South Korean police have launched their first investigation into local users of Polymarket, the world’s largest prediction market, on suspicion of illegal gambling. According to ChosunBiz, the probe is being led by Gangwon Provincial Police following a request from the National Police Agency. The case matters because South Korean law prohibits betting on platforms outside …
Companies have been developing AI very quickly to stay ahead of the market, but
Favaro and Clark argue that a slowdown would allow more time to deal with the technology’s implications.
XRP may be heading toward a significant price recovery if a rare technical signal repeating across multiple market cycles holds true again. Related Reading: Bitcoin’s $60K Range Seen As Potential Long-Term Accumulation Zone, Analyst Says Based on analysis, a long-term ascending channel that has guided the token’s price since 2017 currently has XRP sitting just above its lower support boundary — a position that, combined with a deeply depressed momentum reading, has analysts watching closely. A Pattern Decades In The Making The monthly relative strength index for XRP has fallen to 42.7, according to analysis published by market commentator Celal Kucuker. That reading places it near the lowest levels recorded in the token’s trading history, a range that has shown up only three times before — in November 2015, March 2020, and August 2022. Each instance was followed by a substantial price run higher. The ripple:native monthly chart is screaming. 2017 — XRP exploded. 2021 — XRP exploded. 2024 — XRP exploded. Is 2026 next? Ripple before every major rally, this momentum indicator reached the same extreme low zone. Now it’s back at historical levels once again. pic.twitter.com/ElwEx7ANPW — Celal Kucuker (@CelalKucuker) June 3, 2026 The 2015 episode came while XRP was trading inside a symmetrical triangle pattern, with the price having pulled back sharply to around $0.0040 and the monthly RSI landing at 46.7. That setup preceded the broad 2017 rally cycle. In March 2020, during a period of widespread market selling, the monthly RSI fell to 43.7 and the token reached a low near $0.104 before rebounding to $1.97 by April 2021. A third occurrence came in August 2022, when prices dropped to $0.31 and the RSI reached 43.9. XRP eventually climbed to $3.40 by January 2025. What The Chart Is Showing Now XRP has dropped more than 10% in June alone, with the first four days of the month bringing the token to multi-month lows around $1.18. A 9% decline was recorded in the last week. Despite the selling pressure, reports indicate the token has held above the lower boundary of the ascending channel that has contained its price movements for nearly a decade. Kucuker’s analysis highlights that what sets the current setup apart is the combination of two conditions occurring together: price holding at long-term structural support while the monthly momentum indicator has already fallen back to historically low ground. Related Reading: Bleeding Bitcoin Holders Signal Stress — $60K Becomes Critical Battleground In prior cycles, momentum reached these depths either at the same time as the price bottom or just before a sustained recovery began. The Channel’s Upper End In Sight Should the same pattern play out, the initial price target would be the upper resistance line of the ascending channel. Reports note that each time XRP has tested the channel’s lower support, it has eventually moved toward the upper boundary. Featured image from Gemini, chart from TradingView
Ethereum's dip signals heightened market volatility, reflecting broader economic uncertainties and potential prolonged bearish trends.
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The ceasefire's impact on markets highlights the interconnectedness of geopolitical events, influencing currency values and investment strategies globally.
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The partnership could accelerate AI infrastructure innovation, influencing tech supply chains and potentially reshaping competitive dynamics in AI hardware.
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Amazon's Vulcan robot could revolutionize warehouse operations, enhancing efficiency and reducing costs while complementing human labor.
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Shielded Labs revealed that the bug could have helped an attacker print unlimited counterfeit tokens. That could have damaged trust in the token's supply and its value.
