Ethereum has staged a notable recovery after suffering a steep decline toward the $1.5K region. While the rebound has improved short-term sentiment, the broader structure remains bearish across higher timeframes, with ETH still trading below major moving averages and a long-term descending trendline. The coming sessions will likely determine whether this move evolves into a sustainable recovery or merely a relief rally within a larger downtrend.

Ethereum Price Analysis: The Daily Chart

On the daily timeframe, ETH remains under significant technical pressure despite the recent bounce from the $1.5K support area. The price briefly swept below the major demand zone around $1.5K before attracting buyers and rebounding toward $1.7K.

The broader market structure continues to favor sellers. Ethereum is trading below both the 100-day moving average near $2.1K and the 200-day moving average around $2.4K. This indicates that the higher-timeframe trend remains firmly bearish. In addition, the long-term descending trendline extending from previous highs continues to cap upside attempts and reinforces the prevailing downtrend.

The last leg of the selloff established a clear bearish impulse, with the Fibonacci retracement levels now highlighting potential recovery targets where sellers may re-enter the market. The first notable resistance lies at the 0.5 retracement level around $1.77K, followed by the 0.618 level at $1.83K, and the 0.786 retracement near $1.92K.

These levels are expected to serve as potential rejection zones if sellers remain in control of the broader trend. Therefore, while the ongoing rebound could extend toward this resistance cluster, traders should closely monitor price action around these areas, as they may become attractive regions for renewed supply and another bearish continuation attempt.

ETH/USDT 4-Hour Chart

The lower timeframe reveals a more constructive short-term picture. After capitulating into the $1.5K low, ETH formed a strong reactionary bounce and is currently getting support from the bullish fair value gap positioned around the $1.64K  region.

This area is acting as an immediate demand zone and could provide support if a short-term pullback occurs. The recovery has also pushed RSI above the midpoint level, indicating improving momentum after the aggressive selloff.

However, the market remains below the key Fibonacci resistance cluster between $1.75K and $1.85K. This range now represents the primary liquidity zone where sellers may attempt to regain control. A continuation toward that area appears possible as long as ETH remains above the bullish fair value gap.

If buyers can maintain momentum and reclaim the $1.77K level, a larger short-squeeze toward $1.83K and $1.92K could develop. On the other hand, losing the fair value gap support around $1.64K would weaken the recovery structure and increase the probability of another test of the $1.5K low.

Sentiment Analysis

The Coinbase Premium Index provides additional insight into current market sentiment. The metric measures the price difference between Coinbase and offshore exchanges and is often used as a proxy for U.S. institutional demand.

The chart shows that the Coinbase Premium Index has spent most of the recent period in negative territory, coinciding with Ethereum’s prolonged decline from $5K toward the current cycle lows. The latest reading remains below zero at approximately -0.04, indicating that U.S. spot demand is still relatively weak.

That said, the metric has rebounded sharply from recent extreme negative readings near -0.15. Historically, such deeply negative premium levels often emerge during periods of capitulation and heavy selling pressure. The recent recovery suggests that selling intensity may be easing, even if strong accumulation has not yet returned.

For a more durable bullish reversal, the Coinbase Premium Index would ideally need to reclaim positive territory and remain consistently above zero. Until then, the data suggests that Ethereum’s current bounce is being driven more by relief from oversold conditions than by clear evidence of aggressive institutional accumulation.

The post Ethereum Price Analysis: Can ETH Maintain Its Recovery? The Next Trading Days Will Be Crucial appeared first on CryptoPotato.

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Ethereum treasury company Bitmine accumulated 126,971 ETH over the past week. According to the latest update, the firm reported total crypto, cash, and ‘moonshots’ holdings of $9.6 billion, including 5.54 million ETH priced at $1,630 per token, 204 Bitcoin, a $180 million stake in Beast Industries, an $88 million position in Eightco Holdings, and $247 million in cash.

Bitmine said its ETH stack equals 4.59% of the 120.7 million ETH supply, as the latest market downturn coincided with aggressive buying.

Bitmine Keeps Buying

Chairman Thomas ‘Tom’ Lee said the pullback did not reflect strengthening fundamentals, and instead argued that improving AI systems will increase demand for decentralized and hardened networks like Ethereum. Lee reiterated that the market is in the early stages of “crypto spring.” The announcement read,

“Bitmine is 92% of the way to the ‘Alchemy of 5%’ in just 11 months.”

Additionally, Bitmine revealed that it has staked almost 4.72 million ETH worth about $7.7 billion. This means that more than 85% of holdings are now staked, and staking yields are reported at 2.99% over seven days. Annualized staking revenues are projected at $230 million, alongside potential rewards reaching $270 million at scale.

