Crypto World
Three signals XRP could slip below $1 in June
XRP’s price action has cooled into a setup that several traders are watching for a potential return below the $1 level. On the four-hour chart, a classic head-and-shoulders pattern and a parallel-bear flag are emerging, pointing to a sub-$1 downside scenario if selling pressure intensifies.
Analysts note that bullish arguments are not as compelling at the moment, with momentum gauges suggesting limited upside unless XRP can clear key resistance. At the same time, on-chain metrics are flashing caution, implying that holders could be sitting on limited profits and that weak demand might precede a renewed price dip.
Key takeaways
- XRP appears to be forming a head-and-shoulders pattern on the four-hour chart, with a neckline near $1.09. A confirmed breakdown could target roughly $0.99, about a 10% slide from current levels.
- Another bearish signal comes from a bear-flag formation on the same timeframe, with a measured target near $0.94 if the price breaks below the lower trendline around $1.10.
- The relative strength index hovers around 43, indicating tepid momentum that could leave XRP vulnerable to further downside unless buyers step in above key thresholds.
- On-chain activity supports a cautious stance: MVRV pricing bands point to the lower green zone near $0.96 as a potential magnet in past downturns, suggesting room for downside before a material reversal materializes.
Head-and-shoulders: a looming neckline test and risk of a sub-$1 scan
Since the first days of June, XRP has displayed the characteristics of a head-and-shoulders pattern on shorter timeframes. The setup features a central peak (the head) flanked by two lower peaks (the shoulders) and a common neckline that has been near the $1.09 area on the latest observations. In classic technical analysis, a decisive break below the neckline serves as a bearish confirmation and typically sets a target equivalent to the pattern’s height projected downward from the breakdown point. In this case, the implied downside targets hover around the $0.99 mark, translating to roughly a 10% drop if the pattern resolves as predicted.
On the upside, a sustained move above the right shoulder—roughly at $1.12—could invalidate the pattern, especially since that level aligns with the 20-period exponential moving average on the four-hour chart. A clear break above that resistance would open the door to a potential rebound toward the next moving-average hurdle near $1.15, which is close to the 50-period EMA and could offer a short-term rally catalyst.
Overall, traders watching the H&S formation see a clear bifurcation: a breakdown below $1.09 could usher in a sub-$1 test, while a bullish reclaim above near-term resistance could revive the case for a measured move toward the next EMA cluster around $1.15 to $1.20.
Bear flag adds to the sub-$1 downside case and key levels to monitor
Complicating the near-term outlook is a bear flag pattern on the same four-hour window. After a sharp initial sell-off, XRP appears to be consolidating within a rising channel, with the lower boundary currently flirting with $1.10. A sustained weekly close below this line would reinforce the bearish narrative and suggest that the prior downtrend could resume.
Applying the standard target rule for bear flags, the consolidation breakout could point toward around $0.94, representing a roughly 15% decline from current readings. The move comes with confirmation risk: a close above the upper boundary of the flag—around $1.18 to $1.20—would reframe the outlook toward a renewed attempt at higher levels, particularly if momentum accelerates through the region near the 50-period EMA.
The current momentum picture mirrors a cautious stance: the RSI sitting in the low 40s underscoring a lack of bullish conviction. Yet the chart structure leaves room for a shift if buyers reclaim the area just over $1.12, potentially stalling the bear-flag downside and pushing XRP back toward the higher end of the immediate range.
On-chain signals align with a cautious stance, pointing toward $0.96 in store if selling intensifies
Beyond price pattern analysis, on-chain data adds texture to the risk assessment. The MVRV (Market-Value-to-Realized-Value) framework indicates where holders may be sitting relative to the price at which coins last moved on-chain. The bands show that while XRP has rooms to fall, the next meaningful downside target sits near the lower green zone around $0.96. Historically, this band has acted as a magnet during major downturns, with XRP dipping toward or below this level in prior cycles before finding a more definitive base.
In practical terms, if market participants do encounter weakness that leads to a test of the $0.96 area, it could be accompanied by weaker transaction demand and selling pressure as holders re-assess risk versus potential longer-term relief rallies. By contrast, a sustained push below this band could invite further downside, while a decisive move back above the upper green boundary would be a signal that buyers are re-entering the market with more conviction.
