Galaxy Digital CEO Mike Novogratz has linked Bitcoin’s latest price drop to growing concern around Strategy, the company formerly known as MicroStrategy.
Summary
Novogratz says Strategy stress has become a core reason behind Bitcoin’s latest confidence shock. Weak crypto demand and strong-dollar policy comments added macro pressure as traders watched support levels. Related Strategy reports show STRC pressure, dividend costs, and cash reserves remain market concerns. Speaking on an All Things Markets episode, Novogratz said the sell-off reflects a mix of Strategy pressure, weak crypto sentiment, and macro stress.
Strategy pressure takes center stage Novogratz said the current Bitcoin weakness is tied to what he called a “MicroStrategy-led breakdown in confidence.” He said the problem is not only Bitcoin’s price, but also investor concern around Strategy’s funding model.
Mike Novogratz (@novogratz) is sounding the alarm this week. If the ultra-wealthy don't figure out a way to share the gains from AI, the pitchforks are coming, and history tells us exactly what that looks like. We're breaking down the widening wealth gap, Alan Greenspan's lasting… pic.twitter.com/egwAeghtUn
— Anthony Scaramucci (@Scaramucci) June 27, 2026 Strategy remains the largest public corporate holder of Bitcoin. Its stock and preferred securities have become a key part of how traders judge risk across the wider Bitcoin market.
The comments follow weeks of debate over Strategy’s capital structure. As previously reported, the company’s Bitcoin flywheel has come under pressure as its stock traded below the value of its Bitcoin holdings.
That shift matters because Strategy used its stock premium for years to raise capital and buy more Bitcoin. When that premium weakens, raising fresh capital becomes harder and market confidence can fade.
STRC weakness adds to market concern Novogratz also pointed to poor trading in Strategy’s preferred products. He said “the Saylor thing is real” and noted that the company’s perpetuals were trading weakly.
The pressure centers on STRC, Strategy’s preferred stock product. STRC was designed to trade close to $100, but market stress has pushed it below that level at several points.
As previously reported, CryptoQuant said Strategy’s annual dividend obligations had risen to about $1.2 billion. The firm also said dividend coverage had dropped to about 14 months as cash reserves declined.
That warning added to earlier concerns after Strategy sold 32 BTC in late May. The sale raised about $2.5 million and marked the company’s first reported Bitcoin sale since December 2022.
Macro pressure weighs on Bitcoin Novogratz also cited macro policy as another reason for Bitcoin’s weak price action. He pointed to hawkish central bank signals and stronger support for the U.S. dollar.
He said “strong dollar is weak Bitcoin.” His view is that a stronger dollar can reduce demand for risk assets, including Bitcoin, during periods of market stress.
That view fits with the wider market mood. Bitcoin has also faced pressure from ETF outflows, weaker liquidity, and cautious options positioning.
Aspreviously reported, ETF flows and Strategy concerns have weighed on trader sentiment. Bearish exposure near the $60,000 area also showed that traders were preparing for more downside risk.
Bitcoin faces key support test Novogratz said the $59,000 to $60,000 zone is now important for Bitcoin. He warned that if this level fails, the market could open a path toward $45,000.
He also said the next move remains hard to call. In his words, the chance of a deeper drop or recovery is “50/50” because the setup is complicated.
The comments show how closely traders now watch Strategy as part of the Bitcoin market. The company’s balance sheet, STRC performance, and cash position have become market signals.
For now, Bitcoin’s next test sits near the same level Novogratz named. A hold above the $59,000 to $60,000 area could calm traders, while a break below it may bring more selling pressure.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
M continues to drop hard, while VELVET has entered the top 100 alts after a 30%+ surge today.
Bitcoin’s price has remained relatively stable at around $60,000 over the weekend despite the new attacks in the Middle East and the broken ceasefire.
Most altcoins have marked minor losses on a 24-hour scale, while ZEC has dropped the most from the larger caps. AAVE has also slipped below $90 after a massive correction today.
BTC Stagnant Around $60K The primary cryptocurrency has a strong start to the business week by surging to $65,500 after it had recovered the $64,000 support over the weekend. However, that was short-lived, and the next several days were extremely painful. At first, the bears drove it south to under $62,400, before the next two leg downs brought multi-year lows.
The cryptocurrency plummeted on Wednesday to $59,000 as the FUD around Strategy kept increasing. After a dead-cat bounce to $62,000 on Thursday, BTC experienced another massive decline. This time, it plunged to $58,000, its lowest price since late 2024.
The bulls were finally able to reemerge at this point and didn’t allow another breakdown. Instead, BTC rebounded by a couple of grand and has remained at around $60,000 for most of the past 36 hours.
This calmness now is rather surprising, given what happened in the Middle East. The US and Iran started exchanging blows and blaming each other for breaking the ceasefire.
Bitcoin’s market capitalization stands above $1.2 trillion on CG, while its dominance over the alts has neared 56% once again.
BTCUSD June 28. Source: TradingView ZEC, M Drop Although the chart below will show that most altcoins are in the red today, their declines are rather negligible compared to what transpired during the week. Ethereum continues to stand inches below $1,600, XRP is at $1.05, SOL is above $70, and HYPE is at $63. BNB has dropped slightly more, while DOGE is down by over 2.3%.
ZEC has dumped the most from the larger-cap alts today, struggling at $385. AAVE has lost much of the traction from yesterday as it’s back below $90 now. M continues to dig new lows, as another 13% decline has pushed it to $0.68. In contrast, VELVET has risen by 30% and has entered the top 100 alts by market cap. PUMP follows suit with a 15% surge.
The total crypto market cap has lost around $20 billion daily and is below $2.160 trillion on CG.
Cryptocurrency Market Overview June 28. Source: QuantifyCrypto
Michael Saylor Again Posts Bitcoin Tracker Info, May Disclose Increased Holdings Data Next Week
PANews June 28 news — Michael Saylor, founder and executive chairman of Bitcoin treasury company Strategy, once again posted Bitcoin Tracker-related information. Based on past patterns, Strategy always discloses additional Bitcoin purchases the day after such information is released.
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a16z co-founder: Zhipu GLM-5.2 is the first Chinese AI system to comprehensively benchmark against top US models
Michael Saylor, founder of MicroStrategy, has once again shared updates on Bitcoin Tracker, remarking, “We are gonna need more charts.” Per historical trends, MicroStrategy typically announces increases to its Bitcoin holdings the day after such statements.
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Marc Andreessen: Zhipu AI’s GLM-5.2 Rivals Top U.S. Open Models, Large Language Model Capabilities Gradually Move Toward a Multipolar Competitive Landscape
According to monitoring by Beating, a16z co-founder Marc Andreessen noted that many AI practitioners and industry insiders consider Zhipu GLM-5.2 to be the first Chinese AI model that can match or even outperform open models from leading U.S. labs on most tasks, while also being balanced across multiple capability dimensions. This development carries "extremely critical timing significance" amid accelerating global AI competition, as large model capabilities are gradually shifting from being dominated by a small number of U.S. labs to a multipolar competitive landscape. Click the original link below to join Beating’s Feishu AI News Channel, which provides 24/7 uninterrupted monitoring of global AI hotspots and news.
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Bank of America: Three key thresholds for US stocks to trigger a "full risk-off" this summer, with signals for these conditions already building up.
BofA Securities chief strategist Michael Hartnett outlined three thresholds for a "full risk-off" trigger this summer in his latest Fund Flow Report: the Mag7 ETF falling below $60, USD/JPY dropping below 110, and the yield curve inverting again. None of these conditions have been met yet, but related signals are building. U.S. stock funds posted a net outflow of $8.5 billion, the first such outflow since March, following a historic $119.2 billion net inflow. The divergence where hyperscale cloud providers continue to underperform chip stocks has pushed the sustainability of AI capital spending to the core of market debate: Apple’s MacBook price hikes and Microsoft’s Xbox price increases are both directly tied to rising memory costs. Rack memory prices at Vera Rubin have surged by 435% cumulatively, and Goldman Sachs forecasts AI capital spending could reach as high as $1.4 trillion by 2027. Hartnett’s core ongoing question is: How much further do cloud providers need to fall before the market starts pricing in capital spending cuts? U.S. equity funds have shifted ahead of the curve, with liquidity flowing out of tech giants and into cyclical assets including semiconductors, small-caps, housing, and REITs — a move the market interprets as a front-run bet on a policy shift toward "affordability". For asset classes, Hartnett believes gold remains highly valuable for allocation below $4,000, and going long on long-dated U.S. Treasuries is currently the most contrarian long-term trade. The U.S. dollar is only suitable for short-term holding rather than long-term allocation, while going long on emerging markets over the long term is his strategic stance. Since Fed Chair Waller took office on May 22, U.S. Treasuries have risen by 3.2% cumulatively, while stocks have fallen by 1.6%, with bonds outperforming significantly.
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Bank of America: There are three key thresholds for US stocks to trigger a full-scale risk-off move this summer; none of the conditions have been triggered yet, but relevant signals are accumulating.
Bank of America Securities chief strategist Hartnett outlined three triggers for a "full risk-off" environment this summer in his latest Fund Flow Report: Mag7 ETF falling below $60, USD/JPY dropping below 110, and the yield curve inverting again. None of these conditions have been met yet, but signals are building. U.S. equity funds have posted a net outflow of $8.5 billion, the first such outflow since March, following a historic $119.2 billion net inflow. The divergence where hyperscale cloud providers continue to underperform chip stocks has put the sustainability of AI capital expenditure at the center of market debate: Apple’s MacBook price hikes and Microsoft’s Xbox price increases are both directly tied to rising memory costs. Vera Rubin rack memory prices have surged 435% cumulatively, and Goldman Sachs projects AI capital expenditure could reach as high as $1.4 trillion by 2027. Hartnett’s core ongoing question is: How much further do cloud providers need to fall before the market begins pricing in capital expenditure cuts? U.S. equity funds have already shifted ahead of time; liquidity flowing out of tech giants is pouring into cyclical assets like semiconductors, small-caps, housing, and REITs, a move the market interprets as a front-run bet on policy shifting toward "affordability." At the asset class level, Hartnett believes gold still holds strong allocation value below $4,000, and going long on long-dated U.S. Treasuries is the most contrarian long-term trade right now. The U.S. dollar is only suitable for short-term holding rather than long-term allocation, and his strategic view is to go long on emerging markets over the long term. Since Fed Chair Waller took office on May 22, U.S. Treasuries have risen 3.2% cumulatively, while stocks have fallen 1.6%, with bonds significantly outperforming.
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Samsung Electro-Mechanics plans to sign a 500 billion won large order for AI server MLCCs, and will partner with Sumitomo Chemical to develop glass substrate business.
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Crypto KOL Ansem has continued pumping his eponymous meme coin, with ANSEM’s market cap briefly surging past $78 million.
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Serenity: Automotive and robotics supply chains are converging, positioning Germany’s Schaeffler – a key player in core components – for a pricing revaluation.
Serenity has released an analysis on whether automotive and robotics supply chains are converging, taking Germany’s Schaeffler (market cap ~€7.47 billion) as a key case study. Schaeffler has partnered with 45 humanoid robot firms, with its product portfolio covering core components including bearings, gearboxes, sensors/ECUs, actuators, and power electronics. The company estimates its products make up roughly 50% of a humanoid robot’s bill of materials, and targets 10% of the segment’s market share. However, Schaeffler’s 2030 robotics revenue forecast is only in the hundreds of millions of euros—far lower than Elon Musk’s optimistic outlook for the market. Serenity dubs this a typical "sandbagging forecast," a deliberate understatement. Serenity also highlighted other notable targets, such as Nabtesco (focused on joint reducers) and Sanhua Intelligent Controls, which supplies components for Tesla’s Optimus robot. On the investment front, Serenity argues these traditional auto parts firms are currently undervalued due to drag from their core automotive businesses, while humanoid robots and AI-powered vehicles will serve as key growth vectors. The chairman of TSMC recently also cited AI vehicles as a growth vector. But a critical prerequisite is the emergence of killer apps and leading downstream players—similar to ChatGPT or Anthropic—to truly drive the entire upstream supply chain ecosystem. Currently, robotics business accounts for only ~1% of these firms’ total revenue, so the market remains focused on immediate bottlenecks like memory chips and MLCCs in the short term. Serenity predicts that as humanoid robots evolve along different architectural routes, future "unexpected supply chain bottleneck surprises"—akin to HBM or MLCC—will emerge, bringing pricing power and revaluation opportunities for early-positioned companies. In terms of timing, post-2027 is likely to act as a clear catalyst.
Nearly 50,000 BTC were reported as moving to exchange addresses at a loss by short-term holders. The movement points to capitulation-style behavior among newer holders under price pressure. Risk note: Do not say this guarantees a market bottom or immediate trend reversal. For more details, visit the official Cryptoquant platform.
Short-term holder stress is becoming visible in on-chain exchange-flow data Capitulation Signals: 50,000 BTC Deposited to Exchanges at a Loss is a timely crypto-market story because it gives readers a clear signal to watch without leaning on hype or unsupported price targets.
The important point is not just the headline number or technical level. It is the way that signal fits into the wider market: liquidity is thinner, Bitcoin direction is fragile, and traders are paying closer attention to flows, wallet activity, derivatives positioning, and official ecosystem updates.
What the verified setup shows Nearly 50,000 BTC were reported as moving to exchange addresses at a loss by short-term holders. The movement points to capitulation-style behavior among newer holders under price pressure.
Large exchange inflows require careful interpretation because internal exchange wallet movement can sometimes distort signals.
That makes this a useful setup for readers who want to understand what is actually changing beneath the surface. It also helps separate measurable market data from the more speculative narratives that often appear during volatile weekends.
Why this matters for the market For Bitcoin capitulation, the signal matters because it offers a specific lens for the current market rather than a vague bullish or bearish call. In a weak or uncertain tape, traders tend to focus on the data points that can be checked directly: flows, wallet routes, support zones, funding, moving averages, official technical updates, or security disclosures.
This is especially important in the current environment. Bitcoin has been trading near important support, altcoins remain sensitive to broader risk appetite, and institutional or on-chain activity can quickly become part of the market narrative.
What traders should avoid assuming Do not say this guarantees a market bottom or immediate trend reversal.
That caution matters because many of these signals can be misread. ETF outflows do not automatically mean permanent institutional retreat. Wallet transfers do not automatically mean selling. Technical support does not guarantee a bounce. Developer updates do not immediately translate into price action.
What to verify next The next validation path is: CryptoQuant Exchange Inflow SOPR and Glassnode realized profit/loss metrics. This is the key step before treating the setup as anything more than a developing market or ecosystem signal.
Exchange wallet labeling and internal shuffling can distort the interpretation of holder-to-exchange flows.
This report is based on publicly available on-chain and market data.
This article was written by the News Desk and edited by Samuel Rae.
Michael Saylor is doing the thing again. The Strategy executive chairman posted on X on June 28, sharing the company’s Bitcoin acquisition tracker alongside a single line: “We’re gonna need more charts.”
If you’ve been paying attention, you know what that means. It’s the same playbook Saylor has run all month, with similar teaser posts on June 7 and June 21 preceding formal disclosures of additional Bitcoin purchases.
Strategy, formerly known as MicroStrategy, has built its entire corporate identity around one bet: Bitcoin goes up over the long run, and anyone who buys enough of it will be rewarded. The company is the largest public corporate holder of Bitcoin on the planet, having accumulated thousands of coins across multiple acquisition cycles funded primarily through equity and preferred stock offerings.
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What makes this latest tease notable is the context surrounding it. At one point in June 2026, Strategy’s Bitcoin holdings were reportedly $11.7 billion underwater. Saylor has previously stated that the company is “not going to be selling” even in adverse scenarios, and has gone further by saying Strategy will continue buying Bitcoin “forever.”
How Strategy keeps buying The company doesn’t just dip into a corporate checking account when it wants more coins. It raises fresh capital through equity offerings and preferred stock sales, then deploys that capital into Bitcoin.
Recent transaction data illustrates the company’s approach. Small sales of 32 BTC were followed by substantially larger repurchases, a pattern that reinforces the idea that any selling is tactical and temporary, while the buying is structural and ongoing.
What this means for investors The $11.7 billion in unrealized losses is a number worth sitting with. Most companies that find themselves that deep underwater on an investment start talking about “strategic reviews” and “reassessing priorities.” Saylor is posting memes about needing more charts.
What to watch next is straightforward: the formal acquisition announcement that almost certainly follows this latest tease. If the pattern from June 7 and June 21 holds, a specific purchase disclosure should land within days.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin is trading near $60,000 after a volatile week that pushed the largest cryptocurrency to its lowest level since late 2024.
Summary
Bitcoin is holding near $60,000 despite Middle East tension and renewed pressure from Strategy concerns. Analysts say a break above $66,000 could revive momentum, while $58,000 remains key support. On-chain data shows weaker short-term holder dominance, a structure often seen near accumulation zones. The price has stayed calm through the weekend, even as new tension in the Middle East tested risk appetite across global markets.
BTC had opened the previous business week with strength, rising to about $65,500 after reclaiming support near $64,000. That move failed to hold. Sellers later pushed the asset below $62,400, then toward $59,000, before another drop sent Bitcoin near $58,000.
Bitcoin steadies after sharp weekly sell-off Bitcoin’s latest price action shows a market trying to hold a base after a fast decline. BTC now trades around the $60,000 area, with bulls defending the zone after repeated tests below that mark.
The weekend calm stands out because the U.S. and Iran exchanged fresh blame over the broken ceasefire. Earlier this month, Bitcoin had climbed above $65,500 after a U.S.-Iran deal eased oil and inflation fears across markets.
That relief rally did not last. Bitcoin soon lost strength as traders returned to concerns around liquidity, ETF flows, and Strategy-related risk.
The current setup leaves BTC stuck between two near-term levels. A move below $58,000 could invite more selling, while a clean recovery above $64,000 to $66,000 may show that buyers are regaining control.
Strategy fears remain a market pressure point One of the main pressure points remains Strategy, the company formerly known as MicroStrategy. Growing concern around its capital structure has affected Bitcoin sentiment because the firm remains the largest corporate holder of BTC.
As previously reported, Bitcoin fell below $60,000 for the second time in June as liquidations topped $850 million. Strategy shares also dropped sharply as traders watched the company’s stock, preferred shares, and Bitcoin treasury.
