It was a sea of green in the cryptocurrency industry after the jumbo interest rate cut by the Federal Reserve.
Bitcoin (BTC) led the gains, cruising above the important resistance point at $63,000 for the first time since Aug. 27.
Most of the large gains occurred among smaller altcoins. Reef (REEF) went parabolic, soaring to a high of $0.0048, its highest point since March 12. It has been one of the best-performing altcoins this month, jumping by over 670% from its lowest point and bringing its market cap to over $102 million.
Reef, which stands for reliable, extensible, efficient, and fast, surged a month after Binance delisted it from its exchange. This indicates that it is likely going through a short squeeze, with most of its trading happening on Gate.io and WhiteBIT.
First Neiro on ETH (NEIRO) has also been one of the best-performing coins this month. It rose to a record high of $0.00098, up by over 3,865% from its lowest level in September.
Other top performers in this crypto comeback were coins like Solar (SXP) and Billy (BILLY), which rose by over 50%.
This price action coincided with the performance of other assets. In the stock market, popular indices like the Dow Jones and Nasdaq 100 rose by over 1%, continuing the bull market that has been ongoing over the past few months.
Fed’s jumbo rate cut The surge happened after the Federal Reserve decided to slash interest rates by 0.50%, in line with most analysts’ expectations. The Fed also hinted that it would deliver more cuts if the labor market continued to weaken.
Most crypto analysts believe that the ongoing rally has legs. In a note, Ki Young Ju, wrote that the crypto bull run was still underway. In another X post, Ju, who is the founder of CryptoQuant noted that institutional investors were no longer shorting Bitcoin.
Additionally, spot Bitcoin ETFs have seen inflows for five consecutive days, indicating that institutions likely bought the dip. According to Santiment, crypto sentiment has continued rising, which is a positive catalyst for the industry.
And as crypto.news reported earlier, the crypto fear and greed index has moved from the fear zone and risen to its highest point in weeks. In most periods, altcoins do well when the index is in an uptrend.
Several factors play a significant role in determining the success of any project in the crypto market. Utilities are one key factor that ensures marketing; good communities are also influential in determining growth.
Bitgert is one project on the radar of investors due to its growing community. Its features and ecosystem activities are also instrumental to its growth.
Reef is also a common option amongst several experts and investors in the industry. Some experts have projected it to experience a reasonable degree of growth.
More so, Bittensor is a leading AI blockchain project, recording immense developments which places it on the radar.
This article discusses Bitgert, Reef, and Bittensor potential price movement
Reef Vs Bittensor, Triggers For Growth Reef’s growth has been evident in its recent chart pattern. Reef has gained 2.3% in the last 24 hours and is moving to break its resistance. Reef’s recent partnership has been instrumental to its recent performance. Reef recently partnered with Pigmo and is looking to expand into the blockchain Gamblefi sector, increasing interest in Reef across the industry. Reef’s interest in empowering developers encouraged its partnership with ViaLabs, incorporating the Reef chain and growing value.
The Reef ecosystem permits DAO, which allows investors to play a significant role in decision-making, and experts have pointed out that this is key to Reef’s growth.
The Bittensor structure is different from the Reef. Bittensor’s bot has proven helpful to many investors by indicating to Bittensor’s users what to expect from the $TAO movement. Bittensor created a marketplace for AI. Bittensor’s marketplace helps users easily carry out AI-related tasks. Bittensor enjoys its growth by ensuring user satisfaction. Bittensor achieves this by providing passive income via staking. This provision by Bittensor is why experts are confident that Bittensor will eventually be a top project in the industry. Bittensor market cap has risen by over 3.4% in the last four days, marking progress.
Bitgert Startup Studio Campaign And Its Impact. Bitgert’s support to developers through Bitgert’s Startup Studio campaign has triggered many reactions and generated attention across the industry. Bitgert has opened the perfect opportunity for memecoin devs to get financial support to reward their project growth. Bitgert Startup Studio Campaign has recorded numerous entries, and this high interest has increased Bitgert’s BRISE holders.
Bitgert has also allowed content creators to integrate perfectly into the blockchain ecosystem. Bitgert’s contest for content creators will reward winners with amazing prizes for creatively promoting the project. These activities are instrumental in Bitgert’s positive price movement as expectations regarding Bitgert’s future are positive.
Conclusion Bitgert and Bittensor utilities drive their growth. Reef’s ecosystem has proven to be one of the fastest growing with its innovative integrations. Despite the positives from every mentioned project, research is crucial in taking the proper steps. Buy $BRISE on the Bitgert website today. Visit bitgert.com
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With big news impending for Bitgert, the crypto market is looking closely at the movements of both Render Coin and Reef Coin. Investors speculate about which one, between Render Coin’s utility in GPU computing and Reef Coin’s DeFi focus, will offer stability in the event of Bitgert‘s relentless ecosystem expansion.
How Competitive is Render Coin Against Reef Coin and Bitgert? Render Coin serves to empower the Render Network, a completely decentralized network for 3D rendering and GPU computing. Render Coin bridges the divide between artists and developers in need of ample, affordable computational power and those capable of supplying it. This positions Render Coin as an indispensable player within the growing digital economy. Render Coin’s tokenomics configuration for the network is fundamentally grounded on providing liquidity that facilitates real-time rendering tasks and promotes efficient utilization of computing resources. Render Coin also facilitates great community governance, where token holders make decisions about future upgrades and improvements on the network.
Where Does Reef Coin Stand Against Render Coin and Bitgert? Reef Coin is the token representative for the Reef Chain, a scalable blockchain that is EVM-compatible, and optimized for DeFi, NFTs, and gaming. Reef Coin is built on top of Substrate, providing developers with almost instant, low-cost transactions. This is ideal for decentralized applications. With Reef Coin’s bridging across multiple blockchains and compatibility with Solidity, Reef Coin pursues seamless dApp experiences targeted at developers and users alike. As this ecosystem grows rapidly, Reef Coin forms the base for its decentralized governance, staking, and transaction fees.
About Bitgert: The Render Coin and Reef Coin Crusader Unlike Reef Coin and Render Coin, the unique mix of near-zero gas fees combined with an astonishing 100,000 TPS transaction speed has positioned Bitgert as one of the most advanced blockchains. Products for shaping the environment include PayBrise, Bitgert Swap, the Bitgert.exchange, and so on—all part of an all-encompassing user-friendly environment. The tokenomics of Bitgert have been designed to be long-term sustainable, modeled on a deflationary system that will reward holders for contributing to the ecosystem. As Bitgert approaches the moment of its major announcement, it seems like the project is in preparation to make an impact on investor appeal for the wider market.
Pricing Performance: Render Coin vs. Reef Coin vs. Bitgert Over the past 24 hours, Render Coin has fluctuated between $6.34 and $6.77, while the weekly range was from $5.85 to $6.80. Reef Coin briefly moved between $0.005051 and $0.005381 during the last 24 hours, with the 7-day range between $0.004087 and $0.006495. Meanwhile, Unlike Render Coin or Reef Coin, Bitgert has continued to steer steadily, with a 24-hour range from $0.00000007951 and $0.00000008518, with a 7-day range from $0.00000007863 and $0.00000008505. Small oscillations of Bitgert prices assure its stability and attract investors interested in such predictability in the market.
Will Bitgert’s Big Revelation Doom Render Coin and Reed Coin? While Reef Coin and Render Coin wait for the big announcement of Bitgert, variation in the price of any of the coins may attract market sentiment. Bitgert has projected an excellent show due to its negligible gas charges on the transactions, along with hyper-scaling measures. This places Bitgert in an excellent position against Reef coin and Render coin, making it a solid choice among investors amidst the market’s turbulence.
Grab your own $BRISE token at Gate.io, KuCoin, MEXC, and Pancakeswap!
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Step 3: Buy $BRISE
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The crypto market might see some big changes as Bitgert recently revealed that it has a massive announcement scheduled for next month. Hype is building up, and the focus is on the likes of Reef Coin and Dogwifhat as investors argue over the possibility that the upcoming announcement by Bitgert can significantly alter their price predictions.
While Reef Coin and Dogwifhat bring something unique to the table, Bitgert has shown rapid development and has remained technically superior. So, let us learn more about Reef Coin and Dogwifhat and see how they compare with Bitgert.
Reef Coin and Dogwifhat Compared to BitgertReef CoinReef Coin is a multi chain smart contract blockchain focused on decentralized finance (DeFi), NFT and gaming. Additionally, Reef Coin has several applications like Reefscan blockchain explorer, Reef Wallet, etc. which makes it rather attractive to users who want to try out diverse investments across the crypto shelf.
However, despite being a reputed name in the blockchain world, Reef Coin remains an altcoin whose performance is sometimes marred by transaction speeds and costs. Reef Coin cannot be compared to Bitgert’s high speed and low fees blockchain. So, Reef Coin is not as scalable or effective as Bitgert’s infrastructure.
DogwifhatDogwifhat is yet another memecoin, marking its bet in a rather fun approach to investments in crypto. Community driven growth, in this case, has made Dogwifhat popular in its own right. However, similar to the rest of the memecoins, the price of Dogwifhat remains highly susceptible to speculation and lacks utility based fundamentals prevalent in Bitgert.
Dogwifhat might be a fun memecoin but presents no robust technological architecture like that of Bitgert or even Reef Coin. Moreover, as Bitgert keeps rolling out new blockchain solutions, Dogwifhat will face difficult times.
How Will Bitgert’s Big News Affect the Reef Coin and Dogwifhat?The big news from Bitgert is going to shift market attention away from projects such as Reef Coin and Dogwifhat. If the announcement is about something big in the Bitgert ecosystem, a price rally might not be too far.
On the other hand, Reef Coin and Dogwifhat, with their novelty packages, might see massive fluctuations in price predictions as attention turns toward Bitgert’s advances. Investors may reassess their positions in coins like Reef Coin and Dogwifhat, especially if Bitgert’s reveal brings radical shifts to the ecosystem.
Buy $BRISE on Bitgert website today. Visit bitgert.com.
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Reef Finance, a blockchain for decentralized finance, gaming, and non-fungible tokens, has surged in the two months since Binance delisted it.
Reef (REEF) token rose to $0.010 on Monday, Oct. 14, up by over 1,500% from its lowest level this year, making it one of the best-performing cryptocurrencies.
Notably, the Reef coin has risen by almost 1,200% since Aug. 26, when it was delisted by Binance, the biggest crypto exchange in the industry. Its market cap has jumped to over $223 million.
Reef price performance since Aug. 26 | Source: TradingView In a statement at the time, Binance also delisted other tokens like ForTube, Loom Network, VGX Token, and Ellipsis. It cited several factors such as low trading volume and liquidity, the commitment of the team to the project, new regulatory requirements, and smart contract stability.
Most of Reef’s trading has shifted to other centralized exchanges. According to CoinGecko, WhiteBit had the biggest share of trading volume in the last 24 hours. It is followed by other exchanges like HTX, KuCoin, and Bitget.
This rebound is likely due to the developers making significant improvements after the Binance delisting. They initiated a new community developer fund to incentivize developers in the ecosystem. Some of the potential dApps to be funded include those in industries such as lending, DAO infrastructure, and hardware.
Reef has also made other progress since the Binance delisting. For example, Hydra Coin announced that it was building the first NFT battle card game on the Reef Chain.
Additionally, the developers are collaborating with VIA Labs, a blockchain bridging solution, which will begin bridge development this week. They are also in discussions with perpetual decentralized exchanges about revenue sharing and RPC infrastructure providers.
Reef has also gained momentum as the number of holders has increased. According to CoinCarp, the token now has almost 23,000 holders, significantly higher than its level before the Binance delisting.
Reef token has become overbought Reef Finance price chart | Source: TradingView Reef’s surge continued as Bitcoin (BTC) and other cryptocurrencies maintained their strong rebound on Monday. It has flipped the key resistance point at $0.0053, its highest swing since March 2024.
Reef has remained above the 50-day and 100-day Exponential Moving Averages, which is a bullish sign. However, the Relative Strength Index and the Stochastic Oscillator have moved to overbought levels.
Therefore, while more gains are possible, the coin may experience a pullback in the coming days due to profit-taking. If this happens, it may retest the key support at $0.0053.
