Category: News

Leading altcoin Ethereum broke below its narrow consolidation range on Friday, marking the beginning of a sustained downtrend poised to continue into the new week. The altcoin dipped below $2,300 for the first time in a month, as the tensions between the US, Israel, and Iran escalated yesterday.

The breakdown has triggered a surge in sell-side pressure across the Ethereum futures market, raising concerns of a deeper decline ahead.

Ethereum Bears Tighten Grip

The bearish bias against ETH is reflected by its taker buy/sell ratio, which has consistently posted negative values since Friday. At press time, this stands at 0.93 per CryptoQuant, indicating that sell orders dominate buy orders across the ETH futures market. 

An asset’s taker buy-sell ratio measures the ratio between the buy and sell volumes in its futures market. Values above one indicate more buy than sell volume, while values below one suggest that more futures traders are selling their holdings. 

The steady dip in ETH’s taker buy/sell ratio over the past few days points to a climbing sell-off among futures traders. This mounting sell-side pressure confirms weakening sentiment and could accelerate price declines if it continues.

In addition, ETH remains significantly below its 20-day Exponential Moving Average (EMA), which shows the bearish sentiment surrounding the asset. At press time, this key moving average forms dynamic resistance above ETH’s price of $2,497. 

The 20-day EMA measures an asset’s average price over the past 20 trading days, giving weight to recent prices. When the price falls below the 20-day EMA, it signals short-term bearish momentum and suggests sellers are in control.

This further confirms the weakening bullish structure around ETH, as the asset struggles to reclaim short-term trend support. 

Will Ethereum Hold the Line? 

ETH currently trades at $2,272, noting a 6% decline amid the broader market’s pullback of the past 24 hours. With climbing sell pressure across its spot and futures market, ETH risks pulling toward the support at $2,185.

If this support fails, ETH’s price could plummet further to $2,027.

However, if buying pressure gradually gains momentum, ETH could rebound and climb to $2,424. 

The post Ethereum Futures Show Heavy Selling Amid Escalating Geopolitical Tension appeared first on BeInCrypto.

Two prominent industry analysts have turned very bullish on altcoin ETFs, predicting that eight different applications have 90-95% odds of SEC approval.

The assets in question include Litecoin, Solana, XRP, Dogecoin, Cardano, Polkadot, HBAR, and Avalanche. They’re also bullish on a basket ETF but believe that SUI only has 60% odds.

Altcoin Season for ETF Approvals?

Since the Bitcoin ETFs first hit the scene, crypto has irrevocably changed. This first offering was a long and difficult battle, but enthusiasts hoped that Bitcoin would open the floodgates.

New SEC management has inspired a torrent of altcoin ETF applications, and two Bloomberg analysts believe that many of them are practically certain to succeed:

NEW: @EricBalchunas & I are raising our odds for the vast majority of the spot crypto ETF filings to 90% or higher. Engagement from the SEC is a very positive sign in our opinion pic.twitter.com/5dh8G8rK6Y

— James Seyffart (@JSeyff) June 20, 2025

Their top altcoin ETF picks include all the classic contenders like Solana and XRP. The analysts in question, James Seyffart and Eric Balchunas, have been following this race for months.

They previously picked Litecoin as the top candidate, but it’s now a three-way race between these assets.

Five more altcoins are only slightly less likely to win approval. They gave Sui 60% odds due to its uncertain status as a commodity, and didn’t rank Tron. Commentators inquired about several other filings, but they only considered proposals with active Form 19b-4 filings.

So, why are they so optimistic? After all, the SEC has been postponing altcoin ETF applications on all fronts. The important thing to remember is that the Commission is meaningfully engaging with these proposals.

A hostile SEC under Gary Gensler tried to ignore filings for as long as possible, but today’s Commission acknowledges them promptly.

Even if it’s unable to move as quickly as the industry might like, the SEC is still showing encouraging signs. Seyffart theorized that final approval could happen as soon as July or as late as October. Either way, he thinks it’ll happen in 2025.

Luckily, the community has been understanding of these setbacks. For example, popular belief in a successful XRP ETF spiked to 98% earlier this month despite an SEC delay.

It seems now that industry professionals are taking a similarly rosy view of altcoin ETFs. Hopefully, the first approvals will start going through in the near future.

