Key Takeaways

• Shares of XOS skyrocketed more than 200% during after-hours trading on Tuesday, jumping from $2.23 to $7.16.
• The company unveiled its “Power Hub” product line — a containerized, megawatt-class energy storage solution that operates independently from traditional power grids.
• Delivered in standard shipping containers, the system can activate a location within days, eliminating the typical 3–7 year grid connection process.
• Power Hub configurations range from 1.2 MWh to 4 MWh capacity, leveraging a proven platform with 250+ MWh already operational across 1,400+ installations throughout North America.
• In the PJM market alone, grid connection bottlenecks drove capacity auction costs to $14.7 billion in 2025, a dramatic increase from $2.2 billion just two years earlier.

Xos Inc. (XOS) experienced a spectacular after-hours rally on Tuesday, with shares soaring over 200% from their $2.23 closing price to reach $7.16, following the company’s introduction of an innovative energy storage solution aimed at data centers and industrial facilities operating without grid connectivity.

Xos, Inc., XOS

This dramatic movement positioned XOS to begin trading at levels not seen in nearly two years, claiming the top spot among percentage gainers on Stocktwits heading into Wednesday’s early trading hours.

The driving force behind this surge was the after-market unveiling of the “Power Hub” product family — a factory-assembled, on-site energy storage platform engineered to supply megawatt-level electricity without depending on traditional grid infrastructure.

The offering includes three distinct capacity options, spanning 1.2 MWh through 4 MWh, and utilizes the same proven technology foundation that powers Xos’s current mobile electric vehicle charging solutions.

CEO Dakota Semler minced no words in describing the innovation: “This is not a battery. It is a deployable power plant.”

Semler emphasized that the system was developed to arrive via conventional trucking, operate without requiring microgrid control systems, and enhance both the cleanliness and efficiency of fuel-based power generation.

Multi-Billion Dollar Grid Bottleneck Crisis

The product’s market entry addresses an increasingly critical infrastructure challenge. Within the PJM region — among America’s most significant power markets — grid connection delays resulted in $14.7 billion in consumer costs during a single 2025 capacity auction. This represents a staggering jump from the $2.2 billion recorded two years prior.

Conventional grid connection timelines typically extend from three to seven years. Xos’s Power Hub, packaged in standard intermodal shipping containers, aims to reduce that timeframe to mere days.

The International Energy Agency forecasted in 2025 that worldwide data center power consumption would approximately double by 2030, propelled primarily by AI infrastructure. Within the United States, data centers have already contributed to half of all new electricity demand growth.

Proven Track Record Behind the Technology

According to Xos, the company has successfully deployed more than 250 MWh of energy storage capability throughout over 1,400 installations across North America using its current platform, providing the Power Hub with an established technological foundation.

Financial Snapshot

Notwithstanding the dramatic after-hours jump, the company maintains a modest market capitalization of just $27.03 million, positioning XOS firmly in small-cap territory.

The equity’s 52-week trading band extends from $1.60 to $5.60, and throughout the preceding 12 months, XOS had declined 29.21% before Tuesday’s explosive movement.

At the moment of the surge, shares were trading at approximately 16% of the annual range — substantially nearer to the yearly floor than the ceiling.

The stock’s Relative Strength Index (RSI) registered 63.24 prior to the announcement, with Benzinga’s technical analysis suggesting short and intermediate-term bullish momentum combined with long-term consolidation patterns.

The premarket momentum extended into Wednesday’s opening session, with XOS climbing nearly 244% at the time of publication.

Global payment networks Stripe, Visa and Mastercard are close to introducing a new stablecoin platform, according to three people familiar with the plans.

U.S.-listed cryptocurrency exchange Coinbase (COIN) is also looking into the possibility of participating in the stablecoin platform, one of the people said.

Coinbase, Stripe and Visa declined to comment. Mastercard had not responded to requests for comment by publication time.

Stablecoins, one of the busiest areas of crypto, have become a focal point for the large card networks and payments players. The total stablecoin market cap is about $325 billion, according to CoinGecko data. The market is dominated by Tether’s USDT, at $115 billion.

Stripe acquired stablecoin infrastructure firm Bridge in late 2024 for $1.1 billion. Mastercard, which acquired stablecoin firm BVNK earlier this year, said this week it plans to expand always-on stablecoin settlement.

