first on CoinJournal.



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  • Celsius vs Tether lawsuit moves ahead in US court over $4 billion Bitcoin sale

    Celsius vs Tether lawsuit moves ahead in US court over $4 billion Bitcoin sale

    Celsius vs Tether lawsuit moves ahead in US court over $4 billion Bitcoin sale

    • Celsius claims Tether’s 2022 Bitcoin sale broke contract terms.

    • Over 39,500 BTC were liquidated at $20,656 average price.

    • Claims include breach of contract and fraudulent transfer.

    Celsius Network’s efforts to hold Tether accountable for a $4 billion Bitcoin liquidation just cleared a major hurdle in US court.

    A bankruptcy judge has now allowed Celsius to proceed with legal action against Tether, despite the stablecoin giant’s attempts to halt the case on jurisdictional grounds.

    The lawsuit centres on claims that Tether prematurely and unfairly sold nearly 40,000 BTC during Celsius’s collapse in mid-2022, in breach of a contractual agreement and US bankruptcy laws.

    The ruling could mark a turning point for how global crypto firms are treated in American courts, especially when assets are involved that were managed, sold, or transferred through US-linked systems.

    While the court dismissed some peripheral allegations, it upheld key claims, including breach of contract and fraudulent transfer, allowing Celsius’s case to continue.

    Celsius accuses Tether of early Bitcoin liquidation breach

    The dispute dates back to June 2022, when Celsius was already reeling from the broader crypto market crash. Court filings reveal that Tether had lent money to Celsius and, in return, received collateral in Bitcoin.

    Celsius now alleges that Tether liquidated 39,500 BTC at an average price of $20,656 without providing the contractually required 10-hour notice period.

    The assets, according to Celsius, were liquidated during a time of extreme market volatility, and sold significantly below market value. Celsius claims the early sale resulted in a loss of over $4 billion based on current Bitcoin prices.

    Moreover, the company alleges that Tether later transferred the liquidated BTC to Bitfinex, a platform operated by Tether’s sister company, raising concerns around related-party dealings and asset custody.

    US court rejects Tether’s jurisdictional challenge

    In its defence, Tether had argued that the case should be thrown out because it operates from the British Virgin Islands and Hong Kong. The company said US courts had no jurisdiction over its business.

    However, the judge disagreed, pointing to the fact that Tether used US-based staff, bank accounts, and communication systems in its dealings with Celsius.

    The court ruled that Tether’s actions were sufficiently “domestic” to fall under US legal scrutiny.

    This decision now paves the way for Celsius to pursue several key legal charges including breach of contract, fraudulent transfer, and preferential treatment of certain creditors—allegations that strike at the core of how digital asset lenders and stablecoin issuers operate.

    Broader implications for crypto lending and stablecoin governance

    Legal experts say the outcome of this case could influence the regulatory treatment of stablecoin issuers, particularly in the US.

    If Celsius is able to demonstrate that Tether mismanaged client assets or failed to honour notice periods during market stress, it may prompt calls for stricter oversight on asset liquidation procedures, especially for offshore firms operating through US financial infrastructure.

    The case may also set a precedent for future cross-border lending disputes and clarify whether offshore crypto companies can be held accountable in US bankruptcy proceedings.

    The outcome could therefore impact how other large digital asset firms manage collateral and liquidity risk during market downturns.

    Tether grows market presence amid legal scrutiny

    Despite the ongoing legal challenges, Tether has continued to expand its footprint in the crypto sector. The company recently acquired a majority stake in Twenty One Capital, a firm associated with Strike CEO Jack Mallers.

    This move connects Tether to the third-largest corporate Bitcoin holder globally.

    In another significant development, Tether transferred around 37,230 BTC—currently worth $3.9 billion—to addresses associated with its trading operations.

    The company appears to be consolidating its Bitcoin reserves even as it navigates the legal fallout from the Celsius collapse.

