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Crypto Markets Erase $120B as Bitcoin Tanks to $58K Amid Growing Strategy FUD: Weekly Recap

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Although there are still some days left in June, the month has turned out to be one of the worst for the entire cryptocurrency market in recent history.

Before we explore what took place in the past week alone, let’s rewind the clocks to last Friday when the most significant news came from the new Fed Chair Kevin Warsh, who continued Powell’s policy of maintaining the interest rates unchanged and had a hawkish conference after the FOMC meeting. In addition, the promised deal between the US and Iran failed as both parties have yet to reach a permanent agreement.

Bitcoin reacted with a nosedive from $67,200 to $63,000. Although the bulls managed to defend that level and even push the cryptocurrency to $65,500 on Monday, the real trouble was just ahead.

BTC was quickly and violently rejected there and dropped by over three grand in hours. Its recovery attempt was halted at $63,000, and the bears initiated another leg down on Wednesday, taking the asset south to $59,000, which became a new multi-year low. Bitcoin reacted well at first and quickly rebounded to $62,000, but that turned out to be a dead-cat bounce.

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The bears were even more persistent during the next phase of the correction, driving the asset down to $58,000 for the first time since October 2024. That support level has held for now, and BTC has recovered some ground, but still remains below $60,000 as the overall market uncertainty continues. This is particularly true for Michael Saylor’s Strategy, but more on that a bit later.

The weekly chart below will paint a clear picture, as red dominates almost all charts. BTC is down over 5%, while ETH and XRP have bled 8.5% and HYPE 7%. DOGE, ZEC, ADA, and XLM have plummeted by double digits. The only notable exceptions are RAIN (8%) and AAVE (20.5%) in the green. The total crypto market cap is down by over $120 billion weekly.

Cryptocurrency Market Overview Weekly, June 26. Source: QuantifyCrypto
Cryptocurrency Market Overview Weekly, June 26. Source: QuantifyCrypto

Market Cap: $2.14T | 24H Vol: $99B | BTC Dominance: 55.6%

BTC: $59,555 (-5.1%) | ETH: $1,560 (-8.5%) | XRP: $1.04 (-8.5%)

Saylor Should Stop Buying Bitcoin, Says CryptoQuant. As mentioned above, Strategy continues to be the main talk in crypto, with CQ urging the firm to halt its BTC buying spree in favor of rebuilding its USD reserve. The company indeed followed a similar philosophy over the past week, buying just $35 million in BTC while increasing its USD reserve by $300 million.

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MSTR’s Bitcoin Per Share Gets ‘Annihilated’ in Extreme Bear Case: Analyst. Meanwhile, a popular analyst outlined the massive risks to Strategy and its stock price if BTC’s bear market extends, including a worst-case scenario for MSTR of a drop to $1. Separately, KALEO warned last week that the firm might have to sell over 50,000 BTC in the next couple of years.

Polymarket to Refund Users After Hackers Steal $3M in Frontend Attack. The team behind the popular platform confirmed on Friday that a compromised third-party vendor allowed attackers to inject malicious code into its frontend, draining $3 million from a handful of users. It promised to fully reimburse the affected customers.

Hyperliquid Responds After Appearing on Singapore’s Investor Alert List. The Monetary Authority of Singapore (MAS) added Hyperliquid to its Investor Alert List (IAL), raising concerns within the industry. However, the exchange claimed that this doesn’t necessarily constitute a regulatory violation, an enforcement action, or a ban.

Bitcoin Miners Flood Binance as Exchange Inflows Hit Four-Month High. On-chain data shared by CryptoQuant showed that BTC miners had sent massive portions of their bitcoin holdings to some exchanges, including Binance. This coincided with the asset’s violent price drop.

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Bitcoin Didn’t Lose to Gold, the Rotation Story Is Wrong: Analyst. Although both assets have turned red in 2026, gold continues to take the recent market-wide correction better. However, analyst Shanaka Anslem Perera believes the rotation story from BTC to the precious metal is actually wrong.

This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis.

