Crypto World
SpaceX Becomes First Tokenized IPO on Bybit IPO Express Platform Launch
TLDR:
- Bybit launched IPO Express, enabling eligible users to access tokenized IPO shares directly.
- SpaceX becomes the first IPO available through Bybit’s new tokenized equity subscription platform.
- Users can subscribe through Bybit accounts without opening traditional brokerage accounts.
- Allocations will be distributed pro-rata, with tokenized shares trading on Bybit Spot afterward.
Bybit announced the launch of IPO Express, a new platform offering tokenized access to initial public offerings.
The cryptocurrency exchange said the service makes it one of the first centralized exchanges to provide tokenized IPO participation at the offering price. The first available offering will be SpaceX through tokenized shares powered by Payward Services’ xStocks.
The Dubai-based exchange stated that eligible retail investors worldwide can subscribe to tokenized representations of publicly traded equities.
The service allows users to participate directly through their Bybit accounts. Customers do not need traditional brokerage accounts to access the offering.
The launch reflects growing integration between traditional capital markets and crypto-based infrastructure. The company described IPO Express as a way to expand access to investment opportunities that were previously concentrated among institutional participants and select brokerage clients.
Expanding Access to IPO Participation
Participation in major IPOs has historically faced several barriers. Geographic restrictions, brokerage relationships, and allocation requirements often limited access for retail investors. Many investors could only purchase shares after public listings had already occurred.
According to Bybit, xStocks provides compliant tokenization solutions designed to broaden access to IPO subscriptions.
The framework brings investor participation, liquidity, and underlying assets onto blockchain networks. The company said the model enables wider access through global platforms.
The tokenized IPO offering complements xStocks’ existing tokenized equities products. Those products provide exposure to listed shares trading on secondary markets. xStocks stated that its framework supports onchain interoperability and crypto-native settlement capabilities.
Bybit said eligible users can subscribe to IPO allocations without navigating traditional cross-border financial systems.
The exchange added that investors can participate through a streamlined process within the platform. Funds are committed during subscription and refunded automatically if unused.
SpaceX Becomes First Offering on IPO Express
SpaceX will serve as the inaugural IPO available through the new platform. Bybit announced that registration and subscription periods will run from June 7 through June 11, 2026. Eligible users can review offering details and register their interest during that period.
During the subscription window, users may submit requests within the announced IPO price range. Bybit said allocations will be determined on a pro-rata basis according to overall demand. The allocation process is scheduled to take place between June 11 and June 12.
Following allocation, tokenized SpaceX shares will be distributed to users’ accounts. Unused subscription funds will be returned automatically. The tokenized shares are scheduled to begin trading on Bybit Spot on June 12.
Emily Bao, Head of Spot at Bybit, said the launch represents a milestone in the company’s platform development. She stated that the partnership with xStocks allows customers to access U.S.-listed IPOs alongside digital assets.
Bao added that the initiative aims to combine traditional finance and crypto services within a single platform.
Bybit also linked the launch to increasing interest in tokenized real-world assets. The company noted that both crypto-focused firms and traditional financial institutions continue exploring the sector. It described tokenized assets as an area of ongoing growth within blockchain adoption efforts.
Crypto World
Ethereum TD Sequential Prints “9” Buy Signal as Exchange Reserves Hit New Lows
TLDR:
- Ethereum’s 3-day chart has printed a TD Sequential “9” buy signal after a drop from $2,300 to $1,600.
- The TD Sequential signal indicates potential seller exhaustion but does not confirm a full trend reversal.
- CryptoQuant data shows ETH exchange reserves across all centralized platforms continue trending lower.
- Bulls must defend the $1,600 support zone for ETH to target a recovery toward the $1,800–$1,950 range.
Ethereum’s 3-day chart has printed a TD Sequential “9” buy signal amid a sustained price decline from above $2,300 to near $1,600.
The technical pattern, which tracks nine consecutive bearish candles, points to potential seller exhaustion at current levels.
Meanwhile, on-chain data from CryptoQuant shows exchange reserves across centralized platforms trending sharply lower. Together, the two datasets present a case for a short-term price recovery in ETH.
TD Sequential Flags Possible Trend Exhaustion Near $1,600
Ethereum has been under consistent selling pressure over recent weeks, forming a clear series of lower highs and lower lows.
The decline has been steep, with prices dropping roughly 30% from the $2,300 range to the $1,600 zone. That move reflects broad bearish sentiment across the crypto market during this period.
The TD Sequential indicator works by counting nine consecutive candles that each close lower than four candles prior. When the count reaches nine, the signal suggests the existing trend may be losing strength.
