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Activity Period: 2025-05-29 08:00 UTC to 2025-06-12 08:00 UTC
Polkadot (DOT) is currently trading at $3.97, reflecting a slight decline of -0.057% for the day.
Technical Overview:
Support Level: $3.70
Resistance Level: $4.50
Market Sentiment: Neutral
Fear & Greed Index: 74 (Greed)
Analysts observe that DOT is consolidating between the support at $3.70 and resistance at $4.50. A breakout above $4.50 could signal a bullish trend, while a drop below $3.70 might indicate further downside.
Future Outlook:
Looking ahead, some forecasts suggest that if DOT breaks above the current resistance, it could target levels between $9.86 and $14.18 in 2025.
SharpLink Gaming (NASDAQ: $SBET) has announced plans to raise up to $1 billion through a shelf offering to purchase Ethereum (ETH) as part of its new corporate treasury strategy. This move follows a $425 million private placement completed on May 27, 2025, where the company sold 69.1 million shares at $6.15 each, intending to convert the proceeds into ETH.
The strategy mirrors that of MicroStrategy's Michael Saylor, known for significant Bitcoin acquisitions. In line with this, SharpLink has appointed Ethereum co-founder Joseph Lubin as chairman of its board of directors.
Following these announcements, SharpLink's stock (SBET) experienced a substantial surge, with shares increasing over 1,000% in a single day and continuing to rise thereafter.
As of the latest data, Ethereum is trading at approximately $2,520.83, with a daily range between $2,494.41 and $2,641.73.
As of May 30, 2025, Ethereum (ETH) is trading at approximately $2,634, reflecting a recent decline of about 4.7%.
According to Glassnode's on-chain analysis, the average Ethereum ETF investor is currently experiencing significant unrealized losses. Specifically, ETH is trading below its realized price of $1,730, indicating an average unrealized loss of approximately 30% across the market. For ETH 2.0 depositors, the situation is more pronounced, with a realized price cost basis of $2,400, leading to an average unrealized loss of nearly 49.5% .
Recent data also points to substantial outflows from Ethereum ETFs. For instance, on March 10, 2025, Ethereum-based ETFs experienced a net outflow of $34 million, with significant withdrawals from Fidelity's FETH (-$23.7 million) and Grayscale's ETHE (-$4.8 million) . Additionally, the week ending March 24, 2025, saw US Spot Ethereum ETFs facing a net outflow of 76,300 ETH, marking the third-largest weekly outflow since their inception .
These trends suggest a bearish sentiment among investors, with many Ethereum ETF holders currently underwater on their investments.
Crypto experts identify potential 100x projects early by focusing on key fundamentals:
They analyze whitepapers for innovation, assess tokenomics for sustainability, evaluate team credibility, and scrutinize roadmaps for realistic milestones. Engaging in communities on platforms like Discord and Reddit, and monitoring GitHub activity, provides insights into a project's development and community engagement.
Experts also track emerging narratives such as AI integration, real-world asset tokenization, and zero-knowledge technologies. They prioritize projects with low market caps, decentralized ownership, and active user engagement. Hands-on testing of dApps and participation in early-stage ecosystems, including launchpads and incubators, are common practices.
By avoiding projects with anonymous teams, lack of innovation, or poor liquidity, experts mitigate risks. This strategic approach enables them to identify high-potential projects before mainstream adoption.
No more ETH dumps? Ethereum Foundation turns to DeFi for cash
The Ethereum Foundation has allocated 45000 ETH (approx $120M) to DeFi protocols like Aave Spark and Compound to generate yield and reduce reliance on selling ETH. This strategic move is expected to earn ~$1.5M annually while supporting the DeFi ecosystem and improving treasury sustainability
#INJ is now trading around $15. #INJ already broke out of the cup and handle pattern on the daily timeframe, which is a bullish pattern. So, the possible scenario, according to the pattern, is a 15-20% pump. Keep an eye on it.
Block Inc. (NYSE: $SQ), led by Jack Dorsey, plans to integrate Bitcoin payments into its Square platform by 2026. This initiative will enable merchants to accept Bitcoin transactions through Square's point-of-sale systems, utilizing the Lightning Network for faster and more cost-effective payments. The rollout is expected to begin in the second half of 2025, pending regulatory approvals, with full availability anticipated in 2026.
In addition to this, Block is enhancing its Bitcoin ecosystem through several strategic moves:
Monthly Bitcoin Investments: Block has committed to investing 10% of its gross profit from Bitcoin products into purchasing the cryptocurrency each month.
Bitkey Wallet: In December 2023, Block launched Bitkey, a self-custody Bitcoin wallet, in 95 countries. This wallet allows users to manage and store their Bitcoin independently of third-party exchanges.
Bitcoin Mining Hardware: Block is developing its own Bitcoin mining system, including a three-nanometer mining chip. In July 2024, Block signed an agreement to supply its chips to Bitcoin miner Core Scientific.
These initiatives reflect Block's broader strategy to promote Bitcoin adoption and integrate it into everyday commerce.