The post Crypto Markets Erase $120B as Bitcoin Tanks to $58K Amid Growing Strategy FUD: Weekly Recap appeared first on CryptoPotato.

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XRP Price Prediction 2026: Pepeto Presale Math Beats XRP $10 Target as Bill Morgan Pushes Ripple to Unlock Faster

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XRP Price Prediction 2026: Pepeto Presale Math Beats XRP $10 Target as Bill Morgan Pushes Ripple to Unlock Faster

The xrp price prediction shifted again after pro-XRP lawyer Bill Morgan demanded Ripple release more of the monthly 1 billion XRP unlock instead of looping it back into escrow per Benzinga. The note dropped while XRP slid to $1.04. Benzinga still calls $10 a real long-term target, with Standard Chartered projecting $8 by year end.

The xrp price prediction now runs alongside record ETF activity. Seven U.S. spot XRP ETFs hold $1 billion AUM and 938.7 million tokens in custody on June 25, but the early high-multiple window for XRP and Solana closed at $67 billion and $40 billion in market cap.

CoinDesk reported XRP slid 2.8% to $1.04 on June 25, losing the $1.0850 support and parking at the lower end of its June trading range. Bulls need to reclaim $1.10 to flip the shakeout narrative. Solana (SOL) sits at $69.25, down 0.52%, while broader risk turned cautious across the CD20 index.

For the wider tape, the XRP setup confirms both tokens lean on institutional flow for price support, but the early returns are already behind them. The traders hunting 267x are no longer looking at assets where the chart fights over a $1 floor.

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Top Cryptocurrencies to Position Before the Next Breakout

Pepeto: The Exchange Token Where $0.0000001879 Could Become 267x Before Institutions Find It

XRP traders sit on resistance levels waiting for steady percentage gains, but Pepeto at $0.0000001879 runs on different math. The ticket price is a fraction of a cent, the runway scales for years, and presale wallets stand in front of every public buyer that arrives later.

A live exchange under construction at the presale stage is rare on its own. Add $10,334,426 already inside the raise during a Fear and Greed reading of 12, a SolidProof reviewed contract, the cofounder who walked Pepe to $7 billion, and a former Binance executive shaping the listing.

Pepeto targets a meme coin trading market worth more than $45 billion with zero-fee infrastructure spanning three chains. Hitting 267x only requires the token to trade at a fraction of what Pepe achieved with the same 420 trillion supply.

The xrp price prediction has a ceiling. Pepeto does not, and the Binance listing is the event that wipes this entry off the screen for good.

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XRP Price Prediction: Validated by Institutions but Returns Stay Range Locked

XRP trades near $1.04 per CoinmarketCap after losing key support under $1.0850. Benzinga still maps $10 as a possible long-term target, with Standard Chartered projecting $8 by year end and Coinpedia mapping $5 to $6 later this cycle.

The xrp price prediction targets $10 if ETF flows and CLARITY clarity keep stacking, roughly 9x over years, but moving averages stack between $1.13 and $1.19 and block every rally attempt.

Solana (SOL) Price at $69.25 as Risk Sentiment Cools Across Major Tokens

Solana traded at $69.25 per CoinDesk, down 0.52% across a broader pullback on June 25. SOL ETFs continue to attract incremental flows while support sits at $65 with $89 the key resistance. Losing $65 opens $58.

Conclusion

Ripple will still be trading next week no matter what the xrp price prediction lands on. The Pepeto presale will not. The June 25 break under $1.0850 confirms the early high-multiplier window for both XRP and SOL is already closed. A $1,000 XRP position buys 935 tokens and stretches to about $9,000 even at the bullish $10 target.

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The same $1,000 in Pepeto secures 5.32 billion units, a position that pays out between $100,000 and $150,000 once the listing hits Pepe’s ATH math, and $10,000 on the same ticket is the million-dollar wallet most readers spent last cycle wishing they had.

One wallet got in before listing and walked out of this cycle with a portfolio between $150,000 and a million on a single position. The other hesitated like buyers who passed on Shiba Inu and carries that regret forever. The window is still open, but at the pace demand is hitting the raise, days are all that is left.

