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XRP Ledger generated less than $400 in fees yesterday

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XRP Ledger generated less than $400 in fees yesterday

Chain fees on the XRP Ledger (XRPL) were less than $400 on Wednesday, according to DefiLlama, which tracks fees across major blockchains.

Bithomp, another explorer, estimated users of the blockchain burned 327 XRP over the past 24 hours, confirming the total as worth less than $400.

Expanding the timeframe to a week doesn’t do much to improve the figure. XRPL generated $3,100 in chain fees over the past week, and roughly $16,000 over the past month.

For a sense of scale, Bitcoin users paid miners $183,000 worth of transaction fees yesterday. On the same day, Ethereum generated more than $323,000, while Solana pulled in $358,000.

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Tron cleared more than $1 million.

Embarrassingly, the entire trailing 12 months of XRPL chain fees sum to less than a single day at Tron.

A busy network earns almost no fees

To be strictly accurate, XRPL chain fees are burned, a minor distinction from the customary practice of coin payments to miners or validators.

Still, the value of XRP burned to conduct transactions on XRPL is comparable to the value of transaction or chain fees paid to miners or validators on other blockchains.

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The explanation for the tiny figure is as simple as it is devastating. Every XRPL transaction destroys a tiny, minimum amount of XRP as an anti-spam measure.

The base cost is 0.00001 XRP, or 10 drops, as the network’s own documentation confirms.

At yesterday’s XRP price near $1.11, that rounds to one thousandth of one cent per transaction.

This contrasts starkly with market-fluctuating, demand-based transaction fees like Bitcoin where chain fees fluctuate in value wildly by day. Indeed, although Bitcoin users typically pay a few hundred thousand dollars worth of daily transaction fees to miners, on a day like April 19, 2024, they paid over $80 million.

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On XRPL, fees stay microscopic even when the network is busy. Indeed, the network is quite busy, routinely processing more than a million transactions a day, including many computational, non-payment data requests.

Unfortunately, even an impressive million transactions at the base rate of 10 drops burns just 10 XRP. Run the math at current XRP prices, and a million transactions costs less than $20.

Read more: David Schwartz says don’t invest in Ripple

XRP Ledger fees slow to a trickle

XRPL chain fees are burned, not paid to validators, so no one has any particular motivation to buy XRP on the basis of earning chain fees.

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Although burns do reward all token holders equally by reducing supply, their tiny dollar value mostly exists to deter spam.

As a result, the mechanism of chain fees captures only a de minimis measure of the network’s activity, which is dwarfed by its $69 billion market capitalization — almost all of which is speculative investment.

Even by its own low standards, the XRPL is slowing down. Analytics firm Glassnode found that daily fees fell about 89% over the course of 2025.

Last December was “the lowest level seen since December 2020.”

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Protos previously documented the same decline from another angle, with active XRP Ledger addresses down 80% during the first half of 2025. The pattern is consistent.

At time of writing, XRP trades at $1.11, down 40% year-to-date and 52% over the past 12 months. The blockchain underneath it earned less than $400 in chain fees yesterday.

Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on XBluesky, and Google News, or subscribe to our YouTube channel.

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BlackRock files to list its bitcoin income ETF, BITA expected to launch next week

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BlackRock files to list its bitcoin income ETF, BITA expected to launch next week

BlackRock took another step toward introducing its bitcoin income exchange-traded fund on Nasdaq, filing a share registration document that often signals an imminent debut.

The world’s largest asset manager filed the Form 8-A for the iShares Bitcoin Premium Income ETF on Thursday, usually one of the last procedural moves before an ETF goes live.

The filing “typically means launch in one week,” Eric Balchunas, an ETF analyst at Bloomberg, wrote on X, adding that he would bet the fund, ticker BITA, starts trading on June 18.

Balchunas said a day earlier that he expected the fund to debut “very soon” and noted BlackRock was racing to beat a competing Goldman Sachs product to market. Goldman’s fund is due to go live around July 1.

BlackRock’s fund will earn income by selling call options on BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot bitcoin ETF, with $49 billion in net assets. Each month, it will write options on a portion of its holdings and collect the premium as income.

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Ethereum Price Prediction: 3 Million ETH Rushes Into Staking as Sellers Vanish

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ETH validator exit queue that spooked markets in September 2025 has effectively returned to zero. Ethereum price prediction is bullish.

Is nobody leaving Ethereum? A record 36 million ETH is now locked in staking, roughly 29–30% of the circulating supply, and the validator exit queue that spooked markets in September 2025 has effectively returned to zero. Ethereum price prediction is bullish.

According to trackers, staked ETH is now valued at over $144 billion, compressing liquid sell-side supply on exchanges.

