Bitcoin slipped below the $60,000 area and continued defending the broader $59,000 to $60,000 support band. Bitcoin and Ethereum were both on track to finish Q2 in the red, creating pressure around quarterly market structure. Risk note: Do not call the move a confirmed bear market or use panic language around the support zone. For more details, visit the official Tradingview platform.
Bitcoin’s quarterly structure is weakening, but the immediate test is still the $59,000 to $60,000 zone Bitcoin Defends $59K Support as Q2 Closes With Rare Back-to-Back Loss is a timely crypto-market story because it gives readers a clear signal to watch without leaning on hype or unsupported price targets.
The important point is not just the headline number or technical level. It is the way that signal fits into the wider market: liquidity is thinner, Bitcoin direction is fragile, and traders are paying closer attention to flows, wallet activity, derivatives positioning, and official ecosystem updates.
What the verified setup shows Bitcoin slipped below the $60,000 area and continued defending the broader $59,000 to $60,000 support band. Bitcoin and Ethereum were both on track to finish Q2 in the red, creating pressure around quarterly market structure.
Back-to-back quarterly weakness in the first half of the year is uncommon enough to make the close worth watching.
That makes this a useful setup for readers who want to understand what is actually changing beneath the surface. It also helps separate measurable market data from the more speculative narratives that often appear during volatile weekends.
Why this matters for the market For Bitcoin quarterly loss, the signal matters because it offers a specific lens for the current market rather than a vague bullish or bearish call. In a weak or uncertain tape, traders tend to focus on the data points that can be checked directly: flows, wallet routes, support zones, funding, moving averages, official technical updates, or security disclosures.
This is especially important in the current environment. Bitcoin has been trading near important support, altcoins remain sensitive to broader risk appetite, and institutional or on-chain activity can quickly become part of the market narrative.
What traders should avoid assuming Do not call the move a confirmed bear market or use panic language around the support zone.
That caution matters because many of these signals can be misread. ETF outflows do not automatically mean permanent institutional retreat. Wallet transfers do not automatically mean selling. Technical support does not guarantee a bounce. Developer updates do not immediately translate into price action.
What to verify next The next validation path is: TradingView price charts plus Coinbase and Binance historical market data. This is the key step before treating the setup as anything more than a developing market or ecosystem signal.
Weekend rates can move sharply, so spot and quarterly figures should be checked live before upload.
This report is based on publicly available market data.
This article was written by the News Desk and edited by Samuel Rae.
Bitcoin’s most polarizing governance battle of 2026 is heading toward a quiet defeat. BIP-110, the proposal designed to restrict non-financial data on Bitcoin’s blockchain, has mustered roughly 0.31% of total hashrate support as of late June, with major mining pools conspicuously absent from the signaling effort.
The mandatory signaling phase is projected to begin around block height 961,632, somewhere between August 7 and August 15. The proposal needs 55% of miners to signal support for an early lock-in. It currently has 0.31%.
What BIP-110 actually tries to do In technical terms, the proposal caps transaction output data at 34 bytes and restricts OP_RETURN usage to 83 bytes. It would make it significantly harder to embed images, tokens, and other non-monetary content directly on Bitcoin’s base layer.
The proposal was originally introduced as BIP-444 back in October 2025 before being formally reassigned. Its author, Dathon Ohm, designed it as a temporary measure, a one-year consensus soft fork that would essentially give Bitcoin a trial period of tighter restrictions on data usage.
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Proponents argue that protocols like Ordinals and Runes have driven up transaction fees and placed unnecessary strain on node operators.
The numbers tell a bleak story Node support for BIP-110 sat at 2-3% in early 2026. That translated to roughly 583 out of approximately 24,481 nodes in January, with much of that support attributed to Bitcoin Knots software rather than deliberate ideological alignment.
Miner support is even thinner. The 0.31% hashrate figure translates to about 5 EH/s out of a total network hashrate of approximately 940 EH/s.
The first block signaling support for BIP-110 was mined by Ocean pool back in March 2026. Since then, no major mining pool has followed suit. Ocean, run by Bitcoin Core developer Luke Dashjr, has long been an outlier in the mining world, known for filtering certain transaction types that larger pools process without hesitation.
Why the big pools aren’t biting Critics of the proposal have been vocal. Blockstream CEO Adam Back and well-known Bitcoin developer Jameson Lopp have both raised concerns about the risks involved. Their objections center on several points: the potential for a chain split if enforcement is inconsistent, reputational damage to Bitcoin from a contentious fork attempt, and the fundamental enforcement problem that only nodes running the new rules would actually uphold the restrictions.
Even if BIP-110 somehow activated, its restrictions would only apply to nodes that chose to enforce them. Miners and nodes that didn’t upgrade would continue processing the transactions BIP-110 seeks to block.
What this means for investors The near-certain failure of BIP-110 carries implications beyond the technical debate. For market participants, the immediate takeaway is that Ordinals, Runes, and similar protocols aren’t going anywhere. The economic incentives for miners to process these transactions remain intact, and the political will to restrict them doesn’t exist at the hashrate level where it matters.
Bitcoin’s upgrade mechanism requires overwhelming consensus. BIP-110’s failure to gain traction shows that even proposals with passionate grassroots support can stall completely if they don’t align with miner economics.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Galaxy Digital CEO Mike Novogratz has linked Bitcoin’s latest price drop to growing concern around Strategy, the company formerly known as MicroStrategy.
Summary
Novogratz says Strategy stress has become a core reason behind Bitcoin’s latest confidence shock. Weak crypto demand and strong-dollar policy comments added macro pressure as traders watched support levels. Related Strategy reports show STRC pressure, dividend costs, and cash reserves remain market concerns. Speaking on an All Things Markets episode, Novogratz said the sell-off reflects a mix of Strategy pressure, weak crypto sentiment, and macro stress.
Strategy pressure takes center stage Novogratz said the current Bitcoin weakness is tied to what he called a “MicroStrategy-led breakdown in confidence.” He said the problem is not only Bitcoin’s price, but also investor concern around Strategy’s funding model.
Mike Novogratz (@novogratz) is sounding the alarm this week. If the ultra-wealthy don't figure out a way to share the gains from AI, the pitchforks are coming, and history tells us exactly what that looks like. We're breaking down the widening wealth gap, Alan Greenspan's lasting… pic.twitter.com/egwAeghtUn
— Anthony Scaramucci (@Scaramucci) June 27, 2026 Strategy remains the largest public corporate holder of Bitcoin. Its stock and preferred securities have become a key part of how traders judge risk across the wider Bitcoin market.
The comments follow weeks of debate over Strategy’s capital structure. As previously reported, the company’s Bitcoin flywheel has come under pressure as its stock traded below the value of its Bitcoin holdings.
That shift matters because Strategy used its stock premium for years to raise capital and buy more Bitcoin. When that premium weakens, raising fresh capital becomes harder and market confidence can fade.
STRC weakness adds to market concern Novogratz also pointed to poor trading in Strategy’s preferred products. He said “the Saylor thing is real” and noted that the company’s perpetuals were trading weakly.
The pressure centers on STRC, Strategy’s preferred stock product. STRC was designed to trade close to $100, but market stress has pushed it below that level at several points.
As previously reported, CryptoQuant said Strategy’s annual dividend obligations had risen to about $1.2 billion. The firm also said dividend coverage had dropped to about 14 months as cash reserves declined.
That warning added to earlier concerns after Strategy sold 32 BTC in late May. The sale raised about $2.5 million and marked the company’s first reported Bitcoin sale since December 2022.
Macro pressure weighs on Bitcoin Novogratz also cited macro policy as another reason for Bitcoin’s weak price action. He pointed to hawkish central bank signals and stronger support for the U.S. dollar.
He said “strong dollar is weak Bitcoin.” His view is that a stronger dollar can reduce demand for risk assets, including Bitcoin, during periods of market stress.
That view fits with the wider market mood. Bitcoin has also faced pressure from ETF outflows, weaker liquidity, and cautious options positioning.
Aspreviously reported, ETF flows and Strategy concerns have weighed on trader sentiment. Bearish exposure near the $60,000 area also showed that traders were preparing for more downside risk.
Bitcoin faces key support test Novogratz said the $59,000 to $60,000 zone is now important for Bitcoin. He warned that if this level fails, the market could open a path toward $45,000.
He also said the next move remains hard to call. In his words, the chance of a deeper drop or recovery is “50/50” because the setup is complicated.
The comments show how closely traders now watch Strategy as part of the Bitcoin market. The company’s balance sheet, STRC performance, and cash position have become market signals.
For now, Bitcoin’s next test sits near the same level Novogratz named. A hold above the $59,000 to $60,000 area could calm traders, while a break below it may bring more selling pressure.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
M continues to drop hard, while VELVET has entered the top 100 alts after a 30%+ surge today.
Bitcoin’s price has remained relatively stable at around $60,000 over the weekend despite the new attacks in the Middle East and the broken ceasefire.
Most altcoins have marked minor losses on a 24-hour scale, while ZEC has dropped the most from the larger caps. AAVE has also slipped below $90 after a massive correction today.
BTC Stagnant Around $60K The primary cryptocurrency has a strong start to the business week by surging to $65,500 after it had recovered the $64,000 support over the weekend. However, that was short-lived, and the next several days were extremely painful. At first, the bears drove it south to under $62,400, before the next two leg downs brought multi-year lows.
The cryptocurrency plummeted on Wednesday to $59,000 as the FUD around Strategy kept increasing. After a dead-cat bounce to $62,000 on Thursday, BTC experienced another massive decline. This time, it plunged to $58,000, its lowest price since late 2024.
The bulls were finally able to reemerge at this point and didn’t allow another breakdown. Instead, BTC rebounded by a couple of grand and has remained at around $60,000 for most of the past 36 hours.
This calmness now is rather surprising, given what happened in the Middle East. The US and Iran started exchanging blows and blaming each other for breaking the ceasefire.
Bitcoin’s market capitalization stands above $1.2 trillion on CG, while its dominance over the alts has neared 56% once again.
BTCUSD June 28. Source: TradingView ZEC, M Drop Although the chart below will show that most altcoins are in the red today, their declines are rather negligible compared to what transpired during the week. Ethereum continues to stand inches below $1,600, XRP is at $1.05, SOL is above $70, and HYPE is at $63. BNB has dropped slightly more, while DOGE is down by over 2.3%.
ZEC has dumped the most from the larger-cap alts today, struggling at $385. AAVE has lost much of the traction from yesterday as it’s back below $90 now. M continues to dig new lows, as another 13% decline has pushed it to $0.68. In contrast, VELVET has risen by 30% and has entered the top 100 alts by market cap. PUMP follows suit with a 15% surge.
The total crypto market cap has lost around $20 billion daily and is below $2.160 trillion on CG.
Cryptocurrency Market Overview June 28. Source: QuantifyCrypto
Michael Saylor Again Posts Bitcoin Tracker Info, May Disclose Increased Holdings Data Next Week
PANews June 28 news — Michael Saylor, founder and executive chairman of Bitcoin treasury company Strategy, once again posted Bitcoin Tracker-related information. Based on past patterns, Strategy always discloses additional Bitcoin purchases the day after such information is released.
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a16z co-founder: Zhipu GLM-5.2 is the first Chinese AI system to comprehensively benchmark against top US models
Michael Saylor, founder of MicroStrategy, has once again shared updates on Bitcoin Tracker, remarking, “We are gonna need more charts.” Per historical trends, MicroStrategy typically announces increases to its Bitcoin holdings the day after such statements.
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Marc Andreessen: Zhipu AI’s GLM-5.2 Rivals Top U.S. Open Models, Large Language Model Capabilities Gradually Move Toward a Multipolar Competitive Landscape
According to monitoring by Beating, a16z co-founder Marc Andreessen noted that many AI practitioners and industry insiders consider Zhipu GLM-5.2 to be the first Chinese AI model that can match or even outperform open models from leading U.S. labs on most tasks, while also being balanced across multiple capability dimensions. This development carries "extremely critical timing significance" amid accelerating global AI competition, as large model capabilities are gradually shifting from being dominated by a small number of U.S. labs to a multipolar competitive landscape. Click the original link below to join Beating’s Feishu AI News Channel, which provides 24/7 uninterrupted monitoring of global AI hotspots and news.
12 minutes ago
Bank of America: Three key thresholds for US stocks to trigger a "full risk-off" this summer, with signals for these conditions already building up.
BofA Securities chief strategist Michael Hartnett outlined three thresholds for a "full risk-off" trigger this summer in his latest Fund Flow Report: the Mag7 ETF falling below $60, USD/JPY dropping below 110, and the yield curve inverting again. None of these conditions have been met yet, but related signals are building. U.S. stock funds posted a net outflow of $8.5 billion, the first such outflow since March, following a historic $119.2 billion net inflow. The divergence where hyperscale cloud providers continue to underperform chip stocks has pushed the sustainability of AI capital spending to the core of market debate: Apple’s MacBook price hikes and Microsoft’s Xbox price increases are both directly tied to rising memory costs. Rack memory prices at Vera Rubin have surged by 435% cumulatively, and Goldman Sachs forecasts AI capital spending could reach as high as $1.4 trillion by 2027. Hartnett’s core ongoing question is: How much further do cloud providers need to fall before the market starts pricing in capital spending cuts? U.S. equity funds have shifted ahead of the curve, with liquidity flowing out of tech giants and into cyclical assets including semiconductors, small-caps, housing, and REITs — a move the market interprets as a front-run bet on a policy shift toward "affordability". For asset classes, Hartnett believes gold remains highly valuable for allocation below $4,000, and going long on long-dated U.S. Treasuries is currently the most contrarian long-term trade. The U.S. dollar is only suitable for short-term holding rather than long-term allocation, while going long on emerging markets over the long term is his strategic stance. Since Fed Chair Waller took office on May 22, U.S. Treasuries have risen by 3.2% cumulatively, while stocks have fallen by 1.6%, with bonds outperforming significantly.
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Bank of America: There are three key thresholds for US stocks to trigger a full-scale risk-off move this summer; none of the conditions have been triggered yet, but relevant signals are accumulating.
Bank of America Securities chief strategist Hartnett outlined three triggers for a "full risk-off" environment this summer in his latest Fund Flow Report: Mag7 ETF falling below $60, USD/JPY dropping below 110, and the yield curve inverting again. None of these conditions have been met yet, but signals are building. U.S. equity funds have posted a net outflow of $8.5 billion, the first such outflow since March, following a historic $119.2 billion net inflow. The divergence where hyperscale cloud providers continue to underperform chip stocks has put the sustainability of AI capital expenditure at the center of market debate: Apple’s MacBook price hikes and Microsoft’s Xbox price increases are both directly tied to rising memory costs. Vera Rubin rack memory prices have surged 435% cumulatively, and Goldman Sachs projects AI capital expenditure could reach as high as $1.4 trillion by 2027. Hartnett’s core ongoing question is: How much further do cloud providers need to fall before the market begins pricing in capital expenditure cuts? U.S. equity funds have already shifted ahead of time; liquidity flowing out of tech giants is pouring into cyclical assets like semiconductors, small-caps, housing, and REITs, a move the market interprets as a front-run bet on policy shifting toward "affordability." At the asset class level, Hartnett believes gold still holds strong allocation value below $4,000, and going long on long-dated U.S. Treasuries is the most contrarian long-term trade right now. The U.S. dollar is only suitable for short-term holding rather than long-term allocation, and his strategic view is to go long on emerging markets over the long term. Since Fed Chair Waller took office on May 22, U.S. Treasuries have risen 3.2% cumulatively, while stocks have fallen 1.6%, with bonds significantly outperforming.
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Samsung Electro-Mechanics plans to sign a 500 billion won large order for AI server MLCCs, and will partner with Sumitomo Chemical to develop glass substrate business.
Samsung Electro-Mechanics is in final negotiations with a major U.S. tech firm over a supply contract for MLCCs (multi-layer ceramic capacitors) for AI servers. Worth around 500 billion won, the deal equals 10% of its component division’s annual revenue last year, making it an extremely large-scale order. Industry sources speculate the client is a leading player with significant clout in the data center sector. Each AI server requires 15,000 to 25,000 MLCCs—over 10 times the number used in a smartphone—with a unit price more than triple that of smartphone-grade MLCCs, earning the component the nickname "golden rice of the AI industry". Samsung Electro-Mechanics currently holds the No.2 position in the global MLCC market with a 20%+ share. The contract is expected to significantly boost its standing in the AI server MLCC market. Industry observers note the deal essentially secures quality validation from a global "big buyer", which will prompt other major tech firms to follow suit. Turning to its glass substrate business, Samsung Electro-Mechanics will formally sign a joint venture agreement with Japan’s Sumitomo Chemical this week. The two firms will invest a combined 500 billion won to set up a glass substrate JV, with Samsung holding a majority stake and contributing around 300 billion won. The JV will be based at the Pyeongtaek plant of Sumitomo Chemical’s South Korean subsidiary Dongwoo Fine-Chem, with production scheduled to launch in early next year. Glass substrates, which offer superior heat resistance to traditional plastic substrates and can accommodate more HBM (high-bandwidth memory) and GPUs, are hailed as "rule changers" for AI semiconductor packaging. Samsung Electro-Mechanics aims to lock in a high-quality supply chain in advance for mass production, while Sumitomo Chemical is using this partnership to enter the next-generation packaging materials market.
12 minutes ago
Crypto KOL Ansem has continued pumping his eponymous meme coin, with ANSEM’s market cap briefly surging past $78 million.
According to GMGN data, Solana ecosystem meme coin ANSEM briefly hit a market cap of over $78 million before pulling back to $74 million. It has seen a 356x price surge in 24 hours, with 24-hour trading volume reaching $49.4 million. Today, crypto KOL Ansem announced on social media that, due to Pump.fun’s refusal to distribute airdrops, he is issuing a “stimmy” (stimulus fund) to “the trenches” — a term referring to on-chain meme coin traders. As of press time, Ansem has been posting buy calls continuously to stoke community sentiment. BlockBeats reminds users: Most meme coins lack real-world use cases and are highly volatile; please protect your assets and avoid FOMO.
12 minutes ago
Serenity: Automotive and robotics supply chains are converging, positioning Germany’s Schaeffler – a key player in core components – for a pricing revaluation.
Serenity has released an analysis on whether automotive and robotics supply chains are converging, taking Germany’s Schaeffler (market cap ~€7.47 billion) as a key case study. Schaeffler has partnered with 45 humanoid robot firms, with its product portfolio covering core components including bearings, gearboxes, sensors/ECUs, actuators, and power electronics. The company estimates its products make up roughly 50% of a humanoid robot’s bill of materials, and targets 10% of the segment’s market share. However, Schaeffler’s 2030 robotics revenue forecast is only in the hundreds of millions of euros—far lower than Elon Musk’s optimistic outlook for the market. Serenity dubs this a typical "sandbagging forecast," a deliberate understatement. Serenity also highlighted other notable targets, such as Nabtesco (focused on joint reducers) and Sanhua Intelligent Controls, which supplies components for Tesla’s Optimus robot. On the investment front, Serenity argues these traditional auto parts firms are currently undervalued due to drag from their core automotive businesses, while humanoid robots and AI-powered vehicles will serve as key growth vectors. The chairman of TSMC recently also cited AI vehicles as a growth vector. But a critical prerequisite is the emergence of killer apps and leading downstream players—similar to ChatGPT or Anthropic—to truly drive the entire upstream supply chain ecosystem. Currently, robotics business accounts for only ~1% of these firms’ total revenue, so the market remains focused on immediate bottlenecks like memory chips and MLCCs in the short term. Serenity predicts that as humanoid robots evolve along different architectural routes, future "unexpected supply chain bottleneck surprises"—akin to HBM or MLCC—will emerge, bringing pricing power and revaluation opportunities for early-positioned companies. In terms of timing, post-2027 is likely to act as a clear catalyst.
Nearly 50,000 BTC were reported as moving to exchange addresses at a loss by short-term holders. The movement points to capitulation-style behavior among newer holders under price pressure. Risk note: Do not say this guarantees a market bottom or immediate trend reversal. For more details, visit the official Cryptoquant platform.
Short-term holder stress is becoming visible in on-chain exchange-flow data Capitulation Signals: 50,000 BTC Deposited to Exchanges at a Loss is a timely crypto-market story because it gives readers a clear signal to watch without leaning on hype or unsupported price targets.
The important point is not just the headline number or technical level. It is the way that signal fits into the wider market: liquidity is thinner, Bitcoin direction is fragile, and traders are paying closer attention to flows, wallet activity, derivatives positioning, and official ecosystem updates.
What the verified setup shows Nearly 50,000 BTC were reported as moving to exchange addresses at a loss by short-term holders. The movement points to capitulation-style behavior among newer holders under price pressure.
Large exchange inflows require careful interpretation because internal exchange wallet movement can sometimes distort signals.
That makes this a useful setup for readers who want to understand what is actually changing beneath the surface. It also helps separate measurable market data from the more speculative narratives that often appear during volatile weekends.
Why this matters for the market For Bitcoin capitulation, the signal matters because it offers a specific lens for the current market rather than a vague bullish or bearish call. In a weak or uncertain tape, traders tend to focus on the data points that can be checked directly: flows, wallet routes, support zones, funding, moving averages, official technical updates, or security disclosures.
