Key Highlights An Ethereum wallet associated with Vitalik Buterin sent 7,000 ETH valued at $11.06 million to a fresh address This transaction followed approximately twelve months of wallet dormancy Blockchain intelligence suggests the transfer could precede a centralized exchange deposit This address had earlier transferred 1,300 ETH ($3.19 million) that subsequently landed on Paxos The originating wallet maintains a balance of 20,001 ETH, currently valued near $31.6 million On June 27, blockchain observers detected significant activity from wallet address 0xD04, which has connections to Ethereum co-founder Vitalik Buterin. The address initiated a transfer of 7,000 ETH to a previously unused wallet, representing approximately $11.06 million at prevailing market rates.
Blockchain surveillance platform Onchain Lens identified and reported the transaction. Notably, this wallet had remained inactive for nearly a full year prior to executing this significant transfer.
Experts analyzing blockchain data indicate the transferred assets will likely find their way to a centralized exchange platform, drawing this conclusion from the wallet’s established transaction patterns.
This recent activity isn’t unprecedented for this particular address. In a prior transaction, the wallet moved 1,300 ETH valued at roughly $3.19 million. Those digital assets ultimately were deposited with Paxos, a compliance-focused cryptocurrency infrastructure provider.
Historical Transaction Patterns Suggest Exchange Destination The consistent activity pattern exhibited by this wallet has prompted on-chain intelligence analysts to forecast that a centralized exchange deposit represents the probable destination for the recently transferred ETH.
Onchain Lens specializes in surveillance of prominent and publicly-identified cryptocurrency addresses for transactional movements. The platform detected and reported this transfer within moments of its confirmation on Ethereum’s distributed ledger.
As of publication, the receiving wallet had not initiated any outbound transactions with the transferred funds. Market participants and blockchain analysts continue monitoring the address for subsequent activity.
Following this substantial outflow, the 0xD04 wallet continues to hold 20,001 ETH, representing a dollar value of roughly $31.6 million. This indicates that the majority of the address’s digital asset holdings remain unaffected.
At the moment of transfer execution, Ethereum was changing hands at approximately $1,583, reflecting a modest 2% increase over the preceding 24-hour period.
Implications for Ethereum Market Observers Substantial cryptocurrency movements from prominent wallets consistently generate discussion within digital asset markets. Market participants frequently monitor transfers from influential addresses as potential indicators of distribution or selling pressure.
Nevertheless, relocating funds to a different wallet doesn’t necessarily confirm liquidation intent. Asset transfers may serve various purposes including enhanced security protocols, custodial reorganization, or administrative requirements without any disposition plans.
Vitalik Buterin has maintained public transparency regarding his ETH holdings and has executed numerous transactions throughout the years for philanthropic contributions and various other objectives.
Ethereum’s transparent blockchain architecture ensures that any transaction originating from addresses connected to prominent individuals becomes instantly observable to the broader public.
Blockchain analytics platforms such as Onchain Lens have democratized access to real-time wallet monitoring capabilities for the general public.
This 0xD04 address transaction represents another demonstration of how distributed ledger transparency provides market observers with immediate insight into the behavior of significant token holders.
Neither Vitalik Buterin nor any authorized representatives have issued public commentary explaining the rationale behind this particular transfer.
At the time of article publication, the receiving wallet had not forwarded the transferred assets to any cryptocurrency exchange platform.
Spot Bitcoin and Ethereum ETFs just posted their seventh straight day of net outflows. For an asset class that was supposed to open the floodgates for institutional capital, the persistence of the bleed is starting to raise uncomfortable questions. On June 26, Bitcoin ETFs shed $445 million and Ethereum counterparts lost $12.848 million, according to the original report from WuBlockchain citing SoSoValue data.
The weeklong run of redemptions strips away the gloss from the spot ETF narrative. Both products had been pitched as passive entry ramps for cautious institutions. Instead, the flow data suggests a market that is either taking profits or quietly repositioning ahead of potential headwinds. The Bitcoin figure dwarfs Ethereum’s, but the direction is the same—and the cumulative signal matters more than the daily size.
Investors Pull Back as Uncertainty Builds Seven days of outflows is not a blip. It reflects a shift in the behavior of the money that moves these products. ETF creation and redemption activity is driven by authorized participants and large traders, not retail nibbling. When that cohort steps back, it usually means the arbitrage or directional case has weakened. The timing aligns with a period when the broader macro backdrop is offering fewer easy cues, and the crypto-specific catalysts have turned thin.
What’s notable is that the outflows hit Bitcoin far harder than Ethereum. The gap—$445 million versus under $13 million—tells its own story. Bitcoin ETFs have deeper liquidity and a more mature institutional base, so they act as the fastest exit valve. Ethereum ETFs, still building their audience, are less responsive. But the steady Ethereum drain, even if small, suggests that the sentiment is not asset-specific. It’s a sector-wide cooling.
Parallel market signals reinforce the caution. The broader tokenization market attracted heavy institutional attention in the same period, with real-world asset deals moving billions. That contrast—outflows from pure crypto ETFs while tokenized traditional assets gain traction—hints at a rotation rather than a broad retreat. Institutions haven’t abandoned digital assets; they’re just repricing where and how they want exposure.
Regulatory Noise and a Bifurcated Market Another factor weighing on ETF demand is the mess in Washington. A high-stakes legislative battle is unfolding just days before a Senate vote on landmark crypto legislation. Banks are pushing for last-minute changes that could reshape how digital assets are regulated. For ETF investors who rely on clear rules of the road, the sight of eleventh-hour political maneuvering is not a buy signal. It adds a layer of binary risk that professional desks tend to discount by reducing exposure until the outcome is known.
Meanwhile, the altcoin market is ignoring the ETF gloom. Some altcoins logged triple-digit weekly gains, driven by project-specific catalysts and fresh liquidity flowing outside the ETF wrapper. That divergence shows the limits of reading broad market health from ETF flows alone. The spot products capture institutional sentiment, but a large part of the market still operates on different time horizons and risk appetites.
What Comes Next The immediate question is whether the outflows accelerate or stabilize. Historically, ETF flow streaks tend to cluster because redemption activity is often programmatic—if a key arbitrage spread closes or a risk limit is breached, the selling can feed on itself for days. The hope is that this is a tactical unwind rather than a structural exodus. But the longer the streak extends, the more it colors the narrative around institutional demand.
Market participants will now watch two things. First, whether Ethereum ETF flows start to catch up with Bitcoin’s, which would confirm a broad-based withdrawal. Second, whether any regulatory clarity or macro shift interrupts the pattern. Until then, the spot ETFs are telling a story that no one in the crypto market wanted to hear: the easiest institutional money might already be leaving.
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Peter Mwangi is an accomplished crypto news writer with over three years of experience. He is recognized for producing insightful, well-researched content across major crypto publications. As an expert in blockchain technology, digital assets, and decentralized finance, he can uniquely simplify complex topics into engaging, accessible narratives. His strong storytelling and analytical skills, combined with a passion for continuous learning and collaboration, make him a valuable asset to the BlockchainReporter team.
An Ethereum wallet identified as 0xD04, allegedly connected to Ethereum co-founder Vitalik Buterin, made a notable transaction on June 27. This wallet transferred 7,000 ETH—valued at roughly $11.06 million at the time—to a previously unused address. The sizable move caught the attention of the crypto community, which closely follows any activity linked to major Ethereum stakeholders.
Wallet activity resumes after a yearThe blockchain analytics platform Onchain Lens detected the transaction moments after it was confirmed on the Ethereum network. According to Onchain Lens, the wallet in question had shown no significant activity for nearly 12 months prior to this transfer. As one of Ethereum’s founding figures, Vitalik Buterin’s on-chain movements continue to be of keen interest to both investors and analysts in the crypto space.
Onchain Lens reported that the address linked to Vitalik Buterin moved 7,000 ETH to a new wallet following a full year without notable activity, suggesting—based on similar past transactions—that the assets might ultimately end up on a centralized platform.
Analysts monitoring blockchain data believe the transfer could eventually lead to a deposit on a major exchange. This assessment comes from previous transaction patterns observed with this wallet address. However, as of the time of reporting, there has been no further movement from the newly funded wallet.
Past transactions show a similar patternPreviously, the same wallet transferred 1,300 ETH, which ultimately arrived at Paxos. Paxos is a well-known fintech company providing regulated digital asset custody, transfer, and stablecoin infrastructure.
Glossary: Paxos is a regulated financial technology company specializing in crypto asset custody, transfer, and stablecoin infrastructure. Its name frequently appears in on-chain flows directed toward centralized exchanges or institutional service providers.
This prior example has reinforced expectations that the latest 7,000 ETH transfer might follow a similar trajectory. Still, a movement between wallets alone does not necessarily signal an intent to sell. Large transfers can be made for reasons ranging from enhanced security to custodial or administrative requirements.
TransactionAmountApproximate valueStatusLatest transfer7,000 ETH$11.06 millionSent to a new walletPrevious transfer1,300 ETH$3.19 millionLater reached PaxosRemaining balance20,001 ETH$31.6 millionHeld in walletMarket closely watches the new addressFollowing this transaction, the 0xD04 wallet retained a balance of 20,001 ETH, with an estimated value of $31.6 million. In other words, a substantial portion of the assets tied to this address remains unmoved.
No outgoing transactions have been initiated from the new wallet, leaving the purpose of the transfer—whether for a sale, restructuring, or security—unclear at this stage.
During the transfer, the price of Ethereum hovered near $1,583, up about 2% over the previous 24 hours. While major moves by large wallets attract significant market attention, on-chain data alone is not always enough to reveal the underlying intention.
Neither Vitalik Buterin nor his representatives have provided public comments explaining the rationale behind the transfer. Blockchain analysts and market participants continue to monitor the recipient wallet’s next steps for clues regarding future actions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ethereum is currently trading at around $1,579.52 following a modest 24-hour recovery. Despite the short-term uptick, technical indicators show persistent downward pressure. The price remains below several key thresholds, making analysts cautious about the near-term outlook. Failure to reclaim these critical levels signals continued market uncertainty for the world’s second-largest cryptocurrency.
Key resistance and short-term outlookAnalyst Ted Pillows notes that Ethereum has revisited its recent lows and momentum continues to be subdued. According to Pillows, the $1,750 level stands out as a primary resistance area. If Ethereum can break above and hold this zone, a relief rally toward the $1,980 to $2,000 range could develop. The next significant supply region is observed near $2,079, representing a further challenge for bullish traders.
Ted Pillows believes that reclaiming $1,750 as support could pave the way for Ethereum to recover toward the $1,980 to $2,000 band.
Conversely, if Ethereum fails to surpass $1,750, any upward movements may remain short-lived. In this scenario, the price could slide back to test $1,560, and if weakness continues, a further pullback to $1,500 or even $1,370 may occur.
Volume zone as a decision pointAli Charts, a well-known crypto analyst, highlights that Ethereum has been trading within a significant volume block between $1,584 and $1,683. Within this range, roughly 4 million ETH have changed hands, making it a major decision zone for the market’s next direction. Ali Charts, who is renowned for his on-chain and market-based analyses, emphasizes the importance of this price band.
If Ethereum manages to hold this volume zone as support, renewed upside potential could target the $1,980 and $2,079 marks. However, a dip below $1,584 and failure to reclaim that level would suggest a weakening structure, raising the possibility of renewed pressure toward the $1,500 and $1,370 support regions.
Data from large investors indicates continued pressureAn assessment shared by analyst Darkfost reveals that the unrealized profit ratios of large Ethereum wallets have turned negative. This shift suggests that major investors are now in loss territory, creating market stress similar to capitulation scenarios seen in previous cycles, such as in 2019.
The transition of large holders into losses does not necessarily mean a bottom is imminent for Ethereum, but it does highlight a significant area of stress for the market.
Within this framework, the $1,584 to $1,500 range remains important in the short term. Should selling pressure intensify, the wider range between $1,370 and $1,070 could emerge as the next major buy zone. While some analysts like Cyclop see strong demand building in this band, others believe close attention is warranted around the $1,300 to $1,200 levels over the longer term.
Overall outlook remains cautiousFor now, the most decisive bullish signal for Ethereum would be holding the $1,584 to $1,683 support zone, followed by a successful retest of $1,750. Until these milestones are reached, any rebound is likely to be fragile. To the downside, the $1,500 and $1,370 levels are crucial, while the $1,980 to $2,000 region remains the main focus for any sustained upward move.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The same streak follows the Ethereum ETFs as mass withdrawals continue to dominate.
The spot exchange-traded funds tracking the two largest cryptocurrencies by market cap have continued their highly adverse streak, making it now seven consecutive weeks in the red.
The last five trading days were particularly painful as the spot BTC ETFs recorded their second-worst performance in terms of net flows since their inception two and a half years ago.
Spot BTC ETFs Bleed Hard CryptoPotato has repeatedly reported on the poor performance of the spot Bitcoin ETFs, but the two weeks before the one that ended on June 26 brought some glimmer of hope. Although both were still in the red, the actual withdrawals were more modest, $316 million and $227 million, respectively, down from the $1.72 billion during the first week of June.
However, investors stepped up on the withdrawal button hard once again, pulling out $1.79 billion in total from the funds. This made it the worst week in terms of net flows since late February 2025, when the number stood at $2.61 billion.
The cumulative total net inflows have dropped to $51.61 billion. Recall that the number stood at above $59.30 billion by the middle of May. This means that the ETFs have lost almost $8 billion in less than two months.
If we break the data down to daily net outflows, Thursday stands out as the most painful day with $696 million leaving the funds, followed by $469 million on Wednesday, $444.5 million on Friday, and a more modest $90.66 million on Monday and $68 million on Tuesday.
Spot Bitcoin ETFs Net Flows. Source: SoSoValue The continuous outflows from the ETFs are among the most evident reasons why the underlying asset’s price keeps struggling as it plunged to a new multi-year low of $58,000 a few days ago. Analysts are convinced that the flows have to stabilize before BTC has a chance of a more profound recovery.
You may also like: Bitcoin Didn’t Lose to Gold, the Rotation Story Is Wrong: Analyst Bitcoin Holds Key Price Floor Despite Weak Bullish Signals: Bitfinex Alpha Crypto Institutional Flows Turn Negative as $8B Exits in 30 Days ETH ETFs in Red, Too The landscape around the spot Ethereum ETFs is not that much different, just the scale is smaller. The funds have been in the red for seven consecutive weeks as well, and the net outflows from the past week were a lot higher than the previous two. More specifically, the ETFs bled $15 million during the second week of June and $10 million during the third. During the last one, though, investors took out $273.34 million.
The total net flows have dropped from $12.09 billion in mid-May to well under $11 billion as of Friday’s close. Tuesday and Thursday saw the most net withdrawals, with $82.35 million and $81.87 million, respectively.
22% And 17% Are The Magic NumbersA June survey by Pew Research Center shows that 22% of Republicans have invested, traded or used cryptocurrency, compared with 17% of Democrats.
This is compared to prior years when crypto ownership rates between the two groups were largely similar, CNBC reported on June 21.
Pew found Republican crypto adoption has climbed six percentage points since 2021, while Democratic participation has remained relatively unchanged.
Morning Consult data cited in the report showed the divide began emerging around mid-2023 and accelerated during the 2024 election cycle.
By Q2 of 2025, nearly 28% of Republicans had bought or sold crypto in the prior 12 months, compared with 17% of Democrats.
"It’s hard to de-couple the rise of GOP crypto adoption from the Trump family’s embrace of it," said Morning Consult analyst Eli Yokley.
"There’s no Obama coin," he added. "There are Trump coins and Melania coins."
Trump’s Crypto PivotThe shift coincides with President Trump’s transformation from crypto skeptic to one of the industry’s most visible advocates.
In 2019, Trump publicly criticized cryptocurrencies, calling them unregulated and linked to illicit activity.
His administration has also promoted policies aimed at making the U.S. the "crypto capital of the world," including efforts to expand banking access for digital asset firms.
Bigger Divide May Be GenderWhile politics has become a growing factor, experts argue gender remains the strongest predictor of crypto adoption.
Morning Consult data shows roughly 74% of crypto traders are men.
Among investors under age 45, men have traded cryptocurrencies at roughly double the rate of women over the past four years. Between 2022 and 2026, crypto participation among younger men ranged from 38% to 42%, compared with 13% to 16% for younger women.
Analysts attribute the gap to differences in risk tolerance and attitudes toward speculative investing in sports betting and prediction markets.
Image: Shutterstock
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A newly created wallet was reported as receiving 18,361 ETH, valued around $28.91 million in the supplied setup.The flow was linked to FalconX over a nine-day period in the supplied research pack.The setup remains market-analysis context. Do not state that this is guaranteed direct open-market buying; custody movement or broker balancing may be possible. https://x.com/EyeOnChain/status/2070701025640812635
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Large institutional-style eth movement into a newly created wallet On-Chain Data Shows Newly Created Wallet Accumulates More Than $28 Million in Ethereum is one of the market setups traders are watching as crypto attempts to stabilize after recent volatility. The signal is useful because it points to a clear market level, flow, or positioning theme that can be checked against live data.
This setup surfaced through the X/social discovery lane, which is used as an idea sensor only. It should not be treated as a source of record on its own. The relevant data still needs to be checked against market charts, derivatives dashboards, or on-chain records before readers draw conclusions.
What the available data shows A newly created wallet was reported as receiving 18,361 ETH, valued around $28.91 million in the supplied setup. The flow was linked to FalconX over a nine-day period in the supplied research pack.
That matters because crypto markets often move around concentrated liquidity zones, wallet flows, exchange positioning, and broader macro pressure before those signals become obvious in price. The strongest version of this setup is one where the highlighted level or flow continues to hold after live validation.
Why traders are watching this setup The setup gives traders a defined framework rather than a vague bullish or bearish view. For Ethereum, the key question is whether the current signal reflects durable positioning or a short-lived reaction inside a volatile range.
Market structure remains fragile. Bitcoin direction, liquidity conditions, derivatives positioning, and macro volatility can still override otherwise clean technical or on-chain setups. That is why the signal is best understood as a watchpoint, not a prediction.
Risk and invalidation context Do not state that this is guaranteed direct open-market buying; custody movement or broker balancing may be possible. Spot ETH was checked at $1,581.56 in the supplied market validation.
