Crypto World
Quasimodo Pattern in Trading | Market Pulse
The Quasimodo pattern is a reversal structure that closely resembles the Head and Shoulders. Many traders overlook it or mistake it for its more popular counterpart in price action trading. The QM pattern has distinct entry, stop-loss, and take-profit rules that set it apart. This article covers its structure, the methods used to confirm signals, and the execution rules.
Quasimodo Pattern Structure Explained
The Quasimodo pattern is a reversal chart structure that forms at the end of a trend. The QM pattern relies on a failed continuation. Price prints a higher high (or lower low) in line with the trend. Then it reverses and breaks the prior swing in the opposite direction. This break invalidates the previous structure and signals exhaustion. QM pattern trading suits any timeframe. A Quasimodo trading strategy may be used across forex, stock, and commodity charts.
The pattern has two variants:
- Bearish Quasimodo: appears after an uptrend and signals a potential downtrend.
- Bullish Quasimodo (inverse): appears after a downtrend and signals a potential uptrend.
Bearish and Bullish QM Structure
A bearish QM occurs at the end of an uptrend and signals the formation of a new downtrend. It consists of three peaks (a head in the middle and two shoulders at the sides) and two troughs. The second peak (head) is the highest, and the second trough is the lowest.
A bearish QM reversal pattern forms in six moves:
- Price prints a left shoulder high, then pulls back to the first trough.
- It pushes to a higher high (the head), then pulls back below that trough.
- Price rallies to a right shoulder lower than the head.
- The lower low between head and right shoulder breaks bullish structure.
- Price moves downward from the right shoulder.
- Failure to retake the head confirms sellers have taken over.
A bullish (inverse) Quasimodo occurs at the end of a downtrend and signals a potential uptrend. It consists of three lows (a head in the middle and two shoulders at the sides) and two tops, where the second trough (head) is the lowest and the second top is the highest.
A bullish QM forms in six moves:
- Price prints a left shoulder low, then rallies to the first peak.
- It pushes to a lower low (the head), then rallies above that peak.
- Price pulls back to a higher low (right shoulder).
- The higher high between head and right shoulder breaks bearish structure.
- Price reverses upward with the right shoulder.
- Failure to retake the head’s low confirms buyers have taken over.
Market Structure Behind the QM Pattern
The QM pattern reflects a specific shift in market structure. Price extends the prevailing trend by sweeping the prior swing high or low. This sweep often triggers stops and absorbs liquidity sitting above old highs or below old lows.
Buyers (or sellers) fail to push price further. The market then reverses and breaks the opposite swing, invalidating the trend’s structure. This failed continuation is what gives the QM its reversal signal.
In terms of reliability, the Quasimodo pattern is considered useful for identifying trend reversals, particularly when supported by other technical indicators like the RSI or MACD. Unlike more common patterns, the QM pattern provides distinct entry and exit points.
Its reliability might increase in strongly trending markets, where the previous trend is well-defined, and the pattern clearly indicates a reversal. CME Group’s reference on reversal chart patterns notes that confirmation through volume or follow-through movement strengthens any reversal signal.
QM Pattern Trading Strategy Rules
The Quasimodo trading strategy defines four execution components tied to pattern structure:
- Entry: a position is typically opened as the right shoulder forms, after price reverses from the head’s extreme.
- Stop-loss: placed just beyond the head, since a move through that level invalidates the structure.
- Take-profit: set at the second trough (bearish) or second peak (bullish), which marks the prior swing the pattern broke.
- Invalidation: price closing beyond the head, or failing to reverse from the right shoulder area, cancels the setup.
Risk-to-reward depends on shoulder placement. A right shoulder formed close to the second trough (or peak) shortens the take-profit distance and may produce a 1:1 ratio or worse. A shoulder formed further away can deliver 1:2 or 1:3. In a QM entry strategy, traders often filter setups by the structural geometry rather than entering every formation.
Entry and Risk Parameters
The table below summarises the QM pattern entry and stop loss logic for both directions:
Variations and Execution Adjustments
Any theory is always based on perfect conditions, but the actual market often differs. For example, on the chart below, the take-profit target (1) is three times smaller than the stop-loss level (2). In such cases, standard rules don’t work.
In this particular case, we would avoid trading as the risk/reward ratio is negative and potential loss is twice potential profit.
Distorted Quasimodo forex structures often appear in three forms:
- Asymmetric shoulders, where the right shoulder sits far closer to the head than the left, leaving little room for a meaningful take-profit.
- A shallow head break, where price only marginally clears the prior swing before reversing, which weakens the liquidity sweep logic.
- A sloped or skewed neckline, where the troughs (or peaks) sit at very different levels, blurring the pattern boundary.
A setup is often avoided when:
- The risk-to-reward ratio falls below 1:1 after measuring entry to head and entry to the second swing.
- The prior trend is weak or choppy, since the pattern relies on a defined trend to reverse.
- Higher-timeframe structure conflicts with the QM pattern trading direction, such as a bearish QM forming inside a strong daily uptrend.
- Confirmation tools fail to align with the reversal signal.
Quasimodo vs Head and Shoulders
The QM and the Head and Shoulders are reversal patterns. They look similar but still differ and provide different entry/exit points. Take a look at the image below.
