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  • Bitcoin trades near $109K amid low conviction; Trump Media files for diversified crypto ETF

    Bitcoin trades near $109K amid low conviction; Trump Media files for diversified crypto ETF

    Bitcoin trades near $109K amid low conviction; Trump Media files for diversified crypto ETF

    Bitcoin continues to trade in a narrow range as the Asian trading day begins on Wednesday, with the world’s largest digital asset changing hands above $108,900.

    This period of consolidation comes as market observers point to a lack of strong conviction, even as a new filing reveals plans from Trump Media & Technology Group to launch a diversified ‘Crypto Blue Chip ETF’.

    Bitcoin is holding its ground, and the CoinDesk 20 index, a broad measure of the largest digital assets, is up 1.7% to over 3,100, according to CoinDesk market data.

    However, the current price action feels more like a drift than a decisive rally.

    According to market observers, what separates Bitcoin’s current position from a sustained push past the $110,000 mark is a lack of clear market conviction.

    In a recent report, on-chain analytics firm Glassnode highlighted several indicators of this hesitancy.

    Spot trading volumes for Bitcoin continue to linger below their usual statistical bands, and inflows into spot Bitcoin ETFs have contracted sharply from their recent highs.

    Furthermore, institutional investors appear cautious, despite sitting on significant unrealized gains, as shown by elevated ETF Market Value to Realized Value (MVRV) ratios.

    Trading firm Wintermute, in a market update from earlier this week, described this environment as a “barbell market.”

    They pointed to a stark divide between renewed enthusiasm in high-beta, high-risk assets like memecoins, and a preference for the stability of established large-cap tokens like Bitcoin and Ethereum.

    Notably, last year’s “narrative darlings,” such as AI and DePIN (Decentralized Physical Infrastructure Networks) tokens, have lost investor attention.

    This suggests that traders are either rotating into the speculative frenzy of memecoins—many of the major ones like DOGE, SHIB, and PEPE are up over 8% in the last week—or they are staying put in the perceived safety of BTC and ETH, which are seen as battle-tested and secure.

    With global equity markets largely shrugging off recent geopolitical uncertainties, Bitcoin’s current hesitancy underscores a lingering caution among crypto traders.

    The market seems to be awaiting a clearer directional signal before making a decisive move higher, and things are likely to remain range-bound until that catalyst appears.

    Trump Media’s crypto gambit: the ‘Blue Chip ETF’

    Adding a new dimension to the crypto investment landscape, Trump Media & Technology Group (DJT) has revealed plans to launch another exchange-traded fund (ETF), this one designed to hold more than just Bitcoin and Ether.

    The Truth Social parent company, founded by President Donald Trump, filed on Tuesday to create the “Truth Social Crypto Blue Chip ETF.”

    According to the filing, the proposed fund would be composed of 70% Bitcoin and 15% Ether, complemented by an 8% allocation to Solana, 5% to Cronos, and 2% to XRP.

    The filing stated that the proposed fund would trade on the New York Stock Exchange’s Arca platform, a popular venue for ETFs.

    This news follows a move by Trump Media last month to file for two other ETFs: one that would invest 75% of its assets in Bitcoin and the remainder in Ether, and another that would be comprised solely of Bitcoin.

    In all three instances, Trump Media has indicated that the launches would happen “later this year.” Back in March, Crypto.com announced that it would partner with Trump Media to offer these ETFs.

    This series of filings underscores Trump Media’s deepening commitment to the digital asset space, following its announcement in May of a plan to raise $2.5 billion to purchase Bitcoin for its corporate treasury.

    As of the latest market data, Bitcoin was trading just below $109,000, while Ether was changing hands above $2,600.

    The other components of the proposed ETF, Solana, Cronos, and XRP, were trading at about $151, 10 cents, and $2.30, respectively.

    Shares of Trump Media (DJT) rose close to 3% on Tuesday following the filing, though they remain down more than 40% for the year 2025.
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  • DigitalX taps global crypto leaders in A$20M Bitcoin Treasury push

    DigitalX taps global crypto leaders in A$20M Bitcoin Treasury push

    DigitalX secures A$20.7M in strategic funding to expand its Bitcoin treasury

    Australian digital asset manager DigitalX has raised A$20.7 million (US$13.5 million) in a fresh round of strategic funding, deepening its commitment to a “Bitcoin-first” approach.

