Track market-moving stories before they get noisy

Chainlink's $LINK is fast approaching a symbolic milestone on Ethereum. According to fresh on-chain data from Santiment, the number of non-empty LINK wallets on Ethereum has climbed to 895,161, with thousands of new addresses added in a matter of days. The 900,000 holder mark is now within reach.

That figure covers Ethereum alone. BNB Chain holds an additional 190,000-plus $LINK wallets, with further balances spread across other networks, underscoring how broadly the token's ownership base has grown across the multi-chain landscape.

A divergence worth watching The unusual aspect of this growth is its timing. Santiment noted that the holder expansion is occurring while LINK trades near recent local lows, creating a visible divergence between network participation and price performance. When wallet counts rise sharply without a corresponding move in price, analysts often read it as quiet accumulation ahead of a broader re-rating.

Bulls point to the pattern as evidence that informed capital is positioning early. Skeptics, however, will want to see price confirm the thesis. Not every wallet represents a unique user, and on-chain growth can reflect exchange deposit addresses or accounts splitting holdings rather than pure organic demand.

Institutional backdrop adds context The wallet surge is not happening in isolation. Santiment linked the recent growth to a series of institutional developments, including Project Pangea, the DTCC's collateral infrastructure work, the expansion of tokenized real-world assets, and around-the-clock equity data delivery systems. Chainlink's Cross-Chain Interoperability Protocol (CCIP) has also recently surpassed Wormhole in transfer volume across more than 70 blockchain networks, adding a tangible usage milestone to the narrative.

Separate reports indicate Chainlink bought back $15 million in $LINK over the past 90 days with no token unlocks during the same period, while its reserve holds 4.5 million LINK following $49.5 million in cumulative inflows. These supply-side dynamics, combined with rising holder counts, are reinforcing the accumulation case for those watching the fundamentals closely.

Whether the price follows the wallets into July remains the open question. The on-chain data makes the setup hard to ignore.

Sources:
Blockchain Reporter: Chainlink Holder Count Goes Parabolic
Blockonomi: Chainlink Holder Count Nears 900K
CaptainAltcoin: Chainlink Adds 8,000 Holders in 5 Days

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

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The ETH/BTC ratio prices Ethereum in Bitcoin instead of dollars, stripping out the market-wide move so you can see which of the two is actually winning. Here is what the ratio measures, how to read it, what drives it, and why it has fallen to multi-year lows.

Summary

The ETH/BTC ratio is the price of one ether expressed in bitcoin, a single number that shows whether Ethereum is outperforming or underperforming Bitcoin regardless of what the dollar price of either is doing. A rising ratio means ether is gaining on bitcoin, often a sign of risk appetite and a healthier environment for altcoins; a falling ratio means bitcoin is winning, usually a sign of caution and bitcoin dominance. As of mid-2026, the ratio sits near multi-year lows around 0.026, reflecting Ethereum’s deep underperformance against Bitcoin, down sharply from levels near 0.08 in 2021 and 0.15 in 2017. The ratio is driven by the tug-of-war between Ethereum-specific forces (ETF flows, staking, layer-2 activity, supply dynamics, competition from other chains) and Bitcoin-specific forces (halving cycles, ETF and treasury demand). It is a relative-strength gauge and a regime signal, not a price target, and it can stay depressed or elevated for years, so it should inform context rather than dictate trades. Table of Contents

What the ratio actually measuresWhy traders watch itHow to read a rising or falling ratioA worked exampleWhere the ratio has been, and where it is nowWhat drives the ratio up and downHow to use the ratio without overreading itFrequently Asked Questions The ETH/BTC ratio is the price of one ether (ETH) measured in bitcoin (BTC) rather than in dollars, and it is one of the most useful single numbers in crypto for understanding which of the two largest assets is actually winning. When you look at Ethereum’s price in dollars, you are seeing two things mixed together: how Ethereum is doing, and how the entire crypto market is doing, because almost everything in crypto moves loosely with Bitcoin and with the broad risk environment.

The ETH/BTC ratio removes the second factor. By pricing Ethereum directly in Bitcoin, it cancels out the market-wide move that both assets share and isolates Ethereum’s performance relative to Bitcoin alone. If both assets rise 20% in dollars, the ratio does not move, because neither outperformed the other. If Ethereum rises while Bitcoin is flat, the ratio rises, and you learn something the dollar chart obscured: capital is favoring Ethereum over Bitcoin right now.

That makes the ratio a lens, not just a number, and learning to read it changes how you see the market. This guide explains what the ETH/BTC ratio is and how it is calculated, why traders watch it, how to interpret a rising or falling ratio, what the ratio has done historically and where it sits now, the forces on each side that push it up or down, a worked example you can follow step by step, and how to use it sensibly without overreading it.

The aim is to give you a durable mental model rather than a snapshot, because the specific level will change, but the way the ratio works will not. None of this is trading advice; the ratio is an analytical tool, and like any tool, it can mislead if used in isolation. Used well, though, it is one of the clearest windows into the single most important relationship in the asset class, the one between its two dominant coins.

What the ratio actually measures Start with the mechanics, because they are simple and the simplicity is the point. The ETH/BTC ratio is calculated by dividing the price of ether by the price of bitcoin, using the same currency for both, so the units cancel and you are left with a pure ratio. If ether trades at $1,550 and bitcoin trades at $60,000, the ratio is 1,550 divided by 60,000, which is about 0.0258, usually written as 0.026. That number tells you that one ether is currently worth about 2.6% of one bitcoin. You can read it directly: at a ratio of 0.026, it takes roughly 38 ether to equal one bitcoin in value.

Most charting platforms quote the pair as ETHBTC or ETH/BTC, and many crypto exchanges let you trade the pair directly, buying ether with bitcoin or the reverse, which is part of why the ratio is so closely watched, it is a live, tradable market, not just a derived statistic.

What the ratio measures, conceptually, is relative strength. It answers a question the dollar price cannot: between the two largest assets in crypto, which is the market choosing right now? Because Bitcoin and Ethereum share most of the same macro drivers, interest rates, risk appetite, regulatory news, dollar liquidity, comparing them to each other holds those shared factors roughly constant and exposes the difference that is specific to each asset. A dollar chart of Ethereum during a broad sell-off shows Ethereum falling, but it cannot tell you whether Ethereum fell more or less than Bitcoin.

The ratio can. If Ethereum fell harder than Bitcoin, the ratio dropped even as both went down, revealing that within the decline, capital preferred the relative safety of Bitcoin. That is the core value of the metric: it separates Ethereum’s own story from the market’s story, and in doing so it often reveals the direction of capital rotation that the dollar price hides.

Why traders watch it The ratio matters because it functions as a regime indicator for the broader market, not just for Ethereum. In crypto, there is a long-observed pattern in which capital rotates in a rough sequence: money flows into Bitcoin first during the early, cautious phase of a rally, then rotates into Ethereum as confidence grows, and then spreads out into smaller altcoins as risk appetite peaks.

Because Ethereum sits in the middle of that sequence, the largest and most established asset after Bitcoin, the ETH/BTC ratio often acts as a barometer for where the market is in that cycle. A rising ratio, with Ethereum gaining on Bitcoin, frequently signals that risk appetite is building and that the environment is turning favorable for altcoins broadly, since Ethereum tends to lead the alt market. A falling ratio, with Bitcoin winning, usually signals the opposite: caution, a flight toward the relative safety of Bitcoin, and a harder environment for smaller tokens.

This is why traders treat the ratio as a piece of market-structure information instead of just a fact about two coins. When the ratio is trending up, many interpret it as confirmation of an “altcoin season” or “ETH season,” a period when capital is willing to move out the risk curve and non-Bitcoin assets outperform. When it is trending down, the read is “Bitcoin season” or rising “Bitcoin dominance,” a period when Bitcoin absorbs the market’s attention and capital while alts bleed against it. Portfolio decisions follow from this framing: a trader who believes the ratio is turning up might tilt toward Ethereum and altcoins, while one who sees it falling might rotate toward Bitcoin or cash.

The ratio also serves as a sanity check on narratives. If commentators are loudly predicting an Ethereum breakout but the ETH/BTC ratio keeps falling, the market is voting against the narrative in the most direct way available, by pricing Ethereum lower against Bitcoin quarter after quarter. Watching the ratio keeps a trader honest about what is actually happening versus what is being talked about.

How to read a rising or falling ratio Reading the ratio is mostly about direction and context instead of any single absolute level. A rising ETH/BTC ratio means ether is appreciating relative to bitcoin, whether because ether is rising faster than bitcoin, falling more slowly, or rising while bitcoin falls. In all of those cases the message is the same: on a relative basis, the market is favoring Ethereum.

Sustained increases in the ratio tend to coincide with periods of broad risk appetite, strong Ethereum-specific catalysts, and outperformance across the altcoin complex, since Ethereum often pulls the alts along with it. A falling ratio carries the opposite message: bitcoin is winning the relative contest, the market is leaning toward caution and Bitcoin dominance, and altcoins are generally struggling against bitcoin even if they are flat or rising in dollar terms.

The crucial discipline is to read the ratio in context instead of as a standalone buy or sell signal. The same ratio level can mean very different things depending on the trend and the backdrop. A ratio of 0.026 reached on the way down, after months of Ethereum underperformance, signals weakness and momentum against Ethereum. The same 0.026 reached on the way up, after a period of Ethereum gaining, would signal the opposite, recovering relative strength.

Direction and trend matter more than the absolute figure. It also helps to watch the ratio across multiple timeframes: a short-term bounce in the ratio within a long-term downtrend is a different and weaker signal than a multi-month trend change. And because the ratio is relative, it is silent about absolute price. The ratio can rise while both assets fall in dollars, if Ethereum falls less, which is relative outperformance during an absolute loss, useful to know but not the same as a gain. Reading the ratio well means always holding two questions at once: which asset is winning the relative contest, and what is the absolute market doing underneath that contest.

A worked example Make it concrete with numbers you can follow. Suppose ether is trading at $1,550 and bitcoin at $60,000. Divide 1,550 by 60,000 and you get 0.0258, so the ETH/BTC ratio is about 0.026, and one ether is worth roughly 2.6% of one bitcoin, or equivalently it takes about 38 ether to equal one bitcoin. Now run three scenarios from that starting point to see how the ratio responds to relative moves.

