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Mostrando postagens de junho, 2025

XRP, TRX, DOGE Lead Majors With Positive Funding Rates as Bitcoin's Traditionally Weak Quarter Begins

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A key metric called perpetual funding rates is signaling bullishness for top altcoins as bitcoin (BTC) kicks off the traditionally weak third quarter quarter with flat price action. Funding rates, charged by exchanges every eight hours, refer to the cost of holding bullish long or bearish short positions in the perpetual (perps) futures (with no expiry). A positive funding rate indicates that perps are trading at a premium to the spot price, necessitating a payment from longs to shorts to maintain bullish bets. Therefore, positive rates are interpreted as representing bullish sentiment, while negative rates suggest otherwise. As of writing, perps tied to payments-focused token XRP (XRP), the world's fourth-largest digital asset by market value, had an annualized funding rate of nearly 11%, the highest among the top 10 tokens, according to data source Velo. Funding rates for Tron's TRX (TRX) and dogecoin (DOGE) were 10% and 8.4%, respectively, while rates for market leaders b...

BlackRock's Spot Bitcoin ETF Snaps Four-Week Downtrend in Volumes

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BlackRock's spot bitcoin (BTC) exchange-traded fund (ETF) listed on Nasdaq under the ticker IBIT rose 3.49% last week, snapping a four-week downtrend in trading volumes. A total of 210.02 million shares changed hands in the week ended June 27, registering a 22.2% growth from the preceding week's volume tally of 171.74 million shares, according to data source TradingView. That's the first weekly growth since the third week of May. The renewed upswing in volume comes amid continued demand for the ETF. Last week, IBIT registered a net inflow of $1.31 billion , following the preceding week's tally of $1.23 billion. The largest publicly listed fund has amassed $3.74 billion in investor money this month, according to data source SoSoValue. The 11 spot ETFs listed in the U.S. have collectively registered a net inflow of over $4 billion this month, marking the third consecutive monthly inflow. The chart shows that IBIT has formed a bull flag, mimicking the bullish continu...

Shiba Inu Whale Accumulation, 'Inside Week' Candle Offer Hope to SHIB Bulls

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Signs of green shoots have emerged in the shiba inu SHIB market, with whale accumulation and an inside week candle suggesting a price recovery ahead. SHIB's price has dropped nearly 27% to $0.00001160 since mid-May, hitting a 16-month low of $0.00001005 at one point, according to data source TradingView. The decline, however, prompted whales – investors with ample capital supply and ability to move markets – to go bargain hunting. These entities recently purchased 10.4 trillion SHIB tokens worth approximately $110 million, according to CoinDesk's AI insights. Meanwhile, prices bounced 11% in the seven days to June 29, forming an "insider week" candle, signaling a pause in the downtrend. The pattern occurs when the trading range (high- low) of a weekly candle is entirely contained within the range of the preceding weekly candle. It's a sign of indecision, with both buyers and sellers unwilling to lead the price action. The occurrence of the said candlestick pa...

Asia Morning Briefing: ETH Bulls Eye $3K as Validator Backbone Upgrade Rolls In

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Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. As Asia begins a new trading week, ETH is trading close to $2500, up 11% in the seven days, according to CoinDesk market data, outperforming BTC. Market observers have attributed ETH's outperformance versus bitcoin and other major cryptocurrencies to a string of bullish headlines in the past few weeks. Stablecoins have regulatory clarity thanks to the GENIUS Act – and Ethereum is home to the most stablecoin deposits; ETH exchange-traded funds (ETFs) continue to see sizable flow. Technical analysis by CoinDesk's analyst Omkar Godbole indicates a potential bullish case is forming on-chain, with traders increasingly viewing $ 3,000 ETH as a possibility in the near future. But behind the scenes, s...

