Track market-moving stories before they get noisy

PANews June 26 news, former U.S. Solicitor General Prelogar, on behalf of PredictAction, submitted an amicus brief to the Sixth Circuit Court of Appeals in support of Kalshi, opposing states’ use of gambling regulatory frameworks to restrict prediction markets. The brief emphasizes three points: First, prediction markets aggregate dispersed information through price mechanisms, which is different from traditional gambling; second, prediction market platforms match contract prices based on market supply and demand, unlike sports betting which profits by manipulating odds, and they bear a legal obligation to provide neutral access; third, state gambling laws primarily revolve around “restricting behaviors deemed immoral” and “promoting local economies,” and are not designed for market functions such as price discovery, information aggregation, risk hedging, and manipulation prevention, and therefore do not align with the CFTC’s federal exclusive regulatory objectives for prediction markets.

Worldcoin [WLD] declined by 10.27% over the past 24 hours to trade near $0.4635, while trading volume dropped 14.05% to $386.7 million. 

The simultaneous decline in price and volume suggested market participation had weakened as buyers stepped back. However, sellers continued to control short-term direction instead of easing their grip. 

The broader decline also left WLD below the psychological $0.50 level after failing to sustain its earlier advance. 

As a result, buyers struggled to regain confidence, leaving Worldcoin vulnerable to additional downside pressure if demand failed to improve over the coming sessions.

Sellers retained control despite lighter Spot activity Spot Taker CVD remained seller dominant, indicating market sell orders continued to outweigh aggressive buying activity. This reading suggests traders consistently accepted lower prices instead of chasing higher bids. 

Even though overall trading activity slowed, the imbalance between buyers and sellers continued favoring the bearish side. Such conditions often reflected limited willingness among market participants to absorb the available supply. 

Until Spot Taker CVD shifts toward buyer dominance, sellers appear likely to dictate short-term price direction. 

Source: CryptoQuant Overheated volume kept volatility risks elevated The Spot Volume Bubble Map continued signaling overheating, despite the decline in overall trading activity. 

Rather than indicating renewed buying strength, the overheating condition suggested the market still carried elevated speculative activity capable of triggering sharp price swings. 

Such conditions often precede heightened volatility as traders rapidly reposition around key levels. 

Combined with persistent seller dominance, the overheating signal indicates uncertainty remained elevated instead of fading. Buyers, therefore, faced a difficult environment where abrupt price movements could emerge without sustained accumulation. 

If speculative positioning gradually cooled while buying demand strengthened, price stability could improve. Otherwise, WLD will likely remain vulnerable to another period of elevated volatility before establishing a clearer direction.

Source: CryptoQuant Channel breakdown shifts WLD’s outlook WLD broke below its ascending channel after facing strong rejection near the $0.67 resistance level, signaling the recent recovery structure had weakened. 

The decline then pushed the price beneath $0.50, leaving the market moving toward the major $0.40 support without testing it yet. Meanwhile, the MACD completed a bearish crossover as the MACD line crossed below the signal line. 

The histogram also expanded further into negative territory, confirming selling pressure had strengthened after the channel breakdown. These signals aligned with the weakening price structure rather than contradicting it. 

Source: TradingView If buyers defend the $0.40 area, WLD could attempt a rebound toward $0.50 before challenging $0.67 again. However, losing that support would expose the next major downside level near $0.23.

Final Summary WLD approached the $0.40 support after breaking below its ascending channel structure. Persistent Spot selling and a bearish MACD signaled buyers still lacked near-term control.

4 Binance Delisting Targets Tumble as Traders Rush for the Exit

Key Highlights Palantir shares dropped to a 52-week bottom of $107.27 during Thursday’s session, declining 5.5% and registering a 39% year-to-date loss The data analytics company has shed 31% of its value this month, potentially marking its steepest monthly decline since February 2021 ARK Invest, managed by Cathie Wood, acquired 30,528 shares of PLTR valued at approximately $3.3 million based on Thursday’s closing price ARK’s portfolio moves also included a $18.9M Cerebras purchase and approximately $16.7M in Alibaba sales Analyst community maintains an average Overweight stance with a $189.87 target price, suggesting 77% potential upside Shares of Palantir (PLTR) climbed 0.8% to $108.12 during Friday’s premarket trading, attempting to recover from Thursday’s close at $107.27 — representing a new 52-week bottom and marking the seventh consecutive session of losses.

Palantir Technologies Inc., PLTR

The 5.5% decline on Thursday compounded an already difficult period for shareholders of the data analytics firm. PLTR has surrendered 20% of its value in the past two weeks and experienced a 31% monthly contraction.

Should the stock finish Friday’s session in negative territory, it would represent an eighth straight day of declines — a streak that would position it for its most severe monthly percentage retreat since experiencing a 32% slide in February 2021, according to Dow Jones Market Data.

PLTR has tumbled 39% since the start of 2026, representing a dramatic pivot following three consecutive years of substantial appreciation. By comparison, the S&P 500 has advanced 7.5% while the Nasdaq Composite has gained 9% during the identical timeframe.

The shares currently trade 48% beneath their all-time closing peak of $207.18, achieved on November 3, 2025.

Critical Support Levels Give Way Earlier this week, PLTR breached the $127 threshold — a support zone that had remained intact since February. The stock now trades 15% lower than that benchmark.

Thursday delivered another technical breakdown: shares fell through $128, a crucial weekly chart support that had provided stability for the previous 12 months.

The equity also resides considerably below both primary moving averages. The 50-day moving average hovers around $137, while the 200-day moving average stands near $159.

Cathie Wood’s Firm Seizes the Opportunity As shares reached their lows, ARK Invest made its move. During Thursday’s trading, Cathie Wood’s investment firm acquired 30,528 shares of PLTR distributed among the ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW), and the ARK Blockchain & Fintech Innovation ETF (ARKF), representing approximately $3.3 million in total value.

Palantir currently represents 2.4%, 2.3%, and 3.7% of these three respective funds.

ARK’s activity extended beyond Palantir. The firm also accumulated 111,989 shares of Cerebras Systems (CBRS) through ARKK and ARKW, amounting to approximately $18.9 million based on CBRS’s closing price of $168.52.

Regarding dispositions, ARK divested 176,004 shares of Alibaba (BABA) across ARKF, ARKK, and ARKW — a transaction valued at roughly $16.7 million. Alibaba has encountered headwinds following allegations from Anthropic concerning AI model distillation practices.

ARK additionally acquired 9,014 Coinbase (COIN) shares and purchased 891,473 shares of Recursion Pharmaceuticals (RXRX). The firm sold 130,666 Roku (ROKU) shares and disposed of 37,555 Twist Bioscience (TWST) shares.

On the bearish spectrum, Michael Burry has commented on PLTR, highlighting subdued trading volume and identifying the stock’s pattern as indicative of an extended downward trend.

Notwithstanding the selling pressure, the Street’s consensus outlook on PLTR remains relatively optimistic. Among 33 analysts monitored by FactSet, 17 assign it a Buy rating, three recommend Overweight, 11 suggest Hold, and two advise Sell. The consensus price target reaches $189.87 — representing a 77% premium relative to Thursday’s closing price.

Palantir’s Benzinga Edge Momentum score currently resides in the 5th percentile, while its Value score registers in the 2nd percentile.

Roughly $10.63 billion in Bitcoin (BTC) and Ethereum (ETH) options expire on Deribit Friday. The settlement drops into a market that keeps sliding lower while traders hunt for a floor.

