XRP price started a recovery wave above $1.360 and $1.3620. The price is now consolidating and might aim for a fresh move if it clears $1.3940. XRP price started a recovery wave above the $1.3620 zone. The price is now trading below $1.3850 and the 100-hourly Simple Moving Average. There was a break above a declining channel with resistance at $1.380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.3940. XRP Price Eyes Recovery XRP price remained supported above $1.3450 and started a recovery wave, like Bitcoin and Ethereum. The price was able to climb above $1.3550 and $1.360 to enter a short-term positive zone. More importantly, there was a break above a declining channel with resistance at $1.380 on the hourly chart of the XRP/USD pair. However, the bears could be active near the $1.3820 zone and the 23.6% Fib retracement level of the downward move from the $1.5495 swing high to the $1.3465 swing low. The price is now trading below $1.3850 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $1.3850 level. The first major resistance is near the $1.3940 level. A close above $1.3940 could send the price to $1.420. The next hurdle sits at $1.4720 or the 61.8% Fib retracement level of the downward move from the $1.5495 swing high to the $1.3465 swing low. A clear move above the $1.4720 resistance might send the price toward the $1.50 resistance. Any more gains might send the price toward the $1.520 resistance. Another Drop? If XRP fails to clear the $1.3940 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.3620 level. The next major support is near the $1.3550 level. If there is a downside break and a close below the $1.3550 level, the price might continue to decline toward $1.3450. The next major support sits near the $1.3350 zone, below which the price could continue lower toward $1.320. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.3620 and $1.3450. Major Resistance Levels – $1.3850 and $1.3940.
HYPE is showing remarkable strength as it approaches all-time highs — a performance that stands in sharp contrast to the broader market, facing selling pressure and uncertainty. While most assets have been retreating, Hyperliquid’s native token has been moving in the opposite direction, drawing attention from the most closely watched category of participants in the digital asset space. Related Reading: Bitcoin’s 2026 Market Structure Reveals A Problem Hidden Beneath ETF Growth Data from Arkham Intelligence has revealed that a whale wallet linked to Andreessen Horowitz — the legendary Silicon Valley venture capital firm known as a16z, which manages one of the largest and most influential dedicated crypto funds in the world and has backed foundational projects including Coinbase, Uniswap, and Solana — has created a new wallet and used it to purchase 206,325 HYPE tokens worth approximately $9.95 million over the past ten hours. The purchased tokens were then immediately staked — a deliberate act that removes them from liquid circulation and signals a long-term holding intention rather than a trading position. HYPE whale transactions | Source: Arkham The creation of a new wallet before the purchase adds a layer of deliberateness to the transaction. This was not a routine addition to an existing position. It was a structured, intentional allocation — a fresh wallet created specifically to hold and stake a new tranche of HYPE while the broader market was selling. That behavioral detail, combined with the staking decision, tells a specific story about conviction — and about what a16z appears to believe is coming for Hyperliquid next. $102 Million in Six Weeks The latest purchase does not exist in isolation. Since April 14, the a16z-linked wallet activity has accumulated a total of 2.34 million HYPE tokens at a combined cost of approximately $102 million — a figure that has now crossed nine figures and continues to grow with each new transaction. The relevance of that total extends beyond the dollar amount. A16z is not a retail participant making opportunistic purchases during market weakness. It is one of the most analytically sophisticated and information-rich investors in the crypto ecosystem — a firm whose due diligence process for investments of this scale involves months of research, protocol analysis, team evaluation, and market structure assessment. When that category of participant commits $102 million to a single asset across six weeks of consistent accumulation, it is expressing a thesis that has survived rigorous internal scrutiny rather than a trade that felt attractive in the moment. Related Reading: XRP Enters “Volatility Vacuum” As Traders Exit Derivatives Market The staking behavior compounds the signal further. Tokens staked immediately after purchase are tokens that will not appear on the sell side of any exchange order book in the near term. Each staked tranche reduces the liquid float available to the market — a supply compression mechanism that operates quietly and persistently regardless of short-term price movements. HYPE approaching all-time highs while the broader market faces selling pressure is the price expression of that dynamic. A16z has been building the position for six weeks. The market is only now beginning to price in what that commitment implies about where Hyperliquid goes from here. HYPE Approaches Major Breakout Zone HYPE