This is especially important in the current environment. Bitcoin has been trading near important support, altcoins remain sensitive to broader risk appetite, and institutional or on-chain activity can quickly become part of the market narrative.
What traders should avoid assuming Do not say this guarantees a market bottom or immediate trend reversal.
That caution matters because many of these signals can be misread. ETF outflows do not automatically mean permanent institutional retreat. Wallet transfers do not automatically mean selling. Technical support does not guarantee a bounce. Developer updates do not immediately translate into price action.
What to verify next The next validation path is: CryptoQuant Exchange Inflow SOPR and Glassnode realized profit/loss metrics. This is the key step before treating the setup as anything more than a developing market or ecosystem signal.
Exchange wallet labeling and internal shuffling can distort the interpretation of holder-to-exchange flows.
This report is based on publicly available on-chain and market data.
This article was written by the News Desk and edited by Samuel Rae.
Michael Saylor is doing the thing again. The Strategy executive chairman posted on X on June 28, sharing the company’s Bitcoin acquisition tracker alongside a single line: “We’re gonna need more charts.”
If you’ve been paying attention, you know what that means. It’s the same playbook Saylor has run all month, with similar teaser posts on June 7 and June 21 preceding formal disclosures of additional Bitcoin purchases.
Strategy, formerly known as MicroStrategy, has built its entire corporate identity around one bet: Bitcoin goes up over the long run, and anyone who buys enough of it will be rewarded. The company is the largest public corporate holder of Bitcoin on the planet, having accumulated thousands of coins across multiple acquisition cycles funded primarily through equity and preferred stock offerings.
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What makes this latest tease notable is the context surrounding it. At one point in June 2026, Strategy’s Bitcoin holdings were reportedly $11.7 billion underwater. Saylor has previously stated that the company is “not going to be selling” even in adverse scenarios, and has gone further by saying Strategy will continue buying Bitcoin “forever.”
How Strategy keeps buying The company doesn’t just dip into a corporate checking account when it wants more coins. It raises fresh capital through equity offerings and preferred stock sales, then deploys that capital into Bitcoin.
Recent transaction data illustrates the company’s approach. Small sales of 32 BTC were followed by substantially larger repurchases, a pattern that reinforces the idea that any selling is tactical and temporary, while the buying is structural and ongoing.
What this means for investors The $11.7 billion in unrealized losses is a number worth sitting with. Most companies that find themselves that deep underwater on an investment start talking about “strategic reviews” and “reassessing priorities.” Saylor is posting memes about needing more charts.
What to watch next is straightforward: the formal acquisition announcement that almost certainly follows this latest tease. If the pattern from June 7 and June 21 holds, a specific purchase disclosure should land within days.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin is trading near $60,000 after a volatile week that pushed the largest cryptocurrency to its lowest level since late 2024.
Summary
Bitcoin is holding near $60,000 despite Middle East tension and renewed pressure from Strategy concerns. Analysts say a break above $66,000 could revive momentum, while $58,000 remains key support. On-chain data shows weaker short-term holder dominance, a structure often seen near accumulation zones. The price has stayed calm through the weekend, even as new tension in the Middle East tested risk appetite across global markets.
BTC had opened the previous business week with strength, rising to about $65,500 after reclaiming support near $64,000. That move failed to hold. Sellers later pushed the asset below $62,400, then toward $59,000, before another drop sent Bitcoin near $58,000.
Bitcoin steadies after sharp weekly sell-off Bitcoin’s latest price action shows a market trying to hold a base after a fast decline. BTC now trades around the $60,000 area, with bulls defending the zone after repeated tests below that mark.
The weekend calm stands out because the U.S. and Iran exchanged fresh blame over the broken ceasefire. Earlier this month, Bitcoin had climbed above $65,500 after a U.S.-Iran deal eased oil and inflation fears across markets.
That relief rally did not last. Bitcoin soon lost strength as traders returned to concerns around liquidity, ETF flows, and Strategy-related risk.
The current setup leaves BTC stuck between two near-term levels. A move below $58,000 could invite more selling, while a clean recovery above $64,000 to $66,000 may show that buyers are regaining control.
Strategy fears remain a market pressure point One of the main pressure points remains Strategy, the company formerly known as MicroStrategy. Growing concern around its capital structure has affected Bitcoin sentiment because the firm remains the largest corporate holder of BTC.
As previously reported, Bitcoin fell below $60,000 for the second time in June as liquidations topped $850 million. Strategy shares also dropped sharply as traders watched the company’s stock, preferred shares, and Bitcoin treasury.
Another report said Strategy’s Bitcoin flywheel has started to work in reverse. The company once used a stock premium to raise capital and buy more BTC, but weaker market pricing now makes that model harder to sustain.
CryptoQuant has also urged Strategy to pause Bitcoin purchases and rebuild cash reserves. The firm said dividend coverage tied to STRC had fallen to about 14 months as cash reserves declined.
This pressure does not mean Strategy must sell Bitcoin now. Still, the market is watching whether further stress in STRC or MSTR could create more fear around BTC.
Analysts split on breakout or deeper chop Crypto analyst Market Watcher said Bitcoin’s weekly structure remains clear. The analyst pointed to a downtrend from the July and August highs near $70,000 and $67,000 and said a break of that line would make them more willing to deploy capital.
$BTC (1W)
break of downtrend (July ~70k, august ~67k): more actively looking to scale capital into positions while trading the breakout momentum
indecisive summer chop (~59k – ~66k): doing mostly nothing, day trading whats there
break of main trend (~ 58k): popcorn and TL on… pic.twitter.com/XB5uU0sICt
— Market Watcher (@watchingmarkets) June 28, 2026 The same analyst described the current zone as “indecisive summer chop” between about $59,000 and $66,000. That range matches the current market, where BTC has not broken down fully but has also failed to reclaim lost momentum.
Market Watcher said a break of the main trend near $58,000 would change the setup. The analyst also compared the current downtrend to the December 2022 and January 2023 breakout, which later started a major BTC uptrend.
EGRAG CRYPTO took a longer view and focused on Bitcoin’s 12-month cycle. The analyst said the usual rhythm has been three years up and one year down, but this cycle may be different if 2026 closes as a red yearly candle.
EGRAG said the four-year cycle remains intact for now, but added that structure matters more than hope. That view keeps attention on the yearly close and whether Bitcoin can regain a stronger long-term pattern.
#BTC – The 12M Cycle Is Flashing Something Different 👀
The historical $BTC rhythm has been clear:
🔸3 years UP → 1 year DOWN
🔸3 years UP → 1 year DOWN
🔸3 years UP → 1 year DOWN
But this cycle is different so far:
🔸2 years UP → and now potentially 2 years DOWN
🔸That is… pic.twitter.com/dczPLUMesG
— EGRAG CRYPTO (@egragcrypto) June 27, 2026 On-chain data points to possible reset CryptoQuant analyst Crazzyblockk said Bitcoin’s short-term holder realized dominance has fallen to 27.6%. The analyst said that places BTC inside a historical undervaluation zone where long-term holders control most realized capital.
In past cycles, market tops formed when short-term holders held most realized capital. That often showed heavy speculation and late-cycle buying.
Bitcoin’s short-term holder realized dominance, source: CryptoQuant analyst Crazzyblockk Bear markets have shown the opposite setup. Short-term holders realize losses, their share of realized capital falls, and long-term holders regain control.
The analyst said current data looks closer to past accumulation phases than cycle tops. However, they also warned that bottoms often form through a process, and another capitulation phase remains possible.
Another CryptoQuant analyst, Facundo Fama, pointed to long-term holder SOPR. The analyst said when LTH-SOPR moves near or below 1, long-term holders are selling coins at or near a loss.
The last time LTH-SOPR stayed below 1 on the monthly timeframe for more than three months was in October 2022, when BTC traded near $20,000. That data does not guarantee a bottom, but it shows that long-term holder stress has returned to a rare zone.
Bitcoin price outlook Bitcoin’s short-term outlook now depends on whether bulls can defend $58,000 and recover the $64,000 to $66,000 range. A close above that upper band could support a stronger recovery attempt.
A loss of $58,000 would weaken the current base and could expose lower areas as traders reduce risk. In that case, Bitcoin may revisit deeper support before building a new range.
For now, BTC is neither breaking down nor confirming a strong reversal. The market remains calm near $60,000, but that calm depends on support holding, Middle East risk staying contained, and Strategy-related fear easing.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
The price of XRP does not reflect its current or near-term utility. That is the central claim of Versan Aljarrah, founder of Black Swan Capitalist, who told Coinpedia in an exclusive interview that layered suppression mechanisms have engineered a persistent information gap between what XRP is worth and what the public market shows.
The Suppression Framework
Aljarrah’s argument begins with the 2020 SEC lawsuit against Ripple. In his view, that case did not simply create legal uncertainty. It handed exchanges regulatory cover to restrict or algorithmically deprioritise XRP.
What followed, he says, was years of fragmented liquidity, spoofing, wash trading on certain venues, and the deliberate use of regulatory ambiguity to keep large institutional flows off the visible tape.
“Price discovery for XRP has been deliberately distorted for years through layered suppression mechanisms,” Aljarrah said. “The 2020 SEC case gave exchanges regulatory cover to restrict or algorithmically deprioritize XRP. What followed was years of fragmented liquidity, spoofing, wash trading on certain venues, and the use of regulatory uncertainty as a tool to keep large flows off the visible tape,” he added.
The consequence, he argues, was a structural information asymmetry. Institutions could accumulate through over-the-counter and private channels while the public market saw mostly manipulated or low-conviction flow. The price visible on screens reflected that engineered environment rather than the underlying demand picture.
The Loading Phase Is Real
Aljarrah argued against the idea that XRP’s price weakness is proof nothing is happening. He acknowledged that the entire market is operating under deflationary pressure, tighter global liquidity, higher real yields, and capital rotating into cash and short-duration assets. XRP, he said, is not exempt from that macro reality.
But he said the current period is structurally different from prior consolidations. XRP has been compressing for multiple years on higher timeframes. Volatility is declining. Ranges are tightening. Volume on down moves is drying up while long-term holder supply continues to rise.
“The loading phase is real when price action aligns with on-chain and structural evidence rather than contradicting it,” he said. “Right now it largely does. This is a classic multi-year base where smart capital can accumulate without triggering obvious signals.”
What Breaks the Suppression
The expert was specific about what he believes will ultimately end the suppression framework. It is not another ETF approval or lawsuit resolution. The breaking point, in his view, is the moment verifiable, high-volume settlement activity begins routing through the XRP Ledger at a scale that cannot be hidden or fragmented by legacy infrastructure.
“Once real economic activity forces transparency, the suppression framework loses effectiveness,” he said. “The last domino is the point at which verifiable, high-volume settlement activity starts routing through the XRPL in a way that can no longer be hidden or fragmented by legacy infrastructure.”
Technical Picture and Risk
On the charts, Aljarrah described XRP as sitting in a multi-year consolidation structure on the weekly timeframe, coiling with progressively lower volatility. Structural support sits near previous cycle lows and the long-term moving average zone. Volume has dried up on declines while long-term holder accumulation continues, which he characterised as classic base-building rather than distribution.
He was careful to say that the current setup does not eliminate near-term downside risk. The market can stay range-bound or move lower for longer than most expect. Another leg down or an extended range remains a real possibility until a sustained breakout with expanding volume above recent consolidation highs occurs.
“Current prices near these levels represent attractive long-term risk/reward for patient capital,” Aljarrah said. “But that does not rule out further downside in the near term if macro liquidity tightens more. At the time of writing, XRP is trading at $1.04 and has slipped into the red zone.
Story Ends Here
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Ripple President Monica Long is scheduled to speak at an upcoming event in Seoul, South Korea, and the community is anticipating her appearance.
According to a tweet from the XRP Seoul X account, the XRP Seoul 2026 event, hosted by XRP Ledger Korea, takes place on October 3 during KBW (Korea Blockchain Week), connecting XRP holders, builders, and ecosystem projects worldwide. Ripple President Monica Long is expected to participate in the event.
We're honored to welcome @MonicaLongSF, President of @Ripple.
Monica leads Ripple's Business, Product and Engineering teams, building Ripple into a one-stop shop to move, manage, hold and tokenize value. Since joining in 2013, she's played a pivotal role in driving the company… pic.twitter.com/TCbHhU8up4
— XRP Seoul 2026 🇰🇷 (@XRPSEOUL) June 28, 2026 Long leads Ripple's Business, Product and Engineering teams, building Ripple into a one-stop shop to move, manage, hold and tokenize value. Since joining, she has played a pivotal role in driving the company at the intersection of TradFi and DeFi. Given this standing, the Ripple president remains a respected authority on XRP, the future of payments and what comes next for the ecosystem.
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The participation by the Ripple President matters, given that Korea has long been one of XRP's most active speculative markets. While Bitcoin and Ethereum usually dominate global exchange activity, Korean traders have most often pushed XRP into the top volume rankings during periods of increased interest, often before volatility spikes.
At the moment, XRP is the second most traded asset by volume on Upbit Korea, South Korea's largest cryptocurrency exchange in terms of both trading volume and customer base.
XRP gains utilityXRP is gaining further utility as Korea's financial technology transitions to blockchain-based solutions. Local developers, startups, and finance-focused teams are using the XRP Ledger (XRPL) infrastructure to create solutions with practical use cases.
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In this light, the Korea Fintech Innovation Program (KFIP) 2026 has become Korea's largest XRPL-native accelerator program to date.
Out of 270 applicants, 12 finalist teams were selected to ship the next chapter of finance on XRPL. XRP Ledger Korea took to X to announce the winners of the KFIP 2026, consisting of five teams.
Here are the AI's precise numbers to watch in July.
It almost feels inevitable at this point. It was hard to imagine 11 months ago, even 6 weeks ago, but the current landscape appears mostly dominated by the bears, and the psychological $1.00 level has come into focus.
Remember how XRP stood at $3.65 last July? Even the subsequent rejections and corrections that managed to drive it below $3.00 and eventually $2.00 seemed bad enough, but a breakdown below $1.00 was almost out of the question. However, such a probability is highly anticipated now, with BTC seemingly losing the $60,000 support.
XRP dumped to $1.01 on Thursday when the entire market crashed. The question is, and we asked ChatGPT about it, how low can the token go if that coveted support breaks?
Might Not Stop Soon The popular AI solution warned that if $1.00 falls cleanly by the end of June or in July, it “may not stop at $0.99.” Instead, a decisively daily close below the round-numbered support will likely turn that level into resistance. If that’s the case, then the first downside target sits between $0.96 and $0.94. Although this could mark the “first wave of damage,” it won’t necessarily mean it’s the bottom.
The actual danger, though, comes if XRP loses $0.94. ChatGPT warned that the asset’s path to $0.90 will be wide open. If panic accelerates, the next precise downside zones are $0.87, $0.82, and $0.78, which align with some popular analysts’ views on the token’s potential bottom.
The worst-case scenario for XRP in July would be a crash to $0.65, ChatGPT said.
“That level matters because it sits far enough below obvious support to flush late buyers, liquidate leveraged longs, and reset sentiment completely. It would represent a 35% collapse from $1.00 and a nearly 40% drop from the current $1.05 area.”
On the Contrary OpenAI’s solution outlined a different scenario in which the XRP bulls defend the $1.00 support and the broader market’s environment improves, or at least doesn’t deteriorate further. Ripple’s token would need to reclaim the first major resistance levels at $1.08 and $1.10 before it can receive some breathing room, as such a rebound would invalidate the bearish thesis of a plunge below $1.00.
You may also like: Ripple (XRP) Boosts Global Blockchain Adoption With Over $70M in Donations XRP’s Slide to Sub-$1.00 Could Set Up ‘Risk-Reward’ Zone: Analyst XRP Selling Pressure Intensifies as Profit-to-Loss Ratio Reaches Multi-Year Low However, until XRP indeed goes beyond $1.10 and closes above it, every bounce will appear less like recovery and “more like another chance for sellers to reload” and push it south to under $1.00 territory.
Ripple President Monica Long is set to appear at XRP Seoul 2026, adding a major company voice to one of Asia’s key XRP-focused events.
Summary
Monica Long’s Seoul appearance comes as Korea remains one of XRP’s most active trading markets. XRP Seoul will connect holders, builders, and projects during Korea Blockchain Week on October 3. Ripple’s Korea ties now span custody, tokenized bonds, XRPL projects, and local developer programs. The event will take place on October 3 during Korea Blockchain Week. It will bring together XRP holders, XRP Ledger builders, ecosystem projects, and companies working on blockchain finance.
Monica Long joins XRP Seoul lineup The XRP Seoul account said it was “honored to welcome” Long to the event. The post described her as a leader across Ripple’s business, product, and engineering teams.
Long has worked at Ripple since 2013. The event page says she has helped build the company into a “one-stop shop to move, manage, hold and tokenize value.”
We're honored to welcome @MonicaLongSF, President of @Ripple.
Monica leads Ripple's Business, Product and Engineering teams, building Ripple into a one-stop shop to move, manage, hold and tokenize value. Since joining in 2013, she's played a pivotal role in driving the company… pic.twitter.com/TCbHhU8up4
— XRP Seoul 2026 🇰🇷 (@XRPSEOUL) June 28, 2026 Her role gives the event added weight for XRP supporters. Ripple remains closely linked to XRP through its holdings, payments work, stablecoin strategy, custody services, and use of XRP Ledger infrastructure.
The appearance also comes as Korea Blockchain Week lists Long among its 2026 speaker lineup. The main KBW conference runs from September 30 to October 1 in Seoul.
Korea remains a major XRP market South Korea has long been one of XRP’s most active retail markets. In a recent Korea and Japan trading review, XRP trading on Upbit and other Korean platforms stood out during several periods of strong market activity.
In May, XRP’s Korean won pair also led Upbit volumes after Hana Bank moved to buy a large stake in Dunamu, the operator of Upbit. As previously reported, XRP outpaced Bitcoin and Ethereum in 24-hour volume on the exchange at that time.
That trading pattern explains why Seoul is a key place for an XRP event. Korean traders often drive sharp moves in XRP volume during market cycles.
XRP Seoul 2026 says it will focus on XRP Ledger growth, institutional adoption, and real-world use cases. The official event site says it expects more than 3,000 attendees and over 100 companies.
XRPL activity expands in Korea Ripple’s work in Korea goes beyond token trading. In May, Ripple Custody signed a deal with Kyobo Life Insurance to pilot near real-time settlement of tokenized Korean government bonds.
As previously reported, the pilot uses Ripple Custody to hold, transfer, and settle tokenized bonds. The project also explores stablecoin payment rails through RLUSD.
Local XRPL groups are also supporting developer activity. XRPL Korea lists the Korea Financial Innovation Program 2026 as a three-month path for teams building blockchain-based finance products.
That effort gives XRP Seoul a builder angle, not only a market angle. The event will likely give projects a stage to show how they use XRPL for payments, tokenization, custody, and other financial products.
XRP utility remains under debate Long’s appearance comes as XRP holders continue to question how Ripple’s business growth connects to the token. Recent coverage has tracked Ripple’s moves toward banking, stablecoins, custody, and deeper ties with traditional finance.
A recent analysis of Ripple’s bank strategy said RLUSD may benefit first from a trust charter and Fed master account path. Another SWIFT strategy report noted that Ripple now appears more focused on working with bank messaging systems than replacing them.
That leaves XRP’s direct role under close review. Some holders want clearer proof that Ripple’s new deals create lasting demand for XRP, not only for Ripple products.
XRP Seoul gives Long a public stage to address that gap. Her comments may help show how Ripple sees XRP, RLUSD, custody, tokenized assets, and Korean market growth fitting into the same plan.
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While XRP price is breaking through local lows, the real and far more important story is unfolding directly inside the blockchain. Over the past two weeks, on-chain engagement in the XRP Ledger has jumped by 71.7%, according to Ali Martinez and Santiment, increasing the number of daily active addresses from a stagnant 23,000 to more than 39,500.
This sudden revival points to a deeper shift in XRP users' behavior that is happening separately from the current price action, where the coin remains trapped in a downtrend near the $1.04 mark and is testing a local support level.
Unexpected force behind XRP's 71% network surgeThe "Active Addresses" metric captures not just speculative trades, but the activity of unique wallets: users have started actively moving funds, interacting with smart contracts, or redistributing their positions inside the network.
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In practice, such concentrated spikes have historically signaled hidden portfolio rebalancing by whales or a phase of quiet accumulation, directly linking the technical health of the blockchain to its market prospects, since large players always move capital long before real commercial payment flows grow within the XRPL ecosystem.
Daily active addresses in XRP network, Source: SantimentAt the same time, the chart shows that XRP price is currently trading well below its moving averages, with EMAs at $1.12 and $1.24, pointing to a strong divergence between falling market value and rising fundamental indicators.
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In the cryptocurrency industry, on-chain activity often serves as a leading indicator, since market value usually follows network utility, while "sleeping" blockchains rarely manage to sustain upward trends.
The fact that the XRP Ledger has delivered such a powerful spike in on-chain metrics in just 14 days may catch traders off guard — the network has officially awakened, and now the only question is how quickly this inflow of liquidity can reverse the chart and push the price toward the nearest key resistance around $1.50.
