On Friday, June 26, Ripple [XRP] prices fell to $1.009, the closest brush of the psychological $1 level since November 2024. Despite the market weakness, XRP spot ETF inflows remained positive.
AMBCrypto reported that this spot ETF demand was tightening the available XRP supply, though it might not result in immediate positive gains in these stressed market conditions.
The lack of broader market XRP demand and reduced speculative interest in recent months pointed to a gloomy outlook.
Can the XRP bulls defend $1 from subsequent sell-offs? Source: XRP/USDT on TradingView The 1-day XRP chart highlighted an altcoin trading within a long-term downtrend. The persistent downtrend stretches back to July 2025. In February earlier this year, the swing low at $1.61 from April 2025 was breached, confirming a bearish trend.
For a few months, a range formation [purple] was in place, but the sell-off towards the end of May was too hot for the bulls to handle. At the time of writing, after a brief bounce toward $1.3, XRP was chopping about the $1.05 local lows.
The XRP price expectations for July Source: CryptoQuant The Open Interest has stabilized around 400 million XRP in recent months. The Open Interest Turnover Ratio was also holding stable near 0.71. The lack of wild spikes in either metric meant that the speculative market was calmer and more stable.
The derivatives traders were not too eager to place directional bets, and short-term speculation has slowed down. Analyst Arab Chain wrote that traders can use a spike in OI and the turnover ratio as an early warning of increased volatility.
Source: XRP/USDT on TradingView The 4-hour chart showed XRP was trading within a downtrend. The bounce to $1.2935 in mid-June was only a pullback toward the 78.6% Fibonacci retracement level at $1.2985.
This bounce was quickly sold off, and XRP was about to extend its bearish leg toward the southward extension targets at $0.975 and $0.854.
Therefore, as July progresses, a Ripple token price drop below $1 appeared highly likely.
Final Summary The speculative activity has dried up and the derivatives market was calmer, but traders need to be wary of changing conditions and heightened volatility. Based on the evidence at hand, the bearish XRP momentum and structure would likely see prices fall toward $0.85 in July.
The XRP Ledger Foundation has announced a partnership with VS1 Finance to develop an open source reference application for regulated and permissioned lending operations on the XRP Ledger. The initiative aims to demonstrate how credit processes requiring regulatory compliance can be managed directly on the network’s native infrastructure, paving the way for compliant financial solutions in the digital asset space.
Open source solution targets institutional adoptionThe forthcoming application will provide developers and financial institutions with a transparent, adaptable framework that can be reviewed and tailored for a variety of credit use cases. Rather than building proprietary, closed-source systems from scratch, institutions will be able to leverage this foundational software to create their own compliant lending products more efficiently.
The XRP Ledger Foundation is recognized as a nonprofit organization dedicated to supporting the XRP Ledger ecosystem. Within this collaboration, VS1 Finance will focus on designing the regulatory-compliant credit infrastructure that forms the backbone of the new system.
By launching an open source reference application rather than closed and proprietary software, the XRP Ledger Foundation and VS1 Finance aim to enable institutions to develop compliant credit solutions on the XRP Ledger at a faster pace.
The project will incorporate key features: user identity management, permissioned zones, single-asset vaults, and the core XRP Ledger credit protocol. Together, these components are expected to enable a more transparent credit structure, eliminating the need for external protocols and enhancing system integrity.
Glossary: Permissioned zones refer to network segments accessible only to users or entities meeting specific criteria. Single-asset vaults are structures in which collateral or credit is managed around a single digital asset.
Regulatory compliance shapes blockchain competitionInstitutional adoption is increasingly seen as a critical driver of growth in blockchain technology. Banks and financial firms, however, commonly require infrastructure that adheres to regulatory standards before embracing distributed ledger solutions.
This dynamic has accelerated the development of enterprise-level blockchain products targeting not just individual users, but also banks, asset managers, and corporations. Networks that can deliver regulatory-compliant financial services are expected to gain a significant competitive edge in the evolving landscape.
Aligned with recent progress on XRP LedgerThe new undertaking continues a trend of institutional-focused improvements within the XRP Ledger ecosystem, including the rollout of the AMM v2 update in May 2026. This protocol upgrade was specifically designed to support stablecoins, foreign currencies, and tokenized securities, further broadening the network’s capabilities.
Meanwhile, Ripple has been expanding RLUSD payment channels through Bitso and investing in Flutterwave. However, the ultimate success of this new lending model will depend on whether institutions move beyond testing to adopt the solution in real-world applications.
The main goal of the partnership is not simply to deliver a new lending service, but to build a foundation for a range of future institutional applications. Success will be measured by the extent to which participating organizations transition from pilot programs to full-scale implementation.
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.
XRP attracted its strongest wave of user participation in more than three months despite trading near a critical psychological support. According to Santiment, the network added 4,941 new wallets in a single day, marking its highest daily network growth during the past three months.
Retail traders also displayed stronger conviction, with the positive-to-negative social sentiment ratio climbing to 3.7:1, its highest level in four months. Those figures suggested that market participants viewed the $1.00–$1.05 range as an attractive accumulation zone despite recent price weakness.
However, the surge in wallet creation reflected growing interest rather than confirmed buying activity. Optimism remained supported by expectations surrounding institutional participation and ETF-related narratives. However, the price still required sustained demand to validate the renewed confidence.
Can XRP reclaim strength from $1.03? XRP continued defending the $1.03 support after briefly dropping to nearly $1.01, its lowest level in 19 months.
Buyers repeatedly responded around that area, preventing a decisive breakdown below the psychological $1.00 threshold. Even so, the broader structure remained bearish because XRP traded well below the $1.2386 resistance while failing to establish a sequence of higher highs.
At press time, the Relative Strength Index (RSI) stood at 32.76, remaining below the neutral 50 level despite recovering from deeply oversold conditions earlier in June. The reading indicated that selling pressure had eased slightly but still dominated the broader trend.
Unless buyers reclaim higher resistance levels, XRP would likely remain vulnerable to additional downside pressure despite the improving participation metrics.
Source: TradingView Long liquidations revealed where pressure intensified Derivatives activity showed that bullish traders absorbed the largest losses during the latest trading session. Total long liquidations reached approximately $1.28 million, while short liquidations totaled about $130,770, highlighting the imbalance between both sides of the market.
Binance accounted for the largest share of liquidated long positions with roughly $568,370, followed by Hyperliquid at $454,120 and Bybit at $122,810. Those figures indicated that leveraged bulls lost positions as XRP struggled to recover above nearby resistance.
However, the relatively smaller short liquidations suggested bearish traders faced limited pressure despite the temporary rebound from support. The liquidation imbalance reflected cautious market positioning. Besides, it also confirmed that buyers had not yet regained firm control of the prevailing trend.
Source: CoinGlass Funding rates reflected growing bearish conviction The OI-Weighted Funding Rate remained negative and stood near -0.0027% as of writing, indicating that short traders gradually regained control across perpetual futures markets.
Negative funding generally reflected stronger demand for short exposure because traders paid premiums to maintain bearish positions. The shift aligned with XRP’s inability to reclaim resistance despite improving network activity and rising social optimism.
Even though fresh wallet creation accelerated and retail sentiment strengthened considerably, derivatives traders continued favoring downside exposure. This divergence suggested that speculative traders remained unconvinced by the recent improvement in on-chain participation.
Unless Funding Rates return to positive territory alongside stronger price action, bearish positioning would likely continue limiting XRP’s recovery attempts.
Source: CoinGlass To conclude, XRP displayed encouraging growth in user activity and social sentiment, yet derivatives data painted a more cautious picture. Buyers successfully defended the $1.03 support, but negative funding, weak RSI, and dominant long liquidations showed that confidence remained fragile.
XRP would likely require stronger spot demand and a recovery above nearby resistance before the improving network activity translates into a sustained trend reversal.
Final Summary XRP attracted fresh users while bearish derivatives positioning continued, limiting price recovery efforts. Buyers defended $1.03 support despite rising long liquidations and negative funding rates.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
A financial disclosure filing released by the US government has revealed Donald Trump’s cryptocurrency-related assets.
According to information in the file, Trump’s crypto assets, including Bitcoin and Ethereum, are worth over $100 million.
The notification stated that Trump’s virtual Bitcoin key, held in a cold wallet, is worth over $50 million. Additionally, the value of his Ethereum key, also held in a cold wallet, was listed as ranging from $5 million to $25 million.
USDC assets also drew attention in the file. It was noted that the value of the virtual USDC key that Trump kept in a cold wallet was between $5 million and $25 million, and that $45,932 in interest income was earned from this asset.
According to the notification, Trump also has Ethereum assets staked under a Coinbase staking agreement. It was stated that he received a validator reward of $510,808 from this item.
The financial statement also included a licensing agreement with Celebration Coins. It was reported that $635,068,835 in royalties were generated from this agreement, the value of which is not easily determined.
*This is not investment advice.
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President Donald Trump reported more than $1 billion in crypto earnings for 2025, with a single meme coin and his family’s crypto venture driving most of the income detailed in a new federal financial disclosure.
The 927-page filing, released Tuesday by the Office of Government Ethics, arrived one day after a pivotal Supreme Court ruling. The decision widened presidential power over the independent agencies that regulate digital assets.
Where Trump Crypto Earnings Came FromThe filing shows CIC Digital, Trump’s meme coin business, earned about $636 million in royalties. He launched the token three days before his January 2025 inauguration.
World Liberty Financial added about $515 million from token sales and $65 million from equity in its holding company. The decentralized finance (DeFi) venture is roughly 38% owned by a Trump family entity.
Together, the three streams topped $1.2 billion. Trump separately disclosed more than $100 million in Bitcoin (BTC) and Ethereum (ETH) holdings.
The stake ties him to a Trump family crypto empire built on assets he now helps regulate.
Disclosure Lands Beside a Major Court RulingThe disclosure followed Trump v. Slaughter, a Supreme Court decision that lets presidents fire commissioners at independent regulators without cause.
The 6-3 ruling overturned Humphrey’s Executor, a 91-year-old precedent that had shielded those agencies from the White House. Legal analysts say it extends to the SEC and CFTC, the main crypto regulators.
The timing sharpened questions about Trump’s dual role as policymaker and crypto investor. Trump welcomed the outcome.
“This Decision gives tremendous additional Power back to the Presidency, where it belongs. It is an Honor to be the sitting President who, after all these years, WON this very important, and hard fought, Case,” Trump noted in a Truth Social post.
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Scrutiny Over Conflicts of Interest GrowsWorld Liberty Financial has drawn the sharpest scrutiny. In May 2025, Abu Dhabi state fund MGX settled a $2 billion Binance investment using the firm’s USD1 stablecoin.
That deal routed foreign-government money through a token the president’s family helps control. Senate Democrats demanded hearings into the venture over its foreign ties.
The White House has denied that a reported UAE deal shaped the firm. Lawmakers have pushed to bar federal officials from such crypto transactions.
The earnings landed during a market slump. Bitcoin’s spot price sat near $58,500 on Tuesday, down more than 50% from its October record.
Most small wallets that bought the meme coin have lost money, public data shows. Trump’s gains, set against those losses, will keep his stakes under watch as his agencies write the sector’s rules.
Corporate treasuries are quietly reshaping the supply dynamics of Ethereum. While the market fixates on Bitcoin as digital gold, a Nasdaq-listed company has now pushed its ETH stack to nearly 887,000 tokens. According to the original report, SharpLink (Nasdaq: SBET) acquired an additional 10,000 ETH at an average price of approximately $1,611, lifting its total holdings to 886,725 ETH as of June 28, 2026. The company simultaneously repurchased 2.13 million of its own shares at $4.69 on average and raised $75 million through a registered direct offering. The capital allocation strategy is stark: increase ETH exposure per share, not dilute it.
