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The latest news from the world of cryptocurrencies. Paid promotion: @gqsoul
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Kernel: Building the Backbone While Others Chase Bubbles
1️⃣ Real Yield, Real Infrastructure
-$2B+ in TVL secured across ETH, BNB & more with no emissions, just real economic activity
-Backed by $40M from top VCs; listed on Binance, Coinbase and more
-Not another hype train with its infrastructure with institutional validation
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3️⃣ Bear-Built, Bull-Ready
-Launched in a bear, scaled to $2B while others vanished
-Kelp is now the 2nd largest LRT on Ethereum
-Expanding into RWA, stablecoin vaults + roadmap in motion
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🔜 A protocol backed by smart governance, real assets, and multi-chain security. This isn’t about catching pumps — it’s about owning the rails the bull will run on.
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🚀 KULR Technology Expands Bitcoin Mining Operations
📌 KULR Technology Group Inc. has announced an expansion of its bitcoin (BTC) mining operations, achieving a significant milestone of 750 petahash per second (PH/s). This was made possible by the deployment of 3,570 Bitmain S19 XP mining machines at facilities in Asunción, Paraguay.
💰 In conjunction with this expansion, KULR finalized a $20 million credit facility with Coinbase Credit Inc., a subsidiary of Coinbase Global Inc. This agreement establishes a multi-draw term loan, enhancing KULR's financial resources for its mining ventures.
🔄 The company emphasizes its "buy-or-mine" flexibility as a core aspect of its bitcoin acquisition strategy. This dual approach aims to build BTC holdings more efficiently than relying solely on mining or open-market purchases.
Bitcoin has outpaced every major asset class in 11 of the last 14 years, often by a significant margin,
📉 Institutional Bitcoin Purchases Insufficient to Drive Price Surge Amid Market Demand Decline
📊 A recent Cryptoquant analysis reveals that despite significant accumulation of Bitcoin by U.S. exchange-traded funds (ETFs) and companies like MicroStrategy (MSTR), the overall market demand for Bitcoin has sharply declined. This contraction has effectively offset potential price gains and prevented new all-time highs.
📉 The Cryptoquant report highlights that while purchases by spot Bitcoin ETFs and corporate treasuries continue, their pace has significantly slowed compared to late 2024. Specifically, ETF purchases fell from 86,000 BTC on December 7, 2024, to just 40,000 BTC by early July 2025, marking a 53% decline. MSTR's purchases saw an even steeper drop, plummeting 90% from a peak of 171,000 Bitcoin to 16,000 Bitcoin during the same period.
🔍 Cryptoquant analysts emphasize that these institutional purchases represent only a portion of the total spot market demand for Bitcoin. At the peak of demand growth on December 7, 2024, ETF and MSTR demand accounted for 33% of the total 771,000 BTC demand growth recorded over 30 days. This underscores the existence of larger, less observable Bitcoin demand sources.
👉 The report identifies a significant contraction in broader spot demand as the critical factor hindering a price surge. Over the thirty days leading up to the report, overall Bitcoin demand contracted by 895,000 Bitcoin. This substantial decline has neutralized the positive price impact typically expected from ongoing institutional accumulation.
📌 Annual demand data reinforces this trend. Cryptoquant indicates that apparent demand contracted annually by 857,000 Bitcoin, more than offsetting the combined expansion from ETF purchases (+377,000 BTC) and MSTR purchases (+371,000 BTC) over the same period.
↪️ The researchers conclude that while spot Bitcoin ETF and MSTR purchases remain a net positive for BTC’s price, they are insufficient alone to drive prices to new all-time highs. Sustained price rallies require overall demand expansion, which is currently lacking. The net demand growth for Bitcoin is slowing, resulting in consolidation rather than a breakout.
💰 The Blockchain Group Expands Bitcoin Holdings
🔗 The Blockchain Group (Euronext Paris: ALTBG) has recently acquired 60 bitcoins for around €5.5 million (approximately $6.5 million), increasing its total holdings to 1,788 BTC valued at about €161.3 million ($189.5 million). The company reported an impressive year-to-date bitcoin yield of 1,270.7%, with a gain of 508.3 BTC and a corresponding €46.7 million ($54.8 million) increase.
