US spot Solana ($SOL) ETFs have delivered a remarkably consistent performance since hitting the market, recording positive net inflows every single month since launch. June 2026, however, looks set to test that record.
The products are currently sitting at negative $5.8 million in net flows for June, with only two trading days remaining in the month to reverse the deficit.
A strong start since October 2025 The first US spot Solana ETFs debuted in late October 2025, with Bitwise's Solana Staking ETF (BSOL) launching on the New York Stock Exchange on October 28. This was closely followed by the conversion of the Grayscale Solana Trust (GSOL) from a trust product into a Solana ETF.
Unlike Bitcoin and Ethereum ETFs, Solana ETFs launched with staking built in, offering investors on-chain yield alongside price exposure. Bitwise targets average staking rewards of over 7% for BSOL holders.
The spot Solana ETF products accumulated approximately $1.45 billion in total cumulative inflows since launch. Despite experiencing negative price action over several months, Solana ETFs maintained positive net inflows, a trend that ran counter to conventional expectations of risk-on and risk-off behavior in crypto markets.
June brings the first real test Spot Solana ETFs saw $3.94 million in net outflows on June 26 alone, indicating investor hesitation. That single-day figure has compounded into a monthly deficit that now stands at $5.8 million, leaving the products on track for their first negative month since inception.
Bitcoin ETFs are net-negative year-to-date, and Ethereum has bled harder, but XRP and Solana ETFs have marked the rotation story of 2026. That context makes a potential first negative month for $SOL ETFs more notable. Whether June closes in the red will come down to whether buyers return in force over the remaining sessions.
DL News: US Solana spot ETFs seen to hit $5bn in inflows
Bitwise: Bitwise Launches BSOL, First Spot Solana ETP in US
SpotedCrypto: Crypto ETF Flows June 2026
SOL reclaimed the $72 level after a technical rebound. DefiLlama-linked data shows softer TVL and DEX volume trends on Solana. The article focuses on divergence between price action and underlying network activity. Price Recovery Versus Weaker Defi Activity: Why This Story Matters Solana SOL Reclaims $72, But Fading On-Chain Metrics Signal Weakening DEX Momentum has become one of the stronger weekend crypto stories because it sits at the intersection of price action, market structure, and the kind of narrative that traders tend to follow closely when the broader news cycle slows down.
The key point is not simply that sOL reclaimed the $72 area. It is that the development gives the market a fresh way to judge whether the current crypto environment is being driven by genuine network adoption, regulatory progress, liquidity shifts, or short-term speculation.
The Main Details According to available market and on-chain data, SOL reclaimed the $72 area. The report also notes that on-chain data shows declining TVL and DEX transaction volumes.
That distinction matters because crypto markets often move first on headlines and only later separate durable developments from short-lived momentum. In this case, the verified boundaries are especially important: Do not say a breakdown is imminent.
Market Context For traders, the story arrives at a moment when crypto assets are still trying to define a clearer direction. Bitcoin remains the anchor for broader sentiment, but altcoin narratives are increasingly being judged on their own fundamentals, including usage, liquidity, compliance, treasury activity, and developer progress.
That makes this development relevant beyond a single token or company. If the underlying trend proves durable, it could help shape how investors evaluate Solana, SOL, DeFiLlama, DEX, TVL over the coming weeks. If it fades, however, it may become another example of a strong weekend narrative that struggled to translate into sustained market follow-through.
What To Watch Next The next important question is whether the market receives further confirmation from primary sources, dashboards, official announcements, or on-chain data. Follow-up disclosures, exchange data, governance updates, or wallet activity could all help clarify whether this is an isolated headline or the start of a broader theme.
Readers should also watch whether liquidity responds. In crypto, even fundamentally meaningful developments can fail to move prices if traders remain defensive, leverage is being unwound, or capital is rotating into other sectors. That is why this story should be read alongside broader market structure rather than in isolation.
This report is based on information from DefiLlama.
This article was written by the News Desk and edited by Samuel Rae.
The refusal of Binance’s MiCA license in Greece shakes the European crypto market. As the world’s largest platform sees its access to the EU restricted, regulatory tensions rapidly intensify. Behind this decision, a larger power struggle pits institutions against crypto players, against the backdrop of European monetary transformation in a context of accelerating the digital euro and European financial control. Does the Binance case mark a turning point for the European financial system?
In Brief Greece refuses Binance’s MiCA license, illustrating the tightening of access to the European crypto-asset market. Binance confirms the failure of its application, amid growing restrictions on its activities in Europe. Suspicions of political pressure arise, although no official involvement of the ECB has been demonstrated. Stablecoins and the digital euro emerge as major strategic issues for European authorities. The Binance case symbolizes the strengthening of European institutions’ control over digital finance. Binance Facing MiCA: A License Refusal Marking a Turning Point for Access to the European Market The refusal of Binance’s MiCA license in Greece stands as one of the most important events under the new European regulatory framework applied to cryptocurrencies. The platform, still the largest in the world with over 300 million users, aimed to obtain a regulatory passport allowing it to operate freely throughout the European Union.
Binance confirmed the failure of this procedure amid already tense circumstances marked by a message to its European users announcing the gradual suspension of certain activities on the continent. This internal communication reinforced the idea of a real regulatory turning point for the platform, forced to review its strategy facing MiCA’s requirements.
Binance informs its clients of the progressive restriction of its services starting July 1, 2026, while confirming that crypto-asset withdrawals will remain accessible. With this new framework, Europe intends to uniformly regulate crypto players, but in practice, it also becomes an extremely selective access filter for international platforms.
This refusal is not just about a simple administrative authorization. It highlights a structural evolution of the European market, where entry conditions are becoming increasingly strict for non-bank players and large global crypto platforms.
For Binance, this blockage occurs in a context where demand for crypto services remains high in Europe, but regulatory requirements are strongly tightening. The company thus finds itself in an environment where access to the European market now depends on full compliance with standards imposed by European institutions.
This first regulatory shock lays the foundation for the debate surrounding the Binance case today: an issue that goes far beyond a simple license and touches on the very place of crypto infrastructures in the European financial system.
The ECB Behind Binance’s Refusal? Suspicions Grow Around a Financial Control Strategy The refusal of Binance’s MiCA license in Greece continues to raise questions about the behind-the-scenes of this decision. According to information published by The Big Whale media, the crypto platform’s file was technically finalized before a turnaround occurred in the last stages of the regulatory process.
According to sources cited by the media, the Greek Capital Market Commission (HCMC) deemed Binance’s application complete and compliant with regulatory requirements. The officer in charge of anti-money laundering within the Greek regulator also maintained a favorable opinion regarding obtaining the license.
The forty-day review period provided by the MiCA regulation also expired on June 4 without any European objection. Binance had even anticipated a positive outcome by filing passporting notifications with the HCMC to prepare its expanded access to the European market.
The file thus seemed close to completion. The president of the DFSC, the coordinating body within the European Securities and Markets Authority (ESMA), reportedly indicated during a phone call on June 2 that it was the “last call” regarding the Binance procedure.
The situation reportedly changed between June 7 and 15. The shift in position came after political pressure attributed to the European Central Bank. Christine Lagarde, ECB president, apparently told Greek Prime Minister Kyriakos Mitsotakis during a meeting held in May that Binance was not considered a desirable player for Europe.
The Greek finance minister, also president of the Eurogroup and favorable to granting the license, ultimately failed to convince the prime minister to continue the process. The national political context, with the possibility of early elections before the end of the year, also reportedly pushed Kyriakos Mitsotakis to avoid a direct confrontation with the ECB.
These revelations now fuel criticism from part of the crypto industry, which believes the Binance file goes beyond the regulatory issue and reveals a broader desire to control the evolution of the European digital financial sector.
Binance and Stablecoins: A Battle for Control of European Financial Infrastructures At the heart of questions lies the issue of stablecoins. According to sources cited by The Big Whale, the stance attributed to Christine Lagarde, long known for her criticisms of stablecoins and Bitcoin, is mainly related to Binance’s strategic role in this ecosystem.
As the world’s leading exchange platform, Binance also represents one of the main liquidity channels for stablecoins in Europe. A dominant position that could compete with the vision promoted by the ECB around the digital euro.
This situation appears paradoxical to some industry observers. Binance, primarily an exchange platform and distribution infrastructure, could theoretically contribute to the development of new digital financial uses, including around a future European digital currency.
“It’s paradoxical because Binance is an exchange platform, a distribution channel. It could quite support the digital euro project,” a source cited by The Big Whale reportedly explained.
This source also reportedly drew a parallel with the case of Revolut, which faced obstacles in the European Union due to concerns about its internal control mechanisms. According to this analysis, European institutions’ worry concerns less the existence of new financial actors than their ability to reach a sufficiently large size to compete with traditional structures.
“The concern is about the size of new entrants; Christine Lagarde would prefer traditional banks to manage the flows,” this source added.
This vision is also legally contested. An expert cited by The Big Whale believes that any political interference in a MiCA process would be a major problem, recalling that the ECB officially has no direct competence over crypto license granting.
“This is political interference in a process under the exclusive competence of an independent regulator,” this expert reportedly said. “The ECB has no authority over MiCA licenses.”
Although no direct intervention by the ECB has been officially demonstrated, the Binance case fuels a broader debate about Europe’s financial future. For its critics, the regulatory tightening against large crypto platforms occurs at the very moment the ECB is developing a public digital alternative with the digital euro.
“And It is adopted, digital euro is adopted, this is a historic day for Europe” These are the words with which Aurore Lalucq, chair of the European Parliament’s Committee on Economic and Monetary Affairs, announced the official adoption of the digital euro project.
This timing does not go unnoticed. At a time when this declaration marks a major political acceleration around European digital currency, Binance, the world’s largest crypto platform with over 300 million users, finds itself blocked in Europe with the refusal of its MiCA license in Greece.
It is hard to see here a simple coincidence of timing. On one side, Europe pushes a digital monetary infrastructure entirely controlled by public institutions. On the other, it slows the expansion of a global private actor that has structured a large part of global crypto liquidity.
The digital euro is not a neutral evolution of payments. It is a profound transformation of the European financial architecture, harboring an unprecedented extreme control mechanism aimed at preserving a completely dysfunctional economic system rejected by citizens.
Binance, conversely, represents a parallel finance already functional on a global scale. An infrastructure independent of traditional banks, organizing crypto exchanges on a very large scale, largely escaping classical financial circuits.
It is precisely here that the case becomes strategic. The refusal of the MiCA license no longer looks like a simple regulatory decision. It fits into a larger dynamic where access to the European market is increasingly conditioned on integration into the institutional framework.
And What Next? We are clearly changing worlds.
The ECB and European institutions are very aware of what is happening: the European population is progressively turning away from the traditional financial system. Bitcoin is no longer a marginal asset. Cryptos are no longer a “speculative bet.” They have become a parallel infrastructure used by millions of users to store, transfer, and protect value outside the classical banking system.
And these figures are already known internally. Central banks and financial institutions closely monitor crypto-asset adoption, the explosion of Bitcoin wallets, and the rise of stablecoins as an alternative payment method. They know exactly that usage is not slowing down — it is accelerating.
It is in this context that everything aligns.
On one side, Binance — the world’s largest crypto platform, with over 300 million users — finds itself blocked in Europe with the refusal of its MiCA license. On the other, the ECB is pushing its digital euro at full speed, a programmable, centralized currency fully controlled by the institution.
This is not a simple coincidence of timing. It is a reaction.
A reaction to a simple reality: decentralized finance is gaining ground. Bitcoin becomes a global store of value. Stablecoins already dominate part of on-chain flows. Platforms like Binance have become critical infrastructures of global finance, outside the traditional banking system.
And facing this, the European response is clear: take back control.
MiCA is not only for “regulating.” It also serves to filter who can access the European financial system. And in practice, actors that are too big, too global, or too independent become potential systemic problems for institutions.
The result is brutal: while crypto adoption explodes among individuals and investors, institutions tighten access, harden rules, and accelerate their own centralized alternatives.
This is exactly where the clash becomes obvious. On one side, an open, global, borderless finance, driven by Bitcoin, cryptos, and platforms like Binance. On the other hand, European institutional finance is progressively closing in around the ECB and the digital euro. And the more crypto adoption continues to rise, the more regulatory pressure increases. What we observe today is not a simple regulatory adjustment. It is a control shift over the very architecture of European finance.
Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Join the program
A
A
Lien copié
Ghiles A.
Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.
Injective [INJ] posted a 13.68% recovery over the past 24 hours as buyers returned after defending a crucial support area near $4.19.
The rebound lifted Injective to around $4.89 and pushed its market capitalization to $489.67 million despite a slight decline in trading volume.
Trading activity reached $145.85 million, down 1.16% over the same period. Even so, the recovery encouraged traders to reassess the recent downtrend after INJ produced a strong bounce from its latest lows.
Why are top traders still betting against INJ? Price recovered strongly, yet Binance’s top traders maintained a bearish stance throughout the rally. Long accounts represented just 41.09%, while 58.91% of accounts remained short, producing a Long/Short Ratio of 0.70.
The imbalance suggested many experienced traders expected the recovery to lose strength despite the double-digit gain.
Despite that, the continued short positioning also increased the possibility of additional buying pressure if the price continued higher. A sustained move beyond nearby resistance could have forced bearish traders to close positions, adding fuel to the advance.
Until that happens, however, the market continues to reflect caution rather than broad bullish conviction among leveraged participants.
Source: CoinGlass Buyers returned, but sellers still controlled order flow Derivatives data presented a mixed picture despite the strong recovery.
The Futures Volume Bubble Map entered an overheating phase, showing trading activity accelerated rapidly as price rebounded from support.
Rising participation often reflects stronger interest from both buyers and sellers rather than directional certainty. However, the Futures Taker CVD remained seller dominant, indicating market sell orders continued to outweigh aggressive buying activity during the recent recovery.
Now, the rally depends heavily on sustained Spot demand to overcome persistent selling pressure before another leg higher can develop.
Source: CryptoQuant Can buyers reclaim the $5 barrier? INJ rebounded sharply after defending the $4.19 support level and climbed toward the psychological $5.00 resistance.
The daily chart showed buyers regained control after several sessions of decline, although price still traded beneath the previous swing highs around $5.68 and $7.00.
Meanwhile, the Relative Strength Index recovered to 46.67 after recently approaching oversold territory, showing bearish pressure eased considerably without entering bullish territory.
The RSI moving average stood near 44.92, reinforcing the improving structure as buying interest returned. If buyers maintain the current recovery and reclaim $5, the next upside objective could emerge around $5.68.
Failure to secure that level could encourage another retest of $4.19 before a stronger recovery develop.
Source: TradingView Will Injective reach $7 next? INJ recovered convincingly from an important support zone, although several signals still reflected cautious market sentiment.
Top traders continued favoring short positions, while taker activity remained seller-dominant despite the rebound.
If buyers reclaim $5 with sustained demand, the price could extend toward $5.68 before challenging $7.00.
Final Summary INJ recovered strongly from key support, yet bearish trader positioning continued limiting confidence. A break above $5 could strengthen the recovery, while rejection may revive selling pressure.
Digital collectibles on Telegram seems to be in trend. Today, Telegram founder Pavel Durov recently purchased Plush Pepe for 7,500 GRAM on The Open Network before transferring the NFT to Adler Toberg, a designer closely associated with Telegram’s interface and gift ecosystem.
The move immediately caught attention across the TON community, not because of the price tag alone, but because it marks Durov’s third confirmed purchase of a TON collectible in just over six months.
Durov Keeps Returning To TON CollectiblesHis first known collectible purchase arrived in December 2025 with another Plush Pepe acquisition. A month later, he added a Telegram Gift NFT to the collection.