Crypto analyst Ali Charts flagged this development on X, noting a small bullish candle has appeared immediately after the signal printed.
According to Ali Charts, if bulls manage to hold the $1,600 support zone, ETH could recover toward the $1,800–$1,950 resistance range.
That area represents the next logical ceiling based on prior price action. A failure to hold support, however, would likely resume the broader downtrend.
The TD Sequential does not guarantee a reversal. Instead, it marks a point where trend momentum may be weakening.
Traders typically wait for confirmation from subsequent candles before entering positions based on the signal alone.
Exchange Reserve Decline Points to Reduced Selling Supply
On-chain researcher Rei Researcher highlighted a separate but complementary dataset. Based on CryptoQuant’s “Ethereum Exchange Reserve — All Exchanges” metric, ETH reserves across centralized exchanges continue declining after a brief upward recovery. That brief uptick saw some retail investors move coins onto exchanges to restructure their portfolios.
The renewed decline in exchange reserves indicates that available sell-side liquidity is shrinking on order books. When holders withdraw ETH to personal wallets rather than exchange accounts, it reduces the immediate supply available for sale. That dynamic tends to ease downward pressure on price over time.
The dominant outflow pattern seen in the data neutralizes a portion of potential sell pressure sitting on exchange order books.
Rei Researcher noted this as clear evidence that most current holders prefer storage over selling at present price levels. That shift in holder behavior matters because it changes the supply dynamics around the $1,600 support level.
Taken together, the TD Sequential signal and the exchange reserve trend suggest the $1,600 zone carries meaningful technical and on-chain support.
Whether ETH can sustain a recovery remains contingent on broader market conditions and buyer follow-through at current levels.
Crypto World
SpaceX IPO to Mint Millionaire Welders as Experts Warn of Post-Listing Slumps
A welder who immigrated from Mexico holds stock worth roughly $880,000 ahead of next week’s SpaceX IPO. Juan Hernandez built the stake from a $10,000 equity grant he received in 2015.
SpaceX will sell 555.6 million shares at $135 each on Nasdaq under the ticker SPCX. The offer targets a $75 billion raise and values the rocket maker near $1.77 trillion, the largest IPO on record.
SpaceX IPO Turns Welders and Technicians Into Millionaires
Hernandez joined SpaceX as a contractor in 2015, earning $28 an hour, the Wall Street Journal reported. He later moved to a full-time role, received stock that vested over five years, and bought more shares through payroll deductions.
He sold part of the stake in 2020 to buy Texas property. Meanwhile, his remaining shares grew with the company. Hernandez now works at rival Blue Origin.
“It’s put me in a comfortable position for life,” Hernandez said in the WSJ profile.
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Justin Lopas, co-founder and COO of Base Power and a former SpaceX employee, said on X that most of the company’s welders and technicians will make six or seven figures.
Insiders still face lock-up periods, however, alongside Musk’s full share lock-up. Outside buyers face their own hurdles under Fidelity’s retail access rules.
Experts Warn IPO Hype Cuts Both Ways
Joshua Roberts, capital-markets correspondent at The Economist, cautioned in an interview that new listings often disappoint.
“IPOs tend to be a bad investment for ordinary investors. There’s a lot of hype around them…In general, IPOs tend to underperform the rest of the market over time…The best moment for the seller is not necessarily the best moment for the buyer,” said Roberts.
Research by University of Florida professor Jay Ritter indicates IPO firms tend to trail the broader market over the three years after listing.
Index providers also plan to fast-track the stock into benchmarks, in some cases within five days.
Therefore, index funds could buy shares while they remain volatile, even though S&P 500 exclusion rules keep SpaceX out of that index for now.
The $1.77 trillion valuation equals roughly 90 times annual sales, Roberts noted, and some analysts question the valuation.
Crypto markets, meanwhile, are already pricing SpaceX before listing.
For workers like Hernandez, the windfall is largely secure.
For new buyers, the coming weeks will show whether the largest IPO on record can defy the asset class’s weak track record.
The post SpaceX IPO to Mint Millionaire Welders as Experts Warn of Post-Listing Slumps appeared first on BeInCrypto.
Crypto World
NY Judge Halts Lawsuit Claiming 39,069 Dormant Bitcoin Wallets Until July Hearing
A New York judge has paused a lawsuit that claims ownership of 39,069 dormant Bitcoin (BTC) wallets. The order blocks any quick victory for the anonymous plaintiffs before a court hearing on July 14.
Justice Kathy J. King signed the order on June 4. The wallets hold about 3.8 million BTC, worth roughly $235 billion at today’s prices.
