Track market-moving stories before they get noisy

TLDR The Nasdaq Composite declined 0.2% Friday, marking its fifth consecutive session of losses, while the S&P 500 also retreated, with both indices recording weekly declines of more than 4% and nearly 2% respectively. Reports from the New York Times indicating OpenAI could postpone its public offering to 2027 intensified selling pressure in technology shares. Chip stocks experienced significant weakness following concerns about escalating memory and storage expenses after Apple increased pricing on MacBook and iPad products. Expectations of potential Federal Reserve interest rate increases strengthened following robust May Personal Consumption Expenditures data that sustained prospects for tighter policy. The Dow Jones outperformed competing indices with a modest weekly advance below 1%, benefiting from reduced technology sector allocation. American equity markets experienced turbulence throughout the week, with technology shares bearing the brunt of investor anxiety. The Nasdaq Composite extended its losing streak to five consecutive sessions on Friday, settling 0.2% lower. The S&P 500 also registered modest losses. Both benchmarks concluded the week with substantial declines.

Nasdaq 100 Sep 26 (NQ=F) The Dow Jones Industrial Average shed a modest 56 points, representing a 0.1% decline on Friday. Despite the daily loss, the blue-chip index managed to secure a weekly gain of less than 1%. The Dow’s limited technology sector representation provided insulation from the broader selloff.

Artificial Intelligence Skepticism Fuels Market Weakness Market participants have adopted a more cautious stance toward artificial intelligence investments. The sector confronted multiple headwinds this week, including questions about token economics and free cash flow generation, alongside intensifying competition from budget-friendly AI alternatives and Chinese rivals.

A New York Times article amplified the negative sentiment. The publication reported that OpenAI might delay its much-anticipated initial public offering from 2026 to 2027. This development dampened enthusiasm across the broader technology landscape.

Mizuho’s Daniel O’Regan, an analyst covering the sector, captured the prevailing sentiment. “Feels like every time I open Bloomberg or the WSJ there’s another negative AI headline,” he noted. He suggested the relentless stream of unfavorable coverage would likely continue unsettling individual investors.

Semiconductor manufacturers faced particularly acute pressure. Apple’s recent decision to increase prices on MacBook and iPad devices highlighted rising memory and storage component costs. Micron, a leading chipmaker, delivered solid quarterly results but cautioned that cost pressures would persist.

Hot Inflation Reading Revives Rate Hike Speculation The Federal Reserve’s favored inflation gauge, the Personal Consumption Expenditures index, registered an elevated reading for May. This data point reinforced the possibility that the central bank might implement a rate increase this year, creating additional headwinds for growth-oriented and technology stocks.

Elevated interest rates typically present challenges for technology companies, whose valuations depend heavily on discounted future earnings projections. Any indication of potential borrowing cost increases disproportionately affects these securities compared to other market segments.

Nevertheless, not all indicators painted a bearish picture. Market breadth metrics remained constructive. Approximately two-thirds of S&P 500 constituents continued trading above their 200-day moving averages at week’s end.

David Donabedian, a senior investment strategist at CIBC Private Wealth, characterized the week’s price action as a recalibration rather than a structural breakdown. He observed that defensive sectors including health care, real estate, and consumer staples demonstrated resilience, while industrials and technology absorbed the heaviest losses.

Oil prices also retreated during the week. Brent crude declined to approximately $72 per barrel while West Texas Intermediate traded near $69. Shipping activity in the Strait of Hormuz persisted despite an incident involving a container vessel, alleviating some supply concerns. The United States and Iran reached agreement on a 60-day ceasefire, though regional tensions persist.

Investors now turn their attention to a holiday-shortened trading week ahead. The June employment situation report arrives Thursday and will receive close scrutiny for additional insights regarding economic momentum and monetary policy trajectory.

Market activity across the Jito network has accelerated significantly of late. 

The protocol has generated $1.75 billion in gross revenue, making it one of the strongest-performing projects in the Solana ecosystem. Most of that revenue—about 81%—came from MEV rewards, while staking rewards accounted for the remainder.

These metrics suggest Jito’s infrastructure is handling more economic activity as users continue to rely on the protocol for staking and MEV services. That’s not all though as that growth is also beginning to show up elsewhere.

Source: DefiLlama Is the revenue growth translating into user activity? In fact, network participation has strengthened over the past few days too.

The number of active addresses registered a major hike, pointing to significant engagement across the ecosystem. At the same time, trading volume expanded by nearly 90% to $102 million over the last 24 hours.

These metrics often move together.

More active addresses usually indicate broader user participation, while an uptick in trading volume often means capital may be flowing back into the market. Together, they seemed to paint a picture of increasing network activity rather than a short-lived spike in speculation.

That makes the recent revenue milestone more meaningful too. It is evidence that the protocol isn’t just attracting attention—it is also generating sustained economic activity.

Source: Santiment Is the market beginning to recognize that growth? Well, the improving fundamentals are now starting to appear on the chart too.

After spending months consolidating, JTO broke above a bullish flag pattern on the daily timeframe. Since then, the price has continued to respect an ascending trendline that has produced multiple rebounds since early May.

If the momentum holds, the trendline resistance could be the next target for the token’s buyers.

In fact, the technical structure appeared to be catching up with what on-chain data has been showing for weeks. Whether the breakout develops into a larger rally will ultimately depend on whether network activity continues to expand.

At the time of writing, the latest metrics hinted at a bullish run continuation. Revenue has been growing, users are becoming more active, and trading participation registered a hike too.

In other words, the recent price breakout may simply be the market beginning to reflect those improving fundamentals.

Source: TradingView Final Summary Jito generated $1.75 billion in protocol revenue, highlighting sustained network usage. Hike in active addresses and a $50 million uptick in trading volume coincided with JTO’s breakout above a multi-month bullish flag.

The crypto market has faced a tough week of trading. Since Monday, June 22, Bitcoin [BTC] has fallen 8.6%, from $65.6k to $60k. During this time, Mantle [MNT] prices have slid by 21.6%, from $0.541 to $0.416.

In the past 24 hours alone, MNT prices were down by just under 10%. The daily trading volume has increased by 44%, which indicates heightened selling activity as prices slid lower.

The Mantle price drop was influenced by Bitcoin, which in turn reacted to macro market news. Inflation was on the rise. Data from the Bureau of Economic Analysis showed that the personal consumption expenditures price index (PCE) was up 4.1% year-on-year in May 2026, reaching a 3-year high.

This triggered a sell-off, and long liquidations sent prices reeling lower. Mantle’s long-term price trend was bearish, and the recent losses reinforced this bias.

MNT slips below key long-term support Source: MNT/USDT on TradingView The 1-week chart of MNT highlighted the importance of the $0.55 support level. The buyers have defended it since early 2024. Losing this critical long-term support level meant the long-term trend was now bearish.

The RSI was at 32.7 and not yet at oversold conditions. The OBV has bounced since last July but was slowly sliding lower, too.

This week’s losses meant the altcoin is likely to drop to the $0.319 support level soon, and possibly even lower.

Traders’ call to action- Wait to sell the bounce Source: MNT/USDT on TradingView The 4-hour timeframe showed a bearish swing structure. The latest downward continuation signal came when the $0.506 lower low was broken on Wednesday, June 24.

The RSI was deep in oversold conditions, and the OBV’s downward moves were much more apparent than on the weekly timeframe.

This, combined with the break of the weekly support, meant that the current H4 swing move lower was over, or close to being over. A bounce is likely to commence from here, reaching the key Fibonacci retracement targets overhead.

Therefore, a bounce into the golden pocket at $0.526-$0.556 would offer a selling opportunity.

Final Summary The Bitcoin price drop earlier this week spurred the heavy MNT losses as market participants sought not to endure the rocky seas. Traders can wait for a price bounce toward $0.55 before selling.

Viewpoint: If AI sales grow strongly, the return on capital expenditure for AI operators is expected to turn positive within 24 months.

Renowned researcher Oguz Erkan’s data analysis indicates that based on current capital costs, operating margins of hyperscale cloud service providers, and depreciation periods, the return on investment (ROI) for AI capital expenditure will turn positive when AI revenue reaches roughly 1.7 to 1.8 times depreciation and amortization. Currently, AI revenue is approximately 1.2 times capital expenditure depreciation. Erkan projects that if AI sales grow robustly, the ROI is expected to turn positive within 24 months.

33 minutes ago

Michael Saylor: Strategy is operational

Michael Saylor issued a statement noting that Bitcoin is operating normally, and so are we (Strategy).

33 minutes ago

A renowned Chinese hedge fund manager has warned that global AI stocks have formed a "super bubble".