Just last week, Bitmine filed to launch a public offering of 3 million shares of its 9.50% Series A Perpetual Preferred Stock. According to its SEC filing, the proceeds may be used for general corporate purposes, including buying additional ETH and other digital assets, expanding staking and validator infrastructure via its MAVAN platform, working capital needs, strategic investments in the Ethereum ecosystem, and possible share repurchases under its buyback program.

The preferred shares carry a 9.50% annual dividend on a $100 stated value, payable in cash when declared, while missed payouts accumulate and the effective rate can climb up to 15% over time. Bitmine has applied to list the shares on the NYSE under the ticker “BMNP.”

Strategy’s Fresh Purchase

Bitmine is still one of the few big digital asset treasury companies continuing to buy crypto, while many others have stopped accumulating and have started selling as prices fell sharply this year. The firm now holds the largest Ethereum treasury and the second-largest global treasury, behind Strategy.

Strategy recently added 1,550 BTC for a little over $100 million at an average price of $65,332, which pushed its total holdings to 845,256 BTC bought at an average cost of $75,680. The Saylor-led company also sold a small part of its BTC holdings last week for the first time since 2022.

The post Ethereum Treasury Giant Bitmine Now Holds 4.59% of Total ETH Supply appeared first on CryptoPotato.

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Strategy has approved a plan to pay STRC dividends twice a month, introducing a new payout schedule while the preferred stock continues to trade below its $100 par value.

Summary

• Strategy shareholders approved semi-monthly STRC dividend payments, with distributions scheduled on the 15th and last day of each month.
• STRC traded around $96.65, below its $100 par value, while carrying an annual dividend rate of 11.50%.
• Strategy resumed Bitcoin purchases with a $101.3 million acquisition of 1,550 BTC as debate continues over its dividend funding model.

Based on preliminary voting results from the company’s 2026 Annual Meeting of Stockholders, Strategy said shareholders approved Proposal 5, which changes STRC dividend payments from a monthly schedule to semi-monthly distributions. The proposal received support from both MSTR and STRC stockholders.

$STRC and $MSTR shareholders have approved the amendment to move $STRC dividends from monthly to semi-monthly. Under the new cadence, the first record date is June 30 and the first payment date is July 15. Thank you to every shareholder who voted.https://t.co/98lMXWW4XF

— Strategy (@Strategy) June 8, 2026

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Under the revised structure, dividend payments will be made on the 15th and the final day of each month. The first record date is scheduled for June 30, 2026, while the first payment under the new schedule will be distributed on July 15.

Commenting on the change, Strategy chief executive Phong Le said the company believes more frequent dividend payments could help improve liquidity and provide holders with faster opportunities to reinvest their returns. 

“Paying dividends on STRC twice a month is designed to stabilize price, dampen cyclicality, drive liquidity, and grow demand for STRC, while giving STRC holders faster reinvestment opportunity.”

At the time of writing, STRC was trading around $96.65, according to Yahoo Finance data, remaining below its $100 par value. The preferred stock currently carries an annual dividend rate of 11.50%.

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Strategy expands cash reserves alongside dividend changes

Alongside the dividend update, Strategy has resumed adding to its Bitcoin holdings after briefly interrupting its accumulation strategy.

As previously reported by crypto.news, the company acquired 1,550 BTC for approximately $101.3 million between June 1 and June 7, paying an average of $65,332 per coin. The purchase increased Strategy’s total Bitcoin holdings to 845,256 BTC.

Regulatory filings also showed that the company increased its U.S. dollar reserve by $100 million, bringing the total reserve to $1 billion.

The latest purchase followed Strategy’s sale of 32 BTC near the end of May for roughly $2.5 million. The transaction represented the company’s first reported Bitcoin sale since December 2022 and drew attention from investors because Strategy has long built its reputation around holding Bitcoin rather than selling it.

As reported by crypto.news earlier, JPMorgan said the sale appeared to be symbolic and voluntary, likely intended to demonstrate flexibility and commitment to preferred stockholders. Even so, the bank argued that the transaction raised questions about how future dividend obligations could be funded without relying on Bitcoin holdings.

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JPMorgan also noted that replenishing reserves could help ease concerns that additional Bitcoin sales may eventually be required to support preferred stock dividends and debt-related obligations.

Some market participants see limited pressure to sell Bitcoin

Not all market participants share JPMorgan’s concerns. BTCTOP CEO Jiang Zhuoer argued that major Bitcoin sales would undermine Strategy’s identity as a long-term holder and could cause more damage than maintaining exposure during downturns.