Bitcoin Jumps After Trump Says Growth Will Offset Deficits, Boosting Bull Case for BTC and Gold

Bitcoin (BTC) BTC traded at $107,937 as of 22:22 UTC on Sunday, up 0.54% over the past 24 hours, as attention turned to fiscal policy tensions in Washington following President Trump's latest post on Truth Social. Price action remained volatile, with BTC fluctuating between $107,194 and $108,489 during the 24-hour window, according to CoinDesk Research's technical analysis model. On June 29, 2025, President Donald Trump posted a pointed message on Truth Social addressing Republican lawmakers amid intense debate over his sweeping tax-and-spending package. “For all cost cutting Republicans, of which I am one, REMEMBER, you still have to get reelected. Don’t go too crazy! We will make it all up, times 10, with GROWTH, more than ever before,” he wrote. This statement underscores the deep divisions within the GOP as it wrestles with the ambitious legislation dubbed the “One Big Beautiful Bill.” The bill, exceeding 900 pages, combines roughly $3.8 trillion in tax cuts with target...

Ondo Finance: ‘2025 Will Be the Year of Tokenized Stocks’

Ondo (ONDO) ONDO rose 1.5% to $0.7671 over the past 24 hours, holding near recent highs after a week of gains, according to CoinDesk Research's technical analysis model. The move comes roughly two weeks after Ondo Finance disclosed a new industry collaboration focused on setting standards for tokenized securities. In a June 17 blog post , the firm announced the creation of the Global Markets Alliance, a group of wallets, exchanges, and custodians working together to improve interoperability, investor protections, and access to tokenized real-world assets. Participants include the Solana Foundation, BitGo, Fireblocks, Jupiter, 1inch, Trust Wallet, Bitget Wallet, Rainbow Wallet, and Alpaca. The announcement comes ahead of Ondo’s planned launch of Ondo Global Markets, a platform aimed at allowing crypto wallets and applications to offer tokenized exposure to U.S. publicly traded securities, such as stocks, ETFs, and mutual funds, for users based outside the U.S. According to the co...

Robinhood Launches Micro Bitcoin, Solana and XRP Futures Contracts

Robinhood (HOOD) has introduced micro futures on bitcoin (BTC), solana (SOL) and XRP in the United States., expanding its existing crypto futures offering for its nearly 26 million funded accounts. Micro contracts need far less collateral than full-size futures, letting traders take directional positions while committing a smaller slice of capital. The contracts offer traders more flexibility to bet on a cryptocurrency’s future price direction or hedge current positions given their smaller size. The launch rounds out a futures suite that began with BTC and ETH in January. It also comes weeks after the firm closed its $200 million purchase of Bitstamp and finalized a $179 million deal for Canada’s WonderFi. Robinhood’s data shows that crypto notional volumes have exploded upward over time, reaching $11.7 billion in May. The figure marks a 36% rise month-over-month, and a 65% growth year-over-year. source https://www.coindesk.com/markets/2025/06/28/robinhood-launches-micro-bitco...

Why is XRP Up Today? Trio of Catalysts Sees Token Outperform Wider Crypto Market

XRP climbed 5.5% to $2.19 in the last 24 hours after a trio of catalysts converged to help the cryptocurrency outperform the wider cryptocurrency market. One of the catalysts was launch of XRP micro futures on Robinhood. The contracts offer traders more flexibility to bet on the cryptocurrency’s future price direction or hedge current positions given their smaller size. Regulatory fog also thinned. On Friday, Ripple withdrew its cross-appeal in its long-running U.S. Securities and Exchange Commission (SEC) lawsuit. The SEC sued Ripple back in 2020 over its XRP sales, alleging these violated securities laws. The SEC is expected to drop its own appeal, leaving last year’s ruling, ordering Ripple to pay a $125 million civil penalty to the SEC, intact. The move could lift a lid that had kept some investors on the sidelines. On-chain data rounded out the bullish setup. The XRP Ledger logged over a 1.1 million active addresses over the past week according to crypto analyst Ali Martinez,...