    The ASX-listed firm plans to use the funds to grow its Bitcoin treasury, with backing from heavyweight crypto investors like Animoca Brands, UTXO Management, and ParaFi Capital.

    DigitalX says it plans to allocate about AU$19.7 million (US$12.8 million) from its recent raise toward boosting its Bitcoin holdings, with the rest going toward offer expenses and general operations.

    In addition to the capital raise, DigitalX has bolstered its strategic advisory board with the appointments of Yat Siu, co-founder of Animoca Brands, and Hervé Larren, CEO of Airvey.io.

    Both bring deep experience in crypto and digital assets, and their involvement is expected to offer valuable insight into Bitcoin strategy and investor relations.

    The move further cements DigitalX’s position as a key player in driving institutional crypto adoption in Australia.

    Bitcoin-first Treasury approach

    DigitalX’s latest move aligns with the playbooks of global Bitcoin champions like MicroStrategy and Japan’s Metaplanet, both known for aggressively stacking Bitcoin.

    Since debuting on the ASX in 2014 as a Bitcoin miner, DigitalX has kept Bitcoin as a core asset on its balance sheet.

    Right now, it holds 65 BTC directly, along with 881,000 units of its own Bitcoin ETF (BTXX), which translates to roughly 193 BTC.

    Altogether, that adds up to a Bitcoin position worth around US$43.3 million.

    The placement, priced at A$0.074 (US$0.048) per share and bundled with attached warrants, drew strong interest from both institutional and strategic investors.

    Notably, Simon Gerovich, the CEO of Tokyo-listed Metaplanet took part in the round personally.

    The support from prominent global crypto players highlights rising institutional confidence in Bitcoin as a long-term store of value and points to a broader shift toward regulated, transparent ways to gain exposure to digital assets.

    Credibility boost

    Interim CEO Demetrios Christou called the investment a “significant milestone,” noting that both the capital and the backing from globally respected Bitcoin advocates will help DigitalX stay focused on its strategy and create long-term value for shareholders.

    Meanwhile, Yat Siu described Bitcoin as “the reserve asset of Web3 digital gold,” and pointed to DigitalX as one of the best ways for Australian investors to gain exposure to it.

    With this latest funding round, DigitalX isn’t just adding to its Bitcoin holdings, it’s also reinforcing its role as a regulated, ASX-listed bridge for both institutional and retail investors looking to tap into the Bitcoin space.
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  • Best crypto to buy now as analyst sees BTC making a strong comeback

    Best crypto to buy now as analyst sees BTC making a strong comeback

    Bitcoin Price Plummets

    • The Bitcoin Pepe presale has remained resilient, continuing to attract strong investor interest.

    • The project has raised over $15.3 million during its ongoing presale.

    • The BPEP token is currently priced at $0.0416.

    Bitcoin (BTC) dropped to a six-week low late Sunday, briefly falling below $98,500 after a US airstrike on Iranian nuclear facilities over the weekend intensified geopolitical tensions.

    Risk assets broadly came under pressure as markets reacted to the escalation.

    The sub-$100,000 level, however, proved short-lived.

    BTC rebounded during early Monday trading in Asia, recovering to around $101,841 at the time of writing.

    Bitcoin now hovers near the psychologically significant $100,000 threshold.

    A decisive close below that level could open the door to further downside, with the next target near Sunday’s intraday low of $98,200.

    Ethereum (ETH), Ripple (XRP), and other major altcoins extended last week’s losses, reflecting continued risk aversion across digital assets.

    In this volatile backdrop, investor interest in early-stage projects has not abated.

    Bitcoin Pepe, a meme-centric Layer 2 project, continues to draw strong presale inflows despite the broader market uncertainty.

    Arthur Hayes says BTC can bounce back

    Bitcoin prices fell below the $100,000 mark for the first time since early May, but BitMEX co-founder Arthur Hayes believes the dip is temporary.

    “The weakness shall pass,” Hayes posted on X, adding that Bitcoin will soon “leave no doubt as to its safe haven status.”

    He attributed the eventual rebound to continued central bank money printing, which he says will support Bitcoin’s long-term bullish trajectory.

    Bitcoin has been in a five-week consolidation phase, facing repeated resistance near the $110,000 level.

    The top cryptocurrency has failed three times to break higher, as short-term macroeconomic shocks — ranging from renewed tariff concerns in May to the ongoing Israel–Iran conflict — have weighed on sentiment.

    At the time of writing, most altcoins were in the red. Total market capitalization fell 0.8% to $3.12 trillion, according to CoinGecko data.

