2025 crypto trading and market thread

[pmbug]

Nope. Paolo's tweet was dumb and that video conflates a shared interest with a social media platform. People can have all manner of shared interests - like gold. Is gold a social network? lol. A social network can develop around a shared interest, but that doesn't make the interest itself a social network.

 

[nickndfl]

BTC to $175k? It is being adopted by institutions all over the world. DYODD

 

[searcher]

Ross Ulbricht Given 300 Bitcoin Donation – News Bytes Bitcoin News

Ross Ulbricht, the recently freed founder of the Silk Road marketplace, has received a donation of 300 BTC, valued at over $31 million, to his designated

news.bitcoin.com

Panama Accelerates Bitcoin Adoption: Payments, Bank Accounts, and a Strategic Reserve Ahead – Crypto News Bitcoin News

The mayor of Panama, Mayer Mizrachi, made several announcements at the Bitcoin 2025 conference, focused on turbocharging crypto adoption.

news.bitcoin.com

 

[searcher]

Ross Ulbricht Given 300 Bitcoin Donation – News Bytes Bitcoin News

Ross Ulbricht, the recently freed founder of the Silk Road marketplace, has received a donation of 300 BTC, valued at over $31 million, to his designated

news.bitcoin.com

Gotta love stories like this.

The dubious story behind Ross Ulbricht's $30M donation: 300 Bitcoins traced back to old Silk Road wallets​

Ross Ulbricht didn’t get handed 300 Bitcoin by some mystery savior. He sent the money to himself—at least, that’s what the author of this article thinks.

Now, around twenty-four hours ago, shortly after Ross made a historic appearance at Bitcoin 2025 in Las Vegas, a wallet tied to the former Silk Road operator suddenly received 300 BTC, worth roughly $31.4 million.

According to data tracked by blockchain analytics platform Arkham Intelligence, the funds landed in a wallet that has been publicly linked to Ross. People quickly assumed it was another round of donations he’d been receiving since being released.

More:

https://www.msn.com/en-us/news/us/t...S&cvid=71054c3d033f46068b5a2f816e731ff4&ei=12

 

[pmbug]

Caveat emptor...

 

[searcher]

Crypto Bros Celebrate Themselves at Bitcoin's Most MAGA Convention Yet​

In another time, the Bitcoin 2025 convention at Las Vegas' Venetian hotel casino last week might have been most memorable for its cringeworthy moments. There was a group that wore shirts with the slogan "Jesus Loves Bitcoin" on the back. David Bailey, CEO of the parent company of conference host Bitcoin Magazine, tried to buy bitcoin in an on-stage transaction - and it didn't work. Interludes featured music by a string quartet; they covered the techno instrumental "Sandstorm" by Darude. The company Realbotix demoed Aria, an uncanny humanoid robot, who stood next to a table where passersby could feel the texture of a sample silicone face like her own. "Soft, right?" one man commented admiringly. Realbotix CEO Andrew Kiguel, asked what he would say to someone creeped out by the bot, says he more often hears the response, "I'd like to find a way to make this my romantic partner." Toward the end of the conference, we endured seven minutes of slam poetry that included lines such as "Bitcoin is the truth, not my truth or your truth, or even our truth / It is the truth / It is math." This followed a keynote by business executive and Bitcoin crusader Michael Saylor called "21 Ways to Wealth," with steps that included asking AI models how to legally structure your business. The advice was accompanied by slides of cultish, AI-generated illustrations that painted Bitcoin in an almost sacred light. "You feed the fire by buying bitcoin," Saylor said. "He who has the most bitcoin at the end of the game is the winner."

More:

https://www.msn.com/en-us/news/poli...a-convention-yet/ar-AA1FXqN4?ocid=socialshare

 

[pmbug]

More caveat emptor ...