Two renowned Chinese hedge fund managers have warned that global AI stocks have formed a "super bubble" and are on the verge of bursting. Yang Dong, founder of Ningquan Asset, explicitly warned in the "2026 Semi-Annual Investment Report" released on June 23 that a "super bubble" has formed in global AI stocks, and a crash may be imminent. The report bluntly stated that a large number of hot A-share stocks are very likely to drop by 80% or even over 90% in the future, adding that "if one lacks the ability to pull chestnuts out of the fire and emerge unscathed, taking such risks would be irresponsible to investors." Yang Dong accurately predicted the peak of the 2007 bull market. Separately, Li Bei, founder of Shanghai-based Banxia Investment, noted in her June 21 monthly report "To Banxia Investors" that "the triggering conditions for the AI bubble to burst have emerged." Taking Anthropic's ARR (Annualized Run Rate) as an example, she argued that revenue growth at downstream model companies has slowed significantly, their full-year results are likely to fall well short of market expectations, and a subsequent decline in capital expenditure is highly probable.

33 minutes ago

An address linked to Vitalik has transferred 7,000 ETH, and is likely to deposit the funds into a centralized exchange (CEX).

According to monitoring by Onchain Lens, a wallet linked to Vitalik, labeled "0xD04", transferred 7,000 ETH (valued at $11.06 million) to a new wallet. Based on the address’s historical transaction records, the ETH is highly likely to be deposited into a centralized exchange (CEX). Earlier, the same wallet transferred 1,300 ETH (worth $31.6 million), which was subsequently deposited into Paxos. The wallet currently holds 20,001 ETH, valued at $31.6 million.

33 minutes ago

Hong Kong government: Regulated stablecoins are expected to launch between mid-year and the second half of this year.

Hong Kong’s government stated in a written response to the Legislative Council that the Hong Kong Monetary Authority (HKMA) granted stablecoin issuer licenses to two bank-backed institutions in April 2026. Per the institutions’ existing business plans, Hong Kong’s regulated stablecoins are projected to launch between mid-year and the second half of this year. The government added that the HKMA has sent notices to unregulated entities conducting stablecoin issuance in the market to clarify legal requirements, and will continue to follow up on related matters; individual cases may be referred to the police or the Department of Justice if necessary. Additionally, the government will submit a bill to the Legislative Council this year to establish a regulatory regime for virtual asset trading, custody, advisory and management service providers.

33 minutes ago

The Israeli military will reduce its forces stationed in southern Lebanon.

According to Israel's Army Radio, the Israeli military will reduce its forces stationed in southern Lebanon and withdraw several combat brigades.

33 minutes ago

Whale Garrett Jin places $21.73 million ZEC short order, will become Hyperliquid's largest ZEC holder after execution

PANews June 27 news, according to on-chain analyst Ember's monitoring, half an hour ago Garrett Jin placed a limit order for a ZEC short position worth $21.73 million at a price of $418.9, with $4.93 million filled so far and an order worth $16.8 million still waiting to be filled. Once fully executed, he will be the largest ZEC holder on Hyperliquid. In addition, this whale's 1,270 BTC long position opened at $76,117 has an unrealized loss of $20.15 million.

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Europol Seizes Approximately $47 Million in Illicit Cryptocurrency in a Law Enforcement Operation

PANews Newsflash18 minutes ago

Viewpoint: If AI sales grow strongly, the return on capital expenditure for AI operators is expected to turn positive within 24 months.

Renowned researcher Oguz Erkan’s data analysis indicates that based on current capital costs, operating margins of hyperscale cloud service providers, and depreciation periods, the return on investment (ROI) for AI capital expenditure will turn positive when AI revenue reaches roughly 1.7 to 1.8 times depreciation and amortization. Currently, AI revenue is approximately 1.2 times capital expenditure depreciation. Erkan projects that if AI sales grow robustly, the ROI is expected to turn positive within 24 months.

19 minutes ago

Michael Saylor: Strategy is operational

Michael Saylor issued a statement noting that Bitcoin is operating normally, and so are we (Strategy).

19 minutes ago

A renowned Chinese hedge fund manager has warned that global AI stocks have formed a "super bubble".

Two renowned Chinese hedge fund managers have warned that global AI stocks have formed a "super bubble" and are on the verge of bursting. Yang Dong, founder of Ningquan Asset, explicitly warned in the "2026 Semi-Annual Investment Report" released on June 23 that a "super bubble" has formed in global AI stocks, and a crash may be imminent. The report bluntly stated that a large number of hot A-share stocks are very likely to drop by 80% or even over 90% in the future, adding that "if one lacks the ability to pull chestnuts out of the fire and emerge unscathed, taking such risks would be irresponsible to investors." Yang Dong accurately predicted the peak of the 2007 bull market. Separately, Li Bei, founder of Shanghai-based Banxia Investment, noted in her June 21 monthly report "To Banxia Investors" that "the triggering conditions for the AI bubble to burst have emerged." Taking Anthropic's ARR (Annualized Run Rate) as an example, she argued that revenue growth at downstream model companies has slowed significantly, their full-year results are likely to fall well short of market expectations, and a subsequent decline in capital expenditure is highly probable.

19 minutes ago

An address linked to Vitalik has transferred 7,000 ETH, and is likely to deposit the funds into a centralized exchange (CEX).

According to monitoring by Onchain Lens, a wallet linked to Vitalik, labeled "0xD04", transferred 7,000 ETH (valued at $11.06 million) to a new wallet. Based on the address’s historical transaction records, the ETH is highly likely to be deposited into a centralized exchange (CEX). Earlier, the same wallet transferred 1,300 ETH (worth $31.6 million), which was subsequently deposited into Paxos. The wallet currently holds 20,001 ETH, valued at $31.6 million.

19 minutes ago

Hong Kong government: Regulated stablecoins are expected to launch between mid-year and the second half of this year.

Hong Kong’s government stated in a written response to the Legislative Council that the Hong Kong Monetary Authority (HKMA) granted stablecoin issuer licenses to two bank-backed institutions in April 2026. Per the institutions’ existing business plans, Hong Kong’s regulated stablecoins are projected to launch between mid-year and the second half of this year. The government added that the HKMA has sent notices to unregulated entities conducting stablecoin issuance in the market to clarify legal requirements, and will continue to follow up on related matters; individual cases may be referred to the police or the Department of Justice if necessary. Additionally, the government will submit a bill to the Legislative Council this year to establish a regulatory regime for virtual asset trading, custody, advisory and management service providers.

19 minutes ago

The Israeli military will reduce its forces stationed in southern Lebanon.

According to Israel's Army Radio, the Israeli military will reduce its forces stationed in southern Lebanon and withdraw several combat brigades.

19 minutes ago

Viewpoint: If AI sales grow strongly, the return on capital expenditure for AI operators is expected to turn positive within 24 months.

Renowned researcher Oguz Erkan’s data analysis indicates that based on current capital costs, operating margins of hyperscale cloud service providers, and depreciation periods, the return on investment (ROI) for AI capital expenditure will turn positive when AI revenue reaches roughly 1.7 to 1.8 times depreciation and amortization. Currently, AI revenue is approximately 1.2 times capital expenditure depreciation. Erkan projects that if AI sales grow robustly, the ROI is expected to turn positive within 24 months.

19 minutes ago

Michael Saylor: Strategy is operational

Michael Saylor issued a statement noting that Bitcoin is operating normally, and so are we (Strategy).

19 minutes ago

A renowned Chinese hedge fund manager has warned that global AI stocks have formed a "super bubble".

Two renowned Chinese hedge fund managers have warned that global AI stocks have formed a "super bubble" and are on the verge of bursting. Yang Dong, founder of Ningquan Asset, explicitly warned in the "2026 Semi-Annual Investment Report" released on June 23 that a "super bubble" has formed in global AI stocks, and a crash may be imminent. The report bluntly stated that a large number of hot A-share stocks are very likely to drop by 80% or even over 90% in the future, adding that "if one lacks the ability to pull chestnuts out of the fire and emerge unscathed, taking such risks would be irresponsible to investors." Yang Dong accurately predicted the peak of the 2007 bull market. Separately, Li Bei, founder of Shanghai-based Banxia Investment, noted in her June 21 monthly report "To Banxia Investors" that "the triggering conditions for the AI bubble to burst have emerged." Taking Anthropic's ARR (Annualized Run Rate) as an example, she argued that revenue growth at downstream model companies has slowed significantly, their full-year results are likely to fall well short of market expectations, and a subsequent decline in capital expenditure is highly probable.

19 minutes ago

An address linked to Vitalik has transferred 7,000 ETH, and is likely to deposit the funds into a centralized exchange (CEX).

According to monitoring by Onchain Lens, a wallet linked to Vitalik, labeled "0xD04", transferred 7,000 ETH (valued at $11.06 million) to a new wallet. Based on the address’s historical transaction records, the ETH is highly likely to be deposited into a centralized exchange (CEX). Earlier, the same wallet transferred 1,300 ETH (worth $31.6 million), which was subsequently deposited into Paxos. The wallet currently holds 20,001 ETH, valued at $31.6 million.