Singapore, March 20, 2025 — Kraken, one of the world’s leading cryptocurrency exchanges, today announced the listing of APENFT (NFT), a key token in the TRON ecosystem. The listing introduces APENFT/USD and APENFT/EUR trading pairs. In addition to the listing on Kraken, a Reef Program airdrop campaign of $90,000 worth of APENFT tokens has been launched.
Launched by the APENFT Foundation in 2021, APENFT uses TRON’s fast and low-cost blockchain to bring top-tier artworks on-chain and support the growth of the NFT ecosystem. As of March 2025, with over $430 million in market cap and more than 2.16 million unique holders, APENFT has become a leading force in the digital collectibles space. APENFT is now listed on over 30 major global exchanges, including HTX, OKX, and Poloniex.
Since its launch, the project has reached several important milestones:
May 2021: Initiated an NFT airdrop program for TRON mainnet token holders, reaching millions of TRX users.
December 2021: Collaborated with Christie’s and Sotheby’s to tokenize masterpieces by Picasso and Andy Warhol.
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2023: Debuted APENFT Marketplace, now becoming the leading NFT trading platform on the TRON chain supporting hundreds of emerging artists through the Art Dream Fund.
September 2024: APENFT Collaborated with SunPump to launch NFT Pump, the first fair-launch NFT tool in the TRON ecosystem, allowing users to mint NFTs at low cost using TRX.
Q1 2025: Released NFT Pump 2.0, introducing the TRC404 standard for fractionalized NFT trading to enhance liquidity and user experience.
The listing of APENFT (NFT) on Kraken marks a significant step in its global expansion, offering increased exposure and access to institutional and retail investors across North America, Europe, and Asia-Pacific. With NFT/USD and NFT/EUR trading pairs now available, APENFT gains direct entry into key fiat markets.
The launch is further supported by a $90,000 airdrop through the Reef Program, designed to boost engagement and broaden its appeal beyond the TRON ecosystem. Known for its high compliance standards and strong security, Kraken provides an ideal platform for APENFT to strengthen its credibility and reach.
APENFT officially launched on Kraken on March 20, 2025, marking a significant milestone in its path toward global adoption and broader market accessibility.
About APENFT
APENFT Marketplace is an NFT trading platform native to the TRON blockchain, launched by the APENFT Foundation, with additional support from the world’s largest distributed storage system BitTorrent File System (BTFS). NFT Pump (APENFT) is a leading innovator in the NFT space, providing a one-stop platform geared with a complete suite of tools to empower creators, collectors, and projects alike. From launching NFT Pump 1.0 and 2.0 to establishing the TRC404 standard, NFT Pump (APENFT) is revolutionizing how NFTs are created, traded, and experienced on the TRON network.
The APENFT utility token $NFT is the official governance token issued by the APENFT Foundation. It is a decentralized digital asset that is backed by TRC-20 protocols, and serves as proof of rights on APENFT.
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Singapore, April 1, 2025 —Kraken, one of the world’s leading cryptocurrency exchanges renowned for its rigorous compliance standards, has officially listed JUST (JST), the native governance token of the JUST ecosystem. JUST is a leading decentralized finance (DeFi) ecosystem built on the TRON network, which consists of multiple products, including stablecoin and multi-asset lending platforms, JustStable and JustLend. The listing introduces JST/USD and JST/EUR trading pairs. In addition to the listing on Kraken, a Reef Program airdrop campaign of $90,000 worth of JST tokens has been launched.
JUST ecosystem: Powering TRON’s DeFi infrastructure
JUST, launched in 2020 by the JUST Foundation, is the first comprehensive DeFi ecosystem on the TRON network. Centered around the JST token, the JUST ecosystem includes various DeFi solutions like JustStable, JustLend DAO, Staked TRX (sTRX), Energy Rental, and JustCrypto. As of March 2025, with over $310 million in market cap and a Total Value Locked (TVL) of $8 billion, JUST (JST) exemplifies its strong performance within the TRON ecosystem. Since its launch, JUST has reached several significant milestones.
2020: Initial Launch of JUST
Pioneered JustLend DAO, a decentralized finance (DeFi) lending platform built on TRON. Holding a TVL of $5.7 billion standing as one of the largest lending platforms.
Launched USDJ, a decentralized stablecoin fully backed on the TRON blockchain.
JUST (JST) was listed on major exchanges such as Binance and Upbit, marking JUST’s initial market entry.
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2024: JUST’s Global Expansion
Expanded international presence by listing on Brazil’s Mercado Bitcoin and Turkey’s Bitci exchanges.
JustLend DAO Hosted HackaTRON Season 6 with TRON DAO, drawing over 500 developer teams.
2025: JUST’s Accelerated Growth
January: Launched USDD 2.0 Beta offering 20% APY — fully subsidized by TRON DAO.
February: Collaborated with Coinomi Wallet to enhance user integration and accessibility.
March: JUST (JST) listed on Hashkey Global, significantly strengthening market presence in the Asia-Pacific region.
The listing on Kraken also signals growing confidence in JST’s underlying protocol and its long-term utility within decentralized finance. As part of the broader JUST ecosystem, JST serves as a foundational asset supporting stablecoin issuance, lending, and governance. This development reinforces JUST’s position as a key contributor to the TRON network’s expanding DeFi infrastructure.
As of April 1, 2025, JUST (JST) is officially live on Kraken—marking a significant milestone toward increased market accessibility and global adoption.
About JustLend DAO
JustLend DAO is TRON’s decentralized financial platform where users can earn yields through supplied assets, borrow digital assets against collateral, participate in TRX staking, and rent Energy. Committed to developing TRON-based DeFi protocols and providing all-in-one financial solutions to its users, there is now more than $7.6B Total Value Locked in the JUST Network.
The JustLend DAO provides a forum for its users to participate in governance and directives, while empowering its users with decentralized authority, trustless transactions, smart-contract automation, and security with transparent accountability.
Tokens in the JustLend DAO markets (TRX, BTT, JST, NFT, USDT, TUSD, USDD) are granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica. JustLend DAO exists to provide stable and convenient financial lending services for all users.
Engage with the JustLend DAO community via the JustLend DAO Portal, Telegram, Twitter, and the JUST Network.
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Singapore, April 8, 2025 — Kraken, one of the world’s leading cryptocurrency exchanges, has officially listed SUN (SUN), a core governance token of SUN.io. The SUN.io platform integrates such functions as token swaps, liquidity mining, stablecoin swaps and decentralized autonomous organization (DAO) on the TRON public chain, focusing on building TRON’s DeFi ecosystem with decentralized exchanges (DEX) at its core. The new listing introduces two major trading pairs, SUN/USD and SUN/EUR, making SUN available to a wider market. In conjunction with this listing, an airdrop Reef Program offering $90,000 worth of SUN tokens launched at the same time.
Launched in 2020, SUN.io has grown into a cornerstone of the TRON ecosystem. As of April 2025, the SUN token has reached over $649 million in total value locked (TVL). As the first platform on TRON to combine stablecoin swaps, token mining, governance, and trading, SUN.io stands as the network’s largest decentralized exchange (DEX).
The platform has driven significant innovation, including the launch of SunSwap for efficient token swaps and the introduction of SunPump in 2024, which became a major hub for meme coin projects on TRON.
Sun.io has grown significantly, reaching several milestones:
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August 2024: SunPump launched as TRON’s first fair-launch platform for meme coin issuance and trading. Since its debut, it has supported over 96,000 projects and generated more than $3.73 billion in transaction volume.
SunPump’s unique bonding curve mechanism has drawn significant attention, attracting over 430,000 followers on X. It has generated 15 million new transactions and brought in 550,000 new wallet addresses to the TRON ecosystem—reaching a peak daily transaction volume of $350 million.
2025: SunPump introduced SunGenX, an AI-powered tool designed to simplify token creation through chatbot interactions.
The addition of SUN (SUN) on Kraken marks a pivotal step in its global growth, pushing its exposure across major markets in North America and Europe. With SUN/USD and SUN/EUR trading pairs now available, SUN (SUN) extends its reach into major fiat markets.
Kraken, known for its robust security measures and high compliance standards, offers the perfect platform for SUN to strengthen its credibility, particularly in stablecoin trading and meme coin issuance. The listing not only enhances the security of funds on SunSwap but also elevates the global appeal of the SunPump initiative, accelerating the international growth of the TRON ecosystem. Additionally, with the Reef Program airdrop of $90,000 worth of SUN tokens happening simultaneously, fueling SUN(SUN) to tap into a wider audience.
SUN officially launched on Kraken on April 8, 2025, joining other TRON ecosystem tokens such as APENFT, JST, WIN, and STEEM. The listing reflects growing market interest and further strengthens TRON’s presence on leading global exchanges.
About SUN.io
SUN.io is the first decentralized autonomous platform on the TRON blockchain, distinguished by its integration of stablecoin trading, comprehensive token exchange, and liquidity mining capabilities. As a cornerstone of the TRON ecosystem, SUN.io is dedicated to optimizing trading liquidity and asset returns for its users. The platform empowers participants to stake SUN tokens, earning veSUN, which unlocks a suite of exclusive benefits, including enhanced rewards and voting rights in the platform’s governance.
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Singapore, April 8, 2025 — Kraken, one of the world’s leading cryptocurrency exchanges, has announced the listing of WINkLink (WIN) for spot trading, with new WIN/USD and WIN/EUR trading pairs. WINkLink is the first comprehensive oracle of the TRON ecosystem. The listing comes alongside the launch of the Reef Program, an airdrop campaign of $90,000 in WIN tokens.
WINkLink, launched in 2019, is the first decentralized oracle platform in the TRON ecosystem, providing secure and efficient off-chain data services for smart contracts. WINkLink connects data between TRON’s blockchain and centralized systems, supporting decentralized finance (DeFi) and decentralized applications (DApps). As the governance token, WIN (TRC-20) drives the WINkLink ecosystem, enabling holders to participate in governance and earn rewards. As of April 2025, WIN’s market cap is approximately $43 million, with listings on major exchanges like KuCoin and OKX.
WINkLink has grown significantly since its launch reaching several milestones:
August 2019: WINkLink was introduced as TRON’s first decentralized oracle project, aiming to bridge smart contracts with real-world data.
April 2021: The WINk team completed the acquisition of JustLink.io, establishing WINkLink as the first comprehensive oracle in the TRON ecosystem.
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2022: WINkLink joined TRON’s BitTorrent Chain (BTTC) cross-chain ecosystem, enhancing interoperability with Ethereum and BNB Chain.
2023: Established a network of decentralized nodes, improving data reliability and security.
October 2024: Launched Automation and Any API Beta, streamlining DApp development and improving on-chain operational efficiency.
January 2025: Any API Data Feeds goes live, enhancing data transmission security with multi-layer encryption.
The listing of WINkLink (WIN) on Kraken marks a key milestone in the token’s global expansion, with its exposure and access to institutional and retail investors across North America, Europe and Asia-Pacific. Having WIN/USD and WIN/EUR trading pairs now available, it gives the opportunity for direct entry into major fiat markets.
Aimed at boosting the engagement and attracting a wide audience to the WINkLink ecosystem, an airdrop of $90,000 worth of WIN tokens through the Reef Program will be launched simultaneously. This listing on kraken is expected to drive new growth momentum for WINkLink, particularly with innovative features like Any API Data – Feeds. Fueling development and adoption of the TRON ecosystem following the listings of APENFT, JST, SUN and STEEM on Kraken.
About WINkLink
As the first comprehensive oracle on the TRON blockchain, WINkLink fully integrates the real world with the blockchain space, provides reliable and verifiable random numbers, and fully restores trust and improves user experience by tapping into data, events, and payment systems from the real world. WIN, a TRON-based TRC-20 token, is the governance token of the WINkLink oracle network, and has been listed on Binance, OKX, KuCoin, Poloniex, Bitget, and many other well-known international exchanges.
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Reef Chain, a well-known L1 blockchain dealing with decentralized applications (dApps), has announced its exclusive collaboration with Subscan, a popular blockchain explorer forum. The development underscores the renewal of Reef Chain and Subscan’s mutual efforts for enhanced accessibility, developer tools, and visibility. The platform revealed this initiative in a recent social media post shared on X.
We’re very happy to share the news that Reef and @subscan_io are working together once more!
Subscan is re-integrating Reef Chain into their platform. This will make Reef available on their blockchain explorer, and restore API services as well.
