Track market-moving stories before they get noisy

Chainlink, VeChain Soar: is Alt Season Here?

BTC eyeing $14K, Ethereum above $350, much of market in the green

Bitcoin slips below $12K as altcoins move upward

Want to steal some Bitcoin? All you need to do is find your victim’s 16-character public key and calculate their private key by solving something called an “elliptic curve discrete logarithm problem.” No sweat! With a regular computer, that’ll take you around 50 million times the amount of time the universe itself has left—around 0.65 billion billion years. 

Ah, but with the right quantum computer, able to process information at speeds exponentially faster than today’s supercomputers? Suddenly, what seems uncrackable becomes child’s play, able to be broken in under 10 minutes. 

The quantum-computing problem is nothing new to crypto, and many experts believe we have at least a decade or more to come up with quantum-resistant cryptography. However, some observers say that recent and unexpectedly fast advances are causing the time horizon to dramatically shrink. The most aggressive estimate says that bitcoin will be hackable by 2027, according to Fact Based Insights.

“We moved the state of the art more in the last two years than it has progressed in the last 15 or 20,” says Stewart Allen, Chief Operating Officer at IonQ, a company that claims to make some of the most powerful quantum computers in the world, in an interview with Decrypt. 

On Thursday, top cryptographers will meet in Santa Barbara at the University of California for the National Institute of Standards and Technology (NIST) Post Quantum Cryptography semi finals. The finalists of the NIST competition will be announced in the months after the conference, though it might take years before the winner is annointed. Cryptographers say the standards that result represent blockchain’s best hope for resisting the rapidly encroaching power of quantum computers.

”If someone cracked your key, they could do anything they wanted,” Rob Campbell, President at Baltimore,Maryland-based Med Cybersecurity, told Decrypt. Anyone with sensitive information on the blockchain—cash, personal data, medical records—is at risk. With that sort of information, quantum hackers could “forge your name, take your assets,” and, if there’s medical data to be found, maliciously “triple your dose,” said Campbell. “It’s an open door.”

Take the Bitcoin blockchain: an unencrypted public key is sent along with every bitcoin transaction, and left unencrypted during the time it takes for the network to confirm the block, around ten minutes. That’s theoretically more than enough time for a quantum-equipped hacker to calculate a private key from the public key and replace the recipient’s address with his own. 

Que Quantum?   

Transistors in conventional computers capture data in terms of 1s and 0s. Is the sky blue today? If it is, 1. If not, 0. Computing is essentially combinations of these calculations: have enough transistors, you can compute almost anything. 

With quantum computers, it’s possible for the same input, called a qubit, to represent both 0 and 1 at the same time, a non-binary state known as “quantum superposition”—think Schrödinger's dead-and-alive cat. This makes quantum computers exponentially more powerful; one lone, superpositioned qubit can handle the processing load of at least two full-sized transistors on a regular computer. 

Using modified versions of “Shor’s algorithm,” a quantum algorithm that rapidly turns large numbers into prime factors, hackers could reverse the process that makes private keys so difficult to crack.

But at the moment, the best quantum computer is probably Google's Bristlecone quantum computer, which has 72 qubits. Miruna Rosca, a PhD student in post-quantum cryptography, tells Decrypt you’d probably need around 4000 qubits to break current cryptographic algorithms. 

So how long do we have? 

IonQ’s Allan, who creates quantum computers for a living, speculates it’ll take about a decade for post-quantum cryptography to become an issue. By then, he reckons, someone will probably have developed a quantum-resistant blockchain. Danny Ryan, a core researcher at Ethereum, thinks the same: “This isn't really a meaningful problem in the next 10 years and likely not for 20 to 30. That said, we tend to be bad at estimating things like this so we should be ready to transition sooner rather than later.” 

But others say the problem requires immediate attention, and that—beyond the threat to Bitcoin—quantum computing could pose a major cybersecurity threat. Med Cybersecurity’s Rob Campbell says that a government armed with quantum decryption software could read all the world’s secrets. 

A U.S. Navy signal officer by training, Campbell’s time in the classified research and development world has taught him that secret government technologies often outpace commercially available technology. “We were decades ahead of the commercial world,” he said. “We didn’t want any potential adversaries to know what our capabilities are.” 

Even if Campbell’s claims seem ambitious, he points out that if an enemy security agency scrape all of your encrypted data today—which they certainly could—they’ll be able to decrypt all that data once they’ve built a powerful enough quantum computer. That’s enough to make developing quantum-resistant cryptographic techniques an issue of national security. 

In any case, the arms race for quantum supremacy is well underway: China just spent $10 billion on a research center for quantum computers, and the U.S. has pumped hundreds of millions of dollars into the field.

Quantum-resistant techniques

Quantum computing can be just as effective for cryptographers as it is for hackers. Unobserved, superpositioned particles exist in multiple states, but when detected, they “collapse” to one point in space-time. Quantum cryptography has the same properties; because the protons that make up an encoded transaction shift upon observation, a successful attacker would have to break the laws of physics to intercept it. 

This makes information encoded at the quantum level resistant to, among other things, so-called “man in the middle attacks,” where attackers intercept the transmission itself without having to decrypt the key. 

A few blockchains claim to apply quantum-resistant techniques to ensure signatures and hashes remain encrypted, including QRL, IOTA, HyperCash, and Starkware. But with quantum computing still in its formative years, it’s difficult to determine the strength of these claims. 

Until a quantum-resistant algorithm is tested and accepted by the wider academic community, there’s no assurance that any of these blockchains will be resilient enough against quantum computers. Scientists like Campbell are waiting on the results of next week’s NIST competition at UCAL-Santa Barbara; the final winners might not be announced for a few years, however. NIST tentatively expects drafts for standardisation will be completed around 2022.

“These winners are considered to be the best candidates on Earth and will likely go on to be standard cryptography and will be used by most of the planet,” says Campbell.

But developing the algorithm might not be the difficult part for large blockchains like Ethereum or Bitcoin. Whereas owners of centralized protocols can update the system as they please, blockchains, democratic by nature, require broad consensus among many thousands of miners to pass an upgrade. 

