Coinbase launched Coinbase for Agents on June 11, a platform that lets AI systems like ChatGPT and Claude connect directly to user accounts to execute trades, manage portfolios, and make transactions using stablecoins. Users tell the AI what to do in plain English, set spending and risk limits, and the agent handles the rest. Coinbase’s stock rose over 3% on the news.
How it actually works Users can grant AI agents access to their Coinbase accounts with specific constraints: how much the agent can spend, what level of risk it can take, and which types of trades it can execute.
The platform supports both spot and derivatives trading, real-time market data access, and portfolio management. It’s accessible through both web interfaces and terminal-based setups.
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Transactions on the platform run on USDC, Coinbase’s preferred stablecoin, using something called the x402 protocol. This protocol is designed to enable machine-to-machine payments, essentially letting AI agents pay for services, data, or assets without a human intermediary approving each step.
Compliance follows the same framework as standard Coinbase accounts. The agents operate within user-defined guardrails, and Coinbase’s existing regulatory controls still apply.
The bigger picture: agentic finance Coinbase has been building toward this moment through a series of AI-focused products. First came AgentKit, which embedded crypto wallets directly into AI agents. Then came Agentic Wallets, purpose-built for autonomous trading and spending. Coinbase for Agents connects those autonomous capabilities to the full suite of Coinbase’s exchange infrastructure.
Alongside the agents platform, Coinbase also rolled out Coinbase Advisor, an in-app AI that provides personalized recommendations to users.
Coinbase is calling this broader trend “agentic finance.” Analysts have projected that autonomous agents could drive as much as 20% of all e-commerce by 2030.
What this means for investors Coinbase has hinted at future expansions beyond crypto, with potential support for equities and commodities trading through the agents platform.
By routing agent transactions through USDC, Coinbase is creating a new demand driver for its stablecoin. Every AI agent that needs to make a payment or execute a trade on the platform needs USDC to do it.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
BNY, the world's largest custodian bank with $59.4 trillion in assets under custody, has made USDC the first stablecoin on its Digital Asset Custody platform, enabling institutional clients to store, transfer, mint, and redeem Circle's dollar-pegged token alongside traditional assets.
BNY, the world's largest custodian bank, has made USDC the first stablecoin supported on its Digital Asset Custody platform, giving institutional clients a single environment to store, transfer, mint, and redeem Circle's dollar-pegged token alongside traditional assets.
The integration, announced Monday by Circle on its official X account, extends a relationship between the two firms that began in 2022, when Circle selected BNY as the primary custodian of USDC reserves. BNY oversees $59.4 trillion in assets under custody and administration, per its first-quarter 2026 earnings. USDC holds $73.71 billion in circulation, the second-largest stablecoin by market cap, per DefiLlama.
Custody-to-Mint in One PlaceUnder the expanded arrangement, BNY's institutional clients can hold USDC in digital asset custody wallets maintained by the bank, then instruct BNY to have Circle convert U.S. dollars into USDC (mint) or redeem USDC back into dollars (burn). That brings fiat cash management and blockchain-based settlement into one operational framework, removing the handoff between a traditional custodian and a separate stablecoin infrastructure provider.
BNY said it plans to extend the capability to additional stablecoin issuers and broader digital cash workflows over time.
GENIUS Act Opens the DoorThe GENIUS Act, the Guiding and Establishing National Innovation for U.S. Stablecoins Act signed by President Trump in July 2025, gave federally chartered depository institutions explicit authority to provide custody services for payment stablecoins. The law requires permitted stablecoin issuers to maintain 1:1 reserves in liquid assets including U.S. dollars and short-term Treasuries, and it allows OCC-regulated institutions to provide stablecoin custody within the existing supervisory framework without holding additional regulatory capital against the assets.
BNY's January 2026 tokenized-deposit launch was the first visible step in executing that strategy. The USDC custody expansion is the next: the January announcement put tokenized bank deposits on a private blockchain for collateral and margin workflows; Monday's move brings an external stablecoin issuer onto the same platform, opening USDC to BNY's institutional client base.
The bank said the Digital Assets platform is governed by established risk, compliance, and control frameworks and that client balances continue to be recorded on traditional systems to maintain regulatory and reporting integrity.
BNY's Digital Asset ArcBNY's move into digital assets has followed a deliberate sequence. In November 2025, the bank launched the BNY Dreyfus Stablecoin Reserves Fund, a money-market vehicle designed to hold reserves for stablecoin issuers including Circle. In January 2026, it extended digital cash capabilities to institutional clients via tokenized deposits on a permissioned blockchain, with participants including Citadel Securities, Anchorage Digital, and ICE. Monday's USDC announcement follows as the third step: custody, plus the ability to mint and burn USDC directly from a BNY account.
Dante Disparte, Circle's chief strategy officer, said at the January 2026 tokenized-deposit launch that the BNY relationship has been "anchored by a shared vision" of demonstrating that "speed and new use cases do not come at the expense of safety and soundness expectations of the world's leading financial institutions," per BNY's announcement.
The expansion comes as Invesco filed for a GENIUS Act-compliant tokenized stablecoin-reserve money-market fund on June 25, and as Baillie Gifford launched a tokenized bond fund on Solana and Ethereum with BNY custody on June 23. BNY appears as the custodial layer across each of those institutional digital-asset moves.
The Bank of New York Mellon (BNY) has expanded its partnership with Circle Internet Group (CRCL) to deliver full-lifecycle stablecoin capabilities to institutional clients. Circle's USDC, the second-largest stablecoin by market capitalization, will become the first supported asset on BNY’s Digital Asset Custody platform.
Through their partnership, the firms will enable users to custody, transfer, mint and burn USDC directly through BNY, according to the announcement on Monday. Institutional clients can now hold USDC in their BNY digital custody wallets and instruct the bank to convert U.S. dollars into newly minted USDC or redeem, or "burn," USDC back into dollars.
The new service builds on BNY’s role as primary custodian for USDC reserves and creates a seamless bridge between traditional fiat and digital assets.
"BNY has always been where institutional finance moves first, and making USDC the first stablecoin included in their new offering reflects the regulatory rigor Circle has built into USDC from day one," Circle Chief Commercial Officer Kash Razzaghi said. "This is the next chapter in a longstanding relationship that now gives BNY clients connectivity between on-chain and traditional assets, within the infrastructure they already trust."
BNY, the world's largest custodian bank, said it plans to add support for additional stablecoin issuers over time. It initially supports USDC issued on Ethereum and Solana.
This is not BNY’s first step into crypto. Earlier this year, the bank opened a tokenized deposit service for six clients, including ICE and Citadel Securities.
It was also one of the first major Wall Street institutions to offer regulated digital asset custody in the U.S. and other regions and provides support for the majority of spot BTC and ETH ETFs.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
BNY has added USDC minting, redemption, custody and transfer services to its Digital Asset Custody platform, giving institutional clients direct access to Circle’s stablecoin through the bank.
Summary
BNY has enabled institutional clients to mint, redeem, store and transfer USDC directly through its Digital Asset Custody platform. The bank has expanded its role with Circle beyond safeguarding USDC reserves by adding client-facing stablecoin services. BNY joins Invesco, JPMorgan and State Street as major financial institutions rolling out products tied to stablecoin reserves and infrastructure. According to BNY, the update allows clients to turn U.S. dollars into USDC and redeem the stablecoin back into dollars from within its platform. The bank said clients can also hold and transfer USDC through its digital asset custody service, making Circle’s token the first stablecoin supported by the platform.
The service deepens BNY’s existing relationship with Circle. BNY already serves as the primary custodian for the assets backing USDC, and the latest expansion moves the bank beyond reserve custody into direct stablecoin services for institutional clients.
BNY said it plans to add support for more stablecoins and digital cash workflows over time. The bank did not name the next assets it may support or give a timeline for the expansion.
BNY is taking USDC deeper into institutional custody BNY said it oversees $59.3 trillion in assets under custody and administration and serves more than 90% of Fortune 100 companies. Its USDC support gives large institutions a bank-based route to access stablecoin issuance and redemption without moving outside a regulated custody environment.
USDC is the second-largest stablecoin by market value, with more than $73.8 billion in circulation, according to DefiLlama data. Tether’s USDT remains the largest stablecoin, while DefiLlama data places the total stablecoin market at about $313 billion.
The announcement also follows BNY’s recent work in other areas of digital asset custody. In May, the bank partnered with Abu Dhabi-based Finstreet and the ADI Foundation to develop institutional custody services for Bitcoin and Ether, with plans to later include stablecoins and tokenized real-world assets.
By adding USDC minting and redemption to its platform, BNY is placing stablecoin activity closer to the custody and settlement systems already used by institutional clients. Circle’s role remains tied to USDC issuance, while BNY’s expanded service gives clients custody and movement tools around the token.
Banks are building products for stablecoin reserves BNY’s move comes as large financial firms develop products tied to stablecoins, reserve assets and tokenized cash management.
Last week, Invesco filed with the U.S. Securities and Exchange Commission to launch a tokenized money market fund for stablecoin reserve management. According to the filing, the fund would invest in cash and short-term U.S. Treasury securities.
In May, JPMorgan filed to launch a tokenized money market fund designed for stablecoin issuers. The Ethereum-based fund would invest in U.S. Treasury bills and overnight repurchase agreements used to back payment stablecoins.
State Street also launched a government money market fund for stablecoin issuers earlier this month. The fund invests in U.S. government securities and repurchase agreements, with State Street Bank and Anchorage Digital listed among its first investors.
Other financial firms have also moved into stablecoin-related services. In January, Fidelity Investments launched its U.S. dollar-backed stablecoin FIDD after receiving conditional approval to operate a national trust bank.
Together, the announcements show how major banks and asset managers are building around the reserve, custody and payment layers of stablecoins as institutional demand for digital cash infrastructure grows.
@BNYglobal, one of the world's largest custody banks, has made Circle's @USDC the first stablecoin on its Digital Asset Custody platform, deepening a relationship with @circle that stretches back to 2022. BNY oversees $59.3 trillion in assets, giving the new USDC services immediate institutional scale.
What Institutional Clients Can Now Do Under the expanded arrangement, institutional clients can now hold USDC directly in digital asset custody wallets maintained by BNY. The bank also enables clients to instruct Circle to convert U.S. dollars into USDC (mint) and redeem USDC back into dollars (burn), bringing fiat custody and blockchain-based settlement into one operational framework.
By combining digital asset custody with fiat cash management, the platform is designed to support the full lifecycle of institutional stablecoin transactions while providing a single operating environment for both traditional and blockchain-based assets. For institutional clients, this reduces friction. Previously, accessing USDC often required separate accounts with crypto-native custodians or exchanges. Now, clients can manage their stablecoin holdings within BNY's existing custody framework, which is already used by many of the world's largest asset managers and financial institutions.
A Partnership Built on USDC Reserves The announcement follows a collaboration that began in 2022, when Circle named BNY Mellon as one of its key USDC reserve custodians. The offering makes Circle's flagship stablecoin the platform's first supported stablecoin and extends BNY's existing role as custodian of USDC reserves.
BNY said the integrated platform is designed to support institutional adoption of digital assets by bringing blockchain-based transactions into existing financial workflows, with plans to support additional stablecoins over time. The move reflects growing demand from traditional financial institutions for regulated stablecoin infrastructure.
Sources:
CoinDesk: Wall Street's BNY Expands Stablecoin Ties With Circle
Crypto Briefing: BNY Mellon Integrates USDC as First Stablecoin on Digital Asset Custody Platform
Bitcoin.com News: BNY Gives Institutions Power to Mint and Burn USDC Directly From Custody
Arthur Hayes bought millions of dollars in tokens. Then he told everyone why. The price did exactly what you’d expect.
An address linked to the BitMEX co-founder and Maelstrom CIO acquired roughly 6.16 million $SYN tokens, valued at approximately $2.2 million, through the FlowDesk OTC platform. Shortly after, Hayes publicly endorsed Hypercall, an options decentralized exchange built within the Synapse Protocol ecosystem, calling it a legitimate competitor to Deribit. The token surged as much as 40.9% on the day.
The buy-then-endorse playbook Hayes loaded up on $SYN via an over-the-counter deal, meaning the purchase was executed off public order books to avoid moving the price prematurely. OTC desks like FlowDesk exist specifically for this purpose, letting large buyers accumulate positions without telegraphing their moves to the broader market.
Then came the public endorsement. Hayes positioned Hypercall as a decentralized alternative to Deribit, the dominant centralized options trading platform in crypto. The combination of a whale-sized purchase and a high-profile social media co-sign sent traders scrambling to buy in.