For traders looking for corroboration, the latest pattern readings line up with other market signals. Earlier coverage highlighted that XRP’s transaction demand had cooled, underscoring a broader narrative of cautious participation as traders focus on key support zones. See related coverage discussing how demand dynamics around sub-$1 and $0.65 zones have influenced sentiment and liquidity dynamics in recent sessions.
All told, the confluence of price-pattern warnings, momentum readings, and on-chain stress signals reinforces a cautious stance toward XRP in the near term. The major near-term milestones remain the $1.09 neckline, the $1.12–$1.15 cluster of resistance, and the lower-bound targets near $0.96 to $0.99 depending on how the price reacts to the immediate supports and moving averages.
Where the market goes next will hinge on the balance between sellers pressing toward the neckline and buyers defending the critical thresholds above. If buyers manage to sustain a break above the $1.15 zone and clear the $1.20 area, the path could tilt toward a more constructive setup; otherwise, the bears will likely test the suspected sub-$1 levels in the near term.
What to watch next: monitor the neckline around $1.09 for a potential breakdown or a sticky hold, the 20- and 50-period EMA levels near $1.12–$1.15 for early validation or invalidation of the patterns, and the lower MVRV band near $0.96 as a potential magnet for price weakness. Investors should also keep an eye on on-chain demand signals to gauge whether capitulation or renewed buying interest could accompany any technical break.
For context on related dynamics, previous reporting highlighted XRP’s evolving on-chain demand and its impact on sentiment around critical support levels, offering a reminder that price action on the charts often aligns with shifts in on-chain activity and market participation.
As the week unfolds, traders will be weighing the immediate risk of a breakdown through the neckline against the possibility of a bounce that could reframe XRP’s short-term trajectory. The coming sessions will be telling for whether the sub-$1 narrative holds, or if the market finds footing above resistance and reopens room for a corrective move higher.
Crypto World
Former SEC, CFTC Chair Gary Gensler argues that prediction markets don’t overrule state regulations
“To put the argument in the plainest real-world terms: Senate Majority Leader Harry Reid of Nevada would never have consented to or passively accepted legislation displacing an activity so critical to his state’s economy and politics by permitting sports betting only under CFTC auspices,” Gensler’s brief said.
Courts have so far been split; some have ruled in favor of prediction market providers, while others have ruled in favor of states.
The Third Circuit Court of Appeals ruled in April that the state of New Jersey could not shut down prediction markets, but panel of the Ninth Circuit Court of Appeals seemed more inclined to rule for the states.
It is likely that the Supreme Court will ultimately take up the issue, and Congress is also poking around.
Amicus briefs
The CFTC, currently helmed by Chair Mike Selig, filed its own amicus brief in this case last month, arguing that any event contract traded by a designated contract market overseen by the regulator is a swap.
Congress’ definition of a swap was broad and the language in the statutes allows for the CFTC-regulated firms to offer their products, the regulator’s filing said.
Genler’s brief disagreed.
“The CFTC now posits hedging theories for some sports bets that are at best only tenuously connected to reliable hedges of commercial risks. That connection, however, is crucial, as Congress included only those event contracts that hedge risks in a manner similar to a swap and are sufficiently ‘associated with a potential financial, economic, or commercial consequence,’” Gensler’s brief said.
Leading crypto exchange Coinbase has launched Coinbase for Agents. This product connects AI agents directly to user accounts so they can trade, pay, and execute financial workflows within limits the user controls.
The exchange also unveiled Coinbase Advisor, an in-app agent that delivers recommendations and guidance to users without any external setup. It is a registered investment advisor with the Securities and Exchange Commission (SEC) and as a commodity trading advisor with the National Futures Association (NFA).
AI Agents Gain Direct Access to Coinbase Accounts
The product ships in two formats. An MCP serves web-based harnesses such as ChatGPT and Claude Web, while a CLI targets terminal environments like Claude Code. Coinbase said the MCP connects with a single login, while the CLI offers lower token overhead and deeper customization.
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Agents can rebalance portfolios according to target allocations, place limit orders on dips, and schedule recurring buys. They can also monitor idle cash and pay for premium data.
Each agent can operate inside an isolated, permissioned portfolio with no visibility into a user’s other holdings. Upcoming controls will add maximum trade sizes and spending caps.