Jiang added that even if Bitcoin fell to $30,000, Strategy’s leverage ratio would remain manageable at around 10%. He also said the company could sell older, lower-cost Bitcoin to cover STRC obligations while using proceeds from new issuances to continue buying Bitcoin.

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Spanish football club Osasuna attempted to hedge the impact of its relegation from the country’s top football league by buying a €1.2 million ($1.4 million) insurance policy involving a bet on the prediction market Kalshi.

The club revealed today that it purchased “insurance” from broker Howden, which would’ve guaranteed it €6 million ($6.9 million) in the event of relegation from La Liga and helped cover any subsequent financial losses. 

It said, “Documents issued by Howden and LaLiga… confirm that such policies are routinely used by clubs and sports organizations to protect against financial contingencies related to their activity.”

This comes four days after Semafor reported that an unnamed Spanish football club placed a multi-million-dollar bet using Kalshi to hedge financial losses from relegation. 

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Osasuna lost its final game against Getafe 0-1. However, the goal difference was just enough to save the club from relegation. As a result, it lost the Kalshi bet but maintained its top-flight status.  

Read more: Polymarket exploited for $700K in private key hack

Semafor also reported that trading firm Susquehanna was on the other side of the Osasuna relegation trade, and that risk analysis firm Game Point Capital orchestrated the trade. Susquehanna reportedly made over $1 million.

The club doesn’t mention either firm in its statement and only references Howden, which also doesn’t mention Kalshi or any other trading firms in its published certificate. 

Osasuna added that, “The purchase of this policy was also reported to the chairman of the club’s Control Commission and will be included in a report that the commission plans to issue in the coming days about this and other current matters. The club’s auditors were also informed.”

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Spain temporarily bans prediction markets 

To make matters more interesting, three days after Osasuna’s game, the Spanish government temporarily banned prediction markets like Kalshi and rival Polymarket in the country for three to four months. 

Spain’s Consumer Rights Ministry reportedly claimed that the pair failed to secure a ‌gambling licence and have been operating in the country without authorisation. 

This distinction as to whether or not the pair constitute gambling has been a hotly debated topic among regulators. 

Brazil banned Kalshi and Polymarket in April for breaching betting regulations, South Korean police are investigating Polymarket users for alleged illegal gambling, and legal cases across the US continue to argue over its regulatory status. 

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Read more: Israeli soldier allegedly used military secrets to gamble on Polymarket

Some more controversial prediction market hedges involved three US congressional candidates who were fined by Kalshi and suspended for five years after they bet on their own elections. 

Earlier this month, Polymarket ended its paid partnership with Congressman George Santos after he bet, using Kalshi, on whether or not he would attend President Donald Trump’s State of the Union speech. 

Kalshi referred Santos to the Commodity Futures Trading Commission, which has since started an investigation into whether his actions constitute insider trading. 

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An editor for popular YouTuber Mr Beast was also fined by Kalshi for insider trading.

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

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Sam Altman ChatGPT AI just flagged XRP price prediction for a reclaim of the $3 to $5 range with a stretch target near $7 this cycle. The strange part is XRP is trading around $1.14 right now, so this call asks for a 3x to 6x climb from a level most holders are frustrated with.

The bull case starts with a simple flip in mindset. Back in late 2024 nobody would believe XRP holders could feel let down with price above $1, yet here we are.

Crypto has lagged the relentless run in stocks, but that mirrors past cycles where people called the space dead right before sentiment turned.

Fundamentally XRP may be in its strongest spot ever, with better regulatory clarity, rising institutional interest, expanding utility, and a far more mature market structure. If capital rotates back into crypto through 2026 and risk appetite warms up, that $3 to $5 reclaim and a push toward $7 looks realistic.

The bear case is slower grind, not collapse. If adoption keeps growing slower than people expect and capital stays parked in Bitcoin and equities, XRP could sit stuck between $1 and $2 for a long stretch.

That is the trap of a coin that is fundamentally fine but starved of fresh flows. Still, from a risk to reward angle, XRP looks much closer to the give up stage than the euphoria stage. History says that is often where the biggest moves get born.

Xrp (XRP)

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XRP Price Prediction: Frustration Above 1 Dollar Is Where The Big Trades Hide

Now the chart. XRP price is on the daily and price sits at $1.14 after a long bleed down from the $3.60 top set last July.

The structure is a clean series of lower highs and lower lows, a textbook downtrend that just printed a fresh local low near $1.05. Pattern wise this is a descending staircase, and price is trying to put in a small bounce off that low.

Key support sits right here at $1.10, with the next shelf near $1.00 and major demand back at $0.80. Resistance stacks at $1.40, then $1.60, and the heavier zone at $1.80.

