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The Crypto Minute
Your Weekly Guide to Surviving the Crypto Rollercoaster.
CoinBrain
June 08, 2025 • Reading Time: 11 minutes
Well… this week in crypto has been especially fun!
The Trump x Elon soap opera is entertaining the whole internet, while some big Wall Street moves are happening in the background 💸
🍃 Settle down, grab a beverage, and let us walk you through what happened.
⤵️ Today’s Agenda:
The Trump vs. Elon dispute had markets testing their support, a quick rebound followed shortly after.
Circle, the company USDC stablecoin, went public with its clever, cunning IPO.
Big tech players, including Apple and Meta, are eyeballing stablecoin use cases.
X partners with the decentralized prediction platform Polymarket, providing real-time context and data.
And more…
📊 Market Snapshot
| $105,700BTC+1.7% | $2,550ETH+0.9% | $3.31TCrypto Market Cap+1% | 55 (Neutral)Fear & Greed Index-1 from last week |
📅 Crypto Events You don’t want to Miss
📌 Wednesday, June 11 — CPI Day, Baby!
The U.S. will release the Consumer Price Index (CPI) data for the past month and year. These inflation metrics are major clues for the Fed’s next move.
Core CPI strips out food and energy for a clearer inflation signal, while headline CPI captures the full picture.
If inflation cools more than expected, crypto might breathe a sigh of relief - think rate cuts.
Keep an eye on that year-over-year CPI number; that’s the macro mood setter.
📌 Thursday, June 12 — Producer Price Index
Next up: Core PPI and PPI m/m, both dropping Thursday. Think of this as the inflation preview for goods before they hit consumers.
📌 Friday, June 13 — Consumer Sentiment Data
Rounding out the week: Preliminary UoM (University of Michigan) Consumer Sentiment hits Friday. It’s all about how optimistic (or not) U.S. consumers are feeling.
This index influences spending, and in turn, risk appetite.
Plus, expectations for inflation are buried in the details, and the Fed reads this tea leaf religiously.
🐋Smart Money Tracker
Monday, June 2nd: BlackRock deposited 4,113 $BTC ($429.4M) to Coinbase Prime 2 hours ago - its first move to sell after more than a month of consistent buying.
Tuesday, June 3rd: BlackRock sold $BTC and bought $ETH 🤯
Wednesday, June 4th: James Wynn just got liquidated for 240 $BTC($25.16M)
He also manually closed part of his position to lower the liquidation price. He still holds 770 $BTC($80.5M), with a liquidation price of $104,035.
Thursday, June 5th: After being liquidated 3 times, James Wynn capitulated and closed all his $BTC longs.
He lost a total of $20.48M on Hyperliquid 📉
Friday, June 6th: Smart trader 0xcB92 wins again!
The day before, they closed their $ETH long position and shorted $ETH before the price dropped.
In just 2 weeks, they made a profit of $5.18M on $ETH
Saturday, June 7th: Whale 0x3610 deposited 3.26M $MASK ($6.1M) bought 1 month ago into Binance on this day. The profit was roughly $2M.
Sunday, June 8th: A whale that had been dormant for 2 years bought another 250 $BTC ($26.37M) on this day.
2 years ago, this whale withdrew 500 $BTC($13.7M) from Gemini at $27,401, now sitting on an unrealized profit of $39M.
Source: Lookonchain
📰 News Recap (June 2 to 8)
Big Tech's Stablecoin Shopping Spree 💳
Apple, Google, Airbnb, and X are apparently sliding into crypto DMs asking about stablecoins 🍎📱
Source: Fortune Crypto
These tech giants are reportedly having "early conversations" with crypto firms about integrating dollar-pegged assets to slash transaction costs.
They're joining Meta and Uber in the "maybe crypto isn't so bad after all" club, just as stablecoins hit a record $250 billion market cap.
Trump vs. Musk: The Internet’s favorite reality show 🥊
A public spat between Trump and Musk triggered nearly $1 billion in crypto liquidations 📉
Source: The New York Times
😤💸 Tesla tanked 15%, Bitcoin tested $100K support, and analysts are calling it a "perfect storm" of drama mixed with rising unemployment claims.
Bitcoin recovered to $104K because dip buyers never sleep! 📈
X + Polymarket = Prediction Power Couple? 🔮
Elon's X just made it official with crypto prediction market Polymarket 💍🎰
The partnership will use Grok AI and X posts to provide real-time insights on Polymarket bets, combining Musk's platform with the site that correctly called Trump's election win.
Source: The Block
Fun fact: Some French whale made $80 million betting on Trump during the election!
