Track market-moving stories before they get noisy

PANews June 28 news, according to Lookonchain monitoring, Machi (Huang Licheng) is selling Bored Ape at a loss to raise funds to go long on ETH on Hyperliquid. Over the past month, Machi sold 34 Bored Apes, totaling 326 ETH (approximately $514,000), incurring a loss of 399 ETH (approximately $631,000). Machi’s biggest loss came from Bored Ape #6057, which he bought four years ago for 76.84 ETH and sold now for only 7.65 ETH, a loss of up to 90%. Meanwhile, Machi has been liquidated multiple times on Hyperliquid. Just 3 hours ago, he was liquidated again, leaving only $81,000 in the account.

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The crypto sector is preparing for huge token unlocks in July 2026. In this respect, July is set to witness a staggering $1.9 billion in token unlocks in renowned crypto coins. As per the data from DefiLlama, CryptoRank, and Tokenomist, the Rain ($RAIN), Hyperliquid ($HYPE), and Pump.fun ($PUMP) are the leading coins set to witness massive token unlocks. These unlocks are anticipated to increase volatility across the market with fresh liquidity.

$RAIN Leads Token Unlocks of July 2026 with $812 Million worth Unlocks Rain ($RAIN) is the top among July’s top token unlocks. It is going to unlock a huge amount of tokens worth up to $812 million. Particularly, the project will unlock 51.8B $RAIN tokens on the 11th of July. The respective amount accounts for 4.51% of the total token supply. 

Hyperliquid ($HYPE) is another crucial project that has scheduled a token unlock for the next month. It will unlock 9.92 $HYPE tokens on the 6th of July. This figure equals 1.038% of the supply and $630M in total value.

Apart from that, on the 12th of July, Pump.fun will unlock 8.94% of its token supply, accounting for 89.38B $PUMP tokens. So, it will unlock a cumulative $117M in terms of overall value. Additionally, Canton ($CC) is currently conducting a daily token unlock, equaling $95.3M. This includes 63.5M $CC tokens, expressing 1.63% of the total supply.

Additionally, World ($WLD) is also going through a daily token unlock comprising $64.9M. This denotes 140.3M $WLD tokens and 1.4% of the supply. After that, TON ($GRAM) is the 6th among the next month’s key token unlocks, with $57.5M set to be unlocked. The respective amount takes into account 36.6M $TON tokens, expressing 0.71% of the supply.

$ADI Bottoms List with $33.6M Set for Token Unlock CryptoRank’s list of unlocks also includes Audiera ($BEAT), which will unlock 21.24M $BEAT tokens ($49.7M) on the 1st of July. Additionally, Official Trump ($TRUMP) is currently conducting a daily unlock of 27.1M $TRUMP tokens ($46.0M), signifying 2.71% of the supply. After that, set for July 3, MemeCore’s ($M) token unlock accounts for 56.1M $M ($39.2M). Concluding the list, ADI Chain ($ADI) will unlock 6.99M $ADI tokens ($33.6M) on July 9.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

Despite strong outflows from US spot Bitcoin ETFs, Bitcoin managed to hold steady above the $60,000 mark on Saturday. In the last 24 hours, Bitcoin rose by 1.44 percent, trading around $60,260. Its daily trading volume reached $30.16 billion, while its market capitalization stood at $1.21 trillion. Controlling 58.1 percent of the total crypto market, Bitcoin continued to set the pace for the broader industry even amid ongoing selling pressure.

Weekly outflows from ETFs accelerateUS spot Bitcoin ETFs recorded a staggering $1.79 billion net outflow last week. This figure ranks as one of the largest weekly withdrawals since these products launched in January 2024. The recent movement has also pushed the total 2026 US spot Bitcoin ETF flow back into negative territory.

These outflows impacted major issuers, including BlackRock’s IBIT fund. IBIT had earlier ranked among 2024’s fastest-growing ETFs thanks to robust inflows from institutional investors. As one of the world’s largest asset management companies, BlackRock brings significant influence to the global ETF market.

Analysts at Glassnode note that this current wave marks one of the lengthiest periods of outflow since spot Bitcoin ETFs began trading, explaining that most investors are now opting to reduce risk rather than buying more at lower levels.

Bloomberg data shows that about $4.5 billion has exited Bitcoin ETF products since the start of the year. This trend points to the scale of institutional selling pressure throughout 2026.

IndicatorDataBitcoin price$60,26024-hour changeUp 1.44%Weekly ETF net flow-$1.79 billion2026 total ETF outflowApproximately $4.5 billionUnderlying market weakness persistsLosses in Bitcoin ETFs have occurred against a backdrop of persistent weakness in the overall crypto market. Since the severe sell-off that began in October, digital assets have struggled to recover. The total market capitalization of all crypto assets has dropped to roughly $2 trillion, a steep fall from its pre-correction peak of over $4 trillion.

A slowdown in investor activity and a waning of institutional interest have made recovery even more difficult. Capital that might have flowed into the crypto sector instead moved toward artificial intelligence-oriented investments and prediction market platforms. This shift redirected funds that could have supported digital asset valuations.

Early investors see gains erasedThe latest wave of selling has hit those who entered Bitcoin ETFs during stronger periods particularly hard. According to Bespoke Investment Group, early investors were up nearly 30 percent by mid-2025. However, Bitcoin’s extended decline has wiped out much of those gains, leaving the average investor facing a loss approaching 40 percent.

Spot Bitcoin ETFs have emerged as a major channel of institutional demand since their approval. High-value outflows from these products may signal weakening professional investor confidence, which could create additional downside pressure on prices.

Still, ETF flows represent just one aspect of the market. Bitcoin has previously rebounded after periods of heavy institutional selling, especially when overall risk appetite improved or new sources of demand appeared.

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.

The pressure from short term Bitcoin investors has surged once again. In the past 24 hours, around 50,000 BTC were sent to exchanges at a loss, marking a significant movement in the market. At the same time, the total market value of short term holders dropped to $237.7 billion, its lowest point since October 2, 2024.

Losses deepen for short term investorsAccording to CryptoQuant analyst Amr Taha, as of June 26, the market value for short term Bitcoin investors fell to $237.7 billion. This measure tracks the value of BTC held by investors who bought within the last 155 days. The current data reveals that the market value for this group has slipped below their cost basis, meaning many recent buyers now find themselves at a paper loss.

The latest drop in short term investor market value stands out not as confirmation of a market bottom, but as a reflection of heightened stress in the market environment.

A similar weakness appeared during the correction of October 2024, when the subsequent reversal established a key bottom for Bitcoin. However, the latest data does not yet indicate a new low; instead, it underscores mounting selling pressure faced by short term investors.

BTC inflows to exchanges hit new highsExchange flows also point to increasing selling pressure. Roughly 50,000 BTC from short term holders was transferred to exchanges at a loss in 24 hours, the largest such move since June 4. Binance alone received approximately 9,500 BTC, the highest such level since June 3 under similar conditions.

This activity suggests that newer investors, who are more sensitive to price swings, are becoming increasingly active on the sell side amid declining prices.

IndicatorLevelComparisonBTC sent to exchanges at a loss50,000 BTCHighest since June 4BTC deposited to Binance9,500 BTCHighest since June 3Short term investor market value$237.7 billionLowest since October 2, 2024Long term holders continue accumulatingBy contrast, long term investors present a more constructive picture. On Thursday, accumulation addresses saw Bitcoin inflows hit a record 181,000 BTC, breaking the previous record of 94,700 BTC from February 2022. These are typically wallets with limited spending history, and the data suggests long term holders are absorbing the supply entering the market.

Glossary: Accumulation addresses refer to wallets that mostly hold incoming assets and rarely spend. An increase in inflows to these addresses, seen in on chain analysis, suggests a growing trend toward long term holding.

The Coinbase Premium Index has remained below zero for 40 consecutive days since May 15, indicating weak demand from professional investors.

Macro data and institutional appetite add market pressureMarket analyst Darkfost noted that institutional appetite for Bitcoin continues to soften. The persistent negativity of the Coinbase Premium Index, which tracks the price gap between Coinbase and Binance, highlights continued discounting on Coinbase—a sign that professional investors are selling more aggressively than retail holders.

Recent US macroeconomic data also reinforced a cautious market mood. Headline PCE inflation reached 4.1 percent, surpassing forecasts of 4.0 percent, while Core PCE rose to 3.4 percent against an expected 3.3 percent. GDP also came in above estimates at 2.1 percent. These figures have dampened hopes for an easing in monetary policy.

Asset manager Bitwise commented that last week’s Federal Reserve meeting only accelerated the central bank’s hawkish stance. The firm noted that policymakers have scaled back expectations for easing and raised the 2026 median federal funds rate forecast from 3.4 percent in March to 3.8 percent. Bitwise also reported continued outflows from crypto investment vehicles like spot ETFs.