Bitcoin trades near $60,200 after a 2% daily drop, while ether sits around $1,580 after a steeper 4.43% fall. Both rest far below their options max pain levels.

Puts Command a Premium as Traders Brace for DownsideFriday’s settlement ranks as the quarter’s largest options event on Deribit. The bulk of expiring value sits in Bitcoin, with notional contracts worth about $9.06 billion against ether’s $1.57 billion. Max pain marks the price where the most options expire worthless. Bitcoin’s level sits at $70,000, while ether’s sits at $2,000.

Bitcoin Expiring Options. Source: DeribitOpen interest leans toward calls in raw terms, yet positioning tells a cautious story. Bitcoin’s put-to-call ratio sits at 0.63, with 92,154 calls against 57,652 puts. Ether’s ratio runs lower at 0.50. The heavier call count reflects bullish bets now stranded well above the current price. Bitcoin’s recent options expiry events have followed a similar defensive pattern.

Ethereum Expiring Options. Source: DeribitAccording to Greeks.live, Bitcoin’s 25-delta skew has turned sharply negative on short-dated contracts. The skew reads -10.7% at one day, -11.3% at seven days, and -9.6% at one month. By contrast, longer tenors stay calmer near -6% and -5%.

“Puts continue to command a meaningful premium over calls across all major tenors,” analysts at Greeks.live stated.

That premium reflects steady demand for near-term downside protection. Traders are paying up to hedge a further slide rather than chase upside. Bitcoin’s recent price action has kept that hedging active through the week.

The Bottom Question Hangs Over SettlementGreeks.live places negative gamma between $60,000 and $64,000, the band where Bitcoin trades now. Positive gamma spreads across $67,000 to $82,000, with clusters near $67,000, $71,000, $75,000, and $80,000. The June, July, and September contracts drive most of that dealer exposure. The firm notes these readings exclude IBIT data.

That structure can keep price action choppy near current levels through expiry. Meanwhile, ether’s steeper price drop has pushed it well below its $2,000 max pain mark.

The expiry also lands during a broad crypto downturn. Both assets have slid to multi-month lows this week, deepening the case for caution into settlement.

Some forecasters expect deeper losses first. Jiang Zhuoer, founder of mining pool BTC.TOP, sees a late-2026 bottom forecast near $42,000 to $44,000. He points to Strategy’s mNAV slipping to 0.72, close to its 2022 low. BitMEX co-founder Arthur Hayes has floated a $40,000 Bitcoin bottom within six months. Even so, his year-end target still runs above $200,000.

Jiang’s broader four-year cycle model points to a bottom around late October. He has mined through several halvings and plans to buy back near the low.

Deribit, however, cautions against reading too much into the max pain pull.

“While max pain remains a widely followed metric, recent quarterly expiries have shown limited evidence of a consistent pinning effect ahead of settlement,” Deribit analysts indicated.

Both assets remain stuck below max pain heading into settlement. The next sessions may show whether sellers extend the search for a bottom or buyers finally step in.

Ethereum remains under heavy selling pressure after another rejection at a key resistance level, with the latest decline pushing the asset back toward a major demand zone. While buyers are attempting to stabilize the price around support, the broader trend remains firmly bearish as ETH continues to trade below all major moving averages.

Ethereum Price Analysis: The Daily Chart On the daily timeframe, Ethereum continues to print lower highs and lower lows while trading beneath the 100-day, 200-day, and long-term descending trendline, confirming that sellers remain in full control of the broader structure.

The recent recovery stalled precisely below the $1.72K to $1.78K supply zone before bearish momentum resumed. That rejection has now driven ETH back into the key support region around $1.46K to $1.56K, where buyers are once again attempting to defend the market.

This support zone has produced another reaction, but so far the rebound remains weak and has failed to alter the overall bearish structure. As long as Ethereum remains below the $1.72K to $1.78K resistance area, rallies are likely to be viewed as corrective rather than the beginning of a trend reversal.

A decisive loss of the current demand zone would expose the market to another leg lower, while reclaiming the nearby resistance would be the first indication that bearish momentum is beginning to fade.

ETH/USDT 4-Hour Chart The 4-hour chart highlights the recent rejection at the $1.72K to $1.78K resistance zone, triggering another sharp decline toward the lower boundary of the established range.

Following that sell-off, ETH has bounced modestly from the $1.50K to $1.53K support area, suggesting buyers remain active around this demand zone. However, the asset continues to trade near the bottom of the broader consolidation range, while every recovery attempt has so far produced another lower high.

The current structure suggests Ethereum may continue consolidating between approximately $1.52K and $1.75K in the near term. The lower boundary remains the critical level to watch, as another breakdown below support could accelerate bearish momentum, whereas reclaiming the upper resistance would improve the short-term outlook and open the door for a stronger recovery.

Sentiment Analysis The Exchange Netflow chart shows a notable increase in ETH moving onto exchanges over the most recent sessions, with the 14-day moving average of netflows turning sharply positive.

Historically, sustained positive exchange netflows indicate that more coins are being transferred to trading venues, often reflecting rising selling pressure or a greater willingness among holders to distribute their assets. This shift has coincided with Ethereum’s latest decline toward the $1.5K area.

Although exchange inflows alone do not guarantee additional downside, the recent surge suggests that supply entering exchanges remains elevated. Unless netflows begin to moderate while price stabilizes around the current demand zone, the on-chain data continues to favor a cautious outlook and supports the possibility of continued weakness before a more durable recovery can develop.

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The MemeCore price prediction outlook has changed dramatically over the past few weeks. Once viewed as one of the most visible projects in the meme sector, MemeCore suffered a devastating collapse that erased more than $3 billion in market value and forced analysts to completely reassess future expectations.

At the same time, a different trend is emerging. Investors who previously focused on traditional memecoins are increasingly exploring AI-powered memecoins that combine community engagement with practical utility.

This shift is reshaping the meme space and creating new opportunities for projects built around participation rather than speculation alone.

MemeCore Price Prediction Turns Defensive After Historic Collapse The latest MemeCore price prediction models are far less optimistic than earlier forecasts.

Following the token’s 84% crash, analysts have lowered expectations significantly. Most short-term projections now place MemeCore inside a consolidation range between $0.50 and $0.69 as the market attempts to establish a new baseline. While this range suggests the possibility of stabilization, it also reflects the uncertainty surrounding the project’s future.

The challenge facing MemeCore is not simply price recovery.

The collapse damaged investor confidence and exposed structural weaknesses that existed long before the selloff began. Recovering from that kind of reputational damage is often more difficult than recovering from a temporary market correction.

For this reason, many analysts believe the next phase for MemeCore will focus on rebuilding trust rather than chasing aggressive upside targets.

Why MemeCore’s Supply Structure Remains a Concern A major reason the MemeCore price prediction remains cautious is token concentration.

Blockchain data shows that the four largest wallets control more than 67% of the circulating supply. Such concentration creates a difficult environment for sustainable price appreciation because large holders have the ability to introduce significant selling pressure at any time.

This concern becomes even more important when combined with the recent collapse.

Many early holders remain deeply underwater. If prices recover modestly, some investors may view rallies as opportunities to exit positions rather than continue holding. That dynamic could limit the strength of future recoveries.

Without meaningful structural changes such as lockups, supply reductions, or improved distribution, analysts believe every relief rally may face substantial resistance.