Bitcoin Treasury Corp Boosts Holdings to 771 BTC, Plans Lending After $51M Buy

Bitcoin Treasury Corporation, a Canadian firm focused on bitcoin-related services, has wrapped up the first leg of its bitcoin buying campaign, adding 478.57 bitcoin (BTC) for CAD $70 million ($51 million) and boosting its total holdings to 771.37 BTC. The accumulation works out to roughly 0.0000634 BTC per fully diluted share, the company said in a Friday press release . The Toronto-based firm plans to lend part of its BTC treasury to trading desks and other counterparties that need ready access to the cryptocurrency. The approach mirrors that of numerous other companies adopting bitcoin as a treasury reserve asset. Publicly-traded companies now hold a total of 841,715 BTC worth over $90 billion, according to Bitcointreasuries data, while private firms are estimated to hold 290,878 BTC worth over $31 billion. source https://www.coindesk.com/markets/2025/06/28/bitcoin-treasury-corp-boosts-holdings-to-771-btc-plans-lending-after-usd51m-buy

XRP Slides 5% as Selling Pressure Intensifies Despite Whale Transfers

XRP faced sharp downside pressure over the last 24 hours, falling 5.3% despite large-scale whale activity and easing geopolitical tensions. The asset dipped from $2.21 to a session low of $2.08 before a modest recovery to $2.10. While the broader crypto market attempted to stabilize following ceasefire agreements in the Middle East, XRP’s momentum remained fragile, with technical resistance building at $2.17. News Background Market sentiment improved slightly after former U.S. President Donald Trump reportedly helped broker a ceasefire between Iran and Israel, calming some investor fears. Despite that, XRP struggled to hold recent gains as traders reacted to large on-chain movements. Ripple transferred $439 million worth of XRP to an unknown wallet, and other whale wallets moved another $58 million to centralized exchanges — raising questions about potential distribution or internal reshuffling. Although these events drew attention, the token’s inability to reclaim $2.14 resis...

XRP, Solana Lead Profit-Taking Among Crypto Majors Even as Bullish Mood Persists

Bitcoin BTC traded around $107,000 on Friday as crypto markets took a breather, with investors booking profits in majors like XRP XRP and Solana’s SOL SOL despite strong macro tailwinds. XRP dropped over 4% to reverse gains from earlier in the week, while Solana slid 3% to retest the $140 support level. BNB Chain’s BNB BNB, dogecoin DOGE, Cardano’s ADA ADA and ether ETH showed losses below 2%. The slight pullback follows a generally positive week for crypto majors, driven by cooling inflation indicators, diminishing geopolitical risks, and renewed optimism surrounding crypto policy frameworks in Asia. “We think that conditions are ripe for Bitcoin to surpass its previous all-time high of about $112,000,” said Jeff Mei, chief operating officer at crypto exchange BTSE, said in a Telegram message to CoinDesk. “Especially given that the Iran-Israel conflict seems to be over for the time being.”“Easing inflation fears and the likelihood of tariffs being watered down are compounding pres...

Caution on Bitcoin Double Top, But a Full-Blown Price Crash Seems Unlikely, Sygnum Bank's Tischhauser Says

Bitcoin's BTC double top prospects above $100,000 warrant caution, but a full-blown 2022-style crash looks unlikely unless an unexpected black swan hits, according to digital asset banking group Sygnum's Head of Investment Research Katalin Tischhauser. "The crypto market is strongly sentiment-driven as fundamental valuations are challenging; therefore, technical analysis signals such as the double top warrant caution. That said, a full-blown crash needs a catalyst like the Terra collapse of 2022 or the FTX blowup. Barring a similar black swan, we could see a prolonged bull cycle, based on the current political and regulatory support and sticky institutional capital flowing in," Tischhauser told CoinDesk in an interview. Bitcoin has spent 50 days mainly trading back and forth between $110,000 and $100,000, signaling an exhaustion of the uptrend near the highs reached in January this year. That has prompted several observers, including veteran technical analyst Peter...