SharpLink’s identity as the second-largest Ethereum treasury company didn’t come out of nowhere. The firm has been methodically stacking ETH, treating the asset less like a speculative bet and more like a permanent balance sheet entry. The latest round of accumulation arrives alongside a clear signal from management about prioritizing per-share metrics. By buying back stock, SharpLink reduces its float, which magnifies each ETH held per outstanding share. For investors who view the company as a liquid proxy for Ethereum, the math becomes straightforward.
This is not a fringe move in a vacuum. Earlier this year, institutional capital entered blockchain infrastructure at record scale, with firms like Bullish acquiring major financial intermediaries and tokenized real-world assets crossing $20 billion on-chain. SharpLink’s actions fit into a broader pattern where public companies are no longer merely dabbling in crypto but are structuring their treasuries around it. While MicroStrategy defined the Bitcoin treasury playbook, Ethereum-focused strategies have been slower to develop. SharpLink is now the most prominent counterweight.
Capital Allocation With a Clear Mandate The $75 million raise through a registered direct offering is the engine behind the latest buy. Unlike secondary market purchases made quietly on the sidelines, this was a duly disclosed capital injection directed at one outcome. SharpLink’s management has not framed ETH as a short-term trade. The share buyback component suggests the company is trying to engineer a tighter correlation between its stock price and its Ethereum holdings. In practical terms, a lower share count with a rising ETH balance creates a higher ETH-per-share ratio, which appeals to institutional investors who cannot or will not custody ETH directly.
Yet, the execution carries market risk. If Ethereum’s price declines, the per-share math cuts both ways. For now, the average entry point around $1,611 sits comfortably below current spot levels in late June 2026, but the treasury’s size—worth roughly $1.5 billion at the time—makes SharpLink one of the most Ethereum-exposed public entities. Its balance sheet now holds more ETH than many DeFi protocol treasuries. The difference is that SharpLink is a regulated Nasdaq entity with quarterly reporting obligations, giving on-chain observers a cleaner window into corporate Ethereum accumulation than most DAOs provide.
What It Signals for Ethereum Markets Large, persistent buyers absorb liquid supply. SharpLink’s total holdings of 886,725 ETH represent over 0.7% of the circulating supply. When a single corporate entity accumulates at this scale, it introduces a structural demand floor that wasn’t present during previous cycles. Ethereum continues to lead developer activity across the blockchain sector, which underpins long-term value beyond the treasury narrative. The real question market participants are asking is whether other publicly traded companies will follow SharpLink’s lead. So far, ETH has lagged behind Bitcoin in corporate treasury adoption, partly because traditional CFOs still grapple with Ethereum’s more complex risk profile—smart contract exposure, protocol-level changes, and a different regulatory classification conversation.
Institutional staking and infrastructure plays are already carving a path. For instance, institutional staking from Nasdaq-listed firms has emerged as a tangible driver of demand in proof-of-stake ecosystems. SharpLink’s case could serve as a blueprint for companies looking to integrate ETH not just as an asset but as a yield-generating instrument, though the company has not publicly disclosed any staking activity tied to its treasury. If it eventually does, the model would shift from a simple holding company to a more active treasury management operation—something that would likely draw additional analyst coverage and regulatory scrutiny.
What remains uncertain is the regulatory boundary around such concentrated corporate ETH positions. Public companies reporting under U.S. securities laws must classify digital assets carefully. Any change in SEC guidance around crypto asset classification could force a revaluation or even a divestment. SharpLink’s bet, then, is not only on Ethereum’s price appreciation but also on a stable regulatory framework that doesn’t penalize corporate treasurers for holding the asset. In the current political cycle, that remains an open question. Still, the message from the company’s latest filing is unmistakable: they are not hedging, they are concentrating, and they are inviting shareholders to do the same through a shrinking float.
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Ethereum [ETH] has continued to hover between $1.5k and $1.6k amid prolonged market weakness. At press time, the altcoin was trading around $1,591 after rising slightly by 0.85% on the daily charts.
As the ETH market struggles persist, high-net-worth investors are capitulating and exiting at a loss.
FG Nexus’ losses on Ethereum hit $86 million With Ethereum down 36% YTD, high-net-worth investors who aggressively accumulated in 2025 are counting losses. As losses continued to rise, these investors, especially institutions, were aggressively exiting the market.
Onchain Lens reported one such investor. According to the on-chain monitor, FG Nexus sold another 3,375 ETH worth $5.34 million.
Source: Arkham FG Nexus bought 50,770 ETH for $196 million. So far, the team has sold 41,675 ETH for $94.51 million. The latest sale pushed the total loss realized to over $86.8 million.
When institutional investors sell at a loss during a downtrend, it signals fear of more losses.
Institutions on the back foot Interestingly, FG Nexus is not an isolated case, as U.S. institutional investors have been aggressively dumping ETH.
A look at the Coinbase Premium Index shows the metric has remained negative for 53 consecutive days. Such a streak was last seen between January and February, a period when Ethereum dropped from $3k to $1.8k.
Source: CryptoQuant In addition to institutional investors, it seems all market participants are currently less incentivized to hold their positions.
Looking at the altcoin’s Exchange Netflow, this metric has remained positive for two consecutive days. At press time, Netflow was 11.6k ETH.
Source: CryptoQuant A positive Netflow indicates increased exchange deposits relative to outflows. Such an exchange setup means more sellers than buyers.
Historically, such market conditions have preceded a weakened market structure, resulting in greater losses.
What’s next for ETH? Ethereum is currently facing weak demand and intense selling pressure, especially from institutional investors. As a result, the altcoin’s downside momentum continued to strengthen.
A look at the Daily Relative Strength Index (RSI), this indicator has remained deeply within the bearish zone. Currently, RSI sits at 35, near the oversold area, suggesting bears have total market control.
Source: TradingView Historically, when this momentum indicator is at such low levels, ETH has experienced prolonged weakness. Therefore, if the prevailing market sentiment persists, Ethereum is likely to see more losses on its price charts.
If this happens, ETH could lose the $1.5k support level and drop to $1,400. However, in the short term, the only viable positive outlook is Ethereum’s continued sideways movement, trading between $1.5k and $1.7k.
Final Summary FG Nexus sold another 3,375 ETH worth $5.34 million, extending realized losses to $86.8 million. ETH faces intense selling pressure from institutional investors, as bears eye a slip towards $1.4k.
The Spot Ether ETF outflows overwhelmed BitMine’s ETH accumulation, raising the chance of a drop below the $1,500 support.Falling DApps revenue and weak staking yields highlight limited ecosystem incentives despite tokenization potential.Ether (ETH) has failed to sustain prices above $1,600 since Thursday, following the broader cryptocurrency market's downtrend. Lower oil prices created a positive tone that fueled investors’ hopes for more expansionist monetary policy. That setup favors stocks and pushes bond yields higher.
Traders now fear that ETH will not hold the $1,500 support level for long. Spot Ether ETF outflows void the impact of accumulation from Ether treasury companies.
ETH/USD (orange) vs. Total crypto market cap (blue). Source: TradingView
Ether price has declined 31% since May and underperformed the total cryptocurrency market capitalization by 8% over that period. US-listed Ether ETFs saw $345 million in net outflows since June 17, which more than offset the $182 million in ETH accumulation from BitMine Immersion (BMNR US) and Sharplink (SBET US) during the same period.
Regulatory setbacks, AI competition and weak Ethereum onchain metricsSeveral factors appear to have held back investor appetite, including regulatory uncertainty in the United States. Meanwhile, the stock market continues to draw attention thanks to strong earnings and lower inflation expectations.
The Digital Asset Market CLARITY Act has awaited a Senate vote since May 15. The bill ends regulation-by-enforcement and clarifies which tokens count as securities. Yet it has faced pushback from lawmakers over provisions regarding stablecoin yields and anti-money-laundering standards.
Democratic lawmakers voiced ethical concerns about the Trump family’s ties to crypto and its role in the World Liberty Financial platform. Most view the CLARITY Act as a positive catalyst for the decentralized finance (DeFi) sector. So ongoing uncertainty around approval hurts institutional demand for ETH.
The artificial intelligence sector now competes with blockchain for data processing as cloud providers deliver services through agentic architectures. Enterprise software leader SAP (SAP DE) has integrated autonomous, modular AI agents natively across multi-vendor clouds, enabling peer-to-peer collaboration.
Ether investors also feel disappointment from stagnant Ethereum network fees and decentralized applications (DApps) revenues. As a result, ETH supply becomes inflationary, staking yields remain limited, and fewer incentives exist for ecosystem growth, since part of DApps' revenue flows back to users.
Ethereum network fees reached only $10.7 million in June, down from $24.4 million in April. DApps revenue hit $51.7 million in June, down from $64.8 million two months earlier. Top contributors included Sky (formerly Maker) at $12.7 million, Titan Builder at $7.2 million, and Chainlink at $4.6 million.
Ethereum supporters argue that tokenization remains in its early innings. The long-term growth potential should create enough blockchain demand to support a much higher ETH valuation.
Ethereum real world assets (RWA) active market capitalization, USD. Source: DefiLlama
While real world assets (RWA) show real promise, the $14.5 billion in tokenized market cap on Ethereum has yet to spark meaningful DeFi activity. With a 2.7% staking yield and weak onchain metrics, the odds of ETH breaking below $1,500 remain in play.
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
The trader's latest Ethereum liquidation came without a fresh deposit to backstop it, a first in a months-long losing streak tracked onchain.
Machi Big Brother, one of Hyperliquid's most-liquidated traders, was liquidated again on an Ethereum long and has now lost more than $80 million on the onchain derivatives exchange since September, according to onchain analytics firm Arkham.
Arkham said the trader, whose real name is Jeffrey Huang, was liquidated for $341,000 on an ETH position, taking his cumulative losses on Hyperliquid to $80.43 million since September 2025. To raise margin, Huang has been selling his Bored Ape Yacht Club NFTs; blockchain tracker Lookonchain reported he sold 34 of the NFTs over the past month for 326 ETH, about $514,000, realizing a loss of roughly 399 ETH, or about $631,000. His Hyperliquid balance has fallen to around $81,000.
What stands out about the latest hit is that, by Arkham's account, it is the first time Huang has been liquidated without immediately topping up his account. Earlier liquidations in the streak were repeatedly followed by fresh deposits. His run has become one of the most visible cautionary tales of the leverage that has driven Hyperliquid's rise, where the public order book turns each forced exit into a spectacle. It echoes the run of James Wynn, another Hyperliquid trader whose leveraged bets drew crowds hunting his liquidation levels before his account was ground down.
A Months-Long Losing StreakHuang's losses have tracked Ether's decline. ETH trades near $1,578, down about 21% over the past 30 days, roughly matching Bitcoin's 20% drop over the same stretch, according to CoinGecko. Measured from September, when Huang began the streak, the slide is far steeper: ETH has fallen by about two-thirds from the roughly $4,700 it traded at then.
Lookonchain has counted hundreds of separate liquidations across Huang's account, a tally that earned him the nickname "King of Liquidations." His Hyperliquid profits peaked at about $44.8 million in September 2025 before the position turned, on-chain trackers say. He had drawn margin for some of the recent trades from a PleasrDAO treasury wallet funded years earlier.
The NFT sales have crystallized steep losses on assets bought at the top of the 2021 market. The largest single loss Lookonchain flagged was Bored Ape #6057, which Huang bought roughly four years ago for 76.84 ETH and sold for 7.65 wrapped ETH, an ETH-denominated loss of about 90%. At his peak, Huang held more than 200 Bored Ape Yacht Club NFTs.
Onchain data only reflects wallets that trackers have identified, so the figures capture activity on Hyperliquid and tagged NFT sales rather than Huang's full net worth. Holdings on other platforms or in unlabeled wallets would not appear, and the question of whether he is "out of money," as Arkham put it, cannot be answered from public data alone.
Ethereum price today: $1,570Sharplink acquired 10,000 ETH and repurchased 2.13 million shares of its common stock last week.Ethereum has recorded a third consecutive quarterly loss after declining by about 25% in Q2.ETH has continued to falter ahead of a key descending trendline and $1,611 resistance.Ethereum (ETH) treasury firm Sharplink (SBET) resumed accumulation of the second-largest cryptocurrency by market capitalization last week after months on the sidelines.
