🌅 Solana Rebounds, Ethereum Soars, and AI Energy Use Sparks Debate
⚡ CryptoTrendz - 📌 Hottest Topics in the Last Few Hours!:
Michael Saylor’s firm plans IPO with 2.5M STRD shares, fueling a $250M Bitcoin push. FalconX takes control of Monarq; Robinhood wraps $200M Bitstamp deal. ETH draws $321M in flows, Bitcoin ETFs see $5.86B in May, despite rising sell pressure. ✨Here’s a quick glance:
🔖 Market Trends:
🔹Michael Saylor’s Strategy launches an IPO for 2,500,000 STRD shares, aiming to boost BTC acquisitions with $250M STRD stock (Source).
🔹Bitcoin sees ETF inflows of $5.86B in May (Source).
🔹Binance’s taker buy/sell ratio falls below 1.0 as selling rises (Source).
🔹Long-term BTC holders exit while retail buyers rush in (Source).
🔖 Altcoin Updates:
🔹Hyperliquid (HYPE) is predicted to surge past $45, echoing SUI’s rally (Source).
🔹XRP payments drop 45% amid market correction (Source).
🔹Wave analysis shows a trigger point for XRP’s price take-off (Source).
🔹Solana, Dogecoin, and XRP are all trading lower this week (Source).
🔖 Institutional Moves:
🔹Institutions pour $321M into Ethereum products, marking six weeks of inflows (Source).
🔹Robinhood completes a $200M acquisition of Bitstamp (Source).
🔹FalconX secures a majority stake in Monarq (Source).
🔹$650M is bridged to Solana in May, with Ethereum contributing $400M (Source).
🔖 Regulation & Policy:
🔹Australia introduces new crypto ATM rules as scams rise (Source).
🔹US Senator Ron Johnson warns that ending the ‘gravy train’ of spending could drive more Americans into poverty (Source).
🔹The Ethereum Foundation lays off staff and rebrands its core team (Source).
🔹ETH just lost ground, while XRP and SHIB brace for crucial battles (Source).
🔖 Tech & AI Insights:
🔹A study warns AI power consumption will surpass Bitcoin by year’s end (Source).
🔹Solana is down 13%, but a key indicator has turned bullish (Source).
🔹SOL Strategies reports a Q2 net loss of $3.5M as staking revenue grows (Source).
🔹Discover how to trick ChatGPT and earn $50,000 (Source).