NEAR Protocol (NEAR) declined 15.2% and Internet Computer (ICP) dropped 13.1%, leading the index lower.

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Bitcoin (BTC) has tagged a key bear-market trend line with its drop to four-month lows, with a “decent chance” of a rebound next.

Key points:

• Bitcoin revisits its 200-week simple moving average after trading above it since October 2023.
• The trend line functioned as resistance throughout the 2022 bear-market bottom and rebound.
• Bitcoin’s daily RSI approaches its most oversold since 2020.

Bitcoin bear-market trend line returns after nearly three years

Data from TradingView shows that for the first time since 2023, BTC/USD is back at its 200-week simple moving average (SMA).

The 200-week SMA is a key yardstick during Bitcoin bear markets. The trend line, which has only ever increased with time, currently sits at $61,626.

BTC/USD one-week chart with 200SMA. Source: Cointelegraph/TradingView

The last time price interacted with it was in October 2023, but during the 2022 bear market, it functioned as resistance until bulls fully regained control.

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Commenting, CollinTalksCrypto, creator of the social media channel of the same name, described the return of the 200-week SMA as a “key milestone.”

“Does it bounce here or keep dropping?” he queried in a post on X.

“My guess is BTC has a decent chance of bouncing soon as it’s been dropping pretty steeply. But honestly it’s anyone’s guess in the short term.”

BTC/USD one-week chart with 200SMA. Source: ColinTalksCrypto/X

ColinTalksCrypto included a chart showing various bull and bear flags over the past several years. As Cointelegraph reported, BTC/USD has now copied its bear-flag breakdown from the start of 2026.

He added that the “best bear market entries happen *below* the 200-week MA.”

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BTC price sparks more record “oversold” talk

Some optimistic market takes focused on the “oversold” nature of Bitcoin at its latest local lows.

Related: Bitcoin copying 2022 ‘almost perfectly’ as trader sees key support failing

On daily time frames, the relative strength index (RSI) dropped to 17.35, marking its lowest levels since 2020 along with the February drop.

BTC/USD one-day chart with RSI data. Source: Cointelegraph/TradingView

Responding, the X analytics account named after famous economist Frank A. Fetter stressed that BTC/USD was “pretty much the most oversold ever.”

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“It’s the area to accumulate your positions, if you have a strong thesis on Bitcoin from here,” crypto trader and analyst Michaël van de Poppe added on the back of both RSI data and the revisit of the 200-week SMA.

Van de Poppe put ongoing questions over Strategy’s corporate debt at the center of short-term price trajectory.

“Aside from that perspective, it’s all about STRC and the depeg; if that flips back upwards, it’s very likely time for Bitcoin to bounce back too,” he added. 

“If there’s a constant, continuous downward trend here, we’ll most likely see sub-$60,000 in the markets.”

BTC/USD one-week chart. Source: Michaël van de Poppe/X

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SimpleSwap is a self-custodial multi-source swap aggregator that pulls liquidity from well-known CEX and DEX sources under the hood. It is designed for direct wallet-to-wallet exchanges. Rather than holding your assets on a platform balance, the service lets you choose a crypto pair, enter a receiving wallet address, send the deposit, and receive the output asset directly in your wallet.

No manual comparison of exchanges, bridges, or swap routes needed. Routing happens under the hood across 20+ liquidity providers — you get the best available path without having to build it yourself.

SimpleSwap is most useful for straightforward crypto-to-crypto swaps, especially when you want to avoid holding funds on a centralized exchange. Of course, you can also use it to access assets that are not available or convenient to trade through your usual CEX or wallet swap tool.

Summarized briefly, some of the main points are:

• SimpleSwap supports wallet-to-wallet crypto swaps.
• Users do not need to keep a platform balance to make an exchange.
• The service aggregates liquidity from 20+ providers across CEX and DEX sources.
• Both fixed-rate and floating-rate swaps are available.
• The platform is very easy to use, rather than an order-book exchange.