If the highlighted level fails, if the wallet flow turns out to be internal custody movement, or if derivatives positioning flips quickly, the interpretation should change. The article should therefore be read as a current market snapshot rather than a guarantee of future price action.
What to verify next The next step is external confirmation. For this setup, the validation path is: Trace destination address 0x6437F4b66f1Da888C3714405CA2A2897715CF565 on Etherscan or Arkham. Until that confirmation is reviewed, the setup should remain market-analysis context rather than a confirmed directional forecast.
Traders should also watch liquidity, volume, and daily close structure. Those factors will decide whether this signal becomes a durable theme or another short-lived reaction inside a volatile crypto session.
This report is based on publicly available market and on-chain data.
This article was written by the News Desk and edited by Samuel Rae.
U.S.-listed ETFs have seen inflows exceeding $1 trillion so far this year, with full-year inflows expected to surpass $2 trillion, hitting a new all-time high.
The Kobeissi Letter stated that the U.S. is experiencing an unprecedented ETF boom. Data shows that year-to-date 2026, U.S.-listed ETFs have attracted over $1 trillion in inflows, and at the current pace, they are on track to exceed $2 trillion by year-end, setting a new all-time high. If annual ETF inflows surpass $2 trillion, this will mark the fourth consecutive year of growth in annual ETF inflows, 33% higher than the 2025 record, an increase of roughly $500 billion. Meanwhile, 700 ETFs have launched so far this year, also on pace for an annual record. June alone saw 186 ETFs listed, the highest monthly issuance figure in history. The ETF industry is expanding at a record pace.
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Base releases post-mortem report on network outage: User funds remain safe, root cause is a vulnerability in sequencer block construction logic.
Base engineering team released a post-mortem report on the June 25 block production outage, noting that Base mainnet suffered two separate block production interruptions on June 25 and June 26. The first incident occurred at 11:47 ET on June 25, lasting 116 minutes; the second took place at 11:28 ET on June 26, lasting 20 minutes. Both events shared the same root cause. Chain integrity remained unharmed, and all funds on Base are secure. Block production resumed safely after the team mitigated the issues. The root cause was a bug in the sequencer’s block construction logic: after a transaction validation failure, expired log states were not cleared. An invalid transaction was received by the block builder and failed as expected, but the system incorrectly retained log states including accessed accounts and storage slots. A subsequent valid transaction was processed before the log states could be properly cleared, leading to a gas fee calculation mismatch and a sequencer block containing invalid state transitions. Other nodes rejected this block, causing the entire chain to halt. During the outage, Base could not produce new L2 blocks, sequencer and validator nodes could not advance past the invalid block, and new transactions could not be posted on-chain. The team fixed the interruptions by deploying a patch to the sequencer to ensure proper log state updates during execution. Base stated it will strengthen protocol fuzz testing and load testing tools to more easily identify adversarial transaction patterns that could expose similar vulnerabilities, and will continue to improve operational and monitoring capabilities.
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Analysis: Retail investors appear to be shifting funds from gold and Bitcoin to semiconductor stocks.
The Kobeissi Letter stated that retail investors appear to be shifting away from gold and Bitcoin toward semiconductor stocks. Data shows that since April, U.S. gold ETFs and Bitcoin ETFs have recorded a combined net outflow of $12 billion; over the same timeframe, U.S. semiconductor ETFs have pulled in a total of $20 billion in inflows. This trend accelerated in mid-May, with outflows from gold and Bitcoin funds surging more than threefold, while inflows into semiconductor ETFs doubled. On the price front, GLD, the largest U.S. gold ETF, has declined 13% since early April, while IBIT, the largest Bitcoin ETF, has fallen 12% over the same period. By contrast, semiconductor ETFs SOXX and SMH have gained 81% and 60% respectively. Retail investors are driving the market in an unprecedented manner.
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Bloomberg: Sell-off in chip stocks drags U.S. stocks to end lower this week, as AI valuation concerns weigh on market performance.
U.S. stocks closed lower this week, weighed down by the ongoing slump in chip stocks, Bloomberg reported. While a University of Michigan survey showed long-term inflation expectations came in below forecasts, easing some concerns about interest rate hikes, that failed to offset selling pressure in chip stocks. Steve Sosnick, chief strategist at Interactive Brokers, noted the S&P 500 briefly turned positive during the session before erasing gains quickly, mirroring multiple failed rebound attempts investors have seen this week. Worries over AI valuations have spread from Asian markets to U.S. trading. Two prominent Chinese hedge funds said AI stocks are in a bubble that could burst. Shares of Japan’s SoftBank Group fell after The New York Times reported OpenAI may delay its IPO until 2027. South Korea’s KOSPI index triggered a trading halt for the second time this week due to a sharp drop in chip stocks, later paring some of those losses. In the U.S., data from Bank of America showed investors pulled capital out of U.S. stocks for the first time in three months, with outflows hitting $8.5 billion. Cameron Dawson, chief investment officer at Newedge Wealth, said a key question is whether the market has the patience to wait for returns on investments from hyperscale cloud providers. Richard Reyle, chief investment officer at Questar Capital Partners, said he will not buy large-cap tech or AI stocks at current levels, as their dominance is weakening; the Magnificent Seven and Bitcoin peaked nine months ago and have yet to recover. Separately, crude oil prices extended declines as tanker traffic through the Strait of Hormuz remained steady. Brian Jacobsen, chief economic strategist at Annex Wealth Management, said the peak in energy prices is behind us, leaving room for headline inflation to cool, though price pressures have not fully vanished.
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SYRUP rose over 31% in 24 hours, currently trading at $0.155.
According to HTX market data, Maple Finance (SYRUP) has surged over 31% in the past 24 hours, currently trading at $0.155.
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ECB Executive Board Member: Further Interest Rate Hikes Expected
European Central Bank (ECB) Executive Board member Isabel Schnabel warned that even if a U.S.-Iran peace deal reopens the Strait of Hormuz, price pressures could still run higher than expected. Speaking on Saturday, Schnabel said, "There are upside risks to inflation for food, goods and services," adding that energy price shocks could spill over into broader sectors. While she welcomed the recent decline in energy prices amid prospects of a U.S.-Iran peace deal, she cautioned that a ceasefire should not be a reason to lower guard. "Uncertainty remains high, but the announced peace deal reduces the likelihood of negative scenarios," she noted. Even so, oil prices are projected to stay elevated, as the Strait of Hormuz will only reopen gradually. Schnabel, considered the most hawkish member of the ECB Governing Council, reiterated that "the ECB will likely raise interest rates further to bring inflation back to the 2% target over the medium term." She added that consumer inflation expectations have risen, though there are no signs of wage pressures yet. (Jin10)
A proposal on Ethereum Research suggests redirecting part of staking rewards toward public goods funding. Supporters see sustainable decentralized funding, while critics warn of protocol-level overreach. The proposal is not approved and should be treated as an early governance debate. Staking Economics And Ethereum Governance: Why This Story Matters Ethereum Protocol Debate: Diverting Staking Rewards for Public Goods Funding Sparks Controversy has become one of the stronger weekend crypto stories because it sits at the intersection of price action, market structure, and the kind of narrative that traders tend to follow closely when the broader news cycle slows down.
The key point is not simply that the proposal was published on ethresear.ch. It is that the development gives the market a fresh way to judge whether the current crypto environment is being driven by genuine network adoption, regulatory progress, liquidity shifts, or short-term speculation.
The Main Details According to the official source material, the proposal was published on ethresear.ch. The report also notes that it suggests a protocol-level mechanism to redirect a portion of staking rewards to public goods funding.
That distinction matters because crypto markets often move first on headlines and only later separate durable developments from short-lived momentum. In this case, the verified boundaries are especially important: Do not claim this is approved or scheduled for a hard fork.
Market Context For traders, the story arrives at a moment when crypto assets are still trying to define a clearer direction. Bitcoin remains the anchor for broader sentiment, but altcoin narratives are increasingly being judged on their own fundamentals, including usage, liquidity, compliance, treasury activity, and developer progress.
That makes this development relevant beyond a single token or company. If the underlying trend proves durable, it could help shape how investors evaluate Ethereum, ETH, Staking, Governance, Public Goods over the coming weeks. If it fades, however, it may become another example of a strong weekend narrative that struggled to translate into sustained market follow-through.
What To Watch Next The next important question is whether the market receives further confirmation from primary sources, dashboards, official announcements, or on-chain data. Follow-up disclosures, exchange data, governance updates, or wallet activity could all help clarify whether this is an isolated headline or the start of a broader theme.
Readers should also watch whether liquidity responds. In crypto, even fundamentally meaningful developments can fail to move prices if traders remain defensive, leverage is being unwound, or capital is rotating into other sectors. That is why this story should be read alongside broader market structure rather than in isolation.
This report is based on information from Ethereum Research.
This article was written by the News Desk and edited by Samuel Rae.
Is this a "massive opportunity" for accumulation or is there more to the story?
The world’s largest altcoin felt the pain of the overall market weakness over the past week, dropping to just over $1,500 for the first time in well over a year.
The asset remains below key support levels, including $1,800, which holds a particular significance in its long-term potential, according to popular analyst Michaël van de Poppe.
ETH Below $1.8K Means… The market observer believes ETH sliding below $1,800 is a “massive opportunity” and that day traders should avoid it, as it’s “not really attractive” here. The chart below paints a clear picture, showing that the asset has been in a clear downtrend for months. It peaked at almost $5,000 last summer, but it has plunged by nearly 70% since then to the current $1,600.
However, there’s finally light at the end of the tunnel as the asset is “making a potential strong bullish divergence on many levels that would indicate that ETH is going to follow Bitcoin.”
Perhaps the biggest catalyst for future price gains in the crypto market, especially for tokens like ETH, which some analysts believe would benefit more than BTC, is the CLARITY Act. The bill, expected to be signed into law in the US this year, should increase regulatory clarity on the entire market in the US.
Van de Poppe says ETH is currently following a classic “sell the rumor, buy the news” type of price action. He also named $1,505 and $1,385 as the next levels at which ETH would present a “tremendous buying opportunity” if it gets there. Overall, though, he believes markets are not eager to go down more, and he doubts ETH will drop to those levels.
“I much rather see a clear breakthrough at $1,800 and see these levels as strong opportunities to be accumulating more positions.”
ETHUSD: van de Poppe Chart on X 3 in a Row Ethereum’s native token is just days away from creating history but in a negative manner by ending a third consecutive quarter in the red. Despite its previous bear cycles, it has never done this but it would require nothing short of a miracle to avoid it now. It closed with a 28.28% drop in Q4 2025, another 29.26% decline in Q1 2026, and is down by more than 24% in Q2 as of press time.
You may also like: Bitcoin (BTC) Dips Below $62K, Ethereum (ETH) Plunges 6% Daily: Market Watch 5 Reasons Why Bitcoin Just Crashed Below $63K as Liquidations Top $500M Bitmine Buys 52K ETH as Tom Lee Believes the Best Years for Crypto Are Still Ahead ETH Quarterly Returns. Source: CoinGlass With June almost gone, investors have focused on July now. Ted Pillows brought some hope for the bulls, indicating that ETH has historically seen a bounce back in July. This has been particularly true in 2020, 2021, 2022, and 2025. ETH has posted notable gains in those July, all of which followed a red June.
On-chain records in the supplied pack point to a trader opening high-leverage short exposure across Bitcoin and Ethereum.The reported short exposure includes around 912 BTC and 10,000 ETH, with a combined notional value near $70 million.The setup remains market-analysis context. Do not promote leverage or describe the trade as a strategy readers should copy. https://x.com/EyeOnChain/status/2070519940533350461
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High-net-worth derivatives positioning as a sign of ongoing defensive sentiment Whale Activity Shows High-Leverage Short Positions Re-Opened on Bitcoin and Ethereum is one of the market setups traders are watching as crypto attempts to stabilize after recent volatility. The signal is useful because it points to a clear market level, flow, or positioning theme that can be checked against live data.
This setup surfaced through the X/social discovery lane, which is used as an idea sensor only. It should not be treated as a source of record on its own. The relevant data still needs to be checked against market charts, derivatives dashboards, or on-chain records before readers draw conclusions.
What the available data shows On-chain records in the supplied pack point to a trader opening high-leverage short exposure across Bitcoin and Ethereum. The reported short exposure includes around 912 BTC and 10,000 ETH, with a combined notional value near $70 million.
That matters because crypto markets often move around concentrated liquidity zones, wallet flows, exchange positioning, and broader macro pressure before those signals become obvious in price. The strongest version of this setup is one where the highlighted level or flow continues to hold after live validation.
Why traders are watching this setup The setup gives traders a defined framework rather than a vague bullish or bearish view. For Bitcoin, the key question is whether the current signal reflects durable positioning or a short-lived reaction inside a volatile range.
Market structure remains fragile. Bitcoin direction, liquidity conditions, derivatives positioning, and macro volatility can still override otherwise clean technical or on-chain setups. That is why the signal is best understood as a watchpoint, not a prediction.
Risk and invalidation context Do not promote leverage or describe the trade as a strategy readers should copy. The same trader was reported as recently locking in about $4.4 million in profit before reopening short positions.
If the highlighted level fails, if the wallet flow turns out to be internal custody movement, or if derivatives positioning flips quickly, the interpretation should change. The article should therefore be read as a current market snapshot rather than a guarantee of future price action.
What to verify next The next step is external confirmation. For this setup, the validation path is: Cross-check the wallet address 0xaeaab54bbf65bfd6efed7d2eb68372298e3c2416 on Arkham and derivatives data where available. Until that confirmation is reviewed, the setup should remain market-analysis context rather than a confirmed directional forecast.
Traders should also watch liquidity, volume, and daily close structure. Those factors will decide whether this signal becomes a durable theme or another short-lived reaction inside a volatile crypto session.
This report is based on publicly available market and on-chain data.
This article was written by the News Desk and edited by Samuel Rae.
Blockchain intelligence firm AMLBot has confirmed the Polymarket supply-chain attack total at approximately $3.1 million in PUSD across 11 user wallets, with funds bridged from Polygon to Ethereum and converted to ETH. Polymarket has pledged full refunds but has not named the compromised vendor.
Blockchain intelligence firm AMLBot has fixed the total stolen in Thursday's Polymarket supply-chain attack at approximately $3.1 million in PUSD, providing the first forensically confirmed on-chain dollar figure and tracing the stolen assets from Polygon to Ethereum. On-chain investigator Specter, which published the first public alert, identified more than 11 victim wallets.
AMLBot posted the revised tally on Saturday, two days after on-chain investigators first flagged the drain. The figure revises earlier estimates upward and, for the first time, pins both the dollar amount to a single on-chain intelligence source. AMLBot said it continues to monitor affected accounts as the investigation proceeds.
From Front-End to BridgeThe attack, covered by The Defiant on Thursday, began when a compromised third-party vendor injected malicious JavaScript into Polymarket's website. The code targeted user transactions at the front-end layer; Polymarket's smart contracts on Polygon were untouched. Polymarket confirmed fewer than 15 accounts were affected, consistent with scope described by on-chain security researchers tracking the wallets in real time.
On-chain investigator Specter published the first public alert and identified the attacker's primary consolidation address on Ethereum: `0xe65b1C586757c5510B60F998Eebb14C1eF71E1eD`. PeckShield confirmed the stolen funds were bridged from Polygon to Ethereum and then swapped into roughly 1,893 ETH. Bubblemaps independently counted fewer than 15 affected accounts and estimated $3 million in losses being refunded.
PUSD is Polymarket's native collateral token, a Polygon-based ERC-20 minted 1:1 against USDC.e through the platform's on-chain collateral contracts. Deployed in April 2026 per on-chain records, PUSD operates exclusively within the platform and carries no external exchange listing, so the attacker had to convert it to ETH to exit. The token held its $1.00 peg throughout the incident, per PolygonScan data for the pUSD contract on Polygon.
Refund Commitment, Vendor Still UnnamedPolymarket posted on X Thursday morning saying it had contained the attack, removed the malicious dependency, and would refund impacted users in full. William LeGate confirmed the repayment would be total, adding in a second post that there were "no user 'losses.'" The platform has not publicly named the compromised vendor across any channel since the incident was disclosed.
Initial independent estimates put the theft at $2.94 million, based on on-chain wallet tallies by Specter Analyst, while PeckShield and other firms rounded to roughly $3 million. AMLBot's Saturday update lifts the confirmed total by approximately $160,000 from Specter's initial read.
TechCrunch reported that a Polymarket spokesperson confirmed the breach but declined to provide further detail. Security researchers at CyberInsider and BleepingComputer both classified the incident as a supply-chain attack, the type where a downstream dependency injects hostile code into a trusted application, rather than a direct protocol exploit.
Platform ContextThe platform currently holds $432 million in total value locked on Polygon, per DefiLlama. Security trackers cataloguing Q2 2026 DeFi incidents have counted the June 25 Polymarket attack among a sustained wave of supply-chain and front-end compromises targeting DeFi infrastructure in 2026.
Polymarket has committed to refunding affected users in full but has set no public timeline for completion and has not disclosed the identity of the third-party vendor whose compromise triggered the attack.
The Dogecoin triple zigzag Elliott Wave pattern suggests where the meme coin could find a possible final low before a rebound toward $0.20.
Dogecoin (DOGE) currently changes hands at $0.0733, down 2.95% over the past 24 hours. While the recent price movement already shows weakness, the larger chart pattern indicates DOGE could drop further below $0.04 before ending the ongoing correction.
Dogecoin Triple ZigZag Pattern Shows Ongoing Correction Based on the Elliott Wave count, the entire structure on the daily chart suggests an ongoing corrective move, not the start of a new uptrend.
The correction has played out in three separate phases: W, Y, and Z. Each phase contains its own three-part structure, beginning with an “a” wave decline, followed by a “b” wave rebound that often makes buyers believe the correction has ended, before a final “c” wave decline brings the strongest selling pressure.
Between these corrective phases, Dogecoin formed X waves, which acted as short-lived rallies before the broader downtrend resumed. These movements make up what Elliott Wave theory calls a triple zigzag, one of the most bearish corrective formations.
Earlier Dogecoin Declines The first corrective phase, Wave W, pushed Dogecoin down from its December 2024 high of $0.48 to around $0.13 by April 2025. After reaching that level, the market entered its first X wave, lifting the price back to about $0.26 by May 2025 before sellers took control again.