    Bitcoin Pepe’s strong show

    The crypto market has seen heightened volatility in recent months, characterised by sharp rallies, steep pullbacks, and shifting investor sentiment.

    Against this backdrop, the Bitcoin Pepe presale has remained resilient, continuing to attract steady capital inflows.

    The sustained interest suggests the project may be positioned to weather current market conditions, especially as Bitcoin is seen making a strong comeback.

    As the first meme-centric Layer 2 built on the Bitcoin network, Bitcoin Pepe seeks to redefine meme tokens by combining the security of Bitcoin’s base layer with scalability features typically associated with networks like Solana.

    This blend of technical infrastructure and cultural relevance differentiates it from other meme tokens that often lack functional utility.

    The development team has also released infrastructure visuals to improve transparency and build investor confidence.

    To support its Layer 2 ecosystem, Bitcoin Pepe has formed strategic partnerships with Super Meme, Catamoto, and Plena Finance.

    The project’s presale has raised over $15.3 million so far, with BPEP tokens priced at $0.0416.

    Listings on MEXC and BitMart are expected to enhance liquidity and visibility.

    Another major listing announcement is scheduled on June 30, adding further momentum as the presale approaches its close.
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  • AERO price jumps 20% as it defies crypto downturn

    AERO price jumps 20% as it defies crypto downturn

    • Aerodrome Finance token AERO is skyrocketing.
    • The AERO price has jumped 20% in 24 hours as it defies broader crypto downturn.
    • Recent Coinbase integration looks to be the key driver.

    Aerodrome Finance’s native token, $AERO, has surged by 20%, reaching $0.96.

    The token is surging despite a broader cryptocurrency market downturn, with AERO price up 74% in the past week.

    As Bitcoin and major altcoins face selling pressure, with BTC struggling below $105,000, $AERO’s resilience stands out.

    Escalating tensions in the Middle East have heightened market uncertainty, contributing to a cautious outlook for cryptocurrencies.

    However, as investors show caution amid geopolitical risks impacting global markets, $AERO is riding recent Coinbase news to eye a breakout above $1.

    There’s growing confidence in Aerodrome Finance’s decentralized exchange (DEX) ecosystem on the Base chain.

    Aerodrome Finance price: AERO pumps 20%

    While Bitcoin grapples with weekly decline and many altcoins bleed, $AERO has defied the trend, climbing 20% in a single day and 74% over the past week.

    The token has broken above its 200-day exponential moving average, hitting its highest price in over four months.

    It is now on the cusp of reclaiming the $1 mark, a level not seen since early 2024.

    This performance positions $AERO to potentially outpace most altcoins in the short term.

    AERO’s price surge is primarily driven by Coinbase’s integration of Aerodrome Finance, the second-largest DEX on Base with over $1 billion in total value locked (TVL).

    The integration, announced recently, exposes $AERO to Coinbase’s 10 million-plus users, boosting liquidity and adoption.

    Additionally, a 1.3× boosted airdrop for Coinbase One users and new token launch fees for stakers have fueled investor enthusiasm.

    AERO’s 74% weekly gain and Coinbase’s role in its rally reflect strong community sentiment.

    The Aerodrome Finance team notes the platform is getting greater attention.

    “At Aerodrome, we believe in leveling the playing field not just in the DEX space, but beyond it: Fair and transparent access to capital is as vital as fair and transparent access to information,” they posted on X.

    “[That’s] why we’re proud to announce that Aerodrome holds the 2nd highest score in @Blockworks_ new Token Transparency Framework, helping pioneer a new standard of trust in crypto.”

    Aerodrome Finance price prediction

    Analysts are optimistic about $AERO’s trajectory, given its technical breakout and fundamental catalysts.

    The token recently surpassed the 50% Fibonacci retracement level from its all-time high of $2.33 to its year-to-date low of $0.282.

    The next resistance lies at $1.04, which, if breached, could propel $AERO toward $1.50 in the near term.

    However, a pullback to $0.70 or $0.60 remains possible if market volatility intensifies.

    Long-term, $AERO’s close ties to Coinbase and its dominance on Base position it as a leader in the DEX space.

    With over 1 million tokens locked for governance and public goods, the protocol’s fundamentals remain robust.

    While Middle East tensions may cap broader market gains, $AERO’s unique catalysts suggest it could continue to outperform, potentially reaching $2 by year-end if bullish momentum persists.