The Meme Sector Is Changing The broader meme market is evolving beyond simple speculation.

For years, success depended largely on community enthusiasm and viral attention. While those factors still matter, investors increasingly want additional utility and participation mechanisms.

This shift is creating space for new types of projects.

Rather than relying solely on meme culture, emerging ecosystems are blending social engagement with artificial intelligence, prediction markets, automated tools, and reward systems. These features create recurring activity that extends beyond token trading.

As a result, capital is gradually rotating toward projects that can generate ongoing ecosystem participation.

How MemeToro Is Positioning Itself Differently One project benefiting from this transition is MemeToro ($MT).

Instead of operating as a traditional memecoin, MemeToro functions as a SocialFi ecosystem built around behavioral finance and AI-powered participation. The platform is designed to keep users engaged through multiple products rather than relying on a single narrative.

Its ecosystem includes AI-assisted memecoin creation, decentralized prediction markets, staking infrastructure, and Web3 entertainment features. Each component contributes to broader platform activity while creating utility for the native $MT token.

This multi-product approach stands in sharp contrast to many legacy meme projects that depend almost entirely on speculative demand.

Inside the MemeToro Utility Platform MemeToro’s presale architecture focuses on continuous participation. Users can create memecoins through an automated deployment system, allowing communities to launch assets without technical barriers. The ecosystem also includes prediction markets where participants can use $MT and BNB to forecast outcomes across crypto, sports, entertainment, and current events.

The platform further supports long-term engagement through staking rewards of up to 35% APR.

Alongside these products, the project’s roadmap includes automated sentiment tracking systems and plans for a dedicated blockchain designed to support the broader ecosystem. These initiatives aim to create utility that extends beyond meme culture alone.

Technical Specifications: $MT Distribution & Staking Metrics Review the formal allocation architecture, audit verification data, and release timelines designed for the sustainable expansion of the MemeToro ecosystem. The verified contract address is 0x44412181b….a8cfff.

The distribution framework splits the 1.2 billion total supply into clear structural pools. The public sale accounts for 71% of the tokens.

The remaining supply is divided into centralized exchange reserves at 10%, marketing partners at 7.56%, platform trading liquidity at 5%, network rewards at 4.44%, and the core team allocation at 2%.

More Information on MemeToro ($MT) Presale Here:

Website: https://memetoro.com/

X: https://x.com/memetoro_mt

Telegram: https://t.me/memetoro_mt

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

Jito [JTO] may be up by less than a percentage, but at press time, it was trading at a critical point of the trend channel pattern. On the other hand, its daily trading volume was significant for a token of its kind, up about 14% and averaging around $61 million. 

Basically, a breach of the pattern to the upside would hint at an uptrend continuation. However, respecting the resistance would mean a decline to at least the slanting support level. 

Jito’s price was rejected at the trendline resistance On the charts, the price action seemed to be pulling back in a descending trend channel after a sharp upthrust from $0.53 to $0.88. If looked at optimistically, JTO appeared to be correcting in a bull flag pattern. However, the force to move the price down to the support of the channel was slowly declining. 

At press time, it was rejecting the upper resistance, which could mean JTO might fall to around $0.53 with Chaikin Money Flow (CMF) in support. The CMF showed money exiting JTO’s spot market on Binance with a reading of – 0.07. 

Source: JTO/USDT on TradingView A break above the $0.70-zone and, in particular, the trendline would signal the start of JTO’s next leg up. That might be supported by a bullish MACD, even though the bars showed a fall in momentum. 

Still, JTO appeared to be bullish on the 2-hour chart since it was yet to shift the market structure. Only trading and holding below $0.53 would invalidate a potential bullish continuation. 

A look into OI, volume & liquidations! More analysis revealed that Open Interest (OI) had climbed above $50 million. Put simply, the OI was less than $20 million below its peak value of slightly above $70 million since April. 

Source: CoinGlass Since mid-June, the total trading volume has fallen by more than 3x from around $650 million across the perps and spot markets. It’s now trading below the $200 million mark, affirming the consolidation in a trend channel pattern. 

Even the amount of liquidation cascades seemed to have dropped, alluding to a reduction in explosive moves in either direction. 

What of Jito’s chain activity? Well, it fell alongside the price too. At the time of writing, the Total Value Locked (TVL) was down about 20% to around $671 million. Similarly, assets staked were down by the same proportion too. 

The amount of revenue generated through fees has dropped more than the TVL though. In fact, it was down 31% to around $2.60 million. 

Source: DefiLlama To conclude, JTO may be trading in a correction phase of the bullish move it had in the middle of this month. However, a potential continuation is uncertain, as most of the metrics were down significantly at press time, except the OI.

 Final Summary JTO’s price has been trading around a critical level, where a break above would mean continuation while a breakdown would extend the correction.  Most of JTO’s on-chain and derivative data have been declining, but traders remain interested. 

Decentralized AI Exposure To Get Easier?Silbert promoted the launch of the Total Market Fund by Yuma, a DCG subsidiary, that provides a single allocation for exposure to TAO and tokens tied to AI projects built on Bittensor. The fund is marketed as an institutional gateway to decentralized AI infrastructure, offering exposure beyond traditional equities and venture capital.

“AI is becoming a core portfolio allocation. But for most investors, it’s limited to a few, big players,” Silbert noted. “Bittensor offers access to a decentralized network of AI projects.”

What’s Bittensor Moat?Bittensor is an open-source network that allows AI models to be shared, trained, and ranked by value. Participation and contribution are incentivized by handing out rewards in the form of the native cryptocurrency called TAO.

Silbert himself has picked Bittensor as one of the top projects where the majority of cryptocurrency capital is expected to rotate into eventually.

Silbert Bullish On Privacy NarrativeSilbert has also championed financial privacy, positioning privacy-focused coins as the cryptocurrency industry’s next major investment opportunity.

His thesis is that 5-10% of Bitcoin market cap would eventually rotate into privacy coins, including Zcash (CRYPTO: ZEC).

Price Action: At the time of writing, TAO was exchanging hands at $213.40, down 3.48% over the last 24 hours, according to data from Benzinga Pro, valued at over $2.35 billion.

Photo courtesy: Shutterstock

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Launching a stablecoin used to mean building the whole stack: reserves, attestation, custody, redemption, distribution. Stablecoin-as-a-Service from Ethena removes that work. What is left for the issuer is the price feed that lets the token work as collateral in DeFi. For JupUSD, that feed comes from RedStone.

TL;DR: Stablecoin-as-a-Service lets any app launch a branded stablecoin on rented reserve infrastructure. Ethena runs the reserves and the machinery, and the partner brings the name and the distribution. Jupiter launched JupUSD stablecoin, monetizing $400 to $500 million of idle perps collateral. The current stablecoin circulating supply sits at $51 million. RedStone now delivers the price feed for JupUSD on Jupiter’s Solana platform.  Stablecoin-as-a-Service: Ethena’s Reserve Model  Ethena Whitelabel is a Stablecoin-as-a-Service product that allows partners to launch a branded stablecoin on rented reserve infrastructure, the same infrastructure that also backs USDtb, Ethena’s BUIDL-backed dollar.

When a partner launches a branded stablecoin, Ethena runs the reserves and the mint and redemption process, allowing the issuer to focus on the branding and distribution.

Ethena’s whitelabel offering covers multiple chains and protocols, with partners choosing between Ethena’s underlying reserve models depending on the product they want.

