Daily analysis of crypto markets and the forces shaping them, from the Nexo research desk.
Bitcoin steadies above $62,000 as peace talks continue and ECB raises ratesThe crypto market is finding tentative footing as Bitcoin recovers to around $62,700, Ethereum edges higher to $1,650, and equity futures point up 0.5% on the S&P 500 and 0.8% on the Nasdaq. The geopolitical picture remains fluid with diplomatic efforts continuing in the background even as rhetoric intensifies, though markets are broadly looking past the noise with Brent crude easing to around $92.60. The ECB has raised its deposit rate by 25 basis points to 2.25% — its first hike since 2023 — delivering the move markets had fully priced as policymakers respond to the energy-driven inflation wave. Gold is recovering modestly to around $4,080, and the dollar index is holding near 100.09 as markets look ahead to Warsh's first FOMC meeting next week.
Bitcoin
Bitcoin is trading around $62,700, up 1.5% in 24 hours and recovering from last week's low near $59,000. The move is measured rather than decisive — ETF outflows deepened on Wednesday to $213.85 million after briefly cooling earlier in the week, extending a streak that has now shed over $5 billion across the past several weeks. Spot demand has not yet returned in a meaningful way, and the underlying flow picture remains the key variable for any sustained recovery.
On-chain data places Bitcoin's current realized price at around $53,600 — the aggregate cost basis of all market participants — a level that has historically aligned with significant cycle lows. At current prices Bitcoin sits approximately 15% above that threshold, meaning the majority of holders remain in profit. Realized losses over the past 30 days remain well below levels seen at prior cycle lows — a sign that the market is consolidating rather than capitulating. The realized price of $53,600 is a structural reference worth watching as context for where long-term value has historically emerged, not as a near-term target but as a level that has marked the floor of every major Bitcoin cycle.
The SpaceX IPO on Friday is drawing significant attention — institutional and retail capital is being redirected toward the $75 billion raise at a $1.75 trillion valuation, and some of the recent crypto outflows reflect that rotation. Once the IPO clears, that dynamic may ease.
Ethereum & Altcoins
Ethereum is up 1.1% to around $1,650, recovering modestly from recent multi-month lows. Spot Ethereum ETFs continued to see outflows on Wednesday. XRP rose 0.1%, Solana gained 1.2%, Cardano added 3.1%, and BNB rose 1.5%. The altcoin complex is posting cautious gains broadly in line with Bitcoin's direction.
Macro & Institutional
The ECB raised its deposit rate by 25 basis points to 2.25% today — its first hike since 2023 — delivering what markets had fully priced as an inflation-driven move in response to the energy shock. Eurozone headline inflation is now seen averaging 3% in 2026, up from a prior forecast of 2.6%, with growth revised down to 0.8%. President Lagarde projected inflation returning to target in autumn 2027, while describing the current environment as one in which "growth is absent or under threat" — a candid acknowledgement of the stagflation dynamic the ECB is navigating. Markets are pricing a follow-up move in September, though Lagarde did not commit to a specific path. The euro edged lower to around $1.1521 following the decision.
The geopolitical picture remains mixed but arguably more constructive than headlines suggest. While rhetoric from Washington has intensified, back-channel diplomacy is ongoing — UAE officials met with Iranian counterparts for the first time since the conflict began, a notable signal that regional de-escalation efforts are quietly advancing. Brent is trading near $92.60, broadly flat on the session, with oil markets reflecting measured rather than alarmed positioning. The Strait of Hormuz remains effectively closed, but the diplomatic activity provides a more constructive backdrop than the preceding week.
On the institutional side, DBS Bank has announced it will offer tokenised gold trading to retail customers in the second half of 2026, with each token backed by one gram of physical gold held in Singapore — a notable step in the broadening of real-world asset tokenisation into mainstream retail banking.
Looking Ahead
With the ECB decision now confirmed and PPI data releasing today, the focus shifts fully to Warsh's first FOMC meeting on June 16-17 — where a hold is widely expected but the tone of forward guidance will be closely watched. The Bank of Japan is also expected to raise rates to 1% at its June 16 meeting, meaning three major central banks will have moved in a tightening direction within days of each other — a rare confluence that historically weighs on risk appetite. The SpaceX IPO on Friday is the week's remaining capital markets event, with its pricing and reception offering a real-time read on investor appetite for large-scale technology raises. For Bitcoin, the question heading into next week is whether the clearing of these major events — ECB done, FOMC ahead, SpaceX pricing — combined with any further diplomatic progress on Iran, provides the conditions for spot demand to begin returning, which remains the missing ingredient for a more sustained recovery.
Author: Iliya Kalchev, Analyst at Nexo’s Dispatch
This material is produced by Nexo for informational purposes only and does not constitute financial, investment, legal, or tax advice, or a recommendation to transact in any digital asset. Views are the author's as of the date of publication and may change without notice. Information is from sources believed reliable, but Nexo makes no warranty as to its accuracy and accepts no liability for any loss arising from reliance on this material.
Daily analysis of crypto markets and the forces shaping them, from the Nexo research desk.
Bitcoin steadies above $63,000 as Iran deal hopes lift markets and SpaceX makes historyThe crypto market is finding its footing on the most eventful Friday of the year. Bitcoin is up 0.9% to around $63,300, equity futures are pointing higher, and Brent crude has slid to around $86.50 — a two-month low, on growing hopes of a U.S.-Iran peace deal. SpaceX has simultaneously made history, pricing its IPO at $135 per share to raise $75 billion — the largest offering in U.S. history, and beginning trading on the Nasdaq today at a $1.77 trillion valuation. The dollar is dipping slightly, the euro is near a one-week high, and gold is edging up to around $4,220. The total crypto market cap remains under pressure but is stabilising as the macro backdrop shifts.
Bitcoin
Bitcoin is trading around $63,300, up 0.9% on the day and on course for a modest weekly gain. Spot Bitcoin ETFs are headed for a fourth consecutive week of outflows, though the pace has eased materially — $401.7 million so far this week compared to $1.72 billion the prior week. That deceleration is an early signal worth noting. If the Iran deal is confirmed this weekend, the first meaningful test will be whether ETF flows reverse — the institutional bid that powered April's recovery was built on exactly this kind of macro relief, and the infrastructure to absorb it is already in place.
On the derivatives side, institutional positioning in options markets this week has centred on structures designed for maximum profit if Bitcoin settles near $75,000 by end of July. The $75,000 positioning is notable not just as a price target but as a signal of timeframe — institutional players are not positioning for an immediate spike but for a gradual recovery through July, consistent with a market that needs the macro environment to stabilise before spot demand returns meaningfully. The $60,000–$65,000 range remains the near-term reference zone, with the 200-week moving average at around $61,000 providing the structural floor.
Ethereum & Altcoins
Ethereum is broadly flat at around $1,653. XRP is up 1.4% to $1.13, with Solana, Cardano, and BNB each gaining between 0.1% and 2.4%. The altcoin complex is posting modest gains in line with Bitcoin's direction, with spot Ethereum ETFs continuing to record outflows this week. Ethereum's relative resilience at current levels — holding above $1,600 through a period of sustained ETF outflows, leaves it better positioned than its recent performance suggests if institutional flows begin to rotate back into the broader crypto complex.
Macro & Institutional
Iranian state media reported Friday that a draft framework agreement would include the reopening of the Strait of Hormuz, the lifting of U.S. oil sanctions, and the release of frozen Iranian funds, with final negotiations focusing on nuclear and economic issues. President Trump has described the deal as essentially done with a signing possible in Europe this weekend, though Tehran struck a more measured tone, acknowledging progress while noting points of contention remain. Brent is down over 4% at around $86.50, on course for a weekly decline of over 7% — a move that, if sustained, would materially ease the inflation premium driving central bank hawkishness. OPEC's monthly report cut its 2026 oil demand growth forecast for a second consecutive month, reinforcing how consequential a Hormuz reopening would be.
Thursday's ECB hike and a contained U.S. core PPI reading have nudged the rate narrative in a more constructive direction. Markets are now pricing around a 60% probability of a Fed hike by December, down from above 70% earlier in the week. On the institutional product side, a major asset manager has filed regulatory paperwork for a Bitcoin premium income ETF — a covered-call structure offering spot Bitcoin exposure with a yield-generating mechanism. This represents a broadening of the Bitcoin ETF product suite that could attract a different category of institutional buyer in the months ahead.
Looking Ahead
A confirmed Iran deal would be the single most significant macro development since the conflict began — unwinding the oil premium, easing inflation expectations, and potentially reversing the institutional outflow trend from crypto.
Next week's calendar is front-loaded with central bank decisions. Tuesday brings the Bank of Japan and RBA alongside the ZEW sentiment survey. Wednesday delivers UK and Eurozone CPI and U.S. retail sales ahead of the Fed's rate decision — widely expected to be a hold at 3.75% — where Warsh's tone on the inflation outlook and the path beyond June will be the most closely watched moment of the week. Thursday rounds out with the Bank of England decision alongside U.S. jobless claims. For Bitcoin, how Warsh frames the rate path in light of a potential Iran resolution could prove as important as the decision itself.
Author: Iliya Kalchev, Analyst at Nexo’s Dispatch
This material is produced by Nexo for informational purposes only and does not constitute financial, investment, legal, or tax advice, or a recommendation to transact in any digital asset. Views are the author's as of the date of publication and may change without notice. Information is from sources believed reliable, but Nexo makes no warranty as to its accuracy and accepts no liability for any loss arising from reliance on this material.
Daily analysis of crypto markets and the forces shaping them, from the Nexo research desk.
Peace dividend and Fed discountBitcoin climbed above $65,500 at the Monday open as confirmation of a U.S.–Iran interim peace deal and President Trump's announcement that the Strait of Hormuz will reopen Friday drove a broad risk-on rotation. Oil prices fell sharply, supporting global risk assets. Spot Bitcoin ETFs broke a five-session outflow streak on June 12, recording $85.85 million in net inflows, their strongest single-day figure in roughly four weeks. The relief rally is real, but it carries conditions. Markets are not fully pricing a permanent resolution until the June 19 signing in Switzerland holds. Seven G10 central bank meetings this week add a further layer of event risk.
Bitcoin
Bitcoin is back above $65,500 on Monday, up roughly 2% over 24 hours, but markets are pricing in a moderate recovery rather than a breakout. Polymarket assigns 71% odds to Bitcoin touching $67,500 before month-end — a 3% move from current levels — and 34% to $70,000. Options data reinforces that read. Upside implied volatility has fallen back to pre-war levels and the cost of downside protection has compressed sharply, reflecting hedges being unwound rather than fresh bullish bets being placed.
Institutional demand is showing signs of recovery. ETF flows turned positive on June 12, ending the most sustained net withdrawal period since the products launched in January 2024. The FOMC is the key near-term risk. The March precedent is worth noting: seven sessions of inflows totaling $1.17 billion reversed into a $163.52 million single-session outflow on the day the Fed met. Institutional positioning into Wednesday carries that same event-risk pattern.
Ethereum & Altcoins
Altcoins followed Bitcoin up, with Solana and HYPE leading the top ten recovery. ETF flows tell a more nuanced story. Ethereum spot ETFs recorded $4.95 million in net outflows on Friday, diverging from Bitcoin ETFs which turned positive for the first time in five sessions. The gap is wider in aggregate. ETH spot ETFs shed $712.56 million from May 11 through May 29 and a further $356.76 million in June, pushing net assets from a $13.45 billion peak to $9.16 billion — a 32% decline in under four weeks.
Demand has not left the altcoin space, it has become selective. Solana and XRP ETFs added a combined $348.47 million in May and stayed broadly flat in June, with both tokens gaining 6.6% and 5.3% between June 12 and June 14 on the ceasefire rally. HYPE is the clearest expression of that selectivity, accumulating $154.61 million in ETF inflows in under a month. On June 4, HYPE ETFs recorded their largest single-day inflow relative to market cap across all alt ETFs, driven by Grayscale's HYPG listing on Nasdaq — the third U.S. HYPE ETF to list in three weeks.
Investor interest in HYPE is underpinned by a fee buyback model that converts platform trading volume directly into token demand, giving the asset a structural bid that most altcoins lack.
Macro & Institutional
Two events bookend the week. The FOMC decision Wednesday and the formal U.S.–Iran peace signing in Switzerland on Friday pull in opposite directions. Cheaper oil eases the inflation pressure that pushed central banks toward tighter policy, but whether that feeds through to markets depends on what Warsh signals.
The main risk is the dot plot and the forward guidance. Current pricing assigns approximately 40% odds of a December rate hike, a significant shift from earlier expectations of multiple cuts, and an upward revision to the funds path would validate that repricing.
The BoJ concludes Tuesday and is near-certain to raise rates to 1% for the first time since 1995. Governor Ueda will not attend or vote, having been hospitalized, which makes the forward guidance harder to read than usual. A hawkish tone on further normalization would pressure USD/JPY and risk unwinding carry positions across risk assets.
Looking Ahead
Tuesday's BoJ decision is the immediate focus. China's May activity data — industrial production, retail sales, and fixed asset investment — prints the same day and will set the tone for emerging market risk appetite. Wednesday is the week's focal point. U.S. May retail sales offer the first clean read on consumer resilience after the April–May energy spike, and the FOMC decision, economic projections, and Warsh's inaugural press conference follow in the evening. Thursday brings U.K. labor data and the BoE decision, where the MPC vote split will matter as much as the hold. Friday's tape is thin as U.S. markets are closed for Juneteenth but the formal U.S.–Iran peace signing in Switzerland adds a geopolitical event-risk overlay to close the week.