📈 The announcement also highlighted the completion of subscriptions by Adam Back and TOBAM for new ordinary shares, which facilitated the bitcoin acquisition. Back subscribed to over 2.1 million shares at €0.544 each for a total of approximately €1.16 million ($1.37 million), while TOBAM subscribed to over 262,000 shares for about €0.14 million ($0.16 million).
🔄 Additionally, the company executed a capital increase under its “ATM-type” program, allowing for the purchase of 41 BTC for roughly €3.8 million ($4.5 million). The Blockchain Group continues to establish itself as a leader in bitcoin treasury management within the European market.
📈 SharpLink Gaming Increases Ethereum Holdings Amidst Share Sales
💰 SharpLink Gaming (Nasdaq: SBET), the largest publicly traded holder of ethereum, has boosted its total holdings to 188,478 ETH. The company acquired an additional 12,207 ether for approximately $30.67 million at an average price of $2,513 per coin between June 16 and June 20, 2025.
📊 During this period, SharpLink raised about $27.7 million in net proceeds through its At-The-Market facility by selling 2,547,180 shares of common stock. The majority of these proceeds are earmarked for further enhancing its ETH treasury. As of June 20, 2025, all of SharpLink’s ETH holdings have been deployed in staking solutions, generating 120 ETH in rewards since the launch of its ETH-focused treasury strategy on June 2, 2025.
🗣 Joseph Lubin, Chairman of the Board, emphasized the company’s commitment to creating long-term value for stockholders by positioning SharpLink at the forefront of blockchain advancement. CEO Rob Phythian reiterated the company’s dedication to leveraging blockchain technologies to support its growth trajectory and treasury foundation.
Arab Wealth: A Promising New Player in the Crypto Market
🚀 Arab Wealth has been gaining traction recently, and it appears to be shaping up as a significant contender this year. The project's rollout is impressively solid, which is a rarity in the current meme-driven market where haste often prevails.
👥 The Arab Wealth team is in the final stages of development before the official launch. Their efforts are starting to attract the attention of influential figures in Dubai's crypto scene. Having closely monitored the crypto markets for an extended period, it's evident that they are making strategic moves.
📱 Additionally, their Telegram channel has just gone live, presenting an opportunity for enthusiasts to engage with the community. Don't miss out on this potential game-changer.
More details 👉 https://arabwealthcoin.com/
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💬 XRP Positioned to Capture SWIFT's Market, Says Ripple CEO
🚀 Ripple CEO Brad Garlinghouse expressed optimism about XRP's potential in the global payments landscape during the recent XRP APEX 2025 event in Singapore. He emphasized that liquidity is becoming more crucial than traditional messaging systems in cross-border transactions. This shift could allow XRP to displace established networks like SWIFT, which has dominated interbank communication for years.
There are two parts to SWIFT today: messaging and liquidity. Liquidity is owned by the banks. I think less about the messaging and more about liquidity. If you’re driving all the liquidity, it is good for XRP.
Most cross border payments still rely on manual processes. A typo in an account number, an incorrect SWIFT code or incomplete payment instructions can all cause a transaction to fail,
📉 Bitcoin Drops Amid Geopolitical Tensions
📉 Bitcoin fell below $104,000 on Wednesday, hitting an intraday low of $103,362 due to reports of airstrikes in Tehran that rattled global markets. The cryptocurrency dropped about 4.1% in the latest session, reflecting investor caution amid rising tensions in the Middle East.
💰 In contrast, gold prices rose to $3,410 an ounce, up about 0.6% over the past hour, as investors turned to traditional safe-haven assets. The increase in gold prices was further supported by a weakening dollar and concerns over geopolitical conflicts.
👉 Bitcoin's decline also led to significant derivatives liquidations, totaling $920 million for the day, with $875 million coming from long bets.
👉 Brazil's Bold Trade Strategy: A Stand Against U.S. Pressure
➡️ Brazil is taking a bold stance in its national trade strategy, prioritizing local currency use and reinforcing BRICS' push for financial independence, despite pressure from the U.S. President Luiz Inácio Lula da Silva emphasized in a June 3 interview that Brazil and its partners will continue to pursue their own economic paths.
🚫 Lula stated that
Trump’s threats don’t scare anyone. We will act in the interests of our countries and fight for fairer international trade.
Trump was chosen by Americans to govern the United States, not the entire world.
For too long, countries of the Global South have been seen as merely developing nations that don’t cause trouble. That era is over.