What the Dormant Bitcoin Wallets Lawsuit Wants
An anonymous plaintiff called Noah Doe and two companies filed the case in March. They expanded it on May 1 to cover 39,069 wallets.
They lean on New York’s lost-and-found law. A finder can keep lost property if the owner never claims it. Courts have never applied it to crypto.
Their unnamed expert valued each wallet at under $10. Galaxy Research counters that the average listed wallet holds 97.25 BTC, about $6 million today.
The first defendant wallet holds about 79,957 BTC from the 2011 Mt. Gox hack. The Mt. Gox repayment process is still running in Japan, so the claims could collide.
Galaxy also ties about 21,900 listed addresses, with roughly 1.1 million BTC, to Satoshi Nakamoto’s wallet activity. Many sit in quantum-vulnerable Bitcoin addresses.
Why the Judge Hit Pause
The stay followed a motion by Ian R. Cohen, a New York lawyer who owns bitcoin. He asked to file a friend-of-the-court brief against the case.
Cohen argues the law covers physical objects someone can pick up and hold. Bitcoin sits on a public blockchain everyone can see, so it was never lost.
“A wallet that has been dormant for ten years, whose private key is stored on a steel plate in a bank vault, is not abandoned property. It is securely held property,” Cohen wrote in his proposed brief.
He also points to a 2022 law that sends unclaimed crypto to the state, not to private finders.
On-chain data supports him. After blockchain notices went out in 2025, 339 listed wallets moved coins, echoing other Satoshi-era wallet moves.
The plaintiffs have until July 7 to respond. The July 14 hearing will decide whether the case gets its first real opposing voice.
The post NY Judge Halts Lawsuit Claiming 39,069 Dormant Bitcoin Wallets Until July Hearing appeared first on BeInCrypto.
Crypto World
XRP Faces Key Test Near $0.90 as Long-Term Support Converges
TLDR:
- XRP’s long-term rising trendline converges with the closely watched $0.90 support zone.
- Analysts view the current decline as a controlled pullback rather than a broader trend breakdown.
- Market participants remain divided as XRP trades above $1 despite changing investor sentiment.
- Commentary on the Clarity Act has renewed discussion around XRP and crypto regulation.
XRP recent market analysis identified $0.90 as a key area within XRP’s monthly structure. The assessment pointed to a rising trendline that has remained intact since the 2020–2021 base formation. According to the analysis, each major correction has produced a higher low, preserving the broader upward trend.
The analysis noted that XRP’s rally toward approximately $3.32 ended with a rejection that formed a macro lower high.
Since that move, price has entered what was described as a controlled pullback rather than a sharp breakdown. The projected scenario suggests a gradual decline toward the ascending support zone. Analysts said the importance of $0.90 comes from several converging factors.
Technical Structure Draws Attention to $0.90 Support Zone
The analysis described $0.90 as a confluence area where technical and psychological factors intersect. The level sits near multi-year ascending support and below the current consolidation range around $1.14. Analysts said such conditions can attract increased market attention.
According to the assessment, late buyers may face losses while longer-term participants evaluate opportunities. It also noted that sentiment often shifts negatively near major support tests.
The report emphasized that confirmation would remain essential. Analysts said declining volume and slowing momentum near support could strengthen a bullish continuation case.
However, a decisive breakdown below $0.90 would invalidate the current structure and shift attention to lower support levels.
Market Participants Debate XRP’s Long-Term Outlook
Crypto commentator Crypto Patel compared current XRP sentiment with investor attitudes during 2017. Patel noted that many holders once viewed $1 as a major long-term target. According to the post, XRP trading above that level today has produced very different reactions.
Patel argued that investor emotions have changed despite similar price levels. The post stated that traders celebrated when XRP first crossed $1 in 2017.
It contrasted that period with current frustration among some market participants despite XRP remaining above the same threshold.
Patel identified a personal accumulation range between $1 and $0.60. The commentator described the current period as one requiring patience and perspective. Patel also stated that investors should conduct their own research before making investment decisions.
Meanwhile, Ripple Bull Winkle drew attention to developments surrounding the Clarity Act. In a social media post, the commentator claimed the legislation had been halted in Congress.
The post suggested the development could affect discussions involving XRP and broader cryptocurrency regulation. Ripple Bull Winkle said additional details were provided in a video discussing the issue.
Crypto World
Ripple Prime Joins DTCC Tokenization Push With BlackRock and JPMorgan in 2026
TLDR:
- Ripple Prime joins 50+ firms in DTCC’s tokenization working group, including BlackRock and JPMorgan.
- DTCC plans limited live production trades in July 2026, with a full service rollout set for October 2026.
- The SEC issued a No-Action Letter in December 2025, authorizing DTC’s tokenization service for three years.