Ripple settled a tokenized Treasury with JPMorgan in five seconds, expanded a stablecoin deal across Latin America, and powered remittances to 170 million people. The catch for XRP holders: the cash leg in deal after deal is RLUSD, Ripple’s dollar stablecoin, not XRP. Here is whether the token they hold is being quietly sidelined by the company built around it.
Summary
Ripple’s biggest recent wins, a five-second tokenized Treasury settlement with JPMorgan and Mastercard, a stablecoin expansion across Latin America, and a major remittance deal, increasingly use RLUSD, Ripple’s dollar stablecoin, as the cash leg rather than XRP. RLUSD crossed $1 billion in market value quickly and is becoming the settlement asset enterprises actually want, raising the question of whether it is taking the role XRP was built to play. The pattern reflects a real tension: Ripple the company keeps winning institutional deals, while XRP the token stays pinned near a dollar, beneath every major moving average. The bullish counterargument is that Ripple is the largest XRP holder with aligned incentives, that RLUSD and XRP serve different functions, and that ledger activity can still benefit XRP indirectly. For holders, the question is whether XRP’s value will accrue from network usage and catalysts like the CLARITY Act and ETF flows, or whether RLUSD will capture the settlement demand XRP was meant to capture. In June 2026, Ripple completed something that should have been a milestone for XRP. Working with JPMorgan, Mastercard, and the tokenization firm Ondo Finance, it settled the cross-border redemption of a tokenized U.S. Treasury fund across banks on the XRP Ledger, and the blockchain leg finalized in under five seconds, against the one to three business days the same transaction can take on traditional rails. It was a genuine showcase of what Ripple’s technology can do, the kind of institutional validation the XRP community has predicted for years.
NEW: JPMorgan, Mastercard, Ondo Finance and Ripple complete tokenized Treasury redemption test on XRP Ledger. Settlement took roughly 5 seconds compared to 3 to 5 business days on traditional rails pic.twitter.com/9Rkd3MkWF4
— crypto.news (@cryptodotnews) June 12, 2026 And yet there was a detail in it that has become the defining unease for XRP holders: the cash leg of that settlement used RLUSD, Ripple’s dollar-pegged stablecoin, not XRP. The same pattern has repeated across Ripple’s other recent wins. A partnership expanding stablecoin settlement across Latin America runs on a regulated peso-backed stablecoin issued on the XRP Ledger and integrated with Ripple’s infrastructure, while a major remittance deal reaching 170 million people uses RLUSD as the primary settlement asset. Deal after deal, Ripple keeps winning, and deal after deal, the asset doing the actual settling is increasingly a stablecoin, while XRP trades near a dollar and change as though none of it is happening.
This is the question that has moved to the center of the XRP story, and it is a fair and uncomfortable one: if every Ripple win runs on RLUSD rather than XRP, is the token being quietly sidelined by the very company built around it? The concern is not baseless, because it touches the oldest puzzle in the XRP thesis, the gap between Ripple’s corporate success and XRP’s token price, and gives it a specific, mechanical explanation. But it is also not the whole story, because there are real counterarguments about why RLUSD and XRP are not simply competitors, why Ripple’s incentives remain aligned with holders, and how ledger activity can still benefit the token.
This piece works through both sides honestly. It lays out the pattern of RLUSD showing up where holders expected XRP, explains what RLUSD is and why enterprises prefer it for settlement, examines whether the stablecoin is cannibalizing XRP’s intended role, presents the bullish case that the two assets are complementary, and arrives at a grounded view of what holders should actually take from it. The goal is neither to stoke the fear nor to dismiss it, but to give holders an accurate read on whether their token is being left behind.
The pattern: RLUSD where holders expected XRP Start with the pattern itself, because it is real and worth seeing clearly across the recent run of Ripple announcements. The flagship example is the tokenized Treasury settlement with JPMorgan, Mastercard, and Ondo Finance. For years, the XRP pitch held that cross-border institutional settlement was exactly what XRP was built for, the bridge asset that would let value move between currencies and institutions in seconds. When Ripple finally delivered a marquee demonstration of that capability, settling a tokenized Treasury redemption across borders and banks in under five seconds, the XRP Ledger provided the rails, but RLUSD provided the cash leg.
That detail matters because it changes what the event proved. It proved that the XRP Ledger can support serious institutional flows, with names that compliance departments recognize and a settlement speed legacy rails cannot match. But it did not prove that XRP the asset sits at the center of the payment, because the money leg moved through a stablecoin rather than the volatile token. As previously reported, Ripple’s tokenized Treasury settlement with JPMorgan showed that the ledger can win important business before the token captures meaningful demand.
The same shape recurs elsewhere. Ripple expanded a payments partnership in which a regulated peso-backed stablecoin is issued on the XRP Ledger and integrated into Ripple’s payment infrastructure to support enterprise stablecoin settlement across Latin America. Ripple also backed Flutterwave in a round that valued the African payments company at $3.2 billion, with RLUSD positioned for use across payment rails that reach a very large user base. In each case, the XRP Ledger and Ripple’s infrastructure become more relevant, but the settlement asset is a stablecoin.
Across these deals, the consistent feature is that the XRP Ledger, the blockchain Ripple built and that XRP is native to, is doing real and valuable work, but the asset moving through it as money is increasingly a stablecoin rather than XRP. This is what gives the holder concern its force: it is not a single anomalous deal but a repeated pattern in which Ripple’s institutional wins showcase the ledger and the company’s technology while routing the actual settlement value through RLUSD or another stablecoin. For holders who bought XRP on the thesis that institutional settlement demand would drive token demand, watching that settlement demand flow through a stablecoin instead is a legitimate cause for unease. The first honest step is simply to acknowledge that the pattern is real.
What RLUSD is and why enterprises prefer it To judge whether this pattern is a problem, you have to understand what RLUSD is and why enterprises keep choosing it, because the answer explains the dynamic without requiring any conspiracy against XRP. RLUSD is Ripple’s dollar-pegged stablecoin, a token designed to hold a steady value of $1, backed by reserves, and issued on the XRP Ledger and other chains. It crossed $1 billion in market value quickly after launch, a sign of real demand, and it has become the asset Ripple increasingly puts forward as the cash leg in its enterprise settlements.
The reason enterprises prefer a stablecoin for the money side of a transaction is straightforward and has nothing to do with any view about XRP. Businesses settling real-world value need price stability. When a company moves money across borders, it wants the amount it sends to equal the amount that arrives, with no exposure to price swings in between. XRP, like any freely traded cryptocurrency, fluctuates in price, which makes it difficult to use as the unit in which an enterprise wants to denominate and hold a settlement, even if it can still work as a bridge for moving value quickly.
A stablecoin solves this by holding a fixed dollar value, so the enterprise can settle in something that behaves like the dollars it already thinks in. This is why, across the industry and not just at Ripple, stablecoins have become the dominant on-chain settlement instrument: they combine the speed and programmability of crypto with the price stability that commerce requires. RLUSD is Ripple’s entry into that category, and its growing use in Ripple’s deals reflects the same market logic that has made stablecoins central everywhere. For readers who want the basics, how RLUSD holds its dollar peg is the starting point for understanding why enterprises gravitate toward it.
The same logic explains why exchange and liquidity integrations matter. When RLUSD is listed with XRP pairs and broader access, the stablecoin becomes easier to move, price, and route through the infrastructure Ripple wants enterprises to use. That helps Ripple’s payments stack, and it can deepen activity on the XRP Ledger, but it still does not mean every dollar of settlement creates direct XRP demand. The holder question is what remains for XRP once the stablecoin has taken the stable cash role.
Understanding this matters because it reframes the concern. RLUSD is not showing up in Ripple’s settlements simply because Ripple is trying to sideline XRP; it is showing up because enterprises asked for a stable settlement asset and Ripple built one to give them. That is a rational business decision for Ripple and a useful product decision for institutions. The harder question is whether that useful product decision narrows the value-accrual path that XRP holders were counting on.
Is RLUSD cannibalizing XRP’s role? This is the crux of the matter, and it deserves to be stated plainly: there is a real argument that RLUSD is taking the settlement role XRP was originally meant to play. The classic XRP thesis cast the token as the bridge asset for cross-border value transfer, the thing that would sit in the middle of international settlements, moving value between currencies in seconds and capturing demand as global payment volume flowed through it. Stablecoins complicate that thesis directly, because a dollar stablecoin can perform much of the cross-border settlement function that XRP was built for, moving value quickly and programmably while also offering the price stability XRP cannot. If enterprises can settle in RLUSD on the XRP Ledger, getting the speed of the ledger without the volatility of the token, then the specific demand driver that was supposed to accrue to XRP may instead accrue to the stablecoin.
This is the structural worry beneath the holder concern, and it is not easily waved away. The bull case for XRP has long depended on the idea that Ripple’s growing settlement business would translate into demand for the token, but if the settlement business increasingly runs on RLUSD, that translation weakens. Ripple’s institutional infrastructure could keep growing impressively, opening corridors and closing deals, while the value of that growth flows through stablecoins and fiat instead of driving XRP token demand. That would leave the familiar gap between corporate progress and token price not just intact but mechanically explained.
The token could end up as the rails, valuable to the system but not the asset that captures the economic value moving across it. This is the version of events that should genuinely concern holders, and it is why the RLUSD pattern is more than a cosmetic detail. It points to a possible future in which XRP’s network succeeds, Ripple thrives, RLUSD becomes a major settlement asset, and XRP the token still struggles to convert all of that activity into sustained demand because the demand has a stablecoin to flow into instead. That is also why the older question of XRP’s bridge-asset role needs to be revisited rather than repeated as if nothing has changed.
There is a broader parallel here with other infrastructure tokens. A network can be useful without its native token absorbing the full value of that usefulness, especially when users can interact with the network through stable assets, tokenized deposits, or application-level instruments. XRP holders have already seen this in miniature: the ledger gets institutional proof points, Ripple gets business wins, and XRP gets fees, reserves, or optional routing rather than obvious direct demand. Whether that is enough depends on scale, and that scale has not yet shown up in the price.
The bullish case: complementary, not competing The other side of this debate is serious and deserves a full hearing, because the framing of RLUSD versus XRP as a zero-sum contest may be too simple. The first counterargument is that RLUSD and XRP serve different functions and can coexist productively. A stablecoin is the cash leg, the stable unit in which value is denominated and held. XRP, in the bridge role, can still serve as the connective asset that moves value between different currencies and stablecoins, the neutral intermediary in a world where many different fiat-backed stablecoins exist and need to be exchanged.
In this view, a proliferation of stablecoins actually increases the need for a neutral bridge asset to move between them, and XRP could capture that role precisely because it is not tied to any single currency. RLUSD handles the dollar leg, MXNB handles the peso leg, and other stablecoins can handle other currencies or jurisdictions. XRP can then sit between those assets when liquidity is fragmented, routing value across the ledger’s exchange and payments infrastructure. That is a more modest thesis than “XRP becomes the cash leg of global settlement,” but it is not an irrelevant one.
The second counterargument concerns incentives. Ripple is the largest single holder of XRP, which means the company has a powerful, built-in economic reason to drive the token’s value and usage that does not depend on any promise. Every corridor Ripple opens, every institution it onboards, and every unit of activity it brings to the XRP Ledger can eventually matter to XRP if that activity creates fees, reserves, routing, liquidity depth, or bridge demand. From this angle, Ripple building a successful stablecoin is not a betrayal of XRP holders but an expansion of the ecosystem XRP sits inside.
Even RLUSD, issued on the XRP Ledger, can support XRP indirectly by increasing ledger activity and making the network more useful to institutions. That is the strongest version of the complementary thesis: stablecoins bring institutions onto the rail, and once they are there, XRP has more chances to serve as liquidity, routing, or bridge infrastructure. The weakness is timing and certainty. Indirect value can take years to show up, and investors do not price “maybe someday” the same way they price direct, measurable demand today.
The third point is that XRP’s strongest catalysts were never really about being the settlement cash leg in the first place. The most powerful drivers of XRP’s potential value, regulatory clarity from the CLARITY Act, compounding ETF inflows, and broad adoption of the ledger, operate largely independent of whether RLUSD or XRP is the cash leg in any given deal. On this reading, holders fixating only on the RLUSD-versus-XRP question are watching one important variable, but not the only variable. The better question is whether the total system being built around XRP Ledger becomes large enough that XRP’s indirect roles finally matter.
The value-accrual problem at the heart of it Step back and the RLUSD debate is really a specific instance of the deepest question in the entire XRP story, the one that has defined the token through 2026: how, exactly, does value accrue to XRP? A blockchain network can succeed enormously while the token native to it struggles if the activity on the network does not translate into sustained demand for the token. This is the puzzle XRP holders have lived with all year, watching Ripple rack up settlements, stablecoin launches, banking moves, and enterprise deals while the token stayed pinned near a dollar beneath every major moving average. The RLUSD pattern sharpens this puzzle by identifying a concrete reason the translation might be failing.
If the settlement value that was supposed to flow into XRP flows into RLUSD instead, then network success and token demand decouple in exactly the way the price action suggests. That is why the issue is bigger than one JPMorgan test or one Flutterwave deal. It is about whether XRP captures the economic value of the ledger it secures and powers, or whether it becomes a necessary but low-fee native asset beneath higher-value instruments. In previous coverage, this was the same basic dilemma behind the company-versus-token gap up close: Ripple can become more valuable without XRP necessarily moving in lockstep.
The honest framing is that XRP’s range-bound behavior is less a mystery than a predictable feature of how value accrues, or fails to accrue, to a token whose network can succeed without it. The waiting ends only when usage and token demand finally converge, and that convergence requires specific things to happen. Settlement volume needs to become large enough that fees, reserves, routing, and ecosystem use begin to matter against the enormous XRP supply locked in escrow. ETF flows also need to compound instead of trickle, while a regulatory catalyst like the CLARITY Act needs to cross the line to pull institutional money off the sidelines.
RLUSD’s rise is relevant because it bears on the first of those channels, the settlement-volume channel, by raising the possibility that volume accrues to the stablecoin instead of the token. But it is only one of several channels, and the others, ETF demand and regulatory clarity, could drive XRP regardless of what settles Ripple’s deals. That is why the catalyst that drives XRP regardless still matters to holders even if RLUSD keeps winning the cash-leg role. The realistic synthesis is that the RLUSD pattern is a genuine headwind to one specific version of the XRP value-accrual thesis, the bridge-asset-settlement version, while leaving the regulatory-unlock and ETF-demand versions largely intact.
What holders should take from it So should XRP holders worry about RLUSD, and if so, how much? The grounded answer is that the concern is legitimate but should be held in proportion, neither dismissed nor allowed to dominate. The legitimate part is that RLUSD genuinely does weaken the specific thesis that institutional settlement demand would flow into XRP. In deal after deal, that demand is flowing into the stablecoin instead, and holders who bought XRP primarily on the bridge-asset-settlement story should update on that evidence instead of ignoring it.
If your entire case for XRP rested on the idea that Ripple’s settlement business would mechanically drive token demand, the RLUSD pattern is a real challenge to that case and worth taking seriously. Pretending the token is the cash leg when it increasingly is not would be wishful thinking. The question is no longer whether Ripple is winning, because it clearly is. The question is whether XRP captures enough of those wins to justify the token thesis on its own terms.
The proportion part is that the bridge-asset-settlement story was never the only pillar of the XRP thesis, and arguably not even the strongest one. The catalysts most capable of moving XRP, statutory clarity from the CLARITY Act and the institutional ETF demand it could unlock, operate largely independent of whether RLUSD or XRP settles any given transaction. Ripple’s status as the largest XRP holder also keeps its incentives aligned with the token even as it builds RLUSD. The stablecoin may be the product enterprises want now, but XRP remains the native asset inside the ecosystem those enterprises are entering.
The most useful posture for a holder is therefore to treat the RLUSD pattern as important information about where one channel of demand is going, while keeping attention on the channels that matter more: regulatory progress, ETF flows, and whether ledger activity overall, RLUSD included, grows large enough to support the token through fees, reserves, routing, and ecosystem demand. For price-focused readers, what the gap means for price is the practical version of the same question. If XRP keeps failing to convert Ripple’s wins into token demand, the chart will continue to reflect that. If regulatory clarity, ETF inflows, and ledger usage finally converge, RLUSD may look less like a replacement and more like the stablecoin that helped bring institutions onto the rail.
The deepest truth here is that XRP’s fate depends on the convergence of usage and token demand, and RLUSD is one factor among several bearing on that convergence. It is a headwind to one pillar instead of the collapse of the whole case. Holders should worry enough to watch it closely and to be honest about which version of the XRP thesis it undercuts, but not so much that they lose sight of the larger catalysts that will ultimately determine whether the token finally breaks its range.
Frequently asked questions What is RLUSD? RLUSD is Ripple’s dollar-pegged stablecoin, a token designed to hold a steady value of $1, backed by reserves, and issued on the XRP Ledger and other blockchains. It crossed $1 billion in market value quickly after launch, reflecting real demand, and Ripple increasingly puts it forward as the cash leg, the stable settlement asset, in its enterprise deals. Because it holds a fixed dollar value instead of fluctuating like XRP, RLUSD is suited to the role of denominating and settling real-world value, which is why it has become central to Ripple’s institutional settlement business and to the debate about what that leaves for XRP.
Why do Ripple’s deals use RLUSD instead of XRP? Because enterprises settling real-world value need price stability, and a stablecoin provides it while XRP does not. When a business moves money across borders, it wants the amount it sends to equal the amount that arrives, with no exposure to price swings in between. XRP fluctuates in price, which makes it useful as a fast bridge for moving value but difficult as the unit an enterprise wants to hold and settle in. RLUSD holds a fixed dollar value, so enterprises can settle in something that behaves like the dollars they already use.
Is RLUSD replacing XRP? Not exactly, though it is taking part of the role XRP was originally pitched for. The classic XRP thesis cast the token as the bridge asset for cross-border settlement, and a dollar stablecoin can perform much of that settlement function while also offering price stability XRP lacks, so RLUSD does compete with one version of XRP’s intended purpose. The counterargument is that the two are complementary: RLUSD handles the dollar cash leg, while XRP can serve as the neutral bridge that moves value between many different currencies and stablecoins. A world of many stablecoins may actually increase the need for a neutral bridge asset, a role XRP could fill.
Does RLUSD’s success hurt XRP holders? It weakens one specific pillar of the XRP bull case, the idea that Ripple’s settlement business would mechanically drive XRP token demand, because that settlement demand increasingly flows into RLUSD instead. Holders who bought XRP primarily on that bridge-asset-settlement story should take the pattern seriously. However, RLUSD runs on the XRP Ledger, generating activity, fees, reserves, and ecosystem growth that can indirectly support XRP, and Ripple, as the largest XRP holder, keeps its incentives aligned with the token. The stronger XRP catalysts, regulatory clarity and ETF demand, operate largely independent of which asset settles a given deal, so RLUSD is a headwind to one pillar instead of the collapse of the whole case.
What actually drives XRP’s value then? XRP’s value depends on the convergence of network usage and token demand, which requires specific things to happen. Settlement and ecosystem activity must become large enough that fees, reserves, routing, and demand begin to matter against the large XRP supply locked in escrow. Spot ETF inflows also need to compound, and a regulatory catalyst like the CLARITY Act needs to cross the line to pull institutional money off the sidelines. These channels, particularly the regulatory unlock and ETF demand, operate largely regardless of whether RLUSD or XRP settles any individual transaction.
Should I sell XRP because of RLUSD? This article does not give investment advice, and that decision depends on your own analysis and circumstances. What the analysis offers is a framework: RLUSD truly weakens the bridge-asset-settlement version of the XRP thesis, so if that was your primary reason for holding, the pattern is a real challenge worth weighing honestly. But it leaves the regulatory-clarity and ETF-demand versions of the thesis largely intact, and Ripple’s incentives remain aligned with XRP as its largest holder. The proportionate response is to watch the RLUSD trend closely and be honest about which pillar it undercuts, while keeping the larger catalysts in view instead of reacting to a single factor in isolation.
This article is information, not investment advice. Partnership details, settlement mechanics, market values, and corporate plans reflect reporting available as of June 28, 2026, and can change quickly. The relationship between RLUSD and XRP is an evolving and debated topic. Nothing here is a recommendation to buy or sell XRP, RLUSD, or any asset. Verify current details from primary sources and consider your own circumstances before making any decision.
As the price of XRP slips below recent short-term lows, on-chain data reveals a significant uptick in network activity. Based on insights from analyst Ali Martinez, referencing Santiment data, the number of daily active addresses on the XRP Ledger has skyrocketed by 71.7% over the past two weeks—from approximately 23,000 to more than 39,500.
On-chain activity acceleratesThis substantial increase signals a shift in user behavior that runs counter to the weak price trend visible on the chart. While XRP continues to drift downward around $1.04, the simultaneous surge in wallet activity across the network has caught market watchers’ attention.
The active addresses metric encompasses not only trading but also the total unique wallets conducting transactions on the network. This rise suggests users are moving funds, ramping up their network engagement, and actively readjusting their portfolios.
The leap in daily active addresses on the XRP Ledger from 23,000 to over 39,500 in 14 days points to a robust recovery in network usage, even as the price remains subdued.
