Pyth Network is drawing renewed attention after a recent thread from market commentator Whale Factor outlined the project’s push into institutional financial data. 

The discussion comes as PYTH trades near $0.039 after rebounding from its June low, while investors assess whether growing adoption can offset supply concerns.

The project has traditionally operated as a blockchain oracle network, providing price data to decentralized applications. More recently, Pyth has expanded into institutional market data services, a move that places it in competition with established financial information providers.

Pyth expands beyond crypto data services

Pyth’s core business centers on supplying real-time market data to blockchain applications. Unlike many oracle networks that aggregate information from external APIs, Pyth receives data directly from exchanges, trading firms, and market makers.

According to Whale Factor, firms including Jane Street, Cboe, Jump Trading, and Virtu are among the contributors publishing pricing information through the network. The model aims to reduce latency and improve data quality for decentralized finance applications.

The project has also expanded the range of information available through its network. In addition to cryptocurrency prices, Pyth now distributes data covering equities, foreign exchange markets, commodities, and macroeconomic indicators.

Institutional products become a growth focus

The network’s recent strategy shift has focused on institutional clients rather than solely decentralized finance users. The launch of the Pyth Data Marketplace introduced a platform where institutions can distribute proprietary market information while retaining control over monetization.

According to the post, organizations including Fidelity, Euronext, and Tradeweb have joined the initiative. The platform is designed to support data products such as foreign exchange pricing, precious metals data, and ETF valuation information.

Another product, Pyth Pro, provides subscription-based access to premium market feeds. Whale Factor stated that the service surpassed $1 million in annual recurring revenue shortly after launch. Enterprise clientsreportedly include Kalshi, a regulated U.S. prediction market platform.

As previously reported by crypto.news, institutional demand for blockchain-based financial infrastructure has continued to grow as tokenization and real-world asset projects expand. Oracle networks are expected to play a key role in supplying reliable external data to these systems.

PYTH price stabilizes after prolonged decline

Despite operational growth, PYTH remains far below its historical peak. The token trades around $0.0388, according to crypto.news market data. The asset is still down more than 96% from its March 2024 all-time high near $1.20.

Technical indicators suggest selling pressure has eased. The daily chart continues to show a long-term bearish structure, though price action has shifted into consolidation near recent lows.

Bollinger Bands have narrowed, indicating reduced volatility. Price currently trades slightly above the middle band, reflecting a neutral short-term trend. The Bull Bear Power indicator has turned modestly positive, suggesting buyers hold a slight advantage, although momentum remains weak.

Trading volume has also declined compared with earlier periods. That pattern indicates investors remain cautious while waiting for stronger confirmation of a directional move.

Token unlocks remain a major consideration

While institutional adoption has become a central part of the Pyth investment narrative, future token supply remains an important factor for market participants.

The network has a maximum supply of 10 billion PYTH tokens, with approximately 7.87 billion currently in circulation. According to Whale Factor, roughly 21% of total supply remains locked and is scheduled for future release.

Market participants continue to monitor how upcoming unlocks could affect price performance. Previous unlock events coincided with periods of weakness, increasing concerns that additional supply may create selling pressure if demand growth fails to keep pace.

For now, investors are weighing two competing trends. On one side are expanding enterprise products, recurring revenue, and institutional partnerships. On the other are token supply increases and a market that remains well below previous cycle highs.

The next phase for PYTH may depend on whether growing adoption of its data products translates into sustained demand for the token itself. Until then, the asset remains in a consolidation phase as traders watch for a breakout above resistance or a retest of recent lows.

XRP exchange-traded products continued to attract investor capital for a fifth consecutive week, even as Bitcoin and Ethereum funds recorded net outflows.

The latest fund flow data showed XRP-linked products brought in about $10.68 million during the week ended June 12. The inflows came as broader crypto markets remained under pressure from risk-off sentiment and continued uncertainty around global macroeconomic conditions.

XRP fund inflows remain positive

According to the latest ETF flow figures, XRP products added more than $10 million during the past week. The result extended a streak that has seen XRP outperform larger digital assets in terms of weekly net fund flows.

The inflow follows several weeks of positive demand. XRP products recorded approximately $60.5 million in inflows during the week of May 15, followed by $22.04 million during the week of May 22 and $15.2 million during the week of May 29. The week ending June 5 added another $2.62 million.

