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A flood of doomed “Circle copycats” is about to hit the stock market and investors should treat them like “hot potatoes,” said BitMEX co-founder Arthur Hayes. In a June 16 blog post, Hayes says Circle’s blockbuster New York Stok Exchange debut has kicked off a new gold rush. He predicts a wave of stablecoin startups will now try to mimic USDC’s issuer by going public, adding that most will fail spectacularly. “This cycle’s stablecoin mania has begun,” Hayes said. “The bubble will pop after the launch of a stablecoin issuer on a public market, most likely in the US, that separates fools from tens of billions of capital by using a combination of financial engineering, leverage, and amazing showmanship.” Despite calling Circle’s valuation “insanely overvalued,” Hayes said copycat listings could initially skyrocket, just like Circle’s 168% rally. But without distribution deals with exchanges, banks,...

Cryptocurrency prediction markets are increasingly confident that Bitcoin (BTC) is likely to trade at a record high between $120,000 and $130,000 by December 31, 2025. This bullish outlook comes as Bitcoin holds above the $100,000 mark, recovering from a brief sell-off triggered by rising geopolitical tensions in the Middle East. As of press time, the leading digital currency was trading at $106,679, up 1.5% in the past 24 hours, although down nearly 3% over the past week. Bitcoin seven-day price chart. Source: Finbold Prediction markets set Bitcoin price Regarding price prediction, the most likely scenario is that Bitcoin ends 2025 at around $120,000, with traders assigning a 76% probability of that outcome, according to data retrieved by Finbold from the crypto prediction platform Polymarket on June 16, Meanwhile, Polymarket traders are giving Bitcoin a 57% chance of reaching at least $130,000 and a 32% probability of hitting $150,000. For Bitcoin to reac...

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The Chainlink (LINK) cryptocurrency took a big dip on Thursday, falling as much as 6.7% to nearly $14. It has nearly reversed all of the gains it’s seen in the past seven days, still up 9% at press time. Chainlink’s 6.7% 24-hour drop reflects profit-taking after recent gains, technical resistance, and broader crypto market weakness. LINK recently fell below a $15 resistance, concerning investors. Experts were bullish on LINK in the altcoin season, suggesting it could potentially reach $20. The asset recently reclaimed $16, but has since tanked under that mark. Now it is struggling to pick up on the momentum it saw earlier this week. Could the asset pick back up over the weekend, or is this the start of a further drop for Chainlink? Chainlink (LINK)’s Next Steps Chainlink’s RSI and MACD show neutral momentum, indicating a balance between buyers and sellers of LINK. Traders are eyeing key levels on the LINK/USDT charts for where Chainlink could go next. LINK currently faces re...

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SQD Network, a decentralized data-lakehouse platform, has announced the launch of OceanStream to offer institutional-grade financial data, according to information shared with Finbold on Wednesday, June 11. OceanStream targets hedge funds, asset managers, and financial institutions with real-time blockchain data from over 200 networks via enterprise-grade APIs. This eliminates dependence on slower centralized providers and is designed to power programmatic finance applications. Strategic appointments and backing Additionally, SQD Network has appointed Howie Altman as Head of Institutional Strategy and David Attermann as an Executive Advisor, with backing from M31 Labs, a venture studio focused on Web3 infrastructure. The team will provide product development guidance and integration pathways for AI-native workflows. “The finance industry is undergoing its most significant transformation in the last half century. OceanStream, now live with robust infrastructure and...

Saylor to Jim Chanos: Three ways your MSTR short is doomed Michael Saylor responded to a Bloomberg news anchor this week about Jim Chanos’ bearish trade against MicroStrategy. According to Saylor’s characterization of the short-sale by one of history’s most successful short-sellers, there are probably three ways Chanos’ trade could go — all of which will allegedly lose money. The hedge fund founder who made a name for himself predicting the collapse of Enron and Chinese real estate thinks MSTR is overvalued. Specifically, Chanos has placed a hedged short-sale against Saylor’s company. Because MSTR trades at a 1.7X multiple to its $63 billion net asset value (mNAV), Chanos has shorted MSTR and simultaneously hedged his short with a long bitcoin (BTC) trade. That hedged bet is simple. Chanos believes MSTR’s mNAV will decline over time. Because anyone can follow along, the trade has set up a showdown between two Wall Street titans . Saylor thinks that Ch...

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XRP breakout momentum has been accelerating throughout June 2025, and with fresh Ripple news driving cryptocurrency speculation toward some pretty ambitious year-end targets. Market analysts are currently predicting that XRP price prediction models could potentially reach $10 by December, and this is being fueled by dedollarisation trends as well as institutional adoption that’s been picking up steam. Source: TradingView Also Read: Ripple’s BlackRock Alliance Strengthens as Deutsche Bank Backs $75 XRP How XRP’s Breakout, Ripple News, And Dedollarisation Drive Crypto Gains Source: CryptoSlate Technical XRP Breakout Signals Point Higher Recent XRP breakout patterns are showing some really strong momentum above key resistance levels right now. EGRAG CRYPTO stated: “The first key level to watch is $2.30—a confirmed support zone to solidify the bullish case. Once this is claimed, the next major target is $2.65, which could signal stronger momentum and a clear bullish sign....