In the first scenario, both assets rise 25% in dollars: ether to about $1,938 and bitcoin to $75,000. The ratio is 1,938 divided by 75,000, which is still about 0.0258. Despite a large dollar gain in both, the ratio did not move, because neither outperformed the other, exactly the information the dollar chart would have hidden.

In the second scenario, ether outperforms: ether doubles to $3,100 while bitcoin stays at $60,000. The ratio becomes 3,100 divided by 60,000, or about 0.052, a doubling of the ratio. This is the signature of Ethereum outperformance, and a trader watching only the ratio would see it climb from 0.026 to 0.052 and read a strong shift of capital toward Ethereum, the kind of move associated with an ETH-led alt rally. In the third scenario, the market falls but Ethereum falls harder: bitcoin drops to $48,000 (down 20%) while ether drops to $1,085 (down 30%).

The ratio is 1,085 divided by 48,000, or about 0.0226, a decline from 0.026. Here both assets lost money in dollars, but the ratio fell, telling you that within the sell-off, capital preferred bitcoin and Ethereum bore more of the damage. These three cases show the ratio’s whole purpose in miniature: it ignores the shared move and reports only the relative winner, which is the piece of information that dollar prices alone cannot give you.

Where the ratio has been, and where it is now History gives the current level its meaning, and the history of ETH/BTC is a story of a long round trip. In Ethereum’s earlier years the ratio climbed dramatically as Ethereum established itself as the clear number-two asset and the home of smart contracts, decentralized finance, and much of crypto’s developer activity. It reached its highest levels around mid-2017, near 0.15, when one ether was worth about 15% of a bitcoin, a peak of Ethereum’s relative strength driven by the initial-coin-offering boom that ran on Ethereum.

The ratio then fell sharply, recovered into the 2021 cycle to peak around 0.08 as decentralized finance and non-fungible tokens drove enormous activity on Ethereum, and has since entered a prolonged decline. As of mid-2026, the ratio sits near multi-year lows around 0.026, with ether near $1,550 against bitcoin near $60,000, a level that reflects a sustained stretch of Ethereum underperforming Bitcoin.

The reasons for the long decline are worth understanding because they explain why the ratio is where it is instead of simply that it is low. Several forces have weighed on Ethereum’s relative strength. Bitcoin has captured an enormous wave of institutional demand through spot ETFs and corporate-treasury adoption, a clean, simple “digital gold” narrative that has pulled capital toward Bitcoin specifically. Ethereum, meanwhile, has faced intensifying competition from faster, cheaper chains, with much of the speculative and developer energy that once flowed to Ethereum moving to rivals, which has diluted the “Ethereum is the only smart-contract platform that matters” thesis that powered its earlier outperformance.

Ethereum’s own narrative has also been harder to summarize than Bitcoin’s, shifting across staking, scaling through layer-2 networks, and supply dynamics in ways that are powerful but complex, and complexity is a disadvantage in a market that rewards simple stories. The result is a ratio that has spent a long time grinding lower, which is the context any reader should hold when they see the current figure: it is not a momentary dip but the late stage of a multi-year trend, which is exactly why it is so closely watched for signs of a turn.

What drives the ratio up and down To anticipate the ratio instead of just observe it, you have to understand the forces on each side, because the ratio is a tug-of-war between Ethereum-specific and Bitcoin-specific drivers. On the Ethereum side, the factors that tend to push the ratio up include strong inflows into Ethereum ETFs, which signal institutional demand specifically for ether; growth in staking, which locks up supply and can tighten the available float; rising activity on Ethereum and its layer-2 networks, which supports the case that the network is being used; and periods when Ethereum’s supply dynamics turn deflationary, reducing net issuance. Broadly, anything that strengthens Ethereum’s relative narrative or tightens its supply relative to Bitcoin tends to lift the ratio. When these forces are strong and Bitcoin lacks an equally strong catalyst, capital rotates toward Ethereum and the ratio climbs.

On the Bitcoin side, the factors that push the ratio down include the four-year halving cycle and its associated demand narratives, large institutional inflows into Bitcoin ETFs, corporate-treasury accumulation of Bitcoin, and any environment in which the market wants the relative safety and simplicity of Bitcoin over the complexity of Ethereum and altcoins. Risk-off conditions generally favor Bitcoin and pull the ratio down, because in a cautious market capital concentrates in the most established, most liquid, most narratively simple asset, which is Bitcoin.

The overall risk environment is the backdrop to both sides: in risk-on periods, capital is willing to move out the curve toward Ethereum and the ratio tends to rise, while in risk-off periods it retreats toward Bitcoin and the ratio tends to fall. This framework explains why the ratio has been weak: Bitcoin has enjoyed powerful, simple, institution-friendly catalysts in ETFs and treasuries, while Ethereum’s catalysts have been real but more diffuse, and much of the market has been in a cautious, Bitcoin-favoring posture. A durable turn in the ratio would require Ethereum-specific demand to outweigh Bitcoin’s, which is exactly what traders watch the ratio to detect.

How to use the ratio without overreading it For all its usefulness, the ratio is easy to misuse, and using it well means respecting its limits. The most important discipline is to remember that the ratio is a relative-strength gauge, not a price target or a guaranteed mean-reverting signal. A common error is to look at a depressed ratio and assume it must bounce back toward old levels, treating the multi-year average as a magnet.

There is no rule that forces the ratio to revert. It can stay depressed for years if Ethereum continues to underperform, just as it can stay elevated during a strong Ethereum cycle, and betting on reversion simply because the ratio looks low has cost many traders dearly through long stretches of continued underperformance. The ratio describes the current balance of relative strength; it does not promise that the balance will swing back on any particular schedule.

The second discipline is to never trade the ratio in isolation. It is one input among many, most powerful when combined with an understanding of the absolute market environment, the specific catalysts on each side, and your own time horizon. The ratio tells you which asset is winning the relative contest, but it says nothing about whether the whole market is heading up or down in dollars, which is what actually determines whether you make or lose money in absolute terms.

A rising ratio in a collapsing market still means losses; a falling ratio in a soaring market can still mean gains. The ratio is best used to inform allocation tilts and to read market structure, for example to judge whether the environment favors Ethereum and alts or Bitcoin, instead of as a standalone entry or exit trigger. Treat it as a compass that shows direction of relative capital flow, not a clock that tells you when to act, and it becomes one of the more reliable instruments in a crypto analyst’s toolkit. Misread as a precise timing signal or a guaranteed reversion bet, it becomes a trap. The metric is honest; the overreading is the danger.

Frequently Asked Questions What is a good ETH/BTC ratio? There is no single “good” level, because the ratio is a relative measure whose meaning depends on trend and context instead of any fixed number. Historically the ratio has ranged from highs near 0.15 in 2017 and 0.08 in 2021 down to multi-year lows around 0.026 in 2026. A higher ratio reflects stronger Ethereum performance against Bitcoin, and a lower one reflects Bitcoin dominance, but neither is inherently “good” or “bad,” it depends on which asset you favor and where you are in the cycle. What matters more than the absolute level is the direction: a rising ratio signals Ethereum gaining, a falling ratio signals Bitcoin winning. Read the trend and the backdrop, not a target number.

How do you calculate the ETH/BTC ratio? Divide the price of ether by the price of bitcoin, using the same currency for both so the units cancel. For example, if ether is $1,550 and bitcoin is $60,000, the ratio is 1,550 divided by 60,000, which equals about 0.0258, usually written as 0.026. That means one ether is worth roughly 2.6% of one bitcoin, or that it takes about 38 ether to equal one bitcoin. Most charting platforms display the pair directly as ETHBTC or ETH/BTC, so you rarely need to calculate it by hand, and many exchanges let you trade the pair directly, which is why it behaves as a live market instead of just a derived statistic.

What does a rising ETH/BTC ratio mean? A rising ratio means ether is appreciating relative to bitcoin, whether because ether is rising faster, falling more slowly, or rising while bitcoin is flat or falling. The shared message is that the market is favoring Ethereum over Bitcoin on a relative basis. Sustained increases often coincide with broad risk appetite and outperformance across altcoins, since Ethereum tends to lead the alt market, which is why a rising ratio is frequently read as a signal of “ETH season” or a building altcoin rally. The key caveat is that a rising ratio describes relative strength only; it says nothing about whether the overall market is going up or down in dollar terms.

Why has the ETH/BTC ratio been falling? The long decline reflects a tug-of-war that Bitcoin has been winning. Bitcoin has captured a powerful wave of institutional demand through spot ETFs and corporate treasuries, supported by a simple “digital gold” narrative. Ethereum has faced intensifying competition from faster, cheaper chains that drew away speculative and developer activity, while its own narrative, spanning staking, layer-2 scaling, and supply dynamics, has been harder to summarize than Bitcoin’s. A generally cautious, risk-off market has also favored Bitcoin’s relative safety. The combination pushed the ratio to multi-year lows near 0.026 by mid-2026. A durable turn would require Ethereum-specific demand to outweigh Bitcoin’s catalysts.

Can the ETH/BTC ratio predict altcoin season? It is one of the more useful indicators for it, but not a precise predictor. Because Ethereum sits between Bitcoin and smaller altcoins in the typical rotation of capital, the ETH/BTC ratio often acts as a barometer: a rising ratio suggests capital is moving out the risk curve toward Ethereum and, by extension, toward altcoins, while a falling ratio suggests retreat toward Bitcoin. Many traders treat a sustained uptrend in the ratio as confirmation that an altcoin season is building. However, it is a relative-strength gauge, not a guarantee, and it should be combined with other signals and an understanding of the absolute market, instead of treated as a standalone forecast of when alts will run.

Should I trade based on the ETH/BTC ratio? The ratio is best used as an analytical and allocation tool instead of a standalone trading trigger, and this is not trading advice. It is most valuable for understanding market structure, judging whether the environment favors Ethereum and altcoins or Bitcoin, and informing how you tilt a portfolio, instead of as a precise entry or exit signal. Two cautions matter most: do not assume a low ratio must revert to old highs, because it can stay depressed for years, and never read it in isolation, because it says nothing about whether the overall market is rising or falling in dollars. A rising ratio in a falling market still means losses. Use it as a compass for relative strength, combined with other analyses.

