Ethena [ENA] has entered a critical stabilization phase after weeks of persistent selling pressure. At press time, ENA was trading near $0.07127, barely above the $0.06993 cycle low.
This indicated that sellers were losing momentum, instead of accelerating further.
However, buyers still seem to lack conviction to trigger a meaningful reversal. So far, every recovery attempt has stalled below the 23.6% Fibonacci level at $0.07663. Repeated rejections might be evidence that demand remains weak despite slowing bearish momentum.
Source: ENA/USD on TradingView Meanwhile, On-Balance Volume flattened between -75 million and -84 million. The price made a fresh low and yet, cumulative volume failed to follow lower. Such a divergence means that sellers might no longer dominate with the same conviction.
Instead, patient buyers might be absorbing the supply gradually near press time levels. Even so, absorption alone cannot reverse the prevailing downtrend. Buyers must reclaim $0.07663 before sentiment can improve sustainably.
Doing so could expose $0.08413 and later $0.08748 as recovery targets. Otherwise, ENA losing $0.06993 would invalidate the developing base. That outcome could quickly expose the $0.06323 extension, reinforcing the broader bearish structure once again.
Institutional momentum builds around Ethena On the 29th of June, Ethena partnered with BlackRock, bringing its synthetic dollar, USDe, into the institutional spotlight. Additionally, it integrated USDe onto the Aladdin platform, which provides support to institutions whose total managed assets exceed $20 trillion.
Source: X Moreover, with BlackRock’s BUIDL fund becoming the primary backing asset for Ethena’s upcoming white-label stablecoin, this creates additional credibility within the institutional space and increases the accessibility of tokenized financial products.
In fact, whale transactions indicated that there are likely large-scale investors positioning themselves for potential opportunities surrounding the ecosystem. For instance – According to Santiment, $5.7 million in USDe was transferred to Bybit as part of one of the top 10 deposits over the last 24 hours.
Source: Santiment Stablecoins made up most of the largest exchange inflows, indicating there may be available capital to be used for future deployments. Larger, more substantial investors have shown their caution in transferring sizeable amounts of Ethereum [ETH] and stETH.
The mixed flow of these transfers may be a sign that many institutional participants might be positioning themselves for possible market opportunities. It might also mean that they are continuing to manage their downside risk given the uncertainty in the markets.
Final Summary Ethena [ENA] must reclaim $0.07663 to confirm a sustainable recovery and weaken the prevailing bearish structure. Ethena is attracting institutional attention, but cautious whale positioning is evidence of sustained market uncertainty.
ONDO, the native token of Ondo Finance, is drawing attention as it approaches a technically significant resistance zone, with both price structure and derivatives activity observed closely by market participants. At the time of reporting, ONDO trades at $0.3182, marking a 2.82% increase over the last 24 hours. The token recorded a daily trading volume of $64.95 million and a market capitalization of $1.55 billion.
Technical outlook: Resistance zone in focusCrypto analyst Umair Orakzai notes that ONDO’s price is nearing a resistance area regarded as crucial in technical analysis, often referred to as the “yellow rejection zone”. Despite this, a cautious tone dominates price action, with analysts warning that trading in such regions without confirmation could heighten risks for investors.
According to current technical patterns, $0.2850 serves as a key support level for ONDO. As long as the price stays above this threshold, the prevailing scenario is considered intact. However, should ONDO fall below this support in the near term, analysts suggest that the technical outlook would likely weaken.
Analysts highlight that after entering the resistance area, a bearish candlestick close or a breakdown in lower timeframes could serve as confirmation signals for investors considering short positions.
Traders seeking short positions are closely monitoring possible bearish closes in the resistance area, as well as structural changes in lower timeframes. The clearer the signal, experts say, the higher the probability of a successful trade.
Strong start for Ondo Perps in betaAccording to data shared by MSB Intel, Ondo Perps surpassed $1.5 billion in trading volume during its ongoing public beta phase. This surge underlines strengthening interest in the platform ahead of its official launch. Ondo Finance has built its reputation as a project specializing in the tokenization of real-world assets and decentralized finance applications.
Mini glossary: Perps refers to perpetual futures contracts with no set expiry date. Decentralized perps platforms allow users to open leveraged long or short positions on the blockchain without the need for an intermediary.
Exceeding this milestone during the beta phase suggests strong early user adoption. Interest in blockchain-based derivatives continues to grow in tandem with the expansion of the DeFi sector, making Ondo Perps increasingly visible in the decentralized derivatives market.
Broader market influences on ONDO and altcoinsThe recent uptrend in ONDO also reflects broader market conditions. Limited upward momentum in Bitcoin has positively impacted altcoins, and ONDO has generally followed this trend. Increased trading activity on the derivatives platform, combined with a rising market, provided short-term positive momentum for the token.
Reaching a trading volume exceeding $1.5 billion during the public beta positions Ondo Perps at a key threshold ahead of the project’s official launch.
Nevertheless, the market continues to seek direction. The response to the technical resistance zone and whether the $0.2850 support holds will play a decisive role in ONDO’s performance in the short term.
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.
Donald Trump's latest financial disclosure revealed that crypto ventures generated an estimated $1.4 billion of his 2025 income, eclipsing much of his traditional real estate business. The filing also spotlighted World Liberty Financial's growing ties with Pakistan, raising questions over potential geopolitical and conflict-of-interest implications.
IANSDuring his first term as president, Trump had publicly said he was "not a fan" of cryptocurrencies and described Bitcoin as being "based on thin air."U.S. President Donald Trump's latest mandatory financial disclosure has revealed the scale of his gains from the cryptocurrency boom, with businesses linked to digital assets, including some with connections to Pakistan, generating more revenue than much of the real estate empire that first built his fortune.
A 927-page disclosure filed with the U.S. Office of Government Ethics showed Trump earned at least $2 billion in revenue during 2025. Of this, an estimated $1.4 billion came from cryptocurrency ventures controlled by trusts that benefit him. The disclosure has renewed debate in Washington over potential conflicts of interest while also drawing attention to Pakistan's growing association with Trump's crypto business, a development that could have implications for India.
Trump’s crypto U-turnThe filing highlights Trump's dramatic shift on cryptocurrencies. During his first term as president, he had publicly said he was "not a fan" of cryptocurrencies and described Bitcoin as being "based on thin air." Since returning to the White House, however, he has rolled back much of the Biden administration's regulatory approach to digital assets, signed legislation supporting the sector and pledged to make the United States the "crypto capital of the world."
According to the disclosure, around $799 million in revenue came from Trump's interest in World Liberty Financial (WLF), the decentralised finance company that he co-founded, where he is listed as "co-founder emeritus." The company is managed by his sons, Donald Trump Jr. and Eric Trump. The filing also attributed roughly $636 million to sales of the $TRUMP memecoin launched shortly before his inauguration. Together, these businesses account for the bulk of Trump's newly reported wealth.
Also read: Crypto, real estate, watches: How Donald Trump made over $1 billion last year
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The filing further showed that CIC Digital LLC generated another $600 million through sales of Trump-themed meme coins and collectibles. Additional income came from licensing agreements and sales of Trump-branded Bibles, watches and sneakers.
The White House has maintained that there is no ethical issue because Trump does not directly manage these businesses and that administration decisions are made solely in America's national interest. Critics, however, argue that unlike several previous presidents who either divested assets or placed them in blind trusts, Trump continues to benefit from trusts overseen by his sons.
Trump & PakistanThe debate also extends into foreign policy. WLF has become closely associated with Pakistan's efforts to establish itself as a digital finance hub after years of strained ties with Washington. Earlier this year, Pakistan's Ministry of Finance and the Pakistan Virtual Assets Regulatory Authority signed a memorandum of understanding with a WLF affiliate to explore integrating the company's dollar-backed stablecoin, USD1, into Pakistan's regulated payments infrastructure. The initiative aims to support billions of dollars worth of remittances and cross-border transactions.
The signing ceremony in Islamabad was attended by Prime Minister Shehbaz Sharif, Finance Minister Muhammad Aurangzeb, Pakistan Army Chief Field Marshal Asim Munir and WLF Chief Executive Zachary Witkoff, the son of Trump's close associate and Middle East envoy Steve Witkoff.
For Pakistan, the partnership represents more than a financial technology initiative, the report said. It also signals a broader reset in relations with Washington, marking a sharp departure from Trump's first term between 2017 and 2021, when he accused Pakistan of giving the United States "nothing but lies and deceit", suspended hundreds of millions of dollars in military assistance and repeatedly alleged that Islamabad was sheltering terrorists while receiving American aid.
Read more: ‘Profiting from Presidency?’: Trump denies conflict concerns despite family’s $1.2 Bn Crypto income
Trump's rhetoric has since changed significantly. He has repeatedly praised Pakistan's leadership, particularly Field Marshal Asim Munir, while highlighting renewed cooperation on security and economic issues. Zachary Witkoff's engagement with Pakistani leaders, along with the leadership roles of Donald Trump Jr. and Eric Trump at WLF, has prompted foreign policy experts to question whether commercial ties could also influence geopolitical alignments, the report added.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Türkiye-based digital asset platform Paribu has launched DeFi access inside its main app, adding DEX trading, perpetual contracts through Hyperliquid, and Polymarket-linked option markets.
Summary
Paribu now offers Hyperliquid perpetuals and Polymarket markets through its main self-custodial DeFi app section. The platform opened a waitlist for NYSE, Nasdaq, and Borsa Istanbul stock trading access soon. Paribu says users can trade DeFi products without separate wallet apps, seed phrases, or transfers. The company also opened a waitlist for stock trading as it works to combine crypto, DeFi, yield products, and equities in one app.
Paribu said it is the first regulated exchange to offer both Hyperliquid perpetuals and Polymarket option markets through a centralized exchange interface. Users can access the DeFi section with their existing balance, without a separate wallet app, seed phrase, or new account. The company said each DeFi position remains self-custodial, while trades settle onchain through linked protocols.
DeFi access targets Türkiye’s retail market Paribu framed the launch around Türkiye’s active crypto market. The company cited TRM Labs data showing Türkiye ranked fifth globally in retail crypto activity, with $40 billion in volume in Q1 2026. The figure rose 7% year over year while global retail crypto volume fell 11%.
The company said many local retail users keep their main crypto holdings inside one app and have not used DeFi wallet tools. Paribu’s DeFi access is designed to let these users reach onchain markets without switching platforms. Its blog post on DeFi access says the wallet setup uses passkeys and recovery tools instead of seed phrases.
Hyperliquid and Polymarket enter the app The Hyperliquid integration lets Paribu users trade perpetual contracts from the DeFi section of the app. Trades route to Hyperliquid’s decentralized blockchain, while positions remain in users’ self-custodial wallets. Paribu said Hyperliquid has processed more than $4 trillion in cumulative trading volume.
The launch follows wider activity around Hyperliquid. As reported by crypto.news, Kalshi launched CFTC-regulated HYPE perpetual futures, lifting HYPE futures open interest to $2.48 billion. Moreover, crypto.news reported thatHyperliquid added validator-settled outcome markets under HIP-4, expanding beyond perpetual futures.
Paribu also added access to Polymarket markets through the same DeFi section. The company said it will list curated markets only, with each contract reviewed for integrity, liquidity, and risk profile before appearing in the app. Paribu serves as the interface, while execution and settlement happen onchain through Polymarket infrastructure.
The rollout comes as prediction markets face closer review in several jurisdictions. As crypto.news reported, the CFTC is preparing new rules that could affect Polymarket and Kalshi. Crypto.news also reported that the CFTC sued Kentucky to block state action against Kalshi, Polymarket, and related partners.
Stock trading remains pending Paribu is also preparing to offer equities. Its brokerage arm has received establishment authorization from Türkiye’s Capital Markets Board and is waiting for an operating license. The company said NYSE, Nasdaq, and Borsa Istanbul stocks will become tradable after the license process is complete.
For now, users can view real-time market data for U.S. and Turkish stocks inside the app. Paribu said the stock waitlist is open before trading goes live. Founder and CEO Yasin Oral said, “Paribu is becoming a single app for all of finance: crypto, DeFi, equities, and yield.”
The expansion follows other Paribu moves. Previously, crypto.news reported that Paribu’s $240 million CoinMENA acquisition led a weekly crypto funding period in December 2025. The company has also said Clave joined Paribu in 2026 to support passkey-based account abstraction and self-custody tools.
Johannesburg, South Africa, July 2nd, 2026, Chainwire
Africa’s largest crypto exchange by trade volume expands its derivatives architecture, integrating Hyperliquid to offer access to perpetuals on equities, indices, precious metals, commodities, forex, and crypto. This marks the first time a major regulated exchange has natively integrated an on-chain Layer-1 protocol to source liquidity and execute trades across global cross-asset perpetuals. Perps on VALR are set to go live on the web on Monday, 6 July, with mobile app availability to follow shortly after. VALR has announced the imminent launch of ‘Perps’, a new cross-asset class perpetuals product that introduces more than 200 markets to the platform. This expansion enables users to express directional views by going long or short with leverage across a comprehensive selection of global equities, commodities, precious metals, stock indices, forex pairs, and crypto assets. The launch adds to VALR’s established derivatives infrastructure, which pioneered the exchange’s initial perpetuals offering in 2023.
Strategic Infrastructure Integration with Hyperliquid The new product is delivered through an integration of Hyperliquid, a high-performance decentralised blockchain. Using Hyperliquid’s permissionless infrastructure, VALR users can open and manage positions directly on VALR, ensuring a seamless user experience.
Advanced Cross-Asset Market Exposure The inclusion of over 200 new markets marks a major development in the diversity of assets available through a single digital platform and marks the first time that a major regulated exchange has natively integrated an on-chain Layer-1 protocol to source liquidity and execute trades across global cross-asset perpetuals. The newly available contracts span multiple global asset classes, enabling traders to express their views on macroeconomic events and capitalise on volatility:
Global Equities and Benchmarks: Perpetual contracts on trending global enterprises and pre-IPO markets, including SpaceX, NVIDIA, Tesla, Apple, SK Hynix, Samsung, and Palantir Technologies, alongside exposure to leading global equity indices such as the S&P 500 and other international indices. Commodities and Precious Metals: Exposure to vital energy markets, including Brent Crude Oil, WTI Crude Oil, and Natural Gas, metals such as Gold, Silver, Platinum, and Copper. Foreign Exchange: Institutional currency pairs including EUR/USD, GBP/USD, and USD/JPY. Crypto Assets: Comprehensive coverage of the digital asset ecosystem, ranging from foundational protocols like Bitcoin, Ethereum, and Solana, to a wide selection of alternative layer-1 and layer-2 networks, decentralised finance tokens, and high-volume tokens. Gianluca Sacco, Chief Operating Officer at VALR, said:
“With this launch, we’re putting over 200 perpetuals markets directly inside the VALR app. 24/7 access to crypto, commodities, currencies, and equities – both listed and pre-IPO – all through the regulated exchange our customers already trust. Perps are how crypto traders take a view on price – a market now exceeding hundreds of billions of dollars in daily volume. We believe they will become how people trade every market. Our integration of Hyperliquid will give our users the deepest on-chain liquidity available anywhere. For VALR customers in South Africa and beyond, this is access to the markets that matter, in real-time.”