Still, these bullish predictions might not immediately translate into lucrative investment opportunities. As of June 2025, Bitcoin ETFs take up 90% of the sector. Even if all eight of these altcoin ETFs win approval, BTC might continue dominating market share.

The post Analysts Believe These Altcoin ETFs Have a 90% Chance of Approval appeared first on BeInCrypto.

Pi Network will mark its annual Pi2Day event on June 28, 2025, amid heightened speculation around ecosystem progress and potential exchange listings. The date, stylized as 6.28, doubles the symbolic Pi Day (3.14) and serves as a checkpoint for network development.

This year, the event centers around the launch of a KYC sync feature, renewed ecosystem engagement, and broader expectations for Mainnet migration.

What is Pi2Day?

Pi2Day is Pi Network’s mid-year celebration, held annually on June 28. The date references the mathematical constant Pi (π ≈ 3.14) and its multiple (2π ≈ 6.28).

The event allows the Core Team to highlight ecosystem updates, user growth, and infrastructure milestones. It also serves to rally its global user base, now numbering over 47 million participants.

The most significant development ahead of Pi2Day is the release of a new Know Your Customer (KYC) sync feature. This update connects Pi Browser and the main Pi App, allowing users to reconcile identity verification data.

Millions of users stuck in “pending” or “tentative” KYC status may now finalize migration to the open Mainnet. This change could lead to a surge in Mainnet activity after Pi2Day.

The feature has been rolled out gradually. Many users report updates to their status within 48 hours of sync.

The .pi Domains Auction continues to see strong engagement across the Pi ecosystem. Recent updates include a new statistics page showing domains with the most bids, highest price, and recent trending bids. https://t.co/yD13KYexu7

The Auction is also now a Pi app instead of being…

— Pi Network (@PiCoreTeam) June 15, 2025

What Pi2Day Means for Pi Network

This year’s Pi2Day arrives at a critical time for Pi Network. The project has faced growing pressure to deliver on ecosystem promises.

Since Open Mainnet launched, dozens of dApps, the .pi domain system, and events like PiFest have emerged. New updates could drive usage even further.

A successful rollout of the KYC sync tool would bring more users into the network’s functional phase. This would improve validator distribution and increase application testing.

Additionally, the community anticipates announcements around new applications or developer tools. Any signs of real-world utility could shift the narrative from speculative mining to actual use.

#PiNetwork Latest announcement:@PiCoreTeam It’s been over 100 days since the launch of Open Network! Since then, Pi’s ecosystem has continued to grow and expand. In addition to launching the Pi Network Ventures development initiative which strategically invests in startups and… pic.twitter.com/qTeWYPJACO

— Pi Barter Mall来购酷买 (@pibartermall) June 19, 2025

Rumors of a Pi token listing on major exchanges, including Binance, have intensified ahead of the event. Community polls show strong belief in a new listing.

A confirmed Binance listing could bring liquidity and price discovery. But premature trading without full migration risks harming network integrity.

What Happens Afterwards

After June 28, attention will shift to how many users complete KYC and migrate to Mainnet. This number directly impacts decentralization and transaction capacity.

Ecosystem developers may also begin rolling out new dApps or integrations, especially if the Core Team signals greenlights during the Pi2Day broadcast or blog updates. 

Also, the Core Team may provide updated timelines for future features or governance.

Will Pi’s Price Be Impacted?

Pi’s price has hovered around $0.53–$0.56. The altcoin has dropped over 35% in the past week, and buying pressure is currently near an all-time low.

If Pi2Day triggers increased ecosystem activity, it may drive higher perceived value. A new exchange listing, if it happens, would introduce price discovery and liquidity.

Conversely, a lack of major updates could lead to community disappointment and selloffs on unofficial platforms.

The post What is Pi Network’s Pi2Day and Should Pioneers be Excited appeared first on BeInCrypto.

What happened this week in crypto? It was a highly eventful week, as the Senate passed the GENIUS Act, France’s crypto kidnapping wave continues, and Israel-backed hackers targeted Iran’s crypto industry.

Canada also became the world’s second nation to approve an XRP ETF, and delays continue for an SEC v Ripple resolution. Find out all these stories and more at BeInCrypto.

GENIUS Act Passes Senate Vote

This week, a major event for crypto regulation took place as the GENIUS Act passed through the US Senate.