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Reports on the exact price increase vary. Some on-chain analytics sources pegged the rally at around 26%, while others tracked a peak gain of 40.9%. The discrepancy likely comes down to timing, since tokens that spike this quickly on influencer momentum tend to oscillate wildly within the same trading session.
What is Hypercall, and why does it matter Hypercall is an options DEX emerging from the Synapse Protocol ecosystem. It’s built on top of Hyperliquid, the high-performance Layer 1 blockchain that has been steadily attracting derivatives-focused projects. The Synapse ecosystem itself has prior products that have collectively exceeded $55 billion in volume.
Hypercall wants to let traders buy and sell options contracts entirely on-chain, without needing to trust a centralized exchange to hold their funds or execute their trades.
One notable design choice is that Hypercall uses $SYN as its governance token rather than launching a new one. The token already serves as the governance mechanism for Synapse Protocol, the Synapse DAO, and related initiatives. This approach avoids the token fragmentation problem that plagues many DeFi ecosystems, where each new product launches its own token and dilutes attention across multiple assets.
Deribit currently dominates crypto options trading by a wide margin. It processes the vast majority of Bitcoin and Ethereum options volume globally.
What this means for investors Hayes has a well-documented history of making influential calls on derivatives and DeFi projects. His track record at BitMEX established him as one of the most visible figures in crypto derivatives, and his current role at Maelstrom, a crypto investment fund, gives his endorsements additional weight.
The bull case for sustained interest in $SYN rests on Hypercall actually gaining traction as an options venue. The ecosystem’s existing $55 billion volume track record at least suggests the team knows how to build products that traders actually use.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Loopring, an Ethereum [ETH] layer-2 scaling protocol, has announced it will shut down its decentralized exchange, marking the end of one of Ethereum’s earliest layer-2 pioneers.
Declining user engagement over several years was a major factor in Loopring’s decline. However, it seems that this decline in engagement was largely due to the growing popularity of zkEVM technologies, which provide full support of the EVM.
Source: X Unlike Loopring’s (LRC) specialized zkRollup design, zkEVMs allow existing Solidity applications to deploy without extensive redevelopment, accelerating ecosystem growth. That transition steadily reduced daily active addresses, transaction volumes, DEX activity, and protocol fees before the shutdown on the 28th of June.
Therefore, it appears that innovative technology can establish a platform as a leader in terms of scalability. If such a platform does not also offer widespread composability, then ultimately it cannot maintain that position.
Yet, unless Loopring develops its zk-Rollup technology into either Layer-3 or modular solutions, the discontinuation of Loopring represents the beginning of Ethereum’s next step in scalability.
Can Loopring’s technology survive beyond its DEX? Loopring’s shutdown raises questions on how much Ethereum has lost one of its first layer-2 pioneers, with the innovation in layer-2. A decline in all key metrics such as TVL, transaction volume, daily users, and liquidity has made the Loopring independent DEX less relevant.
The Layer-2 protocol directly pointed out that the reason for this downward trend was low adoption, low composability, bad business practices, and 2026 delisting from exchanges using LRC. These trends point toward the possibility that the original protocol will be unable to reverse.
Source: Loopring on X However, the network’s technology tells a different story. Loopring’s current zkrollup architecture continues to provide a known secure and high-throughput design.
As long as these features can be used by other protocols in Layer-3 or modular infrastructure, then Loopring’s contributions to Ethereum history may continue. Alternatively, if they cannot, then this may signal the death of one of Ethereum’s first Layer-2 specific innovations.
Final Summary Loopring’s shutdown reflects years of weak adoption, falling activity, and pressure from zkEVM competitors. Loopring now depends on whether its zkRollup technology can survive through Layer-3 or modular infrastructure.
Uniswap is live on MegaETH, a high-performance Ethereum Layer 2. MegaETH is available today in the Uniswap Web App, Uniswap Wallet, and Uniswap API. Built for speed, MegaETH can handle up to 100,000 transactions per second with 10ms block times. That means lower costs and near-instant swaps, while staying fully EVM-compatible.
How to swap on MegaETH To start swapping on MegaETH:
Open the Uniswap Wallet or Web App Select the network dropdown and choose MegaETH Pick the token you'd like to swap from and the token you want to receive Review the details and tap Swap How to provide liquidity on MegaETH To start LPing on MegaETH:
Go to the Pools page in the Uniswap Web App Select "New" and choose MegaETH from the network dropdown Select the token pair and fee tier you want to provide liquidity for Input your amount and confirm the transaction For builders and partners The Uniswap API supports MegaETH, giving developers and institutions direct access to Uniswap Protocol liquidity on MegaETH. Anyone can generate a free API key and start building today.
With Uniswap API support, agents can use MegaETH's MOSS CLI and Uniswap Skills to execute swaps autonomously with a delegated key. Uniswap Skills are pre-built tools that make it easy to integrate the protocol into agents and applications.
Get started on MegaETH Swappers, LPs, and developers can get started today:
Swap and LP on the Uniswap Web App and Uniswap Wallet Integrate MegaETH into your app with Uniswap API Build and automate with MegaETH's MOSS CLI and Uniswap Skills
Uniswap’s decentralized governance machine is grinding forward again. A new Request for Comments (RFC) has been published in the Uniswap DAO proposing the deployment of Uniswap v4 on 0G, a modular blockchain built with artificial intelligence workloads in mind.
What Uniswap v4 actually changes The headline feature is what Uniswap calls a “singleton pool manager.” Previous versions of Uniswap deployed a separate smart contract for every single trading pair. Uniswap v4 consolidates all pools into one contract, meaning fewer contract deployments, lower gas costs, and more efficient routing between pools.
Then there are hooks. These are pluggable smart contracts that developers can attach to individual pools, enabling custom logic at specific points in a trade’s lifecycle.
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Dynamic fees are the natural extension of this flexibility. Rather than locking in a static fee tier when a pool is created, Uniswap v4 allows fees to shift automatically based on real-time trading conditions like volume and volatility. The direct beneficiaries here are liquidity providers, who historically have eaten impermanent loss during volatile periods while earning the same flat fee regardless of market conditions.
Why 0G, and what is it anyway 0G (pronounced “zero gravity”) positions itself as a modular, AI-focused blockchain. The network is designed around high-throughput data availability, which makes it potentially suited for applications that need to process large amounts of on-chain data quickly.
Uniswap has been systematically expanding across chains for years, moving beyond Ethereum to networks like Polygon, Arbitrum, Optimism, Base, BNB Chain, and others. For 0G specifically, adding Uniswap v4 would provide a foundational DeFi primitive for what is still an emerging network.
The broader multi-chain chess game Uniswap governance proposals typically go through an RFC phase, followed by a temperature check, and then a final on-chain vote. The RFC stage is essentially the community debating whether the deployment makes strategic sense, whether the target chain has sufficient demand, and whether the technical integration is sound.
What this means for investors For UNI token holders, every new chain deployment theoretically expands the protocol’s fee-generating surface area. Uniswap recently activated its fee switch mechanism, meaning protocol-level fees could eventually flow back to governance participants.
Liquidity providers should pay particular attention to the dynamic fee structure. If v4’s fee mechanisms work as designed, providing liquidity on volatile AI-related token pairs could become meaningfully more profitable than the static-fee experience of v3.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
@dfinity's Caffeine platform has launched a direct integration with @AnthropicAI's Claude, allowing users to generate and deploy production-ready applications on the Internet Computer blockchain entirely through natural language prompts, without writing a single line of code.
Building Apps Through Conversation @CaffeineAI is an AI-powered development platform built by the DFINITY Foundation. Caffeine generates web applications from text descriptions and deploys them directly on the Internet Computer blockchain. The Claude integration extends that capability into Anthropic's own LLM environment, meaning users can build, iterate on, and ship complex software without ever leaving the chat interface.
The move targets both casual "vibe coders" and enterprise teams. Unlike tools such as Cursor that help human developers write code faster, Caffeine positions itself as a complete replacement for technical teams. Users describe what they want in plain language, and an ensemble of AI models writes, deploys, and continually updates production-grade applications with no human intervention in the codebase itself.
Unlike many existing AI development tools, Caffeine handles everything from secure backend logic to full-stack deployment, enabling users to build secure, resilient, and sovereign apps with minimal effort. Once code is generated, Caffeine deploys the app directly onto the Internet Computer blockchain, where ICP's canister-based architecture ensures the app is secure, tamper-proof, and runs entirely on-chain without relying on centralized servers.
A Technical Edge on Data Safety One of Caffeine's more notable claims is around data integrity during updates, a recurring problem in AI-generated software. The platform builds applications using Motoko, a programming language developed by DFINITY specifically for AI use, which provides mathematical guarantees that upgrades cannot accidentally delete user data. The system employs what DFINITY calls "loss-safe data migration," where the framework automatically verifies that any transformation to an application's data structure will not result in data loss, refusing to compile or deploy code that could delete information unless explicitly instructed.
The Anthropic relationship is not entirely new. Pierre Samaties, chief business officer at DFINITY, noted at a San Francisco launch event that Anthropic had partnered with DFINITY on Caffeine, with developers observing that DFINITY had been using Anthropic's Claude Sonnet to drive Caffeine's backend logic on the ICP. The latest announcement formalises that relationship by surfacing Caffeine's capabilities directly inside Claude for all users.
The integration arrives as agentic AI tools gain broader enterprise traction. Anthropic's own enterprise case studies highlight organizations including Rakuten, CRED, TELUS, and Zapier as having deployed multi-agent coordination systems built on Claude. Bringing Caffeine into that environment gives ICP-based app development a direct route to that growing user base.
Sources:
VentureBeat: Dfinity launches Caffeine, an AI platform that builds production apps from natural language prompts
Business Wire: DFINITY Opens Early Access to Caffeine
SiliconAngle: The self-writing internet: Is Dfinity's Caffeine AI a wakeup call for application developers?
Crypto markets may be volatile, but the builders keep building. According to @SantimentData's latest 30-day GitHub development activity ranking, @MetaMask USD ($mUSD) sits at the top by a wide margin, ahead of some of the most established names in the industry.
The Top Five by Development Activity The current ranking, based on notable GitHub events over the past 30 days, is:
Santiment's ranking is based on daily notable development activity recorded on GitHub, tracking which projects within the ecosystem are experiencing the most intense technical progress. Importantly, Santiment tracks the number of GitHub events a project generates rather than simply counting commits, since pushing a commit is just one of many actions that produces an event. The methodology also filters out low-value noise such as automatic updates or superficial changes, making it a more reliable signal of genuine engineering momentum.
What Is Driving mUSD's Lead MetaMask USD ($mUSD) is the first native stablecoin launched by a self-custodial wallet, built with Bridge, a Stripe company, and M0, and supports on-ramps, swaps, bridging, and will soon be spendable via the MetaMask Card at millions of Mastercard merchants. Supported on Ethereum Mainnet and Linea, every mUSD in circulation is backed 1:1 by short-term US Treasury bills.
The development activity reflects ongoing technical work on the stablecoin's contracts, M0 protocol integrations, yield features, and wallet features such as swaps, bridging, and the MetaMask Card. MetaMask is building mUSD as a core financial layer inside the wallet, with a focus on frictionless on- and off-ramps, seamless cross-application payments, and native DeFi access, effectively evolving the wallet into a full financial operating system.
The gap between mUSD and the rest of the field is notable. According to Santiment, the list reflects only the technical development strength of projects and the activity of their teams, independent of price movements. That makes it a useful lens for gauging which teams are genuinely committed to shipping, regardless of where markets are trading.
Ansem has united Solana’s trenches, consolidating what was left of the memecoin economy into the fabled $100M runner.
Having roared to over $100M within 24 hours, $ANSEM has reminded the embattled memecoin trenches of the “1 $SOL and a dream” thesis, with several wallets netting extraordinary profits from small investments.
While Solana’s memecoin traders have flipped euphoric, some commentators argue that $ANSEM’s success is dragging the network back into its “celebrity coin” meta. Critics have questioned the motives and downstream effects of the $ANSEM run, which, in their words, has drawn liquidity and attention away from sustainable onchain businesses and does nothing to progress the industry.
$ANSEM: The Fabled $100M PvE Runner? One of crypto’s biggest traders has once again put his weight and influence behind a memecoin, sending $ANSEM, or ‘The Black Bull’ from a valuation of $183k to highs of $107M in 24 hours. The frenzy began after Clive_99, an onchain trader, suggested that Ansem launch a token on pump.fun, then use creator fees to airdrop to holders.