Author: Dessislava Ianeva, Analyst at Nexo’s Dispatch
This material is produced by Nexo for informational purposes only and does not constitute financial, investment, legal, or tax advice, or a recommendation to transact in any digital asset. Views are the author's as of the date of publication and may change without notice. Information is from sources believed reliable, but Nexo makes no warranty as to its accuracy and accepts no liability for any loss arising from reliance on this material.
In this patch of your weekly Dispatch:First decision under new Fed chairMarket-moving macro comesSpaceX's Bitcoin goes publicMarket cast
BTC shows green in the chartsBitcoin's technical picture is showing early signs of a shift. On the weekly chart, price has bounced from the 200-period SMA — a key long-term trend indicator, and is now pushing toward the middle Bollinger Band, a volatility indicator that marks the midpoint of the current price range. The RSI and Stochastic oscillators, both momentum indicators, remain at relatively low levels but their signal lines are turning higher — a tentative sign of building bullish momentum. The MACD histogram, a trend and momentum indicator, sits slightly above the zero line, keeping the longer-term structure cautiously constructive.
On the daily chart, the picture is more nuanced. Price is now testing the middle Bollinger Band, which is acting as dynamic resistance at current levels. The RSI has moved into neutral territory and continues to rise, while the Stochastic signal lines are approaching overbought conditions — a reminder that the short-term rebound may need to consolidate before extending further. The MACD histogram has moved into positive territory and is trending higher, offering some near-term encouragement.
Key levels to watch: Support sits at $63,000 and $61,000. To the upside, the first hurdle is the daily middle Bollinger Band as dynamic resistance, followed by the $68,000–$69,000 zone and $71,000 beyond that.
The big idea
Will a new Fed chair support Bitcoin’s recovery?For months, uncertainty around the U.S.-Iran conflict has weighed on risk assets and capped every Bitcoin recovery attempt. Over the weekend, reports of a ceasefire agreement offered some relief — oil prices fell sharply, Asian equities moved higher, and Bitcoin climbed back above $65,000 for the first time in nearly two weeks. The situation is still developing, with the formal signing expected later this week. But for now, at least, one of the market's more persistent sources of anxiety appears to have eased.
The next focus shifts quickly to Wednesday, when the Federal Reserve delivers its June 17 interest rate decision — the first under new Chair Kevin Warsh. A hold is widely expected, with markets pricing in around a 97% probability of no change. The more consequential question is what the accompanying dot plot and Warsh's press conference reveal about the path ahead. Specifically, whether rate hikes later this year remain a genuine possibility.
The data the Fed is walking in with offers no easy answers. May's CPI came in at 4.2% year-on-year — elevated, but in line with expectations, with core monthly inflation coming in slightly softer than forecast. The labor market paints a similarly nuanced picture: three consecutive months of solid job gains, unemployment holding at 4.3%, yet weekly jobless claims ticked above forecasts last week and there are early signs of strain beneath the surface — long-term unemployment is rising and hiring intentions among small businesses have fallen to a six-year low. The Fed will see a labor market that is neither breaking down nor giving it room to ease. That is the difficult position Warsh inherits on Wednesday.
How Bitcoin responds will depend heavily on tone. If the dot plot suggests inflation is moving back toward target, and that cuts could be possible by late 2026, the market may find the catalyst it has been looking for. A more hawkish signal — higher for longer, or any suggestion of hikes — could undo much of the weekend's recovery and bring $60,000 back into view.
In the meantime, some early signals are worth noting. Standard Chartered believes the cycle low is in at $59,000, pointing to three confirmations: ETF inflows returning, oil prices falling, and Strategy resuming purchases. All three appear to be falling into place — Bitcoin ETFs pulled in $85.8 million on Friday, and Saylor delivered on his word. On-chain, a seller exhaustion signal tracked by Glassnode showed that the market's largest whale cohorts added close to 11,000 BTC on the same day – see more in this week’s data story.
So where does that leave us? One source of uncertainty has eased. Whether the Fed provides another on Wednesday remains to be seen — but the answer may go a long way toward defining where Bitcoin goes.
Ethereum
ETH still in its early days? ETH's price may be struggling, but the institutional story is quietly accelerating. In a recent CoinDesk interview, Etherealize founder Vivek Raman described Ethereum as "the infrastructure for Wall Street" — and argued that large financial institutions have moved well beyond proof-of-concept, now deploying on public blockchains in production. Tokenized stocks, bonds, real estate, and funds are all expanding beyond stablecoins as the institutional entry point.
The price disconnect, Raman says, comes down to timing. Institutional sales cycles are long, and the full wave of assets has yet to migrate on-chain. The argument is that Ethereum's network effect — built on years of liquidity dominance and institutional deployments — has created the foundation, but the scale of adoption hasn't been reflected in the asset yet. When more tokenized assets settle on Ethereum, the expectation is that the market will reprice ETH's role accordingly, Raman argues. Which means we may simply be early. The infrastructure is there, the institutions are arriving, and ETH's price may just need time to catch up.
Macroeconomic roundup
Macro signals play tug of warMarkets head into the week on the front foot after the Iran peace deal lifted oil prices and risk sentiment. The calendar is packed — two central bank decisions, European inflation prints, and a stream of U.S. data all landing within 72 hours.
Eurozone CPI YoY (Jun 17): Confirms whether the ECB's recent hike is working — any upside surprise adds to the higher-for-longer narrative.
US Retail Sales MoM (Jun 17): A read on consumer spending that feeds directly into the Fed's economic projections released the same day.
UK CPI YoY (Jun 17): A hot print keeps pressure on the Bank of England to stay tight.
BoE Interest Rate Decision (Jun 18): The Bank of England navigates its own balancing act between slowing growth and sticky inflation.
Philadelphia Fed Manufacturing Index (Jun 18): A miss here could further complicate the picture for U.S. economic momentum heading into the summer.
Initial Jobless Claims (Jun 18): Claims have been creeping higher — a reading above 220,000 would add weight to the case for eventual easing.
TradFi trends
The world’s first trillionaireSpaceX made history last week with the largest IPO ever, raising $75 billion at $135 per share before jumping 19% on its Nasdaq debut — briefly touching $176.50 intraday and closing at $161, pushing its market cap above $2 trillion. Shares continued climbing on Monday pre-market, hovering around $170.
The listing also made Elon Musk the world's first trillionaire. His 42% stake in SpaceX, combined with his Tesla holdings, put his total net worth at $1.11 trillion. SpaceX's business spans reusable rockets, the Starlink satellite network, and long-term ambitions around orbital data centers — a story that analysts say could take two decades to fully play out, but one the market appeared willing to bet on from day one.
The week's most interesting data story
What a whale wantsOne of the more reliable tools for identifying Bitcoin cycle bottoms is a metric called the Seller Exhaustion Constant — a Glassnode indicator that flags the moment when sellers have largely done their worst, capturing the point at which supply in profit is low, and volatility has compressed. Historically, it has marked the point where there is simply less left to sell.
On June 11, the signal flashed for only the second time in 2026. The last time it appeared, on February 12, Bitcoin went on to rally 24% over the following weeks. What followed this time was telling: two of the largest whale cohorts added close to 11,000 BTC — worth around $700 million — on the exact same day. Bitcoin has since rebounded from its $59,100 low back above $65,000, now testing resistance near $66,600. A sustained move above that level would open the path toward $70,000 and beyond, echoing the trajectory of the last signal. The metric and the market's largest holders are pointing in the same direction.
The numbers
The week’s most interesting numbers1% — The Bank of Japan raised rates to their highest level since 1995, and Bitcoin shrugged it off.
$2 trillion – U.S. spot Bitcoin ETFs are closing in on $2 trillion in cumulative trading volume, less than two and a half years since launch.
18,712 BTC — The bitcoin position SpaceX brought to public markets via its record IPO this week — the largest bitcoin holding ever attached to a public listing
$100 million – Strategy purchased 1,587 BTC this week, bringing its total holdings to 846,842 BTC.
Hot topic
What the community is discussingSo the bottom is in?
Whales in the dip.
Is it Gold’s turn for a pullback?
Dispatch is a weekly publication by Nexo, designed to help you navigate and take action in the evolving world of digital assets. To share your Dispatch suggestions and comments, email us at [email protected].
Daily analysis of crypto markets and the forces shaping them, from the Nexo research desk.
Bitcoin holds above $65,000 as markets await Warsh's first Fed press conferenceThe crypto market is in a holding pattern ahead of today's Fed rate decision — the most consequential policy moment of the week. Bitcoin is down modestly to around $65,500, equity futures are pointing slightly higher with the Nasdaq up 0.9%, and Brent crude has stabilized around $79 after falling below $80 for the first time since March. Gold is steady near $4,328, the dollar index is hovering near a 10-day low at 99.55, and the euro is near one-week highs at $1.16. The U.S.-Iran framework deal continues to take shape ahead of Friday's signing ceremony in Switzerland, with details now emerging around a 14-point accord covering a permanent ceasefire, Hormuz reopening, and immediate Iranian oil export waivers. A hold at 3.5%–3.75% is universally expected from the Fed — what matters today is Warsh's first press conference and the updated dot plot.
Bitcoin
Bitcoin trades above $65,000, pulling back from yesterday's high near $67,000 as markets adopt a cautious stance ahead of the Fed. Derivatives markets are reflecting that caution — Bitcoin futures open interest has slipped back toward $30 billion after recovering through the first half of the month — a sign that positioning has lightened ahead of a decision that could move the market in either direction. The session is less about directional conviction and more about positioning ahead of a binary outcome: Warsh's tone on the rate path.
The key variable is not the hold itself but what Warsh signals about the months ahead. Updated economic projections are expected to show higher inflation and no rate cuts this year — with a subset of policymakers projected to favour hikes. If Warsh's press conference validates a clearly hawkish posture, the dollar would likely firm and risk assets would face renewed pressure. A more measured tone — acknowledging that falling oil meaningfully changes the inflation calculus — would be the more constructive outcome for Bitcoin. The $65,000 level is the immediate reference point heading into the press conference.
Ethereum & Altcoins
Ethereum trades around $1,780, outperforming Bitcoin on the day and continuing to show relative resilience. The standout mover of the session is Uniswap's UNI token, surging over 20% after Standard Chartered initiated coverage with a $100 price target by end-2030 and a $6.50 target for year-end 2026 — implying nearly 100% upside from current levels. The thesis centres on Uniswap's potential to become a major market infrastructure player as tokenized assets increasingly migrate to decentralized finance, with the exchange already hosting tokenized versions of major stocks and recently opening access to a major asset manager's tokenized fund. XRP, Solana, and BNB each fell less than 1%, while Cardano declined 2.6%.
Macro & Institutional
Details of the U.S.-Iran 14-point framework accord are emerging ahead of Friday's signing in Switzerland. The deal covers a permanent ceasefire including in Lebanon, the lifting of the U.S. naval blockade, Hormuz reopening, and immediate waivers for Iranian oil and petrochemical exports upon signing. Brent has stabilised around $79 after a near-10% decline over two sessions — still above pre-war levels but well off the $110 peak. The move has shifted market focus from geopolitical risk premium to the rate environment: with oil falling, the case for a December Fed hike has moderated, and today's dot plot will be the first formal read on how policymakers are incorporating that shift into their forecasts. Gold is holding near $4,328 after four consecutive sessions of gains, supported by a softer dollar and easing inflation concerns. A World Gold Council survey noted that a record 45% of central bank reserve managers expect to increase gold holdings over the next year.
SpaceX extended its post-IPO rally to close at around $201.80 on Tuesday — up roughly 50% from its $135 IPO price in four sessions, briefly surpassing Amazon and approaching Microsoft's market capitalisation. Total IPO proceeds reached $85.7 billion after underwriters exercised their greenshoe option. The rally has made Musk once again the world's wealthiest individual by a widening margin.
The SEC is preparing an innovation exemption that would allow crypto companies to offer blockchain-based tokenized stocks — a development that could structurally reshape equities markets by enabling 24/7 trading and instant settlement.
Looking Ahead
Today's Fed decision is the week's pivot point. The rate hold is certain — what matters is the dot plot and Warsh's press conference, where his framing of the inflation path in light of falling oil will set the tone for risk assets heading into summer. Thursday brings the Bank of England decision — widely expected to hold, alongside the Philadelphia Fed manufacturing index and initial jobless claims. Friday's Iran deal signing ceremony in Switzerland is the geopolitical focal point of the week. For Bitcoin, a measured Fed tone today combined with a smooth deal signing on Friday would remove two of the cycle's most persistent headwinds simultaneously — the setup for the second half of June is more constructive than it has been at any point since February.
Author: Iliya Kalchev, Analyst at Nexo’s Dispatch
This material is produced by Nexo for informational purposes only and does not constitute financial, investment, legal, or tax advice, or a recommendation to transact in any digital asset. Views are the author's as of the date of publication and may change without notice. Information is from sources believed reliable, but Nexo makes no warranty as to its accuracy and accepts no liability for any loss arising from reliance on this material.
Daily analysis of crypto markets and the forces shaping them, from the Nexo research desk.
Bitcoin pulls back toward $64,000 as a hawkish Fed overshadows the Iran peace dealThe crypto market is digesting a busy 24 hours that delivered two major developments — a hawkish Fed and a signed Iran peace deal, the latter largely priced in ahead of the event — with the former driving the session's price action. Bitcoin retreated to $63,900, while Ethereum fell $1,733, as the broader crypto complex reprices a tighter rate environment. Equity futures are recovering, with S&P 500 futures up 0.9% and Nasdaq futures up 1.5%, buoyed by the Iran deal signing. Brent crude has extended its decline to around $78, down nearly 11% on the week, and the dollar index has climbed to its highest level since May 2025 at 100.71 as rate hike expectations firm. Gold is edging up modestly to around $4,269 after Wednesday's sharp decline. The total crypto market cap is under pressure but holding above recent lows as the market consolidates in a familiar range.