This new stablecoin framework had several major setbacks in recent months, but fresh amendments helped generate bipartisan support. By the time of this final vote, political support was overwhelming.

Now that the bill has passed the Senate, it will become law after President Trump signs it. Trump plans for stablecoins to promote dollar dominance, and his support is certain.

From there, it’ll open many new possibilities: for example, major banks are considering stablecoin launches. This industry sector seems guaranteed to keep growing.

Iran-Israel War Leads to Major Crypto Hack

The new war between Iran and Israel has been impacting the crypto market all week, but that’s natural for any geopolitical turmoil.

However, the conflict now takes place directly over the blockchain. Israeli-backed hackers breached Nobitex, an Iranian crypto exchange, stealing and then burning $90 million in tokens.

$90M drained from Iranian exchange Nobitex in a hack claimed by hacktivist group, Gonjeshke Darande.

This wasn’t just theft. It was a message.

Blockchain is now a geopolitical front line.
Visual of the hack distribution from Merkle Science’s Tracker pic.twitter.com/7BT3t1nRYJ

— Merkle Science (@MerkleScience) June 19, 2025

Gonjeshke Darande (Predatory Sparrow) has been active for several years, disrupting Iranian economic activities on behalf of Israel. Nonetheless, this crypto hack represents a major escalation.

Crypto has funded war, and governments have created crypto hacking groups. Never before, however, have state-backed hackers targeted another country’s crypto industry.

This precedent could spell worrying things for the industry’s future. So far, this war hasn’t been particularly painful for crypto, at least compared to other recent events. If multimillion-dollar token burns become a feature of future wars, it’ll traumatize markets worldwide.

France Shocked By Another Crypto Kidnapping

Another landmark event this week was a crypto kidnapping in Paris’ suburbs. This marks the tenth such incident in France this year, all the more shocking because authorities vowed to tighten security.

A 23-year-old man was abducted, and his loved ones were extorted for €5,000 and his Ledger key.

A 23 year old man was kidnapped Tuesday while out shopping in Maisons-Alfort, France. The attackers called his partner and demanded his Ledger and 5,000 EUR in cash. She complied & he was released.

This is the 10th wrench attack this year in France!https://t.co/ZE7WK8vtcQ

— Jameson Lopp (@lopp) June 20, 2025

Before this incident, police believed that a single gang was behind the majority of these attacks. Thanks to cooperation with Morocco, several purported ringleaders were arrested in North Africa earlier in June.

However, this clearly hasn’t stopped the kidnappings. Either the gang is still active, or copycats are adopting the practice. Both possibilities are terrifying.

No Resolution for SEC v Ripple

Although the SEC v Ripple case is a topic of major interest for the crypto industry, it wasn’t resolved this week. The two parties have been jointly filing to settle the last cross-appeal, but Judge Torres is not cooperating.

Both parties are attempting to pause the appeals process, but lawyers are becoming skeptical that they’ll win a favorable decision.

In the newest saga of SEC v. Ripple, I don’t like this filing based on how obvious it was from Judge Torres’ last ruling that she was pissed. I recommended a long, detailed motion explaining the SEC’s failures in crypto regulation (with Commissioner declarations) and some… https://t.co/KTyiqxLnWo

— Fred Rispoli (@freddyriz) June 12, 2025

In short, the biggest problem is that a crypto-friendly SEC can’t unilaterally reverse policies from the Gensler era.

It may be unfair that Ripple is forbidden from selling securities to retail investors, but Atkins’ Commission needs to prove that in court. Although the community remains hopeful, this setback may impact Ripple’s business for the foreseeable future.

Canada Gets the XRP ETF

In another memorable crypto development, Canada finally approved the XRP ETF this week. This makes Canada the second nation to offer such a product, following Brazil’s approval in April.

Purpose Investments, which offered the first crypto ETF in North America, is a fitting company to issue this product.

“The OSC’s granting of a receipt for the Purpose XRP ETF prospectus reinforces Canada’s global leadership in building a regulated digital asset ecosystem. We’re proud to continue pushing the boundaries of what’s possible in the space,” claimed Vlad Tasevski, Purpose’s Chief Innovation Officer.

