XRP Trapped Near $1.00: Record U.S. spot ETF inflows of $116.74 million fail to spark a rally, leaving XRP vulnerable to a drop toward $1.05 unless Washington's upcoming Senate vote on the CLARITY Act triggers a reversal.Bitcoin Eyes $91,150: Despite losing $1.26 billion in weekly ETF outflows, BTC successfully tested its middle Bollinger Band support at $75,029, setting up a potential squeeze toward the $91,150 zone as market dominance rises.Hyperliquid Flips Dogecoin: HYPE surged 46.68% to hit a $16.03 billion market cap, pushing DOGE to 10th place due to a massive $1.16 billion trading-fee buyback engine and aggressive institutional ETF inflows.Millions in ETFs are not saving XRP: Why the $1.05 level is working like a magnetWhile major funds are aggressively buying XRP ETFs in the United States, the token's price chart keeps pulling the price toward the psychological $1 mark. Behind the scenes, however, a powerful political trigger is building up, one that could finally break this bearish trend.
The anomaly of the current moment is most visible in how U.S. spot XRP ETFs recorded their largest capital inflow of 2026 as per SoSoValue, an impressive $116.74 million. Logically, this should have led to a rally, but instead the token's price has fallen by 0.16% since the start of May.
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Institutional millions simply dissolved in the broader skepticism of the crypto market, proving that ETFs alone are currently unable to push prices higher.
XRP price action in May 2026 with net US ETF inflows, Source: SoSoValueThis impotence of buyers is exactly what redirects attention to the weekly chart by TradingView, where a classic technical drama is unfolding. Every weekly close below the middle Bollinger Band cuts off the chances of a bullish comeback, turning the lower band at $1.0596 into an irresistible price magnet. In conditions where the market is moving by inertia, this pull makes a drop toward the round number the most likely scenario for the coming weeks.
The only thing capable of keeping XRP from falling toward $1 is Washington. The market is waiting for a full U.S. Senate vote on the CLARITY Act, which is expected in June, with potential approval by July 2026.
Earlier, XRP had already proven its sensitivity to regulatory news, becoming the top gainer after the successful Banking Committee vote of 15-9. But since that rally turned out to be short-lived, the token remains defenseless against broader market trends until June.
If Bitcoin declines, XRP will not hold its current positions and will head for a meeting with the $1.05 level.
Why Bitcoin is aiming for $91,150 despite altcoin panicAt the same time, amid a local flight from U.S. Bitcoin ETFs and tectonic changes in the Middle East, Bitcoin has entered maximum autonomy mode. While most altcoins are updating local lows, the main cryptocurrency is playing its own game on the weekly chart.
The successful test of the middle Bollinger Band around $75,029 did not simply save the market from panic. It kept alive the ambitious squeeze scenario toward the upper boundary of the indicator, in the $91,150 zone.
This technical strength looks especially paradoxical when looking behind the scenes of exchange order books. Right now, U.S. spot Bitcoin ETFs are recording their sixth consecutive day of net outflows, losing an impressive $1.26 billion over the week under pressure from sales in BlackRock's IBIT fund.
However, the market found the strength to absorb this massive supply overhang.
Bitcoin weekly price chart within Bollinger Bands, Source: TradingViewThe fact that BTC remained above the critical moving average turns ETF pessimism into a powerful contrarian signal. While retail investors panic-sell into cash, smart money is using the Bollinger Bands as a reinforced concrete slab for position accumulation.
At the same time, a harsh process of natural selection is starting in the crypto market. While Bitcoin withstands the storm, XRP and a group of leading altcoins are capitulating, breaking their 200-day supports in pairs against BTC. This divergence points to an inevitable liquidity flow and a rapid rise in Bitcoin dominance.
The catalyst for this separation is the changing macroeconomic background. Investors are beginning to realize that the nearly agreed peace deal in the Middle East is not just a local de-escalation, but a factor that changes the rules of the game. The oil market, which insiders had been shorting long before the official headlines, is already pricing in de-escalation.
But for this positive factor to turn into a sustainable rally in stock markets, the world needs official statements and, more importantly, a full unblocking of the Strait of Hormuz, which is restraining global inflation.
Buybacks and ETFs lift Hyperliquid above DogecoinHyperliquid's token, HYPE, has climbed to 9th place in the global cryptocurrency ranking by CoinMarketCap, pushing Dogecoin (DOGE) down to 10th. The historic reshuffling happened after HYPE broke above $63, hitting a $16.03 billion market cap against $15.95 billion for the memecoin leader.
This flip represents a clash of market philosophies: the speculative power of community versus strict mathematical tokenomics. While DOGE relies on retail loyalty and is consolidating near $0.103, HYPE deployed institutional capital and DeFi automation to soar 46.68% over the past seven days.
The main driver is Hyperliquid's unique DeFi flywheel. Unlike DOGE, which depends on external news triggers, HYPE is backed by continuous algorithmic buying pressure. Through its Assistance Fund, the protocol automatically directs 97% of all trading fees to buy back HYPE from the open market, a sum that has already crossed a colossal $1.16 billion.
Hyperlquid (HYPE) vs Dogecoin (DOGE) market cap dynamic since start of May 2026, Source: TradingViewThis internal demand coincided with aggressive supply absorption by trading firms (DATs). The PURR fund alone helped lock up roughly 10% of HYPE's market supply using TWAP algorithms. These players carry massive weight: PURR is armed with a $1 billion credit line, and its shares even replaced Solana and XRP ETFs on Goldman Sachs' balance sheet in Q1 2026.
This traditional finance expansion was cemented by newly launched spot ETFs from 21Shares and Bitwise, which pulled in $57 million in net inflows in a single week.
Nevertheless, it is too early to write off Dogecoin. It holds a trump card of inertial strength and whale support. While HYPE stormed all-time highs, large wallets holding 10M–100M DOGE accumulated over 525 million coins in a week, building a heavy price shield around $0.1.
Crypto market outlook: Bitcoin ignores panic ahead of Memorial DayBitcoin is holding above $77,000 after a V-shaped rebound from the $75,000 level. While retail investors panic over $1.26 billion in weekly ETF outflows, a process of natural selection has started in the market: capital is massively fleeing falling altcoins into BTC, accelerating its market dominance.
Key checkpoints:
Bitcoin price and on-chain: The local growth trigger is progress in diplomatic negotiations in the Middle East. While spot ETFs are applying selling pressure, strong hands are using the consolidation for aggressive position accumulation.American Reserve Modernization Act (ARMA): A major bipartisan bill on a strategic Bitcoin reserve under the U.S. Treasury has been submitted to the House of Representatives. Agencies will be required to transfer all seized coins into centralized custody for at least 20 years. BTC sales will be allowed only to repay government debt.Institutional inflows: The capital rotation is confirmed by first-quarter reports. Bank of America, the second-largest bank in the United States, increased its stake in the IBIT fund to $37 million while liquidating positions in ETH and Solana.Macro shock on May 28: The main focus of the week is the release of April Core PCE. Against the backdrop of cheaper oil, markets are waiting for softer Fed rhetoric. A short-term pause in liquidity will come from Memorial Day in the United States on May 25, when U.S. exchanges and ETF trading will be fully closed. You Might Also Like
XRP faces a three-way test this week. An XRPL pilot in Uganda just launched, Binance spot liquidity hit a January 2020 low, and the daily chart now compresses inside a tightening symmetrical triangle near key support.
The altcoin traded near $1.33 on May 26, down 2.1% on the day. Price now tests the lower trendline of a symmetrical triangle, where adoption news and weakening market structure collide.
Uganda Pilot Pushes XRPL Into Genomic IdentityDNA Protocol confirmed on Tuesday that its Uganda pilots process genomic identity data from certified labs. The system generates zero-knowledge proofs and anchors them on the XRP Ledger Testnet.
DNA Protocol positions the design as a privacy-preserving way to validate genetic credentials without exposing the raw data. Uganda’s pilot routes lab outputs into proofs that any verifier can check on XRPL Testnet, the team said.
Uganda is now running pilot programs through DNA Protocol, processing genomic identity data from certified labs and generating zero-knowledge proofs anchored on the #XRPL Testnet. 🇺🇬
Mainnet deployment will utilize the $XDNA $XRP dual burn mechanism.
For further information on… pic.twitter.com/bUfh3SsPOq
— DNA Protocol (@DNAOnChain) May 26, 2026 Mainnet deployment will run through a dual burn mechanism between XDNA and XRP, the project said on X. The XDNA token serves as the native unit for protocol fees, and the dual burn ties it directly to XRP supply mechanics.
The pilot aligns with a wider push to position the XRP Ledger as institutional infrastructure. Earlier work on institutional XRPL privacy already brought zero-knowledge payment rails to the testnet for developers.
Binance XRP Liquidity Sinks to a Five-Year LowThe 30-day liquidity index for XRP on Binance fell to roughly 0.043, according to CryptoQuant data. That marks the lowest reading since January 2020 and reflects a sharp drop in market depth on the exchange.
Between 2022 and 2024, the same index frequently ran above 3, and at times above 4. Heavier trading flows during that stretch coincided with the previous bull cycle and stronger speculative interest in XRP.
The drop toward zero began in early 2025 and has held for months. That trend parallels broader XRP liquidity concentration risks across major venues.
XRP’s price also reached new highs in 2025, while liquidity had already trended toward the floor. That divergence often precedes wider price swings once trading flows return.
CryptoQuant noted that thin order books amplify the impact of large orders. Periods of thin liquidity often coincide with sharper intraday wicks and weaker support absorption.
“Liquidity at these low levels could make the market more sensitive to sudden price movements, as large orders may have a greater impact on price.”
XRP Binance liquidity / Source: CryptoQuantTriangle Compression Tilts Bearish Near $1.17 SupportThe XRP/USDT daily chart on Binance shows a symmetrical triangle pattern that has guided price action since February 6. The upper trendline descends from a $1.70 swing high, and the lower trendline rises off the $1.17 February low.
Both bounds match Fibonacci retracements from the prior leg. The $1.7045 level marks the 0.618 retracement, while $1.1729 sits at the 0.786 retracement.
Price has just broken under the $1.40 zone that held since March. It now presses the lower triangle trendline near $1.33.
XRP daily chart / Source: TradingViewThe Relative Strength Index sits in the mid-30s to low-40s, signaling fading momentum without oversold readings. Bollinger Band Width Percentile prints near multi-year lows, confirming the XRP volatility squeeze flagged in earlier sessions.
Daily volume has remained subdued during the recent slide. No clear capitulation candle has printed on the move below the $1.40 zone.
The current lean tilts breakout odds toward the downside. A confirmed daily close below $1.17 would open the path toward deeper retracement levels.
What to Watch Next for XRPThe setup combines drained liquidity, a coiled chart, and a fresh utility hook into a single decision point. Whether the Uganda pilot translates into network demand or the triangle breaks lower may shape the next leg.
The XRP May trajectory is likely to pivot on the next confirmed close above $1.40 or below $1.17.
Bitmine has made its largest Ethereum (ETH) buy of the year during the recent market dip, reaffirming the firm’s bullish outlook on the leading altcoin and continued accumulation strategy.
Bitmine Ramps Up Ethereum Purchases On Tuesday, Bitmine Immersion Technologies, the world’s largest Ethereum treasury, announced its largest purchase since December 2025, having acquired roughly $238 million in ETH over the past week.
In its latest update, the company shared it purchased 111,942 ETH during the recent market pullback, which sent the King of Altcoins below $2,200. Bitmine’s Chairman, Tom Lee, affirmed that last week’s correction represented “an attractive opportunity” to increase the company’s holdings.
“We continue to expect a supercycle ahead for crypto and Ethereum, driven by the dual drivers of Wall Street tokenization and agentic-AI. And thus, we continue to steadily acquire ETH, with Bitmine now owning nearly 5.4 million ETH tokens,” stated Lee.
Now, the company’s crypto and cash holdings have reached $12.3 billion at current prices, comprised of 5,390,404 ETH at $2,134 per token, 203 Bitcoin (BTC), a $200 million stake in Beast Industries, an $95 million stake in Eightco Holdings as part of its “Moonshots” initiative, and total cash worth $444 million.
The latest buy has pushed BitMine’s Ethereum holdings closer to its goal of controlling 5% of ETH’s 120.7 million supply, reaching 4.47% of the supply, 89% of its goal, in just 11 months. As a result, “Bitmine is expected to reach the ‘alchemy of 5%’ sometime in 2026,” the chairman affirmed.
In addition, the company revealed that 4,712,917 ETH of its holdings, worth about $10.1 billion, have been staked. Lee also shared that, “At scale (when Bitmine’s ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward is $276 million annually (using 2.75% 7-day BMNR yield).”
Analysts Eye $1,850 Support Recently, Lee suggested that Ethereum could rally toward new highs by the end of the year, based on his belief that the “crypto winter is over” and a recovery rally could take place over the coming months.
However, some market observers have warned that a long-term bullish rally is not likely this year. In an X post, analyst Ali Martinez highlighted that ETH has been trading within a broad, multi-year range since 2021.
ETH’s multi-year range. Source: Ali Charts on X After falling back to the channel’s lower half earlier this year, the altcoin recently faced a “clean rejection at the mid-range of this structure,” which coincided with a rejection from the 200-week Simple Moving Average (SMA), signaling weakness.
