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After Bitcoin’s decisive breakdown from a multi-month rising channel, the largest crypto is still under immense pressure. While buyers managed to defend the $60K support region and trigger a short-term rebound, the broader structure still favors the sellers unless BTC can reclaim several important resistance levels overhead.

Bitcoin Price Analysis: The Daily Chart

On the daily timeframe, BTC recently confirmed a bearish breakdown below a large ascending channel, accelerating selling pressure and pushing the asset toward the major support zone around $60K, where buyers stepped in and halted the downtrend.

The selloff also drove Bitcoin well below both the 100-day and 200-day moving averages. These MAs are currently positioned around $72K and $76K, respectively. The loss of the 100-day moving average, which was supposed to act as a dynamic support level, signals a significant deterioration in the broader market structure and suggests that sellers continue to control the trend.

Following the sharp decline, BTC found demand near $60K and staged a modest recovery toward the $64K region. However, the rebound remains relatively weak compared to the magnitude of the preceding drop.

The first major resistance now sits between $65K and $68K, where a previous support area has turned into supply. Above that, the more critical resistance zone is located around $72K to $75K, which coincides with the 100-day moving average and the lower boundary of the broken ascending channel. A successful reclaim of this area would be the first indication that the recent breakdown may have been a bear trap.

On the downside, the $60K region remains the most important support level. Losing this zone could expose Bitcoin to a deeper correction toward lower liquidity clusters and potentially trigger another wave of capitulation.

BTC/USDT 4-Hour Chart

The 4-hour timeframe provides a clearer view of the recent breakdown and subsequent consolidation phase. After losing the $72K to $74K support zone, BTC experienced an aggressive selloff toward the $60K demand area. Since then, the price has formed a short-term ascending channel, indicating a corrective recovery rather than a confirmed trend reversal.

However, the recent rejection from the upper boundary of this channel and the subsequent breakdown suggest that bullish momentum remains limited. Although BTC managed to stabilize and reclaim the mid-$64K area, it continues to trade beneath the key resistance block between $65K and $68K.

As long as the price remains below this supply zone, the current rebound appears corrective in nature. A successful breakout above $68K could open the door for a move toward the larger resistance cluster at $72K to $74K. Conversely, another rejection from current levels would increase the probability of a retest of the $60K support zone.

The RSI on the 4-hour chart has recovered into neutral territory, reflecting improving short-term momentum. However, it has not yet entered strongly bullish conditions, which supports the view that the ongoing move remains a relief rally within a broader bearish structure.

Sentiment Analysis

The funding rate chart offers an important insight into current derivatives positioning. Funding rates remained predominantly negative throughout much of the recent decline, indicating that short positions dominated the market during the selloff. This persistent negative funding reflected bearish sentiment and aggressive short exposure as BTC traded lower.

More recently, funding rates have shifted back into positive territory, currently hovering around 0.004. This transition suggests that market participants are gradually rebuilding long exposure following the bounce from the $60K support area.

From a contrarian perspective, the normalization of funding after an extended period of negative readings can be viewed as a constructive development. The market has already undergone a substantial deleveraging event, and the recovery in funding suggests improving confidence among futures traders.

However, the current funding levels remain far below the overheated conditions seen during previous bullish phases. This indicates that while sentiment is improving, leverage remains relatively contained and does not yet confirm the beginning of a sustained uptrend.

Overall, the derivatives data suggest that bearish pressure has eased following the recent liquidation event, but Bitcoin still needs to reclaim the $68K and $72K-$74K resistance zones before a broader bullish recovery can be confirmed. Until then, the rebound from $60K appears more consistent with a relief rally within a weakened market structure.

The post Bitcoin Price Analysis: Here’s BTC’s Most Likely Path This Week appeared first on CryptoPotato.

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TLDR:

• The Humanity Protocol exploiter converted part of the stolen assets into USDC before exchange deposits.
• Blockchain data shows funds moved through multiple wallets, exchanges, and stablecoin conversions.
• Investigators linked the $36 million breach to malware delivered through a phishing email attack.
• The attacker gained admin access, moved 141 million H tokens, and minted additional assets.

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The perpetrator of the Humanity Protocol exploit has started transferring some of the funds in the victim’s wallet around the crypto industry. The blockchain data indicates that some assets were converted to stablecoins before being sent to KuCoin. 