After recently calling the bottom on $SOL and encouraging Solana traders to “return to memes”, Ansem invited traders to follow his pump.fun account, from where he would airdrop followers using the coins that deployers would send him.
$ANSEM, or the ‘The Black Bull’, became one such token. Coined after Ansem himself, who historically backed Solana in the midst of the 2023 bear market and pushed $WIF to its all-time high of $4B, $ANSEM has attracted over $65M in 24 hour volume. Originally launched on June 16, Ansem’s pump account was given around 60% of the circulating supply.
For Solana’s devout memecoin traders, the $ANSEM run represents the allure of ‘trenches’ and the promise of ‘1 $SOL and a dream’.
Early buyers of the asset have netted hundreds of thousands in profits, finding themselves up significant amounts of money through harnessing the memetic value of speculation and attention.
At press time, $ANSEM currently trades at a fully diluted valuation of $96M, and is held in over 26,000 wallets.
Ansem Delivers the Liquidity Event Promised by pump.fun? Beyond garnering the support of one of crypto twitter’s biggest traders, $ANSEM’s success has been amplified by the mounting frustration directed towards pump.fun. After promising its users that an airdrop was coming “soon”, following its July 2025 TGE, pump.fun has so far failed to live up to its promise and reward Solana’s memecoin traders.
Leveraging his influence and good-standing among onchain traders, Ansem is using the token’s success to pressure pump.fun into completing their long awaited airdrop.
As promised, holders are reportedly receiving significant drops in both $ANSEM and newly launched betas, with onchain data suggesting millions has already been distributed.
Despite Ansem’s supposed frustration with pump.fun, $ANSEM’s explosive weekend has only driven traders back to the application in droves. Blockworks data indicates that PumpSwap daily trading volume climbed 89%, rising from $147.1M to $278.9M.
Meanwhile, Dune Analytics data suggest that over 1.4M wallets interacted with PumpSwap on Sunday, marking a new all-time high for the DEX.
Cynics and speculators have suggested that the launch is a coordinated effort to generate hype and momentum ahead of a genuine $PUMP airdrop.
$ANSEM Success Spawns Copycats Memecoin traders across the Solana Ecosystem have celebrated the $ANSEM run, prompting calls for a return to the fabled memecoin supercycle that put Solana on the map in 2024 and 2025.
Desperate not to let an opportunity slip them by, KOLs and trading influencers have attempted to recreate $ANSEM’s success, with dozens of onchain traders launching their own ‘airdrop meta’ equivalents.
While Solana’s memecoiners are overjoyed with the return of a $100M runner, voices across the crypto industry are lamenting the resurgence of speculative attention markets. Critics argue that $ANSEM has done nothing but draw liquidity and attention away from the real onchain businesses, and instead is simply cycling funds through existing users without successfully onboarding new capital into the onchain economy.
At press time, $ANSEM currently trades at a fully diluted valuation of $96M, and is held in over 26,000 wallets.
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Very Network has issued an urgent warning after a fraudulent $VERY token, falsely representing itself as the project’s official asset, appeared on a Solana-based decentralized exchange. The project team underlined that this token has no affiliation with Very Network and that the scammers are exploiting the network’s name to mislead users.
Official token only available on VeryChainIn a statement shared on X, the Very Network team clarified that the official $VERY token is not listed on any centralized or decentralized exchange. According to the announcement, the token currently exists solely on the project’s native blockchain, VeryChain. As a result, the team stressed that any $VERY tokens seen on networks other than Solana and VeryChain should be considered counterfeit.
The Very Network team stated that the token circulating on Solana is not official and accused an individual of stealing the VERY name. They urged users to avoid purchasing, trading, or connecting their wallets to any platforms associated with the fake asset.
To further spread its message, Very Network also published a Korean version of the warning targeting its international community. The project advised users to rely only on official announcements, blockchain explorers, and verified communication channels when seeking information.
Mini glossary: Proof of Authority is a consensus model in which validators are pre-selected. In a PoA system, network security is maintained by authorized validators rather than anonymous miners.
Fake tokens continue to target crypto usersCounterfeit tokens and imitation projects remain a persistent threat to cryptocurrency users, particularly those searching for newly launched assets or potential airdrop opportunities. This type of fraud is widespread in the market, with bad actors creating tokens that closely resemble legitimate projects and circulating them on popular decentralized platforms.
These scams are most frequently seen on blockchain networks where transaction fees are low and creating tokens is fast and cheap. Fraudulent assets can be created in minutes and, when mistaken for an official launch, may be bought by unsuspecting users. This exposes users to direct financial losses and to malicious systems designed to drain wallets.
Utility of the official token within the VeryChain ecosystemVery Network reiterated that the real $VERY token functions exclusively on VeryChain. VeryChain, an Ethereum-based blockchain, operates with Proof of Authority secured via Node NFT validators. The team explained that the token’s functions are limited to validator rewards, hackathon incentives, and ecosystem development processes.
The project team added that, at the time of the warning, $VERY was not officially listed on any external trading platform. They advised verifying any future listing claims through official channels only.
A similar scam-related warning was recently issued in the crypto market by Binance co-founder Yi He. Drawing attention to allegations of identity fraud involving Zhu Pan, Yi He warned users to remain cautious, while the derivatives platform CoinUp denied any association with the individual in question.
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.
Solana’s price is making efforts to recover after a prolonged downward trend, buoyed by improved technical indicators and the recent unveiling of the World Xyz project within its ecosystem. While these factors have supported market sentiment, analysts stress that maintaining the crucial support zone between $65 and $75 will be vital to sustain any bullish expectations moving forward.
Support zone and key resistance levelsPreviously, SOL encountered selling pressure in the $245–$250 band, reinforcing its long-term bearish pattern and pulling the token back toward the primary support area of $65 to $75. Should this demand zone continue to hold, analysts foresee an initial upward reaction targeting the $145–$150 range.
If Solana decisively breaks above the $145–$150 resistance, it could confirm a stronger bullish momentum. This scenario increases the likelihood of a move toward the previous cycle high between $240 and $250. However, market experts note that rising trading volumes and daily closes above resistance are needed to confirm this upward trend.
IndicatorLevelSignificanceMain support$65–$75As long as this holds, recovery remains possibleFirst target$145–$150Initial key resistance zoneUpper target$240–$250Previous cycle peakRisk zone$50–$55To be watched if support breaksCryptocurrency analyst 0xNeena highlights that a clear break below the $65–$75 range could invalidate the recovery scenario and expose Solana to further declines down to the $50–$55 band.
According to 0xNeena, maintaining the $65–$75 support zone is crucial for a bullish outlook; losing this area would bring the $50–$55 range back into focus.
Signs of recovery in technical indicatorsMomentum data shows that selling pressure on Solana is beginning to wane, although a definitive trend reversal has yet to be confirmed. The Relative Strength Index (RSI) has climbed to 51.60, with its signal line at 45.95. Moving above the neutral 50 threshold suggests that buyers are gradually regaining influence.
Similarly, MACD indicators reflect a strengthening buy-side momentum. The MACD line stands at minus 1.06161, with its signal line at minus 1.74892 and a histogram reading of 0.68730. The increase in the histogram and a positive crossover point to growing bullish momentum, but analysts caution that more trading volume and sustained closes above resistance are needed to solidify the trend.
World Xyz announcement boosts ecosystem sentimentBeyond technical factors, developments in the Solana ecosystem have also lent support. The long-anticipated World Xyz project unveiled its structure after months of speculation, previously drawing attention by reportedly purchasing the world.xyz domain for $80,000.
The Solana Foundation, which spearheads ecosystem projects and infrastructure development, continues to play a leading role. Vibhu from the Foundation described World as an intent-centric consensus layer built on the x402 protocol, providing a decentralized framework for the tokenization of real-world assets.
Mini glossary: Tokenization means creating a digital representation of an asset on a blockchain. Tokenizing real-world assets involves converting financial or physical assets—such as real estate, bonds, or commodities—into digital tokens.
Vibhu explained that the World project delivers an intent-based consensus layer built on the x402 protocol, forming a decentralized foundation for the tokenization of real-world assets.
Following these announcements, SOL posted a 2.86% gain over the past 24 hours. Nevertheless, the broader direction of the crypto market remains closely linked to movements in Bitcoin. Sharp moves in Bitcoin, up or down, could significantly influence pricing across altcoins, including Solana.
In summary, analysts agree that the $65–$75 range remains a critical defense line for Solana. As the technical outlook improves and fresh projects fuel optimism, all eyes are on trading volumes and whether daily closes can secure above resistance zones. The path to higher targets remains open—so long as support holds and broader market conditions cooperate.
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.
For years, blockchain infrastructure has competed on one metric above almost everything else: performance. Faster block times, lower fees, and higher throughput have become the benchmarks by which networks are judged. Solana has excelled on those fronts, proving that high-performance blockchains can support everything from decentralized exchanges to payment applications and consumer-facing products.
As the ecosystem continues to mature, however, a different conversation is starting to take shape. Rather than asking how quickly transactions can be processed, developers and validators are beginning to ask whether transaction markets themselves are operating as efficiently as possible.
Much of the discussion centers around orderflow. Every pending transaction carries information that can influence trading strategies, arbitrage opportunities, and block construction. Access to that information has become increasingly valuable, yet it is not always distributed evenly across the ecosystem.
This has implications beyond traders. Validators rely on transaction fees and MEV-related revenue to strengthen their economics, developers need predictable infrastructure to build applications, and users ultimately benefit when transaction markets remain competitive rather than concentrated among a handful of participants.
Greater transparency could improve incentives across the board. Broader access to transaction flow encourages more searchers to compete, which can increase competition for blockspace while improving validator revenue. Instead of relying on private relationships or proprietary routing, market participants compete on execution quality and efficiency.
Some infrastructure projects are now building around that idea. Flowra is developing an Open Orderflow Auction that aims to create a more open marketplace for transaction flow while allowing validators to customize block construction through Programmable Block Policies. The objective is not simply to increase visibility, but to give validators more flexibility over how they participate in Solana’s transaction economy.
“We believe it is possible to achieve full transparency and auditability while also protecting the network from malicious MEV,” said Harry, CEO of Flowra. “At the same time, we recognize that MEV cannot be completely eliminated. It is a natural consequence of how blockchains operate, and attempts to suppress it entirely often push it into less visible forms rather than remove it. Not all MEV is harmful. Atomic arbitrage, liquidations, and back-run strategies often referred to as ‘ethical MEV’ play an important role in improving market efficiency and maintaining balance within the ecosystem.”
Whether this becomes the dominant direction for blockchain infrastructure remains to be seen. But the conversation itself reflects how the industry is evolving. Speed and scalability are no longer enough on their own. As institutional participation increases and blockchain networks become more economically significant, transparency is becoming a feature that developers, validators, and users are beginning to value just as highly.
That shift extends beyond transparency alone. “Network performance is increasingly becoming table stakes,” Harry said. “The next axis of competition is shifting toward who gives validators more meaningful choices and better economics.” Through Programmable Block Policy (PBP), Flowra aims to give validators greater autonomy over block composition, allowing them to define policies that align with their own operational, economic, or compliance requirements rather than simply acting as execution nodes.
Looking further ahead, Harry believes Solana’s own roadmap could make transparent orderflow infrastructure even more important. “The roadmap toward Multiple Concurrent Proposers means no single leader controls which block gets finalized, which naturally makes it harder to execute malicious MEV strategies at the protocol level,” he said. “But that architectural shift also raises a new question: in a world with multiple concurrent proposers, who coordinates orderflow across all of them?” In his view, “an open, standardized orderflow layer” becomes increasingly critical as transaction markets grow more sophisticated and institutional participation continues to expand.
The next phase of blockchain infrastructure may not be defined by who builds the fastest network, but by who builds the most open and competitive markets around it.
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.
The cryptocurrency market is closing out June under significant pressure, as Bitcoin is headed for its weakest monthly performance in 4 years and U.S. spot Bitcoin ETFs posted their largest monthly net outflows on record. The combination of sustained institutional selling, declining prices, and cautious investor sentiment has marked one of the most challenging periods for the digital asset market.
Although several crypto assets also struggled, Solana stood out as one of the few major cryptocurrencies to post gains during the past 24 hours, supported by continued growth in tokenized equities and dApp activity.
Bitcoin Heads For Its Worst Month Since June 2022 Bitcoin has fallen about 18% in June, constantly flirting with the $60,000 level and putting the cryptocurrency on pace for its worst monthly performance since June 2022, when it declined 37%.
