On January 1, 2000, the world was supposed to end. As the date changed and the next millennium rolled in, computer systems programmed in the 1960s and 1970s were expected to crash. Storage space was very expensive back then. As a result, programmers often saved space by recording years with only two digits instead of four, omitting the century. Once the century changed, the logic would be lost, and systems would malfunction.
Massive IT projects were launched to fix the problem and prevent looming disasters, like nuclear power plants exploding. Alongside a booming tech industry, an even more booming survival industry emerged. Guidebooks were published on how to survive the impending catastrophe — hide under the table — while there was a healthy trade in bunkers and overpriced survival packs.
In a preemptive move, the U.S. Federal Reserve loosened monetary policy. The burgeoning internet and its early successes had brought technology to the masses. Together with loose financing conditions and growing public enthusiasm at the turn of the millennium, this ignited a unique boom on the stock markets, especially for tech and internet stocks.
The world did not come to an end. Instead, people started to wonder what would become of companies that had no chance of turning a profit and depended on continuous injections of investor funding. Doubts began to spread, share prices started to fall, and over the course of the year 2000, the dot-com bubble burst.
The final nail in the coffin of the 2000s bubble came on September 11, 2001. The terrorist attack on the World Trade Center in New York made it seem as though the world really was ending. Air traffic shut down, war broke out, and a recession followed. Stock markets plunged, and they just kept falling.
Once again, the U.S. Federal Reserve stepped in to save the economy and the financial markets. Interest rates were slashed, credit became cheap, and with this, the economic downturn was slowed. Starting in early 2003, the stock markets began to recover. Slowly at first, then faster. The exceptionally low interest rates stimulated economic activity, albeit not as intended. The burst tech bubble was soon replaced by a gigantic housing bubble, especially in the United States.
The film The Big Short begins with a quote from Mark Twain:
“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”
History provides us with many examples that show how stubbornly and for how long people, indeed entire societies, have clung to false beliefs. A good example is the geocentric worldview that many held in the Middle Ages: they believed that the universe revolved around the Earth. Galileo Galilei held an opposing belief and was threatened with death and excommunicated from the Church for it. The Church’s self-image and vested interests forbade such an inconvenient truth. But as it is with the truth, a point comes when it can no longer be denied.
The same was true of the financial crisis of 2007–2009. Behind many financial products on offer were mortgage-backed securities of little or no value. This truth, too, eventually could not be denied. The markets for these securities and the financial products built on them collapsed, along with a lot of the banks and financial institutions that held them. In the end, the entire financial system imploded. Major, well-known banks went bankrupt, financial markets dried up, and even healthy companies were put at risk of failure.
The terrifying yet fascinating part was the reaction of governments and central banks — through bailouts. With the exception of Lehman Brothers and a few others, virtually all the major institutions were saved. At the time, Chancellor Angela Merkel guaranteed the German public that their bank deposits were safe — a promise she likely could not have kept if it had been called out.
The central element of the bailouts was and still is the printing of money. Governments generously rescued important, systemically relevant banks and companies with the input of fresh money. Central banks financed and continue to finance this by purchasing government bonds, cutting interest rates, and providing very favorable financing conditions to banks.
This point is very important. When a central bank buys an outstanding government bond, that means it is increasing the money supply or printing money. In the film Oeconomia, Peter Praet, at that time the chief economist of the ECB, says this quite explicitly: “It is not physical money, but electronic.”
Printing money means increasing the amount of money in circulation. And that results in all of our money getting watered down. Ultimately, this makes it worth less since there’s more money but the same amount of goods.
When new money is created — that is, when money is inflated and then spent, no matter what it’s spent on — prices will eventually rise, and the money everyone else holds becomes less valuable. Put another way, when new money is created, everyone who already holds money is slightly dispossessed.
Only those who receive the new money first benefit, which is usually the banks, shareholders, and companies as well as borrowers and thus the government. Also benefiting are those who hold the goods or assets that are first purchased with the newly created money. This primarily includes real estate, stocks, and tangible assets in general.
Such inflation must be distinguished from individual price increases. If the demand for city-center locations suddenly rises because people are moving from the country to the city, property prices in city centers will rise, while they fall in the countryside. With inflation, prices rise almost everywhere. Price increases caused by rising demand or falling supply, such as after a poor harvest, are limited and are offset by a drop in prices elsewhere.
Inflation acts like a tax, but it isn’t perceived as such. The government could just as well take a small amount of money from every business and citizen to cover its spending instead of creating new money by issuing a government bond. In practice, it would be the same thing, only it wouldn’t be so easy, and many people would complain and might vote those politicians out in the next election.
Inflation is vague, and in public perception it’s not the government’s fault but rather that of others who are creating shortages of goods and profiting from rising prices. Political and public scapegoats for rising prices can always be found.
The former ECB chief economist, Peter Praet, states quite clearly that the functioning of today’s financial and economic system depends on the creation of more and more money — in other words, on continuous inflation. If the last financial crises have shown us anything, it’s the automatic reaction of governments: printing money. And crises will always keep coming for a variety of reasons: the ongoing climate crisis, pandemics, wars, migration, demographics, etc. Justification and excuses for printing money can always be found.
What does this have to do with Bitcoin? A major and very valid criticism of a sound monetary system, in which money cannot be multiplied uncontrollably, is that it provides no way to intervene quickly by increasing the money supply in severe crises. That’s true. You would have to save beforehand, to set aside reserves.
And if there is one thing politicians cannot do, it’s save. There is always a good reason to spend money, whether it’s simply doing good, solving problems, winning over voters before an election, or even supporting a friendly entrepreneur in one’s own constituency.
The alternative would be to raise taxes in order to finance these unforeseen expenses. That would be politically and economically counterproductive. It would scare off voters and take away their purchasing power.
The crucial point is this: without the ability to print money at will, the boom that precedes a crisis wouldn’t arise in the first place, or at the very least would be much smaller. And the subsequent crises would also be a lot smaller. This is evident in the economic cycles of the 19th century, when a strict gold standard was in place.
Yes, there were numerous crises at the time. But they were short and less severe. And periods of falling prices certainly did not end in the dreaded deflationary spiral.
The ability to print unlimited amounts of money leads to correspondingly large misallocations, which then lead to correspondingly large corrections, and therefore, crises. These crises in turn trigger even more money-printing, and on it goes.
The greater the misallocations beforehand, the greater the corrections afterward. A healthy monetary system leads to sounder economic decisions, sustainable upturns, and brief downturns in which misallocations are corrected.
Money that cannot be arbitrarily multiplied limits misallocations during a boom, and accordingly, limits corrections during a downturn.
At the height of the financial crisis, on October 31, 2008, an anonymous person or group published the Bitcoin white paper — six weeks after Lehman Brothers, one of the largest banks in the U.S., filed for bankruptcy.
On January 3, 2009, Satoshi Nakamoto launched the Bitcoin blockchain. The very first block was mined. This first block contains the following message:
“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”
This was an explicit reference to a headline in The Times on January 3, 2009 — the repeated bailout of a financial system still teetering on the brink of collapse.
Bitcoin was, and still is, the answer to a fragile financial system: to uncontrolled money printing, to willful denial of reality, but also to the unfair and socially unjust expropriation that accompanies money creation.
The cap of 21 million bitcoin and the lack of central control make a policy of inflation impossible. Someone who holds bitcoin cannot be dispossessed by the uncontrolled printing of even more bitcoin.
Nor can they be dispossessed by banks that go bankrupt or deny access to bitcoin, provided they hold their bitcoin in a self-hosted wallet and thereby manage their own access. No central authority can revoke that access.
The timing of Bitcoin’s launch was no coincidence. It was the reaction to a financial system that would have collapsed had money not been printed in a pretty much uncontrolled manner.
Bitcoin is sound money — a response to a broken financial system. It is a system that is not imposed from above. Participation is voluntary and open to anyone. No one with a computer or smartphone and an internet connection can be excluded from it. For many, it’s a lifeline out of the fiat money system that is not sustainably viable.
In contrast to an inflationary and opaque system, Bitcoin is decentralized, transparent, and fundamentally honest.
Discover more in Bitcoin: The Honest Money!
This excerpt is just the beginning. Dive deeper into how inflation devalues your money, your savings, and your time in Bitcoin: The Honest Money by Alex von Frankenberg, Ph.D. The paperback is available now.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Bitcoin is not having a great month. The leading crypto slipped from $60K to $59K on Monday morning, down 7.9% over the past seven days, as sellers continue to apply steady downward pressure with no obvious relief in sight.
The move lower is not just a price story. It is an ETF story, and that is what makes this moment worth paying attention to.
The ETF outflow problem is getting worse June’s spot Bitcoin ETF outflows have already eclipsed February 2025’s record of $3.6B, and the month still has time left on the clock.
Think of it like a bathtub with the drain open. New buyers would need to pour in water faster than it is draining to stabilize the price. Right now, the drain is winning.
When the spot Bitcoin ETFs launched, the dominant narrative was that institutional access would create a structural floor under Bitcoin’s price. Persistent, record-breaking outflows challenge that assumption in a meaningful way.
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It does not mean the ETFs were a failed experiment. It means institutions are also capable of selling, which should surprise no one but apparently needed a reminder.
Bitcoin’s 24-hour change sits at just -0.2%, so Monday’s session has been relatively contained. The weekly picture tells a different story: -7.9% is a meaningful drawdown for an asset that was trading above $60K not long ago.
Extreme fear, with Ethereum holding steady and Solana pushing higher The Crypto Fear and Greed Index currently reads 12, which falls squarely in “Extreme Fear” territory. Last week it sat at 20, also Extreme Fear, meaning sentiment has deteriorated further rather than stabilized.
A reading of 12 is the kind of number that historically makes contrarian investors lean forward in their chairs. Extreme fear tends to mark capitulation zones, where sellers who are going to sell have largely already sold. Whether that logic applies here depends entirely on whether ETF outflows have more room to run.
Ethereum, trading near $1,575, is essentially flat on both a daily and weekly basis. It is not recovering, but it is not accelerating lower either, which in this environment qualifies as a mild form of resilience.
Solana is the outlier. Up 3.0% over the past 24 hours and climbing toward $74, it is the one major asset bucking the broader trend today. DeFi is also the top-performing category over the seven-day period, though its net change sits at 0.0%, which technically makes it the best house on a street where every other house is on fire.
What this means for the market The confluence of record ETF outflows, a Fear and Greed reading of 12, and Bitcoin trading below $60K creates a setup that cuts both ways for investors trying to make sense of positioning right now.
On the bearish side: outflows at this scale suggest institutional holders are reducing exposure, not adding to it. That is a headwind that retail buying alone is unlikely to overcome in the short term. The $59K level is not a trivial one to lose, either. It represents a psychological threshold that, if it fails to hold, could invite the next wave of liquidations.
On the bullish side: extreme fear readings at these levels have historically preceded recoveries, even if the timing is never clean. Solana’s ability to post gains while Bitcoin bleeds is a signal worth monitoring. When risk appetite returns to crypto markets, assets that held up during the selloff tend to outperform on the way back up.
The honest answer for investors watching this is that the ETF outflow data is the most important variable to track right now. If June closes with outflows that materially exceed the February record, it suggests the institutional bid that drove Bitcoin’s earlier rally has softened in a structural way, not just a seasonal one. If outflows begin to slow or reverse before month-end, the $59K test may look like a buying opportunity in hindsight.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Strategy Inc., the company formerly known as MicroStrategy, just gave Peter Schiff exactly what he’s been waiting for: ammunition.
The company unveiled a Digital Credit Capital Framework on June 29 that includes something previously unthinkable for the firm that built its entire identity around accumulating Bitcoin. A Bitcoin Monetization Program authorizing the sale of up to $1.25 billion in Bitcoin for specific corporate purposes.
Schiff, the gold evangelist who has spent years warning that Strategy’s leveraged Bitcoin strategy would eventually crack, wasted no time declaring the company a “Bitcoin seller.” And technically, he’s not wrong. But the full picture is, as usual, more complicated than a tweet suggests.
What Strategy actually announced The new framework doesn’t signal a fire sale. It authorizes discretionary Bitcoin sales for three narrowly defined purposes: funding a USD Reserve, covering preferred stock dividends, and supporting securities repurchases.
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Alongside the monetization program, Strategy’s board approved up to $2 billion in securities repurchases. It also bumped the dividend on its Variable Rate Series A Perpetual Stretch Preferred Stock, known by the ticker STRC, to 12%.
Executive Chairman Michael Saylor framed the move as consistent with the company’s broader mission. While Strategy is now permitted to sell Bitcoin, Saylor emphasized that the company remains committed to its Bitcoin-first mentality.
Why Schiff is having a field day Peter Schiff has been calling Strategy’s Bitcoin strategy a house of cards for years. His argument has always been straightforward: a company that uses leverage to buy a volatile asset will eventually be forced to sell that asset to meet its obligations.
The Bitcoin Monetization Program doesn’t prove Schiff right in the catastrophic sense he’s long predicted. Strategy isn’t liquidating under duress. But it does validate his core thesis that perpetual accumulation without any sell mechanism is unsustainable when you’re also issuing preferred stock, convertible notes, and equity offerings to fund those purchases.
The leverage question that won’t go away The $1.25 billion authorization provides a pressure valve. Rather than being forced into emergency sales during a downturn, Strategy now has a pre-approved framework to sell Bitcoin in an orderly fashion when needed.
The $2 billion repurchase authorization adds another layer. Strategy could theoretically sell Bitcoin to fund buybacks of its own stock or preferred shares, essentially converting Bitcoin into equity management. That’s a far cry from the “never sell” ethos that made Saylor a folk hero in crypto circles.
Initial market reaction was muted. Pre-market trading showed some movement in MSTR stock, but nothing resembling panic.
What this means for investors For MSTR shareholders, the framework changes the risk profile in subtle but important ways. The stock has historically traded as a leveraged Bitcoin bet, often at significant premiums to its net asset value. A monetization program that could reduce the Bitcoin stack, even modestly, may compress that premium over time.
The 12% preferred dividend rate on STRC is worth monitoring closely. If Bitcoin enters an extended flat or bearish period, those dividend obligations could accelerate the pace of Bitcoin sales under the monetization program. The $1.25 billion ceiling sounds large, but relative to Strategy’s total Bitcoin holdings, it represents a defined and manageable portion.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Strategy is shifting strategies as the Bitcoin behemoth seeks to quell fears over its financial health. On Monday, the company announced that it may sell up to $1.25 billion in Bitcoin to build its cash reserves, cover investor payouts, and fund stock buybacks to avoid issuing more equity.
The new policy is an about-face for Strategy, which has established itself as one of the biggest buyers of the world’s largest cryptocurrency. Michael Saylor, the firm’s executive chairman and a prominent Bitcoin bull, has repeatedly proclaimed that investors should never sell their holdings. “You do not sell your Bitcoin,” he said last October.
But Strategy’s stock has recently come under heavy pressure, shedding 44% over the past year. Meanwhile, STRC, a preferred share issued by Strategy that Saylor has said has “money-market-level stability,” has also tanked. Supposedly pegged to $100, STRC closed Friday at around $74.
Now, Saylor has begun to change his tune. In June, the company sold $2.5 million of Bitcoin. In addition to its plan to sell up to $1.25 billion in Bitcoin, the company calls for changes to cash reserves, adjustments to the dividend policy, and up to $1 billion in authorized buybacks of its preferred share products.
“Strategy remains committed to Bitcoin as its primary treasury reserve asset,” Saylor said in a statement.
On Monday morning, the company’s shares rose almost 3% to trade near $86, while STRC gained about 4% to approach $79. Bitcoin also briefly climbed to around $60,600 before pulling back.
Saylor cofounded Strategy, then known as MicroStrategy, in 1989. It operated as an enterprise software firm but, concerned about U.S. dollar devaluation, the company adopted Bitcoin as its primary treasury reserve asset in 2020, starting with a $250 million purchase. Strategy now owns about 4% of the total supply of Bitcoin.
Over the past year, a swarm of Strategy imitators loaded public companies with cryptocurrencies to try to spark stock rallies, but that trade has since fallen out of favor. Solana‑hoarder Solmate has lost almost all its value, leaving backers nursing heavy paper losses, while Cantor Fitzgerald’s BSTR Bitcoin vehicle has scrambled to keep a SPAC deal alive amid waning investor appetite.
For more details, visit the official Decrypt platform.
TL;DR Strategy has approved a new Digital Credit Capital Framework for active capital management. Under the framework, the company could sell up to $1.25 billion worth of Bitcoin. The move does not mean Strategy is abandoning Bitcoin, but it does show a more flexible treasury model. Strategy Adds A New Layer To Its Bitcoin Playbook Strategy has approved a new Digital Credit Capital Framework that could allow the company to sell up to $1.25 billion worth of Bitcoin as part of a broader active capital management approach.
That sounds dramatic because Strategy has spent years being viewed as the public-market symbol of relentless Bitcoin accumulation. Investors are used to hearing about purchases, convertible notes, preferred stock, and balance-sheet expansion. A framework that allows Bitcoin sales naturally gets attention because it cuts against the simplest version of the story.
But the more useful read is a little more nuanced. This is not necessarily “Strategy turns bearish on Bitcoin.” It is closer to Strategy formalizing how it may manage liquidity, dividends, buybacks, and reserves while still operating around a Bitcoin-heavy balance sheet.
Why A Bitcoin Sale Authorization Matters The authorization matters because it changes how investors think about Strategy’s treasury model.
A company can be bullish on Bitcoin and still need a mechanism for capital management. That is especially true when the company has layered financing instruments around its balance sheet. Dividends, credit products, buybacks, cash reserves, and market volatility all create situations where flexibility may become valuable.
The risk is perception. Strategy’s brand is closely tied to Bitcoin conviction. Any suggestion that it could sell BTC, even for corporate finance reasons, may invite questions from investors who bought into the idea of continuous accumulation.
That does not mean the framework is negative by default. A rigid treasury strategy can become fragile if market conditions change. A flexible one can be stronger, provided investors trust the rules and understand when sales may happen.
The Bigger Question For Bitcoin Treasury Companies This development also speaks to the next phase of Bitcoin treasury adoption. The first phase was simple: buy BTC and hold it. The next phase may be more complicated: manage Bitcoin-backed capital structures in public markets.
That is where the story gets more interesting. If Strategy can use its Bitcoin position to support credit products, dividends, reserves, or buybacks, then it is no longer just a holder. It becomes a capital manager built around Bitcoin as the core reserve asset.
For Bitcoin, the immediate market impact depends on whether any sales actually occur and how they are executed. A maximum authorization is not the same thing as a completed sale. Still, traders will watch closely because Strategy remains one of the most closely followed corporate BTC holders.
The takeaway is simple: Strategy’s Bitcoin story is maturing. The company is not just stacking BTC; it is building rules around how that stack can support a wider financial structure. That may make the model more durable, but it also makes it more complex.
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This article was written by the News Desk and edited by Samuel Rae.
Due to a stock split, Binance will adjust the contract size of CRWD U-margined perpetual contracts.
According to an official announcement, the underlying asset of the CRWDUSDT perpetual contract will implement a 1-for-4 stock split of its issued Class A shares via a dividend distribution. Consequently, Binance will adjust the contract size of its CRWDUSDT U.S. dollar-margined perpetual contract at 08:00 (UTC+8) on July 2, 2026. The adjustment is projected to be completed by 21:30 (UTC+8) the same day. Post-adjustment, the contract will enter a 5-minute cancel-only phase.
