BeInCrypto Brasil

Bitcoin has faced a period of low volatility but has maintained a safe price range recently. However, changes in investor behavior and historical patterns indicate that a more negative outlook may be forming.

Although the asset has remained relatively stable, it may soon face obstacles that result in a significant price adjustment.

Currently, market sentiment regarding Bitcoin seems to be driven by investor optimism. Unrealized profits have surpassed the threshold of +2 standard deviations (SD), signaling that BTC is entering a phase of euphoria. Historically, whenever this indicator crosses this level, the asset records a short-term appreciation, often followed by sharp corrections.

The total value of the cryptocurrency market (TOTALCAP) and Bitcoin (BTC) has remained virtually unchanged, with the latter staying above $105,000. FARTCOIN has fallen 7% in the last 24 hours, showing the worst performance of the day.

In today's news (4):

Pump.fun is reportedly preparing to launch its token, aiming to raise up to $1 billion in initial sales. The sale could value the token at $4 billion, with participation from private and public investors, although no official date for the launch has been set yet.

Recent advancements in quantum computing have raised concerns among Bitcoin investors, generating speculation about a potential market collapse. But could a technological leap in this field really drive the price of BTC to zero?

By mid-2025, the most realistic forecast indicates that a concrete threat may emerge between 2030 and 2035. During this period, specialized machines, cloud services based on quantum computing, and new software layers are expected to emerge. Still, domestic use of these technologies is not anticipated, just as classic supercomputers do not occupy residential rooms.

The month of June is one of the most important for the crypto market, with some of the main events in the sector taking place at this time of year. In addition to being an important meeting point for relationships and networking between consumers and brands, crypto events often organize debates and panels featuring executives and leading figures in the sector.

Thus, whether in Brazil or around the world, statements from important figures in the market can guide attitudes and strategies of individual and institutional investors, even influencing the price of major cryptocurrencies.

The Pump.fun platform, based on the Solana blockchain, confirmed that it will launch its own token, with plans to raise up to $1 billion in initial sales. The expected market value of the token is $4 billion.

The Pump.fun token will be offered to private and public investors, with the sale possibly occurring in the coming weeks, although an official date has not yet been announced.

Technical details have also not been disclosed, which keeps some uncertainty about the terms and structure of the digital asset.

The President of the USA, Donald Trump, is reportedly launching a new crypto wallet in partnership with Magic Eden. It seems that users will also be able to participate in an airdrop worth $1 million in TRUMP tokens.

There are still not many specific details available about the project, but Magic Eden's participation has been confirmed. Trump shows a continued interest in the NFT market, having made new releases last month, which may justify the choice of the platform.

Kaito is one of the leading distributors of on-chain benefits according to a survey by Dune Analytics. The artificial intelligence and Web 3.0 platform has surpassed $74 million in airdrops, benefiting over 5.7 million wallet investors.

The platform's token, KAITO, has recovered over 150% since the beginning of May. Additionally, Dune's analysis indicates that this increase in participation occurs through staking, a rewards strategy for transitions.

Over 28 million tokens are now staked, representing more than 10% of the supply. The survey indicates that platform users seek greater exposure to airdrops, when an exchange distributes coins for free, and yield through processes like farming and staking.

Strategy, formerly known as MicroStrategy (MSTR), announced plans to issue 2.5 million shares of Series A Perpetual Preferred Stock (STRD), with a yield of 10%, to raise capital intended for expanding its Bitcoin reserves and strengthening working capital.

The company aims to raise approximately $250 million with the initial public offering (IPO), considering an initial liquidation preference of $100 per share. Meanwhile, other companies are also advancing in treasury initiatives with Bitcoin in various regions.

The Strategy model, which captures resources in public markets to form a large treasury in crypto assets, is beginning to be replicated beyond Bitcoin.

Two recent initiatives indicate a growing trend of public crypto vehicles (PCVs) focused on altcoins. The movement raises questions about motivations, sustainability, and the next steps in the institutional adoption of these assets.

Yesterday (2nd), BitGo announced a strategic partnership with VivoPower, a company that has recently adopted a strategy focused on digital assets with an emphasis on XRP.

The expectation of a new token from Pump.fun grew after Bybit changed the ticker PUMP to PUMPBTC, fueling speculation about a possible official launch from the platform.

This launch can occur in two ways: a large airdrop or a Liquidity Bootstrapping Protocol (LBP). Both have advantages and disadvantages, but the community still lacks further information.

Pump.fun, the memecoin launch platform, has not publicly commented on these token rumors. However, both the memecoin market and the platform's dominance in the sector have decreased in the past month, possibly requiring a new major initiative.