Strategy has remained a focal point for the market, accumulating 174,300 BTC in 2026 alone. Bitwise data show that about 96,000 BTC of these purchases were financed by STRC preferred share issuance, with 77,500 BTC supported by MSTR common stock sales. According to CryptoQuant, STRC’s price dropped to $82.5 from its $100 nominal value—a 17.5 percent discount—during last week’s pre market session, sliding further toward $73. The company’s cash reserves have declined by 38 percent since early 2026. Following a $1.5 billion convertible bond buyback, annual dividend obligations jumped from $300 million to $1.2 billion, shortening the dividend coverage period from up to seven years to just 14 months.

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.

Fidelity Digital Assets has pushed back against concerns that Bitcoin’s long-term security will deteriorate as mining rewards decline, arguing in a new research report that the network’s economic incentives remain sufficient to secure the blockchain over time.

The report, authored by Fidelity research analyst Daniel Gray, reiterated the view that Bitcoin’s security depends on more than block rewards. Transaction fees, market incentives and other economic forces continue to encourage miners to secure the network and make sustained attacks prohibitively expensive, it said.

The findings challenge a longstanding criticism that each quadrennial halving weakens Bitcoin’s security by reducing the issuance of new coins. Critics argue that declining block rewards could eventually erode miners’ incentives unless transaction fees grow enough to offset the shortfall.

The issue has become one of the most closely watched long-term questions surrounding Bitcoin (BTC), whose fixed supply schedule gradually reduces new issuance until block subsidies eventually disappear. Whether transaction fees and other incentives can sustain network security remains a central debate among developers and market participants.

Since April 20, 2024, Bitcoin miners have received a subsidy of 3.125 BTC for each block they mine, down from 6.25 BTC during the previous halving cycle. However, Gray argued that lower issuance has not translated into weaker incentives for miners because Bitcoin’s rising price has more than offset the decline in block rewards.

He pointed to the growth in average daily miner revenue, which increased from roughly $26,300 during Bitcoin’s first halving cycle to more than $40.2 million today. “Despite declining issuance, miner incentives — and by extension, network security — historically strengthened alongside Bitcoin's price,” Gray wrote.

Bitcoin’s average daily miner revenue has increased substantially across halving cycles. Source: Fidelity Digital Assets

Public Bitcoin miners face mounting financial pressureWhile Fidelity argues that Bitcoin’s long-term incentive structure remains intact, many publicly traded mining companies continue to face near-term financial pressure. Some industry analysts have described the current environment as one of the most challenging on record, citing lower mining rewards, rising costs and growing competition.

In response, several miners have diversified into artificial intelligence and high-performance computing, leveraging existing power infrastructure and data center assets to meet growing demand for AI workloads rather than relying solely on Bitcoin mining.

A recent report by VanEck estimated that publicly traded miners could require up to $50 billion in additional capital to fully transition to AI infrastructure, underscoring the scale and cost of the shift.

Public miners face a large funding gap in realizing their AI ambitions. Source: Miner Weekly

“A Bitcoin mine can run with relatively simple buildings, modular infrastructure and ASIC fleets that tolerate fast curtailment,” Blocksbridge Consulting wrote in a recent Miner Weekly publication. “AI and HPC facilities require higher standards for uptime, cooling, electrical redundancy, networking and customer support.” 

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Participants in the digital asset sector were busy this week opining on Bitcoin, AI, stablecoins, and quantum resistance before heading off for the July 4 holiday (in the US).

Bitcoin “BTC’s negative premium on Coinbase has been widening — a sign that U.S. institutional buying remains tepid. Meanwhile, Strategy (STRC) briefly dipped below $84. No immediate blow-up risk, but the ‘what if they need to sell?’ overhang is real, and it’s keeping a lid on sentiment.

“On the technical side, BTC remains pinned under its daily 20- and 50-day moving averages, with short-term MAs bearishly stacked and diverging. The daily RSI sits near 40 — weak, but not yet oversold. Bollinger Bands are tilting slightly downward, with the middle band acting as strong resistance.
 
“With bulls struggling for follow-through and bears holding the momentum, BTC will likely continue grinding below resistance, probing for real demand on the downside.”
 
Key Levels:
Resistance: $64,650 / $66,900 / $69,800
Support: $63,500

– Bitfire Group

“Bitcoin dropping in price during its quadrennial bear market phase is the norm, not the exception. Layer in a risk-off move in the overbought chip sector, and it adds to the sell pressure from institutions.

“Retail sees the price going down, and many follow like sheep. The smart money looks at the charts and sees a buying opportunity. Nothing fundamental has changed with Bitcoin; it always has a year-long bear market after the bubble pops.”

– Michael Terpin

“The global tech stock selloff of the last 24 hours has coincided with another bout of de-risking out of digital assets and pushing up options prices. This indicates that investors are paying more for insurance against further potential downside price movements.

“We’ve seen this story several times over the past year alone. Fears over lofty AI valuations and concerns around AI spending have driven risk-off moves in US equities, and those risk-off moves have coincided with a selloff in BTC and crypto, which remain strongly correlated to the S&P 500 and Nasdaq-100. 

“Seven-day at-the-money BTC implied volatility jumped from 35% to 42%, while the volatility premium for downside protection increased once more. The 25-delta put-call skew, a measure of the implied volatility of out-of-the-money calls relative to puts, has fallen from -3% last week to -10% yesterday. 

“We’ve seen OTM puts trade with higher implied volatility than calls for most of this year, unsurprising given how far BTC is from its all-time high. Even brief periods of spot recovery, for example, the May rally back towards $80K, have been unable to drive a meaningful skew back towards call options, further indicating investors’ risk aversion.

“Beyond the recent tech selloff, our data has revealed an interesting trend in volatility and options markets over the first half of 2026, namely the compression in the ETH/ BTC at-the-money implied volatility ratio. 

“Last year, that ratio increased to as much as 2.5, indicating that ETH seven-day options traded with an implied volatility 2.5x larger than similarly dated BTC options. In 2026, however, the ratio spent much of the year hovering between 1.3 and 1.4, driven partly by a compression in ETH volatility towards BTC volatility. One potential factor behind that compression could be the impact of institutional sellers of volatility.

“In a SEC filing covering the period ending Feb. 28, Bitmine, the largest digital asset treasury firm for ETH, announced that the ‘Company began entering into ETH-denominated option contracts, primarily through the sale of put options.’”

“Additionally, there are a number of covered-call style ETH ETFs available, including Grayscale’s ETCO, Global X’s EHCC ETF and Amplify ETFs EHY. We’ve speculated in the past that the structural selling of volatility by digital asset treasuries had been one factor contributing to the oversupply of volatility in BTC options markets, and we could now be seeing something similar in ETH options.”

– Thahbib Rahman, research analyst at Block Scholes

Quantum resilience The US Quantum Resilience Clock just became operational

“The attack will begin quietly, inside traffic that was stolen years earlier and stored in a government warehouse, a hostile intelligence archive, or a private server farm no one was supposed to know existed. The files will look useless at first: encrypted diplomatic cables, defence communications, financial records, source code, identity data, and authentication logs.

“Then, one day, the machines will catch up. What could not be read yesterday will become readable tomorrow. That is the premise behind ‘harvest now, decrypt later,’ and it is why Executive Order 14409, ‘Securing the Nation Against Advanced Cryptographic Attacks,’ matters.

“For years, post-quantum cryptography was treated as a technical issue for standards bodies and cybersecurity teams. Important, but not yet urgent.

“That changed when the United States put dates on the board. Federal high-value assets and high-impact systems must move to post-quantum key establishment by Dec. 31, 2030, and post-quantum digital signatures by Dec. 31, 2031. Federal contractors and suppliers supporting federal systems are increasingly drawn into the same operating environment, with NIST-aligned quantum-resilience expectations likely to influence procurement and compliance requirements well before the deadlines arrive.

“Washington is not moving alone. Australia is telling organizations to stop relying on traditional asymmetric cryptography by the end of 2030. Canada is targeting 2031 for high-priority federal systems and 2035 for the rest of its non-classified government systems.

“The United Kingdom wants discovery and planning finished by 2028, priority migrations completed by 2031, and full migration by 2035. The European Union is coordinating member-state transition plans. France, Germany, and Japan are moving on their own tracks. Different capitals, different bureaucracies, same conclusion: the old cryptographic perimeter is running out of time.

‘The private sector has read the intelligence, too. Google has set its own internal target to migrate systems to post-quantum cryptography by 2029. That is not a symbolic date. At Google’s scale, a cryptographic migration is not a software patch; it is a global logistics operation.

“Ethereum is also preparing for the same threat from a different battlefield. Its quantum-resistance roadmap points toward full post-quantum protection by 2029, including changes to the signatures and cryptographic foundations that secure accounts, consensus, and the network itself.

“One is a hyperscale technology company. The other is a decentralized financial and computing ecosystem. Both are moving before the decade is out. But while a centralized giant can mandate a patch from the top down, a decentralized network faces a massive logistical bottleneck: upgrading immutable infrastructure without fracturing the network.