Bitcoin
Bitcoin is trading around $63,900, but still up approximately 2% on the week — a sign that the market is consolidating rather than capitulating. The selling is driven squarely by the Fed's dot plot, which showed nine of nineteen officials now pencilling in at least one rate hike in 2026, compared to none in the March projections. Futures markets are pricing an 83% probability of a hike by December, with a full hike priced by October. That repricing sent the 2-year Treasury yield up 14 basis points to 4.19% and lifted the dollar.
With the Iran deal now signed and the rate outlook repriced, the market has two of its dominant variables more clearly defined. Bitcoin has held in the low $64,000s through the selling, suggesting buyers are present but cautious. The $60,000–$70,000 range is where the market is likely to stay until a clearer catalyst arrives — the CLARITY Act signing or a further shift in the rate outlook are the most plausible near-term triggers.
Ethereum & Altcoins
Ethereum pulled back to around $1,733. XRP slipped to $1.17, Solana and Cardano both moved lower, and BNB edged down. Hyperliquid's HYPE was the week's standout performer — up around 28% over seven days after reaching a new all-time high — though it pulled back on Thursday as the broader risk-off move weighed. The GMCI 30 index tracking the top 30 cryptocurrencies by market cap is down on the session, bringing its year-to-date decline to nearly 36%.
Macro & Institutional
The Fed held at 3.5%–3.75% as expected, but the hawkish dot plot was the session's defining moment — nine of nineteen officials now project at least one hike this year, a marked shift from March. Warsh's first statement was stripped to 132 words, dropped forward guidance entirely, and ended with a single assertion: the FOMC "will deliver price stability." Five task forces were announced to review Fed communications, the balance sheet, data sourcing, the inflation framework, and AI's role in the economy. The message is clear — Warsh is focused on inflation and is deliberately reducing the hand-holding that markets have relied on under Powell. The near-term implication for crypto is a higher-for-longer rate environment with less predictable guidance, both of which cap upside.
On the geopolitical side, the U.S. and Iran signed the interim framework at a dinner in Versailles — earlier than the planned Switzerland ceremony. The 14-point deal covers a permanent ceasefire, gradual easing of U.S. oil sanctions, and Hormuz reopening within 30 days. Nuclear negotiations begin in Switzerland this weekend. Brent at $78 is now down nearly 11% on the week, and the IEA projects a global oil surplus of over 5 million barrels per day by 2027 once Middle Eastern production recovers — a structural shift that, if it holds, should meaningfully reduce the inflation premium that has driven hawkish central bank positioning since February.
SpaceX pulled back on Wednesday before recovering in premarket. The company announced a $60 billion all-stock acquisition of Anysphere, the startup behind AI coding agent Cursor — its first deal since going public and a direct move into the AI infrastructure space.
Looking Ahead
The Bank of England decision lands today — a hold at 3.75% is widely expected, but Bailey's forward guidance on inflation and the Iran deal's energy implications will be closely watched. U.S. jobless claims and the Philadelphia Fed manufacturing index also release, offering an early read on whether the labour market resilience underpinning the hawkish Fed shift is holding. For Bitcoin, the CLARITY Act's July 4 working deadline and progress of Iran nuclear negotiations in Switzerland this weekend are the two variables most worth watching. A deal that meaningfully reduces the energy inflation premium — combined with regulatory clarity, would be the combination most likely to break the current range.
Author: Iliya Kalchev, Analyst at Nexo’s Dispatch
This material is produced by Nexo for informational purposes only and does not constitute financial, investment, legal, or tax advice, or a recommendation to transact in any digital asset. Views are the author's as of the date of publication and may change without notice. Information is from sources believed reliable, but Nexo makes no warranty as to its accuracy and accepts no liability for any loss arising from reliance on this material.
Daily analysis of crypto markets and the forces shaping them, from the Nexo research desk.
Bitcoin pulls back toward $64,000 as a hawkish Fed overshadows the Iran peace dealThe crypto market is closing the week on a cautious note as two developments weigh on sentiment — the cancellation of planned U.S.-Iran nuclear talks in Switzerland and the continued repricing of the Fed's rate outlook. Bitcoin settled around $63,000, while Ethereum fell to $1,700, with the broader crypto complex marginally lower. U.S. markets are closed for the Juneteenth holiday, leaving global equities in holiday-thinned trading. Brent crude is hovering near $80, on course for a weekly decline of around 9% — its steepest in months, as Hormuz shipping shows early signs of recovery. The dollar index is near a 13-month high, gold is down to around $4,135, and the yen is approaching 40-year lows against the dollar, prompting fresh verbal warnings from Japanese officials.
Bitcoin
Bitcoin is trades above $63,000, on course for a modest weekly loss after briefly recovering toward $67,000 earlier in the week on Iran deal optimism. The Fed's hawkish dot plot — nine of nineteen officials now projecting at least one hike in 2026, has proved the more durable driver, pulling Bitcoin back toward the lower end of the range it has held for nearly two weeks. A hold above the $59,000–$60,000 lows set earlier this month remains the key structural test.
Spot Bitcoin ETFs recorded outflows for a sixth consecutive week, though the pace continues to decelerate — a marginal positive within an otherwise cautious picture. On the derivatives side, there has been notable buying of put options spanning expirations from late June through July, with strikes clustered around $55,000–$60,000, reflecting near-term hedging activity rather than a directional call on the longer-term cycle.
Beneath the price action, Bitcoin's network fundamentals tell a more constructive story. Total daily transactions have climbed above 800,000 — near the highs of the 2023–2025 bull cycle, driven by a sharp rise in microtransactions. The Bitcoin Network Activity Index has risen steadily since January and is now only around 7% below its all-time high, having broken above its long-term trend in late March and held there even as prices moved lower. Network activity diverging positively from price is a structural signal worth watching as the market consolidates.
Ethereum & Altcoins
Ethereum pulled back to around $1,695. XRP slipped to $1.13, Solana fell to around $69, and BNB moved lower on the session. Hyperliquid's HYPE was the week's clear standout — up around 13% on the week despite pulling back on the day. On the institutional side, a major Wall Street bank filed amended ETF applications for both Ethereum and Solana spot funds. The filings include staking provisions, with a portion of held assets to be staked through established infrastructure providers. The bank's Bitcoin ETF, launched in April at the same fee rate, has already accumulated over $300 million in net inflows — a useful reference point for the appetite these products can attract when priced competitively.
Macro & Institutional
Planned U.S.-Iran talks in Switzerland were cancelled on Friday after Vice President Vance withdrew from the meeting. The cancellation does not invalidate the interim agreement — the U.S. has lifted its naval blockade of Iranian ports, tankers have begun transiting the Strait of Hormuz, and 18 transits were recorded across June 17–18, the highest single-window count of the conflict. A 60-day negotiation period for nuclear and broader issues remains in effect.
Brent is near $80, on course for its sharpest weekly decline in months. The IEA projects a global oil surplus of over 5 million barrels per day by 2027 once Middle Eastern production fully recovers — a structural shift that would meaningfully reduce the energy inflation premium embedded in current rate expectations. The dollar index is testing 13-month highs near 100.76 as markets price an 80% probability of a Fed rate hike by year-end. The yen is approaching 162, prompting increasingly direct verbal warnings from Tokyo about intervention — with the U.S. holiday creating a lower-liquidity window that has historically preceded Japanese currency interventions. Gold is on track for a third consecutive weekly decline as the higher-for-longer rate environment continues to weigh on non-yielding assets.
Looking Ahead
Monday brings ECB President Lagarde speaking, setting the tone for European rate expectations following last week's hike. Tuesday delivers the BoJ Core CPI reading alongside a wave of global PMI data — U.S. manufacturing and services PMIs will offer the first read on how falling oil is feeding through to business sentiment. Wednesday brings the ECB Economic Bulletin and the Fed's bank stress test results — the latter a useful gauge of the financial system's resilience heading into a potentially tighter rate environment. Thursday is the week's defining day — U.S. Core PCE for May lands alongside Q1 GDP and initial jobless claims, forming a near-complete picture of where inflation and growth stand. Core PCE is the Fed's preferred inflation gauge and the first major data point to test Warsh's hawkish framing — a reading above expectations would reinforce the case for a September hike, while a softer print would provide some breathing room for risk assets. For Bitcoin, the $59,000–$60,000 floor remains the key structural reference — holding above it keeps the consolidation thesis intact. The CLARITY Act's July 4 working deadline remains the most significant domestic catalyst on the horizon.
Author: Iliya Kalchev, Analyst at Nexo’s Dispatch
This material is produced by Nexo for informational purposes only and does not constitute financial, investment, legal, or tax advice, or a recommendation to transact in any digital asset. Views are the author's as of the date of publication and may change without notice. Information is from sources believed reliable, but Nexo makes no warranty as to its accuracy and accepts no liability for any loss arising from reliance on this material.
In a pattern that has been rinsed and repeated countless times this year, crypto markets are crumbling as Bitcoin failed to hold support. The altcoins are still hopelessly tied to their big brother so any pain for it is magnified for them.
Over $20 Billion Exits Crypto Space Over the past 24 hours crypto markets have shrunk to their lowest levels for almost three months. As billions left the space total market capitalization plummeted to $245 billion. All gains since late May have now been wiped out and altcoins are in danger of returning to their crypto winter levels if the rout continues.
total market cap YTD – coinmarketcap.com According to Tradingview.com Bitcoin dominance is still at 71.5% despite a thousand dollar dump. This means that the altcoins have suffered greater losses today, many of them in double digit declines. Bitcoin’s intraday high to low marks a loss of around 9% however the pain is greater elsewhere on crypto markets.
Ethereum, which has seen prices eroding for the past two months, has capitulated below $170 in a 10 percent plunge overnight. A death cross on the four hour chart a few days ago is about to be repeated on the daily chart as the 50 day moving average drops closer to the 200 day MA. This is a major bearish indicator which signals continuation of the down trend.
Development work on the Ethereum network is still ongoing with six new upgrades planned in the Istanbul hard fork slated for mid-October. This has not prevented the bears dumping the asset in panic over big brother’s fall through support however.
There has been little love for XRP either as the Ripple token gets crushed back to a yearly low of $0.25. A lot of bad press and FUD has inspired little confidence in the world’s third largest crypto asset recently.
The rest are faring no better with double digit losses for Litecoin, Binance Coin, EOS, Monero, Cardano, Tron, Dash, Ethereum Classic, Tezos and Chainlink. There are only a handful of low cap altcoins surviving the purge today and they include Golem, SOLVE and HedgeTrade.
The mess has not been missed by industry observers with RT anchor, Max Keiser, commenting;
“#Bitcoin dominance climbs as alt-season fails to materialize and alts resume downward trek to oblivion. BCH and BSV have another 90% drop to go.”
#Bitcoin dominance climbs as alt-season fails to materialize and alts resume downward trek to oblivion. BCH and BSV have another 90% drop to go. pic.twitter.com/muSHYRh6H1
— Max Keiser (@maxkeiser) August 29, 2019
Time to Be Bullish on Altcoins? Some are clinging perilously onto hope however and see opportunity in the misfortune of many crypto assets. ‘WelsonTrader’ tweeted;
“Accumulating some alts within the next 24 hours, as I think we may see a bounce here! Bitcoin may also bounce at support around $9500-$9550! If we break below that, expect a blooody week!”
All eyes are on Bitcoin’s next move as the alts are bound to follow. At the moment it is also clinging perilously onto support around $9,450, but teetering on the edge of a deeper chasm.
DATE – HEDG, the price of which has skyrocketed at the end of 2019 thus ensuring its position in the top 30 cryptocurrencies, is now available for seamless crypto swaps on the #1 instant cryptocurrency exchange service Changelly.com. HEDG is also now available for purchase via Visa or Mastercard.
HedgeTrade (HEDG) is the native token of the self-titled platform HedgeTrade.com, where the world’s best traders share their knowledge by posting their market movement predictions. Users can then purchase those predictions with HEDG tokens. If the prediction comes true, the trader gets the profit, if not, the reward goes back to the investor. Such a simple, contract-powered model makes the interaction between market advisers and investors transparent and mutually beneficial.
HEDG token price has grown more than fivefold since November 2019, thereby attracting the attention of the global crypto community. Today, the token can be traded on a number of cryptocurrency exchanges.
The easiest way to add HEDG to your crypto portfolio is to purchase it on Changelly.com. With over 150 cryptocurrencies listed, the service offers quick and hassle-free swaps for both experienced and novice traders. Changelly also offers the opportunity to buy HEDG with a credit card. To start making profit on accurate price forecasts, one only has to pick HEDG as their cryptocurrency of choice in the Changelly exchange widget, and then enter the address HEDG tokens will be sent to. The whole process only takes a few minutes and is completely safe due to the fact that Changelly doesn’t store user funds on the platform but transfers them directly to the user’s wallet.
“Our HEDG token is the fuel for HedgeTrade’s dynamic predictions marketplace. So we strive to continually build out token solutions for the traders using our platform. Listing HEDG on Changelly gives the HedgeTrade community access to a leading cryptocurrency swap and exchange service. Not only does Changelly offer fast cryptocurrency exchanges with competitive prices, they also enable our traders to have a credit card option for purchasing HEDG. This exciting collaboration with Changelly’s widely popular exchange gives HedgeTrade a massive way to provide value to our users,” – stresses David Waslen, CEO & Co-Founder of HedgeTrade.
“HEDG has been a project I have been watching for the last couple of months and couldn’t be happier to establish the partnership with Changelly. HEDG will now be available for our entire customer base and urge everyone to really get involved.” – Eric Benz, CEO Changelly admits.
