Kripto para piyasası, hafta boyunca yaşanan sert satış baskısının ardından hafta sonuna toparlanma sinyalleriyle giriş yaptı. Bitcoin (BTC), hafta içinde 58 bin dolara kadar gerileyerek son ayların en düşük seviyelerini test etmesinin ardından yeniden 60 bin doların üzerine çıkmayı başardı. Piyasadaki toparlanmaya öncülük eden varlıklardan biri olan Solana (SOL) ise güçlü alımlarla 70 dolar seviyesini aşarak yatırımcıların dikkatini çekti. Ethereum (ETH) ve XRP başta olmak üzere birçok büyük altcoinde de sınırlı da olsa yükselişler görülürken, son satış dalgasında önemli ölçüde değer kaybeden kripto para piyasasının toplam değeri yaklaşık 80 milyar dolar artarak yeniden 2,17 trilyon dolar seviyesine yükseldi.
Bitcoin 60 Bin Dolar İçin Mücadele Veriyor Bitcoin, haftaya güçlü bir başlangıç yaparak 65.500 dolara kadar yükselse de bu seviyelerde kalıcı olamadı. Satış baskısının artmasıyla birlikte fiyat önce 62 bin dolar, ardından 59 bin dolar seviyelerine kadar geriledi. Hafta içerisinde yaşanan son satış dalgasında BTC, 2024 sonlarından bu yana ilk kez 58 bin dolar seviyesini test etti. Analistler, bu düşüşte özellikle Strategy hisselerinde yaşanan sert değer kaybı ve genel piyasa risk iştahındaki zayıflamanın etkili olduğunu belirtiyor. Buna rağmen Bitcoin, hafta sonuna doğru yeniden toparlanarak 60 bin doların üzerine çıktı. Ancak uzmanlar, bu seviyenin kalıcı olarak aşılmasının kısa vadeli görünüm açısından kritik önem taşıdığına dikkat çekiyor.
Analistler: “60 bin dolar seviyesi Bitcoin için hem teknik hem de psikolojik açıdan en önemli direnç bölgelerinden biri olmaya devam ediyor.”
İlginizi Çekebilir: Ethereum’da Kritik Eşik: Her Şeyi Değiştirebilir!
Altcoin piyasasında ise toparlanma eğilimi dikkat çekiyor. Ethereum (ETH), hafta içinde gördüğü 1.510 dolar seviyesinden yükselerek yeniden 1.600 dolar bandına yaklaşırken, XRP ise yüzde 2’lik yükselişle 1,05 dolar seviyesinin üzerine çıktı. Günün en dikkat çeken büyük altcoini ise Solana (SOL) oldu. SOL fiyatı güçlü alımlarla 72 doların üzerine çıkarak büyük piyasa değerine sahip kripto paralar arasında en iyi performansı gösterdi. Öte yandan AAVE, çift haneli yükselişle 95 doların üzerine çıkarken, AVAX ve MORPHO da günün en fazla değer kazanan altcoin’leri arasında yer aldı.
Kripto Piyasasında Toparlanma Devam Edecek mi? Toplam kripto para piyasasının değeri son düşüşün ardından yaklaşık 80 milyar dolar artarak yeniden 2,17 trilyon dolar seviyesine yükseldi. Buna karşın Bitcoin’in piyasa hakimiyeti yüzde 56’nın altında kalmayı sürdürüyor. Analistler, hafta sonunda yatırımcıların özellikle Bitcoin’in 60 bin dolar seviyesindeki performansını ve Solana başta olmak üzere büyük altcoin’lerdeki yükselişin devam edip etmeyeceğini yakından izleyeceğini belirtiyor. Küresel makroekonomik gelişmeler ve jeopolitik riskler ise kısa vadede kripto para piyasasının yönü üzerinde etkili olmaya devam edebilir.
Değerlendirme Kripto para piyasası, hafta içinde yaşanan sert satışların ardından yeniden toparlanma sinyalleri veriyor. Bitcoin’in 60 bin doların üzerine çıkması, yatırımcı güveni açısından olumlu değerlendirilirken, Solana’nın 70 doların üzerindeki performansı altcoin piyasasına da destek sağladı. Ancak uzmanlar, yükselişin kalıcı olabilmesi için Bitcoin’in kritik direnç seviyelerini aşması ve piyasa genelinde işlem hacminin güçlenmesi gerektiğini vurguluyor.
Son dakika kripto para haberleri için hemen tıkla
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Trading activity across the decentralized finance (DeFi) ecosystem on Shiba Inu’s L2 blockchain, Shibarium, has disappeared, as DEX volume currently sits at zero.
At press time, Shibarium DEX volume stood at zero, according to data from DeFiLlama, reflecting extremely weak on-chain participation.
Zero Trades Since June 23 Decentralized exchanges operating on Shibarium, including WoofSwap and ShibaSwap, have recorded no trading activity since June 23. The last recorded DEX transaction on the network occurred on June 22, when traders exchanged just $60 worth of assets.
Furthermore, throughout most of June, daily trading volumes on these platforms remained below $100, underscoring the lack of activity across the ecosystem. The slowdown highlights Shibarium’s struggle to attract meaningful DeFi adoption since its launch.
Shibarium DEX Volumes Dwindling DEX Activity After the mainnet went live in August 2023, the network initially showed encouraging signs of growth. DEX volume reached $6,800 in October 2024 before climbing to $54,000 in December 2024.
However, activity weakened in the following months. Although the development team attempted to revive optimism by promising faster ecosystem growth and higher DEX participation, trading activity continued to decline.
Shibarium briefly recovered in September 2025, when DEX volume rose to $47,000, before reaching a cycle peak of $86,000 in December 2025. Since then, trading activity has entered a prolonged decline, with many days registering no transactions at all across Shibarium-based DEXes.
Since October 2024, Shibarium’s decentralized exchanges have processed a cumulative $2.66 million in trading volume. That figure remains lower than the amount of DEX volume established networks such as Ethereum and Solana regularly process in a single day.
One major reason behind the weak on-chain metrics is that most trading involving Shiba Inu ecosystem tokens still occurs on centralized exchanges rather than on Shibarium’s native applications.
At press time, SHIB generated $56.4 million in 24-hour trading volume, with most transactions taking place on centralized platforms such as Binance and Coinbase.
Total Value Locked Remains Modest Despite weak trading activity, Shibarium’s total value locked (TVL) currently stands at $21,495, representing a 1.89% increase over the past 24 hours. While the increase suggests some capital remains within the ecosystem, the figure remains modest compared to competing DeFi networks.
Meanwhile, overall network usage continues to weaken. Shibarium currently processes only 889 daily transactions, with smart contract interactions accounting for most of that activity. The trend suggests that user engagement across the network remains limited and that DeFi adoption on Shibarium has yet to gain meaningful traction.
Shibarium Daily Transaction 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.
Shiba Inu has dropped to lows the market last saw before the May 2021 rally, with prices now gravitating toward key floor levels.
The broader crypto market downtrend has dealt a blow to Shiba Inu (SHIB), as it records steeper declines than most of the market due to its volatility as a meme coin. SHIB has collapsed more than 38% this year alone, after posting a massive 67% loss last year.
Amid the ongoing downturn, which has pushed Shiba Inu to lows last witnessed before the May 2021 rally, chart data has highlighted important areas of interest that investors should watch out for should the market rout persist.
Shiba Inu Hits 5-Year Low After recovering alongside the crypto market to $0.00000520 in mid-June, Shiba Inu faced a roadblock at this high, leading to a massive pullback. Over the 10-day period from June 16 to 25, SHIB recorded nine intraday losses and traded flat on June 22.
During this period, the meme coin dropped to a local bottom of $0.00000404 by June 25, which culminated in a 20% decline. Interestingly, this $0.00000404 price marked a 5-year low for Shiba Inu, as the asset last saw this area during the historic rally in May 2021.
SHIB Crashes to 2021 Lows Shiba Inu has since recovered from the $0.00000404 floor, but still trades within a critical area, as it has failed to break its lower-high pattern that has persisted since May 2025. SHIB is down nearly 23% this month, on track for its largest monthly loss since February 2025.
Key Floor Levels to Watch However, the possibility of steeper declines cannot be dismissed, as the broader crypto market fails to show any signs of a full-blown recovery. If the market suffers another selloff round from here, Shiba Inu could slump further to new lows.
Specifically, the first area of interest where prices could find solid support is $0.00000241, which aligns with the Fibonacci 1.272 extension. From the current position, Shiba Inu would have to drop by as much as 43% to reach this level.
Shiba Inu Floor and Resistance Levels If this area fails to hold, the second line of defense lies at the Fibonacci 1.414 extension sitting at the $0.00000155 price. Crashing to this area would mark a 77% year-to-date decline for Shiba Inu. Bulls will likely step in at this area, as it represents a good entry zone last seen in April 2021.
Shiba Inu Resistance Areas However, it remains unclear if SHIB could see such declines from its current position. The meme coin may have a fighting chance if it can reclaim key resistance levels such as the $0.00000676 area, which acted as support from October 2025 to January 2026 before the bears flipped it to resistance.
Above this level is the $0.00001027, which served as a potent defense area from June to October 2023 and then from April to October 2025 before bears breached it. If Shiba Inu can recover above both resistance areas and flip them into support, it could flip the trend for good, possibly eyeing the $0.00001980 target.
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.
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.
Shiba Inu burn rate saw a significant increase in the last 24 hours, rising 434.63% in this timeframe. The increase follows millions of SHIB sent to dead wallets, with the burn rate rising correspondingly.
According to the Shibburn website, 3.32 million SHIB were burned in the last 24 hours. Although this number seems small, it was much higher than the day before.
Shiba Inu saw its largest burn figure of the week when 5.5 million SHIB were burned on June 24. In the last seven days, a total of 26.52 million SHIB were burned, albeit with a 36.39% weekly drop.
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The weekly burn drop follows a bearish price action for Shiba Inu, which saw it drop four straight days before slightly rebounding. Meanwhile, the daily burn rate increase coincided with a rebound in Shiba Inu price.
At the time of writing, Shiba Inu had returned to the green, up 2.08% in the last 24 hours to $0.000004266, according to CoinMarketCap data. Shiba Inu remains down 8.8% weekly.
Shiba Inu hits oversold levelsThe market saw a drop earlier in the week as investors assessed May's personal consumption expenditures price index reading, the Federal Reserve's preferred inflation gauge, released on Thursday.
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The core inflation rate excluding food and energy prices hit an annual rate of 3.4% in May, the highest since October 2023, and on a monthly basis rose 0.3% from April.
Shiba Inu has steadily declined since mid-June, marking only one green day out of 12 since then. The drop has pushed Shiba Inu momentum indicators below oversold levels. The daily RSI has fallen below the oversold level of 30, now sitting at 26.
The market often rebounds when the RSI confirms oversold conditions; a reading below 30 by itself only indicates what has recently happened. In this regard, Shiba Inu may have yet to confirm oversold conditions, but the chances of a potential relief rally exist given the current oversold reading.
The Shiba Inu ecosystem has witnessed a dramatic spike in its token burn activity over the past 24 hours. Data from Shibburn indicates that 3.32 million SHIB tokens have been permanently removed from circulation during this timeframe, sending the burn rate soaring by 434.63 percent. This process involves sending tokens to wallets where they cannot be retrieved, effectively reducing the total supply.
Daily burn metrics set the toneWhile the daily increase in burn rate grabbed headlines, the weekly data paints a more subdued picture. On June 24, the community saw the week’s highest single-day burn with 5.5 million SHIB sent to the dead wallet. Over the last seven days, a total of 26.52 million SHIB has been burned. Despite this, the weekly burn rate actually declined by 36.39 percent compared to the previous week.
Glossary: Shibburn is a data platform tracking token burns within the Shiba Inu community. Burning refers to the permanent removal of cryptocurrency from circulation by sending it to inaccessible wallets.
Shiba Inu stands out as a meme coin built on the Ethereum network and is well known for its tight-knit community focus. Recently, investors have closely monitored the relationship between burn rates and price action to gauge market sentiment.
MetricDataSHIB burned in the past 24 hours3.32 million24 hour burn rate change434.63 percent increaseJune 24 daily burn5.5 million SHIB7 day total burn26.52 million SHIBWeekly change36.39 percent declineLimited recovery seen in SHIB priceOn the price front, the period of accelerated burning coincided with a modest daily rebound for SHIB. According to CoinMarketCap, Shiba Inu gained 2.08 percent in the last 24 hours, reaching $0.000004266. However, the meme token remains down by 8.8 percent on the weekly chart.
Shibburn’s data highlights that 3.32 million SHIB were burned in the past 24 hours, driving the daily burn rate up by 434.63 percent.
Shiba Inu’s price action has followed a gradual downward trend since mid June, registering only one positive daily close in the past twelve days. The latest declines have clearly weakened momentum on key technical indicators.
Macro factors and technical signals in focusThe recent wave of market pressure stemmed partly from fresh US inflation data. Investors were digesting the May figures for the core Personal Consumption Expenditures (PCE) index, a key gauge watched by the Federal Reserve. Core inflation, which excludes food and energy, reached 3.4 percent year-on-year in May, marking its highest level since October 2023. The monthly rise was 0.3 percent compared to April.
On the technical side, the daily Relative Strength Index (RSI) for SHIB has dipped below the key 30 threshold, now resting at 26. The RSI is a widely used indicator measuring the speed and magnitude of price moves. A reading under 30 typically signals oversold conditions, though this alone does not confirm an impending reversal.
The fall in SHIB’s RSI to 26 indicates deepening oversold conditions, suggesting a potential for a corrective bounce, though confirmation remains elusive.
