GameStop stock on watch after buying 4,710 BTC

Chainlink price moved sideways on Friday, but the ongoing whale activity and technicals point to an eventual rebound. Chainlink (LINK) was trading at $14.20, where it has stalled over the past few days. This price is about 45% above its lowest level this year. Whale activity suggests that the coin may stage a strong comeback in the coming days. Santiment data shows that large investors have been accumulating LINK over the past few months. Investors holding between 100,000 and 1 million coins now own 173 million LINK, up from a low of 143 million in November last year. Their holdings have increased by 30 million coins, currently valued at approximately $420 million. Whales with between 1 million and 10 million coins have increased their holdings to 203 million from 183 million in February. Chainlink whales | Source: Santiment Additional data shows that the supply of LINK tokens on exchanges, as a percentage of total supply, has continued to decline. It has dropped from 21% in March to 19%, its lowest level since March 13. LINK supply on exchanges | Source: Santiment A drop in exchange balances is typically a bullish signal, suggesting that holders are moving tokens off exchanges and are less likely to sell. In most cases, supply increases on exchanges when holders prepare to liquidate positions. A likely catalyst for Chainlink is its partnership with major institutions like Swift and the Depository Trust & Clearing Corporation. DTCC is exploring the use of Chainlink’s Cross-Chain Interoperability Protocol to modernize mutual fund data dissemination. This is significant, as DTCC processes more than $3.7 quadrillion annually. Swift also wants to use Chainlink’s solutions to move tokenized assets by large financial services companies globally. Like DTCC, Swift Network handles over $150 trillion annually. You might also like:Swift, UBS, and Chainlink pilot blockchain tokenized fund Chainlink price technical analysis LINK price chart | Source: crypto.news The 12-hour chart shows that LINK has rebounded in recent weeks, rising from a low of $9.9720 in April to around $14. It is now trading above the 50-period moving average. The coin formed a falling wedge pattern, a popular bullish reversal sign. It has also formed an inverse head and shoulders pattern. LINK will likely continue rising as bulls target the next point at $20, up by 30% above the current level. You might also like:Red alert: Ethereum price crash to continue as rare pattern forms

Dubai is breaking new ground in property investment with the launch of the Middle East’s first tokenized real estate platform, Prypco Mint. According to a May 25 report from Gulf News, the initiative is being spearheaded by the Dubai Land Department and aims to make property investment more accessible. The pilot platform allows UAE residents to invest in real estate with as little as Dh2,000. Prypco Mint is being launched in partnership with blockchain firms Prypco and Ctrl Alt and is backed by the Virtual Assets Regulatory Authority, the Central Bank of the UAE, and the Dubai Future Foundation. Zand Digital Bank is acting as the banking partner during the trial phase. Through the platform, users can buy fractional ownership in ready-to-own Dubai properties via the website mint.prypco.com. Transactions are currently limited to UAE dirhams, with no crypto payments permitted in the pilot. You might also like:Ripple and BCG report: Global asset tokenization could reach $18.9t by 2033 The protection of investors is a top priority. All funds are stored in regulated client money accounts that are monitored by the Central Bank, VARA, and DLD. The funds are only released after all transactions are finished. In order to guarantee equitable pricing, every listed property must also pass a regulatory review. Returns for investors are expected to come from both rental income and any appreciation in the value of the property. Investors will hold a legally recognized share of ownership registered under DLD oversight. The DLD estimates that tokenized property assets could make up 7% of Dubai’s real estate market, roughly Dh60 billion, by 2033. The program is currently only available to UAE citizens, but it is anticipated to grow globally in subsequent stages. Dubai continues to position itself as a global leader in regulated digital asset innovation. This rollout follows Dubai’s earlier moves in March to tokenize real estate, attract global blockchain firms, and ease access to property ownership. It also comes on the heels of recent initiatives like enabling crypto payments for government services through a partnership with Crypto.com.  Read more:Dubai VARA gives VASPs until June 19 to comply with new rulebook guidelines