About HedgetradeHedgeTrade is a blockchain-based social trading platform that incentivizes accurate price predictions for cryptocurrencies and beyond. Experienced traders can publish predictions for price movements into a smart contract-powered “Blueprint”. To back up their forecast, traders stake varying amounts of HEDG tokens. Newer traders are then able to browse the prediction marketplace, view the Leaderboard to view the top traders, and choose to purchase any of the posted Blueprints with HEDG.
If a prediction turns out correct, everybody wins; the trader gets their stake back and earns from the sale of their prediction Blueprints, while all involved benefit from accurate trade information. When a prediction is incorrect, however, the trader loses their stake and those that bought the prediction get a refund, with early buyers even getting a share of the lost stake. HedgeTrade has created a social trading model that incentivizes accurate predictions in an ecosystem built to maximize profitability for all users.
About ChangellyChangelly is a non-custodial instant cryptocurrency exchange, that acts as an intermediary between crypto exchanges and users, offering access to 150+ cryptocurrencies. The company’s mission is to make the exchange process effortless for everyone who wants to invest in cryptocurrency. Operating since 2015, Changelly attracts over a million monthly visitors who enjoy the high limits, fast transactions, and 24/7 live support. Changelly has an intuitive interface, the best exchange rates, and secure transactions.
For those looking to exchange crypto on-the-go, Changelly offers its official mobile app with fixed-rate exchanges, available for download on the AppStore and Google Play. For those who would like to exchange crypto at a floating rate, Changelly offers the market-lowest fee of 0.25% for all crypto-to-crypto exchanges.
Changelly offers its API and a customizable payment widget to any crypto service that wishes to broaden its audience and implement new exchange options. Dozens of crypto businesses already use Changelly’s API, adding the instant swap feature to their services. The platform also provides an Affiliate program with a 50% revenue share mechanism.
The prolonged downward pressure in the cryptocurrency market could come to an end as the trapped bulls gear up for much-needed upward price momentum.
Chainlink:
Chainlink recently announced teaming up with cryptocurrency lender Celsius. Its native LINK token has been one of the best-performing assets during the 2020 crypto rally. This trend did not last long as it flipped bearish after the market downturn in the second week of March. However, there has been a reversal in this pattern.
At press time, LINK held a market cap of $746.4 million with a price of $2.13. It was up by 1.48% while registering a trading volume of $203.7 million over a period of 24-hours.
Resistance: $2.34, $2.59
Support: $1.94
MACD: MACD indicator exhibited bullish projection for the coin in the near-term as the signal line was hovering below.
CMF: CMF indicator was also bullish for the token
OKB:
The cryptocurrency platform, OKEx had recently announced that its exchange token, OKB has expanded 5 new application scenarios internally and externally and 5 new trading channels for spot trading. This token has also witnessed mild bullishness after sustaining major losses during the first part of March.
At press time, OKB was trading at $4.16, holding a market cap of $249.6 million. Additionally, it recorded a trading volume of $202.5 million and was up by 1.88% over the last 24-hours.
Resistance: $4.515
Support: $3.75, $3.35
Parabolic SAR: The dotted markers present below the OKB price candles depicted a bullish trend for the coin’s price in the near-term.
Awesome Oscillator: AO also aligned with the bulls.
Hedge Trade:
According to David Waslen, CEO of HedgeTrade, the project is essentially based on price predictions stored on the Ethereum network and driven by the smart contracts. A relatively new project, HedgeTrade is planning to add more assets for the traders on its platform.
In terms of its price, HEDG token was trading at $1.62 after rising by 1.63% over the last 24-hours. At press time, the 21st largest cryptocurrency registered a market cap of $467.1 million and a 24-hour trading volume of $456,041.
Resistance: $1.76, $2.07
Support: $1.52, $1.29
Klinger Oscillator: With the signal line below the leading line, KO indicator suggested a bullish phase for the token.
RSI: The RSI was in the overbought zone, this was indicative of a significant buying pressure among the investors in the HEDG market.
Most altcoins have managed to stop themselves from falling in a slippery market. However, there remain quite a few who continue to be stuck in a cycle of sideways movement, largely due to lingering selling pressure.
Tron [TRX]
Tron [TRX] has been pushed down to the 16th position on CoinMarketCap, with its market cap recorded to be $771.78 million. The 24-hour trading volume of the coin was reported to be $813.27 million. The TradingView chart for Tron highlighted that the coin had slipped to new lows as its value stood at $0.0115, while the resistance was marked at $0.0124 and the support was at $0.0092.
According to the Bollinger Bands, the volatility in the TRX market fell but, the moving average that was under the candlesticks indicated a bearish trend.
The market might not be very positive, but the ecosystem of Tron may be eager to embrace its own DeFi ecosystem dubbed ‘Djed.’ which was announced recently by its CEO Justin Sun.
Waves
Waves, ranked 49th on the CMC list, gained by 1.47% over the last 24-hours. The coin with a market cap of $97.32 million was reporting a 24-hour trading volume of $84.29 million. Despite reflecting a solid effort, the coin has been recording a loss of 1.95% since the beginning of the year.
At press time, the value of Waves token was around $0.9754 and the Relative Strength Index showcased the coin had reached a point of equilibrium, one wherein the buyers and sellers were equal.
HedgeTrade [HEDG]
HedgeTrade’s market cap was reported to be $483.78 million, pushing it above various other altcoins to the 22nd position on CoinMarketCap. The coin was reporting a 4.20% growth within the past 24-hours and was being traded at $1.68. Its 24-hour volume was marked at $572.31k, substantially less than other coins. The value of the coin was close to its immediate resistance at $1.82, but the support lay a little low at $1.25.
With green candles forming on the daily charts, the arrival of bulls was clear, and as per the MACD indicator, the trend had indeed switched from a bearish one to a bullish one.
Most of the top 50 altcoins recorded incredible recoveries over the past 2-3 days. While this did not hold good for all coins, as most of them were still suffering from the losses incurred last month, a few coins like Nano and HedgeTrade were actually on a bullish run. A few other alts like Stellar, Lisk and Ontology, on the other hand, were recording a short-term bearish run.
Stellar
Stellar has been doing fine in terms of price. Since the 55% drop on 12 March, the coin has been on an upward run, maintaining constant support at $0.036. However, the attached chart indicated the formation of a symmetrical triangle, one highlighting a 40% chance for a downward breakout
The CMF indicator lay at -0.04, hinting at a downward price outbreak. However, there were 60% chances of an upward breakout; if in this case it turns out to be true, the price might rise to reach the resistance at $0.04.
In other news, the Stellar Development Foundation (SDF) is contributing to fight COVID-19 by launching a charity fund; XLM tokens are being accepted as donations by several charitable organizations, including UNICEF and The Tor Project.
Like Stellar, Nano, after the 57% drop on 12 March, maintained a stable price level for over a week. At the time of writing, the price was maintained its support at $0.42. The chart for Nano highlighted the formation of an ascending triangle, indicating an upward breakout in the market. The Awesome oscillator indicator also confirmed the upward breakout as it lay above the zero line, at press time.
HedgeTrade, with a circulating supply of 288,208,798 HEDG, was ranked 22nd on CoinMarketCap. As seen in the attached chart, the coin had been trending upwards since mid-December 2019, but the market crash on 12 March pushed down the price by 40%.
However, the coin has been trending upwards lately, and there was the formation of a potential ascending triangle, one signaling a further upward breakout. Additionally, the Stochastic RSI indicator was over 80, signaling an ‘overbought’ situation.
Decred [DCR] has rallied 32.44% in the past 24 hours and was up 37% over the past week, at press time. The wider crypto market turmoil has barely affected DCR, which retained its long-term uptrend. Bitcoin [BTC] has shed 4.69% in the past 24 hours adn 19.95% in the past week.
In a post on X, the hybrid consensus crypto asserted that it builds on Bitcoin’s blockchain model by bringing on-chain governance and privacy, among other aspects.
This privacy narrative likely drove the November rally, as ZCash [ZEC] approached $750. Back then, AMBCrypto pointed out that overheated spot markets could see a DCR pullback.
Decred remains long-term bullish Source: DCR/USDT on TradingView Decred saw a steep pullback after its nearly vertical rally in the first week of November. At that time, DCR had rallied from $20.23 to $68.44 in just 16 hours. This was an incredible 238% move that was wiped out entirely in a month.
Yet, as the 3-day chart showed, the $40 resistance zone had been overcome, if only briefly. This signaled bullish strength. Additionally, no major swing lows have been broken on the D3 chart.
The altcoin has set a series of higher lows throughout 2025 and continued the trend into 2026. The OBV made higher highs to reinforce the strength of the buying.
The CMF, another volume indicator with a slightly more nuanced calculation, showed that capital inflows were not consistent during the rallies. Sustained demand instead of a few high-volume sessions to prop up the uptrend would be more welcome.
Lower timeframes show DCR opportunity Source: DCR/USDT on TradingView From the 21st of January to the 6th of February, DCR was trading within a range (purple) that stretched from $17 to $21.36. Recent hours of trading saw a decisive, high-volume bullish breakout.
This breakout, especially at a time of BTC weakness, will attract investors’ attention. A retest of the $21 range highs could offer a buying opportunity targeting $26 and $27.8, the local highs made in January.
Why traders should wait and watch It is highly tempting to buy the relative bullish strength of Decred right away. Yet, the range breakout gave a short-term pullback target. A retest of $21 can be monitored for a bullish reaction before buying.
Final Thoughts The Decred higher timeframe trend has been bullish, evident from the series of higher lows it set throughout the past year. The lower timeframe range breakout could see a pullback toward $21 before a bullish continuation toward $27.8. Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
This week showed good sign of strength for the cryptocurrency market as many different projects continue to post solid gains; DeFi derivative platforms and Web3 mobile tokens were leading the way with double-digit growth. Specifically, Seeker (SKR), Decred (DCR), MYX Finance (MYX), and Hyperliquid (HYPE) had strong performances at over 12% gain.
Seeker Token Surges on Solana Mobile Momentum With Seeker (SKR) increasing a whopping 52% this past week to give a total market cap of more than $130 million; it is now one of the most significant players in mobile Web3 with a price of about $0.02. Launched on January 21, 2026, this native token for Solana Mobile’s second-generation smartphone ecosystem has weathered storms and continues to grow.
Its value is primarily due to its specific utility in the Seeker device ecosystem, such as providing users with the ability to participate in governance, receiving 23.8% annual staking rewards, and access to an SKR commission-free app store. Airdropped nearly 2 billion SKR coins to over 100,000 Seeker smartphone users, as well as 188 early developers of apps.
The Seeker ecosystem produced 9 million transactions and $2.6 billion in total for 265+ dApps during its inaugural season, as per Cryptopolitan. The number of transactions shows a demonstrated level of actual users engaging with the ecosystem that is not only being used for speculation.
Decred and Privacy Focused Cryptocurrencies Gain Traction During the last week, Decred (DCR) was able to gain a lot of investor interest as it posted a 35.6% weekly gain due to a resurgence of interest from investors in cryptocurrency projects that are centered on protecting the privacy of their users from financial surveillance. In addition to being a veteran project within the industry, Decred also incorporates both a POW and POS consensus model in order to create an innovative governance structure.
Decred (approx $23.79) is experiencing increased activity with institutional research reports bringing attention to the hybrid consensus model. The recent implementation of atomic swap technology and improved privacy features via StakeShuffle will provide users who want to send transactions that aren’t censored with another source of fiat currency. Approximately 60% of Decred’s total supply is currently staked, reflecting the community’s robust confidence in Decred.
MYX Finance and Hyperliquid Lead DeFi Derivatives Revival The rise in market value for MYX Finance (+17.76%) and Hyperliquid (+12.78%) indicates a notable shift towards decentralized derivatives trading systems. They are the new generation of DeFi (Decentralized Finance) infrastructure that combines the transparency and security of decentralization with performance metrics used by central exchanges.
MYX Finance, priced at $5.99 per unit and boasting a market capitalization of $1.5 billion, stands out as a frontrunner in the derivatives trading arena. The V2 upgrade of the platform promises zero slippage and cross chain-capable trading. Therefore, the price feeds of derivatives trades will be more reliable due to Chainlink Data Streams being integrated into the platform.
Both companies show a trend in the marketplace for products that have an established use case and a business model for generating income. On February 4, 2026, Hyperliquid made its first direct connection with institutions, allowing traditional finance businesses to trade on-chain derivatives through a licensed counter-party.
Conclusion This week’s top gainers have a diverse theme that reflects certain trends in the crypto market. Infrastructure plays, like MYX Finance or Hyperliquid, are gaining traction among investors as more of them place value on projects that provide real-world utility and have sustainable revenue sources.
Moreover, Seeker’s performance shows that there remains a strong demand from the marketplace for innovation in terms of how to adopt cryptos, especially on mobile devices. Thus, for any investor looking to take advantage of these opportunities, the focus should still be based on fundamentals rather than short-term price action.
AUTHOR
Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.
Altcoins such as Aster (ASTER), Decred (DCR), and Kaspa (KAS) are leading the broader cryptocurrency market recovery over the last 24 hours, as Bitcoin (BTC) holds above $70,000 on Monday, up from the $60,000 dip on Thursday. Technically, the recovery in ASTER, DCR, and KAS lacks momentum and is driven by the short-term easing of selling pressure. If Bitcoin extends the decline, altcoins would likely face similar or more intense selling pressure.
Aster breakout rally struggles to pick up momentumAster rose 11% on Sunday, closing above a long-term resistance trendline connecting the October 7 and November 19 highs. At the time of writing, ASTER is holding above $0.600 on Monday, below the declining 50-day Exponential Moving Average at $0.683, keeping the near-term bias capped.
The technical indicators on the daily chart suggest an increased likelihood of renewed bullish momentum in ASTER, corroborating the breakout rally thesis. The Moving Average Convergence Divergence (MACD) crosses above the signal line on Saturday, starting a positive wave of successively rising MACD histograms. At the same time, the Relative Strength Index is at 50, hovering around its midline, signaling a neutral shift as selling pressure wanes.