Such technical readings occasionally pave the way for short term recoveries, but a sustained shift in trend would require price movement to corroborate these signals. Accordingly, market watchers remain alert to both burn metrics and the influence of macroeconomic developments on risk appetite.
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.
Team Secret has parted ways with Jose “Rbtx” Jamir, the head coach of its VALORANT division. The move caps a remarkably short stint for the Filipino coach, who was appointed to the role just six months ago in late December 2025.
A brief but eventful run Rbtx’s journey to the Team Secret head coaching chair was, on paper, a logical promotion. He had previously served as the coach of Team Secret’s academy squad, where his work apparently caught the attention of the organization’s leadership. Before that, he spent time coaching RRQ between 2022 and 2023, giving him a track record in the Southeast Asian VALORANT scene.
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He officially took over as head coach on December 24, 2025.
A roster in flux Rbtx’s departure is not happening in a vacuum. Team Secret’s 2026 has been defined by personnel turnover at virtually every level.
TenTen, a notable player on the roster, exited the team in March. Then came the departure of JessieVash, a veteran presence whose exit in June removed one of the squad’s most experienced competitors.
What this means for Team Secret’s competitive outlook The VCT Pacific league is one of the three major international leagues in Riot Games’ VALORANT Champions Tour structure, alongside the Americas and EMEA leagues. Teams in these leagues are fighting not just for regional dominance but for slots at international events like Masters and Champions.
Rbtx, for his part, leaves with a coaching resume that now includes stints at RRQ, Team Secret’s academy program, and a brief run as a VCT Pacific head coach.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
As crypto markets mature, the lines between digital assets and traditional equities keep dissolving. BIT, a digital asset platform with seven years of institutional service experience, is pushing that boundary further. It has rolled out margin trading for US stocks, accompanied by a promotional offer of up to $2,000 cashback and a 30-day 0% interest margin loan, according to the original announcement. The move signals more than a product addition; it reflects a growing ambition among established crypto exchanges to capture retail equity traders by leveraging existing margin infrastructure.
The Shift from Crypto to Equities BIT’s entry into US stock margin trading lands at a moment when asset boundaries are thinning globally. While U.S. lawmakers debate legislation that could reshape digital asset custody—and major banks are trying to kill it, as reported in Banks Are Trying to Kill the Biggest Crypto Bill in US History Four Days Before the Senate Vote—BIT is moving ahead with a product that sits at the intersection of both worlds. The exchange is not just competing for crypto volumes anymore; it’s now taking on traditional brokerages in the APAC region.
The blurring of asset classes is not theoretical. In a recent roundup, we saw institutional tokenization hit new milestones, with Bullish buying Equiniti and RWA crossing $20B on-chain. BIT’s launch fits that broader pattern: platforms that built their reputations in crypto are now expanding into the same traditional instruments they once aimed to disrupt. Margin trading for US stocks on a crypto exchange is both a service extension and a strategic land grab.
The offer’s headline figures are aggressive. New and existing users can access a margin loan facility on US equities with zero interest for the first month, alongside cashback rewards that scale up to $2,000. The exact tiers weren’t detailed, but such incentives typically reward higher trading volumes. For active traders who already use leverage on crypto positions, the economics become compelling: they can now apply similar strategies to Apple, Tesla, or any major US stock without paying borrowing costs initially.
BIT has been positioning itself as an institutional-grade venue, and the margin feature extends that narrative. Stock margin trading carries different risk parameters than crypto—volatility is generally lower, liquidity is deeper, and trading hours are fixed—so the platform’s risk engines will be tested differently. That might actually reassure users who are wary of crypto’s wild swings but still want to trade with borrowed capital inside a familiar exchange environment.
A Competitive Signal in the APAC Market Asian crypto exchanges have spent years layering new products onto their core businesses, from tokenized shares to derivatives and now real stock trading. BIT’s launch puts pressure on other platforms that have been sitting with similar capabilities but haven’t packaged them with such direct incentives. The zero-interest window is a classic customer-acquisition play, designed to move liquidity onto the exchange quickly.
What’s less clear is whether local regulators will treat this as a natural extension of a digital asset license or demand additional approvals. BIT likely has the necessary permissions, but as cross-vertical services multiply, the regulatory net could tighten. A promotion like this also raises the question of sustainability. Zero-interest margin loans are expensive to maintain, and once the 30-day window closes, the real test will be whether the newly onboarded traders stay and pay standard rates. For now, BIT is betting that the short-term cost is worth the long-term user base, and the cashback sweetener may accelerate a migration that was already underway.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
The line between a crypto exchange and a traditional brokerage keeps blurring. On Saturday, digital asset platform BIT introduced margin trading for U.S. stocks, dangling a mix of zero-percent financing and cash rewards to attract equity traders. According to the original report, BIT is leaning on more than seven years of institutional service experience to make the push.
The platform is offering up to $2,000 in cashback rewards for qualifying users who trade on margin, alongside a 30-day zero-interest period on margin loans. That structure targets retail traders accustomed to brokerage promotions, but delivered through a crypto-native interface. It’s a deliberate attempt to siphon users from incumbent brokers by blending familiar incentives with asset-class fluidity.
What the Product Actually Ships Specific terms remain light in the public release, but the margin product appears to cover a broad selection of U.S. equities accessible through BIT’s existing infrastructure. The 0% rate applies only for the first 30 days, after which standard margin rates kick in—though BIT hasn’t disclosed the prevailing rate. Cashback eligibility will likely depend on trade volume thresholds, a common hook among both crypto and equities platforms.
BIT has positioned itself as a custody-first, institutionally graded exchange. Adding stock margin trading signals a strategic pivot toward multi-asset brokerage, a move that requires clearing, settlement, and regulatory permissions that differ from crypto spot markets. It’s not a casual feature toggle. The operational lift suggests BIT has been building this capability for months, possibly using a partnering broker-dealer structure.
For existing BIT users, the product creates a streamlined path to diversify into equities without leaving the platform. For new users, the cashback offer functions as a customer acquisition cost, one that will be measured against lifetime value in a competitive fintech landscape.
Crypto Platforms Want Equities—and the Infrastructure That Backs Them BIT’s announcement is the latest in a series of moves showing digital asset firms coveting traditional securities. The appetite runs deeper than listing stock tokens. Bullish’s $4.2 billion acquisition of Equiniti demonstrated that crypto-native groups will spend heavily to own transfer agency, share registry, and corporate trust rails—not just trade execution.
Smaller exchanges are following a similar logic without the M&A budget. By adding margin trading for U.S. stocks, BIT bypasses the need to build a full-service broker from scratch while testing demand among a user base already comfortable with leverage products in crypto. The model mirrors what Robinhood did in reverse: start with equities, then bolt on crypto. BIT is running the same playbook from the other direction.
The risk for incumbents is that crypto platforms already understand leverage users better than many retail brokers. They embed risk controls, margin calls, and liquidations into user flows that feel native, not bolted-on. BIT’s 0% opening offer exploits a pricing window that traditional brokers, with their higher cost bases, find hard to match.
Regulatory Gray Zones and What Remains Unanswered Offering U.S. equity margin trading from a platform built on digital asset custody pulls in regulatory complexity. It’s unclear which jurisdiction’s securities rules BIT is operating under for this product, or whether a licensed broker-dealer is facilitating the back-end execution. The press release does not clarify these details, and that silence will attract attention from market observers.
The political backdrop doesn’t make things simpler. Traditional banks are fighting the most significant crypto legislation in US history, demanding changes that would preserve their gatekeeper roles. A crypto exchange selling stock margin—without clearly defined regulatory cover—plays directly into the banks’ argument that the sector needs tighter boundaries.
What remains uncertain is whether BIT can sustain this product if securities regulators in key markets push back. For now, the platform appears to be testing appetite and gathering user data. The 30-day interest window could serve as a low-risk sandbox to gauge adoption before committing to a permanent expansion. If the numbers look good, expect others to copy the blueprint within weeks.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Telegram founder Pavel Durov purchased Plush Pepe #834 for 7,500 Gram (GRAM) on The Open Network, then transferred the NFT to Adler Toberg, a designer linked to Telegram’s interface and gift system.
The acquisition marks Durov’s third confirmed purchase of a TON collectible in just over six months. He added his first Plush Pepe in December 2025, then picked up a Telegram Gift NFT in January 2026. Together, the moves reflect deliberate and ongoing personal engagement with the digital asset layer Telegram continues to build.
Plush Pepes and the TON Collectibles MarketPlush Pepes are Telegram’s official collectibles series, issued natively on The Open Network (TON). At GRAM’s current price of $1.55, the 7,500 GRAM spent on Plush Pepe #834 comes to roughly $11,625.
The specific piece is the Donatello model, a 1% rarity variant, with a Bell Pepper symbol (0.5%) and a Navy Blue backdrop (2%). Of the 2,861 Donatello editions, 2,825 have found owners.
TON development has accelerated alongside the demand for collectibles. A major protocol upgrade made TON 10 times faster, cutting transaction times to sub-second finality.
On the product side, GOAT Gaming’s Underground Pepe moved Plush Pepes beyond profile accessories. The project turned them into active gaming assets, complete with a dedicated rewards currency.
Secondary market activity has also expanded. A Telegram username sold for 500,000 USDT in a recent TON NFT resale, reflecting strong demand for Telegram-native assets.
Durov Gifts the NFT to Designer Adler TobergThe TON Blockchain X account responded to Durov’s purchase with a dry piece of humor. It expressed hope that he would pass the NFT along to a Telegram intern as a workplace bonus. The joke turned out to be close to the truth.
Durov transferred Plush Pepe #834 directly to Adler Toberg, a designer known for his work on Telegram’s interface and gift system. Toberg has previously made public statements about the direction of Telegram’s collectibles program, including the cadence of new gift releases.
The transfer points to something real. Within the Telegram ecosystem, collectibles now carry social weight as markers of community standing. Durov’s decision to give a high-value NFT to a member of his team reinforces that dynamic.
His role as Telegram’s CEO makes each on-chain move a visible signal across the network.
TON Price Performance. Source: BeInCrypto MarketsThe token itself also changed course this year. GRAM was rebranded from Toncoin following an 81% governance vote, reverting to the name from Telegram’s original 2018 whitepaper. The chain also broadened its reach through Apple Watch integration and a wider ecosystem push.
PANews June 27 news, according to CoinDesk, Goldman Sachs has released its latest assessment of the US IPO market, pointing out that US IPOs will see a significant recovery in 2026, but market enthusiasm still falls far short of the 2000 dot-com bubble era, with AI-related financing demand serving as the core driver of this listing wave.
Data shows that in 2026, about 50 companies have already completed IPOs in the US, doubling the number year-on-year, with cumulative financing of approximately $120 billion, a scale approaching the full-year record of 2021. Goldman Sachs' chief US equity strategist Ben Snider stated that this recovery is a normal cyclical repair, with core support coming from large corporate listings and the expansion of AI industry capital expenditure.
From a horizontal comparison, over the past 25 years, US IPOs averaged about 100 per year. In 2021, the full-year total exceeded 250, and in 1999 during the internet bubble period it was close to 400. The current number of offerings does not show extreme speculative characteristics. The institution also cautioned that although the market exhibits early bubble signs such as high valuations and AI theme concentration, judging from the IPO supply dimension, the market is only undergoing a structural recovery and has not yet entered a full-blown speculative cycle.
On Friday, June 26, Cathie Wood’s ARK Invest upped its stake in a number of crypto-related and private market companies. It snapping up nearly $25.54 million in Coinbase, Robinhood, Circle, SpaceX and Bullish shares via various exchange-traded funds.
Cathie Wood’s ARK Invest Buys COIN, HOOD SPCX, BLSH, CRCL Stocks The biggest acquisition by quantity was Coinbase, which ARK acquired a total of 68,366 shares, per latest disclosure. The purchase was made via the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF). The total value of the purchases was around $10.19 million based on Coinbase stock closing price on Friday, $149.06.
ARK also enhanced its stake in SpaceX stock, which was up 45,728 shares in the four stocks it owns: ARKK, ARKQ, ARKW and ARKX. The investment was worth approximately $7.01 million at the closing price of $153.23.
At the same time, the asset manager bought 78,756 shares of Circle Internet Group in ARKK, ARKW and ARKF. The purchases totaled around $5.79 million based on Circle’s closing price of $73.57.
ARK also acquired 57,511 shares of Bullish valued at approximately $1.34 million, and 12,269 shares of Robinhood valued at approximately $1.21 million, using a closing price of $23.29 and $98.69 per share, respectively.
The five acquisitions totaled about $25.54 million. It reflects Cathie Wood’s ongoing belief in firms with digital assets ties and financial technology and AI innovation.
Recent Acquisitions In Crypto & AI Market The recent purchase comes after Cathie Wood’s ARK made a number of bullish crypto investments. The firm earlier this week bought approximately 35,023 shares in Robinhood at $3.27 million, 9,014 shares in Coinbase at $1.28 million and 3,164 shares of Circle at $217,700.
This week, ARK also bought an additional 111,799 shares of Coinbase for approximately $18 million. The company is also boosted stake in SpaceX earlier this week. At the time, it bought $32.5 million worth of SPCX stock via the combined purchase of 210,121 shares across four ETFs.
Strategy’s mNAV falls below 1, its market valuation is now lower than the value of its Bitcoin holdings.
