Latest Crypto News & Market Updates

Bittensor (TAO) Price Analysis: Can the AI Narrative Drive the Next Breakout？

Bittensor ($TAO) is holding above the closely watched $200 support level as analysts assess whether the token can recover from recent losses. According to CoinMarketCap, $TAO traded at $212.57 at the time of writing, down 1.73% over the past 24 hours, while daily trading volume exceeded $106 million.　　$TAO reached nearly $767 earlier in the market cycle before falling sharply during the broader crypto market pullback. Even after that decline, the token has continued to draw attention because of its focus on decentralized artificial intelligence. Analysts now say the current price range could show whether buyers are ready to regain control or whether the recent downtrend will continue.　　Analysts Highlight Critical Support Zone　　Crypto analyst DonaX₿τ said $TAO remains in a broad Elliott Wave correction after its rally from about $29 to nearly $770. The analyst wrote, “Although I‘ve shifted my $TAO content to focus more on fundamentals rather than price action, I’m going to share my macro outlook.” DonaX₿τ said the current pullback likely represents Wave 4 and added that Wave 5 could reach around $1,500 or as high as $2,900 if market conditions become euphoric.　　Source: X　　The analyst also highlighted the $200-$220 range as an important support area where buyers have repeatedly

07-05Exchange

Important Ripple (XRP) Announcement for July 4: Details

As the worlds most powerful economy and the widely regarded leader of the free world celebrates its 250th Independence Day, various initiatives are emerging to contribute in some way, including one from Ripple.　　The company behind the popular $XRP altcoin announced that it has joined a nonprofit helping unemployed veterans to get high-quality jobs after their military service.　　The organization, called Call of Duty Endowment, said it has already funded over 165,000 veterans, but explained that there‘s still a high unemployment rate among the younger generation, which means that there’s “still more work to do.”　　It wants to find jobs for 200,000 veterans by 2030, and Ripple has joined the special initiative for the 250th birthday of the US, called Giving4th.　　The idea is to make Independence Day a national day of charitable giving. The company said it will match donations made to the Call of Duty Endowment of up to $10,000.　　People who want to participate can use cash, stock, or cryptocurrencies, including Ripples two native tokens, $XRP and RLUSD.　　Ripple is joining #Giving4th — @America250s new movement to make Independence Day a national day of charitable giving.　　Were matching donations to @CODE4Vets up to $10K. CODE funds the most effective organizations helping veterans get back

07-05Exchange

Bitcoin Recovers Above $62,000 – Why the $58K Support Turned Into a Buying Zone

Bitcoin has staged a solid recovery, climbing back above $62,000 after one of its sharpest pullbacks of the year. The move caps a two-week grind higher off the lows, and the standout feature on the chart is clear: the $58,000 level has now been defended twice, turning what looked like a breakdown risk into a well-defined buying zone.　　The recovery lines up with a broader shift in market structure. Buyers stepped in aggressively around $58K–$60K, recovery volume held up, and a short squeeze forced bearish positions to unwind — liquidating hundreds of millions in shorts across the market. Underneath it all sits a slow but real repositioning of flows as European traders migrate away from platforms exiting the EU toward fully regulated, MiCA-compliant venues.　　Why did Bitcoin recover above $62,000？　　The bounce was driven by a mix of macro relief and forced buying. A softer inflation message from the Fed eased fears of further hawkish policy, prompting a rotation back into risk assets. That macro spark hit a market that was heavily short after the June selloff, and the result was a classic short squeeze — bearish bets getting liquidated and adding fuel to the move up.　　But the more structural story is where

07-05Exchange

US Money Supply Hits Record $23 Trillion as Critics See a New Fed-Fueled Bubble

Inside the Federal Reserves Latest Numbers　　The Federal Reserves H.6 money stock release, published yesterday, put seasonally adjusted M2 at $23,052.3 billion for May, up from $22,804.5 billion in April (a one-month jump of $247.8 billion). M2 is the broadest commonly cited measure of U.S. money, covering cash, checking deposits, savings deposits and retail money market funds.　　The gauge has now risen every month this year, climbing from $22,429.3 billion in January, an expansion of roughly $623 billion in four months. For scale, that four-month increase alone approaches the annual economic output of a mid-sized European country.　　Chart showing US M2 money supply hitting a record $23.1 trillion, up $698.6 billion since January, per Fed data　　The milestone has sharpened a debate about what the growth means, given that the Mises Institute (an Austrian-economics think tank and longtime Fed critic) recently wrote that money-supply growth in 2026 has risen to a multi-year high as the central bank “pumps new QE,” a reference to quantitative easing (QE), which is the practice of expanding the Feds balance sheet by purchasing securities.　　The Fed itself publishes the figures without commentary, and mainstream economists note that money supply normally grows alongside the economy. M2 spent 2022 and 2023 contracting,