The cumulative total net inflow has now reached roughly $1.44 billion. At the same time, total net assets stand near $978.86 million, while weekly trading activity exceeded $61 million.

Bitcoin and Ethereum funds face outflows

The positive XRP performance came while competing crypto investment products experienced withdrawals.

Bitcoin products posted approximately $319 million in weekly outflows. Ethereum investment products also ended the week in negative territory with about $15 million in net withdrawals. Solana funds recorded roughly $4 million in outflows.

As previously reported by crypto.news, Bitcoin ETFs have faced persistent selling pressure in recent weeks as investors reduced exposure to risk assets. Recent coverage also noted that geopolitical uncertainty and weaker market sentiment have weighed on digital asset funds.

The contrast between XRP inflows and Bitcoin outflows has renewed attention on institutional demand for Ripple’s token despite broader market weakness.

XRP technical signals show mixed picture

XRP traded at about $1.15 on June 14, according to crypto.news price data. The token gained roughly 1.65% during the past week but remained down more than 22% over the previous month.

In a June 11 X thread, crypto analyst Ali Martinez said the TD Sequential indicator had printed a buy signal for XRP on the three-day timeframe.He said the setup has historically signaled a short-term rebound lasting between one and four candlesticks.

“A new buy signal has emerged on XRP,” Martinez wrote. However, he added that the signal may only support a temporary recovery rather than a broader trend reversal.

The analyst noted that whale activity on the XRP network has fallen sharply. According to data cited by Martinez, transactions worth more than $1 million declined by 57.3% over recent weeks.

Analysts focus on whale activity and long-term cycles

Martinez also said active whales have distributed roughly 60 million XRP during the past week. The selling activity suggests large holders have not yet started accumulating aggressively despite recent price weakness.

He identified the $0.90 area as a potential long-term accumulation zone. According to Martinez, the level aligns with a multi-year rising trendline that has acted as support for several years.

Another analyst, ChartNerd, focused on XRP’s historical market cycles. He noted that previous cycle highs have often been separated by three to five years. “Data does not lie,” he wrote while cautioning investors against relying on unrealistic price targets.

XRP recently received another boost to its institutional adoption narrative after the U.S. Securities and Exchange Commission approved a rule change allowing a new actively managed crypto ETF to include XRP alongside Bitcoin and Ethereum.

For now, XRP sits between improving institutional demand and cautious on-chain signals. ETF inflows continue to support the asset’s adoption story, while whale activity and broader market conditions remain important indicators for the next phase of price action.

U.S. President Donald Trump says a deal to end hostilities between the United States and Iran is scheduled to be signed on Sunday, and that immediately afterward the Strait of Hormuz would be “OPEN TO ALL.” The announcement comes despite earlier caution from Iranian officials about the timing, underscoring how closely markets are watching the next steps in a geopolitical standoff that has already roiled energy flows.

Pakistan, which has been mediating the talks, indicated that an agreement could be reached within 24 hours and that preparations are underway for electronic signing following the finalization. Analysts argue that any credible de-escalation—especially one tied to reopened shipping lanes—could feed into improved sentiment for broader risk assets, including Bitcoin and exchange-traded products.

Key takeaways

• Trump claims Sunday will be the signing date and says the Strait of Hormuz would reopen to all immediately afterward.
• Iranian officials have not confirmed the Sunday timeline, with the foreign ministry spokesperson saying it would not be “tomorrow” and could occur “in the coming days.”
• Pakistan’s mediation role suggests a 24-hour window and preparation for electronic signing, followed by technical discussions next week.
• The conflict has already disrupted global energy supply estimates, a development that has contributed to market-wide risk aversion affecting crypto for months.
• Crypto strategists link expectations of a peace breakthrough with potential relief in Bitcoin and ETF-related demand, contrasting with recent ETF outflows.

Trump’s Sunday signing claim meets uncertainty from Tehran

On Saturday, Trump posted on Truth Social that the memorandum of understanding is “scheduled to get signed tomorrow,” adding that “immediately after it is signed, the Hormuz Strait is OPEN TO ALL.” His statement indicates a rapid pivot from ceasefire management toward a broader reopening of one of the world’s most strategically important shipping corridors.

