Track market-moving stories before they get noisy

trade.xyz launches contract trading for Japanese storage stock Kioxia (KOXIA)

According to official announcements, trade.xyz has launched contract trading for Japanese storage stock Kioxia (KOXIA), supporting up to 10x leverage. The Kioxia (KIOXIA) product tracks the value of each common share of Kioxia Holdings Corporation, listed on the Tokyo Stock Exchange (stock code: 285A). Its price conversion mechanism converts the underlying Japanese stock price from yen to U.S. dollars based on the current USD/JPY exchange rate. Kioxia manufactures NAND flash memory and solid-state drives (SSDs) for use in data centers, consumer electronics, mobile devices, and enterprise storage.

2 minutes ago

Japanese storage chip manufacturer Kioxia's share price rose more than 12%

According to Bitget market data, the share price of Japanese storage chip manufacturer Kioxia Holdings (铠侠) surged by 12%.

2 minutes ago

Coinbase secures Luxembourg’s MiCA license, to base its EU operations in Luxembourg.

According to an official announcement, Luxembourg has officially become Coinbase’s registered MiCA Home under the EU’s Markets in Crypto-Assets (MiCA) framework. Moving forward, Coinbase will use Luxembourg as its EU business hub to provide compliant crypto asset services for users across EU member states.

2 minutes ago

The KyberSwap attacker has transferred another 2000 ETH to Tornado Cash, with over 80% of the stolen funds now laundered.

According to PeckShield’s monitoring, an address identified as the KyberSwap attacker has once again transferred 2,000 ETH to Tornado Cash. Over the past two years, this attacker has cumulatively transferred and mixed 16,100 ETH via Tornado Cash, equivalent to roughly $40 million at current prices, accounting for over 80% of the $48.8 million lost in the KyberSwap attack in November 2023. Some of the stolen funds have not yet been fully transferred.

2 minutes ago

James Wynn closed out his 40x Bitcoin short position, netting $30,000 in profits, and shifted to opening a 50x S&P 500 short position.

According to monitoring by OnchainLens, James Wynn has liquidated his 40x leveraged Bitcoin (BTC) short position, pocketing roughly $30,000 in profit. He subsequently opened a new 50x leveraged S&P 500 (SP500) short position at a price of 334.42, betting on a future decline in the US stock market.

2 minutes ago

Micron's conference call delivers strong signals: the memory shortage will continue until 2028, and AI long-term contracts are rewriting the industry cycle narrative.

Micron Technology (MU) revealed in its early-morning earnings call that its strategic customer agreements rose from 1 to 16 sequentially, covering roughly 20% of its DRAM shipments and around one-third of its NAND shipments. Of these deals, 14 calculated at minimum contract prices represent a cumulative remaining revenue of approximately $100 billion. CEO Sanjay Mehrotra said these agreements will "fundamentally transform" the company’s business model. The key takeaway for the market is that Micron is being repositioned from a highly cyclical memory stock to an AI infrastructure provider with far greater revenue visibility. During the call, Micron disclosed it expects industry tightness to persist beyond 2027, and even as supply gradually improves in 2028, there is no clear timeline for supply to catch up with demand. Management attributed this gap to the large scale, complexity, and long lead times of new semiconductor fab construction. CFO Mark Murphy noted that DRAM revenue jumped 343% year-over-year to $31.3 billion, while NAND revenue surged 361% YoY to $9.9 billion. DRAM prices rose in the low-60% range, and NAND prices increased in the mid-80% range. He explained that the quarter’s earnings, which handily beat market expectations, were driven more by pricing power and supply-demand imbalances rather than just shipment volume. The company forecasts capital expenditure of roughly $10 billion this quarter, and $27 billion for full fiscal 2026. Fiscal 2027 quarterly capex will exceed the FY2026 fourth quarter level, with more than half allocated to cleanroom construction. However, the CFO also stated that free cash flow for the current quarter is expected to continue rising sharply. Overall, the call’s messaging sent three key signals to the market: persistent memory shortages, customer willingness to sign long-term agreements, and further upside for prices. This drove Micron’s (MU) shares to surge nearly 16% in U.S. post-market trading.

2 minutes ago

trade.xyz launches contract trading for Japanese storage stock Kioxia (KOXIA)

According to official announcements, trade.xyz has launched contract trading for Japanese storage stock Kioxia (KOXIA), supporting up to 10x leverage. The Kioxia (KIOXIA) product tracks the value of each common share of Kioxia Holdings Corporation, listed on the Tokyo Stock Exchange (stock code: 285A). Its price conversion mechanism converts the underlying Japanese stock price from yen to U.S. dollars based on the current USD/JPY exchange rate. Kioxia manufactures NAND flash memory and solid-state drives (SSDs) for use in data centers, consumer electronics, mobile devices, and enterprise storage.

2 minutes ago

Japanese storage chip manufacturer Kioxia's share price rose more than 12%

According to Bitget market data, the share price of Japanese storage chip manufacturer Kioxia Holdings (铠侠) surged by 12%.

2 minutes ago

Coinbase secures Luxembourg’s MiCA license, to base its EU operations in Luxembourg.

According to an official announcement, Luxembourg has officially become Coinbase’s registered MiCA Home under the EU’s Markets in Crypto-Assets (MiCA) framework. Moving forward, Coinbase will use Luxembourg as its EU business hub to provide compliant crypto asset services for users across EU member states.

2 minutes ago

The KyberSwap attacker has transferred another 2000 ETH to Tornado Cash, with over 80% of the stolen funds now laundered.

According to PeckShield’s monitoring, an address identified as the KyberSwap attacker has once again transferred 2,000 ETH to Tornado Cash. Over the past two years, this attacker has cumulatively transferred and mixed 16,100 ETH via Tornado Cash, equivalent to roughly $40 million at current prices, accounting for over 80% of the $48.8 million lost in the KyberSwap attack in November 2023. Some of the stolen funds have not yet been fully transferred.