The 50-day Exponential Moving Average (EMA) at $0.683, followed by the R1 Pivot Point at $0.740, could serve as overhead resistance.
ASTER/USDT daily logarithmic chart.On the flip side, the crucial support remains the $0.500 psychological mark, followed by a deeper zone at the S1 Pivot Point at $0.434.
Decred extends its rally as buying pressure resurfacesDecred is up 4% at press time on Monday, extending the roughly 30% gains from last week. The privacy coin is holding above the 50- and 200-day EMAs, with the shorter above the longer average, reinforcing a bullish bias.
The MACD remains above the signal line following Thursday's bullish crossover, indicating rising bullish momentum.
The RSI at 70.71 enters the overbought zone, indicating strengthening buying pressure.
The DCR rally approaches the 38.2% Fibonacci retracement level, drawn from the November 4 high of $70 to the December 23 low of $14.21, at $26.12. If DCR clears this level, it could target the 50% retracement at $31.53.
DCR/USDT daily price chart.However, failure to clear that barrier would cap gains and encourage a pullback toward the 23.60% Fibonacci retracement at $20.70.
Kaspa approaches key resistance zoneKaspa steadies above $0.03300 at press time on Monday, significantly lower than the declining 50- and 200-day EMAs, preserving a bearish bias. The rebound from Thursday’s low at $0.02518, coinciding with Bitcoin’s dip to $60,000, reflects an ease in selling pressure.
The MACD histogram has shifted slightly positive after a steady contraction, indicating that the MACD line has crossed above the signal line. Both lines sit near or slightly below zero, so momentum repair remains tentative. Meanwhile, the RSI at 42, below the midline, points to a weak upside impulse.
The overhead supply zone, ranging from the $0.03607 to $0.03865, could cap the recovery. A potential breakout could target the R1 Pivot Point at $0.04751.
KAS/USDT daily logarithmic chart.However, a downside reversal could find support at the S1 Pivot Point at $0.02439.
(The technical analysis of this story was written with the help of an AI tool.)
TLDR Humanity Protocol (H) tops the crypto top gainers list with a 10.91% 24-hour price surge, trading at $0.1437. World Liberty Financial (WLFI) follows with an 8.63% gain and strong volume of $227.7 million. Decred (DCR) climbs 7.12% to reach $25.72 with $9 million in daily trading volume. Sky (SKY) records a 2.17% increase, trading at $0.06752 with a volume of $46.1 million. These crypto top gainers show strong upward momentum despite overall bearish conditions and extreme market fear. Over the last week, the crypto market has been trading in the bearish region. Today, major assets, including Bitcoin, Ethereum, BNB, Solana, and XRP, are all posting losses. The Fear and Greed Index shows a score of 9, indicating extreme fear. However, some digital assets have been trading positively, thus making it to the list of crypto top gainers of the day.
According to CoinMarketCap data, at the time of press, Humanity Protocol (H) leads the top gainers list with a 24-hour price increase of 10.91%. The token trades at $0.1437 with a daily volume of $38,909,103.
Source: CoinMarketCap (Top Gainers) World Liberty Financial (WLFI) follows closely, posting an 8.63% rise and reaching $0.109. It records the second-highest daily volume among the crypto top gainers at $227,754,755.
Decred (DCR) registers a 7.12% price gain, pushing its value to $25.72. The trading volume stands at $9,038,580, marking notable activity. Sky (SKY) climbs 2.17% over the past 24 hours, reaching a price of $0.06752 with a volume of $46,115,834.
LEO, GNO, and XMR Climb as XAUT and TRX Dominate Volume UNUS SED LEO (LEO) advances 1.37% and is now priced at $8.30. The trading volume is relatively low at $1,309,418. Gnosis (GNO) is up 0.92% to $124.34, with $3,165,828 in 24-hour volume.
Monero (XMR), a major privacy-focused coin, gains 0.71% to reach $330.12. It maintains a notable trading volume of $93,237,769. TRON (TRX) rises 0.27%, pricing at $0.2782 and leading the volume chart with $554,184,198 in trades, the highest among all listed.
Tether Gold (XAUT), a gold-backed token, increases 0.26% in price to reach $4,980.34. Its daily volume hits $413,552,584, making it a high-volume asset despite modest price movement. PAX Gold (PAXG) gains 0.22% and trades at $5,013.54 with a strong volume of $290,066,549.
Monero price rebounded nearly 15% over the past week to $350 as investors bought the recent dip to a yearly low. It is close to charting a bullish MACD crossover that could pave the way for more upside in the coming weeks.
Summary
Monero price is close to confirming a bullish MACD crossover on the daily chart. Recent dip buying and demand for privacy tokens have supported XMR price action. On the daily chart, Monero price is on the brink of confirming a bullish MACD crossover, which occurs when the MACD line crosses over the signal line. Such a crossover typically means that buying pressure has started to outweigh the sellers who had been dominating previously.
Monero price has confirmed a falling wedge pattern on the daily chart — Feb. 13 | Source: crypto.news XMR price has also confirmed a breakout from a falling wedge pattern formed when an asset price trades within two converging and descending lines. A falling wedge breakout has historically been one of the most reliable indicators of an impending bullish reversal in trend.
For now, the next key resistance to watch lies at $375, the strong pivot reverse point of the Murray lines. A rally above this could trigger a sharp continuation to as high as $625, where the strong pivot reverse of the upper range lies.
If bulls manage to push past that resistance, the next likely target would be a reclaim of the yearly high at $788.
Demand for Monero is on the rise According to data from crypto.news, Monero (XMR) price rallied to a weekly high of around $350 on Feb. 12, before stabilizing around $334 at press time.
Monero’s rally over the past months has largely been supported by renewed market chatter over privacy as a hedge, fueled by rising global surveillance concerns.
As the European Union prepares to implement stricter bans on anonymous accounts and privacy coins by 2027, and Dubai’s regulators tighten restrictions, users are moving toward XMR.
There’s also demand for the token across illicit marketplaces where bad actors use XMR to circumvent regulatory surveillance. Per a recent report from TRM Labs, nearly 48% of newly launched darknet markets now support XMR exclusively.
Holding a market cap of over $6.1 billion when writing, Monero has navigated a volatile start to the year. After soaring over 75% to a mid-January high of $788.50, the asset suffered a major correction that sent it tumbling to a yearly low of $284 last week.
The crash followed Bitcoin’s drop below the $75,000 psychological support level, an event that spooked the broader market and sparked billions of dollars in liquidations, with privacy coins bearing the brunt of the selloff.
Notably, as of press time, the total market cap of privacy coins was still in pain as it dropped nearly 12% over the past day to $11.4 billion.
However, some of the major players, such as Monero, Zcash (ZEC), and Decred (DCR), have managed to hold gains so far this week as investors capitalized on the recent volatility through dip buying, likely viewing the recent sell-off as a long-term accumulation opportunity.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Decred (DCR) rebounds over 7% at press time on Friday after a three-day decline of almost 14%. Roughly 60% increase in trading volume over the last 24 hours supports the recovery, suggesting heightened spot-market demand. Technically, Decred remains under the shadow of the resistance zone near $26, which has been intact since late November.
Decred takes another breakout attempt at a key resistance zoneCoinMarketCap data show Decred's trading volume is $6.3 million so far on Friday, up 57% in the last 24 hours, consistent with Friday’s recovery and reflecting a buy-side bias among traders.
Decred market statistics. Source: CoinMarketCap Technical outlook: Will Decred extend rally above critical resistance?Decred is trading above $24 at the time of writing on Friday, edging higher after three consecutive days of losses, for over 7% gains so far. The privacy token is trading above the 50-day and 200-day Exponential Moving Averages (EMAs), suggesting a bullish tone.
Still, Decred continues to struggle to surpass the resistance zone near the 38.20% Fibonacci retracement at $26.13, measured from the November 4 high at $70.00 and the December 23 low at $14.21. If Decred clears this zone with a daily close, it could target higher resistances at the 50% and 61.8% Fibonacci retracement levels at $31.54 and $38.07, respectively.
The technical indicators on the daily chart remain mixed, consistent with the fluctuations near the critical resistance zone. The Relative Strength Index (RSI) at 60 shows an upward spike above the midline, suggesting a short-term increase in buying pressure, with further room on the upside before reaching the overbought zone.
However, the Moving Average Convergence Divergence (MACD) has flattened and is at risk of crossing below the signal line, which would reinstate a downward trend. Additionally, contracting green histogram bars indicate a decline in bullish momentum, suggesting further downside for Decred.
DCR/USDT daily logarithmic chart.On the downside, the 50-day and 200-day EMAs at $20.82 and $19.54 could serve as initial support levels.
After rallying to $27, Decred [DCR] was rejected and dropped sharply to a local low of $21. The trend then reversed, with DCR climbing to a local high of $25.34 before pulling back slightly.
At press time, DCR traded at $24.12, marking an 11.72% daily gain. Over the same period, its market capitalization returned to the $400 million level, reflecting stronger capital inflows.
Decred bulls step in to defend key levels After DCR dropped to a low of $21, it jumped into the market and bought, thus effectively defending key levels.
In fact, Buyer’s strength rose to 62 and has remained above 60 for two consecutive days. At the same time, sellers’ dominance declined to 37. This shift in power dynamics reflected investors’ conviction, as buyers signalled their anticipation of further gains.
Source: TradingView Coupled with that, the Accumulation and Distribution Volume showed a higher accumulation rate for the first time in two days. At press time, Volume Moving Average rose to 93k, with the Volume and A/D volume jumping to 40k and 14k, respectively.
An increase in the accumulation volume indicated that sellers were displacing the market. Buy-Sell Volume further validated this fact, with buy volume increasing to 22.85k.
Source: Coinalyze At the same time, the altcoin’s sell volume dropped to 18.78k, leaving the market with a positive buy-sell delta. A net buying holding at 31 was a clear sign of aggressive spot accumulation.
Historically, increased accumulation has tended to accelerate upside momentum, often a precursor to higher prices.
Is the upside momentum sustainable for DCR? Decred experienced a trend reversal as buyers stepped into the market, bought the dip, and avoided further downside pressure.
As a result of the Buyer’s pressure, the altcoin’s Relative Strength Index (RSI) made a bullish crossover, hiking from 55 to 59 as of writing.
With the RSI edging into bullish territory, this suggests renewed market demand. At the same time, its Directional Movement Index (DMI) hovered at 27.
Source: Tradingview The rising DMI indicated strengthened upward momentum driven by buyers. Such market conditions leave DCR in a healthy position with a high likelihood of a trend continuation.
Therefore, if the recently observed demand holds, Decred could flip $25 and target $27, where it was previously rejected. However, if momentum slows, creating a profit-taking window, DCR could pull back toward $20 again.
Final Thoughts DCR rebounded from a $21 slip, rising 11.7% to a local high of 25.34, then retraced to $24.12 at press time. Decred saw a trend reversal as buyers stepped in with conviction, bought the dip, and defended key levels.
Decred [DCR] was among the top gainers on the 22nd of February. The token’s prices have climbed by 14% in the last 24 hours.
The timings for the rally look perfect as a large percentage of the network supply remains locked.
According to a recent tweet from an analyst, 72% of the liquidity supply is locked, with only 28% available to the market. That tight circulating supply creates a structural bullish bias.
Technical breakout confirms a momentum shift On the daily chart, DCR has broken out of a bullish symmetrical triangle consolidation pattern. Usually, breakouts from such formations often signal trend continuation.
At the same time, the RSI has just bounced from an oversold region. This suggests selling pressure has weakened and buyers are regaining control.
The token’s bullish momentum was rebuilding after weeks of consolidation.
Source: TradingView Large holders are increasing That’s not all; the number of unique addresses holding above 100K DCR has surged over the last 24 hours. This indicates accumulation from larger participants.
From past observations, when large holders expand positions during a breakout phase, it often strengthens the bullish outlook. The same scenario seems to be repeating for DCR.
Source: TradingView Network activity signals reduced sell pressure According to AMBCrypto’s recent analysis, DCR transaction fees have flattened over the past month. This suggests reduced transfer activity across the network.
Lower transfer activity can imply fewer tokens moving to exchanges. That often reduces immediate sell pressure.
Combined with the high percentage of locked supply, lower transfer activity strengthens the long-term holder sentiments. The alignment is essential for Decred’s projected rally.
Source: TradingView What’s ahead for DCR? DCR now has multiple bullish factors aligned.
In simple terms, the token’s technicals lean bullish with a 14% daily surge, symmetrical triangle breakout, and the stochastic RSI just rebounding from the oversold zone.
All in all, the long-term momentum indicators also signal a bullish trend continuation. DCR large-holder addresses are on the rise, and 72% of the supply liquidity is currently locked.
If sentiment remains positive, the rally could accelerate. However, sustained volume expansion will be key to confirming continuation.
Final Summary DCR surges 14% after breaking out of a symmetrical triangle, as 72% of supply remains locked. Stochastic RSI rebound and rising large-holder addresses strengthen the bullish continuation outlook.
Decred (DCR) extends gains by 5% at press time on Monday for the fifth consecutive day, with bulls challenging a crucial resistance level. The low liquidity of DCR tokens in the market, driven by steady user staking and treasury buildup, fuels upside moves. Technically, Decred is at a crucial crossroads amid rising buying pressure.
Limited supply boosts DCR demandOn-chain data shows 10.9 million DCR is staked, representing 67.4% of all mined DCR (16.2 million DCR), and cannot be sold for 142 days. Additionally, the treasury holds over 873,000 DCR tokens, removing 5.4% from the circulating supply, limiting the liquidity to 4.40 million DCR. The limited supply in the market boosts demand for the privacy coin among investors.
