Happy Tuesday!

Bitcoin wallets holding coins for less than 12 months accounted for 83% of all realized profits yesterday, with 6-12 month holders alone locking in $904 million — could we see BTC at $90,000 in the short term? 

Elizabeth Warren slammed billionaires Elon Musk and Jeff Bezos, warning that stablecoin legislation would enable them to "exploit" user data and arguing that the stablecoin bill has a “major loophole” — what are her concerns exactly?

Plus, for the last decade, these 3 “Power Patterns” have delivered winning trades during the summer — one an astonishing 90% of the time. Now they're firing up again over the next 75 days. Want a 30-year veteran trader to show you how to play them?

See How a Master Trader Plays These “Power Patterns”

TOP STORY

Bitcoin's Newer Buyers Realize Bigger Gains – Is A $90,000 Now Within Reach?

Glassnode data observed that Bitcoin wallets holding coins for less than 12 months accounted for 83% of all realized profits yesterday, with 6–12-month holders alone locking in $904 million, the second-highest daily profit this year.

By contrast, long-term holders (over 12 months) realized only $324 million, reflecting a substantial pullback in profit-taking from more seasoned investors as the decline in long-term holder activity suggests reduced sell-side risk and a more bullish supply dynamic.

The trend marks a continuation of last week (June 10), when realized profits from one-year+ holders dropped by 89%, from ~$126 million to just $13.6 million (24-hour simple moving average).

Read the full scoop here.

SPECIAL OFFER

[Benzinga Exclusive] Master Trader Reveals ‘Power Patterns’ Behind 100% Gains

For the last decade, these 3 “Power Patterns” have delivered winning trades during the summer - one an astonishing 90% of the time. Now they're firing up again over the next 75 days. Want a 30-year veteran trader to show you how to play them?

See How a Master Trader Plays These “Power Patterns”

QUICK N DIRTY

Bitcoin, Ethereum and Dogecoin dropped amid the rise in geopolitical tensions, specifically the Iran-Israel conflict. While some traders advocate caution, others see this as a setup for Bitcoin’s most profitable phase.

Dogecoin and Shiba Inu dropped 3% in the early hours of Tuesday despite rising burn rates and stable key metrics. Why are traders predicting a bull run for the meme coins?

The Purpose XRP ETF will debut in Canada on June 18 as the country’s first approved spot XRP ETF — will this be the start of an XRP ETF era?

FINTECH FOCUS

Elizabeth Warren Says Billionaires Like Jeff Bezos And Elon Musk Will 'Track Your Purchases' If Allowed To Launch Stablecoin

Sen. Elizabeth Warren (D-Mass.) took potshots at billionaires Elon Musk and Jeff Bezos on Monday, warning that stablecoin legislation would enable them to "exploit" user data and engage in unfair trade practices.

Warren argued that the GENIUS Act, also known as the stablecoin bill, has a “major loophole” that allows Big Tech and major retailers to issue their own stablecoins, which, according to her, could lead to significant risks for consumers and the economy..

The senator further predicted that if the stablecoin endeavors fail, the billionaires will come "begging for a taxpayer bailout."

Read the full scoop here.

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