XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) plunged to a 10-week low Sunday as the cryptocurrency market broke into a sweat over rising tensions in the Middle East.



What happened: The payment-focused coin plunged to an intraday low of $1.91, a level last seen on April 9. Trading volume bumped 64% to $5 billion, indicating high selling pressure.



XRP fell alongside the broader market retreat as the U.S. involvement in the Iran-Israel war triggered risk-off sentiment, with <a href="https://www.benzinga.com/crypto/25/06/46045060/bitcoin-ethereum-dogecoin-fall-as-us-involvement-in-iran-israel-war-threatens-oil-prices-spike-arthur-hayes-says-weakness-shall-pass-and-btc-will-show-its-safe-haven-status">investors fearing a larger conflict and a rise in oil prices</a>.



Interestingly, the Commodity Channel Index, which measures the difference between the current price and the historical average price, was negative as of this writing, <a href="https://www.tradingview.com/symbols/XRPUSD/technicals/">according </a>to TradingView, signaling an oversold level and a potential &#8220;Buy.&#8221;



However, the Moving Average Convergence Divergence indicator, which compares an asset's short-term price to its long-term price, flashed a "Sell."



XRP's derivatives market was also spooked, with open interest falling 4.76% in the last 24 hours, <a href="https://www.coinglass.com/LongShortRatio">according </a>to Coinglass. That said, more than 70% of traders on Binance with open XRP positions were long as of this writing.&nbsp;



Around 68% of the top XRP trader accounts on Binance were leveraged long, suggesting the possibility of a comeback.



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46043263/crypto-friendly-startup-bank-circles-stock-surge-and-more-this-week-in-crypto">Crypto-Friendly Startup Bank, Circle&#8217;s Stock Surge And More: This Week In Crypto</a>



XRP's correction follows large-scale minting of Ripple Labs' dollar-pegged stablecoin Ripple USD (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">RLUSD</a>), worth nearly $430 million in market capitalization as of this writing.



About 13 million RLUSD were minted Saturday on the Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) blockchain, according to the Ripple Stablecoin Tracker.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f4b5;&#x1f4b5;&#x1f4b5;&#x1f4b5;&#x1f4b5;&#x1f4b5;&#x1f4b5; 13,000,000 <a href="https://twitter.com/hashtag/RLUSD?src=hash&amp;ref_src=twsrc%5Etfw">#RLUSD</a> minted at RLUSD Treasury.<a href="https://t.co/jFg5abHIss">https://t.co/jFg5abHIss</a>&mdash; Ripple Stablecoin Tracker (@RL_Tracker) <a href="https://twitter.com/RL_Tracker/status/1936102816784806363?ref_src=twsrc%5Etfw">June 20, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Ripple has been attempting to integrate RLUSD into its operations. Earlier this month, the stablecoin received <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45751163/ripples-stablecoin-rlusd-gets-regulatory-nod-in-dubai">regulatory approval</a> from the Dubai Financial Services Authority, allowing it to be used as a legal payment mechanism within the Dubai International Financial Centre



Price Action:&nbsp; At the time of writing, XRP was exchanging hands at $2.01, down 3.18% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;



Read Next:&nbsp;



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<li><a href="https://www.benzinga.com/crypto/25/06/46045293/fartcoin-defies-bitcoin-ethereum-retreat-with-a-6-rally-sunday-night-whats-going-on">Fartcoin Defies Bitcoin, Ethereum Retreat With A 6% Rally Sunday Night — What&#8217;s Going On?</a></li>
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Photo courtesy: Shutterstock

XRP Struggles As Geopolitical Tensions Spur Risk-Off Sentiment: Ripple Continues To Mint RLUDS Stablecoin In Hordes

Financial guru Robert Kiyosaki issued a stark warning about a potential global monetary collapse Sunday, advising followers to invest in gold, silver, and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).



What Happened: Kiyosaki, the best-selling author of &#8220;Rich Dad Poor Dad,&#8221; took to X, predicting a global debt bubble burst. 



&#8220;I recommend owning gold, silver, and BITCOIN if you want to be richer when the Global Debt Bubble bursts,&#8221; he stated. &#8220;BIGGEST LOSERS will be savers of fake fiat money and especially bonds.&#8221;



Kiyosaki advised his followers to take action and avoid becoming poorer due to &#8220;obsolete ideas&#8221; about money.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">GLOBAL MONETARY COLLAPSE COMING? Will you be richer or poorer when biggest debt bubble in history bursts. I recommend owning gold, silver, and BITCOIN if you want to be richer when the Global Debt Bubble bursts. BIGGEST LOSERS will be savers of fake fiat money and especially…&mdash; Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1936989017079238876?ref_src=twsrc%5Etfw">June 23, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46043263/crypto-friendly-startup-bank-circles-stock-surge-and-more-this-week-in-crypto">Crypto-Friendly Startup Bank, Circle&#8217;s Stock Surge And More: This Week In Crypto</a> 



Why It Matters: Kiyosaki&#8217;s warning echoed his previous predictions about a 2025 crash <a href="https://www.benzinga.com/personal-finance/management/25/06/45949470/bail-yourself-out-warns-robert-kiyosaki-says-the-2025-crisis-could-be-worse-than-2008-and-savers-are-losers-in-this-economy">that could be worse than the 2008 financial crisis</a>. He has consistently urged households to swap fiat cash for gold, silver, and Bitcoin, insisting that &#8220;savers are losers&#8221; in the current economy. 



Previously, he predicted <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45485038/robert-kiyosaki-predicts-bitcoin-to-reach-250000-buy-more-do-not-sell">Bitcoin to surge to $250,000</a>, attributing it to a potential collapse of the central bank system. 



While Kiyosaki has been a strong advocate of Bitcoin, his predictions should be taken with a pinch of salt. He projected Bitcoin would hit $100,000 in June 2024. Needless to say, the forecast was way off target. He even painted a&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39198509/rich-dad-poor-dad-author-robert-kiyosaki-comes-up-with-another-bold-projection-bitcoin-wil" target="_blank" rel="noreferrer noopener">$350,000 price target</a>&nbsp;by August 2024.



Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $101,227.88, down 1.35% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;Year-to-date, the apex cryptocurrency has gained only 7%.