This article is educational information, not financial or investment advice. Price levels and ratio figures reflect approximate values as of June 2026 and change continuously. Cryptocurrency is volatile, and you can lose money. Do your own research and consult a qualified financial professional before making any investment decision.

Survey: 88% of enterprises plan to adopt stablecoins within the next year, with cross-border payment costs reduced by an average of 35%.

Payment infrastructure company Cybrid has released a new survey report indicating stablecoins are rapidly gaining traction in enterprise payment scenarios. The survey found that 42% of participating enterprises already use stablecoins for cross-border payments, while 88% said they are likely or very likely to adopt stablecoins within the next 12 months—only 2% of firms stated they will continue to rely entirely on traditional payment systems. According to the report, enterprises using stablecoins save an average of 35% on cross-border payment costs, with firms processing over $100 million in monthly payments achieving an average cost reduction of 47%. Payroll and contractor payments represent the most prominent use case, followed by supplier payments, customer payments, investment and revenue management, and treasury management, among others. Additionally, 71% of respondents identified a clear regulatory framework as the primary factor driving further mainstream adoption of stablecoins, outranking considerations such as infrastructure provider credibility and system integration. The survey was conducted from April to May this year, covering 468 senior executives from tech, financial services, and e-commerce sectors in the United States, Canada, and the United Kingdom.

3 hours ago

FalconX secures EU MiCA license, allowing it to offer compliant crypto services to institutional clients in Europe.

Institutional digital asset broker FalconX announced it has obtained the EU’s Markets in Crypto-Assets (MiCA) license issued by the Malta Financial Services Authority (MFSA), enabling it to provide compliant digital asset trading, custody, liquidity and related institutional services across the European Union (EU) and European Economic Area (EEA). FalconX stated that this license allows it to operate across EU member states under a unified regulatory framework, eliminating the need for individual country-specific licenses. Currently, the firm serves over 2,000 institutional clients worldwide, including asset management firms, hedge funds, banks and family offices, with cumulative transaction volumes exceeding $2.5 trillion and over $8 billion in institutional financing disbursed. FalconX noted that as the MiCA regulatory framework is fully implemented, institutional clients’ demand for compliant trading, custody and liquidity services continues to grow, and regulatory credentials are becoming a key competitive advantage in Europe’s digital asset market.

3 hours ago

Guo Wengui sentenced to 30 years in prison in connection with a fraud case involving over $1 billion.

A US court has sentenced Miles Guo (also known as Ho Wan Kwok) to 30 years in prison. In 2024, a jury convicted Guo on multiple charges including racketeering, fraud, and money laundering, with his formal sentencing now issued. Prosecutors stated that Guo defrauded over $1 billion from global victims through a series of related scam schemes spanning five years. Notably, in 2021, he promoted the cryptocurrency project Himalaya Coin (H-Coin), claiming the tokens were backed by 20% gold reserves and promising to cover all investors’ losses, raising approximately $500 million in total. Additionally, the court previously ordered the forfeiture of nearly $900 million in Guo’s illegal proceeds, as well as his luxury mansion in New Jersey and multiple high-end vehicles. Guo had close ties to Steve Bannon, a former senior advisor to US President Donald Trump; Bannon was arrested in 2020 aboard Guo’s yacht.

3 hours ago

The first-half 2026 funding rankings have been released, with Kalshi and Polymarket raising a combined $1.8 billion.

According to statistics, the 14 largest global funding rounds in the first half of 2026 raised a total of $4.3 billion, with prediction markets, AI, and payment sectors drawing the most investor interest. Specifically, prediction market platform Kalshi topped the list with a $1.2 billion funding round, while Polymarket secured $600 million—together, the two raised $1.8 billion, accounting for over 40% of the total capital of the top 14 rounds. In the AI space, Replit, Exa AI, and OpenRouter closed funding rounds of $400 million, $250 million, and $113 million respectively. For blockchain projects, Canton Network, Arc, and Morpho raised $355 million, $222 million, and $175 million respectively. Meanwhile, payment, RWA, infrastructure, and compliance projects including Rain, Slash, Goldcom, Alpaca, and Elliptic also featured on the list.

3 hours ago

Open Standard launches stablecoin Open USD, with over 140 institutions including Visa, BlackRock, and Coinbase participating.

Open Standard has announced the launch of Open USD (OUSD), a new stablecoin for global fund flows, noting that over 140 enterprises have joined its ecosystem, including financial, payment, and crypto industry players such as Visa, Stripe, Mastercard, American Express, BlackRock, BNY, DBS, Coinbase, OKX, MetaMask, Aave, Ripple, Fireblocks, Solana, and Polygon. According to the introduction, Open USD follows three core design principles: supporting zero-cost, large-scale minting and redemption for enterprises; returning all reserve asset yields to partners after deducting a small management fee; and being governed by a board of directors composed of independent firm Open Standard and its partners, rather than controlled by a single issuer. Open Standard states that Open USD will officially launch later this year, with the goal of building an open, low-cost, high-throughput stablecoin infrastructure with a sharing economy mechanism to meet the needs of the internet economy and global enterprise-level payments.

3 hours ago

Pump.fun is discontinuing support for its tokenized agent issuance feature, stating it will focus on optimizing retail user trading experience.

Pump.fun announced it will immediately cease support for its Tokenized Agent token issuance feature. The feature will no longer be available for new token launches, though projects that have already activated it will remain unaffected. The platform noted that over recent months, consistent community feedback has pointed out that excessive issuance options have sparked unnecessary user vs. user (PVP) competition. Moving forward, Pump.fun will prioritize issuance models and product features that explicitly enhance retail trading experiences.

3 hours ago

TL;DR

Confirmed that the 25-delta put-call options skew has shifted positive for early July expiries, showing options traders are paying more for short-term downside protection. The key caveat: Avoid claiming options skew guarantees a price decline; portray it as a gauge of trader sentiment and hedging. For traders, the story matters because it affects how capital, liquidity or confidence is being priced across crypto right now. What Happened Ethereum Options Traders Pay Up For Downside Protection As Skew Turns Cautious. The update comes from Tokenpost, with the core claim checked against Deribit Options Metrics Dashboard / Block Scholes reports. That matters because this is the sort of story that can quickly become noisy if it is treated as a simple price headline rather than a market-structure development.

Confirmed that the 25-delta put-call options skew has shifted positive for early July expiries, showing options traders are paying more for short-term downside protection. The clean read is not that one data point should dominate the whole market, but that the latest signal gives traders a better sense of where risk appetite is shifting. In a market still being driven by ETF flows, leverage, treasury decisions and rotating altcoin liquidity, context is doing a lot of work.

Why It Matters For Crypto Traders Options markets are useful because they show what traders are willing to pay to protect against specific outcomes. When short-dated Ether skew moves toward puts, it says desks are paying up for near-term downside cover. It does not predict the future, but it does show where the market feels exposed right now.

The practical takeaway is that this is not just about the headline asset. These stories tend to spill across related trades: Bitcoin treasury names can affect altcoin sentiment, ETF flow data can shape institutional positioning, and token-specific network metrics can change how traders think about support, demand and supply. When liquidity is thin, those second-order effects can matter almost as much as the original news.

The Caveat To Keep In Mind Avoid claiming options skew guarantees a price decline; portray it as a gauge of trader sentiment and hedging. That is the line readers should keep front and center. Crypto markets are very good at taking a narrow data point and turning it into a sweeping narrative within minutes. The better read is usually more measured: this is a signal, not a guarantee.

For example, an outflow does not automatically mean long-term holders have lost conviction. A governance warning does not mean a network is broken. A token unlock does not mean every released coin is being dumped at market. And a derivatives shift does not mean price must follow in a straight line. The useful part is understanding what the signal says about positioning, confidence and incentives.

What To Watch Next The next step is to watch whether the data keeps confirming the story. If the same pattern appears across follow-up flows, on-chain metrics, open interest, governance dashboards or official filings, it becomes a more durable market theme. If it fades quickly, it may end up looking like a short-term positioning scare rather than a structural shift.

That distinction is especially important in the current market. Traders are still trying to work out whether capital is truly leaving crypto, rotating into safer crypto assets, or simply sitting in stablecoins waiting for a cleaner entry. This story adds one more piece to that puzzle, but it should be read alongside broader liquidity, macro and derivatives conditions.

This report is based on information from Tokenpost and Deribit Options Metrics Dashboard / Block Scholes reports.

This article was written by the News Desk and edited by Samuel Rae.

SharpLink has expanded its Ethereum treasury with another 10,000 ETH purchase even as the cryptocurrency has remained on course for its third consecutive quarterly decline.

Summary

SharpLink bought another 10,000 ETH for $16.1 million, increasing its Ethereum holdings to 886,725 ETH. Ethereum is on track for its first-ever third consecutive quarterly loss despite continued treasury accumulation. Bitmine now holds more than 5.7 million ETH, adding to institutional buying as analysts watch the $1,500 support level. According to a company press release, SharpLink acquired the latest 10,000 ETH at an average price of $1,611 per token, spending approximately $16.1 million on the purchase.

The transaction increases the company’s total Ethereum holdings to 886,725 ETH and follows a $75 million capital raise completed through a registered stock offering.

SharpLink continues building its Ethereum treasury Alongside the latest crypto purchase, SharpLink stepped up its capital management efforts by repurchasing more than 2.13 million shares of its common stock, SBET, at an average price of $4.69 per share.

The company said it has now bought back over 4.07 million shares since August 2025. Despite those moves, SBET shares were trading around $4.72 at the time of writing, down nearly 4% on the day.

Source: Yahoo Finance Recent corporate developments have also added to the company’s profile. Earlier this week, SharpLink joined the Russell 2000 and Russell 3000 indexes, extending its presence in major U.S. equity benchmarks while continuing to increase its Ethereum reserves.

SharpLink is not the only listed company expanding its exposure to Ethereum. As crypto.news reported on Monday, Ethereum treasury firm Bitmine purchased another 27,084 ETH during the past week, lifting its holdings to more than 5.7 million ETH.