The market then entered Wave Y, which followed another three-wave decline and eventually dropped to $0.10 by October 2025.
After the drop, Dogecoin attempted another recovery through a second X wave, but this rally was much weaker than the previous one. Notably, the price climbed only to around $0.20 during October 2025, suggesting that buyers were no longer able to produce a stronger recovery.
Final Wave Could Push Dogecoin to $0.039 Chart data shows that Dogecoin is now trading inside Wave Z, the third and final stage of the larger corrective pattern. Within this phase, the “a” wave pushed prices lower from late 2025 into early 2026, ending at $0.10 in February 2026.
Dogecoin Triple ZigZag Pattern After reaching this low, Dogecoin moved into a “b” wave recovery that carried the price to around $0.1184 by May 2026. However, that rebound has now failed. At roughly $0.0733, Dogecoin has already fallen nearly 40% from the $0.1184 peak.
Meanwhile, the market has repeatedly failed to stay above $0.08, as sellers continue to step in whenever prices rise during the day. These signs confirm that the “c” wave of Wave Z is now in progress.
The earlier corrective phases also guide what could happen next. Specifically, during Wave W, the c wave dropped about 69% from the b wave high. In Wave Y, the same move measured roughly 66%, giving an average decline of 67%.
If the current c wave follows a similar pattern from the $0.1184 b wave high, the final Dogecoin low could come in near $0.039 to $0.040.
Potential Dogecoin Recovery After Correction Ends Although the current outlook remains bearish, the Elliott Wave theory also suggests a possible recovery once the correction finishes. A completed triple zigzag would mark the end of the corrective cycle that started after Dogecoin reached its peak in December 2024.
The chart projects a move higher after Wave Z reaches its final low. If this plays out, Dogecoin could recover toward the $0.18 to $0.20 range as a new bullish trend begins.
However, this depends on the market first forming and confirming the Wave Z bottom through a clear structural reversal. So far, neither the expected bottom nor that confirmation has appeared, meaning the current downtrend remains in place.
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.
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
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Dogecoin is trading at $0.073, down by more than 3% today, and something is about to make things worse. DOGE is entering its statistically worst month of the year with no confirmed catalyst in sight. What the seasonal data reveals about the next 7 days is not comfortable for holders.
Nine consecutive red Junes. That is the streak DOGE carries into mid-2026, with data confirming the current weakness stems from a technical breakdown in a risk-off market environment. Another metric puts the average June return at -7.29%, with a median loss of 9.94% across the streak. Applied to the current price, that average loss projects DOGE near $0.07 by month-end — and Long Forecast’s model goes further, projecting a 15.6% drop in July that could push the coin toward $0.066.
Will Dogecoin dip further?
Discover: The Best Crypto to Diversify Your Portfolio
Can Dogecoin Hold $0.07 Support or Is a Deeper Drop Coming?DOGE is trading near $0.075, holding slightly above a key support zone around $0.074. Recent selling pressure pushed the price lower, while trading volume remained elevated during the decline. That points to persistent distribution rather than a sharp panic-driven selloff.
Momentum remains weak but not deeply oversold. RSI is hovering near neutral territory, suggesting sellers still have room to press prices lower. Meanwhile, technical signals continue to lean bearish, with resistance clustered around $0.080, followed by the $0.085 area.
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If DOGE maintains support above $0.074 and market sentiment improves, a recovery toward $0.080–$0.085 becomes possible. A rebound in Bitcoin could help drive that move, especially if buyers return near current levels.
The most likely near-term outcome is consolidation between $0.074 and $0.082. Price action has already shown repeated reactions around these levels, while momentum indicators remain mixed, and conviction from either side is limited.
However, a decisive break below $0.074 could expose the next support zone near $0.070. In that scenario, bearish momentum may accelerate as traders reduce risk and buyers wait for stronger signs of stabilization.
Discover: The Best Token Presales
Maxi Doge Eyes Early-Mover Upside as Doge Tests Critical LevelsDOGE, sitting 82% below its late-2024 peak, is in a drawdown that prompts traders to reassess meme coin exposure entirely. The original memecoin’s upside from current levels is capped by heavy resistance overhead and a seasonal headwind lasting at least another month. That gap between risk and potential return is exactly what rotational capital looks for.
Maxi Doge ($MAXI) is positioning itself as the presale-stage alternative for traders who want meme coin exposure without the baggage of an asset sitting deep in a nine-year seasonal downtrend. The project has raised $4.8 million at a current price of $0.0002826, an ERC-20 token built around a “1000x leverage trading mentality.”
Its community structure includes holder-only trading competitions with leaderboard rewards, a Maxi Fund treasury for liquidity and partnerships, and dynamic staking APY. The branding leans hard into gym-culture meme humor (“Never skip leg-day, never skip a pump”), which has demonstrated real viral traction in the meme coin space.
Research Maxi Doge here.
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Cover image via U.Today 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.
The Dogecoin X account highlighted a common misconception about the dog coin in a recent X interaction.
Alex, MyDoge CTO, asked the question of who was building Dogecoin across market cycles. The post named the core Dogecoin team, the Dogecoin Foundation, House of Doge, MyDoge, and DogeOS, along with "hundreds of ecosystem projects" as those who continue to build Dogecoin across various market cycles.
'But Dogecoin has no developers?' The official Dogecoin X account responded, seeking to debunk a common misconception about the dog-themed cryptocurrency.
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Previously, there was a misconception that Dogecoin did not have developers, which was clarified on the official Dogecoin website. Dogecoin has had developers from its inception, according to the Dogecoin website.
History of Dogecoin DevelopmentBilly Markus, co-creator of Dogecoin along with Jackson Palmer, served as the solo developer for the first Dogecoin Core releases. In 2014, when both co-founders left Dogecoin development, a new development team was formed. Over the years, the Dogecoin development team has consisted of a small group of maintainers coordinating the work of several contributors.
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In 2015, beginning with Dogecoin Core 1.10.0, the Dogecoin development team decided to re-fork Dogecoin off Bitcoin, reapplying Litecoin changes on top of the Bitcoin codebase. Thus, throughout its history, Dogecoin inherited already feature-complete codebases and has shared a good part of its identity with Bitcoin.
In the future, additional efforts and resources will be directed toward improving Dogecoin so that it can achieve its goal of being a people's currency. This will require a combination of part-time contributions, volunteers, and developers and engineers.
In recent developments, the Such App, which launched in beta in May, has received a new update. Beta users can now generate and share their unique invite code for the Such Beta.
In June, House of Doge partnered with MoonPay to bring native Dogecoin deposits to more than 6,000 merchants worldwide, powered by MoonPay Commerce.
The official X account of Dogecoin has issued a new statement to counter the widespread belief that the cryptocurrency lacks active developers. Addressing ongoing questions about who is shaping Dogecoin through various market cycles, the post highlighted the core team, Dogecoin Foundation, House of Doge, MyDoge, DogeOS, and hundreds of other projects powering the ecosystem.
Official response to misconceptionsThe debate emerged after MyDoge CTO Alex raised questions about who has been developing Dogecoin amid market swings. In reply, the official Dogecoin account underscored, “But doesn’t Dogecoin have developers?” signaling just how common this misconception has become.
The official Dogecoin account stressed that, contrary to rumors, development is driven not just by a core team but also by a wider network encompassing ecosystem projects.
This clarification echoes earlier information published on Dogecoin’s official website. According to the site, Dogecoin has had developers ever since it was created, and it cannot be considered ownerless or devoid of technical support.
A look back at Dogecoin’s developmentBilly Markus, one of Dogecoin’s co-founders, played a pivotal role with Jackson Palmer in the early days. Markus initially served as the sole developer on the first versions of Dogecoin Core. After the two founders stepped back from development in 2014, a new team was assembled to continue the project.
Over the following years, development transitioned to a structure where a small group of maintainers coordinated contributions from a diverse set of collaborators. This open-source, decentralized approach is common among community-driven projects.
It’s been noted that Billy Markus was the sole developer on the first Dogecoin Core releases, and following the founders’ 2014 departure, a new team took the reins of development.
Links to Bitcoin and LitecoinThe Dogecoin development team made a crucial decision in 2015 with Dogecoin Core 1.10.0, shifting the project’s codebase to align more closely with Bitcoin. Later, enhancements made in Litecoin were also integrated. As a result, for much of its history, Dogecoin has relied on robust, battle-tested codebases and shares a substantial technical heritage with Bitcoin.
Glossary: Dogecoin Core is the primary client software for the network. This open-source application handles vital functions like transaction verification and enforcing network protocols.
Recent innovations and expansionRecently, Dogecoin has turned its focus toward product and payment-oriented developments. In May, Such App, an application launched in beta, rolled out a new update. Beta users now have the ability to create and share their own invite codes for the platform.
In June, House of Doge partnered with MoonPay, integrating with MoonPay Commerce to provide native Dogecoin deposit support to over 6,000 merchants worldwide. House of Doge is known for spearheading the commercialization of innovative Dogecoin-focused ventures.
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.
Analyst Ali Martinez highlighted a TD Sequential buy signal on DOGE’s daily chart. The setup depends on DOGE holding the key $0.073 support level. The signal is technical commentary, not a guarantee of a rally. Dogecoin is showing a TD Sequential buy signal on the daily chart.
— Ali Martinez (@ali_charts) June 26, 2026
Technical Setup And Invalidation Level: Why This Story Matters Dogecoin Flashes Key Technical Buy Signal After Plunging to 3-Year Lows has become one of the stronger weekend crypto stories because it sits at the intersection of price action, market structure, and the kind of narrative that traders tend to follow closely when the broader news cycle slows down.
The key point is not simply that ali Martinez flagged a TD Sequential buy signal on DOGE’s daily chart. It is that the development gives the market a fresh way to judge whether the current crypto environment is being driven by genuine network adoption, regulatory progress, liquidity shifts, or short-term speculation.
The Main Details According to the official source material, Ali Martinez flagged a TD Sequential buy signal on DOGE’s daily chart. The report also notes that the invalidation/support level identified is $0.073.
That distinction matters because crypto markets often move first on headlines and only later separate durable developments from short-lived momentum. In this case, the verified boundaries are especially important: Do not guarantee upside or present as investment advice.
Market Context For traders, the story arrives at a moment when crypto assets are still trying to define a clearer direction. Bitcoin remains the anchor for broader sentiment, but altcoin narratives are increasingly being judged on their own fundamentals, including usage, liquidity, compliance, treasury activity, and developer progress.
That makes this development relevant beyond a single token or company. If the underlying trend proves durable, it could help shape how investors evaluate Dogecoin, DOGE, TD Sequential, Technical Analysis over the coming weeks. If it fades, however, it may become another example of a strong weekend narrative that struggled to translate into sustained market follow-through.
What To Watch Next The next important question is whether the market receives further confirmation from primary sources, dashboards, official announcements, or on-chain data. Follow-up disclosures, exchange data, governance updates, or wallet activity could all help clarify whether this is an isolated headline or the start of a broader theme.
Readers should also watch whether liquidity responds. In crypto, even fundamentally meaningful developments can fail to move prices if traders remain defensive, leverage is being unwound, or capital is rotating into other sectors. That is why this story should be read alongside broader market structure rather than in isolation.
This report is based on information shared by Ali Martinez on X.
This article was written by the News Desk and edited by Samuel Rae.
Dogecoin (DOGE) is currently trading just above a key support zone between $0.072 and $0.075, following a week of volatility. While analysts caution that the short-term outlook is still fragile, they point to the importance of this support zone in maintaining the possibility of a broader rally towards the $1 level in the long run. Whether the meme-inspired cryptocurrency can rebound from its current position is a central question for both traders and long-term investors.
Short-term focus on crucial supportAfter a downward move throughout June, DOGE found stability within the $0.072 to $0.075 range. Technical analysis suggests that if buyers can decisively defend this level, it may form a short-term bottom, raising hopes for a relief bounce in the near future.
In such a scenario, the first upside targets are seen at $0.088 and then the psychological barrier of $0.10. Should bullish momentum gain further traction, DOGE may retest resistance between $0.127 and $0.131, opening the door for a broader recovery.
According to analysts, defending the $0.072 to $0.075 level is critical for preserving short-term recovery prospects in Dogecoin.
Room for long-term growth remainsOn longer-term charts, Dogecoin continues to trade above its main support zone near $0.056. This level has proved resilient after previous tests, and analysts suggest that as long as it holds, there is a technical roadmap toward a target around $1.05.
This ambitious target largely correlates with the 1.618 Fibonacci extension zone. From current prices, a move to this level would signify a more than 1,600% surge. However, for such a significant move to materialize, DOGE would first need to reclaim the major resistance between $0.21 and $0.29, providing solid technical footing for a broader rally.
Recovery scenario still uncertainDespite the technical potential, the overall picture remains highly speculative and does not yet confirm a lasting rebound for Dogecoin. If the price slides convincingly below the immediate support, it could weaken the short-term bottom structure and delay hopes for a larger rally.
Should DOGE fall beneath its recent lows, it’s likely to remain confined within a broader, consolidative range. Therefore, the next directional signal from this support area will be key, not only for short-term price action but also for validating or invalidating longer-term bullish targets.
Dogecoin’s inability to stay above its current support zone could see the recovery scenario pushed back, as sellers regain control and volatility persists.
For now, market participants are paying close attention to both immediate and medium-term technical signals, aware that the fate of potential rallies hinges on the resilience shown at this critical level.
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.
Elon Musk promoted X Money with fiat payment features including Visa integration and peer-to-peer transfers. Dogecoin and other crypto assets were not included in the initial operational scope described in the promo. The distinction matters because DOGE traders have long speculated about eventual X payments integration. Introducing X Money with Visa card integration and P2P payments.
— Elon Musk (@elonmusk) June 26, 2026
Doge Community Expectations Versus Fiat-Only Launch: Why This Story Matters Dogecoin Left Out? Elon Musk Teases X Money Visa Integration Operating Exclusively in Fiat has become one of the stronger weekend crypto stories because it sits at the intersection of price action, market structure, and the kind of narrative that traders tend to follow closely when the broader news cycle slows down.
The key point is not simply that the X Money promotional material highlights Visa integration, savings accounts and peer-to-peer payments. It is that the development gives the market a fresh way to judge whether the current crypto environment is being driven by genuine network adoption, regulatory progress, liquidity shifts, or short-term speculation.
The Main Details According to the official source material, the X Money promotional material highlights Visa integration, savings accounts and peer-to-peer payments. The report also notes that the initial rollout is fiat-based.
That distinction matters because crypto markets often move first on headlines and only later separate durable developments from short-lived momentum. In this case, the verified boundaries are especially important: Do not state that X has ruled out crypto forever.
Market Context For traders, the story arrives at a moment when crypto assets are still trying to define a clearer direction. Bitcoin remains the anchor for broader sentiment, but altcoin narratives are increasingly being judged on their own fundamentals, including usage, liquidity, compliance, treasury activity, and developer progress.
That makes this development relevant beyond a single token or company. If the underlying trend proves durable, it could help shape how investors evaluate Dogecoin, DOGE, Elon Musk, X Money, Payments over the coming weeks. If it fades, however, it may become another example of a strong weekend narrative that struggled to translate into sustained market follow-through.
What To Watch Next The next important question is whether the market receives further confirmation from primary sources, dashboards, official announcements, or on-chain data. Follow-up disclosures, exchange data, governance updates, or wallet activity could all help clarify whether this is an isolated headline or the start of a broader theme.
Readers should also watch whether liquidity responds. In crypto, even fundamentally meaningful developments can fail to move prices if traders remain defensive, leverage is being unwound, or capital is rotating into other sectors. That is why this story should be read alongside broader market structure rather than in isolation.
This report is based on information shared by Elon Musk on X.
This article was written by the News Desk and edited by Samuel Rae.
Cardano founder Charles Hoskinson has highlighted the success of Midnight’s Glacier Drop as a major driver of new user adoption for the Cardano ecosystem.
In a recent commentary, Hoskinson described the Midnight project as a success story, pointing to the impact of its Glacier Drop campaign. Beyond distributing tokens to eligible participants across multiple blockchain ecosystems, he emphasized that the initiative introduced thousands of users from rival networks to Cardano’s infrastructure for the first time.
Glacier Drop Attracts Users From Multiple Blockchains: Hoskinson According to Hoskinson, the airdrop attracted holders from Bitcoin, XRP, and several other blockchain ecosystems. To claim their NIGHT tokens, eligible users had to interact directly with the Cardano network. Notably, many participants used Cardano wallets and decentralized applications for the first time to complete the redemption process.
Midnight is a privacy-focused partner chain designed to deliver programmable privacy features for enterprises and real-world applications while remaining connected to the broader Cardano ecosystem.
Through the Glacier Drop initiative, Midnight distributed NIGHT tokens to users across ecosystems such as the XRP Ledger, Bitcoin, and Solana instead of limiting eligibility to Cardano holders alone.
Users who held at least $100 worth of eligible native assets qualified for the airdrop and became eligible to receive a share of the NIGHT token allocation.
To complete the claim, participants had to:
Visit the Glacier Drop portal. Sign a transaction using their wallet on the originating blockchain. Provide an unused Cardano address as the destination wallet. Receive their NIGHT tokens directly on the Cardano network. Hoskinson Sees the Process as an Onboarding Engine Hoskinson believes this redemption model will serve as a powerful onboarding mechanism for Cardano.
By requiring users from competing ecosystems to interact with Cardano infrastructure, the Glacier Drop encouraged them to explore Cardano wallets, decentralized applications, and transaction processes firsthand.
As users claim their rewards, some might become active participants in the Cardano ecosystem rather than passive recipients of an airdrop.
Midnight’s Popularity Surged After Launch The Glacier Drop also played a major role in Midnight’s early momentum. NIGHT quickly became one of the most trending crypto assets globally for several weeks following its launch. The token also reached a market cap of $1 billion within weeks.
The initiative also generated significant activity on Cardano. Within just 42 days, Midnight-related activity recorded 354,000 transactions on the network.
Today, the ecosystem continues to expand, with Midnight recording 77,311 unique wallets and 929,540 transactions linked to the project. However, the market valuation of NIGHT has plummeted to $504 million at press time, translating to a unit price of $0.03035.
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.