“The challenge extends beyond replacing one algorithm with another. Cryptographic standards will continue to evolve. New vulnerabilities will emerge. Regulatory requirements will diverge across jurisdictions.

“The organizations best positioned for this transition will not simply deploy post-quantum cryptography. They will build the ability to adapt as cryptography itself changes.

“That is the signal everyone else should be watching. The United States remains the world’s largest economy by nominal GDP and the anchor market for global technology procurement. When Washington sets a deadline, federal vendors hear it first. Then cloud providers hear it. Then banks, defence contractors, telecom networks, energy companies, software platforms, insurers, and capital markets hear it. The deadline does not stop at the federal firewall. It moves through the supply chain.

“The organizations that survive this transition will not be the ones that wait for quantum computers to arrive. They will be the ones who already know where their cryptography lives, which systems depend on it, which vendors can migrate, which certificates need replacement, which devices cannot be upgraded, and which contracts need to change.

“The hard part is not the math. The hard part is the inventory and the agility to act on it. Somewhere inside every enterprise is a forgotten protocol, an old appliance, a buried dependency, or a long-lived certificate that still assumes the future will look like the past. Executive Order 14409 is a warning that it will not.”

– Yoon Auh, founder of BOLTS Technologies

Bank of England’s stablecoin stance “The Bank of England’s decision to remove individual ownership caps and lower reserve requirements is a welcome step forward, but the £40B issuance limit suggests policymakers are still focused on the wrong risk.

“The framework assumes stablecoins primarily compete with domestic bank deposits, when much of the demand is driven by cross-border payments. Migrant workers in the UK send more than £9B abroad each year, often losing 6-8% of every transfer to correspondent banking fees and delays.

“A £40B cap on sterling stablecoins may sound generous, but it effectively keeps the infrastructure at pilot scale while dollar stablecoins issued elsewhere are already supporting real remittance flows.

“We operate under US state licensing through Anzens, where regulators focus on reserve quality, redemption rights and consumer protections rather than imposing artificial limits on growth. The UK now stands alone among major jurisdictions in capping stablecoin issuance in its own currency. That distinction will matter when payment networks and infrastructure providers decide where to invest and build.”

– Shantnoo Saxsena, founder and CEO of Encryptus

“The Bank of England’s reversal is less a change of heart than a recognition of reality: cap what people can hold, and sterling stablecoin activity just moves offshore into dollar coins. The US moved first with the GENIUS Act, the EU with MiCA, both ahead of the UK, and Britain couldn’t afford to regulate itself out of its own market.

“What matters is how they softened it. They scrapped individual holding limits but kept 24-hour redemption, reserve-quality rules, and licensed intermediaries, swapping a cap on users for a cap on issuance (albeit a high one). That’s the right instinct: regulate the rails, not the customer. Manage systemic risk through reserves and redemption, not by throttling adoption.

“So yes, a turning point in intent. But with rules final only by the end of 2026 and launches in 2027, the UK is course-correcting from behind, not leading.”

– Bernardo Brites, CEO of Trace

AI IPOs

“Everyone is focused on whether OpenAI or Anthropic reaches the public markets first, but that assumes the future of AI will be decided by model providers. Whether that’s the right assumption is up for debate.

“If you look at how enterprise technology markets typically evolve, the companies that create the most value are not always the ones building the underlying technology. They’re often the ones that make that technology usable, accessible, and embedded in everyday workflows. Most businesses don’t buy AI because they want access to a model. They buy AI because they want to solve a problem.
 
“An IPO could be an important milestone for OpenAI or Anthropic, but it may also mark the point where the industry starts asking a different question. Not who has the smartest model, but who is actually capturing the value created by AI. Those may not end up being the same companies.”

– Bindesh Vijayan, co-founder and CTO of Myndlab

“Oracle is the first big name to write ‘AI’ into a federal filing as the reason 21,000 people lost their jobs. Read the filing again, though. They spent $1.8 billion on severance and $55 billion building data centers.

“AI didn’t fire those people. A capex bill did, and AI was the cleanest line to write next to the number. When a company needs cash for GPUs, the payroll is the lever, and ‘automation’ is the word that makes the lever look like progress instead of a cut.

“Some of those jobs are genuinely gone. People trained the systems that replaced them, and that part is real. But here’s what I keep coming back to. Once ‘AI did it’ becomes the accepted reason, every board gets permission to cut first and explain later, and nobody asks who could actually still do the work.

“The story flattens 21,000 people into one word. Talent doesn’t disappear when the headcount does. It scatters, and right now there’s no good way to see where it went.

“We watch this from the hiring side every day across the Bondex ecosystem, and the job descriptions are already moving. Roughly one in four roles posted across our network now asks for AI or machine learning skills, up from about one in five at the end of last year.

“The work isn’t vanishing. It’s being rewritten, and the people who can prove they do the new version are about to be the most contested talent on the market. The problem is that proof is exactly what the hiring system can’t deliver. A resume can claim anything, and now AI can generate that claim in 10 seconds.

“That’s the gap we’re building Bondex to close. When the layoff reason is a single word in a filing, the people behind that number need somewhere their actual work is verified and visible, so a recruiter or an AI agent can find them on proof instead of a polished PDF. AI is going to keep reshaping who gets hired. The least it can do is help the right people get found.”

– Ignacio Palomera, CEO of Bondex

Michael Saylor, the billionaire founder of Strategy (NASDAQ:MSTR), has lost billions of dollars for himself and his investors as the stock has continued its strong downward trend. 

After peaking at $543 in November 2024, it has dropped to $82 today, with its market capitalization falling from $128 billion to $28 billion today. According to Forbes, his net worth has dropped from over $7 billion to $3 billion. 

Saylor has weathered major challenges before, including in 2022, when Bitcoin (CRYPTO: BTC) plunged below $16,000 as the Federal Reserve aggressively raised interest rates and FTX collapsed.

Michael Saylor’s Strategy is Facing Unprecedented ChallengesThe current challenge, however, is severe. Bitcoin continues its strong downward trend, moving from a record high of $126,300 to $60,000 today, and is at risk of further downside as ETF outflows rise. 

Technical analysis suggests that BTC will drop to $50k soon, leading to more unrealized losses since his average buying price was $64,000.

The company has also gained some major liabilities. Its total debt has jumped to over $8 billion. It has also launched several preferred stocks that have all moved below their par level. STRC dropped from $100 to $72.50, while the others like STRD, STRK, and STRF have all plunged. 

The ongoing price action is a sign that investors anticipate that Strategy will be forced to sell its Bitcoin to cover its obligations. Earlier this month, the company sold 32 Bitcoins for the first time in years. It will sell these coins at a loss since the current Bitcoin price is lower than its buying value. 

Also, as Peter Schiff warned, selling BTC will put pressure on the coin as we saw earlier this month, when it dropped below $60,000 after Strategy sold 32 coins.

History shows that Bitcoin has bounced back from bear markets several times. For example, it rebounded to a new record high last year after plunging following President Donald Trump’s tariff announcement. It also jumped from $15,800 in December 2022 to a record high of $126,200 late last year. 

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PANews June 28 news, according to Cointelegraph, Fidelity research analyst Daniel Gray refuted concerns that declining Bitcoin mining rewards would lead to long-term security deterioration, and in his latest research report pointed out that the Bitcoin network’s economic incentive mechanism is sufficient to ensure the blockchain’s long-term security. In the report, Daniel Gray reiterated the view that Bitcoin’s security does not solely depend on block rewards. The report noted that transaction fees, market incentives and other economic factors continuously incentivize miners to maintain network security, making the cost of a sustained attack prohibitively high.

PANews June 28 news, according to CryptoBriefing, based on the "2026 Outlook Report" released by Fidelity Digital Assets, as of the end of 2025, the number of publicly listed companies holding at least 1,000 BTC increased from 22 at the end of 2024 to 49, collectively controlling close to 5% of the total Bitcoin supply. As of early June 2026, the number of publicly listed companies holding Bitcoin on their balance sheets grew further, with approximately 170 to 199 listed companies holding about 1.265 million BTC, accounting for roughly 6% of the total Bitcoin supply.

Analysis: Weak demand from U.S. institutions may keep Bitcoin under pressure and range-bound in the short term.

Bitfire Group stated in its latest market commentary that Bitcoin’s negative premium on Coinbase has continued to widen, signaling persistent weakness in U.S. institutional buying. Meanwhile, Strategy’s income preferred stock (ticker: STRC) briefly dipped below $84. Though there is no immediate liquidation risk, market concerns over whether the firm will need to sell Bitcoin continue to weigh on sentiment. From a technical perspective, Bitcoin remains trading below its 20-day and 50-day moving averages, with short-term MAs in a bearish alignment. The daily RSI stands at around 40—weak but not yet in oversold territory. The overall Bollinger Bands are sloping downward, with the middle band acting as strong resistance. Bitfire Group believes that with a lack of sustained bullish momentum and bears still holding the upper hand, Bitcoin will likely continue fluctuating below resistance levels in the short term, further testing actual buying demand on the downside. Key resistance levels are at $64,650, $66,900, and $69,800, while the main support level is at $63,500.

