NiftyNoon: Bitcoin Brushes Off Trump-Musk Feud 💪🏛️🟠
Bitcoin held firmly above $105K over the weekend, weathering the political storm from a Trump-Musk feud that sent Dogecoin's price tumbling down (June 9, 2025)
Nifty Thought:
The crypto world watched this week as a high-profile feud between President Donald Trump and Elon Musk escalated, creating ripples across markets. The public dispute, which involved threats of "serious consequences" and the cancellation of government contracts, coincided with Musk's official departure from the Department of Government Efficiency (DOGE). The fallout was felt most acutely by Dogecoin holders, as the meme coin, long-championed by Musk, saw its price slide over 20% during the week. The coin's price, which has historically been sensitive to Musk's public sentiment and actions, appears to be paying the price for the public breakup.
In stark contrast to the drama surrounding DOGE, Bitcoin has shown remarkable strength. The leading cryptocurrency held firm above the key $105,000 support level over the weekend, seemingly unfazed by the political theatrics that could rattle traditional equity markets. This resilience may suggest a growing narrative among investors who see Bitcoin as a hedge against institutional dysfunction and partisan conflict. While other tech leaders in Silicon Valley quietly navigate their relationship with Washington, Bitcoin's steady performance could be a sign of its continuing maturation as an asset class, one that is increasingly insulated from the feuds of powerful individuals.
Highlighted News:
🥊 President Donald Trump threatened to cut off government contracts with billionaire Elon Musk's companies, while Musk suggested Trump should be impeached:
https://x.com/Reuters/status/1930794460868227383
🍎 Big Tech firms like Apple, Airbnb, Google, and X are exploring stablecoin integration:
https://x.com/leomschwartz/status/1931032767883825217
🚀 Metaplanet has launched Asia’s largest-ever equity raise dedicated to Bitcoin:
https://x.com/gerovich/status/1930890049530520018
🟠 Strategy announces pricing of its Stride Perpetual Preferred Stock $STRD Offering and upsizes the deal from $250M to $1B:
https://x.com/saylor/status/1930943414813573357
💰 Trump Media to raise up to $12 Billion to buy Bitcoin:
https://x.com/BTC_Archive/status/1930952063850041573
🇺🇸 Two memecoins tied to Elon's new "America Party" launched after his posts last night:
https://x.com/Tyler_Did_It/status/1931332816534483395
Project and Community News:
@Gemini has confidentially filed for an IPO with the @SECGov: https://x.com/eleanorterrett/status/1931045228149968926?s=46
$TRUMP Meme Coin has aligned with @WorldLibertyFi: https://x.com/EricTrump/status/1931089248926490772
ogle(@cryptogle), the advisor of @worldlibertyfi, deposited 1M $USDC to Hyperliquid and shorted $TRUMP with 10x leverage hours ago: https://x.com/lookonchain/status/1930805770947637632?s=46
Ripple and @Web3Salon, supported by JETRO, are launching a new partnership for Japan-based Web3 startups: https://x.com/ripplexdev/status/1931882285265252593?s=46
@moonpay was granted a BitLicense and Money Transmitter License by the New York State Department of Financial Services: https://x.com/keithgrossman/status/1931717369996402698?s=46
Congressman @RepTimBurchett introduced a House Bill yesterday to codify President Trump's Strategic Bitcoin Reserve Executive Order: https://x.com/bitcoin_laws/status/1931402452059992290?s=46
Introducing Stable, a new Layer 1 blockchain where USDT is the native gas, and peer-to-peer USDT transfers are free: https://x.com/stable/status/1930626732144640175
Active loans on @base surpassed $1 billion: https://x.com/tokenterminal/status/1931458490834518047
Introducing Alkamist: a new experiment in luck-based token mining, powered by the Alkanes metaprotocol from @oylwallet: https://x.com/hathbanger/status/1931862849225212336?s=46
Berachain is quickly becoming a ghost chain: https://x.com/cryptorick98/status/1931338614996406315?s=46
@pudgypenguins acquired the PENGU ticker on @HyperliquidX: https://x.com/pudgypenguins/status/1931004077116117146?s=46
Impressive comeback of $ANIME: https://x.com/waleswoosh/status/1931620811976200355?s=46
1st Ed. Zard sold for $25.5K on Courtyard: https://x.com/courtyard_io/status/1931842029912523053?s=
@farcaster_xyz Support for HyperEVM in wallet and mini apps is live: https://x.com/farcaster_xyz/status/1930329296645828769
Quick Stats:
👾 Blur ETH Daily Volume: ETH (▲ 54.29%)
🌊 OpenSea ETH Daily Volume: 819.19 ETH (▼ 16.77%)
🟠 BTC : $107,291.28 (▲ 1.24%)
🔷 ETH: $2,528.01 (▲ 0.25%)
🟣 Solana: $154.12 (▲ 2.22%)
🟪 Polygon: $0.21 (▲ 0.26%)
Top NFT Sales:
CryptoPunks #8075: 51.80 ETH
CryptoPunks #6273: 44.25 ETH
CryptoPunks #4960: 45.30 ETH
NFT Daily Winners:
👾 Tensorians: 2.74 SOL (▲ 8.89%)
🦧 Bored Ape Yacht Club: 12.89 ETH (► 0.00%)
🏳🌈 Chromie Squiggles: 4.75 ETH (► 0.00%)
NFT Daily Losers:
🍭 Mocaverse: 1.47 ETH (▼ 0.03%)
⛩ Azuki: 2.10 ETH (▼ 0.05%)
💼 Ordinal Maxi Biz: 0.02 BTC (▼ 0.50%)
🐧 Pudgy Penguins: 9.12 ETH (▼ 0.96%)
🧙♂️ Taproot Wizards: 0.17 BTC (▼ 0.96%)
🚬 CryptoPunks: 44.50 ETH (▼ 1.09%)
🐵 NodeMonkes: 0.03 BTC (▼ 3.12%)
👩🏻 Milady Maker: 2.18 ETH (▼ 3.24%)
🏴☠ Captainz: 0.37 ETH (▼ 4.32%)
🐱 Quantum Cats: 0.02 BTC (▼ 4.43%)
🧦 Bitcoin Puppets: 0.03 BTC (▼ 4.67%)
😡 Mad Lads: 34.93 SOL (▼ 5.25%)
Notes:
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