Key Takeaways Cardano has slipped beneath critical $0.19–$0.20 support level, now trading within the $0.14–$0.16 demand zone Technical analyst Ali Charts identifies TD Sequential buy signal but cautions traders about potential bull trap between $0.160–$0.176 Long-term perspective from TraderaEdge maintains bullish outlook with potential $0.50 price target by 2028, representing 5x gains Network activity shows explosive growth with daily active users jumping over 1,992% within six months Development metrics place Cardano 7th among Layer 1 protocols with 774 commits recorded over 30-day period Cardano (ADA) has descended to price levels not witnessed since 2020 following a decisive breach of the $0.19–$0.20 support threshold. This technical breakdown has shifted momentum decisively toward sellers, while buying interest remains notably subdued at present valuations.
Cardano (ADA) Price Technical analyst Ali Charts has identified a TD Sequential buy signal forming on the daily timeframe. This indicator traditionally emerges following extended selling pressure and often signals potential short-term reversal patterns. Nevertheless, Ali Charts emphasized caution, highlighting the elevated risk of a bull trap scenario — where an initial bounce attracts buyers before momentum shifts back downward.
CARDANO: BULL TRAP?
Despite the recent security breach of a Cardano-based wallet protocol resulting in the exploit of nearly 129 million $ADA (worth roughly $20 million), the daily chart has flashed a TD Sequential buy signal.
While this indicator signals a near-term bounce,… https://t.co/Uxt4ZsERbn pic.twitter.com/d7a9inL3eQ
— Ali Charts (@alicharts) June 25, 2026
According to the analyst’s assessment, any near-term recovery attempt would likely encounter resistance within the $0.160 to $0.176 range. Should price action get rejected at $0.176, it would confirm sellers maintain dominant control over market direction.
Presently, ADA finds itself positioned within a weekly timeframe demand zone spanning $0.14 to $0.16. This region coincides with a previously established bullish order block that has historically generated buying pressure. A failure to defend this zone would expose the next significant support level situated at $0.08–$0.10.
The Relative Strength Index has entered oversold conditions on the weekly chart, indicating potential exhaustion of selling momentum. However, until price action successfully reclaims the $0.19 level, the prevailing market structure remains decidedly bearish.
Bullish Long-Term Projections Persist Among Select Analysts While near-term technicals appear challenging, certain analysts maintain optimistic longer-term perspectives. TraderaEdge continues to project the possibility of 5x returns from current price levels throughout the upcoming market cycle. This projection relies on analysis of a multi-cycle resistance trendline that could potentially reach approximately $0.50 by 2028.
5x on $ADA?
Yes, it’s possible and this is how I see it.
There is no guarantee, but so far it looks like my projection is playing out. This analysis was made long long before the recent FUD, the hacked SecondFi wallet news, or whatever is currently going on around ADA Cardano .… https://t.co/ySzu75Li6M pic.twitter.com/ohS9kLxalT
— TraderaEdge (@Anarchoeconomy) June 24, 2026
According to TraderaEdge, even a decline toward $0.10 would not fundamentally alter the broader long-term bullish thesis for Cardano.
Market sentiment faced additional headwinds from the recent SecondFi wallet security incident, previously operating under the Yoroi brand. Approximately 129 million ADA tokens valued near $20 million were compromised. The Cardano community emphasized that the blockchain protocol itself remained secure — the vulnerability existed within the wallet application software.
Network Metrics Reveal Strong Growth Despite Price Weakness Contrary to the bearish price action, Cardano’s fundamental network metrics demonstrate robust expansion. Daily active user counts have exploded by more than 1,992% across the previous six-month period, with particularly notable activity spikes occurring during early and late June.
Source: Artemis Everstake’s latest data documented 774 code commits throughout the Cardano ecosystem during the most recent 30-day measurement window. This development activity positioned Cardano in seventh place among all Layer 1 blockchain platforms, representing 3.7% of aggregate development activity across the sector.
Cardano currently trades within the $0.14–$0.16 demand zone with immediate resistance established at $0.176.
Cardano’s native token ADA has broken below its crucial support zone between $0.19 and $0.20, plunging to levels unseen since 2020. This sharp drop has intensified immediate selling pressure, with buyers showing limited interest at these new lows.
Short-term barriers take center stageTechnical analyst Ali Charts identified a TD Sequential buy signal on the daily chart, a pattern that typically points to a brief rebound after prolonged declines. However, Ali warns that any such recovery in ADA might not have lasting momentum.
Ali Charts highlights that while the TD Sequential signal raises the possibility of a short-term bounce, traders should be cautious about a potential bull trap forming between $0.160 and $0.176.
According to the analyst, ADA’s first challenge in any recovery attempt would be overcoming resistance in the $0.160 to $0.176 range. Should the price be rejected near $0.176, it would further cement sellers’ control over the market.
Currently, ADA is changing hands within a demand zone between $0.14 and $0.16 on the weekly chart—a region that has historically attracted buying. If this band fails to hold, the next significant support is expected between $0.08 and $0.10.
The relative strength index (RSI) on the weekly chart has entered oversold territory. While this could signal some exhaustion in the selling trend, the overall technical outlook for ADA is seen as bearish unless it can reclaim the $0.19 level.
Optimism lingers for long-term projectionsDespite the present downtrend, some analysts remain optimistic about ADA’s long-term prospects. TraderaEdge, for instance, projects that the current market cycle could deliver up to 5x returns from these levels. Their analysis, based on a long-term resistance line, points to an upside target near $0.50 in 2028.
TraderaEdge states that despite recent negative headlines, their long-term outlook remains intact, adding that even a retracement to $0.10 would not by itself invalidate ADA’s broader bullish scenario.
Cardano is widely recognized as a Layer 1 blockchain network offering smart contract support. Its native token ADA is used for transaction fees, staking, and various ecosystem utilities.
Market sentiment has also been weighed down by a recent security breach affecting the SecondFi wallet (previously operated under the Yoroi brand). Reports indicate that about 129 million ADA, equivalent to roughly $20 million, was compromised. The Cardano community has emphasized that the issue originated in the wallet software, and not the blockchain itself.
On-chain data hints at growth despite price weaknessNotably, Cardano’s network data paints a rosier picture than its price charts. The number of daily active users on the network has skyrocketed by more than 1.992% in the past six months, with marked spikes at the start and end of June.
Cardano is also among the top networks in terms of developer activity. Everstake reports that 774 code updates were recorded in the last 30 days, positioning Cardano seventh among Layer 1 chains and accounting for approximately 3.7% of overall development output.
As of publication, ADA is still trading within its $0.14 to $0.16 demand zone, with immediate resistance at $0.176 remaining in focus.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cardano wallet SecondFi has identified a recovery path for users affected by Tuesday's exploit and expects to begin returning assets in about two weeks, following testing and security reviews.
According to a Saturday statement by Phillip Pon, CEO of SecondFi developer Emurgo, the company completed forensic investigations and established a recovery pathway for affected users. Pon said the coming week would be spent building the solution, followed by another week of testing before assets begin to be returned.
Pon urged users to refrain from migrating assets or taking actions outside official guidance, saying the recovery process was designed around existing wallet states and that independent action could complicate the secure return of funds.
SecondFi developer Emurgo shared an update on the wallet's recovery efforts. Source: Emurgo
SecondFi disclosed a security breach on Tuesday that affected approximately 16 million ADA, worth about $2.4 million at the time, across 374 addresses. SecondFi previously said it traced the incident to an address-level issue in its Cardano web wallet generation software that exposed users' private keys.
The company also said it secured roughly 129 million ADA through emergency measures and transferred the funds to an independent third-party custodian, where they will remain until the verification and recovery process is complete.
SecondFi has not yet published a comprehensive post-mortem detailing the vulnerability or how the exploit was carried out.
SecondFi warns of recovery-related scamsIn a separate update on Saturday, SecondFi warned that malicious actors are circulating fraudulent messages impersonating the wallet while its recovery effort remains underway.
The company said no recovery actions requiring user participation have begun and that it will never ask users for private keys, seed phrases, wallet credentials or direct wallet access.
SecondFi said any messages instructing users to submit wallet information, migrate assets or take immediate action outside its verified communication channels should be treated as fraudulent.
It added that users requiring assistance should submit a ticket through its official support portal while the recovery process continues.
Magazine: AI is banking the unbanked in Africa… faster than crypto
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Cardano wallet SecondFi has identified a recovery path for users affected by Tuesday's exploit and expects to begin returning assets in about two weeks, following testing and security reviews.
According to a Saturday statement by Phillip Pon, CEO of SecondFi developer Emurgo, the company completed forensic investigations and established a recovery pathway for affected users. Pon said the coming week would be spent building the solution, followed by another week of testing before assets begin to be returned.
Pon urged users to refrain from migrating assets or taking actions outside official guidance, saying the recovery process was designed around existing wallet states and that independent action could complicate the secure return of funds.
SecondFi developer Emurgo shared an update on the wallet's recovery efforts. Source: Emurgo
SecondFi disclosed a security breach on Tuesday that affected approximately 16 million ADA, worth about $2.4 million at the time, across 374 addresses. SecondFi previously said it traced the incident to an address-level issue in its Cardano web wallet generation software that exposed users' private keys.
The company also said it secured roughly 129 million ADA through emergency measures and transferred the funds to an independent third-party custodian, where they will remain until the verification and recovery process is complete.
SecondFi has not yet published a comprehensive post-mortem detailing the vulnerability or how the exploit was carried out.
SecondFi warns of recovery-related scamsIn a separate update on Saturday, SecondFi warned that malicious actors are circulating fraudulent messages impersonating the wallet while its recovery effort remains underway.
The company said no recovery actions requiring user participation have begun and that it will never ask users for private keys, seed phrases, wallet credentials or direct wallet access.
SecondFi said any messages instructing users to submit wallet information, migrate assets or take immediate action outside its verified communication channels should be treated as fraudulent.
It added that users requiring assistance should submit a ticket through its official support portal while the recovery process continues.
Magazine: AI is banking the unbanked in Africa… faster than crypto
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
SecondFi, the Cardano-based wallet platform, says it has wrapped up its forensic investigation into a June 23 exploit and is preparing to return assets to affected users within roughly two weeks. The breach drained approximately 16 million ADA, worth about $2.4 million, from 374 wallet addresses.
That $2.4 million figure, while painful, could have been far worse. The total potential exposure from the incident, including NFTs and various tokens held across compromised wallets, is estimated to exceed $20 million pending an ongoing audit.
What actually went wrong The Cardano blockchain itself wasn’t compromised. The vulnerability lived entirely within SecondFi’s proprietary web wallet generation software, specifically in how it derived nonces during the transaction signing process.
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A deterministic nonce derivation error in SecondFi’s software signer meant that once an affected address signed a transaction, attackers could reconstruct the private key using nothing more than publicly available on-chain data. No phishing emails, no social engineering, no malware. Just math.
The attacks came in three separate waves, which forensic investigators traced back to two distinct threat actors. Both have been identified and reported to authorities, according to SecondFi.
Once the team detected the breach, they moved quickly to implement emergency measures. Those protections successfully routed approximately 129 million ADA to a third-party custodian, shielding a substantial pool of assets from the attackers.
The recovery plan SecondFi says it has completed a final balance snapshot of affected accounts and is now preparing the refund process. The platform suspended operations after the exploit was discovered and has been working through the forensic analysis ever since.
One critical piece of guidance for affected users: do not restore compromised seed phrases on other wallets. The vulnerability means those seed phrases are effectively burned. Restoring them anywhere else would simply expose the same private keys that attackers already exploited, or could exploit, on a different platform.
What this means for Cardano and wallet security This exploit is a textbook case of why the crypto security community harps endlessly about wallet implementation details. The Cardano protocol did its job. The consensus layer was fine. Smart contracts weren’t involved. The failure point was a single piece of software sitting between users and the blockchain, one that handled cryptographic operations incorrectly.
The nonce derivation class of attack isn’t new. Similar vulnerabilities have plagued various crypto implementations over the years, including a well-documented 2013 incident involving Android’s Java SecureRandom class that affected Bitcoin wallets. That a wallet platform launched without catching this particular flaw during code review or audit raises uncomfortable questions about the security review processes that preceded SecondFi’s deployment.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Cardano’s native asset ADA is hovering near a critical support level, trading at $0.1484 at the time of writing after slipping by 0.56 percent in the last 24 hours. Despite the price pressure, recent developments within the Cardano ecosystem paint a broader picture that goes beyond short term volatility.
Cardano Foundation’s focus on digital identityRecent efforts by the Cardano Foundation to expand digital identity solutions highlight the blockchain’s growing ambitions for real world adoption. The Foundation has been emphasizing a user centric approach to digital identity, aiming to give individuals more direct control over their information. At the same time, this initiative seeks to support the growth of the developer ecosystem. The Cardano Foundation is a nonprofit organization recognized for bolstering ecosystem progress, setting standards, offering education, and fostering institutional partnerships.
The Cardano Foundation underscores the massive scale of the identity problem, pointing out that roughly 1 billion people are excluded from the system while nearly 80 percent of cyberattacks originate from identity based vulnerabilities.
While such steps may not immediately reflect in ADA’s price, the initiative underscores Cardano’s continued commitment to driving tangible blockchain adoption through real world use cases.
Technical analysis signals key challengesTradingView data shows that ADA remains below both its 50 day and 200 day moving averages. This dynamic indicates persistent weakness in the trend, with buyers yet to demonstrate a meaningful comeback.
On the flip side, there are signs of a slight slowdown in selling pressure. A subtle rebound in the MACD histogram suggests that the downward momentum has softened somewhat compared to earlier periods.
Should market demand strengthen and break above the resistance at $0.157, the $0.172 region could become relevant once more. Conversely, a breach beneath $0.145 support might deepen the risk of further losses as selling intensifies.
On chain data paints a mixed pictureDeFiLlama data reveals a significant decline in Cardano’s total value locked in decentralized finance since the start of the year. This trend reflects a weakening of ecosystem liquidity relative to previous periods.
Yet, a rising number of active addresses signals robust user participation across the network. Even as capital inflows lag, continued engagement suggests that overall activity on Cardano has not completely faded.
According to CoinGlass, open interest levels have stabilized in recent months. This suggests that market participants are choosing to maintain existing positions rather than fully exiting the market. Liquidation figures also show a return to more balanced leverage following heightened volatility earlier this year.
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.
Charles Hoskinson discussed an experimental wallet recovery design using zero-knowledge proofs. The idea would allow users to prove ownership without exposing a 24-word seed phrase. The concept remains experimental and should not be framed as a live Cardano wallet feature. Self-Custody Ux And Cryptographic Recovery: Why This Story Matters Charles Hoskinson Explores Zero-Knowledge Wallet Recovery to Remove Seed Phrase Risks has become one of the stronger weekend crypto stories because it sits at the intersection of price action, market structure, and the kind of narrative that traders tend to follow closely when the broader news cycle slows down.
The key point is not simply that hoskinson proposed an experimental ZK-based wallet recovery mechanism. It is that the development gives the market a fresh way to judge whether the current crypto environment is being driven by genuine network adoption, regulatory progress, liquidity shifts, or short-term speculation.
The Main Details According to the official source material, Hoskinson proposed an experimental ZK-based wallet recovery mechanism. The report also notes that the design aims to reduce seed phrase exposure risks.
That distinction matters because crypto markets often move first on headlines and only later separate durable developments from short-lived momentum. In this case, the verified boundaries are especially important: Do not present as launched or production-ready.
Market Context For traders, the story arrives at a moment when crypto assets are still trying to define a clearer direction. Bitcoin remains the anchor for broader sentiment, but altcoin narratives are increasingly being judged on their own fundamentals, including usage, liquidity, compliance, treasury activity, and developer progress.
That makes this development relevant beyond a single token or company. If the underlying trend proves durable, it could help shape how investors evaluate Cardano, ADA, Charles Hoskinson, Zero-Knowledge, Wallets over the coming weeks. If it fades, however, it may become another example of a strong weekend narrative that struggled to translate into sustained market follow-through.
What To Watch Next The next important question is whether the market receives further confirmation from primary sources, dashboards, official announcements, or on-chain data. Follow-up disclosures, exchange data, governance updates, or wallet activity could all help clarify whether this is an isolated headline or the start of a broader theme.
Readers should also watch whether liquidity responds. In crypto, even fundamentally meaningful developments can fail to move prices if traders remain defensive, leverage is being unwound, or capital is rotating into other sectors. That is why this story should be read alongside broader market structure rather than in isolation.
This report is based on information from Cardano community research materials.
This article was written by the News Desk and edited by Samuel Rae.
SecondFi, a wallet used within the Cardano ecosystem, has unveiled a recovery plan for users affected by Tuesday’s security breach. Emurgo, the wallet’s developer, announced that forensic investigations have been completed and that a roadmap for returning assets to users has been established.
Asset return process to proceed in two phasesPhillip Pon, CEO of Emurgo, stated that the technical solution will be built in the coming week, followed by a week of testing and security checks. If the announced timeline remains on track, asset reimbursements for affected users are expected to begin in approximately two weeks.
Phillip Pon confirmed that forensic analysis had been finalized, a recovery pathway determined for impacted users, and that returns would begin once development and testing phases are complete.
Pon also warned users to avoid taking any independent action outside of official guidance. The company’s recovery process has been designed according to the current wallet states, so transferring assets or performing unauthorized transactions could jeopardize the secure return of funds.
Breach impacted 374 addressesSecondFi disclosed that the exploit, which was announced on Tuesday, affected around 16 million ADA. At the time, this amount was worth roughly $2.4 million. The company reported that the incident impacted 374 addresses and stemmed from a vulnerability at the address level within Cardano’s web wallet generation software.
Emurgo is recognized as a long-standing participant in the Cardano ecosystem, leading both infrastructure and product development efforts.
The company had previously stated that this vulnerability resulted in the exposure of several users’ private keys. However, a comprehensive post-incident report detailing technical specifics and the full nature of the attack has not yet been released.
Emergency measures and scam alert issuedAs part of emergency actions, SecondFi reported that it has secured approximately 129 million ADA. These funds have been transferred to an independent third-party custodian and will be held there until the verification and recovery process is complete.
ItemDetailsAmount affected16 million ADAEstimated value$2.4 millionNumber of addresses affected374Secured assets129 million ADAIn a separate update, the company warned of phishing attempts circulating during the recovery process, featuring fake messages impersonating the wallet. SecondFi emphasized that no user actions are required for the recovery process at this time.