In the case of an upgrade, all wallets that aren’t quantum-resistant become vulnerable to attack. That includes the 1 million bitcoins mined by Bitcoin’s pseudonymous inventor, Satoshi Nakamoto—if those aren’t migrated to a new, quantum-resistant wallet, they’re treasure for the first person with a powerful enough quantum computer.

“If high powered quantum computers appeared tomorrow,” said Ethereum’s Ryan, “we'd have many more problems than just the security of our blockchains.”

A 2019 National Academy of Sciences report concludes that, even if quantum computing is about a decade off, prioritising research is necessary to minimize “the chance of a potential security and privacy disaster.” Best get cracking, then.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Posted: January 19, 2020

It is a common narrative in the digital asset industry that most of the time, Bitcoin is responsible for driving the market on a bullish surge. This is largely due to the fact that presently, Bitcoin dominates the crypto-market cap, with a dominance index of 66.3%, at press time.

However, over the past week, the tables may have turned a little in favor of the altcoins, with these crypto-assets outperforming the world’s largest cryptocurrency in some aspects.

According to Arcane Research, Bitcoin’s market-cap-weighted index has lagged behind mid-caps and small-caps, since the start of the year.

Source: Arcane Research

It can be observed that the Mid-cap crypto-index has led the way since 1 January, recording a collective growth of 47.19 percent. According to Weiss Mid-Cap Crypto Index, the registered growth is above 50 percent, at press time.

Weiss Crypto ratings for the Small-Cap Crypto-Index have been incurring a positive rise as well with a return of over 35% in 2020. The likes of Komodo, Sia, HyperCash, and Bitshares have earned a major bullish advantage over the bullish period.

For Mid-Cap altcoins, Dash has been a significant performer with a registered hike of over 100 percent. In fact, the growth briefly allowed Dash to break into the top 10 of the world’s top crypto-assets, before the altcoin failed to consolidate higher. Dash has registered a significant drop since, and it is down to 16th on the cryptocurrency rankings charts.

Bitcoin, however, has lagged behind all the indexes in 2020 as it registered a spike of only 21 percent in 2020. Moreover, it was also reported that BTC lost over 3 percent of its total market share over the past week, dropping down to 66% from 69% in terms of market dominance.

Arthur Hayes has turned sharply defensive on risk assets, warning that an AI stock-market unwind could spill into crypto before Bitcoin eventually benefits from the liquidity response that follows. In his June 9 essay “Reality Test,” the BitMEX co-founder said Maelstrom has cut several crypto positions while keeping Bitcoin and Ether as core holdings.

Hayes’ argument starts outside crypto, with oil. He frames the US-Iran conflict and reduced Strait of Hormuz traffic as the central macro variable for markets, arguing that higher hydrocarbon prices could feed inflation, constrain US political options and pressure the AI trade that has dominated capital allocation since late 2022.

“We start with oil and end with an election in Pax Americana,” Hayes wrote. “This story arc could produce a situation whereby the AI stock bubble pops and takes the entire crypto complex down with it. When the dust settles, then and only then, can Bitcoin rise from the ashes.”

Hayes Turns Bearish On Crypto And Risk Assets The core of Hayes’ thesis is that AI has absorbed the dollar liquidity that, in previous cycles, might have flowed more directly into Bitcoin and crypto. He notes that Bitcoin rose from around $15,000 after the FTX collapse to roughly $125,000 by October 2025, but says AI equities still outperformed, led by Nvidia’s 11x move over the same period. Since Bitcoin’s all-time high, he says BTC is down 50%, while Nvidia has still risen about 10%.

Hayes argues this divergence reflects where new fiat liquidity actually went. By his estimate, AI-related companies issued roughly $1.5 trillion of debt since November 2022, matching the $1.5 trillion increase in M2 over the same period. He adds that $1.3 trillion of that AI debt issuance occurred from 2025 onward, just as Bitcoin’s rally stalled.

“AI sucked up all created dollars,” Hayes wrote. “Bitcoin never had a chance.”

That is why, in his view, an AI correction would not immediately be bullish for crypto. Hayes expects a sharp drawdown in AI stocks to damage bank lending, tighten credit and destroy speculative capital before policymakers respond with fresh liquidity.

“Bitcoin cannot rally in the short term if the entire world takes serious losses from the deflation of the AI bubble globally. Eventually, it will bottom, then rise as Bitcoin forecasts an increase in liquidity to put Humpty Dumpty back together again. But right now, it’s about protecting one’s crypto capital.”

Hayes identifies three potential catalysts for the AI bubble to break: higher energy costs, supply pressure from major AI-linked IPOs, and anti-AI rhetoric from Donald Trump as election politics intensify. He argues that rising oil and natural gas prices directly raise the cost of producing AI tokens, compressing margins for model companies such as Google, Anthropic and OpenAI. If usage growth slows and earnings assumptions weaken, he says the market could begin questioning future data-center capex.

The IPO calendar is another pressure point. Hayes says SpaceX, Anthropic and OpenAI could test the market’s ability to absorb enormous supply at elevated valuations. He focuses in particular on SpaceX, writing that its S-1 implies investors would pay roughly 100x sales, with only 4% to 5% of shares floated initially. He says SpaceX would immediately become a $1.8 trillion company, ranking seventh globally by market cap, while its float could increase fivefold by early September.

Hayes also sees the Federal Reserve as unlikely to rescue risk assets immediately. He says the two-year Treasury yield trading more than 0.5 percentage points above the effective fed funds rate implies the market is pricing pressure for tighter policy, not cuts, ahead of the June 16-17 meeting. A “hawkish hold,” in his view, would add another headwind to AI equities and crypto.

The portfolio response has already started. Hayes said Maelstrom has moved long US-listed energy producers and exited several non-core crypto positions. “I dumped HYPE, NEAR, and WLD last week,” he wrote. “I also dumped ZEC because of the Orchard Pool bug. I wish I didn’t have to do that, but capital preservation is more important than capital appreciation.”

Bitcoin and Ether remain. Hayes described Ether as “dead but functional,” saying he has no immediate reason to liquidate it. For Bitcoin, his base case is more volatile: a near-term drawdown if the AI bubble bursts, followed by a stronger rebound once the financial system requires another major liquidity injection.