ETH validator exit queue that spooked markets in September 2025 has effectively returned to zero. Ethereum price prediction is bullish.
ETH, Total Value Staked, Glassnode

In September 2025, the validator exit peak of 2.67 million ETH, the largest recorded wave of validators’ intention to leave the active set; today, that same metric sits near zero. Not just the exit queue that has gone to zero, there are also 3 million ETH waiting to enter the staking protocol.

However, exit queues can spike for mundane reasons, liquidity needs, portfolio rebalancing, and don’t always translate to sustained disengagement.

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Discover: The Best Crypto to Diversify Your Portfolio

Ethereum Price Prediction: Up or Down?

ETH is looking constructive, closing at $1,700, with 24-hour price action showing a 1.4% gain, as weakness turns into strength. The $1,500–$1,700 band has emerged as the primary structural support zone, with deeper floors flagged under $1,500. Initial resistance sits at $1,700, then $2,000, with the key higher-timeframe ceiling at $3,450.

Ethereum (ETH)
24h7d30d1yAll time

Two chart patterns are competing for attention. We identify an inverse head-and-shoulders formation that targets a potential retest of $1,800. Separately, a cup-and-handle pattern is pointing toward a break of $1,700 with extension potential toward $2,400.

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With longer-dated ETH price targets already circulating among analysts, the near-term question is simpler: can buyers absorb any macro-driven pressure while the staking supply squeeze tightens?

Discover: The Best Token Presales

LiquidChain Targets Early-Mover Upside as Ethereum Tests Key Levels

ETH’s structural setup looks compelling, but a 2x from here requires an enormous capital inflow. Early-stage infrastructure projects riding the same wave offer a different risk/return profile, and one presale drawing attention in the L3 space is worth examining.

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LiquidChain ($LIQUID) is a Layer 3 infrastructure project positioning itself as a cross-chain liquidity layer, fusing Bitcoin, Ethereum, and Solana liquidity into a single execution environment.

The architecture is built around four pillars: a Unified Liquidity Layer, Single-Step Execution, Verifiable Settlement, and a Deploy-Once Architecture that lets developers write once and access all three ecosystems simultaneously.

The presale is currently priced at $0.01469 per $LIQUID, with $830K raised to date. The thesis is straightforward. As ETH staking tightens supply and cross-chain activity scales, infrastructure that abstracts fragmentation becomes increasingly load-bearing.

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Research LiquidChain before committing capital.

The post Ethereum Price Prediction: 3 Million ETH Rushes Into Staking as Sellers Vanish appeared first on Cryptonews.

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European Gas Futures Tumble 5% on Trump’s Iran Peace Deal Announcement

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Dutch TTF Natural Gas Calendar (TTF=F)

Key Highlights

  • Dutch TTF natural gas futures plummeted more than 5% on Friday, reaching their lowest point in two weeks.
  • President Trump announced that a peace agreement between the U.S. and Iran might be finalized this weekend.
  • Planned U.S. military operations against Iran were cancelled by Trump, reducing conflict escalation concerns.
  • Approximately 20% of the world’s LNG supply passes through the Strait of Hormuz, making it a critical supply route.
  • Iranian officials have yet to confirm a finalized agreement, leaving markets in a state of cautious optimism.

Natural gas prices across Europe experienced a significant decline on Friday following remarks from President Donald Trump suggesting a potential diplomatic resolution with Iran. The Dutch TTF natural gas benchmark contract, Europe’s primary pricing reference, tumbled more than 5% to approximately €47 per megawatt-hour, marking its lowest trading level in a fortnight.

Dutch TTF Natural Gas Calendar (TTF=F)
Dutch TTF Natural Gas Calendar (TTF=F)

According to Trump’s statements, a comprehensive peace agreement could potentially be executed in Europe within days. The President also revealed that he had called off scheduled U.S. military actions targeting Iran. These developments triggered a rapid selloff in energy commodities as market participants scaled back expectations of imminent supply chain disruptions.

The Strategic Importance of the Strait of Hormuz

The Strait of Hormuz has emerged as a focal point for energy market anxiety throughout recent weeks. This critical maritime chokepoint facilitates the transit of roughly 20% of global liquefied natural gas shipments. Any military confrontation or blockade in this strategic waterway could severely constrain supply flows to European nations and international buyers.

Earlier in the week, Trump had issued warnings about potentially seizing Iran’s Kharg Island and asserting control over Iranian energy infrastructure. These aggressive statements had propelled gas prices toward multi-week peaks and maintained elevated anxiety among market participants as summer approached.