About VALR Founded in 2018, headquartered in Johannesburg, and backed by leading investors including Pantera Capital, Coinbase Ventures, and Fidelity’s F-Prime Capital, VALR is the leading digital asset exchange and infrastructure provider on the African continent, offering a comprehensive suite of products, including Spot Trading, Spot Margin, Perpetuals, Staking, Lending, Borrowing, OTC services, VALR Invest, Crypto Bundles, and VALR Pay. Licensed by South Africa’s FSCA, and with a provisional licence from the Cayman Islands Monetary Authority, VALR serves over 1.9 million registered users and 1,900 corporate and institutional clients worldwide. The exchange is dedicated to advancing a just financial future that upholds human dignity and the unity of mankind. For more information, visit valr.com.
About Hyperliquid Hyperliquid is a decentralised layer one blockchain best known for perpetuals and spot trading. It is the largest and most liquid decentralised exchange, with support for crypto and real-world assets, such as oil and precious metals. In addition, the ecosystem supports borrowing, lending, and a full-fledged EVM.
Risk Disclosure
Futures trading is provided by VALR DAM Pty Ltd, a licensed Financial Services Provider (FSP #54897) and Over-the-Counter Derivatives Provider.
VALR Perps order management, order execution, liquidation, margin requirements, position management, mark prices, and funding rates are managed by, and provided through, certain third-party liquidity provider(s). VALR acts only as an intermediary that enables account holders to access the services offered by such third-party liquidity provider(s) and disclaims any liability arising from or in connection with the acts, omissions, services, pricing, liquidity, order execution, system availability, or operational failures of such third-party liquidity provider(s).
Use of VALR Perps involves risk; please refer to VALR’s Risk Disclosures and Futures Terms of Service.
Johannesburg, South Africa, 2nd July 2026, Chainwire
[PRESS RELEASE – Johannesburg, South Africa, July 2nd, 2026]
Africa’s largest crypto exchange by trade volume expands its derivatives architecture, integrating Hyperliquid to offer access to perpetuals on equities, indices, precious metals, commodities, forex, and crypto. This marks the first time a major regulated exchange has natively integrated an on-chain Layer-1 protocol to source liquidity and execute trades across global cross-asset perpetuals. Perps on VALR are set to go live on the web on Monday, 6 July, with mobile app availability to follow shortly after. VALR has announced the imminent launch of ‘Perps’, a new cross-asset class perpetuals product that introduces more than 200 markets to the platform. This expansion enables users to express directional views by going long or short with leverage across a comprehensive selection of global equities, commodities, precious metals, stock indices, forex pairs, and crypto assets. The launch adds to VALR’s established derivatives infrastructure, which pioneered the exchange’s initial perpetuals offering in 2023.
Strategic Infrastructure Integration with Hyperliquid The new product is delivered through an integration of Hyperliquid, a high-performance decentralised blockchain. Using Hyperliquid’s permissionless infrastructure, VALR users can open and manage positions directly on VALR, ensuring a seamless user experience.
Advanced Cross-Asset Market Exposure The inclusion of over 200 new markets marks a major development in the diversity of assets available through a single digital platform and marks the first time that a major regulated exchange has natively integrated an on-chain Layer-1 protocol to source liquidity and execute trades across global cross-asset perpetuals. The newly available contracts span multiple global asset classes, enabling traders to express their views on macroeconomic events and capitalise on volatility:
Global Equities and Benchmarks: Perpetual contracts on trending global enterprises and pre-IPO markets, including SpaceX, NVIDIA, Tesla, Apple, SK Hynix, Samsung, and Palantir Technologies, alongside exposure to leading global equity indices such as the S&P 500 and other international indices. Commodities and Precious Metals: Exposure to vital energy markets, including Brent Crude Oil, WTI Crude Oil, and Natural Gas, metals such as Gold, Silver, Platinum, and Copper. Foreign Exchange: Institutional currency pairs including EUR/USD, GBP/USD, and USD/JPY. Crypto Assets: Comprehensive coverage of the digital asset ecosystem, ranging from foundational protocols like Bitcoin, Ethereum, and Solana, to a wide selection of alternative layer-1 and layer-2 networks, decentralised finance tokens, and high-volume tokens. Gianluca Sacco, Chief Operating Officer at VALR, said:
“With this launch, we’re putting over 200 perpetuals markets directly inside the VALR app. 24/7 access to crypto, commodities, currencies, and equities – both listed and pre-IPO – all through the regulated exchange our customers already trust. Perps are how crypto traders take a view on price – a market now exceeding hundreds of billions of dollars in daily volume. We believe they will become how people trade every market. Our integration of Hyperliquid will give our users the deepest on-chain liquidity available anywhere. For VALR customers in South Africa and beyond, this is access to the markets that matter, in real-time.”
About VALR Founded in 2018, headquartered in Johannesburg, and backed by leading investors including Pantera Capital, Coinbase Ventures, and Fidelity’s F-Prime Capital, VALR is the leading digital asset exchange and infrastructure provider on the African continent, offering a comprehensive suite of products, including Spot Trading, Spot Margin, Perpetuals, Staking, Lending, Borrowing, OTC services, VALR Invest, Crypto Bundles, and VALR Pay. Licensed by South Africa’s FSCA, and with a provisional licence from the Cayman Islands Monetary Authority, VALR serves over 1.9 million registered users and 1,900 corporate and institutional clients worldwide. The exchange is dedicated to advancing a just financial future that upholds human dignity and the unity of mankind. For more information, visit valr.com.
About Hyperliquid Hyperliquid is a decentralised layer one blockchain best known for perpetuals and spot trading. It is the largest and most liquid decentralised exchange, with support for crypto and real-world assets, such as oil and precious metals. In addition, the ecosystem supports borrowing, lending, and a full-fledged EVM.
Risk Disclosure
Futures trading is provided by VALR DAM Pty Ltd, a licensed Financial Services Provider (FSP #54897) and Over-the-Counter Derivatives Provider.
VALR Perps order management, order execution, liquidation, margin requirements, position management, mark prices, and funding rates are managed by, and provided through, certain third-party liquidity provider(s). VALR acts only as an intermediary that enables account holders to access the services offered by such third-party liquidity provider(s) and disclaims any liability arising from or in connection with the acts, omissions, services, pricing, liquidity, order execution, system availability, or operational failures of such third-party liquidity provider(s).
Use of VALR Perps involves risk; please refer to VALR’s Risk Disclosures and Futures Terms of Service.
About the author
Chainwire is a specialized crypto newswire service providing high-impact distribution for the cryptocurrency and blockchain industry.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
BlackRock’s flagship Bitcoin fund just hemorrhaged $219.41 million in a single day, roughly 3,648 BTC walking out the door. The July 1 redemption from the iShares Bitcoin Trust (IBIT) marks one of the largest single-day outflows the fund has ever recorded.
June was a bloodbath for Bitcoin ETFs US spot Bitcoin ETFs collectively saw approximately $4.06 billion in net outflows during June 2026. That’s the most substantial monthly redemption since these products launched.
IBIT, the largest spot Bitcoin ETF by assets, was the primary culprit. The fund accounted for roughly 73% of outflows during peak weeks, including a jaw-dropping $1.30 billion in redemptions during one late-June week alone.
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To put that in perspective, the entire month of May saw IBIT post a $528 million outflow that felt significant at the time. June made May look like a rounding error.
Bitcoin prices during this period traded in a range between $58,000 and $60,000 through late June, a compressed band that suggests sellers were meeting just enough buyer demand to prevent a full capitulation, but not enough to spark any meaningful recovery.
Institutional rebalancing, not panic selling These outflows represent BlackRock clients, primarily institutional investors, redeeming their shares. BlackRock itself isn’t dumping Bitcoin on the open market. The redemption process works through authorized participants who transfer the underlying Bitcoin to custodians like Coinbase Prime.
The pattern points to strategic portfolio rebalancing rather than a loss of faith in Bitcoin as an asset class. Higher Treasury yields have made risk-free returns more attractive. Macroeconomic uncertainty has pushed institutions toward more liquid, traditional assets. And shifting sentiment across risk markets has given portfolio managers reason to trim crypto exposure.
What this means for investors When institutional holders redeem ETF shares at this scale, it creates downstream selling pressure on spot Bitcoin markets. Authorized participants who process these redemptions need to offload the underlying Bitcoin, which adds supply to an already cautious market.
The $58,000 to $60,000 trading range during late June suggests the market found a floor, at least temporarily. The $219 million redemption on July 1 is not an encouraging start to July.
IBIT has been the dominant spot Bitcoin ETF since launch, which means its flows carry outsized influence on market sentiment. When IBIT accounts for nearly three-quarters of all outflows during peak weeks, it’s essentially setting the tone for the entire Bitcoin ETF ecosystem.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin rebounded above $60,000 during the July 1, 2026 trading session, recovering after weeks of decline. This move was driven by remarks from US Federal Reserve Chairman Kevin Warsh, who indicated that inflation pressures are easing. Warsh’s comments provided temporary relief to crypto markets following a turbulent quarter for digital assets.
Sharp intraday swings rattled marketsEarly in the day, Bitcoin had fallen as low as $57,803, marking its lowest level in 22 months. The digital asset then reversed direction and traded around $60,807 in the afternoon US hours, reflecting an intraday gain of about 3.7%.
On the technical front, Daan Crypto Trades noted that Bitcoin touched the 0.618 Fibonacci retracement level, calculated over the entirety of this bull cycle. The analyst highlighted that this area coincides with consolidation lows of summer 2024, and in previous cycles, advances have often begun from similar technical zones.
Mini glossary: Fibonacci retracement refers to a set of ratios used in technical analysis to measure how much of a prior upward or downward move has been reversed. The 0.618 level is among the most closely watched support and resistance zones for investors.
Kevin Warsh stated, “We will ensure price stability in the US and will not tolerate inflation remaining above the 2% target.”
Ted Pillows expressed that as long as Bitcoin stays below $60,000, sellers maintain the upper hand. Consequently, despite the day’s rebound, caution persists regarding the market’s direction.
Weak quarter and rate hike expectations pressured pricesBitcoin lost 14% in the quarter ending in June. Since the beginning of the year, the digital currency’s value is down 32%. The price now stands more than 50% below its October peak.
The Fed’s hawkish stance at its June meeting strengthened expectations for at least one additional rate hike this year. In a high-interest-rate environment, non-yielding assets like Bitcoin become more costly to hold. At the same time, increased interest in AI-related stocks has accelerated capital outflows from the crypto market.
Spot Bitcoin ETFs see record monthly outflowsUS-based spot Bitcoin ETFs recorded outflows totaling $4.5 billion in June 2026. According to SoSoValue data, this marks the largest monthly outflow since the products began trading in January 2024.
IndicatorDataTotal ETF outflow in June 2026$4.5 billionPrevious monthly record$3.48 billion in February 2025BlackRock iShares Bitcoin Trust outflow$3.55 billionTotal net assets$70.9 billionThe outflows recorded in June surpassed the previous monthly record of $3.48 billion set in February 2025 by roughly 29%. BlackRock’s iShares Bitcoin Trust was the main driver, posting $3.55 billion in withdrawals. In total, net assets across all US spot Bitcoin ETFs dropped from over $110 billion earlier in the year to $70.9 billion.
Daan Crypto Trades emphasized that while there were relief rallies at similar technical levels in earlier cycles, this cycle could differ in important ways.
Nevertheless, cumulative net inflows into these funds since their launch have remained above $51 billion. Despite recent heavy withdrawals, the long-term flow remains positive, drawing attention amid market volatility.
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.
Metaplanet just added another 2,823 Bitcoin to its balance sheet, pushing its total stash to 43,000 BTC. For a company that didn’t own a single satoshi before April 2024, that’s a remarkable trajectory.
The Tokyo-listed firm, which trades on the Tokyo Stock Exchange under ticker 3350.T and as an ADR under MPJPY in the US, has been on a relentless accumulation spree. This latest purchase puts Metaplanet in direct competition with Twenty One Capital, which holds roughly 43,514 BTC, for the title of third-largest corporate Bitcoin holder on the planet.
The numbers behind the buying binge To appreciate how fast Metaplanet is moving, look at the timeline. The company ended 2025 with 35,102 BTC. By March 31, 2026, it had reached 40,177 BTC after scooping up 5,075 BTC in Q1 alone, a haul worth approximately $398 million to $405 million at an average price between $78,000 and $80,000 per coin.
Now, with this fresh 2,823 BTC purchase, the total sits at 43,000 BTC. That’s a jump of roughly 22.5% from where the company started the year.
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The average acquisition cost across Metaplanet’s entire portfolio sits somewhere between $97,000 and $104,000 per BTC, depending on the reporting period. With Bitcoin trading well above that range in recent weeks, the company is sitting on meaningful unrealized gains.
Metaplanet has publicly stated its goal of reaching 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027. That means CEO Simon Gerovich and his team need to acquire another 57,000 BTC in roughly the next six months.
How Metaplanet keeps funding the machine Metaplanet has been financing its purchases through a combination of equity raises, debt arrangements, and mNAV warrants — a financing mechanism designed to let Metaplanet raise capital while managing dilution for existing shareholders.
The company also opened Level I ADRs for US investors in December 2025, giving American traders a straightforward way to get exposure to Metaplanet’s stock without the friction of buying on the Tokyo Stock Exchange. Level I ADRs don’t require full SEC registration, which makes them cheaper to issue, though they also come with trading limitations compared to higher-tier listings.
Gerovich has been tracking what he calls “Bitcoin yield,” a metric that measures how much additional Bitcoin per share the company generates through its treasury operations. That figure hit 2.8% year-to-date in recent reports.
What this means for investors The risk profile here is worth examining carefully. Metaplanet is using equity dilution and debt to buy a volatile asset. In a prolonged downturn, the company’s average cost basis of $97,000 to $104,000 per BTC becomes the line in the sand investors need to watch.
The 100,000 BTC target by year-end also deserves scrutiny. Acquiring 57,000 BTC in six months would require spending somewhere north of $5 billion at current prices, meaning Metaplanet will likely need multiple large equity raises and debt issuances, each of which carries execution risk and potential dilution.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
2 July 2026 | 10:19 Bitcoin retail inflows have hit record lows on Binance, while ETF holders are aggressively redeeming assets. Is this a structural market warning or a classic contrarian bottom signal?
