Trump pledged last month to support crypto if he’s elected

Is Donald Trump looking to endear himself further to the $2.5 trillion crypto industry with the launch of a new crypto token called "Trump Coin"?

That’s the buzz, according to crypto industry participants, as Trump ramps up his campaign for the November presidential election. Industry experts are trying to figure out the origins of a so-called meme token registered on the Solana blockchain platform under the symbol "DJT" and the moniker "Trump Coin."

DJT, of course, is the stock symbol of Donald Trump's social media platform called Truth Social. The stock itself has been a meme stock favorite since going public in March, with shares of DJT trading as high as $79.38. The stock currently trades around $35.

Read more

The percentages on deposits as of June 17

Read more

Bitcoin failed to climb above $67,000 and started another decline.
The price is trading below $66,800 and the 100 hourly Simple moving average.
There was a break below a connecting bullish trend line with support at $66,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could continue to move down and even trade below the $65,500 support zone.

Read more

The percentages on deposits as of June 14

Read more

ETH tickers down
$3,518 has just notched one of its biggest days in long-term holder accumulation — seemingly taking advantage of a 2% price drop over 24 hours.

“Ethereum demand has spiked. Buying by permanent holders was the second highest on record yesterday,” CryptoQuant head of research Julio Moreno wrote in a June 13 X post.

Moreno highlighted that 298,000 Ether tokens were acquired by accumulation addresses over a 24-hour period on June 12 — equivalent to roughly $1.34 billion at the time of publication.

The amount acquired was only 6% lower than the record on Sept. 11, 2023, when long-term holders bought 317,000 Ether as the price fell below $1,600.

Read more

Read more