Click To Visit Pepeto Website To Enter The Presale

FAQs

What is the xrp price prediction target after Bill Morgan called for faster escrow releases?

The xrp price prediction targets $10 long term per Benzinga if ETF demand and CLARITY Act clarity keep stacking. XRP’s $67 billion cap caps near-term upside to percentages, not the multiples a presale entry can deliver.

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How does Pepeto’s return math compare to holding XRP or SOL?

Pepeto secures 5.32 billion units per $1,000 at $0.0000001879, a position that pays between $100,000 and $150,000 at listing on Pepe’s ATH math. XRP at $67 billion and Solana at $40 billion cannot support a 100x to 150x outcome from their current caps.

What does the June 25 XRP breakdown mean for XRP and Solana?

XRP losing $1.0850 confirms both tokens lean on institutional ETF flows for price support. Neither offers the presale upside Pepeto carries ahead of a confirmed Binance listing at $0.0000001879.


Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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Fed Official Kashkari Gives Rate Hike Warning: How Will US Stocks and Bitcoin React?

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Fed Rate Bets for July Meeting. Source: CME FedWatch Tool

A senior Federal Reserve official has put a possible 2026 interest rate hike back in focus, adding new pressure on US stocks. Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said Friday that he now expects one rate increase in 2026 and does not see cuts coming soon.

His comments are critical because Kashkari has long been seen as one of the Fed’s more dovish policymakers. His shift suggests inflation concerns are spreading inside the central bank, leaving investors to rethink how long borrowing costs may stay high.

Why the Kashkari Rate Hike Call Matters for Stocks

Kashkari’s comments came shortly after the Fed’s June policy meeting, where officials voted 12-0 to hold interest rates between 3.50% and 3.75%.

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The bigger signal came from the Fed’s own projections. Nine of the 18 officials now expect at least one rate hike in 2026. The median forecast also moved higher, rising to 3.8% from 3.4% in March.

Investors had spent much of the year expecting the next major move to be a cut. The June meeting weakened that assumption and pushed markets toward a more uncomfortable possibility: borrowing costs may stay higher for longer.

Fed Chair Kevin Warsh also moved away from forward guidance, the practice of giving markets a clearer sense of where policy may go next. That makes each inflation report and jobs report more important, because traders now have fewer signals from the central bank in advance.

Markets are already reacting to that risk. Futures prices show traders see about a 30% chance of a July hike, according to CME FedWatch data. They also put the odds of at least one rate increase by December at roughly 76%, keeping the risk of another Fed hike firmly in view.

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Fed Rate Bets for July Meeting. Source: CME FedWatch Tool
Fed Rate Bets for July Meeting. Source: CME FedWatch Tool

“I’m concerned about inflation, and it’s not only tied to what’s happening in the Middle East, it’s just the impression of broader inflationary pressures in the economy,” Kashkari said.

Follow us on X to get the latest news as it happens

Higher Rates Squeeze Growth Stocks and Bitcoin

Higher-for-longer rates weigh on growth and technology stocks. They raise discount rates and borrowing costs for companies that carry debt.

Crypto sits in the same rate-sensitive camp. Bitcoin recently traded near $60,000, up about 1.3% in 24 hours.

Bitcoin Price Performance. Source: BeInCrypto
Bitcoin Price Performance. Source: BeInCrypto

The last hiking cycle shows the stakes. As the Fed raised rates through 2022, Bitcoin fell from about $69,000 to near $15,500.

A late-2026 hike would reinforce the backdrop behind recent bearish calls.

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BitMEX co-founder Arthur Hayes sees a $40,000 Bitcoin bottom within six months, citing a hawkish Fed. His six-month window runs into late 2026, the same stretch Kashkari flagged for a possible hike.

China’s top Bitcoin miner, Jiang Zhuoer, expects a similar floor around $42,000 to $44,000 in late 2026. He built the call on Strategy’s mNAV near 0.72, close to its 2022 bear-market low. Both targets sit between about 27% and 34% below current levels.