- Ripple Prime gains access to DTCC clearing rails, helping link tokenized securities with XRP Ledger liquidity.
Ripple Prime has joined the Depository Trust & Clearing Corporation’s (DTCC) tokenization initiative alongside BlackRock, JPMorgan, and more than 50 other institutions.
The service targets tokenized equities, ETFs, and U.S. Treasuries, with limited production trades set for July 2026 and a full rollout planned for October 2026.
The move places Ripple Prime at the center of one of the most closely watched developments in institutional finance this year.
Ripple Prime Steps Into a Historic Institutional Push
More than 50 organizations are collaborating within DTCC’s Industry Working Group to help shape the service, representing a broad cross-section of the financial sector.
Major participants include JPMorgan, Bank of America, Citadel Securities, Invesco, HSBC, Charles Schwab, BlackRock, Nasdaq, NYSE, Robinhood, and Wells Fargo.
Ripple Prime is the prime brokerage born from the $1.25 billion Hidden Road acquisition. Its presence in the working group puts it directly alongside institutions that collectively manage trillions in assets. That positioning carries weight well beyond the digital asset sector.
From the digital assets sector, Ripple Prime joins USDC issuer Circle, digital asset infrastructure firm Fireblocks, tokenization leader Ondo Finance, and exchanges Kraken and Backpack.
Together, these firms represent the crypto-native layer of what is otherwise a largely traditional financial initiative.
Social media reactions followed quickly after the announcement. Account @InvestWithD noted that Ripple Prime is helping test, validate, and shape institutional infrastructure alongside Wall Street’s biggest players.
The post also clarified that Stellar is separately positioned as the public blockchain for DTCC’s multi-chain strategy — a point that had caused confusion among many observers.
What the DTCC Initiative Means for Ripple Prime
DTCC is working to connect traditional clearing and settlement rails with blockchain-based representations of real-world assets.
Rather than building separate systems, the goal is to embed tokenization directly within existing post-trade infrastructure.
The target assets are those already held inside its subsidiary, The Depository Trust Company — Russell 1000 equities, major ETFs, and U.S. Treasuries.
The SEC issued a No-Action Letter in December 2025 authorizing DTC to operate a defined tokenization service for three years.
That ruling provided the regulatory foundation institutions needed to participate openly. It also signaled broader federal comfort with tokenized securities operating within established financial systems.
Ripple Prime’s participation grants it access to DTCC clearing rails as a prime broker, a direct view into how tokenized securities will be issued and settled, and the ability to design products linking DTCC-based assets with XRP Ledger-based collateral and liquidity. Those capabilities stand to strengthen Ripple Prime’s offering across institutional markets.
For Ripple Prime, securing a seat alongside JPMorgan, BlackRock, Bank of America, and Goldman Sachs elevates its credibility massively across institutional markets.
Whether XRP plays a direct settlement role remains an open question, but Ripple’s formal place in this process is now confirmed.
Crypto World
Saylor Signals BTC Buy Ahead of Preferred Dividend Date Vote
Strategy, the billion-dollar holder of Bitcoin in the corporate treasury space, is once again sparking investor intrigue as a pivotal proxy vote on its STRC dividend schedule nears. Executive chairman Michael Saylor used social media to hint at forthcoming news regarding the company’s BTC holdings, posting a chart that tracks Strategy’s Bitcoin purchases over nearly six years. The message, paired with a broader push from the firm’s leadership, arrives just days before shareholders vote on whether STRC dividends should switch from a monthly cadence to a semi-monthly one.
Market context matters here. Strategy is reported to own 843,706 BTC, with an average cost basis of about $75,701 per coin. Bitcoin itself traded around $62,150 during the reporting window, having declined roughly 16.6% over the past week. The numbers underscore a contrast between a large, patient holder and the near-term price volatility that can accompany major treasury moves.
Last week, Strategy paused new Bitcoin accumulation after repurchasing some corporate debt, a move that briefly unsettled traders who feared potential liquidity needs could force BTC sales. The interplay between debt management, treasury buybacks, and the proposed dividend change forms the core of the current investor dialogue.
Key takeaways
- Michael Saylor signaled potential news on Strategy’s Bitcoin holdings through a social post and a tracking chart, suggesting upcoming disclosure or activity ahead of the STRC dividend vote.
- Strategy reportedly holds 843,706 BTC with an average purchase price near $75,701 per Bitcoin, while BTC traded near $62,150 amid a weekly price drop of about 16.6% (CoinMarketCap data).
- The STRC dividend proposal would shift from monthly to semi-monthly payments, aiming to reduce reinvestment lag, improve liquidity, and enhance market efficiency, pending approval by 50% of outstanding shares as of a set date.
