Crypto World
Clarity Act survival depends on the U.S. Senate getting a lot of non-crypto work done
At some point, the progress of the crypto sector’s top policy priority — the Digital Asset Market Clarity Act — becomes an insurmountable math problem, with not enough time left in the U.S. Senate’s work calendar to allow for passage. But the bill has now been formally offered for the Senate calendar, and the industry’s lobbyists are still shooting for a last-moment win.
There are about eight weeks of floor time available in the Senate before the lawmakers scatter for the summer break and the political demands of the midterm congressional elections. And as the election season grows more urgent, the appetite for legislative cooperation could also take a hit.
In that brief work window in Congress’ upper chamber, the Clarity Act would need to go through several procedural steps that can only begin once the market structure bill is finalized — a goal that still requires some big-ticket disputes to get ironed out between the political parties and the White House.
The Clarity Act would establish a tailored regulatory regime for crypto in the U.S. — an idea that carries significant bipartisan support. But even if the bill were ready for action, a significant array of Senate business items are competing for time and attention. And some of them haven’t been going very well.
A deadline is looming this month for extending the Foreign Intelligence Surveillance Act (FISA), and getting a long-term deal on U.S. spy powers has been a challenge, including over the insertion of a ban on central bank digital currencies (CBDCs). Senate leadership had warned that the CBDC component could kill the effort in that chamber, and an impasse had set in between the House of Representatives and Senate that’s still being resolved, but the latest version of the bill reportedly includes a temporary ban that ends in three years.
Even more fireworks, though, had erupted from the process to approve an immigration-enforcement funding bill. The spending plan was derailed by an internal outcry from Republicans opposing President Donald Trump’s $1.8 billion Department of Justice “anti-weaponization” fund to compensate allies. A court ordered the plan halted during the dispute over its legality, and Acting Attorney General Todd Blanche reportedly gave in to the pressure on Tuesday to assure lawmakers that the idea is dead, which is expected to re-open the path for the immigration bill.
Must-pass bills
Those two bills — FISA and immigration — must pass in order for aspects of the federal government to continue functioning, giving them priority over other work. Crypto lobbyists are expressing quiet confidence that they’ll be resolved soon.
But once they’re approved, that doesn’t necessarily mean smooth sailing for the crypto bill, which was formally forwarded to the Senate calendar this week.
Adding some potential drama has been President Trump’s insistence that one of the legislative efforts — FISA or a bill overhauling U.S. housing regulations — be saddled with his effort to impose voter identification and proof of citizenship at the polls before the congressional midterm elections, which he has said will lead to his impeachment if Democrats win. Adding that controversial bill atop another would sharply decrease the odds of its host bill’s passage, but Trump has previously threatened to halt congressional progress on other matters if lawmakers don’t make it happen.
That housing bill he’s looking at may be among the Clarity Act’s big competitors for floor time. The bipartisan legislation to encourage U.S. home building (while also restricting certain institutional investors) has been lobbed back and forth by the House and Senate, but leaders in the two chambers are reportedly working on a version that will satisfy both. Even if it all goes well, the Senate calendar is a zero-sum proposition at this stage, meaning every hour devoted to anything that isn’t Clarity reduces the odds for the chamber having enough bandwidth for the bill.
The Senate is also wrestling with a debate over a war-powers resolution aimed at halting U.S. military action in Iran. And the coming days are also expected to see action on the legislation known as the farm bill that may get a hearing in the Senate Agriculture Committee that’s also supposed to be working on a final version of the Clarity Act, plus potential movement on the National Defense Authorization Act for next year.
Summer plans
Though White House officials had expressed an Independence Day goal for the Clarity Act to clear Congress at the start of next month, various lawmakers have suggested end-of-July timing or even early August — the final week before the start of the long congressional break.
“Under my Leadership, we will codify a FUTURE-PROOF Digital Asset Market Structure that cannot be undone by the Crypto Haters,” the president wrote in a recent post on his social-media site. “The new Frontier of Finance is being Built in America, and ‘TRUMP’ will NEVER let Crypto down!”
His codifying promise may be dependent on what Trump is willing to allow into the Clarity Act involving an ethics provision aimed straight at him: banning government officials from personal stakes in the crypto industry. A bill without such limits is widely considered to be a dealbreaker for Senate Democrats, but crypto insiders are suggesting that a runway period has been raised that may not force Trump to divest from his own interests.