Speculation grows around large investor movesHistorically, such sharp increases in network activity have often been linked to major investors quietly shifting positions or accumulating holdings in stages. As a result, the latest figures highlight not just a spike in short-term user interest, but also bring deeper capital flows into focus.
The XRP Ledger is the blockchain infrastructure that underpins payments and asset transfers within the Ripple ecosystem. Although spikes in transaction activity don’t always correlate with changes in market capitalization, on-chain resurgences like this one are closely monitored for clues about XRP’s medium-term prospects.
A divergence emerges between price and core metricsFrom a technical standpoint, XRP continues trading below its moving averages, reinforcing a bearish outlook. Exponential moving averages currently hover at $1.12 and $1.24, highlighting a stark contrast between declining market value and strengthening network engagement.
In the cryptocurrency world, on-chain momentum is often viewed as a leading indicator. Increased network usage can fuel expectations of price follow-through in the coming periods, while stagnant networks tend to struggle to sustain upward moves.
The strong uptick over the past two weeks may signal growing liquidity flows into XRP. Going forward, the key question for the market will be whether this heightened activity can alleviate pressure on the price and help fuel a recovery toward the critical resistance zone near $1.50.
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 is at $1.05. Flat-ish on the day. Down almost 8% on the week. Still clinging to $1 (live XRP price on CoinGecko).
But the price is not the most interesting thing happening to XRP right now. The most interesting thing is a fight. Ripple’s CEO just publicly blamed one of Bitcoin’s biggest names for hurting the entire crypto market. And honestly? He has a point.
Let me break it down.
The feud: Garlinghouse vs Saylor Brad Garlinghouse runs Ripple, the company behind XRP. This week he went on the record and pointed a finger straight at Michael Saylor’s Strategy.
His argument: Strategy’s preferred-stock funding model, the financial machine Saylor built to buy Bitcoin, is “financial engineering” that distracted the market and ultimately hurt crypto. His evidence? STRC, one of those Strategy securities, just slid to a record low. And as we covered, Strategy’s stock has now fallen below the value of its own Bitcoin. The machine is sputtering.
Now, keep in mind the obvious: Garlinghouse runs a Bitcoin rival. He has a reason to take shots. But that does not mean he is wrong. Strategy’s funding model genuinely is under stress, its premium has inverted, and the broader market did get caught up in the “buy Bitcoin with leverage” narrative that is now unwinding. So this is a self-interested jab that also happens to land.
Why this matters for XRP Here is the connection. Garlinghouse is drawing a line between two philosophies. On one side, Saylor’s leverage-and-financial-engineering approach. On the other, Ripple pitching XRP as actual utility, real-world payments, institutional rails, regulated products. The subtext: XRP is the grown-up in the room.
Whether you buy that or not, it is a deliberate positioning move at a moment when the leverage model is visibly struggling. Ripple wants XRP seen as the substance to Strategy’s spectacle. The timing, right as Strategy’s stock falls below its Bitcoin, is not an accident.
Meanwhile, the CLARITY Act is stuck on one provision XRP’s biggest catalyst, the CLARITY Act, is still jammed up, and now we know exactly where. The sticking point is Section 604.
That provision would establish that non-custodial blockchain developers are not money transmitters. Sounds technical, but it is the fight. Nearly 100 Catholic bishops and an anti-trafficking group argue Section 604 creates loopholes that traffickers and criminals could exploit. Crypto advocates fire back that it just protects software developers from being regulated like banks. Either way, the bill is stuck behind this argument, with a July 17 hearing as the next checkpoint.
So XRP’s catalyst is not just “delayed” in some vague way. It is hung up on one specific, contested section. That is worth knowing.
The price reality Back to the chart, because it is tense. XRP at $1.05 is a nickel above $1.00, the floor it has defended this entire correction. It is the weakest major coin this week. Sellers keep breaking support. Every bounce fails.
But here is a fact that does not get enough attention: XRP exchange balances have dropped to 2021 lows, with over 570 million tokens moving into long-term wallets this year. Translation: holders are pulling XRP off exchanges and sitting on it, not selling. That is accumulation, quietly, under an ugly price.
The levels Down: $1.00 is the line. Below it, $0.95 then $0.90.
Up: reclaim $1.12, then $1.20 to say the downtrend is breaking.
Bottom line XRP at $1.05 is fighting for $1 while its CEO picks a very public, very pointed fight with Saylor, and lands some real hits. The CLARITY Act is stuck on Section 604 until at least July 17. Near-term, the price is weak, no sugarcoating it.
But underneath: exchange balances at 2021 lows, holders accumulating, ETF inflows continuing, Ripple positioning XRP as the substance play while the leverage model wobbles. Watch $1.00 above everything. Hold it and XRP survives this. Lose it and the next leg opens. That is where things stand, and it comes down to a nickel.
FAQ What is the XRP price today?
XRP is trading at $1.05 on June 28, 2026, roughly flat on the day but down almost 8% on the week, the weakest major coin, clinging to the critical $1.00 level.
What did Ripple’s CEO say about Saylor?
Ripple CEO Brad Garlinghouse called Strategy’s preferred-stock funding model “financial engineering” that distracted the market and hurt crypto, pointing to STRC’s slide to a record low as evidence. He runs the company behind XRP, a Bitcoin rival.
What is Section 604 of the CLARITY Act?
Section 604 would establish that non-custodial blockchain developers are not money transmitters. Anti-trafficking groups argue it creates loopholes criminals could exploit, while crypto advocates say it protects developers from bank-like regulation. The dispute has stalled the bill.
Will XRP fall below $1?
It is a real risk. At $1.05, XRP is a nickel from $1.00, the floor it has defended all correction. Sellers keep breaking support. However, exchange balances at 2021 lows show holders are accumulating, not selling.
What are the key XRP levels to watch?
Down: $1.00 is critical, then $0.95 and $0.90. Up: XRP needs to reclaim $1.12, then $1.20 to signal the downtrend is breaking.
AUTHOR
Freelance writer and crypto enthusiast with a focus on Web3, delivering clear and engaging articles. Known for his well-researched articles and insightful analysis, Shayan covers a broad range of topics including market trends, blockchain technology, decentralized finance (DeFi), and emerging crypto projects. His writing aims to educate both beginners and experts, providing clear, engaging content that helps readers stay informed about the fast-evolving crypto space. Shayan's expertise and dedication make him a trusted voice in the blockchain community.
XRP dipped all the way to the 1 dollar mark on Friday, putting this key threshold to the test once again. As selling pressure remained strong throughout the week, market participants closely watched the US Personal Consumption Expenditures (PCE) index for May, one of the Federal Reserve’s preferred gauges of inflation. The data hinted that inflation is proving more persistent than anticipated, prompting a cautious tone toward riskier assets.
Short term scenarios dominate the XRP outlookOver the course of three straight days, XRP declined and tested the heavy trading zone around 1.06 dollars, seeing about 830 million XRP change hands at this level. However, buyers struggled to hold the support and the price retreated to the 1 dollar boundary.
Following Friday’s low, buying interest emerged and the recovery extended into Saturday. Over the past 24 hours, XRP has gained 2.95 percent, most recently trading at 1.07 dollars. The key near-term question is whether support at 1.06 dollars can be reestablished, allowing the bounce to continue.
Analysts now see three possible paths for XRP in the short run: a continued recovery, a period of sideways movement, or a decline below 1 dollar.
Alternatively, if the market waits for fresh direction, the price could remain stuck in a narrow band. However, should the current levels fail, a fresh drop below the psychological 1 dollar mark may become likely, drawing attention to previous zones of strong trading activity as potential supports.
According to crypto analyst Ali, if XRP breaks below the critical 1 dollar level, three key price supports come into focus. Roughly 923 million XRP changed hands at 0.80 dollars, 1.16 billion at 0.62 dollars, and 1.06 billion at 0.51 dollars—areas where heavy historical trading activity makes them likely candidates for a potential price floor.
LevelXRP Traded (million)Significance1.06 dollars830Key near-term support and resistance0.80 dollars923First major support0.62 dollars1,160Deeper retracement target0.51 dollars1,060Lower support bandXRP Ledger takes the lead in RLUSD supplyA major development for the Ripple ecosystem this week involved RLUSD, Ripple’s dollar-pegged stablecoin. For the first time, on-chain supply of RLUSD on the XRP Ledger has surpassed that on Ethereum. Data tracking Ripple stablecoins shows 810 million dollars’ worth of RLUSD now circulating on XRP Ledger, while supply on the Ethereum network remains at approximately 760 million dollars.
XRP Ledger is Ripple’s proprietary blockchain network, widely used for cross-border payment solutions. RLUSD—a stablecoin tied to the US dollar—is designed for both institutional and retail payments across different platforms within the Ripple ecosystem.
RLUSD’s in-circulation supply on XRP Ledger reached 810 million dollars, while on the Ethereum network, the figure stood at 760 million dollars.
Regulatory green light for RLUSD in JapanJapan’s Financial Services Agency (FSA) has now officially recognized RLUSD under the country’s Payment Services Act as a new kind of electronic payment instrument. This move paves the way for Ripple’s stablecoin product to be used within Japan’s regulated financial markets.
Plans are in place to offer RLUSD in Japan through SBI VC Trade, making it available to both institutional investors and individual users. SBI VC Trade operates as a crypto platform under the umbrella of Japan’s financial giant SBI Holdings, expanding its product lineup to include the new stablecoin.
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.
Marc Andreessen: Zhipu AI’s GLM-5.2 Rivals Top U.S. Open Models, Large Language Model Capabilities Gradually Move Toward a Multipolar Competitive Landscape
According to monitoring by Beating, a16z co-founder Marc Andreessen noted that many AI practitioners and industry insiders consider Zhipu GLM-5.2 to be the first Chinese AI model that can match or even outperform open models from leading U.S. labs on most tasks, while also being balanced across multiple capability dimensions. This development carries "extremely critical timing significance" amid accelerating global AI competition, as large model capabilities are gradually shifting from being dominated by a small number of U.S. labs to a multipolar competitive landscape. Click the original link below to join Beating’s Feishu AI News Channel, which provides 24/7 uninterrupted monitoring of global AI hotspots and news.
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Michael Saylor has once again released updates for his Bitcoin Tracker, potentially signaling another round of BTC accumulation.
Michael Saylor, founder of MicroStrategy, has once again shared updates on Bitcoin Tracker, remarking, “We are gonna need more charts.” Per historical trends, MicroStrategy typically announces increases to its Bitcoin holdings the day after such statements.
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Bank of America: Three key thresholds for US stocks to trigger a "full risk-off" this summer, with signals for these conditions already building up.
BofA Securities chief strategist Michael Hartnett outlined three thresholds for a "full risk-off" trigger this summer in his latest Fund Flow Report: the Mag7 ETF falling below $60, USD/JPY dropping below 110, and the yield curve inverting again. None of these conditions have been met yet, but related signals are building. U.S. stock funds posted a net outflow of $8.5 billion, the first such outflow since March, following a historic $119.2 billion net inflow. The divergence where hyperscale cloud providers continue to underperform chip stocks has pushed the sustainability of AI capital spending to the core of market debate: Apple’s MacBook price hikes and Microsoft’s Xbox price increases are both directly tied to rising memory costs. Rack memory prices at Vera Rubin have surged by 435% cumulatively, and Goldman Sachs forecasts AI capital spending could reach as high as $1.4 trillion by 2027. Hartnett’s core ongoing question is: How much further do cloud providers need to fall before the market starts pricing in capital spending cuts? U.S. equity funds have shifted ahead of the curve, with liquidity flowing out of tech giants and into cyclical assets including semiconductors, small-caps, housing, and REITs — a move the market interprets as a front-run bet on a policy shift toward "affordability". For asset classes, Hartnett believes gold remains highly valuable for allocation below $4,000, and going long on long-dated U.S. Treasuries is currently the most contrarian long-term trade. The U.S. dollar is only suitable for short-term holding rather than long-term allocation, while going long on emerging markets over the long term is his strategic stance. Since Fed Chair Waller took office on May 22, U.S. Treasuries have risen by 3.2% cumulatively, while stocks have fallen by 1.6%, with bonds outperforming significantly.
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Bank of America: There are three key thresholds for US stocks to trigger a full-scale risk-off move this summer; none of the conditions have been triggered yet, but relevant signals are accumulating.
Bank of America Securities chief strategist Hartnett outlined three triggers for a "full risk-off" environment this summer in his latest Fund Flow Report: Mag7 ETF falling below $60, USD/JPY dropping below 110, and the yield curve inverting again. None of these conditions have been met yet, but signals are building. U.S. equity funds have posted a net outflow of $8.5 billion, the first such outflow since March, following a historic $119.2 billion net inflow. The divergence where hyperscale cloud providers continue to underperform chip stocks has put the sustainability of AI capital expenditure at the center of market debate: Apple’s MacBook price hikes and Microsoft’s Xbox price increases are both directly tied to rising memory costs. Vera Rubin rack memory prices have surged 435% cumulatively, and Goldman Sachs projects AI capital expenditure could reach as high as $1.4 trillion by 2027. Hartnett’s core ongoing question is: How much further do cloud providers need to fall before the market begins pricing in capital expenditure cuts? U.S. equity funds have already shifted ahead of time; liquidity flowing out of tech giants is pouring into cyclical assets like semiconductors, small-caps, housing, and REITs, a move the market interprets as a front-run bet on policy shifting toward "affordability." At the asset class level, Hartnett believes gold still holds strong allocation value below $4,000, and going long on long-dated U.S. Treasuries is the most contrarian long-term trade right now. The U.S. dollar is only suitable for short-term holding rather than long-term allocation, and his strategic view is to go long on emerging markets over the long term. Since Fed Chair Waller took office on May 22, U.S. Treasuries have risen 3.2% cumulatively, while stocks have fallen 1.6%, with bonds significantly outperforming.
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Samsung Electro-Mechanics plans to sign a 500 billion won large order for AI server MLCCs, and will partner with Sumitomo Chemical to develop glass substrate business.
Samsung Electro-Mechanics is in final negotiations with a major U.S. tech firm over a supply contract for MLCCs (multi-layer ceramic capacitors) for AI servers. Worth around 500 billion won, the deal equals 10% of its component division’s annual revenue last year, making it an extremely large-scale order. Industry sources speculate the client is a leading player with significant clout in the data center sector. Each AI server requires 15,000 to 25,000 MLCCs—over 10 times the number used in a smartphone—with a unit price more than triple that of smartphone-grade MLCCs, earning the component the nickname "golden rice of the AI industry". Samsung Electro-Mechanics currently holds the No.2 position in the global MLCC market with a 20%+ share. The contract is expected to significantly boost its standing in the AI server MLCC market. Industry observers note the deal essentially secures quality validation from a global "big buyer", which will prompt other major tech firms to follow suit. Turning to its glass substrate business, Samsung Electro-Mechanics will formally sign a joint venture agreement with Japan’s Sumitomo Chemical this week. The two firms will invest a combined 500 billion won to set up a glass substrate JV, with Samsung holding a majority stake and contributing around 300 billion won. The JV will be based at the Pyeongtaek plant of Sumitomo Chemical’s South Korean subsidiary Dongwoo Fine-Chem, with production scheduled to launch in early next year. Glass substrates, which offer superior heat resistance to traditional plastic substrates and can accommodate more HBM (high-bandwidth memory) and GPUs, are hailed as "rule changers" for AI semiconductor packaging. Samsung Electro-Mechanics aims to lock in a high-quality supply chain in advance for mass production, while Sumitomo Chemical is using this partnership to enter the next-generation packaging materials market.
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Crypto KOL Ansem has continued pumping his eponymous meme coin, with ANSEM’s market cap briefly surging past $78 million.
According to GMGN data, Solana ecosystem meme coin ANSEM briefly hit a market cap of over $78 million before pulling back to $74 million. It has seen a 356x price surge in 24 hours, with 24-hour trading volume reaching $49.4 million. Today, crypto KOL Ansem announced on social media that, due to Pump.fun’s refusal to distribute airdrops, he is issuing a “stimmy” (stimulus fund) to “the trenches” — a term referring to on-chain meme coin traders. As of press time, Ansem has been posting buy calls continuously to stoke community sentiment. BlockBeats reminds users: Most meme coins lack real-world use cases and are highly volatile; please protect your assets and avoid FOMO.
Thursday was particularly positive days for the spot ETFs tracking Hyperliquid's token.
The evident divergence in how ETF investors behave toward the largest cryptocurrencies by market cap continues. The past week saw some record-setting withdrawals from the BTC funds, but those following HYPE and XRP have maintained their green dominance.
At the same time, the SOL funds have turned red after the previous week’s positive performance.
XRP and HYPE Still Dominate CryptoPotato reported last week that the spot ETFs tracking HYPE, XRP, and SOL defied the trend set by the two largest digital assets and attracted notable capital. The trend extended in the past week for two of those assets, and one day was particularly positive for the HYPE funds.
Data from SoSoValue reveals that Thursday stands out with just over $108 million in net inflows, making it by far the best single-day performance from the funds. With a lot more modest $1.46 million on Tuesday and $1.82 million on Friday, the week ended with $111.36 million in net inflows. It also set the record for the most significant weekly inflows, surpassing the previous of $72.38 million marked during the funds’ second week of existence.
The spot XRP ETFs also ended the week strongly, albeit nowhere near HYPE’s Thursday inflows. They attracted $15.63 million on Friday, building on the $5.31 million on Monday and $2.05 million on Wednesday. With Tuesday and Thursday being $0.00 days, the week ended with $23 million in net inflows, the best in a month and a half.
The cumulative total net flows have risen to another all-time high of $1.47 billion. Moreover, both XRP and HYPE ETFs have been on a green-only weekly streak for 8 and 7 consecutive weeks now, respectively.
SOL Joins BTC and ETH While the HYPE and XRP products have continued their impressive streak, SOL has fallen behind with a $3.8 million net outflow. Thus, the Solana ETFs have joined the two market leaders.
You may also like: Hyperliquid Responds After Appearing on Singapore’s Investor Alert List Bitcoin Didn’t Lose to Gold, the Rotation Story Is Wrong: Analyst Bitcoin Holds Key Price Floor Despite Weak Bullish Signals: Bitfinex Alpha The spot Bitcoin ETFs registered another massive withdrawal in the past week, with nearly $1.8 billion leaving the funds. This was their second-worst weekly performance in their 2.5-year history. The Ethereum funds were also in the red, with more than $273 million withdrawn.
Taiko says it is ready to bring its Ethereum layer-2 network back online after a June 21 security breach.
Summary
Taiko says the attack path is closed after outside experts reviewed its latest security fixes. The restart plan will restore chain activity before reopening the bridge under withdrawal quotas. Recent bridge attacks show why projects now face close scrutiny over proof validation controls. The project says the attack path is now closed, outside security experts have reviewed the fixes, and users will not lose funds.
The update marks a shift from emergency response to staged recovery. Taiko plans to restore the chain, back the bridge assets, reopen network activity and then unpause bridge operations under limits.
Taiko says attack path is closed Taiko said the June 21 attack path has been closed after a review by independent security experts. The team said it now has a staged plan to restore the chain while protecting user funds and network stability.
Taiko is ready to come back online.
The June 21 attack path is closed, the fixes have been reviewed by independent security experts, and we have a clear, staged plan to restore the chain. We're doing it in four careful steps, to ensure user’s security and stability before it…
— Taiko.eth 🥁 (@taikoxyz) June 28, 2026 The project said the first step will deploy the fixes and confirm the chain’s finalized state. Taiko also said the review must confirm there are no forged checkpoints or attacker claims still reachable.
The update follows an earlier warning after Taiko confirmed a compromise of its chain-state verification mechanism. As previously reported, the project had urged users to withdraw bridge funds and asked exchanges to pause TAIKO deposits while the team contained the issue.
Blockaid had linked the attack to flawed source-signal proof checks. The security firm said crafted message proofs were accepted on Ethereum without matching valid events on Taiko, allowing unauthorized releases from the ERC20 Vault.
Bridge backing comes before full access Taiko said the second step will replenish the bridge so every L2 asset is backed 1:1. The team said users will be able to verify the backing on-chain.
This step matters because bridge users rely on the claim that assets on the L2 match assets held or locked elsewhere. If backing becomes weak after an exploit, users may lose trust in wrapped or bridged balances.
Taiko said the Security Council will handle key restart actions. The council will also submit the proposal that unpauses the bridge once the chain finalizes properly and the network remains stable.
The team said it will reopen the bridge with conservative withdrawal quotas. Taiko said it does not expect the limits to stop users from moving assets, but it will use them as an extra safety guard.
Network activity returns in stages After the fixes and bridge backing steps, Taiko plans to bring network functions back online. Transfers, swaps and trading on L2 will return before the bridge fully opens.
That order gives the team time to watch the chain under normal activity before allowing free movement to and from the bridge. It also lowers the risk of a rushed restart after a security breach.
Taiko said, “No user will lose funds.” The team also warned users that there is no claim site and that the project will never contact users first through direct messages.
That warning targets phishing risks that often follow crypto exploits. Fake recovery links, support accounts and claim pages can lead users into signing harmful transactions or exposing wallet details.