Hopefully, these developments will encourage Canada’s southern neighbor to follow suit. Prominent ETF analysts in the US recently claimed that an XRP ETF has a 95% chance of approval, but it hasn’t happened yet.

Additionally, the Zebec Network announced a new reward program for XRP holders, and Pi Network drew community criticism after a lackluster domain update.

This week has been very eventful for crypto, but BeInCrypto is here to keep you informed about all of it.

The post This Week in Crypto – The GENIUS Act, Iranian Exchange Hack and More appeared first on BeInCrypto.

Crypto data provider CoinMarketCap has recovered from a brief security lapse. The incident exposed website visitors to a deceptive pop-up urging them to connect their crypto wallets.

The June 20 incident disrupted the platform’s front-end interface for a few hours before the team took corrective action.

CoinMarketCap’s Breach Traced to Malicious Doodle

According to the company, the breach involved an unexpected pop-up on its homepage, instructing users to verify their wallets to access full account features.

“We’re aware that a malicious pop-up prompting users to ‘Verify Wallet’ has appeared on our site. Do NOT connect your wallet,” the data aggregator warned.

While the message mimicked legitimate functionality, security analysts quickly warned that the request was malicious and likely intended to compromise user wallets.

In a follow-up update, CoinMarketCap revealed that the issue stemmed from a doodle image embedded on its homepage. The image was linked to an external call that triggered unauthorized JavaScript, resulting in the suspicious wallet prompt.

“On June 20, 2025, our security team identified a vulnerability related to a doodle image displayed on our homepage. This doodle image contained a link that triggered malicious code through an API call, resulting in an unexpected pop-up for some users when visited our homepage,” CoinMarketCap explained.

Investigators found that the breach may have originated from a compromised third-party service, likely an ad network. This service injected malicious code into the platform’s display system.

Meanwhile, CoinMarketCap clarified that external dependencies used to serve content—not its internal infrastructure—caused the issue.

The platform confirmed that all affected scripts and assets had been removed, and new safeguards were introduced to prevent similar exploits. It also assured users that the situation was under control and that visiting the site is now safe.

“We’re actively monitoring user feedback and our support team is standing by to ensure all inquiries are promptly addressed. We are committed to maintaining the highest standards of security and transparency, and we thank you for the continued trust of our community,” it added.

CoinMarketCap, owned by Binance, continues to serve millions of users who track real-time crypto prices and market data.

However, this episode reminds us that even the most established platforms must remain proactive in protecting users from increasing threats.

Due to this, security experts have urged crypto wallet users to always take precautions by constantly reviewing recent activity and avoiding connecting to unknown dApps or prompts.

So far this year, hackers have aggressively targeted vulnerabilities across even the most reputable platforms. Combined, these breaches have led to over $2 billion in stolen assets, including a massive $1.4 billion exploit on Bybit.

The post Hackers Briefly Compromise CoinMarketCap’s Homepage – Is It Safe Now? appeared first on BeInCrypto.

As geopolitical tensions intensify and investor sentiment deteriorates, bearish pressure has continued spreading across Bitcoin’s spot and derivatives markets. 

The uncertainty surrounding global macroeconomic stability has led many market participants to take a risk-off approach, with the coin showing signs of vulnerability as the second quarter draws to a close.

Bitcoin Futures Turn Bearish

With the coin struggling to rally momentum around the $103,000 price mark, Bitcoin futures traders have increasingly positioned against the coin. 

According to Coinglass, the coin’s long/short ratio — a key measure of trader sentiment — has tilted heavily toward shorts since June 17, indicating a growing belief that BTC’s recent rally may be losing momentum. At press time, the ratio is 0.95, indicating more traders are betting against the altcoin. 

This ratio compares the number of long and short positions in a market. When an asset’s long/short ratio is above 1, there are more long than short positions, indicating that traders are predominantly betting on a price increase.

Conversely, as seen with BTC, a ratio below one indicates that most traders are positioning for a price drop. This reflects heightened bearish sentiment and growing expectations of continued downside movements in the short term.

Moreover, daily chart readings from BTC’s BBTrend indicator reinforce the bearish outlook. As BTC’s price momentum weakens, the green histogram bars on the indicator have steadily fallen in size, signaling a decline in buying pressure and a loss of bullish strength.

The BBTrend is used to gauge the strength and direction of price trends. It appears as histogram bars — green when the trend is bullish and red when bearish.

