Crypto World
Bitcoin Crash Warning Emerges as Analyst Sees Bearish Cycle
TLDR
- Economist Henrik Zeberg says the current Bitcoin rally is part of a temporary B-wave bounce within a bearish cycle.
- He argues that Bitcoin may have completed a long-term fifth wave near highs above $110000.
- The analysis shows Bitcoin could rise in the short term before a deeper correction toward $41492 support.
- Bearish divergence on the RSI indicates weakening momentum despite recent price gains.
- The monthly MACD is nearing a bearish crossover similar to signals before past bear markets.
Bitcoin is showing recovery signs as it approaches $80,000, but a new warning has emerged. Economist Henrik Zeberg says the current move may precede a deeper Bitcoin crash. He believes the rally is temporary and part of a broader bearish cycle.
Bitcoin Crash Warning Linked to Elliott Wave Structure
Henrik Zeberg shared his outlook in a May 25 post on X. He described the current market move as a “B-wave” bounce. He explained that this phase often appears during broader bearish cycles. It typically creates a temporary rise before a deeper decline.
Zeberg based his analysis on Elliott Wave theory. He tracked Bitcoin’s price structure from its early market cycles. He argued that Bitcoin may have completed a long-term fifth wave. This wave likely formed near recent highs above $110,000.
According to his chart, the broader structure suggests a major top. He linked this formation to price behavior since 2012. Bitcoin price recently retraced to the 0.618 Fibonacci level near $66,426. Zeberg said this level supports a short-term rebound.
He added that the price could rise above current levels during this bounce. However, he maintained that the larger trend remains bearish. His projections showed downside targets near $41,492. He also indicated that prices could fall lower over time.
Technical Indicators Support Bitcoin Crash Outlook
Zeberg pointed to weakening momentum indicators. He said the relative strength index shows bearish divergence. This pattern occurs when prices rise but momentum weakens. It has preceded past Bitcoin market reversals.
He also highlighted the monthly MACD indicator. It is approaching a bearish crossover based on current data. Similar signals appeared before the 2018 and 2022 bear markets. These crossovers often indicate trend reversals.
Another analyst, TradingShot, shared a similar view on May 24. The analyst also cited bearish divergence on the monthly RSI. TradingShot noted that price gains were not supported by strong momentum. This pattern has historically signaled market tops.
A separate cycle-based chart added further context. It combined Bitcoin’s four-year cycles, halving events, and Fibonacci time levels. The chart suggested Bitcoin is entering a bearish phase. It pointed to a possible decline toward $50,000.
This level aligns with the weekly 350 moving average. The indicator has marked previous bear market bottoms. Bitcoin continues to trade below its recent peak above $110,000.
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Cloud mining adoption is rising in 2026 as platforms like SHRMiner, BitFuFu, IQMining, Binance Cloud Mining, and CCG Mining offer simplified crypto mining access.
Summary
- Cloud mining in 2026 lets users mine BTC, DOGE, and LTC without hardware, with SHRMiner, BitFuFu, and Binance Cloud Mining leading options.
- SHRMiner offers beginner-friendly cloud mining with auto payouts, renewable energy farms, and no hardware or technical setup required.
- Investors compare platforms by security, transparency, and contracts, with SHRMiner highlighted for ease of use and multi-crypto support.
Want to participate in Bitcoin mining in 2026 but don’t want to buy expensive mining rigs? Then, cloud mining platforms remain one of the simplest and most worry-free options.
Nowadays, more and more investors are entering the market through free cloud mining platforms, easily participating in mining mainstream cryptocurrencies such as BTC, DOGE, and LTC without needing to build their own equipment or bear high electricity and maintenance costs.
However, while there are many platforms on the market, only a few are truly worth considering. A good cloud mining platform should not only have a clear and transparent profit mechanism, but also a stable data center, an automatic payment system, and a sufficiently secure operational background.
Based on the market trends and platform characteristics in 2026, SHRMiner, BitFuFu, IQMining, Binance Cloud Mining, and CCG Mining are the five platforms that deserve close attention.
1. SHR Miner: The most noteworthy cloud mining platform in 2026
For those looking for a service that balances security, flexibility, and beginner-friendliness, SHRMiner is a very popular choice. Launched in 2018 and headquartered in the UK, SHRMiner operates over 100 large-scale renewable energy mining farms in the US, UK, Russia, Switzerland, Iceland, Virginia, Georgia, Vancouver, Canada, and other locations, utilizing renewable energy sources such as hydropower and wind power to enhance mining efficiency.
The platform supports mining mainstream cryptocurrencies such as BTC, LTC, and DOGE. Users do not need to purchase any hardware; they only need to select a suitable contract to start. Its contract coverage is extensive, with a comprehensive range of entry-level and premium packages to suit users with different budgets.
SHRMiner Core Advantages:
Register to receive a $15 bonus and free mining experience.