Strategy (MSTR) has seen its modified net asset value (mNAV) fall below 1, indicating the market is currently valuing the company at less than the worth of its Bitcoin holdings. This is unusual for Michael Saylor-led Strategy. For years, investors have priced Strategy at a premium to its Bitcoin reserves, giving the company flexible access to capital when needed—a advantage Saylor and his team have leveraged heavily. Currently, Strategy’s share price has dropped to around $82, roughly 85% lower than its November 2024 all-time high, bringing its enterprise value to approximately $50.4 billion. Meanwhile, with Bitcoin trading at about $60,000, the value of Strategy’s Bitcoin holdings stands at roughly $51.1 billion. That means the market is now valuing the entire company at less than the value of its Bitcoin assets. At this valuation level, issuing new shares would be dilutive for Strategy, as the company would effectively sell equity at a discount to its underlying asset value. While this does not bar Strategy from continuing to issue new shares, raising capital at current valuations could spark more criticism. The firm’s recent Bitcoin purchases have already diluted common shareholders and drawn community backlash. Market concerns have grown that Strategy is increasingly resembling a closed-end fund rather than an operating company. Such vehicles typically trade at a premium to their underlying Bitcoin holdings when demand is strong, but can trade at persistent discounts once investor sentiment weakens. However, unlike traditional closed-end trusts, Strategy still retains multiple tools: issuing debt or equity when it is accretive, redeeming or refinancing securities, generating operating cash flow through its software business, and actively managing its capital structure.
5 minutes ago
Coinbase’s Bitcoin Premium Index has been in negative territory for 40 consecutive days, with purchasing power in the U.S. market remaining sluggish.
According to Coinglass data, Coinbase’s Bitcoin Premium Index has remained in negative premium for 40 consecutive days, currently standing at -0.1569%, reflecting sustained weak purchasing power in the U.S. market. The Coinbase Bitcoin Premium Index measures the gap between Bitcoin prices on Coinbase and the global average market price. A negative premium typically signals heavy selling pressure in the U.S. market, declining investor risk appetite, rising market risk aversion, or capital outflows.
5 minutes ago
This week, U.S. spot Bitcoin ETFs recorded a net outflow of $1.7873 billion.
According to data from Farside Investors, U.S. spot Bitcoin ETFs posted a combined net outflow of $1.7873 billion this week. Among them, BlackRock’s IBIT saw a net outflow of $1.3035 billion, Fidelity’s FBTC recorded a net outflow of $314.9 million, and Grayscale’s GBTC had a net outflow of $135.3 million. Meanwhile, some ETFs registered net inflows: BTC ETF saw a net inflow of $71.7 million, and MSBT posted a net inflow of $26.2 million.
5 minutes ago
Coinbase has cut its AI spending by nearly half, and is attempting to set open-weight models including GLM 5.2 and Kimi 2.7 as default options.
Coinbase CEO Brian Armstrong published a post stating that to sustain exponential growth in token usage while keeping AI spending stable, the key is not to introduce usage friction or spending alerts, but rather better default models, routing, and caching mechanisms. Coinbase is testing using open-weight models like GLM 5.2 and Kimi 2.7 as defaults via its LLM gateway, while still encouraging engineers to select the right model for each task. He noted that 91% of employees have never hit their usage caps, so instead of lowering quotas and adding alerts, the company shifted to lower-cost default models. For model routing, Coinbase preprocesses prompts in its custom workflow and routes tasks to the most suitable model based on cache hit rates and model pricing. For example, the planning phase may require an advanced model, but using an advanced model during execution would be overkill. The company believes that in the future, humans should not choose models—AI should handle this task automatically. Armstrong also said that cache misses are the easiest way to drive up costs. All of Coinbase’s requests are cache-aware to reuse hot caches as much as possible; for instance, after proper cache implementation, LibreChat’s cache hit rate rose from 5% to 60%. Additionally, Coinbase requires engineers to keep contexts streamlined, including starting new sessions when switching tasks, narrowing file context ranges, and disconnecting unused tools. The goal is not to curb AI usage, but to build infrastructure that can support exponential growth. Through these practices, Coinbase has cut its AI spending by nearly half, while token usage continues to grow.
5 minutes ago
Billionaire Jeremy Grantham: Bitcoin won’t suddenly go to zero, but will quietly fade away.
According to CNBC, billionaire investor and GMO co-founder Jeremy Grantham has once again criticized bitcoin, labeling it a "useless speculative" asset with no intrinsic value, and predicting it will gradually become irrelevant over the next several years or even decades. Grantham said, "It will die out, not with a bang, but quietly." He noted that bitcoin is not a stable form of value, having halved for no clear reason even in a strong economic environment, making it unreliable as a store of value. Grantham also pointed out that gold, even after retreating from its highs over the same period, has still posted solid gains. He added that bitcoin has neither proven itself as a useful speculative asset nor delivered real-world utility. "People don't use bitcoin for serious transactions, nor do they use it to pay for dinner or supermarket groceries; its role is to let criminals transfer funds," he stated. Bitcoin has long been known for severe bear market drawdowns, having dropped at least 70% from its peak in every cycle. Currently, bitcoin is down roughly 52% from its October high, hovering around $60,000, and many investors believe the current price slump could persist for several more months.
5 minutes ago
Binance will list CAP perpetual contracts
According to an official announcement, Binance will launch the CAPUSDT perpetual contract at 19:45 (UTC+8) on June 27, 2026, with a maximum leverage of up to 10x.
Cathie Wood’s ARK Invest has expanded its positions in Coinbase, SpaceX, Circle, Bullish, and Robinhood by purchasing about $25.54 million worth of shares on Friday across several of its exchange-traded funds.
Summary
Cathie Wood’s ARK Invest bought $25.54 million worth of Coinbase, SpaceX, Circle, Bullish, and Robinhood shares. Coinbase led the purchases with a $10.19 million investment, followed by $7.01 million in SpaceX and $5.79 million in Circle. The latest buys extend ARK’s recent accumulation of crypto-linked stocks as Wood continues to downplay persistent inflation concerns. According to ARK Invest’s latest daily trade disclosure, Coinbase accounted for the firm’s largest purchase by value. The investment manager bought 68,366 Coinbase shares through the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). Based on the stock’s Friday closing price of $149.06, the purchase was valued at roughly $10.19 million.
SpaceX ranked second among the day’s acquisitions. Across ARKK, ARK Autonomous Technology & Robotics ETF (ARKQ), ARKW, and ARK Space Exploration & Innovation ETF (ARKX), the firm purchased 45,728 shares worth about $7.01 million using the company’s closing price of $153.23.
Circle Internet Group was another major addition. According to the disclosure, ARK acquired 78,756 Circle shares through ARKK, ARKW, and ARKF, with the purchases valued at approximately $5.79 million based on the stock’s $73.57 close.
The buying continued with smaller additions to Bullish and Robinhood. ARK purchased 57,511 Bullish shares valued at around $1.34 million and another 12,269 Robinhood shares worth about $1.21 million, using Friday’s closing prices of $23.29 and $98.69, respectively.
Latest purchases extend a week of aggressive buying The latest transactions follow several rounds of buying earlier in the week, when ARK increased its exposure to many of the same companies after their share prices declined.
As previously reported by crypto.news, the investment firm bought 9,014 Coinbase shares, 9,264 Circle shares, 9,136 Bullish shares, and 35,023 Robinhood shares after all four stocks finished Thursday’s session in negative territory. Coinbase fell 5.06%, Circle lost 3.06%, Robinhood declined 3.83%, and Bullish dropped 6.77% during that trading session.
Separately, ARK disclosed another purchase of 111,799 Coinbase shares earlier this week, valued at about $18 million. During the same period, the firm also increased its exposure to SpaceX by acquiring 210,121 shares worth roughly $32.5 million across four ETFs.
According to ARK Invest, the firm’s exchange-traded funds follow a portfolio policy that limits any individual holding to no more than 10% of a fund. As stock prices move, positions are periodically adjusted to keep allocations within those limits.
Wood continues backing crypto-linked companies despite macro concerns The latest investments also come as Wood has maintained a constructive outlook on financial markets despite growing concerns about inflation and monetary policy.
As crypto.news previously reported, Wood said investor meetings across Asia and Europe showed that many market participants expect inflation to remain persistent and believe the Federal Reserve may need to tighten policy further. She argued the data point in a different direction.
In a series of posts on X, Wood said underlying inflation is close to disappearing when measured through unit labor costs. Using first-quarter figures, she noted that U.S. productivity increased about 3% year over year while compensation per hour rose roughly 3.5%, leaving implied underlying inflation at around 0.5%.
Wood also cited data from Truflation, saying the platform’s real-time inflation gauge has fallen from about 11% in 2022 to 1.8%, while its core inflation measure has eased to 1.4%. Her comments contrast with market expectations for a possible 25-basis-point Federal Reserve rate increase in September following May’s 4.2% U.S. consumer price inflation reading.
Cathie Wood has said that rising global instability has created the conditions for another Bitcoin rally as investors increasingly look for assets that can protect wealth across borders.
Summary
Cathie Wood says capital leaving unstable countries could drive Bitcoin’s next major rally. Wood argues AI cannot replace Bitcoin’s role as a tool for protecting wealth during uncertainty. ARK Invest added $25.54 million in Coinbase, SpaceX, Circle, Bullish, and Robinhood shares. According to a June 27 X post by ARK Invest founder Cathie Wood, capital leaving economically and politically unstable countries is likely to provide fresh momentum for Bitcoin and other digital assets.
Capital outflows from less stable countries around the world will light another fire under bitcoin and other digital assets. 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… https://t.co/Xmtt1DnroX
— Cathie Wood (@CathieDWood) June 27, 2026 She argued that while artificial intelligence has captured investor attention and a large share of market liquidity, it cannot replace the role digital assets play during periods of uncertainty.
Bitcoin remains a hedge against global instability In her post, Wood said AI has launched a technological revolution and is attracting substantial investment, but described digital assets as a form of “insurance policy” for protecting wealth when confidence in traditional financial systems weakens.
She linked this view to growing capital outflows from less stable nations, saying those flows could “light another fire” under Bitcoin and the broader digital asset market.
Rather than competing directly, Wood suggested AI and crypto serve different purposes in today’s investment landscape. While AI companies continue drawing fresh capital because of their growth prospects, she argued that Bitcoin addresses a separate need by offering an alternative store of value that can move across borders more easily than many traditional assets.
Her comments come as investors continue weighing geopolitical tensions, inflation concerns, currency weakness in several regions, and uncertainty surrounding monetary policy. According to Wood, these conditions are increasing demand for assets that can preserve purchasing power while remaining accessible outside domestic financial systems.
The remarks also follow a post by ARK analyst Lorenzo Valente, who argued that many investors are overlooking crypto’s original purpose. Valente wrote that although the market has become increasingly institutional, digital assets should not be viewed only as risk-on investments because they continue to serve as financial protection in uncertain environments.
ARK continues adding crypto-related investments Wood’s latest comments coincide with continued buying activity across ARK Invest’s exchange-traded funds.
According to ARK Invest’s latest daily trade disclosure, the firm purchased about $25.54 million worth of shares in Coinbase, SpaceX, Circle, Bullish, and Robinhood.
Coinbase represented the largest purchase by value. ARK acquired 68,366 shares through the ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF. Based on Friday’s closing price of $149.06, the transaction was worth about $10.19 million.
SpaceX ranked second after ARK bought 45,728 shares through four of its ETFs, including ARKQ and ARKX, for roughly $7.01 million using the company’s closing price of $153.23.
The investment manager also added 78,756 Circle shares valued at approximately $5.79 million, alongside smaller purchases of Bullish and Robinhood shares worth around $1.34 million and $1.21 million, respectively.
The latest buying activity is consistent with Wood’s positive view on financial markets despite ongoing concerns about inflation and interest rates.
As crypto.news previously reported, she said discussions with investors across Asia and Europe indicated many expect inflation to remain persistent and believe the Federal Reserve could tighten monetary policy further. Even so, Wood argued that incoming economic data points toward a different outcome.
TLDR The Nasdaq Composite declined 0.2% Friday, marking its fifth consecutive session of losses, while the S&P 500 also retreated, with both indices recording weekly declines of more than 4% and nearly 2% respectively. Reports from the New York Times indicating OpenAI could postpone its public offering to 2027 intensified selling pressure in technology shares. Chip stocks experienced significant weakness following concerns about escalating memory and storage expenses after Apple increased pricing on MacBook and iPad products. Expectations of potential Federal Reserve interest rate increases strengthened following robust May Personal Consumption Expenditures data that sustained prospects for tighter policy. The Dow Jones outperformed competing indices with a modest weekly advance below 1%, benefiting from reduced technology sector allocation. American equity markets experienced turbulence throughout the week, with technology shares bearing the brunt of investor anxiety. The Nasdaq Composite extended its losing streak to five consecutive sessions on Friday, settling 0.2% lower. The S&P 500 also registered modest losses. Both benchmarks concluded the week with substantial declines.
Nasdaq 100 Sep 26 (NQ=F) The Dow Jones Industrial Average shed a modest 56 points, representing a 0.1% decline on Friday. Despite the daily loss, the blue-chip index managed to secure a weekly gain of less than 1%. The Dow’s limited technology sector representation provided insulation from the broader selloff.
Artificial Intelligence Skepticism Fuels Market Weakness Market participants have adopted a more cautious stance toward artificial intelligence investments. The sector confronted multiple headwinds this week, including questions about token economics and free cash flow generation, alongside intensifying competition from budget-friendly AI alternatives and Chinese rivals.
A New York Times article amplified the negative sentiment. The publication reported that OpenAI might delay its much-anticipated initial public offering from 2026 to 2027. This development dampened enthusiasm across the broader technology landscape.
Mizuho’s Daniel O’Regan, an analyst covering the sector, captured the prevailing sentiment. “Feels like every time I open Bloomberg or the WSJ there’s another negative AI headline,” he noted. He suggested the relentless stream of unfavorable coverage would likely continue unsettling individual investors.
Semiconductor manufacturers faced particularly acute pressure. Apple’s recent decision to increase prices on MacBook and iPad devices highlighted rising memory and storage component costs. Micron, a leading chipmaker, delivered solid quarterly results but cautioned that cost pressures would persist.