The transactions come weeks after a major security breach that compromised administrative controls and led to significant token losses. Recent on-chain activity provides new insight into how the attacker is handling the stolen assets.

Humanity Protocol Exploiter Moves Crypto Through USDC and KuCoin

Lookonchain’s blockchain analytics service said wallets used by the Humanity Protocol exploiter recently switched a portion of the funds they had stolen into USDC. These money was then moved to KuCoin via public blockchain records.

The tracking data shows that the attacker had distributed assets in multiple wallets before transferring such. There were several ETH transactions that ranged from 10 ETHs to 50 ETHs in the transfers.

There was also a bigger move of around 500 ETH that has been seen in the wallet transfers.The transfers followed a pattern commonly observed after major crypto exploits.

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Lookonchain noted that the exploiter conducted several token swaps before sending funds to the exchange. The transactions included conversions into USDC and USDT.

The movement of funds extended beyond direct wallet transfers. On-chain records showed activity involving decentralized exchanges such as Uniswap and PancakeSwap.

Those platforms allowed the attacker to exchange assets while retaining control of the funds. Routing transactions through multiple addresses also made blockchain tracking more complex.

The latest transactions indicate that at least part of the stolen crypto has entered a more liquid form. Stablecoin conversions often play a key role in post-exploit fund movements.

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Humanity Protocol Breach Traced to Phishing Attack

The Humanity Protocol exploit occurred on June 8. Reports indicate that a project director received a phishing email disguised as a message from a major South Korean crypto exchange.

The email contained a malicious attachment that installed malware on the recipient’s device. The software enabled the attacker to gain remote access and obtain sensitive credentials.

According to information surrounding the incident, the attacker extracted private keys and wallet data. That access opened a path to critical administrative accounts connected to Humanity Protocol.

After gaining control, the attacker upgraded smart contracts on Ethereum and moved approximately 141 million H tokens. The compromise also extended to a ProxyAdmin contract on BNB Smart Chain.

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Control of that contract enabled unauthorized minting of additional H tokens. The newly created and stolen tokens were later sold through decentralized exchanges.

The selling activity increased pressure on the token market following the breach. Humanity Protocol subsequently froze its Ethereum contract and secured remaining assets through an unaffected multisignature wallet.

Recovery efforts remain focused on affected users and ecosystem participants. The BNB Smart Chain deployment continues to face challenges linked to the exploit.

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Despite crypto’s volatility, XRP is still viewed by some investors as a long-term asset that could help them retire or protect their capital from inflation and currency devaluation.

But is there any math behind that argument? Some analysts have projected paths to $1 million by 2035, while others warn that XRP still faces extreme volatility and questions over its DeFi and institutional utility.

How Much XRP Would It Take to Retire by 2035?

XRP is the native token of the Ripple network, designed for fast, low-cost international transactions. Supporters highlight real-world adoption by financial institutions and positioning within ISO 20022 messaging standards, making it one of the few crypto assets directly tied to traditional banking infrastructure currently in use.

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The retirement math depends entirely on the price scenario the investor assumes for the next decade. Some long-term prediction models describe paths to a $1 million portfolio by 2035 under three sets of price assumptions. The token currently trades near $1.34, and projections vary widely among analysts and time horizons.

The conservative scenario assumes XRP reaching around $3.13 by 2035. Under this projection, an investor would need approximately 319,000 tokens to hit the $1 million target.

The equivalent investment today would be around $428,000 in XRP, accumulated through purchases over time at current prices.

A more bullish range of $9 to $10 per XRP changes the math dramatically. Investors would need only between 100,000 and 105,000 tokens to reach the same target by 2035.

The required upfront capital drops significantly because each token contributes more to the final portfolio value.

The most aggressive scenario considers XRP reaching $20 to $40 per token. Under these assumptions, just 25,000 XRP (currently valued at around $33,000) could grow into a retirement nest egg.

The asymmetric upside is what attracts speculative investors to the token despite mainstream advisor warnings.

“You understand Bitcoin’s scarcity and have watched it become the best performing asset of the last 15 years. You understand XRP’s utility and why many believe it could become significantly more valuable if adoption continues to grow. The question is, does your retirement account reflect that conviction?,” Bri Teresi said on X.