For JupUSD, that reserve asset is USDtb, which has grown to a circulating supply of roughly $889 million as of June 2026, according to DeFiLlama. Partners building on this infrastructure plug into a reserve mechanism already operating at scale.

Why JupUSD Needs Reliable Pricing Data Jupiter is Solana’s largest DeFi platform by total value locked. Founded in October 2021 as a swap aggregator routing trades across Solana DEXs, it has since expanded into a full onchain finance suite providing perpetual futures trading, lending, prediction markets, and a mobile trading app. Jupiter processed over $1 trillion in spot and perpetuals volume in 2025.

JupUSD was launched in January 2026, initially backed entirely by USDtb before the reserve mix shifted to its current 90/10 split with USDC. For Jupiter, the stablecoin solved a balance sheet problem: its perpetuals venue was sitting on roughly $400 to $500 million of idle collateral, and JupUSD puts that capital to work.

It is monetization infrastructure, not a savings account for users. Because USDtb flows through to BlackRock’s BUIDL fund, the yield accrues to Jupiter’s reserves rather than to JupUSD holders. As of June 12, 2026, JupUSD’s circulating supply sits around $51 million, published live on the project’s transparency page with broader metrics on DeFiLlama.

JupUSD is the default stablecoin powering the Jupiter superapp, which means that every venue using it needs reliable pricing data to run smoothly. Perps need it to value collateral, Jupiter Lend needs it to trigger liquidations, and Jupiter Predict needs it to settle markets. RedStone now provides that price feed for JupUSD on Solana.

The RedStone approach for whitelabeled stablecoins A whitelabeled stablecoin arrives with its reserves handled but cannot be used as collateral until a price feed makes it usable. Lending markets, perps, and prediction markets all need a fast, manipulation-resistant feed before they will take it as collateral or settle against it. The more venues the stable reaches, the bigger demand for price feed is.

RedStone’s modular architecture treats each feed as a configuration change rather than a bespoke build, so coverage expands at the pace these stablecoins now launch. On Jupiter that is already live: RedStone provides the JupUSD feed on Solana today, currently serving Jupiter’s perpetual markets.

Ethena handles reserve management as a service. RedStone provides the pricing data that makes each one usable. 

Frequently Asked Questions What is Stablecoin-as-a-Service?
A model where the reserve and issuance infrastructure for a stablecoin is provided as a service, so an app can launch its own branded stable without building custody, attestation, and redemption from scratch. Ethena offers it through Ethena Whitelabel, and JupUSD is built on it.

Why does a service-issued stablecoin still need an oracle?
Reserves back the token’s value, but they do not make it usable in DeFi. Lending markets and perpetual venues need a manipulation-resistant price feed to accept it as collateral. Without one, the stablecoin remains a simple coin rather than a productive asset.

What type of price feed is RedStone running for JupUSD?
A push-model market feed for JupUSD on Solana that aggregates the spot price from exchanges and pushes updates onchain on deviation 0.2% or 24h heartbeat triggers.

Learn more about RedStone here.

PANews June 26 news, according to official sources, AI agent infrastructure layer Orthogonal announced the completion of a $4.3 million funding round, led by Pantera Capital, with participation from Y Combinator, Pioneer Fund, Decasonic, Blast Club, Outbound Capital, Rice Capital, Surreal by Premise and Batch Ventures, among others.

Orthogonal is building an instant capability discovery and invocation payment platform for AI agents. Through a single integration, agents can instantly discover the needed tools based on demand, orchestrate them, and pay on-demand, solving the current problem of agents failing or hallucinating due to fixed tools.

Trading of the DRAM memory ETF is now available on the Solana blockchain, with its holdings covering Samsung, SK Hynix, Micron, and SanDisk.

Jupiter official announcement: Trading of Roundhill Memory ETF (ticker: DRAM) is now supported on the Solana blockchain, with its holdings covering Samsung, SK Hynix, Micron, and SanDisk.

12 minutes ago

At the opening of US stock markets, AI application software stocks rose against the trend, with ServiceNow and Figma climbing more than 5%.

According to Bitget market data, AI software stocks in the US market rose against the trend at opening. ServiceNow (NOW.US) and Figma Inc (FIG.US) jumped more than 5%, while Palantir (PLTR.US), Adobe (ADBE.US), Workday (WDAY.US), Salesforce (CRM.US), and Datadog (DDOG.US) gained over 3%, and Microsoft (MSFT.US) rose by more than 2%. Microsoft has hiked Xbox prices three times in 13 months, and stated that storage component costs will double next year.

12 minutes ago

At the opening of the U.S. stock market, most space-themed concept stocks rose, while SpaceX declined 0.75%.

According to Bitget market data, most US space concept stocks advanced at the opening of US stock trading. Specifically: SpaceX (SPCX) slipped 0.75% to $151.8; Virgin Galactic (SPCE) gained 8%; AST SpaceMobile (ASTS) rose 3.45%; Rocket Lab (RKLB) added 4%; Redwire (RDW) gained 1.9%.

12 minutes ago

At the opening of US stock markets, optical communication concept stocks fell broadly, with MRVL, AAOI, and LITE down more than 6%.

According to Bitget market data, US stocks opened with broad declines in optical communication concept stocks, including: Pure Photonics ETF (FOTO) fell 5.7%; Marvell Technology (MRVL) — a stock NVIDIA CEO Jensen Huang previously touted as the next trillion-dollar market cap company — dropped 6.1%; AAOI (Applied Optoelectronics) fell 7.1%; LITE (Lumentum Holdings) dropped 8.86%; COHR (Coherent Corp.) declined 8.4%; and CIEN (Ciena Corporation) fell 4.75%.

12 minutes ago

US stocks opened with all three major indices in the red, with semiconductor and storage sectors plunging; Micron and SanDisk fell more than 5%.

According to Bitget market data, the three major US stock indexes all fell at opening: the Dow Jones Industrial Average dropped 0.44%, the S&P 500 declined 0.67%, and the Nasdaq Composite fell 1.1%. The semiconductor and storage sectors saw broad declines, with individual stocks performing as follows: NVIDIA (NVDA) dropped 1.56%; Intel (INTC) fell 3.5%; Broadcom (AVGO) declined 2.5%; Qualcomm (QCOM) fell 0.4%; Seagate Technology (STX) dropped 5.78%; Western Digital (WDC) fell 7%; SanDisk (SNDK) declined 7.5%; Micron Technology (MU) dropped 5.4%.

12 minutes ago

Trading of the DRAM memory ETF is now available on the Solana blockchain, with its holdings covering Samsung, SK Hynix, Micron, and SanDisk.

Jupiter official announcement: Trading of Roundhill Memory ETF (ticker: DRAM) is now supported on the Solana blockchain, with its holdings covering Samsung, SK Hynix, Micron, and SanDisk.

12 minutes ago

At the opening of US stock markets, AI application software stocks rose against the trend, with ServiceNow and Figma climbing more than 5%.

According to Bitget market data, AI software stocks in the US market rose against the trend at opening. ServiceNow (NOW.US) and Figma Inc (FIG.US) jumped more than 5%, while Palantir (PLTR.US), Adobe (ADBE.US), Workday (WDAY.US), Salesforce (CRM.US), and Datadog (DDOG.US) gained over 3%, and Microsoft (MSFT.US) rose by more than 2%. Microsoft has hiked Xbox prices three times in 13 months, and stated that storage component costs will double next year.