Three purchases in half a year may not sound dramatic in crypto terms. Yet for Telegram’s founder, the pattern suggests something more deliberate than occasional experimentation.
The message is subtle but difficult to ignore: Telegram’s collectible ecosystem appears to have personal engagement from the very top.
TON Infrastructure Keeps Moving FasterThe purchases also arrive as TON development accelerates rapidly. A recent protocol upgrade reportedly made the network ten times faster, pushing transaction finality into sub-second territory. Meanwhile, projects such as GOAT Gaming’s Underground Pepe have expanded Plush Pepes beyond collectibles and into active gaming assets with their own rewards economy.
Secondary market demand has followed closely behind. A Telegram username NFT recently changed hands for 500,000 USDT, highlighting growing interest in assets tied directly to Telegram’s ecosystem.
The story took another turn when Durov transferred Plush Pepe to Adler Toberg. Interestingly, the TON community had joked that the NFT would eventually end up with a Telegram employee as a workplace bonus. The joke landed surprisingly close to reality.
Within Telegram’s growing digital economy, collectibles increasingly appear to function as social currency, community markers, and signals of contribution.
For now, Plush Pepe may simply be another NFT transfer. But inside Telegram’s ecosystem, these assets are beginning to carry meaning far beyond ownership alone.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Data: Morgan Stanley's total Bitcoin holdings exceed 4,700 BTC
PANews June 27 news, according to Arkham monitoring data, Morgan Stanley once again "bought the dip," increasing its holdings by a total of 143.312 BTC through its spot Bitcoin exchange-traded fund MSBT, valued at $8.54 million. As of now, its total Bitcoin holdings have reached 4,784 BTC, worth approximately $293 million.
Share to:
Author: PA一线
This content is for market information only and is not investment advice.
Follow PANews official accounts, navigate bull and bear markets together
According to data from the official @kaspaunchained explorer, Kaspa's Layer 1 blockchain has now processed roughly 2,347,000,000 transactions, placing it among the highest cumulative transaction counts of any major network. The figure represents a dramatic leap in activity for a proof-of-work chain that only launched in November 2021.
Built for Speed on a Proof-of-Work Foundation Kaspa's transaction throughput is underpinned by its blockDAG architecture, which uses the GHOSTDAG consensus protocol to allow parallel block creation rather than the single-block linear approach used by Bitcoin and Ethereum. Following the Crescendo hardfork earlier in 2025, Kaspa's block rate increased from one block per second to ten blocks per second, drastically boosting throughput. Since that upgrade, the network has operated at a steady 10 blocks per second, delivering 100-millisecond block times and sub-7-second finality.
The numbers behind that architecture are hard to ignore. On October 2, 2025, Kaspa set a new world record for proof-of-work throughput by reaching 5,584 transactions per second under real network conditions, surpassing its own previous record of 4,757 TPS achieved just days earlier. These figures were recorded on Kaspa's live mainnet under genuine transaction load, not testnet simulations. On October 5, 2025, the network processed 158,441,966 transactions within a single 24-hour window.
The Valuation Question: $770M Market Cap vs. 2.35 Billion Transactions Kaspa currently holds a live market cap of approximately $770 million, with a circulating supply of around 27.5 billion KAS coins out of a maximum supply of 28.7 billion. That places $KAS in a middle tier of Layer 1 assets by market value, despite its outsized on-chain activity relative to peers.
The supply picture is a key part of the valuation debate. Approximately 95.4% of Kaspa's 28.7 billion maximum supply is already in circulation, with emissions nearing zero by end-2026. New selling pressure primarily comes from miners selling rewards, not token unlocks. That dynamic could reduce dilution risk over time, but it also means the network must attract fresh demand to sustain price levels.
On the protocol side, a significant catalyst is imminent. The upcoming Toccata hard fork marks Kaspa's shift from a payments chain to a programmable Layer 1, introducing native KRC-20 token issuance, covenant programming via the SilverScript compiler, and zero-knowledge verification opcodes. The upgrade is seen as bullish for $KAS because it enables decentralized finance, NFTs, and complex applications to settle directly on Kaspa's secure base layer, potentially driving developer adoption and new utility.
Whether 2.35 billion transactions and an imminent programmability upgrade justify, or undervalue, a $770 million market cap is a question the market is still working through. The on-chain fundamentals are difficult to dismiss. The price action, for now, tells a more cautious story.
SUI Group expanded its lending arrangement with Bluefin by an additional 4 million SUI. The deal brings the outstanding loan to 6 million SUI and matures in September 2028. SUI Group’s revenue share rises to 11%, payable in SUI tokens. Public-Company Links To Defi Liquidity: Why This Story Matters Sui DeFi Receives Boost as SUI Group Lends Additional 4M SUI to Bluefin has become one of the stronger weekend crypto stories because it sits at the intersection of price action, market structure, and the kind of narrative that traders tend to follow closely when the broader news cycle slows down.
The key point is not simply that sUI Group lent an additional 4 million SUI to Bluefin. It is that the development gives the market a fresh way to judge whether the current crypto environment is being driven by genuine network adoption, regulatory progress, liquidity shifts, or short-term speculation.
The Main Details According to the official source material, Sui Group lent an additional 4 million SUI to Bluefin. The report also notes that the total outstanding loan is 6 million SUI.
That distinction matters because crypto markets often move first on headlines and only later separate durable developments from short-lived momentum. In this case, the verified boundaries are especially important: Do not confuse SUI Group with Mysten Labs or Sui Foundation.
Market Context For traders, the story arrives at a moment when crypto assets are still trying to define a clearer direction. Bitcoin remains the anchor for broader sentiment, but altcoin narratives are increasingly being judged on their own fundamentals, including usage, liquidity, compliance, treasury activity, and developer progress.
That makes this development relevant beyond a single token or company. If the underlying trend proves durable, it could help shape how investors evaluate Sui, SUI, Bluefin, DeFi, Liquidity over the coming weeks. If it fades, however, it may become another example of a strong weekend narrative that struggled to translate into sustained market follow-through.
What To Watch Next The next important question is whether the market receives further confirmation from primary sources, dashboards, official announcements, or on-chain data. Follow-up disclosures, exchange data, governance updates, or wallet activity could all help clarify whether this is an isolated headline or the start of a broader theme.
Readers should also watch whether liquidity responds. In crypto, even fundamentally meaningful developments can fail to move prices if traders remain defensive, leverage is being unwound, or capital is rotating into other sectors. That is why this story should be read alongside broader market structure rather than in isolation.
This report is based on information from Sui network data and Mysten Labs documentation.
This article was written by the News Desk and edited by Samuel Rae.
In a crucial Group L match of the 2026 FIFA World Cup, Petar Sučić scored the opening goal for Croatia against Ghana in the 31st minute. The match, held at Lincoln Financial Field in Philadelphia, has significant implications for both teams’ prospects of advancing to the next stage. With this goal, Croatia leads 1-0, altering the dynamics of the game’s prediction markets. Both teams are vying for a spot in the Round of 32, with Croatia currently sitting at 3 points and Ghana at 4 points in the group standings. Sučić, known for his impressive physical performance, continues to be a pivotal figure in Croatia’s midfield strategy.
Advertisement
Key Takeaways Croatia’s current 1-0 lead appears to decrease the likelihood of a 0-0 final score, resolving some prediction markets to NO for that outcome. Sučić’s goal suggests potential changes in market pricing for scenarios involving Croatia’s advancement in the World Cup. The match’s outcome remains crucial for determining both teams’ chances of advancing in the tournament. What to Watch Observers will be keenly watching for any further scoring that could impact the prediction markets for the exact score. The match result will influence Croatia’s and Ghana’s positions in Group L and their potential advancement to the Round of 32. Further goals by either team could reshape market expectations and participant confidence in various outcome scenarios.
Get prediction market intelligence as a structured API feed. Early access waitlist.
Fifwc Hrv Gha 2026 06 27 Exact Score
Contract Odds Δ since publish Volume 24h June 27 1% — — View market → World Cup Group L Winner
In This Article What Kalshi Actually Is and Why the Structure MattersThe Growth Numbers and the World Cup CatalystBull Case, Base Case, Bear Case on the Valuation Kalshi is in talks to raise fresh capital at a $40Bn valuation, according to a Financial Times report, nearly double the $22Bn price tag attached to its Series F round just weeks earlier in May 2026.
That $40Bn figure is nearly triple the $15Bn that rival Polymarket is reportedly targeting. The central tension this story forces onto the table is that a valuation that has moved roughly 20x in twelve months deserves more scrutiny than a funding press release typically gets.
The ongoing regulatory scrutiny of prediction markets is dominating the discussion around the Kalshi IPO, and until the situation is resolved, it is unlikely to become a publicly traded company.
What Kalshi Actually Is and Why the Structure Matters Kalshi is not a crypto exchange or a sportsbook. It is a federally regulated event-contracts exchange, operating under the oversight of the US Commodity Futures Trading Commission.
Think of it as a stock exchange, except instead of shares in Apple, users trade binary contracts on the probability of real-world outcomes: whether the Federal Reserve raises rates, which party wins a Senate seat, or who advances in a tournament bracket.
That CFTC license is the structural asset that separates Kalshi from Polymarket, which runs on blockchain infrastructure, settles positions in cryptocurrency, and operates without US regulatory approval.
Polymarket is faster and more internationally accessible, but it cannot credibly pitch itself to institutional allocators who require regulated counterparties. That credibility gap is the direct cause of the $25Bn spread between the two companies’ current fundraising targets.
Co-founders Tarek Mansour, a former trader at Citadel Securities, and Luana Lopes Lara, a quantitative finance specialist and MIT classmate, launched Kalshi in 2018 and built the company around precisely this regulatory positioning.
On June 24, Mansour confirmed on CNBC that Kalshi is evaluating a potential IPO, though he said a public listing is unlikely before 2027. IPO speculation around Kalshi has been circulating since earlier this year, but this was the first on-record confirmation from the CEO.
⚡️ @Kalshi is negotiating a funding round at ~$40bn, per the FT, nearly double the $22bn valuation it secured in May.
CEO Tarek Mansour also said an IPO conversation at the company's scale is inevitable, though he ruled out a debut this year.
— Sandmark (@sandmark_news) June 25, 2026
DISCOVER: Best Meme Coin ICOs to Invest in 2026
The Growth Numbers and the World Cup Catalyst Monthly trading volume on Kalshi’s platform recently surpassed $17Bn, up from roughly $5Bn a year earlier, a more-than-threefold increase in twelve months.
Bernstein Research puts Kalshi’s May 2026 monthly volume at $17.9Bn, versus Polymarket’s $7.1Bn, giving Kalshi a 57% market share versus Polymarket’s 22.7%. On an annualized basis, Kalshi’s trading volume reached approximately $178Bn by April 2026.
The World Cup 2026 is a meaningful near-term accelerant. DeFi Rate estimates Americans will trade more than $2.5Bn across prediction markets on the 2026 FIFA World Cup, with $1.47Bn on Kalshi alone under the base-case scenario.
Bernstein has called the tournament a “watershed moment” for the sector. That kind of volume event helps justify momentum-based fundraising conversations, but it also concentrates near-term revenue into a window that ends when the final whistle blows.
Polymarket’s World Cup markets have drawn scrutiny over integrity and liquidity, a dynamic that further sharpens Kalshi’s regulatory differentiation argument.
The May 2026 Series F, a $1Bn round that drew Coatue Management, Sequoia Capital, Andreessen Horowitz, Morgan Stanley, and ARK Invest, valued the company at $22Bn. The current $40Bn target, if it closes in Q3 2026 as reported, would represent a near-doubling in a matter of weeks.
At roughly $2Bn in annualized revenue, that $40Bn figure implies approximately a 20x revenue multiple, a level that Finimize has noted: “prices it more like exchange infrastructure than a consumer app.”
(SOURCE: Kalshi)
EXCLUSIVE: Earn $10 USDC Via Binance Sign-Up
Bull Case, Base Case, Bear Case on the Valuation Bull case: The Supreme Court upholds CFTC pre-emption, Kalshi’s sports contracts survive intact, World Cup 2026 volume pushes monthly figures above $20 billion, and the company executes an IPO at exchange-infrastructure multiples that dwarf the $40Bn private price. The Polymarket gap widens further as institutional capital consolidates around the regulated venue.
Base case: Legal battles drag into 2027 without a definitive ruling, volume moderates post-World Cup, and Kalshi closes the round at or near $40Bn on the strength of its regulatory moat and long-term IPO narrative, but operates in a grey zone where state-level enforcement remains a live risk.
Bear case: A federal court ruling narrows CFTC pre-emption, forcing Kalshi to restrict or restructure sports contracts. Monthly volume drops sharply from its World Cup peak, annualized revenue falls well below $2Bn, and the 20x revenue multiple looks like a venture bet that mis-priced the regulatory outcome.
EXPLORE: Best Crypto Presales With Asymmetric Upside in the Current Market
#Altcoin News Today
Why you can trust 99Bitcoins
10+ Years
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
90hr+
Weekly Research
100k+
Monthly readers
50+
Expert contributors
2000+
Crypto Projects Reviewed
Follow 99Bitcoins on your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now
Alex Ioannou
On-Chain Journalist
Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More
Cathie Wood, a well-known figure in the cryptocurrency market, argued that Bitcoin, which has been falling, could rebound.
ARK Invest CEO Cathie Wood said that in an environment of increasing global geopolitical and monetary uncertainty, capital outflows from some countries could create a new bullish dynamic for Bitcoin and other digital assets.
Wood, in his assessment on the X platform, stated that artificial intelligence is currently one of the main elements of technological transformation and is attracting significant market interest. However, according to Wood, the AI sector cannot replace the fundamental role played by digital assets in the global macroeconomic environment.
Cathie Wood stated that digital assets, particularly Bitcoin, occupy a unique position in terms of their function as wealth preservation and “insurance tools.” According to Wood, while the artificial intelligence theme attracts some market liquidity, it does not eliminate the long-term investment value of digital assets.
Wood stated that with the persistence of macroeconomic uncertainties, investors’ need to protect their assets and diversify across borders has increased. He noted that this trend could strengthen demand for digital assets, particularly Bitcoin, over time.
According to the CEO of ARK Invest, under unstable geopolitical and monetary conditions, capital’s shift towards safe, portable, and globally accessible alternative assets could be a significant long-term support factor for the digital asset market.
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
ARK Invest, led by Cathie Wood, took swift action in the crypto-linked stock market on June 26, ramping up its investments in the wake of notable declines. The most significant purchase targeted Coinbase, with ARK’s ARKK, ARKW, and ARKF funds acquiring a total of 68,366 shares. This buy is valued at approximately $10.19 million, based on Coinbase’s closing price of $149.06 per share.
In addition to the Coinbase acquisition, ARK Invest expanded its portfolio by purchasing Bullish and Robinhood shares on the same day. The company allocated $1.34 million for 57,511 Bullish shares and $1.21 million for 12,269 Robinhood shares. These moves came on the heels of recent pullbacks in stocks tied to the broader crypto sector.
The numbers reveal the volatility: On Thursday, Coinbase shares slid by 5.06 percent, Circle fell by 3.06 percent, and Robinhood recorded a loss of 3.83 percent. Bullish experienced the steepest drop, tumbling 6.77 percent. In the aftermath of these dips, ARK Invest’s aggressive purchases underscore its commitment to leveraging market weakness.
CompanyDaily changeARK transactionCoinbase5.06% drop68,366 shares, $10.19 millionBullish6.77% drop57,511 shares, $1.34 millionRobinhood3.83% drop12,269 shares, $1.21 millionARK Invest emphasizes that it adheres strictly to portfolio limitations, ensuring no position exceeds 10 percent of any fund.