Spot gold traded at $3,360.19 per ounce, down 0.24%, while spot silver gained 0.14% to $36.0445 as of this writing. Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/25/06/46045060/bitcoin-ethereum-dogecoin-fall-as-us-involvement-in-iran-israel-war-threatens-oil-prices-spike-arthur-hayes-says-weakness-shall-pass-and-btc-will-show-its-safe-haven-status" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Fall As US Involvement In Iran-Israel War Threatens Oil Prices Spike: Arthur Hayes Says &#8216;Weakness Shall Pass&#8217; And BTC Will Show Its Safe Haven Status</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>



Photo courtesy: Shutterstock

'Rich Dad Poor Dad' Author Robert Kiyosaki Warns Of Global Debt Collapse, Urges Buying Gold, Silver, Bitcoin

Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) co-founder and executive chairman Michael Saylor hinted at more Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) purchases Sunday, despite the apex cryptocurrency's dip below $100,000 due to escalating Middle East tensions.



What happened: Saylor posted a chart that tracks the company&#8217;s Bitcoin purchases on X, with the caption, &#8220;Nothing Stops This Orange.&#8221;



Saylor has been <a href="https://www.benzinga.com/25/04/44784106/michael-saylor-teases-bitcoin-purchases-after-a-two-week-halt-with-no-tariffs-on-orange-dots">writing such cryptic Sunday posts for several months now</a>, and they nearly always precede Bitcoin purchases the following Monday.&nbsp;



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Nothing Stops This Orange <a href="https://t.co/NwtiXWl4MT">pic.twitter.com/NwtiXWl4MT</a>&mdash; Michael Saylor (@saylor) <a href="https://twitter.com/saylor/status/1936756247547830630?ref_src=twsrc%5Etfw">June 22, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Last week, his Bitcoin holding company <a href="https://www.benzinga.com/crypto/25/06/45990339/michael-saylors-strategy-nears-600000-bitcoin-after-1-billion-buy-funded-by-high-yield-ipo-says-td-cowen-sees-very-safe-upside">increased its treasury to 592,100 BTC</a> following a $1 billion purchase funded primarily through a preferred stock offering. The total value of the stash was worth nearly $60 billion as of this writing, marking an unrealized gain of 43%.



Peter Schiff, economist and vocal Bitcoin critic, weighed in, asking who else is "buying the dip below $100k?"



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Other than <a href="https://twitter.com/saylor?ref_src=twsrc%5Etfw">@saylor</a>, who&#39;s buying the dip below $100k?&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1936800007602213204?ref_src=twsrc%5Etfw">June 22, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46043263/crypto-friendly-startup-bank-circles-stock-surge-and-more-this-week-in-crypto">Crypto-Friendly Startup Bank, Circle&#8217;s Stock Surge And More: This Week In Crypto</a>



Why It Matters: Cryptocurrencies and stocks were sent into a tailspin after the <a href="https://www.benzinga.com/crypto/25/06/46045060/bitcoin-ethereum-dogecoin-fall-as-us-involvement-in-iran-israel-war-threatens-oil-prices-spike-arthur-hayes-says-weakness-shall-pass-and-btc-will-show-its-safe-haven-status">U.S. attacked Iran</a> Saturday, prompting the Middle Eastern country to consider closing the Strait of Hormuz, the world&#8217;s most sensitive oil shipping chokepoint.



While Bitcoin <a href="https://polymarket.com/event/will-iran-close-the-strait-of-hormuz-before-july?tid=1750648756719">recovered following a plunge below $99,000</a>, the sentiment remains grim. Cryptocurrency bettors saw a 31% probability that Iran would close the Strait of Hormuz before July.



Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $101,300.56, down 1.18% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;



Shares of Strategy closed 0.18% higher at $369.70 during Friday's regular trading session.



MSTR demonstrated a very high momentum score—a measure of the stock&#8217;s relative strength based on its price movement patterns and volatility over multiple timeframes—as of this writing. To filter similar high-momentum stocks for your portfolio, visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> for more details.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="440" height="196" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/22232807/image-318.png" alt="" class="wp-image-957396" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/22232807/image-318.png 440w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/22232807/image-318-300x134.png 300w" sizes="(max-width: 440px) 100vw, 440px" /></a></figure>



Read Next:&nbsp;



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<li><a href="https://www.benzinga.com/crypto/25/06/46045293/fartcoin-defies-bitcoin-ethereum-retreat-with-a-6-rally-sunday-night-whats-going-on">Fartcoin Defies Bitcoin, Ethereum Retreat With A 6% Rally Sunday Night — What&#8217;s Going On?</a></li>
</ul>



Photo courtesy: Shutterstock

Strategy's Michael Saylor Signals No Halt To Bitcoin Purchases Despite Plunge Below $100,000: Peter Schiff Asks Who Else Is Buying The Dip

Fartcoin (FARTCOIN) was trading higher Sunday night, bucking the decline in the broader cryptocurrency market.



What happened: The Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based memecoin jumped over 6% in the last 24 hours, with trading volume spiking 20% to $267 million.



The rally propelled FARTCOIN to become one of the market&#8217;s top gainers and the most successful memecoin in the last 24 hours.



The spike defied the broader dip, with heavyweights like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) falling 1.24% and 1.22%, respectively, on <a href="https://www.benzinga.com/crypto/25/06/46045060/bitcoin-ethereum-dogecoin-fall-as-us-involvement-in-iran-israel-war-threatens-oil-prices-spike-arthur-hayes-says-weakness-shall-pass-and-btc-will-show-its-safe-haven-status">escalating geopolitical tensions</a> and rising oil prices.



Interestingly, FARTCOIN also outperformed in April when other currencies were rocked by President Donald Trump&#8217;s <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44660568/fartcoin-returns-over-8-in-a-week-marked-by-dogecoin-ethereum-bloodbath">sweeping tariff measures</a>. The coin reached a high of $1.60 in May but has plummeted over 40% since then.



The key&nbsp;Moving Average Convergence Divergence indicator, which compares two exponential moving averages of an asset&#8217;s price, flashed a &#8220;Sell&#8221; signal for FARTCOIN, <a href="https://www.tradingview.com/symbols/FARTCOINUSDT/technicals/?exchange=KRAKEN">according</a> to TradingView. However, the Stochastic RSI, which measures the level of the RSI relative to its high-low range over a period, signaled a &#8220;Buy.&#8221;



Price Action:&nbsp; At the time of writing, FARTCOIN was exchanging hands at $0.9355, up 6.19% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46043263/crypto-friendly-startup-bank-circles-stock-surge-and-more-this-week-in-crypto">Crypto-Friendly Startup Bank, Circle&#8217;s Stock Surge And More: This Week In Crypto</a></li>
</ul>



Photo courtesy: Wirestock Creators on Shutterstock.com

Fartcoin Defies Bitcoin, Ethereum Retreat With A 6% Rally Sunday Night — What's Going On?

Leading cryptocurrencies slid on Sunday as investors feared a larger conflict following the U.S.'s involvement in the Iran-Israel war.