12 minutes ago

At the opening of the U.S. stock market, most space-themed concept stocks rose, while SpaceX declined 0.75%.

According to Bitget market data, most US space concept stocks advanced at the opening of US stock trading. Specifically: SpaceX (SPCX) slipped 0.75% to $151.8; Virgin Galactic (SPCE) gained 8%; AST SpaceMobile (ASTS) rose 3.45%; Rocket Lab (RKLB) added 4%; Redwire (RDW) gained 1.9%.

12 minutes ago

At the opening of US stock markets, optical communication concept stocks fell broadly, with MRVL, AAOI, and LITE down more than 6%.

According to Bitget market data, US stocks opened with broad declines in optical communication concept stocks, including: Pure Photonics ETF (FOTO) fell 5.7%; Marvell Technology (MRVL) — a stock NVIDIA CEO Jensen Huang previously touted as the next trillion-dollar market cap company — dropped 6.1%; AAOI (Applied Optoelectronics) fell 7.1%; LITE (Lumentum Holdings) dropped 8.86%; COHR (Coherent Corp.) declined 8.4%; and CIEN (Ciena Corporation) fell 4.75%.

12 minutes ago

US stocks opened with all three major indices in the red, with semiconductor and storage sectors plunging; Micron and SanDisk fell more than 5%.

According to Bitget market data, the three major US stock indexes all fell at opening: the Dow Jones Industrial Average dropped 0.44%, the S&P 500 declined 0.67%, and the Nasdaq Composite fell 1.1%. The semiconductor and storage sectors saw broad declines, with individual stocks performing as follows: NVIDIA (NVDA) dropped 1.56%; Intel (INTC) fell 3.5%; Broadcom (AVGO) declined 2.5%; Qualcomm (QCOM) fell 0.4%; Seagate Technology (STX) dropped 5.78%; Western Digital (WDC) fell 7%; SanDisk (SNDK) declined 7.5%; Micron Technology (MU) dropped 5.4%.

12 minutes ago

PANews June 26 news, according to an official announcement by Hyperliquid, the project has been included by the Monetary Authority of Singapore (MAS) in the Investor Alert List (investor alert list). Hyperliquid emphasized that the IAL listing does not mean it has been banned, is subject to enforcement, or has been found to have engaged in misconduct; the list is used to flag entities that may be mistakenly thought to be licensed or regulated by MAS. The team stated that it is a permissionless on-chain infrastructure, never claimed to be regulated by MAS, user assets are fully self-custodied, transactions are entirely settled on-chain, project operations remain unchanged, and it will continue to work with global regulators and institutions to support a clear regulatory framework for on-chain finance.

Trading of the DRAM memory ETF is now available on the Solana blockchain, with its holdings covering Samsung, SK Hynix, Micron, and SanDisk.

Jupiter official announcement: Trading of Roundhill Memory ETF (ticker: DRAM) is now supported on the Solana blockchain, with its holdings covering Samsung, SK Hynix, Micron, and SanDisk.

12 minutes ago

At the opening of US stock markets, AI application software stocks rose against the trend, with ServiceNow and Figma climbing more than 5%.

According to Bitget market data, AI software stocks in the US market rose against the trend at opening. ServiceNow (NOW.US) and Figma Inc (FIG.US) jumped more than 5%, while Palantir (PLTR.US), Adobe (ADBE.US), Workday (WDAY.US), Salesforce (CRM.US), and Datadog (DDOG.US) gained over 3%, and Microsoft (MSFT.US) rose by more than 2%. Microsoft has hiked Xbox prices three times in 13 months, and stated that storage component costs will double next year.

12 minutes ago

At the opening of the U.S. stock market, most space-themed concept stocks rose, while SpaceX declined 0.75%.

According to Bitget market data, most US space concept stocks advanced at the opening of US stock trading. Specifically: SpaceX (SPCX) slipped 0.75% to $151.8; Virgin Galactic (SPCE) gained 8%; AST SpaceMobile (ASTS) rose 3.45%; Rocket Lab (RKLB) added 4%; Redwire (RDW) gained 1.9%.

12 minutes ago

At the opening of US stock markets, optical communication concept stocks fell broadly, with MRVL, AAOI, and LITE down more than 6%.

According to Bitget market data, US stocks opened with broad declines in optical communication concept stocks, including: Pure Photonics ETF (FOTO) fell 5.7%; Marvell Technology (MRVL) — a stock NVIDIA CEO Jensen Huang previously touted as the next trillion-dollar market cap company — dropped 6.1%; AAOI (Applied Optoelectronics) fell 7.1%; LITE (Lumentum Holdings) dropped 8.86%; COHR (Coherent Corp.) declined 8.4%; and CIEN (Ciena Corporation) fell 4.75%.

12 minutes ago

US stocks opened with all three major indices in the red, with semiconductor and storage sectors plunging; Micron and SanDisk fell more than 5%.

According to Bitget market data, the three major US stock indexes all fell at opening: the Dow Jones Industrial Average dropped 0.44%, the S&P 500 declined 0.67%, and the Nasdaq Composite fell 1.1%. The semiconductor and storage sectors saw broad declines, with individual stocks performing as follows: NVIDIA (NVDA) dropped 1.56%; Intel (INTC) fell 3.5%; Broadcom (AVGO) declined 2.5%; Qualcomm (QCOM) fell 0.4%; Seagate Technology (STX) dropped 5.78%; Western Digital (WDC) fell 7%; SanDisk (SNDK) declined 7.5%; Micron Technology (MU) dropped 5.4%.

12 minutes ago

Hyperliquid traded near $63 on June 26 after pulling back from its all-time high of $76.70 earlier this month. 

Summary

HYPE holds above $60 support while whales continue buying during the wider crypto market pullback. Multicoin’s $319 target depends on Hyperliquid keeping revenue growth, market share and buybacks strong. Technical indicators show cooling momentum, with bulls needing $65-$70 to regain stronger control soon. According to crypto.news data, the token is down over the past week, but it still holds a large gain over the past year.

The latest Hyperliquid price data shows HYPE trading between $59.48 and $65.17 over the past 24 hours. The token holds a top-10 market rank, with a market cap above $14b and fully diluted value above $60b.

HYPE’s recent move looks like a consolidation phase after a sharp rally from the low $30s in March. Price has cooled near $63, but the $60 area remains the main short-term support zone.

A clean break below $60 would put the next support area near $55-$58 back in focus. A move above $65 would show early strength, while a close above $70 would give bulls a stronger case for a retest of the recent high.

Hyperliquid whales keep buying during pullback Whale activity remains one of the stronger parts of the HYPE setup. According to Lookonchain, a newly created wallet withdrew 222,493 HYPE, worth about $14.41m, from Coinbase Prime. Another whale received 44,986 HYPE, worth about $2.87m, from FalconX.

Those transfers do not prove long-term holding, but they show large buyers are still active during the pullback. Traders often watch Coinbase Prime and FalconX flows because they can reflect institutional or high-net-worth activity.

Derivatives data also shows active trading. CoinGlass data shows HYPE volume rose 29.79% to $4.59b, while open interest slipped 1.15% to $2.52b. Options open interest rose 10.62%, but options volume fell sharply, showing that most activity remains in spot and perpetual futures.

As previously reported, HYPE rallied more than 40% in one week in May as derivatives activity, ETF demand and protocol buybacks supported the move. The current pullback is testing whether that demand can keep absorbing profit-taking.

