Spanish regulator: No extensions or exemptions will be granted for the MiCA license transition period.
Carlos San Basilio, chair of Spain’s National Securities Market Commission (CNMV), said crypto firms that fail to obtain EU MiCA licenses by the end of June will not be granted any extensions or exemptions by the regulator. Large platforms must exit the EU market in compliance with regulations. The regulator is in close communication with unauthorized firms, focusing on their exit plans and customer asset transfer arrangements to safeguard investor interests. He also warned that investors conducting new transactions on unlicensed platforms will no longer enjoy protection under the MiCA framework.
Prediction market platform Polymarket has disclosed its annualized revenue has crossed the $1 billion mark. The FIFA World Cup has continuously boosted trading volumes across platforms since its kickoff: Polymarket’s U.S. platform daily trading volume surged from around $50 million in mid-May to over $200 million on June 20; the international platform’s total weekly trading volume, after a decline in April and May, also hit an all-time high during the World Cup. Previously, Polymarket was banned from operating in the U.S. in 2022 over incomplete regulatory registration. Last July, the U.S. Commodity Futures Trading Commission (CFTC) and the Department of Justice (DOJ) closed their investigation into the firm without filing charges, and its U.S. platform now operates as a CFTC-regulated trading venue.
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SecondFi: Final balance snapshots have been completed, and asset refunds are expected to begin in approximately two weeks.
SecondFi Update on Incident Fund Recovery Progress: The final balance snapshot was completed on June 26, serving as an accurate record basis for subsequent asset recovery. The engineering and security teams have finished balance verification and recovery mechanism assessment, with asset refunds expected to begin in approximately two weeks—one week will be allocated to implementing solutions, and the other to testing and review. The specific timeline may be adjusted based on progress. SecondFi stated that operations will resume only after confirming platform security and completing all security reviews. Currently, users only need to submit applications via support tickets, with no other actions required.
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Goldman Sachs strategist advises investors to appropriately increase allocations to cloud service providers and reduce holdings in semiconductor stocks.
Goldman Sachs strategist Christian stated that amid AI-related trading segments, as chipmaker stocks continue to fluctuate, the investment appeal of large-cap tech stocks may further rise. Currently, the market is led by chip companies and beneficiaries of AI capital expenditure, rather than hyperscale cloud service providers. These chip stocks rank among the most volatile segments in the AI industrial chain, with massive funds building heavily leveraged positions in them via tools like ETFs and options. "If the upward momentum of the AI sector remains strong, investors should increase their allocation to cloud service providers and reduce holdings in semiconductor stocks. Semiconductors are the most volatile link in the AI capital expenditure chain."
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Dreamcash will close the CASH perpetual market built on HIP-3.
Hyperliquid ecosystem mobile trading platform Dreamcash announced it will shut down its CASH perpetual market deployed under HIP-3. The shutdown will be phased over three days from June 30 to July 2, with each market settling sequentially at oracle prices. All open positions will be automatically closed at the settlement price, requiring no user action. As the platform uses a non-custodial architecture, user funds, balances and rewards remain unaffected, so no withdrawal is needed. Dreamcash stated it will reallocate core resources to developing its mobile trading application, which itself is unaffected and will continue operating as usual.
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Major reshuffle of the Russell Indexes: NVIDIA takes the top spot, SpaceX included for the first time; pension funds' quarter-end portfolio rebalancing may spark late-session volatility.
FTSE Russell’s semi-annual index reconstitution will take effect after U.S. stock market close this Friday. The most notable change in this adjustment is that Nvidia will replace Apple as the top-weighted stock in the Russell 1000 Index, while Apple will drop to third place, and Walmart will make its debut in the index’s top 10 weighted stocks. Additionally, AI concept companies including SpaceX and CoreWeave have been added to the index system, further boosting the index’s exposure to AI-related firms. Preliminary lists show 62 companies are newly added to the Russell 1000 and 237 to the Russell 2000; Alphabet and AMD were removed from the Russell 1000 Value Index and fully reclassified as growth stocks. Jay Woods, chief market strategist at Freedom Capital Markets, described the move as “Wall Street’s list-cutting day” — thousands of companies are re-ranked across indices based on their latest market capitalizations, with winners moving up and laggards demoted. Unusually, this year’s FTSE Russell index reconstitution coincides with the U.S. quarter-end pension rebalancing window, exposing the market to dual capital flow shocks. Goldman Sachs estimates U.S. pensions will net sell roughly $30 billion in stocks at the end of this quarter. With passive index rebalancing and pension rebalancing occurring simultaneously, Friday’s closing session could be one of the year’s most capital-dense and volatile trading periods. JPMorgan notes that companies promoted from the Russell 2000 to the Russell 1000 typically have stronger growth attributes, higher volatility, and lower dividend payouts. As these firms exit, the overall dividend yield of remaining Russell 2000 companies is expected to rise by around 16.5% — a structural shift with far-reaching impacts on investors using income or value strategies benchmarked against the Russell 2000.
Dawn Song, the UC Berkeley professor who founded privacy-focused blockchain Oasis, has taken a new job as Vice President of AI Research at Meta’s Superintelligence Labs. Song announced the move on June 25, shifting her focus from decentralized privacy infrastructure to making sure Meta’s AI models don’t go sideways. Her mandate at MSL centers on AI safety and security for systems that serve billions of users globally.
From blockchain to big tech Song’s career reads like a tour through every major tech anxiety of the last decade. She ran the UC Berkeley Center for Responsible Decentralized Intelligence, launched Oasis Labs to build privacy-preserving blockchain infrastructure, and co-founded Virtue AI in 2024 to tackle responsible AI development.
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Several core team members from Virtue AI have reportedly followed Song to Meta MSL, suggesting this wasn’t a casual recruitment but a deliberate talent acquisition.
What this means for Oasis and ROSE The ROSE token that once peaked at $0.596 now trades at roughly $0.006. That’s a 99% decline from its all-time high.
Oasis Labs raised $45 million back in 2018 from heavyweight investors including a16z Crypto and Binance Labs. No significant price movement in ROSE followed the announcement of Song’s departure.
Why investors should pay attention The more interesting story here isn’t about one token. It’s about the gravitational pull that AI labs are now exerting on crypto’s best technical minds. The skills overlap is real: cryptographic verification, secure computation, adversarial robustness, and privacy-preserving architectures are all relevant to the challenge of building AI systems you can actually trust.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
UC Berkeley professor and Oasis Labs founder Dawn Song has joined Meta Superintelligence Labs as vice president of AI research.
Summary
Dawn Song joins Meta, bringing Oasis privacy experience to frontier AI safety and security work. Virtue AI members are joining Meta as MSL builds safety tools for agentic AI systems. ROSE remains near record lows, showing Song’s AI move has not revived Oasis token demand. She said she will help lead Meta’s AI safety and AI security efforts. Song announced the move in a post on X. She said several members of the Virtue AI team will also join Meta. Axios also reported that Virtue AI co-founders Bo Li and Sanmi Koyejo are among the hires.
Song said her work at Meta will focus on frontier AI models and agentic AI systems. She wrote that AI must be “secure, trustworthy, and beneficial” if it is to reach its full use.
🚀I'm excited to share that I will be joining Meta Superintelligence Labs (MSL) as Vice President of AI Research, together with many members of the Virtue AI team. I will help shape Meta's AI safety and AI security efforts, advancing the safety and security of frontier AI models…
— Dawn Song (@dawnsongtweets) June 25, 2026 The move gives Meta more senior talent in AI security. It also brings a well-known blockchain privacy researcher into one of the world’s largest AI labs.
Virtue AI team moves to MSL Virtue AI was founded in 2024 to build tools for trustworthy AI. Song said the team worked on AI security, agent security, benchmarks and open platforms before the Meta move.
According to Axios, Meta is hiring several Virtue AI leaders and team members. The report said the group worked on automated red teaming, runtime guardrails and AI governance.
Meta’s interest comes as AI labs put more attention on agent safety. AI agents can take actions, use tools and handle tasks across software systems. That makes security more important because errors or misuse can spread across real products.
As previously reported, Meta has been building a superintelligence AI team after its large Scale AI deal. The company wants to improve its AI models and ship them across Facebook, Instagram, WhatsApp and other products.
Oasis background adds crypto angle Song is also known in crypto as the founder of Oasis Labs. The company raised $45m in 2018 to build privacy-first cloud computing on blockchain. Its backers included a16zcrypto, Accel and Binance Labs.
The Oasis project later became tied to the Oasis Network and the ROSE token. The network focuses on confidential computing, data privacy and privacy-preserving applications.
In a previous article, crypto.news discussed Oasis Protocol’s verifiable AI agents for crypto trading. The project used trusted execution environments to keep strategies private while giving users proof of how agents behave.
Previously, crypto.news explored Oasis-based AI and data services through Pontus-X, a platform built around privacy and data control. Song’s Meta role connects that same privacy and security theme to a much larger AI platform.
ROSE remains near record lows The hiring news has not changed ROSE’s weak market setup. Oasis traded near $0.0059 on June 26, close to its intraday low. That is about 99% below its all-time high near $0.596.
Oasis Network (ROSE) price chart, source: crypto.news ROSE has also struggled with the broader crypto market selloff. Its market value remains far below peak-cycle levels, even as AI and privacy remain active themes in the sector.
The move is still notable for the Oasis community because Song helped shape the project’s early research identity. Her work linked blockchain, privacy and security before AI safety became a major mainstream topic.
For Meta, the hire adds academic and startup experience to its AI safety push. For crypto, it shows how privacy and security talent from blockchain continues to move into frontier AI.
PANews June 26 news, according to the Huobi HTX announcement, Huobi HTX will open CAP deposit services at 18:30 (GMT+8) on June 26. CAP/USDT spot trading will open at 21:00 (GMT+8) on June 26. CAP withdrawal services will open at 21:00 (GMT+8) on June 28.
It is reported that Cap is a DeFi credit protocol built on a Covered Credit mechanism, composed of digital dollars, a credit platform, and a financial guarantee market, aiming to provide guarantee support for personal loans. CAP's stablecoin engine will produce convertible stablecoins of various denominations (such as USD, BTC, and ETH).
Binance announced that the altcoins Alchemix (ALCX), Ardor (ARDR), NFPrompt Token (NFP), and Marlin (POND) will be delisted.
Binance, the world’s largest cryptocurrency exchange, continues to make altcoin announcements. Accordingly, Binance announced the delisting of four altcoins.
Binance announced that the altcoins Alchemix (ALCX), Ardor (ARDR), NFPrompt Token (NFP), and Marlin (POND) will be delisted.
“Based on our latest assessments, we have decided to discontinue trading and delist the following tokens in all spot trading pairs on 10.07.2026 at 03:00 (UTC):”
ALCX, ARDR, NFP and POND
Spot trading pairs for these altcoins will be discontinued.
All trading orders will be automatically deleted after the transactions in the relevant trading pairs have ended.
The token’s value will no longer be displayed in user accounts after it is delisted. Deposits of these tokens will not be credited to users’ accounts after 03:00 (UTC) on 11.07.2026.
Withdrawals of these tokens from Binance will no longer be supported after 09.09.2026 03:00 (UTC).
Following the news, altcoin prices experienced sharp and significant drops.
*This is not investment advice.
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PANews, June 26 – According to TheStreet, stablecoin-native payment company Daya has completed a $2.4 million Pre-Seed funding round led by Hivemind Capital, with participation from Lattice, Alliance, Globelink, and Aptos Foundation. Daya was co-founded by Nigerian entrepreneurs Aleph L and Paul Joe, who previously co-founded Helicarrier (an early African crypto exchange and stablecoin remittance platform) and have held roles at Circle, Microsoft, and Lyrik Ventures.
It is reported that Daya aims to build a financial operations layer for cross-border businesses in Africa, integrating local banks, foreign exchange, crypto on/off ramps, and payment processors through a single dashboard to automatically route the optimal payment path.
PANews June 26 report, ZachXBT posted a community alert on X platform, stating that multiple users have reported that centralized exchange AscendEX (formerly Bitmax) is experiencing withdrawal delays ranging from several days to weeks, and even unable to process withdrawals. After checking the exchange’s known hot wallets via Arkham and TRM, ZachXBT found that its reserves lack major large-cap tokens such as ETH, USDT, and SOL, and it may face liquidity issues. AscendEX was founded by George Cao and Ariel Ling in 2018, and suffered a hack by the Lazarus Group in December 2021 with a loss of approximately $78 million.
On-chain investigator ZachXBT has warned that centralized exchange AscendEX may be delaying user withdrawals due to possible liquidity stress.
Summary
ZachXBT says AscendEX users reported withdrawals delayed for days or weeks without clear processing updates. Known hot wallets appear short of large assets, raising fresh concerns about exchange liquidity. The alert follows wider scrutiny of centralized exchanges over withdrawal delays and reserve transparency. The alert followed several user reports claiming that withdrawals had been pending for days or weeks.
AscendEX, formerly known as BitMax, has not issued a public response to the latest claims at the time of writing. ZachXBT said he reviewed known exchange hot wallets on Arkham and TRM. He said the wallets appeared to lack large assets such as ETH, USDT, USDC and SOL.
Wallet review raises reserve questions ZachXBT said the wallet review points to possible liquidity issues, but the claim has not been confirmed by AscendEX. He said the exchange may be delaying or failing to process some withdrawal requests. He also shared EVM, Tron and Solana hot wallet addresses linked to the review.
ZachXBT: AscendEX May Be Delaying User Withdrawals Due to Liquidity Issues
ZachXBT issued a community alert saying he has observed multiple reports that centralized exchange AscendEX, formerly Bitmax, is delaying user withdrawals for days or weeks, or not processing withdrawals.… pic.twitter.com/bluRdEdDys
— Wu Blockchain (@WuBlockchain) June 26, 2026 “I have observed multiple reports that the centralized exchange AscendEX is delaying user withdrawals for days / weeks or not processing withdrawals,” ZachXBT said in his alert.
He added that its reserves “appear to lack large cap tokens” such as ETH, USDT and SOL. The wording leaves room for further verification because exchange reserves can include cold wallets, third-party custody or wallets not publicly labeled.
AscendEX history adds context AscendEX was founded in 2018 by George Jing Cao and Ariel Ling. The exchange became known as BitMax before its later rebrand. In December 2021, the platform was reportedly hacked for about $78m in assets, with the Lazarus Group later linked to the attack.
The new alert comes at a time when users remain sensitive to withdrawal delays across smaller and mid-sized exchanges. As crypto.news reported, ZachXBT also flagged JuCoin over withdrawal delays and reserve concerns earlier this month. In that case, users questioned whether reported reserves were backed by liquid third-party assets.
Users look for proof of liquidity AscendEX’s own help center says withdrawals usually move through platform verification, blockchain confirmation and receipt by the target wallet. It also says users should receive a TXID once AscendEX completes the transfer to the blockchain. The help center tells users to contact support if no TXID is generated within two hours after a withdrawal request.
That guidance matters because several complaints around exchange delays often center on the same point: funds leave the available balance, but no blockchain transaction appears. Without a TXID, users cannot verify whether the asset has moved on-chain. That makes communication from the exchange more important during stress.
Previously, crypto.news explored how reserve reports can fail to calm users when withdrawal pressure builds. The same issue now applies to AscendEX. Users need clear timelines, wallet transparency and proof that major assets remain available for withdrawal.
The situation remains developing. ZachXBT’s claims raise concern, but they do not prove insolvency. AscendEX can reduce uncertainty by publishing a clear update, explaining any delays and showing verifiable asset balances across hot and cold wallets. Until then, the alert is likely to keep pressure on the exchange and its reserve practices.
