XRP slipped below $1.46 amid geopolitical uncertainty, shifting market focus to $1.41 as the next crucial support. Analysts say the broader bullish structure remains intact if that level holds, while a move back above $1.46 is needed to target $1.55-$1.57.
XRP slipped below the key $1.46 level over the weekend amid geopolitical uncertainty, but analysts believe the broader bullish structure remains intact as long as support at $1.41 holds. Short-term consolidation in the $1.35-$1.46 range is expected, with a breakout above $1.46 needed for a rally toward $1.55+.
XRP slipped below $1.46 over the weekend, but analysts highlight $1.41 as crucial support. If held, the bullish structure remains intact. Short-term consolidation in $1.35-$1.46 range expected; breakout above $1.46 could lead to $1.55+. Strong ETF inflows support cautious optimism despite geopolitical uncertainty.
GameStop Corp. (NYSE: GME) has announced plans to raise $1.3 billion through a private offering of 0.00% Convertible Senior Notes due 2030, with net proceeds earmarked for general corporate purposes, including the acquisition of Bitcoin. The announcement came just one day after the company updated its investment policy to allow Bitcoin to be held as a treasury reserve asset, signaling a major shift in how GameStop may manage its balance sheet. The deal also includes an option for initial purchasers to buy up to an additional $200 million in notes within 13 days of the first issuance date. These notes will be unsecured, will not accrue regular interest, and are scheduled to mature on April 1, 2030 unless converted, redeemed, or repurchased earlier. Upon conversion, GameStop may settle the obligation in cash, shares of Class A common stock, or a mix of both, with the initial conversion terms to be set at pricing based on the stock’s U.S. composite volume-weighted average price between 1:00 p.m. and 4:00 p.m. EDT. The company also stressed that the securities have not been registered under the Securities Act of 1933, meaning they can only be offered under an exemption. The move has drawn comparisons to Michael Saylor’s Bitcoin treasury strategy, especially after his recent in-person meeting with GameStop CEO Ryan Cohen.
CleanSpark, Inc. announced it mined 685 bitcoin in June 2025, worth over $74 million. The company sold 578 BTC for approximately $61 million at an average price of $105,860, outperforming the month’s volume-weighted average price by $446. Its operational hashrate hit 50 EH/s, a 9.6% month-over-month increase, making it the first Bitcoin miner to achieve this milestone entirely through self-operated infrastructure. CleanSpark now holds 12,608 BTC (7th among publicly traded companies) and operates 241,227 mining units. The company also secured an additional 179 megawatts of power capacity to support over 10 EH/s of future hashrate. CEO Zach Bradford noted that corporate Bitcoin acquisitions have outpaced ETF net inflows for the third consecutive quarter, and CleanSpark’s low-cost, geographically diverse data centers give it a production cost well below market price.
The Blockchain Group (ALTBG), Europe's first Bitcoin Treasury Company listed on Euronext Growth Paris, has completed a capital increase of approximately €8.6 million through a Reserved Capital Increase and Private Placement at €1.279 per share. This represents a 20.18% premium over the 20-day VWAP but a 46.26% discount to the May 19, 2025 closing price. Funds will support Bitcoin accumulation and development of subsidiaries in data intelligence, AI, and decentralized tech. Investors include Robbie van den Oetelaar, TOBAM Bitcoin Treasury Opportunities Fund, and Quadrille Capital. Earlier, the company secured €12.1M via convertible bonds issued to Blockstream CEO Adam Back.
StablecoinX, an ENA treasury company, completed its business combination with TLGY Acquisition Corp and disclosed in an SEC filing that it holds approximately 3.029 billion ENA tokens valued at $275 million, or about 20% of total supply. The firm has also launched a Decentralized Verification Node (DVN) as an Ethena cross-chain message validator, while its stablecoin middleware and institutional distribution services remain pending.
