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Former U.S. President Donald Trump is preparing to launch his own coin, which is set to take place on Wednesday. While some people speculated that it might be a cryptocurrency, Trump’s project is more of a traditional product than a digital asset.

New Coin to Support Presidential Campaign
Donald Trump, who is running for the presidency of the United States again, announced the launch of a new coin to raise funds for his election campaign. The project, titled "Silver Medallion First Edition President Trump," aims to distribute physical silver to Americans who support his political vision and want to see him back in office. Although many of his supporters expected Trump to release a cryptocurrency, this new coin is something entirely different.
Launch of Limited Edition Coin
Trump announced that the coin will be sold for $100 each through the website RealTrumpCoins.com. The coin will be made of 99.9% pure silver and will only be available in a limited edition. One side of the coin will feature Donald Trump’s likeness, while the other side will display the White House accompanied by the phrase "In God We Trust."
This coin is expected to be one of several activities that Trump undertakes to secure the necessary funding for his campaign ahead of the upcoming presidential elections in the U.S. The coin comes at a time when Trump is actively seeking new ways to bolster his campaign and ensure he has the resources he needs. He stated that this silver coin is the "ONLY OFFICIAL coin" he has designed and that was minted in the U.S. under his leadership.
Cryptocurrency Expectations Unfulfilled
In recent months, several meme coins featuring themes related to Donald Trump have appeared in the market, capitalizing on his popularity. However, Trump has distanced himself from these unofficial tokens and emphasized during the introduction of his silver coin that:
"I’ve seen a lot of coins using my beautiful face, but they’re not official. RealTrumpCoin.com is the only place to purchase the official Trump coin."
At first glance, Trump’s announcement of a new official coin might seem related to cryptocurrency, as many of his fans have been expecting him to introduce a digital asset. For instance, last week, 84% of bettors on the Polymarket platform believed that Trump would come out with his own cryptocurrency. This anticipation was fueled by the launch of the World Liberty Financial project, which was speculated to potentially include an official Trump cryptocurrency.
World Liberty Financial and the True Purpose of the Coin
The World Liberty Financial project does contain a token called WLFI, but this token lacks the key characteristics of a classic cryptocurrency as many had envisioned. Although WLFI has been presented as a type of digital asset, it is not the classic cryptocurrency that Trump fans hoped for. While speculation continues regarding whether Trump will eventually come up with his own cryptocurrency project, the silver coin remains his current official product and focuses more on traditional investment in precious metals.
Thus, Trump continues to favor physical, tangible assets rather than joining the wave of digital assets that currently dominate the financial world.
Trump's fondness for cryptocurrencies.
Donald Trump also commented on the Fatty token before the presidential campaign. #Fatty caught Trump's attention because one of the characters in the game mimics Donald Trump, and they are also counting on Don's participation in their new video clip. The first episode featured UFC Champion Jiří Procházka and world-famous beauty contest winners. Fatty.io is still in presale, and it is expected to be one of the best launches of this period.
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Tensions between two of the crypto industry's most recognizable figures have escalated once again. Ripple CEO Brad Garlinghouse has publicly criticized Michael Saylor and Strategy's Bitcoin accumulation strategy, arguing that the company's aggressive financing model has significantly increased market volatility and contributed to the broader cryptocurrency downturn.
Garlinghouse also emphasized that long-term value comes from real-world utility—not financial engineering.
Garlinghouse Says Strategy Focused on the Wrong Priorities
The Ripple CEO shared his comments on X shortly after appearing on CNBC's Squawk on the Street.
During the interview, Garlinghouse argued that Strategy's approach has made the cryptocurrency market more fragile rather than more resilient.
According to him, Michael Saylor's team focused on the wrong priorities, ultimately creating negative consequences for the broader digital asset industry.
Although Garlinghouse reiterated that he remains bullish on Bitcoin over the long term, he criticized Strategy's use of preferred shares and other financial instruments to aggressively finance additional Bitcoin purchases.
In his view, the strategy amplified gains during the bull market but is now intensifying downside pressure as prices decline.
"Financial engineering doesn't create long-term value. Utility does," Garlinghouse said.
STRC Shares Fell Below Par Value
Garlinghouse also pointed to the sharp decline in STRC, Strategy's preferred stock used as part of its financing structure.
The shares fell below their $100 par value, a development he believes reflects growing investor concerns.
However, sentiment improved after Strategy announced a digital credit buyback program, a 12% dividend, and plans to establish a $3.8 billion cash reserve.
Following the announcement, STRC shares closed approximately 12.2% higher.
Strategy's Plans Could Increase Selling Pressure on Bitcoin
Garlinghouse made his comments as Bitcoin dropped below the $60,000 level while XRP slipped beneath the psychologically important $1 mark amid the broader crypto market correction.
According to market analysts, XRP's next major support levels are located around $0.80, $0.62, and $0.51.
Meanwhile, Strategy announced a new program to monetize part of its Bitcoin holdings. The proceeds are expected to fund the company's U.S. dollar reserve, finance STRC dividend payments, and support additional MSTR share buybacks.
While the announcement initially boosted Strategy's stock price, some analysts warn that any large-scale Bitcoin sales could place additional downward pressure on the cryptocurrency itself.
Bitcoin also continues to trade below its critical 200-week moving average, a level many technical analysts consider an important indicator of the market's long-term direction.
While Ripple continues to focus on building real-world blockchain utility and expanding XRP adoption, Garlinghouse argues that practical use cases—not financial engineering—will ultimately determine the winners of the next cryptocurrency market cycle.
#bitcoin , #BTC , #xrp , #BradGarlinghouse , #MichaelSaylor
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Disclaimer:
The information and opinions presented in this article are for informational and educational purposes only and should not be considered financial or investment advice. Nothing on this page constitutes a recommendation to buy or sell any assets. Cryptocurrency investments are inherently risky and may result in financial loss. Always do your own research before making any investment decisions.

According to several market analysts, Ripple has been quietly building the foundation for global institutional adoption of XRP long before the United States finalizes the long-awaited CLARITY Act. If the legislation is approved, it could pave the way for significantly broader adoption of XRP across global financial markets.
At the same time, XRP's technical outlook has also begun to improve.
Ripple Continues to Expand Its Global Regulatory Footprint
Crypto analyst Crypto Crusader recently argued that most investors remain focused on XRP's short-term price movements while overlooking Ripple's long-term strategy.
According to him, Ripple has spent years building regulatory compliance across many of the world's largest financial markets.
The company has continued expanding its regulatory presence throughout Europe, Japan, Australia, the United Kingdom, the United Arab Emirates, Singapore, Africa, and the United States.
The analyst believes these developments are far from isolated achievements.
Instead, he argues that Ripple is strategically "planting the seeds" for future institutional XRP adoption before clear U.S. crypto regulations are officially in place.
In his view, once the CLARITY Act becomes law, one of the last major regulatory barriers to widespread XRP adoption could disappear.
The CLARITY Act Enters a Critical Stage
Growing optimism surrounding Ripple comes as the CLARITY Act enters one of its most important phases in Washington.
Although the U.S. Senate remains in recess until July 13, negotiations between lawmakers, administration officials, and cryptocurrency industry representatives continue behind closed doors.
Negotiators are working to reconcile different versions of the legislation while resolving disagreements over anti-money laundering (AML) provisions, ethics requirements, and the division of regulatory authority for digital asset markets.
Once senators return, lawmakers are expected to prioritize the National Defense Authorization Act, potentially delaying consideration of the CLARITY Act until late July or early August.
However, many analysts believe the legislation must pass before Congress begins its August recess if lawmakers hope to secure approval during 2026.
Technical Indicators Turn Bullish for XRP
Analysts are also becoming increasingly optimistic about XRP's technical outlook.