If you haven’t been following along $MSTR ponzinomics here’s a summary…

1. $MSTR survives as a fake Bitcoin ETF in a market full of actual Bitcoin ETFs because it trades at a 2x+ premium to the value of its Bitcoin…for reasons (Half due to some institutional regulations…half bc it’s a cult)

2. But Saylor has had to issue/sell so many new shares of $MSTR to keep buying Bitcoin at the top, that NAV premium has been tanking from dilution

3. If the NAV premium collapses, so does the $MSTR share price

4. So Saylor creates 2 Preferred share structures called $STRK & $STRF to raise more cash to buy Bitcoin without direct dilution of $MSTR common stock, hoping to boost NAV premium

5. These shares are supposedly backed by the same Bitcoin as $MSTR, convertible to $MSTR, and pay a high annual dividend

6. $MSTR as a business doesn’t generate cash flow, so those dividends must be paid by either selling/granting $MSTR common shares, or selling Bitcoin……so they’re still dilutive

7. Since he hasn’t been able to sell enough $STRK and $STRF to support the NAV, Saylor just created a 3rd preferred called $STRD, which also grants a dividend, but doesn’t have any guarantees it will be paid

8. $STRD will likely trade with a higher yield due to the increased risk. Saylor says it also will be used for $MSTR share buybacks if the NAV falls too low

9. $MSTR have created a massive tower of diluting leverage, all supposedly backed by the same pool of assets, to continue to raise capital from a shrinking pool of cash to buy Bitcoin

10. The only way this tower can stay standing is if Bitcoin (and $MSTR price) keeps going up, and Saylor can keep buying Bitcoin.

If the money stops flowing in…

ie..it’s the biggest publicly traded Ponzi Scheme of all time

 

[searcher]

I enjoy interviews like this. It's a podcast, nothing to see. Can listen in one tab, play around the forum in a different tab.

KLFSN

Trace Mayer’s Bitcoin Journey: Still Holding Strong​

Jun 4, 2025
Kerry Lutz sits down with early Bitcoin adopter and crypto strategist Trace Mayer, who reveals why he bought Bitcoin at the very beginning—and never sold. But this episode goes far beyond personal conviction. Mayer exposes a growing trend: nearly 50% of Republican political donations are now happening through crypto. It’s not just about money—it’s about freedom from financial gatekeepers, regulatory overreach, and legacy donor systems. Discover how the GOP is using blockchain to fuel a decentralized political machine, while Democrats remain stuck in the fiat past. This is the intersection of Web3 and political warfare—and it’s already underway.


25:31

Find Trace here: http://www.trace.com or here: https://www.bitcoin.kn
Find Kerry here: http://financialsurvivalnetwork.com/ and here: https://inflation.cafe

 

[searcher]

Bitcoin rebounds after Trump and Musk's online feud weighs on crypto prices: CNBC Crypto World​

Jun 6, 2025 #CNBC #CNBCTV #Crypto
On today's episode of CNBC Crypto World, bitcoin bounces back after an only feud between President Trump and Elon Musk put pressure on crypto. Plus, Switzerland considers sharing crypto tax information with dozens of countries. And, JP Richardson of Exodus shares his outlook for bitcoin in the second half of the year, and he weighs in on recent crypto-linked kidnapping fears.


11:02

Chapters
00:00 - CNBC Crypto World, June 6, 2025
0:21 - Bitcoin bounces back
1:07 - The headlines
2:34 - JP Richardson of Exodus

 

[nickndfl]

Been trying to add to IBIT on a dip, but it has yet to materialize significantly.

 

[searcher]

How The USA Is Becoming The Bitcoin Superpower Of The World | Bo Hines​

Jun 8, 2025 The Wolf Of All Streets Podcast
Bo Hines, Executive Director of the White House’s Presidential Council of Advisers for Digital Assets, joined me on The Wolf Of All Streets to expose the U.S. government’s dramatic shift from fighting crypto to embracing it. We unpack how the new administration is dismantling outdated rules, advancing stablecoin legislation, and laying the groundwork for a national Bitcoin reserve. If you want an inside look at how Washington is going all-in on crypto, this is the episode to watch.


