The Islamic Revolutionary Guard Corps attacked a containership in the Strait of Hormuz on April 22, 2026, damaging the vessel’s bridge in an unprovoked strike roughly 15 nautical miles northeast of Oman. The ship, which had already received transit permission, was hit by an IRGC gunboat without prior challenge.
That last detail matters. Transit permission offered no protection. For the hundreds of vessels that pass through the Strait of Hormuz daily, that’s a significant shift in the threat calculus.
A chokepoint on fire The April 22 attack was not an isolated incident. It came during a stretch of escalating maritime confrontations in late April and early May 2026, with strikes also reported on the Mediterranean Shipping Company’s vessel Francesca and the Greek-owned Epaminondas. Combined with earlier incidents, the total count of maritime attacks tied to the ongoing conflict has surpassed two dozen.
Iran’s leverage over that bottleneck has taken a new form beyond gunboats. The country began mandating a $1-per-barrel Bitcoin toll for Hormuz transit, a mechanism designed to collect revenue while sidestepping US-led sanctions. According to reporting from the Wall Street Journal and others, actual payments under this scheme were made.
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Iran’s broader crypto economy carries a valuation cited at over $7.78 billion, which gives the toll scheme a credible institutional backbone rather than the look of an improvised workaround.
The US Treasury response Washington did not treat the Bitcoin toll scheme as a curiosity. The US Treasury froze approximately $344 million in Bitcoin connected to wallets linked to the IRGC, citing the toll collections and broader sanctions evasion activity.
That number, $344 million, is significant for a few reasons. It signals that US agencies have developed meaningful on-chain forensics capability, the kind needed to trace and freeze funds held in pseudonymous wallets tied to a sovereign adversary. It also confirms that the sanctions evasion use case for crypto, long theorized and occasionally documented in smaller cases, has now been tested at state-actor scale.
What this means for crypto markets and investors Bitcoin’s price briefly dipped below $80,000 during the peak of the Hormuz tensions, a move that reflected both broad risk-off sentiment and specific anxiety about regulatory blowback on crypto tied to sanctioned entities.
For investors, the core risk is regulatory contagion. When Bitcoin appears in the same sentence as IRGC sanctions evasion and oil toll collection, it invites legislative attention. Congressional hearings, expanded OFAC guidance on crypto, and tighter exchange compliance requirements are all plausible downstream effects of this episode.
The competitive landscape for compliant exchanges and custody providers could actually benefit from this dynamic. Platforms that have invested heavily in blockchain analytics and sanctions screening are better positioned to weather a regulatory tightening than those that have not.
Watch for further Treasury designations. The $344 million freeze may be the opening move rather than the conclusion of the US government’s response to Iran’s Bitcoin toll infrastructure.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Strategy’s preferred shares are trading well below their $100 par value, and the company just spent $1.38 billion in cash to buy back its own debt instead of buying more Bitcoin. For a firm whose entire identity revolves around accumulating as much Bitcoin as humanly possible, that’s a notable pivot.
The STRC preferred shares have slid to roughly 14% below par, pushing yields up to around 11.5%. Meanwhile, Bitcoin short interest has jumped 9%, adding external pressure to a company that has effectively turned itself into a leveraged Bitcoin proxy.
The debt buyback that raised eyebrows In May 2026, Strategy repurchased $1.5 billion in face value of its 0% convertible senior notes due in 2029. The price tag: approximately $1.38 billion in cash, a discount that looks smart on paper but raises uncomfortable questions about what the company is prioritizing.
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Strategy didn’t use that $1.38 billion to buy more Bitcoin. It used it to reduce its debt load. The company currently holds between 843,738 and 846,842 BTC, acquired at an average cost of roughly $76,000 per coin. That puts the total acquisition cost basis at approximately $63.88 billion, making Strategy the largest corporate holder of Bitcoin on the planet by a wide margin.
The $1.5 billion dividend problem Strategy’s annual preferred dividend obligation sits at roughly $1.5 billion. The company’s older convertible notes carried 0% coupons, meaning they cost nothing to service until maturity or conversion. The newer preferred share structure is a fundamentally different animal. An 11.5% yield on preferred shares trading below par tells you the market is pricing in meaningful risk that those dividends might become difficult to sustain.
The suspension of new Bitcoin acquisitions is particularly telling. Strategy built its entire brand on relentless accumulation, and stepping off that treadmill, even briefly, changes the narrative.
Rising short interest adds pressure Bitcoin short interest climbing 9% during this period isn’t coincidental. Nearly 850,000 BTC represents a meaningful percentage of Bitcoin’s liquid supply, and even the perception that forced selling might occur can move markets.
Strategy’s financial health depends on Bitcoin’s price. Bitcoin’s price is partially supported by the market’s confidence that Strategy won’t sell. The broader “digital credit” market is also feeling the chill — when STRC trades 14% below par, it sends a message to every issuer considering similar structures that the market’s risk appetite has limits.
What this means for investors The key metric to watch is whether Strategy resumes Bitcoin purchases or continues prioritizing debt reduction. The spread between STRC’s trading price and its par value is another real-time indicator of market confidence.
Strategy’s decision to repurchase its 0% notes at a discount — buying back debt at 92 cents on the dollar — is rational treasury management, but it also means the market was willing to sell that debt at a loss. The 9% increase in Bitcoin short interest is worth monitoring as a sentiment gauge, as shorts continuing to build while Strategy’s bonds trade below par could create a volatile environment where any negative catalyst gets amplified.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
@Strategy is enduring one of its worst stretches since building its Bitcoin treasury. $MSTR fell roughly 9% on June 24, touching a 52-week intraday low of $92.28, a staggering drop from its 52-week high of $457.22. The preferred share, $STRC, was not spared either. STRC, the dividend-paying preferred share Saylor has leaned on to fund Bitcoin purchases, dropped 7.41% to $80.84, also a 52-week low and now well below its $100 par value.
Bitcoin Below $60,000 Is the Trigger The proximate cause is a sharp decline in $BTC. Bitcoin slid through the $60,000 mark on June 24, closing near $59,000, its weakest level since late 2024. Because $MSTR functions as a leveraged proxy for Bitcoin, the stock amplifies every move in the underlying asset. With $STRC now trading under its $100 par value, growing concerns about the preferred stock vehicle, which has been used to fund Bitcoin purchases, mean it is now slipping well below par and increasing the company's financing costs.
The broader sell-off has not helped. Bitcoin slid to $59,200 during the session before recovering to around $61,000. The wider crypto sell-off was attributed to significant outflows from Bitcoin ETFs and a shift in Federal Reserve expectations toward potential rate hikes, making risk assets less attractive.
Adding to the pressure, Strategy disclosed the sale of a small amount of Bitcoin to fund preferred stock distributions, a symbolic move that countered its long-held "never sell" philosophy. That disclosure has weighed on sentiment since early June.
A Deep Drawdown, Yet Analysts Hold Their Targets Strategy is down 39.6% since the beginning of the year and is trading roughly 79% below its 52-week high. Despite the steep drawdown, Wall Street has not abandoned the stock. According to 14 analysts, the average rating for $MSTR is "Strong Buy," with a 12-month average price target of $351.54. That gap between the current price and analyst targets is now enormous, reflecting either deep conviction in a Bitcoin recovery or targets that have yet to catch up with the new reality.
The more MSTR falls, the less firepower Saylor has to buy Bitcoin or raise cash to cover debt obligations, although Strategy does have approximately 10 months of debt covered with its current cash pile. The financing engine that has defined the company's identity is now visibly under stress, and markets are watching closely to see whether a stabilization in Bitcoin prices can relieve the pressure before conditions deteriorate further.
Sources:
Yahoo Finance: Morning Minute: Strategy's MSTR and STRC Crash to 52-Week Lows
Yahoo Finance: Why Strategy (MSTR) Shares Are Getting Obliterated Today
Stock Analysis: Strategy (MSTR) Stock Price and Overview
Bitcoin experienced one of its steepest sell-offs in recent weeks on June 25, with the price dropping from above $61,000 to around $58,000 within an hour. The sharp downturn prompted renewed concerns in the market about whether Bitcoin could maintain its key support levels.
According to data from Coinglass, total liquidations across the market reached $1.27 billion in the past 24 hours, affecting 209,000 traders. The most volatile period saw liquidations exceeding $430 million. Coinglass is a well-known market data platform tracking liquidation activity in derivative markets.
Sell pressure was not limited to a single pair, with synchronized selling seen across BTC/USD, BTC/USDT, BTC/FDUSD pairs, and perpetual futures on Binance.
This demonstrates that the selling pressure was broad-based, spanning multiple channels. Market indicators showed sell-offs happening simultaneously in spot and perpetual futures markets on Binance, underscoring that the drop was rooted in a wider market context, not just isolated trading activity.
After the first sharp drop, Bitcoin saw a brief rebound, but the recovery quickly lost momentum and the price settled around $59,000. A market analyst noted that buying activity increased after the decline, though this failed to translate into a lasting change in trend.
Order flow confirms weak sentimentAnalysts suggest that coins sold by panicking retail investors may have been snapped up by larger, more experienced players. At the same time, the continued build-up of short positions indicated that market participants were increasingly expecting further losses.
Order flow data supported this negative outlook. The Cumulative Volume Delta (CVD) indicator, which measures the aggressiveness of buyers versus sellers, swung sharply negative as prices fell. This pointed to a dominance of sell orders over buy orders at the height of the downturn.
Mini glossary: CVD (Cumulative Volume Delta) is a market indicator used to track the aggressiveness of buying and selling. When the indicator moves into negative territory, it signals that selling pressure dominates.
Even after the initial decline, CVD readings did not recover significantly, suggesting that the rebound was largely driven by short covering rather than genuine spot demand. As selling resumed, the indicator continued to move lower, signaling ongoing weakness.
Spot ETF outflows add to pressureAn additional factor weighing on Bitcoin was persistent outflows from spot Bitcoin ETFs. Updated figures showed a single-day net outflow of 7,439 BTC, equivalent to roughly $441.88 million. Over the past seven days, net outflows reached 12,619 BTC, representing around $749.58 million.
These ETF outflows highlight a weakening of one of the key demand drivers that previously supported Bitcoin’s rally phases. The declining interest from ETF investors has been a notable headwind for the cryptocurrency in recent sessions.
PeriodNet outflowApproximate value1 day-7,439 BTC$441.88 million7 days-12,619 BTC$749.58 million$60,000 remains a critical support zoneTechnical analyst Rekt Capital notes that Bitcoin’s current situation resembles the correction phase seen in 2022. On the monthly chart, BTC has slipped below its short-term trendline and is now testing the longer-term moving average near $60,000. Rekt Capital is well known for in-depth technical analysis focused on crypto markets.
If BTC can hold above the long-term support around $60,000, there is a chance for a relief rally in July. However, falling below this level could increase the risk of a deeper correction.
Whether Bitcoin manages to stay above this pivotal support may shape the short-term direction. Sustaining above $60,000 could open the door for a rebound next month, while a loss of this level keeps the risk of a more pronounced correction firmly in play.
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.
Bitcoin is once again testing investor confidence.
After recent volatility across digital asset markets, Bitcoin has returned to the $61,549 support area, forcing traders to decide whether the current level can hold. While uncertainty continues surrounding the broader market direction, some AI-powered cryptos are showing resilience.
Two projects attracting significant attention are DeXe ($DEXE) and MemeToro ($MT).
Although they serve different purposes, both sit within sectors benefiting from growing demand for artificial intelligence, automation, and community-driven ecosystems. As Bitcoin consolidates, many investors are comparing DeXe price prediction models with the upside potential offered by newer AI-focused projects such as MemeToro.
Bitcoin Retests $61,549 as Traders Search for Direction Bitcoin’s latest move has become the primary focus across crypto markets.
The return toward the $61,549 support zone follows weeks of uncertainty, liquidations, and weakening sentiment. While the recent bounce has reduced panic selling, analysts remain divided on what comes next.
Some traders believe Bitcoin is building a local floor.
Others argue that the broader trend remains fragile and vulnerable to additional downside pressure if support fails to hold. This uncertainty is influencing capital allocation decisions.
When Bitcoin enters prolonged consolidation phases, investors often begin searching for sectors capable of generating independent momentum.
Artificial intelligence remains one of the strongest examples.
DeXe Price Prediction: Can the Rally Continue? The latest DeXe price prediction discussions have become increasingly bullish following the token’s recent surge.
DeXe climbed roughly 50% and reached a yearly high near $24.20 after a powerful short squeeze pushed market activity to new levels. Open interest expanded significantly as traders rushed to gain exposure.
The rally caught many participants off guard. However, technical indicators now suggest caution may be warranted.
The daily RSI recently approached extreme levels, indicating that DeXe may be entering overbought territory. As a result, some analysts expect a temporary pullback toward the $20 to $21 range before the next major move develops.
Even so, the broader DeXe price prediction remains constructive. A weekly close above recent highs could open a path toward the $27 and $30 zones later this summer.
Why AI-Powered Cryptos Continue Attracting Capital The popularity of DeXe is part of a larger trend.
Artificial intelligence continues attracting investment across both traditional technology markets and blockchain ecosystems. Investors increasingly view AI as a long-term growth sector rather than a short-term narrative.
This is helping AI-powered cryptos remain visible despite broader market uncertainty.
Automation, predictive analytics, autonomous systems, and community-driven participation models are becoming increasingly important components of blockchain projects.
As a result, investors are paying closer attention to ecosystems capable of combining these technologies with practical utility.
MemeToro has become one of the projects benefiting from this shift.
Comparing DeXe and MemeToro The DeXe vs MemeToro comparison highlights two very different approaches to AI-powered crypto development.
DeXe focuses primarily on decentralized governance infrastructure. Its ecosystem is designed to help communities and organizations coordinate decision-making through DAO frameworks and governance tools.
MemeToro takes a more consumer-focused route.
The platform combines artificial intelligence, SocialFi participation, decentralized prediction markets, and Web3 entertainment into a single ecosystem.
This difference creates distinct investment profiles.
DeXe appeals to investors seeking mature governance infrastructure, while MemeToro targets users interested in participation-driven ecosystems built around emerging AI trends.
Breaking Down the MemeToro Utility Stack MemeToro operates as a behavioral finance layer designed to transform online attention into blockchain activity.