Key Takeaways Retail inflows to Binance hit a record low of 329 BTC per day. That’s roughly 8x below the 2021 average and 11x below 2018. Bitcoin ETFs have seen about $8.48 billion in net outflows since May 6. Both point to the crowd exiting, but neither is a timing signal. Retail Never Showed Up This Cycle Data from CryptoQuant shared by analyst Darkfost, tracking Binance inflows under 1 BTC, a proxy for retail, against price since 2018. According to the analyst, retail inflows now average 329 BTC per day, the lowest in the exchange’s history. The historical contrast is the whole point:
Period Retail Inflows (avg/day) 2018 cycle 3,700 BTC 2021 peak 2,690 BTC Now 329 BTC That’s roughly an 8x collapse from the 2021 average and 11x from 2018, which saw a single-day record of 10,400 BTC. The telling detail: the 30-day average that spiked in every prior cycle (2018, 2021, 2023) flatlined near the bottom of its range through 2025-2026, even as Bitcoin ran above $100K. Every price top this cycle failed to trigger a retail spike. The cohort simply didn’t turn up.
Darkfost’s Explanation Darkfost offers several possible reasons, framed as his analysis. Retail may have chased exposure elsewhere this cycle, in altcoins or other assets. Spot Bitcoin ETFs may have captured investors and pulled them out of on-exchange activity into a wrapped vehicle. And some retail may simply be holding longer-term or waiting for better performance. His broader framing is that this cohort could be “going extinct” on Binance, with the market’s makeup shifting toward institutionalization.
The ETF Outflows Tell a Parallel Story The wrapped-exposure crowd is leaving too. According to Santiment, Bitcoin ETFs have combined for about $8.74 billion in net outflows since May 6, approaching the $10 billion mark. Santiment’s read is explicitly contrarian: it treats sustained outflows as a sentiment signal, where price tends to move opposite the crowd’s expectations over time, rather than a mechanical predictor of further downside. The longer the outflow streak, in their view, the more it reflects fear and capitulation than a fresh reason to sell.
Bitcoin ETF outflows. Their historical anchor is a mirror image. On October 6, 2025, ETFs saw +$1.21 billion in inflows, which Santiment marked as a “sell signal at ATH”, inflows peaking exactly as price topped. Now the inverse: heavy outflows clustering near the lows, which they read as a strong fear signal. Their thesis is that the best buying opportunities have historically come when ETF investors and retail are most eager to exit.
Where Price Sits Bitcoin trades around $60,185 at the time of writing, after reaching $61,050 and attempting to stabilize following the June decline that bottomed near $58,000. All three major moving averages sit well overhead as resistance, and momentum is recovering off the lows rather than reversing, a tentative steadying, not a confirmed turn.
Bitcoin daily price technical chart from TradingView. The Tension Between the Two Reads Both analysis frame the crowd’s exit constructively, but in ways that don’t fully fit together, and that’s worth being honest about. Darkfost reads it as structural institutionalization: retail replaced by institutions and ETFs. Santiment reads it as contrarian capitulation: weak hands leaving strengthens the bottom case. Both are reasonable, and both are interpretations, not confirmed outcomes.
The tension is real. If retail is structurally “extinct,” permanently migrated to ETFs as Darkfost suggests, then Santiment’s “they’ll capitulate and then return to buy” logic weakens, because you can’t get a retail-driven recovery from a cohort that has left for good. The two theses can’t both be fully true. Either retail comes back (supporting the contrarian bottom case) or it has structurally gone (supporting institutionalization), but not both.
What It Doesn’t Tell You The critical limit is that none of this is predictive. Retail being absent doesn’t mean price bottoms; it can equally mean the market has lost a demand source that historically drove rallies. Santiment’s own framing is careful, outflows “can pressure price in the short term” even as they build the longer-term bottom case, so the contrarian signal is a probabilistic historical tendency, not a timing tool.
What both datasets confirm is the phenomenon, not the outcome: the retail and ETF crowd is exiting Bitcoin at historic intensity. Whether that clears the way for a bottom or removes a demand driver the market needs is exactly what the data can’t resolve. It describes who has left, not where price goes next.
This article is for informational purposes only and does not constitute financial advice. Consult a professional before making investment decisions.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Key Highlights Wall Street firm Cantor Fitzgerald believes Bitcoin has entered the concluding phase of its bear market Analysis of past cycles points to a possible trough in late October 2026 BTC has declined approximately 51% from its 2025 all-time high, currently near $59,500 Analysts highlight Hyperliquid, Ethereum, and Bitcoin as prime selections for sustained value Coverage initiated on two digital asset treasury firms with bullish ratings Major Wall Street institution Cantor Fitzgerald projects that Bitcoin could reach its cyclical floor within the coming months. In a comprehensive Tuesday analysis authored by Gareth Gacetta and team, the firm stated that digital asset markets are transitioning into the terminal phase of the ongoing bearish period.
JUST IN: 🇺🇸 Wall Street bank giant Cantor Fitzgerald says Bitcoin is entering the final stages of the bear market 👀
"Ultimately, our belief is that we are only a few months away from the bottom of this pullback"🚀 pic.twitter.com/xuMK0sl2Eh
— Bitcoin Magazine (@BitcoinMagazine) July 1, 2026
Data as of June 10 reveals Bitcoin has been trading 252 days beyond its 2025 zenith, registering a roughly 51% decline. Analysis of the prior three market cycles shows Bitcoin historically reached its nadir an average of 384 days following peak prices. Applying this framework to current conditions suggests a potential bottom around late October 2026.
The financial institution emphasized that this analytical framework shouldn’t be viewed as an exact forecasting instrument. Variables including macroeconomic conditions, regulatory developments, and international political tensions could alter the timeline. However, the firm observed that cryptocurrency’s self-reinforcing characteristics mean historical patterns often repeat themselves.
At press time, Bitcoin was changing hands near the $59,500 level.
Bitcoin (BTC) Price The wider cryptocurrency marketplace has faced headwinds over recent months. An aggressive June correction, fueled by continuous ETF capital withdrawals, elevated borrowing costs, and diminished appetite for risky assets, drove Bitcoin more than 50% beneath its late-2025 record.
Ether alongside most prominent alternative cryptocurrencies have lagged Bitcoin throughout this downturn. Select segments, particularly decentralized finance protocols and asset tokenization projects, have demonstrated comparative strength.
Cantor’s Value Investment Thesis As markets approach a prospective inflection point, Cantor advised investors to pivot away from speculative positioning toward blockchain networks demonstrating sustainable value capture mechanisms.
The institution stressed that transaction volume alone doesn’t guarantee token appreciation. Projects positioned for long-term success must transform network activity into consistent revenue streams or enduring monetary demand.
Cantor identified Hyperliquid as the most transparent example of fee-based token economics, highlighting its buyback and burn mechanism. Bitcoin received recognition as the foundational monetary asset. Ethereum earned designation as the preeminent collateral infrastructure for onchain financial systems.
Solana, Sui, XRP, and Zcash each possess unique competitive advantages, according to Cantor’s assessment, though these networks must still demonstrate ability to convert ecosystem expansion into persistent token value.
The bank additionally spotlighted digital asset treasury corporations as an underappreciated investment category. It noted that leading companies in this space are evolving beyond simple cryptocurrency custody toward active operations generating yield and developing critical infrastructure.
Cantor launched coverage of Forward Industries and Cypherpunk Technologies with overweight recommendations. Price objectives were established at $7.90 and $0.90, respectively.
Broader Market Landscape Information from CoinShares indicates BTC-focused investment vehicles have dominated net capital inflows to cryptocurrency products throughout 2026. Nasdaq documented IPO volume reaching $129.3 billion on its exchange during the initial six months of 2026.
A Bitcoin recovery could serve as a trigger for increased exchange listings and venture capital deployment across the blockchain sector. Regulatory transparency from authorities like the SEC continues to represent a critical factor.
Primary downside threats include macroeconomic turbulence and regulatory ambiguity. Key upside catalysts encompass enhanced ETF infrastructure and more favorable market architecture.
Metaplanet, a publicly traded company based in Japan, continues to grow its Bitcoin investments. In its latest announcement, the company stated that it purchased an additional 2,823 Bitcoins. With this latest purchase, Metaplanet’s total Bitcoin holdings have risen to 43,000 BTC.
The company’s announced new purchase once again demonstrates the continuing trend of institutional companies viewing Bitcoin as a reserve asset. The recent addition of Bitcoin to the balance sheets of several publicly traded companies, in particular, reinforces the view that institutional adoption is strengthening in the cryptocurrency market.
Metaplanet has become one of the companies that has stood out in recent months with its Bitcoin-focused strategy. The Japanese company positions digital assets as a long-term treasury management tool, steadily increasing its total reserves through regular purchases. The recent purchase of 2,823 BTC is seen as a continuation of this strategy.
Metaplanet’s total holdings reaching 43,000 BTC make it more prominent among institutional Bitcoin investors. This move by the company demonstrates that Bitcoin is being adopted as a strategic asset not only by individual investors but also by publicly traded companies and institutional actors.
Market experts note that while such purchases may not have a direct, significant impact on the Bitcoin price in the short term, they send important signals supporting institutional confidence in the long term. In particular, the inclusion of Bitcoin in the reserve management of large-scale companies is seen as a development that strengthens the leading cryptocurrency’s position in the traditional financial world.
Analysts say Metaplanet’s latest move reflects the company’s long-term optimistic outlook on Bitcoin, and that similar purchases could increase across the market if institutional demand continues.
*This is not investment advice.
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Metaplanet has added 2,823 Bitcoin to its treasury, raising its total holdings to 43,000 BTC while second-quarter revenue from its Bitcoin income business fell.
Summary
Metaplanet bought 2,823 more Bitcoin, raising its total holdings to 43,000 BTC at an average overall cost of 15.3 million yen per coin. The company’s Bitcoin income business generated ¥1.747 billion in Q2 FY2026, down about 41% from the previous quarter. The latest purchase came as Metaplanet’s stock remained under pressure near its 52 week low, keeping investor focus on its Bitcoin NAV and capital strategy. According to Metaplanet’s July 2 disclosure, the Tokyo-listed company purchased 2,823 BTC at an average price of 12.7 million yen per coin, lifting its total Bitcoin balance to 43,000 BTC. The company said its overall average purchase price now stands at 15.3 million yen per Bitcoin.
The latest purchase keeps Metaplanet among the largest public corporate holders of Bitcoin, alongside companies such as Strategy and Twenty One Capital. The company had ended the first quarter with 40,177 BTC, bought for roughly $4.18 billion at an average cost of $104,000 per coin.
Bitcoin income revenue slows in Q2 Alongside the new Bitcoin purchase, Metaplanet disclosed that its Bitcoin Income Generation business recorded ¥1.747 billion in operating revenue for the second quarter of the fiscal year ending December 31, 2026. The figure was down from ¥2.969 billion in the first quarter and far below the ¥4.242 billion recorded in the fourth quarter of FY2025.
The second-quarter result represented a decline of roughly 41% from the previous quarter and nearly 59% from the Q4 FY2025 peak, based on the company’s disclosed figures. First-half FY2026 revenue from the business stood at ¥4.717 billion.
On a trailing-twelve-month basis, Metaplanet reported ¥11.396 billion in Bitcoin Income Generation revenue, up from ¥10.780 billion in the previous quarter. The company uses the trailing-twelve-month figure to present the business over a longer period rather than through a single quarter.
The income business has become a closely watched part of Metaplanet’s Bitcoin strategy because the company has used Bitcoin options as part of its treasury operations. The latest numbers show weaker quarterly revenue even as the longer-period figure remained higher than the previous quarter.
Metaplanet has set a long-term target of holding 210,000 BTC by the end of 2027, equal to about 1% of Bitcoin’s fixed supply. At the end of June, the company said it planned to accumulate roughly 170,000 more Bitcoin to reach that target, including the latest purchase.
The company has continued adding Bitcoin even as its stock has come under pressure in recent weeks and was seen touching a 52-week low.
The valuation debate has centered on Metaplanet’s mNAV ratio, which compares the company’s market value with the value of its Bitcoin-backed asset base.
In comments published on June 9, CEO Simon Gerovich said management would strongly consider common share buybacks if the company traded below the value of its underlying Bitcoin holdings, though he said the comments were not a formal buyback announcement.
Beyond Bitcoin accumulation Metaplanet is also moving to build services around its Bitcoin treasury. In a June 12 announcement, the company said it agreed to acquire Siiibo Securities for JPY 2.1 billion and convert the Japanese securities firm into a wholly owned subsidiary. The transaction is expected to close on July 13, after which Siiibo Securities will be renamed Metaplanet Securities.
Company documents described the deal as the first major acquisition under Project Nova, Metaplanet’s plan to build a Bitcoin-focused financial services ecosystem. The acquisition gives Metaplanet control of a Type I Financial Instruments Business Operator in Japan, which the company plans to use for Bitcoin-linked investment products and yield-focused offerings.
Metaplanet has also said it is pursuing Japan’s first listed perpetual preferred share product while building systems for recurring dividend distributions. The company has previously identified preferred shares, additional fundraising, and possible buybacks as capital allocation tools tied to its Bitcoin strategy.
FBI Director Kash Patel disclosed a purchase of between $100,001 and $250,000 in MicroStrategy stock roughly six months after the trade, breaching the STOCK Act reporting window.
According to NOTUS, Patel bought the shares on November 21, 2025, but only reported the transaction to federal regulators on May 26, 2026, stating he had “inadvertently omitted” it from an earlier filing.
Why Kash Patel’s MicroStrategy Trade Draws ScrutinyThe delayed filing has raised questions because it falls outside the STOCK Act’s reporting window. The STOCK Act, the Stop Trading on Congressional Knowledge Act, is a US federal law signed by former President Obama in April 2012.
The law requires covered federal officials to disclose securities trades worth at least $1,000 within 45 days. First-time violators face a $200 fine, which the Justice Department has not imposed on Patel so far, according to NOTUS.
MicroStrategy, rebranded as Strategy, ranks as the largest corporate holder of Bitcoin (BTC). The firm also works as a contractor for the federal government and has done millions of dollars’ worth of business with the Justice Department, which oversees the FBI.
Meanwhile, the bureau itself investigates cryptocurrency fraud, and Patel has publicly promoted its enforcement record, including a $15 billion Bitcoin seizure announced in October 2025.
The overlap raises questions about federal officials trading shares of companies tied to their agencies. However, late STOCK Act filings are not uncommon. According to NOTUS, more than 30 members of Congress submitted overdue disclosures over the past year.
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Ethics Officials and Watchdogs Split on the ViolationDeputy Assistant Attorney General William Taylor reviewed the amended filing, which attributed the delay to a “miscommunication.” In a May 28 letter, he said,
“I continue to believe that Director Patel is in compliance with applicable laws and regulations governing conflicts of interest.”
However, Dylan Hedtler-Gaudette of the Project on Government Oversight said the disclosure was “absolutely” late under the statute.
“That’s violating the law — no other way to put it,” he stated.
The trade has also proven costly. MicroStrategy stock has lost nearly 48% since Patel’s purchase date. In late June, BeInCrypto reported that MSTR dropped below $100 for the first time since March 2024, before the company announced a financial overhaul plan.
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Metaplanet, Japan’s most prominent publicly traded Bitcoin treasury company, pulled in $10.75 million in revenue from its Bitcoin income business during the second quarter of fiscal year 2026. That figure, announced on July 2, lands right in line with the company’s own forecast of roughly $11 million.