23:27

 

[searcher]

Bitcoin is introduced into Africa's largest slum, with risks and rewards​

Jun 9, 2025
A Kenyan company has introduced bitcoin into what is widely considered Africa’s largest urban slum. (AP video by Moses Ndungu).


1:42

 

[nickndfl]

Right now in Kenya it's .0000001 BTC for a fried antelope sandwhich and a cup of water in a plastic bag.

 

[pmbug]

I didn't know there were so many ETFs in the pipeline...

 

[searcher]

Bitcoin and ether fall as tensions between Israel and Iran intensify: CNBC Crypto World​

Jun 13, 2025 #CNBC #CNBCTV #Crypto
On today's episode of CNBC Crypto World, cryptocurrencies fall as tensions grow between Israel and Iran. Plus, Max Branzburg of Coinbase speaks to Crypto World from the State of Crypto Summit to break down the crypto exchange's new credit card in partnership with American Express.


8:37

Chapters:
00:00 - CNBC Crypto World, June 13, 2025
0:24 - Bitcoin and ether fall
1:50 - Max Branzburg of Coinbase

 

[pmbug]

 

[searcher]

Dominant Chinese makers of bitcoin mining machines set up US production to beat tariffs​

By Samuel Shen and Vidya Ranganathan

SHANGHAI/SINGAPORE (Reuters) -The world's three best-selling makers of bitcoin mining machines - all of Chinese origin - are setting up manufacturing footholds in the United States as President Donald Trump's tariff war reshapes the cryptocurrency supply chain.

Bitmain, Canaan and MicroBT build over 90% of global mining rigs - essentially computers dedicated to number-crunching that produces bitcoin. Establishing U.S. bases could shield them from tariffs but risks stoking security concerns the U.S. has with China in areas as varied as chip making and energy security.

"The U.S.-China trade war is triggering structural, not superficial, changes in bitcoin's supply chains," said Guang Yang, chief technology officer at crypto tech provider Conflux Network.

Moreover, for U.S. firms, "this goes beyond tariffs. It's a strategic pivot toward 'politically acceptable' hardware sources," Yang said.

More:

https://www.msn.com/en-us/money/mar...-to-beat-tariffs/ar-AA1GVqz8?ocid=socialshare

 

[nickndfl]

I was hoping for a new $104k base, but it looks like it will be $100k.

Others have said it will be $140k by the summer. It needs to go the other way first.

 

[searcher]

Coinbase shares rise as investors anticipate U.S. stablecoin rules: CNBC Crypto World​

Jun 20, 2025 #CNBC #CNBCTV #Crypto
On today's episode of CNBC Crypto World, bitcoin and ether are little changed as investors assess the Fed's next move on interest rates and President Trump's strategy for the Israel-Iran conflict. Plus, Coinbase rises after the company shuffles its EU hub to Luxembourg and investors await U.S. stablecoin rules. And, Phil George of EarnOS discusses why brands could could look to stablecoins in the future.


10:54

Chapters
00:00 - CNBC Crypto World, June 20, 2025
0:25 - Crypto prices little changed
0:56 - The headlines
3:55 - EarnOS founder Phil George

 

[searcher]

Texas Governor Greg Abbott signs SB 21 into law, officially creating Texas Strategic Bitcoin Reserve​

Texas Gov. Greg Abbott signed Senate Bill 21 into law on June 21, 2025, creating the Texas Strategic Bitcoin Reserve and making Texas the third U.S. state to do so.

Gov. Abbott received SB 21 on June 1, 2025, and had until June 22, 2025, to sign or veto it. Under the Texas Constitution, a bill left unsigned by that date becomes law automatically. With SB 21 now signed, Texas has now become the third state to approve a Strategic Bitcoin Reserve.

More:

https://www.msn.com/en-us/money/mar...-bitcoin-reserve/ar-AA1HathT?ocid=socialshare

 

[Voodoo]

Bitcoin and cryptos not liking something this morning. Taking a beating. Don't think it was the "bombing" cause it waited till Sunday morning.