The Florida-based firm acquired 10,000 ETH last week at an average price of $1,611 per ETH, marking its first purchase since October. The move has pushed its holdings to 886,725 ETH worth roughly $1.4 billion at the time of writing.
The purchase follows the company's latest direct offering, where it raised $75 million.
"The successful completion of our $75 million registered direct offering last week has strengthened our balance sheet and provided the capital to support our active ETH treasury management strategy," said Sharplink CEO Joseph Chalom in a Tuesday statement. "Our capital allocation philosophy is disciplined and straightforward: every financing decision we make is based on our long-term objective to increase ETH per share."
Sharplink also repurchased over 2.13 million shares of its common stock last week at an average price of $4.69 per share, which it terms as "significantly undervalued." The company stated that it has now repurchased over 4 million shares since beginning its stock buyback program last August.
The company's stock closed at $4.80 on Tuesday, down 2.44%, marking an 88% drop from its 52-week high of $40.46.
The decline reflects that of its underlying assets, as ETH has marked its third consecutive quarter of losses, with a 25.4% decline in Q2, according to Coinglass data. In the past two quarters, it saw losses of 29.2% and 28.2% in Q1'26 and Q4'25, respectively.
Last week, Sharplink, together with its Chairman Joe Lubin and BitMine, also funded the launch of Ethereum research and development non-profit Ethlabs.
Sharplink kick-started the Ethereum treasury strategy last year when it transitioned its treasury to focus on accumulating ETH in May 2025, around prices slightly below current price levels.
Ethereum Price Forecast: ETH falters before the convergence of the $1,611 and descending trendline resistanceEthereum recorded $58.5 million in liquidations over the past 24 hours, led by $41.3 million in long liquidations, according to Coinglass data.
On the daily chart, ETH is extending its bearish bias as price remains well below the 20-, 50- and 100-day Exponential Moving Averages (EMAs) at $1,669, $1,824 and $2,002, respectively. The top altcoin also remains below the downward-sloping trendline break at $1,617, reinforcing the view that recent rebounds are capped by overhead supply.
The Relative Strength Index (RSI) at 34 remains just above oversold territory, while the Stochastic Oscillator (Stoch) near 21 suggests downside momentum persists but may be losing intensity.
On the topside, initial resistance is seen at the $1,611 horizontal level and the descending trendline around $1,617. The hurdle is followed by the 20-day EMA at $1,669 and a nearby horizontal barrier at $1,741. Above that, a thicker supply zone emerges between $1,806 and the 50-day EMA at $1,824, ahead of further hurdles at $1,909 and the 100-day EMA near $2,002.
ETH/USDT daily chartOn the downside, immediate support comes in at the horizontal floor at $1,524, ahead of a secondary cushion at $1,404, while a deeper sell-off would expose the more critical base near $1,155.
(The technical analysis of this story was written with the help of an AI tool.)
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Taiwan’s legislature has enacted a new law establishing comprehensive regulations for crypto platforms and stablecoin issuers, marking a significant shift from the previous anti-money laundering registration system. The legislation introduces a formal licensing regime for virtual asset service providers (VASPs) and mandates that stablecoin issuers maintain full reserve backing in domestic financial institutions. The move aligns Taiwan with regional trends towards enhanced oversight of digital assets and indicates a major step into the regulated crypto era. This development is viewed by market participants as a potential boost for Bitcoin and Ethereum, given the positive regulatory clarity in a key Asian market.
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Key Takeaways Taiwan’s regulatory move appears to provide a boost to Bitcoin’s prospects, with market pricing indicating increased confidence in achieving higher price targets. The regulatory clarity in Taiwan suggests a potential increase in institutional interest in cryptocurrencies, which could positively impact future price predictions. Market activity reflects a supportive stance towards Ethereum’s market sentiment, albeit with less direct impact compared to Bitcoin. What to Watch Observers should monitor how the new regulations influence institutional behavior towards Bitcoin and Ethereum in Taiwan. The timeline for existing VASPs to obtain full licenses and achieve regulatory approval could be a key indicator of market adaptation. Further developments in regional regulatory stances may continue to shape market dynamics and influence investor confidence in digital assets.
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Contract Odds Δ since publish Volume 24h June 30, 2026 0.1% — — View market → December 31, 2026 4.2% — — View market → What Price Will Bitcoin Hit Before 2027
Contract Odds Δ since publish Volume 24h December 31 1.8% — — View market → December 31 2.1% — — View market → December 31 4.7% — — View market → December 31 5.5% — — View market → December 31 6.5% — — View market → January 1 2027 12.5% — — View market → January 1 2027 46% — — View market → January 1 2027 8.5% — — View market → January 1 2027 1.7% — — View market → January 1 2027 2.5% — — View market → January 1 2027 4.3% — — View market → January 1 2027 5.5% — — View market → January 1 2027 7.5% — — View market → January 1 2027 82.5% — — View market → January 1 2027 16.5% — — View market → January 1 2027 1.4% — — View market → January 1 2027 4% — — View market → January 1 2027 64.5% — — View market → January 1 2027 29.5% — — View market → January 1 2027 12.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 4% — — View market → January 1 2027 2.9% — — View market → January 1 2027 1.4% — — View market → January 1 2027 1.1% — — View market → January 1 2027 15.5% — — View market → January 1 2027 18.5% — — View market → ⚡ Also Impacted by This Story
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PANews, July 1 – According to SoSoValue data, crypto sectors generally fell, with the Layer 2 sector down 3.57% in 24 hours. Among them, Mantle (MNT) fell 4.97%, Starknet (STRK) fell 4.93%, and Celestia (TIA) fell 9.54%. Meanwhile, Bitcoin (BTC) fell 1.89%, dropping below $59,000; Ethereum (ETH) fell 0.98%, dropping below $1,600.
In other sectors, the PayFi sector fell 0.29% in 24 hours, but Stellar (XLM) rose 11.00%; the CeFi sector fell 0.87%, Binance Coin (BNB) fell 1.19%; the Meme sector fell 1.05%, MemeCore (M) rose against the trend by 22.60%; the Layer 1 sector fell 1.41%, Cardano (ADA) was relatively resilient, rising 1.32%; the DeFi sector fell 2.79%, LAB (LAB) fell 14.83%.
Additionally, the SocialFi and NFT sectors were relatively resilient, rising 0.50% and 0.54% respectively. Within the SocialFi sector, Gram (GRAM) rose 1.01%; within the NFT sector, Audiera (BEAT) rose 7.87%.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are showing early signs of stabilization on Wednesday after a recent correction. BTC rebounds modestly after falling to a fresh yearly low of $57,800, ETH holds above the critical $1,500 support level while XRP stabilizes around the key $1.00 psychological mark. The technical outlook for these top three cryptocurrencies is raising hopes of a short-term recovery after a massive price decline.
Bitcoin hits a new yearly low of $57,800Bitcoin price is recovering slightly to $59,000 after hitting a new yearly low of $57,800 on Wednesday. BTC is extending its slide well below the key Exponential Moving Averages (EMAs), which keeps the bias firmly bearish. The 50-day EMA at $66,352, the 100-day EMA at $70,133 and the 200-day EMA at $76,276 all sit overhead, suggesting a market that remains capped by a dense band of medium- and long-term trend resistance.
The Relative Strength Index (RSI) on the daily chart hovers near 32, hinting at lingering weak momentum rather than a capitulation low. At the same time, the Moving Average Convergence Divergence (MACD) turns slightly negative again around the zero line, suggesting that the latest bounce is stalling under layered overhead supply.
On the topside, initial resistance emerges at the prior horizontal barrier around $64,004, ahead of the 50-day EMA near $66,352, with further recovery levels at the 100-day EMA at $70,133 and the 200-day EMA around $76,276.
A more substantial bullish reassessment would require a daily close above these clustered EMAs, while a failure to reclaim the $64,000 area would leave BTC vulnerable to a renewed downside extension targeting the key psychological level at $55,000.
Ethereum holds strong above the $1,500 levelEthereum price trades at $1,586 on Wednesday, holding above the key support zone at $1,500. However, ETH is maintaining a bearish bias, with price remaining well below the 50-day, 100-day, and 200-day EMAs, clustered between roughly $1,815 and $2,286.
The RSI hovers around 34, maintaining downside pressure, while a mildly positive MACD reading suggests a tentative loss of selling momentum rather than a clear bullish reversal.
On the topside, initial resistance emerges at the 50-day EMA near $1,814, with the 100-day EMA around $1,993 and the horizontal barrier at $2,000 forming a broader supply zone; beyond that, the 200-day EMA near $2,285 is a more strategic cap.
On the downside, the next notable support comes in at the horizontal level around $1,385, where buyers may attempt to stabilize the decline if the pair extends lower.
XRP steadies at key $1 markXRP price trades at $1.0471, maintaining a bearish near-term bias as it remains well below the 50-day, 100-day, and 200-day EMAs at $1.1937, $1.3019, and $1.5145, respectively. The pair also trades beneath the upper boundary of a downward parallel channel near $1.1597, underscoring a capped structure. At the same time, the RSI hovers around 34 and a slightly negative, flattening MACD histogram hints at weak but stabilizing downside momentum rather than an immediate reversal.
On the topside, initial resistance aligns with the channel boundary around $1.1600, followed by the 50-day EMA near $1.1937. Above these, the horizontal barrier at $1.3000 sits close to the 100-day EMA around $1.3019, forming a broader supply zone ahead of the more distant 200-day EMA near $1.5145 and the major horizontal resistance around $1.9000.
With no clear nearby structural support printed below the spot in this dataset, a daily close back above the $1.1600–$1.1900 band would be needed to ease immediate bearish pressure. At the same time, a failure to reclaim that cluster would keep the risk skewed toward further downside exploration.
(The technical analysis of this story was written with the help of an AI tool.)
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
Dogecoin has returned to the spotlight as technical signals reminiscent of previous market lows attract attention, despite the meme coin’s ongoing weak performance in recent months. Price action, combined with momentum data, has reignited discussion about whether a significant move could be on the horizon for Dogecoin.
Correction structure dominates technical outlookAnalyst Hailey notes that, according to Elliott Wave analysis, Dogecoin is still trading within an extended corrective pattern, rather than entering a fresh bearish trend. This perspective suggests that the current pullback marks the final leg of Wave IV in the major framework evolving since DOGE’s all-time high in 2021.
Glossary: Elliott Wave theory is a technical analysis approach that interprets market moves as recurring wave patterns. Analysts use this method to categorize correction and rally phases into distinct waves.
Dogecoin is currently contained within a broad correction formation, repeatedly testing key support levels. Since peaking earlier in 2024, a downward-sloping trendline has served as a primary resistance, capping any recovery attempts.
Hailey emphasizes that as long as previous Elliott wave structures remain intact, a triangle formation is the most probable scenario, with the price holding nearly 30% above the invalidation level.
According to the analysis, the Wave 4 support zone is a pivotal area for Dogecoin’s long-term outlook. If this zone holds, the price could target the $1.00 to $1.10 range in the next upward swing. This scenario would represent a potential gain of over 1,090% from the projected bottom. However, it is also noted that a period of sideways consolidation may occur either before or after any prospective rally.
RSI readings echo historical bottomsTrader Tardigrade points out that Dogecoin’s weekly Relative Strength Index (RSI) has returned to the low levels last seen during previous market bottoms. The RSI is a widely used momentum indicator that helps determine whether an asset is reaching overbought or oversold conditions.
During the 2022 bear market, Dogecoin’s weekly RSI dropped to similar points, after which the price surged approximately 886%, closing near $0.48. Because the current setup closely mirrors this historical pattern, there is renewed discussion about the possibility of a move toward the $0.70 region should the pattern repeat itself.