Multicoin target lifts long-term debate Multicoin Capital has published a bullish valuation report on HYPE. In the full analysis, the firm said HYPE is now one of the largest positions in its liquid fund and that it has been accumulating since February.

People underestimate how big Hyperliquid can become.

The crypto space is accustomed to projects not having strong traditional metrics (users, revenue/fees accruing to token holders, etc). So, everyone's instinct is to size up how big something can be based on relative market cap… https://t.co/3uZtdBYN5E

— Hunter Horsley (@HHorsley) June 26, 2026 The firm said Hyperliquid generated about $873m in revenue across roughly $2.9t in trading volume in 2025. It also said the platform grew from about 301,000 to 923,000 users and ended the year with about $6b in open interest.

Multicoin argued that Hyperliquid is taking share from centralized exchanges. It said monthly perpetuals volume is now about 17% of Binance’s level, while open interest has reached about 21% of Binance’s level.

The firm also pointed to HIP-3, HIP-4, portfolio margining, prediction markets, tokenized assets and HyperEVM growth as future drivers. 

“We believe Hyperliquid is becoming the everything exchange,” it said.

As crypto.news reported, Multicoin backed a $319 HYPE target by 2028 under its base case. The firm also listed risks, including regulation, governance, competition, bad debt and technical pressure.

Technical signals show cooling momentum The HYPE/USDT daily chart still shows a broader uptrend from March. Price climbed from the low $30s to above $70 before pulling back. That structure keeps the larger trend constructive, but short-term momentum has cooled.

The Accumulation/Distribution indicator is near 2.32m. It remains elevated after rising sharply earlier in June, which suggests buying pressure improved during the rally. The line has flattened recently, showing that accumulation is no longer accelerating.

Hyperliquid (HYPE) price chart, source: crypto.news The Aroon Oscillator is positive near 28.57. That keeps the short-term trend bias slightly bullish, but the reading has weakened from stronger levels. This means the uptrend remains alive but has lost some speed.

In a previous article, crypto.news discussed HYPE’s double-top risk after its pullback from the all-time high. That pattern put the $65 and $62 areas in focus. Price is now trading near that same zone.

Previously, crypto.news exploredwhether HYPE can reach $100 in 2026. That scenario depends on buybacks, volume growth, token unlocks and wider market strength.

For now, HYPE remains in a mixed setup. Whales are buying, Multicoin has issued a strong long-term case, and the broader trend still holds above $60. But momentum has cooled, and bulls need a move back above $65-$70 to confirm that the next upside phase is starting.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Trading of the DRAM memory ETF is now available on the Solana blockchain, with its holdings covering Samsung, SK Hynix, Micron, and SanDisk.

Jupiter official announcement: Trading of Roundhill Memory ETF (ticker: DRAM) is now supported on the Solana blockchain, with its holdings covering Samsung, SK Hynix, Micron, and SanDisk.

11 minutes ago

At the opening of US stock markets, AI application software stocks rose against the trend, with ServiceNow and Figma climbing more than 5%.

According to Bitget market data, AI software stocks in the US market rose against the trend at opening. ServiceNow (NOW.US) and Figma Inc (FIG.US) jumped more than 5%, while Palantir (PLTR.US), Adobe (ADBE.US), Workday (WDAY.US), Salesforce (CRM.US), and Datadog (DDOG.US) gained over 3%, and Microsoft (MSFT.US) rose by more than 2%. Microsoft has hiked Xbox prices three times in 13 months, and stated that storage component costs will double next year.

11 minutes ago

At the opening of the U.S. stock market, most space-themed concept stocks rose, while SpaceX declined 0.75%.

According to Bitget market data, most US space concept stocks advanced at the opening of US stock trading. Specifically: SpaceX (SPCX) slipped 0.75% to $151.8; Virgin Galactic (SPCE) gained 8%; AST SpaceMobile (ASTS) rose 3.45%; Rocket Lab (RKLB) added 4%; Redwire (RDW) gained 1.9%.

11 minutes ago

At the opening of US stock markets, optical communication concept stocks fell broadly, with MRVL, AAOI, and LITE down more than 6%.

According to Bitget market data, US stocks opened with broad declines in optical communication concept stocks, including: Pure Photonics ETF (FOTO) fell 5.7%; Marvell Technology (MRVL) — a stock NVIDIA CEO Jensen Huang previously touted as the next trillion-dollar market cap company — dropped 6.1%; AAOI (Applied Optoelectronics) fell 7.1%; LITE (Lumentum Holdings) dropped 8.86%; COHR (Coherent Corp.) declined 8.4%; and CIEN (Ciena Corporation) fell 4.75%.

11 minutes ago

US stocks opened with all three major indices in the red, with semiconductor and storage sectors plunging; Micron and SanDisk fell more than 5%.

According to Bitget market data, the three major US stock indexes all fell at opening: the Dow Jones Industrial Average dropped 0.44%, the S&P 500 declined 0.67%, and the Nasdaq Composite fell 1.1%. The semiconductor and storage sectors saw broad declines, with individual stocks performing as follows: NVIDIA (NVDA) dropped 1.56%; Intel (INTC) fell 3.5%; Broadcom (AVGO) declined 2.5%; Qualcomm (QCOM) fell 0.4%; Seagate Technology (STX) dropped 5.78%; Western Digital (WDC) fell 7%; SanDisk (SNDK) declined 7.5%; Micron Technology (MU) dropped 5.4%.

11 minutes ago

SpaceX (SPCX) stock is sliding toward a make-or-break level as a selloff drags it more than 30% below its June peak, with the speculative heat that powered its record debut burning off fast.

Two weeks after its $75 billion IPO, the stock has round-tripped from euphoria to fragility. A fresh Starlink launch could not lift it, and cooling hype, weak space peers, and short-heavy positioning now point lower.

Hype Has Burned Out of the SpaceX SelloffThe SpaceX stock selloff has a clear tell, the hype is gone. A proprietary composite Hype Score, which blends momentum, volume intensity, volatility, and overbought readings into a 0 to 100 gauge of speculative intensity, has fallen to 18 and reads as cooling.

Hype Score Gauge: Charlie Quant LabThat marks a sharp reset from the debut. The SpaceX IPO share performance has flipped from a peak near $228 to slightly $150, at press time.

Want more insights like this? Sign up for Editor Harsh Notariya’s Daily Newsletter here.

A Falcon 9 Starlink launch from Vandenberg on June 25 did nothing for the tape yet, a sign the speculative bid has left. However, once the market opens it would be interesting to see if the Spacex stock price today reacts to the Starlink launch.

The same apathy shows up in volume as the decline grinds on. Buying and selling have both faded since June 23, leaving the stock range-bound for roughly 48 hours.

Weakening Volume: TradingViewUnderneath that quiet tape, money flow is split. Chaikin Money Flow (CMF), a proxy for buying and selling pressure, sits at a mild positive 0.10, yet price still trades below its volume-weighted average price (VWAP).

Money Flow Versus VWAP: Charlie Quant LabThat mix matters because trading under VWAP means the average buyer since launch is now underwater. With even a rocket launch failing to lift it, the next clue is what SPCX actually moves with.

SPCX Trades Like a Space Stock, Not a Musk StockWhat SPCX moves with answers a defining question for the stock. Over 15-minute returns, it correlates 0.46 with space sector stocks like AST SpaceMobile (ASTS) and Rocket Lab (RKLB), but only 0.23 with Tesla (TSLA).

