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
Market News and Data brought to you by Benzinga APIs
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.
This article examines why Shiba Inu will remain a meme coin despite the numerous projects launched in its ecosystem.
Shiba Inu has been turning heads with its significant developments that have led to the growth of its ecosystem. The rationale behind these moves is to transition SHIB from a meme coin into a utility project.
Shiba Inu Achievements For context, Shiba Inu launched in August 2020, initially focusing on becoming the biggest meme coin in the market, a title Dogecoin has held for several years.
However, everything changed a few months later, as the ecosystem team, led by its pseudonymous founder, Ryoshi, outlined a strategic vision that will potentially transition SHIB from a meme coin to a utility token.
Ever since, Shiba Inu has grown from just a token into an ecosystem, with significant projects like an L2 blockchain (Shibarium), a decentralized exchange (ShibaSwap), and games (Shiba Eternity, Agent Shiboshi, Shiboshi Rush, Lap Dog, and Shibridge).
Other Shiba Inu ecosystem-related projects include SHIB: The Metaverse and non-fungible tokens (Shiboshi and SHEboshi).
Only Factor Keeping SHIB As a Meme Coin Despite these notable achievements, one factor has kept SHIB in the realm of meme coins: its hefty supply.
Unlike most established utility cryptocurrencies like BTC, ETH, XRP, BNB, and SOL, Shiba Inu boasts a hefty circulating supply. This enormous supply is a characteristic common to only meme coins.
Notably, the circulating supply of Bitcoin, Ethereum, XRP, BNB, and Solana currently stands at 19.83 million, 120.59 million, 58.04 billion, 142.47 million, and 508.9 million, respectively.
The limited supply of these established cryptocurrencies makes them attractive to investors, potentially driving up their value. This is evident in the price surge of these assets over the past few weeks.
In contrast, Shiba Inu currently has a circulating supply of 589.25 trillion tokens, akin to most meme coins, which also have astronomical supplies.
This enormous supply of Shiba Inu dilutes the value of each SHIB, potentially making it difficult for the token to witness significant price spikes observed in other limited-supply assets like BTC, ETH, XRP, BNB, and SOL.
Therefore, for Shiba Inu to leave the realm of meme coins, the community must collectively burn a huge chunk of its supply.
Although 410.74 trillion SHIB has been incinerated so far, there is still a need for more burns due to the token’s 589.25 trillion astronomical supply.
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.
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In its recent analysis, market intelligence firm Messari has provided a comprehensive overview of the NEAR Protocol’s performance in Q4 2024. Despite facing headwinds in the broader crypto market, NEAR has demonstrated notable resilience through increased activity and strategic developments.
Drop In Market Cap Ranking But Resilience Through Increased Activity During Q4, NEAR Protocol initially surged, reaching a token price high of approximately $8.19 in December before retracing to around $4.91 by the quarter’s end.
This decline reflected a significant drop in market cap, which fell to approximately $5.73 billion—marking a 2.09% decrease quarter-over-quarter (QoQ).
Consequently, NEAR dropped ten spots in market cap rankings, now sitting at 21st overall, indicating a performance lag compared to other leading assets.
NEAR’s circulating market cap decline over the past year. Source: Messari Despite the challenges in market pricing, NEAR’s revenue, derived from network transaction fees, saw a substantial increase. The revenue grew to about $2.11 million, representing a 26.81% QoQ rise. This growth can be attributed to heightened transaction volumes and decentralized exchange (DEX) activity.
The average transaction fee during the quarter was roughly $0.0031, a 15.91% increase from the previous quarter, further highlighting the network’s operational efficiency.
The NEAR token plays a multifaceted role within the ecosystem, being essential for staking, transaction fees, and storage fees. The protocol maintains a flexible supply model, characterized by an annual inflation rate of 5%.
Of the inflationary rewards, 90% are allocated to validators, while the remaining 10% supports the protocol’s treasury. As of the end of Q4, approximately 95.12% of NEAR’s total supply was in circulation, with about 49.08% actively staked.
The annualized nominal yield from staking was reported at around 8.95%, with a real yield of 4.55%, providing attractive incentives for holders to stake their tokens.
NEAR enjoyed a surge in address activity and transaction volume during Q4. The average daily active returning addresses rose by 15.82% QoQ, reaching 3.55 million, while the average daily new addresses surged by 29.05% to 361,046.
However, the protocol faced a decline in developer activity, with weekly active core developers decreasing by 13.95% to 159 and ecosystem developers falling by 30.34% to 129.
NEAR Balances Market Setbacks With Promising Innovations NEAR’s DeFi total value locked (TVL) concluded Q4 at approximately $240.16 million, reflecting a 4.48% decline from the previous quarter. The Liquid Staking TVL also experienced a decrease of around 10.32% QoQ, settling at about $250.81 million.
Notably, the LiNEAR Protocol’s TVL was approximately $132.41 million, down 8.77%, while Meta Pool’s TVL declined by 11.78% to around $111.70 million.
NEAR’s DeFi TVL during 2024. Source: Messari On a positive note, NEAR’s average daily DEX volume reached approximately $8.45 million, marking a 25.40% increase from the previous quarter. Ref Finance emerged as the leading DEX on the platform, accounting for an average daily volume of $8.35 million.
Q4 also saw an uptick in NEAR’s stablecoin market cap, which grew to about $683.69 million—an increase of 1.88% QoQ and a staggering 880.71% year-over-year (YoY).
The daily chart shows NEAR’s overall downtrend experienced over the past month. Source: NEARUSDT on TradingView.com As of now, the NEAR’s price stands at $3.52, recording a substantial 10% surge in the past two weeks. Yet, still 82% below its all-time record high.
Featured image from DALL-E, chart from TradingView.com
Bitcoin finally pushed past its $9k resistance this past week and the world’s largest cryptocurrency was trading at $9,277, at press time. However, there is growing evidence that Bitcoin is reacting to geopolitical events, according to the Coin Metrics’ latest report. The report added,
“Adjusted transfer value increased by at least 20% for all five cryptoassets in our sample, outpacing the increases in market cap. Bitcoin Cash’s (BCH) adjusted transfer value is relatively even with Ethereum’s (ETH) — over the past week, BCH had a daily average of $217M adjusted transfer value while ETH had $234M.”
Further, Bitcoin‘s transfer value dwarfed Ethereum and Bitcoin Cash’s with a daily average of $11.9 billion.
The market ended the week on a strong note, however, the growth of the CMBI Bitcoin Index was the weakest of all other indexes. According to the aforementioned report, the Bitcoin index reported returns of 9%. However, small-cap assets are leading to the growth of the entire market.
The report also noted that Bletchley 40 assets noted a 16% surge, while MonaCoin, ZCoin, and BitShares posted returns of over 50%. Additionally, Siacoin, Zilliqa, and Nano registered returns of 20% to its users too.
The week was, in fact, an extension of an eventful month the crypto-market has had. Crypto-assets have been largely positive and the Bletchley 20 [mid-cap assets] were reported to be the best performers. The mid-cap assets returned 70% in a month, while large-cap and small-cap assets were tied with ~35% returns over the month.
Source: Coin Metrics
XRP’s active addresses noted a whopping rise of 178.2% over the week, followed by Litecoin’s minuscule 15.4%. XRP transfers also saw a 32.6% surge, with Bitcoin cash [BCH] noting a 13.8% increase.
The American State of Missouri is set to implement a crypto tax rule that will positively impact Bitcoin (BTC), Ethereum (ETH), XRP, and other top-risk assets. This unique move will also impact stocks as the State seeks to become one of the most friendly places for crypto firms to do business. Notably, it comes when many states consider holding Bitcoin as a strategic reserve asset.