Based on the company’s figures, those reserves now account for about 4.7% of Ethereum’s estimated circulating supply of 120.7 million ETH, bringing Bitmine closer to its previously stated target of holding 5% of the network’s supply.

Earlier this month, crypto.news also examined the implications of treasury companies accumulating increasingly large portions of Ethereum. The report noted that sustained buying could reduce the amount of ETH available for trading, although concentrated ownership may create additional risks if companies later need to fund operations through debt, equity issuance, or asset sales during weaker market conditions.

Ethereum remains under pressure despite corporate buying Even as treasury companies continue adding to their holdings, Ethereum (ETH) has struggled to regain upward momentum. At the time of writing, ETH traded near $1,560, down about 1% on the day and roughly 25% for the quarter.

Ethereum price chart — June 30 | Source: crypto.news Current market performance also places Ethereum on track to record its third straight quarterly loss, a result that would be the first such streak in the asset’s history if the quarter closes at current levels.

Some analysts nevertheless see the recent weakness as a key technical test rather than a definitive breakdown. According to crypto analyst Ted Pillows, Ethereum could stage a relief rally next month if it manages to hold support around $1,500.

The analyst’s chart also outlined the downside risk if that level fails. Under that scenario, Ted Pillows said Ethereum could fall toward $1,400 or lower, underscoring that price direction in the coming weeks may depend on whether buyers continue defending the current support zone despite ongoing accumulation by treasury firms.

In brief Ethereum treasury firm Sharplink acquired 10,000 ETH last week in its first buy of the year. The firm also repurchased another 2 million shares of SBET, which are down around 3% on Tuesday. Shares have now fallen more than 88% off their 52-week high. Publicly traded Ethereum treasury firm Sharplink added 10,000 ETH for around $16 million last week, marking its first acquisition since October. 

The firm now maintains holdings of 886,725 ETH worth $1.38 billion, as Ethereum changes hands around $1,562 on Tuesday. 

“Our capital allocation philosophy is disciplined and straightforward: Every financing decision we make is based on our long-term objective to increase ETH per share,” said Sharplink CEO Joseph Chalom in a statement. 

Last week, the firm completed a $75 million registered direct offering, raising funds that Chalom said “provided the capital to support our active ETH treasury management strategy.”

In addition to adding to its Ethereum stack, the firm also bought back more than 2.1 million shares of SBET, which it believes is “significantly undervalued.” Since creating its share buyback program last year, Sharplink has now bought back more than 4 million shares of SBET. 

Despite the announcement, shares of SBET are down around 3% on Tuesday shortly after market open, trading around $4.76. At that mark, shares have now fallen nearly 22% in the last month of trading and are 88% off SBET’s 52-week high of $40.46.

Sharplink’s primary treasury asset has suffered, too, with Ethereum falling 22% in the last month of trading. It’s now more than 68% off its August all-time high price of $4,946.

Nevertheless, Sharplink remains committed to ETH and its future. Last week, the firm joined with Ethereum treasury rival BitMine Immersion Technologies to help back the founding of Ethlabs, a new nonprofit research and development organization aimed at championing the network and its native asset. 

Last month, Sharplink also announced a $125 million fund built in collaboration with Galaxy Research as it seeks to gain access to on-chain yields. 

A representative for the firm did not immediately respond to Decrypt’s request for comment.

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18h35 ▪ 4 min read ▪ by Eddy S.

Summarize this article with:

BitMine did not take advantage of the drop to slow down. On the contrary. Tom Lee’s company injected an additional $43 million into Ethereum while Strategy suspended its Bitcoin purchases. Two radically different approaches that rekindle a question: does ETH finally have the necessary catalysts to establish itself sustainably?

In brief BitMine invests an additional $43 million in Ethereum despite the market downturn. Tom Lee remains convinced that Ethereum’s fundamentals justify a long-term accumulation strategy. BitMine’s purchases alone won’t be enough: ETH’s future will mainly depend on the real adoption of the network. Why does Tom Lee keep purchasing Ethereum despite the decline? BitMine increases its stake in the crypto While many investors reduce their crypto exposure, BitMine follows its roadmap without deviating. Indeed, the company chaired by Tom Lee added nearly $43 million of Ethereum to its treasury over the past week, bringing its reserves to more than 5.7 million ETH, valued around $9 billion. Meanwhile, Strategy, a global benchmark for Bitcoin treasuries, changes strategy and has made no new purchases. For Tom Lee, the current Ethereum correction does not call into question its long-term prospects.

Additionally, he attributes the current pressure to end-of-quarter adjustments, the famous “window dressing”, which prompts some managers to lighten their positions on the least performing assets. This view fits into a broader context. Indeed, a recent study by Anthropic shows that Americans see artificial intelligence as a source of job concerns, but also as a formidable lever for innovation. Tom Lee shares this long-term logic when quoting:

Payments between AI agents (agentic payments); The growth of stablecoins; Institutional adoption of crypto infrastructures, among the drivers likely to support Ethereum. For BitMine, the current decline therefore represents more of an accumulation opportunity than a warning signal. Why does an additional $43 million in ETH not ensure a price spike in 2026? BitMine’s purchase impresses by its scale, but it mainly reminds a reality that the market sometimes seems to forget: accumulating more Ethereum is no longer enough to trigger a sustained price increase. Despite this offensive strategy, ETH is still far from its all-time high and goes through a period where investors expect proof of adoption more than spectacular announcements. The real challenge for Ethereum now exceeds purchases made by a few listed companies. In 2026, its potential will depend primarily on the growth of real-world use cases.

Moreover, the growth of stablecoins, tokenization of financial assets, rise of decentralized applications, and development of automated payments must generate more activity on the network. Without this momentum, even acquisitions worth several tens of millions of dollars are likely to have a limited effect on the crypto market. In 2026, investors will no longer be content with promises. They will expect concrete results before rewarding digital assets.

By buying $43 million more of Ethereum, BitMine confirms that Tom Lee remains convinced of ETH’s potential despite a hesitant market. But this strategy alone will not be enough to revive the price. Will Ethereum’s fundamentals eventually convince investors as much as the companies that continue to accumulate?

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Eddy S.

The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.

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.

TL;DR

Large wallets and whales rotated capital out of high-risk altcoins into BTC and ETH, treating them as safe collateral during the altcoin leverage flush. The key caveat: Note that this is portfolio rotation rather than net new fiat buying; it indicates a risk-off rotation within the crypto asset class. For traders, the story matters because it affects how capital, liquidity or confidence is being priced across crypto right now. What Happened Whales Rotate Back To Bitcoin And Ethereum As Altcoin Risk Cools. The update comes from Tokenpost, with the core claim checked against Glassnode exchange flows / IntoTheBlock address statistics. That matters because this is the sort of story that can quickly become noisy if it is treated as a simple price headline rather than a market-structure development.

Large wallets and whales rotated capital out of high-risk altcoins into BTC and ETH, treating them as safe collateral during the altcoin leverage flush. The clean read is not that one data point should dominate the whole market, but that the latest signal gives traders a better sense of where risk appetite is shifting. In a market still being driven by ETF flows, leverage, treasury decisions and rotating altcoin liquidity, context is doing a lot of work.

Why It Matters For Crypto Traders Rotation back into BTC and ETH is a classic risk-off move inside crypto. It does not necessarily mean fresh money is flooding into the market. It can simply mean large wallets prefer the deepest collateral assets while smaller altcoins digest leverage and volatility.

The practical takeaway is that this is not just about the headline asset. These stories tend to spill across related trades: Bitcoin treasury names can affect altcoin sentiment, ETF flow data can shape institutional positioning, and token-specific network metrics can change how traders think about support, demand and supply. When liquidity is thin, those second-order effects can matter almost as much as the original news.

The Caveat To Keep In Mind Note that this is portfolio rotation rather than net new fiat buying; it indicates a risk-off rotation within the crypto asset class. That is the line readers should keep front and center. Crypto markets are very good at taking a narrow data point and turning it into a sweeping narrative within minutes. The better read is usually more measured: this is a signal, not a guarantee.

For example, an outflow does not automatically mean long-term holders have lost conviction. A governance warning does not mean a network is broken. A token unlock does not mean every released coin is being dumped at market. And a derivatives shift does not mean price must follow in a straight line. The useful part is understanding what the signal says about positioning, confidence and incentives.

What To Watch Next The next step is to watch whether the data keeps confirming the story. If the same pattern appears across follow-up flows, on-chain metrics, open interest, governance dashboards or official filings, it becomes a more durable market theme. If it fades quickly, it may end up looking like a short-term positioning scare rather than a structural shift.

That distinction is especially important in the current market. Traders are still trying to work out whether capital is truly leaving crypto, rotating into safer crypto assets, or simply sitting in stablecoins waiting for a cleaner entry. This story adds one more piece to that puzzle, but it should be read alongside broader liquidity, macro and derivatives conditions.

This report is based on information from Tokenpost and Glassnode exchange flows / IntoTheBlock address statistics.

This article was written by the News Desk and edited by Samuel Rae.

Bitcoin on Tuesday dropped below $59,000 amid sustained ETF selling and lingering extreme fear sentiment in the cryptocurrency market.

Notable Statistics:

Coinglass data shows 82,520 traders were liquidated in the past 24 hours for $269.92 million.        SoSoValue data shows net outflows of $231.1 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net outflows of $30.04 million. In the past 24 hours, top gainers include MemeCore, Lighter and Pyth Network. Notable Developments:

Trader Notes:

Trader Rekt Capital highlighted that Bitcoin appears to be setting up for a mid-summer relief rally after plunging 21% this month. He added that sharp monthly selloffs have historically been followed by short-term rebounds.

However, the trader cautioned that any gains in July could be erased in August, mirroring Bitcoin’s price action during the 2022 bear market.

Political economist Seth said Bitcoin’s drop to around $58,000 has already triggered a wave of long liquidations, but leveraged traders are quickly re-entering, adding roughly $1.16 billion in long liquidation exposure near $57,800.

He argued that if those new bullish positions are flushed out, market makers could then target the much larger $4.14 billion cluster of short liquidations around the $62,000 level.

Industry expert Follis noted Bitcoin bulls have successfully defended the $59,000 support level 10 times during June despite repeated selling attempts, underscoring strong buying interest at that price.