At press time, BTC traded at $62,638.

Bitcoin bulls must reclaim the 200-week EMA, 1-week chart | Source: BTCUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com

Arthur Hayes has shared one of his most bullish crypto outlooks yet across two recent interviews, one with Michaël van de Poppe, New Era Finance podcast and another with Bankless. 

The former BitMEX CEO tackled a question many crypto investors have been asking. Why hasn’t Bitcoin made a major move despite growing institutional adoption and favorable long-term fundamentals? 

“Bitcoin hasn’t performed because AI took all the money. There’s no cash left to chase crypto.”Hayes says one of the main reasons Bitcoin and the broader crypto market have struggled is that investors have been pouring capital into AI-related opportunities.

In his view, AI has become the dominant investment theme over the past few years, attracting money that might otherwise have flowed into crypto. As a result, Bitcoin has been left competing for attention while AI stocks, infrastructure projects, and data-center investments soaked up liquidity.

“The implosion of the AI bubble is going to dwarf subprime.”One of Hayes’ strongest statements was his warning that the AI boom could eventually turn into a massive bubble.

He argues that huge amounts of capital have been allocated to AI over the last six to seven years, and at some point investors may realize many of these projects are not generating returns that justify the money being spent. If that happens, the fallout could be larger than the 2008 subprime mortgage crisis.

“The first response is going to be: we just need to shovel fiat money in.”Hayes believes that if an AI-driven financial shock hits the system, governments and central banks will respond the same way they have during previous crises, by injecting fresh liquidity into the economy.

According to him, financial authorities will likely print more money to stabilize banks and markets. That wave of liquidity is what he has been waiting for, calling it the “big print” trade.

“That capital goes straight to crypto.”Once investors lose confidence in AI investments, Hayes expects fresh capital to look for a new home.

His thesis is that crypto could become one of the biggest beneficiaries of that shift, especially if investors view digital assets as a better opportunity than struggling AI projects.

“Bitcoin a million.”The end result of this chain reaction, according to Hayes, is a dramatically higher Bitcoin price.

While the timeline remains uncertain, he says an AI bubble collapse followed by aggressive money printing could ultimately push Bitcoin toward the $1 million mark, making it one of the most bullish long-term predictions currently on Wall Street and in crypto.

Story Ends Here

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Read the Next News

Arthur Hayes Sees $40,000 Bitcoin Bottom Within the Next Six Months

PANews reported on May 9th that, according to CriptoNoticias, Spanish coffee chain Vanadi is caught in a "death spiral" a year after venturing into Bitcoin. The company transitioned to a Bitcoin treasury model in 2025 and currently holds 213 BTC, but suffered a loss of $7.8 million in 2025. To maintain operations, Vanadi has issued a large number of convertible bonds, converting them into shares at a 5% discount to the market price, causing its share price to plummet 74% this year and resulting in the issuance of 98.1 million new shares, severely diluting investors.

The company faces an emergency payment shortfall of €1.4 million and will need €65 million in financing in the coming months. Although it claims to hold 213 BTC, 61% (130.18 BTC) are locked up as collateral on the Spanish exchange Bit2Me, meaning the company has no control over them. Analysts believe that the viability of the institutional treasury model is questionable when there is no cash flow to support the debt.

President Donald Trump said the United States will strike Iran “VERY HARD TONIGHT” and later seize Kharg Island, the terminal behind roughly 90% of the country’s crude oil exports.

Oil prices climbed back above $91 within minutes of the Truth Social post, while Bitcoin quickly fell below the $63,000 threshold. Meanwhile, energy traders priced a higher geopolitical risk premium across the board.

Bitcoin and Oil Prices. Source: TradingViewTrump Targets Kharg Island, Iran’s Oil LifelineTrump published the threat on Thursday, days after US forces resumed strikes on Iran. Tehran says those attacks rendered its ceasefire with Washington meaningless and has launched retaliatory strikes on US bases in the region.

“The United States will be hitting Iran… VERY HARD TONIGHT. At some point in the not too distant future, we will be taking Kharg Island, and other oil infrastructure points, and assume total control of their Oil and Gas Markets, much like we have with Venezuela…” Trump wrote in the post.

The Venezuela comparison points to a live template. Washington has controlled Venezuelan crude sales since US forces seized Nicolas Maduro in January.

The Council on Foreign Relations reports almost 100 million barrels, worth about $8 billion, moved through US-run accounts in four months.

Kharg is a far bigger prize. The terminal loads the supertankers that carry roughly 90% of Iranian crude exports, per CFR, making it the economy’s single most exposed asset.

Iran has answered with pressure of its own. Its Persian Gulf Strait Authority declared the Strait of Hormuz closed until further notice, while US Central Command says commercial vessels continue to transit.

JPMorgan estimates visible tanker traffic has already fallen to about 15% of pre-war levels.

History also cautions against expecting a clean shutoff. Iraq bombed Kharg repeatedly during the 1980s Tanker War, yet Iran rerouted exports through Lavan and Sirri islands and kept shipping over 1.5 million barrels per day.

Bitcoin Holds Near $63,000 as Oil Snaps BackUS crude spot prices spent most of Thursday sliding toward $90 before jumping to $91.75 after the post. In contrast, BTC dipped to about $62,680 before recovering to $62,841, up 0.25% on the day, according to BeInCrypto Markets data.

The surge in volatility mirrors Trump’s earlier ceasefire announcement, when risk assets like Bitcoin and stocks as well as commodities such as oil repriced sharply.

However, analysts have cautioned that a sustained oil shock could still feed liquidity pressure on crypto through higher inflation and tighter risk appetite.

Tehran, for its part, keeps pushing conflict finance onto crypto rails, including a proposed Bitcoin toll on tankers transiting Hormuz.

Tonight’s threatened strikes materializing may determine if oil’s new risk premium hardens or fades by the weekend.

Upbit Listing Announcement Triggers Price Swings Across 9 Altcoins

Top Crypto Movements of 2019 Unveiled

     The world of cryptocurrencies is gathering pace at a rapid fervour. People are buying into blockchain technology, and understand its potential applications in several sectors of business. It is quite amusing to think that experts once touted blockchain technology to not last the tryst of times. 