Trader Tardigrade cautions that while an oversold RSI alone does not guarantee a bullish reversal, it can signal that selling pressure is beginning to weaken.
At the same time, DOGE is trading near the critical $0.07 support area, which has previously attracted strong buying interest. Whether this level can be held is expected to play a decisive role in determining Dogecoin’s short- and medium-term trend.
Long positions rise in futures tradingExpert CW observes that, since June 24, there has been a clear increase in long positions on BitMEX. Open interest has grown from about 1 billion contracts to nearly 1.7 billion. This suggests fresh capital is entering DOGE futures as prices hover near monthly lows.
IndicatorPreviousCurrent statusOpen interestAround 1 billion contractsNearly 1.7 billion contractsKey support$0.07 areaClosely watchedPotential target range$0.70$1.00 to $1.10The rise in net long positions suggests many investors are expecting a leveraged upward move. However, this scenario also introduces additional risk. If Dogecoin fails to break through resistance levels, a rapid liquidation of leveraged positions could intensify selling pressure.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Crypto market cycles often repeat familiar patterns, even if the projects involved are different. Long periods of consolidation are frequently followed by renewed investor interest once broader market conditions improve.
That is one reason analysts who successfully identified Dogecoin’s early breakout before its historic 2021 rally continue attracting attention whenever they discuss new opportunities.
Some of those market observers now believe today’s environment resembles the accumulation period that preceded Dogecoin’s biggest move.
While Dogecoin remains stuck inside a long-term consolidation range, attention is gradually expanding toward newer AI-focused projects such as MemeToro ($MT), particularly as the project progresses through its presale and works toward future exchange listings.
Why Analysts Are Comparing Today’s Memecoin Market With 2021 The comparison is based on market structure rather than price.
Historical analysis suggests Dogecoin spent an extended period moving inside a broad consolidation channel before momentum eventually accelerated during the 2021 bull market. According to several market researchers, current conditions share similarities with that earlier accumulation phase.
Despite ongoing bearish sentiment, long-term support levels continue holding across much of the crypto market.
For experienced analysts, this type of environment often represents a period where investors quietly begin building positions instead of chasing rapid price movements. The emphasis shifts away from short-term volatility toward identifying projects capable of growing through weaker market conditions.
That broader perspective has encouraged researchers to look beyond established cryptocurrencies.
Why MemeToro Has Entered Analyst Discussions MemeToro is appearing on more watchlists because it represents a different type of memecoin project.
Rather than relying solely on community-driven speculation, the platform combines artificial intelligence, SocialFi participation, decentralized prediction markets, behavioral finance, and automated token creation inside one ecosystem.
This approach reflects one of the strongest themes currently shaping crypto development.
Artificial intelligence continues attracting both developers and investors despite broader market uncertainty. Analysts increasingly believe platforms capable of combining AI with active blockchain participation may be better positioned for long-term adoption than projects built entirely around social momentum.
That distinction has helped increase visibility around MemeToro during its presale.
More Than a Standard Memecoin MemeToro extends beyond automated token creation.
Users can participate in decentralized prediction markets using both $MT and BNB to forecast outcomes across cryptocurrency, sports, entertainment, politics, and global events. The ecosystem also includes staking opportunities offering rewards of up to 35% APR, creating additional incentives for long-term participation.
The roadmap continues expanding as well.
Future plans include dedicated blockchain infrastructure and additional on-chain tools designed to strengthen ecosystem activity after launch.
This broader product strategy differentiates the project from many traditional memecoin launches.
Stage 3 Progress and Listing Expectations The project is currently progressing through Stage 3 of its public presale.
So far, $27,284.54 has been raised toward the current round target of $80,644.11. The current presale price is $0.00171 per $MT, with pricing expected to increase as future stages are completed.
The tokenomics emphasize community participation.
The total supply is fixed at 1.2 billion $MT, with 71% allocated to public sale participants, alongside dedicated allocations for exchange liquidity, ecosystem rewards, marketing partnerships, platform operations, and long-term development.
Although community discussions frequently reference future listing agreements, the project’s long-term performance will ultimately depend on ecosystem adoption and continued execution following launch.
Final Thoughts on Crypto Memecoin Market The market environment continues reminding many analysts of the consolidation period that preceded Dogecoin’s historic 2021 rally.
Whether history repeats itself remains uncertain, but periods of extended accumulation have historically encouraged investors to research early-stage projects before broader market momentum returns.
MemeToro has become one of those projects through its combination of AI-powered memecoin creation, decentralized prediction markets, SocialFi participation, staking rewards, and community-focused tokenomics.
As Stage 3 continues progressing toward its funding target, the project remains one of the more closely watched AI-focused presales preparing for its next phase of development.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
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Leading cryptocurrencies reversed course on Tuesday amid negative sentiment in the market, but analysts believe the sell-off may have carved out a bottom.
Crypto Market RetreatsBitcoin pulled back to about $58,000 after Monday’s surge, while 24‑hour trading volume ticked up slightly. Ethereum pulled back from $1,600 and traded around the $1,500 level, while XRP and Dogecoin slipped modestly.
Nearly $250 million was liquidated from the cryptocurrency market in the last 24 hours, with $183 million in bullish long positions alone erased, according to Coinglass data.
Bitcoin’s open interest rose 1.52% over the last 24 hours. An increase in open interest when the price falls indicates a short buildup, meaning sellers are entering the market to create new short positions.
"Extreme Fear" sentiment persisted in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.07 trillion, broadly unchanged over the last 24 hours.
Dow Hits New Closing HighDow finished June 2.43% higher, while the S&P 500 and the Nasdaq slid 1.32% and 3.22%, respectively.
Bitcoin Inside ‘High-Coviction Accumulation Zone’Ali Martinez, a widely followed cryptocurrency analyst and trader, noted that Bitcoin’s supply in loss has exceeded its supply in profit for the first time in this cycle.
Martinez said that this on-chain crossover has historically aligned with “major” cycle bottoms in 2011, 2014, 2018, and 2020.
“While historical data shows that the duration of these crossover periods can vary from a few weeks to several months before a primary trend reversal begins, it confirms that BTC is currently trading inside a high-conviction accumulation zone,” the analyst added.
On-chain analytics firm CryptoQuant highlighted a negative Coinbase Premium Index for Ethereum, suggesting high selling pressure from U.S. institutional investors. At the same time, funding rates on Binance have turned negative, which suggests leveraged traders are leaning bearish.
“The combination of deeply negative funding rates and a discount on Coinbase often characterizes a ‘Wall of Worry,'” the analytics firm said. “Historically, when speculative sentiment is this depressed while organic supply is being absorbed by staking, it creates a fragile environment for short-sellers.”
Photo: KateStock / Shutterstock
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Hollywood director Carl Rinsch has been sentenced to two and a half years in prison for defrauding Netflix out of $11 million, which he spent on crypto, stocks and luxury goods.
A Manhattan federal court on Monday sentenced Rinsch, known for directing the 2013 film “47 Ronin,” starring Keanu Reeves, to 30 months in prison after he was convicted in December on charges including fraud and money laundering.
“Rinsch orchestrated a scheme to steal millions by seeking $11 million from a subscription streaming service, falsely claiming that money would be used to finance a television show that he was creating,” Manhattan US Attorney Jay Clayton said in a statement Monday.
“Instead of using the money to make the show, Rinsch made risky bets on highly speculative stock options and cryptocurrency, and spent millions of dollars on luxury goods for himself,” Clayton added. “Today’s sentence sends a deterrent message: fraud will not be tolerated.”
Rinsch’s sentence was far below the maximum possible prison time of 90 years he was facing for his seven total charges, to which he pleaded not guilty. His defense also argued that he suffered from mental health issues.
The sentence brings to a close a 15-month saga after Rinsch was arrested in March 2025 for defrauding what prosecutors referred to in court documents as “Streaming Company-1,” which multiple reports have identified as Netflix.
Source: US Attorney SDNY
Rinsch makes $27 million on Dogecoin betAccording to a March 2025 indictment and a November 2023 New York Times report on a confidential arbitration proceeding between Netflix and Rinsch, the company initially gave Rinsch $44 million for his sci-fi show “White Horse,” later renamed “Conquest,” but he asked for more funds to finish the show, prompting Netflix to wire an additional $11 million in March 2020.
Rinsch used $10.5 million from the fresh funding to gamble on the stock market and quickly lost about half of it in a few weeks by trading options on pharmaceutical companies and the S&P 500.
Rinsch transferred more than $4 million in remaining funds to crypto exchange Kraken and went all in on the memecoin Dogecoin (DOGE), a bet that ultimately generated around $27 million when he liquidated in May 2021, according to an account statement seen by The Times.
Carl Rinsch giving an interview in 2013 for his feature directorial debut film 47 Ronin. Source: YouTube
With the DOGE winnings, Rinsch then spent about $10 million on personal expenses and luxury goods, including $1.8 million on credit card bills, $1 million on lawyers to sue Netflix, $3.8 million on furniture and antiques, $2.4 million on five Rolls-Royces and a Ferrari, and $652,000 on watches and clothes, according to the indictment.
Rinsch never finished the show or returned the funds Netflix provided to complete it.
Prosecutors asked for five yearsRinsch was convicted of one count each of wire fraud and money laundering, each carrying a maximum sentence of 20 years in prison, along with five counts of making monetary transactions in property derived from unlawful activity, each carrying a maximum of 10 years.
Prosecutors asked the court in a mid-June sentencing memo to give Rinsch five years in prison after he argued for a sentence without prison time.
Rinsch’s defense said he suffered from mental health issues, with friends and family members writing to the court to say that his behavior changed around the time of the offenses. Keanu Reeves also wrote to the court in support of Rinsch.
In addition to his two-and-a-half-year prison term, Rinsch was sentenced to three years of supervised release, $11 million in forfeiture and $700 in mandatory special assessments.
Magazine: China’s 107 Bitcoin memory thief, Bithumb CEO booked: Asia Express
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Cardano (ADA) founder Charles Hoskinson made noteworthy statements regarding the governance structure, growth strategy, and community unity within the Cardano ecosystem.
Hoskinson stated that the Cardano community needs to return to unity, empathy, and productive discussion, saying, “I want to return to unity, empathy, and productive conversations. I want to return to the mindset of solving problems and getting things done.”
Cardano’s founder also announced plans to establish a political party and a DRep structure within the ecosystem. Hoskinson stated that the priority in this process is clarifying the growth strategy. He then explained that the focus will shift to how to add executive functionality, how to formulate the strategy, and how to determine the budget. According to Hoskinson, these topics will form the four fundamental pillars of the new structure.
Hoskinson stated that his current priority is to ensure Cardano grows responsibly, with a unified voice, and under the right structures. Responding to those who expect leadership from him, Hoskinson said his goal is to move the community to that point and that he will continue working towards it every day.
Hoskinson, defending Cardano’s technical and governance infrastructure, said that competing projects cannot compare to Cardano’s level of decentralization and the quality of the structure built. “Our competitors cannot stand up to the level of decentralization and the quality of the structure we have built,” Hoskinson stated.
However, Hoskinson also acknowledged that there are serious problems within the Cardano ecosystem. While stating that he wants Cardano to succeed, Hoskinson pointed out a lack of unity within the ecosystem, a absence of a common ground where healthy discussions can take place, and the need for these discussions to translate into action. Hoskinson also added that Cardano needs more effort in the areas of marketing and commercialization.
Hoskinson argued that Cardano governance has been in “complete chaos” for the past two years. He noted that fatigue had set in during the DReps (Deep Resource Areas) and some participants had left, resulting in a sharp drop in ADA price, Cardano falling out of the top 10 by market capitalization, a decline in TVL (TVL) and trading volume, many promising projects struggling, and fatigue on both the developer and governance sides.
The founder of Cardano recalled that in the past, there was a clearer delegation of authority in Cardano, and that the ADA price rose from $0.04 to $3 between 2017 and 2021. Hoskinson stated that during that period, executive power regarding growth and strategy was more pronounced, but that the structure subsequently descended into chaos.
