hodler

2 Jun 2026, 05:41

Bitcoin Drops Below $71K as Strategy Sale Sparks $79M Polymarket Battle

Bitcoin News Bitcoin extended its losing streak in early Asian trading Tuesday, sliding below $71,000 to a multi-week low as risk-off sentiment swept digital assets. The flagship cryptocurrency dro...

2 Jun 2026, 05:35

TON Holders Back Gram Rebrand as Price Climbs 5%

The rebrand received strong community support, with nearly 80% of pledged voting power backing the change. Telegram founder Pavel Durov said the move is a return to the project’s roots and will not require any token swaps or technical changes. TON Revives Original Gram Name The Open Network (TON) is preparing for one of the biggest branding changes in its history, with plans to rename its native cryptocurrency from Toncoin (TON) back to Gram (GRAM), which is the name that was originally outlined in Telegram’s first white paper. The proposal is currently being voted on by the community, and has already received overwhelming support, with nearly 80% of pledged voting power backing the rebrand. Telegram founder Pavel Durov announced the move as a return to the project’s origins, and stated that Gram was the original name of the network’s currency before regulatory challenges forced a major shift in the project’s direction. The name was abandoned after the US Securities and Exchange Commission halted Telegram’s $1.7 billion token sale in 2020, leading Telegram to step away from the project and allowing the community-driven TON Foundation to continue development independently. Telegram post by Pavel Durov According to Durov, the transition to Gram is expected to take approximately three weeks and will not require any action from token holders. The Open Network explained that there will be no token swap, migration, bridge, claim process, or conversion event. Wallet addresses, balances, smart contracts, and network positions will remain unchanged. This means that the rebrand is purely a naming update rather than a technical overhaul. The announcement was made shortly after Telegram assumed a more prominent role in the ecosystem, becoming the network’s primary driver and largest validator. The rebrand is also part of the “Make TON Great Again” roadmap, which already included major network improvements like Catchain upgrades designed to increase throughput, lower transaction fees, and deeper integration with Telegram’s ecosystem. TON plans to transform Telegram’s billion-user messaging platform into a Web3-powered super app capable of supporting payments, digital ownership, mini-applications, AI agents, and decentralized services. Supporters believe the Gram brand better reflects the project’s original vision and could help strengthen its identity as it enters this next phase of development. TON’s price action over the past 24 hours (Source: CoinCodex) Traders responded positively to the news. Over the past 24 hours, Toncoin climbed by approximately 5% , rising to around $2.06. The token experienced a sharp rally surging from the $1.93 range to above $2.20 before consolidating. Although some profit-taking followed the spike, TON managed to hold on to a portion of its gains.

2 Jun 2026, 05:20

Raoul Pal: Bitcoin Remains Undervalued as Institutional Adoption Accelerates

BitcoinWorld Raoul Pal: Bitcoin Remains Undervalued as Institutional Adoption Accelerates Real Vision founder Raoul Pal has stated that Bitcoin (BTC) remains undervalued despite its recent price movements, arguing that the leading cryptocurrency is still in a long-term price discovery phase. Speaking during a recent podcast appearance, Pal emphasized that both Bitcoin and the broader cryptocurrency market are positioned for sustained growth, particularly as traditional financial institutions increase their exposure to digital assets. Bitcoin’s Long-Term Uptrend and Asset Allocation Pal, a former Goldman Sachs executive, explained that from an asset allocation perspective, Bitcoin and crypto assets could hold more value than technology stocks over the coming years. He pointed to the ongoing macro-economic environment, including inflation concerns and monetary policy shifts, as factors that make decentralized assets attractive to institutional investors. According to Pal, the current market cycle is not yet mature, and Bitcoin’s price discovery process is far from complete. Institutional Inflow and Regulatory Clarity A key driver of Pal’s bullish outlook is the accelerating entry of traditional financial institutions into the crypto space. He noted that major banks, asset managers, and payment companies are increasingly building infrastructure to support digital asset trading and custody. Pal also highlighted that as regulatory frameworks for cryptocurrencies become more established globally, blockchain-based services and institutional capital inflows are expected to gain full momentum. This regulatory clarity, he suggested, could serve as a long-term growth catalyst for both Bitcoin and the wider crypto market. What This Means for Investors Pal’s comments add to a growing chorus of financial experts who view Bitcoin as a legitimate asset class rather than a speculative bubble. For retail and institutional investors alike, the implication is that Bitcoin’s current valuation may not fully reflect its potential in a world where digital assets become integrated into mainstream finance. However, Pal also acknowledged that volatility remains a hallmark of crypto markets, and price corrections are part of the maturation process. Conclusion Raoul Pal’s assessment reinforces the narrative that Bitcoin is still in its early adoption phase, with institutional involvement and regulatory progress acting as key drivers. While short-term price swings are inevitable, the long-term outlook, according to Pal, points to continued appreciation as the market matures. Investors should weigh these factors alongside their own risk tolerance and investment horizon. FAQs Q1: Why does Raoul Pal believe Bitcoin is undervalued? Pal argues that Bitcoin is still in a long-term price discovery phase and that its current market price does not fully reflect its potential as a macro asset, especially as institutional adoption and regulatory clarity increase. Q2: How does institutional adoption affect Bitcoin’s price? Institutional adoption brings larger capital inflows, improved market infrastructure, and greater legitimacy, which can reduce volatility and support long-term price growth. Q3: What role does regulation play in Bitcoin’s future? Clearer regulations reduce uncertainty for institutional investors, making it easier for them to allocate capital to digital assets. This could accelerate the integration of blockchain services into traditional finance. This post Raoul Pal: Bitcoin Remains Undervalued as Institutional Adoption Accelerates first appeared on BitcoinWorld .