Hot Inflation Reading Revives Rate Hike Speculation The Federal Reserve’s favored inflation gauge, the Personal Consumption Expenditures index, registered an elevated reading for May. This data point reinforced the possibility that the central bank might implement a rate increase this year, creating additional headwinds for growth-oriented and technology stocks.
Elevated interest rates typically present challenges for technology companies, whose valuations depend heavily on discounted future earnings projections. Any indication of potential borrowing cost increases disproportionately affects these securities compared to other market segments.
Nevertheless, not all indicators painted a bearish picture. Market breadth metrics remained constructive. Approximately two-thirds of S&P 500 constituents continued trading above their 200-day moving averages at week’s end.
David Donabedian, a senior investment strategist at CIBC Private Wealth, characterized the week’s price action as a recalibration rather than a structural breakdown. He observed that defensive sectors including health care, real estate, and consumer staples demonstrated resilience, while industrials and technology absorbed the heaviest losses.
Oil prices also retreated during the week. Brent crude declined to approximately $72 per barrel while West Texas Intermediate traded near $69. Shipping activity in the Strait of Hormuz persisted despite an incident involving a container vessel, alleviating some supply concerns. The United States and Iran reached agreement on a 60-day ceasefire, though regional tensions persist.
Investors now turn their attention to a holiday-shortened trading week ahead. The June employment situation report arrives Thursday and will receive close scrutiny for additional insights regarding economic momentum and monetary policy trajectory.
PANews June 27 news, according to CCTV News, the United Kingdom Maritime Trade Operations (UKMTO) relayed a notice from the Joint Maritime Information Center stating that on the 27th, the Joint Maritime Information Center raised the maritime security threat level for the Strait of Hormuz from "medium" to "high".
Market activity across the Jito network has accelerated significantly of late.
The protocol has generated $1.75 billion in gross revenue, making it one of the strongest-performing projects in the Solana ecosystem. Most of that revenue—about 81%—came from MEV rewards, while staking rewards accounted for the remainder.
These metrics suggest Jito’s infrastructure is handling more economic activity as users continue to rely on the protocol for staking and MEV services. That’s not all though as that growth is also beginning to show up elsewhere.
Source: DefiLlama Is the revenue growth translating into user activity? In fact, network participation has strengthened over the past few days too.
The number of active addresses registered a major hike, pointing to significant engagement across the ecosystem. At the same time, trading volume expanded by nearly 90% to $102 million over the last 24 hours.
These metrics often move together.
More active addresses usually indicate broader user participation, while an uptick in trading volume often means capital may be flowing back into the market. Together, they seemed to paint a picture of increasing network activity rather than a short-lived spike in speculation.
That makes the recent revenue milestone more meaningful too. It is evidence that the protocol isn’t just attracting attention—it is also generating sustained economic activity.
Source: Santiment Is the market beginning to recognize that growth? Well, the improving fundamentals are now starting to appear on the chart too.
After spending months consolidating, JTO broke above a bullish flag pattern on the daily timeframe. Since then, the price has continued to respect an ascending trendline that has produced multiple rebounds since early May.
If the momentum holds, the trendline resistance could be the next target for the token’s buyers.
In fact, the technical structure appeared to be catching up with what on-chain data has been showing for weeks. Whether the breakout develops into a larger rally will ultimately depend on whether network activity continues to expand.
At the time of writing, the latest metrics hinted at a bullish run continuation. Revenue has been growing, users are becoming more active, and trading participation registered a hike too.
In other words, the recent price breakout may simply be the market beginning to reflect those improving fundamentals.
Source: TradingView Final Summary Jito generated $1.75 billion in protocol revenue, highlighting sustained network usage. Hike in active addresses and a $50 million uptick in trading volume coincided with JTO’s breakout above a multi-month bullish flag.
Serenity: Robots will be the next major trend, and AI data center exposure is also poised to benefit from the mass adoption of humanoid robots.
In a post, Serenity stated that robotics will be the next key growth area. Citing March PitchBook data referenced by a16z, it reported that both deal volume and investment value in the robotics sector are rising rapidly. A positive factor is that many AI data center-related exposures often also have exposure to the scaling of humanoid robots. For example, DRAM and NAND in the storage space can be used for inference and storage in humanoid robots; DFB lasers in the photonics space are applied in FMCW LiDAR for vision and perception. Serenity noted that most related exposures are currently concentrated in upstream components or in-house projects of large firms including Amazon and Tesla. It believes that the global IPO season for pure-play robotics or humanoid robot companies will be worth watching from the second half of 2026 to 2027.
12 minutes ago
Viewpoint: If AI sales grow strongly, the return on capital expenditure for AI operators is expected to turn positive within 24 months.
Renowned researcher Oguz Erkan’s data analysis indicates that based on current capital costs, operating margins of hyperscale cloud service providers, and depreciation periods, the return on investment (ROI) for AI capital expenditure will turn positive when AI revenue reaches roughly 1.7 to 1.8 times depreciation and amortization. Currently, AI revenue is approximately 1.2 times capital expenditure depreciation. Erkan projects that if AI sales grow robustly, the ROI is expected to turn positive within 24 months.
12 minutes ago
Michael Saylor: Strategy is operational
Michael Saylor issued a statement noting that Bitcoin is operating normally, and so are we (Strategy).
12 minutes ago
A renowned Chinese hedge fund manager has warned that global AI stocks have formed a "super bubble".
Two renowned Chinese hedge fund managers have warned that global AI stocks have formed a "super bubble" and are on the verge of bursting. Yang Dong, founder of Ningquan Asset, explicitly warned in the "2026 Semi-Annual Investment Report" released on June 23 that a "super bubble" has formed in global AI stocks, and a crash may be imminent. The report bluntly stated that a large number of hot A-share stocks are very likely to drop by 80% or even over 90% in the future, adding that "if one lacks the ability to pull chestnuts out of the fire and emerge unscathed, taking such risks would be irresponsible to investors." Yang Dong accurately predicted the peak of the 2007 bull market. Separately, Li Bei, founder of Shanghai-based Banxia Investment, noted in her June 21 monthly report "To Banxia Investors" that "the triggering conditions for the AI bubble to burst have emerged." Taking Anthropic's ARR (Annualized Run Rate) as an example, she argued that revenue growth at downstream model companies has slowed significantly, their full-year results are likely to fall well short of market expectations, and a subsequent decline in capital expenditure is highly probable.
12 minutes ago
An address linked to Vitalik has transferred 7,000 ETH, and is likely to deposit the funds into a centralized exchange (CEX).
According to monitoring by Onchain Lens, a wallet linked to Vitalik, labeled "0xD04", transferred 7,000 ETH (valued at $11.06 million) to a new wallet. Based on the address’s historical transaction records, the ETH is highly likely to be deposited into a centralized exchange (CEX). Earlier, the same wallet transferred 1,300 ETH (worth $31.6 million), which was subsequently deposited into Paxos. The wallet currently holds 20,001 ETH, valued at $31.6 million.
12 minutes ago
Hong Kong government: Regulated stablecoins are expected to launch between mid-year and the second half of this year.
Hong Kong’s government stated in a written response to the Legislative Council that the Hong Kong Monetary Authority (HKMA) granted stablecoin issuer licenses to two bank-backed institutions in April 2026. Per the institutions’ existing business plans, Hong Kong’s regulated stablecoins are projected to launch between mid-year and the second half of this year. The government added that the HKMA has sent notices to unregulated entities conducting stablecoin issuance in the market to clarify legal requirements, and will continue to follow up on related matters; individual cases may be referred to the police or the Department of Justice if necessary. Additionally, the government will submit a bill to the Legislative Council this year to establish a regulatory regime for virtual asset trading, custody, advisory and management service providers.
The crypto market has faced a tough week of trading. Since Monday, June 22, Bitcoin [BTC] has fallen 8.6%, from $65.6k to $60k. During this time, Mantle [MNT] prices have slid by 21.6%, from $0.541 to $0.416.
In the past 24 hours alone, MNT prices were down by just under 10%. The daily trading volume has increased by 44%, which indicates heightened selling activity as prices slid lower.
The Mantle price drop was influenced by Bitcoin, which in turn reacted to macro market news. Inflation was on the rise. Data from the Bureau of Economic Analysis showed that the personal consumption expenditures price index (PCE) was up 4.1% year-on-year in May 2026, reaching a 3-year high.
This triggered a sell-off, and long liquidations sent prices reeling lower. Mantle’s long-term price trend was bearish, and the recent losses reinforced this bias.
MNT slips below key long-term support Source: MNT/USDT on TradingView The 1-week chart of MNT highlighted the importance of the $0.55 support level. The buyers have defended it since early 2024. Losing this critical long-term support level meant the long-term trend was now bearish.
The RSI was at 32.7 and not yet at oversold conditions. The OBV has bounced since last July but was slowly sliding lower, too.
This week’s losses meant the altcoin is likely to drop to the $0.319 support level soon, and possibly even lower.
Traders’ call to action- Wait to sell the bounce Source: MNT/USDT on TradingView The 4-hour timeframe showed a bearish swing structure. The latest downward continuation signal came when the $0.506 lower low was broken on Wednesday, June 24.
The RSI was deep in oversold conditions, and the OBV’s downward moves were much more apparent than on the weekly timeframe.
This, combined with the break of the weekly support, meant that the current H4 swing move lower was over, or close to being over. A bounce is likely to commence from here, reaching the key Fibonacci retracement targets overhead.
Therefore, a bounce into the golden pocket at $0.526-$0.556 would offer a selling opportunity.
Final Summary The Bitcoin price drop earlier this week spurred the heavy MNT losses as market participants sought not to endure the rocky seas. Traders can wait for a price bounce toward $0.55 before selling.
PANews June 27 news, on-chain sleuth ZachXBT stated in his personal channel that one hour ago, the stolen funds from the Humanity Protocol and Kelp DAO exploits showed signs of commingling, indicating that the attackers behind the two incidents may overlap. ZachXBT believes the above new evidence rules out the possibility that insiders were behind the exploits.
On April 18, 2026, due to an infrastructure compromise, Kelp DAO’s LayerZero bridge was hacked, resulting in a loss of approximately $292 million, allegedly by the Lazarus Group. On June 9, 2026, approximately $32 million was stolen from accounts belonging to the Humanity Protocol team and deployers, caused by a developer’s device being compromised.
Viewpoint: If AI sales grow strongly, the return on capital expenditure for AI operators is expected to turn positive within 24 months.
Renowned researcher Oguz Erkan’s data analysis indicates that based on current capital costs, operating margins of hyperscale cloud service providers, and depreciation periods, the return on investment (ROI) for AI capital expenditure will turn positive when AI revenue reaches roughly 1.7 to 1.8 times depreciation and amortization. Currently, AI revenue is approximately 1.2 times capital expenditure depreciation. Erkan projects that if AI sales grow robustly, the ROI is expected to turn positive within 24 months.
33 minutes ago
Michael Saylor: Strategy is operational
Michael Saylor issued a statement noting that Bitcoin is operating normally, and so are we (Strategy).
33 minutes ago
A renowned Chinese hedge fund manager has warned that global AI stocks have formed a "super bubble".
Two renowned Chinese hedge fund managers have warned that global AI stocks have formed a "super bubble" and are on the verge of bursting. Yang Dong, founder of Ningquan Asset, explicitly warned in the "2026 Semi-Annual Investment Report" released on June 23 that a "super bubble" has formed in global AI stocks, and a crash may be imminent. The report bluntly stated that a large number of hot A-share stocks are very likely to drop by 80% or even over 90% in the future, adding that "if one lacks the ability to pull chestnuts out of the fire and emerge unscathed, taking such risks would be irresponsible to investors." Yang Dong accurately predicted the peak of the 2007 bull market. Separately, Li Bei, founder of Shanghai-based Banxia Investment, noted in her June 21 monthly report "To Banxia Investors" that "the triggering conditions for the AI bubble to burst have emerged." Taking Anthropic's ARR (Annualized Run Rate) as an example, she argued that revenue growth at downstream model companies has slowed significantly, their full-year results are likely to fall well short of market expectations, and a subsequent decline in capital expenditure is highly probable.
33 minutes ago
An address linked to Vitalik has transferred 7,000 ETH, and is likely to deposit the funds into a centralized exchange (CEX).
According to monitoring by Onchain Lens, a wallet linked to Vitalik, labeled "0xD04", transferred 7,000 ETH (valued at $11.06 million) to a new wallet. Based on the address’s historical transaction records, the ETH is highly likely to be deposited into a centralized exchange (CEX). Earlier, the same wallet transferred 1,300 ETH (worth $31.6 million), which was subsequently deposited into Paxos. The wallet currently holds 20,001 ETH, valued at $31.6 million.
33 minutes ago
Hong Kong government: Regulated stablecoins are expected to launch between mid-year and the second half of this year.
Hong Kong’s government stated in a written response to the Legislative Council that the Hong Kong Monetary Authority (HKMA) granted stablecoin issuer licenses to two bank-backed institutions in April 2026. Per the institutions’ existing business plans, Hong Kong’s regulated stablecoins are projected to launch between mid-year and the second half of this year. The government added that the HKMA has sent notices to unregulated entities conducting stablecoin issuance in the market to clarify legal requirements, and will continue to follow up on related matters; individual cases may be referred to the police or the Department of Justice if necessary. Additionally, the government will submit a bill to the Legislative Council this year to establish a regulatory regime for virtual asset trading, custody, advisory and management service providers.
33 minutes ago
The Israeli military will reduce its forces stationed in southern Lebanon.
According to Israel's Army Radio, the Israeli military will reduce its forces stationed in southern Lebanon and withdraw several combat brigades.