Popular crypto analyst Ali Martinez recently pointed out that XRP's daily chart is currently displaying two bullish technical signals.
The first is a TD Sequential buy signal, which has historically appeared before several short-term price rebounds.
The second is a Morning Star Doji pattern, widely regarded by technical traders as one of the strongest reversal formations.
If buying momentum continues to build and positive sentiment remains intact, Martinez believes XRP could gradually move toward the $1.30 level.
#xrp , #Ripple , #CLARITYAct , #crypto , #Altcoin
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The information and opinions presented in this article are for informational and educational purposes only and should not be considered financial or investment advice. Nothing on this page constitutes a recommendation to buy or sell any assets. Cryptocurrency investments are inherently risky and may result in financial loss. Always do your own research before making any investment decisions.

The United States is moving closer to passing one of the most significant cryptocurrency bills in recent years. The CLARITY Act has entered a critical stage, and the next two weeks could determine whether the long-awaited digital asset market structure legislation reaches the Senate floor for a vote in July.
Although U.S. senators are currently on recess, negotiations over the bill continue behind closed doors.
Behind-the-Scenes Talks Could Decide the Future of Crypto Regulation
The U.S. Senate is in recess until July 13, but work on the CLARITY Act has not slowed down.
Congressional staff from both parties, White House officials, and representatives from the cryptocurrency industry are actively negotiating the bill's final language.
Their primary goal is to reconcile the different versions drafted by the Senate Banking Committee and the Senate Agriculture Committee.
Negotiators are also working to resolve disagreements over anti-money laundering (AML) requirements, ethics provisions, and the division of regulatory authority over digital asset markets.
The outcome of these negotiations will largely determine whether the legislation can be brought before the Senate later this month.
Time Is Running Out for the Crypto Industry
Even if lawmakers reach an agreement, passing the legislation quickly is far from guaranteed.
Senate Majority Leader John Thune has already indicated that lawmakers will first focus on the National Defense Authorization Act after returning from recess.
That could push consideration of the CLARITY Act into the second half of July—or even the beginning of August.
Many policy observers believe that the legislation must clear the Senate before Congress begins its August recess.
Missing that window could significantly reduce the bill's chances of becoming law in 2026.
The legislation will also require at least 60 votes in the Senate.
Although Republicans hold 53 seats, unanimous Republican support is not guaranteed. During consideration of the earlier GENIUS Act, several Republican senators opposed similar measures, making bipartisan support essential once again.
Republicans Continue to Push for a July Vote
Despite the remaining challenges, Republican support for the CLARITY Act remains strong.
Senate Banking Committee Chairman Tim Scott recently expressed his support for bringing the crypto market structure bill to the Senate floor in July.
In a post on X, Scott backed Majority Leader John Thune's proposed timeline, arguing that the legislation would establish clear regulatory rules for digital assets, strengthen consumer protections, and help ensure that innovation remains in the United States.
According to Scott, lawmakers should now move the legislation forward and allow the Senate to vote on it.
However, market optimism remains cautious.
Investment firm Galaxy Digital has lowered its estimated probability of the CLARITY Act being passed in 2026 to 50%, highlighting that investors still see a meaningful risk of further delays.
#CLARITYAct , #CryptoNews , #Regulation , #BTC , #DigitalAssets
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Disclaimer:
The information and opinions presented in this article are for informational and educational purposes only and should not be considered financial or investment advice. Nothing on this page constitutes a recommendation to buy or sell any assets. Cryptocurrency investments are inherently risky and may result in financial loss. Always do your own research before making any investment decisions.

U.S. Senator Elizabeth Warren has once again criticized cryptocurrencies, arguing that digital assets pose a growing national security risk by allowing countries hostile to the United States to move billions of dollars outside the traditional financial system.
The Massachusetts Democrat also warned that pending cryptocurrency legislation could make the problem even worse by creating new regulatory loopholes.
Warren Calls for Tougher Crypto Regulations
Elizabeth Warren was responding to a report by The Wall Street Journal, which alleged that cryptocurrency exchange CoinEx has played a significant role in facilitating transactions linked to Iran.
In a post on X, Warren said the report provides further evidence that America's adversaries are using cryptocurrencies to move vast sums of money beyond the reach of traditional financial oversight.
According to Warren, the crypto bills currently under consideration in Congress could weaken existing safeguards instead of addressing these risks.
She urged lawmakers to strengthen the proposed legislation before it becomes law.
CoinEx Allegedly Processed Billions in Transactions
According to The Wall Street Journal, CoinEx has become an increasingly important gateway connecting Iranian cryptocurrency activity with global financial markets.
The report claims that wallets hosted by the exchange processed more than $3.84 billion in transactions over the past seven years.
Some of those transactions allegedly involved cryptocurrency obtained through hacking operations, as well as digital assets linked to Iran's central bank.
U.S. officials have also reportedly connected certain accounts to the Islamic Revolutionary Guard Corps (IRGC).
CoinEx has previously faced regulatory scrutiny in the United States. In 2023, New York Attorney General Letitia James filed a lawsuit against the exchange, alleging that it operated in the state without the required registration.
Iranian Crypto Platforms Face Growing Scrutiny
Elizabeth Warren has repeatedly argued that cryptocurrencies are being used to help Iran bypass international sanctions.
Beyond CoinEx, U.S. regulators and lawmakers have also focused increasing attention on the Iranian cryptocurrency exchange Nobitex.
According to publicly available estimates, Nobitex handles approximately 70% of all cryptocurrency activity in Iran and claims to serve around 11 million users.
The platform's continued operations during the ongoing regional conflict have further intensified concerns among U.S. policymakers and regulators.
As a result, the debate surrounding cryptocurrencies in the United States is increasingly shifting away from investor protection toward broader issues of national security, sanctions enforcement, and the financing of governments that Washington considers geopolitical adversaries.
#crypto , #CryptoNews , #ElizabethWarren , #USPolitics , #blockchain
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The information and opinions presented in this article are for informational and educational purposes only and should not be considered financial or investment advice. Nothing on this page constitutes a recommendation to buy or sell any assets. Cryptocurrency investments are inherently risky and may result in financial loss. Always do your own research before making any investment decisions.

U.S. spot Bitcoin ETFs are experiencing one of their toughest periods since launch. According to the latest data, the funds have recorded more than $4 billion in net outflows during June, putting the month on track to become the worst in their history.
The heavy selling comes despite expectations that institutional demand would rebound. Instead of attracting fresh capital, Bitcoin ETFs are seeing investors withdraw funds at a record pace.
Bitcoin ETFs Head Toward Their Worst Month Ever
Data from SoSoValue shows that U.S. spot Bitcoin ETFs have recorded approximately $4.06 billion in net outflows so far this month. That surpasses the previous monthly record of $3.56 billion set in February 2025.
Last week alone, investors withdrew another $1.79 billion, marking the second-largest weekly outflow since spot Bitcoin ETFs began trading in January 2024.
Final figures could still change slightly depending on trading activity during the final sessions of the month, but the current trend is already clear.
Expected Recovery Never Materialized
At the beginning of June, many analysts expected institutional demand to recover. Optimism was fueled in part by SpaceX's long-awaited public stock offering on June 12, which some investors believed would improve overall market sentiment.
Instead, the opposite happened.
Spot Bitcoin ETFs—widely viewed as one of the best indicators of institutional interest in Bitcoin—have continued to experience persistent capital outflows.
Sharp Reversal After a Strong May
The recent selling is particularly surprising considering that Bitcoin ETFs attracted $2.43 billion in net inflows during May.
Over just two months, the swing between inflows and outflows has reached nearly $6.5 billion, roughly equivalent to the entire market capitalization of Zcash (ZEC).
