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Bitcoin Decouples From Global M2 Liquidity As Money Supply Hits Record High Global M2 liquidity reportedly crossed $135 trillion in June 2026. Bitcoin is trading far below its prior peak, creating a v

Bitcoin Decouples From Global M2 Liquidity As Money Supply Hits Record High
Global M2 liquidity reportedly crossed $135 trillion in June 2026.
Bitcoin is trading far below its prior peak, creating a visible divergence from liquidity expansion models.
Some analysts see a delayed catch-up rally, while others argue the relationship has structurally changed.
Past correlation between money supply and BTC price is not a guarantee of future performance.
Bitcoin is again testing one of crypto macro’s favorite assumptions: that rising global liquidity eventually pulls BTC higher. According to the June 16 writing handoff, global M2 liquidity has crossed a record $135 trillion, while Bitcoin remains far below its October 2025 peak and trades near the mid-$60,000 area.

That divergence is attracting attention because Bitcoin has often moved with global liquidity across prior cycles. When money supply expands, risk appetite and asset prices tend to improve. But this time, the relationship appears less direct.

The Catch-Up Rally Argument
The bullish interpretation is simple. Bitcoin is lagging, not breaking. Under that view, liquidity is still a powerful force, but it takes time to move from central banks and banking systems into risk assets. If the old relationship holds, BTC may eventually catch up as capital rotates from cash, bonds, and large-cap equities into higher-beta assets.

That argument has worked in parts of previous cycles. Bitcoin often looks disconnected until liquidity reaches the parts of the market willing to take more risk. Traders who follow global M2 models therefore see the current gap as a potential setup rather than a warning.

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Bitcoin Decouples From Global M2 Liquidity As Mone

ZK community stays bullish but engagement is low, with talk centered on L2 competition, liquidity, and launch/airdrop hype. On May 21, zkSync’s News log flagged a CNBC note on the industry’s shift to 

World Cup Predictions: 100,000 USDT DailyBTC Prophet: 20-Day 380 Million HTX ChallengeHTXCommunity4thAnniversary Polymarket’s $354M Iran Dispute Exposes Prediction Markets’ Settlement Problem Financia

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Polymarket’s $354M Iran Dispute Exposes Prediction Markets’ Settlement Problem
Financial markets largely moved on after the United States and Iran announced an agreement over the weekend. On Polymarket, traders are still debating whether the event happened at all.

The prediction market platform has processed more than $345 million in volume on contracts tied to a US-Iran peace deal. While both countries announced an agreement, the market remains unresolved because users disagree on whether the developments satisfy the contract’s requirement for a “permanent peace deal.”

Polymarket’s $354M Iran Dispute Exposes Prediction

World Cup Predictions: 100,000 USDT DailyBTC Prophet: 20-Day 380 Million HTX ChallengeHTXCommunity4thAnniversary🪙 $TAO — Bittensor Bittensor continues to be one of the most discussed AI-focused crypto

🪙 $TAO — Bittensor

Bittensor continues to be one of the most discussed AI-focused cryptocurrency projects as investors increasingly focus on the convergence of artificial intelligence and blockchain technology. The network is designed to create a decentralized marketplace where machine-learning models can collaborate, compete, and earn rewards based on the value they contribute to the ecosystem.

Recent market activity shows TAO maintaining strong interest from traders and long-term investors. Trading volume remains healthy as AI-related narratives continue driving attention toward projects with real technological utility. Bittensor's decentralized approach to AI development differentiates it from many traditional artificial intelligence platforms and has helped establish a dedicated community of supporters.

The ecosystem continues attracting developers interested in creating decentralized intelligence networks while reducing dependence on centralized AI providers. Many investors believe AI infrastructure projects could become one of the fastest-growing sectors within the digital asset market during the coming years.

Although volatility remains elevated, market sentiment remains positive due to increasing global interest in artificial intelligence. Investors continue monitoring adoption metrics, network participation, and broader market conditions for future direction.