The company made it clear that it will never, under any circumstances, request private keys, seed phrases, wallet information, or direct wallet access from users.
SecondFi advised users to treat any requests for wallet data, asset transfers, or urgent actions via unofficial channels as scams. Users in need of support are instructed to submit requests only through the official support portal as the process unfolds.
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 U.Today 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.
Cardano's next protocol upgrade may be getting closer to reality, according to a recent update from Intersect, a member-based organization for the Cardano ecosystem.
In a recent milestone, the van Rossem hard fork initiation governance action was submitted on Cardano Mainnet in the past week, beginning the on-chain governance process for an intra-era upgrade.
In a fresh update, Intersect noted that ecosystem readiness made significant progress this week. For SPOs, Block production numbers on node version 11 remained stable, increasing slightly to 87% for epoch 639. Likewise, multiple major exchanges signaled readiness this week, pushing readiness by liquidity up to 77.37%.
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Currently, the van Rossem hard fork initiation action sits at 62.76% DRep approval, 31.59% SPO approval and 1 constitutional vote from the Constitutional Committee (CC) with 6 members yet to vote. This means that the DRep threshold at 60% has been surpassed, with SPOs yet to meet the 51% threshold and four CC votes remaining to meet the 5 out of 7 threshold.
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The van Rossem hard fork initiation governance action was submitted on Mainnet on June 16 during epoch 637. Current voting progress indicates a potential ratification within the next two epochs. Based on the governance timeline, the next possible ratification dates are June 28 or July 3, with the corresponding potential enactment dates being July 3 or July 8, respectively.
Cardano's recent developmentsThe public testnet for Ouroboros Leios, Musashi Dojo, was launched this week. Leios refers to the scaling solution for Cardano. A year ago, Leios was just a research paper from Input Output (IO) Research, with its next phase unveiled as a live prototype on a public testnet.
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Mithril is moving into its next phase as Teragone takes over the workstream, bringing deep cryptography expertise and continuity coordinated through Intersect.
The RealFi Phase 1 Testnet is expected to go live on July 6, the first public step toward next-generation stablecoin infrastructure on Cardano.
The Cardano blockchain is accelerating toward its next major protocol update, signaling swift progress within the ecosystem. Intersect, the membership-based organization coordinating governance within Cardano, announced that the governance proposal to launch the van Rossem hard fork was submitted to the mainnet last week. This move marks the official launch of Cardano’s on-chain decision-making process for the upgrade.
Status of the Governance VoteAccording to the latest data, the proposal has received 62.76% approval from Delegated Representatives (DReps), surpassing the required 60% threshold for this voting group. However, support from Stake Pool Operators (SPOs) currently stands at 31.59%, falling short of the 51% required to finalize the proposal in that category. Meanwhile, only one vote has been cast so far by the Constitutional Committee, with decisions from the remaining six members still pending.
Intersect highlighted that, based on current voting trends, the proposal could be approved on the mainnet within the next two epochs.
The proposal was introduced to the Cardano mainnet during epoch 637, on June 16. According to the governance timeline, the most likely dates for approval are June 28 or July 3. Should the vote pass, the hard fork implementation could go live on July 3 or July 8, depending on the final outcome and technical readiness.
Progress on Ecosystem ReadinessIntersect also reported notable progress this week regarding overall ecosystem preparedness. The proportion of stake pool operators running node version 11, essential for the new block structure, rose slightly to 87% for the forthcoming epoch 639, indicating stable block production. Liquidity-focused readiness also climbed, reaching 77.37%, after several leading exchanges signaled they are prepared for the transition.
Serving as a core entity in the Cardano ecosystem, Intersect is a membership-based organization that coordinates governance and technical transitions. Its role bridges the gap between community-driven decision-making and the project’s technical infrastructure.
Developments in Leios, Mithril, and RealFiSignificant progress was also made on scalability and infrastructure projects within Cardano. The public Musashi Dojo testnet, supporting the Ouroboros Leios scaling solution, was deployed this week. Leios, initially introduced by Input Output Research a year ago, has matured into a live public testnet prototype, moving closer to production.
Glossary: DRep stands for delegated representative within Cardano’s governance structure, authorized to vote on behalf of the community. SPO refers to a stake pool operator, who manages block production and the technical maintenance of the network.
The Mithril project, enhancing Cardano’s cryptographic efficiency and scalability, is also entering a new phase. Responsibility for its future development will now be assumed by Teragone and will proceed with coordination from Intersect, aiming to ensure technical continuity and expanded cryptographic expertise.
In parallel, RealFi Phase 1 Testnet is scheduled for launch on July 6. This marks the public debut of a new stablecoin infrastructure on Cardano, an important milestone for building next-generation decentralized finance solutions on the blockchain.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The crypto ecosystem is undergoing a deep structural transformation where yesterday’s certainties give way to new macroeconomic realities. Thus, although the community has historically speculated on Ethereum surpassing bitcoin, institutional analysts now turn to a scenario completely ignored by retail investors. The recent evolution of volumes and market capitalizations calls into question the established hierarchy, prompting experts to rethink the position of stablecoins relative to traditional cryptos.
In Brief Tether could dethrone Bitcoin to become the world’s largest crypto according to a Bloomberg Intelligence strategist. The rise of stablecoins challenges the historical dominance of Bitcoin and Ethereum in the crypto ecosystem. A Bitcoin at 10,000 dollars would be the key scenario allowing USDT to take the lead in the market. The tightening of macroeconomic conditions would strengthen the appeal of dollar-indexed assets versus more volatile cryptos. USDT on the path to becoming the world’s top crypto The announcement surprised bitcoin maximalists and DeFi enthusiasts. Tether (USDT) is well on its way to becoming the largest crypto in the world by market size, assures Mike McGlone, senior macroeconomic strategist at Bloomberg Intelligence.
According to the specialist, the rise of tokens indexed to the greenback disrupts the sector’s value order. The expert bases his conclusions on several key observations of market dynamics :
The threat to the historical duopoly : the analyst states bluntly that it “could be just a matter of time before the dollar-backed token surpasses bitcoin, unless the crypto’s most enduring trend reverses: Tether’s assets under management surpassing everything”. He adds that in this race, “only two remain: bitcoin and Ether” ; The power of dollar indexing : he highlights the inherent power of the stablecoin’s technical architecture, explaining that “the technology is impressive, and it has adopted the dollar as a base layer”, implicitly addressing the movement advocating for global dedollarization ; The fragility of alternative protocols : McGlone directly questions the sustainability and fundamental viability of speculative tokens flooding wallets. He wonders what could stop the uncontrolled proliferation of protocols where billions of dollars accumulate on assets backed by no source of actual revenue or financial flows. Recent movements partly confirm this thesis since Tether briefly snatched the second spot from Ethereum in the overall ranking following the general panic. On this subject, the Bloomberg strategist specifies that this precise historic change “could be lasting this time”.
The crash hypothesis : a bitcoin at 10,000 dollars to validate the prophecy For this macroeconomic prediction to become reality, a complete revaluation of current values would be required, which would depend on a historic drop in crypto yields. Mike McGlone firmly holds his bearish forecasts, stating that bitcoin is heading towards a major correction likely to bring it back to the 10,000 dollar level. The technical explanation lies in the emergence conditions of the first crypto.
It developed at a breakneck speed during an exceptional period marked by zero interest rates and massive liquidity injections from central banks. The current monetary tightening imposes on markets an inevitable deleveraging process, which hits assets considered highly speculative.
The gloomy outlook developed by Bloomberg Intelligence is not limited to the blockchain universe but fits into a recession affecting global commodities and traditional stock indices. McGlone notably anticipates a collapse of WTI crude oil around 40 dollars a barrel, triggered by a global correction of U.S. stock markets in the second half. In this systemic purge framework, the on-chain safe haven par excellence mechanically becomes digitized dollar, whose global capitalization remains stable or rises, while volatile assets see their capitalization shrink under massive selling pressure.
Market redefinition: towards a paradigm shift for decentralized finance This institutional reading reveals a major market divide between purely speculative yield seeking and the fundamental need for stability during systemic crises. While the scenario of a bitcoin at 10,000 dollars is still seen by many market operators as extreme, it nevertheless reminds that an asset’s capitalization depends above all on its real liquidity and transactional utility.
In the long term, the transformation of stablecoins into main vectors of value transfer could relegate first-generation assets to a secondary role, thereby redefining the future of digital investments.
The hypothesis of Tether’s dominance invites the community to reconsider the very foundations of decentralization. If the sector’s most powerful token becomes a centralized currency dependent on the U.S. dollar, the original ideal of resistance to censorship and financial sovereignty championed by Satoshi Nakamoto would be deeply altered.
However, other analysts moderate this view, arguing that bitcoin will maintain its status as digital gold thanks to its programmed scarcity, resisting any monetary printing policies. The future will depend on how investors manage to reconcile the security urgency offered by USDT and the long-term value promise carried by bitcoin.
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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.
Ethereum has struggled under sustained selling pressure throughout June, plummeting from levels above $2,000 to around $1,557 as of June 26. This marks a monthly loss of 23.5 percent, while the past week alone saw ETH shed 6.7 percent of its value.
Market dynamics reveal weaknessesA key threshold has been crossed in the overall market cap rankings. Tether’s total market capitalization rose to $186.06 billion, surpassing Ethereum, which stands at $185.66 billion. For the first time in history, Tether has overtaken Ethereum by market value.
Market analyst Ted Pillows noted that Ethereum is once again testing bottom levels, and the momentum remains weak due to a broader market correction. According to Pillows, if ETH can reclaim the $1,750 mark, investors could see a short-term rebound in the coming month.
Ted Pillows remarked that the wider market correction has sapped momentum from Ethereum, but if ETH can break back above $1,750, a short-lived relief rally might be possible next month.
The technical outlook on the daily chart supports this pressure. After breaking below the upward trendline formed in February, ETH fell beneath the $1,900 and $1,800 supports, reaching as low as the $1,550 region.
Major investor groups fall into lossesData from CryptoQuant reveals that all major Ethereum investor groups, including wallets holding more than 100,000 ETH, are now sitting on unrealized losses. The last time this scenario occurred was back in 2019, which coincided with a long-term bottom for ETH. CryptoQuant, a widely-followed on-chain analytics provider, monitors this data across the crypto industry.
For the first time since 2019, large Ethereum investors as a group have fallen into collective unrealized losses.
Historically, collective capitulation by large holders has more often signaled proximity to market bottoms rather than deeper declines. While smaller whale groups occasionally slip into losses, it is rare for the largest wallets to dip into negative territory at the same time.
Meanwhile, the Estimated Leverage Ratio indicator has dropped from 1.11 to 0.85 over the past three weeks. This decline points to a significant number of leveraged positions being closed or liquidated, which could help limit some of the downside risk for ETH.
ETF outflows and funding concernsEthereum spot ETFs are on track for their seventh straight week of net outflows. According to SoSoValue, the current week may mark the heaviest capital flight from spot ETH ETFs since January.
Protocol Guild coordinator Trent Van Epps has also raised concerns about core development funding. After five years with the Ethereum Foundation, Van Epps emphasized that approximately $30 million per year is needed to sustain essential development activities, warning that current reserves may not reliably cover emerging needs. Protocol Guild is recognized for its role in funding core Ethereum developers.
Van Epps highlighted that Protocol Guild has distributed around $40 million to developers over the past four years, but he stressed that this is not sufficient. He suggested that new institutional participation may be required in the coming months to bridge the funding gap.
On the technical side, the key support levels for ETH are now at $1,510 and $1,500, while resistance sits at $1,710 and $1,774. The MACD indicator has turned negative once again, with the signal line currently at negative 78.35.
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.
Tether CEO Paolo Ardoino (Nikhilesh De/CoinDesk)Summary
Tether and Ledn are expected to offer gold-backed loans later this year.The move extends the utility of Tether's $23 billion gold reserve allowing holders to borrow against tokenized gold rather than selling it.The offering mirrors Ledn's bitcoin-backed lending model.Tether has expanded the use of its $23 billion gold reserves by bringing its tokenized product Tether Gold (XAUT) to crypto lender Ledn.
Ledn said it is adding support for XAUT, alongside bitcoin BTC$60,471.85 and Tether's stablecoin USDT, with borrowing against XAUT expected later this year.
Tether is attempting to monetize what has become one of the world's largely privately held gold reserves. The stablecoin company says it holds around $23 billion worth of physical bullion backing XAUT, with each token representing one troy ounce of gold stored in vaults in Switzerland.
Gold-backed lending is traditionally the realm of central banks, major financial institutions and bullion dealers. Tether and Ledn argue that by tokenizing physical gold, the asset can function more like physical bitcoin as digital collateral, unlocking liquidity without having to sell it.
This follows the model Ledn has used for bitcoin-backed loans for several years. Client collateral continues to be held 1:1, without being lent out or used to generate yield, Ledn said, seeking to draw a line between the services it offers and those of its former rivals that went to the wall in the crypto winter of 2022.
"As digital assets become an increasingly important part of the global economy, demand is growing for solutions that combine long-term ownership with financial flexibility," Tether CEO Paolo Ardoino said in a statement.
The move is the latest example of Tether leveraging the profits generated by USDT, the world's largest stablecoin, to expand beyond its core business. The company has spent the past few years reshaping itself into a broader technology and infrastructure group spanning finance, energy and AI.
A key part of that strategy has been building a substantial gold business. Alongside growing XAUT, Tether has accumulated roughly 140 metric tons of physical bullion, making it one of the world's largest corporate gold holders. It has also invested in precious metals marketplace Gold.com and partnered with crypto financing firm Antalpha to expand the use of XAUT in lending and physical redemption.
Beyond precious metals, Tether has invested in bitcoin mining and renewable energy projects, while backing AI infrastructure provider Northern Data and as part of a broader push into computing technologies.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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US equities on crypto rails: access is easy, on-chain composability is the real test. Only Binance and Backpack deliver both - and only Binance at scale.
Why it matters:
US equities on crypto rails: access is easy, on-chain composability is the real test. Only Binance and Backpack deliver both - and only Binance at scale.
Tether and Ledn have teamed up to bring tokenized gold into the crypto lending world. The partnership, announced on June 18, integrates Tether Gold (XAUT) into Ledn’s platform alongside Bitcoin and stablecoins, with gold-backed loans expected to follow later this year.
What the deal actually looks like From launch, Ledn users can trade and hold XAUT on the platform. Each XAUT token represents one fine troy ounce of gold, with 707,747 ounces currently backing the equivalent number of tokens in circulation.
Later in 2026, Ledn plans to roll out gold-backed loans denominated in Tether’s stablecoins. Borrowers will be able to choose between USDT and the newly launched USAT.
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Ledn maintains a 1:1 collateral holding policy, meaning they don’t rehypothecate or lend out the collateral backing user deposits. Worth noting: the lending product won’t be available to residents of Canada or the EU.
The gold behind the token Tether manages a gold stockpile estimated between 140 and 154 metric tons, valued at roughly $23 billion. XAUT’s market cap recently surpassed $3 billion, making it one of the most significant commodity-backed tokens in crypto.
“Growing demand for solutions that combine long-term ownership with financial flexibility,” Paolo Ardoino said of the partnership’s rationale.
Why this matters for investors The crypto lending market has been rebuilding trust since the cascading failures of 2022, when firms like Celsius, BlockFi, and Voyager proved that aggressive rehypothecation and opaque risk management could crater an entire sector overnight. Ledn survived that purge, partly because of its conservative collateral approach.
Paxos Gold (PAXG) is XAUT’s closest competitor in the tokenized gold space, and it currently lacks a comparable lending integration.
The USAT launch, which will serve as one of the loan denomination options, suggests Tether is building an ecosystem where its various products feed into each other.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
1024EX, an on-chain crypto trading platform, has announced support for $USDC deposits on two more networks. 1024EX now supports $USDC deposits on Ethereum and Base blockchain networks. As per 1024EX’s official social media announcement, these deposits are live now. Moreover, $USDC withdrawals on Base, Solana, and Ethereum are already live. The update highlights 1024EX’s plan to make stablecoin transfers less fragmented and more rapid.
1024EX now supports USDC deposits via Base and Ethereum.
Withdrawals are available via Base, Ethereum, and Solana.
Coming soon: TRON support.
More chains. Smoother deposits. Easier withdrawals.
— 1024EX (@1024EX) June 27, 2026 Supporting USDC deposits on Ethereum and Base is highly important for any crypto platform and its users. It improves user experience, boosts platform competitiveness, and supports broader stablecoin adoption.
How USDC Deposits on Base and Ethereum Can Improve User Experience The launch of the $USDC deposits on Base and Ethereum permits 1024EX to improve the user experience. Base enables fast finality as well as low-fee transactions. At the same time, Ethereum provides comprehensive liquidity as well as wide wallet compatibility. Keeping this in view, the rollout provides traders with two additional ways for account funding via $USDC without depending on a single blockchain. Additionally, the $USDC deposit support minimizes congestion risk when it comes to increased network activity.
Coming to withdrawals, 1024EX users are permitted to withdraw capital via Solana, Base, and Ethereum. Withdrawals support on Solana is of great importance because Solana delivers a high-throughput option for minimal fees and sub-second settlement. This benefits consumers who look for funds transfers to other platforms, DeFi protocols, or wallets quickly.
1024EX Targets TRON as Next Integration for Wider Access In addition to this, the platform has also unveiled plans to support the TRON network to further facilitate its users. The potential inclusion of TRON would broaden 1024EX’s access to consumers who focus on minimal network fees in the case of $USDC transactions. Ultimately, this development gives consumers more control over $USDC withdrawals and deposits.
To sum up, 1024EX considers this 3-chain withdrawal framework as a key move to let consumers pick ecosystem compatibility, cost, or speed in line with their individual requirements.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Key Takeaways Prominent crypto trader Garrett Jin has initiated a $21.73M short position on Zcash via Hyperliquid at an entry price of $418.90 Approximately $4.93M of the total order has been executed, leaving $16.8M unfilled Complete execution would position Jin as the platform’s largest ZEC position holder Jin’s previous two Zcash trades generated combined profits of $11.66M Simultaneously, his 1,268 BTC long position entered at $76,117 faces unrealized losses exceeding $20M Prominent cryptocurrency trader Garrett Jin has initiated a substantial short position targeting Zcash on the Hyperliquid decentralized trading platform. The position, valued at $21.73 million, carries an entry price of $418.90 per ZEC token.