- A recent debt repurchase pause raised concerns about funding flexibility and potential BTC selling, highlighting the delicate balance Strategy must maintain between liquidity needs and its Bitcoin accumulation strategy.
- Retail proxy-voting participation remains modest relative to institutions, a dynamic that could influence the outcome of the STRC vote regardless of the underlying fundamentals.
Hints of renewed BTC activity as the vote approaches
In a highly anticipated sequence of moves, Saylor’s X post—“A good time to add more dots”—was accompanied by a link to a chart tracking Strategy’s Bitcoin purchases since the firm began accumulating BTC. The chart, maintained by StrategyTracker.com (an Iceland-registered tracker used by the investor community), has become a recurring preface to any news about new BTC activity from Strategy. The cadence and visibility of these posts have underlined Saylor’s appetite for transparency around Strategy’s Bitcoin treasury, even as the voting process unfolds.
Phonemically echoing the same theme, Strategy’s CEO Phong Le amplified the message, stating that the company’s corporate strategy is to increase net Bitcoin and Bitcoin per share over time. “Rumors otherwise are just rumors,” he said in a follow-up post, reinforcing the leadership’s stance that the treasury strategy remains intentional and forward-looking.
For investors, the implications hinge on whether Strategy uses any new purchases to support an expanding BTC stack or to reinforce the existing position’s cost basis amid a volatile price backdrop. The average cost of 75,701 per BTC provides a rough guide for evaluating near-term purchases against current price levels, though market dynamics and funding considerations will ultimately shape execution if and when purchases are announced.
BTC’s price context matters too. The firm’s holdings sit against a broader market where Bitcoin traded around $62,000, after a pronounced weekly drop. Such price action can influence decisions on timing and size of any new acquisitions, particularly for a publicly traded vehicle with a stated objective of growing BTC exposure per share.
Readers may recall that last week’s debt repurchase move temporarily paused additional Bitcoin accumulation. In the immediate aftermath, traders weighed the possibility that the company could be compelled to liquidate some BTC to finance buybacks. While there is no public indication that such a sale is imminent, the episode underscores the tension between liquidity management and ongoing accumulation goals.
STRC dividend cadence: what the proxy asks for and why it matters
The current ballot asks Strategy’s shareholders to approve a change in the way STRC dividends are paid—from a traditional monthly cadence to semi-monthly installments. Management argues that semi-monthly payments could reduce reinvestment lag, improve market liquidity, increase price stability, and narrow spreads by offering more frequent entry and exit points for investors. In a keynote tied to the Synergy26 conference for registered investment advisers, Saylor described the potential impact as a reduction in volatility and an improvement to the Sharpe ratio, noting that while thousands of companies pay quarterly dividends and a subset pays monthly, Strategy would be among the few to pay twice monthly if approved.
The mechanics of passage are clear: the amendment requires the support of 50% of all STRC shares outstanding as of April 17, 2026, which totals 85 million shares. The final decision is expected to land at Monday’s shareholder meeting, pending any last-minute developments. In practice, the voting dynamic could hinge on how many retail holders participate. A Harvard Law School Forum on Corporate Governance acknowledgment of voting patterns shows retail investors historically casting around 29% of their shares, compared with 77% by institutional holders, a gap that could influence outcomes that depend as much on participation as on price signals.
In parallel coverage, market observers have also noted Strategy’s leverage-facing dynamics in its broader Bitcoin model, with discussions of stress tests and the resilience of a treasury-driven approach in the face of volatility. While such analyses provide important context, the STRC vote remains the decisive lever for governance-related changes to the company’s dividend policy and liquidity management framework.
For reference, the STRC-vote story sits within a larger ecosystem of corporate treasury strategies and how, in practice, large BTC holders navigate liquidity, leverage, and governance risk. Related coverage on Strategy’s leveraged Bitcoin approach has highlighted the stress-testing dimensions that accompany a treasury-led model, underscoring that even well-capitalized programs must adapt to market conditions and shareholder expectations.
What comes next and what to watch
The next days will clarify whether Strategy moves forward with new BTC activity and how the STRC dividend change is received by the market. Investors should watch for any formal disclosures of additional Bitcoin purchases, as indicated by Saylor’s public signals and the StrategyTracker channel, alongside updates from Strategy’s proxy solicitations and voting results as the Monday meeting concludes.
In the broader context, the vote reinforces ongoing debates about how corporate treasuries should balance growth objectives with liquidity and governance norms. As Strategy contends with market volatility and a changing dividend landscape, readers should monitor how the outcome could affect correlations between Bitcoin holdings and shareholder value, especially for investors tracking how treasury policy translates into market behavior and risk-adjusted returns.