DCR supply allocation. Source: Decred.supplyTechnical outlook: Will Decred extend gains for a breakout rally?Decred is up 5% at the time of writing on Monday, crossing above the $25.00 level. The short-term recovery tests the 38.2% Fibonacci retracement level at $26.13, measured from the November 4 high at $70 to the December 23 low at $14.21. The crucial resistance has previously capped gains since late November, showcasing intense supply pressure.
A decisive close above this level could target the 50% and 61.8% Fibonacci retracement levels at $31.54 and $38.07, respectively.
The Relative Strength Index (RSI) is at 63 on the daily chart, edging higher, extending its rebound from the halfway line as buying pressure increases. The indicator shows further upside before reaching the overbought zone, suggesting bullish potential. The Moving Average Convergence Divergence (MACD) crosses above its signal line, signaling renewed bullish momentum.
DCR/USDT daily logarithmic chart.However, a downside reversal from $26.13 could signal renewed downside pressure, opening the door to a retest of the 50-day Exponential Moving Average (EMA) at $21.96.
The crypto market continues to show how volatile it can be with a lot of fluctuations in price; underneath those fluctuations is a story of chosen accumulation and the ability to stay the same. Currently, CoinMarketCap’s “Top Gainers” showcases a variety of utility-based protocols that are surpassing the overall market sentiment, alongside those focused on privacy. Even though the market cap has been down lately due to global macroeconomic headwinds such as inflation, certain altcoins are still achieving gains. These gains are driven by developments within their respective ecosystems and a renewed investor interest in decentralized governance.
Decred (DCR) and the Shift Toward Governance Decred (DCR) is leading the current 24-hour cycle with an increase of more than 5.7% and a price of $27.36. Decred has been a long-time favorite of supporters of hybrid consensus mechanisms such as Proof of Work (PoW) and Proof of Stake (PoS). As indicated by this recent increase, it seems that investors are coming back to the projects with solid on-chain governance frameworks.
In today’s world, where there are increasing questions about centralized entities, the possibility of self-funding and community-controlled governance will still have a strong value proposition for long-term shareholders in Decred.
Privacy and Stability in Focus – Monero and PAX Gold Monero (XMR) along with PAX Gold (PAXG), is an impressive gain over the course of this year. Monero is an industry leader in the privacy coin industry, with a surge of 1.45% so far this year, which means it is now worth $325.13 per coin, due to the impressive amount of ongoing demand for financial privacy around the world, despite ongoing government regulations. This increase in value can be attributed to the increasing global financial need for privacy.
According to the PAX Gold (PAXG) price, it looks like we are seeing a “flight to safety,” as we saw an increase in value of 0.51% from $5,192.13. PAXG is a digital currency backed by physical gold, and its price often rises during periods of stock market turmoil. This typically happens when investors seek a value-holding digital asset similar to traditional safe-haven assets.
Low-Cap Momentum and Ecosystem Expansion This report demonstrates the importance of large amounts of trading activity in the mid- to low-cap token markets, with both JUST (JST) and Pippin (PIPPIN) showing this trend. The reported price of JUST has seen an increase of 2.15%, driven by the TRON ecosystem’s sustained high throughput and low-cost fees, all backed by the robust TRON network.
At the same time, the newly developed PIPPIN has generated an impressive amount of volume per its respective price range ($80 million within a 24-hour period). The amount of trading occurring for PIPPIN signals a large amount of speculative interest and liquidity in the memecoin market as well as within the other community-based tokens.
Conclusion The crypto market is now made up of a sophisticated group of investors who have reached the point where they no longer chase after a single trend. This encompasses everything from governance-oriented tokens like Decred and the trustworthiness of gold-linked tokens to the busy trade of ecosystem assets. As regulators worldwide help bring clarity to more of the space, as Reuters mentions with regards to institutional adoption, these top performers will show us the next waves of capital coming into space. For both traders and enthusiasts alike, the key will be to identify protocols that provide real utility and community support outside of all the noise that is created by charts.
AUTHOR
Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.
Altcoins, such as Stable (STABLE), Decred (DCR), and Pippin (PIPPIN), are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30. Technically, the uptrend in STABLE, DCR, and PIPPIN remains sound, but the broader market condition remains a risk to the steady recovery.
Stable gaining traction signals further upsideStable is up over 3% at press time on Friday, extending gains for the fourth consecutive day. The ongoing recovery accounts for roughly 30% gains so far this week and maintains a near-term bullish bias.
The R2 Pivot Point at $0.04181 serves as the initial resistance for Stable.
The Moving Average Convergence Divergence (MACD) is moving above its signal line in the positive territory amid rising MACD histograms, suggesting sustained bullish momentum. Meanwhile, the Relative Strength Index (RSI) at 73 remains overbought, indicating a steady increase in buying pressure could be reaching oversaturated levels.
STABLE/USDT daily price chart.On the downside, the resistance-turned-support R1 Pivot Point at $0.03213 remains a crucial demand level.
Decred extends gains on rising buying pressureDecred edges higher by 10% at press time on Friday, building on Thursday’s 10% rise and marking its eighth consecutive day of uptrend. The DCR token crosses the $35.00 mark and approaches the 61.8% Fibonacci retracement level at $38.07, measured from the November 4 high of $70.00 to the December 23 low of $14.21.
If DCR clears this level with a daily close, it could target the 78.6% Fibonacci retracement level at $49.76.
The technical indicators on the daily chart reaffirm the bullish bias. The MACD histograms rise consistently as the average lines extend higher into positive territory. Meanwhile, the RSI at 79 shows overbought conditions, but the upward trend suggests persistent buying pressure rather than a completed exhaustion pattern.
DCR/USDT daily logarithmic chart.On the flip side, the 50% retracement level at $31.54 could serve as immediate support.
Pippin takes a breather near record highPippin trades around $0.80 at the time of writing on Friday, holding steady after a 9% rebound the previous day. The meme coin is trading near record high levels as it tests the R3 Pivot Point at $0.8012.
If PIPPIN secures a daily close above this level, it would open the door to the R4 Pivot Point at $0.9254.
The MACD and signal line maintain an upward trajectory amid consecutively rising positive histograms. At the same time, the RSI at 73 turns flat in the overbought zone, suggesting stagnation in buying pressure and a potential pullback.
PIPPIN/USDT daily price chart.Looking down, the crucial support for Pippin remains the R2 Pivot Point at $0.6720.
(The technical analysis of Stable and Decred was written with the help of an AI tool.)
Decred [DCR] surged 14% over the past 24 hours, at press time, as market sentiment improves.
Price performance represents only one piece of the puzzle, confirming building momentum. Meanwhile, activity in the spot market suggests that some investors may be positioning for a potential pullback.
Momentum builds as indicators turn bullish The bullish outlook for DCR is supported by indicators that track price momentum and investor sentiment.
The Aroon Indicator, for example, measures trend strength using two lines: Aroon Up (orange) and Aroon Down (blue). When Aroon Up moves above Aroon Down, it signals bullish momentum. The wider the gap between the two lines, the stronger the uptrend.
At the time of writing, DCR’s Aroon Up stands at 100.5%, while Aroon Down sits at 42.5%. This wide divergence reflects strong upward momentum and suggests that buyers remain in control.
Source: TradingView Similarly, the Parabolic SAR provides insight into prevailing market pressure. This indicator plots dots either above or below the price.
When the dots appear below the price, they indicate sustained buying pressure; when they form above the price, they signal selling pressure. The persistence and sequence of these dots help gauge the intensity of the prevailing trend.
Currently, the dots remain below DCR’s price, reinforcing the view that bulls are still active. Taken together, both indicators suggest that investors have little reason to panic at this stage.
Spot investors lean bearish Technical indicators often lag price action, and that may be the case here, as exchange data shows that spot traders have begun to sell.
This observation is based on spot exchange netflow, which tracks the inflow and outflow of tokens to and from exchanges. Higher inflows typically indicate that investors are transferring tokens to exchanges to sell, while higher outflows suggest movement to private wallets, often associated with holding rather than immediate selling.
Weekly, spot netflow data shows net sales of approximately $745,000 worth of DCR. Notably, this marks the third-largest weekly sell-off recorded for the asset since 2022.
Source: CoinGlass If selling pressure continues into the weekend, a period when trading activity often declines, DCR could face additional downside risk as liquidity thins and capital outflows increase.
Should bearish momentum begin to align with the current spot outflows, DCR may face the threat of a steeper correction than what the market has seen so far.
Liquidity flow and chart structure To assess DCR’s likely direction, the chart structure offers additional insight.
DCR currently trades within an ascending channel, steadily trending higher along the formation. Traditionally, ascending channels can act as bearish precursors, often culminating in sharp breakdowns. However, the present setup may differ.
The recent rally has pushed DCR into positive territory on a year-to-date basis, with gains of 106%. The token has also returned to break-even levels for traders who entered around November 18, effectively erasing prior losses from that period.
Source: TradingView Momentum of this magnitude can sometimes defy conventional chart expectations. A decisive breakout above the channel’s upper resistance would confirm continued strength, while prolonged consolidation within the range would signal a pause before the next major move. Either outcome will help clarify short-term momentum.
The importance of this potential defiance lies in precedent. During the October 10 market crash, which triggered broad capitulation across the crypto sector, DCR rallied for 25 consecutive days afterward, gaining 463% and setting a new all-time high of $70.
Whether history repeats itself will depend on how momentum, spot flows, and liquidity conditions align in the sessions ahead.
Final Summary Momentum and sentiment indicators show that DCR is currently in a bullish phase on the chart. Spot traders are cashing out; however, DCR’s broader market dynamics could still support the rally.
Decred (DCR) has been on a steady decline over the past three days. In fact, the altcoin’s price action recently tested a key supply zone near $34.40, before facing strong rejection. Over the last 24 hours alone, the token dropped by 10% despite some upside at press time.
$28 becomes critical demand level DCR is now testing a major demand zone at around $28. At the time of writing, early signs suggested that buyers may be attempting to step in. The Stochastic RSI was aggressively dipping towards an oversold region.
Demand zones often serve as short-term stabilisation points for buyers looking to invest on the dip. However, repeated selling pressure can weaken them.
The reaction at $28 will likely determine the next directional move.
Source: TradingView On-chain metrics send mixed signals Most on-chain indicators seemed to be neutral. There was no strong momentum signal in either direction. The token’s whales appeared to be dormant, despite the recovering buyer activity.
This hinted at a market in a decision phase.
Neutral momentum combined with strong support can favour a bounce. However, a lack of strong bullish confirmation would only increase further uncertainty.
Source: CryptoQuant The number of transactions on the network dropped significantly over the last 24 hours too. Updates like these could send mixed signals to market participants.
DCR’s fall in transactions could also point to a fall in selling pressure. More so given that the market is now buckling under the ripple effects of geopolitical tensions in the Middle East.
As it stands, Decred traders could be observing the market reaction at the current key zone before chipping in for long positions.
Source: TradingView Despite the negative indicators, however, Spot Taker Cumulative Volume Delta data hinted at a surging buyer dominance. In fact, over the last few days, the number of investors and traders in long positions has surged.
Such a surge might be strategic. Especially given that the altcoin’s price action has been testing a key point of interest lately.
Source: CryptoQuant What’s ahead for DCR? Two scenarios stand out for the altcoin’s price action. In case buyers defend the $28-support zone and volume increases, a short-term rebound towards the mid-range resistance could unfold.
On the other hand, if the demand zone fails to hold, selling pressure will accelerate. Then, the price would seek a lower support zone.
For now, DCR is at a technical crossroads. The next move depends on whether buyers can convert this demand zone into sustained upward momentum.
All in all, with the altcoin buyers’ dominance gaining at the expense of fading selling pressure, DCR’s price action is more likely to reverse back to a bullish run.
Final Summary DCR fell by 10% after rejecting the $34.40 supply zone, with the altcoin expected to test the critical support at $28. Neutral indicators hinted at a market at a crossroads as buyers attempt to defend demand.
Bitcoin trades above $72,500 at press time on Thursday, holding its 6% gain from the previous day, contributing to a broader market recovery. The total cryptocurrency market capitalization stands at over $2.43 trillion as the broader market sentiment improves significantly. Decred (DCR), Zcash (ZEC), and Dogecoin (DOGE) lead gains over the last 24 hours, as the broader market risk-on sentiment renews.
Bitcoin recovers above $72,000, lifting all boatsBitcoin exited a long-standing consolidation range below $70,000, jumping 6% on Wednesday. At the time of writing, BTC is holding above $72,500 on Thursday as the 50-day Exponential Moving Average (EMA) capped gains on the previous day.
The declining trend of the 50-, 100-, and 200-day EMAs reaffirms a prevailing bearish bias and could cap extended recovery attempts. The Relative Strength Index (RSI) is at 55 on the daily chart, extending a steady rise above the midline as buying pressure increases. At the same time, the Moving Average Convergence Divergence (MACD) scales toward the zero line amid expanding positive histograms, confirming a bullish bias in trend momentum.
BTC/USDT daily price chart.If BTC clears the 50-day EMA at $74,382, it could target the 50% trend-based Fibonacci retracement level at $78,258, measured from the October 6 high of $126,199 to the November 5 low of $80,600. A decisive close above this level could extend the recovery to the 100-day EMA at $81,801.
On the flip side, the breakout area near the 78.6% trend-based Fibonacci retracement level at $68,839 could serve as a support zone.
The rebound in Bitcoin drove a broader market recovery, resulting in renewed risk-off sentiment. At the time of writing, the total crypto market capitalization stands at $2.43 trillion on Thursday, up over 5% from $2.32 trillion the previous day.
