Kategorie: Crypto News

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Truth Social files for a Bitcoin and Ethereum ETF

  • Truth Social has filed for a Bitcoin and Ethereum ETF with the US SEC.
  • The Truth Social Bitcoin and Ethereum ETF will offer combined exposure to BTC and ETH in one product.
  • The move marks Truth Social’s bold entry into digital finance.

Truth Social has officially entered the cryptocurrency investment space, pursuing a Bitcoin and Ethereum ETF.

According to a tweet by Bloomberg ETF analyst James Seyffart, the social media platform backed by US President Donald Trump on June 16, 2025, filed an S-1 registration statement with the US Securities and Exchange Commission (SEC) to launch a new cryptocurrency exchange-traded fund (ETF).

The ETF, named the Truth Social Bitcoin and Ethereum ETF and carrying the proposed ticker “B.T.,” seeks to combine exposure to both Bitcoin and Ethereum in a single investment product.

Truth Social’s entry into the financial sector

This filing marks Truth Social’s most significant step yet into the financial sector, underscoring a growing interest in blockchain technology and digital assets.

Although the platform initially launched as a political and social media outlet, it has increasingly expanded its focus to align with digital innovation trends.

Now, with this ETF filing, the company appears to be positioning itself as a serious player in the intersection of finance, crypto, and digital infrastructure.

Notably, the move not only signals Truth Social’s intent to diversify but also reflects a broader trend of mainstream platforms entering the digital asset space.

In addition, venturing into the crypto space, Truth Social may be seeking to appeal to a younger and more tech-savvy demographic that is increasingly influential in both markets and politics.

The Truth Social Bitcoin and Ethereum ETF will offer BTC and ETH exposure

The proposed ETF will offer investors exposure to the two largest cryptocurrencies, Bitcoin and Ethereum, within a single investment vehicle.

Unlike many previous ETF attempts that focused on only one asset, this dual-exposure structure may appeal to investors looking for a more diversified entry point into the digital currency market.

Sponsored by Yorkville America Digital, LLC, the fund is expected to track the market performance of both BTC and ETH, though full details will depend on the SEC’s approval process.

With crypto markets maturing and regulatory clarity slowly improving, the Truth Social Bitcoin and Ethereum ETF, if greenlit, would provide traditional investors with a regulated way to gain crypto exposure without needing to directly hold or manage the digital assets themselves.

That level of accessibility could broaden crypto adoption among risk-averse or institutionally focused market participants.

While SEC approval is never guaranteed, the application adds momentum to the growing wave of crypto-related financial products being proposed in the United States.

The post Truth Social files for a Bitcoin and Ethereum ETF appeared first on CoinJournal.

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Polyhedra’s ZKJ token collapses following ‘abnormal on-chain activity’

  • The Polyhedra Network (ZKJ) token has plunged 91% after abnormal on-chain activity.
  • Binance has blamed whale exits and a liquidation cascade for the token crash.
  • The upcoming June 19 token unlock may trigger further price drops.

The cryptocurrency market has once again been rocked by a dramatic price collapse, this time involving Polyhedra Network’s native token, ZKJ.

The ZKJ token has suffered an unprecedented decline of over 91% in less than 24 hours, sending shockwaves across exchanges and drawing scrutiny from regulators, investors, and analysts alike.

ZKJ, which had been trading steadily around $2.00 for over a month, crashed to a record low of $0.2676 on June 15, 2025, wiping out nearly $500 million in market capitalisation.

ZKJ token crash

This price crash has raised serious concerns over liquidity risks, tokenomics structure, and the influence of large holders in decentralised finance.

What caused the sudden Polyhedra Network (ZKJ) price collapse?

The ZKJ price collapse began early on June 15 when Polyhedra Network posted on X (formerly Twitter) that a wave of “abnormal on-chain transactions” had struck the ZKJ/KOGE trading pair.

Within hours, the token’s price plummeted by more than 83%, as market participants scrambled to understand what had triggered the meltdown.

Binance later weighed in, attributing the collapse to a liquidity crisis stemming from large-scale withdrawals involving KOGE, a token closely paired with ZKJ.

According to the exchange, these withdrawals created a “liquidation cascade” as major wallets began offloading their holdings.

As KOGE’s USDT pool was drained, traders moved their assets into the ZKJ/USDT pool, which quickly became overloaded.

This sudden shift overwhelmed the system, accelerating the sell-off and deepening the decline in ZKJ’s value.

Massive withdrawals and whale activity

Blockchain data has revealed several wallets that had been actively farming Alpha Points before the crash.

One wallet alone withdrew more than $3.7 million in KOGE and $530,000 in ZKJ.

Two other wallets combined pulled out nearly $5 million, further intensifying the downward spiral.

These actions suggest the involvement of large holders, commonly known as whales, whose exits likely triggered cascading liquidations across leveraged positions.

As prices tumbled, margin calls were activated, leading to forced liquidations that compounded the selling pressure.

