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Circle CEO Jeremy Allaire predicts a quick rise of the stablecoins. The man's company runs second largest stablecoin out there - our beloved USDC - so it's not a surprise Allaire is bullish. But he has some rather interesting arguments. Allair took to X to reveal four reasons why he is 'more optimistic about crypto and stablecoins than ever before.' According to Circle's chief, stablecoins could account for 10% of “global economic money” over the next ten years. The biggest reason for that would be the adoption by most of the world’s largest payments companies. They are actively using stablecoins and trying out the benefits of blockchain for their business. We're talking about 'billions market', Allaire thinks. He also claims that unleashing digital dollars on blockchains can fulfill the promise of banking the unbanked. Remittance costs will be lowered and seamless cross-border commerce will become available for everyone, said Allaire. Of course, all of that means global crypto adoption, including Bitcoin and leading altcoins. But Circle's chief predicts that stablecoins will become an increasingly accepted form of digital money. According to Allaire, stablecoins will make up a “larger and larger portion” of the world’s $100 trillion market for electronic money within the next 10 years. Analysts note that for Allaire’s 10% prediction to come true by 2034, the stablecoin market would need to grow at least at a compounded annual growth rate of 47.7%. As of now, USD Coin (USDC) — a U.S. dollar stablecoin issued by Allaire’s Circle — currently has a $32.8 billion market cap. It's the second largest stablecoin in the world behind Tether's USDT.

There is an 'insane' amount of Bitcoin shorters who are hoping BTC isn't going up, analysts say. If BTC reaches $70,000 again, the shorters will loose a staggering $1.67 billion. Short positions are a pretty effective ways to make money. But only if you can predict the price movements right. A vast number of traders made a substantial bet on Bitcoin staying lower than $70,000, according to CoinGlass data. That price mark hasn't been reached for weeks now. And Bitcoin short sellers are probably crossing their fingers in hopes that doesn't change, with a huge amount of liquidations at risk if it does. Analysts' estimates show there is $1.67 billion of short positions that will be liquidated if Bitcoin returns to $70,000. One of the analysts even called this 'an insane amount of money'. And most analysts are confident that the 7% hike will make the massacre imminent. “Markets are incredibly bullish right now. Bitcoin and ETH Liquidations are stacked. Bounce imminent,” says Joshua Jake, CEO of Discover Crypto. According to analysts from the onchain data resource Woobull, a major liquidation wipeout will better position Bitcoin to reach new all-time highs. “We need a solid amount of liquidations still before we get the all clear for further bullish activity,” they say. Most recent predictions from analysts and bull, like Michael Saylor, state that Bitcoin will rise significantly. Short seller will get hurt badly, it that's true.

Dogecoin whales have been shaving off their holdings over the past year, on-chain data shows. Usually, it's a bearish sign. But in case of Dogecoin there is a catch. Market intelligence platform IntoTheBlock shared some interesting data. It turns out that DOGE whales have lost supply share to other holder groups recently. Each of the so-called whales carry over 1% of all DOGE circulating supply in their balance. A year ago the whales controlled 45.3% of DOGE. Now they've got only 41.3% at their disposal. Retail and mid-sized investors now hold a larger share of the total supply, analysts explain. As for these definitions, mid-size investors are those having between 0.1% and 1%. Retail investors are the small fish with 0.1% and less. On one hand, the whales’ reduced holdings suggest that big investors have lost interest in Dogecoin. That's a clearly bearish sign. Whales are the most influential users of the token. Their collective behavior might sometimes directly impact the price. On the other hand, the redistribution of the supply to smaller holders could be positive for the health of the DOGE ecosystem. Blockchain is supposed to be decentralized by its nature. Many blockchain purists are angry with the global processes occuring in Bitcoin mining or Ethereum staking. The former is getting occupied by just a couple of large mining companies. The latter is endangered by huge entities, having more than half of ETH staked under their control. So for Dogecoin, becoming less centralized means getting more charm in an old fashioned blockchain way.