As the price fails to reclaim this area, the analyst noted that the most critical level to hold remains $1,850, explaining that a weekly close below this support would likely trigger downside acceleration. He suggested that this could open a great opportunity for investors, based on the MVRV Pricing Band:
Right now, the highly watched 0.8 MVRV Pricing Band is sitting right around $1,850. Historically, whenever Ethereum drops below the 0.8 MVRV band, the move is not sustained for very long. (…) History shows that this exact zone represents a high-probability macro accumulation window that builds the ultimate foundation for the next major bull market.
Lastly, he affirmed that to invalidate the bearish scenario, ETH would need two clear triggers: a reclaim of the 200-week SMA, located around $2,500, and a clean break above the 50-week SMA around $3,100.
Ethereum’s performance in the one-week chart. Source: ETHUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
Key Takeaways XRP declined beneath the $1.20 threshold, reaching a session low of $1.1401 during recent market activity. Trading activity remains beneath the 100-hour Simple Moving Average, signaling ongoing bearish pressure in the short term. Technical indicators including RSI demonstrate oversold readings, suggesting potential for a near-term rebound. A sustained break above $1.1950 is required for bulls to initiate a meaningful recovery, with $1.32 serving as the critical resistance zone. Technical analyst ChartNerd identifies $0.84 as a potential downside target corresponding to the Middle Regression Band if support fails. XRP has experienced persistent downward pressure in recent trading sessions, declining in tandem with Bitcoin and Ethereum amid widespread cryptocurrency market weakness.
XRP Price The digital asset pierced the $1.20 support threshold and continued its descent to establish a low at $1.1401. Current price action shows consolidation within the $1.15–$1.20 corridor, with trading occurring beneath the 100-hour Simple Moving Average.
As of this writing, XRP is changing hands near $1.22, reflecting an approximate 1% gain during the last 24-hour period.
Technical chart analysis on the hourly timeframe reveals the formation of a descending trend line, with immediate resistance positioned at $1.1950. Additionally, the price has been unable to recapture the 23.6% Fibonacci retracement level derived from the downward movement spanning $1.3640 to $1.1401.
To establish a legitimate recovery pattern, XRP must achieve a decisive close above the $1.1950 threshold. Such a breakthrough could facilitate advances toward $1.20, followed by $1.22, and ultimately $1.25.
Critical $1.32 Level Could Determine Trend Reversal The pivotal resistance zone for XRP bulls remains at $1.32. A convincing close above this benchmark could trigger upward momentum toward $1.43, which would represent approximately 17% appreciation from present valuations.
Nevertheless, MACD momentum indicators continue displaying negative histogram values, reinforcing the prevailing bearish structure. Until definitive technical confirmation materializes, both upside and downside scenarios remain viable possibilities.
XRP functions predominantly as a bridge currency for international payment settlements, and community participants have been debating prospects for what some characterize as an “XRP Supercycle” — a theory suggesting dramatic price appreciation lies ahead. Market performance has yet to validate this hypothesis.
Cryptocurrency technical analyst ChartNerd (@ChartNerdTA) issued a cautionary update via X, highlighting that XRP has breached the Upper Regression Band at $1.35 within the Gaussian Channel framework. According to historical patterns, previous breaks below this band have consistently resulted in price retracements to the Middle Regression Band, presently located at $0.84. The analyst maintains that a move toward this level during 2026 remains a plausible scenario.
🎯 $XRP Update: We are now losing the Upper Regression Band ($1.35). History across the Gaussian Channel shows that every prior break below the upper band has led to a clear retrace toward the Middle Regression Band ($0.84). The 2026 "homecoming" remains firmly on track 🏡 https://t.co/KJXtjWKtNb pic.twitter.com/qDWtIrtyWk
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) June 3, 2026
Critical Support Zones Under Focus Regarding downside protection, the first support layer exists around $1.16, with secondary support at $1.155. Should XRP surrender the $1.155 level, subsequent targets include $1.15 and $1.144.
Source: TradingView A failure to maintain $1.144 would expose deeper support at $1.14, with further deterioration possible beyond that threshold.
The Relative Strength Index continues registering oversold readings, which typically attracts bargain-hunting buyers seeking short-term positioning. However, oversold technical conditions alone rarely produce sustainable trend reversals without accompanying fundamental catalysts.
The recent low of $1.1401 established during this corrective phase now serves as the current swing bottom for price structure analysis.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The XRP token is stuck dangerously close to losing its key status as a $1 altcoin as the current monthly XRP/USD chart by TradingView shows that the coin has exactly 15% left to fall before testing the lower boundary of the Bollinger Bands.
The situation is becoming more dangerous because the current price slide is taking place against the backdrop of a sharp compression in the Bollinger range itself. Historically, this has signaled not just a prolonged flat market, but a powerful impulsive breakout that could decide the fate of the $1 level for the coming years.
XRP bears eye $0.93 after losing key Bollinger supportAs of today, XRP is trading at $1.1233, showing a 15.62% decline for the current monthly period. The chart clearly shows that after breaking below the Bollinger Bands' middle line, the 20-period moving average at $2.0620, it's the lower band of the indicator at $0.9306 that now acts as the prime target.
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This gap to the lower band coincides with a large cluster of stop-losses on leveraged long positions, according to CoinGlass data, and their triggering could launch a cascade of automatic liquidations as XRP approaches the psychological threshold.
Monthly XRP price chart with Bollinger Bands, Source: TradingViewXRP's current weakness clearly shows that the presence of spot US XRP ETFs is doing nothing to stop the token's prolonged decline. Although institutional funds are holding cumulative inflows at $1.43 billion and are even selectively buying the dips, these modest injections are being completely absorbed by the broader collapse in market trading activity.
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The external backdrop is making the situation worse, as the expected June 12 listing of SpaceX shares has generated massive excitement and pulled the attention of global capital toward itself. While ETF structures passively hold their positions, the retail market simply cannot find the strength or volume to resist the bearish trend.
If institutional "whales" do not activate their dormant limit orders near the historical support level of $0.9306, a breakdown below the lower Bollinger Band will finally lock XRP below the dollar range for the rest of the summer.
Crypto prices show bullish momentum today, with Bitcoin (BTC) steady in the $93K to $96K range. Binance Coin (BNB) soared 15%, setting a new all-time high. Tron (TRX) surged 70%, earning a spot in the top 10 cryptocurrencies. Reserve Rights (RSR) led gains with an impressive 121% rally.
The global crypto market cap rose by approximately 1%, now at $3.54 trillion. Trading volume also saw a boost, climbing to $292 billion. Let’s dive deeper into the top cryptocurrencies by market capitalization and their price movements today, December 4.
Crypto Prices Today: BTC at $95K, ETH, SOL Gain, XRP Drops by 6% Bitcoin (BTC) is inching closer to $97,000, continuing to trade within a consolidated range for over two weeks. Binance Coin surged to a new all-time high and is now trading at $750, reflecting strong market interest. Meanwhile, Tron (TRX) made a significant leap and has entered the top 10 cryptocurrencies by market capitalization.
Bitcoin Price Today Bitcoin (BTC) price trades at $96,500, with a 24-hour range between $93,629 and $96,669. Its market cap reached $1.9 trillion. The trading volume in the last 24 hours stood at $70 billion. Bitcoin’s market dominance dropped by 0.3%, falling to 54.11%.
According to sosovalue BTC ETFs saw an inflow of $675 million, with BlackRock contributing $693 million. Fidelity added $52 million, while Ark & 21 Shares reported an outflow of $93 million.
Meanwhile, Bitcoin mining firm Foundry cut its workforce to just 80–90 employees. The firm aims to streamline its operations.
Ethereum Price Today Ethereum (ETH) price trades at $3,667, reflecting a 1% increase over the past 24 hours. Its 24-hour low and high are $3,504 and $3,708. The cryptocurrency has a market cap of $441 billion and a 24-hour trading volume of $40 billion. Ethereum’s market dominance currently stands at 12.56%.
As sosvalue reported ETH ETFs saw an inflow of $132 million, with Fidelity contributing $73 million and BlackRock adding $65 million. However, Grayscale recorded an outflow of $6 million.
Meanwhile, Ethereum co-founder Vitalik Buterin emphasized the need for enhanced security and privacy in Web3 wallets. He urged wallets to integrate privacy features directly, reducing reliance on specialized privacy wallets.
XRP Price Today XRP is trading at $2.55, showing a 6% drop in the past 24 hours. Its 24-hour low and high are $2.36 and $2.86. XRP’s market cap stands at $145 billion, with $42 billion in trading volume. It is currently ranked 3rd by market cap.
In other news, Ripple lead attorney in the lawsuit, Jorge Tenreiro, has joined the US SEC as Chief Litigation Counsel. This move raises concerns over stricter crypto oversight, especially due to his role in the XRP case.
Solana Price Today Solana (SOL) price is trading at $238, reflecting a 5% gain in the past 24 hours. Its 24-hour low and high are $216 and $240. The cryptocurrency’s market capitalization stands at $113 billion, with $8 billion in trading volume. Solana ranks 5th among cryptocurrencies by market cap.
In a significant development, Grayscale Investments has applied for a Solana ETF with the US SEC. This move highlights the growing institutional interest in Solana’s ecosystem.
Meme Crypto Prices Today Meme coins are showing a mixed reaction today. Dogecoin (DOGE) price was down by 2%, trading at $0.41, with a 24-hour high of $0.42. On the other hand, Shiba Inu (SHIB) was up by 3%, trading at $0.00003015.
Other top meme coins are also showing mixed movements. PEPE was up by 1%, and WIF gained 4%, while Bonk was down by 1%. The meme coin market continues to remain volatile, with varied performances across different tokens.
Top Crypto Gainer Prices Today Reserve Rights Reserve Rights (RSR) price saw a massive 121% jump in the past 24 hours, trading at $0.026. Its 24-hour low and high were $0.01231 and $0.02669. This impressive rally has placed RSR among the top gainers today.
The surge in RSR price comes amid growing speculation about the potential appointment of Paul Atkins as the next U.S. SEC chair under President Donald Trump. This news has sparked increased interest in the project.
Tron Tron (TRX) price was the second biggest gainer in the last 24 hours, soaring by 70% and trading at $0.38. It has now entered the top 10 cryptocurrencies by market cap. Its 24-hour low and high were $0.2245 and $0.4406, respectively. TRON’s market cap stands at $32 billion, with a trading volume of $12 billion. The strong price movement highlights growing investor interest and solidifies TRON’s position in the top-tier cryptocurrencies.
Top Crypto Loser Prices Today Kaia Kaia (KAIA) price was the worst performer in the last 24 hours, with a 17% decrease in price. Crypto prices today show it is trading at $0.34, with a low of $0.26 and a high of $0.39.
Flare Network Flare Network (FLR) price dropped by 10% and is now trading at $0.034. Its 24-hour low and high are $0.03199 and $0.0382.
The hourly chart looks bullish for the crypto market, with major altcoins and Bitcoin up by 1 to 2%. Overall, the crypto prices today show strong bullish signs, which could be a positive signal for investors looking for growth in the coming days.
Market Wrap Crypto markets are still sluggish; Tron, Litecoin and Maker moving, Stellar slides and the rest are immobile. Crypto markets are still inactive today as volatility and volumes shrink and red dominates the majority of cryptocurrencies. There has been very little movement in either direction and total market capitalization is still weakened below $115 billion.
Bitcoin hit resistance twice at $3,470 during the past 24 hours, pulling back both times. It is currently trading at $3,460, the same as yesterday with further declines looking likely. On the week BTC has hardly moved at all as it consolidates below $3,500.
Ethereum is still weak at around $107, again with very little activity over the past 24 hours. XRP has fallen back over a percent on the day to below $0.30 as the gap to third place shrinks back to $1 billion.
Most of the top ten is in the red at the time of writing but a couple are bucking the trend and making gains. Tron is the top performer in this section during Asian trading today with a gain of 6%. The momentum is likely to be coming from the BTT token what has increased 600% in price since the ICO last week. Tron has been the top performing altcoin in the top thirty this year and daily volume has doubled to $380 million.
Litecoin has also had a good week with slow but steady gains as it takes and holds sixth spot above Tether. Stellar continues to slide with another 5% lost on the day.
The top twenty is mixed with Maker getting a 6% spike at the moment as it moves up the chart. Binance Coin is also posting a gain of 2.5% but the rest are immobile or falling back slightly.
A very obscure fomo pump has occurred with Bitcoiin (yes, that is the correct spelling), as it surges 350% at the moment. Pundi X and Theta are both having a good day with 15% gains at the moment. Getting dumped is Revain, Nexo and Aurora with 12% losses at the time of writing.
Total market capitalization is pretty much where it was this time yesterday, $113 billion. Daily volume is still the same at $16 billion and things are very quiet in crypto land. There has been very little activity over the past seven days indicating that the next major movement will probably be down again.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals
Market Wrap Crypto markets consolidating again; Binance Coin, Dash and Maker are moving, the rest slipping slowly. As widely predicted the crypto market pump was just that as things are starting to dump again today. The movements have been minor but the majority are in the red at the moment as market capitalization slips back to $120 billion.
Bitcoin did not get close to $3,700 today so new resistance levels are forming lower again. Around $3,650 seems to be its stability point for the time being but dips are not being supported and Bitcoin could drop lower, it is currently down half a percent on the day.
Ethereum has held on to second place by not moving over the past 24 hours. Still trading at $120 ETH could get some momentum from the Constantinople hard fork which has been delayed until the end of the month. XRP has lost a little more ground today and the gap between the two is currently just over $200 million.
