Track market-moving stories before they get noisy

Bitcoin has been struggling to recover after falling from $64,669 last month and is now trading near $58,669. As the market remains highly volatile, analysts warn that Bitcoin’s next liquidity move could trap both bulls and bears. 

While one group sees a short squeeze pushing BTC toward $62,000, others believe the market may first revisit the $50,000 liquidity zone before the next major rally begins.

$62K Holds the Biggest Short Liquidation TargetLooking at the Bitcoin Exchange Liquidation Map, market analyst Seth believes Bitcoin Price has already cleared one important liquidation zone. When Bitcoin recently fell to around $57,800, nearly $1.16 billion worth of leveraged long positions were liquidated. 

According to Seth, that liquidity has now been “grabbed,” meaning that overleveraged longs trader taken out.

After the recent bounce to near $59K, Seth believes many traders are again trying to buy the bottom. The chart shows another $1.16 billion worth of leveraged long positions building around the $57.8K level, meaning traders are once again betting that Bitcoin has found a bottom.

Now that the $58K Bitcoin long liquidation has been grabbed.

New degens are trying to catch the bottom with 100x and $1.16B has been added around $57.8K.

But when the degens give up, MM will be looking at the $4.14B in short liquidation at $62K BTC. pic.twitter.com/NtWnK9Dn41

— Seth (@seth_fin) June 30, 2026 Seth calls these traders “degens” because many are using extremely high leverage, sometimes as much as 100x.

However, Seth says the much bigger opportunity sits above the market. Around $62,000, there is nearly $4.14 billion in cumulative short liquidations. If Bitcoin climbs into that zone, short sellers may be forced to buy back their positions, pushing the price even higher.

Bitcoin to Visit $50K, Before Rally BeginsAdding another perspective, crypto trader SantinoCripto analyzed Bitcoin’s 1-day liquidation heatmap and highlighted another key signal. According to him, the largest concentration of liquidity is currently sitting between $50,000 and $57,000, making this one of the most important price zones to watch in the coming weeks.

As per his analysis, markets often move toward areas where the most liquidity is concentrated, making it likely that Bitcoin could revisit this zone over the next one to two months. 

If that happens, the $50,000-$52,000 range could become the new bear market floor. 

Supporting this view, crypto analyst Ali Martinez noted that a drop to $50,000 would liquidate nearly $70 million worth of long positions, which could increase selling pressure before the market finds a stronger bottom.

History Still Favors Bitcoin in July, With an Average of 7% ReturnDespite the short-term uncertainty, historical data remains positive. Looking at the Bitcoin monthly return chart, BTC has finished July in positive 9 out of the past 13 years, with an average monthly return of around 7%.

Crypto researcher Fleh remains bullish, saying Bitcoin’s monthly Binance liquidation heatmap shows significant short liquidity above current prices. One major cluster sits near $67,645, containing roughly $247 million in liquidation leverage and about $2.26 billion in cumulative short liquidations.

July is going to be a bullish month

There is so much liquidity sitting to the upside

I think $BTC bottoms here at 60k for now targeting 75k to the upside before any chance of lower

Enjoy the rollercoaster pic.twitter.com/ux5XCMcjp2

— fleh (@cryptofleh) June 26, 2026 Based on that liquidity, Fleh believes Bitcoin could first recover toward $75,000 before any larger correction has a chance to develop.

Story Ends Here

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Tokenomics have become one of the most important factors investors evaluate before entering a crypto project.

While narratives and community enthusiasm can attract early attention, long-term performance often depends on how tokens are distributed, how ecosystems grow, and whether incentives remain aligned over time.

Projects such as Floki and Bonk demonstrated that strong community participation can support rapid ecosystem expansion during favorable market conditions.

Today, analysts are beginning to compare MemeToro ($MT) with those earlier models, not because the projects are identical, but because each places significant emphasis on broad community ownership and ecosystem development rather than concentrated insider allocations.

The comparison highlights how meme projects are continuing to evolve.

Floki and Bonk Took Different Paths to Growth Although both projects emerged from the memecoin sector, their strategies differed considerably.

Floki gradually expanded beyond its meme origins by building decentralized finance products, gaming initiatives, and additional ecosystem utilities. Its tokenomics also introduced ongoing deflation through token burns funded by ecosystem activity, while transaction taxes helped support marketing, liquidity, and continued development.

Bonk followed another approach.

Rather than concentrating ownership, the project distributed a significant portion of its supply directly across the Solana ecosystem through community airdrops. NFT holders, developers, liquidity providers, artists, and DAO participants all received meaningful allocations, helping establish broad community participation from the beginning.

Both projects demonstrated that distribution strategy can influence long-term ecosystem growth.

Why Tokenomics Matter More Than Ever Today’s investors pay much closer attention to allocation structures than they did during previous market cycles.

Large insider holdings, aggressive unlock schedules, and concentrated ownership have become major warning signs after several high-profile token collapses. Community-focused distribution models are increasingly viewed as healthier foundations for long-term ecosystem development.

That shift explains why analysts continue evaluating token allocation before considering potential growth.

Strong tokenomics alone cannot guarantee success.

However, they can help create a healthier starting point by aligning incentives between developers, communities, and long-term participants.

MemeToro Takes a Community-First Approach MemeToro ($MT) has adopted a distribution model centered around public participation.

The project has a fixed maximum supply of 1.2 billion $MT, avoiding the extremely large token supplies commonly associated with many meme projects. Of that supply, 857,936,900 tokens (71%) are allocated directly to the public sale.

The remaining allocation supports ecosystem growth.

10% is reserved for centralized exchange liquidity, 7.56% funds marketing and strategic partnerships, 5% supports platform operations, 4.44% is dedicated to ecosystem rewards, and the core team retains only 2% for long-term development.

Many analysts view this structure as emphasizing community ownership while maintaining resources for future expansion.

Utility Extends Beyond Token Distribution Tokenomics represent only one part of the broader ecosystem.

MemeToro ($MT) combines artificial intelligence, SocialFi participation, behavioral finance, decentralized prediction markets, and automated memecoin creation within one platform. Instead of relying solely on community enthusiasm, the project attempts to create continuous user engagement through multiple products.

Its AI Agent continuously analyzes social conversations, market narratives, online trends, and cultural developments to identify emerging opportunities across crypto markets.

Those insights support an automated no-code memecoin creation engine that lowers technical barriers for users while encouraging ecosystem participation.

Prediction markets add another important layer.

Users can forecast outcomes across cryptocurrency, sports, entertainment, politics, and global events using both MemeToro ($MT) and BNB, while staking offers rewards of up to 35% APR.

Exploring MemeToro Memecoin Parameters and Safety Tools MemeToro implements several structural safeguards within its token engine to separate its deployment ecosystem from standard unverified blockchain launches. The underlying system emphasizes transparency, low-latency transaction processing, and user-facing analysis tools.

Permanent Liquidity Layers: Graduate your token to establish independent, permanent external trading pools automatically. Sustainable Developer Economics: Receive reward distributions based directly on community trading engagement and volume milestones. Reduced Front-Running Exploits: Stop malicious trading bots natively using automated platform-level smart contract scripts. Live Safety Diagnostics: Assess vital smart contract components instantly to avoid high-risk project interactions. The platform provides an informational environment through its news portal to assist newer market participants. These resources highlight key blockchain trends, offer comprehensive software instructions, and remind users that memecoin trading carries inherent downside risks.

Could MemeToro Surprise the Market? Some analysts believe projects combining balanced tokenomics with expanding utility may have stronger long-term positioning than ecosystems relying primarily on speculation.

That does not guarantee future performance.

However, broader community ownership, multiple participation channels, and continued ecosystem development provide several factors investors continue monitoring throughout the presale.

The project is currently progressing through Stage 3, where $27,284.54 has already been raised toward the round target of $80,644.11. The current presale price stands at $0.00171 per $MT.

As additional milestones are completed, investors will continue evaluating how effectively the platform executes its roadmap.

More Information on MemeToro ($MT) Presale Here:

Website: https://memetoro.com/

X: https://x.com/memetoro_mt

Telegram: https://t.me/memetoro_mt

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Bittensor cut its emissions in half in December, and roughly 70% of the supply is locked in staking. The supply side looks tight, but a halving only moves price if demand shows up to meet it.