Whale Garrett Jin places $21.73 million ZEC short order, will become Hyperliquid's largest ZEC holder after execution
PANews June 27 news, according to on-chain analyst Ember's monitoring, half an hour ago Garrett Jin placed a limit order for a ZEC short position worth $21.73 million at a price of $418.9, with $4.93 million filled so far and an order worth $16.8 million still waiting to be filled. Once fully executed, he will be the largest ZEC holder on Hyperliquid. In addition, this whale's 1,270 BTC long position opened at $76,117 has an unrealized loss of $20.15 million.
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Europol Seizes Approximately $47 Million in Illicit Cryptocurrency in a Law Enforcement Operation
PANews June 27 news: According to SoSoValue data, yesterday (Eastern Time June 26) the HYPE spot ETF saw a total single-day net inflow of $1.8161 million.
Yesterday only the Bitwise Hyperliquid ETF (BHYP) recorded net inflows, with a single-day net inflow of $1.8161 million, bringing its total historical net inflow to $115 million.
As of press time, the HYPE spot ETF's total net asset value was $324 million, the HYPE net asset ratio was 2.28%, and the cumulative historical net inflow has reached $294 million.
Viewpoint: If AI sales grow strongly, the return on capital expenditure for AI operators is expected to turn positive within 24 months.
Renowned researcher Oguz Erkan’s data analysis indicates that based on current capital costs, operating margins of hyperscale cloud service providers, and depreciation periods, the return on investment (ROI) for AI capital expenditure will turn positive when AI revenue reaches roughly 1.7 to 1.8 times depreciation and amortization. Currently, AI revenue is approximately 1.2 times capital expenditure depreciation. Erkan projects that if AI sales grow robustly, the ROI is expected to turn positive within 24 months.
19 minutes ago
Michael Saylor: Strategy is operational
Michael Saylor issued a statement noting that Bitcoin is operating normally, and so are we (Strategy).
19 minutes ago
A renowned Chinese hedge fund manager has warned that global AI stocks have formed a "super bubble".
Two renowned Chinese hedge fund managers have warned that global AI stocks have formed a "super bubble" and are on the verge of bursting. Yang Dong, founder of Ningquan Asset, explicitly warned in the "2026 Semi-Annual Investment Report" released on June 23 that a "super bubble" has formed in global AI stocks, and a crash may be imminent. The report bluntly stated that a large number of hot A-share stocks are very likely to drop by 80% or even over 90% in the future, adding that "if one lacks the ability to pull chestnuts out of the fire and emerge unscathed, taking such risks would be irresponsible to investors." Yang Dong accurately predicted the peak of the 2007 bull market. Separately, Li Bei, founder of Shanghai-based Banxia Investment, noted in her June 21 monthly report "To Banxia Investors" that "the triggering conditions for the AI bubble to burst have emerged." Taking Anthropic's ARR (Annualized Run Rate) as an example, she argued that revenue growth at downstream model companies has slowed significantly, their full-year results are likely to fall well short of market expectations, and a subsequent decline in capital expenditure is highly probable.
19 minutes ago
An address linked to Vitalik has transferred 7,000 ETH, and is likely to deposit the funds into a centralized exchange (CEX).
According to monitoring by Onchain Lens, a wallet linked to Vitalik, labeled "0xD04", transferred 7,000 ETH (valued at $11.06 million) to a new wallet. Based on the address’s historical transaction records, the ETH is highly likely to be deposited into a centralized exchange (CEX). Earlier, the same wallet transferred 1,300 ETH (worth $31.6 million), which was subsequently deposited into Paxos. The wallet currently holds 20,001 ETH, valued at $31.6 million.
19 minutes ago
Hong Kong government: Regulated stablecoins are expected to launch between mid-year and the second half of this year.
Hong Kong’s government stated in a written response to the Legislative Council that the Hong Kong Monetary Authority (HKMA) granted stablecoin issuer licenses to two bank-backed institutions in April 2026. Per the institutions’ existing business plans, Hong Kong’s regulated stablecoins are projected to launch between mid-year and the second half of this year. The government added that the HKMA has sent notices to unregulated entities conducting stablecoin issuance in the market to clarify legal requirements, and will continue to follow up on related matters; individual cases may be referred to the police or the Department of Justice if necessary. Additionally, the government will submit a bill to the Legislative Council this year to establish a regulatory regime for virtual asset trading, custody, advisory and management service providers.
19 minutes ago
The Israeli military will reduce its forces stationed in southern Lebanon.
According to Israel's Army Radio, the Israeli military will reduce its forces stationed in southern Lebanon and withdraw several combat brigades.
Framework Ventures Leads $60 Million Funding Round for Mecka AI, Holds Major Positions in Hyperliquid, Plasma, Sky
PANews reported on June 27 that Framework Ventures stated on X that it recently led a $60 million funding round for Mecka AI, a physical AI company. Framework Ventures said its confidence in digital assets remains firm and it holds major positions in Hyperliquid, Plasma, and Sky.
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Europol Seizes Approximately $47 Million in Illicit Cryptocurrency in a Law Enforcement Operation
Viewpoint: If AI sales grow strongly, the return on capital expenditure for AI operators is expected to turn positive within 24 months.
Renowned researcher Oguz Erkan’s data analysis indicates that based on current capital costs, operating margins of hyperscale cloud service providers, and depreciation periods, the return on investment (ROI) for AI capital expenditure will turn positive when AI revenue reaches roughly 1.7 to 1.8 times depreciation and amortization. Currently, AI revenue is approximately 1.2 times capital expenditure depreciation. Erkan projects that if AI sales grow robustly, the ROI is expected to turn positive within 24 months.
19 minutes ago
Michael Saylor: Strategy is operational
Michael Saylor issued a statement noting that Bitcoin is operating normally, and so are we (Strategy).
19 minutes ago
A renowned Chinese hedge fund manager has warned that global AI stocks have formed a "super bubble".
Two renowned Chinese hedge fund managers have warned that global AI stocks have formed a "super bubble" and are on the verge of bursting. Yang Dong, founder of Ningquan Asset, explicitly warned in the "2026 Semi-Annual Investment Report" released on June 23 that a "super bubble" has formed in global AI stocks, and a crash may be imminent. The report bluntly stated that a large number of hot A-share stocks are very likely to drop by 80% or even over 90% in the future, adding that "if one lacks the ability to pull chestnuts out of the fire and emerge unscathed, taking such risks would be irresponsible to investors." Yang Dong accurately predicted the peak of the 2007 bull market. Separately, Li Bei, founder of Shanghai-based Banxia Investment, noted in her June 21 monthly report "To Banxia Investors" that "the triggering conditions for the AI bubble to burst have emerged." Taking Anthropic's ARR (Annualized Run Rate) as an example, she argued that revenue growth at downstream model companies has slowed significantly, their full-year results are likely to fall well short of market expectations, and a subsequent decline in capital expenditure is highly probable.
19 minutes ago
An address linked to Vitalik has transferred 7,000 ETH, and is likely to deposit the funds into a centralized exchange (CEX).
According to monitoring by Onchain Lens, a wallet linked to Vitalik, labeled "0xD04", transferred 7,000 ETH (valued at $11.06 million) to a new wallet. Based on the address’s historical transaction records, the ETH is highly likely to be deposited into a centralized exchange (CEX). Earlier, the same wallet transferred 1,300 ETH (worth $31.6 million), which was subsequently deposited into Paxos. The wallet currently holds 20,001 ETH, valued at $31.6 million.
19 minutes ago
Hong Kong government: Regulated stablecoins are expected to launch between mid-year and the second half of this year.
Hong Kong’s government stated in a written response to the Legislative Council that the Hong Kong Monetary Authority (HKMA) granted stablecoin issuer licenses to two bank-backed institutions in April 2026. Per the institutions’ existing business plans, Hong Kong’s regulated stablecoins are projected to launch between mid-year and the second half of this year. The government added that the HKMA has sent notices to unregulated entities conducting stablecoin issuance in the market to clarify legal requirements, and will continue to follow up on related matters; individual cases may be referred to the police or the Department of Justice if necessary. Additionally, the government will submit a bill to the Legislative Council this year to establish a regulatory regime for virtual asset trading, custody, advisory and management service providers.
19 minutes ago
The Israeli military will reduce its forces stationed in southern Lebanon.
According to Israel's Army Radio, the Israeli military will reduce its forces stationed in southern Lebanon and withdraw several combat brigades.
The US military struck Iranian missile and drone storage facilities on June 26, 2026, following a drone attack on a Singapore-flagged commercial vessel in the Strait of Hormuz. The vessel, the M/V Ever Lovely, was targeted on June 25, 2026, in one of the most strategically sensitive waterways on the planet.
Iran’s Islamic Revolutionary Guard Corps did not sit quietly. The IRGC announced it had retaliated by targeting US military positions across the region, accusing Washington of violating previously established ceasefire conditions.
What happened and why it matters The US strikes hit missile and drone storage sites as well as coastal radar installations inside Iran. That last target is significant: coastal radar is what Iran uses to track shipping traffic through the Strait of Hormuz.
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This exchange is part of a broader pattern of escalating tit-for-tat actions between Washington and Tehran that has accelerated through 2026, erupting following extensive US-Israeli military operations targeting Iranian military and leadership enclaves in late February 2026.
Bitcoin dropped below $73,000 during the initial US strikes on Iran in May 2026, triggering nearly $1 billion in leveraged liquidations across the market.
Bitcoin as a geopolitical barometer By the time the June escalation unfolded, Bitcoin was already trading in the $61,000 to $62,000 range, a meaningful retreat from the levels it held before the conflict intensified.
The nearly $1 billion in liquidations during the May strikes underscores how leveraged the crypto market remains. Leveraged positions amplify both gains and losses, and when a macro shock hits, margin calls cascade through the system rapidly.
The Strait of Hormuz angle adds an oil price dimension to the equation. If maritime traffic through the strait faces sustained disruption, energy prices climb. Higher energy prices feed inflation concerns, which complicate the Federal Reserve’s policy posture, which in turn affects how investors weigh risk assets including crypto.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
TLDR: Bitcoin still trades above its realized price, a level every major bear market bottom has historically tested first. CryptoQuant CEO Ki Young Ju warns BTC may need to fall further before a true cycle bottom is confirmed on-chain. Spot ETF flows and institutional demand have changed how Bitcoin absorbs sell pressure compared to previous cycles. CryptoQuant’s Bull-Bear Cycle Indicator turned green in May 2023, conflicting with Ju’s longer-term bearish PnL outlook. Bitcoin’s most pressing question right now is whether the market has finally reached its cycle bottom. CryptoQuant CEO Ki Young Ju says the answer, based on on-chain data, remains no.
His argument centers on realized price, the average acquisition cost of all circulating Bitcoin weighted by last on-chain movement.
At press time, BTC trades at $59,974.49, up 0.5% in 24 hours but down 5.46% over seven days, keeping the bottom debate very much alive.
What On-Chain Data Says About a Bitcoin Bottom Realized price has historically served as the final checkpoint before Bitcoin confirms a bear market floor. During the 2015, 2018, and 2022 cycles, spot price approached or briefly fell below that level before any sustained recovery took hold.
Those moments marked peak unrealized losses across the network and preceded the most significant accumulation phases of each cycle.
Ki Young Ju notes that risk and reward tend to improve sharply as price nears investors’ cost basis, and that every major cycle has previously touched the realized price.
Bitcoin has pulled back hard from its 2025 highs, yet it still trades above that threshold. That gap is what Ju identifies as unfinished business within the current bear phase.
Ki Young Ju warned that unless “this time is different,” Bitcoin may still need to fall further before a true cycle bottom forms.
The phrase carries weight in crypto circles, where dismissing historical patterns has repeatedly cost market participants. His logarithmic chart analysis shows the current structure does not yet resemble previous confirmed bottoms.
Ju adds that if Bitcoin does not touch its realized price in the current cycle, it may indicate that market dynamics are shifting fundamentally.
That caveat is important. It leaves room for a new bottoming structure driven by forces that did not exist in prior cycles, including spot ETFs and institutional custody flows.
Why This Cycle May Bottom Differently Today’s Bitcoin market carries far more institutional infrastructure than any previous bear phase. Spot ETFs, corporate treasury programs, and derivatives desks now absorb sell pressure in ways that can prevent the kind of capitulation seen in earlier cycles.
That structural change may be why realized price has not yet been tested despite months of declining prices.
Ki Young Ju noted that despite elevated selling pressure and growth in realized capitalization, Bitcoin’s price has fallen, suggesting only a shift in holdings among existing investors rather than genuine new demand entering the market.
That reading points to a market still working through distribution rather than one that has cleared its supply overhang.
CryptoQuant’s Bull-Bear Cycle Indicator did turn green on May 12 for the first time since March 2023, a signal that has historically aligned with the start of more constructive market conditions.
That reading runs counter to Ju’s longer-term PnL framework, showing conflicting signals even within the same analytical firm. The split reflects how difficult it is to time a bottom using any single metric.
Analysts tracking ETF flows, Coinbase Premium, stablecoin liquidity, and miner selling activity alongside realized price get a fuller picture of true demand.
Bitcoin’s recovery toward $61,000 has been treated as a relief bounce rather than a confirmed reversal, with market participants evaluating whether demand is strong enough to sustain the move or whether selling pressure will return around key liquidity zones. Until fresh capital visibly enters the market, the bottom question stays open.
British billionaire investor Jeremy Grantham has argued that Bitcoin will gradually lose its significance over time and that, in the long run, its value could approach zero. Speaking in an interview on CNBC, Grantham described Bitcoin as non-functional and highly speculative.
