Happy Monday!

Altcoins could benefit from a capital rotation soon, according to an expert Benzinga interviewed. Is that good for XRP and Dogecoin?

Strategy has added more Bitcoin to its war chest but is facing a lawsuit over its acquisition strategy: what is going on?

Plus, don’t miss Benzinga’s must-attend virtual forum on the rapidly evolving ETF market! Join us on June 5th at 10 am ET to explore the latest trends in crypto ETFs, thematic ETFs and innovative structures. Gain valuable insights into strategies reshaping how financial advisors guide clients and how retail investors adjust their portfolios.

Click here to reserve your spot today!

TOP STORY

Altcoin Rotation Is Coming, Expert Says: Will ETH, XRP, Dogecoin Benefit?

While Bitcoin trades near its all-time high price, Abdul Rafay Gadit, co-founder of ZigChain, believes that the broader crypto market is primed for a shift.

In an interview with Benzinga, Gadit argued that investors should prepare for a strong rotation into altcoins as macroeconomic pressures ease and interest rates begin to fall.

He also named decentralized finance and tokenization as the most undervalued sectors in crypto, citing their real-world utility and long-term growth potential.

Can altcoin favorites like XRP benefit from that?

Read the full scoop here.

SPECIAL OFFER

Don’t miss Benzinga’s must-attend virtual forum on the rapidly evolving ETF market! Join us on June 5th at 10 am ET to explore the latest trends in crypto ETFs, thematic ETFs and innovative structures. Gain valuable insights into strategies reshaping how financial advisors guide clients and how retail investors adjust their portfolios.

Click here to reserve your spot today!

QUICK N DIRTY

Shiba Inu is down 16% in 7 days: what’s going on with the memecoin?

Bitcoin could soon be headed for part two of what Raoul Pal calls his ‘banana zone’ — what does he mean by that?

Donald Trump’s upcoming crypto dinner made a few successful traders very happy — here’s how they walked away with profits.

FINTECH FOCUS

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Strategy Adds $765 Million In Bitcoin, Faces Lawsuit Over BTC Holdings

U.S.-based Bitcoin treasury firm Strategy has made another major Bitcoin purchase even as it faces legal scrutiny over its accounting disclosures.

According to a regulatory filing with the SEC, the company acquired 7,390 BTC between May 12 and May 18 for approximately $764.9 million, increasing its total Bitcoin holdings to 576,230 BTC, more than 2.7% of Bitcoin’s fixed 21 million supply.

But elsewhere, Strategy faces a lawsuit over its Bitcoin acquisitions.

What is going on?

Read the full scoop here.

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