Now X users can get "contextualized, data-driven insights," aka sophisticated gambling with extra steps 🧠💰
Trump Family Crypto Drama: Wallet Wars & Stablecoin Airdrops 👑
The Trump crypto empire is in full chaos mode with fake wallet drama, surprise stablecoin airdrops, and a Bitcoin ETF filing 🎪💼
Magic Eden announced an "Official Trump Wallet" only to get publicly disowned by the entire Trump family on X.
Source: @MagicEden on X
Eric Trump basically said, "We don't know these people."
Meanwhile, World Liberty Financial quietly airdropped $47 worth of USD1 stablecoins to early investors, and Truth Social filed for a Bitcoin ETF (without Trump's name on it, naturally).
It's like a crypto soap opera but with more memecoins! 📺🪙
🌍️ Story of the Week
Circle goes public with absolutely bonkers IPO 🏆
Remember when everyone thought stablecoins were boring? Well, the USDC issuer, Circle, just made "boring" very profitable.
Source: circle.com
The Numbers: 🎢
Final IPO price: $31 per share 💰
Day one peak: Shot up to over $90 🚀
Total gain: Nearly 200% in ONE DAY 📈
Money raised: $1.1 billion (crushing their targets!)
Market valuation: $6.9 billion ($8.1 billion fully diluted)
The Pre-IPO Hype Machine: 🎭 Circle kept raising expectations like a crypto trader on leverage. Here's the wild progression:
Step 1: "We want $600M at $5B valuation"
Step 2: "Actually, make that $896M at $7.2B" (just two days before!)
Step 3: "Plot twist—we're selling 34M shares at $31 each for $1.1B"
They literally increased their share price from a planned $24-26 range to $27-28, then straight to $31. Talk about reading the room! 📊
Source: Investing.com
Why Investors Lost Their Minds:
✅ USDC dominance: World's #2 stablecoin with $60.9B market cap
✅ US regulatory advantage: Based in America while Tether operates offshore
✅ Perfect timing: Stablecoins just crossed $250B total supply milestone
✅ Big Tech validation: Apple, Google, X, Airbnb all exploring stablecoin adoption
✅ Policy tailwinds: The GENIUS Act advancing through Senate for stablecoin regulation
Circle is now officially a public company, listed on the @NYSE under $CRCL.
With @USDC, EURC, Circle Payments Network & more, we're pushing forward a future of frictionless value exchange.
We are not just building financial products. We are building the money layer of the
— Circle (@circle)
11:59 AM • Jun 5, 2025
🛑 The stock (ticker: CRCL) was so hot that NYSE had to halt trading multiple times around 1 PM ET.
Imagine being a day trader trying to catch that rocket ship! The volatility was so intense it triggered automatic circuit breakers.
CEO Victory Lap Time: 🏃♂️ Jeremy Allaire (Circle's co-founder and CEO) said on X:
“Our transformation into being a public company is a significant and powerful milestone – the world is ready to start upgrading and moving to the internet financial system."
Translation: "We're not just another crypto company anymore, we're the infrastructure for the future of money." 💰
🔒 Major Token Unlocks of the Week
$TRIBL - 1.5% of the total supply will enter circulation on June 09, 2025
$NYM - 3.9% of the total supply will enter circulation on June 11, 2025
$DIMO - 7.7% of the total supply will enter circulation on June 12, 2025
$GFAL - 1.1% of the total supply will enter circulation on June 13, 2025
$BREED - 1.4% of the total supply will enter circulation on June 14, 2025
Explore more unlocks with full vesting details.
🗞️ From our Blog
💡 1 Minute Learning: Cross-Chain Yield Farming
Imagine you’re a yield farmer. You’ve been staking tokens, earning rewards, living the DeFi dream, but only on one chain.
Cross-chain yield farming says: Why settle for one farm when you can harvest across the whole multiverse? 🌌
Cross-chain yield farming is the strategy of earning yield on multiple blockchains (like Ethereum, Cosmos, Solana, etc.) by moving assets between them.
Thanks to bridges and interoperability protocols, you’re no longer stuck in one DeFi silo.
📊 Here’s the cheat sheet:
Why it’s cool: Higher returns, better farming opportunities, and flexibility to chase the hottest yields.
What’s the catch: You’ve gotta juggle bridge risks, gas fees, and smart contract safety across chains. Oh, and timing is everything.
Power tools: Platforms like Stargate, LayerZero, and Squid are making it way easier to zap assets across chains without breaking a sweat.
If you find this interesting, read our full guide on cross-chain yield farming 🌐🌾
And that’s a wrap! 🎉 Enjoyed this newsletter? Forward it to a friend, and let them know they can subscribe here.
Got any ideas or feedback? We’d love to hear from you! Drop us an email at [email protected].
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and not investment advice or a solicitation to buy or sell any assets or make financial decisions. Always do your own research and stay safe out there.