Cryptocurrency Live News & Updates : Bitcoin Drops Amid Trump's Iran Comments
In recent developments, Bitcoin experienced a notable decline following comments from former President Donald Trump regarding Iran's supreme leader, which heightened geopolitical tensions. The cryptocurrency fell sharply before recovering slightly, reflecting a broader weakening of crypto sentiment as indicated by the Fear & Greed Index. Meanwhile, Gemini has taken a stand against the CFTC, alleging misconduct in a prolonged legal battle stemming from a 2022 lawsuit. The exchange claims the CFTC's actions were driven by personal ambition rather than public interest. In the derivatives market, Binance Futures is set to launch new perpetual contracts, MYXUSDT and FUSDT, with significant leverage options, catering to rising interest in decentralized finance. Additionally, Bitcoin traders are closely monitoring the Federal Reserve's upcoming dot plot, which could influence market dynamics, especially if the Fed signals fewer rate cuts than expected. Lastly, Ark Invest has sold a substantial amount of Circle shares following the Senate's approval of the GENIUS Act, which aims to regulate stablecoin issuers, indicating a strategic shift in their investment approach.
Bitcoin's price fell from $104,310 to $103,553 after Trump labeled Iran's supreme leader an 'easy target,' raising geopolitical tensions. The Fear & Greed Index also dipped to neutral, with analysts warning of a potential drop below $100,000.
Bitcoin Drops Amid Trump's Iran Comments
Bitcoin's price fell from $104,310 to $103,553 after Trump labeled Iran's supreme leader an 'easy target,' raising geopolitical tensions. The Fear & Greed Index also dipped to neutral, with analysts warning of a potential drop below $100,000.
Gemini Accuses CFTC of Misconduct in Probe
Gemini has lodged a complaint against the CFTC, claiming the agency's seven-year investigation is unfounded and driven by personal ambition rather than public interest.
Binance Futures Introduces MYXUSDT and FUSDT Contracts
Binance Futures will launch MYXUSDT and FUSDT perpetual contracts on June 18, offering up to 50x leverage and settling in USDT.
Bitcoin Traders Focus on Fed's Dot Plot Insights
Traders are anticipating the Federal Reserve's dot plot for future market direction, despite expectations of steady interest rates at 4.25%–4.50%. A hawkish outlook could pressure Bitcoin prices, while a dovish surprise may reignite momentum.
Ark Invest Divests $45M in Circle Shares Post-GENIUS Act
Ark Invest sold 300,108 shares of Circle Internet Group for $44.7 million following the Senate's approval of the GENIUS Act, which regulates stablecoin issuers.
Feniix Energy Acquires $75 Million Assets via Blockchain
Feniix Energy has successfully acquired $75 million in oil and gas assets through blockchain tokenization, utilizing Global Settlement's GSX protocol for instant settlement and transparency.
Binance Halts IoTeX Transactions for Upgrade
Binance will temporarily suspend IoTeX (IOTX) network deposits and withdrawals starting June 19, 2025, to implement a network upgrade and hard fork aimed at improving user experience.
SHIB Long Positions Liquidated Amid Bearish Sentiment
The SHIB long/short ratio has fallen to 0.9298, indicating a bearish trend, with over $1.8 million in long positions liquidated since June 12. Despite a 10% price drop this week, SHIB holds key support at $0.00001100, with signs of a potential bullish reversal.
Vanadi Coffee Boosts Bitcoin Holdings by 20 Coins
Spanish coffee chain Vanadi Coffee has increased its Bitcoin reserves by 20 coins, bringing its total to 30 Bitcoins.
JustLend DAO's TVL Exceeds $6.19 Billion
JustLend DAO, a prominent DeFi platform in the TRON ecosystem, has surpassed a total value locked (TVL) of $6.19 billion, with over $123 million in funding and a user base exceeding 471,000.
Accumulator Strategy Beats DCA for Bitcoin Investment
Research by OrBit Markets reveals that the accumulator strategy has outperformed dollar-cost averaging (DCA) for Bitcoin over the past 2.5 years, offering lower acquisition costs, particularly for corporate and long-term investors.
DeFi Lenders Approach $60B in Assets Amid Growth
A report reveals that the total value locked in DeFi lending protocols is nearing $60 billion, driven by institutional participation and the integration of DeFi into user-facing applications.
Onyxcoin Sees 11% Price Drop: Causes Explained
Onyxcoin's price dropped 10.98% from $0.01421 to $0.01319, likely due to broader market weakness and technical factors, though it has since partially recovered to $0.01339.
New York Officials Bust Crypto Scam Targeting Russians
New York authorities have disrupted a cryptocurrency scam aimed at the Russian community, recovering $140,000 and freezing $300,000 in stolen assets. The investigation revealed scammers used fake investment ads on social media to deceive victims, resulting in over $1 million in losses.
XRP Falls 5% Amidst Heavy Selling Pressure
XRP experienced a 4.5% decline in 24 hours, dropping from $2.254 to $2.164 due to increased sell pressure and macroeconomic uncertainties.