European markets face heightened vulnerability given that current underground gas storage inventories are tracking below previous year levels. Any constriction in global LNG availability could have amplified price increases during the critical summer storage replenishment period.

Qatar, a leading LNG producer, relies on Strait of Hormuz transit routes for its export operations. Although Europe sources considerable gas volumes through pipeline infrastructure and Atlantic basin suppliers, it remains a competitor for spot LNG cargoes in the international marketplace.

Traders Remain Wary Despite Price Decline

Notwithstanding the substantial price correction, market participants maintain skepticism about whether a definitive agreement has been reached. Iranian representatives have not yet publicly acknowledged the existence of a completed framework agreement, though some officials indicated that primary terms have been settled.

The United Kingdom’s natural gas futures contract similarly declined approximately 2% on Friday, briefly touching one-month lows during early trading before recovering modestly by settlement.

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Crude oil prices also retreated to two-month lows following the same diplomatic developments. Market analysts characterized Trump’s peace deal statements as the most substantive indication to date of genuine diplomatic progress.

The ICE Dutch TTF futures contract, serving as Europe’s benchmark gas pricing instrument, descended below the €47 threshold, briefly reaching €46.19 during intraday trading. This represents a notable retreat from levels exceeding €50 observed earlier in the trading week.

The geopolitical risk premium that had accumulated throughout weeks of escalating U.S.-Iran confrontation was rapidly being eliminated from market valuations. However, absent formal signatures on a binding agreement, traders are anticipated to maintain vigilance.

Any resumption of hostile actions or breakdown in diplomatic negotiations could swiftly reverse Friday’s price decline and propel European gas futures back toward their recent elevated levels.

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Collectible NFTs in focus during nations 250th anniversary

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Collectible NFTs in focus during nations 250th anniversary | Opinion - 3

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

The Digital Asset Market Clarity Act (CLARITY Act), establishing a permanent statutory boundary between federal agencies in regulating digital assets, was formally placed on the U.S. Senate Legislative Calendar. However, its immediate passage faces strong resistance as the bill recently stumbled over crucial hurdles regarding ethics disputes and law enforcement concerns. Prediction market odds on Polymarket for the bill passing have plummeted to 47-48% (down from over 74%), with a few session days left before the August recess to debate the bill alongside competing national security priorities.

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Summary

  • The SEC and CFTC’s joint token taxonomy classified digital collectibles as non securities, offering regulatory clarity for NFTs as the market shifts toward curated digital art collections.
  • Museums across the U.S. are expanding efforts to preserve digital art, with the Museum of Art + Light unveiling a permanent collection that includes blockchain native and AI assisted works.
  • The National Lighthouse Museum’s Statue of Liberty Art Show opened on Flag Day as part of America’s 250th anniversary celebrations, featuring works by Hunt Slonem and Selva Ozelli alongside historical imagery of Lady Liberty.

Nevertheless, the Memorandum of Understanding (MOU) issued by the SEC and CFTC   and the subsequent joint interpretive release established the first formal five-part token taxonomy, explicitly classifying digital collectibles as non-securities. This provided significant regulatory clarity by confirming that NFTs are not a security.  The NFT art market has transitioned away from the speculative frenzy of 2021 into a more consolidated ecosystem with curated, high-end digital art featuring themes of the 250th anniversary of our nation.  On Flag Day, celebrated on June 14th, which marks our nation’s first crypto President’s 80th Birthday, many museums are showing their commitment to preserving Digital Art for Future Generations and holding USA 250 themed exhibitions.

The Museum of Art + Light (MoA+L) unveiled its permanent digital art collection, featuring more than 40 works by 15 internationally recognized digital artists. Developed in partnership with Iconic, the collection represents a significant commitment to collecting, preserving, and exhibiting digital art that reflects the breadth, innovation, and cultural significance of digital artistic practice in the 21st century by a contemporary art museum in the US.

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“From the beginning, our partnership with the Museum of Art + Light has centered on the belief that digital art deserves the same level of institutional support, preservation, and public engagement as any other artistic medium,” said Chris Cummings, Founder and CEO of Iconic. “We are honored to have collaborated in helping establish a collection that not only celebrates today’s leading digital artists but also creates an important cultural resource for the future.”

Conceived as the first contemporary art museum in the world to showcase immersive, digital, and permanent collections from its inception, the MoA+L has intentionally built a collection that spans generative art, AI-assisted works, digital poetry, blockchain-native artworks, and hybrid physical-to-digital pieces to assemble a collection that captures key voices shaping contemporary digital culture.

“Building a permanent collection dedicated to digital art was never an afterthought for the Museum of Art + Light, it was foundational to our vision,” said Erin Dragotto, Executive Director of the Museum of Art + Light.