Next steps will hinge on the voting outcome, potential new BTC activity, and how the market perceives the balance between Strategy’s treasury strategy and the evolving needs of its investors. If the semi-monthly dividend shift passes, expect increased attention on how the company times reinvestments and how liquidity management shapes future BTC accumulation decisions.
Crypto World
Solana Ecosystem Surges with Institutional Deals and $716M RWA Inflows Despite Price Dip
TLDR:
- Solana recorded $716M in real-world asset net inflows in May, the highest figure across all blockchains.
- Mastercard launched always-on USDC stablecoin settlement on Solana, linking traditional finance to the network.
- Backpack Securities introduced a U.S.-regulated brokerage merging traditional stocks with Solana-native tokenization.
- Solana captured roughly 60% of total onchain collectibles volume while Solana Mobile crossed 1,000 dApp Store apps.
The Solana ecosystem recorded a wave of institutional and developer activity in May, even as SOL traded near $65. Mastercard launched always-on USDC settlement on the network.
Backpack introduced a regulated brokerage for tokenized stocks. Real-world asset inflows hit $716 million — the highest across all chains.
Meanwhile, builders shipped payments tools, DeFi protocols, cross-chain bridges, and onchain games at a steady pace.
Institutions Drive Real-World Asset Growth on Solana
The Solana ecosystem attracted $716 million in real-world asset net capital inflows during May. That figure surpassed every competing blockchain, marking a clear institutional preference for the network. The milestone reflects growing confidence in Solana’s speed, cost efficiency, and settlement reliability.
Mastercard’s move added further weight to that trend. The payments giant introduced always-on stablecoin settlement directly on Solana, using USDC. That integration connects traditional financial infrastructure to a public blockchain in a live, operational capacity.
Backpack followed by announcing Backpack Securities, a U.S.-regulated brokerage built on Solana. The platform merges standard brokerage functions with native onchain tokenization.
Raydium separately crossed $2 billion in cumulative trading volume for tokenized equities, showing that demand for onchain real-world assets is already active and growing.
Builders Launch Payments, DeFi, and Cross-Chain Tools
Beyond institutions, the Solana ecosystem saw a broad wave of new product launches throughout May. MoonPay released the MoonAgents Desktop App, which connects ChatGPT or Claude so AI agents can execute onchain payments. Axelar went live on Solana to support cross-chain messaging and programmable asset transfers.
The Solana Foundation also announced native Subscriptions and Allowances, enabling delegated spending and recurring billing on the network.
PAJ Cash debuted v2 of its payment platform, which allows account-based Web3 off-ramps. Lava Card launched a zero-annual-fee Visa debit card tied to Solana, further connecting onchain assets to everyday spending.
On the DeFi side, Kamino’s xStocks market surpassed $30 million in total market size. Zodial shipped a portfolio-margin lending protocol.
Sunrise DeFi, Meteora, and Bedrock Foundation teamed up to launch Dynamic Assets. The Solana Foundation also opened dedicated support for teams building onchain perpetuals infrastructure.
Collectibles, Gaming, and Community Milestones Add Momentum
The Solana ecosystem also led onchain collectibles markets during May, capturing roughly 60% of total volume across all chains.
Moonshot released Moonshot Packs, bringing a physical trading card experience to the blockchain. Jailed, an onchain prison simulator game, also launched on Solana during the period.
Solana Mobile crossed 1,000 live apps on its dApp Store, a community milestone that reflects steady developer growth.
Helium Mobile, the consumer carrier running on Solana’s network, was acquired by Andrew Yang’s Noble Mobile. That acquisition extends the network’s reach into consumer telecom.
KAST won Best Digital Assets Fintech at the BeInCrypto Institutional 100 Awards. MonkeyFoundry opened Cohort 2 applications, closing June 12.
BitRobot Network announced applications for its robotics laboratory program. Together, these developments show that builder and community activity within the Solana ecosystem remained active regardless of short-term price movement.
Crypto World
What Happens to Bitcoin If Nasdaq Falls Further?
Bitcoin (BTC) traders said that BTC holding above the $60,000 psychological support over the weekend was important as it recovered 6.5% from a local low near $59,100 to an intraday high of around $62,950 on Sunday.
Key takeaways:
- BTC is eyeing a rally toward $92,630 if it continues to hold above a key moving-average support.
- Nasdaq technicals hint at a potential decline of over 10% in the short term.