PANews June 26 news, Gate officially launched a new wealth management service system Gate Wealth, targeting global ultra-high-net-worth individuals and institutional investors, providing private banking-grade integrated services that connect Web3 and traditional finance. Gate Wealth integrates digital assets, fiat currency systems, and real-world assets (RWA) into a unified allocation framework, covering diverse asset classes including crypto asset liquidity management, RWA fixed-income assets, structured products, global equities, ETFs, foreign exchange, metals, commodities, U.S. Treasury bonds, and primary market opportunities.
Leveraging a multi-jurisdictional compliance architecture, an institutional-grade liquidity network, and a professional investment research team, Gate Wealth offers 7×24 dedicated service, supporting large-block trade execution, asset transfers, portfolio optimization, and dynamic rebalancing. In terms of building global financial service capabilities, entities under Gate have obtained or completed relevant financial, payment, and virtual asset licenses, authorizations, or registrations in multiple core jurisdictions, providing a compliance foundation for Gate Wealth’s cross-border asset allocation and multi-asset services. At the same time, the system extends to long-term wealth management scenarios such as trust structures, cross-border tax planning, asset segregation, and family wealth succession. Gate Wealth will continue to enhance global asset allocation and liquidity service capabilities, promote deep integration between digital finance and traditional finance, and build wealth management infrastructure that is more resilient, forward-looking, and long-term in value for high-net-worth clients worldwide.
PANews, June 26 – Bluefin founder Zabi announced on X that Bluewater has acquired the Sui ecosystem lending protocol Suilend, and Zabi will assume the role of Suilend CEO. Zabi stated that plans over the coming months include introducing institutional capital, RWA integration, deeper liquidity, and a new generation of retail lending products to the Sui ecosystem. Multiple institutional partnerships are already in progress, with the goal of making Suilend the capital hub on the Sui chain. Suilend will operate as an independent platform, retaining its own brand, community, and product direction; Bluefin will also continue to operate independently. Zabi emphasized that his personal core focus on Bluefin remains unchanged, and the acquisition will not affect Bluefin’s development goals.
Bluewater announced it has completed the acquisition of Sui ecosystem lending protocol Suilend. The deal covers Suilend and its ecosystem products STEAMM and SpringSui, marking the start of a new development phase for Suilend. Following the acquisition, Suilend will continue to operate as an independent platform, retaining its original brand, product roadmap, and infrastructure, while receiving long-term capital and operational support from Bluewater. Bluewater stated that the two parties have collaborated for nearly three years, and it highly recognizes Suilend’s product quality, execution capability, and security standards. Going forward, the two sides will gradually advance deep integration of trading, lending, collateralization, liquidity, and yield products, though Bluefin and Suilend will remain separate brands, infrastructures, and legal entities. Bluewater emphasized that this transition will be carried out in a phased manner, with multiple audit firms involved. Users do not need to take any action, and existing positions, deposits, and protocol functions will remain operational during the transition period. In addition, Bluewater noted that the SEND token is not included in this acquisition. SEND will be handled separately by the existing Suilend team, and will be distributed to token holders as the project is gradually wound down, with relevant details to be announced later.
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F2Pool co-founder Wang Chun added 9,937 ETH and 147.5 WBTC to his positions again in the past six hours.
According to Yujin Monitoring, F2Pool co-founder Wang Chun withdrew 9,937 ETH (valued at $15.5 million) and 147.5 WBTC ($8.7 million) from Binance over the past six hours, then deposited the assets into Spark. Since the start of the month, when BTC fell below $60,000 and ETH dropped below $1,700, he has accumulated approximately 65,700 ETH ($111 million) and 966 WBTC ($60.29 million) through dip-buying. Current prices stand at around $62,400 for BTC and $1,660 for ETH. All of the WBTC and roughly half of the ETH were deposited into Spark, while the remaining half of the ETH was allocated to Ethereum staking.
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Micron's CEO accused Apple of taking advantage of the industry downturn to slash prices significantly, leading to a current severe capacity shortage.
Micron Technology Chief Commercial Officer Sumit Sadana hinted that "certain specific major clients" (Apple) used negotiating leverage during the last industry downturn to slash prices sharply, severely undermining the company’s ability to invest in production capacity and sowing the seeds for the current severe memory chip shortage. Additional data shows that Apple’s price-cutting practices led to massive losses for suppliers including Micron and SK Hynix in 2022 and 2023, with some posting gross margins as low as -90%. Meanwhile, Apple reaped over $16 billion in profits via its tiered pricing strategy for different iPhone storage capacities. Interestingly, three years later, Apple has reaped what it sowed. Yesterday, Apple was forced to raise prices for its hardware products amid a surge in storage chip costs, a move that subsequently triggered a sharp plunge in the company’s stock price.
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US stocks traded broadly lower in pre-market hours, with Micron and other memory chip stocks extending their declines, and STRC falling below $73.
Per Bitget market data, U.S. stocks are broadly lower in pre-market trading. Micron and other storage stocks that were relatively strong yesterday are seeing catch-down declines: Micron is down 5.19% pre-market, SanDisk (SNDK) is down 5.91%, and Seagate (STX) is down 4.26%. The CPO sector remains weak: AAOI is down 4.99% pre-market, Corning (GLW) is down 3.93%, Lumentum (LITE) is down 3.92%, and Marvell (MRVL) is down 3.86%. Notably, Strategy’s closely watched perpetual preferred stock STRC has fallen below $73 in pre-market hours, currently trading at $72.91, a 3.67% drop. MicroStrategy’s MSTR is down 0.28%.
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Federal Reserve Chair Walsh plans to appoint two senior central bank economists as advisors.
Federal Reserve Chair Walsh plans to appoint two senior central bank economists as advisors. Daniel Covitz and Eric Engstrom, both longtime Federal Reserve staff members, will advise Walsh. (Wall Street Journal)
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A crypto whale has opened a 40x short position on Bitcoin and a 10x short position on SPCX, with a total position value of $73.76 million.
According to Onchain Lens monitoring, a crypto whale has opened a combined short position valued at $73.76 million: 1002.5 BTC (40x leverage) and 89,695.7 SPCX (10x leverage). BTC’s liquidation price is $62,071.8, and SPCX’s liquidation price is $162.79.
PANews, June 26 - As a core ecosystem AI project of DATA (formerly Story), blockchain AI data infrastructure Poseidon has announced a strategic partnership with South Korea’s national mobile financial platform Toss, becoming Toss’s first partnership project in the Web3 and AI data space. Poseidon focuses on providing traceable, high-quality real-world training data for cutting-edge global AI models.
Poseidon’s app Numo has been integrated into Toss as a mini-program, directly reaching its approximately 30 million user base. Without downloading an additional app, users can participate in generating Korean voice, image, and POV (first-person perspective) behavioral data within Toss and receive real-time rewards based on their contributions. The provenance and value of each piece of data are fully recorded on the blockchain, creating a transparent closed loop from data contribution to earnings.
Poseidon has completed a $15 million seed round led by a16z. Its contributor app Numo has accumulated over 711,000 on-chain data registration records globally and is now available via iOS, Android, and the Toss app. In addition, DATA Network officially completed its brand upgrade from Story this week, with the native token $IP officially renamed to $DATA, and holders swapped at a 1:1 ratio. Since its launch, the price has risen by 28.24%.
PANews June 26 news, according to Cailian Press, the market fluctuated and adjusted, with the three major indices opening lower and moving lower throughout the day. The combined turnover of the Shanghai and Shenzhen stock markets was 3.55 trillion yuan, shrinking by 41.9 billion yuan compared to the previous trading day. On the market, hotspots were relatively scattered, and over 4,600 stocks across the whole market fell. By sector, the glass substrate concept bucked the trend and surged, with Laibao Hi-Tech, Ledman Optoelectronic, and Red Star Development hitting the daily limit. The green electricity concept rose during the session, with CECEP Wind Power and Longyuan Power hitting their daily limits. The PCB concept strengthened in some areas, with Xianfeng Holding sealing 6 daily limit-ups in 8 trading days and Guanghe Technology hitting its daily limit. The lithography machine concept was active, with Xinlai Yingcai and Highly touching their daily limit-ups. On the downside, the computing power hardware sector adjusted collectively, optical fiber and CPO concepts weakened, SDG Information and FiberHome hit their daily limit-downs, and Everbright Photonics and Changyingtong tumbled. The lithium battery sector declined, Veken Technology hit its daily limit-down, and Ronbay Technology, Azure Lithium, and many other stocks fell in volatile trading. At the close, the Shanghai Composite Index fell 2.26%, the Shenzhen Component Index fell 3.44%, and the ChiNext Index fell 4.07%.
PANews, June 26 – CryptoQuant analyst Axel Adler Jr. released a report pointing out that Bitcoin's Realized Net Profit/Loss (90-day MA) has been negative for the fifth consecutive month, with the current reading at -$203.2 million. This means the market is systematically locking in losses, consistent with the early stages of past bear cycles. However, the cost basis of holder cohorts shows core support lies in the $48,000–$56,000 range. Looking at cost basis by cohort: whales (10,000+ BTC) at $48,100, small addresses (10–100 BTC) at $47,800, large wallets (1,000–10,000 BTC) at $56,500 – all still below the current price. Only the 100–1,000 BTC cohort ($65,700) is in loss, making it the main source of current loss-selling.
Adler noted this contrasts with the full capitulation in 2022, when nearly all cohorts fell below their cost basis. The current market shows a controlled decline rather than a capitulation pattern. The main risk lies in breaking the $48,000–$56,000 support zone; if this range is lost, it would push more holders into loss and open up deeper downside.
The broader cryptocurrency market is facing relentless selling, pushing Bitcoin (BTC) down to $58,000 on Friday and liquidating over $1 billion in 24 hours. Worldcoin (WLD) and Pepe (PEPE) have emerged as the biggest losers over the same period, as bearish grip tightens on retail sentiment.
CoinMarketCap’s Fear and Greed Index at 14 on Friday continues to drift lower, signaling a clear risk-off mandate among investors.
Fear and Greed Index. Source: CoinMarketCapCrypto market hits the panic buttonBitcoin's slip below the $60,000 mark signals a structural bearish shift across the crypto market, with extended downside risks. CoinGlass data shows around $1 billion in total liquidations over the last 24 hours, primarily driven by $806 million in long liquidations, suggesting weakness among buyers.
Crypto liquidation data. Source: CoinGlassOn the institutional front, Bitcoin Exchange-Traded Funds (ETFs) recorded $696 million in outflows on Thursday, marking their highest outflow since May 27. The institutional trimming extends for the sixth consecutive day, totaling $3.61 billion so far in June, the highest monthly outflow ever.
Bitcoin ETFs data. Source: SosovalueBitcoin loses recovery hopes as bears break the $60,000 markBitcoin trades around $58,000 at press time on Friday, extending its fourth consecutive day of losses. The bearish breakout of the $60,000 psychological threshold offsets the possibility of a double-bottom reversal, reaffirming a firm bearish bias.
The 50-day Exponential Moving Average (EMA) at $67,821 and the 200-day EMA at $77,044 both loom overhead as trend-defining resistance, while the broken upward support trend line, now a barrier around $73,736, underscores the loss of bullish structure.
That said, the momentum remains heavy on the downside, with the Moving Average Convergence Divergence (MACD) slipping below its signal line, hinting at fading downside pressure, while the Relative Strength Index (RSI) at 28 shows oversold conditions that could slow but not yet reverse the downtrend.
Looking down, the path of least resistance could drift Bitcoin lower toward the July 5, 2024, low of $53,485.
BTC/USDT daily price chart.Worldcoin and Pepe extend their downward spiralWorldcoin trades below the $0.5000 psychological level on Friday, mirroring Bitcoin's four consecutive days of losses. Still, the 50-day EMA at $0.4513 and the 200-day EMA at $0.4651 keep the near-term tone neutral to slightly supported after the recent bounce.
The MACD line falls sharply below the signal line as selling pressure resumes, while the RSI at 44 has eased below the midline, hinting that bullish momentum is fading.
On the topside, immediate resistance aligns with the $0.7229 peak from June 17, and a daily close above this barrier would open the way for a more constructive recovery phase.
WLD/USDT daily price chart.On the downside, initial support comes from the 200-day EMA at $0.4651, and the 50-day EMA at $0.4513, and a break back below this level would reinforce the idea of a deeper pullback toward prior lows, leaving the pair vulnerable to renewed selling pressure.
Pepe mimics a falling knife scenario on the daily chart, with roughly an 18% loss over the last four days. PEPE is down 3% at press time on Friday, well below the 50-day and 200-day EMAs at $0.00000311 and $0.00000428, respectively. To reinforce an upward trend, short-term recoveries in PEPE should clear the moving averages above.
That said, the momentum is extremely bearish on the daily timeframe, limiting the chances of a rebound. The MACD indicator flashes a sell signal with a bearish crossover while the RSI at 19 points to extreme oversold conditions.
On the downside, the extended correction in PEPE could target the $0.00000200 round figure, last seen in February 2024.
PEPE/USD daily price chart.(The technical analysis of this story was written with the help of an AI tool.)
PANews June 26 news, Binance announced that it will suspend trading and delist the spot trading pairs for Alchemix (ALCX), Ardor (ARDR), NFPrompt Token (NFP), and Marlin (POND) at 11:00 (UTC+8) on July 10, 2026, and simultaneously terminate the relevant trading bot services. Deposits of the above tokens will no longer be credited after 11:00 on July 11, and withdrawals will be halted at 11:00 on September 9. The platform may, at its discretion, convert any remaining tokens to stablecoins for users after September 10. Related perpetual contracts, funding rate arbitrage bots, margin, borrow, mining pools, earn, swap, one-click buy/sell, gift cards, and payments, among other services, will also gradually cease support for the above tokens according to the announcement schedule.
A crypto whale has opened a 40x short position on Bitcoin and a 10x short position on SPCX, with a total position value of $73.76 million.
According to Onchain Lens monitoring, a crypto whale has opened a combined short position valued at $73.76 million: 1002.5 BTC (40x leverage) and 89,695.7 SPCX (10x leverage). BTC’s liquidation price is $62,071.8, and SPCX’s liquidation price is $162.79.
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A whale withdrew 1.6 million TRUMP tokens from Binance.
According to monitoring by Onchain Lens, after a one-month dormancy period, a whale has withdrawn 1.6 million TRUMP tokens from Binance, valued at $2.7 million. The whale now holds 17 million TRUMP tokens, worth $2.88 million.
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Hyperliquid responds to being placed on Singapore’s investor alert list: It does not constitute an enforcement action or a finding of violation.
Hyperliquid has responded on X to its inclusion in the Monetary Authority of Singapore (MAS) Investor Alert List (IAL), stressing that being listed on the IAL does not amount to a ban, enforcement action or determination of violations. The list only identifies entities that could be misconstrued as holding an MAS license or falling under MAS regulation, and currently features several major exchanges and DeFi protocols. Hyperliquid noted that it is a permissionless infrastructure, has never claimed to hold an MAS license or received its authorization, and no changes have occurred to its network. Users remain fully self-custodied, and all transactions are settled transparently on-chain. The platform added that it will continue to cooperate with global regulators and institutions, and support the establishment of a clear, well-designed regulatory framework for on-chain finance.