Summary

Bittensor (TAO) ran its first halving on Dec. 12, 2025, cutting daily emissions from 7,200 to 3,600 TAO against a fixed 21 million cap, the same hard-cap design Bitcoin uses. TAO trades near $250 as of late June 2026, roughly 65% below its early-2024 record near $757, ranked around #27 to #37 with a market cap close to $3 billion and only about 11 million tokens in circulation. The bull case rests on a tightening float: with around 70% of supply staked for roughly 10% yield, the halved emissions slowly thin out sell-side pressure, which can lift price if demand holds or grows. The bear case is that a halving is a supply event the market already knew about, and TAO’s real problem is proving its subnets capture lasting value instead of riding AI-narrative momentum that fades. Analyst forecasts for 2026 run wide, from Gate near a $236 average to Coinpedia eyeing a $500 reclaim, with the outcome hinging on subnet revenue, ETF flows, and the broader AI trade more than on the halving alone. Bittensor’s first halving is already in the past. It happened on Dec. 12, 2025, and the daily issuance of TAO dropped from 7,200 tokens to 3,600 overnight. So the live question for 2026 is not whether the halving will happen. It is what a halving actually does to a token whose price sits 65% below its record, whose technical picture is bearish, and whose deeper story is still unproven. The supply math is real. Whether it matters depends on demand, and that is the harder part of the forecast.

This piece walks through how the Bittensor halving works, why a supply cut takes months to filter into the market, the demand-side question the halving does not answer, what the charts say at current levels, the institutional wildcard around a possible spot ETF, and where analysts think TAO could trade in 2026. It closes with bull, base, and bear scenarios and a short FAQ.

How the Bittensor halving actually works Bittensor is an open marketplace for machine intelligence. Models, compute, and data compete inside specialized markets called subnets, and the network scores their output through a mechanism known as Yuma Consensus.

TAO is the settlement token that pays for useful work and secures the network through staking. The protocol was started in 2019 by AI researchers Ala Shaabana and Jacob Steeves, and its token design borrows directly from Bitcoin: a fixed cap of 21 million coins and a halving schedule that cuts new issuance over time.

The December 2025 halving was the first of these events. Daily emissions fell from 7,200 TAO to 3,600. In plain terms, the network now mints half as much new TAO each day as it did before. Miners and validators who earn TAO for their contributions receive a smaller flow of new tokens, which over time means less fresh supply hitting the market. The mechanism is the same logic that underpins Bitcoin halvings, where reduced issuance has historically preceded periods of price strength, though the cause and effect is never as clean as the charts make it look in hindsight.

The key difference between a halving in theory and a halving in practice is timing. Issuance dropped instantly on the halving date, but the effect on circulating supply is gradual. The tokens already in circulation do not disappear, and the slower drip of new supply only changes the balance of buyers and sellers over weeks and months, not in a single candle. That is why the halving is better understood as a structural shift in the background rather than a switch that flips price higher on the day.

Why the supply cut takes months to bite The most important number for the supply thesis is not the emission rate. It is how much TAO is locked away and cannot be sold. Roughly 70% of the circulating supply is staked by validators and delegators, who earn an annual yield in the region of 10% for securing the network. Staked tokens are not idle, but they are also not sitting on exchange order books waiting to be dumped. That combination, halved emissions plus a high staking ratio, is what makes the Bittensor float look unusually thin compared with most tokens of similar size.

Here is the chain of logic the bulls lean on. New supply has been cut in half. A large majority of existing supply is staked and earning yield, so holders are paid to keep it locked. If demand for TAO stays flat or rises while the liquid, sellable float shrinks, the price pressure shifts upward over time. This is the classic supply-shock argument, and on paper it is coherent. With only about 11 million of the 21 million cap in circulation and most of that staked, the genuinely tradable supply is a fraction of the headline number.

The honest caveat is that supply shocks are slow and conditional. The phrase doing the heavy lifting is “if demand stays flat or rises.” Reduced emissions cannot lift a price by themselves if buyers walk away faster than sellers do. Through the first half of 2026, that is roughly what happened: TAO slid toward $200 in early June before rebounding, even though the halving was months in the rearview mirror. The supply setup was already in place, and it did not stop the drawdown. The lesson is that the halving loads the spring, but something on the demand side has to pull the trigger.

The demand side the halving does not solve This is the part of the forecast that actually decides where TAO goes, and it has nothing to do with the halving. Bittensor’s value depends on whether its subnets capture real, durable economic demand for machine intelligence, or whether TAO is mostly a high-beta proxy for AI enthusiasm that rises and falls with the narrative.

There is a real case to make. The subnet ecosystem has expanded past 120 active markets, each handling a specialized task such as inference, compute, data, or prediction. The network reported around $43 million in Q1 2026 revenue from AI services, which is a concrete sign that money is moving through the system instead of just speculation.

The Dynamic TAO, or dTAO, upgrade lets subnets allocate emissions based on real demand instead of fixed rewards, which is meant to price intelligence by the market and push Bittensor from a research project toward actual economic activity. The ambition is large: to be the settlement layer for intelligence itself, the place where models, compute, data, and incentives meet in one market.

The bear reading is that this is still unproven, and the network has shown it can break. In April 2026, a high-profile subnet exit triggered a roughly 25% price drop, exposing how much concentration and governance fragility sit underneath the optimistic story. The market punished the weak decentralization signal fast.

The deeper worry is value capture: even if subnets generate revenue, it is not yet clear how much of that value flows back to the TAO token itself rather than to the subnet operators or token holders downstream. An AI token can have busy subnets and still struggle to translate that activity into sustained token demand.

When AI excitement runs hot across the market, TAO tends to jump, and when attention rotates elsewhere, it tends to fade. That correlation is the bear case in one sentence: if TAO is mostly AI-hype beta, the halving will not save it.

NEW: $TAO rallies 30% in 12 hours after Anthropic AI model suspension. The move highlights interest in decentralized AI alternatives like Bittensor pic.twitter.com/YrNJDKlks3

— crypto.news (@cryptodotnews) June 16, 2026 What the charts say right now At current levels near $250, TAO sits in a bearish-to-neutral technical posture. Through June, it traded below the cluster of 50-day, 100-day, and 200-day exponential moving averages sitting roughly between $256 and $270, which means the medium-term trend has been pointing down and that band overhead acts as resistance. Momentum readings have hovered in weak-to-neutral territory, with relative strength index values in the mid-30s to mid-50s depending on the day, not oversold enough to scream reversal and not strong enough to confirm one.

TAO daily price chart — June 30 | Source: crypto.news The levels traders watch are clear. On the downside, the $200 area has acted as a line in the sand through June, and a decisive break below it opens the door toward the February low near $163. On the upside, the first hurdle is reclaiming that $256 to $270 moving-average band, and above it the structure points toward $352 and then $396, the levels several analysts flag as the gateway to a larger move.

The longer-term chart frames the whole range: an accumulation floor around $160 to $200 and a distant ceiling near the $720 to $760 zone that produced the record in early 2024. TAO has cycled inside that channel before, finding demand at the lows and heavy profit-taking at the highs.

The takeaway from the charts is that TAO is not in a breakdown, but it is not in an uptrend either. It needs to reclaim its moving averages before the supply thesis gets any technical confirmation, and until it does, the halving narrative is a fundamental tailwind fighting a bearish trend.

The institutional wildcard The most underpriced catalyst in the TAO forecast may be the one that has nothing to do with the chart. Grayscale filed an S-1 for a Bittensor trust on Dec. 30, 2025, and its Grayscale Bittensor Trust is already live over the counter, giving accredited investors a regulated wrapper for TAO exposure. Bitwise has also filed for a spot TAO product, with a U.S. regulatory decision expected around August 2026. The exact timing is not guaranteed, and approval is not certain, but the direction of travel matters.

The reason this is a wildcard rather than a sure thing is the corridor it opens. Once an asset is treated as ETF-eligible, it stops being dismissed as a pure speculation and starts being treated as infrastructure exposure that funds can hold without touching spot crypto directly. Bitcoin went through this in its earlier institutional phase, and Ethereum followed.

TAO is now entering the same corridor as the leading decentralized-AI asset. Anticipation alone can move price, because spot buyers tend to position early when future access looks credible.

There is a broader narrative tailwind too. When confidence in centralized AI wobbles, capital has flowed toward decentralized alternatives, and one such episode pushed an estimated $2.87 billion into AI crypto tokens inside a single week. TAO is the default beneficiary of that rotation given its position as the category leader by market cap. The flip side is that this same dependence on the AI narrative is exactly the fragility the bears point to: flows that arrive on a narrative can leave on one too.

What analysts forecast for TAO in 2026 Forecasts for TAO in 2026 span an enormous range, which is itself the honest signal: the outcome depends on variables no model can pin down. The figures below are third-party projections, presented as a spread of views, not as targets this publication endorses.

