The illustrator behind the viral “Chill Guy” meme is warning CHILLGUY holders that he plans to take legal action against the Solana (SOL)-based memecoin over copyright issues.
According to a new Decrypt report, Chill Guy creator Phillip Banks recently took to the social media platform X to threaten legal action against unauthorized, for-profit uses of his viral cartoon.
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“just putting it out there, chill guy has been copyrighted. like, legally. I’ll be issuing takedowns on for-profit related things over the next few days.”
Phillip Banks has locked his X account since the post. Per a screenshot from X user TheDeFiApe, Banks plans on going after unauthorized merchandise and memecoins.
Source: TheDeFiApe/X Despite Banks’ protest, Crypto.com announced yesterday that the exchange was listing CHILLGUY. Gate.io, the tenth-largest crypto exchange by trading volume, also launched CHILLGUY trading yesterday as a “Pilot Section” project.
“CHILLGUY just launched on Gate.io’s Pilot Section and already skyrocketed 1065.01% in its first 24H!
From TikTok sensation to explosive memecoin – CHILLGUY showcases the incredible potential of Gate.io’s Pilot Section projects.”
Though the Chill Guy crypto project has yet to issue an official response, a meme posted to the memecoin’s X account this morning appears to be directed at Banks.
“Keep your crypto donations I’ll enjoy my Xbox.”
Source: chillguyx/X CHILLGUY is trading for $0.381 at time of writing, down 5.5% in the last 24 hours. Chill Guy is down 18.6% from its all-time high of $0.479, reached yesterday. Following Banks’ tweet, CHILLGUY fell about 54%. The extremely volatile memecoin was created less than seven days ago.
CHILLGUY has soared to a $420 million market capitalization despite legal threats from the original artist.
A coin inspired by a viral TikTok meme is trading at a market capitalization of nearly half a billion dollars, prompting a wave of internet celebrities to try their luck in the memecoin trenches.
‘Just a Chill Guy’ is a smirking cartoon dog wearing casual clothes created by artist Philip Banks last year. The character has been making the rounds on social media, with users identifying with its calm and cool demeanour.
The CHILLGUY token launched via the Solana platform PumpFun on Nov. 15. One week later, it’s trading at a $420 million market cap and has amassed an astonishing 120,000 holders – more than PNUT and GOAT, according to HolderScan.
Major Memecoin Holder CountsThe token is sustaining momentum despite Banks threatening the project with legal action.
“Chill guy has been copyrighted. Like, legally. I'll be issuing takedowns on for-profit-related things over the next few days,” Banks said on Nov. 21, prompting the CHILLGUY token to briefly plunge by 50%.
In response, the community has created a donation wallet for Banks, hoping to get his endorsement. It currently holds roughly $300,000 in various tokens, primarily CHILLGUY.
It remains unclear whether Banks will be amenable to a compromise, as he has taken his X account private.
Meanwhile, more influencers are trying their hand at memecoins, with mixed results. Mark Kacy, who has over 5 million followers on TikTok, endorsed a KACY token on Nov. 21, sending it soaring to a $70 million market capitalization.
Retail is HereAs Bitcoin flirts with $100,000, a new cohort of retail investors is piling into the memecoin casino.
Moonshot, an app which offers easy access to Solana memecoins through its partnership with MoonPay, broke its single-day onramp record on Nov. 19.
With the Phantom wallet and Coinbase moving higher in app store rankings, it’s pretty clear that retail is here and ready to play.
Solana meme coin Just a chill guy (CHILLGUY) price soared over 40% on Wednesday, defying the broader trend with backing from prominencies. Notably, Binance and some other top exchanges have announced support for the meme coin and MrBeast lauded the meme behind it. Simultaneously, with additional bullish on-chain metrics weighing in, the crypto has garnered significant interest among traders and investors in the market, as indicated by a roughly 25% surge in intraday trading volume.
CHILLGUY Gains Traction Amid Backing From Major Exchanges & MrBeast The meme coin ‘Just a chill guy’ rides an optimistic wave against the backdrop of Binance’s support and some other top crypto exchanges, such as Bybit and KuCoin, listing the token. In an X post, Binance launched perpetual contracts for the meme coin, with traders able to use up to 75x leverage.
Meanwhile, in an official X post dated November 27, KuCoin revealed that it is listing the coin, with deposits now open. Simultaneously, trading for the token is to commence on the same day, with the trading pair CHILLGUY/USDT being added to the platform.
In addition, the crypto exchange Bybit revealed listing the same trading pair mentioned above, with withdrawals starting at 10 AM UTC today. The update also revealed that Spot Grid Bots services will be supported for the token on the platform.
Overall, these listings have ignited an optimistic torrent for the Solana meme coin, paving the path for further investor interaction with the asset. Further, it’s also noteworthy that the coin could see further listings as it continues to gain market popularity.
Notably, the renowned American personality MrBeast took to X on November 26, reiterating that Just a chill guy is the “Biggest meme of our lifetimes.” This statement has added fuel to the optimistic fire for the crypto amid its phenomenal price gains.
However, it’s also noteworthy that the American millionaire was recently accused of partaking in crypto pump-and-dump schemes. Nevertheless, CoinGape Media reported MrBeast to have denied the crypto scam allegations, sparking discussions globally while also adding intrigue to the meme token.
Altogether, the abovementioned events have pushed the Solana meme coin to emerge as the talk of the crypto town, with remarkable gains witnessed in CHILLGUY price whilst the coin continues to eye further bullish movements.
Solana Meme Coin’s Price Rockets Notably, soon after the token’s inception into the crypto realm, it has offered investors remarkable gains. The coin trades whoppingly above its all-time low of $0.2164.
At the time of reporting, CHILLGUY price witnessed gains worth 40% intraday and is trading at $$0.622. Its 24-hour low and high were $0.4156 and $0.648, respectively. The coin’s trading volume witnessed a 23% surge from yesterday to $244.96 million. Moreover, the weekly chart for the crypto indicated gains worth 51%. This bullish trajectory has sparked substantial investor enthusiasm about the asset amid major backing.
Further, Lookonchain data on November 27 indicated that a trader ‘sbfonchain.sol’ sold massive amounts of WIF to buy $1 million of Just a chill guy coin. This data showed a heightened market interest in the asset while also bringing further buying pressure to the crypto.
Simultaneously, another trader, 9cSDZ, spent only $160 to buy 12.5 million CHILLGUY 12 days ago. To date, holding 9.62 million of the same token for a profit of $6.14 million, this trader has garnered further attention to the meme-themed coin. Overall, the abovementioned stats have solidified market optimism on the crypto’s long-term prospects.
However, it’s also worth noting that the crypto also faces risks due to legal action from Phillip Banks, the creator behind the original meme Just a chill guy. Notably, the meme creator expresses his unhappiness with his art usage in the crypto project, primarily for profit-making purposes.
Just a chill guy, a viral meme coin, continued its spectacular rally on Wednesday, helped by robust listings by some of the top crypto exchanges.
Just a chill guy (CHILLGUY) rose to a record high of $0.6575, pushing its market to almost $600 million. This valuation made it one of the best-performing meme coins in the industry. It has become bigger than other popular coins like SPX6900, Turbo, and Memecoin.
Exchange listings boost Just a chill guy This rally was mostly driven by the Fear of Missing out among traders and centralized exchange listings. Binance Futures listed the token on Nov. 27, giving it exposure to tens of millions of its customers. It listed it with a 75x leverage.
Other top exchanges that listed the coin were Bitget, KuCoin, Woo, and BitMart. Historically, cryptocurrencies rally after being listed by major exchanges. This happens as more traders buy them amid the FOMO.
Data shows that the 24-hour trading volume was $338 million, with most of it coming from Bybit, Gate, OrangeX, and Raydium. As such, this volume will likely increase sharply when the new exchanges are included.
Still, the CHILLGUY crypto faces some potential risks. First, the coin could replicate other recently launched hype tokens like Peanut the Squirrel and Act I The AI Prophecy, which went parabolic this month. The two have retreated sharply in the past few days and underperformed most meme coins.
Second, Just a chill guy’s creator has threatened to sue for the use of his creation for commercial purposes. Still, it is unclear whether the lawsuit would have a major impact since it is mostly traded on international exchanges.
just putting it out there, chill guy has been copyrighted. like, legally. I'll be issuing takedowns on for-profit related things over the next few days
— philb (@PhillipBankss) November 21, 2024 CHILLGUY smart money investors are selling Third, there are signs that smart money has started to book profits. Data by Nansen shows that the number of smart money wallets has dropped from 94 last week to about 71 today.