In April, Visa announced it was expanding a stablecoin settlement pilot to nine blockchains, adding Base, Polygon, Canton Network, Arc and Tempo to existing support for Ethereum, Solana, Avalanche and Stellar.

Late last year, Coinbase announced a white-label stablecoin service, as well as the Coinbase Business service for stablecoin payments.

Since August 2023, Coinbase and Circle Internet (CRCL), issuer of the second largest stablecoin, have had a revenue-sharing agreement, which comes up for renewal in August this year. The token, USDC, has a market cap of $76 billion.

Under the deal Coinbase keeps 100% of the interest income generated from USDC held on the exchange, while splitting revenue 50/50 for USDC circulating across all off-platform and decentralized finance (DeFi) ecosystems.

Quick Overview

• Palo Alto Networks delivered Q3 adjusted earnings of $0.85 per share, surpassing Wall Street’s forecast of $0.80.
• Total revenue reached $3 billion, marking a 31% year-over-year increase and exceeding projections of $2.94 billion.
• Backlog expanded 36% to reach $18.4 billion, outpacing analyst predictions.
• PANW shares surged more than 10% after hours before retreating as market participants recognized acquisition contributions to growth.
• Multiple Wall Street firms increased their price targets, including Evercore ISI to $375 and Stifel to $330.

Palo Alto Networks (PANW) unveiled its fiscal 2026 third-quarter performance on Tuesday, exceeding expectations across all key financial indicators.

Adjusted profit per share registered at $0.85, outperforming analyst projections of $0.80 and improving from $0.80 during the corresponding period last year. Total sales hit $3 billion, surpassing the anticipated $2.94 billion.

Shares initially spiked over 10% during after-hours trading Tuesday evening. However, by Wednesday’s premarket session, most gains had evaporated, with the stock declining approximately 4.8%. Recent trading placed shares around $297.18, hovering just beneath the 52-week peak of $302.95.

Palo Alto Networks, Inc., PANW

Total sales advanced 31% compared to the prior year. When excluding acquisitions, organic revenue expansion came in at 14%.

The company’s order backlog climbed 36% to $18.4 billion, also exceeding analyst consensus forecasts. Next-Generation Security annual recurring revenue expanded 60% on a year-over-year basis.

Chief Executive Nikesh Arora attributed the strong performance to “an acceleration in organic bookings momentum, the sustained tailwinds from our platformization strategy, and surging cybersecurity needs as AI transitions from experimental stages to enterprise-wide production.”

M&A Activity Fuels Expansion

The difference between total and organic growth numbers highlights the impact of multiple acquisitions being integrated simultaneously. The most significant transaction involved identity security company CyberArk, which Palo Alto purchased through a combination of cash and stock that finalized in February, valuing CyberArk at approximately $25 billion.

Product sales climbed 31%, powered by firewall orders, XSIAM solutions, artificial intelligence offerings, and SASE products, alongside contributions from both CyberArk and Chronosphere acquisitions.

Executives increased fiscal 2026 fourth-quarter guidance beyond the magnitude of the quarterly beat. Management indicated that both organic and acquisition-related expectations for Q4 rose above the beat amount, although specific organic versus inorganic breakdowns were not disclosed.

Wall Street Upgrades Price Forecasts

Several brokerage firms elevated their price objectives after reviewing the quarterly results.

Evercore ISI boosted its target to $375 from $320. Cantor Fitzgerald increased its objective to $340 from $285. Wells Fargo adjusted upward to $325 from $285, while Citizens lifted its target to $320 from $250 alongside a Market Outperform rating. Stifel raised its price target to $330 from $275 while maintaining a Buy recommendation, highlighting robust execution across both organic initiatives and acquisition-driven expansion.

The CyberArk transaction incorporates identity security capabilities into Palo Alto’s comprehensive platform. AI agents — applications leveraging AI models to execute sophisticated tasks — need access to confidential information and external communications, establishing new vulnerability points. Identity management is viewed as a critical defensive mechanism.

Okta, a rival in the identity security space, witnessed its stock surge 30% following its earnings release last week as investors reacted positively to agent-identity software opportunities. CyberArk unveiled comparable software in late 2024, which is now being integrated into Palo Alto’s expanded ecosystem.

HYPE price has climbed to fresh record highs amid growing demand for Hyperliquid investment products and a high-profile short squeeze that forced a major bear to abandon a $110 million position.