Coolpad, a Chinese telecom giant, is entering the world of Bitcoin mining. Quite an unexpected move for a company that is known for cheap mobile phones and accessories. Anyway, Coolpad has just announced it will acquire 2,700 Bitcoin mining servers from Hong Kong-based JingYun Intelligent Technology. That's up to 1,504,800 TH/s of mining capacity. Coolpad is spending $13.5 million for this purchase. The rigs will be installed in a yet undisclosed locations in North America. That's pretty understandable, as Bitcoin mining is prohibited in China. The Shenzhen-based company has already made some moves into crypto space. In May, Coolpad announced a $28 million investment plan to purchase shares in some crypto asset companies, including CleanSpark, ARK 21Shares Bitcoin ETF, Bitwise Bitcoin ETF, Grayscale Bitcoin Trust, and Hashdex Bitcoin Futures ETF. Coolpad isn't the only telecom company to enter Bitcoin mining recently. T-Mobile Deutsche Telekom will start mining Bitcoin this year. German company has been operating a Bitcoin node since 2023. This year the company launched its own Bitcoin Lightning Network nodes. And now the bigger anouncement was unveiled. Speaking at BTC Prague, Dirk Röder, head of Web3 infrastructure and solutions at Deutsche Telekom, confirmed that the communications giant will start mining Bitcoin.

Billionaire Arthur Hayes has recently predicted that Aptos will flip Solana over the next few years. Now as Solana suddenly starts to stumble, we are wondering if Hayes had a point. Solana has fallen by 1.5% in the past 24 hours. SOL slipped to $143.28 together with the whole market. But while Bitcoin and Ethereum are keeping pretty stable prices for quite a prolonged period, called accumulation, Solana is pretty much nosediving. SOL, which is the market’s fifth-biggest coin by capitalization, is down by 10% in a week and 18% in a month. Some analysts say, there is a positive side of this as it looks like a bottom out. So they expect Solana to show some bullish sentiments in the near future. They encourage everybody to buy SOL now. Hopefully, the token is about to rebound. There is no strong evidence to that sentiment, except for a fact that Solana trading volume has lifted from just over $1 billion a day ago to $1.5 billion yesterday. On the other hand, skeptics might say that was probably a whale sale. Which might again bring us to the idea of Solana struggling for real, rather than just regrouping for the next rebound. Solana still remains the second most popular altcoin on the market, slightly trailing behind Ethereum. Solana has been recently adopted by Visa and PayPal. These financial giants praise Solana for its blazing speed and low costs of transactions. According to some pretty convincing rumors, Solana might be the next crypto to be approved for ETFs by SEC. And that might bring Solana to a price hike. But there is an alternative opinion. BitMex founder and a billionaire Artur Hayes is very skeptical. He claims Solana will be soon overtaken by other altcoins. Hayes is particularly fond of Aptos, dubbed as 'Solana killer.' That sounds pretty wild, as most of us probably haven't heard of Aptos at all. We'll have to wait and see if Hayes has a point.

Stablecoin transfer volume increased 16x during past 4 years. That could be a sign of growing adoption for a maturing crypto industry, analysts say. According to Token Terminal data, in April 2024 the monthly stablecoin transfer volume reached a record high of $1.68 trillion. This is roughly a 16-fold increase over $100 million in October 2020. There were over 31.1 million total monthly active stablecoin users that made over 353 million transactionsin April, according to Visa’s stablecoin dashboard. The cumulative market capitalization of all stablecoins sits at over $162 billion. An impressive number, especially when compared to $130 billion on Jan. 1 2024, as DefiLlama data shows. That is a strong signal. Crypto industry is getting more matured, investors's conviction is growing. And that means more incoming capital. To a certain degree, stablecoins' success is no less important than Bitcoin's peak price. Stablecoins are the main bridge between the traditional financial system and the crypto world. Crypto enthusiasts often say that Bitcoin might be the crypto gold, Ethereum might be the crypto silver, yet stablecoins are the blood in the veins of the market. The more people are ready to use stablecoins for their everyday financial activities, the more blockchain adoption we might see in the future.

Ethiopia takes first step toward a central bank digital currency (CBDC) in a revolutionary economic reform. The country plans to have a legal framework and regulatory sandbox in place for CBDC introduction. The National Bank of Ethiopia (NBE) has prepared a proclamation that includes the establishment of a legal framework for introducing CBDC. The policy changes foreseen by the NBE Proclamation include creating a legal framework for a CBDC. Other measures described in the document include increasing the NBE’s capital and creating a legal basis for consumer protection. The bank also expects that CBDC implementation will require some liberalization of foreign investment in banking. NBE also thinks about a regulatory sandbox for innovative financial solutions. The Council of Ministers has approved the proclamations and will soon be introduced into the House of Representatives. Talking about CBDCs may be a next significant step in economic liberalization of Ethiopia. The country already uses blockchain-based digital infrastructure for large government payments. Several African countries are pushing for crypto adoption. Even such a barrier as low internet penetration can't stop them. Those experiments aren't always fast and a 100% successful. For example, Nigeria launched its own CBDC called eNaira in 2022. The Central African Republic adopted Bitcoin as a currency and launched a non-CBDC government cryptocurrency called the Sango. Yet, there are no news on the Sango currency really working, as of now. Zimbabwe has recently started to use a government-issued gold-based token as the foundation for the introduction of the latest currency.