Investment surge continues through the weekThese latest trades are a continuation of ARK Invest’s investment momentum earlier this week. Notably, the firm recently purchased an additional 111,799 Coinbase shares, a transaction worth close to $18 million.
Expanding beyond crypto, ARK Invest also increased its holding in SpaceX. The acquisition—210,121 SpaceX shares valued at roughly $32.5 million—was executed through ARK’s ETFs. SpaceX is widely recognized as Elon Musk’s privately held venture devoted to space and satellite technology.
All eyes on inflation and Federal Reserve policyCathie Wood has been sounding the alarm about mounting inflationary pressures. In a recent post on X, she remarked that her meetings in Asia and Europe suggest inflation expectations remain persistent. Her outlook comes as some investors brace for a potentially tougher policy stance from the US Federal Reserve.
Cathie Wood noted that her conversations in Asia and Europe point toward expectations that inflation could linger for longer.
Given ARK Invest’s fund-driven position limits, the firm’s portfolio composition is subject to realignment based on market movements. As turbulence continues across crypto-linked shares, further buying opportunities may emerge, keeping ARK’s next moves on investors’ radars.
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.
Key Takeaways SNDK shares plummeted approximately 9.5% on Friday following Thursday’s impressive 22% rally sparked by Micron’s earnings results News of OpenAI potentially delaying its public offering until 2027 raised concerns about near-term capital expenditure for memory chip manufacturers Storage industry counterparts Western Digital and Seagate declined 14% and 10% respectively; Micron retreated 5.6% Citi’s Asiya Merchant maintained her Buy recommendation while increasing her price objective to $2,500 from $2,025 Year-to-date gains remain extraordinary at approximately 790%, with 12-month returns exceeding 4,300% Sandisk shares experienced significant volatility on Friday. Following Thursday’s exceptional 22% climb fueled by Micron’s impressive quarterly performance, SNDK relinquished a substantial portion of those advances — declining approximately 9.5% to close near $2,113 — as market participants digested two concerning developments.
Sandisk Corporation, SNDK
The initial catalyst was straightforward profit-taking activity. When a stock jumps 22% in a single session, early sellers typically emerge the following day. This behavior was largely anticipated.
The second factor proved more consequential. According to The New York Times, OpenAI is now contemplating postponing its initial public offering from 2026 to 2027. The motivation? CEO Sam Altman allegedly seeks a $1 trillion market capitalization, and financial advisors have suggested that additional time could help achieve that milestone. Proceeding with an earlier timeline risks undervaluing the company.
This development presents challenges for Sandisk. OpenAI’s latest private funding round established an $852 billion valuation and secured $122 billion in fresh capital. Market participants anticipated this capital would flow toward cloud infrastructure providers, who would subsequently allocate substantial resources toward processors and memory components for their computing facilities. A successful public offering would have generated additional investment capacity.
Delaying the IPO until 2027 effectively postpones the anticipated infrastructure spending surge.
NAND Fundamentals Remain Constructive Despite Friday’s market reaction, Wall Street analysts aren’t abandoning their positive thesis. Citi’s Asiya Merchant reaffirmed her Buy stance on SNDK while elevating her price objective to $2,500 from $2,025.
Merchant’s research highlights Micron’s quarterly results as confirmation that NAND market conditions will remain constrained throughout the coming year. Robust NAND demand coupled with sustained pricing strength continue to represent significant tailwinds for Sandisk, according to her analysis.
The broader memory semiconductor sector experienced similar weakness on Friday. Western Digital shed 14%, Seagate declined 10%, and Micron retreated 5.6%.
Analyst Sentiment Overview Among 29 research firms monitored by FactSet, Sandisk maintains an average Overweight rating. The distribution includes: 18 Buy ratings, five Overweight ratings, five Hold ratings, and only one Sell rating.
This represents overwhelmingly positive coverage.
Technical metrics indicate potential overbought conditions, though analysts appear unconcerned about valuation levels at present.
Agentic AI applications are fueling substantial demand growth. These advanced systems necessitate significant memory storage capacity, positioning Sandisk favorably within this emerging technological trend.
Despite Friday’s reversal, Sandisk maintains approximately 790% gains year-to-date. Measured across the trailing 12 months, shares have appreciated more than 4,300%.
The trading week concluded on a disappointing note — SNDK finished approximately 3.3% lower for the five-day period despite Thursday’s remarkable 22% advance.
Citi’s $2,500 price objective represents the latest Wall Street guidance on the shares.
Key Takeaways BE shares retreated dramatically from recent peak levels following an extraordinary 1,300%+ advance over the trailing year Chevron and Microsoft’s partnership for natural gas turbine-powered data centers spotlighted alternative energy solutions competing with fuel cells Department of Energy’s $17.5 billion nuclear energy investment program introduced another competing power alternative Prominent short-seller Jim Chanos warned of bubble conditions in AI energy stocks; Barclays established a $276 target matching current price levels Company insiders liquidated more than $83 million in shares net during the past year, raising red flags Bloom Energy (BE) shares plummeted by as much as 18.49% during Friday’s trading session, bottoming at $252.02 intraday. This dramatic reversal occurred just one day after the stock reached its 52-week peak. Prior to the decline, BE had been changing hands near $309.
Bloom Energy Corporation, BE
The sharp correction arrives on the heels of an extraordinary rally that propelled BE upward by more than 1,300% during the previous twelve-month period. Such explosive gains create vulnerability when market sentiment shifts.
Profit-taking emerged as an initial driver behind the wave of selling. Following such a rapid ascent, minimal negative catalysts can trigger significant reversals.
However, several concrete developments accelerated the downturn. A newly announced partnership between Chevron and Microsoft revealed plans to utilize natural gas turbines — rather than fuel cell technology — to energize an AI data center facility in Texas. This agreement clearly demonstrates that Bloom Energy faces legitimate competitive threats within the AI infrastructure sector.
Simultaneously, the U.S. Department of Energy unveiled $17.5 billion in financing designated for nuclear energy projects this week. This substantial commitment introduces yet another viable energy alternative as technology giants evaluate power solutions for their expanding data center requirements.
Prominent Bear Voices Concerns Jim Chanos, a renowned short-seller with decades of experience, openly declared that AI energy stocks have entered bubble territory. His remarks resonated particularly strongly considering BE’s valuation had already exceeded most Wall Street analyst projections.
Barclays upgraded its price objective for BE to $276 on June 23rd while maintaining an Equal Weight stance. This target essentially capped the stock right at its then-current trading range, effectively challenging the bull thesis.
Broader market conditions offered little support. Both the S&P 500 and Nasdaq finished nearly unchanged that session, confirming this was a company-specific event rather than sector-wide weakness.
Competing fuel cell manufacturers experienced similar pressure. FuelCell Energy alongside Plug Power also faced selling activity in recent trading days, suggesting investors were broadly rotating away from high-flying AI energy momentum plays.
Executive Dispositions and Holder Activity Insider dispositions have been a persistent pattern. Company executives and directors collectively offloaded over $83 million worth of BE shares on a net basis throughout the past year. Board member John T. Chambers divested 55,000 shares on May 28th at a price of $297.69 each, generating proceeds exceeding $16.3 million. Insider Shawn Marie Soderberg liquidated 35,000 shares at $279.00 on April 29th.
From an operational perspective, BE delivered impressive quarterly results most recently. The company posted earnings per share of $0.44, substantially surpassing the consensus forecast of $0.12. Quarterly revenue reached $751.05 million, dramatically exceeding analyst expectations of $539.94 million — representing 130.4% year-over-year growth.
Wesbanco Bank decreased its BE holdings by 43.9% during the first quarter, retaining 29,932 shares with an approximate value of $4.05 million.
Wall Street analysts maintain a Moderate Buy consensus rating on the stock, with an average price objective of $224.36. UBS maintains the most optimistic outlook with a $322.00 target.
BE’s upcoming earnings announcement is anticipated in late July.
Yuma, a Digital Currency Group-backed investment company, has launched a fund that gives institutional investors diversified exposure to the Bittensor ecosystem, as asset managers expand investment products tied to decentralized AI.
According to a Thursday announcement, the Yuma Total Market Fund provides exposure to Bittensor’s native TAO token and a basket of AI-focused subnets through a single investment vehicle. The strategy is intended to simplify access to the broader Bittensor ecosystem without requiring investors to select individual subnet tokens.
The fund launched with seed capital from an undisclosed anchor investor.
Bittensor is a decentralized network that supports the development of AI infrastructure and applications through specialized subnets spanning areas such as compute, marketplaces and identity. According to Yuma, the network's 128 subnets represent more than $900 million in combined value. However, data from network tracker Taostats shows a combined subnet value closer to $300 million.
TAO, the native token of the Bittensor ecosystem, has a market capitalization of nearly $2.4 billion. Source: CoinMarketCap
Institutional interest in the Bittensor ecosystem has grown alongside the network’s expanding subnet economy. In April, Grayscale increased TAO’s weighting in its Grayscale Decentralized AI Fund to 43% during the fund’s quarterly rebalance. TAO’s allocation has since fallen to about 20%, with Near Protocol's NEAR now comprising the fund’s largest holding at roughly 44%.
Asset managers are also seeking to broaden investor access to TAO. Bitwise filed for a TAO Strategy ETF with the US Securities and Exchange Commission (SEC) in April, while Grayscale submitted an amended registration statement to convert its existing Bittensor Trust into a spot TAO exchange-traded fund that would list on NYSE Arca if approved.
Grayscale Bittensor Trust (TAO) application with the SEC. Source: SEC
Anthropic restrictions renew focus on decentralized AIThe case for decentralized AI, which distributes AI infrastructure and computing across blockchain-based networks rather than relying on a single provider, gained renewed attention after the US Commerce Department suspended public access to Anthropic’s Fable 5 and Mythos 5 models over national security and export control concerns.
At the time, Grayscale head of research Zach Pandl said the restrictions underscored the risks of relying on centralized AI providers. The government order limiting access to Anthropic’s Fable 5 and Mythos 5 “highlights the risks of centralized control of AI,” Pandl said. “We expect demand for decentralized AI, like Bittensor and its TAO token, to rise as investors seek alternatives.”
The restrictions appear to be easing. The Commerce Department restored access to Mythos 5 on Friday, and Axios reported Saturday that the Trump administration is expected to allow Anthropic to resume public access to Fable 5 as soon as next week.
Magazine: How AI just dramatically sped up the quantum risk for Bitcoin
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Yuma, a Digital Currency Group-backed investment company, has launched a fund that gives institutional investors diversified exposure to the Bittensor ecosystem, as asset managers expand investment products tied to decentralized AI.
According to a Thursday announcement, the Yuma Total Market Fund provides exposure to Bittensor’s native TAO token and a basket of AI-focused subnets through a single investment vehicle. The strategy is intended to simplify access to the broader Bittensor ecosystem without requiring investors to select individual subnet tokens.
The fund launched with seed capital from an undisclosed anchor investor.
Bittensor is a decentralized network that supports the development of AI infrastructure and applications through specialized subnets spanning areas such as compute, marketplaces and identity. According to Yuma, the network's 128 subnets represent more than $900 million in combined value. However, data from network tracker Taostats shows a combined subnet value closer to $300 million.
TAO, the native token of the Bittensor ecosystem, has a market capitalization of nearly $2.4 billion. Source: CoinMarketCap
Institutional interest in the Bittensor ecosystem has grown alongside the network’s expanding subnet economy. In April, Grayscale increased TAO’s weighting in its Grayscale Decentralized AI Fund to 43% during the fund’s quarterly rebalance. TAO’s allocation has since fallen to about 20%, with Near Protocol's NEAR now comprising the fund’s largest holding at roughly 44%.
Asset managers are also seeking to broaden investor access to TAO. Bitwise filed for a TAO Strategy ETF with the US Securities and Exchange Commission (SEC) in April, while Grayscale submitted an amended registration statement to convert its existing Bittensor Trust into a spot TAO exchange-traded fund that would list on NYSE Arca if approved.
Grayscale Bittensor Trust (TAO) application with the SEC. Source: SEC
Anthropic restrictions renew focus on decentralized AIThe case for decentralized AI, which distributes AI infrastructure and computing across blockchain-based networks rather than relying on a single provider, gained renewed attention after the US Commerce Department suspended public access to Anthropic’s Fable 5 and Mythos 5 models over national security and export control concerns.
At the time, Grayscale head of research Zach Pandl said the restrictions underscored the risks of relying on centralized AI providers. The government order limiting access to Anthropic’s Fable 5 and Mythos 5 “highlights the risks of centralized control of AI,” Pandl said. “We expect demand for decentralized AI, like Bittensor and its TAO token, to rise as investors seek alternatives.”
The restrictions appear to be easing. The Commerce Department restored access to Mythos 5 on Friday, and Axios reported Saturday that the Trump administration is expected to allow Anthropic to resume public access to Fable 5 as soon as next week.
Magazine: How AI just dramatically sped up the quantum risk for Bitcoin
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
U.S.-listed ETFs have seen inflows exceeding $1 trillion so far this year, with full-year inflows expected to surpass $2 trillion, hitting a new all-time high.
The Kobeissi Letter stated that the U.S. is experiencing an unprecedented ETF boom. Data shows that year-to-date 2026, U.S.-listed ETFs have attracted over $1 trillion in inflows, and at the current pace, they are on track to exceed $2 trillion by year-end, setting a new all-time high. If annual ETF inflows surpass $2 trillion, this will mark the fourth consecutive year of growth in annual ETF inflows, 33% higher than the 2025 record, an increase of roughly $500 billion. Meanwhile, 700 ETFs have launched so far this year, also on pace for an annual record. June alone saw 186 ETFs listed, the highest monthly issuance figure in history. The ETF industry is expanding at a record pace.
1 hours ago
Base releases post-mortem report on network outage: User funds remain safe, root cause is a vulnerability in sequencer block construction logic.
Base engineering team released a post-mortem report on the June 25 block production outage, noting that Base mainnet suffered two separate block production interruptions on June 25 and June 26. The first incident occurred at 11:47 ET on June 25, lasting 116 minutes; the second took place at 11:28 ET on June 26, lasting 20 minutes. Both events shared the same root cause. Chain integrity remained unharmed, and all funds on Base are secure. Block production resumed safely after the team mitigated the issues. The root cause was a bug in the sequencer’s block construction logic: after a transaction validation failure, expired log states were not cleared. An invalid transaction was received by the block builder and failed as expected, but the system incorrectly retained log states including accessed accounts and storage slots. A subsequent valid transaction was processed before the log states could be properly cleared, leading to a gas fee calculation mismatch and a sequencer block containing invalid state transitions. Other nodes rejected this block, causing the entire chain to halt. During the outage, Base could not produce new L2 blocks, sequencer and validator nodes could not advance past the invalid block, and new transactions could not be posted on-chain. The team fixed the interruptions by deploying a patch to the sequencer to ensure proper log state updates during execution. Base stated it will strengthen protocol fuzz testing and load testing tools to more easily identify adversarial transaction patterns that could expose similar vulnerabilities, and will continue to improve operational and monitoring capabilities.
1 hours ago
Ethereum Surpasses $1,600
According to HTX market data, Ethereum has broken through $1,600, posting a 1.6% gain in the past 24 hours.
1 hours ago
Analysis: Retail investors appear to be shifting funds from gold and Bitcoin to semiconductor stocks.
