This Week In Crypto: Trump/Musk Split, Gemini and Circle IPO, Altcoin Bear Market, and More

2025-6-7 17:05

This week, the crypto world saw major shifts, including a high-profile breakup between Trump and Musk, a Spanish coffee chain investing heavily in Bitcoin, and Gemini's IPO filing. Meanwhile, altcoins continue their prolonged bear market. origin »

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Bitcoin Mining Giant Bitmain Reveals $500 Million Loss; End of the IPO Dream?

The world’s largest maker of cryptocurrency mining equipment Bitmain made a $0. 5 billion loss in 2018’s Q3, CoinDesk reports. Citing a source who viewed an update that was filed with the Hong Kong Stock Exchange the publication also reported that Bitmain generated revenues of more than $3 billion during the first three quarters of 2018 with only $200 million being generated in Q3.

2019-2-19 16:53


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L2 Builders Join Discourse on Buterin’s Scaling Model as $HYPER Brings SVM Speed to $BTC

What to Know: Vitalik Buterin’s push for stage 2 rollups has created a rift between Ethereum purists and L2 developers who prioritize execution speed over rigid decentralization milestones. Capital is increasingly rotating away from philosophical scaling debates and toward ecosystems that offer high-performance, “snap-execution” environments for DeFi.

Trump Token Launch Expands Digital Footprint as ‘Gym Bro’ Narrative Fuels $MAXI

What to Know: The planned launch of Trump-associated tokens has validated a strength-based market narrative, paving the way for high-energy, personality-driven crypto assets. A broader market rotation into high-beta assets suggests that retail traders are increasingly seeking outsized returns through gamified, risk-on ecosystems.

Binance is Proof-of-Reserve Champ: Why $MAXI Is The Next Crypto to Explode

What to Know: Binance’s latest Proof-of-Reserves (PoR) confirms 1:1 asset backing, creating the safety baseline required for a broader market risk-on rotation. Smart money is moving from stable infrastructure plays into high-volatility assets, evidenced by aggressive accumulation in new presales.

Zoomex: Precise Systems of Fairness and Transparency by Design

Since the publication of the Bitcoin whitepaper in 2008, crypto has offered the promise of open accessibility, neutral rules, and verifiability for everyone. While crypto has continued to hold true to this mission, trading platforms have since departed from this universal truth.