X empire price

📰 CRYPTO NEWS 📰 ▪Solana ETFs could be approved in next 3-5 weeks ▪US and China agree to preliminary trade deal framework ▪DEX volume ratio hits new all time high ▪Staked Ethereum hits a new ATH with 30% of supply now staked ▪Connecticut passes bill that bans government from accepting, holding, or investing in digital currencies ▪Treasury Secretary Scott Bessent is being considered as next Fed Chair, White House denies claims. ▪The CLARITY bill passes financial committee and will now be discussed on the House floor ▪Gamestop confirms purchase of $500M worth of Bitcoin ▪Siebert Financial (Nasdaq: SIEB) plans to raise $100M for crypto treasury ▪Coinbase survey shows 60% of Fortune 500 companies are working on blockchain projects ▪Synaptogenix (Nasdaq: SNPX) plans to purchase $10M worth of TAO for crypto reserve ▪World Liberty Financial becomes the third most traded stablecoin ▪US and Mexico close in on trade deal ▪Polymarket will incorporate X and Grow directly into prediction markets. ▪The SEC acknowledges 21 Shares SUI ETF ▪Japanese fashion brand plans to hold 1K BTC by August Thoughts? 💭

UniversalX now supports HyperEVM, ready to give it a try. Any recommended memes?

🗞️ Need to catch up on the news? Here's our top 10 from today: 🔸 House Agriculture Committee advances major crypto market structure legislation with a 47-6 vote, moving the CLARITY Act closer to a full House vote. 🔹 US and China negotiating teams agree on trade framework after two days of talks in London, with officials set to brief their respective leaders on progress. 🔸 The SEC has asked Solana ETF issuers to submit amended S-1 forms within a week, potentially putting approval on track for July. 🔹 xAI has partnered with Polymarket to combine prediction markets with X data and Grok’s analysis. 🔸 Senator Lummis says Bitcoin and digital assets are being unfairly targeted by flawed tax rules and calls for crypto revisions in reconciliation. 🔹 Guggenheim, a major US investment firm, is expanding its digital debt product to the XRP Ledger through a new partnership with Ripple. 🔸 60% of Fortune 500 companies have adopted blockchain initiatives, according to a new Coinbase survey. 🔹 Eric and Donald Trump Jr.-backed American Bitcoin quietly accumulates 215 $BTC ($23M+) since April launch ahead of public merger.

Ether (ETH) ETH began the 24-hour session around $2,576 in early Asian trading, briefly dipped to $2,562 on light volume, then saw buying interest surge around 21:00 UTC on June 9 as turnover topped 436,000 coins, according to CoinDesk Research's technical analysis model. A second wave of demand just before 11:00 UTC on June 10 drove ether through the $2,700 barrier to a 24-hour high of $2,783; by press time it was trading at $2,744.87, up 6.54 percent on 560,900 coins (US$1.51 billion) moved. Social sentiment has turned decidedly bullish. A popular trader on X said the move amounted to ether entering a true “beast mode” phase after brushing aside $1,500 and $2,200 barriers and forecast further upside toward $4,000 and beyond. In an X thread on June 3, Consensys founder Joseph Lubin portrayed Etheruem as a nonstop settlement layer that processed over $25 trillion in transactions last year and serves as the backbone for stablecoins, tokenized assets, native yield and DeFi. He added that a $425 million private placement into SharpLink Gaming (SBET) aims to expose traditional investors to those yield opportunities. Meanwhile, in a market note, QCP Capital pointed to the advancing GENIUS Act, renewed buzz around Circle’s IPO and increasing regulatory clarity for stablecoins as converging tailwinds that could drive outsized structural gains for Ether’s tokenization and settlement rails. On-chain fundamentals also bolster the bullish case: staked ether recently reached a record 34.65 million tokens — locking up roughly 28.7 percent of supply — and may tighten bids around current support near $2,720. Technical Analysis Highlights Ether staged two volume-backed breakouts: first above $2,600 on June 9 (436K ETH traded), then above $2,700 on June 10 (560.9K ETH). A clear series of higher lows and higher highs underpins a strong uptrend from $2,562 to $2,783. A high-volume supply zone now sits at $2,796, marking near-term resistance. A double-bottom formed between $2,720–$2,740 may support consolidation before the next leg higher. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