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 8:35 p.m. ET)</th></tr></thead><tbody><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>-1.95%</td><td>$100,965.74</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-2.33%</td><td>$2,244.24</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-3.23%</td><td>$0.1520</td></tr></tbody></table></figure>



What Happened: Bitcoin plunged below $99,000 late in the afternoon, but an overnight spike helped pare some of the losses.



Ethereum tumbled to an intraday low of $2,116.68, a level not seen since early May.



The two blue-chip coins recorded a sharp jump in trading volumes, indicating strong selling pressure.



Nearly $657 million was liquidated from the cryptocurrency market in the last 24 hours, with $524 million in longs wiped out.



Bitcoin&#8217;s Open Interest fell 1.44% in the last 24 hours, broadly matching the decline in the spot price.



The market sentiment improved from "Fear" to "Neutral" in the last 24 hours, according to the Crypto Fear &amp; Greed Index.



Top Gainers (24 Hours)



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 8:35 p.m. ET)</th></tr></thead><tbody><tr><td>Hyperliquid (HYPE)</td><td>+4.57%</td><td>$35.43</td></tr><tr><td>Kaia (KAIA) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+3.72%</td><td>$0.1884</td></tr><tr><td>Fartcoin (FARTCOIN)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+3.33%</td><td>$0.9338 </td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $3.09 trillion, following a decline of 2.19% in the last 24 hours.



Stock market futures edged lower overnight Sunday. The Dow Jones Industrial Average Futures fell 179 points, or 0.42%, as of 8:38 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 slid 0.42%, while Nasdaq 100 Futures lost 0.55%.



The market felt jittery as the <a href="https://www.benzinga.com/news/politics/25/06/46043305/donald-trump-announces-spectacular-military-success-as-us-strikes-key-iranian-nuclear-sites">U.S. joined the war against Iran</a>, executing precision strikes on the nuclear facilities in the Middle Eastern country.&nbsp;



In response, Iran&#8217;s parliament<a href="https://www.benzinga.com/news/politics/25/06/46044009/us-iran-tensions-escalate-as-iran-threatens-hormuz-closure-potentially-rattling-global-oil-markets"> voted to authorize</a> the potential closure of the Strait of Hormuz, the world's most sensitive oil shipping chokepoint, sending oil prices spiking. The U.S. West Texas Intermediate rose 0.92% to $75.86 a barrel, marking a five-month high.



See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>



Analyst Notes: In a note to Benzinga, the co-founder and COO of Bitcoin IRA said, "The biggest fear for the U.S. economy remains the geopolitical choke point of the Strait of Hormuz, where retaliation could skyrocket oil prices and cause significant economic uncertainty.



He said that this could boost Bitcoin's appeal, as the coin represents a "freedom from fiat currency and the economic constraints" that come with traditional monetary systems



Arthur Hayes, co-founder of cryptocurrency exchange BitMEX and Chief Investment Officer at Maelstrom Fund, noted Bitcoin's dip below $100,000 and anticipated more central bank money printing and government spending in the future.



"This weakness shall pass and BTC will leave no doubt as to its safe haven status," he added.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Do you hear that? … it's the sound of the money printers revving up to do their patriotic duty. This weakness shall pass and <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> will leave no doubt as to its safe haven status. <a href="https://t.co/PTfZaAXFp7">pic.twitter.com/PTfZaAXFp7</a>&mdash; Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1936854369980346588?ref_src=twsrc%5Etfw">June 22, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Read Next:&nbsp;&nbsp;&nbsp;&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/06/46025230/why-a-public-healthcare-firm-wants-to-hold-more-bitcoin-than-most-countries">Why A Public Healthcare Firm Wants To Hold More Bitcoin Than Most Countries</a></li>
</ul>



Photo courtesy: Shutterstock

Bitcoin, Ethereum, Dogecoin Fall As US Involvement In Iran-Israel War Threatens Oil Prices Spike: Arthur Hayes Says 'Weakness Shall Pass' And BTC Will Show Its Safe Haven Status

The past week in the world of finance and technology was nothing short of exciting. From the backing of a crypto-friendly startup bank by big names in tech to the stunning surge of Circle&#8217;s stock, there was no shortage of intriguing developments.



Here&#8217;s a quick recap of the top stories that made headlines.



Anduril And Palantir Founders Back Crypto-Friendly Startup Bank



Palmer Luckey, founder of defense technology startup&nbsp;Anduril Industries, and&nbsp;Joe Lonsdale, co-founder of&nbsp;Palantir Technologies, have reportedly invested in a cryptocurrency-friendly banking startup. The startup aims to provide stability to Silicon Valley and assist tech entrepreneurs in growing their businesses.



<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45944062/anduril-founder-palmer-luckey-palantir-co-founder-joe-lonsdale-to-invest-in-crypto-friendly-startup-bank-report">Read the full article here.</a>



Circle&#8217;s Stock Skyrockets By 540%



Circle Internet Group, Inc., the issuer behind the USD Coin, saw its stock surge by a whopping 540% since its IPO on June 5. The rally gained further momentum following the U.S. Senate&#8217;s passage of the GENIUS Act, a bill that would formally regulate dollar-backed stablecoins.



<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46030182/circle-stock-rockets-540-cathie-wood-says-weve-just-begun">Read the full article here.</a>



See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/06/46032425/tokens-are-a-lemon-market-heres-how-to-fix-it" target="_blank" rel="noreferrer noopener">Tokens Are A Lemon Market&#8230;Here&#8217;s How To Fix It</a>



Bitcoin, Ethereum, Dogecoin Remain Rangebound



Leading cryptocurrencies, including Bitcoin, Ethereum and Dogecoin, moved sideways as Federal Reserve Chair Jerome Powell signaled slower growth and hotter inflation. Bitcoin consolidated in the $104,000-$105,000 range.



<a href="https://www.benzinga.com/crypto/25/06/46010229/bitcoin-ethereum-dogecoin-rangebound-as-fed-chair-jerome-powell-highlights-tariff-induced-uncertainty-analyst-says-these-2-levels-are-key-for-btc">Read the full article here.</a>



Dogecoin Could See A 60% Move



Cryptocurrency analyst Ali Martinez projected a 60% price move for Dogecoin once it breaks free from a symmetrical triangle pattern. This pattern typically indicates a period of consolidation in the market before a potential breakout or breakdown.



<a href="https://www.benzinga.com/crypto/25/06/46020265/dogecoin-could-see-a-60-move-if-it-breaks-out-of-this-range-says-analyst-but-what-determines-its-direction">Read the full article here.</a>



Elizabeth Warren&#8217;s Warning on Stablecoins



Sen. Elizabeth Warren (D-Mass.) warned that stablecoin legislation could enable billionaires like Elon Musk and Jeff Bezos to exploit user data and engage in unfair trade practices. She argued that the GENIUS Act has a major loophole that allows Big Tech and major retailers to issue their own stablecoins.



