Bitcoin surges after Trump comments on Iran-Israel truce
Welcome to the Daily Tribune on Tuesday, June 24, 2025 ☕️
Hello Cointribe! 🚀
Today is Tuesday, June 24, 2025, and as every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn’t miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
☀️ Sunny
24h crypto recap! ⏱
💼 ProCap Financial raises $750M to create a Bitcoin giant
Anthony Pompliano merges ProCap BTC with Columbus Circle Capital via a SPAC to create ProCap Financial, a Bitcoin treasury company aiming for up to $1 billion in assets, with $516.5M in equity and $235M in convertible notes.
🇫🇷 Sequans invests $384M in Bitcoin for its treasury
Sequans, a French company specializing in IoT semiconductors, allocates $384M of its treasury to Bitcoin with support from Swan Bitcoin to secure the transaction.
🇺🇸 Texas creates a public Bitcoin reserve
Governor Greg Abbott signs SB 21 law authorizing the creation of a strategic Bitcoin reserve funded by public money, with dedicated management and a biennial report, making Texas the third state to reach this milestone.
📉 Strategy buys 245 BTC at a discount
Despite a recent correction, Strategy acquired 245 BTC for $26M at an average price of $105,856/BTC, bringing its holdings to 592,345 BTC for a year-to-date yield of 19.2%.
🚀 Coliseum: the Web3 tournament platform where every action pays
Coliseum allows players to earn XP for each match, invitation, or share, with full verification via the Guardian Network to ensure fairness.
With more than 3 million users, these XP define your reputation, unlock access to exclusive tournaments, and determine token distribution during the future Token Generation Event (TGE).
XP is easily earned: participating in competitions, daily spins, referrals, and social quests — all ways to progress and strengthen your position.
The Guardian Network ensures interaction transparency with an anti-fraud layer that certifies each point earned.
Crypto of the day: Render (RNDR)
🧠Technology & innovation
Render Network is a platform connecting creators (studios, graphic artists, VR/AI developers) and owners of spare GPUs via the Ethereum blockchain. It uses a validation mechanism called "proof of render", guaranteeing that rendering tasks are actually done before payment.
This model grants access to decentralized, flexible, and cost-effective graphic computing power, with real uses in animation, metaverse, 3D visualization, and artificial intelligence.
💰 RNDR Token – Utility & distribution
The RNDR token is the main exchange medium on the network. It is used to pay for GPU rendering services and to compensate validators (GPU providers).
Distribution is structured with a portion at the 2017 ICO and the rest intended for ecosystem growth, through incentives to nodes and application development.
📊 Market data (as of June 24, 2025)
Current price: $3.25 USD
24-hour change: +14%
Market capitalization: approximately $1.73 billion USD
Rank: #64
Circulating supply: approximately 518 million RNDR
24h trading volume: approximately $132 million USD
Iran vs Israel: Cryptos soar after ceasefire announcement
An unexpected statement from Donald Trump was enough to brighten the crypto market. While geopolitical tensions between Iran and Israel raised fears of an uncontrollable escalation, the former US president stated on Truth Social that a peace agreement would be signed within six hours. Result: Bitcoin, Ethereum, and XRP immediately jumped, triggering a massive wave of liquidations on short positions.
A Trump tweet and crypto rebounds: key figures of a quick surge
Shortly after Donald Trump posted a message promising a "complete and total ceasefire" between Israel and Iran, the main digital assets surged in a swift recovery movement. Bitcoin appreciated by +5%, briefly surpassing $105,550, while Ethereum showed an even stronger rise of +9%, reaching about $2,408. XRP was not left behind, with a gain of +7%.
This sharp reaction was accompanied by a massive liquidation of short positions on derivative markets: nearly $491 million was erased in 24 hours, including $161 million on Bitcoin alone and $140 million on Ethereum. This rally came after cryptos had suffered a sharp decline, following the US strikes on Iranian nuclear sites and Tehran’s retaliations against a US base in Qatar. The announcement effect thus acted as a powerful reversal catalyst.
Geopolitical risk, Fed, dollar: cryptos still at a crossroads
Beyond the technical rebound, the observed dynamic reflects a global investor sentiment shift, marked by a return to risk appetite. In traditional markets, the US dollar weakened, while so-called risk currencies such as the Australian dollar, New Zealand dollar, or Israeli shekel gained ground. Stock indices followed, encouraged by growing speculation around a Fed interest rate cut as early as July.
Nevertheless, cryptocurrencies still do not impose themselves as safe havens in analysts’ eyes. Indeed, for now, the structural volatility of digital assets and their strong correlation to macroeconomic expectations distance them from this role. Bitcoin, though temporarily up, remains dependent on external factors, economic or geopolitical.
The crypto market’s swift reaction to a simple political post once again demonstrates its nervousness towards external shocks. While digital assets seem to benefit in the short term from geopolitical calming, they remain rooted in a logic of sharp volatility, far from the stable safe haven image some still want to lend them.