When the BBTrend turns negative or the green bars shrink, upward momentum is fading, and the asset may be entering a consolidation phase or facing a reversal. 

A consistently negative BBTrend suggests that selling pressure is dominating, increasing the likelihood of an extended price correction for BTC.

BTC Slips to Two-Week Low: Will Support at $102,000 Hold?

Yesterday, BTC’s price fell to a 15-day low of $102,345. Although it rebounded and closed at $103,297, bearish pressure remains, with the coin still down 2% over the past 24 hours.

If new demand continues to be limited, BTC’s price could extend its dip toward $101,520. Should the bulls fail to defend this critical support level, the asset could plunge further to $97,658.

On the other hand, if buying pressure strengthens, BTC could rebound and attempt a break above $103,952. A successful move past this level may open the door for a rally toward $106,295.

The post Will Bitcoin (BTC) Break Below $100,000 as Q2 Nears its End?   appeared first on BeInCrypto.

Back in 2008, Facebook changed the gaming industry overnight. Games like FarmVille and Mafia Wars went from zero to millions of players thanks to frictionless distribution, viral mechanics, and built-in social hooks. 

But the window closed quickly, and only a few saw it coming. Today, we’re at a similar inflection point. The platform this time? Telegram.

With nearly 1 billion monthly active users, Telegram is one of the world’s largest messaging platforms, and one of the most underestimated in terms of what it’s becoming. 

While known for its privacy-focused features, Telegram is becoming more powerful. It is crypto-native at the infrastructure level and is integrated directly with the TON blockchain.  

This integration means Telegram comes pre-equipped with a full-featured, yield-bearing wallet. For millions of users, especially outside the United States, Telegram Wallet already functions much like a bank account. It’s used to store assets, make purchases, and earn passive rewards.

This embedded financial layer opens new possibilities for developers, especially in web3 gaming. 

Instead of relying on third-party wallets like MetaMask or explaining complex onboarding flows, developers can launch experiences directly into an ecosystem where users are already transacting with crypto.

At GOAT Gaming, we’ve seen this impact firsthand. Players who spend using TON, Telegram’s on-chain wallet, spend four to ten times more than those who transact through Stars, Telegram’s fiat-linked in-app currency. 

These users aren’t just more comfortable with crypto. They’re more committed, more active, and more valuable.

How Telegram Turned Digital Gifts Into Real NFT Volume 

Telegram’s transformation accelerated earlier this year with the launch of collectible gifts. These limited-edition digital items can be sent, upgraded, and now traded within a native marketplace. Introduced in January, many of the first collections sold out in minutes. 

In May, Telegram expanded the feature by launching a resale marketplace powered by Stars, its in-app currency. Users can now buy, sell, or gift rare collectibles directly within chats. 

Creators also gain access to new features through community boosts and audience engagement. Upgraded gifts can be minted and traded as NFTs, allowing users to hold them as assets and participate in secondary markets without leaving the app.

The traction is already visible. As of June 9, 2025, Telegram Collectibles recorded $9.7 million in weekly NFT trading volume, according to a Dune dashboard tracking TON-based assets. 

By comparison, Ethereum NFTs saw $3.6 million in volume over the same period. The pace of adoption mirrors the early days of the 2021 NFT boom, but with one key distinction. 

There are no wallets to install, no dApps to navigate, and no bridges to cross.

Why We Believe Telegram Collectibles Will Replace Traditional User Acquisition

At GOAT Gaming, we’ve seen firsthand that Telegram Collectibles are far more than aesthetic add-ons. They’re becoming a foundation for community-driven marketing, referral loops, wallet onboarding, and player reactivation. 

These collectibles create both emotional and economic hooks. When a gift carries real value, users are more likely to engage.

This shift points to something bigger: a move away from performance marketing toward gameplay that drives acquisition and retention on its own. 

Collectibles do the heavy lifting, building connections, signaling status, and encouraging spending behavior in ways ads rarely achieve. 

Together, these elements create a seamless environment for digital commerce, social interaction, and ownership. They also make Telegram an increasingly viable platform for Web3 gaming to scale.

Game studios like GOAT Gaming are already experimenting with gifting mechanics that drive referral loops, reactivations, and real-time campaigns. 