Most of the top ten are falling back during the Asian trading session today. Tron has dropped the most despite the BTT airdrop today as TRX loses 3.5%. Bitcoin Cash is not far behind with a 3% slide. Only Binance Coin is making progress today adding another 2.5% as it closes the gap on Stellar in ninth which has dumped another 2%.
There are two big movers in the top twenty at the moment. Dash and Maker have added a further 7% on the day trading at $83 and $495 respectively. The Maker dev fund was moved to a new multisig wallet two days ago which caused the CMC market cap spike and the flipping of ETC and NEM. NEO and Zcash have also added 3.5% each to their prices over the past 24 hours but IOTA and NEM continue to slide.
There are no major pumps occurring in the top one hundred at the time of writing. Huobi Token is the best performer adding 15% followed by MOAC with a 12% rise. Getting bashed is yesterday’s pump; Quant followed by Revain both shedding 10% in predictable dumps.
Total market capitalization has not really moved overnight and is still at $120 billion. No further gains for the big cap coins look likely so further consolidation is expected in this channel for the time being. Volume is still at $20 billion and markets are still 6% higher than they were this time last week.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals
Market Wrap Crypto consolidation continues; Litecoin still inching up, NEO making progress, everything else is flat. Crypto markets are looking a little erratic as we enter the weekend but in the grand scheme of things nothing has changed over the past seven days. Total market cap has crept up marginally but most tokens are still consolidating within their slim boundaries.
Bitcoin has bounced of intraday resistance levels of $3,640 twice but is still holding above major support at $3,600. Lower highs have been made all week indicating that BTC is likely to turn bearish soon, especially if it falls below the key $3,600 level.
Ethereum is stable at $123 still, it has not moved a bit over the past 24 hours and remains where it has been since mid-week. XRP is slowly weakening and the gap between the two has now widened to $450 million.
There has been so little action for the majority of the top ten that they are showing tenths of a percent change over the past day. Litecoin is the biggest mover with 2% as it pulls away from EOS and increases the market cap gap between them. Very little else is going on in this section.
NEO is today’s top coin in the big twenty as it adds 3% on the day. Tezos is creeping back towards a top twenty place adding 2% but it is still a way off Zcash. Maker and NEM are dumping 4-5 percent following a couple of days of reasonable gains.
There are only two altcoins in double digits at the time of writing. Ontology and Aelf have added 16% a piece during the Asian trading session. The Parity Games partnership appears to be driving momentum for ONT. There are no big dumps going on at the messy end of the top one hundred but the day’s worst performers are Aurora and Revain.
Total market capitalization has not moved over the past 24 hours and remains a fraction higher at just over $121 billion. Markets are still range bound in a very tight channel where they have been all week. There are no signs of momentum in either direction and the tedium continues in crypto land.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals
Crypto markets marching upwards again; EOS and Litecoin leading the charge, BNB cools off. EOS up 16% from $3.3 to $3.83 in 48 hours. Market Wrap Momentum is gaining once again on crypto markets following a little cooling off yesterday. Most cryptocurrencies are in the green at the moment and total market capitalization has topped $135 billion for the first time in six weeks.
Bitcoin hit resistance again at $4,000 twice in the past day but it has not fallen back and is holding there at the time of writing. It is currently up 1.3% from yesterday’s minor correction but has failed to break this crucial level. The next move for BTC is likely to be a big one.
Ethereum has regained momentum and has moved up a further 3% on the day to reach $148. ETH remains well supported and the next resistance level is at $150. The gap to XRP is almost $2 billion again as the Ripple token makes minimal progress today.
The top ten is green once again and EOS is the day’s leader with a gain of 8% taking it to $3.90. Litecoin has also had a very strong few hours with 7% added increasing its market cap over $3 billion and breaking through a crucial psychological resistance level of $50. Stellar has also shifted gear today with a 6% rise as it pulls away from Tron.
EOS Surges 16%, Source: TradingView The top twenty is equally buoyant during Asian trading today with everything bar Binance Coin in the green. Maker is yet again the top performer in this section with another 5.5% added on the day. Most other coins here are making 2-3 percent as the rally pushes slowly higher.
REPO and Crypto.com’s MCO token are getting a dose of FOMO at the moment as they both have risen by 20%. There are no big dumps currently but Revain is currently the top one hundred’s worst performer losing almost 5% on the day.
Source: Coinmarketcap.com Total crypto market capitalization is still moving up and has retained momentum. It is currently 2.2% higher on the day as it pushes through a six week high of $136 billion. Daily volume has fallen back below $30 billion though but it has maintained strong levels. Since last Thursday markets have made over 12% and hopes are that this will continue.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
Crypto markets have found a new level; Binance Coin pumping hard, EOS and Maker still sliding. Market Wrap Monday’s crypto market dump has found a new level and the selloff has abated over the past 24 hours. This has prevented another huge rout though further losses cannot be ruled out. Total market capitalization has stabilized above $125 billion for the time being.
After dumping $100 yesterday Bitcoin has found a new channel around $3,760 where it has traded for the past day. Daily volume is back up to nearly $9 billion for BTC but it appears to be all bearish at the moment. As predicted Bitcoin fell after failing to break strong resistance at $3,900, all indicators suggest that further losses are imminent.
Ethereum has leveled out at around $127, dropping a further percent or so on the day. All of February’s gains are getting wiped out as ETH continues to weaken and follow in the shadow of Bitcoin. XRP has not fallen in the same magnitude which has reduced the gap between second and third places to just $800 million. The Ripple token is currently trading at $0.305.
Binance Coin price 24 hours. Coinmarketcap.com Only one altcoin is surging in the top ten during today’s Asian trading session and it is developing a pattern of its own. Binance Coin appears to be behaving like a stablecoin; it pumps when markets dump. BNB is currently up 10.5% as it hits an 8 month high of $12.50. Binance boss CZ appears to have taken over from Justin Sun for volume of twitter posts in any given day;
Either way his exchange backed token is flying at the moment as it surges past Stellar and Tron to take eighth spot by market cap which is currently $1.7 billion. Changpeng Zhao’s current AMA and recent DEX announcements are driving momentum for BNB. Tron is the only other altcoin in the green in the top ten as it made almost 3% over the past 24 hours.
Looking further down at the top twenty Bitcoin SV is having a rare bounce as it adds 4% on the day taking its price to $66.50. The rest are still in the red with Maker shedding the most at 5%. Monero, NEM and Zcash are all still weak with further losses of 3% today.
FOMO: MOAC on The Move Today’s fomo induced pump is MOAC which is up 14% at the time of writing. There does not seem to be much driving momentum for this multi-level blockchain scaling platform so it could well be tomorrow’s dump. Also getting a boost at the moment is Loom Network with a 12% pump.
Following a couple of days of fomo, Ravencoin is cooling off today as it becomes the top one hundreds biggest loser dumping 13% on the day. Revain and Bitcoin Gold are not far behind as they both shed 12% making up the only three to drop double digits at the moment.
Total crypto market capitalization has found a temporary floor at $126 billion following the $4 billion dump yesterday. Daily volume has crept back up to $28 billion but signals are bearish and the selloff is likely to continue. Crypto markets are at exactly the same place they were three months ago as the consolidation continues.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
Crypto markets pulling back sharply; Litecoin, EOS, Bitcoin Cash and SV getting smashed, Crypto.com gets fomo. Market Wrap As expected crypto markets are finally dumping as we end the week. Over $16 billion has been lost as markets fall from their 2019 high back to $170 billion or so. Bitcoin initiated the dump but so far has remained above key support levels. It is the altcoins that are bleeding today.
Bitcoin fell below $5,000 for the first time in a week and settled at $4,950 before recovering slightly. The failure to break resistance at $5,400 has sent BTC back down as it drops around 4% on the day. Many had predicted this pullback and foretell further losses back to major support at $4,600 where the 200 day moving average is.
Ethereum has fallen harder as expected with a drop of 5% back below $165 again. There was no push to $200 for ETH which is still rising and falling along with its big brother. The gap between it and XRP in third is now much larger though at almost $4 billion market cap.
The top ten is a sea of red during today’s Asian trading session. The altcoins are getting hammered, some by double digits. Litecoin is losing 9% today as it falls back to $77, EOS and Bitcoin Cash are not doing a great deal better with 24 hours loses of 6 – 7 percent. Stellar and Cardano have both dumped 5% as Tether moves back up the chart.
The top twenty is awash with equal pain as Bitcoin SV, Ontology and Maker dump ten percent a piece. Close behind is Tron, NEO and Ethereum Classic with losses of over 6% on the day.
FOMO: Crypto.com Crushing It Despite the massive market correction Crypto.com’s Chain is flying today with a 25% fomo pump to $0.093 (1860 satoshis). There does not appear to be much driving the fomo, the only recent news is that the company donated $500k to Binance charity. South Korean markets are dominating trade in CRO with Upbit taking 40% of the total volume.
TrueChain is also getting fomo today with a 20% pump and Lambda is the third altcoin in double digits at 17%. KuCoin Shares are still getting dumped with a further 11% lost today. ABBC Coin and Revain, the usual suspects, are also dumping 10% each following recent pumps.
Total market capitalization 24 hours. Coinmarketcap.com Total crypto market capitalization has lost 5.5% in 24 hours falling from around $180 to just below $170 billion. Markets reached a new 2019 high on Thursday with a brief surge to $186 billion but since then $16 billion has been wiped out. This could be a short term pullback or the beginning of a final capitulation that so many analysts have been talking about.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
TLDR: XRP withdrawal share on Binance reached 53.8% on June 23, the highest since June 2024. Deposit transactions fell to 46.1%, their lowest level in approximately two years. Withdrawals have outpaced deposits for seven straight days since June 17 on Binance. Ripple burned $539M in RLUSD over 30 days, with burns exceeding mints by $129M. XRP withdrawal transactions on Binance have reached their highest share since June 2024, climbing to 53.8% on June 23. Over the same period, deposit transactions fell to 46.1%, their lowest reading in roughly two years.
The gap between the two metrics now stands at 7.7 percentage points, marking a notable shift in XRP transaction behavior on the exchange over the past week.
Withdrawals Hold Control for Seven Consecutive Days The withdrawal dominance on Binance is not a one-day event. XRP withdrawals have outpaced deposits every day since June 17, representing seven straight days of sustained divergence. This streak is the key development distinguishing the current move from routine daily fluctuations.
Source: Cryptoquant
The 7-day withdrawal share of 53.8% recorded on June 23 now stands as the highest level since June 2024. Meanwhile, deposit transaction share at 46.1% reflects its weakest position in approximately two years. The data shows a clear reversal from the pattern seen in prior months.
It is important to note what this metric measures. The figures track the share of deposit and withdrawal transactions, not the total dollar value or volume of XRP moved.
A higher withdrawal share means withdrawal transactions are outnumbering deposit ones — it is not a direct buy-or-sell signal on its own.
Still, the persistence of this trend over a full week gives the data added weight. A single-day spike can often be noise, but seven consecutive days of withdrawal dominance represents a sustained behavioral shift among XRP holders on Binance.
RLUSD Burns and XRP Price Performance Add Context Beyond exchange flow data, Ripple’s RLUSD stablecoin activity has drawn attention over the past month. According to on-chain data shared by validator Vet’s community tracker, Ripple burned $539 million worth of RLUSD over the past 30 days, with burns exceeding mints by more than $129 million during that window.
Ripple Slashes RLUSD Supply In Massive Burn Wave
Ripple has burned $539 million worth of its RLUSD stablecoin over the past 30 days, according to onchain data from validator Vet's community tracker.
Burns exceeded mints by more than $129 million during the same period.
Most… pic.twitter.com/qsWqQoT4y8
— BSCN (@BSCNews) June 23, 2026
Most of the destruction occurred between June 2 and 12, which marked the longest intraday burn streak since RLUSD launched in December 2024.
The single largest burn on record came on June 3, when $75.1 million worth of RLUSD was removed in a single day.
Against this backdrop, XRP is trading at $1.11 at the time of writing. The token recorded a 1.47% decline over the past 24 hours and a 9.43% drop over the past seven days. Trading volume over the same 24-hour period reached $1.37 billion.
Source: Coingecko
The combination of prolonged withdrawal dominance on Binance, declining deposit share, and the broader RLUSD burn activity presents a multi-layered picture of XRP market dynamics heading into late June.
Following a wave of heavy selling in the cryptocurrency market, XRP is attempting to stabilize near the $1.10 mark, aiming to form a short-term bottom after what is described as one of the major pullbacks of 2026. The asset, having dipped below major support lines and exited a multi-month trading range, continues to face downward pressure despite some signs of recovery.
Key levels to watch in XRPXRP recently lost its $1.28 support level, which had served as a key floor for most of March, April, and May. This breakdown accelerated selling, dragging the price down to recent lows around $1.05. Despite a brief rebound, the recovery was limited, indicating that market participants remain cautious even as the price attempts to rally.
Technical indicators reveal that significant resistance areas remain above the current price. The 50-day moving average stands at $1.20, while the 100- and 200-day averages are positioned at $1.28 and $1.35 respectively, reflecting an ongoing advantage for sellers in the broader trend. For a more meaningful turnaround, analysts note that XRP would need to reclaim these levels as new support zones.