Since the beginning of 2026, cumulative net outflows from U.S. spot Bitcoin ETFs have now climbed to approximately $5 billion.
Institutional Demand Weakens as Bitcoin Struggles
The decline in institutional interest is also reflected in Bitcoin's price performance.
The world's largest cryptocurrency has fallen by roughly 30% during the first half of the year, underperforming nearly every major asset class.
An even steeper decline has been seen in shares of Strategy (MSTR), the world's largest publicly traded corporate Bitcoin holder. The company's stock has dropped approximately 45% since the start of the year.
The latest figures suggest that institutional investors remain highly cautious. If the record outflows from Bitcoin ETFs continue in the coming weeks, they could become another major obstacle to a sustained recovery in Bitcoin's price.
#etf , #bitcoin , #CryptoETF , #CryptoNews , #CryptoMarket
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Disclaimer:
The information and opinions presented in this article are for informational and educational purposes only and should not be considered financial or investment advice. Nothing on this page constitutes a recommendation to buy or sell any assets. Cryptocurrency investments are inherently risky and may result in financial loss. Always do your own research before making any investment decisions.

Bitcoin is more than just an investment asset—it could become one of the most powerful tools against authoritarian governments. That was the message delivered by U.S. Congressman William Timmons during a House roundtable discussion examining the role of cryptocurrencies in countries with limited political and financial freedom.
According to the South Carolina Republican, decentralized technologies pose a fundamental challenge to governments that control banking systems, financial transactions, and the flow of information.
Bitcoin Challenges Authoritarian Control, Says Congressman
William Timmons, Chairman of the Subcommittee on Military and Foreign Affairs, hosted a roundtable titled "Two Sides of the Digital Coin," focusing on how cryptocurrencies can help people living under authoritarian rule.
During the discussion, Timmons argued that Bitcoin and other decentralized digital assets have the potential to significantly weaken governments' ability to control their citizens.
He said cryptocurrencies allow individuals to store wealth, transfer money, and receive financial support from abroad without government interference.
"Bitcoin and decentralized technologies represent a profound challenge to authoritarian control," Timmons said during the event.
He went even further, stating that cryptocurrencies could represent "the beginning of the end of all authoritarian governments."
The discussion also featured representatives from Anchorage Digital Bank, the Digital Chamber, organizations focused on economic freedom, and experts in government oversight.
Cryptocurrencies Can Protect Journalists and Dissidents
Human rights became one of the central themes of the discussion.
According to Timmons, digital assets are not simply an alternative financial system—they can serve as a critical lifeline for journalists, activists, and political dissidents operating under oppressive regimes.
The ability to receive financial assistance from abroad without government oversight can, in some cases, become a matter of survival.
Timmons emphasized that millions of people living under authoritarian governments lack free access to banking services and face capital controls, financial censorship, and restrictions on international transactions.
In his view, decentralized cryptocurrencies provide an alternative that governments find much more difficult to control.
The U.S. Must Lead the Future of Digital Finance
Beyond human rights, the discussion also focused on the growing technological competition between the United States and China.
Timmons argued that the United States must remain the global leader in both the development and regulation of digital assets. He stressed that democratic nations—not authoritarian governments—should be responsible for shaping the future rules of digital finance.
He specifically highlighted China, warning that Beijing is building a state-controlled digital currency system integrated with extensive financial surveillance and cross-border payment infrastructure.
According to Timmons, China is using digital financial technologies not only to strengthen domestic control but also to advance its broader geopolitical ambitions.
Lawmakers Also Debated the Future of U.S. Crypto Regulation
Participants also discussed whether current U.S. regulations encourage innovation or create unnecessary obstacles for the digital asset industry.
Timmons called on Congress to adopt legislation that strengthens national security while protecting financial freedom and maintaining America's technological leadership.
He concluded that decentralized technologies could play a vital role not only in defending individual freedoms but also in reinforcing the global leadership of democratic nations in the rapidly evolving digital economy.
#bitcoin , #BTC , #crypto , #blockchain , #DigitalAssets
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Disclaimer:
The information and opinions presented in this article are for informational and educational purposes only and should not be considered financial or investment advice. Nothing on this page constitutes a recommendation to buy or sell any assets. Cryptocurrency investments are inherently risky and may result in financial loss. Always do your own research before making any investment decisions.

The U.S. state of Illinois has approved legislation that has sparked widespread backlash across the cryptocurrency industry. The new law introduces a special tax on digital asset transactions and, according to industry leaders, represents the most aggressive anti-crypto measure ever adopted by a U.S. state.
Critics argue that the legislation affects not only cryptocurrency trading but also routine transfers between users' own wallets.
New Tax Will Apply to Nearly Every Crypto Transaction
Illinois Governor J. B. Pritzker has signed Senate Bill 3019, approving the state's $55.9 billion budget for the next fiscal year.
Included in the budget package is the Digital Asset Privilege Tax Act, which establishes a new tax framework for digital assets.
The law imposes a 0.2% tax on cryptocurrency transactions conducted through registered exchanges or brokers. According to critics, the tax extends beyond traditional trading activity and may also apply to transfers of digital assets between wallets owned by the same individual when those assets are held through exchanges or brokerage platforms.
The new rules are scheduled to take effect on January 1, 2027.
Tax experts have also warned that the legislation could apply to platforms located outside Illinois if they conduct sufficient business with Illinois residents.
Crypto Industry Urged Governor to Reject the Measure
Before the bill was signed into law, the Crypto Council for Innovation urged Governor Pritzker to remove the controversial section from the legislation.
The organization argued that the proposal may conflict with federal law because it specifically targets blockchain-based transactions while treating traditional financial services more favorably.
In its letter, the group compared the tax to charging people simply because they send emails while leaving traditional postal mail completely untaxed.
The Blockchain Association and the Digital Chamber also opposed the legislation, describing it as economically harmful and criticizing lawmakers for inserting the measure into the state budget without meaningful public debate.
Industry representatives further noted that no other U.S. state has enacted a tax that singles out cryptocurrency transactions in such a punitive manner.
Violations Could Lead to Fines and Prison Time
The legislation also introduces strict enforcement measures.
Brokers and businesses operating in Illinois without proper registration or failing to comply with the new requirements could face Class 3 felony charges.
If convicted, violators may be subject to fines of up to $25,000 and prison sentences ranging from two to five years.
Experts Warn the Law Could Drive Crypto Companies Away
The legislation has drawn criticism from several prominent legal experts.
Miles Jennings, General Counsel at a16z Crypto, described the measure as the most anti-crypto law passed by any U.S. state to date.
He pointed out that no comparable state-level transaction tax exists for stocks, bonds, or derivatives, arguing that cryptocurrencies are being unfairly singled out.
According to estimates, Illinois expects to generate more than $800 million in additional annual revenue under the new budget, with approximately $60 million per year expected to come specifically from cryptocurrency-related transactions.
Critics therefore argue that the primary purpose of the legislation is to close the state's budget gap rather than protect investors or improve market oversight.
They also note that crypto companies are already preparing for new federal digital asset regulations currently under consideration in Congress. Introducing an additional state-level transaction tax, they argue, will only increase operating costs and encourage businesses and blockchain developers to relocate to more crypto-friendly states such as Texas or Wyoming.
#BTC , #bitcoin , #CryptoNews , #Regulation , #DigitalAssets
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Disclaimer:
The information and opinions presented in this article are for informational and educational purposes only and should not be considered financial or investment advice. Nothing on this page constitutes a recommendation to buy or sell any assets. Cryptocurrency investments are inherently risky and may result in financial loss. Always do your own research before making any investment decisions.