2 minutes ago

James Wynn closed out his 40x Bitcoin short position, netting $30,000 in profits, and shifted to opening a 50x S&P 500 short position.

According to monitoring by OnchainLens, James Wynn has liquidated his 40x leveraged Bitcoin (BTC) short position, pocketing roughly $30,000 in profit. He subsequently opened a new 50x leveraged S&P 500 (SP500) short position at a price of 334.42, betting on a future decline in the US stock market.

2 minutes ago

Micron's conference call delivers strong signals: the memory shortage will continue until 2028, and AI long-term contracts are rewriting the industry cycle narrative.

Micron Technology (MU) revealed in its early-morning earnings call that its strategic customer agreements rose from 1 to 16 sequentially, covering roughly 20% of its DRAM shipments and around one-third of its NAND shipments. Of these deals, 14 calculated at minimum contract prices represent a cumulative remaining revenue of approximately $100 billion. CEO Sanjay Mehrotra said these agreements will "fundamentally transform" the company’s business model. The key takeaway for the market is that Micron is being repositioned from a highly cyclical memory stock to an AI infrastructure provider with far greater revenue visibility. During the call, Micron disclosed it expects industry tightness to persist beyond 2027, and even as supply gradually improves in 2028, there is no clear timeline for supply to catch up with demand. Management attributed this gap to the large scale, complexity, and long lead times of new semiconductor fab construction. CFO Mark Murphy noted that DRAM revenue jumped 343% year-over-year to $31.3 billion, while NAND revenue surged 361% YoY to $9.9 billion. DRAM prices rose in the low-60% range, and NAND prices increased in the mid-80% range. He explained that the quarter’s earnings, which handily beat market expectations, were driven more by pricing power and supply-demand imbalances rather than just shipment volume. The company forecasts capital expenditure of roughly $10 billion this quarter, and $27 billion for full fiscal 2026. Fiscal 2027 quarterly capex will exceed the FY2026 fourth quarter level, with more than half allocated to cleanroom construction. However, the CFO also stated that free cash flow for the current quarter is expected to continue rising sharply. Overall, the call’s messaging sent three key signals to the market: persistent memory shortages, customer willingness to sign long-term agreements, and further upside for prices. This drove Micron’s (MU) shares to surge nearly 16% in U.S. post-market trading.

2 minutes ago

Hourglass Concludes Stablecoin Deposit Phase 2 and Reveals Mechanism

Hourglass Initiates Overfunding Refund for Stablecoin Pre-purchase Ph

PANews reported on November 18th that, according to an announcement from Hourglass, the second phase of the Stable pre-deposit program's excess refund is now open, and users can claim their USDC refunds through the Merkl platform. The first $1,000 will be fully received, with approximately 45% of any amount exceeding this amount included in the program, and the remaining 55% distributed as a refund. Currently, over $634 million USDC is available for withdrawal, with the remainder available after the program ends. Users need to connect their wallets to the Merkl dashboard to make the withdrawal.

Hourglass Processes Refund for Accidental Stablecoin Deposit Purchases

trade.xyz launches contract trading for Japanese storage stock Kioxia (KOXIA)

According to official announcements, trade.xyz has launched contract trading for Japanese storage stock Kioxia (KOXIA), supporting up to 10x leverage. The Kioxia (KIOXIA) product tracks the value of each common share of Kioxia Holdings Corporation, listed on the Tokyo Stock Exchange (stock code: 285A). Its price conversion mechanism converts the underlying Japanese stock price from yen to U.S. dollars based on the current USD/JPY exchange rate. Kioxia manufactures NAND flash memory and solid-state drives (SSDs) for use in data centers, consumer electronics, mobile devices, and enterprise storage.

1 minutes ago

Japanese storage chip manufacturer Kioxia's share price rose more than 12%

According to Bitget market data, the share price of Japanese storage chip manufacturer Kioxia Holdings (铠侠) surged by 12%.

1 minutes ago

Coinbase secures Luxembourg’s MiCA license, to base its EU operations in Luxembourg.

According to an official announcement, Luxembourg has officially become Coinbase’s registered MiCA Home under the EU’s Markets in Crypto-Assets (MiCA) framework. Moving forward, Coinbase will use Luxembourg as its EU business hub to provide compliant crypto asset services for users across EU member states.

1 minutes ago

The KyberSwap attacker has transferred another 2000 ETH to Tornado Cash, with over 80% of the stolen funds now laundered.

According to PeckShield’s monitoring, an address identified as the KyberSwap attacker has once again transferred 2,000 ETH to Tornado Cash. Over the past two years, this attacker has cumulatively transferred and mixed 16,100 ETH via Tornado Cash, equivalent to roughly $40 million at current prices, accounting for over 80% of the $48.8 million lost in the KyberSwap attack in November 2023. Some of the stolen funds have not yet been fully transferred.

1 minutes ago

James Wynn closed out his 40x Bitcoin short position, netting $30,000 in profits, and shifted to opening a 50x S&P 500 short position.

According to monitoring by OnchainLens, James Wynn has liquidated his 40x leveraged Bitcoin (BTC) short position, pocketing roughly $30,000 in profit. He subsequently opened a new 50x leveraged S&P 500 (SP500) short position at a price of 334.42, betting on a future decline in the US stock market.

1 minutes ago

Micron's conference call delivers strong signals: the memory shortage will continue until 2028, and AI long-term contracts are rewriting the industry cycle narrative.