Transactions by smart money investors are a common signal of what some of the biggest holders are doing. More data by Nansen shows that the number of tokens in exchanges has jumped sharply in the past few days. It had over 76.61 million tokens, up by 727% from a week earlier, a sign that some investors have started to exit their trades.
As with most newly new tokens, there is a risk that it could pare back some of the initial gains amid profit-taking. The future price action will likely depend on the performance of Bitcoin (BTC), Solana (SOL), and other coins.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
A trader won a fortune betting on a cryptocurrency inspired by a viral internet meme, which is now worth more than $500 million in market capitalization.
What Happened: On-chain tracking platform Lookonchain took to X Wednesday, highlighting the extraordinary trade of
Just a chill guy (CHILLGUY) token.
The trader turned a mere $160 into a staggering $6.14 million in just 12 days, marking a 38,399X return on investment.
The trader purchased 12.5 million CHILLGUY tokens on Pump.fun, a Solana (CRYPTO: SOL)-based meme coin launching pad, for 0.75 SOL, equivalent to $160. Subsequently, they sold 2.8 million CHILLGUY for 149 SOL, worth $35,400.
The trader still has 9.62 million tokens in their coffers, valued at $6.1 million, resulting in a total profit of $6.14 million.
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The huge windfall planted doubts in the minds of some observers, who called the trader an insider. Since their sale, the price of the token has plummeted as much as 21%.
Schemes like pump-and-dumps have been fairly common in the cryptocurrency market, where a person or group starts to artificially inflate the price. Once unsuspecting investors are lured in and the price is sufficiently "pumped," the holders start dumping their assets at profits.
That said, there was nothing concrete to suggest that the same transpired in the aforementioned case.
The meme coin, based on the “Chill Guy” meme, featuring a dog in a sweater and jeans with a smirk, has quickly grown into a half-billion-dollar market capitalization asset.
Over the last week, the token has jumped over 46% as cryptocurrency traders continue to turn internet memes and trends into money-making possibilities.
The token has a circulating supply of 999.7 million, while its volume-to-market cap ratio stood at 31.08% as of this writing.
Price Action: At the time of writing, CHILLGUY was exchanging hands at $0.5186, down 5.09% in the last 24 hours, according to CoinMarketCap. Its trading volume plunged by 47% to $156 million in the last 24 hours.
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Bitcoin has protected the $100K mark and is consolidating above the all-important price level.
There are several factors that have contributed to Bitcoin’s recent run. For starters, the CBOE Volatility Index is now down to just under 20. Also known as the fear index, the CBOE measures the expected volatility in markets for the next 30 days.
A lower VIX shows less expected volatility and signs of stability. Earlier in the year, the VIX stood at just under 60, representing high uncertainty. However, it’s now come down to a 30-year average of just 20.
The recent de-escalation in the ongoing US-China tariff war has also played a major role in strengthening Bitcoin above $100K. The US has agreed to tariffs of 30%, whereas China will now only impose a 10% tariff on US goods.
This has led to ‘risk on’ sentiment when it comes to Bitcoin investors. Keep reading as we dig into various technical reasons that point towards an even greener crypto market in the coming weeks.
We’ll also recommend three tokens that could be the next crypto to 1,000x if the market remains this bullish.
Bitcoin ‘Risk-On’ Sentiments The US CPI inflation rate has also dropped to 2.3% YOY in April 2025, down 0.1% compared to March. This is the lowest it has been since February 2021. Slowing inflation indicates stable economic conditions, supporting the ‘risk-on’ environment for Bitcoin.
Data from CryptoQuant shows that the Bitcoin Bull Score Index has increased from 20 to 80. While a score of 22-50 indicates neutral to slightly bullish conditions, a score above 80 indicates that Bitcoin is extremely bullish with strong rallies.
Historically, whenever the Bull Score Index has hit 80, it has been followed by strong market rallies.
What’s more, the Bitcoin fear-greed index is also moving up. It now stands at 53.3%. Although you could argue that this is slightly higher, it’s still quite far from the overload zone at 80%.
All these positive market sentiments suggest that Bitcoin may soon break its all-time high and head towards the highly anticipated $135K level.
Trump’s Promise Confirms Bullish Bias Speaking at the Saudi-US investment forum, Trump said that the markets are going to go a lot higher from here.
He said that a lot of investment is happening, and jobs are being created at a pace never seen before. This will propel the equity markets to a new high.
The magic may also pass on to Bitcoin, which has become a ‘safe-haven’ investment for corporations.
Similarly, Twenty One Capital, an investment vehicle backed by Cantor Fitzgerald, now holds a total of 36,312 $BTC. This is after Tether recently bought $458.7M worth of $BTC for the firm.
We continue to accretively grow our Bitcoin arsenal using operating cash flow and proceeds from debt and equity financings. – Eric Semler, chairman of Semler Scientific
As is pretty evident, there is an increasing push by corporations to convert part of their cash reserves into Bitcoin. With strong technical indicators and market confidence, Bitcoin looks well poised to reach $135K.
If you don’t want to miss out on this once-in-a-lifetime bull run, here are a few cryptos worth investing in.
1. BTC Bull Token ($BTCBULL) – Best Bitcoin-Themed Altcoin to Buy Right Now BTC Bull Token ($BTCBULL) is undoubtedly one of the frontrunners to become the next big crypto coin, thanks to its unique way of rooting for Bitcoin.
It’s, in fact, the ONLY crypto today offering free (and 100% real) $BTC in its airdrops to its token holders.
This is huge not only because $BTC is essentially worth $100K+ but also because it’s flipping the script on how crypto projects have typically gone about their airdrops, i.e., by offering more of their own tokens for free.
BTC Bull Token’s Bitcoin airdrops will occur each time the king cryptocurrency breaches a new landmark figure, such as $150K, $200K, and $250K. To take part, you need to hold your $BTCBULL tokens in Best Wallet.
More good news for $BTCBULL investors: the project will follow a deflationary model. Under this, a handful of $BTCBULL tokens will be erased from the total supply at regular intervals.
As supply shrinks and $BTC marches on, we can expect $BTCBULL to absolutely explode. It’s worth noting that according to our BTC Bull Token price prediction, this new crypto could easily reach $0.096 by 2026.
Looking to buy $BTCBULL? Each token costs just $0.00251, and the project has already raised over $5.7M.
2. SUBBD Token ($SUBBD) – Revolutionary New Crypto Changing the Online Creator Industry SUBBD Token ($SUBBD) sets itself apart by being the first-ever crypto subscription platform to integrate AI.
It’s a beacon of hope for the $85B digital content industry that has been struggling with high commissions, little to no automation, and dying creator-fan relationships.
Creators on SUBBD will have a slew of AI tools, such as voice, image, and video generators, to upscale and automate the entire process of creating and distributing content.
In addition to benefiting from lower platform fees, they’ll also have the liberty to set up various payment models for their content. These include pay-per-view, subscriptions, tipping, and NFT sales.
As for the fans, they’ll be able to use $SUBBD, the platform’s native token, to pay for all the exclusive content available on SUBBD.
In addition to access to premium AI content, $SUBBD token holders will also get discounts on subscriptions and content, early-bird access to new features, and voting rights.
Combined with a staking program that gives token holders access to exclusive creator livestreams, daily BTS drops, and a fixed APY of 20%, it’s not a surprise that our $SUBBD price prediction found the token could jump 1,200% by 2026.
Buy the $SUBBD presale token today for just $0.0554 each. The project has so far raised over $390K in early investor funding.
3. Just a chill guy ($CHILLGUY) – Amusing Meme Coin on a Roll Right Now What do you call a person who diligently hustles as a taxi driver in GTA V? Stupid? Depressed? Nah; we’d say they’re ‘Just a chill guy.’
The GTA V example perfectly explains what this extraordinarily viral meme stands for – a ‘lowkey,’ ‘whatever’ attitude that doesn’t care about what anyone thinks.
The meme character is quite dashing, too. He dons blue jeans, red shoes, and a grey sweater, all of which, by the way, pale in comparison to the coolness with which he keeps his hands in his pockets and boasts a smirk on his face.
Needless to say, this is exactly the kind of meme crypto degens love to back. As a result, there’s nothing ‘chill’ about $CHILLGUY’s performance.
The token is up over 130% in the last seven days and a brain-melting 460% in the last month or so. Plus, given that it’s still available for just $0.1140, Just a chill guy is easily one of the best cryptos to buy now.
The Next Crypto to 1,000X – A Real Possibility or a Pipe Dream? There’s no refuting that top altcoins like $BTCBULL and $SUBBD have the potential to generate massive gains. However, they, like much of the altcoin space, depend on the broader crypto market’s pace and direction.