The bearish Head and Shoulders also has three maximums and two minimums, where the second peak (head) is the highest. However, the second trough is at the same level as the first one. This is the difference between the QM and the Head and Shoulders patterns.
The inverse Head and Shoulders consists of three lows and two peaks, where the second trough (head) is the lowest, and the second top is at the same level as the first.
To make it easier, draw a line, a so-called ‘neckline’, through the two troughs in a bearish formation and the two maximums in a bullish one. If the neckline is horizontal, it’s the Head and Shoulders. If it’s angled, it’s the Quasimodo.
The table below highlights the structural and execution differences:
The practical effect of these structural differences:
- When trading the bearish QM pattern, you are supposed to go short on the right shoulder. In the Head and Shoulders, you would wait for the price to break below the neckline after the right shoulder.
- In the inverse QM, you enter the trade at the third trough (right shoulder). But when trading on the inverse head-and-shoulders formation, the common rule is to enter the market not on the second shoulder but after the price breaks above the neckline.
QM Pattern Confirmation Method
Although patterns are reliable technical analysis tools, they must be validated.
Confirmation works in a priority order. Price structure comes first: the head must clearly break the prior swing, and the right shoulder must form below (or above) it. Divergence on RSI or MACD comes second, strengthening the signal where momentum disagrees with price. A moving average crossover near the right shoulder comes third, acting as a trend-bias filter.
Timing matters as much as the signal itself. Confirmation that prints before or at the right shoulder is treated as proactive. A signal that appears only after the right shoulder reverses adds weight but reduces the entry window.
Divergence
RSI and MACD signal a trend reversal in several ways, but the divergence method is the most dependable.
- Regular Bullish Divergence: When the price creates lower lows, but the indicator forms higher lows, it suggests the market might be poised for an upward turn.
- Regular Bearish Divergence: When the price reaches higher highs, but the indicator forms lower highs, it indicates a potential market decline.
The chart above shows a regular bullish divergence between the price chart and the RSI indicator. As the RSI formed a higher low and left the oversold area, you can anticipate a price reversal. Once the second shoulder of the Quasimodo appears, the market creates conditions for a buy trade.
Divergence strengthens a QM signal when it prints between the head and the right shoulder, on the same timeframe as the pattern. It weakens when:
- The divergence appears on a lower timeframe but is absent on the pattern’s own timeframe.
- The indicator extreme is shallow (e.g., RSI barely leaves overbought or oversold).
- Momentum aligns with the prior trend instead of disagreeing with it.
Moving Averages
A simple moving average is widely used to confirm a trend reversal. You will need two MAs with different periods, depending on the timeframe you trade on. 50-, 100-, and 200-period MAs are typically used on high timeframes, while 9-, 12-, and 21-period MAs are more popular on shorter-term periods.
Let’s look at the 4-hour chart of the EUR/USD pair. The price formed an inverse QM. When the second bottom appeared on the chart, a 9-hour MA crossed the 21-hour MA from bottom to top (1). It’s a so-called golden cross that signals an upward movement. As the cross occurred before the price formed the third bottom of the QM, you could open a buy trade at the second shoulder with a strong confirmation.
MA periods should align with the trade’s timeframe. A QM on the 4-hour chart pairs naturally with a 9 and 21 MA, since those react fast enough to confirm the right shoulder. A daily QM calls for 50 and 200 MAs, which filter noise and reflect institutional trend bias.
Using short MAs on a high-timeframe QM produces too many crossovers and weakens the confirmation. Using long MAs on a short-timeframe QM lags the entry and may miss the reversal entirely.
If you want to practice spotting the QM pattern, you may consider using FXOpen’s TickTrader trading platform.
Execution Conditions for QM Pattern
Before executing a Quasimodo trading strategy, traders typically run through a checklist that combines pattern validity, confirmation, and risk control:
Pattern validity:
- The prior trend is clearly defined, not choppy or sideways.
- The head breaks the prior swing decisively, not by a few pips.
- The right shoulder sits below the head (bearish) or above the head (bullish), not at the same level.
Confirmation:
- At least one confirmation tool aligns with the reversal direction — divergence, MA crossover, or a clean reversal candle at the right shoulder.
- Higher-timeframe structure does not contradict the trade direction.
Risk control:
- Stop loss sits just beyond the head, with the distance accepted before entry.
- Risk-to-reward measures at least 1:1, with 1:2 or better preferred, after accounting for the take-profit at the prior swing.
- Position size respects the wider risk management plan, with potentially no more than 1–2% of account capital exposed per trade.
Additional reminders:
- Don’t confuse bearish and bullish formations. A QM is formed at the end of an uptrend, while an inverse QM appears when the downtrend ends.
- Don’t confuse the Quasimodo trading pattern with the Head and Shoulders.
Common Execution Errors
When trading the QM pattern, traders often fall into common mistakes:
- Ignoring confirmation signals: Failing to use additional indicators, momentum indicators, to confirm the pattern can lead to premature or losing trades. Consequence: traders enter at the right shoulder before momentum confirms the reversal, often catching a continuation move against them.
- Overtrading: Trying to trade every Quasimodo pattern without considering the broader market context or trend strength can result in overtrading and losses. Consequence: capital exposure compounds across multiple weak setups, eroding the account even when individual trades look reasonable in isolation.