Micron Technology (MU) revealed in its early-morning earnings call that its strategic customer agreements rose from 1 to 16 sequentially, covering roughly 20% of its DRAM shipments and around one-third of its NAND shipments. Of these deals, 14 calculated at minimum contract prices represent a cumulative remaining revenue of approximately $100 billion. CEO Sanjay Mehrotra said these agreements will "fundamentally transform" the company’s business model. The key takeaway for the market is that Micron is being repositioned from a highly cyclical memory stock to an AI infrastructure provider with far greater revenue visibility. During the call, Micron disclosed it expects industry tightness to persist beyond 2027, and even as supply gradually improves in 2028, there is no clear timeline for supply to catch up with demand. Management attributed this gap to the large scale, complexity, and long lead times of new semiconductor fab construction. CFO Mark Murphy noted that DRAM revenue jumped 343% year-over-year to $31.3 billion, while NAND revenue surged 361% YoY to $9.9 billion. DRAM prices rose in the low-60% range, and NAND prices increased in the mid-80% range. He explained that the quarter’s earnings, which handily beat market expectations, were driven more by pricing power and supply-demand imbalances rather than just shipment volume. The company forecasts capital expenditure of roughly $10 billion this quarter, and $27 billion for full fiscal 2026. Fiscal 2027 quarterly capex will exceed the FY2026 fourth quarter level, with more than half allocated to cleanroom construction. However, the CFO also stated that free cash flow for the current quarter is expected to continue rising sharply. Overall, the call’s messaging sent three key signals to the market: persistent memory shortages, customer willingness to sign long-term agreements, and further upside for prices. This drove Micron’s (MU) shares to surge nearly 16% in U.S. post-market trading.

1 minutes ago

PANews reported on December 31 that Hourglass announced early this morning that the second phase of its Stable pre-deposit program has ended, and deposits are now available for withdrawal. All users who received allocations in the second phase can now withdraw their funds through Merkl, and users with excess refunds can also withdraw through the Merkl dashboard. Users who were not approved to participate in the second phase can withdraw their USDC at any time through the application or directly from the underlying smart contract.

Why BIP-361 Can’t Rescue Satoshi’s Bitcoin, According to Charles Hoskinson

KEY TAKEAWAYS

Network congestion is the most common cause of crypto transaction delays, especially during periods of market volatility or popular events. Transaction fees function as a bidding system, where higher fees incentivize miners to prioritize processing higher-fee transactions over lower-fee ones. Exchange-side reviews, including KYC checks and security holds, frequently delay transactions before they reach the blockchain network at all. Bitcoin processes roughly 7 transactions per second, with confirmation times sometimes exceeding 200 minutes during peak congestion periods in 2026. Layer-2 solutions like the Lightning Network and rollup ecosystems are being developed to address throughput limitations on major chains. Few things test a crypto user’s patience like watching a transaction sit in “pending” status for hours. What was marketed as near-instant digital money can sometimes feel like waiting for an hourglass to drain. In 2026, despite significant improvements in blockchain technology, transaction delays remain a common frustration. 

Understanding why they happen is the first step toward managing expectations and avoiding unnecessary stress. The causes are usually technical rather than mysterious, and in most cases, they involve a combination of network congestion, fee economics, and exchange-level processing.

How Crypto Transactions Actually Work When a cryptocurrency transaction is initiated, it is broadcast to the blockchain network and enters the mempool, a holding area for unconfirmed transactions. Miners or validators then select transactions from this pool and include them in new blocks.

According to Blockchain.com’s support documentation, one of the most common reasons for transaction delays is network congestion, where high transaction volumes create a larger pool for miners to process. 

Each blockchain has its own block time. Bitcoin produces a new block roughly every ten minutes, while networks like Solana and Ripple can process transactions in seconds.

ChangeNow’s 2026 guide explains that waiting time for confirmations exists primarily due to consensus mechanisms, whether Proof of Work or Proof of Stake, inherent block times, and the requirement for multiple confirmations to ensure security.

Network Congestion and The Fee Factor Congestion is the most frequent culprit behind slow transactions. When market volatility spikes or popular events occur, networks become crowded with transactions competing for limited block space. Kriptomat’s analysis notes that during congestion, miners are compensated by transaction fees, which rise as demand exceeds supply. 

A user who sets a low fee may find their transaction deprioritized. CoolWallet notes that Bitcoin can handle approximately 7 transactions per second and may take 60 minutes or longer to confirm, while networks like Ripple can handle over 1,000 transactions per second with confirmation in under 5 seconds. 

As of late April 2026, Bitcoin confirmation times have occasionally exceeded 200 minutes during peak congestion periods. The fee market essentially creates a bidding system. Higher fees incentivize miners to prioritize a transaction, while lower fees push it further back in the queue.

Exchange-Side Delays Are Often Overlooked Many users assume a slow transaction is a blockchain issue when the delay actually occurs before the transaction reaches the network. Exchanges and platforms often impose internal reviews before broadcasting a transaction. Know Your Customer (KYC) checks, anti-money laundering compliance, and security protocols can all add time. 

Exodus wallet’s documentation explains that if a transaction status shows “pending” without a transaction ID, it means the exchange has not yet broadcast it to the blockchain and is still conducting internal checks. 

Security features like 24-hour withdrawal locks triggered by password resets or changes to two-factor authentication are another common source of delay. For fiat-to-crypto deposits made via bank transfer, exchanges may hold funds for up to seven business days until the deposit fully clears.

Spam Attacks and Network Disruptions Beyond organic congestion, some networks face intentional disruption. CoolWallet has documented instances in which bad actors carry out spam attacks by sending large volumes of small transactions with minimal fees to deliberately slow down a network. These attacks create artificial congestion, pushing legitimate transactions further down the queue. 

Network upgrades and forks can also cause temporary processing disruptions. During a hard fork or software update, transaction processing may be temporarily slowed or paused while the network adjusts. These interruptions are typically short-lived but can cause anxiety for users who are unaware they are occurring.

What Users Can Do About Delays There are practical steps users can take to manage or avoid transaction delays. Setting an appropriate transaction fee based on current network conditions is the most effective approach. Many wallets now offer fee estimation tools that suggest optimal amounts. For stuck Bitcoin transactions, some wallets support Replace-By-Fee (RBF), which allows users to rebroadcast a transaction with a higher fee. 