📊 Price Prediction

Short-term: $300 – $500

Mid-term: $600 – $900

Bull cycle: $1,200+

🪙 

🪙 $TAO — Bittensor Bittensor continues to be one

World Cup Predictions: 100,000 USDT DailyBTC Prophet: 20-Day 380 Million HTX ChallengeHTXCommunity4thAnniversaryBitcoinWorldPump.fun’s Activity Slump Drags Down Solana Network Fees as Token Graduation

BitcoinWorldPump.fun’s Activity Slump Drags Down Solana Network Fees as Token Graduation Rate Collapses

The slowdown on Pump.fun, a Solana-based memecoin launchpad, is intensifying, according to data from The Block. The platform’s token graduation rate—the percentage of tokens that meet listing requirements for decentralized exchanges like Raydium—has plummeted by approximately 80% over the past three months to just 0.26%. Consequently, Pump.fun’s revenue, which stood at around $4.8 million six months ago, has shrunk to about $800,000 as of June. This decline in activity has also impacted the broader Solana network, where average daily fees have dropped from about 33,000 SOL in January to roughly 5,300 SOL in June.

Understanding the Graduation Rate Collapse

Pump.fun operates as a launchpad where new memecoins are created and traded before potentially ‘graduating’ to larger decentralized exchanges like Raydium. The graduation rate is a critical metric because it reflects the platform’s ability to generate sustainable value beyond initial speculative trading. A rate of 0.26% means that fewer than 3 out of every 1,000 tokens now meet the liquidity and market cap thresholds required for listing. This represents a dramatic drop from even three months ago, signaling a loss of confidence among creators and traders.

The decline is not isolated to a single metric. Revenue from trading fees on Pump.fun has fallen by over 83% from its peak six months ago, suggesting that both the volume of new token launches and the trading activity on existing tokens have contracted sharply. The Block’s data indicates that the platform’s daily revenue now hovers around $800,000, a level not seen since early 2024.

Broader Impact on Solana’s Fee Revenue

Pump.fun’s slowdown has direct consequences for the Solana network. As one of the most active applications on Solana, Pum

BitcoinWorldPump.fun’s Activity Slump Drags Down S

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World Cup Predictions: 100,000 USDT DailyBTC Prophet: 20-Day 380 Million HTX ChallengeHTXCommunity4thAnniversaryBitcoinWorldState Street Launches Money Market Fund Tailored for Stablecoin Reserve Mana

BitcoinWorldState Street Launches Money Market Fund Tailored for Stablecoin Reserve Management

State Street, one of the largest asset managers in the United States, has introduced a new money market fund specifically designed to help stablecoin issuers manage their reserve assets. The fund, named the State Street Stablecoin Reserve Money Market Fund (SSCXX), marks a significant step in bridging traditional finance with the growing digital asset ecosystem.

What the SSCXX Fund Offers

The SSCXX is classified as a government money market fund (MMF). According to details reported by The Block, the fund invests exclusively in cash, short-term U.S. Treasury securities, and repurchase agreements (repos). This conservative investment strategy is intended to provide stablecoin issuers with a secure and liquid vehicle for holding reserves, which is a critical requirement for maintaining the peg of stablecoins.

The launch comes as regulatory scrutiny around stablecoin reserves intensifies. The fund is structured to comply with the requirements of the ENIUS Act, a U.S. legislative framework aimed at establishing clear standards for stablecoin issuers, including how reserve assets must be held and managed.

Why This Matters for the Stablecoin Market

Stablecoins, such as USDC and USDT, are digital tokens pegged to fiat currencies like the U.S. dollar. Their stability depends entirely on the quality and transparency of the reserve assets backing them. Historically, some stablecoin issuers have faced criticism over the composition and transparency of their reserves, leading to market volatility and regulatory concerns.