     That being said, the volatility of cryptocurrencies has attracted many investors. Savvy investors are always on the lookout for projects with good potential, and ways and means to reap quick profits off cryptocurrency selections. Are the top 5 cryptocurrencies worth investing in, in 2020? Should you focus on other cryptocurrencies? Read on to find out, and learn much more!

Cryptocurrencies You Must Focus On In 2020 Bitcoin      A rather uninspiring choice, but among the best, Bitcoin may just have a wonderful 2020. Bitcoin was priced at $3798.62 on the 4th of January 2019, and ended the year at $7,177.36, on the 31st of December. Bitcoin has had a strong start to 2020, and with Bitcoin Halving looming around the corner, Bitcoin may experience an exponential rise in its valuation. 

     The first two (last two) incidents of Bitcoin Halving saw the price of Bitcoin rise exponentially, over a period 12 months, and 18 months respectively. This time around, Bitcoin may rise in its price over a longer period of time, or not at all. Some experts have touted Bitcoin’s price to rise up to $100,000 by the end of 2020, while others have predicted Bitcoin to fall to $4,000. 

     Bitcoin Trader review 2020 in accordance with Bitcoin’s strong start to the year, and the Bitcoin Halving procedure in due course of 2020 expects that Bitcoin might be the perfect cryptocurrency to invest in, in 2020, and for the long term.

Binance Coin      Binance Coin started 2019 at $6.06, on the 3rd of January, 2019, and ended the year at $13.71, on the 31st of December. Much like Bitcoin, Binance Coin too, experienced great growth over the course of 2019, and has started 2020 well. Binance Coin is growing from strength to strength, and according to some experts, may hit the $25 mark, by the end of the year. 

     Going into 2020, you must keep an eye out for Binance’s projects and plans for the year, as it may affect the price of Binance Coin. That being said, Binance Coin is a wonderful option for you, in 2020.

Seele      Seele had a rollercoaster end to the year, rising in its evaluation from $0.0866 on the 12th of November, 2019, to $0.17, on the 24th of November. Seele has been in the $0.1-0.15 range ever since, and is a good bet, going into 2020. 

     Since Seele is not among the top performing cryptocurrencies in the world, you must conduct due research, and determine whether its underlying project is likely to experience a surge in growth and interest, in the long term. In the short term, Seele could be a good investment medium. 

Ethereum Meta      Barely known to investors until the end of 2019, Ethereum Meta experienced an enormous surge in price, from $0.000005 on the 30th of November, to $0.000101 on the 25th of December. Going into 2020, its craze may still be on the high, and the token is worth looking into. 

     That being said, as is the case with Seele, you must perform your due diligence, and look into Ethereum Meta’s underlying project to determine whether it is a good fit for your investment portfolio, or not. In the short term, Ethereum Meta could be an excellent investment option.  

Conclusion on what cryptocurrencies to focus in 2020     The above mentioned cryptocurrencies are worth looking into, come 2020. While Bitcoin and Binance Coin are known to a larger audience, Ethereum Meta and Seele are still relative unknowns, and you must ensure that you conduct due research, before investing in them, or any cryptocurrency for that matter - Never jump into a sea whose depth is unknown to you.

     Bitcoin may have a wonderful 2020, and you must keep up to date with the latest news surrounding the cryptocurrency. While the exact date of Bitcoin Halving is unknown as of now, Bitcoin may experience a surge, or dip in its price in 2020, and it is an asset worth investing in, keeping the long term in mind.

Synthetix makes $27M bid to re-acquire crypto options platform Derive

Amid the ongoing downturn, recent analysis shows that every major Bitcoin bear market has ultimately found a bottom following a black swan event.

For context, black swan events cause sudden, largely unexpected crises that trigger sharp panic selling across the market, including Bitcoin. However, once the initial turmoil subsides, markets have historically transitioned into recovery phases.

Major Crises Have Historically Marked Bitcoin’s Cycle Bottoms Over the years, the crypto market has endured several black swans. Notably, the collapse of the Mt. Gox exchange in 2014, the COVID-19 market crash in 2020, and the implosion of FTX in 2022 all coincided with major Bitcoin cycle lows. Although Bitcoin initially reacted negatively to each event, it later staged powerful recoveries. 

Bitcoin Black Swan Events Mt. Gox Collapse Marked Bitcoin’s First Major Capitulation The hack and subsequent collapse of Mt. Gox, then the world’s largest Bitcoin exchange, represented one of the industry’s earliest black swan events. Hackers stole approximately 850,000 BTC from the platform, forcing it into bankruptcy in 2014.

The incident appeared to mark the final capitulation phase of Bitcoin’s early bear market. Following the collapse, Bitcoin eventually surged more than 12,804%, climbing to roughly $24,500 during the subsequent bull cycle.

COVID-19 Crash Triggered a Historic Recovery Similarly, the COVID-19 pandemic sparked a sharp selloff across global financial markets in March 2020, and Bitcoin was no exception. The leading cryptocurrency plunged to around $3,800 as investors rushed to de-risk their portfolios.

However, the panic was short-lived. As liquidity returned to markets, Bitcoin began a historic rally, soaring more than 1,692% to reach nearly $69,000 by late 2021.

FTX Implosion Marked the 2022 Cycle Bottom Another defining black swan event emerged in late 2022 when cryptocurrency exchange FTX collapsed. The failure sent shockwaves throughout the digital asset industry, driving Bitcoin down to approximately $15,500 amid widespread fear and uncertainty.

Yet that low marked the bottom of the cycle. From there, Bitcoin recovered more than 715%, eventually surpassing $126,000 in 2025.

Investors Search for the Next Market Catalyst With Bitcoin once again trading in bearish territory, investors are asking whether another black swan event could be required to mark the next major bottom and ignite a new expansion phase.

The asset has already retreated significantly from its recent highs, and market observers view the current period as a potential inflection point. As a result, the next major macroeconomic or industry-specific catalyst could determine whether Bitcoin enters another sustained rally or remains locked in an extended consolidation phase.