Its AI-driven infrastructure continuously analyzes cultural trends, social media discussions, and market narratives to identify opportunities before they become mainstream.
The platform includes several integrated components:
AI Memecoin Creation: Users can launch new tokens through a no-code deployment system. Prediction Markets: Participants can forecast real-world outcomes using $MT and BNB. Web3 Entertainment: Interactive gaming features help sustain ecosystem engagement. 35% APR Staking: Long-term holders can earn rewards while supporting network growth. The $MT token powers every component across the ecosystem. What’s Ahead The latest DeXe price prediction remains positive despite growing concerns about short-term overbought conditions. If Bitcoin successfully defends the $61,549 support zone, projects connected to artificial intelligence could continue benefiting from renewed market confidence.
Both DeXe and MemeToro fit that narrative.
DeXe offers established governance infrastructure and growing institutional credibility. MemeToro delivers a higher-risk, higher-upside opportunity built around AI-powered memecoin creation, prediction markets, staking rewards, and SocialFi participation. As investors evaluate AI-powered cryptos during Bitcoin’s latest consolidation phase, both projects are likely to remain prominent names throughout the remainder of June 2026.
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June saw the highest miner-to-Binance Bitcoin transfers in four months.
Bitcoin miners significantly increased their transfers to Binance during June. Data suggests that the total miner inflows to the exchange have surpassed 150,000 BTC.
According to CryptoQuant, the figure marks the highest level of miner deposits to Binance in more than four months and points to a sharp rise in activity from wallets associated with mining operations.
Massive Miner Transfers Miner inflows had remained relatively moderate in previous months before climbing sharply in June. The latest rise indicates that miners have become more active in moving their holdings to the exchange. This could reflect profit-taking after a period of price stability or efforts to secure liquidity to cover operational costs amid changing mining conditions and ongoing market volatility.
CryptoQuant explained that higher miner deposits do not automatically mean that all of the transferred Bitcoin will be sold immediately. However, the increase does place a larger amount of Bitcoin on the exchange, which increases the potential supply that could enter the market.
The analysis said that if these higher inflows are accompanied by weaker demand or lower buying activity, they could add selling pressure to Bitcoin prices. On the other hand, if the market absorbs the additional supply without a significant price decline, it could indicate strong demand and the ability of buyers to handle the increased supply.
At the same time, Alphractal’s Mining Equilibrium Index was at 0.75, which means that BTC miners are earning less than the annual average.
Bigger Story Behind Miner Pressures The decline in mining profitability comes as several public mining companies have already reduced their Bitcoin holdings to cope with weaker economics and rising operating costs. But prominent independent analyst Shanaka Anslem Perera argued that these miners are not abandoning mining because the business has collapsed, but because artificial intelligence companies are offering far higher returns for the same energy infrastructure.
You may also like: 3 Key Metrics Show Bitcoin Miners Are Under Mounting Pressure Trump-Backed American Bitcoin Posts $82M Loss Despite Record BTC Mining Output Bitcoin Mining Giants Sold More BTC in Q1 Than Entire 2025 Combined In a post on X, Perera said many publicly listed miners now face average production costs of around $80,000 per BTC. Some operations have become unprofitable when Bitcoin trades below that level. The downward difficulty adjustments this year indicated that some mining machines had already gone offline.
According to Perera, the major factor behind the industry’s shift is the growing demand for AI computing. He said a megawatt of electricity that generates roughly $1 million annually through Bitcoin mining can produce between $10 million and $20 million through AI hosting services. As a result, valuable assets such as power contracts, land, grid connections, and cooling infrastructure are increasingly being redirected toward AI operations.
Perera also added that Bitcoin’s network remains resilient because mining difficulty adjusts automatically when miners leave, which allows remaining participants to operate more profitably. He also said that the larger long-term issue is BTC’s dependence on block subsidies, which continue to decline through future halving events.
Bitcoin dropped to $58,131 on June 25, marking its lowest price since September 2024. That’s a staggering fall from grace for an asset that was trading above $126,000 just eight months ago.
The selloff triggered more than $1.4 billion in liquidations over 24 hours, with the overwhelming majority hitting long positions.
How bad is the damage Bitcoin’s weekly losses now sit at 6.6%. After touching that intraday low, the price staged a modest bounce to around $59,460, still down roughly 2.6% on the day.
The Crypto Fear & Greed Index, which measures market sentiment on a scale from 0 to 100, cratered to 13. That puts the reading firmly in “Extreme Fear” territory.
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Bitcoin hit a record high above $126,000 in late 2025, powered by optimistic pro-crypto policies and institutional inflows. The current price represents a decline of more than 53% from that peak.
The global cryptocurrency market cap has shrunk from its October 2025 peak of approximately $4.28 trillion to around $2 trillion. Altcoins have suffered even steeper percentage losses than Bitcoin.
What’s driving the selloff Roughly $10 billion worth of Bitcoin options were set to expire on Deribit on June 26. Large options expirations tend to create gravitational pull on prices as market makers hedge their positions, and analysts expect the expiry to inject additional volatility into an already fragile market.
Ongoing geopolitical tensions and broader risk-off sentiment have pushed investors away from speculative assets. Investors have also been redirecting funds toward AI and other high-growth technology sectors.
The technical picture is flashing red Bitcoin is now trading below its 200-week moving average. This indicator has historically served as a dividing line between bull and bear markets. The last time Bitcoin spent meaningful time below this level, it was during the 2022 bear market that followed the collapse of FTX and Terra.
What this means for investors The immediate concern is whether the options expiration on June 26 will trigger another leg down. With $10 billion in contracts settling, there’s meaningful risk of additional price dislocation, particularly if market makers need to unwind hedges in thin liquidity conditions.
The shrinkage from $4.28 trillion to $2 trillion in total crypto market cap means reduced liquidity, which means higher volatility on lower trading volumes.
Investors still committed to crypto exposure should be watching the $55,000 to $58,000 range closely. A sustained break below could open the door to significantly lower prices, while a hold and recovery above the 200-week moving average would be the first sign that the worst might be behind us.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Michael Saylor just did something nobody expected: he hinted that Strategy Inc. might actually sell Bitcoin.
Speaking at the Bitcoin 2026 conference in Las Vegas on April 28, the co-founder and executive chairman of Strategy Inc. laid out an ambitious funding model centered on STRC, the company’s Bitcoin-backed preferred stock. But the real headline was his suggestion that the firm could liquidate some of its Bitcoin holdings by the end of 2026 to better manage cash reserves, a notable departure from the company’s long-standing “never sell” ethos.
STRC: from launch to largest preferred stock in eight months The centerpiece of Saylor’s keynote was STRC’s meteoric rise. Within just eight months of its debut, the instrument has become the world’s largest and most liquid preferred stock, according to Saylor. It offers tax-deferred yields of 11.5%, putting it in direct competition with traditional equity returns.
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Saylor framed the company’s financial architecture in three layers: Bitcoin as “digital capital,” MSTR stock as “digital equity,” and STRC as “digital credit.”
The sell signal that wasn’t supposed to happen For years, Saylor has been Bitcoin’s most vocal corporate evangelist, famously advocating a buy-and-hold-forever approach. Strategy Inc., which rebranded from MicroStrategy in February 2025, has accumulated one of the largest corporate Bitcoin treasuries in existence.
So when Saylor indicated during his keynote that the firm might liquidate some holdings in 2026 to manage cash reserves, it registered as a genuine strategic pivot. Not a panic move. Not a capitulation. But a calculated acknowledgment that running a Bitcoin-backed financial conglomerate requires actual cash management.
The logic isn’t hard to follow. STRC’s 11.5% yield has to be paid somehow. If cash reserves run thin, the company faces two unpleasant options: sell Bitcoin or issue more MSTR shares. The latter dilutes existing equity holders. The former contradicts the core thesis.
Risks lurking beneath the innovation The conference didn’t shy away from the uncomfortable questions surrounding STRC’s structure. Chief among them: what happens if STRC issuances continue to grow while cash reserves don’t keep pace?
The answer is dilution. Ongoing STRC issuances create obligations that must be serviced. If Bitcoin’s price stagnates or declines, Strategy’s ability to cover yields without selling BTC or issuing new MSTR shares gets considerably harder.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The latest twist in Washington’s crypto saga landed this week, and it’s not a clean one. Congress moved a bill banning a Federal Reserve-issued central bank digital currency until 2030, but President Trump has not yet signed it, leaving the fate of a CBDC in limbo. Adding to the friction, the CLARITY Act—a sweeping stablecoin and market structure proposal—has been scheduled for a July hearing, according to a Santiment market note published on Thursday. The timing is starting to look like a fork in the road for U.S. digital asset policy.
The uncertainty comes as banking interests mount a last-ditch effort to reshape major crypto legislation, with a fight brewing just days before a Senate vote, as previously covered by BlockchainReporter in a report on the biggest crypto bill in US history. The combination of a CBDC ban without a signature, a blockbuster stablecoin bill heading into hearings, and an industry still recovering from banking cracks is making it difficult for traders to price in a clear direction.
The CBDC Ban: A Signal Without Finality A ban through 2030 effectively removes the Fed from the digital currency race for the entire remainder of the decade. For Bitcoin proponents, that could be read as an indirect endorsement: if the government won’t issue a programmable dollar, the private market’s non-sovereign alternatives gain a clearer runway. However, the president’s delay in signing the ban into law undercuts that narrative. It raises the question of whether the executive branch wants to keep the option open, or if this is simply a negotiating tactic down the road. Either way, the ambiguity leaves Bitcoin bulls with a messy signal—not the clean regulatory greenlight they might have hoped for.
Why the July CLARITY Act Hearing Matters The CLARITY Act is widely viewed as the most comprehensive attempt to regulate stablecoins and digital asset markets in the U.S. Its hearing in July will attract intense scrutiny from crypto firms, banks, and international competitors. If the bill advances quickly, it could create a framework that boosts institutional participation. But if partisan gridlock stalls it, the U.S. risks falling further behind other jurisdictions that are moving faster on clear rules.
The Santiment note posed a direct question to Bitcoin bulls: does the policy chaos give reasons for excitement? The answer is far from straightforward. A CBDC ban removes a competitor to decentralized digital assets in the short term, but the lack of a signing suggests the political calculus isn’t settled. Bitcoin’s price has historically responded to regulatory clarity—or the lack of it—with swift moves. Without that clarity, extended sideways trading or sudden breakouts tied to news cycles become more likely. For altcoins tied to stablecoin and DeFi narratives, the CLARITY Act hearing represents a potential catalyst that could unlock or chill innovation depending on how lawmakers proceed.
Despite the gridlock, institutions are not waiting for perfect rules. Tokenized real-world assets crossed $20 billion on-chain last week, with major players settling trades using JPMorgan’s platform, as detailed in a recent tokenization roundup. That momentum suggests capital will find paths to on-chain settlement even if Washington continues to drag its feet. For Bitcoin, the policy fog could amplify its appeal as a hedge against indecision, but the real test will be whether large asset managers and corporates accelerate exposure amid the noise.
The coming weeks will test the market’s patience. A signature or a veto on the CBDC ban, combined with the tone of the CLARITY Act hearing, could swing sentiment sharply. For now, the messy policy picture is a risk factor that even Bitcoin bulls cannot ignore.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Bitcoin and artificial intelligence have become two of the most closely watched investment themes of 2026. Yet recently, the relationship between them has become increasingly uneven.
While major AI companies continue attracting investor capital, Bitcoin has faced renewed selling pressure. The world’s largest cryptocurrency recently slipped toward the $60,000 level as traders redirected funds toward rapidly growing AI opportunities.
This shift has created a new conversation among investors: can a project exist at the intersection of both trends? For many participants, MemeToro ($MT) is emerging as one of the more closely watched attempts to bridge AI innovation with blockchain participation.
Why Bitcoin Has Been Losing Ground Bitcoin remains the dominant asset in crypto, but recent market behavior has highlighted growing competition for investor attention.
Several market observers have noted that capital is increasingly flowing toward artificial intelligence companies and technology-focused opportunities. As a result, some investors are reducing exposure to traditional crypto assets in favor of sectors perceived to offer stronger growth potential.
The divergence has been noticeable.
While major technology indices have posted gains, Bitcoin has struggled to maintain momentum. This trend has contributed to growing caution across the broader digital asset market.
At the same time, leveraged positions have been flushed from the system.
Recent volatility triggered significant liquidations across crypto markets, further reinforcing defensive investor behavior.
The result is a market environment where capital is becoming increasingly selective.
AI Has Become One of the Market’s Strongest Narratives Artificial intelligence is no longer a niche investment theme.
Across both traditional finance and crypto markets, AI-related projects continue attracting attention from developers, venture capital firms, and retail investors. New applications appear almost daily, ranging from automation tools to autonomous decision-making systems.
This growth is helping reshape investor priorities.
Rather than focusing exclusively on speculative assets, many participants are exploring ecosystems connected to technological innovation and practical utility.
Crypto is experiencing the same shift.
Projects built around artificial intelligence continue attracting visibility because they sit at the intersection of several expanding trends.
That environment has helped create strong interest in AI-focused blockchain ecosystems.
Why Some Investors Want Exposure to Both Trends For many investors, choosing between Bitcoin and AI is not necessarily the goal.
Instead, they are looking for opportunities that combine blockchain participation with AI-driven functionality. This is where projects like MemeToro are attracting attention.
Rather than operating as a traditional meme coin, the platform combines artificial intelligence, SocialFi participation, token creation tools, and community engagement within a single ecosystem.
The result is a project positioned inside one of crypto’s fastest-growing sectors while remaining native to blockchain infrastructure.
MemeToro AI Agent: Automating Token Creation via Predictive Analytics MemeToro AI functions as an autonomous creator tool that converts real-time social data into deployable cryptocurrency assets. By continuously processing data from digital communities and news networks, the engine identifies market narratives as they form.
Once a high-probability narrative is selected, the system programmatically generates the complete branding suite, including logos, concepts, and promotional assets.
Every token is launched directly to the market under a fair-distribution model, ensuring no insider allocations or early-access pools exist. Prospective participants can view a complete overview of the token data and visual assets before final deployment.
The native $MT token facilitates access to this automated ecosystem.
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Mark Dow slams Bitcoin maximalists as the cryptocurrency crashes.
Mark Dow is a hedge fund trader who previously served as an economist at the U.S. Treasury and the International Monetary Fund (IMF).