Crypto market capitalization. Source: CoinMarketCapMeanwhile, CoinMarketCap’s Crypto Fear and Greed Index shows a sharp recovery to 29, from 19 on Wednesday, suggesting that bears are losing grip. Still, values below 40 suggest fear in the market, and the neutral zone ranges from 40 to 60. To signal a bull market, the index must cross above 60, indicating renewed investor greed.
Crypto Fear and Greed Index. Source: CoinMarketCapDecred, Zcash, and Dogecoin lead the broader market recoveryDecred is up 7% at press time on Thursday, building gains over the 7% rise from the previous day. The near-term bias is mildly bullish as DCR holds well above the upward-sloping 50-, 100-, and 200-day EMAs.
The privacy coin trades above the 50% retracement level at $31.54, measured from the November 4 high of $70.00 to the December 23 low of $14.21. A decisive close above this level could target the 61.8% Fibonacci retracement level at $38.07.
The MACD stands above its signal line on the daily chart and remains in positive territory, with a modestly positive histogram, suggesting sustained bullish momentum. The RSI at 66 on the same chart stays below overbought territory, indicating persistent buying pressure without an immediate exhaustion signal.
ZEC/USDT daily logarithmic chart.On the downside, initial support is seen at the 38.2% Fibonacci retracement level at $26.13. However, a deeper pullback would expose the 50-day EMA at $24.88.
Meanwhile, Zcash is down 2% at press time on Thursday, following a 10% hike on Wednesday. The declining 50-day EMA merges with the 200-day EMA, signaling a high likelihood of a Death Cross, suggesting Wednesday’s rebound as a short-term recovery in a prevailing downward trend.
A descending trendline near $266, followed by the 200-day EMA at $289, could serve as resistance levels.
The MACD rises from its signal line on the daily chart but remains close to the zero mark, suggesting only modest upside momentum, while the RSI at 44 signals subdued buying pressure after recovering from oversold territory.
DCR/USDT daily logarithmic chart.On the downside, immediate support aligns with the $200 psychological level.
On the other hand, Dogecoin also faces downside pressure near the $0.1000, which capped the 10% gains on Wednesday. At the time of writing, DOGE is down 2% on Thursday, while the downward-sloping 50- and 200-day EMAs serve as overhead resistances keeping the short-term recoveries in check.
To reinstate a fresh uptrend, DOGE should surpass the 50-day EMA at $0.1066, which could extend the upside to the December 31 low at $0.1161 and the 100-day EMA at $0.1240.
The MACD line is marginally above the signal line and hovering just above the zero line, suggesting only modest bullish momentum. The RSI at 47 is just below the midline, reinforcing a neutral bias.
DOGE/USDT daily price chart.On the downside, the recent swing low near $0.0879 could serve as immediate support.
(The technical analysis of this story was written with the help of an AI tool.)
At the time of writing, the altcoin was trading within a bullish structure on the daily chart. Its price has also remained above the EMA – A signal that buyers might still control the short-term trend.
Meanwhile, the momentum appeared to be steady. However, the next question is whether the rally has enough strength to extend itself towards the next liquidity zone.
Source: TradingView Buyers maintain market control According to the recent Spot Taker CVD data, buyers have been dominating activity across the market.
On the spot market, buying pressure seemed to be stronger than sellers’ orders. This suggested that traders may be positioning themselves in anticipation of a further rally.
The same trend was visible in the derivatives market too. Buyers have continued to control the order flow, reinforcing the ongoing bullish momentum.
Usually, when both spot and derivatives markets align on the buy side, rallies often gain additional strength. The same scenario could replicate itself for DCR.
Source: CryptoQuant Whale activity symbolizes early growth Another supportive signal seemed to be emerging from the network activity too.
The number of addresses holding more than $1,000 worth of DCR recorded a slight increase over the last 24 hours. While the growth seemed modest, it indicated that more investors may be gradually entering the market.
Cumulatively, rising holder distribution often supports sustained rallies, especially when it appears in coincidence with a bullish price structure.
Source: TradingView Liquidity at $36.7 now the next focus Finally, from a technical perspective, the next key area now lies above the press time trading range.
Liquidity clusters remain concentrated around the $36.7-resistance level. These zones often act as magnets for the price when bullish momentum builds.
If buyer dominance continues and the current structure holds above the EMA, DCR could extend its move higher. A push towards $36.7 would represent the next logical step in the rally.
At press time, the trend was firmly in the bulls’ favour. The key factor will be whether buyers can maintain control long enough to trigger the next liquidity sweep.
Final Summary DCR has been holding on to a bullish structure above the EMA as buyers dominated both spot and derivatives markets. Growing investor participation could drive a liquidity sweep towards the $36.7 resistance zone.
Decred’s DCR token gained 12% over recent days as privacy coins drew renewed interest amid quantum risk discussions.
The setup supported further upside. However, Spot market activity remained weak, raising concerns about sustainability.
What is driving DCR’s recent momentum? Decred’s [DCR] structure turned bullish over the past 24 hours, supported by strong momentum indicators.
The Aroon Indicator signaled an uptrend, with Aroon Up holding above Aroon Down during the recent move.
Source: TradingView On top of that, the Relative Strength Index (RSI) hovered near 67 at press time. This indicated steady buying pressure without entering overbought territory.
That alignment showed buyers remained in control during the recent rally.
Can DCR continue its breakout move? DCR broke out of a consolidation channel within a broader bull flag pattern formed over several weeks.
The breakout on the 10th of April confirmed renewed buying interest as the price moved higher. If momentum holds, DCR could retest a level last seen 43 days ago.
Source: TradingView However, resistance near $25 and $32 could slow the move. Traders may look to take profits at these levels.
Even so, the structure still favored continuation if buying pressure remains intact.
Why is spot demand still weak? Despite the bullish setup, Spot market activity showed limited confirmation.
Over the past 48 hours, net inflows reached around $68,210, a modest figure compared to the price move. By contrast, weak inflows suggested limited capital backing behind the rally.
Source: CoinGlass This raised concerns about sustainability, as sentiment-driven moves often struggle without strong Spot support. Having said that, narrative momentum could still support price action.
As interest in privacy assets grows, DCR may continue attracting attention despite weak Spot participation.
Final Summary Decred [DCR] gained 12% as renewed interest in privacy coins supported short-term momentum. Growing attention toward privacy-focused assets could keep DCR relevant despite weak underlying demand.
SharpLink Gaming has announced a $200 million capital raise aimed at expanding its Ethereum treasury. As ETH solidifies its role as programmable money and a yield-bearing asset through staking, SharpLink is betting big on its long-term potential. The raise positions the company among a rising class of corporates reshaping capital strategy around blockchain-native assets.
Why SharpLink Is Going All-In On Ethereum In an X post, SharpLink Gaming shared an update stating that the company has secured $200 million capital raise through a direct offering priced at $19.50 per share, and has been backed by four global institutional investors.
According to the company, the capital will be strategically deployed to expand its ETH treasury holdings. Upon full deployment, SharpLink expects its ETH reserves to exceed $2 billion, placing it among the most ETH-heavy corporate treasuries globally.
The company focuses on accumulating ETH, staking ETH to earn sustainable on-chain yield, and consistently growing ETH-per-share for long-term shareholders. Ethereum is becoming the foundational layer of global finance infrastructure for tokenized assets, and SharpLink is built to capture that upside.
According to the DuRtY_Crypto post, Vitalik Buterin recently pointed out that ETH treasuries are increasingly valuable, not just as a store of ETH, but as a different vehicle for people to have access to ETH. Instead of simply buying ETH and holding it, investors are turning to companies that hold and manage ETH treasuries.
DuRtY_Crypto has outlined the irony that was unseen between the Bankless crew, who quickly celebrated the mainstream validation. The PulseChain Sacrifice Wallet has skyrocketed to become the 5th-largest ETH holder in crypto with 171,054 ETH. Before the funds rotated into ETH, the wallet was already commanding attention as the largest DAI holder across all chains. Thus, the expert has commended Richard Heart, the controversial figure behind PulseChain, for executing a strategic pivot that few saw coming.
Ethereum Activity Heats Up As Transaction Volume Nears ATH While prominent figures are raising capital and increasing the ETH treasury’s value, CoinW has also revealed that Ethereum on-chain momentum is surging again. According to data from Etherscan, the network processed 1.87 million transactions on Aug 6th, nearing its all-time high of 1.96 million, which was set back in January 2024.
Meanwhile, the validator queue data shows the ETH pOs exit queue has dropped significantly to 443,164 ETH, worth roughly $1.612 billion. Following the decline, the average exit wait time now sits at 7 days and 17 hours.
With UK regulators officially lifting the ban on crypto exchange-traded notes (cETNs) for retail investors, as reported by CoinW, Ethereum’s performance may experience notable growth. This move signals a major policy shift toward embracing digital asset markets. Furthermore, it will allow individuals to engage in these risk-bearing financial products at their discretion, a move seen as aligning the UK more closely with the global crypto market.
ETH trading at $3,912 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com
The announcement of the launch of mUSD, Metamask’s native stablecoin, marks a strategic milestone for the crypto ecosystem. Indeed, by partnering with Bridge, a Stripe subsidiary, and the decentralized infrastructure M0, Metamask is not just adding a feature: it is reshaping the contours of decentralized finance as we know it.
In brief Metamask launches its stablecoin mUSD, in partnership with Stripe’s Bridge and the decentralized infrastructure M0. mUSD is natively integrated into the wallet for DeFi and will be usable in the real world via Mastercard. Supported by a favorable regulatory framework, Metamask hopes to impose mUSD against the giants Tether and Circle. Metamask, long recognized as the world’s most used self-custody wallet, takes an unprecedented step by integrating a native stablecoin.
Named mUSD, it is not conceived as a simple dollar-pegged token, but rather as the cornerstone of transactions across Ethereum and the Layer 2 solution developed by Consensys.
Its goal is clear: to offer a stable unit of account to navigate the jungle of dApps and DeFi protocols.
Until now, users had to juggle between USDT, USDC or DAI. With mUSD, Metamask introduces a native asset, fully compatible with its own ecosystem, thus reducing dependence on third-party stablecoins.
As a result, this choice strengthens its position in a silent war where every player seeks to capture liquidity.
From a functional perspective, mUSD will be available directly within the Metamask app.
Indeed, deposits, swaps, cross-chain transfers or value bridging: the user will be able to manage all of this in a few clicks, without going through external services.
An integration designed for the real world: Mastercard in sight Beyond purely crypto use cases, Metamask plays the card of massive adoption. Moreover, the company plans to enable, by the end of 2025, spending mUSD in the physical world via the Metamask card, compatible with the Mastercard network.
Concretely, this means a user will be able to pay for purchases at millions of merchants without having to convert their funds into fiat currency beforehand.
This bridge to the real economy is far from trivial. Indeed, it brings the initial promise of stablecoins, the fluidity of global payments, closer to a concrete and tangible application.
Thus, by simplifying the user experience, Metamask hopes to transform mUSD into an exchange standard, both in DeFi and in everyday life.
With the backing of Stripe via Bridge, the initiative gains regulatory credibility and operational robustness.
Furthermore, Stripe is not a minor player: its expertise in global financial flows allows it to provide the compliance layer and reserve management essential to the project’s stability.
A launch that fits into a regulatory turning point The timing is no coincidence either. In the United States, the GENIUS law has finally established a clear federal framework, laying the regulatory foundations for payment stablecoins. This regulatory progress removes much of the uncertainty that hampered innovation and adoption.
Thus, Metamask takes advantage of this window to position itself ahead of the competition.
By combining compliance, decentralized infrastructure M0 and smooth experience, mUSD is now established as a key player in the stablecoin era.
In a market dominated by Tether and Circle, Metamask bets on the ecosystem: users, native integration, real gateway. Consequently, so many assets could turn mUSD into a credible and sustainable alternative.
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Evans S.
Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
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.
The recent passage of the GENIUS Act introduced a new regulatory framework for stablecoins, such as Tether (USDT), drawing increasing attention from traditional and cryptocurrency firms.
Tether’s Regulatory Challenges And Rising Rivals With the stablecoin market growing from $120 billion in October 2023 to $288 billion as of August, Tether’s USDT continues to hold its position as the largest stablecoin.
However, the Motley Fool team has identified three emerging contenders that are poised to disrupt the company’s dominance and present significant competition.
Tether commands nearly 60% of the stablecoin market, but it has not been without controversy. In 2021, the Commodity Futures Trading Commission (CFTC) fined Tether $41 million for “misleading claims” regarding its reserves, which were allegedly not fully backed by US dollars.
Furthermore, Tether’s current reporting practices do not align with the requirements set forth by the recently passed GENIUS Act, which mandates stablecoin issuers to publish monthly disclosures about their reserves.
Notably, the stablecoin issuer only provides these reports on a quarterly basis, potentially opening the door for competitors to capture some of its market share, at least in the United States.
Among the most prominent challengers highlighted is USD Coin (USDC), which boasts a market capitalization of approximately $68 billion. Like Tether, USDC is a fiat-backed stablecoin; however, it has not faced any legal scrutiny regarding its reserves.
The issuer, Circle, has consistently published monthly attestations since USDC’s inception in 2018. The Motley Tool team asserts that this commitment positions USDC as Tether’s primary competitor, especially as regulatory compliance becomes increasingly crucial.
The competitive landscape is further complicated by regulatory developments in Europe. Under the European Union’s Market in Crypto-Assets Regulation (MiCA), stablecoin issuers must obtain regulatory approval and meet strict reserve requirements.
Circle has already achieved compliance with both USDC and its Euro stablecoin, EURC, while Tether has opted to withdraw from the European market entirely.
A New Contender With Ties To XRP Another contender is Dai, now rebranded as USDS, which differentiates itself by adhering to the principles of decentralization. Unlike Tether and USDC, Dai is managed by Sky, previously known as MakerDAO, a decentralized autonomous organization.