- Neglecting market conditions: Not accounting for low volatility or trading during choppy market conditions can reduce the pattern’s reliability. Consequence: the QM relies on directional follow-through. In a range, price often returns to the head and triggers the stop-loss before reaching the take-profit.
- Misjudging pattern completeness: Entering trades before the second swing fully forms may result in false signals and unexpected reversals. Consequence: the right shoulder may extend past the head, invalidating the structure mid-trade and forcing an exit at the stop-loss.
- Improper position sizing: Failing to adjust position sizes based on market conditions or pattern strength can lead to excessive risk. Consequence: a single failed QM can wipe out the gains from several successful setups when sizing ignores the stop-loss distance.
Summary
The QM pattern is a reversal structure built on a failed continuation followed by a break of prior swing. Its execution rules tie entries to the right shoulder, stops to the head, and targets to the broken swing.
Confirmation through price structure, divergence, and moving average alignment strengthens the signal but does not replace it. A Quasimodo trading strategy is considered to work when the prior trend is well-defined and risk-to-reward measures at least 1:1.
Traders interested in applying these execution rules can open a trading account at FXOpen to test the QM pattern across forex and CFDs on stocks, indices, and commodities.
FAQ
What Does Quasimodo Mean in Trading?
In trading, the Quasimodo definition refers to a reversal pattern that signals a potential change in the trend direction. It indicates a shift from an uptrend to a downtrend (bearish Quasimodo) or a downtrend to an uptrend (bullish Quasimodo). Traders use it to identify entry and exit points.
What Is the Quasimodo Structure?
The Quasimodo consists of three peaks and two troughs in the bearish pattern and three troughs and two peaks in the bullish pattern. The middle peak or trough (head) is the most prominent, flanked by two smaller shoulders.
How May Traders Use the Quasimodo Pattern?
Traders use the Quasimodo pattern to enter trades at potential reversal points. Typically, they look to sell near the right shoulder in a bearish QM or buy near the right shoulder in a bullish QM. The invalidation level is usually set just beyond the head, while profit targets are placed at the closest swing.
What Is the Quasimodo Pattern in Crypto*?
The QM meaning in crypto* is the same as in other markets. The Quasimodo signals potential trend reversals in digital assets. The reliability of its signals often depends on market conditions and is typically confirmed with indicators like oscillators or those that reflect trends.
What Confirms a Valid Quasimodo Pattern?
Confirmation works in three layers. First, the price structure itself: the head must break the prior swing decisively, and the right shoulder must form below (or above) it. Second, momentum indicators like RSI or MACD showing divergence against price. Third, a moving average crossover that aligns with the reversal direction. A pattern with all three layers carries more weight than one supported by structure alone.
Does the Quasimodo Pattern Work on All Timeframes?
The QM pattern can form on any timeframe, but reliability tends to vary. Higher timeframes (4-hour, daily, weekly) produce fewer setups but with clearer structure and stronger follow-through. Lower timeframes (15-minute, 1-hour) produce more setups but carry more noise, more false breaks at the head, and more shallow shoulders that fail to develop. Most traders apply the pattern on medium-term timeframes.
*Important: At FXOpen UK, Cryptocurrency trading via CFDs is only available to our Professional clients. They are not available for trading by Retail clients. To find out more information about how this may affect you, please get in touch with our team.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
The Bank of England (BoE) published a policy statement and draft rules for systemic stablecoins on Monday, outlining how regulated pound-backed stablecoins would operate in the United Kingdom.
The BoE defines systemic stablecoins as those that are widely used in payments and may pose risks to the UK’s financial stability. HM Treasury is responsible for determining whether a stablecoin falls within the systemic regime.
Under the policy statement, systemic stablecoin issuers will be allowed to hold up to 70% of reserves in interest-bearing government debt, up from 60% under the previous proposal. Proposed holding limits have also been replaced with a temporary 40-billion-pound ($52.8 billion) issuance cap.
“This guardrail will be reviewed regularly and removed once risks to credit provision have been addressed,” the central bank said in a press release published on Monday.
The publication moves the UK closer to launching a dedicated regulatory framework for stablecoins, with the BoE aiming to finalize its rulebook by the end of 2026 ahead of a planned 2027 rollout.
Related: Critics tell UK Lords stablecoins are not future money
Bank shifts approach after industry feedback
The issuance guardrail replaces the holding limits proposed in the BoE’s November 2025 consultation, which would have limited individuals to 20,000 pounds per stablecoin and businesses to 10 million pounds per stablecoin.
Systemic stablecoins entail payments and retail-focused tokens. Source: Bank of England
At the time, the Bank argued the limits were needed to prevent large-scale shifts of deposits out of the banking system, which could reduce the availability of credit to households and businesses. Respondents to the consultation warned that the restrictions could limit the usability of stablecoins and create operational challenges for issuers.
The Bank said the new approach is intended to achieve the same policy objective while allowing unrestricted use by households and businesses.
The regime will apply only to stablecoins deemed systemic, while non-systemic stablecoins used mainly for crypto trading will remain under the Financial Conduct Authority’s supervision.