“Think of it like giving a gift card rather than handing over your bank account. You define the limits. Your agent executes within them,” Coinbase said.
Payments made through the product pass the same transaction monitoring and Know Your Transaction (KYT) checks as the rest of the exchange.
Expansion Plans Reach Stocks and Prediction Markets
Crypto spot and derivatives trading are fully enabled at launch. Moreover, Coinbase plans to extend access to stocks, index funds, prediction markets, and commodities.
The launch builds on AgentKit, released in 2024 to put wallets in agents’ hands, and the x402 payments protocol introduced last year.
Other firms are also moving in the same direction. Swiss bank Sygnum completed the first live AI agent transaction by a regulated Swiss bank in May. In addition, Anchorage Digital unveiled Agentic Banking the same month.
Coinbase described the products as the start of a full consumer agentic suite. Adoption rates among everyday investors will show whether agent-led trading extends beyond early enthusiasts in the coming months.
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The post Coinbase Opens Crypto Trading to AI Agents Through New Tool appeared first on BeInCrypto.
SpaceX priced its initial public offering at $135 a share and starts trading on the Nasdaq on Friday under the ticker SPCX. The $75 billion raise is the largest IPO in history. It values the company near $1.75 trillion and puts Musk on track to become the world’s first trillionaire.
Demand topped $250 billion, with retail orders alone above $100 billion.
Crypto took the cue higher. Bitcoin rose about 1.6% to roughly $63,550 and is now green on the week, per CoinDesk data, recovering the ground it lost in the early-June selloff. Solana added 3%, XRP and dogecoin each rose 2.3%, and Hyperliquid bounced 7.6% on the day.
Dogecoin barely stood out. It rose 2.3%, in line with the broad market. The token has spent years jumping on Musk and SpaceX headlines, and this was the biggest SpaceX event ever.
The real signal comes when SPCX prints its first trade. A strong debut confirms the risk-on turn, while a weak one tests it.
SpaceX is preparing for what could become the largest IPO in history, with an expected offering price of $135 per share and a targeted valuation of at least $1.8 trillion. With roughly 13 billion shares outstanding, the company could immediately rank among the largest publicly traded corporations in the United States.
But SpaceX’s debut is already dividing investors. Some traders are betting on a historic surge. Others are warning that it could become one of the most painful retail traps in recent memory.
Can SpaceX Reach a $4 Trillion Valuation on Day One?
Prediction markets show extreme bullish outliers. Some bettors speculate that SpaceX’s closing market capitalization could exceed $4 trillion by the end of its first trading day. That would imply a share price above $300, representing a gain of more than 125% from the IPO price.
However, the probability assigned to that outcome is extremely low, near 1%. A more moderate expectation places a roughly 38% probability on SpaceX exceeding $2.4 trillion, implying a closing price around $185, or a 35% premium to the IPO level.
At the lower end of expectations, there is a small probability that SpaceX could close below a $1 trillion valuation, which would imply a share price near $76, roughly 40% below the IPO price. Some analysts have even suggested a fundamental valuation closer to $780 billion, highlighting the wide dispersion in estimates.
The scale of these valuation ranges reflects the unprecedented hype surrounding SpaceX’s exposure to both artificial intelligence and the commercial space economy.
The Valuation Problem
Based on its prospectus, SpaceX generated approximately $18.67 billion in revenue last year. At a $1.8 trillion valuation, the company would trade at a price-to-sales ratio of roughly 96.
Historically, companies operating in transformative industries have struggled to sustain price-to-sales ratios above 30 over long periods. A ratio approaching 100 raises concerns that initial pricing may reflect sentiment rather than sustainable fundamentals.
Mega IPOs also have a mixed historical track record. Companies like Facebook and Saudi Aramco experienced significant drawdowns within six months of debuting. Initial enthusiasm often fades once the post-IPO lockup dynamics and earnings realities set in.
Structural Tailwinds Could Inflate Early Prices
Unlike traditional IPOs, SpaceX may benefit from accelerated index inclusion. Nasdaq modified its Fast Entry rules, potentially allowing SpaceX to join the Nasdaq-100 within approximately 15 trading days. The company could also qualify for Russell indexes within five trading sessions, and S&P 500 inclusion rules may be waived.