This structure allows anyone holding SKY governance tokens to participate in decision-making processes concerning Dai. Rather than being backed by fiat reserves, Dai is a crypto-backed stablecoin, relying on overcollateralized crypto loans.
Lastly, Ripple USD (RUSD) enters the fray as a smaller player with a market cap of around $667 million. Despite its size, the Motley Fool asserts that RUSD’s connection to XRP makes it a formidable competitor.
Ripple, the company behind XRP, has launched RUSD as part of its payment solutions for financial institutions, focusing on efficient cross-border transactions.
Additionally, RUSD has received regulatory approval from the New York State Department of Financial Services, which adds a layer of credibility and could help it gain traction in the market.
Despite the potential threat, Tether’s figures far surpass those of these three challengers. This suggests that the firm’s reign in the stablecoin market may continue for some time. One thing is certain, though: stablecoins are making a notable entrance into the broader financial landscape.
The daily chart shows the market’s total capitalization dropping toward $3.75 trillion. Source: TOTAL on TradingView.com Featured image from DALL-E, chart from TradingView.com
DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
3 minutes ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
3 minutes ago
US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
3 minutes ago
CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
3 minutes ago
Multiple high-performing domestic public mutual fund products have tightened their purchase restrictions.
E Fund Management announced in its latest filing that the E Fund Information Industry Select Fund, managed by Zheng Xi, has cut its purchase limit to 10,000 yuan. The same purchase limit reduction to 10,000 yuan applies to another fund under his management, E Fund Information Industry Fund, while E Fund Global Growth Select Hybrid Fund (QDII) has lowered its purchase limit to 10 yuan. In addition, Guolianan Preferred Industry Fund, Harvest Tech Innovation Fund, and Principal Performance-Driven Fund have also announced purchase limits or adjustments to their limits recently. Jin Zicai, a fund manager closely watched by the market, imposed additional purchase limits on multiple public offering funds under his management, with the four funds involved cutting their purchase limits to 500 yuan starting June 23. Purchase limits on high-performing funds likely stem from multiple considerations: they can avoid return dilution caused by short-term concentrated subscriptions, and proactive limits during overheated market conditions also send risk warning signals to the market. As the first half of the year draws to a close, such moves have become increasingly frequent. Overall, Wind data shows that since June alone, 19 funds with year-to-date net asset value returns exceeding 90% have suspended large subscriptions or adjusted their purchase caps. (Source: Cailian Press)
3 minutes ago
The US stock market's optical communication sector rises across the board in pre-market trading, with Corning up 9.28%.
According to Bitget market data, the U.S. stock market's optical communication sector saw broad pre-market gains, with MRVL rising 4.99%, LITE up 3.24%, Nokia up 3.11%, Corning up 9.28%, and AXTI up 6.69%.
This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Fellow Binancians, Binance will support the Dai (DAI) token swap and rebranding to USDS (USDS). General TradingAt 2026-04-07 03:00 (UTC), Binance will remove all existing DAI spot trading pairs (i.e.,BTC/DAI, DAI/JPY, ETH/DAI and USDT/DAI) and cancel all pending DAI spot trading orders.At 2026-04-09 08:00 (UTC), Binance will open trading for the BTC/USDS, ETH/USDS and USDS/USDT trading pairs.Deposits and WithdrawalsAt 2026-04-07 03:30 (UTC), deposits and withdrawals of DAI tokens will be suspended. Users should ensure they leave sufficient time for their DAI token deposits to be fully processed prior to this time. Deposits of USDS tokens will open at 2026-04-09 07:00 (UTC).Binance will make a separate announcement after the event is completed to notify users when withdrawals of USDS tokens have opened.After the event is complete, withdrawals of DAI tokens will no longer be supported.Binance will handle all technical requirements for users who are involved in this event.Users may refer to the announcement from the project team for more information. Token Swap and Rebranding DAI tokens will assume the ticker of USDS tokens on Binance. All DAI tokens will be swapped to USDS at a ratio of 1 DAI = 1 USDS. Spot At 2026-04-07 03:00 (UTC), Binance will remove and cease trading on all Spot trading pairs for DAI. The exact trading pairs being removed are: BTC/DAI, DAI/JPY, ETH/DAI and USDT/DAI. All trade orders will be automatically removed after trading ceases in each respective trading pair.Binance will remove Trading Bots services for the aforementioned Spot trading pairs where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.Binance will open trading for the BTC/USDS, ETH/USDS and USDS/USDT trading pairs at 2026-04-09 08:00 (UTC). Margin At 2026-03-23 06:00 (UTC),Binance Margin will suspend Cross Margin and Isolated Margin borrowings on the aforementioned pair(s).At 2026-03-31 10:00 (UTC) (Margin Scheduled Removal Time),Binance Margin will remove DAI from Cross and Isolated Margin. The cross and isolated margin pair(s) of the aforementioned token(s) will be removed from Margin. Effective immediately, users will no longer be able to transfer any amount of the aforementioned token(s) via manual transfers and Auto-Transfer Mode for Cross and Isolated Margin into their Margin Accounts. If users hold outstanding liabilities of said token(s), these users may only manually transfer up to the amount of liabilities of that token(s) into their Margin Accounts, less any collateral already available.At the Margin Scheduled Removal Time, Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned Isolated Margin pair(s), which will then be removed from Isolated Margin.At the Margin Scheduled Removal Time, If users hold both collateral and liabilities of the aforementioned token(s) on Cross Margin, the collateral will be used to repay the respective liabilities. If there are remaining collateral or liabilities of the aforementioned token(s), one of two options below will occur:If users only hold the aforementioned token(s) in the form of collateral: If the Collateral Margin Level (CML) is above 2, the aforementioned token(s) will be transferred to users’ Spot Accounts, up to the point when the CML reaches 2. The remaining tokens in their Cross Margin Accounts that are to be removed will then be fully sold. If the CML is below 2, the remaining token(s) in users’ Cross Margin Accounts that are to be removed will be fully sold. If users only hold the aforementioned token(s) in the form of liabilities:If CML is at or above 2, pending orders will not be affected. If the CML is below 2, all pending orders in their Cross Margin Accounts will be canceled. The system will then sell other collateral tokens to buy and fully repay the aforementioned token(s)’ liabilities.Please note that users will not be able to update their positions during the removal process, which may take approximately 3 hours. Users are strongly advised to close their positions and/or transfer their assets from Margin Accounts to Spot Accounts prior to the cessation of margin trading. Binance will not be responsible for any potential losses. A separate announcement will be made for relisting. Portfolio Margin If the aforementioned token(s) remain in the Portfolio Margin Account after the Margin Scheduled Removal Time, they will be automatically liquidated. The removal margin assets will be sold for USDT, and the proceeds will be added to the user's Portfolio Margin balance. Binance is not liable for any losses incurred.Portfolio Margin users are advised to transfer the aforementioned token(s) out of their Margin Accounts to their Spot Accounts and to top up their margin balance before the Margin Scheduled Removal Time where applicable. Users should monitor the Unified Maintenance Margin Ratio (uniMMR) closely to avoid any potential liquidation that may result from the removal of the aforementioned token(s) from the Margin Account. Please Note: For futures perpetual contracts, please refer to the relevant Futures announcements. Refer to this FAQ for more information on how any remaining balances of the aforementioned token(s) in Portfolio Margin users’ Margin Accounts will be treated. Loans At 2026-03-31 07:00 (UTC), Binance Loans (Flexible Rates) and VIP Loan will close all outstanding loan positions for DAI (both loanable tokens and collateral tokens will be closed). Users are strongly advised to repay their outstanding DAI loans before this time to avoid any potential losses. Please refer to the Binance Loans (Flexible Rates) and VIP Loan FAQs for more information. More details are also available in the Binance Loans and VIP Loan Terms and Conditions. Simple Earn From 2026-04-06 08:00 (UTC), Binance Simple Earn will cease support for DAI Simple Earn Flexible and Locked Products. Subscriptions will no longer be available. All remaining DAI Flexible and Locked Products positions, together with any accrued rewards, will be automatically redeemed to users’ Spot Accounts. Users can choose to redeem their assets from DAI Simple Earn Flexible and Locked Products anytime beforehand without deduction of any accrued rewards. After 2026-04-09 08:00 (UTC), Binance Simple Earn will resubscribe the converted USDS assets for Flexible and Locked Products for impacted users, according to the above swap ratio.If there were any changes in the user's DAI balance after the redemption, the resubscription will be conducted based on the user’s previous asset allocation ratio between Flexible and Locked Products with different durations with the remaining USDS balance.Example: The user has 30 DAI in 15-Day Locked Products, 20 DAI in 30-Day Locked Products, and 50 DAI in Flexible Products.If the user’s total DAI balance changes from 100 to 50 before the resubscription, the resubscription amount will be: 15 USDS in 15-Day Locked Products, 10 USDS in 30-Day Locked Products, 25 USDS in Flexible Products.About Locked Products PositionsRewards will be distributed to the user’s Spot Account the day after accrual starts on the new subscriptions (two days after subscription).The duration of the Locked Products will be reset with the new subscription. For example, a DAI 30-Day Locked Products position with 7 days till expiry will be reset to 30 days till expiry for the new USDS 30-Day Locked Products position.After the resubscription, users can redeem the USDS Locked Products positions before 2026-06-08 08:00 (UTC) without deduction of any accrued rewards. Binance Pay At 2026-04-03 08:00 (UTC), Binance will remove DAI from the list of supported cryptocurrencies on Binance Pay. Gift Card At 2026-04-07 03:00 (UTC),Binance will no longer support the creation of DAI Gift Cards. Users may proceed to redeem any unredeemed DAI Gift Cards for DAI tokens before this time. Convert Binance Convert will remove DAI and all associated pairs at 2026-04-07 02:00 (UTC). Convert Low-Value Assets Convert Low-Value Assets will remove DAI at 2026-04-06 02:00 (UTC). Users may choose to convert the low-value assets beforehand. Buy & Sell Crypto At 2026-03-30 03:00 (UTC), Buy & Sell Crypto will remove DAI and all associated pairs. Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-03-20 Disclaimers: USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected]. Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
PANews reported on March 20 that, according to an official announcement, Binance will support the plan to swap Dai (DAI) tokens and rebrand them as USDS (USDS).
Trading Notice: Binance will cease trading and remove all existing DAI spot trading pairs (BTC/DAI, DAI/JPY, ETH/DAI, and USDT/DAI) at 11:00 AM (UTC+8) on April 7, 2026, and will automatically cancel all pending orders. Binance will reopen spot trading for BTC/USDS, ETH/USDS, and USDS/USDT at 4:00 PM (UTC+8) on April 9, 2026 .
Deposits and Withdrawals: Binance will suspend DAI token deposits and withdrawals at 11:30 AM (UTC+8) on April 7, 2026. Note: DAI tokens deposited after this time will not be credited to your account; please deposit in advance. Binance will reopen USDS token deposits at 3:00 PM (UTC+8) on April 9, 2026. Binance will announce the USDS token withdrawal reopening time separately after the token swap and brand upgrade are completed. After the token swap and brand upgrade are completed, Binance will no longer support DAI token deposits and withdrawals.
DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
3 minutes ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
3 minutes ago
US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
3 minutes ago
CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
3 minutes ago
Multiple high-performing domestic public mutual fund products have tightened their purchase restrictions.
E Fund Management announced in its latest filing that the E Fund Information Industry Select Fund, managed by Zheng Xi, has cut its purchase limit to 10,000 yuan. The same purchase limit reduction to 10,000 yuan applies to another fund under his management, E Fund Information Industry Fund, while E Fund Global Growth Select Hybrid Fund (QDII) has lowered its purchase limit to 10 yuan. In addition, Guolianan Preferred Industry Fund, Harvest Tech Innovation Fund, and Principal Performance-Driven Fund have also announced purchase limits or adjustments to their limits recently. Jin Zicai, a fund manager closely watched by the market, imposed additional purchase limits on multiple public offering funds under his management, with the four funds involved cutting their purchase limits to 500 yuan starting June 23. Purchase limits on high-performing funds likely stem from multiple considerations: they can avoid return dilution caused by short-term concentrated subscriptions, and proactive limits during overheated market conditions also send risk warning signals to the market. As the first half of the year draws to a close, such moves have become increasingly frequent. Overall, Wind data shows that since June alone, 19 funds with year-to-date net asset value returns exceeding 90% have suspended large subscriptions or adjusted their purchase caps. (Source: Cailian Press)
3 minutes ago
The US stock market's optical communication sector rises across the board in pre-market trading, with Corning up 9.28%.
According to Bitget market data, the U.S. stock market's optical communication sector saw broad pre-market gains, with MRVL rising 4.99%, LITE up 3.24%, Nokia up 3.11%, Corning up 9.28%, and AXTI up 6.69%.
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance has completed the Dai (DAI) token swap and rebranding to USDS (USDS). Deposits and withdrawals for the new USDS tokens are now open. Spot trading has opened for the BTC/USDS, ETH/USDS, and USDS/USDT spot trading pairs at 2026-04-09 08:00 (UTC). For users with running Spot Copy Trading portfolios, pairs can be included by enabling them in the [Personal Pair Preference] section of the Spot Copy Trading settings. Please Note: The distribution was conducted at a ratio of 1 DAI = 1 USDS. Users may view their token distribution history here.Users may obtain their assigned USDS token deposit addresses here. Users can deposit old DAI tokens (BEP20) and swap them for new USDS tokens at 1:1 using the Convert function. Deposits and conversion of old DAI tokens may be stopped without prior notice.Withdrawals of old DAI tokens will no longer be supported. There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For more information, please refer to: Binance Will Support the Dai (DAI) Token Swap and Rebranding to USDS (USDS) Thank you for your support! Binance Team 2026-04-09