Even though things, as they stand now, look bright, really bad news could send prices crashing any minute. So, despite the bullishness, we suggest that you only invest an amount you’re comfortable losing.
Also, kindly do your own research before investing; our articles are not financial advice.
Just a chill guy meme took the entire world by storm as thousands of memes flooded each country and every sector. This naturally spiked up the price of the token and now over the past few months, a big community of holders have formed around this token.
Will this token continue its rally owing to its huge support or will it succumb to bearish pressure? Let’s find that out in detail in this Just a chill guy price prediction.
Table of Contents
What is Just a chill guy?Just a chill guy price predictionJust a chill guy coin price prediction: short-term outlookJust a chill guy price prediction 2025Just a chill guy price prediction 2030 Since its launch, Just a chill guy (CHILLGUY) has seen an all-time high of $0.6575, followed by a 84.92% drop in price. At the time of writing, it is now trading at $0.075301, which is around a 656.18% decrease from its price of $0.57188, which was recorded four months ago in December 2024.
In this article, we’ll discuss CHILLGUY price prediction by giving you its short-term and long-term price forecasts and exploring whether this token can continue its bullish run.
What is Just a chill guy? The “Chill Guy” is a new meme character that’s all about being super relaxed and not caring much about anything. His whole vibe is “lowkey” — meaning he’s calm, casual, and doesn’t make a big deal about stuff.
This meme is a digital artwork and internet meme created by American artist Phillip Banks on October 4, 2023.
In the drawing, you can tell he’s totally laid-back: he’s wearing a grey sweater, blue jeans, and red shoes, smirking with his hands in his pockets. People on TikTok and other platforms are loving him, saying he’s the best new meme character around because of his cool, “whatever” attitude.
Soon after the illustration, the CHILLGUY token was created on the Solana blockchain and the rest, as they say, is history.
Now let’s discuss CHILLGUY price prediction for this year and in the coming years as well.
What can be a realistic projection for the CHILLGUY token? Let’s dive into the CHILLGUY price prediction for 2025 and 2030.
Just a chill guy coin price prediction: short-term outlook According to CoinCodex’s Just a chill guy price prediction for the near future, the token is projected to drop by -25.30% and reach $0.064279 by June 26, 2025.
As of May. 27th, 2025, the overall sentiment of the CHILLGUY price outlook has turned bullish, with 12 technical analysis indicators showing bullish signals, 3 indicating bearish trends, and 9 indicators showing neutral forecasts.
Just a chill guy price prediction 2025 For the remaining months of 2025, DigitalCoinPrice predicts that the CHILLGUY token’s price could fluctuate between $0.0772 and $0.19, and may likely hold a yearly average of $0.18.
CoinCodex projects that the CHILLGUY token can trade in the price channel of $0.059876 and $0.086055 in 2025.
While the general sentiment in the financial markets is that 2025 will be the year of the bull, it is important to understand that this prediction also has a chance of being wrong. BTC has already breached the $100k mark, and there is a possibility that it may be at the top of this bull cycle. Hence, it is advised to do your research before investing in CHILLGUY or any other cryptocurrency with the hopes of gaining on your investment in 2025.
Just a chill guy price prediction 2030 As per CoinCodex’s Just a chill guy crypto price prediction for 2030, CHILLGUY’s price could vary between $0.184055 and $0.301549.
DigitalCoinPrice expects that CHILLGUY’s price could climb to $0.41or $0.45 by the end of 2030.
Before trusting any source that is trying to predict the CHILLGUY price prediction for 2030, you should understand that it is a cryptocurrency and, like all other tokens, the CHILLGUY token’s price can be highly volatile.
2030 is five years away, and many cryptocurrencies can become obsolete in that time. This is why it is hard to give a realistic price prediction for any token, including CHILLGUY.
A great way for CHILLGUY to survive these five years and continue its ascent in the crypto market is to continue building its blockchain technology and partner with key players in the digital crypto space.
You should research and keep yourself updated with the latest developments in the upcoming years to make an informed investment decision in the CHILLGUY token.
Is Just a chill guy a good investment? Before investing in any cryptocurrency, including CHILLGUY, please identify and understand the inherent risks that can come due to market volatility. Also, it should be noted that the sentiment in the cryptocurrency market changes quickly, and a token that was once considered the future may also be delisted from major exchanges. Hence, it is advisable to do your research on the token’s fundamentals before having any price expectations for the future of the CHILLGUY token.
Will Just a chill guy go up or down? Cryptocurrencies in general experience rapid price swings that are directly driven by market sentiments, community engagement, events like token burns, and so on.
While it is hard to determine how high the CHILLGUY token will go, it is important to look out for potential buying factors that may include new partnerships, increased token holders, or viral campaigns in general.
It is also vital that you rely on financial experts and consult them for Just a chill guy price prediction, but even after all that, you should remain cautious, as no one can accurately predict how high or low CHILLGUY can go.
Should I invest in Just a chill guy? Before investing in any cryptocurrency or trusting any Just a chill guy price forecast, please identify and understand the inherent risks that can come due to market volatility. Also, it should be noted that cryptocurrencies in general are a highly speculative investment, and their success not only relies on market volatility but also on the constant and sustainable growth of their community. Hence, it is advisable to do your research on the token’s fundamentals, which may very well decide the future of the CHILLGUY token.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
In brief House Democrats skewered the SEC over its handling of crypto cases. The development came as a crypto market structure bill appeared to derail. They devoted plenty of ink to Tron founder Justin Sun and his ties to China. Rep. Maxine Waters (D-CA), the top Democrat on the U.S. House Financial Services Committee, was among lawmakers who blasted the Securities and Exchange Commission on Thursday over its handling of enforcement actions against crypto firms.
The letter, which was also written by Reps. Brad Sherman (D-CA) and Sean Casten (D-IL), accused the regulator of selectively enforcing securities laws against crypto firms, while alleging that Tron founder Justin Sun has connections with China, putting U.S. security at risk.
“The SEC’s whiplash policy reversal from vigorous enforcement against unscrupulous crypto players to possible abandonment of a strong case creates the appearance that political considerations, not legal merits, potentially drove this decision,” the lawmakers wrote in the letter addressed to SEC Commissioner Paul Atkins regarding Sun’s case.
A spokesperson for the SEC declined to comment to Decrypt.
The letter came as the passage of a crypto market structure bill appeared increasingly unlikely, following Coinbase’s decision to pull support for the legislation.
The bill seeks to clarify jurisdictional boundaries between the SEC and the Commodity Futures Trading Commission, with the CFTC to assume oversight of spot crypto trading if it passes.
That development followed weeks of intensive lobbying on issues including decentralized finance (DeFi) and stablecoin rewards.
Under Paul Atkins, the SEC has dumped enforcement actions against numerous crypto firms, most of which were brought under former Chair Gary Gensler. In the letter, lawmakers specifically called out the agency’s retreat from cases involving Binance, Coinbase, and Kraken.
They underscored that crypto firms spent tens of millions of dollars to help U.S. President Donald Trump win re-election in 2024, before he tapped Atkins to reshape Gensler’s work. On the campaign trail, Trump accused the figurehead of leading an “anti-crypto crusade.”
Chasing the SunAlthough the letter was reminiscent of partisan conflicts over crypto in prior years, the lawmakers detailed “an opportunity to demonstrate to Americans that the SEC still has their back”: leaning back into its case against Sun, one of Trump’s biggest crypto boosters.
The SEC sued Sun in March 2023, claiming that his companies conducted over 600,000 wash trades to artificially inflate the TRX token’s volume, along with fraud and unregistered securities violations. The SEC asked a judge to pause the case in February to explore a resolution.
“The SEC’s request to stay the Sun litigation, and subsequent efforts to settle the matter, may have been unduly influenced by Sun’s relationship with the Trump family, including his significant financial contributions to their businesses,” they wrote.
Decrypt has reached out to Tron for comment.
Sun, who was recognized as a top holder of the president’s meme coin with a gold watch at a controversial private dinner last year, has also invested $75 million in World Liberty Financial, a DeFi project backed by members of the Trump family.
Sun said on X, in a since-deleted post, that he would buy $10 million worth of tokens offered by World Liberty in September, which lawmakers called “an apparent effort to persuade [the team] that he is committed to the project,” and that they should unlock his frozen tokens.
While the lawmakers devoted paragraphs to those companies, they also devoted several pages to the Chinese-born billionaire. The section reiterated allegations the SEC brought against Sun, including a celebrity endorsement scheme.
“In late 2024 and throughout 2025, including during pending settlement discussions with the SEC, Sun has gone above and beyond to funnel money to the Trump family crypto businesses,” the lawmakers wrote. “These circumstances create a clear appearance of regulatory capture and political interference that strikes at the heart of the SEC’s independence.”