Recent Selloffs Have Yet to Produce a Definitive Bottom Since reaching its all-time high in October 2025, Bitcoin has faced several sharp corrections that some investors initially viewed as potential black swan events. These include the October 10 market crash, the geopolitically driven sell-off in February, and the dip this month caused by the Strategy 32 BTC sale.

However, unlike previous cycle-defining crises, none of these events has been followed by the explosive recovery pattern seen after Mt. Gox, COVID-19, or FTX.

At press time, Bitcoin was trading at $64,097, up 0.3% over the past 24 hours. Despite the daily gain, the cryptocurrency remained down 2.3% over the previous week and 14% over the past month, highlighting the continued uncertainty surrounding the market’s next major move.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Gold ETFs are back in focus as bullion holds firm near key levels. Gold price hovered above $4,190 per ounce on Monday, with buyers pushing the metal close to the $4,200 zone. The shift was indicative of a new demand with traders responding to heightened intraday movement.

The crypto market rose 1.63% to $2.23 trillion in 24 hours. Bitcoin price was trading over 65,000, and Ethereum hovered at $1753.

US-Iran war risks keep Gold ETFs in focus as investors seek safety from geopolitical tensions and possible oil price shocks.

The focus on the U.S. CLARITY Act, which is aimed at signing by July 4, 2026, also kept the markets watchful. 

🇺🇸 ONLY 9 DAYS LEFT FOR CLARITY ACT JULY 4TH DEADLINE

Bipartisan negotiators are set to meet for a final round of talks on the CLARITY Act before Congress goes into its August recess.

They are working on:
• SEC vs CFTC jurisdiction
• Token classification rules
• Stablecoin… pic.twitter.com/btvUSUgiPp

— CryptoGoos (@cryptogoos) June 21, 2026

The bill would help define crypto stocks and the market more strictly and diminish regulatory uncertainty. That has the potential to open additional institutional capital in the world of digital assets and associated markets.

Gold ETFs and Gold Price Outlook Before the Next Rally Gold ETFs have seen a sharp correction recently. Within the last month, some funds dropped by over 7% on the basis of evolving rate expectations by the investors. 

Nevertheless, the price of Gold ETFs is still up by an average of 47% in the last year, indicating good long-term demand.

GOLD price The technical structure of gold is still favorable as long as the prices are above $4,185. The short-term resistance is around $4,200 and $4,250. 

An explicit separation above $4,250 might lead to the exit towards $4,300. Should the momentum continue to increase, GOLD could eventually hit $4,500.

On the negative side, support is close at $4,190. A break below that level could expose $4,180, followed by $4,170 and $4,150.

SPDR Gold Shares (GLD) The SPDR Gold Shares is one of the most monitored Gold ETFs within the market. GLD providing investors exposure to physical gold but without storage. It is also highly liquid, so it is popular among institutions and active traders.

SPDR Gold Shares (GLD) is the largest gold-backed ETF, offering exposure to bullion without physical storage. GLD is currently trading close to $385.74 and the intraday volume of the stock is approximately 1.4 million shares. The fund has about $141.67 billion in assets and charges a 0.40% expense ratio.

iShares Gold Trust (IAU) iShares Gold Trust is another major gold-backed fund. Similar to GLD, IAU tracks the gold itself, but it tends to attract cost-conscious investors. Its cost of less can render it interesting as a long-term exposure to gold.

IAU iShares Gold Trust (IAU) ETF is a cheap investment in physical gold. Recently, IAU had a net asset of about $66.5 billion, and its closing price was around $81.38 and traded more than $6.5 million shares a day. Its long-term exposure to gold is cheaper with an expense ratio of 0.25% than GLD.

SpaceX Bull 2X ETF The SpaceX Bull 2X ETF is different from traditional Gold ETFs. It is not a tracker of bullion or gold. Instead, it focuses on leveraged exposure to SpaceX shares and seeks to move twice the daily of SpaceX shares before fees.

SpaceX Bull 2X ETF (LOFF) is a leveraged ETF constructed to appeal to short-term traders interested in the increased exposure to SpaceX. 

The fund targets 200% of SpaceX’s daily move, not long-term returns. Recently, LOFF has been trading around 26.63 and its volume is approximately 720,437. It has a net expense ratio of approximately 0.95%.

Crypto Bloodbath? Not for DEXE, Altcoin Explodes 70% as Shorts Get Crushed

Bitcoin (CRYPTO: BTC) may be positioned for a catch-up rally if the Federal Reserve refrains from raising interest rates, according to Bitwise Chief Investment Officer Matt Hougan.

Since the start of the Iran conflict in late February, U.S. equities have gained roughly 9%, while Bitcoin has slipped 1% and gold has fallen 20%.

In a "The Stack" post on June 22, Grayscale Head of Research Zach Pandl noted that the divergence comes as investors increasingly price in the possibility of tighter monetary policy amid inflation concerns.

One-year Fed rate expectations have risen about 60 basis points, while roughly half of Federal Reserve officials believe rate hikes could be appropriate in 2026, Hougan noted.

The European Central Bank has already moved to raise rates.

Because Bitcoin and gold do not generate yield, higher interest rates increase the opportunity cost of holding those assets relative to cash and bonds, weighing on demand.

Over the past month, Bitcoin’s price has fallen roughly 19%, extending its three-month decline to about 13%.

Why Bitcoin Could BenefitHougan argued that markets may be overestimating the likelihood of future rate hikes.

"Our base case is for the Fed to hold off on rate hikes,” he said. “If we’re right, Bitcoin’s price may catch up with stocks."

While AI-related spending has fueled gains in equities, Bitcoin and gold have lagged partly due to fears that central banks will need to tighten policy further to combat inflation.

If those concerns ease, capital could rotate back into alternative assets such as Bitcoin.

Bitcoin’s Dual RoleUnlike gold, Hougan views Bitcoin as serving two functions within portfolios.

He described Bitcoin as both a scarce digital commodity that acts as a long-term store of value and a public blockchain network that provides exposure to growth in the broader crypto economy.

That combination gives Bitcoin characteristics of both gold and growth equities, potentially making it an attractive portfolio diversifier.

“Bitcoin can act as a portfolio diversifier that, at current levels, appears attractively priced,” Hougan said.