     
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  • Best crypto presales to buy as JP Morgan reportedly files trademark application for JPMD

    Best crypto presales to buy as JP Morgan reportedly files trademark application for JPMD

    Best crypto to buy as altcoin rotation favors low-caps: BRETT, BPEP, and TRX

    • Early-stage project Bitcoin Pepe has continued to attract strong investor interest.

    • The Bitcoin Pepe presale has raised over $14.6 million. The BPEP token is currently priced at $0.0416.

    • The team behind the ambitious project is expected to make a listing announcement later today.

    Bitcoin edged higher on Tuesday even as broader cryptocurrency markets showed mixed performance and global financial markets paused amid the ongoing conflict between Israel and Iran.

    Both stocks and cryptocurrencies dropped sharply on Friday following renewed Israeli strikes, but sentiment began to recover on Monday.

    By early Tuesday, however, momentum appeared to stall. US index futures slipped, and crypto price action turned mixed over the past 24 hours.

    Digital assets often trade in line with high-risk tech stocks, rising on investor optimism but quickly reversing when sentiment weakens.

    While geopolitical shocks typically trigger initial sell-offs, markets often stabilise and begin to rebound as traders gauge the scope and implications of the conflict.

    Following the lead of the top cryptocurrency, early-stage project Bitcoin Pepe has continued to attract strong inflows, even amid heightened market volatility.

    Since launching its presale in February, the project has maintained steady investor interest, positioning itself as a standout in the increasingly saturated meme coin space.

    JP Morgan eyes crypto expansion

    JPMorgan Chase, the largest US bank by assets and market capitalisation, has reportedly filed a trademark application for JPMD, fueling speculation of a potential move toward launching a stablecoin.

    The application, dated Sunday, was accepted by the US Patent and Trademark Office but has yet to be assigned to an examiner.

    According to the filing, the trademark covers a broad range of services in the digital asset space, including trading, exchange, transfer, and payment functions.

    It also cites use cases in blockchain-based asset issuance, brokerage, clearing, and electronic fund transfers.

    While the word “stablecoin” is absent from the filing, the language suggests a digital asset infrastructure with potential overlap in real-world asset settlement and brokerage via distributed ledger technology.

    Bitcoin Pepe’s presale continues climbs

    Even in a volatile market, the accelerating adoption of Bitcoin and digital assets by traditional finance has helped lift sentiment across the broader crypto ecosystem.

    In this risk-friendly environment, investors seeking outsized returns are rotating back into speculative plays.

    One project gaining traction is Bitcoin Pepe, which is drawing attention for its effort to merge internet meme culture with a credible Layer 2 blockchain proposition.

    Widely regarded as one of 2025’s most closely watched crypto presales, Bitcoin Pepe has set itself apart with the ambition to “build Solana on Bitcoin”—an infrastructure vision aimed at combining the Bitcoin network’s security with the scalability typically associated with Solana.

    Unlike most meme tokens that trade solely on hype, Bitcoin Pepe is backed by a technical roadmap and infrastructure-driven narrative.

    The project has raised over $14.6 million in presale funding ahead of a listing announcement today, reflecting robust investor interest.

    As capital continues flowing into early-stage assets, Bitcoin Pepe is positioning itself to ride the speculative momentum into the final days of its token sale.
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  • Best crypto to buy now as the crypto market reacts to the Trump-Musk feud

    Best crypto to buy now as the crypto market reacts to the Trump-Musk feud

    Best crypto to buy now as the crypto market reacts to the Trump-Musk feud

    • The Trump-Musk feud has triggered massive Bitcoin ETF outflows as the crypto market tumbles.
    • Ethereum ETFs remain strong despite the broader crypto fear.
    • With the Bitcoin Pepe presale ending soon, it could be the best crypto to buy now for high returns, especially once it gets listed.

    The crypto market is currently navigating a wave of uncertainty triggered by the escalating feud between US President Donald Trump and billionaire Elon Musk.

    As the tension between these two influential figures intensifies, investors are closely watching how their clash impacts cryptocurrency sentiment and capital flows.

    This discord has already sent ripples through Bitcoin ETFs, sparking outflows and shifting investor behaviour, while other crypto assets like Bitcoin Pepe, which is currently in the final stages of its token presale, are showing surprising resilience.

    Impact of the Trump-Musk feud on the crypto market

    The fallout from the Trump-Musk feud has significantly influenced market sentiment, pushing the Cryptocurrency Fear & Greed Index from “Greed” to “Neutral.”