Although some community members have speculated about foul play, no leading blockchain analytics platform has verified such claims.

Polyhedra, for its part, insists it is conducting a thorough review and maintains that its core technology remains unaffected.

Binance has altered its Alpha Points rules for ZKJ and KOGE

In response to the unfolding situation, Binance announced a major change to its Alpha Points rewards program.

Starting June 17, trades between Alpha tokens, including ZKJ and KOGE, will no longer count toward Alpha Points calculations.

This policy shift is aimed at reducing systemic risk and discouraging concentrated trading behaviors that can lead to abrupt market failures.

Binance’s decision is being viewed as a proactive step to restore market integrity and reduce manipulation.

Upcoming token unlock adds to the bearish pressure

Further adding to investor anxiety is the imminent unlock of 15.5 million ZKJ tokens scheduled for June 19.

Valued at approximately $10 million, this unlock could flood the market with fresh supply at a time when confidence is already severely shaken.

Given that this represents more than 5% of the current circulating supply, market analysts warn that another sharp drop could occur if holders rush to sell upon unlocking.

The timing could not be worse for a token already reeling from its steep fall.

The post Polyhedra’s ZKJ token collapses following ‘abnormal on-chain activity’ appeared first on CoinJournal.

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Bitcoin price rebounds to $107k despite Middle East tensions

  • Bitcoin price has recovered from its sell-off to trade above $107,000.
  • The Bitcoin price was up nearly 2% in 24 hours on June 16, 2025, despite Middle East tensions.
  • Analysts say BTC has shown resilience since it touched lows of $102,800 on June 11.

Bitcoin (BTC) showed notable strength as the price recovered to trade above $107,000 in the early trading session on Monday, June 16, 2025, despite continuing concerns over a potential war breaking out in the Middle East.

The price of BTC touched lows of $102,800 last week amid negative headlines fueled by Israel and Iran’s aggression against each other.

However, with markets likely buoyed by a potential peace deal, the benchmark cryptocurrency is back near $107k.

A slight recovery across the market has also seen Ethereum rebound above $2,600, XRP above $2.20, and Solana above $1.56.

Top gainers in the past 24 hours include Hyperliquid (HYPE), which shot to a new all-time high above $44.7 as its total value surpassed $2 billion.

QCP analysts on BTC, market bounce

While geopolitical headwinds prevail, led by the Iran-Israel situation, analysts are pointing to Bitcoin’s resilience amid institutional interest.

The market has witnessed notable traction for spot Bitcoin exchange-traded funds (ETFs) as another factor to consider.

Spot Bitcoin ETF inflows reached $1.3 billion in the past week.

According to analysts at Singapore-based QCP Capital, the price of Bitcoin is showing impressive strength despite the Middle East tensions.

Recovery for BTC mirrors gains in the US futures market on Monday.

In reference to the price drop seen last week and over the weekend, QCP wrote.

“The reaction was relatively muted. Friday’s pullback was just 3%—mild compared to April 2024, when similar headlines triggered an 8% drawdown. The market seems more composed this time around.”

However, the analysts say downside risks persist, particularly if Iran blocks the Strait of Hormuz or the US military gets directly involved in the conflict.

But what could this mean for Bthe TC price long term?

“Ironically, such risks may support $BTC over the longer term. With the asset less than 6% off all-time highs, its performance continues to reinforce a narrative of $BTC as a hedge against macro instability and rising debt burdens,” QCP added. “Recent price action suggests $BTC is no longer just a speculative trade. Structural adoption is being driven by conviction flows, even as the broader macro picture remains unsettled.”

Bitcoin price prediction

Bitcoin reached its all-time high above $111,970 on March 22, 2025. The current prices, despite the sharp decline seen last week, only put BTC over 4% off the ATH.

With Bitcoin fear & greed index suggesting the market remains in greed territory, it’s possible bulls could soon retest the psychological $110k level.

However, buyers face a supply wall around the $108k area. On the flipside, key support levels lie around $103k.

The post Bitcoin price rebounds to $107k despite Middle East tensions appeared first on CoinJournal.

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Hyperliquid price surges to all-time high with TVL crossing $2 billion

  • Hyperliquid (HYPE) trades above $44 after hitting a new all-time high.
  • A rally of over 11% in the last 24 hours has bulls in control as open interest also reaches a new ATH.
  • The technical picture suggests a possible breakout above $50, but can bulls go for $100 in coming days?

Hyperliquid (HYPE) price jumped to a new all-time high above $44.76 on June 16, 2025, allowing buyers to push into price discovery mode.

The gains for HYPE came amid an 11% surge in 24 hours and over 25% rally in the past week.

With Hyperliquid trending as one of the top coins in the market, open interest is rising and a bullish setup suggests a spike above $50 is possible.

An innovative DeFiLlama infrastructure and aggressive token buyback are some of the bullish catalysts for Hyperliquid.