Cryptocurrency is too often viewed through the narrow lens of price. The dominant narrative surrounding Bitcoin, Ethereum, and the broader crypto market has become fixated on one idea: numbers go up. Did Bitcoin break $100,000? Did Ethereum double in a month? Is this altcoin going to the moon? Financial media, X pundits, and even crypto advocates routinely reduce an entire technological revolution to a speculative race to ever-higher prices. But this is like evaluating Apple or Nvidia solely by their stock movements while ignoring the iPhone or the GPUs powering AI infrastructure. It’s a superficial way of thinking — and in crypto, it’s also dangerous. In traditional markets, value is ultimately grounded in usage. The more products a company sells, the more revenue it generates. The more users it retains, the stronger its network effect. Apple isn’t a $3 trillion company just because its stock price went up; it’s because over a billion people use its ecosystem daily. Nvidia didn’t become a Wall Street darling by sheer momentum; it built the most essential chips of the AI age. Stock price follows product-market fit. In crypto, this principle is often inverted — price comes first, and everything else becomes secondary or optional. READ MORE: Ethereum Advocate William Mougayar to Lead Ecosystem's New Profile-Raising Initiative Nowhere is this philosophy more deeply ingrained than in what might be called Saylorism — the ideology promoted by MicroStrategy’s Michael Saylor, the loudest evangelist for Bitcoin-as-collateral. Under this worldview, the core utility of Bitcoin isn’t transacting, building, or innovating — it’s simply holding. You buy Bitcoin, never sell, borrow against it, repeat. The usage is the hoarding. Bitcoin is not a currency or platform under Saylorism — it’s a speculative vault for value, designed to appreciate forever and justify more borrowing. In essence, every company becomes a leveraged Bitcoin fund, building its capital structure around a single bet: that the number always goes up. This is a radical departure from the logic that underpins healthy businesses. Traditional firms grow by creating value for others, through products, services, and infrastructure. Under Saylorism, value is internalized, circular, and ultimately recursive: you buy more Bitcoin because it’s going up, which makes it go up, which justifies buying more. It resembles a corporate Ponzi mindset, not in legal terms, but in structural dynamics, where external adoption matters less than internal leverage. The market doesn’t need new users, it just needs existing holders to keep believing. Compare that to Ethereum, the second-largest cryptocurrency by market cap, which has taken a different path. While Ethereum is also subject to the gravitational pull of price speculation, and no one would argue that “number goes up” doesn’t matter; its value proposition is fundamentally rooted in usage. ETH is not just a store of value; it is the fuel of an economy. It powers decentralized applications, settles billions in stablecoin transactions, tokenizes real-world assets, mints NFTs, facilitates decentralized finance, and supports governance. ETH has demand because the network has demand. The more people use Ethereum, the more ETH is needed. And the more ETH is burned through transaction fees, the more supply becomes constrained. Price here reflects activity, not just belief. This distinction is profound. Ethereum’s growth is tied to its functionality, to what it enables for users and developers. It resembles a traditional business more than a vault. It’s like Amazon in the early 2000s: difficult to value by conventional metrics but serving a growing ecosystem. The difference between these two models–Bitcoin as gold and Ethereum as infrastructure–has sparked endless debate over whether they’re even in competition. Some argue they’re entirely different species: Bitcoin is a monetary metal; Ethereum is a decentralized world computer, perhaps likened to digital oil. It’s fair to ask: what’s ultimately more valuable, the gold you keep or the dollar you spend? Bitcoin’s value depends on people holding it. Ethereum’s value depends on people using it. Both are succeeding, but the paths are not the same. If cryptocurrency is to evolve beyond its speculative adolescence, it must shift away from price obsession and toward utility obsession. This means asking harder questions: What is this protocol used for? Who depends on it? What problem does it solve? Valuation must come from participation, not just price action. A blockchain that delivers real-world utility for finance, identity, coordination, or computation deserves appreciation. But it must earn it through adoption, not ideology. What if, instead of competing, Bitcoin and Ethereum found common ground and worked together? That’s where the opportunity emerges: Ethereum serves as the most robust gateway for Bitcoin holders looking to access the broader world of decentralized finance. No network rivals Ethereum in terms of DeFi’s depth and maturity. By converting BTC into Ethereum-compatible assets, holders can engage in a dynamic ecosystem of lending, staking, and yield generation, turning dormant Bitcoin into active, value-producing capital. Platforms like Aave, Lido, Ethena, ether.fi, and Maker enable BTC to participate in ways that static holding simply can’t. The outcome? Mutual benefit: Ethereum attracts more liquidity, while Bitcoin gains much-needed utility. It’s a powerful synergy that amplifies the strengths of both networks. Cryptocurrency is not just a dumb financial asset It’s programmable money, digital property, frictionless transactions, decentralized coordination, and trustless finance. It’s a reimagining of the internet’s economic layer. But its long-term success depends on moving past the dopamine of daily price charts. Because in the end, the most valuable technologies aren’t the ones with the flashiest tickers; they’re the ones that get used. And usage, not hoarding, is what builds lasting value.