    Meanwhile, speculation continues over Tether’s valuation and a possible initial public offering.

    However, CEO Paolo Ardoino has denied any plans for a public listing, stating that the firm is not preparing for an IPO despite rumoured valuations nearing $500 billion.

    As the Celsius case moves into the next phase, attention will remain on how Tether responds to mounting legal pressure in one of the largest financial disputes in crypto history.
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  • BTC trades stably near $105.5K; institutional ETF inflows reached $2.2B last week

    BTC trades stably near $105.5K; institutional ETF inflows reached $2.2B last week

    BTC trades stably near $105.5K; institutional ETF inflows reached $2.2B last week

    Bitcoin (BTC) is trading steadily above the $105,500 mark as the Asian trading day gets underway on Wednesday.

    This comes after a slight correction from the $107,000 level it held during US business hours.

    Despite the significant geopolitical upheaval of the past few weeks, including a US strike on Iran that surprised both geopolitical experts and prediction market bettors, Bitcoin has once again demonstrated its resilience as a store of value.

    CoinDesk market data shows that the asset class has remained remarkably stable over the last month, up a modest 1%.

    A disciplined climb: HODLers stand firm

    However, this return to a price point that is within striking distance of Bitcoin’s all-time high of nearly $111,000 (hit in May) feels different this time, according to market observers.

    It’s characterized by a sense of discipline rather than the euphoria that often accompanies bull runs.

    Unlike the breakout above $100,000 in December 2024, which triggered a significant wave of profit-taking, long-term investors now appear content to sit on their unrealized gains.

    This observation is supported by analysis from Glassnode in their weekly note.

    “HODLing appears to be the dominant market mechanic,” the Glassnode analysts wrote.

    They pointed to a surge in the supply held by long-term holders, which has now reached 14.7 million BTC, coupled with historically low levels of realized profits.

    This on-chain activity strongly indicates a limited desire to sell, even as Bitcoin trades just below its record highs.

    Further reinforcing this narrative of restraint, metrics such as the adjusted Spent Output Profit Ratio (aSOPR) are hovering just above the breakeven point, according to Glassnode.

    This suggests that the coins currently being spent are, for the most part, recent acquisitions involved in tactical trades rather than representing a broad distribution or sell-off by long-term holders.

    Meanwhile, Glassnode data also shows that the “Liveliness” metric continues to decline, a clear sign that older, long-held coins remain dormant in their wallets.

    The institutional undercurrent: steady demand meets rising leverage

    This patience from seasoned investors is being met with persistent institutional demand.

    In its daily markets update, trading firm QCP highlighted this trend, noting that market data indicates a substantial $2.2 billion in net inflows into spot Bitcoin ETFs just last week.

    QCP described the overall tone of these flows as “constructive” and pointed out that dedicated crypto treasury companies such as Strategy and Metaplanet continue to accumulate Bitcoin.

    These steady institutional inflows are quietly but fundamentally reshaping the market’s structure.

    Bitcoin’s realized cap—a metric that measures the price at which coins last moved on-chain—has grown to an impressive $955 billion.

    This growth is widely seen as a sign that real, committed capital, not just fleeting speculation, is flowing into the asset.

    A fragile equilibrium: the standoff in the market

    However, not everything is calm beneath the surface. QCP’s report also noted that leveraged long positions have been on the rise, with funding rates turning positive across major perpetual futures markets.

    This indicates that short-term traders are increasingly using leverage to bet on further price increases.

    Glassnode, in its analysis, warns that this situation may not be sustainable indefinitely. “The market may need to move higher, or lower, to unlock additional supply,” the firm wrote, suggesting that the current equilibrium between the unwavering conviction of long-term holders and the increasing leverage of short-term traders won’t hold forever.

    Even major political news, such as the US Senate’s approval of the White House’s “Big Beautiful Bill,” has failed to produce a significant price reaction from Bitcoin.