Why Mainstream Analysts Warn Against XRP as a Core Holding

Mainstream financial voices urge caution about treating XRP as a primary retirement vehicle. Motley Fool analysts note that the token has experienced multiple drawdowns greater than 50% throughout its trading history. For investors nearing retirement, this volatility could permanently impair capital just when liquidity matters most.

The recommended exposure level is significantly lower than what enthusiastic community members suggest. Most professional advisors recommend limiting any kind of crypto allocation to 5%-10% of a diversified portfolio.

The core holdings should remain in index funds, bonds, and other lower-volatility instruments designed for steady long-term compounding.

Read more: Retiring With Bitcoin by 2030: Hoax or Real Financial Strategy?

The risk profile suits investors with long time horizons and a high tolerance for swings. Younger savers with 20 or 30 years until retirement can withstand major drawdowns without compromising their financial future.

Older investors with less than a decade left should treat XRP as a small satellite position only.

Executive actions that open 401(k) plans to alternative assets create new pathways for crypto in retirement accounts in 2026. The shift could legitimize XRP exposure within traditional retirement vehicles, but does not eliminate the underlying volatility risk for individual portfolios.

What Could Go Wrong: The Risks XRP Community Must Accept

Beyond price volatility, treating XRP as a retirement asset requires honest acknowledgment of structural risks. Investors who entered at previous peaks waited years before recovering principal, a timeline incompatible with anyone needing liquidity within the next decade.

Regulatory uncertainty persists despite recent clarity milestones in the United States. Future administrations could reverse current frameworks, or new global treaties could restrict cross-border crypto flows.

Stablecoins backed by major institutions and emerging central bank digital currencies (CBDCs) also compete directly for the same payment use cases that justify the bull case.

Custody adds another layer of risk, often underestimated by new investors. Exchange hacks have wiped out years of accumulated savings overnight throughout crypto history.

Self-custody via hardware wallets is essential but introduces operational complexity that retirees particularly need to master before committing significant capital.

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The post The Great XRP Retirement: Testing the Math Behind the Hoax appeared first on BeInCrypto.

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Crypto and energy markets are bracing for a possible Black Monday selloff. US-Iran negotiations in Switzerland collapsed over the weekend, reviving fears of an oil shock and a risk-off move into Monday.

Iran’s delegation walked out of the talks in protest over fresh threats from President Donald Trump. Based on this, analysts and traders alike anticipate stocks and crypto could open sharply lower.

Switzerland Walkout Revives Oil and Hormuz Fears

The breakdown came at the Bürgenstock resort in Switzerland. The US, Iran, Pakistan, and Qatar had met there to extend a June 17 truce.

Iran’s team refused a group photo and walked out, state media reported.

Trump had warned he would strike Iran again over its proxies in Lebanon. He also told Iranian officials they would not make it home if Tehran closed the Strait of Hormuz.

That threat carries weight because of the cargo. About 20 million barrels of oil cross the strait each day, near 20% of global consumption, the EIA reports.

Still, the waterway has stayed open through past standoffs. Iran threatened closures in 2011 and 2019 but never followed through.

Brent crude had eased to near $80 a barrel last week as crude oil slipped below the same threshold when tankers resumed transit. However, the walkout now clouds that fragile recovery.

When Trump declared a ceasefire earlier this month, stocks and oil reacted while crypto barely moved.

Bitcoin Holds Steady as Black Monday Calls Spread

So far, crypto has not played along. The Bitcoin (BTC) spot price held near $64,181 on Sunday, a touch higher on the day.

Ethereum (ETH) traded near $1,730. Because crypto runs around the clock, that weekend calm is a live signal, not a closed-market guess.

Crypto also has no brakes. US stocks halt automatically if the S&P 500 falls 7%, 13%, or 20% in a day. Those safeguards were built for exactly this kind of panic.

Crypto carries no such circuit breakers. A Monday slide there would run without a pause. Still, weekend sentiment soured.

“If there isn’t a massive Black Monday Crash tomorrow, I will delete my account,” one user remarked.

The phrase he borrowed carries history. On Black Monday in 1987, the Dow fell 22.6% in one session, still its worst day on record.

However, markets clawed back most of those losses within months.

Trader Ted Pillows made a similar case, calling the risk and reward of buying stocks now poor.