RSI is reading 30.88 with its signal line at 32.19. So momentum is sitting just under the average and pressing right into oversold territory.

That tight gap of about 1.3 points shows sellers are losing steam rather than pressing hard. A curl back above 32.19 would be the first hint that the bleed is done.

Tie it together and the chart is deeply beaten down, exactly the kind of base the prediction wants. Reclaim $1.40 and the door toward $3 and beyond starts to crack open.

Here is Why ChatGPT AI Prediction For LiquidChain is Bullish

Cycles do not reward patience at resistance. They reward positioning before the move.

Bitcoin, Ethereum, and XRP are all testing the same bands they have been stuck under for weeks. The macro catalyst is always one data print away. The institutional inflows are always one quarter away. The ceiling is visible, it is not moving, and everyone sitting in large caps waiting for a breakout is waiting on a decision that belongs to someone else.

Early stage infrastructure operates in a different reality entirely. Capital that would not move Bitcoin’s price by a single percentage point can reprice a small cap project dramatically. The opportunity exists in the gap between what something is genuinely worth and what the market has assigned it so far. That gap is only available while the project remains undiscovered. Discovery closes it permanently.

Multi-chain fragmentation has been extracting value from DeFi users since the first bridge launched and nothing has fixed it. Bitcoin, Ethereum, and Solana were built as separate systems with no shared architecture and no native interoperability. Every transaction that crosses those boundaries pays for that design decision in fees, slippage, and execution failures. Bridges did not solve the problem. They monetized it.

LiquidChain removes the problem entirely. All 3 networks collapse into a single execution layer where developers deploy once and users interact across every ecosystem without absorbing a cross-chain tax on every move.

ChatGPT AI has flagged it as a project worth watching. The presale is at $0.01454 with just over $820,000 raised.

Execution risk is real. Adoption is unproven. Established assets offer a smoother ride toward a ceiling that is already fully priced. LiquidChain is a seat at a table that has not been set yet.

Explore the LiquidChain Presale

The post This ChatGPT AI XRP Price Prediction Should Not Make Sense But It Does appeared first on Cryptonews.

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DeFi Saver has officially integrated Hyperliquid, the leading perpetual futures DEX and a premier high-volume trading venue. This launch brings futures trading and DeFi lending into one unified interface, allowing users to manage their entire DeFi strategy in one place.

DeFi Saver has just integrated Hyperliquid by uniting DeFi lending and Hyperliquid perpetuals within a single, unified interface, bolstered by the signature DFS toolkit for advanced liquidation protection. 

About Hyperliquid x DeFi Saver

Hyperliquid is now accessible directly via the DeFi Saver app sidebar, providing immediate access to its comprehensive trading dashboard.

The onboarding process is entirely frictionless: simply connect your wallet to begin opening positions through the integrated perpetuals dashboard, with no account creation required. 

The integration includes the full suite of DeFi Saver’s signature management tools from day one:

• Advanced automation capabilities, including trailing open and trailing close strategies. These features enable automated entries and exits based on precise price movements.

The Notify feature will soon be enabled, offering automated Telegram alerts to keep users informed of critical updates regarding their position health.

Furthermore, DeFi Saver allows users to fund their perpetual accounts from any supported network using any token, eliminating the need for manual bridging or USDC-exclusive deposits.

Extra Incentives for Hyperliquid Perps on DeFi Saver

From June 8th, DeFi Saver users will be able to participate in the incentives campaign for perpetuals and leveraged borrowing. The competition will span two seasons, each season lasting for two weeks.

The initial prize pool is set at 50,000 USDC for the first two seasons, and the scoring will be based on a combination of volume and PnL. 

For additional information, check this post

About DeFi Saver

DeFi Saver is a trustless, non-custodial protocol aggregator that allows for efficient DeFi position management. It integrates all the major protocols, such as Aave V3 and V4, Morpho, Euler, Compound, Spark, Sky, and others, into an all-in-one intuitive UI, while offering advanced tools catering to more experienced users. Originally launched as CDP Saver in 2019, the platform has grown significantly, staying committed to user autonomy, protocol reliability, and continuous innovation.

Twitter I DFS website I Discord I Blog

The post DeFi Saver announces reward program as part of their Hyperliquid integration appeared first on BeInCrypto.

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On June 8, technical analyst ChartNerd shared an XRP cycle breakdown, making the case that the current bear market has been shallower and potentially shorter than previous ones.

Additionally, he said there’s a chance for a cycle bottom before the end of 2026 that could allow the Ripple token to eventually reach $27.