Hashdex has filed for a combined spot Bitcoin and Ethereum ETF in the United States. If approved, this might be a revolutionary tool to promote cryptocurrencies into financial world. Building on recent SEC crypto fund approvals, crypto asset management firm Hashdex wants to make a major step nobody has foreseen. We now have Bitcoin ETFs, we will soon have Ethereum ETFs. But joint ETFs that directly hold both of the leading cryptocurrencies will be a major shift. According to the filing submitted to Nasdaq, the ETF will include cash holdings, with Coinbase Custody and BitGo designated as custodians. Interestingly, the fund would primarily hold Bitcoin (70.54%) and Ethereum (29.46%), mirroring the relative weightings of these two dominant cryptocurrencies on the market. It is also noted that the index could potentially incorporate additional crypto assets in the future. To be included, the asset would need to meet specific criteria, for instance, to be listed on a U.S.-regulated platform or serving as the underlying asset for a derivative instrument on such a venue. As we all remember, Bitcoin ETFs were approved by SEC in January. That resulted in a significantly fast surge, followed by halving, which also helped BTC gain bullish momentum. As for Ethereum ETFs, SEC's Gary Gensler said the that he anticipates that they will begin trading this summer. Hashdex's previous efforts to transition its Bitcoin futures ETF to one holding physical BTC directly went south. The company was unable to secure approval before its competitors' launch in January.

Bitcoin whales accumulation reaches 2-year high. At the moment, we have a previously unseen number of wallets holding 10 or more BTC. Whales are one of the most important indicator of whether the market is bullish or bearish. Some negative sentiment in the last weeks could suggest the bullish momentum has vanished. But if we take a look at the whales accumulation, this seems kind of funny. Largest Bitcoin investors keep accumulating as if there were no price volatility. The number of wallets containing 10 or more of the flagship coin has reached a record high. According to blockchain analytics firm Santiment, the number of these significant holdings has peaked at a level not seen since 2022. On-chain data shows that the number of wallets with 10 or more BTC now controls an astounding 82% of supply. This a clear indication that BTC has solid foundational support going forward, which is consistent with the general optimism in the market. There has been a clear correlation between the total market value of Bitcoin and the wallets holding more than 10 BTC, analysts say. Whales accumulation of the flagship coin can be an indication of optimism. And optimism, as we all know, very often leads to additional price growth. It's worth mentioning that some analysts thinks whale movement is overrated and can't be perceived as reliable indicator of market trends. They claim these data is sometimes noisy and essentially act as social media engagement bait.

There is a new star on the crypto sky. A new AI trading bot meme coin project called WienerAI (WAI) has just raised an eye-watering $6 million at presale. Some might say WAI looks very similar to famous cybernetic sausage dogs DOGE, SHIB, FLOKI and BONK. But in fact it WAI is a totally different animal. WienerAI is a project that aims to be the most advanced beginner-friendly trading bot in crypto. The developers call it a “Revolutionary AI Trading partner.” It is user-friendly, provides AI-enhanced trading, seamless swap functionality and zero fees. Using it is just as simple as any other chatbot out there. All you need to do is just ask a question like “what’s the best meme coin to invest right now?” and WienerAI will momentarily answer. It uses complex data analysis, using predictive technology to find next crypto winners. The chatbot is also capable of fast and efficient token swaps. It uses best prices it can find on different DEXs. The developers claim WienerAI is smarter and faster than traditional MEV bots, which are based on basic arbitrage scripts. A whopping $6 million on presale is quite a result. It shows great interest that investors have towards WienerAI. That's second AI token that has risen significant money recently. The first one was AI security token Scotty the AI (SCOTTY), which ended its ICO with over $10 million. So investors have interest and faith in AI tokens. AI's integration with crypto is growing, and we are on the verge of the new era