Bitcoin has come under heavy selling pressure, falling from $74,000 to $65,500 in just 48 hours. As the world’s largest cryptocurrency struggles to recover, traders on prediction markets are increasingly betting that the decline isn’t over, with many expecting Bitcoin to retest its April low of $55,000 before year-end. Here’s why BTC traders are so …
The American Bankers Association, which lobbies against the crypto sector over the Clarity Act's stablecoin section, unveiled its new polling.
Mastercard expanded settlement to USDC, PYUSD, and RLUSD, enabling intraday, weekend, and holiday card settlement across its payments network.
As the U.S. Senate prepares for a crucial phase of discussions around the CLARITY Act, investors are increasingly debating whether the legislation will become a major catalyst for altcoins or simply another “sell the news” event. In an exclusive interview with Coinpedia, the CIO and Founder of MN Fund, MN Capital, and New Era Finance, …
The Shiba Inu burn initiative has existed for a number of years now, a move that was created to help reduce the massive supply of the meme coin. Initially, this initiative drew a lot of attention, with investors burning thousands of dollars worth of SHIB daily and removing billions in SHIB from the circulating supply. However, as the market has moved into another bear market, Shiba Inu has suffered, and the burn initiative has slowed to almost a stop. Shiba Inu Burns Drop To Only Hundreds Of Dollars As shown on the Shibburn website, which is the official tracker for the amount of SHIB tokens burned daily, the SHIB burn rate has dropped drastically. The website shows that over the last week, around an average of $10 worth of tokens have been burned daily, meaning only a tiny amount of tokens are being taken out of circulation. Related Reading: Why The Bitcoin Price Won’t Hit $100,000 Again This Year The seven-day figures come out to just over $100 worth of tokens burned, which means that only around 20 million SHIB tokens were taken out of circulation, according to current prices. The 30-day figures also show how much the burn rate has slowed, with less than $1,000 worth of tokens burned in one month, or around 144 million SHIB. While the token figures burned, coming out to the millions, may seem impressive, it is barely a drop in the ocean of what the total SHIB supply is. Official channels show a total supply of just over 589 trillion tokens. Out of this, 410.8 trillion tokens have been burned, courtesy of Ethereum founder Vitalik Buterin, starting the first recorded SHIB burn with 410 trillion tokens sent to the burn wallet. Taking into account the total amount of burned tokens, it now leaves 585.56 trillion tokens left in circulation. This means that the 144 million burned in the 30-day period is near negligible to the total circulating supply. As a result, there is likely not going to be any significant reduction to the SHIB supply anytime soon. Related Reading: Analyst Says This Dogecoin Chart Is Too Dangerous To Ignore – Here’s Why Participation figures from holders mirror just how much the SHIB burn initiative has fallen out of favor. The Shibburn website shows an average of 3-5 burn transactions recorded daily compared to the tens to hundreds of transactions that used to be recorded when the burn first began. As for the Shiba Inu price, the meme coin has continued to struggle. According to CoinMarketcap, it is down 93% from its 2021 all-time highs. Nevertheless, its market cap of $3.1 billion makes it the third-largest meme coin in the market, sitting behind Dogecoin and MemeCore. Featured image from Dall.E, chart from TradingView.com
Bitcoin dropped about 9% as investors reacted to a mix of market pressures, including large capital raises by major AI and space companies. Traders suggest some institutions are selling crypto holdings to free up cash for opportunities linked to firms such as SpaceX, OpenAI, Anthropic and Alphabet, which together could attract hundreds of billions of …
In times when selling pressure has kept the crypto market suppressed, the Zcash price shows a strong desire to reclaim lost levels. The price has reclaimed $600, while other popular crypto assets are breaking down below their respective support levels. The resilience suggests that traders may be rotating capital toward privacy-focused assets, a segment that …
TapTools is set to wind down after leadership exits as Charles Hoskinson warns of a wave of Cardano ecosystem failures ahead.
Bitmine is facing roughly $9 billion in unrealized losses after Ethereum’s price dropped to about $1,860. The company accumulated 5.4 million ETH at an average cost near $3,500, turning its $18.8 billion position into one worth around $10 billion. The decline highlights the risks of large corporate crypto holdings during market downturns. Rival MicroStrategy is …
Crypto sponsorships have become a common sight across football stadiums, shirts, and advertising boards. But the UK Financial Conduct Authority (FCA) has warned football clubs about the risks of partnering with unauthorized crypto firms. As cryptocurrency sponsorships become increasingly common across English football, regulators say such deals could expose clubs to legal, financial, and reputational …
Pi Network is expanding its gaming ecosystem as CiDi Games launches a new Developer Center to attract more game creators to the platform. CiDi Games, a Pi Network Ventures portfolio company, is also broadening its focus. Instead of operating only as a gaming platform, it now aims to build the infrastructure that can support games …
Jenny Johnson, Franklin Templeton's CEO, said blockchain and crypto threaten a huge number of business models that exist today in traditional finance.