<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45965853/elizabeth-warren-says-billionaires-like-jeff-bezos-and-elon-musk-will-track-your-purchases-if-allowed-to-launch-stablecoins-and-stick-you-with-the-bill-when-it-blows-up">Read the full article here.</a>



Read Next:



<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/25/06/45990647/trump-financial-disclosures-reveal-barron-trumps-potential-40-million-windfall-from-crypto-project" target="_blank" rel="noreferrer noopener">Trump Financial Disclosures Reveal Barron Trump&#8217;s Potential $40 Million Windfall From Crypto Project</a></li>
</ul>



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>



Photo courtesy: Shutterstock

Crypto-Friendly Startup Bank, Circle's Stock Surge And More: This Week In Crypto

Major cryptocurrencies are seeing red as markets cooled off from recent gains. 



Despite ongoing institutional accumulation, prices dipped following a technical rejection that triggered a wave of <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46027460/bitcoin-veteran-trader-goes-long-again-after-15-million-in-losses-will-third-time-be-the-ch">short-term caution</a>. As geopolitical tensions rise, market sentiment appears risk-off heading into the weekend.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Gains +/-</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$103,120.56</td><td>-1.2%</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$2,408.11</td><td>-4.1%</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$138.63</td><td>-4.8%</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.11</td><td>-2.5%</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.1617</td><td>-5%</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001127</td><td>-2.6%</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>IntoTheBlock data shows large transaction volume decreasing by 27.8% and daily active addresses falling by 2.5%. Transactions greater than $100,000 are down from 10,533 to 9,611 in a single day. Exchanges netflows are down by 741.9%.</li>



<li>Coinglass data reports 130,673 traders were liquidated in the past 24 hours, with the total liquidations at $467.69 million.</li>
</ul>



Notable Developments:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/06/46025230/why-a-public-healthcare-firm-wants-to-hold-more-bitcoin-than-most-countries">Why A Public Healthcare Firm Wants To Hold More Bitcoin Than Most Countries</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46019280/trump-connected-company-pulls-back-from-family-crypto-business">Trump-Connected Company Pulls Back From Family Crypto Business</a></li>



<li><a href="https://www.benzinga.com/etfs/sector-etfs/25/06/46024346/xrp-next-big-etf-bet-polymarket-bettors-predict">Why XRP Could Be The Next Big ETF Bet And What Polymarket Traders Know That You Don&#8217;t</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46025145/saks-stablecoin-bill-treasury-buying-trump-ties-cloud-push">Sacks Says New Bill Allows Stablecoins To Soak Up Trillions—But Trump Ties Cloud The Push</a></li>



<li><a href="https://www.benzinga.com/crypto/25/06/46021402/peter-schiff-says-he-intends-to-launch-gold-backed-stablecoins-deems-dollar-as-a-flawed-fiat-currency">Peter Schiff Says He Intends To Launch Gold-Backed Stablecoins, Deems Dollar As A &#8216;Flawed&#8217; Fiat Currency</a></li>



<li><a href="https://www.benzinga.com/news/social-media/25/06/46033842/did-tiktok-try-to-bribe-trump-with-300m-in-crypto-the-company-fires-back">Did TikTok Try to Bribe Trump With $300M In Crypto? The Company Fires Back</a></li>



<li><a href="https://www.benzinga.com/analyst-stock-ratings/initiation/25/06/46034000/circles-flagship-stablecoin-usdc-set-for-rapid-growth-analyst-says-regulatory-climate-key">Circle&#8217;s Flagship Stablecoin USDC Set For Rapid Growth, Analyst Says Regulatory Climate Key</a></li>
</ul>



Top Losers:



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Gains +/-</td></tr><tr><td>SPX6900 (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">SPX</a>)</td><td>$1.11</td><td>-16.8%</td></tr><tr><td>AB (CRYPTO: AB)</td><td>$0.01260</td><td>-12.7%</td></tr><tr><td>Sonic (CRYPTO: S)</td><td>$0.2816</td><td>-12.5%</td></tr></tbody></table></figure>



Trader Notes: CrediBULL Crypto <a href="https://x.com/CredibleCrypto/status/1936116976390152258">believes</a> Bitcoin may have bottomed at range lows, potentially forming a triple tap base. He's opened a long position, his first in weeks, expecting a bounce from the current green support zone. If this level breaks, the downside target is $94,000–$98,000, though he views both outcomes as technically healthy corrections.



Rekt Capital <a href="https://x.com/rektcapital/status/1936124289360523713">highlights</a> Bitcoin's continued defence of the $104,400 level, now holding for six straight weeks. All eyes are on the weekly close; a seventh consecutive hold would confirm this zone as a solid accumulation base and strengthen the case for near-term upside.



Michael van de Poppe notes that Bitcoin faced rejection at a key resistance, triggering a broader market correction. A liquidity sweep may be underway, creating the conditions for potential buy-the-dip setups. He advises patience and careful monitoring of support levels.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Crucial level for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> did reject and we see the correction. I suppose we&#39;ll see more downside and a liquidity sweep taking place in the markets. Buy the dip opportunities. <a href="https://t.co/Lnb6yh9ujp">pic.twitter.com/Lnb6yh9ujp</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1936100732731900393?ref_src=twsrc%5Etfw">June 20, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



ShardiB2 warns that Bitcoin, like the rest of the market, failed to hold important support levels, signaling fading momentum. With risk-off sentiment heading into the weekend, traders are cautious and reluctant to maintain long positions.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Failed like the entire market&#8230; no one wants to be long into the weekend&#8230; <a href="https://t.co/H8ci36nOx5">pic.twitter.com/H8ci36nOx5</a>&mdash; Don&#39;t follow Shardi B if you hate Money (@ShardiB2) <a href="https://twitter.com/ShardiB2/status/1936073074723426772?ref_src=twsrc%5Etfw">June 20, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Read Next:&nbsp;



 • <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46036394/bitcoin-quietly-entered-a-new-era-in-march-heres-whats-really-behind-it">Bitcoin Quietly Entered A New Era In March: Here&#8217;s What&#8217;s Really Behind It</a>



Photo: Chinnapong via Shutterstock

Bitcoin, Ethereum, XRP, Dogecoin Pull Back After Technical Rejection — 'No One Wants To Be Long Into The Weekend'

Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) recent transformation has led many to ask, &#8220;What exactly changed?&#8221; It is no longer just a speculative asset but a strategic macroeconomic instrument shaped by centralized institutions, sovereign wealth strategies, and <a href="https://www.benzinga.com/topic/bitcoin">long-term financial infrastructure.</a>



What Happened: American cryptocurrency exchange Gemini in an X <a href="https://x.com/Gemini/status/1936061491951587818">post </a>on Friday noted Bitcoin's pivotal shift occurred in March, when the United States officially launched its Strategic Bitcoin Reserve (SBR), elevating the crypto king to a sovereign-grade macro asset, on par with gold and oil.