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CZ: I previously sent a message to Elon Musk to discuss cooperation based on X Money, and received a reply stating that X Money is currently not involved in cryptocurrency.
In an interview, CZ stated that when X Corp launched X Money, he sent a message to Elon Musk on X, inquiring whether Binance could become a partner. Musk responded that X Money is not currently venturing into the cryptocurrency space. CZ added that he hopes X will eventually evolve into a global payments platform, drawing a parallel between this opportunity and Starlink’s achievements in the internet access sector.
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CZ: Binance’s Greek MiCA license application was nearly approved, but was forced to withdraw due to external factors.
In an interview, CZ stated that Binance’s MiCA license application submitted in Greece was fully compliant with regulatory requirements and near approval before being withdrawn, but the process was interrupted by "external political intervention". He added that multiple EU countries had expressed interest in the license, leading to a degree of "competitive lobbying", yet non-regulatory factors ultimately derailed the application, forcing its withdrawal. Binance officially pulled the Greek application last week and said it will shift to other EU member states to pursue MiCA authorization. Responding to market rumors linking Binance to senior EU political figures, CZ noted he has not seen any verifiable documents, only similar claims online, and has not confirmed them. He also pointed out that the EU MiCA transition period will end on July 1, after which unlicensed platforms must cease related services, with national regulators making clear they will not extend the deadline. CZ called the outcome a "lose-lose situation" and cited Japan and Singapore’s regulatory paths as examples, emphasizing compliance processes often require longer timelines.
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Kraken is set to list the Bittensor subnet Alpha token.
Barry Silbert, founder and CEO of Digital Currency Group (DCG), parent company of Grayscale, reposted on X to disclose that crypto exchange Kraken is set to list Alpha tokens from Bittensor subnets. According to leaked details, the first batch of tokens to be listed includes Chutes, Targon, Score, Ridges AI, Hippius, and others.
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Trump: Will Take Immediate Action on Fed Governor Lisa Cook’s Eligibility for Her Position
US President Trump stated that in the lawsuit over the eligibility of Federal Reserve Governor Cook, the Supreme Court remanded the case to a lower court solely on procedural grounds. We will immediately take appropriate action to ensure that individuals who have engaged in misconduct do not continue to make decisions on major matters related to the well-being of the United States.
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Castle Securities warns that the Federal Reserve’s policies will become more stringent.
Castle Securities stated that investors have underestimated Fed Chair Kevin Warsh’s resolve to curb inflation, warning that higher interest rates could put pressure on risk assets. The firm also cautioned that the rally in the artificial intelligence market faces growing risks, including weak demand, declining returns, and intensified political and regulatory scrutiny.
Bitcoin (BTC) is showing renewed signs of recovery, approaching the $60,000 mark at the time of writing on Monday. Among altcoins, Ethereum (ETH) is positioned for a potential breakout above $1,600, while Ripple (XRP) continues to face bearish pressure, holding just above the key $1.00 psychological support.
US and Iran halt attacks, agree to renew peace negotiationsThe United States (US) and Iran exchanged fire near the Strait of Hormuz over the weekend. Iran’s Islamic Revolutionary Guard Corps (IRGC) reported strikes against US military installations in neighboring countries, such as Kuwait and Bahrain, in response to recent US attacks on Iranian targets.
Iran has doubled down on its demand for a full withdrawal of Israeli Forces from Lebanon as part of the final Memorandum of Understanding (MoU) with the US.
A US official confirmed on Sunday that both the US and Iran have agreed to de-escalate military actions and permit unrestricted movement of vessels through the Strait of Hormuz.
Ongoing technical discussions related to the MoU are expected to continue, with both parties scheduled to meet in Doha on Tuesday for further negotiations, according to Axios.
Sentiment in the broader crypto market has deteriorated further despite easing tensions between the US and Iran.
The crypto Fear & Greed Index is stuck in Extreme Fear territory at 12 on Monday, down from 18 the day before. This decline indicates that appetite for risk assets continues to diminish, weighed down by macro and geopolitical uncertainty.
Crypto Fear & Greed Index | Source: AlternativePrice analysis: Bitcoin builds momentumBitcoin trades at $59,888, rising slightly after last week's persistent sell-off. The Crypto King eyes a short-term breakout above the next hurdle at $60,000.
Meanwhile, the upside remains limited as BTC holds below the Bollinger middle band at $62,838, the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs), which collectively reinforce the downside bias.
The Moving Average Convergence Divergence (MACD) histogram is marginally negative on the daily chart, while the Relative Strength Index (RSI) at 32 hovers just above oversold territory, hinting that bearish momentum is dominant but may be nearing exhaustion rather than showing fresh selling pressure.
BTC/USDT daily chartOn the downside, immediate support aligns with the Bollinger lower band near $58,633, where sellers could pause before attempting deeper extension. Conversely, Bitcoin faces immediate resistance at the Bollinger middle band near $62,838, with additional hurdles at the 50-day EMA ($66,963) and the Bollinger upper band at $67,043. Should these levels be surpassed, further resistance is seen at the 100-day EMA ($70,587), the descending trendline at $75,625, and the 200-day EMA at $76,539, which marks a critical threshold for reversing the broader bearish trend.
Altcoins technical outlook: Ethereum rebounds as XRP seeks supportEthereum trades at $1,574, edging slightly higher from previous week's dominant sell-off. Despite the mild gains, ETH holds below all major moving averages, which define a broader bearish trend.
Meanwhile, ETH sits below the Bollinger middle band at $1,673, highlighting ongoing downside pressure inside the volatility envelope, while the lower band at $1,528 offers the nearest cushion.
The MACD histogram holds in negative territory on the daily chart, hinting at weak bearish momentum rather than an impulsive selloff, as the RSI hovers around 30, flirting with oversold conditions that could slow the slide but not yet reverse the trend.
ETH/USDT daily chartInitial resistance emerges at the Bollinger middle band near $1,673, followed by the upper band at $1,818 and the 50-day EMA at $1,833, which collectively cap any recovery attempts. Above these hurdles, a downward-sloping resistance trendline comes into play around the break price at $1,963, before the 100-day EMA at $2,010 and the 200-day EMA at $2,291 reinforce a heavier supply zone.
Looking down, immediate support lies at the Bollinger lower band around $1,528. A daily close below this floor would open the door to fresh lows, while holding above it would keep Ethereum in a weak, but stabilizing, consolidation within the lower half of its recent range.
XRP, on the other hand, trades at $1.04, extending its slide well below major moving averages, which are keeping the near-term bias firmly bearish. The remittance token is also trading beneath the Bollinger Bands’ middle boundary at $1.12 and the upper band near $1.24.
At the same time, the MACD indicator remains slightly negative on the daily chart, hinting that downside momentum persists even as the RSI near 32 approaches oversold territory.
XRP/USDT daily chartOn the downside, immediate support lies around the Bollinger Bands’ lower boundary at $1.01, with the current level at $1.04 acting as a fragile pivot above that zone. On the topside, initial resistance is seen at the Bollinger middle band at $1.12, ahead of the upper band and the descending trendline break region clustered around $1.24. Further up, the 50-day EMA at $1.21, the 100-day EMA at $1.31 and the 200-day EMA at $1.53 define successive overhead barriers that would need to be reclaimed to ease the prevailing bearish pressure.
(The technical analysis of this story was written with the help of an AI tool.)
Bitcoin, altcoins, stablecoins FAQs Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.
Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.
Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.
Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.
Ripple says it has more than 300 institutional partners. The XRP community hears that as 300 banks buying XRP. The reality is that most of them use Ripple’s software without ever touching the token, and even the ones that do rarely hold it. This is the structural gap at the heart of why XRP’s price stays stuck while Ripple keeps winning.
Summary
Ripple has more than 300 institutional partners, but roughly 60 percent use its messaging and software rails without ever touching XRP, while only about 40 percent use the On-Demand Liquidity product that involves the token. Even the partners that use On-Demand Liquidity generally do not hold XRP, because licensed exchanges and market makers handle the buying and selling, and the banks see only fiat in and fiat out. This split is the mechanical explanation for the long-standing gap between Ripple’s corporate success and XRP’s stuck price, since network adoption does not automatically translate into sustained token demand. The bullish rebuttal is that On-Demand Liquidity volume is real where it runs, that even momentary XRP demand creates buy pressure, and that token demand can come from ETF flows and regulation independent of settlement. For holders, the honest read is that partner counts measure Ripple’s business, not XRP demand, and the token’s fate depends on whether the On-Demand Liquidity share grows and its volume scales, plus channels like ETFs and regulatory clarity. Ripple likes to say it has more than three hundred institutional partners, and the number sounds like exactly the validation XRP holders have waited years to see: hundreds of banks and payment companies, all signed up to Ripple, all presumably driving demand for the token. That is how the figure is usually heard in the community, as three hundred institutions buying and using XRP. The reality is very different, and confronting it honestly is essential for anyone who holds the token.
The large majority of Ripple’s partners use the company’s messaging and payment software without ever touching XRP, and even among the minority that use the product built around the token, almost none actually hold XRP. The partner count measures the size of Ripple’s business, not the demand for its associated asset, and the gap between those two things is the single best explanation for one of the most frustrating puzzles in crypto: why XRP’s price has stayed pinned near a dollar through 2026 even as Ripple racks up settlement deals, bank partnerships, and institutional wins.
This is not an argument that Ripple is failing or that XRP is worthless. It is an argument that the popular story, in which corporate adoption mechanically pulls the token price up with it, rests on a misunderstanding of how Ripple’s products actually work. There are really two Ripples: one that sells messaging and payment software to banks, which does not require XRP, and one that offers a liquidity service that uses XRP as a bridge, which does. Most partners signed up for the first. Understanding that split, and what it means for whether Ripple’s success ever reaches the token, is the purpose of this piece.
It covers the two different products Ripple sells, why even the token-using product rarely puts XRP on a bank’s balance sheet, the value-accrual problem this creates, the genuine bull-case rebuttal, the geographic concentration of the volume that does exist, and what would actually have to change for Ripple’s growth to start pulling XRP demand with it. The goal is to give holders an accurate map of where the token stands in Ripple’s empire, rather than the flattering version the partner count implies.
There are two different Ripples The root of the confusion is that Ripple sells more than one thing, and only some of what it sells involves XRP. For most of its history, Ripple’s core enterprise offering has had two distinct components. The first is messaging and payment-connectivity software, historically associated with products that let banks send payment instructions and connect to one another more efficiently than the old correspondent system allows.
This software improves how banks communicate and process cross-border payments, but it does not require XRP at all; a bank can adopt it, become a Ripple partner, and never go near the token. The second component is On-Demand Liquidity, or ODL, the service that actually uses XRP as a bridge asset to move value between currencies without pre-funded accounts. ODL is the part of Ripple’s business that creates real XRP usage.
The crucial fact is how Ripple’s partners split between these two. By most accounts, only around forty percent of Ripple’s roughly three hundred partners use On-Demand Liquidity, the XRP-based product, while the other sixty percent or so use the messaging and software rails that do not touch XRP at all. So when the community hears three hundred partners and pictures three hundred sources of XRP demand, the accurate picture is closer to a bit more than a hundred partners using the token-based product, and a larger group using Ripple software that bypasses XRP entirely.
This is not hidden or scandalous; it simply reflects that many institutions wanted Ripple’s payments technology without taking on a volatile crypto asset. But it has enormous implications for the token, because it means the headline partner count overstates XRP demand by a wide margin. A bank can be a proud, public Ripple partner and contribute precisely nothing to XRP usage, and many are exactly that. The first step to understanding XRP’s stuck price is to stop counting all of Ripple’s partners as XRP customers, because most of them are not.
Even ODL partners do not hold XRP It would be natural to assume that the forty percent of partners using On-Demand Liquidity are therefore buying and holding XRP, generating steady demand, but even that is largely not the case, and the reason cuts to the core of the value-accrual problem. The way ODL works, banks do not generally buy or hold XRP themselves. Instead, licensed exchanges and liquidity providers sit in the middle of the transaction.
When a bank uses ODL to send value across a corridor, the source currency is converted into XRP, the XRP moves across the ledger in seconds, and it is converted into the destination currency on the other side, but this buying and selling is handled by market makers and exchanges, not by the bank. From the bank’s perspective, it puts fiat in on one side and receives fiat out on the other, never holding the token in between. The XRP is touched only momentarily, by the liquidity providers facilitating the swap, before it is converted back.
This structure is deliberate and is actually part of ODL’s appeal to institutions: it lets banks access the speed and capital efficiency of XRP-based settlement while staying in their regulatory comfort zone, seeing only fiat on their books and never holding a volatile crypto asset. For the banks, that is a feature.
For XRP holders hoping that institutional adoption means institutions accumulating XRP, it is a disappointment, because it means even the token-using corner of Ripple’s business does not create the kind of sustained, buy-and-hold demand that would steadily lift the price. The demand ODL creates is real but fleeting: XRP is bought and sold in the same moment to bridge a payment, generating transactional throughput rather than lasting accumulation.
The momentary buying does create some genuine buy pressure, which the bull case rightly emphasizes, but it is a different and weaker force than the image of banks adding XRP to their reserves. So the picture sharpens: most partners do not touch XRP, and most of those that do touch it only in passing, through intermediaries, without ever holding it.
The value-accrual problem this creates Put these facts together and you arrive at the deepest issue in the entire XRP story, the one that explains the stuck price more convincingly than any other: the problem of how value accrues to the token. A blockchain network, or in this case a payments business built around a token, can grow impressively while the token itself fails to capture that growth, if the activity does not translate into sustained demand for the asset.
That is precisely the situation the two-Ripples split creates. Ripple the company can keep signing partners, opening corridors, and processing more payments, and most of that growth flows through software that bypasses XRP or through an ODL process that touches XRP only momentarily via intermediaries. The corporate success is real, but the channel connecting it to token demand is far narrower than the partner count suggests.
This is the mechanical explanation for the puzzle that has frustrated XRP holders all year: Ripple keeps winning, and XRP keeps trading near a dollar beneath its major moving averages. The wins are concentrated in parts of the business that do not require holding the token, so they do not generate the buy-and-hold demand that would lift the price.
Layered on top is XRP’s large supply, including the enormous quantity Ripple holds in escrow and periodically releases, which means that even meaningful transactional demand must contend with substantial available supply. For demand to overwhelm that supply and move the price durably, the token would need usage on a scale that the current adoption pattern, heavy on XRP-free software and light on XRP accumulation, does not produce.
None of this means XRP cannot rise; it means the path from Ripple’s business growth to XRP’s price is not the automatic, mechanical link the bullish narrative assumes. The token does not appreciate simply because Ripple succeeds. It would appreciate if usage of the specific XRP-based product grew large enough that the momentary demand it generates, compounded across enormous volume, finally outweighed the supply. That is a much higher bar than signing the three-hundredth partner.
The escrow overhang that makes it worse There is a supply-side dimension to the value-accrual problem that deserves its own attention, because it raises the bar that token demand must clear. A very large quantity of XRP sits in escrow controlled by Ripple, released into the market on a schedule over time, and this steady stream of new available supply is a structural feature of the token that has no equivalent in a fixed-supply asset. Whatever demand the network generates, whether the momentary buying of On-Demand Liquidity or the buy-and-hold demand of ETFs, must contend not only with the XRP already circulating but with the additional supply that periodically enters from escrow. This is part of why even real demand has struggled to move the price durably: it is pushing against a supply that keeps replenishing.
The interaction between the demand pattern and the supply schedule is the crux. If the token-using share of Ripple’s business were large and growing fast, the transactional demand it generates might comfortably absorb the escrow releases and then some, letting the price rise. But because most of Ripple’s activity bypasses the token, and the part that uses it does so only momentarily through intermediaries, the demand side has been too thin to overwhelm the supply side decisively. The result is a token that can trade sideways even during periods of corporate success, because the modest, fleeting demand from settlement is roughly matched by available and incoming supply.
Critics of Ripple have long pointed to the escrow releases as a persistent headwind, while the company argues the releases are managed responsibly and that it has an incentive not to suppress its own largest holding. Either way, the practical point for holders is that the value-accrual gap is not only about weak demand capture; it is about weak demand capture meeting a large and replenishing supply, which together explain why the price has been so resistant to the steady drumbeat of adoption headlines. For the token to break higher durably, demand would need to grow enough to clear both the circulating float and the escrow overhang at once, which is a higher bar than demand alone.
The bull case deserves a fair hearing The picture so far is sobering, but the bullish rebuttal is substantive and deserves a fair hearing, because the situation is not as one-sided as the skeptical read alone implies. The first point in XRP’s favor is that the momentary demand ODL creates is still real demand. Every time the XRP-based product bridges a payment, XRP is genuinely bought, even if it is sold moments later, and at sufficient volume that continuous buying and selling represents real, ongoing market activity rather than nothing.
If the corridors using ODL grow and the volume flowing through them scales up, the cumulative buy pressure from all that bridging could become a meaningful force, particularly because it recurs constantly instead of being a one-time event. The bull case holds that the token-touching share of Ripple’s business is the part that matters, and that as it grows, so does the demand that flows through XRP.
The second point is that the forty percent is not fixed. Partners that adopted Ripple’s messaging software first can later convert to On-Demand Liquidity, and Ripple has every incentive to push that conversion, since it is the largest holder of XRP and benefits directly when XRP usage rises. If a meaningful share of the messaging-only majority converts to the XRP-based product over time, the demand base expands substantially.
The third and perhaps strongest point is that settlement throughput is not the only channel to XRP demand. The forces most capable of moving XRP, the institutional flows into spot ETFs and the regulatory clarity that the CLARITY Act would provide, operate largely independent of whether banks hold XRP in their settlement flows. ETF demand is buy-and-hold demand of exactly the kind ODL does not generate, and it has already drawn over a billion dollars into XRP funds.
Tokenized real-world assets settling on the XRP Ledger represent another growing source of activity. So the bull case is that the partner-count critique, while accurate about settlement mechanics, misses the channels, ETFs and regulation, that could drive XRP regardless of how banks handle their payment corridors. These are genuine counterpoints, and an honest holder should weigh them against the structural concern instead of dismissing either.
The geographic reality nobody mentions A further dimension that rarely makes it into the bull-or-bear debate is where Ripple’s XRP-based volume actually flows, and it complicates the global-rail narrative in an important way. On-Demand Liquidity has been live in production for years, but its real usage has been concentrated in specific cross-border corridors instead of spread evenly across global finance.
The meaningful volume has historically clustered in particular regions, such as certain Middle East and Southeast Asia corridors, and more recently in Latin American routes involving institutions like Braza Bank and Mexican corridors involving Bitso. These are real flows with real value, and the busiest names on the XRP Ledger include identifiable financial institutions instead of anonymous wallets, which is a genuine point in the network’s favor. But the volume is geographically concentrated, not the worldwide banking rail the headline narrative implies.
This concentration matters for two reasons. First, it means XRP’s settlement demand depends heavily on a relatively small set of corridors, so the token’s utility-driven demand is less diversified and more exposed to the fortunes of those specific routes than a global-rail framing would suggest. Second, in the corridors where institutional settlement does happen on-chain, XRP increasingly competes for share against alternatives, including dollar stablecoins like USDC and Ripple’s own RLUSD, as well as emerging central-bank digital-currency projects, according to blockchain-analytics observations.