5 minutes ago

Chinese crypto figure Ma Ji sold 34 Bored Ape Yacht Club (BAYC) NFTs recently to cover his positions, netting 326 ETH from the sale and incurring a loss of 399 ETH.

According to Lookonchain monitoring, renowned NFT collector Machi Big Brother recently allegedly sold Bored Ape Yacht Club (BAYC) NFTs to fund his long ETH position on Hyperliquid. Data shows that over the past month, Machi has sold a total of 34 BAYC NFTs, raising 326 ETH (approximately $514,000), but incurring a total loss of 399 ETH (about $631,000). Bored Ape #6057 was his most loss-making transaction: the NFT was purchased four years ago for 76.84 ETH, and recently sold for only 7.65 ETH, representing a roughly 90% loss. Meanwhile, Machi’s long ETH position on Hyperliquid has been liquidated multiple times recently. Lookonchain noted that he was liquidated again approximately 3 hours ago, leaving his account balance at around $81,000.

5 minutes ago

Thailand has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of money laundering through illegal cryptocurrency mining.

Thailand’s Department of Special Investigation (DSI) has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of belonging to a criminal organization that allegedly uses illegal cryptocurrency mining to launder proceeds from fraud and online gambling. Wang, a former leader of the Thai-China Trade Association, is identified as a core figure in the involved Chinese investor group. Reuters’ 2023 investigative report, which centered on Wang, revealed that a U.S. blockchain analytics firm found fraud-related cryptocurrency wallets had sent millions of dollars to accounts under Wang’s name, while he actively cultivated ties with top Thai political and law enforcement officials at the time. A DSI spokesperson stated Wang was charged last November with theft and violations of the Computer Crime Act, adding that he is believed to have fled Thailand, and authorities are tracking his whereabouts in cooperation with international partners. Separately, Thai authorities have also issued arrest warrants for four unnamed Chinese nationals and four unnamed Myanmar nationals.

5 minutes ago

US-Iran conflict escalates for three consecutive days: Iran targets US military base in Kuwait with missiles and drones, Trump warns "Iran will cease to exist"

According to CNN, the situation has reversed sharply after the U.S.-Iran ceasefire deal took effect, with military clashes breaking out for three consecutive days between the two sides, multiple Gulf countries drawn into the conflict, and the Strait of Hormuz facing renewed severe threats to navigation. In the latest development, Iran's Islamic Revolutionary Guard Corps (IRGC) claimed to have struck U.S. military facilities in Kuwait and Bahrain with missiles and drones in retaliation for earlier U.S. airstrikes. Kuwaiti military confirmed its air defense systems are intercepting incoming targets, while Bahrain's Interior Ministry issued an alert urging residents to head to the nearest safe locations immediately. For the U.S. military, U.S. Central Command announced multiple rounds of strikes on Iran's missile and drone storage facilities, military surveillance infrastructure, communication systems, air defense positions and mine-laying capabilities, citing Iran's "continuous attacks on merchant ships". Trump immediately issued the sternest warning on social media, saying that if Iran does not stop the attacks, the U.S. military will be forced to "complete the tasks already initiated by military means", and that "the Islamic Republic of Iran will cease to exist". Iran responded firmly, with the IRGC stating that the U.S. airstrikes violated the ceasefire deal and "will lead to a complete halt of all diplomatic processes". Meanwhile, the Israeli military launched a drone attack in southern Lebanon just one day after a framework agreement was reached between Israel and Lebanon, further complicating the regional situation. The preliminary agreement signed by the U.S. and Iran this month aimed at restoring navigation in the Strait of Hormuz is facing the risk of complete collapse amid the continuous clashes, and market concerns over oil prices, safe-haven assets and global energy supplies are rising sharply.

5 minutes ago

Whale "sat0shi777" is trapped in both long and short positions simultaneously, with total unrealized losses exceeding $3 million on a combined position worth $102 million.

According to EmberCN’s monitoring, on-chain whale address "sat0shi777" recently executed a rare operation of being trapped in both long and short positions simultaneously. On June 24, the whale opened a long position of 468 BTC at an average price of $62,729, with a position size of approximately $29.38 million. Shortly after, Bitcoin fell below $60,000, and the long position currently has an unrealized loss of around $1.86 million. Yesterday morning, amid a downtrend, the whale added to a short position of 47,500 ETH at an average price of $1,536, with a position size of roughly $72.94 million. However, ETH did not continue to decline afterward, and the short position currently shows an unrealized loss of about $1.23 million. The combined market value of the two positions is approximately $102.32 million, with a total unrealized loss of over $3.09 million, leaving the whale in the red on both long and short sides.

5 minutes ago

A new crypto address has increased its holdings by 1,350 BTC, valued at approximately $81.87 million.

According to Lookonchain’s monitoring, a newly created wallet address bc1q4m has withdrawn 1,350 BTC from Binance, worth approximately $81.87 million at current prices.

5 minutes ago

Analysis: Weak demand from U.S. institutions may keep Bitcoin under pressure and range-bound in the short term.

Bitfire Group stated in its latest market commentary that Bitcoin’s negative premium on Coinbase has continued to widen, signaling persistent weakness in U.S. institutional buying. Meanwhile, Strategy’s income preferred stock (ticker: STRC) briefly dipped below $84. Though there is no immediate liquidation risk, market concerns over whether the firm will need to sell Bitcoin continue to weigh on sentiment. From a technical perspective, Bitcoin remains trading below its 20-day and 50-day moving averages, with short-term MAs in a bearish alignment. The daily RSI stands at around 40—weak but not yet in oversold territory. The overall Bollinger Bands are sloping downward, with the middle band acting as strong resistance. Bitfire Group believes that with a lack of sustained bullish momentum and bears still holding the upper hand, Bitcoin will likely continue fluctuating below resistance levels in the short term, further testing actual buying demand on the downside. Key resistance levels are at $64,650, $66,900, and $69,800, while the main support level is at $63,500.

5 minutes ago

Chinese crypto figure Ma Ji sold 34 Bored Ape Yacht Club (BAYC) NFTs recently to cover his positions, netting 326 ETH from the sale and incurring a loss of 399 ETH.

According to Lookonchain monitoring, renowned NFT collector Machi Big Brother recently allegedly sold Bored Ape Yacht Club (BAYC) NFTs to fund his long ETH position on Hyperliquid. Data shows that over the past month, Machi has sold a total of 34 BAYC NFTs, raising 326 ETH (approximately $514,000), but incurring a total loss of 399 ETH (about $631,000). Bored Ape #6057 was his most loss-making transaction: the NFT was purchased four years ago for 76.84 ETH, and recently sold for only 7.65 ETH, representing a roughly 90% loss. Meanwhile, Machi’s long ETH position on Hyperliquid has been liquidated multiple times recently. Lookonchain noted that he was liquidated again approximately 3 hours ago, leaving his account balance at around $81,000.

5 minutes ago

Thailand has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of money laundering through illegal cryptocurrency mining.

Thailand’s Department of Special Investigation (DSI) has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of belonging to a criminal organization that allegedly uses illegal cryptocurrency mining to launder proceeds from fraud and online gambling. Wang, a former leader of the Thai-China Trade Association, is identified as a core figure in the involved Chinese investor group. Reuters’ 2023 investigative report, which centered on Wang, revealed that a U.S. blockchain analytics firm found fraud-related cryptocurrency wallets had sent millions of dollars to accounts under Wang’s name, while he actively cultivated ties with top Thai political and law enforcement officials at the time. A DSI spokesperson stated Wang was charged last November with theft and violations of the Computer Crime Act, adding that he is believed to have fled Thailand, and authorities are tracking his whereabouts in cooperation with international partners. Separately, Thai authorities have also issued arrest warrants for four unnamed Chinese nationals and four unnamed Myanmar nationals.

5 minutes ago

US-Iran conflict escalates for three consecutive days: Iran targets US military base in Kuwait with missiles and drones, Trump warns "Iran will cease to exist"

According to CNN, the situation has reversed sharply after the U.S.-Iran ceasefire deal took effect, with military clashes breaking out for three consecutive days between the two sides, multiple Gulf countries drawn into the conflict, and the Strait of Hormuz facing renewed severe threats to navigation. In the latest development, Iran's Islamic Revolutionary Guard Corps (IRGC) claimed to have struck U.S. military facilities in Kuwait and Bahrain with missiles and drones in retaliation for earlier U.S. airstrikes. Kuwaiti military confirmed its air defense systems are intercepting incoming targets, while Bahrain's Interior Ministry issued an alert urging residents to head to the nearest safe locations immediately. For the U.S. military, U.S. Central Command announced multiple rounds of strikes on Iran's missile and drone storage facilities, military surveillance infrastructure, communication systems, air defense positions and mine-laying capabilities, citing Iran's "continuous attacks on merchant ships". Trump immediately issued the sternest warning on social media, saying that if Iran does not stop the attacks, the U.S. military will be forced to "complete the tasks already initiated by military means", and that "the Islamic Republic of Iran will cease to exist". Iran responded firmly, with the IRGC stating that the U.S. airstrikes violated the ceasefire deal and "will lead to a complete halt of all diplomatic processes". Meanwhile, the Israeli military launched a drone attack in southern Lebanon just one day after a framework agreement was reached between Israel and Lebanon, further complicating the regional situation. The preliminary agreement signed by the U.S. and Iran this month aimed at restoring navigation in the Strait of Hormuz is facing the risk of complete collapse amid the continuous clashes, and market concerns over oil prices, safe-haven assets and global energy supplies are rising sharply.