Weak Space Sector: Charlie Quant LabThat gap makes the read clear. SPCX is trading on space-sector dynamics, not the Musk founder premium. That distinction matters because the sector is weak. Rocket Lab sits down roughly 44% month-on-month, and AST SpaceMobile has slid 45% in the same duration after a Q1 revenue miss.

Rocket Lab Performance: Yahoo FinanceSpaceX itself deepened that weakness, pulling capital out of smaller names and back into the giant on its debut. If a soft sector is setting the direction, positioning data shows who is leaning hardest into the move.

Smart Money Is Short, but Options Hold the Real LeverLeaning hardest into the downside is the smart money. On Nansen data for the Hyperliquid perpetual that tracks SPCX, smart traders, whales and public figures are all net short, a rare unanimous stance.

That stance runs deep. Whales alone sit net short about $21.8 million, while the perp saw a net $140.6 million of selling over seven days, and the whale holder count fell about 24% in 10 days, which suggests distribution.

Hyperliquid SPCX Positioning: Nansen DataThat positioning is a warning, not a trigger. The perpetual is oracle-priced and tracks the stock, so it reflects smart money positioning and sentiment but cannot by itself move the underlying.

What can move it is the options market, through dealer hedging. The debut set a single-stock record near 1.6 million contracts and sparked gamma squeeze talk toward $400, before at-the-money implied volatility fell from about 169% to the mid-80s.

Volatility Drops: BarchartThat cooling has shifted the structure. The debut frenzy concentrated in short-dated calls struck at $210 to $250, well above the roughly $200 stock at the time, so with price now far below those strikes, dealer hedging can amplify declines rather than cushion them, just as Fidelity’s 15-day flipping penalty lapses around June 27 and frees up IPO supply.

SpaceX Stock Price Levels to WatchIt all comes down to one level. The SpaceX stock price today is holding above $148, the 0.786 Fibonacci level.

Hold it, and the range stays intact. Lose it on an hourly close, and the stock falls into a danger zone, opening the 1.0 retracement at $136 near the IPO price, with the 1.618 extension at $103 below.

SpaceX Price Analysis: TradingViewAbove it, buyers have work to do. They need to reclaim the 0.618 level at $157 to ease pressure, then $163 and $169. Even then, thin volume is the catch. A low-volume break can reverse fast, so SPCX support levels only carry weight on a closing basis.

The $148 line is make-or-break, separating a recoverable dip from a slide back toward the $136 IPO price and beyond.

Source: Binance EN

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06/26 update below. This post was originally published on June 24

Bitcoin and crypto prices have fallen sharply, with the bitcoin price plunging to $60,000 as traders brace for a Federal Reserve shock.

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The bitcoin price has broken with the high-growth technology stocks it was previously trading with, falling even as the likes of Elon Musk’s SpaceX climb ahead of what could be a massive game-changer.

Now, as analysts with JPMorgan flag what could be the next bitcoin price catalyst, bitcoin and crypto market watchers are warning a break below $60,000 could trigger a “cascade.”

Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin price and crypto market swings

ForbesJPMorgan Just Warned A Bitcoin Nightmare Is Suddenly Coming True As Price Crash Fears SurgeBy Billy Bambrough

MORE FOR YOU

U.S. president Donald Trump and his family have gone all in on bitcoin and crypto—though they have failed to help the bitcoin price, which has suffered a crash.

Getty Images

“The asymmetry is to the downside,” analysts with the Bitfinex bitcoin and crypto exchange said in emailed comments, pointing to Friday’s $10.6 billion quarterly options expiry as acting as a bitcoin price magnet.

“A sustained move below the $60,000 put wall pushes deeper into negative gamma and risks a cascade toward $54,000 to $56,000 near the realised price. An upside squeeze into $66,000 to $68,000 is capped by offers and the flip above.”

06/26 update: Shares of bitcoin-buyer Strategy have fallen sharply this week, plunging to $85 and leaving Michael Saylor’s near-850,000-bitcoin giant nursing stock price losses of 85% from its last summer peak.

"Volatility tests every capital structure. Strategy remains focused on bitcoin, disciplined capital allocation, credit quality, and long-term value creation," Saylor posted to X. "We appreciate our investors and will continue to execute with transparency and resolve."

Meanwhile, the company's controversial perpetual preferred stock, known as stretch, is trading at all-time lows of $75, about 25% below its intended $100 level.

"The wobbly behavior of Strategy continues to scare the market, harkening back to other major blow ups the market has seen," Alex Blume, the chief executive of bitcoin and crypto investment advisor and derivatives giant Two Prime, said in emailed comments.

“[Strategy’s] preferred equity is trading now at 80 cents on the dollars and their stock has collapsed below $100. The tools available for them to prop up their ponzi scheme are dwindling.”

However, Blume remains upbeat, calling it “a good time to buy” bitcoin.

“Strategy is not a forced seller of actual bitcoin for a long time,” Blume said. "The current drawdown, in relation to Strategy uncertainty, is largely emotional, but not truly a structural issue.”

Saylor hasn't been able to escape suggestions that Strategy could become this "cycle's" FTX or suffer the same fate as the terraUSD so-called algorithmic stablecoin, and its support coin luna.

“Bitcoin’s sharp fall coincided with the opening of the U.S. market and a further deviation from par value of Strategy’s [stretch] preference shares,” Alex Kuptsikevich, the FxPro chief market analyst, said via email.

“Concerns are mounting about Strategy’s financial health, as it lacks sufficient dollar reserves to pay dividends and reduce its debt burden, potentially prompting the sale of part of its bitcoin holdings"—something that could trigger a bitcoin price spiral as traders rush to sell ahead of the largest corporate holder of bitcoin.

Meanwhile, U.S. president Donald Trump has refused to sign Congress’ bipartisan housing bill, which includes a four-year ban on a central bank digital currency (CBDC), saying he won’t sign it until the voting identification Save America Act is passed.

“Today’s housing news conference and signing is hereby cancelled until such time as we pass the desperately needed Save America Act, which I consider to be a national emergency,” Trump posted to his Truth Social.

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Forbes‘House Of Cards Collapsing ’—Serious Bitcoin Crash Warning Hits PriceBy Billy Bambrough

The bitcoin price has fallen sharply, with a bitcoin price crash predicted to get worse if the bitcoin price drops under $60,000.

Forbes Digital Assets

Trump’s refusal to sign the bill could mean he’s also unlikely to sign the bipartisan crypto market structure bill known as the Clarity Act, which many have pinned their hopes of a bitcoin price and crypto market recovery on.

"With the July 4 deadline looming for the Clarity Act, that question is no longer hypothetical. It’s becoming a real strategic consideration," Javier Martinez, chief executive of crypto platform sFox said in emailed comments.

“At some point, waiting becomes a liability. And if clarity doesn’t come soon, institutions won’t just sit on the sidelines. They’ll go where the rules are. The question isn’t whether capital will move. It’s whether the U.S. will keep it."

CROWDFUNDINSIDER: Bitcoin Suisse Obtains MiCA Authorization and Launches European Expansion Efforts

Bitcoin fell to $58,000 on Thursday before partially recovering, extending a correction that has pushed the world's largest cryptocurrency to its lowest levels since late 2024, as a hotter-than-expected core PCE inflation reading stoked fears that the Federal Reserve will keep interest rates elevated for longer.