19 minutes ago

Hong Kong government: Regulated stablecoins are expected to launch between mid-year and the second half of this year.

Hong Kong’s government stated in a written response to the Legislative Council that the Hong Kong Monetary Authority (HKMA) granted stablecoin issuer licenses to two bank-backed institutions in April 2026. Per the institutions’ existing business plans, Hong Kong’s regulated stablecoins are projected to launch between mid-year and the second half of this year. The government added that the HKMA has sent notices to unregulated entities conducting stablecoin issuance in the market to clarify legal requirements, and will continue to follow up on related matters; individual cases may be referred to the police or the Department of Justice if necessary. Additionally, the government will submit a bill to the Legislative Council this year to establish a regulatory regime for virtual asset trading, custody, advisory and management service providers.

19 minutes ago

The Israeli military will reduce its forces stationed in southern Lebanon.

According to Israel's Army Radio, the Israeli military will reduce its forces stationed in southern Lebanon and withdraw several combat brigades.

19 minutes ago

The US military struck Iranian missile and drone storage facilities on June 26, 2026, following a drone attack on a Singapore-flagged commercial vessel in the Strait of Hormuz. The vessel, the M/V Ever Lovely, was targeted on June 25, 2026, in one of the most strategically sensitive waterways on the planet.

Iran’s Islamic Revolutionary Guard Corps did not sit quietly. The IRGC announced it had retaliated by targeting US military positions across the region, accusing Washington of violating previously established ceasefire conditions.

What happened and why it matters The US strikes hit missile and drone storage sites as well as coastal radar installations inside Iran. That last target is significant: coastal radar is what Iran uses to track shipping traffic through the Strait of Hormuz.

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This exchange is part of a broader pattern of escalating tit-for-tat actions between Washington and Tehran that has accelerated through 2026, erupting following extensive US-Israeli military operations targeting Iranian military and leadership enclaves in late February 2026.

Bitcoin dropped below $73,000 during the initial US strikes on Iran in May 2026, triggering nearly $1 billion in leveraged liquidations across the market.

Bitcoin as a geopolitical barometer By the time the June escalation unfolded, Bitcoin was already trading in the $61,000 to $62,000 range, a meaningful retreat from the levels it held before the conflict intensified.

The nearly $1 billion in liquidations during the May strikes underscores how leveraged the crypto market remains. Leveraged positions amplify both gains and losses, and when a macro shock hits, margin calls cascade through the system rapidly.

The Strait of Hormuz angle adds an oil price dimension to the equation. If maritime traffic through the strait faces sustained disruption, energy prices climb. Higher energy prices feed inflation concerns, which complicate the Federal Reserve’s policy posture, which in turn affects how investors weigh risk assets including crypto.

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

British billionaire investor Jeremy Grantham has argued that Bitcoin will gradually lose its significance over time and that, in the long run, its value could approach zero. Speaking in an interview on CNBC, Grantham described Bitcoin as non-functional and highly speculative.

Sharp criticism directed at BitcoinAs a co-founder of investment firm GMO and well-known for identifying financial bubbles, Grantham reiterated his warnings in his latest assessment of Bitcoin. Instead of a sudden crash, he predicted a slow, prolonged decline in value stretched across several years. Grantham believes this descent will not come with dramatic collapses, but rather through a gradual drop in relevance.

Jeremy Grantham maintains that rather than experiencing a sudden crash, Bitcoin will steadily lose strength over the years and ultimately become irrelevant.

He also dismissed the argument that Bitcoin is a reliable hedge or a robust store of value. Pointing to times when the cryptocurrency’s price halved even amid strong economic conditions, Grantham made clear he does not see Bitcoin as a stable measure of value.

Gold comparison and debate over practical useGrantham highlighted that gold saw a strong rally over the same period and used this comparison to challenge the narrative that Bitcoin offers protection in times of crisis. According to him, Bitcoin’s price swings are pronounced and difficult to predict, undermining its credibility as a safe haven asset.

He further argued that Bitcoin is not used as actual money in everyday economic life. People rarely use it for routine transactions or supermarket shopping, Grantham observed, concluding that Bitcoin’s practical functionality remains highly questionable.

In Grantham’s view, Bitcoin is neither a trustworthy store of value nor a widely used payment mechanism in daily life—leaving its basic function ambiguous.

Criticism of the network structure and underlying valueGrantham also took aim at Bitcoin’s proof-of-work system, which underpins the network’s security. He highlighted the substantial energy consumption required for Bitcoin mining, asserting that this setup fails to create something economically valuable.

Glossary: Proof-of-work is a consensus mechanism where miners use computational power to validate transactions on the blockchain. The Bitcoin network relies on this system, which has sparked debate due to its high energy usage in exchange for network security.

According to Grantham, the Bitcoin ecosystem is driven mainly by price expectations rather than tangible financial fundamentals. He stressed that it does not generate dividends or represent an asset that produces cash flow or has physical backing, arguing that the system is largely based on collective belief.

Grantham’s remarks have reignited longstanding debates over Bitcoin’s practical usage, its effectiveness as a store of value, and the sustainability of its underlying technology. The statements once again spotlight the divide between traditional finance circles and digital asset proponents when it comes to evaluating the fundamental value of crypto assets.

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.

Viewpoint: If AI sales grow strongly, the return on capital expenditure for AI operators is expected to turn positive within 24 months.

Renowned researcher Oguz Erkan’s data analysis indicates that based on current capital costs, operating margins of hyperscale cloud service providers, and depreciation periods, the return on investment (ROI) for AI capital expenditure will turn positive when AI revenue reaches roughly 1.7 to 1.8 times depreciation and amortization. Currently, AI revenue is approximately 1.2 times capital expenditure depreciation. Erkan projects that if AI sales grow robustly, the ROI is expected to turn positive within 24 months.

14 minutes ago

Michael Saylor: Strategy is operational

Michael Saylor issued a statement noting that Bitcoin is operating normally, and so are we (Strategy).

14 minutes ago

A renowned Chinese hedge fund manager has warned that global AI stocks have formed a "super bubble".

Two renowned Chinese hedge fund managers have warned that global AI stocks have formed a "super bubble" and are on the verge of bursting. Yang Dong, founder of Ningquan Asset, explicitly warned in the "2026 Semi-Annual Investment Report" released on June 23 that a "super bubble" has formed in global AI stocks, and a crash may be imminent. The report bluntly stated that a large number of hot A-share stocks are very likely to drop by 80% or even over 90% in the future, adding that "if one lacks the ability to pull chestnuts out of the fire and emerge unscathed, taking such risks would be irresponsible to investors." Yang Dong accurately predicted the peak of the 2007 bull market. Separately, Li Bei, founder of Shanghai-based Banxia Investment, noted in her June 21 monthly report "To Banxia Investors" that "the triggering conditions for the AI bubble to burst have emerged." Taking Anthropic's ARR (Annualized Run Rate) as an example, she argued that revenue growth at downstream model companies has slowed significantly, their full-year results are likely to fall well short of market expectations, and a subsequent decline in capital expenditure is highly probable.

14 minutes ago

An address linked to Vitalik has transferred 7,000 ETH, and is likely to deposit the funds into a centralized exchange (CEX).

According to monitoring by Onchain Lens, a wallet linked to Vitalik, labeled "0xD04", transferred 7,000 ETH (valued at $11.06 million) to a new wallet. Based on the address’s historical transaction records, the ETH is highly likely to be deposited into a centralized exchange (CEX). Earlier, the same wallet transferred 1,300 ETH (worth $31.6 million), which was subsequently deposited into Paxos. The wallet currently holds 20,001 ETH, valued at $31.6 million.

14 minutes ago

Hong Kong government: Regulated stablecoins are expected to launch between mid-year and the second half of this year.

Hong Kong’s government stated in a written response to the Legislative Council that the Hong Kong Monetary Authority (HKMA) granted stablecoin issuer licenses to two bank-backed institutions in April 2026. Per the institutions’ existing business plans, Hong Kong’s regulated stablecoins are projected to launch between mid-year and the second half of this year. The government added that the HKMA has sent notices to unregulated entities conducting stablecoin issuance in the market to clarify legal requirements, and will continue to follow up on related matters; individual cases may be referred to the police or the Department of Justice if necessary. Additionally, the government will submit a bill to the Legislative Council this year to establish a regulatory regime for virtual asset trading, custody, advisory and management service providers.

14 minutes ago

The Israeli military will reduce its forces stationed in southern Lebanon.

According to Israel's Army Radio, the Israeli military will reduce its forces stationed in southern Lebanon and withdraw several combat brigades.