Crypto Tax: Missouri Sets New Pace for Bitcoin As reported by Fortune, it is worth noting that the State’s lawmakers have passed the Bill to enshrine this exemption. It has now been sent to Governor Mike Kehoe for final approval. This Bitcoin tax Bill secured only Republican support despite 10 Democrats voting “Present” at plenary this past Wednesday.
If signed into law, an estimated $430 million will be cut from State revenue as the law takes effect this year. The primary concern for Democrats is the shortfall in State funding, which will affect the budget. On the positive side, investors will benefit from the crypto tax allowance as they can hold their assets for much longer.
Many States in America are exploring ways to gain the upper hand in adopting digital currencies. Earlier this week, New Hampshire adopted BTC as a reserve asset after Governor Ayotte signed Bill HB 302 into law.
Under this provision, 5% of the State’s treasury funds can be invested in Bitcoin. Notably, any asset with a market capitalization above $500 billion may also benefit.
Crypto Gaining Traction In the US The digital currency ecosystem is gaining significant traction, fueling the favorable consideration of Bitcoin and crypto tax laws. While states are championing new Bills to drive Bitcoin and crypto adoption, the focus is on regulation in DC.
Despite announcing a strategic crypto reserve, much has not been said in this regard. What is visible to the industry is the pivot by national regulatory agencies toward the nascent asset class. Although the Internal Revenue Service (IRS) has not given new guidance on Bitcoin and crypto tax, the OCC and Federal Reserve have withdrawn guidance restricting banks from engaging in digital currency activities.
This makes the Missouri Bitcoin tax move a strategic one. While the exemption might benefit investors in the short term, it may also attract new crypto companies to the state. This will ultimately position the State to benefit in other key areas in the long term.
With this pioneering move, other States may follow Missouri in the quest to become a Bitcoin tax haven.
The CEO of Fetch.AI (FET) has offered a reward to uncover Ocean Protocol’s move after the project was accused of liquidating millions of tokens, affecting the FET’s price and its holders.
Fetch.AI Vs Ocean Protocol Feud On Tuesday, Humayun Sheikh, CEO of Fetch.AI, offered a bounty $250,000 to anyone who could “uncover the OceanDAO signatories and their connections to Ocean Foundation.” The post followed last week’s allegations that Ocean Protocol had dumped hundreds of millions of FET tokens into crypto exchanges earlier this year.
FEt.AI’s CEO offers a reward to uncover alleged $120 million dump. Source: Humayun Sheikh on X For context, crypto AI projects Fetch.AI, Ocean Protocol (OCEAN), and SingularityNET (AGIX) merged into the Artificial Superintelligence (ASI) Alliance in mid-2024, combining their tokens under a shared FET framework.
Over a year later, Ocean Protocol Foundation announced its departure from the alliance, sharing on October 9 that it had resigned as a member of the ASI Alliance, “effective immediately.”
Last week, Fetch.AI’s CEO affirmed that the Ocean Protocol Foundation had swapped 661.2 million OCEAN tokens minted in 2023 for 286.4 million FET this July, suggesting that the protocol had been moving and liquidating them for the past three months.
Sheikh noted that “Ocean as stand alone project did this it would be classed as a rug pull,” later vowing to personally fund three or more class action lawsuits in different jurisdictions. “If you are or were a holder of $fet and have lost money during this Ocean action be ready with your evidence. (…) I will be setting up a channel for all to submit your claims,” he wrote.
Ocean Protocol called the accusations “unfounded claims and harmful rumors,” affirming that their team was “preparing responses to the various unfounded claims and allegations while respecting the ambits of the law.” At the time of writing, the protocol’s official X account has not published a response.
Did Ocean Dump $120M Worth Of FET? Data analytics platform Bubblemaps shared a timeline of the Ocean Protocol moves, highlighting that despite the merger, the protocol kept a large amount of OCEAN tokens in its wallets for alleged “community incentives” and “data farming.”
According to Bubblemaps’ analysis, Ocean Protocol’s team wallet (0x4D9B) converted 661 million OCEAN into 286 million FET, worth $191 million on July 1, and later sent 90 million FET to an OTC provider, GSR Markets.
On August 31, the team wallet split the remaining 196 million FET across 30 new addresses. By October 14, most of these addresses had sent the funds to Binance or the OTC provider.
Ocean Protocol’s on-chain moves. Source: Bubblemaps on X Bubblemaps estimated that around 160 million tokens were sent to Binance, while 109 million FET were transferred to GSR Markets. In total, approximately 270 million tokens, valued at around $120 million, were reportedly transferred and potentially liquidated.
“We can’t confirm whether the $FET tokens were sold by Ocean Protocol, although such transfers are typically associated with liquidation,” the platform noted, adding that on-chain activity only shows a multisig wallet linked to the protocol swapped millions of OCEAN tokens for FET, and sent them to Binance and GSR.
FET’s Price Sees Sharp Decline Analyst Cryptor pointed out that the feud has triggered uncertainty surrounding the projects. He noted that the FET’s Top PnL Leaderboard doesn’t look good, as “almost everyone over the past 30 days has fully exited their positions.” Additionally, Smart Money Flows have been declining for nearly a year, alongside the price, which has retraced over 92.6% from its $3.45 all-time high (ATH).
The analyst asserted that “you want segments like Top PnL traders, Smart Money, and funds to stay onboard because they set the tone for market behavior. (…) The data shows hesitation and capital leaving, which is to me a clear sign that confidence hasn’t returned. Price might hold temporarily, but without their participation, volatility rises quickly.”
As of this writing, FET trades at $0.25, an 8.3% decline in the daily timeframe.
FET’s price in the one-week chart. Source: FETUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
Crypto market consolidation continues Monday; XRP, BSV and ATOM still climbing, EOS and Tron falling back. Market Wrap The weekend has seen gains on crypto markets as another correction gets quashed. Friday’s big $25 billion dump did not extend into the weekend and things started to recover pretty quickly. Total market capitalization climbed above $270 billion again and the longer term uptrend is still going strong.
Bitcoin reached an intraday high late Sunday when it made it just above $8,800. Since then BTC retreated to $8,700 where it has spent most of the past day. A fall back to $8,600 has left it level on the day as the prospects of further losses mount.
Ethereum has remained flat on the day with virtually no movement. ETH is just under $270 at the time of writing and is likely to mimic whatever Bitcoin does in the next few hours, a move back to support at $250 is looking more likely.
There are only a couple of altcoins moving in the top ten at the time of writing. XRP has lifted itself up 4 percent or so to reach $0.448 and Bitcoin SV appears to be having another manipulated pump as it surges 17 percent. BSV is currently at $218 but considering how it got there leaves little confidence in this one. Not a lot is going on with the rest of them aside from EOS which has dumped 5 percent failing to get any fomo from the weekend B1 event.
The top twenty also only has a couple of coins on the move. Cosmos is one of them as ATOM gets an 11 percent spike and Ethereum Classic is the other as it makes around 4 percent. Tron is following EOS and losing 5 percent but the rest are pretty flat on the day.
FOMO: Metaverse ETP Spikes Today’s dose of fomo is going to ETP which has jumped 18 percent in the past few hours. Most of the trade is going on at RightBTC and there doesn’t appear to be much driving it. BSV as mentioned is getting pumped again and Maximine Coin is back up there with another 15 percent spike.
There are no big dumps going on at the moment as markets remain in consolidation mode. Those at the bottom of the performance pile for the top one hundred include Aion and Mixin dropping 7-8 percent each.
Total crypto market capitalization 24 hours. Coinmarketcap.com Total crypto market capitalization is currently at $272 billion which is back to where it was this time yesterday. Aside from Friday’s up and down, crypto markets have been pretty sideways all week and are where they were again last Monday. A Bitcoin correction could be imminent as red starts to seep in to the markets on Monday.