In May, Deputy Governor Sarah Breeden said the BoE was reconsidering its proposed holding limits and reserve requirements following feedback from digital asset companies, which argued that the restrictions could hinder adoption and make UK-issued stablecoins less competitive with dollar-backed rivals.
Peter Schiff has pushed back against Grant Cardone’s plan to combine real estate income with Bitcoin accumulation, arguing that the structure does not solve a real problem for property investors.
Summary
- Peter Schiff said real estate does not need Bitcoin because rental income can cover costs.
- Grant Cardone uses multifamily rental income to buy Bitcoin inside dedicated investment vehicles for investors.
- Cardone Capital bought 282 BTC recently, adding to a broader real estate-backed treasury strategy plan.
The gold advocate made the comments after Cardone promoted a fund model that pairs income-producing properties with BTC holdings.
“Combining real estate with Bitcoin solves nothing,” Schiff wrote on X.
He said Cardone’s argument rests on the idea that REITs need Bitcoin on their balance sheets so they can sell it later to pay for repairs and maintenance. Schiff rejected that view and said rental income already covers those ongoing costs.
Cardone fund pairs property income with BTC
Cardone Capital has been building a strategy that uses rental cash flow from multifamily properties to buy Bitcoin over time. The firm recently launched the $87.5 million 10X Space Coast Bitcoin Fund, which holds real estate and Bitcoin through a dedicated investment structure.
Cardone has argued that the model gives traditional investors exposure to Bitcoin without asking them to buy the asset directly. He has also said many investors in his Bitcoin-linked real estate funds did not previously hold crypto, making the structure a bridge between property investing and digital assets.
Meanwhile, the disagreement centers on whether Bitcoin adds value to a real estate model that already creates steady rental income. Cardone has criticized traditional real estate investment trusts because they must distribute at least 90% of taxable income to shareholders. In his view, that structure limits their ability to hold Bitcoin as a reserve asset.
Schiff disagrees with the reserve argument. He said property companies can use rental income for repairs, upkeep and maintenance instead of adding a volatile asset to the balance sheet. He also offered to debate Cardone on the topic, showing that the dispute has moved beyond a simple social media reply.
Broader Bitcoin treasury push continues
Cardone Capital has continued buying Bitcoin during market weakness. As previously reported by crypto.news, the firm bought another 282 BTC worth about $18 million as Bitcoin traded near $62,000. The purchase added to a position built through rental income from selected multifamily properties.
Moreover, as earlier reported, Cardone Capital held about 1,000 BTC after a $10 million purchase in January. The firm has targeted 3,000 BTC by the end of 2026 and 10,000 BTC over the longer term across multiple investment vehicles.
Real estate and Bitcoin remain a split topic
The debate reflects a broader split over Bitcoin treasury strategies. Supporters say Bitcoin can serve as a long-term reserve asset and may improve returns if property income funds steady purchases through market cycles.
Critics say the model adds price risk to an asset class that already has its own cash flow, debt, insurance and maintenance needs. For them, Bitcoin does not make real estate more efficient. It simply adds a new source of volatility.
Bitget, the world’s largest Universal Exchange (UEX), has launched Stock+, a new feature under its Stocks 2.0 ecosystem that enables users to purchase real US stocks directly using USDC and other digital assets. The launch marks another step toward a future where crypto and traditional financial markets operate within the same account, allowing users to move between digital assets and equities without the fragmentation that has historically separated the two worlds.
For decades, access to US equities has depended on local brokers, bank transfers, account approvals, and jurisdiction-specific infrastructure. Stock+ introduces a different model. Users can fund their accounts with digital assets, convert them into USDC, and gain exposure to publicly listed companies through a streamlined, crypto-native experience. The result is a trading environment where global markets become increasingly accessible from a single platform.
Unlike synthetic products or derivatives, Stock+ provides ownership of underlying shares executed through regulated brokers. Users are eligible for cash dividends and stock split adjustments associated with their holdings, while trading hours remain synchronized with US pre-market, regular market, and after-hours sessions.
“Bitget was among the first exchanges to bring together crypto, tokenized assets, commodities, and equities under the Universal Exchange vision. Stock+ is the next evolution of that strategy,” said Gracy Chen, CEO of Bitget. “Access is important, but ownership matters too. Giving users access to real ownership of US-listed companies is how we actually bridge financial markets. The platforms that succeed will be the ones that combine access, ownership, and flexibility in a single experience.”
Stock+ also supports inbound stock transfers from participating brokers through standard transfer processes, allowing users to consolidate existing US equity holdings within a unified portfolio environment. Combined with crypto-funded purchasing, the feature expands the ways investors can access and manage traditional financial assets through Bitget.
With Stock+, Bitget adds direct ownership of US-listed equities to its growing suite of stock market products, further advancing its vision of a Universal Exchange where crypto and traditional financial markets coexist within a single platform.
In early June 2026, Bitget announced a major 2.0 upgrade to its stock-related services, kicking off with the launch of Reality, a regulated RWA protocol, and its issued tokenized stocks (rToken). To date, Bitget has listed over 500 leading US stocks and ETFs, including SpaceX, Tesla, and NVIDIA, with the Assets Under Management (AUM) of rToken exceeding $50 million. The introduction of Stock+ marks another pivotal step in the Bitget Stocks 2.0 evolution, offering users accustomed to traditional brokerage experiences a more seamless and intuitive interface for transfers and trading.