🟥 Solarbank Integrates Bitcoin into Treasury Strategy
💼 Solarbank (NASDAQ: SUUN), a Toronto-based company, has announced a new treasury strategy that includes bitcoin as a strategic reserve asset. The company has applied to Coinbase Prime for the custody and management of its bitcoin holdings. This move is designed to strengthen financial resilience against currency debasement and inflation.
📌 In addition to financial benefits, Solarbank plans to use renewable energy from its solar and battery storage projects to mitigate the emissions associated with bitcoin mining. By incorporating bitcoin into its financial strategy, the company aims to attract tech-savvy investors and stand out in the renewable energy market.
↪️ Despite this new focus on bitcoin, Solarbank remains committed to its core business of renewable energy development. The company is also involved in a $100 million community solar financing partnership.
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📉 Bitcoin's Current Market Position: A Mixed Outlook
➡️ Bitcoin's price is currently ranging between $107,793 and $108,316, reflecting a 1% decrease from the previous session. With a market cap of $2.19 trillion and a 24-hour trading volume of $38.79 billion, the cryptocurrency experienced significant intraday price fluctuations, hitting a low of $107,367 and a high of $112,000.
📊 Despite today's decline, Bitcoin's daily chart suggests a cautiously optimistic macro perspective. The price recently peaked at $112,000, indicating a strong bullish trend. However, the appearance of a bearish engulfing candlestick pattern raises concerns about potential short-term exhaustion. Volume surged during the rise to $112,000 but has since decreased, signaling a divergence between price and volume that often precedes pullbacks.
📉 The 4-hour chart indicates a shift in sentiment, showing a mid-term downtrend after reaching a peak. This timeframe reveals a clear pattern of lower highs and lower lows, supported by strong red volume bars that confirm active selling pressure. An ideal short-term re-entry level is identified around $106,500, provided that price action consolidates and signals a reversal through patterns like a hammer candle or bullish engulfing.
🔴 From a short-term perspective, the 1-hour chart highlights a sharper bearish momentum. A significant red candlestick dropped Bitcoin from about $111,000 to below $108,000, indicating a high-volume capitulation event often seen as the end of a panic sell-off. Traders should watch for a potential double bottom or RSI divergence near the $105,500 to $106,000 zone as early signs of a reversal.
⚖️ Technical indicators present a mixed forecast. Oscillators like the RSI at 67 and ADX at 35 remain neutral, while others such as the Stochastic at 87 and momentum at 4,628 suggest a selling bias. Conversely, the MACD level at 4,167 indicates some underlying bullish momentum. All moving averages, including the EMA and SMA across 10 to 200 periods, are showing bullish signals, indicating strong upward momentum in the medium to long term.
🔄 In summary, Bitcoin's broader trend remains bullish, supported by strong moving average support. However, bearish patterns on shorter timeframes and cautionary signals from several oscillators suggest that traders should wait for confirmation of a reversal before making new entries. The current consolidation phase may offer strategic entry points near and above the $108,000 level, contingent on technical confirmation of buyer re-emergence.
📈 Strategy's Stock Surges to Record High Amid Bitcoin Treasury Success
🚀 On Wednesday, Strategy's shares reached an all-time high of $455.90, elevating the company's market capitalization to $124.64 billion. This surge represents a 3% increase during the trading session and a remarkable 3,699% gain since its IPO in 1998.
📉 Originally known as Microstrategy Inc., the company went public with shares priced at $12. After experiencing a significant rise during the tech boom of 2000, shares plummeted below $1 post-2001 and struggled for nearly two decades to surpass $20.
💔 In 2013, founder Michael Saylor was a vocal bitcoin skeptic, predicting its demise. He stated,
Bitcoin days are numbered,
➡️ The Shifting Landscape of Crypto: From Fat Protocols to Revenue Focus
📉 Last week marked a pause in market volatility driven by headlines, while institutional accumulation of bitcoin persisted. Tokenized equities made their entrance, and a broader evaluation is taking place as investors reassess the Fat Protocol thesis.
For more than a month, macro headlines controlled every market move, until last week.
If Europe moves towards 401K-style default passive/target date fund model, i.e. shifting a sizable fraction towards European countries, it will permanently impact “American Exceptionalism,”
expect a wave of new ETFs in this second half of 2025
🟥 UAE Government Refutes Claims of Golden Visa Program for Cryptocurrency Investors
🚫 The United Arab Emirates (UAE) government has dismissed claims regarding a golden visa program aimed at cryptocurrency investors, particularly for TON token holders. This clarification follows a blog post by The Open Network (TON) that introduced a "10-Year UAE Golden Visa with TON" initiative.