Overall, the platform is well-suited to users who want a direct exchange flow, a large selection of assets, and fewer account-related steps. On the other hand, if you are looking for advanced trading tools, charting capabilities, limit orders (or more complicated order types), you might be better off with a full exchange environment.

SimpleSwap has been on the market for 8+ years, with 10M+ users. It supports 2,800+ swappable assets and aggregates liquidity from 20+ providers across CEX and DEX sources. The service is also used as a business solution by 6,000+ projects, including Exodus and Tangem.

What SimpleSwap Is

SimpleSwap is a self-custodial swap aggregator, not a custodial exchange. There is no long-term account balance to fund. Each transaction is a standalone swap: you send one asset from your wallet, and the converted asset is delivered to the receiving address you specify. No platform balance between swaps.

As you may have noticed, this is a structure that differs considerably from a centralized exchange. On a CEX, you have to deposit funds, trade within the platform interface, and withdraw later. With SimpleSwap, the exchange process is built around a single transaction flow rather than an internal trading account.

It supports a very wide range of cryptocurrency assets and uses multiple liquidity providers. SimpleSwap’s job is to find and execute a swap route in the background with the best rates.

The exchange supports two main rate types:

• Floating rate: the final amount received may vary based on market conditions and execution timing.
• Fixed rate: the rate is locked for a limited time, provided the user sends the correct amount within the required window and follows the transaction instructions.

Naturally, there are features beyond basic exchange flow. These include customer support, account-based loyalty benefits, business tools, integrations, exchange tracking, and more.

Is SimpleSwap Safe? How it Works

Yes, SimpleSwap is safe and legit – there have been no reports indicating otherwise, and the exchange has been on the market for more than 8 years, servicing over 10 million people with 99.9% uptime.  The exchange flow is equally straightforward. Here is how it works:

• Select the asset to send and the asset to receive.
• Choose the amount.
• Select a floating or fixed rate, where available.
• Enter the receiving wallet address.
• Confirm the exchange details.
• Send the deposit to the address provided by SimpleSwap.
• Track the exchange status until the output transaction is completed.

That’s it. The structure makes the platform very easy to use for standard crypto-to-crypto exchanges. There is no order book to manage, and there is no need to set market or limit orders. Of course, if these are features that you are looking for, it might be a good idea to explore a conventional CEX.

The most important step is to enter the receiving address correctly. Because SimpleSwap sends the exchanged asset to the address you provide in this step, entering an incorrect one can result in a loss of funds. The same applies to network selection.

The flow, as simple as it may be, still hides some risks, so just as with anything else involving sending and receiving cryptocurrency, you have to be very careful.

Supported Coins, Pairs, and Liquidity

One of the main practical uses of SimpleSwap is in its asset coverage and liquidity aggregation. As mentioned in the introduction, the service supports 2,800+ swappable assets and aggregates liquidity from 20+ providers across CEX and DEX sources, unlocking 3.2M+ trading pairs through a single interface.

Some of the supported coins include, but are not limited to:

• Bitcoin
• Ethereum
• Ripple
• Solana
• Monero
• Dogecoin
• Stablecoins, and more.

Rather than sourcing liquidity only from a single internal market, the platform does it through multiple providers, which allows the service to search for available rates and execute swaps at the best prices.

Of course, as it is with centralized exchanges, liquidity can vary by asset and market conditions. A swap between two major assets, such as BTC and USDT, or ETH and BTC, is usually more straightforward and executed at very convenient rates. However, if you are swapping a niche cryptocurrency for another niche cryptocurrency, this might mean a wider difference between the quoted and the final amount, longer time to process, and so forth – more or less like what happens on a thin order book.

For most floating swaps, estimation accuracy reaches 99.998%, which signals strong execution consistency.