Ethereum (ETH) has surged to $2,634.77, marking a 4% increase, following SharpLink Gaming Inc.'s announcement of a $425 million investment to acquire 120,000 ETH as part of its new treasury strategy. This move, backed by Consensys, has bolstered market confidence.
Analysts are optimistic about Ethereum's trajectory, citing bullish indicators such as a breakout from a multimonth downtrend and increased network activity. The total value locked (TVL) in Ethereum has risen by 41% to $52.8 billion over the past month, with daily transactions up by 22%.
While Ethereum faces resistance levels between $2,100 and $2,800, the current momentum suggests a potential climb towards the $3,000 psychological barrier in the near term.
Bitcoin ($BTC ) surged to an all-time high of $110,387, fueled by strong institutional demand, including MicroStrategy’s recent $427M purchase.
XRP ($XRP ) maintains support around $2.34 amid ongoing SEC litigation and anticipation surrounding ETF decisions.
Dogecoin ($DOGE ) trades steadily at $0.22999, awaiting the SEC's decision on Bitwise's DOGE ETF, now expected by June 15.
📰 Noteworthy Developments
Ethereum Co-Founder Joins SharpLink Gaming: Joseph Lubin has been appointed Chairman at SharpLink Gaming, which has raised $425 million to enhance its crypto treasury.
SEC Delays ETF Decisions: The SEC has postponed decisions on two anticipated cryptocurrency ETFs. The verdict on Bitwise's Dogecoin ETF is now expected by June 15, while Franklin's XRP Fund decision is delayed until June 17.
📊 Current Prices
$BTC : $110,048 (+0.33%)
$XRP : $2.34 (+0.43%)
$DOGE : $0.22999 (+1.95%)
#CryptoNews #BTCAllTimeHigh #XRPUpdates *Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.*
WalletConnect Token (WCT): Powering the Future of Web3 Connectivity
WalletConnect Token (WCT) serves as the native utility token of the WalletConnect Network, a decentralized infrastructure that facilitates seamless connections between wallets and decentralized applications (dApps) across various blockchain ecosystems. Designed to enhance the on-chain user experience (UX), WCT plays a pivotal role in staking, governance, rewards, and fee mechanisms within the network.
Key Features:
Staking: Node operators and participants stake WCT to engage in network operations, with rewards influenced by stake amount and duration.
Governance: WCT holders can vote on proposals affecting network development, including fee structures and reward distributions.
Rewards: A portion of WCT supply is allocated to incentivize participants, including staking rewards and performance-based incentives for node operators and wallet providers.
Fees: While the network currently doesn't charge usage fees, a governance-approved fee model may be introduced, where applications and SDKs would pay fees using WCT.
Tokenomics:
Current Price: $0.7686 USD
Market Cap: Approximately $125 million
Circulating Supply: 186.2 million WCT
Total Supply: 1 billion WCT
24h Trading Volume: Over $150 million
Recent Developments: WalletConnect has recently expanded its reach by integrating with the Solana blockchain, marking the beginning of its multichain journey.
The Blockchain Group Acquires 580 BTC, Achieves 709.8% BTC Yield YTD
The Blockchain Group,a French
The Blockchain Group Acquires 580 BTC, Achieves 709.8% BTC Yield YTD
The Blockchain Group, a French tech consulting firm, has acquired 580 Bitcoin (BTC) for approximately €47.3 million (~$50.8 million), marking its largest BTC purchase to date. This acquisition was financed through a €48.6 million convertible bond issuance completed earlier in March 2025.
With this purchase, the company's total Bitcoin holdings have increased to 620 BTC, valued at around €50.5 million. The Blockchain Group has adopted a Bitcoin-centric treasury strategy, introducing key performance indicators such as BTC Yield, BTC Gain, and BTC € Gain to measure its performance.
This strategic shift has positively impacted the company's stock performance, with shares rising over 220% since initiating its Bitcoin treasury strategy in November 2024.
Bitlayer secures 31.5% of Bitcoin's hashrate to bring smart contracts to BTC
Bitlayer has secured 31.5% of Bitcoin's hashrate through partnerships with major mining pools like Antpool, F2Pool, and SpiderPool. This collaboration facilitates the integration of smart contracts into Bitcoin via BitVM, a Layer 2 solution enabling complex computations without altering Bitcoin's core protocol. BitVM operates by allowing off-chain computation with on-chain verification, akin to optimistic rollups used in other blockchain ecosystems.
Bitlayer's trust-minimized bridge, developed under the BitVM paradigm, connects Bitcoin to multiple Layer 1 and Layer 2 networks, including Base, Starknet, Arbitrum, Sonic, and Plume Network. This bridge unlocks approximately $1.9 trillion in Bitcoin liquidity, enabling use cases like yield farming, lending, and staking across various DeFi platforms.
With over 200 decentralized applications launched and a total value locked (TVL) reaching $850 million, Bitlayer is rapidly expanding Bitcoin's utility in the decentralized finance space. The upcoming Mainnet V2 aims to transition Bitlayer into a Bitcoin rollup, further enhancing scalability and security.