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22 Jun 2025 | 04:00:13 PM IST
Cryptocurrency News & Live Updates
Synopsis
Texas Governor Greg Abbott has signed Senate Bill 21, establishing a state-managed Bitcoin reserve to enhance financial resilience and serve as a hedge against inflation, with only Bitcoin qualifying for inclusion.
In a significant move, Texas has officially established a Strategic Bitcoin Reserve through Senate Bill 21, signed by Governor Greg Abbott. This fund aims to bolster the state’s financial stability and protect against inflation, with Bitcoin being the sole asset eligible for inclusion. The Texas Comptroller will oversee the reserve, which will also accept airdrops and donations. Meanwhile, Binance is launching the Bulla Trading Competition on its Alpha platform, allowing users to earn rewards by trading BULLA tokens. The competition runs from June 22 to July 6, 2025, with participants ranked by their purchase volume. In market news, BNB has seen a slight decline, dropping to 629.81 USDT, reflecting a 1.61% decrease in the last 24 hours. Additionally, the Altcoin Season Index has fallen to 15, indicating a shift in market dynamics, with fewer altcoins outperforming Bitcoin. Lastly, Binance is set to list the Humanity Protocol (H) and its perpetual contracts on June 25, 2025, further expanding its offerings in the crypto space.
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Texas Creates Bitcoin Reserve with New Legislation
Texas Governor Greg Abbott has signed Senate Bill 21, establishing a state-managed Bitcoin reserve to enhance financial resilience and serve as a hedge against inflation, with only Bitcoin qualifying for inclusion.
Binance Unveils Bulla Trading Contest on Alpha
Binance announces the Bulla Trading Competition on Binance Alpha, running from June 22 to July 6, 2025, where participants can earn BULLA tokens based on their trading volume.
BNB Falls Below 630 USDT Amid Market Decline
As of June 22, 2025, BNB has dipped below 630 USDT, currently trading at 629.81 USDT, reflecting a 1.61% decrease over the past 24 hours.
Altcoin Season Index Declines in Performance
The Altcoin Season Index has dropped to 15, down from a peak of 30 on June 11, indicating that only 15 of the top 100 cryptocurrencies have outperformed Bitcoin over the last 90 days.
Binance to Introduce Humanity Protocol and HUSDT Contracts
Binance will list Humanity Protocol (H) on Binance Alpha starting June 25, 2025, and launch HUSDT perpetual contracts on Binance Futures with up to 50x leverage. Users can claim an exclusive airdrop by redeeming Binance Alpha Points during the event.
Binance Market Overview for June 22, 2025
The global cryptocurrency market cap is $3.21T, down 2.14% in the last day. Bitcoin (BTC) is trading at $102,345, a decrease of 1.35%. Notable gainers include GNS, BANANAS31, and DATA, with increases of 44%, 30%, and 19%, respectively.
New Stablecoin Legislation Sparks Innovation in Hong Kong
Legislative Council member Ng Kit Chuang is optimistic about stablecoin growth in Hong Kong after a new licensing bill was passed, urging retail investors to remain cautious about risks.
Wynn Forecasts Bitcoin Price Amid Global Unrest
James Wynn predicts Bitcoin’s short-term price target to be between $93,000 and $95,000, but warns that escalating geopolitical tensions could further depress its value.
Metaplanet CEO Highlights Bitcoin as a Safe Haven
Simon Gerovich, CEO of Metaplanet, recently emphasized Bitcoin’s strength as a safe haven during turbulent times, noting its resilience and global appeal.
ADA Faces Decline Amid Middle East Tensions
ADA experienced a 6.45% drop, hitting $0.5464, despite significant long-term interest and a new legal data storage initiative involving Ford and Cardano.
Alternative ZK Solutions Essential for Ethereum’s Future
Ethereum faces a critical challenge as the demand for zero-knowledge proofs (ZKPs) is projected to surge, necessitating alternative verification methods to avoid overwhelming the main chain.
Bitcoin’s Price Target Amid Global Unrest
James Wynn predicts Bitcoin’s short-term price target to be between $93,000 and $95,000, cautioning that geopolitical tensions could further impact its value.