The Kobeissi Letter stated that retail investors appear to be shifting away from gold and Bitcoin toward semiconductor stocks. Data shows that since April, U.S. gold ETFs and Bitcoin ETFs have recorded a combined net outflow of $12 billion; over the same timeframe, U.S. semiconductor ETFs have pulled in a total of $20 billion in inflows. This trend accelerated in mid-May, with outflows from gold and Bitcoin funds surging more than threefold, while inflows into semiconductor ETFs doubled. On the price front, GLD, the largest U.S. gold ETF, has declined 13% since early April, while IBIT, the largest Bitcoin ETF, has fallen 12% over the same period. By contrast, semiconductor ETFs SOXX and SMH have gained 81% and 60% respectively. Retail investors are driving the market in an unprecedented manner.
1 hours ago
Bloomberg: Sell-off in chip stocks drags U.S. stocks to end lower this week, as AI valuation concerns weigh on market performance.
U.S. stocks closed lower this week, weighed down by the ongoing slump in chip stocks, Bloomberg reported. While a University of Michigan survey showed long-term inflation expectations came in below forecasts, easing some concerns about interest rate hikes, that failed to offset selling pressure in chip stocks. Steve Sosnick, chief strategist at Interactive Brokers, noted the S&P 500 briefly turned positive during the session before erasing gains quickly, mirroring multiple failed rebound attempts investors have seen this week. Worries over AI valuations have spread from Asian markets to U.S. trading. Two prominent Chinese hedge funds said AI stocks are in a bubble that could burst. Shares of Japan’s SoftBank Group fell after The New York Times reported OpenAI may delay its IPO until 2027. South Korea’s KOSPI index triggered a trading halt for the second time this week due to a sharp drop in chip stocks, later paring some of those losses. In the U.S., data from Bank of America showed investors pulled capital out of U.S. stocks for the first time in three months, with outflows hitting $8.5 billion. Cameron Dawson, chief investment officer at Newedge Wealth, said a key question is whether the market has the patience to wait for returns on investments from hyperscale cloud providers. Richard Reyle, chief investment officer at Questar Capital Partners, said he will not buy large-cap tech or AI stocks at current levels, as their dominance is weakening; the Magnificent Seven and Bitcoin peaked nine months ago and have yet to recover. Separately, crude oil prices extended declines as tanker traffic through the Strait of Hormuz remained steady. Brian Jacobsen, chief economic strategist at Annex Wealth Management, said the peak in energy prices is behind us, leaving room for headline inflation to cool, though price pressures have not fully vanished.
1 hours ago
SYRUP rose over 31% in 24 hours, currently trading at $0.155.
According to HTX market data, Maple Finance (SYRUP) has surged over 31% in the past 24 hours, currently trading at $0.155.
In brief Billionaire Jeremy Grantham is skeptical about crypto's place in the financial world, calling it "useless" and a "speculative mechanism." Grantham noted Bitcoin's recent fall despite strong economic conditions, highlighting its instability as a store of value. Bitcoin was recently trading more than 50% off its all-time high of $126,080. Billionaire investor Jeremy Grantham won’t be adding crypto to his portfolio any time soon.
Grantham, the co-founder of investment firm GMO, made his position on the asset class well known in an appearance on CNBC’s “Squawk Box” on Friday, where he called crypto a “useless, speculative mechanism.”
“Years and years, decades and decades—it will dwindle away, I suspect,” Grantham said of its future. “Not with a bang, but with a whimper.”
Grantham highlighted Bitcoin’s instability as a store of value, pointing to its recent drawdown—a 52% decline from its all-time high of $126,080 set last October, despite strong economic conditions and gold notching sizable gains during the same timeframe.
The commodity and leading store of value asset rose to a new all-time high above $5,500 per ounce earlier this year, but has since fallen more than 25% to trade at $4,096.
“You can’t depend on it in that way,” he said of Bitcoin. “People don’t use it to make serious trades, they don’t use it to buy their dinner and pay at the supermarket.”
Instead he said it “allows crooks to move money around without leaving a trace,” adding that it’s “brilliant at that.”
Grantham did concede that blockchain rails could play a transformative role in the future, but made clear his comments were about Bitcoin and other cryptocurrencies.
Bitcoin has fallen 17% in the last month of trading, recently trading at $60,529.
Last month, billionaire investor Mark Cuban similarly criticized Bitcoin’s role as a store of value, pointing to its recent underperformance when compared to gold, saying “it is not the hedge I expected it to be.” Cuban added that he has sold most of his BTC as a result.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief Billionaire Jeremy Grantham is skeptical about crypto's place in the financial world, calling it "useless" and a "speculative mechanism." Grantham noted Bitcoin's recent fall despite strong economic conditions, highlighting its instability as a store of value. Bitcoin was recently trading more than 50% off its all-time high of $126,080. Billionaire investor Jeremy Grantham won’t be adding crypto to his portfolio any time soon.
Grantham, the co-founder of investment firm GMO, made his position on the asset class well known in an appearance on CNBC’s “Squawk Box” on Friday, where he called crypto a “useless, speculative mechanism.”
“Years and years, decades and decades—it will dwindle away, I suspect,” Grantham said of its future. “Not with a bang, but with a whimper.”
Grantham highlighted Bitcoin’s instability as a store of value, pointing to its recent drawdown—a 52% decline from its all-time high of $126,080 set last October, despite strong economic conditions and gold notching sizable gains during the same timeframe.
The commodity and leading store of value asset rose to a new all-time high above $5,500 per ounce earlier this year, but has since fallen more than 25% to trade at $4,096.
“You can’t depend on it in that way,” he said of Bitcoin. “People don’t use it to make serious trades, they don’t use it to buy their dinner and pay at the supermarket.”
Instead he said it “allows crooks to move money around without leaving a trace,” adding that it’s “brilliant at that.”
Grantham did concede that blockchain rails could play a transformative role in the future, but made clear his comments were about Bitcoin and other cryptocurrencies.
Bitcoin has fallen 17% in the last month of trading, recently trading at $60,529.
Last month, billionaire investor Mark Cuban similarly criticized Bitcoin’s role as a store of value, pointing to its recent underperformance when compared to gold, saying “it is not the hedge I expected it to be.” Cuban added that he has sold most of his BTC as a result.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Bitcoin is consolidating near $60,326.78 according to the supplied market check.The highlighted setup focuses on Bitcoin trading close to long-term weekly moving-average boundaries.The setup remains market-analysis context. Do not call the 200-week SMA a guaranteed bottom or make definitive price-target claims. https://x.com/alicharts/status/2070783078969037193
Loading Tweet… View original post on X
Historical significance of the 200-week moving average as a long-term bitcoin boundary Bitcoin Trades Below 200-Week Moving Average as Historical Accumulation Signal Returns is one of the market setups traders are watching as crypto attempts to stabilize after recent volatility. The signal is useful because it points to a clear market level, flow, or positioning theme that can be checked against live data.
This setup surfaced through the X/social discovery lane, which is used as an idea sensor only. It should not be treated as a source of record on its own. The relevant data still needs to be checked against market charts, derivatives dashboards, or on-chain records before readers draw conclusions.
What the available data shows Bitcoin is consolidating near $60,326.78 according to the supplied market check. The highlighted setup focuses on Bitcoin trading close to long-term weekly moving-average boundaries.
That matters because crypto markets often move around concentrated liquidity zones, wallet flows, exchange positioning, and broader macro pressure before those signals become obvious in price. The strongest version of this setup is one where the highlighted level or flow continues to hold after live validation.
Why traders are watching this setup The setup gives traders a defined framework rather than a vague bullish or bearish view. For Bitcoin, the key question is whether the current signal reflects durable positioning or a short-lived reaction inside a volatile range.
Market structure remains fragile. Bitcoin direction, liquidity conditions, derivatives positioning, and macro volatility can still override otherwise clean technical or on-chain setups. That is why the signal is best understood as a watchpoint, not a prediction.
Risk and invalidation context Do not call the 200-week SMA a guaranteed bottom or make definitive price-target claims. The 200-week moving average has historically been watched by long-term accumulation-focused traders.
If the highlighted level fails, if the wallet flow turns out to be internal custody movement, or if derivatives positioning flips quickly, the interpretation should change. The article should therefore be read as a current market snapshot rather than a guarantee of future price action.
What to verify next The next step is external confirmation. For this setup, the validation path is: Verify the 200-week SMA line and Bitcoin's position relative to it on TradingView. Until that confirmation is reviewed, the setup should remain market-analysis context rather than a confirmed directional forecast.
Traders should also watch liquidity, volume, and daily close structure. Those factors will decide whether this signal becomes a durable theme or another short-lived reaction inside a volatile crypto session.
This report is based on publicly available market and on-chain data.
This article was written by the News Desk and edited by Samuel Rae.
U.S. stocks closed lower this week, weighed down by the ongoing slump in chip stocks, Bloomberg reported. While a University of Michigan survey showed long-term inflation expectations came in below forecasts, easing some concerns about interest rate hikes, that failed to offset selling pressure in chip stocks. Steve Sosnick, chief strategist at Interactive Brokers, noted the S&P 500 briefly turned positive during the session before erasing gains quickly, mirroring multiple failed rebound attempts investors have seen this week. Worries over AI valuations have spread from Asian markets to U.S. trading. Two prominent Chinese hedge funds said AI stocks are in a bubble that could burst. Shares of Japan’s SoftBank Group fell after The New York Times reported OpenAI may delay its IPO until 2027. South Korea’s KOSPI index triggered a trading halt for the second time this week due to a sharp drop in chip stocks, later paring some of those losses. In the U.S., data from Bank of America showed investors pulled capital out of U.S. stocks for the first time in three months, with outflows hitting $8.5 billion. Cameron Dawson, chief investment officer at Newedge Wealth, said a key question is whether the market has the patience to wait for returns on investments from hyperscale cloud providers. Richard Reyle, chief investment officer at Questar Capital Partners, said he will not buy large-cap tech or AI stocks at current levels, as their dominance is weakening; the Magnificent Seven and Bitcoin peaked nine months ago and have yet to recover. Separately, crude oil prices extended declines as tanker traffic through the Strait of Hormuz remained steady. Brian Jacobsen, chief economic strategist at Annex Wealth Management, said the peak in energy prices is behind us, leaving room for headline inflation to cool, though price pressures have not fully vanished.
Relevant content
U.S.-listed ETFs have seen inflows exceeding $1 trillion so far this year, with full-year inflows expected to surpass $2 trillion, hitting a new all-time high.
The Kobeissi Letter stated that the U.S. is experiencing an unprecedented ETF boom. Data shows that year-to-date 2026, U.S.-listed ETFs have attracted over $1 trillion in inflows, and at the current pace, they are on track to exceed $2 trillion by year-end, setting a new all-time high. If annual ETF inflows surpass $2 trillion, this will mark the fourth consecutive year of growth in annual ETF inflows, 33% higher than the 2025 record, an increase of roughly $500 billion. Meanwhile, 700 ETFs have launched so far this year, also on pace for an annual record. June alone saw 186 ETFs listed, the highest monthly issuance figure in history. The ETF industry is expanding at a record pace.
1 hours ago
Base releases post-mortem report on network outage: User funds remain safe, root cause is a vulnerability in sequencer block construction logic.
Base engineering team released a post-mortem report on the June 25 block production outage, noting that Base mainnet suffered two separate block production interruptions on June 25 and June 26. The first incident occurred at 11:47 ET on June 25, lasting 116 minutes; the second took place at 11:28 ET on June 26, lasting 20 minutes. Both events shared the same root cause. Chain integrity remained unharmed, and all funds on Base are secure. Block production resumed safely after the team mitigated the issues. The root cause was a bug in the sequencer’s block construction logic: after a transaction validation failure, expired log states were not cleared. An invalid transaction was received by the block builder and failed as expected, but the system incorrectly retained log states including accessed accounts and storage slots. A subsequent valid transaction was processed before the log states could be properly cleared, leading to a gas fee calculation mismatch and a sequencer block containing invalid state transitions. Other nodes rejected this block, causing the entire chain to halt. During the outage, Base could not produce new L2 blocks, sequencer and validator nodes could not advance past the invalid block, and new transactions could not be posted on-chain. The team fixed the interruptions by deploying a patch to the sequencer to ensure proper log state updates during execution. Base stated it will strengthen protocol fuzz testing and load testing tools to more easily identify adversarial transaction patterns that could expose similar vulnerabilities, and will continue to improve operational and monitoring capabilities.
1 hours ago
Ethereum Surpasses $1,600
According to HTX market data, Ethereum has broken through $1,600, posting a 1.6% gain in the past 24 hours.
1 hours ago
Analysis: Retail investors appear to be shifting funds from gold and Bitcoin to semiconductor stocks.
The Kobeissi Letter stated that retail investors appear to be shifting away from gold and Bitcoin toward semiconductor stocks. Data shows that since April, U.S. gold ETFs and Bitcoin ETFs have recorded a combined net outflow of $12 billion; over the same timeframe, U.S. semiconductor ETFs have pulled in a total of $20 billion in inflows. This trend accelerated in mid-May, with outflows from gold and Bitcoin funds surging more than threefold, while inflows into semiconductor ETFs doubled. On the price front, GLD, the largest U.S. gold ETF, has declined 13% since early April, while IBIT, the largest Bitcoin ETF, has fallen 12% over the same period. By contrast, semiconductor ETFs SOXX and SMH have gained 81% and 60% respectively. Retail investors are driving the market in an unprecedented manner.
1 hours ago
SYRUP rose over 31% in 24 hours, currently trading at $0.155.
According to HTX market data, Maple Finance (SYRUP) has surged over 31% in the past 24 hours, currently trading at $0.155.
1 hours ago
ECB Executive Board Member: Further Interest Rate Hikes Expected
European Central Bank (ECB) Executive Board member Isabel Schnabel warned that even if a U.S.-Iran peace deal reopens the Strait of Hormuz, price pressures could still run higher than expected. Speaking on Saturday, Schnabel said, "There are upside risks to inflation for food, goods and services," adding that energy price shocks could spill over into broader sectors. While she welcomed the recent decline in energy prices amid prospects of a U.S.-Iran peace deal, she cautioned that a ceasefire should not be a reason to lower guard. "Uncertainty remains high, but the announced peace deal reduces the likelihood of negative scenarios," she noted. Even so, oil prices are projected to stay elevated, as the Strait of Hormuz will only reopen gradually. Schnabel, considered the most hawkish member of the ECB Governing Council, reiterated that "the ECB will likely raise interest rates further to bring inflation back to the 2% target over the medium term." She added that consumer inflation expectations have risen, though there are no signs of wage pressures yet. (Jin10)
PANews June 27 news, The Kobeissi Letter published an analysis pointing out that since April, U.S. gold and Bitcoin-related ETFs have seen cumulative net outflows of approximately $12 billion, while semiconductor ETFs recorded net inflows of around $20 billion over the same period, with capital clearly concentrating in tech growth sectors. This trend further accelerated in mid-May: gold and Bitcoin ETF outflows more than tripled, while semiconductor ETF inflows doubled. In terms of market performance, the world’s largest gold ETF GLD has fallen about 13% since early April, and Bitcoin ETF IBIT dropped about 12% during the same period; in contrast, semiconductor ETFs SOXX and SMH rose about 81% and 60%, respectively. The analysis believes the current market is exhibiting a clear "risk appetite shift," with retail funds accelerating out of safe-haven assets and crypto assets into high-growth semiconductor and AI-related sectors, and driving the market in an unprecedented way.
U.S.-listed ETFs have seen inflows exceeding $1 trillion so far this year, with full-year inflows expected to surpass $2 trillion, hitting a new all-time high.