Another report said Strategy’s Bitcoin flywheel has started to work in reverse. The company once used a stock premium to raise capital and buy more BTC, but weaker market pricing now makes that model harder to sustain.
CryptoQuant has also urged Strategy to pause Bitcoin purchases and rebuild cash reserves. The firm said dividend coverage tied to STRC had fallen to about 14 months as cash reserves declined.
This pressure does not mean Strategy must sell Bitcoin now. Still, the market is watching whether further stress in STRC or MSTR could create more fear around BTC.
Analysts split on breakout or deeper chop Crypto analyst Market Watcher said Bitcoin’s weekly structure remains clear. The analyst pointed to a downtrend from the July and August highs near $70,000 and $67,000 and said a break of that line would make them more willing to deploy capital.
$BTC (1W)
break of downtrend (July ~70k, august ~67k): more actively looking to scale capital into positions while trading the breakout momentum
indecisive summer chop (~59k – ~66k): doing mostly nothing, day trading whats there
break of main trend (~ 58k): popcorn and TL on… pic.twitter.com/XB5uU0sICt
— Market Watcher (@watchingmarkets) June 28, 2026 The same analyst described the current zone as “indecisive summer chop” between about $59,000 and $66,000. That range matches the current market, where BTC has not broken down fully but has also failed to reclaim lost momentum.
Market Watcher said a break of the main trend near $58,000 would change the setup. The analyst also compared the current downtrend to the December 2022 and January 2023 breakout, which later started a major BTC uptrend.
EGRAG CRYPTO took a longer view and focused on Bitcoin’s 12-month cycle. The analyst said the usual rhythm has been three years up and one year down, but this cycle may be different if 2026 closes as a red yearly candle.
EGRAG said the four-year cycle remains intact for now, but added that structure matters more than hope. That view keeps attention on the yearly close and whether Bitcoin can regain a stronger long-term pattern.
#BTC – The 12M Cycle Is Flashing Something Different 👀
The historical $BTC rhythm has been clear:
🔸3 years UP → 1 year DOWN
🔸3 years UP → 1 year DOWN
🔸3 years UP → 1 year DOWN
But this cycle is different so far:
🔸2 years UP → and now potentially 2 years DOWN
🔸That is… pic.twitter.com/dczPLUMesG
— EGRAG CRYPTO (@egragcrypto) June 27, 2026 On-chain data points to possible reset CryptoQuant analyst Crazzyblockk said Bitcoin’s short-term holder realized dominance has fallen to 27.6%. The analyst said that places BTC inside a historical undervaluation zone where long-term holders control most realized capital.
In past cycles, market tops formed when short-term holders held most realized capital. That often showed heavy speculation and late-cycle buying.
Bitcoin’s short-term holder realized dominance, source: CryptoQuant analyst Crazzyblockk Bear markets have shown the opposite setup. Short-term holders realize losses, their share of realized capital falls, and long-term holders regain control.
The analyst said current data looks closer to past accumulation phases than cycle tops. However, they also warned that bottoms often form through a process, and another capitulation phase remains possible.
Another CryptoQuant analyst, Facundo Fama, pointed to long-term holder SOPR. The analyst said when LTH-SOPR moves near or below 1, long-term holders are selling coins at or near a loss.
The last time LTH-SOPR stayed below 1 on the monthly timeframe for more than three months was in October 2022, when BTC traded near $20,000. That data does not guarantee a bottom, but it shows that long-term holder stress has returned to a rare zone.
Bitcoin price outlook Bitcoin’s short-term outlook now depends on whether bulls can defend $58,000 and recover the $64,000 to $66,000 range. A close above that upper band could support a stronger recovery attempt.
A loss of $58,000 would weaken the current base and could expose lower areas as traders reduce risk. In that case, Bitcoin may revisit deeper support before building a new range.
For now, BTC is neither breaking down nor confirming a strong reversal. The market remains calm near $60,000, but that calm depends on support holding, Middle East risk staying contained, and Strategy-related fear easing.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Thursday was particularly positive days for the spot ETFs tracking Hyperliquid's token.
The evident divergence in how ETF investors behave toward the largest cryptocurrencies by market cap continues. The past week saw some record-setting withdrawals from the BTC funds, but those following HYPE and XRP have maintained their green dominance.
At the same time, the SOL funds have turned red after the previous week’s positive performance.
XRP and HYPE Still Dominate CryptoPotato reported last week that the spot ETFs tracking HYPE, XRP, and SOL defied the trend set by the two largest digital assets and attracted notable capital. The trend extended in the past week for two of those assets, and one day was particularly positive for the HYPE funds.
Data from SoSoValue reveals that Thursday stands out with just over $108 million in net inflows, making it by far the best single-day performance from the funds. With a lot more modest $1.46 million on Tuesday and $1.82 million on Friday, the week ended with $111.36 million in net inflows. It also set the record for the most significant weekly inflows, surpassing the previous of $72.38 million marked during the funds’ second week of existence.
The spot XRP ETFs also ended the week strongly, albeit nowhere near HYPE’s Thursday inflows. They attracted $15.63 million on Friday, building on the $5.31 million on Monday and $2.05 million on Wednesday. With Tuesday and Thursday being $0.00 days, the week ended with $23 million in net inflows, the best in a month and a half.
The cumulative total net flows have risen to another all-time high of $1.47 billion. Moreover, both XRP and HYPE ETFs have been on a green-only weekly streak for 8 and 7 consecutive weeks now, respectively.
SOL Joins BTC and ETH While the HYPE and XRP products have continued their impressive streak, SOL has fallen behind with a $3.8 million net outflow. Thus, the Solana ETFs have joined the two market leaders.
You may also like: Hyperliquid Responds After Appearing on Singapore’s Investor Alert List Bitcoin Didn’t Lose to Gold, the Rotation Story Is Wrong: Analyst Bitcoin Holds Key Price Floor Despite Weak Bullish Signals: Bitfinex Alpha The spot Bitcoin ETFs registered another massive withdrawal in the past week, with nearly $1.8 billion leaving the funds. This was their second-worst weekly performance in their 2.5-year history. The Ethereum funds were also in the red, with more than $273 million withdrawn.
Dogecoin (DOGE) is once again approaching a significant support zone, boosting short-term recovery expectations among investors. Analysts say continued buying appetite in the market could drive further upward movement, but a weaker outlook in Bitcoin may delay this scenario.
Short-term recovery expected in priceAt the time of writing, DOGE was trading at $0.07546. In the past 24 hours, its trading volume reached $537.11 million, and its total market capitalization stood at $11.68 billion. The 3.21% increase recorded during this period is seen by analysts as a potential indicator for a shift in market direction.
According to CoinCodex data, Dogecoin’s price is expected to reach $0.08045 within the next month, representing a 6.89% increase from current levels. These forecasts suggest that if sentiment in the digital asset market gradually improves, DOGE could post modest additional gains in the near term.
CoinCodex reports indicate Dogecoin could climb to $0.08045 in the next month, reflecting a 6.89% rise from its current value.
Since launching in 2013, Dogecoin has gained a broad community following, making it a unique cryptocurrency. Its price movements are often influenced not only by technical markers but also by overall market sentiment and investor interest.
Historical support zone back in focusCrypto analyst Aman notes that Dogecoin is once again testing a historically significant demand area that previously triggered strong price rebounds. This region attracted intense buying interest in earlier cycles and is now being closely monitored by market observers.
Analysts believe that if buyers can defend this crucial zone, Dogecoin may attempt a stronger rally. In such a scenario, the $0.50 level is highlighted as a key mid-term target. However, for this positive outlook to materialize, DOGE must not only maintain support but also break through major resistance levels ahead.
Impact of Bitcoin remains decisiveMarket experts emphasize that any potential rally in Dogecoin is likely to be influenced by the broader cryptocurrency trend. In particular, any decline in Bitcoin could suppress DOGE’s attempts to rise.
While the response from the support zone is noteworthy, analysts caution that it is too early to confirm a sustained breakout. If the cautious mood persists in the cryptocurrency market, potential upward movements in DOGE may prove temporary and could eventually turn into false signals.
Dogecoin’s future price direction thus remains dependent on broader market dynamics and the ability of buyers to maintain momentum at critical levels. As sentiment shifts, so too may the prospects for recovery or further correction.
In summary, while short-term optimism surrounds Dogecoin at its current price, traders remain alert to resistance levels and Bitcoin’s ongoing influence on the market. Many continue to monitor the pivotal support zone for signs of further movement.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
0.2. Key Takeaways0.4. Crypto Market Snapshot — June 28, 20260.6. Fear & Greed Index: 18 — Cycle Low Sentiment0.8. Bitcoin: Flat at $60,251, Tight MA Cluster Unresolved0.10. Ethereum: $1,579, Tightest MA Compression of the Cycle0.12. XRP: $1.05, Struggling to Hold Above $1.040.14. Solana: $71.66, Holding Gains From Friday's 6.71% Surge0.16. BNB: $556, Weakest Large-Cap on June 280.18. TRON: $0.3215, Only Top-8 Asset Green on Both 24h and 7d0.20. Hyperliquid: $62.89, Quietly Holding Despite Market Pressure0.22. Dogecoin: $0.07401, Worst Weekly Performer in Top 100.24. Macro Context: What Drives the Week Ahead0.26. Today's Market in One Paragraph Bitcoin is trading at $60,251 on June 28, 2026 — effectively flat on the day at 0% change — as the crypto market enters weekend trading with no directional momentum and the Fear & Greed Index falling to 18 (Extreme Fear), its lowest reading since the current correction began. Total crypto market cap holds near $2.1 trillion. Volume across the board is sharply lower: BTC volume dropped 52%, ETH volume fell 45%, SOL volume fell 51% — a pattern consistent with low-conviction weekend consolidation after last week’s high-volatility sessions.
Key Takeaways Bitcoin flat at $60,251 on June 28; total market cap ~$2.1T; Fear & Greed Index at 18 — cycle low reading ETH $1,579 (+0.08%), XRP $1.05 (–0.14%), SOL $71.66 (–0.01%), BNB $556 (–1.32%), TRX $0.3215 (+0.27%) Volume collapse across all assets: BTC –52%, ETH –45%, SOL –51% — weekend low-conviction consolidation Fear & Greed dropped from 23 last week → 15 yesterday → 18 today; all four readings Extreme Fear CLARITY Act Senate floor vote window narrows: August recess is the hard deadline; Polymarket at 48% American Reserve Modernization Act full text published — 20-year BTC lock-up confirmed TRX is the only top-8 asset in positive territory on both 24h and 7d basis — USDT settlement demand persists Crypto Market Snapshot — June 28, 2026 AssetPrice24h7dMarket CapVolume (24h)Bitcoin (BTC)$60,2510.00%–5.76%$1.2T$14.65BEthereum (ETH)$1,579+0.08%–8.47%$190.64B$5.93BTether (USDT)$0.9985+0.01%–0.03%$186.06B$36.92BBNB$556.32–1.32%–5.37%$74.98B$846.66MUSDC$0.99960.00%–0.03%$73.72B$4.87BXRP$1.05–0.22%–8.05%$65.47B$1.07BSolana (SOL)$71.66–0.01%–2.27%$41.61B$1.68BTRON (TRX)$0.3215+0.27%–1.69%$30.49B$467.04MHyperliquid (HYPE)$62.89+0.07%–7.39%$15.91B$324.93MDogecoin (DOGE)$0.07401–1.66%–10.81%$12.62B$452.07M Fear & Greed Index: 18 — Cycle Low Sentiment The Fear & Greed Index printed 18 on June 28 — the lowest reading of the current correction cycle. Yesterday’s reading was 15, the absolute bottom; last week it was 23; last month also 23. All four readings are in Extreme Fear territory, meaning crypto market sentiment has been in its worst zone for at least a full month without relief.
Historically, sustained Extreme Fear readings below 20 have appeared at or within days of major Bitcoin cycle bottoms. The 2022 bear market bottom was accompanied by a Fear & Greed reading of 6. The March 2020 COVID crash bottom saw a reading of 8. A reading of 15–18 does not guarantee a bottom — but it does signal that retail sentiment has been maximally compressed, and that the marginal seller is increasingly exhausted.
The context matters: BTC held $58,115 as its intraday low on June 26 and has not returned to that level across two subsequent sessions. A Fear & Greed reading of 18 with price holding above its recent low is a divergence — sentiment is making new lows while price holds. That divergence, if it persists, is historically one of the most reliable leading indicators of a sentiment reversal.
Bitcoin: Flat at $60,251, Tight MA Cluster Unresolved Bitcoin is trading at $60,251 on June 28 — effectively unchanged on the day — with the unresolved MA compression from Friday night still in play. MA(25), MA(7), and MA(99) remain stacked within $400 of each other above current price. Weekend volume at $14.65 billion (52% lower than yesterday) confirms this is consolidation, not distribution.
The $58,115 June 26 intraday low has now held across three consecutive sessions — a constructive technical development. Bitcoin’s 7-day performance of –5.76% reflects the June 26 capitulation day rather than the current trajectory. The week ahead — with the CLARITY Act Senate floor vote window narrowing before August recess and the American Reserve Modernization Act in committee — is the most important legislative week for BTC price in 2026.
Ethereum: $1,579, Tightest MA Compression of the Cycle Ethereum is trading at $1,579 on June 28, up just 0.08% — the quietest session since the June correction began. Volume at $5.93 billion is 45% lower than the prior session. ETH’s 7-day loss of –8.47% is the worst among the top-8 assets, reflecting the magnitude of the June 26 selloff to $1,512.
The MA compression on ETH mirrors Bitcoin: MA(25) at $1,584, MA(7) at $1,591, and MA(99) at $1,602 are all within $23 of each other. A weekend resolution above MA(99) at $1,602 would be the first bullish technical signal in two weeks. The structural demand picture remains intact: 32% of ETH supply is staked and illiquid, BitMine’s 5.67 million ETH (4.7% of supply) is now permanently embedded in Russell 1000 passive funds, and the Ethereum Foundation’s 40% spending cut has reduced treasury sell pressure.
XRP: $1.05, Struggling to Hold Above $1.04 XRP is at $1.05 on June 28, down 0.22% on the day and –8.05% on the week — the second-worst weekly performer after Ethereum among top assets. Volume at $1.07 billion is 45% below the prior session. The $1.00 psychological floor has been defended across three consecutive sessions following the $1.0092 intraday low on June 26, but the recovery momentum from Friday’s bounce to $1.0756 has faded.
XRP remains the asset most sensitive to CLARITY Act news among the top-10. With Senate passage odds at 48% on Polymarket and the August recess hard deadline approaching, each week without a Senate floor vote commitment represents time eroding the 2026 window. The fundamental case — XRPL’s $3.5 billion tokenized real-world asset base, $1.72 billion RLUSD market cap, Ripple Prime’s DTCC NSCC inclusion — remains structurally intact but has not yet translated into price performance.
Solana: $71.66, Holding Gains From Friday’s 6.71% Surge Solana is trading at $71.66 on June 28, essentially flat (–0.01%) after Friday’s 6.71% surge from the $64.04 cycle low. Volume at $1.68 billion is 51% lower than the prior session — typical weekend consolidation after a high-volume recovery day. The 7-day performance of –2.27% is the best among the top-8 non-stablecoin assets, confirming SOL led the recovery from the June 26 lows.
Price is holding above all three moving averages following Friday’s bullish MA alignment restoration. The $70.00 level — roughly where MA(25) sits — is the key support to defend on any weekend pullback. The 100-billion-transaction milestone crossed on June 26, and the Alpenglow upgrade targeting Q3 2026 mainnet remain the primary fundamental catalysts ahead.
BNB: $556, Weakest Large-Cap on June 28 BNB is the worst-performing top-8 asset on June 28, down 1.32% to $556.32 after the tight consolidation at $565 seen across the prior two sessions broke to the downside. Volume at $846 million is 31% lower. The 7-day loss of –5.37% places BNB in the middle of the large-cap pack.
The $540.60 cycle low established on June 26 remains the key structural reference. BNB’s Auto-Burn mechanism and BNB Chain’s stablecoin volume continue to provide fundamental support, but the June 28 session suggests the MA compression resolved to the downside — a return toward $550 is the next support zone to watch.
TRON: $0.3215, Only Top-8 Asset Green on Both 24h and 7d TRON is the standout performer on June 28: $0.3215, up 0.27% on the day and –1.69% on the week — the best 7-day performance of any non-stablecoin asset in the top 10 by a significant margin. The MiCA July 1 enforcement window is now open, and TRON-based USDT settlement volumes continue regardless of crypto market sentiment. TRX’s defensive outperformance through the entire June correction — holding above $0.3186 while BTC lost 10% and ETH lost 18% from their June highs — reflects the structural insulation of utility-driven demand.
Hyperliquid: $62.89, Quietly Holding Despite Market Pressure Hyperliquid (HYPE) at $62.89 is the 9th largest crypto by market cap at $15.91 billion — a position it has consolidated through the June correction. HYPE is down 7.39% on the week but holding above $60.00 psychological support. Hyperliquid’s on-chain perpetuals exchange has consistently posted record volume through 2026, making it the clearest example of a utility-driven DeFi asset with fundamental justification for its market cap position.
Dogecoin: $0.07401, Worst Weekly Performer in Top 10 Dogecoin is down 10.81% on the week and 1.66% on the day to $0.07401 — the worst 7-day performer in the top 10. DOGE has no utility catalyst or fundamental support comparable to other large-cap assets, making it the most sensitive to pure sentiment deterioration. A Fear & Greed reading of 18 (Extreme Fear) is the worst possible environment for meme assets.
Macro Context: What Drives the Week Ahead Three catalysts define the week of June 28 for crypto markets:
CLARITY Act floor vote timing. The August recess hard deadline means every week of June and July without a confirmed Senate floor vote date erodes the probability window. A Majority Leader floor scheduling announcement would immediately move CLARITY Act odds on Polymarket and cascade through BTC, ETH, XRP, and SOL simultaneously.
American Reserve Modernization Act. The full text of H.R. 8957 — with its 20-year BTC lock-up and proof-of-reserve mandates — is in committee. Any advancement to a floor vote would be the most significant Bitcoin-specific legislative event of the cycle.
Fed speakers and PCE data. With PCE at 3.6% and nine FOMC officials projecting a rate hike, any Fed speaker comments softening the hawkish stance would be the most powerful macro catalyst for a crypto recovery. The next PCE data release and FOMC minutes are the key data points to monitor.