“As museums around the world continue to explore how digital art fits within their collections, we have had the unique opportunity to build a collection intentionally from the ground up. These acquisitions ensure that some of the most influential artists working with technology today will be preserved, studied, and shared with audiences for generations to come.”

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The National Lighthouse Museum (NLM) on June 14th, Flag Day, the NLM is launching the Statue of Liberty Art Show, which runs until January 2nd, 2027. Curated by Stevie Peters, the art show showcases a historical photo of Lady Liberty when she first arrived at NY Harbor — that is on loan from Victoria Westhead — and oil paintings by award-winning artists Hunt Slonem and Selva Ozelli.

Hunt Slonem joins the Statue of Liberty Art show with his signature “Bunny, Bird and Butterfly” series, which includes a US flag representing abundance, hope, and fertility; his Abraham Lincoln series depicting the timeless icon of American history as a “great soul,” a symbol of law and personal liberty; and his Chandelier series, which reflects his fascination with light and historic grandeur.

“On Marilyn [Monroe]’s desk, she had a picture of her mother and a picture of Lincoln. And she said, ‘I really didn’t know who my father was, so it might as well be Abraham Lincoln.’ I work with diviners and mystics, and one of them started channeling Lincoln in my house, [Lincoln] guided me to paint certain things, like my doves: he wanted me to paint them as a symbol of freedom.”

Collectible NFTs in focus during nations 250th anniversary | Opinion - 3

Selva Ozelli, joins the Statue of Liberty Art Show with her Ocean Lovers-Angel Fish Flag CCL a 20 ft by 13 ft US Flag from her Flag CCL series that represents the seven rays on the Statue of Liberty’s crown, depicting our world’s seven continents, seven seas, and its angel fish inhabitants, which are often regarded as a symbol of hope, peace, and spiritual guidance.

“I am honored to join the Statue of Liberty Art Show along with a historical photo of Lady Liberty and my favorite artist Hunt Slonem with my Ocean Lovers – Angel Fish Flag CCL painting. 

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For one hundred and forty years, The Statue of Liberty  in New York Harbor and  hundreds of replicas and models of “Lady Liberty” located around the world ranging   from small, historical models in Paris to full-sized or scaled-down copies in cities like Tokyo, Rio de Janeiro, and Las Vegas have become a very important symbol of  the global spread of liberty, freedom, democracy, law, hope and inspiration to serve every creature  of our world.”

Collectible NFTs in focus during nations 250th anniversary | Opinion - 4

“Whether people have seen Lady Liberty in real life in different cities or only in photographs, whether the people are American or from other nationalities or cultures, the Statue of Liberty,  which first served as a lighthouse standing tall in NY Harbor across from our museum has come to symbolize something important for people in their own lives at a very personal level – she represents a certain level of security, constancy, freedom, democracy, the rule of law, hope, and the abolition of slavery serving as a universal beacon of light, liberty and inspiration. We invite everyone who wants to see the Statue of Liberty Art Show or Lady Liberty herself and the largest waterfront spectacle, SAIL 4th 250…Where Light Meets Liberty! that will take place from July 3-8, 2026, in the Port of New York and New Jersey, with the main spectacle, the International Parade of Tall Ships, scheduled for July 4, 2026.

These events are part of America’s Semiquincentennial (250th) anniversary celebration and is expected to be the largest international maritime gathering in U.S. history, with over 30 tall ships from around the world, sailing up the Hudson River. Our museum, which is hosting a July 4 Watch Party Breakfast, will serve as a key viewing spot. For further details or to be an event sponsor, contact www.lighthousemuseum.org,” explained Linda Dianto, Executive Director of NLM.

About the Author:

Selva Ozelli Esq, CPA, is an international digital asset legal expert and author of Sustainably Investing in Digital Assets Globally.  Her writings are translated into 45 languages and republished in over 200 global publications.  She is recognized as an expert media/TV commentator on global digital asset regulation, tax, and technology matters.

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Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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Metaplanet acquires Siiibo Securities in $13.1m deal to advance Bitcoin strategy

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Could BoJ be the next central bank to tighten, hitting BTC

Metaplanet (3350) acquired Siiibo Securities, a Tokyo-based Type I Financial Instruments Business Operator, in a deal valued at approximately 2.1 billion yen ($13.1 million), the Japanese bitcoin treasury company announced on Friday.

Following the completion of the transaction, Siiibo Securities will become a wholly owned subsidiary, renamed Metaplanet Securities.

