Latest Crypto News & Market Updates

Hyperliquid‘s ’structural advantages will help HYPE rocket to $319 by 2028 – Multicoin Capital

Multicoin Capital, a crypto-focused venture firm, projects that Hyperliquids $HYPE could hit $319 by 2028. At the press time value of $63, that would imply over 5x upside potential, based on revenue-earning potential.　　At ~$63, $HYPE trades at roughly 36x TTM earnings, or approximately 30x earnings. Under our valuation frameworks and base case assumptions discussed in the full report, we project ~$8 billion in annual earnings by 2028, implying a price of ~$319 at a 20x multiple.　　According to the VC firm, Hyperliquid will “continue to meaningfully compound growth” as it expands beyond perpetual offerings (perps) to its ‘unified everything exchange’ vision.　　For the unfamiliar, Hyperliquid is an L1 chain and a decentralized exchange designed for high-speed trading. Initially, it began with crypto perps but has expanded into RWA (real-world tokenization), prediction markets, and options trading.　　Multicoin noted that Hyperliquid [$HYPE] users tripled, from over 300K to nearly 1 million, in 2025. The trading volumes jumped to $2.9T, allowing the DEX to capture $873M in revenue.　　The record traction lifted its DeFi perps dominance to nearly 60%. And it has been taking significant market share from centralized exchanges like Binance.　　For the VC firm, Hyperliquid‘s traction mirrored Binance’s early days, but with more catalysts.　　Hyperliquid is following

06-27Exchange

How Are BlackRock And Fidelity Taking Different Paths Into Crypto？

BlackRock and Fidelity are both major players in the crypto market, but they are not building the same thing. BlackRock is using its scale to push blockchain into the infrastructure of traditional finance, primarily through tokenized products and its dominant Bitcoin ETF.　　Fidelity is taking a more vertically integrated route, building its own custody, trading, and stablecoin systems in-house. Both firms are serious about digital assets. They just disagree on how to get there.　　How Big Are These Two Players In Crypto Right Now？　　The numbers tell the first part of the story. BlackRocks iShares Bitcoin Trust (IBIT) held approximately 764,395 Bitcoin as of June 19, 2026, valued at roughly $45-47 billion at current Bitcoin prices, making it the largest Bitcoin ETF in the world and accounting for approximately 61% of all US spot Bitcoin ETF assets. Fidelitys competing product, the Fidelity Wise Origin Bitcoin Fund (FBTC), holds approximately 185,798 BTC worth around $11.2 billion, placing it second in the category.　　Together, IBIT and FBTC command approximately 75-76% of all spot Bitcoin ETF assets in the United States, leaving eleven other funds to compete for the rest. Both funds charge an identical 0.25% expense ratio and track Bitcoin with near-identical returns. The key differences

06-27Exchange

Brian Armstrong supports GOP at fundraising dinner with JD Vance

Recently, United States Vice President JD Vance reportedly joined a dinner with donors, including Brian Armstrong, as part of his efforts to fundraise for the Republican Party.　　The dinner was held at the home of All-In podcast host Chamath Palihapitiya and included approximately two dozen donors, including Lip-Bu Tan, the chief executive of Intel.　　This fundraising dinner reportedly raised approximately $4.2 million, with Axios reporting that donors each paid $250,000.　　Chamath Palihapitiya fires two besties at Social Capital　　Vance is the Republican National Committee (RNC) finance chair, a role that is allowing him opportunities to get face time with donors before a likely 2028 presidential campaign.　　Armstrong has become an increasingly important political donor, contributing to the cryptocurrency-related Super PACs as well as contributing to a variety of different political candidates.　　Armstrong has also met repeatedly with President Donald Trump.　　Coinbase: Politics for me, but not for thee　　This aggressive move into politics from Armstrong comes after the infamous Coinbase blog post; Coinbase is a mission focused company.　　This blog post/manifesto made it clear that Coinbase should not “advocate for any particular causes or candidates internally that are unrelated to our mission.”　　It further added internal company policies to limit workplace communication about politics, limiting speech that would “debate causes

06-27Exchange

Hyperliquid price analysis: Can HYPE reclaim $70 after pullback？

Hyperliquid traded near $63 on June 26 after pulling back from its all-time high of $76.70 earlier this month.　　According to crypto.news data, the token is down over the past week, but it still holds a large gain over the past year.　　The latest Hyperliquid price data shows $HYPE trading between $59.48 and $65.17 over the past 24 hours. The token holds a top-10 market rank, with a market cap above $14b and fully diluted value above $60b.　　$HYPEs recent move looks like a consolidation phase after a sharp rally from the low $30s in March. Price has cooled near $63, but the $60 area remains the main short-term support zone.　　A clean break below $60 would put the next support area near $55-$58 back in focus. A move above $65 would show early strength, while a close above $70 would give bulls a stronger case for a retest of the recent high.　　Hyperliquid whales keep buying during pullback　　Whale activity remains one of the stronger parts of the $HYPE setup. According to Lookonchain, a newly created wallet withdrew 222,493 $HYPE, worth about $14.41m, from Coinbase Prime. Another whale received 44,986 $HYPE, worth about $2.87m, from FalconX.　　6 hours ago, #SharpLink received 5,000 $ETH($7.85M) from #FalconX.#SharpLink now