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 Ledger recorded $1.7 billion in net RWA inflows over the past 60 days. Ethereum led network outflows with $5.8 billion, leaving its RWA ecosystem. Arbitrum, Solana, and Polygon also posted net RWA outflows during the period. XRPL ranked among the few major networks reporting positive RWA capital flows. Stablecoin transfer volume on XRPL reached $5.11 billion, up 22.84% month-over-month. The XRP Ledger continued attracting capital into tokenized real-world assets while several blockchain networks recorded large outflows. Recent data from RWA.xyz showed the network posted $1.7 billion in net RWA inflows during the past 60 days. At the same time, competing chains reported declining asset flows across their tokenization ecosystems.
XRP Ledger Leads RWA Capital Growth RWA.xyz data showed the XRP Ledger gained $1.7 billion in net RWA inflows during the last 60 days. Meanwhile, several major blockchain networks recorded net outflows during the same period.
Ethereum posted the largest decline as $5.8 billion left the network. Arbitrum followed with $3.0 billion in outflows, while Solana lost $653 million and Polygon lost $250 million.
The figures placed the XRP Ledger among a small group of networks reporting positive capital movement. TRON and HyperEVM also recorded net inflows during the measured period.
Earlier data from the RWA Foundation reflected similar results across a longer timeframe. The organization reported that XRPL attracted $1.9 billion in net RWA inflows over 90 days.
That performance placed XRPL ahead of Ethereum, which recorded $1.6 billion in inflows. Stellar followed with $1.4 billion, while BNB Chain recorded $848 million.
Solana attracted $611 million during the same period. Avalanche posted $362 million, while Sei Network and Mantle recorded $202 million and $90 million.
The latest figures showed continued growth within XRPL’s tokenization ecosystem. They also reflected ongoing asset migration into the network’s RWA infrastructure.
Stablecoin Transfers and Treasury Assets Expand on XRPL Stablecoin activity on XRPL increased alongside rising RWA participation. According to RWA.xyz, stablecoin transfer volume reached $5.11 billion during the past 30 days.
The platform reported a 22.84% increase compared with the previous month. As a result, transaction activity continued to rise across the network’s stablecoin ecosystem.
Tokenized Treasury products also gained traction on XRPL during the same period. The Ondo Short-Term U.S. Government Bond Fund ranked as the second-largest tokenized asset on the network.
RWA.xyz reported approximately $259.6 million in transfers linked to the fund. Those transfers highlighted the growing use of tokenized government bond products.
Current data show XRPL holds about $3.56 billion in off-chain real-world assets. Those assets represent a large pool connected to the broader tokenization ecosystem.
Tokenized Asset Value Continues Rising XRPL expanded its tokenized asset base rapidly during the past fifteen months. The network’s tokenized RWA value increased from roughly $10 million in January 2025.
By April 2026, tokenized RWA value reached about $400 million. The increase occurred within approximately fifteen months of growth.
Ethereum required nearly 36 months to reach a comparable level. Meanwhile, XRPL’s tokenized RWA value climbed 78% during 2026.
The value increased from $227 million to $404 million year-to-date. During the same period, Ethereum recorded growth of 36%.
RWA.xyz data showed the latest inflow figures reached $1.7 billion over 60 days. Those figures represent the most recent reported activity across the XRP Ledger’s RWA market.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
XRP and Little Pepe highlight the trade-off between established crypto assets and higher-risk presale opportunities.
Summary
XRP vs Little Pepe debate highlights contrast between established crypto utility and high-risk presale upside potential. LILPEPE presale shows strong fundraising momentum while XRP remains positioned as a regulated institutional crypto asset XRP offers lower risk exposure, while LILPEPE represents speculative presale growth with higher volatility and reward… Investing $1000 in the crypto market is not as simple as it used to be. Before, there were fewer cryptocurrencies. However, with thousands of options today, investors are stuck between established meme coins and newer entrants.
That is exactly what makes the XRP versus Little Pepe debate interesting. One is already a major player in crypto. The other is still in presale but is quickly attracting attention for its growth potential. This article will consider both sides and decide which crypto is best to buy now with $1000.
Ripple: Institutional gravity and a price that has not caught up XRP trades at $1.14 as of when writing. Its market cap of $70.4 billion is large enough to give XRP real institutional gravity. It’s, however, not so large that meaningful upside becomes mathematically implausible. XRP hit an all-time high of $3.84 in January 2018. This means the token is currently trading 70% below that peak. This is a gap that represents genuine recovery potential if the catalysts in play actually land. And the catalysts are real.
Ripple’s spot XRP ETF has accumulated $1.43 billion in cumulative inflows since its November 2025 launch. May 2026 alone set a monthly record of $131.94 million. This is a remarkable figure given that it came during a period of broad market weakness. Additionally, daily transactions on the XRP Ledger recently grew 3x to 3 million.
XRP price outlook: Can $5 still happen? Many analysts believe XRP’s most bullish outcome for 2026 is $5. This represents a potential 340% gain from current levels. That is a credible scenario with identifiable catalysts. A $1,000 position in XRP at $1.14 would be worth approximately $4,380 at $5. Hence, XRP is a serious asset in a serious position. However, the question for a $1,000 investor is whether serious is where the biggest returns come from right now.
Little Pepe: Where the math gets uncomfortable for anyone watching from the sidelines LILPEPE is currently in Stage 13 of its presale at $0.0022 per token. Over $28 million has been raised, with more than 17 billion tokens sold. That is not a project in early discovery. That is a project at the edge of its presale entry before open-market pricing takes over entirely. What makes Little Pepe’s infrastructure argument worth taking seriously is not the token itself but what it represents within the ecosystem.
This is a Layer 2 blockchain built from the ground up for one specific purpose: meme tokens. It’s a chain where every design decision, from the fee architecture to the sniper bot prevention baked into the protocol, was made with meme token communities as the primary user. Pepe’s Pump Pad, the project’s native launchpad, sits at the center of that ecosystem. Every meme project that launches through it generates fees, transactions, and demand that cycle directly back into the LILPEPE network.
That is a revenue-generating mechanism tied to platform usage, not to speculation. It is the same kind of usage-tied value model that Coinbase’s institutional outlook identified as the differentiating factor between durable crypto projects and purely narrative-driven ones.
Little Pepe market position and catalysts Little Pepe has achieved several key milestones since its presale began. It has completed a Certik audit. The token is also live on CoinMarketCap and CoinGecko listings, allowing users to track it. These are not easy feats for presale projects. Additionally, two Tier-1 centralized exchange listings are confirmed at launch, with the world’s largest exchange in the pipeline. Such grand launches could position LILPEPE for rapid adoption.
Its $777,000 community giveaway has strengthened community participation. With ten lucky participants set to win $77,000 worth of LILPEPE tokens each, the project has proven its value for community empowerment. Now the math. A $1,000 position in LILPEPE at $0.0022 buys approximately 454,545 tokens. For that position to match a 340% return, XRP would need to reach its $5 bull case; LILPEPE would only need to reach $0.0097. This target doesn’t sound impossible. For it to reach $0.10, the return on that $1,000 entry is over $45,000. None of those numbers requires LILPEPE to become a top-10 asset. They require it to find a fraction of the audience that DOGE, SHIB, and the meme token sector broadly have already demonstrated exists.
The verdict XRP is not a bad investment with $1,000. The institutional tailwinds are real, and the regulatory pathway is clearer than ever. A patient XRP holder may do very well over the next 12 to 18 months. But Little Pepe (LILPEPE) at $0.0022 is operating in a completely different return profile. XRP needs $70 billion in market cap to move meaningfully. LILPEPE needs a fraction of that. For the investor looking for the best crypto to buy now with $1000, the answer here is not complicated. The Little Pepe presale is still open at $0.0022 on the official project website. The window is nearly gone.