This move marked the beginning of Bitcoin's institutional era, defined by structural inflows from sovereign and corporate treasuries, declining volatility and increased market stability



One key driver of this transformation is that over 30% of Bitcoin's circulating supply is now held by 216 centralized entities, including exchanges, ETFs/Funds, public and private companies, governments, and DeFi contracts.



Another factor is the concentration among top players: 65%–90% of Bitcoin in most institutional categories is controlled by the top 3 entities, with private companies being the only slightly more distributed segment. However, the early adopters still dominate and define institutional structure.



Gemini highlights that since 2018, Bitcoin's price swings have steadily calmed, making it more predictable and attractive to long-term capital. The 30.9% supply held by institutional treasuries adds structural support, helping suppress wild price movements.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46027460/bitcoin-veteran-trader-goes-long-again-after-15-million-in-losses-will-third-time-be-the-charm">Bitcoin Veteran Trader Goes Long Again After $15 Million In Losses — Will Third Time Be The Charm?</a>



Why It Matters: Gemini also points to Bitcoin's reflexivity, meaning small capital inflows can drive disproportionate price increases. On average, $1 of investment adds $1.70 to Bitcoin's market capitalization, in bull markets, the impact rises to $3.70 and in short bursts, it can spike up to $25 per $1 invested.



This dynamic makes sovereign and institutional participation even more powerful, with potential to fuel self-reinforcing rallies.



In essence, Bitcoin is no longer just a speculative asset. It's becoming a strategic macroeconomic instrument, shaped by centralized institutions, sovereign wealth strategies, and long-term financial infrastructure.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46023419/bitcoin-ethereum-xrp-dogecoin-hold-steady-no-top-in-sight-plenty-of-room-to-grow">Bitcoin, Ethereum, XRP, Dogecoin Hold Steady: No Top In Sight, &#8216;Plenty Of Room To Grow&#8217;</a></li>
</ul>



Photo: Shutterstock

Bitcoin Quietly Entered A New Era In March: Here's What's Really Behind It

A massive leak of over <a href="https://www.benzinga.com/markets/tech/25/06/46016990/apple-google-and-facebook-among-services-exposed-in-massive-leak-of-more-than-16-billion-login-records">16 billion login credentials</a> from platforms like Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Google (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), and Facebook (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) reveals critical vulnerabilities in centralized data systems, with experts warning that such breaches highlight the urgent need for decentralized, secure architectures to protect user identities.



Cybersecurity researchers have uncovered one of the largest data breaches in history, with over 16 billion login credentials from major platforms, including Apple, Google, Facebook, GitHub, and Telegram, exposed online. 



The breach, <a href="https://cybernews.com/security/billions-credentials-exposed-infostealers-data-leak/">reported </a>by Cybernews, stems from 30 massive datasets discovered this year, each containing tens of millions to 3.5 billion records, accessed through misconfigured cloud storage or Elasticsearch instances.



Speaking with Benzinga, Ram Kumar, a core contributor at OpenLedger, emphasized the systemic issues behind the breach: "This breach isn't just a cybersecurity failure, but also a legal and structural one. Centralized platforms that collect and silo massive amounts of user data are creating unacceptable liability surfaces." 



Kumar advocates for a shift to decentralized systems using on-chain attribution, encrypted identifiers, and zero-knowledge proofs to mitigate such risks.



The breach's scale—one dataset alone contains 3.5 billion records—underscores the growing threat of info stealers, malware that extracts usernames, passwords, and session data from infected devices.



These credentials, often structured as URL-username-password combinations, are highly valuable to cybercriminals for phishing, account hijacking, or targeting systems without multi-factor authentication (MFA).



Orest Gavryliak, Chief Legal Officer at 1inch Labs, highlighted Web3's potential to address these vulnerabilities.



"Web3 offers a promising solution: by design, platforms like 1inch do not store user credentials, which minimizes the impact of these types of breaches," Gavryliak told Benzinga.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46031338/ai-wont-fix-everything-veles-finance-coo-warns-against-blind-faith-in-crypto-automation">&#8216;AI Won&#8217;t Fix Everything&#8217;: Veles Finance COO Warns Against Blind Faith In Crypto Automation</a>



He stressed the importance of user-controlled identities via non-custodial wallets but urged collaboration with regulators to balance privacy and accountability.



Brandon Ferrick, general counsel at Douro Labs, outlined immediate remedies saying, "Companies may offer remedies such as free password managers, ID protection and credit monitoring as well as report large breaches such as this to supervisory authorities."



He called for transparency and enhanced security measures like regular encryption and MFA to prevent future incidents.



Noting the legal ramifications, Anja Blaj Zajc, head of Legal at the Apex Fusion Foundation told Benzinga that data protection regulations around the world already require companies to notify both the affected individuals and the relevant supervisory authorities, particularly when the breach is likely to pose a high risk to individuals&#8217; rights and freedoms.



She emphasized proactive measures like robust incident response protocols and the adoption of decentralized technologies such as decentralized identities (DIDs) and zero-knowledge proofs to bolster security.



The datasets, some labeled to indicate sources like Telegram or Russian origins, are often exploited by threat actors, amplifying risks even if only a fraction of credentials are used successfully. 



Researchers note that while some data may overlap, the sheer volume, averaging 550 million records per dataset, makes this a critical issue. 



The exposure of credentials from government portals and corporate systems further heightens the stakes.



Experts urge users to update passwords immediately, use complex passwords, enable MFA, and scan devices for malware. 



They stress that centralized Web2 architectures are increasingly unsustainable, pushing for Web3 solutions to redefine digital identity security.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46025145/saks-stablecoin-bill-treasury-buying-trump-ties-cloud-push">Sacks Says New Bill Allows Stablecoins To Soak Up Trillions—But Trump Ties Cloud The Push</a></li>
</ul>



Photo: TippaPatt/Shutterstock

This Record Credential Leak Could Change How You Log In Forever —Here's Why

Circle Internet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) stock surged Friday after Seaport Global analyst Jeff Cantwell <a target="_blank" href="https://www.benzinga.com/quote/CRCL/analyst-ratings" rel="noreferrer noopener">initiated coverage</a> with a Buy rating and a $235 price forecast.



