Month: June 2025

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Top crypto analyst forecasts a major Bitcoin breakout to $144,000 as a classic bull flag pattern emerges, here’s what it means for BTC’s next move.

Bitcoin (BTC) is stabilizing above the $107,000 mark after posting a solid 4.89% gain over the past week. Although monthly growth remains modest at just over 1%, a top crypto analyst has now spotted signs of a much larger rally forming, one that could push the leading cryptocurrency to $144,000.

Classic Bull Flag Structure Forms On Bitcoin’s Chart, Analyst Targets 34% Upside

According to a recent X post by crypto analyst Merlijn The Trader, Bitcoin’s daily chart is displaying a textbook bull flag pattern. The setup began with BTC’s vertical rally from around $74,000 to $110,000 in April and May, creating the flagpole. Since then, BTC has cooled off into a descending consolidation channel, forming the flag.

Now, the price has nudged above the upper resistance of this channel, indicating a potential breakout in progress. Using standard measured-move analysis, Merlijn forecasts a price target of approximately $144,000, representing a possible 34% increase from current levels.

Momentum Indicators Support Bullish Bias

Adding weight to the bullish narrative is the MACD (Moving Average Convergence Divergence), which has just triggered a bullish crossover, its first in several weeks. The MACD line crossing above the signal line typically suggests strengthening momentum and often precedes trend continuation.

Key Technical Levels:

• Breakout confirmation: Daily close above $109,000

• Support: 50-day EMA near $107,347

• Trade Range: $106,450 – $108,980

• Target zone: $144,000 if breakout holds

Futures data indicate that traders are once again taking strong long positions, with open interest at levels not seen since before the 2021 bull market. Analyst sentiment has shifted from cautious to optimistic as price action aligns with key technical indicators.

Despite the growing enthusiasm, analysts stress the importance of confirmation. A sustained close above $109,000 is critical to validate the bull flag pattern. Until then, Bitcoin could remain range-bound or even retreat toward support levels near $104,687 or lower.

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Metaplanet Now Holds 13,350 BTC, Surpassing Galaxy Digital and CleanSpark

Japanese investment firm Metaplanet has added 1,005 more Bitcoin (BTC) to its growing treasury, pushing its total holdings to 13,350 BTC. With this move, the Tokyo-listed company has become the fifth-largest corporate Bitcoin whale, surpassing prominent entities like Galaxy Digital and CleanSpark.

Metaplanet’s Aggressive Accumulation Strategy Pays Off

This latest purchase marks a significant milestone in Metaplanet’s aggressive BTC acquisition campaign. Just three months ago, the firm held only 3,350 BTC. Since then, it has added a remarkable 10,000 BTC, showcasing a relentless accumulation pace unmatched by many in the space.

Metaplanet has now overtaken:

• Galaxy Digital, which holds 12,830 BTC

• CleanSpark, with 12,502 BTC

These rankings firmly place Metaplanet among the elite class of corporate BTC whales, outpacing even Tesla’s current holdings.

The acquisition is aligned with Metaplanet’s long-term strategy, which treats Bitcoin not just as a treasury reserve asset but as a fundamental hedge against fiat currency devaluation and inflation.

The company recently unveiled its ambitious “555 Million Plan”, a roadmap to raise over $5.4 billion to purchase up to 210,000 BTC, roughly 1% of Bitcoin’s entire supply, by 2027. As part of this plan, Metaplanet issued ¥30 billion (approximately $208 million) in zero-coupon bonds this week to fund further BTC acquisitions and refinance older debt.

Stock Reacts Positively With a 10% Increase

Investor confidence in Metaplanet’s Bitcoin-heavy approach remains strong. Following the announcement of the new 1,005 BTC purchase, the company’s stock surged more than 10%, closing at ¥1,633. The stock is now up 370% year-to-date, with trading volumes spiking significantly on Wall Street under its U.S. listing (MTPLF).

“Just three months ago, we celebrated crossing 3,350 BTC at our shareholder meeting,” said CEO Simon Gerovich. “Today, we’ve hit 13,350. Our commitment to Bitcoin is long-term, strategic, and unwavering.”

Meanwhile, Bitcoin itself rose slightly by 1% following the announcement, briefly trading above $108,000 before slipping slightly. Market watchers note that Metaplanet’s aggressive moves are helping normalize BTC exposure in corporate treasuries, potentially inspiring other firms to follow suit.

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Invesco has officially filed for a Solana ETF, intensifying calls for SEC approval as institutional interest in SOL continues to grow.