The weakness also extends beyond the monthly timeframe. Bitcoin is on track to finish the second quarter down about 10%, marking its third consecutive quarterly decline. The market has not experienced three straight losing quarters since 2022. Bitcoin has underperformed nearly every major asset class despite entering the year with strong expectations for continued institutional adoption.
Bitcoin ETFs record their largest monthly outflows Institutional demand weakened considerably throughout June. According to SoSoValue data, U.S spot Bitcoin ETFs recorded approximately $4.06 billion in net outflows during the month. That figure represents the largest monthly redemption since the funds began trading in January 2024, surpassing the previous monthly record of $3.56 billion set in February 2025.
The selling accelerated during the latest week, when investors withdrew about $1.79 billion from the funds. That marked the second-largest weekly outflow on record. The only larger weekly redemption occurred during the final week of February 2025, when investors pulled approximately $2.61 billion.
The trend extends beyond a single month. Bitcoin ETFs also recorded $2.43 billion in net outflows during May, bringing combined withdrawals over the past 2 months to nearly $6.5 billion.
For the first half of 2026, cumulative net ETF outflows have reached roughly $5 billion. The sustained reduction in institutional demand has coincided with Bitcoin's sharp price decline and has become a defining theme of the current market correction.
Strategy Introduces A New Capital Framework Amid falling crypto prices, Strategy unveiled a Digital Credit Capital Framework to boost financial flexibility while maintaining its long-term Bitcoin strategy.
The plan allows limited Bitcoin sales to fund dividends, build cash reserves, repurchase securities, and meet debt obligations. The company may sell up to $1.25 billion in Bitcoin and, with existing reserves, has about $3.8 billion available, which is enough to cover roughly 26 months of obligations.
Strategy raised its $STRC preferred dividend to 12% and approved buybacks for preferred shares and $MSTR stock. Its dedicated cash reserve stands at $2.55 billion, earmarked for dividends and interest, with at least 12 months of coverage expected.
Strategy chairman Michael Saylor ended the announcement post by saying, “Strategy expects to remain disciplined in its use of MSTR issuance, particularly when the stock trades at or near 1x mNAV.”
Strategy reported no new Bitcoin purchases, holding 847,363 $BTC acquired for $64.1 billion at an average of $75,651. In June, it added a net 3,625 $BTC and raised $1.15 billion through $MSTR share sales.
Solana Outperforms As Network Activity Remains Strong While the broader cryptocurrency market remained under pressure, Solana showed relative strength. The token rose more than 6% over the previous 24 hours and is currently trading above $75.
Network activity also continued to expand despite broader market weakness. Solana recorded its largest week ever for tokenized equities, generating a record $1.36 billion in trading volume while accounting for approximately 96% of all tokenized equity trading across blockchain networks.
At the same time, dApps built on Solana generated more than $20 million in revenue during the past week. That represented a 16-week high and reinforced the network's position as one of the most active blockchain ecosystems by onchain activity.
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@solana is registering its busiest stretch in months. Active addresses on the network climbed to 4.51 million since Saturday, the strongest reading since February, according to @SantimentData. The catalyst is not memecoins or a new token launch. It is tokenized stocks, with xStocks activity picking up sharply and $SOL's rebound above key levels drawing traders back into the ecosystem.
Record volumes in tokenized equity trading Equity trading on Solana broke records this week. Daily tokenized stock trading on Solana hit a $644 million all-time high on June 24, more than tripling the previous record of $187.9 million set just eight days earlier, the same day tokenized assets surpassed memecoins as a share of Solana spot DEX volume for the first time, with tokenized assets at 17% of spot volume against memecoins at 12%. Much of the surge was driven by specific TradFi catalysts: Backpack Securities and Sunrise launched SPCX, a 1:1 share-backed SpaceX token, on June 12, the same day SpaceX listed on Nasdaq, followed by tokenized Micron (MU) on June 22, timed to Micron's earnings release.
During the week of June 15 to June 21, Solana processed $1.298 billion in tokenized stock trades, representing 95% of the global total for that period. Cumulatively, tokenized stocks on Solana hit $4.9 billion in volume during the first half of 2026, a sixfold increase from the $775 million recorded in the second half of 2025. By June 23, cumulative transfer volume for tokenized stocks on the network had crossed $10 billion. Cross-chain, tokenized equity trading hit $5.3 billion in May 2026, a 44% month-on-month increase.
More than a memecoin replacement Analysts see this as more than a short-term volume spike. Solana is becoming a go-to chain for real trading activity, not just speculation. Tokenized stocks, DeFi usage, stablecoins, and retail-friendly apps are all giving users more reasons to interact on-chain. Solana's low transaction costs and high throughput make it well-suited for the small, frequent trades common among retail investors, with fractional ownership and around-the-clock trading offering access that conventional brokerage accounts do not.
The composition shift carries wider implications for the Solana ecosystem. For a network that built much of its reputation on speculative memecoin activity, the rise of tokenized stocks brings real-world assets and more stable value propositions to the chain. If the surge in active addresses holds into next week, it strengthens the case that $SOL's recent bounce has genuine network activity behind it, not just leverage.
Regulatory uncertainty remains the key overhang. Tokenized equities must comply with securities laws across different jurisdictions, and the rules governing how these products are issued, traded, and settled continue to evolve. xStocks products are not available to users in the US, Canada, UK, or Australia under current access rules. Whether the volume surge proves durable will depend as much on regulatory clarity as on network performance.
Sources:
Crypto Briefing: Solana tokenized stocks trading volume surges to $4.9B in H1 2026
Solana Compass: Tokenized Assets Flip Memecoins in Solana Spot Volume
Value The Markets: Solana Sets New Record in Tokenized Stocks Trading Volume
Solana RWA distributed asset value climbed to $3.03B after posting a 13.2% increase over 30 days. Monthly RWA transfer volume surged 120.5% to $8.53B, marking the fastest-growing network metric. RWA holders reached 290,481 after growing 24.4% in one month, showing wider ecosystem participation. Solana stablecoin market cap rose to $15.77B, supporting liquidity across the expanding RWA market. Solana’s real-world asset market continues to expand as fresh on-chain data points to stronger activity across tokenized assets.
The latest figures show higher asset values, growing participation, and a sharp rise in transfer volume. Stablecoins also remain a major source of liquidity across the network. The new metrics highlight steady growth across multiple parts of the Solana ecosystem.
Solana RWA Ecosystem Records Higher Asset Value and User Growth Data shared by Everstake shows the Solana RWA ecosystem reached $3.03 billion in distributed asset value. That marks a 13.2% increase over the past 30 days.
❗@solana's RWA ecosystem is reaching a whole new level.
Every month, the numbers get bigger.
And more importantly, they show that real-world assets are becoming an increasingly important part of the Solana ecosystem.
• $3.03B in distributed asset value, up 13.2% over the… pic.twitter.com/vpyj2eJowj
— Everstake (@everstake_pool) June 29, 2026
The same dataset shows the number of RWA holders climbed to 290,481. Monthly holder growth reached 24.4%, indicating broader participation in tokenized assets.
Transfer activity expanded even faster. Solana recorded $8.53 billion in 30-day RWA transfer volume, representing a 120.5% increase from the previous month.
Everstake highlighted transfer volume as the strongest metric during the latest reporting period. The figures suggest assets moved across the network at a much faster pace than before.
The platform also reported 2,115 tokenized real-world assets operating on Solana. Represented asset value stood at $125.86 million during the same period.
Stablecoins Continue Powering Solana RWA Market Activity Stablecoins remained the largest segment supporting the Solana RWA market. Network data placed the total stablecoin market capitalization at $15.77 billion, up 3.43% over 30 days.
Stablecoin transfer volume reached $487.08 billion during the month. Activity increased 3.59%, even as stablecoin holders declined 7.77% to 10.95 million.
The league table published alongside the data ranked Circle as the largest platform by asset value. Circle accounted for approximately $7.1 billion across three supported asset classes.
Tether Holdings followed with roughly $3.8 billion, while Paxos ranked third at $1.4 billion. BitGo, Securitize, Anchorage Digital Bank, Ethena, Ctrl Alt, Solstice, and Ondo completed the top ten.
Among individual assets, USDC remained the largest tokenized product on Solana with nearly $6.97 billion in distributed value. USDT followed at about $3.77 billion, while BitGo’s USD1 exceeded the $1 billion mark.
Other leading products included Anchorage Digital Bank’s USDGO, Paxos-issued PYUSD, and Securitize’s BlackRock USD Institutional Digital Liquidity Fund.
According to Everstake’s published figures and the accompanying Solana RWA dashboard, stablecoins continue to dominate network value while tokenized treasuries, private equity, and corporate credit products steadily expand their presence.
Phantom has shifted the infrastructure supporting prediction markets in its crypto wallet, replacing its previous Kalshi based system with World for positions opened from June 1.
The change moves new markets to a noncustodial protocol that routes orders to liquidity providers on Solana. Payouts are redeemed automatically when an event ends, removing the separate settlement trade required under Phantom’s earlier setup.
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Positions opened before June 1 remain tied to Kalshi through DFlow. Users holding those contracts must exchange expired outcome tokens for the stablecoin used to open the position, with the final quote potentially affected by market conditions and settlement data.
The transition also changes the external systems used to determine results. Older markets depend on Kalshi data processed through DFlow, while new positions may rely on oracles including Chainlink.
Phantom warned that delayed feeds, incorrect information or indexing failures could still affect market resolution and lead to financial losses.
The wallet said it does not take custody of user funds, operate as the counterparty to trades or maintain a house edge. Transactions take place between users, while each market follows its own resolution rules.
The updated disclosures also prohibit users from trading contracts when they possess material nonpublic information or have a direct conflict related to the outcome.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Manuel Neuer has called time on his international career. The 40-year-old German goalkeeper confirmed his retirement following Germany’s exit from the 2026 FIFA World Cup, closing the book on one of the most decorated goalkeeping careers in the sport’s history.
And because this is 2026, someone naturally launched a meme token about it.
A career that redefined goalkeeping Neuer’s departure from the international stage caps a run of 124 caps for Germany. His fifth World Cup appearance made him the oldest player ever to represent Germany at a major tournament, surpassing a record previously held by Lothar Matthäus, who set the mark at Euro 2000.
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Neuer had initially stepped away from the national team after Euro 2024. But the pull of a home-region World Cup, co-hosted by the US, Mexico, and Canada, proved too strong. He reversed course and made himself available for what became his final international tournament.
The defining chapter remains 2014. Neuer was instrumental in Germany’s World Cup triumph that year, earning the Golden Glove award as the tournament’s best goalkeeper. His sweeper-keeper style, where he operated almost as an extra outfield player, fundamentally changed how coaches and fans thought about the position.
The meme token nobody asked for Around the time the 2026 World Cup kicked off in mid-June, a meme token called NEUER launched on the Solana blockchain. It bears no official connection to Manuel Neuer, the German Football Association, FIFA, or any other recognized entity in the sport.
The 2026 World Cup, with its expanded 48-team format, provided fertile ground for exactly this kind of project.
What this means for crypto investors Crypto platforms like Bitvavo and Bitpanda have been inking sponsorship deals with German football organizations, signaling that the industry sees European sports fans as a valuable demographic.
For investors evaluating the NEUER token specifically, the calculus is straightforward. No official backing, no disclosed utility, and a catalyst — Neuer’s retirement — that has now fully played out.
Neuer himself has made no public statements about the token bearing his name.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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.
Updated Jun 29, 2026, 3:51 p.m. Published Jun 29, 2026, 3:03 p.m.
2 min read
Alex Fazel of Swisborg says about 10 million or more users are now faced with finding a new crypto service provider as their current platform suspends services on July 1. (Shutterstock/Modified by CoinDesk)Summary
A key July 1 deadline under the European Union’s Markets in Crypto-Assets rules is forcing dozens of unlicensed exchanges to halt or restrict services, potentially displacing more than 10 million users.EU regulators have warned crypto firms operating without a MiCA license to wind down operations and help customers move to authorized providers, while proposing fines of up to 12.5% of annual turnover for major stablecoin issuers that breach the rules.Industry executives estimate that as many as 80% of Europe’s roughly 3,000 pre-MiCA virtual asset service providers may not continue after the deadline, prompting exchanges like Binance to scale back and rivals such as Coinbase and OKX to court users with incentives.The European Union's (EU) July 1 Markets in Crypto-Assets (MiCA) deadline could leave more than 10 million users looking for a new platform, Alex Fazel, chief partnership officer at Swissborg, told CoinDesk in an interview.