For more information about Little Pepe, visit the official website, X, and Telegram, read the whitepaper, and join the 777k giveaway.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
As Solana and XRP trends dominate discussion, investors are also watching low-priced tokens like Little Pepe for higher-risk potential gains.
Summary
Crypto debate centers on SOL vs XRP, while LILPEPE emerges as a low-price Layer-2 meme coin with high-risk upside narrative. LILPEPE presale highlights include Layer-2 meme chain, audit claims, exchange listings, and projections of large percentage gains. Investors compare stable majors like SOL/XRP with LILPEPE’s speculative growth story and potential asymmetric returns in 2026. Right now, crypto Twitter is arguing about whether Solana will hit $250 before the year ends or whether XRP finally breaks free from its $1–$2 jail cell. Both are legitimate conversations, and both coins have real catalysts.
But there’s a third name worth the attention, one sitting under $1 that nobody’s really talking about at this scale yet: Little Pepe (LILPEPE). If the numbers play out anywhere close to analysts’ projections, a 5,346% return would make both SOL and XRP look almost boring by comparison. Let’s break it all down.
Solana eyes $250: Is it realistic? Solana Performance Source: CoinMarketCap Solana is trading around $64–$65 with a $37B market cap, far below its $293 all-time high. Standard Chartered projects $250 by year-end, citing the SEC’s digital commodity ruling as the key catalyst for a nearly 4x move. The Alpenglow upgrade, Firedancer client, and $1B+ in ETF inflows since late 2025 are the structural pillars. Bull case targets $250–$445. A few things need to go right, but the setup is real.
XRP targets $5: What would have to happen Ripple Performance Source: CoinMarketCap XRP trades at $1.13–$1.14 with a ~$70B market cap, well off its January 2026 high of $2.40. Bitwise’s bullish case puts XRP at $4.94 by year-end, with a max scenario clearing $6.53. The catalyst stack is multi-layered: spot ETF demand, the Market Structure Bill, and Ripple’s OCC-approved banking license. The on-chain activity is quite impressive, with 1.67 million transactions per day and $481 million in total. The price forecast for 2026 could range anywhere between $1.20 to $2.40, depending on regulatory clarity.
This is where the narrative shifts. While Solana and XRP are playing the slow-and-steady institutional game, Little Pepe is doing something entirely different, and it’s turning heads. LILPEPE is currently in Stage 13 of its 19-stage presale, selling tokens at just $0.0022. The presale has now raised $28,254,751 of its $28,775,000 target, with over 17 billion tokens sold. Stage 13 is 98.63% filled at the time of writing.
That kind of velocity in a presale doesn’t happen by accident. Early investors from Stage 1 are already sitting on 120% gains over their entry price. Even investors joining now at Stage 13 still have a 36.36% gain locked in before the token even hits exchanges, since the confirmed launch price is $0.0030.
What actually makes LILPEPE different LILPEPE isn’t another rug waiting to happen. It’s a real Layer 2 blockchain with zero tax, near-zero fees, and sniper bot resistance at the protocol level. A native Meme Launchpad creates continuous LILPEPE gas demand beyond launch hype. It has been CertiK audited: 95.49%. Listed on CMC and CoinGecko pre-launch. Anonymous veterans with top-tier meme-coin track records are quietly backing it. Two CEX listings confirmed, with the world’s largest exchange reportedly in the pipeline.
The 5,346% case: Can it actually happen? Let’s be real for a second. A 5,346% return would take LILPEPE from $0.0022 to roughly $0.12–$0.12+, which would still keep its market cap well below many established meme coins. For context, DOGE, SHIB, and PEPE have all reached multi-billion-dollar valuations. At a $300 million market cap post-listing, a level that Dogecoin, SHIB, and Pepe Coin each eclipsed by multiples, each LILPEPE token could represent a meaningful gain over current presale pricing based on the 100 billion total token supply.
Bottom line Solana eyeing $250 is a real thesis with institutional backing. XRP targeting $5 has a clear, if uncertain, catalyst path through ETF approvals and Ripple’s banking push. Both are worth watching. But for those looking for the biggest potential surprise of 2026, the kind of asymmetric play that early PEPE or SHIB holders talk about years later, this cheap crypto under $1, LILPEPE, deserves a serious look right now. With Stage 13 nearly sold out, a confirmed listing price of $0.0030, a purpose-built meme Layer 2 chain, and a team with a track record of building top-performing memecoins, the pieces are in place. The window for a 5,346%+ return doesn’t stay open forever.
For more information about Little Pepe, visit the official website, X, and Telegram, read the whitepaper, and join the 777k giveaway.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
XRP has entered a technically weak phase after losing the multi-month support zone around $1.30. The daily chart shows a prolonged downtrend with price trading below all major moving averages, while the 200-day MA remains far above current levels near $1.60. That gap highlights how much damage the recent selloff has inflicted on the structure.
The most important development is the breakdown from the descending triangle that had formed between March and May. Bulls repeatedly defended the $1.30 floor, but sellers eventually overwhelmed demand, triggering a sharp move lower. Such patterns often produce a measured move after support gives way, and XRP is currently attempting to stabilize around $1.14.
XRP/USDT Chart by TradingViewMomentum indicators are also struggling. RSI briefly entered oversold territory before bouncing slightly, suggesting some short-term relief may occur. However, oversold conditions alone do not guarantee a reversal. During strong downtrends, assets can remain oversold for extended periods while continuing to grind lower.
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For bulls, reclaiming $1.30 is now the first major challenge. That former support has likely become resistance, reinforced by the cluster of moving averages directly overhead. Unless XRP can recover that area and hold above it, any bounce may simply be a relief rally within a broader bearish trend.
On the downside, failure to maintain the current range could expose psychological support near $1.00. Markets often gravitate toward round-number levels after major breakdowns, making that zone a natural target for traders.
The bigger picture remains mixed. XRP has already corrected heavily from its highs, which reduces some downside risk compared to earlier stages of the decline. At the same time, there is still no convincing evidence that a long-term bottom has formed. Traders should watch for higher lows, increasing volume on green days, and a recovery above $1.30 before calling for a sustainable reversal.
Zcash has to regain the trustZEC's long-term structure is still stronger than that of many significant altcoins despite the sharp volatility. Whether the recent collapse was just a violent reset or the start of a more significant trend reversal will be revealed over the coming weeks.
Despite going through one of the biggest liquidations this month, Zcash is proving to be far more resilient than many other altcoins.
ZEC successfully staged an aggressive recovery after falling from above $600 to almost $250 in a matter of days, and it is currently consolidating at about $430.
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ZEC is still above its 200-day moving average at $370 despite a decline in short-term momentum. That level continues to be the boundary between a sound long-term uptrend and a more severe bearish reversal. It also served as support during the panic selloff.
Rather than a gradual deterioration of the trend, Zcash's recent collapse was largely triggered by the discovery of a bug that allowed unauthorized generation of ZEC, sparking panic across the market. The news led to a wave of forced liquidations and aggressive selling, causing volume to surge to extreme levels.
Despite the shock, buyers stepped in almost immediately after the flush, producing a strong recovery candle and preventing a complete breakdown of the broader market structure. The swift rebound suggests that while confidence was shaken by the exploit-related concerns, many participants viewed the selloff as an overreaction rather than a fundamental threat to the long-term viability of the network.
ZEC is currently caught between resistance at $450-$500 and support at $400. Upside growth is constrained by the 50-day and 100-day moving averages, which are still above. Selling pressure may persist on recovery attempts as long as the price remains below those levels.
ZEC's long-term structure is still stronger than that of many significant altcoins despite the sharp volatility. Whether the recent collapse was just a violent reset or the start of a more significant trend reversal will be revealed over the coming weeks.