4 minutes ago
China releases 7 national standards under the "Artificial Intelligence Agent Interconnection" series
The national standards series on Interconnection of Artificial Intelligence Agents has been officially released. The seven standards in this series fully cover core links including overall architecture, identity codes, identity management, agent description, agent discovery, agent interaction, and agent tool calling, systematically establishing a closed-loop standard specification system spanning the entire process: identity identification, capability description, supply-demand discovery, collaborative interaction, and tool calling, effectively filling the standard gap in this field. By unifying architecture and interaction rules, the standards allow enterprises to reuse standard components, reduce custom development, and shorten product time-to-market. They also establish a unified identity authentication and whole-process traceability mechanism, laying a solid institutional foundation for cross-domain trusted and secure interaction. (CCTV News)
4 minutes ago
Michael Saylor: Market volatility will test all capital structures; Strategy will continue to focus on Bitcoin
Strategy founder Michael Saylor said market volatility tests all capital structures, but the company will stay focused on Bitcoin, prudent capital allocation, credit quality, and long-term value creation. He thanked investors for their support, noting that the firm will continue executing its strategy transparently and resolutely. Recently, Strategy’s share price and preferred shares have been under sustained pressure.
4 minutes ago
Billionaire Grant Cardone: Will Continue to Dollar-Cost Average Bitcoin Using Real Estate Cash Flow
US real estate investment firm Cardone Capital CEO Grant Cardone tweeted that he has long advocated combining Bitcoin with physical assets, using cash flow generated from these assets to dollar-cost average into Bitcoin amid its volatility. "We are committed to boosting real estate cash flow and buying more Bitcoin when it drops," he said. Cardone added that Cardone Capital’s Bitcoin hybrid model draws inspiration from treasury firms, but is backed by real assets and actual cash flow, making it the world’s largest real estate-Bitcoin hybrid company, with no institutional investors impacting its value proposition. The firm established its Bitcoin treasury in April last year and has continued to increase its Bitcoin holdings since.
Michael Saylor: Market volatility will test all capital structures; Strategy will continue to focus on Bitcoin
Strategy founder Michael Saylor said market volatility tests all capital structures, but the company will stay focused on Bitcoin, prudent capital allocation, credit quality, and long-term value creation. He thanked investors for their support, noting that the firm will continue executing its strategy transparently and resolutely. Recently, Strategy’s share price and preferred shares have been under sustained pressure.
1 seconds ago
Billionaire Grant Cardone: Will Continue to Dollar-Cost Average Bitcoin Using Real Estate Cash Flow
US real estate investment firm Cardone Capital CEO Grant Cardone tweeted that he has long advocated combining Bitcoin with physical assets, using cash flow generated from these assets to dollar-cost average into Bitcoin amid its volatility. "We are committed to boosting real estate cash flow and buying more Bitcoin when it drops," he said. Cardone added that Cardone Capital’s Bitcoin hybrid model draws inspiration from treasury firms, but is backed by real assets and actual cash flow, making it the world’s largest real estate-Bitcoin hybrid company, with no institutional investors impacting its value proposition. The firm established its Bitcoin treasury in April last year and has continued to increase its Bitcoin holdings since.
1 seconds ago
Billionaire Grant Cardone: Will Continue Regularly Investing in Bitcoin Using Real Estate Cash Flow
US real estate investment firm Cardone Capital CEO Grant Cardone tweeted that he has long advocated combining Bitcoin with physical assets, using cash flow generated from those assets to make dollar-cost averaging investments in Bitcoin amid its volatility. "We are committed to boosting real estate cash flow and buying more Bitcoin when it falls," he stated. Cardone added that Cardone Capital’s Bitcoin hybrid model is inspired by treasury firms, but backed by real assets and actual cash flow, making it the world’s largest real estate-Bitcoin hybrid company, with no institutional investors influencing its value proposition. The firm has built its Bitcoin treasury since April last year and has continued to increase its holdings ever since.
1 seconds ago
WTI and Brent crude oil have continued their downward trajectory, with Brent’s intraday decline widening to 3%.
According to Bitget's market data, Brent crude oil's intraday decline has widened to 3%, currently trading at $72.92 per barrel. WTI crude oil fell $2 intraday, now at $69.33 per barrel, a 2.81% drop.
1 seconds ago
500 million USDT transferred from Tether Treasury to Binance
According to Whale Alert's monitoring, 500 million USDT was transferred from the Tether Treasury to Binance five minutes ago.
1 seconds ago
Oracle drops 6.3% as AI crowded trades unwind, with one whale booking roughly 330% profit from shorting at high levels.
According to Hyperinsight’s monitoring, AI infrastructure stock Oracle (ORCL) gave back gains alongside the sector amid profit-taking, with risk-off sentiment also stoked by PCE inflation data. The stock fell 6.3% in 24 hours, trading at $150.2 as of press time, and has dropped 40% cumulatively from its high earlier this month. On Hyperliquid, total nominal short positions stand at roughly $2.2 million, 2.11 times the size of long positions ($1 million). The average entry price for longs is ~$172.68, while shorts average ~$181.35; the current price has fallen well below the long position cost line. The largest short is wallet address 0x9df2, which opened a 10x-leveraged short position of ~$770,000 at an average entry price of $224.92, generating an unrealized profit of ~$380,000, a 330% return. The nearest long liquidation line is at $146.17, just ~3.2% (about $4.9) away from the current price. - HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as an admin (message sending permission must be enabled), and it will automatically sync on-chain news.
Solmate Infrastructure has lost about 98% of its market value since ARK Invest and Abu Dhabi-based Pulsar Group backed a $300m financing tied to its Solana treasury plan.
Summary
Solmate shares collapsed after its football-to-Solana pivot tied public equity value closely to SOL prices. RockawayX-linked RBCH claims directors diluted shareholders while Solmate says the claims are retaliatory and false. The case lands before Solmate’s AGM where disputed shares may affect board voting power control. The Nasdaq-listed company, formerly Brera Holdings, traded near $4.72 on Friday after its sharp post-pivot selloff.
The company had run a football holding business with stakes across Italy, North Macedonia, Mozambique and Mongolia. It changed course in 2025, raising capital to build a Solana treasury and crypto infrastructure business in the United Arab Emirates.
As previously reported, Solmate launched with $300m to establish a Solana treasury in the UAE with backing from ARK Invest, Pulsar Group, RockawayX and the Solana Foundation.
Solmate Shares Drop Over 98% After $300M Financing and Solana Treasury Pivot
Cathie Wood-backed Solmate has fallen more than 98% since completing a $300 million financing and pivoting to a Solana treasury strategy. Formerly known as Brera Holdings, Solmate announced its… pic.twitter.com/czn5GnosKc
— Wu Blockchain (@WuBlockchain) June 26, 2026 Lawsuit adds pressure before AGM RBCH Ltd., an entity linked to RockawayX founder Viktor Fischer, filed a derivative lawsuit against Solmate’s officers and directors in New York. The complaint accuses the board of breach of fiduciary duty, shareholder oppression and self-dealing. RBCH says it owns more than 10% of Solmate and wants the court to block recently issued shares from being voted.
The lawsuit centers on share deals involving CEO Ron Sade and board member Keren Maimon. RBCH claims they bought about 2.3m new shares at $4.97 each, diluting shareholders by about 20%. It also says the deal came before the board rejected a Forward Industries proposal that valued Solmate at $7.19 per share.
Solmate rejects RockawayX claims Solmate has denied RBCH’s claims and framed the dispute as part of a failed business transaction. The company said it is trying to protect shareholders from what it called “a fraudulent campaign” linked to Fischer and RockawayX. RBCH later said Solmate’s response was “false, misleading, and a retaliatory response” to its lawsuit.
The fight comes ahead of Solmate’s June 26 annual general meeting in Abu Dhabi. RBCH wants shareholders to withhold support from Sade and Maimon. It also wants the court to reverse the disputed share transaction and review advisory and pay arrangements tied to directors. The case also follows leadership changes, including the departure of former CEO Marco Santori.
Football exits and treasury risks Solmate has also reduced its legacy football operations. Its teams in Mozambique and Mongolia were discontinued, while its stake in Italian club Juve Stabia was sold for €1 plus liabilities. The company reported a net loss of about €378,000 in 2025 and completed a one-for-ten reverse stock split in May to meet Nasdaq’s minimum bid price rule.
The company’s Solana strategy has faced the same pressure hitting other listed crypto treasury firms. SOL trades near $68, far below levels seen during the prior market cycle. As crypto.news reported, Solmate raised $11.4m in a premium stock offering in May as it kept building its treasury plan.
Previously, crypto.news explored how the crypto treasury boom split as Solana treasury firms faced losses. In a previous article, crypto.news discussed Forward Industries nearing a $1b Solana paper loss. Solmate now faces both market pressure and a boardroom dispute at the same time.
Key Highlights ARK Invest acquired additional positions in Coinbase, Circle, Robinhood, and Bullish during Thursday’s market downturn The investment firm deployed approximately $5.4 million into these four cryptocurrency-related equities via ARKK, ARKW, and ARKF funds ARK additionally purchased $20.4 million in Cerebras Systems stock while divesting from Alibaba and Roku holdings Cathie Wood forecasts declining inflation, highlighting increasing productivity as a significant deflationary driver ARK continuously adjusts its ETF holdings to maintain individual stock allocations below 10% per fund On Thursday, June 25, Cathie Wood’s ARK Invest executed multiple strategic transactions, accumulating additional positions in four cryptocurrency-exposed companies despite downward price momentum.
The investment firm acquired 9,014 Coinbase shares totaling approximately $1.28 million distributed among its ARKK, ARKW, and ARKF exchange-traded funds. Coinbase shares finished the session 5% lower at $142.52.
Coinbase Global, Inc., COIN
Additionally, ARK secured 9,264 shares of Circle valued at roughly $637,000, alongside 9,136 Bullish shares totaling just under $200,000. Circle’s stock declined 3% to close at $68.81, while Bullish experienced a 6.77% drop, settling at $21.88.
Using its ARKK ETF, the firm accumulated 35,023 Robinhood shares worth approximately $3.27 million. Robinhood stock finished 3.85% down at $93.47.
Strategic Buying During Price Weakness ARK’s acquisition approach aligns with its established portfolio management framework. The firm routinely rebalances its exchange-traded funds when individual holdings fluctuate in value, ensuring no single position exceeds 10% of any fund’s aggregate assets.
When share prices decline, the proportional weight of those holdings decreases within the portfolio. ARK responds by purchasing additional shares to restore them to target allocation levels.
Consequently, Thursday’s weakness in cryptocurrency-related stocks likely initiated these automatic rebalancing transactions.
Major Cerebras Acquisition and Notable Dispositions Beyond cryptocurrency-linked equities, ARK executed its most substantial single transaction of the day in Cerebras Systems, purchasing 111,989 shares valued at slightly above $20.4 million. ARK has been systematically expanding this holding throughout recent trading sessions.
Regarding portfolio reductions, ARK liquidated 176,004 Alibaba shares totaling $17.6 million and 130,666 Roku shares worth $17.8 million. Both dispositions extend ARK’s ongoing pattern of reducing exposure to these companies.
ARK also accumulated 30,528 Palantir shares valued at $3.46 million and an additional 350,023 Robinhood shares worth $3.4 million throughout its broader ETF platform.
Within the biotechnology sector, ARK purchased shares of Recursion Pharmaceuticals and Tempus AI, while completely exiting positions in Twist Bioscience and Absci.
Wood’s Inflation Outlook During a promotional tour spanning Asia and Europe, Cathie Wood shared on X that inflation may “break down in a big way.”
She highlighted unit labor costs, which according to her assessment are currently advancing at merely 0.5% on a year-over-year basis.
Wood attributed accelerating productivity as a critical deflationary element that market participants are currently underappreciating.
She also referenced Federal Reserve candidate Kevin Warsh, expressing her belief that he comprehends both productivity’s impact on reducing inflation and the inadequacies in current government inflation measurement methodologies.
Wood indicated that Warsh would deliver financial markets “a master class in monetary policy” upon confirmation.
Following Thursday’s transactions, all four cryptocurrency-related companies — Coinbase, Circle, Robinhood, and Bullish — continue as active holdings within ARK’s ETF portfolios.
Cathie Wood’s Ark Invest has increased its positions in Coinbase, Circle, Bullish, and Robinhood after all four stocks posted losses in Thursday’s trading session.
Summary
Ark Invest bought more Coinbase, Circle, Bullish, and Robinhood shares after all four stocks closed lower on Thursday. Recent purchases continued Ark’s strategy of adding to crypto related stocks during periods of market weakness. Cathie Wood said falling unit labour costs and stronger productivity could push inflation lower than many investors expect. Ark Invest’s latest daily trading disclosure showed the firm bought 9,014 Coinbase shares across its ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). Based on Coinbase’s Thursday closing price of $142.52, the purchase was worth about $1.28 million.
The investment firm also acquired 9,264 Circle shares valued at approximately $637,455 and 9,136 Bullish shares worth about $199,895. Through ARKK, Ark added another 35,023 Robinhood shares with a market value of roughly $3.27 million.
Coinbase ended Thursday down 5.06%, Circle lost 3.06%, Robinhood fell 3.83%, and Bullish declined 6.77%. Ark increased its exposure as each stock traded lower.
Ark manages its exchange-traded funds with a policy that limits any single holding to no more than 10% of a portfolio. The firm periodically adjusts positions to maintain those weightings when share prices change.
Ark continues buying on weakness The latest purchases extend a pattern of buying stocks after sharp pullbacks.
Last week, Ark bought about $18.4 million worth of Coinbase shares after the crypto exchange’s stock had fallen nearly 13% over the previous month. The same portfolio update included the sale of almost $29 million in Robinhood shares while the brokerage traded near multi-month highs.
Earlier in May, Ark also accumulated more than $4.4 million worth of Bullish shares over two trading sessions after the exchange operator’s stock declined for five consecutive sessions. Bullish had previously reported a first-quarter net loss of $604.9 million while adjusted revenue rose to $92.8 million.
Ark followed the same approach earlier this week when it purchased about $32.5 million worth of SpaceX shares after the stock dropped more than 16% from its post-listing peak. That investment came after the firm had already acquired roughly $444.3 million worth of SpaceX shares on the company’s Nasdaq debut on June 12.
Cathie Wood expects inflation to ease In a thread posted on X, Ark Invest Chief Executive Officer and Co-founder Cathie Wood said investors she met during a roadshow across Asia and Europe remained concerned about inflation, although she argued price pressures could fall much faster than expected.
On a roadshow through Asia and Europe, I am struck by investor fears of inflation. They are surprised when I suggest that inflation could break down in a big way, and not just because of oil prices. As measured by unit labor costs, inflation already is down to 0.5% YoY.
— Cathie Wood (@CathieDWood) June 24, 2026 Wood said unit labour costs had already slowed to 0.5% year over year and identified productivity gains as an important factor behind lower inflation.
She also wrote that former Federal Reserve Governor Kevin Warsh understands the role productivity plays in reducing inflation and criticised government inflation measurements.
“While others are projecting higher rates sooner than was the case a few months ago, I believe that Warsh will give the financial markets a master class in monetary policy.”
500 million USDT transferred from Tether Treasury to Binance
According to Whale Alert's monitoring, 500 million USDT was transferred from the Tether Treasury to Binance five minutes ago.
11 minutes ago
Oracle drops 6.3% as AI crowded trades unwind, with one whale booking roughly 330% profit from shorting at high levels.
According to Hyperinsight’s monitoring, AI infrastructure stock Oracle (ORCL) gave back gains alongside the sector amid profit-taking, with risk-off sentiment also stoked by PCE inflation data. The stock fell 6.3% in 24 hours, trading at $150.2 as of press time, and has dropped 40% cumulatively from its high earlier this month. On Hyperliquid, total nominal short positions stand at roughly $2.2 million, 2.11 times the size of long positions ($1 million). The average entry price for longs is ~$172.68, while shorts average ~$181.35; the current price has fallen well below the long position cost line. The largest short is wallet address 0x9df2, which opened a 10x-leveraged short position of ~$770,000 at an average entry price of $224.92, generating an unrealized profit of ~$380,000, a 330% return. The nearest long liquidation line is at $146.17, just ~3.2% (about $4.9) away from the current price. - HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as an admin (message sending permission must be enabled), and it will automatically sync on-chain news.