Fees, Rates, and Swap Types

SimpleSwap doesn’t position itself as an order book exchange. Therefore, it doesn’t have fixed maker and taker fees for trading. Instead, the cost of using the service is reflected in the quoted exchange amount, along with the network fees involved in sending and receiving crypto.

I will break down the factors before you commit to a swap. These include:

• The quoted amount of the asset being received.
• The rate type: fixed or floating.
• The network fee for sending the deposit.
• Any blockchain fee is included in the outgoing transaction.
• The minimum and the maximum amount for the selected pair.
• The time limit for sending the deposit is especially important for fixed-rate swaps.

As you already know, SimpleSwap offers two main swap types: fixed-rate and floating-rate.

With a floating-rate swap, the final amount can change during processing. This is because the market rate may move significantly between when the quote is shown and when the swap is executed. Floating rates may be suitable for those of you who accept that the final amount can vary. Of course, they are much less predictable during periods of serious volatility.

With a fixed-rate swap, the rate is locked for a limited time. This gives you greater certainty about the expected amount, but only if you follow the conditions of the exchange. The deposit must match the required amount and arrive within the specified window.

Now, it’s very important to note that neither option is automatically better in every single case. A floating rate may result in a higher or lower final amount depending on market movements. A fixed rate, on the other hand, gives you more certainty but may include a different quoted amount (smaller) because the provider takes on price movement risk for the period of the swap.

Custody, Privacy, and KYC

With SimpleSwap, users don’t have to maintain an ongoing balance. At no point does the exchange take custody of your funds. This reduces the need to leave assets on an exchange after the transaction is complete, and gives you full control of your crypto.

The model reduces risks tied to centralized exchange balances. Because there’s no platform-side balance, your funds never sit on SimpleSwap between swaps.

Most standard crypto-to-crypto swaps can be completed without creating an account.

From a privacy perspective, SimpleSwap collects a lot less account-level information compared to a centralized exchange during a normal swap. Of course, you still need to keep in mind that these are on-chain transactions and that you must provide a wallet address as part of the transaction.

The main takeaway here is that SimpleSwap offers a lighter account setup than traditional CEX exchanges, but it remains within the compliance environment that applies to crypto services.

Pros and Cons of SimpleSwap

Here is the honest breakdown of where the SimpleSwap crypto exchange stands out and where it falls short.

In my usage of the platform, I isolated the following benefits:

• No standard account setup is needed for basic swaps.
• Funds are not held in a long-term exchange balance.
• The platform supports virtually all assets that I wanted to swap.
• The exchange process is quick and simple.
• Fixed and floating rates offer some flexibility.
• Each exchange has a tracking and an exchange ID.
• It can be very useful for pairs that are otherwise unavailable at standard CEXs.
• Loyalty program (up to 20% discount, up to 0.4% USDT cashback)
• Integration with more than 6,000 partners (Exodus, Tangem, etc)

The drawbacks that I can think of include:

• The final rate may not always be better than competing services.
• Floating-rate swaps can result in a different received amount.
• You don’t get full control over routing or execution venue.
• There is a risk associated with inputting receiving addresses.

Who SimpleSwap is Best For

SimpleSwap is best for those of you who want to exchange crypto directly between wallets without using a full trading account. It suits people who value a simple swap flow, the option to choose between fixed and floating rates, and broad crypto support. It can also work well for users who need access to assets or pairs that are not that convenient on traditional CEX platforms.

Who SimpleSwap is Not Best For

High-frequency and professional traders are hands down better off with a more expert interface. Those of you who need limit orders, charting tools, or precise execution controls should probably consider a more sophisticated environment.

Verdict: Is SimpleSwap Legit in 2026?

Yes, SimpleSwap is legit. It is a self-custodial multi-source swap aggregator that has operated continuously since 2018, processed 20M+ swaps, and is integrated into products used by millions. For wallet-to-wallet crypto swaps where control, privacy, and speed matter, the exchange works very well.