Choosing the right blockchain for the task also matters. For time-sensitive transfers, networks with faster confirmation times may be more appropriate than Bitcoin.

Users can also check block explorers to monitor the status of their transactions and distinguish between network-side delays and exchange-side holds. As ChangeNow’s guide suggests, understanding the factors involved can help users better manage expectations and optimize their transactions.

The Bigger Picture on Transaction Speed The industry continues to work on solutions. Layer-2 networks like Bitcoin’s Lightning Network and Ethereum’s rollup ecosystem aim to process transactions off-chain for faster settlement. Proof of Stake networks have generally delivered faster confirmation times than Proof of Work alternatives.

However, trade-offs exist between speed, security, and decentralization. As blockchain adoption grows, the pressure to improve transaction throughput will only intensify, making ongoing infrastructure development critical for mainstream viability.

FAQs Why is my crypto transaction pending?
It is likely waiting in the mempool for miners to include it in a block or undergoing exchange-side review.

How long do Bitcoin transactions take?
Bitcoin produces blocks every ten minutes, but full confirmation can take 60 minutes or longer during congestion.

Can I speed up a stuck transaction?
Some wallets support Replace-By-Fee, allowing you to rebroadcast with a higher fee to incentivize faster processing.

What is the mempool?
It is a holding area where unconfirmed transactions wait to be selected by miners and included in new blocks.

Do all cryptocurrencies have slow transactions?
No, networks like Ripple and Solana confirm transactions in seconds compared to Bitcoin’s much longer times.

Why does the exchange hold my withdrawal?
Exchanges conduct internal security checks, KYC compliance, and may enforce cooling-off periods after account changes.

What causes network congestion?
High transaction volumes from market volatility, popular events, or intentional spam attacks create backlogs on blockchain networks.

References Blockchain.com – Why Hasn’t My Transaction Confirmed Yet?: https://support.blockchain.com/hc/en-us/articles/217116406-Why-hasn-t-my-transaction-confirmed-yet ChangeNow – Crypto Transaction Confirmations in 2026:
https://changenow.io/blog/how-crypto-transactions-are-confirmed CoolWallet – 8 Reasons Why Your Bitcoin Transaction is Delayed: https://www.coolwallet.io/blogs/blog/delayed-crypto-blockchain-transaction-and-history Exodus – Why Is My Crypto Transaction Pending?: https://www.exodus.com/support/en/articles/8598626-why-is-my-crypto-transaction-pending

Bracket Goes Live: A New Staking Experience

BENQI (QI) Price Jumps 28% On Launch Day, Will Be Pump or Dump?

BENQI Coin is the native cryptocurrency of the BENQI protocol, which is built on the Avalanche network.

What is BENQI (QI)?BENQI (QI) is a decentralized liquidity market protocol built on the high-speed Avalanche smart contract network. QI enables users to lend, borrow, or earn interest using their crypto assets. The team chose Avalanche due to its claimed high scalability, fees, and compatibility with popular plugin wallets.

One of BENQI’s goals is to become a cross-chain hub by connecting Ethereum $1,623, Polkadot, and Binance Smart Chain through Avalanche subnets. QI was founded in 2021 with an investment of $6 million. Its strategic investors include Ascensive Assets, Dragonfly Capital, Mechanism Capital, Arrington XRP Capital, Spartan Group, TRGC, Woodstock Fund, Ava Labs, Morningstar Ventures, GBV Capital, Skynet Trading Ltd, Rarestone Capital, Genblock Capital, and Moon Inc.

BENQI maintains its claim as the number one DeFi project on the Avalanche platform. It offers DeFi users on congested and centralized networks the opportunity to transfer their unused assets to BENQI without any hurdles.

Avalanche allows BENQI users to access decentralized financial services seamlessly and at a low cost, increasing control over their strategies. Developers can choose to use BENQI to create financial products by utilizing the protocol and transferable income tokens. Additionally, BENQI alleviates Ethereum’s network congestion issues by offering a cheaper and faster alternative for Ethereum users.

Where to Buy QI Coin?BENQI Coin can be safely bought and sold through Binance, the world’s largest cryptocurrency exchange by trading volume. QI Coin is traded on the Binance platform in QI/BTC, QI/BNB, QI/USDT, and QI/BUSD pairs.

To buy BENQI Coin, you must first register on the Binance exchange. Once registration is complete, cryptocurrency or fiat currency must be transferred to the Binance wallet. After the transfer is complete, you can purchase QI Coin in one of the four pairs mentioned above. To buy in the QI/USDT pair, you should first go to the interface of this pair. In the limit section of the QI/USDT interface, enter the amount you wish to buy. After specifying the amount, the purchase is made by placing a Buy QI order.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

trade.xyz launches contract trading for Japanese storage stock Kioxia (KOXIA)

According to official announcements, trade.xyz has launched contract trading for Japanese storage stock Kioxia (KOXIA), supporting up to 10x leverage. The Kioxia (KIOXIA) product tracks the value of each common share of Kioxia Holdings Corporation, listed on the Tokyo Stock Exchange (stock code: 285A). Its price conversion mechanism converts the underlying Japanese stock price from yen to U.S. dollars based on the current USD/JPY exchange rate. Kioxia manufactures NAND flash memory and solid-state drives (SSDs) for use in data centers, consumer electronics, mobile devices, and enterprise storage.

1 seconds ago

Japanese storage chip manufacturer Kioxia's share price rose more than 12%

According to Bitget market data, the share price of Japanese storage chip manufacturer Kioxia Holdings (铠侠) surged by 12%.

1 seconds ago

Coinbase secures Luxembourg’s MiCA license, to base its EU operations in Luxembourg.

According to an official announcement, Luxembourg has officially become Coinbase’s registered MiCA Home under the EU’s Markets in Crypto-Assets (MiCA) framework. Moving forward, Coinbase will use Luxembourg as its EU business hub to provide compliant crypto asset services for users across EU member states.