Bitcoin's Bull Case Strengthens as Dollar Index Slides, Nvidia Hits Record High Amid Recession Cues

Bitcoin's BTC price has rebounded nearly 10% from weekend lows, with key developments in traditional markets supporting the case for continued gains ahead. The dollar index, which tracks the value of the greenback against major fiat currencies, dropped to 97.27 early Thursday, the lowest level since February 2022, according to data source TradingView. The decline follows growing calls for a July Fed rate cut and disappointing data on housing and consumer confidence. The weakening of the dollar, a global reserve currency, tends to ease financial conditions, galvanizing increased risk-taking in financial markets. "DXY [is] now at the lowest level since March 2022. Very bullish implications for global money supply growth and bitcoin," Andre Dragosch, director, head of research - Europe at Bitwise, said on X. BTC and NVDA correlation Meanwhile, shares in Nvidia (NVDA), a bellwether for all things AI and emerging technologies, rose 4%.33% Wednesday, hitting a record high ...

World Liberty Makes Narrative U-Turn, Says WLFI Token Will Become Tradable Soon

The Trump-affiliated World Liberty Foundation appears to be reversing course on a core promise of its crypto project — making its WLFI token transferrable after initially making it strictly non-transferable (and hence non-tradable). “You asked to make $WLFI transferable — we heard you,” the project’s official X account posted late Wednesday. “The team is working behind the scenes to make it happen. Big news coming soon.” WLFI, a token tied to the Trump family's branding and part of a broader push to monetize political fandom via crypto, was distributed to supporters earlier this year who participated in a presale. But with Wednesday’s update, the team is hinting at a pivot toward enabling trading — a move that would allow WLFI holders to speculate on the token’s price or sell their holdings on secondary markets. No timeline or technical details were shared, and the project’s broader utility — or legal standing — remains unclear. source https://www.coindesk.com/markets/2025/0...

Metaplanet Overtakes Musk's Tesla, Becomes Fifth Largest Corporate Bitcoin Holder

Metaplanet, the Japanese hotelier that has been scooping up bitcoin BTC, has become the fifth largest corporate holder of the largest cryptocurrency, racing past Elon Musk's Tesla. The Tokyo-listed firm bought 1,234 BTC for $133 million at an average price of $107,877. The latest buy has taken Metaplanet's bitcoin stash to 12,345 BTC at an average price of $98,303. Metaplanet has been steadily acquiring bitcoin, a strategy that has been copied by a host of firms across the world. The bitcoin reserve strategy was pioneered by Michael Saylor's Strategy, which remains the largest corporate holder of bitcoin with over 570,000 BTC. Metaplanet's latest buy takes its past Tesla's bitcoin holdings of 11,509 BTC, with the firm only trailing behind large crypto firms, such as MARA, Riot, Galaxy and Strategy. Read more: Metaplanet Raises $515M, Blockchain Group Adds $4.8M in Bitcoin Treasury Equity Moves source https://www.coindesk.com/markets/2025/06/26/metaplanet-ove...

NYSE Tweaks Rule to List Trump Media's Bitcoin-Ethereum ETF

U.S. President Donald Trump’s media company is accelerating its crypto play. The New York Stock Exchange filed for a rule change on Tuesday that would enable it to list the Truth Social Bitcoin and Ethereum ETF, a dual-asset fund proposed just last week by Trump Media and Technology Group. If approved, the ETF would hold bitcoin BTC and ether ETH in a 3:1 ratio and be custodied and executed by Crypto.com, which also serves as the fund’s liquidity provider. The filing, made under the SEC’s 19b-4 process, marks a key procedural step toward public trading but doesn’t guarantee approval. It comes less than a month after Trump Media said it would raise $2.4 billion to build its own BTC treasury, though there have been no announced purchases so far. Beyond the Truth Social ETF filings, Trump Media and Yorkville are planning a full suite of politically branded crypto products, including the America First Bitcoin Fund, the America First Blockchain Leaders Fund, and the America First Stab...