14 minutes ago

In brief Strategy’s flagship preferred stock drifted further away from its $100 par value, setting another record low as Bitcoin’s price steadied. Analysts have grown increasingly fixated on the company’s capital structure, particularly recurring costs tied to Stretch (STRC). As the Bitcoin-buying firm’s stockpile sat $13.1 billion underwater, Michael Saylor emphasized Strategy’s focus on disciplined capital allocation. Strategy’s flagship preferred stock tumbled again on Friday when U.S. markets opened, setting another record low as Bitcoin lingered below the $60,000 mark.

After the opening bell, the dividend-paying product known as Stretch (STRC) swiftly fell to a new low of $71.25 before firming to $75.30, a nearly 0.5% decrease on the day, according to Yahoo Finance. That marked a nearly 25% decline from the level at which STRC is engineered to trade.

The preferred stock’s recent weakness has intensified focus on the Bitcoin-buying firm’s capital structure, with analysts calling on Strategy Executive Chairman and co-founder Michael Saylor to shore up more cash to withstand the company’s recurring costs.

In an X post, Saylor acknowledged that “volatility tests every capital structure,” while emphasizing that the company remains focused on the leading digital asset by market cap, “disciplined capital allocation, credit quality, and long-term value creation.”

Over the past week, Bitcoin’s price has fallen roughly 5% to $60,130, a slight recovery compared to a 21-month low of $58,188 on Thursday, according to CoinGecko. The period has been marked by intense outflows from exchange-traded funds and a looming options expiry, with $10.6 billion worth of positions drawing closer to settlement on Deribit.

On Thursday, Andy Baehr, managing director of asset management crypto trading firm GSR, told Decrypt that market observers are trying to clock Strategy’s cash burn as STRC’s volatility tests the faith of swaths of investors who bought the product likened to a bank account.

“They suspect that Michael Saylor has painted himself into a corner, and that his tablets of commandments may crumble,” he said. “I reckon that most [STRC] buyers did not sign up for a 25% drawdown. They came for yield.”

In less than a year, Strategy has issued more than $10 billion worth of STRC, resulting in what CryptoQuant described this week as ballooning costs. The company had $2.25 billion to manage dividends and debt in January, but since then, its cash cushion has worn relatively thin.

The South Korean analytics platform noted that, as Strategy’s stash of Bitcoin trades underwater, any sales beyond its liquidation of 32 Bitcoin announced earlier this month could crystalize losses for common shareholders and erode shareholder value.

The company’s stock fell as low as $82.33 before momentarily turning positive on the day. At $85.80 apiece, the company’s shares had ticked up roughly 0.5% on Friday.

At Bitcoin's recent price, Strategy’s stockpile of 847,363 BTC was worth close to $51 billion, or around $13.1 billion underwater. 

Nic Carter, founding partner of investment firm Castle Island Ventures, posited in an X post on Thursday that Strategy will need to hike STRC’s dividend for an eighth time since its introduction, assessing the product through the lens of a junk bond investor.

Although STRC currently offers an 11.5% annual dividend, the implied yield becomes higher for investors as it drifts further away from its $100 par value. At its current level, investors are essentially demanding more than 15% returns to gain exposure to the product.

“Because the structure is unsustainable and requires the perpetual monetization of the common equity, which is trading near par,” he added, “it will continue to trade at a discount unless Strategy hikes the yield on STRC to the appropriate range, which is 15-20% in my opinion.” 

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

PANews June 27 news, according to SoSoValue data, yesterday (Eastern Time June 26) Bitcoin spot ETF total net outflow was $445 million.

Yesterday's single-day net outflow leader among Bitcoin spot ETFs was Blackrock ETF IBIT, with a single-day net outflow of $445 million. As of now, IBIT's historical total net inflow has reached $60.766 billion.

As of press time, the total net asset value of Bitcoin spot ETFs stands at $72.818 billion, the ETF net asset ratio (market cap as a percentage of Bitcoin's total market cap) has reached 6.08%, and the historical cumulative net inflow has reached $51.606 billion.

Bitdeer Maintains Zero Bitcoin Holdings, Sells 253.9 BTC This Week

PANews June 27 news, Nasdaq-listed Bitcoin mining company Bitdeer released its latest Bitcoin holdings data on X platform. As of the week of June 26, its Bitcoin mining output was 253.9 BTC, but it sold 253.9 BTC in the same period, resulting in a net increase of 0 BTC, and it still maintains zero Bitcoin holdings.

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This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together

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Ripple CEO Brad Garlinghouse has openly challenged Strategy Chairman Michael Saylor’s Bitcoin buying model, stating that financial engineering cannot replace real-world utility. 

His comments come while Strategy continues to accumulate more bitcoin, even when Bitcoin continues to fall close to $58,000.

Ripple CEO Says Saylor Is Focusing on the Wrong StrategySpeaking in a recent CNBC interview, Garlinghouse said that crypto companies should focus on building products people actually use instead of relying on financial engineering to boost Bitcoin holdings. 

“Financial engineering does not drive long-term value.” “The long-term value of any digital asset is going to be driven by utility.”

According to Garlinghouse, assets that provide real-world use naturally attract demand, liquidity, and trust over time. Simply borrowing more money to buy additional Bitcoin does not create lasting value.

He also took direct aim at Michael Saylor’s approach, saying that 

“Team Michael Saylor wasn’t focused on the right stuff, and that has hurt the overall market.”

He said this type of financial engineering may generate short-term excitement, but it does little to create lasting value for the crypto industry.

Leverage Is Making Bitcoin Drops WorseFurther, in an interview, Garlinghouse said that the strategy saw gains during Bitcoin’s rally, and it is now creating even more pressure during the market crash.

“I think because they were using leverage… You start to see that in a place that can actually compound negatively.”

He specifically pointed to Strategy’s STRC preferred shares, which now trade roughly 25% below their $100 par value, calling it “a pretty damning indictment.”

He described Bitcoin as “digital gold,” noting that transferring $300 billion worth of Bitcoin can be completed far faster and more efficiently than moving the same value in physical gold.

Ripple Pushes Institutional Blockchain AdoptionWhile praising Bitcoin’s role as digital gold, Garlinghouse pointed out Ripple’s different strategy. He said Ripple is focused on bringing traditional finance onto blockchain through XRP-powered payment infrastructure.

According to Garlinghouse, Ripple processed nearly $16 trillion in payment and prime brokerage volume last year through its expanding financial network.

As of now, Ripple’s XRP is trading around $1.05, seeing a jump of 2.5% in the last 24 hours.

Story Ends Here

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The cryptocurrency market is ending a turbulent week as the leading cryptocurrency, Bitcoin (BTC), fell below the critical $60,000 support level.

According to data from the analytics platform Santiment, Bitcoin is struggling to hold just above this psychological threshold, having experienced a weekly drop of approximately 4.6%. However, the price occasionally falling below $60,000 has fueled bearish sentiment on social media.

Following the sharp market downturn, the community is targeting Michael Saylor and his company MicroStrategy (now Strategy), who hold a massive amount of Bitcoin. The fact that Bitcoin’s price has lost more than 50% of its value since its peak of $126,000 in October has exhausted investors’ patience.

Shareholders and law firms are preparing to initiate legal proceedings following the sharp decline in MicroStrategy (MSTR) and Strategy (STRC) stock. Allegedly, Saylor and his company:

By making Bitcoin investments appear much more profitable than they actually are, By failing to adequately warn investors about the new accounting rules and the massive paper losses that Bitcoin’s high volatility could bring, He is accused of making misleading statements that violated US securities laws. Santiment analysts noted that this anger within the community could be a “scapegoat search” (FUD) stemming from the market downturn, and that the issue was one of the top 3 most talked-about topics on social media throughout the week.

The on-chain charts shared by Santiment reveal a rather interesting and risky paradox in the market:

Small wallets holding 0.01 BTC or less have increased their share of the total Bitcoin supply by 1% in the last 7 weeks. Although “$50,000” scenarios are being discussed on social media, small investors are viewing every dip as a buying opportunity. The large, institutional wallets holding between 10 and 10,000 BTC, which are the main drivers of the market, have sold off approximately 43,241 BTC in the last 7 weeks. The decrease in these wallets, especially in the last 10 days, reached 48,000 BTC. Santiment analysts issued the following warnings regarding the current situation:

“Normally, the scenario we want to see in the market is small investors panicking and big whales buying at the bottom. But right now, the opposite is happening; small investors are buying while big wallets are selling. This selling pressure from big wallets worries me quite a bit.”

In addition, projects such as Decentraland (MANA), Chainlink (LINK), Immutable X (IMX), and Shiba Inu (SHIB) also saw the highest active address and whale transfer activity in the last 90 days.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

PANews June 27 news, according to Bitcoin.com report, Europol recently led a joint operation codenamed "Endgame". The seizure was the result of collaboration among law enforcement agencies in Canada, Denmark, Germany, the Netherlands, and the United States. These agencies jointly cracked down on network infrastructure serving criminals, which used SocGholish, Amadey, and StealC — three key "Cybercrime-as-a-Service" (CaaS) malware — to collect victims' information and sensitive data. The law enforcement agencies took action against a total of 326 servers and 142 domains, seizing approximately $47 million worth of illegal cryptocurrency and recovering over 27 million stolen credentials.