1 seconds ago

The KyberSwap attacker has transferred another 2000 ETH to Tornado Cash, with over 80% of the stolen funds now laundered.

According to PeckShield’s monitoring, an address identified as the KyberSwap attacker has once again transferred 2,000 ETH to Tornado Cash. Over the past two years, this attacker has cumulatively transferred and mixed 16,100 ETH via Tornado Cash, equivalent to roughly $40 million at current prices, accounting for over 80% of the $48.8 million lost in the KyberSwap attack in November 2023. Some of the stolen funds have not yet been fully transferred.

1 seconds ago

James Wynn closed out his 40x Bitcoin short position, netting $30,000 in profits, and shifted to opening a 50x S&P 500 short position.

According to monitoring by OnchainLens, James Wynn has liquidated his 40x leveraged Bitcoin (BTC) short position, pocketing roughly $30,000 in profit. He subsequently opened a new 50x leveraged S&P 500 (SP500) short position at a price of 334.42, betting on a future decline in the US stock market.

1 seconds ago

Micron's conference call delivers strong signals: the memory shortage will continue until 2028, and AI long-term contracts are rewriting the industry cycle narrative.

Micron Technology (MU) revealed in its early-morning earnings call that its strategic customer agreements rose from 1 to 16 sequentially, covering roughly 20% of its DRAM shipments and around one-third of its NAND shipments. Of these deals, 14 calculated at minimum contract prices represent a cumulative remaining revenue of approximately $100 billion. CEO Sanjay Mehrotra said these agreements will "fundamentally transform" the company’s business model. The key takeaway for the market is that Micron is being repositioned from a highly cyclical memory stock to an AI infrastructure provider with far greater revenue visibility. During the call, Micron disclosed it expects industry tightness to persist beyond 2027, and even as supply gradually improves in 2028, there is no clear timeline for supply to catch up with demand. Management attributed this gap to the large scale, complexity, and long lead times of new semiconductor fab construction. CFO Mark Murphy noted that DRAM revenue jumped 343% year-over-year to $31.3 billion, while NAND revenue surged 361% YoY to $9.9 billion. DRAM prices rose in the low-60% range, and NAND prices increased in the mid-80% range. He explained that the quarter’s earnings, which handily beat market expectations, were driven more by pricing power and supply-demand imbalances rather than just shipment volume. The company forecasts capital expenditure of roughly $10 billion this quarter, and $27 billion for full fiscal 2026. Fiscal 2027 quarterly capex will exceed the FY2026 fourth quarter level, with more than half allocated to cleanroom construction. However, the CFO also stated that free cash flow for the current quarter is expected to continue rising sharply. Overall, the call’s messaging sent three key signals to the market: persistent memory shortages, customer willingness to sign long-term agreements, and further upside for prices. This drove Micron’s (MU) shares to surge nearly 16% in U.S. post-market trading.

1 seconds ago

US-Iran Agree on 60-Day Deal Roadmap: Markets Open Monday

trade.xyz launches contract trading for Japanese storage stock Kioxia (KOXIA)

According to official announcements, trade.xyz has launched contract trading for Japanese storage stock Kioxia (KOXIA), supporting up to 10x leverage. The Kioxia (KIOXIA) product tracks the value of each common share of Kioxia Holdings Corporation, listed on the Tokyo Stock Exchange (stock code: 285A). Its price conversion mechanism converts the underlying Japanese stock price from yen to U.S. dollars based on the current USD/JPY exchange rate. Kioxia manufactures NAND flash memory and solid-state drives (SSDs) for use in data centers, consumer electronics, mobile devices, and enterprise storage.

1 seconds ago

Japanese storage chip manufacturer Kioxia's share price rose more than 12%

According to Bitget market data, the share price of Japanese storage chip manufacturer Kioxia Holdings (铠侠) surged by 12%.

1 seconds ago

Coinbase secures Luxembourg’s MiCA license, to base its EU operations in Luxembourg.

According to an official announcement, Luxembourg has officially become Coinbase’s registered MiCA Home under the EU’s Markets in Crypto-Assets (MiCA) framework. Moving forward, Coinbase will use Luxembourg as its EU business hub to provide compliant crypto asset services for users across EU member states.

1 seconds ago

The KyberSwap attacker has transferred another 2000 ETH to Tornado Cash, with over 80% of the stolen funds now laundered.

According to PeckShield’s monitoring, an address identified as the KyberSwap attacker has once again transferred 2,000 ETH to Tornado Cash. Over the past two years, this attacker has cumulatively transferred and mixed 16,100 ETH via Tornado Cash, equivalent to roughly $40 million at current prices, accounting for over 80% of the $48.8 million lost in the KyberSwap attack in November 2023. Some of the stolen funds have not yet been fully transferred.

1 seconds ago

James Wynn closed out his 40x Bitcoin short position, netting $30,000 in profits, and shifted to opening a 50x S&P 500 short position.

According to monitoring by OnchainLens, James Wynn has liquidated his 40x leveraged Bitcoin (BTC) short position, pocketing roughly $30,000 in profit. He subsequently opened a new 50x leveraged S&P 500 (SP500) short position at a price of 334.42, betting on a future decline in the US stock market.

1 seconds ago

Micron's conference call delivers strong signals: the memory shortage will continue until 2028, and AI long-term contracts are rewriting the industry cycle narrative.