11 minutes ago
Elon Musk comments on Apple's price hike: The supply-demand gap caused by AI data centers is truly incredible.
Elon Musk cited Apple CEO Tim Cook’s remark in a post, noting that “the cost surge driven by AI data center construction is unprecedented in any field across his more than 40 years of experience”, and agreed this is the largest price jump he has ever witnessed. In his reply, Musk stressed that current production of memory chips and AI infrastructure is severely insufficient to meet demand, calling for a substantial increase in production capacity to address this supply-demand imbalance.
11 minutes ago
ZHIPU's valuation may struggle to withstand three major headwinds, falling 15% in a single day to lead declines in the HIP-3 market.
According to Hyperinsight monitoring, Zhipu AI (ZHIPU) has been on a downward trend since hitting a peak of around 17 times its IPO price on May 29. It dropped another 15.22% in the past 24 hours, trading at $256.81, leading declines in the Hyperliquid HIP-3 market. On-chain order books are small, with overall positions leaning bullish: the bullish moving average is around $277.4, while the bearish moving average is around $284.3. The latest bullish liquidation line stands at $223.54, about 13% below the current price. This whale opened a long position on June 26, worth $1.02 million at an average price of $268.58, and is now sitting on an unrealized loss of 24%. On the news front, three recent negative factors have converged: on July 8, cornerstone investors will face lock-up expiry, tripling the free float; the company plans to pursue a secondary listing in Shanghai to raise around 15 billion yuan, stoking dilution concerns; valuation support is weak, with adjusted 2025 revenue showing a huge loss of 3.18 billion yuan. Additionally, peer MiniMax has also plunged sharply, further weighing on sector sentiment.
11 minutes ago
Binance: Participation threshold for Cap TGE stands at 225 Alpha points.
According to an official announcement, the participation threshold for Binance Cap (CAP) TGE event has been released. Users must reach 225 Alpha points to participate, and 15 points will be deducted upon joining. The event will run today from 18:00 to 20:00.
11 minutes ago
Lenovo: Memory price hikes are the "new normal", with high DRAM and NAND prices set to persist until after 2030.
Lenovo issued a warning at the ISC 2026 conference today that DRAM and NAND flash prices have entered a structural upward cycle. Even as major manufacturers continue expanding production, prices will hardly fall back to their early 2025 levels, and the price increase will eventually become the "new normal" for 2030 and beyond. During its conference presentation, Lenovo showcased price trend charts for DRAM and NAND products. According to its analysis, although leading memory makers including Samsung, SK Hynix, and Micron are accelerating new capacity expansion, the expansion will not be enough to bridge the supply-demand gap, leading to an expected long-term high price environment. Meanwhile, Micron has publicly stated it cannot meet market demand—including that of strategic clients—with Samsung and SK Hynix issuing similar signals. The tight supply situation will not ease in the short term, and this assessment has far-reaching implications for the entire consumer electronics industry chain. Lenovo warned that high memory costs will trickle down to PCs, gaming consoles, smartphones, and all end products equipped with memory or solid-state drives, meaning consumers will face sustained upward pressure on device prices over the next decade. Based on data Lenovo presented at the ISC 2026 conference, the current rapid surge in memory prices began in late Q3 to early Q4 2025. At that time, DRAM and NAND prices broke away from their previous cyclical fluctuation range and accelerated upward to levels widely unexpected by the market.
The idea of a memecoin supercycle dominated crypto discussions for much of the past two years. Tokens such as PEPE demonstrated how internet culture could generate billions of dollars in market value almost overnight. Communities grew rapidly, trading volumes exploded, and many investors believed meme assets had become a permanent force within digital markets.
However, 2026 has introduced a new reality. While memecoins remain popular, investors are increasingly demanding more than viral narratives alone. This shift is creating a new generation of projects that combine meme culture with artificial intelligence, automation, and utility.
Among the most talked-about examples is MemeToro ($MT), a project attempting to redefine what a memecoin ecosystem can become.
PEPE Helped Define the Memecoin Era PEPE played a major role in shaping the modern memecoin landscape.
The token delivered extraordinary gains during its strongest periods and became one of the most recognizable meme assets in crypto. Its success inspired countless imitators and helped fuel the belief that meme culture could drive long-term market growth.
Yet the market environment today looks very different.
PEPE currently trades well below its historical peak and remains affected by broader weakness across the meme sector. Market sentiment indicators continue showing elevated fear levels, while many investors have become increasingly cautious following several high-profile collapses and liquidity events.
This does not mean PEPE has disappeared.
Rather, it highlights how difficult it has become for meme projects to sustain momentum without expanding beyond speculation.
Why the Memecoin Supercycle Is Changing The original memecoin supercycle was built largely on attention.
Projects succeeded because communities rallied behind a shared identity, narrative, or internet joke. In many cases, utility was secondary to culture.
That formula produced extraordinary gains during bullish conditions, but it also created vulnerabilities.
When market sentiment weakened, many projects struggled to maintain activity because there were few reasons for users to engage beyond trading. As investors became more selective, attention began shifting toward ecosystems capable of generating ongoing participation.
This is where artificial intelligence entered the conversation.
AI-powered systems offer ways to create utility, automate interactions, and help users engage with platforms beyond simple speculation.
As a result, many investors now view AI as a potential evolution of the memecoin sector rather than a separate category altogether.
MemeToro Combines Memes, AI, and SocialFi MemeToro ($MT) is one of the projects attempting to bridge those worlds.
Instead of operating as a standalone meme token, the platform functions as a SocialFi ecosystem where artificial intelligence supports multiple forms of user participation. The goal is to create a system where community activity extends beyond buying and selling assets.
At the center of the ecosystem is the MemeToro AI Agent.
The system continuously analyzes social conversations, cultural developments, online trends, and emerging narratives. These insights help support a wider ecosystem designed around participation and engagement.
This approach reflects a broader shift occurring across crypto markets. Investors increasingly want ecosystems that remain active even when speculation slows.
Exploring the MemeToro Web3 Architecture MemeToro is a decentralized ecosystem built on the BNB Chain that pairs a culture-focused aesthetic with practical DeFi utility and automated token tracking tools. The platform establishes a structured infrastructure for users to engage with modern digital asset trends securely and transparently.
Autonomous Trend Tracking: The protocol integrates a custom AI agent designed to monitor social data and assist in parsing emerging market narratives. Multi-Asset Incentive Pool: Users can earn programmatic platform rewards in both native $MT and $BNB through active product participation. Integrated Prediction Framework: The environment supports dedicated prediction markets alongside traditional staking programs to optimize platform liquidity. Vetted Smart Contract Security: All core operational functions deploy via thoroughly audited smart contracts to maintain strict operational integrity. The native $MT token functions as the core utility instrument powering access to these integrated applications. While the ecosystem provides advanced tracking analytics and verified tokenomics, participants should always conduct independent research before engaging with Web3 launches.
Why Investors Are Watching $MT Closely The MemeToro’s presale momentum has become another reason for growing attention. Stage 2 has surpassed 92% completion and raised more than $72,955 toward its funding target. Once the current round closes, the token price increases from $0.00139 to $0.00154.
MemeToro also uses a fixed supply model. Only 1.2 billion tokens will exist, with 71% allocated directly to presale participants and no vesting restrictions attached. This structure emphasizes community ownership and broad distribution.
For investors interested in the intersection of AI and meme culture, those factors have helped increase visibility.
Conclusion PEPE helped define the memecoin era, but the market is evolving. Investors increasingly want more than community enthusiasm and viral momentum. They are looking for ecosystems capable of creating ongoing activity and engagement.
MemeToro represents one attempt to meet that demand.
By combining AI-powered memecoin creation, decentralized prediction markets, staking rewards, and SocialFi participation, the platform is building a broader ecosystem around meme culture. As the memecoin supercycle continues evolving in 2026, projects that blend utility with community engagement may play an increasingly important role in shaping the next phase of the market.
More Information on MemeToro ($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!
Bullish JTO price prediction for 2026 is $2.272 to $3.293. Jito (JTO) price might reach $10 soon. Bearish JTO price prediction for 2026 is $1.043. In this Jito (JTO) price prediction 2026, 2027-2030, we will analyze the price patterns of JTO by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS
INTRODUCTION
Jito (JTO) Current Market StatusWhat is Jito (JTO)? Jito (JTO) 24H Technicals JITO PRICE PREDICTION 2026
Jito (JTO) Support and Resistance Levels Jito (JTO) Price Prediction 2026 — RVOL, MA, and RSI Jito (JTO) Price Prediction 2026 — ADX, RVIComparison of JITO with BTC, ETH JITO PRICE PREDICTION 2027, 2028-2030CONCLUSIONFAQ Jito (JTO) Current Market Status Current Price $0.6658 24 – Hour Price Change 1.92% Up 24 – Hour Trading Volume $53.97M Market Cap $323.88M Circulating Supply 487.03M JTO All – Time High $5.61 (On Dec 07, 2023) All – Time Low $0.2178 (On Feb 06, 2026) JTO Current Market Status (Source: CoinMarketCap) What is Jito (JTO) TICKERJTOBLOCKCHAINSolanaCATEGORYLiquid Staking & MEVLAUNCHED ONDecember 2023UTILITIESStaking, Liquidity, Governance, MEV Rewards, Yield Jito (JTO) is a liquid staking and MEV-sharing protocol built on Solana. It enhances staking efficiency by allowing users to stake SOL while maintaining liquidity through JitoSOL, a liquid staking derivative. This enables users to earn staking rewards while participating in DeFi without locking up their assets.
Jito also optimizes Solana’s transaction processing by using a sophisticated MEV (Maximal Extractable Value) infrastructure, which allows validators and searchers to share profits from optimized transaction ordering. This improves network efficiency and rewards stakeholders, including JitoSOL holders.
The JTO token governs the Jito DAO, giving holders decision-making power over protocol parameters and treasury management. Since its launch, Jito has gained traction due to its innovative approach to staking and MEV revenue distribution. It plays a crucial role in Solana’s DeFi ecosystem, offering enhanced rewards, decentralization, and network performance.
Jito 24H Technicals Jito (JTO) ranks 97th on CoinMarketCap in terms of its market capitalization. The overview of the Jito price prediction for 2026 is explained below with a daily time frame.
In the above chart, Jito (JTO) laid out a Horizontal channel pattern. The Horizontal channel pattern is also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line that connects the highs, and the lower trendline, the line that connects the lows, run horizontally parallel, and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market, as the buying and selling points are in consolidation.
At the time of analysis, the price of Jito (JTO) was recorded at $0.6658. If the pattern trend continues, then the price of JTO might reach the resistance levels of $2.423 and $3.892. If the trend reverses, then the price of JTO may fall to the support levels of $1.937 and $1.530.
Jito (JTO) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Jito (JTO) in 2026.
JTO/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Jito (JTO) for 2026.
Resistance Level 1$2.272Resistance Level 2$3.293Support Level 1$1.517Support Level 2$1.043 JTO Resistance & Support Levels
Jito (JTO) Price Prediction 2026 — RVOL, MA, and RSI The technical analysis indicators, such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (JTO) are shown in the chart below.
JTO/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Jito (JTO) market in 2026.
INDICATORPURPOSEREADINGINFERENCE50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $1.867Price = $1.993
(50MA < Price)Bullish/UptrendRelative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions58.247
<30 = Oversold
50-70 = Neutral>70 = OverboughtNeutralRelative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak volume Jito (JTO) Price Prediction 2026 — ADX, RVI In the below chart, we analyze the strength and volatility of Jito (JTO) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
JTO/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Jito (JTO).
INDICATORPURPOSEREADINGINFERENCEAverage Directional Index (ADX)Strength of the trend momentum24.392Weak TrendRelative Volatility Index (RVI)Volatility over a specific period53.89
<50 = Low
>50 = HighHigh volatility Comparison of JTO with BTC, ETH Let us now compare the price movements of Jito (JTO) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs JTO Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of JTO is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of JTO also increases or decreases, respectively.
Jito (JTO) Price Prediction 2027, 2028 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Jito (JTO) in 2027, 2028, 2029, and 2030.
Year Bullish Price Bearish PriceJito (JTO) Price Prediction 2027$15$1Jito (JTO) Price Prediction 2028$20$0.9Jito (JTO) Price Prediction 2029$25$0.8Jito (JTO) Price Prediction 2030$30$0.7 Conclusion If Jito (JTO) establishes itself as a good investment in 2026, this year will be favorable to the cryptocurrency. In conclusion, the bullish Jito (JTO) price prediction for 2026 is $3.293. Comparatively, if an unfavorable sentiment is triggered, the bearish Jito (JTO) price prediction for 2026 is $1.043.
If the market momentum and investors’ sentiment positively elevates, then Jito (JTO) might hit $10. Furthermore, with future upgrades and advancements in the Jito ecosystem, JTO might surpass its current all-time high (ATH) of $5.61 and mark its new ATH.
FAQ 1. What is Jito (JTO)? Jito (JTO) is a liquid staking and MEV-sharing protocol built on Solana. It enhances staking efficiency by allowing users to stake SOL while maintaining liquidity through JitoSOL, a liquid staking derivative.
2. Where can you purchase Jito (JTO)? Jito (JTO) has been listed on many crypto exchanges, which include Binance, Bybit, OKX, Coinbase Pro, BTCC, KuCoin, BingX, eToro, FrameEX, and CoinEx.
3. Will Jito (JTO) reach a new ATH soon? With the ongoing developments and upgrades within the Jito Platform, JTO has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Jito (JTO)? On December 07, 2023, Jito (JTO) reached its new all-time high (ATH) of $5.61
5. What is the lowest price of Jito (JTO)? According to CoinMarketCap, JTO hit its all-time low (ATL) of $0.2178 on February 06, 2026.
6. Will Jito (JTO) reach $10? If Jito (JTO) becomes one of the active cryptocurrencies that maintains a bullish trend, it might rally to hit $10 soon.
7. What will be Jito (JTO) price by 2027? Jito (JTO) price is expected to reach $15 by 2027.
8. What will be Jito (JTO) price by 2028? Jito (JTO) price is expected to reach $20 by 2028.
9. What will be Jito (JTO) price by 2029? Jito (JTO) price is expected to reach $25 by 2029.
10. What will be Jito (JTO) price by 2030? Jito (JTO) price is expected to reach $30 by 2030.
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Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
PANews June 26 news, Sei ecosystem DeFi lending platform Oxium announced it will cease operations, reportedly due to prolonged unfavorable market conditions resulting in insufficient revenue, leaving its current operations financially unsustainable. Oxium stated that assets users deposited on the platform remain fully intact and still under their own control, but it hopes users plan ahead and complete withdrawals in an orderly manner. The frontend is scheduled to shut down on August 1, 2026, and users are advised to cancel all outstanding orders, close existing positions, and withdraw assets from the platform.
Citi has raised its Sandisk price target to $2,500 from $2,025, sending SNDK shares up roughly 22% in the last 24 hours. The chipmaker has rallied approximately 4,800% over the past 12 months on AI-driven NAND demand.
The upgrade adds fresh institutional firepower behind one of the most explosive Wall Street stories of 2026.
Why Citi Raised Its Sandisk Price TargetA price target is the level an analyst expects a stock to reach over a defined horizon, typically 12 months. Citi analyst Asiya Merchant lifted her Sandisk target by nearly 24%, signaling roughly 30.6% additional upside while keeping a Buy rating on the chipmaker.