2 Jun 2026, 05:08

Bitmine adds $52 million in ETH as price dips 4.7%

🚨 Bitmine invested $52 million in $ETH despite a 4.7% price dip. The company now owns over 5.4 million ETH, valued at over $10.5 billion. 🔥 Bitmine aims to reach 5% of all ETH in circulation by 2026. Continue Reading: Bitmine adds $52 million in ETH as price dips 4.7% The post Bitmine adds $52 million in ETH as price dips 4.7% appeared first on COINTURK NEWS .

2 Jun 2026, 05:05

eCash Price Analysis 2026-2030: Can XEC Deliver a 2X Surge?

BitcoinWorld eCash Price Analysis 2026-2030: Can XEC Deliver a 2X Surge? The question of whether eCash (XEC) can double in value over the next several years has become a recurring topic among cryptocurrency investors. As a digital cash protocol designed for fast, low-cost transactions, eCash occupies a specific niche in the broader blockchain ecosystem. This analysis examines the factors that could influence XEC price movement between 2026 and 2030, while acknowledging the inherent uncertainty in any long-term cryptocurrency forecast. Understanding eCash and Its Market Position eCash, which emerged from the Bitcoin Cash ABC network after a hard fork in 2021, aims to function as a peer-to-peer electronic cash system. Its key differentiators include Avalanche-based consensus for faster transaction finality and a fixed supply cap. The project has maintained an active development team and a dedicated community, though it operates in a highly competitive segment of the crypto market that includes Bitcoin, Litecoin, and various other payment-focused blockchains. Market capitalization and trading volume remain modest compared to larger cryptocurrencies, which means XEC prices can be more volatile and sensitive to broader market trends. The project’s ability to gain merchant adoption, integrate with payment platforms, and demonstrate real-world usage will be critical factors in its long-term valuation. Key Factors Influencing a Potential 2X Surge A doubling of XEC price from current levels would require a combination of favorable market conditions and project-specific developments. Several factors could contribute to such a scenario: Broader market recovery: A sustained bullish cycle in the cryptocurrency market typically lifts most tokens, including smaller-cap projects like eCash. Historical patterns suggest that altcoin seasons often follow Bitcoin halving events, with the next halving expected in 2028. Technical upgrades: The eCash development roadmap includes improvements to scalability, privacy features, and cross-chain interoperability. Successful implementation of these upgrades could attract new users and developers to the ecosystem. Adoption and partnerships: Integration with payment processors, e-commerce platforms, or remittance services would provide tangible utility and increase demand for XEC tokens. Any announced partnerships with established financial or technology companies could serve as significant price catalysts. Regulatory clarity: Clearer regulatory frameworks for cryptocurrencies, particularly in major economies like the United States and European Union, could reduce uncertainty and encourage institutional participation in smaller projects. Realistic Scenarios for 2026 Through 2030 Projecting cryptocurrency prices years into the future requires acknowledging a wide range of possible outcomes. The following scenarios are based on publicly available information and market analysis, not on insider knowledge or guaranteed predictions. Bullish Scenario If the broader cryptocurrency market enters a sustained growth phase and eCash successfully executes its technical roadmap while gaining meaningful merchant adoption, a 2X or greater price increase is plausible within the 2026-2028 timeframe. In this scenario, XEC could benefit from increased retail and institutional interest in payment-focused cryptocurrencies. Moderate Scenario In a more conservative outlook, XEC prices might experience gradual growth in line with the overall cryptocurrency market, potentially achieving a 50% to 100% increase over several years. This scenario assumes steady development but limited breakout adoption, with price movements primarily driven by market cycles rather than project-specific catalysts. Bearish Scenario Should the cryptocurrency market face prolonged regulatory headwinds, technological challenges, or loss of investor confidence, XEC prices could remain flat or decline. The project’s relatively small market cap makes it more vulnerable to adverse market conditions compared to larger, more established cryptocurrencies. What Investors Should Consider Long-term cryptocurrency investments carry significant risk. Price predictions, including those suggesting a 2X surge, should not be interpreted as financial advice or guaranteed outcomes. Investors should conduct their own research, consider their risk tolerance, and avoid allocating funds they cannot afford to lose. The eCash project’s long-term viability depends on its ability to differentiate itself in a crowded market and deliver real-world utility. Monitoring development activity, community engagement, and partnership announcements can provide useful signals about the project’s trajectory. Conclusion While a 2X price surge for eCash is possible under favorable market conditions and successful project execution, it is far from guaranteed. The cryptocurrency market remains highly unpredictable, and long-term forecasts should be viewed as speculative rather than definitive. For readers seeking to understand eCash’s potential, the most reliable approach is to track fundamental developments and market trends over time rather than relying on price predictions alone. FAQs Q1: What is the main use case for eCash (XEC)? eCash is designed as a peer-to-peer electronic cash system for fast, low-cost transactions. It aims to serve as a medium of exchange for everyday purchases, similar to how physical cash is used, but on a digital blockchain network. Q2: How does eCash differ from Bitcoin and other cryptocurrencies? eCash uses a hybrid consensus mechanism that combines proof-of-work with Avalanche-based finality, allowing for faster transaction confirmations. It also has a fixed supply cap and focuses specifically on payment use cases, whereas Bitcoin is often viewed as a store of value. Q3: Is a 2X price increase realistic for XEC by 2030? A 2X increase is within the realm of possibility if favorable market conditions align and the project achieves meaningful adoption. However, it is not guaranteed, and investors should consider the high volatility and risk associated with smaller-cap cryptocurrencies. This post eCash Price Analysis 2026-2030: Can XEC Deliver a 2X Surge? first appeared on BitcoinWorld .