The Clarity Act recently cleared the Senate Banking Committee in a narrow bipartisan vote that drew loud fanfare from the industry. But a party-line approval of a parallel version in the Senate Agriculture Committee is now being litigated on certain points to bring that committee’s Democrats on board, including the potential requirement that the Commodity Futures Trading Commission — a leading regulator of crypto activity — get nominations from the White House to fill all four of its commissioner vacancies (two Republicans and two Democrats).
Ongoing fights
Lobbyists from the banking industry are also expected to keep hammering away at the bill, which includes a section on stablecoin yield that bankers see as a threat to their deposit base. And the decentralized finance (DeFi) interests are still trying to acquire more legal shielding for developers who don’t want to be punished for illicit usage of their work.
So the bill isn’t done, and crypto advocates in Washington say it hasn’t leapt into June with a particularly quick start. Once the legislation is finished, including combining the versions from the banking and agriculture panels and adding an ethics provision, Senate leadership would need to set up some floor time — potentially a full week (one of the precious eight remaining before the August recess).
If not by then, there’s another smidge of time in September, and then comes the biggest wild card of the congressional calendar: the so-called “lame duck” session in which the members of this Congress will keep working for about four weeks after the elections have effectively fired some of the lawmakers and others are retiring. Desperate deals have been made for significant legislation during those sessions, but the odds are long.
Senator Cynthia Lummis, who chairs the digital assets subcommittee on the Senate banking panel, has been posting a steady stream of encouragement for pushing the Clarity Act.
“We are closer to a functioning digital asset market structure than we have ever been,” Lummis posted Tuesday on social media site X. “Now is not the time to flinch.”
Read More: Clarity Act clears U.S. Senate committee, on its way to a final test in Congress
Crypto World
NyesteCasino.com Reports: iGaming Industry Navigates Dual Pressures of Regulation and Growth
[PRESS RELEASE – Norwich, United Kingdom, June 15th, 2026]
NyesteCasino.com, a leading iGaming analysis resource, released its latest industry overview, highlighting a week defined by intensifying regulatory scrutiny alongside continued global market expansion.
From U.S. Senate hearings and a widening circuit split to the localisation of crypto casinos and a surge in World Cup betting activity, iGaming operators have been balancing risk management with aggressive growth strategies.
Over the past week, the global iGaming sector has faced two powerful and often conflicting forces. Regulators across the United States, Europe, Southeast Asia, and South America have tightened rules around prediction markets, sweepstakes casinos, and credit card usage for deposits. At the same time, online gambling platforms, content providers, and policy advisors have accelerated product innovation and executed timely, region-specific sports marketing campaigns.
According to NyesteCasino.com’s team, these developments signal a broader structural transition across the industry—one in which compliance agility is rapidly becoming as critical to success as product quality. Despite increasing regulatory headwinds, the pace of innovation and market demand continues to point toward sustained sector growth.
Prediction Markets: Courtrooms, Congress, and Cross-Border Bans
The week started with a long-awaited US Senate Commerce Subcommittee gathering. The hearing named “No Sure Bets” took place on May 20 under Chair Marsha Blackburn, and Blackburn indicated more sessions were to come. The debate between American Gaming Association CEO Bill Miller and former Congressman Patrick McHenry quickly turned into a clash over the future of prediction markets. While Miller named the sports event contracts as backdoor betting operations bypassing the state licences, tax regulations, and integrity safeguards, McHenry talked on behalf of the Coalition for Prediction Markets and opposed him, stating that the current CFTC supervision is working perfectly.
On 22 May, a panel from the Ninth Circuit rejected the stay requests filed by both Kalshi and Polymarket, refusing to halt state enforcement proceedings in Nevada and Washington, which complicated the legal situation even more. The court ruled that a federal preemption defence under the Commodity Exchange Act cannot, on its own, establish federal jurisdiction. The ongoing disagreement in the appeals court of New Jersey, which had previously upheld a Kalshi injunction, has gained strength with this decision. Moreover, the process leading to a Supreme Court review of state jurisdiction over event contracts has accelerated even more.
Indonesia’s Ministry of Communication and Digital Affairs categorised Polymarket as an online gambling site, disregarding its crypto-based structure, and has requested a national ban on the market platform on May 25. The reason for this request was a viral contract regarding whether President Prabowo Subianto would resign before the end of his term in October 2029. The contract generated a trading volume of approximately $46,000. The number of jurisdictions where Polymarket is inaccessible is growing, exceeding 33 around the world now, including India, Brazil, and Singapore, among other new blockers.