In one recent example, we launched a Telegram-native raffle that offered gift rewards tied to gameplay actions. 

Within two weeks, the campaign had onboarded hundreds of thousands of players, driven tens of thousands of completed wallet connections, and created what would have cost hundreds of thousands in user acquisition spend through traditional channels.

This shift toward community-gated gameplay is already unfolding. We’re building new experiences that treat collectibles not as cosmetic profile flexes but as core infrastructure.

What Telegram Collectibles Are Really Unlocking for Game Developers

In our upcoming game, Underground Pepe, we’re giving real utility, from unlocking progression rewards to enabling gameplay features and signaling in-game status. 

Players join Pepe as he builds a chaotic underground empire, scheming, and stacking NFTs and Telegram Collectibles. 

They earn by operating their rug factory, reinvesting into more collectibles, and unlocking new gameplay loops that mirror Telegram’s trading, gifting, and meme-driven energy.

Ultimately, we believe Telegram has already laid the groundwork for what Web3 infrastructure should look like. 

For developers paying attention, Telegram already offers the infrastructure, reach, and engagement that most platforms are still trying to build. Ignore it, and you’ll miss Web3 gaming’s biggest player acquisition funnel in years.

The post The Telegram Collectibles Boom Is Web3 Gaming’s Next Big Play appeared first on BeInCrypto.

Prenetics, a US-based healthcare firm backed by football star David Beckham, is the newest corporate Bitcoin holder with a $20 million investment. This announcement caused its stock price to soar.

With this investment, Prenetics becomes the first publicly listed healthcare firm to invest in BTC. The company is mainly headquartered in Hong Kong and has multiple subsidiaries worldwide.

Prenetics Follows MicroStrategy With Bitcoin Bet

Over the last few weeks, a large number of corporations have been buying and holding Bitcoin, and the trend is growing. Sixty firms have already joined the global phenomenon, potentially creating a huge market impact.

Prenetics is the newest company to join in, purchasing $20 million in Bitcoin at an average price of $106,712.

“What excites me most is not just Bitcoin as a treasury asset, but the convergence we’re witnessing between healthcare innovation and blockchain technology. We’re at the dawn of a new era where genomics, personalized medicine, and digital assets will intersect in ways that could revolutionize how we approach human health, longevity and wealth,” claimed CEO Danny Yeung.

This is a high price for Prenetics to first buy into Bitcoin, but it’s been quite a profitable investment recently. Additionally, several companies have exhibited major stock price gains after becoming BTC holders.

Prenetics is no exception; its formal entry into the Web3 sector has already generated a 23% rally for company shares.

Additionally, it doesn’t seem like this Bitcoin acquisition is a limited experiment. The company recently appointed Andy Cheung, former COO at OKEx, to its Board of Directors.

Cheung has been in the space for over a decade, and his appointment symbolizes a long-term commitment.

Prenetics is the first healthcare firm to acquire Bitcoin, but it doesn’t plan to rest on these laurels.

The firm also employed two other crypto advisors to build this strategy, Token2049 founder Raphael Strauch and Tracy Hoyos Lopez, Chief of Staff for Strategic Initiatives at Kraken. Together, they have ambitious plans for Web3 growth:

“We now have the financial foundation to pioneer innovative treasury management approaches, including our historic Bitcoin treasury strategy. But this is just the beginning – we have the capital partnerships and conviction to build one of the most significant Bitcoin treasuries in healthcare,” Yeung added.

Additionally, although David Beckham is largely invested in Prenetics, he doesn’t seem personally involved in this Bitcoin plan. Still, the Football industry has been involved in crypto for years, and a famous French team began its own reserve last month.

Beckham’s association with the brand could help further encourage top-level sports professionals to invest in this industry.

The post David Beckham-Backed Healthcare Company Invests in Bitcoin appeared first on BeInCrypto.

If Bitcoin reaches $119,000 by the end of August, MicroStrategy’s (now Strategy) third-quarter earnings could‬‭ set‬‭ a‬‭ new‬‭ record‬‭ for‬‭ a publicly traded company’s‬‭ highest‬‭ quarterly‬‭ profit‬‭ in‬‭ financial‬‭ history‬‭. This impressive figure would easily top Nvidia’s earnings and approach Apple’s record.