The Trump administration has reportedly decided to delay adding Chinese AI startup DeepSeek, memory chip maker ChangXin Memory Technologies (CXMT), and more than 100 other Chinese companies to the U.S. Commerce Department's Entity List. According to reports, the decision is not driven by a lack of security concerns but by a desire to avoid disrupting ongoing trade negotiations between Washington and Beijing.
The move suggests that the White House is currently prioritizing a fragile trade truce with China over expanding technology sanctions.
Washington Avoids Escalating Trade Tensions
The United States and China remain engaged in negotiations over tariffs, export controls, and access to critical materials, including rare earth minerals. Placing more than 100 Chinese companies on the Entity List could significantly disrupt those talks and trigger retaliatory measures from Beijing.
For that reason, several sources say the Trump administration has chosen not to publish the approved sanctions package, even though the proposed listings had already cleared the interagency review process.
The Entity List, maintained by the Bureau of Industry and Security (BIS), has not been updated since October 2025. According to analysts, this marks the longest gap between updates in more than a decade.
Former U.S. Commerce Department official Kevin Kurland described the delay as a clear political compromise.
In his view, trade diplomacy has temporarily taken priority over one of Washington's most important national security tools.
DeepSeek Has Become a Major Target for U.S. Officials
DeepSeek attracted global attention in early 2025 after unveiling advanced artificial intelligence reasoning models that appeared capable of competing with leading U.S. AI systems at a fraction of the cost.
The company's rapid rise immediately raised concerns within the U.S. government.
According to previous statements from U.S. officials, DeepSeek allegedly supported Chinese military and intelligence operations while using shell companies in Southeast Asia to obtain advanced American semiconductors.
Officials have also claimed that the company appears repeatedly in Chinese military procurement records.
Additional concerns emerged in February 2026, when members of the Trump administration alleged that DeepSeek's latest AI model had been trained using Nvidia's cutting-edge Blackwell chips, which are subject to strict U.S. export restrictions.
Washington also suspects that the company deliberately removed technical indicators that could reveal the use of restricted American hardware.
OpenAI and Anthropic Raise Additional Concerns
The concerns surrounding DeepSeek extend beyond the U.S. government.
Anthropic announced earlier this year that it had identified coordinated efforts by DeepSeek and other Chinese AI laboratories to extract capabilities from its Claude platform in order to improve their own AI models.
OpenAI has voiced similar concerns, warning U.S. lawmakers that DeepSeek has also attempted to obtain information related to its artificial intelligence systems.
Dozens of Chinese Companies Still Await Blacklisting
The delay extends well beyond DeepSeek.
According to reports, at least 75 Chinese companies involved in advanced semiconductor manufacturing, chipmaking equipment, and artificial intelligence have already been approved for inclusion on the Entity List. Dozens of additional firms were reportedly identified for selling restricted Nvidia chips or supplying technologies linked to China's military.
Potential targets also include drone manufacturers, robotics companies, and businesses whose components were allegedly found in Russian drones intercepted during the war in Ukraine.
Critics Warn of Growing Security Risks
Many national security experts argue that delaying the expansion of the Entity List creates significant risks.
Until these companies are officially sanctioned, U.S. businesses may continue supplying technology to entities linked to China's military or intelligence sector without violating export regulations.
Critics also point out that the Commerce Department has yet to fully implement several previously proposed rules restricting foreign access to advanced AI chips developed using American technology.
Despite the delays, the Bureau of Industry and Security has repeatedly stated that it remains prepared to use every available tool to ensure that U.S. technology is not used in ways that threaten America's national security or conflict with its strategic interests.
#TRUMP , #DeepSeek , #CryptoNews , #AI , #china
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The information and opinions presented in this article are for informational and educational purposes only and should not be considered financial or investment advice. Nothing on this page constitutes a recommendation to buy or sell any assets. Cryptocurrency investments are inherently risky and may result in financial loss. Always do your own research before making any investment decisions.

Bitcoin started the new week on a positive note after reports emerged that the United States and Iran had agreed to halt further military strikes. The easing geopolitical tensions boosted not only cryptocurrencies but also U.S. stock index futures. However, leading market analysts caution that Bitcoin's technical outlook remains fragile despite the short-term rally.
U.S.-Iran Truce Lifts Market Sentiment
Investor sentiment improved after reports suggested that the United States and Iran had reached an agreement to suspend further attacks. According to the latest information, diplomatic talks are expected to resume in Qatar later this week in an effort to ease tensions across the region.
The conflict had escalated significantly in recent days. Iran reportedly attacked a container ship carrying Qatari oil, prompting retaliatory strikes by the United States. This was followed by attacks on U.S. military bases in Kuwait and Bahrain, further raising concerns about a broader conflict in the Middle East.
The announcement came just ahead of the reopening of U.S. stock index futures, immediately improving market sentiment.
Bitcoin responded by rallying from around $58,900 to above the $60,000 level before stabilizing slightly below that price during trading. At the same time, trading activity increased noticeably.
Technical Indicators Still Signal Caution
Although the geopolitical developments provided a short-term boost for Bitcoin, several well-known market analysts continue to urge caution.
According to Cheds Trading and Benjamin Cowen, Bitcoin recorded its weakest daily close of 2024 and, for the first time since 2023, closed below its 200-week moving average (200-WMA). Many traders consider this level one of the most important long-term technical indicators.
Rekt Capital shares a similarly cautious view. The analyst identifies $61,000 as a key resistance level that Bitcoin has repeatedly failed to reclaim over the past several trading sessions.
According to Rekt Capital, the upcoming weekly, monthly, and quarterly candle closes will be critical in determining whether the market is truly preparing for a bullish reversal.
He also recommends that investors wait for June's monthly close before making major decisions, as it could provide valuable insight into whether Bitcoin has enough momentum to stage a meaningful recovery in July.
Bearish Trend May Still Be Intact
Markus Thielen of 10x Research also remains cautious.
According to his firm's trend model, Bitcoin entered a bearish phase on May 22, when it was trading around $75,600. In his view, that bearish signal remains valid despite continued "buy-the-dip" sentiment among many investors.
For now, analysts believe the recent rebound does not yet confirm the start of a new bull market. Until Bitcoin successfully breaks above key resistance levels and confirms the move on higher timeframes, the risk of another downward move remains firmly on the table.
#bitcoin #BTC #crypto #cryptocurrency #CryptoMarkets
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The information and opinions presented in this article are for informational and educational purposes only and should not be considered financial or investment advice. Nothing on this page constitutes a recommendation to buy or sell any assets. Cryptocurrency investments are inherently risky and may result in financial loss. Always do your own research before making any investment decisions.

Michael Saylor has once again fueled speculation across the cryptocurrency market. The Executive Chairman of Strategy has hinted that the company could announce another Bitcoin purchase in the coming days, despite ongoing criticism from investors and a cautious market sentiment.
Michael Saylor Sparks Fresh Bitcoin Buying Speculation
Strategy Executive Chairman Michael Saylor posted his now-famous Sunday update on X, a post that crypto investors have come to expect each week. Once again, he shared the company's iconic "Orange Dots" chart, which tracks every Bitcoin acquisition Strategy has made over the years.
This time, Saylor accompanied the chart with a short message:
"We're going to need more orange."
Historically, similar posts have often been followed by a new Bitcoin purchase announcement on Monday. As a result, many in the crypto community believe Strategy could soon expand its already record-breaking Bitcoin holdings.
The speculation comes just days after the company revealed a relatively modest Bitcoin purchase worth approximately $35 million. At the same time, Strategy increased its U.S. dollar investments by roughly $300 million, financing the transactions through the sale of more than $335 million worth of MSTR shares.
The continued issuance of new shares has once again sparked concerns among investors about shareholder dilution.
Analysts Debate Strategy's Next Move
Beyond the speculation surrounding another Bitcoin purchase, investors are also closely watching Strategy's broader capital structure.