BTC may rise above $90,000 if Nasdaq underperforms
Bitcoin’s rebound stood out as the tech-heavy Nasdaq Composite (IXIC) plunged more than 4% on Friday, its steepest one-day drop since April 2025. This has raised hopes that risk capital may return to BTC markets.

BTC/USD vs. IXIC daily performance chart. Source: TradingView
Technical commentary shared by veteran analyst Filbfilb offered some hope for the Bitcoin bulls.
In a Sunday post, the analyst highlighted Bitcoin holding strong above its 200-week simple moving average (200-week SMA, the blue line) at around $61,880. This level has helped form the bottom in 2020, 2018, and 2015.

BTC/USD weekly chart. Source: TradingView
In other words, traders may view the dip below $60,000 as a shakeout if BTC holds the 200-week SMA, with the 50-week SMA (red) near $92,630 becoming the next major upside target.
At the same time, the Nasdaq appears to be correcting toward its 20-week SMA, the green line near 22,905 points, after its weekly relative strength index (RSI) fell to 62.46 from around 74.75.
Every major Nasdaq weekly RSI drop from above 70 (overbought) to below 70 since 2021 has led the index back toward its 20-week moving average.

IXIC weekly chart. Source: TradingView
The Nasdaq could fall toward 22,905 if the fractal repeats, implying a further decline of about 10.75% from current levels in June or by July.
That said, Bitcoin could be setting up for a sharp mean-reversion rebound if it holds its long-term floor while the Nasdaq continues to cool off.
Bitcoin-Nasdaq ratio supports BTC rebound scenario
Bitcoin’s ratio against the Nasdaq has again reached a record oversold zone, according to its daily RSI readings.
Related: Bitcoin most oversold since 2020 crash: Can BTC rebound to $70K next?
On Saturday, the RSI dropped to 14.70, the lowest in history. The previous record was 14.88, set in February, ahead of a 30%-plus recovery in BTC prices.

BTC/IXIC vs. BTC/USD daily chart. Source: TradingView
In simple terms, Bitcoin had become too cheap relative to the Nasdaq, and buyers stepped in. The same setup is appearing again, reiterating a potential rebound in BTC prices in the coming weeks.
Crypto World
Colombia President Gustavo Petro’s ‘Heil Hitler’ Remark Turns Gemini AI Op-Ed Into Election Firestorm
Colombian President Gustavo Petro replied “Heil Hitler” to an op-ed co-written with Google’s Gemini AI.
The June 7 column in El Espectador endorsed right-wing candidate Abelardo de la Espriella for president. Colombians choose their next leader in a runoff on June 21.
Petro’s “Heil Hitler” Reply to an AI Op-Ed Lights the Fuse
Columnist Felipe Zuleta Lleras stated he built the column from a single Gemini prompt and endorsed every word. The disclosure put Google’s Gemini chatbot at the center of a presidential campaign.
The piece argued Colombia needs order, authority, and economic freedom. Moreover, it praised De la Espriella’s 90-day security offensive and his pledge to cut the state apparatus by 40%.
The text styled the candidate as the surgeon Colombia needs after years of weak public order. However, it offered no disclosure beyond Zuleta’s short opening note.
Petro answered the newspaper’s post on X with the two-word Nazi salute.
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BeInCrypto could not verify the reply’s engagement figures beyond X’s own counters.
Their reaction echoes a wider fight over AI replacing journalists. It also revives an earlier Gemini controversy over a staged demo video.
Runoff Stakes Sharpen the Backlash
De la Espriella won the May 31 first round with 43.7% of the vote, according to official results. Iván Cepeda, Petro’s chosen successor, trailed with 40.9%, a 2.8-point gap.
Thirteen candidates ran in the first round, and none cleared the 50% bar. Therefore, the two-week runoff sprint now concentrates the country’s full political attention.
Critics branded the president’s reply antisemitic and reckless. Supporters, in contrast, read it as satire against the column’s authoritarian framing.
Petro also has a record of Nazi comparisons. Germany responded publicly to his earlier Hitler remarks. Chile likewise filed a protest after he called José Antonio Kast a “son of Hitler.”
Term limits bar Petro from the ballot, yet his words still shape the race. Each provocation now doubles as a campaign event for both runoff camps.
The coming two weeks will show whether the episode moves votes or fades.
Meanwhile, the affair hands AI publishing a high-profile stress test, as AI reshapes publisher traffic and newsroom standards worldwide.
The post Colombia President Gustavo Petro’s ‘Heil Hitler’ Remark Turns Gemini AI Op-Ed Into Election Firestorm appeared first on BeInCrypto.
