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This Week In Crypto: Trump/Musk Split, Gemini and Circle IPO, Altcoin Bear Market, and More
This Week In Crypto: Trump/Musk Split, Gemini and Circle IPO, Altcoin Bear Market, and More

This week, the crypto world saw major shifts, including a high-profile breakup between Trump and Musk, a Spanish coffee chain investing heavily in Bitcoin, and Gemini's IPO filing. Meanwhile, altcoins continue their prolonged bear market.

BeInCrypto·2025/06/07 06:05
Will World Liberty Financial’s Treasury Plan Revive the TRUMP Meme Coin?
Will World Liberty Financial’s Treasury Plan Revive the TRUMP Meme Coin?

TRUMP meme coin gains 7% following a partnership announcement with World Liberty Financial, but ethical concerns and regulatory uncertainty cloud the deal. Critics warn of possible manipulation and insider trading, raising red flags over its legitimacy.

BeInCrypto·2025/06/07 05:30
HBAR Technical Charts Spook Traders – Is Bullishness Fading for Hedera?
HBAR Technical Charts Spook Traders – Is Bullishness Fading for Hedera?

HBAR’s price faces significant pressure, with technical indicators pointing to further declines. Watch the $0.172 resistance and $0.163 support for potential price shifts.

BeInCrypto·2025/06/07 04:30
Trump Might Replace Fed Chair Powell  – How Will Bitcoin React?
Trump Might Replace Fed Chair Powell  – How Will Bitcoin React?

Trump’s revived push to replace Jerome Powell as Fed Chair creates market uncertainty, potentially propelling Bitcoin toward $105,000. If successful, it could ignite altcoin rallies as rate cuts boost liquidity and market sentiment.

BeInCrypto·2025/06/07 03:30
Solana Sell Off Hits 2-Month High – How Will SOL Price React?
Solana Sell Off Hits 2-Month High – How Will SOL Price React?

Solana's recent recovery is at risk due to increasing selling pressure and bearish technical indicators. The $154 resistance will be key for any short-term rally.

BeInCrypto·2025/06/07 02:32
MASK Price Crashes 40% as Trump-Elon Musk Fallout Sours Retail Sentiment
MASK Price Crashes 40% as Trump-Elon Musk Fallout Sours Retail Sentiment

Mask Network (MASK) suffers a sharp price drop following the public fallout between Trump and Musk. Retail traders, driven by meme speculation, are fleeing the market, creating volatility despite MASK's solid fundamentals.

BeInCrypto·2025/06/07 01:47
Flash
08:31
Preview: NVIDIA Q1 Earnings Report to Coincide with Fed Meeting Minutes Tonight
BlockBeats News, May 20th, according to official sources, the Federal Reserve will release the minutes of its monetary policy meeting at 2 a.m. 东八区 on May 21st. NVIDIA will release its Q1 FY2027 earnings report after the US stock market closes (4 a.m. 东八区) and will host an earnings call. This may lead to market volatility.
08:24
Bitget launches USDGO Earn with up to 4.3% APR
Foresight News reports that Bitget has launched the USDGO holding-to-earn event. Users do not need to stake or lock their assets; simply holding USDGO in spot or futures accounts will automatically earn returns. The system settles daily and allocates different returns based on VIP level, with a maximum APR of 4.3%. In addition, the event features an "instant exchange slippage subsidy mechanism": users who exchange between USDT and USDGO via instant swap and hold USDGO for 14 days will receive compensation for slippage caused by exchange rate fluctuations, achieving zero-loss exchange. The calculation period for holding returns ends at 00:00 on June 16. USDGO is issued by Anchorage Digital Bank N.A., the first federally chartered crypto bank in the United States, and operated and distributed by an exchange. This stablecoin is pegged to the US dollar at a 1:1 ratio and operates within a compliant framework.
08:22
Brent oil rebounds 15.6% over two weeks; a whale partially reduces its $16 million long position while locking in profits.
BlockBeats news, on May 20, according to Coinbob Hot Address Monitoring, Brent crude oil futures (2607) have rebounded more than 15.6% since the May 7 low, now quoted at $109.8 per barrel. The Hyperliquid platform BRENTOIL contract price is currently quoted at $105.37, with a daily trading volume of about $128 million. This round of rebound allowed an on-chain $16 million BRENTOIL long position to be unlocked today. The whale immediately significantly reduced its holdings in the past two hours, with the position dropping from 151,057 contracts to 99,716 contracts, a reduction of about $5.44 million. The average opening price was $103.34, and it still holds about $10.5 million in remaining positions. Address: 0x7f5ff9f8da891ffe5229e33b90959ae1e6d5f47e
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