HYPE price soars to new all-time high

As of writing, the native token of this layer 1 blockchain for decentralized finance (DeFi), hovers around $44.36. However, as per CoinMarketCap, HYPE price surged to an all-time high of $44.76 in early trading on Monday.

The upside coincides with a sharp spike in total value locked (TVL), which currently exceeds $2.24 billion.

DeFiLlama data shows Hyperliquid TVL has increased nearly 7% in the past 24 hours. On June 11,2025, the Hyperliquid TVL stood around $1.7 billion.

The project’s growing ecosystem, with a crucial stablecoin architecture and thriving developer community, adds to the bullish outlook.

As HYPE price hit its new ATH above $44.7, a whale with a long position of 4x leverage increased their profits. OnChain Lens noted the whale’s floating profit hovered at over $13.7 million at the time.

Hyperliquid price prediction: Is $100 next?

Open interest, huge trading volume and increased institutional interest are all factors that see HYPE’s price hover at its all-time highs.

Coinglass data shows derivatives volume for HYPE has jumped 29% to over $1.8 billion.

Meanwhile, OI is above $2 billion with a more than 15% spike. This optimism about Hyperliquid’s price potential also aligns with signals from key technical indicators.

On the daily chart, the 14-day Relative Strength Index (RSI) stands at 69. This means a market that’s not overbought yet. In this scenario, buyers have room for fresh gains.

Also backing this outlook is the Moving Average Convergence Divergence (MACD), which offers a bullish momentum as MACD line trends above the signal line.

HYPE price on daily chart by TradingView

In a bullish case, the short-term picture is for a decisive spike above $50 and potential run to the psychological $100 mark.

Notably, HYPE could rally much higher in 2025 amid further adoption of its decentralized applications and attractive financial incentives.

On the flipside, profit taking could force bulls to defend the $40 and $32 price levels.

The post Hyperliquid price surges to all-time high with TVL crossing $2 billion appeared first on CoinJournal.

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US Bitcoin ETF inflows hit over $1.3 billion last week

  • BTC crossed $106,000 on 13 June, sparking institutional buying.
  • The coin currently trades near the $107K mark.
  • Market signals show mixed short-term sentiment despite the ETF rebound.

Bitcoin investment products saw a sharp rise in institutional inflows last week, reversing a two-week trend of capital flight.

Between 9 and 13 June, BTC-backed exchange-traded funds (ETFs) recorded $1.37 billion in net inflows, marking their first positive weekly performance since late May.

The turnaround in sentiment came despite sluggish price action early in the week, suggesting a shift in investor behaviour driven by price recovery and growing appetite for digital assets in traditional markets.

The resurgence in inflows reflects how closely institutional participation remains tied to BTC’s price performance.

While the early part of the week saw subdued demand due to Bitcoin trading flat below $106,000, the mood shifted rapidly once the coin rebounded.

By 13 June, BTC had crossed the $106,000 mark and closed the week strong, leading to a fresh wave of capital inflow across ETF markets.

The momentum saw BTC ETFs absorb more than $1 billion in new funds, underscoring the growing confidence among institutional players.

Derivatives market shows signs of caution

Despite the uptick in spot ETF activity and Bitcoin’s 1% price gain on Monday, the derivatives market paints a more cautious picture.

As of writing, Bitcoin trades at $106,994, with a 19% rise in 24-hour trading volume.

bitcoin price
Source: CoinMarketCap

However, futures open interest—a key metric tracking unsettled contracts—has declined nearly 10% since 10 June, now standing at $69.39 billion.

This decline signals that many traders are closing out or refraining from entering new leveraged positions.

In times of heightened uncertainty or weak price conviction, such a move often reflects a risk-off attitude.

Lower open interest can also indicate reduced market participation, which typically leads to lower volatility but also dampens bullish momentum.

The disconnect between ETF inflows and derivative activity points to a mixed outlook.

While long-term holders and institutions appear more confident in Bitcoin’s trajectory, short-term speculators remain wary of potential pullbacks or broader market corrections.

Sensitivity to BTC price remains high

The interplay between ETF inflows, derivative markets, and on-chain sentiment suggests that Bitcoin remains highly sensitive to price signals.

The dramatic reversal in ETF participation shows that institutional capital flows are still reactive to near-term performance.

A firm close above a psychological resistance level like $106,000 can, therefore, unlock substantial inflows, even after short periods of consolidation or outflows.

Conversely, the subdued activity in the futures market and rising demand for puts shows that not all market participants are convinced of a sustained rally.

This divergence highlights a broader trend in the crypto markets, where long-term conviction and short-term caution often coexist.

For now, Bitcoin has managed to recapture institutional attention, at least in the spot ETF space.

Whether this trend can sustain itself amid mixed signals in the derivatives sector will depend on how BTC performs in the coming weeks—particularly whether it can defend the $106,000 level and regain broader market confidence.

The post US Bitcoin ETF inflows hit over $1.3 billion last week appeared first on CoinJournal.