Nearly four months after crypto exchange Coinbase and the Federal National Mortgage Association—better known as Fannie Mae—announced their partnership, the companies have now disclosed what they describe as the first-ever mortgage backed by crypto collateral. No Need To Sell Crypto The concept was originally unveiled in March, when Better Home & Finance and Coinbase announced a joint mortgage product designed for prospective homebuyers who hold crypto but struggle with the cash requirements of traditional financing. Instead of requiring customers to liquidate their digital holdings to raise down payment funds, the Coinbase program allows borrowers to pledge crypto—such as Bitcoin (BTC) or Circle’s USDC stablecoin held in a Coinbase account—so those holdings can secure a separate loan intended to cover the down payment. Importantly, the actual home mortgage remains a conventional Fannie Mae–backed loan, meaning the structure is built around the existing conforming mortgage framework rather than replacing it with a new, fully crypto-based mortgage system. Related Reading: XRP Price Falls To 4-Month Lows—Charts Signal Sell, On-Chain Data Turns Bearish In Thursday’s update, Better Home & Finance and Coinbase said the first loan has already been closed. The borrowers are Joe and Amy, a married couple in their early 30s from Ann Arbor, Michigan. Coinbase reported that both had meaningful savings in digital assets, but ran into a challenge that blocks many qualified buyers: they didn’t have enough cash available for a traditional down payment. According to the companies, instead of selling their long-term Bitcoin position—an action that could trigger capital gains taxes and potentially force investors to exit exposure—they used the program to pledge their crypto as collateral. They then completed the purchase of their first home. Coinbase Sees New Path To Homeownership Joe, a software engineer, explained that homeownership has been the goal for some time, but he wasn’t willing to give up his long-term investment plan simply to qualify for a down payment. He said the mortgage helped him avoid liquidating his Bitcoin, avoid having to time the market, and avoid having to reset his finances in a way that would delay his path to buying a home. Joe said: We closed on our home, and my Bitcoin stayed intact. We didn’t have to liquidate, didn’t have to time the market, and didn’t have to start over financially to achieve our homeownership goals. That meant everything. Related Reading: Bitcoin Drops Below $66,000 Amid Mounting ETF Outflows, $4B Withdrawn In 12 Days Coinbase framed the milestone as part of a broader message about utility for crypto holders. Mark Troianovski, Head of Consumer & Platform Partnerships at Coinbase, said the company believes Bitcoin should do more than sit idle in a wallet. He described the first token-backed conforming mortgage as a concrete example of that idea and pointed to the scale of digital-asset ownership in the US. Troianovski further stated: Funding the first token-backed conforming mortgage is one of the most tangible demonstrations of that vision that we have seen. Tens of millions of Americans have built real wealth in digital assets. That wealth now has a direct path to homeownership, creating new opportunities for the next generation of homebuyers. Featured image created with OpenArt; chart from TradingView.com
The pilot could enhance cross-border trade efficiency, but regulatory variability and adoption challenges may impact its scalability and success.
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Rumble's strategic cloud expansion with NVIDIA GPUs could significantly boost its AI capabilities, impacting market dynamics and revenue growth.
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Solana's clear economic value proposition positions it for growth amid Ethereum's narrative struggles and market uncertainty.
The post Mike Dudas: Non-KYC markets are poised for explosive growth, Bitcoin’s conflicting strategies damage market confidence, and Ethereum struggles with narrative clarity | Unchained appeared first on Crypto Briefing.
Superdelegates' influence in the Democratic Party nomination process challenges the rise of insurgent candidates.
The post John Kiriakou: DNC’s superdelegates manipulate nomination outcomes, the CIA shifted focus to targeted killings post-9/11, and the US lacks a long-term strategic mindset | This Past Weekend appeared first on Crypto Briefing.
ZEC market capitalization fell by almost $3 billion over the past 24 hours following the disclosure of a critical vulnerability, despite it being patched already.
Google's $40B Texas investment highlights the growing energy demands of AI and cloud tech, impacting local economies and energy markets.
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The Meitner Energy Center's innovative model may set a precedent for sustainable data centers, influencing industry practices and resource management.
The post Google and Intersect Power break ground on massive Meitner Energy Center in Texas appeared first on Crypto Briefing.