What the Historical Comparison Shows

Per ChartNerd’s analysis, past XRP bear markets have typically lasted between 400 and 790 days, with drawdowns of 85% to 90% from peak levels. The current correction, as of the post, has run for about 350 days and sits at a nearly 70% drop from the July 2025 all-time high of $3.65.

Both figures, the analyst said, are milder than any comparable historical cycle, and he argued that this pattern of lessening severity is itself meaningful.

“The territory for marking a historical bottom between now and EOY is fast approaching,” wrote ChartNerd. “These prices are where we need to start paying attention to the fact that although the chances of an immediate expansion might be low, a cycle bottom could genuinely be on the horizon.”

However, he didn’t rule out XRP being hit by more downside. The macro read is that additional pain in the coming months could still be needed to form the actual cycle low, which would then be followed by an accumulation phase, and then a move toward Fibonacci extension targets of $8, $13, and $27.

The on-chain technician did flag the 2014 bear market as an exception to the pattern. That cycle saw a 96% drop over roughly 210 days to mark its low, but it then took XRP more than 1,200 days to break out beyond its previous high, with a major wick low appearing in late 2017 before a January 2018 peak.

Where XRP Stands in the Broader Picture

At the time of writing, XRP was priced at roughly $1.15, a fall of about 12% from where it stood a week ago and 19% lower than where it was one month ago. During the last week, the Ripple token experienced a fall to its lowest position in 19 months at $1.05. However, after reaching that price, it rallied to $1.20 before pulling back slightly from there.

Nevertheless, there was a bright spark in that period, namely spot XRP ETFs. These funds closed last week with a net inflow of $2.62 million. That may seem like a pretty small number, but it’s notable considering that their Bitcoin counterparts bled more than $1.7 billion in that period and spot Ethereum ETFs saw outflows of $173 million.

Only HYPE ETFs saw a better run, bringing in nearly $17 million, while funds tracking Litecoin (LTC), Avalanche (AVAX), and Hedera (HBAR) saw zero action.

The post Analyst Eyes $8 to $27 XRP Targets After Potential 2026 Bottom appeared first on CryptoPotato.

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Bybit is joining a growing list of crypto exchange platforms allowing eligible users to subscribe to tokenized shares in US initial public offerings at the offering price, beginning with a SpaceX listing through the xStocks framework.

Kraken parent Payward Services’ xStocks framework aggregates investor demand across partner platforms and works with underwriting syndicates to secure IPO allocations before tokenizing the shares.

Eligible users can register interest and submit subscription requests for tokenized IPO shares through Bybit, with allocations distributed on a pro-rata basis and unused funds refunded if demand exceeds available shares. SpaceX will be the first offering, with tokenized shares scheduled to begin trading on Bybit’s spot market on June 12.

On listing day, allocated shares are tokenized and backed 1:1 by underlying equity held in regulated broker-dealer custody, according to Bybit.

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According to RWA.xyz data, xStocks is the second-largest tokenized stock platform by value, with roughly $415 million in tokenized equities and a 28% share of the market.

Source: RWA.xyz

Kraken on Friday named SpaceX as the inaugural offering for the platform’s xStocks IPO Access product, which is available in more than 110 markets but excludes users in the United States, Canada, Australia and the United Kingdom due to regulatory restrictions.

A day earlier, Coinbase launched a SpaceX pre-IPO market that gives eligible users outside the US exposure to the company’s private-market valuation through perpetual futures contracts.

Source: Bybit

Related: Bybit Pay enters South Africa through MoneyBadger integration

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SpaceX targets record-breaking public debut

Founded by Elon Musk in 2002, SpaceX is a private aerospace company best known for its Falcon launch vehicles, Dragon spacecraft and Starlink satellite internet network.

The company filed confidentially for an initial public offering with the US Securities and Exchange Commission in April. The filing came two months after SpaceX acquired Musk’s artificial intelligence startup xAI, expanding the aerospace company’s presence in the AI sector.

Demand for the offering has reportedly exceeded available shares ahead of SpaceX’s planned June 12 public debut. Bloomberg reported that the company is targeting a valuation of at least $1.8 trillion and a roughly $75 billion raise, which would make it the largest IPO on record.

SpaceX’s May 20 S-1 registration statement also disclosed holdings of 18,712 Bitcoin, enough to place the company among the 10 largest corporate Bitcoin (BTC) holders, ahead of firms including Coinbase and Riot Platforms, according to BitcoinTreasuries data.

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Top 15 Bitcoin treasury companies. Source: BitcoinTreasuries.NET

Magazine: Korea probes Polymarket users, crypto PACs sweep primaries: Hodler’s Digest, May 31- June 6

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