Other signals cut the other way. Wintermute says leverage has largely cleared, while Hayes still holds a year-end target above $200,000.

Investors now look to upcoming inflation and jobs data for the next signal. Whether Kashkari’s hike lands in late 2026 may shape equity valuations and Bitcoin price forecasts into year-end.

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The post Fed Official Kashkari Gives Rate Hike Warning: How Will US Stocks and Bitcoin React? appeared first on BeInCrypto.

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Ethereum Whale Who Shorted October 2025 Crash Returns With $19.7M Short ETH Bet

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Ethereum Whale Who Shorted October 2025 Crash Returns With $19.7M Short ETH Bet

An Ethereum whale who shorted Ether (ETH) during the October 2025 crypto crash has returned after eight months of silence.

Key takeaways:

  • Ethereum whale opens a $19.72 million 20x ETH short near the $1,500 support zone.
  • ETH’s bear flag setup hints at a decline toward $1,375, which may earn the whale roughly $2.39 million in profits.

Ethereum whale opens 20x short after eight-month hiatus

On Friday, wallet ‘0xf83f…6728’ opened a 20x-leveraged ETH short worth $19.72 million as Ether reached the $1,500 support zone after dropping 18.25% over the last two weeks.

The position was opened at an average price of around $1,565, according to data resource Hyperbot. As of this press time, the whale had earned nearly $106,500 in unrealized profits as the ETH price dropped around the $1,550 area.

Ethereum whale’s $19.72M position status as of Friday. Source: Hyperbot

The downside sentiment in the Ethereum market has tracked a broader tech-led risk selloff, with traders cutting exposure to speculative assets as Nasdaq and chip stocks came under pressure.

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Ethereum-specific sentiment has weakened further amid renewed scrutiny of the Ethereum Foundation, following reports of budget cuts, staff reductions and a wave of senior departures that have raised questions about the organization’s leadership stability.

Ether is eyeing a decline toward the $1,375 level if it continues the breakdown out of its prevailing bear flag pattern.

ETH/USD daily price chart tracking the bear flag breakdown setup. Source: TradingView

If ETH falls to $1,375, the whale’s unrealized profit would rise to roughly $2.39 million before fees and funding, based on the position’s approximate $1,565 entry price.

Same whale shorted ETH near October 2025 crash top

The wallet’s latest move stands out because of its trading history.

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Transaction logs show that wallet ‘0xf83f…6728’ last became active on Oct. 27, 2025, when it opened an ETH short near $4,172 as volatility from the October crypto crash was easing.

Related: Are Ethereum OGs jumping ship? Here’s what the data says

The trader later closed the position near $4,133, booking $41,693 in net profit after $5,263 in exchange fees.

Ethereum whale’s filled ETH orders from October 2025. Source: Hyperbot

The whale’s current strategy appears similar: short ETH into weakness, use high leverage, and lean into downside momentum. The scale has changed sharply, however, since the current position carries nearly $20 million in notional exposure, making it far larger than the whale’s October 2025 trade.

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ETH double bottom could threaten the whale’s short

The whale’s bearish bet is not without risk.

As of Friday, Ether’s daily chart showed a potential double bottom near the $1,500–$1,512 support area, where buyers stepped in twice in June. The setup remains unconfirmed, but a strong rebound from this zone could shift short-term momentum back toward the bulls.

ETH/USD daily price chart tracking a potential double-bottom breakout setup. Source: TradingView

The key level to watch is the neckline near $1,850. A decisive daily close above that level would confirm the double bottom pattern and open the door to a measured rebound toward roughly $2,190, based on the distance between the neckline and the $1,512 bottom.

That would put ETH close to the whale’s liquidation zone near $2,150, meaning a confirmed bullish reversal could pressure or even wipe out the short position if the trader does not add collateral or reduce exposure.

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SEC, CFTC Seek Input on Unified Portfolio Margin Rules

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SEC, CFTC Seek Input on Unified Portfolio Margin Rules

The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have opened a joint public consultation on whether to better align portfolio margin rules across securities and derivatives markets, seeking feedback on approaches that could expand cross-margining and reduce market fragmentation.