    As a result, the global cryptocurrency market cap has dropped by 4% to around $3.35 trillion, as per Coingecko data.

    Notably, major coins including Bitcoin (BTC), Ethereum (ETH), XRP, Binance Coin (BNB), Solana (SOL), and Cardano (ADA), among others, have registered significant drops.

    Amid the worsening investor confidence, Bitcoin ETFs in the United States experienced a sharp reversal, with outflows reaching $278 million on June 5, according to Coinglass data.

    Meanwhile, Ethereum ETFs have bucked this trend, continuing a 14-day streak of inflows despite the overall market jitters.

    The feud itself has drawn widespread political and business attention, fracturing previously supportive alliances and raising questions about future government contracts and national programs linked to Musk’s SpaceX.

    Musk’s claims of credit for Trump’s 2024 election victory, coupled with serious accusations and policy threats exchanged between the two, have intensified market nervousness.

    This high-profile clash has spilled over into public discourse, stirring economic fears and influencing investor decisions across multiple asset classes, including cryptocurrencies.

    Consequently, Bitcoin ETFs have borne the brunt of the sentiment shift, while Ethereum’s improving network fundamentals and strong institutional support have sustained investor interest.

    The best crypto to buy as the broader market drops

    Despite this turbulent backdrop, Bitcoin Pepe has emerged as the standout crypto investment amid market volatility and uncertainty.

    Bitcoin Pepe is a revolutionary meme-centric Layer 2 project built on the Bitcoin blockchain, combining Solana-style scalability with Bitcoin’s unparalleled security.

    Currently, Bitcoin Pepe is in its final presale stage, with just 11 days remaining before the much-anticipated listing announcement expected on June 17..

    What sets Bitcoin Pepe apart is its unique PEP-20 token standard.

    The project also boasts a high-growth roadmap with staking rewards and strategic partnerships.

    In a market shaken by political drama and ETF outflows, Bitcoin Pepe’s blend of cutting-edge technology and strong community appeal makes it a haven for forward-looking investors.

    As established cryptocurrencies struggle to maintain a bullish trend amid the Trump-Musk fallout, Bitcoin Pepe is among the fastest-growing cryptocurrencies, offering fresh excitement and genuine potential for exponential gains.

    Investors seeking a crypto that merges security, usability, and meme culture should consider Bitcoin Pepe’s presale opportunity before it closes.

    With the listing announcement just days away, buying now positions investors to capitalise on early adoption advantages and long-term growth prospects.

    To learn more and to buy Bitcoin Pepe, check out the official website.
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  • what’s fueling the June crypto rally?

    what’s fueling the June crypto rally?

    Bitcoin, Ethereum, XRP and Dogecoin rise in June rally

    • XRP open interest hits $5 billion, signalling possible breakout.
    • Dogecoin jumps above $0.20 as traders rotate into meme tokens.
    • Analysts forecast potential highs of $137K for BTC and $12K for ETH in 2025.

    The cryptocurrency market is gaining ground again in early June 2025, with Bitcoin, Ethereum, XRP, and Dogecoin all staging notable recoveries.

    As of Tuesday, June 3, Bitcoin is trading around $105,000, Ethereum has pushed past $2,600, XRP is testing $2.20, and Dogecoin is holding near $0.20.

    The rally follows a weekend of sharp liquidations and reflects renewed appetite among retail and institutional traders alike.

    While short squeezes and technical momentum are partly behind the surge, broader macroeconomic factors and growing speculation around crypto ETFs are playing a key role in lifting sentiment.

    Bitcoin holds firm above $105,000 as whales accumulate

    Bitcoin’s price action has rebounded strongly since the end of May, recovering from a series of declines that wiped nearly $1 billion in open interest.

    After bottoming out near $101,000, BTC reversed course with four consecutive days of gains, briefly hitting $106,560.

    As of writing, Bitcoin is trading at $105,265.

    Analysts attribute the rebound to ongoing whale accumulation, with on-chain data showing that large wallets have continued to absorb selling pressure during dips.

    Bitcoin price
    Source: CoinMarketCap

    That trend, often viewed as a precursor to further rallies, has helped BTC maintain upward momentum despite broader market fatigue.

    From a macro perspective, escalating geopolitical tensions and expectations around monetary easing have bolstered Bitcoin’s image as a non-correlated asset.