Within the crypto community, he is best known for opening a Bitcoin (BTC) short when the cryptocurrency was trading close to $20,000 in December 2017. It was its highest price range back then, but the economist was skeptical of its surge.
Within a year, Bitcoin crashed to $3,500 and Dow decided to close his short position in December 2018.
“I’m done. I don’t want to try to ride this thing to zero,” he told Bloomberg.
The blockbuster trade turned Dow into a legendary figure within the crypto community. Now, whenever he has something to say about Bitcoin, everyone listens.
Trending on TheStreet Roundtable:Analyst compares Saylor's Strategy to bankrupt crypto companyStandard Chartered predicts 5,000% upside for struggling tokenBlackRock's iconic fund hits new yearly lowDow reacts to latest Bitcoin crashA lot has happened after that monumental trade.
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U.S. President Donald Trump emerged as a prominent voice of Bitcoin as Wall Street also decided to issue exchange-traded funds (ETFs) tied to the cryptocurrency.
Bitcoin eventually hit a new all-time high (ATH) of $126,080 on Oct. 6, 2025. But the flash crash only a few days later led to a downturn from which the cryptocurrency is still trying to recover.
Back in November, Dow reacted to the crash with a dig at maximalists like real estate mogul Grant Cardone, "You know how you know bitcoin is over? Grant Cardone is pitching it in his ads."
As Bitcoin crashed below $60,000 on June 25, he asserted that the high last year was indeed Bitcoin's top. The former economist slammed those who he claimed shill Bitcoin to retail traders and make quick exits themselves.
"No grifter left behind. Remember the ppl who made their bank trying to shill it to you."
As per CoinGlass, Bitcoin positions worth $479 million have been liquidated within the last 24 hours due to the volatile price movement.
Bitcoin was trading at $59,552.91 at the time of writing, as per Decibel.
The history of financial markets often unfolds through the psychological crises of its most exposed players, and the crypto sector has just provided a spectacular illustration. The abrupt reversal of a seasoned bitcoin investor from the Silicon Valley elite exposes the fragility of technological certainties in the face of the brutal economic cycles of the blockchain. As the market goes through a period of severe turbulence, this radical decision echoes the latent doubts of a part of the tech community.
In brief A former Google engineer liquidates his entire bitcoin portfolio after a massive financial loss. He attributes his downfall to excessive leverage and the violent market volatility. Patrick Shyu believes that the decrease in liquidity and mining challenges weaken the future of the Bitcoin network. His spectacular announcement divides observers, who wonder about the real impact of this capitulation. A financial disaster linked to leverage On June 25, Patrick Shyu, a tech sector media personality better known under the nickname “TechLead”, announced the complete liquidation of his crypto portfolio. This former chief engineer at Google and Meta publicly acknowledged his defeat in the face of a market reversal of unprecedented violence through several strong statements :
The admission of his financial collapse : “I sold all my bitcoin and suffered a massive financial loss” ; The surprise at the speed of the crash : “If you had told me a year ago that I would say that on camera, I would have laughed” ; The explicit acknowledgment of his strategic mistakes : “I used excessive leverage. A small mistake led to dramatic consequences”. This financial collapse originates from a poor assessment of volatility and excessive exposure to speculative financing tools. The price of the market’s leading crypto experienced a sharp drop, falling from a historic peak of around 126,000 dollars last October to the 60,000-dollar range this summer, marking what the engineer calls a “50% crash”.
This plunge below the major psychological threshold of 60,000 dollars triggered automatic liquidation mechanisms on his trading positions, wiping out his reserves and turning a technical correction into a dry, definitive loss.
Bitcoin: the structural flaws of a market exit Beyond his own financial failure, Patrick Shyu bases his definitive rejection of bitcoin on structural weaknesses related to the global liquidity of the ecosystem. He explains that the depth of order books has become particularly shallow compared to previous cycles, meaning current market conditions would prevent an orderly evacuation of capital in the event of widespread panic. He believes that exit liquidity for investors is now much thinner than in 2021.
The former Google engineer cites the latent pressure from institutional giants and historic fund repatriations to illustrate this macroeconomic trap. “We are walking on a thin layer of ice”, he warns, pointing to the danger represented by about 35,000 coins held by Mt. Gox creditors and 850,000 tokens owned by the company Strategy. If these entities increase their sales, retail investors will serve, according to him, as simple “exit liquidity”, because “there may not be enough liquidity for everyone to get out”.
The second technical pillar justifying this complete divestment is a fundamental questioning of the long-term economic security model of the protocol. With 95% of the total bitcoin supply already in circulation, the programmed reduction of block rewards for mining companies represents an existential challenge for financing the computing power needed to protect the network.
For security to remain viable, a transition to an economy solely based on level 1 transaction fees is necessary, an evolution in which Shyu no longer believes. He skeptically notes that “the fee economy they are supposed to rely on has not emerged.” In his eyes, if overall costs remain low, mining companies will gradually shut down their machines, weakening resistance to attacks and exposing the network to future technological threats, such as the advent of quantum computing.
A sensational capitulation This announcement cannot be analyzed without a rigorous examination of the influencer’s history, whose spectacular reversals are a trademark on social networks. In the past, Patrick Shyu has multiplied media stunts, alternately claiming that code was dead, that artificial intelligence had definitively won, or organizing fake retreats from his broadcasting platform.
This tendency towards sensationalism leads seasoned observers to dissociate the technical reality of his financial losses from the prophetic scope of his conclusions. Media treatment must recall that staging ruin is a powerful audience driver, which requires a relatively critical distance from the definitive death verdict of the protocol it seeks to impose.
This capitulation should be interpreted with many nuances, as history shows that failure declarations often coincide with major inflection points. Shyu does not surrender to condemning the underlying technology, specifying: “I am still a long-term bullish investor”, while reminding that bitcoin has always managed to regain attention at each cycle’s end.
Seeing a highly exposed tech influencer give up saying the market is “over” is a classic psychological indicator. For observers, this degree of abandonment and extreme pessimism among public figures does not foreshadow an imminent end for bitcoin, but rather resembles, as the engineer paradoxically points out, a bottom market signal.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Members of the XRP community are warning users to be cautious of scam tokens claiming to represent JPYSC on the XRP Ledger.
This comes as Japan’s financial giant, SBI Holdings, officially launched JPYSC, a trust-bank-backed yen stablecoin. The development sparked speculation about whether JPYSC could be issued on XRPL.
Warning Over Fake JPYSC Tokens XRPL validator Vet (Hussein Zangana) cautioned users that JPYSC has not been publicly announced for issuance on the XRP Ledger. So, any token currently using the JPYSC ticker on XRPL should be treated as suspicious.
The warning comes as scammers may try to exploit excitement surrounding the stablecoin. SBI’s long-standing relationship with Ripple and the XRP ecosystem has fueled expectations that JPYSC could interact with XRPL.
Another XRP community member said they have established monitoring systems to track new trustlines from known SBI addresses. The goal is to identify any legitimate issuance activity if it occurs in the future.
JPYSC Launches Within SBI VC Trade Notably, JPYSC went live on June 24 as a trust-type yen stablecoin issued by SBI Shinsei Trust Bank and distributed through SBI VC Trade. The stablecoin was developed jointly with Startale Group and is currently available only to SBI VC Trade account holders.
Unlike many stablecoins operating under Japan’s money transfer regulations, JPYSC is structured as a trust-bank-backed electronic payment instrument. SBI says this framework removes the ¥1 million transaction cap that applies to certain payment products.
For now, JPYSC remains confined to SBI VC Trade accounts. Users cannot withdraw it to external wallets or public blockchains.
SBI Preparing for Public Blockchain Expansion Although transfers are currently restricted, SBI said the technical and operational groundwork for public blockchain circulation has already been completed.
The company stated that once regulatory requirements and tax frameworks are finalized and approved, it plans to enable domestic and international circulation of JPYSC on public blockchain networks.
SBI did not specify which blockchain networks will support JPYSC after the public rollout. As a result, XRP Ledger supporters continue to speculate about a possible future integration.
Because no network has been officially confirmed, community members are urging users to verify issuer addresses before interacting with any token claiming to represent JPYSC.
SBI Targets On-Chain Finance and Tokenization SBI described JPYSC as part of an effort to connect traditional finance with blockchain-based markets. The company outlined several planned use cases once public-chain deployment begins, including:
On-chain foreign exchange markets involving yen and dollar stablecoins Institutional lending and borrowing Settlement of tokenized real-world assets (RWAs) Retail and merchant payments Cross-border remittances OTC and institutional crypto trading SBI Chairman and CEO Yoshitaka Kitao said the migration of financial services onto blockchain networks is “irreversible”. He described JPYSC as an important step toward building Japan’s on-chain financial infrastructure.
Meanwhile, Sota Watanabe said preparations for external wallet transfers and public-chain circulation are already complete. According to Watanabe, the remaining obstacles are primarily regulatory and tax-related.
For XRP investors, the launch has attracted attention because of SBI’s close ties to Ripple. However, no official announcement has linked JPYSC to the XRP Ledger so far.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Binance will delist the IPUSDT and IPUSDC USDT-margined perpetual contracts due to the rebranding of the Story brand.
Per an official announcement, following the rebranding of the Story (IP) brand to Data Network, Binance will automatically liquidate IPUSDT and IPUSDC U-margined perpetual contracts at 17:00 CST (UTC+8) on June 28, 2026, and remove these perpetual contract trading pairs after liquidation concludes. Users are advised to close their positions voluntarily before trading is suspended to avoid automatic settlement of their positions. Starting from 16:30 CST (UTC+8) on June 28, 2026, users will no longer be able to submit new non-reduce-only orders for the aforementioned perpetual contracts. A separate announcement will be released when the new contract goes live.
2 hours ago
Sources: Israeli military withdrawal from Lebanon is an important "red line" for Iran.
Local time on June 25, a source close to the negotiation team said that Israel's withdrawal from Lebanese territory is one of the conditions for a final Iran-US agreement, and is regarded as an important "red line" by Iran's negotiation team. The source further stated that the final memorandum of understanding will guarantee Lebanon's sovereignty and territorial integrity. The agreement text previously reached in Switzerland already emphasized a "conflict resolution mechanism" that is participated in and uniformly implemented by Iran. Iran is currently following up on the specific implementation timeline. (CCTV)
2 hours ago
Apple's stock price fell by 6%, marking its largest decline since April 2025.
According to Bitget's market data, Apple's stock price fell by 6%, marking its largest decline since April 2025.
2 hours ago
Analyst: Bitcoin falls below $60,000, but institutions and whales are not continuing to bet on further declines.
Greeks.live macro researcher Adam posted on X: "Tomorrow is the quarterly expiry, and Bitcoin has dipped below $60,000. As seen in the GEX chart, $60,000 is clearly the highest open interest price point. Meanwhile, large positions are also starting to accumulate at $58,000 and $59,000, signaling rising market risk. Institutional investors and major holders have not continued to bet on a downward move; they are just waiting for the expiry."
2 hours ago
TD Cowen Analyst: SpaceX May Acquire T-Mobile
TD Cowen analysts said SpaceX could acquire T-Mobile to accelerate its wireless communication ambitions if a network sharing agreement cannot be reached. The report points to Starlink’s existing partnership with T-Mobile US as a strategic fit. This idea is purely speculative, but it underscores the growing competitive pressure the space exploration firm faces in the telecom industry.
PANews, June 25 – In the past hour, the crypto contract market saw liquidations of approximately $635 million, of which long positions accounted for roughly $597 million and short positions approximately $38.16 million, with longs making up about 94% of the total, according to CoinGlass. By exchange, Binance recorded around $279 million in liquidations, Hyperliquid about $185 million, and Bybit approximately $80.6 million, predominantly from long-side forced liquidations. By token, BTC had roughly $329 million in liquidations over the past hour, ETH about $140 million, and XRP, SOL, HYPE, and others also saw liquidations in the millions of dollars.
Over the past 24 hours, total liquidations across the network reached approximately $1.457 billion, with about 215,700 traders forcibly liquidated, mostly on the long side.
A newly unveiled climate finance proposal in the United Kingdom has placed the XRP Ledger (XRPL) at the core of a bold model designed to mobilize private capital for renewable energy projects. The plan marks a significant leap toward adopting blockchain infrastructure in institutional finance, catching the attention of both environmental and crypto market circles.
XRPL emerges as preferred blockchain in UK Parliament proposalDrafted by Dr. Chris Cormack and presented to the UK Parliament’s Environmental Audit Committee, the proposal puts forward a finance structure known as Climate Contingent Convertible Notes—or CloCos for short. This model aims to direct private sector funding into clean energy infrastructure with minimal reliance on direct public subsidies.
A standout feature of the proposal is the explicit mention of XRPL as the ideal blockchain to power a potential pilot project involving regulated financial institutions and institutional investors. The XRPL network would serve as a transparent, immutable record-keeping system for every phase of the investment process, from issuance to monitoring, and from triggering events to the deployment of capital.
The proposal states that XRPL has the capacity to meticulously record ownership rights, project performance milestones, investor entitlements, settlement instructions, and the allocation of funds to renewable energy projects, all in an auditable and transparent manner.
Mini glossary: XRPL is an open-source blockchain network associated with the Ripple ecosystem. With its low transaction fees and rapid settlement, XRPL stands out as a record-keeping infrastructure for payments, asset tokenization, and institutional finance applications.
Four-step model targets verified records through XRPLThe proposed funding mechanism unfolds in four steps: issuance, monitoring, triggering, and distribution. XRPL is positioned to offer verifiable tracking for ownership records and project milestones, while also enabling real-time validation of investor rights, payment instructions, and fund deployment to underlying projects.
According to the proposal, this approach would deliver higher levels of transparency and accountability for regulators, issuers, and investors alike. Tokenized ownership and instant verification could raise reporting standards, reduce administrative burdens, and boost investor confidence in the sector.
StageObjectiveXRPL’s functionIssuanceCreation of investment vehicleRecording ownership and entitlementsMonitoringTracking project performanceVerification of milestonesTriggerRecording specific developmentsTransparent documentation of eventsDistributionAllocating capital to projectsProof of fund movementXRPL’s institutional use cases widenThis recommendation signals a shift in blockchain’s role—from a purely technical tool to a practical solution for administering complex financial assets. Key attributes like XRPL’s low-cost settlement, transparent ledger, and real-time verification capabilities have propelled it into the spotlight for institutional applications.