is trading near $49.50 after extending one of the strongest uptrends in the crypto market, with price now approaching the critical resistance region near previous all-time highs. While most major digital assets continue struggling below long-term resistance, HYPE has maintained a remarkably constructive structure defined by sustained higher highs, higher lows, and consistent buyer support during pullbacks. HYPE consolidates around key resistance level | Source: HYPEUSDT chart on TradingView The daily chart shows a decisive trend reversal beginning in February, when HYPE bottomed near the $21 region before reclaiming all major moving averages in rapid succession. Since then, the 50-day and 100-day moving averages have both turned sharply upward, while price continues trading comfortably above the 200-day moving average — a signal of strong medium and long-term momentum. Related Reading: Ethereum Whales Flood Binance With 225,000 ETH In Largest Inflow Since 2022 Importantly, the latest rally toward the $50 resistance area has been accompanied by a visible expansion in volume, suggesting the move is being supported by active accumulation rather than thin liquidity conditions. The recent breakout above the $45 region also confirms that buyers successfully absorbed supply from previous consolidation phases. Technically, HYPE now sits at a critical inflection point. A confirmed breakout above the current resistance zone could open the door for price discovery and a move toward the $56-$60 region. Meanwhile, the $41-$45 area becomes the key support zone bulls need to defend to maintain the current bullish structure. Featured image from ChatGPT, chart from TradingView.com
BTC recently turned lower from the 200-day average, a barometer of long-term trends. CryptoQuant explains why.
Meta's AI training on employee work amid layoffs risks reputational damage, legal scrutiny, and challenges in attracting top talent.
The post Meta trains AI on internal engineers’ work as it cuts 8,000 jobs appeared first on Crypto Briefing.
Potential rate hikes could tighten financial conditions, impacting risk assets and increasing market volatility tied to economic data releases.
The post Fed minutes reveal majority open to rate hikes if inflation persists appeared first on Crypto Briefing.
The Fed's openness to rate hikes signals a potential shift to tighter monetary policy, impacting economic growth and inflation management.
The post Fed minutes reveal openness to rate hikes if inflation stays above 2% target appeared first on Crypto Briefing.
ETF analyst Eric Balchunas says crypto and traditional assets are trading down while Hyperliquid is up, leading to a boon for ETFs tied to the token.
The attacker tricked the Butter Network cross-chain bridge into minting millions more tokens than the legitimate supply of MAPO.
Shares in Nakamoto closed Wednesday at 16 cents. They are down more than 99% from May last year, when the stock traded above $25.
Ethereum price started a recovery wave above the $2,110 zone. ETH is now consolidating and might struggle to continue higher above the $2,150 resistance. Ethereum started a recovery wave above the $2,120 zone. The price is trading below $2,140 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $2,110 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,150 zone. Ethereum Price Eyes Recovery Ethereum price remained bid above the $2,065 support zone, like Bitcoin. ETH price formed a base and started a recovery wave above the $2,080 resistance. The price surpassed the 50% Fib retracement level of the downward move from the $2,198 swing high to the $2,075 swing low. Besides, there was a break above a bearish trend line with resistance at $2,110 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,150 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,100, the price could attempt another increase. Immediate resistance is seen near the $2,140 level. The first key resistance is near the $2,150 level or the 61.8% Fib retracement level of the downward move from the $2,198 swing high to the $2,075 swing low. The next major resistance is near the $2,175 level. A clear move above the $2,175 resistance might send the price toward the $2,200 resistance. An upside break above the $2,200 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,250 resistance zone or even $2,265 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,150 resistance, it could start a fresh decline. Initial support on the downside is near the $2,120 level. The first major support sits near the $2,080 zone. A clear move below the $2,080 support might push the price toward the $2,020 support. Any more losses might send the price toward the $2,000 region. The main support could be $1,940. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,050 Major Resistance Level – $2,150
Samsung's labor peace boosts investor confidence, crucially supporting its AI chip strategy amid fierce competition and market dynamics.
The post Samsung Electronics shares surge 8% as strike averted with $416,000 bonuses appeared first on Crypto Briefing.
Emerging Asian markets face economic strain from geopolitical tensions, risking currency devaluation, inflation, and reduced remittances.
The post Iran war pressures emerging Asian markets, fuels bearish currency scenarios appeared first on Crypto Briefing.
