1. Michael Saylor Signals Fresh Bitcoin Buy
MicroStrategyâs co-founder, Michael Saylor, teased another Bitcoin acquisition by the company via an X post (âSend more Orangeâ), marking a potential ninth straight week of Bitcoin accumulation . Since late May, MicroStrategy has purchased roughly 705 BTC (~$75 million at ~$106.5K/BTC), bringing its total holdings to 580,955 BTCâvalued at around $61.4âŻbillion, with an unrealized profit of approximately $20.6âŻbillion .
2. Tether CEO Rules Out IPO Plans
Paolo Ardoino, Tetherâs CEO, firmly stated that the stablecoin issuer has no intention of going public, despite recent speculation tied to Circleâs NYSE debut and a reported $515 billion valuation .
3. Security Alert: Layerâ2 Alex Protocol Hacked
Alex Protocol, a Bitcoin Layerâ2 solution, suffered a major exploitâthe attacker siphoned approximately $8.3 million. The team has pledged to fully reimburse victims, compensating in USDC .
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â Political Fallout & Price Volatility
A public clash on social media between Donald Trump and Elon Musk triggered a sharp dip: Bitcoin dropped below $101,000 before rebounding to around $104,000 . This event underscores how political narratives can quickly influence crypto sentiment.
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đ Altcoin Spotlight: XRP & Shiba Inu
XRP is gaining renewed attention after Rippleâs favorable ruling with the SEC. Analysts expect institutional inflows and a jump in momentum ahead of a potential XRP ETF decision, possibly as soon as June 17. Technical charts show XRP edging towards key breakout levels â targets of $3 to $5 are within sight if catalysts align .
Shiba Inu (SHIB) had been trading near $0.00001276, following a dip tied to the TrumpâMusk feud. Bullish forecasts suggest that a $1,000 SHIB investment could soarâranging from ~$600,000 to as high as $7âŻmillion by 2040, depending on the source . This reflects extreme longâterm speculation and should be considered with caution.
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đ Analyst Insights
Cardano (ADA) is receiving bullish sentiment after forming a new correlation with Bitcoin and XRPâsome analysts forecast a rally to $2 in the near term .
Solana (SOL), BNB, and other large caps continue to trade in consolidation patterns, with investors watching key resistance levels for breakout cues .
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đ° Summary Table
Topic Key Takeaway
Bitcoin Consolidating around $104K; political events cause short-term ploys.
MicroStrategy Potential 9th consecutive weekly BTC buy, accelerating accumulation.
Tether No plans to IPO, distancing itself from Circle's path.
Alex Protocol Experienced an $8.3M hack; reimbursement promised.
XRP On the cusp of a technical breakout; ETF decision by June 17 may be pivotal.
Shiba Inu (SHIB) Highly speculative growth outlook by 2040, but extremely uncertain.
Cardano (ADA) Analyst optimism around stronger ties with BTC/XRP and rally to $2.
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đ What to Watch Next
1. MicroStrategyâs Announcement â Will they confirm another BTC purchase this week?
2. XRP ETF Decision (~June 17) â A green light could catalyze major price movement.
3. Layerâ2 Security Risks â Alex Protocolâs exploit is a reminder to watch L2 platforms closely.
4. Market Reaction â How political headline
s (especially Trump vs. Musk) continue influencing trader behavior.
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