On the cautious end, Gate’s model centers 2026 around an average near $236, with a projected low close to $130 and a high around $318, essentially expecting TAO to hold near current levels with wide swings. Coindataflow’s experimental forecast sits in a similar low band, with a 2026 high near $281. In the middle and higher, Changelly’s analysis points to a 2026 range of roughly $388 to $472 with an average near $402, while Cryptopolitan’s technical read frames a $134 to $570 band with an average around $475.

Coinpedia takes a more constructive technical view, arguing that if TAO clears resistance at $352 and $396 in the 1st half of the year, the path opens toward a $500 reclaim. Looking further out, long-term projections from several of these firms cluster in a $900 to $3,000 range for 2030, premised on decentralized AI demand expanding and TAO holding its category lead.

The width of that spread, from a low near $130 to highs above $570 in the same year, is not a failure of analysis. It is an accurate reflection of how much hinges on whether subnet demand compounds, whether an ETF arrives, and whether the AI trade stays in favor. The halving sets the supply backdrop. These other forces decide the magnitude.

How the Bittensor halving compares with Bitcoin’s The halving thesis borrows its emotional weight from Bitcoin, where four-year supply cuts have lined up with major bull runs. The comparison is useful, but it breaks down in ways that matter for the forecast. Bitcoin’s halving reduces the new supply paid to miners who secure a settlement network whose demand driver is, broadly, monetary: people want to hold Bitcoin as a store of value.

Bittensor’s halving reduces the new supply paid to miners and validators who produce and verify machine intelligence, and TAO’s demand driver is supposed to be usage of that intelligence through subnets. Those are different engines.

The practical consequence is that a Bittensor halving cannot lean on the same reflexive narrative. Bitcoin’s halvings work partly because a huge population of holders believes they work, which makes the belief partly self-fulfilling. TAO does not yet have that scale of conviction, and its price has shown it: the token fell after the December halving instead of rallying on it, because the AI-token market cared more about subnet performance and the broader risk environment than about a supply chart. The halving is real and structurally helpful, but anyone modeling TAO on a clean Bitcoin-style post-halving curve is importing an assumption the data has not yet earned.

There is also a proportionality difference. Bitcoin’s reduced issuance is a small fraction of its already-large circulating supply, so the supply effect is gradual while the narrative effect is immediate.

For TAO, the emission cut is proportionally larger against a much smaller circulating base, which should make the mechanical supply effect more potent over time, yet the narrative effect is weaker because fewer participants treat the halving as gospel. The net is a token where the fundamentals of the halving may matter more than they do for Bitcoin, while the storytelling matters less.

The deeper design point sits underneath all of this. Bittensor was built by Ala Shaabana and Jacob Steeves in 2019 around Yuma Consensus, the mechanism that scores and rewards useful machine-intelligence work. That design is what lets the network claim it pays for output instead of raw hardware uptime, and it is the foundation of the value-capture argument. The halving sharpens the supply side of that design, but it does not resolve whether the scoring turns into durable token demand, which remains the open question the price keeps asking.

What to watch through the rest of 2026 For readers tracking TAO instead of chasing headlines, a short list of signals will reveal which scenario is unfolding well before the price confirms it. The first is subnet revenue: the roughly $43 million reported for the first quarter is the number to watch for growth, because rising real revenue is the strongest evidence that the value-capture story is working instead of stalling. The Second is the moving-average band between $256 and $270; reclaiming and holding above it would be the first technical sign the bearish trend has turned.

The third is the ETF timeline, with a U.S. decision expected around August 2026. An approval, or even rising odds of one, would open the institutional corridor the bull case needs, while a denial or a delay removes a catalyst the market has started to anticipate.

The fourth is governance stability: after the April subnet exit that triggered a 25% drop, any repeat of concentration or governance trouble would confirm the fragility the bears emphasize and could undo months of recovery in days. The fifth is the health of the broader AI trade, since TAO has behaved as a high-beta proxy for AI sentiment, and a rotation out of AI tokens would pressure it regardless of its own progress.

Watched together, these five tell a more reliable story than any single price target. If subnet revenue climbs, the moving averages flip, and the ETF path advances, the supply setup from the halving finally has demand to work with, and the bull case gains real footing. If revenue stalls, governance wobbles, and the AI trade cools, the thin float will amplify the downside instead of cushioning it. The halving set the stage in December. These signals decide whether anyone shows up to use it.

Bull, base, and bear scenarios for TAO The scenarios below combine the supply setup with the demand and institutional variables that actually drive the outcome. They are illustrative ranges built from the third-party forecasts above and current market structure, not guarantees.

Bull case In the bull scenario, the halving thesis works as designed and demand shows up to meet the tightening float. Subnet revenue keeps climbing from the $43 million Q1 pace, dTAO routes emissions toward markets with real usage, and the value-capture question starts to resolve in TAO’s favor. A spot ETF decision lands favorably or looks likely, pulling regulated capital into a thin float where roughly 70% of supply is staked and out of reach. TAO reclaims the $256 to $270 moving-average band, breaks $352 and $396, and runs toward the $500 area that Coinpedia and others flag, with the more aggressive long-term models pointing higher into 2027 if the AI trade stays hot. This case depends on the AI narrative staying strong and the network avoiding another governance shock.

Base case In the base scenario, the halving slowly does its quiet work but no single catalyst fires hard. Subnet activity grows unevenly, the ETF path advances but without a clean approval inside 2026, and the AI trade runs warm instead of euphoric. TAO spends the year chopping inside its broad trading channel, roughly between the $200 floor and the low-$400s, with the average landing near the $236 to $402 zone that the Gate and Changelly models bracket. The thin float keeps downside contained on dips, but the unproven value-capture story caps rallies. This is the “constructive but unconfirmed” outcome where the supply setup helps at the margin without overpowering a cautious market.

Bear case In the bear scenario, the halving is revealed as a supply event the market already priced, and TAO behaves as AI-hype beta. The value-capture question stays unanswered, another subnet exit or governance dispute dents confidence the way April’s did, and the broader AI trade rotates out. TAO loses the $200 floor and slides toward the February low near $163 or lower, with the bearish low-end forecasts near $130 coming into view. In this case, the staking lockup offers little protection, because holders unwind positions when yield no longer offsets falling token value, and the thin float that amplifies rallies amplifies declines just as efficiently.

Frequently Asked Questions When was the Bittensor halving and what changed? The first Bittensor halving took place on Dec. 12, 2025. Daily TAO emissions were cut in half, from 7,200 tokens to 3,600. The network follows a Bitcoin-style design with a fixed 21 million supply cap, so issuance steps down over time. The supply effect is gradual, filtering into circulating supply over months instead of moving price on the halving date itself.

Does a halving guarantee TAO goes up? No. A halving reduces the rate of new supply, which can support price if demand holds or grows, but it cannot lift a token on its own. TAO slid toward $200 in the months after the December halving before rebounding, which shows that reduced emissions do not override weak demand or a bearish trend. The halving loads the supply side, but demand has to do the rest.

Why is roughly 70% of TAO staked, and why does it matter? Holders stake TAO to help secure the network through validators and delegators, and they earn an annual yield around 10% for doing so. Staked tokens are locked and not readily available to sell, which thins the liquid float. Combined with halved emissions, the high staking ratio is the core of the supply-shock argument, since it shrinks the genuinely sellable supply.

What is the biggest risk to the TAO forecast? The biggest risk is that TAO is valued mostly on AI-narrative momentum instead of durable demand for its subnets. The subnet ecosystem generates revenue, but how much value flows back to the TAO token is unproven, and a high-profile subnet exit in April 2026 triggered a roughly 25% drop. If the AI trade cools or governance fragility resurfaces, the supply setup will not protect the price.

Could a spot TAO ETF change the picture? Possibly. Grayscale’s Bittensor Trust is already live over the counter, Grayscale filed an S-1, and Bitwise has filed for a spot product, with a U.S. decision expected around August 2026. A favorable outcome would open a regulated channel for institutional capital into a thin float, which the bull case leans on. Approval and timing are not guaranteed, so it remains a catalyst to watch instead of a certainty.

Where do analysts think TAO could trade in 2026? Third-party forecasts span a wide range. Cautious models such as Gate center near a $236 average with a low around $130, while higher views from Changelly and Cryptopolitan point to averages around $400 to $475 and Coinpedia flags a possible $500 reclaim if key resistance breaks. Long-term 2030 projections from several firms cluster between $900 and $3,000. The spread reflects genuine uncertainty about subnet demand, ETF flows, and the AI trade.