The lawmakers added that their concerns are “compounded by outstanding questions regarding ties between the Tron Foundation, Sun, and the People’s Republic of China (PRC), which suggest that Sun may be a security risk” to the U.S.
Although Sun is a representative of Grenada, lawmakers cited news reports and court records indicating he resides in China and maintains links to PRC Party institutions. That included an announcement in 2021 from Sun that he would work with China’s Central Party School on a project linked to the country’s central bank and an internet censor.
The lawmakers cited a news report from The Verge, in which Sun suggested he had obligations to powerful government officials. They also referenced a pseudonymous investigator on X named “BoringSlueth,” who claims Tron’s 2017 initial coin offering drew deep participation from wallets connected to a CCP-linked “crypto crime cartel.”
“The Commission must demonstrate that its enforcement and supervisory decisions have been—and will remain—free from foreign pressure or interference,” the lawmakers added. “The involvement of a PRC national who the SEC believes may reside in Hong Kong raises a set of questions regarding the susceptibility of the SEC to potential foreign influence.”
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Bitcoin news today, January 30, is not about BTC’s latest drop, spike, or technical indicators. Instead, it has to do with the nomination of Kevin Warsh as the next Chairman of the Federal Reserve, replacing Jerome Powell in May. The news affected markets in different ways, and this time, Bitcoin showed more stability than other asset classes.
The announcement opens a new chapter for monetary policy and will create a ground where certain coins will flourish. DeepSnitch AI, an upcoming AI crypto whose level of sophistication and massive market are generating a lot of talk, might become the first 100x blast of the Warsh era.
New Fed Chairman Kevin Warsh has optimistic views on BTC Table of Contents
New Fed Chairman Kevin Warsh has optimistic views on BTCCryptos likely to thrive in 20261. DeepSnitch AI (DSNT)2. Bitcoin (BTC)3. LEO Token (LEO)ConclusionFAQsWhen is it likely that Bitcoin will recover $100k?What distinguishes LEO from other coins?How can DeepSnitch AI generate 100x returns? Bitcoin news today was filled with analyses of what the Warsh nomination might mean for BTC and the crypto market as a whole. Some noted comments against Bitcoin playing a role as money, but one old statement stood out: for Warsh, Bitcoin was just “the newest, coolest software that will provide us the opportunity to do things we could never have done before”.
The statement is significant. You might not find too much Bitcoin breaking news related to the essence of what BTC represents: the most ambitious attempt to embed software into finance.
On the day Kevin Warsh was nominated to be Chairman of the Federal Reserve, while gold and silver collapsed, Bitcoin showed relative stability. (Source: TradingView).
Other Bitcoin news today came, in an indirect way, from gold and silver. Much has been said about Bitcoin’s characterization as “digital gold” being wrong, because it is more volatile and risky than physical gold, the safe haven asset.
And yet, on Jan. 30, while gold crashed -8.84% and silver had an Armageddon day, losing -31% (its 2nd worst day ever in recorded history), Bitcoin stood relatively stable, falling only -0.72%.
Apart from some BTC macro updates, the next section reviews DeepSnitch AI and LEO, another surging token.
Cryptos likely to thrive in 2026 1. DeepSnitch AI (DSNT) Bitcoin news today shows that while price movements and trends are important for investment, other kinds of factors sometimes play a bigger role. That’s what makes investing so difficult, particularly for crypto.
But DeepSnitch AI is coming to change that with the novel power of AI. The project is developing a system of AI agents (most of which are already alive and thinking) that extracts business intelligence out of data and info, including not only on-chain data, but also off-chain sources.
These agents can perform different tasks that complement each other (like assessing trends or checking a coin’s legitimacy), resulting in a tool that radically improves investing for more than half a billion crypto holders worldwide.
This revolutionary concept has already generated high enthusiasm. The presale has raised more than $1.4 million in just 4 stages, reaching the 5th stage in record time. In fact, the pace has been so fast that the presale schedule had to be extended until the end of Q1.
And despite this speed, the entry price is still only $0.03755. Moreover, several bonuses are given, including an unusually generous bonus of 300% for purchases of at least $30k (meaning that a 25x price increase would generate a 100x return).
But as the project moves at the speed of a bullet train, those aiming for explosive returns have to move faster and take part in the presale now.
2. Bitcoin (BTC) Apart from the announcements above-referred, Bitcoin news today also included a potential merger between Tesla and SpaceX that would consolidate one of the world’s largest corporate bitcoin holdings (20,000 BTC) under a single roof. If realised, the merger would become one of the largest institutional Bitcoin flows (internal in this case) ever recorded.
Beyond these daily news, the most important macro update for BTC is the fact that, after the Greenland crisis, gold & silver’s rally and collapse, new Fed Chairman, and countless doom voices, Bitcoin has not fallen below $80,000.
3. LEO Token (LEO) Bitcoin news today may have overshadowed the performance of LEO during the last 10 days of January, but the behaviour of the 21st largest cryptocurrency is worth observing.
Between Jan. 20 and Jan. 31, LEO surged from $8.62 to $9.24. This represents a 7.2% increase, which might not be as impressive as other spikes, but which took place in a continuous and smooth way, and shows a momentum still going on.
Remarkably, none of the 20 coins with a higher market cap than LEO outperformed it during this period.
Conclusion Bitcoin news today wasn’t about Bitcoin, but what the new Chairman of the Fed thinks about BTC and crypto. And as a new Fed era is about to begin, the crypto that most people expect to become the first 100x explosion is DeepSnitch AI.
But enjoying the benefits of that performance requires quick action on your part. Exponential returns will be reserved for those who invest now in the presale and take advantage of given bonuses: 30% code: DSNTVIP30, 50% code: DSNTVIP50, 150% code: DSNTVIP150, 300% code: DSNTVIP300.
Visit the official website to buy into the DeepSnitch AI presale now, and visit X and Telegram for the latest community updates.
FAQs When is it likely that Bitcoin will recover $100k? Nothing in Bitcoin news today indicates that it will happen soon. But let’s suppose that it happens in February. If you buy BTC at its current $83k-$85k range, your return would be 20% at most. With DeepSnitch AI, your returns could surpass 100x.
What distinguishes LEO from other coins? If you look at its historic chart, you’ll see that when the coin spikes, it tends to consolidate its gains, not lose them. That’s the performance that is expected from DeepSnitch AI, though the gains will likely increase with market adoption.
How can DeepSnitch AI generate 100x returns? When DeepSnitch AI reaches 1.3 million users, DSNT’s price is expected to be $3.75, which is about 100x its current price. But if you invest $30k today, the 300% bonus will make you earn 100x returns with only a price of $0.94, which is expected much earlier.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Here's what signals that XRP's bears might step back soon.
The latest market downtrend has not been kind to Ripple’s XRP, whose price slipped by nearly 25% over the past two weeks.
However, some key factors suggest the bulls may soon regain control.
Rally on the Way? Last week, Ripple’s cross-border token fell to almost $1.10, its lowest point since November 2024. In the following days, it recovered from the sharp decline and currently trades at roughly $1.40, still well below the levels seen in previous months.
Certain elements, including the XRP exchange reserves, suggest that a further revival could be on the horizon. According to CryptoQuant’s data, the amount of coins stored on Binance recently fell to approximately 2.55 billion, the lowest mark since the beginning of 2024. As of this writing, the reserves on that particular platform stand at around 2.57 billion XRP, or quite close to the local bottom.
XRP Exchange Reserves on Binance, Source: CryptoQuant This trend indicates that investors have been shifting from centralized trading venues to self-custody methods, which in turn reduces immediate selling pressure.
The spot XRP ETFs are the next bullish factor on the list. Recall that the first such product in the USA, which has 100% exposure to the asset, saw the light of day in November 2025. It was introduced by Canary Capital, whereas shortly after, Bitwise, Franklin Templeton, 21Shares, and Grayscale did the same.
The investment vehicles have seen solid demand, with total cumulative net inflows surpassing $1.23 billion. The last negative daily netflow occurred on January 29, meaning institutional investor appetite remains high.
You may also like: XRP’s Price Could Explode to $8, But This One Zone Is Holding It Back 5 Reasons Why Bitcoin Just Crashed Below $63K as Liquidations Top $500M XRP’s Biggest Warning Sign Is Still Flashing Despite Easing Whale Activity Spot XRP ETFs, Source: SoSoValue Some technical setups also hint that XRP could make a decisive move to the upside soon. X user Niels spotted the formation of an “inverse head and shoulder pattern” on the token’s price chart. The configuration consists of three bottoms, with the middle being the lowest, and a “neckline” that connects the highs between the dips.