Zero learning curve: No technical skills, hardware, or complicated operations required — just click to start mining.
Supports daily automatic settlement, with no transaction fees or maintenance costs.
Uses advanced ASIC mining equipment, connected to green energy, improving operational efficiency.
Provides SSL encryption and DDoS protection.
Provides a real-time earnings dashboard, allowing users to track their earnings anytime, anywhere.
Supports multiple contract types including BTC, LTC, and DOGE.

SHRMiner gained popularity in 2026 primarily because it was suitable for beginners to quickly get started while also supporting more advanced users for flexible configuration. Its overall performance was well-balanced, from the initial user experience to contract scalability.
2. BitFuFu: A professional platform backed by Bitmain
BitFuFu has garnered significant market attention due to its association with Bitmain. This type of platform is particularly attractive to users who value mining rig resources and hardware expertise. BitFuFu is suitable for investors seeking a more mature mining service system.
3. IQMining: A Key Focus for Long-Term Contract Users
IQMining has been operating for several years and is characterized by offering longer-term mining contracts. For users who prioritize long-term planning over short-term volatility, IQMining is a common choice.
4. Binance Cloud Mining: Integrated trading and mining
The biggest advantage of Binance Cloud Mining lies in its ecosystem integration. Users can manage mining and asset transfers directly within their Binance accounts, eliminating the need for frequent platform switching. This is especially convenient for existing Binance investors.
5. CCG Mining: A key platform in the European market
CCG Mining offers a comprehensive range of services, including cloud mining, mining rig sales, and hosting. It enjoys considerable brand recognition in the European market and is suitable for users looking to explore diverse mining services.
Why are more and more people choosing cloud mining in 2026?
Compared to traditional mining rigs, the biggest advantages of cloud mining are:
- No need to purchase expensive equipment
- No need to bear high electricity bills
- No need for technical maintenance knowledge
- Quick start after registration
Some platforms also offer free trials and reward mechanisms. For ordinary users, this model is obviously more convenient and more suitable for low-barrier entry into the crypto market.
Conclusion: Which cloud mining platform is worth paying attention to in 2026?
From an overall user experience perspective, SHRMiner remains one of the most competitive platforms in 2026. It excels in platform transparency, mining process, settlement efficiency, and beginner-friendly features, while supporting multiple cryptocurrencies including BTC, LTC, and DOGE, making it highly versatile.
Of course, for those who prioritize exchange integration, Binance Cloud Mining will be more convenient; for those who value long-term stable contracts, IQMining and CCG Mining are also good options.
In general, when choosing the best cloud mining platform, it is recommended to focus on the platform’s background, security mechanisms, contract flexibility, and actual user experience. For users looking to start their free cloud mining journey in 2026, prioritizing a transparent, secure platform with clear settlement is a safer bet.
In short, for those who are looking for a cloud mining platform that balances transparency, flexibility, and ease of use in 2026, SHRMiner is a wise choice.
For more platform information, service details, and cloud computing solutions, visit the official platform or download the mobile application.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Crypto World
Ki Young Ju warns Saylor can’t stop Bitcoin’s biggest risk
Bitcoin fell to around $62,000 on Friday, while CryptoQuant CEO Ki Young Ju warned that Michael Saylor’s continued accumulation strategy may not be enough to address what he considers the market’s most serious threat.
Summary
- Ki Young Ju warned that Bitcoin’s biggest threat is prolonged stagnation rather than a sudden crash.
- Ju argued Strategy’s Bitcoin purchases cannot replace the need for a new market narrative.
- QCP, Peter Schiff, and Ju have all raised concerns about pressure on Strategy’s STRC structure.
In a June 19 X post, Ki Young Ju argued that Bitcoin faces a greater threat than a sudden price crash. According to the CryptoQuant CEO, a prolonged period of weak performance could gradually erode investor conviction, making it harder for the asset to attract fresh capital and maintain the narratives that have supported previous bull markets.
Discussing Strategy’s role in the market, Ju argued that buying more Bitcoin does not solve the underlying issue.
“That’s why Saylor’s real challenge is not just buying more Bitcoin. It is giving the market a new reason to believe.”
The remarks come as concerns surrounding Strategy’s financing structure continue to grow. STRC, the company’s preferred stock, recently fell to a record low near $82, placing it well below its $100 par value and raising questions about investor demand.
Strategy faces pressure if Bitcoin stagnates
While Ju said investors can tolerate sharp drawdowns when they expect a recovery, he argued that extended sideways trading presents a different problem. According to his analysis, a long bear market could weaken enthusiasm for Bitcoin and put additional strain on Strategy’s ability to raise capital.
Ju warned that STRC becomes most vulnerable when Bitcoin spends years moving sideways rather than experiencing a short-lived crash. As investor interest fades, he said demand for the company’s securities could decline, making fundraising more difficult.