The agencies are requesting input on cross-margining, collateral treatment, risk management, customer protections and the potential effects on market liquidity and competition. The public comment period will remain open for 60 days after the request is published in the Federal Register.

“Cross-margining offers a clear opportunity to unlock liquidity that remains frozen in separate accounts,” SEC Chair Paul Atkins said, adding that harmonizing the agencies’ frameworks could help prevent jurisdictional overlap from limiting innovation and market efficiency.

Cross-margining allows offsetting positions across different products or markets to be considered together when calculating margin requirements, rather than treating each position separately. By recognizing these offsets, companies can often post less collateral against hedged positions because margin is based on the portfolio’s overall risk rather than each position in isolation.

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The SEC oversees securities and security-based swaps, while the CFTC regulates futures, swaps and commodity derivatives. As crypto exchanges and brokerages increasingly operate across both markets, the agencies’ joint review reflects the growing need for coordinated oversight.

Related: CFTC hires SEC crypto task force adviser with blockchain forensics chops

Crypto derivatives expand across regulated markets

The joint request for comment follows recent regulatory approvals that paved the way for a broader expansion of crypto derivatives offerings.

On May 29, the CFTC approved Bitcoin (BTC) perpetual futures for prediction market platform Kalshi and cleared Coinbase Financial Markets to offer eligible US institutional clients access to certain Deribit-listed crypto options and perpetual futures. Coinbase began offering that access the same day through its integration with Deribit.

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A few weeks later, Kraken launched CFTC-regulated perpetual futures for eligible US users through its recently acquired Bitnomial platform, expanding its domestic derivatives offerings beyond CME-listed crypto futures.

Source: Kraken Pro

The expansion of crypto derivatives in the US has also raised broader questions about whether existing regulatory frameworks remain appropriate across different markets.

Earlier this week, CFTC Chair Mike Selig said cryptocurrency perpetual futures were not a “natural fit” for traditional commodity markets such as agriculture, highlighting the challenges regulators face in applying existing frameworks across increasingly diverse asset classes.

Magazine: Bitcoin slides to $58K, XRP hits $1 but onchain data promising: Market Moves

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Mystery deepens over Cardano wallet’s $18.5M white hat hacker

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Mystery deepens over Cardano wallet's $18.5M white hat hacker

Cardano founder Charles Hoskinson has claimed that the identity of the presumably white hat hacker who took $18.5 million worth of ADA from exposed Cardano wallet users is unknown.

In an X talk yesterday called The Bingo Hall, Hoskinson claimed that he was informed by “Jer” of what went down in a meeting between the Cardano governance firm Intersect and the developers of SecondFi, Emurgo.

A clipped snippet of the talk shows Hoskinson claiming that “A member of the Emurgo team said the identity of the white hat hacker is not known to Emurgo.” He shortly added, “or at least [Emurgo] said it is not affiliated with Emurgo.” 

“That’s probably a fair representation of the statement,” Hoskinson said, before noting that it was a secondhand recollection from the meeting by Jer.

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Read more: Cardano wallets drained of $2.4M after self-custody exploit

He said, “I don’t particularly care if it’s Joe Schmo, Emurgo, or a third-party, doesn’t matter to me,” noting that his only concern is how they are going to move the funds and return them to affected users. 

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Days before this, X users had already begun to speculate whether or not Emurgo knew who the white hat hacker was. 

Now, X users are doubting whether Emurgo knew the white hat hacker, with some calling for a police investigation into the firm. Others, however, are hoping Hoskinson’s claims are just a “miscommunication.”

SecondFi claims it triggered emergency measures

SecondFi, one of the largest Cardano wallet generators, was exploited earlier this week, and 16 million ADA ($2.4 million) was reported stolen from user wallets.

However, another 129 million ADA ($18.5 million) was also taken, but SecondFi later claimed that it was the result of an emergency measure it had deployed to secure the funds. 

