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1440: Your Weekly Business Cheat Sheet
Expand your business and finance knowledge with 1440. Get clear, conversational breakdowns of the key concepts in business and finance—no paywalls, no spin. Every Thursday, 1440 delivers deep dives, interactive charts, and rapid market rundowns trusted by 100k+ professionals.
Saturday, June 7, 2025
Delivering concise and insightful crypto updates every day
📊 Market Snapshot
Coin | Price (USD) | Market Cap (USD) | YTD Change |
|---|---|---|---|
Bitcoin (BTC) | $104,869 | $2.06T | 🟢 +11.38% |
Ethereum (ETH) | $2,495.79 | $299.3B | 🔴 -24.76% |
Solana (SOL) | $174.52 | $80.2B | 🔴 -19.53% |
XRP (XRP) | $0.529 | $29.0B | 🔴 -11.87% |
Dogecoin (DOGE) | $0.1642 | $23.6B | 🟢 +15.84% |
Toncoin (TON) | $3.24 | $7.9B | 🟢 +3.00% |
Cardano (ADA) | $0.451 | $15.8B | 🔴 -20.36% |
Avalanche (AVAX) | $33.28 | $13.1B | 🔴 -8.61% |
Chainlink (LINK) | $17.15 | $10.0B | 🟢 +24.79% |
Tether (USDT) | $1.00 | $112.9B | 🟢 +0.07% |
S&P Cryptocurrency Broad Digital Market Index (SPCBDM)
Price: 5,506.19 YTD: 🔴 -1.35%
🏆 Top Story
Circle's IPO Continues to Surge
Circle Internet Group, the issuer of the USDC stablecoin, saw its shares climb 48% on Friday, extending a stellar run after a blowout market debut on the New York Stock Exchange a day earlier. The stock reached as high as $123.49, nearly four times its $31 offer price, valuing the company at $32.1 billion on a fully diluted basis.
📥 Market Insights
Metaplanet's Bitcoin Ambitions: Tokyo-based Metaplanet plans to raise $5.3 billion by issuing 555 million shares to buy more bitcoin. The company aims to hold over 210,000 BTC by 2027, viewing it as a hedge against Japan’s economic challenges.
Trump-Musk Feud Intensifies: The public fallout between President Donald Trump and Elon Musk escalated, with Trump stating he has no plans to speak with Musk. The feud complicates efforts to pass a tax-cut bill in the Senate.
TON's Resilience: Toncoin (TON) is defying the broader crypto market slump, surging 1.8% in a single hour to reclaim $3.15 amid escalating geopolitical tensions and market volatility.
📅 Upcoming Events
Date | Event |
|---|---|
June 10 | FOMC rate decision (U.S.) |
June 13 | EU Markets in Crypto-Assets (MiCA) enforcement begins |
June 17 | Bitcoin mining difficulty adjustment |
📊 Technical Analysis
TON: Toncoin has broken above a descending trendline that capped price action since mid-May. The breakout suggests bulls are regaining control, with immediate resistance at $3.28–$3.30.
LINK: Chainlink is showing a bullish breakout above $17 resistance, indicating potential for further gains.
ADA: Cardano is at risk of falling through $0.45 support, which could lead to further downside.
These observations are strictly informational and not financial advice.
⚖️ Regulatory Updates
🇺🇸 U.S.: SEC under pressure from Congress to finalize crypto custody guidance.
🇬🇧 U.K.: FCA to release new consultation paper on stablecoin regulation.
🇸🇬 Singapore: MAS expands licensing framework for digital asset firms.
🗳️ Community Check-In
📊 Poll of the Day:
Will Circle’s IPO success drive more crypto companies to go public?
👉 Vote here
💬 Ask Atlas:
Got questions about any coin or market move?
👉 Submit here
This is not investment advice.