Bitcoin is back above $103,000 and the largest crypto is eyeing a re-test of all-time highs above $109,588. At a time when nearly all tokens in the top 100 cryptocurrencies ranked by market cap are in the green, the market is abuzz with the debate of whether to stay or sell and go away in May? Millionaire exits are not uncommon in crypto and the meme coin bull run in 2024 was marked by Solana-based (SOL) meme token exits by traders. As Bitcoin (BTC) eyes a return to its all-time high, riding on the bullish sentiment from recent catalysts, macroeconomic certainty, U.S. trade deals with the UK and China and rising institutional demand and acceptance of stablecoin and BTC, a crypto exit plan is more relevant than ever before this cycle.  Table of ContentsMeme coin millionaire’s missed exitStay in May or sell and go away?Bitcoin and altcoin summer outlook Expert commentary Meme coin millionaire’s missed exit Glauber Contessoto, popular as the Dogecoin (DOGE) millionaire, who maxed out credit cards and spent his savings to buy $250,000 worth of DOGE in February 2021. Contessoto has also gained notoriety as the man who once held nearly $3 million in DOGE and lost his gains when the crypto market tanked in 2022.  Contessoto inspired fast-acting traders to take profits when the token nears a potential peak. On-chain data from Santiment shows that for the top three meme coins, DOGE, Shiba Inu (SHIB) and Pepe (PEPE), over the past year, a large volume of traders have realized gains close to, or soon after a local top.  The large spikes in profit-taking nearly coincide with local tops as seen in the chart below:  Dogecoin, Shiba Inu and Pepe network realized profit/loss and price | Source: Santiment It is therefore becoming increasingly necessary to take profits near local tops, typically alongside Bitcoin’s local tops, as seen in the price chart below.  Bitcoin, Dogecoin, Shiba Inu and Pepe price chart | Source: TradingView You might also like:Bitcoin slows down near $104,700 as price consolidates inside a range Stay in May or sell and go away? There is a popular stock market theory that says the market tends to underperform in the six months between May and October, leading to the old adage of “Sell and go away in May.” The same does not stand entirely true for cryptocurrencies as the category of tokens is more prone to volatility and price swings, relative to the stock market.  With Bitcoin back above the $100,000 milestone, a successful implementation of Ethereum’s Pectra upgrade and the rising stablecoin volume, it doesn’t look like the crypto sector will slow down.  Bitcoin could revisit its all-time high and Ethereum could rally nearly 20% to re-test its psychologically important $3,000 level in May 2025. Meme coins, AI tokens, utility tokens and altcoins could begin their recovery soon, following in Bitcoin’s footsteps as institutional investors show interest in relevant sectors in the crypto market.  Selling and going away may not be the best bet, when staying put, or taking profits adds more value to traders’ portfolios.  Bitcoin and altcoin summer outlook  Bitcoin monthly returns chart from Coinglass shows BTC has yielded gains for holders between 3-5 months from June to December of 2023 and 2024. If history repeats itself in the ongoing cycle, Bitcoin holders could identify opportunities to realize gains on their BTC holdings or rotate into altcoins during H2 2025, or following a re-test of the previous all-time high.  Bitcoin monthly returns | Source: Coinglass If Bitcoin revisits its all-time high, over 97,000 wallet addresses holding nearly 108,000 Bitcoin tokens would turn profitable, likely to result in profit-taking and higher selling pressure for BTC.  Global In/out of the money | Source: IntoTheBlock On May 13, Tuesday, earlier this week, the altcoin season tracker climbed to 67, the highest level in 2025. The last time the index hit this level was in December 2024. The index implies that we are closer to an “altcoin month,” meaning a period of 30 days where 75% of the top 50 cryptocurrencies outperform Bitcoin.  At the time of writing, the index is down to 55 and the outlook remains positive, with a return to December 2024 levels likely in H1 2025. Altcoin month index | Source: Blockchaincenter You might also like:Warren Buffett retires: let’s remember rare occasions when he made mistakes. Is his crypto skepticism one of them? Expert commentary James Toledano, Chief Operating Officer at Unity Wallet shared his thoughts on Bitcoin’s current price action and whether it is in line with market expectations. Toledano said,  “Bitcoin’s current price behavior appears to be moving in line with market expectations. Anything over $100,000 is a win as we look for stabilization and price support at this level. After peaking at $109,000 in January, Bitcoin has maintained a tight trading range near $104,000 over the past week, suggesting a phase of healthy consolidation.  The dip over the past 24 hours reflects normal market volatility rather than a structural concern —there have been no market shocks, and any fluctuations appear to be demand and supply economics in action.” The executive believes that the leveling off noted in the top crypto is a sign of increasing macroeconomic caution and this may have prompted some investors to rotate into top-tier altcoins like Ethereum (ETH) and Solana.  Capital rotation may be a real phenomenon in the ongoing Bitcoin bull market and the token’s current stabilization points to a maturing asset class that is absorbing prior gains while awaiting fresh catalysts and inputs.  Ruslan Lienkha, chief of markets, YouHodler said: “The upward momentum in equity markets has moderated following the conclusion of tariff negotiations, as short-term traders began locking in profits, triggering corrective movements. This shift in sentiment has spilled over into riskier assets, including Bitcoin.  As a result, the current pullback appears to be a correction within a broader medium-term uptrend. However, ongoing global economic uncertainty and persistently high interest rates in the U.S. may act as headwinds, potentially capping the upside potential of this trend.” Lienkha noted his concerns of capped gains in Bitcoin and cryptos as the market faces the likelihood of high interest rates for longer in the U.S. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