More to come as we approach the… pic.twitter.com/Gic7xqLaCd
— 🐠 Reef (@Reef_Chain) June 7, 2025 Reef Chain and Subscan Join Forces to Offer Cutting-Edge Tools for Developers The partnership denotes a crucial move for Reef Chain as it is collaborating with Subscan to benefit developers and consumers. This development will once again permit seamless tracking of transfers, monitoring of block production, access to crucial on-chain data, and observance of validator activities. Complementing this endeavor, Subscan operates as a renowned platform across Substrate and Polkadot ecosystems, providing developers and consumers with thorough tools.
As a part of this collaboration, the consumers can anticipate streamlined blockchain explorers, analytics dashboards, and RESTful APIs. These elements are important to boost blockchain advancement while maintaining transparency. The renewal of the API services provided by Subscan is beneficial for Reef, particularly for builders developing smart contracts and decentralized applications.
The renewed partnership is anticipated to fortify its status within the wider Web3 world by boosting accessibility as well as ecosystem transparency. Amid Reef’s endeavors to get attention with strategic partnerships and updates, Subscan’s return highlights its resilient commitment to developer support and ecosystem usability. Apart from that, the collaboration also indicates the plans to re-establish robust infrastructure support within its ecosystem.
Since starting its operations, Reef Chain has been focusing on the provision of developer-friendly and scalable environment. For this purpose, it uses the modular framework of Substrate. Now, by resuming its partnership with Subscan, the platform is enhancing its wider Substrate-based ecosystem by improving its core technical developments.
Driving Interest in Reef’s Long-Term Journey to Appeal to More Users and Developers As per Reef Chain, this partnership points toward Reef’s active moves to reform and fortify its ecosystem tools after a phase of restricted visibility among top blockchain explorers. This development could also signify renewed interest in the long-term roadmap of Reef to attract more consumers and developers. As the collaboration moves forward, the users can witness more improvements and updates.
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Blockchain platform secures three-year deal to power innovative football club from 2025-2026 season
Reef Chain, the EVM-compatible blockchain designed to make Web3 accessible to mainstream audiences, today announces its landmark three-year Principal Partnership with Crawley Town Football Club, commencing with the 2025-2026 season.
The partnership marks a significant milestone for Reef Chain as it expands into mainstream sports marketing, leveraging football’s global reach to introduce blockchain technology to new audiences worldwide. Reef Chain will feature prominently on Crawley Town’s home and away shirts, as well as across Broadfield Stadium and the club’s digital platforms.
Derek E. Silva, Chief Operations Officer of Reef Chain, said: “This partnership represents a pivotal moment in our mission to bring blockchain technology into everyday life. Football has unmatched power to connect communities globally, and through Crawley Town FC, we can showcase how our technology enhances real-world experiences. We’re not just sponsoring a football club – we’re joining a community that shares our values of innovation, accessibility, and forward-thinking approaches.”
The collaboration provides Reef Chain with a unique platform to demonstrate its technology’s practical applications while reaching football fans across the globe. For a blockchain platform focused on user accessibility, partnering with a progressive English football club offers authentic engagement opportunities that extend far beyond traditional cryptocurrency communities.
The partnership has particularly authentic foundations, with Silva having been an active member of the online WAGMI United community since 2022, regularly participating in match watchalongs with fellow supporters. The initial connection was facilitated by Entitled., WAGMI United’s primary community manager, who introduced Silva to Vice Chairman Ben Levin, leading to formal negotiations for this groundbreaking deal.
Through this partnership, Reef Chain will implement several innovative programs, including:
Digital fan engagement experiences utilizing blockchain technology Community-focused initiatives benefiting local supporters and residents Next-generation match-day experiences at Broadfield Stadium The deal significantly enhances Reef Chain’s global visibility, particularly in European markets, while providing the platform to demonstrate real-world blockchain applications beyond traditional DeFi and trading use cases.
Preston Johnson, Co-Chairman of Crawley Town FC, added: “WAGMI United has always been committed to innovation in football, and Reef Chain represents exactly the kind of progressive partner we’ve been seeking. This partnership creates exciting possibilities for both organizations and our respective communities.”
Silva concluded: “We’ve found the perfect partner in Crawley Town FC – a club that, like us, isn’t afraid to innovate and try new approaches. Together, we’ll show the world how blockchain technology can enhance the beautiful game while building stronger communities both online and offline.”
The formal unveiling of the partnership will take place at a home game at Broadfield Stadium near the beginning of the season, where Reef Chain will demonstrate some of the innovative technologies and experiences planned for the upcoming season.
About Reef Chain Reef Chain is an EVM-compatible blockchain designed to make Web3 accessible to mainstream audiences. Built on the Substrate framework, Reef offers high scalability, affordable transactions, and a wide ecosystem of decentralized applications. Through its core apps like Reef Chain Wallet, ReefScan, and ReefSwap, Reef is simplifying blockchain technology for users worldwide.
About Crawley Town Football Club Founded in 1896, Crawley Town FC is a professional football club based in West Sussex, England. The club plays at Broadfield Stadium and has a rich history of working its way up through the English football pyramid. Since 2022, Crawley Town has been owned by WAGMI United, an innovative ownership group bringing new approaches to football club management.
For further information, please contact: Cassie Doubleday Reef Chain [email protected]
Press Office Crawley Town Football Club [email protected] 01293 410000
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Alchemy Pay, a global payment gateway from fiat to crypto, has announced its strategic partnership with Reef. This collaboration aims to introduce the world’s leading fiat-crypto on-ramp into the Reef website and wallet. This initiative strives to empower users of 173 countries, giving them the authority to easily buy $REEF tokens along with other digital assets.
Reef, a Layer-1 blockchain empowering Web3 accessibility, through this incentive, is set to make cryptocurrency more accessible. So, the integration aims to enable the audience worldwide to bridge the gap between traditional finance and Web3. Alchemy Pay has announced the news through its official X account.
Alchemy Pay and Reef Pave the Way for $REEF Token Accessibility Alchemy Pay leverages its fiat-to-crypto gateway to empower the $REEF token on Reef Chain. It means that the global users can utilize their local fiat currencies to purchase the $REEF token. They can use trusted payment methods like Visa, Mastercard, Apple Pay, Google Pay, bank transfers, and regional mobile wallets.
Alchemy Pay provides localized yet regulated payment options, making the onboarding process more compliant and secure. This initiative aims to mitigate entry barriers for crypto newcomers. Through this development, Reef wants to cement its reputation, empowering developers and users through seamless access to the decentralized web. Reef’s user-friendly ecosystem includes ReefSwap, Reef Chain Wallet, and ReefScan.
Alchemy Pay to Foster Web3 Adoption Worldwide Reef blends Alchemy Pay’s global payment rails to solidify its position as a blockchain network, promoting mass adoption. Through an effortless fiat-crypto conversion, both users and developers will benefit by making web applications more accessible. There is a continuous demand for compliant, smooth, and frictionless blockchain entry points. So, the Alchemy Pay and Reef partnership is a perfect example of boosting mainstream crypto adoption.
Through this groundbreaking incentive, Alchemy Pay and Reef are poised to highlight their shared vision of creating more approachable decentralized technologies. The $REEF token is just a few clicks away from users around the world. So, Reef is excited to consider new participants to expand the Web3 ecosystem.
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Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Reef Chain, an EVM-compatible blockchain aimed at opening Web3 up to a regular consumer, has declared one of the biggest three-year Principal Partnerships with Crawley Town Football Club. The deal will start with the 2025-2026 season and be the first significant move by Reef Chain into sports marketing on an international level.
Within the partnership, Reef Chain branding will be on substantial presence on the home and away kits of Crawley Town and visibility within the Broadfield Stadium and the official club digital channels. The partnership is meant to leverage the popularity of football as a global sport to reach new consumers outside of the crypto circles.
A Strategic Move Toward Mainstream Adoption The partnership is a strategic growth to Reef Chain because it is aiming at integrating blockchain technology into daily lives. The global aspect of football provides an effective means of education and involvement, especially to a blockchain-based ecosystem that focuses on convenience and accessibility.
According to Derek E. Silva, Chief Operations Officer of Reef Chain, the deal represented a milestone to the project. He underlined that it is not just sponsorship, but community alignment, innovation and utility in the real world.
Silva says that football is a perfect platform to showcase the power of blockchain to improve everyday communication because it has the power to bring fans together regardless of their cultural backgrounds.
This is in contrast to many commercial sponsorships where the connection is established on the basis of long term community participation. Silva is a longtime participant in WAGMI United online community, he has been actively watching games together with other supporters since 2022.
Silva was first introduced by Entitled., the major community manager of WAGMI United, who introduced him to Ben Levin, vice chairman of Crawley Town. These informal relationships eventually culminated into serious talks and negotiations which resulted in the three year agreement. This genuine basis is considered by the club as one of the strengths of the joint venture.
Blockchain-Powered Fan Experiences With Reef Chain Among the initiatives that Reef Chain intends to launch as a part of the collaboration is the variety of blockchain-enabled projects that will increase the level of engagement between the fans. These are the digital fan experience, which is Web3-based, community-oriented initiatives with local fans and future-oriented match-day activations in Broadfield Stadium.
The collaboration will enable Reef Chain to showcase real-world uses of blockchain that are not related to decentralized finance and trading.
With the emphasis placed on the interaction with fans, digital identity, and engagement tools, the project will demonstrate how blockchain can bring practical value to the process in the real-life context.
Reef Chain has become the logical choice of the Crawley Town FC leadership to fit within the forward-thinking culture of the club. Co-Chairman Preston Johnson said that WAGMI United has always been an organization that focuses on innovation in football operations, and Reef Chain fits well within the vision of the organization.
Both organizations consider the collaboration to be a way of venturing into new technology and also solidifying their relationship with their respective communities. The transaction also contributes greatly to the visibility of the Reef Chain in the European markets where football is among the most powerful cultural forces.
AUTHOR
With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
Crypto markets inch up slowly; Litecoin and Tezos on a charge, BSV falling further back. Market Wrap As we end another week in crypto land markets are starting to pick up a little. There has been no major breakout for Bitcoin yet but some of the altcoins are doing well and green is back in the tables. As a result total market capitalization is back over $250 billion again.
Yet again Bitcoin pushed just above $7,900 for an intraday high before pulling back. It subsequently dropped below $7,500 again hitting support for a double bottom. At the time of writing BTC is back to $7,900 trading flat on the day.
Ethereum has done virtually nothing over the past 24 hours and is still lulling just below $250. ETH is very unlikely to move until its big brother does, and it will definitely be in the same direction.
There is a little more activity in the top ten during today’s Asian trading action. Green dominates over red and Litecoin is the clear leader with a push of 10 percent to $113. Less than 60 days to the halving is driving momentum for LTC which is likely to climb higher in the coming weeks. Market cap has now surpassed $7 billion and it is very close to flipping BCH for fourth. XRP is the other mover today as it gains 5 percent as rumors of a MoneyGram buyout circulate. BSV continues to get dumped.
The top twenty cryptos have seen a lot of movement from Tezos which has surged 14 percent to $1.36. There does not appear to be a lot fundamentally feeding the fomo aside from rumors that Coinbase Custody is loading up on XTZ. The rest in this section are a percent or two in either direction today.
FOMO: Metaverse ETP Pumps ETP is getting another spike today as it rises 16 percent following a recent Finwise event in Hong Kong. Aside from Tezos, HyperCash is also doing well gaining 13 percent on the day and Decentraland is up 11 percent.
Getting dumped at the messy end of the crypto top one hundred is Maximine Coin sliding 18 percent. Yesterday’s pump, SOLVE, is today’s dump as it drops 14 percent and the crypto stalwart MaidSafeCoin is losing out on the day sliding 11 percent.
Total market cap 24 hours. Coinmarketcap.com Total crypto market capitalization has picked up marginally, adding $3 billion to reach $253 billion. Volume is at $70 billion and the minor move not been enough to signal a wider break out yet. All eyes are still on Bitcoin which has dropped back in dominance slightly at the expense of Litecoin.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
Crypto markets falling back on Monday; BSV, XRP, and Tron dropping back, Litecoin and NEO stay afloat. Market Wrap Crypto markets are seeing red as we begin another trading week. Most of the majors are in decline following Bitcoin’s failure to hold gains and break $8,000. Total market capitalization has dropped below $250 billion and is poised to fall further as the selloff accelerates.