Micron Technology (MU) revealed in its early-morning earnings call that its strategic customer agreements rose from 1 to 16 sequentially, covering roughly 20% of its DRAM shipments and around one-third of its NAND shipments. Of these deals, 14 calculated at minimum contract prices represent a cumulative remaining revenue of approximately $100 billion. CEO Sanjay Mehrotra said these agreements will "fundamentally transform" the company’s business model. The key takeaway for the market is that Micron is being repositioned from a highly cyclical memory stock to an AI infrastructure provider with far greater revenue visibility. During the call, Micron disclosed it expects industry tightness to persist beyond 2027, and even as supply gradually improves in 2028, there is no clear timeline for supply to catch up with demand. Management attributed this gap to the large scale, complexity, and long lead times of new semiconductor fab construction. CFO Mark Murphy noted that DRAM revenue jumped 343% year-over-year to $31.3 billion, while NAND revenue surged 361% YoY to $9.9 billion. DRAM prices rose in the low-60% range, and NAND prices increased in the mid-80% range. He explained that the quarter’s earnings, which handily beat market expectations, were driven more by pricing power and supply-demand imbalances rather than just shipment volume. The company forecasts capital expenditure of roughly $10 billion this quarter, and $27 billion for full fiscal 2026. Fiscal 2027 quarterly capex will exceed the FY2026 fourth quarter level, with more than half allocated to cleanroom construction. However, the CFO also stated that free cash flow for the current quarter is expected to continue rising sharply. Overall, the call’s messaging sent three key signals to the market: persistent memory shortages, customer willingness to sign long-term agreements, and further upside for prices. This drove Micron’s (MU) shares to surge nearly 16% in U.S. post-market trading.

1 seconds ago

The current XRP downtrend may have lasted for a long time, but it still maintains a bullish long-term structure and could rebound considerably soon.

At the time of writing, XRP trades at $1.13. Barely one year ago, the coin made a new all-time high of $3.66, breaking its over 7-year peak price. Now, the 69% correction from that peak to the current level comes amid a prolonged price downtrend that has plagued the entire crypto market.

The Broader XRP Structure Still Bullish If the month closes as it stands, XRP would have dropped in 8 of the last 9 months, with the exception being the mild 2% increase recorded in April. This clearly reflects the current state of the market and how bears have dominated proceedings for a long time.

Nonetheless, higher timeframes paint a different picture. While the trend has been corrective for months, the 1-month chart shows that XRP still maintains a bullish structure. The asset has consistently made higher highs and higher lows since inception.

Even the current bear market has not broken this trend. As such, this downward push could be another higher low pattern where price retests key resistance-turned-support zones before another uptrend to new highs.

This consistent broader bullish structure continues to strengthen the narrative that the current prolonged decline could be temporary and part of a broader bullish picture, as long as the asset holds key price levels.

Support Forming at This Key 2021 Level Currently, XRP trades at the support level near $1.10. This is a major demand zone that analysts are closely monitoring because of its significance.

Notably, that level aligns with a former resistance level during the 2021 bull run. Between August and November 2021, XRP struggled to close above the $1.10 resistance. Prices closed at $1.18 in August 2021, $0.95 in September 2021, $1.11 in October 2021, and $0.99 in November 2021 after reaching much higher prices. Eventually, XRP gave way to the bearish pressure, dropping much lower.

However, in November 2024, prices blew past this resistance with strong volume, turning it into a key support area. The coin is back at this area again, and market watchers are observing whether it holds or falls lower.

XRP Support Levels The coin is already finding support here, having rebounded from $1.05 earlier to its current price. Should XRP find stability here and the broader market conditions start to improve, it could start to gain strength.

However, further downside could take XRP to the support levels at $0.76, $0.52, $0.35, and $0.16, as identified in the shared chart. This represents declines of 33%, 54%, 69%, and 86%, respectively.

Good Time to Buy XRP? Notably, several analysts still expect XRP to drop below $1. Analyst CasiTrades believes the coin could drop to $0.87 before any notable recovery, calling that area the ideal “buy zone.” This also aligns closely with the projection from top chartist Ali Martinez.

Nonetheless, analysts believe that always expecting further decline hinders accumulation. With XRP already significantly below prior highs and at multi-year support regions, it has already provided a good entry point. 

Moreover, the current support could hold and invalidate lower calls. In this case, those who buy at the current levels are well positioned for the rebound that could follow. Analysts suggest that reclaiming $1.50 is a sign of a major bullish breakout. A sustained recovery could see XRP retest its ATH at $3.66, representing a 224% increase from the current market price.

Interestingly, market users seem to already be accumulating. Over the past seven days, spot exchange outflows have surpassed inflows, showing that users are withdrawing XRP from exchanges to platforms where they can hold long-term. During this period, inflows stand at $590 million and outflows at $629 million. This bullish trend persits across all timeframes.

Coinglass XRP Spot Flow DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

JD Vance Reveals 7 Iran Negotiation Bombshells, Bitcoin Reclaims $65,000 But Oil Falls

Silver Faces Make-or-Break Level, Will Price Keep Dropping?

Bitcoin is yet to recover from the prolonged market volatility, but selling pressure among long-time Bitcoin holders is easing as they become more willing to hodl their assets.

According to data from crypto analytics platform CryptoQuant, selling activity among Bitcoin's oldest holders has declined significantly as they appear to be growing more confident.

It is important to note that long-term holders who have held Bitcoin for more than five years are commonly referred to as "OGs"; hence, the slowdown in their selling activity suggests that they are no longer willing to sell cautiously.

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Bitcoin OGs now holdingFollowing the decline, the metric has reached its lowest level since late 2024, suggesting that market pressure is easing and Bitcoin might be preparing for a major move.

Apparently, this cycle recorded some of the strongest OG selling activity in Bitcoin's history, especially during periods when the market experienced a brief rally, suggesting that they might have been taking profits.

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During the periods of intense selling from the Bitcoin OGs, the market saw large amounts of Bitcoin — about 10,000 BTC, 30,000 BTC, and even 142,000 BTC — being dumped by long-term holders.

This signaled periods of intense distribution from long-term holders. However, this behavior has seen a significant shift as the average amount of BTC spent by OGs over the last three months has now fallen below 1,000 BTC, currently standing at 962 BTC. This marks its lowest reading since November 2024.