The latest deadline implementing the EU's crypto rules is forcing dozens of exchanges to halt or restrict services, with the European Securities and Markets Authority (ESMA) warning that crypto-asset service providers operating without a MiCA license after July 1 should wind down their businesses and help customers move to authorized providers or self-hosted wallets.
The deadline also comes as the European Banking Authority (EBA), which directly supervises significant stablecoin issuers under MiCA, proposed a framework on Friday that would allow fines of up to 12.5% of annual turnover for major issuers that breach the regulation. The consultation runs until Sept. 28, after which the methodology will be finalized.
Europe was thought to have had more than 3,000 registered virtual asset service providers (VASPs) as of 2024, according to the pre-MiCA categorization. As many as 80% of them will not continue after the deadline, Erald Ghoos, CEO of OKX Europe, told CoinDesk.
The immediate impact will fall on customers whose exchanges are withdrawing services, Fazel told CoinDesk
Several exchanges, including Binance, have announced changes to their European services ahead of the July 1 deadline, while others continue seeking MiCA authorization or adjusting their products.
"When a platform pulls back, users unfortunately absorb the shock, like a tenant being evicted by its landlord with no notice," Fazel said. "People shouldn't keep hunting for a new home. They should pick one built to stay."
"When you're choosing a new home, the price is one thing."But we need to look at the identity match, the platform, its culture, its security, the features you'll actually use, and the community you're joining."
"Incentives fade," he added. "A home you trust doesn't."
Coinbase and OKX last week offered deposit and transfer incentives to attract new users amid some exchanges scaling back services in Europe.
Fazel said those offers may persuade some customers to switch, but argued they should not be the deciding factor.
"Every exchange is piling into the same rat race of bigger bonuses, louder cheques," he said. "But money does not earn trust. A local track record does."
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The Evolution of the Crypto CEX Landscape: A Case Study on Binance
The Evolution of the Crypto CEX Landscape: A Case Study on Binance
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
13 hours ago
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Why it matters:
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
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.
Popular meme cryptocurrency Shiba Inu has officially dropped out of the world’s top 30 cryptocurrencies after months of sustained decline.
The latest week-long downturn has finally impacted Shiba Inu’s standing in the global crypto rankings. As a result, the token slipped to the 31st position, losing its long-held place among the top 30 digital assets by market capitalization.
Shiba Inu Falls Out of Top 30 Crypto According to data from CoinMarketCap, Shiba Inu is now the 31st-largest cryptocurrency globally. Over the past seven days, the token has fallen by 11.22%, pushing its price down to $0.000004153 and reducing its market cap to approximately $2.44 billion.
As Shiba Inu continued to decline, Tether Gold (XAUT) overtook it to claim the 30th position in the global rankings. Currently, XAUT holds a market cap of $2.48 billion, allowing it to edge past Shiba Inu and secure its position among the top 30 cryptocurrencies.
Shiba Inu Falls Out of Top 30 A Sharp Contrast to Shiba Inu’s Early Success The development has surprised many investors, especially those who witnessed Shiba Inu’s meteoric rise during the 2021 bull market.
At its peak, Shiba Inu reached an all-time high of $0.00008845 and entered the top 10 cryptocurrencies on several occasions. A few years later, lead ambassador Shytoshi Kusama even expressed ambitions of pushing the token into the top five.
However, the project has since experienced a dramatic reversal. Shiba Inu now trades 95.3% below its all-time high and has declined by 39.84% since the start of the year.
Weak Market Structure Continues to Pressure SHIB Meanwhile, Shiba Inu’s broader market structure remains weak, with trading activity indicating a thinning market.
According to CoinGlass data, spot trading volume currently stands at just $10.94 million, significantly below futures volume of $51.41 million. This imbalance suggests that speculative derivatives trading dominates genuine buying demand.
In addition, Shiba Inu’s open interest sits at $30.73 million, indicating moderate leverage exposure but limited conviction from long-term market participants. Although funding rates remain slightly positive at 0.0063%, signaling a mild bullish bias in perpetual futures markets, price action and capital inflows have failed to support that optimism.
Liquidation metrics further reinforce the market’s fragile condition. Over the past 24 hours, total liquidations reached $46,390. Long positions accounted for the majority of those losses at $43,090, while shorts represented just $3,300. The imbalance suggests that bullish traders have borne most of the market’s pain during the latest decline.
Shiba Inu Fundamentals Remain Weak Despite Shiba Inu’s fall below the top 30 and its deteriorating market structure, supporters continue to attribute the weakness to broader bearish market conditions.
Many believe the token could stage a significant recovery once overall market sentiment improves. However, Shiba Inu’s underlying fundamentals have offered little support for that bullish outlook in recent months.
Critics argue that the Shiba Inu ecosystem appears increasingly abandoned by its leadership team. They point to Shytoshi Kusama’s prolonged silence on social media and his focus on an independent AI initiative as evidence of shifting priorities.
Furthermore, several ecosystem projects that were originally introduced to drive adoption remain incomplete or inactive. These unfinished initiatives include Shib: The Metaverse, Shib Marketplace, and the Layer-3 blockchain Shib Alpha Layer.
Meanwhile, critics consider Shibarium effectively deserted due to its declining on-chain activity. For context, Shibarium currently processes only 787 daily transactions. Moreover, decentralized exchange volume across the network has remained at zero since June 23, while total value locked has dropped to just $170,699.
Shibarium DeFi Activity Token Burns Remain Too Small to Impact Supply Shiba Inu’s enormous token supply also continues to weigh heavily on price performance. Although the project’s burn mechanism was designed to reduce circulating supply, burn activity has slowed considerably.
Over the past 24 hours, the community burned just 2.41 million SHIB worth approximately $10. During the last seven days, total burns reached only 19.13 million tokens, while monthly burns amounted to 108.40 million SHIB.
These figures remain negligible when compared to Shiba Inu’s massive circulating supply of approximately 589 trillion tokens.
Shiba Inu burns Ecosystem Tokens Also Continue to Struggle The weakness extends beyond SHIB itself, as other ecosystem tokens have also suffered substantial losses from their previous highs.
According to CoinMarketCap data, Bone ShibaSwap (BONE) has plunged 99.9% from its all-time high, while Doge Killer (LEASH) has effectively erased all of its gains, falling nearly 100% from its peak valuation.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
A $10,000 investment in Shiba Inu at its 2021 all-time high would be worth less than $500 in today’s market, as its price has underperformed over the years.
Shiba Inu (SHIB) remains one of the most prominent meme coins in crypto, occupying the second spot by market cap in the meme sector. Yet, it has underperformed for a prolonged period of time.
At its current price of $0.00000416, Shiba Inu has dropped 90.8% from this bull cycle peak of $0.0000456 in March 2024. Even from its December 2024 high of $0.00003345, SHIB has corrected 87.5%.
Shiba Inu: The Journey from Its 2021 ATH Meanwhile, its journey since the 2021 bull market has been a reminder of how quickly sentiment and market momentum can change. While many early buyers turned modest sums into life-changing wealth, those who entered near the top have experienced a very different outcome.
The token reached its all-time high of $0.00008854 in October 2021 as enthusiasm around meme coins reached extraordinary levels. Then, its market cap surged to a high of $54.22 billion, a figure many deemed unattainable for what started as an internet joke.
Since then, however, SHIB has spent years trading well below that record, leaving many holders wondering whether another major recovery is still possible. A look at the numbers shows just how dramatic that reversal has been.
A $10,000 Purchase at the Peak Looks Very Different Today Specifically, someone who invested $10,000 when SHIB reached its record price of $0.00008854 would have received approximately 112.94 million SHIB.
At the current price of $0.00000416, that same holding would now be worth only about $469. That represents a decline of more than 95% from the original purchase value.
The example illustrates one of the defining characteristics of meme coins. Tokens capable of delivering extraordinary rallies can also experience equally severe declines once market momentum fades.
Notably, this is not just tied to Shiba Inu. Other altcoins have also corrected over 90% from their 2021 peaks. This suggests that while meme coins have struggled, the capitulation in value is a broader altcoin market issue.
For many SHIB holders, the focus now turns to the possibility of the token recovering from the ongoing price dip.
Can Shiba Inu Still Recover? Despite the steep decline, many analysts and members of the Shiba Inu community believe the project has not reached the end of its story.
For instance, analyst MMBTrader argued that Shiba Inu would soon “wake up and pump hard.” The outlook hinges on a prolonged boring accumulation and a potential descending channel breakout targeting $0.0000202. The rally would mark a 385% recovery from the current price, reaching price levels last seen in January 2025.
Interestingly, analysts are even predicting a recovery to a value near its current all-time high. Celal Kucuker projected that Shiba Inu could rally more than tenfold to $0.000070, a 1,582% growth from the current price.
However, some others remain cautious. James Wynn recently called Shiba Inu dead and boring, claiming that the token would never recover. His most notable reason is that SHIB has become old and outdated.
Another reason behind the pessimism is the enormous circulating supply. This means that meaningful price appreciation would likely require sustained demand. That, alongside continued token burns and expanding ecosystem activity, is a key requirement.
What Would It Take to Break Even? For someone who bought at the October 2021 peak, returning to the original $10,000 value would require SHIB to revisit its previous all-time high near $0.00008854.
That is a substantial move from today’s price and would depend on several factors aligning, including stronger overall crypto market conditions, renewed interest in meme coins, continued ecosystem development, and sustained demand.
History shows that Shiba Inu has delivered surprising recoveries before. For one, the meme coin rallied from $0.00000878 in June 2023 to $0.0000456 in March 2024, representing a 420% increase. However, this does not guarantee that SHIB will recover this time.
For one who bought at $0.00008854 to break even, prices must reclaim this level. From the current market price, this requires a 2,028% rise.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Large Holders Move Fast After Price Hits Local BottomShiba Inu ($SHIB) saw a sharp wave of accumulation in late June after its price touched a local low of $0.00000415 on June 25. According to CryptoQuant data cited by U.Today, the daily RSI fell to 21.84 at that point, deep into oversold territory, and investors responded almost immediately with a sustained withdrawal campaign from exchanges.
In the first 24 hours after the price bottom, net exchange outflows reached 158.35 billion SHIB. The withdrawals did not stop there. From June 25 through June 28, netflow readings remained consistently negative, meaning more tokens were leaving exchanges than entering them. Even when the price continued sliding on June 27, a fresh wave of buying pushed the four-day total to 443.2 billion SHIB removed from trading platforms.
That pattern is notable. In a typical sell-off, declining prices tend to push retail holders toward exchanges as they look to exit. Here, the dynamic ran in the opposite direction. As U.Today reported, free supply was being methodically absorbed rather than allowed to build up on order books, pointing to deliberate, large-scale positioning rather than opportunistic retail dip-buying.
Selling Pressure Persists, but Supply Is TighteningDespite the accumulation signal, SHIB remains under pressure. The token is currently trading in a tight range around $0.0000041, and selling has not fully subsided. The Crypto Basic noted that exchange reserves fell from roughly 80.5 trillion to 80.37 trillion tokens in under 48 hours, reversing a brief inflow spike seen earlier in the week when approximately 749 billion SHIB moved onto platforms around June 23 and 24.
The net result is a tighter supply picture on exchanges, even if the broader price trend has yet to reflect it. Historically, extended declines in exchange-held supply have preceded periods of consolidation or sharper directional moves once market sentiment shifts. For now, the evidence points to a market where large capital is quietly building a position while the price remains range-bound and selling pressure lingers.
Traders and investors should note that oversold technical readings and exchange outflows are useful data points but are not, on their own, confirmation of a trend reversal.
Sources:
U.Today: Shiba Inu Whales Buy Dip, Exchanges Lose 443 Billion Tokens
The Crypto Basic: Shiba Inu Investors Withdraw Over 350 Billion SHIB From Exchanges
Following the recent downturn in Shiba Inu’s price, whales have begun taking advantage of lower prices by aggressively accumulating SHIB at discounted levels.
Large investors are viewing the latest correction as a buying opportunity, withdrawing more than 400 billion SHIB tokens from exchanges within just a few days.
Exchange Outflows Accelerate Amid Price Weakness Shiba Inu remains firmly in bearish territory, with the token plunging to a five-year low of $0.00000404 on June 25. Although the asset has attempted to stabilize since then, it has struggled to mount a meaningful recovery.
Interestingly, the price decline has coincided with a sustained wave of exchange withdrawals that began on June 25. The trend suggests that investors are using the dip to accumulate SHIB and move their holdings into private wallets rather than keeping them on trading platforms.
Nearly 500 Billion SHIB Leave Exchanges in Four Days According to CryptoQuant’s exchange netflow metric, which measures the difference between exchange inflows and outflows, investors withdrew 158.35 billion SHIB from exchanges on June 25 alone.