↪️ According to the Emirates News Agency (WAM), various government institutions stated they were unaware of such a program. The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) emphasized that
golden visas are issued according to clear and officially approved frameworks and criteria, which do not include digital currency investors.
digital currency investments are governed by specific regulations and are unrelated to golden visa eligibility.
This program would be awesome if it was true. I didn’t want to bug too many “official” friends on a Sunday.Читать полностью…
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👉 Final Moves in XRP Case: Ripple Withdraws Appeal, SEC Set to Join
⚡️ A significant chapter in the XRP saga is concluding as Ripple and the U.S. Securities and Exchange Commission (SEC) withdraw their appeals, finalizing previous court rulings and ending active litigation. Ripple CEO Brad Garlinghouse announced on June 27:
Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal... closing this chapter once and for all.
The parties do not have the authority to agree not to be bound by a court’s final judgment… They have not come close to doing so here.
The SEC v Ripple lawsuit is finally, finally, OVER... Commonsense has prevailed. Programmatic sales are not investment contracts.
XRP’s legal status as not a security remains unchanged.
💰 Robert Kiyosaki Predicts Bitcoin Will Reach $1 Million Amid Economic Uncertainty
🟥 Robert Kiyosaki, the author of Rich Dad Poor Dad, has reiterated his belief in bitcoin as a key to future wealth amidst warnings of an impending economic collapse. He stated on social media,
Poor people focus on price. Rich people on quantity.
How many ounces of gold and silver and bitcoin do you own?
The biggest crash in history is upon the world now… 2025.
💱 24/7 Atomic Swaps: BUIDL and USDtb Integration
👉 Securitize and Ethena Labs have joined forces to facilitate round-the-clock atomic swaps between Blackrock’s tokenized treasury fund, BUIDL, and the stablecoin USDtb. This partnership aims to enhance onchain liquidity and flexibility for institutional investors.
💵 USDtb is a blockchain-based stablecoin pegged 1:1 to the U.S. dollar, primarily backed by shares in Blackrock’s USD Institutional Digital Liquidity Fund (BUIDL). This fund holds short-term U.S. Treasuries, cash, and repurchase agreements, providing institutional-grade stability. Reserves are secured with custodians like Copper and Coinbase Institutional.
🔄 The new integration allows qualified participants to instantly swap BUIDL tokens for USDtb at any time. This atomic swap functionality offers “real-time settlement,” unlocking significant liquidity for BUIDL holders. Previously limited by traditional market hours, BUIDL can now be quickly converted into a widely used stablecoin.
🌐 With 1.456 billion units in circulation, USDtb is integrated across decentralized finance (DeFi) and centralized finance (CeFi) platforms. Converting BUIDL to USDtb allows holders to immediately access this broader ecosystem for trading, lending, or collateral use.
🔗 This partnership builds on the existing collaboration between Securitize and Ethena Labs to enhance the utility of tokenized real-world assets (RWAs) like U.S. Treasuries within the digital asset ecosystem. It particularly benefits institutional users and DeFi applications requiring constant liquidity.
🔒 Securitize emphasizes its commitment to building secure, programmable infrastructure for institutional finance onchain. The company stated,
We’re proud to keep expanding what’s possible with onchain Treasury funds.Читать полностью…
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Vietnam Recognizes Bitcoin And Other Assets With New Legislation
👉 Read more
💰 KULR Technology Group Expands Bitcoin Holdings
📈 KULR Technology Group Inc. has recently acquired 118.6 bitcoins for approximately $13 million, raising its corporate treasury holdings. The average purchase price was about $107,861 per bitcoin, as stated by the company. This acquisition brings KULR's total bitcoin holdings to 920 BTC, representing a total investment of around $91 million at an average price of $98,760 each.
💵 The company funds its bitcoin purchases through cash reserves and proceeds from its At-The-Market equity program. KULR reported a year-to-date bitcoin yield of 260%. Trading on the NYSE American under the ticker KULR, the company specializes in sustainable energy management for aerospace and defense sectors.
📌 Recently, KULR joined the "Bitcoin for Corporations" initiative, which offers institutional-grade tools for managing bitcoin strategies. KULR views bitcoin as a long-term reserve asset and identifies itself as a "Bitcoin First Company" within its energy tech business.