According to data from crypto.news, Hyperliquid (HYPE) price traded near $69.70 at press time on June 3, up more than 12% over the past week and nearly 70% over the past month. The token briefly climbed to a new all-time high near $75 yesterday as traders responded to a string of institutional developments surrounding the ecosystem.

Grayscale’s launch of the Hyperliquid Staking ETF has emerged as the latest catalyst. The product arrived after intense competition among issuers seeking exposure to HYPE, with Grayscale reportedly undercutting rivals through a 0.29% management fee.

The launch followed earlier entries from the 21Shares Hyperliquid ETF and Bitwise Hyperliquid ETF, which together have attracted more than $136 million in net inflows, according to SoSo Value data.

Those funds now collectively hold roughly 1% of HYPE’s total market capitalization, highlighting growing institutional participation in the asset. Recent SEC filings have added to the narrative after major financial firms disclosed exposure to Hyperliquid-related investment products, reinforcing the perception that HYPE is increasingly attracting traditional capital.

Hyperliquid’s tokenomics continue to amplify the impact of those inflows. The protocol allocates over 97% of platform revenue toward buying back HYPE from the open market, creating persistent demand as trading activity expands.

Rising volumes across crypto, commodities and prediction markets have increased the size of those purchases, tightening available supply even as investor interest accelerates.

Institutional demand and platform activity support the rally

Trading activity on Hyperliquid has expanded well beyond cryptocurrency perpetual futures. Recent growth in crude oil perpetual contracts and macro-linked prediction markets has attracted traders seeking around-the-clock exposure while traditional markets remain closed.

Platform adoption has translated directly into stronger fundamentals. Per DefiLlama, the total value locked on the Hyperliquid network has climbed to approximately $5.82 billion, one of the highest levels in the protocol’s history. Higher platform usage generates additional fees, which in turn feed the protocol’s buyback system and reinforce demand for HYPE.

A major sentiment shift unfolded in derivatives markets this week after a well-known whale known as Loracle closed his entire short position at a realized loss of roughly $46.46 million. Shortly after exiting the trade, he opened a 2x leveraged long position worth approximately $5.73 million.

The reversal removed one of the market’s largest public bearish bets and reinforced the view among traders that institutional demand and buyback activity continue to overpower selling pressure.

Technical setup places $100 within reach

On the daily chart, HYPE has entered price discovery after breaking above its previous record high near $75.8. The move completed a major continuation breakout and pushed the token beyond the upper boundary of its recent trading range.

Momentum indicators remain firmly bullish. The MACD continues to print a positive crossover while the histogram has expanded to its highest level in months. At the same time, the Aroon Up indicator stands above 85% while Aroon Down has fallen to zero, highlighting the strength of the current uptrend.

According to crypto analyst Ali Martinez, HYPE has invalidated earlier sell signals and may have room to extend its rally toward higher levels.

“With prior sell signals invalidated, I’m watching $97 and $163 as potential upside targets.”

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Fibonacci extension levels also support the bullish outlook. Measuring the advance from the January low near $20.5 to the recent breakout places the 1.618 extension at approximately $110, giving bulls a clear technical path beyond the psychologically important $100 level.

On the downside, traders will be watching the former breakout zone around $75 as the first major support. A drop below that level could expose the next support areas near $64 and $55, corresponding to the 0.786 and 0.618 Fibonacci retracement levels.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Binance has announced the closure of its NFT platform, ending support for a service that once operated during a period when annual NFT trading volumes exceeded $50 billion but now serves a market that generated about $5.5 billion in 2025.

According to the June 3 announcement, users must withdraw transferable NFTs from the exchange before 23:59 UTC on July 3, 2026, or they will no longer be able to access those assets through the platform. 

The exchange described the move as an upgrade and directed users to transfer eligible NFTs to Binance Wallet or another compatible external wallet.

For users holding non-transferable NFTs, including completion certificates issued through Binance Academy, withdrawals will not be possible. Binance said those NFTs will become inaccessible after the deadline, while Academy users will receive replacement certificates in PDF format.

Under the exchange’s announcement, up to 100,000 users who transfer eligible non-CR7 NFTs through BNB Smart Chain or Ethereum between June 3 and June 17 will receive 1 USDC. 

Binance said the payment is intended to cover the cost of a typical onchain withdrawal transaction and will be credited by July 3.

