Economist and trader Alex Kruger says crypto has largely failed as an asset class despite years of industry growth and blockchain adoption. His remarks come as Bitcoin trades near $67,000, almost 50% below its 2025 peak of $126,000.Meanwhile, approximately 15% to 25% of Bitcoin investors currently hold their assets at an unrealized loss. Why Crypto …
Investors who stay patient through the current pullback could be among the biggest winners when market sentiment eventually turns — at least according to one analyst who has been tracking XRP closely through this period of weakness. Related Reading: XRP Is The Clear Winner For Transactions, According To Peter Brandt A Floor That Holds XRP is not expected to collapse below $1, based on the analyst’s reading of current market conditions. The token has been trading near the bottom of its recent range, weighed down by a broader crypto selloff that has pushed Bitcoin below key support levels and rattled confidence across the market. The analyst, speaking in a video report, pointed to the $1.20 area as a likely floor before any meaningful recovery begins. That level, in his view, represents the kind of final washout that has historically preceded major rallies — a pattern he says is playing out again now. Geopolitics Behind The Pressure Much of the near-term risk, according to the analyst, comes not from crypto fundamentals but from the Middle East. Escalating tensions in the region have raised fears of a major crude oil supply disruption, with reports pointing to declining oil inventories, drawdowns in Japan’s strategic petroleum reserves, and renewed conflict between Iran and Israel. Idle vessels in the Gulf are reportedly dealing with operational issues that could slow energy transportation further. Even if a peace deal materializes, supply chains may take months to fully recover, the analyst warned. That overhang, he argues, keeps the door open for another round of selling across risk assets — crypto included. Stocks Are Flashing Yellow Traditional markets are not giving investors much comfort either. The US bond market has remained stuck in a prolonged drawdown, and while the S&P 500 has pushed to fresh highs, those gains are concentrated in a small number of companies. Market breadth is thin, and valuations are at historic extremes. The analyst’s advice: skip the overheated equity trade and pay attention to assets that have already gone through serious corrections. Related Reading: Ethereum Signals Strength As Citigroup Eyes $5.5 Trillion Tokenized Asset Boom A Bull Run Delayed, Not Denied XRP’s long-term case remains intact, the analyst said, with a major rally expected later in 2026. He plans to keep buying on weakness and views the current climate — heavy selling, widespread fear — as exactly the kind of setup that precedes outsized gains. Even large institutional buyers have been unable to stop prices from sliding, reports note. But the analyst sees that as a feature, not a flaw, in a market that tends to reward those who hold through the hard stretches. Featured image from Pexels, chart from TradingView
Binance is closing its centralized NFT service on July 3, 2026, requiring users to withdraw transferable NFTs or lose access.
Bitcoin's drop to $65,000 triggered over $1.8 billion in crypto liquidations as traders brace for a test of $60,000 as support.
The recovery does little to mask a 9.5% weekly decline as U.S. stocks hit records highs, AI tokens rally and Coinbase's Ethena deal steals the spotlight.
One expert said the issue was mainly with block explorers tracking the onchain activity.
The FCA said unauthorized firms could be breaching rules on financial promotions through high-profile sponsorships deals.
Bitcoin sparked two-month lows in the Crypto Fear & Greed Index while analysis predicted a "catch-up" with record highs in stocks.
ONDO price surged nearly 17% today despite a broader crypto market crash, quickly emerging as one of the top-performing altcoins during a risk-off session. While Bitcoin price hovers near $66,000 and Ethereum remains under pressure around $1,840, Ondo Finance is attracting strong buying momentum fueled by the upcoming Ondo Perps launch, growing real-world asset (RWA) …
The flaw affects only one of the wallet's multiple security layers and would require physical access, specialized equipment and advanced expertise to exploit.