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It said, “To prevent total loss during the active exploit, emergency rescue measures were triggered to secure the available ~129m ADA and continues to be routed to an independent, qualified third-party custodian, where they are held securely for the benefit of the affected wallet addresses.”

“An external accounting firm has been engaged for a special audit to independently verify those holdings,” it added.

Intersect’s latest post on the exploit yesterday demanded “a transparent account of how the issue arose, of the emergency measures taken to protect user assets, including the movement of at-risk funds to custody, and of how those assets, which include CNTs and NFTs as well as ada, will be safeguarded and returned.”

Intersect stresses Cardano blockchain isn’t broken

Intersect stressed that the exploit has nothing to do with the Cardano blockchain itself.

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However, it noted that the implications of the exploit may impact the flow of ADA across the ecosystem.

SecondFi’s latest statement claims it took a final balance snapshot today and estimates thait will return lost user assetsed in two weeks’ time. 

Read more: Hoskinson wants to save Cardano’s rep by leaving X for Discord safespace

This isn’t guaranteed, and the firm noted that it is still trying to reach a “working solution” before it proceeds to test and review the asset return process. 

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It still advises users not to move to new wallets and warns, “Independent actions taken outside of official guidance create additional risks, and may significantly complicate the asset claims process.”

Protos has reached out to Emurgo for comment and will update this piece should we hear anything back. 

Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on XBluesky, and Google News, or subscribe to our YouTube channel.

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Minneapolis Fed President Neel Kashkari says he expects a rate hike this year

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Minneapolis Fed President Neel Kashkari says he expects a rate hike this year

Neel Kashkari, president and chief executive officer of the Federal Reserve Bank of Minneapolis, during the Bloomberg Invest event in New York, US, on Tuesday, March 3, 2026.

Michael Nagle | Bloomberg | Getty Images

Minneapolis Federal Reserve President Neel Kashkari said Friday he has changed his outlook and now expects that one interest rate increase will be necessary this year.

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In remarks just over a week after the Federal Open Market Committee voted to hold its benchmark rate steady, Kashkari said he sees a hike as likely this year as the economy continues to feel the hit from spiking inflation tied to fighting in the Middle East and other factors.

“In March, I had penciled in one rate cut by the end of the year. In June, I’ve changed that to one rate hike by the end of the year,” the policymaker said during a panel discussion at the Aspen Ideas Festival. “It’s a pencil, and so we’re going to have to see how the data comes in.”

A Commerce Department report earlier this week showed that the headline inflation rate as gauged by the Fed’s preferred measure rose to 4.1%, the highest since April 2023. Stripping out food and energy costs, core inflation was at 3.4%, also marking a high since October 2023.

Inflation has been above the Fed’s 2% goal for five years.

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Kashkari said his approach to rates has shifted as he remains skeptical that the energy price-induced cost surges will abate soon as unease continues in the Middle East. President Donald Trump charged Friday that Iran has violated a ceasefire agreement.

“I don’t trust Iran to honor whatever agreement has been made,” he said. “There’s some evidence of overnight that they’re already reneging on it, so I certainly am not seeing all clear coming out of the Middle East, and that makes me cautious about feeling too good that the worst is behind us.”

While much of the inflation surge has been blamed on oil prices, Kashkari cited other factors.

“The inflation is being driven by supply dynamics, so whether it’s tariffs pushing up the price of goods that we buy from abroad, it’s the fertilizer that’s been disrupted because of the Strait of Hormuz and energy and oil prices from the Strait of Hormuz,” he said. “Then it’s also being driven by massive investment, hundreds of billions of dollars a year into data centers and all of the associated infrastructure that goes with that. Anything that touches those sectors, the prices are skyrocketing on those parts of the economy.”

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Early comments from policymakers coming out of the Fed meeting suggest mixed views on the FOMC, of which Kashkari is a voting participant this year.

On Thursday, New York Fed President John Williams said he expects inflation to ease and he sees current policy well-positioned for current dynamics. At the same time, Chicago Fed President Austan Goolsbee told CNBC that he remains concerned about inflation but declined to speculate on where he sees rates heading.