Ripple has released its 2025 Ripple Impact Report, highlighting how blockchain technology and digital assets are being leveraged for humanitarian aid, education, financial inclusion, and research worldwide. According to the report, the company reached millions of people through various social initiatives across diverse regions and has increased investments directed at underserved communities throughout the year.

Key figures from Ripple’s latest reportThe report reveals Ripple contributed more than $70 million in 2025 alone to social impact projects, bringing its total social benefit funding to over $250 million since 2018. Ripple, known for developing payment infrastructure and digital asset solutions, emphasized the scale and reach of its impact initiatives in recent years.

Ripple President Monica Long emphasized that the company has moved beyond experimentation, bringing blockchain technology into real-world use cases within finance and humanitarian sectors.

Employee engagement was also a focal point, with the report noting 80% of Ripple’s staff participated in volunteering and donation-based activities. Additionally, the company’s University Blockchain Research Initiative program has expanded to 62 universities globally, demonstrating its commitment to fostering education in the industry.

Ripple noted that its products—including RLUSD and XRP Ledger—have been integrated into payment networks. These integrations aim to make money transfers faster and more efficient for a range of users worldwide.

Glossary: RLUSD is described as a stablecoin connected to the Ripple ecosystem. The XRP Ledger stands out as an open-source blockchain infrastructure used for payments and asset transfers.

Support for small businesses and veteransIn the United States, Ripple dedicated $25 million worth of RLUSD to small businesses with limited access to financing, as well as to job-seeking veterans and military spouses. The report also highlights a $53.6 million investment in small businesses via the Accion Opportunity Fund, further demonstrating Ripple’s commitment to financial inclusion.

The company detailed its ongoing five-year partnership with Mercy Corps Ventures, stating that their joint efforts have reached 14.4 million people across Africa and Latin America. Within this partnership, support was provided to 29 startups, 20 technology pilot programs were implemented, and more than $500 million in follow-on funding was enabled for participant companies.

ProgramAmountTotal 2025 contributionOver $70 millionTotal impact funding post-2018Over $250 millionUS small business program$25 million RLUSDAccion Opportunity Fund investment$53.6 millionInitiatives across Africa, Latin America, and educationOne project highlighted in the report is a drought response pilot in Kenya. By utilizing RLUSD in combination with satellite imaging and smart contracts, this initiative reduced transaction times by 95%, cut costs by 64%, and eased financial pressure for 85% of participants.

The report shared that, in the Kenya pilot, combining RLUSD, satellite data, and smart contracts led to a 95% reduction in transaction times and a 64% decrease in costs.

Ripple’s activities also extend to education and entrepreneurship. The University Digital Asset Xcelerator program supported nine startups built on the XRP Ledger, and 30% of these ventures secured further investment from 13 venture capital firms. Meanwhile, through the XRPL Student Builder Residency, 18 university students developed blockchain applications.

Based on the outcomes of its ongoing programs, Ripple announced plans to further expand the use of RLUSD and XRP Ledger in humanitarian aid, donations, research, financial inclusion, and educational initiatives in the coming years.

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.

PANews June 27 news, according to SoSoValue data, yesterday (Eastern Time June 26) XRP spot ETFs saw total daily net inflows of $15.632 million.

The XRP spot ETF with the largest net inflow yesterday was the Bitwise XRP ETF (XRP), with a single-day net inflow of $11.6648 million, bringing its historical total net inflows to $493 million.

It was followed by Franklin XRP ETF (XRPZ), with a single-day net inflow of $3.9673 million, and its historical total net inflows have reached $410 million.

As of press time, the total net asset value of XRP spot ETFs stands at $934 million, with an XRP net asset ratio of 1.44%, and cumulative historical net inflows have reached $1.47 billion.

Analysts are watching former resistance levels from 2023 and 2024 that could now become long-term support zones.

XRP is trading near the $1.00 level, down about 9% in the last seven days and more than 52% over the past year.

But UK-based technical analyst ChartNerd is suggesting that the deeper the Ripple token falls from here, the better the potential risk-reward setup becomes, with a possible demand zone between $0.90 and $0.70 if $1.00 gives way.

What the Charts Are Saying ChartNerd has been tracking this setup since at least June 12, when he published a thread laying out the macro picture. According to him, XRP spent most of 2023 and into late 2024, capped below $0.80/$0.70 resistance that acted as a ceiling up until there was a breakout in Q4 2024.

That breakout, he says, was what eventually pushed XRP to its all-time high of $3.65 in July 2025, and since then, the trend has gone the other way, with key moving averages lost and a weekly 20/50 EMA death cross confirming the structural change, and the asset dropping from its January 2026 peak of $2.40 all the way to where it is now.

Recall that in February, XRP hit a low of $1.12, after which it attempted a recovery, with a bunch of sideways trading eventually taking it near $1.55, where it was rejected. Per ChartNerd’s analysis, that rejection kick-started the current leg down to lows near $1.00 in June, putting it in what the market watcher called his “area of interest,” a zone where he has been keeping an eye out for a potential cycle bottom between now and Q4 2026.

In his view, the reason that zone matters is that the old resistance level from 2023 and 2024 could switch to support. And if XRP holds anywhere in the $0.90 to $0.70 range during any deeper market drop, the previous ceiling will become the floor.

“This is a high-interest support region, but confirmation still matters most, and we do not have it yet,” he wrote at the time.

But now, the analyst believes XRP’s decline is pushing it further into the area of interest, and the more it falls, “the stronger the risk-reward setup becomes.” He said that he’s also watching the 10-year Gaussian Channel, which, according to him, XRP is now entering, and which has not failed as a guardrail for as long as he has tracked it.

You may also like: XRP Selling Pressure Intensifies as Profit-to-Loss Ratio Reaches Multi-Year Low XRP’s Price Could Explode to $8, But This One Zone Is Holding It Back 5 Reasons Why Bitcoin Just Crashed Below $63K as Liquidations Top $500M On the timing question, ChartNerd stated in a different post that there is a “very strong likelihood” that a market bounce could happen in the coming weeks as June ends, something that is consistent with what Bitcoin tends to do in midterm years. However, he added a caveat: it will probably be a relief rally that leads to a final drop in the last quarter of the year.

The On-Chain Picture Elsewhere, analyst Ali Martinez said that XRP is testing a major volume block at $1.06, where on-chain data shows more than 830 million tokens changed hands. Below it, the next important clusters on the UTXO Realized Price Distribution are at $0.80, $0.62, and $0.51.

At the same time, another market watcher, CasiTrades, observed that XRP was at its “most critical moment” in the current cycle, with buy orders placed at $0.93 and a deeper Fibonacci level at $0.87, framing the current fear as part of how bottoms actually form, not as a reason to sell.

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Ethereum trades around its 200-day moving average near $1,668, the line that has separated its bull markets from its bear markets for years. Above it lies a path back toward $3,000. Below it lies an accumulation zone, the charts put as low as $600. The strangest part is that Ethereum’s fundamentals have never been stronger.

Summary

Ethereum trades around $1,650, hovering at its 200-day moving average near $1,668, a level that has historically divided its bull markets from its bear markets. The price is roughly 55-65% below its $4,953 August 2025 all-time high, in a year-long downtrend, even as Ethereum’s fundamentals reach record highs. About 35.8 million ETH, near 30% of supply, is staked, spot ETFs have drawn around $11.6 billion in cumulative inflows, and corporate treasuries hold over 6.2 million ETH, yet none of it has lifted the price. The $1,668 line is the pivot: holding above it keeps a recovery toward $2,300 to $3,000 alive, while losing the $1,580 to $1,600 floor opens a path toward a deep $1,039 to $603 accumulation zone. The catalyst that could flip the line is the Glamsterdam upgrade and a reversal in ETF and treasury flows, but until the macro tide turns, the strongest fundamentals in Ethereum’s history have not been enough. Ethereum is trading around $1,650, which places it almost exactly on the one line that, more than any other, has historically decided whether it is in a bull market or a bear market: its 200-day moving average, currently near $1,668.

For years, this long-term trend line has acted as the dividing line for Ethereum, with sustained periods above it coinciding with recoveries and rallies, and breaks below it preceding extended downtrends.

Right now, Ethereum sits on the knife’s edge of that line, and the direction it breaks will go a long way toward determining its path through the rest of 2026. What makes the moment genuinely strange, and what separates this prediction from a simple chart reading, is the backdrop against which the line is being tested.

Ethereum’s price is down roughly 55-65% from its all-time high near $4,950 set in August 2025, and it has spent the better part of a year grinding lower, yet by almost every fundamental measure, the network has never been in better shape.