Similar concerns have emerged elsewhere on Wall Street. Market maker QCP recently estimated that Strategy’s current liquidity position provides roughly seven and a half months of runway for dividend payments. QCP noted that the company has already repurchased nearly $1.5 billion of convertible notes due in 2029 while raising about $200 million through MSTR stock sales.
In QCP’s assessment, selling Bitcoin could become one option if Strategy seeks to preserve dividend payments while maintaining its treasury strategy.
Criticism has also come from longtime Bitcoin skeptic Peter Schiff. As previously reported by crypto.news, Schiff argued that investors who purchased STRC for income may have underestimated the risks involved. He further claimed that future fundraising could become more expensive if new investors demand higher yields to compensate for the stock’s decline below par value.
Bitcoin still lacks its next defining narrative
Looking beyond Strategy, Ju argued that Bitcoin needs a new story capable of attracting the next wave of capital.
Reflecting on previous market cycles, he noted that major milestones once viewed as distant possibilities have already happened. Ju pointed to the approval of spot Bitcoin exchange-traded funds and growing political support for Bitcoin in the U.S. as examples of narratives that have already played out.
“When I founded CryptoQuant in 2018, I strongly believed a Bitcoin ETF would eventually be approved,” Ju wrote, adding that he also expected a future U.S. president to openly support Bitcoin as a strategic reserve asset.
With those developments now in place, Ju questioned what catalyst could unite investors during the next phase of adoption. Although Michael Saylor has promoted concepts such as Bitcoin banking and digital credit, Ju expressed uncertainty about whether those ideas would resonate with everyday investors.
His warning arrives as financial conditions remain restrictive. Earlier this week, Federal Reserve Chair Kevin Warsh led a unanimous vote to keep interest rates steady at 3.50% to 3.75%, while policymakers indicated inflation remains above target.
Higher borrowing costs have continued to weigh on risk assets, adding another challenge for Bitcoin at a time when investors are already searching for a new source of conviction.
Even so, Saylor remains firmly optimistic. Speaking at BTC Prague 2026, the Strategy executive chairman predicted Bitcoin could eventually reach $7 million per coin and argued that the network’s value could one day grow to $100 trillion, underscoring the gap between his long-term outlook and the concerns now being raised by market critics.
Crypto World
XRP Price Under Pressure: 30M XRP Whale Sale Pushes Token Down 4%
XRP price is down by 4% over the past 24 hours, after an on-chain data confirmed a coordinated wave of whale distribution that erased a multi-day rally in under 72 hours. The token briefly touched $1.29 before sellers stepped in hard, and large-wallet behavior is now the dominant price driver.
According to data, wallets holding at least 1 million XRP offloaded more than 30 million tokens over five days, with Santiment data showing combined large-address holdings dropping from 3.82 billion to 3.77 billion XRP.
This supply hit spot exchanges directly, absorbing the buying pressure that had built from a $1.14 base on June 14. A cascade of leveraged long liquidations in derivatives markets accelerated the drop, with new Fed Chair Kevin Warsh delivering hawkish signals that killed rate-cut expectations and hit risk assets globally.
The macro overhang is not going away fast. Can XRP’s spot ETF inflows of $5.30 million on June 16 and $2.55 million on June 18 be enough to absorb continued whale selling?
Discover: The Best Crypto to Diversify Your Portfolio
XRP Price Prediction: $1.20 or Is a Test of $1.05 Next?
XRP is currently consolidating near $1.12, having lost every support level it built during the June rally. The move from $1.14 to $1.29 and back down was a full round-trip with nothing to show for it.
Resistance is now stacked between $1.20 and $1.25, the range where profit-taking overwhelmed buying. Below the current price, the next meaningful support zone sits near $1.05, flagged by analysts as the next critical battleground.
A daily close beneath $1.10 would make that test highly likely. Momentum indicators remain bearish, with price trading below short-term moving averages and volume on down days outpacing recovery sessions.
If whale selling exhausts, and ETF inflows accelerate, XRP could reclaim $1.20 within the week and sets up a retest of highs. The ETF inflow data offers a genuine counterpoint for bear
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Maxi Doge Presale Draws Rotation Capital as XRP Stalls at Key Levels
When a mid-cap like XRP gives back a full rally in three days with no structural damage repaired, active traders start scanning for asymmetric setups elsewhere. That rotation is real, and it tends to favor early-stage projects where the entry price hasn’t already been through a 4% haircut before the week ends.
Maxi Doge ($MAXI) is pulling that attention in the meme token segment. Built on Ethereum, the project frames itself around high-conviction trading culture, 1000x leverage mentality, holder-only trading competitions with leaderboard rewards, and a Maxi Fund treasury designed for liquidity management and partnerships.
The presale has raised $4.8 million at a current token price of $0.0002824, with dynamic staking APY available to participants. The community competition structure differentiates it from pure meme plays with no retention mechanism.