    This has led to a market that feels less like a stampeding bull run and more like a tense standoff. On one side are the long-term holders who are refusing to sell, and on the other are the short-term traders piling into leveraged positions.

    This fragile equilibrium has market observers on the edge of their seats, wondering where the next major catalyst will come from and whether it will make Bitcoin’s next move an explosive one.
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  • Michael Saylor’s Strategy acquires $531M in Bitcoin, boosting holdings near 600,000 BTC

    Michael Saylor’s Strategy acquires $531M in Bitcoin, boosting holdings near 600,000 BTC

    AI generated image for Bitcoin in a vault

    • The average purchase price for the new acquisition was $106,801 per coin.

    • The company has now spent approximately $42.4 billion on Bitcoin since it began accumulating the crypto.

    • According to data from Bitcoin Treasuries, 134 public companies now hold bitcoin on their balance sheets.

    Michael Saylor’s Strategy, the largest public holder of Bitcoin, added 4,980 BTC to its balance sheet last week, according to a US Securities and Exchange Commission filing on Monday.

    The purchase, valued at $531.1 million, came as Bitcoin rallied from around $101,000 to above $108,000 during the final week of June, per CoinGecko data.

    The average purchase price for the new acquisition was $106,801 per coin, bringing the firm’s total Bitcoin holdings to 597,325 BTC.

    The company has now spent approximately $42.4 billion on Bitcoin since it began accumulating the cryptocurrency, with an average purchase price of $70,982 per BTC.

    The Bitcoin ‘Strategy’

    Strategy funded its latest purchase using proceeds from its active at-the-market (ATM) offerings.

    Last week, the firm sold 1,354,500 shares of its Class A common stock (MSTR) for $519.5 million.

    It also sold 276,071 shares of its Strike preferred stock (STRK) for $28.9 million and 284,225 shares of its Strife preferred stock (STRF) for $29.7 million.

    Following the latest acquisition, Strategy’s year-to-date gain in Bitcoin now totals 85,871 BTC, compared with a full-year gain of 140,538 BTC in 2024.

    That equates to a $9.5 billion BTC gain this year, according to the company’s internal figures.

    The company also reported modest increases in its yield metrics.

    Year-to-date Bitcoin yield rose by 0.5 percentage points to 19.7%, inching closer to Strategy’s goal of 25% yield by the end of 2025.

    Quarter-to-date yield also edged up by 0.4 percentage points to 7.8%.

    More BTC buys may be on the way for Strategy?

    On Sunday, Strategy Executive Chairman Michael Saylor had again hinted at a potential upcoming bitcoin purchase, updating the company’s bitcoin portfolio tracker on Sunday with the remark, “In 21 years, you’ll wish you’d bought more.”

    The comment echoes his BTC Prague keynote, where he projected Bitcoin’s value could reach $21 million per coin within two decades.

    Between June 16 and June 22, Strategy acquired an additional 245 BTC for approximately $26 million at an average price of $105,586 per bitcoin.

    The company had slowed its purchasing pace in recent weeks as it shifted focus from its at-the-market (ATM) common stock program to issuing perpetual preferred shares to finance further acquisitions.

    The latest purchase marks a return to using the MSTR ATM after more than a month.

    According to data from Bitcoin Treasuries, 134 public companies now hold bitcoin on their balance sheets, continuing the trend initiated by Saylor and MicroStrategy.

    Recent adopters include Tether-backed Twenty One, Nakamoto, Trump Media, and GameStop, alongside earlier entrants such as Semler Scientific and KULR Technology Group.

    Japanese firm Metaplanet also announced on Monday that it had added 1,005 BTC to its reserves, raising its total holdings to 13,350 BTC—surpassing those of Galaxy Digital and CleanSpark.
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  • Wintermute secures Bitcoin-backed credit line from Cantor Fitzgerald

    Wintermute secures Bitcoin-backed credit line from Cantor Fitzgerald

    Wintermute secures Bitcoin-backed credit line from Cantor Fitzgerald

    • Wintermute gets Bitcoin (BTC) credit line from Cantor Fitzgerald.
    • The credit line will enhance Wintermute’s capital-heavy OTC crypto trading operations.
    • The deal signals a cautious return of institutional crypto lending.