Bridge security remains under pressure The Taiko breach adds to a series of recent bridge security failures. A Verus Protocol bridge exploit drained more than $11.5 million after attackers used forged cross-chain transfer messages.
Axelar also disabled Secret Network bridge routes after a $4.7 million exploit. Aztec Connect later lost about $2.1 million after an old contract suffered a verification mismatch.
A separate report said cross-chain bridge exploits caused $28.6 million in May losses, or about 42% of the monthly total. That figure shows why bridge proof checks and recovery plans now face close review.
Taiko’s next test is execution. The project must restore activity, prove 1:1 backing, reopen withdrawals safely and keep users away from scam recovery channels.
Sharplink, the second-largest Ethereum [ETH] treasury company, purchased an additional 29,196 ETH for $46.7 million on the 27th of June. In fact, Lookonchain reported that the Ethereum DATs amassed 39,196 ETH, worth $62.4 million, over the last three days.
Source: Lookonchain/X This marks Sharplink’s second purchase after an eight‑month pause. The first occurred when the firm added 5,000 ETH through FalconX, worth about $7.88 million at an average price of $1,576. With these acquisitions, Sharplink now holds 868,699 ETH in total, including 22,102 staked tokens. Meanwhile, its stock closed at $4.81, up 5.48% from the prior trading day.
Sharplink vs. Bitmine Meanwhile, on the 22nd of June, Bitmine, the biggest Ethereum DAT, paid $92 million to acquire an additional 52,203 Ethereum. As of right now, Bitmine has 5,672,956 ETH worth $8.92 billion.
Bitmine’s Tom Lee also stressed that his firm plans to continue growing steadily through 2026 and ultimately accomplish the “alchemy of 5%.” Although Sharplink has not yet disclosed such plans, the ETH accumulation strategy has been relatively comparable.
Ethereum’s market dynamics paint a concerning picture All this happened as ETH was trading at $1,568.75, the lowest level since April 2025. Meanwhile, Ethereum’s Spot Taker CVD has lost some of its aggressive buying momentum, which is a major shift compared to June 2025.
Although buyers are still present in the market, their influence has waned. Unlike the strong accumulation phase seen a year ago, the current demand indicates buyer exhaustion.
Source: CryptoQuant Final Summary Sharplink added more ETH in the past three days, pushing its total ETH holding to 868,699 ETH in total. Sharplink’s stock price also jumped after the ETH accumulation, but ETH’s price was changing hands around the $1500 price level.
In a move that continues to garner interest in both traditional and cryptocurrency markets, SharpLink Gaming has once again increased the size of its Ethereum treasury by acquiring roughly $46.7 million worth of ETH.
Becoming a top-tier investorRecent on-chain data indicates that the company received 29,195.83 ETH at an average acquisition price of $1,599.50 per coin from Galaxy Digital approximately ten hours ago.
After the most recent acquisition, SharpLink's on-chain holdings now total more than 202,000 ETH, or roughly $342 million at current market prices.
HOT Stories
ETH/USDT Chart by TradingViewThe approach clearly resembles Michael Saylor's Bitcoin-focused strategy at Strategy. Businesses using this model treat cryptocurrencies as core treasury reserves rather than as speculative side investments.
Ethereum has emerged as SharpLink's preferred asset. This strategy has more justification than just price appreciation. Ethereum provides more opportunities through staking, in contrast to Bitcoin. Companies may be able to generate yield while maintaining exposure to the asset's long-term value by holding substantial amounts of ETH. This results in a treasury model that combines recurring blockchain-generated rewards with the potential for capital growth.
SharpLink's strategyAdditionally, SharpLink's expanding market share represents a direct wager on Ethereum's potential future in digital finance. Ethereum is still one of the main networks anticipated to benefit from the continued growth of decentralized finance, tokenized assets, stablecoin infrastructure, and blockchain settlement systems. Establishing a sizable treasury position now enables the business to gain exposure prior to a possible acceleration of wider institutional adoption.
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Nevertheless, there are risks associated with the strategy. SharpLink's balance sheet is becoming more susceptible to changes in the price of Ethereum, which remains a highly volatile asset. The business is essentially tying the performance of a single cryptocurrency to a sizable portion of its corporate value.
The purchase is noteworthy from a market standpoint since it took place while Ethereum was still in a more general downward trend. Despite a recent stabilization around $1,600, the asset is still below its major moving averages. Such circumstances might present an opportunity for treasury-focused buyers to make purchases before sentiment improves.
It is unclear whether SharpLink will eventually surpass Strategy in Ethereum holdings. Nonetheless, it is evident that the business is gradually becoming one of the biggest publicly visible corporate ETH holders, and its most recent $46.7 million acquisition reinforces this commitment.
Ethereum is trading at $1,583 on June 28, 2026 — up 0.06% — consolidating above MA(7) at $1,575 and MA(25) at $1,582 for the first time since the June selloff began. The 1H chart shows ETH has reclaimed both short-term moving averages and is approaching MA(99) at $1,591 — the last resistance before the $1,600–$1,611 zone. The $1,512 cycle low established on June 26 has now held across three consecutive sessions, and volume has dropped 85% from the June 26 capitulation peak — a classic post-capitulation base-building signature.
Key Takeaways ETH is at $1,583 on June 28, up 0.06%; 24H high $1,611, 24H low $1,562 Price is above MA(7) at $1,575 and MA(25) at $1,582 — first bullish MA alignment since June correction began MA(99) at $1,591 is the next resistance; a close above it opens $1,600–$1,611 Cycle low $1,512 (June 26) has held across three sessions — base formation in progress Fear & Greed Index at 18 (Extreme Fear) — cycle low; yesterday was 15, last week was 23 BitMine now embedded in Russell 1000 with 5.67M ETH (4.7% supply); 86% staked — $233M projected annual revenue Glamsterdam upgrade targeting Q3 2026 mainnet: 78.6% gas fee reduction, 10,000 TPS Ethereum Foundation 40% spending cut confirmed — treasury sell pressure structurally reduced Ethereum Price Metrics — June 28, 2026 MetricValueETH Price (current)$1,58324h Change+0.06%24h High$1,61124h Low$1,562Cycle Low (June 26)$1,512MA(7)$1,575MA(25)$1,582MA(99)$1,591Key Resistance$1,591 (MA(99)) → $1,600–$1,611Key Support$1,562 (24H low) → $1,512 (cycle low)Market Cap~$191BCirculating Supply120.68M ETHATH (Aug 24, 2025)$4,951.66ATH Drawdown~68% ETH Reclaims MA(7) and MA(25) — First Bullish Signal Since June Selloff The June 28 1H chart is the most constructive ETH technical setup since the correction began. Price at $1,583 sits above MA(7) at $1,575 and MA(25) at $1,582 — the first time ETH has held above both short-term moving averages simultaneously since the June 22–24 recovery attempt failed at $1,693. The MA structure is flattening: MA(7) is rising, MA(25) is rising, and MA(99) at $1,591 is the only remaining resistance within the $1,580–$1,600 range.
A sustained close above MA(99) at $1,591 would be the first confirmed bullish signal on the 1H chart in two weeks, opening the $1,600–$1,611 resistance zone. The 24H high of $1,611 is the immediate ceiling; a break above it would be the first higher high since the correction began and would shift the daily structure from bearish to neutral.
The volume picture confirms base-building rather than distribution: the June 26 capitulation session generated the highest volume of the correction, and each subsequent session has seen sharply declining volume — exactly the pattern seen at major cycle lows where sellers exhaust themselves on the capitulation day and subsequent sessions see decreasing participation.
Support and Resistance — June 28 LevelType$1,611Resistance — 24H high / key breakout level$1,600Resistance — psychological level$1,591Resistance — MA(99)$1,583Current price$1,582Support — MA(25)$1,575Support — MA(7)$1,562Support — 24H low$1,512Support — June 26 cycle low (structural floor)$1,480–$1,500Support — next major demand zone Fear & Greed at 18: Sentiment vs Price Divergence The Fear & Greed Index printed 18 on June 28 — down from 23 last week, 15 yesterday, 18 today. All four readings are in Extreme Fear, meaning crypto sentiment has been maximally compressed for at least 30 days. For Ethereum specifically, the divergence between sentiment (at cycle lows) and price (holding above the June 26 low for three sessions) is the most important signal to track.
When the Fear & Greed makes new lows while price holds above prior lows, that divergence historically resolves to the upside. ETH at $1,583 — above MA(7) and MA(25), three sessions above the $1,512 cycle low — while the index reads 18 is the clearest version of this divergence seen in the current cycle.
BitMine Russell 1000: Permanent Structural Demand Embedded BitMine officially joined the Russell 1000 at market close on June 26 with 5.67 million ETH — 4.7% of all circulating supply. Of that, 4.88 million ETH (86%) is actively staked, generating a projected $233 million in annual staking revenue. Every passive index fund benchmarked against the $4+ trillion Russell 1000 now holds BMNR proportionally — embedding indirect ETH exposure across the broadest institutional equity benchmark in the world.
The structural significance is long-term and compounding: as BitMine’s staking revenue accumulates, the company has a financial incentive to continue holding and staking rather than selling. The 86% staking ratio means the effective liquid supply of ETH controlled by BitMine is less than 800,000 ETH — the rest is validator-locked and cannot be sold without an unstaking queue that takes days to weeks.
Glamsterdam Q3 2026: The Upgrade That Changes the Competitive Landscape Ethereum’s Glamsterdam upgrade — targeting Q3 2026 mainnet — aims to cut gas fees by 78.6% and push throughput to 10,000 transactions per second. If delivered on schedule, Glamsterdam would be the single most significant technical development for Ethereum since The Merge in September 2022 and would meaningfully shift the competitive calculus between Ethereum, Solana, and BNB Chain for DeFi and stablecoin settlement activity.
The Q3 2026 timeline means testnet milestones should begin appearing in July and August — providing incremental positive catalysts for ETH price independent of macro conditions or CLARITY Act timing.
Ethereum Foundation Spending Cut: Sell Pressure Structurally Reduced The Ethereum Foundation’s confirmed 40% spending cut removes a persistent source of structured selling pressure from the ETH market. Foundation treasury sales — historically a reliable overhead supply — have been a known headwind for ETH price through 2024–2026. The 40% reduction does not eliminate foundation selling, but it meaningfully reduces the predictable supply overhang that institutional traders model into their ETH positioning.
Combined with the EIP-1559 fee burn mechanism — which continues to remove ETH from circulation with every transaction — the spending cut tightens the net supply dynamic from both the issuance and the distribution sides simultaneously. For real-time ETH burn data, see Ultrasound.money.
Ethereum Price Comparison AssetPrice (June 28)24hBitcoin (BTC)~$60,2510.00%Ethereum (ETH)$1,583+0.06%XRP~$1.05–0.22%Solana (SOL)~$71.66–0.01%BNB~$556–1.32%TRON (TRX)~$0.3215+0.27% Where to Buy Ethereum Binance — deepest ETH/USDT liquidity globally. Bybit — spot and perpetual ETH pairs. Coinbase — US-regulated, ETH staking available on platform. Kraken — strong compliance record, ETH staking with competitive APY. KuCoin — broad ETH pair selection. Gate.io — wide token range. OKX — spot and futures ETH trading. Uniswap — leading decentralized exchange for ETH and ERC-20 tokens directly from self-custody.
FAQ What is Ethereum’s price today, June 28, 2026?
Ethereum is trading at $1,583 on June 28, 2026, up 0.06% over 24 hours. The 24H range is $1,562–$1,611. Price has reclaimed MA(7) at $1,575 and MA(25) at $1,582 — the first bullish MA alignment on the 1H chart since the June correction began. MA(99) at $1,591 is the next resistance. The $1,512 cycle low from June 26 has held across three consecutive sessions, forming a potential technical base. A close above $1,591 opens $1,600–$1,611.
Why is the Fear & Greed Index at 18 and what does it mean for Ethereum?
The Fear & Greed Index at 18 (Extreme Fear) is the deepest reading of the current 2026 correction cycle — down from 23 last week and 15 yesterday. For Ethereum, the critical observation is the divergence between sentiment (at cycle lows) and price (holding above the $1,512 June 26 low for three sessions). When the Fear & Greed makes new lows while price holds, the divergence historically resolves to the upside. ETH’s reclaim of MA(7) and MA(25) on June 28 adds technical confirmation to this sentiment-vs-price divergence signal.
What is the BitMine Russell 1000 inclusion and why does it matter for ETH?
BitMine joined the Russell 1000 at market close on June 26 with 5.67 million ETH — 4.7% of all circulating supply. Every passive index fund tracking this $4+ trillion benchmark now holds BMNR proportionally. BitMine has staked 86% of its ETH (4.88 million ETH), generating a projected $233 million in annual staking revenue. The structural significance: 86% of BitMine’s ETH is validator-locked and cannot be sold quickly, permanently removing that supply from short-term market pressure while embedding indirect ETH demand into the world’s broadest passive equity benchmark.
What is the Glamsterdam upgrade?
Glamsterdam is Ethereum’s next major protocol upgrade, targeting Q3 2026 mainnet. It aims to cut gas fees by 78.6% and push throughput to 10,000 transactions per second — the most significant execution-layer improvement since The Merge. Testnet milestones are expected to begin appearing in July and August 2026, providing incremental positive catalysts for ETH price independent of macro or regulatory developments. Successful mainnet delivery would shift the competitive calculus between Ethereum, Solana, and BNB Chain for DeFi and stablecoin settlement activity.
What is Ethereum’s all-time high?
Ethereum’s all-time high is $4,951.66, reached on August 24, 2025. As of June 28, 2026, ETH trades approximately 68% below that record at $1,583. The 2026 cycle low is $1,512, printed intraday on June 26 — three sessions ago and not retested since.
28 June 2026 | 13:38 Ethereum is ending the second quarter of 2026 in a rough spot: two consecutive double-digit negative quarters, a market cap that has slipped out of the global top 100 assets, and a derivatives market where buyers are present but unable to push price higher.
Key Takeaways Ethereum is closing Q2 2026 with two straight double-digit negative quarters. Its market cap has fallen out of the global top 100 assets. Buyers are active in derivatives, but price isn’t responding. The only comparable back-to-back negative Q1 and Q2 were in 2022; 2018 remains the sharpest downside risk scenario for what follows. One of the most telling signals is in the order flow. The Taker Buy/Sell Ratio sits at 1.13, meaning aggressive buyers are outnumbering sellers on Binance. Normally that pushes price up. It isn’t. The Fund Price at $12.59 has been declining since April despite that buying pressure, and that combination is the problem.
What it points to is absorption: the sell orders are large enough to neutralize the incoming buy flow without price responding. When buying pressure exists but price stays flat or falls, the more likely explanation, as the analysis frames it, is distribution, larger holders using bounces to exit, rather than accumulation building a base. It’s worth being precise that order-flow data can’t name who is selling; what it shows is buying being absorbed, and distribution is the reading that best fits that behavior.
On-chain data confirms who is doing the selling. Crypto analyst Ali Charts wrote on X that large-scale holders offloaded roughly 550,000 ETH over the past week, injecting $880 million in sell-side supply into the market. That selling pressure pushed ETH below its immediate $1,633 support floor, with the market now testing critical volume support at $1,583. According to URPD data cited by Ali Charts, losing that level opens a path toward extended liquidations, with the next high-volume demand zones sitting at $1,237 and $1,089 if distribution continues into next week.
2026 in Historical Context The quarterly numbers put the weakness in perspective. Q1 2026 finished at -29.26% and Q2 at -24.75%. The only year in ETH’s recorded history with a comparable back-to-back negative Q1 and Q2 was 2022, which posted -10.75% and -67.34% respectively. 2018 had a positive Q2 (+15.29%) before collapsing in Q3 (-48.69%) and Q4 (-41.62%), making it the relevant downside risk scenario rather than a structural match. In every other year that opened with a negative Q1, ETH recovered in Q2. 2026 has not followed that pattern.
Year Q1 Q2 Q3 Q4 2018 -46.61% +15.29% -48.69% -41.62% 2022 -10.75% -67.34% +24.09% -9.94% 2026 -29.26% -24.75% — — That matters for what comes next. The historical Q3 average is +7.4% with a median of +8.19%, and Q3 has been positive in the majority of recorded years, which may normally be an encouraging base rate. But there is some exceptions: in 2018 for example, Q3 came in at -48.69%. So the historical record cuts both ways, the typical Q3 is positive, but still sometimes it was sharply negative.
The Top-100 Milestone ETH falling out of the global top 100 assets by market cap isn’t a separate event, it’s a direct consequence of the price decline. It’s a measure of how far Ethereum’s market cap has compressed relative to the full universe of global assets, equities, commodities, and everything else ranked by size. The milestone is symbolic rather than mechanical, but it captures how much ground the asset has given up.
🚨 WILD: Ethereum is no longer a top 100 asset ranked by market cap. pic.twitter.com/9IRIBJMkq6
— Cointelegraph (@Cointelegraph) June 27, 2026
Pulling it together: the order flow shows buyers active but unable to move price, which most plausibly reflects larger holders distributing into strength; the quarterly record shows a two-quarter decline matched structurally only by 2022, with 2018 providing the sharpest downside risk scenario for what follows; and the market-cap milestone underlines the scale of the compression. None of this predicts where ETH goes next. The data describes a market under real structural pressure, with a forward path that the history can frame but not settle.
The signal worth watching into July is straightforward: whether this absorption pattern breaks toward heavier selling, or whether the steady buyer flow finally overcomes the resistance that has been capping it. That probably could give a sign on which way the pressure is resolving.
Ethereum is trading for $1,570 at the time of writing after 6.7% drop for the past 7 days, according to CoinMarketCap data.
This article is for informational purposes only and does not constitute financial advice. Consult a professional before making investment decisions.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
28 June 2026 | 13:38 Ethereum is ending the second quarter of 2026 in a rough spot: two consecutive double-digit negative quarters, a market cap that has slipped out of the global top 100 assets, and a derivatives market where buyers are present but unable to push price higher.
Key Takeaways Ethereum is closing Q2 2026 with two straight double-digit negative quarters. Its market cap has fallen out of the global top 100 assets. Buyers are active in derivatives, but price isn’t responding. The only comparable back-to-back negative Q1 and Q2 were in 2022; 2018 remains the sharpest downside risk scenario for what follows. One of the most telling signals is in the order flow. The Taker Buy/Sell Ratio sits at 1.13, meaning aggressive buyers are outnumbering sellers on Binance. Normally that pushes price up. It isn’t. The Fund Price at $12.59 has been declining since April despite that buying pressure, and that combination is the problem.
What it points to is absorption: the sell orders are large enough to neutralize the incoming buy flow without price responding. When buying pressure exists but price stays flat or falls, the more likely explanation, as the analysis frames it, is distribution, larger holders using bounces to exit, rather than accumulation building a base. It’s worth being precise that order-flow data can’t name who is selling; what it shows is buying being absorbed, and distribution is the reading that best fits that behavior.
On-chain data confirms who is doing the selling. Crypto analyst Ali Charts wrote on X that large-scale holders offloaded roughly 550,000 ETH over the past week, injecting $880 million in sell-side supply into the market. That selling pressure pushed ETH below its immediate $1,633 support floor, with the market now testing critical volume support at $1,583. According to URPD data cited by Ali Charts, losing that level opens a path toward extended liquidations, with the next high-volume demand zones sitting at $1,237 and $1,089 if distribution continues into next week.
2026 in Historical Context The quarterly numbers put the weakness in perspective. Q1 2026 finished at -29.26% and Q2 at -24.75%. The only year in ETH’s recorded history with a comparable back-to-back negative Q1 and Q2 was 2022, which posted -10.75% and -67.34% respectively. 2018 had a positive Q2 (+15.29%) before collapsing in Q3 (-48.69%) and Q4 (-41.62%), making it the relevant downside risk scenario rather than a structural match. In every other year that opened with a negative Q1, ETH recovered in Q2. 2026 has not followed that pattern.
Year Q1 Q2 Q3 Q4 2018 -46.61% +15.29% -48.69% -41.62% 2022 -10.75% -67.34% +24.09% -9.94% 2026 -29.26% -24.75% — — That matters for what comes next. The historical Q3 average is +7.4% with a median of +8.19%, and Q3 has been positive in the majority of recorded years, which may normally be an encouraging base rate. But there is some exceptions: in 2018 for example, Q3 came in at -48.69%. So the historical record cuts both ways, the typical Q3 is positive, but still sometimes it was sharply negative.
The Top-100 Milestone ETH falling out of the global top 100 assets by market cap isn’t a separate event, it’s a direct consequence of the price decline. It’s a measure of how far Ethereum’s market cap has compressed relative to the full universe of global assets, equities, commodities, and everything else ranked by size. The milestone is symbolic rather than mechanical, but it captures how much ground the asset has given up.
🚨 WILD: Ethereum is no longer a top 100 asset ranked by market cap. pic.twitter.com/9IRIBJMkq6
— Cointelegraph (@Cointelegraph) June 27, 2026
Pulling it together: the order flow shows buyers active but unable to move price, which most plausibly reflects larger holders distributing into strength; the quarterly record shows a two-quarter decline matched structurally only by 2022, with 2018 providing the sharpest downside risk scenario for what follows; and the market-cap milestone underlines the scale of the compression. None of this predicts where ETH goes next. The data describes a market under real structural pressure, with a forward path that the history can frame but not settle.