Crypto Trader Sees Bitcoin Hitting $160K by Year-End; ETH, SOL, ADA to Gain on Middle East Truce

Bitcoin BTC is back above $106,000 after dipping below five figures earlier this week, as global markets steadied on signs that a ceasefire between Israel and Iran is holding. Meanwhile, Ether ETH traded at $2,400, up 0.5% on the day, approaching resistance near $2,450. Dogecoin DOGE hovered at 16 cents after a minor 0.6% rise, while Solana’s SOL SOL dipped to $145, down 0.2%. Cardano’s ADA ADA slid nearly 1.3% to 58 cents after briefly testing the 60 cents level earlier in the week. Ryan Lee, chief analyst at Bitget Research, said BTC’s inability to stabilize immediately after its initial drop below $99,000 signaled lingering caution, even as ETF inflows — now totaling $46 billion — continue to provide structural support. “Its potential as a safe-haven shines through, but tempered risk appetite delays recovery,” Lee said. Despite this, Lee sees bitcoin hitting $110,000–$115,000 by Q3 and potentially $130,000–$160,000 by year-end. Lee expects ether to be in the $2,600–$2,800 in the...

Bitfinex Securities Is Taking a Different Approach to RWAs, Launches Two New Products in the U.K.

These days, the mention of blockchain-based real world assets (RWAs) conjures up traditional finance institutions, like BlackRock, presiding over billions of dollars in tokenized money market funds. But the original promise of crypto was about opening up finance opportunities to anyone. That’s the ethos Bitfinex Securities is sticking to with its latest tokenized equity issuances: two alternative finance products in the UK, one focused on community banking debt, the other on litigation relating to mis-sold car finance claims. Announced on Wednesday, Bitfinex Securities’ “ TITAN1 ” product will allocate 5 million british pounds ($6.8 million) into subordinate debt issued by Castle Community Bank, a firm supporting loans to financially excluded customers in Edinburgh, Scotland. This alternative debt product will provide investors with a 20% dividend per annum (net of fees), which will be paid quarterly for up to 10 years, with non-callable provisions for the first 5 years, according t...

Bitcoin's Upcoming $14B Options Expiry Marked by Surge in Put-Call Ratio. What Does it Indicate?

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Bitcoin's BTC put-call ratio has jumped ahead of Friday's multi-billion-dollar options expiry on Deribit, but its traditional bearish interpretation may not tell the full story this time. The put-call open interest ratio refers to the ratio of active put contracts to active call contracts at a given time. An increase in the put-call ratio indicates a bias towards put options, offering protection against downside risks, and is interpreted as representing a bearish market sentiment. However, the latest spike is at least partly driven by "cash-secured puts" – a yield-generation and BTC accumulation strategy. The strategy involves selling (writing) put options, a move analogous to selling insurance against price drops in return for a small upfront premium. At the same time, the writer keeps enough cash (in stablecoins) on the sidelines to buy BTC as obligated if the prices decline and the buyer decides to exercise the right to sell BTC at the predetermined higher price...

Ark Invest Continues to Dump Circle Shares, Buys Robinhood and Coinbase

Ark Invest is continuing to take profit from its bet on Circle's meteoric run as a listed firm. It also bought 4,198 shares of Coinbase, worth $1.3 million and 319,640 shares of Robinhood, worth $24.4 million. The Cathie Wood-led investment firm sold 415,855 shares of Circle across its various ETFS, valued at $109.6 million based on the stablecoin operator's last close of $263.45 on Monday. Last week, the investment company sold 609,175 shares of Circle. It had earlier sold Circle shares in two more tranches. Circle, which operates the second largest stablecoin USDC, was listed in the U.S. earlier this month. Since then, Circle has jumped 7.5 times from its IPO price of $31.Ark quickly scooped up shares of Circle and has been reaping in the profits since then. Read more: ARK Invest Dumps $146.3M More Circle Shares After Meteoric 670% IPO Surge source https://www.coindesk.com/markets/2025/06/24/ark-invest-continues-to-dump-circle-shares-buys-robinhood-and-coinbase

Cointelegraph Hit by Front-End Exploit, Fake Phishing Airdrop Pop Up on Website

Crypto media outlet Cointelegraph has confirmed its website was compromised by a front-end exploit on Sunday, with attackers injecting a malicious pop-up that falsely claimed to offer “CoinTelegraph ICO Airdrops” and “CTG tokens.” The fake banner urged readers to connect their crypto wallets in exchange for nearly $5,500 worth of tokens, citing a “fair launch” event and a bogus CertiK audit to lend legitimacy to the scam. “Do not click on these pop-ups, connect your wallets, or enter any personal information,” Cointelegraph warned in a post on X, adding that it was “actively working on a fix.” Victims are typically tricked into connecting wallets for token claims, identity verification, or loyalty rewards — only to have their funds siphoned immediately after. The tactic mirrors a nearly identical exploit on CoinMarketCap two days earlier , where attackers embedded similar code to serve wallet phishing prompts. In both cases, the attack relied on hijacking trusted platforms to bypa...