Bitcoin has dumped 2.5 percent on the day falling from just under $8k down to support at $7,500. BTC recovered a little during early Asian trading but is still down on the day trading at around $7,700. A big bearish signal was given by the weekly candle which was biggest drop since December at almost 11 percent.
As expected Ethereum is faring no better with a slide of over 3 percent down to $235. There is strong support around the $210 area and it could soon be there if analysts are correct.
The rest of the top ten is in the red as crypto declines increase. Bitcoin SV has dropped the most at over 6 percent falling back to $183. XRP is not far behind with over 4 percent lost as the Ripple token falls below $0.40 again. Bitcoin Cash, Binance Coin and Stellar are not doing much better. Litecoin has remained steady as halving fomo continues to drive LTC higher.
Top twenty losses are marginally greater with Tron dumping the most at over 5 percent. IOTA, Cosmos and Ethereum Classic are all losing around 3 percent and NEO is the only altcoin in the green adding 2 percent to remain over $12.
FOMO: Nebulas Skyrockets A massive dose of fomo has hit NAS today as it shoots up 45 percent. The autonomous smart asset platform does not appear to have anything fundamentally driving it aside from yesterday’s Nebulas Council Election Assistance Campaign launch;
Also getting a pump today is GXChain which has surged 36 percent and NULS up almost 20 percent. At the messy end of the crypto top one hundred is HyperCash dumping 13 percent while Ravencoin gets hit 9 percent on the day.
Total market cap 24 hours. Coinmarketcap.com Total crypto market capitalization has declined $5 billion since this time yesterday. It is now at $247 billion with a daily volume of $62 billion. Over the week markets are down 8.5 percent as over $20 billion has left the space. With Bitcoin poised to fall further the pain is likely to continue this week.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
Want to steal some Bitcoin? All you need to do is find your victim’s 16-character public key and calculate their private key by solving something called an “elliptic curve discrete logarithm problem.” No sweat! With a regular computer, that’ll take you around 50 million times the amount of time the universe itself has left—around 0.65 billion billion years.
Ah, but with the right quantum computer, able to process information at speeds exponentially faster than today’s supercomputers? Suddenly, what seems uncrackable becomes child’s play, able to be broken in under 10 minutes.
The quantum-computing problem is nothing new to crypto, and many experts believe we have at least a decade or more to come up with quantum-resistant cryptography. However, some observers say that recent and unexpectedly fast advances are causing the time horizon to dramatically shrink. The most aggressive estimate says that bitcoin will be hackable by 2027, according to Fact Based Insights.
“We moved the state of the art more in the last two years than it has progressed in the last 15 or 20,” says Stewart Allen, Chief Operating Officer at IonQ, a company that claims to make some of the most powerful quantum computers in the world, in an interview with Decrypt.
On Thursday, top cryptographers will meet in Santa Barbara at the University of California for the National Institute of Standards and Technology (NIST) Post Quantum Cryptography semi finals. The finalists of the NIST competition will be announced in the months after the conference, though it might take years before the winner is annointed. Cryptographers say the standards that result represent blockchain’s best hope for resisting the rapidly encroaching power of quantum computers.
”If someone cracked your key, they could do anything they wanted,” Rob Campbell, President at Baltimore,Maryland-based Med Cybersecurity, told Decrypt. Anyone with sensitive information on the blockchain—cash, personal data, medical records—is at risk. With that sort of information, quantum hackers could “forge your name, take your assets,” and, if there’s medical data to be found, maliciously “triple your dose,” said Campbell. “It’s an open door.”
Take the Bitcoin blockchain: an unencrypted public key is sent along with every bitcoin transaction, and left unencrypted during the time it takes for the network to confirm the block, around ten minutes. That’s theoretically more than enough time for a quantum-equipped hacker to calculate a private key from the public key and replace the recipient’s address with his own.
Que Quantum?
Transistors in conventional computers capture data in terms of 1s and 0s. Is the sky blue today? If it is, 1. If not, 0. Computing is essentially combinations of these calculations: have enough transistors, you can compute almost anything.
With quantum computers, it’s possible for the same input, called a qubit, to represent both 0 and 1 at the same time, a non-binary state known as “quantum superposition”—think Schrödinger's dead-and-alive cat. This makes quantum computers exponentially more powerful; one lone, superpositioned qubit can handle the processing load of at least two full-sized transistors on a regular computer.
Using modified versions of “Shor’s algorithm,” a quantum algorithm that rapidly turns large numbers into prime factors, hackers could reverse the process that makes private keys so difficult to crack.
But at the moment, the best quantum computer is probably Google's Bristlecone quantum computer, which has 72 qubits. Miruna Rosca, a PhD student in post-quantum cryptography, tells Decrypt you’d probably need around 4000 qubits to break current cryptographic algorithms.
So how long do we have?
IonQ’s Allan, who creates quantum computers for a living, speculates it’ll take about a decade for post-quantum cryptography to become an issue. By then, he reckons, someone will probably have developed a quantum-resistant blockchain. Danny Ryan, a core researcher at Ethereum, thinks the same: “This isn't really a meaningful problem in the next 10 years and likely not for 20 to 30. That said, we tend to be bad at estimating things like this so we should be ready to transition sooner rather than later.”
But others say the problem requires immediate attention, and that—beyond the threat to Bitcoin—quantum computing could pose a major cybersecurity threat. Med Cybersecurity’s Rob Campbell says that a government armed with quantum decryption software could read all the world’s secrets.
A U.S. Navy signal officer by training, Campbell’s time in the classified research and development world has taught him that secret government technologies often outpace commercially available technology. “We were decades ahead of the commercial world,” he said. “We didn’t want any potential adversaries to know what our capabilities are.”
Even if Campbell’s claims seem ambitious, he points out that if an enemy security agency scrape all of your encrypted data today—which they certainly could—they’ll be able to decrypt all that data once they’ve built a powerful enough quantum computer. That’s enough to make developing quantum-resistant cryptographic techniques an issue of national security.
In any case, the arms race for quantum supremacy is well underway: China just spent $10 billion on a research center for quantum computers, and the U.S. has pumped hundreds of millions of dollars into the field.
Quantum-resistant techniques
Quantum computing can be just as effective for cryptographers as it is for hackers. Unobserved, superpositioned particles exist in multiple states, but when detected, they “collapse” to one point in space-time. Quantum cryptography has the same properties; because the protons that make up an encoded transaction shift upon observation, a successful attacker would have to break the laws of physics to intercept it.
This makes information encoded at the quantum level resistant to, among other things, so-called “man in the middle attacks,” where attackers intercept the transmission itself without having to decrypt the key.
A few blockchains claim to apply quantum-resistant techniques to ensure signatures and hashes remain encrypted, including QRL, IOTA, HyperCash, and Starkware. But with quantum computing still in its formative years, it’s difficult to determine the strength of these claims.
Until a quantum-resistant algorithm is tested and accepted by the wider academic community, there’s no assurance that any of these blockchains will be resilient enough against quantum computers. Scientists like Campbell are waiting on the results of next week’s NIST competition at UCAL-Santa Barbara; the final winners might not be announced for a few years, however. NIST tentatively expects drafts for standardisation will be completed around 2022.
“These winners are considered to be the best candidates on Earth and will likely go on to be standard cryptography and will be used by most of the planet,” says Campbell.
But developing the algorithm might not be the difficult part for large blockchains like Ethereum or Bitcoin. Whereas owners of centralized protocols can update the system as they please, blockchains, democratic by nature, require broad consensus among many thousands of miners to pass an upgrade.
In the case of an upgrade, all wallets that aren’t quantum-resistant become vulnerable to attack. That includes the 1 million bitcoins mined by Bitcoin’s pseudonymous inventor, Satoshi Nakamoto—if those aren’t migrated to a new, quantum-resistant wallet, they’re treasure for the first person with a powerful enough quantum computer.
“If high powered quantum computers appeared tomorrow,” said Ethereum’s Ryan, “we'd have many more problems than just the security of our blockchains.”
A 2019 National Academy of Sciences report concludes that, even if quantum computing is about a decade off, prioritising research is necessary to minimize “the chance of a potential security and privacy disaster.” Best get cracking, then.
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Back in 2009, Satoshi Nakamoto probably wasn’t overly concerned about advancements in quantum computing when he developed Bitcoin’s key encryption. Even now, quantum computing is still quite far off adoption levels that could be classed as mainstream, with only a handful of companies possessing the technology. But developments do mean that the threat that quantum computing poses to blockchains is starting to become real.
Currently, the key encryption used by blockchains such as Bitcoin and Ethereum is what keeps funds safe. Key encryption relies on a mathematical principle known as prime number factorization, which links the public and private key. The private key is based on prime numbers that are multiplied together to form the public key. Beyond numbers of a certain size, it becomes near-impossible to work out which prime numbers were multiplied together to generate the public key.
Current encryption standards use a length of 309 digits. This number is based on research that took place in 2009, where a single computer was used to try and factor a prime number 232 digits long. It took the equivalent of 2,000 years, which, believe it or not, was deemed too risky. So, the 309 standard prevailed.
Quantum computers can conduct many more thousands of calculations per second than current machines can handle, even considering the network effect of blockchains. The scary thing is that the pace of development now means that it’s likely that quantum computers could soon break the 309 digit encryption that’s used across many modern systems today - including many blockchains.
So Why Is This a Blockchain Problem? In terms of the quantum risk, blockchains are in a uniquely dangerous position due to the fact they’re decentralized. Any centralized entity can upgrade its encryption standards to a quantum-resistant level. But upgrading all of the active wallet addresses in a blockchain network is a more challenging effort.
Because it is an evolving technology, in the future we will need more and more powerful CPUs in order to speed up some of the core functions like the Bitcoin Hash and to make transaction faster and safer, in particular because every day more new people want to buy and invest in cryptocurrency.
Consider that currently, on any given day, the Bitcoin blockchain alone averages around 300-400k transactions. Each time a transaction is sent, the public key is exposed for the duration between the sending and the block confirmation. In this time, which averages 10 minutes, a quantum computer could have the opportunity to brute-force the private keys for all the transactions in each block. If they succeed, they could swipe the funds the second they reach the recipient address.
But it’s not all doom and gloom. Several projects are currently developing quantum-resistant blockchains that are more likely to be future-proof, should the quantum threat come to fruition. All of them have done away with prime number factorization in favor of post-quantum cryptographic methods.
QRLQuantum Resistant Ledger (QRL) was the first blockchain project to set out to become quantum-resistant. It has a singular vision - to ensure quantum resistance. QRL uses Extended Merkle Signature Schemes (XMSS) in place of prime number factorization for the generation of key signatures. This involves generating key pairs using cryptographic hashing. It’s a similar idea to block hashing in a blockchain.
QRL key pairs are single-use and are tied together in a Merkle tree - again, a similar method to what Bitcoin uses to group transactions. By using hash-based cryptography, QRL signatures are more resistant to quantum attacks.
Currently, QRL only operates as a cryptocurrency; however, future upgrades are planned that will introduce smart contract functionality.
QANIn contrast to QRL, QAN is developing a full-featured quantum-resistant smart contract platform straight off the bat. It’s also using a different variant of post-quantum cryptography called lattice-based cryptography, which is believed to provide some of the strongest quantum-resistance.
The underlying theory and calculations demonstrate this robustness and have been in development by mathematicians for over a decade now. So far, QAN is the only platform that has developed this work into a practical solution. QAN has also baked this quantum-resistance into its smart contract transactions, by requiring the lattice-based signatures for every single transaction on the network.
Other features include fixed transaction prices in fiat currency, designed to make the platform more attractive to enterprises. The fact that QAN is a permissioned ledger will also help its enterprise appeal. Furthermore, it offers multi-language programming support, meaning developers can write applications in languages already familiar to them.
HyperCashHyperCash, also known as HCash, also uses lattice-based signatures. They’re of a different variant to QAN, but with the same goal of achieving quantum resistance.
HyperCash aims to become an interoperability solution, enabling the transfer of cryptocurrencies and other digital assets between blockchains. It achieves this by operating two chains, one main chain called HyperCash, and a second chain called HyperExchange, which focuses on the interoperability.
HyperCash is firmly targeted towards the crypto purists, operating a decentralized autonomous governance model, and using the same zk-SNARKs protocols as privacy coin zCash.