Trading volume has shown a more balanced signal. There was a notable spike in volume during the initial breakdown, suggesting that much of the selling may have played out during that phase. As panicked selling has eased, volumes have gradually returned to normal, while the Relative Strength Index (RSI) is now attempting an upward move after exiting oversold territory.
While the downward momentum in XRP has waned compared to the first wave of selling, this alone does not confirm a lasting trend reversal.
In the near term, investors are closely watching the $1.20 level. A sustained move above this threshold could open the door to a broader rebound toward $1.28, while failure to break higher keeps the risk of revisiting recent lows on the table.
Dogecoin nears $0.10 thresholdDogecoin, despite a persistent bearish outlook, is at a price point that has drawn renewed attention from long-term investors. The so-called “zero deletion rally” in market jargon refers to the psychologically important $0.10 level, but current data suggest that such a move is not imminent.
DOGE is trading near $0.084, having recently fallen below a rising support trend that had held since February. This prompted another wave of selling, but sellers did not push the price significantly below $0.08, indicating that some buying interest remains at lower levels.
Technically, the outlook remains weak. DOGE continues to trade under its 50-, 100-, and 200-day moving averages, with the 50-day average at approximately $0.089 serving as nearby resistance. Higher up, the $0.098 and $0.114 levels are key to monitor. Following a near-oversold reading, the RSI has steadied, while previously elevated selling volumes suggest that weaker hands may have already exited.
Mini glossary: A “zero deletion rally” refers to a price move where a digit shifts upward in the decimal structure, crossing a psychological milestone. In Dogecoin’s case, this term is used for a return above $0.10.
Shiba Inu faces ongoing downward riskThe technical backdrop for Shiba Inu continues to look fragile. Although overall crypto markets have found some footing after recent volatility, SHIB remains one of the weaker major meme coins, with several indicators signaling that downside risk is still elevated.
A multi-month ascending channel that had formed since March has now been decisively broken to the downside, erasing prior recovery attempts and sparking a new round of selling. Since then, SHIB has struggled to generate enough buying interest for a significant rebound.
Trading around $0.0000047, SHIB is positioned under all key moving averages, with the 50-day at $0.0000050 and the 100- and 200-day averages at $0.0000055 and $0.0000057 respectively. The emerging minor rising wedge formation following the recent drop is under scrutiny, as such patterns often resolve lower in broader downtrends.
Despite recent attempts at a rally, modest buying volume in SHIB suggests the uptick may be driven more by short-covering than sustained accumulation.
While the Relative Strength Index has recovered from early-month oversold levels, it remains below the neutral 50-point mark. In the short run, holding above $0.0000050 and reclaiming the 50-day moving average are considered pivotal for SHIB. Otherwise, there is risk of a fresh move toward recent lows.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Kyber and Alpaca lead crypto gains with weekly surges of 139.2% and 194.4%, respectively. XRP hits $2.77 with $16.3B volume, maintaining strong market cap and trading activity. BAKE posts the only loss this week, falling 3.9% amid broad altcoin uptrend. Kyber Network (KNC) and Alpaca Finance (ALPACA) led the weekly gainers list as of July 12, 2025, according to updated data tracked by Phoenix Group via CoinMarketCap. Both assets saw large percentage increases over the past seven days, outpacing other trending cryptocurrencies by a wide margin. XRP also held its place among top-trending tokens, maintaining high market activity and capitalization levels as the broader crypto market continued to register concentrated movements in selected altcoins.
Kyber Network recorded a 139.2% gain this week, closing at a price of $0.67. The token posted a trading volume of $974.6 million over the seven days, placing it among the most actively traded altcoins currently trending on CoinMarketCap. Alpaca Finance, which saw the largest percentage gain on the list, rose 194.4% to trade at $0.036. Its 24-hour trading volume reached $18.3 million, signaling a notable uptick in short-term market interest.
Other gainers included Ark (ARK), which gained 31.7% over the week to reach a trading price of $0.75. Measurable Data Token (MDT) also showed a strong performance, rising 33.1%. IDEX posted a 22.5% increase, with $497 million in weekly trading volume, despite having a relatively minor market capitalization of $21.5 million.
XRP Maintains Uptrend with High Market Participation XRP has further attracted the attention of the institutions and retail markets, which further increased by 37.6% this week to trade at $2.77. It remained one of the valuable digital assets on the list, with a cumulative market cap of $163.6 billion. One of the greatest trade volumes of the day was exposed by XRP, standing at $16.3 billion, which guaranteed continued demand and high liquidity in the latest trades.
Meanwhile, lower-cap tokens such as Proton (XPR) followed suit and recorded a corresponding percentage rise of 37.6% over the same period, indicating replicating investor activity. Fusionist (ACE) increased by 15.5% to $0.35, and WEMIX went up by 25.2% to $0.51, with an equivalent trading volume of 15.5 million and a market capitalization of 233.7 million.
BakerySwap (BAKE) was the sole asset on the list to close the week in the red. It dropped 3.9% across the same period, differing from the broader upward trend among other trending cryptocurrencies. Most of the tokens listed were traded predominantly on Binance, followed by other major platforms, including Coinbase and KuCoin.
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Arizona lawmakers are weighing a bill that would let the state keep digital assets in a reserve instead of selling them off, and XRP is one of the names on the list.
The proposal would place those assets under the state treasurer’s control, and it could also let the state earn extra returns through staking, airdrops, or limited lending if the move does not raise financial risk.
What The Fund Would Hold SB1649 creates a Digital Assets Strategic Reserve Fund made up of digital assets that are held by, confiscated by, or surrendered to Arizona.
The bill text also says the treasurer could deposit state-held digital assets through a secure custody solution or an approved exchange-traded product, then administer the fund directly.
Source: LegiScan It defines “digital asset” broadly enough to include Bitcoin, XRP, stablecoins, nonfungible tokens, Dash, Internet Computer, Ravencoin, Chia, eCash, Monero, and other digital-only assets that meet the bill’s fair-value test.
That fair-value test is built around adoption, annual transactions, annual transaction value, and development activity. In plain terms, the bill tries to sort assets by market use and technical strength before they can be treated as reserve holdings.
The wording is broad, but it is not an open-ended invitation to buy anything. It sets a screening standard first.
BTCUSD trading at $1.31 on the 24-hour chart: TradingView A Bill That Keeps Moving The measure has already cleared the House Rules Committee and is headed to a full House vote. Arizona legislative tracking shows the committee approved it 8-0 on March 30, after earlier Senate action sent it across the chamber. That means the bill is still alive, but it is not law yet.
The House step matters because it moves the proposal closer to the finish line. The bill would give the treasurer authority to manage the fund, and it would also allow digital assets reported as abandoned property to be delivered in native form to the state or its custodian.
If those assets sit unclaimed long enough, staking rewards and airdrops could be shifted into the reserve fund.
Why XRP Is In The Mix XRP has drawn extra attention because it is named directly in the bill, not implied through a broad crypto category. The same section that lists Bitcoin also lists XRP alongside several other assets that could qualify under the reserve framework.
Ethereum (ETH) price slipped to about $1,711 as spot Ethereum ETF outflows extended to a seventh straight week even as the network’s own data points the other way.
A wider move out of the two largest crypto funds and into newer products looks like a rotation taking shape. Ethereum sits awkwardly in the middle of it.
Bitcoin and Ethereum ETFs Bleed a Seventh WeekSpot Bitcoin (BTC) ETFs booked a seventh straight week of redemptions. The weekly spot ETF flows, the gap between cash entering and leaving the funds, shrank from a $1.72 billion exit on June 5 to $68 million by June 22.
Bitcoin ETF Flows: SoSoValueEthereum ETF outflows matched that run at seven red weeks. The latest $66 million weekly exit was far smaller than the $255 million pulled in mid-May, so the bleeding is slowing. However, the new week has just started and it is important to see how things turn up by Friday.
Ethereum Spot ETF Weekly Flows: SoSoValueBoth majors are losing money, yet the pace is cooling rather than worsening.
The contrast shows up the moment the smaller funds enter the frame.
XRP, Solana and HYPE Funds Catch the BidWhile the majors bled, XRP ETF inflows ran for an eighth straight week, holding green even through early June’s price drop.
XRP Spot ETF Weekly Inflows: SoSoValueSolana (SOL) funds stayed mostly positive since mid-May, with only a couple of minor red weeks and about $836 million in net assets.
Solana Spot ETF Weekly Flows: SoSoValueHyperliquid (HYPE) funds have not printed a single red week since their May 13 launch, drawing about $183 million. The split looks like an early crypto ETF rotation, though the alt inflows are still small.
HYPE Spot ETF Weekly Flows: SoSoValueIf money is fleeing Ethereum, its network has not got the message.
Ethereum Staking Demand Dwarfs ExitsOn-chain signals clash with the ETF exit. The validator exit queue holds about 223,000 ETH waiting to unstake, against roughly 2.68 million ETH waiting to get in.
Ethereum Validator Queue Snapshot: ValidatorQueueThat is about twelve times more Ethereum staking demand than exit pressure, the opposite of what a sell wave looks like. Realized flows agree. Daily validator deposits turned net positive over the last ten days, after exit-heavy days earlier in June.
Validator Deposits Versus Withdrawals: DuneThe unstaked ETH that does reach exchanges stays small. Even the busiest day moved about 24,000 ETH, a fraction of the daily exchange inflows, which suggests exits are not feeding the market.
Exit ETH Reaching Exchanges: DuneExchange balances and the staking token tell the same calm story.
Exchange Outflows Ease and the stETH Peg HoldsThe exchange outflows picture is steady. The exchange net position change, a metric that tracks tokens moving in and out of exchanges, eased from about negative 564,000 ETH on June 9 to negative 442,000 by June 22, still a net withdrawal.
ETH Exchange Net Position Change: GlassnodeThe stETH peg held near 1.0 through ETH’s roughly 20% drop in early June. A clean peg suggests holders were not scrambling to unstake and sell.
stETH To ETH Peg Ratio: DuneSo if the chain looks committed, the rotation question moves to where flow is actually tilting.
A Quieter Rotation the ETF Numbers HideOne direct measure reframes the picture. A custom rotation score tracks ETH’s share of the combined BTC and ETH five-day net flow, then z-scores it against its own 30-day history. The reading is positive 1.05, which flags a tilt toward ETH. The catch is that ETH’s share of that flow is only 21%, so Bitcoin still takes most of it.
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The score fires because it measures change, not level. ETH’s share had been running nearer 12% to 15%, so a jump to 21% sits about one standard deviation above its own norm.
BTC To ETH Rotation Signal: Charlie Quant LabIn plain terms, money is rotating toward ETH faster than usual at the margin, even while every ETF print stays red. Headline fund flows miss this, but a direct read of the flow split catches it. At just over the +1 line, this is an early and weak signal, not a confirmed trend.
That gap between the weekly ETF tape and the on-chain split sets up the real test.
What Would Confirm the Grand RotationFor now the grand rotation is a pattern, not a confirmed move. It needs XRP, SOL and HYPE inflows to scale while Bitcoin and Ethereum keep bleeding.
The thesis breaks in two ways. Green weekly prints for the majors would end it, and stalling alt inflows would do the same.
Ethereum stays the odd one out, with a healthy network and weak ETF demand at once. Continued Ethereum ETF outflows beside a positive rotation score suggest the cash leaving the fund is not all leaving the asset. A return to positive weekly flows separates an Ethereum ETF recovery from a deeper rotation into rival funds.
Dogecoin (CRYPTO: DOGE) is down 13% over the past week and 88% below its all-time high, as the Elon Musk correlation that drove the coin for years has completely broken down.
The Musk Trade Stopped Working And The Catalyst That Replaced It FizzledFor years, a single Musk post could send DOGE surging double digits. That relationship no longer holds. When Musk reposted an AI-generated video referencing Dogecoin on X in March, the coin barely moved.
The federal Department of Government Efficiency, the political catalyst that sent DOGE to a $61 billion market cap in November 2024, was terminated eight months ahead of schedule.
Moreover, Musk publicly distanced the agency from the coin, calling the similar names a coincidence and stating the government had no plans to use Dogecoin.
Over $47 billion in market cap has been erased since November 2024. The coin that once traded higher than 331 S&P 500 (NYSE:SPY) companies now sits at $13.4 billion.
ETFs Launched But Nobody Showed UpGrayscale, 21Shares and Bitwise launched spot DOGE ETFs, yet combined assets total just $12 million after weeks of zero inflows.
House of Doge launched its payments app in beta on May 25 and followed with a Paxos partnership on June 1, putting DOGE on the same custody infrastructure as Bitcoin and Ethereum.
These are real developments, but traction remains unproven and price has not responded.
The Broader Meme Coin Sector Has Lost $112 Billion Since November 2024DOGE’s collapse is part of a sector-wide implosion. The total meme coin market cap peaked at $150.6 billion in November 2024 and has since fallen to approximately $38 billion.
Chart Shows No Structure Below $0.080 DOGE holds just above the $0.080 structural floor after last week’s capitulation wick, with the full bearish EMA stack overhead between $0.09366 and $0.11809.
The Bull Market Support Band at $0.09854 to $0.10885 sits well above and acts as resistance.
Any green candle before reclaiming $0.0985 on a daily close is noise inside a confirmed downtrend. Below $0.080, there is no visible support until $0.070.
Image: Shutterstock
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This week, the cryptocurrency community was rocked after Kadena’s sudden shutdown announcement sent the KDA price crashing by over 60% in a few hours. The massive price collapse triggered an enormous sell-off as investors scrambled to understand the abrupt closure of the once-promising blockchain project. Soon after, a shocking exposé from analysts revealed that the problems ran far deeper than market conditions, hinting at serious internal misconduct and mismanagement.
