Tether moves $3.9B in Bitcoin to Twenty One Capital

Cointelegraph

Tether has moved a combined 37,229.69 Bitcoin, worth approximately $3.9 billion, to addresses linked to the new Bitcoin-native financial platform, Twenty One Capital, led by Strike CEO Jack Mallers.

Tether CEO Paolo Ardoino posted two transfers totalling 11,417 BTC ($1.2 billion) in a June 3 X post.

In one transaction, the stablecoin issuer transferred 10,500 Bitcoin (about $1.1 billion) to an address linked to SoftBank’s investment option in Twenty One. The executive said this is part of the pre-funding of SoftBank’s investment in the Bitcoin platform.

In another post, Ardoino said Tether made a separate 917 BTC transfer to a wallet associated with convert investors holding equity rights in the venture. The coins were worth about $96 million at the time of writing.

Tether moves $3.9 billion in Bitcoin

The largest batch was moved a day earlier, when Ardoino reported three transactions totaling 25,812 BTC, worth approximately $2.7 billion at the time.

That included a 7,000 BTC transfer, worth more than $730 million, from Bitfinex as part of its investment into Twenty One, followed by a 14,000 BTC transfer from Tether, and 4,812.22 BTC (about $500 million) representing pre-funding for an initial equity raise.

Twenty One Capital aims to develop Bitcoin-native capital markets infrastructure, allowing products like lending, custody and asset issuance to operate directly on Bitcoin rails.

It plans to go public via a Special Purpose Acquisition Company (SPAC) merger with Cantor Fitzgerald’s Cantor Equity Partners, which values the company at $3.6 billion.

Twenty One is already the third-largest corporate Bitcoin holder in the world, trailing only behind Strategy (formerly MicroStrategy) and Bitcoin mining firm MARA Holdings.

Strategy shies away from proof-of-reserves

The high-profile transactions also highlight a growing divide in the crypto industry’s approach to transparency.

At the Bitcoin 2025 conference in Las Vegas, Strategy executive chairman Michael Saylor said that posting onchain proof-of-reserves is a “bad idea” that could pose security risks. Saylor said this dilutes the security of everyone involved, including the issuer, the custodians, the exchanges and the investors.

Despite Saylor’s commitment to privacy, blockchain analytics firm Arkham Intelligence has attempted to identify the company’s wallets. On May 29, Arkham claimed it had managed to find 87% of Strategy’s Bitcoin onchain.

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Ethereum Price Analysis: Can ETH Finally Overcome the $3K Threshold?

CryptoPotato

Ethereum continues to trade within a tight range after a strong rally in May, facing resistance near the $2,800 mark. Despite holding its recent gains, the price has struggled to break higher, leaving traders cautious amid mixed signals. As both momentum and positioning build, the market seems primed for a decisive move.Technical Analysis

By ShayanMarketsThe Daily Chart

On the daily chart, ETH remains capped below the $2,800 resistance zone, which aligns with the 200-day moving average. Despite repeated attempts, price has failed to break and hold above this area, forming a potential local top. The RSI is also hovering near 62, showing a loss of bullish momentum compared to earlier in the rally, and potentially a bearish divergence.

The current market structure resembles an ascending channel or potential distribution range. A clean break above $2,850 could open the way toward the $3,000–$3,200 region, which aligns with the Fibonacci golden zone, while a breakdown below $2,400 may shift momentum back in favor of sellers and target $2,100.

The 4-Hour Chart

On the 4-hour chart, the price action is forming an ascending channel, often a bearish signal, especially near key resistance. The market recently bounced from the lower boundary near $2,500, retesting mid-range liquidity. However, upward follow-through has been weak. Moreover, the RSI is trending sideways just above 50, suggesting indecision.

This consolidation comes after a clear imbalance (FVG) from the May breakout, which has yet to be revisited. If the asset breaks down from this channel, a sweep of that fair value gap area around the $2,200 mark becomes likely. On the other hand, a push above the recent highs with volume could invalidate the bearish pattern and trigger continuation.

Sentiment Analysis

Ethereum’s open interest is flashing a warning sign. While the price has remained relatively flat and range-bound over the past week, open interest has continued to rise aggressively, now surpassing previous highs when ETH was trading above $3,000.

