Day: June 6, 2025

Circle Soars 168% In First Day Of Trading On NYSE Following Strong IPO

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Shares of Circle Internet Group, the issuer of the market’s second-largest stablecoin, USDC, experienced a remarkable surge on Thursday, skyrocketing 168% as the company made its debut on the New York Stock Exchange (NYSE).  Circle’s IPO…

Bitcoin Is Ageing, 900,000th Block Now Minted

Key Notes June 6, 2025, marks the day Bitcoin’s 900,000th block was mined. For every block added, miners usually get a reward in a sustainable network economics. In 2012, this mining reward was 50 BTC but has now been slashed to 3.125 BTC after four Bitcoin halving events. On June 6, the 900,000th block for Bitcoin BTC $103 663 24h volatility: 1.2% Market cap: $2.06 T Vol. 24h: $44.51 B was mined, marking a significant milestone for the flagship cryptocurrency. The feat is being celebrated widely in the crypto space…

SHIB Price Drops 5% as Dormant Whale Takes Profit, What’s Next for Shiba Inu?

Key Notes SHIB dropped to $0.000012 support zone, losing 4.5% value in the past day. A major whale exited after three years, moving 100.45 billion SHIB to Binance. The whale’s realized gains were $311K, which is well below its peak $2.7 million unrealized profit. Shiba Inu SHIB$0.00001224h volatility:3.8%Market cap:$7.27 BVol. 24h:$262.50 M, one of the top meme coins, has slipped to a crucial support zone of $0.000012 after losing over 4.5% in the past 24 hours.  This price drop comes as a major SHIB whale cashed out its holdings after…

Bitcoin Strength Looks Shaky as Trump and Musk Feud Adds Uncertainty

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Key points: Bitcoin is in line for lower lows amid falling RSI and a retest of $100,000. Traders have little hope of a quick BTC price rebound and return to higher levels as Trump and Musk stoke uncertainty. US labor market data is due to inject fresh volatility on June 6. Bitcoin (BTC) returned to $103,000 before the June 6 Wall Street open as markets recovered from snap losses. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Trader: BTC price “breakdown has begun” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maintaining…

Lagrange Crypto $LA Surges 500%, Solaxy Next 5x Token?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Thousands of tokens launch every day. Most crash quickly, becoming worthless in time (or all but worthless). So why do people keep investing? Because every now and then, a Lagrange ($LA) comes along. The utility token…

Stablecoin Market Updates: Uber Prefers Stablecoins, Senate Bill to Get Bipartisan Support, Circle Debuts on NYSE

Key Notes Khosrowshahi emphasized the importance of stablecoin as a store of value, hinting that he prefers them over Bitcoin. Arizona Senator Ruben Gallego confirmed that the Senate’s stablecoin bill could garner support from up to 16 Democrats. Stablecoin issuer Circle made a strong NYSE debut, with shares opening at $69 and closing at $83, marking a 168% first-day gain. . Global ride-sharing giant Uber is now exploring the use of stablecoin to reduce costs in moving money cross-border. CEO Dara Khosrowshahi said that the company is still in the…

Bitcoin RSI Dips Below 30—Is A New All-Time High Next?

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Data shows the 14-day Bitcoin Relative Strength Index (RSI) has dropped into the oversold region. Here’s what this could mean for the asset. Bitcoin RSI Has Breached Below The 30 Mark In a new post on X, analyst Axel Adler Jr has talked about the latest trend in the RSI of Bitcoin. The “RSI” refers to an indicator from technical analysis (TA) that measures the speed and magnitude of changes occurring in any given asset’s price over a specific period. In the current case, the period is 14 days. This…

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Bitcoin ETFs hit with $278 outflows amid Trump-Musk feud

Bitcoin exchange-traded funds (ETFs) in the United States turned red amid worsening sentiment stemming from the ongoing feud between US President Donald Trump and billionaire Elon Musk. After a brief recovery on June 3 and 4, US spot Bitcoin (BTC) ETFs were again hit with outflows on Thursday, totaling $278 million, according to SoSoValue data. The outflows came as the Cryptocurrency Fear & Greed Index flipped from “Greed” to “Fear” on June 6, likely in response to the rupture of the previously close relationship between Trump and Musk, which has…