Kadena Scandal Exposed After KDA Price Crash A day after the KDA price crash on Tuesday, crypto analyst Lovrin revealed on X social media that several Kadena employees were allegedly caught shorting the token with leverage just before shutdown announcements, securing tens of millions of dollars in profits. The reports indicate that crypto exchanges purportedly facilitated these trades, painting a picture of coordinated internal manipulation.
Related Reading: Most Coordinated Attack In Crypto History? What Led To $19 Billion In Losses As Bitcoin Price Crashed
Adding fuel to the scandal, a viral X post from crypto market commentator @Katexbt exposed additional allegations against the Kadena leadership. The post claimed that the Kadena founders, Stuart Popejoy and Will Martino, were allegedly sued by family members over a personal loan used to fund Kadena, raising questions about its financial transparency from the outset.
Katexbt asserted that the blockchain was effectively non-functional, claiming a throughput of 480,000 transactions per second, yet it lacked real users or wallets. Partnerships and institutional involvement that were publicly promoted were reportedly exaggerated or fabricated, adding further doubts about the legitimacy of the Kadena project.
Source: Chart from Lovrin on X The team also allegedly hired a KOL agency, prioritizing selling tokens for real money over paying the marketing firm for its services. Additional allegations point to complex ties between Kadena’s leadership and affiliated companies, including the Kaddex domain, which was said to have been registered under Popejoy’s Kadena Eco’s family golf club in Italy.
Katexbt claimed that the blockchain project was slapped with a lawsuit at some point, but it made little difference as the team hid behind a maze of LLCs. Even more shocking, the crypto commentator alleged that the Kadena team had worked with Francesco Melpignano, the former CEO of Kadena Eco, to extract large amounts of KDA, which were then sold near peak prices, netting an estimated $20 million to $80 million in profits. Following this, community members reportedly ousted Melpignano, though Katexbt alleges that the former CEO remains on a shell company’s payroll.
About The Kadena Shutdown On Tuesday, Kadena released a public statement confirming the cessation of all business operations. The team stressed that, despite the organization’s wind-down, the Kadena blockchain would continue to operate independently under a decentralized model.
Related Reading: $19 Billion Bitcoin And Crypto Wipeout: What Caused The XRP Price To Crash 50% In A Single Candle?
The announcement described the closure as a response to market volatility and unfavourable conditions, expressing gratitude to staff, partners, and the community. The Kadena team clarified that the blockchain itself was not owned or operated by the company, emphasizing that independent miners and maintainers would govern it in the future. They also noted that about 566 million KDA remain to be distributed as mining rewards through 2139, while 83.7 million tokens are scheduled to come out of lockup by November 2029.
Overall cryptocurrency market at $3.64 trillion | Source: TOTAL on Tradingview.com Featured image from Getty Images, chart from Tradingview.com
The US Securities and Exchange Commission (SEC) has agreed to drop its lawsuit against Kraken, marking a major reversal in its approach to crypto enforcement.
This decision comes amid a broader shift. In the past week, the SEC dropped at least six lawsuits and legal actions against crypto firms, including Coinbase and MetaMask.
SEC Vs. Kraken is Finally OverThe lawsuit against Kraken, filed in November 2023, accused the exchange of operating as an unregistered securities exchange, broker, dealer, and clearing agency.
The SEC claimed that Kraken allowed the trading of crypto asset securities without proper registration, depriving investors of necessary protections such as audits, disclosures, and oversight.
Kraken denied the allegations and argued that the SEC had failed to establish clear guidelines on whether digital assets should be classified as securities.
The exchange filed a motion to dismiss the case, citing regulatory uncertainty and a lack of fair notice. A federal judge allowed parts of Kraken’s defense to proceed, but the SEC continued to press its claims.
“The SEC’s decision to dismiss its lawsuit against us (and many others) is more than just a legal victory — it’s a turning point for the future of crypto in the US It ends a wasteful, politically motivated campaign, lifts uncertainty that stifled innovation and investment, and clears the path toward a stable, forward-thinking regulatory regime,” Kraken wrote in its official statement.
The agency’s decision to drop the lawsuit reflects a changing stance on crypto enforcement. Over the past week, it has quietly withdrawn multiple legal actions against major crypto companies.
No More Crypto Enforcement from the SECIn addition to Coinbase and Kraken, the Commission has dropped its probe into Gemini, MetaMask, OpenSea, Tron Foundation, Robinhood, and others. The regulator also saw defeat in a particular crypto case that it actually wanted to pursue.
Over the weekend, the SEC lost a major case against Richard Heart, the founder of HEX and PulseChain.
This shift follows increasing pressure from lawmakers and industry leaders who have criticized the SEC’s aggressive regulatory approach. Although its current Commissioner is against dismissing these legal proceedings, it seems like the organization will no longer pursue aggressive enforcement.
“We beat the SEC! Congratulations to the best legal team in crypto. Fighting – and beating – the SEC was not foretold. Lawyers, lobbyists and everyone in between… We had to earn it,” wrote Marco Santori, Senior Advisor at Kraken.
Kraken’s victory may set a precedent for other crypto firms facing similar lawsuits. The decision to drop these cases signals a possible recalibration of the SEC’s strategy, raising questions about how crypto regulation will evolve in the coming months.
As of now, the Ripple XRP lawsuit is the only major crypto case still active for the Commission. However, given that Donald Trump has included XRP in his US crypto reserve plan, this lawsuit will likely be dropped in the same manner.
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After momentarily sliding below important support levels, Ethereum (ETH) is once again on the climb. After a significant change in market mood, the second-largest digital asset by market capitalization passed $2,900.
Interestingly, Eric Trump, the son of US President Donald Trump, weighed in on the situation, remarking that it is a strategic opportunity to acquire ETH.
Tariff Pause Sparks Market Rebound Concerns over possible tariffs on Canada and Mexico rattled the crypto market earlier this week. Both Bitcoin and Ethereum fell significantly; Ethereum dropped momentarily to around $2,360. Still, the temporary suspension of the tariffs by Trump offered a breather, which raised investor confidence in risk assets including cryptocurrency.
In the wake of the announcement, Ethereum experienced a robust recovery, with a nearly 20% increase. Traders interpreted this as an invitation to re-enter the market, and ETH promptly reclaimed the $2,900 mark.
In my opinion, it’s a great time to add $ETH.
— Eric Trump (@EricTrump) February 3, 2025
Eric Trump’s Crypto Endorsement Raises Eyebrows Eric Trump posted his optimistic view on Ethereum on social media. He first said, “In my opinion, it’s a great time to add $ETH. You can thank me later.” Although the subsequent section of his remarks was deleted, crypto investors saw resonance in his endorsement of Ethereum’s future development.
The Trump family has been progressively involved in the digital asset sector, particularly through their World Liberty Financial platform. This most recent statement serves to emphasize their involvement and potential long-term dedication to blockchain technology.
ETHUSD trading at $2,722 on the daily chart: TradingView.com World Liberty Financial’s Significant Ethereum Transaction World Liberty Financial recently made a substantial move in the crypto space, which has served to further fuel speculation. The firm transferred over $300 million in assets to Coinbase’s custody platform, according to blockchain analytics firm Spot On Chain. Furthermore, they acquired an additional 1,826 ETH for approximately $5 million and converted nearly 20,000 Lido Staked Ether (stETH) into ETH.
World Liberty Financial (@worldlibertyfi) moved $307.41M in 8 assets to #CoinbasePrime 6 hours ago—as part of treasury management and business operations.
Shortly after, the project unstaked 19,423 $stETH to $ETH and further spent 5M $USDC to buy 1,826 $ETH at $2,738.… https://t.co/Rp9NAFUs5N pic.twitter.com/5bfIvJma7U
— Spot On Chain (@spotonchain) February 4, 2025
These transactions indicate that the company is making preparations for the introduction of its “Earn and Borrow” lending protocol. Although the protocol is still in the process of being developed, the substantial transfers suggest that the platform could soon play a significant role in decentralized finance (DeFi).
Ethereum’s Prospects Still Remain Positive As institutional interest is rising and the price of the top altcoin has recaptured higher levels, Ether remains a central focus in the crypto market. Macroeconomic changes, strategic investments, and political influence taken together provide an interesting dynamic for ETH’s future course.
Featured image from Gemini Imagen, chart from TradingView
PANews reported on May 11th that, according to SoSoValue data, the cryptocurrency market is generally trending upward, with the PayFi sector performing particularly well, rising 3.26% in the last 24 hours. Specifically, XRP rose 3.29%, Trust Wallet (TWT) rose 6.55%, and eCash (XEC) rose 12.85%. Meanwhile, Bitcoin (BTC) rose 1.17%, returning above $81,000; Ethereum (ETH) rose 1.75%, approaching $2,400.
In other sectors, Layer 2 rose 2.76% in the last 24 hours, with Mantle (MNT) up 4.12%; DeFi rose 2.56%, with Uniswap (UNI) up 7.72%; Meme rose 2.25%, with TROLL (TROLL) surging 50.14%; Layer 1 rose 2.08%, with Sui (SUI) up 24.00%; AI rose 1.85%, with Unibase (UB) up 13.24%; and CeFi rose 1.57%, with Cronos (CRO) up 6.53%.
XRP traders clash over whether spot ETFs and escrow rules are draining exchange liquidity, with validators citing 16B XRP on CEXs versus viral 1.5B shock claims.
Summary
A viral post claimed XRP ETFs had cut exchange balances to 1.5B coins, projecting a 2026 supply shock tied to the proposed CLARITY Act. An XRP Ledger validator countered that major exchanges collectively hold about 16B XRP, arguing markets remain liquid and highly responsive to new supply. Other traders pointed to escrow unlocks, ETF custody wallets and institutional accumulation as factors that could still tighten effective circulating supply over time. A debate over XRP supply constraints has emerged among cryptocurrency market participants following circulation of exchange balance data and claims that exchange-traded funds are rapidly depleting available liquidity.
XRP and supply constraints A Dec. 27 post on social media platform X from account unknowDLT stated that XRP ETFs are absorbing supply, with approximately 1.5 billion XRP (XRP) remaining on exchanges and roughly 750 million absorbed in recent weeks. The post projected a potential supply shock by early 2026, linking the forecast to proposed regulatory legislation referred to as the “Clarity Act.”
An XRP Ledger dUNL validator operating under the name Vet disputed the analysis on Dec. 28, providing data indicating exchange balances closer to 16 billion XRP rather than 1.5 billion. According to Vet’s response, the higher figure represents XRP readily available to market participants.
Vet stated that exchange balances and order-book liquidity fluctuate based on price movements and market incentives, arguing that supply shock scenarios require immediate allocation imbalances rather than gradual accumulation trends. The validator noted that XRP holders can transfer tokens to exchanges within three to four seconds, creating dynamic rather than static supply conditions.
“Markets are too dynamic to statically plot movements,” Vet wrote in the Dec. 28 post, adding that buying pressure of varying magnitudes can produce different price effects depending on market conditions.
Questions regarding wallet identification accuracy emerged during the discussion. Cryptocurrency commentator Zach Rector raised concerns about specific data points in the exchange balance calculations. Vet responded that the published figures should be considered conservative estimates, citing Upbit as holding approximately 2 billion XRP across four wallet addresses, representing only a portion of that exchange’s total holdings.
Market participant Dman Trader countered that effective circulating supply could tighten due to custody structures, escrow release schedules, and institutional accumulation patterns. The account referenced monthly escrow mechanics and claimed ETF holdings stored in dedicated XRP Ledger wallets represent approximately 1% of total supply accumulated over recent months.
Vet acknowledged that Ripple facilitates supply transfers for ETFs according to company reports, but maintained that genuine supply shocks require immediate allocation imbalances rather than steady institutional buying. The validator stated that with 16 billion XRP on exchanges and additional billions in Ripple operational accounts, sufficient liquidity exists for current market demand.
The exchange highlights differing interpretations of on-chain data and market structure within the XRP trading community following the launch of spot XRP ETFs in the United States. Exchange balance trends and their implications for price discovery remain subjects of ongoing analysis among market participants.
The integrity of cryptocurrency trading volume is of growing importance for many stakeholders in the cryptoeconomy. Now, another service with big cryptoverse backers has arrived to further actualize “transparent data infrastructure” in the space.
On August 27th, cryptocurrency data company Nomics unveiled its new so-called Transparency Volume service, which the startup hailed as the first time a cryptocurrency market aggregator site “has designated a percentage of trading volume for a given cryptoasset as “transparent.”
As the firm explained in its announcement, its process for arriving at what volume data is considered reliable involves relying on cryptocurrency exchanges that provide high-quality data:
“Transparent volume represents the amount of volume deemed ‘trustworthy’ and high quality by Nomics. ‘Transparent Volume’ might just as well be called ‘Trustworthy Volume’ […] Specifically, transparent volume is the amount of volume for a given cryptoasset that’s moving through transparent exchanges (i.e. exchanges to which we’ve awarded an A+, A, or A- transparency rating).”
Nomics, which counts ecosystem stalwarts like Coinbase Ventures, Polymath Network, and Digital Currency Group among its investors, said the new service offering was considerably influenced by Bitwise Investments’s springtime report to the U.S. Securities and Exchange Commission (SEC).