Even so, similar weekend warnings have misfired before, and this one could too, with Qatar and Pakistan are still mediating, and both sides have reasons to step back.

The risk is not hypothetical. Bitcoin has repeatedly sold off with risk assets rather than acting as a haven.

When Israel struck Iran this month, more than $1 billion in leveraged crypto bets were wiped out in a day. Analysts have since mapped a sharp Bitcoin drop if the war reignites.

Monday’s futures open will be the first real test. A return to fighting could trigger a broad risk-off move across crypto.

A quick path back to talks could calm nerves just as fast. For now, traders are watching oil, the strait, and the next signal from Tehran or Washington.

The post Bitcoin and Oil Markets Brace for Possible Black Monday After US-Iran Talks Fracture in Switzerland appeared first on BeInCrypto.

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Charles Hoskinson is making a stronger case for artificial intelligence as work on Midnight City progresses. The Cardano founder now treats agents as the backbone of how the network communicates and scales.

Below is a breakdown of his recent remarks, plus a closer look at what Midnight City is actually trying to prove.

How Hoskinson Frames AI’s Role in Cardano’s Next Phase

AI agents act autonomously, trading, posting, and coordinating without a human behind the keyboard. Hoskinson is leaning into that definition after fielding pushback over recent experiments tied to Cardano’s official channels.

The complaints centered on a synthetic influencer that surfaced on the Input Output account. Followers were not impressed.

However, Hoskinson defended the move as a transparent trial-and-error, arguing that the team is showing what these tools can do rather than hiding behind polished output.

He also pointed to OpenClaw, an open-source agent project he sees gaining traction at a remarkable speed. For Hoskinson, that growth is a signal. The future of crypto communication will not be carried by a handful of community managers tweeting in real time.

“We’re going to need agents and AI to be able to organize and sort all that out and broadcast on a regular basis what’s going on in Midnight City,” Hoskinson said. As a result, AI is now treated as core infrastructure for the entire Cardano ecosystem.

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His reasoning is structural. A blockchain community that grows from thousands to millions cannot be supported by linear hiring. As a result, automation has to take over the routine layer of reporting, moderation, and outreach across every channel that matters.

Hoskinson sketched out what comes next in stronger terms. He talked about AI chief marketing officers, broadcasting tools that feel lifelike, and a long bet on integrating every emerging standard. The shift, in his view, will redefine how protocols introduce themselves to new users.

Why Midnight City Is Becoming the Showcase for That Vision

Midnight City is a live demonstration of what Hoskinson describes. Running on the Midnight Network, it is a digital environment populated by autonomous characters that transact, talk, and behave according to the memory and personality assigned to each.

Visitors can switch the lens they look through. The default view shows only what is committed openly to the chain. An auditor’s view, by contrast, reveals selective information to anyone with the right cryptographic clearance, mirroring how compliance might work in practice.

A third layer, sometimes called God mode, lifts the curtain on each agent’s internal state. Users can see goals, memory, and history that would normally stay private. The point is to teach observers how selective disclosure actually behaves, not just describe it in a white paper.

“It’s why it’s one of our most important projects and we’re leaning into it and integrating every single AI standard,” Hoskinson said. The Cardano founder added that the team will keep experimenting with how the technology evolves across the coming quarters.

The infrastructure underneath is built for volume. Shielded transactions are first wrapped in zero-knowledge proofs. Furthermore, batches are run in Trusted Execution Environments before being anchored back to the base layer via cryptographic checks.

Hoskinson sees real growth potential beyond the demo. Agentic trading and affiliate-style relationships, he argues, could pull millions of fresh users into Midnight as the simulation evolves. That is why he describes the project as one of the most important on Cardano’s plate.

The wider context also explains the urgency. Crypto is moving on two fronts at once: privacy-preserving computation and the rise of on-chain agents that coordinate economic activity.

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The post Cardano’s Hoskinson Bets Big on AI as Midnight City Development Pushes Forward appeared first on BeInCrypto.

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TLDR:

• A ¥21.3 billion Japanese pension fund plans its first crypto allocation during fiscal year 2026.
• The fund spent nearly six years researching digital assets before approving the investment.
• Portfolio changes will reduce yen exposure while adding crypto, gold, and global currencies.
• Japanese institutions continue exploring crypto products amid evolving regulatory discussions.