To celebrate the launch, Stock+ trading fees start from 0.1%, with a 50% promotional discount available through August 31, 2026.
To find out more, visit here.
About Bitget
Bitget is the world’s largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry’s lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
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Crypto World
Bitcoin (BTC) price is forming a bear flag that may signal crash to $55,000, analyst says
A hawkish Fed. Rising bond yields. Concerns about Strategy (MSTR). Bitcoin already has plenty working against it. Now an ominous chart pattern is adding to the uncertainty.
The pattern is called a bear flag, and a breakdown could send the price of the largest cryptocurrency to as low as $54,000 initially, according to pseudonymous trader Doctor Profit, who called BTC’s bull-market peak at $126,000 and the subsequent selloff.
“Bitcoin is now forming a massive bearish flag on the daily timeframe,” the trader wrote on X. “My target is a dump to 54-56k region first before we move sideways once again and afterwards another leg down and the bottom is close in the region between 40-50k in my opinion.”
Drawn on a chart, the pattern looks like a flag on a pole that’s been flipped upside down. Here’s how it works: An asset drops sharply and then sees a relief bounce. The slide represents the pole and the bounce becomes the flag. When the price drops below the lower end of the flag, it deepens the selloff, with the downward move roughly the same size as the initial decline.
Key Takeaways
- Beijing designated 10 American enterprises for export restrictions, notably MP Materials and USA Rare Earth
- Restrictions prevent dual-use item exports from China to the designated companies
- China’s Finance Ministry simultaneously prohibited Chinese entities from purchasing from 46 U.S. corporations
- Measures represent Beijing’s retaliation after Pentagon designated Alibaba, Baidu, BYD, and other Chinese firms on its 1260H military roster
- Market experts characterize the restrictions as predominantly symbolic given minimal Chinese business ties for most affected firms
Beijing imposed export restrictions on 10 U.S. enterprises Monday, focusing on organizations connected to military operations, unmanned aerial systems, and critical mineral processing.
MP Materials and USA Rare Earth featured prominently among those designated. These organizations play crucial roles in the rare earth element extraction and magnet production pipeline, with MP Materials managing America’s sole operational rare earth mining facility.
The restrictions prohibit all dual-use merchandise exports from China to the designated enterprises. These items encompass products suitable for both commercial and defense purposes.
Additional companies facing restrictions include unmanned aircraft manufacturers Teal Drones and Jaia Robotics, electronic systems producer Aveox, Ball Aerospace and Technologies, plus Oshkosh Defense.
China’s Answer to U.S. Military Entity Designation
China’s Commerce Ministry justified the restrictions as necessary for protecting sovereign security interests and meeting global commitments. Officials characterized the decision as a response to Washington’s “antagonistic conduct.”
The Pentagon’s recent 1260H list update identified Chinese corporations allegedly supporting Beijing’s military apparatus. Notable recent inclusions featured Alibaba, Baidu, BYD, and NIO.
Beijing’s action represents a calculated response to that designation.
Simultaneously, China’s Finance Ministry announced procurement prohibitions preventing Chinese purchasers from acquiring goods from 46 American corporations, predominantly defense industry participants. Foreign-invested enterprises operating domestically in China with connections to those organizations remain unaffected.
Financial Markets Show Minimal Response
Equity markets demonstrated little reaction to the announcement. MP Materials and USA Rare Earth stock prices remained essentially stable after the disclosure.
Industry observers suggest the concrete ramifications of these restrictions remain constrained. The majority of designated American enterprises maintain negligible or nonexistent commercial operations in China.
George Chen, a partner with the Asia Group, characterized Beijing’s action as “measured” and “predominantly ceremonial.” He observed that most designated organizations focus on defense applications and maintained minimal Chinese trade relationships previously.
Han Shen Lin, another Asia Group partner, supported this assessment, noting the affected enterprises possess “minimal or zero substantial Chinese business footprint.”
The restrictions don’t generate immediate financial losses for most designated organizations.
Nevertheless, policy trajectory remains significant for market participants. Beijing demonstrates capacity to counter American blacklists with reciprocal limitations, particularly regarding defense technology, unmanned systems, and strategic minerals.
Organizations involved with rare earth elements and military procurement networks might gain advantages from sustained American initiatives to diminish dependence on China for essential materials.
Yet the commercial landscape grows increasingly intricate as both nations continue expanding their national security mechanisms.
This development continues an established sequence of reciprocal trade measures between Washington and Beijing that has intensified during 2026.
That key is meant to stay sealed inside secure hardware so the proofs can be trusted. With it exposed, the attacker could enroll their own provers as legitimate and sign fraudulent proofs that Taiko’s verifier accepted, then fake a bridge withdrawal that released real assets on Ethereum.
.@taikoxyz was reportedly attacked, with losses exceeding $1.7M. Our initial investigation suggests the likely root cause was an exposed Raiko SGX enclave signing key on GitHub. Raiko is Taiko’s multi-prover stack for Taiko and Ethereum blocks, so an exposed Raiko SGX enclave key… https://t.co/8BIiEeNtYJ pic.twitter.com/eAq9Xjngz8
— BlockSec Phalcon (@Phalcon_xyz) June 22, 2026
Taiko urged all users to withdraw from every bridge on the network, asked centralized exchanges to suspend deposits of its TAIKO token, and had its block producers stop making new blocks during the investigation.