So even within the settlement niche where XRP is used, it is not unchallenged; it is one option competing for institutional flow against instruments that offer dollar stability. The honest synthesis is that XRP’s real settlement footprint is meaningful but concentrated and contested, which is a more accurate and more modest picture than the image of a token quietly powering the world’s bank transfers. For holders, this is another reason to track the actual volume in the actual corridors instead of the partner count or the global ambition.
What would actually change the picture If the partner count is the wrong thing to watch, the natural question is what the right things are, and identifying them gives holders a far better framework than counting Ripple’s deals. The first and most direct change would be conversion: the messaging-only majority of partners moving onto On-Demand Liquidity, which would expand the share of Ripple’s business that actually uses XRP.
Watching whether the roughly forty percent figure grows over time is more informative than watching the total partner number rise, because growth in the token-using share is what expands XRP demand. The second is volume: even within the existing ODL base, the total value flowing through XRP-bridged corridors is what generates the cumulative buy pressure, so rising corridor volume matters more than new logos. A handful of high-volume corridors can move more XRP than dozens of low-volume partnerships.
Beyond settlement, the channels most likely to drive durable XRP demand are the ones that operate independent of how banks handle payments. Spot ETF flows are the clearest, because they represent genuine buy-and-hold demand, and their trajectory, whether they compound or stall, will say more about XRP’s institutional demand than any partner announcement. Regulatory clarity from the CLARITY Act is the second, because codifying XRP’s status could unlock institutional capital that settlement adoption alone never reaches. The growth of tokenized real-world assets on the XRP Ledger is a third, since it brings a different kind of activity and demand to the network.
The honest framework for a holder is therefore to stop treating Ripple’s partner count and corporate wins as proxies for XRP demand, because most of that activity bypasses or only momentarily touches the token, and to focus instead on the metrics that actually connect to demand: the ODL share and its volume, ETF flows, regulatory progress, and on-chain asset growth. The partner count tells you Ripple is a successful company. It tells you very little about whether XRP, the token, is capturing that success, which is the only question that matters for the price.
Frequently Asked Questions Do banks that partner with Ripple actually use XRP? Mostly not. Ripple has more than three hundred institutional partners, but only around forty percent use On-Demand Liquidity, the product that involves XRP as a bridge asset. The other sixty percent or so use Ripple’s messaging and payment software, which does not touch XRP at all. So a large majority of Ripple’s partners can be active customers without ever using the token. This is the key reason the partner count overstates XRP demand: many partners signed up for Ripple’s payments technology specifically without taking on a volatile crypto asset, and they contribute nothing to XRP usage despite being counted as partners.
If a bank uses On-Demand Liquidity, does it hold XRP? Generally no, and this surprises many people. In On-Demand Liquidity, banks do not buy or hold XRP themselves. Licensed exchanges and liquidity providers handle the conversion: the source currency becomes XRP, the XRP moves across the ledger in seconds, and it is converted to the destination currency, all managed by market makers. The bank sees only fiat in and fiat out, never holding the token. This is deliberate, letting banks access XRP-based settlement speed while staying in their regulatory comfort zone. The result is that even the token-using part of Ripple’s business creates only momentary, transactional XRP demand instead of the buy-and-hold accumulation that would steadily lift the price.
Why does XRP’s price stay stuck if Ripple is so successful? Because most of Ripple’s success flows through channels that bypass the token or touch it only momentarily. The majority of partners use XRP-free software, and even On-Demand Liquidity touches XRP only in passing through intermediaries, so Ripple’s corporate growth does not mechanically translate into sustained XRP demand. Add XRP’s large supply, including the escrow Ripple periodically releases, and transactional demand has to be very large to move the price durably. This value-accrual gap, between a thriving business and a token that does not capture its success, is the clearest explanation for why XRP has stayed near a dollar through 2026 even as Ripple keeps winning deals.
Is this a reason to be bearish on XRP? Not necessarily, but it is a reason to be realistic about what drives the token. The structural critique shows that partner counts and corporate wins are poor proxies for XRP demand. But the bull case has real merit: On-Demand Liquidity volume is genuine demand where it runs, the token-using share of partners can grow as banks convert from messaging to liquidity, and the strongest demand channels, spot ETF inflows and regulatory clarity from the CLARITY Act, operate independent of bank settlement entirely. So the picture is not simply bearish; it is that XRP’s demand depends on specific things, the growth of On-Demand Liquidity volume and the independent channels of ETFs and regulation, instead of on Ripple’s overall business success.
Where is XRP actually used for settlement? On-Demand Liquidity volume has historically been concentrated in specific cross-border corridors instead of spread across global banking. Meaningful usage has clustered in certain Middle East and Southeast Asia routes and, more recently, Latin American corridors involving institutions such as Braza Bank and Mexican routes involving Bitso. These are real flows, and the busiest names on the XRP Ledger are identifiable financial institutions. But the volume is geographically concentrated, not the worldwide rail the narrative implies, and within those corridors XRP competes for share against dollar stablecoins like USDC and Ripple’s own RLUSD. So XRP’s settlement footprint is meaningful but concentrated and contested instead of dominant.
What should XRP holders watch instead of the partner count? Focus on the metrics that actually connect to token demand. The most direct is the share of partners using On-Demand Liquidity, currently around forty percent; whether that grows matters more than the total partner number. The second is the volume flowing through XRP-bridged corridors, since cumulative throughput is what generates buy pressure. Beyond settlement, watch spot ETF flows, which represent true buy-and-hold demand, regulatory progress on the CLARITY Act, which could unlock institutional capital, and the growth of tokenized assets on the XRP Ledger. These tell you whether XRP the token is capturing demand, which the partner count does not, because most partners never touch XRP.
This article is information, not investment advice. Figures on Ripple’s partners, On-Demand Liquidity usage, and corridor volumes reflect reporting and estimates available as of June 27, 2026, and can change. The relationship between Ripple’s business and XRP demand is a debated topic. Nothing here is a recommendation to buy or sell XRP or any asset. Verify current details from primary sources and consider your own circumstances before making any decision.
Ripple ex-CTO David Schwartz has pushed back on claims that the XRP Ledger leaves everyday traders exposed to sandwich attacks, saying the risk is real but overstated.
Concerns surfaced on X after an account argued that validators and well-connected nodes gain a timing edge by observing pending transactions before each ledger closes. Sophisticated actors can then calculate whether front-running a trade is profitable, and spam multiple transactions to secure a favorable slot in the canonical order.
Sandwich Attack Mechanics on the XRP LedgerTransaction ordering on the XRP Ledger uses a deterministic formula involving transaction hashes. That formula is public. This lets actors position transactions ahead of a target trade on the XRP Ledger DEX and AMM, worsening slippage for ordinary users.
Concerns arose that the issue creates an uneven playing field, particularly for traders using popular wallets and decentralized applications.
Concerns have been raised about the possibility of front running or transaction sandwich attacks on XRPL payments and offer crossing.
For the reasons I've explained, I'm not that concerned about this issue. But I have a proposal for a fairly simple scheme that would eliminate… https://t.co/lnhTv1bhBK
— David 'JoelKatz' Schwartz (@JoelKatz) June 29, 2026 David Schwartz. Source: XSchwartz Says Validators Cannot Act QuietlySchwartz acknowledged the concern but pointed to several mitigating factors, drawing on his earlier positions in XRP Ledger design debates. First, pending transactions are publicly visible to everyone before a ledger closes. No party holds exclusive early access. Second, a single validator gains no meaningful advantage. Coordinating multiple validators would leave clear evidence, since validators sign all proposals and validations.
“Running a validator does not help you do this unless multiple validators conspire. If multiple validators did conspire, or a single validator attempted it, it would be very obvious to everyone exactly who was doing this and that validator would be immediately removed from everyone’s trust lists.”
Schwartz also noted that confirmed attacks, beyond proof-of-concept testing, remain unreported. The core economic barrier is straightforward. Profitable attacks need high liquidity to justify the effort and low liquidity to move the price. Those two conditions rarely coincide. Recent XRP Ledger institutional privacy work addresses a related concern at the data layer.
A 2-Step Reservation Scheme for the XRP LedgerFor traders who want firmer guarantees, Schwartz outlined a transaction reservation approach. A user first broadcasts a reservation specifying a future ledger sequence number, a transaction ID, and a small fee. If that reservation confirms, the actual trade executes before any transaction submitted after the reservation went public. The approach requires two submissions per protected trade.
The method complements XRP Ledger privacy transfer proposals by targeting front-running at the execution layer rather than at the data layer.
XRP continues to trade well below its all-time high as attention turns to whether fairness improvements like this could support longer-term adoption.
In a CNBC interview on June 27, Garlinghouse said Strategy’s first Bitcoin sale in a while "definitely started something."
Its leveraged structure amplified excitement on the way up and is now compounding weakness on the way down, Garlinghouse concluded.
He pointed to Strategy’s preferred stock STRC (NASDAQ:STRC) trading roughly 25% below par as a "damning indictment," saying the situation has not helped market sentiment.
"Financial engineering does not drive long-term value," Garlinghouse noted, adding that digital assets must solve real problems at scale for customers to build liquidity, demand and trust.
Garlinghouse added that he remains bullish on Bitcoin but argued that Strategy’s approach was "not focused on the right stuff."
Critics have argued that Strategy’s ability to continuously fund Bitcoin purchases through equity issuance is effectively paused until the stock regains a premium valuation.
BTC – Store-Of-Value AssetWhile Bitcoin remains the dominant store-of-value asset, Ripple is positioning XRP (CRYPTO: XRP), stablecoins and institutional payments infrastructure as part of a broader shift toward tokenized finance.
Despite that, he said he is bullish on Bitcoin, calling the current pullback a time to "be greedy when others are fearful," while reiterating that Bitcoin’s long-term value lies in its role as digital gold and XRP’s utility remains focused in bringing traditional finance onto blockchain.
The interview also highlighted on the convergence of artificial intelligence, stablecoins and tokenization, explaining how blockchain rails could become financial infrastructure for machines, autonomous agents and tokenized assets.
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TL;DR
XRP ETF inflows jumped 115% to $23M in the week of June 22–26, pushing total U.S. XRP ETF AUM to $934M — just as Q3 begins, the historically strongest quarter for XRP with a median return of +27.1% over 13 yearsA dormant SHIB wallet from 2024's bull run moved 598 billion tokens (~$2.7M) through a ForwarderV4 smart contract — the same method used by other reactivated whale wallets last week, pointing to a single centralized institution liquidating old reservesMichael Saylor officially approved a Bitcoin sell program at Strategy, raising STRC preferred share yield to 12% and setting a $1.25B BTC sales cap — the company says it has 25.9 months of runway secured between fiat reserves and the new sell limitBitcoin is trading at ~$59,860, below its 200-day EMA of $68,960, with no significant ETF inflows for 55 days — but July historically averages +8.2% for BTC, and seasonal patterns could trigger a Q3 reversalBinance exited the EU on July 1 under MiCA rules, sending a wave of European users to Coinbase and OKX — the latter reported an all-time registration record from EuropeXRP ETFs soar 115% ahead of a historically strong quarter for the coinWhile Bitcoin and Ethereum are recording billion-dollar outflows, during the week from June 22 to June 26, net inflows into XRP funds jumped by 115.7% to $22.99 million, compared with $10.66 million a week earlier, according to SoSoValue.
Large players are clearly buying at the local bottom, right before the start of Q3 2026, which has historically been the most stable period of the year for XRP. Taking the latest inflows into account, U.S. XRP ETFs now have $934.26 million under management, which equals 1.44% of the coin's total market capitalization.
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The token's price, meanwhile, is trapped around $1.05. In this context, June turned out to be brutal, with a 21% decline, but for XRP this is a classic scenario: a strong early-summer sell-off has often become a springboard for a powerful Q3.
Total XRP Spot ETF Net Inflow in Q2 2026, Source: SoSoValueStatistics from the past 13 years show that Q3 is a unique period for XRP:
Median Q3 returns stand at +27.1%, while the average return is +18.2%. Since 2020, XRP has closed this quarter exclusively in the green — a streak that has already lasted six years.In addition, Q3 has a history of breaking bear markets. In 2018, after a prolonged decline, it delivered a +24.4% gain, and in 2022, after a disastrous second quarter, XRP rebounded by +44.5%. Growth inside the quarter usually starts in July, with a median gain of +10.8%, takes a pause for consolidation in August, and ends with a final push in September, where the average result stands at +13.7%.
If the seasonal pattern repeats this time, the historical median of +27.1% would put XRP on course for a confident exit from its prolonged decline and a test of new local highs by the end of September.
A sleeping Shiba Inu coin pool activates 598 billion tokensLarge players in the Shiba Inu ecosystem are returning to the game, and blockchain data from Arkham has recorded the sudden awakening of a wallet that had been inactive since 2024 — the period of the token's last major price surge. In just one day, two giant transactions passed through the address: 178.16 billion SHIB worth $795,000 and 419.97 billion SHIB worth $1.87 million.
The main intrigue, however, lies in the technical trail. These 598 billion tokens were withdrawn through the ForwarderV4 smart contract — the same method previously used to move funds by other awakened giants from that period last week.
2024 Shiba Inu (SHIB) whale '0x624C09' transfers, Source: ArkhamThis repeating pattern leads to a clear conclusion: these are not individual retail investors, but a single centralized pool. The use of a single ForwarderV4 gateway proves that behind the chain of different addresses stands a large organization — a custodian, market maker, or OTC desk that has been managing institutional liquidity since the year before last.
For the market, such maneuvers are always a cause for concern. The activation of old billion-token reserves often signals preparation for profit-taking, which could locally pressure the SHIB price.
Strategy raises STRC rate to 12% and prepares Bitcoin for saleStrategy Inc. chairman Michael Saylor has presented a plan to shore up the company's securities, called the Digital Credit Capital Framework. In recent weeks, investors and Wall Street analysts have harshly criticized Saylor and demanded that he sell at least $3 billion worth of BTC to cover debts and secure liquid cash.
The situation was also extremely tense because at the end of May, the company had already quietly carried out a test sale of 32 BTC, which seriously rattled the market.
To calm the panic and restore trust, Saylor is raising the annual yield on Strife preferred shares, or STRC, to 12% starting in July. The company will now revise this rate every month, while Saylor's main goal is to lift the fallen market price of these securities back to their $100 par value.
Strategy announces a Digital Credit Capital Framework designed to strengthen Digital Credit, enhance liquidity, preserve long-term Bitcoin exposure, and support long-term value creation. $MSTR $STRC https://t.co/AUoUCtem53
— Michael Saylor (@saylor) June 29, 2026 But the biggest shock for the crypto market was that Saylor officially approved a full-scale BTC Monetization Program. The company has officially set the rules under which it will systematically sell Bitcoin, and Saylor plans to do this in three specific cases:
To replenish the fiat reserve, with a strict sales limit of up to $1.25 billion.To pay dividends and interest if doing so is more beneficial than issuing new shares.To buy back the company's own securities during significant market drawdowns.Right now, the company has $2.55 billion in net fiat on its accounts, which will be used strictly to pay interest and dividends — enough cash for 17.4 months. If the $1.25 billion Bitcoin sales limit is added to this, the company's total safety cushion reaches $3.80 billion. This guarantees Strategy 25.9 months of stable operations without raising any new debt at all, says Saylor.
Additionally, Saylor allocated $1 billion each for buyback programs of MSTR shares and STRC securities in order to contain panic during market drawdowns.
Crypto market outlook: Regulatory storm in the EU and on-chain capitulation pressure BitcoinThe cryptocurrency market is going through a harsh phase of local cleansing due to a complete standstill in U.S. ETF inflows, a large-scale migration of European capital ahead of the strict MiCA deadline, and the sudden awakening of institutional whales from previous cycles, although Bitcoin's historically bullish July still leaves hope for an imminent seasonal reversal.
Key checkpoints:
BTC Price Review: Bitcoin is hovering at $59,859.95 (+0.63%), trading under heavy resistance at the 200-day EMA ($68,960) and risking a slide toward the strong $56,850 support zone if the current local bottom is lost.July's historical trigger: June is closing for BTC with a deep -18.7% decline, but historical statistics point to strong July seasonality, with an average gain of +8.24% and a median gain of +8.09%, which often turns the start of Q3 into a launch point for a powerful rebound.55-day drought in spot ETFs: U.S. regulated funds have completely deprived Bitcoin of fresh capital, recording no significant direct inflows since May 4, leaving the market without its main liquidity driver for almost two months.Regulatory exodus from the EU on July 1: Binance's official exit from the European market due to the entry into force of MiCA rules triggered a fierce battle for users between Coinbase and OKX, with the latter already reporting an all-time record in new registrations from Europe.RWA expansion and Ondo's dominance: The real-world asset tokenization sector is surging to new highs, with Ondo capturing 74.5% of the on-chain ETF market, while the Base network has overtaken Ethereum in USDC Morpho liquidity. You Might Also Like
The amount of XRP on exchanges is dropping fast, as whales and sharks appear to be heavily stacking the altcoin.
XRP is seeing increased accumulation, evident in the number of coins remaining on exchanges. Over the past several months, the amount held on Binance, the largest crypto platform by trading volume, has continued to decline, reaching levels last seen in four months.
XRP Reserve on Binance Reaches 4-Month Low Data from CryptoQuant shows that the XRP exchange reserve on Binance has dropped to 2.64 billion tokens, about 4.2% of the asset’s circulating supply. While this is still sizable, it marks a notable decline from the figures recorded months back.
For context, Binance held roughly 2.8 billion XRP in its reserve in March. This figure reduced slightly before reaching a high of 2.78 billion in May. Today, the exchange’s XRP reserve has further dropped by 5% to 2.64 billion.
XRP Exchange Reserve/CryptoQuant Notably, the last time the amount of the token held by Binance hit this low was in February, over four months ago. Then the exchange’s reserve reached 2.55 billion, as market users bought the market dip.
Now, the current reserve drop suggests that smart money is back to buying the dip. Market users are increasingly moving XRP from where it can be easily sold to self-custody wallets, possibly for long-term holding.
Such activity is bullish in every sense. Not only does it reduce selling pressure, but it also shrinks available supply. That way, steady demand would have more impact on prices than when a larger supply is in the market. Additionally, it reflects confidence in XRP’s mid- and long-term price prospects.
XRP Exchange Outflow Beyond Binance Interestingly, the exchange outflow is not limited only to Binance. Coinglass data shows that over the past 10 days, a net total of $42.67 million has left trading platforms globally. During this period, inflows stand at $822 million and outflows at $864.6 million, culminating in the net difference.
This trend has extended even to recent data. In the last 24 hours, holders withdrew $69.84 million, larger than the inflows of $64 million by $5.78 million.
XRP Spot Flows/Coinglass The accumulation is notable because it comes despite the ongoing correction. XRP is down 7% in the past 24 hours, joining a broader market trend. Yet, market users see each dip as an opportunity to buy more, looking beyond the short-term bearish trend.
Aligning Bullish Metrics Other metrics also tick bullish for XRP. For context, active XRP addresses have increased 36% in the past two weeks as network activity improves. With more receiving wallets active on the XRPL Ledger, it also confirms that outflows are moving to long-term self-custody wallets.
Additionally, the TD Sequential also recently printed a buy signal on the XRP daily chart. This pattern confirms that selling pressure is nearing exhaustion, and a rebound could follow in the coming days.