Cantwell sees continued upside with a $235 price forecast, even after a recent rally initially spurred by its IPO and then significantly boosted by the Senate&#8217;s approval of the landmark <a target="_blank" href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46009971/trump-cheers-incredible-stablecoin-bill-passed-by-senate-get-it-to-my-desk-asap-no-delays" rel="noreferrer noopener">GENIUS Act for stablecoin regulation</a>.



Circle stands out as a top-tier crypto disruptor, poised for substantial future growth, per Cantwell.



Also Read: <a target="_blank" href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46030182/circle-stock-rockets-540-cathie-wood-says-weve-just-begun" rel="noreferrer noopener">Circle Stock Rockets 540%: Cathie Wood Says &#8216;We&#8217;ve Just Begun&#8217;</a>



The analyst expects its flagship stablecoin (USDC) to grow rapidly, backed by an improving regulatory climate in the U.S. regarding crypto.



He expects a surge in stablecoin adoption and usage by consumers and businesses. Cantwell expects the stablecoin &#8216;market cap&#8217; to reach $500 billion by 2026 and $2 trillion in the longer term.



As per the analyst, DeFi, cross-border payments, and e-commerce can all potentially go parabolic in terms of stablecoin adoption globally.



Cantwell expects Circle to maintain its approximately 25% market share and potentially increase it, driven by its continued progress both domestically and internationally.



The analyst projected fiscal 2026 revenue of $3.5 billion and EPS of $1.56. According to the analyst, Circle has always been at the vanguard of the crypto industry in terms of regulation and compliance.



He termed the Circle Payments Network (CPN) a catalyst for Circle because it offers a potential disruptive service in supplier payments, remittances, and payroll.



Cantwell expects CPN&#8217;s eventual emergence to add to Circle&#8217;s momentum with USDC and help drive further growth in Circle. Cantwell projected second-quarter revenue of $653.8 million and EPS of $0.28.



Price Action: CRCL stock is trading higher by 22.7% to $244.83 at last check Friday.



Read Next:



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<li><a href="https://www.benzinga.com/markets/tech/25/06/46005368/meta-amazon-booking-best-positioned-for-agentic-ai-opportunity-says-analyst" target="_blank" rel="noreferrer noopener">Meta, Amazon, Booking Best Positioned For Agentic AI Opportunity, Says Analyst</a></li>
</ul>



Image by PJ McDonnell via Shutterstock

Circle's Flagship Stablecoin USDC Set For Rapid Growth, Analyst Says Regulatory Climate Key

TikTok has strongly refuted claims that it purchased $300 million worth of Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>), the meme coin, to influence U.S. President Donald Trump.



What Happened: The social media company <a href="https://x.com/TikTokPolicy/status/1935843761063669941">responded </a>publicly on June 19 via X (formerly Twitter), stating that the accusation was "false and irresponsible," and an attempt to distort its actions.



The allegation originated from U.S. Congressman Brad Sherman, who <a href="https://x.com/BradSherman/status/1935776036031009090">accused </a>TikTok's parent company, ByteDance, of making the massive crypto purchase as a bribe to Trump. 



Sherman argued that since Trump reportedly received the token at no cost, any market purchases would directly benefit him financially.



TikTok countered that Sherman's reading of a recent letter was inaccurate and emphasized that no such transaction took place. 



The company labeled the accusation as entirely without merit.



Also Read: <a href="https://www.benzinga.com/etfs/sector-etfs/25/06/46024346/xrp-next-big-etf-bet-polymarket-bettors-predict">Why XRP Could Be The Next Big ETF Bet And What Polymarket Traders Know That You Don&#8217;t</a>



Why It Matters: This controversy comes just as Trump signed an Executive Order granting TikTok a 90-day extension to divest its U.S. operations or face a nationwide ban.



Critics question the legal basis for this move, noting that the original legislation only permitted a single extension period.



The TRUMP meme coin, which Trump promotes, has also raised alarms within political and crypto circles.



Analysts argue that the president&#8217;s selling a digital asset, particularly one lacking a clear purpose, <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45626262/trump-meme-coin-dinner-turned-into-high-net-worth-crypto-networking-trump-was-there-for-20-minutes">in exchange for proximity</a> or access raises serious ethical and regulatory concerns.



Watchdogs fear it could blur the lines between public office and personal financial gain. Trump and his family made more than $350 million in trading fees off the meme coin this year, according <a href="https://cryptoslate.com/trump-earned-over-58-million-from-crypto-ventures-in-2024/">to </a>Chainalysis.



Price Action: TRUMP has fallen nearly 40% in the past month and now trades at around $9.30, well below its peak of $73.43 reached in January, <a href="https://www.coingecko.com/en/coins/official-trump">according </a>to CoinGecko data.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46024299/trader-warns-dogwifhat-could-trigger-meme-coin-meltdown-if-key-level-breaks">Trader Warns Dogwifhat Could Trigger Meme Coin Meltdown If Key Level Breaks</a></li>
</ul>



Image: Shutterstock

Did TikTok Try to Bribe Trump With $300M In Crypto? The Company Fires Back

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="683" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/20065421/Crypto_token_lemonmarket_AI_image_Jun25_mdw-1024x683.png" alt="" class="wp-image-14651" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/20065421/Crypto_token_lemonmarket_AI_image_Jun25_mdw-1024x683.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/20065421/Crypto_token_lemonmarket_AI_image_Jun25_mdw-300x200.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/20065421/Crypto_token_lemonmarket_AI_image_Jun25_mdw-768x512.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/20065421/Crypto_token_lemonmarket_AI_image_Jun25_mdw.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Image created by generative AI



If crypto tokens were used cars, how would you tell a bargain from a clunker? The answer might have spared investors in Libra or Hawk Tuah a lot of pain.



According to a study by Solidus Labs,&nbsp;nearly 99% of tokens on DIY meme platform Pump.fun collapse into <a href="https://www.soliduslabs.com/reports/solana-rug-pulls-pump-dumps-crypto-compliance" target="_blank" rel="noreferrer noopener">worthless pump &amp; dump schemes</a>. On Raydium's DEX, the firm found roughly 93% of token liquidity pools have ‘rug pull characteristics.'



An analysis of token promotions on Telegram by CertiK found that nearly half of the 93,930 new tokens promoted between 2023 and 2024 were&nbsp;<a href="https://www.certik.com/resources/blog/evil-in-the-shadows-unveiling-the-chaos-in-ethereums-token-ecosystem" target="_blank" rel="noreferrer noopener">involved in deceptive exit swindles</a> — an astonishing 46,526.