CoinShares has laid out a five-year valuation framework for Ethereum that puts ETH at $14,135 by 2031 in its bull case, arguing that the asset’s long-term value now depends less on base-layer fees and more on its role as money, collateral and settlement infrastructure across the Ethereum economy. How High And Low Could Ethereum Go By 2031? The report, written by Luke Nolan, CoinShares’ senior research associate for Ethereum, frames ETH through a sum-of-parts model combining a cash-flow valuation, a monetary premium valuation and an additional network/speculative overlay. The headline outputs are wide: a bear case of roughly $1,443 by 2031, a base case of $4,935 and a bull case of $14,135, implying annualized returns of -9%, 16% and 43%, respectively, from current spot levels. Ethereum is getting harder to value. After Dencun, fees collapsed, but network usage kept growing. Our latest research by Luke Nolan (@eazygambit) introduces a 5-year sum-of-parts framework for ETH, combining cash flows, monetary premium, and network effects. Base case: ~$4,935… pic.twitter.com/dd938gknAR — CoinShares (@CoinSharesCo) June 2, 2026 The central premise is that Ethereum has become harder to value after Dencun. CoinShares notes that the upgrade moved execution activity away from the base layer and toward layer-2 networks, pushing user costs down and throughput higher, but also sharply reducing the fee revenue that had previously supported ETH’s “ultrasound money” narrative. Weekly fees that peaked above $200 million in early 2024 now run closer to $10 million, even as monthly active users have roughly doubled over the same period. “Ether is not a tech stock and it is not digital gold,” the report states. “It is the native asset of a permissionless platform on which builders can deploy essentially anything, drawing on decentralised security, leading liquidity, and global access. Within that ecosystem, ether also functions as money and as collateral.” Related Reading: Ethereum Coinbase Premium Hits Lowest Level Since February – Traders Are Watching That distinction drives the structure of the model. CoinShares’ first framework treats Ethereum like a business selling blockspace, projecting fee revenue across DEX trading, stablecoin transfers, DeFi activity, blob transactions, ETH transfers, real-world asset settlement, staking operations and a residual “other” category. In that framework, the contribution to ETH’s 2031 price is modest: $25 in the bear case, $385 in the base case and $2,055 in the bull case. Ethereum’s Future Depends On A Monetary Premium The second framework carries much more weight. It treats ETH as the monetary and collateral base of the Ethereum ecosystem, modeling demand from staking, DeFi collateral, layer-2 reserves, ETF inflows, corporate treasury allocations and store-of-value buying. CoinShares says this component produces a 2031 price contribution of $1,774 in the bear case, $3,960 in the base case and $10,065 in the bull case. Across the report, the bull case is deliberately demanding. It assumes Ethereum’s structural demand sources compound at elevated levels, rather than merely stabilize. CoinShares models fee revenue reaching $5.7 billion by 2031, supported by DEX volumes growing at a 25% CAGR and Ethereum L1 market share expanding to 35%. Stablecoin supply, in this scenario, reaches $2.8 trillion at a 50% CAGR, while tokenized real-world assets scale to $420 billion on Ethereum specifically. ETF flows are also a major variable. In the bull case, CoinShares assumes annual ETF flows reach $40 billion by 2031, while corporate buying rises to $25 billion and store-of-value demand grows meaningfully as the asset class matures. A 3x regime multiplier is then applied to buying pressure, reflecting a market environment with fewer willing sellers and stronger price discovery. Related Reading: The Last Time Ethereum Did This Against Bitcoin, It Exploded Above $4,000 “The bull case requires the six demand catalysts identified in section 4 to compound at high levels, with Ethereum increasing its market share over time as opposed to maintaining it,” CoinShares wrote. “One might consider this scenario an ‘everything has worked out perfectly and more’ scenario.” The base case is more restrained, but still constructive. It assumes Ethereum remains the dominant smart contract blockchain, DEX volumes grow at a 17% CAGR, L1 DEX share holds at 20%, stablecoin supply on Ethereum reaches around $450 billion by 2031 and DeFi TVL compounds at 25%. That path gives ETH a $4,935 implied price by 2031, or roughly 110% upside over five years. CoinShares says the greatest probability lies somewhere between the base and bull cases. The report argues Ethereum does not need to win every category to clear the base-case target, but it does need to hold DEX share, maintain its stablecoin position, deliver scaling upgrades such as Glamsterdam, and see ETH ETF flows improve toward bitcoin-adjusted levels. The key risk is that Ethereum’s post-Dencun economics remain unresolved. CoinShares explicitly flags weak fee revenue, uncertain blob mechanics, competitive pressure from alternative layer-1s, regulatory friction, monetary policy changes and delayed scaling milestones as variables that could force the model to be revisited. At press time, ETH traded at $1,870. Featured image created with DALL.E, chart from TradingView.com
Bitcoin’s aggressive break below $70,000 has shifted the market from a debate over dip-buying to a more defensive question of how far traders now need to insure against the next leg lower. Data from CryptoSlate showed that the largest cryptocurrency fell to as low as $65,404 over the past day, triggering $1.8 billion in liquidations […]
The post Bitcoin’s plunge to $65,000 has traders paying to protect against a fall to $50,000 appeared first on CryptoSlate.
The FCA instructed clubs to ensure they understand the source of sponsorship funds and assess financial crime and reputational risks.
Iranian drones hit Kuwait airport as US-Iran clashes escalate. Crude oil all-time high by December at 28% YES, September at 23.5% YES.
The post Iranian drones strike Kuwait airport as US-Iran clashes escalate in Persian Gulf appeared first on Crypto Briefing.
The AI crypto narrative is gaining momentum once again, with tokens such as Near Protocol (NEAR), Internet Computer (ICP), and Render (RENDER) emerging among the market’s strongest performers. NEAR has climbed more than 10% over the past 24 hours to trade near $2.89, while trading volume has nearly doubled since the start of the month, …
Lenders are particularly interested in blockchain's back-office applications, but security failures are blocking wider adoption.
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.