The Bitcoin income operation now represents the core of Metaplanet’s entire revenue engine. The Bitcoin income business launched in Q4 2024.
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How Metaplanet actually makes money from Bitcoin Metaplanet generates revenue primarily through premiums collected from cash-secured Bitcoin options. The company sells options contracts on its Bitcoin holdings, collecting fees (premiums) from buyers regardless of whether those contracts are exercised.
This strategy drove 95% of the company’s revenue growth in FY2025, according to the company’s disclosures.
The bigger picture: full-year guidance and Bitcoin ambitions Metaplanet’s guidance for the full fiscal year 2026 projects total revenue of approximately 16 billion yen, which translates to roughly $103 to $104 million. Operating profit is expected to land around 11.4 billion yen, or about $73 to $74 million. The vast majority of that revenue is expected to come from the Bitcoin income segment.
As of March 31, 2026, Metaplanet held 40,177 BTC on its balance sheet. The company has publicly stated its goal of holding more than 100,000 BTC by the end of 2026 and is targeting 210,000 BTC by the end of 2027. 210,000 BTC represents 1% of Bitcoin’s total fixed supply of 21 million coins.
Diversifying beyond options premiums In June 2026, the company acquired Siiibo Securities for approximately 2.1 billion yen, or about $13 million. The acquisition is designed to let Metaplanet offer Bitcoin-linked yield products to a broader investor base.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
In This Article Crypto News Today: SOL USD Spikes on News of Record Network ActivityCrypto Hackers Make Off With Nearly $76M in June as Attacks Slow: Sign of an Exhausted Market? In crypto news today (July 2), Bitcoin is sitting at $58,600, down another -1.2% over the past 24 hours as July continues to lean bearish for crypto. However, there was a brief rally overnight, which caused daily liquidations to spike to $448M, with $265M of that figure coming from short positions, highlighting that overleveraged bears were the biggest victims.
ETF flows are still bleeding heavily, with yesterday seeing a further -$296M in Bitcoin sold across various products, with BlackRock’s IBIT ETF accounting for $219M of that total. With IBIT selling more than $2.1Bn worth of BTC over the past 10 sessions, the worlds largest asset manager is firmly in control of current price action.
While nearly every major cap token is currently in the red over the past 24 hours, Stellar (XLM) and Cardano (ADA) are two of the more prominent projects in the green today, up +11% and +4.5% respectively. Daily trading volume continues to decline, currently at $75Bn, down from $82Bn yesterday.
With the brief overnight rally across crypto, the Fear & Greed Index spiked to 19/100, up from 11/100 yesterday, although most tokens have already retraced the move, which is likely to cause a drop back toward single digits on the next update.
Crypto News Today: SOL USD Spikes on News of Record Network Activity Solana is continually setting new records for network activity and ecosystem revenue. However, broader weakness in the cryptocurrency market is preventing these strong fundamentals from translating into sustained price growth.
A significant recent development is the launch of Solana Governance Proposals (SGP), a new on-chain governance system that enables validators and delegators to directly participate in decisions regarding the network’s future.
This initiative represents one of Solana’s most important steps towards greater decentralization and is expected to make the ecosystem more appealing to institutional investors.
Meanwhile, the network’s core metrics continue to reach new heights. Over the past 30 days, Solana processed 3.77 billion non-vote transactions, marking the highest monthly total in the blockchain’s history.
Furthermore, applications built on Solana generated $257 million in revenue during the second quarter, allowing the network to maintain its position as the leading Layer 1 blockchain by dApp revenue for the ninth consecutive quarter.
Despite these robust fundamentals, the SOL token has not yet experienced a significant rally. The primary reason for this stagnation is the overall weakness in the cryptocurrency market and the ongoing outflow of institutional capital from digital assets.
solana:So11111111111111111111111111111111111111112 network processed over 40x Base's volume and more than… pic.twitter.com/t4Lq1mLwM0
— CryptosRus (@CryptosR_Us) July 2, 2026
Crypto Hackers Make Off With Nearly $76M in June as Attacks Slow: Sign of an Exhausted Market? In other crypto news today, hackers stole approximately $75.9M in June across 40 major crypto incidents. According to blockchain security firm PeckShield, this figure represents a 7.1% decrease from May, when losses totaled $81.7M.
As reported by The Block, the largest incident of the month was the Humanity Protocol exploit, which PeckShield estimates accounted for $31M. On-chain analyst Specter was the first to reveal that wallets linked to the project lost over $31M on June 9.
However, Humanity Protocol’s own investigation later reported the damage to be closer to $36M. Project founder Terence Kwok stated that the attack resulted from a compromised private key.
The second-largest incident involved the $10M Syscoin Bridge exploit. PeckShield noted that the attacker exploited a validation flaw, enabling them to mint billions of unbacked SYS tokens without burning the corresponding assets.
Another notable victim was a bot associated with the address JaredFromSubway.eth, known for conducting MEV sandwich attacks. PeckShield estimated that the bot itself was exploited for $7.5M.
Other significant incidents in June included attacks on Secret Network, Polymarket users, SecondFi, and TESSERA, with losses ranging from $2.4M to $4.67M.
🚨CRYPTO HACKS HIT $75.9M ACROSS 40 INCIDENTS IN JUNE, DOWN FROM MAY!
According to PeckShield data, hackers stole roughly $75.9 million from crypto projects in June across 40 separate incidents, a 7% drop from May’s $81.7 million.
The biggest loss came from the Humanity… pic.twitter.com/tNcFIoyoC8
— Crypto Banter (@crypto_banter) July 1, 2026
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Key Highlights Bitcoin surged past the $60,000 mark, gaining 3% on Thursday following a challenging first half of 2026 The leading cryptocurrency dropped over 30% during the initial six months of 2026 American stock futures declined, with Nasdaq futures experiencing the steepest losses at 0.7% Korean semiconductor giants SK Hynix and Samsung tumbled more than 14% and 9% respectively amid widespread chip industry decline Market attention centers on the June employment report, forecasted to reveal 115,000 new positions The flagship cryptocurrency recovered above the $60,000 threshold on Thursday, offering digital asset investors a welcome reprieve following a punishing start to the year.
Bitcoin (BTC) Price The premier digital currency exchanged hands near $60,499, registering approximately 3% growth during early market hours. This uptick follows a devastating decline exceeding 30% across the year’s first two quarters, marking one of its most severe six-month downturns in recent history.
The rebound materialized as market participants prepared for the June American employment data release, scheduled for 8:30 a.m. Eastern Time. Projections indicate the economy generated 115,000 new positions in June, while the jobless rate is anticipated to remain unchanged at 4.3%.
Employment Figures Command Market Attention Federal Reserve Chairman Kevin Warsh contributed to the measured market sentiment earlier this week. He acknowledged diminishing inflation pressures but emphasized his commitment to achieving the Fed’s 2% inflation objective. He further indicated he would “disappoint” those anticipating accommodative monetary conditions.
BIG POSITIVE signal from the Federal Reserve
Fed Chairman Kevin Warsh stated that inflation risks have eased significantly in recent weeks, reaffirming the central bank’s commitment to price stability.
If inflation continues to cool, expectations of rate cuts could… pic.twitter.com/4WcHeBgirE
— Yatin Mota (@yatinmota) July 1, 2026
Reduced borrowing costs typically benefit speculative investments like digital currencies, prompting traders to scrutinize employment figures for indications that rate reductions might return to consideration.
Warsh directed markets to examine economic indicators rather than Fed commentary for insights into future rate trajectories. This guidance placed Thursday’s employment data at the forefront of investor focus.
Bitcoin has faced headwinds throughout much of 2026. Weakening institutional appetite, stagnant advancement on American cryptocurrency regulation, and ambiguity surrounding US-Iran diplomatic efforts have collectively pressured valuations.
Digital asset markets have also exhibited stronger correlation with technology equities and general risk assets this year. This connection was evident Thursday as both cryptocurrencies and traditional stocks experienced concurrent downward pressure.
Equity Markets Retreat as Semiconductor Sector Weighs Heavy American equity futures declined uniformly on Thursday. Nasdaq 100 futures surrendered 0.7%, S&P 500 futures retreated approximately 0.3%, and Dow futures slipped 0.2% lower.
E-Mini S&P 500 Sep 26 (ES=F) The technology sector encountered additional headwinds following a dramatic selloff in South Korean semiconductor equities during overnight trading. The Kospi benchmark plunged 7.9%.
SK Hynix plummeted beyond 14% while Samsung declined over 9%. Samsung’s recent announcement of substantial AI infrastructure investment amplified anxieties regarding expenditure levels and profitability within the chip industry.
The deterioration in Korean chipmaker valuations came on the heels of a comprehensive semiconductor sector decline on Wednesday across American exchanges.
Notwithstanding Thursday’s recovery, Bitcoin continues trading substantially beneath its peak levels. Market observers suggest institutional capital movements and macroeconomic indicators will maintain their influence on price direction throughout the immediate term.
The employment report could establish the prevailing sentiment for both equities and cryptocurrencies entering the summer months.
The Tokyo-listed company expanded its Bitcoin treasury to 43,000 BTC even as its shares remain down nearly 49% this year.
Metaplanet announced it had acquired 2,823 BTC after a three-month pause, completing its second-quarter accumulation under its ongoing Bitcoin Treasury Operations.
The company spent a total of 35.89 billion yen, or around $222 million, on the purchases after paying an average of over 12.7 million yen per coin. As a result, its total holdings increased from 40,177 BTC at the end of March to 43,000 BTC as of June 30.
Metaplanet’s Fresh Buy According to the official announcement, the lower average purchase price for the quarter also reduced Metaplanet’s overall average acquisition cost from 15.51 million yen per unit to 15.3 million yen. Across its entire treasury, the company revealed investing 659 billion yen to acquire 43,000 BTC. The company also reported generating $10.95 million, or about 1.747 billion yen, in revenue from its Bitcoin Income Generation activities during the quarter.
After offsetting that revenue against its purchases, the effective acquisition cost fell to 34.14 billion yen, or about 12.093 million yen per unit.
The latest purchase moves the Tokyo-listed firm closer to its long-term Bitcoin goals, though it still has a significant distance to cover. The company has set a target of 100,000 BTC by the end of 2026, which requires it to add 57,000 more BTC in the remaining months of the year.
Stock Slumps, Expansion Continues Despite expanding its treasury to 43,000 BTC, Metaplanet’s stock has remained under heavy pressure this year. The shares are down nearly 49% year-to-date.
Alongside its Bitcoin accumulation efforts, the company announced plans to acquire Japanese securities firm Siiibo Securities in a deal worth around $13 million. The move, which is expected to close in July, will result in the firm being rebranded as Metaplanet Securities.
You may also like: Bitcoin Whales Are Dumping: But This Rare Signal Says the Bottom May Be Close Bitcoin Bulls Fight for $60K as Markets Digest US-Iran News (Market Watch) Bitcoin Could Fall Into the $40,000s Before Bottoming: Bitfinex Analysts CEO Simon Gerovich described the transaction as their first major acquisition and the first concrete step under Project Nova, its long-term initiative to build a Bitcoin-focused financial ecosystem in Japan.
A notable assessment has emerged suggesting that the downturn in the Bitcoin market may end this month, and the leading cryptocurrency could re-enter an upward trend. Andre Dragosch, Head of Research at Bitwise Europe, stated that under current conditions, the bottom for Bitcoin could be reached sooner than the general market expects, potentially paving the way for a new bull cycle.
According to Dragosch’s assessment, a strong rebound, particularly in semiconductor sector stocks, could be a significant catalyst not only for technology markets but also for crypto assets.
According to the analyst, a strong rally in semiconductor stocks from current levels could increase the likelihood that the US Federal Reserve (FED) will adopt a more dovish stance in monetary policy. This could ease pressure on risky assets and pave the way for assets like Bitcoin to regain strength.
While the prevailing market view is that Bitcoin will bottom out in October, Dragosch argues that this timeline could be brought forward. According to the research director, it is highly likely that Bitcoin will bottom out and begin to recover this month.
Experts point out that the Fed’s interest rate policy, global risk appetite, and the performance of technology stocks have recently become more closely linked to Bitcoin price movements. In particular, changes in liquidity conditions and investors’ willingness to move towards risky assets are considered among the main factors determining the short-term direction of the crypto market.
Andre Dragosch’s assessment has revived optimistic expectations for the second half of the year in the market, suggesting that this month could be a critical turning point for Bitcoin investors. However, analysts emphasize that despite a possible recovery scenario, macroeconomic data, Fed messages, and global market conditions should be closely monitored.
*This is not investment advice.
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South Korean media company K Wave Media has exited its Bitcoin treasury position after once setting an ambitious target of accumulating 10,000 BTC, marking another reversal in the digital asset treasury trade as weaker market conditions pressure balance-sheet strategies.
The Nasdaq-listed company sold its remaining 88 BTC and used the proceeds to repay $6 million of debt obligations, according to a June 30 SEC filing cited by market coverage. The sale reduced K Wave’s Bitcoin holdings to zero, ending its status as a Bitcoin treasury company less than a year after it promoted plans to become a major corporate holder of the asset.
K Wave’s shift is striking because the company had previously positioned Bitcoin as a core part of its corporate strategy. In July 2025, it said it had secured up to $1 billion in total capital capacity through a $500 million convertible note agreement with Anson Funds and a $500 million standby equity purchase agreement with Bitcoin Strategic Reserve. At the time, the company said it had completed an initial purchase of 88 BTC and planned to scale holdings toward 10,000 BTC as quickly as possible.
The reversal shows how fragile some digital asset treasury models can become when they depend on external financing, investor enthusiasm and favorable market conditions. Instead of continuing to buy Bitcoin, K Wave has now halted its treasury strategy and redirected attention toward AI infrastructure, including data centers, GPU compute operations and potential acquisitions.
Bitcoin Treasury Strategy Breaks Under Debt Pressure K Wave’s exit underscores a key risk facing smaller digital asset treasury firms: the Bitcoin strategy can become difficult to sustain when debt obligations, equity-market pressure and weak crypto prices collide. Unlike Strategy, which has built a deep capital-markets machine around Bitcoin accumulation, smaller companies often have less financing flexibility and weaker investor support.
The company’s sale was tied to repayment of $6 million of Initial Notes under an amended securities purchase agreement. That makes the transaction less a discretionary portfolio rebalance and more a liquidity event. Selling the entire Bitcoin position to meet debt obligations suggests that balance-sheet management overtook the original treasury narrative.
The episode also raises questions about how investors should evaluate companies that announce large crypto accumulation targets before demonstrating durable funding capacity. A 10,000-BTC goal would require hundreds of millions of dollars even at depressed Bitcoin prices. K Wave’s actual position never moved beyond the initial 88 BTC purchase before the strategy was halted.
For shareholders, the shift creates uncertainty. The company is no longer primarily a Bitcoin treasury story, but its new AI infrastructure plan also requires capital, execution capability and market credibility.
