Crypto World
Bitcoin in Danger: Here’s Why BTC May Dump in the Short Term
The primary cryptocurrency has staged a clear rebound from its multi-year low below $60,000 and is currently hovering around $65,000.
However, a number of analysts believe the cycle bottom has yet to be reached, projecting a plunge under $50,000.
Red Days Ahead?
Later today (June 17), the Federal Reserve will announce its decision regarding the interest rates in the United States. Given elevated inflation, it would be surprising if the central bank lowered the benchmark, as most expect the current 3.5%-3.75% range to remain unchanged.
Some analysts, though, have identified a consistent pattern in Bitcoin’s (BTC) reaction whenever the Fed releases its interest rate decision. The popular X user Ash Crypto told their over two million followers that the asset’s price has headed south after each FOMC meeting since July 2025. The biggest slump occurred in January this year when BTC lost more than 33% of its valuation. We have yet to see whether today’s disclosure will finally break the negative streak (at least for the bulls).
Other market observers who also made pessimistic predictions include X users bee and Crypto Lens. The former claimed that BTC is “on the verge of the final flush,” expecting a drop to $51,000-$52,000.
“After that, I expect a rebound to the 55k zone and a few weeks of sideways movement, with the potential for a break below 50k,” they added.
For their part, Crypto Lens envisioned a bearish rejection toward roughly $48,000 in the coming days, followed by a crash to $43,000 by August this year.
The Bullish Case
Despite pessimism from some analysts, certain indicators suggest BTC may be gearing up for a rally. The amount of coins stored on crypto exchanges, for example, recently dropped to a six-year low of around 2.56 million. This means that many investors continue to abandon centralized platforms in favor of self-custody solutions, thereby reducing selling pressure.
The whales’ actions are the next positive factor. Ali Martinez revealed that this cohort of investors has purchased more than 30,000 BTC (worth more than $1.9 billion) over the past seven days and now controls 4.27 million coins.
Such developments signal that whales are positioning for the next upward move, with some believing they might be acting on inside information that retail investors don’t have. In any case, their buying spree is closely monitored by smaller players who could mimic the move and distribute fresh capital into the ecosystem.
The post Bitcoin in Danger: Here’s Why BTC May Dump in the Short Term appeared first on CryptoPotato.
Citadel Securities has warned that the Federal Reserve may need to resume monetary tightening later this year as inflation pressures remain elevated across the U.S. economy. The firm’s latest outlook suggests that Fed rate hikes could begin as early as September 2026 if inflation continues to exceed policymakers’ targets.
The forecast comes ahead of the Federal Open Market Committee meeting on June 17. Market participants widely expect officials to leave interest rates unchanged. However, Citadel believes investors should focus on future policy signals rather than the immediate decision.
Source: FedWatch
Persistent Inflation Raises Policy Concerns
Citadel’s Head of Macro Strategy, Frank Flight, stated that inflation risks continue to build despite lower energy prices. According to the firm’s analysis, inflation has spread into broader sectors of the economy rather than remaining concentrated in commodities.
Flight wrote that the economy faces the risk of entering a “hysteretic equilibrium,” where temporary shocks create lasting inflationary effects. Citadel identified strong labor markets, accommodative financial conditions, and supply-chain disruptions as major factors supporting price growth.
Recent economic indicators support those concerns. Headline Consumer Price Index inflation reached 4.2% in May, while Producer Price Index inflation climbed to 6.5%. Citadel also noted that a larger share of core CPI components now records annual increases above 3%, suggesting inflation remains widespread.
AI Investment Boom Adds New Demand Pressure
Citadel also highlighted the growing impact of artificial intelligence spending on the economy. The firm estimates AI-related capital expenditures could reach approximately $750 billion in 2026 before rising to $1.25 trillion in 2027.
Large investments by companies such as OpenAI, Anthropic, and SpaceX continue to increase demand for infrastructure, computing resources, and skilled labor. As a result, AI development may contribute additional inflationary pressure during the coming years.
Against this backdrop, Citadel expects Federal Reserve officials to maintain a hawkish stance. Flight stated, “We think the risks skew to a rate hike at the September meeting.” The firm also expects policymakers to remove any remaining easing bias from future projections.
Markets Increase Bets On Fed Rate Hikes
Citadel’s forecast aligns with shifting market expectations. Kalshi prediction market data currently assigns a 60% probability that the Federal Reserve will raise interest rates before July 2027. Expectations for tightening have increased steadily in recent months.
Source: Kalshi
Meanwhile, a recent Bank of America fund manager survey found that nearly 40% of respondents expect at least one rate increase within the next year. That figure stood at just 16% one month earlier.