    Crypto market maker Wintermute has secured a Bitcoin-backed credit facility from Cantor Fitzgerald in a move that signals growing confidence in the revival of institutional crypto lending.

    The agreement is part of Cantor Fitzgerald’s newly launched $2 billion Bitcoin Financing Business, which seeks to provide secured credit lines to digital asset firms that play critical roles in market infrastructure.

    Wintermute, known for its role in digital asset market making and over-the-counter (OTC) crypto trading, did not disclose the exact size of the facility.

    However, its CEO, Evgeny Gaevoy, emphasised that the credit line is key to supporting the firm’s capital-intensive operations.

    The credit facility will enhance Wintermute’s OTC trading

    Wintermute’s operations demand significant capital due to the nature of OTC trading and digital asset settlement, where large volumes are traded across multiple exchanges in real time.

    Gaevoy noted that the facility will enhance the firm’s ability to hedge risk across trading venues, maintain uninterrupted market presence, and react quickly to volatile price shifts.

    He explained that this kind of financing helps the firm preserve liquidity while continuing to provide pricing and execution services for institutional clients around the clock.

    The arrangement marks a clear vote of confidence from Cantor Fitzgerald, a Wall Street powerhouse that has only recently begun expanding its reach into crypto.

    The broader context of the deal is a cautious yet unmistakable revival of institutional interest in crypto lending.

    Crypto finance firms and private banks are beginning to return to the lending space, but with stricter risk management and more established collateral practices.

    Notably, Blockstream recently raised billions to support its crypto lending funds, while Xapo Bank started offering Bitcoin-backed loans of up to $1 million as of March.

    According to Galaxy Research, the crypto lending market had surged to $36.5 billion by the end of 2024, more than double its Q3 2023 low, although still far from its 2021 peak of $64.4 billion.

    This recovery points to a maturing market where institutional participants are demanding higher levels of security and regulatory alignment.

    Cantor Signals comeback to crypto lending

    Launched in mid-2024, Cantor’s $2 billion Bitcoin Financing Business is positioning itself as a regulated alternative to the high-risk lending models that collapsed in recent years.

    This program has already extended support to Maple Finance and FalconX, with the latter planning to draw over $100 million from its facility, according to information from Bloomberg.

    Wintermute’s inclusion among the early recipients of Cantor’s credit lines places it in a select group of firms seen as strategically important to crypto markets.

    Unlike the largely unregulated and opaque structures that led to the fall of firms like Celsius Network and BlockFi in 2022, Cantor’s model emphasises secured and transparent lending.

    Wintermute is eyeing US growth with institutional backing

    Wintermute’s new credit facility is expected to strengthen its growing presence in the United States, where the regulatory environment has become more favourable for digital assets.

    With the introduction of spot Bitcoin ETFs and increased clarity around crypto trading rules, institutional activity in US markets is on the rise again.

    Gaevoy indicated that the company views this as an ideal time to expand its reach in North America, capitalising on renewed investor appetite and evolving regulatory frameworks.

    The partnership with Cantor Fitzgerald may also offer a credibility boost, especially as regulators and financial institutions look for trustworthy actors in the space.

    With the backing of a major Wall Street firm like Cantor Fitzgerald, Wintermute is now better positioned to navigate the volatility of crypto markets while providing critical infrastructure for trading and settlement.
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  • Bitcoin rises above $107K as Trump’s fiscal policy comments boost hard assets

    Bitcoin rises above $107K as Trump’s fiscal policy comments boost hard assets

    Bitcoin rises above $107K as Trump's fiscal policy comments boost hard assets

    • Bitcoin traded above $107K Sunday as focus turned to U.S. fiscal policy and Trump’s “Big Beautiful Bill.”
    • Trump urged “cost cutting Republicans” not to “go too crazy,” promising growth will “make it all up.”
    • Expectations of sustained deficits and loose fiscal policy are bolstering the bull case for hard assets like BTC and gold.