Blockchain analytics expert Yujin first identified and reported the transaction. Initial data showed that $4.93 million worth of the position had been successfully executed, while the bulk—$16.8 million—remained in the order book awaiting fulfillment.
Potential Impact on Hyperliquid’s Zcash Market Should the entire order reach completion, Jin’s position would establish him as the dominant Zcash trader on the Hyperliquid platform. This concentration represents significant individual market exposure within the exchange’s ecosystem.
On-chain monitoring service Lookonchain verified the details of Jin’s position. Their analysis revealed the active short employs 2x leverage across 11,780 ZEC tokens, representing approximately $4.92 million in value at the moment of documentation.
Lookonchain’s research also highlighted Jin’s successful track record with Zcash trading. His two preceding ZEC positions collectively yielded profits totaling $11.66 million.
This newest short position continues Jin’s established strategy of betting against Zcash price appreciation. His current wager anticipates ZEC values declining from the $418 threshold.
Bitcoin Long Position Faces Significant Drawdown Contrary to his Zcash success, Jin’s Bitcoin holdings present a contrasting narrative. He maintains a leveraged long position comprising 1,268 BTC with an average entry point of $76,117 per token.
This Bitcoin trade currently shows substantial negative performance. The unrealized deficit on this position approximates $20.09 million based on recent market data.
Bitcoin’s market price stood around $60,411 during the reporting period, creating a considerable distance from Jin’s $76,117 entry level. This substantial price differential explains the magnitude of unrealized losses.
Taken together, these positions illustrate contrasting outcomes. While Jin has demonstrated profitability through Zcash short strategies, his more substantial Bitcoin wager continues accumulating losses.
Market observers closely monitor Jin’s trading activity due to the considerable capital involved in his transactions. Blockchain analysts including Lookonchain and Yujin systematically document his positions as they materialize on Hyperliquid’s platform.
The $21.73 million Zcash short position remains partially unfilled. Traders following Jin’s activities continue monitoring whether he will complete the full order execution.
Zcash traded at $407.65 during this reporting window, positioning slightly beneath Jin’s $418.90 short entry level. This price differential currently generates modest unrealized gains on the position.
However, his Bitcoin long exposure presents the more pressing challenge. With unrealized losses surpassing $20 million, it constitutes substantial downside risk within his active trading portfolio.
Crypto lending platforms have spent years optimizing yields inside a closed loop of digital assets. Aave is now making a decisive push to crack open the far larger traditional securities lending market. According to the original report, Aave founder Stani Kulechov said the protocol is expanding its total addressable market from crypto assets to all asset classes through securities-backed loans and securities lending.
The move plugs Aave directly into a global securities lending pool that holds roughly $4.6 trillion in securities on loan and generates about $35 billion in annual revenue, according to Aave executive Luigi D’Onorio DeMeo. The plan arrives as real-world asset tokenization continues to gain traction, with on-chain RWA values recently crossing the $20 billion mark, as detailed in a weekly tokenization roundup.
Why tokenized stocks matter now DeMeo confirmed that Aave V4 will bring tokenized stocks to on-chain securities lending. Users will be able to earn borrowing fees directly, without intermediaries or the rehypothecation that defines much of traditional finance. That’s a structural shift. In conventional securities lending, a chain of custodians, prime brokers, and agents extracts a cut before any revenue reaches the underlying lender.
Aave’s approach removes those layers by letting smart contracts handle the lifecycle. It’s an efficiency play that could compress costs and widen access. The timing is notable. Institutional appetite for on-chain yield products has grown, particularly as crypto-native yields have compressed. A recent surge in SUI driven by institutional staking and fintech integration illustrates how capital is moving toward chains offering real utility beyond speculation.
What Aave V4 changes for users Tokenized stocks on Aave aren’t just a new collateral type. They represent a deliberate expansion from lending against crypto to lending against traditional securities. The protocol’s existing users—who already supply and borrow assets like ETH, USDC, and wrapped Bitcoin—would now interact with tokenized versions of equities or other securities. Borrowers could pledge tokenized stock to access liquidity. Lenders could earn fees by supplying stablecoins against that collateral.
The disintermediation angle is critical. DeMeo emphasized “without intermediaries or rehypothecation,” which directly targets pain points in the traditional securities lending market. Rehypothecation—where collateral is reused multiple times, creating hidden leverage—has been a source of systemic risk. Aave’s on-chain model would make collateral flows fully transparent.
The real-world asset tokenization trend Aave’s announcement is not a standalone experiment. It fits a broader movement where DeFi protocols are integrating real-world assets. MakerDAO has backed DAI with real-world loans. Ondo Finance and others have tokenized Treasury bonds. The $20 billion on-chain RWA milestone shows that demand exists for tokenized traditional assets that can interact with DeFi rails. Aave entering securities lending is a logical next step because lending is the core product, and the securities market dwarfs crypto’s market cap.
Still, the regulatory picture remains foggy. Tokenized stocks are securities in most jurisdictions. Even if Aave’s smart contracts handle execution, the issuance and custody of tokenized securities will likely require regulated entities. The protocol has not disclosed which issuers or partners will bring tokenized stocks onto Aave V4, leaving an open question about compliance infrastructure. Without that, the $4.6 trillion target may stay distant.
What remains uncertain Aave has not yet detailed how the tokenized stocks will be created, custodied, or redeemed. The difference between a synthetic representation and a legally recognized tokenized security matters enormously for institutional adoption. If the assets are merely price-trackers, the lending model carries different risks than if they are direct claims on the underlying securities. Liquidity is another variable. Tokenized stock markets remain thin compared to their traditional counterparts, and Aave will need enough depth to avoid liquidation cascades.
Despite the open questions, the direction is clear. Aave is betting that the line between crypto lending and traditional finance will blur further. If it can execute on V4 with a viable legal wrapper, the protocol could absorb a slice of those $35 billion in annual securities lending revenues. The market will be watching for issuer announcements and testnet activity as the next tangible signals.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Key Highlights Stani Kulechov, Aave’s founder, revealed intentions to penetrate the global securities lending industry valued at $4.6 trillion The DeFi platform will leverage its forthcoming Aave V4 upgrade to facilitate blockchain-based lending using tokenized securities Tokenized equity assets will function as collateral for stablecoin borrowing and repurchase agreement-style operations According to Aave executive Luigi D’Onorio DeMeo, this sector produces approximately $35 billion yearly in revenue This initiative complements Aave’s institutional growth approach and existing collaborations with VanEck, Circle, and Securitize The decentralized finance platform Aave is preparing to challenge one of traditional finance’s most lucrative sectors. Through tokenized securities, the protocol intends to compete in the global securities lending industry, where approximately $4.6 trillion worth of securities are currently on loan.
Aave Targets $4.6 Trillion Securities Lending Market With Tokenized Stocks
Aave founder Stani Kulechov said the protocol is expanding its total addressable market from crypto assets to all asset classes through securities-backed loans and securities lending. Aave executive Luigi… pic.twitter.com/xt9A8CTuam
— Wu Blockchain (@WuBlockchain) June 26, 2026
On June 26, founder Stani Kulechov unveiled this strategic direction. He explained that Aave would broaden its scope beyond cryptocurrency to encompass all asset categories via Aave V4, its upcoming major protocol enhancement.
The securities lending sector generates around $35 billion in yearly revenue. This estimate comes from Luigi D’Onorio DeMeo, an Aave executive who provided additional context about the initiative.
According to DeMeo, investors currently capture only a fraction of the income their securities produce through lending arrangements. Brokerage firms and trading platforms typically retain the majority of borrowing fees derived from assets held by customers.
Aave’s approach would disrupt this traditional framework by transitioning securities lending onto the blockchain. Participants would contribute tokenized equities directly into the protocol and capture the complete borrowing yield through open and transparent pricing mechanisms.
The Mechanics of Tokenized Securities Lending In the proposed framework, tokenized stock holdings would act as collateral for stablecoin credit. Repurchase agreement-style transactions—short-duration secured financing arrangements prevalent in conventional finance—would execute entirely on-chain.
DeMeo emphasized that this system would function without traditional intermediaries and exclude rehypothecation practices. Rehypothecation occurs when financial institutions reuse client-posted collateral, a widespread approach in legacy markets that introduces additional counterparty exposure.
Kulechov had previously detailed additional markets Aave V4 would address earlier in the month. These encompass collateralized lending supported by securities, repo transactions, and direct securities borrowing and lending.
Aave’s Comprehensive Expansion Blueprint This development aligns with a comprehensive roadmap Kulechov presented in May. During that announcement, he stated Aave would pursue a 12-month revenue-focused growth trajectory.
The protocol presently produces roughly $123 million in annualized revenue. Additionally, it maintains approximately $12.4 billion in total value locked across its platforms.
Aave has established institutional relationships already. Its Horizon infrastructure, developed in partnership with VanEck, Circle, and Securitize, concentrates on real-world asset financing and tokenized financial infrastructure.
Kulechov characterized securities financing as among the most substantial markets within Wall Street. This expansion into traditional finance territory represents a significant departure from Aave’s cryptocurrency-focused origins.
DeMeo stated the objective is providing market participants with transparent pricing structures and unmediated access to lending income that currently enriches intermediary institutions.
The success of Aave V4 in achieving these ambitious objectives will hinge on regulatory clarity and the broader acceptance of tokenized securities, a market segment still in its formative stages.
Aave founder Stani Kulechov previewed Aavenomics 3.0 on X Thursday, an automated on-chain buyback mechanism that would route all protocol and GHO revenue to AAVE holders by default, replacing the existing discretionary committee-directed program.
Aave founder Stani Kulechov previewed Aavenomics 3.0 on X Thursday, a tokenomics overhaul that would replace the protocol’s existing discretionary buyback program with an automated, non-discretionary on-chain mechanism funded by all protocol and GHO revenue.
The announcement came as Kulechov responded to a CoinDesk report that Kraken parent Payward was in talks to acquire a 15% equity stake in Aave Group at a $385 million valuation. Kulechov disputed the “70% discount” framing in the report while using the moment to lay out Aave’s existing and planned revenue structure for token holders. Aavenomics 3.0 is the consequential part: an automated buyback system that executes at the protocol level, running continuously unless governance votes to halt it.
Current Buyback ProgramAave’s governance approved the Aavenomics Part One ARFC in early 2025, which gave the Aave Finance Committee a mandate to execute AAVE buybacks from secondary markets at $1 million per week during the initial six-month period. That works out to roughly $50 million annually in discretionary repurchases, coordinated through the Aave Finance Committee and funded from protocol excess revenue.
The mechanism is committee-directed: governance can redirect, pause, or resize the program without a protocol-level change. Aavenomics 3.0, as described by Kulechov, would harden the buyback into the protocol’s economic architecture. Details on the implementation mechanics and governance timeline are expected at Aave’s next quarterly call, per Kulechov’s post.
Revenue Flowing to the TokenThe broader context for the buyback upgrade is the Aave Will Win (AWW) framework, which passed governance in April 2026. Under AWW, 100% of revenue from Aave Protocol, from GHO, and from Aave-branded products including Aave App, Aave Pro, and Swaps flows entirely to the Aave DAO treasury. Aave Labs operates solely as a DAO service provider and retains no product revenue.
GHO, Aave’s native stablecoin, has grown to approximately $599 million in circulating supply, per DefiLlama, generating incremental protocol fee income alongside lending revenues. Aave’s all-time protocol fees exceed $2.2 billion, with annualized fees running at roughly $400 million based on the trailing seven-day window.
Aavenomics 3.0 would route that revenue stream through an automated mechanism. Under the design Kulechov described, buybacks would execute without requiring committee approval on each cycle, making repurchases a standing feature of how the protocol distributes economic output to token holders.
The Kraken Equity ContextThe CoinDesk report described a deal in which Payward would receive 250,000 AAVE tokens and a 15% common equity stake in Aave Group, with Payward also seeking to syndicate the deal. The $385 million valuation sits below AAVE’s fully diluted token valuation of roughly $1.52 billion at current prices.
Kulechov’s pushback, reported by Unchained, drew a structural distinction between Aave Group as a corporate entity and the AAVE token as the economic vehicle. The equity in Aave Group represents a claim on the corporate service provider, which under AWW receives DAO-funded development budget but retains no protocol or product revenue. The AAVE token captures all of that economic output. Aave Labs holds its own AAVE token allocation, and Kulechov said multiple market participants have discussed purchasing it through long-term partnerships.
Payward’s interest follows its integration of Aave technology through Kraken’s Layer 2 network Tydro. The Defiant reported Thursday on Kulechov’s initial dispute of the deal framing. Kraken has made no public statement on the status of the talks.
AAVE PriceAAVE was trading around $95 Friday morning, up roughly 13.5% over the prior 24 hours and up about 27% on the week, per CoinGecko. The token’s market cap stood at approximately $1.44 billion, against total value locked on Aave of $12.46 billion, per DefiLlama.
Aavenomics 3.0 governance details have not yet been published on the forum; the quarterly call is where Kulechov indicated the full specification would be released.
Aave confirmed Saturday that Aavenomics 3.0 is now active, with automated AAVE token buybacks running and DAO operational spending reduced, completing a governance roadmap the protocol has built toward since mid-2024.
Aave’s governance framework confirms that Aavenomics 3.0 is now active, with automated AAVE token buybacks running and DAO operational spending reduced, completing a governance roadmap the protocol has built toward since mid-2024.
The activation follows passage of the Aavenomics Part One ARFC and the Aave Will Win framework, which together established the immutable buyback and revenue-routing structure now live. Protocol revenue currently runs at approximately $402 million annualized, based on DefiLlama’s trailing seven-day window, with all-time fees exceeding $2.21 billion. Buybacks under the prior discretionary program had already acquired more than 205,000 AAVE tokens, roughly 1.28% of total supply, since launching in April 2025, per Aave’s governance forum.
Automated Buyback MechanicsThe original buyback mandate, passed as the Aavenomics Part One ARFC in early 2025, authorized the Aave Finance Committee to execute $1 million per week in AAVE purchases from secondary markets for the first six months of the mandate. That program was committee-directed: the AFC could resize, pause, or redirect it without a protocol-level change.
Aavenomics 3.0 replaces that structure with an immutable, non-discretionary mechanism that routes all Aave Protocol and GHO revenue to AAVE holders without requiring committee sign-off on each cycle.
Aave founder Stani Kulechov outlined the design Thursday, describing “immutable and automated buybacks of AAVE” as the core update. The Defiant reported Thursday on Kulechov’s initial public remarks as he disputed reports of discounted stake talks with Kraken’s parent company.
DAO Spending ReductionThe spending cut runs in parallel. In March 2026, governance passed an ARFC reducing the annual buyback budget from approximately $50 million to $30 million, citing a 25% decline in borrow fee revenue from its peak and an optimistic 2026 operational budget of $190 million against 2025’s $142 million in annual revenue. The adjustment also shifted primary buyback funding from stablecoins to ETH-correlated assets, using the DAO’s approximately $40 million in ETH holdings to reduce stablecoin drawdown.
The reduction preserves around $20 million annually in stablecoin reserves for service providers and growth programs. At the adjusted pace, the DAO acquires an estimated 292 AAVE per day.
The broader revenue framework was established by the Aave Will Win (AWW) proposal, proposed in late March 2026 and launched in April 2026. Under AWW, 100% of revenue from Aave Protocol, GHO, and Aave-branded products flows to the DAO treasury. Aave Labs operates solely as a DAO service provider with no direct claim on protocol revenue.
AAVE PriceAAVE was trading around $97.83 Saturday morning, up roughly 10% over the prior 24 hours and up about 32% on the week, per CoinGecko. Market cap stood at approximately $1.49 billion, with Aave’s total value locked at $12.45 billion, per DefiLlama.
GHO, Aave’s native stablecoin, circulates at roughly $598 million, per DefiLlama, contributing incremental fee income alongside lending revenues.
Bitcoin is the largest pool of value in crypto, but on its own, it cannot touch Ethereum’s world of lending, borrowing, and yield. Wrapped Bitcoin is the bridge. This guide explains how WBTC works, the mint-and-burn model behind it, the alternatives, and the custodial risks that set it apart from holding real BTC.
Summary
Wrapped Bitcoin (WBTC) is an ERC-20 token on Ethereum backed 1:1 by real Bitcoin held in reserve by a custodian, letting Bitcoin’s value be used inside Ethereum’s decentralized finance ecosystem. It exists because native Bitcoin cannot operate inside Ethereum smart contracts, so WBTC bridges the largest pool of crypto value into the largest arena for DeFi. WBTC works through a mint-and-burn model run by three parties: custodians who hold the Bitcoin, merchants who handle verification and distribution, and users, all overseen by the WBTC DAO. WBTC tracks Bitcoin’s price and can be used for lending, borrowing, yield farming, and as collateral, but it is not the same as holding native BTC because it adds custodial, smart contract, and bridge risks. Alternatives such as Coinbase’s cbBTC and the more decentralized tBTC offer different custody models, and the choice among them comes down to which trust assumptions you are comfortable with. Table of Contents
Why Bitcoin needs wrappingHow the mint-and-burn model worksWho governs WBTC, and why it mattersA worked example: putting Bitcoin to workWBTC versus native Bitcoin and the alternativesRisks and what to check before wrappingFrequently Asked Questions Wrapped Bitcoin, known by its ticker WBTC, is an ERC-20 token that runs on the Ethereum blockchain and is backed 1:1 by real Bitcoin held in reserve, so that one WBTC is always meant to equal one Bitcoin. Its entire purpose is to solve a fundamental incompatibility in crypto: Bitcoin, the largest and most valuable cryptocurrency, lives on its own blockchain and cannot natively participate in the decentralized finance applications built on Ethereum, because those applications run on smart contracts that Bitcoin’s design does not support.
An enormous amount of crypto wealth sits in Bitcoin, while an enormous amount of programmable financial activity happens on Ethereum, and for years, there was no way to bring the two together. Wrapped Bitcoin is the bridge. By locking real Bitcoin with a custodian and issuing an equivalent Ethereum token against it, WBTC lets Bitcoin holders put their Bitcoin’s value to work inside Ethereum’s ecosystem, lending it, borrowing against it, trading it, supplying it to liquidity pools, and using it as collateral, all without selling their Bitcoin exposure. It was the first widely adopted way to do this, and it remains one of the most integrated.