The report also highlights XRPL’s growing presence beyond cross-border payments, noting its visibility in fields like asset tokenization, lending, and institutional finance. Ripple’s Chief Technology Officer, David Schwartz, has also recently named tokenized loans, securities, and repurchase agreements as major avenues for platform growth.
If the proposal moves into a pilot phase, the CloCos model could become one of the most prominent demonstrations of integrating blockchain into climate finance.
Should a pilot program get underway, this framework could further cement XRPL’s evolution from a payment-focused network into a platform capable of supporting large-scale investment securities, tokenized assets, and institutional-grade financial markets.
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.
SBI Group has expanded its footprint in the digital asset space.
The Japanese financial conglomerate has announced the acquisition of Bitbank, the country's third-largest cryptocurrency exchange, for roughly $289 million.
The acquisition will be conducted in several stages. First, a subsidiary of SBI Holdings will buy back Bitbank shares from individual shareholders, which includes the exchange's founder.
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After this, Bitbank will acquire the shares held by corporate shareholders MIXI and Ceres by the end of October.
The exchange will merge with SBI VC Trade, one of its key competitors. Following this, the total number of accounts will surpass 2.9 million.
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The combined assets under management (AUM) are expected to hit roughly 1.1 trillion. This will make it the largest crypto business in the domestic market.
By comparison, major industry competitors like bitFlyer and Coincheck manage roughly 960 billion yen and 800 billion yen, respectively.
Binance Japan and Rakuten Wallet, which leverage their massive corporate ecosystems, will also be left behind.
A win for the XRP ecosystem The deal can be viewed as a win for the XRP ecosystem.
SBI already operates one of the largest XRP holdings outside of the United States.
As reported by U.Today, Ripple and SBI Group jointly announced the official launch of RLUSD, the company's highly regulated stablecoin, after the red-hot asset received regulatory approval from the Japan Financial Services Agency (JFSA).
The RLUSD stablecoin will be available to both institutional and retail users. It will serve as a bridge for payments, tokenization, and collateral management.
Ripple and SBI Group have been collaborating since 2016, so this latest integration does not come as a surprise.
While retail traders track XRP's $1 milestone during a $1.48 billion liquidation storm, monthly Bollinger Bands point to a deeper, technically justified bottom at $0.91.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
While retail investors are holding their breath as they watch XRP's psychological $1.00 threshold, higher timeframes point to an entirely different point of tectonic shift. Against the backdrop of a global storm that has dragged the crypto market's capitalization below $2 trillion, XRP is desperately balancing near $1.03, losing around 4% over the past 24 hours.
However, technical analysis of the monthly chart clearly illustrates that the real battlefield lies lower. The Bollinger Bands indicator on TradingView shows that the actual support level has shifted toward $0.91, stripping the magical $1 figure of its former strength.
Why XRP's real make-or-break level is $0.91, not $1Psychological levels often turn out to be an illusion when a cascade of forced liquidations comes into play. The latest daily liquidation wave of $1.48 billion, according to CoinGlass, which wiped out the positions of 217,000 traders and saw $1.21 billion come from longs, clearly proved this.
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Monthly XRP price chart within Bollinger Bands, Source: TradingViewThe symbol of this collapse was the drama of a major whale using the "0xf79C" wallet on Hyperliquid, who lost $8.42 million in an instant when their BTC longs worth $47.7 million and XRP longs worth $28.5 million were forcibly closed. The overall CoinGlass statistics also point to a total washout of buyers: out of $39 million in total XRP liquidations, almost all of it — $38.8 million — came from bull-side liquidations.
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Under these conditions, holding current positions looks like only a temporary dam. After breaking below the range's middle line at $2.05, XRP is moving by inertia toward its lower historical volatility boundary at $0.91.
If the current pressure from sellers pushes the price below one dollar, it will not be an anomaly, but merely the completion of a technically justified move toward the true bottom, where major players may finally find the long-awaited zone of certainty.
TLDRXRP Ledger Community Flags Fake JPYSC ClaimsJPYSC Remains Limited to SBI VC TradeGet 3 Free Stock Ebooks XRP Ledger validators warned users about fake JPYSC tokens using the stablecoin’s ticker. SBI launched JPYSC on June 24 through SBI VC Trade for account holders only. SBI has not confirmed any JPYSC issuance on the XRP Ledger or other public chains. JPYSC currently cannot move to external wallets or public blockchain networks. SBI said public-chain circulation is ready but still awaits tax and regulatory approval. XRP Ledger (XRPL) validators warned users against fake JPYSC tokens after SBI launched its yen stablecoin. The alert followed claims about a possible XRPL issue. SBI has not confirmed any release.
XRP Ledger Community Flags Fake JPYSC Claims XRPL validator Vet, Hussein Zangana, said SBI has made no public JPYSC issue on XRPL. Therefore, any current JPYSC ticker remains suspicious.
The warning followed the June 24 launch of JPYSC by SBI Holdings through SBI VC Trade. The launch drew attention because SBI has links with Ripple.
Another XRP community member said monitoring tools now track trustlines linked to known SBI addresses. Those systems could help detect official activity later.
Community checks focus on issuer addresses, trustlines, and token metadata on the XRP Ledger. However, validators said users need SBI confirmation before treating any asset as valid.
The alerts target scam tokens that may copy the JPYSC name or ticker. Such tokens can appear quickly on public ledgers because anyone can create assets.
Vet said JPYSC has received no public XRPL announcement from SBI. As a result, he urged users to verify sources before any interaction.
JPYSC Remains Limited to SBI VC Trade SBI launched JPYSC as a yen stablecoin for SBI VC Trade account holders. SBI Shinsei Trust Bank issues the token, while SBI VC Trade distributes it.
The stablecoin came from a joint effort between SBI and Startale Group. It operates as a trust-type electronic payment instrument under Japan’s framework.
SBI said this structure removes the ¥1 million transaction cap applied to some payment products. The company presented JPYSC as a regulated yen stablecoin.
For now, SBI keeps JPYSC inside SBI VC Trade accounts. Users cannot withdraw the token to external wallets or blockchains.
SBI said it has completed technical and operational work for public blockchain circulation. Yet the company still awaits regulatory and tax treatment before transfers.
The company has not named any public chain for JPYSC deployment. Therefore, XRP Ledger links remain unconfirmed despite community speculation.
SBI Chairman and CEO Yoshitaka Kitao called blockchain migration in finance “irreversible.” He described JPYSC as part of Japan’s blockchain finance infrastructure.
Startale founder Sota Watanabe said external wallet transfers are technically ready. He said remaining issues relate mainly to regulation and tax rules.
No SBI statement has connected JPYSC to the XRP Ledger. Community members continue tracking issuer activity while warning users against fake tokens.
XRP is trading just above $1, leaving the token at its weakest price level of the year, but onchain data paints a different picture.
The exchange-held XRP supply continues to fall, Binance withdrawals have exceeded deposits for seven straight days, whale flows are holding positive and spot XRP exchange-traded funds (ETFs) have attracted $243 million in inflows since April.
The improving onchain data points to healthy network positioning, even as XRP continues to search for a price bottom.
XRP supply on exchanges continues to shrinkCrypto analyst Amr Taha noted that Binance's XRP reserve has fallen to its lowest level since March after roughly 100 million XRP left the exchange over the past month. Binance's balance stood at about 2.68 billion XRP on June 25, down from 2.78 billion XRP on May 12, accounting for the largest outflow among major trading platforms.
Other exchanges also posted smaller declines. Upbit's reserve fell to 2.48 billion XRP on June 25 from 2.51 billion XRP on May 31, while Bybit's holdings declined to 82 million XRP from 92 million XRP on June 2. Binance led in absolute outflows, while Bybit recorded the steepest percentage decline.
Taha also highlighted a significant shift in Binance transaction activity. XRP withdrawal transactions have exceeded deposits for seven consecutive days since June 17. The seven-day withdrawal share climbed to 53.8% on June 23, its highest reading since June 2024, while deposits fell to 46.1%, the weakest level since 2024.
XRP daily deposit/withdrawal transactions (%) on Binance. Source: CryptoQuant
The metric tracks transaction count rather than XRP volume. This indicates users are moving coins off Binance more frequently than sending them to the exchange, marking the longest withdrawal-led stretch in roughly a year.
Large XRP holders supported the trend. XRP whale flow on the 90-day moving average has stayed positive throughout the quarter at 5.143 million XRP per day, showing consistent net accumulation by large wallets instead of distribution.
XRP whale flows. Source: CryptoQuant
Institutional demand has also added support. Spot XRP ETFs recorded $2 million in net inflows on June 24, lifting June's total netflows to $31 million. Since April, the total cumulative inflows have reached $243 million.
XRP price approaches a major demand zoneFrom a technical standpoint, the higher-time-frame market structure remains bearish for the altcoin. XRP touched $1.01 on Thursday, its lowest price of 2026, leaving the token close to its first move below $1 since November 2024. The decline has pushed XRP down 43% year-to-date.
The next key area for XRP sits within the fair value gap between $1 and $0.63, an unfilled price gap created during the sharp rally in late 2024 that could attract buying interest if the decline extends in the coming weeks.
Black Swan Capitalist founder Versan Aljarrah continues to focus on the longer-term chart. The analyst said XRP has spent years building a large accumulation range with higher lows on both weekly and monthly timeframes.
XRP/USD, one-month chart analysis by Versan Aljarrah. Source: X
Aljarrah argued that extended consolidations often produce stronger breakout moves once the price eventually breaks out of the range, with the analyst targeting $10, i.e., a 900% increase from the current price.
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
XRP is trading just above $1, leaving the token at its weakest price level of the year, but onchain data paints a different picture.
The exchange-held XRP supply continues to fall, Binance withdrawals have exceeded deposits for seven straight days, whale flows are holding positive and spot XRP exchange-traded funds (ETFs) have attracted $243 million in inflows since April.
The improving onchain data points to healthy network positioning, even as XRP continues to search for a price bottom.
XRP supply on exchanges continues to shrinkCrypto analyst Amr Taha noted that Binance's XRP reserve has fallen to its lowest level since March after roughly 100 million XRP left the exchange over the past month. Binance's balance stood at about 2.68 billion XRP on June 25, down from 2.78 billion XRP on May 12, accounting for the largest outflow among major trading platforms.
Other exchanges also posted smaller declines. Upbit's reserve fell to 2.48 billion XRP on June 25 from 2.51 billion XRP on May 31, while Bybit's holdings declined to 82 million XRP from 92 million XRP on June 2. Binance led in absolute outflows, while Bybit recorded the steepest percentage decline.
Taha also highlighted a significant shift in Binance transaction activity. XRP withdrawal transactions have exceeded deposits for seven consecutive days since June 17. The seven-day withdrawal share climbed to 53.8% on June 23, its highest reading since June 2024, while deposits fell to 46.1%, the weakest level since 2024.
XRP daily deposit/withdrawal transactions (%) on Binance. Source: CryptoQuant
The metric tracks transaction count rather than XRP volume. This indicates users are moving coins off Binance more frequently than sending them to the exchange, marking the longest withdrawal-led stretch in roughly a year.
Large XRP holders supported the trend. XRP whale flow on the 90-day moving average has stayed positive throughout the quarter at 5.143 million XRP per day, showing consistent net accumulation by large wallets instead of distribution.
XRP whale flows. Source: CryptoQuant
Institutional demand has also added support. Spot XRP ETFs recorded $2 million in net inflows on June 24, lifting June's total netflows to $31 million. Since April, the total cumulative inflows have reached $243 million.
XRP price approaches a major demand zoneFrom a technical standpoint, the higher-time-frame market structure remains bearish for the altcoin. XRP touched $1.01 on Thursday, its lowest price of 2026, leaving the token close to its first move below $1 since November 2024. The decline has pushed XRP down 43% year-to-date.
The next key area for XRP sits within the fair value gap between $1 and $0.63, an unfilled price gap created during the sharp rally in late 2024 that could attract buying interest if the decline extends in the coming weeks.
Black Swan Capitalist founder Versan Aljarrah continues to focus on the longer-term chart. The analyst said XRP has spent years building a large accumulation range with higher lows on both weekly and monthly timeframes.
XRP/USD, one-month chart analysis by Versan Aljarrah. Source: X
Aljarrah argued that extended consolidations often produce stronger breakout moves once the price eventually breaks out of the range, with the analyst targeting $10, i.e., a 900% increase from the current price.
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
XRP (CRYPTO: XRP) is approaching the psychologically important $1 support as pro-XRP lawyer Bill Morgan argues Ripple is releasing tokens from escrow too slowly.
Why Morgan Wants Ripple To Speed Up Escrow ReleasesRipple locked 55 billion XRP into escrow back in 2017 to give the market predictable visibility into future supply.
One billion XRP unlocks on the first of every month, and Ripple decides how much to deploy versus re-lock into new escrow contracts at the back of the queue.
After the June 1 unlock, roughly 61.85 billion XRP sits in circulation against 38.15 billion still locked, a pace some estimates suggest could take nearly nine years to fully distribute.
“Ripple should release more of the 1 billion each month and not lock so much back in escrow,” Morgan wrote on X.
“The sooner it is all released from escrow and the circulating supply is 100%, the quicker XRP will become the best hard money.”
His argument centers on supply transparency, not burning tokens, which Ripple has explicitly rejected. He believes a fully circulating supply removes the pricing uncertainty that scheduled future releases create.
Ripple’s own position has historically favored the opposite approach, framing escrow predictability as a feature that institutional partners specifically value since it lets counterparties model future supply without surprises.
XRP Failed The Same Support Zone TwiceXRP on Thursday wicked below $1.01 before bouncing slightly, breaking decisively through the demand zone between $1.08 and $1.11 that had capped both the June 5 lows and a mid-June test.
Failing that zone for a second time marks a serious structural breakdown rather than a routine dip.
Price is trading well outside the lower Bollinger Band at $1.0487, confirming an extreme, stretched move, while the SAR remains deep overhead at $1.2790.
The descending trendline from May’s $1.55 peak continues to reject every recovery attempt.
XRP sits down 52.64% over the past 12 months, with the November 2025 death cross still fully intact across the 20-day, 50-day, and 200-day moving averages.