However, he warned that if the support finally breaks and buyers step aside, Bitcoin could quickly fall another 3% to 4% as downside momentum accelerates.

Image: Shutterstock

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The crypto market ahead of EU MiCA’s July 1 deadline remains under pressure, with total value down 0.69% to $2.05 trillion. Traders are watching BTC, ETH, XRP, and BNB Prices as Europe prepares for stricter crypto enforcement.

EU MiCA Deadline Raises Pressure on Crypto Firms The Markets in Crypto Assets (MCA) regulation is at the final stage of enforcement tomorrow. The rules stipulate that exchanges will be required to cease operations throughout the European Union if those exchanges are not approved.

MiCA provides a common ground for crypto trading, custody, and market behaviour. It’s also regarded as the initial wide crypto rulebook of the globe.

The deadline for crypto firms to be approved by MiCA has been reached and only 244 of them have obtained approval so far. Europe previously had more than 3,000 registered crypto companies.

🚨 #Crypto Firms Turn to Dubai as EU Grants Only 244 MiCA Licenses

With just 244 #MiCA licenses issued out of nearly 3,000 applicants, crypto firms are increasingly turning to Dubai as the UAE emerges as a key hub for digital asset businesses.

Meanwhile, @binance , @bitget,… pic.twitter.com/5BrPkAG0j6

— CoinGape (@CoinGapeMedia) June 30, 2026

This will cause a disruption in service for many operators, and possibly even result in operators having to suspend or withdraw from the region. The change may impact user access and Europe’s liquidity in the future.

Binance founder Changpeng Zhao said the company’s Greece license application failed due to political interference. However, analysts say that euro trading only accounts for a small part of Binance’s spot volume.

The regulatory change is also driving some of the founders to the UAE. European crypto companies are increasingly interested in Dubai’s faster licensing procedures.

Bitcoin price Bitcoin price dropped 1.49% to $59,257 on Tuesday as traders awaited the due date for the EU MiCA. The pressure was largely attributed to the withdrawal of U.S. spot Bitcoin ETFs. June was the month for more than $4.1 billion in outflows for these funds, which dampened investor enthusiasm among institutional buyers. 

Source: BTC/USDT chart Tradingview Bitcoin price now faces a decisive test around the $58,000 support zone. If bulls do a defence of that area, then the the Future Bitcoin outlook may trade sideways and regain strength. However, a break below $58,000 could open a move toward $56,000.

Ethereum (ETH) Ethereum price rebounded from $1,500 support level on Tuesday following its failure to hold above it yesterday. The token is recovering from the recent market correction in preparation for EU MiCA. 

$ETH is back into its high demand zone.

As long as the $1,500 level holds, Ethereum could have a relief rally next month. pic.twitter.com/aZAB5kt6Ez

— Ted (@TedPillows) June 30, 2026

The initial major selling resistance is around $1,600, where they may test out short-term demand. If the bounce off is stronger, it could propel Ethereum back up to $2,000 and then $2,010. If selling resumes, traders will watch the $1,500 level closely. A further decline may penetrate $1,385 that is still a medium-term support level.

XRP Price XRP price dropped by 0.80% to $1.04 as sentiment in the crypto market softened. The decline came as the Fear and Greed Index stayed at 17, signaling extreme fear. However, fresh inflows into spot ETFs helped support XRP prior to the EU’s MiCA deadline. 

Source: Sosovalue data XRP spot ETFs recorded $15.34 million in net inflows on June 29. Bitwise led the flow with $11.94-million, followed by Canary XRPC’s $3.40-million. Cumulative net inflows have now climbed to $1.485 billion. If the price of XRP continues to hold above $1.00, it might try to push towards $1.15. A close below $1.00 could raise the risk of further declines to $0.95.

Binance Coin (BNB) BNB Coin fell 0.92% to $549 amid broader market weakness. However, macro pressure brought by stronger U.S. dollar and geopolitical uncertainty, kept the buyers cautious. The $540-$550 range continues to be a crucial area of support in the lead up to EU MiCA enforcement. 

BNB price As long as BNB remains in this range, the token could continue to hold its ground. A failure to break above the range will bring this price to the forefront of consideration at $520.

Ethereum Whale Tom Lee Flags Peak Market Fear as SharpLink Buys 10,000 ETH

What to Expect From Ethereum (ETH) in July 2026

Survey: 88% of enterprises plan to adopt stablecoins within the next year, with cross-border payment costs reduced by an average of 35%.

Payment infrastructure company Cybrid has released a new survey report indicating stablecoins are rapidly gaining traction in enterprise payment scenarios. The survey found that 42% of participating enterprises already use stablecoins for cross-border payments, while 88% said they are likely or very likely to adopt stablecoins within the next 12 months—only 2% of firms stated they will continue to rely entirely on traditional payment systems. According to the report, enterprises using stablecoins save an average of 35% on cross-border payment costs, with firms processing over $100 million in monthly payments achieving an average cost reduction of 47%. Payroll and contractor payments represent the most prominent use case, followed by supplier payments, customer payments, investment and revenue management, and treasury management, among others. Additionally, 71% of respondents identified a clear regulatory framework as the primary factor driving further mainstream adoption of stablecoins, outranking considerations such as infrastructure provider credibility and system integration. The survey was conducted from April to May this year, covering 468 senior executives from tech, financial services, and e-commerce sectors in the United States, Canada, and the United Kingdom.

2 hours ago

FalconX secures EU MiCA license, allowing it to offer compliant crypto services to institutional clients in Europe.

Institutional digital asset broker FalconX announced it has obtained the EU’s Markets in Crypto-Assets (MiCA) license issued by the Malta Financial Services Authority (MFSA), enabling it to provide compliant digital asset trading, custody, liquidity and related institutional services across the European Union (EU) and European Economic Area (EEA). FalconX stated that this license allows it to operate across EU member states under a unified regulatory framework, eliminating the need for individual country-specific licenses. Currently, the firm serves over 2,000 institutional clients worldwide, including asset management firms, hedge funds, banks and family offices, with cumulative transaction volumes exceeding $2.5 trillion and over $8 billion in institutional financing disbursed. FalconX noted that as the MiCA regulatory framework is fully implemented, institutional clients’ demand for compliant trading, custody and liquidity services continues to grow, and regulatory credentials are becoming a key competitive advantage in Europe’s digital asset market.

2 hours ago

Guo Wengui sentenced to 30 years in prison in connection with a fraud case involving over $1 billion.

A US court has sentenced Miles Guo (also known as Ho Wan Kwok) to 30 years in prison. In 2024, a jury convicted Guo on multiple charges including racketeering, fraud, and money laundering, with his formal sentencing now issued. Prosecutors stated that Guo defrauded over $1 billion from global victims through a series of related scam schemes spanning five years. Notably, in 2021, he promoted the cryptocurrency project Himalaya Coin (H-Coin), claiming the tokens were backed by 20% gold reserves and promising to cover all investors’ losses, raising approximately $500 million in total. Additionally, the court previously ordered the forfeiture of nearly $900 million in Guo’s illegal proceeds, as well as his luxury mansion in New Jersey and multiple high-end vehicles. Guo had close ties to Steve Bannon, a former senior advisor to US President Donald Trump; Bannon was arrested in 2020 aboard Guo’s yacht.

2 hours ago

The first-half 2026 funding rankings have been released, with Kalshi and Polymarket raising a combined $1.8 billion.

According to statistics, the 14 largest global funding rounds in the first half of 2026 raised a total of $4.3 billion, with prediction markets, AI, and payment sectors drawing the most investor interest. Specifically, prediction market platform Kalshi topped the list with a $1.2 billion funding round, while Polymarket secured $600 million—together, the two raised $1.8 billion, accounting for over 40% of the total capital of the top 14 rounds. In the AI space, Replit, Exa AI, and OpenRouter closed funding rounds of $400 million, $250 million, and $113 million respectively. For blockchain projects, Canton Network, Arc, and Morpho raised $355 million, $222 million, and $175 million respectively. Meanwhile, payment, RWA, infrastructure, and compliance projects including Rain, Slash, Goldcom, Alpaca, and Elliptic also featured on the list.

2 hours ago

Open Standard launches stablecoin Open USD, with over 140 institutions including Visa, BlackRock, and Coinbase participating.

Open Standard has announced the launch of Open USD (OUSD), a new stablecoin for global fund flows, noting that over 140 enterprises have joined its ecosystem, including financial, payment, and crypto industry players such as Visa, Stripe, Mastercard, American Express, BlackRock, BNY, DBS, Coinbase, OKX, MetaMask, Aave, Ripple, Fireblocks, Solana, and Polygon. According to the introduction, Open USD follows three core design principles: supporting zero-cost, large-scale minting and redemption for enterprises; returning all reserve asset yields to partners after deducting a small management fee; and being governed by a board of directors composed of independent firm Open Standard and its partners, rather than controlled by a single issuer. Open Standard states that Open USD will officially launch later this year, with the goal of building an open, low-cost, high-throughput stablecoin infrastructure with a sharing economy mechanism to meet the needs of the internet economy and global enterprise-level payments.

2 hours ago

Pump.fun is discontinuing support for its tokenized agent issuance feature, stating it will focus on optimizing retail user trading experience.

Pump.fun announced it will immediately cease support for its Tokenized Agent token issuance feature. The feature will no longer be available for new token launches, though projects that have already activated it will remain unaffected. The platform noted that over recent months, consistent community feedback has pointed out that excessive issuance options have sparked unnecessary user vs. user (PVP) competition. Moving forward, Pump.fun will prioritize issuance models and product features that explicitly enhance retail trading experiences.

2 hours ago

Solana Looks More Alive and Well Than Ethereum: Here’s Why

Ethlabs Releases First-Week FAQ, Outlines Three Strategic Directions

Nonprofit organization Ethlabs released an FAQ in its first week, stating its goal is to advance Ethereum as the core of global financial infrastructure. Its current work focuses on three major directions: chain-layer scaling (including L1 execution scaling, blob scaling and faster finality), platform building (cross-chain interoperability, block construction and EVM standardization), and ecosystem growth and marketing. The team consists of five former core researchers from the Ethereum Foundation, maintaining a complementary and collaborative relationship with the Ethereum Foundation while operating as an independent nonprofit to ensure neutrality and a long-term public-interest orientation. The organization believes that ETH is highly tied to Ethereum's success, and as DeFi, asset issuance and institutional adoption grow, ETH's value-capture capability will continue to strengthen. Ethlabs has not yet disclosed a specific funding amount, but said it has secured sufficient funds to support operations for the next 2–3 years, and its community funding round remains open.

