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Unpacking Predictions and Uncertainties Surrounding the Potential Onset of Altcoin Season
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Share link:In this post: Bitcoin ETFs saw $268 million in outflows, marking three consecutive days of institutional pullback. Bitcoin price remains stuck near $105,000 with investor sentiment turning neutral after months of greed. Ethereum ETFs gained $78 million in inflows, extending an 11-day streak, while ETH price rose over 5%.
Share link:In this post: XRPL saw over an 8% decline in monthly activity for May, with around 50 million in transaction volume. The network has been struggling to record DeFi activity, with only 10% of active wallets interacting with any dApp. Despite the low engagement, institutional adoption continues to grow, and XRP holders are bullish.
Share link:In this post: Nvidia has gained $1 trillion in market value in two months, recovering from early 2025 losses. Big Tech firms like Amazon and Microsoft are increasing AI spending, boosting Nvidia’s demand. Nvidia is still undervalued and under-owned despite the rally, with more upside expected.
- 00:32US Senator Lummis Says Some US Military Leaders Support Establishing a Bitcoin Strategic ReserveOdaily Planet Daily News: U.S. Senator Cynthia Lummis stated in an interview with Bloomberg that some U.S. military generals stationed in Southeast Asia support the establishment of a national Bitcoin reserve to counter economic warfare threats. She noted that there is already a consensus among senior U.S. military officials, who believe that "in addition to guns, we also need Bitcoin." The U.S. Department of Defense has not yet responded. (Cointelegraph)
- 00:31PUMP.FUN Plans $1 Billion Token Sale at $4 Billion ValuationAccording to ChainCatcher, citing multiple sources familiar with the matter, Pumpfun plans to conduct a $1 billion token sale at a fully diluted valuation (FDV) of $4 billion, targeting both public and private investors. The tokens are expected to be launched within the next two weeks, but it is still uncertain whether they will be issued through its own platform. Previously, Pumpfun co-founder Alon had denied rumors about the potential launch of a token by Pumpfun in a post.
- 00:31Truth Social, Trump's Social Media Platform, Files for Bitcoin ETFAccording to ChainCatcher, The Block reports that Trump's social media platform Truth Social has submitted a Bitcoin ETF application to the U.S. Securities and Exchange Commission (SEC). The New York Stock Exchange Arca division submitted a Form 19b-4 on June 3, and the ETF aims to track the performance of Bitcoin prices. The ETF is sponsored by "America First" asset management company Yorkville America Digital.