Reclaiming the $1.08 to $1.11 zone restarts a recovery attempt toward $1.1398. Losing the $1.00 psychological level opens air toward $0.90, then $0.80.
Image: Shutterstock
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Japanese financial giant SBI Group has announced a significant expansion in its digital asset operations, revealing plans to acquire Bitbank, the country’s third-largest cryptocurrency exchange, for approximately $289 million. The transaction will unfold in multiple stages, culminating with Bitbank merging into SBI’s key crypto platform, SBI VC Trade.
Acquisition to proceed in phasesAccording to the plan released by SBI, an affiliate under the umbrella of SBI Holdings will first buy back Bitbank shares from individual stakeholders, including the exchange’s founder. Following this, Bitbank is set to acquire shares from institutional partners MIXI and Ceres by the end of October.
Bitbank has established itself as one of the leading crypto exchanges in Japan’s digital asset landscape. Meanwhile, SBI Group acts as a major financial institution in the country, with a broad portfolio spanning banking, securities, insurance, and digital assets.
Industry leadership targeted post-mergerOnce the acquisition and merger are completed, SBI Group intends to combine Bitbank with SBI VC Trade. This integration is expected to bring the combined number of customer accounts to over 2.9 million, with total assets under custody projected to reach approximately 1.1 trillion yen.
After the merger between Bitbank and SBI VC Trade, the customer base is anticipated to surpass 2.9 million and assets under management are forecast to climb to nearly 1.1 trillion yen.
If achieved, these figures would make the new entity the largest player in Japan’s crypto market. For context, bitFlyer currently oversees assets worth around 960 billion yen, while Coincheck manages about 800 billion yen. Reports also indicate that other major players like Binance Japan and Rakuten Wallet may fall behind at this scale, despite their robust institutional networks.
Key links to XRP and RLUSDThe deal is drawing particular attention within the XRP community. SBI is known to hold one of the largest XRP reserves outside the United States, making this acquisition and subsequent merger noteworthy in the context of its longstanding ties with Ripple.
Previously, Ripple and SBI Group jointly announced the official launch of RLUSD, a stablecoin subject to stringent regulatory standards. This milestone followed authorization by Japan’s Financial Services Agency. RLUSD is designed for both institutional and retail users, serving as a bridge for payments, tokenization, and collateral management.
Mini glossary: RLUSD is a stablecoin developed by Ripple that aims to preserve a one-to-one value with fiat currency. Tokenization refers to the process of converting real-world assets or financial rights into digital representations on a blockchain.
The collaboration between Ripple and SBI Group dates back to 2016. As such, this latest integration and acquisition move is seen as the continuation of a long-standing partnership between the two companies.
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.
As selling pressure continues across the cryptocurrency market, XRP is struggling to stabilize just above the critical 1 dollar threshold—a level closely monitored by investors. In an environment where the total global market cap has slipped below 2 trillion dollars due to a widespread downturn, XRP has fallen roughly 4 percent over the past 24 hours, currently trading near 1.03 dollars.
Key support emerges on the monthly chartA look at longer timeframes tells a different story than the short-term focus on 1 dollar. According to TradingView data, the Bollinger Bands now suggest the main support zone for XRP has shifted down to 0.91 dollars. This scenario indicates the psychological power around the 1 dollar mark has weakened, putting more emphasis on the technical levels that have formed over the monthly chart.
Mini glossary: Bollinger Bands are a technical indicator used to trace price volatility and identify potential support and resistance areas. The lower band often acts as the boundary prices may touch during sharp selloffs.
XRP—featured in this news—is the digital asset used for cross-border payments within the Ripple ecosystem. The key takeaway from the analysis is that technical boundaries on monthly timeframes may ultimately prove more influential than short-term psychological levels.
The true battleground for XRP appears to be not at 1 dollar, but at the 0.91 dollar level highlighted by the Bollinger Bands on the monthly chart.
Liquidations amplify downward pressureOne of the main forces behind the sharp market movement has been a major wave of liquidations in the derivatives segment. According to CoinGlass data, a total of 1.48 billion dollars’ worth of positions were wiped out during the last daily move. This liquidation wave hit 217,000 traders, with 1.21 billion dollars of those positions coming from the long side.
XRP investors were hit particularly hard. Of the total 39 million dollars in XRP liquidations, a staggering 38.8 million came from bullish positions—making evident just how much buying power weakened during the latest selloff.
IndicatorDataXRP price1.03 dollars24 hour change4 percent dropMonthly chart support0.91 dollarsTotal daily liquidations1.48 billion dollarsXRP liquidations39 million dollarsAnother clear sign of selling pressure came from the actions of a large investor operating with the 0xf79C wallet on Hyperliquid. This trader was forced to close long positions worth 47.7 million dollars in BTC and 28.5 million dollars in XRP, suffering overall losses totaling 8.42 million dollars.
CoinGlass data reveals that nearly all of the 39 million dollars liquidated in XRP came from long positions, highlighting the sharp loss of confidence among buyers.
A move below 1 dollar is on the tableAccording to the analysis, once XRP dropped beneath the mid-range level of 2.05 dollars—previously seen as a key median—the price has geared towards the lower band set at 0.91 dollars, a historically significant volatility boundary. In this context, the current price levels may represent only a temporary support rather than a lasting floor.
If selling continues, falling below the 1 dollar level should not come as a technical surprise. Analysts say such a move would reflect a correction down to the real support area highlighted on the monthly chart, potentially resetting market dynamics for XRP going forward.
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.
Ripple has appeared on the doorsteps of American lawmakers as part of its effort to push the passage of the Clarity Act.
San Francisco-headquartered company, which is known for its association with the XRP cryptocurrency, has launched a mobile campaign in the capital with a branded "Clarity truck" to lobby Congress (as shown in the X post below).
On the road to clarity - literally!
Ripple's Clarity truck is out in D.C. as Congress works on the Clarity Act, which creates clear rules for digital assets and crypto.
Clear rules help protect consumers, support responsible innovation, and keep the U.S. competitive pic.twitter.com/FGdTHVguPl
— Lauren Belive (@BeliveLauren) June 25, 2026 The timing is crucial, given that legislators keep mulling over the major regulatory framework for cryptocurrency.
Lauren Belive, the head of the U.S. Public Policy at Ripple, has quipped that the company is "on the road to clarity—literally!" The exec has stressed that clear crypto rules will be beneficial for consumers and American competitiveness.
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The massive Senate hurdle The passage of the Clarity Act, which aspires to resolve years of regulatory uncertainty, appears to be less likely with each passing day. As of today, Polymarket bettors see only a 43% chance of the bill being signed into law this year.
The Clarity Act cleared the House with strong bipartisan support back in July, but it has struggled to pass the upper chamber.
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Negotiations stalled over unresolved ethics and conflict-of-interest provisions. Senate Democrats were reportedly left frustrated by the lack of cooperation.
Moreover, there are disagreements over DeFi platforms as well as stablecoin yield and rewards (the most contentious issue).
So far, no Senate floor vote has been scheduled. The Republicans have to secure at least seven Democratic votes to overcome a filibuster.
The Senate is scheduled to head to its July 4 recess on June 27.
Analysts view early to mid-August as the practical deadline for the bill to pass the Senate.
Ripple previously supported the imperfect legislative effort despite some opposition from the broader industry, stating that clarity is better than chaos.
According to the latest market outlook shared by analyst Diana, the key driver for a potential rise in XRP toward the $50 mark is not regulatory developments, but rather whether demand will consistently surpass supply. Diana notes that the longstanding theme of legal uncertainty in the market has lost much of its influence, and that from now on, it is critical to see if new buyers can absorb the amount of XRP entering circulation.
Regulatory concerns take a back seatFor a long time, regulatory uncertainty was seen as the main obstacle facing XRP. The general expectation in the market was that greater legal clarity would boost institutional adoption and deliver a powerful upward effect on the price. However, Diana argues that this period is largely over, and that the primary challenge ahead now relates to how quickly the supply entering the market—driven by investor selling, releases from escrow, and profit-taking—can be matched or exceeded by new demand.
XRP’s future centers on a single question: Can new market demand permanently match or exceed existing supply?
In Diana’s model, the growth process unfolds in three phases: Permission, Propulsion, and Premium. The first phase, Permission, focuses on institutional access. Key elements here include regulatory recognition, custody infrastructure, banking integration, compliance frameworks, and exchange-traded products.
According to Diana, XRP has already cleared several vital hurdles on this front. The analysis highlights recognition as a commodity by the CFTC, assets under management in spot XRP ETFs surpassing $1 billion, and preliminary greenlights from the OCC as notable milestones. Still, outstanding issues remain, including the lack of clarity on the CLARITY Act and the Federal Reserve master account.
Demand and utility take center stage for price trajectoryThe second phase, Propulsion, hinges on direct capital inflows. Growth in ETFs, institutional accumulation, and capital rotation from other assets like Bitcoin play decisive roles in this stage. Diana suggests that, if a substantial portion of the circulating supply is withdrawn from the market and persistent demand on this scale emerges, it could support an XRP price range of $5 to $10.
According to the framework, the next major price cycle in XRP will hinge more on ongoing demand consistently exceeding supply than on regulatory milestones.
Beyond investment-driven inflows, utility-driven demand is expected to come to the fore. Factors such as wider RLUSD adoption, increased activity on the XRP Ledger, corporate balance sheet demand, and rising transaction volumes could create the economic foundation for XRP to fluctuate in the $10 to $15 range.
Glossary: The XRP Ledger refers to the distributed ledger infrastructure underlying XRP’s operations. RLUSD is Ripple’s US dollar-pegged stablecoin initiative and is mentioned as one of the elements driving utility-driven demand in this report.
The most ambitious scenario: a jump to $15–$50The final phase, Premium, presents the most ambitious outlook. In this scenario, for XRP to reach the $15 to $50 range, it would need to acquire a monetary premium similar to gold or Bitcoin, be recognized as a strategic reserve asset, firmly establish itself as a global liquidity solution, and become an integral component of international financial infrastructure.
According to CoinCodex data, XRP was trading at $1.07 when the report was released. Diana’s framework underscores that the future trajectory largely hinges on a single economic equilibrium: if market demand consistently and substantially exceeds the available supply, moving from the Permission to the Propulsion phase could mark the beginning of a new growth cycle for XRP.
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.
XRP briefly touched $1.00 on Thursday before bouncing back, and the crypto community is as divided as it has ever been. One camp says this is the beginning of the end. The other says a historic repricing event is just weeks away. The truth, as it often is in crypto, sits somewhere in the middle and the CLARITY Act may be the moment that starts to clarify which side is closer to right.
The Repricing Argument
Grayscale’s head of research recently outlined a scenario that has been circulating widely among XRP investors. If the CLARITY Act passes and regulatory certainty arrives for digital assets, Grayscale sees a genuine case for XRP to be repriced across the market.
“I think we would see a repricing across a range of assets, certainly including XRP,” the Grayscale executive said, pointing to strong demand for Grayscale’s own XRP product as evidence that institutional interest has not disappeared despite the price weakness.
He added that clarifying questions around XRP’s long-term token supply outlook could unlock additional value, and that reducing future token inflation would have a meaningfully positive effect on price.
The CLARITY Act passed the Senate Banking Committee in May with a bipartisan 15 to 9 vote and is now on the Senate Legislative Calendar awaiting a full floor vote. The White House has been pushing hard for passage before the August recess, which leaves a narrow window of legislative days remaining.
Where XRP Actually Stands
XRP has fallen from $1.70 to $1.00 over recent weeks, a correction that fits the historical pattern of bear market lows in previous cycles. The token has dropped approximately 70% from its all-time high of $3.65, consistent with the 75% drawdowns seen in the 2018 and 2022 bear markets before major recoveries followed.
The current price action reflects a broader market under extreme stress. The Fear and Greed Index sits at 16. Bitcoin is testing multi-month lows below $60,000. Total crypto market cap is approaching the $2 trillion level that many view as critical support. In this environment, XRP holding $1.00 as a psychological floor matters more than it might in calmer conditions.
The Cycle Argument
Veteran crypto analysts who called the October 2025 market top based on four-year cycle timing are now pointing to the same framework to argue that a bottom is forming. Every bull market in Bitcoin’s history has been followed by a 50% to 77% drawdown before the next cycle began. The current drawdown at approximately 51% from the Bitcoin peak sits well within the historical range for a cycle low.
The pattern that preceded previous XRP recoveries is also forming. The 90% of retail investors who bought near the top and are now sitting on losses represent the capitulation phase that historically marks the most attractive entry points. The 10% who accumulate during maximum fear are the ones positioned to benefit when the cycle turns.
What the CLARITY Act Could Mean
The CLARITY Act would establish clear legal boundaries between the SEC and CFTC over digital asset jurisdiction for the first time in American history. For XRP specifically, which spent four years fighting the SEC before winning a landmark ruling that it is not a security, regulatory clarity at the legislative level removes the last remaining legal overhang and opens the door to institutional capital that has been sitting on the sidelines waiting for exactly this kind of certainty.
Whether that translates into an immediate repricing depends entirely on whether Congress delivers before the August recess. The window is narrow. The stakes for XRP and the broader crypto market are significant.
Story Ends Here
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The XRP Ledger ($XRPL) has flipped Ethereum as the primary host for $RLUSD supply for the first time since the stablecoin launched. On-chain data cited by @BSCNews shows $801M in $RLUSD sitting on the XRP Ledger, compared to $795M on Ethereum, marking a narrow but historically significant shift in how Ripple's flagship regulated stablecoin is distributed across networks.
A Long Road to the Top The turnaround has been dramatic. By October 2025, approximately 88% of all RLUSD supply sat on Ethereum, with just $91 million on the XRP Ledger. The gap closed steadily from there. Q1 2026 was the first quarter in which RLUSD grew by more on the XRPL (plus $105.4 million) than on Ethereum (plus $15.2 million), signalling that the momentum had genuinely shifted. By June 2026, XRPL stablecoin supply reached $762M, largely driven by RLUSD, before the latest on-chain figures pushed it past the Ethereum figure for the first time.
The initial Ethereum dominance was driven largely by that network's deeper DeFi ecosystem. Ripple added RLUSD to Aave in 2025, helping boost adoption among Ethereum users, while platforms such as Curve and Morpho also supported RLUSD, giving the stablecoin more visibility and utility. Those integrations kept a large portion of supply anchored on Ethereum for most of the stablecoin's early life.