However, the timeline is not uniformly accepted across the negotiations. Iran has not confirmed the Sunday signing. Earlier statements from Iran’s Foreign Ministry spokesperson Esmaeil Baghaei, carried by state media, suggested the memorandum would not be signed on Sunday and instead could happen “in the coming days.” In those remarks, Baghaei indicated that an exact date would need to be clarified, explicitly pushing back against “tomorrow” as the signing day.

For markets, the disagreement itself matters. When a diplomatic timeline is disputed—particularly one that implies potential easing in energy risk—traders often remain cautious, pricing in both the possibility of a quick resolution and the chance of further delay.

Pakistan signals a 24-hour path to agreement

Pakistan’s Prime Minister Shehbaz Sharif also weighed in, saying on X that the region is “closer to a peace deal than ever before.” Sharif stated that finalisation is likely within the next 24 hours and that Pakistan is preparing for electronic signing immediately afterward, followed by technical-level talks next week.

That message is consistent with the mediation posture Pakistan has reportedly taken in the process: offering a near-term cadence for decision-making while keeping the next round of talks in view. Still, with Iran signaling that Sunday might not be accurate, investors have reason to watch whether the signing occurs on schedule—or whether the parties move the date further into the “coming days” window referenced by Baghaei.

Why Hormuz and ceasefire terms matter to crypto sentiment

The anticipated memorandum is expected to extend the ceasefire between the United States and Iran for 60 days and reopen the Strait of Hormuz. While the immediate subject is maritime access and de-escalation, the market impact is broader: disruptions related to the conflict have been widely described as constraining energy supply.

According to the article’s framing, the naval blockade has choked around 20% of the world’s oil and liquefied natural gas supply, contributing to higher global asset prices and a sentiment shock that has pressured crypto markets for months. Even if crypto’s move is not a direct function of shipping lanes alone, the linkage typically works through risk appetite—higher uncertainty can translate into lower willingness to hold volatile assets, while credible de-escalation can do the opposite.

In that sense, a signing date is more than a diplomatic milestone. It serves as an observable signal that the conflict risk premium may begin to unwind, potentially affecting liquidity conditions across financial markets.

Analysts eye relief in Bitcoin and ETF flows after de-escalation

Crypto analyst Michaël van de Poppe said a peace deal between Iran and the U.S. would likely trigger a surge in Bitcoin, along with positive ETF flows. He suggested that liquidity would rotate back toward “risk-on” assets, adding that a portion of that renewed liquidity could flow toward crypto following other major market events.

At the same time, recent Bitcoin fund flow data points to caution. Spot Bitcoin ETFs recorded about $315.84 million in net outflows for the week ended Friday, according to SoSoValue’s ETF tracking. That week’s results also marked the fifth consecutive week of outflows for Bitcoin-linked crypto funds mentioned in the source.

CoinShares head of research James Butterfill previously told Cointelegraph that pressure on digital asset investment products was being driven largely by geopolitics. He linked the uncertainty around the Iran conflict to pressure on interest-rate expectations—an important bridge between macro conditions and investor behavior in risk assets, including crypto.

As of the time of writing, Bitcoin was trading at $64,491 and up 1.5% over the prior 24 hours, according to the provided snapshot.

Taken together, the current setup is a familiar pattern: traders look for catalysts that can shift global risk sentiment, while recent ETF outflows highlight that positioning has been cautious. If the Sunday signing happens as Trump says—and if subsequent steps confirm Hormuz reopening—market narratives could shift quickly. If the signing is delayed again, expectations may reset and the relief bid could stall.

Readers should focus on the key next milestones: whether the memorandum is actually signed on Sunday, whether Iran further clarifies the date, and what follow-through signals emerge regarding Hormuz access. Those specifics will determine whether “de-escalation” becomes a sustained market theme—or remains a headline-driven hope.

U.S. President Donald Trump said a peace deal with Iran could be signed on Sunday, setting up a direct clash with Tehran over the timing of the agreement.

The claim drew attention across crypto markets because the draft deal is expected to reopen the Strait of Hormuz. Traders are watching whether lower energy stress could send capital back into Bitcoin and other risk assets.

“The Deal is scheduled to get signed tomorrow,” Trump wrote on Truth Social on Saturday. He added that the “Hormuz Strait is OPEN TO ALL” immediately after the signing.

Pakistan also signaled that talks had moved close to a deal. Prime Minister Shehbaz Sharif said the final text had been reached and that an electronic signing could happen within 24 hours.

