Stablecoin USDM has confirmed its integration with Cardano’s Lace Wallet, bringing it one step closer to its goal of enhancing on-chain usability. The fiat-backed stablecoin is vying for position as the leading offering in anticipation of Cardano’s foray into Bitcoin DeFi. USDM Strikes Partnership With Lace Wallet, Braces For Bitcoin DeFi Cardano’s premier fiat-based stablecoin,
Bitcoin’s explosive rally to $111,970 has reignited hopes of a long-anticipated altseason. While the crypto king leads the charge, analysts warn the altcoin market is not quite ready to follow—at least, not yet. The remainder of this bull cycle may hinge on one crucial signal: a breakdown in Bitcoin dominance, potentially triggering a powerful rotation into altcoins.
Is Bitcoin Dominance the Key to Altseason?
According to crypto analyst Kyledoops from Crypto Banter, Bitcoin’s current market cycle is around 75–80% complete, with the final 20% likely to bring explosive upside. On a recent podcast, he projected a strong Wave 3 move could send Bitcoin to $125K–$130K by September, backed by bullish indicators including Market Cipher B, rising money flow, and green dots on the weekly chart.
With the S&P 500 and other major equities hitting all-time highs, Bitcoin appears poised to follow the upward momentum. However, for altcoins to truly rally, a breakdown in Bitcoin dominance—currently nearing the apex of a rising wedge between 66%–69%, is necessary. A rejection at these levels, analysts believe, could finally mark the beginning of a genuine altseason.
Early Signs: Which Altcoins Are Moving?
Although broad altcoin strength is still pending, select tokens are starting to show bullish setups:
SUI has rebounded off the 0.618 Fibonacci level, currently sitting in profit with reduced risk.
Solana (SOL) bounced from a fair value gap and may retest the $145 level soon, though a full reversal is yet to confirm.
Fantom (FTM/S) has broken out of its downtrend and is targeting a move above $0.38, which would be an early bullish sign.
ONDO, while sitting at range lows, could see action if Bitcoin dominance begins to fall.
Meme Coins Are Heating Up
Nobody Sausage saw a 130% spike, maintaining a bullish posture pending trendline confirmation.
FartCoin is hovering at the 50% retracement zone.
Popcat is in a reaccumulation phase between $0.20–$0.24.
NEAR may be forming a double bottom, showing early bullish signs.
GokuCoin continues its upward move on strong fundamentals.
Chainlink remains indecisive, currently in “no man’s land.”
USELESS offered no notable market signals.
Outlook: Patience May Pay Off
Kyledoops emphasizes that most altcoins are still in accumulation, and a full-scale rally is unlikely until Bitcoin dominance breaks down and the SPX500 confirms continued momentum. While the market setup for altseason is gradually forming, analysts caution that timing is everything. The next few months could offer golden opportunities—but only for those who stay patient and watch the key indicators closely.
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FAQs
How is the crypto market doing today?
As of today, June 30, 2025, the crypto market is showing a mixed performance. Bitcoin is trading around $107,500 with a slight dip, while Ethereum is showing some upward movement. The overall market capitalization is around $3.41 trillion, with some altcoins experiencing minor gains and others showing slight declines.
What is altcoin season in the cryptocurrency market?
Altcoin season, or altseason, is a period when cryptocurrencies other than Bitcoin (altcoins) significantly outperform Bitcoin in terms of price growth. It’s characterized by capital rotating from Bitcoin into altcoins, leading to rapid and substantial gains across a wide range of alternative cryptocurrencies.
What typically happens when altcoin season occurs?
When altcoin season occurs, several things typically happen: Bitcoin’s market dominance declines as capital shifts, a majority of altcoins experience rapid price appreciation, trading volumes for altcoins surge, and there’s often a general increase in market optimism and retail “FOMO” (fear of missing out).
Will Bitcoin’s price fall during an altcoin season?
Bitcoin’s price doesn’t necessarily fall during an altcoin season. Instead, it often consolidates, rises more slowly, or even continues to increase, but at a significantly lower rate than altcoins. The key characteristic is that altcoins outperform Bitcoin, meaning their percentage gains are much larger as money flows into them.
The post Altcoin Season Building Up, These Cryptos Are Leading Early appeared first on Coinpedia Fintech News
Bitcoin’s explosive rally to $111,970 has reignited hopes of a long-anticipated altseason. While the crypto king leads the charge, analysts warn the altcoin market is not quite ready to follow—at least, not yet. The remainder of this bull cycle may hinge on one crucial signal: a breakdown in Bitcoin dominance, potentially triggering a powerful rotation …
At the beginning of 2025, Layer-1 (L1) blockchain network Solana found itself in the spotlight, thanks to meme coins.
Donald Trump’s Official Trump (TRUMP) meme coin launch on January 17 ignited a flurry of activity across the network, driving demand to levels unseen since the 2021 bull cycle.
While these volatile assets boosted Solana’s network activity and pushed up SOL’s price, they also present a paradox. They have brought in liquidity, users, and attention—but at what cost?
Presidential Memes Pump Solana Into Overdrive
Solana’s cheap, lightning-fast transactions and highly composable DeFi infrastructure make it one of the most preferred blockchains for launching meme coins. So when newly elected Donald Trump launched his TRUMP meme coin on the network in January, it came as no surprise to many.
Following TRUMP’s launch on January 17, demand for Solana skyrocketed, driven on the one hand by developers eager to launch their own meme coins and on the other by the frenzy of trading activity surrounding them.
Melania Trump followed her husband’s lead by launching her MELANIA meme coin on the same chain two days later. This move exacerbated the meme hype and drove significant trade volumes across multiple meme coins, both existing and newly created.
