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This Week In Crypto: Trump/Musk Split, Gemini and Circle IPO, Altcoin Bear Market, and More
This Week In Crypto: Trump/Musk Split, Gemini and Circle IPO, Altcoin Bear Market, and More

This week, the crypto world saw major shifts, including a high-profile breakup between Trump and Musk, a Spanish coffee chain investing heavily in Bitcoin, and Gemini's IPO filing. Meanwhile, altcoins continue their prolonged bear market.

BeInCrypto·2025/06/07 06:05
Will World Liberty Financial’s Treasury Plan Revive the TRUMP Meme Coin?
Will World Liberty Financial’s Treasury Plan Revive the TRUMP Meme Coin?

TRUMP meme coin gains 7% following a partnership announcement with World Liberty Financial, but ethical concerns and regulatory uncertainty cloud the deal. Critics warn of possible manipulation and insider trading, raising red flags over its legitimacy.

BeInCrypto·2025/06/07 05:30
HBAR Technical Charts Spook Traders – Is Bullishness Fading for Hedera?
HBAR Technical Charts Spook Traders – Is Bullishness Fading for Hedera?

HBAR’s price faces significant pressure, with technical indicators pointing to further declines. Watch the $0.172 resistance and $0.163 support for potential price shifts.

BeInCrypto·2025/06/07 04:30
Trump Might Replace Fed Chair Powell  – How Will Bitcoin React?
Trump Might Replace Fed Chair Powell  – How Will Bitcoin React?

Trump’s revived push to replace Jerome Powell as Fed Chair creates market uncertainty, potentially propelling Bitcoin toward $105,000. If successful, it could ignite altcoin rallies as rate cuts boost liquidity and market sentiment.

BeInCrypto·2025/06/07 03:30
Solana Sell Off Hits 2-Month High – How Will SOL Price React?
Solana Sell Off Hits 2-Month High – How Will SOL Price React?

Solana's recent recovery is at risk due to increasing selling pressure and bearish technical indicators. The $154 resistance will be key for any short-term rally.

BeInCrypto·2025/06/07 02:32
MASK Price Crashes 40% as Trump-Elon Musk Fallout Sours Retail Sentiment
MASK Price Crashes 40% as Trump-Elon Musk Fallout Sours Retail Sentiment

Mask Network (MASK) suffers a sharp price drop following the public fallout between Trump and Musk. Retail traders, driven by meme speculation, are fleeing the market, creating volatility despite MASK's solid fundamentals.

BeInCrypto·2025/06/07 01:47
Flash
10:07
UBS Group and Nethermind have completed a proof of concept for public blockchain compliance requirements.
Foresight News reported that Nethermind tweeted that it has jointly completed two proofs of concept (PoC) with UBS Group, demonstrating that public, permissionless networks can meet the compliance and operational needs of regulated financial institutions. Nethermind stated that these PoCs show banks and asset management firms can implement robust compliance controls through infrastructure running on Ethereum, without needing to change the way the protocol itself operates. Nethermind stated: "We built and tested a node that can apply customizable compliance rules to outgoing transactions, as well as a routing component that can send approved transaction bundles directly to selected block builders. Both components were verified end-to-end on Sepolia, without real transactions."
10:03
UK manufacturing orders deteriorated to -45, the weakest level since September 2020
⑴ Data released by the Confederation of British Industry on Tuesday showed that the manufacturing orders balance index fell further from -41 in May to -45 in June, reaching its lowest level since September 2020 during the COVID-19 pandemic, indicating that the trade environment faced by the manufacturing sector is rapidly deteriorating. ⑵ The output expectations balance index for the next three months dropped sharply from the previous -13 to -31, the lowest since December 2024, signaling a significant rise in pessimism among manufacturers about short-term production prospects. ⑶ The output price expectations balance index fell from +38 in May to +22, indicating that while cost pressures faced by manufacturers have eased somewhat, the absolute level remains high. This trend is consistent with the evolution of price pressures in the services sector found in previous S&P Global surveys. ⑷ Senior economists at the Confederation of British Industry pointed out that manufacturing orders are at their weakest level since 2020 and output continues to decline. The reopening of the Strait of Hormuz brings favorable conditions for British manufacturers, but normalization of energy prices and supply chains will still take time even under the best circumstances, and the potential for further turbulence remains clearly visible.
09:59
CatFee.IO completes infrastructure expansion and upgrade; TRON Node's daily API calls exceed 720 million
Odaily reports that TRON infrastructure service provider CatFee.IO has recently announced the completion of a new round of infrastructure expansion and upgrades to meet the continuously growing demand for enterprise-level services. According to information, this upgrade covers data centers in Singapore and Los Angeles, adds backup servers and load balancing architecture, and simultaneously completes network bandwidth expansion and global routing optimization. After the upgrade, overall bandwidth capacity increases to five times its original scale, and the DNS intelligent routing mechanism further improves global access quality and service stability. CatFee.IO stated that as of now, the number of clients for its TRON Node service has surpassed 500, with an average daily API call volume exceeding 720 million times. Its service scope covers wallets, energy leasing platforms, payment systems, Web3 projects, and individual developers across multiple scenarios.
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