This matters because passive ETFs tracking these indexes would be forced to purchase billions of dollars in SpaceX shares shortly after listing. That mechanical demand could push prices higher in the short term.
However, such forced buying also concentrates float ownership in passive funds. Once insider lockups expire, accelerated selling could create volatility, potentially transferring risk to late retail entrants.
CoinCodex SpaceX Price Prediction for 2026–2027
According to CoinCodex’s SpaceX price prediction, the stock may experience moderate consolidation shortly after its IPO before entering a stronger upward phase later in 2026. In June 2026, the projected average price stands at $123.32, slightly below the expected IPO level of $135.
July and August follow a similar pattern of relative weakness, with projected averages near $119.18 and $118.53, suggesting that early enthusiasm could cool as the market reassesses valuation and lockup dynamics.
Momentum is projected to strengthen beginning in September 2026, when the average price rises to $141.91. That shift marks the first meaningful breakout above IPO pricing in the model. The acceleration continues into October, where the projected average climbs to $182.47, followed by $197.11 in
November and $199.87 in December. This late-year rally implies that sustained demand, potentially tied to earnings visibility or index inclusion effects, could support a significant recovery after the initial consolidation phase.
Moving into early 2027, projections stabilize in the $200 to $208 range through the first quarter, with March 2027 averaging $207.85. Prices then show modest consolidation into the spring, hovering just above $200 through June 2027.
Under this base case scenario, the model implies a long-term appreciation of roughly 60% to 66% from the IPO price, but notably does not support extreme first-day surge scenarios above $300 per share. Instead, it suggests a more gradual climb following initial volatility rather than an immediate doubling of value.
The post SpaceX Price Prediction: Bubble Euphoria or $4 Trillion Breakout? appeared first on BeInCrypto.
XRP bounced sharply from last week’s selloff, reclaiming $1.14 on its strongest volume in weeks. Buyers pushed the token through resistance near $1.12 and kept buying into the close, a change from the short-lived rebounds that have repeatedly faded since February.
The next test sits higher up, as every major recovery this year has stalled before reaching the $1.20-$1.25 area.
News Background
• Ripple said Bitso’s MXN-backed stablecoin MXNB will launch on the XRP Ledger and integrate with its Payments on Decentralized Exchange infrastructure, expanding regulated cross-border settlement between the U.S. and Mexico.
• Ripple’s RLUSD and Bitso’s MXNB are designed to provide on-chain dollar and peso liquidity for enterprise payment flows, adding another institutional use case for XRPL infrastructure.
• The initiative builds around XRPL’s Permissioned DEX, a framework aimed at regulated financial participants rather than retail users.
Price Action Summary
• XRP rose from $1.1080 to $1.1442 during the 24-hour session, gaining 3.3%.
• The key move came during the June 11 17:00 UTC session, when volume surged to 120.2 million XRP, more than 160% above average, pushing price through resistance near $1.1220.
LG Electronics has teamed with Ethereum layer-2 Arbitrum to explore a blockchain-powered advertising network designed to streamline the buying, selling, and tracking of digital ad inventory. Fortune reported on Thursday that the collaboration aims to provide a shared database for advertisers and publishers and to automate how audiences interact with ads, with a potential market rollout this year.
“We are evaluating whether this approach can deliver meaningful value to advertisers, publishers and audiences,” said Samuel Byungsun Park, head of LG Electronics’ blockchain research lab. The venture, still in the exploration stage, underscores a broader push within the tech industry to apply blockchain and automation to the sprawling digital advertising ecosystem.
Arbitrum would supply the network’s backbone—an automated, software-driven system intended to reduce reliance on traditional intermediaries that currently mediate ad buys between brands and publishers. By consolidating inventory data and consumer interaction signals on a blockchain-based ledger, the partners hope to provide greater transparency and efficiency for buyers and sellers alike. As Steven Goldfeder, Arbitrum’s co-founder, put it to Fortune, the goal is to enable markets to operate in an automated fashion, reducing the need for manual intervention.
On the market reaction, Arbitrum’s token ARB rose about 5.44% on Thursday in response to the news of the collaboration and the broader Layer-2 development it represents. Arbitrum confirmed the update on X, underscoring momentum around the network as it expands into new usage scenarios beyond its core scaling role for Ethereum.
Cointelegraph reached out to both Arbitrum and LG Electronics for comment on the initiative and its timing.