SOL, XRP, DOGE Lead Altcoin Recovery After $1B Weekend Liquidation

Crypto traders are in a rebound mode after the panic selling over the weekend, triggered by U.S. military strikes on Iran’s nuclear facilities, forced massive liquidations. Solana SOL, XRP XRP, and Dogecoin DOGE, which were hardest-hit among the altcoins, are showing signs of recovery as leveraged bets reset and spot buying returns. Liquidations pause as market resets Over the last 24 hours, crypto markets absorbed another $642 million in liquidations, adding to the $595 million flushed on Saturday, bringing the two-day tally to over $1.2 billion. Bitcoin BTC led the bleeding, with $230 million in liquidated bets, followed by ether ETH at $188 million in long liquidations. While, SOL saw $28 million in liquidations, XRP took $21 million, and DOGE over $25 million. Liquidation refers to when an exchange forcefully closes a trader’s leveraged position due to a partial or total loss of the trader’s initial margin. It happens when a trader is unable to meet the margin requirements for...

Metaplanet Buys 1,111 Bitcoin for $117M, Pushes Total Holdings to Over 11K BTC

Metaplanet, the Tokyo-listed hotel firm known for its bitcoin BTC acquisition strategy, has acquired 1,111 bitcoin for $117 million . The firm bought bitcoin at an average price of about $105681 per BTC. The crypto markets fell during the weekend after the U.S. bombed several nuclear sites in Iran, pushing bitcoin to lows of $98,000. Bitcoin has recovered from the weekend fall and is now trading over $101,000 at the time of writing. The latest acquisition pushes Metaplanet's total BTC stash to 11,111 bitcoin, worth over $1.1 billion, with an average buying price of $95,7000. Read more: Bitcoin Holds Key Support; Oil Disappoints 'Doomers' as Brent and WTI Erase Early Price Gains source https://www.coindesk.com/markets/2025/06/23/metaplanet-buys-1111-bitcoin-for-117m-pushes-total-holdings-to-over-11k-btc

Bitcoin Holds Key Support; Oil Disappoints 'Doomers' as Brent and WTI Erase Early Price Gains

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American poet Charles Bukowski famously said: "The crowd is always wrong," and his words seem to sum up the situation in the financial markets perfectly. Just 24 hours ago, social media was abuzz with fears that the U.S. airstrike on Iran's nuclear sites, combined with the talk of Iran mulling the closure of the Strait of Hormuz, will trigger a massive surge in oil prices, leading to a slide in stocks and cryptocurrencies. The reality, however, has turned out to be different. Oil prices on both sides of the Atlantic gapped higher by just 3% and have since erased most of the gains, according to data source TradingView. As of writing, a barrel of Brent oil changed hands at $77, up just 1.4% for the day. Prices gapped higher to hit a five-month high of $77.79. Similarly, the West Texas Intermediate crude (WTI) hit a high of $78.58 before falling back to $76.75. Meanwhile, bitcoin BTC, the leading cryptocurrency by market value, has risen back above $101,000, having hit...

Bitcoin Rallies Above $102K After Panic Sellers Dump Into War Fears

Bitcoin (BTC) BTC rallied above $102,000 after briefly falling below $101,000 in a volatile session marked by unusually heavy trading, according to CoinDesk Research's technical analysis model. Market participants reacted swiftly to the dip, which pushed BTC near the bottom of its month-long trading range. The reversal gained momentum as volume accelerated, leading to a strong rebound. The move coincided with a sharply worded post from James Lavish, a Managing Partner of the Bitcoin Opportunity Fund, who wrote on X : “If you are selling Bitcoin because of the possibility of the world going to war, you have absolutely no idea what you own.” The $100K–$110K range has contained price movement for nearly a month. On-chain metrics suggest a balanced market with neither excessive profit-taking nor aggressive accumulation, while derivatives data indicates cautious sentiment with continued demand for downside protection. Technical Analysis Highlights A midnight push lifted BTC above ...

