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Trump-Musk Feud Sparks Bitcoin Crash to $100K

The ongoing clash between the U.S. President Donald Trump and billionaire Elon Musk has sent shockwaves through global markets, culminating in a sharp decline in Bitcoin’s price to near $100,000. The feud, which intensified over Trump’s proposed tariffs on European goods, has also triggered broader volatility in cryptocurrencies and stocks, with Tesla’s shares plummeting 14% in a single day. This article explores the causes and consequences of the market turmoil, highlighting the fragile interplay between politics, crypto, and traditional finance.

The Conflict: Trump’s Tariffs vs. Musk’s Pushback
The crisis began on June 5, 2025, when Musk publicly criticized Trump’s proposed tariffs on European imports, calling them a catalyst for a looming recession. In a tweet, Musk declared, “The Trump tariffs will cause a recession in the second half of this year,” sparking a heated exchange between the two billionaires. Trump retaliated via Truth Social, threatening to revoke government contracts from Musk’s companies, including SpaceX, claiming it would save taxpayers “billions.”

Musk escalated the feud by suggesting SpaceX might halt production of its Dragon spacecraft, though he later walked back the statement. The rhetoric spilled into financial markets, with Bitcoin’s price dropping nearly 3% to $100,500—a level not seen since early 2025—before rebounding slightly to $103,200 by press time.

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⚡️ We’ve redesigned our service at Ybex.io.

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Stripe Acquires Privy: A Strategic Move to Expand Crypto Payment Capabilities

In a landmark move for the fintech and crypto industries, Stripe , the global payment processing giant, has acquired Privy , a leading non-custodial crypto wallet, to integrate cryptocurrency capabilities into its platform. The acquisition, announced in June 2025, signals Stripe’s commitment to bridging the gap between traditional finance and decentralized systems. By combining Privy’s wallet technology with Stripe’s payment infrastructure, the company aims to simplify crypto adoption for businesses and consumers alike.

This development aligns with broader trends in crypto adoption, as more companies seek to leverage blockchain for faster, cheaper, and borderless transactions. Below, we explore the implications of this acquisition, its strategic benefits, and what it means for the future of crypto payments.

Overview of the Acquisition
What Is Privy?
Privy is a non-custodial crypto wallet that enables users to send, receive, and manage digital assets across multiple blockchains, including Ethereum, Bitcoin, and Solana. Its key features include:

Self-custody : Users retain control of private keys, reducing reliance on third parties.
Seamless integration : APIs allow developers to embed crypto functionality into apps and websites.
Business-focused tools : Privy’s platform supports enterprise-grade security and compliance, making it ideal for B2B transactions.

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New Trading Pair!

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Elastos Launches World's First Bitcoin-Backed Stablecoin BTCD

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Elastos Launches World's First Bitcoin-Backed Stablecoin BTCD


Elastos, a leading Bitcoin DeFi protocol developer, has announced the launch of BTCD (Bitcoin Dollar), marking a significant milestone as the world’s first fully Bitcoin-backed stablecoin. The project aims to create a digital version of the Bretton Woods system, the post-World War II agreement that pegged the U.S. dollar to gold, positioning Bitcoin as the foundational asset for a new era of decentralized finance.

Revolutionary Approach to Stablecoin Collateralization
Unlike traditional stablecoins that rely on fiat currencies and short-term U.S. government bonds for backing, BTCD takes an innovative approach by using Bitcoin itself as collateral. Built on the BeL2 protocol, BTCD aims to provide a stable unit of account within the Bitcoin ecosystem, addressing the longstanding challenge of Bitcoin’s price volatility.

The Bitcoin-backed stablecoin represents a paradigm shift in cryptocurrency infrastructure, allowing users to maintain exposure to Bitcoin while accessing stable value for transactions and DeFi applications. This development addresses the fundamental challenge of Bitcoin’s price volatility while preserving the benefits of decentralized, censorship-resistant digital currency.

Overcollateralization Strategy Ensures Stability

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Dogecoin Price Surges Above $0.153 After Volatile Weekend

Dogecoin shook off a dramatic weekend draw-down to post a sharp 7 percent rebound early Monday, climbing from a low near $0.143 to intraday highs above $0.153 on 23 June 2025. The surge followed a burst of trading activity five times higher than the token’s daily average and re-established a short-term up-trend that analysts say could open the door to a push toward the $0.16–$0.17 range.

A Whiplash Weekend Ends With a Snap-Back Rally
CoinDesk data show DOGE traded in a 9 percent band over the previous 24 hours, bottoming out late Sunday as broader crypto markets absorbed nearly $1 billion in forced liquidations before snapping higher in the Asian session. Volume spiked to 10.7 million tokens within minutes of the reversal, confirming strong dip-buying interest around the $0.145 technical floor.

Momentum accelerated during the final hour of trading, when bulls pushed the price through short-term resistance at $0.153432, a level technical traders had flagged throughout the weekend. “If DOGE can keep closing above that pivot, $0.155 to $0.158 is quickly back on the table,” CoinDesk Analytics wrote in its post-rally recap.

Macro Headwinds, Micro Drivers

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