Image: Shutterstock

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Ripple USD Gets Featured in Japan's Two-Tier Stablecoin System: Licensed exchange SBI VC Trade launched Ripple's RLUSD stablecoin for retail users with strict limits, operating alongside JPYSC, an unlimited yen stablecoin engineered for B2B corporate clearing.Bitcoin Split Over Freezing Satoshi's Coins: Investor Fred Krueger backed the BIP-110 proposal to block inactive crypto wallets to prevent quantum computing risks, drawing fierce pushback from Blockstream CEO Adam Back, who denounced it as a technically defective path to a failed network fork.Shiba Inu (SHIB) Set for July Rally: Following a 17.5% decline in June, SHIB is tightly compressed at a rock-solid five-year support floor of $0.00000450, positioning the asset for a historically backed July seasonal reversal (median +8.92%).Crypto Market Outlook: Bitcoin faces severe base-layer congestion from the Runes protocol and massive institutional ETF outflows ($4.4 billion in 30 days), dragging the BTC price to local support ahead of a major macro liquidity test this Friday.Ripple's dollar and SBI's unlimited yen: Japan launches a two-tier stablecoin systemJapan's financial sector has recorded a double precedent in digital assets after licensed exchange SBI VC Trade, a subsidiary of giant SBI Holdings, officially launched trading in Ripple's RLUSD dollar stablecoin. The asset has gone down in history as the first registered "Electronic Payment Instrument No. 4" in Japan.

The entry of the U.S. stablecoin into the Japanese market comes with strict regulatory frameworks from the Financial Services Agency (FSA). At launch, trading is taking place with zero fees, but strict limits apply to retail investors: the maximum size of a single transaction is capped at the equivalent of 1 million yen, and transfers are available exclusively on the Ethereum network.

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To protect local traders, the exchange has introduced automatic refund mechanisms for excess amounts when daily limits are exceeded and has committed to fully freezing token deposits in the event of a strong deviation from the U.S. dollar.

SBI VC Trade regarding historic Ripple USD (RLUSD) listing, Source: X.comAt the same time as Ripple's retail debut, SBI Holdings Group has rolled out infrastructure for large capital by issuing JPYSC, the first yen stablecoin classified as an "Electronic Payment Instrument No. 3." The product, developed jointly with Singapore's Startale Group, uses a trust bank structure to manage reserves.

Unlike RLUSD, JPYSC was created for the B2B sector and has no transaction limits, opening the possibility of multibillion-yen interbank settlements and commercial clearing inside the country.

As of today, a two-tier system of digital settlements has de facto started operating in Japan. While retail users are getting familiar with the dollar-based RLUSD under strict limits, the corporate sector has received unlimited yen in the form of JPYSC to optimize large commercial flows.

Fred Krueger calls for freezing Nakamoto's coins to save BitcoinAs of June 2026, a fierce ideological dispute has continued in the Bitcoin community. The latest escalation came after well-known investor Fred Krueger publicly supported the technical proposal BIP-110 and the accompanying initiative to forcibly block old, inactive crypto wallets. The main target of this measure would be around 1 million BTC that have remained untouched at the addresses of the network's creator, Satoshi Nakamoto.

Supporters of BIP-110, now joined by Krueger, propose giving owners of "dormant" addresses a fixed period to move their coins, after which inactive wallets would be blocked. The stated motive is security: early Bitcoin addresses use older algorithms that could become vulnerable to quantum computers in the future.

The initiative has met strong resistance from key developers, while Blockstream CEO and cypherpunk legend Adam Back continues to call the idea technically defective, stressing that the project has no support either among miners or in the broader ecosystem.

i guess you've been living under a rock. but FYI it's stupid, so technically defective as to be an IQ test. there's neither technical nor ecosystem consensus. they have flag day so it'll just fork off and fail. https://t.co/uEzRLYVCGD

— Adam Back (@adam3us) June 24, 2026 According to Back, any attempt by activists to implement these rules would only lead to a blockchain split and the creation of a stillborn fork — a copy of the network that would immediately lose value.

The main intrigue of the conflict is the blow to Bitcoin's fundamental value: its resistance to censorship. If the community creates a precedent and blocks Satoshi's coins in the name of security, it would destroy the main economic argument about the inviolability of property in a decentralized network.

If the code allows assets to be taken away from the creator, then in the future they could be frozen for any user at the request of regulators.

Price chart and seasonality point to a July rally for SHIBShiba Inu (SHIB) is approaching the end of the first month of summer 2026 on the verge of a historic turning point. After an exhausting six-month decline, the coin is trapped in an extremely narrow price range near five-year lows, around $0.0000045.

This month, the Shiba Inu token has lost another 17.5% of its value, but technical calm on the chart and historical statistics by CryptoRank hint at preparation for a July reversal. 

On one hand, large sales are pressing the price down. On-chain data recorded how one early investor moved 3.8 trillion tokens worth around $20.7 million to exchanges, while the community's coin burn rate dropped by 74%.

On the other hand, the current level is a rock-solid support zone below which no real market for SHIB has existed over the past five years. The volume profile shows that this is exactly where the strongest interest from long-term buyers is now concentrated.

Depending on which force prevails, the market is considering two potential outcomes for the token's price action in the near term:

Bull Case: Buyers successfully hold the defense at $0.00000450, driving a 50% rebound toward the nearest resistance at $0.00000680.Bear Case: The critical $0.00000450 support fails, causing the asset to capitulate into the uncharted territory of early 2021.Shiba Inu (SHIB) monthly returns in USD, Source: CryptoRankThe main trigger for a possible jump is the seasonal factor. Historically, June has always been a disastrous month for SHIB, with an average decline of 14.8%, while July has traditionally acted as a lifeline, with median returns of +8.92%. The market is pricing this scenario as a chance for a "relief rally" after a difficult spring.

From a technical point of view, the ultimate resolution of these scenarios will come in the next few days. The market remains highly compressed, meaning the breakout from the current wedge will likely set the definitive trend for the rest of the summer.

Crypto market outlook: ETF outflows push Bitcoin to critical supportThe crypto market, led by Bitcoin, continues to go through deep capitulation due to sustained institutional capital flight, extreme network congestion, and rising regulatory roadblocks across the U.S. and the European Union.