Analysts believe a breakout above the “neckline” could fuel a substantial pump. Niels, for instance, claimed that a jump above the $1.44 level might be that spark.
Something for the Bears It is important to note that the environment of the broader crypto market remains predominantly bearish, so a renewed downtrend for many leading digital assets (including XRP) in the near future is not out of the question.
XRP’s Relative Strength Index (RSI) also suggests that the bulls may have to take another blow soon. The technical analysis tool measures the speed and magnitude of recent price changes and is often used by traders to identify potential reversal points.
It ranges from 0 to 100, and readings above 70 signal that the asset is overbought and due for a pullback. In contrast, anything below 30 is considered a buying opportunity. Data shows that XRP’s RSI currently stands at around 72.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Kevin Warsh, recently nominated for Federal Reserve Chair, has filed an extensive financial disclosure revealing personal assets exceeding $100 million. His portfolio spans crypto, artificial intelligence ventures, and private equity investments. The document, submitted to the US Office of Government Ethics, marks the final administrative requirement ahead of his potential Senate confirmation hearings.
Warsh’s wealth includes major crypto and tech investmentsThe 69-page financial disclosure outlines a strikingly broad investment strategy. Among the largest reported holdings are two stakes, each over $50 million, in the Juggernaut Fund LP, a private investment vehicle. Warsh also reported $10.2 million in consulting income from the investment office of billionaire Stanley Druckenmiller.
Additional assets are held under THSDFS LLC, with around two dozen individual positions, each valued up to $5 million. Details for these holdings were not fully disclosed, owing to confidentiality commitments. Together, these investments form a significant portion of Warsh’s declared financial interests.
Many assets not listed with explicit values are reported to relate to artificial intelligence and cryptocurrencies, suggesting diversified exposure to emerging technologies. Notably, he holds positions in Blast, an Ethereum layer-two scaling project, signaling engagement with blockchain infrastructure.
Warsh’s stake in Bitwise Asset Management also stands out. Bitwise is recognized for its role in managing a prominent US-listed spot Bitcoin ETF, underlining Warsh’s connection to major players in digital asset investment domains.
The disclosure process required Warsh to commit to divesting from the Juggernaut Fund and THSDFS LLC if confirmed. Heather Jones, a senior analyst with the Office of Government Ethics, officially signed off on the document, noting compliance will be secured following the divestitures.
Uncertainty looms over Senate confirmation timelineWhile Warsh has cleared the main hurdles for ethics review, the Senate Banking Committee must still set a date for his confirmation hearing. Initially, the committee considered April 16, but pending filings caused postponement beyond that window.
Public attention around the nomination process has increased due to additional political factors. Senator Thom Tillis of North Carolina has stated his intention to hold up any vote on Federal Reserve nominations until a criminal investigation involving current Fed Chair Jerome Powell is settled. Powell’s term concludes on May 15, making the timeline increasingly tight.
Tillis has publicly asserted that no nominees will advance until the Department of Justice completes its review. In his words,
“I will oppose the confirmation of any Federal Reserve nominee, including for the position of Chairman, until the DOJ’s inquiry into Chairman Powell is fully and transparently resolved.”
Kevin Warsh previously served as a Federal Reserve Board governor from 2006 to 2011. He is known for his Wall Street background and his work as a visiting fellow at Stanford University’s Hoover Institution. Warsh has been active in both advisory and academic circles, providing commentary on economic policy and central bank reform.
Despite having completed the required ethics paperwork, Warsh now faces a potentially unpredictable confirmation schedule driven by external legal proceedings and Senate leadership decisions.
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.
TLDR: A forged cross-chain message released $292M in unbacked rsETH due to a single-DVN bridge misconfiguration. Ether.fi pinned message libraries and raised DVN verification to a unanimous 4/4 threshold on all chains. weETH bridging will be deprecated on Scroll, Swell, Bera, zkSync, Mode, Blast, Morph, and Sonic by June. Ether.fi joins DeFi United and contributes 5,000 ETH to support coordinated cross-chain security response. Ether.fi has disclosed its full response to the April 18 rsETH exploit that affected Kelp DAO. A forged cross-chain message released approximately $292 million in unbacked rsETH during the incident.
No systems on the platform were directly compromised. The EtherFi Liquid vaults also had no direct exposure to rsETH.
The event exposed a critical vulnerability in DeFi cross-chain messaging infrastructure. This led the protocol to execute a protocol-wide security hardening across all 20 chains where weETH is deployed.
Three-Layer Security Hardening Deployed Across weETH Pathways The root cause of the exploit was a single-DVN configuration lacking redundancy. Ether.fi’s bridge had previously enforced two or more DVNs on all pathways. Still, the incident triggered a full review and three concrete hardening measures.
The first fix involved message library pinning on every weETH pathway. Ether.fi pinned the SendUln302 and ReceiveUln302 addresses into weETH’s OApp-specific configuration slot.
This blocked LayerZero’s multisig from swapping in a library that bypasses DVN verification. The fallback path has been fully closed across all chains.
The protocol then pinned its four-DVN set and raised the verification threshold to 4/4. Every inbound weETH message now requires attestation from all four DVNs.
A single malicious or unavailable DVN halts the message rather than being bypassed. LayerZero independently reviewed and confirmed the updated configuration.
Furthermore, the platform tightened per-route rate limits across all bridge contracts it controls. Each source and destination pathway now enforces a conservative inbound and outbound weETH cap.
These limits sit on contracts fully controlled by the protocol. They remain effective regardless of upstream bridge provider behavior.
Chain Deprecations and the Formation of DeFi United Beyond the immediate fixes, the protocol is evaluating a second independent bridge provider to reduce systemic risk. Chainlink CCIP and Wormhole are currently under consideration alongside LayerZero.
Cross-chain weETH messages would then require attestation from a quorum of providers. This move eliminates single-provider dependency entirely.
Following a systematic L2 risk assessment, ether.fi is deprecating weETH bridging on eight networks. Scroll, Swell, Bera, zkSync, Mode, Blast, Morph, and Sonic will be deprecated effective end of June.
To close the coordination gap in DeFi, ether.fi is joining the DeFi United collective. The coalition brings together Aave, Kelp DAO, LayerZero, and ether.fi.
Shared security standards and coordinated incident responses are its core focus. This approach ensures no protocol faces a cross-chain failure alone.
The EtherFi Foundation is contributing 5,000 ETH to a dedicated DeFi United relief vehicle. Other partners in the collective are also contributing alongside ether.fi. When future failures occur, the coalition aims for the ecosystem to respond as one.
PANews reported on April 30th that, according to PeckShield , Wasabi Protocol has allegedly suffered a breach of its administrator private key, resulting in the theft of approximately $ 5.5 million in assets across multiple blockchains including ETH , Base , Blast , and Bera . On-chain data shows that the attacker added a malicious address as a contract administrator through a single transaction. Wasabi Protocol previously stated on social media that it was aware of the issue, was investigating, and advised users to avoid interacting with its contracts at this time, promising further updates later.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
PANews reported on May 18th that Kelp announced on its X platform that, to ensure the highest security standards for rsETH, it will merge supported networks based on usage and integration levels. Starting June 15th, the following chains will no longer support rsETH cross-chain bridging: Optimism, Manta, Mode, Blast, Scroll, X Layer, zkSync, Zircuit, Swellchain, Hemi, Berachain, Sonic, HyperEVM, Unichain, TAC, Avalanche, Plasma Stable, MegaETH, Monad, and Movement. Users holding rsETH on these chains must bridge it back to the Ethereum mainnet before June 15th; otherwise, each address can pay 100 USDC for restoration.
Earlier today, Aave updated its rsETH technical recovery plan: WETH LTV has been restored to pre-event levels .
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Cryptocurrency trade groups are asking Illinois Gov. J.B. Pritzker (D) to pull a proposed transaction tax on digital asset trading from the upcoming state budget, calling the first-in-the nation levy “substantively unsound, procedurally deficient, and economically destructive.”
The Digital Chamber and Illinois Blockchain Association released a joint letter warning that the Digital Asset Privilege Tax Act would set off a mass exodus of digital innovators, emphasizing that no other state imposes a privilege tax on such trading.
The groups are urging Pritzker to strike the levy from SB 3019, an omnibus tax bill expected to generate more than $800 ...
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On June 22, 2026, the US spot Bitcoin ETF market recorded net outflows of $68.18 million. This decline is explained by massive redemptions on BlackRock’s IBIT and Grayscale’s GBTC. These outflows completely overshadowed the positive performance of Ark Invest (+$64 million) and Fidelity (+$57.38 million). Above all, it reflects a strong polarization among institutional investors.