The acquisition marks the first major step in Metaplanet’s “Project Nova,” a long-term strategy aimed at building a bitcoin-focused financial ecosystem. The company, which holds 40,177 BTC ($2.6 billion) as of May 31, views bitcoin not only as a treasury asset but also as the foundation for a new generation of financial products and services.

Siiibo Securities specializes in corporate bond issuance and distribution through an online platform and has supported more than 100 bond offerings for over 40 companies. Metaplanet believes the firm’s regulatory licenses, customer base, and securities expertise complement its ambitions in digital assets and tokenized finance.

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The companies expect synergies including the development of bitcoin-linked investment products, expanded securities distribution capabilities, and the creation of tokenized financial instruments. Metaplanet also plans to leverage Siiibo’s platform to provide new yield-generating opportunities for investors and strengthen its presence in Japan’s evolving digital asset market.

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Binance drops TON ticker as GRAM trading starts July 2

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Binance drops TON ticker as GRAM trading starts July 2 - 2

Binance will support the rebranding of Toncoin to Gram, moving the exchange’s TON markets to the GRAM ticker through a staged process ending in early July.

Summary

  • Binance will swap TON to GRAM at 1:1 while removing old spot pairs in stages.
  • TON futures, margin, loans, earn, convert and pay services face separate June removal deadlines too.
  • Toncoin traded near $1.71 as the Gram rebrand kept Telegram-linked market attention active this week.

Binance said it will support the Toncoin rebrand to Gram and handle the technical process for affected users. The exchange will swap TON tokens to GRAM at a ratio of 1 TON to 1 GRAM.

“Binance will handle all technical requirements for users who are involved in this event,” Binance said in its announcement.

The change means users holding TON on Binance do not need to manually complete the swap. The exchange will move eligible balances to the new GRAM ticker after the rebrand process is completed.

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Binance old TON pairs will close

Binance will remove all TON spot trading pairs at 03:00 UTC on June 30. The affected pairs include TON/FDUSD, TON/IDR, TON/TRY, TON/U, TON/USD1, TON/USDC, and TON/USDT.

All pending TON spot orders will be canceled when trading stops. Binance will then open GRAM/FDUSD, GRAM/IDR, GRAM/TRY, GRAM/U, GRAM/USD1, GRAM/USDC, and GRAM/USDT at 08:00 UTC on July 2.

Deposits and withdrawals of TON will be suspended at 03:30 UTC on June 30. GRAM deposits and withdrawals will open at 07:00 UTC on July 2, one hour before spot trading begins.

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After the process ends, Binance said it will no longer support deposits and withdrawals of TON tokens. Users who move TON to Binance close to the deadline must leave enough time for deposits to process.

Futures and other products face deadlines

Binance Futures will close all TONUSDT USD-M perpetual positions and settle the contract at 09:00 UTC on June 23. Users will not be able to open new orders from 08:30 UTC on that date.

The exchange also warned futures users to monitor open positions during the final hour. Binance said reduced liquidity and market volatility may affect settlement conditions before the contract is removed.

Margin, loans, Simple Earn, Dual Investment, Pay, Gift Card, Convert, and Buy & Sell Crypto services will also face separate deadlines. Binance Margin will remove TON from cross and isolated margin on June 23.

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TON Simple Earn products will stop accepting support from June 26. Remaining positions will be redeemed to users’ spot accounts, then resubscribed as GRAM products after the swap where applicable.

Gram rebrand follows Telegram push

The rebrand returns Toncoin to the Gram name used in Telegram’s original blockchain plan. TON will remain the name of the network, while GRAM will become the token ticker on Binance.

As previously reported by crypto.news, Pavel Durov said Gram was the original name of the token in TON’s first white paper. He also said the rebrand does not require a token swap at the network level.

As reported earlier this month, Toncoin rallied earlier in June after the Gram plan revived trader interest. TON traded near $1.71 on June 12, with a 24-hour gain of about 4%, according to crypto.news data.

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Binance drops TON ticker as GRAM trading starts July 2 - 2
Toncoin (TON) price chart, source: crypto.news

The Binance timeline now gives holders clear exchange deadlines. Spot holders can wait for the automatic swap, while futures, margin, loan, and product users may need to close or adjust positions before the listed dates.

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FIFA World Cup fans warned as crypto linked scam sites emerge

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Fake domains impersonating FIFA website.

Crypto scammers have set up at least three World Cup-related fraud operations linked to four cryptocurrency addresses as millions of fans prepare to attend the 2026 FIFA World Cup, according to blockchain intelligence firm TRM Labs.