The signal worth watching into July is straightforward: whether this absorption pattern breaks toward heavier selling, or whether the steady buyer flow finally overcomes the resistance that has been capping it. That probably could give a sign on which way the pressure is resolving.
Ethereum is trading for $1,570 at the time of writing after 6.7% drop for the past 7 days, according to CoinMarketCap data.
This article is for informational purposes only and does not constitute financial advice. Consult a professional before making investment decisions.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
Two consecutive mainnet outages hit Coinbase-incubated Layer 2 network Base on June 25 and 26, with the same sequencer block‑building bug responsible for both disruptions. The first lasted approximately 116 minutes; the second, 20 minutes. According to the official post‑mortem surfaced by WuBlockchain, stale journal state persisted after a failed transaction, producing a block with an invalid state transition that halted the chain. No user funds were affected.
Base’s team quickly fixed the bug and outlined improvements to fuzz testing, load testing, monitoring, and network recovery. Yet the episode does more than demonstrate normal software bugs: it exposes the fragility that still underpins a rollup handling significant DeFi volume and institutional attention.
The Bug That Took Base Offline Sequencers are the heartbeat of an optimistic rollup, ordering transactions and proposing blocks to the base layer. In Base’s case, the same flaw triggered both outages when a failed transaction left the internal journal in a stale state. The sequencer then built a new block using that outdated state, creating an invalid chain transition. Because the network relies on a single sequencer—currently operated by Coinbase—the invalid block propagated and forced a halt.
While base‑layer Ethereum would have simply orphaned a flawed block via consensus, L2s lack that distributed safeguard at the sequencer level. A bug in the ordering node can freeze the entire chain, as it did here. The fact that the same root cause struck twice within 24 hours suggests the initial patch may not have fully addressed the journal‑state logic.
The 136 total minutes of downtime are non‑trivial. For a platform that processes daily active addresses in the hundreds of thousands, any interruption ripples through DeFi protocols, perpetual exchanges, and NFT marketplaces that rely on Base for finality. Liquidations, oracle updates, and bridging transactions all pause, creating potential MEV and pricing distortions once the network resumes.
Sequencer Reliance and Centralization Risks Base’s architecture highlights a broader L2 design choice: centralized sequencers deliver fast block times and predictable MEV capture but introduce a single point of failure. Competitors like Arbitrum and Optimism have begun moving toward decentralized sequencer sets, but Base remains in a transitional phase. The outage is a stark reminder that until failover mechanisms are live, a single software bug can halt the entire chain.
Markets have largely priced in this risk, but the event may amplify calls for sequencer decentralization. The broader L2 ecosystem has seen teams like Arbitrum push updates with high developer activity, as tracked in recent rankings of top blockchains by developer activity. Base, despite its user growth, now faces fresh scrutiny on whether its infrastructure matches its ambitions.
Moreover, the timing coincides with an inflection point for on‑chain real‑world assets. Tokenized treasuries and private credit have crossed $20 billion in total value, as detailed in a recent tokenization roundup. While Base primarily serves crypto‑native use cases today, any L2 aiming to attract institutional settlement must demonstrate mainnet‑grade reliability. A 116‑minute hard stop would be unacceptable for securities settlement.
Base’s engineering response focuses on protocol‑level fuzz testing—feeding unexpected inputs to the sequencer to catch edge cases before they reach production—alongside expanded load testing and faster network recovery pathways. The team acknowledged the need to simulate failed‑transaction scenarios more aggressively. These are sensible stops, but they do not eliminate the risk inherent in a single‑sequencer design.
What remains uncertain is whether future upgrades will introduce a fallback sequencer or decentralized ordering layer. For now, the network’s uptime depends entirely on the robustness of Coinbase’s infrastructure and the thoroughness of its testing suite. Another similar bug that escapes detection could trigger longer outages or, in a worst case, a network halt requiring a manual reset.
The market impact was muted, partly because no funds were lost and the bug was transparently disclosed. Still, users and protocol developers may reconsider their contingency plans when operating on Base. Bridging delays, oracle freezes, and DeFi position liquidations during downtime are real tail risks that cannot be hedged away easily. As L2s absorb an ever‑larger share of on‑chain activity, such operational hiccups become less a technical footnote and more a market‑structure concern.
AUTHOR
Brenda is a writer with three years of experience specializing in cryptocurrency, artificial intelligence and emerging technologies. She graduated from the University of Mombasa with a degree in Psychology. She has worked at Cryptopolitan and Blockchain Reporter.
Institutional appetite for Ethereum [ETH] continues to weaken as investors reduce exposure to risk assets amid uncertain market conditions. U.S. spot ETH ETFs recently recorded another $12.85 million in net outflows, extending a broader slowdown in fund demand despite cumulative net inflows remaining near $11 billion.
With this reduction, there will be less institutional capital available to buy Ethereum to help stabilize prices as they continue to decline.
Source: SoSoValue As such, Ethereum now relies more heavily on staking demand, layer-2 activity, and natural organic spot buying to help stabilize prices. If Ethereum network demand increases, then it is possible that the markets can begin to absorb some excess supply.
However, if institutional demand does not increase, then we should expect longer-term consolidation and increased vulnerability to sentiment-driven price movements.
ETH bears retain control despite buying pressure Institutional demand has already weakened, and derivatives activity now suggests bearish conviction is strengthening. Market structure may be decisively bearish unless spot flows and leverage flows simultaneously turn positive again.
Meanwhile, the fund price has declined steadily from its April peak to 12.59. This dynamic reflects a fading appetite for leveraged long positions. Moreover, this divergence shows that buyers, though appearing more aggressive, are becoming less effective, leaving bears firmly in control of short‑term price action.
Source: Arkham Although moving assets to this new address does not necessarily indicate that the person behind the transaction is planning to sell their asset. Yet, previous instances of like-sized on-chain asset movements have occurred before liquidity events, making subsequent wallet activity the key signal to monitor.
If the funds remain in self-custody, the transfer will likely reflect routine wallet management. However, deposits to exchanges or OTC counterparties could reinforce existing bearish sentiment and increase expectations of additional selling pressure.
Final Summary Ethereum remained vulnerable as weakening institutional demand and bearish market structure continue limiting recovery momentum. ETH needs stronger spot demand to offset selling pressure and restore sustained bullish momentum.
Let me tell you about a warning that slipped under the radar this week, because while everyone was staring at Ethereum’s price, someone on the inside was quietly raising a flag about something more important.
But first, the price, since I know that is why you are here. ETH is sitting at $1,581, basically flat on the day but down a painful 8.4% on the week, the weakest of the major coins over the past seven days (live ETH price on CoinGecko). It is hovering near a support zone it has tested too many times for comfort. That is the surface story. Here is the one underneath.
The insider warning This week, a former member of the Ethereum Foundation, the nonprofit that has steered Ethereum’s development for years, went public with a concern. As the Foundation steps back from its traditional role and governance shifts to new structures, he warned that Ethereum needs to quickly build new funding institutions to fill the gap, or risk a shortfall in how core development gets paid for.
Think about what that means for a second. Ethereum is not run by a company. There is no CEO writing checks to developers. For years, the Foundation has been the entity making sure the people who build and maintain Ethereum get funded. Now that the Foundation is deliberately pulling back, the question becomes: who pays for the work? If new funding institutions do not stand up fast enough, you could get a gap, a period where critical development is underfunded right as Ethereum is trying to scale.
That is the warning. And it matters because it is structural, not about this week’s candle. It is about who keeps the lights on for the next few years.
Why I am not panicking about it Here is the balance, though, because I do not want to leave you with just the scary part. A funding gap warning is a call to action, not a death sentence, and Ethereum has navigated transitions before.
The on-chain reality is actually encouraging. Ethereum’s active addresses have hit cycle highs, meaning more people are using the network than at almost any point this cycle, even with the ugly price. Treasury companies are still buying ETH by the millions despite sitting on losses, betting on Ethereum as long-term infrastructure. And the Glamsterdam upgrade keeps hitting real performance milestones on its test networks. The technology and the usage are moving forward. The warning is about making sure the funding structure keeps pace, and now that it is out in the open, the community can actually address it.
So I read this less as “Ethereum is in trouble” and more as “an insider just told everyone what to fix.” That is healthy, even if it is uncomfortable.
The supply story is still quietly building One more thing worth your attention, because it keeps not getting priced in. The amount of ETH sitting on exchanges remains near record lows, and the share locked in staking is near record highs. Less ETH available to sell, more of it locked away. That is a supply squeeze building in the background while the price does the opposite.
In a calm market, that tightening would matter. Right now, fear from Bitcoin’s slide to a 20-month low is drowning it out, and ETH, which always moves harder than Bitcoin, is getting hit extra hard. But supply squeezes are patient. They wait. And when sentiment finally turns, a market this tightly wound can move fast.
The levels I am watching Below, the zone around $1,500 is the line. It has held repeatedly, but every test wears it down, so I would not treat it as bulletproof. If it goes, lower levels open up. Above, ETH needs to climb back over $1,700, then $1,800, and the real milestone is reclaiming $2,000, the level it lost on the way down. Get back above $2,000 and you can argue the supply squeeze is finally showing up where it counts.
Where this leaves us Ethereum at $1,581 looks weak, and the near-term trend genuinely is, dragged down by a fearful market and ETH’s habit of falling harder than the rest. I will not pretend otherwise.
But keep your ear to the ground. An insider just flagged a funding gap the community needs to solve, usage is at cycle highs, and a supply squeeze is quietly building that almost nobody is pricing in. Watch $1,500 below and $2,000 above. The price is loud and ugly right now, but the more interesting Ethereum story is the quiet one playing out underneath it.
FAQ What is the Ethereum price today?
Ethereum is trading around $1,581 on June 28, 2026, roughly flat on the day but down 8.4% on the week, the weakest major coin over the past seven days, hovering near the $1,500 support zone.
What is the Ethereum Foundation funding warning?
A former Ethereum Foundation member warned that as the Foundation steps back from its traditional role, Ethereum must quickly build new funding institutions to pay for core development, or risk a funding gap during the governance transition.
Why is Ethereum falling more than other coins?
Ethereum is a higher-beta asset that falls harder than Bitcoin in selloffs. With Bitcoin at a 20-month low and a fearful market, ETH took the worst weekly hit among majors, even as its on-chain usage hit cycle highs.
What are the key Ethereum levels to watch?
The key support is around $1,500, which has held repeatedly but weakens with each test. Above, ETH needs to reclaim $1,700, then $1,800, and the key $2,000 level it lost in the selloff.
Is Ethereum still a good long-term hold?
Ethereum’s usage is at cycle highs, treasury firms keep accumulating, and upgrades progress, but the funding-gap warning is a real structural question to watch. The supply squeeze is also building. This is not investment advice; assess your own risk tolerance.
AUTHOR
Simeon is a detail-driven editor who sharpens every piece with clarity and precision, ensuring clean, consistent, and professional content throughout.
The investigations into the 2026 exploits targeting the Kelp DAO and Humanity Protocol have taken on a new dimension as a result of the most recent on-chain activity.
ZachXBT, a blockchain analyst, noticed that money taken from the two different attacks had recently been mixed.
This suggests that assets from both exploits were moved through the same wallet or transaction flow. Interestingly, this also reveals a connection between the attackers.
How much of the stolen funds were moved? The Humanity Protocol attacker transferred 15,403 ETH, worth $23.6 million, to a relatively new Ethereum [ETH] address, according to Specter. After that, the money was transferred to the Bitcoin [BTC] network, where it was combined with earnings linked to the KelpDAO exploit.
As of now, over $8 million of the stolen money has been laundered by the Humanity Protocol attacker.
For context, the Lazarus Group uses this well-known tactic to combine the profits from various operations into one Bitcoin wallet before transferring them via mixers and over-the-counter desks.
That said, the Kelp DAO exploit drained about $292 million from its LayerZero bridge in April 2026.
Meanwhile, Humanity Protocol lost about $32 million in June. This happened when the hackers gained access to the deployer account and team-controlled wallets via a developer’s compromised device.
Is the exploit linked to the Lazarus Group? Until now, the Humanity Protocol hack had raised suspicions that insiders might have been involved in the attack.
However, the new combination with the Kelp DAO exploit’s laundering trail points to a shared external threat actor or closely related cybercriminal network.
Since the funds were associated with North Korea, the plaintiff argued, they were entitled to confiscate any funds belonging to North Korean-affiliated organizations as part of the money owed in unpaid judgments.
Plaintiffs currently own over $877 million in unpaid judgments against North Korea from U.S. courts.
The continuing risk in DeFi This commingling occurs at a time when MEV bots are also growing in power in on-chain markets.
While these automated systems have now made the market more efficient, the Jaredfromsubway.eth incident shows how skilled attackers can still manipulate even highly specialized trading infrastructure.
Together, these attacks highlight the rising security threats DeFi faces. While all this happens, ETH’s price also fell to an intraday low of $1,581.76 amid the wider market decline.
Final Summary Stolen funds from both Kelp DAO and the Humanity Protocol exploit have been reported to have been commingled. As of the last update, over $8 million of the stolen money has been laundered by the Humanity Protocol attacker.
Dogecoin (DOGE) is once again approaching a significant support zone, boosting short-term recovery expectations among investors. Analysts say continued buying appetite in the market could drive further upward movement, but a weaker outlook in Bitcoin may delay this scenario.
Short-term recovery expected in priceAt the time of writing, DOGE was trading at $0.07546. In the past 24 hours, its trading volume reached $537.11 million, and its total market capitalization stood at $11.68 billion. The 3.21% increase recorded during this period is seen by analysts as a potential indicator for a shift in market direction.
According to CoinCodex data, Dogecoin’s price is expected to reach $0.08045 within the next month, representing a 6.89% increase from current levels. These forecasts suggest that if sentiment in the digital asset market gradually improves, DOGE could post modest additional gains in the near term.
CoinCodex reports indicate Dogecoin could climb to $0.08045 in the next month, reflecting a 6.89% rise from its current value.
Since launching in 2013, Dogecoin has gained a broad community following, making it a unique cryptocurrency. Its price movements are often influenced not only by technical markers but also by overall market sentiment and investor interest.
Historical support zone back in focusCrypto analyst Aman notes that Dogecoin is once again testing a historically significant demand area that previously triggered strong price rebounds. This region attracted intense buying interest in earlier cycles and is now being closely monitored by market observers.
Analysts believe that if buyers can defend this crucial zone, Dogecoin may attempt a stronger rally. In such a scenario, the $0.50 level is highlighted as a key mid-term target. However, for this positive outlook to materialize, DOGE must not only maintain support but also break through major resistance levels ahead.
Impact of Bitcoin remains decisiveMarket experts emphasize that any potential rally in Dogecoin is likely to be influenced by the broader cryptocurrency trend. In particular, any decline in Bitcoin could suppress DOGE’s attempts to rise.
While the response from the support zone is noteworthy, analysts caution that it is too early to confirm a sustained breakout. If the cautious mood persists in the cryptocurrency market, potential upward movements in DOGE may prove temporary and could eventually turn into false signals.
Dogecoin’s future price direction thus remains dependent on broader market dynamics and the ability of buyers to maintain momentum at critical levels. As sentiment shifts, so too may the prospects for recovery or further correction.
In summary, while short-term optimism surrounds Dogecoin at its current price, traders remain alert to resistance levels and Bitcoin’s ongoing influence on the market. Many continue to monitor the pivotal support zone for signs of further movement.
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.
SecondFi says it remains on track to recover user assets after a Cardano wallet exploit drained about $2.4 million in ADA.
Summary
SecondFi says its recovery plan remains on track while engineers test several secure return methods. The exploit drained 16 million ADA from 374 addresses through flawed wallet generation software code. Users now face fresh scam risks as fake recovery accounts target affected Cardano wallet holders. The latest update comes as users wait for a wallet check tool and clear steps to move assets safely.
SecondFi says recovery work remains on track SecondFi said its recovery process is still moving within the estimated two-week timeline. The team said engineers are working on several technical routes at the same time to choose the safest recovery method for affected users.
🛡 Recovery Process Status
The team remains on track against the estimated 2-week recovery timeline, with substantial progress continuing as engineering teams work through multiple technical approaches in parallel to determine the most secure recovery solution for affected… pic.twitter.com/79TKaoVJyD
— SecondFi (@secondfiapp) June 28, 2026 The project said it plans to release a tool by early next week that will let users check whether their wallet was affected. It also said it will later share a secure process that lets users move assets out of the platform.
SecondFi warned that no recovery step needing user action has started. It told users to leave wallets untouched until official instructions arrive and said it will never ask for private keys, seed phrases, wallet credentials or asset transfers.
The latest notice followed another warning about rising scam activity. SecondFi said fake accounts and impersonators have been targeting users after the exploit. It also told users not to deposit more funds into existing SecondFi wallets until further notice.
Exploit drained 16 million ADA from 374 addresses The case began after attackers drained about 16 million ADA from 374 addresses between June 21 and June 23. The value stood near $2.4 million at the time of the reported theft.
SecondFi has linked the issue to its own Cardano wallet generation software. As crypto.news reported, the project said the problem was limited to its native Cardano web wallet generation software and that affected services had been paused.
EMURGO CEO Phillip Pon later said the company had completed a forensic review, checked wallet balances and found what he called a “clear recovery solution.” The company expects one week to build the recovery system and another week to test it before returns begin.
SecondFi also moved about 129 million ADA to an independent third-party custodian as an emergency measure. The company said it took that step to keep more assets away from attackers while it reviewed the breach.
Outside report questions wallet code A report from Tibane Labs gave a more detailed account of the possible technical fault. The firm said the breach came from an unaudited third-party SDK that replaced EMURGO’s audited signing code on June 8.
Security researcher Taylor Monahan also criticized the wallet code, saying SecondFi “rolled their own crypto.” The comment added pressure on the project because Yoroi, now SecondFi, had served Cardano users for years before the rebrand.
The full cause still needs an official technical report from EMURGO or SecondFi. Until then, users only have public updates, outside analysis and the project’s recovery notices to follow.
Users wait for wallet checker and safe exit steps SecondFi’s next key step is the wallet check mechanism expected by early next week. That tool should help users know whether they are part of the affected group before any recovery action begins.
The project has asked users to use only official channels and support tickets. That warning matters because wallet hacks often attract fake recovery links, phishing forms and accounts asking for seed phrases.
For now, affected users should not sign new transactions or move assets without official guidance. SecondFi says the recovery depends on the current state of compromised wallets, so early action may create more risk.
The case now tests whether SecondFi can return funds safely while explaining what failed. It also adds fresh concern for Cardano users as ADA trades near multi-year lows and wallet security remains under review.
Costco Wholesale (COST +1.13%) stock hit $1,000 for the first time in February 2025, but it's been up and down since then as the market accounts for changing economic trends.
Costco itself has been demonstrating outstanding performance the whole time, though, and the market has been feeling more positive about it.
Can it get back to $1,000 again before the end of the year?
Image source: Getty Images.
The "inflation-proof" model Costco is often called a "recession-proof" or "inflation-proof" stock because it can do well in adverse circumstances. In fact, the company often does even better in rough economies, because that's when its customers need it even more.
The company strives to offer the best prices possible, and it markets products in bulk and in bare-bones warehouses to cut out extraneous costs. It marks up prices to cover whatever associated costs remain, and it makes money from annual membership fees. Loyal customers make the most of their memberships when every penny counts, driving high volume when things are toughest.
That's why sales growth is accelerating as inflation persists. Revenue increased 11.6% year over year in the 2026 fiscal third quarter (ended May 10), and comparable sales (comps) were up 9.8%. Earnings are also rising despite rising costs, and earnings per share (EPS) rose from $4.28 last year to $4.93 this year in the third quarter.
What's happening next The market seems less worried about how inflation will impact Costco as it sees Costco thriving. Management noted that its gas stations are attracting new business with higher oil prices, and these members usually buy more in stores, too. As oil prices come down, some of the people who went out of their way to fill up at Costco might not continue to do so, which could be a headwind, but it could also prove to be sticky as these members appreciate the value.
Today's Change
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Management has been working on various digital services, including e-commerce and online registrations, that are adding to the mix. E-commerce sales increased 21.5% year over year in the third quarter, and online registrations are attracting younger shoppers.
New member growth was slightly lower than usual at 4.1%, but management didn't seem worried about the long-term impact. It's expecting to open about 30 stores annually over the next few years, which should lead to more sign-ups and higher sales.
Costco stock's recent drop is more about sentiment than performance or opportunity. It trades at a high P/E ratio of about 48, which makes it susceptible to falling if there's anything the market doesn't love.
The stock recently was only 4% off $1,000, and it can just as easily rise on sentiment, too. Plus, it still has several earnings updates to provide before the year is out, and at the lower valuation, it has more wiggle room, so I can see it reaching $1,000 by the end of the year.
Costco Wholesale (COST +1.13%) stock is trading for $954 per share today, June 26. Some investors think that's expensive, but I'm not terribly concerned about the price.