The idea is simple, but the details are where the important nuances live, and they are worth understanding before using WBTC, because the convenience comes with trade-offs that holding plain Bitcoin does not have. A wrapped token introduces extra parties and extra trust assumptions, and the question of who holds the underlying Bitcoin, and whether you can always get it back, sits at the center of the whole arrangement.
This guide explains what WBTC is, why it is needed, exactly how the mint-and-burn mechanism works, who the custodians and merchants are, and why they matter, a concrete example of using WBTC in practice, how it compares to native Bitcoin and to newer alternatives like cbBTC and tBTC, and the specific risks that come with holding a wrapped asset rather than the real thing. The aim is to let you decide whether wrapped Bitcoin fits your needs or whether plain Bitcoin is the cleaner choice.
Why Bitcoin needs wrapping To understand why WBTC exists, you have to understand a basic limitation of Bitcoin. Bitcoin was designed as a secure, decentralized system for holding and transferring value, and it does that job extremely well, but its scripting language is deliberately limited and is not built to run the complex, self-executing programs known as smart contracts.
Ethereum, by contrast, was built specifically to run smart contracts, and decentralized finance, the ecosystem of lending protocols, decentralized exchanges, and yield platforms, is constructed almost entirely on Ethereum and similar smart-contract blockchains.
The consequence is that Bitcoin, despite being the largest store of value in crypto, simply cannot plug into these applications directly. A Bitcoin holder who wanted to earn yield or use their holdings as collateral in DeFi had no native way to do so.
This is the gap wrapping fills. The core problem is one of interoperability, the ability to use an asset from one blockchain on another, and wrapping is one of the earliest and most widely used solutions to it. By representing Bitcoin as a token that conforms to Ethereum’s technical standards, specifically the ERC-20 standard that Ethereum applications are built to recognize, wrapped Bitcoin makes Bitcoin-linked value fully usable inside the Ethereum environment.
The ERC-20 standard is a set of rules that makes a token fully compatible and interchangeable across Ethereum’s smart contracts, so a wrapped Bitcoin token can be lent, borrowed, swapped, and used as collateral exactly like any other Ethereum token.
Wrapping, therefore, reduces the fragmentation between Bitcoin’s huge liquidity and Ethereum’s rich application layer, turning Bitcoin from an asset that sits outside DeFi into one that can be put to work within it. That is the entire reason wrapped Bitcoin was created, and why it found immediate demand.
How the mint-and-burn model works The mechanism that keeps wrapped Bitcoin backed 1:1 by real Bitcoin is called mint and burn, and it relies on a three-party system of custodians, merchants, and users.
The custodian is a regulated entity that holds the actual Bitcoin in secure reserve; for WBTC, this role has been played by the digital-asset custody firm BitGo. The merchant is an intermediary, such as an exchange or crypto business, that interacts with users, performs the necessary identity and compliance checks, and distributes the wrapped tokens. The user is the person who wants to convert between Bitcoin and wrapped Bitcoin. These three parties, coordinated by a set of smart contracts, keep the supply of WBTC matched to the Bitcoin held in reserve.
The process works in two directions. To create, or mint, wrapped Bitcoin, a user requests WBTC from a merchant, who carries out know-your-customer and anti-money-laundering checks to verify the user’s identity. The merchant then sends the corresponding Bitcoin to the custodian, who holds it in reserve and mints an equal amount of WBTC on Ethereum, which makes its way to the user.
To reverse the process, or burn the tokens, a user who wants their Bitcoin back submits a redemption request, the WBTC is destroyed in what is called a burn transaction, and the custodian releases the equivalent Bitcoin from reserve. Because every WBTC in existence is meant to correspond to a Bitcoin locked with the custodian, the token maintains its 1:1 peg, and its price tracks Bitcoin’s price closely.
Importantly, both the minting and the burning are recorded publicly on the Ethereum and Bitcoin blockchains, so anyone can verify the activity, and the system is periodically subjected to proof-of-reserve checks that confirm the Bitcoin backing actually exists. This transparency is meant to give holders confidence that the wrapped tokens are genuinely backed, though, as the risks section explains, it does not remove the reliance on the custodian.
Who governs WBTC, and why it matters A wrapped token raises an obvious question: who controls the system, decides which custodians and merchants are trusted, and can change how it works. For WBTC, the answer is a decentralized autonomous organization known as the WBTC DAO, a governing body made up of a group of stakeholders that has included prominent names in the crypto space.
The DAO operates through a multi-signature wallet, meaning that changes require the agreement of multiple keyholders rather than any single party, and its members can vote to add or remove custodians and merchants and to make changes to the smart contracts on which the system runs. This governance structure exists specifically to reduce the centralization risk that would come from a single company controlling the entire arrangement, spreading authority across a set of stakeholders instead.
Why this matters became vivid in 2024, in what served as the clearest real-world stress test of WBTC’s governance. The custodian BitGo announced a change to its custody arrangements involving a partnership with another firm, and that change sparked significant concern across decentralized finance because of the new partner’s perceived links to a controversial figure and ecosystem.
The episode mattered because it went to the heart of the trust assumption underlying WBTC: holders were trusting that the Bitcoin backing their tokens was held safely and by parties they considered reliable, and a change in who effectively controlled that custody was enough to shake confidence and prompt many users and protocols to reconsider. It also accelerated the rise of alternative wrapped Bitcoin products with different custody models.
The lesson is that the governance and custody arrangements of a wrapped token are not background details; they are central to its safety, because the whole value of WBTC rests on the Bitcoin being there and being controlled by trustworthy parties. Who governs the system, and how, is therefore something a prospective holder should actually look into rather than take for granted.
A worked example: putting Bitcoin to work A concrete example shows why someone would bother wrapping their Bitcoin in the first place. Imagine a person named Ezra who holds $2,000 worth of Bitcoin and believes in it as a long-term holding, but who also wants to earn a return on that value instead of letting it sit idle. The problem is that the lending protocol Ezra wants to use, which would pay interest on deposited assets, runs on Ethereum, and Ezra’s Bitcoin cannot be deposited there directly because it lives on a different blockchain that the protocol cannot interact with. Without wrapping, Ezra’s only options would be to sell the Bitcoin for an Ethereum-native asset, giving up his Bitcoin exposure, or to leave it earning nothing.
Wrapping solves this. Ezra converts his Bitcoin into wrapped Bitcoin, either by going through a merchant to mint it directly or, more commonly for an ordinary user, by simply swapping his Bitcoin for WBTC on an exchange or decentralized exchange, which avoids the need to interact with the custodians himself. Now holding WBTC, which is an Ethereum token tracking Bitcoin’s price 1:1, Ezra can deposit it into the lending protocol and earn interest, all while his position still rises and falls with the price of Bitcoin. He has kept his Bitcoin exposure and put it to work at the same time. Beyond lending, WBTC opens the same doors that any Ethereum token enjoys: Ezra could supply it to a liquidity pool on a decentralized exchange to earn trading fees, use it as collateral to borrow other assets, or deposit it into yield strategies.
A further practical benefit is speed, since transactions in WBTC settle on Ethereum, which produces blocks far more frequently than Bitcoin, so moving wrapped Bitcoin between Ethereum wallets and applications is quicker than moving native Bitcoin. This is the everyday appeal of wrapped Bitcoin: it lets Bitcoin holders participate in the full range of Ethereum-based finance without selling the Bitcoin they want to keep.
WBTC versus native Bitcoin and the alternatives It is essential to be clear that wrapped Bitcoin is not the same as holding native Bitcoin, even though the two share a price.
With native Bitcoin, the only real question about safety is whether you control your own private keys; if you do, the Bitcoin is yours, secured by the Bitcoin network itself. With WBTC, the question expands considerably, because you are now also relying on the custodian to actually hold the backing Bitcoin, on the integrity of the reserves, on the governance of the system, and on the redemption process working when you want to convert back.
You may hold the WBTC token in your own wallet, but the wrapped asset still depends on institutional actors operating correctly behind the scenes. WBTC tracks Bitcoin’s market value, but it does not inherit Bitcoin’s trust model, and that difference is the single most important thing to understand about it. If your only goal is to hold Bitcoin for the long term and you have no interest in DeFi, native Bitcoin is the cleaner and simpler choice.
The 2024 custody controversy spurred the growth of alternative tokenized Bitcoin products, and they are worth knowing because they offer different trade-offs. One prominent alternative is cbBTC, issued by the exchange Coinbase, which appeals to users who already trust Coinbase’s custody and operate within its ecosystem. Another is tBTC, built by the Threshold Network, which is designed to avoid reliance on a single custodian in favor of a more decentralized model, appealing to users for whom minimizing custodial trust matters more than convenience.
There are others as well, and the broader point is that the tokenized Bitcoin market has become fragmented, offering distinct choices for different priorities. The decision among them is fundamentally about trust model and use case instead of price, since they all track Bitcoin: choose WBTC for the deepest liquidity and the widest integration across established DeFi protocols, choose cbBTC if you prefer Coinbase’s custody, choose tBTC if avoiding a single custodian is your priority, and choose native Bitcoin if you do not need DeFi at all. Wrapped Bitcoin products are tools for a specific purpose, not upgrades to Bitcoin.
Risks and what to check before wrapping The risks of wrapped Bitcoin all stem from the fact that it adds layers of trust on top of simply holding Bitcoin, and understanding them is essential before wrapping any meaningful amount. The primary risk is custodial centralization. Because the wrapped token is only as good as the Bitcoin held in reserve, the failure of the custodian, whether through a hack, insolvency, mismanagement, or loss of access, could impair the backing and leave holders with tokens that no longer correspond to real Bitcoin.
This is not a theoretical concern: history offers cautionary examples of wrapped or bridged Bitcoin products that became impossible to redeem after the entity backing them failed, turning Bitcoin-backed tokens supposedly into worthless or stranded assets. The custody arrangement is the foundation, and if it fails, everything built on it fails with it.
Several other risks compound the custodial one. Smart contract risk means that bugs or vulnerabilities in the Ethereum-side code, or errors in governance, could affect the token. Bridge risk arises when wrapped Bitcoin is moved onto other networks, such as Ethereum layer-two chains, through additional bridges, since each bridging layer adds another set of trust assumptions and another potential point of failure, and you may encounter bridged representations that wrap an already-wrapped token, compounding the risk further. Governance risk means that the parties controlling the system could make decisions, such as the contested custody change, that holders dislike or distrust. And regulatory risk means that official actions could affect redemptions or lead to address restrictions.
The practical advice that follows from all this is to verify before you wrap: check which specific wrapped token and contract you are holding, understand its custody model and who controls the reserves, confirm that proof-of-reserve attestations are current, and make sure you understand the redemption path back to native Bitcoin.
Reviewing the custodian’s transparency, the governance records, and any reputable audits or incident reports before committing meaningful funds is simply prudent. Wrapped Bitcoin is a useful tool that fills a real gap, but it should never be treated as identical to the Bitcoin it represents, because the trust model behind it is fundamentally different.
Frequently Asked Questions What is Wrapped Bitcoin (WBTC) in simple terms? Wrapped Bitcoin is an Ethereum token backed one-to-one by real Bitcoin held in reserve by a custodian, so one WBTC is meant to always equal one Bitcoin. It exists because native Bitcoin cannot be used inside Ethereum’s decentralized finance applications, which run on smart contracts that Bitcoin does not support. By locking real Bitcoin and issuing an equivalent Ethereum token against it, WBTC lets Bitcoin holders use their Bitcoin’s value for lending, borrowing, trading, and collateral within Ethereum’s ecosystem, without selling their Bitcoin exposure. It tracks Bitcoin’s price closely because every WBTC corresponds to a Bitcoin in reserve.
How does Wrapped Bitcoin work? It works through a mint-and-burn model involving three parties: custodians who hold the Bitcoin, merchants who handle verification and distribution, and users. To create WBTC, a user requests it from a merchant who performs identity checks, the corresponding Bitcoin is sent to the custodian, and an equal amount of WBTC is minted on Ethereum. To convert back, the user submits a redemption request, the WBTC is burned, and the custodian releases the Bitcoin. Both minting and burning are recorded publicly on both blockchains, and proof-of-reserve checks confirm the backing exists. The whole system is overseen by the WBTC DAO.
Is Wrapped Bitcoin the same as Bitcoin? No, and this distinction is crucial. WBTC tracks Bitcoin’s price and can be redeemed one-to-one for Bitcoin, but it is not the same as holding native Bitcoin. With native Bitcoin, your only real concern is controlling your private keys. With WBTC, you also depend on the custodian actually holding the backing Bitcoin, on the reserves being intact, on the governance functioning, and on redemption working. WBTC shares Bitcoin’s price but not its trust model. If you only want to hold Bitcoin long term and do not need decentralized finance, native Bitcoin is the cleaner, simpler choice.
What can you do with Wrapped Bitcoin? WBTC opens up the full range of Ethereum-based decentralized finance to Bitcoin’s value. Because it behaves like any Ethereum token, it can be lent out to earn interest, used as collateral to borrow other assets, supplied to liquidity pools on decentralized exchanges to earn trading fees, and deposited into yield strategies. This lets a Bitcoin holder earn returns or access liquidity while keeping their Bitcoin exposure, instead of selling. WBTC transactions also settle on Ethereum, which produces blocks far more frequently than Bitcoin, so moving wrapped Bitcoin between Ethereum wallets and applications is faster than moving native Bitcoin.
What are the alternatives to WBTC? The main alternatives are other tokenized Bitcoin products with different custody models. cbBTC, issued by Coinbase, suits users who trust Coinbase’s custody and ecosystem. tBTC, built by the Threshold Network, is designed to avoid reliance on a single custodian in favor of a more decentralized model, appealing to those who prioritize minimizing custodial trust. The tokenized Bitcoin market is fragmented, and the choice among options comes down to trust model and use case instead of price. WBTC offers the deepest liquidity and widest DeFi integration, cbBTC offers Coinbase custody, tBTC offers more decentralization, and native Bitcoin is best if you do not need DeFi.
What are the risks of Wrapped Bitcoin? The main risk is custodial centralization: because WBTC is only as good as the Bitcoin held in reserve, the failure of the custodian through a hack, insolvency, or loss of access could impair the backing, and history includes wrapped Bitcoin products that became unredeemable after their backers failed. Additional risks include smart contract vulnerabilities, bridge risk when WBTC is moved to other networks, governance decisions that holders may distrust, and regulatory actions affecting redemption. Before wrapping, verify which token and contract you hold, understand the custody model and reserves, confirm proof-of-reserve attestations, and make sure you understand the redemption path back to native Bitcoin.
This article is educational information, not financial advice. Wrapped Bitcoin and decentralized finance involve significant risks, including custodial failure, smart contract vulnerabilities, and loss of funds. Details of custodians, governance, and alternatives reflect information available as of June 26, 2026, and can change. Verify the current custody model, reserves, and redemption process of any wrapped token from primary sources, and consider your own circumstances before making any decision.
27 June 2026 | 10:32 While most of the crypto market has been selling on macro fears, Solana has been doing something different: rising.
Key Takeaways SOL is outperforming the market on a specific catalyst: tokenized stocks. It rallied roughly 13% since June 9. SOL led Friday’s bounce with a +9% daily gain, the strongest among large caps. The broader downtrend is still intact, with all three SMAs above price. SOL is decoupling from the broader tape, and the reason might be a specific narrative that the rest of the market doesn’t have right now, tokenized stocks.
The Tokenized Stocks Catalyst Solana has become the default blockchain for tokenized equity trading in 2026, offering 24/5 trading, near-instant settlement, and DeFi compatibility. Since that narrative ignited around June 9, SOL has rallied roughly 13% against a market that was simultaneously making new lows while Bitcoin for example lost 4.5% and Ethereum dipped 6.5% for the same period. According to Santiment, social volume and social dominance for tokenized Solana spiked sharply, the conversation is new, concentrated, and still building.
The thesis is straightforward: more tokenized assets on Solana means more transaction demand, more fee revenue, and more structural reasons to hold SOL as the network’s native asset. Whether that demand materializes at scale is still unproven, but it’s the first catalyst in 2026 to give SOL a story independent of the macro mood, which is exactly why it’s been able to move against the market rather than with it.
Friday’s Bounce, and What Santiment Read Into It The decoupling showed up clearly in Friday’s session, where SOL led the broad market bounce with a +9% daily gain, the strongest single-day move among large caps, with Bitcoin Cash adding +6%. Santiment’s read was cautiously constructive: capital rotated into quality names rather than speculative coins, which suggests risk appetite still exists in the market. The open question heading into next week is whether that bounce holds or fades into the kind of relief-rally pattern that has rolled over before.
The Short-Term Chart At the time of writing, SOL trades at $71.98, up 2.4% on the day, while Bitcoin is down 0.4% and Ethereum is roughly flat, the daily outperformance continuing. The June selloff had taken price from around $84 to a June 5 low near $64, a drop of roughly 24% in under two weeks. Since then, SOL has consolidated in the $65-$74 range, posting higher lows over the past week. Today’s candle carries a large green volume bar, the biggest buying volume since the June 5 low, which supports Santiment’s read that Friday’s move had real participation behind it rather than being thin.
The levels mean different things depending on your time frame. For a shorter-term view, $66-$68 and $74-$75 are the boundaries that define whether the consolidation holds or breaks. For a longer-term view, the structural downtrend, price below all three declining moving averages, remains the dominant signal regardless of how the range resolves in the near term. The short-term story and the long-term structure are pointing different directions right now, and that gap is what makes the next move worth watching.
Why the Trend Is Still Down For all the short-term strength, the broader structure remains bearish, and that’s worth stating plainly. All three moving averages are declining and stacked above price, the 50-day at $77.71, the 100-day at $81.43, and the 200-day at $95.51, leaving SOL trading roughly $6 below even its nearest average. That confirms the larger downtrend is intact despite the bounce. RSI tells the more hopeful side: at 49.71 it has recovered from deeply oversold levels to near neutral, the first time since early May it’s been this close to 50, which suggests momentum is shifting but hasn’t confirmed a reversal.
Zoom out to the year and the context sharpens. SOL fell from around $115 in late January, sold off through March and April, managed a recovery to roughly $98 in April-May before rolling over, and bottomed at $64 in June. The year-to-date pattern is a clear series of lower highs and lower lows. What makes the current move notable is that the tokenized-stocks narrative is the first catalyst all year to generate a sustained counter-trend move rather than a brief bounce.