Crypto World
Elon Musk Grok AI Predicts Shocking XRP Price in The Next 28 Days
Grok AI has just predicts that the current $1.13 XRP price is a setup. Elon Musk’s AI predicts for $1.55 to $1.75 XRP price prediction by early July as the base case, with a short squeeze scenario targeting $1.60 to $1.80 once Bitcoin stabilizes and heavy short positioning gets caught offside.
The argument is straightforward and deliberately not overcomplicated. XRP has been destroyed alongside Bitcoin’s pullback, but the destruction is macro-driven rather than fundamental.
The CLARITY Act, advancing through bipartisan Senate Banking Committee proceedings, is the regulatory catalyst that changes the institutional calculus.
Growing ETF interest continues to build the demand infrastructure. Ripple’s expanding institutional use cases are compounding in the background, regardless of what the price is doing on any given week.

None of those things have deteriorated during the selloff, which means the gap between the current price and fundamental value is wider now than it was at $1.40.
The short squeeze mechanics are the most interesting part of this prediction. Heavy short positioning built up during the decline means a Bitcoin stabilization does not just stop the selling, it triggers forced buybacks from leveraged shorts that accelerate the move faster than organic buying alone could.
Grok is pointing to that mechanical setup as the ignition for the $1.60 to $1.80 target rather than relying solely on new buyers entering the market.
The bear case is the one the daily chart is flirting with in real time. Prolonged BTC weakness or regulatory delays could push XRP to retest $1.00 to $1.05 before any recovery gets going, and from $1.13, that retest is only 5% to 11% lower, which means it could happen within a single bad macro session.
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XRP Price Prediction: XRP Just Tested Below $1.10, and the Daily Chart Is Showing the Most Oversold Reading Since the Pre-Breakout Era
XRP price is printing $1.132 on the daily with a session low of $1.091, and that $1.09 print is the lowest price XRP has traded at since before the November 2024 breakout that launched the entire institutional repricing narrative.
The recovery from $1.09 back to $1.132 within the same session is the same wick-and-recover pattern that has marked meaningful intraday capitulation events throughout this series, and it is the most important piece of price action on this chart right now.
The daily chart going back to June 2025 tells the full story in one frame. The $3.70 peak in July, the $3.40 second peak in November, the grinding staircase lower through every support level, and now the price is sitting at $1.13 with today’s intraday low testing the $1.00 to $1.05 zone that Grok identified as the bear case floor.
That zone has not been breached on a daily close basis yet, but today’s low of $1.091 came close enough to matter.
The dotted support line on this chart sits at approximately $1.20, which has been the structural floor since February and has now been broken on a closing basis.
The $1.00 level below it is the last psychological barrier before XRP is pricing out the entire post-settlement premium, and from today’s close at $1.132, it is less than 12% away.
On the upside, reclaiming $1.20 on a daily close is the first requirement before any recovery narrative has credibility. Above that $1.40 is where XRP spent most of March through May before the recent breakdown, and getting back there would be the first sign that the short squeeze Grok is describing has actually started.
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Here is Why Grok AI Predicts LiquidChain To Catch XRP Holders’ Attention
The traders who win cycles are never the ones waiting at resistance for a breakout that depends on someone else’s decision.
Large caps are stuck. Bitcoin, Ethereum, and XRP are all pressing against the same bands they have been testing for weeks. Macro relief is perpetually one data print away. Institutional inflows are perpetually one quarter away. The upside ceiling is visible and it is not moving.
Early-stage infrastructure does not work that way. The market cap is small enough that capital, which barely registers as a rounding error at Bitcoin’s scale, produces dramatic price movement here.
The returns come from the gap between what something is actually worth and what the market currently thinks it is worth. That gap exists right now because the project has not been discovered yet. Once it is, the gap closes.
Multi-chain fragmentation is one of the most expensive structural problems in DeFi, and it has existed since the first bridge went live. Bitcoin, Ethereum, and Solana each run a completely isolated liquidity infrastructure.
Moving value between them costs money every single time. Fees, slippage, failed transactions. The disconnection is architectural, and no amount of bridging has fixed it because bridges are not a fix. They are a workaround.
LiquidChain removes the need for the workaround entirely. All 3 networks collapse into a single execution layer. One deployment. Full ecosystem access. No cross-chain tax is extracted from every interaction.
The presale is at $0.01454 with just over $820,000 raised. Ground floor is a description, not a pitch, and Grok AI predicts it would run.
Execution is unproven. Adoption is unknown. The risk is real. Established assets offer a smoother ride toward a ceiling that is already priced in. LiquidChain is a seat at a table that has not been set yet.
Explore the LiquidChain Presale
The post Elon Musk Grok AI Predicts Shocking XRP Price in The Next 28 Days appeared first on Cryptonews.
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