LG has long explored cryptocurrency and blockchain technology, testing the waters with internal ventures and consumer-facing products. In 2018, LG CNS, the company’s solutions arm, launched its own blockchain platform called Monachain, aimed at business-to-business use cases such as digital authentication, payments and supply chain management. More recently, LG Electronics built a decentralized wallet called Wallypto on the Hedera Hashgraph network, designed to accompany the LG Art Lab NFT platform that showcased digital artworks on televisions. The NFT project was shut down in June 2025, part of a broader wave of NFT marketplace closures that year, and LG subsequently terminated Wallypto in September 2025.
The evolving LG crypto portfolio reflects a cautious, testing approach rather than a full-scale pivot. The company’s history highlights both the potential for big-tech players to innovate in digital advertising through blockchain-enabled networks and the practical challenges that accompany consumer-facing crypto products in a fast-changing market.
Key takeaways
- LG Electronics and Arbitrum are jointly exploring a blockchain-enabled advertising network intended to unify ad inventory and automate measurement of audience interactions, potentially reducing reliance on traditional intermediaries.
- The project could reach market within the year, according to Fortune, with Arbitrum providing the shared data backbone and automation.
- ARBI’s token rose about 5.44% on Thursday following the news, reflecting investor interest in Layer-2 applications expanding beyond scaling Ethereum.
- Digital ad spend is enormous and growing; global estimates place 2025 spend at around $679 billion, representing roughly two-thirds of total ad expenditure, which helps explain why advertisers are watching blockchain-enabled ad networks closely.
- LG’s crypto experiments show a pattern of methodical exploration: Monachain (2018), Wallypto on Hedera, and the LG Art Lab NFT platform, with mixed outcomes and eventual pivots or shutdowns in later years.
LG, Arbitrum and the ad-tech disruption thesis
The collaboration between LG Electronics and Arbitrum sits at the intersection of two big trends in crypto and tech: enterprise-scale adoption of blockchain for operational efficiency, and the ongoing transformation of digital advertising through data transparency and automation. By offering a shared ledger of ad inventory and audience interactions, the envisioned network could in theory reduce duplication of data across platforms, lower reconciliation costs, and provide advertisers with clearer insight into reach and effectiveness.
On the efficiency front, the promise is straightforward: automate the core processes that currently require human oversight and multiple middlemen. In the traditional ad-tech stack, agencies, exchanges, networks, and data providers orchestrate ad placements and measurement, often resulting in opaque pathways and higher costs. A blockchain-backed approach could, in theory, give advertisers and publishers a single source of truth and faster settlement, while enabling more granular targeting and measurable outcomes.
However, the venture also hinges on practical considerations. Adoption by marketers and publishers, integration with existing demand-side platforms (DSPs) and supply-side platforms (SSPs), data privacy compliance, and the ability to scale across ecosystems are all critical factors. The Fortune report notes the initiative is in the evaluation stage, with a possible market introduction later in 2026, but concrete product details and governance models remain to be announced.
From an investor perspective, the immediate reaction is twofold. First, there is interest in the potential efficiency gains and transparency benefits that blockchain could deliver to an ad market long plagued by friction and opaque metrics. Second, there is caution about execution risk and the challenge of achieving broad industry-wide adoption, given the inertia of established ad-tech stacks and the regulatory environment governing data usage and online advertising.
LG’s crypto journey: lessons from a cautious, experimental approach
LG’s longer association with crypto and blockchain has been characterized by measured experimentation rather than a rapid pivot to consumer products. The 2018 Monachain project positioned LG CNS to showcase enterprise blockchain capabilities, including digital authentication and supply chain use cases. The Wallypto wallet, built on Hedera Hashgraph, served as a companion tool for the LG Art Lab NFT platform, which was designed to display digital artworks on LG televisions. The NFT platform was shuttered in June 2025, amid the broader NFT market retrenchment, and Wallypto was terminated in September of the same year.
These moves illustrate LG’s willingness to explore crypto-related technologies while maintaining a cautious portfolio approach. The current advertising network project with Arbitrum signals a shift toward applying blockchain to core business operations—advertising and marketing—where the potential for efficiency gains and new data paradigms could be significant if the project proves scalable and broadly adopted.