Separate arrangements apply to holders of CR7 NFTs. Binance said withdrawal fees for those collections completed on BNB Smart Chain before July 3 will be refunded, with credits scheduled for distribution by July 19.

NFT platform joins growing list of discontinued services

Earlier decisions had already reduced Binance’s NFT-related offerings. In April 2024, the exchange ended support for Bitcoin Ordinals, and in September 2023 it removed Polygon network support from its NFT marketplace.

Market conditions have also deteriorated sharply from the sector’s peak years. According to CryptoSlam, annualized NFT trading volume across all blockchains totaled roughly $5.5 billion in 2025, far below the more than $50 billion recorded during 2022.

CryptoSlam data also showed Q4 2025 NFT volume reached $1.25 billion, down 28% from the previous quarter. December contributed only $303 million in trading activity.

Several NFT businesses exited the market during the same period. Platforms including Nifty Gateway, Kraken NFT and X2Y2 shut down their NFT operations as trading activity continued to contract, according to previously reported industry data.

Binance expands into stocks and tokenized assets

While Binance is winding down its NFT marketplace, the company has recently expanded into traditional financial products.

As previously reported by crypto.news, the exchange has started offering more than 7,000 U.S.-listed stocks and ETFs for eligible users outside the United States. The service allows fractional purchases from $5 and operates around the clock on weekdays.

Details released by Binance and Alpaca showed that the exchange holds a minority stake in Alpaca, the brokerage infrastructure provider supporting the stock trading product. Alpaca Securities handles execution, clearing, settlement, and custody, while Binance said it does not custody the securities traded through the service.

Binance has also stated that its planned bStocks product will allow eligible users to convert supported equity holdings into onchain assets in the coming weeks.

Key Highlights

• 160 former national security and law enforcement officials endorse CLARITY Act.

• Senate leaders receive letter urging advancement of digital asset legislation.

• Industry advocates frame crypto bill as enforcement and security tool.

• Blockchain Association launches multi-office Senate advocacy campaign.

• Bill awaits floor debate after clearing Banking Committee with bipartisan support.

A major crypto industry group has secured endorsements from 160 former national security and law enforcement professionals for digital asset legislation currently pending in Congress. The Blockchain Association delivered the letter to key Senate figures Tuesday, positioning the CLARITY Act as essential infrastructure for both market regulation and security enforcement.

Security Veterans Endorse Digital Asset Framework

Senate Majority Leader John Thune and Senate Democratic Leader Charles Schumer received the correspondence directly from the trade organization. The letter emphasized how establishing regulatory clarity for digital assets would enhance capabilities for financial crime investigators and law enforcement agencies working on emerging technology cases.

Signatories emphasized that comprehensive digital asset regulations would bring more cryptocurrency operations within U.S. regulatory reach. The former officials contended that such oversight would enhance consumer safeguards while creating stronger accountability mechanisms across crypto markets. Their argument connected regulatory framework development directly to broader national security objectives.

The letter highlighted specific compliance mechanisms embedded within the proposed legislation. Key provisions include expanded Bank Secrecy Act requirements and enhanced sanctions enforcement protocols. Furthermore, the measure would facilitate information exchange between Treasury Department officials, other federal agencies, and private industry participants.

Legislation Awaits Full Senate Consideration

The digital asset bill received approval from the Senate Banking Committee through a bipartisan vote during the previous month. It currently sits on the Senate Legislative Calendar, positioned for potential floor discussion. Senate leadership has yet to determine when the full chamber will take up the measure for formal consideration.

Lawmakers are still negotiating potential ethics requirements related to cryptocurrency business involvement by government officials. This discussion emerged partly due to President Donald Trump’s documented involvement in digital asset ventures. The legislation may undergo additional modifications during the legislative process before reaching a final vote.

Proponents believe the measure could resolve ongoing jurisdictional disputes between the Securities and Exchange Commission and Commodity Futures Trading Commission. They maintain that defining agency responsibilities more precisely would simplify compliance for businesses while empowering regulators to enforce standards effectively. Consequently, the CLARITY Act represents a cornerstone of Washington’s effort to establish comprehensive crypto market rules.