Singapore Court Orders Terraform to Pay Over US$3 Million to 40 UST Investors

The Singapore International Commercial Court has awarded over US$3 million in total damages to 40 claimants related to the collapse of TerraUSD (UST) in a fraud case against Terraform Labs and its founder Do Kwon. The second phase of the case involved 275 investors, with compensation amounts calculated based on factors such as the quantity and duration of UST held by each claimant. The court found that the defendants made fraudulent representations. This judgment is the second batch ruling for this group of collective claims, with subsequent claims and enforcement progress still to be disclosed.

BlackRock Transfers Over 7,400 Bitcoin and 8,150 Ether to Coinbase

BlackRock transferred 7,432 BTC (approx. US$446 million) and 8,150 ETH (approx. US$12.89 million) to Coinbase addresses.

Strategy Launches Digital Credit Capital Framework, Board Authorizes US$2 Billion Securities Buyback and Approves Up to US$1.25 Billion BTC Liquidation Capacity

Strategy announced the launch of a Digital Credit Capital Framework to strengthen digital credit, improve liquidity and maintain long-term bitcoin exposure. The company increased its dollar reserves to US$2.55 billion, covering approximately 17.4 months of dividends, to be used solely for dividend and interest payments and maintained at a minimum of 12 months. The STRC dividend rate was raised by 50 basis points to 12%, with a target range of US$99 to US$100. Strategy's board also authorized up to US$1 billion in digital credit securities repurchases and up to US$1 billion in Class A common stock repurchases, bringing total buyback capacity to US$2 billion. The company also approved up to US$1.25 billion in BTC liquidation capacity to supplement reserves or support capital operations. Last week, Strategy made no bitcoin purchases, keeping its holdings unchanged at 847,363 bitcoins.

BitMine Adds 27,084 ETH Last Week, Total Holdings Rise to 5.7 Million

According to an announcement, BitMine increased its holdings by 27,084 ETH last week, bringing total holdings to 5,700,040 ETH as of June 28, accounting for approximately 4.7% of Ethereum's total supply and achieving 94% of its goal to “hold 5% of ETH supply.” BitMine disclosed that the total value of its crypto assets, cash and other investments is approximately US$9.8 billion, including US$555 million in cash and securities, 206 Bitcoin, US$180 million in Beast Industries equity and US$74 million in Eightco investment. Staked ETH has risen to 4.879 million, over 85% of total holdings, with an annualized staking yield of about US$211 million, further cementing its position as the world's largest ETH reserve institution.

BlackRock's Aladdin Platform Deepens Support for Ethena's Stablecoin Products

BlackRock and Ethena Labs announced a deepening of cooperation. BlackRock's enterprise investment and portfolio management platform Aladdin will add Ethena's stablecoin USDe to its list of supported crypto assets and provide a US$100 million liquidity facility through Securitize to service BlackRock's BUIDL fund. The new arrangement allows eligible BUIDL clients to redeem BUIDL for USDC, USDtb and other stablecoins outside of market hours and swap back to BUIDL, enhancing interoperability between on-chain Treasury funds and stablecoins. USDe is a synthetic dollar that can generate higher yields, unlike USDC and USDT, which are backed by fiat reserves. BUIDL currently has a locked volume of approximately US$3 billion.

Strategy's Unrealized Losses at About US$13.262 Billion, BitMine at About US$10.397 Billion

According to statistics from Ember, bitcoin treasury company Strategy (MSTR) did not continue purchasing BTC last week, with the market focusing more on its ability to use dollar reserves for interest payments. Strategy currently holds about 847,400 BTC at an average cost basis of approximately US$75,700, resulting in an unrealized loss of about US$13.262 billion, a drawdown of roughly 20.7%. Ethereum treasury company BitMine (BMNR) last week added 27,084 ETH at about US$1,648, bringing total holdings to roughly 5.7 million ETH at an average cost of around US$3,399, with an unrealized loss of approximately US$10.397 billion and a drawdown of about 53.6%.

U.S. Senator Mark Warner to Introduce AI Agent Draft Legislation, Regulatory Focus Shifts to Agent Systems

U.S. Senator Mark Warner plans to release a discussion draft related to AI on Monday, focusing on the fast-growing field of "AI agents." The U.S. Congress has already proposed dozens of AI-related bills covering deepfakes, model safety and other areas, and this draft extends regulatory focus further to the cutting-edge domain of AI agents. According to reports, compared with conversational applications like ChatGPT and Claude, AI agents are becoming a key form driving AI technology growth and capital investment, widely used in customer service systems, automated task processing and various online service scenarios, becoming an important development direction for the next phase of the AI industry.

U.S. Supreme Court Refuses to Allow Trump to Remove Fed Governor Lisa Cook

The U.S. Supreme Court ruled 5-4 to allow Federal Reserve Governor Lisa Cook to remain in her position for now, with the removal dispute between her and President Donald Trump to continue through the judicial process. Trump had previously sought to dismiss her based on unsubstantiated mortgage fraud allegations. The case is seen as a key legal test of whether a U.S. president can directly intervene in Fed personnel matters and influence the central bank's independence. The Supreme Court's decision provides legal protection for Cook to retain her position until the case is finally decided.

MiCA About to Take Effect: Millions of EU Users May Be Forced to Switch Trading Platforms

The EU's Markets in Crypto-Assets Regulation (MiCA) will fully take effect on July 1. The European Securities and Markets Authority (ESMA) requires crypto-asset service providers that have not obtained a MiCA license to cease or restrict services in the EU and assist users in transferring assets or self-custody. SwissBorg senior executive Alex Fazel said that this compliance deadline could force over 10 million European users to find new platforms. The CEO of OKX Europe estimates that up to 80% of the roughly 3,000 existing virtual asset service providers in Europe may be unable to continue operations after the new rules take effect. Meanwhile, platforms such as Coinbase and OKX that are compliant or applying for licenses are attracting affected users through deposit and transfer rewards.

Chainalysis Launches Draft Blockchain Tracing Standard

Blockchain analytics firm Chainalysis has released a blockchain tracking ontology proposal, aiming to establish an industry standard for on-chain address clustering and tracing. The document breaks down "cluster" into more granular structures such as "wallet fragments" and proposes a two-layer framework: the first layer constructs an address relationship graph, and the second layer annotates analysis confidence levels, helping law enforcement and prosecutors determine whether the data can be used in cases. Chainalysis bases its proposal on hands-on experience from the U.S. Department of Justice money-laundering case against Roman Sterlingov, co-founder of the mixing service Bitcoin Fog, where the judge deemed its Reactor tool "highly reliable" following a Daubert hearing. The company stressed that on-chain analysis alone cannot directly identify end-user identities and must be combined with offline information such as court subpoenas, and called on the industry to maintain independent review and feedback on its methodology.

UK FCA releases final crypto regulatory framework, mandatory licensing regime to take effect in October 2027

The UK Financial Conduct Authority (FCA) finalized a comprehensive crypto regulatory framework on Tuesday, with the mandatory authorisation regime taking effect on October 25, 2027. The framework covers prudential requirements, market abuse supervision and stablecoin standards, applying to crypto trading platforms, custodians, stablecoin issuers, lending and staking service providers, and certain DeFi firms with identifiable controlling entities. Firms may apply for authorisation between September 30, 2026 and February 28, 2027; existing anti-money laundering registrations will not automatically convert. On trading platform rules, the FCA requires UK qualifying crypto asset trading platforms to conduct due diligence, meet admission criteria and publish disclosure documents, while removing the previous exemption that allowed fungible crypto assets to be listed without a disclosure document. Market abuse rules cover insider trading and market manipulation. For stablecoins, the FCA removed the obligation to forecast redemptions of reserve assets, permitted limited intragroup custody arrangements, and lowered the K-SII capital factor for stablecoin issuance from 2% to 1%. Crypto assets on qualifying platforms will be subject to a uniform 40% net exposure requirement and a 40% counterparty default volatility adjustment. FCA Executive Director of Payments and Digital Finance David Geale called the framework a major milestone for UK crypto regulation, providing regulatory certainty while preserving room for innovation.

MSTR and STRC both close up over 12%, edge higher after hours

Market data shows Strategy Class A common stock MSTR closed at $92.68 on Monday, June 29, up 12.60% on the day; after-hours price $93.25, up 0.61%. Strategy perpetual preferred stock STRC closed at $83.67 on June 29, up 12.20%; after-hours price $83.76, up 0.11%. Earlier yesterday, Strategy launched a digital credit capital framework, with the board authorizing $2 billion in securities buybacks and approving a facility to monetize up to $1.25 billion in BTC.

BNY Mellon and Circle expand partnership, add USDC minting and redemption functionality

BNY Mellon (BNY) and Circle Internet Group have expanded their partnership, adding USDC minting and redemption capabilities to its digital asset custody platform. Institutional clients can now hold USDC in BNY digital wallets and direct the bank to execute two-way conversions between USD and USDC. USDC becomes the first stablecoin supported on the platform; BNY said it will gradually support additional stablecoin issuers, initially supporting USDC on Ethereum and Solana. BNY was already the primary custodian for USDC reserves, and the new service creates a seamless bridge between traditional fiat and digital assets.

JPMorgan warns yield-bearing stablecoins could morph into 'shadow banks,' calls for tougher regulation

JPMorgan Global Co-Head of Payments Umar Farooq and CEO of Digital Asset & Blockchain Solutions Peter Muriungi jointly published an article calling for a comprehensive U.S. regulatory framework for digital assets, though without directly mentioning the Clarity Act. The two noted that tokenization and programmable money bring innovation opportunities for global payments and 24/7 settlement, but warned that allowing stablecoins to pay yield could cause the innovation to slide into the "shadow banking" realm. The banking sector widely believes that yield-bearing stablecoins could squeeze bank deposits and threaten credit. Farooq and Muriungi stressed that offering "rewards" or "cashback" on balances without the regulatory standards of traditional deposit products would exacerbate consumer confusion and run risk, and that stablecoins should adhere to the same regulatory standards as deposit products while ensuring AML tools are not overlooked.