Despite that the quantum threat could still be years off, it’s critical that today’s blockchain solutions are starting to future-proof themselves. As it gets closer, there’s every chance that crypto users will start clamoring for quantum-proof solutions. Therefore, it’s reassuring to know that at least some projects are taking this seriously. If Bitcoin really is under threat, then it may only be a matter of time before individuals and institutions start a mass exodus towards its quantum-resistant cousins.
Last week, Google announced it had achieved a breakthrough in quantum computing. In the leading scientific journal, Nature, Google published a claim that it had achieved “quantum supremacy”—by creating a computer that could complete calculations that even the world’s fastest supercomputer could not.
Whereas regular computers use bits, which perform calculations in the form of 1s and 0s, quantum computers use qubits, transistors that can register 1s and 0s at the same time, exponentially increasing computer power and speed.
Blockchain’s cryptography relies on the fact that it’s very hard to calculate private keys from public ones. Private keys are encrypted, and it would take the largest supercomputer thousands of years to crack them. But with the right quantum computer, cracking this code would be trivial.
Industry experts estimate that it’d take at least a decade for this to become a problem. To prepare, leaders in the cryptography field are hard at work on developing new, quantum-resistant cryptographic techniques that could one day be used to secure blockchains. Let’s take a look at what’s going on:
1. The NSA is developing quantum-resistant cryptography. “In the summer of 2015, NSA announced its intention to transition NSS to quantum resistant or post-quantum public key cryptography,” a spokesperson for the US National Security Agency tells Decrypt. Since then, the NSA has been working with industry leaders to “ensure that we have a robust set of quantum resistant algorithms ready to protect United States government systems”, and making sure that “all parties are prepared to make this transition.”
2. NIST is running a competitionA large competition to create post-quantum cryptographic algorithms is well underway. The National Institute for Standards and Technology (NIST) has received over 80 submissions for algorithms that are quantum resistant. This is important: NIST is the gold standard in the cryptography community. Once NIST gives the green-light to the winning submission, which will likely be around 2022, then bingo, we’ve found our quantum resistant algorithm, and blockchain is saved. The NSA will make use of the NIST submission, too: “The standards that NIST puts forward will be key to the cybersecurity of the entire United States government, as well as underpinning the security of many commercial, financial, critical infrastructure, and other systems,” a spokeperson tells Decrypt.
3. QRLSome blockchains are racing ahead of the NIST competition, promising post-quantum blockchains today. One such project, QRL, uses an extensible address format to ensure that it is “ready for anything out of NIST.” These claim to use quantum-resistant algorithms, but, because they’re so new, it’s difficult to work out just how effective they are.
4. PraxxisDavid Chaum, inventor of digital cash and founder of blockchain-based messaging and payments privacy platform Elixxir, is currently working on a “quantum-resistant” crypto project, Praxxis. He claims that it uses quantum-resistant signatures that protects users from leaked metadata, and that all will be revealed in Praxxis’ whitepaper when it’s made public later this year. Until then, though, there’s no way to verify his claims.
5. HyperCashCross-platform cryptocurrency HyperCash is future-proofing itself against quantum computing with a “quantum-resistant signature” on a “dual-chain ecosystem”. It proposes using post-quantum lattice RingCT protocols, in combination with “improved and optimized” zero-knowledge SNARKS, for added safety and security. Its signature scheme “supports multiple post quantum signature schemes”. Amongst its research committee are quantum-computing whizz kids, like Professor Gavin Brennan, director of the Macquarie Centre for Quantum Engineering, and Professor Miklos Santha, a principal investigator at the National University of Singapore’s Centre for Quantum Technologies.
6. IOTAIOTA claims that its Tangle is secure against post-quantum cryptography. Its Tangle is a “stream of interlinked and individual transactions”, which IOTA says is structured in such a way that would make it difficult for even a quantum computer to crack. IOTA also has a module called “Masked Authenticated Messaging,” which lets the blockchain “encrypt entire data streams and securely anchor those into the IOTA Tangle in a quantum proof fashion.”
Since quantum computers are so new, there’s still got a while to go before scientists work out how to crack cryptography with them—and the cryptography industry is working on a number of different approaches to deal with the threats posed by quantum computing.
But the stakes are high: quantum computers could soon be capable of decrypting all encrypted information, including bank accounts and government databases. For cryptographers—and cryptocurrency—time is of the essence.
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It is a common narrative in the digital asset industry that most of the time, Bitcoin is responsible for driving the market on a bullish surge. This is largely due to the fact that presently, Bitcoin dominates the crypto-market cap, with a dominance index of 66.3%, at press time.
However, over the past week, the tables may have turned a little in favor of the altcoins, with these crypto-assets outperforming the world’s largest cryptocurrency in some aspects.
According to Arcane Research, Bitcoin’s market-cap-weighted index has lagged behind mid-caps and small-caps, since the start of the year.
Source: Arcane Research
It can be observed that the Mid-cap crypto-index has led the way since 1 January, recording a collective growth of 47.19 percent. According to Weiss Mid-Cap Crypto Index, the registered growth is above 50 percent, at press time.
Weiss Crypto ratings for the Small-Cap Crypto-Index have been incurring a positive rise as well with a return of over 35% in 2020. The likes of Komodo, Sia, HyperCash, and Bitshares have earned a major bullish advantage over the bullish period.
For Mid-Cap altcoins, Dash has been a significant performer with a registered hike of over 100 percent. In fact, the growth briefly allowed Dash to break into the top 10 of the world’s top crypto-assets, before the altcoin failed to consolidate higher. Dash has registered a significant drop since, and it is down to 16th on the cryptocurrency rankings charts.
Bitcoin, however, has lagged behind all the indexes in 2020 as it registered a spike of only 21 percent in 2020. Moreover, it was also reported that BTC lost over 3 percent of its total market share over the past week, dropping down to 66% from 69% in terms of market dominance.
PANews reported on June 9th that BitMEX co-founder Arthur Hayes published an article titled "Reality Test," in which he systematically elaborated on his bearish views regarding the bursting of the AI bubble and the subsequent trend of the crypto market. Hayes believes that the conflict between the US and Iran has led to rising oil prices, which in turn has pushed up energy costs, ultimately harming the profit margins of AI companies and suppressing their growth expectations. He points out that the upcoming IPOs of the three major AI giants—SpaceX, Anthropic, and OpenAI—are overvalued, and the market cannot absorb such a massive supply, which will be one of the key factors in bursting the AI bubble. In addition, in order to address voters' dissatisfaction with inflation, Trump may adopt anti-AI rhetoric and policy stances in an election year, which will trigger market turmoil.
Based on this assessment, Hayes revealed that his fund, Maelstrom, has liquidated its positions in HYPE, NEAR, WLD, and ZEC. He stated that he will continue to hold Bitcoin and Ethereum, believing that Ethereum lacks dynamism but remains usable, while also establishing tactical short positions through derivatives to meet trading needs. Hayes believes that Bitcoin will decline in the short term due to the AI bubble, but will ultimately benefit from the post-crisis liquidity easing and rise.
Zcash has completed a two-phase emergency network upgrade to fix a critical vulnerability in its Orchard shielded pool — a flaw that sat undetected for four years, could theoretically have allowed unlimited undetectable counterfeit ZEC creation, and triggered a 50% price collapse before the network’s swift response began restoring confidence and driving a recovery in ZEC’s price.
Josh Swihart, CEO of Electric Coin Company — the primary developer of Zcash — posted on X on June 7 confirming the fix was complete and the network secure, as ZEC began its recovery from the lows reached after the vulnerability’s disclosure.
The post arrived at a critical moment for the asset: ZEC had crashed approximately 50% from a June 4 peak of $624 to $309 on June 5, wiping more than $3 billion from its market capitalization, per the BitMEX Blog’s documented timeline of the incident.
ZEC's price trends to the upside over the past 48 hours, as seen on the daily chart. Source: ZECUSD on Tradingview How The Zcash Bug Was Found — And What It Was The vulnerability was discovered on May 29, 2026 by security researcher Taylor Hornby during a protocol audit commissioned by Shielded Labs. Hornby identified a “soundness” flaw in Zcash’s Orchard zero-knowledge proof circuit — specifically an under-constrained element in the Orchard Action circuit that could allow invalid state transitions, creating a theoretical double-spending risk within the shielded pool.
The discovery was made using Anthropic’s Claude Opus 4.8 AI model alongside a custom analysis suite, per Shielded Labs’ official disclosure. Hornby and the AI developed a working proof-of-concept that successfully generated unlimited, completely undetectable counterfeit ZEC in a local test environment — described by one independent analyst as “about the worst kind of bug a cryptocurrency can have,” per Yahoo Finance’s reporting of the disclosure.
Critically, the flaw did not permit inflation of the total ZEC supply on the live network. Zcash’s internal turnstile accounting mechanism — which tracks the total value moving into and out of the shielded pool — confirmed no unauthorized value creation occurred while the flaw was active, per Shielded Labs’ official statement.
However, the organization acknowledged directly that due to the privacy properties of Orchard and the nature of the bug, there is no definitive cryptographic way to determine whether exploitation occurred — a limitation inherent to the shielded pool’s design that became its own source of market concern. The vulnerability had been present since Orchard’s activation in May 2022 — four years — without detection.
The Emergency Response Zcash’s development ecosystem responded with unusual speed. The first phase was an emergency soft fork deployed through Zebra 4.5.3, activated at block 3,363,426 on June 2, which temporarily disabled all Orchard transactions to remove the attack path while developers prepared the permanent fix.
Transparent and Sapling transactions continued operating normally throughout, per the Zcash Foundation’s official announcement on X. The second phase arrived on June 3 through the NU6.2 hard fork — activated at block 3,364,600 via Zebra 5.0.0 — which introduced a corrected circuit and a new verifying key, patching the flaw and re-enabling Orchard transactions, per the Foundation.
The market’s initial reaction to the hard fork was positive. ZEC rose from $544 on June 2 to $603 on June 3, continuing to $624 on June 4 — its highest level since the rally began. Then Arthur Hayes publicly disclosed he had exited his entire ZEC position intraday on June 4 — the same day as the peak — citing five macro factors including higher energy prices and upcoming AI IPOs, per his X post covered in prior reporting. The combination of Hayes’ exit and lingering uncertainty about whether exploitation had occurred before the patch sent ZEC to $309 on June 5.
The Recovery And What It Means Swihart’s June 7 X post — reassuring the community that total ZEC supply remained intact throughout and that the network had passed through the emergency without confirmed exploitation — appears to have been the catalyst for the recovery now underway. The swift two-phase response, combined with the Foundation’s transparent disclosure and Swihart’s direct communication, provided the confidence signal the market needed.
This development marks a pivotal and genuinely uncomfortable moment for Zcash’s long-term positioning in the nascent sector. A four-year-old vulnerability in the Orchard pool — the very component that defines ZEC’s core privacy value proposition — has been fixed cleanly and without confirmed exploitation.
But the structural irony that the privacy properties that make Zcash valuable also make it impossible to confirm the vulnerability was never used will remain a question mark the community will need to address as the recovery continues.
As of this writing, ZEC trades at around $430, recovering from its June 5 lows as confidence in the network’s security response gradually rebuilds.
Cover image from Grok, ZECUSD Chart from Tradingview
Arthur Hayes has turned sharply defensive on risk assets, warning that an AI stock-market unwind could spill into crypto before Bitcoin eventually benefits from the liquidity response that follows. In his June 9 essay “Reality Test,” the BitMEX co-founder said Maelstrom has cut several crypto positions while keeping Bitcoin and Ether as core holdings.
Hayes’ argument starts outside crypto, with oil. He frames the US-Iran conflict and reduced Strait of Hormuz traffic as the central macro variable for markets, arguing that higher hydrocarbon prices could feed inflation, constrain US political options and pressure the AI trade that has dominated capital allocation since late 2022.
“We start with oil and end with an election in Pax Americana,” Hayes wrote. “This story arc could produce a situation whereby the AI stock bubble pops and takes the entire crypto complex down with it. When the dust settles, then and only then, can Bitcoin rise from the ashes.”
Hayes Turns Bearish On Crypto And Risk Assets The core of Hayes’ thesis is that AI has absorbed the dollar liquidity that, in previous cycles, might have flowed more directly into Bitcoin and crypto. He notes that Bitcoin rose from around $15,000 after the FTX collapse to roughly $125,000 by October 2025, but says AI equities still outperformed, led by Nvidia’s 11x move over the same period. Since Bitcoin’s all-time high, he says BTC is down 50%, while Nvidia has still risen about 10%.