Toncoin's path to recoveryAfter weeks of erratic price movement, Toncoin has stabilized, but the chart still shows a market looking for guidance rather than a definitive uptrend.
Sellers swiftly regained control after the May explosive rally above $2.80, forcing TON into a sharp correction that erased much of the advance.
The token's ability to recover and hold above the 100-day moving average near $1.68 is a positive indication for bulls. Additionally, the price is fluctuating around the cluster created by the 50-day and 200-day moving averages, which serves as a battlefield for buyers and sellers.
TON/USDT Chart by TradingViewTON is at least making an effort to create support around these crucial levels, in contrast to many altcoins that remain well below long-term trend indicators.
The panic selling phase may be coming to an end, as volume has significantly decreased since the May spike. But momentum does not change. When the RSI is close to the middle of its range, it is neither overbought nor oversold. This frequently comes before a more significant move when a clear catalyst appears.
Several moving averages converge in the main resistance zone, which is located between $1.80 and $1.85. The technical picture would be greatly enhanced by a clear breakout above that area, which might pave the way for the psychologically significant $2.00 level. The May swing highs would then be the next important target.
On the downside, another test of the recent lows around $1.50 is more likely if support around $1.68 is not maintained. The notion that the post-rally correction is still ongoing would be strengthened by such an action.
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Compared to many large-cap altcoins, TON's structure appears to be much healthier overall. The asset has recovered significant technical levels, avoided total collapse, and is establishing a foundation.
Proving that buyers can maintain momentum above the dense resistance cluster directly overhead is the next obstacle.
Shiba Inu's relevance is decreasingFrom a technical standpoint, Shiba Inu continues to be among the weaker major meme coins. The daily chart confirms a bearish continuation pattern rather than a brief pullback by clearly breaking out of a multi-month rising channel.
SHIB traded within an ascending structure during the months of March, April, and May, which at first glance seemed positive. But rather than rising, the price lost the lower trendline support and quickly declined. Before buyers eventually intervened, that breakdown set off a wave of selling that drove SHIB toward the $0.0000045 area.
SHIB/USDT Chart by TradingViewAlthough noteworthy, the recent recovery must be understood in its context. The price is still below the 50-, 100-, and 200-day moving averages, which are still sloping downward. A market where sellers retain control over a variety of time periods is usually reflected in this alignment.
The current bounce can be explained by the RSI's recent entry into oversold territory before it recovered. Oversold readings don't always indicate a trend reversal, even though they frequently result in relief rallies. In order for that to occur, SHIB would have to start creating higher highs and higher lows and recover a number of resistance levels.
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Bulls face their first obstacle at $0.0000055, which is close to the broken channel support. This zone is especially crucial because, after a breakdown, former support frequently turns into resistance.
The moving average cluster around $0.0000058-$0.0000060 represents an even more formidable barrier above that.
The recent lows around $0.0000045 will once again be the focus of attention if buyers are unable to maintain the recovery. A breakdown below that level might prolong SHIB's bearish trend and lead to another leg lower.
As of right now, the market seems to be going through a technical recovery following strong selling pressure. Although the recovery is positive, the overall trend is still negative until SHIB can recover important resistance areas and disprove the recent channel breakdown.
As technical indicators dominate the cryptocurrency market, major assets like XRP, Zcash, Toncoin, and Shiba Inu remain in search of short-term direction. Recent data highlight a significant multi-month support loss for XRP, while certain cryptocurrencies are showing early signs of recovery following extensive selloffs.
Focus shifts to support loss in XRPXRP has moved into a technically weak phase after falling below the long-held support level near 1.30 dollars. Daily charts show the price struggling under key moving averages, with the 200-day average lingering around 1.60 dollars. This divergence puts a spotlight on how recent selling activity has disrupted the technical outlook.
One notable development was the breakdown from a descending triangle pattern that had formed between March and May. Although buyers managed to defend the 1.30 dollars level for a while, intensifying selling pressure ultimately pushed prices lower. XRP is now trying to stabilize around the 1.14 dollars mark.
Momentum indicators continue to paint a lackluster picture. While the RSI briefly dipped into oversold territory and showed some limited recovery, this alone does not signal a lasting turnaround.
The first major test for XRP buyers now lies in reclaiming the 1.30 dollars region, which has turned from support into a tough resistance area.
If current levels do not hold, psychological support around the 1.00 dollars mark could quickly become relevant again. For any lasting bounce, traders are looking for higher lows, increased volume during upswings, and a sustained move back above 1.30 dollars.
Zcash resists after sharp plungeDespite experiencing one of the month’s most severe liquidation waves, Zcash has shown more resilience compared to many other altcoins. ZEC dropped sharply from over 600 dollars down to nearly 250 dollars in a matter of days, but then rallied forcefully to stabilize near 430 dollars. Zcash is known as a privacy-focused blockchain project.
The primary trigger for the sharp fall was the discovery of a software bug that allowed unauthorized ZEC creation. This incident triggered panic in the markets, resulting in forced liquidations and a surge in heavy selling.
Mini glossary: Liquidation refers to when leveraged positions are closed automatically by exchanges due to insufficient collateral. This process often causes sudden spikes in volume and volatility.
Despite this setback, buyers jumped in quickly, helping to prevent a complete breakdown of the broader market structure. ZEC continues to hold above its 200-day moving average of 370 dollars, with 400 dollars providing support and the 450 to 500 dollars range serving as resistance.
Outlook for TON and SHIBToncoin, having experienced weeks of volatility, is showing signs of stabilization. A dramatic rally above 2.80 dollars in May was largely erased by subsequent corrections. Nevertheless, TON’s ability to remain above its 100-day moving average near 1.68 dollars is considered a positive sign. The key resistance area is between 1.80 and 1.85 dollars; breaking through could open the door to a move towards 2.00 dollars.
Shiba Inu, on the other hand, stands out as one of the more vulnerable assets from a technical perspective. Breaking down from a multi-month ascending channel, SHIB’s chart signals a continuing downtrend rather than a brief adjustment. The token slumped to the 0.0000045 dollars area amid steady selling pressure.
Although SHIB has attempted a rebound, its price remains below the 50, 100, and 200-day moving averages, indicating sellers are still in control. Immediate resistance is seen at 0.0000055 dollars, with a stronger barrier between 0.0000058 and 0.0000060 dollars. If buyers fail to regain momentum, retesting the 0.0000045 dollars support remains a clear risk.
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.
Key Facts Flare is raising the deposit cap on the Monarq XRP Yield Vault (MXRPY) from 500,000 FXRP to 7.5 million FXRP, a 15x increase. The cap raise follows strong early demand since MXRPY’s launch on 15 May 2026 by Monarq Asset Management, Flare and Upshift. MXRPY is a managed multi-strategy vault deploying FXRP across options trading, basis and funding rate arbitrage, and on-chain XRPFi strategies, targeting 3–4% APY. Monarq, the vault’s strategy manager, is a FalconX-majority-owned digital asset manager; the vault runs on Upshift’s institutional vault infrastructure. The cap raise lands days after Flare’s 19 May integration with D’CENT Wallet, which lets XRP holders deposit into MXRPY directly from their hardware wallet using two XRPL signatures via Flare Smart Accounts. Flare is raising the deposit cap on the Monarq XRP Yield Vault (MXRPY) from 500,000 FXRP to 7.5 million FXRP — a 15x increase that reflects unusually strong early demand from XRP holders since the vault launched on 15 May 2026. The expansion comes alongside Flare’s new integration with D’CENT Wallet, which has put the vault within two signatures of hundreds of thousands of hardware wallet users globally.
Why the cap is being raised MXRPY launched with a deliberately conservative initial cap of 500,000 FXRP, giving Monarq Asset Management and infrastructure provider Upshift time to assess flow and validate the vault’s three-strategy execution model in live conditions. The 15x cap raise to 7.5 million FXRP signals that initial demand has comfortably exceeded the launch allocation and that the operating partners are confident the underlying strategy can scale meaningfully.