The catalyst came from Micron’s blowout fiscal third quarter. Furthermore, NAND bit shipments rose mid-single digits sequentially, while average selling prices surged in the mid-80% range, confirming the depth of the supply tightness now reshaping the entire memory chip industry.
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Update: SanDisk is spiking after a Citi analyst raises price target from $2,025 to $2,500$SNDK is now up ~780% since Leopold Aschenbrenner disclosed a $12.9M stake
He first disclosed the position in November 2025 at ~$254/share pic.twitter.com/envHzUpQiZ
— Leopold Stock Tracker (@LeopoldTracker_) June 25, 2026 Merchant pointed to a clear structural setup. NAND industry demand is now outpacing supply, with that imbalance expected to persist well beyond 2027. AI workloads, especially in data centers, are driving most of the new demand across enterprise SSDs and adjacent storage products.
Citi also opened a 90-day short-term upside view on Sandisk shares. The bank flagged three near-term catalysts. Industry earnings, the Flash Memory Summit in August, and SanDisk’s investor day during the same month should all further sharpen sentiment across the sector.
Sandisk’s own numbers add weight to the bullish call. The company posted $5.95 billion in revenue last quarter, up 97% sequentially. Moreover, data center revenue alone grew 233% quarter over quarter, while more than one-third of fiscal 2027 bit output is already locked under multi-year contracts.
On the other hand, decentralized exchanges Raydium and Jupiter have added Sandisk to their roster of tokenized stocks. The listing reflects the rising appetite among crypto traders for exposure to the year’s top-performing equities.
What the 4,800% SNDK Rally Tells the MarketSandisk has emerged as the best-performing stock in the entire S&P500 in 2026. Shares are up roughly 727% year-to-date, while the 12-month run from a low near $40 to recent highs above $2,335 marks an extraordinary 4,800% advance.
The rally tracks a structural shift in NAND economics. AI infrastructure spending has rewritten the demand curve. As a result, data center operators now rely heavily on cost-efficient SSDs to offload workloads, such as KV cache, a use case that did not exist in a meaningful way 18 months ago.
The Wall Street chorus has turned overwhelmingly bullish. Veteran trader Stephen “Sarge” Guilfoyle also raised his own Sandisk target to $2,600 from $2,425. Furthermore, the stock currently has a Strong Buy consensus rating on TipRanks, based on 14 Buy ratings and only 2 Hold ratings.
Sandisk Corporation (SNDK) Price Performance – 1 Year. Source: TradingViewRisks remain real despite the conviction. SNDK trades at an elevated trailing P/E of 65 to 76 times earnings. Moreover, the stock recently fell 13.64% in a single session during a broader tech selloff tied to the Korean Kospi crash, showing how exposed the name remains to volatility.
For Citi, the bigger picture still favors the upside thesis. Bit supply growth across the NAND industry is projected at roughly 20% for 2026, while Micron itself expects its own supply growth to come in below that figure.
ENA's Treasury Company StablecoinX to List on Nasdaq Tomorrow, Ticker "USDE"
PANews June 26 news, Ethena posted on X that StablecoinX, the first pure treasury company focused on the Ethena ecosystem, has completed a business combination with TLGY Acquisition Corp and will list on Nasdaq tomorrow under the ticker symbol "USDE".
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Stablecoin infrastructure company StablecoinX has completed its merger with TLGY Acquisition Corp, a publicly traded special purpose acquisition company, allowing it to begin trading on Nasdaq on Friday.
StablecoinX is the first public stablecoin infrastructure company focused on supporting the Ethena ecosystem through decentralized verifier nodes and software infrastructure, and will trade under the symbol “USDE,” according to a statement on Thursday.
“We believe Ethena has emerged as one of the most important platforms powering the next generation of digital dollars,” said Edward Chen, CEO and Chairman of StablecoinX.
The Nasdaq debut is a big bet that stablecoins are becoming the plumbing of global finance, and comes despite a broader crypto bear market and Ethena’s relatively small 1.4% market share of the stablecoin market compared with those offered by its competitors, such as Tether and Circle.
Ethena’s USDe is a yield-bearing synthetic dollar-pegged stablecoin. Unlike USDt (USDT) or USDC (USDC), which are backed by actual dollars, USDe (USDE) maintains its $1 peg through a derivatives strategy.
It is backed by crypto collateral in Bitcoin and Ether and short futures positions on those same assets, enabling the long and short positions to cancel out the price volatility, helping to keep its value at approximately $1.
Ethena’s delta-neutral strategy works well in normal markets but is vulnerable during periods when futures funding rates go negative.
USDe supply fallsWhile stablecoin circulation has grown in recent years, USDe market capitalization has declined by 70% since its peak in October to around $4.5 billion today, ranking it sixth among stablecoins.
USDe supply has fallen since the bull market peak. Source: CoinGecko
StablecoinX’s treasury also holds approximately 3 billion Ethena governance tokens (ENA), or around 20% of the total supply, valued at approximately $275 million. The company announced a $360 million capital raise to purchase ENA on Sunday.
However, the asset is currently trading at $0.08, down 94% from its April 2024 all-time high.
The company has three business lines: a decentralized verifier node (DVN) serving as a cross-chain message verifier for the Ethena ecosystem, a middleware software stack called “Stablecoin Harness” and distribution services, which are currently in development.
The company says the three businesses reinforce one another, though the broader crypto bear market presents a challenging backdrop for its Nasdaq debut.
Crypto SPACs and crypto treasuries have had a tough time this year as the broader market has tanked 52%, with $2.3 trillion leaving the space since October and crypto falling out of favor among investors.
Pre-merger TLGY fell 6.93% on Thursday on OTC markets to end the day trading at $9.40, according to Google Finance data.
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Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Stablecoin infrastructure company StablecoinX has completed its merger with TLGY Acquisition Corp, a publicly traded special purpose acquisition company, allowing it to begin trading on Nasdaq on Friday.
StablecoinX is the first public stablecoin infrastructure company focused on supporting the Ethena ecosystem through decentralized verifier nodes and software infrastructure, and will trade under the symbol “USDE,” according to a statement on Thursday.
“We believe Ethena has emerged as one of the most important platforms powering the next generation of digital dollars,” said Edward Chen, CEO and Chairman of StablecoinX.
The Nasdaq debut is a big bet that stablecoins are becoming the plumbing of global finance, and comes despite a broader crypto bear market and Ethena’s relatively small 1.4% market share of the stablecoin market compared with those offered by its competitors, such as Tether and Circle.
Ethena’s USDe is a yield-bearing synthetic dollar-pegged stablecoin. Unlike USDt (USDT) or USDC (USDC), which are backed by actual dollars, USDe (USDE) maintains its $1 peg through a derivatives strategy.
It is backed by crypto collateral in Bitcoin and Ether and short futures positions on those same assets, enabling the long and short positions to cancel out the price volatility, helping to keep its value at approximately $1.
Ethena’s delta-neutral strategy works well in normal markets but is vulnerable during periods when futures funding rates go negative.
USDe supply fallsWhile stablecoin circulation has grown in recent years, USDe market capitalization has declined by 70% since its peak in October to around $4.5 billion today, ranking it sixth among stablecoins.
USDe supply has fallen since the bull market peak. Source: CoinGecko
StablecoinX’s treasury also holds approximately 3 billion Ethena governance tokens (ENA), or around 20% of the total supply, valued at approximately $275 million. The company announced a $360 million capital raise to purchase ENA on Sunday.
However, the asset is currently trading at $0.08, down 94% from its April 2024 all-time high.
The company has three business lines: a decentralized verifier node (DVN) serving as a cross-chain message verifier for the Ethena ecosystem, a middleware software stack called “Stablecoin Harness” and distribution services, which are currently in development.
The company says the three businesses reinforce one another, though the broader crypto bear market presents a challenging backdrop for its Nasdaq debut.
Crypto SPACs and crypto treasuries have had a tough time this year as the broader market has tanked 52%, with $2.3 trillion leaving the space since October and crypto falling out of favor among investors.
Pre-merger TLGY fell 6.93% on Thursday on OTC markets to end the day trading at $9.40, according to Google Finance data.
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Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
A company built entirely around supporting Ethena’s synthetic dollar ecosystem is now trading on the Nasdaq. StablecoinX Inc. completed its merger with SPAC TLGY Acquisition Corp. on June 25, making its Class A common stock and warrants available under the tickers USDE and USDEW as of June 26.
USDe’s circulating supply has fallen roughly 60% from its peak above $14 billion in October 2025 to approximately $5.92 billion by March 2026. StablecoinX is essentially going public at the moment when the asset it’s built to support has seen its most dramatic contraction.
What StablecoinX actually does StablecoinX bills itself as the first publicly listed stablecoin infrastructure firm. It’s a company designed to sit between traditional capital markets and the Ethena protocol, providing distribution channels for USDe, building infrastructure software, and executing a treasury strategy centered on accumulating ENA, Ethena’s governance token.
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The company secured around $890 million in PIPE (private investment in public equity) financing, a significant chunk of which is earmarked for purchasing ENA tokens. The Ethena Foundation itself contributed $60 million in ENA to support this treasury approach.
The USDe supply problem USDe peaked above $14 billion in circulating supply during the October 2025 bull market. By March 2026, that figure had dropped to roughly $5.92 billion. The culprit was broad market deleveraging, the kind of risk-off environment that tends to hit synthetic assets harder than their fiat-backed counterparts.
Why traditional investors should pay attention StablecoinX’s Nasdaq listing creates something that didn’t previously exist: a way for traditional investors to get exposure to DeFi infrastructure through a regulated equity product. No wallets, no bridges, no liquidity pools. Just a stock ticker.
The $890 million PIPE raise is notable in its own right. That level of financing for a crypto-adjacent SPAC merger signals that a substantial group of institutional investors is willing to bet on this model. PIPE deals involve sophisticated investors committing capital at negotiated terms, so this isn’t retail enthusiasm.
The risk profile, however, is unusual for a public equity. StablecoinX’s treasury strategy means its balance sheet will be heavily concentrated in ENA tokens. If ENA’s price declines significantly, the company’s net asset value takes a direct hit. Investors buying USDE shares are effectively getting leveraged exposure to ENA’s performance, layered on top of the company’s operational revenue from infrastructure services and USDe distribution.
Investors watching this space should track two metrics closely: USDe’s circulating supply trajectory and ENA’s price relative to StablecoinX’s cost basis. The first tells you whether the company’s distribution mission is working. The second tells you whether its treasury strategy is paying off.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
StablecoinX has completed its merger with TLGY Acquisition Corp., giving the Ethena-focused stablecoin infrastructure firm a Nasdaq listing under the ticker USDE.
Summary
StablecoinX reaches Nasdaq as USDe supply sits far below its October peak, testing investor demand. The firm holds about $275m in ENA, linking its public-market story directly to Ethena’s token. Three planned business lines aim to serve Ethena infrastructure, software access and institutional distribution needs. The company said its public warrants will trade under USDEW from Friday, June 26, after the business combination closed a day earlier. The move turns a private Ethena infrastructure bet into a listed equity trade for public investors this week.
The listing gives public-market investors a direct route into StablecoinX’s Ethena strategy.
“We believe Ethena has emerged as one of the most important platforms powering the next generation of digital dollars,” said CEO and chairman Edward Chen.
The company now enters public markets while demand for Ethena’s main synthetic dollar has cooled from last year’s peak.
StablecoinX, the first pure-play treasury company focusing on the Ethena ecosystem, has announced the closing of its business combination with TLGY Acqusition Corp and it will begin trading on NASDAQ tomorrow under the ticker "USDE". https://t.co/5QE2odIQks
— Ethena (@ethena) June 25, 2026 ENA treasury anchors the plan StablecoinX said it holds about 3.029b Ethena governance tokens, worth about $275m based on the 30-day ENA average used before closing. The holding represents about 20% of ENA’s total supply. The company also has about 24m publicly traded Class A shares outstanding after the transaction.
As previously reported, StablecoinX first outlined a $360m ENA treasury strategy in 2025. The plan later grew through more private financing, making ENA exposure central to the company’s story. That structure ties StablecoinX’s market value closely to Ethena adoption, ENA pricing and demand for USDe-related services.
StablecoinX Inc. @stablecoin_x has announced a $360 million capital raise to purchase $ENA and will seek to list its Class A common shares on the Nasdaq Global Market under the ticker symbol "USDE", which includes a $60 million contribution of ENA from the Ethena Foundation… pic.twitter.com/sgfD8P9m05
— Ethena (@ethena) July 21, 2025 USDe supply drop tests timing USDe is Ethena’s synthetic dollar. It aims to hold a $1 value through crypto collateral and hedged futures positions, rather than cash reserves alone. The model can generate yield, but it depends on market conditions. When futures funding rates weaken or turn negative, the return engine can face pressure.
That pressure is visible in supply data. USDe circulating supply has fallen about 70% from its October peak above $14b to roughly $4.5b. Previously, crypto.news explored how USDe saw $1.1b in net outflows as the broader stablecoin market kept growing. The fall gives StablecoinX a tougher opening setup than the one Ethena had during last year’s expansion.
Infrastructure and regulation remain in focus StablecoinX says its business has three parts. Its live decentralized verifier node checks cross-chain messages for Ethena across supported networks. It is also building Stablecoin Harness, a middleware stack for payment routing, bridging, liquidity access, treasury tools, reporting and compliance needs. Distribution services for institutions are also in development.
In a previous article, crypto.news discussed Coinbase Ventures buying ENA on the open market as Coinbase and Ethena prepared on-chain finance and savings products. As crypto.news reported, Jupiter Lend also added a USDe lending market with Bitwise. These links show Ethena is still building distribution, even as USDe supply has dropped.
StablecoinX’s debut also lands during a wider policy fight over stablecoin yield in the U.S. Yield-bearing stablecoins sit in a different legal area from plain payment stablecoins because they pass returns to holders. In our last update, crypto.news examined how yield-bearing stablecoins work and why the source of yield matters.
The company is entering Nasdaq with a clear Ethena bet, a large ENA reserve and several products still being built. Its early public trading may show whether investors want exposure to stablecoin infrastructure when USDe supply is lower, ENA remains far below its 2024 high and crypto market appetite remains weak.
Shareholders Approved Three Moves At The Annual MeetingThe board authorized the reverse split following shareholder approval, with the change set to take effect as soon as practicable.
The move reduces outstanding shares while leaving authorized shares unchanged, a standard tactic companies use to boost per-share price without altering total shareholder value.
Shareholders also elected Asher Genoot to the board as a Class I director for a term running through 2029 and reappointed KPMG LLP as the company’s independent auditor.
Separately, directors Justin Mateen, Richard Busch, and Michael Broukhim converted their restricted stock units into ABTC shares on a 1-for-1 basis.
Despite the corporate actions, ABTC shares kept falling, down about 17% over the past week and roughly 60% year-to-date.
American Bitcoin, backed by Eric Trump and Donald Trump Jr., holds more than 7,500 Bitcoin (CRYPTO: BTC) and ranks 16th among publicly traded corporate Bitcoin holders.
Senators Are Already Investigating The Trump Family’s Other Crypto BetThe timing puts American Bitcoin’s news directly behind Tuesday’s Senate Democrat letter demanding hearings into World Liberty Financial.
Five senators, including Elizabeth Warren (D-Mass.) and Richard Blumenthal (D-CT), want testimony on a $500 million deal in which associates of Abu Dhabi royal Sheikh Tahnoon bin Zayed Al Nahyan acquired a 49% stake in WLFI just before Trump’s inauguration.