DAT Sector Faces Wider Scrutiny K Wave’s reversal comes as the broader digital asset treasury sector faces greater scrutiny. The model became popular after Strategy’s long-running Bitcoin accumulation program created a template for public companies seeking crypto-linked investor demand. But the trade works best when companies can raise capital at favorable terms and when their shares trade at a premium to the value of their crypto holdings.
When that premium disappears, the model becomes harder. New equity issuance can become dilutive, debt can become expensive and crypto holdings may need to be sold to support operations or satisfy creditors. That dynamic is especially dangerous for smaller companies that adopted treasury strategies without a strong underlying business.
The market impact of K Wave’s Bitcoin sale is limited because 88 BTC is small relative to global liquidity. The symbolic impact is larger. It shows that not every company announcing a Bitcoin reserve strategy will become a long-term holder, and aggressive accumulation targets can quickly become irrelevant when corporate priorities change.
The pivot toward AI also reflects a broader rotation in public markets. Investors have rewarded AI infrastructure narratives more than crypto treasury stories in recent months, especially as Bitcoin has struggled and ETF flows have turned negative. K Wave’s move suggests management sees better financing or valuation opportunities in AI than in holding Bitcoin.
For the digital asset treasury sector, the lesson is clear. Bitcoin accumulation plans need durable funding, transparent governance and credible balance-sheet discipline. Without those, treasury companies risk becoming short-lived market narratives rather than long-term institutional holders.
Research on cryptocurrency forecasting models takes a new step. A study published in a scientific journal now recognizes the robustness of a theory developed over more than ten years called the “Power Law.” Bitcoin thus becomes the focus of a mathematical analysis based on a power law linking price evolution to network growth. This validation by independent reviewers marks a turning point for a model long debated within specialized communities.
In brief Bitcoin’s Power Law obtains scientific validation after its publication in an Elsevier academic journal. Giovanni Santostasi’s model links Bitcoin network growth to its long-term price evolution. The study analyzes 5,696 daily data points and explains about 96% of historical price variations. Researchers identify several signals capable of indicating a possible break in the mathematical trend. The current bear market represents the first major test to verify the robustness of the peer-reviewed model. Bitcoin’s Power Law Obtains Scientific Validation After Several Years of Research The Bitcoin Power Law model is based on a simple idea: price growth follows a mathematical trend linked to network expansion. The model advocated by physicist Giovanni Santostasi describes a regular relationship between gradual adoption and value evolution. The recent publication in Elsevier’s Nonlinear Science journal confirms that this approach has a recognized scientific basis. The study appeared online on June 29 and presents a detailed analysis of several years of data.
Santostasi first presented this theory in 2014 on Reddit. At the time, he noticed that bitcoin price followed a particularly stable line when using a logarithmic scale. For several years, this observation circulated mainly within cryptocurrency community spaces. Later, the researcher developed his approach in an article published on Medium in 2024 to further present his arguments.
The theory long faced criticism, with some observers believing it was only a statistical fit. However, Santostasi and his co-author Stephen Perrenod submitted their work to independent scientific review. The journal eventually accepted their study after examining the proposed model. This step now distinguishes this approach from other popular charts based solely on historical trends.
Before this publication, several analyses had already studied the link between network size and the value of a digital asset. Previous works notably examined the influence of the number of users on market progression. However, these studies mainly used adjustments to existing data rather than a genuine mathematical model capable of anticipating future evolution.
Santostasi and Perrenod’s goal was to bridge this gap. Their approach seeks to explain why certain growth phases occur according to a regular structure. They explain that two main mechanisms support this dynamic. First, new users gradually join the network in successive waves.
Second, each newcomer increases the overall value of the network by creating more connections with existing participants. This logic aligns with some principles used to analyze network effects. The authors indicate that this combination explains much of the evolution observed since the early years. The study attributes about 96% of long-term variations to this mathematical curve.
The Study on Power Law and Bitcoin Reveals Strong Statistical Stability Researchers analyzed 5,696 daily prices between July 2010 and February 2026. The presented model shows that a power curve remains close to historical data over a long period. According to their calculations, the gap between the model’s prediction and the measured value remains below 1.6%. This accuracy applies only to the studied period and does not guarantee future performance.
The analysis also highlights that bullish and bearish cycles remain compatible with this general trend. Previous bear markets did not cause structural breaks in the model. Significant fluctuations thus appear as movements around a main trajectory. This observation strengthens the scientific interest in this approach.
However, the authors also presented several factors capable of invalidating their theory. Among them are:
Violation of the floor threshold (F1): the price stays more than a year below the trend, with a deviation greater than three standard deviations. In 2025, this threshold was around $10,000. Collapse of adoption (F2): Address growth slows sharply, especially if a competing network attracts new users. Exponent drift (F3): the growth coefficient sustainably leaves the range between 5.0 and 7.0. Metcalfe break (F4): the link between price and the number of active addresses disappears, with a correlation coefficient below 0.7. Collapse of R² (F5): the moving fit of the power law falls below 0.80 for two consecutive years. These criteria allow monitoring for potential future breaks. The model thus remains subject to specific verification conditions.
The Current Bear Market Represents the First Real Test of the Model The Bitcoin price currently trades around $60,000, representing a 43% decrease over the past year and a 52% drop from its October 2025 record of $126,080. The data used in the study ends in February 2026 and therefore does not fully account for the latest market decline. This situation creates a first real-life test for a theory recently recognized by the scientific community. Upcoming developments will show whether the trend maintains its coherence.
This period also raises questions around other analysis models. Some popular indicators faced difficulties during this decline. Approaches based on economic cycles or scarcity models also encounter new debates concerning their ability to explain recent movements.
Researchers remain cautious about future results and do not propose a precise price target. They only indicate that several signals could identify a potential break. Such signals include a sustained drop below the trend, loss of adoption, or a divergence between network value and its actual usage.
At this stage, Bitcoin’s Power Law thus constitutes a recognized scientific model but remains subject to future market tests. The publication provides a new analytical basis to understand the evolution of a digital asset marked by significant cycles. Monitoring the coming years will determine whether this mathematical structure retains its explanatory power.
The future will notably depend on the stability of adoption and users’ overall behavior. A lasting confirmation would strengthen academic interest in this approach, while a break would provide new elements to reassess the model. The BTC network will thus remain a major observation field for researchers studying links between technology, adoption, and economic dynamics.
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Ghiles A.
Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
XRP continues to trade just above its crucial $1 support level, maintaining pressure despite a resurgence in network activity and improved investor sentiment. The price has recently settled into a narrow range between $1.00 and $1.05, which some investors are interpreting as an accumulation zone.
Network activity surges amid price pressureOver the last 24 hours, XRP has gained 1.74%, trading around $1.05. During the same period, 24-hour trading volume reached $1.6 billion, while the market capitalization was recorded at $65.42 billion. Despite this uptick, the short-term price trend remains subdued.
Data from the analytics platform Santiment indicates that after hitting a 19-month low of $1.01, XRP stabilized near $1.04. Santiment is well-known for monitoring on-chain data and market behavior.
A total of 4,941 new wallets were created on the XRP Ledger in a single day, marking the network’s strongest growth in over three months.
This increase—4,941 new wallets in just one day—represents the most significant expansion in the XRP Ledger’s user base in more than three months. However, it is still unclear if this spike will directly translate into buying pressure for the cryptocurrency.
Social sentiment data is also showing a more optimistic outlook. For every one bearish reaction, there were 3.7 bullish ones among investors, the highest ratio recorded in the past three months.
IndicatorLevelCurrent price$1.05Intraday low$1.01Support range$1.00 to $1.0524-hour volume$1.6 billionAnalysts focus on $1.51 resistanceCrypto analyst Crypto Spaces observes that XRP is fluctuating just above its downward support line and remains below its 200-day moving average. According to the analyst, this scenario suggests sellers still hold sway over the market for now.
Mini glossary: The 200-day moving average is a technical indicator that represents an asset’s average price over the past 200 days. It’s commonly used to gauge long-term trends; when the price stays below it, a weak outlook may be indicated.
If the current support level holds, a rebound in XRP price could follow, with $1.51 marked as the next major resistance target.
If this foundational support is maintained, XRP could stage a short-term recovery, and $1.51 is expected to be the primary resistance level to watch. Conversely, a break below the downward support line would likely trigger increased selling pressure and reinforce a bearish trend.
Broader market sentiment also plays an influential role in these dynamics. As positive momentum returns to crypto assets alongside the recent rise in Bitcoin, experts emphasize the importance of monitoring both network growth and technical indicators in evaluating XRP’s trajectory.
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.
Michael Saylor reiterated on X that Strategy’s corporate objective remains for STRC to trade between $99 and $100, as the preferred stock attempts to climb back from its all-time low set on June 26.
The comment came as STRC rebounded from that record low of $71.25 to around $87.46 off the back of a new capital framework announcement. Even so, the gap to par remains wide with Bitcoin’s price also languishing.
STRC Still Trades Below Saylor’s TargetSTRC, Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, is not common stock. It is a preferred security designed to trade near a $100 face value. Strategy adjusts its dividend rate monthly to keep the price anchored, unlike common shares.
Bitcoin (BTC) had dropped below $60,000 in the same week STRC recorded its low, deepening a preferred stock crash that had already alarmed investors. STRC has since recovered but the stock is still about $13 short of the par value Saylor says remains the company’s goal.
STRC is mounting a recovery thanks to its new capital framework announcement, but it still has more to climb. Image Source: Trading ViewOn Monday, June 29, Strategy raised STRC’s dividend rate by 50 basis points to 12%. The increase takes effect for July record dates and is part of the capital management overhaul Strategy announced the same day.
Strategy reviews the rate using STRC’s trading level, Bitcoin’s price and volatility, and its own cash reserves. It will not raise the rate automatically just because the stock trades below par.
“As Strategy disclosed Monday: our corporate objective is for $STRC to trade over time at $99–$100.”
Saylor
The tweet repeats language from Monday’s press release without adding new detail. Its timing during STRC’s rebound suggests Strategy wants the market to read the recovery as validation of its plan.
The reiteration follows weeks of criticism from Ripple (XRP) CEO Brad Garlinghouse. He called STRC’s slide a damning indictment of Strategy’s financing model. Rosen Law Firm has also opened a securities investigation into the company’s disclosures.
Whether STRC can climb back to par depends largely on Bitcoin’s trajectory. Bitcoin remains the primary driver of Strategy’s capital structure and dividend coverage.
Progressive state Representative Manny Rutinel has emerged victorious in the Democratic primary for Colorado’s 8th congressional district.
He secured the nomination after a massive financial boost from a crypto-affiliated political action committee.
The campaign was bolstered by $1 million in support from the "You Can Push Back" Super PAC, which is an organization founded by Ripple's Chris Larsen.
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Rutinel comfortably defeated his opponent, the more moderate former state Rep. Shannon Bird, with a 60.9% share of the votes.
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Rutinel, who hails from Commerce City, is now set to face off against the Republican Representative Gabe Evans in November.
Rutinel leaned into his progressive roots and leveraged key demographic advantages. Prominent Latino groups heavily supported Rutinel (the demographic makes up 40% of the population).
One of the most competitive seats Rutinel is going after one of the most competitive congressional seats in the entire country.
Republicans are optimistic about facing Rutinel instead of Bird, given that the progressive candidate will be easier to defeat in a swing district.
GOP strategists have already begun circulating images of Rutinel rallying with extreme far-left democratic socialist figures like New York City Mayor Zohran Mamdani.
Incumbent Gabe Evans has already stockpiled a formidable $3.4 million to defend his seat. However, Democrats’ top House super PAC has already reserved millions of dollars in advertising ahead of November.
Rutinel has already begun softening some of his most left-leaning policy positions, backing away from his previous support for Medicare for All and his opposition to fracking. However, it remains to be seen whether or not this will be enough for the voters who are concerned about the rise of demographic socialism within the party.
XRP is showing signs of accumulation above the $1.00 support, with higher lows forming even as the price remains below key moving averages and major resistance near $1.10.Network and institutional signals are strengthening, with daily new wallet creations hitting a three-month high and June XRP ETF inflows topping $62 million for roughly $1.48 billion in cumulative net flows.Traders are watching the $1.0560–$1.0590 breakout zone and $1.0665 resistance, with a sustained move above $1.10 needed to signal a more convincing recovery rather than another range-bound bounce.XRP is starting to show signs of accumulation near $1, but the chart has not fully caught up. The token edged higher after a sharp intraday volume spike, while new wallet creation reached its strongest level in three months and whale activity diverged from cautious retail positioning. That puts the focus on whether buyers can turn support defense into a move back above $1.10.
News Background• XRP Ledger recorded 4,941 new wallet creations in a single day, the strongest daily growth in more than three months.
• CryptoQuant data showed the All CEX Whale vs Retail Spread at 50.9%, with Binance’s measure at 44.6%, pointing to stronger large-holder activity while retail participation remained cautious.
• XRP spot ETFs added $15.34 million in net inflows on June 29, with Bitwise accounting for $11.94 million of that total.
• June inflows across XRP ETFs surpassed $62 million, taking cumulative net flows to roughly $1.48 billion.
Price Action Summary• XRP rose 1.41% to $1.0613 during the 24-hour session ending July 2 at 04:16 UTC.
• The token underperformed the broader crypto market by 1.27%, showing that the move was still modest despite stronger network and whale activity.
• The main breakout came at 03:27 UTC, when XRP pushed through $1.0560 on volume of 5.34 million, a 1,433% jump from the preceding hourly average.
• Buying continued through the 03:27-03:53 UTC window, with total volume of 11.31 million as price reached a session high near $1.0665.
Technical Analysis• The key development is that XRP continues to build higher lows above the $1.00 support area, with $1.0318 and $1.0410 forming the base of the latest recovery attempt.
• The breakout above $1.0560 improved the short-term structure, but the move still needs follow-through above $1.0665 to avoid turning into another range-bound bounce.
• Volume was strong during the breakout window, but 24-hour activity was only 5.95% above the seven-day average, which keeps the broader move from looking like a full trend shift.
• XRP remains below major moving averages, with the 20-day EMA near $1.11, the 50-day near $1.20, the 100-day near $1.31 and the 200-day near $1.52.
• Momentum has improved from oversold levels, but RSI near 33 and negative Chaikin Money Flow show that buyers still have not fully regained control.
What traders should watch• $1.0560-$1.0590 is the immediate breakout zone bulls need to defend.
• $1.0665 is the first resistance level after capping the latest advance.
• $1.10-$1.11 remains the key test, where the 20-day EMA and Bollinger midline sit.
• A reclaim of $1.10 would shift attention toward $1.20, while failure to hold $1.04 would put the $1.00 support area back in focus.