A cryptocurrency analyst has highlighted how XRP has recently dropped under a Symmetrical Triangle, potentially setting a target of $1.14. XRP Has Broken Below A Symmetrical Triangle In a new post on X, analyst Ali Martinez has talked about a Symmetrical Triangle that the daily price of XRP was potentially trading inside before the recent drawdown. The “Symmetrical Triangle” here refers to a pattern from technical analysis (TA) that forms whenever an asset trades between two converging trendlines. Related Reading: XRP Sees Biggest Exchange Inflow Of 2026—Shortly Before Even Larger Outflows The main feature of the pattern that separates it from other triangular channels is that it involves trendlines that approach each other at a roughly equal and opposite slope. Thus, as the asset trades inside this channel, its range shrinks to a midpoint. Like with other consolidation patterns in TA, the upper level of a Symmetrical Triangle is also assumed to be a source of resistance, while the lower line that of support. A break out of either of these trendlines can signal a continuation of trend in that direction. Now, here is the chart shared by Martinez that shows the Symmetrical Triangle that was earlier forming in the 1-day price of XRP: As displayed in the above graph, XRP spent a couple of months inside the Symmetrical Triangle, but as the range became tight in May, a breakout finally took place. The escape, however, came in the down direction, with the asset slipping below the support level. As mentioned before, ventures out of a Symmetrical Triangle can signal the continuation of trend in that direction. This means that the breakdown of support can be a bearish signal. From the chart, it’s apparent that the pattern appears to have held for XRP so far, with bearish action continuing since the lower level gave out. Based on the trend, the analyst has put a target of $1.14 for the cryptocurrency. It now remains to be seen whether the coin will march toward this level or if its trajectory will reverse. This Symmetrical Triangle shared by Martinez was a short-term pattern. In another recent X post, the analyst highlighted a long-term channel that the monthly price of XRP has possibly been stuck inside for years now. Related Reading: Ethereum Price Falls, But Whales Push Holdings To 10-Week High The pattern in question is a Parallel Channel, which involves, as its name suggests, two trendlines that are parallel to each other. As the below chart shows, the asset retested the resistance level of this channel in 2025, but it ended up finding rejection. The cryptocurrency has been going down since this reversal. “If $XRP continues respecting this parallel channel, the mid-range near $0.73 could become an attractive accumulation zone,” noted Martinez. XRP Price At the time of writing, XRP is floating around $1.23, down nearly 8% in the last seven days. Featured image from Dall-E, chart from TradingView.com
Some of the information that New York and the European Union’s watchdogs will share includes the issued stablecoin, total volume in circulation and the number of holders.
Gold advocate Peter Schiff has warned that Bitcoin could drop below $20,000, but only after first falling under $50,000. Schiff argued that investor complacency remains too high and that market conditions do not yet support a lasting price bottom. His comments came as Bitcoin traded near $66,000 following a sharp correction across the crypto market. …
Evin McMullen’s view on AI agents disrupting Google’s and Facebook’s business model was previously shared by Cardano Founder Charles Hoskinson and Cloudflare CSO Stephanie Cohen.
Markets now imply a 66% chance bitcoin falls below $55,000 and a coin-flip chance of sub-$50,000 prices before year-end.
NewLimit, a longevity biotechnology company co-founded by Coinbase CEO Brian Armstrong, has raised $435 million in a Series C funding round led by Founders Fund. New investors, including Thrive Capital, Greenoaks and Quiet Capital, joined existing backers such as Kleiner Perkins and Eli Lilly Ventures. The company develops age-reprogramming therapies designed to restore cell function …
Bitcoin saw its largest daily drop since early February on Tuesday as the cryptocurrency shed more than $4,500 in a single day.
Adecoagro, a South American agricultural company backed by Tether, plans to launch a Bitcoin mining operation in Brazil powered by renewable energy from sugarcane residue. The project will initially use 10 megawatts of electricity and deploy 1,280 mining machines, with operations expected to begin around July 1, 2026. The initiative aims to monetize surplus energy …
Bitcoin, Ethereum, XRP, and major altcoins are crashing today amid aggressive selling pressure, wiping billions from the crypto market. The total crypto market capitalization has dropped more than 5% to nearly $2.37 trillion, while Bitcoin struggles near the $66,000 support zone, Ethereum slides toward $1,840, and XRP risks a fresh breakdown below critical demand. So, …
Rubio told Congress sanctions relief requires nuclear concessions only, rejecting Hormuz linkage. Iran oil sanction relief by June 30 drops to 33.5% YES.