Summary

  • TRM Labs identified fake World Cup ticketing sites and a fixed match betting scheme linked to four cryptocurrency addresses.
  • U.S. authorities and FIFA have warned fans against buying tickets through unofficial websites as phishing and fraud campaigns increase ahead of the tournament.
  • The scams emerged as the 2026 FIFA World Cup opened across the U.S., Canada and Mexico, with about 6.5 million attendees expected.

TRM Labs said it identified two fake ticketing websites and a fixed-match betting scheme that were already targeting football fans as the tournament opened on Thursday across the United States, Canada and Mexico. 

FIFA expects roughly 6.5 million attendees during the competition and projects a global economic impact of about $40.9 billion, creating a large market for ticket purchases, travel bookings and betting activity.

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“Criminals always look to exploit major events and cultural moments and they don’t wait until kickoff,” Ari Redbord, global head of policy at TRM Labs, told Cointelegraph. Redbord said fraud operators typically establish their infrastructure weeks before a major event and expand their activity once public attention reaches its highest point.

According to Redbord, cryptocurrency transactions also provide investigators and compliance teams with opportunities to trace suspicious activity before losses spread further.

Authorities have already warned of World Cup scams

Weeks before the tournament began, U.S. authorities had already raised concerns about World Cup-themed fraud campaigns.

In a July 4 warning, the Los Angeles County Sheriff’s Department said criminals were promoting fake World Cup tickets, hospitality packages, merchandise offers, streaming subscriptions and sports betting deals through websites and social media accounts designed to resemble legitimate FIFA services.

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Law enforcement officials noted that requests for payment through cryptocurrency, wire transfers, gift cards and other hard-to-recover methods often serve as warning signs of fraud. Fans were urged to purchase tickets only through FIFA’s official channels and avoid links distributed through social media posts, text messages and messaging applications.

Security concerns have extended beyond ticket sales. The Sheriff’s Department said attackers were creating websites that closely imitated official FIFA pages in an attempt to collect payment details, login credentials and other personal information.

Separately, the FBI also warned in May that threat actors were spoofing FIFA-related websites ahead of the tournament. According to the agency, those operations were designed to gather personal data, sell counterfeit tickets and carry out additional malicious activity.

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Fake domains impersonating FIFA website.

Fake domains impersonating FIFA website. Source: FBI

FIFA has also cautioned supporters against purchasing tickets through unofficial sources. The organization said tickets obtained outside its official platform could be invalidated or cancelled without notice.

Ticket demand has become a focal point as the tournament gets underway.

The Council on Foreign Relations reported that several opening matches in the United States and Canada had not sold out on FIFA’s platform as of Monday. Meanwhile, the Financial Times reported that official resale portals still listed about 176,000 unsold group-stage tickets earlier this week.

While legitimate tickets remain available through official channels, TRM Labs’ findings suggest fraud operators are attempting to capitalize on fan demand through counterfeit sales and betting-related schemes.

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The latest warning arrives during a year of rising crypto-related fraud. According to blockchain analytics firm Chainalysis, cryptocurrency theft has already reached $3.4 billion in 2026.

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BTC Jumps 3% on Iran Peace Deal But Fed Meeting Keeps Institutions Cautious

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Bitcoin News: BTC price climbed from $61,100 to above $63,400 on June 11 after President Trump cancelled planned Iran strikes and said a peace deal memo of understanding could be signed as early as this weekend, a 3% move that matched a broad risk-on rally across equities.

The catalyst cleared one major headwind, but it arrived against the backdrop of 13 consecutive sessions of Bitcoin ETF outflows totalling $4.4 billion, the worst institutional redemption streak since spot products launched in January 2024.

The Federal Reserve meets June 16–17, and that overhang has not moved.

Bitcoin (BTC)
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Bitcoin News: Iran Deal Sparks Risk-On Rally Across Crypto and Equities

Trump’s announcement that the US had stepped back from planned Iran strikes, and that Iran had agreed to much of the draft text of a peace framework, removed a risk premium that had been sitting on markets for weeks.

The S&P 500 jumped 1.75%, the Nasdaq surged 2.5%, and the Dow gained over 900 points on the same session. BTC price tracked all three, not gold.

That is the key distinction. Bitcoin’s behaviour through the Iran episode cuts directly against the safe-haven narrative.

When US-Iran tensions escalated, BTC fell alongside equities. When Trump announced the deal, it surged 3% in lockstep with the Nasdaq, a textbook risk-on move, not a safe-haven hold. Brent crude confirmed the macro read, dropping around 3% to near $90 a barrel as Strait of Hormuz supply risk eased.

Altcoins outran Bitcoin on the news. ETH gained 4%, Solana surged 6.8%, and Cardano climbed 6.6%, the kind of leverage differential that shows up when institutional risk appetite snaps back quickly across the liquidity stack.