    Bitcoin traded steadily above the $107,000 mark on Sunday, with market attention increasingly focused on fiscal policy tensions brewing in Washington.

    A recent social media post from President Donald Trump, aimed at quelling dissent within his own party over a massive tax-and-spending package, has inadvertently bolstered the bullish case for assets like Bitcoin and gold, which are often seen as hedges against fiscal profligacy.

    The latest market movements come as Bitcoin was changing hands at $107,937 as of 22:22 UTC on Sunday, up 0.54% over the past 24 hours.

    Price action remained volatile, with the cryptocurrency fluctuating between $107,194 and $108,489 during that window, according to CoinDesk Research’s technical analysis model.

    The focus shifted to US fiscal policy following a pointed message from President Trump on his Truth Social platform on June 29, 2025.

    Addressing Republican lawmakers amid a fierce internal debate over his sweeping legislative package, Trump wrote:

    For all cost cutting Republicans, of which I am one, REMEMBER, you still have to get reelected. Don’t go too crazy! We will make it all up, times 10, with GROWTH, more than ever before.

    This statement lays bare the deep divisions within the Republican party as it struggles to unify behind the ambitious legislation, which has been dubbed the “One Big Beautiful Bill.”

    The bill itself, exceeding 900 pages, is a complex mix of fiscal measures.

    It combines approximately $3.8 trillion in tax cuts with targeted spending reductions and increased funding for defense and border security.

    A key component is the aim to make permanent many of the tax breaks from Trump’s 2017 Tax Cuts and Jobs Act, including the elimination of taxes on tips, overtime pay, and certain auto loans.

    The child tax credit would also rise to $2,200 under the Senate version, while deductions for seniors would be temporarily increased.

    To offset the cost of these tax cuts, however, Republicans have proposed significant cuts to Medicaid and nutrition programs, a move that has sparked intense debate within the party.

    Navigating a political tightrope

    The path to passing the bill is fraught with political challenges.

    Moderate Republicans, particularly those from high-tax states, are pushing for a higher cap on state and local tax (SALT) deductions.

    In contrast, conservative factions are demanding deeper and more extensive spending cuts, with a particular focus on Medicaid.

    These internal disagreements are complicating efforts to secure the narrow Republican majorities needed in both the House and the Senate to pass the legislation, which faces uniform opposition from Democrats, who argue it disproportionately favors the wealthy and will worsen economic inequality.

    President Trump’s social media message appears to be an attempt to walk this political tightrope.

    He is urging a degree of fiscal restraint to appease conservatives while simultaneously emphasizing a supply-side economic argument: that robust economic growth will ultimately compensate for near-term revenue losses and help reduce deficits over time.

    This “growth will make it all up” approach comes as nonpartisan analysts estimate the bill could add trillions of dollars to the already substantial $36.2 trillion national debt.

    A bullish signal for Bitcoin and gold?

    This fiscal backdrop is being closely watched by market participants, with some interpreting it as a strong signal for holding hard assets.

    Crypto analyst Will Clemente’s reaction on the social media platform X (formerly Twitter), posted shortly after Trump’s message, captured a common sentiment among those skeptical of current fiscal policies:

    How can you read this and hold long term US treasuries at current yields lol… Also, how can you read this and not hold any Bitcoin or gold.

    Clemente’s skepticism towards long-term US Treasuries reflects a growing concern that the bill’s deficit-financed tax cuts and relatively modest spending reductions signal a loose fiscal policy that could fuel inflation and devalue the currency over time.

    In such a scenario, traditional fixed-income assets like Treasuries can become less attractive, as rising deficits and potential monetary accommodation (to finance the debt) threaten to erode the value of both principal and interest payments.