More ether is staked than ever, more institutional money has flowed into Ethereum products than ever, and corporate treasuries are accumulating it at a scale that did not exist a year ago. The result is one of the sharpest contrasts in the market: the strongest fundamentals in Ethereum’s history paired with some of its weakest price action since 2022.

This piece is organized around that contrast and around the line that sits at its center. The reason to build an Ethereum prediction this way, rather than as a list of targets, is that Ethereum’s situation is fundamentally a question about whether fundamentals will eventually matter, and the 200-day moving average is where that question gets answered in real time.

If Ethereum holds the line and reclaims the levels above it, the case that its record fundamentals will reassert themselves gains force, and a path back toward $3,000 opens. If it loses the floor beneath the line, the chart points toward a deep accumulation zone far below, and the fundamentals will have failed, for now, to matter.

What follows traces how Ethereum reached this point, why the $1,668 line carries so much weight, the genuinely record-setting fundamentals on one side of the ledger, the bearish forces that have overwhelmed them on the other, the catalysts that could tip the balance, and concrete bull, base, and bear scenarios tied to the line itself.

One line, two futures Begin with why a single moving average deserves to anchor an entire prediction, because for Ethereum, the 200-day moving average has earned its significance. A moving average is simply the average price over a trailing period, in this case 200 days, and it smooths out short-term noise to reveal the underlying trend.

For Ethereum, the 200-day line has historically functioned as the boundary between bull and bear regimes: when the price trades and holds above it, Ethereum has tended to be in recovery or rally mode, and when it breaks decisively below it, extended downtrends have usually followed. That history is why traders treat this level with such respect, and why Ethereum, sitting right on it, near $1,668, is such a charged situation. The price is balanced precisely at the line that separates its two possible futures.

The levels around the line sharpen the stakes. Immediately below the current price, the $1,600-$1,650 area has held as the floor for 2026, the zone buyers have repeatedly defended, and a brief dip toward $1,580 during the June selloff was bought back. Above, the first resistance sits in the $1,700-$1,800 range, with a more significant barrier near $2,000 and the major structural hurdle at $3,000, where Ethereum would reclaim its long-term trend.

The asymmetry that worries bears is what lies beneath the floor. Technical analysts who map the downside warn that a decisive break below the $1,580 area and the broader monthly support could open a much deeper decline toward an accumulation zone they place between roughly $1,600, a drop of another 30-60% from current levels.

Ethereum daily price chart | Source: crypto.news So the line is not merely a number; it is the hinge between a recovery path toward $3,000 and an abyss toward $600, which is what makes holding or losing it the central question for Ethereum in 2026.

How ETH got here To understand why Ethereum is testing this line at all, you have to trace the decline from its peak, because the fall has been long and grinding rather than a single crash. Ethereum reached its all-time high near $4,950 in August 2025, lifted by enthusiasm around its newly launched exchange-traded funds and growing staking participation.

From that peak, the descent was relentless, with Ethereum closing out a long streak of red months, its worst such run in years, and sliding through the second half of 2025 and into 2026. 

By early 2026, it had fallen below $3,000, and the weakness continued through the spring, with the price working steadily lower in a descending channel of lower highs and lower lows that defined the year.

The June selloff that brought Ethereum to its current levels near $1,600 was the latest leg of this extended downtrend, not a sudden break from an otherwise healthy trend.

The causes were a convergence of pressures rather than any single shock. Broader risk-off sentiment across crypto, driven by macroeconomic uncertainty and concerns about the path of interest rates, weighed on Ethereum as a high-risk asset. Persistent outflows from spot Ethereum exchange-traded funds removed a key source of demand and, during the worst stretches, became active selling pressure.

Selling attributed to Ethereum’s own co-founder added to the bearish narrative. And Ethereum’s tendency to amplify Bitcoin’s moves meant that as Bitcoin slid toward $60,000, Ethereum fell harder, because it typically rises faster in bull conditions and declines more sharply in risk-off periods.

The cumulative effect was a year-long erosion that has left Ethereum testing the line that separates recovery from a deeper bear market, with the price having given back the majority of its gains from the prior cycle. That is the chart context. The fundamental context, remarkably, points the other way.

Why $1,668 matters so much It is worth dwelling on the significance of the line itself, because the entire technical case for Ethereum hinges on it, and the reasoning is not arbitrary. The 200-day moving average works as a regime indicator precisely because it filters out short-term volatility and captures the medium-to-long-term trend, which is why both technical traders and the algorithms that drive a large share of market activity pay close attention to it.

For Ethereum specifically, the historical record shows that this line has repeatedly marked the transition between bull and bear phases, so a sustained position above it tends to attract trend-following buyers and signal strength, while a decisive break below it tends to trigger trend-following selling and signal weakness. The line becomes partly self-fulfilling because so many participants treat it as meaningful that their collective behavior reinforces its importance.

Right now, the line is doing something subtle and worrying beneath the surface: even as the price hovers around it, the 200-day average itself has begun to slope downward, which technicians read as a sign of underlying long-term weakness instead of strength. A price clinging to a falling long-term average is in a more precarious position than one riding a rising average, because the trend line that is supposed to provide support is itself drifting lower.

This is why the current test is so consequential. If Ethereum can hold above the line, stabilize, and push back through the resistance levels above it, the long-term average can flatten and turn up, flipping the regime back toward recovery. If it loses the line and the floor beneath it, the falling average becomes overhead resistance, and the path of least resistance points toward the deep accumulation zone the bears identify.

The $1,668 line, in other words, is not just where the price happens to be; it is the level at which Ethereum’s medium-term fate is being decided.

The strongest fundamentals in Ethereum’s history Here is the contrast that makes Ethereum’s situation so unusual, and it deserves to be laid out fully, because on fundamentals, the network is arguably in the best shape it has ever been.

Start with staking, the mechanism by which holders lock up ether to help secure the network and earn a yield. As of early 2026, roughly 35.8 million ether, close to 30% of the entire circulating supply, is staked, secured by around one point one million validators, with a staking yield in the range of 2.8-3.5% annually.

That staked proportion has nearly tripled since early 2023, when about 11% of supply was staked, reflecting steadily growing confidence and the popularity of liquid staking and restaking. A large and rising share of supply locked in staking reduces the ether available to sell on the open market, a structurally supportive dynamic.

The institutional picture is equally striking. Spot Ethereum exchange-traded funds have attracted roughly 11.6 billion dollars in cumulative net inflows since launching, with the largest single product holding well over $6 billion in assets, giving traditional investors regulated access to ether and, through the staking yield increasingly available, a competitive income component. 

Beyond the funds, corporate treasuries have embraced ether as a reserve asset at a scale that did not exist a year earlier, collectively holding over 6.2 million ether, up from under 1 million in mid-2025, led by a treasury company that alone holds several million ether, a meaningful slice of the total supply.

Layered on top is an accelerating upgrade cadence, with major protocol improvements deployed in 2025 and a twice-yearly schedule of further upgrades designed to scale the network.

By every one of these measures, more staked, more institutional capital, more corporate adoption, more frequent upgrades, Ethereum’s fundamentals are at or near record strength. And none of it has stopped the price from falling, which is the puzzle the rest of the prediction has to confront.

The bear case: why the fundamentals have not mattered The hard truth for Ethereum bulls is that strong fundamentals have, so far, been no match for the forces pushing the price down, and understanding why is essential to any honest prediction. 

The first and most powerful force is the macro environment and Ethereum’s nature as a high-beta risk asset. Ethereum tends to amplify the broader market’s moves, so in a period of risk aversion, tightening financial conditions, and a sliding Bitcoin, Ethereum falls harder regardless of how strong its network fundamentals are, because the selling is driven by macro flows that do not care about staking ratios or upgrade schedules. When capital is fleeing risk, the quality of Ethereum’s fundamentals offers little protection.

The second force is the reversal of the very institutional demand that forms part of the bull case. The exchange-traded funds that brought billions into Ethereum have, during the downturn, seen persistent outflows, turning a source of demand into a source of selling and showing that institutional money can flee as readily as it arrived.

The third is a structural tension within Ethereum’s own design: the growth of layer-two networks, which handle transactions more cheaply by settling on Ethereum, expands the ecosystem’s usage but also reduces the fee pressure on the main chain, complicating the link between network activity and ether’s value.

The fourth is competition from other blockchains vying for the same developers, users, and capital, which caps the premium the market is willing to pay.

And the fifth is simply sentiment and narrative: with the price in a year-long downtrend and a co-founder seen selling, the story around Ethereum has soured, and narrative drives crypto prices more than fundamentals over any given stretch.

The bears’ summary is blunt: the ether trade may be structurally broken, with the token failing to capture the value its thriving network creates, and until the macro tide turns, the record fundamentals are a reason to watch instead of a reason the price must rise.

The catalysts that could flip the line For the fundamentals to start mattering, something has to change the flow of money and the narrative, and several potential catalysts could do exactly that, which is where the bull case regains its footing.