State-Level Regulations: An Anti-Sweepstakes Bill from Tennessee
There have also been state-level restrictions in Tennessee on online gambling law. During the same week, Governor Bill Lee signed two vital bills. Senate Bill 2136 made Tennessee the ninth US state banning sweepstake casinos and dual-currency systems completely, which grants the attorney general the power to enforce it. And according to the SB 1992, the second bill signed by the governor, anyone who deliberately influences the outcome of an event whilst holding a prediction market contract will be charged with a Class E felony. It is expected that these bills will guide other state legislatures who are planning similar regulations at the moment.
Europe and Brazil: Tax Proposals, Ad Restrictions, and Credit Bans
The European Parliament held a plenary debate on May 20 on a proposed EU-level gambling levy. Budget Commissioner Piotr Serafin confirmed the Commission is actively assessing the option alongside digital services and crypto-asset levies as part of the next Multiannual Financial Framework. Proponent MEP Victor Negrescu estimated the levy could raise between €2 and €4 billion annually for education, youth, and addiction prevention programmes. Opponents from EPP and ECR blocs raised concerns over subsidiarity, competitiveness, and national tax sovereignty, with any operational package targeted for January 2028.
Belgium’s Kansspelcommissie and the Netherlands Gambling Authority separately issued formal World Cup advertising warnings to licensed operators ahead of the June 11 to July 19 FIFA tournament. France’s ANJ flagged a year-on-year rise of more than 25% in operator marketing budgets as the tournament approaches. Meanwhile, Brazil formalised rules on May 25 to close off Pix Crédito as a deposit method on regulated betting platforms, a move prompted in part by a Folha de São Paulo audit revealing that major banks including Bradesco and Banco do Brasil, were still processing credit transfers into betting accounts as recently as mid-May.
Editorial Perspective
“What this week makes clear is that the iGaming sector is entering a phase where regulatory IQ is as strategically important as product development,” said the editorial team at NyesteCasino.com. “The prediction markets debate alone spans courtrooms, congressional hearings, and international bans and it is far from resolved. Operators who can track and adapt to this multi-jurisdictional complexity while still executing on World Cup campaigns and localisation strategies will be best positioned for the second half of 2026.”
About NyesteCasino.com
NyesteCasino.com is a leading independent iGaming review and analysis platform. The editorial team tracks regulatory developments, operator news, and product releases across global markets to help players and industry professionals navigate the evolving online casino landscape. Users can learn more at nyestecasino.com.
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Crypto World
Tom Lee’s Bitmine (BMNR) buys 76,881 ETH as preferred equity sale fuels expansion
BitMine Immersion Technologies (BMNR), the largest Ethereum-focused treasury company, continued its purchase streak after raising fresh capital through a preferred stock sale.
The firm acquired 76,881 ether (ETH) over the past week, worth roughly $136 million based on ETH’s current price, lifting Bitmine’s treasury to 5.62 million ETH.
The company also held 204 bitcoin, $502 million in cash and marketable securities and stakes in Beast Industries and Eightco Holdings, bringing total crypto, cash and investment holdings to $10.4 billion.
The latest purchase was smaller than the previous week’s 126,971 ETH acquisition, its largest weekly haul of 2026. Still, it suggests the company remains committed to accumulating ETH despite Lee’s comments last month about slowing purchases as the firm neared its goal of owning 5% of Ethereum’s supply.
“We are maintaining a somewhat elevated pace of buying as we believe this pullback in ETH prices does not reflect the strengthening of Ethereum fundamentals,” Bitmine Chairman Thomas Lee said.
Bitmine’s preferred equity debut
The purchase comes on the heels of raising $274 million by issuing preferred equity that offers 9.5% annualized dividend. The move resembles financing tools pioneered by bitcoin treasury firm Strategy (MSTR), which have increasingly turned to preferred equity and other yield-bearing securities to fund crypto purchases.
Crypto World
Sarvam AI Hits Record Series B Valuation as Sovereign AI Gains Urgency
Indian AI startup Sarvam AI has reached a reported valuation of $1.5 billion after raising $234 million in the first close of its Series B round, making it the highest reported Series B valuation in India’s startup history.