That Bitwise report made waves in the space for asserting that approximately “95% of reported volume [to data aggregators] is fake,” suggesting many smaller cryptocurrency exchanges are not trustworthy.
Some Takeaways from Transparency Volume on Day One At launch, the new Nomics dashboard service indicated that the largest big-cap cryptocurrencies with the most transparent trading volume over the last 24 hours were BNB (33 percent), bitcoin (17 percent), Monero (15 percent), XRP (11 percent).
Less transparent among the top coins were litecoin (9 percent), EOS (8 percent), ether (7 percent), USDT (5 percent), and bitcoin cash (2 percent), according to the service.
Nomics suggested in their announcement that honing in on this kind of data could eventually help pave the way to the SEC approving a Bitcoin ETF in the United States:
“One of the SEC’s major concerns in approving a Bitcoin ETF is the percentage of trading volume that is unsurveilled and subject to manipulation, toxic influences, etc. Our transparent volume metric is intended to help institutions, state actors, and investors assess the percentage of reported trading volume for a given cryptoasset that is auditable and transparent.”
At press time, the cryptocurrency gave “A” transparency ratings to many of the space’s most recognizable trading platforms, including Binance, Coinbase Pro, Kraken, Bitstamp, Poloniex, Ethfinex, Gemini, and bitFlyer. Some of the firm’s “A+” platform’s included Deribit, IDEX, and Belfrics.
Toward Better Knowledge Some take cryptocurrency data at face value, but new understandings can be unlocked by approaching the data in different ways.
For example, the bitcoin dominance rate — the amount of the cryptoeconomy’s market cap that bitcoin (BTC) alone is responsible for — is currently hovering around 70 percent, according to most data aggregator sites.
But there might be a better way to compute that metric. For one, blockchain analytics firm Arcane Crypto recently released a report that the suggested the bitcoin dominance rate was actually above 90 percent in weighting all cryptocurrencies’ market caps against their trading volumes.
Another example is emphasizing “realized cap” stats instead of straightforward market cap data. As Coin Metrics’s Nic Carter has previously explained, the realized cap of bitcoin “roughly … measures the average cost basis of Bitcoin holders.” Notably, the original cryptocurrency’s realized cap just crossed the $100 billion USD mark.
Realized cap roughly (but not perfectly) measures the average cost basis of Bitcoin holders. It takes into account the price at which a given coin last changed hands (rather than treating them uniformly, as market cap does) https://t.co/lm2QDGoYsd
— nic ???? carter (@nic__carter) August 26, 2019
In a similar way, the aforementioned Nomics approaches the traditional metric of cryptocurrency trading volume in a new way so as to provide a more accurate depiction of the activity that is actually occurring.
Going forward, it seems likely that better data clarity could increasingly assuage regulators’ concerns toward the ecosystem.
William M. Peaster
William M. Peaster is a professional writer and editor who specializes in the Ethereum, Dai, and Bitcoin beats in the cryptoeconomy. He's appeared in Blockonomi, Binance Academy, Bitsonline, and more. He enjoys tracking smart contracts, DAOs, dApps, and the Lightning Network. He's learning Solidity, too! Contact him on Telegram at @wmpeaster
Strategy, formerly known as MicroStrategy, the largest public holder of Bitcoin (BTC), finds itself at the center of a stormy controversy involving JPMorgan as Bitcoin prices continue to struggle.
With signs of a potential bear market emerging, fresh rumors suggest that one of the world’s largest banks allegedly holds a significant short position on Strategy’s stock (MSTR), which has plunged 69% from its record high of $543 per share last year.
Strategy Faces Potential MSCI Exclusion The turmoil escalated last week when JPMorgan issued a warning that Strategy might soon be removed from major equity indices, specifically the MSCI USA Index.
JPMorgan’s analysts noted that the issues facing Strategy extend beyond the recent downturn in cryptocurrency prices, which have seen Bitcoin fall more than 30% from its all-time highs.
As of this writing, Bitcoin is trading around $86,000, while the broader crypto market has experienced a staggering $1 trillion decline in total market capitalization over the past month.
JPMorgan’s analysts indicated that MSCI is considering whether companies with over 50% of their total assets in digital currencies should qualify for inclusion in traditional equity indices. Given that Strategy’s balance sheet is heavily weighted with Bitcoin, it is at significant risk of exclusion.
The analysts stated that “MicroStrategy [is] at risk of exclusion from major equity indices as the January 15th MSCI decision approaches.” They speculated that removal from the MSCI could trigger approximately $2.8 billion in outflows, and if other index providers follow MSCI’s lead, the total could reach as high as $8.8 billion.
The situation is complicated by market dynamics, particularly the timing of JPMorgan’s bearish note, which coincided with Bitcoin’s weakness and MSTR’s decline, all while liquidity was thin and overall sentiment fragile.
JPMorgan Faces Account Closures Surge According to analysts at the Bull Theory, JPMorgan has been noted for timing its market reports—bearing down when prices are already weak and striking a more bullish tone near market peaks.
The analysts have highlighted that share lending for MSTR has reportedly increased, allowing brokers to lend shares to short sellers, which can exacerbate downward pressure on the stock price.
Additionally, there are escalating reports of widespread account closures at JPMorgan, with thousands claiming to have exited due to perceived manipulation of both MSTR and Bitcoin.
Amid these developments, the fear of a potential short squeeze is growing. The analysts believe that if Strategy’s stock were to rally around 40% to 50%, it could trigger a short squeeze in the bank’s position and spell major financial troubles.
In response, Michael Saylor, the CEO of Strategy, has sought to clarify the company’s identity, emphasizing that it is not just a passive Bitcoin holder. He pointed out that Strategy operates as a software business with an active financial strategy, countering the narrative circulating around MSCI’s concerns.
As the situation unfolds, several key points emerge. The October 10th crash appeared to align with the MSCI announcement, coinciding with an already fragile market state. JP Morgan’s strategic timing of its bearish insights has amplified existing fears, creating further uncertainty as MSCI’s final decision looms.
The daily chart shows MSTR’s valuation trending downwards, trading below $170. Source: MSTR on TradingView.com Featured image from DALL-E, chart from TradingView.com
The Ethereum (ETH) price is trading with a bullish bias, holding well above the support provided by a longstanding ascending trendline.
While a critical resistance holds on the 4-hour timeframe, positive ETH ETF flows on Monday inspire hope.
Over $5 Million Ethereum ETF Inflows on Monday Fuels ETH Price SurgeThe Ethereum price continues to show strength, at least on the 4-hour timeframe, drawing tailwinds from over $5 million in ETF inflows on Monday.
Data on SoSoValue shows that on January 12, spot Ethereum ETFs reported a total net inflow of $5.042 million. With this, they effectively ended a 3-day net outflow streak.
Ethereum ETF Flows. Source: SoSoValueAmidst the positive flows, however, BlackRock’s ETHA ETF bled $79.9 million, marking the only outflows on Monday as Fidelity, Bitwise, VanEck, Invesco, and Franklin Templeton posted zero flows.
Conversely, 21Shares recorded $5 million in positive flows, alongside Grayscale’s $50.7 million and $29.3 million inflows from its ETHE and ETH investment products, respectively.
As of January 12, the cumulative total net inflows into Ethereum ETFs was $12.44 billion, with up to $940.66 million in total value traded and $18.88 billion in total net assets. Notably, the total net assets account for over 5% of Ethereum’s market capitalization.
Elsewhere, Bitcoin spot ETFs saw a total net inflow of $117 million, marking a shift from four consecutive days of net outflows. Meanwhile, Solana spot ETFs recorded a total net inflow of $10.67 million, while XRP spot ETFs saw a total net inflow of $15.04 million.
Ethereum Price Outlook After $5.04 Million Monday InflowsWith the Ethereum price holding well above the multi-week support offered by the ascending trendline, the dominant trend remains bullish.
With the RSI (Relative Strength Index) rising, momentum is increasing, and if sustained, the ETH price could potentially realize further gains. However, the RSI position around the 50 level leaves a lot on the balance, with price action susceptible to bearish takeover.
However, its overall trajectory and position above 50 means the bulls have the upper hand, a sentiment that could be enhanced if Tuesday’s flows also come in positive for ETH ETFs.
Traders looking to take long positions for the Ethereum price, therefore, should wait for a decisive candlestick close above the $3,150 resistance level. This can be confirmed by a successful retest of that level, where price breaks above it, retests it, and manages to still hold above it on the 4-hour timeframe.
Such a move could see the Ethereum price target the $3,223 to $3,296 supply zone next, a bearish order block that stands in Ethereum’s path toward reclaiming its peak prices.
Ethereum (ETH) Price Performance. Source: TradingViewConversely, with the Ethereum price confronting immediate resistance at $3,150, the volume profiles show significant opposing forces at current price levels around $3,134. This is evident in the large nodes of bullish (green horizontal bars) and bearish (red) volume profiles on the chart.
However, with more bearish nodes and bullish nodes, the Ethereum price could pull back, which would be accentuated by negative ETH ETF flows on Tuesday.
In the event of a correction, the bullish thesis for the Ethereum price would be invalidated if the support due to the ascending trendline breaks, which could see ETH retest the $3,058 levels last seen on January 9.
While Ethereum (ETH) and XRP Exchange-Traded Funds (ETFs) ended March in negative territory, Bitcoin (BTC) funds recorded their best monthly performance of the year despite weak market sentiment and geopolitical tensions.
Bitcoin ETFs End Negative Spell Bitcoin ended the first quarter of 2026 by breaking out of a five-month negative streak, closing with a positive performance for the first time since September 2025. The flagship crypto has been in a downtrend over the past six months, retracing over 50% from its October all-time high of $126,000.
As its price closes the month in green, US spot BTC-based ETFs have also ended a multi-month negative spell on Tuesday. According to SoSoValue data, the funds pulled in $1.32 billion in March, registering their first monthly gain in 2026.
Bitcoin ETFs end five-month outflows streak. Source: SoSoValue The category has been registering outflows since November, with cumulative outflows of around $6.3 billion until February. Nate Geraci, co-founder of the ETF Institute, previously highlighted that spot Bitcoin ETF investors have “largely displayed diamond hands” despite the ongoing market correction and negative sentiment.
As reported by NewsBTC, Geraci argued that the funds’ cumulative outflows since the October 10 crash were insignificant compared to the $56 billion in cumulative total net inflows the category has experienced since its January 2024 debut.
Despite the positive monthly close, BTC ETFs ended a four-week inflow streak after investors pulled out $296.18 million from the investment products. Additionally, the funds ended Q1 on a negative note, as March inflows couldn’t offset the $1.81 billion redemptions from January and February.
Therefore, spot Bitcoin ETFs closed the first quarter of 2026 with $496 million in outflows, their second-worst quarterly performance after Q4 2025’s $1.15 billion cumulative outflows.
Solana Leads Altcoin ETFs Performance Similar to Bitcoin, Solana (SOL) ETFs closed March on a positive note and led altcoin-based funds, with inflows worth $45.44 million. This performance brought SOL investment products’ quarterly inflows to $213.1 million.
Notably, the category has not seen monthly outflows since its launch in October 2025, printing six consecutive months of inflows. Following this performance, Solana ETFs are near the $1 billion milestone, currently having cumulative net inflows of $979.3 million.
Nonetheless, Ethereum funds tell a different story, closing the month with $46 million in outflows. Unlike Bitcoin, the second-largest cryptocurrency extended its negative streak to five months, recording total outflows worth $3.21 billion since November.
In addition, ETH investment products saw $769 million outflows in Q1. CoinShares recent report noted that Ethereum led all assets in outflows last week, shedding over $200 million for the second straight week, which may signal that institutional demand for the second-largest cryptocurrency has been slowing.
Meanwhile, XRP funds recorded their first monthly outflows after investors pulled $31.3 million from the ETFs. The category has recorded a remarkable performance since launching in November, with over $1.24 billion in inflows in the first four months.
It’s worth noting that despite the March setback, XRP ETFs saw positive net flows worth $42.52 million during the first quarter of 2026, only behind Solana funds.
Bitcoin trades at $68,523 on the one-week chart. Source: BTCCUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
Leading cryptocurrencies rose alongside stocks on Monday as investors embraced a risk-on mood following the declaration of a peace deal with Iran.
Crypto Market Gains MomentumBitcoin extended gains, rising to an intraday high of $67,248 as trading volume jumped 40% over the last 24 hours. Ethereum topped $1.800 while XRP was up 4.5% from the previous day.
Over $480 million was liquidated from the market in the last 24 hours, predominantly in short bets, according to Coinglass data. Notably, more than $300 million in Bitcoin short positions were at risk of liquidation if the apex cryptocurrency rose to $70,000.
Meanwhile, Bitcoin's open interest rose 2.06% in the last 24 hours, suggesting an influx of new money into the futures market.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.27 trillion, following an increase of 1.59% over the last 24 hours.
Stocks Enter Record TerritoryThe stock market started the new trading week on a high. The S&P 500 climbed 1.65% to 7,554.29, while the tech-heavy Nasdaq Composite surged 3.07% to close at 26,683.94. The Dow Jones Industrial Average gained 468.77 points, or 0.92%, for a record close of 51,671.03.
The rally followed President Donald Trump's declaration that the peace deal with Iran is "complete" and that the Strait of Hormuz is open for normal traffic. The deal is due to be signed in Switzerland on June 19.