Its main use case is obviously straightforward: choose a pair, enter a receiving address, send the deposit, and wait for the exchanged crypto to arrive.

The service is most useful for those of you who want access to many coins without maintaining balances across multiple exchanges. The fixed-rate and floating-rate options also give users some flexibility, but that depends on whether they prefer price certainty or are willing to accept market movements

Overall, this SimpleSwap review finds the service works best as a wallet-to-wallet swap aggregator for users who want broad asset access without giving up self-custody. There are no credible SimpleSwap scam signals against the platform: 8+ years on the market, 10M+ users over time, and 6,000+ partner integrations support a legit track record across cycles.

The post Is SimpleSwap Legit in 2026? A SimpleSwap Crypto Exchange Review appeared first on CryptoPotato.

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Evernorth, an XRP-focused treasury company backed by Ripple, Kraken, Pantera Capital, and SBI Holdings, is telling institutional investors that real banks are already using XRP, and that the next 18 months will be defined not by whether adoption news happens, but by how much and under which ruleset.

The claim is specific: daily transactions on the XRP Ledger have surged to nearly 3 million, up from roughly 1 million in mid-2025, with Bitstamp, Ripple’s RLUSD stablecoin, and Braza Bank among the busiest names on the network. That is a real number. What it means for banking utility is a different question entirely.

The tension is structural. According to news, XRPL transaction volume has tripled in roughly 12 months, and at least one major European bank has deployed its regulated euro stablecoin on XRP, selecting it as one of four public chains for that purpose.

Xrp (XRP)

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But XRP on-chain metrics and exchange flows tell a more complicated story about whether that volume represents persistent banking infrastructure or a concentrated surge driven by a handful of known actors. The marketing narrative and the on-chain data are not opposites. They are simply not the same thing.

Discover: The Best Crypto to Diversify Your Portfolio

XRP and Banking Rails News: What the On-Chain Data Shows

Evernorth’s chief executive, Asheesh Birla, has argued in a news outlet that XRP’s long-term value will come from banks and businesses using it as working capital, not from retail trading.

That framing matters because it sets a specific evidentiary bar: not speculative demand, not ETF flows, but bank-originated settlement volume. Against that bar, the data is partially supportive and partially aspirational.

The XRPL’s jump to nearly 3 million daily transactions is documented and real. The busiest names driving that traffic, Bitstamp, RLUSD, Braza Bank, are identifiable financial institutions, not anonymous wallets or wash-trading vectors.

In May 2026, Evernorth highlighted a tokenized U.S. Treasury redemption that coordinated Mastercard, J.P. Morgan’s Kinexys, Ondo Finance, and Ripple using XRPL as the common settlement layer, with Ripple receiving USD proceeds in Singapore outside normal banking hours.

Evernorth described XRP as “settlement infrastructure in one of the most significant cross-institutional blockchain transactions to date.” That transaction happened. It is not fabricated.

What the data does not yet confirm is whether these events represent systematic banking adoption or high-profile pilots.

Ripple’s On-Demand Liquidity service has been live in production since at least 2018, using XRP as a bridge asset across cross-border corridors in markets like the Middle East and Southeast Asia. Volume in those corridors is real but geographically concentrated, not the global banking rail the headline narrative implies.

Institutional-sized transfers on XRPL are stable in 2026, but Chainalysis data indicate they increasingly compete with USDC and wholesale CBDC projects for share of institutional settlement flow.

The XRPL protocol itself is being upgraded with exactly this gap in mind. Pending amendments include Token Escrow, a Permissioned DEX, and Restricted Environments, compliance infrastructure explicitly designed to give regulated institutions whitelisted venues and escrowed settlement flows on-chain.

The proposed XLS-66 XRP Lending Protocol would embed single-asset XRP vaults, fixed-term loans, and ZK-enhanced privacy directly into the ledger, eliminating external smart contracts and bridges. Validators are currently voting on XLS-66, and it requires an 80% supermajority to activate.

