06.03.25: Strategy Buys the Dip / Ethereum Eyes $3K Breakout

Plus discover the memecoin that just raised $12M 👇

Author

Macro Point Daily
June 03, 2025

👋 Welcome Back to Macro Point Daily, The smartest crypto take of the day — macro trends, market moves, daily charts, and a side of memes.

Every day we provide the 5 stories which matter most in crypto, and one just for the degens.

In Today’s Edition

  • 📈 Strategy adds 705 BTC, now holds over 580K

  • 🏦 Fed’s Waller hints at possible rate cuts

  • 📊 Ethereum forms bullish cup-and-handle pattern

  • 🚀 Solana project launch boosts trading volume

  • 🛠 Flare Network partners with Uphold for XRP staking

  • 🐸 MIND of Pepe presale hits $12M ahead of DEX launch

Let’s dive in.👇

Today’s Edition

📌 Strategy Buys the Dip: Adds 705 BTC Amid Market Pullback

Corporate giant Strategy increases Bitcoin holdings to over 580K BTC

Strategy, led by Michael Saylor, has once again demonstrated its commitment to Bitcoin by purchasing an additional 705 BTC for approximately $75.1 million. This acquisition brings the company's total holdings to 580,955 BTC, acquired at an average price of $70,023 per coin. The recent purchase was made during a market dip, with Bitcoin trading around $103,000, showcasing Strategy's confidence in the long-term value of the cryptocurrency.

  • 🏦 Strategy's total Bitcoin holdings now exceed $40 billion

  • 📉 Purchase made during Bitcoin's dip to around $103K

  • 🚀 Demonstrates continued corporate confidence in Bitcoin

📉 Fed's Waller Open to Rate Cuts Despite Tariff Pressures

Interest rate cuts remain possible later this year

Federal Reserve Governor Christopher Waller indicated that interest rate cuts are still on the table for later this year, even as new tariffs from the Trump administration could temporarily increase inflation. Waller emphasized that if underlying inflation continues to progress toward the 2% goal and the job sector remains solid, he would support "good news" rate cuts. This stance suggests a potential easing of monetary policy despite current trade tensions.

  • 🏦 Fed's Waller signals openness to rate cuts in 2025

  • 📈 Tariffs may temporarily boost inflation, but not deter policy easing

  • 📉 Potential easing could support economic growth amid trade tensions

📊 Ethereum Forms Cup-and-Handle Pattern: Eyes $3,000 Breakout

Technical analysis suggests potential bullish movement for ETH

Ethereum is currently forming a bullish cup-and-handle pattern above its 200-day EMA, trading around $2,509. This technical formation indicates a potential breakout above the $3,000 resistance level. If the pattern completes and breaks out as expected, Ethereum could see significant upward momentum in the near term.

  • 📈 Ethereum trading above 200-day EMA at $2,509

  • 🕳️ Cup-and-handle pattern suggests bullish breakout potential

  • 🚀 Break above $3,000 could lead to significant gains

Solana Ecosystem Gains Momentum with New Project Launch

New project launch drives increased trading volume on Solana

A new project has launched on the Solana blockchain, leading to a surge in trading volume and renewed interest in the ecosystem. The launch has attracted attention from traders and investors, highlighting Solana's growing role in the decentralized application space. This development could signal further growth and innovation within the Solana network.

  • 🚀 New project launch boosts Solana's trading volume

  • 🔍 Increased interest in Solana's decentralized applications

  • 📈 Potential for further growth in Solana ecosystem

🛠 Flare Network Partners with Uphold to Introduce XRP Staking

FLR token eyes 26% breakout rally following partnership announcement

Flare Network has announced a partnership with Uphold to introduce XRP staking via the Flare Network. This collaboration has led to a rally in the FLR token, which is eyeing a 26% breakout. The partnership aims to enhance the utility of XRP and expand Flare Network's offerings in the decentralized finance.

  • 🤝 Flare Network partners with Uphold for XRP staking

  • 📈 FLR token rallies, targeting 26% breakout

  • 🔗 Partnership enhances XRP's utility in DeFi

Degen Domain

🐸 MIND of Pepe Presale Hits $12M Ahead of DEX Launch

AI-powered memecoin combines humor with utility

MIND of Pepe, an AI-powered memecoin, has raised over $12 million in its presale, with less than 24 hours remaining before its decentralized exchange (DEX) launch. The project merges meme culture with artificial intelligence, offering a unique proposition in the crypto space. With staking rewards and a strong community, MIND of Pepe is poised to make waves upon its official launch.

  • 🧠 MIND of Pepe raises $12M in presale

  • ⏰ Less than 24 hours until DEX launch

  • 🐸 Combines AI technology with meme culture

💬 Quote of the Day

"In crypto, volatility is not a bug — it's a feature. Learn to ride the waves, or stay on the shore."
— Unknown trader on Crypto Twitter 🌊📉📈

See you tomorrow. Forward to a friend who still thinks ETFs are boring.

📉📈🧠🫡
— Macro Point Daily