The setup comes down to a tension between story and structure. SOL has a genuine, building narrative in tokenized stocks that has let it outperform a falling market, and Friday’s volume suggests the move is real. But the trend is still down, the moving averages are still overhead, and $74-$75 has rejected every attempt to break higher.
It looks like the two levels that matter are $66-$68 on the downside and $74-$75 on the upside, a hold of support keeps the consolidation and the narrative alive, while a clean break above resistance could be the first technical confirmation that the tokenized-stocks story is strong enough to turn the trend, not just interrupt it. Which way it resolves is what next week answers.
This article is for informational purposes only and does not constitute financial advice. Consult a professional before making investment decisions.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Key Takeaways OpenAI introduced a restricted preview of the GPT-5.6 family featuring three models: Sol, Terra, and Luna These names echo Solana’s SOL token and the infamous Terra/Luna blockchain that imploded in 2022 According to OpenAI, the naming convention represents different performance levels with no cryptocurrency connection Sol serves as the premium tier, Terra functions as the intermediate option, and Luna operates as the budget-friendly choice Government officials requested OpenAI maintain limited access during the initial rollout phase On Thursday, OpenAI revealed its GPT-5.6 model lineup, introducing three distinct tiers branded as Sol, Terra, and Luna. The naming choices immediately triggered discussions throughout cryptocurrency communities due to obvious parallels with prominent blockchain initiatives.
Introducing a limited preview of GPT-5.6 Sol, our next generation frontier model, as well as GPT-5.6 Terra, a balanced model for efficient, everyday work, and GPT-5.6 Luna, a fast and affordable model for high-volume work.https://t.co/OoM83SyISN
— OpenAI (@OpenAI) June 26, 2026
Sol corresponds to the trading symbol for Solana, currently ranking among the top cryptocurrencies by total market capitalization. Meanwhile, Terra and Luna reference a blockchain platform that catastrophically failed in 2022, erasing approximately $60 billion in investor holdings.
OpenAI explicitly stated the naming scheme carries zero connection to cryptocurrency projects. According to the organization, these designations simply distinguish varying capability levels within the model architecture.
Breaking Down the Model Capabilities Sol represents the premium offering, engineered for computationally intensive operations. Terra occupies the middle ground, delivering performance comparable to the earlier GPT-5.5 version while costing 50% less. Luna serves as the budget tier, prioritized for rapid processing and minimal expense.
The Sol variant introduces enhanced “max” and “ultra” reasoning capabilities. Its ultra configuration deploys multiple cooperative sub-agents to accelerate complex problem-solving workflows.
OpenAI highlighted that Sol achieves record performance on Terminal-Bench 2.1, a specialized evaluation measuring command-line programming proficiency. The company also reported advances in biological research applications and cybersecurity operations.
Regarding security applications, OpenAI confirmed Sol assists in vulnerability identification and remediation. However, the company emphasized the model remains below the “Cyber Critical” threshold defined in its internal safety protocols, preventing autonomous generation of complete working exploits.
Controlled Rollout and Security Validation This deployment doesn’t constitute a general public launch. OpenAI characterized it as a “limited preview” accessible exclusively to select vetted partners. The organization continues conducting comprehensive safety evaluations before expanding availability.
White House representatives allegedly requested OpenAI maintain restricted distribution while federal agencies finalize a forthcoming cybersecurity executive order structure.
OpenAI dedicated more than 700,000 GPU computation hours to automated adversarial testing, systematically probing for model vulnerabilities prior to release. Additionally, human security specialists conducted manual assessments exploring potential misuse scenarios.
The company explained its multi-layered defense approach incorporates model-embedded protections, live content filtering systems, and user account-level surveillance mechanisms.
API access pricing starts at $5 per million input tokens and $30 per million output tokens for Sol. Terra costs $2.50 input and $15 output per million tokens. Luna operates at $1 input and $6 output rates.
OpenAI additionally confirmed plans to deploy Sol on Cerebras infrastructure this July, targeting throughput speeds reaching 750 tokens per second.
The organization projects broader ChatGPT and API integration for all three models within the next several weeks.
PANews, June 27 – Ansem posted the latest market outlook on X, maintaining the previous view that U.S. stock indices and the memory chip sector are likely to stage a short-term peak soon, and expects the market to see sharp and violent swings in early Q3, with the moves resonating with the weakening of U.S. equities.
However, he noted that crypto markets represented by Bitcoin and Solana have already priced in some of the downside risks, and may subsequently chart an independent trend that strengthens while diverging from the macro moves in U.S. stocks. Meanwhile, although hot names are relatively resilient, they will still struggle to sustain independent rallies during broad market pullbacks.
On the trading side, Ansem issued a risk warning: highly leveraged long positions in bear market bottom ranges are extremely high-risk and prone to liquidation. He suggests spot investors cut back on frequent short-term trading and instead wait for the Q3 market pullback window to build positions in tranches.
Solana price climbed 4% to $71.80 in the last 24 hours, extending its lead among major tokens. The move beat Bitcoin’s 1.24% rise to $60,372 and the broader market’s 0.60% gain.
The crypto market value was close to $2.08 trillion as traders cautiously re-entered altcoins.
SOL is leading the crypto recovery among majors, rising more than 5% in the last 24 hours to become the biggest gainer among the top 10 coins by market cap.
Solana also attracted attention when the open interest increased by 10%, indicating increased futures activity. The growing open interest may indicate new positioning particularly in cases where price gains are followed. Bulls are keeping an eye on SOL, whether it gains enough momentum to revisit the area of $80.
Sentiment in the following sessions could also be affected by regulatory headlines. Full MiCA enforcement in Europe is forcing crypto firms to secure licenses. The anticipated signing of the CLARITY Act in the United States should minimize the uncertainty around digital assets.
SOL Open Interest Hits $5.24B as Options Demand Jumps Solana derivatives data indicated mixed positioning with traders decreasing volume, but maintaining leverage exposure. The total trading volume declined by 19% to $9.99 billion indicating a poor short term participation.
Nevertheless, open interest increased 3.30% to $5.24 billion, indicating that positions were still in the market. The activity of options increased, and volume increased 27.79 to $22.27 million.
Source: Coinglass data Options open interest also increased 17.14% to $49.47 million. The data suggests cautious traders are preparing for larger price swings, as market direction remains uncertain near current levels.
Solana ETF Market Sees Outflows as Funds Post Daily Gains According to Sosovalue, Solana ETF products realized a negative net outflow of 3.94 million each day. Total net assets were 755.51 million.
Source: Sosovalue data Bitwise’s BSOL recorded the only daily inflow, adding $1.99 million. It accumulated inflow of $889.86 million, which is the highest of the listed products. The majority of funds closed up, and profits were around 10% daily across the board. The rankings in net assets were still very concentrated.
Solana Price Holds $70 Support: Can Bulls Push Toward $80? The SOL price closed at around $71.93 at the time of writing. SOL rebounded after a solid move up from the $65 level to consolidate. The price recently found itself in an ascending channel before the bull market lost its steam around the $75 level.
The RSI was at 55.77 indicating balanced strength and an opportunity for further movement. Bullish momentum took a breather as MACD remained slightly positive.
Source: Tradingview If the future Solana outlook breaks out above $75, the next price target for Solana may be $80. If volume increases then the broader range may be around $84. But, a decline below $70 could diminish the setup. In that case, Solana price could revisit $68, followed by $65 support.
Kripto para piyasası, hafta boyunca yaşanan sert satış baskısının ardından hafta sonuna toparlanma sinyalleriyle giriş yaptı. Bitcoin (BTC), hafta içinde 58 bin dolara kadar gerileyerek son ayların en düşük seviyelerini test etmesinin ardından yeniden 60 bin doların üzerine çıkmayı başardı. Piyasadaki toparlanmaya öncülük eden varlıklardan biri olan Solana (SOL) ise güçlü alımlarla 70 dolar seviyesini aşarak yatırımcıların dikkatini çekti. Ethereum (ETH) ve XRP başta olmak üzere birçok büyük altcoinde de sınırlı da olsa yükselişler görülürken, son satış dalgasında önemli ölçüde değer kaybeden kripto para piyasasının toplam değeri yaklaşık 80 milyar dolar artarak yeniden 2,17 trilyon dolar seviyesine yükseldi.
Bitcoin 60 Bin Dolar İçin Mücadele Veriyor Bitcoin, haftaya güçlü bir başlangıç yaparak 65.500 dolara kadar yükselse de bu seviyelerde kalıcı olamadı. Satış baskısının artmasıyla birlikte fiyat önce 62 bin dolar, ardından 59 bin dolar seviyelerine kadar geriledi. Hafta içerisinde yaşanan son satış dalgasında BTC, 2024 sonlarından bu yana ilk kez 58 bin dolar seviyesini test etti. Analistler, bu düşüşte özellikle Strategy hisselerinde yaşanan sert değer kaybı ve genel piyasa risk iştahındaki zayıflamanın etkili olduğunu belirtiyor. Buna rağmen Bitcoin, hafta sonuna doğru yeniden toparlanarak 60 bin doların üzerine çıktı. Ancak uzmanlar, bu seviyenin kalıcı olarak aşılmasının kısa vadeli görünüm açısından kritik önem taşıdığına dikkat çekiyor.
Analistler: “60 bin dolar seviyesi Bitcoin için hem teknik hem de psikolojik açıdan en önemli direnç bölgelerinden biri olmaya devam ediyor.”
İlginizi Çekebilir: Ethereum’da Kritik Eşik: Her Şeyi Değiştirebilir!
Altcoin piyasasında ise toparlanma eğilimi dikkat çekiyor. Ethereum (ETH), hafta içinde gördüğü 1.510 dolar seviyesinden yükselerek yeniden 1.600 dolar bandına yaklaşırken, XRP ise yüzde 2’lik yükselişle 1,05 dolar seviyesinin üzerine çıktı. Günün en dikkat çeken büyük altcoini ise Solana (SOL) oldu. SOL fiyatı güçlü alımlarla 72 doların üzerine çıkarak büyük piyasa değerine sahip kripto paralar arasında en iyi performansı gösterdi. Öte yandan AAVE, çift haneli yükselişle 95 doların üzerine çıkarken, AVAX ve MORPHO da günün en fazla değer kazanan altcoin’leri arasında yer aldı.
Kripto Piyasasında Toparlanma Devam Edecek mi? Toplam kripto para piyasasının değeri son düşüşün ardından yaklaşık 80 milyar dolar artarak yeniden 2,17 trilyon dolar seviyesine yükseldi. Buna karşın Bitcoin’in piyasa hakimiyeti yüzde 56’nın altında kalmayı sürdürüyor. Analistler, hafta sonunda yatırımcıların özellikle Bitcoin’in 60 bin dolar seviyesindeki performansını ve Solana başta olmak üzere büyük altcoin’lerdeki yükselişin devam edip etmeyeceğini yakından izleyeceğini belirtiyor. Küresel makroekonomik gelişmeler ve jeopolitik riskler ise kısa vadede kripto para piyasasının yönü üzerinde etkili olmaya devam edebilir.
Değerlendirme Kripto para piyasası, hafta içinde yaşanan sert satışların ardından yeniden toparlanma sinyalleri veriyor. Bitcoin’in 60 bin doların üzerine çıkması, yatırımcı güveni açısından olumlu değerlendirilirken, Solana’nın 70 doların üzerindeki performansı altcoin piyasasına da destek sağladı. Ancak uzmanlar, yükselişin kalıcı olabilmesi için Bitcoin’in kritik direnç seviyelerini aşması ve piyasa genelinde işlem hacminin güçlenmesi gerektiğini vurguluyor.
Son dakika kripto para haberleri için hemen tıkla
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Trading activity across the decentralized finance (DeFi) ecosystem on Shiba Inu’s L2 blockchain, Shibarium, has disappeared, as DEX volume currently sits at zero.
At press time, Shibarium DEX volume stood at zero, according to data from DeFiLlama, reflecting extremely weak on-chain participation.
Zero Trades Since June 23 Decentralized exchanges operating on Shibarium, including WoofSwap and ShibaSwap, have recorded no trading activity since June 23. The last recorded DEX transaction on the network occurred on June 22, when traders exchanged just $60 worth of assets.
Furthermore, throughout most of June, daily trading volumes on these platforms remained below $100, underscoring the lack of activity across the ecosystem. The slowdown highlights Shibarium’s struggle to attract meaningful DeFi adoption since its launch.
Shibarium DEX Volumes Dwindling DEX Activity After the mainnet went live in August 2023, the network initially showed encouraging signs of growth. DEX volume reached $6,800 in October 2024 before climbing to $54,000 in December 2024.
However, activity weakened in the following months. Although the development team attempted to revive optimism by promising faster ecosystem growth and higher DEX participation, trading activity continued to decline.
Shibarium briefly recovered in September 2025, when DEX volume rose to $47,000, before reaching a cycle peak of $86,000 in December 2025. Since then, trading activity has entered a prolonged decline, with many days registering no transactions at all across Shibarium-based DEXes.
Since October 2024, Shibarium’s decentralized exchanges have processed a cumulative $2.66 million in trading volume. That figure remains lower than the amount of DEX volume established networks such as Ethereum and Solana regularly process in a single day.
One major reason behind the weak on-chain metrics is that most trading involving Shiba Inu ecosystem tokens still occurs on centralized exchanges rather than on Shibarium’s native applications.
At press time, SHIB generated $56.4 million in 24-hour trading volume, with most transactions taking place on centralized platforms such as Binance and Coinbase.
Total Value Locked Remains Modest Despite weak trading activity, Shibarium’s total value locked (TVL) currently stands at $21,495, representing a 1.89% increase over the past 24 hours. While the increase suggests some capital remains within the ecosystem, the figure remains modest compared to competing DeFi networks.
Meanwhile, overall network usage continues to weaken. Shibarium currently processes only 889 daily transactions, with smart contract interactions accounting for most of that activity. The trend suggests that user engagement across the network remains limited and that DeFi adoption on Shibarium has yet to gain meaningful traction.
Shibarium Daily Transaction 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 dropped to lows the market last saw before the May 2021 rally, with prices now gravitating toward key floor levels.
The broader crypto market downtrend has dealt a blow to Shiba Inu (SHIB), as it records steeper declines than most of the market due to its volatility as a meme coin. SHIB has collapsed more than 38% this year alone, after posting a massive 67% loss last year.
Amid the ongoing downturn, which has pushed Shiba Inu to lows last witnessed before the May 2021 rally, chart data has highlighted important areas of interest that investors should watch out for should the market rout persist.
Shiba Inu Hits 5-Year Low After recovering alongside the crypto market to $0.00000520 in mid-June, Shiba Inu faced a roadblock at this high, leading to a massive pullback. Over the 10-day period from June 16 to 25, SHIB recorded nine intraday losses and traded flat on June 22.
During this period, the meme coin dropped to a local bottom of $0.00000404 by June 25, which culminated in a 20% decline. Interestingly, this $0.00000404 price marked a 5-year low for Shiba Inu, as the asset last saw this area during the historic rally in May 2021.
SHIB Crashes to 2021 Lows Shiba Inu has since recovered from the $0.00000404 floor, but still trades within a critical area, as it has failed to break its lower-high pattern that has persisted since May 2025. SHIB is down nearly 23% this month, on track for its largest monthly loss since February 2025.
Key Floor Levels to Watch However, the possibility of steeper declines cannot be dismissed, as the broader crypto market fails to show any signs of a full-blown recovery. If the market suffers another selloff round from here, Shiba Inu could slump further to new lows.
Specifically, the first area of interest where prices could find solid support is $0.00000241, which aligns with the Fibonacci 1.272 extension. From the current position, Shiba Inu would have to drop by as much as 43% to reach this level.
Shiba Inu Floor and Resistance Levels If this area fails to hold, the second line of defense lies at the Fibonacci 1.414 extension sitting at the $0.00000155 price. Crashing to this area would mark a 77% year-to-date decline for Shiba Inu. Bulls will likely step in at this area, as it represents a good entry zone last seen in April 2021.
Shiba Inu Resistance Areas However, it remains unclear if SHIB could see such declines from its current position. The meme coin may have a fighting chance if it can reclaim key resistance levels such as the $0.00000676 area, which acted as support from October 2025 to January 2026 before the bears flipped it to resistance.
Above this level is the $0.00001027, which served as a potent defense area from June to October 2023 and then from April to October 2025 before bears breached it. If Shiba Inu can recover above both resistance areas and flip them into support, it could flip the trend for good, possibly eyeing the $0.00001980 target.
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.
Cover image via U.Today 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 burn rate saw a significant increase in the last 24 hours, rising 434.63% in this timeframe. The increase follows millions of SHIB sent to dead wallets, with the burn rate rising correspondingly.
According to the Shibburn website, 3.32 million SHIB were burned in the last 24 hours. Although this number seems small, it was much higher than the day before.
Shiba Inu saw its largest burn figure of the week when 5.5 million SHIB were burned on June 24. In the last seven days, a total of 26.52 million SHIB were burned, albeit with a 36.39% weekly drop.
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The weekly burn drop follows a bearish price action for Shiba Inu, which saw it drop four straight days before slightly rebounding. Meanwhile, the daily burn rate increase coincided with a rebound in Shiba Inu price.
At the time of writing, Shiba Inu had returned to the green, up 2.08% in the last 24 hours to $0.000004266, according to CoinMarketCap data. Shiba Inu remains down 8.8% weekly.
Shiba Inu hits oversold levelsThe market saw a drop earlier in the week as investors assessed May's personal consumption expenditures price index reading, the Federal Reserve's preferred inflation gauge, released on Thursday.
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The core inflation rate excluding food and energy prices hit an annual rate of 3.4% in May, the highest since October 2023, and on a monthly basis rose 0.3% from April.
Shiba Inu has steadily declined since mid-June, marking only one green day out of 12 since then. The drop has pushed Shiba Inu momentum indicators below oversold levels. The daily RSI has fallen below the oversold level of 30, now sitting at 26.
The market often rebounds when the RSI confirms oversold conditions; a reading below 30 by itself only indicates what has recently happened. In this regard, Shiba Inu may have yet to confirm oversold conditions, but the chances of a potential relief rally exist given the current oversold reading.