5 minutes ago

A new crypto address has increased its holdings by 1,350 BTC, valued at approximately $81.87 million.

According to Lookonchain’s monitoring, a newly created wallet address bc1q4m has withdrawn 1,350 BTC from Binance, worth approximately $81.87 million at current prices.

5 minutes ago

Crypto stocks have fallen far more sharply than large-cap tech stocks: Coinbase and Circle have declined 69% and 72% respectively from their peaks, with Bitcoin briefly falling below $60,000, exacerbating bearish sentiment.

Amid a broad sell-off in tech stocks, crypto-related equities have seen particularly steep declines, with their divergence from the broader market continuing to widen. Coinbase (COIN) and Circle (CRCL) have fallen 69% and 72% respectively from their all-time highs, far outpacing the 48% to 57% pullbacks of major tech stocks including Oracle, Salesforce, Netflix, and Palantir. By comparison, the S&P 500 index has dropped just 3.5% from its recent peak. Fundamentally, Coinbase’s first-quarter results missed Wall Street estimates by a wide margin: revenue fell 21% quarter-over-quarter, posting a loss of $1.49 per share, while analysts had previously projected earnings of $0.27 per share. Bitcoin fell below $60,000 this week, down more than 54% from its October peak. Ethereum also dropped to around $1,500, roughly 69% lower than its record high last year, as market sentiment continues to deteriorate. In its mid-year outlook report, 21Shares cut its 2026 crypto market forecast, noting that digital asset price performance is significantly lagging behind the sector’s fundamentals. The firm pointed out that institutional adoption continues to deepen, with stablecoins, asset tokenization, and prediction markets all maintaining strong growth momentum, but Bitcoin’s four-year market cycle remains the dominant driver of price movements. The report also acknowledged a prior misjudgment: “Bitcoin’s cycle is evolving, but it has not broken,” retracting its earlier claim that the four-year cycle was obsolete. Analysts argue that the sharp pullback in crypto equities reflects a combination of three pressures: overall weakness in the digital asset market, uncertainty surrounding structural legislation for the U.S. crypto market, and the potential impact of AI technology on existing business models.

5 minutes ago

XRP ETF Inflows Continued in JuneData shows that spot XRP ETFs added $46.5 million in assets this month, bringing the cumulative net inflow to $1.43 billion. These funds have had only one month of outflows since their launch in November last year.

Bitwise’s XRP ETF holds $293 million in assets, while the ETFs from Franklin, Canary, and 21Shares manage $235 million, $234 million, and $112 million, respectively.

The ongoing XRP ETF inflows are a sharp contrast to those tracking Bitcoin and Ethereum. Spot Bitcoin ETFs had over $4.06 billion in outflows this month, bringing the net outflows since January to $5.6 billion.

Similarly, Ethereum ETFs have shed over $471 million in outflows this month, lower than the $540 million they lost last month.

XRP ETF inflows rose in the same week in which Ripple announced that RLUSD, its stablecoin, will now be available in Japan following the approval by the main financial regulator. This approval will likely help it become an alternative to USDC and USDT. 

Recent data, however, shows that RLUSD has lost momentum as the supply has dropped to $1.57 billion from the year-to-date high of $1.8 billion. RLUSD has become one of the most important use cases for the XRP Ledger network. 

Another major news came from Europe, where Ripple secured a preliminary Crypto Asset Service Provider (CASP) license in Luxembourg. This is a major milestone as it paves the way for the full rollout of Ripple Payments across the Euro area and MiCA compliance.

XRP Price is Hanging on a Thread Above $1The weekly chart shows that the Ripple price has slumped in the past few months, mirroring the performance of most cryptocurrencies. It dropped from a high of $3.6690 in July to the current $1.06. 

The token has slumped below the Major S&R pivot point of the Murrey Math Lines tool. It has remained below the 50-week and 100-week Exponential Moving Averages (EMA). 

XRP has settled along the 78.6% Fibonacci Retracement level. Therefore, there is a risk that the token may drop further in the near term, potentially to the Strong, Pivot, Reverse level of the Murrey Math Lines at $0.7813. This view will be confirmed if it drops below the supply of $1.

Image: Shutterstock

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Ripple’s XRP may be preparing for a bounce with a strong crypto analyst signaling two signs of a bullish shift. This optimism comes as lawmakers in Washington push to get the CLARITY Act off the ground before Congress heads into its August recess.

XRP Chart Shows Bullish Signs Crypto analyst Ali Martinez shared a post on X that suggests that XRP’s daily chart is showing “two bullish signals” that could signal that the rally is coming to an end. The first signal, according to Martinez, is the Tom DeMark Sequential indicator. It has “printed a buy signal via a ‘9’ candlestick.” The pattern “historically anticipates a one-to-four daily candlestick relief rebound,” he added.

The XRP price action of the past three trading sessions has also formed a “Morning Star Doji” candlestick pattern. For context, it is a pattern widely recognized by technical traders as a reversal chart pattern that can appear closer to the bottom of the market, Martinez said.

XRP: TWO BULLISH SIGNALS

XRP is flashing two bullish reversal signals on the daily chart, pointing to a potential shift in momentum.

1. The Tom DeMark Sequential indicator has printed a buy signal via a "9" candlestick. This pattern historically anticipates a one-to-four daily… pic.twitter.com/q0qBDVCGXT

— Ali Charts (@alicharts) June 27, 2026

The confirmation would rely on the participation of buyers, he wrote. The analyst added, “If buying volume accelerates here, $XRP could rise toward $1.30.”

The Crypto Market Structure Bill Now Faces July 20 Deadline The positive technical analysis for XRP comes as the digital asset sector remains hinged on the updates around CLARITY Act. There are ongoing negotiations even as Congress adjourns Washington for the July 4 recess, said journalist Eleanor Terrett. She added there is “a renewed sense of urgency among Senate Republicans to get this bill across the finish line.”

However, “there is quite a lot left to do” on the CLARITY Act, Terrett emphasized. She noted that unresolved provisions include ethics and differences between the drafts from the Senate Banking and Agriculture Committees. In addition, sticking points include state preemption rules, language on conflicts of interest in the exchanges and others.

She also noted that “key Democratic votes are expected to hinge on whether the bill includes an ethics framework that they view as strong enough to address President Trump’s crypto businesses.” Hence, the odds for the crypto bill passing has dropped to 50%, per Galaxy Digital.

The challenge of Senate floor vote scheduling still exists for the CLARITY Act. Senate Majority Leader John Thune has acknowledged “time is running out to solve some of these outstanding issues.” Also, the annual defense authorization bill is expected to take priority upon the return of lawmakers July 13, Terrett said.

Assuming there is enough progress in the negotiations during the congressional recess and any other legislative priorities that could delay consideration don’t come into play. That’s the earliest realistic time to get a vote on the CLARITY Act underway, Terrett said, “the week of July 20th onwards.”

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TLDR: XRP long liquidations surged 832% over the past week, reaching nearly $3.0 million in forced exits. Open Interest dropped from $1.18B to $1.04B, reflecting an 11.1% monthly decline in leveraged exposure. Binance XRP reserves fell just 0.35% weekly, showing spot holders remained calm amid futures turmoil. A Tom DeMark “9” buy signal and Morning Star Doji pattern suggest XRP could rebound toward $1.30. XRP derivatives markets recorded a sharp deleveraging episode over the past week, with long liquidations surging 832% versus the prior month.

Open Interest fell from roughly $1.18 billion to approximately $1.04 billion. Funding rates turned deeply negative, registering a -463% shift against the quarterly baseline.

The data points to a forced exit of leveraged long positions rather than an orderly rollover, resetting the market’s overall risk structure.

Cascading Liquidations Clear Speculative Excess From XRP Futures Long liquidations reached nearly $3.0 million over the seven-day period, far outpacing short liquidations. This imbalance confirms that upside-positioned traders bore the brunt of the selloff. The scale of exits reflects a systematic purge rather than isolated margin calls across the derivatives market.