07-05Exchange

Coinbase Bitcoin Premium Hits Record 47-Day Negative Streak, Signaling Institutional Caution

The Coinbase Bitcoin Premium Index has remained negative for 47 consecutive days as of May 19, marking the longest such streak on record, according to data from Coinglass. The index measures the price difference between Bitcoin traded on Coinbase and the global average, serving as a key barometer for U.S. institutional investor sentiment and capital flows.　　What the Negative Premium Indicates　　A sustained negative reading suggests that selling pressure is relatively stronger on Coinbase compared to other global exchanges. This typically reflects a weakening appetite for risk assets among U.S. institutional investors, capital outflows from the market, or dampened sentiment. Historically, prolonged negative premiums have coincided with periods of institutional fund exits, often preceding short-term price corrections.　　Context and Market Implications　　The current streak surpasses previous records, indicating a prolonged period of caution among U.S.-based institutional players. While the index is not a definitive predictor of price movements, it provides a useful signal for market participants monitoring institutional behavior. The negative premium aligns with broader macroeconomic headwinds, including rising interest rates and regulatory uncertainty, which have weighed on risk assets globally.　　What This Means for Bitcoin Investors　　For retail investors and traders, the persistent negative premium serves as a reminder that institutional sentiment remains cautious. While

07-05Exchange

XRP Exchange Net Wallet Flows Flip Negative for First Time in a Year

$XRP activity on Binance recorded an important directional change in June, as wallet behavior moved more toward withdrawals.　　Specifically, the Binance exchanges 7-day net depositing and withdrawing wallet count fell from +26,200 on June 7 to -6,210 on June 30, according to on-chain data sourced by market resource CryptoQuant.　　For context, this represents a 32,410-wallet swing over 23 days, which pushes Binance from a period where deposits dominated into one where more wallets are taking $XRP off the exchange than sending it in.　　$XRP Exchange Net Wallets | CryptoQuant　　Notably, June 30 marks the first negative reading since July 9, 2025, when the figure only dropped to -1,350. The current level of -6,210 is about 4.6x deeper, indicating a much stronger move toward withdrawals than previously seen.　　Across other exchanges, withdrawals now appear to outweigh deposits as well, suggesting that fewer participants are moving $XRP onto trading platforms. However, Binance still stands out, as the platform remains the only major exchange with a deeply negative net-wallet reading.　　What the Data Can and Cannot Confirm　　Despite the shift in net wallet flow on Binance toward negative readings, the metric has its limits. It tracks the number of wallets moving $XRP, not the amount being transferred. As a result,

07-04Exchange

Tim Draper denies moving Bitcoin, reiterates $250,000 BTC prediction

Billionaire investor and longtime Bitcoin bull Tim Draper has denied moving his Bitcoin after blockchain analysts linked him to a large $BTC transfer to Coinbase Prime.　　“Havent touched my $BTC,” Draper told Cointelegraph on Friday, adding that he still expects Bitcoin to reach $250,000 within one year.　　The statement came after blockchain analytics platform Lookonchain reported Thursday that a wallet “possibly linked” to Draper had transferred 1,000 Bitcoin worth about $62 million to Coinbase Prime, citing data from Arkham.　　The case highlights both the growing role of blockchain analytics in tracking large crypto transfers and the challenges of independently confirming wallet ownership.　　Draper bought nearly 30,000 $BTC in 2014　　Draper is best known in the crypto community as one of Bitcoins earliest high-profile investors, having won a US Marshals Service auction for nearly 30,000 Bitcoin seized by US authorities from Silk Road-related holdings in 2014.　　According to Forbes, Draper paid about $18.7 million, or roughly $632 per Bitcoin, for the holdings, now worth about $1.9 billion.　　Arkham labels the wallet involved in the transfer as “Tim Draper？”, indicating a tentative attribution, but does not publicly explain the basis for the classification.　　Source: Arkham　　The wallets transaction history shows several interactions with Coinbase Prime over the past year, including a