Key checkpoints:

Record institutional ETF drainage: Regulated crypto vehicles recorded their fourth consecutive day of net outflows. Yesterday alone, spot Bitcoin ETFs shed $113.78 million, and Ethereum ETFs lost $82.35 million, with 30-day rolling Bitcoin ETF outflows hitting a record $4.4 billion — the worst capitulation period since inception.Bitcoin network hits a two-year traffic high: On-chain activity has surged to more than 820,000 transactions per day, driven entirely by a massive revival of the Runes protocol. This surge in token standard activity now consumes 25% of all network transaction fees, severely congesting the base layer as BTC tests the local $62,200–$62,700 zone.Political and regulatory gridlock in the U.S.: House hearings on the CLARITY Act are set for July 17, but the bill has completely stalled in the Senate over ethical clauses and Section 604 guidelines. Due to these legislative disputes, Polymarket has aggressively downgraded the probability of the bill passing in 2026 to just 42%.The next macro trigger: On Friday, June 26, the market faces a dual liquidity test with the release of the U.S. PCE inflation index and the quarterly expiration of $10.6 billion in BTC and ETH options. Any further macro pressure will heavily test the $60,000–$62,000 support cluster, risking a cascade toward the $54,000–$58,000 zone. You Might Also Like

Bitcoin’s recent parabolic market performance has attracted significant attention to the entire cryptocurrency market. This is both reasonable and expected. Since its inception, the crypto market as a whole has traditionally followed Bitcoin, and to a lesser extent Ethereum.

These days, however, cryptocurrency receives considerable attention from mainstream media channels. Gone are the days when the only access to reliable cryptocurrency news was from crypto-specific websites and media outlets.

Today, cryptocurrency happenings can be regularly found on the pages of major web outlets, including Yahoo Finance and Forbes.

Cryptocurrency and Soccer With this type of increased media attention come greater opportunities for moving into new and promising advertising markets. For example, soccer teams in Europe are beginning to collaborate with and sponsor various crypto projects.

This is positive news for both the blockchain economy and the sports industry. Blockchain projects are experiencing increased visibility in an entirely new space. The sports industry has the opportunity to benefit from various product and service offerings that are made possible by blockchain technology. These include convenience, increased accountability, and fast transactions.

One of the first major blockchain and cryptocurrency collaborations was between Rimini FC 1912, an Italian Serie C soccer club, and blockchain venture Quantocoin. The blockchain technology project offers exchanges, trading, and remittance payments for a potential client base of 2 billion people.

You may also like: Mining Profits Dry Up Across Bitcoin, DOGE, LTC, and BCH Saylor Should Stop Buying Bitcoin, Says CryptoQuant Strengthening Dollar and OG Selling Pressure Keep Bitcoin Bears in Control  Quantocoin purchased 25 percent of Rimini entirely with cryptocurrency, precisely its native token, the Quantocoin (QRCt). This is significant, as it was the first time that a soccer team has been purchased using cryptocurrency.

Quantocoin’s mission is to continue along this trajectory, making many more sports-related purchases with cryptocurrency.

According to a press release, English Premier League club, Newcastle United has also partnered with a blockchain project, StormGain. The Newcastle team is well known across Europe, making this a valuable collaboration for StormGain, a platform offering cryptocurrency margin trading.

StormGain’s CEO, Alex Althausen, remarked:

“We are thrilled to be partnering with an exciting and a leading soccer club such as Newcastle United. We believe the collaboration of cryptocurrencies and mainstream sports is inevitable. Therefore it’s a privilege and an honor for StormGain to be the spearhead of the blockchain community colliding with mainstream sports.”

Another interesting blockchain-soccer collaboration comes from Portugal. The famous S.L. Benfica announced in early June that its merchandise would be available for purchase with cryptocurrency. Benfica accepts Bitcoin (BTC) and Ethereum (ETH) as well as UTRUST token (UTK).

CoinMarketCap, which provides data services to the cryptocurrency market, also recently entered a sports-based partnership. Israel’s Beitar Jerusalem now wears the CoinMarketCap brand prominently during its matches. Moshe Hogeg, the new owner of the club, is a well-established cryptocurrency pioneer and entrepreneur.

Advertising Too Other recent partnerships with football clubs, such as CoinDeal’s Wolverhampton Wanderers sponsorship renewal, show that this type of exposure for cryptocurrency is growing and becoming more widely accepted in mass markets such as sports.

As the cryptocurrency world finds renewed hope and power in its long-anticipated turnaround from the 2018 bear market, it seems as if all news is good news, at least for now. These alliances with major sports franchises within the soccer world are undoubtedly great news, for supporters of the sport and blockchain technology alike.

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Conversations across the crypto space are circling back to blue-chip tokens, with Bitcoin, Ethereum, and Dogecoin taking the spotlight. Data from on-chain analytics platform Santiment shows that top market cap cryptocurrencies are dominating the surge in social chatter, with discussions ranging from institutional adoption and ETF speculation to technical barriers and ecosystem growth. Alongside them, Strategy, Tether, and MultiversX are also attracting strong attention.

Bitcoin And Ethereum Dominating Attention Despite price resistance at $112,000 throughout last week, Bitcoin is still the most closely watched cryptocurrency by analysts and investors. According to on-chain analytics platform Santiment, Bitcoin is currently dominating among crypto investors thanks to extensive discussions about its long-term role as digital gold, a monetary network, and a hedge against inflation. Conversations focus heavily on its scarcity, institutional demand, and the importance of self-custody. Traders are also discussing Bitcoin’s liquidity in flash crypto offers that allow instant trading and spending across multiple platforms. 

Ethereum is trending, with mentions also tied to its role in flash tokens and its utility across wallets and decentralized platforms. ETH discussions are based on its transferability and use in trading, staking, and gaming, while institutions continue to accumulate large volumes. However, the Ethereum price is also facing technical struggles in breaking above $4,500, having been rejected at $4,480 multiple times in the past seven days.