Grayscale's Head of Research and CEO, Zach Pandl, recently argued that the company faces several important decisions regarding its floating-rate preferred shares (STRC).
According to Pandl, one possible option would be raising the STRC dividend by 50 basis points. However, he believes such a move would increase the company's dividend obligations by roughly $100 million over the next two years, potentially weighing on investor confidence.
Instead, Pandl suggested that selling approximately $3 billion worth of Bitcoin could cover nearly all of Strategy's cash obligations over the next two years while restoring market confidence.
Not everyone agrees with that approach.
Longtime Bitcoin critic Peter Schiff argued that Strategy cannot afford to sell any of its Bitcoin holdings because doing so would put significant downward pressure on Bitcoin's price. He also warned that even if the company simply stopped buying Bitcoin, the market could react negatively.
Strategy Remains the World's Largest Corporate Bitcoin Holder
Despite the ongoing debate, Strategy continues to hold the title of the world's largest publicly traded corporate Bitcoin owner.
The company currently owns 847,363 BTC, making it by far the largest corporate holder of Bitcoin globally.
However, Strategy also stirred controversy earlier this year after selling 32 BTC in May 2026. The transaction surprised many investors because Michael Saylor had previously stated on multiple occasions that the company would never sell its Bitcoin.
For that reason, market participants will be watching closely to see whether Monday brings another major Bitcoin acquisition—or whether Saylor's latest cryptic message was simply intended to keep the market guessing.
#MichaelSaylor , #BTC , #bitcoin , #CryptoInvestment , #CryptoNews
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The cryptocurrency market came under renewed selling pressure, with its total market capitalization falling by around 0.8% to $2.07 trillion during the latest trading session. Bitcoin traded below the $60,000 mark, Ethereum hovered near $1,557, and investors continued taking profits from the market's largest digital assets.
XRP, however, has been telling a different story. Although the token traded around $1.05, the biggest attention came from spot XRP exchange-traded funds. The latest data shows that XRP ETFs attracted fresh capital, while Bitcoin and Ethereum ETFs extended their streak of net outflows.
XRP ETFs Continue to Attract Investor Interest
Spot XRP ETFs listed in the United States were among the few bright spots in the crypto market on June 26. The funds recorded net inflows of $15.63 million in a single day, pushing cumulative net inflows to $1.47 billion.
The monthly trend also remains encouraging. Over the past 30 days, XRP ETFs have attracted $60.61 million in net inflows, while both Bitcoin and Ethereum ETF products have posted net outflows during the same period.
Bitwise's XRP ETF led the daily inflow rankings, bringing in $11.66 million and increasing its net assets to nearly $293.5 million. Franklin's XRPZ ETF followed with $3.97 million in daily inflows and assets exceeding $235 million.
Canary's XRPC ETF also remains one of the major players, managing assets worth approximately $235 million. Meanwhile, some products, including 21Shares' XRP ETF, continue to post cumulative losses since launch.
Despite the recent momentum, XRP ETFs remain significantly smaller than their Bitcoin counterparts. Total daily trading volume reached approximately $22 million, while combined net assets stood at $934 million, representing roughly 1.4% of XRP's total market capitalization.
Bitcoin and Ethereum ETFs Extend Their Losing Streak
While XRP funds continue attracting fresh capital, Bitcoin and Ethereum ETFs remain under pressure. According to SoSoValue data, both categories recorded their seventh consecutive day of net outflows on June 26.
Spot Bitcoin ETFs experienced daily net outflows of $444.5 million from U.S. markets. Over the past 31 days, investors have withdrawn more than $4.4 billion from Bitcoin ETF products. Despite the recent weakness, the long-term picture remains strong, with cumulative net inflows exceeding $51.6 billion over the past 12 months.
BlackRock's IBIT remains the largest Bitcoin ETF, holding more than $44 billion in net assets and cumulative inflows approaching $61 billion. Fidelity's FBTC continues to rank second with approximately $10.4 billion in assets.
Grayscale's GBTC also remains in focus, having recorded cumulative outflows exceeding $27 billion since its conversion into a spot ETF, although the fund saw no significant daily flow changes during the latest session.
Ethereum ETFs experienced more moderate selling pressure. U.S. spot Ethereum ETFs posted daily net outflows of $12.85 million, while investors have withdrawn more than $610 million from the funds over the past 30 days.
BlackRock's ETHA remains the largest Ethereum ETF, with net assets surpassing $4.2 billion and cumulative inflows exceeding $11 billion. Meanwhile, Grayscale's ETHE continues to struggle, with cumulative outflows now topping $5.3 billion.
XRP Leads Short-Term Momentum, but Bitcoin Remains the ETF Giant
Current capital flow data suggests that XRP is outperforming its larger rivals in the short term. Investors have increasingly shifted funds into XRP ETFs in recent weeks, while Bitcoin and Ethereum products continue to experience persistent withdrawals.
Nevertheless, Bitcoin remains the undisputed leader of the crypto ETF market. U.S. spot Bitcoin ETFs collectively manage approximately $72.8 billion in assets and generate more than $2.5 billion in daily trading volume—far exceeding the activity seen in XRP ETF products.
Ethereum ETFs currently hold around $8.4 billion in net assets. Relative to each asset's market capitalization, Bitcoin ETFs represent roughly 6.1% of Bitcoin's total value, while Ethereum ETFs account for approximately 4.4% of Ethereum's market capitalization.
The latest fund flow data highlights a notable shift in short-term investor sentiment. While Bitcoin and Ethereum ETFs continue to experience capital outflows, XRP ETFs are attracting fresh demand. Whether this marks the beginning of a broader trend or simply a temporary rotation remains to be seen.
Meanwhile, traders continue to monitor Bitcoin's key technical levels. The $58,000 area is widely viewed as critical support, while a recovery above $61,800 could significantly improve overall sentiment across the cryptocurrency ETF market.
#xrp , #Ripple , #altcoins , #BTC , #ETH
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One of the biggest scandals in cryptocurrency history has reached another major milestone. Sam Bankman-Fried, the former CEO of the collapsed crypto exchange FTX and once one of the industry's most influential figures, has officially failed in his attempt to overturn his conviction.
A U.S. federal appeals court has upheld his fraud conviction and left his 25-year prison sentence intact. Unless an extraordinary legal development occurs, Bankman-Fried is expected to remain behind bars until 2044.
Court Rejects Key Defense Arguments
The ruling was issued by the U.S. Court of Appeals for the Second Circuit in Manhattan, which reviewed Bankman-Fried’s effort to overturn the verdict handed down following the dramatic collapse of FTX.
The former billionaire argued that he did not receive a fair trial and claimed that Judge Lewis Kaplan improperly restricted his ability to present a full defense.
However, the appeals court rejected those arguments and affirmed the original jury verdict that found Bankman-Fried guilty on all seven criminal counts in 2023.
The Collapse That Shook the Crypto Industry
The downfall of FTX in 2022 remains one of the most devastating events in the history of digital assets.
The exchange, which had been widely regarded as one of the most trusted platforms in the industry, unraveled within days after revelations emerged that billions of dollars in customer funds had been used in ways customers never authorized or expected.
According to U.S. prosecutors, approximately $8 billion in customer assets were misappropriated.
That figure became one of the defining symbols of a case that severely damaged public trust in the cryptocurrency sector.
Testimony From Former Executives Played a Critical Role
During the trial, several former executives from FTX and Alameda Research took the stand after pleading guilty and agreeing to cooperate with authorities.
Their testimony proved crucial to the prosecution’s case.
According to these witnesses, Bankman-Fried personally approved the movement of customer funds and authorized their use to cover losses at Alameda Research.
The defense argued that FTX ultimately possessed sufficient assets and that customers could eventually be repaid. The court, however, ruled that this argument did not change the underlying nature of the alleged fraud.