Tehran disputes the timeline

Iran has not confirmed Trump’s Sunday schedule. Foreign Ministry spokesperson Esmaeil Baghaei told state media that the memorandum would not be signed on Sunday, but could still move forward later.

“We will have to wait and see about the exact date,” Baghaei said, adding that “it will not be tomorrow.” His statement kept uncertainty in place even as mediators pointed to progress.

Hormuz reopening remains central

The Strait of Hormuz is one of the world’s most important energy routes. U.S. Energy Information Administration data showed that about 20% of global petroleum liquids consumption moved through the passage in 2024.

A reopening would matter for oil, LNG, inflation expectations, and risk appetite. Higher energy costs have weighed on global markets for months and have added pressure to crypto during periods of ETF outflows.

Bitcoin traders watch risk demand

Crypto analyst Michaël van de Poppe said a confirmed peace deal could support Bitcoin and other risk assets. “Liquidity will pour back into risk-on assets,” he wrote, adding that crypto could benefit after the SpaceX IPO absorbed attention.

Bitcoin traded near $64,213 on Sunday, after rising about 0.8% over the previous close, per crypto.news market data. Spot Bitcoin ETFs also remained under watch after about $315.84 million in weekly net outflows, according to SoSoValue data

As previously reported by crypto.news, recent market updates tied Bitcoin’s weakness to ETF withdrawals, U.S.-Iran tension, and the competition for capital created by the SpaceX offering. Separate reporting cited Galaxy Research, which said only four of 13 Bitcoin bottom signals had triggered.

Galaxy’s base case placed a possible BTC floor between $40,000 and $46,000 by late 2026. That outlook keeps traders cautious, even as peace deal hopes raise the chance of a short-term relief move.

The next market reaction may depend on whether the U.S., Iran, and Pakistan confirm the same signing timeline. Until then, Bitcoin remains tied to headlines from Hormuz, ETF demand, and wider investor appetite for risk. 

A signed deal may ease one source of pressure, but traders still need stronger fund flows before calling a durable recovery. Oil prices and ETF data will be the next checkpoints for short-term crypto positioning.

India’s crypto tax checks have become stricter after the Income Tax Department issued more than 44,000 notices linked to virtual digital asset filings.

The department found more than Rs 888 crore, or about $104 million, in undisclosed VDA income, according to The Economic Times. The figures show how tax officials are using exchange data, TDS filings, and investor returns to track mismatches.

India keeps 30% VDA tax in place

India’s core crypto tax rules remain unchanged for FY 2025-26. Gains from virtual digital assets are taxed at a flat 30%, while eligible transfers face a 1% tax deducted at source.

The Income Tax Department says VDA income is taxed without deductions, except the cost of acquisition. Losses from one crypto asset also cannot be used to reduce gains from another asset.

Schedule VDA becomes a key filing test

Investors must use ITR-2 when reporting crypto as capital gains. Those treating crypto trading as business income must use ITR-3. Both forms include Schedule VDA for detailed transaction reporting.

Schedule VDA does not allow investors to report only net gains. Each trade, swap, disposal, and taxable transfer must be entered separately. A crypto-to-crypto swap can also create a taxable event.

Exchange data raises mismatch risks

Budget 2026 added tighter reporting duties for exchanges, custodians, and wallet providers. These entities must send user-level transaction data to the Income Tax Department.

That data allows the department to compare investor filings with exchange records. A mismatch between Schedule VDA, Form 26AS, TDS records, and exchange reports can trigger a notice.

Offshore holdings face closer review

The compliance net may widen further from 2027. India is aligning with the OECD Crypto-Asset Reporting Framework, which supports cross-border sharing of crypto account data.

As previously reported by crypto.news, India has already moved toward tighter digital-asset oversight. Recent rules require platforms to submit user-level transaction data, while overseas crypto holdings may become easier for authorities to trace.

The latest notices show that crypto tax filing in India has moved beyond self-reporting alone. Investors who used multiple exchanges, DeFi platforms, or offshore accounts now face a higher burden to keep full records.

The filing risk is not limited to large traders. Missing staking income, airdrops, wallet transfers, or TDS reconciliation can create questions during review. The department’s message is clear: crypto investors must file accurately before enforcement reaches them.