Global asset management firm Invesco has become the latest heavyweight to enter the Solana ETF race, filing a proposal with the U.S. Securities and Exchange Commission (SEC) to launch a spot exchange-traded fund that directly tracks the price of Solana (SOL). The move, announced via a June 26 filing, adds fresh urgency to the regulatory agency’s ongoing review of altcoin-based ETFs.

The proposed product, named the Invesco Galaxy Solana ETF, would trade under the ticker QSOL on the Cboe BZX Exchange, with Coinbase Custody safeguarding the SOL assets and Bank of New York Mellon acting as the fund’s administrator. In addition to holding SOL directly, the fund could stake a portion of its holdings to generate token rewards, which would be treated as trust income.

The filing arrives as Invesco becomes the ninth issuer to seek SEC approval for a Solana ETF, joining firms like VanEck, Grayscale, Bitwise, Fidelity, and Franklin Templeton, signaling rising confidence in Solana’s role in institutional portfolios.

While the SEC has so far only approved spot ETFs for Bitcoin and Ethereum, Bloomberg ETF analysts James Seyffart and Eric Balchunas believe there is a 90%+ probability that the commission will greenlight a Solana ETF by Q3 or Q4 of 2025, with a decision on the horizon as early as July.

Solana’s Momentum on CME Points to ETF Launch Around the Corner

The momentum behind Solana ETF filings reflects a surge in institutional interest in the network, which is currently the sixth-largest cryptocurrency by market capitalization. A recent uptick in Solana futures activity on CME, with open interest topping $146 million, further underscores growing institutional exposure.

Market commentator Cas Abbe stated that approval expectations have yet to be fully factored into the market’s pricing.  According to the analyst, renewed buying activity is a positive signal, reinforcing confidence in SOL’s short-term outlook. With anticipation mounting, the analyst predicts a strong rally could unfold as early as next month.

As the SEC collects updated filings and public feedback from issuers, the stage is set for a pivotal few months that could broaden the landscape of regulated crypto investment products.

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Ondo Finance brings tokenized U.S. Treasuries to the XRP Ledger (XRPL), opening the door to faster, more accessible real-world asset trading on a decentralized network.

Ondo Finance has officially launched its tokenized U.S. Treasury product, OUSG, on the XRP Ledger (XRPL). The integration opens the door for institutional investors to access U.S. Treasuries directly on-chain using Ripple’s stablecoin, RLUSD, as the settlement asset.

The deployment marks the fulfillment of a January 2025 announcement, in which Ondo pledged to bring OUSG to the XRPL within six months. With the token now live, the platform enables round-the-clock minting and redemption for qualified buyers, bypassing the constraints of traditional banking hours.

Ondo Finance and XRPL Pave the Way for the Future of Tokenized Treasuries

With over $1.3 billion in total value locked (TVL), Ondo Finance is a leader in real-world asset tokenization. Its flagship OUSG fund accounts for nearly $700 million, ranking just behind BlackRock’s BUIDL and Franklin Templeton’s BENJI in the growing market for tokenized Treasuries.

Ripple confirmed the collaboration on its official X account, highlighting the XRPL’s purpose-built infrastructure. The ledger’s support for native tokenization, decentralized exchange (DEX) functionality, and enterprise-grade features, such as Decentralized Identifiers (DIDs), makes it a strategic fit for regulated financial products.

“This is a major step forward in enabling programmable, compliant, and efficient access to yield-bearing assets,” said Ian De Bode, Chief Strategy Officer at Ondo Finance.

Tokenized Treasuries Boom as Market Hits $7 Billion

The move also arrives as the broader tokenized Treasury market surpasses $7 billion in total value locked (TVL), driven by rising demand for blockchain-native cash management solutions. 

Analysts at Boston Consulting Group estimate the overall tokenization market could reach $19 trillion by 2033, with Treasuries serving as a low-risk entry point for institutions transitioning to on-chain finance.

By eliminating settlement delays and legacy infrastructure hurdles, the OUSG integration provides institutional investors with a flexible, capital-efficient way to deploy idle cash. RLUSD acts as a bridge between DeFi and TradFi, enabling seamless transitions between tokenized Treasuries and other digital assets.

Meanwhile, XRP Ledger’s momentum continues to build. Following its recent partnership with Guggenheim for digital commercial paper and Dubai’s tokenized real estate initiative, XRPL is carving out a leadership role in the asset tokenization ecosystem. Yet, despite these advancements, XRP itself has struggled to reflect the network’s growth, trading at $2.28, down 0.3% at the time of writing.