The May Personal Consumption Expenditures price index — the Fed's preferred inflation gauge — showed core prices rising 3.4% year-over-year, its highest level since October 2023, while the headline index accelerated to a 4.1% annual rate driven in part by higher energy prices. Monthly core PCE ticked up 0.3%.

"Bitcoin deepens its correction as inflation strengthens the Fed's hawkish stance," Simon-Peter Massabni, Head of Retail Sales at XS.com, said. The data confirms the Federal Reserve is unlikely to pivot toward rate cuts in the near term, he added, with the central bank already showing less willingness in recent communications to consider easing.

Can-Luca Koymen, investment strategist at Sygnum Bank, read the print similarly.

"This is a print-by-print Fed now, and the number that also matters is this core PCE print, not just CPI, since that's the Fed's preferred gauge," Köymen said.

Sygnum's base case is for the Fed to hold across the next two to three meetings, a more hawkish call than Fed funds futures, which priced roughly a 52% probability of a September rate cut heading into the data.

Expand Chart

ETF streak and gamma pressure U.S. spot bitcoin (BTC) exchange-traded funds recorded $696 million in net outflows on June 25, stretching a redemption streak to six consecutive sessions, according to SoSoValue data.

The U.S. spot ether (ETH) ETF cohort logged a parallel six-day outflow streak, shedding $81.9 million on the same day.

Expand Chart

Mounting ETF pressures arrived ahead of Friday's $10.6 billion quarterly options expiry on Deribit, the largest of 2026 and accounting for roughly 37% of total bitcoin open interest on the platform.

With roughly 80% of that notional out of the money, the expiry settled with max pain at $72,000–$74,000, far above spot, undermining the price-pinning mechanics that max pain theory predicts, as The Block reported.

Bitfinex analysts had warned that bitcoin trading below the gamma flip at $68,000–$70,000 placed the entire range in negative-gamma territory, a regime where dealer hedging amplifies moves rather than containing them.

The $60,000 put wall, anchored by roughly $450 million in June 26 puts, constituted the structural floor heading in.

Expand Chart

Gabe Selby, head of research at CF Benchmarks, pointed to the $50,000–$60,000 zone as a historically durable base.

"Bitcoin first established this level as support in mid-2024, consolidating here following the U.S. spot ETF launch rally, and it's held through everything thrown at it since: the yen carry unwind, the election cycle, and every other high-time-frame retest," Selby said.

Whale conviction vs. macro headwinds Lacie Zhang, research analyst at Bitget Wallet, argued the correction reflects a selective rather than broad flight from crypto.

BTC dominance holding near 55% while prices fell indicates capital is rotating into higher-quality assets rather than exiting the space entirely, she said, with blue-chip Layer 1s and yield-generating sectors absorbing defensive flows.

Expand Chart

Zhang flagged Friday's post-expiry positioning reset — not the PCE print itself — as the more consequential near-term variable. In her view, if ETF outflows simply stabilize and volatility normalizes after the quarterly book clears, bitcoin's recovery could overshoot current consensus estimates.

Kyle Rodda, senior financial market analyst at Capital.com, contextualized the macro noise.

Wall Street trading was choppy despite clearing two meaningful risk events, namely Micron's strong earnings beat and the PCE data, with Apple's price hike announcement and end-of-quarter portfolio rebalancing generating most of the intraday volatility, he wrote.

The downside was concentrated in tech names that had significantly outperformed through the quarter, consistent with fund managers trimming winners into month-end.

Cycle bottom debate Ki Young Ju, chief executive of CryptoQuant, cast doubt on the idea that bitcoin is approaching a cycle trough.

His 4-year rolling realized price risk/reward ratio has touched the realized price at every major historical cycle bottom. As of Friday, bitcoin remains well above that level, suggesting the risk/reward has not yet shifted decisively in favor of buyers by historical standards.

While the bottom discourse continues to garner participants, Bitwise CIO Matt Hougan previously argued that whether the top is in offers the more convincing focal point.

Bitcoin was trading around $59,000 on Friday, still below the $60,000 psychological level it breached on Thursday when it hit its intraday low of $58,000. Ether changed hands for under $1,525 around the same time, The Block’s price page shows.

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BARRONS: Strategy Stock Mired In Worst Losing Streak Since Late 2022 as Bitcoin Under $60,000

PANews, June 26 – According to Bloomberg, Bitcoin’s market cap has shrunk by about $1.3 trillion since its peak last year, with its price falling below $60,000. Several veteran investors believe the market is now near the "bottom range" of previous cycles, though the true bottom may not form until late summer or even September. Early investor Bruno Ver expects Bitcoin could dip to around $50,000; CryptoQuant estimates Bitcoin's "realized price" at roughly $53,400, a level historically viewed as a relatively reliable bottom reference; multiple models from Glassnode suggest a potential bottom range of $37,000 to $60,000. At the same time, spot Bitcoin ETFs continue to see net outflows, retail funds are rotating into AI concept stocks, Strategy Inc.'s financing model is under pressure, and the Fear and Greed Index has fallen to "extreme fear," indicating that market sentiment remains pessimistic.

Strategy, the company that turned a sleepy enterprise software firm into the world’s largest corporate Bitcoin piggy bank, now controls approximately 4% of Bitcoin’s total supply. CEO Phong Le used the stat as a rallying cry during a period of market volatility, framing the firm’s relentless accumulation as a feature, not a bug, of uncertain times.

The company holds 847,363 BTC on its balance sheet, valued at roughly $75.65 billion. To put that in perspective, there will only ever be 21 million Bitcoin. Strategy owns nearly one in every 25 of them.

The numbers behind the buying spree In late May, the firm sold 32 BTC at an average price of around $77,135. That sale represented approximately 0.004% of its total stash.

Strategy scooped up approximately 1,550 BTC in early June at an average price of $65,332 per coin. Additional purchases in June included batches of 520 BTC and 1,587 BTC, with prices ranging from $63,000 to $67,000.

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Le has suggested the company may pursue capital raises in the tens of billions of dollars to keep funding Bitcoin acquisitions. The company has already introduced STRC perpetual preferred shares as one mechanism to raise cash specifically earmarked for Bitcoin purchases.

The Saylor blueprint, executed by Le It’s impossible to discuss Strategy’s Bitcoin thesis without acknowledging Michael Saylor, who pioneered the entire concept of a corporate Bitcoin treasury back in 2020. Saylor stepped into the Executive Chairman role, leaving the CEO title to Phong Le, but the philosophical DNA remains unchanged.

Le has articulated holding intentions that stretch decades into the future, with a timeline that could extend to 2065.

What this means for investors When a single entity controls 4% of a finite asset’s supply, its behavior becomes a market-moving variable. Every purchase Strategy makes removes Bitcoin from circulation, tightening the already constrained supply.

The recent buying activity in the $63,000 to $67,000 range suggests Strategy views current prices as attractive.

If Strategy successfully raises tens of billions in new capital for Bitcoin purchases, the demand shock could be significant. STRC perpetual preferred shares represent a funding instrument that lets the company buy Bitcoin without diluting common shareholders in the traditional sense.

A company with $75.65 billion in Bitcoin and a software business that generates a fraction of that in revenue is, by definition, concentrated. If Bitcoin enters a prolonged downturn, Strategy’s balance sheet takes the full hit, and MSTR shareholders feel every bit of it.

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