What Is Driving XRPL's Gain RLUSD's strategic advantage on the XRPL is its integration across Ripple's financial products, which provide immediate access for regulated institutional enterprise use in payments, treasury management, prime brokerage, and custody. This allows RLUSD supply to grow from real institutional demand rather than just exchange liquidity. The majority of RLUSD holders are also on the XRPL, with 46,209 on the network compared to 7,821 on Ethereum at Q1 2026 close.
The broader XRPL ecosystem has also been expanding rapidly. The XRPL closed Q1 2026 with an all-time high real-world asset (RWA) market cap of $2.25 billion, up 124% quarter-over-quarter, making it the seventh largest network by RWA market cap. A key institutional proof point came in May 2026 with a tokenized US Treasury redemption pilot involving Ondo Finance, JPMorgan Kinexys, Mastercard, and Ripple, completing a cross-border transaction in 4.2 seconds.
RLUSD is natively issued on both the XRP Ledger and Ethereum blockchains and is fully backed by a segregated reserve of cash and cash equivalents, redeemable 1:1 for US dollars. The stablecoin is regulated under a New York Department of Financial Services trust charter, a compliance posture that has helped attract institutional counterparties to both chains. Whether XRPL can hold and extend this lead over Ethereum's entrenched DeFi liquidity base remains to be seen, but the milestone itself marks a meaningful shift in how Ripple's native infrastructure is being used.
Sources:
Messari: State of XRP Q1 2026
Ripple: RLUSD Stablecoin Official Page
Yahoo Finance: XRPL Ripple Stablecoin Supply Surges to $762M
So far, 2026 has been an interesting year for crypto VC funding. After dropping significantly in Q1, funding has recovered strongly. In May alone, crypto projects raised over $3.52 billion. Unsurprisingly, the majority of these fundings are being directed to AI-based ventures.
Canopy Network is one such project that successfully attracted investors with its AI pivot. The project has raised $8.5 million in seed funding for its AI-native blockchain development.
The Panama City-based project is developing a framework built to help founders, developers, and coding assistants create onchain applications with far less engineering overhead. The funds will support the mainnet launch, engineering hires, and continued work on developer experience and AI-native tooling.
The company also acquired Tanssi technology, a decentralized protocol for deploying customized apps on blockchains in minutes. Arrington Capital, Fenbushi Capital, Borderless Capital, and SNZ Capital joined Canopy as key stakeholders through the acquisition, bringing more investor backing around the project’s next phase.
AI-Native Development Brings Builders Closer to Launch Canopy is designed to help people build blockchain apps with less technical work.
A founder could describe an app idea, such as a loyalty program, rewards platform, or onchain marketplace, then use Canopy to turn it into working code with help from AI coding tools. The code remains readable, so developers can review, edit, and improve it as the product grows.
Because the output is code, teams can extend or upgrade their applications over time. The same code can be read by human developers, giving founders a faster path from idea to deployed application.
Liposky said Canopy is “opening blockchain development to an entirely new audience of builders.”
Keli Callaghan, Partner at Arrington Capital, said Canopy’s combination of templates, security, interoperability, and a complete development framework gives builders a faster route from idea to launch.
“Builders can move from idea to launch in a fraction of the time,” Callaghan said.
Tanssi Technology The Tanssi acquisition gives Canopy some of the blockchain infrastructure it needs before mainnet.
In simple terms, Tanssi was built to help teams launch their own app-specific blockchains without starting from zero. It gave builders a dashboard to set up a chain, manage tokens, fund block production, and bring the network online from one place.
This was important for Canopy as its pitch depends on speed. AI tools can help generate an app, but the app still needs blockchain infrastructure to run. Tanssi gives Canopy parts of that back-end system, including tools for appchain deployment, block production, and links to Ethereum.
The deal, announced on June 3, 2026, includes Tanssi’s core technology. That covers its appchain control panel, its sequencer system for producing blocks, and its Snowbridge-based Ethereum bridge for cross-chain communication.
Canopy plans to fold this technology into its own development framework. The standalone Tanssi network was expected to wind down over 30 days after the announcement.
Testnet Activity Canopy’s public testnet has produced strong early activity. Builders launched nearly 27,000 projects during the first 12 days, and total launches have since surpassed 331,000.
The numbers point to demand from founders and developers seeking faster ways to create onchain products through AI-assisted tools.
Canopy’s near-term focus is mainnet, while its long-term roadmap centers on an integrated environment where non-technical founders can create, deploy, and upgrade applications from one place.
BlackRock remains affected by the consistent outflows witnessed across both the Bitcoin and Ethereum ETF markets, and has continued to offload large amounts of its holdings.
In a familiar move showcased by blockchain monitoring platform Lookonchain, BlackRock has deposited another 3,410 BTC and 5,132 ETH to Coinbase Prime in multiple transfers spotted on Thursday, June 25.
BlackRock dumps crypto non-stopThe data further revealed that the Bitcoin and Ethereum transfers were worth $209.64 million and $8.43 million, respectively, per the assets' prices at the time of the transactions.
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The total deposits happened in a series of about seven separate transfers, with nearly all of them carrying 300 BTC each, while only one separate transfer moved Ethereum to the Coinbase wallet.
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While this transfer happened at a time when the broader crypto market is facing downside pressure, market watchers fear that the move from BlackRock could further fuel the ongoing volatility.
Did BlackRock actually sell?Although BlackRock did not clarify the reason it has continued to offload large stashes of its Bitcoin and Ethereum holdings on Coinbase, the transfers have triggered speculation across the market, with traders interpreting them as potential attempts to sell.
It is important to note that deposits to Coinbase Prime or other crypto exchanges do not necessarily confirm an immediate sale. However, investors have become suspicious of BlackRock's frequent deposits, as the timing of the transfers has intensified concerns and signals that BlackRock might actually be selling.
This is more apparent, as the company has been found to sell only when its ETF products record withdrawals during their daily trading sessions.
Many altcoins have collapsed by up to 5% in the past hour alone.
It’s another painful day in the cryptocurrency markets, especially for the altcoins. Ethereum, which traded at roughly $1,800 just over a week ago, tumbled toward $1,500, but it’s yet to break its negative June record, at least for now.
In contrast, Ripple’s XRP has been at the forefront of the latest declines. The token plunged to just over $1.00 minutes ago, which became its lowest price tag since late 2024.
Analysts, even those who have been predominantly bullish on XRP’s future price trajectory, have warned that the asset could unravel if it decisively loses the psychologically important $1.00 level.
CasiTrades, for example, warned that the token could drop to a low of $0.87 before it rebounds. Ali Martinez was even more bearish, outlining targets of below $0.70 and all the way down to $0.15 in a very extreme scenario.
Many other altcoins have posted similar losses in the past hour alone. SOL is down by over 3.5%, ZEC has plunged by 4%, while ADA is close to breaking below $0.14 after a 3.7% drop.
Naturally, the liquidations have skyrocketed given this enhanced volatility, especially since BTC broke below $59,000 and plummeted to $58,000.
Expectedly, BTC is responsible for the lion’s share. Over $320 million worth of longs have been wiped out in the past hour alone. ETH follows suit with nearly $140 million, while XRP is third with just over $40 million – all from longs.
You may also like: Déjà Vu: Bitcoin Tumbles Below $59K as Strategy’s MSTR Crumbles Again Prediction: Bitcoin Could Bottom Between $42K and $44K This Year Brutal Bitcoin Liquidation Cascade Imminent Below $59K, Warns Analyst In total, the liquidations are up to $630 million in the past hour, and $600 million is from longs. The total value for the past day is $1.5 billion, with $1.22 billion from longs.
Binance will delist the IPUSDT and IPUSDC USDT-margined perpetual contracts due to the rebranding of the Story brand.
Per an official announcement, following the rebranding of the Story (IP) brand to Data Network, Binance will automatically liquidate IPUSDT and IPUSDC U-margined perpetual contracts at 17:00 CST (UTC+8) on June 28, 2026, and remove these perpetual contract trading pairs after liquidation concludes. Users are advised to close their positions voluntarily before trading is suspended to avoid automatic settlement of their positions. Starting from 16:30 CST (UTC+8) on June 28, 2026, users will no longer be able to submit new non-reduce-only orders for the aforementioned perpetual contracts. A separate announcement will be released when the new contract goes live.
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Local time on June 25, a source close to the negotiation team said that Israel's withdrawal from Lebanese territory is one of the conditions for a final Iran-US agreement, and is regarded as an important "red line" by Iran's negotiation team. The source further stated that the final memorandum of understanding will guarantee Lebanon's sovereignty and territorial integrity. The agreement text previously reached in Switzerland already emphasized a "conflict resolution mechanism" that is participated in and uniformly implemented by Iran. Iran is currently following up on the specific implementation timeline. (CCTV)
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Analyst: Bitcoin falls below $60,000, but institutions and whales are not continuing to bet on further declines.
Greeks.live macro researcher Adam posted on X: "Tomorrow is the quarterly expiry, and Bitcoin has dipped below $60,000. As seen in the GEX chart, $60,000 is clearly the highest open interest price point. Meanwhile, large positions are also starting to accumulate at $58,000 and $59,000, signaling rising market risk. Institutional investors and major holders have not continued to bet on a downward move; they are just waiting for the expiry."
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TD Cowen analysts said SpaceX could acquire T-Mobile to accelerate its wireless communication ambitions if a network sharing agreement cannot be reached. The report points to Starlink’s existing partnership with T-Mobile US as a strategic fit. This idea is purely speculative, but it underscores the growing competitive pressure the space exploration firm faces in the telecom industry.
Ethereum bearish structure extended. The altcoin breached the $1.7k support and fell below $1.6k, to a low of $1.5k before rebounding.
ETH last dropped to such levels two weeks ago, erasing even the slightest gains made in June. As of this writing, Ethereum traded at $1651, down 1.68%, adding to its 4% weekly decline.
With Ethereum experiencing a strong downtrend, it seems some whales have not only panicked but also capitulated.
Ethereum whales dump 19,441 ETH for $31 million As Ethereum dropped to $1.5k, whales reduced their exposure to manage their losses. According to Arkham data, a whale deposited 6,855.13 ETH into Binance worth $11.02 million.
These tokens were accumulated in February and March this year at an average price of $1,991. At press time, ETH traded significantly below its purchasing price.
Therefore, exiting at the current levels, the whale will take a $2.62 million loss. The whale selling at a loss signals a lack of market confidence and fears of more losses.
Source: Arkham Additionally, another whale returned after six years of dormancy and began selling his ETH holdings.
An Ethereum ICO participant returned after six years and began selling. Arkham data showed that the whale has sold 12,586 ETH for $20.59 million at an average price of $1,636.
The address still holds 15,000 ETH worth $24.29 million and is likely to continue selling. Combined, these two whales dumped 19,441 ETH worth approximately $31.6 million.
Market under intense pressure With Ethereum whales aggressively dumping, their sell-side activity is heavily felt in the market. On the 24th of June, for example, Exchange Netflow skyrocketed to 90.3k then dropped to -20k at press time.
Source: CryptoQuant The jump in Netflow suggested that a significant number of traders deposited their assets to sell. As a result, the supply available for immediate selling ballooned.
According to Cryptoquant data, Ethereum’s Exchange Supply Ratio climbed to a three-week high of 0.124. A rising ESR implies reduced scarcity, a clear sign of increased selling activity.
Source: CryptoQuant Historically, such market behavior has preceded a market downturn, leading to further losses. In fact, the altcoin’s Relative Strength Index [RSI] dropped deeper to 33 before rising to 37 at press time.
Source: TradingView With the RSI making a bearish crossover, it confirmed intense selling pressure, with bears strongly dominating the market. Such market power dynamics usually result in more losses on price charts.
Therefore, if prevailing market conditions persist, ETH is likely to drop below $1.6k, with $ 1,500 as critical support.
However, if overall crypto market sentiment improves, the rebound from the $1.5k slip will hold, and $1740 will be reclaimed.
Ethereum whales panicked and dumped 19,441 ETH worth approximately $31.6 million. ETH dropped to a low of $1.5k before slightly rebounding amid strong downside momentum.
In brief Prediction market traders think Bitcoin and Ethereum are headed even lower as markets sell off. Traders now strongly favor dumps to $55,000 for BTC and $1,500 for ETH before any rebounds. The market's near-term fate may hinge on the performance of STRC, the preferred equity offering from Bitcoin behemoth, Strategy, according to one analyst. Prediction market traders are becoming increasingly bearish on near-term price action for Bitcoin and Ethereum, expecting downwards momentum to carry them further downwards towards $55,000 and $1,500, respectively.
Traders on Myriad—a prediction market platform operated by Decrypt’s parent company, Dastan—place odds of a Bitcoin dump to $55,000 before a rise to $80,000 at 77%, and odds of an Ethereum drop to $1,500 before a jump to $3,000 at 88% as markets sell off on Thursday.
The bearishness has been accelerating over the course of the last month, with odds of Bitcoin’s dump to $55,000 jumping 44% on Myriad in that time. As it stands, Bitcoin has fallen to $59,511, around a 1% drop in the last 24 hours and now 23% in the last month of trading. Bitcoin dipped to nearly $58,000 earlier Thursday, its lowest price since 2024.
The plunge is being amplified in traditional markets as well, as shares in Strategy (MSTR), Bitcoin’s leading treasury firm, have fallen even further, dropping nearly 7% since trading opened on Thursday to change hands around $88.
Shares in the firm have now fallen nearly 45% in the last month, while STRC—its preferred equity offering that is designed to trade around a par value at $100—is now down 22% in the last month, recently trading around $77. STRC touched an all-time low of $73.62 soon after the opening bell on Thursday.
“On a short-term basis, STRC is the tail wagging the Bitcoin dog,” Bitwise CIO Matt Hougan told Decrypt.
“While there are also macro factors at work—rising concerns about inflation, worries about rate hikes, etc.—the market can't keep its eyes off STRC trading in the $70s,” he added. “It's worried Strategy will enter some kind of death spiral and be forced to sell Bitcoin. This pressure will likely continue until Strategy clarifies how it plans to deal with the issue.”
As the market projects its fears into prices, analysts have noted that the firm’s best path forward may be shoring up its cash position, providing it more runway to pay dividend obligations, ultimately easing shaky investors.