XRP TD Sequentia Buy Signal/Ali Martinez In the meantime, XRP trades at $1.05, holding above the $1 support.
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.
New Capital Plan Raises STRC’s Payout to 12%Strategy unveiled a Digital Credit Capital Framework Monday, raising the annual dividend rate on its STRC preferred stock to 12%, effective for dividend periods starting July 1.
The company’s USD reserve now stands at roughly $2.55 billion, enough to cover about 17.4 months of preferred dividend and interest obligations.
The board authorized, but didn’t commit to, up to $1 billion in buybacks of Digital Credit Securities and another $1 billion in Class A common stock repurchases.
Both programs carry no fixed expiration date and depend entirely on market conditions and management’s read on whether buying back shares actually adds value.
Strategy also approved a Bitcoin Monetization Program, giving the company the option to sell BTC whenever management decides it makes sense.
Proceeds could rebuild the USD reserve, fund preferred dividends, or pay for share buybacks, though Strategy stressed the program creates no obligation to actually sell any Bitcoin.
Michael Saylor said the framework strengthens Strategy’s credit profile while keeping Bitcoin as the company’s primary treasury asset.
CEO Phong Le framed it as a shift from simply issuing capital to actively managing the balance sheet through both issuance and buybacks depending on conditions.
Saylor’s 113 Buys Since Inception, Mapped on One ChartSaylor shared a chart Sunday showing Strategy’s full purchase history: 847,363 Bitcoin worth $50.88 billion as of June 28, spread across 113 separate buy events at an average cost basis of $75,653 per coin.
The chart’s orange bubbles highlight aggressive accumulation through 2024 and 2025, with the average purchase price trending steadily upward.
“We’re gonna need more charts,” Saylor wrote, signaling he expects to keep adding Bitcoin going forward despite skipping purchases entirely last week.
MSTR Breaks a Support Level That Held Since Early 2025MSTR trades 53.5% below its 200-day moving average, with the October 2025 death cross still firmly in place.
The stock crashed through the $100 to $105 demand zone that had held since early 2025, a major structural breakdown, and is now testing a deeper zone between $65 and $80.
RSI sits at 27.85, putting MSTR firmly in oversold territory. Reclaiming the broken $100 zone targets $114.50 then $133.93. Losing $80 opens a path toward $65 to $70.
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XRP is still under heavy selling pressure, mirroring the broader crypto market. Both its USDT and BTC pairs continue to trade within clear downtrend structures. While the dollar pair is testing a major demand zone, the BTC pair is also hovering just above an important support level, leaving the market at a key decision point.
Ripple Price Analysis: The USDT Pair The daily chart shows XRP extending its broader bearish structure while remaining confined inside a long-term descending channel. The asset is currently trading around $1.05 after losing several higher lows over the past few weeks, confirming that sellers continue to dominate the higher timeframe.
The most important support now sits in the $1.00 to $1.10 zone, where the price is currently attempting to stabilize. This area has previously attracted demand and could produce a relief bounce if buyers manage to defend it once again. However, the overall trend remains bearish as XRP continues to trade below both major moving averages, with the 100-day and 200-day averages sloping lower simultaneously and acting as dynamic resistance levels.
Any recovery attempt is likely to face its first obstacle around the 100-day moving average near the $1.3 area, which coincides with the upper boundary of the descending channel. A breakout above both the channel resistance and the moving average would be required to signal a meaningful shift in market structure.
On the downside, losing the current support area could expose the lower boundary of the descending channel near the $0.80 region, making this support zone particularly important for the medium-term outlook.
The BTC Pair Against Bitcoin, XRP continues to underperform, with the XRP/BTC pair remaining firmly inside its own descending channel. The pair is currently trading around 1,750 sats, sitting directly above a horizontal support level that has repeatedly prevented deeper declines since May.
Although this support has held on multiple occasions, none of the subsequent rebounds has produced a clear bullish breakout, highlighting persistent selling pressure and a lack of sustained bullish momentum. The repeated failures near the 100-day moving average further reinforce the bearish structure.
Overhead, the first major horizontal resistance is located around 1,850 sats, which converges with the declining 100-day moving average. Above that, stronger resistance emerges near 2,000 sats, followed by the descending 200-day moving average and the upper channel resistance. As long as XRP remains below these resistance clusters, the trend against Bitcoin favors continued relative weakness.
On the downside, a confirmed breakdown below the 1,700 sats support region would likely invalidate the current consolidation and open the door for another leg lower toward the psychological support level around 1,500 sats, and potentially lower. This keeps XRP at a critical decision point on both USDT and BTC charts, as the buyers and sellers fight one another to establish dominance over the trend.
Ripple (XRP) pares losses and trades around $1.05 at the time of writing on Monday. The cross-border remittance token is attempting a recovery after last week’s sell-off, which intensified as the United States (US) and Iran exchanged fire.
Steady gains above $1.05 would affirm a bullish turnaround, given that Bitcoin (BTC) and Ethereum (ETH) are also edging higher.
XRP attracts modest capital inflowsXRP spot Exchange-Traded Funds (ETFs) posted inflows on several days last week. According to SoSoValue data, US-listed spot ETF inflows more than doubled totalling to $23 million, up from nearly $11 million the previous week.
Cumulative inflows currently stand at $1.47 billion, up from the $1.45 billion recorded the week before, while assets under management dropped to $934 million from $995 million.
XRP ETF flows | Source: SoSoValueSteady institutional interest is required to offset a significantly suppressed retail market. CoinGlass data show that perpetual futures Open Interest (OI) has remained relatively stable at $2.36 billion, down from $2.69 billion on June 1. Compared to the record $10.94 billion in July, the current OI indicates that risk-averse sentiment dominates in the retail market. The return of retailers would be key for the resumption of the uptrend.
XRP Futures OI | Source: CoinGlassPrice analysis: XRP holds key support amid a broader bearish trendXRP trades at $1.05, keeping a clear bearish near-term tone as price holds well beneath the key Exponential Moving Averages (EMAs), with the 50-day EMA at $1.21, the 100-day EMA at $1.31 and the 200-day EMA at $1.53 all acting as overhead resistance.
The pair is also capped below the Bollinger Bands' middle boundary at $1.12, while the lower band near $1.01 offers the nearest technical floor.
Meanwhile, the Moving Average Convergence Divergence (MACD) histogram remains marginally negative and flat on the daily chart, while the Relative Strength Index (RSI) which sits at 33 sits, suggests subdued downside momentum.
XRP/USDT daily chartInitial resistance is seen at the Bollinger middle band around $1.12, ahead of a tighter cluster in the $1.23-$1.24 region where the Bollinger upper band aligns with the downward trendline’s break price. A daily close above this zone would be needed to ease the broader bearish pressure and target the 50-day EMA at $1.21 and. Further up, the 100-day EMA at $1.31 and the 200-day EMA at $1.53 would keep XRP constrained.
Looking down, immediate support is seen at the Bollinger lower band near $1.01. A decisive move below this level would expose fresh weakness, opening the door to a deeper retracement while keeping the overall structure firmly biased to the downside.
(The technical analysis of this story was written with the help of an AI tool.)
Open Interest, funding rate FAQs Higher Open Interest is associated with higher liquidity and new capital inflow to the market. This is considered the equivalent of increase in efficiency and the ongoing trend continues. When Open Interest decreases, it is considered a sign of liquidation in the market, investors are leaving and the overall demand for an asset is on a decline, fueling a bearish sentiment among investors.
Funding fees bridge the difference between spot prices and prices of futures contracts of an asset by increasing liquidation risks faced by traders. A consistently high and positive funding rate implies there is a bullish sentiment among market participants and there is an expectation of a price hike. A consistently negative funding rate for an asset implies a bearish sentiment, indicating that traders expect the cryptocurrency’s price to fall and a bearish trend reversal is likely to occur.
XRP is at a pivotal moment, according to market analyst Cryptollica, as technical indicators signal a potential turning point. The asset is approaching its most significant oversold structure in 13 years, with the Relative Strength Index (RSI) dropping to its lowest level on record. Cryptollica points out that this development mirrors the conditions seen before major price rallies in previous market cycles.
RSI signals extreme oversold territoryThe RSI is a widely used technical indicator that gauges market momentum and helps determine if an asset is in overbought or oversold territory. In the case of XRP, the RSI has fallen to around 23—a figure that suggests an anomalous setup, indicating that selling pressure may be easing. Cryptollica argues that the current RSI level is even weaker than the lows witnessed in previous cycles, highlighting an unusually oversold technical picture.
Mini glossary: RSI is a momentum indicator that measures the speed and direction of an asset’s price movement. In technical analysis, readings below 30 typically indicate oversold conditions, while values above 70 point to overbought territory.
Cryptollica finds that XRP touching its lowest-ever RSI forms a backdrop similar to prior oversold periods ahead of major price surges.
The analyst notes that prevailing market pessimism could eventually reverse, potentially kickstarting a robust recovery if XRP holds crucial support zones. However, a confirmation of this scenario requires that the price maintains those levels.
$1.05 emerges as a key decision pointMarket commentator Josiah Gallegos considers $1.05 to be decisive for XRP’s short- and medium-term momentum. A weekly close above this level could strengthen bullish expectations, while a move below may drive the price toward the $0.75 to $0.90 range, as it searches for liquidity and a firmer base. According to CoinCodex data, XRP is currently trading at $1.05.
IndicatorLevelPotential outcomeCurrent price$1.05Critical support areaWeekly closeAbove $1.05Bullish outlook may strengthenSupport breakdown$0.75 to $0.90Liquidity sweep and new base searchJosiah Gallegos emphasizes that holding above $1.05 is crucial for a bullish scenario, while deeper pullbacks could offer gradual buying opportunities for long-term investors.
Gallegos sees potential deeper corrections as opportunities for long-term investors to accumulate step by step. Additionally, the convergence of the 50-week and 200-week exponential moving averages is being monitored. Such convergence is rare and historically has often preceded major trend reversals.
Regulatory developments under watchBeyond technical signals, developments on the regulatory front in the United States could be pivotal for XRP. Investors are watching the proposed CLARITY Act, which aims to establish a clearer legal framework for digital assets. Given XRP’s historical sensitivity to regulatory changes, greater clarity in this area may influence price action.
If enacted, the legislation could reduce regulatory uncertainty, boost institutional interest, and bolster overall market sentiment. As a result, all eyes are on XRP’s record-low RSI, $1.05 support level, converging long-term averages, and the prospect of regulatory clarity—all of which together have taken center stage for the market.
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.
XRPLF and VS1 Finance Team Up on Permissioned LendingThe XRP Ledger Foundation (@XRPLF) has partnered with @vs1_finance to develop a sovereign, open-source reference application for permissioned lending on the $XRP Ledger. The collaboration positions VS1 as one of the first platforms to build directly on the ledger's newest institutional-grade infrastructure, combining compliance tooling with native on-chain credit mechanics.
The protocol leans on two core XRPL primitives: Credentials and Permissioned Domains. Permissioned Domains allow features such as lending protocols to restrict and manage access, so traditional financial institutions can offer services on-chain while complying with various compliance rules. Credentials, linked to Decentralized Identifiers, enable trusted issuers to attest to attributes such as KYC status, accreditation, or regulatory permissions. Their real power comes as a foundational building block within XRPL's broader identity stack, enabling permissioned domains, regulated DEXs, and compliant access to tokenized assets and lending markets.
Together, these primitives ensure that only participants meeting institutional-grade compliance standards can access on-chain liquidity through the VS1 application.
Single Asset Vaults and Bond TokenizationThe framework also integrates two recently introduced XRPL amendments: Single Asset Vaults (XLS-65) and the native XRPL Lending Protocol (XLS-66). Single Asset Vaults aggregate liquidity and issue vault shares that can be transferable or non-transferable depending on configuration. The Lending Protocol then builds on these vaults to enable fixed-term, uncollateralized loans with pre-set amortization schedules, while underwriting and risk management remain off-chain, where institutions already have mature models.
RippleX has confirmed that several institutional participants, including VS1.Finance, are already preparing to build on top of the Single Asset Vault and Lending Protocol. VS1 has noted it is applying Single Asset Vault and Lending Protocol to enable bond tokenization, going beyond simple credit use cases.
VS1 describes itself as the first AI-powered institutional DeFi hub on the XRP Ledger, building a regulated DeFi platform that combines institutional-grade swaps, lending, and AI-powered yield generation with portfolio intelligence tools for financial institutions and investors. VS1's first issuance, a corporate bond under the National Bank of Georgia's regulatory sandbox, is scheduled for Q3 2026.
The partnership reflects a broader shift on XRPL toward production-ready institutional infrastructure. Real-world assets on the XRP Ledger more than doubled last quarter, reaching an all-time high of $2.25 billion, up 124% in three months. With compliance primitives now live and a native lending protocol advancing through validator consensus, the ledger is moving from experimentation to regulated financial infrastructure at scale.
For the last several years, most blockchain progress has focused on asset representation and transfers, issuing digital instruments, settling transactions faster, and reducing friction in value transfer.
But moving an asset onchain is only half the job. Real financial markets depend on what happens next: borrowing against assets, putting them to work as collateral, accessing liquidity without having to sell. That layer - lending and credit - barely exists onchain yet, and its absence is what stops tokenized markets from functioning like real capital markets
As more real-world assets move onchain, including treasuries, money market funds, stablecoins, commodities, and private credit, the question is no longer just whether those assets can exist onchain. It is: How do they become productive once they are there? How does a payment provider bridge liquidity between settlement windows? How does a market maker finance inventory without selling assets? How does an institution borrow against onchain holdings using terms its treasury and risk teams can actually evaluate?
That is the problem the XRPL Lending Protocol is designed to solve. In building the protocol, we made a deliberate choice to keep credit judgement off-chain, and standardize execution onchain. This is the core design principle.
The Missing Layer in Onchain Finance
Tokenization has made real progress. Assets that used to live only inside bank and fund admin systems can now be represented onchain.
The infrastructure to issue and hold an asset is fundamentally different from the infrastructure to finance against it. In traditional markets, those are separate systems. Custody and issuance live in one place. Financing - repo, margin lending, structured credit, working capital facilities - runs through another. That second layer is what makes assets productive, not just portable.
Most blockchain systems still blur those lines. A token gets issued. A lending application gets built around it. Another protocol creates its own borrowing rules, liquidation logic, and risk model. That was workable for early experimentation. For institutions evaluating credit activity, the result is a fragmented landscape, with liquidity scattered across isolated pools, credit behavior inconsistent across markets, and risk that must be re-underwritten protocol by protocol.
Building a durable credit layer requires treating credit as infrastructure, not as one more application layered on top of the network.
Why Credit Should Live at the Protocol Layer
Blockchains are good at enforcing rules consistently and recording what happened permanently. What they cannot do is make credit judgments - deciding whether a borrower is creditworthy, navigating regulatory requirements that differ by jurisdiction, or assessing collateral the way a lender would.
A blockchain should not replace credit teams, legal documentation, or institution-specific compliance frameworks. Those belong off-chain, where the judgment required to do them well can actually be applied. What the protocol can do is standardize what happens after a credit decision has been made: how liquidity is pooled, how loans are originated, how interest accrues, how repayment schedules are enforced, how defaults are processed.
Most onchain lending systems have conflated the two by building underwriting assumptions directly into protocol logic, which is where institutional usability begins to break down.
The XRPL Lending Protocol takes the opposite approach. Institutions handle the credit judgment off-chain, while the protocol standardizes execution once terms have been agreed.
What the XRPL Lending Protocol Makes Possible
The XRPL Lending Protocol is built on two complementary components:
Single Asset Vault — a standardized structure for pooling and managing a single asset onchain.Lending Protocol — enables that pooled liquidity to be originated into loans with defined terms, servicing, and repayment logic.Together, they provide a foundation for onchain credit. The vault is where liquidity is organized, and the lending protocol is how that liquidity is put to work.
This separation mirrors real financial infrastructure. In capital markets, the container that holds assets is not the same thing as the mechanism that finances them. By preserving that distinction, XRPL can support a wider range of credit structures over time, rather than hard-coding one lending model into a single application.
Technical note: The Single Asset Vault and Lending Protocol are defined in XLS-65 and XLS-66, respectively, and remain subject to validator approval.
What This Looks Like in Practice
A payment provider holds RLUSD reserves onchain, but a cross-border settlement won’t close for another 48 hours. They need liquidity now to fund outgoing payments. Instead of drawing on an expensive bank credit line or selling assets at the wrong time, they access a short-term working capital facility through a licensed pool administrator, borrowing against expected settlement inflows.
The loan terms are agreed upfront. Repayment occurs according to those terms and is enforced by the protocol. There is no manual process, no governance vote, and no ambiguity around how the facility operates at maturity.
Before accessing the pool, both lenders and borrowers complete compliance checks. Once approved, verifiable credentials determine who can participate and under what conditions.
That is institutional-grade onchain credit, replacing a bank credit line that might cost 300-400bps with a facility whose terms are transparent, auditable, and enforced programmatically And it is the foundation for more: inventory financing for market makers, underwritten facilities backed by digital assets, and over time, more sophisticated structures, built on a common execution layer rather than rebuilt from scratch each time.
Built for Institutional Use
The XRPL Lending Protocol is designed around a simple principle: institutions retain control over credit decisions, while the protocol standardizes how those decisions are executed.
Underwriting stays off-chain. Institutions already have credit teams, policies, legal documentation, collateral agreements, concentration limits, and regulatory obligations. The protocol assumes underwriting is done off-chain by the appropriate institution. Once terms are agreed, the blockchain enforces the mechanics. Credit assessment and credit execution are separate functions - and they should stay that way.Loan behavior is enforced natively onchain. Once a loan is originated, repayment schedules, interest calculations, and default conditions follow predefined rules. Risk teams, auditors, and regulators need to understand how a system behaves under both normal and stressed conditions - and standardizing those behaviors at the protocol layer makes it easier to evaluate, operate, and trust.Risk is structured, not socialized. The protocol supports first-loss capital at the facility level. Pool administrators or underwriters put junior capital at risk ahead of senior liquidity providers. Keeping losses contained at the facility level aligns incentives, enables risk-based pricing, and reflects how institutional credit markets are typically structured.Why XRPL: Public Network, Protocol-Level Standards
Institutional credit markets require two things that have often been difficult to reconcile onchain: broad network participation and institutional-grade controls.
Public lending protocols - Aave, Compound, Maple, and Clearpool - demonstrated that onchain lending can operate at scale and attract meaningful liquidity. At the same time, many were designed around crypto-native governance models and risk frameworks that don't align with how institutions evaluate and manage credit risk. When a protocol changes its risk model, institutions have no reliable way to underwrite that change in advance - and that is not a manageable edge case. It is the core of how risk underwriting works.
Private and permissioned systems address many of those control requirements, but often do so by limiting participation to a closed set of counterparties. While that can create consistency, it cuts off the liquidity, distribution, and network effects that make public infrastructure valuable.
XRPL is designed to bring those capabilities together.
Credit infrastructure is standardized at the protocol layer rather than implemented through isolated applications with their own governance models and risk frameworks. The network remains public, allowing institutions to access broader liquidity and distribution while supporting permissioned participation through credentials when required.
Credit markets do not exist in isolation. They sit alongside payments, collateral movements, treasury operations, and settlement flows. XRPL has been handling institutional settlement at scale for over a decade. Building a financing layer on the same network that supports those activities reduces operational complexity and allows institutions to manage more of the financial lifecycle in one place.