• Until XRP clears $1.10, the market remains a support-base trade with improving network data and whale activity, not a confirmed recovery.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Key Takeaways XRP processes transactions in 3–5 seconds with minimal fees, providing genuine utility for international money transfers Approximately 33–34 billion XRP tokens remain in escrow accounts, representing continued supply uncertainty Ripple’s legal battle with the SEC concluded in 2025 with a $125 million settlement; programmatic XRP sales were deemed non-securities RLUSD, Ripple’s proprietary stablecoin, offers an alternative settlement method that potentially reduces XRP demand With a market capitalization around $65.9 billion, XRP represents a viable long-term position but faces valuation challenges XRP has accumulated sufficient operational history to be evaluated on substance rather than speculation. The network delivers transaction finality within 3 to 5 seconds, maintains minimal transaction costs, and serves as the backbone for Ripple’s international payment solutions. These represent verifiable characteristics.
XRP Price On June 16, 2026, the XRP Ledger (XRPL) processed 769,646 transactions within 24 hours. During peak periods earlier that year, successful payment operations exceeded 2.7 million. These metrics demonstrate meaningful network utilization beyond speculative trading.
Beyond simple value transfer, the XRPL has incorporated additional functionality. The ledger now features native automated market maker (AMM) capabilities and oracle connections, establishing foundational decentralized finance infrastructure.
Supply Dynamics Remain a Concern A critical consideration for multi-year positions involves token supply mechanics. According to CoinGecko data, approximately 62 billion XRP circulates actively, while the total supply approaches 100 billion tokens. Between 33 and 34 billion XRP remains locked in escrow arrangements.
Ripple maintains a scheduled release mechanism of up to 1 billion XRP monthly from these escrow accounts. Any unreleased tokens return to escrow for future distribution, creating more transparency than typical vesting schedules. Nevertheless, this substantial reserve constrains any narrative around token scarcity.
The Value Capture Question Here’s where long-term investment analysis becomes nuanced. Ripple’s payment infrastructure enables clients to settle transactions using either XRP or RLUSD, the company’s proprietary stablecoin. When Ripple expands its client base but facilitates settlements through RLUSD, XRP token demand doesn’t necessarily increase proportionally.
By August 2025, RLUSD had already achieved a market capitalization exceeding $611 million, with continued expansion since then. This growth trajectory indicates RLUSD is establishing itself as a legitimate settlement alternative within Ripple’s platform architecture.
For investors considering XRP over extended timeframes, this represents the fundamental tension: what percentage of Ripple’s commercial success translates into XRP token demand?
Regulatory Clarity Achieved The regulatory environment improved substantially during 2025. According to Reuters reporting, Ripple’s dispute with the SEC concluded with the company agreeing to a $125 million penalty. The judicial decision clarified that XRP transactions conducted on public cryptocurrency exchanges did not constitute securities offerings, although specific institutional sales by Ripple did breach securities regulations.
This resolution provides XRP with greater regulatory definition than the majority of alternative cryptocurrencies currently possess within United States jurisdiction.
Governance of the XRPL has also undergone decentralization. Ripple currently operates just 1 validator among the 35 validators on the default trusted node list, with governance responsibilities increasingly managed by the XRPL Foundation.
Trading at approximately $66 billion in market capitalization, XRP ranks among the largest cryptocurrency assets. This valuation suggests that much of the appreciation potential from its established advantages may already be reflected in current pricing.
While XRP showed signs of accumulation around the $1.00 level, on-chain data and recent large investor activity have painted a notable short-term picture. However, the fact that its price remains below $1.10 indicates that the bullish outlook has yet to fully strengthen.
On-chain data and fund flows stand outA total of 4,941 new wallets were created on the XRP Ledger in a single day, marking the strongest daily increase in the past three months. The XRP Ledger is the open-source blockchain network used to record all XRP transactions.
According to data from CryptoQuant, the All CEX Whale vs Retail Spread ratio reached 50.9%, while the measurement on Binance stood at 44.6%. These figures point to increasing activity among large investors, while retail traders remain more cautious.
On June 29, XRP spot ETFs recorded $15.34 million in net inflows, with Bitwise alone accounting for $11.94 million of the total. Throughout June, total investments in XRP ETFs surpassed $62 million, while cumulative net flows neared $1.48 billion.
While on-chain data and large investor activity are gaining strength for XRP, a more convincing recovery would require the price to hold above $1.10.
Attempt at a short-term breakoutAs of 04:16 UTC on July 2, XRP climbed 1.41% in the last 24 hours to reach $1.0613. Despite the increase, its performance continued to lag behind the broader cryptocurrency market and price action remained relatively limited.
The true momentum arrived at 03:27 UTC, when XRP surpassed $1.0560 on trading volume of 5.34 million, marking a 1,433% increase over the previous hourly average. Buying persisted between 03:27 and 03:53 UTC, with total volume reaching 11.31 million. During this period, the price tested an intraday high of $1.0665.
Key levels under close watchTechnically, a series of higher lows were noted above the $1.00 support. In the latest recovery, the $1.0318 and $1.0410 areas emerged as crucial bases. While the breakout above $1.0560 improved the short-term outlook, a sustained move above $1.0665 is still required.
The 24-hour total trading volume remained just 5.95% above the seven-day average, which suggests the move is not strong enough to signal a definitive trend change. Furthermore, XRP continues to trade below its key exponential moving averages: the 20-day ($1.11), 50-day ($1.20), 100-day ($1.31), and 200-day ($1.52) marks.
Although momentum indicators show some recovery from recent lows, the RSI remains near 33 and Chaikin Money Flow data is still negative, indicating buyers have yet to fully take control.
In the short run, the $1.0560–$1.0590 range is seen as the first crucial breakout zone to maintain. Resistance is at $1.0665, while the $1.10–$1.11 band represents the main threshold. If the price climbs above $1.10, attention may shift back to $1.20. Conversely, slipping below $1.04 would bring the $1.00 support back into focus.
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.
Democratic State Representative Manny Rutinel has clinched victory in Colorado’s 8th Congressional District primary. The progressive candidate pulled in an impressive 60.9% of the vote, overtaking former state representative Shannon Bird, who was known for her more moderate stance.
Crypto-backed campaign shakeupRutinel’s campaign received a major boost from the world of cryptocurrency, with notable financial support pouring in from a political action group tied to the industry. The Super PAC “You Can Push Back,” founded by Ripple co-founder Chris Larsen, contributed $1 million to Rutinel’s war chest. Chris Larsen, a key name in the Ripple ecosystem, has a long history of making headlines with his donations at the intersection of tech and politics.
Quick Reference: In US politics, a Super PAC is a political action committee that can spend unlimited amounts independently to support or oppose candidates but cannot directly coordinate with them. They focus mainly on advertising and campaign communication rather than direct donations.
Chris Larsen, Ripple’s co-founder, steered the Super PAC “You Can Push Back” to provide $1 million in support for Manny Rutinel’s campaign.
The substantial financial backing underscores just how closely watched this district has become on the national stage. Colorado’s 8th Congressional District is considered one of the country’s most hotly contested battlegrounds this election cycle.
A fierce November showdown awaitsWith the primary over, Rutinel now advances to face Republican Congressman Gabe Evans this November. Given the district’s evenly divided political landscape, analysts expect a fiercely competitive general election.
Rutinel, whose progressive credentials took center stage in the campaign, benefitted from demographic strengths—especially robust support from Latino voters, who make up about 40% of the district’s population.
GOP angles for advantageOn the Republican side, strategists see Rutinel as a more favorable opponent than Bird. The calculation: a progressive candidate may struggle more than a moderate in winning over swing voters in this pivotal district.
Rutinel secured 60.9% of the vote in the primary, handily defeating Shannon Bird to become the Democratic nominee.
Republican operatives have already started circulating images of Rutinel alongside left-wing figures, building a strategy aimed at persuading centrist voters that he is too progressive for the district.
Policy pivots and election strategyMeanwhile, in the run-up to November, Rutinel appears to be softening some policy positions. Having previously called for universal healthcare and voiced opposition to fracking, he is now adopting a more moderate tone on these issues.
Whether these shifts will sway voters remains uncertain, especially among party members anxious about ideological direction. The effectiveness of this recalibration will be closely watched as November approaches, with internal Democratic debates adding new layers to a high-stakes race.
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.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
For the past seven days, XRP has been stuck in an exceptionally weak consolidation phase, hovering around $1.05 without exhibiting any discernible recovery momentum. Although XRP has previously gone through protracted corrections, the current circumstance is notable because buyers have made several attempts to stop the decline, but the asset does not seem to be able to build a solid support base.
Industry-wide issuesThe market is still very much under bearish control, according to the daily chart. XRP accelerated lower and has since entered a narrow trading range after breaking out of a descending triangle formation that formed between March and May. All of the major moving averages, including the 50-day, 100-day, and 200-day trends, are currently below the asset and are still sloping downward. The wider market environment surrounding XRP, rather than its inherent weakness, is what makes this situation noteworthy.
XRP/USDT Chart by TradingViewThe majority of the major altcoins, including Ethereum and Bitcoin, are dealing with similar structural issues. The cryptocurrency market has seen a sharp decline in risk appetite, and investors have mostly switched from aggressive accumulation to defensive positioning. Given this, XRP's failure to gain traction should not be seen as a project-specific setback.
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The asset is following a trend in the industry that has impacted almost all significant digital assets. There has been a slowdown in capital inflows, a decline in speculative activity, and a lack of interest from traders in chasing rebounds.
XRP's rebound capabilitiesTechnically speaking, XRP still has a chance to rebound. The Relative Strength Index is still in the vicinity of oversold territory, indicating that selling pressure might be coming to an end. In the past, these circumstances frequently preceded relief rallies in the cryptocurrency market. The recovery of XRP, however, is strongly correlated with the overall market's performance. Renewed capital rotation into large-cap alternative assets could be advantageous for XRP if Bitcoin and Ethereum start to stabilize and regain important resistance levels.
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The 50-day moving average around $1.12 would be the first crucial target in that case, followed by the stronger resistance zone between $1.21 and $1.30. The problem is that no significant cryptocurrency has confirmed a reversal as of yet. Volume still favors sellers over buyers, and sentiment in the market as a whole is still precarious.
For the time being, the seven-day impasse surrounding XRP is indicative of a more significant issue affecting the entire digital asset sector. Although the coin is having difficulty gaining traction, it is by no means alone. A long-term recovery is still feasible, but before XRP can pick up steam again, the cryptocurrency market as a whole will probably need to strengthen.
XRP, once a fixture in market debates, is now increasingly evaluated based on its on-chain activity and real-world use cases. The XRP Ledger boasts transaction finality in just 3 to 5 seconds while keeping fees low, an advantage that drives its adoption in Ripple’s cross-border payment solutions and bolsters XRP’s role as a functional digital asset.
Key data on network activityOn June 16, 2026, the XRP Ledger processed 769,646 transactions within a 24-hour span. During peak periods, successful payment transactions can exceed 2.7 million in a single day. These figures show that XRP network activity extends well beyond trading alone, with payment and transfer operations occupying a significant share of the network’s capacity.
The XRP Ledger is not limited to value transfer. It also supports native automated market maker functionality and oracle integrations, effectively incorporating core decentralized finance infrastructure directly into the network.
Mini glossary: Oracles bring off-chain data to on-chain applications, while automated market makers (AMMs) enable trading via liquidity pools rather than traditional order books.
Supply structure under scrutinyAccording to CoinGecko, approximately 62 billion XRP are currently in circulation, out of a near-100 billion total supply. Meanwhile, some 33–34 billion XRP remain locked in escrow accounts.
Ripple operates a schedule allowing up to 1 billion XRP to be released each month from escrow. Unused tokens are returned to these accounts. While this mechanism provides a level of transparency, the substantial reserves held in escrow continue to temper narratives about XRP’s scarcity.
The core question for long-term outlooks centers on how much Ripple’s commercial growth actually translates into direct demand for XRP.
RLUSD’s rise and shifts in demandRipple now lets customers complete payment transactions either using XRP or its own stablecoin, RLUSD. This creates uncertainty over whether an expanding client base will lead directly to equal growth in XRP demand.
As of August 2025, RLUSD’s market capitalization surpassed $611 million, and it continued to grow in subsequent periods. This trend illustrates RLUSD’s emerging visibility as an alternative settlement asset within the Ripple ecosystem.
Ripple remains recognized as a financial technology firm specializing in blockchain-based payment solutions, with XRP as the open-market native asset underpinning these platforms.
Regulatory clarity and the evolving networkIn 2025, Ripple’s legal dispute with the US Securities and Exchange Commission ended in a $125 million settlement. The court ruled that programmatic XRP sales on public crypto exchanges did not constitute securities offerings. However, certain institutional sales by Ripple were deemed to have breached securities regulations.
This decision has given XRP a clearer regulatory status in the US than many other altcoins. In terms of governance, the network also exhibits a more decentralized structure: Ripple operates just one of the 35 validators on its default trusted list, while the XRPL Foundation now plays a more prominent role in network administration.
With a current market capitalization of around $65.9 billion, XRP ranks among the largest crypto assets. This scale suggests that many of the network’s current strengths may already be factored into its price.
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.
Ethereum (ETH) recent price performance has tested investor confidence, but Fundstrat co-founder and BitMine Chairman Tom Lee believes the market is focusing too much on short-term price action.
Speaking about what could make him bearish on Ethereum, Lee said BitMine has deliberately built its business to withstand a prolonged downturn. At the same time, the company continues to invest heavily in Ethereum’s long-term growth.
If Crypto Winter Comes, We Can Make It to SpringLee explained that BitMine isn’t relying on rising ETH prices to survive. Instead, the company maintains a strong financial position with roughly $600 million in cash on its balance sheet.
“We’ve operated with a very conservative capital structure. If crypto winter comes, we can make it to spring.” He said.
Around 80% of BitMine’s Ethereum holdings are staked, generating more than $250 million annually in staking rewards. Combined with several hundred million dollars in free cash flow, Lee believes the company has enough financial strength. Therefore, he thinks BitMine can navigate even a prolonged bear market.
Investing Beyond Ethereum’s PriceRather than simply accumulating ETH, Lee said BitMine is actively investing across the Ethereum ecosystem.
The company has already disclosed investments in MrBeast and 8Co. It is also working closely with organizations that have spun out of the Ethereum Foundation, including ETH Labs. He added that several additional funding announcements are expected soon.
BitMine is also partnering with SharpLink, Joe Lubin, and several Ethereum core developers to strengthen public infrastructure, improve enterprise adoption, and expand Ethereum’s role in artificial intelligence applications.
According to Lee, these investments are designed to strengthen Ethereum’s ecosystem long before the next bull market begins.
Money is becoming software. That’s really where Ethereum is going to shine.Lee remains convinced Ethereum will become one of the foundations of the future financial system.
He argued that financial services are increasingly evolving into programmable technology platforms where assets become digital, composable, and available around the clock. In addition, as tokenized assets grow and traditional finance moves on-chain, Lee expects Ethereum to play a central role in powering that transition.
While acknowledging that Ethereum’s recent price action has been “disappointing” and “very frustrating,” Lee said those short-term moves do not change his long-term thesis.
For him, BitMine’s large cash reserves, recurring staking income, and continued investment across the Ethereum ecosystem leave the company well positioned to survive any crypto winter. Moreover, he believes BitMine will benefit when the next bull cycle eventually returns.