I mean, the stock looks pricey by pretty much any metric, especially in the context of its discount-retailer peers. From Walmart and Target to Dollar Tree and PriceSmart, they all trade at lower price-to-whatever ratios than Costco. This is true for price to earnings, price-to-book value, even the growth-adjusted price-to-earnings-to-growth (PEG) ratio.
But the warehouse club has earned its lofty valuation ratios with fantastic business results, and I'm convinced that the best is yet to come. Here's why I expect Costco's stock to rise in the next five years, even from this high-priced starting point.
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10.64
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Wall Street loves Costco, too I'm far from the only Costco bull out there.
Wall Street agrees. The average analyst firm holds a buy rating on Costco's stock, with a consensus price target 14% above current levels. The true bears are few and far between. About 1.8% of Costco's shares are on loan to short-sellers, just below Walmart's 1.9%. No other discount retailer stands below 3.6% on this metric. The premium stock price is no accident. Costco wouldn't trade at 48 times trailing earnings and 48 times free cash flow if Wall Street were skeptical as a whole. There's still bullish momentum behind Costco. Despite its pricey valuation ratios, the stock has outperformed the S&P 500 and Nasdaq Composite market indexes in 2026. What makes Costco's stock worth the splurge Of course, having plenty of investors on my side of the bull/bear fence doesn't prove I'm right. The majority can be wrong in the long run, and so can the Street's experts.
So, let me translate "premium valuation" into plain English: Costco has earned the right to be expensive on Wall Street.
Its 82.9 million paid members keep coming back. The 92.2% renewal rate in the U.S. and Canada isn't just a number; it's a loyalty metric that most subscription businesses would trade their TikTok accounts for.
Membership fee income rose 10.7% to $1.37 billion in May's third-quarter 2026 report. These fees carry near-100% margins and fund aggressive price investments that competitors can't match. Without the paid loyalty program, Costco's store prices would be higher, and its profits would be even lower.
Image source: The Motley Fool.
Costco is going global, one warehouse at a time The store network keeps expanding. Management targets 30+ net new warehouses annually over the coming years, with international growth accelerating in China, Spain, France, and Canada. Relocations to larger facilities with expanded gas stations are also driving higher volumes at existing locations.
Costco's tech upgrades are actually working. Its members now get same-day delivery in under 45 minutes. Artificial intelligence (AI)-powered product pages are generating triple-digit website traffic growth. Costco isn't exactly a tech company, but it's spending like one and seeing substantial returns on the investment.
The bottom line on Costco's big price tag My headline said you can buy a share of Costco for under $1,000. Should you, though?
Costco's stock looks expensive until you consider what you're paying for: a membership-based cash machine with pricing power, international runway, and technology momentum. The premium valuation reflects premium execution.
So, the answer is yes. Costco's stock only looks high-priced at a glance. Dig deeper, and you'll see why it should keep rising over the next five years.
Micron Technology's (MU 6.59%) spectacular third-quarter earnings report last week shouldn't have surprised anyone. All the signs of a blowout quarterly update were in place well before the memory chipmaker announced its results. I predicted that the stock would soar after its Q3 update and was proven right -- but that didn't require Nostradamus-like prophetic skills.
There was more exciting news than the tremendous recent revenue and profit growth in Micron's latest earnings call, though. The company just revealed a massive multi-decade growth opportunity. It's not AI data centers. It might even be bigger.
Image source: Getty Images.
The robots are coming If you weren't paying close attention to Micron CEO Sanjay Mehrotra's comments, you could have easily missed something really important for his company's growth prospects. In his prepared remarks, Mehrotra stated, "Exciting possibilities enabled by robotics and humanoids, as well as fully autonomous vehicles, portend a robust long-term demand environment for memory and storage."
A few minutes later, he added more color, saying, "Humanoid robots carry 10 times the amount of memory as an average L2+ vehicle, and we expect a sustained, substantial, multi-decade memory demand cycle to begin in the latter part of this decade." That's indeed exciting if you're a Micron shareholder.
Mehrotra's reference to the "average L2+ vehicle" was about vehicles with partial driving automation or greater levels of driving autonomy. These vehicles already use more than five times as many memory chips as the average car today. But, as Micron's CEO mentioned, humanoid robots have 10 times more memory than that high level.
Most of the world's largest robotics companies today focus on industrial robots. However, others, including Agility Robotics, Boston Dynamics (owned by Hyundai), Figure AI, and Tesla (TSLA +1.38%), are pioneering advanced humanoid robots that hold tremendous potential.
How many humanoid robots could walk among us in the future? Bank of America (BAC 0.53%) predicts that the number of robots globally could reach 300 million by 2040. The humanoid robot population could top 3 billion by 2060, with more people owning robots than cars.
Today's Change
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-6.59
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-80.00
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1133.56
Goodbye, cyclicality? Despite Micron's sizzling performance over the past 18 months, its shares still trade at only around nine times forward earnings. Why is the company's valuation so low? Micron remains a cyclical stock in most investors' eyes. They expect the current supply demand imbalance that is fueling the company's growth to level off within the next few years.
But the promise of a huge new market for humanoid robotics could change the dynamics for Micron. Note that Mehrotra said that this new demand cycle should "begin in the latter part of this decade." The timing could be perfect for Micron if the current AI data center boom moderates around that time, as some expect.
Micron just might be about to say goodbye to the cyclicality of the past. If so, the stock's recent gains could be just the tip of the iceberg.
Bank of America is an advertising partner of Motley Fool Money. Keith Speights has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Micron Technology and Tesla. The Motley Fool has a disclosure policy.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Zillow To Contact Him Directly To Discuss Their Options
If you purchased or acquired Class A or Class C Zillow common stock between February 11, 2025 and May 7, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - June 28, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Zillow Group, Inc. ("Zillow" or the "Company") (NASDAQ: ZG) (NASDAQ: Z) and reminds investors of the August 10, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Zillow's agreement with Redfin was not a "partnership," but rather an acquisition of Redfin's business; (2) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (3) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (4) as a result, Defendants' statements about Zillow's business, operations, and prospects, were materially false and misleading and or lacked a reasonable basis at all relevant times.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Zillow's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Zillow class action, go to www.faruqilaw.com/Z or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Frequently Asked Questions (FAQ) for Investors Regarding the Zillow Securities Class Action Lawsuit:
What is the Zillow securities fraud lawsuit about?
The lawsuit alleges Zillow misrepresented its agreement with Redfin as a partnership, understated antitrust and regulatory risks, and downplayed potential legal exposure, making statements about its business and prospects allegedly misleading.
Who may be eligible to participate in the lawsuit?
Investors who purchased or acquired Zillow Class A or Class C common stock (NASDAQ: Z, ZG) between February 11, 2025 and May 7, 2026 may be eligible to participate if they suffered losses related to the alleged misconduct.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff represents the interests of the proposed class and helps oversee the litigation. Investors seeking appointment must file a motion with the court by August 10, 2026. Investors can share in any recovery without serving as lead plaintiff.
What should investors do if they purchased Zillow stock during the Class Period?
Investors should review their transaction records, preserve relevant documents, and evaluate their legal options. Those who suffered losses may wish to consult counsel regarding participation in the lawsuit or seeking lead plaintiff status before the deadline.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Zillow securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303119
Source: Faruqi & Faruqi LLP
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Eli Lilly saw its biggest gain of 7% in yesterday's trading session since early February, when it jumped 10% on the release of 2025 results. While LLY's gains outstripped peers, it was hardly alone in advancing, with stocks like JNJ and ABBV up too, reflecting a broader momentum for the soft healthcare sector YTD. The company's own developments in segments like oncology and neuroscience set LLY apart from the healthcare pack, though, as they highlight its potential beyond the weight loss market.
If you own any Bitcoin, it hasn't been an easy ride over the past eight months. Since the top cryptocurrency reached a peak price of $126,198.07 in October last year, it has fallen 52% (as of June 24).
As the world's largest holder of Bitcoin, with 847,363 units on the balance sheet, it has been an even more troubling period for Strategy (MSTR 3.54%), formerly known as MicroStrategy. The enterprise software business, which morphed into a Bitcoin treasury company, has seen its share price skyrocket 723% in the past six years. But it's 80% off its record. And it now trades below $100 for the first time since early 2024.
Is Strategy a buy, sell, or hold right now?
Image source: The Motley Fool.
Weak sentiment for digital credit One of the most impactful ways Strategy has accumulated Bitcoin recently is through its STRC perpetual preferred equity offering, a move billionaire founder Michael Saylor calls digital credit. Launched in July 2025, it has raised $10.5 billion in capital thus far. This makes it one of the biggest preferred equity offerings ever.
This financial instrument, designed for those seeking a steady income, is intended to eliminate the volatility and risk of principal loss characteristic of Bitcoin. Investors who own one share of STRC currently receive $11.52 in annual dividends. The effective yield is 15.4%.
While STRC is meant to trade at a par value of $100, it has sold off dramatically since late May. Its price is now $74.57, indicating weakening sentiment toward the company's overall financial durability. This doesn't present Strategy with supportive market conditions to raise capital through STRC.
However, Strategy has yet to miss a dividend payment on STRC or any of its other preferred equities. Now that it has moved to semimonthly dividends, the next payout will be on July 15. Assuming the business can fulfill this obligation, it will be a clear signal to the market that Strategy's financial engine still works.
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High risk, high reward This is an extremely volatile stock. Strategy is essentially a levered bet on the price of Bitcoin, giving investors greater upside and downside exposure to the world's most valuable cryptocurrency, which itself is very volatile.
If investors liked Strategy stock when it was trading at a much higher price, it introduces an even more compelling opportunity while shares are around $94. The company's diluted market cap of $29.4 billion is near an all-time low level relative to the $51.6 billion worth of Bitcoin on its balance sheet. And the company has a cash reserve of $1.4 billion it can tap if needed to fund obligations.
Long-term investors with the patience to wait for market sentiment to improve should consider buying shares. But it's important to size the position appropriately.
AGNC Investment (AGNC +2.59%) pays a very lucrative monthly dividend. The real estate investment trust (REIT) yields over 13.5%. That's more than 10 times higher than the S&P 500's 1.1% yield.
The mortgage REIT has maintained its monthly dividend since resetting the level in 2020. However, that could be harder to do after the Federal Reserve recently hinted that it might start raising rates instead of lowering them. Here is how this potential headwind could impact its dividend.
Image source: Getty Images.
A potential policy shift The Federal Reserve has been slowly reducing the Federal Funds Rate since September 2024. It had lowered that key borrowing rate by 175 basis points by the end of last year to a range of 3.5% to 3.75%. Most Fed watchers anticipated that it would continue lowering rates this year, likely moving the rate closer to 3% by year's end.
However, the Fed has stood pat so far this year amid the war in Iran, which has put upward pressure on inflation. Core inflation, the Fed's preferred measurement, reached 3.4% last month, its highest reading since October 2023. As a result, the Fed has removed key language from its policy statement that indicated a bias toward future rate cuts, while hinting at the possibility of hikes.
This sentiment shift has impacted the Agency MBS market (AGNC Investment's sole focus). CEO Peter Federico stated on the first-quarter conference call that, heading into the year, the market assumption was that there would be about $250 billion of Agency MBS supply, with mortgage rates just below 6%. However, with mortgage rates now in the 6.5% range, MBS supply could be $50 billion to $70 billion lower this year. The higher yields on new MBS put downward pressure on the value of legacy MBS with lower yields. If the Fed does raise rates, mortgage rates would likely rise more, further pressuring MBS values.
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0.28
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10.89
Still commanding a premium This year started positively for the MBS market as the Trump administration focused on reducing interest rate volatility and improving housing affordability. However, the war with Iran turned sentiment negative in March amid increased volatility. This impacted the value of AGNC's MBS portfolio, as its tangible book value declined by 5.6% to $8.38 per share.
However, while its book value declined, the REIT's stock price continued to trade at a premium to book, which it capitalized on by issuing $400 million in new shares during the period. It was able to deploy that capital at a levered return of around 16%, making these new investments accretive compared to its 13.5% dividend yield at the time. With its share price currently above $10.50 apiece, the REIT can continue to sell stock at a premium to its book value to make accretive new investments.
A higher risk, high-yielding dividend stock Changes in interest rates impact the value of AGNC Investment's MBS portfolio. The REIT, like most Fed watchers, expected that rates would fall this year, increasing the supply of lower-rate MBS. However, the Fed recently hinted that it might resume rate hikes amid the war-driven inflationary uptick. While that would put more downward pressure on the value of its portfolio, the REIT can still issue stock at a premium to buy higher-yielding MBS, which could enable it to continue maintaining its dividend. Even still, it's a higher risk, high-yielding income stream that income investors might not always be able to bank on in the future.
Key Takeaways BNB serves multiple functions including trading fee reductions, staking rewards, DeFi applications, gaming utilities, and payment solutions within Binance’s infrastructure Regular token burn events each quarter progressively decrease BNB’s circulating supply, aiming to halve the total from 200 million down to 100 million coins Conservative projections for 2031 place BNB between $1,200–$1,800, assuming steady market conditions without major disruptions Optimistic scenarios suggest $2,500–$4,000 valuations if BNB Chain gains widespread adoption and institutional interest accelerates Regulatory challenges pose the greatest threat, with pessimistic forecasts estimating $400–$600 price levels Binance Coin has consistently ranked among the strongest-performing major cryptocurrencies in recent years. Projecting its value through 2031 requires examining several critical variables.
BNB Price BNB maintains an intrinsic connection to the Binance platform. Countless traders hold the token to benefit from reduced transaction fees, participate in initial exchange offerings, cover network fees on BNB Chain, and utilize various Binance services.
This practical use case provides BNB with tangible value that distinguishes it from purely speculative digital assets.
$BNB 10-Year Roadmap: Year By Year, Built From Real History
Year Cons. Base Aggr.
2026 $583 $583 $583
2027 $630 $670 $729
2028… pic.twitter.com/7bVbpFcd7z
— Crypto Patel (@CryptoPatel) June 21, 2026
Additionally, Binance implements a systematic quarterly burn mechanism. Every three months, a portion of tokens gets permanently eliminated from the available supply. The ultimate objective is reducing total token count by 50% — decreasing from 200 million to 100 million BNB.
This deflationary mechanism, combined with sustained market demand, forms the foundation of BNB’s long-term valuation thesis.
Moderate Scenario: $1,200 to $1,800 The most probable outcome for 2031 positions BNB trading within the $1,200 to $1,800 corridor. This forecast presumes Binance maintains its position among leading cryptocurrency exchanges worldwide while digital asset adoption continues expanding at moderate rates.
This valuation bracket corresponds to a market capitalization ranging from approximately $180 billion to $270 billion. Considering the trajectory of cryptocurrency markets, these figures remain achievable.
This scenario doesn’t demand extraordinary developments. It simply requires consistent user base expansion and ongoing supply reduction through burns.
Optimistic Scenario: $2,500 to $4,000 Under favorable conditions, BNB could climb to anywhere between $2,500 and $4,000. This projection assumes heightened institutional participation in cryptocurrency markets, BNB Chain establishing itself as a dominant infrastructure for decentralized applications and commerce, and continued aggressive token burning.
Such pricing would translate to market capitalization between $375 billion and $600 billion. While substantial, these figures don’t necessitate BNB surpassing Bitcoin or Ethereum in total value.
Primary Concern: Regulatory Pressure BNB lacks the decentralized structure characteristic of Bitcoin. Its fortunes remain tightly bound to Binance’s corporate operations.
Should regulatory authorities impose restrictions on Binance across significant jurisdictions, exchange activity could decline substantially, pulling BNB demand downward correspondingly.
In a pessimistic scenario, BNB might trade between $400 and $600 by 2031.
The probability-adjusted price projection from this assessment centers around $1,650 for 2031. BNB’s future valuation depends more heavily on Binance’s operational success than on market speculation alone.
0.2. Key Takeaways0.4. Crypto Market Snapshot — June 28, 20260.6. Fear & Greed Index: 18 — Cycle Low Sentiment0.8. Bitcoin: Flat at $60,251, Tight MA Cluster Unresolved0.10. Ethereum: $1,579, Tightest MA Compression of the Cycle0.12. XRP: $1.05, Struggling to Hold Above $1.040.14. Solana: $71.66, Holding Gains From Friday's 6.71% Surge0.16. BNB: $556, Weakest Large-Cap on June 280.18. TRON: $0.3215, Only Top-8 Asset Green on Both 24h and 7d0.20. Hyperliquid: $62.89, Quietly Holding Despite Market Pressure0.22. Dogecoin: $0.07401, Worst Weekly Performer in Top 100.24. Macro Context: What Drives the Week Ahead0.26. Today's Market in One Paragraph Bitcoin is trading at $60,251 on June 28, 2026 — effectively flat on the day at 0% change — as the crypto market enters weekend trading with no directional momentum and the Fear & Greed Index falling to 18 (Extreme Fear), its lowest reading since the current correction began. Total crypto market cap holds near $2.1 trillion. Volume across the board is sharply lower: BTC volume dropped 52%, ETH volume fell 45%, SOL volume fell 51% — a pattern consistent with low-conviction weekend consolidation after last week’s high-volatility sessions.
Key Takeaways Bitcoin flat at $60,251 on June 28; total market cap ~$2.1T; Fear & Greed Index at 18 — cycle low reading ETH $1,579 (+0.08%), XRP $1.05 (–0.14%), SOL $71.66 (–0.01%), BNB $556 (–1.32%), TRX $0.3215 (+0.27%) Volume collapse across all assets: BTC –52%, ETH –45%, SOL –51% — weekend low-conviction consolidation Fear & Greed dropped from 23 last week → 15 yesterday → 18 today; all four readings Extreme Fear CLARITY Act Senate floor vote window narrows: August recess is the hard deadline; Polymarket at 48% American Reserve Modernization Act full text published — 20-year BTC lock-up confirmed TRX is the only top-8 asset in positive territory on both 24h and 7d basis — USDT settlement demand persists Crypto Market Snapshot — June 28, 2026 AssetPrice24h7dMarket CapVolume (24h)Bitcoin (BTC)$60,2510.00%–5.76%$1.2T$14.65BEthereum (ETH)$1,579+0.08%–8.47%$190.64B$5.93BTether (USDT)$0.9985+0.01%–0.03%$186.06B$36.92BBNB$556.32–1.32%–5.37%$74.98B$846.66MUSDC$0.99960.00%–0.03%$73.72B$4.87BXRP$1.05–0.22%–8.05%$65.47B$1.07BSolana (SOL)$71.66–0.01%–2.27%$41.61B$1.68BTRON (TRX)$0.3215+0.27%–1.69%$30.49B$467.04MHyperliquid (HYPE)$62.89+0.07%–7.39%$15.91B$324.93MDogecoin (DOGE)$0.07401–1.66%–10.81%$12.62B$452.07M Fear & Greed Index: 18 — Cycle Low Sentiment The Fear & Greed Index printed 18 on June 28 — the lowest reading of the current correction cycle. Yesterday’s reading was 15, the absolute bottom; last week it was 23; last month also 23. All four readings are in Extreme Fear territory, meaning crypto market sentiment has been in its worst zone for at least a full month without relief.
Historically, sustained Extreme Fear readings below 20 have appeared at or within days of major Bitcoin cycle bottoms. The 2022 bear market bottom was accompanied by a Fear & Greed reading of 6. The March 2020 COVID crash bottom saw a reading of 8. A reading of 15–18 does not guarantee a bottom — but it does signal that retail sentiment has been maximally compressed, and that the marginal seller is increasingly exhausted.
The context matters: BTC held $58,115 as its intraday low on June 26 and has not returned to that level across two subsequent sessions. A Fear & Greed reading of 18 with price holding above its recent low is a divergence — sentiment is making new lows while price holds. That divergence, if it persists, is historically one of the most reliable leading indicators of a sentiment reversal.
Bitcoin: Flat at $60,251, Tight MA Cluster Unresolved Bitcoin is trading at $60,251 on June 28 — effectively unchanged on the day — with the unresolved MA compression from Friday night still in play. MA(25), MA(7), and MA(99) remain stacked within $400 of each other above current price. Weekend volume at $14.65 billion (52% lower than yesterday) confirms this is consolidation, not distribution.
The $58,115 June 26 intraday low has now held across three consecutive sessions — a constructive technical development. Bitcoin’s 7-day performance of –5.76% reflects the June 26 capitulation day rather than the current trajectory. The week ahead — with the CLARITY Act Senate floor vote window narrowing before August recess and the American Reserve Modernization Act in committee — is the most important legislative week for BTC price in 2026.
Ethereum: $1,579, Tightest MA Compression of the Cycle Ethereum is trading at $1,579 on June 28, up just 0.08% — the quietest session since the June correction began. Volume at $5.93 billion is 45% lower than the prior session. ETH’s 7-day loss of –8.47% is the worst among the top-8 assets, reflecting the magnitude of the June 26 selloff to $1,512.
The MA compression on ETH mirrors Bitcoin: MA(25) at $1,584, MA(7) at $1,591, and MA(99) at $1,602 are all within $23 of each other. A weekend resolution above MA(99) at $1,602 would be the first bullish technical signal in two weeks. The structural demand picture remains intact: 32% of ETH supply is staked and illiquid, BitMine’s 5.67 million ETH (4.7% of supply) is now permanently embedded in Russell 1000 passive funds, and the Ethereum Foundation’s 40% spending cut has reduced treasury sell pressure.
