Crypto
Cryptocurrency Market Update: Ethereum ETF, SHIB, BTC, and RUNE Trends – Brave New Coin
This week, Shiba Inu posts significant gains while Pawfury launches its promising presale. Bitcoin shows bullish trends, and THORChain recovers, indicating positive momentum in the cryptocurrency market.
Stay updated on the latest cryptocurrency market trends. This week, Ehereum ETH, Shiba Inu (SHIB) posts strong gains, Pawfury (PAW) launches its presale, Bitcoin (BTC) shows bullish momentum, and THORChain (RUNE) recovers. Explore insights on these trends and future market outlooks.
Cryptocurrency Market Update: SHIB, PAW, BTC, and RUNE Trends
Shiba Inu (SHIB) Shows Strong Gains
Shiba Inu (SHIB) has posted a significant price increase, rising by 19.68% over the past seven days. This has made SHIB the second-highest weekly gainer among the top 15 cryptocurrencies by market cap. However, its 24-hour trading volume remains relatively low at $262 million, compared to a peak of $7 billion in early March. To reach its previous high of $0.000045, SHIB would need to overcome several resistance levels, climbing from its current value of $0.000019.
Introducing Pawfury (PAW): The Newcomer
Pawfury (PAW) is a revolutionary new cryptocurrency project currently in its presale phase, designed to captivate the market with its unique approach and community-driven model. PAW has emerged as an attractive new investment option, offering high-yield staking rewards and competitive APY. The presale of Pawfury (PAW) features a 10% bonus for early investors using the promo code PAWGAINZ10X. The low-entry price makes it accessible, with the presale rapidly selling out.
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Bitcoin (BTC) and Market Liquidations
Bitcoin’s price has recently surged past $64,000, briefly hitting $66,000 before stabilizing around $64,433. This bullish trend resulted in liquidations totaling $145.58 million, affecting approximately 50,436 traders. Whale activity has further contributed to BTC’s upward momentum, with significant purchases by major investors.
THORChain (RUNE) Recovery and Predictions
THORChain (RUNE) has recovered by 23% over the past week, currently trading at $4.22. Market projections suggest it could rise to $5.76 or even $7.40 if it breaks through resistance levels. With a market cap of $1.41 billion and a 24-hour trading volume of $207 million, RUNE is gaining traction among traders and analysts.
Market Trends and Future Outlook
The overall cryptocurrency market is benefiting from a broader bullish trend. Bitcoin’s continued stability above $64,000 and the expected introduction of Ethereum ETFs could fuel further market optimism. For SHIB, Pawfury (PAW), BTC, and RUNE, sustained trading volumes and investor interest will be pivotal in maintaining the current positive momentum.
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
Kraken Valued at $13 Billion After Deutsche Börse Stake
Deutsche Börse has taken a minority stake in crypto exchange Kraken, marking one of the clearest signs yet of Europe’s largest market operator deepening its exposure to digital assets.
The German exchange group said it invested $200 million in Payward, Kraken’s parent company, securing roughly a 1.5% fully diluted ownership. The transaction values Kraken at about $13.3 billion, according to reporting by Bloomberg.
The move builds on an existing relationship between the two firms and signals a broader push to integrate traditional financial infrastructure with crypto markets. The partnership is expected to focus on regulated offerings, including tokenized assets and derivatives, while improving liquidity for institutional clients.
As part of the collaboration, Kraken will integrate with 360T, Deutsche Börse’s foreign exchange trading platform. The connection is designed to provide Kraken users with access to bank-grade foreign exchange liquidity, potentially streamlining the conversion between fiat currencies and digital assets.
The companies also plan to expand the use of Kraken Embed, a service that allows institutions to offer crypto trading and custody under their own brands. The initiative targets banks, fintech firms, and asset managers seeking to enter the digital asset space without building infrastructure from scratch.
Further developments are expected, subject to regulatory approval. These include enabling trading of derivatives listed on Eurex, Deutsche Börse’s derivatives exchange, through Kraken’s platform.
The investment underscores a growing convergence between established financial institutions and the crypto sector. For Kraken, the backing from Deutsche Börse provides capital and strategic alignment with one of Europe’s most influential financial market operators. For Deutsche Börse, the stake offers a direct foothold in a global crypto platform at a time when competition for digital asset infrastructure is intensifying.
The deal also reflects a broader trend of legacy financial firms moving beyond exploratory partnerships toward equity investments in crypto companies. By combining trading, custody, and tokenization capabilities, both firms are positioning themselves to capture a larger share of institutional flows into digital assets.
Key Takeaways:
- Alameda moved $16 million worth of SOL to a wallet linked with repayment efforts, signaling ongoing FTX creditor payouts.
- Alameda still holds 3.5 million SOL ($294 million), meaning supply overhang may impact solana markets.
- FTX-era asset releases since 2022 suggest continued distributions could shape liquidity next.
Alameda Unstakes SOL, Signals Ongoing Creditor Distributions
Alameda Research has transferred roughly $16 million worth of solana ( SOL) tokens after unstaking the assets, in a move that points to continued creditor repayments tied to the collapse of FTX.
Blockchain data tracked by Arkham Intelligence shows the tokens were sent to an address previously associated with distribution efforts. The transaction follows a similar pattern observed in recent months, where unstaked assets were routed to wallets linked to reimbursing creditors.
While there has been no official confirmation that the latest transfer will be distributed immediately, the repetition of this process suggests it forms part of a structured repayment strategy rather than a one-off movement.
Unstaking allows previously locked tokens in proof-of- stake networks to be withdrawn and made liquid. In this case, it enables Alameda to free up assets that can be redirected toward obligations stemming from FTX’s bankruptcy proceedings.
The latest transfer comes about a month after a comparable transaction, when Alameda moved a similar tranche of SOL to the same destination address. That earlier move reinforced expectations that such transfers are tied to ongoing creditor payouts.
Despite the asset sales, Alameda retains a substantial position in solana. The firm still holds approximately 3.5 million SOL, valued at around $294 million, according to Arkham data.
Solana remains one of the largest digital assets by market value, with a capitalization of about $47 billion. The token has traded near $82 in recent sessions, significantly below its peak of $293 reached early last year.
Alameda, founded in 2017 by Sam Bankman-Fried, was once a dominant trading firm in the crypto market. It played a central role in providing liquidity across exchanges and operated extensively in spot and derivatives markets.
Its fortunes shifted dramatically following the collapse of FTX in late 2022, which triggered a wave of insolvencies and legal proceedings. Since then, asset recovery and creditor repayment have been central to the restructuring process.
The steady movement of funds such as SOL highlights the scale and complexity of unwinding Alameda’s positions. Each transfer offers a signal, albeit indirect, of progress in returning value to creditors.
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