Judge: He Knew His Actions Were Illegal
When imposing the sentence in March 2024, Judge Lewis Kaplan stated that the evidence demonstrated Bankman-Fried understood that his actions were unlawful.
According to Kaplan, the case was not the result of poor judgment or an honest mistake but rather a deliberate decision to take risks while assuming he would never be caught.
That conclusion played a significant role in determining the lengthy prison sentence.
Hopes Now Rest on a Presidential Pardon
Following the unsuccessful appeal, Bankman-Fried’s legal options have become increasingly limited.
In recent months, the former FTX executive has repeatedly maintained that his case was handled improperly and that the outcome was unjust. At the same time, he has publicly expressed hope that he could eventually receive a presidential pardon.
For now, however, such a possibility remains purely speculative.
One of the Largest Financial Frauds of the Crypto Era
The appeals court decision closes another important chapter in the FTX saga, a case that has become a symbol of the excesses and failures of the cryptocurrency boom between 2020 and 2022.
Many observers compare the downfall of Sam Bankman-Fried to some of the largest financial scandals in modern history, and the consequences continue to shape the crypto industry today.
For many investors, the court’s decision sends a clear message that U.S. authorities view the collapse of FTX as one of the most significant financial fraud cases of the digital age.
#FTX , #SBF , #CryptoNews , #CryptoMarket , #CryptoCommunity
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The long-awaited public debut of SpaceX attracted enormous interest from investors worldwide. However, instead of a smooth rollout, thousands of crypto users hoping to gain exposure to SpaceX shares through special IPO-related programs were left disappointed.
The result: full refunds, canceled campaigns, and growing questions about what exactly went wrong behind the scenes.
Bybit Refunds 100% of User Funds
Crypto exchange Bybit announced that it will fully refund all users who participated in its SpaceX IPO offering.
According to the company, its partner xStocks failed to deliver the underlying assets required to allocate shares. As a result, users who had subscribed and committed funds to the program ultimately received no allocations.
Bybit has therefore decided to return all funds directly to participants’ original funding accounts.
To compensate users for the inconvenience, the exchange also announced an additional reward equivalent to a 10% annual percentage rate (APR) calculated over a four-day period. The bonus will be credited automatically to eligible users.
Demand for SpaceX Far Exceeded Supply
The situation is particularly surprising given the overwhelming demand surrounding the SpaceX IPO.
Reports indicate that the offering was oversubscribed by more than four times, highlighting the intense appetite among investors to gain exposure to Elon Musk’s aerospace giant.
When SpaceX began trading on Nasdaq, shares opened at $150, roughly 11% above the IPO price of $135 per share.
The listing quickly became one of the largest IPOs in U.S. history, while SpaceX’s market capitalization surpassed $2 trillion.
Binance Also Cancels Its Campaign
Similar issues affected Binance.
The world's largest cryptocurrency exchange announced the cancellation of its SPCXX IPO campaign and, like Bybit, confirmed that all participating users would receive full refunds of their deposited funds.
The company stated that the cancellation was caused by circumstances beyond its control.
Although Binance did not specify the exact reason, the timing of the announcement suggests a connection to the same asset-delivery issues involving xStocks.
Binance Plans a $1 Million Token Compensation
Unlike Bybit, Binance chose a different compensation strategy.
The exchange announced that it will distribute $1 million worth of bStocks SpaceX tokens among all users who participated in the campaign.
The distribution is expected to be completed by June 18 and is intended as a gesture of appreciation toward affected participants.
Investor interest was substantial. According to reports, the Binance Wallet SpaceX IPO campaign attracted more than $557 million in subscription funding, underscoring the extraordinary enthusiasm surrounding SpaceX among crypto investors.
CZ: Protecting Users Comes First
Binance founder Changpeng Zhao, better known as CZ, also commented on the situation.
In a brief statement, he emphasized that protecting users remains the company’s top priority when events do not unfold as expected.
However, Binance did not confirm whether it failed to receive allocations from xStocks, as Bybit claimed, or whether a different issue led to the campaign’s cancellation.
An Unexpected Twist in a Historic IPO
The SpaceX IPO story has therefore taken an unexpected turn. While the company’s public debut itself proved to be a massive success and attracted record-breaking investor interest, many crypto users who expected allocations through tokenized offerings were left empty-handed.
The incident also highlights the challenges involved in connecting traditional capital markets with tokenized investment products. Despite explosive demand for SpaceX shares, technical and infrastructure-related issues ultimately prevented thousands of investors from participating in one of the most closely watched IPOs in recent history.
#SpaceX #IPO #bybit #Binance #ElonMusk
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Bitcoin has staged an impressive recovery in recent days, reclaiming the $64,000 level and reigniting optimism across the cryptocurrency market. Most major altcoins have also posted strong gains, while the overall crypto market capitalization has started recovering from recent sell-offs.
However, not all analysts believe the worst is over. A new report from Galaxy Research suggests that the current bear cycle may not have fully played out and that Bitcoin could still face a significant downside move.
Galaxy Digital Says the Market Bottom May Not Be In
Alex Thorn, Head of Research at Galaxy Digital, recently published a study based on historical Bitcoin cycles, on-chain data, and long-term market trends.
According to the report, the current market structure still resembles previous bear-market phases, and several key indicators have yet to signal a definitive bottom.
Thorn argues that Bitcoin’s traditional four-year cycle remains intact, although it appears to be becoming more compressed as market dynamics evolve.
This shift, he says, may be causing investors to assume too early that the correction has already run its course.
Historical Cycles Point to Deeper Corrections
One of the report’s central arguments is the comparison with previous Bitcoin bear markets.
Historically, major Bitcoin bottoms have typically formed 12 to 13 months after a market peak. The current decline, by comparison, has lasted only around eight months.
If history repeats itself, the market could still face several more months of heightened volatility.
Another key factor is the depth of the correction. Bitcoin has so far declined slightly more than 50% from its peak. In previous cycles, however, drawdowns frequently approached 68% before the market eventually stabilized.
According to Thorn, several classic capitulation signals that often accompany major bottoms have not yet appeared.
A $30,000 Bitcoin Scenario Remains Possible
Galaxy Digital’s report outlines several possible scenarios for Bitcoin’s next move.
The base-case outlook places a potential market bottom between $40,000 and $46,000. A milder correction could see Bitcoin stabilize near $51,000.
However, the most bearish scenario suggests that BTC could fall into the $30,000–$37,000 range before a sustainable recovery begins.
The analysts emphasize that these projections are based primarily on historical data and do not account for external influences such as regulatory developments, geopolitical events, or unexpected macroeconomic shocks.
Investor Panic Remains a Key Risk
Thorn also warned that a sharper decline could trigger another wave of panic selling.
If a large number of investors begin exiting positions at a loss, it could further reduce the market’s average cost basis and intensify downward pressure.
Historically, these types of capitulation events have often marked the final stage of major Bitcoin bear markets.
The Market Is Recovering for Now
Despite the cautious outlook, short-term momentum remains positive.
At the time of writing, Bitcoin is trading around $63,800 after reaching an intraday high of approximately $64,334. Meanwhile, the total cryptocurrency market capitalization has climbed roughly 1.4% to $2.18 trillion.
The big question now is whether this recovery marks the beginning of a new bullish trend or simply a temporary rebound within a broader correction.
Galaxy Digital’s analysis serves as a reminder that, despite the recent optimism, the possibility of significantly lower Bitcoin prices cannot yet be ruled out. If historical market cycles continue to play out as they have in the past, investors could face several more months of turbulence before a true bottom is established.