Sharp criticism directed at BitcoinAs a co-founder of investment firm GMO and well-known for identifying financial bubbles, Grantham reiterated his warnings in his latest assessment of Bitcoin. Instead of a sudden crash, he predicted a slow, prolonged decline in value stretched across several years. Grantham believes this descent will not come with dramatic collapses, but rather through a gradual drop in relevance.
Jeremy Grantham maintains that rather than experiencing a sudden crash, Bitcoin will steadily lose strength over the years and ultimately become irrelevant.
He also dismissed the argument that Bitcoin is a reliable hedge or a robust store of value. Pointing to times when the cryptocurrency’s price halved even amid strong economic conditions, Grantham made clear he does not see Bitcoin as a stable measure of value.
Gold comparison and debate over practical useGrantham highlighted that gold saw a strong rally over the same period and used this comparison to challenge the narrative that Bitcoin offers protection in times of crisis. According to him, Bitcoin’s price swings are pronounced and difficult to predict, undermining its credibility as a safe haven asset.
He further argued that Bitcoin is not used as actual money in everyday economic life. People rarely use it for routine transactions or supermarket shopping, Grantham observed, concluding that Bitcoin’s practical functionality remains highly questionable.
In Grantham’s view, Bitcoin is neither a trustworthy store of value nor a widely used payment mechanism in daily life—leaving its basic function ambiguous.
Criticism of the network structure and underlying valueGrantham also took aim at Bitcoin’s proof-of-work system, which underpins the network’s security. He highlighted the substantial energy consumption required for Bitcoin mining, asserting that this setup fails to create something economically valuable.
Glossary: Proof-of-work is a consensus mechanism where miners use computational power to validate transactions on the blockchain. The Bitcoin network relies on this system, which has sparked debate due to its high energy usage in exchange for network security.
According to Grantham, the Bitcoin ecosystem is driven mainly by price expectations rather than tangible financial fundamentals. He stressed that it does not generate dividends or represent an asset that produces cash flow or has physical backing, arguing that the system is largely based on collective belief.
Grantham’s remarks have reignited longstanding debates over Bitcoin’s practical usage, its effectiveness as a store of value, and the sustainability of its underlying technology. The statements once again spotlight the divide between traditional finance circles and digital asset proponents when it comes to evaluating the fundamental value of crypto assets.
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.
Ripple CEO Condemns Strategy's Bitcoin Acquisition Strategy, Says It Harms the Crypto Market
PANews June 27 news, according to The Block, Ripple CEO Brad Garlinghouse condemned the way Strategy and its chairman Michael Saylor fund Bitcoin purchases during a CNBC interview. "Financial engineering does not create long-term value … the long-term value of any digital asset will be driven by utility." "The team around Michael Saylor is not focused on the right things, and this is hurting the entire market."
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Europol Seizes Approximately $47 Million in Illicit Cryptocurrency in a Law Enforcement Operation
Viewpoint: If AI sales grow strongly, the return on capital expenditure for AI operators is expected to turn positive within 24 months.
Renowned researcher Oguz Erkan’s data analysis indicates that based on current capital costs, operating margins of hyperscale cloud service providers, and depreciation periods, the return on investment (ROI) for AI capital expenditure will turn positive when AI revenue reaches roughly 1.7 to 1.8 times depreciation and amortization. Currently, AI revenue is approximately 1.2 times capital expenditure depreciation. Erkan projects that if AI sales grow robustly, the ROI is expected to turn positive within 24 months.
14 minutes ago
Michael Saylor: Strategy is operational
Michael Saylor issued a statement noting that Bitcoin is operating normally, and so are we (Strategy).
14 minutes ago
A renowned Chinese hedge fund manager has warned that global AI stocks have formed a "super bubble".
Two renowned Chinese hedge fund managers have warned that global AI stocks have formed a "super bubble" and are on the verge of bursting. Yang Dong, founder of Ningquan Asset, explicitly warned in the "2026 Semi-Annual Investment Report" released on June 23 that a "super bubble" has formed in global AI stocks, and a crash may be imminent. The report bluntly stated that a large number of hot A-share stocks are very likely to drop by 80% or even over 90% in the future, adding that "if one lacks the ability to pull chestnuts out of the fire and emerge unscathed, taking such risks would be irresponsible to investors." Yang Dong accurately predicted the peak of the 2007 bull market. Separately, Li Bei, founder of Shanghai-based Banxia Investment, noted in her June 21 monthly report "To Banxia Investors" that "the triggering conditions for the AI bubble to burst have emerged." Taking Anthropic's ARR (Annualized Run Rate) as an example, she argued that revenue growth at downstream model companies has slowed significantly, their full-year results are likely to fall well short of market expectations, and a subsequent decline in capital expenditure is highly probable.
14 minutes ago
An address linked to Vitalik has transferred 7,000 ETH, and is likely to deposit the funds into a centralized exchange (CEX).
According to monitoring by Onchain Lens, a wallet linked to Vitalik, labeled "0xD04", transferred 7,000 ETH (valued at $11.06 million) to a new wallet. Based on the address’s historical transaction records, the ETH is highly likely to be deposited into a centralized exchange (CEX). Earlier, the same wallet transferred 1,300 ETH (worth $31.6 million), which was subsequently deposited into Paxos. The wallet currently holds 20,001 ETH, valued at $31.6 million.
14 minutes ago
Hong Kong government: Regulated stablecoins are expected to launch between mid-year and the second half of this year.
Hong Kong’s government stated in a written response to the Legislative Council that the Hong Kong Monetary Authority (HKMA) granted stablecoin issuer licenses to two bank-backed institutions in April 2026. Per the institutions’ existing business plans, Hong Kong’s regulated stablecoins are projected to launch between mid-year and the second half of this year. The government added that the HKMA has sent notices to unregulated entities conducting stablecoin issuance in the market to clarify legal requirements, and will continue to follow up on related matters; individual cases may be referred to the police or the Department of Justice if necessary. Additionally, the government will submit a bill to the Legislative Council this year to establish a regulatory regime for virtual asset trading, custody, advisory and management service providers.
14 minutes ago
The Israeli military will reduce its forces stationed in southern Lebanon.
According to Israel's Army Radio, the Israeli military will reduce its forces stationed in southern Lebanon and withdraw several combat brigades.
Is it still too early to call the current risk-off phase anything apart from a full-blown bear market?
Looking at the hard data, it increasingly makes sense to compare this cycle with 2022, which remains the worst Bitcoin bear market on record, with BTC closing the year down over 65%.
That said, Q3 could be the deciding factor, especially after Q2, when BTC is already down over 12%.
As the chart below shows, the stakes for Q3 are high. Technically, Bitcoin hasn’t printed three consecutive bearish quarters since the 2022 cycle.
But after a 22% drawdown in Q1 and 12.2% in Q2, another negative Q3 would start to shift this from a cyclical pullback into something closer to a structural downtrend.
Source: CoinGlass Bitcoin bears gain ground as Strategy’s risks build The whole value proposition of digital treasuries (DATs) really comes down to creating shareholder value.
The logic is simple: Unlike holding Bitcoin or gold, where upside is purely driven by price appreciation, these DATs aim to generate value through things like share buybacks, dividends, and broader capital allocation strategies that actively return capital to shareholders.
STRC is no exception, with its 11.5% dividend yield.
That said, STRC looks set to close Q2 with its weakest cycle on record, down nearly 25%. This comes alongside pressure in MSTR, with the stock recently slipping below $85.50.
Strategy is sitting on about a $14 billion unrealized loss, while its 11.5% dividend comes out to roughly $1.2 billion in annual payouts.
Source: TradingView (STRC/USD) In other words, Strategy’s ability to sustain STRC’s dividend now becomes a key test.
Against this backdrop, it’s no surprise STRC has come under heavy selling pressure as shareholder value weakens. While Arkham Intelligence has ruled out a Terra-LUNA-style collapse, the stock’s weakness still raises questions about Strategy’s ability to keep buying Bitcoin.
From a market perspective, that keeps the risk of deeper capitulation in play.
If that happens, BTC could easily end Q3 in the red, putting it on track to post its first three consecutive bearish quarters since the 2022 bear market.
Final Summary Bitcoin could post its first three straight bearish quarters since 2022 as selling pressure continues to build. STRC’s sharp decline and Strategy’s growing unrealized Bitcoin losses are raising concerns over dividend sustainability and future Bitcoin purchases.
In brief Strategy’s flagship preferred stock drifted further away from its $100 par value, setting another record low as Bitcoin’s price steadied. Analysts have grown increasingly fixated on the company’s capital structure, particularly recurring costs tied to Stretch (STRC). As the Bitcoin-buying firm’s stockpile sat $13.1 billion underwater, Michael Saylor emphasized Strategy’s focus on disciplined capital allocation. Strategy’s flagship preferred stock tumbled again on Friday when U.S. markets opened, setting another record low as Bitcoin lingered below the $60,000 mark.
After the opening bell, the dividend-paying product known as Stretch (STRC) swiftly fell to a new low of $71.25 before firming to $75.30, a nearly 0.5% decrease on the day, according to Yahoo Finance. That marked a nearly 25% decline from the level at which STRC is engineered to trade.
The preferred stock’s recent weakness has intensified focus on the Bitcoin-buying firm’s capital structure, with analysts calling on Strategy Executive Chairman and co-founder Michael Saylor to shore up more cash to withstand the company’s recurring costs.
In an X post, Saylor acknowledged that “volatility tests every capital structure,” while emphasizing that the company remains focused on the leading digital asset by market cap, “disciplined capital allocation, credit quality, and long-term value creation.”
Over the past week, Bitcoin’s price has fallen roughly 5% to $60,130, a slight recovery compared to a 21-month low of $58,188 on Thursday, according to CoinGecko. The period has been marked by intense outflows from exchange-traded funds and a looming options expiry, with $10.6 billion worth of positions drawing closer to settlement on Deribit.
On Thursday, Andy Baehr, managing director of asset management crypto trading firm GSR, told Decrypt that market observers are trying to clock Strategy’s cash burn as STRC’s volatility tests the faith of swaths of investors who bought the product likened to a bank account.
“They suspect that Michael Saylor has painted himself into a corner, and that his tablets of commandments may crumble,” he said. “I reckon that most [STRC] buyers did not sign up for a 25% drawdown. They came for yield.”
In less than a year, Strategy has issued more than $10 billion worth of STRC, resulting in what CryptoQuant described this week as ballooning costs. The company had $2.25 billion to manage dividends and debt in January, but since then, its cash cushion has worn relatively thin.
The South Korean analytics platform noted that, as Strategy’s stash of Bitcoin trades underwater, any sales beyond its liquidation of 32 Bitcoin announced earlier this month could crystalize losses for common shareholders and erode shareholder value.
The company’s stock fell as low as $82.33 before momentarily turning positive on the day. At $85.80 apiece, the company’s shares had ticked up roughly 0.5% on Friday.
At Bitcoin's recent price, Strategy’s stockpile of 847,363 BTC was worth close to $51 billion, or around $13.1 billion underwater.
Nic Carter, founding partner of investment firm Castle Island Ventures, posited in an X post on Thursday that Strategy will need to hike STRC’s dividend for an eighth time since its introduction, assessing the product through the lens of a junk bond investor.
Although STRC currently offers an 11.5% annual dividend, the implied yield becomes higher for investors as it drifts further away from its $100 par value. At its current level, investors are essentially demanding more than 15% returns to gain exposure to the product.
“Because the structure is unsustainable and requires the perpetual monetization of the common equity, which is trading near par,” he added, “it will continue to trade at a discount unless Strategy hikes the yield on STRC to the appropriate range, which is 15-20% in my opinion.”
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Viewpoint: If AI sales grow strongly, the return on capital expenditure for AI operators is expected to turn positive within 24 months.
Renowned researcher Oguz Erkan’s data analysis indicates that based on current capital costs, operating margins of hyperscale cloud service providers, and depreciation periods, the return on investment (ROI) for AI capital expenditure will turn positive when AI revenue reaches roughly 1.7 to 1.8 times depreciation and amortization. Currently, AI revenue is approximately 1.2 times capital expenditure depreciation. Erkan projects that if AI sales grow robustly, the ROI is expected to turn positive within 24 months.
14 minutes ago
Michael Saylor: Strategy is operational
Michael Saylor issued a statement noting that Bitcoin is operating normally, and so are we (Strategy).
14 minutes ago
A renowned Chinese hedge fund manager has warned that global AI stocks have formed a "super bubble".
Two renowned Chinese hedge fund managers have warned that global AI stocks have formed a "super bubble" and are on the verge of bursting. Yang Dong, founder of Ningquan Asset, explicitly warned in the "2026 Semi-Annual Investment Report" released on June 23 that a "super bubble" has formed in global AI stocks, and a crash may be imminent. The report bluntly stated that a large number of hot A-share stocks are very likely to drop by 80% or even over 90% in the future, adding that "if one lacks the ability to pull chestnuts out of the fire and emerge unscathed, taking such risks would be irresponsible to investors." Yang Dong accurately predicted the peak of the 2007 bull market. Separately, Li Bei, founder of Shanghai-based Banxia Investment, noted in her June 21 monthly report "To Banxia Investors" that "the triggering conditions for the AI bubble to burst have emerged." Taking Anthropic's ARR (Annualized Run Rate) as an example, she argued that revenue growth at downstream model companies has slowed significantly, their full-year results are likely to fall well short of market expectations, and a subsequent decline in capital expenditure is highly probable.
14 minutes ago
An address linked to Vitalik has transferred 7,000 ETH, and is likely to deposit the funds into a centralized exchange (CEX).