Bitcoin price outlook With Bitcoin currently trading in a downward trajectory, the massive slowdown in its price movement may be attributed to the bearish behavior recently exhibited by the OGs.

With the selling pressure from these traders now fading, analysts believe that Bitcoin may soon experience a reversal in its downtrend and might be preparing for a potential price surge as demand returns.

Leading cryptocurrencies cracked alongside stocks on Tuesday, after a sharp decline in chip-related stocks cast doubts on the sustainability of the AI rally.

Crypto Market Sinks DeeperBitcoin dropped below $62,000 amid heavy selling, while Ethereum bulls failed to defend the support at $1,700. XRP and Dogecoin recorded sharp declines as well.

Over $560 million was liquidated from the cryptocurrency market in the last 24 hours, with $490 million in bullish long positions wiped out, according to Coinglass data.

Roughly $350 million in Bitcoin longs were at risk of liquidation if the price dropped to $60,000.

Bitcoin’s open interest fell 1.39% over the last 24 hours. Whale and retail derivatives traders, meanwhile, bought the dip, adding more long exposure to BTC.

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The global cryptocurrency market capitalization stood at $2.15 trillion, following a decline of 1.63% from the previous day.

Stocks In Red After Chip Stocks TumbleStocks faced heavy sell-offs on Tuesday. The Dow Jones Industrial Average fell 45.87 points, or 0.09%, to close at 51,666.84. The S&P 500 slid 1.44% to end at 7,365.46, while the tech-focused Nasdaq Composite declined 2.21% to close at 25,587.04.

Why This Support Is Significant For BTCAli Martinez, a widely followed cryptocurrency analyst and trader, said that Bitcoin must hold the support at $60,587 to “maintain the current trend.”

Citing on-chain data, the analyst highlighted the $60,000–$63,000 range as one of the largest volume clusters, where over one million BTC changed hands.

Michaël van de Poppe, another well-known cryptocurrency commentator, stated that Ethereum is currently stuck in the middle and needs to break above $1,800 to “regain momentum.”

“If the markets break back into that range, it can move quickly to $2,500+,” Van De Poppe said. “Other than that, it’s very likely to see retests at $1,385 and/or $1,505.”

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trade.xyz launches contract trading for Japanese storage stock Kioxia (KOXIA)

According to official announcements, trade.xyz has launched contract trading for Japanese storage stock Kioxia (KOXIA), supporting up to 10x leverage. The Kioxia (KIOXIA) product tracks the value of each common share of Kioxia Holdings Corporation, listed on the Tokyo Stock Exchange (stock code: 285A). Its price conversion mechanism converts the underlying Japanese stock price from yen to U.S. dollars based on the current USD/JPY exchange rate. Kioxia manufactures NAND flash memory and solid-state drives (SSDs) for use in data centers, consumer electronics, mobile devices, and enterprise storage.

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Japanese storage chip manufacturer Kioxia's share price rose more than 12%

According to Bitget market data, the share price of Japanese storage chip manufacturer Kioxia Holdings (铠侠) surged by 12%.

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Coinbase secures Luxembourg’s MiCA license, to base its EU operations in Luxembourg.

According to an official announcement, Luxembourg has officially become Coinbase’s registered MiCA Home under the EU’s Markets in Crypto-Assets (MiCA) framework. Moving forward, Coinbase will use Luxembourg as its EU business hub to provide compliant crypto asset services for users across EU member states.

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The KyberSwap attacker has transferred another 2000 ETH to Tornado Cash, with over 80% of the stolen funds now laundered.

According to PeckShield’s monitoring, an address identified as the KyberSwap attacker has once again transferred 2,000 ETH to Tornado Cash. Over the past two years, this attacker has cumulatively transferred and mixed 16,100 ETH via Tornado Cash, equivalent to roughly $40 million at current prices, accounting for over 80% of the $48.8 million lost in the KyberSwap attack in November 2023. Some of the stolen funds have not yet been fully transferred.

1 seconds ago

James Wynn closed out his 40x Bitcoin short position, netting $30,000 in profits, and shifted to opening a 50x S&P 500 short position.

According to monitoring by OnchainLens, James Wynn has liquidated his 40x leveraged Bitcoin (BTC) short position, pocketing roughly $30,000 in profit. He subsequently opened a new 50x leveraged S&P 500 (SP500) short position at a price of 334.42, betting on a future decline in the US stock market.

1 seconds ago

Micron's conference call delivers strong signals: the memory shortage will continue until 2028, and AI long-term contracts are rewriting the industry cycle narrative.

Micron Technology (MU) revealed in its early-morning earnings call that its strategic customer agreements rose from 1 to 16 sequentially, covering roughly 20% of its DRAM shipments and around one-third of its NAND shipments. Of these deals, 14 calculated at minimum contract prices represent a cumulative remaining revenue of approximately $100 billion. CEO Sanjay Mehrotra said these agreements will "fundamentally transform" the company’s business model. The key takeaway for the market is that Micron is being repositioned from a highly cyclical memory stock to an AI infrastructure provider with far greater revenue visibility. During the call, Micron disclosed it expects industry tightness to persist beyond 2027, and even as supply gradually improves in 2028, there is no clear timeline for supply to catch up with demand. Management attributed this gap to the large scale, complexity, and long lead times of new semiconductor fab construction. CFO Mark Murphy noted that DRAM revenue jumped 343% year-over-year to $31.3 billion, while NAND revenue surged 361% YoY to $9.9 billion. DRAM prices rose in the low-60% range, and NAND prices increased in the mid-80% range. He explained that the quarter’s earnings, which handily beat market expectations, were driven more by pricing power and supply-demand imbalances rather than just shipment volume. The company forecasts capital expenditure of roughly $10 billion this quarter, and $27 billion for full fiscal 2026. Fiscal 2027 quarterly capex will exceed the FY2026 fourth quarter level, with more than half allocated to cleanroom construction. However, the CFO also stated that free cash flow for the current quarter is expected to continue rising sharply. Overall, the call’s messaging sent three key signals to the market: persistent memory shortages, customer willingness to sign long-term agreements, and further upside for prices. This drove Micron’s (MU) shares to surge nearly 16% in U.S. post-market trading.