What This Unlocks
The lending protocol matters not because it creates another yield product, but because it makes digital assets more productive. It gives institutions a way to treat onchain assets as working capital rather than static inventory.
A payment provider can access short-duration liquidity to bridge settlement timing gaps.A market maker can finance inventory without selling core assets.A treasury team can deploy idle digital assets into underwritten facilities with clearer terms and risk allocation.A lender can build structured credit products on top of a common infrastructure layer instead of building a custom protocol from scratch.Beyond Tokenization
The next phase of blockchain in finance will not be defined by whether an asset can be tokenized. That is becoming table stakes.
The harder question is what happens once those assets are onchain. Capital markets are not defined by asset ownership alone. They depend on financing, collateralization, liquidity management, and the ability to move capital efficiently through a system. The challenge is no longer whether assets can exist onchain. It is whether the infrastructure around them can make those assets productive.
The infrastructure decisions made now, where credit logic lives, how obligations are enforced, how risk is allocated, will determine whether onchain capital markets develop real depth.
The XRPL Lending Protocol (XLS-65, XLS-66) is subject to validator approval. Infrastructure providers and developers can begin integrating and testing on devnet today — see the Lending Protocol in action and help define how onchain credit markets take shape.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Ripple is pushing the XRP Ledger into institutional lending territory with the XLS-66 Lending Protocol, paired with XLS-65 Single Asset Vaults, a framework that enables fixed-term credit facilities funded by pooled deposits and settled automatically on-ledger. Institutions put assets into a vault, borrowers draw from that pool on defined terms, and the ledger handles repayment mechanics without a middleman touching the money.
The underwriting still happens off-chain. Risk assessment, credit decisions, compliance checks: all conducted before anything touches the ledger. Once approved, execution is automated.
How the protocol actually works Single Asset Vaults, defined under XLS-65, are the deposit side of the equation. Liquidity providers deposit into these vaults, which then fund fixed-term loans to institutional borrowers.
The loans themselves are uncollateralized in the traditional crypto sense. There is no overcollateralization requirement like you would see on Aave or Compound. Instead, underwriting happens through off-chain credit assessment, which means the protocol is explicitly designed for institutions that can be evaluated like real-world borrowers, not anonymous wallets.
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The protocol also integrates with Multi-Purpose Tokens, XRPL’s flexible tokenization standard, as well as Credentials and Permissioned Domains, features that allow the ledger to enforce compliance rules at the infrastructure level. An institution can participate only if it meets the criteria embedded in the domain.
Rippled v3.1.0, which shipped in late January 2026, moved the Lending Protocol amendment into validator voting. The amendment has since received a re-audit by Halborn, a blockchain security firm, clearing one of the last major technical hurdles before broader deployment.
The tokenized RWA context Tokenized RWAs on the ledger exceeded $3 billion in value by late April 2026, according to RWA.xyz data. That figure represents a 59% increase in a single month. The growth is being driven by two main asset classes: energy-backed tokens and Ondo Finance’s tokenized US Treasuries.
Energy-backed tokens represent physical energy assets, typically tied to production or reserves, that have been tokenized for on-chain trading and financing.
Evernorth, a firm holding a significant quantity of XRP, publicly announced in January 2026 its intent to participate in the Lending Protocol once live. The firm’s interest is straightforward: deposit XRP holdings into vaults, earn yield from borrower interest.
What this means for XRPL’s competitive position The institutional DeFi space is not empty. Ethereum has a substantial head start in DeFi infrastructure, and networks like Avalanche and Polygon have also made dedicated pushes toward institutional adoption. What XRPL is betting on is that compliance-native infrastructure, meaning a ledger where permissioned access and credential verification are built into the base layer rather than bolted on top, will matter more to regulated institutions than raw liquidity depth.
The Halborn re-audit is part of that story. Institutional risk teams want documented security reviews before they allocate, and XRPL has now cleared that bar for the lending layer.
For XRP as an asset, the lending protocol introduces a new demand variable. Vault deposits denominated in XRP create holding incentives that go beyond simple speculation. If institutions are depositing XRP to earn yield, that represents a category of demand that is less sensitive to short-term price volatility and more tied to the protocol’s utilization rate.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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.
The XRP Ledger ecosystem continues to roll out large-scale infrastructure for institutional money. The new phase came as the XRP Ledger Foundation (XRPLF) announced a partnership with fintech platform VS1 Finance to create an open-source reference app.
Its task is to give developers a ready-made legal framework for launching permissioned lending on the XRP Ledger blockchain. The mission is simple enough — to offer a specific technical solution for businesses that need clear compliance in order to access credit on-chain.
Why the app relies on XRPL architecture over smart contractsThe announcement of the new partnership came just days after VS1 Finance joined Ripple's UDAX accelerator on June 25, a program focused on developing on-chain capital markets.
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The XRP Ledger Foundation is partnering with @vs1_finance to build an open-source reference app for permissioned, compliant lending on the XRP Ledger.
The app leverages the native primitives: Credentials, Permissioned Domains, Single Asset Vaults, and the Lending Protocol. pic.twitter.com/thbXFABtH2
— XRP Ledger Foundation (@XRPLF) June 29, 2026 The main feature of the project is its rejection of external add-ons. Instead of using external smart contracts, which are vulnerable to hacks, the app is built from native primitives embedded directly into the XRP Ledger protocol.
This approach removes the risk of bugs in third-party developer code, since the entire logic is verified at the network validator level:
Identification and access: Compliance, including KYC/AML, is implemented through the built-in Credentials and Permissioned Domains modules. This makes it possible to isolate liquidity pools and allow access only to verified counterparties. Large funds receive a guarantee that their capital will not be mixed with assets of unknown origin.Liquidity management: Fixed-term lending and asset allocation are automated through Single Asset Vaults and the system-level Lending Protocol. The mechanics work without traditional intermediaries, while preserving the credit risk parameters familiar to banks.The partners, XRPL Foundation and VS1 Finance, are not creating an isolated commercial product. Instead, they are releasing an open-source project, which means any team or financial institution will be able to fork, study, or expand this code for integration into their own services.
For the market, this means the emergence of a free and legally clean framework that reduces the cost of building on XRPL from scratch.
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VS1 Finance notes that permissioned lending is a necessary tool for attracting large capital into XRP, while the open template will help accelerate its adoption. The software development coincides with VS1 Finance's own preparation to issue tokenized corporate bonds within the regulatory sandbox of the National Bank of Georgia.
In this context, experience working with a real banking regulator is transferred directly into the architecture of the application being created.
XRP Ripple CEO Brad Garlinghouse told CNBC on June 26 that Ripple now processes approximately $16 trillion in annual payments and clearing activity across its acquired businesses, and that digital assets, including XRP, account for “close to zero percent” of that volume.
That gap is either the most compelling institutional payments story in crypto or one of the most misread setups in the market right now, depending on which numbers you trust.
This commentary from Garlinghouse came as XRP opened the week down around -1% and is currently trading for $1.04, worrying close to the long-standing $1 support zone, which, if lost, could see a freefall toward $0.80.
Brad Garlinghouse on CNBC: The long-term value of digital assets comes from utility, not financial engineering.
That utility is showing up in the numbers.$XRP On-Demand Liquidity processed $1.2B in Q1 2026, up 45% YoY, highlighting growing real-world cross-border adoption on…
— XRP Update (@XrpUdate) June 27, 2026
The $16 Trillion Gap and What It Actually Means Garlinghouse framed the figure as an opportunity, not a failure. “How do we bring traditional finance into the modern architecture of blockchain?” he said, adding that through acquisitions, “we have a tremendous opportunity to bring that in.” The $16 trillion covers payments and clearing throughput across businesses Ripple has acquired; it is not a pipeline of pending XRP transactions.
That distinction matters. In an April 2026 Fox Business interview tied to the GTreasury acquisition, Garlinghouse cited a similar $13 trillion figure and projected that around 30% of that volume could migrate to blockchain rails within five years. Even a 1% migration at sustained velocity would represent volumes orders of magnitude beyond current on-chain settlement activity.
Ripple has been building the infrastructure to handle that shift. Real-world examples of Ripple’s payment infrastructure already span multiple corridors, and the XRP Ledger now hosts live stablecoin deployments.
Ripple and Bitso are running both MXNB and RLUSD on the XRP Ledger for US–Mexico dollar-peso liquidity. Bitso supports more than 10 million users and over 2,000 institutional clients on that corridor alone.
DISCOVER: Best Meme Coin ICOs to Invest in 2026
The XRP Ripple 100x Math Is Hard to Parse
The “XRP 100x” framing circulating across YouTube and X originates from third-party content creators, not from Garlinghouse or Ripple directly. Garlinghouse has consistently declined to issue numerical price targets.
The most cited institutional XRP price prediction comes from Standard Chartered analysts, who projected XRP at $8 in 2026 and $12.50 by 2028, per CNBC coverage, meaningful upside from current levels, but nowhere near a 100x move.
A 100x from present prices would require a market capitalization that would rank XRP among the largest financial assets on earth. That is not impossible in a multi-decade horizon, but it requires assuming XRP becomes the dominant settlement asset across Ripple’s entire institutional stack, a scenario that competes directly with RLUSD and other stablecoins that may capture transaction value without requiring XRP as the bridge asset at all.
Ripple itself is targeting a $1Bn annual revenue run rate by end-2026, explicitly excluding XRP holdings, according to Yahoo Finance. That signals the business model is built on infrastructure fees, custody, settlement, treasury services, not on XRP price appreciation.
XRP ETF inflows and price performance data reflect that disconnect: institutional interest has grown without a corresponding price breakout, precisely because adoption of the rails does not automatically translate into demand for the token.
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Bull Case, Base Case, Bear Case for Crypto 2026 Few believed the potential back then, but it happened. On the flip side for $XRP, we have entered historical oversold levels on several indicators. The reset is much closer to being over than just beginning. Signals are now flashing. We are closing in. Thank you @MoonLamboio 🤝🏻 pic.twitter.com/qcNdkidOvR
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) June 28, 2026
Bull case: Ripple converts even 5–10% of its $16 trillion payment base onto XRP Ledger settlement rails, CME derivatives deepen institutional liquidity, RLUSD on XRPL drives sustained bridge-asset demand for XRP, and regulatory clarity post-SEC case resolution accelerates bank adoption. XRP re-rates toward Standard Chartered’s $8–$12.50 range and beyond.
Base case: Ripple hits its $1 billion revenue target through infrastructure fees. RLUSD and MXNB handle the stablecoin settlement layer. XRP retains utility as a bridge asset in corridors where speed and cost matter, but token price tracks modest volume growth rather than exponential adoption. Crypto 2026 sees XRP trade in line with broader market sentiment.
Bear case: Stablecoins capture the visible settlement value on the XRP Ledger without requiring XRP as an intermediary. The $16 trillion figure stays largely off-chain. Price stagnates as enterprise adoption of Ripple’s infrastructure grows without a corresponding increase in token demand.
Ripple Swell 2026, expected to draw more than 1,500 attendees, 75+ speakers, and 50+ sessions, will be the next major test of whether the blockchain settlement narrative translates into committed institutional volume.
The infrastructure case for institutional payments on the XRP Ledger is the most credible it has ever been. The 100x case requires several additional dominoes to fall in sequence, and Garlinghouse himself has not promised they will.
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Bitmine Immersion Technologies (BMNR) has completed 94% of its plan to accumulate 5% of Ethereum’s total supply.
Bitmine on Monday disclosed that it purchased more than 27,000 ETH last week, lifting its total holdings to 5.7 million ETH, representing 4.7% of all Ethereum in circulation. The company also announced its inclusion in the Russell 1000 Large-cap Index, which it expects will attract additional institutional investors.
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In total, Bitmine has about $9.8 billion in assets, including crypto, cash, marketable securities, and strategic investments.
Beyond its leading Ethereum treasury, the firm also owns 206 BTC, maintains $555 million in liquidity, holds a $180 million investment in Beast Industries, and owns $74 million of Eightco, one of the few publicly listed companies offering investors indirect exposure to OpenAI.
Operationally, Bitmine continues to scale its institutional staking platform, MAVAN, with approximately 4.9 million ETH already staked, representing more than 85% of its Ethereum holdings.
Based on current staking yields, management estimates annualized staking revenue of $211 million, with upside to $246 million once all ETH is deployed through MAVAN and partner validators.
On the outlook for the crypto market, Thomas “Tom” Lee, Chairman of Bitmine, said he maintains a positive long-term view despite recent declines. Lee reiterated that the ongoing migration of Wall Street infrastructure onto blockchain networks and the emergence of crypto-based payment rails for agentic AI applications continue to support its investment strategy.
“This past week was a challenging one for crypto investors as ETH fell by 8%, even as Ethereum witnessed notable positive developments such as the creation of Ethlabs, and even the Bank of England softened its stance around stablecoins. We are nearing quarter-end for June, and it is not surprising to see ‘window dressing’ leading to investors reducing their holdings in assets which have fallen in the past 3 months,” he noted.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Ethereum co-founder Vitalik Buterin has published a technical review exploring a cryptographic approach that could enable confidential on-chain voting without needing a trusted intermediary group. Buterin’s assessment outlines a system that maintains the privacy of individual votes while only revealing the final tally, aiming to empower transparent yet secret ballot governance.
A model that reduces trust assumptionsAccording to Buterin, the technique known as indistinguishability obfuscation, or iO, could provide a more private and tamper-resistant voting environment when combined with blockchain infrastructure. As one of the largest blockchain networks supporting smart contracts, Ethereum is already a foundational platform for decentralized applications and governance models worldwide.
Mini glossary: Indistinguishability obfuscation is an advanced cryptography method aimed at keeping a program operational while hiding its internal workings. In effect, the program can generate outputs, but observers cannot see how it operates or access the data within.
Currently, private on-chain voting systems rely on operator groups who are trusted to protect sensitive information and act according to protocol. Buterin argues that reducing dependence on such groups can make decentralized governance less susceptible to manipulation, lower the risk of insider interference, and enable voters to participate without revealing their choices.
Vitalik Buterin emphasized that with iO, programs can be structured to reveal only the outcome of a vote, thereby largely eliminating the need for committees acting together to decrypt votes.
Programs reveal results but not individual votesButerin describes iO as a cryptographic method that transforms software into a protected program. In this design, users can obtain outputs from the program but cannot see its underlying code or access any stored input data. He frames the concept as concealing not just the processed data, but the code logic itself from outside scrutiny.
In the context of on-chain voting, such a program could process encrypted ballots and reveal only the aggregate results, minimizing the need for threshold committees who collectively hold decryption keys. This could streamline confidential governance on decentralized platforms.
Buterin acknowledged that the approach is not ready for immediate use, explaining that the most conservative models demand extremely high computational resources and that faster alternatives depend on security assumptions that are less thoroughly tested.
Technology remains in the research stageDespite the promise of iO, Buterin candidly states that this technology is not yet practical for real-world deployments. The most secure architectures present significant computational costs, while quicker methods have yet to be thoroughly validated for robust security. As a result, he positions iO-fueled voting as a long-term research direction rather than a short-term solution.
Buterin further highlights that blockchains will continue to play a central role within this new voting paradigm. Since a protected program cannot prevent itself from being copied or independently manage changing data, blockchain infrastructure remains essential for record-keeping and verifiable process oversight. The decentralization and immutability of the blockchain thus anchor the trust model of future private governance systems.
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.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Key HighlightsEthereum Treasury Reaches New MilestoneMAVAN Staking Infrastructure Drives Yield GenerationRussell 1000 Inclusion and Preferred Securities LaunchGet 3 Free Stock Ebooks BMNR shares advanced 1.80% following disclosure of 5.70M ETH token holdings.
Combined cryptocurrency, cash and marketable securities portfolio reached $9.8B.
Company controls approximately 4.7% of Ethereum’s circulating supply.
4.88M ETH tokens staked via MAVAN platform and partnered validators.
BMNR added to Russell 1000 index; preferred shares trading as BMNP.
Bitmine Immersion Technologies (BMNR) disclosed total holdings of $9.8 billion across cryptocurrency assets, cash reserves, marketable securities, and associated investments. Shares finished the session at $13.56, representing a 1.80% gain, following intraday fluctuations. The stock reached an intraday peak of $13.97 before consolidating near closing levels.
Bitmine Immersion Technologies, Inc., BMNR
Ethereum Treasury Reaches New Milestone Bitmine disclosed ownership of 5,700,040 ETH tokens as of June 28, 2026. The valuation utilized an Ethereum price point of $1,569 per token. This accumulation represents approximately 4.7% of Ethereum’s 120.7 million total circulating supply.
The accumulation strategy spanned 11 months of consistent acquisitions. Management indicated the company has achieved 94% progress toward its strategic objective of controlling 5% of ETH’s supply. In the most recent weekly period, Bitmine acquired an additional 27,084 ETH tokens.
Bitmine maintains its position as the premier Ethereum treasury corporation by disclosed reserves. The company ranks second globally among cryptocurrency treasury holders, trailing only Strategy. Strategy’s Bitcoin reserves reportedly total 847,363 BTC, approximately $50 billion in value.
MAVAN Staking Infrastructure Drives Yield Generation Bitmine disclosed 4,879,157 staked ETH across its proprietary staking infrastructure and partner validators. These staked holdings carry an estimated value of $7.7 billion. This staked portion comprises over 85% of the company’s entire Ethereum position.
The MAVAN initiative—Made in America Validator Network—serves as the company’s institutional-grade staking solution. Bitmine developed MAVAN primarily to optimize returns on its treasury holdings. The platform will eventually extend services to custodial institutions, traditional finance entities, and blockchain ecosystem participants.
Staking operations produced a 2.75% annualized seven-day yield according to company data. Management projects annual staking revenue of $211 million based on current staked positions. When operating at maximum capacity, the platform anticipates generating approximately $246 million in yearly rewards.
Russell 1000 Inclusion and Preferred Securities Launch Bitmine secured placement in the Russell 1000 Large-cap Index effective June 26, 2026. The addition occurred during the index’s annual rebalancing process. Management anticipates enhanced institutional ownership through passive investment vehicles and index-tracking exchange-traded funds.
In early June, the company successfully executed a preferred equity offering. Bitmine issued 3.5 million shares of 9.50% Series A Perpetual Preferred Stock. After underwriting fees and transaction expenses, the company received net proceeds of approximately $273.8 million.
Preferred shares commenced trading on the New York Stock Exchange under ticker symbol BMNP. Bitmine reported an additional $555 million in liquid assets and marketable securities. The broader portfolio encompasses 206 Bitcoin, equity positions in Eightco, and a $180 million investment in Beast Industries.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Despite the declines that began in October, LD Capital founder Jack Yi, who had consistently expressed optimism about Ethereum until the beginning of February, had now lost hope in ETH.
Yi stated that he was one of those who felt the most pressure during the decline in early February, and admitted that it was a mistake to be overly optimistic about Ethereum.
Following these erroneous actions, Jack Yi, who is now approaching Ethereum and the market more cautiously, shared his new analysis from his X account.
According to JackYi, Bitcoin is currently in its final downtrend phase.
The expert noted that BTC is experiencing its third downturn since October of last year, and according to Elliott Wave and cycle theories, this decline could be the last major drop of the bear market. According to Elliott Wave theory, the third wave is usually the strongest and longest-lasting.