The Kobeissi Letter stated that the U.S. is experiencing an unprecedented ETF boom. Data shows that year-to-date 2026, U.S.-listed ETFs have attracted over $1 trillion in inflows, and at the current pace, they are on track to exceed $2 trillion by year-end, setting a new all-time high. If annual ETF inflows surpass $2 trillion, this will mark the fourth consecutive year of growth in annual ETF inflows, 33% higher than the 2025 record, an increase of roughly $500 billion. Meanwhile, 700 ETFs have launched so far this year, also on pace for an annual record. June alone saw 186 ETFs listed, the highest monthly issuance figure in history. The ETF industry is expanding at a record pace.
1 hours ago
Base releases post-mortem report on network outage: User funds remain safe, root cause is a vulnerability in sequencer block construction logic.
Base engineering team released a post-mortem report on the June 25 block production outage, noting that Base mainnet suffered two separate block production interruptions on June 25 and June 26. The first incident occurred at 11:47 ET on June 25, lasting 116 minutes; the second took place at 11:28 ET on June 26, lasting 20 minutes. Both events shared the same root cause. Chain integrity remained unharmed, and all funds on Base are secure. Block production resumed safely after the team mitigated the issues. The root cause was a bug in the sequencer’s block construction logic: after a transaction validation failure, expired log states were not cleared. An invalid transaction was received by the block builder and failed as expected, but the system incorrectly retained log states including accessed accounts and storage slots. A subsequent valid transaction was processed before the log states could be properly cleared, leading to a gas fee calculation mismatch and a sequencer block containing invalid state transitions. Other nodes rejected this block, causing the entire chain to halt. During the outage, Base could not produce new L2 blocks, sequencer and validator nodes could not advance past the invalid block, and new transactions could not be posted on-chain. The team fixed the interruptions by deploying a patch to the sequencer to ensure proper log state updates during execution. Base stated it will strengthen protocol fuzz testing and load testing tools to more easily identify adversarial transaction patterns that could expose similar vulnerabilities, and will continue to improve operational and monitoring capabilities.
1 hours ago
Ethereum Surpasses $1,600
According to HTX market data, Ethereum has broken through $1,600, posting a 1.6% gain in the past 24 hours.
1 hours ago
Bloomberg: Sell-off in chip stocks drags U.S. stocks to end lower this week, as AI valuation concerns weigh on market performance.
U.S. stocks closed lower this week, weighed down by the ongoing slump in chip stocks, Bloomberg reported. While a University of Michigan survey showed long-term inflation expectations came in below forecasts, easing some concerns about interest rate hikes, that failed to offset selling pressure in chip stocks. Steve Sosnick, chief strategist at Interactive Brokers, noted the S&P 500 briefly turned positive during the session before erasing gains quickly, mirroring multiple failed rebound attempts investors have seen this week. Worries over AI valuations have spread from Asian markets to U.S. trading. Two prominent Chinese hedge funds said AI stocks are in a bubble that could burst. Shares of Japan’s SoftBank Group fell after The New York Times reported OpenAI may delay its IPO until 2027. South Korea’s KOSPI index triggered a trading halt for the second time this week due to a sharp drop in chip stocks, later paring some of those losses. In the U.S., data from Bank of America showed investors pulled capital out of U.S. stocks for the first time in three months, with outflows hitting $8.5 billion. Cameron Dawson, chief investment officer at Newedge Wealth, said a key question is whether the market has the patience to wait for returns on investments from hyperscale cloud providers. Richard Reyle, chief investment officer at Questar Capital Partners, said he will not buy large-cap tech or AI stocks at current levels, as their dominance is weakening; the Magnificent Seven and Bitcoin peaked nine months ago and have yet to recover. Separately, crude oil prices extended declines as tanker traffic through the Strait of Hormuz remained steady. Brian Jacobsen, chief economic strategist at Annex Wealth Management, said the peak in energy prices is behind us, leaving room for headline inflation to cool, though price pressures have not fully vanished.
1 hours ago
SYRUP rose over 31% in 24 hours, currently trading at $0.155.
According to HTX market data, Maple Finance (SYRUP) has surged over 31% in the past 24 hours, currently trading at $0.155.
1 hours ago
ECB Executive Board Member: Further Interest Rate Hikes Expected
European Central Bank (ECB) Executive Board member Isabel Schnabel warned that even if a U.S.-Iran peace deal reopens the Strait of Hormuz, price pressures could still run higher than expected. Speaking on Saturday, Schnabel said, "There are upside risks to inflation for food, goods and services," adding that energy price shocks could spill over into broader sectors. While she welcomed the recent decline in energy prices amid prospects of a U.S.-Iran peace deal, she cautioned that a ceasefire should not be a reason to lower guard. "Uncertainty remains high, but the announced peace deal reduces the likelihood of negative scenarios," she noted. Even so, oil prices are projected to stay elevated, as the Strait of Hormuz will only reopen gradually. Schnabel, considered the most hawkish member of the ECB Governing Council, reiterated that "the ECB will likely raise interest rates further to bring inflation back to the 2% target over the medium term." She added that consumer inflation expectations have risen, though there are no signs of wage pressures yet. (Jin10)
Strategy has an office and business in Hangzhou, currently recruiting for technical positions
PANews, June 27 – According to crypto KOL AB Kuai.Dong’s post on X, Strategy maintains an office in China. The company was founded in 2007, originally doing traditional software outsourcing. Although it later transformed into the world’s largest bitcoin reserve company, this business and office location are still retained in Hangzhou. Current recruitment platforms show the company is still hiring, mainly for technical positions.
Share to:
Author: PA一线
This content is for market information only and is not investment advice.
Follow PANews official accounts, navigate bull and bear markets together
The supplied pack reports $445 million in outflows from U.S. spot Bitcoin ETFs for the June 26 session.Ethereum ETFs were reported as seeing around $13 million in outflows for the same session.The setup remains market-analysis context. Do not state that ETF flows are the sole cause of price weakness. https://x.com/akshoydasss/status/2070751335352578249
Loading Tweet… View original post on X
Institutional flow pressure and how etf outflows fit into bitcoin's broader market setup US Spot Bitcoin ETFs See $445 Million in Single-Day Outflows as Institutional Pressure Builds is one of the market setups traders are watching as crypto attempts to stabilize after recent volatility. The signal is useful because it points to a clear market level, flow, or positioning theme that can be checked against live data.
This setup surfaced through the X/social discovery lane, which is used as an idea sensor only. It should not be treated as a source of record on its own. The relevant data still needs to be checked against market charts, derivatives dashboards, or on-chain records before readers draw conclusions.
What the available data shows The supplied pack reports $445 million in outflows from U.S. spot Bitcoin ETFs for the June 26 session. Ethereum ETFs were reported as seeing around $13 million in outflows for the same session.
That matters because crypto markets often move around concentrated liquidity zones, wallet flows, exchange positioning, and broader macro pressure before those signals become obvious in price. The strongest version of this setup is one where the highlighted level or flow continues to hold after live validation.
Why traders are watching this setup The setup gives traders a defined framework rather than a vague bullish or bearish view. For Bitcoin, the key question is whether the current signal reflects durable positioning or a short-lived reaction inside a volatile range.
Market structure remains fragile. Bitcoin direction, liquidity conditions, derivatives positioning, and macro volatility can still override otherwise clean technical or on-chain setups. That is why the signal is best understood as a watchpoint, not a prediction.
Risk and invalidation context Do not state that ETF flows are the sole cause of price weakness. The supplied setup contrasts Bitcoin and Ethereum outflows with positive flows into smaller crypto products such as XRP and SOL.
If the highlighted level fails, if the wallet flow turns out to be internal custody movement, or if derivatives positioning flips quickly, the interpretation should change. The article should therefore be read as a current market snapshot rather than a guarantee of future price action.
What to verify next The next step is external confirmation. For this setup, the validation path is: Verify June 26 ETF flow numbers using Farside Investors or CoinGlass ETF flow pages. Until that confirmation is reviewed, the setup should remain market-analysis context rather than a confirmed directional forecast.
Traders should also watch liquidity, volume, and daily close structure. Those factors will decide whether this signal becomes a durable theme or another short-lived reaction inside a volatile crypto session.
This report is based on publicly available market and on-chain data.
This article was written by the News Desk and edited by Samuel Rae.
PANews, June 27 news, Bitcoin treasury company ProCap Financial Chairman Anthony Pompliano posted on X platform, saying that allegedly Mythos breached the National Security Agency (NSA) classified systems within hours, which will further intensify public concerns about AI risks and push for more regulatory intervention, while the more important signal released is: AGI (Artificial General Intelligence) is actually approaching. Current AI technology not only exceeds human capabilities, but is also self-training and improving at incomprehensible speeds, "humans cannot match these models."
Anthony Pompliano added that each model upgrade brings higher expectations, and people have gradually developed "aesthetic fatigue" towards major technological breakthroughs, which further strengthens confidence in continuous technological progress. Although it is necessary to face the negative impacts brought by AI, this is still one of the most exciting periods in human history, and society may ultimately become the biggest beneficiary. Inflation above 9% has led many to form wrong expectations, and whenever market volatility appears, they predict "high inflation returns." Factors such as tariffs and wars may indeed bring inflationary pressures, but inflation above 9% is at an extremely rare level and is unlikely to recur over the long term in the future.
Ansem, a well-known figure in the cryptocurrency market, has analyzed the recent decline in Bitcoin and altcoins.
Ansem, a closely followed figure in the cryptocurrency market, stated that he maintains his short-term peak view for equity indices and the storage sector. According to Ansem, the start of the third quarter next week could increase quarterly volatility in the markets.
Ansem stated that the cryptocurrency market, particularly Bitcoin and Solana, may have already priced in several weak factors. Therefore, he assessed that a potential bullish divergence could occur in terms of price movements in crypto assets. However, Ansem also noted that if the stock market weakens at the beginning of the third quarter, this could trigger a simultaneous sell-off in the crypto market.
Ansem, also commenting on HYPE, stated that he expects the asset to continue its strong performance but may experience a pullback depending on overall market conditions.
Ansem also warned investors about leveraged trading. He stated that the worst-case scenario is being liquidated at the bottom of a bear market and then watching all assets recover, urging caution with leveraged positions.
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
The supplied setup highlights resistance near the $61,000 area and support/liquidation interest around $58,200.Bitcoin remains compressed inside a relatively tight range while leveraged traders cluster on both sides.The setup remains market-analysis context. Do not predict which side of the range will break first. https://x.com/CryptoDad_DDC/status/2070491689035190665
Loading Tweet… View original post on X
Bitcoin range compression and liquidation clusters around key levels Bitcoin Trapped as Liquidation Maps Spot Major Resistance and Support Clusters is one of the market setups traders are watching as crypto attempts to stabilize after recent volatility. The signal is useful because it points to a clear market level, flow, or positioning theme that can be checked against live data.
This setup surfaced through the X/social discovery lane, which is used as an idea sensor only. It should not be treated as a source of record on its own. The relevant data still needs to be checked against market charts, derivatives dashboards, or on-chain records before readers draw conclusions.
What the available data shows The supplied setup highlights resistance near the $61,000 area and support/liquidation interest around $58,200. Bitcoin remains compressed inside a relatively tight range while leveraged traders cluster on both sides.
That matters because crypto markets often move around concentrated liquidity zones, wallet flows, exchange positioning, and broader macro pressure before those signals become obvious in price. The strongest version of this setup is one where the highlighted level or flow continues to hold after live validation.
Why traders are watching this setup The setup gives traders a defined framework rather than a vague bullish or bearish view. For Bitcoin, the key question is whether the current signal reflects durable positioning or a short-lived reaction inside a volatile range.
Market structure remains fragile. Bitcoin direction, liquidity conditions, derivatives positioning, and macro volatility can still override otherwise clean technical or on-chain setups. That is why the signal is best understood as a watchpoint, not a prediction.
Risk and invalidation context Do not predict which side of the range will break first. Liquidity concentration can increase the risk of sharp wick moves in either direction.
If the highlighted level fails, if the wallet flow turns out to be internal custody movement, or if derivatives positioning flips quickly, the interpretation should change. The article should therefore be read as a current market snapshot rather than a guarantee of future price action.
What to verify next The next step is external confirmation. For this setup, the validation path is: Check CoinGlass or Hyblock liquidation heatmaps for active clusters near $58,200 and $61,000. Until that confirmation is reviewed, the setup should remain market-analysis context rather than a confirmed directional forecast.
Traders should also watch liquidity, volume, and daily close structure. Those factors will decide whether this signal becomes a durable theme or another short-lived reaction inside a volatile crypto session.
This report is based on publicly available market and on-chain data.
This article was written by the News Desk and edited by Samuel Rae.
ARK Invest’s CEO, Cathie Wood, has revealed what will drive the next Bitcoin rally, even as the leading crypto declines in this bear market. She noted that crypto is currently suffering a liquidity drought but signaled that BTC’s narrative as a hedge against inflation remains unfettered, with AI unable to replace it.
Cathie Wood Reveals What Will Drive The Next Bitcoin Rally In an X post, Cathie Wood stated that capital outflows from less stable countries around the world will “light” another fire under Bitcoin and other digital assets. She also admitted that the AI wave is currently sucking liquidity out of the crypto market, which could explain the current bear market conditions.
“AI has launched a technology revolution, deservedly sucking a lot of oxygen out of the investment world, but it cannot serve as the insurance policy protecting wealth that many people in the world are seeking right now,” the ARK Invest CEO said.
Wood’s statement echoes that of BlackRock’s CIO Rick Rieder, who noted that Bitcoin is facing competition from tech stocks and emerging markets in the credit market. However, he declared that BTC will ultimately go higher in the long term.
Meanwhile, it is worth noting that Cathie Wood and ARK Invest have predicted Bitcoin could reach $1 million by 2030. They predict that this will happen as BTC gains greater institutional adoption and global acceptance as digital gold, with investors using it to preserve their wealth against inflation.
‘Crypto Is Stuck In The Middle’ ARK Invest’s Director of Research, Lorenzo Valente, remarked that crypto is in the middle. He explained that this asset class is not as stable as gold or growth equities and not as exciting as the IPO craze that the market is about to witness or the DRAM fund.
People are forgetting the basics of crypto.
We’re in an institutionally led market now, and crypto is still perceived as the risk-on bet.
But the problem is now that there are assets that are riskier but carry higher perceived upside. That makes BTC, ETH, and SOL far less… pic.twitter.com/j1ChI9Xf8m
— Lorenzo Valente (@LorenzoARK) June 25, 2026
H claimed that there is a “massive” rotation of capital as institutions still view Bitcoin and other crypto assets as the risk-on bet but not ones with higher perceived upside, which makes them relatively less attractive. As such, these investors are investing in riskier assets that offer higher perceived upside. Notably, Bitcoin ETFs have continued to see sustained outflows, contributing to the decline in the BTC price.
Valente was echoing the sentiments of Philippe Laffont, the founder of Coatue Management, who said that Bitcoin was in the middle of stablecoins and big IPOs. He noted that investors seeking stability will move to stablecoins, while those seeking greater risk will likely invest in these IPOs rather than BTC.
Mysten Labs’ Hashi framework aims to bring native Bitcoin collateral into Sui DeFi without synthetic wrappers. The global testnet is expected in July 2026. SwissBorg, Cumberland, Fluid, BitGo and Ledger are listed as institutional backers. Native Bitcoin Utility On Sui: Why This Story Matters Institutions Back Sui’s Hashi to Bridge Bitcoin DeFi as Testnet Launch Approaches has become one of the stronger weekend crypto stories because it sits at the intersection of price action, market structure, and the kind of narrative that traders tend to follow closely when the broader news cycle slows down.
The key point is not simply that hashi enables native Bitcoin collateral in Sui-based DeFi protocols without synthetic wrappers. It is that the development gives the market a fresh way to judge whether the current crypto environment is being driven by genuine network adoption, regulatory progress, liquidity shifts, or short-term speculation.