ETH Drops 8% in Flash Crash, Recovers After Buyers Step In

Ether (ETH) ETH experienced a sharp flash crash during the 21:00 hour on June 21, falling 7.56% from $2,406 to $2,224, according to CoinDesk Research's technical analysis model. The sudden price drop triggered heavy trading activity, with more than 751,000 ETH changing hands—nearly five times the average hourly volume. Despite the steep decline, buyer interest surged around the $2,250 level, helping the asset recover to $2,292. During the hour following the crash, ETH rose 0.19% from $2,287.54 to $2,291.92. A volume spike at 05:58 accompanied a 3.15% price jump on 7,314 ETH, establishing a new support zone near $2,290. The price action that followed formed an ascending channel with higher lows, signaling increased buyer engagement as conditions stabilized. Technical Analysis Highlights ETH dropped 7.56% from $2,406 to $2,224 during the 21:00 hour on June 21. Trading volume spiked to over 751,000 ETH, nearly five times the typical hourly average. At 05:58, ETH surged 3.15% fr...

The Probability of Iran Blocking Strait of Hormuz Surges to 52% On Polymarket After Trump's Air Strikes on Iran's Nuclear Facility

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The probability of Iran's leadership blocking the Strait of Hormuz for shipping has increased following the U.S. airstrikes on Iran's nuclear facilities. At press time, shares of the Yes side of the Polymarket-listed contract "Will Iran Close the Strait of Hormuz before June 30 traded at 40 cents, representing a 40% probability. That's a notable increase from 14% Saturday. Meanwhile, the odds of the event occurring by the end of the year increased to 52%, up from 33% the previous day. Approximately 20 million barrels of oil are transported through the Strait of Hormuz daily, accounting for around 20% of the world's oil consumption, according to the Middle East Forum Observer . Therefore, the potential closure of the Hormuz could trigger a sustained oil price shock. According to JPMorgan's analysts , shutting the Strait of Hormuz could catapult crude oil prices to an eye-popping $120 to $130 per barrel. Such a spike in oil prices, coupled with the ongoing ...

CoinMarketCap Briefly Exploited With Wallet Phishing Pop-Up Message

Hackers exploited a vulnerability in CoinMarketCap’s front-end system, using a seemingly harmless doodle image to inject malicious code that triggered fake wallet verification pop-ups across the site. The breach, confirmed by CoinMarketCap, used its backend API to deliver a manipulated JSON payload that embedded JavaScript into the homepage according to blockchain security firm Coinspect Security . The script caused an unauthorized prompt instructing users to “Verify Wallet,” a phishing tactic aimed at tricking visitors into handing over access to their crypto holdings. The blockchain security firm traced the attack to the platform’s rotating “doodles” feature, which allowed attackers to embed the malicious code without altering the site’s core infrastructure. The pop-up was live for a short period before being removed by CoinMarketCap’s team. “Upon discovery, we acted immediately to remove the problematic content,” CoinMarketCap said in a statement posted to social media. “Compr...

ADA Falls 4% on Heavy Volume, but Cardano's Upcoming Leios Upgrade Keeps Hopes Alive

Cardano’s ADA ADA token came under pressure Saturday, falling to $0.5818 and extending its weekly losses despite renewed focus on the network’s Leios upgrade. ADA declined 3.77% over the past 24 hours, with volume spiking 38.39% above the 7-day average, according to CoinDesk Research's technical analysis model. On Thirsday, Input Output Global (IOG), the research arm behind Cardano, reiterated its vision for the upcoming Leios upgrade via a thread on X . The team explained that Leios is designed to optimize transaction processing and resource utilization, especially during peak block activity. The design introduces new mechanisms like endorsements to maintain security and data availability while boosting overall throughput. Leios was first introduced in November 2022 as a new family variant of Cardano’s Ouroboros consensus protocol. At the time, IOG highlighted that existing designs such as Praos and Genesis faced fundamental scalability limits — not due to bandwidth or CPU, but...