Industry observers will be watching how the LG-Arbitrum initiative addresses critical questions: What governance mechanisms and data-sharing rules will be used? How will user privacy and consent be handled? What performance benchmarks will define success for advertisers and publishers? And, perhaps most importantly, will a blockchain-enabled ad network achieve the level of transparency and automation needed to displace parts of the traditional ad-tech stack?
What comes next for blockchain-enabled advertising
As with any frontier technology in advertising, the path from concept to widespread adoption is likely to be incremental. The LG-Arbitrum project provides a concrete example of large corporate experimentation with blockchain to reimagine a principal revenue driver: digital advertising. While the exact rollout timeline remains uncertain, the partnership underscores a broader industry interest in leveraging distributed ledgers to streamline data flows, cut costs, and offer clearer metrics for advertisers and publishers alike.
Investors and industry participants should monitor how this initiative progresses alongside ongoing regulatory developments around data privacy, consumer consent, and platform interoperability. If the early signs hold—transparent inventory, automated market operation, and measurable efficiency gains—the collaboration could become a notable case study in how big-tech brands collaborate with specialized Layer-2 networks to reshape ad tech.
For readers, the next milestones to watch are concrete product milestones, governance models, and any pilot deployments with participating brands or publishers. As with many blockchain-at-scale experiments, real-world traction will determine whether this remains an exploratory project or becomes a reproducible blueprint for the future of digital advertising.
LG Electronics and Arbitrum declined to comment further beyond the statements already shared with Fortune and other outlets, and the industry will be awaiting more details as they become available.
The U.S. Securities and Exchange Commission proposed removing two key Regulation NMS rules, opening a new debate over tokenized U.S. stocks and DeFi trading.
Summary
- SEC proposed removing Rules 611 and 610(e), changing long-standing trade protections for U.S. equities markets.
- Analysts say the move could help DeFi market makers support tokenized U.S. stock trading.
- Tokenized equities still face registration, settlement, clearing, and investor-rights questions under U.S. securities rules.
The SEC said on June 11 that it proposed rescinding Rules 611 and 610(e) of Regulation National Market System. The rules have shaped U.S. equity trading since 2005.
Rule 611 blocks trade-throughs in national market system stocks. In simple terms, a trading venue cannot execute a stock trade at a worse price when a better protected quote is available on another venue.
Rule 610(e) deals with locked and crossed quotations. These rules require trading centers to avoid quotes that equal or cross the national best bid and offer in U.S. stocks.
The SEC said the proposal would also remove related definitions from Rule 600 and make other matching changes. The public comment period will stay open for 60 days after the proposal appears in the Federal Register.
SEC Chairman Atkins says rule change could cut costs
SEC Chairman Paul Atkins said the plan aims to simplify equity market structure after two decades of Rule 611. He said the rule may have created problems that limited market growth.
“After two decades of Rule 611, it is high time that the Commission review its unintended consequences that have hindered — rather than enhanced — the long-term growth of our markets,” said SEC Chairman Paul S. Atkins.
“This proposal is intended to simplify market structure and reduce costs for market participants while allowing competition, innovation, and other market forces to shape the continuing evolution of our equity markets,” Atkins added.
The proposal does not approve tokenized stock trading by itself. It starts a rulemaking process and gives market participants a chance to comment before the agency decides whether to finalize the rescission.
Analysts point to tokenized stocks
Galaxy Digital’s Alex Thorn said the proposal could remove a major barrier for tokenized U.S. equities in DeFi. He argued that automated market makers cannot easily follow Rule 611 because they execute trades through liquidity pools and bonding curves.
“An AMM cannot comply with 611 by construction. It executes against a bonding curve at whatever the pool price is, with slippage, at block-time granularity,” Thorn wrote.
The issue is that DeFi pools cannot check every stock exchange quote in real time before each swap. They also cannot route orders across markets in the same way as traditional trading systems.
Thorn also said Rule 610(e) creates similar issues. AMM prices move with trading flow, which means tokenized equity pools could often lock or cross displayed quotes in the traditional market.
Tokenized equities still face other rules
If the SEC removes the rules, analysts say broker-level best execution duties may play a larger role. FINRA Rule 5310 requires brokers to seek the best available terms for customer orders.
That framework may fit tokenized markets better than trade-by-trade price protection rules. Still, tokenized stocks face other hurdles, including exchange registration, ATS rules, clearing, settlement, and investor rights.