Open Interest declining by 11.1% on a monthly basis reinforces this interpretation. When OI falls alongside deeply negative funding rates, it typically means leveraged longs are being closed, not transferred. The market is shedding speculative weight accumulated during the prior uptrend.

Source: CryptoQuant

Despite the futures turmoil, spot-side behavior told a different story. Binance XRP reserves remained relatively stable, down just 0.35% on the week.

That restraint among holders suggests limited appetite to deposit tokens for immediate sale, even as price weakened noticeably.

The divergence between panicked futures positioning and composed spot holders is notable. Historically, this kind of split often marks a transitional phase rather than an outright bearish continuation. Whether that transition resolves bullishly depends on how sellers respond next.

Technical Signals and Utility Developments Add Context to XRP’s Next Move On the technical side, analyst Ali Charts flagged two reversal patterns forming on the daily chart. The Tom DeMark Sequential printed a “9” buy signal, which historically anticipates a one-to-four candle relief rebound.

Additionally, the past three sessions completed a Morning Star Doji formation, a pattern traditionally associated with localized price bottoms.

Ali Charts noted that if buying volume accelerates, XRP could move toward the $1.30 level from current prices near $1.05.

XRP: TWO BULLISH SIGNALS

XRP is flashing two bullish reversal signals on the daily chart, pointing to a potential shift in momentum.

1. The Tom DeMark Sequential indicator has printed a buy signal via a "9" candlestick. This pattern historically anticipates a one-to-four daily… pic.twitter.com/q0qBDVCGXT

— Ali Charts (@alicharts) June 27, 2026

These signals do not guarantee a sustained trend change, but they do indicate potential short-term momentum shifts worth watching.

On the fundamental side, Ripple’s launch of RLUSD in Japan through SBI VC Trust adds a longer-range utility layer to the XRP ecosystem.

Stablecoin infrastructure tied to regulated partners in a major market could support broader adoption over time.

The immediate focus, however, remains on Open Interest recovery. A rebound in OI alongside normalizing funding rates would confirm that fresh demand is entering the market.

Until that happens, the question is whether short-sellers press their advantage or negative funding triggers a short-covering rally.

TL;DR

Coinglass historical data reportedly shows July has often been a positive month for XRP. XRP enters the period after a difficult first half, including a 27.1% Q1 drawdown and a 22.4% Q2 drawdown. Seasonality is historical context, not a reliable prediction on its own. Seasonality After Q1/Q2 Weakness: Why This Story Matters XRP Prepares for July Bounce-Back as Price History Points to Positive Third Quarter Seasonality has become one of the stronger weekend crypto stories because it sits at the intersection of price action, market structure, and the kind of narrative that traders tend to follow closely when the broader news cycle slows down.

The key point is not simply that historical seasonality data points to positive July averages for XRP. It is that the development gives the market a fresh way to judge whether the current crypto environment is being driven by genuine network adoption, regulatory progress, liquidity shifts, or short-term speculation.

The Main Details According to UToday, historical seasonality data points to positive July averages for XRP. The report also notes that xRP suffered a 27.1% Q1 drawdown and 22.4% Q2 drawdown.

That distinction matters because crypto markets often move first on headlines and only later separate durable developments from short-lived momentum. In this case, the verified boundaries are especially important: Do not imply past performance guarantees future returns.

Market Context For traders, the story arrives at a moment when crypto assets are still trying to define a clearer direction. Bitcoin remains the anchor for broader sentiment, but altcoin narratives are increasingly being judged on their own fundamentals, including usage, liquidity, compliance, treasury activity, and developer progress.

That makes this development relevant beyond a single token or company. If the underlying trend proves durable, it could help shape how investors evaluate XRP, Coinglass, Seasonality, Technical Analysis over the coming weeks. If it fades, however, it may become another example of a strong weekend narrative that struggled to translate into sustained market follow-through.

What To Watch Next The next important question is whether the market receives further confirmation from primary sources, dashboards, official announcements, or on-chain data. Follow-up disclosures, exchange data, governance updates, or wallet activity could all help clarify whether this is an isolated headline or the start of a broader theme.

Readers should also watch whether liquidity responds. In crypto, even fundamentally meaningful developments can fail to move prices if traders remain defensive, leverage is being unwound, or capital is rotating into other sectors. That is why this story should be read alongside broader market structure rather than in isolation.

This report is based on information from Coinglass.

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

Ripple CTO Emeritus David Schwartz has settled a renewed debate over XRP (XRP) origins, confirming that a precursor payment network concept predated Bitcoin (BTC) by five years, but that XRP itself did not.

Schwartz responded on X after a social post claimed XRP predated Bitcoin by decades. The post called XRP the oldest digital asset, a label Schwartz addressed directly, drawing a sharp line between an early concept and the coin Ripple manages today.

What Ryan Fugger Designed in 2004Ryan Fugger conceptualized a decentralized payment and settlement network around 2004. That placed his concept roughly five years before Satoshi Nakamoto published the Bitcoin white paper.

Schwartz confirmed the timeline on X but flagged a crucial omission. Fugger’s design included no decentralized assets. His system, later known as RipplePay, functioned as a trust-based credit network.

Users routed value through pre-existing trust relationships rather than a shared cryptographic ledger. There was no native token and no open asset that could be traded independently.

Schwartz addressed the distinction on X.

Ryan Fugger conceptualized a decentralized payment/settlement network (but without decentralized assets) around 2004, well before bitcoin.

— David 'JoelKatz' Schwartz (@JoelKatz) June 26, 2026 However, that separation matters. Bitcoin introduced open bearer assets secured by proof of work. The XRP Ledger brought its own model for decentralized value transfer, but it arrived after Bitcoin, not before.

XRP Launched Three Years After BitcoinThe XRP Ledger went live in 2012, three years after Bitcoin’s genesis block was mined in January 2009. Jed McCaleb, Arthur Britto, and Schwartz built the protocol together before Ripple assumed stewardship.

That timeline directly dismantles the 1988 claim. Fugger’s concept may predate Bitcoin, but a concept is not a coin. The XRP Ledger and the XRP token both trace their launch to 2012.

The distinction carries weight beyond historical accuracy. Ripple’s CEO has also criticized Bitcoin’s corporate strategy, reflecting broader tensions between the two communities.

The debate reflects a pattern seen across the crypto industry. Origin stories often conflate an idea with its execution. Earlier this year, the Bitcoin CIA creation claim drew broad pushback through a similar dynamic.

XRP Holds Near $1 as Ripple Expands Into EuropeThe token recently tested the $1 psychological level amid a sharp slide from earlier highs. Some investors still treat the coin as a long-term inflation hedge, though analysts have found the math difficult to support at current prices.

XRP Price Performance. Source: BeInCrypto MarketsSchwartz has stayed active in the community beyond the origins question. He recently discussed investing versus gambling in a post that generated its own round of debate among holders.

How far back XRP’s roots run may be less relevant than where Ripple is heading. The company recently obtained European MiCA approval via a Luxembourg license, broadening its regulatory footprint across the continent.

USDT briefly flips Ethereum: A warning sign for the crypto market?

TL;DR

A prominent Ethereum MEV bot reportedly lost between $7.5 million and $15 million in a counter-MEV exploit. The attacker allegedly used fake token contracts to bait approvals and drain assets. The incident highlights approval hygiene risks for automated on-chain trading systems. Security Alert: The MEV bot JaredfromSubway.eth was exploited.

— BlockSec (@BlockSecTeam) June 26, 2026

Approval Hygiene And Automated On-Chain Agents: Why This Story Matters Top Ethereum MEV Bot JaredfromSubway.eth Drained of Up to $15M in Counter-MEV Honeypot Exploit has become one of the stronger weekend crypto stories because it sits at the intersection of price action, market structure, and the kind of narrative that traders tend to follow closely when the broader news cycle slows down.

The key point is not simply that jaredfromSubway.eth suffered losses estimated between $7.5 million and $15 million. It is that the development gives the market a fresh way to judge whether the current crypto environment is being driven by genuine network adoption, regulatory progress, liquidity shifts, or short-term speculation.

The Main Details According to the official source material, JaredfromSubway.eth suffered losses estimated between $7.5 million and $15 million. The report also notes that the exploit used fake token contracts and approval mechanics against the bot.

That distinction matters because crypto markets often move first on headlines and only later separate durable developments from short-lived momentum. In this case, the verified boundaries are especially important: Do not provide a step-by-step exploit replication guide.

Market Context For traders, the story arrives at a moment when crypto assets are still trying to define a clearer direction. Bitcoin remains the anchor for broader sentiment, but altcoin narratives are increasingly being judged on their own fundamentals, including usage, liquidity, compliance, treasury activity, and developer progress.

That makes this development relevant beyond a single token or company. If the underlying trend proves durable, it could help shape how investors evaluate Ethereum, MEV, Security, Exploit, BlockSec over the coming weeks. If it fades, however, it may become another example of a strong weekend narrative that struggled to translate into sustained market follow-through.