The accumulation trend continued over the following days:
June 26: 85.72 billion SHIB withdrawn June 27: 125.55 billion SHIB withdrawn June 28: 124.15 billion SHIB withdrawn In total, investors removed approximately 494.77 billion SHIB tokens from exchanges between June 25 and June 28. Although today’s figures remain incomplete, CryptoQuant data already shows an additional net outflow of 3.3 billion SHIB from exchanges.
Shiba Inu Netflow Exchange Reserves Decline as Accumulation Intensifies As investors continue pulling tokens from trading platforms, Shiba Inu’s exchange reserves have started to decline from recent highs.
According to CryptoQuant data, SHIB exchange reserves currently stand at 80.05 trillion tokens. For comparison, reserves climbed to 80.55 trillion on June 24 after more than 700 billion SHIB flowed onto exchanges.
However, the recent wave of accumulation has reversed part of that increase. As a result, exchange reserves have fallen by approximately 0.62% from the June 24 peak.
SHIB Exchange Reserve SHIB Continues to Trade Sideways Meanwhile, Shiba Inu’s price action has remained largely unchanged despite the significant exchange outflows recorded in recent days. The token has traded sideways for several sessions and currently changes hands at around $0.000004144, giving it a market capitalization of approximately $2.44 billion.
Over the weekend, Shiba Inu also lost its position among the world’s top 30 cryptocurrencies by market cap after Tether Gold (XAUT) overtook the meme coin in the rankings.
Additionally, several indicators that could support a price recovery remain weak. Monthly token burns total less than 200 million SHIB, a negligible figure compared to the token’s massive circulating supply of 589 trillion. At the same time, several ecosystem initiatives remain unfinished, while the community enthusiasm that fueled previous rallies has slowed significantly.
Furthermore, derivatives trading continues to dominate market activity. Futures volume currently accounts for approximately 83% of Shiba Inu’s daily trading volume of $61.4 million, highlighting the market’s dependence on short-term speculation rather than sustained spot demand.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Shiba Inu has continued to perform badly over the past months and is on track to post the worst performance seen so far this year, this month.
While the month has been extremely tough for the broader crypto market, it is no surprise that the negative momentum has extended to the meme coin sector, severely affecting one of the largest meme tokens by market capitalization.
SHIB posts 24% drop in JuneData from crypto analytics platform CryptoRank shows that SHIB has dropped by more than 24% so far in June, positioning it as Shiba Inu's weakest performance this year.
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While the broader crypto market has continued to struggle amid multiple volatile sessions, the decline seen in June adds to an already mixed year for SHIB, as four out of six of the past months closed with notable negative returns.
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Although Shiba Inu showed a brief sign of recovery earlier in 2025, where it recorded decent returns of 2.72% and 4.74% in March and April, respectively, those gains struggled to hold as market pressure returned.
However, it has suffered the biggest drawdown in June, as the month saw a sharp pullback that triggered a 24% decline even before the month has ended, sparking increased concerns among investors about SHIB's potential price movement.
Shiba Inu hovers around $0.000004182With June marking Shiba Inu's largest monthly decline of the year, the meme token has dropped to the lowest price level seen this year following the recent market correction.
This substantial price decline has seen Shiba Inu drop as low as $0.000004182, dashing hopes of potentially removing another zero before the year runs out.
While it is uncertain what the next month holds for SHIB, historical records show that July has proven to be a better-performing month over the years. Hence, analysts are hopeful that the asset will mimic its historical trend and experience a major price recovery in the coming month.
Shiba Inu (SHIB) is gaining momentum, trading around $0.00000419 at the time of writing on Monday. The meme coin’s knee-jerk rebound comes after hitting a new record low of $0.0000405.
If Shiba Inu maintains its current momentum and investor appetite strengthens, the token could experience a more robust rebound, potentially positioning the price for a sustained bullish trajectory over the long term.
Shiba Inu gains momentum as retail demand returnsShiba Inu derivatives market is broadly improving, as reflected in the perpetual futures Open Interest (OI) rising to $31 million on Monday, up from nearly $18 million the day before.
This uptick marks a possible broader uptrend following the OI's drop to $26 million on Wednesday, its lowest level since September 2024. The rising OI reflects renewed risk appetite and strengthening investor confidence, supporting SHIB’s rebound.
Shiba Inu Futures OI | Source: CoinGlassInvestors are increasingly betting on higher SHIB prices, as evidenced by the OI-Weighted Funding Rate, which holds in positive territory at 0.011% on Monday, up from 0.0052% the previous day.
SHIB OI-Weighted Funding Rate| Source: CoinGlassPrice analysis: Shiba Inu rebounds but resistance caps further upsideShiba Inu trades around $0.00000419 as buyers reengage following a sharp drop to $0.00000405, the historical floor price. The Moving Average Convergence Divergence (MACD) histogram holds slightly in positive territory and is contracting, signaling the need for follow-through momentum.
Despite the ongoing rebound, SHIB holds below the next resistance level at $0.0000050. Moreover, major moving averages, including the 50-week Exponential Moving Average (EMA) at $0.0000080, the 100-week EMA at $0.0000106 and the 200-week EMA at $0.0000124, cap the upside, limiting Shiba Inu’s recovery potential.
SHIB/USDT weekly chartOn the daily chart, the MACD shows a stronger bearish bias, with the histogram deep in negative territory. The 50-day, 100-day, and 200-day EMAs at $0.0000050, $0.0000055, and $0.0000066, respectively, slope downwards, aligning Shiba Inu with a broader bearish trend.
SHIB/USDT daily chartLooking down, the all-time low of $0.00000405 serves as the primary support level. If broken, it could trigger an extended sell-off toward the next psychological levels at $0.0000030 and $0.0000020. Holding above the current level at $0.0000019 would assure traders of a potential rebound, targeting $0.0000050 in the short term.
Open Interest, funding rate FAQs Higher Open Interest is associated with higher liquidity and new capital inflow to the market. This is considered the equivalent of increase in efficiency and the ongoing trend continues. When Open Interest decreases, it is considered a sign of liquidation in the market, investors are leaving and the overall demand for an asset is on a decline, fueling a bearish sentiment among investors.
Funding fees bridge the difference between spot prices and prices of futures contracts of an asset by increasing liquidation risks faced by traders. A consistently high and positive funding rate implies there is a bullish sentiment among market participants and there is an expectation of a price hike. A consistently negative funding rate for an asset implies a bearish sentiment, indicating that traders expect the cryptocurrency’s price to fall and a bearish trend reversal is likely to occur.
Shiba Inu is on track for its weakest monthly performance of the year, as persistent selling throughout June pushed the popular meme cryptocurrency to new lows. According to figures released by crypto data platform CryptoRank, SHIB has lost more than 24% of its value since the beginning of the month, with its price dropping as low as $0.000004182.
June marks SHIB’s steepest pullback this yearVolatility has surged across the crypto market in recent weeks, and meme coins have been hit particularly hard. Among the top meme tokens by market capitalization, Shiba Inu has emerged as one of the worst performers during this turbulent period, experiencing significant declines.
June’s downturn represents a critical turning point not just for SHIB’s monthly performance, but also for its overall trajectory this year. The token has closed negatively in four of the past six months, with June’s drop standing out as the deepest loss in this timeframe.
CryptoRank’s data shows that SHIB dropped more than 24% in June, marking its weakest monthly result in 2025.
Spring rally proved short-livedEarlier in the year, Shiba Inu had occasionally shown signs of recovery. In March, SHIB posted a return of 2.72%, followed by a 4.74% gain in April, signaling a brief period of stabilization. However, these gains failed to hold, and much of the progress was quickly erased as renewed market pressure weighed on the token.
The nearly 24% slide seen by late June weakened hopes among investors that SHIB would shed another zero from its price before year’s end. With this latest correction, Shiba Inu has fallen to its lowest level of the year.
July outlook: Cautious optimism among analystsLooking ahead, there is little clarity regarding SHIB’s prospects for July. Historically, however, the asset has sometimes posted relatively stronger results during July. As a result, some analysts believe that Shiba Inu might find support for a short-term rebound if this seasonal pattern repeats.
Despite this cautious optimism, market experts note that SHIB’s fate will not depend solely on its own momentum. Overall risk appetite in the broader cryptocurrency market, investor flows, and high volatility will all continue to shape the performance of meme tokens in coming weeks.
Built on the Ethereum network and supported by a large and active community, Shiba Inu remains one of the best-known meme tokens. Community engagement and market sentiment continue to play just as significant a role in SHIB’s price swings as fundamental indicators do.
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.
Shiba Inu (SHIB) token has successfully returned to the top 30 strongest cryptocurrencies in the world, pushing out competitors thanks to coordinated buying by large-capital investors. Despite the heavy downtrend during the last week of June, whales managed to fully stop the panic selling and moved the market into a phase of quiet accumulation.
At the moment, SHIB has reclaimed the 30th spot in CoinMarketCap's ranking with a market capitalization of $2.48 billion, matching its main pursuer, Cronos (CRO), and successfully overtaking Tether's tokenized gold, XAUt.
Exchange outflows halt panic selling of SHIBThe main trend reversal is now happening not on the price chart, but in on-chain metrics. Fresh data from the analytics platform CryptoQuant reveals the internal mechanics of this comeback. After June 23, when exchange inflows sharply increased by 751.64 billion SHIB and dragged prices lower, large buyers completely seized the initiative.
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Key milestones on the way back to the top 30:
-781.227 billion SHIB: the net outflow of tokens from exchanges to private wallets recorded in just four days, from June 25 to June 29.Falling reserves: total exchange reserves of the Shiba Inu coin dropped from a peak of 87.96 trillion to 87.18 trillion tokens, fully absorbing the recent seller overhang.The withdrawal of billions of tokens into cold storage did not trigger an instant explosive rally, but it fulfilled its strategic task: it completely blocked the decline and secured the minimal percentage gains needed to return to the top 30.
Shiba Inu (SHIB) token exchange reserves since June 22 2026, Source: CryptoQuantLarge players placed a dense limit wall at the $0.00000414 level, stopping the token's decline, which stood at -10.27% for the week, and allowing it to regain lost positions in the ranking due to the weakening and drawdown of other altcoins.
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Meanwhile, SHIB's price remains tightly trapped in a narrow horizontal range between support at $0.00000414 and local resistance around $0.00000430. Since internal network drivers are absent, the further fate of this sideways structure fully depends on broader market sentiment and the inflow of speculative retail volume, which remains modest at $59.93 million.
Nevertheless, whales are already creating a supply deficit on exchanges, preparing the ground for a strong impulse at the slightest positive signal from Bitcoin.
Despite a sharp decline in the final week of June, Shiba Inu (SHIB) has regained its place among the top 30 cryptocurrencies by market capitalization. According to data from CoinMarketCap, SHIB reclaimed the 30th position with a market cap of $2.48 billion, pulling ahead of Tether Gold (XAUt) and drawing even with Cronos during this period.
Substantial SHIB outflows from exchangesWhile recent price fluctuations attracted attention, the most notable shift has been observed in on-chain activity, indicating that large investors have started to curb selling pressure. CryptoQuant reported that on June 23, there was an inflow of 751.64 billion SHIB into exchanges, which created significant downward pressure on the token’s price. However, this movement quickly reversed in the days that followed.
Between June 25 and June 29, a net 781.227 billion SHIB were withdrawn from exchanges into private wallets. This wave of outflows highlighted a reduction in the circulating supply actively available for trading. CryptoQuant, an analytics platform tracking on-chain and market flows, noted the importance of this development for SHIB’s market trajectory.
Mini glossary: Exchange reserves refer to the total amount of a cryptocurrency held on trading platforms. Net outflow means more tokens are withdrawn from exchanges than are deposited, which may signal a weakening in selling pressure.
The withdrawal of billions of SHIB from exchanges did not trigger an immediate surge, but it halted the decline and set the stage for the token’s return to the top 30.
During this same period, the total SHIB reserves on exchanges dropped from 87.96 trillion to 87.18 trillion tokens. This reduction offset much of the supply pressure that had been mounting with the recent sell-off wave.
Price consolidates in a narrow bandLarge investors established a strong buy wall at the $0.00000414 level, effectively preventing losses from extending beyond the weekly drop of 10.27%. This support enabled SHIB to climb in the rankings, buoyed further by weakness in some competing altcoins.