BTCUSD currently trading at $111,170. Chart: TradingView Strategy And Dogecoin Also Generate Social Buzz Strategy’s and its MicroStrategy ($MSTR) stock are also hot topics due to the company’s massive Bitcoin reserves and its reputation as a leveraged proxy for BTC exposure. Particularly, market chatter has picked up around its potential inclusion in the S&P 500, which could cause institutional buying and fund inflows. At the same time, discussions show that investors are debating whether MSTR shares or Bitcoin ETFs provide better exposure.

Unsurprisingly, the word “Dogecoin” is in the limelight due to multiple developments last week. Most of Dogecoin’s mentions are based on the upcoming Rex-Osprey Dogecoin ETF, which could become a historic first for Dogecoin ETFs in the US financial market. Furthermore, Trump-backed company Thumzup is expanding Dogecoin mining operations by adding 3,500 rigs. Despite choppy price action last week, Dogecoin managed to close above $0.21.

Tether ($USDT) also saw huge mentions last week after the company announced deeper investments into gold, with its reserves now exceeding $8.7 billion. The company aims to expand into mining, refining, and trading, with its CEO calling gold a natural bitcoin. Additionally, new token listings related to Tether are appearing on platforms like BitMart.

MultiversX ($EGLD), meanwhile, is facing a different kind of attention. Social discussions highlight concerns about dilution of its supply and the migration of projects to other chains like SUI, raising doubts about long-term use cases. However, there’s optimism on projects such as xPortal and xMoney, with hopes that buyback mechanisms and upcoming launches could bolster value. 

Featured image from Unsplash, chart from TradingView

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Crypto trading platform Robinhood, is reportedly evolving into a financial platform aimed at a diverse array of retail investors. In a significant shift, the company is set to introduce checking and savings accounts later this year for its paying “Gold” subscribers, marking its foray into the banking sector.

Robinhood Aims For Private Banking Experience Deepak Rao, vice president and general manager of Robinhood Money, said the company intends to differentiate itself from traditional banks by offering a “more personalized,” private-banking-like experience. “You get these crazy products, you get really high interest rates,” Rao noted in a recent interview. “Why don’t we do that, but we give it to everybody?”

While Robinhood is venturing into banking, it is important to note that it is not an FDIC-insured bank. Instead, it will partner with Coastal Community Bank to provide Federal Deposit Insurance Corporation (FDIC) protection on customer deposits. 

According to Bloomberg, the anticipated annual percentage yield on its high-yield savings accounts is expected to be around 4%, a competitive rate in today’s financial landscape.

In addition to high interest rates, Robinhood’s banking services will offer features typically associated with private banking, such as estate planning and tax advice. 

Customers will also enjoy the convenience of requesting cash to be delivered directly to their homes on the same day, a service that some traditional banks provide but with longer wait times.

Human And Robo-Advisory Services This move into banking aligns with Robinhood’s broader ambition to become a “one-stop-shop” for consumers’ financial needs, integrating investing, banking, retirement, and other financial products under one brand. 

CEO Vlad Tenev articulated this vision during the company’s investor day in December, and since then, Robinhood has also introduced sports-event contracts, further diversifying its offerings.

In addition to its banking expansion, Robinhood is rolling out a tailored wealth-management service. This service will cap fees for Gold subscribers at $250 per year, granting them access to both individual stocks and exchange-traded funds (ETFs), while minimizing taxable gains. 

Steph Guild, president of Robinhood Asset Management, emphasized the company’s commitment to creating a hybrid model that combines the benefits of human advisors and robo-advisors. “We thought we’d take the best of those models and create something that doesn’t exist today,” Guild stated

To further enhance its wealth-management services, Robinhood plans to launch an artificial intelligence tool named Robinhood Cortex. This feature will provide investors with advanced analysis and insights to help optimize their investment portfolios.

The daily chart shows the platform’s stock, HOOD, priced at $44.73 as of Wednesday’s trading session. Source: HOOD on TradingView.com Featured image from Shutterstock, chart from TradingView.com

Robinhood Brings AI Market Insights to UK — A Prelude to Crypto Disruption?

At midday yesterday, whales moved around 77,000 BTC—worth a whopping $780 million —into three unknown wallets. To put that into perspective, that’s around 0.43% of all circulating supply. 

Then things get even stranger: a day later, someone moved 484,775,570 XRP, worth about $133 million. 

Needless to say, speculation about the big moves is raging across the twittersphere. Some pundits believe the transactions are related to the alleged Chinese Ponzi scheme PlusToken— which was accused of scamming users out of $3 billion. The idea here is that bad guys are liquidating their ill-gotten gains.  Others say these moves are likely made by the usual suspects— whales— just ahead of what all the chart watchers absolutely swear will be a breakout. That’s right: The market is ready to go way up! Or maybe it’ll go way down. Then again, maybe it's nothing more than exchanges moving things around.

The news initially came from whale-alert, a website that puts out alerts on its Twitter feed whenever someone makes a sizeable transaction between wallets.

The two largest Bitcoin transactions–one for 33,705.87785594 BTC and another for 36,469.17934377 BTC–went to separate wallets, but took place within 30 minutes of each other. 

The Bitcoin market felt the vibrations instantly. About an hour after the transaction, the price of BTC rose by about $400 to a high of $10,442.44. A day later, it started to sink like a stone, now at $9,982.30.

 The BTC move might have bumped up the price of Ripple. In the hours following the BTC move, the price of XRP rose from $0.267527 to $0.277568. 

One Ripple whale snatched the opportunity to make its move of 84,775,570 XRP, worth $133,366,660. 

@Kemkem, a keen whale watcher, claims that the Ripple address belongs to the masterminds behind the PlusToken Ponzi scheme, which is quickly dumping hundreds of millions of stolen funds on the market. Indeed, a search for the address brings up Chinese language forums encouraging users to donate to the token. So who knows?

But anyone waggling a finger at PlusToken really ought to hold off for now. Earlier this week, Whale Alert picked up another huge transaction, of  97,750,354 VERI worth some $774 million). Turns out it likely wasn't anything interesting: The Whale Alert twitter account said that the coin, Veritaseum,  is a low-volume coin. VeritaseItsum’s market cap currently hovers around $15 million. “It is likely that the devs moved or unlocked the locked supply of the coin (total supply 100,000,000),” tweeted Whale Alert.

For now, speculation remains utter speculation.

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