Bitcoin price rose more than 3% to break to $103k on Monday. Gains came despite Iran’s missile attacks on US bases in the Middle East. BTC also seemed to rally amid reports that US President Donald Trump seeks no further military action in Iran Bitcoin (BTC) has soared to $103,000 as of writing on Monday, June 23, 2025, defying expectations amid escalating tensions in the Middle East. The cryptocurrency’s sharp rally comes despite Iran’s recent retaliatory attacks on US military bases. It includes a ballistic missile strike on the Al Udeid air base in Qatar. Reports indicate that US President…
Author: cryphedge
Exploring the lesser-known segments of the crypto world often uncovers hidden gems. Decentralized storage is one such area, offering promising potential. Filecoin (FIL) and Arweave (AR) stand out as key players in this sector. An in-depth look into these projects reveals why they may be poised for significant growth amidst the evolving landscape. Filecoin Faces Persistent Bearish Sentiment and Key Price Levels Filecoin experienced a strong downtrend over the past month and six months. The coin dropped 26.31% in one month and plunged 61.64% over six months, with a one-week decline of 13.44% highlighting short-term pressure. Price swings have been…
On Monday, June 23rd, the pioneer cryptocurrency Bitcoin showed a slight uptick of 0.4% to reach $104,447. However, the buying pressure came as a short relief in price amid the continued geopolitical tension in the Middle East, now intensified with the United States joining this conflict. Moreover, BTC’s daily candle showed a higher price rejected wick and deleverage position in the market, indicating the risk of prolonged correction. Investors Flee Leverage as ELR Crashes to “China Ban” Lows Over the past two weeks, the Bitcoin tumbled from $110,400 to $104,447, the current trading price, accounting for an 8.3% loss. The…
Texas Governor Greg Abbott signed the “Bitcoin Reserve Bill” SB 21 into law on June 21, allowing the state to invest an unlimited amount of money from the state’s fund into Bitcoin (BTC).SB 21 creates the Texas Strategic Bitcoin Reserve and lets the Comptroller buy BTC so long as the asset’s market cap exceeds $500 billion, a threshold that only Bitcoin currently meets.$2.2B allocationWith the proposal signed into law, Texas became the third state in the US with an official Bitcoin reserve, joining New Hampshire and Arizona. Nothing in the statute caps allocations, meaning lawmakers could appropriate the full balance of…
Author Hongji Feng Author Hongji Feng About Author Hongji is a crypto and tech reporter. He graduated from Northwestern University’s Medill School of Journalism with a Bachelor’s and a Master’s. He has previously interned at HTX (Huobi Global),… Share Last updated: June 23, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects…
As the US and Iran war cries escalate with threats of blocking the Strait of Hormuz, here are the key facts that are revolving around Ripple’s native token XRP on Monday. The leading altcoin had dropped nearly 9% in the day’s trade falling to a low of $1.95. It managed to briefly recover and moved to the $2.04 mark as the day progressed. It settled at the $2 at press time.Also Read: Ripple (XRP) Risks Dropping Below $2: Key Info Before Buying DipIn addition, $32.07 million worth of XRP tokens were liquidated on Monday and most of them came from…
Texas is now legally empowered to build its own Bitcoin reserve funded with taxpayer dollars before the federal government takes any comparable action.Governor Greg Abbott on Saturday signed Senate Bill 21, a law that explicitly allows the state to buy and hold Bitcoin and other top-tier cryptocurrencies.The measure passed the Texas House and Senate by wide margins, empowering the state comptroller to begin building the reserve immediately.While the Trump administration recently announced the formation of a “Strategic Bitcoin Reserve,” the two policies differ starkly in substance and intent.Strategic autonomy or symbolic move?Backers of the Texas bill, including Lieutenant Governor Dan…
The Bitcoin (BTC) price was hit hard over the weekend as traders and investors were obliged to sell the only asset they could during a weekend of US bombing of Iranian nuclear installations and a threat from Iran to close the commercially critical strait of Hormuz. Bitcoin was all there was to sell Bitcoin’s superpower of being able to be traded 24/7 and over every weekend can sometimes be prejudicial to the king of the cryptocurrencies. As the US joined the Israeli strikes on Saturday by dropping “bunker busting” bombs and launching Tomahawk cruise missiles, scared investors began to sell…
Web3 MMORPG MapleStory N has faced a surge in cheating, automated bots, and game exploitation since launching in May, and is now banning thousands of abusers every day to address the issue.The game, which allows players to earn cryptocurrency through in-game activity, has become a target for users looking to extract value through dishonest means including using bots to farm items and exploiting game mechanics to gain an unfair advantage.Nexpace has implemented multiple security and economic measures in response, including improved cheat detection, delays on withdrawals, and mechanisms to contain and potentially reclaim compromised assets.Key InsightsThousands of accounts are being…
Crypto Journalist Anas Hassan Crypto Journalist Anas Hassan About Author Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech. Share Last updated: June 23, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to industry events, products, and…