Metaplanet CEO Highlights Bitcoin as Safe Haven
Simon Gerovich, CEO of Metaplanet, recently emphasized Bitcoin’s resilience and its role as a safe haven during uncertain times, highlighting its durability and unstoppable momentum.
Dogecoin Recovers After 8% Drop, Bullish Signs Emerge
Dogecoin has rebounded from a sharp decline, stabilizing around $0.157 after finding support at $0.151, indicating potential bullish momentum.
XRP Recovers and Forms Bullish Ascending Channel
XRP has bounced back from a 6% drop, stabilizing above $2.04 and creating a bullish ascending channel as traders eye the $2.09 resistance level amidst global economic uncertainties.
Bitcoin Surges Past $102K Amid War Concerns
Bitcoin (BTC) rebounded above $102,800 after a brief drop to $100,962, driven by increased buying pressure and a warning from hedge fund manager James Lavish about selling due to geopolitical fears.
Florida Investor Claims $860K Fraud by Trading School
A Florida investor has filed a lawsuit alleging he lost $860,000 to a Denver trading school and a fake crypto exchange, claiming fraudulent practices and misrepresentation.
Crypto Long Positions Liquidated for $595M Amid U.S. Strikes
U.S. airstrikes on Iran’s nuclear facilities resulted in $595 million in liquidated crypto long positions, affecting over 172,000 traders, with Ether and Bitcoin suffering the most significant losses.
Hong Kong’s Registered Funds and Web3 Growth Surge
Hong Kong’s financial sector has seen remarkable growth, with registered funds reaching 976 and a net capital inflow of over $44 billion, a 285% year-on-year increase. Major tech hubs are fostering Web3 development, attracting investors despite a weak property market.
ETH Plummets 8% Before Quick Recovery
Ethereum (ETH) fell 7.56% to $2,224 in a flash crash but quickly rebounded to $2,292 as buyers stepped in, with trading volume surging nearly fivefold.
Ethereum Staking Hits All-Time High of 35 Million ETH
Recent data indicates that over 35 million ETH is now staked, representing 28.3% of the total ETH supply.
Analyst Highlights Key MVRV Price Levels
On-chain analyst Murphy notes that the MVRV extreme deviation pricing range has established a crucial support level at $102,000, which could influence short-term price movements for Bitcoin.
Iran’s Strait of Hormuz Closure Probability Hits 52%
Following U.S. airstrikes on Iran’s nuclear facilities, the likelihood of Iran blocking the Strait of Hormuz has surged, with a 52% chance by year-end and a potential oil price spike to $120-$130 per barrel.
Cryptocurrency Market Experiences Major Fund Movements
Recent data indicates significant inflows into cryptocurrencies, led by USDT at $12.43 million, while Bitcoin and Ethereum faced substantial outflows of $227 million and $151 million, respectively.
France Embraces Bitcoin Adoption Initiatives
Samson Mow, founder of Jan3, is working to boost Bitcoin adoption in France following a productive meeting with lawmaker Sarah Knafo, focusing on a Strategic Bitcoin Reserve and favorable regulations.
El Salvador Boosts Bitcoin Reserves by Eight Coins
El Salvador has added eight Bitcoin coins to its holdings this past week, bringing its total reserves to 6,215.18 coins, valued at around $635.7 million.
Bitcoin Could Hit $21 Million in 21 Years
Michael Saylor recently predicted on the X platform that Bitcoin’s value may reach $21 million in the next 21 years.
Trader Maintains Large Short Position in Ethereum
A trader known by the address 0xcB92 has a short position of 40,000 ETH, worth around $90.3 million, yielding unrealized profits exceeding $21.45 million.
El Salvador Boosts Bitcoin Reserves by Eight Coins
El Salvador has added eight Bitcoin coins to its reserves, bringing the total to 6,215.18 coins, valued at around $635.7 million.
Trump Aims for Diplomacy After Military Action
U.S. President Donald Trump is optimistic that a recent military strike will pave the way for new diplomatic efforts, with no further military actions planned at this time.
Solana’s Bearish Trend Amid Strong Onchain Signals
Solana (SOL) is facing a bearish trend, with projections suggesting a potential drop to $120. A head-and-shoulders pattern indicates further declines unless SOL closes above $157.