According to monitoring by Onchain Lens, a wallet linked to Vitalik, labeled "0xD04", transferred 7,000 ETH (valued at $11.06 million) to a new wallet. Based on the address’s historical transaction records, the ETH is highly likely to be deposited into a centralized exchange (CEX). Earlier, the same wallet transferred 1,300 ETH (worth $31.6 million), which was subsequently deposited into Paxos. The wallet currently holds 20,001 ETH, valued at $31.6 million.
14 minutes ago
Hong Kong government: Regulated stablecoins are expected to launch between mid-year and the second half of this year.
Hong Kong’s government stated in a written response to the Legislative Council that the Hong Kong Monetary Authority (HKMA) granted stablecoin issuer licenses to two bank-backed institutions in April 2026. Per the institutions’ existing business plans, Hong Kong’s regulated stablecoins are projected to launch between mid-year and the second half of this year. The government added that the HKMA has sent notices to unregulated entities conducting stablecoin issuance in the market to clarify legal requirements, and will continue to follow up on related matters; individual cases may be referred to the police or the Department of Justice if necessary. Additionally, the government will submit a bill to the Legislative Council this year to establish a regulatory regime for virtual asset trading, custody, advisory and management service providers.
14 minutes ago
The Israeli military will reduce its forces stationed in southern Lebanon.
According to Israel's Army Radio, the Israeli military will reduce its forces stationed in southern Lebanon and withdraw several combat brigades.
PANews June 27 news, according to SoSoValue data, yesterday (Eastern Time June 26) Bitcoin spot ETF total net outflow was $445 million.
Yesterday's single-day net outflow leader among Bitcoin spot ETFs was Blackrock ETF IBIT, with a single-day net outflow of $445 million. As of now, IBIT's historical total net inflow has reached $60.766 billion.
As of press time, the total net asset value of Bitcoin spot ETFs stands at $72.818 billion, the ETF net asset ratio (market cap as a percentage of Bitcoin's total market cap) has reached 6.08%, and the historical cumulative net inflow has reached $51.606 billion.
Bitcoin ETFs are witnessing significant outflows, with over $1.3 billion withdrawn in the past week as the cryptocurrency's slump deepens. This marks a departure from previous trends where ETF investors typically bought dips. BlackRock's IBIT leads these departures, signaling a shift as investors reduce exposure rather than accumulate. Despite a challenging market, many crypto veterans remain optimistic about a future recovery.
Listen to this article in summarized format
TIL CreativesThe investors who were supposed to bring stability to Bitcoin are heading for the exits.
US spot-Bitcoin exchange-traded funds have suffered more than $1.3 billion of withdrawals over the past week as the cryptocurrency’s slump deepens, marking a sharp break from the pattern that defined previous selloffs when ETF investors routinely stepped in to buy the dip. BlackRock’s IBIT has seen the largest net departures at $860 million so far this week. That puts it on pace to mark its seventh straight week of outflows, the longest streak on record.
The outflows from recent sessions mark “one of the most persistent periods of capital withdrawal since the ETFs launched” back in 2024, wrote analysts at Glassnode in a note. “This time, however, sustained redemptions indicate that many investors are choosing to reduce exposure rather than accumulate into the drawdown.”
Crypto Tracker
TOP COINS (₹)
149,409 (0.16%)
5,704,577 (0.06%)
94 (-0.1%)
94 (-0.13%)
53,288 (-0.84%)
All in all, the outpouring out of the funds adds up to some $4.5 billion so far this year, according to data compiled by Bloomberg.
Bloomberg
Bitcoin and other cryptocurrencies haven’t been able to start a meaningful recovery since an October shock selloff sparked a mass evacuation from the market. The total value of the crypto market now hovers around $2 trillion, down from more than $4 trillion in early October, according to CoinMarketCap. The industry is now having a hard time attracting back capital as investors large and small find more enticing opportunities in AI or get distracted by the instantaneous get-rich-quick thrills offered on prediction market platforms.
More recent weakness in the market has been triggered by the sale of Bitcoin by Michael Saylor’s Strategy Inc., which had been accumulating the token for years. But a relatively small offload — of 32 Bitcoin — in recent weeks was enough to send anxiety swirling among investors who had been counting on the firm to be a buyer no matter the market backdrop.
Within ETFs, the $44.4 billion IBIT had been a speedy accumulator of cash following its 2024 launch, with the average dollar invested sitting at a 30% gain by mid-2025, meaning that its value had grown by that much above what investors had put in, according to Bespoke Investment Group. But given Bitcoin’s declines, the typical investor is now sitting on losses of about 40%.
“Those assets are hurting,” wrote analysts at Bespoke of investors’ original investments. “It’s safe to describe that as of right now, Bitcoin ETFs have been an absolute disaster for investors, though, of course, a fresh rally for crypto down the road could turn that story around.”
That’s the thinking among many crypto investors — that things will eventually turn around.
If any characteristic is ingrained within crypto investors it’s that of eternal optimism about the market. Digital assets spawned from a string of code and a whitepaper to now underpin a growing chunk of traditional payment rails, fuel a whole industry of startups, rework old-school playbooks on how trading is done — and much more. Crypto prices will recover, the mantra goes. They always do.
The original “old guard” of crypto is “quite sanguine with respect to this drop,” said Timothy Enneking, managing partner at Psalion. “They’re not worried about this because it is actually a reduction in volatility from the last four-year cycle.”
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Bitdeer Maintains Zero Bitcoin Holdings, Sells 253.9 BTC This Week
PANews June 27 news, Nasdaq-listed Bitcoin mining company Bitdeer released its latest Bitcoin holdings data on X platform. As of the week of June 26, its Bitcoin mining output was 253.9 BTC, but it sold 253.9 BTC in the same period, resulting in a net increase of 0 BTC, and it still maintains zero Bitcoin holdings.
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Author: PA一线
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Terra Luna Classic [LUNC] has been in the news lately after ranking among the market’s top gainers. In fact, the crypto posted double-digit gains over the last 24 hours, even as Bitcoin [BTC] and other cryptocurrencies bled notably.
LUNC’s strength isn’t new though. On 14th of June, AMBCrypto reported how the altcoin staged a run that hit 34%, while the broader altcoin market stayed subdued with gains of just 6%.
Its latest rally has now raised the question of whether LUNC can hold its gains, even with both volume and price climbing. This is a combination that typically points to a sustained bullish market.
LUNC fundamentals flash a clear retail warning The altcoin seemed to be carrying a clear fundamental warning, particularly in how retail investors have been treating it. Consider this – Google Search Trends, a key proxy for gauging retail search interest in an asset, has plummeted notably.
At press time, the Google Search Trends reading had dropped to roughly 21 – Its lowest since LUNC set a high in early May. This was when interest climbed as high as 95 on the charts.
Source: Google Trend Search Trends gauge retail sentiment, where higher search points to curiosity and a tendency for this group to rotate capital into the asset. On the contrary, lower search hints at the opposite.
That’s not all as Community Sentiment, a tool where investors mark their outlook by voting bullish or bearish, revealed that interest has since dropped too. In fact, the share of bullish investors slipped by roughly 5% to just 73%.
A decline across both sentiment gauges raises the chances that the price could follow suit and slide lower in the near term.
LUNC capital base shrinks across spot and perpetual venues The spot and perpetual venues for LUNC also flashed a clear signal, with capital outflows on both sides of the market emerging as a key concern.
At the time of writing, the spot market chart revealed striking capital leaving the asset – A sign that investors may be stepping out.
This has held as a pattern for the past three days, even before the asset staged any notable rally, with roughly $260,000 in netflows. In fact, LUNC recorded roughly $620,000 in outflows over the last 24 hours alone.
The perpetual market seemed to tell us a similar story as capital shrunk across the board. Shrinking capital means traders are less willing to take on risk, betting the asset may be sitting in a highly volatile phase and steering clear of liquidations.
Source: CoinGlass The pull-back appeared to run even deeper in the perpetual market, where outflows dropped across the last 24 hours, three days, seven days and 10 days, peaking at $2.05 million.
Shrinking perpetual capital, paired with investors cashing out of the spot market, leaves the asset without a sufficient base to push to the upside. This could put the ongoing rally at risk of a decline in the short to near term.
Final Summary LUNC climbed by double digits while most of the market slipped, but the interest behind the move may be fading fast. Money has been leaving LUNC on both sides of the market, a sign that traders may be quietly cashing out.
Ripple CEO Brad Garlinghouse has openly challenged Strategy Chairman Michael Saylor’s Bitcoin buying model, stating that financial engineering cannot replace real-world utility.
His comments come while Strategy continues to accumulate more bitcoin, even when Bitcoin continues to fall close to $58,000.
Ripple CEO Says Saylor Is Focusing on the Wrong StrategySpeaking in a recent CNBC interview, Garlinghouse said that crypto companies should focus on building products people actually use instead of relying on financial engineering to boost Bitcoin holdings.
“Financial engineering does not drive long-term value.” “The long-term value of any digital asset is going to be driven by utility.”
According to Garlinghouse, assets that provide real-world use naturally attract demand, liquidity, and trust over time. Simply borrowing more money to buy additional Bitcoin does not create lasting value.
He also took direct aim at Michael Saylor’s approach, saying that
“Team Michael Saylor wasn’t focused on the right stuff, and that has hurt the overall market.”
He said this type of financial engineering may generate short-term excitement, but it does little to create lasting value for the crypto industry.
Leverage Is Making Bitcoin Drops WorseFurther, in an interview, Garlinghouse said that the strategy saw gains during Bitcoin’s rally, and it is now creating even more pressure during the market crash.
“I think because they were using leverage… You start to see that in a place that can actually compound negatively.”
He specifically pointed to Strategy’s STRC preferred shares, which now trade roughly 25% below their $100 par value, calling it “a pretty damning indictment.”
He described Bitcoin as “digital gold,” noting that transferring $300 billion worth of Bitcoin can be completed far faster and more efficiently than moving the same value in physical gold.
Ripple Pushes Institutional Blockchain AdoptionWhile praising Bitcoin’s role as digital gold, Garlinghouse pointed out Ripple’s different strategy. He said Ripple is focused on bringing traditional finance onto blockchain through XRP-powered payment infrastructure.
According to Garlinghouse, Ripple processed nearly $16 trillion in payment and prime brokerage volume last year through its expanding financial network.
As of now, Ripple’s XRP is trading around $1.05, seeing a jump of 2.5% in the last 24 hours.
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Brad Garlinghouse has criticized Michael Saylor’s Bitcoin acquisition strategy, arguing that Strategy’s reliance on preferred stock financing has failed to create lasting value as its securities continue to weaken.
Summary
Brad Garlinghouse criticized Strategy’s Bitcoin funding model, arguing long-term value should come from utility rather than financial engineering. Growing scrutiny of Strategy includes a shareholder investigation, insider share sales, and CryptoQuant’s call to preserve cash. Anchorage Digital said investors remain defensive, but options markets are not signaling expectations of a company-specific crisis. According to comments made during a CNBC interview on Friday, Ripple CEO Brad Garlinghouse criticized Michael Saylor’s approach to financing Bitcoin purchases through Strategy’s capital markets program, saying long-term value in crypto should come from real-world utility rather than financial engineering.
Questioning whether the model can continue rewarding shareholders over time, Garlinghouse argued that issuing securities to fund additional Bitcoin purchases does not create sustainable value. He added that Strategy’s focus on financial structuring has had negative consequences for the digital asset market.
“Financial engineering does not drive long-term value … long-term value of any digital asset is going to be driven by utility.”
Although he challenged Strategy’s funding model, Garlinghouse maintained that he remains bullish on Bitcoin itself. His comments came as Bitcoin briefly traded below $60,000 on Friday, extending pressure across companies closely tied to the cryptocurrency.
Strategy’s preferred stock has come under pressure Garlinghouse pointed to Strategy’s STRC preferred shares as evidence that investors are becoming more cautious about the company’s financing structure. He noted that the preferred stock has fallen roughly 25% below its $100 face value, describing the decline as a sign that investors are questioning the sustainability of the approach.
Strategy has spent roughly the past year raising capital through preferred securities, including STRC, to finance additional Bitcoin purchases. The instrument also carries an 11.5% cumulative annual dividend obligation, leaving the company with continuing dividend commitments alongside its expanding Bitcoin treasury.
At the same time, scrutiny has widened beyond Garlinghouse’s criticism. Earlier this week, on-chain analytics firm CryptoQuant recommended that Strategy pause further Bitcoin purchases and instead strengthen its cash reserves as market conditions remain difficult.
Additional pressure has emerged from legal developments. As crypto.news reported previously, Rosen Law Firm has opened an investigation into whether Strategy made materially inaccurate business disclosures to investors. According to the firm, it is evaluating potential securities claims and considering a possible class action lawsuit on behalf of shareholders who suffered losses.
Investor scrutiny has continued despite mixed market signals Selling by company insiders has added another layer to investor concerns. SEC filings show Strategy director Jarrod Patten exercised options to acquire 1,500 Class A shares on June 23 before selling the entire position the same day at $106.08 per share, generating an estimated pre-tax gain of about $131,766.
The latest transaction extends a months-long selling streak. Regulatory filings indicate Patten has sold 55,750 Strategy shares over the past three months for roughly $9 million in proceeds, with the sales taking place as investors continue debating the company’s reliance on repeated share issuance and leveraged Bitcoin accumulation.
Even so, derivatives markets are not signaling expectations of an immediate company-specific crisis. According to new research from Anchorage Digital, traders continue paying elevated premiums for downside protection across Bitcoin, BlackRock’s iShares Bitcoin Trust and Strategy shares, but options pricing remains well below levels seen during previous periods of severe stress.
Anchorage Digital’s head of research, David Lawant, wrote that while defensive positioning has risen into the upper range of historical readings, Strategy’s options market has not reached the conditions normally associated with forced deleveraging or fears of a breakdown in the company’s business model.