With an estimated 16 million cryptocurrency investors representing 36% of South Korea’s voting population, presidential candidates are aggressively courting the crypto community ahead of the June 3 election. According to a report by Point Daily, crypto voters’ political significance has grown as Bitcoin’s market capitalization in Korea now exceeds 2,600 trillion won. This has rivaled the combined value of KOSPI-listed companies. As Point Daily notes, these 16 million investors account for a substantial portion of the country’s approximately 44.25 million eligible voters from the previous general election. Major parties are using crypto-specific strategies to attract these voters. The Democratic Party has brought Professor Kim Yong-jin of Sogang University, a token securities expert, into their campaign team. Representative Min Byeong-deok of the same party has introduced a draft Basic Digital Asset Act that includes provisions for a stablecoin authorization system linked to legal tender. You might also like:Top 3 reasons Bitcoin price will soar to a new all-time high The People Power Party, which confirmed its candidate on June 3, has shared seven major crypto-related initiatives. This includes abolishing the restrictive one-exchange-one-bank system, institutionalizing virtual asset trading for corporations, allowing spot ETF trading within the year, and establishing South Korea as a global virtual asset hub. People Power Party candidate Kim Moon-soo specifically addressed the frustration of investors. He stated that about 16 million people, or one-third of the population, are participating in the virtual asset market, but virtual asset investors are being left without even the minimum protection measures. Separately, Joseilbo reported that the Financial Services Commission announced that non-profit organizations and virtual asset exchanges will be permitted to sell their virtual assets starting in June, provided they establish internal review mechanisms and strengthen anti-money laundering protocols. Read more:Crypto VC funding: Camp Network, Miden each secure $25 million

Bitcoin and altcoins continued soaring on Thursday, even as the US stock market downturn continued. Bitcoin (BTC) jumped to a record high of $111,860, while the market cap of all cryptocurrencies jumped to $3.5 trillion. In contrast, the Dow opened lower by around 100 points, adding to Wednesday’s 816 point drop. Bitcoin and altcoins are climbing after the U.S. Senate passed the GENIUS Act, a first-of-its-kind cryptocurrency regulation focused on stablecoins. The legislation requires stablecoin issuers to maintain 100 percent reserve backing with high-quality assets such as U.S. Treasuries and the dollar. It also mandates monthly disclosures detailing reserve composition. Other provisions include federal and state oversight. Stablecoin issuers with assets above 10 billion dollars will be regulated at the federal level, while states will oversee smaller issuers with less than 10 billion dollars in assets. The passage of the GENIUS Act is significant, as it helps safeguard the crypto industry, especially following the collapse of Terra in 2022 and other major failures, like FTX. It also provides long-awaited legal clarity. Bitcoin as a safe haven after the US credit rating downgrade Bitcoin and altcoins are rising because investors see BTC as a safe haven asset after Moody’s downgraded the US credit rating.  The safe-haven appeal has pushed investors into spot Bitcoin ETFs, which have added over $4.2 billion in inflows this month, bringing the cumulative total to $43 billion. In its statement, Moody’s pointed to the rising US debt and interest payments and the policies in Washington.  For example, the House of Representatives passed the “big, beautiful bill” that will add around $3.8 trillion in additional debt, according to some estimates. You might also like:Why Trump’s ‘big, beautiful’ bill is bullish for Bitcoin and altcoins The bill extends the 2017 tax cuts and introduces new ones, including deductions on tips and overtime pay. It also expands the child tax credit and includes a new senior tax relief of 4,000 dollars. Fears over the rising U.S. debt and deficit have led investors to pull back from U.S. assets, especially equities. The U.S. Dollar Index has dropped to 99.6, while bond yields have surged. The 30-year yield rose to 5.1 percent, and the 10-year climbed to 4.6 percent. Bitcoin price has strong technicals BTC price chart | Source: crypto.news Bitcoin’s breakout is also supported by technical indicators. On the daily chart, it has formed a cup and handle pattern while narrowly avoiding a death cross. A death cross occurs when the 50-day and 200-day moving averages cross while trending downward. This same setup nearly played out in August last year but was avoided. The cup pattern has a depth of about 30 percent. Measuring that distance from the breakout level suggests potential gains toward 141,000 dollars. You might also like:Pepe price poised to surge as rare bullish pattern emerges