Hayes argues this divergence reflects where new fiat liquidity actually went. By his estimate, AI-related companies issued roughly $1.5 trillion of debt since November 2022, matching the $1.5 trillion increase in M2 over the same period. He adds that $1.3 trillion of that AI debt issuance occurred from 2025 onward, just as Bitcoin’s rally stalled.
“AI sucked up all created dollars,” Hayes wrote. “Bitcoin never had a chance.”
That is why, in his view, an AI correction would not immediately be bullish for crypto. Hayes expects a sharp drawdown in AI stocks to damage bank lending, tighten credit and destroy speculative capital before policymakers respond with fresh liquidity.
“Bitcoin cannot rally in the short term if the entire world takes serious losses from the deflation of the AI bubble globally. Eventually, it will bottom, then rise as Bitcoin forecasts an increase in liquidity to put Humpty Dumpty back together again. But right now, it’s about protecting one’s crypto capital.”
Hayes identifies three potential catalysts for the AI bubble to break: higher energy costs, supply pressure from major AI-linked IPOs, and anti-AI rhetoric from Donald Trump as election politics intensify. He argues that rising oil and natural gas prices directly raise the cost of producing AI tokens, compressing margins for model companies such as Google, Anthropic and OpenAI. If usage growth slows and earnings assumptions weaken, he says the market could begin questioning future data-center capex.
The IPO calendar is another pressure point. Hayes says SpaceX, Anthropic and OpenAI could test the market’s ability to absorb enormous supply at elevated valuations. He focuses in particular on SpaceX, writing that its S-1 implies investors would pay roughly 100x sales, with only 4% to 5% of shares floated initially. He says SpaceX would immediately become a $1.8 trillion company, ranking seventh globally by market cap, while its float could increase fivefold by early September.
Hayes also sees the Federal Reserve as unlikely to rescue risk assets immediately. He says the two-year Treasury yield trading more than 0.5 percentage points above the effective fed funds rate implies the market is pricing pressure for tighter policy, not cuts, ahead of the June 16-17 meeting. A “hawkish hold,” in his view, would add another headwind to AI equities and crypto.
The portfolio response has already started. Hayes said Maelstrom has moved long US-listed energy producers and exited several non-core crypto positions. “I dumped HYPE, NEAR, and WLD last week,” he wrote. “I also dumped ZEC because of the Orchard Pool bug. I wish I didn’t have to do that, but capital preservation is more important than capital appreciation.”
Bitcoin and Ether remain. Hayes described Ether as “dead but functional,” saying he has no immediate reason to liquidate it. For Bitcoin, his base case is more volatile: a near-term drawdown if the AI bubble bursts, followed by a stronger rebound once the financial system requires another major liquidity injection.
At press time, BTC traded at $62,638.
Bitcoin bulls must reclaim the 200-week EMA, 1-week chart | Source: BTCUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com
Bitcoin has soared above the $66,000 mark thanks to the easing of U.S. and Iran conflict. However, the BTC rally could be in danger due to Warren Buffett’s massive $397 billion fiat reserve.
How Warren Buffett’s Cash Pile Could Affect Bitcoin As per a report by BitMEX, the $397 billion position of Warren Buffett in cash and Treasury bills might have a downside effect on Bitcoin’s rally. The huge fiat stack is often viewed as an indicator of the lack of risk appetite across the global markets.
$397 billion. That’s the size of @WarrenBuffett cash pile. 14 consecutive quarters of selling.
At the 2026 Berkshire AGM, Buffett didn’t hold back: “We've never had people in a more gambling mood than now.”
The casino is winning. Here is what that means for crypto 🧵 pic.twitter.com/xqQN4LgIB5
— BitMEX (@BitMEX) June 15, 2026
After 14 straight quarters of net equity sales, Berkshire Hathaway has built up its cash to a record level. The report attributed the change to a tendency to be more cautious on risk assets as valuations are still elevated across markets.
BitMEX pointed out Warren Buffett’s views on the current market sentiment. During the Berkshire Hathaway’s annual meeting, he said “We’ve never had people in a more gambling mood than now.”
He went on to add that “the casino has gotten very attractive to people.” His comments had already weighed on the equity and crypto market sentiment earlier.
The report noted that, based on the market structure, Bitcoin is more sensitive to changes in the market mood than equities. The major scale difference it pointed to was the S&P 500 is valued at nearly $64 trillion and trades a volume of $200 billion every day. Meanwhile, Bitcoin is valued at around $1.2 trillion and has an average daily trade volume of $30 billion.
The correlation between Bitcoin and S&P 500. Source: BitMEX This difference, BitMEX explained, means that macro shocks impact Bitcoin in a more pronounced way. It added that a 10% decline in S&P 500 could signal a bigger downturn for Bitcoin. It’s because BTC is now becoming increasingly correlated with other assets and leveraged liquidations.
The BTC-S&P 500 Correlation Factor The report also cited Bitcoin’s “equity correlation.” BitMEX concluded that the BTC–S&P 500 correlation did not consistently trend upward over 2026, but rather experienced many peaks and valleys. Correlations, however, tend to increase during market stress, which can lead to an increase in the spillover risk.
Data on Buffett indicator. Source: BitMEX The Buffett Indicator, which measures total capitalization of the U.S. stock market against GDP, was another key indicator mentioned. In the past, Warren Buffett has called it “probably the best single measure of where valuations stand at any given moment.”
In recent times, the ratio is currently at over 210%, which is cited as a sign of overvalued equities in past cycles, BitMEX noted. Per historical data, the market has mostly witnessed a downtrend if the indicator hit such levels.
The report pointed out that the same circumstances have come before the previous market stresses. For context, Berkshire’s cash balance before the 2008 financial crisis of about $70 billion and about $128 billion prior to the pandemic shock of 2020.
Overview of Warren Buffett’s cash reserves at market peaks. Source: BitMEX Today’s $397 billion reserve is much more than the previous figures. Hence, it could put the equity markets under pressure. This sentiment could trickle down to Bitcoin and the overall crypto market owing to the strong correlation.
However, Buffett, who has long been critical of Bitcoin and previously derisively labeled it as “rat poison squared,” hasn’t issued a direct statement about crypto and his current holdings.
For those looking for decentralized futures trading, visit our page on Perp DEXs.
A crypto wallet that may belong to BitMEX co-founder Arthur Hayes has purchased 3,000 ETH worth roughly $5.42 million just after a US-Iran peace deal lifted sentiment across digital asset markets.
Hayes-Linked Wallet Received 3,000 ETH According to Lookonchain, the wallet possibly tied to Hayes received the 3,000 ETH from market maker Flowdesk on June 15. “A wallet possibly linked to Arthur Hayes received 3,000 ETH ($5.42M) from Flowdesk an hour ago,” the on-chain tracker wrote on X.
The purchase stands out given Hayes’s recent posture. Over the past two weeks, the Maelstrom chief investment officer had been cutting risk aggressively.
In his “Reality Test” essay published June 8, he liquidated his Hyperliquid, Near Protocol and Worldcoin holdings and exited Zcash, calling the moves defensive. He framed the selling as macro de-risking rather than a loss of faith in the projects, and kept Bitcoin and Ether as core holdings.
Even while trimming altcoins, Hayes has stayed structurally bullish on Ethereum. In a June 2026 thesis, he projected ETH reaching $10,000 to $20,000 before the end of the current cycle, citing macro liquidity expansion and Ethereum’s role as the collateral layer for DeFi.
The timing also comes amid a shift in the macro backdrop. On Sunday, President Trump declared the Iran deal complete, authorizing the reopening of the Strait of Hormuz and the removal of the US naval blockade, with a formal signing ceremony set for June 19 in Switzerland.
Bitcoin Tops $66.5K as Trump Says Hormuz Shipping Resumes As reported, Bitcoin surged past $66,500 on Monday after Donald Trump posted on Truth Social that maritime traffic through the Strait of Hormuz had resumed more freely. He wrote that ships, many loaded with oil, were moving out of the strait along a southern route he described as safe and secure.
The remarks signaled improving shipping flows through a critical chokepoint for global crude, sparking a risk-on mood that pushed BTC up 3.5% to $66,570 at press time, leading gains across major cryptocurrencies.
Crude oil prices, meanwhile, dropped 5.13% to $80.53 per barrel. The inverse relationship matters. When oil spiked above $100 during the height of the conflict, Bitcoin had crashed below $60,000 as capital fled risk assets. With supply fears now easing, some analysts believe the strait’s reopening could have a lasting positive effect on Bitcoin and the wider crypto market.
Still, the broader market reaction has been guarded. Traders remain skeptical of a lasting turnaround, with more than $4.8 billion having exited US Bitcoin ETF products since May, and previous Middle East ceasefires this year collapsed before holding.
Ethereum has surged nearly 6% and attracted fresh whale buying after a reported U.S.-Iran peace agreement improved risk sentiment across global markets.
Summary
A wallet reportedly linked to Arthur Hayes received 3,000 ETH worth $5.42 million as Ethereum rallied following news of a U.S.-Iran peace agreement. Ethereum climbed nearly 6%, while another whale, geministar.eth, accumulated 21,136 ETH worth about $37 million from Binance. Technical indicators show ETH breaking above a multi-week downtrend, with analysts eyeing the $1,850-$1,860 resistance zone. According to on-chain tracker Lookonchain, a wallet possibly linked to BitMEX co-founder Arthur Hayes received 3,000 ETH worth approximately $5.42 million from market maker Flowdesk on June 15. The transfer came as Ethereum rallied alongside other cryptocurrencies following signs that tensions in the Middle East may be easing.
The purchase follows a period in which Hayes had been reducing exposure to several altcoins. In his June 8 essay titled Reality Test, the Maelstrom chief investment officer disclosed that he had sold positions in Hyperliquid, Near Protocol, Worldcoin, and Zcash.
Hayes described the moves as a defensive response to macroeconomic risks rather than a rejection of those projects, while noting that Bitcoin and Ethereum remained among his core holdings.
Ethereum extends gains as risk appetite returns Support for risk assets strengthened after U.S. President Donald Trump announced that a peace deal with Iran had been completed. Trump said shipping traffic through the Strait of Hormuz had resumed and that vessels carrying oil were once again moving through what he described as a secure route.
The development triggered a sharp decline in energy prices. Crude oil fell more than 5% to around $80.53 per barrel, easing concerns that disruptions in one of the world’s most important energy corridors could fuel inflation and weigh on financial markets.
Ethereum responded strongly to the change in sentiment. At press time, ETH traded near $1,828 after climbing almost 6% over the previous 24 hours. The move pushed the asset to its highest level in more than a week and helped it outperform several major cryptocurrencies during Monday’s session.
Large investors appeared to be adding exposure during the rally. Separate data shared by Lookonchain showed that wallet address geministar.eth purchased 21,136 ETH worth roughly $37.05 million from Binance through a series of transactions on June 15.
Technical indicators point toward $1,850 test Price action has also improved from a technical perspective. On the daily chart, Ethereum has broken above a descending trendline that had capped rallies since late April. The move places ETH above the upper boundary of a bearish flag structure that had formed during the decline from roughly $2,400.
Ethereum daily price chart — June 15 | Source: crypto.news Momentum indicators have started to recover as well. The daily MACD has produced a bullish crossover, while the Chaikin Money Flow indicator has been moving higher, signaling that selling pressure is fading.
Additional upside could depend on whether Ethereum clears a key resistance zone near the 0.618 Fibonacci retracement level around $1,858. A successful move above that area would strengthen the argument that the recent breakout is invalidating the bearish flag pattern rather than confirming it.
Meanwhile, crypto analyst Ali Martinez pointed to a potential ascending triangle breakout on Ethereum’s four-hour chart. According to Martinez, confirmation of the pattern projects a move toward $1,850, placing the target almost directly in line with the resistance area currently being tested.
Even before the latest purchase, Hayes had maintained an optimistic outlook on Ethereum. In a June market thesis, he projected that ETH could reach between $10,000 and $20,000 before the current market cycle ends, citing expected liquidity growth and Ethereum’s position within decentralized finance.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
TLDR:Arthur Hayes ETH Purchase Emerges Through Flowdesk OTC TransferEthereum Trading Activity Picks Up as ETH Gains Momentum Arthur Hayes received 3,000 ETH worth about $5.42 million through a Flowdesk OTC transaction. On-chain records linked the transfer to a wallet previously associated with the BitMEX co-founder. The OTC structure reduced order book impact and avoided visible exchange-based buying pressure. Ethereum’s recent price strength has increased attention on large wallet accumulation activity. Arthur Hayes has added 3,000 ETH to a wallet linked to him, according to newly surfaced on-chain data. The transaction carried an estimated value of $5.42 million at the time of transfer.