Correction: Kashkari’s remarks were delivered Friday. An earlier version misstated the date.

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

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BlackRock-backed Securitize to raise $400 million nearing public debut; CEPT jumps 8%

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Securitize, Computershare open path for $70 trillion U.S. stocks to move onchain

Securitize, one of the largest providers of tokenization infrastructure for Wall Street, expects to raise about $400 million as it prepares to go public through a merger with a Cantor Fitzgerald-backed special purpose acquisition company.

The company said Friday that, following lower-than-expected shareholder redemptions, the business combination with Cantor Equity Partners II (CEPT) is expected to generate roughly $400 million in gross proceeds, including private investment in private equity (PIPE) financing.

CEPT was 8% higher following the news.

The transaction is scheduled to close on July 1, pending shareholder approval on June 29 and other customary closing conditions. The combined company is expected to begin trading on the New York Stock Exchange the following day under the ticker SECZ.

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Tokenization — the process of representing assets such as funds, bonds and private credit on blockchain networks — has become one of Wall Street’s fastest-growing digital asset initiatives. The market for tokenized real-world assets has grown to more than $30 billion excluding stablecoins, according to rwa.xyz, while Boston Consulting Group and Ripple project it could reach $18.9 trillion by 2033.

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Any ETH Rebound Remains Corrective Below This Key Level: Ethereum Price Analysis

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Ethereum remains under heavy selling pressure after another rejection at a key resistance level, with the latest decline pushing the asset back toward a major demand zone. While buyers are attempting to stabilize the price around support, the broader trend remains firmly bearish as ETH continues to trade below all major moving averages.

Ethereum Price Analysis: The Daily Chart

On the daily timeframe, Ethereum continues to print lower highs and lower lows while trading beneath the 100-day, 200-day, and long-term descending trendline, confirming that sellers remain in full control of the broader structure.

The recent recovery stalled precisely below the $1.72K to $1.78K supply zone before bearish momentum resumed. That rejection has now driven ETH back into the key support region around $1.46K to $1.56K, where buyers are once again attempting to defend the market.

This support zone has produced another reaction, but so far the rebound remains weak and has failed to alter the overall bearish structure. As long as Ethereum remains below the $1.72K to $1.78K resistance area, rallies are likely to be viewed as corrective rather than the beginning of a trend reversal.

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A decisive loss of the current demand zone would expose the market to another leg lower, while reclaiming the nearby resistance would be the first indication that bearish momentum is beginning to fade.

ETH/USDT 4-Hour Chart

The 4-hour chart highlights the recent rejection at the $1.72K to $1.78K resistance zone, triggering another sharp decline toward the lower boundary of the established range.

Following that sell-off, ETH has bounced modestly from the $1.50K to $1.53K support area, suggesting buyers remain active around this demand zone. However, the asset continues to trade near the bottom of the broader consolidation range, while every recovery attempt has so far produced another lower high.

The current structure suggests Ethereum may continue consolidating between approximately $1.52K and $1.75K in the near term. The lower boundary remains the critical level to watch, as another breakdown below support could accelerate bearish momentum, whereas reclaiming the upper resistance would improve the short-term outlook and open the door for a stronger recovery.

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Sentiment Analysis

The Exchange Netflow chart shows a notable increase in ETH moving onto exchanges over the most recent sessions, with the 14-day moving average of netflows turning sharply positive.

Historically, sustained positive exchange netflows indicate that more coins are being transferred to trading venues, often reflecting rising selling pressure or a greater willingness among holders to distribute their assets. This shift has coincided with Ethereum’s latest decline toward the $1.5K area.

Although exchange inflows alone do not guarantee additional downside, the recent surge suggests that supply entering exchanges remains elevated. Unless netflows begin to moderate while price stabilizes around the current demand zone, the on-chain data continues to favor a cautious outlook and supports the possibility of continued weakness before a more durable recovery can develop.

The post Any ETH Rebound Remains Corrective Below This Key Level: Ethereum Price Analysis appeared first on CryptoPotato.