The Iran conflict's impact on Asian markets highlights global economic instability, influencing future Fed rate decisions and oil price volatility.
The post Iran conflict pressures Asian markets, impacts Fed rate cut predictions for 2026 appeared first on Crypto Briefing.
Ferrari's crypto acceptance could drive luxury market innovation, attracting crypto-wealthy buyers while mitigating volatility concerns.
The post Ferrari accepts Bitcoin and crypto payments in US and Europe appeared first on Crypto Briefing.
Consecutive outflows from Bitcoin and Ethereum ETFs suggest a broader market repositioning, potentially signaling reduced institutional confidence.
The post Bitcoin ETFs see $70.4M in outflows as Ethereum ETFs shed $28.1M in consecutive retreat appeared first on Crypto Briefing.
Dogecoin spot ETFs are showing a clear pickup in May inflows, with SoSoValue data pointing to $2.15 million in net additions so far this month and no recorded outflow day in the period shown. The numbers remain small in absolute ETF-market terms, but they mark the strongest monthly inflow total for DOGE products since January and suggest that demand has reappeared after several quieter months. The May data gives DOGE ETF bulls a cleaner talking point than in prior months: inflows have returned, the monthly total has already reached $2.15 million, and the product group remains net positive every month since its November 2025 launch. Still, the scale is important. The inflows are meaningful for DOGE’s young ETF market, but they remain modest in absolute terms and are concentrated across only a handful of trading days rather than showing steady daily accumulation, according to SoSoValue data. Dogecoin ETF Momentum Builds Again From May 1 through May 19, DOGE spot ETFs recorded five positive inflow days: $400,194 on May 5, $227,207.79 on May 6, $393,135 on May 11, $272,886 on May 14 and $860,958 on May 18. That brings May’s month-to-date total to exactly $2,154,380.79. There were no negative-flow days in the period, but there were eight sessions with zero net inflow, including May 19. That distinction matters. The trend is positive, but it is not a continuous daily accumulation pattern. May’s inflow total is heavily supported by a handful of sessions, especially May 18, which alone accounted for roughly 40% of the month’s net inflows. The data therefore points less to a broad, uninterrupted bid and more to episodic demand returning to a still-small DOGE ETF complex. Related Reading: Smart Crypto Whale Loads Up On Dogecoin With $2 Million Long Position The cumulative picture is also notable. DOGE spot ETFs ended May 19 with $11.78 million in cumulative net inflows, up from $9.63 million at the start of May. Total net assets rose from $13.19 million on May 1 to $14.51 million on May 19, despite DOGE price falling. Month-to-date trading value reached about $10.06 million. The monthly sequence strengthens the “since launch” claim. The data series begins in November 2025, when DOGE spot ETFs drew $2.16 million in net inflows. December remained positive at $177,891.84 despite a $972,840.16 outflow on Dec. 4. January was the standout month with $4.07 million in net inflows, followed by $252,534 in February, $972,455.30 in March, $1.99 million in April and $2.15 million so far in May. The current fund-level split shows a concentrated market. As of May 19, Grayscale’s GDOG had the largest cumulative net inflow at $10.97 million and net assets of $9.88 million. TDOG, the 21Shares product, showed $2.19 million in cumulative net inflows and $3.96 million in net assets. Bitwise’s BWOW was the outlier, with a cumulative net outflow of $1.38 million and only $678,470 in net assets. Related Reading: How To Time The Dogecoin Bottom And When The Price Will Reach $2 Trading activity also remains thin. On May 19, GDOG traded $187,930, while TDOG and BWOW traded just $5,480 and $4,290, respectively. All three funds recorded zero daily net inflow that day. Premiums and discounts were small, with GDOG at a 0.01% premium and TDOG and BWOW at discounts of 0.19% and 0.20%, suggesting no major pricing dislocation around NAV. Compared with larger altcoin ETF categories, the main takeaway is scale. DOGE’s flow direction has improved, but the asset base remains modest enough that a single sub-$1 million inflow day can reshape the monthly narrative. For DOGE bulls, May offers evidence of renewed ETF demand. For market structure observers, it is still an early, shallow product set where liquidity, sponsor concentration and day-to-day flow lumpiness matter as much as the headline inflow streak. At press time, DOGE traded at $0.10. Featured image created with DALL.E, chart from TradingView.com
Zcash price has been rallying strongly over the past few days after breaking out of its prolonged consolidation range near $530. The latest surge toward $675 appears to have been driven by multiple catalysts, with the closure of an SEC investigation into the Zcash Foundation emerging as the strongest trigger. The development has significantly improved …
RBI's interventions highlight challenges in maintaining currency stability amid global market pressures and domestic economic demands.