The expansion also responds to the distribution shift now underway. With XRP holders gaining wallet-native access through D’CENT’s hardware wallet — and additional distribution channels likely to follow through the XRP Alliance — the practical addressable demand for the vault has stepped up sharply over the past two weeks. A 500,000 FXRP cap was never going to be enough to absorb that broader flow.
How MXRPY works MXRPY is a managed multi-strategy yield vault built by Monarq Asset Management on Upshift’s institutional vault infrastructure. It is the first XRP-denominated vault on Flare to combine on-chain DeFi with off-chain execution under a single managed product. Users deposit FXRP — Flare’s trust-minimised representation of XRP — and receive MXRPY receipt tokens representing principal and accrued yield.
Capital is allocated across three return engines: options trading, basis and funding rate arbitrage, and on-chain XRPFi positioning. The target annual yield sits at approximately 3% to 4% APY, with returns distributed over time depending on strategy performance and market conditions. Withdrawals settle on a weekly cycle every Friday, with an option to pay a small fee for instant redemption.
Monarq — majority-owned by FalconX — runs options and basis strategies as part of its core fund book and applies the same playbook to MXRPY, deciding capital allocation across the three sleeves and executing the off-chain trades directly. Flare provides the FXRP infrastructure and distribution; Upshift provides the vault rails.
“The Clearstar EarnXRP vault showed that there is real demand for XRP-denominated vaults on Flare,” said Ethan Luc, head of growth at Upshift, at the MXRPY launch. “Upshift provided the infrastructure behind that launch, and we’re now expanding the model with Monarq, a second XRP vault with a different strategy profile and a broader set of yield sources.”
D’CENT’s distribution role The cap raise is timed to absorb new flow from the 19 May D’CENT integration. Flare Smart Accounts (FSA) now lets D’CENT users deposit XRP into MXRPY directly from their hardware-secured device using just two XRPL signatures, with no new wallet, no new chain, and no FLR gas token to manage. D’CENT reports more than 330,000 hardware users and 720,000+ app users across the US, Korea, UK, Canada and Japan, with billions of XRP held across the base.
The architecture matters because it removes the friction that previously kept XRP holders out of EVM-based DeFi. FSA treats XRPL as the control layer — the memo field on each XRPL transaction encodes what should happen on Flare, and the Flare Data Connector relays a proof of the transaction to a smart contract proxy assigned to that XRPL address. The user never holds FLR, never manages a new seed phrase, and never signs an EVM transaction. Inside D’CENT, the integration appears as a featured application labelled “Idle XRP; Meet Institutional Yield,” with a direct link to the Monarq vault frontend.
The XRP Alliance context D’CENT is the lead wallet partner in the XRP Alliance, a distribution group convened by D’CENT with Flare, Doppler, Banxa and Squid joining at launch. Flare’s role in the Alliance is the programmable layer for XRP — FAssets handles trust-minimised asset representation, FSA handles chain-abstracted execution, and wallet partners handle native distribution. Together the stack is designed to support both retail flows and institutional strategy deployment.
The cap raise lands inside a broader push by Flare to position itself as the default programmable yield layer for XRPFi. Monarq’s decision to pick Flare as the venue for its first publicly distributed multi-strategy XRP vault — and the speed with which that vault has filled — is the institutional validation Flare has been working toward. The 7.5 million FXRP cap signals that next phase: capital rails capable of absorbing genuinely meaningful XRP volume rather than a launch allocation sized for testing.
$55,000 reward campaign continues Flare and D’CENT’s joint promotional campaign continues to run through to 8 June 2026, with a $55,000 reward pool across three independent quests. Quest 3 — the largest, at $40,000 — rewards users who mint FXRP via Flare Smart Accounts, deposit at least $1,000 USD in XRP value into MXRPY, and maintain the position for 30 days. Eligible users earn $10 in XRP and $10 in FLR per $1,000 USD deposited, with per-user caps of $50 in XRP and $100 in FLR.
Quests 1 and 2 cover D’CENT biometric hardware wallet purchase ($50 in XRP, $10,000 pool) and a minimum 250 XRP holding in a D’CENT wallet ($25 in FLR, $5,000 pool). With the vault cap now 15 times larger, the runway for Quest 3 participation has effectively expanded in line with the new capacity.
FAQ How much is the MXRPY deposit cap being raised?
Flare is raising the deposit cap on the Monarq XRP Yield Vault from 500,000 FXRP to 7.5 million FXRP, a 15x increase. The expansion reflects strong early demand from XRP holders since the vault’s 15 May 2026 launch and the new distribution opened up by Flare’s integration with D’CENT Wallet on 19 May.
What is MXRPY and what yield does it target?
MXRPY is a managed multi-strategy XRP yield vault on Flare, built by Monarq Asset Management on Upshift’s institutional vault infrastructure. It deploys FXRP — Flare’s trust-minimised representation of XRP — across options trading, basis and funding rate arbitrage, and on-chain XRPFi strategies, targeting approximately 3% to 4% APY. Withdrawals settle weekly on Fridays, with an option for fee-based instant redemption.
How can XRP holders access the vault?
XRP holders can access MXRPY through Upshift or directly through D’CENT Wallet via Flare Smart Accounts. The D’CENT integration requires only two XRPL signatures from the hardware device, with FXRP minting and vault deposit handled automatically inside the same flow — no new wallet, no new chain, and no FLR gas token required.
The 7.5 million FXRP cap is the most concrete sign yet that XRPFi on Flare is moving past the proving stage into production-scale capital rails. By raising the ceiling in step with the new distribution from D’CENT, Flare and Monarq are betting that meaningful XRP volume is ready to move on-chain when the experience is simple enough — and the early evidence suggests they are right. This article is informational and does not constitute investment advice.
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The rollover was carried out using the open Spectra protocol, which is presently the most popular yield trading venue on Flare Network. Throughout the event, about $4.88 million in liquidity smoothly moved from an expiring pool into a recently established fixed-term market. A structural milestone for decentralized fixed-term markets was reached on June 3 and 4, 2026, when an XRP-denominated yield market on Flare Network successfully completed a fixed-term liquidity rollover without any market disruptions.
Throughout the event, about $4.88 million in liquidity smoothly moved from an expiring pool into a recently established fixed-term market, enabling continuous trading activity throughout the expiration process. One of the first extensive examples of perpetual liquidity infrastructure functioning over a significant fixed-term pool expiration, the rollover was carried out using the open Spectra protocol, which is presently the most popular yield trading venue on Flare Network.
The GamiLabs FXRP MetaVault on Spectra Finance made the rollover possible. Liquidity providers no longer need to manually unwind and redeploy holdings since the MetaVault automatically channels allocated liquidity from expired pools into new pools within predetermined on-chain parameters.
Although they are regarded as an essential part of the onchain financial system, fixed-term markets have typically had structural difficulties upon expiration. These markets’ capacity to compound growth over time has been hampered by liquidity fragmentation, brief trade disruptions, steep TVL decreases, and manual capital movement. The pattern may be handled at scale, as this rollover shows.
“As the largest stXRP pool on Spectra Finance expired on June 4th, around $5 million in XRP-backed liquidity rolled directly into a new stXRP market through the GamiLabs FXRP MetaVault,” said Will Procheska, DeFi Analyst. “Historically, expiry events created friction as liquidity providers manually migrated capital while TVL and market depth took time to rebuild. Through Spectra MetaVaults on Flare, this rollover occurred seamlessly at expiry with no interruption to market activity, allowing the new yield market to launch immediately with deep liquidity and stronger capital continuity. MetaVaults are helping turn XRP-backed yield on Flare into durable onchain financial infrastructure.”