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A Japanese pension fund is preparing to enter the cryptocurrency market through a dedicated portfolio allocation in fiscal year 2026. The move marks one of the first known crypto investments by a pension fund in the country. 

The decision follows several years of internal research and a broader review of diversification strategies. It also arrives as Japan’s financial sector explores new digital asset products and regulatory changes.

Japanese Pension Fund Adopts Crypto Allocation Strategy

The Nationwide Business Corporate Pension Fund plans to allocate approximately 1% of its assets to cryptocurrency next year. According to reports from Nikkei, the fund manages roughly ¥21.3 billion, equivalent to about $130 million.

The pension fund serves around 1,200 small and medium-sized businesses across Japan. Rather than purchasing individual digital assets directly, it intends to invest through a passive fund managed by a large hedge fund.

The selected investment vehicle holds multiple cryptocurrencies. The approach allows exposure to the broader crypto market rather than relying on a single asset.

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Diversification sits at the center of the strategy. Information shared by Sui Intern and details reported by Japanese media indicate the fund aims to reduce its dependence on traditional currency exposure.

JUST IN:

JAPAN’S ¥21.3 BILLION PENSION FUND IS ENTERING CRYPTO 🤯🤯🤯

The fund, which manages retirement assets for more than 1,200 companies, will begin allocating 1% capital to crypto in 2026 after years of evaluation and research.

Institutional adoption isn’t coming.

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It’s… pic.twitter.com/ZCBmZoOa0J

— Sui Intern (@suintern_) June 21, 2026

Currently, around 80% of assets are linked to the Japanese yen. Another 15% is tied to the U.S. dollar, while the remaining 5% covers other currencies.

Beginning in fiscal 2026, the fund plans to reduce yen exposure to 70%. It will also introduce allocations to developed market currencies, emerging market currencies, gold, and cryptocurrencies.

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According to fund executive director Ayumi Kiguchi, the organization views digital assets as a potential diversification tool due to their lower correlation with some traditional currency holdings.

Crypto Adoption Gains Ground Across Japan’s Financial Sector

The decision follows nearly six years of research into cryptocurrency markets. During that period, the fund monitored industry development, investor participation, and market maturity before proceeding.

Pension fund involvement in crypto remains uncommon in Japan. While some institutions have explored the sector, direct allocations have remained limited.

The fund is also studying additional crypto-related opportunities. Reports indicate it is examining arbitrage-focused investment strategies that seek to capitalize on price differences across digital assets.

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Broader industry developments are unfolding at the same time. Japanese regulators continue reviewing rules that could expand access to crypto investment products.

The Osaka Exchange is reportedly considering the introduction of Bitcoin futures contracts in 2028. Exchange officials have linked those discussions to future regulatory developments.

Major securities firms are also evaluating crypto-related offerings. Reports have named SBI Securities and Rakuten Securities among companies considering new digital asset products.

Other financial institutions, including Nomura Securities and Daiwa Securities, are also reviewing future opportunities tied to cryptocurrency markets. These developments coincide with a gradual increase in institutional participation across Japan’s digital asset sector.

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TLDR:

• Major U.S. banks are building tokenized deposit networks for interbank settlement and clearing.
• DTCC plans tokenized equity and Treasury trades before a broader platform launch in October.
• Tokenized stocks surpassed $1.5 billion in value after growing more than 3,300% since 2024.
• SEC discussions around tokenized stock rules signal growing regulatory engagement with the sector.

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Tokenization is moving deeper into mainstream finance as major banks, asset managers, and regulators advance new blockchain-based initiatives. 

Recent developments span tokenized deposits, securities settlement, stablecoin reserve funds, and tokenized equities. 

The activity comes as tokenized stocks continue to record rapid growth across digital asset markets. Together, the moves highlight how traditional financial institutions are increasing their involvement in tokenized finance.

Tokenization Expands Across Banks and Financial Infrastructure

Several of the largest U.S. banks are pushing forward with tokenized payment infrastructure. 

According to information shared by Ondo Finance, The Clearing House is developing a shared tokenized deposit network for interbank clearing and settlement.

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Another big week for tokenized finance.

Banks built deposit networks, asset managers launched reserve funds, and regulators moved closer to a framework for tokenized stocks.