The Main Details According to the official source material, Hashi enables native Bitcoin collateral in Sui-based DeFi protocols without synthetic wrappers. The report also notes that a global testnet is scheduled for July 2026.
That distinction matters because crypto markets often move first on headlines and only later separate durable developments from short-lived momentum. In this case, the verified boundaries are especially important: Do not state the testnet is already live on mainnet.
Market Context For traders, the story arrives at a moment when crypto assets are still trying to define a clearer direction. Bitcoin remains the anchor for broader sentiment, but altcoin narratives are increasingly being judged on their own fundamentals, including usage, liquidity, compliance, treasury activity, and developer progress.
That makes this development relevant beyond a single token or company. If the underlying trend proves durable, it could help shape how investors evaluate Sui, SUI, Bitcoin, Hashi, DeFi over the coming weeks. If it fades, however, it may become another example of a strong weekend narrative that struggled to translate into sustained market follow-through.
What To Watch Next The next important question is whether the market receives further confirmation from primary sources, dashboards, official announcements, or on-chain data. Follow-up disclosures, exchange data, governance updates, or wallet activity could all help clarify whether this is an isolated headline or the start of a broader theme.
Readers should also watch whether liquidity responds. In crypto, even fundamentally meaningful developments can fail to move prices if traders remain defensive, leverage is being unwound, or capital is rotating into other sectors. That is why this story should be read alongside broader market structure rather than in isolation.
This report is based on information from Sui network data and Mysten Labs documentation.
This article was written by the News Desk and edited by Samuel Rae.
Global economic instability reopens the debate: can Bitcoin become the ultimate safe haven? Cathie Wood, investment star, bets on its rebound. But faced with AI attracting all the capital, will the queen of cryptos keep its promises?
In brief Cathie Wood sees global instability as a catalyst for a new bitcoin rise. BTC is presented as insurance against crises, thanks to its decentralization and cross-border liquidity. Despite the rise of AI, Wood asserts that bitcoin remains irreplaceable for protecting wealth during uncertain times. Cathie Wood: Will Bitcoin be Sparked by Worldwide Instability? Cathie Wood, founder of ARK Invest, sees in capital outflows from unstable countries a catalyst for Bitcoin. According to her, investors are desperately seeking assets capable of protecting their wealth outside traditional financial systems. With persistent inflation, geopolitical tensions, and weak local currencies, BTC as a decentralized and cross-border asset becomes an obvious solution.
For Cathie Wood, capital fleeing fragile economies could fuel a new bitcoin surge. She supports her thesis with massive purchases by ARK Invest which injected 25.54 million dollars in one day into crypto-related stocks. Yet, this optimistic view raises questions. BTC, often seen as a speculative asset, can it really play this role as a safe haven?
AI vs. Bitcoin: the Never-Ending Conflict? Artificial intelligence dominates discussions in 2026, capturing investor attention and an increasing share of global liquidity. Cathie Wood acknowledges its impact. For her, AI has revolutionized tech and attracts billions in venture capital. Yet, she asserts that bitcoin remains irreplaceable as protection against uncertainty. Why? Because AI, as promising as it is, does not solve the problem of preserving purchasing power.
But the debate persists. Indeed, Lorenzo Valente, analyst at ARK Invest, points out that crypto is still perceived as a risky asset, despite its defensive potential. And if AI continues to drain capital, could BTC be relegated to second place? For Wood, no: the two technologies coexist, meeting distinct needs. AI stimulates growth, while bitcoin secures wealth.
Cathie Wood bets on bitcoin as a bulwark against global chaos. But faced with AI, does the queen of cryptos still have a place? A debate that divides… And you, would you be ready to bet on BTC rather than AI?
Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Join the program
A
A
Lien copié
Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Jeremy Grantham, co-founder and chief investment strategist of GMO LLC, during an interview on an episode of Bloomberg Wealth with David Rubenstein in Boston, Massachusetts, US, on Thursday, Aug. 17, 2023. Grantham started one of the world's first index funds in the early 1970s and in 2011 he was included in the 50 Most Influential ranking of Bloomberg Markets magazine. Photographer: Vanessa Leroy/Bloomberg
Jeremy Grantham went on CNBC and said his Bitcoin prediction was that it would eventually “dwindle away with a whimper.” Joe Kernen pushed back, the conversation became personal, and the clip quickly traveled across the internet.
That is hardly surprising. Put Jeremy Grantham, Bitcoin, CNBC, a prediction of zero and two strong personalities in the same conversation, and the internet will do the rest. I watched the exchange differently. I was less interested in whether Grantham likes Bitcoin than in whether his prediction was remotely useful to an investor.
He may ultimately be right. Bitcoin may gradually lose relevance, collapse in value, or become a historical reminder of what can happen when speculation, liquidity, and collective belief meet at the same time. Grantham has spent decades studying bubbles, and dismissing his argument simply because you own Bitcoin would be foolish. But when the timeframe is “years and years, decades and decades,” we are no longer talking about an investment call. We are discussing an opinion that can remain technically alive for the rest of someone’s career.
I have spent over 30 years in markets, and “eventually” is one of the most expensive words in investing. You can be completely right about the destination and still lose a fortune on the journey. A bubble can grow larger. An expensive asset can become pricier. A poor business can survive much longer than expected, and a speculative asset can continue attracting capital long after intelligent people have declared it finished.
That is the problem with dramatic predictions. They make excellent television because they sound decisive. Portfolios require something much harder: a valuation, a catalyst, a timeframe, a sensible position size and an honest understanding of what would prove the thesis wrong.
MORE FOR YOU
Grantham’s Bitcoin Prediction Has No Expiry DateEvery speculative boom eventually ends. The difficulty lies in knowing when to sell, how to sell, and at what price to sell. An investor who correctly identifies a bubble five years early may still lose more money than the investor who never recognized it at all. A stock believed to be worth $20 can trade at $50, then $100, before the market finally agrees. A short seller can be fundamentally right and still end up financially ruined if they time it wrong. Timing is a major aspect of an investment thesis. It is part of the thesis. Grantham’s argument allows Bitcoin to decline over decades. That may eventually make the prediction look remarkably perceptive, but it offers almost no guidance to an investor today.
Should Bitcoin be shorted now? If so, how large should the position be? What happens if it doubles first? Would a move to a new high invalidate the argument or merely make the bubble larger? How long should an investor continue funding the position while waiting for the eventual whimper? Those are not technical questions. They determine whether the view can be turned into an actual return. Bitcoin could ultimately disappear and still rise substantially before it does. It could remain volatile, divisive, and difficult to value for decades while attracting institutional investors, governments, and individuals who see it as an alternative monetary asset.
Saying that something eventually goes to zero is easy. The challenge is surviving everything it does before reaching zero.
A Bitcoin Prediction Is Not an Investment ThesisThe investment industry often confuses a memorable opinion with an investable idea, but they are not the same. They are not the same thing. An investable thesis should explain what is mispriced, why the market is wrong, what changes next, and how long that change may take. It should identify the catalyst and the major risks. Most importantly, it should explain what evidence would show that the original analysis has failed. A prediction can avoid all of that. It can remain open indefinitely, which makes it almost impossible to disprove. That is why forecasts work so well on television. The audience remembers the destination but rarely audits the journey. Someone predicts a market crash, the market rises for another five years, and then eventually declines, and the original forecast is presented as a remarkable call.
But what happened to the investor who acted five years earlier? Suppose you agree entirely with Grantham and believe Bitcoin will eventually be worth nothing. How do you profit from that belief? Shorting it exposes you to an asset capable of violent upward moves. Buying put options forces you to choose an expiry date, which is precisely what the original prediction avoids. Refusing to own Bitcoin may be a perfectly sensible portfolio decision, but avoiding an asset is not the same as generating a return from its collapse. You can therefore be philosophically correct and financially unrewarded.
This distinction applies far beyond Bitcoin. Investors have spent years predicting the demise of expensive technology stocks, housing markets, government bonds, currencies, and entire industries. Some of those predictions were directionally correct. Many were too early, too vague, or too difficult to implement to create any value. Markets do not pay for eventual intellectual vindication. They pay investors who identify a mispricing and express it in a way that can survive until the thesis works.
Why This Bitcoin Prediction Makes Great TelevisionThe Grantham–Kernen exchange is spreading because it was not a dry conversation about valuation. It became a confrontation. Grantham represented the traditional bubble investor: skeptical of an asset that produces no earnings, pays no dividend, and generates no free cash flow. Kernen represented the other side: investors who believe that traditional valuation methods cannot dismiss Bitcoin’s scarcity, network, and challenge to conventional money. Both sides believe the other is missing something obvious.
That creates excellent television and even better social media. People are not only debating Bitcoin. They are defending identities, generations, and competing ideas about what money and value actually mean. The strongest media moments reduce complicated issues to opposing camps. Bitcoin is either digital gold or worthless. Grantham is either a wise veteran warning investors again or a permanent bear who fails to understand a new financial system. Real investing is rarely that clean.
I do not need to decide that Bitcoin is either the future of money or destined for zero. I need to decide whether the expected return justifies the risk at the price available today. That is a less dramatic question, but it is the one that matters. The absence of traditional cash flow makes Bitcoin difficult to value, but difficulty does not remove the need for discipline. It increases it. Position size, entry price, liquidity, and the ability to withstand volatility become increasingly important. An investor does not need to accept Grantham’s final conclusion to recognize the risks. Equally, an investor does not need to believe in Bitcoin to understand that aggressively betting against it could be disastrous.
The Better Question Behind Grantham’s Bitcoin PredictionGrantham may eventually be proven right. His criticism of Bitcoin’s utility, volatility, and lack of traditional intrinsic value deserves serious consideration. But the more useful question is not whether Bitcoin will still exist in several decades. The more useful question is what the current price assumes, what could change those assumptions, and whether the likely return compensates investors for the risks. That is the same process I apply to stocks, spinoffs, restructurings, and activist situations. What is the asset worth? Why might the market be wrong? What is the catalyst? Who or what controls the outcome? How much time does the thesis require, and what would show that it is failing? Those questions turn an opinion into a process.
The market loves bold predictions because they produce heroes and villains. Investors should focus on whether they can translate the prediction into a position they can afford to hold. Grantham may be right about the eventual destination. But being right about where something ends means little if you cannot explain what happens next or survive the path required to reach that destination.
That is the difference between commentary and investing. Commentary needs a strong opinion. Investing needs a price, a catalyst, a timeframe, and a clear view of risk.
The Bitcoin prediction of “Eventually” provides none of them.
Ripple CEO Brad Garlinghouse criticized Michael Saylor’s Bitcoin accumulation model, according to reports from a CNBC interview. The criticism focused on preferred stock financing and the reported discount in STRC preferred shares. The article frames the debate as leverage-led accumulation versus utility-led crypto adoption. Corporate Leverage Versus Crypto Utility: Why This Story Matters Ripple CEO Brad Garlinghouse Slams Michael Saylor’s Bitcoin Buying Model as "Financial Engineering" has become one of the stronger weekend crypto stories because it sits at the intersection of price action, market structure, and the kind of narrative that traders tend to follow closely when the broader news cycle slows down.
The key point is not simply that garlinghouse criticized the use of preferred stock financing to accumulate Bitcoin and called the model financial engineering. It is that the development gives the market a fresh way to judge whether the current crypto environment is being driven by genuine network adoption, regulatory progress, liquidity shifts, or short-term speculation.
The Main Details According to publicly available market data, Garlinghouse criticized the use of preferred stock financing to accumulate Bitcoin and called the model financial engineering. The report also notes that he pointed to STRC preferred shares trading at a discount to par as a sign of pressure in the structure.
That distinction matters because crypto markets often move first on headlines and only later separate durable developments from short-lived momentum. In this case, the verified boundaries are especially important: Do not present Garlinghouse’s comments as objective proof of financial distress or insolvency.
Market Context For traders, the story arrives at a moment when crypto assets are still trying to define a clearer direction. Bitcoin remains the anchor for broader sentiment, but altcoin narratives are increasingly being judged on their own fundamentals, including usage, liquidity, compliance, treasury activity, and developer progress.
That makes this development relevant beyond a single token or company. If the underlying trend proves durable, it could help shape how investors evaluate BTC, XRP, Brad Garlinghouse, Michael Saylor, Strategy over the coming weeks. If it fades, however, it may become another example of a strong weekend narrative that struggled to translate into sustained market follow-through.
What To Watch Next The next important question is whether the market receives further confirmation from primary sources, dashboards, official announcements, or on-chain data. Follow-up disclosures, exchange data, governance updates, or wallet activity could all help clarify whether this is an isolated headline or the start of a broader theme.
Readers should also watch whether liquidity responds. In crypto, even fundamentally meaningful developments can fail to move prices if traders remain defensive, leverage is being unwound, or capital is rotating into other sectors. That is why this story should be read alongside broader market structure rather than in isolation.
This report is based on information shared by Ripple CEO Brad Garlinghouse.
This article was written by the News Desk and edited by Samuel Rae.
XRP is seeing growing activity in the derivatives market despite recent price weakness.
The development suggests it could be setting up for a reversal once bearish sentiment reaches an extreme. The token is trading at $1.05, up 2.45% over the past 24 hours.
However, XRP is still down 8% over the past week and has fallen 43% since the start of the year, reflecting broader weakness across the crypto market.
Open Interest Rises as Price Declines XRP’s open interest has continued to rise even as its price trends lower. Over the past day, XRP open interest rose by 1.13%, reaching $2.37 billion. This figure suggests traders are opening new leveraged positions during the decline. Notably, open interest options dipped 67% to $21.66 million while options volume surged 16% to $5.4 million.
XRP | CoinGlass The accompanying chart shows XRP futures open interest steadily increasing over recent months. Meanwhile, the token has continued to post lower highs and lower lows.
Funding rates have also turned negative. This means short traders are paying long traders to keep their positions open, a sign that bearish sentiment is becoming more dominant in the perpetual futures market.
Negative Funding Could Support a Rebound Rising open interest and negative funding are creating conditions that may support a potential reversal. The market appears to be “charging up for a reversal,” one analyst observed. However, buyers may need to regain momentum before bulls can take control.
Negative funding rates can sometimes precede sharp rallies. If the price suddenly rebounds, heavily leveraged short positions may be forced to close, triggering a short squeeze that pushes prices even higher.
Possible Sweep to $0.95 Despite the longer-term bullish outlook, XRP could first revisit $0.95. Many market watchers, including Ali Martinez, have forecast a fall to this level and even lower.
The idea is that the market may target liquidity below current prices before reversing. Such liquidity sweeps happen when the price briefly moves into areas with large clusters of stop-loss orders. This can flush out excess leverage before a new trend begins.
If buyers step in after that move and overall sentiment improves, XRP could be positioned for a stronger recovery.
The Case for Deeper Bear Markets Notably, XRP is down about 69% from its July 2025 peak of $3.66. While significant, this decline is milder than past bear markets, which saw drops of 85%–96%, such as in the 2013–2014 and 2018–2020 cycles.
If XRP matched its worst historical drop (96%), the price could fall near $0.15, about 87% below current levels. Ali Martinez recently floated this target as a possibility, which would place XRP at a level last seen in 2017.
Regardless of how low the coin may go, many believe buying XRP under $1 offers significant opportunity for the next bull run.
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.
The push to bring native lending capabilities to the XRP Ledger (XRPL) has gained another significant endorsement from a major ecosystem participant.
In a recent update, crypto trading platform XPMarket confirmed that it voted Yes on the proposed XLS-65 and XLS-66 amendments, adding further momentum to one of the network’s most ambitious DeFi upgrades.