    With central banks signalling policy shifts and the US dollar weakening slightly, Bitcoin is increasingly seen as a hedge against volatility.

    Technically, Bitcoin remains supported above $103,000, with upside targets extending to $108,000 in the near term.

    If buying pressure continues, models suggest a rally toward $137,000 is possible this month, while long-term forecasts still point to a potential $400,000 valuation by 2030.

    Ethereum trades near $2,615, ETF speculation boosts sentiment

    Ethereum has rallied over 7% in the past three days, recovering from lows near $2,430 to reach a session high of $2,650.83.

    It is currently trading at under $2,610.

    Ethereum price
    Source: CoinMarketCap

    Ethereum’s price momentum is supported by growing speculation that the US Securities and Exchange Commission could approve a spot Ethereum ETF in the coming weeks.

    In addition to the ETF buzz, the Ethereum Foundation’s recent reorganisation has sparked fresh interest in the blockchain.

    A stronger focus on protocol development and staking infrastructure has drawn both institutional and retail inflows.

    Ethereum remains above its key moving averages, and chart watchers are eyeing a breakout past $2,810 to trigger further gains.

    However, previous attempts to breach that level have failed, suggesting that sustained bullish pressure is needed.

    Some models forecast Ethereum could test $6,000 this year, with upside potentially extending to $12,000 if institutional demand increases significantly.

    XRP builds pressure above $2.19 as open interest surges

    XRP is showing signs of a breakout, with the token climbing nearly 7% from weekend lows and currently hovering near $2.20.

    The price reached a daily high of $2.2229 on Tuesday, driven by a sharp increase in derivatives activity. XRP is trading at $2.21 currently.

    XRP price
    Source: CoinMarketCap

    Data shows open interest in XRP contracts nearing $5 billion, signalling high expectations of a decisive move.

    This surge in open positions has fuelled speculation of a short squeeze if prices climb higher.

    While XRP has historically seen large price movements during periods of heightened open interest, the absence of a clear catalyst—such as news on Ripple’s legal battle or an ETF approval—makes direction uncertain.

    Price models suggest XRP could reach between $4.50 and $10 by year-end if conditions align, though any downside reversal may trigger sharp corrections due to the leveraged nature of current trades.

    Dogecoin spikes to $0.2013 as traders rotate into meme coins

    Dogecoin is back in the spotlight, reaching an intraday high of $0.2013 after three straight days of gains. It is currently trading around $0.195.

    Dogecoin price
    Source: CoinMarketCap

    The move reflects a common pattern during broader crypto rallies, where profits from majors like Bitcoin and Ethereum are often redirected into higher-risk meme tokens.

    The Bollinger Bands for DOGE are widening, indicating increasing volatility.

    Traders are watching resistance near $0.2310 as the next level to break. If DOGE fails to hold support at $0.1900, a retest of $0.17 is possible.

    While DOGE remains speculative, short-term technicals suggest room for further upside if market sentiment remains bullish.

    What’s driving crypto prices higher today

    A mix of factors is behind the rally across major tokens.

    These include renewed institutional demand, technical momentum, macroeconomic concerns, and anticipation of regulatory clarity.

    The possibility of more ETF approvals and the integration of crypto in traditional finance are also boosting market confidence.

    The US Federal Reserve is expected to maintain a dovish stance in the coming months, which has weakened the dollar slightly and increased the appeal of digital assets.

    Additionally, falling bond yields and reduced inflation risks have encouraged traders to shift towards alternative investments, including crypto.
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  • Crypto ATM scams in Australia cause over AUD 3.1 million in losses

    Crypto ATM scams in Australia cause over AUD 3.1 million in losses

    Crypto ATM scams in Australia cause over AUD 3.1 million in losses

    • Over 150 unique scam reports filed with ReportCyber during the period.
    • Average loss per victim exceeded AUD 20,000.
    • Crypto ATMs in Australia surged from 40 in 2022 to over 1,800 by 2025.

    Australia is facing a fresh wave of crypto-related scams, this time involving the rapid expansion of cryptocurrency ATMs across the country.

    New data from ReportCyber shows that Australians lost over AUD 3.1 million to scams involving crypto ATMs between January 2024 and January 2025.

    The Australian Federal Police (AFP) has now issued a warning, urging greater public awareness as these frauds increasingly target vulnerable demographics, particularly those aged over 50.

    With more than 1,600 crypto ATMs now operating in the country—up from just 23 in 2019—the risk of exploitation is growing in parallel with accessibility.

