June 16, 2025

The biggest crypto news and ideas of the day 

Welcome to The Node! This is Ben Schiller to take you through the latest crypto news from CoinDesk's reporters.

Today's Op-Ed

Home on the (BTC) Range

BY ANDY BAEHR

Hi. I’m Andy Baehr with the CoinDesk Indices team.

Question: Bitcoin is stuck in a range. Is that a bad thing or a good thing?

• Bitcoin has maintained a 10% trading range (~$101K - ~$111K) for 40 days due to an unclear macro picture influenced by inflation expectations and interest rate speculations.
• This range-trading supports bitcoin's store-of-value narrative, suggesting relative stability and independence from other risk assets, though the S&P 500 has shown a similar pattern.
• Low volatility within the range is causing restlessness among traders and negatively affecting other digital assets, as the CoinDesk 20 Index has underperformed bitcoin.
• Bitcoin's current 40-day range-holding period is close to historical highs, with similar stretches occurring in 2018, 2020, and 2023, raising the question of whether a longer 50-day streak is possible.

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

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Tron Looks to Go Public in the U.S

• The new venture will buy and hold TRX, like bitcoin holding firm Strategy
• The deal is being managed by New York-based investment bank Dominari Securities

Stablecoins to Evolve Into 'Money Rail of Internet'

• U.S. stablecoin regulation is likely to be passed into law in the coming months
• Stablecoins are expected to evolve into the money rail of the internet once this legislation is passed, according to Wall St. broker Bernstein

Truth Social Files for Dual Bitcoin and Ether ETF

• Parent company filed an S-1 with the SEC to launch a spot Bitcoin and Ethereum ETF, allocating 75% to bitcoin and 25% to ether
• The move aligns with the Trump family's crypto interests as World Liberty Financial is heavily focused on Ethereum