 

[Voodoo]

I have no idea what's going on but Ether looks extremely weak on a weekly chart. All those wicks show repeated attempts to break that resistance but someone kept selling. This might be heading to 3 digits.

 

[pmbug]

Cryptos are highly correlated with equities these days. I expect the NYSE / NASDAQ will tank this week based upon how the cryptos are moving today.

 

[Voodoo]

Sunday at 7am is a very odd time to start liquidating. I think someone (probably one of these over leveraged Hedge Funds is having trouble. Perhaps its a bank or just maybe its emanating from Japan.

 

[pmbug]

Cryptos are global. Anyone can trade at any time from anywhere. I have to assume that there are plenty of whales and sharks (and AI !) in the waters at all times.

 

[Voodoo]

So why would you decide to dump a Bunch on a Sunday morning when liquidity has got to be about the worst time? Of cource they brought it mostly back but the down volume was way higher than the up volume.

 

[pmbug]

Maybe whales looking to flush weak hands from the leverage markets so they can buy back cheap?

 

[searcher]

Crypto rules of the road framework unveiled by Republican senators​

• Two Republican senators introduced principles for a bill meant to provide a legal framework for digital assets.
• Legislation would define when crypto will be overseen by the SEC, rather than the Commodity Futures Trading Commission.
• Movement on crypto bills remains uncertain as members of the House and Senate grapple with different versions.

Two Republican senators are planning to debut a framework on Tuesday for a major bill that would set the rules of the road for digital assets.

According to the framework, being introduced by Senate Banking Chairman Tim Scott of South Carolina and Sen. Cynthia Lummis of Wyoming, who heads the panel’s digital assets committee, the future bill will define when crypto is a commodity or a security, allow crypto exchanges to register with the Commodity Futures Trading Commission and reduce the SEC’s regulation of digital currencies.

More:

https://www.cnbc.com/2025/06/24/crypto-rules-of-the-road-framework-unveiled-by-republican-senators-.html

 

[nickndfl]

I think $100k is a new base? I was a BTC bear until the US govt endorsed it. Who am I to fight them?

At some point there is going to be a gap up, a pullback and another bounce. Talk to me at $140k.

 

[pmbug]

There is growing chatter on X about the Director of Federal Housing FHFA changing the rules to allow Freddie Mac and Fannie Mae to accept crypto as collateral for federal home mortgages.

Homebuyers in the US may soon be able to use cryptocurrency assets to strengthen their mortgage application, according to Bill Pulte, who oversees housing giants Fannie Mae and Freddie Mac.

“After significant studying, and in keeping with President Trump’s vision to make the United States the crypto capital of the world, today I ordered the Great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage,” said Pulte, who heads up the Federal Housing Finance Agency, in a social media post.
...
Pulte’s directive would benefit prospective homebuyers who may not want to exchange their cryptocurrency holdings into US dollars in order to qualify for a government-backed mortgage. ...

https://www.cnn.com/2025/06/25/economy/fannie-and-freddie-crypto-asset-mortgages

Do they accept gold? I honestly don't know.

 

[Voodoo]

I don't think they use Anything as collateral. They generally ignore your assets when going to get a mortgage. I mean they ask for them and go to a couple ratios but they can't take collateral from the borrower.

 

[searcher]

Sen. Tim Scott says crypto market structure bill will be done by end of September: CNBC Crypto World​

Jun 27, 2025 #CNBC #CNBCTV #Crypto
On today’s episode of CNBC Crypto World, shares of crypto miner Core Scientific continued to climb for a second day following reported buyout talks with AI infrastructure giant CoreWeave. Plus, Sen. Tim Scott shares a timeline for a bill establishing rules for U.S. crypto markets. And, Ric Edelman, founder of the Digital Asset Council of Financial Professionals, explains why he’s calling for financial advisors to allocate up to 40% to crypto in portfolios.


12:41

Chapters:
00:00 - CNBC Crypto World, June 27, 2025
0:32 - Bitcoin trades flat
1:27 - The headlines
4:47 - DACFP's Ric Edelman