Traders considering a position should research Maxi Doge.
The post XRP Price Under Pressure: 30M XRP Whale Sale Pushes Token Down 4% appeared first on Cryptonews.
Crypto World
Crypto Price Analysis June 19: ETH, XRP, ADA, BNB, and HYPE
This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.
Ethereum (ETH)
This week, Ethereum is up 2%, but that is hardly relevant given that the price has failed to reclaim the $1,800 resistance. Sellers returned there to keep the price locked in under this key level.
With the uptrend halted, this cryptocurrency is forced to range between support at $1,500 and resistance at $1,800.
Looking ahead, because sellers appear to control price action, they’re likely to make another attempt to break the key support. If ETH shows weakness and loses $1,500, then new yearly lows will materialize with key targets at $1,400 and $1,100.

Ripple (XRP)
XRP closed the week in red with a modest 1% loss. While that is not much, the more concerning aspect is that the price was rejected at the $1.3 resistance, and since then it’s only been down.
If nothing changes, then this cryptocurrency is on a clear path to revisit the support at $1 where buyers showed up a few weeks ago. The question is if they will return there again or shy away.
Looking ahead, the XRP chart shows weakness with buyers absent. This has encouraged sellers to step up, and they are dominating right now. This could change once the price hits $1, but this is still uncertain now.

Cardano (ADA)
Cardano fell by 4% this week, and after losing support at $0.24, its market cap dropped significantly. This caused it to lose several places on the list of the biggest coins by market cap, where it now ranks 16th, behind the likes of Stellar and Monero.
The price found short-term relief at the $0.15 support, but this appears to have ended as of this post. Now, sellers are back, and they may soon test this key support again with the aim of breaking it and pushing ADA even lower.
Looking ahead, if bears are successful in the coming days, the price could quickly fall again to hit new lows around $0.10, where the next major support level is located. This would be quite unfortunate and prolong the existing downtrend that started in 2025.

Binance Coin (BNB)
After a long battle and consolidation, it appears BNB is finally falling below its support at $580. Because of this, it also closes the week 5% lower. If nothing changes and buyers don’t return, then $580 will turn into resistance, with lower lows likely.
The next key support is found at $500, and this level is likely to be tested if this bearish momentum persists. Since sellers appear to be dominating across the market, a reversal here appears unlikely.
Looking ahead, Binance Coin’s pause between $580 and $690 is about to end. This flat consolidation lasted for six months and a breakdown is a significant bearish signal. Expect new lows this year if bulls cannot regain control.

Hype (HYPE)
Surprisingly, HYPE closed the week 16% higher after a strong performance by buyers, briefly pushing it to $76. However, since then, the price entered a pullback which could see it return to the support at $63.
While the overall momentum remains bullish, the current price pattern may indicate a double top around $76. To confirm this, the price will need to make a lower low under $52 later on.
Looking ahead, buyers and sellers are actively competing to control the price. Right now, the ball is changing hands every few days. While buyers still appear to have the advantage, this remains fragile at the time of this post.

The post Crypto Price Analysis June 19: ETH, XRP, ADA, BNB, and HYPE appeared first on CryptoPotato.
Crypto World
Ripple Swell 2026 Sparks Holder Backlash Over RLUSD Priority
The XRP community’s reaction to the Ripple Swell 2026 announcement was immediate and hostile. Retail holders flooded the @RippleSwell reply thread within hours of the announcement. The consistent theme was not excitement about 1,500 attendees or a merged XRPL Apex agenda; it was anger that Ripple’s flagship institutional event appears to be building a case for RLUSD while XRP falls.
The frustration has a specific target as Ripple’s USD-pegged stablecoin is taking up conference oxygen that long-term holders believe should belong to XRP. Community members used language that ranged from sharp to outright furious. The community is even calling Ripple’s leadership out by name, including CEO Brad Garlinghouse.
The underlying accusation is not subtle. Ripple is constructing a regulated institutional business around RLUSD while XRP’s price stagnates and holders are disappointed.
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Swell 2026 Scope: What’s Ripple Actually Doing
Swell 2026 is scheduled for October 27–29 at The Shed in Hudson Yards, New York City, and represents the first time Ripple is folding its developer-focused XRPL Apex summit into the main Swell conference. The combined event is targeting 1,500-plus attendees, 75-plus speakers, and 50-plus sessions across three programmatic stages covering finance, blockchain infrastructure, and digital assets.
Ripple’s stated agenda themes include payments, tokenization, decentralized finance, AI applications, interoperability, and stablecoins. RLUSD’s role in enterprise treasury management and cross-border settlement is a prominent feature of the institutional track.
The XRP Ledger’s milestone of surpassing 4 billion completed transactions is being cited by Garlinghouse as evidence that the network has matured enough for the institutional audience Ripple is targeting.