The Chinese founder added that the key variables in determining the bottom are the performance of the US stock market and the price of Strategy (MSTR). Yi believes that a sustained decline in stocks could drag Bitcoin further down, while a rebound in MSTR could signal a broader market bottom.
“We are currently experiencing the third wave of decline since 11:10, and according to ripple theory and cycle rules, this is the last major downward wave for Bitcoin.”
Furthermore, black swan events or sudden spikes often occur at the end of past bear markets, but this one hasn’t happened yet, so we need to watch it closely.”
What Levels Could Bitcoin Reach? Yi, who sets Bitcoin’s potential price targets based on its October all-time high of $126,000, suggested that a 60% drop from BTC’s recent ATH of $126,000 could bring it down to $51,000, and a 66% drop could bring it down to $43,000. According to Yi, these percentages represent significant declines from current prices and signal a deep bear market bottom.
Finally, JackYi predicted that July and August would constitute the final downturn of this cycle, offering the most valuable buying opportunity for the next three years.
“Finally, if we calculate based on BTC’s highest point of $126,000, a 60% drop would be $51,000, and a 66% drop would be $43,000. In any case, July-August should be the final period, the best time for a dip, and even the most valuable trading opportunity for the next three years.”
*This is not investment advice.
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Ethereum treasury firm Bitmine made another ETH purchase last week, with its holdings climbing above 5.7 million ETH. BMNR stock is up today amid the announcement of this latest purchase, which also comes as the firm joins the Russell 1000 index.
Bitmine Acquires 27,084 ETH as Holdings Top 5.7 Million ETH In a press release, the firm announced that it acquired 27,084 ETH over the past week, maintaining a steady pace of accumulation throughout this year. Bitmine’s Chairman, Tom Lee, reiterated that they believe the market is in the early stages of a crypto spring and expect to reach the ‘alchemy of 5%’ sometime in 2026.
The company now holds just over 5.7 million ETH, which represent 4.7% of the ETH supply of 120.7 million ETH. Meanwhile, the Ethereum treasury firm has staked almost 4.9 million ETH, worth around $7.7 billion at current prices. The 4.9 million ETH represents 85% of the firm’s total holdings.
Tom Lee said they project annualized staking revenue of $211 million from their staked ETH. Their staking operations have generated a 7-day yield of 2.75% annualized. This development comes as the Ethereum treasury firm joins the Russell 1000.
As CoinGape reported, Bitmine joined the Russell 1000 last week as part of the annual reconstitution of the stock market index. Tom Lee noted that they expect to add hundreds, possibly thousands, of additional institutional investors as equity owners with this move.
Positive Developments Amid Market Downtrend The Bitmine chairman noted that this past week was a challenging one for crypto investors as the Ethereum price fell by 8%. However, he pointed to the fact that ETH witnessed positive developments, such as the creation of Ethlabs, while the Bank of England softened its stance around stablecoins.
“We are nearing quarter-end for June, and it is not surprising to see ‘window dressing’ leading to investors reducing their holdings in assets which have fallen in the past 3 months,” Lee said. Ethereum and the Bitmine stock have recovered today following last week’s downtrend.
ETH is approaching the psychological $1,600 level. Meanwhile, the BMNR stock is up almost 2% at the market open today, trading at around $14, according to TradingView data. However, the stock is still down over 15% in the last week.
Bitmine Immersion Technologies (NYSE: $BMNR), chaired by @fundstrat's Tom Lee, has expanded its sovereign Ethereum reserve to 5,700,040 $ETH, placing the firm in control of 4.7% of the total circulating supply of 120.7 million tokens, according to a filing with the SEC.
World's Largest Corporate ETH TreasuryThe company's combined crypto, cash, and marketable securities holdings stand at $9.8 billion, cementing its position as the world's largest corporate Ethereum treasury. Bitmine's crypto holdings rank as the number one Ethereum treasury and number two global crypto treasury, behind Strategy Inc. (NASDAQ: MSTR). The firm has set an explicit target it calls the "alchemy of 5%," aiming to hold 5% of all circulating $ETH sometime in 2026. As of its latest disclosure, Bitmine is 94% of the way to that goal in just 11 months.
A significant portion of those holdings is already put to work. The company has 4,879,157 ETH staked, representing $7.7 billion at $1,569 per ETH, through its MAVAN (Made in America VAlidator Network) platform. Annualized staking revenues are projected at around $230 million.
Russell 1000 Inclusion and $BMNP Preferred Stock Bitmine was added to the Russell 1000 Index, with the inclusion becoming effective following the 2026 Russell U.S. Index reconstitution. The Russell 1000 is one of the main U.S. large-cap equity benchmarks, and inclusion typically brings fresh demand from funds that track it, increasing liquidity in the stock.
The company has also bolstered its balance sheet through the capital markets. On June 10, Bitmine closed an offering of 3,500,000 shares of its 9.50% Series A Perpetual Preferred Stock at $80.00 per share, receiving net proceeds of approximately $273.8 million after underwriting discounts and expenses. The Series A Preferred Stock trades on the NYSE under the symbol $BMNP, with dividends scheduled to be paid weekly. The company intends to use the proceeds to buy more Ethereum and other digital assets and scale its MAVAN staking and validator infrastructure.
On the broader strategic outlook, Lee has pointed to tokenization and artificial intelligence as key demand drivers for Ethereum. "The best years for crypto remain ahead, in our view. Tokenization and the rapid progress in AI are expected to drive exponential demand growth for blockchain and decentralized crypto," Lee stated.
Sources:
Bitmine SEC Form 8-K Filing, June 2026
Bitmine Press Release via PR Newswire, June 22, 2026
BitMine, Upexi Secure Russell Index Inclusion, The Crypto Times
CZ: I previously sent a message to Elon Musk to discuss cooperation based on X Money, and received a reply stating that X Money is currently not involved in cryptocurrency.
In an interview, CZ stated that when X Corp launched X Money, he sent a message to Elon Musk on X, inquiring whether Binance could become a partner. Musk responded that X Money is not currently venturing into the cryptocurrency space. CZ added that he hopes X will eventually evolve into a global payments platform, drawing a parallel between this opportunity and Starlink’s achievements in the internet access sector.
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CZ comments on MicroStrategy: The company’s asset structure is overly complex, but he views Michael Saylor as a "steadfast Bitcoin supporter".
In an interview, CZ stated that Strategy’s preferred stock STRC structure is "too complicated", noting that "it took many attempts to understand STRC". The product relies on Bitcoin as underlying collateral, creating a structural contradiction: while Bitcoin’s long-term appreciation thesis may be valid, its volatility makes it a challenging base for leverage instruments. CZ also emphasized he is not commenting on founder Michael Saylor’s credibility, describing him as a "firm Bitcoin supporter".
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CZ: Binance’s Greek MiCA license application was nearly approved, but was forced to withdraw due to external factors.
In an interview, CZ stated that Binance’s MiCA license application submitted in Greece was fully compliant with regulatory requirements and near approval before being withdrawn, but the process was interrupted by "external political intervention". He added that multiple EU countries had expressed interest in the license, leading to a degree of "competitive lobbying", yet non-regulatory factors ultimately derailed the application, forcing its withdrawal. Binance officially pulled the Greek application last week and said it will shift to other EU member states to pursue MiCA authorization. Responding to market rumors linking Binance to senior EU political figures, CZ noted he has not seen any verifiable documents, only similar claims online, and has not confirmed them. He also pointed out that the EU MiCA transition period will end on July 1, after which unlicensed platforms must cease related services, with national regulators making clear they will not extend the deadline. CZ called the outcome a "lose-lose situation" and cited Japan and Singapore’s regulatory paths as examples, emphasizing compliance processes often require longer timelines.
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Kraken is set to list the Bittensor subnet Alpha token.
Barry Silbert, founder and CEO of Digital Currency Group (DCG), parent company of Grayscale, reposted on X to disclose that crypto exchange Kraken is set to list Alpha tokens from Bittensor subnets. According to leaked details, the first batch of tokens to be listed includes Chutes, Targon, Score, Ridges AI, Hippius, and others.
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Trump: Will Take Immediate Action on Fed Governor Lisa Cook’s Eligibility for Her Position
US President Trump stated that in the lawsuit over the eligibility of Federal Reserve Governor Cook, the Supreme Court remanded the case to a lower court solely on procedural grounds. We will immediately take appropriate action to ensure that individuals who have engaged in misconduct do not continue to make decisions on major matters related to the well-being of the United States.
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Castle Securities warns that the Federal Reserve’s policies will become more stringent.
Castle Securities stated that investors have underestimated Fed Chair Kevin Warsh’s resolve to curb inflation, warning that higher interest rates could put pressure on risk assets. The firm also cautioned that the rally in the artificial intelligence market faces growing risks, including weak demand, declining returns, and intensified political and regulatory scrutiny.
BitMine Immersion Technologies just added another 27,084 ETH to its balance sheet, paying roughly $43 million for the haul. The purchase brings the company’s total Ethereum holdings north of 5.7 million tokens, representing approximately 4.7% of the circulating supply.
From Bitcoin miner to Ethereum whale BitMine, trading under the ticker BMNR, has undergone a dramatic identity shift. The company pivoted from its origins as a Bitcoin mining operation into what is now essentially an Ethereum treasury vehicle, guided by chairman Tom Lee, the Fundstrat founder who has spent years as one of Wall Street’s most vocal crypto bulls.
BMNR’s total crypto and cash holdings are now estimated at around $9.8 billion. This latest $43 million purchase is just the most recent in a string of acquisitions throughout 2026. The firm has executed multiple large ETH buys this year, including a single tranche of 126,971 ETH for approximately $214 million.
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Lee has indicated that the accumulation will continue through the rest of 2026. The strategic target is clear: reach 5% of Ethereum’s total supply by year-end. At 4.7%, that finish line is getting close.
The playbook behind the buying BMNR has been timing its purchases around market dips, essentially buying weakness rather than chasing momentum. Lee has attributed recent ETH price softness to quarter-end portfolio adjustments, the kind of seasonal rebalancing that temporarily pushes prices lower without reflecting any fundamental change.
The funding mechanism is worth understanding. BMNR isn’t just selling equity to buy tokens. The strategy is partially bankrolled by staking rewards, meaning the Ethereum the company already holds generates yield that helps fund additional purchases. On top of that, the company has filed for preferred stock yielding 9.5%, creating another capital channel specifically designed to fuel further accumulation.
Lee has acknowledged that the strategy involves riding through unrealized losses during price corrections.
Why Ethereum, and why now Lee has been vocal about his belief that Ethereum is entering a supercycle, one driven by real-world asset tokenization migrating onto the network and the growing intersection between blockchain infrastructure and AI demand.
What this means for investors There’s also the question of what BMNR’s preferred stock offering means for retail investors in the company itself. A 9.5% yield is attractive, but it’s attractive precisely because it carries risk. That yield is ultimately backed by a volatile asset, and the company’s ability to sustain it depends on Ethereum maintaining or growing in value.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
A single corporate entity now controls 4.7% of the entire Ethereum supply. It is not an exchange, a protocol treasury, or a decentralized autonomous organization. It is a private company that just added another 27,084 ETH to its balance sheet in one week.
According to the original report, Bitmine now holds 5.70 million ETH. The firm also carries $555 million in cash and marketable securities, with 4.88 million of that ETH actively staked. At a projected annualized staking revenue of $211 million, the position generates a reliable nine-figure income stream without selling a single coin.
That scale puts Bitmine in a category that even some of Ethereum’s largest ICO-era whales would struggle to match. The accumulation pattern does not look like a short-term trade. It looks like a multi-year treasury strategy built around staking yield and a conviction that the asset itself will appreciate.
The mechanics behind a massive staking position Running a validator operation with 4.88 million ETH staked requires meaningful infrastructure. The 27,084 ETH added this week would itself be enough to run over 800 validators. The fact that Bitmine can absorb that kind of inflow without visible market disruption says something about the liquidity structure around ETH today. Most of the buying likely happened off-exchange or through OTC desks, limiting price impact.
The staking yield alone—$211 million a year—is not trivial. At current Ethereum staking rates, it is consistent with a blended annual return somewhere in the range institutional investors track closely. With $555 million in cash and marketable securities on top, Bitmine is running a capital-heavy operation that looks more like a traditional treasury desk than a crypto startup.
Meanwhile, Ethereum’s developer ecosystem continues to dominate activity rankings. Top 10 Blockchains by Developer Activity This Week at BlockchainReporter shows Ethereum still out front, with layer-2 networks and alternative layer-1s trailing behind. Heavy staking participation like Bitmine’s anchors the security of a chain that still attracts the most builders.
Supply concentration and what it means for the market Owning 4.7% of a $300 billion asset is not just a financial statistic. It is a market structure question. Large stakers do not only influence supply dynamics; they also affect validator queue mechanics if they ever decide to rotate out of the position. A partial unstake of that magnitude would create an exit event that fills the withdrawal queue for weeks and jolts the staking derivative market.
Yet the market seems to price concentration risk unevenly. The same week Bitmine expanded its holdings, SUI Price Today showed how institutional staking demand can drive a rally on other chains too. Across the sector, staking-as-a-service and corporate treasury allocations are starting to merge. When a firm can earn solid yield and still vote on network proposals, staking ETH looks more like an operational asset than a trading position.
Regulatory shadows over staking treasuries What remains uncertain is whether a corporate entity staking nearly 5 million ETH draws the attention of policymakers in the United States and Europe. Enforcement actions against staking services have mostly targeted exchange-based offerings, but a single private company holding such a large share of the supply could eventually trigger questions about concentration, governance influence, and market integrity.
The fight in Washington over crypto market structure legislation is not settled. As Banks Are Trying to Kill the Biggest Crypto Bill in US History detailed, banking interests are pushing hard to reshape the rules, and the outcome could directly affect whether large staking operations face additional compliance burdens in the years ahead.
For now, Bitmine’s accumulation play works on the assumption that the rules will not choke the model. The firm keeps buying and keeps staking. If the regulatory environment stays permissive, the 4.7% figure may just be a waypoint.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Blockchain analytics firm Chainalysis has published an in-depth examination of a sophisticated exploit that drained at least $7.5 million from JaredfromSubway.eth, widely regarded as Ethereum’s most active sandwich-attack operator. According to insights from Chainalysis, the incident unfolded over June 20–21, 2026, when an unknown attacker used a reverse honeypot to turn the bot’s own aggressive trading logic against it.
As explained by Chainalysis, these so-called sandwich attacks are a common maximal extractable value (MEV) tactic on Ethereum.
Bots monitor the public mempool for pending user transactions and insert their own orders around them.
They typically buy a token immediately before the victim’s purchase to push the price higher, then sell right after, profiting from the resulting slippage while the original trader receives a worse execution price.
JaredfromSubway.eth, operating pseudonymously since 2023, built one of the most successful versions of this strategy.
At its peak, the bot was among the network’s largest gas consumers and was estimated to have cost other traders roughly $60 million annually in unfavorable trades while generating tens of millions in profits for its operator.
The June exploit began weeks earlier when the attacker deployed 66 fake token contracts that closely mimicked legitimate assets such as WETH, USDC, and USDT.
These were paired with fabricated liquidity pools engineered to appear as profitable sandwich opportunities.
JaredfromSubway.eth’s bot, optimized for rapid detection of mempool activity, repeatedly interacted with the deceptive contracts.
In doing so, it granted token-spending approvals to the malicious smart contracts.
These approvals were never revoked and accumulated across multiple transactions.
Once sufficient approvals were in place, a tripwire smart contract controlled by the attacker activated.
A single coordinated transaction then swept the bot’s wallets, extracting approximately $7.5 million in Ether and stablecoins.
Chainalysis tracked the subsequent flow using its on-chain tools: the attacker quickly swapped the stablecoins for Ether to reduce freeze risk from issuers, distributed the funds across several wallets, and routed them through Tornado Cash. No recoveries have been reported.
The attack succeeded because the bot granted spending permissions to contracts it never properly vetted.
Chainalysis notes that the operator prioritized speed over basic due diligence, such as checking contract verification status on Etherscan or reviewing deployment history.
This oversight allowed the fake pools to function as an effective honeypot.
The incident carries broader lessons for DeFi participants.
Token approvals function as ongoing permissions that can remain active indefinitely unless explicitly revoked.
Many users—retail traders and automated systems alike—grant broad or unlimited spending rights to contracts they have never reviewed.
Chainalysis highlights the risks of interacting with newly deployed or unverified liquidity pools that lack an established track record.
The firm recommends regularly revoking unused approvals and exercising caution with unfamiliar contracts before approving any spending rights.
Even highly optimized MEV bots are not immune to deception when security hygiene is neglected.
The JaredfromSubway.eth case demonstrates that the same on-chain mechanisms enabling profitable trading can be weaponized by attackers who understand how these systems operate. As Chainalysis observes, protecting against such exploits requires consistent attention to approvals and contract verification, practices that apply equally to sophisticated operators and everyday DeFi users.
Bitmine has increased its Ethereum holdings to more than 5.7 million ETH, bringing the company within reach of its stated goal of controlling 5% of the cryptocurrency’s circulating supply.
Summary
Bitmine added 27,084 ETH last week, increasing its treasury to more than 5.7 million ETH, or about 4.7% of Ethereum’s supply. Chairman Tom Lee said the company remains on track to reach its goal of controlling 5% of Ethereum’s circulating supply in 2026. Ethereum continues to hold above key support near $1,510, while Bitmine and other treasury firms keep accumulating despite recent market weakness. According to a June 29 company announcement, the Ethereum treasury firm purchased another 27,084 ETH over the past week, lifting its total holdings to just over 5.7 million ETH.
Based on Bitmine’s figures, the treasury now represents about 4.7% of Ethereum’s estimated circulating supply of 120.7 million ETH, while Chairman Tom Lee reiterated his expectation that the company could reach the “alchemy of 5%” sometime in 2026.
Bitmine expands Ethereum treasury through steady buying The latest purchase continues Bitmine’s accumulation strategy despite a difficult week for the crypto market. Ethereum fell around 8% during the period, yet the company maintained its buying pace while keeping most of its holdings in staking.
Per the announcement, Bitmine has staked nearly 4.9 million ETH, or about 85% of its treasury, with those holdings valued at roughly $7.7 billion at current market prices.
Tom Lee said the company projects annualized staking revenue of about $211 million, while its staking operations have recently generated an annualized seven-day yield of 2.75%.
Bitmine’s scale has made it the largest publicly traded Ethereum treasury company. Its Arkham wallet page has become a closely watched reference for investors tracking the firm’s purchases and staking activity, drawing attention to both the rapid expansion of its treasury and its exposure to Ethereum price swings.
Earlier this month, crypto.news examined what could happen if treasury companies continue accumulating large portions of Ethereum’s supply. The report noted that while sustained buying can reduce liquid supply available on the market, concentrated ownership may also increase risks if companies later finance operations through debt, equity issuance, or asset sales during weaker market conditions.
Institutional positioning continues despite weak price action Separately, Bitmine said it has joined the Russell 1000 index following the annual reconstitution of the benchmark. Tom Lee stated that the inclusion could introduce hundreds or even thousands of additional institutional investors to the company’s shareholder base.
Although Ethereum has struggled in recent weeks, Lee pointed to several industry developments that he believes remain supportive. He cited the launch of Ethlabs and the Bank of England’s softer position on stablecoins as positive developments for the Ethereum ecosystem.