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💰 Ross Ulbricht Receives $31 Million Donation Post-Prison Release
🎁 Ross Ulbricht, the founder of the Silk Road marketplace, has recently been donated 300 BTC, worth over $31 million, to his designated donation wallet. This significant contribution comes as Ulbricht seeks support following his release from prison, where he served a lengthy sentence for his involvement in operating the dark web marketplace.
💬 The donation underscores the ongoing interest and strong support for Ulbricht within the cryptocurrency community. Discussions surrounding his case and the implications of his actions continue to resonate in the broader context of digital currency and online privacy.
👉 In a separate act of generosity from the crypto community, TRON’s Justin Sun gifted Ulbricht the iconic banana artwork ‘Comedian,’ which he had purchased for $6.2 million, on May 30.
👉 El Salvador's Strong Performance in IMF Review
💪 The International Monetary Fund (IMF) has recognized El Salvador's strong performance in meeting the conditions for continued disbursements from a credit facility agreement established in February. The IMF noted that the country successfully implemented its economic reform plan, with most program targets being comfortably met.
💰 This positive assessment paves the way for El Salvador to receive an additional $120 million to support its economic stabilization efforts, pending approval from the fund's executive board. The IMF highlighted that despite a challenging external environment, El Salvador's economy continues to grow due to improved confidence and robust remittances.
📉 Interestingly, while El Salvador has continued its bitcoin purchases, which could have been seen as a violation of the IMF's requirements, the review found no infringements. One of the IMF's stipulations was to halt these purchases, but the fund acknowledged that efforts would be made to ensure that the total amount of bitcoin held by the government remains unchanged.
🔄 The IMF also emphasized the need for the state to reduce its involvement in the Chivo wallet, El Salvador's official bitcoin wallet. Despite the ongoing bitcoin acquisitions, which have added dozens of BTC to the country's reserves, President Nayib Bukele's strategy for balancing these actions with IMF compliance remains unclear.
⚡️ Solana's Alpenglow: A New Consensus Protocol to Compete with Web2
🚀 Solana, a leading cryptocurrency project, has announced a significant upgrade to its consensus protocol aimed at enhancing network performance. The new implementation, Alpenglow, promises to reduce latency to near Web2 levels, positioning Solana to compete more effectively with traditional Web2 providers.
🟥 The developer group Anza introduced Alpenglow as a means to boost the network's bandwidth while minimizing latency. In a recent blog post, they outlined that legacy components like TowerBFT and Proof-of-History will be replaced with Votor and Rotor. These new components are designed to ensure faster voting and finalization times.
Votor optimizes the finalization of blocks based on the percentage of stake participating,
Rotor enhances data dissemination compared to the previous implementation.
A median latency of 150 ms means Solana can compete with Web2 infrastructure in terms of responsiveness,
This potentially makes blockchain technology viable for new categories of applications that require real-time performance.
🪙 Sean Neville Secures $18 Million for AI-Native Banking Initiative
💰 Sean Neville, co-founder of Circle and CEO of Catena Labs, has successfully raised $18 million for Catena's ambitious project: the establishment of the first AI-native financial institution. The funding round was spearheaded by a16z crypto and saw participation from prominent investors including Breyer Capital, Circle Ventures, Coinbase Ventures, CoinFund, Pillar VC, and Stanford Engineering VF. Notable angel investors included Balaji Srinivasan, Bradley Horowitz, Hamel Husain, Kevin Lin, Peter Mattoon, Sam Palmisano, and Tom Brady.
🏦 Catena plans to utilize these funds to advance the development of a fully regulated AI-native financial institution. This institution aims to cater to the unique needs of the evolving AI economy and will be designed specifically for AI agents, with increasing operations managed by AI digital workers. Human oversight will be provided to ensure compliance and risk management tailored for AI.
➡️ Neville envisions a future where AI agents will handle the majority of economic transactions. However, he notes that current financial systems are ill-equipped and resistant to AI interactions. He stated,
That’s why we’re building an AI-native financial institution that will give AI agents, and the businesses and consumers they serve, the ability to transact safely and efficiently.
While we are integrating existing payment networks as we bridge into the future, we’re focused on transforming how money moves in the AI economy by using regulated stablecoins that offer near-instant settlement, minimal transaction costs, and easy integration with AI workflows.Читать полностью…