By offering a regulated, government-focused money market fund, State Street provides an institutional-grade solution that could enhance trust and compliance across the stablecoin sector. This move aligns with broader trends where traditional fina

BitcoinWorldState Street Launches Money Market Fun

$ENJ {future}(ENJUSDT) Price is trading below a strong resistance zone around 0.03340 - 0.03420. Multiple rejections near resistance suggest weakening bullish momentum. As long as price remains below 

World Cup Predictions: 100,000 USDT DailyBTC Prophet: 20-Day 380 Million HTX Challenge1$ Margin TradeGrayscale Analysis Pegs AAVE as Undervalued, Sets $175 Bull Case Targ Cryptocurrency asset manager 

Grayscale Analysis Pegs AAVE as Undervalued, Sets $175 Bull Case Targ

Cryptocurrency asset manager Grayscale has released a research report suggesting that Aave’s native token, $AAVE, is currently undervalued relative to the protocol’s underlying revenue and cash flow generation. The analysis, published on June 16, applies a Discounted Cash Flow (DCF) model to estimate a fair value range for the token, with a more ambitious bull-case scenario projecting a price target of approximately $175 within the next year.

Valuation Methodology and Fair Value Estimate

The report, titled “A Guide to Buying the Dip: Valuing Crypto Using Cash Flows,” positions Aave as a relatively stable player in the decentralized finance (DeFi) sector, characterized by transparent financial operations. Grayscale’s analysts project that Aave will generate roughly $60 million in revenue this year. Using a traditional DCF model—a method more commonly applied to equities than digital assets—the firm estimates $AAVE’s fair value to be between $80 and $100. This suggests that at current trading levels, the token may be trading at a discount to its fundamental worth based on its cash flows.

Challenges and Market Context

The analysis acknowledges that Aave has not been without its recent difficulties. The protocol has faced headwinds, including the departure of some core developers and a period of deposit outflows. These factors have contributed to market uncertainty and likely weighed on the token’s price. However, Grayscale’s assessment appears to view these as temporary setbacks that do not fundamentally alter the protocol’s long-term revenue-generating potential.

Grayscale Analysis Pegs AAVE as Undervalued, Sets

Proof of Value ( $PROVE ) is rallying as institutional adoption spikes, pushing price toward the $1.20 resistance while volume surges. Beam ( $BEAM ) remains anchored near its $0.02 support, but a rec

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World Cup Predictions: 100,000 USDT DailyBTC Prophet: 20-Day 380 Million HTX ChallengeHTXCommunity4thAnniversaryBitcoinWorldEuro edges above 1.1600 as German ZEW sentiment data beats expectations The 

BitcoinWorldEuro edges above 1.1600 as German ZEW sentiment data beats expectations

The euro edged higher against the US dollar on Tuesday, briefly trading above the 1.1600 level, after the release of stronger-than-expected German ZEW Economic Sentiment data for October. The single currency gained modest traction as investor confidence in Europe’s largest economy improved, offering a temporary reprieve for the eurozone currency.

ZEW data provides short-term support

The ZEW Indicator of Economic Sentiment for Germany rose to 22.3 in October, surpassing market forecasts of 20.0 and marking an improvement from the previous month’s reading of 19.9. The data reflects a cautiously optimistic outlook among institutional investors, driven by expectations of stabilizing inflation and potential policy support from the European Central Bank.

While the headline figure was positive, analysts note that the broader economic backdrop remains challenging. Manufacturing activity in Germany continues to contract, and global demand remains subdued. The ZEW survey captures sentiment rather than hard activity data, limiting its immediate impact on currency markets.

EUR/USD technical and market context

The euro’s move above 1.1600 came amid relatively thin trading conditions, with US markets closed for the Columbus Day holiday. The dollar index edged slightly lower, providing additional room for EUR/USD to test resistance near the 1.1620 region.

From a technical perspective, the 1.1600 level has acted as a key psychological and technical pivot in recent weeks. The pair has oscillated between support near 1.1520 and resistance around 1.1650, reflecting a broader consolidation phase. Traders are watching for a sustained break above 1.1620 to signal further upside potential toward the 1.1700 area.

Why this matters for forex traders

The ZEW data offers a short-term ca

BitcoinWorldEuro edges above 1.1600 as German ZEW

ARDR buzz is quietly bullish despite low engagement. On Jun 2, Jelurida shipped Ardor Production v2.6.2, and on Jun 8 confirmed it as a mandatory bugfix update (Atomic Transaction Chain fixes). On Jun 15, a new wallet tutorial dropped.

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