It is not yet live. Analysts covering the proposal have framed it as a bid to unlock a $100 billion lending and collateral opportunity on XRPL, but until consensus is reached, that is infrastructure on the drawing board, not banking activity on the ledger.

Discover: The Best Token Presales

The post XRP News Today: Ripple-Backed Firm Claims Real Banks Are Already Using XRP Daily appeared first on Cryptonews.

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Solana (SOL) dropped to its lowest price since December 2023 this week, sliding toward $68 as more than $88 million in leveraged positions were wiped out across the market.

Long traders absorbed almost all of the damage. On-chain activity and social interest had been weakening for months before the breakdown, which suggests the selloff reflected fading demand rather than a single shock.

Long Liquidations Account for 94% of the Damage

The market liquidated $88.45 million in SOL positions over 24 hours, according to Coinglass data. Of that total, $83.53 million came from long positions against just $4.91 million in shorts.

That split means bullish traders accounted for roughly 94% of the losses. The data also shows 12,084 traders liquidated worldwide as SOL volatility passed 12% on the day.

The 90-day comparison makes the move stand out. The long liquidation spike near $84 million was the tallest reading on the entire chart, and it landed exactly as the price collapsed toward the lows.

Active Addresses Have Fallen Since February

The leverage flush did not happen in isolation. Solana network usage has been declining steadily, which points to weaker underlying demand.

Daily active addresses peaked near 5.5 million in early February, according to Santiment. The metric now sits around 2.91 million, roughly half the February high.

This matters because price held a consolidation range between $78 and $95 through spring, while usage kept falling. That divergence often warns that a sideways market lacks real support. The recent break toward fresh lows followed the same pattern flagged in earlier unstaking analysis.

Social Interest Fades as Rallies Get Sold

Crowd attention tells a similar story. Social volume has trended lower, with the latest reading down at 39, near the bottom of its three-month range.

Social dominance gained briefly in mid-May when SOL staged a short bounce, yet it has since rolled over to 0.687. The token now commands a smaller share of overall crypto conversation.

The pattern is telling. Bursts of chatter did not put a floor under price, and each spike in attention was sold into rather than bought. Fading interest leaves little fresh demand to defend support.

SOL Weekly Chart Confirms the Breakdown

The weekly chart ties the data together. SOL closed the latest candle near $68.46, down almost 17% on the week, its lowest level since December 2023.

Price has lost the 0.786 Fibonacci retracement at $73.31, turning former support into resistance. It was also rejected at the long-term resistance zone around $100, a shelf that previously acted as support in early 2024.

Weekly volume has been declining throughout the descent, which signals thin conviction behind every rally attempt. The weekly RSI has rolled into bearish territory, confirming weak momentum on the highest timeframe.

At the time of writing, Solana traded near $68.53, down about 9% over 24 hours, with a market cap close to $39.6 billion at rank seven.

For now, all four data sets point the same direction. A rebound in network usage and steady spot demand would offer the first evidence that selling pressure is starting to ease.

The post Solana (SOL) Hits Lowest Level in 2.5 Years as $88 Million in Longs Get Liquidated appeared first on BeInCrypto.

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• Catapult Trade has appointed Claire “Cookie” Dang as VP of Growth and Co-Founder.
• Dang previously held growth and business development roles at Binance, KuCoin, and Crypto.com.
• The expansion is being funded in part by the KuCoin Ventures investment.

Catapult Trade has appointed Claire “Cookie” Dang as VP of Growth and Co-Founder, the latest in a series of moves that have widened the trading platform’s operations following an investment from KuCoin Ventures.

Dang held growth and business development roles at Binance, KuCoin, and Crypto.com before joining and will lead community growth and international expansion.

Her arrival has come alongside a broader push on the company’s external presence.

Catapult Trade has launched a sponsored podcast, Terminally Online, featuring Web3 founders and operators, and has assembled a media network from acquired social channels with a combined reach of over 20 million followers.