Today’s Market in One Paragraph The crypto market on June 28, 2026 is defined by three words: low volume consolidation. Bitcoin flat at $60,251, Ethereum barely positive at $1,579, Solana holding Friday’s recovery gains, and TRON outperforming everything. The Fear & Greed Index at 18 is the deepest Extreme Fear reading of the cycle — but price has held the June 26 lows across three sessions, creating a sentiment-vs-price divergence that historically precedes recoveries. The week ahead is the most important legislative week of the year for crypto: CLARITY Act timing, the American Reserve Modernization Act, and any Fed pivot signals will determine whether the $58,115–$60,000 range becomes the base of a recovery or gives way to a deeper test of $55,000–$56,000.
PANews June 28 news: Zcash founder Zooko posted on X platform that the Coinbase App has started pushing gambling-like features such as sports gambling and Bitcoin price predictions to young, immature, and economically disadvantaged users, and he feels ashamed to be in this industry. In response, Coinbase CEO Brian Armstrong replied that adults should be able to freely spend their own money without harming others. Buying stocks, buying Bitcoin/Zcash early, also looks like "gambling" to many people, risk is subjective. That said, aggressively promoting high-risk products to inexperienced users is still not appropriate. Offering a product and making it the focus of the app are two different things.
Brian Armstrong emphasized that this problem can be mitigated through clear information disclosure, AI-driven financial literacy tools, and personalized experiences. Users can set preferences during registration (e.g., enable/disable certain categories), so the app reflects their wishes without forcing those choices on other users. On topics like sports prediction markets, Brian Armstrong believes that society (through democratic processes) should ultimately decide what behaviors are allowed, and private companies should not be the ones drawing those lines.
Bitcoin briefly dipped below $60,000 during the final week of June before buyers stepped in, capping a turbulent seven days driven almost entirely by macroeconomic forces rather than anything crypto-native. As of the latest data, Bitcoin trades at $59,873, Ethereum at $1,564, XRP at $1.04, and Solana at $70.37.
What Drove the Selloff
Expectations of higher interest rates for longer, a stronger US dollar, continued ETF outflows, and broad deleveraging across derivatives markets combined to push the market lower. More than $1 billion in long liquidations amplified the move, a reminder of how leverage continues to magnify short-term price action.
Where Each Asset Landed
Bitcoin’s decline found buyers at levels historically associated with long-term accumulation zones, which Avinash Shekhar, Co-founder and CEO of Pi42, described as the more significant signal from the week. “What stands out is not the decline itself but where it found support,” he said in an interview with Coinpedia.
Ethereum underperformed the broader market, sliding 9.84% on the week to $1,564. XRP showed relative resilience, losing less ground than most major altcoins and ending the week at $1.04, supported by sustained institutional interest tied to spot ETF product growth. Solana held up comparatively well at $70.37, reflecting continued confidence in its ecosystem’s development activity. Dogecoin dropped but remained reactive, ending down 11.97% on the week at $0.073, consistent with its history of quick responses to sentiment shifts.
Capital Is Becoming Selective
Shekhar identified a broader structural shift in how money is moving through the market. “Capital is becoming increasingly selective,” he said. “Rather than moving uniformly across the market, investors are differentiating between assets based on liquidity, institutional participation and ecosystem fundamentals. This marks a notable shift from previous market cycles, where momentum alone often drove broad-based rallies.”
Bitcoin ETFs recorded $1.79 billion in weekly outflows, the second-largest weekly sell-off since their launch. Combined unrealised losses for Michael Saylor and Tom Lee reached $24.5 billion during the week, according to on-chain tracking.
What Comes Next
Shekhar said the next directional move for digital assets will likely be determined by institutional flow data, macroeconomic readings, and monetary policy signals. A recovery in ETF inflows, easing inflation, and improved global liquidity conditions could lay the foundation for renewed momentum. Until those conditions change, he expects markets to remain range-bound with heightened sensitivity to economic data.
“The broader picture, however, remains constructive,” Shekhar said. “Institutional adoption, blockchain infrastructure development and real-world use cases continue to expand despite near-term volatility. Periods of consolidation are increasingly becoming opportunities for stronger fundamentals to emerge.”
Story Ends Here
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Bitcoin briefly dipped below $60,000 over the weekend, logging a roughly 7% decline in the past week. As the second quarter draws to a close, Bitcoin is on track to post a roughly 12% quarterly drop, following a 22% fall in the first quarter, which would mark a rare back-to-back quarterly loss in its history. Meanwhile, altcoins have generally seen steeper declines than Bitcoin: Ethereum fell around 9.5% in the past week, Dogecoin dropped 11.7%, HYPE slipped 10.6%, XRP declined 8.7%, Solana fell 3.5%, and TRON saw a roughly 1.5% drop. Analysts attribute the market’s ongoing pressure to multiple factors, including sustained capital flows into AI-driven semiconductor and memory chip sectors, persistent outflows from U.S. spot Bitcoin ETFs, the Federal Reserve’s hawkish stance, and the U.S. Dollar Index staying at high levels. The market will watch closely for ETF capital flows and demand improvements in the third quarter to judge whether the crypto market can shake off its weak performance in the first half of the year.
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Despite strong outflows from US spot Bitcoin ETFs, Bitcoin managed to hold steady above the $60,000 mark on Saturday. In the last 24 hours, Bitcoin rose by 1.44 percent, trading around $60,260. Its daily trading volume reached $30.16 billion, while its market capitalization stood at $1.21 trillion. Controlling 58.1 percent of the total crypto market, Bitcoin continued to set the pace for the broader industry even amid ongoing selling pressure.
Weekly outflows from ETFs accelerateUS spot Bitcoin ETFs recorded a staggering $1.79 billion net outflow last week. This figure ranks as one of the largest weekly withdrawals since these products launched in January 2024. The recent movement has also pushed the total 2026 US spot Bitcoin ETF flow back into negative territory.
These outflows impacted major issuers, including BlackRock’s IBIT fund. IBIT had earlier ranked among 2024’s fastest-growing ETFs thanks to robust inflows from institutional investors. As one of the world’s largest asset management companies, BlackRock brings significant influence to the global ETF market.
Analysts at Glassnode note that this current wave marks one of the lengthiest periods of outflow since spot Bitcoin ETFs began trading, explaining that most investors are now opting to reduce risk rather than buying more at lower levels.
Bloomberg data shows that about $4.5 billion has exited Bitcoin ETF products since the start of the year. This trend points to the scale of institutional selling pressure throughout 2026.
IndicatorDataBitcoin price$60,26024-hour changeUp 1.44%Weekly ETF net flow-$1.79 billion2026 total ETF outflowApproximately $4.5 billionUnderlying market weakness persistsLosses in Bitcoin ETFs have occurred against a backdrop of persistent weakness in the overall crypto market. Since the severe sell-off that began in October, digital assets have struggled to recover. The total market capitalization of all crypto assets has dropped to roughly $2 trillion, a steep fall from its pre-correction peak of over $4 trillion.
A slowdown in investor activity and a waning of institutional interest have made recovery even more difficult. Capital that might have flowed into the crypto sector instead moved toward artificial intelligence-oriented investments and prediction market platforms. This shift redirected funds that could have supported digital asset valuations.
Early investors see gains erasedThe latest wave of selling has hit those who entered Bitcoin ETFs during stronger periods particularly hard. According to Bespoke Investment Group, early investors were up nearly 30 percent by mid-2025. However, Bitcoin’s extended decline has wiped out much of those gains, leaving the average investor facing a loss approaching 40 percent.
Spot Bitcoin ETFs have emerged as a major channel of institutional demand since their approval. High-value outflows from these products may signal weakening professional investor confidence, which could create additional downside pressure on prices.
Still, ETF flows represent just one aspect of the market. Bitcoin has previously rebounded after periods of heavy institutional selling, especially when overall risk appetite improved or new sources of demand appeared.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitcoin (CRYPTO: BTC) price has stalled at a crucial support level as American investors continue selling their ETF holdings. BTC was trading at $60,460 today, June 27, slightly above this month’s low of $58,037.
Bitcoin ETF Outflows are AcceleratingUS investors have continued to dump their Bitcoin ETFs this month, with many of them rotating towards the stock market amid the ongoing artificial intelligence supercycle.
Data compiled by SoSoValue shows that spot Bitcoin ETFs had the worst weekly performance this week. These funds lost over $1.79 billion this week, with most of the outflows being on Thursday when they lost over $696 million in assets. They then lost $444 million in assets on Friday.
Bitcoin ETFs are also on track to have the worst month since they were approved in 2024. They have already lost over $4.06 billion this month, beating the previous record of $3.4 billion, which happened in November last year.
The ongoing outflows is happening as investors rotate from the crypto market to stocks. Data shows that stock market-based ETFs have added over $1 trillion in assets this year, with those tracking the S&P 500 Index adding over $150 billion. DRAM, the recently launched ETF tracking the biggest companies in the memory industry, has added $24 billion in assets since its launch in April.
Bitcoin price retreated below $60,000 earlier this month when Strategy sold just 32 coins.
Bitcoin Price Sits at Crucial Support LevelTechnicals suggest that BTC may be at risk of falling further in the near term. It has already slipped below all moving averages, a sign that bears remain in control for now.
The coin has also formed an inverted cup-and-handle pattern. It is now in the handle section. Therefore, there is a risk that dropping below the year-to-date low of $58,200 will point to more downside as it will invalidate the double-bottom pattern. If this happens, it may drop to $50,000.
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The pressure from short term Bitcoin investors has surged once again. In the past 24 hours, around 50,000 BTC were sent to exchanges at a loss, marking a significant movement in the market. At the same time, the total market value of short term holders dropped to $237.7 billion, its lowest point since October 2, 2024.
Losses deepen for short term investorsAccording to CryptoQuant analyst Amr Taha, as of June 26, the market value for short term Bitcoin investors fell to $237.7 billion. This measure tracks the value of BTC held by investors who bought within the last 155 days. The current data reveals that the market value for this group has slipped below their cost basis, meaning many recent buyers now find themselves at a paper loss.
The latest drop in short term investor market value stands out not as confirmation of a market bottom, but as a reflection of heightened stress in the market environment.
A similar weakness appeared during the correction of October 2024, when the subsequent reversal established a key bottom for Bitcoin. However, the latest data does not yet indicate a new low; instead, it underscores mounting selling pressure faced by short term investors.
BTC inflows to exchanges hit new highsExchange flows also point to increasing selling pressure. Roughly 50,000 BTC from short term holders was transferred to exchanges at a loss in 24 hours, the largest such move since June 4. Binance alone received approximately 9,500 BTC, the highest such level since June 3 under similar conditions.
This activity suggests that newer investors, who are more sensitive to price swings, are becoming increasingly active on the sell side amid declining prices.
IndicatorLevelComparisonBTC sent to exchanges at a loss50,000 BTCHighest since June 4BTC deposited to Binance9,500 BTCHighest since June 3Short term investor market value$237.7 billionLowest since October 2, 2024Long term holders continue accumulatingBy contrast, long term investors present a more constructive picture. On Thursday, accumulation addresses saw Bitcoin inflows hit a record 181,000 BTC, breaking the previous record of 94,700 BTC from February 2022. These are typically wallets with limited spending history, and the data suggests long term holders are absorbing the supply entering the market.
Glossary: Accumulation addresses refer to wallets that mostly hold incoming assets and rarely spend. An increase in inflows to these addresses, seen in on chain analysis, suggests a growing trend toward long term holding.
The Coinbase Premium Index has remained below zero for 40 consecutive days since May 15, indicating weak demand from professional investors.
Macro data and institutional appetite add market pressureMarket analyst Darkfost noted that institutional appetite for Bitcoin continues to soften. The persistent negativity of the Coinbase Premium Index, which tracks the price gap between Coinbase and Binance, highlights continued discounting on Coinbase—a sign that professional investors are selling more aggressively than retail holders.
Recent US macroeconomic data also reinforced a cautious market mood. Headline PCE inflation reached 4.1 percent, surpassing forecasts of 4.0 percent, while Core PCE rose to 3.4 percent against an expected 3.3 percent. GDP also came in above estimates at 2.1 percent. These figures have dampened hopes for an easing in monetary policy.
Asset manager Bitwise commented that last week’s Federal Reserve meeting only accelerated the central bank’s hawkish stance. The firm noted that policymakers have scaled back expectations for easing and raised the 2026 median federal funds rate forecast from 3.4 percent in March to 3.8 percent. Bitwise also reported continued outflows from crypto investment vehicles like spot ETFs.
Strategy has remained a focal point for the market, accumulating 174,300 BTC in 2026 alone. Bitwise data show that about 96,000 BTC of these purchases were financed by STRC preferred share issuance, with 77,500 BTC supported by MSTR common stock sales. According to CryptoQuant, STRC’s price dropped to $82.5 from its $100 nominal value—a 17.5 percent discount—during last week’s pre market session, sliding further toward $73. The company’s cash reserves have declined by 38 percent since early 2026. Following a $1.5 billion convertible bond buyback, annual dividend obligations jumped from $300 million to $1.2 billion, shortening the dividend coverage period from up to seven years to just 14 months.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
CoinGecko’s recent research study provides a comprehensive examination of Bitcoin’s bear market patterns, offering insightful and in-depth context for the ongoing downturn in 2025 and 2026. According to the latest research report, released on June 25, 2026, a bear market is identified as any period of at least 30 consecutive days during which Bitcoin’s daily closing price remains below its 200-day simple moving average.
According to insights from CoinGecko, this metric helps distinguish prolonged weakness from temporary fluctuations by focusing on the long-term trend.
Since 2014, the analysis identifies seven such episodes. The most extended ones stemmed from major structural disruptions.
For instance, the 2018-2019 downturn persisted for 385 days following the peak of initial coin offering enthusiasm, as retail interest faded and global regulations tightened.
Similarly, the 2022-2023 bear market lasted 381 days, sparked by the Terra-LUNA collapse and subsequent failures at major firms like Three Arrows Capital, Celsius, and FTX, which eroded institutional trust and pushed prices below $16,000.
The 2014-2015 cycle endured 321 days after the Mt. Gox exchange meltdown shattered early market confidence.
Shorter bear periods arose from more isolated events. A 2019-2020 consolidation ran for 81 days, while a 2021 correction triggered by China’s mining restrictions lasted 80 days.
The briefest, the 2020 COVID-19 crash, spanned just 52 days but delivered a sharp liquidity shock before stimulus measures aided recovery.
On average, these seven bear markets lasted about 188 days, highlighting wide variation in length depending on underlying causes.
The current 2025-2026 bear market reached 233 days as of June 24, 2026, positioning it as the fourth longest.
It followed Bitcoin’s all-time high near $124,773 in January 2025, with prices falling to a low of around $60,862 on June 7.
This represents a maximum drawdown of 51.2 percent so far—the mildest among all recorded cycles.
In contrast, the three major structural bears saw declines ranging from 76.7 percent to 83.6 percent, erasing the bulk of previous gains.
Even shorter shocks, like the COVID period, produced drawdowns exceeding 74 percent.
The relatively contained losses this time may stem from greater institutional involvement, a maturing market infrastructure, and macroeconomic factors including interest rate volatility and capital shifts toward artificial intelligence themes.
As of late June 2026, Bitcoin traded near $62,651, roughly 2.9 percent above its recent bottom, while the 200-day moving average hovered around $76,450, creating a 22 percent gap.
Historical patterns indicate that reclaiming this average after a confirmed low has taken between 65 and 166 days.
Should the June 7 bottom hold, the quickest recovery precedent points to a potential crossover as early as August 2026, though longer timelines cannot be ruled out.
CoinGecko’s research findings emphasize that bear markets differ significantly in depth and duration. Structural collapses tend to inflict the heaviest damage, while the present cycle reflects evolving market resilience.
For participants, this data underscores the importance of historical perspective and patience amid extended periods of underperformance, even as the asset demonstrates improved durability compared to past episodes. The research report from CoinGecko serves as yet another reminder that while downturns test resolve, they have consistently paved the way for subsequent recoveries in Bitcoin’s 15+ year history.
Fidelity Digital Assets has pushed back against concerns that Bitcoin’s long-term security will deteriorate as mining rewards decline, arguing in a new research report that the network’s economic incentives remain sufficient to secure the blockchain over time.
The report, authored by Fidelity research analyst Daniel Gray, reiterated the view that Bitcoin’s security depends on more than block rewards. Transaction fees, market incentives and other economic forces continue to encourage miners to secure the network and make sustained attacks prohibitively expensive, it said.
The findings challenge a longstanding criticism that each quadrennial halving weakens Bitcoin’s security by reducing the issuance of new coins. Critics argue that declining block rewards could eventually erode miners’ incentives unless transaction fees grow enough to offset the shortfall.
The issue has become one of the most closely watched long-term questions surrounding Bitcoin (BTC), whose fixed supply schedule gradually reduces new issuance until block subsidies eventually disappear. Whether transaction fees and other incentives can sustain network security remains a central debate among developers and market participants.
Since April 20, 2024, Bitcoin miners have received a subsidy of 3.125 BTC for each block they mine, down from 6.25 BTC during the previous halving cycle. However, Gray argued that lower issuance has not translated into weaker incentives for miners because Bitcoin’s rising price has more than offset the decline in block rewards.
He pointed to the growth in average daily miner revenue, which increased from roughly $26,300 during Bitcoin’s first halving cycle to more than $40.2 million today. “Despite declining issuance, miner incentives — and by extension, network security — historically strengthened alongside Bitcoin's price,” Gray wrote.
Bitcoin’s average daily miner revenue has increased substantially across halving cycles. Source: Fidelity Digital Assets
Public Bitcoin miners face mounting financial pressureWhile Fidelity argues that Bitcoin’s long-term incentive structure remains intact, many publicly traded mining companies continue to face near-term financial pressure. Some industry analysts have described the current environment as one of the most challenging on record, citing lower mining rewards, rising costs and growing competition.
In response, several miners have diversified into artificial intelligence and high-performance computing, leveraging existing power infrastructure and data center assets to meet growing demand for AI workloads rather than relying solely on Bitcoin mining.
A recent report by VanEck estimated that publicly traded miners could require up to $50 billion in additional capital to fully transition to AI infrastructure, underscoring the scale and cost of the shift.