Disclaimer: This article is for information purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency prices are highly volatile, and price predictions are speculative estimates that may not occur. Nothing here is a recommendation to buy or sell any asset. Always do your own research and consider consulting a licensed professional before making financial decisions. Figures are accurate as of June 30, 2026, and will change.

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.

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President Donald Trump disclosed at least $1.4 billion in income tied to crypto during 2025, making digital assets the largest reported source of revenue across his business holdings.

The figures were included in a 927 page annual financial disclosure received by the US Office of Government Ethics on June 29. The report covers income generated through companies and trusts connected to Trump, though some entities also include ownership interests held by family members.

CIC Digital, an entity wholly owned by the Donald J. Trump Revocable Trust, reported about $635.1 million in royalties from a licensing agreement with Celebration Coins. The company also disclosed Bitcoin holdings valued above $50 million, along with Ethereum and USDC wallets valued between $5 million and $25 million each.

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CIC Digital reported an additional $510,808 in Ethereum staking rewards and $45,932 in interest from its USDC holdings. The entity manages licensing fees related to Trump branded nonfungible tokens and meme coins.

World Liberty Financial related holdings generated more than $592 million across token distributions and an equity sale, according to the filing. The disclosure included $236.3 million from token sales, $65.6 million from the sale of an interest in WLF Holdco and additional distributions paid through wallets holding Bitcoin, Ethereum, USDC and other tokens.

Trump also disclosed $196.9 million in proceeds from new capital contributions and the sale of units in Stablecoin Holdco. The stablecoin business generated a further $8.3 million in operating income and was valued between $5 million and $25 million in the filing.

The crypto income far exceeded revenue from Trump’s traditional properties. Mar-a-Lago generated about $77.5 million in resort revenue, while his golf club in Bedminster, New Jersey, reported $37.6 million.

The disclosure offers the most detailed account yet of how significantly Trump’s business interests have shifted toward digital assets. It also renews scrutiny of potential conflicts as his administration shapes policies affecting stablecoins, crypto markets and financial regulation.

Trump transferred several holdings into his revocable trust, of which he remains the sole beneficiary, rather than selling the assets or placing them in an independently managed blind trust. The Office of Government Ethics concluded that the filing complied with applicable disclosure laws and regulations.

The report comes as Bitcoin continues to show signs of weakness after weeks of declines, trading near $58,500 and close to its yearly low of about $58,000, while remaining more than 53% below its record high of roughly $126,200 reached last October.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

Synopsis

President Trump's latest financial disclosures reveal over $1.4 billion in income from crypto ventures last year, a significant surge from previous filings. His companies reportedly earned nearly $800 million from World Liberty Financial, a crypto firm he co-founded, alongside $635 million from Trump meme coins. This highlights a dramatic shift in his financial portfolio, with traditional businesses also showing growth, particularly his golf resorts.

ET CONTRIBUTORSU.S. President Donald Trump reported more than $1.4 billion in income from his family's crypto ventures last year, showing how Trump now derives most of his income from digital assets that have benefited from his policies, according to a review of his latest financial disclosures on Tuesday. The filings, his annual disclosure for 2025 with the U.S. Office of Government Ethics, disclosed that his companies received almost $800 million from World Liberty Financial, a crypto venture he and his sons co-founded. That income, which the president splits with family members, included more than $520 million from sales of crypto tokens and more than $250 million from the ‌sale of interests in the ⁠World Liberty ⁠business.

Trump reported another $635 million from the sale of his Trump meme coins. The news underlines how crypto has transformed the president's fortunes. In his disclosure a year ago, for example, the president reported $57.35 million from token sales at World Liberty, which then leaped nine-fold in this year's filing. Reuters recently estimated the Trump family has made at least $2.3 billion from crypto-related projects since Trump returned to the White House in 2025.

On taking office, Trump began to put in place policies and initiatives that the industry saw as beneficial, from implementing federal rules for stablecoins to dialing back policing of the industry by the U.S. Justice Department and the Securities and Exchange Commission.

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For 2025, the president also reported over $80 million in income from settlements with various media companies and $52 million in income from his company licensing his name to overseas property developers, driven principally by deals with Middle Eastern partners.

White House spokesperson Anna Kelly said in a statement, "Neither the ⁠President nor ‌his family has ever engaged - or will ever engage - in conflicts of interest. President Trump proudly made the United States the crypto capital of the world through executive actions."

Kelly added: "All actions by President Trump and his administration are taken in the best interest of the American people - and any so-called 'reporters' pushing otherwise are recycling the ⁠same, tired, false narrative that Democrats and the legacy media have been pushing for a decade."

While the White House has previously said the president's business interests are currently overseen by his children, the president remains the beneficiary of the assets in the trust that ultimately receives the income.

NEW WEALTH DRIVEN BY CRYPTOAlthough crypto is by far the largest driver of income for Trump, his traditional businesses - in particular golf courses and resorts - continued to bring in millions.

Trump reported a 15% rise in revenue at his golf and resort facilities to just over $500 million in 2025. The strongest increases were at clubs where the president has spent considerable time since his 2025 inauguration.

Revenue at his Mar-a-Lago club in Florida, which Trump dubbed the Winter White House, soared to $77 million from $50 million in 2024, while revenue at his golf club in nearby West Palm Beach jumped 27%. Revenue fell at Trump's Los Angeles course last year. Trump hosted winners of his second annual meme coin contest at Mar-a-Lago in ‌April. Trump's income from his real estate interests - the business in which he made his name - had less spectacular growth. He reported income from a dozen significant commercial real estate ventures, mainly interests in buildings he built or acquired decades ago. The filing doesn't give specific rent figures for properties like Trump Tower in New York but rather income ranges. For most, the income range ⁠in 2025 was the same or lower than Trump reported a decade prior.

A spokesperson for the Trump family business, The Trump Organization, said in a statement that "the breadth and depth of this filing further underscores our commitment to transparency. At nearly 1,000 pages, it represents one of the most comprehensive financial disclosure reports ever submitted and demonstrates a level of financial transparency unmatched in presidential history."

A spokesperson for World Liberty Financial declined to comment.

Don Fox, a former acting head of the federal ethics office, which oversees ethics regulations for federal workers and reviews financial disclosures, including Trump's, said presidents and vice presidents are exempted from the ethics laws that prohibit conflicts of interest among executive branch employees.

"Every president in the post-Watergate era has managed his finances as though he were subject to conflicts of interest," said Fox. "With Trump, those norms are just totally out the window."

"He makes the case better than anyone that it's time for additional ethics reforms. I think in terms of legislation, one thing that could be done would be to limit the types of investments he and the vice president ... can hold."

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According to Donald Trump’s 2025 financial disclosure, the former US President’s income from cryptocurrency-linked ventures soared to approximately $646 million. The filings show that revenue from the Trump family’s digital asset activities outpaced other sources during a period marked by friendlier administration policies toward crypto. However, critics argue that this surge in income has reignited debates about potential conflicts of interest.

Crypto revenues take the leadOne of the most notable entries in the disclosure is World Liberty Financial, a decentralized finance (DeFi) platform operated by the Trump family, which generated about $588 million through token sales. DeFi platforms facilitate financial transactions on the blockchain without intermediaries—offering an alternative to traditional banking systems.

Glossary: DeFi refers to blockchain-based services delivering financial products without the need for traditional intermediaries, such as banks or brokers. A cold wallet is a type of storage method that keeps digital assets offline, enhancing security against online threats.

Trump’s crypto-related earnings surpassed even his well-known real estate and resort income. The disclosure listed more than $290 million in combined revenue from Florida’s Mar-a-Lago Club and various golf resorts and vacation properties.

Income SourceAmountTotal crypto-linked incomeApproximately $646 millionWorld Liberty Financial token salesApproximately $588 millionReal estate and resort incomeOver $290 millionWhite House Deputy Press Secretary Anna Kelly argued that Trump has positioned the US as a global crypto leader, insisting that neither the former president nor his family face any conflicts of interest and will continue to avoid such situations in the future.

Bitcoin and Ether holdings declaredThe disclosure also revealed that Trump holds more than $50 million in Bitcoin stored in cold wallets. In addition, he reported between $5 million and $25 million in Ether, along with declarations of USDC and USD Key assets.

Throughout 2025, the Trump administration gained attention for introducing more crypto-friendly regulatory frameworks, executive actions supporting digital assets, and policy choices favoring the sector. As a result, crypto markets reached all-time highs, further boosting revenues from the family’s digital ventures.