ETH Under $2,500: Friday Sees Highest Outflows From Spot ETH ETFs This Month

Ether (ETH) ETH posted a modest recovery on Saturday after a volatile week marked by outsized institutional outflows. On Friday, June 20, spot ETH ETFs listed in the U.S. recorded $11.3 million in net outflows — the largest single-day decline in June, according to data from Farside Investors . The pullback was led by BlackRock’s ETHA ETF, which saw a $19.7 million outflow — its first and only negative flow this month. In contrast, Grayscale’s ETHE product attracted $6.6 million, and VanEck’s ETHV ETF added $1.8 million, partially offsetting losses. No other issuers recorded inflows or outflows. The data suggests large institutions may be reducing their ETH exposure, even as select funds like Grayscale continue to attract capital. The ETF flow figures emerged alongside a technical rebound in price. Ether briefly dipped to $2,372.85 on Friday in a heavy sell-off marked by a volume spike nearly five times the daily average, but swiftly recovered as buyers stepped in around the $2,420–$...

Bitcoin Falls Below $104K as Retail Investor Sentiment Returns to Liberation Day Levels

Bitcoin (BTC) BTC continues to struggle for direction amid mounting macroeconomic pressures and a notable deterioration in retail investor sentiment. The asset is hovering near $103,700 following a volatile 24-hour stretch, in which it briefly dropped below $103,400 before staging a modest recovery, according to CoinDesk Research's technical analysis model. This price behavior reflects an uneasy market backdrop, shaped by both geopolitical tensions and uncertain monetary policy. According to an X post by crypto analytics firm Santiment on Thursday, sentiment among retail investors has turned sharply negative. The firm reported that the ratio of bullish to bearish commentary has fallen to just 1.03 to 1 — the lowest since early April, when the President Donald Trump unveiled his so-called Liberation Day tariffs, triggering peak market fear at the time. Santiment emphasized that this current wave of retail pessimism is unusually intense and, based on past patterns, may mark a cont...

North Korean Hackers Are Targeting Top Crypto Firms With Malware Hidden in Job Applications

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A North Korean hacking group is targeting crypto workers with a Python-based malware disguised as part of a fake job application process, researchers at Cisco Talos said earlier this week. Most victims appear to be based in India, according to open-source signals, and seem to be individuals with prior experience in blockchain and cryptocurrency startups. While Cisco reports no evidence of internal compromise, the broader risk remains clear: That these efforts are trying to gain access to the companies these individuals might eventually join. The malware, called PylangGhost, is a new variant of the previously documented GolangGhost remote access trojan (RAT), and shares most of the same features — just rewritten in Python to better target Windows systems. Mac users continue to be affected by the Golang version, while Linux systems appear to be unaffected. The threat actor behind the campaign, known as Famous Chollima, has been active since mid-2024 and is believed to be a DPRK-alig...

Bitcoin Cash Stages Surprise Run to Near $500 as Volumes Spike 500%

Bitcoin Cash surged to a two-month high above $499 as bulls took control during an aggressive rally fueled by institutional demand and broader market uncertainty. The move puts BCH within striking distance of the psychologically critical $500 level — a zone last touched during April's breakout attempt. News Background BCH’s rally comes as escalating global trade tensions drive demand for non-sovereign assets. The U.S. and China are once again ramping up tariff pressure, targeting high-tech sectors and stoking concerns over global supply chains. Risk assets have responded unevenly, but Bitcoin Cash has clearly benefited from capital rotation into mid-cap majors. The Federal Reserve’s stance remains firmly hawkish, with policymakers holding rates at 4.25%-4.50% and signaling further quantitative tightening. Bitcoin Cash, despite a history of volatility and fading retail hype, has recently shown signs of institutional reappraisal. Analysts point to its scaling simplicity, fast...