Some analysts argue the selloff that preceded this move looks more cyclical than structural, pointing to the speed of the price recovery as evidence the underlying bid remained intact throughout.

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$4.4 Billion Out in 13 Sessions, The ETF Streak That Defines Institutional Positioning

Thirteen consecutive sessions. $4.4 billion in net outflows from spot Bitcoin ETF products. That is the worst redemption streak since spot ETFs launched, and it frames everything about the current setup.

Fidelity’s FBTC absorbed some of the heaviest selling pressure across the stretch, with IBIT also recording significant single-session redemptions, $214 million in one session on June 5 alone.

The outflow streak reflects demand drying up at the institutional level, driven by two simultaneous headwinds: geopolitical risk pushing capital toward gold and bonds, and Fed uncertainty suppressing risk appetite ahead of FOMC.

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Source: SoSoValue

One of those drivers cleared on June 11. The other has not. Bitcoin held its price through the bulk of the redemption streak, which is either a signal of resilience from retail and offshore demand absorbing institutional exits, or a tension that still needs resolution. We are not resolving it here.

Flow analysts have consistently flagged the divergence: strong price reactions to Iran headlines, ongoing US ETF outflows. The collapse in institutional and corporate BTC buying is the structural context the Iran rally sits inside. One relief catalyst does not erase 13 sessions of redemption behaviour on its own.

Discover: The Best Token Presales

FOMC June 16–17: The Headwind That Didn’t Clear

One headwind cleared. One remains. The Federal Reserve meets June 16–17, with market odds of a rate hold sitting at 98%.

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A hold is fully priced in, that is not the risk. The risk is in the statement and forward guidance that follows the decision.

Institutional caution through the full 13-session outflow streak was not purely about Iran. Stronger-than-expected May payrolls, rising Treasury yields, and fading near-term rate-cut expectations all compressed the case for re-risking into Bitcoin.

If the Fed signals a clear path toward cuts at the June 17 FOMC statement, the remaining macro headwind lifts and institutional flows have a cleaner re-entry argument.

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If the statement reads hawkish or ambiguous, higher for longer extended further, the relief from the Iran deal could fade fast.

The post BTC Jumps 3% on Iran Peace Deal But Fed Meeting Keeps Institutions Cautious appeared first on Cryptonews.

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BloFin Research: SpaceX IPO Beyond the Hype

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BloFin Research: SpaceX IPO Beyond the Hype

In a few days, the most anticipated IPO in history begins trading. Even people who have never bought a stock are talking about it. Before you join them, it is worth slowing down: what does SpaceX actually do, and does it make money? What are you really paying for at a $1.77 trillion valuation? And what are the risks of buying in?

How SpaceX Actually Makes Money

SpaceX is best understood as three distinct businesses operating at very different stages of maturity.

  1. Starlink is the commercial backbone. Its satellite constellation delivers broadband to locations conventional networks cannot reach economically, from maritime and aviation customers to remote regions without ground infrastructure.
      Because revenue is subscription-based, it is recurring and high-margin, and it accounts for the majority of the company’s top line. Strategically, the same technology underpins SpaceX’s longer-term ambitions: a Mars settlement would require an off-world communications layer, and a Starlink-style constellation is the logical first step.
  2. Launch services are the original and most visible business. Putting satellites and crew into orbit is what established SpaceX’s reputation and its lead in reusable, recoverable rockets.
  3. AI is the newest and most speculative addition. Through its ties to xAI and Grok, SpaceX is now linked to the broader AI cycle. It carries the largest long-term optionality and, at present, the steepest losses.

The composition matters more than the growth rate. Revenue rose 33% to $18.7 billion, but the company still posted a net loss of roughly $4.9 billion in 2025.

Launch is loss-making, AI is consuming cash quickly, and Starlink is the sole profitable segment. Even Starlink’s $4.42 billion profit is modest against a valuation measured in the trillions.

The picture, then, is of a fast-growing business that is not yet profitable on a consolidated basis, priced as though the future has already been delivered. Whether that price is justified is the question the rest of this brief examines.

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Competitive Strengths

  • Starlink dominance. Close to a monopoly in satellite internet, with high-margin recurring revenue and a strong growth trend.
  • Launch leadership. The only independent private company with this level of U.S. government backing, well ahead of peers on reusable, recoverable rockets.
  • AI and compute. xAI and Grok ride a huge market, and their eventual share could set the ceiling on SpaceX’s earnings.
  • Government contracts. Extensive deals including launches, with possible defense work such as Starshield.
  • Massive market. A space economy worth nearly $1.77 trillion by 2040, plus Mars transportation, where no other company is close.