Criticism and responseThe Trump Organization defended the scope of the financial disclosure, stating it demonstrates a commitment to transparency. The company highlighted that the detailed nature of these documents serves to inform the public.

Robert Weissman, co-president of the advocacy group Public Citizen, contended that Trump’s personal financial interests are now closely tied to the crypto industry, warning that this could pave the way for regulations potentially harmful to consumers and financial stability.

Public Citizen, a nonprofit focused on consumer rights, issued a sharp critique of the earnings report. The organization has called on Congress to investigate potential conflicts of interest and take appropriate action if necessary.

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 Solana wallet is bringing on the three-person team behind a pre-IPO perpetuals platform, deepening its push into derivatives.

Phantom, the largest Solana wallet by market share, said the team behind Ventuals is joining the company this week, weeks after the Hyperliquid-based perpetuals venue shut down.

The hires are Ventuals co-founders Alvin Hsia and Emily Hsia, along with engineer Aris Samad, Phantom said in an announcement on its X account and a company blog post. The deal is not a purchase of the company or its product.

Ventuals wound down its onchain pre-IPO trading platform in mid-June, reporting more than $650 million in lifetime trading volume and over 500,000 HYPE raised across its run.

The move folds talent from one of Hyperliquid's earliest pre-IPO perpetuals builders into a consumer wallet that has been expanding aggressively into derivatives. Phantom added in-wallet perpetual futures, powered by Hyperliquid, in July 2025, and has since extended into equity and pre-IPO-style markets. Hiring the Ventuals founders gives Phantom people who built and operated their own markets on Hyperliquid.

HYPE, the token underpinning Hyperliquid, traded around $65, down about 2% over 24 hours, roughly in line with Bitcoin's 2.8% slide over the same period, and up about 6% over the past week, according to CoinGecko.

Phantom has not said what the Ventuals founders will build at the company or whether the hire signals a deeper move into pre-IPO or equity perpetuals.

A Team With Hyperliquid PedigreeVentuals described itself as the first onchain derivatives protocol for private, pre-IPO company valuations, with each market tracking a synthetic price rather than a claim on shares. Alvin Hsia was the company's chief executive and Emily Hsia its chief technology officer; both previously worked at Goldfinch and Airbnb, and earlier co-founded a project called Shadow.

The team built its markets through Hyperliquid's HIP-3 framework, which lets outside developers deploy and run their own perpetual-futures markets backed by a HYPE stake. Ventuals' flagship contracts let traders take leveraged positions on the valuations of OpenAI and Anthropic, neither of which is publicly traded. In the wind-down, those markets were frozen at their trailing 24-hour average prices and settled, and the team confirmed there would be no Ventuals token.

Phantom's Derivatives PushPhantom is the dominant wallet in the Solana ecosystem, with roughly 39% of Solana wallet market share and 15 million to 20 million monthly active users, and a $3 billion valuation set in a January 2025 Series C led by Sequoia Capital and Paradigm. The wallet has moved well beyond storage, adding swaps, staking, a prediction-market feature and, since mid-2025, perpetuals.

Phantom's perps product runs on Hyperliquid and surpassed $10 billion in cumulative trading volume within months of its July 2025 launch, the company has said. It has since added equity perpetuals deployed through HIP-3. The Ventuals founders' background in deploying and running such markets maps directly onto that roadmap, though Phantom did not detail the team's specific roles.

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Although Hyperliquid [HYPE] sits 15% below its $76k high recorded a week ago, the market still exhibits strong bullish pressure. In fact, the altcoin successfully held $60 and bounced back to a local high of $67 before slightly retracing. 

At press time, Hyperliquid traded around $65, up 4.58% on the daily charts. At the same time, the volume climbed 88%, reflecting heightened market activity. 

A whale offloads $5.18M in HYPE After HYPE rebounded from its recent slip to $60, some whales have turned to profit-taking. 

According to Lookonchain, a whale linked to a16z deposited 77,402 HYPE, worth $5.18 million, into OKX and Bybit. After previously accumulating HYPE aggressively, the whale now appears to be rotating into other assets.

Shortly after selling, Lookonchain reported that the whale purchased $782,000 worth of ETH, signaling a shift in preference toward Ethereum, which continues to trade well below its peak price. 

Market demand remains steady Although some whales are cashing out, the broader market remains optimistic. As a result, investors have continued to accumulate HYPE. 

Looking at the Exchange Activity, buyers still dominate the market. Over the past week, for example, Spot Netflow has remained negative, dropping 155% to -$32.8 million. 

Source: CoinGlass With Netflow holding negative for a sustained period, it suggests that investors are mostly bullish and continue to accumulate. Often, higher buying pressure strengthens the market, leading to more gains on the price charts. 

It’s important to note that retail traders largely drive the accumulation. A look at Spot Retail Activity shows that retailers have remained increasingly active.

Source: CryptoQuant Over the past week, the Spot Market saw ‘Too Many Retail’ orders for five days and only recorded ‘Few Retail’ orders on the last two days.

What’s next for HYPE? Retail investors continue to drive hyperliquid momentum, which is slightly bullish overall.

Source: TradingView With the ADX rising alongside the +DI, upside momentum currently holds the advantage. This suggests the indicator points toward continued upward movement. If momentum persists, Hyperliquid could retest the $70 level.

However, if reduced retail participation signals weaker activity, the $70 resistance may remain difficult to break, potentially leading the altcoin to drop back toward $60. 

Final Summary A whale deposited 77,402 HYPE, worth $5.18 million, into OKX and Bybit.  Hyperliquid market structure remains bullish, with retailer traders holding the market, seeking a move above $70. 

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Bitcoin broke below $58,000 on June 25, a level it hadn’t visited in months, and the drop wasn’t a gentle slide. It was a trapdoor.

Within roughly 60 minutes of breaching that threshold, approximately $450 million in leveraged long positions were forcibly closed. The broader market followed. Total crypto liquidations across the 24-hour period reached $1.26 billion, according to CoinGlass data, hitting more than 209,000 traders in the process.

The intraday decline reached as much as 5%. To put that in leverage terms: a trader running 20x exposure on a long position would have been entirely wiped out on a move half that size.

What actually caused this The trigger wasn’t a hack, a regulatory headline, or a whale dumping coins. It was a jobs report.

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US economic data released ahead of the drop showed stronger-than-expected employment figures alongside inflation readings that came in above forecasts. That combination does one specific thing to crypto markets: it kills rate cut expectations.

CoinGlass heatmaps flagged the vulnerability in advance. The data showed approximately $1.6 billion in long positions clustered just below the $58,000 level, meaning a sustained breach would mechanically force additional liquidations through a cascading effect. Once the price crosses a liquidation threshold, the forced selling pushes price lower, which crosses the next threshold, which triggers more selling.

June 2026 had already seen this playbook run before. Earlier in the month, similar macro pressures produced liquidation events exceeding $1 billion within single 24-hour windows, with some stretching between $1.5 billion and $1.8 billion. The June 25 event fits a pattern, not an anomaly.

The short squeeze sitting on the other side Here’s the uncomfortable wrinkle for anyone positioned short: derivatives data at the time of the drop pointed toward heavily crowded short positioning across the market.

When short positioning becomes this concentrated, it creates the conditions for a short squeeze, a scenario where any upward price movement forces short sellers to buy back their positions quickly, accelerating the recovery and punishing the very traders who were most confidently bearish.

What this means for the market going forward The broader concern here isn’t a single day’s price action. It’s the sensitivity the market is demonstrating to macroeconomic data. Bitcoin’s price moving 5% on a US jobs report is a reminder that the asset hasn’t fully decoupled from traditional risk sentiment.

For traders still holding leveraged positions, the June 25 event is a case study in how quickly liquidity can evaporate. The $450 million liquidated in one hour isn’t abstract. Those are real positions, real margin calls, and real accounts zeroed out in the time it takes to make a cup of coffee.

The $1.6 billion in vulnerable long positions flagged by CoinGlass before the breach also raises a question about what happens if price action remains suppressed. If Bitcoin continues to trade near or below $58,000, positions that survived the initial drop remain at risk if prices drift lower, and each subsequent leg down carries the same mechanical liquidation dynamic.

Multiple billion-dollar liquidation events in a single month indicate elevated systemic leverage, and elevated leverage in a volatile rate environment is a combination that historically resolves messily.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Bitcoin plunged to an intraday low of $58,131 on June 25, its weakest level since September 2024. The 21-month low came as traders confronted a brutal convergence of macro headwinds, institutional selling pressure, and mounting anxiety about the crypto market’s single largest corporate holder.