By about 2 a.m. ET it said the exploit was contained and withdrawals through the main bridge and token vault were fully stopped. The exploiter had already moved about 2 million TAIKO, worth roughly $170,000, to an account on the MEXC exchange.
The dollar loss is small, but the flaw came from the same DeFi mechanism that have caused hundreds of millions worth of losses this year.
Forged cross-chain messages drained $292 million from Kelp DAO’s bridge in April and $11.4 million from the Verus-Ethereum bridge in May, the same failure where one chain is tricked into trusting a fake instruction from another. Bridges have produced more than $340 million in losses across at least 14 exploits in 2026, making it the costliest target in crypto. Taiko’s damage stayed contained mainly because the team caught and froze it within hours.
XRP price traded near $1.13 on June 22 after briefly slipping to about $1.12 during Sunday’s session.
Summary
- XRP rebounded from $1.12 support, but remains trapped between $1.10 and $1.30 this month.
- MACD and RSI show improving momentum, though neither confirms a strong bullish reversal yet clearly.
- ETF inflows and derivatives activity improved, but sustained spot demand still needs confirmation from buyers.
Buyers stepped in near that level and pushed the token back toward $1.15 within hours, keeping attention on the lower end of the range.
The move kept XRP inside the broad $1.10-$1.30 band that has guided price action for most of June. The token was down over 4% for the week and more than 13% over the past month, showing that the short-term rebound has not erased the wider weakness.
crypto.news data showed 24-hour volume near $1.28 billion, with XRP ranked sixth by market value. Its market capitalization stood near $70.28 billion, while fully diluted value remained above $113 billion. Circulating supply was about 62.05 billion XRP from a maximum supply of 100 billion tokens.
The support test matters because XRP has already struggled to hold higher levels this month. A prior move below $1.15 turned that area into the first resistance zone. Bulls now need to regain $1.15, then $1.20, before a stronger recovery setup can form.
XRP indicators show early recovery signs
The MACD shows a mild bullish turn. The histogram is slightly positive near 0.0045, while the MACD line sits around -0.0379 and above the signal line near -0.0424. That setup points to weaker bearish momentum and a short-term recovery attempt.
The signal remains early because both MACD lines are still below the zero line. That means momentum has not moved fully back into bullish territory. XRP needs stronger follow-through before traders can treat the setup as a confirmed reversal.
The RSI stands near 40.51, slightly above its moving average of 39.81. This shows some improvement from weaker levels, but the reading remains below the neutral 50 mark. Buying strength is present, but still limited.
A move above 50 on the RSI would give bulls a cleaner technical signal. Until then, the chart still favors caution. The token is no longer showing heavy downside pressure, but it has not yet shown enough strength to confirm a new uptrend.
Flows and derivatives activity improve
Fund flows offer one of the more supportive signals for XRP. As previously reported, XRP-linked products recorded about $10.66 million in weekly net inflows for the week ending June 18. That was close to the prior week’s $10.68 million.
Cumulative net inflows rose to about $1.45 billion, while total net assets moved closer to $1 billion. These figures show that institutional-style demand has not disappeared, even as the spot price trades well below last year’s highs.
Derivatives activity also picked up. Coinglass data showed XRP volume rising 50.17% to $2.08 billion, while open interest increased 1.23% to $2.66 billion. Options volume rose 19.06% to about $609,170, and options open interest increased 0.75% to $65.47 million.
Higher volume and open interest can support sharper price moves, but they do not show direction by themselves. If long positions build while spot demand stays weak, volatility can rise on both sides. Traders will watch whether open interest grows with price recovery or with another failed bounce.
Analysts watch $1.36 and $1.08
Analysts remain split on whether XRP is building a base or forming another pause inside a downtrend. Javon Marks said XRP’s breakout remains valid and kept a long-term measured move target near $17. He wrote that traders are watching for “another >12X” move if the setup continues.
That target remains a projection, not a confirmed path. XRP would first need to clear several nearer resistance levels, including $1.15, $1.20 and $1.30. The larger bullish case becomes harder to defend if the token loses the lower range.
Another analyst using the name Batman pointed to a short-term compression phase. He said XRP still has an ascending demand trendline while descending resistance squeezes price action. He set the “breakout threshold” at $1.36 and the “invalidation” level at $1.08.
Those levels give traders a clear map. A move above $1.36 would suggest that buyers have taken control of the range. A loss of $1.08 would weaken the structure and could open the door to a deeper support test.
For now, XRP’s position remains mixed. The token has defended $1.12, flows have improved, and MACD is turning slightly higher. At the same time, RSI remains weak, price stays below neutral momentum levels, and the wider trend has not recovered.
The next move depends on whether buyers can turn the rebound into a sustained close above $1.15 and $1.20. If they fail, XRP may keep moving sideways near support. If selling returns below $1.10, the $1.08 invalidation level could become the next test.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
GhostSwap has launched a new public swap-rate API, which gives developers instant access to live crypto exchange rates without requiring an API key. The new endpoint exposes GhostSwap’s best available swap rates across more than 1,600 cryptocurrency pairs, along with minimum and maximum swap limits, through a simple, CORS-enabled interface optimized for fast integration.