BNP Paribas has also revised its outlook. The bank now expects three Fed rate hikes beginning in December, citing persistent inflation and continued labor market strength.
Citadel projects potential rate increases in September and December 2026, followed by another move in March 2027. The firm warned that higher borrowing costs and tighter liquidity conditions could create challenges for risk assets, including Bitcoin and the broader cryptocurrency market, if investors increasingly price in future Fed rate hikes.
Congressional negotiators have folded a statutory ban on a Federal Reserve central bank digital currency into a bipartisan housing package, blocking any Fed-issued retail digital dollar until December 31, 2030. The text is the most durable legislative CBDC prohibition yet assembled in Washington…. Read the full story at The Defiant
HYPE – the native token of the decentralized crypto exchange Hyperliquid – has been on a tear lately, hitting a new all-time high even as most digital assets continue to struggle in the prolonged bear market.
It recently surpassed Dogecoin (DOGE) to become the 10th-biggest cryptocurrency, so we decided to ask three of the most popular AI-powered chatbots whether flipping Ripple’s XRP is also plausible sometime this year. Here are their answers.
Low Probability
Earlier this week, HYPE’s price soared to a historic peak of around $77, while its market cap pumped to approximately $16 billion. Despite the substantial increase, it remains far below XRP, whose capitalization currently stands at around $74 billion.
Given the huge gap, ChatGPT described the scenario in which HYPE surpasses its rival as a low probability. At the same time, OpenAI’s platform outlined several catalysts that could help the asset explode to such levels. Some of those include the rising popularity of Hyperliquid and its future expansion to the point where it becomes a Binance competitor, and backing from prominent industry figures.
Recall that Arthur Hayes (co-founder of BitMEX) was heavily invested in the token, yet he recently sold all his positions. Shortly after, the blockchain-tracking platform Lookonchain suggested he might have spent over $2 million to buy back nearly 34,000 HYPE. However, Hayes rejected the claim.
According to ChatGPT, another factor that may have a positive influence is the institutional interest in the coin. Data show that inflows into spot HYPE ETFs have exceeded outflows recently, with cumulative net inflows of approximately $180 million. Still, this figure is far below the $1.44 billion that exchange-traded funds with XRP as the underlying token have attracted since their launch in late 2025.
Perplexity shared a similar theory, saying that such a rise by HYPE is only possible in “a narrow sense.” It noted that, in addition to its market-cap lead, XRP has a vast and devoted community, which could make a potential flip even harder.
“In 2026, HYPE can plausibly flip XRP on price momentum, narrative strength, or even short-term market cap at times, but XRP has a much larger base to overtake, so a full sustained flip is less likely without a major rotation in capital,” it added.
‘A Massive Uphill Battle’
Google’s Gemini was even less optimistic, claiming that the biggest hurdle for HYPE isn’t its utility but pure math. It praised XRP for being “a highly liquid, large-cap legacy asset,” whose market cap hovers in the tens of billions of dollars even during market corrections, “sustained by deep institutional plumbing and international remittance use cases.”
“For HYPE to flip XRP, it would need to see an astronomical influx of capital, multi-billion-dollar daily trading volumes, and massive speculative retail FOMO – all while XRP would have to severely stagnate or decline,” it concluded.
The post Can Hyperliquid (HYPE) Flip Ripple (XRP) in 2026? 3 AIs Weigh in appeared first on CryptoPotato.
The Bitcoin price moved past the $66,000 threshold on Wednesday as US President Trump explained the Iran deal in his press address at G7 Summit.
Meanwhile, the oil price slid lower as Trump’s remarks shed more light on the US-Iran deal ahead of the formal signing in Switzerland.
Trump Addresses Iran Deal In G7 Summit Press
President Trump delivered a high-stakes update on the U.S.-Iran Memorandum of Understanding during the G7 summit press conference on June 17, 2026, driving immediate market moves across risk assets.
Trump confirmed the framework includes a ceasefire, full reopening of the Strait of Hormuz, limited sanctions relief, and Iran’s pledge against nuclear weapons.
A formal signing is expected soon in Switzerland.
“If Iran doesn’t honor the agreement, back to bombing them,” Trump stated bluntly. He added that some understandings remain unwritten and praised the impact of recent U.S. strikes: “Amazing what bombs can do.”
Follow us on X to get the latest news as it happens
President Trump also highlighted market surges tied to Iran peace signals during the G7 summit press conference.
“Every time we talked about possibility of peace, market shot up like a rocket ship,” Trump declared. “Never really went down. The stock market is more brilliant than anybody.”
He linked these rallies to the U.S.-Iran MOU, which includes a ceasefire, Strait of Hormuz reopening, and limited sanctions relief, while warning of renewed strikes if Iran fails to comply.
