20 Jun 2025 | 02:05:11 AM IST
Cryptocurrency News & Live Updates
Synopsis
Despite rising geopolitical tensions, Bitcoin's price has remained stable, with NoOnes CEO Ray Youssef suggesting it now behaves more like a tech stock than a hedge asset.
Recent developments in the cryptocurrency market reveal a complex landscape. Bitcoin's price has remained around $105,000 despite escalating tensions in the Middle East, with CEO Ray Youssef of NoOnes noting that Bitcoin is increasingly acting like a tech stock rather than a hedge asset. Meanwhile, Sei Network's token surged over 13% after being selected as a candidate blockchain for Wyoming's upcoming WYST stablecoin, highlighting growing institutional interest in stablecoins. Ethereum is also gaining traction, with strategic reserves reaching 1% of its total supply, driven by corporate adoption. Notably, major holders like the Ethereum Foundation and SharpLink are leading this trend. On the other hand, Hedera Hashgraph's HBAR token has faced challenges, dropping significantly and forming a death cross pattern, despite the launch of AUDD, the first Australian dollar stablecoin on its network. This juxtaposition of stability in Bitcoin and Ethereum against the backdrop of HBAR's struggles illustrates the diverse dynamics at play in the cryptocurrency market.
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Bitcoin Remains Stable Amid Middle East Tensions
Despite rising geopolitical tensions, Bitcoin's price has remained stable, with NoOnes CEO Ray Youssef suggesting it now behaves more like a tech stock than a hedge asset.
Wyoming Chooses Sei Network for WYST Stablecoin
Sei's price surged over 13% after Wyoming's Stable Token Commission selected it as a candidate blockchain for the upcoming WYST stablecoin.
Ethereum Reserves Reach 1% Amid Corporate Growth
Institutional Ethereum reserves have surpassed 1% of total supply, led by major holders like the Ethereum Foundation and SharpLink, as corporate interest in ETH rises.
OpenAI Cuts Ties with Scale AI After Meta Deal
OpenAI is reducing its contracts with Scale AI following Meta's acquisition of the data labeling startup, which will now focus on more specialized data sources for its AI models.
HBAR Faces Decline as Key Metric Plummets
Hedera Hashgraph's HBAR token has dropped to $0.1450, marking a significant decline amid an 82% fall in stablecoin supply on the network, despite the launch of AUDD, the first Australian dollar stablecoin.
Momentum, Wormhole & OKX Enhance Sui Network Liquidity
Momentum partners with Wormhole and OKX Wallet to enhance cross-chain liquidity on the Sui network, enabling seamless asset transfers and attracting billions in liquidity.
Visa Partners with Yellow Card to Boost Stablecoin Use in Africa
Visa is collaborating with Yellow Card Financial to implement stablecoin settlements in 20 African markets, starting with a pilot program, aiming to enhance transaction speed and reduce costs amid local currency volatility.
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