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Ripple Price Analysis: How Likely Is a Crash to $0.60 as XRP Tests $1 Support?

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XRP remains under sustained selling pressure, with the broader trend continuing to favor the sellers. The USDT chart shows the price on the verge of breaking a major support area after another leg lower, while the XRP/BTC pair has also slipped back toward a key floor, highlighting the token’s ongoing weakness against Bitcoin.

Ripple Price Analysis: The USDT Pair

On the USDT pair, XRP has extended its long-term downtrend while respecting a descending channel that has capped the price action for several months. The asset is currently trading around $1.04 after almost losing the key $1.10 support zone, which has now turned into immediate resistance.

The asset also remains below the 100-day and 200-day moving averages, with the 100-day sitting near $1.25 and the 200-day around $1.5. Both averages continue to slope downward, reinforcing the bearish market structure. Meanwhile, the upper boundary of the descending channel is converging with these moving averages, creating a strong resistance cluster that buyers would need to reclaim before any meaningful trend reversal could be considered.

On the downside, the current support zone around $1.00 is being tested. A confirmed breakdown below this area could expose the next major demand region around $0.60. Momentum also continues to deteriorate, with the RSI falling toward the oversold territory, which suggests bearish pressure remains dominant even though short-term relief bounces cannot be ruled out.

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As long as XRP remains below the descending channel resistance and the major moving averages, the broader market structure continues to favor sellers despite the recent stabilization.

The BTC Pair

Against Bitcoin, XRP is also trading inside a well-defined descending channel. This shows persistent relative weakness throughout the past several months. The pair is currently trading around 1,720 sats while sitting directly on a horizontal support level that has repeatedly attracted buyers since May.

However, the broader technical picture remains bearish. The price is trading below both the 100-day and 200-day moving averages, which are located around 1,850 sats and 2,000 sats, respectively, while both averages continue to trend lower. As a result, any recovery attempt is likely to encounter heavy resistance around the 1,850 to 2,000 sats region, followed by the upper boundary of the descending channel.

If the current support at roughly 1,700 sats fails to hold, sellers could target the lower boundary of the channel near the 1,500 sats area. Conversely, defending this level could allow for another short-term rebound toward the channel resistance, although the overall structure would remain bearish unless XRP manages to reclaim the major moving averages and establish higher highs.

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The post Ripple Price Analysis: How Likely Is a Crash to $0.60 as XRP Tests $1 Support? appeared first on CryptoPotato.

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Brian Armstrong supports GOP at fundraising dinner with JD Vance

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Brian Armstrong supports GOP at fundraising dinner with JD Vance

Recently, United States Vice President JD Vance reportedly joined a dinner with donors, including Brian Armstrong, as part of his efforts to fundraise for the Republican Party.

The dinner was held at the home of All-In podcast host Chamath Palihapitiya and included approximately two dozen donors, including Lip-Bu Tan, the chief executive of Intel.

This fundraising dinner reportedly raised approximately $4.2 million, with Axios reporting that donors each paid $250,000.

Read more: Bitcoin bull Palihapitiya reckons ‘nobody cares’ about Uyghur genocide

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Vance is the Republican National Committee (RNC) finance chair, a role that is allowing him opportunities to get face time with donors before a likely 2028 presidential campaign.

Armstrong has become an increasingly important political donor, contributing to the cryptocurrency-related Super PACs as well as contributing to a variety of different political candidates.

Armstrong has also met repeatedly with President Donald Trump.

Read more: Crypto lobbyists are busy preparing for the 2024 election

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This aggressive move into politics from Armstrong comes after the infamous Coinbase blog post; Coinbase is a mission focused company.

This blog post/manifesto made it clear that Coinbase should not “advocate for any particular causes or candidates internally that are unrelated to our mission.”

It further added internal company policies to limit workplace communication about politics, limiting speech that would “debate causes or political candidates internally that are unrelated to work.”

However, Armstrong apparently feels that this limitation does not prevent him from throwing his wealth around to support politicians who he can convince himself are related to Coinbase’s mission.

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