Story Ends Here
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It's getting harder for bulls to defend XRP's chart. The asset continues to print lower highs and lower lows following months of continuous selling pressure, maintaining the overall downtrend. Is a significant reversal even feasible at this point? The most recent move below the crucial support zone around $1.30 has only strengthened pessimism.
XRP just finished breaking down from a descending triangle formation that had been forming since March, according to the daily chart. These patterns usually indicate that the market will continue to decline, and it has done so nearly flawlessly. XRP lost another significant support cluster after the breakdown, and it is currently trading close to $1.05, one of its lowest points of the year. The moving averages show a similar pessimistic outlook.
XRP/USDT Chart by TradingViewXRP is still below the downward-sloping 50-, 100-, and 200-day moving averages. This alignment indicates that sellers maintain control over both near-term and long-term periods. The 200-day moving average, which is currently close to $1.51, is particularly significant because it indicates the level that XRP must recover before any meaningful conversation about a trend reversal can start.
HOT Stories
Not much encouragement has come from volume either. Buying activity has been comparatively muted, despite sporadic spikes during selloffs. This implies that market participants are still reluctant to make aggressive purchases, despite the significant drop from earlier highs.
The Relative Strength Index is the only positive indicator for bulls. The RSI is getting close to oversold territory at 35. Such readings have historically preceded short-term relief rallies, especially if sentiment in the cryptocurrency market as a whole improves. However, oversold conditions alone rarely reverse a significant trend.
Bitcoin makes a moveThe recent price movement of Bitcoin indicates that the market is still having difficulty finding a stable bottom. Following its inability to sustain momentum above important moving averages in May, Bitcoin started a new downward trend that has moved it closer to the lower end of its current trading range. A move toward $52,000 cannot be ruled out based on the technical structure seen on the daily chart.
BTC/USDT Chart by TradingViewFor bulls, the total loss of trend support is the most alarming development. The 50-day, 100-day, and 200-day moving averages of Bitcoin are currently below $63,000, $68,000, and $76,000, respectively. This alignment supports a very pessimistic market structure. Over the past few months, every attempt at recovery has failed to reach the longer-term trend indicators.
Upon closer examination, it can be seen that BTC recently broke down from a rising channel that had formed between April and May. What at first appeared to be a recovery phase turned out to be a typical bear-market rally. Sellers swiftly regained control and accelerated the decline after the channel's support failed.
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The bearish narrative is further supported by volume behavior. The biggest spikes in recent weeks have coincided with selloffs rather than recoveries, suggesting that sellers are more confident than buyers. After Bitcoin briefly touched the low $60,000 region, there was some dip-buying activity, but demand was insufficient to buck the trend. The next significant support zone is located between $57,000 and $58,000.
At the moment, Bitcoin is testing that level. If it breaks decisively, the market may start aiming for the $52,000 area, which is the next significant historical support level and a place where buyers have previously intervened forcefully. One factor prevents a scenario of complete collapse.
With a reading of about 35, the Relative Strength Index is still close to oversold territory. Such conditions frequently result in temporary relief rallies. However, oversold readings during established downtrends usually lead to brief bounces rather than long-lasting reversals.
Ethereum stays relevantEthereum is far from being forgotten by the market, even after months of disappointing price movement and increasing competition from other networks. Although ETH has substantially underperformed relative to its historical benchmarks, the chart indicates that investors are still closely monitoring the asset, even as it remains caught in a broader bearish trend.
ETH/USDT Chart by TradingViewAfter yet another unsuccessful attempt at recovery, Ethereum is currently trading close to $1,600. According to the daily chart, the asset recently broke down from a descending wedge-like formation that developed between April and May. The pattern resolved to the downside rather than initiating a sustained breakout, pushing ETH back toward local lows and bolstering sellers' dominance.
The technical picture remains challenging. Ethereum is currently trading below the 50-day, 100-day, and 200-day major moving averages. While the 100-day and 200-day averages at $1,850 and $2,280, respectively, continue to be significantly above current price levels, the 50-day moving average at $1,690 has served as immediate resistance. The overall trend remains negative until ETH begins reclaiming these levels.
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However, market behavior refutes the notion that Ethereum has completely lost relevance. Every significant drop attracts buyers who are prepared to step in near support areas, and volume remains relatively steady. The market isn't actively accumulating ETH, but it isn't abandoning it either. The Relative Strength Index is another factor that supports that view.
The RSI is close to 38, which indicates weakness but not total capitulation. Major bottoms in the past frequently occurred when traders became far more pessimistic than current conditions suggest. Put another way, despite the prolonged correction, there is still active participation in the asset.
Reclaiming the $1,690 area is Ethereum's primary goal from a technical standpoint. The 100-day moving average around $1,850 would come back into focus if that level were breached. If buyers are able to overcome both obstacles, sentiment may improve significantly. Ethereum remains under pressure, but it is still a major player in the market.
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Over the past several months, selling pressure on XRP has intensified, with the chart showing a series of lower highs and lower lows. After failing to hold the crucial $1.30 support level, XRP slid to around $1.05, approaching some of the lowest levels seen this year. Technical signals indicate that sellers remain firmly in control in both the short and long term.
XRP’s downward trend remains unbrokenOn the daily chart, the breakdown of a descending triangle pattern that has formed since March has further weighed on XRP. Typically, such patterns signal a continuation of the prevailing downtrend, and the breakout resulted in yet another support cluster being lost. The fact that the price remains below the 50, 100, and 200 day moving averages only strengthens the bearish outlook for XRP.
In particular, the 200 day moving average stands at about $1.51. For any meaningful technical recovery, XRP would first need to reclaim levels above this point. Trading volume analysis shows buyer activity remains weak; selling waves have brought volume spikes, but rebound attempts have been very limited.
Losing the $1.30 support in XRP and falling back to the $1.05 range highlight that the overall downward trend is still intact.
One of the few promising technical signals for XRP has come from the Relative Strength Index (RSI). With the RSI approaching 35, XRP is nearing oversold conditions. While these levels can sometimes trigger short lived price bounces, a single indicator is not considered sufficient for calling a lasting trend reversal.
Glossary: RSI is a technical indicator that measures the speed and strength of price movements. Values approaching 30 generally indicate oversold conditions, while values nearing 70 suggest overbought territory.
Bitcoin tests a vital support zoneBitcoin also failed to hold above key moving averages in May, resulting in a fresh wave of declines. Daily charts reveal that the rising channel seen from April to May has broken downward. Though this downturn initially resembled a temporary correction, sellers quickly regained control, leaving the rebound short lived.
Currently, Bitcoin’s 50, 100, and 200 day moving averages remain below $63,000, $68,000, and $76,000 respectively—a structure that underlines persistent market weakness. Notably, stronger volume spikes have occurred on selling days compared to rallies, suggesting sellers are now acting with greater conviction.
AssetCurrent Price RangeKey ResistanceKey SupportXRP$1.05$1.51Below $1.30Bitcoin$57,000 to $58,000$63,000 and higher averages$52,000Ethereum$1,600$1,690 and $1,850local bottom regionRight now, the $57,000 to $58,000 range is drawing attention in the market. Should Bitcoin break clearly below this zone, the next historically significant support could come into play at $52,000. While the RSI near 35 keeps the door open for a potential short term bounce, these types of signals tend to have limited impact in an established downtrend.
If Bitcoin fails to hold the $57,000 to $58,000 region, technical analysis signals a renewed pullback toward $52,000 could be on the horizon.
Ethereum remains under pressure but investor interest persistsDespite its recent weak price performance, Ethereum continues to attract close scrutiny from the market. After a failed rebound attempt, ETH has settled near $1,600, breaking below a descending wedge pattern formed between April and May. This move has reinforced bearish momentum and pushed ETH back toward its local lows.
ETH trading below its 50, 100, and 200 day moving averages leaves its technical prospects clouded. The 50 day moving average at around $1,690 now marks the first key resistance, with longer term averages at $1,850 and $2,280 providing additional upside hurdles. That said, buyers have shown some engagement near support zones during sharp declines, and volume has not completely dried up.
The RSI for Ethereum is hovering near 38, indicating ongoing weakness but not yet signaling total market capitulation. Technically, recapturing the $1,690 level stands as the initial target for ETH; surpassing this could bring $1,850 back into focus as the next milestone.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The crypto market bounced today after Bitcoin reclaimed the $60,000 level, lifting the total crypto market by nearly $50 billion in about 90 minutes. The move came after improving macro sentiment, strong technical support, and renewed buying across major cryptocurrencies, even as institutional demand remains weak.
What Triggered Today’s Rally?The biggest boost came after comments from former Federal Reserve Governor Kevin Warsh at the ECB Forum in Sintra.
Warsh said inflation is still above target, but it showed the four straight quarters of AI-driven productivity gains. If productivity continues improving, it could eventually give the Federal Reserve more room to cut interest rates.
Although Warsh is no longer a Fed policymaker, markets viewed his comments as a positive signal for future monetary easing. Lower interest rates generally increase demand for risk assets, helping fuel buying across Bitcoin, Ethereum, and the broader crypto market.
Bitcoin Led the RecoveryBitcoin climbed around 3%, moving back above $60,000 and adding roughly $36 billion to its market value.
Ethereum followed with gains of more than 3%, while most major altcoins also traded higher as confidence returned across the market.
The total crypto market capitalization climbed back above $2.1 trillion, marking one of its strongest intraday recoveries in recent weeks.
Also Read: Bitcoin Q3 2026 Roadmap: July Bounce, Brutal August, Then the Final Low Near $39,000
Altcoins Join the Party Altcoins joined Bitcoin’s recovery with several tokens posting strong gains over the past 24 hours. Solana (SOL) climbed 6.05%, XRP climbed 1.38%, while Cardano saw a 2.61% jump.
Technically, what is the scenario? From a technical perspective, the recovery has improved the short-term outlook.
Analysts are closely watching the $2.08 trillion level on the total crypto market cap chart. A breakout above that resistance could open the door toward $2.16 trillion, signalling stronger bullish momentum.
For Bitcoin, holding above $60,000 remains the key. If buyers maintain control, traders will likely target the next resistance zone around $62,000-$64,000. However, losing the $60,000 level could bring another test of support near $58,000.
Also Read : Exclusive Bitcoin Prediction: Bear Market in Final Phase, But Altcoins Won’t Move Until 2027
What For Bitcoin Price?While today’s rally has improved sentiment, investors remain cautious.
Spot Bitcoin ETFs continued to record net outflows this week, showing that institutional investors have yet to return aggressively. The latest outflows included $212.4 million from the iShares Bitcoin Trust (IBIT) and $10.2 million from the Fidelity Wise Origin Bitcoin Fund (FBTC). Citigroup also recently lowered its one-year Bitcoin price target, reflecting softer institutional expectations.
For now, traders will be watching upcoming U.S. economic data and any fresh signals from Federal Reserve officials. If expectations for rate cuts continue to strengthen and Bitcoin holds above key technical levels, the current rebound could extend further.
But if macro conditions worsen or institutional selling continues, volatility is likely to remain high.
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Robinhood has gone chain-native. The brokerage firm launched the public mainnet of Robinhood Chain on Wednesday, an Arbitrum-powered Ethereum layer-2 network that the company described as permissionless, AI-native, and purpose-built for real-world assets.
Robinhood Presents: The World is Flat https://t.co/klNh8iHFPd
— Robinhood (@RobinhoodApp) July 1, 2026 The announcement was made at an event held at the Old Royal Naval College in London, where CEO Vlad Tenev outlined a vision that bridges Robinhood's traditional brokerage offerings with an expanding suite of onchain financial products.
What the chain does
Robinhood Chain is designed to host tokenized real-world assets, beginning with Stock Tokens — on-chain representations of shares in companies including Nvidia and Apple. Eligible users in more than 120 countries can trade these tokens 24/7 directly within the Robinhood Wallet. The tokens can be deployed into lending pools or used as collateral across DeFi protocols, unlocking yield opportunities that traditional brokerage accounts do not permit.
Day-one ecosystem partners include Uniswap (dedicated AMM for public liquidity) and Pleiades (proprietary AMM for prop trading). Infrastructure integrations cover Alchemy, BitGo, and Chainlink.
The Lighter integration
Perpetual futures are now available within the Robinhood Wallet via Lighter, a decentralized exchange. Eligible users in select jurisdictions can access perps through the integration, with Lighter committing $11 million worth of $LIT to the Robinhood community. Users earn 2x points when trading perpetuals through Robinhood Wallet versus Lighter's own app.
Robinhood Earn is also rolling out to eligible US users — lending USDG stablecoin at ~7% APY, insured through Lloyd's of London and RELM. Infrastructure is powered by Morpho.
AI-native positioning
The "AI-native" label is central to the pitch. Agentic Accounts for crypto trading are being prepared for eligible US traders, with Robinhood's Trading MCP allowing AI models to connect to Robinhood data and execute strategies within user-set parameters. At the London event, Robinhood set a Guinness World Record for the most items purchased by an AI agent in three minutes using a single credit card.
Geographic expansion
The launch is paired with Robinhood's broadest geographic push to date. Canadian residents gained access on Canada Day, following the WonderFi acquisition, with zero trading fees until end of September. Singapore's MAS has awarded Robinhood Singapore a CMS licence. The firm is also planning a UK crypto launch.
Robinhood serves nearly 28 million customers across 38 countries. HOOD closed up more than 8% on Wednesday at $108.65 — nearly 20% gains over the past month, though still more than 29% off its 52-week high.
Key Takeaways On-chain monitoring platform Arkham Intelligence detected that Cameron and Tyler Winklevoss moved approximately $60M in Bitcoin and $7M in Ethereum to Gemini exchange hot wallets on July 1, 2026. Similar transfer activity occurred in March ($130M) and June ($67.5M), with Arkham suggesting these movements preceded previous sales. Banking giant Citigroup slashed its one-year price projection for Bitcoin from $112,000 down to $82,000, while reducing its Ethereum forecast from $3,175 to $2,240. Bitcoin touched a 24-hour low of $57,747, with market watchers cautioning that a break below critical support could trigger a decline toward $50,000; Ethereum recorded its weakest monthly closure since 2023. Blockchain analyst Darkfost highlighted that Bitcoin’s net supply ratio reached -0.075, a metric that historically signals potential accumulation zones near market cycle lows. Blockchain surveillance platform Arkham Intelligence disclosed on July 1, 2026, that the Winklevoss twins—Cameron and Tyler—relocated approximately $60 million in Bitcoin alongside $7 million in Ethereum from cold storage wallets to hot wallets associated with Gemini, the cryptocurrency exchange they founded. According to Arkham, this transfer pattern mirrors previous movements that preceded liquidation events.
THE WINKLEVOSS TWINS ARE SELLING BITCOIN
The Winklevoss Twins just moved $60M of BTC to Gemini, and $7M of ETH. This activity pattern matches usual selling patterns (custody > hot wallet).