What To Watch Next The next important question is whether the market receives further confirmation from primary sources, dashboards, official announcements, or on-chain data. Follow-up disclosures, exchange data, governance updates, or wallet activity could all help clarify whether this is an isolated headline or the start of a broader theme.

Readers should also watch whether liquidity responds. In crypto, even fundamentally meaningful developments can fail to move prices if traders remain defensive, leverage is being unwound, or capital is rotating into other sectors. That is why this story should be read alongside broader market structure rather than in isolation.

This report is based on information from BlockSec.

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

Analysis: Weak demand from U.S. institutions may keep Bitcoin under pressure and range-bound in the short term.

Bitfire Group stated in its latest market commentary that Bitcoin’s negative premium on Coinbase has continued to widen, signaling persistent weakness in U.S. institutional buying. Meanwhile, Strategy’s income preferred stock (ticker: STRC) briefly dipped below $84. Though there is no immediate liquidation risk, market concerns over whether the firm will need to sell Bitcoin continue to weigh on sentiment. From a technical perspective, Bitcoin remains trading below its 20-day and 50-day moving averages, with short-term MAs in a bearish alignment. The daily RSI stands at around 40—weak but not yet in oversold territory. The overall Bollinger Bands are sloping downward, with the middle band acting as strong resistance. Bitfire Group believes that with a lack of sustained bullish momentum and bears still holding the upper hand, Bitcoin will likely continue fluctuating below resistance levels in the short term, further testing actual buying demand on the downside. Key resistance levels are at $64,650, $66,900, and $69,800, while the main support level is at $63,500.

1 seconds ago

Chinese crypto figure Ma Ji sold 34 Bored Ape Yacht Club (BAYC) NFTs recently to cover his positions, netting 326 ETH from the sale and incurring a loss of 399 ETH.

According to Lookonchain monitoring, renowned NFT collector Machi Big Brother recently allegedly sold Bored Ape Yacht Club (BAYC) NFTs to fund his long ETH position on Hyperliquid. Data shows that over the past month, Machi has sold a total of 34 BAYC NFTs, raising 326 ETH (approximately $514,000), but incurring a total loss of 399 ETH (about $631,000). Bored Ape #6057 was his most loss-making transaction: the NFT was purchased four years ago for 76.84 ETH, and recently sold for only 7.65 ETH, representing a roughly 90% loss. Meanwhile, Machi’s long ETH position on Hyperliquid has been liquidated multiple times recently. Lookonchain noted that he was liquidated again approximately 3 hours ago, leaving his account balance at around $81,000.

1 seconds ago

Thailand has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of money laundering through illegal cryptocurrency mining.

Thailand’s Department of Special Investigation (DSI) has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of belonging to a criminal organization that allegedly uses illegal cryptocurrency mining to launder proceeds from fraud and online gambling. Wang, a former leader of the Thai-China Trade Association, is identified as a core figure in the involved Chinese investor group. Reuters’ 2023 investigative report, which centered on Wang, revealed that a U.S. blockchain analytics firm found fraud-related cryptocurrency wallets had sent millions of dollars to accounts under Wang’s name, while he actively cultivated ties with top Thai political and law enforcement officials at the time. A DSI spokesperson stated Wang was charged last November with theft and violations of the Computer Crime Act, adding that he is believed to have fled Thailand, and authorities are tracking his whereabouts in cooperation with international partners. Separately, Thai authorities have also issued arrest warrants for four unnamed Chinese nationals and four unnamed Myanmar nationals.

1 seconds ago

US-Iran conflict escalates for three consecutive days: Iran targets US military base in Kuwait with missiles and drones, Trump warns "Iran will cease to exist"

According to CNN, the situation has reversed sharply after the U.S.-Iran ceasefire deal took effect, with military clashes breaking out for three consecutive days between the two sides, multiple Gulf countries drawn into the conflict, and the Strait of Hormuz facing renewed severe threats to navigation. In the latest development, Iran's Islamic Revolutionary Guard Corps (IRGC) claimed to have struck U.S. military facilities in Kuwait and Bahrain with missiles and drones in retaliation for earlier U.S. airstrikes. Kuwaiti military confirmed its air defense systems are intercepting incoming targets, while Bahrain's Interior Ministry issued an alert urging residents to head to the nearest safe locations immediately. For the U.S. military, U.S. Central Command announced multiple rounds of strikes on Iran's missile and drone storage facilities, military surveillance infrastructure, communication systems, air defense positions and mine-laying capabilities, citing Iran's "continuous attacks on merchant ships". Trump immediately issued the sternest warning on social media, saying that if Iran does not stop the attacks, the U.S. military will be forced to "complete the tasks already initiated by military means", and that "the Islamic Republic of Iran will cease to exist". Iran responded firmly, with the IRGC stating that the U.S. airstrikes violated the ceasefire deal and "will lead to a complete halt of all diplomatic processes". Meanwhile, the Israeli military launched a drone attack in southern Lebanon just one day after a framework agreement was reached between Israel and Lebanon, further complicating the regional situation. The preliminary agreement signed by the U.S. and Iran this month aimed at restoring navigation in the Strait of Hormuz is facing the risk of complete collapse amid the continuous clashes, and market concerns over oil prices, safe-haven assets and global energy supplies are rising sharply.

1 seconds ago

Whale "sat0shi777" is trapped in both long and short positions simultaneously, with total unrealized losses exceeding $3 million on a combined position worth $102 million.

According to EmberCN’s monitoring, on-chain whale address "sat0shi777" recently executed a rare operation of being trapped in both long and short positions simultaneously. On June 24, the whale opened a long position of 468 BTC at an average price of $62,729, with a position size of approximately $29.38 million. Shortly after, Bitcoin fell below $60,000, and the long position currently has an unrealized loss of around $1.86 million. Yesterday morning, amid a downtrend, the whale added to a short position of 47,500 ETH at an average price of $1,536, with a position size of roughly $72.94 million. However, ETH did not continue to decline afterward, and the short position currently shows an unrealized loss of about $1.23 million. The combined market value of the two positions is approximately $102.32 million, with a total unrealized loss of over $3.09 million, leaving the whale in the red on both long and short sides.

1 seconds ago

A new crypto address has increased its holdings by 1,350 BTC, valued at approximately $81.87 million.

According to Lookonchain’s monitoring, a newly created wallet address bc1q4m has withdrawn 1,350 BTC from Binance, worth approximately $81.87 million at current prices.

1 seconds ago

TL;DR

SecondFi completed a final balance snapshot on June 26, 2026, after a Cardano wallet exploit. The snapshot covers 374 compromised wallets affected between June 21 and June 23. The snapshot is a refund-preparation step, not confirmation that users have already been paid. We have completed the final balance snapshot for affected wallets.

— SecondFi (@secondfiapp) June 26, 2026

Security Remediation And User Refund Preparation: Why This Story Matters SecondFi Completes Refund Snapshot for Wallets Impacted by Recent Cardano Exploit has become one of the stronger weekend crypto stories because it sits at the intersection of price action, market structure, and the kind of narrative that traders tend to follow closely when the broader news cycle slows down.

The key point is not simply that secondFi took a final balance snapshot on June 26, 2026. It is that the development gives the market a fresh way to judge whether the current crypto environment is being driven by genuine network adoption, regulatory progress, liquidity shifts, or short-term speculation.

The Main Details According to on-chain data, SecondFi took a final balance snapshot on June 26, 2026. The report also notes that the exploit affected 374 wallets between June 21 and June 23.

That distinction matters because crypto markets often move first on headlines and only later separate durable developments from short-lived momentum. In this case, the verified boundaries are especially important: Do not imply refunds have already landed.

Market Context For traders, the story arrives at a moment when crypto assets are still trying to define a clearer direction. Bitcoin remains the anchor for broader sentiment, but altcoin narratives are increasingly being judged on their own fundamentals, including usage, liquidity, compliance, treasury activity, and developer progress.

That makes this development relevant beyond a single token or company. If the underlying trend proves durable, it could help shape how investors evaluate Cardano, ADA, SecondFi, Yoroi, Security over the coming weeks. If it fades, however, it may become another example of a strong weekend narrative that struggled to translate into sustained market follow-through.

What To Watch Next The next important question is whether the market receives further confirmation from primary sources, dashboards, official announcements, or on-chain data. Follow-up disclosures, exchange data, governance updates, or wallet activity could all help clarify whether this is an isolated headline or the start of a broader theme.

Readers should also watch whether liquidity responds. In crypto, even fundamentally meaningful developments can fail to move prices if traders remain defensive, leverage is being unwound, or capital is rotating into other sectors. That is why this story should be read alongside broader market structure rather than in isolation.

This report is based on information shared by SecondFi on X.