The damage was swift. Over $1 billion in liquidations hit the market in just 24 hours, with long positions bearing the brunt. Bitcoin managed to claw back to around $59,460, but the Crypto Fear & Greed Index had already flipped to “extreme fear.”

What’s driving the selloff The Personal Consumption Expenditures price index, the Federal Reserve’s preferred inflation gauge, hit three-year highs, signaling that interest rates aren’t coming down anytime soon.

Bitcoin spot ETFs, which had been a reliable demand engine, experienced significant outflows through May and into early June 2026. The institutional bid that helped push Bitcoin to its all-time highs has, at least temporarily, dried up.

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AI-related equities have been vacuuming up capital during Q2 2026, diverting money from the same pool of risk-tolerant investors who might otherwise hold Bitcoin.

The Strategy question Strategy, formerly MicroStrategy and the largest corporate Bitcoin holder on the planet, holds over 845,000 BTC — more than 4% of all Bitcoin that will ever exist. The company reportedly engaged in its first Bitcoin sale since 2022, a development that carries outsized psychological weight even if the actual volume sold was modest relative to its total stack.

Strategy has historically used debt and equity issuance to fund its Bitcoin purchases. In a rising rate environment, the cost of that leverage goes up, and if the company faces pressure from bondholders or needs to shore up its balance sheet, selling Bitcoin becomes the obvious lever to pull.

Options expiry adds volatility risk Approximately $10 billion in Bitcoin options were set to expire on Deribit on June 26. Large options expirations often create whipsaw price action as market makers hedge and unwind positions.

With Bitcoin already at fragile technical levels and sentiment deeply negative, the options expiry introduced a window of amplified volatility. The liquidation cascade of over $1 billion underscored just how leveraged the market had become, with falling prices triggering margin calls, forcing more selling, pushing prices lower in a feedback loop.

What this means for investors The ETF outflow trend is worth watching closely. Bitcoin spot ETFs were arguably the most important structural demand driver of the 2024-2025 rally. If those flows don’t reverse, Bitcoin loses a critical pillar of support.

The Strategy overhang is perhaps the most idiosyncratic risk in crypto today. With over 845,000 BTC on its books, any further sales, or even hints of sales, could trigger cascading sell pressure. Investors who have exposure to Bitcoin should be monitoring Strategy’s SEC filings and public statements as closely as they monitor on-chain data.

The extreme fear reading on the sentiment index has historically preceded both capitulation bottoms and extended drawdowns — it’s a contrarian signal, not a timing signal.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

https://www.investopedia.com/articles/personal-finance/020215/visa-vs-mastercard-there-difference.asp

AptosLabs has announced the launch of Open USD, a new stablecoin initiative in partnership with major financial and technology entities including Mastercard, Visa, Stripe, and BlackRock. This new stablecoin, developed by a consortium called Open Standard, is designed to facilitate global payments and settlements. The consortium aims to overcome cost and access barriers in cross-border transactions by employing a governance model that shares reserve earnings among partners rather than relying on a single issuer. Stripe has already committed to adopting Open USD as its default stablecoin for business transactions, indicating strong early support for the initiative.

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Key Takeaways The launch of Open USD by high-profile financial institutions suggests increased institutional engagement in the cryptocurrency sector. Market participants appear to view this development as supportive of increased commitments to the Laso Finance public sale, as indicated by rising YES pricing. The introduction of Open USD could indicate a positive impact on Bitcoin’s price, with market pricing suggesting a potential increase before June 21. What to Watch Observers will be keenly watching for further commitments from institutional backers to the Laso Finance public sale, with markets currently showing strong YES pricing for higher thresholds. Additionally, the impact of Open USD on Bitcoin markets will be closely monitored, especially regarding its influence on Bitcoin price dynamics leading up to June 21. Continued announcements from the consortium partners and any regulatory updates could further sway market perceptions and pricing.

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Term Structure

Contract Odds Δ since publish Volume 24h End of sale window 37.9% — — View market → End of sale window 11.6% — — View market → End of sale window 1.8% — — View market → End of sale window 78.4% — — View market → End of sale window 39.5% — — View market → August 1 2026 92.5% — — View market → August 1 2026 47% — — View market → August 1 2026 99.1% — — View market →

Bitcoin fell to a fresh 21-month low as the prospect of higher interest rates and concerns about the largest corporate buyer of the token weakened sentiment.

Bitcoin dropped as much as 1.5% to $57,742 in Asia trading on Wednesday, its lowest level since Sept. 17, 2024, before steadying by 10 a.m. in Singapore.

Hawkish comments by US Federal Reserve policymakers are fueling expectations for higher rates, encouraging capital away from assets like cryptocurrencies that don’t pay a yield. Investors pulled more than $4 billion from US-listed Bitcoin exchange-traded funds in June, the most since they launched two years ago.

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Bitcoin “has faced growing headwinds from shifting Fed rate expectations and a stronger US dollar,” said Tony Sycamore, an analyst at IG Australia. A US nonfarm payrolls report due later this week “has the potential to add further pressure if it reinforces a hawkish tilt from the Fed,” he said.

In addition, investors have reversed an initial vote of confidence in Michael Saylor’s financing overhaul at Strategy Inc., raising fresh concerns that one of the biggest buyers of Bitcoin may no longer be a consistent source of demand.

While investors initially welcomed the prospect of stock buybacks and a larger cash reserve, the focus quickly shifted to Strategy’s newfound flexibility to sell Bitcoin and prioritize balance-sheet management over relentless accumulation.

Bitcoin has now fallen more than 50% from its record high above $126,000 in October last year and is below its 200-week moving average, a technical level that can signal a prolonged bear market.

BloombergAt his first press conference as Fed chairman last month, Kevin Warsh made clear the central bank won’t tolerate high inflation, spurring expectations for higher rates and boosting the US dollar.

Other Fed officials have also recently indicated the possibility of tighter policy. Federal Reserve Bank of Cleveland President Beth Hammack told CNBC Tuesday that the central bank may need to raise rates to bring inflation down to its 2% goal.

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.

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The XRP Ledger added 4,941 new wallets in a single day on June 30, its strongest network growth spike in over three months, even as $XRP struggles to hold the psychologically important $1 mark.

According to on-chain analytics firm @SantimentData, the inflection point came on June 25, when XRP fell to 19-month lows near $1.01. Rather than triggering a sell-off, the drop appears to have drawn in fresh buyers. The XRP Ledger added 4,941 new wallets in a single day, its strongest network growth spike in over three months, and that surge is happening at the exact moment price sits closest to breaking below the psychologically important $1 level.

Each wallet on the XRP Ledger requires a small reserve deposit to activate, meaning each new account represents a deliberate decision to commit funds rather than a costless sign-up. That makes the 4,941 figure harder to dismiss as noise.

Sentiment Flips Bullish at the Worst Moment on the Chart Bullish sentiment outpaces bearish sentiment at a ratio of 3.7 to 1, the highest FOMO level around the token in three months. That shift is striking given the price action offers little obvious reason for optimism.

Santiment pointed to XRP's history of sharp rebounds, ongoing ETF momentum, and continued accumulation from larger holders as the drivers behind the optimism, even as price action stays ugly. Santiment data shows accumulation across all three large cohorts in June despite a 21% price dip, with the 10 million to 100 million XRP tier leading with 160 million XRP added, the strongest bullish signal of the group.

US spot XRP ETFs attracted $22.99 million in net inflows last week, extending their inflow streak to eight consecutive weeks. XRP ETFs have not recorded a single day of net outflows since June 3, although several sessions have ended with flat flows.

Context: A Token Under Pressure XRP entered 2026 in a corrective phase, trending near $1.80, and plunged to the $1.30 range at the start of March as the broader crypto winter triggered. The slide has continued since, with the token now defending a level not seen in over a year and a half.

Santiment said the open question is whether this wallet surge converts into sustained buying pressure or fades as short-term FOMO, and that with XRP sitting so close to $1.00, the coming sessions should reveal which way the on-chain demand breaks.

Sources
XRP Network Growth Surges With Buyers Defending the Key $1 Zone - Crypto Economy
XRP Demand Builds On-Chain Even as Price Sinks to 19-Month Low - Yahoo Finance
XRP Flirts With Falling Below $1 Despite Record Network Growth - Benzinga

Sandwich Attacks On The XRP Ledger? There's An Easy Fix, Ripple Exec Says

On Friday, June 26, Ripple [XRP] prices fell to $1.009, the closest brush of the psychological $1 level since November 2024. Despite the market weakness, XRP spot ETF inflows remained positive.