*This is not investment advice.
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Mark Schoenberg, Chief Medical Officer of UroGen Pharma Ltd. (URGN +2.02%), reported the sale of 10,000 shares of common stock in an open-market transaction on June 22, 2026, according to a SEC Form 4 filing.
Transaction summaryMetricValueShares sold (direct)10,000Transaction value$350,100Post-transaction shares (direct)129,763Post-transaction value (direct ownership)~$4.54 millionTransaction value based on SEC Form 4 weighted average purchase price ($35.01); post-transaction value based on June 22, 2026, market close ($34.99).
Key questionsHow does this sale compare to Schoenberg's historical trading activity?
The 10,000-share sale is in line with his typical open-market trade size, with recent sell-only trades averaging around 9,000 shares; this transaction falls within his established pattern over the past year.What impact does this have on his ownership stake?
The transaction reduced Schoenberg's direct holdings by 7.15%, but he continues to hold 129,763 ordinary shares—representing a meaningful ongoing ownership position in UroGen Pharma Ltd.Were any derivative securities or indirect holdings involved?
No derivative securities (such as options) or indirect entities (such as trusts or LLCs) were involved; the sale consisted solely of directly held common stock.What does the cadence of recent trades indicate about Schoenberg's strategy?
With regular 10b5-1 plan-driven sales and a declining total share base, the moderate trade size reflects both routine liquidity management and a shrinking pool of available shares for further disposition.Company overviewMetricValuePrice (as of market close 6/22/26)$35.01Market capitalization$1.8 billionRevenue (TTM)$140.49 million1-year price change174.3%* 1-year performance calculated using June 30, 2026, as the reference date.
Company snapshotDevelops and commercializes specialty therapeutics for urothelial and other specialty cancers, with key products including Jelmyto and Zusduri, and a pipeline focused on non-muscle-invasive bladder and upper tract urothelial cancers.Operates a biotechnology model centered on proprietary drug formulations and sustained-release delivery platforms, generating revenue primarily from product sales and licensing agreements.Targets urology specialists, oncologists, and healthcare providers treating patients with non-muscle invasive urothelial cancers in the United States.UroGen Pharma Ltd. is a biotechnology company specializing in innovative therapies for urothelial cancers, leveraging proprietary hydrogel technology and sustained-release drug formulations. The company’s strategy emphasizes advancing late-stage clinical candidates and expanding its commercial footprint in niche oncology markets. UroGen’s competitive edge lies in its differentiated delivery platforms and focus on unmet medical needs within urologic oncology.
What this transaction means for investorsSchoenberg’s recent sale of UroGen stock looks more like an insider supplementing their income than a loss of confidence in the business. After all, they retained the vast majority of their shares.
UroGen could have a new treatment option available for patients with recurrent low-grade intermediate-risk non-muscle invasive bladder cancer. UGN-103 is similar to the company’s already successful treatment, Zusduri, but it boasts simpler manufacturing and reconstitution processes. In a recent study, UGN-103 produced results in line with those that made Zusduri a success.
In the first quarter of 2026, Zusduri sales soared to $29.2 million from just $15.8 million in the fourth quarter of 2025. Sales of the company’s Jelmyto product for upper tract bladder cancer are expected to rise to a range between $97 million and $101 million from $94 million in 2025.
UroGen is still reporting losses, but the losses are shrinking. In the first quarter, the company lost $23.6 million compared to a loss of $43.8 million in the previous year period.
Cory Renauer has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
NEW YORK and NEW ORLEANS, June 30, 2026 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until August 25, 2026 to file lead plaintiff applications in a securities class action lawsuit against Futu Holdings Limited ("Futu" or the "Company") (NasdaqGM: FUTU), if they purchased or otherwise acquired the Company’s securities between May 24, 2023 and May 27, 2026, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased securities of Futu as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgm-futu/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 25, 2026.
>>>CLICK HERE for more information
About the Lawsuit
Futu and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company was not in compliance with the requirements of the China Securities Regulatory Commission, including because it continued to conduct securities business, public fund sales business and futures business in mainland China without obtaining the requisite licenses or approval; (ii) as a result, the Company was reasonably likely to face regulatory penalties, including the disgorgement of ill-gotten gains and other penalties; (iii) as a result of the foregoing, the Company’s financial results were overstated; and (iv) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
The case is Tang v. Futu Holdings Limited, et al, 26-cv-05453.
>>>To Learn More, Click HERE
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
>>>For More Information about the case, Click HERE
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner [email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163
On June 12, SpaceX (SPCX +4.06%) completed the largest initial public offering (IPO) in history, raising about $85.7 billion after underwriters exercised their overallotment option. Less than a month later, the company is about to become something more than just a hot new stock, but also one that millions of people will own indirectly without ever choosing to buy it.
Before the market opens on July 7, the company will join the Nasdaq-100, the index that sits behind the Invesco QQQ Trust (QQQ +1.70%) and a long list of 401(k) and retirement-plan funds. More than $800 billion is benchmarked to that index, and all of it now has to make room for Elon Musk's rocket company.
Here's what that actually means if you hold a Nasdaq-100 fund.
Image source: Getty Images.
Why some funds will have to buy SpaceX stock An index fund doesn't pick stocks. It holds whatever its index holds, in the same proportions, and leaves the judgment calls to the rulebook. So when the Nasdaq-100 adds SpaceX, every fund tracking it has to buy the stock -- not because a manager decided it was a bargain, but because the index says so.
That forced buying is the whole story here. J.P. Morgan estimates it at about $4.3 billion, and much of it will likely happen after the close on July 6 -- the day before the change takes effect. This means that a fund built to track an index can't wait for a better price.
What makes this unusual is the speed. SpaceX qualifies just 15 trading days after going public -- a fast-track entry under the Nasdaq-100's new rules, which allow certain IPOs to be added after 15 trading days without meeting the usual seasoning requirement. SpaceX would not have qualified under the old rules.
S&P Global, by contrast, has said it won't relax its own rules and will wait at least a year before weighing SpaceX for the S&P 500. And because this is a fast-track addition, no current member is being dropped to make space. The index will simply hold more than 100 names for a while.
Today's Change
(
4.06
%) $
6.67
Current Price
$
170.86
Your slice is smaller than it looks At a valuation of more than $2 trillion, SpaceX is one of the most valuable companies in the country, so you might expect it to enter the index as one of its largest members. It won't.
The Nasdaq-100 uses a modified weighting method that doesn't simply weight stocks based solely on market capitalization. The stock is estimated to enter the Nasdaq-100 Index at a weighting of less than 1%.
So what should a passive holder of any fund tracking the NASDAQ-100 expect? In the near term, a one-time bump in buying around July 6 and 7, and then a small position in SpaceX (indirectly, of course), whether you wanted it or not.
Personally, I wouldn't change a thing in my portfolio because of this. But it's worth knowing that your Nasdaq-100 fund will now hold a piece of a barely public, money-losing company at a wild valuation. This is just part of index investing.
Of course, just because SpaceX stock looks overvalued today doesn't mean it won't pan out to be a good investment over the long haul. But it also doesn't guarantee that it won't be a poor investment. One thing is certain, though: shares have traded extremely volatily since they went public. The stock has traded as high as $225.64 and as low as $147.11. Today, it's trading at $169.44. Investors should expect this volatility to continue. But since it will initially be weighted at less than 1% of the index, its impact on Nasdaq-100 tracking funds should be small.
New York, New York--(Newsfile Corp. - June 30, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Microsoft Corporation (NASDAQ: MSFT) between May 1, 2025 and January 28, 2026, inclusive (the "Class Period"), of the important August 11, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Microsoft common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Microsoft class action, go to https://rosenlegal.com/cases/microsoft-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 11, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Microsoft's Copilot family of products had experienced significant brand positioning, user experience, usage, data siloing, computational capacity, organizational, and interoperability problems; (2) Microsoft's flagship proprietary AI model ranked well below competitors on a number of benchmark tests; (3) Microsoft needed to increase by billions of dollars its capital expenditures and divert graphics processing unit ("GPU") and central processing unit ("CPU") capacity away from fulfilling demand for its profitable Azure services in order to improve the competitive positioning of its critical Copilot family of products and increase its AI-related research and development ("R&D"); and (4) as a result, Microsoft had failed to convert a significant percentage of its commercial Microsoft 365 users to paid Copilot subscriptions and Microsoft's Copilot offerings had lost market share to rival products, a trend that was increasing. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Microsoft class action, go to https://rosenlegal.com/cases/microsoft-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303555
Source: The Rosen Law Firm PA
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SummaryNike exemplifies a strong franchise whose stock has sharply declined post-pandemic, now trading about 75% below its peak.Despite beating Q3 earnings, NKE shares fell 9%, highlighting extremely negative investor sentiment.The persistent downtrend suggests that even positive financial results are insufficient to reverse market pessimism.Current valuation and sentiment may present risks or opportunities, depending on future catalysts and investor outlook.Looking for a helping hand in the market? Members of iREIT®+HOYA Capital get exclusive ideas and guidance to navigate any climate. Learn More »Sitewide Sale 2026: Get 20% OffGetty Images
Introduction An example of a great franchise that can make you lose money is NIKE (NKE). After its pandemic peak, the stock has been confronted with gravity and has been trending down ever since, so it now trades roughly
7.85K Followers
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Q4: 2026-06-30 Earnings SummaryEPS of $0.20 beats by $0.07
|
Revenue of
$10.97B
(-1.13% Y/Y)
beats by $122.60M
NIKE, Inc. (NKE) Q4 2026 Earnings Call June 30, 2026 5:00 PM EDT
Company Participants
Paul Trussell - VP & Treasurer
Elliott Hill - CEO, President & Director
Matthew Friend - Executive VP & CFO
Conference Call Participants
Adrienne Yih-Tennant - Barclays Bank PLC, Research Division
Robert Drbul - BTIG, LLC, Research Division
Matthew Boss - JPMorgan Chase & Co, Research Division
Lorraine Maikis - BofA Securities, Research Division
Michael Binetti - Evercore ISI Institutional Equities, Research Division
Aneesha Sherman - Bernstein Institutional Services LLC, Research Division
Irwin Boruchow - Wells Fargo Securities, LLC, Research Division
Presentation
Operator
Good afternoon, everyone, and welcome to NIKE, Inc.'s Fourth Quarter Fiscal 2026 Conference Call. For those who want to reference today's press release, you'll find it at investors.nike.com. Leading today's call is Paul Trussell, VP of Corporate Finance and Treasurer. I'd now like to turn the call over to Paul Trussell.
Paul Trussell
VP & Treasurer
Thank you, operator. Hello, everyone, and thank you for joining us today to discuss NIKE, Inc.'s Fourth Quarter Fiscal 2026 results. Joining us on today's call will be NIKE, Inc. President and CEO, Elliott Hill; and EVP and CFO, Matt Friend.
Before we begin, let me remind you that participants on this call will make forward-looking statements based on current expectations and those statements are subject to certain risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are detailed in NIKE's reports filed with the SEC. In addition, participants may discuss non-GAAP financial measures and nonpublic financial and statistical information. Please refer to NIKE's earnings press release or NIKE's website, investors.nike.com for comparable GAAP measures and quantitative reconciliations.
All growth comparisons on the call today are presented on a year-over-year basis and are currency neutral unless otherwise noted. We will start with prepared remarks and then open
Nvidia (NVDA +2.66%) has been the hottest stock on Wall Street in recent memory. Over the past five years, the company has delivered incredible returns. But how incredible, exactly? Read on to find out how much a $1,000 investment in Nvidia would be worth today.
Image source: The Motley Fool.
The party may not be over Nvidia has posted a compound annual growth rate (CAGR) of 59.49% since 2021, as of this writing. That means if you had started with $1,000 five years ago, you'd now have $10,319.71. For comparison, the S&P 500's CAGR over the same period was 13.06%, so it would have turned an initial $1,000 investment into $1,847.33.