Fraudsters got 282,699.96 ETH off the back of these cons, roughly $800 million.



The numbers are staggering  —  and not just the losses. Tokens proliferate at a pace that makes it all but impossible for buyers to discern a promising investment from a money-losing sinkhole.



But experts say volume isn't the issue , it's&nbsp;lack of transparency.&nbsp;A dearth of reliable information has created what 1970s economist&nbsp;<a href="https://www.jstor.org/stable/1879431" target="_blank" rel="noreferrer noopener">George Akerlof</a>&nbsp;called&nbsp;A Market for Lemons, where information asymmetry can cause entire markets to collapse.



<h2 class="wp-block-heading">Are tokens broken?</h2>



In a&nbsp;<a href="https://www.youtube.com/watch?v=99XsVSN_doQ" target="_blank" rel="noreferrer noopener">recent presentation</a>&nbsp;at Blockchain VC DBA's Research Day 2025,&nbsp;Theia Research co-founder Felipe Montealegre captured the nub of the problem.



"In Akerlof's model, there are peaches and there are lemons. Peaches are good, but lemons don't work, and even if you get them fixed, they'll be broken again in months. The problem is that buyers don't know which of these two car types they're buying, because there's no credible signal to differentiate between the two."



In other words, a salesman may tell you a car is in great shape, but a lack of credible support for the claim means it can't be trusted.



"This is the risk with token markets. We have asymmetric information about what's going on with market maker deals, what's going on with insider selling, and what's going on with basic financial disclosures." As a result, he says the market "is beginning to price all tokens as loans. That creates problems."



<h2 class="wp-block-heading">Death by 1,000 Unlocks</h2>



One is a dampening effect on token valuations across the board. If you can't have full confidence in the quality of any car, Montealegre said it is safest to assume that only people with lemons are selling. The price of cars generally will tend to drop as a result. That's happening with tokens.



Another is the visibility of the price signals investors rely on to make decisions about where to allocate their money. In token markets, the ‘feedback loop' between investors and end customers is broken. He added:



"Capitalism works when investors can see product-market fit (companies making products customers are happy to pay for) and allocate funds appropriately. If your companies don't find product market fit, you are removed from the capital allocator gene pool.



"The problem in token markets is that the feedback loop has not been based on ‘Can we get customers to pay for this product?' It has been based on ‘Can I get this token to pump long enough to exit my position?"



<h2 class="wp-block-heading">Prediction Markets Offer a Way&nbsp;Out</h2>



To help ensure that any hidden issues make their way to the surface, Montealegre suggests new projects look to&nbsp;<a href="https://mason.gmu.edu/~rhanson/futarchy.html" target="_blank" rel="noreferrer noopener">futarchy</a>, a form of governance that borrows from prediction markets.



It works by creating two conditional markets around any big change to a token's economic or underlying model.



Let's say a project decided to turn on a fee switch that redirected transaction fees to token holders, liquidity providers, or other ecosystem stakeholders.



"You'd create one market that lets you buy or short if the fee switch&nbsp;is&nbsp;turned on, and another market that lets you buy or short if the fee switch is&nbsp;not&nbsp;turned on," Montealegre explained.



Because prediction markets have an uncanny ability to surface hidden information, "the market knows, and that information gives a team the ability to know which of the two decisions will lead to a higher token price."



<h2 class="wp-block-heading">The Take&nbsp;Away</h2>



In the end, Akerlof's lemon problem was solved, more or less, by the auto industry. Manufacturers decided to allow third-party audits and inspections of factory processes, sending powerful trust signals that made it much easier for buyers to differentiate between lemons and peaches.



Safe harbor regulations proposed by Trump-appointed SEC commissioner Hester M. Peirce will also help, Montealegre said, though he believes the crypto industry needs to clean up its act first.



"We want permissionless, cheap, programmable capital raising on an open internet, but that's not the way regulators think. They're operating off a 90-year-old securities framework.



"If they look at the state of token markets today, and they see a cesspool of fraud, waste, and abuse, they will not take us seriously. So we need to get our own house in order before this happens, so we can persuade them to consider our view of the world."&nbsp;

Tokens Are A Lemon Market...Here's How To Fix It

As algorithmic trading gains traction in volatile crypto markets, Veles Finance COO Arkadiy Amiryan believes it&#8217;s time for developers and users alike to revisit their expectations from artificial intelligence. 



Speaking with Benzinga, Amiryan said that artificial intelligence (AI) cannot address all challenges in cryptocurrency trading, advocating for a critical and informed approach to automation. 



He highlighted the importance of balancing automation with user accountability as regulatory scrutiny intensifies in the volatile crypto market. 



"AI has already appeared almost everywhere in our lives, but it is important to remember that it will not solve all problems, it is always necessary to resort to a critical solution," he said.



While some platforms chase fully autonomous systems, Veles Finance instead emphasizes human-centric tools with automation built around clearly defined strategies. 



The company&#8217;s proprietary offerings, such as the Kurchatov 3.1 Strategy, integrate technical indicators with historical data insights, encouraging users to understand market dynamics rather than delegate everything to an opaque model.



On Friday, the company launched an integration with crypto exchange BingX, enabling users to automate trading with minimal configuration.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46025145/saks-stablecoin-bill-treasury-buying-trump-ties-cloud-push">Sacks Says New Bill Allows Stablecoins To Soak Up Trillions—But Trump Ties Cloud The Push</a>



According to the company, the bot supports both spot and futures markets, relies on the official BingX API for secure access and requires no transfer of custody.



The setup can be completed in under 15 minutes, offering an accessible gateway for newcomers while allowing seasoned traders to deploy customized strategies.



Amiryan insists that simplicity must not come at the cost of responsibility.



"Our bots offer customization or ready-made solutions, real-time management and built-in risk management tools, so traders stay in control, not out of the loop," he said.



He also addresses the growing concern over API access limitations from centralized exchanges, especially in jurisdictions tightening rules.



"First of all, it should be an official partnership with the exchange," Amiryan said, stressing that Veles only integrates with trusted platforms and does not retain access to user funds.



Despite the increasing popularity of AI-enhanced bots, Amiryan maintains that success in crypto trading relies on transparency, security, and informed decision-making. 



"In case of trust in any crypto platforms, it is necessary to check their openness," he added.



