Weekly Market Report. June 20, 2025

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June 20, 2025

Greetings, curious minds! Join us on a journey into the cutting-edge. This newsletter unveils the latest trends shaping our world.

Let’s explore together! 🌐🚀

🔥 Top Reads

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TikTok denies TRUMP memecoin buys in reply to congressman’s accusations 😲

Bitcoin hater Brad Sherman accused US President Donald Trump of accepting a $300 million bribe from TikTok, but TikTok denied it has anything to do with it.

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Bitcoin price ‘trending back’ but new highs before July unlikely: Analysis 🤔

Bitcoin’s open interest divergence and a cleansing of latecomer longs could set BTC price on track toward fresh all-time highs.

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Bitcoin grabs $106K liquidity as whale longs BTC with $255M 🧐

Bitcoin sees a giant leveraged long liquidate late shorts, but is it enough to spark the BTC price range exit that traders have wanted?

📈 Market Data

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🚨 Important News This Week

icon ai

AI

  • Apple eyes generative AI to speed up custom chip design: Report

  • OpenAI cuts ties with Scale AI amid data labeler’s new Meta deal — Report

  • OpenAI to blockchain: Joey Bertschler builds crypto wage access platform

icon tech

Tech

  • Bitcoin mining difficulty falls slightly from recent all-time high

  • Musk’s X plans payments, investment features rollout for 2025 — Report

  • Can you mine Bitcoin with a gaming PC? Here’s what you need to know

icon business

Business

  • Bitcoin production costs up 9% on higher hashrate, energy prices

  • Bitcoin to Ether shift going unnoticed with ‘bear market PTSD’ — Trader
  • Bitcoiners split on $94K or $114K for BTC’s next move as it trades sideways

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Crypto

  • Crypto‘s true revolution is about humanity, not technology
  • Crypto VC partner loses ‘life savings’ during fake Zoom call
  • Bitcoin holds $105K as HYPE, AAVE, BCH, OKB aim to lead altcoins higher

🚨 Notable Companies Secure Impressive Investments

  • Eigen Labs launches EigenCloud fueled by $70M from a16z
  • Flowdesk raises $102M in new funding round
  • FastLane raises $6M in a Strategic funding round
  • Binance Labs-backed Infrared raises $14M in a Series A funding round
  • Across Protocol [ACX] raises $41M in a Token sale round
  • Early Solana backer raises $600M for its 11th fund
  • Seismic raises $7M in a Seed funding round led by a16z Crypto
  • Validation Cloud raises $15M in a Series A funding round led by True Global Ventures
  • August raises $10M in a Series A funding round led by Dragonfly

🔥 Top Blockchain & Crypto News of the Week

🚀 From market crashes to institutional power moves, here are the top headlines shaping the crypto world right now.

1️⃣ Vietnam has officially adopted the “Digital Technology Law”, which will legalize digital assets nationwide.

  • The U.S. Secret Service has seized and deleted the website of sanctioned Russian exchange Garantex, citing illicit financial activity. Tether froze ₽2.5B in USDT, forcing the exchange to suspend operations. Authorities also blocked wallets linked to the darknet marketplace Nemesis. Read more…

2️⃣ $7M Lost from Compromised Cold Wallet

  • On-chain data from IntoTheBlock suggests Bitcoin is near its bottom, with network activity rising to 912,300 active addresses—levels last seen when BTC was at $105K. Analysts remain cautiously optimistic, awaiting confirmation from technical indicators. Read more…

3️⃣ Mexican Billionaire Predicts Bitcoin to Surpass Gold

  • Ricardo Salinas, one of Mexico’s richest men, believes Bitcoin’s market cap will overtake gold in the coming years; Bitcoin could reach at least $800,000. Read more…

4️⃣ Florida Passes 0% Capital Gains Tax on Crypto

  • In a groundbreaking move, Florida becomes the first U.S. state to eliminate state-level capital gains tax on crypto and stock investments — including assets like Bitcoin and XRP. Read more…

💡 Want more in-depth analysis? Stay ahead of the curve—subscribe for the latest blockchain, DeFi, and Web3 news here! 🚀

💡 Interview With Ronald G. Wayne

The Collapse Countdown: Ronald G. Wayne on Money’s Future | Ep. #93

🤣 Meme of the Week

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🫰Love What You Read?

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If you have any questions, please contact me directly in my email.

Sincerely,

Constantin Kogan

[email protected]