NVDA Total Return Level data by YCharts
That's a massive difference. Of course, investors are more interested in what will happen next than in what has happened in the past. Can Nvidia still deliver above-average returns? Several data points suggest so, despite the stock declining in recent weeks. Here's one thing to consider: Nvidia remains the undisputed leader in the GPU (Graphics Processing Unit) market as hyperscalers spend massive sums on artificial intelligence (AI) infrastructure, and they may continue doing so for the foreseeable future.
Today's Change
(
2.66
%) $
5.19
Current Price
$
200.16
Meanwhile, Nvidia's shares are surprisingly cheap relative to the company's growth potential, perhaps because some investors think the AI tailwind will fade pretty soon. The tech leader is trading at 22.2x forward earnings, compared with an average of 22.4x for information technology stocks. A company of Nvidia's stature, which leads its industry, boasts a wide moat due to switching costs and is still tapping into a fast-growing market, in my view, deserves a healthy premium. Anything less suggests the stock is trading at a steep discount. That's why investors should rush to buy Nvidia's shares. It may not perform as well through 2031 as it has over the past five years, but it could still deliver solid returns.
Buying activity has become one of the most closely watched indicators during crypto presales. While social media excitement often comes and goes, sustained increases in on-chain volume usually suggest growing investor participation and stronger market conviction.
That is exactly what many traders are observing with MemeToro ($MT). Recent on-chain data shows buying volume for the project has climbed by roughly 40% on BNB Chain, making it one of the more actively discussed AI-focused presales in June 2026.
Rather than being driven by speculation alone, the increase appears closely tied to the platform’s expanding ecosystem and growing interest in artificial intelligence across Web3.
Why Buying Volume Matters During a Presale Volume tells investors more than price alone.
A project can experience temporary price movements because of market volatility, but consistent buying activity often reflects broader confidence from participants entering the ecosystem over time.
During presales, this becomes even more important.
Since tokens are not yet freely trading on public exchanges, stronger buying volume generally indicates that investors are becoming increasingly comfortable with the project’s long-term vision instead of focusing only on short-term speculation.
For emerging ecosystems, growing participation can also improve community engagement before launch.
That trend is helping explain why MemeToro has remained on the radar of many BNB Chain investors.
What’s Driving the Recent Buying Activity? Several factors appear to be supporting the recent increase in demand.
Artificial intelligence continues to dominate conversations across the crypto industry, with investors increasingly favoring projects that combine automation with practical blockchain utility. MemeToro ($MT) places AI at the center of its ecosystem instead of treating it as an additional feature.
The platform also brings together multiple products under one token economy.
Rather than offering a standalone memecoin, MemeToro combines AI-powered token creation, decentralized prediction markets, SocialFi participation, behavioral finance, and staking into one integrated platform.
This broader ecosystem has helped differentiate it from many traditional meme-focused projects currently seeking investor attention.
The AI Agent Is the Core of the Ecosystem The MemeToro AI Agent powers much of the platform’s activity.
It continuously monitors social conversations, market narratives, online trends, and cultural developments to identify opportunities as they emerge across the crypto market. Those insights support an automated no-code memecoin creation engine that allows users to launch blockchain assets without programming knowledge.
The platform is designed to reduce barriers to participation.
Instead of requiring technical expertise, users can interact with AI-powered tools while remaining part of a community-driven ecosystem.
This combination of accessibility and automation has become one of the project’s strongest differentiators.
Prediction Markets and Staking Add More Utility MemeToro ($MT) extends beyond AI-generated memecoins.
Users can participate in decentralized prediction markets covering cryptocurrency, sports, entertainment, politics, and global events using both $MT and BNB. As prediction markets continue expanding across Web3, this feature adds another layer of ongoing platform engagement.
The ecosystem also includes staking opportunities offering rewards of up to 35% APR.
Together, prediction markets and staking encourage continued participation after token acquisition, giving users multiple ways to remain active inside the platform.
Every major feature operates through the native $MT token.
Stage 3 Continues Attracting New Participants The project has now progressed into Stage 3 of its public presale.
The current round has already raised $27,284.54 toward its $80,644.11 target. The current token price stands at $0.00171 per $MT, with pricing scheduled to increase again as the presale advances into the following stage.
The tokenomics continue emphasizing community ownership.
The total supply is fixed at 1.2 billion $MT, with 71% allocated directly to presale participants and no vesting restrictions attached. Investors can currently participate using BNB, ETH, USDT, USDC, or a bank card through the official MemeToro presale portal.
Final Verdict A 40% increase in buying volume suggests that MemeToro is attracting growing attention during a period when many crypto investors remain cautious. While volume alone cannot predict future performance, it often reflects increasing confidence as more participants enter an ecosystem.
For MemeToro, that activity appears to be supported by more than short-term market enthusiasm.
The combination of AI-powered memecoin creation, decentralized prediction markets, SocialFi participation, staking rewards, and continued Stage 3 fundraising has helped position the project among the more closely watched AI-focused presales on BNB Chain as 2026 progresses.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
TL;DRFrom 1 July 2026, the BNB Beacon Chain Token Recovery Tool will move to Phase 3 and become a self-service process.Users can recover eligible BEP2 and BEP8 tokens to BNB Smart Chain using the Token Recover Self-Service Tool that runs locally on their computer.You will need Node.js 24+, a Beacon Chain-compatible wallet, a receiving BSC wallet, and a small amount of BNB for gas.As part of the BNB Beacon Chain Token Recovery Tool Sunset Plan, Phase 3 will begin on 1 July 2026. This means that the current BNB Chain's hosted token recovery tool will be discontinued.
Users who still need to recover BEP2 or BEP8 tokens from the BNB Beacon Chain to BNB Chain (BSC) must now use the Token Recover Self-Service Tool which runs locally on your computer, allowing you to complete the recovery without relying on a third-party custodial service.
This guide covers everything you need to complete the recovery successfully.
What You Need Before StartingBefore starting, prepare the following:
Node.js version 24.0.0 or later installed on your computer.A package manager: npm, yarn, pnpm, or bun.Your BNB Beacon Chain address (starts with "bnb1..."). This is the address holding the tokens you want to recover.A Beacon Chain-compatible browser wallet with access to that addressA BNB Smart Chain (BSC) wallet address to receive the recovered tokensA small amount of BNB in that BSC wallet to pay for gasWhen you have these, you can begin installing and running the tool locally.
Install and Run the Tool LocallyStep 1: Clone the repositoryOpen your terminal and run:
git clone https://github.com/bnb-chain/token-recover-self-service-tools.git cd token-recover-self-service-tools
Step 2: Install dependenciesnpm install
Step 3: Configure the API endpoint (Optional)By default, the tool points to BNB Chain Mainnet. If you want to test on Testnet first, copy the example environment file and edit it:
The BSC explorer links in the UI will automatically switch to testnet.bscscan.com when this is set.
Step 4: Start the applicationnpm run dev
Step 5: Open in your browserOpen http://localhost:3000
You will see a four-step guided recovery flow. Follow the steps exactly.
How to Recover your AssetsStep 1: Get Recoverable TokensEnter your BNB Beacon Chain address (the "bnb1..." address) in the input field and click to fetch.
The tool will display a list of all tokens eligible for recovery on that address. Identify the token you want to recover and note its symbol.
Note: If no tokens appear, the address may have no recoverable balance or may already have been processed.
Step 2: Generate and Sign Message in your Beacon Chain WalletEnter:
Token Symbol: The token symbol shown in Step 1Amount: The amount you want to recover (e.g. 0.00001000). The tool automatically converts this to the correct onchain base units internally.To BSC Address: The BSC address that will receive the tokens. The receiving BSC address must belong to a wallet you control. You will need to use the same wallet in Step 4.Network: Beacon Chain Mainnet (or Testnet if testing)Click Generate Sign Message, followed by Sign with Wallet.
Approve the signing request in your wallet. The tool receives back two values:
signature: A long hex string starting with 0xpublicKey: Your Beacon Chain public keySecurity note: Only sign this message in a browser where you trust all installed extensions. Do not sign on shared computers or when multiple wallet extensions are active simultaneously. The tool does not broadcast anything at this stage and no transaction occurs here.
Note: If the signature returned by your wallet does not start with "0x", add the "0x" prefix manually before proceeding.
Step 3: Request ApprovalWith the signature and public key from Step 2 in hand, click Get Approval.
The approval server will validate the signed request and return:
proofs: a list of Merkle proof hashesapproval_signature: the server's countersignature authorising the recoveryThese values are automatically populated in the tool. You do not need to copy or store them manually, they carry through to Step 4 automatically.
Note: If approval fails, check that the token symbol and BSC address exactly match the information signed in Step 2.
Step 4: Build the Recover Payload and Submit on BSC WalletThis is the final step. Click Build Recover Payload.
The tool assembles a complete payload containing:
The token symbol (encoded as bytes32)The amount (encoded as a hex integer in base units)Your Beacon Chain owner signature and public keyThe server's approval signatureThe full Merkle proof arrayImportant: The tool generates this payload locally only. No transaction is broadcast automatically.
You must now call the recover function on the BNB Chain recovery contract yourself using your BSC wallet (the same address you specified as "To BSC Address" in Step 2).
Connect your BSC wallet to BSC MainnetOpen the recovery contract on BscScanSelect Write Contract and connect your walletCall the recover function using the generated payloadSet the gas limit to at least 1,000,000Confirm the transactionOnce confirmed onchain, the recovered tokens will be sent to your BSC wallet.
Note: Both the owner signature and the approval signature must start with "0x". If either is missing the prefix, add it before submitting.
Note that two separate wallets are required. The BSC address entered in Step 2 must match the wallet used in Step 4.
Step
Wallet Used
Purpose
Gas Required?
Step 2
Beacon Chain wallet
Sign the recovery message
No
Step 4
BNB Smart Chain wallet
Broadcast the on-chain recovery transaction
Yes. BNB required
Testnet Practice RunTo test the recovery flow before using Mainnet:
Set NEXT_PUBLIC_APPROVAL_API=https://testnet-token-recover-api.bnbchain.org in your .env.local file.Restart the dev server (npm run dev).Use your Beacon Chain Testnet address and a BSC Testnet wallet.The UI will automatically link to testnet.bscscan.com for transaction verification.
Troubleshooting No tokens shown in Step 1
Verify you have entered the correct Beacon Chain address. Ensure the address format begins with "bnb1". The address is case-sensitive.
Wallet does not respond in Step 2
Ensure your Beacon Chain-compatible wallet extension is active and unlocked in the same browser. Disable or remove other wallet extensions that may conflict.
Approval fails in Step 3
Check that the token symbol matches exactly (including hyphen and number suffix). Check that your BSC address is a valid 0x-prefixed EVM address.
Transaction reverts in Step 4
Confirm your gas limit is set to 1,000,000 or higher. Ensure your BSC wallet has sufficient BNB for gas. Confirm both signatures are 0x-prefixed.
Signature missing 0x prefix
Some wallet implementations omit the 0x prefix. Prepend "0x" to the signature string before using it in Step 3 or Step 4.
Security RemindersOnly use the official GitHub repository.Do not use third-party mirrors or modified versions of the tool.Never share your private key or seed phrase.Use a trusted computer and browser.Report vulnerabilities through the repository’s Security Policy, not through a public GitHub issue.Quick Reference Item
According to official news, RaveDAO has announced its integration with Bitget Wallet, further expanding payment and utility scenarios for its ecosystem token, $RAVE. Following the integration, $RAVE holders can hold and manage their tokens in Bitget Wallet and use $RAVE through Bitget Wallet’s multi-token payment infrastructure. The first phase supports $RAVE on BNB Smart Chain.
Bitget Wallet’s payment features cover both Wallet Card and QR code payment scenarios, including tap-to-pay through Apple Pay and Google Pay, as well as QR code payments at supported merchants. For RaveDAO’s in-person event ecosystem, this integration is expected to support more on-site spending scenarios, including merchandise, food and drinks, and other eligible offline payment use cases.