Public miners face a large funding gap in realizing their AI ambitions. Source: Miner Weekly
“A Bitcoin mine can run with relatively simple buildings, modular infrastructure and ASIC fleets that tolerate fast curtailment,” Blocksbridge Consulting wrote in a recent Miner Weekly publication. “AI and HPC facilities require higher standards for uptime, cooling, electrical redundancy, networking and customer support.”
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Fidelity Digital Assets has pushed back against concerns that Bitcoin’s long-term security will deteriorate as mining rewards decline, arguing in a new research report that the network’s economic incentives remain sufficient to secure the blockchain over time.
The report, authored by Fidelity research analyst Daniel Gray, reiterated the view that Bitcoin’s security depends on more than block rewards. Transaction fees, market incentives and other economic forces continue to encourage miners to secure the network and make sustained attacks prohibitively expensive, it said.
The findings challenge a longstanding criticism that each quadrennial halving weakens Bitcoin’s security by reducing the issuance of new coins. Critics argue that declining block rewards could eventually erode miners’ incentives unless transaction fees grow enough to offset the shortfall.
The issue has become one of the most closely watched long-term questions surrounding Bitcoin (BTC), whose fixed supply schedule gradually reduces new issuance until block subsidies eventually disappear. Whether transaction fees and other incentives can sustain network security remains a central debate among developers and market participants.
Since April 20, 2024, Bitcoin miners have received a subsidy of 3.125 BTC for each block they mine, down from 6.25 BTC during the previous halving cycle. However, Gray argued that lower issuance has not translated into weaker incentives for miners because Bitcoin’s rising price has more than offset the decline in block rewards.
He pointed to the growth in average daily miner revenue, which increased from roughly $26,300 during Bitcoin’s first halving cycle to more than $40.2 million today. “Despite declining issuance, miner incentives — and by extension, network security — historically strengthened alongside Bitcoin's price,” Gray wrote.
Bitcoin’s average daily miner revenue has increased substantially across halving cycles. Source: Fidelity Digital Assets
Public Bitcoin miners face mounting financial pressureWhile Fidelity argues that Bitcoin’s long-term incentive structure remains intact, many publicly traded mining companies continue to face near-term financial pressure. Some industry analysts have described the current environment as one of the most challenging on record, citing lower mining rewards, rising costs and growing competition.
In response, several miners have diversified into artificial intelligence and high-performance computing, leveraging existing power infrastructure and data center assets to meet growing demand for AI workloads rather than relying solely on Bitcoin mining.
A recent report by VanEck estimated that publicly traded miners could require up to $50 billion in additional capital to fully transition to AI infrastructure, underscoring the scale and cost of the shift.
Public miners face a large funding gap in realizing their AI ambitions. Source: Miner Weekly
“A Bitcoin mine can run with relatively simple buildings, modular infrastructure and ASIC fleets that tolerate fast curtailment,” Blocksbridge Consulting wrote in a recent Miner Weekly publication. “AI and HPC facilities require higher standards for uptime, cooling, electrical redundancy, networking and customer support.”
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Participants in the digital asset sector were busy this week opining on Bitcoin, AI, stablecoins, and quantum resistance before heading off for the July 4 holiday (in the US).
Bitcoin “BTC’s negative premium on Coinbase has been widening — a sign that U.S. institutional buying remains tepid. Meanwhile, Strategy (STRC) briefly dipped below $84. No immediate blow-up risk, but the ‘what if they need to sell?’ overhang is real, and it’s keeping a lid on sentiment.
“On the technical side, BTC remains pinned under its daily 20- and 50-day moving averages, with short-term MAs bearishly stacked and diverging. The daily RSI sits near 40 — weak, but not yet oversold. Bollinger Bands are tilting slightly downward, with the middle band acting as strong resistance.
“With bulls struggling for follow-through and bears holding the momentum, BTC will likely continue grinding below resistance, probing for real demand on the downside.”
“Bitcoin dropping in price during its quadrennial bear market phase is the norm, not the exception. Layer in a risk-off move in the overbought chip sector, and it adds to the sell pressure from institutions.
“Retail sees the price going down, and many follow like sheep. The smart money looks at the charts and sees a buying opportunity. Nothing fundamental has changed with Bitcoin; it always has a year-long bear market after the bubble pops.”
– Michael Terpin
“The global tech stock selloff of the last 24 hours has coincided with another bout of de-risking out of digital assets and pushing up options prices. This indicates that investors are paying more for insurance against further potential downside price movements.
“We’ve seen this story several times over the past year alone. Fears over lofty AI valuations and concerns around AI spending have driven risk-off moves in US equities, and those risk-off moves have coincided with a selloff in BTC and crypto, which remain strongly correlated to the S&P 500 and Nasdaq-100.
“Seven-day at-the-money BTC implied volatility jumped from 35% to 42%, while the volatility premium for downside protection increased once more. The 25-delta put-call skew, a measure of the implied volatility of out-of-the-money calls relative to puts, has fallen from -3% last week to -10% yesterday.
“We’ve seen OTM puts trade with higher implied volatility than calls for most of this year, unsurprising given how far BTC is from its all-time high. Even brief periods of spot recovery, for example, the May rally back towards $80K, have been unable to drive a meaningful skew back towards call options, further indicating investors’ risk aversion.
“Beyond the recent tech selloff, our data has revealed an interesting trend in volatility and options markets over the first half of 2026, namely the compression in the ETH/ BTC at-the-money implied volatility ratio.
“Last year, that ratio increased to as much as 2.5, indicating that ETH seven-day options traded with an implied volatility 2.5x larger than similarly dated BTC options. In 2026, however, the ratio spent much of the year hovering between 1.3 and 1.4, driven partly by a compression in ETH volatility towards BTC volatility. One potential factor behind that compression could be the impact of institutional sellers of volatility.
“In a SEC filing covering the period ending Feb. 28, Bitmine, the largest digital asset treasury firm for ETH, announced that the ‘Company began entering into ETH-denominated option contracts, primarily through the sale of put options.’”
“Additionally, there are a number of covered-call style ETH ETFs available, including Grayscale’s ETCO, Global X’s EHCC ETF and Amplify ETFs EHY. We’ve speculated in the past that the structural selling of volatility by digital asset treasuries had been one factor contributing to the oversupply of volatility in BTC options markets, and we could now be seeing something similar in ETH options.”
– Thahbib Rahman, research analyst at Block Scholes
Quantum resilience The US Quantum Resilience Clock just became operational
“The attack will begin quietly, inside traffic that was stolen years earlier and stored in a government warehouse, a hostile intelligence archive, or a private server farm no one was supposed to know existed. The files will look useless at first: encrypted diplomatic cables, defence communications, financial records, source code, identity data, and authentication logs.
“Then, one day, the machines will catch up. What could not be read yesterday will become readable tomorrow. That is the premise behind ‘harvest now, decrypt later,’ and it is why Executive Order 14409, ‘Securing the Nation Against Advanced Cryptographic Attacks,’ matters.
“For years, post-quantum cryptography was treated as a technical issue for standards bodies and cybersecurity teams. Important, but not yet urgent.
“That changed when the United States put dates on the board. Federal high-value assets and high-impact systems must move to post-quantum key establishment by Dec. 31, 2030, and post-quantum digital signatures by Dec. 31, 2031. Federal contractors and suppliers supporting federal systems are increasingly drawn into the same operating environment, with NIST-aligned quantum-resilience expectations likely to influence procurement and compliance requirements well before the deadlines arrive.
“Washington is not moving alone. Australia is telling organizations to stop relying on traditional asymmetric cryptography by the end of 2030. Canada is targeting 2031 for high-priority federal systems and 2035 for the rest of its non-classified government systems.
“The United Kingdom wants discovery and planning finished by 2028, priority migrations completed by 2031, and full migration by 2035. The European Union is coordinating member-state transition plans. France, Germany, and Japan are moving on their own tracks. Different capitals, different bureaucracies, same conclusion: the old cryptographic perimeter is running out of time.
‘The private sector has read the intelligence, too. Google has set its own internal target to migrate systems to post-quantum cryptography by 2029. That is not a symbolic date. At Google’s scale, a cryptographic migration is not a software patch; it is a global logistics operation.
“Ethereum is also preparing for the same threat from a different battlefield. Its quantum-resistance roadmap points toward full post-quantum protection by 2029, including changes to the signatures and cryptographic foundations that secure accounts, consensus, and the network itself.
“One is a hyperscale technology company. The other is a decentralized financial and computing ecosystem. Both are moving before the decade is out. But while a centralized giant can mandate a patch from the top down, a decentralized network faces a massive logistical bottleneck: upgrading immutable infrastructure without fracturing the network.
“The challenge extends beyond replacing one algorithm with another. Cryptographic standards will continue to evolve. New vulnerabilities will emerge. Regulatory requirements will diverge across jurisdictions.
“The organizations best positioned for this transition will not simply deploy post-quantum cryptography. They will build the ability to adapt as cryptography itself changes.
“That is the signal everyone else should be watching. The United States remains the world’s largest economy by nominal GDP and the anchor market for global technology procurement. When Washington sets a deadline, federal vendors hear it first. Then cloud providers hear it. Then banks, defence contractors, telecom networks, energy companies, software platforms, insurers, and capital markets hear it. The deadline does not stop at the federal firewall. It moves through the supply chain.
“The organizations that survive this transition will not be the ones that wait for quantum computers to arrive. They will be the ones who already know where their cryptography lives, which systems depend on it, which vendors can migrate, which certificates need replacement, which devices cannot be upgraded, and which contracts need to change.
“The hard part is not the math. The hard part is the inventory and the agility to act on it. Somewhere inside every enterprise is a forgotten protocol, an old appliance, a buried dependency, or a long-lived certificate that still assumes the future will look like the past. Executive Order 14409 is a warning that it will not.”
– Yoon Auh, founder of BOLTS Technologies
Bank of England’s stablecoin stance “The Bank of England’s decision to remove individual ownership caps and lower reserve requirements is a welcome step forward, but the £40B issuance limit suggests policymakers are still focused on the wrong risk.
“The framework assumes stablecoins primarily compete with domestic bank deposits, when much of the demand is driven by cross-border payments. Migrant workers in the UK send more than £9B abroad each year, often losing 6-8% of every transfer to correspondent banking fees and delays.
“A £40B cap on sterling stablecoins may sound generous, but it effectively keeps the infrastructure at pilot scale while dollar stablecoins issued elsewhere are already supporting real remittance flows.
“We operate under US state licensing through Anzens, where regulators focus on reserve quality, redemption rights and consumer protections rather than imposing artificial limits on growth. The UK now stands alone among major jurisdictions in capping stablecoin issuance in its own currency. That distinction will matter when payment networks and infrastructure providers decide where to invest and build.”
– Shantnoo Saxsena, founder and CEO of Encryptus
“The Bank of England’s reversal is less a change of heart than a recognition of reality: cap what people can hold, and sterling stablecoin activity just moves offshore into dollar coins. The US moved first with the GENIUS Act, the EU with MiCA, both ahead of the UK, and Britain couldn’t afford to regulate itself out of its own market.
“What matters is how they softened it. They scrapped individual holding limits but kept 24-hour redemption, reserve-quality rules, and licensed intermediaries, swapping a cap on users for a cap on issuance (albeit a high one). That’s the right instinct: regulate the rails, not the customer. Manage systemic risk through reserves and redemption, not by throttling adoption.
“So yes, a turning point in intent. But with rules final only by the end of 2026 and launches in 2027, the UK is course-correcting from behind, not leading.”
– Bernardo Brites, CEO of Trace
AI IPOs
“Everyone is focused on whether OpenAI or Anthropic reaches the public markets first, but that assumes the future of AI will be decided by model providers. Whether that’s the right assumption is up for debate.
“If you look at how enterprise technology markets typically evolve, the companies that create the most value are not always the ones building the underlying technology. They’re often the ones that make that technology usable, accessible, and embedded in everyday workflows. Most businesses don’t buy AI because they want access to a model. They buy AI because they want to solve a problem.
“An IPO could be an important milestone for OpenAI or Anthropic, but it may also mark the point where the industry starts asking a different question. Not who has the smartest model, but who is actually capturing the value created by AI. Those may not end up being the same companies.”
– Bindesh Vijayan, co-founder and CTO of Myndlab
“Oracle is the first big name to write ‘AI’ into a federal filing as the reason 21,000 people lost their jobs. Read the filing again, though. They spent $1.8 billion on severance and $55 billion building data centers.
“AI didn’t fire those people. A capex bill did, and AI was the cleanest line to write next to the number. When a company needs cash for GPUs, the payroll is the lever, and ‘automation’ is the word that makes the lever look like progress instead of a cut.
“Some of those jobs are genuinely gone. People trained the systems that replaced them, and that part is real. But here’s what I keep coming back to. Once ‘AI did it’ becomes the accepted reason, every board gets permission to cut first and explain later, and nobody asks who could actually still do the work.
“The story flattens 21,000 people into one word. Talent doesn’t disappear when the headcount does. It scatters, and right now there’s no good way to see where it went.
“We watch this from the hiring side every day across the Bondex ecosystem, and the job descriptions are already moving. Roughly one in four roles posted across our network now asks for AI or machine learning skills, up from about one in five at the end of last year.
“The work isn’t vanishing. It’s being rewritten, and the people who can prove they do the new version are about to be the most contested talent on the market. The problem is that proof is exactly what the hiring system can’t deliver. A resume can claim anything, and now AI can generate that claim in 10 seconds.
“That’s the gap we’re building Bondex to close. When the layoff reason is a single word in a filing, the people behind that number need somewhere their actual work is verified and visible, so a recruiter or an AI agent can find them on proof instead of a polished PDF. AI is going to keep reshaping who gets hired. The least it can do is help the right people get found.”
Every four years, Bitcoin cuts its mining rewards in half. Fidelity Digital Assets has spent the last two years building a detailed case for why concerns about network security are overblown.
The firm’s June 2026 report, titled “Bitcoin’s Programmed Security: Part Two,” is a follow-up to its March 2024 analysis and digs into the economic mechanics that keep Bitcoin resilient even as miners earn fewer coins per block. The core argument: the combination of rising hash rates, automatic difficulty adjustments, and growing transaction fee revenue creates a self-reinforcing security model that doesn’t collapse when subsidies decline.
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The numbers behind the argument Since the 2016 halving, Bitcoin’s hash rate has surged by over 8,000%. Since 2020, it has climbed 394%. Both of those stretches included halvings that cut miner rewards in half.
The most recent halving occurred in April 2024, dropping block rewards from 6.25 BTC to 3.125 BTC. The next one, expected around 2028, will reduce rewards further to 1.5625 BTC.
Why the doomsday math doesn’t add up Bitcoin’s difficulty adjustment mechanism recalibrates every 2,016 blocks (roughly two weeks), automatically adjusting how hard it is to mine a block. If miners drop off the network, difficulty falls, making it cheaper for remaining miners to operate. If miners flood in, difficulty rises.
Fidelity notes that while temporary hash rate dips have occurred after halvings, none have resulted in significant security breaches. The report also finds that even in projected low-subsidy environments beyond 2040, the cost of mounting a 51% attack on the network remains disproportionate to any potential gains from doing so.
Transaction fees as the long-term bridge During the April 2024 halving, transaction fees in a single block reached approximately 12 times the block subsidy. That spike was partly driven by the Runes protocol launch, which created unusual demand for block space.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Michael Saylor, the billionaire founder of Strategy (NASDAQ:MSTR), has lost billions of dollars for himself and his investors as the stock has continued its strong downward trend.
After peaking at $543 in November 2024, it has dropped to $82 today, with its market capitalization falling from $128 billion to $28 billion today. According to Forbes, his net worth has dropped from over $7 billion to $3 billion.
Saylor has weathered major challenges before, including in 2022, when Bitcoin (CRYPTO: BTC) plunged below $16,000 as the Federal Reserve aggressively raised interest rates and FTX collapsed.
Michael Saylor’s Strategy is Facing Unprecedented ChallengesThe current challenge, however, is severe. Bitcoin continues its strong downward trend, moving from a record high of $126,300 to $60,000 today, and is at risk of further downside as ETF outflows rise.
Technical analysis suggests that BTC will drop to $50k soon, leading to more unrealized losses since his average buying price was $64,000.
The company has also gained some major liabilities. Its total debt has jumped to over $8 billion. It has also launched several preferred stocks that have all moved below their par level. STRC dropped from $100 to $72.50, while the others like STRD, STRK, and STRF have all plunged.
The ongoing price action is a sign that investors anticipate that Strategy will be forced to sell its Bitcoin to cover its obligations. Earlier this month, the company sold 32 Bitcoins for the first time in years. It will sell these coins at a loss since the current Bitcoin price is lower than its buying value.
Also, as Peter Schiff warned, selling BTC will put pressure on the coin as we saw earlier this month, when it dropped below $60,000 after Strategy sold 32 coins.
History shows that Bitcoin has bounced back from bear markets several times. For example, it rebounded to a new record high last year after plunging following President Donald Trump’s tariff announcement. It also jumped from $15,800 in December 2022 to a record high of $126,200 late last year.
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The FBI is urging victims of the OneCoin cryptocurrency fraud to apply for government compensation before the June 30, 2026, deadline, with more than $40 million in forfeited assets still available.
The Department of Justice (DOJ) launched the remission claims process on April 13, making funds accessible to eligible investors. Victims can file petitions online, by mail, or by email through onecoinremission.com, the only authorized claims portal.
The $4 Billion Fraud Built on False PromisesOneCoin launched in 2014 out of Sofia, Bulgaria, with its founders marketing it as the next major cryptocurrency. Co-founders Ruja Ignatova and Karl Sebastian Greenwood pitched it as a ground-floor rival to Bitcoin (BTC), drawing in investors across dozens of countries.
Unlike genuine cryptocurrencies, OneCoin had no real blockchain, and its tokens were effectively worthless.
Ignatova and Greenwood drove growth through a multi-level marketing network. Existing investors earned commissions by recruiting new buyers, who then recruited more. As a result, victims worldwide collectively lost more than $4 billion.
Thai authorities arrested Greenwood in July 2018, and U.S. officials extradited him shortly after. He received a 20-year prison sentence in September 2023, with a court order to forfeit $300 million. Ignatova, however, has evaded capture since 2017 and remains on the FBI’s Ten Most Wanted list.