Bitcoin Could Hit $21 Million in 21 Years
Michael Saylor recently predicted on the X platform that Bitcoin’s value may reach $21 million over the next two decades.
ARK Invest Boosts Circle Share Sales
ARK Invest has ramped up its sale of Circle shares, with three funds selling 609,175 shares worth $146.2 million on Friday, following a total sale of 1.25 million shares for about $243 million over the past week.
Bitcoin Whale Gains from Short Trades
A prominent Bitcoin investor has reportedly made $14.96 million in profits from four short positions, currently holding a Bitcoin stake worth $103 million.
Thailand Greenlights Three Virtual Banks for Innovation
Thailand has approved three consortia to launch virtual banks, aiming to enhance financial innovation and access for underserved markets, as recommended by the Bank of Thailand.
Bitcoin Trader Suffers Major Losses in Market Decline
On-chain analyst Yu Jin reports that trader AguilaTrades is facing significant losses of $13.68 million from his third unsuccessful long position on Bitcoin, adding to total losses of $29.1 million from three attempts.
Bitcoin Exceeds 103,000 USDT with Daily Gain
Foresight News reports that Bitcoin has surpassed 103,000 USDT, currently trading at 103,003.00 USDT, reflecting a daily increase of 0.88%.
Bitcoin (BTC) Falls Below 101,000 USDT
As of June 21, 2025, Bitcoin has dipped below 101,000 USDT, currently trading at 100,987.28 USDT, reflecting a 2.26% decline over the past 24 hours.
NFT Market Sees Major Weekly Trading Volume Drop
The NFT market has witnessed an 18.43% decline in trading volume, totaling $116.9 million, while the number of buyers remains stable at over 1 million.
U.S. Military Targets Iranian Nuclear Sites
President Donald Trump confirmed that U.S. military forces have executed strikes on three Iranian nuclear facilities, focusing primarily on the Fordow site.
Bitcoin (BTC) Dips Below 101,000 USDT
As of June 21, 2025, Bitcoin has fallen below 101,000 USDT, currently trading at 100,987.28 USDT, reflecting a 2.26% decrease over the past 24 hours.
Bitcoin Dips Below 102,000 USDT
Bitcoin’s price has fallen to 101,897.70 USDT, reflecting a daily decline of 1.34%.
Ethereum(ETH) Falls Below 2,300 USDT
As of June 21, 2025, Ethereum’s price has dipped below 2,300 USDT, currently trading at 2,269.88 USDT, reflecting a 6.16% decrease in the last 24 hours.
Bitcoin (BTC) Falls Below 102,000 USDT
As of June 21, 2025, Bitcoin has dipped below 102,000 USDT, currently trading at 101,558.90 USDT, reflecting a 1.78% decline over the last 24 hours.
BNB Falls Below 630 USDT Amid Market Decline
As of June 21, 2025, BNB is trading at 627.07 USDT, reflecting a 2.48% decrease over the past 24 hours, according to Binance Market Data.
HASHJ Cloud Mining Expands Support for Major Cryptos
HASHJ has launched an upgraded AI-driven cloud mining platform, allowing users to earn passive income in cryptocurrencies like BTC, ETH, DOGE, and more, all via smartphone.
Bitcoin (BTC) Falls Below 103,000 USDT
As of June 21, 2025, Bitcoin has dipped below 103,000 USDT, trading at 102,999.9375 USDT, marking a 0.30% decrease over the past 24 hours.
Ripple Lawyer Rejects XRP Seizure Speculation
Ripple’s attorney Bill Morgan has dismissed claims that the U.S. government could seize XRP tokens from the company’s escrow accounts, emphasizing that such an action is unlikely.
Could Elon Musk’s Frog Post Ignite PEPE Surge?
PEPE is testing critical support levels as speculation mounts around a potential meme coin rally sparked by Elon Musk’s recent frog post.
Reddit Explores Iris Scanning for User Verification
Reddit is in talks with World ID to implement an iris scanning system for user verification, aiming to enhance privacy while ensuring users are unique and of legal age.
SEI and KAIA: Potential for Double-Digit Gains
SEI and KAIA tokens continued their upward trend as Bitcoin stabilized below $105,000, indicating trader confidence ahead of a volatile derivatives expiration day.