Concerns Raised Over South Korean Won Stablecoin
South Korean Central Bank Governor Rhee Chang-yong expressed reservations about a won-backed stablecoin, citing potential complications in foreign exchange management and the need for central bank regulation.
SUI Experiences Volatility; Trading Volume Increases
SUI faced a volatile trading day, fluctuating 7.3% between $2.71 and $2.92, ultimately closing at $2.78. Trading volume surged 11% above the 30-day average, indicating strong market participation during this reversal.
DOJ Moves to Seize $225M from Crypto Scams
The U.S. Department of Justice has initiated action to forfeit over $225 million in cryptocurrency linked to extensive pig butchering scams, primarily involving Tether (USDT).
Ethereum's Institutional Capital Surge Cannot Be Overlooked
Ethereum has seen significant institutional capital inflows, including a $425 million allocation from SharpLink Gaming, yet trader confidence remains low as ETH struggles to break out of consolidation.
Crypto Funding Rates Indicate Bearish Market Sentiment
Funding rates on major exchanges reveal a neutral to slightly bearish sentiment in the market, with many cryptocurrencies showing rates below the bullish threshold of 0.01%.
U.S. Jobless Claims Data to Release Tonight
The U.S. Department of Labor will publish initial jobless claims for the week ending June 14 at 16:30 UTC+4, a key indicator of labor market health that can influence market volatility.
Fixing the Flaws in the GENIUS Bill
The Senate's GENIUS Act aims to regulate stablecoins, but faces criticism for potential inefficiencies and redundancy. Experts advocate for the Federal Reserve as the sole regulator to streamline oversight.
Coinbase Launches USDC Payment Solution on Shopify
Coinbase has introduced a new stablecoin payment infrastructure that enables Shopify merchants to accept USDC transactions seamlessly, enhancing the integration of traditional commerce with blockchain technology.
Bitcoin Tests 50-Day Support; XRP Faces Bearish Risks
Bitcoin's price has revisited its 50-day simple moving average, which has historically provided support. A failure to maintain this level could trigger a drop below $100,000, while XRP is showing signs of a potential bearish shift.
Ethereum (ETH) Hits 2,500 USDT with Minor Dip
As of June 18, 2025, Ethereum has surpassed the 2,500 USDT mark, currently trading at 2,506.92 USDT, reflecting a slight 0.33% decrease over the past 24 hours.
Powell: Labor Market Cooling Not a Concern
Federal Reserve Chair Jerome Powell stated that the gradual cooling of the labor market is not alarming, citing strong participation and healthy wage growth as positive indicators.
BNB Chain Launches Access-Fi for Web3 Monetization
BNB Chain has unveiled Access-Fi, a new social finance initiative designed to monetize Web3 content, enhancing interactions among creators, KOLs, and fans through projects like Reach Me and Pieverse.
U.S. Jobless Claims Hold Steady Mid-June
Initial unemployment claims in the U.S. for the week ending June 14 remained at 245,000, aligning with expectations, while continuing claims slightly exceeded forecasts at 1.945 million.
UNI Surges 70% Since April Lows, Up 24% Monthly
UNI has increased by 1.56% in the last 24 hours, currently trading at $7.4671 after a 70% rise from its April low of $4.551, marking seven weekly gains in eight weeks.
Bitcoin (BTC) Falls Below 104,000 USDT
As of June 18, 2025, Bitcoin has dipped below 104,000 USDT, currently trading at 103,951.51 USDT, reflecting a 1.43% decline over the past 24 hours.
Lion Group Holding Unveils $600M HYPE Treasury Plan
Lion Group Holding Ltd announces a $600 million initiative to establish a treasury strategy focused on Hyperliquid (HYPE), following a similar $50 million commitment from Eyenovia.
Powell Addresses Tariff Effects on Economy
Federal Reserve Chair Jerome Powell indicated that the effects of tariffs will vary based on their levels, warning that recent tariff hikes could pressure economic activity and fuel inflation.
BNB Falls Below 640 USDT Amid Market Decline
As of June 18, 2025, BNB has dipped below 640 USDT, currently trading at 639.53 USDT, reflecting a 2.23% decrease over the last 24 hours.
BlackRock's $2.9B Fund Accepted as Collateral on Crypto Platforms
The BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is now accepted as collateral on Crypto.com and Deribit, allowing institutional traders to leverage their positions while earning yield on the underlying assets.
Justin Sun and Trump: A Billion-Dollar Crypto Alliance
Tron's reverse merger with SRM Entertainment, valued at $210 million, highlights Justin Sun's strategy and the influence of Donald Trump's network on market perception.
Ethereum Holds Steady at $2.5K Amid Market Volatility
Ethereum remains resilient at the $2,500 support level, showing a consolidation pattern as traders anticipate a potential 'golden cross' on the charts.
Fed Maintains Rates, Predicts Slower Growth and Inflation
Bitcoin's price remains stable as the U.S. Federal Reserve holds interest rates steady at 4.25%-4.50%, revising growth and inflation forecasts downward.
Fed Officials Split on 2025 Rate Cuts
The Federal Reserve's dot plot shows a divide among officials on interest rate cuts for 2025, with seven opposing cuts, while others propose reductions ranging from 25 to 75 basis points.
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Economic Times
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