Key Risks

  • High cash burn. Annual burn topped $5 billion in 2025, which is the real reason for the IPO: the company needs capital.
  • Valuation concerns. The most important risk is covered below.
  • Technical execution risk. Launches, landings, and Mars deployment all carry deep uncertainty, and a single failure could move the stock fast.
  • Key-person dependency. The stock revolves around Musk. Tesla rose over 300x since its IPO, but through repeated 70% to 90% drawdowns.
  • Regulatory and geopolitical risk. Heavy government ties can cut both ways, especially outside the U.S.
  • Competition. Little rivalry in launches and Starlink, but intense competition in AI, the most cash-hungry segment.

Is It Really Worth $1.77 Trillion?

At $135 per share, the valuation on day one is about $1.77 trillion, already above Tesla. However, SpaceX is still burning cash, while Tesla is now a steady cash machine that earns money every year.

One simple way to read this: price-to-revenue tells you how many dollars you pay for each dollar of sales.

SpaceX asks for 94, against Nvidia’s 36 and Tesla’s 12, while the average S&P 500 company sits near 2.7. Even Tesla in its unprofitable early years never reached a 94x multiple. On current earning power, that is a number worth weighing carefully.

Who Actually Controls SpaceX?

Musk holds about 42% of the equity, but through a dual-class structure (Class B shares carry ten votes each) he controls roughly 80%+ of the voting power, in practice close to total control.

For believers in Musk, that means fast, aligned decisions. But concentrating control in one person, given his unconventional style and political involvement, adds real risk to both SpaceX and Tesla.

IPO Structure: Tight Float, Heavy Retail

  • $135 per share, around 555.6 million Class A shares, roughly $75 billion raised.
  • Only about 4% of shares trade publicly at first, with 96% locked up. When very few shares are available, prices swing harder in both directions.
  • Retail allocation runs as high as 30%, well above the usual sub-10%, pointing to heavy retail participation that tends to amplify moves.

How It Might Behave After Listing

Comparable high-profile IPOs tend to share one feature: high volatility early on. A tight float plus heavy retail makes a big opening surge followed by a deeper pullback a familiar pattern.

And when people who never invest start calling it “free money,” sentiment is usually running hot, which is exactly when it pays to stay clear-headed.

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So whether you join in or watch from the sidelines, remembering that the swings may be large and managing your mindset matters more than chasing the crowd.

So how long will the hype last? Let us follow and look at this IPO of the century together.

Disclaimer: The information provided herein does not constitute investment advice, financial advice, trading advice, or any other sort of advice, and should not be treated as such. All content set out above is for informational purposes only.

The post BloFin Research: SpaceX IPO Beyond the Hype appeared first on BeInCrypto.

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Crypto Could Still Catch Up After Iran De-Escalation Sparks Global Market Rally: Data

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Optimism across global financial markets increased after US President Donald Trump announced that planned American strikes on Iran had been canceled.

New data shared by Santiment revealed that discussions on social media about peace talks, ceasefires, agreements, and conflict resolution climbed to their highest level this month following reports that negotiators are nearing a deal.

Iran Ceasefire Optimism

The proposed agreement is said to include an extension of the ceasefire, the reopening of the Strait of Hormuz, and the restart of diplomatic discussions. Santiment said the development triggered a strong reaction in traditional markets within an hour of the news emerging.

Stocks moved sharply higher, while gold and silver also gained as traders adjusted positions in response to expectations of a more stable geopolitical environment and a better economic outlook.

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Crypto markets, however, showed a weaker immediate response compared to traditional assets. Bitcoin was back above $63,000, pushing its weekly gains to a modest 1.7%. But the analytics firm believes that if confidence in a finalized deal continues increasing, crypto markets may still have room to recover as traders react to easing geopolitical uncertainty in 2026.

Separately, online interest in crypto has also picked up. Alphractal reported that Google searches related to crypto have started increasing again in June, which indicated renewed interest from retail investors. The platform said more people are searching for different crypto assets as they reconnect with the market and explained that spikes in Google Trends often appear during periods of strong fear or excitement.

Traders Stay Cautious

Other analysts believe the market still needs stronger confirmation. MN Fund founder Michaël van de Poppe said Bitcoin remains largely unchanged, with no confirmed breakout above the crucial $64,000 to $65,000 range. According to him, reclaiming that level is necessary for momentum to return across crypto markets.

He added that a major move immediately after the market open appears unlikely, partly because of the SpaceX IPO taking place today. However, van de Poppe said that if lower timeframes continue holding higher lows and tensions in the Middle East are resolved, the market could see a strong green week ahead in addition to improving liquidity flows into crypto assets.

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