The round, led by HCLTech, is expected to reach about $300 million in total. The valuation puts Sarvam at the centre of India’s push to build domestic AI infrastructure at a time when governments are growing more cautious about dependence on foreign models.
Sarvam builds large language models, speech tools, translation systems, and AI agents designed for Indian languages and local use cases. Its focus is on voice-first AI, public services, enterprise tools, and regional-language access.
The Sovereign AI Narrative
That strategy fits the broader idea of sovereign AI. In simple terms, sovereign AI means a country wants more control over the models, data, computing systems, and AI services that power its economy and government.
The concept has gained new relevance after the recent Anthropic Fable 5 and Mythos 5 controversy in the US.
Anthropic said it had to disable the models for all customers after US restrictions barred access for foreign nationals, including some foreign-national employees.
The case showed how quickly access to advanced AI systems can change when national security, export controls, or policy pressure enter the picture. For countries such as India, that risk strengthens the case for building domestic alternatives.
However, sovereign AI does not mean full independence. India still depends on global chips, cloud providers, and open-source research. Sarvam’s bet is more practical: build AI systems that work for India’s languages, rules, institutions, and scale.
That is why the funding round matters beyond valuation. It signals that investors and policymakers now see AI infrastructure as a strategic asset, rather than just another software market.
The post Sarvam AI Hits Record Series B Valuation as Sovereign AI Gains Urgency appeared first on BeInCrypto.
Crypto World
Hyperliquid loses Anthropic, OpenAI markets as creator shuts down project
A key player on the fast-growing derivatives exchange Hyperliquid’s private-company trading is shutting down, pointing to consolidation in one of the industry’s hottest new markets.
Ventuals, the project behind perpetual futures tied to OpenAI and Anthropic valuations, said Monday it is winding down and that its team will join another project building within the Hyperliquid ecosystem.
The move has halted trading in the OPENAI and ANTHROPIC markets, with all positions settled automatically. Other markets will be shutting down in the coming days. The team said it generated more than $650 million in trading volume and attracted over 500,000 HYPE in community support during its run.
The shutdown comes as crypto-native trading venues increasingly push beyond digital assets into markets traditionally associated with Wall Street. Traders can now use perpetual futures to speculate on commodities, equities and private-company valuations through blockchain-based markets.
Hyperliquid has become one of the leading venues for that trend. The exchange processed roughly $234 billion in perpetual futures volume over the past month, according to DefiLlama data.
Crypto World
Standard Chartered Forecasts 37x Surge For This Altcoin in $2.7 Trillion DeFi Bet
Standard Chartered has initiated coverage on Uniswap (UNI) with a $100 price forecast by the end of 2030, a roughly 40-fold jump from current levels. The bank ties the call to a projected 37-fold rise in tokenized assets entering decentralized finance (DeFi).
The forecast frames Uniswap as one of the clearest token bets on a broader shift, the convergence of traditional finance and blockchain rails as real-world assets, stablecoins, and crypto-native tokens migrate on-chain.
The $2.7 Trillion DeFi Bet
Geoffrey Kendrick, head of digital assets research at Standard Chartered, laid out the thesis in a Monday note.
He expects tokenized assets on-chain to reach $4 trillion by the end of 2028, up from $340 billion today. The bank sees the share of those assets active in DeFi climbing to 30% by 2030, from about 3.5% now.
By its math, that shift implies $2.7 trillion locked in DeFi, a 37-fold increase from today.
Standard Chartered argues the same growth would leave Uniswap liquidity pools with 37 times more on-chain assets to trade.
“I estimate that the amount of tokenized assets active in DeFi will 37x by the end of 2030” Kendrick wrote in the note.
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Why the Bank Picked Uniswap
Standard Chartered cited Uniswap’s role as an all-purpose infrastructure layer, its brand recognition, and its dominance in highly correlated pair trading.
As real-world assets move on-chain, pools can match naturally correlated tokens in ways that the bank says traditional firms cannot build on their own.
That argument is already being tested. Tokenized versions of stocks, including SpaceX, Apple, and Tesla, went live on Uniswap last week, part of more than $9.1 billion swapped in real-world asset pools across over 2.6 million transactions.
The institutional pull is visible higher up, too.
In February, BlackRock’s tokenized BUIDL fund became tradable through UniswapX, and the asset manager took a strategic stake in the Uniswap ecosystem.