“Fixed-income onchain markets have always struggled with the expiry transition,” said Gaspard Peduzzi, Co-Founder of Spectra Finance. “The MetaVault architecture turns the expiry cliff into a market continuity event. This allows XRP-denominated yield markets on Flare to deepen, resulting in greater trade efficiency, which institutional actors need.”
The organizations responsible for the rollover include Spectra, the permissionless yield trading protocol that powers the liquidity infrastructure, GamiLabs, the curator of the FXRP MetaVault, and Firelight, the issuer of stXRP. The participants are a part of the larger XRPfi ecosystem that is growing on the Flare Network.
The rollover shows how automated liquidity infrastructure may lower operational friction for liquidity providers while supporting continuity in fixed-term DeFi markets. Mechanisms that provide continuous liquidity over expiries are anticipated to become more crucial for institutional-scale involvement as tokenized fixed-income markets continue to develop.
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The pool closed with over $25M in four-month volume and had already hit double-digit fixed XRP rates by May, as seen on historical charts.
Flare Network’s XRP-based decentralized finance ecosystem reached a new milestone with an automated liquidity rollover. The process moved over $4 million in capital between fixed-term yield markets without disrupting trading activity.
The rollover took place on June 4, 2026, when the largest stXRP fixed-term pool on Spectra Finance reached maturity. Managed through GamiLabs’ FXRP MetaVault, the process automatically transferred liquidity into successor pools expiring on August 27 and November 26, 2026.
How MetaVaults Managed the stXRP Liquidity Transition MetaVaults were introduced in February 2026 to address operational challenges associated with fixed-term yield tokenization. The system uses a single smart contract to monitor expiries, select new markets, and route liquidity according to predefined on-chain rules.
Under the model, liquidity providers deposit assets once and receive a vault token representing their position. The vault then manages future rollovers automatically, removing the need for users to manually withdraw and redeploy funds whenever a market expires.
The transition addresses a long-standing issue in fixed-term DeFi markets known as the expiry cliff. In many cases, maturing pools lead to fragmented liquidity and reduced market activity as participants move capital into new pools.
During the June rollover, liquidity was already available in the replacement markets before the original pool matured. This helped maintain continuous market depth and avoided the disruption often associated with fixed-term expiries.
The significance of the rollover was amplified by the scale of the maturing market. The stXRP pool recorded more than $25 million in lifetime trading volume during its four-month duration. By May, it was delivering double-digit fixed rates, reflecting sustained activity ahead of expiry.
You may also like: Important Ripple (XRP) Deadline Concerning Many Users XRP’s Price Could Explode to $8, But This One Zone Is Holding It Back 5 Reasons Why Bitcoin Just Crashed Below $63K as Liquidations Top $500M Spectra Finance Yield Infrastructure Spectra Finance remains one of the most active yield trading platforms on Flare, supporting structured yield products through FXRP. FXRP serves as a trustless and overcollateralized representation of XRP within Flare’s FAssets framework.
GamiLabs oversees the FXRP MetaVault, while Firelight issues stXRP used within the ecosystem. Together with Spectra’s protocol infrastructure, these components support a growing market for XRP-denominated yield strategies.
The operational impact of this structure is highlighted by comments from Spectra Finance co-founder Gaspard Peduzzi. According to him, the MetaVault framework turns expiry events into continuous market transitions. He added that this approach could support deeper and more efficient XRP yield markets by reducing operational friction linked to fixed-term maturities.
Cardano’s total value locked dropped close to 30% in June, sliding from $129 million to $92 million — a fall that closely tracks ADA’s own price decline of 27% over the same stretch.
Yet one platform inside the ecosystem is pushing back hard against the idea that the network is finished.
DexHunter, a Cardano-based DEX aggregator, took to X to argue that the blockchain is more alive than ever, citing a sharp spike in trading activity as proof that user engagement remains strong despite ADA’s price weakness.
A Surge, Then A Pullback Daily DEX trading volume on Cardano shot up from roughly 6 million ADA to 25 million ADA across four days, one of the steepest volume increases in recent months.
DexHunter attributed that spike to heavy trading in tokens including NIGHT, STRIKE, and SNEK, as well as stablecoins such as USDCx.
Volume has since retreated to around 7.45 million ADA, down 11% in the most recent 24-hour period.
They say: Cardano is dead
We say: Cardano is more alive than ever$STRIKE$ASCEND$ATLAS$SURF$SURGE
The ecosystem is exploding🤯 pic.twitter.com/aCp8D80jAv
— DexHunter 🏹 (@DexHunterIO) June 6, 2026
Source: DexHunter on X Alongside the volume data, DexHunter shared charts tracking the performance of several Cardano-native tokens. ATLAS rose 18% in a single day.
STRIKE gained 3%. ASCEND added 1.20%. SURF was the exception, falling 2.67% during the same window. Based on that activity, DexHunter declared the ecosystem is exploding.
Broader Headwinds Weigh On The Network The platform’s upbeat take comes against a backdrop of mounting pressure on Cardano. ADA hit a multi-year low of $0.14 earlier this year, and a string of setbacks has fed speculation about the network’s long-term prospects.
Analytics platform TapTools shut down. A major ecosystem contributor exited after declaring bankruptcy.
Input Output CEO Charles Hoskinson stepped back from public engagement for a period, and governance disputes have continued to draw criticism from within the community.
Against all of that, DexHunter maintains the underlying activity tells a different story — one of continued user participation even as ADA’s market performance has disappointed.
ADA market cap currently at $6.06 billion. Chart: TradingView Signs Of Life In A Difficult Market ADA was trading at around $0.16 at the time of writing, still deep in the red compared to levels seen earlier this year.
Whether the recent volume spike reflects a genuine shift in momentum or a short-term burst driven by a handful of tokens remains an open question.
What the data does show is that trading activity on Cardano’s decentralized exchange layer is still moving, even if the numbers have pulled back from their recent peak.
Featured image from Wallpaper Flare, chart from TradingView
When Hugo Philion was raising money for Flare, the blockchain network designed to bring smart contract capabilities to XRP and other assets, he kept hearing the same question from venture capitalists. “Why do you want to touch XRP?”
Philion, co-founder of Flare, recalled the reaction that says a great deal about where the smart money stood on XRP at the time and perhaps why the token has spent years trading below what its most devoted supporters believe it deserves.
“Most VCs when I was raising money for Flare were like, why do you want to touch XRP,” he said in a recent interview. “And I was like, I’m sorry you can’t see the opportunity.”
The Opportunity the VCs Missed
Approximately $200 billion worth of XRP assets were sitting largely idle, with no meaningful DeFi infrastructure built around them. No yield mechanisms. No lending markets. No smart contract ecosystem to put that capital to work.
Bitcoin had attracted dozens of teams attempting to solve the same problem, most of them poorly, producing a fractured and underperforming landscape of competing protocols. XRP had attracted almost no one. For Philion, that absence of competition was not a warning sign, it was the entire point.
“Building a new market for an asset that has never had any form of DeFi market before is tough,” he said. “It’s tough to get the wheel starting, but once it does start rotating, it gets its own momentum. And that’s what we’re seeing at the moment.”
Why Philion Is Bullish on XRP
Asked directly about his view on XRP, Philion did not hesitate. Ripple won its legal case against the SEC. The company has since acquired a series of businesses that will use the XRP Ledger as their operational infrastructure. The fundamental case for the asset is stronger today than when Flare began building on top of it.
“There’s more reason to be bullish XRP now than when I started,” he said.
His logic for Flare’s own trajectory is directly tied to XRP’s market cap. A larger XRP market means more capital available to deploy through Flare’s infrastructure, a larger total addressable market and more meaningful yield opportunities for the hundreds of billions in XRP assets currently sitting dormant. If XRP possibly reaches a $500 billion market cap, Flare simply has more to work with.