That investigation has already widened to include a $1.4 billion arms sale to the UAE, a fast-tracked CFIUS review process, and a billion-dollar Nvidia chip deal for Emirati AI firm G42, which intelligence officials later linked to China’s missile programs.
The same UAE ties are now the central obstacle blocking the CLARITY Act, after a Senate Banking Committee ethics amendment failed on procedural grounds.
ABTC Sits Deep In Oversold Territory With No Confirmed Bottom YetABTC trades roughly 20% below its 20-day moving average and 73% below its 200-day average, with the stock locked in a clear downtrend across every major timeframe.
RSI sits at 27.66, putting the stock firmly in oversold territory.
Key resistance sits at 88 cents, aligning with the 20-day moving average as the first test for any rebound. Support sits at 73 cents, the 52-week low zone where buyers have recently shown up to slow the decline.
Image: Shutterstock
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Your AI agent can now buy Apple stock without ever touching a brokerage account. Virtuals Protocol has enabled its autonomous AI agents to trade tokenized versions of real US equities, including Apple and Tesla, directly on-chain through platforms like Uniswap and xStocks.
How tokenized stock trading actually works here Think of tokenized stocks as digital twins of real equities. Each token represents direct exposure to an underlying stock like AAPL or TSLA, but it lives on a blockchain instead of sitting in a Schwab account. Standards like xStocks make this possible by creating blockchain-native representations of traditional securities.
Uniswap introduced a dedicated trading category for tokenized stocks on June 12, 2026, listing major equities including Apple and Tesla. That infrastructure is what Virtuals Protocol’s AI agents can now tap into.
In English: an AI agent built on Virtuals can autonomously decide to buy tokenized Apple shares on Uniswap the same way a human trader would swap ETH for a stablecoin. No broker, no market hours, no phone calls to Fidelity.
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The agents can also theoretically engage in trading through other platforms like Hyperliquid, expanding the range of venues and strategies available to them. The protocol’s framework is designed around creating what it calls a “productive society of AI agents” that operate autonomously in economic contexts.
The Virtuals Protocol ecosystem Virtuals Protocol has built its platform around the tokenization and co-ownership of autonomous AI agents. The model lets multiple users collectively own an AI agent that generates revenue through on-chain commerce, essentially turning AI trading bots into shared economic assets.
The protocol runs on its governance and utility token, $VIRTUAL, which powers the broader ecosystem. That token has seen significant price volatility, including surges of over 250% during earlier periods when AI-related narratives were driving speculative interest across crypto markets.
The co-ownership model is worth pausing on. Rather than building your own AI trading bot, which requires technical expertise and capital, you can buy into an existing agent through tokenized ownership. If that agent trades tokenized Apple stock profitably, the returns flow back to token holders.
What this means for investors There are real risks to weigh. Tokenized equities exist in a regulatory gray zone in many jurisdictions. The SEC has not provided definitive clarity on how tokenized versions of registered securities should be treated, and enforcement actions remain a possibility. Any AI agent trading these instruments inherits that regulatory uncertainty.
There’s also the smart contract risk inherent in any DeFi activity. An AI agent that autonomously moves capital through multiple protocols is only as secure as the weakest link in that chain. A vulnerability in a tokenization standard, a DEX, or the agent’s own logic could result in losses that happen faster than any human could intervene.
For investors watching this space, the key metric to track isn’t the price of $VIRTUAL. It’s the actual trading volume flowing through these AI agents on tokenized equity markets.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Binance Alpha will today launch the exclusive Token Generation Event (TGE) for CAP (CAP)
According to official announcements, Binance Alpha will launch the exclusive Token Generation Event (TGE) for CAP (CAP), with the subscription period running from 18:00 to 20:00 (UTC+8) on June 26, 2026. Eligible users must participate using Alpha Points.
10 minutes ago
Serenity: High-beta stocks typically fall first during broad market corrections, but also recover earlier.
Serenity issued a statement noting that global financial markets are currently undergoing a broad correction, with no clear end in sight. Major Asian stock indices are under broad pressure: South Korea’s KOSPI fell 8.18%, Japan’s Nikkei 225 dropped 4.8%, and Taiwan’s Weighted Index declined 3.82%. Meanwhile, high-growth stocks that had previously posted strong gains have also suffered severe losses, with individual names like SOI and RKLB logging cumulative declines of 30% to 40% recently. Per historical market patterns, high-beta stocks typically enter a correction phase ahead of the broader market and tend to see steeper drops, but they also often lead the rebound once the market stabilizes. Excluding South Korea’s inherently highly volatile market, a single-day decline of 3% to 4% in major indices usually signals a rapid cooling of market risk appetite, making the short-term market environment quite challenging.
10 minutes ago
Jiang Zhuoer: "AI bubble may burst once incremental funds dry up"
Jiang Zhuoer, founder of BTC.TOP (formerly LTC Pool), posted that liquidity in the US stock market is no longer sustainable. Just as the Bitcoin bull market ends when new inflows fail to support price rallies, the AI bubble will burst when new capital can’t sustain stock price gains. Initially, tech stocks rallied broadly, then only AI-related stocks advanced, and now only storage stocks are still rising—even AI leader Nvidia has started to decline.
10 minutes ago
Yesterday, U.S. spot Bitcoin ETFs recorded a net outflow of $691.7 million, while U.S. spot Ethereum ETFs posted a net outflow of $81.9 million.
According to Farside's monitoring data, U.S. spot Bitcoin ETFs posted a net outflow of $691.7 million yesterday, while Ethereum ETFs saw a net outflow of $81.9 million.
Multicoin Capital has set a $319 price target for Hyperliquid’s HYPE token by 2028, arguing that the decentralized exchange is evolving into a unified platform for trading crypto and traditional assets.
The target represents roughly five times HYPE’s current price near $63. Multicoin’s base case assumes Hyperliquid will generate about $8 billion in annual earnings by 2028 and trade at a 20 times earnings multiple.
The investment firm said it began accumulating HYPE in February and has made the token one of the largest positions in its liquid fund. Multicoin also adopted a three day no trade policy following publication of the report.
Hyperliquid gains ground on centralized exchanges Multicoin pointed to Hyperliquid’s rapid growth in 2025 as the foundation for its valuation.
The platform generated approximately $873 million in revenue from $2.9 trillion in trading volume. Its user base grew from about 301,000 to 923,000, while open interest increased from $2 billion to $6 billion.
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Hyperliquid now controls more than 59% of open interest across decentralized perpetual futures markets. Its current open interest of approximately $9.6 billion exceeds that of its major onchain competitors combined.
The exchange is also taking share from centralized platforms. Hyperliquid’s monthly perpetual futures volume has reached approximately 17% of Binance’s, while its open interest is equivalent to about 21% of Binance’s.
Multicoin compared Hyperliquid’s growth with Binance’s early trajectory, arguing that the market may be underestimating how quickly liquidity and trading activity can compound around a dominant exchange.
Expansion beyond crypto supports the target HIP-3 is central to Multicoin’s growth thesis. The upgrade allows outside teams to launch perpetual markets for assets including stocks, commodities and equity indexes.
Open interest linked to real world assets has already exceeded $2.9 billion. An officially licensed S&P 500 perpetual contract also generated more than $100 million in daily volume during its first week.
Multicoin expects options, prediction markets, portfolio margining and further integration with HyperEVM applications to expand the platform’s addressable market.
The firm believes these products could turn Hyperliquid into what it calls the “everything exchange,” offering continuous markets across several asset classes.
HYPE buybacks strengthen value capture Approximately 99% of Hyperliquid’s protocol revenue is used to repurchase HYPE, with the acquired tokens effectively removed from circulation.
Hyperliquid also has no separate equity layer and has never raised outside capital. Multicoin argues that this allows the protocol’s economic success to accrue directly to HYPE holders.
The report estimates that Hyperliquid generated approximately $869 million in trailing earnings for token holders. At around $63, HYPE trades at roughly 36 times trailing earnings, or about 30 times after including revenue from its Coinbase and USDC agreement.
Multicoin identified decentralization, regulation, governance, competition and bad debt as key risks. Despite those concerns, the firm expects Hyperliquid’s market share gains, product expansion and token buybacks to support a HYPE price of $319 by 2028.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
PANews June 26 news, according to The Block, Multicoin released a report saying that Hyperliquid is evolving from a decentralized perpetual contract exchange to an "all-in-one exchange," and its native token HYPE, currently priced around $63, is severely undervalued by the market. Multicoin gave a base case HYPE target price of $319 for 2028, expecting Hyperliquid's annual revenue to be about $8 billion by then, based on a 20x price-to-earnings ratio. Multicoin disclosed it has been actively buying HYPE since February, and it is now one of the largest positions in its liquid hedge fund.
The report noted that HYPE recently rose above $76 due to factors such as inflows into newly listed ETFs, strong revenue, and buyback programs, then fell back to $62.47 amid the market pullback. In 2025, Hyperliquid's user base grew from about 300,000 to 923,000, open interest increased from $2 billion to $6 billion, annual revenue reached about $873 million, and it processed $2.9 trillion in trading volume. Multicoin pointed out that its target price has not yet fully priced in catalysts such as HIP-4 and HyperEVM. Hyperion DeFi CEO Hyunsu Jung compared Hyperliquid's fully diluted valuation (once close to $75 billion) with the stock market capitalizations of exchanges like CME, Interactive Brokers, and Robinhood, arguing that Hyperliquid is transcending its positioning as a mere perpetual contract exchange.
Multicoin Capital has projected that Hyperliquid’s HYPE token could reach $319 by 2028 despite identifying several structural and market risks that could threaten its long-term outlook.
Summary
Multicoin Capital has forecast a $319 HYPE price by 2028, citing Hyperliquid’s earnings growth and expanding market share. The firm pointed to HIP-3, token buybacks, and rising perpetual futures activity as key drivers behind its bullish outlook. Despite the optimistic target, Multicoin warned that regulation, competition, governance risks, and a bearish double-top pattern could pressure HYPE. According to a new report from Multicoin Capital, the investment firm expects Hyperliquid (HYPE) to appreciate roughly fivefold from its current price near $64, based on a base-case scenario in which Hyperliquid generates about $8 billion in annual earnings by 2028 and trades at a 20-times earnings multiple.
Multicoin also disclosed that it began accumulating HYPE in February, making it one of the largest positions in its liquid fund, while adopting a three-day no-trade policy after publishing the report.
Why Multicoin believes Hyperliquid can justify a higher valuation Much of the firm’s conviction comes from Hyperliquid’s rapid expansion during 2025. According to Multicoin, the decentralized exchange generated about $873 million in revenue from roughly $2.9 trillion in trading volume while growing its user base from around 301,000 to 923,000. During the same period, open interest climbed from approximately $2 billion to $6 billion.
Current market data cited in the report show Hyperliquid now accounts for more than 59% of decentralized perpetual futures open interest. Its outstanding open interest has also reached about $9.6 billion, exceeding that of its largest on-chain rivals combined.
Beyond decentralized markets, Multicoin argued that Hyperliquid has continued narrowing the gap with centralized exchanges. Monthly perpetual futures trading volume has reached roughly 17% of Binance’s level, while open interest stands at about 21% of Binance’s, figures the firm compared with Binance’s own early growth trajectory.
Another pillar of the investment case is HIP-3, an upgrade that allows third-party teams to launch perpetual markets tied to assets such as stocks, commodities, and equity indexes.
According to Multicoin, open interest linked to real-world assets has already surpassed $2.9 billion, while an officially licensed S&P 500 perpetual contract generated more than $100 million in average daily trading volume during its first week.
The report also expects options trading, prediction markets, portfolio margining, and deeper integration with HyperEVM applications to expand Hyperliquid’s revenue opportunities over the coming years. Multicoin argued these additions could help transform the platform into what it described as an “everything exchange” offering around-the-clock access to multiple asset classes.
What risks could prevent the $319 forecast Even with its optimistic valuation, Multicoin acknowledged that several factors could derail its forecast. The report identified decentralization challenges, regulatory uncertainty, governance issues, increasing competition, and potential bad debt as the primary risks facing the protocol.
Value capture remains another reason behind the firm’s bullish outlook. According to the report, approximately 99% of Hyperliquid’s protocol revenue is used to repurchase HYPE, with those tokens effectively removed from circulation. Multicoin also noted that Hyperliquid has never raised outside capital and operates without a separate equity layer, allowing the protocol’s economics to accrue directly to token holders.
The report estimates Hyperliquid has generated about $869 million in trailing earnings for HYPE holders. Based on a token price near $63, Multicoin calculated that HYPE trades at roughly 36 times trailing earnings, or about 30 times after accounting for revenue associated with Hyperliquid’s Coinbase and USDC agreement.
Meanwhile, technical charts present a more cautious picture than the firm’s long-term forecast. On the four-hour timeframe, HYPE is forming a bearish double-top pattern, with a neckline near the $52.7 support level.
Hyperliquid price is appearing to form a bearish double top pattern on the 4-hour chart — June 26 | Source: crypto.news If sellers push the token below that support and confirm the pattern, the measured downside target points toward the $28.5 area, suggesting traders may continue watching technical risks alongside Multicoin’s longer-term fundamental outlook.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
PANews June 26 news, according to on-chain analyst Ember monitoring, the "largest long on Hyperliquid" continues to increase positions, already holding $445 million in long positions (120,000 ETH + 2,500 BTC), with an unrealized loss of $110 million.
After BTC fell to $59,000 last night, they used 3 wallets to open a long position of 500 BTC ($30 million) at $59,261. The average opening price for ETH longs is $2,261, and the average opening price for BTC longs is $69,560.
AI Agent infrastructure layer firm Orthogonal secures $4.3 million in funding, led by Pantera Capital.
According to official announcements, agent infrastructure project Orthogonal has secured $4.3 million in funding, led by Pantera Capital, with participation from Y Combinator, Pioneer Fund, Decasonic, Blast Club, Outbound Capital, Rice Capital, Surreal by Premise, and Batch Ventures (CTO Fund). Orthogonal is dedicated to providing a unified access layer for AI agents, enabling them to discover, orchestrate and pay for required services on demand, so that they can complete tasks including booking, research, data processing and transactions even when existing tools are unavailable. The project aims to become the default entry point for agents to acquire new capabilities.
4 minutes ago
Binance Alpha will today launch the exclusive Token Generation Event (TGE) for CAP (CAP)
According to official announcements, Binance Alpha will launch the exclusive Token Generation Event (TGE) for CAP (CAP), with the subscription period running from 18:00 to 20:00 (UTC+8) on June 26, 2026. Eligible users must participate using Alpha Points.
4 minutes ago
Serenity: High-beta stocks typically fall first during broad market corrections, but also recover earlier.
Serenity issued a statement noting that global financial markets are currently undergoing a broad correction, with no clear end in sight. Major Asian stock indices are under broad pressure: South Korea’s KOSPI fell 8.18%, Japan’s Nikkei 225 dropped 4.8%, and Taiwan’s Weighted Index declined 3.82%. Meanwhile, high-growth stocks that had previously posted strong gains have also suffered severe losses, with individual names like SOI and RKLB logging cumulative declines of 30% to 40% recently. Per historical market patterns, high-beta stocks typically enter a correction phase ahead of the broader market and tend to see steeper drops, but they also often lead the rebound once the market stabilizes. Excluding South Korea’s inherently highly volatile market, a single-day decline of 3% to 4% in major indices usually signals a rapid cooling of market risk appetite, making the short-term market environment quite challenging.
4 minutes ago
SpaceX plans to roll out Starlink mobile services to the U.S. mass consumer market.
According to a report by the UK’s Financial Times, Elon Musk’s SpaceX plans to roll out Starlink mobile services to the U.S. mass consumer market.