The second-largest crypto asset has not been spared, with Ethereum sinking to $1,576—a drop of 2.6% in the last 24 hours, fueling a more than 25% plunge in the last 30 days. At its current mark, ETH sits just 5.2% above its resolution point of $1,500 on Myriad. According to Hougan, ETH is “mostly caught in the crossfire” as “collateral damage” amid the STRC concerns.
Traders on other prediction market platforms are similarly pointing to more long-term bearishness on top crypto assets, as well. Kalshi markets that ask how low Bitcoin and Ethereum will go during 2026 give BTC a 36% chance of falling below $40,000, plus a 34% chance of ETH falling below $1,000.
Bitcoin is currently nearly 53% off its all-time high of $126,080 set last October. Meanwhile, ETH is more than 68% off its all-time high of $4,946 from last August.
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In brief Prediction market traders think Bitcoin and Ethereum are headed even lower as markets sell off. Traders now strongly favor dumps to $55,000 for BTC and $1,500 for ETH before any rebounds. The market's near-term fate may hinge on the performance of STRC, the preferred equity offering from Bitcoin behemoth, Strategy, according to one analyst. Prediction market traders are becoming increasingly bearish on near-term price action for Bitcoin and Ethereum, expecting downwards momentum to carry them further downwards towards $55,000 and $1,500, respectively.
Traders on Myriad—a prediction market platform operated by Decrypt’s parent company, Dastan—place odds of a Bitcoin dump to $55,000 before a rise to $80,000 at 77%, and odds of an Ethereum drop to $1,500 before a jump to $3,000 at 88% as markets sell off on Thursday.
The bearishness has been accelerating over the course of the last month, with odds of Bitcoin’s dump to $55,000 jumping 44% on Myriad in that time. As it stands, Bitcoin has fallen to $59,511, around a 1% drop in the last 24 hours and now 23% in the last month of trading. Bitcoin dipped to nearly $58,000 earlier Thursday, its lowest price since 2024.
The plunge is being amplified in traditional markets as well, as shares in Strategy (MSTR), Bitcoin’s leading treasury firm, have fallen even further, dropping nearly 7% since trading opened on Thursday to change hands around $88.
Shares in the firm have now fallen nearly 45% in the last month, while STRC—its preferred equity offering that is designed to trade around a par value at $100—is now down 22% in the last month, recently trading around $77. STRC touched an all-time low of $73.62 soon after the opening bell on Thursday.
“On a short-term basis, STRC is the tail wagging the Bitcoin dog,” Bitwise CIO Matt Hougan told Decrypt.
“While there are also macro factors at work—rising concerns about inflation, worries about rate hikes, etc.—the market can't keep its eyes off STRC trading in the $70s,” he added. “It's worried Strategy will enter some kind of death spiral and be forced to sell Bitcoin. This pressure will likely continue until Strategy clarifies how it plans to deal with the issue.”
As the market projects its fears into prices, analysts have noted that the firm’s best path forward may be shoring up its cash position, providing it more runway to pay dividend obligations, ultimately easing shaky investors.
The second-largest crypto asset has not been spared, with Ethereum sinking to $1,576—a drop of 2.6% in the last 24 hours, fueling a more than 25% plunge in the last 30 days. At its current mark, ETH sits just 5.2% above its resolution point of $1,500 on Myriad. According to Hougan, ETH is “mostly caught in the crossfire” as “collateral damage” amid the STRC concerns.
Traders on other prediction market platforms are similarly pointing to more long-term bearishness on top crypto assets, as well. Kalshi markets that ask how low Bitcoin and Ethereum will go during 2026 give BTC a 36% chance of falling below $40,000, plus a 34% chance of ETH falling below $1,000.
Bitcoin is currently nearly 53% off its all-time high of $126,080 set last October. Meanwhile, ETH is more than 68% off its all-time high of $4,946 from last August.
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With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Block of Fame, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.
TLDR BlackRock transferred 3,410 BTC and 5,132 ETH to Coinbase Prime. The combined value of the transfers reached approximately $217 million. Bitcoin transfers accounted for about $209.64 million of the total value. Ethereum transfers were valued at approximately $8.43 million. Lookonchain tracked the transactions across multiple blockchain transfers. BlackRock transferred another $217 million worth of Bitcoin and Ethereum to Coinbase Prime on June 25. The transactions followed continued ETF outflows across both products and renewed attention on the asset manager’s blockchain activity. Lookonchain tracked the transfers, while BlackRock did not disclose the purpose behind the deposits.
Lookonchain reported that BlackRock deposited 3,410 BTC and 5,132 ETH to Coinbase Prime through several transactions. The transfers carried an estimated value of $209.64 million in Bitcoin and $8.43 million in Ethereum. The movement occurred on Thursday, June 25.
Blockchain data showed about seven transfers during the operation. Nearly every Bitcoin transaction moved 300 BTC to Coinbase Prime. One separate transaction carried the Ethereum holdings to the same platform.
Market participants linked the transfers with recent ETF withdrawals because similar activity appeared during previous outflow sessions. However, BlackRock did not issue a statement explaining the latest deposits. The company also provided no public update regarding the destination of the transferred assets.
Exchange deposits often attract attention because they can precede trading activity. However, blockchain transfers alone do not confirm that an asset manager has sold any holdings. The available on-chain data only confirms the movement between wallets.
Bitcoin and Ethereum Transfers Follow ETF Withdrawals The latest deposits arrived while both Bitcoin and Ethereum exchange-traded funds continued recording withdrawals. BlackRock has transferred digital assets to Coinbase Prime during earlier outflow periods. Those previous transactions also prompted market discussion about possible sales.
Some traders interpreted the latest deposits as preparation for another disposal of holdings. Others pointed out that Coinbase Prime supports institutional custody and settlement services. Therefore, wallet transfers alone cannot establish whether any sale occurred.
BlackRock has not confirmed any direct sale connected to the June 25 transfers. The company also has not addressed market speculation surrounding the transactions. As a result, only the blockchain records remain publicly available.
Lookonchain’s published wallet activity showed that the combined transfers reached about $217 million. Bitcoin represented most of the transferred value, while Ethereum accounted for a smaller portion. The deposits reached Coinbase Prime through multiple wallet movements.
Previous blockchain records showed similar transfer patterns during sessions with ETF redemptions. Those observations have contributed to continued discussion whenever BlackRock moves assets to Coinbase Prime. Still, no public filing connected the latest transfers to completed market sales.
The recorded transfers included 3,410 BTC and 5,132 ETH. Based on prices during execution, the combined value reached approximately $217 million. BlackRock has not released any further information regarding the June 25 wallet activity.
Coinbase-backed Ethereum layer-2 network Base resumed operations after a roughly two-hour outage that halted block production and transaction processing. The team said an invalid block triggered an issue, and it continues to investigate the root cause while advising node operators to restart their nodes.The incident marks another disruption for Base following a previous outage in August 2025. Coinbase-backed Ethereum layer-2 network Base resumed block production Thursday after a disruption of roughly two hours that halted the blockchain.
In an update, the Base team said the chain has resumed working and internal nodes were syncing correctly, though it continues to investigate the root cause of the incident. The team also advised ecosystem node operators to restart their Base nodes to restore synchronization.
The first public indication of problems came at 16:03 UTC, when Base reported that mainnet block production was "unhealthy." By 16:52 UTC, the team said it had identified a problem and was pursuing multiple remediation efforts.
The incident temporarily halted transaction processing on one of Ethereum's largest layer-2 networks. Base has not yet disclosed what caused the invalid block or whether the issue stemmed from a software bug or another consensus-related fault.
The network also previously suffered an outage in August 2025.
The team said it will continue to monitor network stability and provide further updates as its investigation continues.
Read more: Base Network Suffers 1st Downtime Since 2023, Halts Operations for 29 Minutes
DOGE Needs To Go UprightDogecoin posted an image of a Shiba Inu dog stretched in what looked like a classic yoga pose, with a caption, “Somebody needs to tell the charts to stop doing the downward dog.”
The responses reflected a mix of hope and playfulness, with one user editing the image to show a Shiba Inu standing upright, smiling, and sticking out its tongue, hinting at a possible market turnaround or correction.
Dogecoin Faces Tough TestDogecoin’s been struggling lately, just like the rest of the cryptocurrency market. The dog-themed memecoin had dived 9% in a week, and nearly 24% in a month, as selling pressure continued to mount.
The cryptocurrency recorded over a billion in trading volumes in just the last 24 hours, marking a 105% increase.
Cryptocurrency analyst Ali Martinez had flagged $0.087 as a crucial support for Dogecoin earlier in the month. However, a fresh wave of selling drove the price below that level, accelerating the downturn.
The Relative Strength Index, meanwhile, flipped into the oversold territory, according to data from TradingView, suggesting it may be a good time to enter the trade.
The Moving Average Convergence Divergence indicator, which compares two exponential moving averages of an asset’s price, typically the 12-period and the 26-period, flashed a “Sell.”
Price Action: At the time of writing, DOGE was exchanging hands at $0.07686, down 2.51% over the last 24 hours, according to data from Benzinga Pro.
Photo courtesy: Shutterstock
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Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Traders are paying close attention to Dogecoin once more, but this time it's not because of a significant price increase. Rather, investors are witnessing a remarkable increase in trading activity. Even though the asset was still trading close to local lows, recent market data shows that DOGE trading volume on major exchanges increased by more than 116% over the previous day.
Dogecoin clearly going downRising volume in a down market may initially seem pessimistic. DOGE is still trading far below its major moving averages and is clearly in a downward trend. The asset has had difficulty establishing a significant recovery since it broke below a crucial support structure. Sellers are still favored by price action alone. Volume, however, frequently conveys a more complex message.
DOGE/USDT Chart by TradingViewSignificant increases in activity usually indicate that market players are getting more involved. In some cases, this may indicate capitulation and panic selling. In others, it signals the start of accumulation as buyers step in to replenish depleted sellers' inventory. The way the market is currently positioned adds another level of complexity. Across major exchanges, long-to-short ratios continue to be significantly biased toward bullish wagers.
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While OKX participants are even more aggressively positioned on the long side, Binance traders keep their long-to-short ratio above 2. This implies that a sizable section of the market is still wagering on a recovery rather than a more severe collapse, in spite of the recent weakness.
Dogecoin's first main obstacleNaturally, there is a chance that crowded long positioning will serve as fuel for further liquidations in the event that support fails. However, if DOGE is able to stabilize and recover close to resistance levels, it also sets the stage for a strong upside move. Technically, the $0.085 area, where short-term resistance and moving averages converge, continues to be the first obstacle for bulls.
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A successful breakout above that level would boost sentiment considerably and might draw in new speculative demand. For the time being, the increase in trading volume seems to be more indicative of growing anticipation than of pure panic. Despite the uncertainty surrounding the direction, investors appear to be preparing for a significant move.
Whether the 116% volume explosion is the last phase of capitulation or the first indication that Dogecoin is getting ready for another recovery attempt should be revealed in the upcoming sessions. In any case, it is evident that DOGE is seeing a return to market participation.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Dogecoin's official X handle shared a post that has caught the attention of the crypto community, even as the market faces a selloff with $1 billion wiped out in liquidations.
The Dogecoin official X account tweeted, "somebody needs to tell the charts to stop doing the downward dog."
The timing of the post coincided with a downward trend seen on price charts across multiple timeframes, even as the crypto bear market drags on.
Digital assets saw a significant drop in the last 24 hours: $1 billion in positions were liquidated across the crypto market, according to CoinGlass data.
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The decline triggered about $778 million in long liquidations, or bets on higher prices that were automatically closed as the price fell, while short liquidations totaled $222 million.
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Dogecoin fell to a low of $0.072 in the Wednesday session in a two-day drop before slightly recovering. At the time of writing, Dogecoin was still in the red, down 3.14% in the last 24 hours to $0.076 and down 10% weekly.
Dogecoin has steadily declined since mid-June, marking seven out of ten days in losses since June 14.
What comes next?The cryptocurrency market is experiencing a bear market that has lasted over eight months, fueled by both macroeconomic and industry-specific headwinds. Capital has been moving into AI stocks, hot IPOs, and prediction markets.
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In the meantime, the primary upside catalyst for the broader crypto industry is the market structure bill, known as the CLARITY Act, which has about five weeks to clear a key legislative hurdle before Congress's summer recess.
In the very near term, Thursday's PCE inflation print, the Fed's preferred price gauge, will be the next data point that could move the market in either direction.
The Personal Consumption Expenditures (PCE) data release is expected on Thursday at 8:30 ET. A hotter-than-expected core PCE could reinforce expectations for Fed rate hikes and potentially weigh on stocks and cryptocurrencies.
Volatility is strongly returning to cryptocurrencies as a wave of selling hits digital assets. In this tense context, the official Dogecoin account chose humor to comment on the situation. The post shared on X follows a significant series of liquidations that affected the crypto market. This light message contrasts with the current pressure on investors, facing an extended period of decline and uncertainties about the future evolution of the sector.
In brief The official Dogecoin account commented on the crypto market correction with a humorous post on X. A wave of selling caused nearly 1 billion dollars in liquidations on cryptocurrencies. Dogecoin fell by 3.14% in 24 hours and 10% over one week. The crypto market remains under pressure after more than eight months of downward trend. Investors are watching the CLARITY Act and upcoming inflation indicators. Dogecoin Reacts With Humor During a Strong Wave of Selling While charts show a downward trend, the official account of the memecoin published a humorous remark intended for its community. The message states: “Someone needs to tell the charts to stop doing the downward dog pose.” This sentence refers to the movements visible on price curves, which show a negative orientation over several periods.
The official Dogecoin account’s post comes as liquidations reach a significant level. According to data reported by U.TODAY, a large quantity of positions was erased following the recent wave of sales in the cryptocurrency market. This situation reflects the pressure applied to traders, especially those who had anticipated a price increase.
Here are the key figures summarizing the extent of this crypto market correction:
1 billion dollars: total amount of positions liquidated after the recent wave of sales in the cryptocurrency market. 778 million dollars: value of liquidations related to long positions, approximately 78% of total liquidations. 222 million dollars: amount of short positions liquidated, representing about 22% of total liquidations. 0.072 dollar: the level reached by Dogecoin at its low point recorded on Wednesday. -3.14%: decrease in Doge price over the last 24 hours at the time of the latest available data. -10%: weekly decline recorded by Dogecoin during this correction period. Among the liquidated operations, long positions represented the majority of forced closures. These contracts correspond to bets placed on asset price increases and automatically close when prices move in the opposite direction. Short positions also faced liquidations, but to a more limited extent.