As Bitcoin gains widespread acceptance, it prompts the question of whether major players will adopt Strategy’s plan by the book. According to Brickken analyst Enmanuel Cardozo, it depends. Though Strategy’s current achievements are impressive, the quality of its long-term health comes into question.

Could MicroStrategy’s Bitcoin Gains Top Tech Giants?

Michael Saylor’s aggressive Bitcoin plan for Strategy (formerly MicroStrategy) continues to remain strong through sunshine or rain. For now, it shows no signs of slowing. With ‭ 592,100‬‭ Bitcoins on its balance sheet, Strategy is the biggest corporate holder worldwide.

As Bitcoin’s price continues to climb, so will Strategy’s overall earnings. This large-scale success has already led several publicly traded companies to follow suit. The question is whether other corporate giants will also take the leap and purchase Bitcoin.

If Bitcoin closes Q3 above $119,000, and Strategy has 592,100 bitcoins acquired at an average cost of $70,666 each, Strategy’s estimated quarterly net earnings would be approximately $28.59 billion. 

This figure would exceed Nvidia’s highest reported quarterly net income of $22.091 billion, making it Strategy’s largest quarterly earnings and a significant outlier among many publicly traded tech companies.

Since Strategy uses fair value accounting for its Bitcoin, it directly reflects these gains in its net income. If Bitcoin’s price continues to rise beyond this level, Strategy’s earnings could potentially challenge Apple’s current record-setting quarterly net income of $36.33 billion.

Could this unprecedented success generate a fear of missing out among other competitors?

To Buy or Not to Buy

Cardozo expressed excitement over how such a scenario could generate further Bitcoin adoption by other corporate trailblazers.

“With [Strategy’s] 592,100‬‭ BTC holdings, other companies might feel the need to finally jump in, especially as‬‭ Strategy’s performance is outpacing traditional metrics. That kind of success won’t go‬‭ unnoticed and will eventually push their boards to at least explore Bitcoin to keep up,” he told BeInCrypto.

‭Some of Bitcoin’s advantages over assets may even appeal to companies with massive earnings, like Nvidia or Apple.

“There’s a solid case for tech giants like Apple and Nvidia to diversify into Bitcoin, and I’m loving‬‭ the possibilities here. On the pro side, Bitcoin is built as a perfect hedge against fiat devaluation‬‭ because of its limited supply and decentralized nature,” Cardozo added.

However, a playbook like Strategy’s comes with many risks, and it’s not a one-size-fits-all win—even for Strategy itself.

Strategy’s Financial Health: A Deeper Dive

While Strategy has seen significant profits from holding Bitcoin, these gains primarily stem from a tax advantage, not from its core business operations.

“These gains, driven by fair value accounting, aren’t cash in hand like Apple’s billions from‬‭ iPhone sales, they are paper profits tied to Bitcoin’s price. Investors and analysts should see‬‭ this as a speculative boost, not a sign of operational strength, and focus on cash flow and debt‬‭ to gauge real business health,” Cardozo explained.

Effectively comparing Strategy’s net income to other characteristics like cash flow and debt indeed reveals more about the problems that may lie ahead for the company, especially if Bitcoin’s price were to decline steadily. 

According to the firm’s most recent SEC filings, Strategy reported its outstanding debt amounted to $8.22 billion as of March 2025. It also had a negative cash flow of -$2 million, representing a significant decline year over year. 

Though these numbers make sense considering Strategy’s aggressive Bitcoin buying, they also demonstrate that the company’s core software business is not generating enough cash to cover its expenses. Strategy said so itself in its latest filing.

“A significant decrease in the market value of our Bitcoin holdings could adversely affect our ability to satisfy our financial obligations,” read the statement.

It must issue debt and new equity to raise capital to continue its strategy. The plan is risky, to say the least. 

Is Bitcoin Right for Every Company?

Given that Strategy’s main income comes from its Bitcoin purchases, Cardozo argues that other companies should carefully consider their financial position before taking a similar approach.

“Analysts should weigh this against operational‬‭ metrics; a company living on unrealized gains is riskier by nature. I think it’s an innovative‬‭ strategy, but for long-term health, especially for traditional businesses, cash-generating‬‭ operations beat paper profits any day, investors should keep that in mind,” he said.