2 Jun 2026, 05:00

Strategy Sells Bitcoin For First Time Since 2022 Tax-Loss Trade

Strategy sold a small portion of its Bitcoin holdings last week, marking the company’s first disclosed BTC sale since its December 2022 tax-loss harvesting transaction. The sale is notable less for its size than for what it signals: Strategy is now willing to use a sliver of its Bitcoin stack to service the preferred equity structure it has built around its balance sheet. According to a Form 8-K filed with the US Securities and Exchange Commission, Strategy sold 32 BTC between May 26 and May 31 for roughly $2.5 million. The average sale price was $77,135 per bitcoin, net of fees and expenses. The company said proceeds from the sale are expected to be used to fund distributions on preferred stock. Why Did Strategy Sell Bitcoin? The transaction is the first Bitcoin sale disclosed by Strategy since December 2022, when the company sold 704 BTC for tax-loss harvesting purposes before buying back more bitcoin two days later. That earlier sale was widely framed as a tax maneuver rather than a strategic reduction in exposure. The new sale is different in character: it appears tied to preferred stock obligations rather than portfolio tax management. Related Reading: Bitcoin Short-Term Holders Move 107,760 BTC In A Single Day — Details Strategy’s Bitcoin position remains enormous. As of May 31, the company held 843,706 BTC acquired for an aggregate purchase price of $63.87 billion, implying an average purchase price of $75,699 per bitcoin. Against that position, the 32 BTC sale represents a negligible reduction in headline holdings, but it still breaks a long-running pattern in which Strategy’s Bitcoin disclosures were almost exclusively about accumulation. The filing also shows that Strategy continued using its capital markets machinery during the same period. Between May 26 and May 31, the company sold 801,994 shares of MSTR common stock under its at-the-market program, generating $128.3 million in net proceeds. As of May 31, Strategy listed $26.137 billion of remaining available issuance capacity for MSTR stock, alongside remaining preferred stock issuance capacity of $1.619 billion for STRF, $17.511 billion for STRC, $2.1 billion for STRK and $4.015 billion for STRD. The Bitcoin sale lands against the backdrop of recent comments from Executive Chairman Michael Saylor and CEO Phong Le, who have both signaled in recent weeks that Strategy could sell BTC under certain circumstances. Saylor, however, has also emphasized that the company expects to buy more bitcoin than it sells, keeping the market focused on whether any isolated sale is offset by larger accumulation. Related Reading: Bitcoin Trend That Has Held For 15 Years Shows When To Expect The Bottom And When $400,000 Will Happen That question remains open for the latest reporting period. On May 31, Saylor posted on X: “Working ₿etter.” The phrase appeared to tease another purchase, consistent with his usual cadence before formal Strategy updates. But no corresponding buy announcement had been made public at press time, leaving investors to wait for confirmation on whether the company bought more BTC than it sold during the period. Strategy also disclosed that its US dollar reserve stood at $900 million as of May 31. The reserve, announced in December 2025, is a management-designated liquidity pool intended to support dividends on preferred stock and interest payments on outstanding debt. That reserve matters because it sits at the center of the company’s newer capital structure: Strategy has layered preferred equity, common stock issuance and Bitcoin holdings into a balance-sheet model that depends on continued access to liquidity. The company’s board declared cash dividends payable on June 30 to holders of record as of June 15. The declared payments include $2.50 per share for STRF, $0.958333333 per share for STRC, €2.50 per share for STRE, $2.00 per share for STRK and $2.50 per share for STRD. Strategy also said the regular dividend rate on its variable-rate Series A Perpetual Stretch Preferred Stock, STRC, would remain at 11.50% per annum for monthly periods beginning on or after June 1. At press time, BTC traded at $71,637. Featured image created with DALL.E, chart from TradingView.com