In Brief Bitcoin ETFs show a net loss of $68.18 million during the June 22, 2026 session. Ark Invest (ARKB) and Fidelity (FBTC) nonetheless attracted a combined inflow of $121.38 million, proving continued buying demand. Ethereum funds also recorded a decline of $66.38 million, while Bitwise’s XRP gained $5.31 million. The total net assets under management of Bitcoin ETFs reach $80.22 billion, confirming the structural anchoring of these products in institutional portfolios. Bitcoin ETFs Remain Under Pressure Despite Some Positive Signs At first glance, the session on June 22, 2026, in the US spot Bitcoin ETF market looks like an ordinarily bearish day. Analysts also reveal a record withdrawal of $6.35 billion over 30 days. However, SoSoValue’s data highlights a more complex reality: never before has a day in negative territory hidden so many active institutional purchases.
ARK & 21Shares lead the charge with $64 million in net inflows into their ARKB fund, closely followed by Fidelity’s Bitcoin ETF, which captured $57.38 million. Together, these two issuers have absorbed over $121 million in spot bitcoin.
Chart showing the evolution of Bitcoin ETF flows (Source: SoSoValue) Additional inflows include:
Grayscale Bitcoin Mini Trust: +$48.14 million Morgan Stanley’s MSBT: +$8.11 million Franklin Templeton’s EZBC: +$3.72 million WisdomTree’s BTCW: +$3.40 million In total, the aggregated demand from six ETF issuers exceeded $228 million. This represents one of the largest coordinated buying days in several weeks.
The Weight of BlackRock and Grayscale Tips the Bitcoin ETF Market Certainly, the buyer base remains solid. However, the Bitcoin ETF market was overwhelmed by extreme concentration of outflows on two specific investment vehicles.
The main culprit of this institutional Black Monday is BlackRock’s IBIT (iShares Bitcoin Trust). The asset management giant suffered massive outflows of $171.96 million in a single session. It had just launched the first-ever yield-bearing Bitcoin ETF.
Meanwhile, the GBTC (Grayscale Bitcoin Trust) records a disinvestment of $80.96 million. The manager tries to offset these losses through its Mini Trust. However, the historically high management fees of GBTC structurally encourage early investors to migrate to more competitive structures or take profits.
Beyond Bitcoin: Ethereum Stumbles, While XRP Surprises The spot Ethereum ETFs had an even tougher day. The data reveal a net loss of $66.38 million, almost entirely attributable to BlackRock’s ETHA fund. The only positive inflow on Ethereum that day came from 21Shares’ TETH, with $346,070 of inflows. The total net assets of Ethereum ETFs stand at $9.44 billion, with a daily volume of $433.10 million.
For crypto assets alternative to bitcoin, the XRP ETFs are the only source of color in an overall red picture. Bitwise captured $5.31 million, bringing the total net assets of the XRP category to $993.29 million. This represents a symbolic drop of $7 million from the billion-dollar mark. A threshold to watch in the coming sessions!
The Solana and HYPE ETFs remained completely inactive on this day. Solana’s assets stand at $836.09 million, and HYPE’s at $219.58 million.
In any case, this trading session highlights the end of the homogeneity of institutional flows on cryptocurrencies. Upcoming flow reports and US monetary policy decisions will be crucial to determine whether this phase of weakness marks a simple pause or the beginning of a new cycle for Bitcoin ETFs. Stay tuned…
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Ariela R.
My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
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 oil market is treating Trump’s Iran deal as the end of the war scare. One veteran trader’s oil price prediction says that the read is wrong.
Brent crude looks calm, but the calm may be the setup. The futures curve and the physical market seem to back him.
Trump’s Deal Reset the Oil MoodBrent crude oil (BRN) and WTI crude (CL) both fell hard this month as a US-Iran deal took shape.
Vice President JD Vance led the talks in Switzerland and announced several breakthroughs. The two sides built a mechanism to keep the Strait of Hormuz open.
Vance called the framework a classic Trump deal. He said any unfrozen Iranian assets would buy American soy, corn, and wheat rather than send cash to Tehran.
JUST IN: Vice President Vance pushes back on “misreporting” about Iranian assets potentially being unfrozen and says that if any of the regime’s money is freed up, it will go to help the American economy and make U.S. farmers richer:
“We wanted to make sure that we set up a… pic.twitter.com/6CPNzY8uIS
— Fox News (@FoxNews) June 22, 2026 Traders read all of this as supply relief. If the Strait reopens and Gulf output returns, the war premium in oil should fade. That logic drove the recent drop.
Brent Price Action: Investing.comThe deal is far from sealed, though. Trump threatened fresh strikes over the weekend, briefly rattling the talks.
The Lebanon ceasefire piece remains, in Vance’s words, a work in progress. So the market is pricing a peace that has not fully arrived.
One Veteran Trader Sees a Spike InsteadDan Dicker is not buying the calm. The veteran energy trader warns that oil could jump from about $75 to $135 within a month. His condition is simple.
If inventories stay drained and supply fails to recover, the physical market forces a sharp repricing.
“You’re going to see a spike like you never saw before.” Oil market expert @Dan_Dicker predicts oil could surge up to $135/barrel unless a lasting agreement is reached with Iran, as global stockpiles near dangerously low levels. pic.twitter.com/2axnHstwPm
— Bloomberg (@business) June 21, 2026 Dicker’s call is a tail risk, not a base case. But it frames the stakes. A deal that slips, or a strait that stays choked, could turn a quiet tape into a violent one. For now, though, the fast money is leaning the other way.
Crypto Traders Are Shorting Oil, but It Stays LocalCrypto markets now trade oil, too. On Hyperliquid, a large derivatives venue, the Brent perpetual draws real volume. Positioning there has turned firmly bearish.
Smart money, the wallets with strong track records, sits net short by about $1.1 million. Public figures and influencers are shorter still. One whale that shorted near the war highs, around $110, is up roughly $400,000.
The funding rate, the recurring fee between longs and shorts, sits at a positive near 10% a year. That means longs are still paying to hold, even after the oil price drop. The stubborn bulls are squeezed, but they are not letting go.
Oil Positioning Overview: Nansen DataThere is a catch for the bears, though. This perp is a small market, with about $140 million in open positions. A short squeeze here can move the perp, but not global Brent.
The real price is set in the physical and futures market, not on a crypto venue. The options market tells a more divided story.
The Options Book Is Hedging, Not FlippingThe United States Brent Oil Fund (BNO) allows American investors to trade Brent via an exchange-traded fund. Its options carry a useful sentiment gauge. The put-call ratio compares bets on a fall to bets on a rise.
A reading below 1 means calls dominate, which leans bullish.
The two readings are split this week. Fresh option volume turned cautious, with the put-call ratio jumping from 0.06 to 0.32. So traders rushed to buy downside protection as Brent fell.
The standing positions told the opposite story. The open interest put-call ratio eased from 0.09 to 0.07, an even more call-heavy book.
BNO Put-Call Ratio: BarchartThat gap is hedging, not surrender. The lasting positions stayed long while the fresh flow bought insurance. It points to bulls protecting gains rather than flipping bearish. The physical market sends the clearest message of all.
The Curve and the Clock Say TightThe Brent futures curve refuses to confirm the all-clear. Front-month Brent still trades above the next month, a condition known as backwardation.
Backwardation means buyers will pay more for oil now than for later, a classic sign of tight supply. That spread has thinned to its lowest since December 2023. Yet it has stayed positive rather than flipping into oversupply. The physical market still says barrels are scarce.
Brent 1-2 Spread: TradingViewPrediction markets back that view and align with Dan Dicker’s choked Hormuz possibility. On Kalshi, traders see only about a 51% chance that Strait of Hormuz traffic returns to normal by September.
Full confidence does not arrive until 2027. That timeline aligns with the EIA, which expects flows to resume in the third quarter and output to recover by early 2027.
EIA: HORMUZ OIL TO RESUME Q3 2026 — FULL RECOVERY ONLY IN 2027
EIA now expects Strait of Hormuz oil shipments to resume in Q3 2026, but pre-war traffic levels won’t return until early 2027.
Kalshi traders disagree: 52% chance of normal traffic before Oct 1, 2026… pic.twitter.com/WFqAHvv80S
— *Walter Bloomberg (@DeItaone) June 9, 2026 Hormuz Reopening Odds: KalshiThe cushion is thinning too. The US emergency oil reserve fell 9.1 million barrels last week to 331.2 million, its lowest since 1983.