Bitcoin has experienced significant selling pressure following a 16% drop since Monday — a decline that has compressed the recovery from the cycle lows and forced a reassessment of where the market’s structural support actually lies. Against that backdrop, CryptoQuant analyst Woominkyu has identified a signal in the mining data that places the current weakness in a historical context that spans the entirety of Bitcoin’s market cycle history. Related Reading: Bitcoin Falls Below $66K As Short-Term Holder Stress Reaches February Levels The 30-day moving average of Bitcoin’s hashrate has turned downward alongside the price decline. Woominkyu frames the significance of that development with a precision that separates it from routine data monitoring. Hashrate is not simply a network metric — it represents the physical security layer of the Bitcoin network and the proof that miners are committing real energy and real capital to defend the current price level. When the 30-day hashrate average turns down alongside price, it reflects genuine stress in the mining ecosystem rather than a statistical fluctuation. The historical context Woominkyu provides is the framework that prevents the current signal from generating either panic or dismissal. Hashrate pullbacks are not unprecedented — they are a documented and recurring feature of Bitcoin’s market cycle behavior. The 2021 China mining ban produced a 43% decline. The 2018 bear market produced a 28% contraction. The 2022 cycle, the 2024 halving, and a late 2025 pullback each produced their own measurable hashrate compressions. In every case, these declines clustered around cycle bottoms — the moments when inefficient miners capitulated and the network contracted before recovering stronger. A Modest Hashrate Dip With Miners Still Holding Woominkyu’s quantification of the current hashrate decline places it in the correct historical category immediately. The seven-day decline sits at approximately -6.6% while the 30-day reading shows a -3.0% contraction — figures that are meaningful enough to register as a genuine signal but remain far shallower than the capitulation events that have historically marked cycle bottoms. The 2021 China ban produced a 43% decline. The current reading is a fraction of that scale. Bitcoin Hashrate | Source: CryptoQuant The difficulty data adds the marginal pressure context. Difficulty remains +4.9% on a 30-day basis — meaning miners are operating against tightening economics even as hashrate begins to pull back. That combination of rising difficulty and declining hashrate describes squeezed margins rather than comfortable profitability. What prevents the current setup from becoming alarming is the miner reserve data. Reserves are nearly flat — miners are holding their Bitcoin rather than sending it to exchanges for sale. The stress is present in the economics but has not yet converted into the forced distribution behavior that characterizes genuine capitulation events. The level Woominkyu identifies as the threshold between caution and concern is specific. A -3% dip that stabilizes and reverses fits the shallow correction pattern. A deepening toward the -10% to -40% drawdowns of previous cycle bottoms would shift the signal from a routine margin squeeze into something that historically precedes more significant market structure changes. For now, the data supports the former reading — worth monitoring carefully but not yet warranting the alarm that the historical comparisons might initially suggest. Related Reading: Smart Money Keeps Buying HYPE Despite Rising Market Fear – Price Holds Above $70 Level Bitcoin Loses Key Support: $60K Zone Now In Focus Bitcoin remains under intense selling pressure after breaking decisively below the critical $65,000-$66,000 support zone that had contained price action since the February capitulation low. The daily chart shows a sharp acceleration to the downside, with BTC trading near $63,100 after a violent rejection from the $73,000 resistance area earlier this week. BTC testing critical support level | Source: BTCUSDT chart on TradingView The breakdown is technically significant because it invalidates the higher-low structure that supported the recovery from April through May. Price has now fallen below the 50-day, 100-day, and 200-day moving averages, confirming a bearish market structure across all major trend indicators. Volume has also expanded noticeably during the decline, suggesting the move is being driven by aggressive selling rather than a lack of buyers. Related Reading: Bitcoin Loses $70K While 10,300 BTC Leave Mt. Gox-Linked Addresses – Details The most important level now sits between $62,000 and $64,500, highlighted by the lower demand zone on the chart. This area acted as support during the February washout and represents the last major defense before Bitcoin potentially targets the psychological $60,000 level. A sustained break below this zone would expose the February lows near $61,000 and could trigger another wave of capitulation. For bulls, the immediate objective is reclaiming $65,000. However, the former support zone between $65,000 and $66,000 has now become resistance. Until BTC can recover that area, momentum remains firmly in favor of sellers, with downside risk continuing to dominate the short-term outlook. Featured image from ChatGPT, chart from TradingView.com
The EU's Basel III rules may reshape global banking dynamics, potentially influencing capital allocation and regulatory strategies worldwide.
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Nvidia's strategic engagement in South Korea enhances supply chain resilience and strengthens its position in the global AI market.
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QuickSwap's expansion to Base could redefine its market position, potentially enhancing investor confidence through multi-chain growth and MEV strategies.