AMBCrypto reported that this spot ETF demand was tightening the available XRP supply, though it might not result in immediate positive gains in these stressed market conditions.

The lack of broader market XRP demand and reduced speculative interest in recent months pointed to a gloomy outlook.

Can the XRP bulls defend $1 from subsequent sell-offs? Source: XRP/USDT on TradingView The 1-day XRP chart highlighted an altcoin trading within a long-term downtrend. The persistent downtrend stretches back to July 2025. In February earlier this year, the swing low at $1.61 from April 2025 was breached, confirming a bearish trend.

For a few months, a range formation [purple] was in place, but the sell-off towards the end of May was too hot for the bulls to handle. At the time of writing, after a brief bounce toward $1.3, XRP was chopping about the $1.05 local lows.

The XRP price expectations for July Source: CryptoQuant The Open Interest has stabilized around 400 million XRP in recent months. The Open Interest Turnover Ratio was also holding stable near 0.71. The lack of wild spikes in either metric meant that the speculative market was calmer and more stable.

The derivatives traders were not too eager to place directional bets, and short-term speculation has slowed down. Analyst Arab Chain wrote that traders can use a spike in OI and the turnover ratio as an early warning of increased volatility.

Source: XRP/USDT on TradingView The 4-hour chart showed XRP was trading within a downtrend. The bounce to $1.2935 in mid-June was only a pullback toward the 78.6% Fibonacci retracement level at $1.2985.

This bounce was quickly sold off, and XRP was about to extend its bearish leg toward the southward extension targets at $0.975 and $0.854.

Therefore, as July progresses, a Ripple token price drop below $1 appeared highly likely.

Final Summary The speculative activity has dried up and the derivatives market was calmer, but traders need to be wary of changing conditions and heightened volatility. Based on the evidence at hand, the bearish XRP momentum and structure would likely see prices fall toward $0.85 in July.

XRP attracted its strongest wave of user participation in more than three months despite trading near a critical psychological support. According to Santiment, the network added 4,941 new wallets in a single day, marking its highest daily network growth during the past three months. 

Retail traders also displayed stronger conviction, with the positive-to-negative social sentiment ratio climbing to 3.7:1, its highest level in four months. Those figures suggested that market participants viewed the $1.00–$1.05 range as an attractive accumulation zone despite recent price weakness. 

However, the surge in wallet creation reflected growing interest rather than confirmed buying activity. Optimism remained supported by expectations surrounding institutional participation and ETF-related narratives. However, the price still required sustained demand to validate the renewed confidence.

Can XRP reclaim strength from $1.03? XRP continued defending the $1.03 support after briefly dropping to nearly $1.01, its lowest level in 19 months. 

Buyers repeatedly responded around that area, preventing a decisive breakdown below the psychological $1.00 threshold. Even so, the broader structure remained bearish because XRP traded well below the $1.2386 resistance while failing to establish a sequence of higher highs. 

At press time, the Relative Strength Index (RSI) stood at 32.76, remaining below the neutral 50 level despite recovering from deeply oversold conditions earlier in June. The reading indicated that selling pressure had eased slightly but still dominated the broader trend. 

Unless buyers reclaim higher resistance levels, XRP would likely remain vulnerable to additional downside pressure despite the improving participation metrics.

Source: TradingView Long liquidations revealed where pressure intensified Derivatives activity showed that bullish traders absorbed the largest losses during the latest trading session. Total long liquidations reached approximately $1.28 million, while short liquidations totaled about $130,770, highlighting the imbalance between both sides of the market. 

Binance accounted for the largest share of liquidated long positions with roughly $568,370, followed by Hyperliquid at $454,120 and Bybit at $122,810. Those figures indicated that leveraged bulls lost positions as XRP struggled to recover above nearby resistance. 

However, the relatively smaller short liquidations suggested bearish traders faced limited pressure despite the temporary rebound from support. The liquidation imbalance reflected cautious market positioning. Besides, it also confirmed that buyers had not yet regained firm control of the prevailing trend.

Source: CoinGlass Funding rates reflected growing bearish conviction The OI-Weighted Funding Rate remained negative and stood near -0.0027% as of writing, indicating that short traders gradually regained control across perpetual futures markets. 

Negative funding  generally reflected stronger demand for short exposure because traders paid premiums to maintain bearish positions. The shift aligned with XRP’s inability to reclaim resistance despite improving network activity and rising social optimism. 

Even though fresh wallet creation accelerated and retail sentiment strengthened considerably, derivatives traders continued favoring downside exposure. This divergence suggested that speculative traders remained unconvinced by the recent improvement in on-chain participation. 

Unless Funding Rates return to positive territory alongside stronger price action, bearish positioning would likely continue limiting XRP’s recovery attempts.

Source: CoinGlass To conclude, XRP displayed encouraging growth in user activity and social sentiment, yet derivatives data painted a more cautious picture. Buyers successfully defended the $1.03 support, but negative funding, weak RSI, and dominant long liquidations showed that confidence remained fragile. 

XRP would likely require stronger spot demand and a recovery above nearby resistance before the improving network activity translates into a sustained trend reversal.

Final Summary XRP attracted fresh users while bearish derivatives positioning continued, limiting price recovery efforts. Buyers defended $1.03 support despite rising long liquidations and negative funding rates.

A financial disclosure filing released by the US government has revealed Donald Trump’s cryptocurrency-related assets.

According to information in the file, Trump’s crypto assets, including Bitcoin and Ethereum, are worth over $100 million.

The notification stated that Trump’s virtual Bitcoin key, held in a cold wallet, is worth over $50 million. Additionally, the value of his Ethereum key, also held in a cold wallet, was listed as ranging from $5 million to $25 million.

USDC assets also drew attention in the file. It was noted that the value of the virtual USDC key that Trump kept in a cold wallet was between $5 million and $25 million, and that $45,932 in interest income was earned from this asset.

According to the notification, Trump also has Ethereum assets staked under a Coinbase staking agreement. It was stated that he received a validator reward of $510,808 from this item.

The financial statement also included a licensing agreement with Celebration Coins. It was reported that $635,068,835 in royalties were generated from this agreement, the value of which is not easily determined.

*This is not investment advice.

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Table of contents

Corporate treasuries are quietly reshaping the supply dynamics of Ethereum. While the market fixates on Bitcoin as digital gold, a Nasdaq-listed company has now pushed its ETH stack to nearly 887,000 tokens. According to the original report, SharpLink (Nasdaq: SBET) acquired an additional 10,000 ETH at an average price of approximately $1,611, lifting its total holdings to 886,725 ETH as of June 28, 2026. The company simultaneously repurchased 2.13 million of its own shares at $4.69 on average and raised $75 million through a registered direct offering. The capital allocation strategy is stark: increase ETH exposure per share, not dilute it.

SharpLink’s identity as the second-largest Ethereum treasury company didn’t come out of nowhere. The firm has been methodically stacking ETH, treating the asset less like a speculative bet and more like a permanent balance sheet entry. The latest round of accumulation arrives alongside a clear signal from management about prioritizing per-share metrics. By buying back stock, SharpLink reduces its float, which magnifies each ETH held per outstanding share. For investors who view the company as a liquid proxy for Ethereum, the math becomes straightforward.

This is not a fringe move in a vacuum. Earlier this year, institutional capital entered blockchain infrastructure at record scale, with firms like Bullish acquiring major financial intermediaries and tokenized real-world assets crossing $20 billion on-chain. SharpLink’s actions fit into a broader pattern where public companies are no longer merely dabbling in crypto but are structuring their treasuries around it. While MicroStrategy defined the Bitcoin treasury playbook, Ethereum-focused strategies have been slower to develop. SharpLink is now the most prominent counterweight.

Capital Allocation With a Clear Mandate The $75 million raise through a registered direct offering is the engine behind the latest buy. Unlike secondary market purchases made quietly on the sidelines, this was a duly disclosed capital injection directed at one outcome. SharpLink’s management has not framed ETH as a short-term trade. The share buyback component suggests the company is trying to engineer a tighter correlation between its stock price and its Ethereum holdings. In practical terms, a lower share count with a rising ETH balance creates a higher ETH-per-share ratio, which appeals to institutional investors who cannot or will not custody ETH directly.