The protocol’s recent UNI token burn proposal and its Unichain layer-2 network aim to tie protocol fees more directly to token value.
“If Uniswap can commercialize enough and create significant enough TradFi partnerships to scale, its market cap-to-transaction fees multiple is likely to increase, narrowing the gap with Coinbase,” the Standard Chartered executive added.
Price Still Lags the Forecast
For now, the token trades well below the bank’s roadmap. UNI’s market price sat near $2.71 on Monday, up about 8% on the day but down roughly 62% over the past year, with a market value near $1.68 billion.
That price trails the bank’s 2026 target of $6.50. Standard Chartered’s ladder then climbs to $20 in 2027, $40 in 2028, $65 in 2029, and $100 in 2030, a path it expects to outpace both Bitcoin (BTC) and Ethereum (ETH).
The UNI token price following protocol growth remains the open question.
Regulators only dropped a Uniswap probe last year, and longer-term UNI price forecasts still hinge on how quickly tokenized assets actually reach DeFi.
The post Standard Chartered Forecasts 37x Surge For This Altcoin in $2.7 Trillion DeFi Bet appeared first on BeInCrypto.
Crypto World
Bitmine Adds $135M in ETH, Closing In on 5% of Ethereum Supply
The Tom Lee-chaired former bitcoin miner turned Ethereum treasury company continues to increase its ETH holdings by purchasing over $135 million worth of the asset.
Its total holdings have skyrocketed to 5,620,754 ETH, currently valued at around $10 billion, given the asset’s price today. This means that the company, whose average entry price is around $3,450, still sits on a massive unrealized loss of well over $9 billion.
ETH Holdings Keep Rising
The press release shared from the company earlier today indicated that its total stash has grown to $10.4 billion, albeit crypto prices were slightly lower at the time. Aside from the massive ETH fortune, Bitmine owns 204 BTC, $502 million in cash and marketable securities, as well as equity stakes in Beast Industries and Eightco Holdings valued at a combined $268 million.
Tom Lee described the $135 million purchase as an “elevated pace” of buying the asset despite its most recent market pullback that sent it to $1,500 at the start of the month. The company is now 93% of the way toward owning 5% of Ethereum’s total supply.
Nevertheless, Bitmine continues to be a major ETH supporter, noting that it doesn’t believe the current market downturn rightfully reflects its position in the market.
“The Series A Preferred Stock offering is good balance sheet diversification for Bitmine. The Company’s current projected annualized staking rewards of approximately $219 million provide recurring cash flow to support the dividends related to the Series A Preferred shares,” stated Lee.
Bitmine’s Staking Venture
He added that Bitmine has become a major participant in Ethereum staking, as 4.72 million ETH tokens, or more than 83% of its total holdings, have been staked through its validator operations.
Using current staking yields, the company projects annualized staking revenue of approximately $226 million. The firm estimated that if it deploys all of its ETH through staking, its annual rewards could rise to about $270 million.
Bitmine remains the second-largest cryptocurrency holder with its $10 billion worth of ETH and 204 BTC. It trails only Strategy, which, despite a minor sale completed by the end of May, has continued its substantial accumulation with another $100 million BTC purchase announced earlier today. It now owns approximately $56 billion worth of bitcoin.
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Crypto World
Sam Altman ChatGPT Predicts Explosive XRP Price by End of 2030
There is a line in this prediction that cuts through the noise better than any price target. The biggest mistake investors make is assuming XRP must either go to $100 plus or fail completely. Sam Altman’s ChatGPT is essentially asking the XRP community to grow up, to stop swinging between cult and obituary, and to start thinking about this asset the way you would any infrastructure play with a long runway ahead.
The base case for end of 2030 is $10 to $18 from $1.24 today, roughly an 8x to 14x over 4 years, which sounds modest until you frame it correctly.

That is the scenario where Ripple just keeps doing what it is already doing, expanding institutional payment rails, attracting steady capital into XRP-related financial products, and riding the regulatory clarity that has been slowly materializing.
No moonshot assumptions required, just execution and adoption continuing at the current pace.
The bull case at $25 to $40 is where the story gets genuinely interesting. That range implies XRP has crossed the threshold from promising network to critical global infrastructure, embedded into cross-border settlement, tokenization flows, and liquidity management at a scale that commands a serious premium.