As previously reported, the SEC has been studying an innovation exemption that could allow tokenized public stocks to trade on blockchain platforms. The plan may require tokenized shares to carry the same rights as normal shares, including dividends and voting rights.
Moreover, as reported by crypto.news, Commissioner Hester Peirce has also said any exemption may stay limited in scope. She said it would likely apply to digital versions of existing public equities, not synthetic stock tokens without shareholder rights.
The SEC proposal adds a new step to that wider policy shift. It could reduce one market structure barrier, but the final rules will depend on the comment process and further agency action.
Michael Saylor addressed Strategy’s sale of 32 BTC on stage at BTC Prague on Thursday. He told the audience the transaction does not change the company’s long-term Bitcoin (BTC) thesis.
The executive chairman faced questions because he has urged investors for years to never sell their bitcoin. A small treasury transaction turned that slogan against him this week.
Why Strategy Sold 32 BTC for the First Time Since 2022
Strategy sold 32 BTC between May 26 and May 31 for roughly $2.5 million. That works out to an average of $77,135 per coin, slightly above its $75,699 cost basis.
A June 1 filing with the SEC disclosed the transaction. MSTR shares fell about 6% afterward, and the company’s first bitcoin sale since December 2022 dominated the conversation. The disclosure even triggered a $15 million dispute on Polymarket over contract settlement.
The proceeds will fund distributions on Strategy’s preferred stock. The board declared June 30 cash dividends across all five preferred series, a recurring obligation tied to the firm’s capital structure.
The sale covered about 0.004% of Strategy’s 843,706 BTC, a stack worth roughly $62 billion. Still, the company had already slowed accumulation. It paused buying before earnings in the spring and recently skipped its weekly purchase altogether.
Saylor Speaks Out on His Never Sell Bitcoin Advice
Speaking in Prague on June 11, Saylor confronted the apparent contradiction head-on.
“I said to you never sell your bitcoin.”
Saylor said at BTC Prague, in a video shared by Alex Bragin.
Here is the answer on stage of @BTCPrague why Michael @saylor sold 32 BTC pic.twitter.com/5vGM0P9Rwh
— Alex Bragin (@BraginRights) June 11, 2026
He explained that the advice targeted individual investors, while the corporate sale served a specific financial obligation. In his framing, the company practiced normal treasury management rather than an exit from bitcoin.
He also brushed off the online trolls mocking the sale. In his view, it would be dumb for a company to rule out selling regardless of its obligations.
He stressed that liquidity needs drove the decision, not a bearish view on bitcoin’s future. The sale’s size supports that reading, since $2.5 million barely registers against a $62 billion position.
Saylor once urged followers to sell a kidney before parting with their bitcoin. Those earlier absolutist posts sharpened criticism once the filing appeared.
Skeptics remain unconvinced. Some analysts argue the episode adds to mounting pressure on MSTR as the stock trades below recent highs. Meanwhile, bitcoin traded near $63,400 on Friday, up 1.4% over 24 hours.
The next test arrives on June 30, when the preferred dividends fall due. Investors will watch whether Strategy funds future distributions from new capital or reaches into its bitcoin reserve again.
The post ‘I Said to YOU Never Sell Your Bitcoin’: Saylor Speaks Out on 32 BTC Sale appeared first on BeInCrypto.
The Avalanche Treasury Company saw a rocky start as it debuted on Nasdaq under the ticker AVAT on Thursday, with shares dropping 16% by the end of the day.
The new company gained access to the Nasdaq after merging with special-purpose acquisition company (SPAC) Mountain Lake Acquisition in a $675 million deal first announced in October.
The company, with support from institutional backers including Dragonfly, Pantera, ParaFi Capital, VanEck, Galaxy Digital and Kraken, aims to give investors exposure to the Avalanche blockchain ecosystem without holding the cryptocurrency.
Bart Smith, Avalanche Treasury CEO and former Susquehanna executive, said Thursday that it wasn’t a bet on price, but an investment that “represents meaningful potential for the repositioning of institutional finance.”
Avalanche launched in 2020 with proof-of-stake consensus, high throughput and a multi-chain architecture. Today, more than 550 projects are building in the ecosystem, with more than $1 billion in institutional funds deployed and more than $1.65 billion in real-world assets tokenized on the network.