    Conversely, hard assets with limited supply, such as gold and Bitcoin, are increasingly viewed as reliable stores of value and effective hedges against inflation and fiscal irresponsibility.

    The expectation of sustained, large deficits and the clear political challenges to implementing meaningful fiscal discipline are bolstering the demand for these inflation-resistant assets.

    As the Senate races to finalize the bill before the July 4 holiday, the ongoing negotiations and the ultimate fate of this consequential fiscal package will continue to be a key driver of market sentiment.
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  • TRON price forecast as USDT supply surpasses $80 billion

    TRON price forecast as USDT supply surpasses $80 billion

    USDT And TRON Symbols

    • USDT supply on TRON has surpassed $80 billion, accounting for over 50% of circulating USDT.
    • TRX price is currently at $0.27, but could rise to $0.44 in the short term amid bullish momentum. 
    • ETFs, partnerships, and network growth are likely catalysts for TRON price.

    TRON (TRX) price is down on the day, but the blockchain project is making headlines elsewhere as the supply of Tether’s USDT on its blockchain has surpassed $80 billion.

    The native Tron token TRX traded at $0.27 on Friday, June 27, with CoinMarketCap showing the price was down under 1%. Intraday highs for the altcoin range around $0.29, and TRON remains in the top 10 by market cap.

    However, the question might be, what does the USDT milestone mean for TRON’s price?

    USDT supply on TRON hits $80 billion

    As the crypto market eyes gains and stablecoin adoption grows, Glassnode has shared details that reveal a dramatic rise in Tether (USDT) supply on the TRON network.

    Notably, the Tether-issued US dollar-pegged token has surpassed the $80 billion supply mark as of mid-2025.

    This marks a significant leap from earlier years, with the supply growing steadily from negligible amounts in 2020 to over $60 billion by 2024, before accelerating sharply into 2025. As seen in the chart by Glassnode, there’s a steep upward trajectory, reflecting TRON’s increasing role in facilitating stablecoin transactions.

    USDT in circulation currently sits at around $157.4 billion. With more than half of the total circulating USDT at $80 billion is dominance that solidifies TRON’s position as a preferred blockchain for stablecoin settlements, outpacing competitors like Ethereum.

    The network’s efficiency and low transaction costs have likely driven this adoption, with institutional and remittance use cases further fueling demand.

    May 2025 saw a record $684 billion in transfer volume, while 283 million USDT transfers this year highlight explosive user adoption.

    TRON price prediction

    Currently priced at $0.27 with a 24-hour trading volume of $407 million, TRON has shown resilience.

    While price has recently dipped from highs of $0.29, bulls have held above the key support level of $0.20 since early January.

    The surge in USDT supply is a bullish signal, as it boosts network usage and attracts more users to TRON’s ecosystem, including DeFi and payment applications.

    Looking at the price outlook, several catalysts could drive TRX’s price higher.

    The potential launch of TRON-based exchange-traded funds (ETFs) could attract institutional investment, mirroring trends seen with Bitcoin and Ethereum.

    Additionally, strategic partnerships—such as collaborations with major financial institutions or further integration with Tether- might prove huge for TRX.

    Recently, it was announced that Tron is eyeing a public listing via a reverse merger. The deal, which reportedly eyes an IPO with Nasdaq-listed SRM Entertainment, will transform TRON into a treasury company.

    Short-term, TRX might test resistance around $0.30. A breakout above $0.30 will allow bulls to target December 2024 highs above $0.44, which formed TRX’s all-time high. Long term, TRON price will eye a rally to $1.
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  • Genius Group to split $1B lawsuit proceeds between shareholders and its Bitcoin treasury

    Genius Group to split $1B lawsuit proceeds between shareholders and its Bitcoin treasury

    Genius Group to split $1B lawsuit proceeds between shareholders and Bitcoin treasury

    • Genius Group plans to split lawsuit wins between shareholder dividends and Bitcoin.
    • The company is pursuing two lawsuits seeking over $1 billion in shareholder-related damages.
    • Genius Group’s current BTC holdings stand at 100 BTC and it now targets 1,000 BTC as part of its treasury plan.