The Winklevosses still hold over $300M of BTC. They made ~$1.7 Billion from Bitcoin since… pic.twitter.com/OXtxB2QBqO
— Arkham (@arkham) July 1, 2026
This isn’t the first time the brothers have executed such transactions. Earlier in June, they moved $67.5 million worth of Bitcoin to Gemini hot wallets. Prior to that, in March, the transfer totaled $130 million. Arkham’s analysis indicates that despite these substantial movements, the Winklevoss brothers maintain a Bitcoin portfolio exceeding $300 million in value, with cumulative Bitcoin gains estimated at approximately $1.7 billion since they began accumulating in 2015.
However, it’s important to recognize that transferring cryptocurrency from cold storage to exchange hot wallets doesn’t automatically signal an impending sale. Institutional holders and high-net-worth individuals frequently move digital assets for various operational purposes, including portfolio rebalancing, security protocol updates, exchange infrastructure management, or enhanced liquidity positioning. As of now, no actual sale has been verified.
Bitcoin Struggles Under Market Pressure The wallet movements occurred while Bitcoin was experiencing notable downward momentum. The leading cryptocurrency declined to an intraday bottom of $57,747 over the preceding 24-hour period and hovered around $58,600 during reporting time. Although trading volume increased by 9%, the cryptocurrency market continued to face headwinds following $4.5 billion in cumulative net withdrawals from Bitcoin exchange-traded funds throughout June, leaving many institutional participants hesitant.
Bitcoin (BTC) Price Market analyst Ted Pillows observed that sellers maintain market control, highlighting that the Coinbase Bitcoin premium indicator has reached its lowest level during the current market cycle. Pillows cautioned that should Bitcoin fail to defend the critical support range between $57,000 and $58,000, downside risk could extend toward the $50,000 threshold.
Meanwhile, global financial institution Citigroup revised its cryptocurrency price projections downward. The bank adjusted its 12-month Bitcoin price target from $112,000 to $82,000, while simultaneously reducing its Ethereum outlook from $3,175 to $2,240.
Ethereum Weakness and Blockchain Data Analysis Ethereum traded approximately 1% lower at $1,572, fluctuating within a daily range bounded by $1,549 and $1,600. Technical analyst Cheds Trading emphasized that Ethereum closed the previous month at its lowest level since 2023. The monthly candlestick formation displayed a Red Marubozu pattern, which technical traders generally interpret as a bearish continuation indicator.
Despite prevailing negative price momentum, certain blockchain metrics presented a more nuanced perspective. Cryptocurrency analyst Darkfost highlighted that Bitcoin’s net supply ratio—calculated using unspent transaction output data—declined to -0.075. According to Darkfost, this threshold has historically coincided with strategic accumulation opportunities, with the most recent occurrence observed near the conclusion of the 2022 bear market cycle.
Darkfost acknowledged that Bitcoin might experience additional downside movement before accumulation-phase buyers become active participants. Nevertheless, the current reading indicates that selling pressure may be approaching exhaustion.
Market observer Cryptollica presented a comparable analysis regarding Ethereum, emphasizing that the critical question centers on whether existing market structure can maintain support levels. Should these levels hold, the current environment of diminished investor confidence could ultimately establish conditions favorable for a price recovery.
Key Highlights New non-profit organization Ethereum Institutional debuts to accelerate institutional ETH adoption BitMine, Sharplink, and Ethereum co-founder Joseph Lubin provide funding for the initiative Beacon Chain staking deposits surge to unprecedented levels, reducing available liquid supply ETH price action confined to $1,500–$1,610 range, struggling below critical moving average resistance Technical analyst Ali Charts identifies $1,100 as crucial historical support with potential targets at $3,000 and $5,000 Ethereum is experiencing renewed institutional interest even as its price continues to face downward pressure. The digital asset is currently confined within a $1,500 to $1,610 trading range, struggling to break through multiple moving average resistance zones.
Ethereum (ETH) Price This week marked the debut of Ethereum Institutional, a newly established non-profit organization. The initiative originated from the Enterprise team within the Ethereum Foundation and received financial backing from BitMine and Sharplink—both Bitcoin treasury firms—alongside Ethereum co-founder Joseph Lubin.
The mission of this organization centers on bridging the gap between Ethereum’s ecosystem builders—including developers and infrastructure providers—and traditional financial institutions such as banks and asset management firms. The non-profit operates across five strategic pillars: education initiatives, institutional intelligence gathering, marketing campaigns, industry discovery programs, and event coordination.
This development follows closely behind the recent introduction of Ethlabs, another non-profit entity dedicated to advancing research and development efforts aimed at expanding Ethereum’s institutional capabilities. Both organizations share the same funding sources.
These launches arrive amid a period of significant personnel changes at the Ethereum Foundation. Notable departures include former executive directors Hsiao-Wei Wang and Tomasz Stańczak, along with Tim Beiko and several other key figures. The Foundation has also implemented substantial restructuring, reducing its workforce by 20% and slashing its budget by 40%.
Beacon Chain Staking Reaches Unprecedented Heights While price performance remains subdued, on-chain metrics paint a more optimistic picture. ETH staking deposits flowing into the Beacon Chain continue their upward trajectory, approaching all-time high levels. Increased staking activity directly translates to reduced liquid supply circulating on exchanges.
The Ethereum staking rate just broke above 32.8%, a fresh all-time high! 📈
Zoom out to 90 days and the trend is impossible to miss.
Straight up and to the right
🔹 Staking rate: 31.5% (early April) → 32.8% today
🔹 Climbing relentlessly through every dip and shakeout
🔹 Now… pic.twitter.com/xw5uxl0nuV
— Leon Waidmann (@LeonWaidmann) July 1, 2026
This dynamic carries significant implications, as liquid supply represents the most accessible pool for sellers during periods of market volatility. Should demand strengthen while liquid supply remains constrained, any subsequent price recovery could demonstrate greater intensity than typical market movements.
Recent liquidation data reveals ETH generated $100.3 million in total liquidations during a 24-hour trading window. Short position liquidations accounted for $67.2 million of this figure following a 3.5% price increase.
Technical Analysis and Critical Price Zones Examining the daily timeframe, Ethereum managed to break above a descending trendline in the vicinity of $1,601. Despite this technical achievement, the asset remains trapped beneath its 20-, 50-, and 100-day exponential moving averages, which form a resistance cluster spanning from $1,665 to $1,994.
The Relative Strength Index currently registers approximately 42. Near-term resistance barriers are positioned at $1,665, $1,741, and $1,806. Conversely, support zones beneath the current price level can be found at $1,524 and $1,405.
Cryptocurrency analyst Ali Charts drew attention to the $1,100 price zone as a historically robust support area. In a recent analysis, Ali Charts observed that each test of this level dating back to 2021 has triggered substantial buying pressure. The analyst outlined potential upside objectives, identifying $3,000 as an intermediate target and $5,000 as the upper boundary of Ethereum’s long-term price channel, contingent upon the $1,100 support level maintaining its strength.
ETHEREUM: WHEN TO BUY?
Ethereum is approaching a historically support level that has defined its macro price action for years.
Since 2021, the $1,100 level has served as the ultimate bottom boundary of Ethereum's long-term price channel. Historically, every single test of this… https://t.co/LNkygeXO5n pic.twitter.com/1NQMcvoXYL
— Ali Charts (@alicharts) July 2, 2026
ETH was last quoted near $1,610, with the $1,741 resistance level representing the critical short-term milestone for traders to monitor.
Ethereum Institutional has launched as an independent non-profit focused on accelerating institutional adoption of Ethereum, its Layer 2 networks, applications, and wider ecosystem.
Summary
Ethereum Institutional launched as an independent non-profit focused on finance firms adopting Ethereum and Layer 2s. BitMine, SharpLink, Joe Lubin, and other contributors are anchoring funding for the new organization. The group will focus on education, intelligence, marketing, standards, requirements, and events for institutions. The group says it will act as a neutral entry point for banks, asset managers, custodians, market infrastructure firms, fintechs, and sovereign institutions.
The organization is backed by BitMine Immersion Technologies, SharpLink, Ethereum co-founder Joe Lubin, and other individual and institutional contributors. It was formed after a year of institutional engagement work led by the Ethereum Foundation’s go-to-market team.
1/ Announcing Ethereum Institutional
An independent non-profit dedicated to accelerating the institutional adoption of Ethereum, its L2s, applications and overall ecosystem. pic.twitter.com/XUeViH6rrq
— Ethereum Institutional (@ethereuminsti) July 1, 2026 Ethereum Institutional said its launch comes as large financial firms study long-term platform choices for stablecoins, tokenization, and onchain market infrastructure. The group said Ethereum currently hosts about $180 billion in stablecoins on mainnet, about 60% of total stablecoin supply, and about two-thirds of tokenized real-world assets.
Ethereum Institutional sets five focus areas The Ethereum Institutional launch announcement said the group will work across five areas. These are institutional education and engagement, institutional intelligence, ETH and ecosystem marketing, industry discovery and requirements, and institutional events.
The organization said it has built more than 500 institutional relationships across banks, asset managers, sovereign institutions, custodians, and market infrastructure providers. It also pointed to its Institutional Ethereum Forum, which brought together more than 150 senior executives and digital asset leaders from institutions representing about $250 trillion in combined assets under management.
Ethereum Institutional plans to cover New York, London, Hong Kong, and Singapore from launch. It also plans to expand into Zurich, Frankfurt, Tokyo, and Abu Dhabi, with dedicated institutional leads in those markets.
BitMine, SharpLink and Lubin back the group Tom Lee, chairman of BitMine, said, “Financial institutions are making infrastructure decisions today that will shape capital markets for decades, and Ethereum is increasingly at the center of those conversations.” He said Ethereum Institutional gives firms a trusted place to engage with the ecosystem.
Joe Lubin said Ethereum has become infrastructure for “decentralized, verifiable, programmable trust.” He added that traditional finance is already moving onto Ethereum’s rails and that Ethereum Institutional will help institutions engage at scale.
“Ethereum’s credible neutrality is one of its greatest strengths, but neutrality without representation can often be seen as silence,” said David Walsh, executive director of Ethereum Institutional.
He said the group will give financial leaders a direct counterpart that can provide clear answers.
Launch follows Ethlabs formation The launch follows another Ethereum-focused non-profit announced last week. As previously reported, Ethereum recruited former Foundation researchers through Ethlabs, a research group backed by Joe Lubin, BitMine, SharpLink, and other ecosystem contributors. Ethlabs focuses on scaling, settlement, interoperability, and infrastructure for institutional use.
The two groups have different roles. Ethlabs focuses on research and protocol work, while Ethereum Institutional focuses on market engagement and institutional needs. Both groups arrive as Ethereum’s ecosystem shifts more work outside the Ethereum Foundation.
As crypto.news reported, the Ethereum Foundation laid off 20% of its workforce in June as part of a wider reorganization. The foundation said the changes were tied to its long-term roadmap and internal structure.
Institutional Ethereum activity keeps growing The new group arrives as Ethereum treasury firms continue to buy ETH despite weak market conditions. Previously,BitMine bought another $90 million in ETH, lifting its holdings close to 4.7% of Ethereum’s supply. BitMine has said it aims to reach 5% of total ETH supply.
SharpLink has also kept adding ETH. SharpLink bought another $62.4 million worth of Ether after ending an eight-month buying pause, as reported. The company has also backed Ethlabs alongside BitMine and Lubin.
Tokenized asset growth adds another reason institutions are watching Ethereum. Crypto.news reported thattokenized real-world assets reached about $34 billion, with Ethereum carrying about 60% of that value. Ethereum Institutional will now try to turn that market position into a clearer path for large financial firms building onchain.
Robinhood has launched its Ethereum Layer 2 mainnet alongside tokenized stock trading and perpetual futures, expanding its blockchain based financial services beyond the testnet stage.
Summary
Robinhood has launched its Ethereum Layer 2 mainnet with tokenized stocks and decentralized finance features. Eligible users in more than 120 countries can trade tokenized stocks through Robinhood Wallet on supported decentralized exchanges. Robinhood Wallet now offers perpetual futures through Lighter, with eligible users earning LIT token rewards based on trading activity. According to an announcement during the company’s “The World is Flat” event in London, Robinhood has unveiled the public mainnet of Robinhood Chain, an Ethereum Layer 2 network built with Arbitrum technology, while introducing tokenized stocks and decentralized perpetual futures trading as part of its latest international product rollout.
Speaking during the launch, Robinhood CEO Vlad Tenev and other executives described the announcement as the company’s most ambitious global expansion and product strategy so far, with a focus on combining traditional financial products with decentralized finance infrastructure.
Robinhood Chain moves from testnet to mainnet Robinhood Chain has been launched as a permissionless, AI native Ethereum Layer 2 network designed for real world assets. Built using Arbitrum’s technology stack to institutional standards, the network includes integrations with Alchemy, BitGo, and Chainlink, while also supporting built in DeFi features such as lending and borrowing.
The company said Uniswap will deploy a dedicated automated market maker as the chain’s primary public liquidity protocol, while Pleiades will launch its own automated market maker to serve as the primary proprietary trading venue.
The mainnet launch follows Robinhood Chain’s public testnet debut in February. At the time, Tenev said the network processed more than four million transactions during its first week, with developers already experimenting with tokenized stock assets and decentralized financial applications. The testnet was built to let developers evaluate tools and infrastructure before the production rollout.
Tokenized stocks and perpetual futures expand offering Alongside the blockchain launch, Robinhood introduced a new version of Stock Tokens that allows eligible users to trade tokenized equities around the clock directly on Robinhood Chain. According to the company’s disclosures, the tokens can also be used as collateral across decentralized finance applications and deployed into lending pools.
Robinhood said the new Stock Tokens are tokenized debt securities issued by Robinhood Assets (Jersey) Limited. While they provide economic exposure to the underlying shares, holders do not receive legal ownership or beneficial rights in the underlying stocks.
Eligible users in more than 120 countries can access the assets through Robinhood Wallet, with spot trading available on decentralized exchanges including Uniswap, Rialto, Lighter, 1inch and Arcus, which was developed by the team behind dYdX. The company said the product is unavailable to users in the United States and remains restricted in several other jurisdictions, including Canada, the United Kingdom, Switzerland, the United Arab Emirates and sanctioned regions.
Robinhood also renamed its earlier tokenized equity product as Classic Stock Tokens. Those assets, first introduced during the company’s Cannes event in June 2025, will continue to operate inside the Robinhood Europe app after the launch of the new on chain version.
Attention also turned to Robinhood Wallet, which now offers eligible users in selected jurisdictions access to perpetual futures through Ethereum-based decentralized exchange Lighter. According to the company’s disclosures, the product is not available in the United States, the United Kingdom, Canada, Switzerland, the United Arab Emirates, Singapore, and other restricted markets.
Robinhood said Lighter has allocated $11 million worth of its native LIT tokens to the Robinhood community. Eligible users will earn trading points on perpetual futures transactions that convert into LIT tokens, with trades executed through Robinhood Wallet receiving double the points compared with trades placed directly through Lighter’s web application.