Data shows the Ethereum was routed through Flowdesk’s over-the-counter trading desk rather than a public exchange. The move arrives as ETH records a strong daily gain and renewed activity across crypto trading markets.
Arthur Hayes ETH Purchase Emerges Through Flowdesk OTC Transfer Blockchain tracking data shared by Hupzy and sourced from Lookonchain showed a wallet associated with the BitMEX co-founder receiving 3,000 ETH.
📈 𝗔𝗿𝘁𝗵𝘂𝗿 𝗛𝗮𝘆𝗲𝘀 has purchased 𝟯,𝟬𝟬𝟬 𝗘𝗧𝗛 (~$𝟱.𝟰𝟮𝗠) via Flowdesk OTC, according to on-chain data. A wallet linked to the BitMEX co-founder received the ETH roughly an hour ago.https://t.co/xU3uC6VXE8
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: Hayes has a track record of large,… pic.twitter.com/XeA3xEQPCM
— Hupzy (Spot On Chain) (@hupzy_agent) June 15, 2026
The transfer occurred roughly one hour before the transaction was highlighted on social media. On-chain records indicate the assets were delivered through Flowdesk’s OTC infrastructure.
Unlike exchange-based purchases, OTC transactions allow large buyers to acquire assets without placing sizable orders on public order books.
That approach can help reduce market impact during execution. It also limits visible buying pressure that often accompanies large spot purchases.
The wallet identified in the transaction has been linked to Hayes through previous blockchain activity. The transfer therefore attracted attention across crypto trading communities.
According to the data shared by Hupzy, the transaction was valued at approximately $5.42 million based on prevailing Ethereum prices.
The purchase follows a period of heightened volatility for ETH, which posted a double-digit gain over the previous 24 hours.
Hayes has previously made large directional Ethereum bets, making his wallet activity closely watched by market participants.
Ethereum Trading Activity Picks Up as ETH Gains Momentum The OTC route used for the transaction stood out because it avoided immediate interaction with exchange liquidity.
Market participants often use OTC desks when executing large orders that could otherwise create price slippage.
Hupzy noted that the Flowdesk transaction structure reduced the likelihood of moving the market during execution.
Because the trade occurred away from public order books, no additional spot selling pressure emerged from the transaction itself.
Ethereum continued trading above recent consolidation levels following the transfer. Recent market action placed attention on the $2,450 to $2,500 range identified in the shared market commentary.
While the transaction represents a notable purchase, the data reflects activity from a single wallet rather than a broader market trend.
Lookonchain’s tracking data and Arkham-linked wallet records remain the primary sources confirming the transfer.
The development adds another closely watched Ethereum transaction to a market already seeing increased trading activity and renewed attention toward large on-chain movements.
A wallet associated with Arthur Hayes purchased about $5.4 million worth of Ethereum following positive changes in geopolitics. This happened after weeks of portfolio risk reduction, during which Hayes sold off some altcoins while retaining faith in Ethereum. BitMEX co-founder Arthur Hayes has been indulging in Ethereum accumulation, drawing the attention of institutional investors. According to Lookonchain, a wallet linked to Hayes received 3,000 ETH worth around $5.4 million from market maker Flowdesk. This transaction was seen to have occurred after optimistic geopolitical developments. Also, this move has lifted the market sentiment across worldwide financial and digital asset markets.
This move gained traction as Hayes had previously decreased his exposure to several high-risk cryptos. He had made such moves in the preceding weeks with Hyperliquid, Near Protocol, Worldcoin, and Zcash, due to macroeconomic factors. He stated that these moves were made purely as a defensive play rather than a lack of confidence in crypto markets.
According to market observers, the current Ethereum purchase is quite different from what Hayes has been doing lately, which involves risk aversion. Moreover, the purchase was made against a backdrop of positive sentiment in the markets due to the conflict settlement surrounding Iran.
Ethereum Buys Amidst Positive Risk Sentiment The recent purchase of Ethereum came amidst the uptick in crypto assets. And, among the positive indications of smoother shipment in the Strait of Hormuz region. Also, the price of oil decreased, further improving risk appetite for investors. It is important to note that prices of energy commodities usually play a big role in inflation expectations.
While making some changes to their investment portfolio recently, Hayes continues to see a bright future for Ethereum. His view of Ethereum was associated with its function as a part of decentralized finance and blockchain technologies.
Traders keep analyzing whether positive economic factors could bring recovery to the cryptocurrency market. Monetary policy decisions, geopolitics, and other similar factors are taken into account when investors assess how favorable the situation regarding market liquidity is. As a consequence, new purchases of ETH made by Hayes are also a very significant signal for the digital asset market.
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Maelstrom CIO and BitMEX co-founder Arthur Hayes has rejected accusations that he is using his X influence to create exit liquidity for his own trades.
The allegations came from on-chain investigator ZachXBT, who accused Hayes of promoting cryptocurrencies such as Zcash, NEAR Protocol, and Hyperliquid before selling his holdings and leaving followers with losses.
How much exit liquidity was created from your followers over the past couple days?
First NEAR HYPE ZEC
Now WLD pic.twitter.com/vyDXwCHRwO
— ZachXBT (@zachxbt) June 6, 2026
Hayes Denies Claims In response, Hayes argued that he neither manages money for others nor provides financial advice. He stressed that he never instructs people to buy, sell, or hold any asset.
According to Hayes, his posts simply disclose his personal investment decisions. He emphasized that readers are free to agree or disagree with his views, conduct their own research, and make independent investment choices.
Furthermore, Hayes challenged critics to find any instance where he explicitly told followers what they should do with their money. Instead, he maintained that he merely shares what he is doing and leaves investment decisions entirely up to his audience.
Hayes also acknowledged that a large percentage of his market predictions—roughly 70% to 90%—turn out to be wrong. However, he argued that successful investing does not require a high win rate.
Instead, Hayes explained that he generates profits by allocating larger amounts of capital to ideas in which he has the highest conviction while limiting exposure to lower-confidence trades. As a result, his winning positions can outweigh losses from incorrect calls.
Crypto Enthusiasts React Meanwhile, Hayes is known for publicly disclosing his trades on X, where he has amassed more than 802,000 followers. He has frequently shared his positions in tokens such as ZEC, HYPE, NEAR, and WLD.
Notably, Hayes often updates followers when he exits positions after losing confidence in a project. Critics, including ZachXBT, argue that this pattern of publicly promoting tokens and later selling them effectively turns followers into exit liquidity. Hayes, however, maintains that he is simply documenting his investment activity rather than encouraging others to copy his trades.
Given his influence in the crypto market, some interpret his remarks as indirect signals that may guide investor behavior.
Hayes Returns to Ethereum Meanwhile, Hayes appears to be rebuilding his exposure to Ethereum after previously dumping his entire holdings. Last year, he sold nearly 1,900 ETH to rotate capital into decentralized finance (DeFi) tokens.
However, recent on-chain data shows that Hayes has resumed accumulating Ethereum. He purchased 1,400 ETH yesterday, bringing the wallet’s holdings to 4,400 ETH, valued at about $7.78 million. This move suggests renewed confidence in Ethereum despite his earlier shift toward alternative crypto investments.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Hayes Keeps Adding to His ETH PositionBitMEX co-founder Arthur Hayes (@CryptoHayes) has purchased another 1,500 $ETH worth roughly $2.63 million, according to Arkham data. The buy is the latest in a series of on-chain moves that have made Hayes one of the most closely watched accumulators in the Ethereum market this month.
The purchase adds to a broader pattern flagged by on-chain trackers throughout June. Lookonchain reported that a wallet associated with Hayes bought another 1,400 ETH worth around $2.51 million, adding to a steady accumulation streak in line with a pattern where Hayes-linked addresses scooped up about $5.4 million in ether following signs of easing tensions in the Middle East.
That earlier tranche came on June 15, when a wallet possibly linked to Hayes received 3,000 ETH worth approximately $5.42 million from market maker Flowdesk, according to on-chain tracker Lookonchain. The OTC structure reduced order book impact and avoided visible exchange-based buying pressure.
A Deliberate Reset, With ETH as the Core HoldingThe renewed buying comes after a period in which Hayes trimmed his broader crypto exposure. In his June 8 essay "Reality Test," the Maelstrom CIO disclosed selling positions in Hyperliquid, Near Protocol, Worldcoin, and Zcash, framing those exits as defensive responses to macro uncertainty rather than thesis changes. Bitcoin and Ethereum remained explicit core holdings throughout that rotation, making the Flowdesk-sourced ETH purchase a re-loading of a position he never fully abandoned.
Hayes has been consistently bullish on Ethereum's longer-term trajectory. Even while trimming altcoins, Hayes stayed structurally bullish on Ethereum. In a June 2026 thesis, he projected $ETH reaching $10,000 to $20,000 before the end of the current cycle, citing macro liquidity expansion and Ethereum's role as the collateral layer for DeFi.
The accumulation is not happening in isolation. On-chain data shows accumulation addresses bought over 1.11 million ETH in a single week, the highest accumulation rate recorded so far in 2026. Whether the weight of those inflows can establish a durable price floor for $ETH remains to be seen, but the direction of large-wallet activity is clear.
Sources:
Arthur Hayes scoops up $5.4M in Ethereum after Iran deal (Crypto.news)
Ethereum Whales Load Up: Arthur Hayes-Linked Wallet and Geministar Scoop up Tens of Millions in ETH (Bitcoin.com News)
Ethereum Accumulation Hits 2026 High as Arthur Hayes-Linked Wallet Buys $5.4M (CoinCentral)
Arthur Hayes, the founder of BitMEX and a closely followed figure in the cryptocurrency market, has reportedly purchased Ethereum (ETH). According to information shared by the on-chain data platform Onchain Lens, a wallet address allegedly linked to Hayes purchased a total of 1,500 ETH through market maker and liquidity provider Cumberland.
The transaction, reportedly worth approximately $2.63 million, has attracted attention within the cryptocurrency community. Given the recent focus on Ethereum’s price performance and the interest from institutional investors, this transaction by a wallet allegedly linked to Hayes is seen as an indicator of positive expectations for the market’s future.
Arthur Hayes stands out as one of the most influential figures in the cryptocurrency sector, thanks to his past market analyses and bold price predictions. In recent years, his assessments of Bitcoin and Ethereum, in particular, have been closely followed by investors, and his transactions are considered important signals regarding market sentiment.
Analysts note that the continued accumulation of Ethereum by large investors and high-capital wallets indicates sustained long-term confidence in the asset. However, experts emphasize that a single transaction is not enough to determine market direction, and investors should also monitor broader indicators such as macroeconomic developments, network activity, and institutional demand.
Ethereum maintains its leading position in decentralized finance (DeFi), tokenization, and smart contract applications, and large-scale purchases indicate continued market interest. The latest transaction from a wallet reportedly linked to Arthur Hayes is considered a new example of this interest.
*This is not investment advice.
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Arthur Hayes has shared one of his most bullish crypto outlooks yet across two recent interviews, one with Michaël van de Poppe, New Era Finance podcast and another with Bankless.
The former BitMEX CEO tackled a question many crypto investors have been asking. Why hasn’t Bitcoin made a major move despite growing institutional adoption and favorable long-term fundamentals?
“Bitcoin hasn’t performed because AI took all the money. There’s no cash left to chase crypto.”Hayes says one of the main reasons Bitcoin and the broader crypto market have struggled is that investors have been pouring capital into AI-related opportunities.
In his view, AI has become the dominant investment theme over the past few years, attracting money that might otherwise have flowed into crypto. As a result, Bitcoin has been left competing for attention while AI stocks, infrastructure projects, and data-center investments soaked up liquidity.
“The implosion of the AI bubble is going to dwarf subprime.”One of Hayes’ strongest statements was his warning that the AI boom could eventually turn into a massive bubble.
He argues that huge amounts of capital have been allocated to AI over the last six to seven years, and at some point investors may realize many of these projects are not generating returns that justify the money being spent. If that happens, the fallout could be larger than the 2008 subprime mortgage crisis.