The post Rubio says US will lift Iran sanctions only for nuclear concessions, not Hormuz appeared first on Crypto Briefing.
The sanctions come four days after Treasury Secretary Scott Bessent said the US had seized nearly $1 billion in crypto from Iranian crypto exchanges and wallets since late February.
Analysts said the market continues to assess geopolitical uncertainty alongside Strategy's recent bitcoin sale.
After the latest Ethereum (ETH) pullback, some analysts have pointed to a bearish setup that suggests the leading altcoin could see another correction toward its potential market bottom. Related Reading: Arthur Hayes Bets $100K On Hyperliquid, Says HYPE Will Beat Solana By Year‑End Ethereum Bear Setup Breakdown Spells Trouble On Tuesday, Ethereum saw a 5.5% intraday drop from its daily opening, falling below the $1,900 barrier for the first time since late February. Notably, the King of Altcoins broke down from its five-day range between $1,965-$2,035, reaching a two-month low of $1,880. Amid today’s broader pullback, which also sent Bitcoin (BTC) toward the $67,000 support, market observer Trader Tardigrade affirmed that ETH’s final correction may be around the corner as a key bearish pattern is “repeating perfectly.” The trader pointed out a breakdown from a bear flag formation on the altcoin’s three-day chart. The setup had been forming since the February market crash, with the cryptocurrency breaking out of the pattern’s lower boundary around mid-May, when the price lost the $2,200 area. According to the above chart, this is the second time this pattern has formed since the Q3 2025 highs, with the first setup developing between late 2025 and early 2026, and resulting in the Q1 2026 40% crash. More importantly, Ethereum appears to be repeating the same path as its correction from the Q4 2024-Q1 2025 rally. After topping in late 2024, the cryptocurrency printed two consecutive bear flags, followed by a fresh leg down, before reaching its local bottom and eventually starting a new bullish rally. Now, “the structure is identical. Same breakdown. Same setup,” which suggests that “the final dip” toward the market bottom may be around the corner. “Once this dip completes, we’re headed straight into the next explosive leg up,” the trader stated. Where Is ETH Headed? Analyst Rekt Capital noted that Ethereum closed the month below its multi-year uptrend for the second time in five months. The last time this happened, the altcoin saw a “limited move to the upside” but was quickly rejected from the crucial $2,400 horizontal level. This signals that the rallies stemming from this trendline “are clearly weakening,” with the multi-year uptrend “likely faltering.” According to the analysis, ETH must hold the 2026 lows, around $1,750, or reclaim the uptrend to avoid a deeper correction. Similarly, Ali Martinez named this level a crucial support amid the recent price action. As he explained, Ethereum is approaching the bottom of its four-month horizontal channel, which is near the $1,825 level. To the analyst, “that area could offer a favorable risk-reward entry targeting $2,073 and $2,360, as long as price remains above $1,750 on a daily closing basis.” However, he has previously warned that since the price was rejected from the mid-zone of a multi-year channel and the 200-week Simple Moving Average (SMA), the altcoin risks a deeper correction. Related Reading: The Bitcoin Retracement Rally And The Resistance Level That Could End It All Therefore, if ETH sees a weekly close below the $1,850 area, “downside acceleration becomes highly likely,” with the channel structure pointing to two major downside targets, from a technical perspective. Martinez concluded that the initial retracement would see Ethereum retest the interim structural support around $1,560, while a deeper correction could push the price near the lower boundary of the multi-year range, at $1,070. Featured Image from Unsplash.com, Chart from TradingView.com
The jump signals return of fear after two months of calm market sentiment.
Bitcoin fell below $67,000 for the first time in two months, dropping about 6.75% to around $66,700. The decline triggered $1.48 billion in crypto liquidations over 24 hours, with long positions accounting for $1.35 billion. More than 221,000 traders were affected. The selloff was driven by several factors, including continued outflows from US spot Bitcoin …
Binance will move its NFT service from the exchange platform to Binance Wallet, aiming to provide direct access through a decentralized setup. Users holding transferable NFTs must withdraw them by July 3, 2026. Binance plans to send reminders and reimburse withdrawal fees for up to 100,000 users. Cristiano Ronaldo NFT holders will receive additional support. …
Cardano’s ecosystem is facing fresh pressure after TapTools, one of its most popular analytics platforms, announced it will shut down over the next two weeks. The move comes after a string of executive departures and adds to growing concerns about the health of several Cardano-based projects. Leadership Exits Leave TapTools Struggling In a post on …
Karen Bass confirmed to advance to LA's November mayoral runoff. First-round finish market at 98% YES; general election win at 78% YES.
The post Karen Bass advances to LA mayoral runoff in November appeared first on Crypto Briefing.