Dogecoin followed the general market trend with several difficult sessions. The asset hit a low on Wednesday before attempting a slight recovery. Despite this temporary rebound, selling pressure remains in an environment marked by strong volatility and increased investor caution.
The Crypto Market Remains Under Pressure After Massive Liquidations The crypto market correction continues to influence investor behavior. Since mid-June, the asset has experienced a difficult trend with several negative days. Dogecoin has recorded seven losing sessions out of ten since June 14, in a generally unfavorable environment for cryptocurrencies.
This downward phase has lasted more than eight months and combines several factors related to economic conditions and the sector. The crypto market is also witnessing a redistribution of capital towards other domains. Stocks related to artificial intelligence, certain IPOs, and prediction markets are currently drawing more attention.
In this context, the crypto market also awaits factors capable of influencing the next direction of digital assets. The U.S. market structure bill, the CLARITY Act, is an element closely followed by the industry. The bill still needs to pass a legislative stage before the congressional summer recess.
In the short term, inflation data represent another important point for financial markets. The PCE index, considered a reference by the Fed, must provide new indications. A result above expectations could strengthen rate hike expectations and weigh on risky assets.
The Outlook Remains Linked to Upcoming Economic Indicators After this period of decline, sector players are watching the next market movements. Dogecoin still operates in an environment characterized by caution. Investors now analyze upcoming economic signals and decisions likely to impact cryptocurrencies.
The humorous reaction from Dogecoin also illustrates how some digital communities comment on phases of strong volatility. Despite this offbeat communication, price data remains at the heart of discussions. The asset thus continues to follow general trends observed on digital assets.
The next sessions could bring new elements about the current dynamics. Markets remain attentive to economic data, regulatory decisions, and capital movements between sectors. Investors also observe the reactions of key digital assets in this period of uncertainty.
The crypto market could experience new fluctuations according to upcoming economic and regulatory information. The next weeks will allow observation of the effect of inflation data and progress around the CLARITY Act. For now, the crypto market remains attentive to factors likely to alter the balance between buyers and sellers.
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Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.
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Dogecoin has posted a negative return in June every year since 2017, with CryptoRank data showing an average monthly loss of 7.29% and a median decline of 9.94% over that nine-year streak. DOGE traded near $0.087 in mid-June 2026, down approximately 82% from its late-2024 peak near $0.47 and roughly 88% below its May 2021 all-time high of $0.7376, according to historical records. The crypto Fear and Greed Index dropped to 14 in early June, indicating extreme fear territory, while Dogecoin’s Relative Strength Index sat at 40.78, signaling neutral but weak momentum conditions. Changelly’s forecast projects an average DOGE price of $0.109 for 2026 with a June floor near $0.095, while CoinCodex’s algorithm generates a bearish near-term outlook with 19 bearish technical signals. X Money entered closed beta testing in early March 2026 with a public launch announced for April, but Dogecoin integration as a native payment option remains unconfirmed by the platform as of June. Dogecoin enters its historically worst calendar month at a price near $0.087, with no confirmed catalyst to break a nine-year streak of June losses. The meme coin sits 82% below its late-2024 peak, when the DOGE government-agency acronym drove a 300% annual gain that was reversed entirely in 2025.
CoinCodex’s technical analysis currently flags 19 bearish indicators against 11 bullish ones, and the broader crypto market’s Fear and Greed Index has plunged into extreme fear territory.
This article examines DOGE’s seasonal pattern, the technical levels that will determine whether support holds, and the unresolved X Money catalyst that remains the largest variable in Dogecoin’s 2026 outlook.
Nine Years of Negative June Returns Dogecoin has not posted a positive June since 2016. CryptoRank data cited by TechBullion shows an average June return of -7.29%, with a median loss of 9.94% across the nine consecutive years of declines. Applying the average loss to the current price of $0.087 would put DOGE near $0.081 by month’s end.
Long Forecast’s June 2026 prediction projects an opening price of $0.093, a high of $0.096, a low of $0.084, and a month-end close of $0.090, representing a 3.2% decline. The model projects a steeper 15.6% drop in July, with DOGE potentially reaching $0.076 before any seasonal recovery.
Analysis: Seasonal patterns are not deterministic. The streak could break in any given year. But nine consecutive red Junes establish a statistical tendency that quantitative trading models and algorithmic strategies actively trade against. The pattern creates a self-reinforcing dynamic: sellers anticipate the decline, and their positioning contributes to it.
Technical Support Levels and On-Chain Signals Coinpedia’s June analysis identified the $0.082-$0.085 zone as a critical short-term support band. A sustained hold above this range could allow a recovery toward $0.10 to $0.12, though the $0.095 to $0.10 region continues acting as a firm supply zone that has repeatedly rejected upside attempts.
The crypto Fear and Greed Index sat at 14 in early June, deep in extreme fear territory, Coin Gabbar reported. DOGE’s RSI at 40.78 indicates neutral momentum rather than oversold conditions, meaning a further decline would not yet trigger standard mean-reversion signals. Volume dropped 7.09% alongside the price decline, suggesting quiet capitulation rather than panic selling.
Whale accumulation data tells a slightly different story. Large wallet activity has gradually increased around the $0.09-$0.10 zone, indicating accumulation rather than distribution, Coinpedia noted. If larger holders are building positions near current levels, the sell pressure may eventually exhaust itself as available supply tightens.
The X Money Catalyst Remains Unresolved The single most consequential unresolved catalyst in Dogecoin’s history is whether Elon Musk’s X platform will integrate DOGE as a native payment option. X Money entered closed beta testing in early March 2026 with a public launch announced for April, Changelly’s analysis noted. DOGE integration has not been confirmed.
If Musk adds DOGE as a payment option for X’s 600 million-plus users, it would represent the largest real-world utility unlock in the token’s history. If it never materializes, the primary bull case collapses. The binary nature of this catalyst explains much of the divergence in analyst forecasts.
Alex Carchidi of The Motley Fool predicted DOGE will fall to $0.10 by the end of 2026, arguing the token lacks real utility. With DOGE trading near that level, the bearish case has largely played out on schedule.
Dogecoin’s structural inflation compounds the challenge. The network adds approximately 5 billion new DOGE annually with no maximum supply cap. The current inflation rate is around 3.5% and is gradually declining as total supply expands. For DOGE to appreciate, demand must outpace new issuance every year indefinitely.
What’s Next? The remainder of June will test the $0.082-$0.085 support band. A breakdown below that zone could expose DOGE to a move toward $0.07, extending the broader corrective trend. A breakout above $0.12 would be required before sentiment shifts decisively toward bulls.
The Dogecoin Foundation‘s plans for Dogebox infrastructure upgrades and merchant integration remain ongoing, with a stated target of 1 million merchants, though progress has not been publicly benchmarked.
FAQs Why does Dogecoin typically decline in June?
CryptoRank data show that Dogecoin has posted negative returns in June for nine consecutive years since 2017, with an average monthly loss of 7.29%, driven by seasonal selling patterns and reduced retail sentiment.
What is Dogecoin’s price in June 2026?
DOGE traded near $0.087 in mid-June 2026, approximately 82% below its late-2024 peak of $0.47 and roughly 88% below its all-time high of $0.7376 set in May 2021.
What is the key support level for DOGE in June 2026?
Coinpedia identified the $0.082 to $0.085 zone as a critical short-term support band, noting that a breakdown below this range could expose Dogecoin to further declines toward the $0.07 region.
Will X Money integrate Dogecoin?
X Money entered closed beta testing in March 2026, but as of June 2026, integration of Dogecoin as a native payment option has not been confirmed by the platform or X leadership.
Does Dogecoin have a maximum supply cap?
No, Dogecoin has no maximum supply cap and adds approximately 5 billion new DOGE annually, creating a structural inflation rate currently near 3.5% that requires sustained demand growth to support higher prices.
What is the Fear and Greed Index for crypto in June 2026?
The crypto Fear and Greed Index dropped to 14 in early June 2026, indicating extreme fear territory, while Dogecoin’s Relative Strength Index stood at 40.78, reflecting neutral but weak momentum.
What do analysts predict for Dogecoin in 2026?
Forecasts range widely: Changelly projects an average of $0.109, CoinCodex flags bearish technical signals, Long Forecast predicts $0.087 by December, and Coinpedia sees a potential range up to $1.25 in bullish scenarios.
Charles Hoskinson reassures the ADA community following the security incident involving SecondFi, emphasizing that the breach did not compromise the Cardano blockchain itself.
His comments came as concerns spread throughout the Cardano ecosystem after reports revealed that attackers exploited vulnerabilities connected to SecondFi wallets, resulting in significant losses for affected users.
Hoskinson: Cardano Core Infrastructure Remains Secure According to Hoskinson, there is no evidence that the incident affected any component of Cardano’s underlying technology stack. He stressed that the network’s protocol, cryptographic foundations, node infrastructure, and open-source wallet implementations continue to function as intended.
Consequently, he classified the incident as an application-level security failure rather than a failure of the blockchain itself. His commentary sought to calm fears that the breach could threaten ordinary ADA holders who do not use SecondFi.
Update https://t.co/23F2M0YrUp
— Charles Hoskinson (@IOHK_Charles) June 24, 2026
“Cardano Was Not Hacked” Further, he rejected claims that the blockchain itself was compromised, stressing that “Cardano was not hacked.” According to him, describing the incident as a “Cardano hack” creates the false impression that the blockchain’s core infrastructure failed.
Interestingly, he compared the situation to a vulnerable third-party application running on an operating system. Using an analogy involving Microsoft and its Windows platform, Hoskinson argued that users do not blame Windows whenever an external application contains bugs or security flaws.
Similarly, he maintained that vulnerabilities in an individual wallet or financial application should not be interpreted as weaknesses in Cardano’s protocol. He also reiterated that users’ funds across the broader Cardano ecosystem remain secure.
SecondFi Confirms Attack Originated at Address and Signing Layer Hoskinson’s reassurance followed reports of a large-scale exploit suffered by SecondFi (formerly Yoroi Wallet), a neo-finance application owned by EMURGO, one of Cardano’s founding entities.
Following the incident, SecondFi disclosed that the breach occurred at the address and transaction-signing level, allowing malicious actors to initiate unauthorized transactions.
According to the company, four separate wallet-draining incidents occurred earlier this week. Three of those attacks were linked to external threat actors and resulted in the theft of approximately 16 million ADA from 374 wallets.
Meanwhile, the company revealed that it secured an additional 129 million ADA by transferring the assets to a third-party custodian as an emergency precaution.
SecondFi Deploys Patch and Begins Recovery Process In response to the incident, SecondFi announced that it has already deployed a security patch and engaged an external auditor to verify customer holdings. The company also confirmed that it is developing a claims process for affected users to facilitate compensation and recovery efforts.
Notably, SecondFi warned users not to restore their recovery phrases into other wallets. It added that doing so could disrupt or complicate the claims process for affected funds.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Cardano founder Charles Hoskinson expressed sympathy for affected users and acknowledged the emotional toll of the losses.
Speaking during a livestream yesterday, Hoskinson apologized to both the victims and the broader Cardano community over the unfortunate breach at SecondFi (formerly Yoroi Wallet), which resulted in the theft of 16 million ADA.
According to him, many victims may have lost most or all of their ADA holdings, making the financial and emotional consequences severe regardless of the overall value involved.
Hoskinson Reflects on Previous Crypto Hacks Hoskinson described the incident as an unfortunate reality of the cryptocurrency industry, noting that security breaches have occurred throughout the sector’s history.
Drawing on more than 15 years of experience in crypto, he said he has witnessed numerous hacks and exploits across multiple blockchain ecosystems.
The Cardano founder also revealed that he personally suffered losses during the August 2022 Nomad Bridge exploit, an incident that caused an estimated $20 million to $30 million in losses for Cardano users.
Although attackers never breached Cardano’s base blockchain during the Nomad Bridge exploit, the incident still affected the ecosystem by disrupting bridge-wrapped assets on Ethereum.
Hoskinson noted that a large portion of the stolen funds was recovered. However, he emphasized that the attack highlighted the persistent risks associated with digital assets.
SecondFi Contains Damage Meanwhile, the SecondFi breach marks another painful chapter for the Cardano ecosystem.
The team behind the non-custodial neo-finance platform disclosed that attackers stole 16 million ADA from 374 wallets during the incident. In response, the company moved swiftly to prevent additional losses by transferring 129 million ADA to an independent third-party custodian.
SecondFi has since launched a special audit and deployed a security patch to address the vulnerability. The company has also begun a compensation process for affected users while warning customers not to enter their recovery phrases into any other Cardano-related wallets.
As per our previous post:https://t.co/rZanyrVGWN
We have identified the root cause and have since rolled out a patch for all unaffected wallets. This will allow us to resume normal operations soon.
Hoskinson Insists Cardano Remains Secure Despite the scale of the incident, Hoskinson reassured ADA holders that the breach affects only SecondFi and not the broader Cardano network.
He emphasized that attackers did not hack Cardano itself and reiterated that the incident was an application-specific issue involving SecondFi rather than a failure of the Cardano protocol.
The development comes amid rising concerns within the Cardano ecosystem, fueled by governance disputes, the shutdown of TapTools, and the departure of key contributors. Adding to the pressure, ADA has remained in bearish territory, with the token currently trading at $0.1493, down 95.18% from its previous all-time high of $3.10.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
PANews June 25 news, Cardano wallet service provider SecondFi released an update on the latest theft incident, stating that addresses linked to two attackers have been identified. SecondFi said that between June 21 and 23, a sophisticated automated attack stole funds from hundreds of Cardano wallets in three waves: Attacker A drained 171 wallets in two batch operations, and Attacker B drained 203 wallets in the third wave. SecondFi published multiple sets of collection addresses and the stake keys of the two attackers, and noted that approximately 4.02 million ADA remains in Attacker B's designated address, currently flagged and under on-chain monitoring. The project team stated it is continuing to track the flow of related assets with law enforcement agencies and Cardano ecosystem partners.