Commenting on the recent weakness across crypto markets, Lee said the selling pressure was consistent with quarter-end portfolio repositioning rather than a change in Ethereum’s long-term outlook.
“We are nearing quarter-end for June, and it is not surprising to see ‘window dressing’ leading to investors reducing their holdings in assets which have fallen in the past 3 months.”
The latest treasury purchase also comes as other publicly traded Ethereum holders continue adding to their positions. According to blockchain data highlighted by crypto analyst Rain, SharpLink acquired 39,196 ETH worth about $62.4 million over three days, even as spot Ethereum exchange-traded funds recorded a seventh straight week of net outflows.
Sharplink bought $62.4M of $ETH in three days after sitting out for eight months.
39,196 ETH total. 5,000 Thursday. 5,000 Friday. 29,196 across three OTC deals Saturday.
ETH is down 22.8% month-on-month, near 50% since January.
Spot ETH ETFs hit seven straight weeks of… pic.twitter.com/wdLPbd2PO4
— Rain (@raintures) June 29, 2026 Rain argued that the buying suggests some corporate treasury managers are positioning for long-term institutional adoption rather than responding to short-term market momentum.
Bitmine’s Ethereum strategy has also become increasingly linked to its public-market structure. In an earlier report, crypto.news noted that the company’s BMNP preferred-share dividend plan ties shareholder payments to the size of its Ethereum treasury and the income generated from staking, making staking returns a core part of the firm’s capital strategy rather than simply an additional revenue source.
Ethereum remains pinned near major support From a technical perspective, Ethereum appears to be forming a descending triangle on the daily chart, with a series of lower highs pressing against horizontal support near $1,510. The pattern suggests sellers continue to gain control while buyers defend the same price zone.
Ethereum daily price chart — June 29 | Source: crypto.news Momentum indicators remain cautious. The daily RSI is holding near 31, close to oversold territory, suggesting selling pressure has eased but buyers have yet to regain control. Meanwhile, the MACD remains below the zero line despite flattening out, indicating bearish momentum is weakening without confirming a reversal.
A breakout above the descending trendline and the $1,700 resistance could invalidate the bearish setup and open the way toward the $1,860 Fibonacci resistance. Conversely, a decisive break below the $1,510 support would confirm the descending triangle and could accelerate losses toward the psychological $1,400 level.
Bitmine Immersion Technologies (BMNR) added 27,084 ETH over the past week, bringing its total holdings to 5,700,040 coins and pushing the company to 94% of its target of owning 5% of Ethereum's circulating supply.
As of June 28, Bitmine's 5.70 million (ETH) — priced at $1,569 per coin — represents 4.7% of total ETH supply, which stands at 120.7 million coins, the company announced Monday.
Total crypto holdings, cash, marketable securities, and "moonshot" positions reached $9.8 billion, including a $180 million stake in Beast Industries, a $74 million stake in Eightco Holdings, and $555 million in cash and marketable securities, the company said.
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Challenging week "This past week was a challenging one for crypto investors as ETH fell by 8%, even as Ethereum witnessed notable positive developments such as the creation of Ethlabs, and even the Bank of England softened its stance around stablecoins," Chairman Tom Lee said.
Lee attributed the price weakness to quarter-end window dressing, describing it as investors reducing exposure to assets that have declined over the past three months. Bitmine's pace of accumulation slowed from the prior week, when the company acquired 52,203 ETH.
"We continue to maintain a steady pace of accumulation throughout 2026," Lee said. "We believe we are in the early stages of crypto spring. Bitmine is expected to reach the 'alchemy of 5%' sometime in 2026."
Russell 1000 inclusion On June 26, Bitmine was added to the Russell 1000 Large-cap index as part of the index's annual reconstitution.
Lee said the inclusion is expected to bring hundreds, and potentially thousands, of additional institutional investors into the stock as passive funds and ETFs — which the Investment Company Institute estimates typically hold 18% to 20% of a company's shares — rebalance to reflect the change.
Of Bitmine's 5.70 million ETH, 4,879,157 are currently staked, representing approximately $7.7 billion at the June 28 price. Annualized staking revenues are projected at $211 million, Lee said.
At full scale — when Bitmine's ETH is fully staked through MAVAN, the company's institutional-grade validator network, and its staking partners — projected annualized staking rewards rise to $246 million, based on a 2.75% seven-day yield, Lee added.
Bitmine remains the largest corporate Ethereum treasury in the world and the second-largest corporate crypto treasury overall, behind Strategy, which owns 847,363 BTC valued at approximately $50 billion, per The Block’s data.
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ETH was trading at approximately $1,565 at the time of publication, according to The Block's price page. BMNR shares were changing hands around $13.56 on Monday, down roughly 13% over the past week and more than 90% below their 52-week high of $161.00.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
Ethereum [ETH] has faced renewed selling pressure after large holders reduced their positions by roughly 550,000 ETH, valued at nearly $880 million, over the past week. The scale of the distribution reflected growing caution among major market participants and increased the available supply entering the market.
As a result, Ethereum lost ground and slipped toward the $1,560 support area highlighted on the daily chart. The decline also aligned with weakening market structure after Ethereum failed to reclaim higher resistance levels earlier this month.
Instead of attracting aggressive follow-through buying, each recovery attempt encountered renewed selling pressure.
Buyers returned despite aggressive whale selling Spot Taker CVD presented a different picture from the whale activity.
At the time of writing, Taker Buy Dominant indicated that market buyers had regained control of executed spot orders despite the sizeable distribution from large holders. This shift suggested that retail participants and smaller investors absorbed part of the additional supply entering the market.
Buying interest strengthened near support instead of disappearing after the decline. Even so, the renewed demand had not yet translated into a decisive breakout because whale selling remained substantial throughout the week.
Buyers therefore faced the difficult task of overcoming persistent overhead supply before Ethereum could establish a stronger recovery.
Source: CryptoQuant Ethereum fights to protect a major support Ethereum revisited the $1,560 demand zone after completing a sharp decline from the $2,000 resistance region.
The daily chart showed buyers responding every time price approached this area, preventing another immediate breakdown. That repeated defense suggested the level continued attracting demand despite broader market weakness.
At press time, the RSI remained below the neutral 50 level and printed around 33, showing that bullish strength had not fully recovered. Despite that, the indicator stayed above its recent low, suggesting selling pressure had eased compared with the earlier collapse.
Price also continued forming higher rebounds from support, although it still traded beneath the major resistance levels at $1,800 and $2,000. If buyers continued defending the current zone, Ethereum could attempt another recovery toward those resistance levels.
However, losing $1,560 would likely expose the market to another leg lower before stronger demand emerged.
Source: TradingView Liquidity barrier could shape Ethereum’s next move The Binance ETH/USDT Liquidation Heatmap showed the largest concentration of liquidity sitting around the $1,590-$1,600 region.
Those dense liquidation clusters represented the closest obstacle above the current market price and highlighted where volatility could increase if Ethereum continued recovering.
Price had already approached this area several times without producing a sustained breakout. That behavior indicated sellers remained active around the liquidity pocket even as buyers defended lower levels.
Clearing the $1,590-$1,600 cluster could trigger additional short liquidations and encourage price to challenge the next resistance near $1,800. Otherwise, repeated rejection inside that zone would strengthen the case for another retest of $1,560, where buyers would once again need to absorb renewed selling pressure.
Source: CoinGlass Can ETH regain control? Ethereum showed signs of stabilization after buyers defended the $1,560 support despite heavy whale selling. Spot demand also strengthened, offering an encouraging signal beneath the surface.
However, the market would likely need to clear the $1,590-$1,600 liquidity barrier before any broader recovery could develop. Failing to overcome that zone could keep Ethereum trapped near support and increase the risk of another downside test.
Final Summary Ethereum whales distributed 550,000 ETH as buyers continued absorbing supply near the $1,560 support. Spot buying strengthened despite whale selling, while heavy liquidity remained concentrated around $1,590–$1,600.
In brief BitMine added another $43 million in Ethereum to its balance sheet last week, despite falling prices. The firm now holds more than 5.7 million ETH valued around $9 billion. As BitMine continued its consistent purchases, top Bitcoin treasury firm Strategy did not add to its holdings last week. Leading Ethereum treasury firm BitMine Immersion Technologies stayed consistent in the face of declining crypto prices last week, adding nearly $43 million in ETH to its stash even while top Bitcoin treasury company Strategy opted against accumulating BTC.
The firm now holds more than 5.7 million ETH, valued around $9 billion. It also holds around 206 Bitcoin, worth $12.3 million.
“This past week was a challenging one for crypto investors as ETH fell by 8%, even as Ethereum witnessed notable positive developments such as the creation of Ethlabs, and even the Bank of England softened its stance around stablecoins,” said BitMine Chairman Tom Lee in a statement. (Disclaimer: Lee is an investor in Decrypt parent company, Dastan).
Ethlabs, a new nonprofit research and development lab dedicated to championing the future of the Ethereum network and its native asset, is financially backed by BitMine and competing treasury firm Sharplink.
Lee maintained that crypto's future looks bright, and said the firm “remains focused on the longer-term horizon,” highlighting tailwinds like agentic payments and institutional adoption of crypto rails.
“We are nearing quarter-end for June, and it is not surprising to see 'window dressing' leading to investors reducing their holdings in assets which have fallen in the past three months,” he said.
The firm’s primary treasury asset, ETH, has now fallen 22% in the last month of trading, recently trading hands at $1,567. At that mark, ETH is now 68% off its all-time high of $4,946.
Bitcoin has performed marginally better, dipping 19% in the last month of trading and more than 52% from its all-time high of $126,080, changing hands on Monday at $59,324.
As its primary treasury vehicle slides, so too have shares in BitMine (BMNR). The firm’s stock has fallen nearly 17% in the last five trading days and more than 31% in the last month of trading, recently trading at $13.21—down about 2.6% so far Monday.
Shares are now down more than 91% from a 52-week high of $161 established shortly after the firm adopted its Ethereum treasury strategy last June.
That crypto-amassing model was pioneered by Bitcoin giant Strategy and its co-founder and Executive Chairman Michael Saylor, who started aggressively accumulating BTC in 2020. While the firm had aggressively and consistently added BTC on a nearly weekly basis in recent years, it did not add to its holdings last week amid scrutiny of its preferred equity offering, STRC, which fell to new lows on Friday.
Instead, the firm approved plans to sell up to $1.25 billion worth of Bitcoin to build up its cash reserves to fuel dividend payments.
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In brief BitMine added another $43 million in Ethereum to its balance sheet last week, despite falling prices. The firm now holds more than 5.7 million ETH valued around $9 billion. As BitMine continued its consistent purchases, top Bitcoin treasury firm Strategy did not add to its holdings last week. Leading Ethereum treasury firm BitMine Immersion Technologies stayed consistent in the face of declining crypto prices last week, adding nearly $43 million in ETH to its stash even while top Bitcoin treasury company Strategy opted against accumulating BTC.
The firm now holds more than 5.7 million ETH, valued around $9 billion. It also holds around 206 Bitcoin, worth $12.3 million.
“This past week was a challenging one for crypto investors as ETH fell by 8%, even as Ethereum witnessed notable positive developments such as the creation of Ethlabs, and even the Bank of England softened its stance around stablecoins,” said BitMine Chairman Tom Lee in a statement. (Disclaimer: Lee is an investor in Decrypt parent company, Dastan).
Ethlabs, a new nonprofit research and development lab dedicated to championing the future of the Ethereum network and its native asset, is financially backed by BitMine and competing treasury firm Sharplink.
Lee maintained that crypto's future looks bright, and said the firm “remains focused on the longer-term horizon,” highlighting tailwinds like agentic payments and institutional adoption of crypto rails.
“We are nearing quarter-end for June, and it is not surprising to see 'window dressing' leading to investors reducing their holdings in assets which have fallen in the past three months,” he said.
The firm’s primary treasury asset, ETH, has now fallen 22% in the last month of trading, recently trading hands at $1,567. At that mark, ETH is now 68% off its all-time high of $4,946.
Bitcoin has performed marginally better, dipping 19% in the last month of trading and more than 52% from its all-time high of $126,080, changing hands on Monday at $59,324.
As its primary treasury vehicle slides, so too have shares in BitMine (BMNR). The firm’s stock has fallen nearly 17% in the last five trading days and more than 31% in the last month of trading, recently trading at $13.21—down about 2.6% so far Monday.
Shares are now down more than 91% from a 52-week high of $161 established shortly after the firm adopted its Ethereum treasury strategy last June.
That crypto-amassing model was pioneered by Bitcoin giant Strategy and its co-founder and Executive Chairman Michael Saylor, who started aggressively accumulating BTC in 2020. While the firm had aggressively and consistently added BTC on a nearly weekly basis in recent years, it did not add to its holdings last week amid scrutiny of its preferred equity offering, STRC, which fell to new lows on Friday.
Instead, the firm approved plans to sell up to $1.25 billion worth of Bitcoin to build up its cash reserves to fuel dividend payments.
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For more details, visit the official Coindesk platform.
TL;DR Tom Lee has linked recent crypto weakness to quarter-end “window dressing.” Bitmine added another $43 million worth of ETH, its smallest purchase since early May. The setup matters because it frames the selloff as potentially positioning-driven rather than purely fundamental. Tom Lee Sees Positioning Behind Crypto Weakness Tom Lee has pointed to quarter-end “window dressing” as a possible reason behind the latest bout of crypto weakness, arguing that some investors may be cutting losers or reducing visible exposure before the start of the second half of the year.
That explanation is useful because it gives traders a different way to read the market. When prices fall, the first instinct is often to look for a major new catalyst: bad macro data, regulatory pressure, forced selling, ETF outflows, or a breakdown in risk appetite. Sometimes those factors matter. But at the end of a quarter, flows can also become more mechanical.
Portfolio managers may clean up books. Funds may reduce positions they do not want to show. Traders may de-risk ahead of reporting periods. None of that guarantees a rebound, but it can mean that part of the selling pressure is calendar-driven rather than tied to a new long-term thesis.
Bitmine Keeps Buying ETH, But More Slowly The same update also put Bitmine back in focus after the company added another $43 million worth of Ethereum. The purchase was described as its smallest since early May, which is interesting in itself.
A smaller purchase does not mean the company has abandoned its Ethereum treasury strategy. It suggests a more measured approach while the market is choppy. That is probably the healthier read. Aggressive buying into every dip may look bold, but it can also become reckless if liquidity is weak and sentiment is deteriorating.
For Ethereum, Bitmine’s activity adds another layer to the market conversation. ETH is not just being traded as a high-beta crypto asset. It is also being accumulated by at least some corporate treasury players, even if that lane remains much smaller and less proven than Bitcoin treasury adoption.
Why Traders Should Care The key question is whether the recent weakness is a temporary positioning flush or the start of a deeper risk-off move.
If Lee is right and quarter-end behavior is a major driver, then the market could stabilize once that pressure clears. In that scenario, assets that held up reasonably well, or saw continued accumulation during the weakness, may get a cleaner read in early July.
But there is a caveat. Positioning explanations can be tempting because they make selloffs feel temporary. The market still has to prove it. ETH and broader crypto need actual demand to return, not just a story about why selling may fade.
For Bitmine, the takeaway is straightforward: the company is still adding ETH, but the smaller purchase size suggests some caution. For traders, that makes the next few sessions important. If crypto rebounds after quarter-end, Lee’s window-dressing argument will gain weight. If weakness continues, the market may be dealing with something deeper than reporting-period cleanup.
—
This article was written by the News Desk and edited by Samuel Rae.
As the leading cryptocurrency Bitcoin (BTC) attempts to hold onto support around the $60,000 level, it continues to face a number of adverse factors, including large capital outflows from US spot ETFs, concerns about a potential Fed interest rate hike, a strong dollar, rising Treasury bond yields, and military conflicts in the Middle East.
Amid these negative developments, further declines for Bitcoin continue to be predicted, with $50,000 being the most frequently mentioned option.
At this point, the analytics firm QCP Capital predicts that Bitcoin could reach $55,000.
QCP Capital analysts noted increased demand in the options market for BTC put options with a price range of $55,000 to $58,000 for the end of July.
Analysts also added that risk reversal indicators largely favored put options.
Finally, QCP Capital identified $58,000 and $1,500 as key support levels for Bitcoin and Ethereum, respectively.
The First Bottom Signal for Bitcoin Has Arrived! Furthermore, CryptoQuant analyst MorenoDV argues that the first bottoming signals are emerging in Bitcoin’s on-chain indicators.
According to the analyst, the first on-chain signal of a potential Bitcoin bottom has been observed. At this point, the analyst noted that the Bitcoin UTXO block profit/loss ratio has fallen to a level that historically coincides with market lows.
However, this doesn’t necessarily mean a bottom has been reached. According to the analyst, a stronger signal for a bottom in Bitcoin needs to emerge, and the 365-day moving average needs to show a much steeper decline. In other words, the current bear market may face further declines and market shocks before it completely ends.
“…The rate has fallen into a region that historically appears during bottom-forming phases. However, this doesn’t mean the bottom has been reached. Bitcoin may need to endure more pain before completely ending its bear market phase…”
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Dogecoin (DOGE) price remains in an extended downward trend, as the broader market risk-off sentiment weighs down on DOGE derivatives. From a technical viewpoint, DOGE risks deeper corrections as bearish momentum remains dominant despite indicators flashing oversold conditions.
Broader market risk-off sentiment weighs down on DOGEBearish grip tightens over the broader crypto market with Bitcoin (BTC) struggling for direction below $60,000 and CoinMarketCap’s Fear and Greed Index around 15 on Monday, well into the “Extreme Fear” zone. CoinGlass data shows a steady decline in DOGE futures Open Interest (OI) to $957.74 million on Monday, down from $1.76 billion on May 15, suggesting a positional easing as traders derisk.
The funding rate of around 0.0029% on Monday remains volatile and near zero, suggesting a short-term bullish bias amid a broad mixed consensus among traders.
DOGE derivatives data. Source: CoinGlassWill DOGE hold its ground at $0.070?Dogecoin edges lower toward $0.0700 at press time on Thursday, extending a clear bearish trend for over six weeks. The 50- and 200-day Exponential Moving Averages (EMAs) at $0.0885 and $0.1111, respectively, coupled with a downward trendline near $0.0826, keep Dogecoin rallies contained.
Momentum indicators on the daily chart hint at persistent downside pressure. The Moving Average Convergence Divergence (MACD) is below its signal line in negative territory, reinforcing a bearish bias despite an oversold Relative Strength Index (RSI) near 23.
On the downside, immediate support emerges at $0.0700, with a deeper floor seen at $0.0642, where buyers would need to step in to prevent a more pronounced bearish continuation.
DOGE/USDT daily price chart.On the topside, initial resistance is at $0.0777, ahead of the former trendline break near $0.0826, as a more distant cap if recovery extends.
(The technical analysis of this story was written with the help of an AI tool.)
Cryptocurrency metrics FAQs The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued. Only a certain number of these assets can be minted by mining, staking or other mechanisms. This is defined by the algorithm of the underlying blockchain technology. On the other hand, circulating supply can also be decreased via actions such as burning tokens, or mistakenly sending assets to addresses of other incompatible blockchains.
Market capitalization is the result of multiplying the circulating supply of a certain asset by the asset’s current market value.
