Trading Desk Insights
BTC remains tightly range-bound between $106,000 and $112,000 as the momentum from the recent bull run shows signs of fatigue. Technical signals are flashing caution, with the 30-day rate of change revealing a clear bearish divergence — a classic sign of weakening momentum despite the surface-level grind higher. Bulls haven’t mustered much follow-through in the past 24 hours, even with headlines that the Trump family media arm is looking to raise $3 billion to accumulate crypto.
ETHBTC is up 3% on the day, while SOLETH has slipped 2%, reflecting mixed flows across majors. Meanwhile, in the altcoin space, HYPE has been on an absolute tear — ripping 50% over the past week and now clocking an eye-watering 300% gain since the start of April, dominating crypto chatter and social feeds.
On the derivatives front, total Bitcoin options open interest has surged to an all-time high, pointing to aggressive bullish positioning. The surge underscores deepening institutional participation and speculative bets on parabolic upside, bolstered by hefty ETF inflows and growing safe-haven flows amid macroeconomic jitters. Notably, the $300K BTC call option has become the single most popular strike heading into the June 27 expiry, now carrying over $600 million in notional open interest. But beware — the frenzy for short-dated calls could be a classic contrarian indicator, with speculative froth often peaking near local tops.
Breaking just now: Trump Media has inked an agreement with 50 institutional players to lock in a $2.5 billion BTC treasury deal. Elsewhere, Circle Internet Group has filed for an IPO on the New York Stock Exchange, adding more fuel to crypto’s intersection with traditional markets.
Tuesday’s price action comes on the heels of a rough week on Wall Street, where major U.S. indexes slid more than 2% after Trump’s aggressive calls for EU tariffs rattled sentiment alongside worries tied to Apple. The U.S. equity market was closed Monday in observance of Memorial Day, setting up a cautious open as traders digest fresh catalysts.
The News Room
Tether invests $5 billion profit into US companies while holding $120 billion in US debt
Tether has reinvested $5 billion of its profits into U.S. companies, focusing on sectors like Bitcoin infrastructure, brain-computer interfaces, and decentralized media platforms. This strategic move aligns with Tether's broader goal of diversifying beyond its core stablecoin operations. Additionally, Tether holds approximately $120 billion in U.S. debt instruments, including Treasury bills, positioning itself as a significant player in the U.S. financial landscape
SEC Crypto Task Force discusses securities tokenization with Nasdaq, DeFi startups
The U.S. Securities and Exchange Commission's (SEC) Crypto Task Force recently engaged in discussions with Nasdaq and decentralized finance (DeFi) startups about the tokenization of securities. These meetings explored the potential of creating a regulatory sandbox to facilitate innovation while ensuring compliance. The initiative reflects the SEC's efforts to understand and integrate emerging blockchain technologies within existing financial frameworks
Trump Media reportedly plans $3B raise for crypto buys via equity raise, bond backing
Trump Media & Technology Group (TMTG), the company behind Truth Social and controlled by the Trump family, plans to raise $3 billion to invest in cryptocurrencies, including Bitcoin. The fundraising strategy involves $2 billion in new equity and $1 billion through convertible bonds. This move aligns with President Trump's agenda to position the U.S. as a global leader in digital assets. An official announcement is anticipated ahead of a major crypto summit in Las Vegas, where key figures from the Trump family are expected to speak.
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