Going forward, RaveDAO will continue to expand the utility of $RAVE around event tickets, rewards, access rights, VIP experiences, and community incentives.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Crypto platforms lost roughly $75.87 million to 40 hacks in June 2026, according to security firm PeckShield.
The monthly total reinforces a familiar pattern for the sector, where bridges, smart contracts, and compromised keys remain the most common failure points.
Humanity Protocol Exploit Tops June Crypto HacksAccording to PeckShield, June’s figure marks a 7.13% decline from May’s $81.7 million. The Humanity Protocol breach headlined June with over $30 million in losses. Attackers compromised private keys that had been backed up to a malware-infected developer machine.
According to Quantstamp, the attacker relied on tooling and techniques commonly associated with North Korean hacking groups.
The exploiter has since laundered proceeds across multiple networks, including Bitcoin (BTC), Solana (SOL), Hyperliquid (HYPE), and BNB Chain.
These funds have also been commingled with proceeds linked to the KelpDAO exploiter, suggesting a potential overlap between the threat actors behind both incidents,” the security firm said.
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Biggest Crypto Hacks in June 2026. Source: BeInCrypto/PeckShieldSyscoin Bridge followed with a $10 million loss after an attacker minted unauthorized SYS tokens. The JaredFromSubway.eth Maximal Extractable Value (MEV) bot lost $7.5 million, while Secret Network was drained for $4.67 million.
Aztec Products Hit Despite Years of DormancyTwo separate attacks targeted Aztec-linked products within the month. Aztec Payments Product lost $2.16 million, and Aztec Connect lost $2.1 million, for a combined total near $4 million.
Both products had been deprecated years earlier, and Aztec Labs said it held no control over the affected systems.
We are investigating a potential exploit affecting a deprecated Aztec payments product from 2021. ~$2m was transferred from the immutable smart contract in transaction:https://t.co/FS4JoNnfiJ
The deprecated product is an immutable stage 2 rollup that was sunset in 2022.…
— Aztec Labs (@AztecLabs_) June 18, 2026 Other June incidents included Polymarket users losing $3 million after reportedly being targeted in a phishing campaign, along with $2.4 million in losses for SecondFi and TESSERA. The Taiko Bridge exploit closed out the top 10 at $1.7 million.
With both deprecated code and cross-chain laundering in play, June showed that old contracts remain in attackers’ crosshairs long after teams walk away.
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Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
After failing to maintain the recovery rally that peaked close to the 200-day moving average, Bitcoin is still under a lot of pressure. The longer-term bearish structure was validated by the $82,000 rejection, which also set off another wave of selling that drove Bitcoin back toward $58,000.
The situation is still weak technically. Bitcoin is currently trading below the 50, 100, and 200-day moving averages, all of which are still declining. This alignment usually indicates that sellers are in control over a number of time periods. While RSI is close to oversold territory and has not produced a strong bullish divergence, volume has not shown any indications of significant accumulation.
The most important level to keep an eye on is the most recent low of $57,000 to $58,000. A more severe decline would be possible if it were lost. For the time being, any upward movement appears to be more of a relief bounce than the beginning of a long-term trend reversal.
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Stellar is avoiding a bear trendXLM is still one of the few large-cap tokens that is holding close to its moving averages in spite of the overall weakness of the market. The token recently saw a huge surge that drove it above the 200-day moving average and generated a significant amount of trading activity.
The price is currently testing the cluster of the 50, 100, and 200-day moving averages around the $0.18–$0.19 zone after sharply retracing from local highs near $0.30. Bulls and bears now use this region as a crucial battlefield. The fact that XLM's longer-term structure has not entirely collapsed is a plus. In contrast to Bitcoin, Stellar still has an opportunity to reach a higher low if buyers hold onto the present support levels.
XLM/USDT Chart by TradingViewThere is less speculative excess in the market as a result of the RSI cooling from overbought conditions. If XLM is able to hold above $0.18, it may be able to stabilize and try to push higher again. However, a breakdown below that range would probably invalidate a large portion of the recent breakout and return the asset to a wider downtrend.
The asset broke out of a descending triangle pattern after consolidating above important support levels for several months. It is currently trading close to $1.03, which is dangerously close to the psychological $1 mark. The breakdown in and of itself is significant. XRP consistently printed lower highs while defending the $1.30 support zone throughout March, April, and May.
Sellers eventually outnumbered buyers, which caused a sharp decline below support. The move accelerated the downward momentum and validated the bearish structure.
XRP remains alertedXRP is still in a precarious position technically. The price is moving below the downward-sloping 50-, 100-, and 200-day moving averages.
This alignment typically indicates a long-term downward trend as opposed to a brief correction. Buyers have not regained control, as evidenced by the rejection of each recovery attempt over the past few weeks near moving-average resistance. Currently, $1.00 is the most crucial level. In addition to being a significant psychological barrier, it is also one of the final significant support areas before XRP moves into a region where past purchasing activity becomes significantly less frequent.
XRP/USDT Chart by TradingViewAnother wave of liquidations and panic selling would probably result from a breakdown below $1, particularly among traders who have been anticipating a recovery from current levels. Although RSI is getting close to oversold territory, a convincing reversal signal has not yet been generated.
This does not necessarily mean that a bottom has formed, even though it implies that downside momentum may be slowing. The road ahead is simple but challenging for bulls. To refute the current bearish trend, XRP must eventually return above the broken $1.30 support area and at least recover the 50-day moving average around $1.13.
Until then, rallies are probably not going to be seen as the beginning of a recovery, but rather as opportunities for sellers. The medium-term course of XRP may be decided in the next few days. A relief bounce is possible if $1 holds. If it does not hold, the market might experience another painful decline.
Hyperliquid makes hasteDespite the recent correction, Hyperliquid is still one of the market's best-performing assets. In contrast to the majority of cryptocurrencies, HYPE is still firmly above its major moving averages and maintains a more expansive bullish structure. HYPE entered a phase of increased volatility after rising from below $30 earlier this year to highs above $75. The asset went through a number of significant corrections, but buyers kept intervening before the trend could fully collapse.
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After yet another rejection from local highs, HYPE is currently trading close to $65. The pullback may seem alarming, but the chart remains positive. The 100-day and 200-day averages are still much lower, indicating the strength of the underlying trend, while the 50-day moving average at $64 continues to serve as immediate support. Several tests have already been conducted on the rising trendline that sustained the advance throughout the spring.
During times of volatility, the price briefly fell below it, but buyers soon regained control, averting a more significant structural breakdown. There is a significant decrease in momentum. After being in overbought conditions for weeks, the RSI has declined toward neutral territory. Since it eliminates excessive speculation without ruining the uptrend, this reset is actually beneficial to the market.
The 50-day moving average is the crucial level to monitor. Another attempt to reach the $70-$75 range is still possible if HYPE can stay above it. The likelihood of a deeper retracement toward the 100-day moving average around $53 would rise in the event of a break below that level. HYPE is one of the few significant assets that is currently exhibiting a bullish market structure. The current correction does not appear to be the start of a full trend reversal, but rather consolidation following an explosive rally.
The broader cryptocurrency market remains heavy, with Bitcoin (BTC) trading below $59,000 at press time on Wednesday, as US President Donald Trump weighs an all-out war with Iran but opts for diplomatic talks. Meanwhile, Stellar (XLM) and Pyth Network (PYTH) emerge as bullish outliers over the last 24 hours.
Crypto investors stick to the sidelinesThe broader crypto market sustains a risk-off sentiment as Bitcoin remains below $60,000 amid emerging hints of a renewed US-Iran war. CoinMarketCap’s Fear and Greed Index hovers near 17, maintaining its Extreme Fear signal.
Fear and Greed Index. Source: CoinMarketCapUS President Donald Trump held multiple meetings with Defense Secretary Pete Hegseth and Chairman of the Joint Chiefs of Staff Gen. Dan Caine about a return to all-out war with Iran, as previously reported by FXStreet. However, Trump has decided to stick with the diplomatic route for now, keeping the 60-day ceasefire over the Strait of Hormuz intact.
Bitcoin vulnerable to deeper lossesBitcoin hovers above the June 25 low of $58,115, maintaining a bearish bias with roughly a 3% decline the previous day. Momentum stays fragile, with the Moving Average Convergence Divergence (MACD) and signal line moving flat, while the Relative Strength Index (RSI) at 31 hovers just above oversold territory, suggesting that any rebound would initially be corrective within a broader bearish context.
A decisive close below $58,115 could extend Bitcoin's decline toward the July 5, 2024 support level of $53,485.
BTC/USDT daily price chart.On the topside, immediate resistance appears at the $60,000 horizontal level, followed by the 50-day Exponential Moving Average (EMA) at about $66,343, which reinforces the broader cap on recovery attempts.
Stellar and Pyth Network regain strengthStellar edges higher by 6% at press time on Wednesday, extending its 8% gains from the previous day. XLM crosses above the 50- and 200-day EMAs at $0.1897 and $0.1974, respectively, keeping the near-term bias mildly bullish.
The RSI near 54 suggests constructive but not overextended momentum, while an uptick in the MACD line indicates a possible bullish crossover with the signal line, hinting that upside traction is improving but not yet impulsive.
A decisive close above the 200-day EMA at $0.1974 could extend the XLM rally toward the $0.2500 round figure, which capped gains on June 18.
XLM/USDT daily price chart.Looking down, immediate support is seen at the $0.1974 area defined by the 200-day EMA, followed by the $0.1897 region where the 50-day EMA converges as a deeper demand zone.
Pyth Network shows a steadier recovery with the third consecutive day of gains testing the 50-day EMA at $0.03854. At the time of writing, PYTH extends gains above the 23.6% Fibonacci retracement level at $0.03529, measured over the downswing from $0.06310 to $0.02950.
The MACD and signal line rise again as positive histograms expand, while the RSI at 54 suggests mildly improving momentum.
On the topside, immediate resistance appears at the 50-day EMA near $0.0385, with the 50% retracement of the latest swing at $0.04314 acting as the next barrier.
PYTH/USDT daily price chart.On the downside, initial support aligns with the 23.6% Fibonacci retracement at $0.03529, while a deeper slide would expose the swing-low anchor at $0.02950 as the next significant demand area.
(The technical analysis of this story was written with the help of an AI tool.)
New York, New York--(Newsfile Corp. - June 30, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of First Solar, Inc. (NASDAQ: FSLR) between February 26, 2025 and February 24, 2026, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 24, 2026.
SO WHAT: If you purchased First Solar during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the First Solar class action, go to https://rosenlegal.com/cases/first-solar-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 24, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) defendants had overstated First Solar's capacity to manage the impact of U.S. tariff policy on First Solar's business; (2) defendants understated the extent to which its responses to U.S. tariff policy, including the intentional underutilization of production facilities in Malaysia and Vietnam, and attempted relocation of production to the U.S., were likely to negatively impact First Solar's projected performance in the 2026 fiscal year; and (3) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the First Solar class action, go to https://rosenlegal.com/cases/first-solar-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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Packs of clothing are pictured at a garment factory for Shein in Guangzhou, Guangdong province, China April 1, 2025. REUTERS/Casey Hall Purchase Licensing Rights, opens new tab
SummaryCompaniesParcels incur €3 for each separate customs code in a shipmentEU recorded 5.8 billion sub-€150 ecommerce shipments in 2025Platforms such as Shein increase EU warehouse space, may look elsewhere for growthBRUSSELS/LONDON, July 1 (Reuters) - Europe on Wednesday took a first step towards curbing what it calls unfair competition from online retailers such as Shein, Temu and AliExpress by imposing a €3 fee on low-value e-commerce imports from China that previously entered the bloc duty-free.
The move is another setback for platforms that used customs exemptions to sell goods at ultra-low prices, fuelling rapid growth and prompting complaints from retailers and policymakers. The U.S., their biggest market, ended its "de minimis" exemption for imports from China in May and for all imports at the end of August.