#bitcoin #BTC #crypto #cryptocurrency #GalaxyDigital
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A major international investigation into cryptocurrency money laundering has resulted in a significant breakthrough. Authorities have announced the arrest of two individuals believed to be senior members of AudiA6, a large-scale organization allegedly specializing in laundering digital assets connected to criminal activity.
According to U.S. authorities, the group helped process and conceal more than $389 million worth of Bitcoin and other cryptocurrencies.
Arrests Follow International Crackdown
On Wednesday, 37-year-old Ruslan Igorevich Tkachuk and 25-year-old Alexandr Vladimirovich Ledenev were arrested in Georgia. Both men have been charged with conspiracy to launder monetary instruments and money laundering.
The U.S. Attorney’s Office for the Eastern District of Pennsylvania alleges that the pair were high-ranking members of AudiA6, an organization that operated both a cryptocurrency laundering service and a cybercrime forum known as Dark2Web.
Prosecutors are now seeking their extradition to the United States, where they could face trial.
How the AudiA6 Operation Worked
According to court documents, the organization offered services designed to conceal the origin of cryptocurrencies and break links between digital assets and their criminal sources.
Investigators claim the group helped customers move funds derived from hacking operations, fraud schemes, and other forms of cybercrime through a laundering infrastructure that made the assets significantly more difficult to trace.
In exchange, AudiA6 allegedly charged a 5% commission on the laundered funds.
Authorities believe this business model helped establish the group as a major player in the cryptocurrency money-laundering ecosystem.
Investigators Traced More Than 10,000 Bitcoin
Blockchain forensic analysis played a critical role in the investigation.
Authorities identified more than 10,333 BTC linked to wallets and accounts associated with the AudiA6 operation. At the time of the transactions, those holdings were worth over $389 million.
Investigators also discovered that approximately $19 million of the funds originated directly from known illicit sources.
The findings strengthened allegations that the organization functioned as a professional laundering service for proceeds generated through cybercriminal activities.
Operation Involved Multiple Countries
The takedown was the result of extensive international cooperation.
The investigation involved the U.S. Secret Service, the Internal Revenue Service (IRS), and law enforcement agencies from Australia, Germany, Japan, and several other countries.
The operation led to searches of multiple properties, the freezing and seizure of cryptocurrency assets, the shutdown of Telegram accounts, and the seizure of infrastructure connected to the organization’s dark web operations.
Visitors attempting to access websites linked to AudiA6 now encounter law enforcement seizure notices instead of the original content.
Suspects Face Up to 20 Years in Prison
Tkachuk and Ledenev remain in custody in Georgia while U.S. authorities continue extradition proceedings.
If convicted on all charges, each defendant could face a prison sentence of up to 20 years.
The case also highlights how modern blockchain analytics tools are increasingly capable of tracing large-scale cryptocurrency transactions and linking them to specific individuals despite the decentralized nature of digital assets.
For the cryptocurrency industry, the operation serves as another reminder that international law enforcement agencies are intensifying their use of blockchain forensics to combat money laundering, cybercrime, and illicit financial networks.
#BTC , #bitcoin , #DigitalAssets , #CryptoCrime , #CyberSecurity
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A sudden price explosion in Monero (XMR) has attracted the attention of not only traders but also blockchain investigators. After XMR surged by nearly 50% within hours, speculation quickly emerged regarding possible market manipulation.
The situation has now taken another dramatic turn. Tether has frozen a wallet containing approximately $72 million in USDT that was allegedly linked to suspicious transactions preceding Monero’s sharp rally.
ZachXBT Traces More Than $120 Million in Transactions
Blockchain investigator ZachXBT reported that the suspicious activity began on June 11, when a Tron address received approximately 120.2 million USDT.
Rather than keeping the funds in a single wallet, the capital was rapidly distributed across multiple platforms and networks.
According to the investigation, more than $12 million was sent to deposit addresses associated with KuCoin. Another $8 million reportedly moved through instant exchange services.
At the same time, over $8 million was bridged from the Tron blockchain to Bitcoin and Ethereum networks using Near Intents.
Large Monero Purchases Fueled the Rally
The investigation further suggests that the same entity executed substantial purchases of Monero.
Those purchases closely coincided with XMR’s explosive price movement, which saw the privacy-focused cryptocurrency jump from around $300 to a high of $438 within a single hour.
The move represented a gain of nearly 46% in an exceptionally short period.
After reaching its peak, Monero pulled back and stabilized near the $360 level, though it remained significantly higher than before the unusual trading activity began.
Tether Quickly Intervened
Only hours after the suspicious capital movements were identified, Tether took action.
The company blacklisted one of the wallets linked to the transactions and froze approximately $72 million in USDT held within the address.
According to ZachXBT, the frozen wallet was a Tron address directly connected to the activity under investigation.
The Reason for the Freeze Remains Unclear
Neither Tether nor any law enforcement agency has publicly disclosed the specific reason behind the freeze.
However, Tether has a history of freezing funds associated with hacks, fraud schemes, sanctioned entities, and ongoing criminal investigations.
As a result, many members of the crypto community are now speculating whether the activity was part of an attempt to manipulate Monero’s price or another type of operation that triggered regulatory and investigative scrutiny.
Questions Surrounding XMR’s Rally Remain Unanswered
At this stage, it remains unclear whether there is a direct connection between the massive USDT transfers and Monero’s extraordinary price surge. However, the timing of the events has raised significant concerns.
If investigators ultimately determine that the rally was fueled by coordinated purchases financed through the transferred funds, the case could become one of the most notable examples of suspected market manipulation in the cryptocurrency sector in recent months.
For now, the investigation appears far from over, and investors will be watching closely for additional details regarding the origin of the funds and the true role of the frozen wallet in the events surrounding Monero’s dramatic price movement.
#Monero , #XMR , #Tether , #USDT , #CryptoNews
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PI token is once again facing a critical moment. While Pi Network continues expanding its ecosystem and introducing new Launchpad initiatives, the market is also dealing with a massive wave of token unlocks that could significantly impact price action in the coming weeks.
Analysts warn that the combination of increasing supply and relatively weak demand remains the biggest challenge for PI at the moment.
PI Price Is Testing a Crucial Support Zone
On June 12, PI was trading near $0.127, close to a price area that has successfully prevented further declines on multiple occasions in recent weeks.
However, the overall technical picture remains bearish.
All major exponential moving averages continue to sit above the current price, suggesting that sellers still control the broader trend. At the same time, a descending wedge pattern has been forming since May, signaling that a decisive move may be approaching.
According to several technical scenarios, a breakdown below current support could open the door to a decline toward the $0.10 region.
MACD Has Yet to Confirm a Reversal
The MACD indicator is currently hovering near the zero line while gradually converging with its signal line.
Although a bullish crossover could indicate improving market sentiment, such a signal has not yet materialized. Until MACD generates a clear buy signal, most analysts continue to view the trend as negative.
The nearest resistance levels are located around $0.129 and $0.136, while the key support remains at $0.120.
Pi Launchpad Introduces the New SLICE Project
Beyond price action, the community is closely watching the continued development of the Pi ecosystem.
Pi Network has launched its second test token, called SLICE, which is connected to the Slice of Pi application. The platform combines gaming elements, advertising, and payments powered by PI.
The new initiative follows the earlier IRRA experiment, which attracted nearly half a million participants. That test revealed several usability issues related to staking and commitment confirmation processes.
SLICE addresses those concerns by simplifying participation into a single commitment process. The locking mechanism has also been redesigned to prevent larger wallets from gaining disproportionate advantages over smaller participants.
The testing phase is scheduled to remain active until Pi2Day on June 28.
Real-World Data Could Be a Major Advantage
Unlike the previous test token, SLICE is connected to an actual working application rather than serving purely as an experimental asset.
This allows Pi Network to gather real user engagement data, activity metrics, and usage statistics that can help shape the future Mainnet version of the Launchpad.