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

LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cerebras Systems Inc. (“Cerebras” or “the Company”) (NASDAQ: CBRS) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Cerebras reported its Q1 2026 financial results on June 23, 2026. The Company posted a loss of $0.22 per share, leading to a sharp decline in its share price.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

New York, New York--(Newsfile Corp. - June 27, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Microsoft Corporation (NASDAQ: MSFT) between May 1, 2025 and January 28, 2026, inclusive (the "Class Period"), of the important August 11, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Microsoft common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Microsoft class action, go to https://rosenlegal.com/cases/microsoft-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 11, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Microsoft's Copilot family of products had experienced significant brand positioning, user experience, usage, data siloing, computational capacity, organizational, and interoperability problems; (2) Microsoft's flagship proprietary AI model ranked well below competitors on a number of benchmark tests; (3) Microsoft needed to increase by billions of dollars its capital expenditures and divert graphics processing unit ("GPU") and central processing unit ("CPU") capacity away from fulfilling demand for its profitable Azure services in order to improve the competitive positioning of its critical Copilot family of products and increase its AI-related research and development ("R&D"); and (4) as a result, Microsoft had failed to convert a significant percentage of its commercial Microsoft 365 users to paid Copilot subscriptions and Microsoft's Copilot offerings had lost market share to rival products, a trend that was increasing. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Microsoft class action, go to https://rosenlegal.com/cases/microsoft-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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Source: The Rosen Law Firm PA

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LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Hyliion Holdings Corp. (“Hyliion” or “the Company”) (NYSE American: HYLN) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Hyliion is the subject of a report published by Pelican Way Research on June 23, 2026, titled: “Hyliion: A Glorified Science Project Who Has Continuously Failed To Meet Expectations And Is Now Throwing Around A Meaningless Deal.” The report claims a large percentage of the Company’s pipeline is comprised on a non-binding LOI with VFG Holdings which Pelican Way Research claims lacks commercial viability.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

Altcoins

27 June 2026 | 12:35 Chainlink is sitting near its 2026 lows, and its on-chain data is doing something that doesn't usually happen at the bottom of a selloff.

Key Takeaways LINK trades at $7.335, near 2026 lows, down 7.5% on the week. Chainlink posted its two strongest wallet-growth days of 2026 back-to-back. Exchange supply is declining, structurally reducing available LINK. The price structure stays firmly bearish despite the on-chain signals. LINK trades at $7.335, down 7.5% on the week but up 1.5% on the day, and underneath that weak price, the network just posted its two busiest wallet-creation days of the entire year. That divergence between price and activity is the story worth examining.

The Network-Growth Signal Chainlink recorded its two strongest network-growth days of 2026 back-to-back: 3,142 new LINK wallets on June 25 and 3,040 on June 26. Per Santiment, those two days spike dramatically above everything else this year, where the baseline had been running at a few hundred new wallets a day at most. Back-to-back records at price lows specifically point to fresh capital entering rather than existing traders recycling positions.

Record wallet growth on June 25–26 shows fresh capital entering The driver Santiment identifies is Chainlink’s expanding role in on-chain finance: Project Pangea, tokenized-asset settlement, 24/5 equity data streams, and its position as oracle infrastructure. Notably, the same tokenized-stocks narrative lifting Solana is pulling attention toward LINK as the oracle layer those systems depend on, as we covered in our recent analysis of Solana’s decoupling. The interest is concentrated and new, which is what makes it stand out against the price.

A Quiet Network, Which Makes It More Notable Context matters here, and it cuts in an interesting direction. CryptoQuant’s data shows LINK’s broader network activity collapsed alongside price from mid-2025: active addresses peaked around 400K-430K in August-September 2025 when LINK traded near $25-27, then compressed to a baseline of roughly 50K-100K as price fell into the $7-10 range. The current reading of about 7K active addresses shows the network is still quiet overall.

Low usage confirms this is accumulation, not active trading. That quietness is exactly what makes the wallet-growth spike significant. New wallets are being created on a network that isn’t yet generating transaction-volume spikes, which is the signature of fresh entrants positioning rather than a surge in active usage. It’s accumulation-shaped, not activity-shaped.

Coins Are Leaving Exchanges The exchange flow data adds a supply angle. The netflow chart shows a large positive spike in June, the biggest inflow event since April, meaning a significant amount of LINK moved onto exchanges, followed now by a current reading of -70.2K as coins flow back off.

Net-negative flows suggest tokens are moving to self-custody. That inflow-then-outflow pattern is consistent with a distribution event that may be completing, with the remaining direction being withdrawal into self-custody. Zooming out, the dominant pattern from mid-2025 to now is net-negative, more LINK leaving exchanges than arriving, which is structurally supply-reducing even as price has fallen.

The Price Structure Is Still Bearish None of the on-chain signals change the fact that the chart is weak, and that’s worth stating plainly. LINK fell from around $8.60 at the start of June to a low near $7.04 on June 24-25, roughly 18% in three weeks, with the current $7.335 a partial recovery off that low. Support sits at $7.00-$7.18, the wick lows of the past two days; resistance is $7.60-$7.80, where the market stalled between June 19-22 before breaking down.

Deep downtrend; price is still well below major moving averages. All three moving averages are declining steeply above price, the 50-day at $8.72, the 100-day at $8.93, the 200-day at $9.94, leaving LINK more than 15% below even its nearest average, which confirms a deep downtrend. RSI at 33.61 is just above oversold with the signal line at 39.17 still overhead, no bullish crossover yet, though it’s approaching the zone where prior recoveries began.

On the longer-term chart, a Fibonacci retracement from the February high to the June low puts price just above the 1.0 extension at $7.18, meaning LINK has retraced the entire measured move and is testing its deepest Fibonacci support, with first resistance at the 0.786 level near $7.97.

Testing critical support at the $7.18 Fibonacci floor. What makes this setup unusual is that the price and on-chain signals genuinely disagree, and that disagreement is the whole point. Santiment frames the combination of fresh wallets, shrinking exchange supply, and price at the lows as quiet accumulation ahead of a possible price reaction. That’s a coherent read, but it describes positioning, not timing: accumulation can persist for weeks while price goes nowhere, and new wallets don’t obligate a bounce.

So rather than guess at direction, the more useful thing is a clear benchmark to watch. For anyone tracking the RWA and tokenized-asset narrative, the question that resolves this is simple: do these new wallets become active during the next price move, or do they just sit? If the wallet growth converts into rising active addresses and transaction volume, the accumulation thesis gains real weight. If the wallets stay dormant while activity flatlines, the spike was positioning that never matured. Layer two external conditions on top, whether the broader market stabilizes and whether the tokenized-stocks narrative keeps building specifically for LINK, and you have the full checklist. The data has set up a genuine tension; what converts it one way or the other is measurable, and now worth watching for.

This article is for informational purposes only and does not constitute financial advice. Consult a professional before making investment decisions.

Author

Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 5,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.

User activity on the Chainlink network saw a pronounced surge despite significant turbulence in the broader cryptocurrency market. According to data from Santiment, Chainlink registered 3,142 new LINK wallets on June 25 and 3,040 on June 26, bringing the two-day total to 6,182 new accounts.

Network growth reaches annual peakThis increase stands out as the largest two-day network expansion for Chainlink so far this year. The unusual uptick arrives at a time when the general crypto market has been experiencing muted sentiment. Chainlink is widely recognized for its oracle framework, bridging off-chain data with smart contracts on the blockchain.

The creation of 3,142 new LINK wallets on June 25 and 3,040 on June 26 highlights a marked expansion of Chainlink’s user base in a short period.

A steady climb in daily network activity shows that new participants continue to join the Chainlink ecosystem. This development is drawing even more attention from market participants, given that it occurs while the token price faces ongoing pressure.

Network activity diverges from price performanceThe recent spike in newly created wallets coincided with LINK trading near multi-month lows. This disconnect between on-chain growth and market price has led to heightened speculation about the asset’s potential next move.

Historically, surges in new wallet numbers during periods of price weakness are sometimes interpreted as early signs of accumulation. For this reason, some analysts believe the latest resurgence in network activity could set the stage for a shift in LINK’s price dynamics.

The sharp rise in new wallet creation at a time of price pressure has prompted investors to watch potential movements in LINK with increased caution.

Recent data from the Chainlink network demonstrates that user growth continues, defying the downward trend in price action. Going forward, both the sustainability of this heightened network activity and its potential impact on LINK’s market price will be closely monitored by observers.

The latest numbers reinforce Chainlink’s central role as a leading oracle solution, highlighting that the project’s active user base is expanding even amid market headwinds. Such trends are especially significant as they point to organic demand and participation, rather than solely speculative interest.

If the current momentum in wallet additions persists, Chainlink may see a foundation for future price recovery, though this remains subject to broader market forces and investor sentiment.

In the near future, analysts will focus on whether the Chainlink network can maintain this pace of onboarding new users, and whether increased on-chain engagement will eventually be reflected in the token’s trading trajectory.

The spike in wallet creation appears to demonstrate rising engagement and confidence in Chainlink’s ecosystem, even as price remains under pressure. Overall, these figures may signal robust community support and could influence expectations for the project in upcoming quarters.

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.