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The fees, which take effect on Wednesday, will be charged for each customs classification in a shipment. A parcel containing three different types of item would incur a total charge of €9, while a parcel containing multiple dresses or multiple toys would be charged €3.
Duty exemptions on low-value imports have been in place for decades, with the current threshold of €150 introduced in 2008. But the number of e-commerce parcels entering the European Union under the exemption has surged, reaching 5.8 billion in 2025 from 1.4 billion in 2022.
"In a different trading world this made a lot of sense, but that world doesn't exist anymore. It's been turned on its head by e-commerce, especially from China,” EU lawmaker Dirk Gotink, who leads the customs reform topic in the European Parliament, said in an interview.
"The exemption was abused and misused on an industrial scale to create a competitive advantage at the expense of EU businesses."
E-COMMERCE AIR CARGO VOLUMES SET TO DROPDerek Lossing, an e-commerce and air cargo consultant who runs Cirrus Global Advisors, said he expects air shipments of e-commerce goods into the EU to fall by 10% to 35% in the weeks after the fees take effect, with likely repercussions for global air cargo volumes.
"The question is how effective the platforms are in pivoting to other markets," said Lossing. "When the U.S. ended de minimis, Europe was a really good alternative that platforms could shift to – but now there's not a really clear alternative to Europe."
Lossing said platforms may pressure suppliers to absorb some of the additional costs to limit price increases for consumers and protect profitability.
Shein has been preparing for the change by expanding warehouse space in Wroclaw, Poland, and shipping more products to the EU in bulk.
Neither Shein nor Temu responded to requests for comment.
CONSUMER PRICES LIKELY TO RISE AS PLATFORMS PASS DUTIES ONThe €3 charge is a temporary measure that is due to be replaced by category-specific duties from July 1, 2028, when the new EU Customs Authority is scheduled to begin operations.
The fees are likely to increase consumer prices as platforms pass on at least some of the additional costs.
AliExpress, owned by Chinese e-commerce giant Alibaba, said in a statement that product listings would carry a "Price includes duties and VAT" label where applicable. For other items, customers would be shown a breakdown of import charges before completing a purchase.
Amazon, which launched its Amazon Haul ultra-cheap service after Temu and Shein's rapid growth, said 97% of its EU shipments last year were fulfilled from warehouses within the bloc. For products shipped from outside the EU, customers would also be shown import charges before checking out, it said.
Reporting by Helen Reid in London and Philip Blenkinsop in Brussels. Additional reporting by Bart Maijer in Brussels. Editing by Mark Potter
Our Standards: The Thomson Reuters Trust Principles., opens new tab
London-based reporter covering the European retail sector through a global lens. Focusing on companies including Adidas, H&M, Ikea, and Inditex and analysing corporate strategy, consumer trends, and regulatory changes, Helen also covers major supermarket groups like Ahold Delhaize, Carrefour, and Casino. She has a special interest in sustainability and how investors push for change in companies. Previously based in Johannesburg where she covered the mining industry.
Chainlink's $LINK is fast approaching a symbolic milestone on Ethereum. According to fresh on-chain data from Santiment, the number of non-empty LINK wallets on Ethereum has climbed to 895,161, with thousands of new addresses added in a matter of days. The 900,000 holder mark is now within reach.
That figure covers Ethereum alone. BNB Chain holds an additional 190,000-plus $LINK wallets, with further balances spread across other networks, underscoring how broadly the token's ownership base has grown across the multi-chain landscape.
A divergence worth watching The unusual aspect of this growth is its timing. Santiment noted that the holder expansion is occurring while LINK trades near recent local lows, creating a visible divergence between network participation and price performance. When wallet counts rise sharply without a corresponding move in price, analysts often read it as quiet accumulation ahead of a broader re-rating.
Bulls point to the pattern as evidence that informed capital is positioning early. Skeptics, however, will want to see price confirm the thesis. Not every wallet represents a unique user, and on-chain growth can reflect exchange deposit addresses or accounts splitting holdings rather than pure organic demand.
Institutional backdrop adds context The wallet surge is not happening in isolation. Santiment linked the recent growth to a series of institutional developments, including Project Pangea, the DTCC's collateral infrastructure work, the expansion of tokenized real-world assets, and around-the-clock equity data delivery systems. Chainlink's Cross-Chain Interoperability Protocol (CCIP) has also recently surpassed Wormhole in transfer volume across more than 70 blockchain networks, adding a tangible usage milestone to the narrative.
Separate reports indicate Chainlink bought back $15 million in $LINK over the past 90 days with no token unlocks during the same period, while its reserve holds 4.5 million LINK following $49.5 million in cumulative inflows. These supply-side dynamics, combined with rising holder counts, are reinforcing the accumulation case for those watching the fundamentals closely.
Whether the price follows the wallets into July remains the open question. The on-chain data makes the setup hard to ignore.
The project, supported by Visa, Mastercard and many crypto companies, could be in a position to challenge Tether’s USDT and Circle’s USDC, currently the two largest stablecoins by market capitalization.
More than 140 companies have signed onto a US dollar-pegged stablecoin project that allows them to “receive all of the earnings” from its reserves.
In a Tuesday notice, Open Standard said it was launching the Open USD (OUSD) stablecoin, a US dollar-pegged coin supported by financial companies including Visa and Mastercard, as well as crypto companies Coinbase, Ripple, OKX and Bybit. The project will allow businesses to mint OUSD “at no cost and with no artificial limits on volume,” and keep earnings from the coin’s reserves.
“When Visa, Stripe, Mastercard, Coinbase and Google coordinate on a new stablecoin, the signal is unmistakable,” said Rhino.fi co-founder and CEO Will Harborne. “Open USD is the first launch with a real chance to win share from USDT and USDC, because reserve revenue flows back to everyone who holds it. But that same incentive is what drives fragmentation at scale.”
Source: Open Standard
Because it’s backed by so many high profile companies, the coin could be in a position to challenge Tether’s USDT and Circle’s USDC, currently the two largest stablecoins by market capitalization. The share price of Circle Internet Group dropped by more than 16% on Tuesday to $63.63.
According to Open Standard, OUSD will launch “later this year.” The current size of the stablecoin market, according to DefiLlama, is more than $312 billion and projected to reach up to $4 trillion by 2030.
In a Tuesday X post following the announcement, Circle CEO Jeremy Allaire said that the company welcomed “continued innovation and competition in the space,” adding that it would soon expand support for US dollar-pegged and non-US dollar stablecoins.
“[We] look forward to remaining laser-focused on building the best stablecoin infrastructure possible and driving more customer and partner success,” said Allaire.
Stablecoin launch comes under US law favorable to the industryUS President Donald Trump signed a bill to establish a regulatory framework for payment stablecoins, called the GENIUS Act, into law last year. Many experts expect that the legislation, awaiting federal authorities finalizing regulations for implementation, could pave the way for the stablecoin market to grow as companies potentially begin issuing and accepting digital assets more easily.
Magazine: Does ‘Paper Bitcoin’ mean there’s an unlimited supply of BTC?
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
TLDROpen USD Aims to Challenge USDC DominanceCircle Stock Reacts to Shifting Revenue DynamicsRegulation and Institutional Backing Reshape CompetitionGet 3 Free Stock Ebooks Circle stock dropped more than 16% after Open USD was announced. Open USD is backed by major firms including Visa, Mastercard, and BlackRock. The project introduces a revenue-sharing model that differs from USDC. Circle and Coinbase currently earn income from USDC reserve assets. Open USD allows users to mint and redeem tokens without fees. Circle stock declined sharply after a new stablecoin initiative raised competitive pressure on USDC. The market reacted quickly as Open USD entered the sector with strong institutional backing. Consequently, Circle stock faced selling pressure while Coinbase shares also moved lower.
Open USD Aims to Challenge USDC Dominance Circle stock dropped more than 16% as investors reacted to the Open USD announcement. The new stablecoin project introduced a competing model with broad industry support. As a result, Circle stock reflected concerns about possible market share erosion.
Open Standard leads the Open USD initiative alongside major financial and technology companies. The coalition includes Visa, Mastercard, Stripe, BlackRock, and Bank of New York Mellon. It also includes Coinbase, Google, IBM, and several global banks and crypto firms.
However, Circle, Tether, and PayPal did not join the consortium behind Open USD. This absence highlighted a direct competitive line between existing issuers and the new network. Therefore, Circle stock faced additional pressure as markets assessed this divide.
Open Standard confirmed Open USD will launch later this year with over 140 participating businesses. The project allows users to mint and redeem tokens without fees. Moreover, the model distributes most reserve income to network participants instead of retaining it.
Circle Stock Reacts to Shifting Revenue Dynamics Circle stock declined as investors evaluated changes to stablecoin revenue structures. Open USD introduces a shared income model that differs from traditional issuer-controlled profits. Consequently, Circle stock reflected concerns about future earnings stability.
USDC currently holds about $73.6 billion in circulation and remains a major stablecoin. Circle and Coinbase share revenue generated from USDC reserve assets. Therefore, Circle stock links closely to stablecoin performance and associated income streams.
Coinbase relies heavily on USDC-related revenue within its subscription and services segment. This segment accounted for 44% of total first-quarter revenue. As a result, Circle stock movements aligned with broader concerns affecting Coinbase.
Circle Chief Executive Jeremy Allaire addressed market concerns following the announcement. He stated, “USDC remains the most trusted, widely adopted stablecoin globally.” He also added that the company welcomes competition in the sector.
Regulation and Institutional Backing Reshape Competition Circle stock also reflected broader changes in the regulatory landscape supporting new entrants. Lawmakers continue advancing stablecoin legislation to define reserve and licensing requirements. Therefore, Circle stock faced pressure from both competition and policy developments.
The CLARITY Act is progressing toward a Senate vote while the GENIUS Act sets federal standards. These rules favor large institutions with strong compliance systems. Consequently, Circle stock reacted as markets priced in new competitive advantages.
Government officials also supported the Open USD initiative as regulation becomes clearer. Patrick Witt said the launch shows how clear rules unlock value in digital assets. He added that upcoming legislation will expand opportunities across the crypto sector.
USDC and USDT currently dominate about 80% of the global stablecoin market. However, Open USD represents a major coordinated effort to challenge this dominance. As a result, Circle stock continues to reflect shifting expectations across the stablecoin ecosystem.
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This is a general announcement. Products and services referred to here may not be available in your region. Terms and conditions apply. Fellow Binancians, As Binance Stocks and bStocks continue to reshape how the world interacts with financial markets, we're inviting our community to become educators. Join our latest challenge on the Binance Angels X account. Help others understand the difference between Real Shares and Tokenized Stocks through your own words, your own style, and your own language. The best explainers earn rewards. Multilingual submissions are welcomed. Activity Period: 2026-06-26 06:00 (UTC) to 2026-07-03 23:59 (UTC) How to Participate: During the Activity Period, complete all the following steps and create a post on X with all the details to be eligible: Follow and tag the Binance X account and the Binance Angels X account.Make a short video explaining the difference between Stocks and Tokenized Stocks.Complete and submit this survey. 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Binance Team 2026-07-01 Trade on-the-go with Binance’s crypto trading app (iOS/Android) Find us on TelegramWhatsAppXFacebookInstagramDiscord Risk Warning: bStocks tokenized securities are classified as Certificates representing certain Financial Instruments (paragraph 92, Schedule 1 to FSMR). bStocks are not stocks or shares and bStocks do not allow holders to directly own a share or stock in the underlying listed company. bStocks do not represent any affiliation with the underlying asset's issuer. bStocks are offered through an Approved Prospectus in the ADGM and are not offered in any other jurisdiction. No public offer is made outside of the ADGM. Tokenized securities are available only to eligible users in permitted jurisdictions on a secondary market basis only. It is your sole responsibility to ensure that accessing and trading Tokenized Securities is lawful in your jurisdiction before proceeding. 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