The “peace through strength” narrative, backed by explicit military leverage, has reduced short-term volatility premiums.
The post Trump G7 Summit Press Pumps Bitcoin as Oil Crashes appeared first on BeInCrypto.
Two US lawmakers on opposite sides of the political aisle are backing a resolution that “under no circumstances should Samuel [SBF] Bankman-Fried receive executive clemency, including a pardon or commutation.”
In a resolution to be introduced Wednesday, Republican Senator Cynthia Lummis and Democratic Senator Rubén Gallego warned that should US President Donald Trump grant SBF’s request for a pardon, it would “erase [his] conviction […] weaken deterrence, and send a deeply damaging message that perpetrators of large-scale financial fraud can escape permanent accountability.” The resolution would be non-binding, as a US president’s pardon power is enshrined in the Constitution.
“[The US Senate] affirms that the 25-year sentence imposed upon Bankman-Fried reflects the extraordinary scale and deliberateness of his crimes, his lack of remorse, and the catastrophic harm inflicted upon millions of victims, and that such a sentence serves the interests of justice,” read the resolution.
Source: Senator Rubén Gallego
The resolution came after Bankman-Fried formally applied for a pardon from Trump of his conviction on seven felony counts related to the misuse of FTX user funds. Last week, a federal appeals court upheld that conviction and sentence, leaving his only legal path forward a presidential pardon or an appeal to the US Supreme Court.
Bankman-Fried was convicted in November 2023 following the collapse of cryptocurrency exchange FTX a year earlier, which resulted in investor losses totaling billions of dollars. He was later sentenced to 25 years in prison.
Related: Onchain, in court: What happened in crypto legal news this week
Following his sentencing in March 2024, the former CEO posted several messages to social media aligning with Trump’s political agenda, including US military actions in Venezuela and Iran. However, in a January interview with the New York Times, the president said he had no plans to pardon Bankman-Fried.
Source: Sam Bankman-Fried
Cointelegraph sought comment from Gallego’s office but did not receive an immediate response. A spokesperson for Lummis said that the senator “wants him to know that her and her colleagues think Mr. Fried is right where he belongs” by introducing the resolution.
Other FTX figures still serving time
Although some of the former executives of the defunct cryptocurrency exchange were sentenced to time served in exchange for their cooperation and testimony at SBF’s trial, one is still in federal prison, and another was released earlier this year.
Caroline Ellison, the former CEO of Alameda Research, received a two-year sentence in 2024 and was given an early release in January after 14 months. FTX former engineering director Nishad Singh and co-founder Gary Wang were both sentenced to time served. All testified against SBF at trial.
Ryan Salame, the co-CEO of FTX Digital Markets, was sentenced to 90 months in prison related to unlawful political contributions and conspiracy to operate an unlicensed money-transmitting business. His wife, Michelle Bond — though not an FTX employee — was recently indicted on charges related to her 2022 run for Congress allegedly financed with illegal campaign contributions from the crypto exchange.
Magazine: The end of anon? AI could unmask crypto’s hidden identities
Crypto World
Coinbase Stakes Out Brokerage Territory With SEC-Registered AI Advisor and Stock Options Push
Coinbase used its latest "System Update" on Tuesday to push deep into territory long held by retail brokerages, rolling out an SEC-registered AI investment advisor, stock and ETF trading on its professional platform, and options markets for both equities and crypto. The bundle moves the exchange's… Read the full story at The Defiant
After generating $5.5 billion in trading volume in two weeks, Kalshi is pushing to extend its CFTC-regulated perpetual futures beyond crypto into a wider range of asset classes. Kalshi's perpetual futures business crossed $5.5 billion in trading volume in its first two weeks, according to… Read the full story at The Defiant
Grayscale Research has named five decentralized finance tokens it believes offer real value as crypto markets reward revenue and cash flow over speculation.
The asset manager flagged Hyperliquid (HYPE), Aave (AAVE), Uniswap (UNI), Sky (SKY), and Maple (MAPLE) in a research report published June 16. Each shows strong relative value based on fundamentals.
Why Grayscale Sees Value in DeFi
Crypto markets have fallen since January. Grayscale argues in its report that investors can now value many tokens like financial assets rather than commodities.
The firm sorts tokens on a spectrum. Bitcoin trades like a commodity, while protocols with recurring revenue resemble cash flow businesses.
Since 2023, DeFi protocols have generated nearly $25 billion in cumulative fees from real users. That activity has driven rising on-chain fee revenue across exchanges, lending, staking, and derivatives.
Price multiples across DeFi lending have also compressed. Grayscale reads that as maturing business models now trading at attractive valuations.