The post Reserve Bank of India considers rate hikes and currency swaps to stabilize sliding rupee appeared first on Crypto Briefing.
India’s Standing Committee on Finance convened at Parliament House Annexe in New Delhi on May 20 to hear oral evidence from representatives of ZebPay, Binance, and WazirX on the subject of virtual digital assets and the way forward. The hearing marks one of the most formal engagements between India’s legislative apparatus and the global crypto …
The tentative wage deal averts immediate supply chain disruptions, stabilizing AI hardware costs and supporting decentralized GPU networks' growth.
The post Samsung Electronics averts 18-day strike with tentative wage deal appeared first on Crypto Briefing.
SpaceX's IPO could redefine market dynamics, boosting investor confidence and highlighting the strategic importance of aerospace innovation.
The post SpaceX plans record-breaking IPO, market confidence surges appeared first on Crypto Briefing.
SpaceX's IPO could reshape the space industry and financial markets, highlighting investor confidence in high-tech ventures and innovation.
The post SpaceX IPO prospectus reveals plans for $1.6T valuation by June 30 appeared first on Crypto Briefing.
SEC Chair Paul Atkins said he instructed the agency's staff to seek public input on prediction market ETFs.
Tesla's FSD launch in China highlights the growing challenge from local EV makers, emphasizing the need for innovation to maintain market share.
The post Tesla’s FSD launch in China intensifies competition with local EV makers appeared first on Crypto Briefing.
Global firms may increasingly adopt stringent data security measures for operations in China, impacting international business dynamics.
The post Morgan Stanley mandates separate phones for bankers on China trips appeared first on Crypto Briefing.
South Korea's 24-hour trading could boost its MSCI status, attracting significant foreign investment and enhancing market transparency.
The post South Korea to introduce 24-hour dollar-won trading from July 6 appeared first on Crypto Briefing.
The China-Russia agreements could accelerate global de-dollarization, prompting shifts in international trade dynamics and digital currency adoption.
The post Xi Jinping and Vladimir Putin sign over 40 trade and energy deals in Beijing, fueling de-dollarization push appeared first on Crypto Briefing.
Bitcoin price started a recovery wave above the $76,800 zone. BTC is consolidating and might aim for more gains if it clears the $78,300 resistance zone. Bitcoin managed to form a base above $76,000 and started a recovery wave. The price is trading above $77,200 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $77,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $79,000 zone. Bitcoin Price Eyes Fresh Upside Break Bitcoin price remained supported above the $76,000 zone. BTC formed a base and settled above $76,500 to start a recovery wave. There was a move above the $76,650 and $77,000 levels. The bulls were able to push the price above the 23.6% Fib retracement level of the downward move from the $82,017 swing high to the $76,020 low. Besides, there was a break above a bearish trend line with resistance at $77,200 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $77,500 and the 100 hourly simple moving average. If the price remains stable above $77,500, it could attempt a fresh increase. Immediate resistance is near the $78,300 level. The first key resistance is near the $79,000 level or the 50% Fib retracement level of the downward move from the $82,017 swing high to the $76,020 low. A close above the $79,000 resistance might send the price further higher. In the stated case, the price could rise and test the $80,500 resistance. Any more gains might send the price toward the $81,500 level. The next barrier for the bulls could be $82,000. Another Decline In BTC? If Bitcoin fails to rise above the $79,000 resistance zone, it could start another decline. Immediate support is near the $77,200 level. The first major support is near the $76,500 level. The next support is now near the $76,000 zone. Any more losses might send the price toward the $75,000 support in the near term. The main support now sits at $73,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $76,500, followed by $76,000. Major Resistance Levels – $78,300 and $79,000.
AI's rapid advancement could reshape job markets, prompting economic shifts and necessitating new workforce strategies to mitigate impacts.
The post One in five US jobs faces high risk of AI automation, OpenAI finds appeared first on Crypto Briefing.