It also assumes the broader crypto market is several times larger than today, which is not a stretch for a 4-year horizon if institutional adoption keeps compounding.
The bear case at $2 to $5 is the scenario in which stablecoins, CBDCs, or competing payment networks eat XRP’s lunch despite its brand strength, capturing the market it is targeting before it can fully claim it.
XRP Price Prediction: The Weekly Chart Has A Story To Tell Too
Pull up the weekly, and the first thing that hits you is the sheer scale of what happened in late 2024. XRP launched from under $0.70 and ran to $3.84 in a matter of weeks, one of the most violent altcoin moves in recent memory.
What followed was an equally persistent grind back down, and the weekly chart now shows price at $1.24, sitting just above the pre-breakout consolidation zone that held for most of 2023 and early 2024.
That context matters for the 2030 thesis. XRP has already proven it can reprice dramatically when conditions align.
The question ChatGPT is really asking is whether the next reprice is driven by the same speculative frenzy or by something more durable underneath.
The $1.00 to $1.30 region is now the critical zone, a range that served as resistance for years before the 2024 breakout and now sits as long-term support.
Lose it on a weekly close, and the setup gets complicated. Hold it, and you have a base that serious infrastructure tends to build from.
The RSI on the weekly is at 36.02 with the signal line just below at 35.11, nearly flat against each other, with the gap barely over 1 point.
That tight convergence after a long drift lower tells you momentum has stopped declining but has not yet found a reason to accelerate upward. It is the RSI equivalent of a held breath, compressed and waiting for a catalyst.
Given that ChatGPT’s whole argument rests on measurable adoption and institutional flows rather than hype, that compressed momentum makes sense. The chart is not pricing in $10 yet. It is simply stopping the bleeding and asking what comes next.
Here is What ChatGPT AI Predicts For LiquidChain Near Future, Could be Very Bullish
Large-cap traders are not positioning. They are standing in line.
Bitcoin, Ethereum, and XRP have been pressing against the same ceilings for weeks. The catalyst is always one print away. The institutional inflows are always next quarter. Every breakout depends on a decision made by someone else.
Early-stage infrastructure plays by different rules. Capital that disappears as noise at Bitcoin’s scale moves an undiscovered project by multiples. The return lives in the gap between what something is genuinely worth and what the market has priced it at. That gap closes the moment the project gets found.
Cross-chain fragmentation has been bleeding DeFi since the first bridge launched. Bitcoin, Ethereum, and Solana were built as separate systems with no intent to interoperate. Every transaction crossing those boundaries pays for that in fees, slippage, and failed execution. Bridges were supposed to fix it. They became the toll booth.
LiquidChain removes the toll booth entirely. Three networks inside one execution layer. One deployment. No cross-chain tax.
Copilot AI flagged it as worth watching. The presale is at $0.01454 with just over $835,000 raised.
Execution is unproven. Adoption is unknown. Established assets offer a predictable ride toward a ceiling that is already visible. LiquidChain is an entry point that disappears once the market finds it.
Explore the LiquidChain Presale
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Crypto World
Hyperliquid (HYPE) Soars 12% in a Day: More Gains Ahead or a Bull Trap?
Nearly all of the top 100 cryptocurrencies have recorded substantial gains over the last 24 hours, boosted by news of the peace deal between the United States and Iran.
Hyperliquid (HYPE) stands out among the top performers, with its price spiking by 12%. Some analysts believe it may jump even more in the following days, while others cautioned that the bears may soon regain control.
Going Higher?
In early June (when the broader crypto market was bleeding heavily), HYPE exploded to an all-time high of around $75. However, the historic peak was short-lived, and the price headed south to around $53 in the following days, influenced by bearish factors such as Arthur Hayes’s decision to dump all his positions in the asset.
Currently, though, the asset trades at around $68, representing a 28% increase from the local bottom. Moreover, its market capitalization has surged past $15 billion, and thus HYPE re-entered crypto’s elite top 10 club after surpassing the OG meme coin Dogecoin (DOGE).
According to some analysts, the recent pump to almost $70 simply marks the early stages of a much larger upward move. X user Cozy the Caller thinks that HYPE “just goes straight to $100 from here.”
KNIGHT and Owl Prints were also optimistic. The former projected a rise above $110 in the coming months, while the latter argued that reclaiming $64.60 (which, for the moment, seems to be the case) “opens up a clean run toward previous cycle peaks.”