For the project team, this represents an important step toward creating meaningful utility within the ecosystem.
119 Million PI Tokens Set to Enter Circulation
The largest concern for investors remains the ongoing token unlock schedule.
According to data from PiScan, approximately 119 million PI tokens are expected to be unlocked by the end of June. On June 11 alone, an additional 16 million tokens entered circulation.
The challenge is that current demand appears unable to keep pace with this growing supply. During the same period, only around 259,000 PI left exchanges.
This imbalance suggests that token supply is expanding much faster than buyer demand, creating significant downward pressure on the market.
Protocol 25 Will Be Closely Watched
Another major event on investors' radar is the scheduled launch of Protocol 25 on June 18.
If the upgrade proceeds smoothly and the network transition is successful, it could boost community confidence and attract additional buyers.
Conversely, technical issues or delays among network nodes could further weaken sentiment at a time when the market is already facing increased supply pressure.
Where Could PI Go Next?
The bullish scenario assumes PI successfully holds support at $0.120 and begins moving toward resistance near $0.136. A successful Protocol 25 rollout could potentially support a rally toward the $0.150 area.
However, downside risks remain significant. If PI closes below $0.120 while token unlocks continue to outpace demand, the market could open a path toward the psychologically important $0.10 level.
The coming weeks may therefore represent one of the most important periods of the year for Pi Network, as both the project’s technical development and the market’s ability to absorb a rapidly increasing token supply are put to the test.
#PiNetwork , #pi , #Altcoin , #CryptoNews , #DigitalAssets
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Bitcoin has been trading within an exceptionally tight range in recent days, a pattern that analysts often view as a precursor to a significant price movement. The key question now is whether the world's largest cryptocurrency will break higher or head toward new lows.
Several well-known market observers agree that the current setup represents a crucial moment that could determine Bitcoin’s direction for the coming weeks.
Bitcoin Is Being Squeezed by a Technical Pattern
Popular analyst Ali Martinez has highlighted a symmetrical triangle formation developing on Bitcoin’s four-hour chart.
According to his analysis, Bitcoin is currently trading between a key resistance level near $63,000 and support around $61,000. A breakout beyond either boundary could determine the next major move.
Martinez believes that a confirmed breakout from this range could trigger a price expansion of roughly 10%. If buyers manage to push above resistance, Bitcoin could regain bullish momentum. On the other hand, a breakdown below support could significantly strengthen selling pressure.
The analyst is closely monitoring trading volume around these levels, as volume often provides early confirmation of whether a breakout is genuine or merely a short-term fluctuation.
The $61,000 Level Remains in Focus
A similar view is shared by prominent crypto investor Ted Pillows.
He notes that the area around $61,000 continues to act as an important support zone. According to Pillows, it is notable that Bitcoin has managed to hold this level even as stock markets and precious metals have recently reached new local lows.
Despite this resilience, he remains cautious in the medium term. He believes Bitcoin could experience another short-term rally before facing renewed pressure during the third quarter.
Where Could Bitcoin Go Next?
Based on the scenarios outlined by Pillows, several possible outcomes remain on the table.
The most conservative scenario points to a move toward $64,000 followed by a reversal. A more bullish outcome could push Bitcoin toward $67,000 or even the $70,000 level before sellers begin to regain control.
On the downside, however, he warns that losing support at $61,000 could open the door to further declines.
In that scenario, the next significant support zone may be found around $59,000. If that level fails to hold, some projections suggest a drop toward approximately $56,500 before a potential recovery.
The Market Is Waiting for a Catalyst
At the time of writing, Bitcoin is trading near $62,800, representing a strong recovery from its recent decline to around $59,100.
Nevertheless, most analysts do not yet consider the recent rebound to be a confirmed trend reversal. They argue that the next major move will depend not only on technical levels but also on broader macroeconomic conditions, central bank policies, and overall investor risk appetite.
One thing is clear: Bitcoin has reached a point where a breakout from a key technical level could trigger a substantial move in either direction. Traders are therefore closely watching the $61,000 and $63,000 levels, which may ultimately determine the next chapter for the world's largest cryptocurrency.
#BTC , #cryptocurrency , #CryptoAnalysis , #CryptoNews , #bitcoin
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The U.S. Securities and Exchange Commission (SEC) has taken a step that could significantly reshape the future of tokenized equities. The regulator has proposed eliminating two key provisions of the National Market System (NMS), rules that have been a cornerstone of U.S. market structure for nearly two decades.
According to industry analysts, the move could remove one of the largest barriers preventing tokenized U.S. stocks from thriving on blockchain networks and accelerate the adoption of decentralized finance (DeFi).
SEC Targets Rules Introduced in 2005
SEC Chairman Paul Atkins announced a proposal to repeal Rules 611 and 610(e) of Regulation NMS, which were originally introduced in 2005 to protect investors and promote fair trading across U.S. markets.
According to Atkins, the goal is to simplify market structure, reduce costs for market participants, and create more room for competition and innovation.
Rule 611 currently prohibits so-called "trade-throughs," meaning a trade cannot be executed at an inferior price if a better bid or offer is available on another exchange at that moment.
Rule 610(e), meanwhile, prevents the display of locked or crossed quotations, situations where bids and offers overlap across trading venues.
The SEC has now opened a 60-day public comment period, allowing market participants to provide feedback on the proposal.
Why Are These Rules a Problem for DeFi?
According to Alex Thorn, Head of Research at Galaxy Digital, the proposal represents one of the most significant regulatory unlocks for tokenized equities to date.
The reason is straightforward: the current rules were designed for centralized exchanges, not decentralized blockchain protocols.
Automated Market Makers (AMMs), which form the foundation of many DeFi applications, operate very differently from traditional stock exchanges. Prices are determined algorithmically through liquidity pools, and transactions are executed directly on-chain.
As a result, AMMs face major challenges complying with Rule 611.
According to Thorn, decentralized protocols cannot route orders across exchanges, continuously monitor the National Best Bid and Offer (NBBO), or halt a trade simply because a better price exists elsewhere.
This means many tokenized stock platforms could potentially be viewed as non-compliant—or even illegal—under the current framework.
Tokenized Stocks Could Gain Significant Momentum
If the SEC ultimately removes these rules, regulatory oversight would shift more heavily toward best execution obligations, requiring brokers to seek the most favorable outcomes for their clients.
Analysts believe this approach is far more flexible and better suited to decentralized trading environments.
Thorn described the proposal as part of a broader initiative often referred to as Project Crypto, aimed at removing major market-structure barriers while addressing registration and licensing challenges through future regulatory exemptions and innovation-focused frameworks.
Approval Could Come in 2027
Jaret Seiberg of TD Cowen’s Washington Research Group believes the proposal has a strong chance of becoming reality.
According to Seiberg, eliminating these rules has long been a priority for SEC Chairman Paul Atkins, and the final version could be completed during the first quarter of 2027.
However, he does not expect the SEC to wait until the rules are formally repealed before allowing tokenization projects to move forward.
Instead, he believes the regulator could grant exemptions to pilot programs much sooner.
Challenges Still Remain
Even if Rules 611 and 610(e) are eliminated, tokenized stocks will continue to face several regulatory hurdles.
Issues surrounding registration, clearing, settlement, and operation through exchanges or alternative trading systems (ATS) will still need to be addressed.
Many existing securities regulations were built for centralized financial institutions and are not well suited for decentralized, peer-to-peer trading environments.
Nevertheless, analysts view the SEC’s proposal as a major milestone. If approved, it could significantly accelerate the integration of tokenized U.S. equities into DeFi ecosystems and bring traditional financial markets one step closer to blockchain-based infrastructure.
#SEC , #defi , #Tokenization , #blockchain , #DigitalAssets
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