XRP: $1.05, Struggling to Hold Above $1.04 XRP is at $1.05 on June 28, down 0.22% on the day and –8.05% on the week — the second-worst weekly performer after Ethereum among top assets. Volume at $1.07 billion is 45% below the prior session. The $1.00 psychological floor has been defended across three consecutive sessions following the $1.0092 intraday low on June 26, but the recovery momentum from Friday’s bounce to $1.0756 has faded.
XRP remains the asset most sensitive to CLARITY Act news among the top-10. With Senate passage odds at 48% on Polymarket and the August recess hard deadline approaching, each week without a Senate floor vote commitment represents time eroding the 2026 window. The fundamental case — XRPL’s $3.5 billion tokenized real-world asset base, $1.72 billion RLUSD market cap, Ripple Prime’s DTCC NSCC inclusion — remains structurally intact but has not yet translated into price performance.
Solana: $71.66, Holding Gains From Friday’s 6.71% Surge Solana is trading at $71.66 on June 28, essentially flat (–0.01%) after Friday’s 6.71% surge from the $64.04 cycle low. Volume at $1.68 billion is 51% lower than the prior session — typical weekend consolidation after a high-volume recovery day. The 7-day performance of –2.27% is the best among the top-8 non-stablecoin assets, confirming SOL led the recovery from the June 26 lows.
Price is holding above all three moving averages following Friday’s bullish MA alignment restoration. The $70.00 level — roughly where MA(25) sits — is the key support to defend on any weekend pullback. The 100-billion-transaction milestone crossed on June 26, and the Alpenglow upgrade targeting Q3 2026 mainnet remain the primary fundamental catalysts ahead.
BNB: $556, Weakest Large-Cap on June 28 BNB is the worst-performing top-8 asset on June 28, down 1.32% to $556.32 after the tight consolidation at $565 seen across the prior two sessions broke to the downside. Volume at $846 million is 31% lower. The 7-day loss of –5.37% places BNB in the middle of the large-cap pack.
The $540.60 cycle low established on June 26 remains the key structural reference. BNB’s Auto-Burn mechanism and BNB Chain’s stablecoin volume continue to provide fundamental support, but the June 28 session suggests the MA compression resolved to the downside — a return toward $550 is the next support zone to watch.
TRON: $0.3215, Only Top-8 Asset Green on Both 24h and 7d TRON is the standout performer on June 28: $0.3215, up 0.27% on the day and –1.69% on the week — the best 7-day performance of any non-stablecoin asset in the top 10 by a significant margin. The MiCA July 1 enforcement window is now open, and TRON-based USDT settlement volumes continue regardless of crypto market sentiment. TRX’s defensive outperformance through the entire June correction — holding above $0.3186 while BTC lost 10% and ETH lost 18% from their June highs — reflects the structural insulation of utility-driven demand.
Hyperliquid: $62.89, Quietly Holding Despite Market Pressure Hyperliquid (HYPE) at $62.89 is the 9th largest crypto by market cap at $15.91 billion — a position it has consolidated through the June correction. HYPE is down 7.39% on the week but holding above $60.00 psychological support. Hyperliquid’s on-chain perpetuals exchange has consistently posted record volume through 2026, making it the clearest example of a utility-driven DeFi asset with fundamental justification for its market cap position.
Dogecoin: $0.07401, Worst Weekly Performer in Top 10 Dogecoin is down 10.81% on the week and 1.66% on the day to $0.07401 — the worst 7-day performer in the top 10. DOGE has no utility catalyst or fundamental support comparable to other large-cap assets, making it the most sensitive to pure sentiment deterioration. A Fear & Greed reading of 18 (Extreme Fear) is the worst possible environment for meme assets.
Macro Context: What Drives the Week Ahead Three catalysts define the week of June 28 for crypto markets:
CLARITY Act floor vote timing. The August recess hard deadline means every week of June and July without a confirmed Senate floor vote date erodes the probability window. A Majority Leader floor scheduling announcement would immediately move CLARITY Act odds on Polymarket and cascade through BTC, ETH, XRP, and SOL simultaneously.
American Reserve Modernization Act. The full text of H.R. 8957 — with its 20-year BTC lock-up and proof-of-reserve mandates — is in committee. Any advancement to a floor vote would be the most significant Bitcoin-specific legislative event of the cycle.
Fed speakers and PCE data. With PCE at 3.6% and nine FOMC officials projecting a rate hike, any Fed speaker comments softening the hawkish stance would be the most powerful macro catalyst for a crypto recovery. The next PCE data release and FOMC minutes are the key data points to monitor.
Today’s Market in One Paragraph The crypto market on June 28, 2026 is defined by three words: low volume consolidation. Bitcoin flat at $60,251, Ethereum barely positive at $1,579, Solana holding Friday’s recovery gains, and TRON outperforming everything. The Fear & Greed Index at 18 is the deepest Extreme Fear reading of the cycle — but price has held the June 26 lows across three sessions, creating a sentiment-vs-price divergence that historically precedes recoveries. The week ahead is the most important legislative week of the year for crypto: CLARITY Act timing, the American Reserve Modernization Act, and any Fed pivot signals will determine whether the $58,115–$60,000 range becomes the base of a recovery or gives way to a deeper test of $55,000–$56,000.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In ZoomInfo To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in ZoomInfo between November 3, 2025 and May 11, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - June 28, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against ZoomInfo Technologies, Inc. ("ZoomInfo" or the "Company") (NASDAQ: GTM) and reminds investors of the August 24, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose the true state of ZoomInfo's slowing growth, its legacy seat-based subscription platforms and weakening customer retention in its downmarket segment. Further, the Company minimized concerns that customers were moving towards consumption-based usage models and developing internal AI-driven go-to-market solutions. Such statements absent these material facts caused Plaintiff and other shareholders to purchase ZoomInfo's securities at artificially inflated prices.
On May 11, 2026, after the market closed, ZoomInfo announced its first quarter 2026 financial results, unveiling a sharp decline in growth outlook and accordingly lowered its 2026 full year financial guidance, and announced it was realigning its downmarket business, laying off 20% of its workforce, and expecting to incur approximately $45-60 million in restructuring costs.
On this news, ZoomInfo's stock price fell $1.98, or approximately 33%, to close at $4.06 per share on May 12, 2026.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding ZoomInfo's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the ZoomInfo class action, go to www.faruqilaw.com/GTM or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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Frequently Asked Questions (FAQ) for Investors Regarding the ZoomInfo Securities Class Action Lawsuit:
What is the ZoomInfo securities fraud lawsuit about?
The lawsuit alleges that ZoomInfo Technologies, Inc. (NASDAQ: GTM) and certain of its officers and directors violated federal securities laws by making materially false and misleading statements to investors during the class period. Specifically, the complaint alleges that defendants issued overwhelmingly positive statements while allegedly concealing the true extent of slowing growth in ZoomInfo's legacy seat-based subscription platforms and weakening customer retention in its downmarket segment. The complaint further alleges that defendants minimized concerns that customers were shifting toward consumption-based usage models and developing internal AI-driven go-to-market solutions, which allegedly masked material adverse trends affecting the Company's business. On May 11, 2026, after markets closed, ZoomInfo allegedly disclosed the severity of these conditions when it announced sharply lowered full-year 2026 guidance, a realignment of its downmarket business, a workforce reduction of approximately 20%, and anticipated restructuring costs of approximately $45-60 million — news that allegedly caused the Company's stock to decline approximately 33% the following trading day.
Who may be eligible to participate in the lawsuit?
Investors who purchased or otherwise acquired ZoomInfo Technologies, Inc. (NASDAQ: GTM) securities during the class period — between November 3, 2025 and May 11, 2026, inclusive — may be eligible to participate in this lawsuit. Eligible investors are not limited to those who seek appointment as lead plaintiff; any class member who suffered losses during the class period may potentially share in any recovery obtained on behalf of the class. Investors are encouraged to review their trading records to determine whether their purchases fall within the applicable class period dates. Participation in the litigation does not require that an investor take an active role in the case or incur out-of-pocket legal expenses to be considered a potential class member.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff is a court-appointed representative who acts on behalf of all class members in directing the litigation, including selecting and overseeing class counsel and making key strategic decisions in the case. Under the Private Securities Litigation Reform Act, any investor who purchased ZoomInfo Technologies securities during the class period and suffered a loss may move the court for appointment as lead plaintiff. The deadline to file a motion seeking lead plaintiff appointment is August 24, 2026. Importantly, investors are not required to serve as lead plaintiff in order to be eligible to share in any recovery that may result from the litigation; the vast majority of class members participate without taking on that representative role.
What should investors do if they purchased ZoomInfo stock during the Class Period?
Investors who purchased ZoomInfo Technologies, Inc. (NASDAQ: GTM) securities between November 3, 2025 and May 11, 2026 should promptly review their brokerage and account records to confirm the dates and prices of any relevant transactions. Investors are strongly encouraged to preserve all documentation related to their ZoomInfo securities purchases, including trade confirmations, account statements, and any communications concerning those investments. Given that the lead plaintiff motion deadline is August 24, 2026, investors who wish to explore their legal options — including the possibility of seeking appointment as lead plaintiff — should act in a timely manner. Investors may wish to consult with Faruqi & Faruqi, LLP or other qualified securities counsel to evaluate their rights and potential claims prior to that deadline.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased ZoomInfo securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303155
Source: Faruqi & Faruqi LLP
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Tokenized Stocks Aim to Unlock Global Equity Access“There’s actually about four billion people in the world today who are unbrokered,” Armstrong said in an episode of Sourcery with Molly O’Shea that aired on Saturday. “Half the planet basically can’t get access to any high-quality U.S. companies to invest in. They’re stuck holding cash and lower-quality investments.”
“That’s going to totally change the world,” Armstrong said of the shift to tokenized equities on modern financial rails.
Armstrong pointed to the pending Clarity Act, which he described as "right on the horizon," as the next crypto bill expected to speed up adoption of tokenized equities, similar to how the Genius Act supported stablecoins.
“If you survey Americans, something like 83% of them say that the financial system is not currently working for them,” Armstrong said, highlighting that the access issue extends beyond emerging markets.
Recent market data also supports Armstrong’s point, indicating tokenized stock trading volumes have reached record levels, signaling growing institutional and retail interest in blockchain-based equity exposure.
Photo Courtesy: Shutterstock By Thrive Studios ID
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Roughly two years ago, one of the highest-priced stocks on the market, Chipotle Mexican Grill (CMG +3.41%), got a whole lot cheaper.
The restaurant chain stock, which had been trading at more than $3,200 per share as of June 25, 2024, underwent a 50-for-1 stock split on June 26, 2024. That meant that for every share investors held at the time, they received 49 more shares as the shares were split evenly 50-for-1.
Image source: Getty Images.
The historic split was designed to make the stock more accessible to new investors and Chipotle employees, bringing the share price down to about $66 per share.
Typically, a stock split generates investor buzz, more investments, and a spike in the stock price. Many investors thought Chipotle stock would get a bump as it had been red hot at the time, rising about 450%, or 19% on an annualized basis, over the previous 10 years as the chain had been rapidly expanding.
But that was not the case.
Cheaper, but still expensive As it turned out, that 50-for-1 stock split was not a launching pad but a peak for Chipotle stock.
One thing some investors at the time might have been skeptical of is its high valuation, as Chipotle stock was trading at around 61 times earnings back in June 2024. Even though the share price came down in the split, the valuation didn't change, and the stock remained highly overvalued.
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Since June 26, 2024, Chipotle stock has plummeted from that split-adjusted price of $66 per share, an all-time high, to just about $31 per share now, a total decline of about 53%, or 31% per year on an annualized basis.
So, if you had invested $10,000 in Chipotle stock at that stock-split price of $66 per share, you would have bought about 152 shares. That $10,000 investment today would be worth less than half that amount, about $4,750.
Is Chipotle finally a buy? Chipotle's two-year decline is due to several factors, primarily its high valuation. But also, the company went through a leadership transition and had been plagued by declining year-over-year same-store sales.
Chipotle had seen less foot traffic as consumers have cut back on eating out due to rising prices and economic stresses. Also, inflation has increased the price of beef, which has impacted Chipotle's bottom line.
But in the first quarter, things started to shift as same-store sales increased 0.5% and revenue rose 7%, year over year. The company is also aggressively opening more new restaurants, which should boost sales. It plans to open 350 to 370 new restaurants in 2026, a record that beats last year's 345 new restaurant openings.
Just as important, the beaten-down stock is now a better value, trading at 28 times earnings. Wall Street is bullish, with analysts rating Chipotle stock a consensus buy and a median price target of $42 per share, implying 33% upside.
I'm still a little wary of the valuation. It could fall a bit further before it starts working its way back up.
Rocket Lab (RKLB +4.67%) stock got hit with another round of big sell-offs this week, falling 25.3% across the stretch. Over the same period, the S&P 500 and the Nasdaq Composite fell 2% and 4.6%, respectively.
While there wasn't any negative, business-specific news for Rocket Lab this week, its share price plummeted as investors moved out of space stocks and reacted to trends in the broader market. With this week's pullback, the stock is now down 44% from the lifetime high it hit earlier this year.
Image source: Getty Images.
Space stocks got hit hard this week The broader stock market saw pronounced bearish momentum this week, and space stocks suffered particularly large pullbacks. Excitement surrounding the initial public offering of Space Exploration Technologies has dissipated, and investors made downward reassessments for valuations across the space industry.
Along with the bearish space stock trend, investors also sold out of many growth stocks in response to concerns that the Federal Reserve could be on track to raise interest rates. Despite the huge sell-off for Rocket Lab, there was actually some good news for the company this week.
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Rocket Lab's business continued to make progress Rocket Lab published a press release on Monday announcing that it had successfully completed the deployment of the Pioneer spacecraft for the U.S. Space Force's Victus Haze mission. The Pioneer was deployed with one of the company's Electron rockets, and the launch was completed within roughly 17 hours of receiving the order from Space Force -- setting a new record for space-mission response time.
The company then announced on Thursday that it had won a contract with NASA for three Electron rocket launches that will be used in the space organization's PoISIR and TSIS-2 missions early next year. The news actually caused a significant rally for Rocket Lab stock late in the week, but investors should move forward with the understanding that space stocks could continue to be highly volatile in the near term.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Rocket Lab. The Motley Fool has a disclosure policy.
Zcash whale Garrett Bullish renewed his bearish stance on ZEC after opening a fresh 2x leveraged short worth $4.92 million at $417.80.
The move followed two successful trades that had already generated $11.66 million in realized profits, reinforcing his reputation for accurately timing previous corrections.
His latest position arrived while he also maintained a 1,268 BTC long worth $76.45 million, although that trade remained roughly $20.90 million underwater.
Such high-profile positioning often shapes market sentiment because many participants closely track his trades before adjusting their exposure.
Buyers kept absorbing ZEC market orders Despite Garrett Bullish’s renewed bearish conviction, derivatives data painted a different picture. The 90-day Futures Taker CVD remained buyer-dominant, showing that aggressive market participants had continued lifting offers instead of hitting bids.
This imbalance suggested buyers had absorbed available liquidity more aggressively than sellers throughout the recent period. Even though ZEC struggled to regain higher price levels, taker activity indicated demand had not disappeared.
However, sustained buying pressure alone had not translated into a decisive trend reversal because broader sentiment remained cautious after the recent decline.
If buyers maintain control of market orders while fresh selling pressure fades, the market could gradually challenge bearish positioning. Otherwise, persistent whale conviction could continue limiting upside despite encouraging order flow.
Source: CryptoQuant Can oversold signals trigger a rebound? Zcash [ZEC] continued trading below its broken ascending channel after failing to reclaim the former support structure.
The breakdown shifted market structure in favor of sellers, leaving $520 as the nearest major resistance while $335.50 remained the next significant support.
However, downside pressure appeared to slow as price stabilized near $413 instead of extending lower. Meanwhile, the Stochastic RSI dropped to 4.03 and 6.45, placing both lines deep inside oversold territory.
Those readings reflected exhausted selling conditions rather than renewed strength.
Unlike the oscillator, the Parabolic SAR remained below the price, indicating that the broader trend still favored buyers despite the recent pullback.
A recovery above the broken channel would strengthen bullish conviction, whereas another rejection could expose ZEC to a retest of lower support.
Source: TradingView Conclusively, Garrett Bullish’s latest multi-million-dollar short has reinforced bearish sentiment, but derivatives data has not fully supported that view.
If ZEC reclaims the broken channel and pushes above $520, the bearish thesis could weaken considerably. Otherwise, failure to overcome resistance would likely keep $335.50 as the next downside target.
Final Summary Garrett Bullish increased bearish exposure, yet futures buyers continued absorbing market selling pressure. The daily chart reflects cautious optimism, though ZEC still trades below important resistance levels.
PANews June 28 news: Zcash founder Zooko posted on X platform that the Coinbase App has started pushing gambling-like features such as sports gambling and Bitcoin price predictions to young, immature, and economically disadvantaged users, and he feels ashamed to be in this industry. In response, Coinbase CEO Brian Armstrong replied that adults should be able to freely spend their own money without harming others. Buying stocks, buying Bitcoin/Zcash early, also looks like "gambling" to many people, risk is subjective. That said, aggressively promoting high-risk products to inexperienced users is still not appropriate. Offering a product and making it the focus of the app are two different things.
Brian Armstrong emphasized that this problem can be mitigated through clear information disclosure, AI-driven financial literacy tools, and personalized experiences. Users can set preferences during registration (e.g., enable/disable certain categories), so the app reflects their wishes without forcing those choices on other users. On topics like sports prediction markets, Brian Armstrong believes that society (through democratic processes) should ultimately decide what behaviors are allowed, and private companies should not be the ones drawing those lines.
Key Takeaways ZEC is currently valued at approximately $388 with a total market capitalization approaching $6.7 billion The moderate scenario projects ZEC reaching $600–$1,000 by the end of 2031 An optimistic scenario envisions $2,000–$3,500 should privacy features gain mainstream adoption A pessimistic outlook anticipates $120–$220 amid intensifying regulatory challenges Weighted average projection indicates approximately $850 as the target price for 2031 Introduced to the cryptocurrency ecosystem in 2016, Zcash emerged as a privacy-centric counterpart to Bitcoin. While Bitcoin operates with complete transaction transparency, Zcash enables users to conduct confidential transfers utilizing zero-knowledge cryptographic protocols.
Zcash (ZEC) Price This positions ZEC as a unique investment proposition. Rather than challenging platforms like Ethereum or Solana, it represents a strategic bet on whether financial confidentiality will resonate with cryptocurrency participants and corporate entities.
Presently trading at roughly $388, ZEC maintains a market valuation close to $6.7 billion, with approximately 16.7 million tokens currently circulating. Mirroring Bitcoin’s economic model, Zcash incorporates a maximum supply ceiling of 21 million coins alongside a halving mechanism that reduces mining rewards approximately every four years.
This is how it looks when you're truly outperforming $BTC 👇
…and $ZEC has done this since 2024 and the level it's sitting right now is the same level as in July 2019.
So basically it's been same weather you held BTC or ZEC since 2019!!!
I´m expecting this pump to continue… pic.twitter.com/q7g3sN0xvN
— Vuori Trading (@VuoriTrading) June 26, 2026
Industry observers from CoinDesk indicated that privacy-oriented cryptocurrencies such as Zcash and Monero were projected to maintain investor interest throughout 2026, despite ongoing challenges related to exchange removals and financial institution restrictions.
Moderate Projection: $600–$1,000 Range The middle-ground forecast for ZEC through 2031 anticipates valuations spanning $600 to $1,000. This translates to a market capitalization between approximately $12 billion and $20 billion.
This pathway doesn’t demand that Zcash ascends into the top tier of cryptocurrency assets. It simply requires maintaining its status as the premier privacy-focused digital asset offering regulatory-compliant optional transparency features.
Three fundamental drivers support this trajectory: expanding privacy consciousness among users, sustained availability on major trading platforms, and robust technical foundations. Zcash’s Bitcoin-inspired monetary policy and proof-of-work consensus mechanism reinforce this projection.
Optimistic Projection: $2,000–$3,500 Range Should privacy emerge as a central theme within cryptocurrency markets, ZEC could potentially climb to $2,000–$3,500. Such appreciation would elevate its market capitalization to the $40 billion–$70 billion territory.
Realizing this scenario requires widespread implementation of confidential transaction features, significant improvements in user interface design, and revitalized institutional participation in privacy-preserving technologies.
Additionally, Zcash would need market recognition as a “privacy-enhanced Bitcoin” rather than merely another aging alternative cryptocurrency.
Pessimistic Projection: $120–$220 Range The downside scenario centers on regulatory enforcement. Privacy-focused cryptocurrencies currently face removal pressures across numerous jurisdictions, representing tangible rather than theoretical risks.
Should major exchanges impose restrictions or completely eliminate ZEC trading pairs, resulting in severely diminished liquidity, valuations could contract to $120–$220 by 2031.
Maintaining access to reputable trading venues constitutes one of the most significant threats to Zcash’s future market value.
Calculating probability-weighted outcomes across these three distinct scenarios yields an approximate target price of $850 for 2031.