Pullback: A Long-Term Buying Opportunity?Widely followed cryptocurrency analyst and trader Michaël van de Poppe said that Bitcoin has entered a zone where one'd want to be accumulating positions "over a longer period."
"It doesn’t mean we’ll be bottoming out here, but we’re at least close, and the ROI of buying here has historically been incredible," the analyst said. "That’s primarily why I’m not selling positions and instead want to stick with them as a whole."
On-chain analytics firm Santiment said the latest rally seems to be driven "as much by expectations as by current fundamentals."
"If inflation pressures ease and institutional investors finally begin feeling more comfortable themselves, the sharp gains following this announcement may end up looking less like a one-day relief rally and more like the opening chapter of a much larger bull cycle," the research firm added.
Photo Courtesy: Sodel Vladyslav on Shutterstock.com
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For months, XRP holders have watched price action struggle to gain meaningful traction. Yet beneath the surface, two developments are quietly reshaping the conversation around the asset. The latest XRP news centers on Ripple securing preliminary MiCA approval in Europe and a notable shift in Binance transaction behavior that has persisted for an entire week.
Neither event guarantees a price reversal. Still, both point toward growing institutional relevance and changing user behavior at a time when market participants have been searching for reasons to turn constructive.
Ripple Gets Europe’s Regulatory Green LightRipple announced that it has received preliminary MiCA approval to offer regulated crypto payment services across Europe. The approval effectively moves the company closer to legally providing crypto and stablecoin-based payment infrastructure to banks and businesses throughout the European Union.
MiCA is widely viewed as one of the most comprehensive crypto regulatory frameworks globally. According to details shared around the announcement, regulators issued Ripple a “green light letter,” indicating the company has met major requirements while final conditions remain before a full license is granted.
For Ripple, the implications extend beyond compliance. The approval opens the door for broader adoption of its payment technology, including RLUSD, among institutions seeking regulated cross-border settlement solutions.
Institutions Could Finally Join The NetworkThe significance of the development lies in accessibility. European banks and businesses may eventually gain a compliant pathway to use Ripple’s infrastructure for international payments. In an industry often slowed by regulatory uncertainty, obtaining preliminary approval under MiCA provides an important credibility boost.
More importantly, it strengthens the long-term utility narrative surrounding the broader XRP ecosystem. While traders often focus on daily price fluctuations, infrastructure milestones tend to have a longer shelf life than short-lived market hype.
Binance Data Shows A Curious ShiftAt the same time, on-chain activity is telling an interesting story. According to CryptoQuant data shared by Amr Taha, XRP withdrawal transactions on Binance have dominated deposit transactions for seven consecutive days since June 17. On June 23, withdrawals accounted for 53.8% of transaction activity, the highest level recorded since June 2024.
Meanwhile, deposit transactions fell to 46.1%, marking their lowest reading since 2024. The result is a 7.7 percentage-point gap favoring withdrawals.
It’s important to note that this metric tracks the share of transactions rather than the dollar value of XRP being moved. Even so, the persistence of withdrawal dominance stands out because it reflects a sustained behavioral shift rather than a one-day anomaly.
Why XRP Holders Are Paying AttentionMarkets rarely move on a single catalyst. However, a combination of expanding regulatory legitimacy and consistent withdrawal activity is enough to keep investors watching closely.
The XRP price may not be reflecting that optimism yet, but the latest XRP news suggests that adoption and network behavior are moving in a direction many long-term participants would prefer. Whether that ultimately translates into a stronger trend remains the question traders will be monitoring in the weeks ahead.
Story Ends Here
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An XRP holder has lost 14,646 XRP, worth about $16,800, after falling victim to a payment request scam on the XRP Ledger (XRPL).
The incident has sparked interest in the XRP community, as a fraudulent transaction request disguised as a verification prompt. Notably, the scam involved a transaction with the hash “84AFDEB4…FBA5FD.”
Fake XRP Rewards Offer Tricked Victim The victim was attracted by a promise of “10% monthly rewards” and a memo attached to the transaction request that read, “Safe XRPL verify message.”
However, the word “Safe” gave the transaction no legitimacy. A scammer created the memo to make the request appear official and trustworthy.
The victim eventually approved the pre-filled transaction request. As a result, 14,646 XRP was sent to the address “rNVdQM2A…wwbmH3,” which has since been flagged as fraudulent on XRPL explorers.
How XRPL Payment Requests Work Meanwhile, payment requests are a legitimate feature on the XRP Ledger. They are supported by wallets such as Xaman and allow users to receive pre-filled payment requests through links or QR codes.
These requests include a destination address, payment amount, and an optional memo. Users normally review the details and approve the transaction if everything looks correct.
The feature is common for invoices, peer-to-peer payments, and tipping. However, scammers abuse it by creating requests that imitate verification messages or reward programs.
Always Double-Check Transactions Following the incident, XRP community members urged users to be extra cautious. They noted that terms like “safe,” “verify,” or “reward” do not prove a transaction is legitimate.
Users should also verify destination addresses through blockchain explorers such as Bithomp or XRPScan before signing any transaction.
Investors should also avoid unsolicited links and offers promising unusually high returns. Notably, legitimate projects rarely require users to send XRP first in exchange for rewards or account verification.
The incident is another reminder that blockchain transactions are irreversible. A single mistaken approval permanently transfers funds to scammers.
Reacting to the incident, X user Wade Canell disclosed he traced his stolen assets to a specific exchange account and provided the information to law enforcement. According to the comment, efforts to have the funds frozen were unsuccessful, and the user expressed frustration with the response from local authorities.
Another user, Agent_Sam20, said he previously lost 40,000 XRP in a scam and urged others to carefully review every transaction before approving it. He noted that while stolen funds are traceable on-chain, recovery is far from guaranteed, even when incidents are reported quickly.
Reactions from community members DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
The Ethereum ecosystem witnessed the largest losses in 2024 amid a massive rise in crypto hacks.
According to a Cyvers report, the Web3 ecosystem suffered staggering financial losses in 2024, with over $6 billion drained through hacks, exploits, and cyberattacks, with Web3 hacks resulting in $2.3 billion loss.
Among the affected blockchains, Ethereum emerged as the hardest hit, accounting for 51% of these losses. Notably, as the backbone of decentralized finance (DeFi), Ethereum’s widespread adoption and liquidity made it a primary target for cybercriminals.
Alarming Growth in Web3 Security Breaches The numbers highlight a troubling trend. Losses soared by 40% compared to 2023, showing how hackers are evolving faster than ever. The year saw $2.3 billion siphoned from blockchain projects, exchanges, and DeFi platforms, with Ethereum users bearing the brunt.
According to Cyvers, the quarterly breakdown showed consistent financial damage, with Q1 losses reaching $517 million, Q2 rising to $587 million and Q3 peaking at $669 million. Interestingly, in Q4 2024, losses slowed to $130 million.
Although 2024’s total remained below the $3.78 billion record set in 2022, the upward trajectory signals worsening vulnerabilities in the Web3 space.
Why Ethereum Was a Prime Target Ethereum’s dominance in the DeFi ecosystem made it particularly vulnerable. Its extensive user base and massive liquidity pools presented hackers abundant opportunities. From smart contract flaws to access control weaknesses, attackers leveraged every vulnerability.
While Ethereum suffered the most significant financial damage, other blockchains also endured heavy hits. The BNB Chain accounted for 24% of losses, while Bitcoin, XRP, and Arbitrum each faced smaller but substantial breaches.
Access Control Failures Security lapses involving access controls were the primary culprit behind the year’s crypto losses, contributing to 81% of the stolen funds. Weak authentication and poor permission management left users and projects exposed.
The remaining 19% stemmed from smart contract exploits. Hackers exploited coding errors to manipulate systems, drain funds, and compromise platforms. Together, these vulnerabilities showed the pressing need for better security practices across the industry.
Major 2024 Hacks The Cyvers report also called attention to some of the most high-profile incidents of 2024. For instance, DMM Bitcoin lost $305 million, while PlayDapp saw $290 million vanish. Other notable breaches included WazirX, which lost $235 million, and Radiant Capital, which suffered a $55 million theft.
While some funds were recovered, success rates declined sharply as the year progressed. Early 2024 saw promising recoveries, with $620 million reclaimed in Q1 and $562 million in Q2. However, this momentum faded by Q4, with only $25 million recovered during the final months.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Bitcoin price is testing the USD 19,500 support.Ethereum is consolidating near USD 1,050, XRP is stable near USD 0.312.SRM and QNT are the best performers today.Bitcoin price followed a bearish path below the USD 20,500 level and even declined below the USD 19,500 support zone before moving higher again. It is currently (04:00 UTC) consolidating near USD 19,500 and is down 2% in a day and 3% in a week.
Similarly, most major altcoins are showing bearish signs. ETH traded below the USD 1,070 support zone and tested USD 1,050. XRP is consolidating near USD 0.312. ADA tested the USD 0.420 support zone.
Total market capitalization
Source: CoincodexLearn more: Crypto Falls Ahead of US Inflation Figure as Bitcoin On-Chain Metrics Signal ‘Oversold Conditions’
Bitcoin priceIn the past three sessions, bitcoin price saw bearish moves below the USD 21,200 level. BTC traded below the USD 20,500 support and even settled below USD 20,000. There was a spike below the USD 19,500 level before the bulls appeared. The next major support is near the USD 19,200 zone, below which the price could decline towards the USD 18,800 support.
On the upside, the price might struggle near the USD 20,000 level. The next major resistance could be USD 20,500, above which bitcoin could start a recovery wave.
Ethereum priceEthereum price declined further below the USD 1,070 level. ETH even spiked below the USD 1,050 level before moving back. It is now consolidating near the USD 1,050 level and is down 3% in a day and 7% in a week. On the upside, the price might face resistance near USD 1,100. The next major resistance is at USD 1,120, above which the price could aim for a steady recovery.
If there is no upward move, the price might even test the USD 1,000 support. The next major support is near USD 950, below which the price could revisit the USD 900 support zone.
ADA, BNB, SOL, DOGE, and XRP priceCardano (ADA) declined below the USD 0.434 support zone. It even spiked below the USD 0.42 support zone before recovering. Any more losses might send the price towards the USD 0.40 level.
BNB extended decline below the USD 225 support zone. The next major support is near the USD 220 level. A downside break below the USD 220 level might send the price towards the USD 200 level.
Solana (SOL) is moving lower towards the USD 32 support zone. If there is a break below the USD 32 level, the price might continue to move down towards the USD 30 level.
DOGE is down almost 3% and there was a brief spike below the USD 0.060 support level. The next key support is near USD 0.0585, below which the bears might aim for a move towards USD 0.0550 in the near term.
XRP price is now consolidating near the USD 0.312 level. The main support is still near the USD 0.302 zone, below which the price might drop towards USD 0.288.
Other altcoins market todayMany altcoins are in the red zone, including DOT, SHIB, AVAX, MATIC, LTC, FTT, CRO, ATOM, VET, ICP, and XTZ. Conversely, SRM and QNT are the two best performers among the top 100 cryptoassets by market capitalization today as they both jumped almost 8%. SRM trades above USD 1 and is also up 37% in a week, while QNT moved above USD 83, increasing its weekly gains to 41%.
Overall, bitcoin price is showing bearish signs below the USD 20,000 level. If BTC settles below the USD 19,500 support, it could decline further in the coming sessions.
XRP (CRYPTO: XRP) became the best-performing large-cap cryptocurrency Monday following the launch of Ripple Labs' USD-backed stablecoin RLUSD.
What happened: The payments-focused cryptocurrency rose 3.51% in the last 24 hours, outpacing the returns of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
With the latest push, XRP's monthly gains zoomed to 138%, the biggest among cryptocurrencies in the top 10 by market capitalization.
The rally was likely powered by significant buying interest from whale investors. Noted cryptocurrency analyst Ali Martinez highlighted that whales purchased over 830 million XRP, worth over $2 billion at prevailing market prices.
See Also: If You Invested $1,000 In Bitcoin When The First Bitcoin ETF Was Filed, Here’s How Much You’d Have Today
The readings of moving averages supported the coin’s bullish potential. XRP's price was greater than nearly all of its exponential moving averages and simple moving averages, indicating that investors’ current expectations are higher than their average expectations over the past period.
However, the Moving Average Convergence Divergence indicator, which compares two exponential moving averages, flashed a ‘Sell' signal.
The Bull Bear Power indicator, used for measuring the strength of buyers and sellers in the market, was ‘Neutral" as of this writing.
Moreover. XRP's Open Interest, a measure of its speculative interest, rose 5.26% in the last 24 hours and nearly 450% since Nov. 5, the presidential election day, data from Coinglass revealed.
About 75% of all Binance traders with an open interest were positioned long on the asset, signaling the expectation of further upsides.
Why It Matters: Optimism around XRP was tied to several factors, with the most notable being the launch of RLUSD from Ripple, a payments company that uses XRP for its operations.
Ripple President Monica Long said Monday that the release marked a new chapter for the XRP Ledger, the blockchain technology powering Ripple's operations.
Ripple planned to position RLUSD for a range of financial applications, including instant cross-border settlements, Treasury operations, and integration with decentralized finance protocols.
Furthermore, with SEC Chair Gary Gensler’s tenure coming to an end and being succeeded by cryptocurrency-friendly Paul Atkins, investors feel more confident about XRP.
Ripple has been locked in a nearly four-year-long legal battle with the SEC over the status of XRP, and any change in the agency’s top leadership is viewed with optimism.