Garlinghouse framed the moment with deliberate confidence:
“I’ve been in crypto long enough to know when a moment is real”
The statement positions Swell 2026 as a threshold event for institutional crypto adoption, which is accurate as a description of Ripple’s ambition, but says nothing specific about what that adoption means for XRP price or holder value.
Discover: The Best Crypto to Diversify Your Portfolio
XRP Holders Are Not Hiding Their Frustration
The community sentiment is not a fringe reaction. Retail XRP holders expressed a clear and recurring grievance. Ripple is allocating conference prominence to RLUSD and institutional partnerships while XRP’s price continues to underperform relative to the company’s corporate milestones.
The tone in several replies was openly hostile toward Garlinghouse and the Ripple leadership team, with holders describing themselves as investors who have been systematically sidelined.
The token burn argument has re-emerged as a focal point. A portion of the XRP community is pushing for supply reduction as a mechanism to create direct price pressure, a demand that Ripple has consistently declined to act on.
That refusal, combined with a conference agenda that leads with stablecoins and tokenization rather than XRP utility, is being read by holders as a signal about where Ripple’s actual priorities sit.
Community sentiment of this intensity is a legitimate market signal. When the XRP community, historically one of the most vocal and coordinated retail bases in crypto, publicly turns on a Ripple event, it registers in social volume metrics that can suppress short-term buying pressure and amplify sell-side momentum.
Discover: The Best Token Presales
The post Ripple Swell 2026 Sparks Holder Backlash Over RLUSD Priority appeared first on Cryptonews.
Crypto World
Bitcoin Surfs Hawkish Fed, New Iran Cues With Price tapping $63,000
Bitcoin (BTC) rose above $63,000 on Friday as markets adjusted to geopolitical and macro changes.
Key points:
- Bitcoin takes a time-out near week-to-date lows after a broadly hawkish Fed interest-rate meeting.
- US-Iran tensions slowly resurface with the Strait of Hormuz oil route in the firing line.
- A trader suggests that a “black swan” event could still come in this Bitcoin bear market.
BTC price lack upside momentum after hawkish Fed cues
Data from TradingView showed BTC/USD locked in a tight trading range on low time frames after dropping to eight-day lows.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView
Weakness had entered after the US Federal Reserve’s latest interest-rate decision, which sparked a broader risk-asset comedown.
Wednesday’s meeting on the Federal Open Market Committee (FOMC) was the first for new Fed chair, Kevin Warsh, who avoided giving traders dovish signals on future policy.
“Inflation remains elevated relative to the Committee’s 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy,” he said in a statement after a unanimous board decision to keep rates at current levels.
“The Committee will deliver price stability.”
Warsh’s tone was unusual, as expectations had seen him being accommodating to US President Donald Trump’s insistence on rate cuts. He also cut the FOMC statement length considerably, using drier language than former chair, Jerome Powell.
“We will have far less information going forward,” trading resource The Kobeissi Letter reacted in a post on X, noting that Warsh had also “dropped” its forward guidance.
“He even hinted that the ‘dot plot’ could be changed or eliminated along with all forms of Fed communication, such as the policy statement and press conferences. In other words, the market will now have less Fed outlook which means more uncertainty.”

Fed target rate probabilities for July 29 FOMC meeting (screenshot). Source: CME Group
The latest data from CME Group’s FedWatch Tool showed markets pricing in a near 40% chance of a rate hike at the next FOMC meeting in late July.
Bitcoin “black swan” back on the radar
With US markets closed for the Juneteenth holiday, meanwhile, Bitcoin and crypto were alone in digesting the latest developments in the US-Iran war.
Related: Bitcoin tipped for Q3 ‘macro bottom’ near $50K as major liquidity grab looms
Despite signing a memorandum of understanding (MoU), the two sides appeared far from aligned on the future road map, with Iran once more eyeing the newly reopened Strait of Hormuz oil route.
Citing Bloomberg, Kobeissi reported that traffic “cannot cross the Strait of Hormuz without its permission.”
“The MoU signed with the US only says that transit through the Strait of Hormuz would be free for the duration of its 60 day term,” it explained on Friday.
“It appears Iran is preparing for long-term control of Hormuz.”

CFDs on WTI crude oil one-day chart. Source: Cointelegraph/TradingView
WTI crude oil continued to circle $75 per barrel on the day after hitting its lowest levels since early March.
Amid the lull in risk-asset volatility, trader and analyst Rekt Capital hinted that Bitcoin bulls’ true test is yet to come.
“There tends to be a Black Swan event in the second half of Bitcoin Bear Markets. Lesson there,” he told X followers.
Crypto World
Ripple’s ‘pro-privacy’ Larsen on surveillance mogul Thiel’s Dialog list
Chris Larsen, the Ripple co-founder and apparent privacy champion who wired San Francisco with thousands of police cameras, has appeared on a leaked guest list for Dialog, surveillance mogul Peter Thiel’s invitation-only network.