Read Next: • <a href="https://www.benzinga.com/news/25/06/46025230/why-a-public-healthcare-firm-wants-to-hold-more-bitcoin-than-most-countries">Why A Public Healthcare Firm Wants To Hold More Bitcoin Than Most Countries</a>



Photo: Tapati Rinchumrus via Shutterstock

'AI Won't Fix Everything': Veles Finance COO Warns Against Blind Faith In Crypto Automation

Circle Internet Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>), the issuer behind the USD Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) stablecoin, has stunned Wall Street with a meteoric 540% surge since its IPO on June 5. The stock closed at $199.59 on Wednesday, propelling Circle's valuation to <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45999427/circle-internet-group-crcl-stock-soars-on-landmark-stablecoin-legislation">nearly $50 billion. </a>



What To Know: Circle's explosive rally gained more momentum Wednesday after<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45995223/genius-stablecoin-bill-clears-senate-but-trumps-crypto-profits-loom-over-momentum?_gl=1&#x2A;qpu2gw&#x2A;_gcl_au&#x2A;MTM5NzY3NTg2MS4xNzUwMDc0MTkz&#x2A;_ga&#x2A;R1MyLjEuczE3NTAwNzQxOTMkbzEkZzAkdDE3NTAwNzQxOTkkajU0JGwwJGgw&#x2A;_ga_V7ZK73W7N0&#x2A;czE3NTA0MTk2MDIkbzIxJGcxJHQxNzUwNDI2OTI5JGo1NyRsMCRoMA.."> the U.S. Senate's passage </a>of the GENIUS Act, a landmark bill that would formally regulate dollar-backed stablecoins and integrate them into the U.S. financial system. 



Read Next:<a href="https://www.benzinga.com/markets/tech/25/06/45971345/sunrun-first-solar-plunge-solar-stocks-hit-hard-by-trump-tax-bill-latest?utm_source=articleShare"> Sunrun, First Solar Plunge—Solar Stocks Hit Hard By Trump Tax Bill: Latest</a>&nbsp;



The legislation, which still needs approval from the House of Representatives and President Donald Trump's signature, is viewed as a turning point for the digital asset industry, providing legal clarity and paving the way for mainstream adoption of stablecoins such as USDC.



Cathie Wood, CEO of ARK Invest and a prominent backer of digital assets, expressed confidence in Circle's future during ARK's June Fund mARKet Update Webinar <a href="https://www.ark-funds.com/webinars/june-2025-fund-webinar?utm_medium=email&amp;_hsenc=p2ANqtz-_0fmgg_8iaNVHKrSyUFKI-UJzfJ8seaOBFkDxVnRx2D_PQ_zPMJp_qAv0td0DBYzXVf1dWS4UISFGjvB5A-S7-UmTiMQ&amp;_hsmi=367641546&amp;utm_content=367641546&amp;utm_source=hs_email">released</a> Thursday.&nbsp;



"We've just begun on a very big journey here,&#8221; Wood said, framing the Senate vote as the start of a new era for regulated digital payments.&nbsp;



Circle CEO Jeremy Allaire hailed the Senate's decision as &#8220;history being made," and said the bill will "drive U.S. economic and national competitiveness for decades to come," in <a href="https://x.com/jerallaire/status/1935093204572893663">a post</a> on X. 



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">History is being made, as the US Senate passes the GENIUS Act, taking us one step closer to breakthrough legislation being signed into law that will drive US economic and national competitiveness for decades to come.&mdash; Jeremy Allaire &#8211; jda.eth / jdallaire.sol (@jerallaire) <a href="https://twitter.com/jerallaire/status/1935093204572893663?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



USDC already commands 25% of the $245 billion stablecoin market and investors are betting that Circle's rocket ride is far from over. As regulatory clarity emerges, both Wall Street and the crypto world are watching to see just how high Circle can soar.



CRCL Stock Price Action: According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Circle shares were up another 10.75% at $221.04 on Friday at publication. 



Read Next:<a href="https://www.benzinga.com/news/retail-sales/25/06/45953480/alibaba-pdd-stocks-climb-chinas-retail-sector-gains-despite-us-tariffs?utm_source=articleShare">&nbsp;</a>



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/retail-sales/25/06/45953480/alibaba-pdd-stocks-climb-chinas-retail-sector-gains-despite-us-tariffs?utm_source=articleShare">Alibaba, PDD Stocks Climb As China&#8217;s Retail Sector Gains Despite US Tariffs</a></li>
</ul>



Image: Shutterstock

Circle Stock Rockets 540%: Cathie Wood Says 'We've Just Begun'

Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) is approaching a critical support zone, and some traders are calling it one of the best buy-the-dip opportunities before the next move higher.



What Happened: Crypto analyst Pepe is Friend <a href="https://x.com/pepeisfriend/status/1935515872644448273">points</a> out SHIB is trading around $0.00001164, following a 9.33% weekly decline marked by a bearish structure of lower highs and lower lows. Still, the $6.7 billion market cap zone has previously served as strong support (last seen in April 2024), sparking optimism for a bounce or consolidation.



On the upside, the $10 billion market cap, approximately $0.00001696, remains key resistance, a level it failed to break in May 2024. A breakout above this zone could ignite a major leg higher for the meme coin.



The analyst advises, "Stay confident and keep holding, or even buy more SHIB," adding that current prices likely won't last long and that holders "won't regret it." 



Another analyst <a href="https://x.com/thecryptobasic/status/1935608188071821745">cited</a> by The Crypto Basic outlined two paths for Shiba Inu: &nbsp;



<ul class="wp-block-list">
<li>In a bullish scenario, a bounce from current support could push SHIB to $0.00002174–$0.00002418 (up to 100% upside).</li>



<li>And in a bearish scenario, a drop below $0.00001054 could lead to further declines toward $0.00000630.</li>
</ul>



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45939510/shiba-inu-on-verge-of-a-breakout-as-whales-make-bold-moves">Shiba Inu on Verge of a Breakout as Whales Make Bold Moves</a>



Why It Matters: IntoTheBlock data shows Shiba Inu's large transaction volume narrowed by 50.2%, but daily active addresses increased by 30% in a single day. Transactions greater than $100,000 dropped from 48 to 19. On the other hand, Shibariumscan data shows daily transactions increased from 4.59 million to 4.65 million in a single day.



Also, IntoTheBlock data shows that only 10% of SHIB in circulation is in profit, roughly 8.04 trillion tokens (worth around $1.13 billion), while nearly 90% are held at a loss or breakeven, suggesting that selling pressure is already exhausted and accumulation may be underway.



The $0.000011 support level, held by 222,450 wallets owning 43.8T SHIB, is now seen as critical to near-term stability. A break below could spark panic selling, but holding here may trigger a swift reversal.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45974930/dogecoin-shiba-inu-dip-3-in-a-day-is-a-meme-coin-rally-still-brewing">Dogecoin, Shiba Inu Dip 3% In A Day &#8211; Is a Meme Coin Rally Still Brewing?</a></li>
</ul>



Photo: vlastas on Shutterstock.com

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