Furthermore, identity change reports suggest she may have altered her appearance, complicating the manhunt.
FBI New York Assistant Director in Charge James C. Barnacle Jr. described the scale of the harm.
“Misled by falsified statements and empty promises, many unknowingly depleted their savings for a fraudulent investment scheme in an emerging financial ecosystem that would never pay out.”
DOJ Warns of New Fraud Targeting VictimsThe program covers individuals who purchased OneCoin between Q4 2014 and Q4 2019 and suffered a net financial loss. However, filing a petition does not guarantee compensation.
BeInCrypto covered the DOJ remission program launch in April, when the petition window first opened. Filing is entirely free. The DOJ warned that any third party charging a fee is running a secondary scam. The US State Department offers a $5 million reward for information leading to the arrest of Ignatova.
With June 30 now days away, eligible victims face a narrow filing window. The DOJ’s wider crypto fraud crackdown signals continued enforcement focus, and broader warnings about crypto fraud infrastructure show why this remission fund remains a direct recovery path for OneCoin investors.
PANews June 28 news, according to Cointelegraph, Fidelity research analyst Daniel Gray refuted concerns that declining Bitcoin mining rewards would lead to long-term security deterioration, and in his latest research report pointed out that the Bitcoin network’s economic incentive mechanism is sufficient to ensure the blockchain’s long-term security. In the report, Daniel Gray reiterated the view that Bitcoin’s security does not solely depend on block rewards. The report noted that transaction fees, market incentives and other economic factors continuously incentivize miners to maintain network security, making the cost of a sustained attack prohibitively high.
The city of San Antonio, Texas, has approved a new regulation requiring all cryptocurrency kiosks across the city to prominently display warning signs against scams. This move follows 660 reported fraud cases between January 2024 and April 2026, involving losses totaling around $39 million according to police records.
How do the crypto scams typically unfold?The San Antonio Police Department has observed a recurring pattern in these fraud cases. Scammers initiate contact by posing as law enforcement officials, court clerks, government employees, or representatives from local utility companies. They fabricate urgent situations—such as an arrest warrant, unpaid fine, or overdue bill—to pressure victims into transferring money immediately.
Victims are frequently instructed to deposit cash into a Bitcoin ATM, with scammers claiming this payment will resolve the supposed emergency. To ensure compliance, the fraudsters keep victims on the phone throughout the transaction, effectively isolating them from family, store employees, or emergency assistance.
According to the San Antonio Police Department, no legitimate government agency or utility provider will ever ask citizens to make payments via a Bitcoin ATM.
Mandatory bilingual alerts at 193 locationsCity officials identified 193 crypto kiosk locations in San Antonio, a figure that surpasses the count found in Dallas, Fort Worth, or Austin. Under the new rule, operators must clearly display warning signs in both English and Spanish on every machine.
These notices must use color-coded backgrounds and 18-point text, positioned so they are easily readable to users at the kiosk. The banners will outline common cryptocurrency fraud schemes and urge anyone feeling pressured to send funds to immediately dial 911.
Glossary: A crypto kiosk is a physical device, similar in appearance to a traditional bank ATM, where users can buy or sell crypto assets with cash. Unlike regular ATMs, these devices process blockchain-based transactions.
Enforcement of the new rules and distribution of these warnings will be overseen by the San Antonio Police Department. Businesses failing to comply could face daily fines ranging from $100 to $500 per violation. The regulation comes into effect on July 1.
TitleDataNumber of reports660Total losses$39 millionCrypto kiosk locations193Start dateJuly 1Wider crackdown discussed across TexasSan Antonio’s recent action is part of a broader conversation taking shape statewide in Texas. Smith County Sheriff Larry Smith met with policymakers this week, advocating for an outright ban on these machines across the state. In May, Sheriff Smith called for this measure after a scam conducted from a Georgia prison deprived an elderly woman of $13,000.
State Senator Bryan Hughes’s office joined the discussion, alongside House Representatives Cole Hefner and Daniel Alders, as well as officials from the Texas Financial Crimes Intelligence Center. Attendees noted that Indiana, Tennessee, and Minnesota already have state-level bans on crypto ATMs.
Laura Bravo, an analyst with the United States Secret Service, highlighted that crypto transfers move faster than traditional financial transactions, and once funds reach an overseas exchange, recovery is exceedingly difficult.
Bravo further noted that crypto ATMs eliminate the human interaction a bank teller might provide, leaving victims more vulnerable. This lack of oversight allows scammers to exert greater control, making it easier for victims to carry out instructions without questioning suspicious requests.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
PANews June 28 news, according to CryptoBriefing, based on the "2026 Outlook Report" released by Fidelity Digital Assets, as of the end of 2025, the number of publicly listed companies holding at least 1,000 BTC increased from 22 at the end of 2024 to 49, collectively controlling close to 5% of the total Bitcoin supply. As of early June 2026, the number of publicly listed companies holding Bitcoin on their balance sheets grew further, with approximately 170 to 199 listed companies holding about 1.265 million BTC, accounting for roughly 6% of the total Bitcoin supply.
Iran’s Islamic Revolutionary Guard Corps launched missile and drone strikes targeting US military installations in Kuwait and Bahrain on June 3, 2026, marking a dramatic escalation in the simmering conflict between Washington and Tehran. The attacks reportedly targeted Ali Al Salem Air Base in Kuwait and the US Navy’s Fifth Fleet facilities in Bahrain.
Bitcoin’s response was immediate and brutal. The price dropped below $73,000, and more than $1 billion in leveraged positions were liquidated as traders scrambled to de-risk.
What happened on the ground The IRGC framed the strikes as direct retaliation for prior US attacks on Iranian soil. Those earlier US operations reportedly targeted communications infrastructure on Qeshm Island and military sites near the Strait of Hormuz, the narrow waterway through which roughly a fifth of the world’s oil supply passes daily.
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Both Kuwait and Bahrain activated their air defense systems in response to the incoming threats. Air raid warnings were issued across the affected areas as missile interceptions were attempted.
US Central Command acknowledged the missile threats and reported interceptions, though the actual extent of damage from Iran’s strikes remained largely unverified by American assessments.
There were also unverified claims that the conflict extended to Jordan, which, if confirmed, would represent an even broader regional destabilization. Jordan hosts several facilities used by US forces, and any confirmed strikes there would dramatically widen the scope of this confrontation.
The crypto connection runs deeper than price action Just one day before the IRGC’s attacks, on June 2, 2026, the US Treasury Department sanctioned Nobitex, Iran’s largest digital asset exchange. The Treasury cited Nobitex’s connections to the IRGC and its alleged role in sanctions evasion and illicit financial activity.
What this means for crypto investors The more than $1 billion in liquidations tells a specific story about market structure. A large number of traders were positioned long with leverage, betting on continued upside. The IRGC strikes created a sudden repricing of risk that cascaded through order books, triggering stop losses and forced selling in a self-reinforcing cycle.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Analysis: Weak demand from U.S. institutions may keep Bitcoin under pressure and range-bound in the short term.
Bitfire Group stated in its latest market commentary that Bitcoin’s negative premium on Coinbase has continued to widen, signaling persistent weakness in U.S. institutional buying. Meanwhile, Strategy’s income preferred stock (ticker: STRC) briefly dipped below $84. Though there is no immediate liquidation risk, market concerns over whether the firm will need to sell Bitcoin continue to weigh on sentiment. From a technical perspective, Bitcoin remains trading below its 20-day and 50-day moving averages, with short-term MAs in a bearish alignment. The daily RSI stands at around 40—weak but not yet in oversold territory. The overall Bollinger Bands are sloping downward, with the middle band acting as strong resistance. Bitfire Group believes that with a lack of sustained bullish momentum and bears still holding the upper hand, Bitcoin will likely continue fluctuating below resistance levels in the short term, further testing actual buying demand on the downside. Key resistance levels are at $64,650, $66,900, and $69,800, while the main support level is at $63,500.
5 minutes ago
Chinese crypto figure Ma Ji sold 34 Bored Ape Yacht Club (BAYC) NFTs recently to cover his positions, netting 326 ETH from the sale and incurring a loss of 399 ETH.
According to Lookonchain monitoring, renowned NFT collector Machi Big Brother recently allegedly sold Bored Ape Yacht Club (BAYC) NFTs to fund his long ETH position on Hyperliquid. Data shows that over the past month, Machi has sold a total of 34 BAYC NFTs, raising 326 ETH (approximately $514,000), but incurring a total loss of 399 ETH (about $631,000). Bored Ape #6057 was his most loss-making transaction: the NFT was purchased four years ago for 76.84 ETH, and recently sold for only 7.65 ETH, representing a roughly 90% loss. Meanwhile, Machi’s long ETH position on Hyperliquid has been liquidated multiple times recently. Lookonchain noted that he was liquidated again approximately 3 hours ago, leaving his account balance at around $81,000.
5 minutes ago
Thailand has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of money laundering through illegal cryptocurrency mining.
Thailand’s Department of Special Investigation (DSI) has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of belonging to a criminal organization that allegedly uses illegal cryptocurrency mining to launder proceeds from fraud and online gambling. Wang, a former leader of the Thai-China Trade Association, is identified as a core figure in the involved Chinese investor group. Reuters’ 2023 investigative report, which centered on Wang, revealed that a U.S. blockchain analytics firm found fraud-related cryptocurrency wallets had sent millions of dollars to accounts under Wang’s name, while he actively cultivated ties with top Thai political and law enforcement officials at the time. A DSI spokesperson stated Wang was charged last November with theft and violations of the Computer Crime Act, adding that he is believed to have fled Thailand, and authorities are tracking his whereabouts in cooperation with international partners. Separately, Thai authorities have also issued arrest warrants for four unnamed Chinese nationals and four unnamed Myanmar nationals.
5 minutes ago
US-Iran conflict escalates for three consecutive days: Iran targets US military base in Kuwait with missiles and drones, Trump warns "Iran will cease to exist"
According to CNN, the situation has reversed sharply after the U.S.-Iran ceasefire deal took effect, with military clashes breaking out for three consecutive days between the two sides, multiple Gulf countries drawn into the conflict, and the Strait of Hormuz facing renewed severe threats to navigation. In the latest development, Iran's Islamic Revolutionary Guard Corps (IRGC) claimed to have struck U.S. military facilities in Kuwait and Bahrain with missiles and drones in retaliation for earlier U.S. airstrikes. Kuwaiti military confirmed its air defense systems are intercepting incoming targets, while Bahrain's Interior Ministry issued an alert urging residents to head to the nearest safe locations immediately. For the U.S. military, U.S. Central Command announced multiple rounds of strikes on Iran's missile and drone storage facilities, military surveillance infrastructure, communication systems, air defense positions and mine-laying capabilities, citing Iran's "continuous attacks on merchant ships". Trump immediately issued the sternest warning on social media, saying that if Iran does not stop the attacks, the U.S. military will be forced to "complete the tasks already initiated by military means", and that "the Islamic Republic of Iran will cease to exist". Iran responded firmly, with the IRGC stating that the U.S. airstrikes violated the ceasefire deal and "will lead to a complete halt of all diplomatic processes". Meanwhile, the Israeli military launched a drone attack in southern Lebanon just one day after a framework agreement was reached between Israel and Lebanon, further complicating the regional situation. The preliminary agreement signed by the U.S. and Iran this month aimed at restoring navigation in the Strait of Hormuz is facing the risk of complete collapse amid the continuous clashes, and market concerns over oil prices, safe-haven assets and global energy supplies are rising sharply.
5 minutes ago
Whale "sat0shi777" is trapped in both long and short positions simultaneously, with total unrealized losses exceeding $3 million on a combined position worth $102 million.
According to EmberCN’s monitoring, on-chain whale address "sat0shi777" recently executed a rare operation of being trapped in both long and short positions simultaneously. On June 24, the whale opened a long position of 468 BTC at an average price of $62,729, with a position size of approximately $29.38 million. Shortly after, Bitcoin fell below $60,000, and the long position currently has an unrealized loss of around $1.86 million. Yesterday morning, amid a downtrend, the whale added to a short position of 47,500 ETH at an average price of $1,536, with a position size of roughly $72.94 million. However, ETH did not continue to decline afterward, and the short position currently shows an unrealized loss of about $1.23 million. The combined market value of the two positions is approximately $102.32 million, with a total unrealized loss of over $3.09 million, leaving the whale in the red on both long and short sides.
5 minutes ago
A new crypto address has increased its holdings by 1,350 BTC, valued at approximately $81.87 million.
According to Lookonchain’s monitoring, a newly created wallet address bc1q4m has withdrawn 1,350 BTC from Binance, worth approximately $81.87 million at current prices.
PANews June 28 news, according to Coinglass data, the current Coinbase Pro Bitcoin wallet balance stands at 852,522 BTC, ranking first among CEXs; with an inflow of 480.03 BTC over the past 7 days and an outflow of 3,090.04 BTC over the past 30 days. Binance's Bitcoin wallet balance is 647,935.27 BTC, with an inflow of 3,778.74 BTC over the past 7 days and an inflow of 13,825.87 BTC over the past 30 days. Bybit's Bitcoin wallet balance is 417,237.84 BTC, with an inflow of 1,532.75 BTC over the past 7 days and an inflow of 6,235.82 BTC over the past 30 days. OKX's Bitcoin wallet balance is 91,204.24 BTC, with an outflow of 11,173.43 BTC over the past 7 days and an outflow of 11,161.42 BTC over the past 30 days.
Analysis: Weak demand from U.S. institutions may keep Bitcoin under pressure and range-bound in the short term.
Bitfire Group stated in its latest market commentary that Bitcoin’s negative premium on Coinbase has continued to widen, signaling persistent weakness in U.S. institutional buying. Meanwhile, Strategy’s income preferred stock (ticker: STRC) briefly dipped below $84. Though there is no immediate liquidation risk, market concerns over whether the firm will need to sell Bitcoin continue to weigh on sentiment. From a technical perspective, Bitcoin remains trading below its 20-day and 50-day moving averages, with short-term MAs in a bearish alignment. The daily RSI stands at around 40—weak but not yet in oversold territory. The overall Bollinger Bands are sloping downward, with the middle band acting as strong resistance. Bitfire Group believes that with a lack of sustained bullish momentum and bears still holding the upper hand, Bitcoin will likely continue fluctuating below resistance levels in the short term, further testing actual buying demand on the downside. Key resistance levels are at $64,650, $66,900, and $69,800, while the main support level is at $63,500.
5 minutes ago
Chinese crypto figure Ma Ji sold 34 Bored Ape Yacht Club (BAYC) NFTs recently to cover his positions, netting 326 ETH from the sale and incurring a loss of 399 ETH.
According to Lookonchain monitoring, renowned NFT collector Machi Big Brother recently allegedly sold Bored Ape Yacht Club (BAYC) NFTs to fund his long ETH position on Hyperliquid. Data shows that over the past month, Machi has sold a total of 34 BAYC NFTs, raising 326 ETH (approximately $514,000), but incurring a total loss of 399 ETH (about $631,000). Bored Ape #6057 was his most loss-making transaction: the NFT was purchased four years ago for 76.84 ETH, and recently sold for only 7.65 ETH, representing a roughly 90% loss. Meanwhile, Machi’s long ETH position on Hyperliquid has been liquidated multiple times recently. Lookonchain noted that he was liquidated again approximately 3 hours ago, leaving his account balance at around $81,000.
5 minutes ago
Thailand has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of money laundering through illegal cryptocurrency mining.
Thailand’s Department of Special Investigation (DSI) has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of belonging to a criminal organization that allegedly uses illegal cryptocurrency mining to launder proceeds from fraud and online gambling. Wang, a former leader of the Thai-China Trade Association, is identified as a core figure in the involved Chinese investor group. Reuters’ 2023 investigative report, which centered on Wang, revealed that a U.S. blockchain analytics firm found fraud-related cryptocurrency wallets had sent millions of dollars to accounts under Wang’s name, while he actively cultivated ties with top Thai political and law enforcement officials at the time. A DSI spokesperson stated Wang was charged last November with theft and violations of the Computer Crime Act, adding that he is believed to have fled Thailand, and authorities are tracking his whereabouts in cooperation with international partners. Separately, Thai authorities have also issued arrest warrants for four unnamed Chinese nationals and four unnamed Myanmar nationals.
5 minutes ago
US-Iran conflict escalates for three consecutive days: Iran targets US military base in Kuwait with missiles and drones, Trump warns "Iran will cease to exist"
According to CNN, the situation has reversed sharply after the U.S.-Iran ceasefire deal took effect, with military clashes breaking out for three consecutive days between the two sides, multiple Gulf countries drawn into the conflict, and the Strait of Hormuz facing renewed severe threats to navigation. In the latest development, Iran's Islamic Revolutionary Guard Corps (IRGC) claimed to have struck U.S. military facilities in Kuwait and Bahrain with missiles and drones in retaliation for earlier U.S. airstrikes. Kuwaiti military confirmed its air defense systems are intercepting incoming targets, while Bahrain's Interior Ministry issued an alert urging residents to head to the nearest safe locations immediately. For the U.S. military, U.S. Central Command announced multiple rounds of strikes on Iran's missile and drone storage facilities, military surveillance infrastructure, communication systems, air defense positions and mine-laying capabilities, citing Iran's "continuous attacks on merchant ships". Trump immediately issued the sternest warning on social media, saying that if Iran does not stop the attacks, the U.S. military will be forced to "complete the tasks already initiated by military means", and that "the Islamic Republic of Iran will cease to exist". Iran responded firmly, with the IRGC stating that the U.S. airstrikes violated the ceasefire deal and "will lead to a complete halt of all diplomatic processes". Meanwhile, the Israeli military launched a drone attack in southern Lebanon just one day after a framework agreement was reached between Israel and Lebanon, further complicating the regional situation. The preliminary agreement signed by the U.S. and Iran this month aimed at restoring navigation in the Strait of Hormuz is facing the risk of complete collapse amid the continuous clashes, and market concerns over oil prices, safe-haven assets and global energy supplies are rising sharply.
5 minutes ago
A new crypto address has increased its holdings by 1,350 BTC, valued at approximately $81.87 million.
According to Lookonchain’s monitoring, a newly created wallet address bc1q4m has withdrawn 1,350 BTC from Binance, worth approximately $81.87 million at current prices.