The vote reflects growing support for transforming the XRP Ledger (XRPL) into a more comprehensive decentralized finance ecosystem by introducing lending, yield generation, and credit markets directly on-chain without relying on external smart contract platforms.
“The future of XRPL DeFi is being built, and we’re proud to back it,” XPMarket said in a statement.
XPMarket Backs Native Lending on XRPL According to XPMarket, the two amendments would introduce Single Asset Vaults and an on-ledger lending protocol that operates natively within the XRP Ledger.
Under the proposal, users would deposit a single asset, such as XRP or RLUSD, into shared liquidity vaults. The protocol would then lend those pooled assets to borrowers, enabling depositors to earn yield while providing borrowers with access to fixed-term credit facilities.
Unlike most decentralized lending platforms that operate through smart contracts on external chains, the proposed system would settle transactions directly on XRPL. As a result, the network could support lending and credit markets without depending on third-party protocols or external smart contract infrastructure.
Builder Activity Around XRPL Lending Accelerates XPMarket’s endorsement comes as developer and builder interest in lending applications on the XRP Ledger continues to grow. The upgrade has improved amendment security and governance, which has strengthened confidence in the proposals and encouraged broader ecosystem participation.
Developers are also positioning the upcoming native lending functionality as one of the most rigorously tested upgrades in XRPL history. According to reports, developers incorporated lessons learned from previous network upgrades while designing the new lending framework.
RippleX Head of Engineering J. Ayo Akinyele recently reinforced that position, stating that both the Lending Protocol and Single Asset Vault were developed using a security-first framework.
Over the past year, the amendments have undergone multiple independent security audits alongside a large-scale Immunefi Attackathon. The initiative attracted 131 security researchers and generated 455 submissions, including 94 validated findings.
Researchers identified issues ranging from critical vulnerabilities to informational observations. Interestingly, developers addressed all validated findings before advancing to additional testing phases.
Institutions Prepare for Integration As confidence in the amendments continues to grow, several institutions have already begun preparing for potential integrations. According to RippleX, organizations including Evernorth, SOIL, and VS1.Finance is actively exploring ways to integrate with the upcoming lending infrastructure.
SOIL is gearing up to be the first application using the XRPL Lending Protocol and SAV.
The XLS-65 and 66 unlock a new generation of lending and yield products natively on XRPL, and we’d love to see them activated as soon as possible.
Below is a sneak peek. More coming soon. pic.twitter.com/E89EZrgEBK
— Soil (@soil_farm) June 23, 2026
Their early involvement highlights increasing institutional interest in native XRPL credit markets and suggests that demand for on-ledger lending products could already be forming ahead of deployment.
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.
Ripple CEO Brad Garlinghouse said he remains bullish on bitcoin but argued that Michael Saylor’s preferred-share funding model for buying the token has hurt the broader crypto market.Garlinghouse criticized Strategy’s STRC preferred stock, which carries an 11.5% dividend and is designed to trade near $100, as a “damning indictment” of the strategy after it fell about 25% below par to a record low.The pressure on Strategy’s model has intensified as bitcoin slipped below $59,000.Ripple CEO Brad Garlinghouse said he remains bullish on bitcoin but that Michael Saylor's approach to funding bitcoin purchases has damaged the broader crypto market, in a CNBC interview on Friday, as the preferred stock at the center of Strategy's model fell to a record low.
"Financial engineering does not drive long-term value," Garlinghouse said, arguing that the lasting value of any digital asset comes from its usefulness. "Team Michael Saylor wasn't focused on the right stuff and that has hurt the overall market."
He separated that from his view on the asset itself, saying he is still bullish on bitcoin.
Garlinghouse's target was the machine Strategy has used to accumulate bitcoin. For about a year, the company has issued preferred shares, a class of stock that pays a fixed dividend, to raise cash for more bitcoin.
Its STRC share carries an 11.5% annual dividend and is engineered to trade near $100. Garlinghouse pointed to STRC trading about 25% below that level as a "damning indictment" of the strategy.
The stock hit a record low on Thursday, falling as much as 26% below par, while Strategy's common stock dropped to its lowest since February 2024 and closed around $82 on Friday, all as bitcoin fell below $59,000.
The criticism lands on a week of mounting pressure on the model.
CryptoQuant said in a report that Strategy should pause its bitcoin buying and rebuild its cash reserves, noting the cushion behind STRC's dividends has thinned from more than seven years of coverage to about 14 months. When STRC trades below $100, Strategy's engine for issuing shares and buying bitcoin stalls, which is why the company has paused it.
Benchmark-StoneX analyst Mark Palmer argued that Strategy's funding engine has become "less efficient" rather than broken, and rejected comparisons between STRC and assets that have collapsed outright.
12345678910
Equities on Crypto Rails: A Platform Comparison
Equities on Crypto Rails: A Platform Comparison
US equities on crypto rails: access is easy, on-chain composability is the real test. Only Binance and Backpack deliver both - and only Binance at scale.
Jun 26, 2026
US equities on crypto rails: access is easy, on-chain composability is the real test. Only Binance and Backpack deliver both - and only Binance at scale.
Why it matters:
US equities on crypto rails: access is easy, on-chain composability is the real test. Only Binance and Backpack deliver both - and only Binance at scale.
The 90-day moving average for the XRP Profit/Loss Ratio has dropped to lows the market last saw during the 2022 bear cycle.
This comes as XRP witnesses deeper declines alongside the rest of the crypto market. Specifically, the price collapsed to a new yearly low of $1.0079, dangerously close to losing the $1 psychological mark. Despite recovering to $1.05 at press time, XRP is still down 8% in the past week.
XRP Realized P/L Ratio Hits 2022 Bear Market Lows According to data provided by market intelligence resource Glassnode, this sustained price decline has now pushed the 90-day moving average (MA) for the XRP Profit/Loss Ratio to 0.33, a low the asset last recorded in August 2022, during one of its most devastating bear markets.
For context, the Realized Profit/Loss Ratio compares the total value of coins sold at a gain with those sold at a loss over a specific period. A reading above 1 shows that profits outweigh losses, while a reading below 1 indicates that losses exceed profits.
The 0.33 reading indicates that, among investors who are actively selling, losses significantly outweigh profits. Specifically, for every $1 in losses that investors realize, only $0.38 in profits is being taken. Notably, this does not refer to total selling volume, but to the balance between profitable and unprofitable transactions.
XRP Realized Profit/Loss Ratio | Glassnode Each new drop in the ratio shows that more investors are exiting their positions at a loss, and profit-takers no longer generate enough gains to balance out those losses.
Historical Data Interestingly, despite the ongoing downtrend triggering severe declines as far back as October 2025, the XRP Profit/Loss Ratio did not slip below the 1 baseline until April 2026, as XRP struggled around the $1.3 to $1.4 price level.
By early June, the ratio had collapsed to 0.38, seeing a steep crash after April. XRP has since given up the $1.3 to $1.4 price range, retracing to retest the $1 psychological level. This downward price action pushed the Profit/Loss Ratio to the current reading of 0.33.
During the 2022 bear market, this metric did not slip below 1 until after the Terra ecosystem collapse in May, which led to losses across the crypto market. After reaching 0.33, the metric continued to decline, hitting a low below 0.2, as XRP’s price dropped to $0.31 by June 2022.
While multiple XRP community members believe the recent reading may point to a potential bottom, it is important to note that XRP remained under pressure for months even after the ratio dropped below 1 in 2022. Notably, it wasn’t until September 2022 that the metric recovered above 1, and a full-blown rally only emerged in November 2024.
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.
XRP and Bitcoin could be revisiting their 2024 lows in the coming days as the bear market bites on.
In a CNBC interview on Friday, Fairlead Strategies founder Katie Stockton argued Bitcoin could fall to the low $40,000 range if the current support level breaks. This potential BTC fall could weigh heavily on the broader market, including altcoins like XRP.
Notably, Stockton remains bullish on Bitcoin over the long term. However, she stressed that losing current support could trigger another wave of selling.
CNBC’s Katie Stockton Sees Risk of a Deeper Pullback Speaking on CNBC, Stockton said the $59,000-$60,000 area remains a critical support zone. Bitcoin has tested this range several times in recent weeks.
She noted that Bitcoin’s price has already fallen about 30% after being rejected at its 200-day moving average, which continues to act as strong resistance. If the current Fibonacci retracement support fails, the next major technical support sits in the “low $40,000s,” she said.
Despite the near-term bearish outlook, Stockton said she remains a “very, very long-term” Bitcoin bull. She added that Bitcoin is now in a long-term oversold condition, which has historically been followed by price stabilization and strong relief rallies.
How Far Could XRP Fall? At the time of writing, Bitcoin is trading around $60,270, while XRP is changing hands near $1.06. A drop from around $60,000 to the low $40,000s would represent a decline of roughly 30% to 33% for Bitcoin.
Historically, XRP has amplified Bitcoin’s losses during market-wide sell-offs due to its higher volatility. If XRP simply matches Bitcoin’s percentage decline, its price could fall to around $0.71-$0.74.
However, XRP’s price has sometimes dropped 1.3 to 1.5 times more than Bitcoin during major capitulation events. If that pattern repeats, XRP could retreat to the $0.55-$0.65 range. That would bring it back into the psychologically important $0.50 zone. Notably, XRP last traded at this level in 2024.
Meanwhile, a more conservative view suggests XRP could fall into the $0.70-$0.95 range if Bitcoin reaches the low $40,000s. In a more severe market capitulation, historical price relationships suggest XRP could briefly test the $0.40 region.
XRP May Not Follow Bitcoin Exactly While XRP generally moves in the same direction as Bitcoin, the relationship is not always consistent. XRP’s correlation with Bitcoin has historically been weaker than that of some other large altcoins.
This means XRP can sometimes outperform or underperform Bitcoin, especially when XRP-specific developments drive the market.
As a result, a Bitcoin drop into the low $40,000s would increase downside risk for XRP. Yet the magnitude of any decline would depend on overall market sentiment and XRP-specific catalysts.
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.
XRP has regained strength following its recent sharp pullback, with analysts tracking technical indicators noting a notable rebound in the price outlook. Market observers highlight the emergence of a double bottom formation in the asset, which could pave the way for a new bullish trend.
Double bottom pattern stands out in technical outlookAnalyst Crypto With Gopal emphasized that buyers have strongly defended a key support area, suggesting that downward pressure is beginning to weaken. The repeated recovery of the price from lower levels is seen as a sign that accumulation is quietly picking up.
In technical analysis, a double bottom pattern is considered a bullish reversal structure. This formation occurs when an asset tests the same support level twice without falling further, indicating that sellers are losing control and buyers are gaining confidence.
XRP’s repeated bounces from recent lows indicate that the current price range is attracting investor interest. This pattern suggests that some market participants view the latest drop not as the start of a deeper correction, but as a buying opportunity.
During the most recent correction, Crypto With Gopal observed that buyers continued to counteract selling pressure, preventing XRP from setting new lows and raising expectations for a larger price movement.
Why is the $1.10 level under close watch?In the short term, the $1.10 threshold has become the focal point for the market. According to CoinCodex data, XRP is trading at $1.06, positioned just below this strong resistance region. Whether XRP can break above $1.10 is seen as a key indicator for its next move.
Analysts warn that a brief move above resistance may not be sufficient. A convincing breakout above $1.10, bolstered by significant trading volume, is needed to confirm the double bottom formation. Rising volume in technical analysis often signals firm buying interest rather than fleeting attention.
If XRP can overcome the resistance with substantial trading activity, investors may begin to target higher price levels. Conversely, a rejection near $1.10 could see XRP remain in a sideways range for some time, as the market waits for clearer momentum to develop.
Long-term expectations back in focusThe strengthening technical setup has reignited discussions around XRP’s long-term potential. Some analysts believe the current consolidation could lay the groundwork for a larger rally. In this scenario, a confirmed breakout might support projections for XRP to approach the $4 region over time.
However, analysts caution that a sustained rally will require more than just technical patterns. Continued buying appetite, improved market sentiment, supportive macroeconomic conditions, and broader adoption of crypto assets are viewed as key drivers for the strength of any potential uptrend.
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.
Key Takeaways XRP currently changes hands at $1.05, experiencing an 8% decline over the last seven days and a 43% drop year-to-date in 2026 Open interest climbed 1.13% to reach $2.37 billion despite downward price movement, while funding rates shifted into negative territory Ripple’s latest report reveals tokenised real-world assets on XRP Ledger surged 2,260%, expanding from $5M to $118M Crypto analyst Ali Martinez identified $1.06 as crucial support, warning that failure could trigger drops to $0.80, $0.62, or $0.51 XRP continues trading beneath both 100-day and 200-day moving averages, facing initial resistance at $1.10 XRP is currently valued at approximately $1.05 following a 2.45% uptick during the last 24-hour period. However, this minor recovery doesn’t offset the broader downward trend, with the digital asset losing 8% across the previous week and plummeting 43% since the beginning of January 2026.
XRP Price The cryptocurrency reached its peak at $3.65 during July 2025. Today’s valuation represents approximately a 71% decline from that all-time high.
The asset has successfully maintained its position above the psychologically important $1.00 threshold, which market observers identify as a critical support zone. Current daily trading activity hovers around $2.47 billion.
Leveraged Positions Expand as Prices Contract XRP’s open interest experienced a 1.13% increase over the past 24 hours, now standing at $2.37 billion. This metric indicates market participants continue establishing new leveraged contracts despite the asset’s downward trajectory.
Source: Coinglass Funding rates have transitioned into negative territory. Within perpetual futures trading, this development signals that short position holders are compensating long position holders to maintain their contracts — suggesting bearish sentiment has gained control.
Options open interest contracted by 67% to $21.66 million, whereas options trading volume expanded 16% to reach $5.4 million.
Cryptocurrency analyst Ali Martinez highlighted that XRP is currently challenging a significant volume cluster at $1.06. Blockchain data derived from the UTXO Realized Price Distribution reveals that more than 830 million XRP tokens were exchanged at this price point, establishing it as a heavily monitored support threshold. Martinez identified subsequent critical support zones should this level fail to hold: $0.80 where 923 million XRP transacted, $0.62 hosting 1.16 billion XRP, and $0.51 containing 1.06 billion XRP.
XRP: KEY SUPPORT LEVELS$XRP is testing a major volume block at $1.06. On-chain data from the UTXO Realized Price Distribution (URPD) shows that over 830 million XRP changed hands at this exact price, making it a key support line to watch.
If the market drops below this level,… pic.twitter.com/BlRSZzg1BB
— Ali Charts (@alicharts) June 26, 2026
Several market commentators have suggested a potential decline to $0.95 before any meaningful recovery materializes. Martinez has also referenced an extreme downside scenario approaching $0.15, a price level not witnessed since 2017, should XRP replicate its historical maximum drawdown of 96%.
Ripple Reveals 2,260% Expansion in Tokenised Asset Ecosystem Regarding fundamental developments, Ripple released analysis demonstrating that tokenised real-world assets operating on the XRP Ledger expanded from approximately $5 million at 2025’s outset to surpass $118 million. This represents an extraordinary increase of roughly 2,260%.
These tokenised holdings encompass digital representations of US Treasury securities, various commodities, and real estate properties. Ripple compiled this assessment in collaboration with Token Relations.
XRP continues trading below both its 100-day and 200-day moving averages, with these technical indicators functioning as overhead resistance barriers. The Relative Strength Index approaches oversold conditions. The $1.10 price point represents the initial significant resistance zone above current trading levels.
Analyzing the XRP/BTC trading pair, the token is testing support around 1,700 satoshis. Market technicians identify 1,500 satoshis as the subsequent downside target, with resistance anticipated between 1,850 and 2,000 satoshis during any potential rebound scenario.