Tough first day trading for AVAT
AVAT shares fell 16% from their open at $2.20, ending the day at $1.85, according to Google Finance. This has been a typical pattern for crypto company initial public offerings, especially in a bear market.
Related: SpaceX IPO nears 4 times oversubscribed, squeezing crypto and tech
AVAX saw a small 3.4% gain on the day, but the asset has lost 33% over the past 30 days and remains down 95% from its November 2021 all-time high. It is currently trading at its lowest level since early 2021, at $6.61, according to TradingView.
Altcoins have been crushed in 2026, and AVAX is at a five-year low. Source: TradingView
DATs are having a rough ride
Avalanche is the latest crypto ecosystem to launch a publicly listed company, but it comes amid a difficult time for crypto treasury firms.
The weekly net flow of BTC into digital asset treasuries has declined to around $266 million this week, following weekly highs of over $2 billion in April and May, according to Coinglass.
The world’s largest BTC treasury, Strategy, has seen its stock value tumble 69% over the past 12 months as the Bitcoin bear market deepens.
Bitmine Immersion Technologies pivoted from BTC mining to an Ethereum treasury in mid-2025. Its shares (BMNR) saw explosive growth, reaching an all-time high of $135 in July that year, but have since tanked by 88% to $16.50 a year later.
SOL Strategies Inc., a Solana-focused DAT, began trading in September 2025 under STKE, but share prices have also collapsed by 92% over the past 12 months.
Magazine: Does ‘Paper Bitcoin’ mean there’s an unlimited supply of BTC?
Crypto exchange Coinbase has launched a tool that allows artificial intelligence agents to make payments and trade crypto on behalf of users, as crypto companies look to ride a wave of interest in AI.
Coinbase said Thursday that it is launching Coinbase for Agents, which will allow AI models like ChatGPT and Claude to connect with a user’s exchange account and be prompted to make trades or execute strategies.
AI agents can also make payments using Coinbase’s AI payments protocol x402, allowing the bots to pay for data services to gather information for carrying out trading strategies without human intervention.
Crypto companies have been positioning the technology as a means to support the high-frequency microtransactions that agents typically carry out. AI agents have grown in popularity with the release of better models, with more traders trusting them to autonomously execute trading strategies.
Coinbase said the tool is available via both a model context protocol (MCP), allowing AI models to connect with a user account, and a command-line interface for developers.
Source: Coinbase
The company said it also introduced Coinbase Advisor, an AI agent integrated into its app that it says is a US Securities and Exchange Commission and Commodity Futures Trading Commission-registered financial adviser that can give guidance on trades.
Coinbase said the tool could help users manage their crypto “without the constant manual oversight” and can undertake tasks like allocating funds to reward programs or making recurring buys.
“Imagine you want to dollar-cost average into ETH at the optimal time of day. Just tell your agent your target and timeframe. It can pull 30 days of hourly price data to identify when ETH historically trades lowest, set a recurring $20 market buy at that time, and schedule it to run daily for the next two weeks,” the company explained.
While many companies are pitching for investors to start using AI, a study published last month found that users of AI agents are losing money, and the agents themselves may not really be working alone.
Researchers at Pantera Capital, Stanford University, Ava Labs and the Initiative for Cryptocurrencies and Contracts studied over 925,000 token holders and found that agent treasuries made gains of $30 million on paper, while their token holders collectively lost $191.7 million.
It also found that many of the projects it studied “do not yet provide clear evidence of autonomous trade execution” with a “substantial share” of projects being “basic API integrations.”
Related: AI agents with crypto could escape and become ‘unstoppable,’ experts warn
Coinbase is the latest to bet that AI agents will interact with and transact across multiple services.
Stablecoin issuer Circle last month launched tools letting AI agents use wallets, discover services and make programmable payments with its token. Circle CEO Jeremy Allaire has predicted that billions of AI agents will use stablecoins within five years.
Earlier this month, the stablecoin and wallet infrastructure provider Crossmint launched a service that enabled AI agents to make payments using eligible Visa credit and debit cards.
Crypto investment firm Keyrock said in a report in May that AI agents had quickly created a “developed ecosystem,” and had settled $73 million across 176 million transactions between May 2025 and April 2026.
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