Industry Group Escalates Capitol Hill Outreach

The trade association announced plans to expand its Washington advocacy operations significantly. Organization representatives will conduct meetings with staff and members across 18 different Senate offices as legislative deliberations progress. Additionally, the group scheduled a virtual town hall focusing specifically on security and enforcement dimensions of crypto regulation.

The online event will feature Senator Cynthia Lummis, Representative Tom Emmer, and Patrick Witt as speakers. Witt currently leads the President’s Council of Advisors for Digital Assets. Participants will discuss how the proposed legislation could improve coordination among enforcement agencies tackling cryptocurrency-related crimes.

This intensified advocacy effort increases pressure on Senate leadership to schedule floor action on the bill. It also repositions the legislative debate around enforcement capabilities and national security considerations rather than purely economic concerns. The CLARITY Act currently stands as Congress’s primary legislative vehicle for establishing federal digital asset regulations.

Bitcoin BTC$67,166.20 recovered 0.7% on Wednesday, but remains at a crucial crossroads after a 9.5% decline since Sunday.

The largest cryptocurrency traded recently near $67,000, firmly in the middle of a range that persisted between February and April after a failed breakout attempt above $81,000 last month.

If bitcoin tumbles below $60,000 it would probably trigger a wave of liquidations and a possible slide to as low as $54,000, a level of support dating back to both 2024 and 2021.

Ether (ETH), meanwhile, trades at $1,870 after rising by 0.9% since midnight UTC, although the bounce comes after a selloff that saw it tumble to its lowest point since February.

The U.S. stock market rallied to record highs again on Tuesday. The divergence is starting to trigger concerns among some crypto investors because the two asset classes have historically moved in tandem.

AI crypto tokens continued to outperform the peers. NEAR, RENDER and FET all rose by around 9% on Wednesday following Tuesday’s market-wide selloff.

Derivatives positioning

• Over $1.7 billion in leveraged crypto futures bets were liquidated in the past 24 hours, double the day-earlier amount.
• Most liquidations were bullish long positions after BTC slumped to $65,500 earlier today. The 24-hour volume surged 27% to nearly $300 million while cumulative industry-wide notional open interest (OI) fell just over 2%.
• The combination of large liquidations and falling open interest suggests aggressive crowding out of leveraged bullish plays and a reduction in new leveraged exposure.
• Open interest in bitcoin futures hovers at record highs above 800K BTC, up for the third straight day even as spot prices decline. That validates the downtrend and points to an influx of new shorts or bearish positioning.
• The seven-day OI-adjusted cumulative volume delta is negative, indicating bears are leading price action by actively shorting with market orders rather than using passive limit orders.
• Most major tokens, including ETH, ADA, SUI, XRP and SOL, also show negative seven-day and 24-hour cumulative volume deltas, signaling bear leadership across markets. Funding rates for these tokens remain slightly positive to slightly negative, implying the bearish side is not overcrowded and there’s room for further downside.
• Open interest in ZEC futures, however, has risen for the third straight day to 2.43 million ZEC as the token has gained 6.3% over seven days, bucking the broader malaise. ZEC also shows a positive 24-hour CVD alongside HYPE, indicating bullish sentiment.
• Fear is creeping back in. BTC and ETH 30-day implied volatility indices (BVIV and EVIV) jumped sharply Tuesday, posting their largest single-day gains since the Feb. 5 crash. Continued increases in the measure could presage further market pain.
• Options flow on Deribit shows traders paying up for downside protection. The one-week put-call skew climbed to nearly 20% early today, reflecting an outsized demand for puts. The most traded instruments in the past 24 hours were the $70K put expiring June 5 and the $55K put expiring June 26.
• In block flows, BTC call spreads and ETH put spreads were the most favored bets.

Token talk

• Ethena (ENA) is one of Wednesday’s top-performing altcoins, rising by 9.3% since midnight UTC and more than 20% in 24 hours after Coinbase (COIN) said it will integrate Ethena features in a new savings account product.
• There was a notable gain for privacy coin zcash (ZEC). The token has risen 2% since midnight and 12% in the past 24 hours as it attempts to steer itself away from danger.
• CoinMarketCap’s “Altcoin Season” indicator is now at 53/100, the highest since early March as investor appetite for high-risk altcoins remains despite weakness among the crypto majors.
• Humanity protocol (H) appears to be entering a corrective phase after it lost a quarter of its value in 24 hours following a 200% rally in the past week, with clear profit-taking occurring. Daily trading volume dropped 55% to $314 million.