Starting July 1st, cryptocurrency exchanges will be required to report transactions over $1,000, as mandated by the Travel Rule, a global regulation that affects Bitcoin and other cryptocurrency transactions.

In Chile, where the crypto asset market is regulated, the measure will require the sending of data such as the names of the sender and the beneficiary, as well as the destination address of the funds. The new rule promises to impact users who prioritize anonymity in digital transactions.

Peter Brandt, a veteran trader with over 40 years of experience, recently shared an analysis of the possible correlation between the price of gold and Bitcoin.

In a post on X (formerly Twitter), Brandt displayed charts of the two assets and suggested that gold may be reproducing a technical pattern similar to that observed in BTC in 2024. Comparisons between traditional assets and crypto assets are rare, making this analysis particularly relevant for the sector.

Technical pattern indicates an expanding inverted triangle

Méliuz communicated to the market and took a new step in its financial strategy by announcing a fundraising effort aimed exclusively at the purchase of Bitcoin. The company intends to reinforce the use of BTC as the central pillar of its treasury policy, marking a significant change in corporate positioning.

According to the announcement, the company will launch a primary public offering aimed at professional investors. Initially, Méliuz will offer 17,006,803 shares, with an indicative value of R$ 150 million, at a price of R$ 8.82 per share — according to the market closing price on May 29.

Binance announced today (3) the second season of the Binance Traders League, its main global trading tournament. The competition will have a total prize pool of up to $1.8 million. Among the new features are the launch of the Trader’s Passport and the formation of regional teams, created to encourage healthy competition and increase user engagement.

Pre-registration for the competition is already open and will continue until June 8. The official activity period runs from June 9 to July 6. The contest includes individual and team challenges in the spot market, with unprecedented resources and a specially redesigned page, which now features shareable widgets to enhance participants' experience.

Bitcoin (BTC) has been struggling to sustain upward momentum after reaching the historical record of $111,917 on May 23. Since then, the leading cryptocurrency has entered a phase of correction and consolidation, with the price fluctuating around $105,000 in recent days.

Despite this cooling off, on-chain metrics indicate that Bitcoin miners are showing no signs of concern. Their behavior reveals a growing confidence in a potential upward movement, and this analysis details the reasons.

HBAR, the native cryptocurrency of the Hedera Hashgraph network, recently recorded a significant drop, further deepening the downtrend that has already been extending for several weeks.

The most concerning technical indicator for HBAR investors at the moment is the formation of a 'Death Cross,' which occurred at the end of May. This is the second time, in just six weeks, that the coin has presented this bearish pattern. The 'Death Cross' occurs when the 200-day Exponential Moving Average (EMA) crosses above the 50-day EMA, signaling a possible negative reversal.

The total value of the cryptocurrency market (TOTALCAP) and Bitcoin (BTC) did not have a significantly optimistic day but managed to close in the green. Altcoins, on the other hand, showed different performance, with gains led by SPX6900, which recorded an increase of 11%.

In today's news (3):

Two attacks on crypto projects were reported this Monday, targeting Force Bridge from Nervos Network and the BitoPro exchange from Taiwan. Estimated losses are $3.7 million for Force Bridge and $11.5 million for BitoPro. A suspicious address took control of the Nervos bridge, while the exchange faced a distinct security breach.

Pi Network faces growing concern from investors, mainly due to the constant decline in the number of active participants. In the last month, the altcoin recorded a predominant movement of exits, with few new additions to the network.

This stagnation in the growth of the investor base may represent a red flag for the future price trajectory of the cryptocurrency.

Recent data from the Holderscan platform indicates that Pi Network has been struggling to retain its audience. During the analyzed period, the altcoin observed recurring exits, keeping the total number of investors around 14,952. Despite occasional fluctuations, the lack of new entries reinforces a climate of uncertainty.

The Ethereum Foundation has restructured its core development division, cutting some staff amid plans to refine the development of its ecosystem.

This change marks its most significant internal alteration since the announcement of a co-executive leadership model three months ago.

Ethereum Foundation reduces team

In an update released on Monday (2), the Ethereum Foundation announced that it has renamed its Protocol Research and Development (PR&D) team to “Protocol”. Additionally, it has let go of several collaborators or staff members.

Jerome Powell's speech at the anniversary conference of the Fed's International Finance Division (IF) subtly signaled the central bank's growing openness to easing monetary policy. This potential change caused Bitcoin (BTC) to surge above $105,000.

Meanwhile, the Federal Reserve (Fed) continues to face political pressure from President Donald Trump, who advocates for interest rate cuts. This dispute has generated speculation about Powell's possible resignation.