    Over 150 reports filed, average loss tops AUD 20,000

    Between January 1, 2024, and January 1, 2025, Australia’s national cybercrime reporting platform, ReportCyber, received 150 reports specifically related to crypto ATM scams. This equates to roughly one report every two and a half days.

    The total estimated losses stood at AUD 3,107,600, with an average loss of more than AUD 20,000 per incident, according to the AFP.

    Authorities suggest that these numbers may only represent a fraction of the real impact. Many victims do not report their cases due to embarrassment, unawareness, or difficulty navigating the reporting process.

    AUSTRAC, the national financial intelligence agency, revealed that around AUD 275 million flows through cryptocurrency ATMs annually in Australia.

    A significant portion of that volume is linked to fraudulent activity, although the exact figure remains unquantified.

    Lack of regulation, rising usage worsen risk

    Crypto ATMs, often situated in easily accessible places such as convenience stores or next to children’s vending machines, offer convenience at the cost of security.

    Bitcoin’s irreversible nature and the low identification requirements of many machines make them ideal tools for scammers.

    Unlike traditional bank transactions, once crypto is sent via an ATM, there is virtually no way to recover the funds.

    The problem is not isolated to Australia. In the US, the Michigan Attorney General’s Consumer Protection Division has raised similar alarms about Bitcoin ATM scams targeting older adults.

    In Canada, authorities have previously flagged these machines as potential conduits for money laundering. The UK prosecuted an individual last year for operating an illegal Bitcoin ATM.

    Despite global efforts to crack down on misuse, regulations governing these machines remain patchy.

    Without mandatory Know-Your-Customer (KYC) procedures, scammers can exploit the anonymity and speed of crypto transfers to move illicit funds quickly and invisibly.

    Scammers prey on urgency, fake officials, and emotional manipulation

    Crypto ATM scams often follow well-established social engineering techniques.

    The AFP highlights that scammers typically contact victims posing as government officials, bank staff, or tech support agents.

    Some victims are lured through romance scams, investment promises, or job offers, often involving intense emotional manipulation and pressure to act urgently.

    The victim is then instructed to withdraw cash and deposit it into a crypto ATM, often while on a live call with the scammer.

    Fraudsters sometimes claim the transaction is necessary to “secure accounts” or prevent legal action.

    These tactics exploit both digital illiteracy and psychological vulnerability, especially among seniors.

    To combat these scams, the AFP and AUSTRAC recommend heightened public awareness and better education about cryptocurrency basics.

    As Bitcoin’s value continues to rise and ATM numbers grow, experts warn that the issue could worsen without coordinated regulatory intervention.
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  • Pakistan to create strategic Bitcoin reserve, earmarks 2000MW for crypto mining

    Pakistan to create strategic Bitcoin reserve, earmarks 2000MW for crypto mining

    Pakistan to create strategic Bitcoin reserve, earmarks 2000MW for crypto mining

    Pakistan is set to embark on a significant foray into the cryptocurrency landscape, with the government announcing plans to establish a strategic Bitcoin (BTC) reserve and allocate substantial energy resources to support Bitcoin mining operations.

    The announcement, delivered by Minister of State for Blockchain and Crypto Bilal Bin Saqib at the Bitcoin 2025 conference in Las Vegas on Wednesday, signals a bold new direction for the nation’s digital asset policy.

    Minister Bin Saqib revealed that Pakistan’s initiative to create a strategic Bitcoin reserve draws inspiration from similar nascent plans within US President Donald Trump’s administration.

    The US strategy reportedly involves populating its reserve, at least initially, with Bitcoin holdings seized from criminal and civil forfeitures, estimated to be around 200,000 BTC.

    He also noted that the Pakistani government is closely monitoring the US’s legislative efforts concerning stablecoins, specifically the ‘Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act,’ stating they are following it “very carefully.”

    Emphasizing a long-term commitment, Bin Saqib assured that, much like the bitcoins earmarked for the U.S. strategic reserve, Pakistan does not intend to liquidate its holdings.

    “This wallet, the national bitcoin wallet, is not for speculation or hype,” Bin Saqib declared.

    “We will be holding these bitcoins and we will never, ever sell them.”

    This HODL (Hold On for Dear Life) approach underscores a belief in Bitcoin’s enduring value and its potential as a national asset.

    Powering the future: energy allocation for mining and AI

    Beyond the strategic reserve, Pakistan is taking concrete steps to foster a domestic Bitcoin mining industry.