5 minutes ago
Crypto stocks have fallen far more sharply than large-cap tech stocks: Coinbase and Circle have declined 69% and 72% respectively from their peaks, with Bitcoin briefly falling below $60,000, exacerbating bearish sentiment.
Amid a broad sell-off in tech stocks, crypto-related equities have seen particularly steep declines, with their divergence from the broader market continuing to widen. Coinbase (COIN) and Circle (CRCL) have fallen 69% and 72% respectively from their all-time highs, far outpacing the 48% to 57% pullbacks of major tech stocks including Oracle, Salesforce, Netflix, and Palantir. By comparison, the S&P 500 index has dropped just 3.5% from its recent peak. Fundamentally, Coinbase’s first-quarter results missed Wall Street estimates by a wide margin: revenue fell 21% quarter-over-quarter, posting a loss of $1.49 per share, while analysts had previously projected earnings of $0.27 per share. Bitcoin fell below $60,000 this week, down more than 54% from its October peak. Ethereum also dropped to around $1,500, roughly 69% lower than its record high last year, as market sentiment continues to deteriorate. In its mid-year outlook report, 21Shares cut its 2026 crypto market forecast, noting that digital asset price performance is significantly lagging behind the sector’s fundamentals. The firm pointed out that institutional adoption continues to deepen, with stablecoins, asset tokenization, and prediction markets all maintaining strong growth momentum, but Bitcoin’s four-year market cycle remains the dominant driver of price movements. The report also acknowledged a prior misjudgment: “Bitcoin’s cycle is evolving, but it has not broken,” retracting its earlier claim that the four-year cycle was obsolete. Analysts argue that the sharp pullback in crypto equities reflects a combination of three pressures: overall weakness in the digital asset market, uncertainty surrounding structural legislation for the U.S. crypto market, and the potential impact of AI technology on existing business models.
The verbal duels between iconic figures of the crypto industry often reveal the structural cracks of a market undergoing institutional transformation. During a particularly noteworthy media appearance on CNBC this Friday, Ripple CEO Brad Garlinghouse criticized Michael Saylor’s Bitcoin accumulation strategy through his company Strategy, stating that this approach seriously harms the entire crypto ecosystem. This statement comes amidst an uncertain macroeconomic climate, where the leading crypto shows clear signs of weakness below the $60,000 mark, weakening financial architectures based on corporate over-indebtedness.
In brief Brad Garlinghouse openly criticizes Michael Saylor’s Bitcoin strategy, which he considers detrimental to the entire crypto market. The plunge of Strategy’s shares and latent losses on its Bitcoin reserves fuel doubts about the viability of its financial model. The Ripple CEO opposes a vision based on the real utility of blockchain networks to a strategy relying on debt to accumulate Bitcoin. Despite his criticisms of Strategy, Brad Garlinghouse continues to consider Bitcoin a solid asset and a true digital gold. The stock market collapse of Strategy’s bond model Brad Garlinghouse’s criticisms focus on the tangible technical problems facing the refinancing structure established by Michael Saylor today. The Ripple CEO described “an overwhelming indictment” of the current situation of the company’s perpetual convertible preferred shares, listed under the ticker STRC. This security, which should trade at its face value of $100 while distributing an annual dividend of 11.5%, experienced an unprecedented collapse, trading around $74, nearly 26% below its original issue price.
This loss of anchor reflects a major trust crisis among institutional investors about the sustainability of the debt accumulated to continuously buy Bitcoin. At the same time, the company’s common stock (MSTR) closed its weekly trading session at about $82, marking its worst performance and lowest level since February 2024.
Accounting figures from market reports show the immediate blockage of this credit purchase mechanism, placing the company in front of critical indicators :
An average acquisition price of Bitcoin by Strategy set by regulations around $75,656 per unit ; A Bitcoin price struggling around $59,000, plunging the company’s portfolio into a massive latent loss exceeding 14 billion dollars ; The obligation to liquidate part of its assets by selling 32 Bitcoins at the end of May to meet dividend payment deadlines for the STRC. This strategic reversal contradicts Michael Saylor’s historic statements, who had promised never to sell any fraction of his treasury reserves.
The doctrinal clash between financial engineering and real utility of networks Beyond the pure collapse of accounting results, Brad Garlinghouse’s criticism reveals a deep philosophical debate about what should guide the long-term valuation of the blockchain sector. The Ripple CEO strongly denounced the illusion of creating value through debt by stating: “financial engineering does not create long-term value.” According to him, the frantic accumulation of volatile assets through excessive financial leverage exposes the entire market to a systemic risk of forced liquidation.
Garlinghouse insisted that “the long-term value of any crypto will come from its utility,” thus contrasting Ripple’s cross-border payment technological infrastructure with Michael Saylor’s mere cash speculation. In response to these attacks and market pressure, Michael Saylor gave a laconic response on social media, stating that “volatility tests every capital structure.”
This confrontation highlights the drastic reduction of Strategy’s business model maneuvering room. Recent analyses published by CryptoQuant show that the company’s dividend coverage window has shrunk from over seven years to about 14 months only, due to price declines. In the face of this fragility, Ripple’s XRP token paradoxically showed some resilience, trading above the $1.05 threshold, supported by the release of its annual impact report highlighting the expansion of its institutional services.
Outlook : Between technological resilience of Bitcoin and institutional restructuring Despite the harshness of his indictment against financial leverage abuses, Brad Garlinghouse remains fundamentally optimistic about Bitcoin’s intrinsic value. He continues to firmly define the leading crypto as a modern and superior form of “digital gold.”
The CEO illustrated this technological superiority over traditional physical assets by the historical example of transferring $300 billion worth of gold by the German central bank, a complex logistical operation that required two years of effort and astronomical financial costs, while an equivalent transaction on the Bitcoin network executes in a few minutes transparently. This essential distinction between the strength of the underlying asset and the excesses of investment vehicles exploiting it invites institutional players to separate the protocol’s solidity from risks of specific corporate credit.
The current situation forces investors to reflect more deeply on the maturity of the crypto ecosystem. While Strategy’s aggressive refinancing model shows clear signs of exhaustion amid a prolonged bear market, the overall resilience of the network shows that the blockchain infrastructure is ready to absorb these macroeconomic shocks.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Ripple CTO Emeritus David Schwartz has settled a renewed debate over XRP (XRP) origins, confirming that a precursor payment network concept predated Bitcoin (BTC) by five years, but that XRP itself did not.
Schwartz responded on X after a social post claimed XRP predated Bitcoin by decades. The post called XRP the oldest digital asset, a label Schwartz addressed directly, drawing a sharp line between an early concept and the coin Ripple manages today.
What Ryan Fugger Designed in 2004Ryan Fugger conceptualized a decentralized payment and settlement network around 2004. That placed his concept roughly five years before Satoshi Nakamoto published the Bitcoin white paper.
Schwartz confirmed the timeline on X but flagged a crucial omission. Fugger’s design included no decentralized assets. His system, later known as RipplePay, functioned as a trust-based credit network.
Users routed value through pre-existing trust relationships rather than a shared cryptographic ledger. There was no native token and no open asset that could be traded independently.
Schwartz addressed the distinction on X.
Ryan Fugger conceptualized a decentralized payment/settlement network (but without decentralized assets) around 2004, well before bitcoin.
— David 'JoelKatz' Schwartz (@JoelKatz) June 26, 2026 However, that separation matters. Bitcoin introduced open bearer assets secured by proof of work. The XRP Ledger brought its own model for decentralized value transfer, but it arrived after Bitcoin, not before.
XRP Launched Three Years After BitcoinThe XRP Ledger went live in 2012, three years after Bitcoin’s genesis block was mined in January 2009. Jed McCaleb, Arthur Britto, and Schwartz built the protocol together before Ripple assumed stewardship.
That timeline directly dismantles the 1988 claim. Fugger’s concept may predate Bitcoin, but a concept is not a coin. The XRP Ledger and the XRP token both trace their launch to 2012.
The distinction carries weight beyond historical accuracy. Ripple’s CEO has also criticized Bitcoin’s corporate strategy, reflecting broader tensions between the two communities.
The debate reflects a pattern seen across the crypto industry. Origin stories often conflate an idea with its execution. Earlier this year, the Bitcoin CIA creation claim drew broad pushback through a similar dynamic.
XRP Holds Near $1 as Ripple Expands Into EuropeThe token recently tested the $1 psychological level amid a sharp slide from earlier highs. Some investors still treat the coin as a long-term inflation hedge, though analysts have found the math difficult to support at current prices.
XRP Price Performance. Source: BeInCrypto MarketsSchwartz has stayed active in the community beyond the origins question. He recently discussed investing versus gambling in a post that generated its own round of debate among holders.
How far back XRP’s roots run may be less relevant than where Ripple is heading. The company recently obtained European MiCA approval via a Luxembourg license, broadening its regulatory footprint across the continent.
Analysis: Weak demand from U.S. institutions may keep Bitcoin under pressure and range-bound in the short term.
Bitfire Group stated in its latest market commentary that Bitcoin’s negative premium on Coinbase has continued to widen, signaling persistent weakness in U.S. institutional buying. Meanwhile, Strategy’s income preferred stock (ticker: STRC) briefly dipped below $84. Though there is no immediate liquidation risk, market concerns over whether the firm will need to sell Bitcoin continue to weigh on sentiment. From a technical perspective, Bitcoin remains trading below its 20-day and 50-day moving averages, with short-term MAs in a bearish alignment. The daily RSI stands at around 40—weak but not yet in oversold territory. The overall Bollinger Bands are sloping downward, with the middle band acting as strong resistance. Bitfire Group believes that with a lack of sustained bullish momentum and bears still holding the upper hand, Bitcoin will likely continue fluctuating below resistance levels in the short term, further testing actual buying demand on the downside. Key resistance levels are at $64,650, $66,900, and $69,800, while the main support level is at $63,500.
1 seconds ago
Chinese crypto figure Ma Ji sold 34 Bored Ape Yacht Club (BAYC) NFTs recently to cover his positions, netting 326 ETH from the sale and incurring a loss of 399 ETH.
According to Lookonchain monitoring, renowned NFT collector Machi Big Brother recently allegedly sold Bored Ape Yacht Club (BAYC) NFTs to fund his long ETH position on Hyperliquid. Data shows that over the past month, Machi has sold a total of 34 BAYC NFTs, raising 326 ETH (approximately $514,000), but incurring a total loss of 399 ETH (about $631,000). Bored Ape #6057 was his most loss-making transaction: the NFT was purchased four years ago for 76.84 ETH, and recently sold for only 7.65 ETH, representing a roughly 90% loss. Meanwhile, Machi’s long ETH position on Hyperliquid has been liquidated multiple times recently. Lookonchain noted that he was liquidated again approximately 3 hours ago, leaving his account balance at around $81,000.
1 seconds ago
Thailand has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of money laundering through illegal cryptocurrency mining.
Thailand’s Department of Special Investigation (DSI) has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of belonging to a criminal organization that allegedly uses illegal cryptocurrency mining to launder proceeds from fraud and online gambling. Wang, a former leader of the Thai-China Trade Association, is identified as a core figure in the involved Chinese investor group. Reuters’ 2023 investigative report, which centered on Wang, revealed that a U.S. blockchain analytics firm found fraud-related cryptocurrency wallets had sent millions of dollars to accounts under Wang’s name, while he actively cultivated ties with top Thai political and law enforcement officials at the time. A DSI spokesperson stated Wang was charged last November with theft and violations of the Computer Crime Act, adding that he is believed to have fled Thailand, and authorities are tracking his whereabouts in cooperation with international partners. Separately, Thai authorities have also issued arrest warrants for four unnamed Chinese nationals and four unnamed Myanmar nationals.
1 seconds ago
US-Iran conflict escalates for three consecutive days: Iran targets US military base in Kuwait with missiles and drones, Trump warns "Iran will cease to exist"
According to CNN, the situation has reversed sharply after the U.S.-Iran ceasefire deal took effect, with military clashes breaking out for three consecutive days between the two sides, multiple Gulf countries drawn into the conflict, and the Strait of Hormuz facing renewed severe threats to navigation. In the latest development, Iran's Islamic Revolutionary Guard Corps (IRGC) claimed to have struck U.S. military facilities in Kuwait and Bahrain with missiles and drones in retaliation for earlier U.S. airstrikes. Kuwaiti military confirmed its air defense systems are intercepting incoming targets, while Bahrain's Interior Ministry issued an alert urging residents to head to the nearest safe locations immediately. For the U.S. military, U.S. Central Command announced multiple rounds of strikes on Iran's missile and drone storage facilities, military surveillance infrastructure, communication systems, air defense positions and mine-laying capabilities, citing Iran's "continuous attacks on merchant ships". Trump immediately issued the sternest warning on social media, saying that if Iran does not stop the attacks, the U.S. military will be forced to "complete the tasks already initiated by military means", and that "the Islamic Republic of Iran will cease to exist". Iran responded firmly, with the IRGC stating that the U.S. airstrikes violated the ceasefire deal and "will lead to a complete halt of all diplomatic processes". Meanwhile, the Israeli military launched a drone attack in southern Lebanon just one day after a framework agreement was reached between Israel and Lebanon, further complicating the regional situation. The preliminary agreement signed by the U.S. and Iran this month aimed at restoring navigation in the Strait of Hormuz is facing the risk of complete collapse amid the continuous clashes, and market concerns over oil prices, safe-haven assets and global energy supplies are rising sharply.
1 seconds ago
Whale "sat0shi777" is trapped in both long and short positions simultaneously, with total unrealized losses exceeding $3 million on a combined position worth $102 million.
According to EmberCN’s monitoring, on-chain whale address "sat0shi777" recently executed a rare operation of being trapped in both long and short positions simultaneously. On June 24, the whale opened a long position of 468 BTC at an average price of $62,729, with a position size of approximately $29.38 million. Shortly after, Bitcoin fell below $60,000, and the long position currently has an unrealized loss of around $1.86 million. Yesterday morning, amid a downtrend, the whale added to a short position of 47,500 ETH at an average price of $1,536, with a position size of roughly $72.94 million. However, ETH did not continue to decline afterward, and the short position currently shows an unrealized loss of about $1.23 million. The combined market value of the two positions is approximately $102.32 million, with a total unrealized loss of over $3.09 million, leaving the whale in the red on both long and short sides.
1 seconds ago
A new crypto address has increased its holdings by 1,350 BTC, valued at approximately $81.87 million.
According to Lookonchain’s monitoring, a newly created wallet address bc1q4m has withdrawn 1,350 BTC from Binance, worth approximately $81.87 million at current prices.
Suspicions are mounting that the $292 million stolen from the KelpDAO bridge in April and the funds lost to a private key theft at Humanity Protocol in June are connected, as new on-chain data highlights possible links between the two breaches. Blockchain analyst Specter revealed that assets from both attacks have been combined in shared wallets, forming a pattern indicative of a single laundering operation.
Funds converge on the Bitcoin networkAccording to data released by Specter, the perpetrator of the Humanity Protocol hack transferred 15,403 ETH, amounting to roughly $23.6 million, into a relatively new Ethereum address. These funds were then bridged to the Bitcoin network, where they pooled with proceeds previously traced to the KelpDAO hack, suggesting a coordinated movement of assets.
Gathering funds from different attacks into common Bitcoin wallets and then funneling them through mixers and over-the-counter transactions is a method frequently seen in operations tied to the Lazarus Group.
Researchers believe this approach mirrors tactics used in previous North Korea-linked Lazarus Group operations. Analysis by ZachXBT and Specter indicates that the asset flows from the two separate incidents ultimately converged at a single financial outflow point.
Glossary: An RPC node is the technical infrastructure enabling blockchain applications to communicate with the network. A DDoS attack aims to overwhelm a service with simultaneous requests, rendering it inaccessible.
Bridge mechanism targeted in KelpDAO attackChainalysis investigations found that, in the April 18 KelpDAO attack, cybercriminals compromised internal RPC nodes operated by LayerZero Labs while launching a simultaneous DDoS attack on external nodes. This allowed them to deceive the Ethereum bridge contract, releasing 116,500 rsETH into circulation on the destination chain without a corresponding burn event on the source chain.
The attack was attributed to the Lazarus Group. The Arbitrum Security Council managed to freeze over 30,000 ETH linked to the hacker downstream. An emergency shutdown mechanism enabled by KelpDAO also prevented an additional $95 million from being withdrawn from the platform.
Phishing at the core of the Humanity Protocol incidentThough the Humanity Protocol breach relied on a different technique, post-incident analysis once again pointed to actors linked to North Korea. According to Quantstamp’s incident report dated June 11, the attacker deceived company executive Chong Yee Wai with a malicious email masquerading as a South Korea-based crypto exchange, Bithumb.
Quantstamp found that the breach shared hallmarks of North Korean-origin intrusions, noting the malware installed granted remote desktop access to the attacker.
Subsequently, the attacker copied MetaMask wallet keys from Chong’s Windows device. These keys were then used to mint and sell unauthorized $H tokens on Ethereum and BNB Smart Chain. Following the incident, the token price plummeted nearly 89%. Quantstamp reported that known attacker addresses amassed more than $21 million worth of ETH from the exploit.
Legal proceedings complicate recovery effortsLegal challenges have added new complexity to the ongoing investigation. There are reportedly more than $877 million in outstanding judgments in US courts against North Korea. In May, plaintiffs filed a preliminary injunction seeking the seizure of approximately 30,766 ETH—worth about $71 million—frozen by Arbitrum DAO, based on a court order dated April 30.
Plaintiffs contend that, because the assets are linked to North Korea, they should be subject to confiscation. Meanwhile, Arbitrum has initiated a governance process to transfer the frozen KelpDAO funds to a recovery initiative backed by Aave Labs, KelpDAO, LayerZero, EtherFi, and Compound. The court has since approved the Arbitrum vote, paving the way to move the KelpDAO funds to Aave.
Even with this latest on-chain confirmation, it remains unclear whether losses and potential recovery claims stemming from the Humanity Protocol incident will face similar legal proceedings.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The refusal of Binance’s MiCA license in Greece shakes the European crypto market. As the world’s largest platform sees its access to the EU restricted, regulatory tensions rapidly intensify. Behind this decision, a larger power struggle pits institutions against crypto players, against the backdrop of European monetary transformation in a context of accelerating the digital euro and European financial control. Does the Binance case mark a turning point for the European financial system?