The most specific is the network’s continued upgrade path. A major scaling upgrade expected in the first half of 2026, followed by another in the second half, is designed to deliver measurable improvements to the main chain, and a successful, well-received upgrade could refresh the narrative around Ethereum, reminding the market of the network’s technical leadership and giving institutional and retail buyers a concrete reason to re-engage.

Upgrades have historically been catalysts for Ethereum when they land well, and the twice-yearly cadence means there are regular opportunities for a positive surprise.

The second catalyst is a reversal in the institutional flows. The exchange-traded fund outflows have been a primary drag, so a durable shift back to sustained inflows, perhaps helped by the staking yield making the funds more competitive against fixed-income products, would remove that selling pressure and could turn the funds back into the demand engine the bull case envisions.

The continued accumulation by corporate treasuries is a related signal; if treasuries keep buying through the weakness and the whale wallets that have been adding to positions during the dip prove to be the leading edge of renewed institutional conviction, the resulting supply squeeze, with so much ether staked and locked, could lift the price sharply once demand returns.

The third catalyst is macro: a shift toward easier monetary policy or a broader return of risk appetite would lift high-beta assets like Ethereum, and given how much it has fallen, the rebound could be substantial. The honest framing is that Ethereum has loaded the spring, with record fundamentals and locked supply, and the catalysts above are what could release it, but each depends on forces, especially the macro backdrop, that are not yet in place.

The bull, base, and bear cases for 2026 Tying the scenarios to the line and the catalysts makes them concrete. These are conditional ranges, not predictions, and each hinges on whether Ethereum holds its pivotal level and whether the catalysts arrive.

Bull case: Ethereum holds the $1,668 line, a well-received scaling upgrade refreshes the narrative, exchange-traded fund flows reverse back to sustained inflows, and a friendlier macro backdrop returns risk appetite. The locked supply from record staking amplifies the move as demand returns, and Ethereum recovers through resistance toward the $2,300-$3,000 zone, with the most bullish institutional targets pointing well above that over a longer horizon as the fundamentals finally reassert themselves Base case: Ethereum chops around the line for an extended period, holding the $1,580-$1,700 range as treasury accumulation offsets continued fund outflows, with the strong fundamentals preventing a collapse but the weak macro preventing a breakout. In this scenario, Ethereum grinds sideways near current levels, waiting for a catalyst, with direction deferred to the second half of the year. Bear case: Ethereum loses the $1,668 line and the $1,580 floor decisively, fund outflows continue, Bitcoin drags the market lower, and the falling long-term average becomes overhead resistance. The chart’s deep accumulation zone comes into play, and Ethereum declines toward the $1,000-$1,600 region the bears identify, with the record fundamentals failing, for this cycle, to matter against the macro tide. What to watch For anyone tracking whether Ethereum’s fundamentals will finally translate into price, the analysis points to a focused watchlist, and the first item is the line itself. Whether Ethereum holds the $1,668 200-day moving average and the $1,580 floor beneath it, or loses them decisively, is the single clearest signal of which scenario is unfolding, because that level marks the boundary between the recovery path and the deep-accumulation path.

A sustained reclaim of the resistance above the line would be powerfully bullish; a decisive break of the floor would be powerfully bearish. Everything else feeds into that binary.

The second item is the flow data. The exchange-traded fund outflows have been the primary drag, so a durable reversal to net inflows would be among the strongest possible signals that institutional demand is returning, while continued outflows would confirm the bearish reading. The behavior of corporate treasuries and large accumulating wallets matters alongside the funds; sustained buying through weakness supports the bull case, and any sign of treasuries slowing or selling would be a serious warning given how much of the supply-squeeze thesis rests on them.

The third item is the upgrade path and its reception, since a well-received scaling upgrade is the most concrete near-term catalyst that could refresh the narrative. And the fourth, as always, is the macro environment, because Ethereum’s high-beta nature means a shift in monetary policy or risk appetite would move it more than almost any network development.

The honest synthesis is that Ethereum is a coiled spring of record fundamentals and locked supply held down by a hostile macro tape, and the 200-day line is where the contest between the two is being decided.

Watch the line, watch the flows, and resist the temptation to assume that strong fundamentals must win quickly, because Ethereum’s entire recent history is a reminder that they have not.

Frequently Asked Questions Why is the $1,668 level so important for Ethereum? Because it is Ethereum’s 200-day moving average, a long-term trend line that has historically divided its bull markets from its bear markets. When Ethereum trades and holds above it, the network has tended to be in recovery or rally mode; when it breaks decisively below, extended downtrends have usually followed. Many traders and automated strategies treat the line as a regime indicator, which makes it partly self-fulfilling. With Ethereum sitting right on the line, the direction it breaks will signal whether a recovery toward $3,000 or a deeper decline toward the chart’s accumulation zone is more likely.

Why is Ethereum’s price falling when its fundamentals are so strong? Because macro forces and Ethereum’s nature as a high-risk asset have overwhelmed the fundamentals. Ethereum amplifies the broader market’s moves, so in a period of risk aversion, tightening conditions, and a sliding Bitcoin, it falls hard regardless of staking ratios or upgrades. The exchange-traded funds that had bought billions in inflows have seen persistent outflows, turning demand into selling. Layer-two growth complicates the link between network usage and ether’s value, competition caps the premium, and a soured narrative drives sentiment. Over any given stretch, flows and narrative move crypto prices more than fundamentals, which is why record fundamentals have not lifted the price.

How strong are Ethereum’s fundamentals right now? By most measures, the strongest in its history. Roughly thirty-five point eight million ether, near 30% of the supply, is staked, nearly triple the proportion of early 2023, which locks up supply. Spot exchange-traded funds have drawn around $11.6 billion in cumulative inflows, with the largest product holding over $6 billion. Corporate treasuries hold over 6.2 million ether, up from under 1 million in mid-2025. And the network is on an accelerating upgrade schedule. The contrast between these record fundamentals and the weak price is precisely what makes Ethereum’s current situation so unusual.

How low could Ethereum go? If it loses the $1,668 line and the $1,580 floor decisively, technical analysts who map the downside identify a deep accumulation zone between roughly $1,600, which would be another 30-60% below current levels. This is the bear scenario, not a forecast, and it depends on continued fund outflows, a falling long-term average turning into resistance, and Bitcoin dragging the market lower. The bull scenario, in which Ethereum holds the line and recovers toward $3,000, is equally coherent. Which path unfolds depends on the line, the flows, the upgrades, and the macro environment.

What could turn Ethereum’s price around? Several catalysts could flip the trend. A well-received scaling upgrade could refresh the narrative and give buyers a concrete reason to re-engage. A durable reversal of exchange-traded fund outflows back to sustained inflows would remove the primary drag and restore demand. Continued accumulation by corporate treasuries and large wallets, combined with the locked supply from record staking, could create a supply squeeze that lifts the price sharply once demand returns. And a shift toward easier monetary policy or renewed risk appetite would lift high-beta Ethereum substantially. Each depends on forces, especially the macro backdrop, that are not yet fully in place.

Is the “ETH trade” broken? That is the bears’ core argument: that Ether, the token, is failing to capture the value its thriving network creates, because layer-two growth reduces main-chain fee pressure, institutional flows have reversed, and the price has fallen for a year despite record fundamentals. The bull rebuttal is that the fundamentals have built a coiled spring of locked supply and structural demand that will release once the macro tide turns and a catalyst arrives, and that the current weakness is macro-driven instead of a permanent break. The honest position is that the question is unresolved, and the 200-day line is where the market is deciding it.

This article is information, not investment advice. The scenarios described are conditional ranges that depend on unresolved questions, not predictions, and Ethereum is highly volatile. Prices, flows, staking figures, and fundamentals reflect reporting available as of June 26, 2026, and can change quickly. Nothing here is a recommendation to buy or sell. Verify current data from primary sources and consider your own circumstances before making any decision 

PANews June 27 news, according to SoSoValue data, yesterday (U.S. Eastern Time June 26) Ethereum spot ETFs saw a total net outflow of $12.848 million.

The Ethereum spot ETF with the largest single-day net outflow yesterday was BlackRock's ETF ETHA, which recorded a single-day net outflow of $12.848 million. ETHA's historical total net inflow currently stands at $11.08 billion.

As of press time, the total net asset value of Ethereum spot ETFs is $8.379 billion, the ETF net asset ratio (market value as a percentage of Ethereum's total market value) reaches 4.42%, and the historical cumulative net inflow has reached $10.903 billion.

Cardano’s wallet provider SecondFi, formerly Yoroi Wallet, has initiated the refund process for users affected by the automated attacks that occurred between June 21 and June 23. The company stated that, as of June 26, a final snapshot of account balances was taken, and repayments will be carried out based on this data. This marks the beginning of an extensive effort to compensate users impacted by the breach.