Investigative journalist Dave Troy published previously unreported names yesterday.
He tagged Larsen as both a participant and a founding fellow of the organization, which has been described as “Bilderberg (an off-the-record gathering of political and business elite) meets Silicon Valley salon.”
Dialog, meanwhile, positions itself as a hush-hush place where leaders from various fields and ideological backgrounds can come together and build relationships.
As part of this, it runs annual in-person retreats featuring highly secretive sessions, which have included “Money (Does?) Buy Happiness,” “Bring Back Nuclear,” “Navigating WWIII,” and “How’s Your Sex Life?”
Larsen, who branded himself a privacy champion, co-founded the coalition Californians for Privacy Now, served on the board of the Electronic Privacy Information Center, and made his fortune from the cryptographically secure XRP Ledger, now appears on a roster at the highest echelons of the surveillance state.
His name wasn’t generally associated with surveillance until his police camera initiative, the Real-Time Investigation Center that operated out of the same building as Ripple’s former headquarters in San Francisco.
In stark contrast, Thiel is one of the most recognizable leaders in the surveillance state.
He co-founded the citizen monitoring giant Palantir and invested in face-scanner Clearview AI, license plate reader Flock Safety, and movement monitor SafeGraph.
Chris Larsen, the privacy advocate who surveilled a city
Larsen tried to make a name for himself as a consumer advocate. In addition to the two privacy-focused organizations listed above, he co-founded E-Loan, the first company to advocate for consumer access to FICO credit scores.
He then built the democratized lending marketplace Prosper, before co-founding Ripple.
Bloomberg estimates his net worth above $12 billion, most of it tied to Ripple stock and XRP tokens.
His privacy branding has aged somewhat poorly, however. He now appears on a list of Dialog participants, founded in 2006 by Thiel and data broker Auren Hoffman whose movement monitoring company SafeGraph tracks phone location data.
The Dialog roster only became public this week. Swiss hacktivist Maia Arson Crimew found an internal directory inside the group’s website code. Wired verified the leak.
The new records have exposed an upcoming 222-person retreat near Dublin, originally scheduled for August. Internal documents describe over 1,000 paying members to Dialog overall, and Wired reported that leaders might grade attendees on a hidden scale by wealth and fame.
Of course, if anyone were curious about Larsen’s ties to the surveillance state, Thiel’s relationship with Ripple actually predates Larsen’s participation in Dialog.
Indeed, Thiel’s Founders Fund was an early investor in OpenCoin, the startup that became Larsen’s Ripple. Therefore, it was public knowledge that surveillance leader Thiel and Larsen were on the same cap table long before this week’s Dialog leak.
Peter Thiel’s secret society or just a ‘convening’?
There’s disagreement about whether Dialog is a particularly secret society.
Troy, who revealed the names, cautioned that Dialog is “more of a convening than secret society,” and noted that many participants claimed to have never met Thiel.
Moreover, the leaked file “looks like a list of attendees for the upcoming [meeting] and not ‘members’ per se,” he clarified.
As an additional indication that Dialog isn’t particularly secretive, another member of Ripple’s leadership has publicly acknowledged it.
Specifically, Brad Garlinghouse said in 2021, “You know, I attended a conference hosted by a gentleman named Auren Hoffman and Peter Thiel called Dialog.”
Elsewhere in that interview, Garlinghouse admitted that Dialog was his first exposure to the Bitcoin network.
Read more: Ripple’s Chris Larsen to fund police surveillance, drones in San Francisco
Larsen once personally bankrolled the largest private surveillance buildout in San Francisco’s history.
New York Magazine counted roughly 2,700 cameras, 93 police drones, and a $9.4 million Real-Time Investigation Center that shared a location with Ripple’s former headquarters.
At the time, Larsen insisted that the system was tightly restricted. “The police can’t monitor it live,” he told ABC7 in 2020. “That’s actually against the law in San Francisco.”
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Crypto World
Binance’s Greek MiCA Bid Draws Questions About ECB Influence
Binance’s faltering European Union Markets in Crypto-Assets Regulation (MiCA) license application in Greece has raised questions about whether the bloc’s central bank may have played an informal role in the process, despite not having formal authority over licensing decisions.
Even though MiCA assigns approval of crypto-asset service provider (CASP) licenses to national competent authorities (NCAs), lawyers told Cointelegraph that its wording does not prevent other EU institutions, including the European Central Bank (ECB), from communicating with those regulators during the review process.
“Nothing in the MiCA framework would prevent a third party like the ECB from offering its opinion to that national authority on Binance’s application,” David Lesperance, founder at Lesperance & Associates, told Cointelegraph.
The Big Whale reported on Wednesday, citing unnamed sources, that ECB President Christine Lagarde had signaled to Greek Prime Minister Kyriakos Mitsotakis that Binance was not welcome in Europe. The report followed a Reuters story on Tuesday that Greece’s market regulator was set to reject Binance’s MiCA application.