    Minister Bin Saqib announced that the government has earmarked a substantial 2,000 megawatts of electricity specifically for Bitcoin mining operations and AI data centers.

    This significant energy allocation is a clear invitation to global players in the crypto mining and infrastructure sectors.

    “We want to welcome all miners to come to Pakistan, all the infrastructure players to come to Pakistan and build with us,” Bin Saqib proclaimed, signaling an open-door policy aimed at attracting international investment and expertise to develop the country’s digital infrastructure.

    ‘Just the beginning’: a broader vision for crypto adoption

    According to Minister Bin Saqib, the establishment of a Bitcoin strategic reserve and the support for mining are merely the initial steps in Pakistan’s broader embrace of the cryptocurrency industry.

    He highlighted the transformative potential of digital assets for the nation’s large unbanked population.

    “We have over 100 million unbanked people. They lack tools for saving, for investment, and we want to change that. We want them to break their economic classes,” Bin Saqib explained.

    “And I really believe that crypto and blockchain can help us take that quantum leap.”

    He further articulated a vision that includes tokenizing illiquid national assets and implementing digital identification systems.

    “So Pakistan is looking for allies. Pakistan is looking for access, because Pakistan wants to build,” he concluded, emphasizing a collaborative approach to achieving these ambitious goals.

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  • Meme coins lead the way for new crypto users, Gemini finds

    Meme coins lead the way for new crypto users, Gemini finds

    Over 30% of crypto newcomers start with meme coins, says Gemini’s 2025 report

    • 94% of meme coin holders also invest in Bitcoin and Ethereum later.
    • US leads in meme coin adoption, with 31% starting their crypto journey with them.
    • Meme coins now have a combined market cap of $74.4 billion.

    Meme coins are no longer just a punchline in the crypto world.

    A new study by Gemini suggests these internet-born tokens are now the entry point for over 30% of new cryptocurrency users across key markets like the US, UK, and Australia.

    According to the State of Crypto 2025 report, meme coins such as Dogecoin and PEPE are not only attracting first-time investors but also acting as stepping stones into more established digital assets like Bitcoin (BTC) and Ethereum (ETH).

    This finding highlights a broader shift in investor behaviour and growing convergence between retail trends and institutional access.

    Gemini report shows meme coins as crypto onboarding tools

    The report draws on data from 7,205 respondents across six countries and reveals that meme coins serve as early training tools for new investors.

    In the US, 31% of those who own both meme coins and traditional cryptocurrencies said they bought meme tokens first.

    The trend is mirrored across other markets, with 30% in Australia, 28% in the UK, 23% in Singapore, 22% in Italy, and 19% in France following a similar pattern.

    This shift in entry behaviour reflects meme coins’ growing role in demystifying wallets, decentralised exchanges, and tokenomics.

    Gemini’s data shows that 94% of meme coin holders eventually invest in major cryptocurrencies.

    This progression underlines the fact that meme tokens act as gateways rather than endpoints in crypto journeys.

    Institutional crypto access rises as meme coins gain ground

    The increasing legitimacy of meme coins coincides with a significant institutional push into digital assets.

    The Gemini report finds that 39% of US investors now hold crypto through exchange-traded funds (ETFs).

    These regulated instruments are bringing new credibility to the space and creating overlap with retail-driven segments like meme coins.

    Combined market capitalisation for meme coins currently stands at $74.4 billion, according to CoinGecko.

    What started as parody has developed into a meaningful vertical within the broader crypto market.

    The synergy between viral meme content and professionalised investment vehicles suggests that crypto adoption is maturing in complexity and scale.

    Adding further momentum is the political backdrop in the US. President Donald Trump has voiced support for crypto, even proposing the creation of a Strategic Bitcoin Reserve.

    His stance aligns with a wider regulatory shift that includes approvals for spot Bitcoin ETFs.

    Together, these factors contribute to a climate that supports both the entertainment value of meme coins and the financial rigour of traditional crypto investments.

    Community engagement now drives meme coin valuation

    The latest sentiment from industry insiders supports the growing seriousness around meme coin investment.

    Justin Sun, founder of Tron and an advisor to Huobi Global, also commented on this trend.

    He highlighted that success in meme coins requires more than virality—it demands genuine community engagement.

    For Sun, this means looking beyond follower counts to actual participation and interest.

    He described meme coin projects as requiring the same level of commitment as major crypto platforms to gain traction and achieve long-term viability.

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