The Bearish Outlook
Last week, many market observers spotted the formation of a head-and-shoulders pattern on HYPE’s chart, which has historically been a precursor to a pullback.
Several hours ago, Ali Martinez opined that the recent price action has seemingly shaped the right shoulder of that structure, labeling $65 as the key resistance level. He also warned that losing $54 could trigger a major correction down to $40.
HYPE’s current Relative Strength Index (RSI) raises the possibility of a sudden price drop. The technical analysis tool runs from 0 to 100, and ratios above 70 signal that the asset is overbought and due for a potential pullback. As of this writing, it stands at 93, showing that the valuation has surged in an unhealthy manner.

The next bearish element worth mentioning is HYPE’s exchange netflow. Over the past three days, investors have moved some of their holdings from self-custody to centralized platforms, with inflows outpacing inflows. This increases immediate selling pressure.

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Crypto World
Arthur Hayes scoops up $5.4M in Ethereum after Iran deal
Ethereum has surged nearly 6% and attracted fresh whale buying after a reported U.S.-Iran peace agreement improved risk sentiment across global markets.
Summary
- A wallet reportedly linked to Arthur Hayes received 3,000 ETH worth $5.42 million as Ethereum rallied following news of a U.S.-Iran peace agreement.
- Ethereum climbed nearly 6%, while another whale, geministar.eth, accumulated 21,136 ETH worth about $37 million from Binance.
- Technical indicators show ETH breaking above a multi-week downtrend, with analysts eyeing the $1,850-$1,860 resistance zone.
According to on-chain tracker Lookonchain, a wallet possibly linked to BitMEX co-founder Arthur Hayes received 3,000 ETH worth approximately $5.42 million from market maker Flowdesk on June 15. The transfer came as Ethereum rallied alongside other cryptocurrencies following signs that tensions in the Middle East may be easing.
The purchase follows a period in which Hayes had been reducing exposure to several altcoins. In his June 8 essay titled Reality Test, the Maelstrom chief investment officer disclosed that he had sold positions in Hyperliquid, Near Protocol, Worldcoin, and Zcash.
Hayes described the moves as a defensive response to macroeconomic risks rather than a rejection of those projects, while noting that Bitcoin and Ethereum remained among his core holdings.
Ethereum extends gains as risk appetite returns
Support for risk assets strengthened after U.S. President Donald Trump announced that a peace deal with Iran had been completed. Trump said shipping traffic through the Strait of Hormuz had resumed and that vessels carrying oil were once again moving through what he described as a secure route.
The development triggered a sharp decline in energy prices. Crude oil fell more than 5% to around $80.53 per barrel, easing concerns that disruptions in one of the world’s most important energy corridors could fuel inflation and weigh on financial markets.
Ethereum responded strongly to the change in sentiment. At press time, ETH traded near $1,828 after climbing almost 6% over the previous 24 hours. The move pushed the asset to its highest level in more than a week and helped it outperform several major cryptocurrencies during Monday’s session.
Large investors appeared to be adding exposure during the rally. Separate data shared by Lookonchain showed that wallet address geministar.eth purchased 21,136 ETH worth roughly $37.05 million from Binance through a series of transactions on June 15.
Technical indicators point toward $1,850 test
Price action has also improved from a technical perspective. On the daily chart, Ethereum has broken above a descending trendline that had capped rallies since late April. The move places ETH above the upper boundary of a bearish flag structure that had formed during the decline from roughly $2,400.

Momentum indicators have started to recover as well. The daily MACD has produced a bullish crossover, while the Chaikin Money Flow indicator has been moving higher, signaling that selling pressure is fading.
Additional upside could depend on whether Ethereum clears a key resistance zone near the 0.618 Fibonacci retracement level around $1,858. A successful move above that area would strengthen the argument that the recent breakout is invalidating the bearish flag pattern rather than confirming it.
Meanwhile, crypto analyst Ali Martinez pointed to a potential ascending triangle breakout on Ethereum’s four-hour chart. According to Martinez, confirmation of the pattern projects a move toward $1,850, placing the target almost directly in line with the resistance area currently being tested.