The reports surfaced less than two weeks before the end of MiCA’s transitional period on July 1, a deadline that will determine which crypto firms can continue operating across the EU under its licensing regime.
Who actually decides under MiCA?
Under MiCA, CASP licenses are granted by national regulators, not by EU-level institutions like the ECB. In Binance’s case in Greece, that authority sits with the Hellenic Capital Market Commission (HCMC). The exchange said in January that it had applied for a MiCA license in Greece.
“Our understanding is that the HCMC completed its review of the application and considered it compliant with MiCA requirements. Our understanding is also that the application was subject to review at the European Securities and Markets Authority (ESMA) level,” Binance wrote in a blog post following the Reuters report.
A Binance spokesperson told Cointelegraph that the company believed ESMA intended to advance the application and authorize it at an upcoming board meeting. The company did not respond to an additional request for clarification. The ESMA does not itself authorize CASP licenses under MiCA.
Yuriy Brisov, a lawyer at Digital & Analogue Partners, said the HCMC hasn’t published a decision on Binance’s application.
Related: BitGo courts crypto firms awaiting MiCA approval amid Binance licensing concerns
Brisov said MiCA “contains nothing that stops the ECB from talking to, advising, or sharing concerns” with a national regulator. However, he noted that ECB involvement is explicitly defined only in certain parts of MiCA, particularly rules governing stablecoin issuers, not CASP licenses such as exchanges like Binance.

Source: EUR-Lex
“That’s a concern that MiCA parks in the stablecoin chapter, not in the exchange-license one,” Brisov added.
Stablecoins raise the political stakes
The ECB has consistently voiced concerns about privately issued stablecoins, favoring tokenized financial infrastructure anchored by central bank money instead. According to The Big Whale, Lagarde’s reported intervention was tied to stablecoins.
Lagarde has argued that Europe should prioritize regulated settlement systems rather than rely on private stablecoins, while ECB Executive Board member Isabel Schnabel has warned that stablecoins could even reinforce US dollar dominance.
At the same time, market data underscores Binance’s position as the world’s largest stablecoin exchange and the dominant hub for stablecoin liquidity.

Source: Binance
According to CryptoQuant data reported in February, Binance held approximately $47.5 billion in USDT and USDC combined, representing about 65% of total stablecoin reserves across centralized exchanges. That figure was up from roughly $35.9 billion a year earlier.
Related: AllUnity debuts SEKAU, a fully reserved Swedish krona stablecoin
The Big Whale also reported that France could be Binance’s remaining route, though no formal French application had been filed.
ESMA and HCMC did not immediately respond to Cointelegraph’s requests for comment. The ECB and French regulator Autorité des marchés financiers (AMF) declined to comment.
Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight
Crypto World
Where Could BTC Bottom After Breaking Below Key Ascending Channel? (Bitcoin Price Analysis)
Bitcoin is still under heavy selling pressure after breaking below a significant rising channel that had been guiding the price action since February, and there seems to be little stopping the asset from dropping lower.
The latest rejection from a short-term resistance has accelerated downside momentum once again and is pushing BTC back toward the key demand zone around $60K. Meanwhile, on-chain data suggest that long-term holders are realizing losses, reflecting a notable shift in market dynamics.
Bitcoin Price Analysis: The Daily Chart
On the daily timeframe, Bitcoin has decisively broken below the large ascending channel that contained the price action for nearly four months. The breakdown occurred after BTC failed to reclaim the confluence of the 200-day moving average and the $80k zone and was rejected decisively to the downside.
The 100-day moving average located near the $72k area has now formed a key resistance zone. The market attempted to retest it following the initial breakdown, but sellers quickly regained control and triggered another leg lower before the market even reached the area, as the price failed to break back above the $67k short-term supply zone. The rejection confirms that bears remain in control of the broader trend for now.
The asset is currently trading around $63k and is hovering just above a major support area at $60k. This key demand zone marks the most important level on the chart, as it previously acted as a launchpad for the February recovery following the sharp capitulation move.
As long as BTC remains below the broken channel and beneath the moving averages, rallies are likely to be viewed as corrective. Moreover, should the $60k support region fail to hold, the next significant downside target appears to be the large demand area around $50k-$52k. Conversely, reclaiming the $72k resistance zone would be required to invalidate the current bearish outlook and potentially reopen the path toward the $80k region.
BTC/USDT 4-Hour Chart
The 4-hour timeframe provides a clearer view of the recent breakdown. Following the breakdown from the $72k-$74k block, BTC experienced an aggressive sell-off that drove the price into the $60k support zone. The subsequent rebound formed a short-term rising channel, which is often considered a bearish continuation pattern when it develops after a strong decline.