The company has also run trading activity collaborations with the exchange Gate.

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The expansion is being funded in part by the KuCoin Ventures investment, disclosed earlier this year; terms were not made public, and the company said its funding round remains open, with proceeds also directed toward regional expansion in markets underserved by conventional financial infrastructure.

Catapult Trade opened to the public in December 2025 after a pre-launch incentives campaign that built its first base of traders and creators.

The platform runs on algorithmically generated price charts rather than an orderbook or live price feed.

Each session’s full price path is generated in advance and committed to a cryptographic hash published before trading begins, then revealed at settlement, letting users verify that the chart was never altered mid-session.

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The company frames the design as a correction to conditions on memecoin launchpads, where hidden information has consistently worked against retail traders.

Since launch, the platform has recorded more than $1.5 billion in cumulative trading volume and over 80,000 monthly active users, with no paid acquisition behind the figures.

The platform’s chart-generation engine has passed two independent security audits, most recently by Halborn and earlier by Hashlock, with the company committing to annual reviews.

A points system has run since launch, fueling speculation about a token distribution; the company has confirmed in community sessions that a token is planned, but has released no allocation or vesting details.

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A second product, Catapult Hyper, is in development and would extend the platform from synthetic charts into multichain token launches built on LayerZero’s omnichain fungible token standard.

The build-out reflects the standards now being applied to crypto products.

Where the previous cycle’s flagships rested on token speculation, the current cohort, led by names such as Hyperliquid in perpetuals and Polymarket in prediction markets, is judged on user demand and revenue.

Catapult Trade is being scaled on the same terms, in a category, gamified short-session trading on verifiable charts, that has yet to see an incumbent at scale.

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The largest cryptocurrency by market capitalization has been nosediving lately, with its price posting another substantial decline over the past 24 hours.

Multiple analysts believe the valuation could reach new lows in the near future, while one key indicator suggests a rebound could be on the horizon.

How Much Lower?

There’s no way to soften what’s been happening to BTC lately. Its price has lost over $20,000 in the past month alone, and several hours ago it dipped to nearly $61,000, the lowest point since early February. The reasons behind this carnage are many and various: Strategy’s historic decision to sell some Bitcoin, the escalating conflict in the Middle East, the massive outflows from spot ETFs, and the bear market reigning across the broader crypto market.

Currently, the asset trades at around $62,500, which is a slight comeback, but according to numerous industry participants, the worst is yet to come.

Ali Martinez recently claimed that the plunge below $72,000 has put BTC in “a vulnerable position.” He said that, based on the MVRV Pricing Bands, the next major support is between $50,000 and $54,000.

For his part, X user Ted argued that BTC’s “head-and-shoulders” breakdown target is still not complete. He described $49,000 as “a good bottom zone,” drawing parallels to the August 2024 low.

Somewhat expected, the major collapse of BTC’s price gave Peter Schiff the opportunity to make a highly pessimistic prediction. The well-known crypto critic and outspoken proponent of gold forecasted that the valuation could nosedive to $20,000 if it breaks $50,000.

“It should be a quick fall below $20K, which should be a big enough drop to shake the conviction of long-term HODLers, causing many to finally throw in the towel,” he added.

Light at the End of the Tunnel?

Contrary to the bloodbath and the predictions of a further collapse ahead, BTC’s Relative Strength Index (RSI) suggests it might be time for a resurgence. The technical analysis tool is often used by traders to spot potential price reversal points, as it indicates whether the asset is oversold or overbought.

It runs from 0 to 100, and anything below 30 indicates that the price has fallen too much in a short period of time and could be due for a comeback. On the other hand, readings above 70 signal that a pullback might be on the horizon. Just a few hours ago, the RSI dropped to 11, its lowest level in four months, and has since risen to approximately 16.

The post Top Bitcoin Price Predictions After BTC’s 15% Weekly Collapse appeared first on CryptoPotato.

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