Latest tokenization news ↓

1️⃣ Major U.S. banks advance tokenized deposit network

The Clearing House… pic.twitter.com/NRs9PZWxQC

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— Ondo Finance (@OndoFinance) June 21, 2026

The initiative involves major institutions including JPMorgan, Citi, Bank of America, and Wells Fargo. The proposed network aims to streamline transfers between participating banks through tokenized deposits.

Momentum is also building in securities infrastructure. The Depository Trust & Clearing Corporation, commonly known as DTCC, plans to begin limited production trades involving tokenized Russell 1000 equities, major ETFs, and U.S. Treasuries in July.

DTCC expects a broader platform launch in October. The organization stated that more than 50 firms have participated in development efforts, including BlackRock, JPMorgan, and Ondo Finance.

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Asset managers are also expanding their presence in tokenized markets. According to data highlighted by Ondo Finance, State Street launched a dedicated money market fund designed for stablecoin issuers.

The fund launched with approximately $121 million in assets under management. State Street joins BlackRock, Goldman Sachs, and BNY in offering products aimed at supporting stablecoin reserve requirements.

Tokenized Stocks Growth Draws SEC Attention

Tokenized stocks continue to emerge as one of the fastest-growing sectors in digital assets. Data from RWA.xyz shows the market exceeded $1.5 billion in value by mid-June.

The sector has expanded more than 3,300% since January 2024. That growth has pushed tokenized equities and ETFs into a more prominent position within crypto markets.

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Regulators are increasingly examining the trend. According to Reuters, the U.S. Securities and Exchange Commission is evaluating an innovation exemption that could create a modified framework for tokenized stock platforms.

The proposal faced delays after exchanges raised concerns during discussions earlier this year. Reuters reported that revisions to the framework are expected in the coming months.

At the same time, Ondo Finance continues expanding access to tokenized securities. Ondo Global Markets recently added 173 tokenized stocks and ETFs.

The expansion increased the platform’s offering to more than 430 tokenized stocks and ETFs. The assets are available across Ethereum, Solana, and BNB Chain, further broadening access to blockchain-based financial products.

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BitGo CEO Mike Belshe has rejected a viral claim that Anthropic’s Mythos model breached nearly all of the National Security Agency’s classified systems, calling the story false as it spread across X this weekend.

His pushback targets posts that recast the government shutdown of a three-day-old model as a real-world hack. The fuller record is less dramatic.

Where the Mythos NSA Breach Claim Came From

The claim originated with Senator Mark Warner, vice chair of the Senate Intelligence Committee. The Economist reported his account of what the NSA director told him.

Warner said General Joshua Rudd, who leads the NSA and US Cyber Command, described the tool in stark terms.

“This tool broke into almost all of our classified systems, not in weeks, but in hours,” the Economist wrote, citing Warner.

Warner raised the example while praising Anthropic, not condemning it. He used it to argue for faster pre-release testing of frontier models.

The detail that went missing online is simple. This was an authorized red-team test on the agency’s own networks, not an outside intrusion.

Shashank Joshi, the Economist editor who published the quote, later cautioned it should not be read literally. He said it depended on Mythos working alongside other tools in particular conditions.

The US government was already a Mythos partner. Anthropic had deployed the model to government cyber defenders through Project Glasswing since April.

Belshe and Others Question the Framing

Belshe, the co-founder and chief executive of digital-asset custodian BitGo, answered one of the threads bluntly.

“I’m calling BS on this,” he challenged.

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He was not alone. Zack Korman mocked how the claim moved from senator to journalist to social media unchecked.

Analyst Kyle Chase noted the break-in was a test. He said a separate jailbreak flagged by Amazon was the real trigger.

Anthropic’s own statement supports them. It said the flagged jailbreak simply asked the model to read a codebase and fix flaws.

The technique surfaced a few minor, already-known bugs that rival models like OpenAI’s GPT-5.5 can also find.

The company disabled both models on June 12 to meet a US export-control directive, not because of any battlefield breach. It objected to recalling a model used by hundreds of millions of people over one narrow flaw.

Whether the test justified pulling the models is still contested. AI researcher Pedro Domingos argued the export controls were responsible, given the model’s powerful hacking capabilities.

Anthropic itself calls Mythos the strongest cyber model in the world. Yet it says recalling a tool over one flaw would freeze new releases across the industry.

The company is now working to restore access, and is drafting a shared risk framework with the White House.

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