STOCKS OF CRUDE OIL IN THE US STRATEGIC PETROLEUM RESERVE FALL BY ABOUT 9.1 MLN TO 331.2 MLN BARREL LAST WEEK, LOWEST SINCE 1983
— *Walter Bloomberg (@DeItaone) June 22, 2026 So the stockpile that would soften any new spike is shrinking, not refilling, also in line with Dicker’s oil hypothesis. Iran is adding pressure of its own, now floating mandatory insurance for any ship crossing the Strait. That keeps a floor under oil even as the war scare fades.
The Whale Is the TellWatch the trader who called the top on oil price. The position shorted from $110, per Nansen data, and now sits deep in profit. That entry is a live gauge of conviction. As long as the short stays open, smart money still expects oil to be lower.
A move to close it would be the first real sign the bearish bet is cracking.
The longs tell the other half. They keep paying funding, so the stubborn bid has not quit. If the supply squeeze returns and those longs are right, $135 stops being a warning and starts being a path. Wednesday’s US inventory update is the next clue on which way it breaks.
A shortened week of economic data:
Monday (6/22): no reports
Tuesday (6/23): no reports
Wednesday (6/24): Current Account Balance, EIA Crude Oil Inventories, MBA Mortgage Applications Index, New Home Sales
Thursday (6/25): Continuing Claims, Durable Goods, EIA Natural Gas…
— Mike Fairbourn (@MikeFairbournCS) June 21, 2026 Another steep draw would back the oil price bulls, while a surprise build would hand the peace trade its proof.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
One of the market's weakest large-cap stocks is still Shiba Inu. SHIB attempted a brief recovery after breaking out of a multi-month rising channel earlier this month, but it was unable to maintain momentum. The token is slipping below a small ascending support line that developed following the June capitulation event, according to the most recent chart, suggesting that sellers are still in complete control.
The price is still below all significant moving averages and is currently trading close to $0.0000045. While the 100-day and 200-day averages are even higher, the 50-day moving average at $0.0000050 continues to serve as immediate resistance. The overall trend is still clearly bearish, as this alignment demonstrates.
SHIB/USDT Chart by TradingViewEven though the Relative Strength Index is close to oversold territory, this does not necessarily indicate a reversal. In actuality, protracted bear markets frequently result in prolonged RSI suppression.
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Additionally, volume has decreased during attempts at recovery, indicating a lack of buyer conviction. About $0.0000044 is still the main support area. If that level is lost, there may be additional pressure to sell. Reclaiming $0.0000050 is the bare minimum needed for bulls to start talking about a more significant recovery.
XRP isn't finding the recovery groundThe state of XRP is not much better. After losing the crucial $1.28 support zone that had held for months, the asset is still trading around $1.10. The breakdown led to a precipitous decline that rendered the prior consolidation structure essentially invalid.
XRP has made multiple attempts at a comeback since discovering temporary support around $1.05. Before reaching the 50-day moving average, each rally has, nevertheless, encountered selling pressure.
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The most recent rejection, which was close to $1.18, indicates that buyers are still having difficulty taking back control. Technically speaking, XRP is still below its 50-, 100-, and 200-day moving averages, with the 100-day average at $1. 28 currently serving as significant resistance.
Weak momentum is evident in the RSI, which has recovered from oversold levels but is still below neutral territory. Whether XRP can remain above the psychological $1.00-$1.05 support zone is the immediate concern. There would probably be another round of selling if it broke below that area. Bulls must recover $1.20 on the upside before talking about a more significant trend reversal is feasible. As of right now, XRP is still in a relief-bounce stage of a larger decline.
Bitcoin hits the critical supportAfter losing the crucial $65,000 support level and failing to regain it during the most recent relief bounce, Bitcoin is under a lot of pressure. The uptrend that propelled Bitcoin toward the $82,000 area earlier this year is clearly broken down in the chart. Sellers have maintained complete control since then.
BTC/USDT Chart by TradingViewThe rejection from the 50-day moving average after the June crash is the most worrying development. Bitcoin is currently trading at about $62,000, perilously close to the recent local lows, as every attempt to recover has been met with selling pressure. Volume increased during the breakdown, indicating that there was a real change in market sentiment rather than just a brief shakeout.
Technically speaking, Bitcoin is still below every significant moving average. Bulls would need to retake the 100-day and 200-day averages around $72,000 and $77,000 before any talk of a trend reversal is feasible.
The RSI is still weak overall, but it has somewhat recovered from oversold conditions. The possibility of another move toward the $60,000 psychological support is still high unless Bitcoin can swiftly recover the $65,000-$66,000 range. A much deeper correction might result from a break below that level.
Will HYPE find its footing?Following one of the biggest cryptocurrency rallies of the year, Hyperliquid is going through its first significant stress test. HYPE has made a significant correction and is currently trading close to $63 after hitting highs above $75. The chart is still much stronger than the majority of altcoins despite the recent decline.
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HYPE continues to trade above its 50-, 100-, and 200-day moving averages, in contrast to Bitcoin. Even though momentum has obviously decreased over the last two weeks, the overall uptrend is still in place. Profit-taking seems to be the main cause of the current decline rather than structural weakness.
A correction was unavoidable after gaining several hundred percent in a comparatively short amount of time. A crucial support zone is currently emerging around the 50-day moving average at $64.
After spending weeks close to overbought levels, momentum indicators are rapidly cooling, with the RSI returning to neutral territory. If customers eventually come back, this reset might actually be beneficial. For the time being, HYPE maintains a bullish long-term trend despite its continuous correction, while Bitcoin is still stuck in a bearish structure. Though it is still susceptible to broader market weakness if Bitcoin's decline picks up speed, HYPE continues to show significantly stronger relative strength among the two assets.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Large holders of Hyperliquid's native token $HYPE are pulling significant sums off major custodians, with on-chain data pointing to a fresh wave of accumulation as the asset hovers near its all-time high.
Two Major Withdrawals Flagged by LookonchainAccording to on-chain analytics platform Lookonchain, a newly created wallet withdrew 278,827 $HYPE, worth approximately $17.45 million, from Coinbase Prime. The move is consistent with a broader pattern of large holders moving tokens out of institutional custody. Coinbase Prime is used almost exclusively by institutional buyers such as hedge funds, asset managers, and corporate treasuries who are moving assets off-exchange for long-term holding.
A second wallet also came back to life after a month of dormancy, pulling 96,930 $HYPE worth around $6.01 million from BitGo, a regulated digital asset custodian. Moving assets from an exchange to a custody solution is a classic behavioral indicator in crypto markets, with analysts generally interpreting such moves as a shift from active trading to secure, long-term storage.
Part of a Broader Accumulation TrendThese are not isolated events. Following a massive 96% rally in May, $HYPE's price consolidated while attracting aggressive whale accumulation, with data showing whale wallets withdrawing millions of HYPE tokens as the price remained stable above $70, signalling strong conviction among large investors.
Over one week, a single wallet moved a total of 1.14 million $HYPE, valued at roughly $79.22 million, off exchanges and deposited the tokens into Hyperliquid for staking. Additionally, Hyperliquid broke into the top 10 crypto assets by market capitalisation, becoming the first DeFi protocol since Uniswap in 2021 to achieve the milestone.
Hyperliquid has emerged as the leading venue for perpetuals trading in decentralised finance, with its native $HYPE token carrying a market capitalisation above $15 billion, making it the tenth-largest crypto asset globally.
The accumulation activity comes as spot $HYPE exchange-traded funds gain traction in the United States. Spot Hyperliquid ETFs have gathered $221 million in net assets since their May 2026 launch, with the products pulling in roughly $50 million so far in June, outpacing XRP ETFs' $24 million over the same period.
Movement off an exchange or custodian usually reduces immediate sell pressure, a dynamic that market participants are watching closely as $HYPE trades below its all-time high of $76.67, reached on 16 June 2026.
This article is for informational purposes only and does not constitute investment advice.
Sources:
Bitcoin.com News: Spot HYPE ETFs Log Strongest Crypto Debut on Record
CoinPedia: Whales Accumulate Millions in HYPE as Hyperliquid Defies Market Volatility
CryptoPotato: Lookonchain Flags $2M HYPE Buy Linked to Arthur Hayes
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
A trader on Hyperliquid is experiencing losses on an XRP trade after taking on a massive leveraged position worth nearly $31 million.
The position drew attention in the crypto community due to its size, high leverage, and the uncertainty currently affecting crypto markets.
Data from Hyperliquid Whale Tracker shows the trader opened a 27.92 million XRP long position using 20x leverage over the past four hours. The position is worth roughly $30.84 million and was entered at an average price of around $1.127.