Revenue Now Drives Token Value
Protocol revenue alone does not set token value. Grayscale says burns, buybacks, rebates, and staking decide how much reaches holders.
By that test, Uniswap and Hyperliquid stand out. The report says both return almost all earnings to holders through transparent DeFi payout models.
Hyperliquid routes trading fees straight into buying and burning HYPE. That model helped lift it into the top 10 by market cap this year.
Aave sits alongside them as the largest DeFi lender, after Grayscale called the AAVE token undervalued near $75.
How the Tokens Stack Up
HYPE trades near $72, ranking as the 10th-largest crypto and well ahead of its peers over the past year.
UNI sits around $3.30 after a 9% daily gain, with its value tied to fee distributions back to holders.
SKY trades near $0.06, where Grayscale says its onchain collateral-backed stablecoin keeps finding product-market fit.
Maple rounds out the list through institutional lending, which the firm says has delivered strong risk-adjusted returns.
“…crypto is repricing from narrative → fundamentals Protocols with real revenue, disciplined capital allocation, and transparent token economics are outperforming Grayscale flags HYPE, AAVE, UNI, SKY, and MAPLE as showing strong relative value on this basis,” Grayscale stated.
Follow us on X to get the latest news as it happens
The throughline is a market repricing from narrative to fundamentals.
Grayscale says protocols that turn real revenue into token value are pulling ahead.
The post Grayscale Names 5 DeFi Altcoins With Real Utility appeared first on BeInCrypto.
Ethereum's Glamsterdam hard fork reached its final devnet stage Tuesday, locking in the EIP bundle that core developers expect to carry the network through public testnets and on to mainnet activation in the second half of 2026. The release is being framed as the largest protocol change since the… Read the full story at The Defiant
Illinois Governor JB Pritzker has signed SB 3019, the Digital Asset Privilege Tax Act, according to ChainCatcher via Bitget News, making the state the first in the country to impose a transaction-based tax on everyday digital-asset activity. The Crypto Council for Innovation, a global industry… Read the full story at The Defiant
Man found guilty of murder on Barton Walk, Farnworth
uniQure Stock Surges 76% on FDA Breakthrough for Huntington’s Gene Therapy AMT-130
Citadel Signals Fed Rate Hike Risk Rising In 2026
-
Business3 days agoNo Jackpot Winner as $257 Million Prize Rolls Over to $269 Million Monday Draw
-
Crypto World6 days agoOppenheimer backs SpaceX as $70 billion retail frenzy builds
-
Fashion5 days agoWeekend Open Thread: Tuckernuck – Corporette.com
-
Crypto World6 days agoMarkets Rally as SpaceX IPO Looms Amid Iran Tensions and Inflation Surge
-
Crypto World3 days agoZimbabwe Requires Crypto Businesses to Register Annually Under New FIU Regulations
-
Tech5 days agoNanoClaw integrates JFrog registries to secure AI agent downloads
-
Crypto World4 days agoBitget enters Argentina’s regulated crypto market through PSAV registration
-
Tech5 days agoThis Week In Security: Microsoft On Microsoft, Register Your Domains, Linux On ARM, And FreeBSD Joins The File Cache Club
-
Tech6 days agoDutton Ranch star claims they ‘didn’t see any disruption’ on set following Chad Feehan’s exit from Yellowstone spinoff fueled by Taylor Sheridan clash rumors
-
NewsBeat6 days agoEl Nino has formed in the Pacific and could set records, forecasters say
-
Politics6 days agoPolitics Home | Healey Resignation Is “Colossal Failure Of Government”, Says Former Labour Defence Secretary
-
Entertainment6 days agoDonnie Wahlberg & More Heat Up Las Vegas at Circa’s Barry’s Downtown Prime
-
Tech6 days agoOpendoor Ends India Operations, Fueling a Bigger Conversation About AI and Outsourcing
-
Politics6 days agoBelfast burns, while Met chief points finger at Iran and Russia
-
Sports6 days agoFirst Time Since 1971: Australia Register Historic Low In ODI Cricket
-
NewsBeat5 days agoFBI searches office of Ohio voter registration group
-
Business6 days agoAT&T: Verizon's 27% Outperformance Sets Up A Solid Entry Point
-
Tech6 days agoAnthropic is spending $150M to embed 1,000 AI fellows inside nonprofits. No degree required.
-
Politics6 days agoModi thanks Trump for wishes as US attacks Indian seafarers
-
Entertainment6 days ago‘The Pitt’s Fan-Favorite Doctor Confirms Noah Wyle Gave His Blessing to Return [Exclusive]
You must be logged in to post a comment Login