This divergence indicates growing leverage and speculation at lower price levels, without the confirmation of a strong price rally. Historically, such imbalances between open interest and price tend to lead to sharp volatility, either via a short squeeze or a long liquidation cascade. The market is coiled, and this crowded positioning could act as fuel for a large move once a direction is chosen.

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Ripple Price Analysis: XRP Risks Dumping to $1.6 as Bullish Momentum Lacks

CryptoPotato

XRP continues to show relative weakness in a recovering crypto market. While Bitcoin and Ethereum held key levels and bounced modestly, Ripple’s token remains in a corrective phase.

Both the USDT and BTC pairs have broken key support trendlines, signaling potential for further downside if broader sentiment doesn’t improve.Technical Analysis

By ShayanMarketsThe USDT Pair

The XRP/USDT pair recently broke below its rising wedge formation after failing to reclaim the $2.80 resistance zone. The breakdown occurred with expanding sell-side pressure, driving the price toward the next demand zone around $2.

This area aligns with the midline of the larger descending channel, making it a critical level to hold. If the price fails to rise back above the 100-day and 200-day moving averages around $2.40, the bearish structure remains intact.

Moreover, the asset is now consolidating just under the wedge’s lower boundary, with no convincing bullish momentum showing up. The RSI sits around 40, reflecting weakening bullish momentum. If sellers continue to dominate, an even lower move toward the $1.60 support range is likely, where liquidity from previous accumulation exists.

The BTC Pair

In the BTC pair, XRP has broken below the key 2,100 SAT support area with low momentum. A potential breakdown from the falling wedge pattern and the earlier rejection from both the 100-day and 200-day moving averages, located around the 2,500 SAT mark, suggests sellers are still in control. There is also no bullish divergence on RSI, which has dipped below 40, showing persistent weakness.

The next major area of interest lies around the 1,900–1,700 SAT zone. This level marks the range of a prior imbalance (fair value gap), where a reaction could occur. If XRP fails to find support here, it risks slipping much lower toward 1,100 SAT, especially if Bitcoin dominance continues to rise.

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Bitcoin Price Crash: Why $107,500 And $103,500 Are The Levels To Watch

NewsBTC

The Bitcoin price crash is in focus following the flagship crypto’s recent drop to as low as $103,700. Crypto analyst Captain Faibik has commented on why $107,500 and $103,500 are the most important levels to watch as BTC looks to decide its next move.

Why $107,500 & $103,500 Are Key For The Bitcoin Price

In an X post, Captain Faibik explained that $107,500 and $103,500 are key as the bulls and bears battle to dictate the next move for the Bitcoin price. The analyst noted that later this week, BTC bulls will attempt to reclaim the $107,500 resistance and regain momentum.

He predicted that a clean break and hold above $107,500 could trigger a bullish leg toward the $117,000 level, which would mark a new all-time high (ATH) for the flagship crypto. Meanwhile, on the other hand, $103,500 is an important support level which the bulls must defend as the Bitcoin price eyes new highs. Captain Faibik warned that a breakdown below could shift momentum back in favor of the bears.

The Bitcoin price had surged above $106,000 on May 2 following news about the US decision to extend its pause of tariffs on some Chinese goods to August. This provided a bullish outlook for the flagship crypto after Donald Trump stated last week that China had violated the trade deal with the US.

Trump and China’s president are set to have a call later this week, which could further boost the Bitcoin price if both sides could resolve any dispute regarding the current trade deal. Meanwhile, Fed Chair Jerome Powell failed to discuss the economy during his speech at the International Finance Division Anniversary Conference, which also continues to fuel market uncertainty.

First Step For BTC Is To Get Back Above $106,500

In an X post, crypto analyst Kevin Capital indicated that the first step is for the Bitcoin price to successfully reclaim $106,500. He noted that BTC had recorded a weekly close below this level, which puts the flagship crypto back in the danger zone. The analyst further remarked that BTC needs to get back above this level in the coming days or things can get “sketchy looking.” Kevin Capital added that this has been a key level for months, and nothing has changed.

Meanwhile, crypto analyst Titan of Crypto revealed that a Katana is forming on the weekly chart for the Bitcoin price. He explained that in Ichimoku analysis, a Katana forms when Tenkan and Kijun overlap. This signals low momentum and market equilibrium. He added that this development also precedes strong directional moves, with an expansion or pullback on the horizon.

At the time of writing, the Bitcoin price is trading at around $105,435, up in the last 24 hours, according to data from CoinMarketCap.

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