🚨 Top Web3 Trends That Are Redefining Finance & Tech

Author

CoinGape Media
June 23, 2025

📰 News

📢 Strategy (MSTR) Buys $26M in Bitcoin While Stock Price Slips 2%

Strategy, previously MicroStrategy, has made its 11th consecutive weekly Bitcoin purchase, while the MSTR stock is down alongside BTC.

Strategy Acquires 245 BTC For $26 Million

In a press release, the company announced that it acquired 245 BTC for $26 million at an average price of $105,856 per Bitcoin. It has also achieved a BTC yield of 19.2% year-to-date (YTD). The firm now holds 592,345 BTC, which it acquired for $41.87 billion at an average price of $70,681 per BTC.

Notably, this is Strategy’s second-smallest Bitcoin purchase this year. The company made its smallest purchase earlier in March when it bought 130 BTC for $10.7 million.

In his usual fashion, Michael Saylor had yesterday hinted that they had made another Bitcoin purchase when he posted Strategy’s Bitcoin portfolio tracker. This purchase comes despite the Israel-Iran conflict, which caused Bitcoin to drop below $100,000 for the first time in 45 days.

Crypto hedge fund executives reportedly plan to raise $100 million to create a BNB treasury, a move which CZ has shown support for.

Hedge Fund Execs Reveal Plans To Create BNB Treasury

According to a Bloomberg report, a team of crypto hedge fund executives is in advanced talks to raise $100 million to invest in the Binance Coin (BNB). They plan to create this Binance coin treasury through a publicly listed company that they control.

The Bloomberg report stated that former Coral Capital Holdings Patrick Horsman, Joshua Kruger, and Jonathan Pascah are behind the pitch, according to an investor document that the platform reviewed. These crypto executives aim to complete the fundraising this month.

Once the fundraising is complete, they plan to rename the unidentified Nasdaq-listed company ‘Build & Build Corporation’ and establish the BNB treasury. Binance’s former CEO Changpeng “CZ” Zhao also commented on this development.

In an X post, CZ stated that a BNB treasury is also coming to a few other markets around the world. He revealed that he has heard about a few different companies doing this. However, the crypto founder added that they are not involved in any of these companies, although they are extremely supportive of the move. He said that BNB is a public blockchain native token, which has no ties to Binance Holdings or the top crypto exchange.

In a subsequent X post, CZ again showed support for this move from the Hedge Fund execs to create a Binance Coin treasury. He simply stated that a “BNB MicroStrategy is coming to a company near you,” in reference to the adoption of this strategy in the US.

📊 Markets

Solana (SOL) price risks 30% crash below $100 as $2.5B exits network. Key support at $126 is breaking - will SOL recover or crash further?

Solana Price Risks 30% Amid Rounding Top Breakdown

Solana has formed a rounding top pattern on the one-day chart. This pattern usually indicates that the price is about to undergo a bearish reversal after the bullish momentum that pushed SOL price from below $100 in April to the May 23 swing high of $187 loses strength.

The bearish setup indicates that the Solana price topped out in May, and as sellers gradually sold SOL in recent weeks, while buying pressure remained weak, a gradual downtrend ensued. The key support level of this pattern now lies at $126, which SOL tested on June 22 after the crypto market crashed with massive liquidations.

If Solana is unable to defend the $126 support, it will confirm the bearish reversal outlined in the rounding top. In this case, the price could crash by 32% to $85, with such a downtrend mirroring the height of this pattern.

The rising ADX line indicates that the current downtrend is growing stronger, supporting the bearish thesis that the price of Solana might lose the neckline support. This is further supported by the MACD, which has dropped to the negative region, confirming that a bearish momentum is underway.

Will Bitcoin (BTC) price rally into the $104.5K to $107.2K supply zone or collapse lower? Latest BTC price analysis & key levels to watch.

Bitcoin Price Analysis: Here’s What Investors Can Expect This Week

The Time Price Opportunity (TPO) chart for Bitcoin (BTC) outlines key short-term outlook that investors can use to gauge what to expect in today’s New York trading session.

The TPO chart shows that yesterday’s Value Area Low at $99,800 is the immediate support level. A bounce off this level is what investors are expecting to halt the recent crypto market crash. The TPO also outlines a few naked Point of Controls (nPOCs) which serve as key resistance levels to watch should Bitcoin price bounce. These hurdles include – $102,600, $103,600, $104,600. Additionally, the supply zone, coinciding with supply zone, extending from $104,500-$107,200 is also a key hurdle for reversal.

Due to the strong resisance levels, the short-term outlook reveals that a push to ATH at $112,000 is unlikley unless the aforementioned hurdles are overcome.