Commenting on this, pro-crypto attorney Bill Morgan noted, “XRP is seeing a wave of positive developments, but the price action remains frustratingly flat.”

Still, the Ondo Finance partnership reinforces XRPL’s appeal as a compliant, high-performance chain for institutional-grade digital finance. As tokenization trends accelerate, the successful onboarding of OUSG may prove to be a key inflection point for both Ondo and the XRP Ledger.

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Bitwise and ProShares are pushing to launch the first-ever ETFs tied to Circle stock (CRCL), including a 2x leveraged fund and a covered call income strategy.

Asset managers Bitwise and ProShares have filed applications to launch single-stock exchange-traded funds (ETFs) tied to the performance of Circle’s publicly traded stock (CRCL). The filings represent the first ETF products of their kind to track a company deeply embedded in the digital asset ecosystem.

ETF Proposals: Leveraged Gains and Income Strategies

ProShares has proposed the Ultra CRCL ETF, a leveraged product designed to deliver 2x the daily returns of Circle’s share price. This type of ETF is designed for short-term trading and requires daily rebalancing, as holding periods that are too long can lead to performance that diverges from the intended target.

Meanwhile, Bitwise is rolling out a more income-focused strategy with its CRCL Income ETF, which will use a covered call approach. This fund seeks to generate returns by selling call options on CRCL while holding the underlying stock, which is ideal for investors prioritizing yield over aggressive growth.

Both filings await approval from the U.S. Securities and Exchange Commission (SEC) and are expected to go live on August 20, 2025, if greenlit.

Circle Stock Surges In Light of ETF Filings

Following news of the ETF filings, Circle’s stock surged by 17%, closing at $126.24. The stock had previously entered a period of consolidation after its initial public offering (IPO), but has now regained upward momentum, drawing renewed interest from both retail and institutional investors.

Much of this institutional enthusiasm is underscored by Ark Invest’s hefty $373 million allocation to Circle shares. The IPO marked a significant milestone for the fintech company, and the ETF filings are seen as a natural next step in boosting market participation and investor access.

Two new exchange-traded funds (ETFs) aim to bring stocks related to crypto into the main ETF market. These funds focus on traditional stocks, but Circle, known for its USDC stablecoin, highlights the growing connection between digital finance and traditional asset management.

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Apple, X, and Airbnb are exploring stablecoin payments to reduce fees, signaling a shift toward on-chain settlements that could transform digital transactions.

Many tech companies in Silicon Valley, including Apple, X (formerly Twitter), Airbnb, and Google, are exploring the use of stablecoins in their payment systems. This initiative aims to facilitate faster, cheaper, and more efficient payments, particularly for cross-border transactions.

A report from Fortune states that these companies are in early talks with cryptocurrency firms and payment processors, such as Stripe and Worldpay. They aim to explore how stablecoins can be integrated into their existing payment systems.

Behind the Shift: Cost, Efficiency, and Policy Tailwinds

Companies like Airbnb and X are interested in lowering credit card processing fees and improving their treasury operations. Airbnb has talked about using stablecoin for payments with Worldpay, while X is exploring the possibility of adding stablecoin features to its payments service, X Money, through a partnership with Stripe.

Google Cloud is also testing stablecoin use with PayPal’s PYUSD for some business clients. This means that payments will be made in stablecoins, even though the invoicing and accounting systems will remain unchanged.

Rich Widmann, who leads Web3 strategy at Google Cloud, stated, “This may be the most significant advancement in payments since SWIFT,” highlighting the potential impact of this change.

From Skeptical Beginnings to a Thriving, Serious Interest

Tech companies are becoming increasingly open to stablecoin technology following the Trump administration’s shift in approach to cryptocurrencies. The administration has called for less strict rules on digital assets. A key moment was Stripe’s purchase of the stablecoin startup Bridge earlier this year, which grabbed the industry’s attention.

Meta and Uber are also showing new interest. Meta is trying to restart its digital currency plans after putting them on hold. Meanwhile, Uber’s CEO, Dara Khosrowshahi, recently said the company is looking into using stablecoins for international payments.

A Parallel Push: Private Innovation vs Public CBDCs

The push for stablecoins is occurring simultaneously with governments worldwide developing Central Bank Digital Currencies (CBDCs). Experts believe that competition between private and public digital currencies could alter the way global payments are made in the future.

As on-chain assets become more popular, tech companies are attempting to lead a payments revolution that could finally reveal the true benefits of blockchain technology.

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