For years, access to live crypto swap pricing has largely been reserved for partners, approved integrations, or developers willing to navigate API keys and onboarding processes before writing a single line of code. GhostSwap aims to change this.
No matter if you are building a wallet, a trading bot, a portfolio dashboard, or a crypto comparison website, accessing real-time swap data now takes minutes instead of days.
More importantly, this launch leads to open and permissionless infrastructure. GhostSwap is making its pricing layer publicly available, which allows builders of all sizes to experiment, prototype, and deploy crypto-powered applications without asking for access first.
The Technical Breakdown: What Developers Actually Get
The public endpoint is a direct evolution of GhostSwap’s existing aggregated liquidity engine. It is available immediately via a straightforward POST request to the /v1/quotes endpoint, accepting three primary parameters: from (the token you are selling), to (the token you are buying), and amountFrom (the amount to swap).
In response, the API returns the live best available rate alongside the minimum and maximum swappable amounts for that specific pair. This “min/max” data is crucial; it prevents developers from querying a rate that looks attractive but isn’t practically executable due to liquidity depth constraints. GhostSwap saves developers an extra validation step and makes sure the rate displayed is actionable.
The coverage is extensive. The endpoint supports more than 1,600 cryptocurrency pairs, spanning major assets like BTC, ETH, and SOL, across a wide variety of EVM-compatible chains and popular layer-2 networks. This makes it a one-stop shop for pricing data across the multi-chain ecosystem.
Perhaps most critical for modern web development is the CORS (Cross-Origin Resource Sharing) support. GhostSwap removes the need for developers to spin up a backend proxy just to fetch a price By enabling browser-based requests directly.
Why Eliminating the API Key Changes Everything
API keys are the standard gatekeepers of the web3 data economy, but they impose a hidden tax on development. Before a developer can even test a response, they must navigate account creation, email verification, credential generation, and secure storage.
For client-side applications, keys introduce the dangerous overhead of secret management. This forces teams to build server-side routes just to keep credentials out of the browser.
GhostSwap’s no-key method collapses this friction completely. The onboarding flow goes from a multi-day administrative chore to a thirty-second integration sprint.
This unlocks immediate value in three specific areas:
1. Browser-Based Builders and Frontends
Frontend developers can now embed live swap rates directly into their UI without managing a backend. No matter if it’s a portfolio tracker showing exit liquidity, a DeFi dashboard comparing rates, or a gaming app displaying token values, the data flows straight from GhostSwap to the user’s screen with minimal latency and zero infrastructure overhead.
2. Trading Bots and Automated Strategies
For arbitrage bots and algorithmic traders, speed and uptime are everything. By removing API key rotation, expiration handling, and authentication error states, GhostSwap provides a more resilient data stream. Bots can poll the public endpoint continuously, which basically means they react to market movements without the risk of a stalled authentication layer.
3. Price-Display and Comparison Sites
Aggregators and comparison platforms can now pull rates side-by-side with other exchanges to offer users transparent pricing. Because the endpoint requires no commercial agreement, these sites can deploy updates instantly, adding new pairs as GhostSwap supports them without waiting for contract renewals or partner approvals.
The “Open, Permissionless Rates” Philosophy
This launch is a philosophical statement about the nature of pricing data. In traditional finance and even in large swathes of crypto, exchange rates are treated as proprietary assets to be licensed, monetized, and controlled.
GhostSwap is rejecting that model. By releasing rates as a public utility, the company aligns its data layer with the ethos of its core product. This mirrors GhostSwap’s primary interface (a no-KYC crypto swap API and trading experience) which extends that permissionless ethos from the transaction layer to the information layer.
The implications for the broader ecosystem are significant. When pricing data is open, the barrier to entry for innovation drops dramatically. A solo developer at a hackathon has the same access to GhostSwap’s aggregated liquidity as a well-funded institutional partner.
AI agents and autonomous scripts can fetch rates without being pre-authorized, enabling a new class of dynamic, agentic applications that react to the market in real time. Analytics platforms can ingest the data for research without navigating lengthy data-licensing legal reviews.
Permissionless access promotes competition, transparency, and resilience. If a rate is public, it can be audited, compared, and challenged by the community. This open approach holds the provider accountable and gives users the confidence that the displayed price is fair.
Integrating in Minutes
For developers eager to get started, the process is refreshingly minimal. There’s no partner application to fill out, no “contact sales” button to click, and no secret key to paste into a .env file. Head over to the GhostSwap API documentation, structure your POST payload with the desired pair, and start parsing the JSON response.
The rate limits are designed to accommodate serious production traffic while preventing network abuse, making the endpoint suitable for both high-frequency polling and occasional user-triggered price checks.
A New Baseline for Crypto Data Access
All in all, GhostSwap is effectively setting a new standard for how swap-rate data should be distributed. They have turned their pricing engine into a foundational layer that anyone can build upon.
For the developer building a wallet on a weekend, the bot scanning for cross-chain arbitrage, or the site aiming to offer the most transparent price comparisons, the public swap-rate API removes the first and most frustrating hurdle.