Trading volume refers to the total number of tokens for a specific asset that has been transacted or exchanged between buyers and sellers within set trading hours, for example, 24 hours. It is used to gauge market sentiment, this metric combines all volumes on centralized exchanges and decentralized exchanges. Increasing trading volume often denotes the demand for a certain asset as more people are buying and selling the cryptocurrency.
Funding rates are a concept designed to encourage traders to take positions and ensure perpetual contract prices match spot markets. It defines a mechanism by exchanges to ensure that future prices and index prices periodic payments regularly converge. When the funding rate is positive, the price of the perpetual contract is higher than the mark price. This means traders who are bullish and have opened long positions pay traders who are in short positions. On the other hand, a negative funding rate means perpetual prices are below the mark price, and hence traders with short positions pay traders who have opened long positions.
Key Takeaways Dogecoin is consolidating within a narrow $0.073 to $0.076 corridor, facing crucial resistance around $0.078 An upward-sloping trendline indicates continued buyer presence, though no decisive breakout has materialized Open interest has surged while price action remains stagnant, creating vulnerability for overleveraged long traders Technical analyst Ali Charts identified a TD Sequential buy indication, emphasizing $0.073 as a critical support threshold The meme coin has declined 2.3% in the last 17 hours and 11.7% across the weekly timeframe, mirroring broader market weakness Dogecoin continues to trade within a confined range between $0.073 and $0.076 as market participants await a definitive directional move. The popular meme cryptocurrency has underperformed relative to other major altcoins throughout the past seven days.
[[IMG_4]]Dogecoin (DOGE) Price The token experienced approximately 2.3% depreciation during a 17-hour period and has surrendered roughly 11.7% of its value over the weekly span. This positions it among the more significant decliners within the large-capitalization cryptocurrency segment.
The wider digital asset market has faced sustained selling pressure. Bitcoin continues hovering beneath the $60,000 threshold, United States spot Bitcoin exchange-traded funds have recorded net capital outflows, and Federal Reserve policy stance remains restrictive. A strengthening US dollar has compounded these challenges.
Bitcoin’s market dominance has expanded to approximately 58.2%, signaling a capital rotation from elevated-risk altcoins such as DOGE toward the flagship cryptocurrency.
Technical analyst Carlos Garcia Tapia published a chart on X platform illustrating DOGE maintaining position above a significant wick formation near $0.07408. The price action continues respecting a near-term ascending trendline, indicating that buyers remain engaged in protecting lower price zones.
The initial resistance barrier stands near $0.0759. A successful breach of this level could establish a pathway toward $0.0783 to $0.0784. Following that zone, the $0.0803 area represents the subsequent target, with additional resistance positioned at $0.0850 and $0.0876.
Open Interest Surge Amid Stagnant Price Action An additional chart from analyst CW on X platform demonstrates open interest climbing substantially while price movement remained confined. This configuration typically signals market uncertainty and potential volatility ahead.
$DOGE has remained flat since the last large-scale long position buying. pic.twitter.com/liwHuBp6Jk
— CW (@CW8900) June 28, 2026
Concentrated long positions can fuel upward momentum if buyers successfully breach resistance levels. However, if price action remains sideways or deteriorates, these crowded long positions face liquidation risk during a potential flush-out event.
Market analyst Ali Charts shared on X that the TD Sequential indicator has generated a buy signal for DOGE. “My focus is squarely on $0.073,” Ali Charts stated. “Maintaining this level opens the door to $0.081. A breakdown invalidates the technical setup.”
The TD Sequential has flashed a buy signal on Dogecoin $DOGE.
I’m watching $0.073 closely. Hold it, and $0.081 is in play. Lose it, and the setup is no longer valid. pic.twitter.com/lihmmw0Rg5
— Ali Charts (@alicharts) June 26, 2026
The $0.073 price point has emerged as a widely-monitored support benchmark among traders and technical analysts.
Development Team Addresses Community Concerns From a fundamental perspective, the official Dogecoin account responded to assertions that the project lacks active development resources. The team emphasized a dedicated core contributor base and ongoing ecosystem initiatives.
This statement was interpreted as neutral to marginally constructive for DOGE’s long-term narrative and did not generate observable selling activity.
No DOGE-specific adverse developments are responsible for the recent price deterioration. The decline corresponds with comprehensive macroeconomic headwinds affecting the cryptocurrency marketplace.
Downside support resides near $0.072. A violation of this threshold would intensify pressure on current long position holders.
Dogecoin has been stuck in a tight range between $0.073 and $0.076 in recent days, showing lackluster momentum and trailing behind other major altcoins. While the market continues to search for a clear direction, Dogecoin’s price has yet to break decisively out of its narrow band. Compared to its peers, Dogecoin has underperformed over the past week, and technical areas are closely monitored by short-term traders.
The narrow trade continuesOver the past 17 hours, Dogecoin has slipped 2.3 percent in value, bringing its weekly drop to 11.7 percent. This sharp decline ranks DOGE among the most notable losers in the large-cap crypto segment and highlights the heightened volatility facing the asset.
Broader cryptocurrency markets remain under pressure. With Bitcoin holding below the $60,000 level and spot Bitcoin ETF outflows reported in the US, the risk-off tone is intensifying. The US Federal Reserve’s commitment to tight monetary policy and a strengthening dollar continue to weigh on riskier assets. Bitcoin dominance has climbed to 58.2 percent, suggesting that capital is moving from higher risk altcoins like DOGE into the relative safety of Bitcoin.
On the technical front, analyst Carlos Garcia Tapia posted a chart indicating that DOGE is managing to stay above the prominent wick region around $0.07408. The preservation of the short-term ascending trendline implies that buyers are still stepping in at lower price levels to defend the zone.
In the chart shared by Carlos Garcia Tapia, Dogecoin remains above its short-term upward trendline, with buyers active in lower price bands.
Resistance and support levels in focusThe first significant resistance is set at $0.0759. Should Dogecoin break this level, the $0.0783 to $0.0784 region could quickly come into play. Beyond this resistance band, further upside targets are $0.0803, followed by $0.0850 and $0.0876.
LevelType$0.073Critical support$0.072Lower support$0.0759First resistance$0.0783 to $0.0784Next resistance zone$0.0803Additional targetRising open interest raises volatility risksA chart shared by analyst CW shows open interest is rising noticeably even as the price remains flat. This suggests increasing uncertainty and raises the likelihood of a sharper price swing ahead. With a buildup in crowded long positions, breaking through resistance could spark strong upward momentum. However, if Dogecoin continues to move sideways or dips further, liquidation pressure on these leveraged positions could mount.
Mini glossary: Open interest is the total number of outstanding contracts in futures that have not yet been settled. When open interest rises while the price remains stagnant, it signals a buildup of leveraged bets and increased risk of a sudden market move.
Ali Charts has also pointed out that the TD Sequential indicator is flashing a buy signal for Dogecoin. The analyst is focused on the $0.073 threshold as the key level. If DOGE can maintain this support, a move back toward $0.081 could become the next target. However, losing this support would weaken the technical setup.
Ali Charts emphasized that holding the $0.073 level could open a path toward $0.081, while a breakdown below it would undermine the current technical outlook.
On the fundamental side, Dogecoin’s official account addressed claims that the project lacked active development resources. The team highlighted the presence of a dedicated core developer group and ongoing ecosystem efforts. Dogecoin, launched in 2013, remains one of the prominent cryptocurrencies with strong community backing.
There is no specific negative Dogecoin-only event behind the latest price dip. The retreat is mostly attributed to broader macroeconomic pressures that have weighed on the cryptocurrency market. During this downtrend, $0.072 stands out as an additional support zone; dipping below this point could exacerbate pressure on outstanding long positions.
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.
Dogecoin is currently trading within a critical price band, with a clear divergence between short and long-term market trends. At present, the cryptocurrency’s value fluctuates between $0.073 and $0.075. Analysts note that, while longer-term charts highlight an accumulation zone historically defended by buyers in past cycles, short-term price action continues to face significant selling pressure.
Accumulation zone stands out in long-term outlookIn an assessment of Dogecoin’s quarterly chart, one analyst highlights that the asset remains within a broad support zone that previously functioned as a base during weak market periods. This area, characterized by substantial buying interest, is recognized as both a strong demand region and a bear market accumulation zone.
This broader perspective emphasizes market structure over short-term price movements. After a notable pullback from its 2024 and 2025 highs, Dogecoin has returned to the same accumulation band that historically prompted buyers to re-enter, signaling the importance of this level going forward.
The quarterly chart shows that Dogecoin is still within a broad support area where it found backing in previous cycles, suggesting the potential for a stronger recovery over time if this region is preserved.
Maintaining this support zone could keep prospects for a large-scale rebound alive. Conversely, should the price fall decisively below this area, the overall structure would weaken and current seller dominance would be reinforced.
Seller pressure dominates in the short termOn the four-hour chart, a more fragile picture emerges. According to analysts, Dogecoin has slipped below the $0.079 to $0.081 range—previously a support area in June—and has been unable to sustain any rebound when revisiting this zone. As a result, the former support has now turned into resistance in the short term.
The primary negative signal on the chart stems from this failed retest. As long as the price remains below the broken support, analysts believe sellers will maintain short-term control. Additionally, Dogecoin now trades below the moving average at approximately $0.087, further indicating muted upward momentum.
IndicatorLevelSignificanceCurrent trading range$0.073 through $0.075Reflects present market consolidationShort-term resistance$0.079 – $0.081Breaking above could ease downward pressureMoving average$0.087Serves as the threshold for a momentum increaseDownside target$0.065Key level if resistance cannot be brokenFailure to reclaim the $0.079 to $0.081 range in the short-term indicates sellers remain in control, with $0.065 emerging as the next downside target.
The market’s attention remains focused on these technical levels. Should Dogecoin’s price climb back above the $0.079 to $0.081 range, the short-term bearish scenario may weaken. However, another rejection at this resistance could open the door to a further decline toward $0.065.
Analysts highlight that current levels will likely serve as critical markers for market participants, setting the tone for upcoming price action. Investors and traders are expected to monitor both the short-term resistance and long-term accumulation band for clues on potential trend reversals or deeper corrections.
Until significant developments occur, Dogecoin is likely to remain range-bound, fluctuating between the consolidation zone and the immediate resistance defined above. The market’s reaction to any breakouts or breakdowns will shape expectations for the coming weeks.
Market observers continue to watch for early signals that could indicate a shift in control from sellers to buyers, particularly signs of sustained momentum above the moving average or a decisive retest and reclamation of prior support zones.
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.
Dogecoin (DOGE) price has dropped by 30% between June 1 and June 29, and two analysts now suggest that this drop might lead to Dogecoin reaching a local bottom in July 2026.
Dogecoin price was down by 0.28% today, June 29, to trade at $0.073 at the time of writing, with $548 million in volumes per CoinMarketCap data.
Analysts Reveal Dogecoin’s Bottom Signals After Recent Crash Analyst Crypto GVR on X notes that the price of Dogecoin is on the verge of reversing from a downtrend to an uptrend after dropping to the range between $0.06 and $0.08.
In an X post, the analyst observed that Dogecoin’s drop to $0.06 would complete a double-bottom pattern that might pave the way for an upward move to between $0.15 and $0.20.
Analyst Krisspax shares the same outlook on Dogecoin price, saying that the price has dropped to test the support at the June 5 low of $0.70 and formed a double bottom pattern.
Dogecoin Price Chart (Source: X) The bullish outlook towards Dogecoin shared by the two analysts comes as Grayscale also revealed that Bitcoin has bottomed after dropping by 50% from $125,000 in October to $60,000 in June 2026.
If Bitcoin has indeed bottomed as Grayscale forecasts, Dogecoin, which usually mimics BTC’s price movements, might also start to rise just like analysts Crypto GVR and Krisspax forecast.
Key Support and Resistance Levels to Watch in Dogecoin Price in July The bullish outlook on Dogecoin by analysts saying that it has bottomed suggests that it has to defend the support level at $0.058 for the trend to reverse from a downtrend to an uptrend.
The last time that Dogecoin traded at this support level of $0.058 was in October 2023, and the price later gained by 82% to reach $0.106 in December 2023.
If buyers start to accumulate DOGE at this support level like they did in 2023, the journey upwards faces the first obstacle at $0.078.
Dogecoin dropped below $0.078 on June 28, and the price now needs to make three straight closes above this obstacle to confirm that bulls have a good grip.
The upward trend that could ensue after Dogecoin clears the hurdle at $0.078 will face the next test at the psychological resistance level of $0.10. Moving past this hurdle in July could support a bullish long-term Dogecoin price forecast.
DOGE/USDT Chart (Source: TradingView) The RSI reading of 31 suggests that the momentum is still favoring bears. This RSI reading might keep dropping like it did in June 2022 and reach 28. Until this RSI drops to 28, sellers remain in control, and Dogecoin price might drop to $0.06.
Leverage Flush Supports Dogecoin’s Bottom Signal as OI Drops Below $1B Data from Coinglass shows that more than $130 million worth of long positions have been wiped out from the Dogecoin market between June 1 and June 29.
Dogecoin’s open interest has also dropped from $1.7 billion in May 2026 to $960 billion in June 2026, suggesting that most traders who have been flushed out through liquidations are not opening new positions.
Dogecoin Open Interest Kalshi also launched Dogecoin perpetual futures on June 24, and data from the platform shows that there is very little demand for the products.
The DOGE perpetuals have seen $150,000 in volumes per Kalshi data, which is even lower than SHIB’s volumes of $791 million.
This flush and the falling perpetual volumes create room for Dogecoin price to recover because it reduces the amount of DOGE that long buyers sell whenever DOGE drops.
The Midnight Foundation has temporarily suspended redemptions for its Glacier Drop token distribution program.
The decision follows reports of a security breach involving EMURGO’s neo-financial platform, SecondFi. According to the Midnight Foundation, the suspension serves as a precautionary measure designed to protect users while investigations continue and additional safeguards are introduced.
Rationale Behind the Suspension In the latest update, the Midnight team clarified that the reported security issue does not involve its own infrastructure, products, or services. However, the incident impacts certain wallets connected to SecondFi, a wallet used by some Glacier Drop participants.
Consequently, the Midnight Foundation decided to pause all Glacier Drop redemptions to minimize potential risks to users. While acknowledging that the temporary halt also affects users who were not impacted by the breach, the foundation emphasized that suspending redemptions remains the safest course of action for the broader community.
Meanwhile, the team stated that it intends to resume redemptions once it determines that conditions are safe enough to proceed.
SecondFi Hack Drained More Than 16 Million ADA The development comes roughly a week after SecondFi, formerly known as Yoroi Wallet, suffered a sophisticated attack that drained more than 16 million Cardano coins (ADA) from 374 addresses.
Following an internal investigation, SecondFi traced the root cause of the exploit to an address-level vulnerability. According to the company, the affected software signer contained a deterministic nonce derivation flaw. Each time an address signed a transaction, the flaw leaked enough information for attackers to mathematically reconstruct the address’s private key using publicly available blockchain data.
As a result, SecondFi advised affected users not to transfer assets to other platforms or import their recovery phrases into alternative Cardano wallets until the recovery process is completed.
Glacier Drop Redemption Schedule Faces Temporary Interruption Against this backdrop, Midnight has taken precautionary steps to halt Glacier Drop redemptions.
Although the Glacier Drop officially launched on August 5, 2025, Midnight adopted a phased redemption structure in which distributed tokens gradually thaw and become redeemable in four equal quarterly installments of 25% each.
The first redemption window ran from December 10, 2025, to March 9, 2026. The second redemption phase followed from March 10, 2026, to June 7, 2026.
The program is currently in its third thaw period, which began on June 8, 2026, and is scheduled to continue until September 5, 2026. The final redemption phase will commence on September 6, 2026, and conclude on December 4, 2026.
For now, Midnight confirmed that the suspension will remain in place until the SecondFi security incident is fully resolved and sufficient safeguards have been implemented.
Midnight Redemption SecondFi Launches Recovery Process In the meantime, the SecondFi team has initiated a recovery plan with an estimated two-week timeline.
As part of the process, the engineering team plans to release a mechanism early next week that will allow users to determine whether their wallets were affected by the exploit. The company also intends to introduce a secure migration procedure that will enable users to safely move their assets out of the platform.
Until these recovery tools become available, SecondFi continues to urge users not to take any action with their wallets or funds.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Cardano (ADA) has come under scrutiny as its price continues to fall, dropping below the $0.15 mark.
The decline has drawn criticism from market commentators, who argue that the token has become another example of the boom-and-bust cycles that have affected many altcoins since the 2021 bull market.
Cardano Drops to Multi-Year Lows Bitcoin author Duo Nine shared a long-term monthly ADA chart on X showing Cardano falling from its 2021 peak above $3 to around $0.14 in late June 2026.
The post carried the caption: “This is the Cardano chart. Now under 15 cents. RIP holders.”
The chart highlighted a familiar pattern. Massive price rallies during the bull market were followed by extended declines, while rebounds in 2024 and 2025 failed to produce a lasting recovery.
ADA currently trades at $0.1439. It is down 40% over the past month and 74% over the past year. The token has now fallen about 95.36% from its 2021 all-time high of roughly $3.10.
The decline has also hurt Cardano’s position in the crypto rankings. ADA was once among the top 10 cryptocurrencies by market capitalization and remained there until just a few months ago. It has now fallen to 18th place.
Many Altcoins Follow the Same Pattern Analyst Ted Pillows also weighed in, sharing a video comparing the monthly and weekly charts of Cardano, Polygon, Decentraland, The Sandbox, Gala, and Filecoin. The caption simply asked:
“Did we learn our lesson?”
The charts showed a similar pattern across many former market favorites. Prices surged during the last bull market before entering steep, multi-year declines.
Ted Pillows suggested that this recurring cycle highlights the risks of chasing speculative altcoins during periods of market euphoria. He contrasted their long-term performance with relatively stronger assets such as Bitcoin.
Former Market Leaders Remain More Than 95% Below Their Peaks Polygon (MATIC), once considered one of Ethereum’s leading scaling solutions, now trades around $0.07166. It is down 22% over the past month and 60% over the past year. The token also remains about 95% below its 2021 all-time high of roughly $1.29.
The metaverse sector has performed even worse.
Decentraland (MANA) trades near $0.06369. It has lost 26% over the past month and 75% over the past year. The token is now about 99% below its 2021 peak of nearly $5.90.
MANA Chart CoinMarketCap The Sandbox (SAND) has fallen 33% over the past month and 81% over the past year. It now trades roughly 99.45% below its all-time high of $8.44.
Gaming token Gala (GALA) has also extended its long decline. At $0.002273, it is down 27% over the past month and 84% over the past year. The token now sits about 99.73% below its record high of $0.8367.
Meanwhile, Filecoin (FIL) trades around $0.7168. It has dropped 27% over the past month and 69% over the past year. FIL remains roughly 99.7% below its all-time high of about $237.
Overall, the altcoins that dominated the 2021 bull market appear to have permanently lost much of their momentum.
Bitcoin Holds Up Better Than Most Altcoins Bitcoin has not escaped the market downturn. It currently trades around $59,823, down 18.5% over the past month and 45% over the past year. It also remains about 52.63% below its all-time high of $126,198, reached last year.
Even so, Bitcoin has significantly outperformed many former leading altcoins, most of which remain down between 95% and 99% from their peaks.
That contrast has reinforced the view among many in the crypto community that Bitcoin is the only worthwhile long-term investment, while most altcoins ultimately trend toward zero.
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.