Yet, the execution carries market risk. If Ethereum’s price declines, the per-share math cuts both ways. For now, the average entry point around $1,611 sits comfortably below current spot levels in late June 2026, but the treasury’s size—worth roughly $1.5 billion at the time—makes SharpLink one of the most Ethereum-exposed public entities. Its balance sheet now holds more ETH than many DeFi protocol treasuries. The difference is that SharpLink is a regulated Nasdaq entity with quarterly reporting obligations, giving on-chain observers a cleaner window into corporate Ethereum accumulation than most DAOs provide.

What It Signals for Ethereum Markets Large, persistent buyers absorb liquid supply. SharpLink’s total holdings of 886,725 ETH represent over 0.7% of the circulating supply. When a single corporate entity accumulates at this scale, it introduces a structural demand floor that wasn’t present during previous cycles. Ethereum continues to lead developer activity across the blockchain sector, which underpins long-term value beyond the treasury narrative. The real question market participants are asking is whether other publicly traded companies will follow SharpLink’s lead. So far, ETH has lagged behind Bitcoin in corporate treasury adoption, partly because traditional CFOs still grapple with Ethereum’s more complex risk profile—smart contract exposure, protocol-level changes, and a different regulatory classification conversation.

Institutional staking and infrastructure plays are already carving a path. For instance, institutional staking from Nasdaq-listed firms has emerged as a tangible driver of demand in proof-of-stake ecosystems. SharpLink’s case could serve as a blueprint for companies looking to integrate ETH not just as an asset but as a yield-generating instrument, though the company has not publicly disclosed any staking activity tied to its treasury. If it eventually does, the model would shift from a simple holding company to a more active treasury management operation—something that would likely draw additional analyst coverage and regulatory scrutiny.

What remains uncertain is the regulatory boundary around such concentrated corporate ETH positions. Public companies reporting under U.S. securities laws must classify digital assets carefully. Any change in SEC guidance around crypto asset classification could force a revaluation or even a divestment. SharpLink’s bet, then, is not only on Ethereum’s price appreciation but also on a stable regulatory framework that doesn’t penalize corporate treasurers for holding the asset. In the current political cycle, that remains an open question. Still, the message from the company’s latest filing is unmistakable: they are not hedging, they are concentrating, and they are inviting shareholders to do the same through a shrinking float.

AUTHOR

Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.

Key takeaways:

The Spot Ether ETF outflows overwhelmed BitMine’s ETH accumulation, raising the chance of a drop below the $1,500 support.Falling DApps revenue and weak staking yields highlight limited ecosystem incentives despite tokenization potential.Ether (ETH) has failed to sustain prices above $1,600 since Thursday, following the broader cryptocurrency market's downtrend. Lower oil prices created a positive tone that fueled investors’ hopes for more expansionist monetary policy. That setup favors stocks and pushes bond yields higher.

Traders now fear that ETH will not hold the $1,500 support level for long. Spot Ether ETF outflows void the impact of accumulation from Ether treasury companies.

ETH/USD (orange) vs. Total crypto market cap (blue). Source: TradingView

Ether price has declined 31% since May and underperformed the total cryptocurrency market capitalization by 8% over that period. US-listed Ether ETFs saw $345 million in net outflows since June 17, which more than offset the $182 million in ETH accumulation from BitMine Immersion (BMNR US) and Sharplink (SBET US) during the same period.

Regulatory setbacks, AI competition and weak Ethereum onchain metricsSeveral factors appear to have held back investor appetite, including regulatory uncertainty in the United States. Meanwhile, the stock market continues to draw attention thanks to strong earnings and lower inflation expectations.

The Digital Asset Market CLARITY Act has awaited a Senate vote since May 15. The bill ends regulation-by-enforcement and clarifies which tokens count as securities. Yet it has faced pushback from lawmakers over provisions regarding stablecoin yields and anti-money-laundering standards.

Democratic lawmakers voiced ethical concerns about the Trump family’s ties to crypto and its role in the World Liberty Financial platform. Most view the CLARITY Act as a positive catalyst for the decentralized finance (DeFi) sector. So ongoing uncertainty around approval hurts institutional demand for ETH.

The artificial intelligence sector now competes with blockchain for data processing as cloud providers deliver services through agentic architectures. Enterprise software leader SAP (SAP DE) has integrated autonomous, modular AI agents natively across multi-vendor clouds, enabling peer-to-peer collaboration.

Ether investors also feel disappointment from stagnant Ethereum network fees and decentralized applications (DApps) revenues. As a result, ETH supply becomes inflationary, staking yields remain limited, and fewer incentives exist for ecosystem growth, since part of DApps' revenue flows back to users.

Ethereum monthly network chain fees vs. DApps revenue, USD. Source: DefiLlama

Ethereum network fees reached only $10.7 million in June, down from $24.4 million in April. DApps revenue hit $51.7 million in June, down from $64.8 million two months earlier. Top contributors included Sky (formerly Maker) at $12.7 million, Titan Builder at $7.2 million, and Chainlink at $4.6 million.

Ethereum supporters argue that tokenization remains in its early innings. The long-term growth potential should create enough blockchain demand to support a much higher ETH valuation.

Ethereum real world assets (RWA) active market capitalization, USD. Source: DefiLlama

While real world assets (RWA) show real promise, the $14.5 billion in tokenized market cap on Ethereum has yet to spark meaningful DeFi activity. With a 2.7% staking yield and weak onchain metrics, the odds of ETH breaking below $1,500 remain in play.

This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Ethereum price today: $1,570Sharplink acquired 10,000 ETH and repurchased 2.13 million shares of its common stock last week.Ethereum has recorded a third consecutive quarterly loss after declining by about 25% in Q2.ETH has continued to falter ahead of a key descending trendline and $1,611 resistance.Ethereum (ETH) treasury firm Sharplink (SBET) resumed accumulation of the second-largest cryptocurrency by market capitalization last week after months on the sidelines.

The Florida-based firm acquired 10,000 ETH last week at an average price of $1,611 per ETH, marking its first purchase since October. The move has pushed its holdings to 886,725 ETH worth roughly $1.4 billion at the time of writing.

The purchase follows the company's latest direct offering, where it raised $75 million.

"The successful completion of our $75 million registered direct offering last week has strengthened our balance sheet and provided the capital to support our active ETH treasury management strategy," said Sharplink CEO Joseph Chalom in a Tuesday statement. "Our capital allocation philosophy is disciplined and straightforward: every financing decision we make is based on our long-term objective to increase ETH per share."

Sharplink also repurchased over 2.13 million shares of its common stock last week at an average price of $4.69 per share, which it terms as "significantly undervalued." The company stated that it has now repurchased over 4 million shares since beginning its stock buyback program last August.

The company's stock closed at $4.80 on Tuesday, down 2.44%, marking an 88% drop from its 52-week high of $40.46.

The decline reflects that of its underlying assets, as ETH has marked its third consecutive quarter of losses, with a 25.4% decline in Q2, according to Coinglass data. In the past two quarters, it saw losses of 29.2% and 28.2% in Q1'26 and Q4'25, respectively.

Last week, Sharplink, together with its Chairman Joe Lubin and BitMine, also funded the launch of Ethereum research and development non-profit Ethlabs.

Sharplink kick-started the Ethereum treasury strategy last year when it transitioned its treasury to focus on accumulating ETH in May 2025, around prices slightly below current price levels.

Ethereum Price Forecast: ETH falters before the convergence of the $1,611 and descending trendline resistanceEthereum recorded $58.5 million in liquidations over the past 24 hours, led by $41.3 million in long liquidations, according to Coinglass data.

On the daily chart, ETH is extending its bearish bias as price remains well below the 20-, 50- and 100-day Exponential Moving Averages (EMAs) at $1,669, $1,824 and $2,002, respectively. The top altcoin also remains below the downward-sloping trendline break at $1,617, reinforcing the view that recent rebounds are capped by overhead supply.

The Relative Strength Index (RSI) at 34 remains just above oversold territory, while the Stochastic Oscillator (Stoch) near 21 suggests downside momentum persists but may be losing intensity.

On the topside, initial resistance is seen at the $1,611 horizontal level and the descending trendline around $1,617. The hurdle is followed by the 20-day EMA at $1,669 and a nearby horizontal barrier at $1,741. Above that, a thicker supply zone emerges between $1,806 and the 50-day EMA at $1,824, ahead of further hurdles at $1,909 and the 100-day EMA near $2,002.

ETH/USDT daily chartOn the downside, immediate support comes in at the horizontal floor at $1,524, ahead of a secondary cushion at $1,404, while a deeper sell-off would expose the more critical base near $1,155.

(The technical analysis of this story was written with the help of an AI tool.)