The infrastructure is open and the rates are live. The only thing missing at this point might be your integration.
The post GhostSwap Opens a Public, No-Key Crypto Swap-Rate API appeared first on Cryptonews.
Financial regulators in South Korea are pushing for broader reporting requirements on crypto transfers to further align with global Anti-Money Laundering standards for digital assets.
South Korea’s Financial Intelligence Unit (FIU) raised proposals to expand the Financial Action Task Force’s (FATF) Travel Rule requirements to smaller crypto transfers during a plenary meeting in Paris last week, according to an announcement on Monday.
The crypto Travel Rule is a global AML standard that requires crypto exchanges to share sender and recipient information for transfers above certain thresholds. It is designed to improve the traceability of funds moving between platforms.
South Korea already applies Travel Rule requirements to crypto transfers above 1 million won ($650), and the latest proposal calls for extending those obligations to smaller transactions.
Ongoing gaps in global oversight and DeFi risks
The FIU said Travel Rule obligations should apply to both originating and receiving crypto asset service providers (CASPs) to close gaps in cross-border transfers.
The FIU also called for stronger action against offshore and unregistered crypto platforms, citing increased misuse in illicit finance cases and risks of regulatory arbitrage.
FIU Commissioner Lee Hyung Ju at the FATF plenary session in Paris. Source: FIU
Beyond the Travel Rule discussion, FATF also approved a new report examining risks associated with decentralized finance (DeFi), according to the FIU.
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FIU Commissioner Lee Hyung Ju welcomed the adoption of a DeFi-related report during FATF discussions. However, he said regulatory arbitrage across jurisdictions mainly stems from differences in licensing, supervision and offshore oversight.
Seven years after FATF extended Travel Rule scope to crypto
The proposal was part of broader discussions on the implementation of FATF Recommendation 15, the international standard updated in 2019 to apply AML measures to crypto assets and CASPs.
Seven years after FATF extended its AML framework to cover crypto assets, global implementation of Recommendation 15 remains uneven, according to a targeted update by FATF in 2025.
Source: FATF
The FATF assessment found that 49% of jurisdictions were only partially compliant with requirements for CASPs, while 21% remained non-compliant as of April 2025, leaving only about 29% of jurisdictions rated largely compliant or compliant.
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Bitcoin traded near $64,000 on Monday after a volatile weekend tied to U.S.-Iran headlines.
Summary
- Bitcoin held near $64,000 as traders watched ETF outflows, Iran headlines and PCE inflation data.
- PCE, GDP, new home sales and sentiment data could guide Fed rate bets this week.
- Ether stayed near $1,750, while Solana neared $75 and large-cap altcoins remained stable overall Monday.
According to crypto.news market data, Bitcoin traded near $64,217, while Ethereum traded near $1,747. Bitcoin dipped toward $63,300 after fresh uncertainty around peace talks, then recovered toward the middle of its short-term range.
Meanwhile, traders are still watching $62,000 as the main support area and $67,000 as the level bulls need to reclaim. The broader market stayed near $2.29 trillion, showing stability but not strong demand.
PCE and GDP data set macro tone
The main U.S. economic event this week is the May Personal Consumption Expenditures report, due Thursday. PCE is the Federal Reserve’s preferred inflation gauge, so a hot reading could reduce hopes for rate cuts and weigh on risk assets.
The calendar also includes June S&P Global flash PMI data on Tuesday, May new home sales on Wednesday, and first-quarter GDP data on Thursday. The University of Michigan sentiment update and inflation expectations data are due Friday. Together, those reports will give traders a fresh view of growth, consumer demand and price pressure.
Iran headlines and ETF flows add pressure
Middle East risk remains another market driver. Hopes for a U.S.-Iran deal helped calm oil markets last week, but the tone shifted again after new warnings from President Donald Trump.
President Trump wrote that “Iran must immediately stop” its proxies in Lebanon from causing trouble, warning that the U.S. could hit Iran “very hard again” if the attacks continue. Any renewed threat to shipping or oil supply could raise inflation worries and keep crypto traders cautious.
Bitcoin also faces pressure from spot ETF outflows. As previously reported by crypto.news, Galaxy Research said U.S. spot Bitcoin ETFs recorded $6.35 billion in net outflows over the latest 30-day window, the largest such outflow in its tracked data.
Weak ETF demand does not always push BTC lower right away, but it removes a key support that helped earlier rallies. If outflows continue while macro risks rise, traders may wait for a stronger close above resistance before adding exposure.
Altcoins stay mixed ahead of catalysts
Large-cap altcoins were mostly steady. Ether held near $1,750, while Solana moved close to $75. BNB stayed near $600, XRP remained below $1.15, and the total crypto market value hovered around $2.29 trillion.
For now, the week’s setup depends on four catalysts: PCE inflation, GDP data, Iran headlines and ETF flows. A softer inflation reading, calmer oil markets and slower ETF outflows could help Bitcoin test $67,000 again.
A hotter PCE report or renewed Middle East stress could bring $62,000 back into focus. If that level fails, the $60,000 area may become the next test. Until then, crypto markets look stable but fragile, with Bitcoin still setting the tone for altcoins. Traders may need confirmation from both macro data and fund flows before the next clear move.
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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