Source of the security breachAccording to SecondFi’s investigation, the vulnerability exploited during the attack originated from a flaw in their wallet creation software. Specifically, a deterministic nonce derivation error in the software’s signer component made it possible for attackers to reconstruct private keys from public blockchain data. This severe oversight exposed users’ funds to significant risk.

Glossary: A “nonce” is a one-time-use number deployed in the generation of digital signatures. If this value is predictable or incorrectly generated, certain signature schemes can inadvertently leak private keys.

SecondFi revealed that two separate actors carried out the wallet-draining operations. According to a June 25 update, the first attacker targeted 171 wallets in two waves, while a second perpetrator siphoned funds from an additional 203 wallets using a different scanning method.

SecondFi has stated that 4.02 million ADA connected to the attack are now consolidated into a single aggregation wallet, which is actively being monitored.

Warnings for impacted usersThe company urges affected users not to transfer their recovery phrases to another Cardano wallet. The risk, they emphasize, is rooted in the specific address-level private keys rather than in the application used. Therefore, reusing the same recovery phrase in different wallet software does not resolve the underlying security problem.

SecondFi’s latest guidance from June 26 underscores that any transaction signed from an affected address leaks enough data for attackers to reconstruct private keys. The company also advises against claiming staking rewards, noting that attackers may monitor new transactions on the mempool and target remaining balances.

Highlighting the continued exposure of private keys at affected addresses, SecondFi cautions that moving assets to a different wallet offers no protection.

The refund fund and current statusTogether with its parent company EMURGO, SecondFi has secured approximately 129 million ADA as an emergency containment measure. EMURGO, a prominent infrastructure and business development group within the Cardano ecosystem, says these assets will remain frozen until the recovery operation is complete.

Additionally, SecondFi has announced work on a dedicated compensation fund aimed at reimbursing those affected. The company clarified that normal operations will not resume until its systems are thoroughly audited and reauthorized by independent cybersecurity firms. For now, SecondFi remains in maintenance mode, but affected users can apply for support through official channels.

At the time of writing, ADA is trading at approximately $0.148, representing a more than 3 percent increase in the last 24 hours. Following the attack, the asset hovered around $0.15, while immediately after the news broke, it dropped nearly 2.9 percent in just one day. Compared to its early 2026 price of $0.42, ADA has lost more than 54 percent of its value since the beginning of the 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.

Chainlink and a multinational consortium of more than 50 banks across 16 countries launched Project Pangea at Point Zero Forum in Zurich, targeting real-time atomic settlement for the $9.6 trillion-a-day global foreign exchange market via Chainlink rails, Swift messaging, and regulated EUR and KRW stablecoins.

Chainlink and a multinational banking consortium of more than 50 institutions across 16 countries launched Project Pangea at Point Zero Forum in Zurich on Tuesday, targeting T+0 atomic settlement for the $9.6 trillion-a-day global FX market.

The initiative pairs Chainlink's oracle and interoperability stack with Swift's ISO 20022 messaging and FairSquareLab's settlement technology to enable direct Payment-versus-Payment (PvP) swaps of regulated EUR and KRW stablecoins. The formal announcement names three core consortium partners: Qivalis, a euro stablecoin consortium backed by 37 European banks; UniKA (Unified Korea Alliance), the Korean coalition behind Project Pangea, which comprises a steering committee of five entities — Shinhan Bank, JB Bank, Kbank, FairSquareLab, and OBDIA — alongside 10+ participating Korean commercial banks; and FairSquareLab, a Korean onchain FX infrastructure firm.

Three-Layer StackProject Pangea's architecture runs on three layers: a banking layer built on Swift and ISO 20022 messaging; a connectivity layer using Chainlink CCIP and Data Streams for high-speed FX market data; and a settlement layer of AMM smart contracts deployed on Ethereum, Polygon, and a dedicated Pangea L1 blockchain operated by FairSquareLab.

The Pangea L1 functions as neutral territory independent of any single country or participating bank. At the protocol level, oracle price updates execute ahead of every other transaction in each block, ensuring FX swaps settle at current market rates rather than stale quotes.

Through Existing RailsBanks interact with the system through their existing Swift payment infrastructure. Instructions route through Chainlink's Runtime Environment (CRE), which translates ISO 20022 messages into onchain settlement actions without requiring institutions to rebuild internal systems. The DTCC chose the same CRE layer for its 24/7 tokenized collateral platform earlier this year, with production targeted for Q4 2026.

Cross-border FX currently requires institutions to convert capital through intermediary currencies before reaching a target denomination, creating settlement delays and intraday liquidity drag. Project Pangea replaces that step with a direct atomic swap at oracle-verified prices.

"Project Pangea upgrades the fragmented foreign exchange model of today with direct, atomic currency swaps using stablecoins," Fernando Vazquez, President of Capital Markets at Chainlink Labs, said in the announcement. "This is a clear signal that global finance is increasingly moving onchain."

Project Pangea is Chainlink's third major institutional announcement in the past two weeks: Chainlink CCIP drew over $1.1 billion in token value in a single week in early June, and the company launched APAC Equities Streams on Monday, putting live pricing for Samsung, Toyota, and Sony on-chain.

Chainlink just had its two busiest days of the year for new wallet creation, with each day crossing the 3,000 threshold. The data, tracked by Santiment, points to a network that’s quietly building momentum even as the broader crypto market remains indecisive.

The numbers behind the surge The two record days each saw more than 3,000 new Chainlink wallets created, making them the highest on-chain growth days LINK has posted in all of 2026.

Non-micro wallets, defined as addresses holding at least 1 LINK, have climbed to approximately 535,000. That figure hasn’t been reached since December 2022, roughly three and a half years ago.

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The mid-tier holder cohort is growing too. Wallets containing 1,000 or more LINK hit 25,420 in 2026, a new yearly high.

Addresses holding over 100,000 LINK reached an all-time high of 805 in May 2026, representing an 8.2% increase over the previous seven weeks.

Token unlocks didn’t kill the momentum In June 2026, Chainlink executed a quarterly token unlock of roughly 21 million LINK, worth approximately $166 million at current market prices. The wallet growth continued right through the unlock period without any visible disruption.

Why traditional finance keeps showing up On June 22, 2026, Chainlink launched its APAC Equities Streams, a product designed to bring equity market data on-chain for the Asia-Pacific region.

What this means for investors The whale accumulation trend is particularly telling. An 8.2% increase in wallets holding over 100,000 LINK over just seven weeks suggests that large holders are building positions with intent.

Quarterly token unlocks will continue to introduce new supply, and at $166 million per quarter, that’s a persistent headwind that requires consistent demand to offset.

Investors should also watch whether the non-micro wallet count continues climbing toward its previous peaks or plateaus near the 535,000 level. A sustained push above December 2022 levels would confirm that this cycle’s adoption is genuinely surpassing the previous one.

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

Chainlink just landed two of the most consequential institutional partnerships in its history, and both happened within weeks of each other.

On May 12, 2026, the Depository Trust and Clearing Corporation selected Chainlink’s Runtime Environment, known as CRE, to power its Collateral AppChain. Then on June 23, 2026, Chainlink announced it would serve as core infrastructure for Project Pangea, a consortium of over 50 banks and banking groups managing more than $10 trillion in assets.

What DTCC actually does, and why this matters DTCC processed over $4.7 quadrillion in securities transactions in 2025 alone. To put that in perspective, global GDP is roughly $100 trillion. DTCC handles nearly 50 times that figure annually.

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The organization is now building a Collateral AppChain, scheduled to launch in Q4 2026, that will manage real-time collateral operations including pricing, valuation, margining, and settlement for tokenized assets across multiple blockchains. Chainlink’s CRE is the selected runtime environment for that system.

Chainlink co-founder Sergey Nazarov described the CRE as capable of “securely orchestrating critical outputs” for DTCC’s operations.

Project Pangea and the T+0 settlement ambition Project Pangea is targeting T+0 foreign exchange settlement, meaning trades would clear and settle on the same day, instantaneously, rather than the current T+2 standard where settlement takes two business days after a trade is executed.

The mechanism is atomic Payment-versus-Payment swaps, or PvP. In a traditional FX trade, one party sends currency first and hopes the counterparty delivers theirs shortly after. In an atomic PvP swap, both legs of the transaction settle simultaneously, or neither does. There is no trust required between counterparties because the settlement is enforced by the protocol itself.

Chainlink’s technology will facilitate this process using regulated EUR and KRW stablecoins. The consortium includes over 50 banks and banking groups with a combined $10 trillion in assets.

What investors should watch The risks are real. DTCC’s AppChain is not live until Q4 2026, and large-scale institutional deployments have a history of running over schedule and under-delivering on initial specifications. Project Pangea is even earlier in its development arc. Regulatory approvals for stablecoin-based settlement at this scale involve multiple jurisdictions and no clear timeline.

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