Price Action: At the time of writing, XRP was exchanging hands at $2.49, up 3.65% in the last 24 hours, according to data from Benzinga Pro.
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Cryptocurrency exchange Altsbit is shutting down this May. The exchange made the announcement after reporting an alleged security breach earlier this month.
In a statement, Altsbit says a hack late last week led to the theft of nearly all of the exchange’s Ethereum (ETH), Bitcoin (BTC), VersusCoin (VRSC), Komodo (KMD) and Pirate Chain (ARRR) holdings.
“Unfortunately, we have to notify you with the fact that our exchange was hacked during the night, and almost all funds from BTC, ETH, ARRR, and VRSC were stolen. A small part of the funds are safe on cold wallets.”
Altsbit says the hackers took roughly 6.929 BTC, 2.321 ETH, 3,924,082 ARRR, 414,154 VRSC and 1,066 KMD. The total amount of ETH and BTC lost was less than $70,000 and reportedly dealt a lethal blow to the nascent exchange.
The cryptocurrency exchange says affected users should apply for partial refunds and that remaining funds will be used to refund users until May 8th.
Source: altsbit.com The company further advises users to be wary of anyone pretending to be Altsbit employees who are allegedly distributing refunds.
Just last year, hackers bagged approximately $282,617,000 in leading cryptocurrencies, including Bitcoin, Ethereum, XRP, Litecoin and Bitcoin Cash, from a wide variety of crypto exchanges.
The crypto market is showing strong upward momentum, with Bitcoin hitting $80,000 and several altcoins such as Ethereum, XRP, Dogecoin, Zcash, and Terra Luna Classic (LUNC) posting notable gains today.
The Crypto Fear & Greed Index improved to neutral sentiment on rising CLARITY Act odds, robust ETF inflows, and early bull market predictions by analysts have triggered a rally.
Bitcoin Hits 80,000 amid Short Liquidations in XRP, Dogecoin, Zcash, and LUNC Bitcoin surpassed the key $80,000 level to hit a high of $80,596, rising almost 3% over the past 24 hours. It is supported by a massive 114% rise in trading volume.
The total crypto market cap climbed almost 2% amid institutional demand and strong spot Bitcoin ETFs inflows of around $630 million on the last trading day to signal renewed investor confidence.
White House crypto adviser Patrick Witt signaled advances for a long-awaited CLARITY Act, with lawmakers eyeing a markup in May following a stablecoin yield compromise.
According to a Reuters report on May 4, President Trump said the US will help stranded ships leave the Strait of Hormuz. Easing geopolitical tensions has reduced selling pressure and encouraged short squeezes.
The crypto market recorded over $302 million in short liquidations today. Bitcoin, Dogecoin, XRP, Zcash, and Terra Luna Classic (LUNC) saw massive liquidations. According to CoinGlass data, nearly 110K traders were liquidated, with a total liquidation of $370 million in 24 hours.
Top Experts Predict Further Upside Bitcoin retraces to trade at $79,845 after profit booking in the last few hours. The 24-hour low and high are $78,281 and $80,596, respectively. However, experts signal further upside in Bitcoin and broader crypto market.
Cypherpunk and Blockstream CEO Adam Back put the spotlight on BTC 200-week moving average surpassing $60K. On the weekly chart, Bitcoin flashes bottom signals as it continues to hold above the 10-year ascending trendline, which historically suggested the bottom.
As CoinGape reported earlier, Grayscale Research signaled Bitcoin bottomed in the $65,000-$70,000 range. The Bitcoin Bull Index also turned neutral for the first time in six months, per CryptoQuant research head Julio Moreno.
BIT (formely Matrixport) said investors make more returns by investing when sentiment is negative. The firm added that sentiment is high but still has room to run. BIT predicts further upside as long as the Greed & Fear Index trend higher.
10x Research said “Bitcoin just triggered the first of our bull market signals, and the medium-term technical picture is improving faster than most realize.” Two consecutive months of positive returns, rising ETF inflows, and funding rates point to a market with significant room to run.
However, Bitcoin options are flashing a slight warning, while Ethereum options are telling a more cautious story. Moreover, a divided Fed, overbought equity markets, and the US-Iran peace talks risks could impact the bullish thesis.
Bitcoin Flashes First Bull Market Signal. Source: 10x Research Dogecoin jumped more than 4% to extend the weekly rally to over 15%. It benefits from broader crypto market strength and X cashtags for Dogecoin, XRP and other crypto assets.
XRP reclaims $1.41 amid positive ETF flows, CLARITY Act markup hopes, and huge whale accumulations. As CoinGape reported earlier, XRP poised for a rally as on-chain data indicated supply shock on Binance.
Zcash (ZEC) and LUNC are recording massive rallies in the last few days, with Terra Luna Classic skyrocketed 60% over the past week. Endorsements from Grayscale’s Barry Silbert and Arthur Hayes’ $400 prediction for Zcash triggered further rebound.
Terra Luna Classic (LUNC) rocketed more than 7% today, currently trading at $0.0000924. Binance’s LUNC token burn, Software upgrade v4.0.1, and community-driven volatility continue to fuel positive sentiment.
LUNC Breakout Above Multiple Moving Averages If you’re looking to buy the dip in the crypto market across both centralized and decentralized lending models, check out our Best Crypto Loan Platforms of 2026 recommendations list.
It’s been a good month for Bitcoin (BTC) holders, but it’s not yet clear what the latest movements mean for the rest of the market. While the leading virtual currency has gone from strength to strength – up more than 200% since the bottom in December – altcoin values have lagged behind.
Since the latest ‘bitcoin boom’ began in early April, the best-performing large cap currencies have been Binance Coin (BNB), with a modest gain of 50% , and Ether (ETH), whose price roughly doubled during that timeframe.
Prices for XRP grew by around 50% by the end of June, before reversing almost all of their gains. Similar losses befell Litecoin (LTC), Bitcoin Cash (BCH), EOS and TRON (TRX), each of which has slid back to the prices of early April.
Bitcoin dominance has also grown, indicating that BTC widened its lead over the rest of the market. After comprising roughly 51% of the crypto market in April, BTC now accounts for 66% of total market capitalization.
Source: CoinMarketCap “When these buyers enter the market, one of the first assets they go to – because of its brand, its liquidity, and its accessibility – is Bitcoin,” explained Kevin Murcko, CEO of CoinMetro. As the most famous digital asset, new investors are most likely to acquire BTC.
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A recent report by U.S. investment bank Morgan Stanley found a declining correlation between Bitcoin and other virtual currencies, which analysts suggested could be a result of “slowing technological development and adoption of these altcoins.”
Some tokens are rising against the ebbing tide. Chainlink (LINK) saw significant growth in the past few months, with prices rising sixfold since the beginning of May. Favorable headlines, like the Coinbase listing and Google integration, may have helped the token beat the market.
But sentiment data suggest that an altcoin rally is still far off. Figures from analytics site TheTIE, which aggregates the number and positivity of crypto-related tweets, found that favorable mentions of the top ten altcoins peaked in late May and has been falling ever since.
Via TheTIE By comparison, Bitcoin sentiment is booming. BTC tweet volume is at its highest level since December 2017, accounting for 64% of cryptocurrency mentions on Twitter. After seventeen months without crossing the 60% mark, Bitcoin tweet volume reached that level at least three times last month.
Via TheTIE Long-term Bitcoin sentiment – which measures positive conversations on Twitter on a 50-day vs. 200-day moving average – is also increasing, despite the latest downturn.
Source: TheTIE “This is still Bitcoin season,” explained Joshua Frank, co-founder of TheTIE. “Bitcoin is continuing to dominate. While Bitcoin’s tweet volume dominance…is volatile, it does appear to be increasing along with market cap dominance.”
A change in sentiment does not necessitate a change in prices, but in a speculative market it’s an easy metric to determine which way the herd is moving. As a case in point, the 2017 ICO boom galvanized interest in altcoins, thereby spreading capital among a wide range of digital assets.
IEOs have failed to attract anywhere near the same level of investment. As the Morgan Stanley report highlights, exchange-launched tokens attracted only $0.2bn of investment in May – a pittance compared to figures raised even at the end of the ICO boom.
Unlike most altcoins, Bitcoin is unique in that it already has a well-established use case: it’s the main currency for crypto exchanges, and acts as a store of value which is not correlated with traditional markets.
With a few exceptions, most altcoins do not have the same appeal for the wider market. For the time being, the original digital cash is likely to remain investors’ plat du jour.
Disclosure: This article was edited by Paddy Baker. For more information on how we create and review content, see our Editorial Policy.
Shiba Inu marketing specialist, Lucie, addresses the FUD surrounding the delisting of Bone ShibaSwap (BONE) from two centralized exchanges.
The Shiba Inu community received disappointing news earlier this week after OKX and ONUS announced plans to delist BONE. While OKX suspended BONE deposits on June 30, ONUS halted BONE purchases and swaps on July 1.
As expected, the delisting of BONE from two centralized exchanges sparked concerns among holders, who saw the value of their BONE holdings plummet massively.
Allegations of Manipulative Delisting Notably, Shiba Inu’s marketing lead took to X to address growing concerns about BONE’s delisting. She described the centralized exchanges as “manipulative.”
According to her, the delisting has nothing to do with BONE’s performance. She asserted that BONE isn’t even among the tokens with the lowest trading volumes on either platform. Lucie emphasized that she would not “chase” exchanges to support Shiba Inu ecosystem tokens.
Lucie Slams Centralized Exchanges She also expressed her belief in decentralized finance (DeFi), noting that the Shiba Inu team has been focused on building within the DeFi space, one that doesn’t require invasive identity checks, including KYC or even, as she sarcastically remarked, “blood samples.”.
Despite the delisting, Lucie emphasized that the team is not backing down and will focus on building out the ecosystem. She further took a swipe at centralized exchanges, claiming they usually list tokens that offer ‘big money.”
According to her, this practice enables them to continue promoting low-effort projects that often disappear within a short time.
Lucie also pointed to the failures of once-prominent centralized exchanges like WazirX, FTX, and Hotbit. Although they appeared solid at first, they were eventually exposed or exploited, serving as cautionary examples against overreliance on centralized platforms.
A Familiar Pattern Furthermore, Lucie noted that other major assets, including SHIB and XRP, have faced similar challenges. In particular, she recalled how several U.S.-based exchanges delisted XRP after the SEC filed a lawsuit against Ripple.
However, these exchanges have since relisted XRP after a federal court ruled that its secondary market sales do not violate federal securities laws.
Currently, BONE is down 18.95% over the past seven days, following its delisting from ONUS and OKX. However, it has recovered some of its losses in the past day, with its price soaring 9.5% to $0.1941.
Meanwhile, BONE remains available for trading on other centralized exchanges, such as Gate.io and HTX, which have seen over $2 million in volume in the past 24 hours.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
On February 6, according to the Coinbob Popular Address Monitor, the "Strategy Whales" address liquidated long positions across multiple tokens totaling approximately $175 million this morning, incurring a total loss of $31.13 million. This loss pushed its account balance from tens of millions of dollars to less than $6 million. Subsequently, the address transferred roughly $8.29 million to Hyperliquid to replenish margin and maintain account operations. Its total account balance has now recovered to around $12.9 million. Details of the liquidated positions are as follows: - Pre-liquidation ETH long position: ~$105 million; Liquidation price: $1,933; Loss: $17.83 million - Pre-liquidation BTC long position: ~$41.52 million; Liquidation price: $65,700; Loss: $6.3 million - Pre-liquidation SOL long position: ~$15.44 million; Liquidation price: $82; Loss: $3.57 million - Pre-liquidation XRP long position: ~$13.88 million; Liquidation price: $1.25; Loss: $3.43 million The address began accumulating positions in December last year with an initial account size of ~$20 million, later gradually adding short positions on major tokens like BTC and ETH. Since its trading direction was opposite to MicroStrategy’s ongoing BTC purchases, the market views this address as a clear "on-chain opponent" to the publicly traded firm. It frequently switches trading directions and has held positions valued at billions of dollars.
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Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
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SK Hynix plans to list on NASDAQ on July 10: A crypto whale opens 90% of its bullish positions in a single day, with all $21.27 million in long positions in unrealized profit.
According to Hyperinsight’s monitoring, SK Hynix officially announced its U.S. listing date today, targeting a July 10 debut on the NASDAQ. The company had previously disclosed a over $29 billion listing fundraising plan yesterday afternoon. Driven by listing optimism, SKHX surged 14% intraday, hitting $1930 at press time, with a daily trading volume of $407 million and open interest of $237 million. Since the news broke yesterday, 10 whales have built positions in SKHX on Hyperliquid, 9 of which opened long positions totaling around $21.27 million, at an average entry price of ~$1797.8 and average unweighted liquidation price of ~$1390.6. With price gains, all 9 long positions are now in unrealized profit. Market data shows that positions of over $1 million amount to roughly $140 million, with a long-short ratio (longs/shorts) of ~0.715. The average entry price for longs is ~$1672, while shorts average ~$1640. The nearest short liquidation threshold stands at $2149, just $200 away from the current price, mounting short-side pressure. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as admin (enable message sending permission) to auto-sync on-chain updates.
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The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.
According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.
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Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
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SK Hynix's stock price rise widened to 15.4%, while Samsung Electronics gained 6.3%.
According to Bitget data, SK Hynix’s stock price gain has widened to 15.4%, with Samsung Electronics up 6.3%.
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The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.
According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.