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The leading cryptocurrency, Bitcoin, is stuck between $60,000 and $62,000. According to recent analyses, BTC is testing the $60,000 support level due to the lack of recovery catalysts.

In this context, although Bitcoin rose above $65,000 on Monday, it subsequently fell back to the $62,000 level. The market is now focused on whether the $60,000 support level will hold. It is noted in the market that $60,000 is seen as the most important short-term technical and psychological support level.

According to analysts, institutional investors, who led the rally in the current cycle, are reducing their risk, making a strong recovery unlikely until ETF flows reverse again.

While $60,000 is critical for Bitcoin, one analyst suggested that if BTC breaks the $60,000 support level, it could fall as low as $46,000.

At this point, popular cryptocurrency analyst Ali Martinez stated in a post on his X account that if Bitcoin loses its on-chain support of $60,587, it could fall to $46,702 and even potentially to $37,867.

Based on on-chain data, the analyst noted that the $60,000 to $63,000 range is a significant demand zone where more than 1.3 million BTC is traded.

According to the analyst, maintaining the $60,587 support level is crucial to preserving the current market structure. If this price is broken, a drop to the $46,702 level, where 150,000 BTC is currently trading, is possible. If this support is also broken, the next significant support area will be the $37,867 level, where 207,000 BTC is currently trading.

Finally, analyst Murphy, using a pseudonym, also highlighted the importance of $60,000, stating that Bitcoin would find strong support around the $60,000 level near the June 26 option expiry and that a drop below this level was unlikely.

According to the analyst, a total of 4,620 BTC of put options positions have accumulated at the $60,000 strike price, creating a strong put wall that generates significant buying power and will provide solid support as the price approaches this level.

In this context, the analyst considers $60,000 a strong short-term support level and remains cautiously optimistic about Bitcoin’s short-term performance.

*This is not investment advice.

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Key Highlights Shares reached a 52-week peak of $76.56, gaining 2.32% in Tuesday’s session with a $7.28 billion market valuation Year-over-year gains stand at 40.32%, with a 31.8% increase recorded over the last six months Truist Securities maintains its Buy recommendation with an $85 target, highlighting robust marketplace trends continuing into mid-June First-quarter fiscal 2026 revenue exceeded expectations by approximately 3%, while adjusted EBITDA surpassed forecasts by roughly 5% The company upgraded its fiscal 2026 GMS growth forecast to low single-digit territory; divesting Depop is anticipated to enhance strategic concentration on the primary platform Shares of Etsy (ETSY) climbed to a 52-week peak of $76.56 during Tuesday’s trading session on June 24, closing at $76.65 — representing a 2.32% intraday gain. The performance extends the stock’s impressive year-over-year advance of 40.32%.

Etsy, Inc., ETSY

The company’s market capitalization currently stands at $7.28 billion, with InvestingPro data indicating the shares remain undervalued at current price levels.

The rally coincides with an increasing chorus of optimistic analyst commentary. On June 23, Truist Securities reaffirmed its Buy stance alongside an $85 price objective, highlighting better-than-anticipated sales momentum extending through mid-June.

According to Truist’s examination of payment card transaction data covering the period through June 16, sales performance for the quarter-to-date period is outpacing initial projections. The primary marketplace — when Depop is excluded from calculations — is demonstrating recovery signals in both active buyer counts and gross merchandise sales volumes.

Truist projects that core Etsy marketplace GMS will expand in the mid-single-digit percentage territory on a year-over-year basis during Q2 2026. This would represent the second-strongest growth rate recorded since the pandemic era.

The investment firm attributes the acceleration to enhancements in search functionality, artificial intelligence-driven product discovery features, improved marketing return on investment, and increased mobile application engagement.

First Quarter Performance Exceeds Expectations Etsy’s fiscal Q1 2026 financial results surpassed both internal company forecasts and Wall Street consensus estimates. Top-line revenue came in approximately 3% above expectations, while adjusted EBITDA exceeded projections by around 5%.

In response to these results, Guggenheim increased its price objective to $85 while maintaining its Buy recommendation. JPMorgan similarly raised its target to $75, characterizing the quarter as the first significant expansion in Etsy Marketplace GMS since the third quarter of 2023.

Argus took an even more decisive stance, elevating its rating from Hold to Buy. The research firm highlighted progress in active buyer metrics and GMS per active buyer statistics, which it linked to the company’s investments in personalization technologies and machine learning capabilities.

Following the first-quarter performance, Etsy management elevated its full-year fiscal 2026 GMS growth guidance to low single-digit percentage growth.

Strategic Divestiture of Depop Expected to Enhance Focus The upcoming divestiture of Depop represents another significant development in Etsy’s strategic narrative. Company leadership intends to leverage this transaction to concentrate resources and attention on the core marketplace business.

The transaction is also projected to generate liquidity that could fund expanded share repurchase initiatives. According to InvestingPro metrics, management has already demonstrated a commitment to aggressive stock buyback programs.

Etsy’s PEG ratio currently registers at 0.46, indicating shares are trading at an attractive price-to-earnings valuation when normalized for projected growth rates. The company maintains gross profit margins of 71.6%.

During the 2026 Annual Meeting, shareholders approved the appointment of three Class II board members — M. Michele Burns, Josh Silverman, and Fred Wilson — who will serve three-year terms concluding at the 2029 annual gathering.

Truist continues to hold an optimistic perspective on Etsy’s trajectory as the quarter approaches its conclusion, with shares now trading at their strongest level over the past twelve months.

The once-high-flying AI chip maker's stock has now dropped more than 50% from its all-time intraday high hit six weeks ago.