The company highlighted its most significant achievements for 2025.
Blockchain payments company Ripple has released its 2025 Annual Impact Report, detailing support for education, financial inclusion, sustainability, and humanitarian programs. Since 2018, the company has donated more than $250 million, including over $70 million contributed in 2025.
The report also highlighted how Ripple’s blockchain tools, including the XRP Ledger and the RLUSD stablecoin, supported projects focused on economic opportunity and financial access. These efforts included programs in emerging markets, microfinance, and humanitarian aid through partnerships with nonprofit organizations.
Ripple Expands Its Global Impact Ripple committed $25 million in RLUSD to support underserved U.S. small business owners and career programs for military veterans. The company also helped partners deploy $53.6 million and supported nearly 12,000 water and sanitation loans through Water.org.
Several non-profit partners described Ripple’s funding as long-term support rather than one-time donations. The International Rescue Committee also continued exploring stablecoins as a tool for delivering faster cash assistance during humanitarian emergencies.
The report also outlined Ripple’s support for blockchain research and education through its University Blockchain Research Initiative. Now in its seventh year, the program spans 62 universities, has awarded $74 million since 2018, and supported 198 XRPL projects in 2025.
Research funded through the initiative covered stablecoins, tokenized real-world assets, decentralized finance infrastructure, cryptographic security, interoperability, artificial intelligence governance, and blockchain applications. Some projects focused on quantum-resistant improvements for the XRP Ledger, privacy technologies, and tools to detect price manipulation in decentralized finance markets.
Progress Across Climate and Community Initiatives Ripple’s report highlighted its environmental efforts through blockchain-based climate projects. The company said it has invested $31 million in climate initiatives and retired 1,000 tonnes of carbon dioxide equivalent through sustainable aviation fuel credits in 2025. It also plans to retire 93,000 tonnes by 2030.
You may also like: XRP’s Slide to Sub-$1.00 Could Set Up ‘Risk-Reward’ Zone: Analyst XRP Selling Pressure Intensifies as Profit-to-Loss Ratio Reaches Multi-Year Low Major Ripple (XRP) Adoption News for Users in Japan: Details Beyond environmental initiatives, Ripple said employee participation reached its highest level since the program began. About 80% of employees joined volunteering and donation efforts, supporting 544 nonprofit organizations while raising $550,000 for charitable causes.
Alongside these social and environmental efforts, Ripple highlighted broader blockchain adoption through its programs. The firm said active users increased 37% and transactions rose 113% year over year. Tokenized real-world assets on the XRP Ledger expanded from $24.7 million to $568 million during 2025, while total network transactions surpassed 3.8 billion.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Ripple CEO Brad Garlinghouse recently joined CNBC's "Squawk on the Street" to discuss Bitcoin, touching on its rough year, utility, Strategy's Bitcoin buying strategy, and Ripple's progress in the last year.
The Ripple CEO highlighted an ongoing crypto cycle, saying, "As we have seen, crypto is going to go through its cycles. Many asset classes do that."
According to Garlinghouse, Michael Saylor's approach to funding Bitcoin purchases definitely started something. He believes the challenge is that while it added some excitement on the way up, it is now compounding on the way down as well.
HOT Stories
The Ripple CEO highlighted the priority being on what drives long-term value: "I actually think what should come first is focusing on what's going to drive long-term value. I think that financial engineering does not drive long-term value."
You Might Also Like
The Ripple CEO reiterated his longstanding view that the long-term value of any digital asset will be driven by utility. "If it's solving a problem at scale for real customers, you're going to see liquidity, you're going to see demand, you're going to see trust in that asset. Those things compound in a positive way," he stated.
Garlinghouse says he is bullish on Bitcoin, aligning with Warren Buffett's quote: "Be fearful when others are greedy, and be greedy when others are fearful." "Now is the time, I think, to be greedy," he added.
The Ripple CEO criticized Michael Saylor's Bitcoin buying strategy. "I think team Michael Saylor wasn't focused on the right stuff, and that has hurt the overall market." His comments come as the preferred stock at the center of Strategy's model fell to a record low.
Bitcoin is digital goldWhen asked about the current utility of Bitcoin, Garlinghouse stated that it has clearly carved out a place as "digital gold." He mentioned a widely recounted anecdote about the Central Bank of Germany transporting 300 tons of gold, which took two years and billions of dollars to move.
You Might Also Like
This case differs from Bitcoin. "If you wanted to move $300 billion of Bitcoin, you could do that in a pretty reasonable, quick way," Garlinghouse stated.
In this regard, Ripple's CEO highlighted a focus on XRP, the company's north star. He further stated that "the utility there is really focused on payments and leveraging the speed and efficiency of that blockchain in a way for institutions."
Ripple is currently seeing tremendous demand, according to Garlinghouse. Last year, partly through acquisitions, Ripple cleared $16 trillion in payments through its prime brokerage business, and the percentage of that which went through a digital asset was close to 0%. The opportunity is to introduce and bring in traditional finance, the Ripple CEO stated.
The XRP UTXO Realized Price Distribution metric has identified XRP’s most potent support below $1, where 1.16 billion XRP transacted.
The ongoing crypto market downturn has lingered into its ninth month, and XRP remains one of the biggest victims, having collapsed by more than 71% from its all-time high of $3.66. With XRP now trading for $1.04, investors continue to assess where it could finally find its bottom.
Interestingly, data from the UTXO Realized Price Distribution (URPD) indicator reveals important price levels below $1 traders should watch for possible support, with the strongest support sitting at $0.62, where up to 1.16 billion XRP transacted.
Next XRP Support Level Below $1 For context, this UTXO Realized Price Distribution (URPD) shows how much of XRP’s supply last moved at different price levels, indicating where holders bought their coins. It highlights price zones with heavy accumulation by grouping these “realized prices” into bands.
Areas with large concentrations of coins often act as support, because many holders are in profit or near breakeven there and are less likely to sell, while buyers may step in again. As a result, the URPD metric helps to spot strong historical demand zones where the price is more likely to stabilize or bounce.
Now, with XRP already retesting the $1 psychological mark, some market participants expect a potential breakdown below this mark. Should this play out, the URPD suggests that the next important support area for XRP could sit at the $0.80 price level, where 923 million XRP transacted.
Interestingly, multiple market analysts have long identified the $0.8 area as a potential magnet for XRP, suggesting that the price could gravitate toward this area. However, these analysts believe the $0.8 level could act as XRP’s bottom for the ongoing downtrend.
XRP UTXO Realized Price Distribution Metric Why the $0.62 Area is Important Meanwhile, below $0.8 lies a massive volume block around $0.62. The last time XRP saw the $0.62 level was in November 2024 during its meteoric upsurge from $0.5 on the back of the Donald Trump-led market rally.
This explains the large volume block, as most investors entered the market at this time to take advantage of the upsurge. Data shows that XRP features a transaction volume of 1.16 billion tokens at this price level, making it the largest volume block below $1.
This area is important because most of the investors who bought at this level are less likely to sell off their assets, solidifying it as a potent support area. At the same time, buyers could again regard the area as another good entry point, leading to increased buying pressure and a potential rebound push.
Meanwhile, The Crypto Basic confirmed in an earlier report that most of the XRP investor base is witnessing severe losses, as the Realized Profit/Loss Ratio hits lows last seen during the 2022 bear market. Should XRP collapse further to $0.62, this metric will likely slump to the lowest levels from 2022, potentially culminating in the cycle bottom.
Below $0.62, XRP faces another substantial volume block involving 1.06 billion transacted at $0.51. This likely reflects the buying pressure XRP witnessed at the early stages of the November 2024 rally.
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.
A viral social media post has stirred discussion about XRP as an investment as a one-year price chart showed the token’s steep decline.
Specifically, one investor joked that “nobody new to crypto would buy XRP if they zoomed out.”
The chart showed XRP trading at around $1.02 after falling more than 53% over the previous year. The view suggests that while many see XRP’s low price as a buying opportunity, zooming out to a longer timeframe may discourage investors considering the massive drawdown.
Notably, XRP has posted a modest recovery. It now trades at around $1.05, up about 2.5% over the past 24 hours. Despite the bounce, the token is still down 8% over the past week, 18% over the past month, and roughly 43% year-to-date.
XRP Yearly Chart CoinMarketCap XRP Isn’t the Only Token Under Pressure Although XRP has become the focus of criticism, the broader crypto market has also suffered major losses.
Bitcoin currently trades at around $60,365, down about 43% over the past year. It has also fallen 5.4% over the past week, 18% over the past month, and 34% year-to-date.
This suggests XRP’s decline has occurred alongside a broader market correction rather than in isolation. Even so, XRP has underperformed Bitcoin across several timeframes.
How Much Could XRP Holders Be Down? Investors who bought XRP before the decline may be sitting on significant unrealized losses. With XRP falling about 53% over the past year:
Holdings Value at ~$3.66 (July 2025) Value at ~$2.24 Value at $1.05 Today Unrealized Loss 1,000 XRP $3,660 $2,240 $1,050 -$1,190 10,000 XRP $36,600 $22,400 $10,500 -$11,900 Notably, these figures are estimates based on the approximate one-year decline. Actual gains or losses depend on each investor’s purchase price.
What If Someone Bought XRP Today? Meanwhile, someone purchasing XRP at around $1.05 today would have a different risk-reward profile if the token eventually returns to previous resistance levels.
XRP Price Target Gain Per XRP Profit on 1,000 XRP Profit on 10,000 XRP $2.00 $0.95 $950 $9,500 $3.00 $1.95 $1,950 $19,500 $5.00 $3.95 $3,950 $39,500 $10.00 $8.95 $8,950 $89,500 However, these scenarios remain hypothetical and assume XRP rebounds significantly in the future. For now, the bear market continues, and many analysts expect prices to decline further.
Even so, many XRP supporters argue that major corrections have historically been followed by strong recoveries across the crypto market. Bulls remain hopeful that future catalysts could push XRP back above key psychological levels such as $2 and $3.
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.
Ripple CEO Brad Garlinghouse criticized Strategy Chairman Michael Saylor’s method of financing Bitcoin purchases. Garlinghouse stated that financial engineering will not create long-term value in digital assets, arguing that the true value of crypto assets should be based on use cases and utility.
Speaking to CNBC, Garlinghouse targeted Strategy, led by Saylor, for resorting to financial instruments like preferred stock to continue its Bitcoin purchases. The Ripple CEO stated, “Financial engineering doesn’t create long-term value. The long-term value of any digital asset is determined by its use case.”
Garlinghouse considered the fact that Strategy’s STRC preferred shares were trading approximately 25 percent below their nominal value of $100 as an indicator of problems in the company’s strategy. STRC shares carry an annual cumulative dividend obligation of 11.5 percent and are used by Strategy to finance additional Bitcoin purchases.
Ripple’s CEO argued that this approach had negative consequences not only for Strategy but also for the overall crypto market. Garlinghouse stated, “Michael Saylor’s team didn’t focus on the right things, and this harmed the overall market.” However, Garlinghouse added that he remains optimistic about Bitcoin in the long term.
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
The broader crypto ETF market has continued to bleed for several weeks, but XRP remains moving in the opposite direction, outpacing other major ETF products in both daily and weekly performance.
According to the latest data showcased by SosoValue, XRP has posted its strongest weekly ETF inflow for the month as of June 26, 2026, as investors show rising interest.
XRP hits 8-week steady inflow streakThe data provided by the source shows that XRP has attracted a total of $22.99 million in inflows, marking the highest weekly influx of new capital for June.
HOT Stories
While the funds have been posting consistent inflows for the past eight weeks, this is the highest inflow the XRP ETFs have posted in the past six weeks.
Considering the sharp rise in ETF inflows amid the prolonged streak of positive performances, it appears that institutional investors are beginning to show heightened confidence in XRP despite the intensifying market uncertainties.
Institutions choose XRP over Bitcoin again Apart from the surge in inflows attracted by the XRP ETFs, their consistent dominance over other crypto ETF products, especially Bitcoin and Ethereum, has continued to draw attention from market participants.
It appears that institutional investors are beginning to look beyond the largest crypto assets and are more willing to venture their funds into XRP-based investment products instead.
Although it is important to note that one strong week does not automatically signal a long-term trend, XRP's dominance over Bitcoin and Ethereum has remained for seven consecutive weeks, positioning it as a major player in the ETF market.
While XRP just saw its highest weekly inflow in about six weeks, Bitcoin has just posted its biggest outflow ever of $1.79 billion.
XRP price rose 4% over the past 24 hours, reaching $1.06 as buyers defended the key $1.00 zone. The transfer came after newfound confidence in Ripple due to regulatory advances in Europe.
The EU’s MiCA framework gave Ripple the EU stamp of approval, which brings more confidence to institutional market participants
The rebound also followed the price of XRP trading near oversold conditions. As general sentiment turned more positive for major cryptocurrencies, that level attracted dip buyers. Bitcoin price is up 1.99% to $60,326 in 24h, closely tracking a 2.04% rise in the total crypto market cap.
Ripple CEO Questions Saylor’s Bitcoin Strategy Brad Garlinghouse, the Chief Executive Officer of Ripple, has written a rebuttal to Michael Saylor’s Bitcoin accumulation strategy, arguing that “crypto has to be more than balance-sheet tactics.”
In the recent CNBC interview, Garlinghouse stated that “financial engineering has no ability to create long-term value for the industry.” He stated that the real needs are products, payments and networks that people can use.
@bgarlinghouse just went on @CNBC and said what nobody in Bitcoin wanted to hear 👀@Strategy ‘s “financial engineering” buying model? He called it unsustainable and said it’s actively hurting the market
Utility wins long-term. Every time. $XRP $BTC pic.twitter.com/R672Em8AGt
— Xaif Crypto (@Xaif_Crypto) June 27, 2026
Garlinghouse was positive about Bitcoin’s future in the market. “Still, Strategy’s funding model could have taken focus away from adoption in practice.” He pointed to STRC shares trading about 25% below par as a sign of stress.
Despite the market pressure, Strategy has been continuing to purchase Bitcoin. However, Bitcoin has been coming close to $58,000 recently, again attracting investor attention to leverage and funding risks.
Borrowing additional capital to acquire additional bitcoins isn’t creating sustainable crypto value, Garlinghouse said.
XRP ETF Inflows Rise as Total Assets Reach $934.26M XRP spot ETFs recorded $15.63 million in daily net inflows on June 26. Total net assets were valued at $934.26 million, whereas XRP’s price was around $1.05. Bitwise had the largest inflow of $11.66 million.
Source: Sosovalue data SoSoValue data shows Franklin’s XRPZ next at $3.97 million. Canary, 21Shares, and Grayscale reported no daily inflows. Bitwise also had the biggest net assets of $293.49 million. XRPZ and Canary followed with $235.20 million and $234.97 million, respectively.
XRP Price Holds Above $1.05, Is a Breakout Coming Soon? The XRP price on the four-hour chart remained in a mild recovery mode within a bull market channel, trading at $1.0631.
The token moved higher on the $1.05 level, and buyers were still holding on to the broader $1.00 support area.
That base is still significant as a breakdown there would place XRP on another test near $1.00. The initial upside resistance level comes in at $1.10, with the latest resistance range clearly marked.
A break above $1.10 would pave the way to $1.15 on the next session. The price of XRP could continue to rally upwards to the $1.20 resistance area.
Source: XRP/USDT 4-hour chart: Tradingview The RSI at 46.71 is a sign of improving momentum, but bulls have yet to dominate the situation.
The MACD is also recovering, and the bearish pressure has eased off the short term bounce. But losing $1.05 could ruin the scenario and stall the breakout move.