High-Risk XRP Bet The trade signals strong confidence in XRP, even as the token’s price remains under pressure. According to the tracker, the whale’s 27.92 million XRP position has a liquidation price of about $0.9115. At the time of the snapshot, the trade was showing an unrealized loss of approximately $631,000.
XRP’s price is trading near $1.10, down 9% over the past seven days. The token has also fallen 18% in the last month and remains about 40% lower year-to-date.
Despite the downturn, some traders appear to be positioning for a rebound. The whale’s latest move suggests confidence that XRP could recover from current levels.
Source: CoinGlass Bitcoin Position Pushes Loss Over $2M Meanwhile, the trader is not only betting on XRP. The same account also holds an 809.9 BTC long position with 20x leverage. The Bitcoin trade is worth about $50.9 million and was opened at an average entry price of roughly $65,050.
At the time of the snapshot, the Bitcoin position was showing an unrealized loss of around $1.77 million.
Together, the XRP and Bitcoin trades are worth more than $81 million. Meanwhile, the trader’s combined unrealized losses exceeded $2.1 million, while losses over the past 24 hours were more than $1.3 million.
Notably, Bitcoin has also struggled in recent weeks. The leading cryptocurrency is trading around $62,200. It is down 4.3% over the past week and roughly 18% over the last month. Bitcoin remains about 30% lower year-to-date.
The Road Ahead By maintaining large long positions in XRP and Bitcoin, the whale is betting that the recent sell-off is a buying opportunity. However, many market watchers expect XRP to dip further below $0.5 before a sustainable rebound.
For instance, Ali Martinez has said $0.90 could be a good buying opportunity for long-term holders. On the other hand, an analysis by The Crypto Basic suggests even lower levels. It suggests XRP price could revisit November 2024 lows of $0.6, which could open the door to a new all-time high.
Essentially, XRP is under pressure for now, and any rebound is likely to be short-lived.
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.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Two Hyperliquid whales are betting on Cardano to recover, taking sizable long positions, but they are already in the red as the coin has continued to fall.
Cardano (ADA) is in an obvious downtrend, but all hope is not lost for the prominent altcoin. Large market participants remain optimistic that it will recover from its prolonged correction and reach higher prices.
Among others, two whales are particularly putting their money on this optimism. On-chain data shows huge leveraged bets on an ADA reversal on the decentralized exchange Hyperliquid, but this is currently going south.
Whales on Cardano Long Positions The first trader with the address “0x51f63” has an open 10x long position on Cardano valued at $2.6 million (17.3 million ADA). This whale opened this trade when the coin traded at $0.176, a price last seen in early June.
However, his bet has not gone according to plan. At the time of writing, the address is nursing unrealized losses of $431,660, which is 165% of its actual margin size on the Cardano position. Had the wallet not contained more capital or gains from other trades, the position would already have been liquidated.
Cardano Whale Bet on Hyperliquid Interestingly, the long trade has no liquidation price, highlighting the whale’s deep pocket and ability to hold the position even if ADA drops much lower.
At the same time, another whale is suffering a worse unrealized loss on ADA. Address “0x123dbc” has a similar 10x leveraged long but is on an unrealized loss of $1.28 million. This is because he opened the bet, worth $1.28 million (8.4 million ADA), at an entry price of $0.303. Notably, Cardano last traded at this level in February.
The unrealized loss is already a staggering 1,003% of his margin size. However, since it is a cross position, profits from other trades and the undeployed capital have kept it going. There is also no estimated liquidation price due to the magnitude of the portfolio.
Cardano Whale Sits on $1.28M Unrealized Loss Cardano Down 35% in 30 Days The sizable bets are in the red solely because Cardano has continued to drop lower for a prolonged period. Over the past 30 days, the coin has lost over one-third of its value, specifically dropping 35% to $0.15.
ADA has further stepped back from its peak price this cycle, crashing 88% from $1.32 in December 2024. While the trend mirrors a broader market move, Cardano has been one of the worst-performing.
For context, no other asset in the top 20 cryptocurrencies by market cap has dropped as much as ADA in the past 30 days. This has ensured it dropped six places from 10th to 16th in the market cap rankings.
Nonetheless, analysts view this as a temporary phase. With the asset’s risk-to-reward becoming more appealing, a recovery to reclaim key resistance levels when the broader market conditions turn positive again would substantially benefit those who bought the current dip.
The next key level to watch is the $0.13 support, where ADA consolidated in December 2020 before a bullish continuation. Breaking below could take the coin towards $0.10, aligning with an ABC corrective Elliott Wave target.
Cardano 1M Chart 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.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
An address longing 21,000 ETH on Hyperliquid is now facing an unrealized loss of nearly $1.7 million
PANews, June 24 – According to Ai Yi, address 0xa2e…f1468 went long on 21,000 ETH on Hyperliquid with approximately 18x leverage, with a notional position of about $34.61 million. The entry price was $1,728.5, and the current unrealized loss is approximately $1.696 million, with a liquidation price of $1,590.1.
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US Three Major Indexes Mixed, HOOD Down Over 6.11%
The total value locked (TVL) across decentralized finance (DeFi) protocols has dropped sharply since the start of the year. According to CryptoRank data, the TVL in DeFi plunged from around $115 billion in January to $70 billion by the end of June. This represents a staggering $45 billion decline in just six months.
Decline persisted throughout the yearOn-chain analyses show that DeFi TVL decreased every month throughout 2026. Among the top ten blockchain networks, only Tron and Hyperliquid managed to achieve positive growth this year. TVL on the Tron network rose by roughly 5%, while Hyperliquid saw an increase of about 7%.
Tron’s growth was attributed to the network’s dominant role in USDT transfers and stablecoin settlements. Meanwhile, Hyperliquid’s rise was linked to its prominence in on-chain perpetual futures trading.
Mini glossary: Perpetual futures are derivative products without a set expiration date. To keep prices close to the spot market, a funding mechanism is usually used.
Of the top ten blockchains, Arbitrum experienced the steepest drop. Its TVL sank 55.3% to $1.3 billion. While Ethereum’s TVL fell 43% since January, it still led the DeFi space with $38.9 billion locked. Solana also declined 40.5% to $4.93 billion over the same period.
According to CryptoRank, DeFi’s TVL declined every month in 2026. Among major chains, only Tron and Hyperliquid remained in positive territory for the year.
Falling market caps added to the pressureDeFi outflows mirrored the broader cryptocurrency market’s correction. Data in the report shows bitcoin reached an all-time high above $122,000 in October 2025, with the total crypto market cap peaking at $4.21 trillion during the same period.
By the end of June, the total crypto market cap stood at $2.15 trillion, indicating a nearly 50% drop from last year’s peak. Bitcoin’s value is down more than 28% year-to-date. Ethereum has lost up to 43%, while BNB fell 33% and Solana tumbled 43.5% in the same timeframe.
Security breaches accelerated outflowsCryptoRank highlighted that this year’s high rate of security breaches contributed to the DeFi sector’s unraveling. Up to late June 2026, 121 attacks were recorded in the crypto industry, resulting in crypto losses totaling nearly $942 million. Of these, 85 incidents occurred in the second quarter alone, accounting for losses of around $775 million.
In the second quarter, KelpDAO lost $293 million after a vulnerability was exploited on a LayerZero-based cross-chain bridge. The Drift Protocol recorded $280 million in losses due to a separate security breach. Together, these two incidents made up about three-quarters of all recorded losses in the same period.
The KelpDAO attack also affected Aave. Hackers used stolen rsETH tokens with no underlying backing as collateral on Aave, borrowing funds and creating a gap in the protocol that proved difficult to recover. In the days following the incident, Aave’s TVL dropped from $26.4 billion to $14.3 billion—a 46% decline.
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.
Address 0xebe8 closes 800 BTC long position, losing approximately $1.26 million
PANews, June 24 – According to Lookonchain, as BTC fell below $61,000, address 0xebe8 closed its long position of 800 BTC on Hyperliquid, with a notional size of approximately $48.8 million, resulting in a loss of around $1.26 million on this trade.Share to:
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US Three Major Indexes Mixed, HOOD Down Over 6.11%
PANews June 24 news, according to CoinGlass, in the past 24 hours approximately 103,200 traders were forcibly liquidated in the crypto futures market, with total liquidations reaching around 409 million USD. Long liquidations accounted for about 340 million USD, while shorts liquidated roughly 69.15 million USD, with longs making up over 80% of the total. The single largest liquidation order took place on the Binance BTCUSDT contract, worth roughly 3.0183 million USD. By exchange, Binance led with liquidations of around 171 million USD, followed by Hyperliquid at about 68.55 million USD, Bybit at about 54.37 million USD, OKX at about 40.69 million USD, and Gate at about 32.83 million USD.