The price has recently broken below the lower boundary of the channel, confirming the bearish pattern and increasing the probability of another test of the $60k-$61k support area. The failed breakout attempt at $67k highlights the lack of bullish conviction. In addition, the RSI has rolled over from near-overbought conditions and is now trending lower near the oversold region, suggesting weakening short-term momentum.
If sellers maintain control, the immediate focus remains on the $60k support zone. A decisive breakdown could trigger another wave of liquidations and accelerate the move toward higher time-frame liquidity pockets beneath the recent lows.
On the upside, BTC would need to recover the $67k resistance region before any meaningful bullish scenario can be considered. Above that, the next major barrier remains the $72k zone, which aligns with the broken daily support and moving-average cluster.
On-Chain Analysis
The Long-Term Holder SOPR (Spent Output Profit Ratio) continues to trend sharply lower and is now below the critical 1.0 threshold. This metric measures whether long-term holders are spending coins at a profit or a loss. Values above 1 indicate profitable spending, while readings near or below 1 suggest holders are either realizing minimal profits or refusing to distribute their coins.
The persistent decline in the 30-day EMA of the Long-Term Holder SOPR reflects a substantial reduction in profit-taking activity among experienced market participants. Historically, such conditions often emerge during prolonged corrections, as investors become less willing to sell after a significant drawdown.
The metric has recently reached capitulation territory, and its continued deterioration confirms the weakening market environment visible on the price charts. If SOPR remains below 1, it would signal that long-term holders are consistently realizing losses, which is a condition that has historically coincided with late-stage correction phases and important market inflection points.
For now, the combination of bearish market structure, resistance rejection, and weakening long-term holder profitability suggests that Bitcoin remains vulnerable to further downside pressure unless buyers can reclaim the $72k region and re-establish control of the broader trend.
The post Where Could BTC Bottom After Breaking Below Key Ascending Channel? (Bitcoin Price Analysis) appeared first on CryptoPotato.
Crypto World
Microsoft (MSFT) and Amazon Face EU Digital Markets Act Scrutiny Over Cloud Dominance
Key Takeaways
- The European Commission may reveal next week that Microsoft Azure and Amazon Web Services meet the threshold for Digital Markets Act regulation.
- A conclusive determination is anticipated by the close of 2025, although the schedule remains flexible.
- Upon formal classification, both platforms must comply with requirements regarding interoperability, preventing vendor lock-in, and eliminating preferential treatment of proprietary services.
- This investigation stems from a November 2024 EU declaration recognizing both corporations maintain “exceptionally dominant market positions” in cloud infrastructure.
- Multiple significant service disruptions affecting AWS and Azure have intensified regulatory focus on the sector.
The European Union is advancing toward subjecting Microsoft’s Azure and Amazon Web Services to regulatory oversight through its Digital Markets Act legislation. Bloomberg reports the European Commission may unveil its initial assessment within the coming week.
The DMA framework specifically addresses major digital platforms that possess what European authorities characterize as “gatekeeper” market influence. Should Azure and AWS receive official gatekeeper status, they’ll be obligated to adhere to regulations crafted to ensure competitive fairness.
Implications of Gatekeeper Classification
Once designated under the DMA, both cloud platforms must satisfy interoperability standards. Additionally, they’ll encounter limitations designed to eliminate practices that trap customers within their ecosystems and prohibit giving preferential treatment to their own offerings over competitor alternatives.
Regulators expect to finalize their determination before 2025 concludes. Nevertheless, individuals with knowledge of the proceedings indicate the timeline remains subject to adjustment.
The examination began in November 2024 following the European Commission’s acknowledgment that Microsoft and Amazon maintain exceptionally strong market positions within cloud computing. This declaration initiated the official investigation process.
European lawmakers established the DMA to combat monopolistic practices among dominant technology companies operating across the continent. The legislation has previously been enforced against corporations including Apple and Google in different technology sectors.
Service Disruptions Intensify Regulatory Pressure
Regulatory attention on these cloud infrastructure leaders has intensified following several prominent service failures. AWS experienced an extended outage lasting approximately 15 hours that affected major clients including Apple, McDonald’s, and Epic Games. A distinct Azure disruption in October disabled Alaska Airlines’ passenger check-in infrastructure and interrupted legislative operations at the Scottish Parliament.
These technical failures highlighted the extent to which modern digital commerce relies upon a concentrated group of cloud service providers.
Both Microsoft and Amazon declined to provide statements when contacted for this report.
The Commission has yet to release its official assessment publicly. Should the initial conclusions remain unchanged, both organizations will receive an opportunity to submit responses prior to any binding determination.
Cloud computing infrastructure has emerged as a priority surveillance area for EU regulatory bodies, reflecting the sector’s rapid expansion and the extensive number of enterprises dependent upon these platforms.
This probe represents one component of the EU’s comprehensive effort to enforce competition standards across the largest operators in digital infrastructure services.
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