U.S. SEC issues final judgment in NanoBit crypto fraud case, fines exceed $5 million

The U.S. Securities and Exchange Commission (SEC) has issued a final judgment against crypto platform NanoBit, with the parties ordered to pay over $5 million in penalties. The case was originally filed in September 2024 under the Biden administration, with the SEC alleging that NanoBit and related individuals impersonated financial professionals in WhatsApp groups to gain investors' trust between September 2023 and June 2024, inducing them to invest in NanoBit and falsely claiming its affiliate was an SEC-registered broker. The SEC said the purported financial professionals promoted fake initial coin offerings, but no trades occurred on the NanoBit platform, and investor funds actually flowed to scam participants — over $2 million was wired to Hong Kong bank accounts, and hundreds of thousands of dollars in crypto assets were misappropriated. The SEC also issued an investor alert warning that fraudsters use social media and instant messaging apps to perpetrate investment scams.

Housing bill containing CBDC ban sent to Trump, 10 days to sign or veto

U.S. House Speaker Mike Johnson on Monday sent the housing bill containing a CBDC ban (through 2030) to President Trump, who has about 10 days to sign, veto or pocket the legislation.

FG Nexus sells another 3,375 ETH, cumulative losses exceed $86.8 million

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Ethereum price today: $1,580BitMine acquired 27,084 ETH last week following its inclusion in the Russell 1000 index.ETH ETFs recorded a seventh straight week of outflows and their largest weekly negative flow since January.ETH briefly recovers to $1,600 but faces key descending trendline resistance.Ethereum (ETH) treasury firm BitMine Immersion slowed the pace of its accumulation of the top altcoin following increased weakness across the crypto market.

The Las Vegas-based firm purchased 27,084 ETH last week, increasing its total holdings to 5.7 million ETH worth $9.22 billion at the time of writing. Last week's purchase represents its fourth-lowest so far this year.

BitMine also increased its staked assets by 160,480 ETH during the period. Its total staked ETH is now at 4.879 million ETH, earning annualized staking revenue of $211 million.

The move comes as ETH continues to experience strong risk-off sentiment across the board. Last week, US spot Ethereum exchange-traded funds (ETFs) recorded a seventh consecutive week of net outflows and their largest negative flow since January worth $273.3 million, per SoSoValue data. The products are currently in their longest weekly outflow streak.

"This past week was a challenging one for crypto investors as ETH fell by 8%, even as Ethereum witnessed notable positive developments such as the creation of Ethlabs, and even the Bank of England softened its stance around stablecoins," said BitMine Chairman Thomas Lee in a Monday statement. "We are nearing quarter-end for June, and it is not surprising to see ‘window dressing’ leading to investors reducing their holdings in assets which have fallen in the past 3 months."

Meanwhile, BitMine was added to the Russell 1000 Large Cap index last week following the index's annual reconstitution. The company claims the Investment Company Institute (ICI) estimates that 20% of a company's shares are held in passive funds and ETFs.

“Being added to the Russell 1000 is expected to add hundreds and possibly thousands of additional institutional investors as equity owners of BitMine,” added Lee.

Last week, BitMine, together with ETH treasury SharpLink, also announced that it will fund the recently launched Ethereum research and development non-profit Ethlabs.

BitMine shares closed trading with a 1.77% gain on Monday, but remained below its net asset value.

Ethereum Price Forecast: ETH struggles at descending trendline resistanceOn the daily chart, ETH is extending its bearish bias, with price remaining well below the 20-, 50- and 100-day Exponential Moving Averages (EMAs), clustered between roughly $1,670 and $2,004.

The top altcoin remains trapped beneath the descending resistance trendline, with the break level near $1,626, while momentum indicators stay soft: the Relative Strength Index (RSI) at 35 and the Stochastic at 26 both hint at lingering downside pressure, with only modest signs of stabilization.

On the topside, initial resistance is seen at the trendline break area around $1,626, followed by the 20-day EMA at $1,670 and the horizontal barrier at $1,741. A sustained recovery above $1,806 and the 50-day EMA at $1,826 would be needed to ease the current bearish tone, with further hurdles at $1,909 and the 100-day EMA at $2,004.

ETH/USDT daily chartOn the downside, immediate support is near $1,524, ahead of a deeper floor at $1,404, while a break below $1,155 would expose a more pronounced medium-term bearish extension.

(The technical analysis of this story was written with the help of an AI tool.)

Key Highlights Bitmine purchased 27,084 ETH in the previous week, deploying approximately $43 million at a mean cost of $1,569 per coin. The firm’s Ethereum reserves now total 5.7 million ETH, representing 4.7% of circulating supply, approaching its strategic 5% objective. On June 26, Bitmine secured membership in the Russell 1000 Index, positioning itself for increased institutional capital inflows. BMNR shares advanced 1.7% on Monday, settling at $13.80, despite experiencing a 9% decline across the preceding five trading days. Combined cryptocurrency reserves, liquid assets, and strategic investments total $9.8 billion. Shares of Bitmine Immersion Technologies (BMNR) climbed 1.7% during Monday’s session, finishing at $13.80. This uptick followed a challenging week where the equity declined 9% amid widespread weakness in Ethereum prices.

Bitmine Immersion Technologies, Inc., BMNR

The Ethereum-focused treasury firm expanded its holdings by acquiring over 27,000 ETH during the past week. This strategic accumulation required an investment of approximately $43 million, executing at a mean price of $1,569 per coin.

Current Ethereum reserves at Bitmine have surpassed 5.7 million ETH. This position represents 4.7% of the total 120.7 million token supply currently in circulation.

Bitmine Adds 27,084 ETH, Holdings Reach 5.70 Million ETH

Bitmine announced it acquired an additional 27,084 ETH over the past week, bringing its total holdings to 5.70 million ETH, equivalent to 4.7% of Ethereum’s total supply. The company also reported $555 million in cash… pic.twitter.com/spsaKyN9M8

— Wu Blockchain (@WuBlockchain) June 29, 2026

Company Chairman Tom Lee has publicly established an ambition to control 5% of all circulating Ether. The organization refers to this strategic objective as achieving the “alchemy of 5%.”

Major Index Addition Milestone Bitmine formally entered the Russell 1000 Index on June 26. This benchmark monitors the top 1,000 publicly traded American corporations by market capitalization.

According to Lee, this inclusion may attract hundreds or potentially thousands of institutional investment entities. Numerous mutual funds, exchange-traded products, and retirement portfolios benchmark against the Russell 1000 and face mandates to acquire constituent securities following index additions.

Additional cryptocurrency-related enterprises achieved index milestones during the same period. Sharplink, Forward Industries, Gemini, and Galaxy Digital secured Russell 3000 membership on Friday.

Lee referenced academic studies indicating passive investment vehicles may eventually hold as much as 25% of a security’s outstanding shares following major index incorporation. This phenomenon explains why corporations closely monitor annual reconstitution schedules.

Ethereum Market Volatility Market conditions presented challenges alongside positive developments. Ethereum declined 8% throughout the week, temporarily trading beneath the $1,600 threshold.

Lee attributed portions of the selling pressure to quarterly “window dressing” activity, where portfolio managers reduce exposure to recent underperformers. He acknowledged Ethereum’s negative performance across the past ninety days.

Nevertheless, Lee highlighted several encouraging indicators. He referenced the launch of Ethlabs and increasingly favorable stablecoin regulations from the Bank of England as constructive catalysts for network growth.

In addition to its Ethereum position, Bitmine maintains 206 Bitcoin, a $180 million equity stake in Beast Industries, and $74 million invested in Eightco Holdings. When combined with $555 million in cash and liquid securities, aggregate holdings total $9.8 billion.

The organization has staked approximately 4.9 million ETH via its MAVAN infrastructure. At prevailing market rates, this represents roughly $7.7 billion, with Bitmine forecasting annual staking income approaching $211 million from these assets.

Bitmine maintains its position as the world’s preeminent Ethereum treasury operation. Among all cryptocurrency treasuries globally, it ranks second, behind only Strategy Inc., which controls 847,363 Bitcoin valued near $50 billion.

Trading metrics underscore Bitmine’s market significance. Through June 26, the stock registered average daily trading volume of $643 million across the trailing five-day period, placing it 240th among all domestically listed securities.

On June 10, Bitmine successfully completed an offering of 9.50% Series A Preferred Stock, generating net capital of approximately $273.8 million. These preferred shares currently trade on the NYSE under ticker symbol BMNP, distributing weekly dividend payments.

Bitmine earned recognition on the Fortune 100 Crypto List announced June 11. The methodology combines quantitative analysis from Inca Digital with qualitative assessments from cryptocurrency sector specialists.

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Ethereum has fallen another 7% this week, extending its monthly losses to nearly 22%, now trading at around $1587. But while the price continues to struggle, Bitmine Chairman Tom Lee believes the recent decline has nothing to do with the ETH Price drop. Here’s why!

Despite this, Bitmine has continued buying Ethereum, bringing its holdings close to controlling 5% of the entire ETH supply.

Tom Lee Blames Quarter-End Selling, Not Ethereum WeaknessIn a recent press release, Tom Lee said that the recent decline in Ethereum price is largely driven by “window dressing,” a quarter-end strategy where fund managers reduce exposure to assets that have performed poorly before the quarter ends.

“This past week was a challenging one for crypto investors as ETH fell by 7%,” explaining that such selling is common as institutional investors rebalance portfolios before quarterly reporting.

Ethereum has dropped nearly 22% over the past month, slightly worse than Bitcoin’s 19% decline.

Despite all, Lee believes the long-term outlook remains positive for the Ethereum price. According to him, Wall Street’s growing shift toward blockchain infrastructure, along with the rise of AI-powered payment systems, continues to strengthen Ethereum’s future.