In Brief Greece refuses Binance’s MiCA license, illustrating the tightening of access to the European crypto-asset market. Binance confirms the failure of its application, amid growing restrictions on its activities in Europe. Suspicions of political pressure arise, although no official involvement of the ECB has been demonstrated. Stablecoins and the digital euro emerge as major strategic issues for European authorities. The Binance case symbolizes the strengthening of European institutions’ control over digital finance. Binance Facing MiCA: A License Refusal Marking a Turning Point for Access to the European Market The refusal of Binance’s MiCA license in Greece stands as one of the most important events under the new European regulatory framework applied to cryptocurrencies. The platform, still the largest in the world with over 300 million users, aimed to obtain a regulatory passport allowing it to operate freely throughout the European Union.
Binance confirmed the failure of this procedure amid already tense circumstances marked by a message to its European users announcing the gradual suspension of certain activities on the continent. This internal communication reinforced the idea of a real regulatory turning point for the platform, forced to review its strategy facing MiCA’s requirements.
Binance informs its clients of the progressive restriction of its services starting July 1, 2026, while confirming that crypto-asset withdrawals will remain accessible. With this new framework, Europe intends to uniformly regulate crypto players, but in practice, it also becomes an extremely selective access filter for international platforms.
This refusal is not just about a simple administrative authorization. It highlights a structural evolution of the European market, where entry conditions are becoming increasingly strict for non-bank players and large global crypto platforms.
For Binance, this blockage occurs in a context where demand for crypto services remains high in Europe, but regulatory requirements are strongly tightening. The company thus finds itself in an environment where access to the European market now depends on full compliance with standards imposed by European institutions.
This first regulatory shock lays the foundation for the debate surrounding the Binance case today: an issue that goes far beyond a simple license and touches on the very place of crypto infrastructures in the European financial system.
The ECB Behind Binance’s Refusal? Suspicions Grow Around a Financial Control Strategy The refusal of Binance’s MiCA license in Greece continues to raise questions about the behind-the-scenes of this decision. According to information published by The Big Whale media, the crypto platform’s file was technically finalized before a turnaround occurred in the last stages of the regulatory process.
According to sources cited by the media, the Greek Capital Market Commission (HCMC) deemed Binance’s application complete and compliant with regulatory requirements. The officer in charge of anti-money laundering within the Greek regulator also maintained a favorable opinion regarding obtaining the license.
The forty-day review period provided by the MiCA regulation also expired on June 4 without any European objection. Binance had even anticipated a positive outcome by filing passporting notifications with the HCMC to prepare its expanded access to the European market.
The file thus seemed close to completion. The president of the DFSC, the coordinating body within the European Securities and Markets Authority (ESMA), reportedly indicated during a phone call on June 2 that it was the “last call” regarding the Binance procedure.
The situation reportedly changed between June 7 and 15. The shift in position came after political pressure attributed to the European Central Bank. Christine Lagarde, ECB president, apparently told Greek Prime Minister Kyriakos Mitsotakis during a meeting held in May that Binance was not considered a desirable player for Europe.
The Greek finance minister, also president of the Eurogroup and favorable to granting the license, ultimately failed to convince the prime minister to continue the process. The national political context, with the possibility of early elections before the end of the year, also reportedly pushed Kyriakos Mitsotakis to avoid a direct confrontation with the ECB.
These revelations now fuel criticism from part of the crypto industry, which believes the Binance file goes beyond the regulatory issue and reveals a broader desire to control the evolution of the European digital financial sector.
Binance and Stablecoins: A Battle for Control of European Financial Infrastructures At the heart of questions lies the issue of stablecoins. According to sources cited by The Big Whale, the stance attributed to Christine Lagarde, long known for her criticisms of stablecoins and Bitcoin, is mainly related to Binance’s strategic role in this ecosystem.
As the world’s leading exchange platform, Binance also represents one of the main liquidity channels for stablecoins in Europe. A dominant position that could compete with the vision promoted by the ECB around the digital euro.
This situation appears paradoxical to some industry observers. Binance, primarily an exchange platform and distribution infrastructure, could theoretically contribute to the development of new digital financial uses, including around a future European digital currency.
“It’s paradoxical because Binance is an exchange platform, a distribution channel. It could quite support the digital euro project,” a source cited by The Big Whale reportedly explained.
This source also reportedly drew a parallel with the case of Revolut, which faced obstacles in the European Union due to concerns about its internal control mechanisms. According to this analysis, European institutions’ worry concerns less the existence of new financial actors than their ability to reach a sufficiently large size to compete with traditional structures.
“The concern is about the size of new entrants; Christine Lagarde would prefer traditional banks to manage the flows,” this source added.
This vision is also legally contested. An expert cited by The Big Whale believes that any political interference in a MiCA process would be a major problem, recalling that the ECB officially has no direct competence over crypto license granting.
“This is political interference in a process under the exclusive competence of an independent regulator,” this expert reportedly said. “The ECB has no authority over MiCA licenses.”
Although no direct intervention by the ECB has been officially demonstrated, the Binance case fuels a broader debate about Europe’s financial future. For its critics, the regulatory tightening against large crypto platforms occurs at the very moment the ECB is developing a public digital alternative with the digital euro.
“And It is adopted, digital euro is adopted, this is a historic day for Europe” These are the words with which Aurore Lalucq, chair of the European Parliament’s Committee on Economic and Monetary Affairs, announced the official adoption of the digital euro project.
This timing does not go unnoticed. At a time when this declaration marks a major political acceleration around European digital currency, Binance, the world’s largest crypto platform with over 300 million users, finds itself blocked in Europe with the refusal of its MiCA license in Greece.
It is hard to see here a simple coincidence of timing. On one side, Europe pushes a digital monetary infrastructure entirely controlled by public institutions. On the other, it slows the expansion of a global private actor that has structured a large part of global crypto liquidity.
The digital euro is not a neutral evolution of payments. It is a profound transformation of the European financial architecture, harboring an unprecedented extreme control mechanism aimed at preserving a completely dysfunctional economic system rejected by citizens.
Binance, conversely, represents a parallel finance already functional on a global scale. An infrastructure independent of traditional banks, organizing crypto exchanges on a very large scale, largely escaping classical financial circuits.
It is precisely here that the case becomes strategic. The refusal of the MiCA license no longer looks like a simple regulatory decision. It fits into a larger dynamic where access to the European market is increasingly conditioned on integration into the institutional framework.
And What Next? We are clearly changing worlds.
The ECB and European institutions are very aware of what is happening: the European population is progressively turning away from the traditional financial system. Bitcoin is no longer a marginal asset. Cryptos are no longer a “speculative bet.” They have become a parallel infrastructure used by millions of users to store, transfer, and protect value outside the classical banking system.
And these figures are already known internally. Central banks and financial institutions closely monitor crypto-asset adoption, the explosion of Bitcoin wallets, and the rise of stablecoins as an alternative payment method. They know exactly that usage is not slowing down — it is accelerating.
It is in this context that everything aligns.
On one side, Binance — the world’s largest crypto platform, with over 300 million users — finds itself blocked in Europe with the refusal of its MiCA license. On the other, the ECB is pushing its digital euro at full speed, a programmable, centralized currency fully controlled by the institution.
This is not a simple coincidence of timing. It is a reaction.
A reaction to a simple reality: decentralized finance is gaining ground. Bitcoin becomes a global store of value. Stablecoins already dominate part of on-chain flows. Platforms like Binance have become critical infrastructures of global finance, outside the traditional banking system.
And facing this, the European response is clear: take back control.
MiCA is not only for “regulating.” It also serves to filter who can access the European financial system. And in practice, actors that are too big, too global, or too independent become potential systemic problems for institutions.
The result is brutal: while crypto adoption explodes among individuals and investors, institutions tighten access, harden rules, and accelerate their own centralized alternatives.
This is exactly where the clash becomes obvious. On one side, an open, global, borderless finance, driven by Bitcoin, cryptos, and platforms like Binance. On the other hand, European institutional finance is progressively closing in around the ECB and the digital euro. And the more crypto adoption continues to rise, the more regulatory pressure increases. What we observe today is not a simple regulatory adjustment. It is a control shift over the very architecture of European finance.
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Ghiles A.
Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.
Data: Morgan Stanley's total Bitcoin holdings exceed 4,700 BTC
PANews June 27 news, according to Arkham monitoring data, Morgan Stanley once again "bought the dip," increasing its holdings by a total of 143.312 BTC through its spot Bitcoin exchange-traded fund MSBT, valued at $8.54 million. As of now, its total Bitcoin holdings have reached 4,784 BTC, worth approximately $293 million.
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Cathie Wood, a well-known figure in the cryptocurrency market, argued that Bitcoin, which has been falling, could rebound.
ARK Invest CEO Cathie Wood said that in an environment of increasing global geopolitical and monetary uncertainty, capital outflows from some countries could create a new bullish dynamic for Bitcoin and other digital assets.
Wood, in his assessment on the X platform, stated that artificial intelligence is currently one of the main elements of technological transformation and is attracting significant market interest. However, according to Wood, the AI sector cannot replace the fundamental role played by digital assets in the global macroeconomic environment.
Cathie Wood stated that digital assets, particularly Bitcoin, occupy a unique position in terms of their function as wealth preservation and “insurance tools.” According to Wood, while the artificial intelligence theme attracts some market liquidity, it does not eliminate the long-term investment value of digital assets.
Wood stated that with the persistence of macroeconomic uncertainties, investors’ need to protect their assets and diversify across borders has increased. He noted that this trend could strengthen demand for digital assets, particularly Bitcoin, over time.
According to the CEO of ARK Invest, under unstable geopolitical and monetary conditions, capital’s shift towards safe, portable, and globally accessible alternative assets could be a significant long-term support factor for the digital asset market.
*This is not investment advice.
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U.S.-listed ETFs have seen inflows exceeding $1 trillion so far this year, with full-year inflows expected to surpass $2 trillion, hitting a new all-time high.
The Kobeissi Letter stated that the U.S. is experiencing an unprecedented ETF boom. Data shows that year-to-date 2026, U.S.-listed ETFs have attracted over $1 trillion in inflows, and at the current pace, they are on track to exceed $2 trillion by year-end, setting a new all-time high. If annual ETF inflows surpass $2 trillion, this will mark the fourth consecutive year of growth in annual ETF inflows, 33% higher than the 2025 record, an increase of roughly $500 billion. Meanwhile, 700 ETFs have launched so far this year, also on pace for an annual record. June alone saw 186 ETFs listed, the highest monthly issuance figure in history. The ETF industry is expanding at a record pace.
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Base releases post-mortem report on network outage: User funds remain safe, root cause is a vulnerability in sequencer block construction logic.
Base engineering team released a post-mortem report on the June 25 block production outage, noting that Base mainnet suffered two separate block production interruptions on June 25 and June 26. The first incident occurred at 11:47 ET on June 25, lasting 116 minutes; the second took place at 11:28 ET on June 26, lasting 20 minutes. Both events shared the same root cause. Chain integrity remained unharmed, and all funds on Base are secure. Block production resumed safely after the team mitigated the issues. The root cause was a bug in the sequencer’s block construction logic: after a transaction validation failure, expired log states were not cleared. An invalid transaction was received by the block builder and failed as expected, but the system incorrectly retained log states including accessed accounts and storage slots. A subsequent valid transaction was processed before the log states could be properly cleared, leading to a gas fee calculation mismatch and a sequencer block containing invalid state transitions. Other nodes rejected this block, causing the entire chain to halt. During the outage, Base could not produce new L2 blocks, sequencer and validator nodes could not advance past the invalid block, and new transactions could not be posted on-chain. The team fixed the interruptions by deploying a patch to the sequencer to ensure proper log state updates during execution. Base stated it will strengthen protocol fuzz testing and load testing tools to more easily identify adversarial transaction patterns that could expose similar vulnerabilities, and will continue to improve operational and monitoring capabilities.
1 hours ago
Ethereum Surpasses $1,600
According to HTX market data, Ethereum has broken through $1,600, posting a 1.6% gain in the past 24 hours.
1 hours ago
Analysis: Retail investors appear to be shifting funds from gold and Bitcoin to semiconductor stocks.
The Kobeissi Letter stated that retail investors appear to be shifting away from gold and Bitcoin toward semiconductor stocks. Data shows that since April, U.S. gold ETFs and Bitcoin ETFs have recorded a combined net outflow of $12 billion; over the same timeframe, U.S. semiconductor ETFs have pulled in a total of $20 billion in inflows. This trend accelerated in mid-May, with outflows from gold and Bitcoin funds surging more than threefold, while inflows into semiconductor ETFs doubled. On the price front, GLD, the largest U.S. gold ETF, has declined 13% since early April, while IBIT, the largest Bitcoin ETF, has fallen 12% over the same period. By contrast, semiconductor ETFs SOXX and SMH have gained 81% and 60% respectively. Retail investors are driving the market in an unprecedented manner.
1 hours ago
Bloomberg: Sell-off in chip stocks drags U.S. stocks to end lower this week, as AI valuation concerns weigh on market performance.
U.S. stocks closed lower this week, weighed down by the ongoing slump in chip stocks, Bloomberg reported. While a University of Michigan survey showed long-term inflation expectations came in below forecasts, easing some concerns about interest rate hikes, that failed to offset selling pressure in chip stocks. Steve Sosnick, chief strategist at Interactive Brokers, noted the S&P 500 briefly turned positive during the session before erasing gains quickly, mirroring multiple failed rebound attempts investors have seen this week. Worries over AI valuations have spread from Asian markets to U.S. trading. Two prominent Chinese hedge funds said AI stocks are in a bubble that could burst. Shares of Japan’s SoftBank Group fell after The New York Times reported OpenAI may delay its IPO until 2027. South Korea’s KOSPI index triggered a trading halt for the second time this week due to a sharp drop in chip stocks, later paring some of those losses. In the U.S., data from Bank of America showed investors pulled capital out of U.S. stocks for the first time in three months, with outflows hitting $8.5 billion. Cameron Dawson, chief investment officer at Newedge Wealth, said a key question is whether the market has the patience to wait for returns on investments from hyperscale cloud providers. Richard Reyle, chief investment officer at Questar Capital Partners, said he will not buy large-cap tech or AI stocks at current levels, as their dominance is weakening; the Magnificent Seven and Bitcoin peaked nine months ago and have yet to recover. Separately, crude oil prices extended declines as tanker traffic through the Strait of Hormuz remained steady. Brian Jacobsen, chief economic strategist at Annex Wealth Management, said the peak in energy prices is behind us, leaving room for headline inflation to cool, though price pressures have not fully vanished.
1 hours ago
SYRUP rose over 31% in 24 hours, currently trading at $0.155.
According to HTX market data, Maple Finance (SYRUP) has surged over 31% in the past 24 hours, currently trading at $0.155.
In brief Billionaire Jeremy Grantham is skeptical about crypto's place in the financial world, calling it "useless" and a "speculative mechanism." Grantham noted Bitcoin's recent fall despite strong economic conditions, highlighting its instability as a store of value. Bitcoin was recently trading more than 50% off its all-time high of $126,080. Billionaire investor Jeremy Grantham won’t be adding crypto to his portfolio any time soon.
Grantham, the co-founder of investment firm GMO, made his position on the asset class well known in an appearance on CNBC’s “Squawk Box” on Friday, where he called crypto a “useless, speculative mechanism.”
“Years and years, decades and decades—it will dwindle away, I suspect,” Grantham said of its future. “Not with a bang, but with a whimper.”
Grantham highlighted Bitcoin’s instability as a store of value, pointing to its recent drawdown—a 52% decline from its all-time high of $126,080 set last October, despite strong economic conditions and gold notching sizable gains during the same timeframe.
The commodity and leading store of value asset rose to a new all-time high above $5,500 per ounce earlier this year, but has since fallen more than 25% to trade at $4,096.
“You can’t depend on it in that way,” he said of Bitcoin. “People don’t use it to make serious trades, they don’t use it to buy their dinner and pay at the supermarket.”
Instead he said it “allows crooks to move money around without leaving a trace,” adding that it’s “brilliant at that.”
Grantham did concede that blockchain rails could play a transformative role in the future, but made clear his comments were about Bitcoin and other cryptocurrencies.
Bitcoin has fallen 17% in the last month of trading, recently trading at $60,529.
Last month, billionaire investor Mark Cuban similarly criticized Bitcoin’s role as a store of value, pointing to its recent underperformance when compared to gold, saying “it is not the hedge I expected it to be.” Cuban added that he has sold most of his BTC as a result.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief Billionaire Jeremy Grantham is skeptical about crypto's place in the financial world, calling it "useless" and a "speculative mechanism." Grantham noted Bitcoin's recent fall despite strong economic conditions, highlighting its instability as a store of value. Bitcoin was recently trading more than 50% off its all-time high of $126,080. Billionaire investor Jeremy Grantham won’t be adding crypto to his portfolio any time soon.
Grantham, the co-founder of investment firm GMO, made his position on the asset class well known in an appearance on CNBC’s “Squawk Box” on Friday, where he called crypto a “useless, speculative mechanism.”
“Years and years, decades and decades—it will dwindle away, I suspect,” Grantham said of its future. “Not with a bang, but with a whimper.”
Grantham highlighted Bitcoin’s instability as a store of value, pointing to its recent drawdown—a 52% decline from its all-time high of $126,080 set last October, despite strong economic conditions and gold notching sizable gains during the same timeframe.
The commodity and leading store of value asset rose to a new all-time high above $5,500 per ounce earlier this year, but has since fallen more than 25% to trade at $4,096.
“You can’t depend on it in that way,” he said of Bitcoin. “People don’t use it to make serious trades, they don’t use it to buy their dinner and pay at the supermarket.”
Instead he said it “allows crooks to move money around without leaving a trace,” adding that it’s “brilliant at that.”
Grantham did concede that blockchain rails could play a transformative role in the future, but made clear his comments were about Bitcoin and other cryptocurrencies.
Bitcoin has fallen 17% in the last month of trading, recently trading at $60,529.