The cryptocurrency market is ending a turbulent week as the leading cryptocurrency, Bitcoin (BTC), fell below the critical $60,000 support level.
According to data from the analytics platform Santiment, Bitcoin is struggling to hold just above this psychological threshold, having experienced a weekly drop of approximately 4.6%. However, the price occasionally falling below $60,000 has fueled bearish sentiment on social media.
Following the sharp market downturn, the community is targeting Michael Saylor and his company MicroStrategy (now Strategy), who hold a massive amount of Bitcoin. The fact that Bitcoin’s price has lost more than 50% of its value since its peak of $126,000 in October has exhausted investors’ patience.
Shareholders and law firms are preparing to initiate legal proceedings following the sharp decline in MicroStrategy (MSTR) and Strategy (STRC) stock. Allegedly, Saylor and his company:
By making Bitcoin investments appear much more profitable than they actually are, By failing to adequately warn investors about the new accounting rules and the massive paper losses that Bitcoin’s high volatility could bring, He is accused of making misleading statements that violated US securities laws. Santiment analysts noted that this anger within the community could be a “scapegoat search” (FUD) stemming from the market downturn, and that the issue was one of the top 3 most talked-about topics on social media throughout the week.
The on-chain charts shared by Santiment reveal a rather interesting and risky paradox in the market:
Small wallets holding 0.01 BTC or less have increased their share of the total Bitcoin supply by 1% in the last 7 weeks. Although “$50,000” scenarios are being discussed on social media, small investors are viewing every dip as a buying opportunity. The large, institutional wallets holding between 10 and 10,000 BTC, which are the main drivers of the market, have sold off approximately 43,241 BTC in the last 7 weeks. The decrease in these wallets, especially in the last 10 days, reached 48,000 BTC. Santiment analysts issued the following warnings regarding the current situation:
“Normally, the scenario we want to see in the market is small investors panicking and big whales buying at the bottom. But right now, the opposite is happening; small investors are buying while big wallets are selling. This selling pressure from big wallets worries me quite a bit.”
In addition, projects such as Decentraland (MANA), Chainlink (LINK), Immutable X (IMX), and Shiba Inu (SHIB) also saw the highest active address and whale transfer activity in the last 90 days.
*This is not investment advice.
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Viewpoint: If AI sales grow strongly, the return on capital expenditure for AI operators is expected to turn positive within 24 months.
Renowned researcher Oguz Erkan’s data analysis indicates that based on current capital costs, operating margins of hyperscale cloud service providers, and depreciation periods, the return on investment (ROI) for AI capital expenditure will turn positive when AI revenue reaches roughly 1.7 to 1.8 times depreciation and amortization. Currently, AI revenue is approximately 1.2 times capital expenditure depreciation. Erkan projects that if AI sales grow robustly, the ROI is expected to turn positive within 24 months.
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A renowned Chinese hedge fund manager has warned that global AI stocks have formed a "super bubble".
Two renowned Chinese hedge fund managers have warned that global AI stocks have formed a "super bubble" and are on the verge of bursting. Yang Dong, founder of Ningquan Asset, explicitly warned in the "2026 Semi-Annual Investment Report" released on June 23 that a "super bubble" has formed in global AI stocks, and a crash may be imminent. The report bluntly stated that a large number of hot A-share stocks are very likely to drop by 80% or even over 90% in the future, adding that "if one lacks the ability to pull chestnuts out of the fire and emerge unscathed, taking such risks would be irresponsible to investors." Yang Dong accurately predicted the peak of the 2007 bull market. Separately, Li Bei, founder of Shanghai-based Banxia Investment, noted in her June 21 monthly report "To Banxia Investors" that "the triggering conditions for the AI bubble to burst have emerged." Taking Anthropic's ARR (Annualized Run Rate) as an example, she argued that revenue growth at downstream model companies has slowed significantly, their full-year results are likely to fall well short of market expectations, and a subsequent decline in capital expenditure is highly probable.
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An address linked to Vitalik has transferred 7,000 ETH, and is likely to deposit the funds into a centralized exchange (CEX).
According to monitoring by Onchain Lens, a wallet linked to Vitalik, labeled "0xD04", transferred 7,000 ETH (valued at $11.06 million) to a new wallet. Based on the address’s historical transaction records, the ETH is highly likely to be deposited into a centralized exchange (CEX). Earlier, the same wallet transferred 1,300 ETH (worth $31.6 million), which was subsequently deposited into Paxos. The wallet currently holds 20,001 ETH, valued at $31.6 million.
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Hong Kong government: Regulated stablecoins are expected to launch between mid-year and the second half of this year.
Hong Kong’s government stated in a written response to the Legislative Council that the Hong Kong Monetary Authority (HKMA) granted stablecoin issuer licenses to two bank-backed institutions in April 2026. Per the institutions’ existing business plans, Hong Kong’s regulated stablecoins are projected to launch between mid-year and the second half of this year. The government added that the HKMA has sent notices to unregulated entities conducting stablecoin issuance in the market to clarify legal requirements, and will continue to follow up on related matters; individual cases may be referred to the police or the Department of Justice if necessary. Additionally, the government will submit a bill to the Legislative Council this year to establish a regulatory regime for virtual asset trading, custody, advisory and management service providers.
13 minutes ago
The Israeli military will reduce its forces stationed in southern Lebanon.
According to Israel's Army Radio, the Israeli military will reduce its forces stationed in southern Lebanon and withdraw several combat brigades.
13 minutes ago
Serenity's trade calls push CBRS to a short-term sharp rally, with a significant premium over post-market prices on TradFi platforms.
Serenity's bullish calls drive Cerebras' short-term sharp surge. As of press time, the stock contract is trading at $188.26 on trade.xyz, up over 5% in the past hour. Meanwhile, the stock's after-hours price (markets are now closed) stands at just $182.3. Earlier reports noted that Serenity said it first bought Cerebras stock in the $170 range, citing a valuation premium from its OpenAI partnership, though it pointed out the current valuation is slightly higher than profitable firms like JBL, while remaining bullish on Cerebras' potential as an AI inference leader.
PANews June 27 news, according to Bitcoin.com report, Europol recently led a joint operation codenamed "Endgame". The seizure was the result of collaboration among law enforcement agencies in Canada, Denmark, Germany, the Netherlands, and the United States. These agencies jointly cracked down on network infrastructure serving criminals, which used SocGholish, Amadey, and StealC — three key "Cybercrime-as-a-Service" (CaaS) malware — to collect victims' information and sensitive data. The law enforcement agencies took action against a total of 326 servers and 142 domains, seizing approximately $47 million worth of illegal cryptocurrency and recovering over 27 million stolen credentials.
Ripple has released its 2025 Ripple Impact Report, highlighting how blockchain technology and digital assets are being leveraged for humanitarian aid, education, financial inclusion, and research worldwide. According to the report, the company reached millions of people through various social initiatives across diverse regions and has increased investments directed at underserved communities throughout the year.
Key figures from Ripple’s latest reportThe report reveals Ripple contributed more than $70 million in 2025 alone to social impact projects, bringing its total social benefit funding to over $250 million since 2018. Ripple, known for developing payment infrastructure and digital asset solutions, emphasized the scale and reach of its impact initiatives in recent years.
Ripple President Monica Long emphasized that the company has moved beyond experimentation, bringing blockchain technology into real-world use cases within finance and humanitarian sectors.
Employee engagement was also a focal point, with the report noting 80% of Ripple’s staff participated in volunteering and donation-based activities. Additionally, the company’s University Blockchain Research Initiative program has expanded to 62 universities globally, demonstrating its commitment to fostering education in the industry.
Ripple noted that its products—including RLUSD and XRP Ledger—have been integrated into payment networks. These integrations aim to make money transfers faster and more efficient for a range of users worldwide.
Glossary: RLUSD is described as a stablecoin connected to the Ripple ecosystem. The XRP Ledger stands out as an open-source blockchain infrastructure used for payments and asset transfers.
Support for small businesses and veteransIn the United States, Ripple dedicated $25 million worth of RLUSD to small businesses with limited access to financing, as well as to job-seeking veterans and military spouses. The report also highlights a $53.6 million investment in small businesses via the Accion Opportunity Fund, further demonstrating Ripple’s commitment to financial inclusion.
The company detailed its ongoing five-year partnership with Mercy Corps Ventures, stating that their joint efforts have reached 14.4 million people across Africa and Latin America. Within this partnership, support was provided to 29 startups, 20 technology pilot programs were implemented, and more than $500 million in follow-on funding was enabled for participant companies.
ProgramAmountTotal 2025 contributionOver $70 millionTotal impact funding post-2018Over $250 millionUS small business program$25 million RLUSDAccion Opportunity Fund investment$53.6 millionInitiatives across Africa, Latin America, and educationOne project highlighted in the report is a drought response pilot in Kenya. By utilizing RLUSD in combination with satellite imaging and smart contracts, this initiative reduced transaction times by 95%, cut costs by 64%, and eased financial pressure for 85% of participants.
The report shared that, in the Kenya pilot, combining RLUSD, satellite data, and smart contracts led to a 95% reduction in transaction times and a 64% decrease in costs.
Ripple’s activities also extend to education and entrepreneurship. The University Digital Asset Xcelerator program supported nine startups built on the XRP Ledger, and 30% of these ventures secured further investment from 13 venture capital firms. Meanwhile, through the XRPL Student Builder Residency, 18 university students developed blockchain applications.
Based on the outcomes of its ongoing programs, Ripple announced plans to further expand the use of RLUSD and XRP Ledger in humanitarian aid, donations, research, financial inclusion, and educational initiatives in the coming years.
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.
As selling pressure continues to dominate the cryptocurrency market, Bitcoin has once again slipped below the 60000 dollar threshold. The asset failed to maintain its May recovery, with bearish momentum regaining strength. Overall market sentiment suggests that key psychological support levels could soon face another test in the short term.
60,000 dollars back in the spotlight for BitcoinAlthough the technical outlook remains uncertain, the broader trend in Bitcoin features lower highs and lower lows. The coin is currently trading below both its short and medium-term moving averages. Recent bullish attempts have quickly lost steam as sellers accelerated activity, indicating that buyers remain cautious at current prices.
The 60,000 dollar mark has previously acted as both a support and a zone of sideways consolidation in past market cycles. As a result, this region is seen as a critical battleground where sharp price reactions between buyers and sellers typically emerge. The current trajectory points towards another retest of this key level for Bitcoin.
With the price hovering in the lower 60,000 dollar band and the downward structure still intact, there is no convincing signal of a lasting bottom yet. If sellers retain control, a move closer to 60,000 dollars—or even a brief dip below—remains a real possibility.
The essential question is not whether Bitcoin will revisit 60,000 dollars, but whether buyers will mount a robust defense at this level.
That said, merely dropping to 60,000 dollars does not automatically mean a deeper decline is coming. Historically, strong psychological levels have generated fresh demand, especially during periods of heightened negative sentiment. The widely tracked Relative Strength Index, or RSI, is also approaching oversold territory. RSI is a popular momentum indicator that gauges the speed and strength of price movements.
Mini glossary: The RSI is a technical tool that shows whether an asset is nearing overbought or oversold levels in the short term. A reading below 30 is considered oversold, while readings above 70 indicate overbought conditions.
The 1 dollar critical zone for XRPXRP’s overall weakness persists as well. After breaking below its multi-month support at the start of June, the asset is retreating toward the 1 dollar zone under renewed selling pressure. This level stands out as one of the most important psychological thresholds in recent price action.
From a technical perspective, XRP broke downward following a descending triangle formation that developed over several months. Losing support near the 1.30 dollar mark triggered fresh local lows and confirmed the broader downward trend. Currently, XRP is trading below all of the main moving averages on its chart.
With the 20-day, 50-day, 100-day, and 200-day trend indicators now above price, sellers continue to dominate both short and long-term timeframes. In this scenario, the next noteworthy support is at the 1 dollar level. However, a breakdown below this threshold could deepen technical pressure and increase volatility.
A potential dip under the 1 dollar level in XRP could spark sharper price action, both technically and psychologically.
Meanwhile, a further drop in the RSI suggests that near-term selling fatigue might be emerging. While this alone is not enough to guarantee a change in direction, it does signal that if buyers defend key supports, short-lived rebound attempts could materialize.
SHIB sellers lose steam despite ongoing downtrendThe overall downtrend in Shiba Inu remains intact, yet recent price movements suggest that the intensity of selling is starting to wane. SHIB continues to trade near yearly lows and below key resistance levels, but certain technical signals indicate sellers are no longer in full control.
Notably, there is positive divergence forming on the RSI: while price is marking new local lows, the indicator is not confirming those lows to the same degree. This setup often hints at a potential decrease in selling pressure. Additionally, the narrowing descending wedge that shaped up throughout June supports the view that downward momentum has slowed.
Still, SHIB is trading under its 20-day, 50-day, 100-day, and 200-day moving averages, so the overall trend remains negative. However, the narrowing gap between price and short-term averages may hint at a possible transition phase. It is worth emphasizing that buyers have not yet reclaimed any major resistance, leaving a true reversal unconfirmed.
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.
PANews June 27 news, according to SoSoValue data, yesterday (Eastern Time June 26) XRP spot ETFs saw total daily net inflows of $15.632 million.
The XRP spot ETF with the largest net inflow yesterday was the Bitwise XRP ETF (XRP), with a single-day net inflow of $11.6648 million, bringing its historical total net inflows to $493 million.
It was followed by Franklin XRP ETF (XRPZ), with a single-day net inflow of $3.9673 million, and its historical total net inflows have reached $410 million.
As of press time, the total net asset value of XRP spot ETFs stands at $934 million, with an XRP net asset ratio of 1.44%, and cumulative historical net inflows have reached $1.47 billion.