4 minutes ago
Jiang Zhuoer: "AI bubble may burst once incremental funds dry up"
Jiang Zhuoer, founder of BTC.TOP (formerly LTC Pool), posted that liquidity in the US stock market is no longer sustainable. Just as the Bitcoin bull market ends when new inflows fail to support price rallies, the AI bubble will burst when new capital can’t sustain stock price gains. Initially, tech stocks rallied broadly, then only AI-related stocks advanced, and now only storage stocks are still rising—even AI leader Nvidia has started to decline.
AI Agent infrastructure layer firm Orthogonal secures $4.3 million in funding, led by Pantera Capital.
According to official announcements, agent infrastructure project Orthogonal has secured $4.3 million in funding, led by Pantera Capital, with participation from Y Combinator, Pioneer Fund, Decasonic, Blast Club, Outbound Capital, Rice Capital, Surreal by Premise, and Batch Ventures (CTO Fund). Orthogonal is dedicated to providing a unified access layer for AI agents, enabling them to discover, orchestrate and pay for required services on demand, so that they can complete tasks including booking, research, data processing and transactions even when existing tools are unavailable. The project aims to become the default entry point for agents to acquire new capabilities.
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Binance Alpha will today launch the exclusive Token Generation Event (TGE) for CAP (CAP)
According to official announcements, Binance Alpha will launch the exclusive Token Generation Event (TGE) for CAP (CAP), with the subscription period running from 18:00 to 20:00 (UTC+8) on June 26, 2026. Eligible users must participate using Alpha Points.
4 minutes ago
Serenity: High-beta stocks typically fall first during broad market corrections, but also recover earlier.
Serenity issued a statement noting that global financial markets are currently undergoing a broad correction, with no clear end in sight. Major Asian stock indices are under broad pressure: South Korea’s KOSPI fell 8.18%, Japan’s Nikkei 225 dropped 4.8%, and Taiwan’s Weighted Index declined 3.82%. Meanwhile, high-growth stocks that had previously posted strong gains have also suffered severe losses, with individual names like SOI and RKLB logging cumulative declines of 30% to 40% recently. Per historical market patterns, high-beta stocks typically enter a correction phase ahead of the broader market and tend to see steeper drops, but they also often lead the rebound once the market stabilizes. Excluding South Korea’s inherently highly volatile market, a single-day decline of 3% to 4% in major indices usually signals a rapid cooling of market risk appetite, making the short-term market environment quite challenging.
4 minutes ago
SpaceX plans to roll out Starlink mobile services to the U.S. mass consumer market.
According to a report by the UK’s Financial Times, Elon Musk’s SpaceX plans to roll out Starlink mobile services to the U.S. mass consumer market.
4 minutes ago
Jiang Zhuoer: "AI bubble may burst once incremental funds dry up"
Jiang Zhuoer, founder of BTC.TOP (formerly LTC Pool), posted that liquidity in the US stock market is no longer sustainable. Just as the Bitcoin bull market ends when new inflows fail to support price rallies, the AI bubble will burst when new capital can’t sustain stock price gains. Initially, tech stocks rallied broadly, then only AI-related stocks advanced, and now only storage stocks are still rising—even AI leader Nvidia has started to decline.
Hyperliquid [HYPE] has been consolidating on an ascending triangle pattern since its debut on Coinbase back on the 5th of February.
The token managed to break out back on the 20th of May and rallied explosively to $75 before retracing and bouncing off explosively from the triangle support at $53. As a result, it left behind a market imbalance between $57 and $63.
As of this writing, HYPE was testing the imbalance zone after an aggressive correction. This occurred since it swept the liquidity at the $75 resistance level. The token is now building some bullish momentum, with the next target in line being the $77 resistance zone.
Source: TradingView Why are traders watching $77? The Hyperliquid network’s trading activity is notably aligning with HYPE’s bullish technical structure.
Trading volume has made a significant surge over the last four days, highlighting that investors were taking on more long positions to capitalize on the projected surge back to the point of liquidity at $77.
Source: Santiment Liquidity cluster at $77 affirms it as a key target Zooming down to HYPE’s liquidation heatmap data, several significant liquidity clusters summing to $10 million rest at around $77 resistance. These clusters support the price level as a crucial point of reference for a bullish outlook.
In most cases, the liquidity clusters act as price action magnets upon which prices oscillate around. For HYPE, the same scenario could come into play.
Buyers and investors have already started accumulating more positions to target the unmitigated liquidation resting at the resistance level as depicted by the surging trading volume.
Source: CoinGlass Will HYPE’s bullish structure hold? All technical indicators are aligning to HYPE’s bullish bias.
HYPE is trading above key Exponential Moving Averages (EMAs), increasing the likelihood of a potential bullish run continuation.
At the same time, the token’s stochastic RSI is just bouncing off from an oversold region. This action affirms the current imbalance zone as a key turning point for a potential price reversal.
Final Summary HYPE is rebounding from a key market imbalance after defending ascending triangle support, keeping the broader bullish structure intact. Rising trading volume and a $10 million liquidity cluster near $77 are drawing traders’ attention to the next potential resistance zone.
AI Agent infrastructure layer firm Orthogonal secures $4.3 million in funding, led by Pantera Capital.
According to official announcements, agent infrastructure project Orthogonal has secured $4.3 million in funding, led by Pantera Capital, with participation from Y Combinator, Pioneer Fund, Decasonic, Blast Club, Outbound Capital, Rice Capital, Surreal by Premise, and Batch Ventures (CTO Fund). Orthogonal is dedicated to providing a unified access layer for AI agents, enabling them to discover, orchestrate and pay for required services on demand, so that they can complete tasks including booking, research, data processing and transactions even when existing tools are unavailable. The project aims to become the default entry point for agents to acquire new capabilities.
4 minutes ago
Binance Alpha will today launch the exclusive Token Generation Event (TGE) for CAP (CAP)
According to official announcements, Binance Alpha will launch the exclusive Token Generation Event (TGE) for CAP (CAP), with the subscription period running from 18:00 to 20:00 (UTC+8) on June 26, 2026. Eligible users must participate using Alpha Points.
4 minutes ago
Serenity: High-beta stocks typically fall first during broad market corrections, but also recover earlier.
Serenity issued a statement noting that global financial markets are currently undergoing a broad correction, with no clear end in sight. Major Asian stock indices are under broad pressure: South Korea’s KOSPI fell 8.18%, Japan’s Nikkei 225 dropped 4.8%, and Taiwan’s Weighted Index declined 3.82%. Meanwhile, high-growth stocks that had previously posted strong gains have also suffered severe losses, with individual names like SOI and RKLB logging cumulative declines of 30% to 40% recently. Per historical market patterns, high-beta stocks typically enter a correction phase ahead of the broader market and tend to see steeper drops, but they also often lead the rebound once the market stabilizes. Excluding South Korea’s inherently highly volatile market, a single-day decline of 3% to 4% in major indices usually signals a rapid cooling of market risk appetite, making the short-term market environment quite challenging.
4 minutes ago
SpaceX plans to roll out Starlink mobile services to the U.S. mass consumer market.
According to a report by the UK’s Financial Times, Elon Musk’s SpaceX plans to roll out Starlink mobile services to the U.S. mass consumer market.
4 minutes ago
Jiang Zhuoer: "AI bubble may burst once incremental funds dry up"
Jiang Zhuoer, founder of BTC.TOP (formerly LTC Pool), posted that liquidity in the US stock market is no longer sustainable. Just as the Bitcoin bull market ends when new inflows fail to support price rallies, the AI bubble will burst when new capital can’t sustain stock price gains. Initially, tech stocks rallied broadly, then only AI-related stocks advanced, and now only storage stocks are still rising—even AI leader Nvidia has started to decline.
AI Agent infrastructure layer firm Orthogonal secures $4.3 million in funding, led by Pantera Capital.
According to official announcements, agent infrastructure project Orthogonal has secured $4.3 million in funding, led by Pantera Capital, with participation from Y Combinator, Pioneer Fund, Decasonic, Blast Club, Outbound Capital, Rice Capital, Surreal by Premise, and Batch Ventures (CTO Fund). Orthogonal is dedicated to providing a unified access layer for AI agents, enabling them to discover, orchestrate and pay for required services on demand, so that they can complete tasks including booking, research, data processing and transactions even when existing tools are unavailable. The project aims to become the default entry point for agents to acquire new capabilities.
4 minutes ago
Binance Alpha will today launch the exclusive Token Generation Event (TGE) for CAP (CAP)
According to official announcements, Binance Alpha will launch the exclusive Token Generation Event (TGE) for CAP (CAP), with the subscription period running from 18:00 to 20:00 (UTC+8) on June 26, 2026. Eligible users must participate using Alpha Points.
4 minutes ago
Serenity: High-beta stocks typically fall first during broad market corrections, but also recover earlier.
Serenity issued a statement noting that global financial markets are currently undergoing a broad correction, with no clear end in sight. Major Asian stock indices are under broad pressure: South Korea’s KOSPI fell 8.18%, Japan’s Nikkei 225 dropped 4.8%, and Taiwan’s Weighted Index declined 3.82%. Meanwhile, high-growth stocks that had previously posted strong gains have also suffered severe losses, with individual names like SOI and RKLB logging cumulative declines of 30% to 40% recently. Per historical market patterns, high-beta stocks typically enter a correction phase ahead of the broader market and tend to see steeper drops, but they also often lead the rebound once the market stabilizes. Excluding South Korea’s inherently highly volatile market, a single-day decline of 3% to 4% in major indices usually signals a rapid cooling of market risk appetite, making the short-term market environment quite challenging.
4 minutes ago
SpaceX plans to roll out Starlink mobile services to the U.S. mass consumer market.
According to a report by the UK’s Financial Times, Elon Musk’s SpaceX plans to roll out Starlink mobile services to the U.S. mass consumer market.
4 minutes ago
Jiang Zhuoer: "AI bubble may burst once incremental funds dry up"
Jiang Zhuoer, founder of BTC.TOP (formerly LTC Pool), posted that liquidity in the US stock market is no longer sustainable. Just as the Bitcoin bull market ends when new inflows fail to support price rallies, the AI bubble will burst when new capital can’t sustain stock price gains. Initially, tech stocks rallied broadly, then only AI-related stocks advanced, and now only storage stocks are still rising—even AI leader Nvidia has started to decline.
If you’ve ever wondered what happens to the millions of meme tokens flooding Solana, CoinGecko just provided the answer. It’s not pretty.
A sweeping on-chain analysis of 18.67 million tokens launched on Pump.fun between January 14, 2024, and June 18, 2026, found that just 4.55% of them, roughly 850,180 tokens, remained actively traded beyond 90 days. The other 95.45% effectively ceased to exist as tradable assets well before the three-month mark.
Dead on arrival According to CoinGecko’s data, 68.67% of all Pump.fun tokens, approximately 12.8 million of them, recorded their last trade on the very same day they launched. Nearly seven out of every ten tokens created on the platform are born, briefly exist, and then never trade again, all within 24 hours.
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Pump.fun uses a bonding curve model that lets anyone with a Solana wallet spin up a new token with minimal cost and no pre-allocated liquidity. Graduation rates from Pump.fun’s internal trading environment to external decentralized exchanges like Raydium sit below 1-2%. Out of every 100 tokens launched, fewer than two make it to the wider Solana DeFi ecosystem.
A billion-dollar graveyard The platform has generated over $1 billion in cumulative revenue, making it one of the most significant revenue drivers in the entire Solana ecosystem. Every token launch generates fees. Every trade on the bonding curve generates fees. Whether the token goes to zero in six minutes or six months, the platform already got paid.
The 18.67 million tokens analyzed represent one of the largest datasets ever assembled on meme token performance. The 4.55% that survive past 90 days means the token still had at least one trade after three months. It doesn’t mean it was profitable for anyone who held it.
Context and the bigger picture At 18.67 million launches over roughly 29 months, that averages out to more than 21,000 new tokens per day. The sheer volume creates a discovery problem that compounds the survival problem, as tokens with genuine community backing can get buried under an avalanche of new launches within hours.
What this means for traders and investors A 68.67% chance of a token dying on its first day means that the majority of capital deployed into newly launched Pump.fun tokens is, statistically speaking, going to zero almost immediately. The 4.55% survival rate past 90 days means that even if you’re selective, the odds are overwhelmingly stacked against long-term holding.
One thing the data makes clear is that Pump.fun’s revenue success and its users’ investment success are two very different things. The platform thrives on volume. Its users, by and large, do not.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
PANews June 26 news, according to Lookonchain monitoring, a trader on Aster turned a profit of $5.6 million in just one week. A week ago, the trader deposited $3.9 million into a newly created wallet and opened a 1x short position of 139.58 million ESPORTS at around $0.07 (worth $9.44 million). The position currently has an unrealized profit of $5.6 million.
Binance Alpha will today launch the exclusive Token Generation Event (TGE) for CAP (CAP)
According to official announcements, Binance Alpha will launch the exclusive Token Generation Event (TGE) for CAP (CAP), with the subscription period running from 18:00 to 20:00 (UTC+8) on June 26, 2026. Eligible users must participate using Alpha Points.
4 minutes ago
Serenity: High-beta stocks typically fall first during broad market corrections, but also recover earlier.
Serenity issued a statement noting that global financial markets are currently undergoing a broad correction, with no clear end in sight. Major Asian stock indices are under broad pressure: South Korea’s KOSPI fell 8.18%, Japan’s Nikkei 225 dropped 4.8%, and Taiwan’s Weighted Index declined 3.82%. Meanwhile, high-growth stocks that had previously posted strong gains have also suffered severe losses, with individual names like SOI and RKLB logging cumulative declines of 30% to 40% recently. Per historical market patterns, high-beta stocks typically enter a correction phase ahead of the broader market and tend to see steeper drops, but they also often lead the rebound once the market stabilizes. Excluding South Korea’s inherently highly volatile market, a single-day decline of 3% to 4% in major indices usually signals a rapid cooling of market risk appetite, making the short-term market environment quite challenging.
4 minutes ago
Jiang Zhuoer: "AI bubble may burst once incremental funds dry up"
Jiang Zhuoer, founder of BTC.TOP (formerly LTC Pool), posted that liquidity in the US stock market is no longer sustainable. Just as the Bitcoin bull market ends when new inflows fail to support price rallies, the AI bubble will burst when new capital can’t sustain stock price gains. Initially, tech stocks rallied broadly, then only AI-related stocks advanced, and now only storage stocks are still rising—even AI leader Nvidia has started to decline.
4 minutes ago
Yesterday, U.S. spot Bitcoin ETFs recorded a net outflow of $691.7 million, while U.S. spot Ethereum ETFs posted a net outflow of $81.9 million.
According to Farside's monitoring data, U.S. spot Bitcoin ETFs posted a net outflow of $691.7 million yesterday, while Ethereum ETFs saw a net outflow of $81.9 million.
Strategy’s options market has remained below historical crisis levels even as defensive Bitcoin positioning has climbed into the top fifth of historical readings, according to new research from Anchorage Digital.
Summary
Anchorage Digital says Strategy’s options market is not signaling a severe crisis despite elevated downside hedging. Bitcoin and IBIT options show strong demand for protection, with put skew near historical highs. Legal scrutiny, insider share sales, and stock weakness have increased pressure on Strategy, but options traders are not pricing forced deleveraging. According to a June 25 report by Anchorage Digital head of research David Lawant, traders across Bitcoin options, BlackRock’s iShares Bitcoin Trust (IBIT), and Strategy (MSTR) continue to pay a premium for downside protection, yet Strategy’s options market is not signaling fears of a severe company-specific breakdown.