However, as Bitcoin increasingly symbolizes technological innovation, companies aligning with this principle might feel pressured to embrace it. They wouldn’t need to acquire nearly 600,000 Bitcoins, like Strategy, to make such a statement. 

They also have a resilient enough treasury to break a fall.

“I’m pretty confident that Apple and Nvidia will eventually invest into Bitcoin,‬‭ especially with its current track record over the last 10 years,” Cardozo said, adding, “their treasuries could handle a small 1-5% allocation, and not only be hedged against inflation‬‭ but also as a branding move since they represent the very image of innovation which will also‬‭ pressure them to do so eventually.‬”

Yet, ultimately, companies like Apple and Nvidia cater to different customers. Adding Bitcoin to their balance sheets may cause them to lose clients.

The Sustainability Question for Bitcoin Adopters

It’s no secret that Bitcoin mining is extensively damaging to the environment. Strategy, through its Bitcoin acquisitions, directly contributes to the high energy consumption levels associated with the industry.

“‬Bitcoin’s annual energy consumption is equivalent to a mid-sized country and of course it’s a‬‭ conflict right off the bat with Apple’s 2030 carbon neutrality target and Nvidia’s renewable‬‭ energy push,” Cardozo told BeInCrypto. 

These companies could risk damaging their public image by associating with an industry that conflicts with their own Environmental, Social, and Governance (ESG) goals.

“‬Customers and activists might pressure them, seeing it as greenwashing, especially with‬‭ sustainability being a big part of their public image… they could align Bitcoin with their ESG goals and keep their image intact as Bitcoin‬‭ mining becomes more sustainable than traditional banking’s legacy system,” Cardozo added.

Ultimately, while the allure of Bitcoin’s gains might pressure tech giants like Apple and Nvidia to follow Strategy’s lead, such a consideration may cause these companies more problems than profits.

The post MicroStrategy Can Post Record Earnings in Q3 Amid New Bitcoin Prediction appeared first on BeInCrypto.

The crypto community is very concerned after a research team discovered leaks adding up to 16 billion compromised passwords and login credentials. These breaches impact major Internet platforms of every type.

This team did not specifically mention crypto exchanges, but crypto-adjacent platforms like Telegram were thoroughly compromised. Users are encouraged to remain vigilant, avoid keeping passwords on the cloud, and strictly keep their seed phrases on paper.

Monumental Password Leaks Terrify Crypto

Digital security is very important for the crypto community, especially given the huge prevalence of hacks. However, this recent password leak did not come from a major hack, per se.

According to a report from Cybernews, the firm’s research teams identified 30 exposed datasets assembled by info thieves.

“This is not just a leak, it’s a blueprint for mass exploitation. With over 16 billion login records exposed, cybercriminals now have unprecedented access to personal credentials that can be used for account takeover, identity theft, and highly targeted phishing,” analysts claimed.

The reports further suggested that the 16 billion passwords covered websites of all kinds, from social media to banks and even VPNs. All this data was fresh and apparently crowd-sourced, laying the groundwork for future crimes.

Obviously, the crypto community was extremely concerned about this development. If the leaked passwords were as diverse as the report claimed, could they include seed phrases or exchange logins? Can crypto users be certain that their tokens are safe?

Paolo Ardoino, CEO of Tether, advertised his company’s new project to protect user passwords:

The cloud has failed us. Again.
16 billion passwords just leaked.
It’s time to ditch the cloud.

That’s why we’ve been building PearPass — coming soon.

A fully local, open-source password manager. No cloud. No servers. No leaks. Ever.

Just you — and your keys, stored securely… https://t.co/FkL1wrdpCo pic.twitter.com/wynlieJ2E4

— Paolo Ardoino (@paoloardoino) June 19, 2025

Still, there’s a good amount of catastrophizing over this incident. Researchers referred to this as a massive “leak,” not a hack, because it wasn’t a single breakthrough that exposed these passwords.

These credentials were assembled through a huge string of smaller breaches, many of which targeted cloud services.

In other words, users who don’t store passwords on the cloud may be more protected from these leaks. As far as the crypto community is concerned, some basic security measures, like keeping your seed phrase written on paper, would totally prevent theft.

Still, this incident is a reminder that crypto users must remain vigilant of potential hacks.

The post Apple and Google’s 16 Billion Data Leak Could Trigger Major Crypto Hacks appeared first on BeInCrypto.