07-04Exchange

Why Brazil's Central Bank Wants to Classify Stablecoins as Electronic Monetary Instruments

Central Bank of Brazil pushes for electronic money regulation for stablecoins　　The debate around stablecoins is taking shape in Brazil, and the central banks opinion offers an insight into what might happen and how these tools might be considered in upcoming regulation.　　In a recent hearing on Tuesday within the Congress Economic Development Committee, the central bank revealed its position, stressing that stablecoins should be considered electronic monetary instruments, a posture rejected by most of the crypto industry.　　Fábio Araújo, consultant for the Department of Regulation of the Financial System (Denor), which assesses the central bank on regulatory issues, argued that stablecoins are different from other assets, such as Bitcoin, and that their regulation should also differ.　　Araújo claimed that digital assets, including bitcoin and ether, constitute unique assets and offer mechanisms that guarantee scarcity, transferability, and verifiability by themselves.　　“With stablecoins, its different… a stablecoin should be considered a real-world asset and, more precisely, when it presents characteristics compatible with means of payment, it should be understood as a form of monetary instrument,”he stressed.　　While this opinion is not definitive or conclusive, it defines the central banks stance on the subject as Congress prepares to consider Bill 4308/2024, introduced in 2024 by Deputy Aureo Ribeiro

07-04Exchange

Coinbase CEO Says AI Has Turned Engineers Into “Super Builders” Shipping 10x More Code

Coinbase CEO Brian Armstrong says his company has become one of the most AI-enabled businesses in the world, and the results are showing up in how much product its engineers are shipping.　　“Were in the age of the super builder,” Armstrong said, describing how AI has transformed what individual engineers at Coinbase can accomplish. He added that the company is now shipping twice as much code overall, with some engineers becoming what he called ten-times contributors who teach best practices across teams.　　Reacting to the same, a user said that former Coinbase employees now working at other crypto companies have described Coinbase as being far ahead of everyone else when it comes to integrating AI into its engineering culture.　　Cutting AI Spend While Usage Grows　　Armstrong also shared how Coinbase has managed to nearly halve its AI spending even as token usage has grown exponentially. The approach comes down to three techniques rather than friction-based controls or budget alerts.　　The first is smarter model routing, which automatically directs each task to the cheapest model capable of completing it well. The second is aggressive caching, which eliminates redundant outputs when the same query appears repeatedly. The third is a deliberate shift toward cheaper open-weight models for

07-04Exchange

Australian Lawmaker, White House Official Report XRP Holdings in Financial Filings

$XRP has appeared in two separate political financial disclosures from Australia and the United States.　　Specifically, Australian federal lawmaker MP Sally Sitou and White House official Ian Kelley both reported holdings of the digital asset in their official filings. The disclosures have attracted attention in the crypto community. Interestingly, one filing lists $XRP as the only cryptocurrency owned by the official.　　Australian MP Lists $XRP as Only Crypto Holding　　Australian Labor MP Sally Sitou disclosed ownership of $XRP in the Australian Parliament‘s Register of Members’ Interests. The filing describes the asset as “Crypto currency (Ripple)” held through Australian exchange CoinSpot.　　The disclosure shows $XRP as Sitous only cryptocurrency investment. The filing does not list Bitcoin, Ethereum, or any other digital assets.　　Australian Labor MP Sally Sitous $XRP disclosure　　Sitou also reported investments in physical gold through ABC Bullion and a large portfolio of traditional stocks and exchange-traded funds. Her Australian holdings include companies such as:TelstraCochlearCommonwealth BankBHPFortescueAGL　　She also disclosed several Vanguard ETFs covering Australian, international, Asian, and high-growth markets. The filing further lists U.S. stocks, including AMD, Meta Platforms, Qualcomm, Costco Wholesale, General Electric, GE Vernova, and Aecom.　　White House Official Reports $XRP in Coinbase Wallet　　Separately, Ian Kelley, White House War Room Director and Special Assistant to the

07-04Exchange

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