For example, within a day of launch, MELANIA’s trading volume soared 396%, jumping from $1.33 billion to $6.6 billion, according to CoinGecko data.
Solana Memes Took It to the Moon, Then Back Down
This development drove significant user engagement on Solana. According to Glassnode, by January 24, the network was processing 832,000 active addresses per hour, over 26 times more than Ethereum, which recorded just 31,000 per hour.
Due to the huge influx of new users on the network, transaction fees rocketed. Per Glassnode, Solana’s total transaction fees climbed to an all-time high of $32.43 million on January 19 after MELANIA launched. On the same day, SOL climbed to an all-time high of $293.
However, market exhaustion set in shortly after this price peak was reached. The meme coin mania began to fade, taking Solana users with it. Daily active addresses and new demand for the L1 plunged, dragging down DEX volume, SOL’s price, and DeFi TVL.
For example, SOL’s DEX volume hit an all-time high of $36 billion on January 19. But as the meme coin hype cooled off, by January 31, it had plummeted to just $3.8 billion, dropping nearly 90%. As of April 15, this totaled $1.5 billion.
Solana’s network revenue was not spared. Daily revenue, which rose to an all-time high of $16 million on January 19, plummeted to under $5 million by the end of January. Yesterday, the network’s total revenue from all transactions completed was under $115,000.
While TRUMP, MELANIA, and the slew of other meme coins that launched on Solana in the first few weeks of the year drove unprecedented network activity and boosted SOL’s value, the drop in their values and overall trading volumes has impacted the network’s performance.
It then raises the question of whether Solana’s actual value is now tied to this highly volatile, borderline chaotic asset class.
In an exclusive interview with BeInCrypto, Binance Research spokesperson Marina Zibareva noted that while these meme assets contributed to the network’s growth at the beginning of the year, Solana’s performance remains “increasingly driven by broader ecosystem fundamentals.”
According to Zibareva:
“We’ve seen DeFi TVL grow nearly 4x in SOL terms since January, and stablecoin supply has increased over 6x – pointing to lasting interest in real utility. Developer activity is also accelerating, with smart contract deployments rising almost 6x, suggesting strong long-term potential beyond the speculative wave.”
Although Solana’s inherent features make it a go-to destination for launching meme coins via platforms like Pump.fun, Jupiter, and Meteora, Zibareva sees a future for the network that stretches beyond meme coins.
“Meme coins have brought attention and users, but the long-term trajectory likely points toward use cases like DeFi, DePIN, Gaming, and SocialFi. Solana’s daily active addresses have increased nearly 6x year-to-date, and with its infrastructure battle-tested, we expect to see more developer activity focused on sustainable value creation,” she added.
Is there more Bitcoin in the market than there should be? That’s the latest debate heating up crypto circles.
Bitcoin pioneer Adam Back stepped in this week to shut down growing claims of “paper Bitcoin” but not everyone is buying his take.
Read on to know what the buzz is all about.
What’s Paper Bitcoin Anyway?
The term “paper Bitcoin” refers to Bitcoin that isn’t backed by actual BTC on the blockchain. Think futures, synthetic assets, or contracts that promise exposure to Bitcoin without ever holding the real thing.
Some in the community believe this “fake” BTC is flooding the market and that it’s one reason Bitcoin’s price hasn’t broken higher, despite strong institutional demand.
Adam Back: “They’re Taking Delivery”
Adam Back, the cypherpunk behind Hashcash and a key figure in Bitcoin’s early history, isn’t convinced.
Taking to social media, he said the idea of paper Bitcoin is overblown especially when large buyers are actually holding their BTC.
“Billions of btc buying price stuck in $100-110k ‘must be paper bitcoin selling’ here’s another paper debunk. The guys buying big ticket amounts of btc are taking delivery: storing with custodians.”
$billions of btc buying price stuck in $100-110k “must be paper bitcoin selling” here’s another paper debunk. the guys buying big ticket amounts of btc are taking delivery: storing with custodians. i know a lot of retail are leaving on exchange, but hard to hide that much paper.
He added that hiding that much extra Bitcoin simply isn’t realistic. If billions of fake BTC were out there, we’d see signs of it.
Not Everyone Agrees
Lawrence Lepard, an investment manager and author, fired back saying the data tells a different story. He pointed to large futures positions as proof that paper Bitcoin does exist.
“It is not hidden. Binance shows $12b of perpetual futures outstanding and worldwide ChatGPT says $30B. That is a lot of paper Bitcoin and that figure has grown rapidly (I monitor it),” Lepard said.
According to him, these numbers represent synthetic BTC that’s impacting the market without ever touching the blockchain.
Yes Adam, but it is not hidden. Binance shows $12b of perpetual futures outstanding and worldwide ChatGPT says $30B. That is a lot of paper Bitcoin and that figure has grown rapidly (I monitor it).
— Lawrence Lepard, “fix the money, fix the world” (@LawrenceLepard) June 28, 2025
Why This Debate Matters
This argument is about how Bitcoin’s price is being shaped in real time. If the market is full of paper Bitcoin, it could be muting real demand. If not, then something else is keeping the price in check.
For now, the community remains split. But as Bitcoin continues to hover near key levels, questions around what’s real and what’s not aren’t going away anytime soon.
The post Adam Back Shuts Down Paper Bitcoin Controversy appeared first on Coinpedia Fintech News
Is there more Bitcoin in the market than there should be? That’s the latest debate heating up crypto circles. Bitcoin pioneer Adam Back stepped in this week to shut down growing claims of “paper Bitcoin” but not everyone is buying his take. Read on to know what the buzz is all about. What’s Paper Bitcoin …