Last month, billionaire investor Mark Cuban similarly criticized Bitcoin’s role as a store of value, pointing to its recent underperformance when compared to gold, saying “it is not the hedge I expected it to be.” Cuban added that he has sold most of his BTC as a result.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Bitcoin is consolidating near $60,326.78 according to the supplied market check.The highlighted setup focuses on Bitcoin trading close to long-term weekly moving-average boundaries.The setup remains market-analysis context. Do not call the 200-week SMA a guaranteed bottom or make definitive price-target claims. https://x.com/alicharts/status/2070783078969037193
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Historical significance of the 200-week moving average as a long-term bitcoin boundary Bitcoin Trades Below 200-Week Moving Average as Historical Accumulation Signal Returns is one of the market setups traders are watching as crypto attempts to stabilize after recent volatility. The signal is useful because it points to a clear market level, flow, or positioning theme that can be checked against live data.
This setup surfaced through the X/social discovery lane, which is used as an idea sensor only. It should not be treated as a source of record on its own. The relevant data still needs to be checked against market charts, derivatives dashboards, or on-chain records before readers draw conclusions.
What the available data shows Bitcoin is consolidating near $60,326.78 according to the supplied market check. The highlighted setup focuses on Bitcoin trading close to long-term weekly moving-average boundaries.
That matters because crypto markets often move around concentrated liquidity zones, wallet flows, exchange positioning, and broader macro pressure before those signals become obvious in price. The strongest version of this setup is one where the highlighted level or flow continues to hold after live validation.
Why traders are watching this setup The setup gives traders a defined framework rather than a vague bullish or bearish view. For Bitcoin, the key question is whether the current signal reflects durable positioning or a short-lived reaction inside a volatile range.
Market structure remains fragile. Bitcoin direction, liquidity conditions, derivatives positioning, and macro volatility can still override otherwise clean technical or on-chain setups. That is why the signal is best understood as a watchpoint, not a prediction.
Risk and invalidation context Do not call the 200-week SMA a guaranteed bottom or make definitive price-target claims. The 200-week moving average has historically been watched by long-term accumulation-focused traders.
If the highlighted level fails, if the wallet flow turns out to be internal custody movement, or if derivatives positioning flips quickly, the interpretation should change. The article should therefore be read as a current market snapshot rather than a guarantee of future price action.
What to verify next The next step is external confirmation. For this setup, the validation path is: Verify the 200-week SMA line and Bitcoin's position relative to it on TradingView. Until that confirmation is reviewed, the setup should remain market-analysis context rather than a confirmed directional forecast.
Traders should also watch liquidity, volume, and daily close structure. Those factors will decide whether this signal becomes a durable theme or another short-lived reaction inside a volatile crypto session.
This report is based on publicly available market and on-chain data.
This article was written by the News Desk and edited by Samuel Rae.
U.S. stocks closed lower this week, weighed down by the ongoing slump in chip stocks, Bloomberg reported. While a University of Michigan survey showed long-term inflation expectations came in below forecasts, easing some concerns about interest rate hikes, that failed to offset selling pressure in chip stocks. Steve Sosnick, chief strategist at Interactive Brokers, noted the S&P 500 briefly turned positive during the session before erasing gains quickly, mirroring multiple failed rebound attempts investors have seen this week. Worries over AI valuations have spread from Asian markets to U.S. trading. Two prominent Chinese hedge funds said AI stocks are in a bubble that could burst. Shares of Japan’s SoftBank Group fell after The New York Times reported OpenAI may delay its IPO until 2027. South Korea’s KOSPI index triggered a trading halt for the second time this week due to a sharp drop in chip stocks, later paring some of those losses. In the U.S., data from Bank of America showed investors pulled capital out of U.S. stocks for the first time in three months, with outflows hitting $8.5 billion. Cameron Dawson, chief investment officer at Newedge Wealth, said a key question is whether the market has the patience to wait for returns on investments from hyperscale cloud providers. Richard Reyle, chief investment officer at Questar Capital Partners, said he will not buy large-cap tech or AI stocks at current levels, as their dominance is weakening; the Magnificent Seven and Bitcoin peaked nine months ago and have yet to recover. Separately, crude oil prices extended declines as tanker traffic through the Strait of Hormuz remained steady. Brian Jacobsen, chief economic strategist at Annex Wealth Management, said the peak in energy prices is behind us, leaving room for headline inflation to cool, though price pressures have not fully vanished.
Relevant content
U.S.-listed ETFs have seen inflows exceeding $1 trillion so far this year, with full-year inflows expected to surpass $2 trillion, hitting a new all-time high.
The Kobeissi Letter stated that the U.S. is experiencing an unprecedented ETF boom. Data shows that year-to-date 2026, U.S.-listed ETFs have attracted over $1 trillion in inflows, and at the current pace, they are on track to exceed $2 trillion by year-end, setting a new all-time high. If annual ETF inflows surpass $2 trillion, this will mark the fourth consecutive year of growth in annual ETF inflows, 33% higher than the 2025 record, an increase of roughly $500 billion. Meanwhile, 700 ETFs have launched so far this year, also on pace for an annual record. June alone saw 186 ETFs listed, the highest monthly issuance figure in history. The ETF industry is expanding at a record pace.
1 hours ago
Base releases post-mortem report on network outage: User funds remain safe, root cause is a vulnerability in sequencer block construction logic.
Base engineering team released a post-mortem report on the June 25 block production outage, noting that Base mainnet suffered two separate block production interruptions on June 25 and June 26. The first incident occurred at 11:47 ET on June 25, lasting 116 minutes; the second took place at 11:28 ET on June 26, lasting 20 minutes. Both events shared the same root cause. Chain integrity remained unharmed, and all funds on Base are secure. Block production resumed safely after the team mitigated the issues. The root cause was a bug in the sequencer’s block construction logic: after a transaction validation failure, expired log states were not cleared. An invalid transaction was received by the block builder and failed as expected, but the system incorrectly retained log states including accessed accounts and storage slots. A subsequent valid transaction was processed before the log states could be properly cleared, leading to a gas fee calculation mismatch and a sequencer block containing invalid state transitions. Other nodes rejected this block, causing the entire chain to halt. During the outage, Base could not produce new L2 blocks, sequencer and validator nodes could not advance past the invalid block, and new transactions could not be posted on-chain. The team fixed the interruptions by deploying a patch to the sequencer to ensure proper log state updates during execution. Base stated it will strengthen protocol fuzz testing and load testing tools to more easily identify adversarial transaction patterns that could expose similar vulnerabilities, and will continue to improve operational and monitoring capabilities.
1 hours ago
Ethereum Surpasses $1,600
According to HTX market data, Ethereum has broken through $1,600, posting a 1.6% gain in the past 24 hours.
1 hours ago
Analysis: Retail investors appear to be shifting funds from gold and Bitcoin to semiconductor stocks.
The Kobeissi Letter stated that retail investors appear to be shifting away from gold and Bitcoin toward semiconductor stocks. Data shows that since April, U.S. gold ETFs and Bitcoin ETFs have recorded a combined net outflow of $12 billion; over the same timeframe, U.S. semiconductor ETFs have pulled in a total of $20 billion in inflows. This trend accelerated in mid-May, with outflows from gold and Bitcoin funds surging more than threefold, while inflows into semiconductor ETFs doubled. On the price front, GLD, the largest U.S. gold ETF, has declined 13% since early April, while IBIT, the largest Bitcoin ETF, has fallen 12% over the same period. By contrast, semiconductor ETFs SOXX and SMH have gained 81% and 60% respectively. Retail investors are driving the market in an unprecedented manner.
1 hours ago
SYRUP rose over 31% in 24 hours, currently trading at $0.155.
According to HTX market data, Maple Finance (SYRUP) has surged over 31% in the past 24 hours, currently trading at $0.155.
1 hours ago
ECB Executive Board Member: Further Interest Rate Hikes Expected
European Central Bank (ECB) Executive Board member Isabel Schnabel warned that even if a U.S.-Iran peace deal reopens the Strait of Hormuz, price pressures could still run higher than expected. Speaking on Saturday, Schnabel said, "There are upside risks to inflation for food, goods and services," adding that energy price shocks could spill over into broader sectors. While she welcomed the recent decline in energy prices amid prospects of a U.S.-Iran peace deal, she cautioned that a ceasefire should not be a reason to lower guard. "Uncertainty remains high, but the announced peace deal reduces the likelihood of negative scenarios," she noted. Even so, oil prices are projected to stay elevated, as the Strait of Hormuz will only reopen gradually. Schnabel, considered the most hawkish member of the ECB Governing Council, reiterated that "the ECB will likely raise interest rates further to bring inflation back to the 2% target over the medium term." She added that consumer inflation expectations have risen, though there are no signs of wage pressures yet. (Jin10)
PANews June 27 news, The Kobeissi Letter published an analysis pointing out that since April, U.S. gold and Bitcoin-related ETFs have seen cumulative net outflows of approximately $12 billion, while semiconductor ETFs recorded net inflows of around $20 billion over the same period, with capital clearly concentrating in tech growth sectors. This trend further accelerated in mid-May: gold and Bitcoin ETF outflows more than tripled, while semiconductor ETF inflows doubled. In terms of market performance, the world’s largest gold ETF GLD has fallen about 13% since early April, and Bitcoin ETF IBIT dropped about 12% during the same period; in contrast, semiconductor ETFs SOXX and SMH rose about 81% and 60%, respectively. The analysis believes the current market is exhibiting a clear "risk appetite shift," with retail funds accelerating out of safe-haven assets and crypto assets into high-growth semiconductor and AI-related sectors, and driving the market in an unprecedented way.
U.S.-listed ETFs have seen inflows exceeding $1 trillion so far this year, with full-year inflows expected to surpass $2 trillion, hitting a new all-time high.
The Kobeissi Letter stated that the U.S. is experiencing an unprecedented ETF boom. Data shows that year-to-date 2026, U.S.-listed ETFs have attracted over $1 trillion in inflows, and at the current pace, they are on track to exceed $2 trillion by year-end, setting a new all-time high. If annual ETF inflows surpass $2 trillion, this will mark the fourth consecutive year of growth in annual ETF inflows, 33% higher than the 2025 record, an increase of roughly $500 billion. Meanwhile, 700 ETFs have launched so far this year, also on pace for an annual record. June alone saw 186 ETFs listed, the highest monthly issuance figure in history. The ETF industry is expanding at a record pace.
1 hours ago
Base releases post-mortem report on network outage: User funds remain safe, root cause is a vulnerability in sequencer block construction logic.
Base engineering team released a post-mortem report on the June 25 block production outage, noting that Base mainnet suffered two separate block production interruptions on June 25 and June 26. The first incident occurred at 11:47 ET on June 25, lasting 116 minutes; the second took place at 11:28 ET on June 26, lasting 20 minutes. Both events shared the same root cause. Chain integrity remained unharmed, and all funds on Base are secure. Block production resumed safely after the team mitigated the issues. The root cause was a bug in the sequencer’s block construction logic: after a transaction validation failure, expired log states were not cleared. An invalid transaction was received by the block builder and failed as expected, but the system incorrectly retained log states including accessed accounts and storage slots. A subsequent valid transaction was processed before the log states could be properly cleared, leading to a gas fee calculation mismatch and a sequencer block containing invalid state transitions. Other nodes rejected this block, causing the entire chain to halt. During the outage, Base could not produce new L2 blocks, sequencer and validator nodes could not advance past the invalid block, and new transactions could not be posted on-chain. The team fixed the interruptions by deploying a patch to the sequencer to ensure proper log state updates during execution. Base stated it will strengthen protocol fuzz testing and load testing tools to more easily identify adversarial transaction patterns that could expose similar vulnerabilities, and will continue to improve operational and monitoring capabilities.
1 hours ago
Ethereum Surpasses $1,600
According to HTX market data, Ethereum has broken through $1,600, posting a 1.6% gain in the past 24 hours.
1 hours ago
Bloomberg: Sell-off in chip stocks drags U.S. stocks to end lower this week, as AI valuation concerns weigh on market performance.
U.S. stocks closed lower this week, weighed down by the ongoing slump in chip stocks, Bloomberg reported. While a University of Michigan survey showed long-term inflation expectations came in below forecasts, easing some concerns about interest rate hikes, that failed to offset selling pressure in chip stocks. Steve Sosnick, chief strategist at Interactive Brokers, noted the S&P 500 briefly turned positive during the session before erasing gains quickly, mirroring multiple failed rebound attempts investors have seen this week. Worries over AI valuations have spread from Asian markets to U.S. trading. Two prominent Chinese hedge funds said AI stocks are in a bubble that could burst. Shares of Japan’s SoftBank Group fell after The New York Times reported OpenAI may delay its IPO until 2027. South Korea’s KOSPI index triggered a trading halt for the second time this week due to a sharp drop in chip stocks, later paring some of those losses. In the U.S., data from Bank of America showed investors pulled capital out of U.S. stocks for the first time in three months, with outflows hitting $8.5 billion. Cameron Dawson, chief investment officer at Newedge Wealth, said a key question is whether the market has the patience to wait for returns on investments from hyperscale cloud providers. Richard Reyle, chief investment officer at Questar Capital Partners, said he will not buy large-cap tech or AI stocks at current levels, as their dominance is weakening; the Magnificent Seven and Bitcoin peaked nine months ago and have yet to recover. Separately, crude oil prices extended declines as tanker traffic through the Strait of Hormuz remained steady. Brian Jacobsen, chief economic strategist at Annex Wealth Management, said the peak in energy prices is behind us, leaving room for headline inflation to cool, though price pressures have not fully vanished.
1 hours ago
SYRUP rose over 31% in 24 hours, currently trading at $0.155.
According to HTX market data, Maple Finance (SYRUP) has surged over 31% in the past 24 hours, currently trading at $0.155.
1 hours ago
ECB Executive Board Member: Further Interest Rate Hikes Expected
European Central Bank (ECB) Executive Board member Isabel Schnabel warned that even if a U.S.-Iran peace deal reopens the Strait of Hormuz, price pressures could still run higher than expected. Speaking on Saturday, Schnabel said, "There are upside risks to inflation for food, goods and services," adding that energy price shocks could spill over into broader sectors. While she welcomed the recent decline in energy prices amid prospects of a U.S.-Iran peace deal, she cautioned that a ceasefire should not be a reason to lower guard. "Uncertainty remains high, but the announced peace deal reduces the likelihood of negative scenarios," she noted. Even so, oil prices are projected to stay elevated, as the Strait of Hormuz will only reopen gradually. Schnabel, considered the most hawkish member of the ECB Governing Council, reiterated that "the ECB will likely raise interest rates further to bring inflation back to the 2% target over the medium term." She added that consumer inflation expectations have risen, though there are no signs of wage pressures yet. (Jin10)
Strategy has an office and business in Hangzhou, currently recruiting for technical positions
PANews, June 27 – According to crypto KOL AB Kuai.Dong’s post on X, Strategy maintains an office in China. The company was founded in 2007, originally doing traditional software outsourcing. Although it later transformed into the world’s largest bitcoin reserve company, this business and office location are still retained in Hangzhou. Current recruitment platforms show the company is still hiring, mainly for technical positions.
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The supplied pack reports $445 million in outflows from U.S. spot Bitcoin ETFs for the June 26 session.Ethereum ETFs were reported as seeing around $13 million in outflows for the same session.The setup remains market-analysis context. Do not state that ETF flows are the sole cause of price weakness. https://x.com/akshoydasss/status/2070751335352578249
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Institutional flow pressure and how etf outflows fit into bitcoin's broader market setup US Spot Bitcoin ETFs See $445 Million in Single-Day Outflows as Institutional Pressure Builds is one of the market setups traders are watching as crypto attempts to stabilize after recent volatility. The signal is useful because it points to a clear market level, flow, or positioning theme that can be checked against live data.
This setup surfaced through the X/social discovery lane, which is used as an idea sensor only. It should not be treated as a source of record on its own. The relevant data still needs to be checked against market charts, derivatives dashboards, or on-chain records before readers draw conclusions.
What the available data shows The supplied pack reports $445 million in outflows from U.S. spot Bitcoin ETFs for the June 26 session. Ethereum ETFs were reported as seeing around $13 million in outflows for the same session.
That matters because crypto markets often move around concentrated liquidity zones, wallet flows, exchange positioning, and broader macro pressure before those signals become obvious in price. The strongest version of this setup is one where the highlighted level or flow continues to hold after live validation.
Why traders are watching this setup The setup gives traders a defined framework rather than a vague bullish or bearish view. For Bitcoin, the key question is whether the current signal reflects durable positioning or a short-lived reaction inside a volatile range.
Market structure remains fragile. Bitcoin direction, liquidity conditions, derivatives positioning, and macro volatility can still override otherwise clean technical or on-chain setups. That is why the signal is best understood as a watchpoint, not a prediction.
Risk and invalidation context Do not state that ETF flows are the sole cause of price weakness. The supplied setup contrasts Bitcoin and Ethereum outflows with positive flows into smaller crypto products such as XRP and SOL.
If the highlighted level fails, if the wallet flow turns out to be internal custody movement, or if derivatives positioning flips quickly, the interpretation should change. The article should therefore be read as a current market snapshot rather than a guarantee of future price action.
What to verify next The next step is external confirmation. For this setup, the validation path is: Verify June 26 ETF flow numbers using Farside Investors or CoinGlass ETF flow pages. Until that confirmation is reviewed, the setup should remain market-analysis context rather than a confirmed directional forecast.
Traders should also watch liquidity, volume, and daily close structure. Those factors will decide whether this signal becomes a durable theme or another short-lived reaction inside a volatile crypto session.
This report is based on publicly available market and on-chain data.
This article was written by the News Desk and edited by Samuel Rae.
PANews, June 27 news, Bitcoin treasury company ProCap Financial Chairman Anthony Pompliano posted on X platform, saying that allegedly Mythos breached the National Security Agency (NSA) classified systems within hours, which will further intensify public concerns about AI risks and push for more regulatory intervention, while the more important signal released is: AGI (Artificial General Intelligence) is actually approaching. Current AI technology not only exceeds human capabilities, but is also self-training and improving at incomprehensible speeds, "humans cannot match these models."
Anthony Pompliano added that each model upgrade brings higher expectations, and people have gradually developed "aesthetic fatigue" towards major technological breakthroughs, which further strengthens confidence in continuous technological progress. Although it is necessary to face the negative impacts brought by AI, this is still one of the most exciting periods in human history, and society may ultimately become the biggest beneficiary. Inflation above 9% has led many to form wrong expectations, and whenever market volatility appears, they predict "high inflation returns." Factors such as tariffs and wars may indeed bring inflationary pressures, but inflation above 9% is at an extremely rare level and is unlikely to recur over the long term in the future.