Bitmine Keeps Buying Despite Ethereum’s FallWhile the Ethereum token price continues to fall, Bitmine is showing no signs of stopping, as they continue to buy more Ethereum.

Last week, the company purchased another 27,084 ETH, increasing its total holdings to 5,700,040 ETH, valued at nearly $9 billion. That now represents roughly 4.7% of Ethereum’s entire circulating supply, putting Bitmine just 0.3% away from its long-term goal of owning 5% of all ETH.

Lee remains confident that Ethereum’s long-term outlook is improving despite the current price weakness.

“We’re in a period where price is lagging fundamentals.” “Ethereum has gained additional assets.”

He pointed to growing real-world asset tokenization on Ethereum, increasing blockchain adoption, and the role Ethereum could play in powering both Wall Street’s digital infrastructure and future AI-based payment systems.

Whale Selling Keeps Pressure on ETHMeanwhile, Crypto analyst Ali Martinez reported that Ethereum whales sold nearly 550,000 ETH, worth around $880 million, over the past week. The heavy selling pushed ETH below the important $1,633 support level.

According to Martinez’s analysis, Ethereum is now testing support around $1,583. 

If buyers fail to defend that level, Martinez sees the next major demand zones near $1,237 and $1,089.

Story Ends Here

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According to monitoring by Onchain Lens, the Ethereum Foundation has staked 4,938 ETH (valued at $7.86 million) via Lido, and may stake more.

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Ethereum, the second-largest cryptocurrency, has underperformed so terribly that virtually all recent long-term holders are now in the red.

ETH prices have plunged to levels not seen since early 2021 (before the launch of spot ETFs in the US and major network upgrades). 

Gains erased Trader and analyst Jesse Olson shed light on the staggering on the staggering data. 

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Olson noted that the ETH monthly chart is about to print a lower low as the price firmly closes below key monthly support levels. The leading altcoin is an incredible "8 of the last 10 monthly candles have been red."

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ETH has also recorded several unprecedented bearish signals on top of that. The altcoin has recorded a downward-sloping 200-week SMA for the first time ever. Moreover, there is a double top with a lower high. 

The price of the BTC rival has returned to the early 2021 levels despite the launch of exchange-traded funds, the Merge, and a huge bull cycle. 

More pressureAccording to blockchain tracking account Onchain Lens, deep-pocketed traders are actively shorting the asset. "A gambler whale '0xa6e' has opened a new 22,000 $ETH short position with 25x leverage, valued at $35M," Onchain Lens reported today.

Ethereum's grim price action is heavily tied to a series of compounding issues. 

The much-hyped spot ETFs have now turned into a persistent headwind. The ETFs have recently suffered severe and consistent net outflows. Institutional demand has cooled dramatically. 

Ethereum is also suffering from the consequences of its own scaling roadmap. After the Dencun upgrade, Ethereum's base layer (Layer-1) revenue plummeted. 

Moreover, the Ethereum Foundation is currently facing major financial issues as well as an ongoing exodus of developers. 

However, as reported by U.Today, Fundstart's Tom Lee, who is also the chairman of top ETH Bitmine Technologies, remains optimistic in the long-term, recently warning panic-sellers not to make any hasty decisions. 

Ethereum traded around $1,579.64 on June 30, holding near a support area that has become important for short-term traders. 

Summary

Ethereum trades near $1,580 as eight of its last ten monthly candles remain red now. Falling open interest shows traders reduced leverage, but spot ETF outflows still pressure ETH demand. Technical indicators show early stabilization, yet ETH needs $1,700 to $1,800 to confirm strength again. Crypto.news data showed ETH up 0.49% over 24 hours, while the token remained down 6.22% over seven days. Its 24-hour range stood between $1,559.22 and $1,630.03, with trading volume near $11.49 billion.

The move keeps ETH close to the same $1,500 to $1,600 zone that has shaped recent price action. Ethereum recently traded around $1,580 after several days of sideways movement between roughly $1,550 and $1,600. ETF selling and weak market sentiment kept recovery attempts capped near the $1,600 area.

Ethereum remains the second-largest crypto by market value, but the current chart shows a weak long-term setup. Crypto.news data placed ETH’s market cap at about $190.62 billion, while the token remained 68.06% below its Aug. 24, 2025 all-time high of $4,946.05.

Ethereum monthly chart points to weak trend Trader Jesse Olson said Ethereum’s monthly chart was close to printing a lower low because price was closing below monthly support. He also said, “8 of the last 10 monthly candles have been red.” That reading adds to concern that ETH has not yet formed a clean long-term reversal.

$ETH monthly chart is about to print a lower low as price is closing below monthly support.

8 of the last 10 monthly candles have been red.

If you bought Ethereum anytime in the past 5+ years and did not sell to realize a gain, then your purchase is underwater. https://t.co/R0ia3GKnKh pic.twitter.com/1MNxhjAdRB

— Jesse Olson (@JesseOlson) June 30, 2026 Olson also argued that many long-term Ethereum buyers remain underwater unless they already sold to lock in gains. His view reflects the scale of ETH’s drop from its 2025 peak and the failure of several recovery attempts since then.

Daan Crypto Trades also focused on the same weak structure. He said ETH has failed several attempts to reclaim previous support levels and added that a move back above $1,750 would be the first sign of strength on higher time frames.

That level now sits above the current trading range. If ETH cannot hold the $1,500 area, traders are likely to watch the April 2025 lows as the next downside zone. If buyers reclaim $1,700 to $1,800, the market would have a stronger base for recovery.

Ethereum leverage reset lowers crowded risk CryptoQuant analyst Amr Taha said Ethereum derivatives positioning has reset across major exchanges. Binance ETH open interest dropped to about $1.95 billion on June 30, its lowest level since February, while Gate.io open interest fell to a chart low near $1.84 billion.

Ethereum multi exchange open interest, source: CryptoQuant analyst Amr Taha The Gate.io reading sits below the $2.67 billion level seen on April 11, 2025, when ETH traded near $1,570. That means Gate.io leverage is now roughly 31% lower than it was during that earlier market-bottom period, according to the analyst’s data.

Combined open interest on Binance and Gate.io has fallen to about $3.79 billion. Lower open interest means fewer leveraged positions are crowding the market. It can reduce forced selling risk, but it does not create demand by itself.

The reset gives ETH a cleaner derivatives setup than earlier in the year. Still, traders have not yet shown enough spot demand to push the token back above higher resistance. That leaves Ethereum in a fragile zone, with lower leverage but weak trend control.

Spot demand rises as ETF outflows continue CryptoQuant analyst Abdullah Zia said Ethereum spot activity is increasing relative to leveraged trading. He said this can show that whales and longer-term investors are buying ETH through spot markets rather than chasing short-term leverage.

That signal gives bulls one positive data point. It suggests some buyers may be accumulating while derivatives traders step back. A spot-led recovery usually has stronger footing than a leverage-led rally because it is less exposed to liquidation cascades.

At the same time, U.S. spot Ethereum ETFs remain a source of pressure. As reported by crypto.news, spot Ethereum ETFs recorded $273 million in net outflows during the week ending June 26, marking seven straight weeks of withdrawals. BlackRock’s ETHA accounted for $236 million of those outflows.

ETF outflows matter because fund redemptions can force issuers to sell underlying Ether. That selling has repeatedly limited recovery attempts near $1,600. Ethereum ETF outflows also weighed on ETH earlier in June while macro pressure and weak technicals kept the token close to support.

Technical indicators show early stabilization The RSI stood near 35.16, slightly below its moving average near 36.56. That shows weak momentum. The reading is not in deep oversold territory, but it remains well below the neutral 50 level.

MACD showed mild improvement. The histogram was positive near 2.52, while the MACD line near -74.94 sat above the signal line around -77.46. That means bearish momentum has eased, though both lines remain below zero.

Ethereum price chart, source crypto.news These indicators point to early stabilization, not a confirmed recovery. ETH still needs stronger buying volume, a move above $1,700 to $1,800, and RSI above 50 before the trend improves.

As reported by crypto.news, Ethereum’s weak price action contrasts with long-term fundamentals, including high staking participation, corporate treasury holdings and spot ETF assets. The same report noted that ETH remained below key moving averages while its ETH/BTC ratio sat near multi-year lows.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Leading cryptocurrencies pared losses Monday, while stocks closed higher as investors priced in a further easing of tensions between the U.S. and Iran following weekend hostilities.

Crypto Market Recoups LossesBitcoin rose in the early trading hours, but failed to cross the $61,000 barrier. Trading volume surged 82% over the last 24 hours. Ethereum rallied in the afternoon, hitting a high of $1,633 intraday before slipping back below $1,600.

Over $300 million was liquidated from the cryptocurrency market in the last 24 hours, with short traders facing the majority of the losses, according to Coinglass data

Bitcoin’s open interest increased modestly by 0.80% over the last 24 hours. Interestingly, retail and whale derivatives traders on Binance lowered their long positions in the leading cryptocurrency.

"Extreme Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

The global cryptocurrency market capitalization stood at $2.2 trillion, following a dip of 0.79% over the last 24 hours.

Stocks Rally Ahead Of Doha MeetingStocks started the new trading week on a high. The Dow Jones Industrial Average rallied 306.63 points, or 0.59%, ending at 52,182.74. The S&P 500 lifted 1.18% to close at 7,440.43, while the tech-heavy Nasdaq Composite rose 2.07% to settle at 25,820.14.

President Donald Trump said that a meeting with Iran is scheduled for Tuesday in Doha, Qatar. The discussions are reportedly aimed at managing the Strait of Hormuz and reducing tensions after weekend exchanges of attacks between the two sides.

Where Is Bitcoin Headed?On-chain analytics firm CryptoQuant noted that Bitcoin’s Long Term Holder Spent Output Profit Ratio was approaching 1—a historically rare condition that has marked “generational buying opportunities.”

The metric is used to determine whether investors who have held their Bitcoin for more than 155 days are selling at an aggregate profit or loss. The current reading indicates long-term holders are moving coins at or near a loss.

Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, said that Bitcoin has started the week well, forecasting a “very likely” breakout above $61,000.

“The bullish divergences are still applicable here, indicating that there’s the upside ready to come,” Van De Poppe said.

Photo Courtesy: PJ McDonnell on Shutterstock.com

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