• Ethena (ENA) jumped nearly 20% after the Coinbase open-market token purchase news.
• Anchorage deal expands Ethena into institutional lending markets.
• The next key resistance level sits at around $0.1367.

Ethena’s ENA token has recorded a sharp intraday jump of about 19.5%, pushing the price to roughly $0.1025 at press time.

The sudden rebound has brought Ethena back into focus, especially as trading activity surged to more than $410 million in 24-hour volume, signalling a clear spike in market participation.

While the broader trend remains down over longer timeframes, the short-term price action reflects a strong shift in sentiment tied to recent ecosystem developments.

Coinbase Ventures’ investment in Ethena

A major driver behind the latest rally is Ethena’s deepening relationship with Coinbase.

Coinbase Ventures made its first-ever investment in Ethena by purchasing ENA directly on the open market, a move that immediately stood out to traders because it signalled direct alignment rather than a private funding allocation.

Coinbase Ventures is proud to back @Ethena through an open market purchase of ENA.

Ethena is a critical player in onchain finance, and we are excited for the closer partnership with Coinbase and USDC.

— Coinbase Ventures 🛡️ (@cbventures) June 2, 2026

More importantly, Coinbase is not treating Ethena as a passive investment. The two are working on a broader rollout of on-chain savings and financial products designed for Coinbase’s user base of more than 100 million accounts.

This includes integration of Ethena’s synthetic dollar ecosystem into Coinbase-linked savings products, with early initiatives expected to launch within days of the announcement.

The market reaction reflects how distribution can shift valuation expectations.

Access to Coinbase’s retail and institutional ecosystem introduces a potential pathway for Ethena’s USDe and related yield products to reach users far beyond crypto-native platforms.

That potential expansion is a key reason ENA saw a sharp repricing in such a short window.

Anchorage Digital partnership

Alongside Coinbase, Ethena has also expanded its infrastructure reach through a partnership with Anchorage Digital.

The collaboration introduces a framework for institutional off-chain lending using Anchorage’s Atlas platform, which handles collateral custody, risk monitoring, and liquidation controls.

This setup allows institutions such as asset managers and trading firms to access crypto credit markets without taking direct custody of assets.

Anchorage holds collateral within a regulated structure while Ethena manages capital deployment into lending operations.

The lending system is designed to unlock new yield streams beyond Ethena’s existing synthetic dollar mechanics.

It also marks a shift in strategy, as Ethena moves from purely DeFi-based yield generation toward a hybrid model that includes institutional credit exposure.

Ethena’s underlying technicals remain stable

While ENA has been volatile, the technical analysis shows no signs of instability.

And looking at the Ethena charts, technical indicators show a mixed signal environment with a majority in the neutral zone.

Oscillators lean slightly bearish, while moving averages are evenly split between buy and sell signals.

The 14-day RSI sits at 39.56, placing it in a neutral zone where neither buyers nor sellers dominate momentum.

ENA currently trades below all its exponential moving averages (EMAs), including the  10-day, 20-day, 50-day, 100-day, and 200-day EMAs, suggesting the broader structure remains bearish.

Outlook for ENA price movement

Despite the strong daily move, Ethena remains in a broader downtrend when viewed over longer periods.

The token is still trading significantly below previous highs, and the technical structure remains mixed.

Short-term indicators show momentum returning, with price action recently breaking above multiple resistance levels during the intraday rally.

However, the presence of resistance from shorter-term exponential moving averages suggests that the move is still developing rather than fully confirmed as a trend reversal.

At the same time, total value locked within the Ethena ecosystem remains above $4.5 billion, indicating that usage levels have not collapsed alongside price.

This divergence between protocol activity and token valuation is now one of the central points of market focus.

Future price movement is likely to depend on whether upcoming product launches tied to Coinbase integration translate into measurable user adoption.

If onboarding through Coinbase and institutional lending flows begin to scale meaningfully, Ethena’s valuation could continue to re-rate alongside its expanding financial infrastructure footprint.

If ENA holds above the $0.10 breakout level and the onboarding through Coinbase and institutional lending flows begin to scale meaningfully, a move toward the next resistance near $0.1367 is plausible.

However, there is a risk of a “sell the news” reaction after the launch, or if the broader market sell-off intensifies, it could potentially push the price back to test support at $0.095.