    Singapore-based edtech firm Genius Group has unveiled an ambitious plan to share potential legal windfalls from its ongoing billion-dollar lawsuits with shareholders while simultaneously deepening its investment in Bitcoin.

    In a move that could reshape the company’s financial future, the Board of Directors has approved a distribution framework that will allocate all net proceeds from its legal battles equally between direct payouts to shareholders and purchases of Bitcoin for its corporate treasury.

    This strategy marks a bold fusion of legal recourse and crypto investment, driven by a promise to compensate shareholders for damages the company alleges were inflicted by third-party misconduct.

    Genius Group is pursuing lawsuits seeking over $1B in damages

    Genius Group is actively pursuing two major lawsuits with combined damage claims exceeding $1 billion, each targeting different alleged abuses that the company says have harmed its investors.

    The first lawsuit, already filed in the US District Court for the Southern District of Florida, alleges violations under the Racketeer Influenced and Corrupt Organizations Act (RICO) and seeks over $750 million in damages from several individuals, including Peter Ritz, Michael Moe, Michael Carter, and former SEC Chairman John Clayton.

    According to the company, these defendants, through their roles in LZGI International and related entities, engaged in actions that caused direct financial harm to Genius Group and its shareholders.

    The second lawsuit, which is expected to be filed soon, focuses on alleged naked short-selling and spoofing activities that the company claims manipulated the trading of its shares.

    Led by attorney Wes Christian, a well-known legal figure in financial market litigation, the short-selling case is estimated to involve damages between $251 million and $263 million, with that figure expected to rise following further analysis of 2024 and 2025 trading data.

    A windfall for shareholders, if lawsuits succeed

    Genius Group has committed to splitting all net proceeds from these lawsuits evenly, with 50% allocated as special dividends to shareholders and the remaining 50% used to acquire Bitcoin.

    Chief Executive Officer Roger Hamilton emphasised that because these lawsuits seek to recover damages that directly affected shareholders, it is only fair that all recovered funds be returned to them or reinvested on their behalf.

    If the company is successful in both cases, each shareholder could receive up to $7 per share, offering a substantial return given the company’s current stock price.

    While there is no guarantee of a win in either lawsuit, the prospect of a significant payout and further crypto investment has drawn growing attention from retail traders and crypto enthusiasts alike.

    Genius Group’s Bitcoin strategy

    Genius Group’s interest in Bitcoin is not new, but the recent announcement reinforces the company’s serious intention to use BTC as a long-term treasury asset.

    Just last week, the company revealed that it had increased its corporate Bitcoin holdings by 52%, acquiring an additional 34 BTC to bring its total to 100 BTC.

    The purchases were made at an average price of approximately $100,600 per Bitcoin, amounting to an investment of more than $10 million.

    The company has stated that it intends to grow its Bitcoin holdings to 1,000 BTC over time, especially now that a previous US court restriction barring it from using investor funds to buy crypto has been lifted.

    Hamilton has framed Bitcoin as both a hedge against inflation and a vehicle for shareholder value, noting that future court winnings would also be subject to this new distribution model.

    Legal uncertainties remain

    Despite the company’s confidence, Hamilton acknowledged that there are legal uncertainties ahead, and no outcome can be guaranteed in either case.

    However, the aggressive dual-pronged strategy of rewarding investors while reinforcing a decentralised financial position has attracted renewed investor interest.

    This legal-crypto hybrid approach positions Genius Group as one of the few publicly traded companies tying shareholder dividends directly to potential lawsuit wins and Bitcoin acquisitions.

    As the cases proceed, both traders and shareholders will be watching closely, not just for court rulings but also for how Genius executes its promise to merge traditional legal settlements with modern digital asset strategies.
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