“The first response is going to be: we just need to shovel fiat money in.”Hayes believes that if an AI-driven financial shock hits the system, governments and central banks will respond the same way they have during previous crises, by injecting fresh liquidity into the economy.
According to him, financial authorities will likely print more money to stabilize banks and markets. That wave of liquidity is what he has been waiting for, calling it the “big print” trade.
“That capital goes straight to crypto.”Once investors lose confidence in AI investments, Hayes expects fresh capital to look for a new home.
His thesis is that crypto could become one of the biggest beneficiaries of that shift, especially if investors view digital assets as a better opportunity than struggling AI projects.
“Bitcoin a million.”The end result of this chain reaction, according to Hayes, is a dramatically higher Bitcoin price.
While the timeline remains uncertain, he says an AI bubble collapse followed by aggressive money printing could ultimately push Bitcoin toward the $1 million mark, making it one of the most bullish long-term predictions currently on Wall Street and in crypto.
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The VIX Fear Index for the US stock market stands at 18.63 today, with fear sentiment intensifying in the crypto market.
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Blockchain data infrastructure project Cambrian has closed a $6 million seed round, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, and other investors. The project previously raised a $5.9 million pre-seed round led by a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million. Cambrian currently provides institutional investors and AI Agents with real-time and historical data APIs covering on-chain yields, risks, lending markets, and trading activities, and plans to further build a verifiable data oracle network. Official data shows it has indexed over $4.5 billion in lending TVL, tracks more than 320,000 DEX liquidity pools, and currently supports Base and Solana, with plans to expand to additional ecosystems including Ethereum. The funds will be used to expand on-chain data coverage, accelerate oracle network development, and team recruitment.
4 minutes ago
Whale 0xbilly pulled off another "buy high, sell low" move, exiting with a $220,000 loss in a single day.
According to EmberCN’s monitoring, whale address 0xbilly liquidated 2,409 ETH in the early hours of today when ETH fell to around $1,569.5, worth approximately $3.78 million, with a total loss of roughly $220,000. Notably, this batch of ETH was purchased just one day ago for about 4 million USDC, at an average price of approximately $1,660.2. The address also previously bought 7,768.5 ETH at a high of $2,254 in March this year, valued at around $17.51 million, and exited via stop-loss four days later, incurring a loss of roughly $800,000.
4 minutes ago
Two whales opened a short position worth approximately $90 million on the S&P 500.
According to monitoring by Onchain Lens, two whale addresses are building short positions on the S&P 500, with a combined position of approximately $90 million. Details are as follows: Whale address "0x469" has opened 6,500 S&P 500 short positions, using 20x leverage, valued at around $48 million, with a liquidation price of $8,413.66. Whale address "0x4ff" has opened 5,686.66 S&P 500 short positions, using 7x leverage, valued at around $42 million, with a liquidation price of $8,358.13.
BitMEX co-founder Arthur Hayes is once again in the limelight, but this time due to his latest Ethereum movement. According to the latest market data, Hayes has offloaded a hefty amount of ETH, that he has purchased over the past few days at a loss.
Notably, he is known for buying tokens at a lower price and selling them at a higher price. Having said that, his latest move has sparked speculations while also triggering doubts over his long-term confidence in the Ethereum price.
Arthur Hayes Dumps Ethereum But Whales Remain Bullish The ETH price has struggled to break through the $1,700 support amid a gloomy sentiment recorded in the broader crypto market. At the same time, the latest move from Arthur Hayes has further weighed on the investors’ sentiment.
According to Lookonchain, Arthur Hayes has accumulated 5,900 ETH, valued at $10.58 million, over the past few days. The accumulation was done at an average price of $1,793 per Ethereum.
However, today, Hayes has dumped 6,000 ETH at $1,690 per coin, the report showed. In other words, he has sold 6,000 Ethereum at $10.14 million, resulting in a loss of $606k. This has fueled concerns, as Arthur Hayes is usually known for buying low and selling at higher prices.
Despite that, it seems that not everyone is bearish on the second-largest crypto by market cap. For context, another Lookonchain report showed that “whales are accumulating ETH.”
As per the report, K3 Capital bagged 10,000 ETH, worth $16.92 million, from Binance today. Simultaneously, Chun Wang-related wallet has scooped up 7,650 Ethereum, valued at $12.93 million, recently.
Source: Lookonchain ETH Price Struggles Near $1,700 Ethereum price has continued to stay in the negative territory, and rested near the $1,700 mark today. The crypto has touched a low of $1,670 in the last 24 hours, which highlights the immense selling pressure in the market.
Amid this, analyst Ted Pillows has sparked discussions about whether the ETH price can move towards the $1,900 mark ahead or not. Simultaneously, if selling pressure worsens, he suggested that the crypto might slip to $1,500 support next.
Meanwhile, these mixed signals, alongside Hayes’s latest Ethereum move, have fueled concerns among traders. It’s worth noting that Arthur Hayes has also dumped Worldcoin this month, ahead of the blockbuster SpaceX IPO.
In addition, he has also dumped his entire Hyperliquid (HYPE) holdings as well as NEAR tokens, which has further fueled concerns among traders. So, the investors are keeping close track of the Ethereum price movements now, before putting their bets into the asset.
Arthur Hayes, co-founder of BitMEX and a notable figure in the cryptocurrency industry, has closed a recent Ethereum position with significant losses. According to on-chain analytics platform Lookonchain, Hayes sold 6,000 ETH at an average price of $1,690 each, despite acquiring around 5,900 ETH at an average of $1,793 just days earlier. This resulted in an estimated $606,000 loss for Hayes, with the total sale value amounting to approximately $10.14 million.
Hayes exits, major wallets buy inLookonchain’s data suggests Hayes has taken a more cautious approach in the short term, a departure from his well-documented strategy of buying during dips and selling into market rallies. Hayes’ decision to exit at a loss has drawn considerable attention from market participants, as he is often regarded as an indicator of broader sentiment on Ethereum price direction.
Lookonchain reported that Arthur Hayes accumulated 5,900 ETH at an average of $1,793 over the past four days and then sold 6,000 ETH at $1,690, realizing a loss of approximately $606,000.
During the same period, other large investors moved in the opposite direction. K3 Capital withdrew 10,000 ETH from Binance, while a wallet associated with Chun Wang accumulated an additional 7,650 ETH. Altogether, these transactions saw 17,650 ETH accumulated by large players, signaling that some institutional investors viewed the current price levels as a buying opportunity.
Glossary: Lookonchain is an on-chain data platform tracking wallet movements across blockchains, highlighting major transfers and trading activity.
PartyActionAmountPrice/ValueArthur HayesSell6,000 ETH$1,690, $10.14 millionK3 CapitalWithdrawal10,000 ETH$16.9 millionChun Wang linked walletBuy/withdrawal7,650 ETH$12.9 millionEthereum holds key levels near $1,700Ethereum has lately been trading around the $1,700 mark. This level is significantly below the April peak, which topped $2,400, but sits above the June low of $1,507. Technical charts indicate the 78.6% Fibonacci retracement zone near $1,703 has become a focal point for traders monitoring potential support.
Technical indicators continue to show downside pressure. The Relative Strength Index (RSI) remains below the neutral 50 level, while the MACD oscillator persists in negative territory. Analysts note that these conditions suggest downward momentum for Ethereum has yet to abate.
The team at LAMBO observed a clear trading range for Ethereum between $1,500 and $1,800, emphasizing that a breakout from this band will likely dictate the direction of the next major move.
Support and resistance levels definedCoinGlass data shows that liquidity is concentrated between $1,780 and $1,820, with $1,800 in particular emerging as a significant resistance area due to strong order depth. If Ethereum can sustain a move above this zone, the $1,856 level is likely to come into play as the next possible target.
Conversely, analysts caution that losing support at $1,700 could see the market focus first on $1,620, then on the June low of $1,507. On the four-hour charts, Ethereum remains below a descending trend line that has capped upward attempts since early May, highlighting continued technical weakness.
The report also noted that Hayes has recently sold positions in other assets, including Worldcoin, Hyperliquid, and NEAR Protocol. These moves reinforce the view that Hayes has shifted to a more defensive stance across his portfolio in the current market environment.
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.
TLDR BitMEX co-founder Arthur Hayes has liquidated his entire altcoin portfolio, including positions in NEAR, Hyperliquid, and Worldcoin Hayes contends the artificial intelligence investment surge represents an unsustainable bubble likely to collapse between 2027-2028 He cautions that Bitcoin will not serve as a refuge during the AI trade unwinding and may experience significant declines Hayes anticipates central bank monetary expansion following the AI crash will ultimately propel Bitcoin toward $1 million His current strategy involves holding only Bitcoin for the long term while parking cash in US Treasury Bills Arthur Hayes, the co-founder of cryptocurrency exchange BitMEX, has liquidated his entire altcoin portfolio and is sounding the alarm that the ongoing artificial intelligence investment boom could severely impact cryptocurrency markets when it inevitably collapses.
Arthur Hayes: Selling Altcoins Because the AI Trade is About to Peak
On June 13, 2026, Arthur Hayes @CryptoHayes stated in an interview with Cointelegraph that he had liquidated his altcoin positions, including HYPE, NEAR, and Worldcoin. Reflecting on his previous macro… pic.twitter.com/LCM4PgRuCp
— Wu Blockchain (@WuBlockchain) June 21, 2026
Hayes shared these perspectives during a recent Bankless podcast episode and in subsequent interviews, outlining his thesis that AI has diverted substantial capital from cryptocurrency markets and that the reversal of this capital flow will have painful consequences for digital assets.
Complete Altcoin Exit Hayes disclosed that he has completely exited his holdings in Near Protocol, Hyperliquid, and Worldcoin, among other altcoins. According to Hayes, the risk profile of these positions had begun to exceed their potential reward.
He characterized his present investment stance as “permanently Bitcoin long,” while maintaining his fiat reserves in US Treasury Bills to generate yield.
His departure from AI-related cryptocurrency tokens is being interpreted by market participants as a significant bearish indicator. Since Near Protocol and Worldcoin both operate at the intersection of artificial intelligence and blockchain technology, abandoning these positions signals Hayes expects the broader AI-crypto narrative to collapse rather than simply shift.
Hayes also indicated he would allocate any fresh capital toward Ethereum instead of Bitcoin, describing it as offering better value and more compelling risk-reward dynamics at present valuations.
The Coming AI Collapse Hayes drew parallels between the current AI investment mania and the 19th-century railroad speculation bubble. He argued that corporations are operating under faulty assumptions regarding chip longevity, projecting five to six-year useful lives for hardware that becomes obsolete within two years.
He forecasts this miscalculation will severely impact financial markets by 2027 or 2028, potentially triggering a credit crisis exceeding the 2008 subprime mortgage meltdown in magnitude.
Hayes identified three critical vulnerabilities. First, escalating energy expenses undermine the profitability frameworks of AI enterprises. Second, United States regulatory policy toward AI companies could shift abruptly and adversely. Third, the anticipated public offerings of Anthropic and OpenAI will consume massive amounts of institutional capital, siphoning funds away from cryptocurrency and other speculative asset classes.
According to Hayes, AI has essentially suffocated capital flows into crypto. Investors pursuing AI equities capable of delivering 20x returns within six months have minimal incentive to allocate toward Bitcoin.
Bitcoin Won’t Provide Shelter Despite maintaining a bullish long-term outlook on Bitcoin, Hayes cautioned it will not remain insulated should the AI investment thesis unravel. He predicted Bitcoin would be “thrown out with the bathwater” during a widespread risk-off market event.
His projection holds that central banks will respond to an AI sector collapse by implementing aggressive monetary expansion. This newly created liquidity, Hayes contends, will ultimately find its way into Bitcoin since it cannot be redeployed into an AI sector that has already imploded.
This scenario represents Hayes’s roadmap to Bitcoin achieving a $1 million valuation. However, his outlook includes navigating through a severe downturn first.
AI-themed assets have been capturing capital even within cryptocurrency markets. AI-associated BRC-20 NFTs generated $17.8 million in weekly sales volume recently, demonstrating how the AI investment narrative has redirected attention and capital away from layer-1 tokens and decentralized finance protocols.
Hayes has exited this trade entirely. Whether other market participants will follow his lead before the cycle peaks remains an open question.
