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- Community Morning Brief — Top Headlines 🔹 June 4, 2025
1. Data: Institutional buyers have increased their Bitcoin holdings by 417,000 BTC so far in 2025.
2. The U.S. has presented Vietnam with a complex list of demands in tariff negotiations.
3. Arkham stated on social media that Satoshi Nakamoto’s net worth has now surpassed Bill Gates’.
4. Trump’s Truth Social has filed an application for a Bitcoin ETF.
5. Bloomberg analyst: IBIT’s Bitcoin holdings could surpass Satoshi Nakamoto’s by the end of next year, becoming the world’s largest Bitcoin holder.
6. Attendees of Trump’s crypto dinner rec - #Satoshi Net Worth Tops Bill Gates#
Arkham announced on social media that Satoshi Nakamoto is now wealthier than Bill Gates, with a net worth reaching $116.7 billion compared to Gates' $116.2 billion.
💬 What does this mean for the crypto market? How will Satoshi's wealth impact Bitcoin's future and interest from mainstream investors?
#Trump BTC ETF Application#
Truth Social, operated by Trump Media & Technology Group, has applied for a Bitcoin spot ETF through a partner. The fund aims to track Bitcoin's spot price performance. If approved, Truth Social would be the first social media platfor - 👀 #GateCryptoGiveaway# - Whose eyes are these?
Memecoin Quiz: Guess the memecoins based on the eyes below!
💰 $10 Points * 4 winners
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1️⃣ Follow Gate_Post
2️⃣ Like this post
3️⃣ Drop your answer in the comments
📅 Ends at 04:00 AM, Jun 7 (UTC)
Cardano News: Can These 2 Factors Fuel a $10 ADA?
TL;DR
Whales Start Buying Again
As the largest market participants, especially for cryptocurrencies that lack ETFs or other funds allowing institutional exposure through regulated financial vehicles, whales’ actions are particularly significant for altcoins’ price movements.
ADA’s price is also highly susceptible to whether they buy or sell in massive quantities, as evident in late February when they were disposing of their assets, and the asset plunged.
However, data shared by Ali Martinez showcases a more promising current picture as they have accumulated over 180,000,000 ADA in the past week alone. In terms of USD value, this stash is equivalent to $135 million at today’s prices. The picture below indicates that whales’ holdings have surpassed 13 billion ADA, which is more than a third of the entire available token supply (35.33 billion, according to CoinMarketCap).
Bitcoin Ordinals Integration
Aside from whales filling their bags, which is considered a highly bullish development, another factor that could reverse ADA’s price trajectory is the growth and development of the network behind the token.
IOG announced such a big move yesterday, as Bitcoin Ordinals can now be wrapped and bridged to the Cardano blockchain via Fairgate’s BitVMX framework.
According to the statement, this marks a “significant advancement in decentralized finance, enabling seamless interaction between two of the most prominent blockchain systems.”
Dan Gambardello, a popular YouTuber and X content creator, praised the move and highlighted that it is a part of the ingredients for a potential ADA price surge to $10.