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Senator Cynthia Lummis has led a group of lawmakers urging financial regulators for “fair capital treatment for on-balance sheet treatment of digital assets.”
The launch of Asia's first regulated INJ fund by Merkle Capital could enhance institutional crypto adoption, despite inherent market risks.
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Kalshi's shift towards institutional-grade tools could redefine prediction markets, attracting larger trades and enhancing market efficiency.
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Broadcom's AI revenue growth highlights hyperscale demand, but reliance on key clients and mixed non-AI guidance pose strategic risks.
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Zcash ZEC price crashed today after founder Zooko Wilcox disclosed a critical vulnerability that could have allowed attackers to create unlimited counterfeit ZEC within the network’s Orchard shielded pool. The bug, which reportedly existed since May 2022, was discovered on May 29 and patched by June 1 using Claude Opus 4.8. Following the disclosure, ZEC …
Data shows the spot ETFs and Strategy have absorbed more Bitcoin than Satoshi’s stack since the asset was last at $63,000, yet the asset has returned to the same level. Bitcoin Could Be Headed Toward The Realized Price In a new post on X, CryptoQuant founder Ki Young Ju has talked about the latest crash in the Bitcoin price. Since mid-May, the cryptocurrency has gone through a significant drawdown that has taken its value from a high above $81,000 all the way down to the $63,000 level. A major part of this decline has come in June alone, with BTC even hitting a brief low below the $62,000 mark. Related Reading: Bitcoin Traders Turn Most Fearful In 2 Months Following Crash The latest downturn has interestingly arrived despite some positive developments in the market. Young Ju pointed out that since BTC was at $63,000 in March 2024, the asset’s supply has gone through a distribution shift. The spot exchange-traded funds (ETFs), investment vehicles introduced in the United States in 2024, have absorbed 509,102 BTC inside this window. Meanwhile, Strategy, the largest corporate holder of Bitcoin, has added 650,706 BTC to its holdings. To put things into perspective, Satoshi’s BTC wallets hold about 1 million tokens, while the combined supply absorbed by the spot ETFs and Strategy equals more than 1.24 million tokens. Even all centralized exchanges combined hold a total of 2.7 million BTC, providing another comparison for the accumulation. “More BTC than Satoshi’s stack, nearly half of exchange reserves, has been absorbed, and price is still back at the same level,” noted the CryptoQuant founder. As for how much the drawdown can extend from here, perhaps the Realized Price can provide some hints. This on-chain metric tracks the cost basis of the average wallet on the Bitcoin network. Here is a chart that shows how this indicator has changed for BTC over the last few years: The metric appears to have been on the decline in recent months | Source: @ki_young_ju on X As displayed in the above graph, the Bitcoin Realized Price has seen a drop recently as investors have participated at the lower bear market prices. Currently, the metric’s value stands at $53,800. So far, BTC has managed to stay a notable distance above the Realized Price, but historically, bear markets have only concluded when the asset has ventured below this line. “I thought that level would be hard to revisit, given institutional inflows and MSTR barely selling any BTC,” said Young Ju. “But current price action suggests unusually strong sell pressure.” Related Reading: XRP Breaks Below Triangle—Will Drawdown Extend To $1.14? It now remains to be seen whether Bitcoin will manage to hold above the Realized Price this cycle or if the same pattern as before will play out again. BTC Price At the time of writing, Bitcoin is floating around $63,200, down more than 13% in the last seven days. Featured image from Dall-E, chart from TradingView.com
Morgan Stanley's Bitcoin ETF signals growing institutional acceptance, potentially driving significant capital inflows and influencing market dynamics.
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Rising jobless claims signal potential labor market softening, prompting investor caution amid holiday data volatility and economic uncertainty.
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Zcash (ZEC) recorded a sharp correction over the last 24 hours, declining nearly 30% as selling pressure increased due to a critical vulnerability in the network’s Orchard privacy pool. Santiment data shows that whales turned bearish around $536.6, followed by retail investors near $518.9. With both groups expecting further downside, selling activity increased, and ZEC …
SpaceX's IPO strategy could redefine market expectations, emphasizing direct pricing control and potentially influencing future IPO approaches.
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