The research examined options activity on Deribit alongside IBIT and MSTR, arguing that the combination offers a more complete picture of sentiment across crypto-native participants, institutions, and retail investors than any single market on its own.
The Put skew remained elevated in both Deribit and IBIT options, indicating that investors have preferred hedging against losses instead of chasing additional upside. According to the report, defensive positioning ranked in the 82nd percentile of IBIT’s history and the 84th percentile of Deribit’s five-year record.
Lawant also found that Bitcoin options have spent nearly half of 2026 pricing one-week implied volatility above one-month implied volatility. The report attributed the unusual pattern to repeated macroeconomic events, geopolitical developments, and crypto-specific catalysts that have kept traders focused on immediate uncertainty.
Lawant wrote that a return to one-month implied volatility trading above one-week levels would suggest investors are becoming more comfortable looking beyond current risks.
Strategy options remain below historical stress levels Although Strategy has come under growing pressure in recent weeks, Anchorage Digital said its options market has not reached the conditions that accompanied previous periods of severe market stress.
According to the report, traders continue to buy downside protection, but put skew has not climbed to levels that typically signal expectations of forced deleveraging or a broader crisis surrounding the company.
The assessment comes as Strategy’s capital structure has faced fresh strain. The company’s perpetual preferred stock, STRC, dropped to $82.53 on June 22, about 17% below its $100 par value, before recovering after Strategy disclosed that it had increased its fiat reserves to $1.3 billion. By Thursday, STRC was trading near $75, leaving it roughly 25% below par.
Source: Yahoo Finance Pressure has also spread to the company’s common stock. Yahoo Finance data showed MSTR shares were trading around $85 on Thursday after falling about 78% over the past year and reaching a fresh 52-week low.
Legal scrutiny has intensified alongside stock weakness Outside the options market, Strategy has encountered increasing legal and investor scrutiny.
Rosen Law Firm recently announced that it is investigating whether the company made materially inaccurate business disclosures. The firm said it is evaluating potential securities claims and considering a possible class action on behalf of shareholders who suffered losses.
The investigation followed public comments from Bitcoin critic Peter Schiff, who argued that investors in Strategy’s STRC preferred shares could have legal grounds to pursue claims if they purchased the security based on Michael Saylor’s promotion of the company’s Bitcoin treasury strategy. Schiff made those remarks before any law firm publicly disclosed an investigation into potential shareholder claims.
Adding to investor attention, Strategy director Jarrod Patten recently sold another 1,500 MSTR shares as the stock continued its decline.
Despite those developments, Anchorage Digital’s analysis indicates that options traders are preparing for additional volatility rather than pricing in a severe breakdown.
Strategy, led by Executive Chairman Michael Saylor, remains the world’s largest corporate holder of Bitcoin with 847,363 BTC on its balance sheet after pioneering the corporate Bitcoin treasury model in 2020.
Bitcoin can be safely stored by holding it in a self-custodial wallet. Only the BTC owner controls and secures both the Private Keys that authorize transactions, and the Secret Recovery Phrase that can regenerate those keys. No exchange, company, or third party can move, freeze, or recover the funds. In bitcoin's design, whoever holds the keys holds the BTC.
Disclaimer: This guide is for educational purposes only. It is not financial advice, not a solicitation, and not for UK audiences. Self-custody of bitcoin and digital assets is risky and not suitable for all users.
Why safe bitcoin storage matters more than everTargeted bitcoin theft is rising: in April 2025, a single US holder lost 3,520 BTC, roughly $330 million, when a social engineering scam reached their wallet. Physical coercion is rising alongside it. 2025 was a record year for physical attacks on bitcoin owners, with reported assaults up 169% last year. The threat to stored bitcoin comes from two directions at once: centralized platforms that fail catastrophically, and individual holders picked off by social engineering. A sound storage strategy has to account for both failure modes.
The bitcoin storage spectrum: from exchange custody to air-gapped cold storageDifferent bitcoin storage methods trade off security against convenience. The spectrum runs from fully custodial, where an exchange holds the keys, to fully self-custodial and offline, where the keys never touch an internet-connected device. For a breakdown of wallet categories, including hot vs cold and custodial vs self-custodial, see what is a bitcoin wallet. This guide focuses on how to use each method securely.
Storage method
Key control
Internet exposure
Best suited for
Exchange custody
Exchange holds keys
Always online
Active trading and small balances awaiting withdrawal
Software wallet (hot)
Owner holds keys
Online when in use
Day-to-day transactions and moderate balances
Hardware wallet (cold)
Owner holds keys on a secure chip
Offline by default
Long-term holdings and larger balances
Air-gapped hardware or dedicated device
Owner holds keys, never connects to the internet
Fully offline
High-value cold storage
Multisig wallet
Multiple keys required to sign
Varies by setup
Institutional holdings, shared custody, and estate planning
Each step down the table adds security and removes convenience. Combining at least two methods, an approach often called tiered storage, can reduce the risk of any single point of failure.
A practical tiered storage strategyThe most widely used approach, recommended by most security researchers and hardware wallet manufacturers, splits holdings across tiers by how often they are used.
Tier
What it holds
How it is protected
Active tier (software wallet)
A small share of holdings for daily transactions, swapping, and app interactions
Strong device security, updated software, and transaction verification
Cold tier (hardware or air-gapped device)
The majority of holdings, accessed infrequently to refill the active tier or make large transfers
Physical security, a PIN, and a secure phrase backup
Recovery tier (Secret Recovery Phrase backups)
Metal or paper backups in two or more separate locations
Geographic separation; exists solely to reconstruct access if a device is lost, stolen, or destroyed
The right split depends on how often someone transacts and their risk tolerance. The principle stays constant: keep the minimum necessary amount on internet-connected devices, and keep the rest offline.
The Secret Recovery Phrase: the single most important thing to protectA Secret Recovery Phrase is the sequence of 12 or 24 words generated when a wallet is first created. It is the master backup for every Private Key the wallet derives. Anyone who obtains those words in the correct order can rebuild the wallet and move all funds from any device, anywhere. There is no second factor, no confirmation email, and no waiting period.
Physical media is the safest place for it. Paper or stamped metal works; a notes app, screenshot, email, or cloud drive does not. In March 2026, Gen Digital documented a clipboard-hijacking infostealer called Torg Grabber that targeted 728 crypto-wallet browser extensions by silently swapping copied data, a reminder that malware on a connected device can intercept sensitive information the moment it is used.
Two or more physically separate, secure locations protect a backup against fire, flood, or theft at any single site, such as a fireproof safe and a bank safe deposit box. Metal backups add further protection because stamped or engraved steel plates survive fire and water that would destroy paper.
No legitimate wallet provider, exchange, or support representative will ever ask for a Secret Recovery Phrase. Any request for one is a scam, without exception.
Software wallets: self-custody with internet accessA software wallet, sometimes called a hot wallet, is an application on a phone, browser, or desktop that generates and stores Private Keys on the device. The holder controls the keys directly, which removes exchange dependency, but the device stays connected to the internet at least some of the time.
Software wallets are the most practical option for BTC that gets used for sending, receiving, swapping, or interacting with apps. MetaMask, for example, supports native Bitcoin through the Native SegWit derivation path (the modern bitcoin address format that lowers network fees) alongside Ethereum and Solana in a single self-custodial interface.
The security ceiling of a software wallet is the security of the device it runs on. Malware on a compromised phone or computer can expose Private Keys, no matter how well the wallet software is built. Practical defenses include keeping the operating system updated, avoiding sideloaded apps from unofficial sources, using a dedicated device where possible, and keeping the Secret Recovery Phrase off the device that runs the wallet.
Hardware wallets: offline key isolationA hardware wallet is a purpose-built physical device that generates and stores Private Keys in a secure element, a tamper-resistant chip that never exposes the keys to an internet-connected computer or phone. When a transaction needs signing, the details go to the device, get signed internally, and return. The Private Keys never leave the hardware.
This architecture means that even if the computer used alongside the hardware wallet is compromised, the attacker cannot extract the keys or alter the transaction details without physical access to the device and its PIN.
What to look forFeature
Why it matters
Secure element chip
Prevents key extraction even with physical access
On-device transaction display
Verifies the exact recipient and amount before confirming, which defeats address-swapping malware
Open-source firmware
Allows independent security audits
Bitcoin-native support (SegWit, Taproot)
Ensures full compatibility, not just wrapped or tokenized BTC
Direct manufacturer purchase
Eliminates tampered-device risk from third-party resellers
Pairing hardware with softwareHardware wallets work alongside software wallets rather than replacing them. The software wallet handles the interface and network connection; the hardware wallet handles signing. MetaMask Extension connects to hardware wallets, including Ledger, Trezor, Keystone, and NGRAVE ZERO, which pairs day-to-day portfolio visibility with offline key isolation.
Air-gapped storage and multisigFor high-value holdings, some holders go further than a standard hardware wallet.
Air-gapped devices are hardware wallets or dedicated computers that never connect to the internet in any way, including USB, Bluetooth, or Wi-Fi. Transactions pass to the device by QR code or microSD card, get signed offline, and pass back the same way. This removes the entire category of remote, network-based attacks.
Multisig, or multi-signature, wallets require more than one Private Key to authorize a transaction, for example, two out of three keys held in separate locations or by separate people. This removes the single point of failure in any single-key setup. If one key is lost or compromised, an attacker still cannot move funds, and the holder can recover using the remaining keys. Multisig is common in institutional custody, shared business accounts, and estate planning, where access needs to survive the loss of any single keyholder.
Both approaches add complexity and generally make sense only for holdings where the security benefit justifies the operational overhead.
Exchange custody: the risks of leaving BTC on a platformWhen bitcoin sits on an exchange, the exchange controls the Private Keys. The holder has a claim on the platform's reserves, not direct ownership of specific BTC on the blockchain. If the exchange is hacked, freezes withdrawals, or becomes insolvent, that claim may be worthless.
The February 2025 Bybit breach resulted in roughly $1.5 billion stolen, the largest single crypto theft on record, according to Chainalysis. The collapses of FTX in 2022 and Mt. Gox in 2014 showed the same structural risk at different scales. Chainalysis attributed 88% of Q1 2025 theft losses to compromises of centralized services, a pattern MetaMask's December 2025 Crypto Security Report saw alongside last year's $3.4 billion in total losses.
For holders who keep some BTC on an exchange to trade actively, enabling every available security feature, including two-factor authentication, withdrawal address whitelisting, and email confirmations for withdrawals, reduces the risk without eliminating it. Exchange custody still means trusting someone else's infrastructure.
Phishing and social engineering: the biggest threat to any storage methodThe most common way bitcoin holders lose funds is by being tricked into handing over access, not protocol exploits. No storage method protects a holder who gives away the keys.
Address poisoning is the fastest-growing blockchain network attack vector. As of early 2026, Blockaid had flagged more than 65.4 million address-poisoning transactions since January 2025, averaging over 160,000 per day. Attackers send tiny transactions from addresses that match the first and last characters of a victim's real addresses. When the victim copies an address from transaction history instead of verifying the full string, the funds go to the attacker. According to CoinDesk, one victim lost roughly $50 million this way in December 2025. One way to reduce address poisoning risks is to verify the full address before every send and to use a saved address book rather than transaction history. MetaMask's Address Poisoning Detection is built into the wallet by default. It compares each newly pasted address against addresses the user has already interacted with, and shows a warning when it spots a lookalike.
Impersonation was one of the fastest growing scam categories in 2025, according to Chainalysis. The attack shows up in many different forms, including: hackers posing as trusted brands, founders, or officials, and fake support staff who claim to represent a wallet provider or exchange. Both reach victims over channels like Telegram, Discord, and email. Legitimate support never initiates contact by direct message and never requests yourSecret Recovery Phrase. For example, leading self-custodial wallet MetaMask will never ask you for your Secret Recovery Phrase.
Malicious transaction signing tricks holders into approving transactions that grant an attacker permission to move tokens. This often happens through spoofed dapp interfaces. Defense: read every transaction detail before signing. MetaMask's transaction simulation and security alerts scan for known malicious addresses and suspicious contract interactions before execution. Reject anything that can't be fully read and understood.
Recovering bitcoin: what to do when something goes wrongScenario
What to do
Lost Secret Recovery Phrase, wallet still accessible
Create a new wallet, record the new phrase securely, and move all funds to it. Treat the old wallet as compromised, so the funds stay safe even if the lost phrase resurfaces.
Lost Secret Recovery Phrase, wallet inaccessible
The funds are permanently unrecoverable. No wallet provider can restore them. This is the most consequential risk in self-custody.
Compromised device
Move funds to a wallet on a clean, trusted device using a different Secret Recovery Phrase. Do not enter existing phrases on the compromised device.
Wrong address
Bitcoin transactions are irreversible once confirmed, with no chargeback and no central authority to appeal to.
Because confirmed bitcoin transactions cannot be reversed, pre-send verification is an important habit rather than an optional step. A small test transaction can confirm a new address, but a test alone is not enough: the December 2025 victim who lost $50 million sent a test first, then copied the poisoned address from transaction history. Re-entering or pasting the address from a saved, verified source for every send closes that gap.
Frequently asked questions about storing bitcoin safely
According to a recent report shared by David Lawant, head of research at Anchorage Digital, demand to hedge against downside risks in Bitcoin options remains elevated. The study indicates that both crypto-focused investors and participants in exchange-traded funds are intensifying efforts to protect themselves from potential declines.
Three markets analyzed togetherThe report reviews option activity across Deribit, BlackRock’s iShares Bitcoin Trust (IBIT), and shares of Strategy (MSTR). Anchorage Digital highlights that analyzing these three platforms together provides a broader view of trends among crypto-native investors, institutional players, and retail participants compared to a single market perspective.
Anchorage Digital is recognized as a US-based financial firm that provides custody, trading, and infrastructure services in digital assets. The report notes that a strong preference for puts persisted on both Deribit and the IBIT options market. This trend shows that investors are opting to pay premiums for downside protection instead of betting on major price rallies.
The report finds that defensive positioning has reached the 82nd percentile in IBIT’s history and the 84th percentile in Deribit’s last five years.
Short term risk perception comes to the foreThe research points to a notable volatility structure in Bitcoin options through 2026. Specifically, the market has priced implied volatility for the upcoming week higher than that for the next month nearly half the year. The report states that, while such inversions have historically appeared occasionally and briefly, this time macroeconomic, geopolitical, and crypto-specific events have made the pattern stand out more sharply.
This landscape suggests that option investors are prioritizing management of short term uncertainties rather than making firm directional bets. Lawant notes that a return of one month implied volatility outpacing weekly levels would imply that the market has grown more comfortable looking beyond immediate risks.
Pressure mounts on Strategy, but no panic signalsAnchorage Digital’s analysis shows a cautious approach among Strategy investors, yet no sign that participants are bracing for a severe downturn. Despite recent weakness in both its preferred and common shares, the level of stress in Strategy’s options market has not reached those witnessed during previous sharp corrections.
Strategy’s perpetual preferred share, STRC, slid to as low as $82.53 on June 22, trading about 17% below its $100 nominal value. After the company announced its cash reserves had risen to $1.3 billion, the share price partially recovered. As of Thursday, STRC was trading around $77, roughly 23% below nominal value.
The weakness did not stop at STRC. Yahoo Finance data shows Strategy’s common stock, MSTR, has fallen about 78% over the past year and was changing hands near $87 on Thursday.
Nevertheless, the report underscores that the put demand in MSTR options has not approached levels associated with forced deleveraging or fears of a broader crisis. Led by Michael Saylor as its executive chairman, Strategy became one of the early adopters of the corporate Bitcoin treasury model in 2020. The company currently holds 847,363 BTC on its balance sheet.
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.