Story Ends Here
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Ripple CEO Brad Garlinghouse has publicly sided with Flare co-founder Hugo Philion’s comment on Wall Street companies mirroring XRP’s vision. His remark helped recovering the community sentiment as the XRP capitulation dropped amid the recent price decline.
Ripple CEO Backs XRP’s Vision Amid Wall Street Debate In a recent interview, Philion said he’s “always been interested in XRP.” He said Ripple’s strategy for payments has been in the right direction overall. He also said that the company is facing more regulatory issues than issues related to its business model.
Philion cited an important shift in the industry’s perception of Ripple today. He mentioned that some people used to criticize XRP and Ripple for being affiliated with banks and financial institutions.
“When XRP and Ripple kind of started out, they were accused of being the banker coin,” Philion said. He then said that he made a comparison with the state of the crypto market at the present time.
“Now, everyone in the entire industry is desperate to be the banker coin,” he added. Amid this backdrop, it’s worth noting that Ripple and South Korea’s K-Bank recently partnered for blockchain payments, which supports XRP’s vision.
Philion said Ripple has stayed true to its initial objective. “I think they have a good solution,” he stated. He added that the company has “always been relatively true to that solution.” Phillion also said that XRP’s community is one of the loudest in the crypto industry.
An X user later posted the videotaped interview and singled out the Philion quote. The user stated that some of the crypto industry ridiculed XRP’s institutional vision. “They mocked the vision. Now they’re copying it,” according to the post.
Flare founder @HugoPhilion just said it out loud 👀
XRP and Ripple were accused of being the banker coin… now everyone in the entire industry is desperate to be the banker coin.
They mocked the vision. Now they're copying it 🔥$XRP $FLR @FlareNetworks pic.twitter.com/UHQCbR7lbA
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) June 10, 2026
In response, Garlinghouse posted a one-word reply to the original comment as he wrote, “True.” This comment immediately went viral and caught the eye of the XRP community.
About The XRP Ledger’s Upcoming Upgrade The Ripple CEO’s comment coincides with XRP Ledger Foundation planning a June 15 release of its version 3.2.0, This update comes on the heels of a successful launch of the XRPL 3.1.3 version last month. It included fixes and enhancements to NFTs, Multi-Purpose Tokens (MPTs), Vaults, the Lending Protocol, and Permissioned Domains.
One of the main aspects of the upcoming 3.2.0 upgrade is the transition of the core server software from “rippled” to “xrpld.” This change aims to better represent the growing open-source ecosystem that surrounds XRPL.
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Ripple CEO Brad Garlinghouse has joined an ongoing discussion within the XRP community regarding recent comments from Flare co-founder Hugo Philion.
Philion argued that Ripple and XRP were once criticized for targeting banks and payment providers. Today, however, much of the crypto industry is pursuing the same strategy.
He shared this view during a recent interview with AllInCrypto. XRP community figure BankXRP later shared clips from the interview on X. Garlinghouse responded to the post with a brief comment: “True.”
Philion Says the Industry Has Moved Toward XRP’s Vision During the interview, Philion said he had long been interested in XRP because of its focus on solving real-world payment problems. In his view, Ripple’s payments strategy has largely been on the right track despite years of regulatory challenges.
He also pointed to a major shift in industry sentiment. In XRP’s early years, critics often labeled it the “banker coin” because of Ripple’s focus on financial institutions.
Today, Philion noted that many blockchain projects are trying to build relationships with banks, payment companies, and other traditional financial players. As a result, criticism once directed at XRP now appears ironic.
According to Philion, Ripple has remained relatively consistent with its original goals. Meanwhile, the crypto industry has gradually moved toward the same opportunity.
Garlinghouse Backs the View Garlinghouse responded with “True,” a one-word reply that endorses Philion’s assessment. Supporters argue that Ripple’s focus on institutional adoption and cross-border payments was ahead of its time.
Meanwhile, Australian lawyer and XRP supporter Bill Morgan also weighed in on the discussion. Morgan highlighted what he sees as another contradiction in the criticism surrounding Ripple. He noted that the company has been criticized both for holding large amounts of XRP and for selling portions of its holdings.
His comments suggested that Ripple has often faced criticism regardless of how it manages its XRP reserves.
Not to mention criticizing Ripple for holding too much XRP and then criticising it when it sells XRP.
— bill morgan (@Belisarius2020) June 10, 2026
Why Flare Built Around XRP Philion also explained why XRP became a key focus for Flare. According to him, XRP was a natural starting point for the network’s development. He believed the asset represented a major opportunity that many investors and venture capital firms failed to recognize.
Philion recalled that some investors questioned Flare’s decision to focus on XRP. However, he argued that they underestimated the scale of the opportunity.
He pointed to the large amount of capital held by XRP investors and said those assets needed more utility beyond simple transfers and long-term holding.
Expanding DeFi for XRP Holders Rather than targeting Bitcoin first, Flare chose to focus on XRP because it lacked a meaningful decentralized finance ecosystem, Philion said. Building a DeFi market around XRP was not easy. Still, he believes the effort is beginning to gain traction.
His comments are part of an ongoing push within the XRP ecosystem to expand utility beyond payments. Projects such as Flare are working to bring DeFi services to XRP holders and create new use cases for the asset.
Flare’s FXRP initiative launched in 2025 and has continued to reach new milestones, including nearing 200 million circulating tokens.
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.
Ripple has highlighted the growing utility of XRP, with Flare co-founder and CEO Hugo Philion explaining how Flare is giving XRP holders access to new use cases.
Speaking on Ripple’s Onchain Economy series, Philion said Flare aims to extend the XRP ecosystem by bringing XRP into a smart contract environment. This allows XRP holders to access decentralized finance (DeFi) applications and other blockchain-based services.
Flare Connects XRP to Smart Contracts Philion described Flare as a Layer-1 network focusing on interoperability and data protocols. One of its key products is FXRP, a bridge that connects the XRP Ledger to the Flare network.
Through FXRP, XRP can be used in smart contract applications. This opens the door to DeFi services that are not available directly on the XRP Ledger.
For example, users can use XRP as collateral, borrow against it, access stablecoins, and interact with tokenized assets. These assets can include commodities such as gold and other real-world assets.
According to Philion, these tools allow XRP holders to do more with their tokens instead of simply holding them.
Given this utility, FXRP has gained wide acceptance in the crypto community. The most recent data show that FXRP has a circulating supply of 155.76 million and a TVL of $186 million.
New Yield Opportunities for XRP Holders Philion also highlighted yield generation as an important use case. Through Flare, users can deposit XRP as collateral to borrow stablecoins. They can then deploy those stablecoins into other markets that offer returns.
This approach allows users to earn yield while still maintaining exposure to their XRP holdings.
Flare has also integrated wallet features that let users manage XRP on Flare directly from the XRP Ledger. Philion said this creates a smoother experience between the two networks.
Privacy May Drive Institutional Adoption Looking ahead, Philion discussed a new initiative called Flare Confidential Compute.
The system operates outside the blockchain and uses trusted execution environments to verify confidential computations. It is designed for applications that require significant computing power, such as AI models and continuous risk-monitoring systems.
Philion believes privacy will be an important requirement for institutional participation in blockchain networks. He previously noted that FXRP surpassed 100 million in supply solely through retail, without institutional participation.
Flare Sees Growth Potential in Tokenized Assets Philion said Flare’s technology significantly expands the capabilities of Ripple and the XRP Ledger, especially in the real-world asset (RWA) sector.
He noted that once RWAs are issued on blockchain networks, Flare’s interoperability and smart contract tools can unlock additional functionality for those assets.
According to Philion, this could become a major growth area for both Flare and the XRP ecosystem as demand for blockchain utility continues to increase.
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.