IndicatorLevelSupport$0.00000414Local resistance$0.00000430Weekly change-10.27%Retail volume$59.93 millionNevertheless, SHIB’s price remains trapped within a narrow trading range, stuck between the $0.00000414 support and the local resistance near $0.00000430. Despite its improved market positioning, the asset has yet to break out of this horizontal pattern.
There is currently no apparent catalyst within the network to spur new momentum, and observers believe that SHIB’s next direction will largely depend on overall market sentiment. In particular, retail-driven speculative volume has remained limited at $59.93 million, diminishing the odds of a strong near-term breakout.
The pullback of supply from exchanges by large wallets has created the foundation for a stronger price reaction if Bitcoin sends a positive signal, observers note.
Looking ahead, continued reduction of SHIB supply on exchanges by large holders could pave the way for more decisive moves, should favorable market conditions emerge. While the token has re-entered the top 30, its trajectory will likely remain tied to risk sentiment across the broader crypto landscape.
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.
Shiba Inu (SHIB), the second largest memecoin in terms of market capitalization, is currently experiencing very strong turbulence that call into question its technical structure and shake traders during this first half of the year. While the asset has just recorded its worst monthly underperformance since January, this situation draws the industry’s attention as it embodies an intense tug of war between an apparent graphical capitulation and discreet accumulation signals.
In brief Shiba Inu is going through its worst month of 2026, with a strong degradation of its technical structure and the breach of several support levels. Market indicators confirm persistent selling pressure, while futures data show a clear slowdown in speculation. Whales are adopting a strategy opposite to the market by withdrawing more than 443 billion SHIB from exchanges despite the price drop. SHIB’s evolution in the second half of the year will depend on the strength of this accumulation phase and the ability of its ecosystem to support a potential rebound. The collapse of Shiba Inu’s major supports This June is particularly critical for the Shiba Inu price, with indicators confirming its heaviest correction of the year. Several factual elements of this deterioration are revealed by market data :
The token fell to a 5-year low at $0.00000404, matching levels seen before the May 2021 rally ; The structure fits into a heavy trend as SHIB collapsed more than 38 % this year alone, after recording a massive loss of 67% last year ; The cumulative decline in June exceeded 15 %, threatening to validate the biggest monthly drop since December 2025. On a macroeconomic level, this fall was sharpened by systematic rejection of the price at technical barriers, reflecting sellers’ dominance on the order book. Data shows the memecoin suffered a resounding failure when it tried to “retest a key supply zone at $0.00000520”. This failure triggered a massive retreat during which, over a ten-day period from June 16 to 25, the token “experienced nine consecutive intraday losses”.
Momentum indicators corroborate this technical distress, with the Relative Strength Index (RSI) showing a marked bearish divergence. Thus, prices tried to stabilize while the RSI plunged to new lows. Experts keep an eye on the $0.00000457 level as the first short-term barrier before a possible slide to lower extensions.
The institutional resilience of whales Beyond the visible price degradation, capital flows in derivative markets and on-chain movements reveal a very different dynamic, without widespread panic. While small holders are affected by the decline, the Futures market shows particular caution, with massive position closures rather than a cascade of forced liquidations.
On a weekly basis, “futures inflows amount to $28.6 million against outflows of $31.9 million”, reflecting this defensive behavior. This slowdown in speculative activity paradoxically coincides with a drying up of selling volumes during market troughs, indicating that selling pressure is fading as the token approaches its historical support zones.
Such absence of capitulation is confirmed by the attitude of large wallets who take advantage of this annual decline to quietly buy tokens. CryptoQuant on-chain metrics indicate that “big investors withdrew more than 443 billion SHIB from exchanges” even while the asset reached local lows.
This massive withdrawal mechanically reduces the immediately liquid supply available for sale on exchanges, acting as a potential stabilizer against the price drop. While the base activity of the Shibarium secondary network shows brief slowdowns, the maintenance of the overall exchange reserves around 80,000 billion tokens shows that large holding structures refuse to liquidate at a loss.
Seasonal perspectives and fundamental balance for the second half of the year Given the contrasting nature of these data, the medium-term future of Shiba Inu will depend on its ability to make this whale accumulation zone a solid macroeconomic floor in case of a significant correction.
Analysts believe its speculative nature (in which it is currently wavering) could be mitigated by successive integrations into regulated finance vehicles and by the sustainability of its decentralized ecosystem.
The ongoing cleanup of the derivatives market is clearing excess leverage from the order book, allowing a healthier reconstruction of price structures approaching the end of the second quarter. This stability remains crucial to reassure the developer community who continue to build the token valuation infrastructure.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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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.
Revolut has published the internal hiring playbook behind its growth, revealing that it reviewed more than 1 million applications last year to fill roughly 1,000 roles, with an acceptance rate of nearly 0.1%.
The London fintech framed the disclosure as a free blueprint for founders, arguing that small teams of exceptional people consistently outperform large teams of average performers.
Talent Density Over HeadcountRevolut said it grew from 100 employees in 2017 to more than 12,000 in 2025, and that maintaining that pace meant rebuilding its standard recruitment process from scratch.
The blueprint comes from QuantumLight, the quantitative venture firm founded by Revolut CEO Nik Storonsky, which first published it in 2025 alongside the close of a $250 million debut fund and now runs it across its portfolio.
The rise has been steep. Revolut’s valuation climbed from $45 billion in 2024 to $75 billion in a November sale, a 67% jump that made it Europe’s most valuable private tech company.
It serves more than 65 million customers and posted a record annual profit of $2.3 billion in 2025.
That momentum has funded faster expansion, including a $116 million France push backed by President Emmanuel Macron.
Hiring for Attitude Over ExperienceThe playbook argues that scale-ups should hire for ambition and trajectory rather than decades of tenure. Revolut said it favors leaders with 7 to 8 years of experience, or contributors with 2 to 3 years, who can grow with the company.
It said it had replaced senior executives with hungrier junior hires.
“Density scales. Bureaucracy doesn’t.,” Revolut explained in its post.
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Nearly every role passes through three structured interviews. The first is a problem-solving case study in which candidates receive no data until they ask for it, testing how they reason under uncertainty.
The second, which Revolut calls the Bar Raiser, borrows a name and method from Amazon, which has used them since 1999: a dedicated interviewer can veto any candidate who would not rank above half of current peers. The third test management judgment.
Revolut also replaced outside recruiters with an internal team on quota-based pay, arguing agencies do not optimize for long-term quality.
Why it MattersThe model has drawn interest from rival banks. JPMorgan chief Jamie Dimon recently voiced admiration for Revolut’s speed, even while criticizing crypto reform.
“I’m jealous, damn it. You watch these people. They move,” Bloomberg reported, citing Dimon.
Revolut keeps pushing outward. It opened its first bank outside Europe in Mexico this year and continues leaning on digital assets, teasing a physical crypto card as it widens banking services.
The disclosure also serves Storonsky’s venture fund, which sells the same system to founders. Whether a model marketed by Revolut’s own backer suits slower, regulated rivals remains unclear.
The most profitable World Cup trade this month was not a Polymarket bet on Spain or France. It was a Tinder boom that helped lift Match Group (MTCH) stock.
The stock had slumped about 12% before the tournament began on June 11. It has since climbed roughly 13%, erasing those losses and pushing back near its highs for the year.
Match Group (MTCH) Stock Performance. Source: TradingViewPrediction Markets Grabbed the HeadlinesSports betting drove most of the World Cup money story. On Polymarket, the tournament winner market has drawn hundreds of millions of dollars in wagers, with Spain and France the narrow favorites.
The buzz around World Cup prediction markets was easy to see. Sector open interest hit a record $1.48 billion in mid-June as fans piled into match outcomes.
Yet the smarter equity trade ran through dating apps. Match Group, the parent of Tinder and Hinge, watched its shares rebound as fresh engagement data reached investors.
Inside Tinder’s World Cup jumpTinder logged its gains in the tournament’s first six days, from June 11 to 16. Compared with June 2025, US matches jumped almost 60%, while total users rose 15%.
JUST IN: The World Cup is causing a massive surge in Tinder activity, with matches up nearly 60% in the U.S.
— Polymarket (@Polymarket) June 29, 2026 Follow us on X to get the latest news as it happens
Across the 16 host cities in the United States, Mexico, and Canada, activity from international fans climbed 47%, according to data reported by Fast Company. The figures track the influx of traveling supporters.
That timing mattered. The data circulated in late June, just as Match Group shares closed at $37.17 on June 26 after a 6.4% jump.
Match Group (MTCH) Stock Performance. Source: Google FinanceThe Quieter World Cup TradeThe rebound lands on a longer turnaround story. Tinder had shed users for nearly two years, drawing activist investors Elliott Investment Management and Starboard Value, who pushed for change and a new chief executive.
In March, Tinder registrations returned to year-over-year growth for the first time in almost two years, while Hinge revenue grew 28%. New CEO Spencer Rascoff framed the shift in the company’s first-quarter results.
Tinder works better today than it did before. Our product changes are resonating with Gen Z and driving improvements in leading indicators.
A World Cup engagement bump fits that narrative, which is why investors rewarded it. While bettors split their money between Polymarket and Kalshi, Match Group offered a calmer way to trade the same event.
Even so, the average analyst target sits near $40, a consensus Moderate Buy that leaves limited room above current levels.
The caution is in Match Group’s own numbers. Tinder paying users still fell 5% in the first quarter, so engagement has not yet become revenue.
With the final set for July 19, the test is whether the swiping outlasts the tournament. A few traders banked millions on Polymarket, but the cleaner bet was the stock.
Anthropic’s Claude AI models are now running natively on Nvidia’s GB300 Blackwell Ultra systems through Microsoft Azure. The deployment marks the culmination of a partnership announced in November 2025 that involved $15 billion in combined investments into Anthropic and a staggering $30 billion compute commitment.
The numbers behind the deal Microsoft is investing up to $5 billion in Anthropic. Nvidia is putting up an even larger chunk, committing up to $10 billion. Together, those investments pushed Anthropic’s valuation to an estimated $350 billion.
Anthropic pledged to purchase $30 billion in Azure compute capacity. On top of that, the company committed to utilizing up to 1 gigawatt of computing power from Nvidia’s Grace Blackwell and Vera Rubin systems.
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The hardware itself is delivering results that justify the price tag. Azure’s ND GB300 v6 virtual machines set a new benchmark during testing, achieving inference throughput exceeding 1.1 million tokens per second per rack.
Why cloud coverage matters Claude is now accessible across all three major cloud providers: AWS, Azure, and Google Cloud. Having native presence on each one eliminates a major barrier for potential customers who happen to run their infrastructure on a non-Amazon platform.
The competitive dynamics here are worth watching. Google Cloud hosts Claude as well, despite Google having its own Gemini models. Microsoft has its deep partnership with OpenAI. And AWS has its investment in Anthropic too. Every major cloud provider is now simultaneously a partner and a competitor in the AI model space.
The infrastructure arms race and what investors should watch By investing $10 billion in Anthropic while simultaneously supplying the GPU infrastructure that Anthropic runs on, Nvidia has created a flywheel. More investment means more compute purchases, which means more Nvidia hardware deployed, which generates more revenue, which funds more investments.
Anthropic’s commitment to up to 1 gigawatt of computing power puts it in the same conversation as data center operators and energy companies, not just software firms.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin (CRYPTO: BTC) is in an interesting spot from a technical perspective, according to a popular trader that outlined his trading approach for the short term.
In a podcast on June 28, heavily followed trader Crypto Banter said he is fully positioned for what he calls "Scenario A," a strong relief rally from current levels toward $72,000.
Bitcoin’s support around the high-$58,000 to low-$60,000 range, combined with weekly bullish divergence and Fibonacci confluence, makes this an attractive accumulation zone, the trader said.
He placed his invalidation below $57,400, adding that a break beneath that level would increase the probability of a much deeper move.
"I’ve gone long in the markets. I’m long on Bitcoin. I’m long on multiple altcoins and I’m going to continue building altcoin positions,” he added.
The trader’s first Bitcoin profit target sits at $67,000, followed by a second target near $71,000, expecting the move to play out over the next one to two weeks.
Altcoins On The RadarBeyond Bitcoin, the trader has opened or is building positions in several major altcoins:
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Key Takeaways Q1 fiscal 2027 earnings for Constellation Brands are scheduled for Tuesday, June 30, following market close Wall Street forecasts a 4.7% year-over-year revenue decrease Shares have climbed 7.3% in the past month, currently priced at $145.70 Consensus analyst price target of $176.09 represents approximately 21% upside potential Historical performance shows several revenue misses against analyst projections in recent quarters Constellation Brands (STZ) plans to unveil its fiscal 2027 first-quarter financial performance on Tuesday, June 30, following the conclusion of regular trading hours. CEO Nicholas Fink and CFO Garth Hankinson will host an earnings conference call the following day at 8:00 a.m. Eastern Time.