Even before the latest purchase, Hayes had maintained an optimistic outlook on Ethereum. In a June market thesis, he projected that ETH could reach between $10,000 and $20,000 before the current market cycle ends, citing expected liquidity growth and Ethereum’s position within decentralized finance.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto World
3 Meme Coins to Watch in the Third Week of June 2026
Most of the crypto sector climbed over the past seven days, yet meme coins slipped 1.1% and split beneath the surface. That divergence is where the meme coins to watch are hiding.
On-chain positioning now tells a sharper story than price. One token is cooling from a record high, another shows whales accumulating then booking profit, and a third has smart money buying the dip whales are selling.
BinanceLife (币安人生)
BinanceLife, known in Chinese as 币安人生, is interesting precisely because its timeframes disagree. The token is up more than 73% over 30 days, down about 12% on the week, yet up roughly 4% on the day. That conflict captures a meme coin still trending up but fighting heavy short-term volatility.
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It draws its entire narrative from the shared name with CZ’s memoir, with no utility or roadmap behind it. That makes positioning, not fundamentals, the only real guide to where it goes next.
The flows split sharply. Exchange outflows hit $1.2 million over seven days, a classic accumulation pattern as tokens leave exchanges for private wallets. Top profit-taking traders added $910,000 across 25 proven wallets. That is the bullish core.
The risk sits opposite. Multiple whales trimmed positions, one mega-holder sold 356 million tokens, and the top two wallets control roughly 63% of supply. Concentration is the hazard to watch.
The chart frames the next move. After topping near $0.90 on June 7, BinanceLife has corrected inside a descending channel, and its latest push higher was met by sellers (possibly whales) at the channel top. The 20-period exponential moving average, a trend gauge that weights recent prices, sits near $0.68. Holding it keeps $0.69 and then $0.73 in play, and a break above $0.73 would end the bearishness and open a move toward $0.80.
Losing $0.68 puts $0.63 in focus. That level decides whether accumulation or distribution wins.
Pepe (PEPE)
Pepe earns its spot among the meme coins to watch on a clean conflict between whale accumulation and profit-taking. The token is up about 5.2% over seven days and 2.8% on the day, a steady climb that is now drawing sellers.
The on-chain story is the hook. Whale supply, the share held by the largest wallets with exchanges excluded, jumped sharply on June 14, rising from roughly 181 trillion to about 183.6 trillion tokens. That addition is worth close to $7.5 million at current prices, a clear accumulation spike.
Then it turned. Whales have started trimming that fresh stash, easing back toward 183 trillion as the price pushed higher. That sequence, buying hard and then booking profit into strength, is the pattern that defines the week. How deep the profit-taking runs is the question.
The chart sharpens it. Pepe has rebounded almost 17% from its June 6 low near $0.00000252, but volume has thinned steadily since June 12 even as price climbed. Falling volume on a rising price is a bearish divergence, a sign buyers are losing force into resistance.
That resistance sits at $0.00000300, the level where whale selling could cap the move. A daily close above it would show buyers absorbing the distribution, opening a path toward $0.00000331. Failing there hands control back to the sellers trimming their stash. That tug-of-war is what makes Pepe one of the meme coins to watch.
Official Trump (TRUMP)
Official Trump is the macro-sensitive name among the meme coins to watch, tied closely to the US-Iran peace-deal narrative that has driven sentiment since early June. If that deal weakens, TRUMP could see a sharp sentiment swing, which makes its positioning worth tracking now.
The token has been hammered, trading near $1.99 against the $4.50 high it reached in March. A rebound stalled near $2.38, but selling pressure is now easing, which hints the next pullback may be shallower if flows cooperate.
The flows are split but lean constructive. On Hyperliquid perpetual futures, smart traders hold a roughly 3-to-1 long bias and top profit-taking traders added $158,000 over seven days, an inflow running far above their average. That is aggressive accumulation from historically winning wallets.
The offset is whale behavior. Whales cut about $393,000 over the week and one large holder shed 417,000 tokens, while exchange inflows of $457,000 hint at sell pressure. Smart money is buying the dip that whales are selling into.
The chart sets the test. Reclaiming $2.20 keeps the recovery alive, and if smart money holds while whales stay sidelined, $2.64 and $2.99 come into view.
Only a break above $3.35 would end the broader downtrend, which looks distant. If smart money flips to selling alongside the whales, $1.49 returns to the table. That balance makes Official Trump one to watch.
The post 3 Meme Coins to Watch in the Third Week of June 2026 appeared first on BeInCrypto.
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