Constellation Brands, Inc., STZ
Shares of STZ are presently valued at $145.70, reflecting a 7.3% gain during the previous 30-day period. The consensus price target among analysts stands at $176.09, indicating a potential upside of approximately 21% from current levels.
Analysts anticipate revenue will contract by 4.7% compared to the same quarter in the prior fiscal year. This projected decline is marginally better than the 5.5% decrease recorded during the corresponding period twelve months ago.
In the most recent quarterly report, Constellation disclosed revenues totaling $1.92 billion — representing an 11.3% year-over-year decline. While the company exceeded organic revenue projections, it disappointed on full-year earnings per share guidance, delivering mixed signals to the market.
Constellation’s track record over the past 24 months reveals multiple instances where actual revenue fell short of Wall Street expectations. Throughout the last month, analysts have predominantly maintained their projections, indicating limited anticipation of significant deviations from current estimates.
Sector Performance Context The consumer staples industry has demonstrated solid momentum entering this earnings season. Share prices across the sector have advanced an average of 5.6% over the trailing month.
Among comparable companies, McCormick has already released results. The company surpassed revenue expectations and delivered 16.7% year-over-year sales expansion. McCormick’s stock surged 7.3% following the announcement.
The beer division at Constellation — featuring flagship brands Corona Extra and Modelo Especial — continues to drive the majority of business performance. Meanwhile, the wine and spirits segment, encompassing The Prisoner Wine Company, Robert Mondavi, and High West Whiskey, has encountered headwinds.
Critical Factors for Tuesday’s Report The primary focus when results are announced will be whether actual revenue performance exceeds or falls short of the projected 4.7% contraction.
Management’s earnings per share guidance will receive significant scrutiny. The previous quarter’s guidance shortfall on this metric created investor uncertainty, and market participants will be monitoring whether leadership revises, maintains, or improves its forward outlook.
The Wednesday morning conference call provides CEO Nicholas Fink an opportunity to address business momentum and provide updates on strategic priorities.
Financial results will be released after market hours on Tuesday, June 30, with the management discussion scheduled for 8:00 a.m. Eastern Time on Wednesday, July 1.
For more details, visit the official Cryptobriefing platform.
TL;DR The Cardano Foundation has urged Stake Pool Operators to actively vote on governance actions. The foundation advised SPOs not to rely on automatic abstention. The issue matters because Cardano’s governance model depends on visible, accountable participation. Cardano Foundation Pushes For Active Governance The Cardano Foundation has urged Stake Pool Operators, or SPOs, to vote on upcoming governance actions rather than allowing automatic abstention to stand in for a decision.
It is not the kind of update that moves like a meme coin headline, but it matters for Cardano’s long-term structure. Governance systems only work if the people with responsibility actually participate. If too many operators default to abstaining, the network may still have rules on paper, but the decision-making process becomes weaker in practice.
For readers who do not live inside Cardano governance, SPOs are important because they help operate the network and represent a meaningful part of its decentralized infrastructure. Their voting behavior can shape whether proposals receive real scrutiny or simply pass through a system where too many participants stay on the sidelines.
Why Auto-Abstaining Is A Problem Automatic abstention may sound neutral, but in governance it can create a quiet accountability gap.
A vote is a signal. It tells the network where participants stand, what they support, what they reject, and what they are willing to defend publicly. Abstention can be valid when an operator genuinely lacks enough information or has a conflict. But if abstention becomes the default, the system loses some of its transparency.
That is likely why the Cardano Foundation is pushing SPOs toward active participation. Decentralized governance is not just about having many participants. It is about those participants doing the work: reading proposals, forming views, and voting in a way that users can evaluate.
The message is especially relevant as Cardano continues to develop its governance framework. A decentralized system can still become passive if the people inside it treat governance as background noise.
The Bigger Cardano Takeaway For ADA holders, this is not a price prediction story. It is a network-health story.
Strong governance does not guarantee stronger price action, but weak governance can become a long-term risk. If major decisions are made with limited engagement, users may start questioning how decentralized or accountable the process really is.
The foundation’s call also highlights a broader issue across crypto. Many networks talk about decentralization, but participation is hard. Voting takes time. Proposals can be technical. Incentives are not always clear. That is why governance often needs repeated reminders and social pressure, not just software.
Cardano has built much of its identity around formal governance and decentralization. For that identity to hold up, SPOs need to show up. The foundation’s message is essentially that abstention should be a considered choice, not a default setting.
For readers, the useful approach is to treat this as a signal to monitor rather than a standalone trading call, because confirmation still has to come from follow-through in price, flows, and broader market behavior.
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This article was written by the News Desk and edited by Samuel Rae.
Arkham Intelligence, the onchain analytics platform, has launched a system designed to identify the best-performing prediction markets traders, the firm said Monday.
“The rating uses an Elo/MMR-style system that ranks traders based on prediction accuracy,” Arkham said in a post to X. “Every correct prediction that a trader makes will increase their Elo score relative to other traders. Correct predictions at lower odds will increase a traders Elo by more than correct predictions at higher odds.”
Unlike profit-and-loss rankings, Arkham's system prioritizes accuracy over the amount of money wagered or earned, which means smaller traders with stronger win rates can outrank larger, more profitable traders.
The launch comes as trading volumes on the two dominant prediction markets platforms, Polymarket and Kalshi, continue to climb. Arkham's rankings appear to be, for now, focused on ranking Polymarket traders.
Expand Chart
Arkham pointed out that the Polymarket trader with the highest Elo-ranked, known as “GardenerCx,” enlists a strategy focused on “trading crypto up/down 5 minute markets with incredible accuracy” with a win rate of 64.3% over 2,644 bets.
Rankings are available on Arkham's prediction markets analytics page.
Major tech companies like DraftKings, Robinhood, Meta and Coinbase are all developing or broadening their own prediction markets offerings.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
TL;DR CryptoQuant flagged that Gate.io’s Bitcoin whale share reportedly tripled to 16%. The firm said the last 30 days showed $79.3 million in whale inflows, up 11.6% from the prior window. The signal matters because whale inflows held even as BTC traded below $60,000. Bitcoin Whale Flows Stay Resilient On Gate CryptoQuant has flagged a notable exchange-flow signal, saying Gate.io’s Bitcoin whale share tripled to 16% and held through the latest drawdown.
According to the update, BTC traded below $60,000 during the Q2 weakness, but whale flows on the exchange remained resilient. The last 30 days reportedly recorded $79.3 million in whale inflows, up 11.6% compared with the prior window.
For traders, this is interesting because whale behavior can tell a different story from price alone. Price shows the market result. Flow data can help explain who may be active underneath that result. If larger wallets keep moving coins into a venue during a drawdown, the market has to ask whether they are preparing to sell, reposition, arbitrage, or absorb liquidity.
Why This Signal Needs Careful Reading Whale inflows are not automatically bullish.
In some contexts, exchange inflows can be a warning sign because coins moving to exchanges may be sold. In other contexts, especially when tied to specific venues and broader positioning data, inflows can point to larger players becoming more active while retail sentiment is weak.
That is why the Gate.io detail matters but should not be over-simplified. A rising whale share means larger wallets are accounting for a bigger portion of activity. It does not prove accumulation by itself. It does show that the exchange’s flow mix has changed during a difficult period for Bitcoin.
The timing is also important. BTC being below $60,000 keeps the market on edge. When price is weak and whale flows rise, traders often split into two camps. One sees smart money stepping in. The other sees potential supply preparing to hit the market. The truth often depends on what happens next: whether price stabilizes, whether exchange balances rise or fall, and whether spot demand improves.
What Bitcoin Needs Next The clean confirmation would be a stabilization in BTC price alongside healthier demand signals.
If Bitcoin reclaims key levels while whale activity remains elevated, traders may read the Gate.io data as part of a broader absorption story. If price keeps falling and inflows continue, the same signal may look more like distribution or risk transfer.
This is why flow data works best as context, not as a standalone trading system. It can sharpen the read, but it does not replace price structure.
For now, CryptoQuant’s update adds one important clue: larger Bitcoin wallets did not disappear during the drawdown. They remained active, and on Gate.io their share of activity rose sharply. In a fearful market, that is worth watching.
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This article was written by the News Desk and edited by Samuel Rae.
SemiAnalysis noted in a report that multiple recent U.S. economic data releases are rife with noise. The upward revision to first-quarter (Q1) GDP was primarily driven by a decline in imports; one-third of May’s personal income growth came from one-time farm relief payments; the surge in PCE (Personal Consumption Expenditures) inflation was led by energy prices; and the sharp drop in durable goods orders stemmed from a reversal in aircraft orders. All these idiosyncratic factors are set to mean-revert, and stripping them out would reshape the broader economic landscape. Tariff-driven goods inflation is a one-time level shock that will drop out of year-over-year data in roughly 12 months, but consumers’ real purchasing power has been permanently reduced and will not recover even as inflation cools. Goods inflation has now outpaced services inflation, reflecting the pass-through effect of tariffs. SemiAnalysis argues that despite macro data volatility, AI-related capital expenditure is a real and sustained trend. Equipment and software contributed 1.55 percentage points to Q1 GDP growth, four times the contribution from consumer spending. Core capital goods orders rose 1.6%, and AI data center construction is rapidly expanding its share of the economy, with no mean reversion in sight.
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Arthur Hayes has revealed a $2.2 million investment in Synapse’s SYN token after backing its Hypercall options DEX, helping drive the token as much as 26% higher on Monday.
Summary
Arthur Hayes disclosed a $2.2 million SYN purchase after backing Synapse’s Hypercall options DEX. Hayes said Hypercall could challenge Deribit as he seeks asymmetric exposure to the Hyperliquid ecosystem. SYN surged as much as 26%, while falling futures open interest pointed to profit-taking after the rally. According to a June 29 post on X by BitMEX co-founder Arthur Hayes, he sees Hypercall, an options decentralized exchange built by the Synapse team and settled on Hyperliquid, as a credible challenger to crypto options exchange Deribit.
Explaining why he backed the project, Hayes wrote that he still wanted exposure to the Hyperliquid ecosystem but was looking for a more asymmetric opportunity.
“I still want to be long the Hyperliquid ecosystem but I need some asymmetry. It’s time for an options dex to properly take on Deribit. Hypercall, owned by SYN, is that challenger.”
On-chain data from Arkham later showed Hayes purchased 6.16 million SYN tokens worth about $2.2 million from Flowdesk. The purchase came shortly after his public endorsement and coincided with a sharp rally in the token.
Hayes has pointed to tokenomics behind the investment Alongside his endorsement of Hypercall, Hayes shared a post by crypto investor Duncan, writing, “DYOR – but I found this pretty compelling.”
In the thread Hayes reposted, Duncan argued that SYN offered an attractive risk-reward profile because it had an estimated fully diluted valuation of about $81 million, no venture capital unlock overhang, roughly 88% of its supply already circulating, and listings on major exchanges including Binance and Kraken.
Duncan also compared SYN with Hyperliquid’s HYPE during its early rally, calling it one of the most asymmetric investment opportunities he has seen in crypto. According to Duncan, Hypercall also expands the utility of the SYN token through revenue mechanisms such as buybacks.
The endorsement comes only days after Hayes reduced exposure to several other digital assets. As previously reported by crypto.news, he exited positions in Worldcoin, Zcash, NEAR and Hyperliquid after arguing that higher energy prices, large artificial intelligence IPOs and political uncertainty could weigh on crypto markets.
More recently, he also sold 6,000 Ethereum at a loss despite having accumulated nearly $10.6 million worth of ETH in the preceding days, even as other large investors continued buying around a key support zone.
Traders lock in profits after the rally As per data from crypto.news, Synapse (SYN) price initially climbed about 26% following Hayes’ comments before giving back part of those gains as traders took profits. Even after the pullback, the token remained up more than 1,100% over the past month, having outperformed much of the crypto market during a period of heightened volatility.
Derivatives data suggested the rally was followed by profit-taking. SYN futures open interest fell 13% during the previous four hours to $31.98 million, although it remained about 5% higher over the past 24 hours.
Exchange-level data showed the largest declines in open interest occurred on Binance, where it dropped roughly 15%, followed by more than 14% on Bitget and around 10% on MEXC. The reduction in outstanding positions indicates that some traders used the surge in liquidity after Hayes’ endorsement to close positions rather than open new leveraged bets.