06-27Exchange

Ripple is quietly becoming a bank. What that means for XRP holders

A conditional national trust bank charter, a pending Federal Reserve master account, and a string of acquisitions in brokerage, payments, and treasury. Ripple is assembling a full regulated-finance stack. The benefits flow first to its stablecoin and the company itself. What is left for $XRP is the question.　　Ripple is turning itself into a bank, or something very close to one, and it is doing it methodically.　　Over the past year the company won conditional federal approval to operate a national trust bank, applied for a Federal Reserve master account that would give it direct access to the central banks payment systems, and bought its way into prime brokerage, payments, and corporate treasury services through a series of acquisitions.　　Add the dollar stablecoin it already issues, the 70-plus regulatory licenses it holds around the world, and a fresh European license that lets it passport services across 30 countries, and the picture is unmistakable.　　A company once known mainly for a cross-border payments network and a controversial token is assembling the full apparatus of a regulated financial institution.　　For $XRP holders, who have watched the token grind sideways near a dollar through a year of Ripple triumphs, the natural question is what all of this means

06-27Exchange

Bitcoin Price Analysis: Is Another Leg Lower Coming After the $58K Drop？

Bitcoin remains under pressure despite another strong reaction from the $58K to $60K demand zone. Although buyers once again stepped in after sweeping the recent lows, the recovery has so far been limited, with the price continuing to trade below key resistance levels.　　Bitcoin Price Analysis: The Daily Chart　　On the daily timeframe, Bitcoin continues to trade below both the 100-day moving average around $72K and the 200-day moving average near $76K, keeping the broader market structure bearish.　　The most recent development is another successful defense of the $59K to $60K support zone. The asset briefly swept below the previous swing low before rebounding back into the range, suggesting that liquidity beneath support has been collected for now.　　However, despite the bounce, Bitcoin remains trapped beneath the first supply zone between $65K and $68K. As long as this area caps the recovery, buyers remain on the defensive and the broader downtrend stays intact.　　The recent liquidity sweep has improved the short-term picture, but Bitcoin still needs to reclaim the $65K to $68K resistance region to confirm that a more meaningful recovery is underway.　　BTC/USDT 4-Hour Chart　　The 4-hour chart shows that Bitcoin initially broke below the major support around $59K before quickly reversing higher, forming what appears

06-27Exchange

India Crypto Regulation: July 2 Parliamentary Meeting Could Bring New Crypto Rules

Indias Parliamentary Standing Committee on Finance is set to hold a crucial meeting on July 2 to discuss the future of Crypto Regulation in the country. The committee is chaired by BJP MP Bhartruhari Mahtab. It has summoned representatives from the Reserve Bank of India (RBI) and the Institute of Chartered Accountants of India (ICAI) for discussions on “A Study on Virtual Digital Assets (VDAs) and Way Forward.”　　According to the official schedule, the RBI will appear before the panel from 11:00 AM to 12:30 PM. Then, ICAI will appear from 12:30 PM to 1:30 PM at Parliament House Annexe in New Delhi.　　Why the July 2 Meeting Matters for Crypto India　　This marks a major milestone in Parliament‘s ongoing review of India’s crypto ecosystem. Over the past seven sittings, lawmakers have already heard from major exchanges and government agencies. These include Binance, Coinbase, CoinDCX, CoinSwitch, WazirX, the Financial Intelligence Unit (FIU-IND), CBDT, IFSCA and the Ministry of Corporate Affairs.　　However, this will be the first time the RBI directly presents its views before the committee.　　The central bank has consistently maintained a cautious stance on cryptocurrencies, warning about risks to financial stability and opposing formal crypto legalization. Committee chairman Mahtab previously revealed that the

06-27Exchange

Old Ether wallets move 37,806 ETH as whale conviction faces key test at $1.5K

Eight-year-old Ether ($ETH) wallets have started moving coins for the first time since 2017, adding fresh supply to the market as Ether trades just above $1,500. Onchain data shows 37,806 $ETH from long-dormant addresses became active, while separate whale transactions point to continued accumulation by other large investors.　　The mixed positioning comes as total long-term $ETH whale profitability has fallen below zero for the first time since 2019, leaving every major whale cohort sitting on unrealized losses.　　$ETH whale traders are split between accumulation and distribution　　According to Lookonchain, four Ethereum wallets that received 37,602 $ETH nearly eight years ago at an average price of around $830 became active after years of dormancy. The wallets held through the 2021 and 2025 bull markets, when their unrealized gains exceeded $150 million, sold 33,623 $ETH for about $52.5 million at around $1,560 on Thursday. The realized profit now stands near $27.4 million.　　OG $ETH wallets holding period. Source: Lookonchain/X　　Fresh $ETH selling has appeared alongside continued buying from other large holders. Blockchain tracker Lookonchain reported that one whale swapped 464 $BTC worth $27.6 million for 17,750 $ETH, signaling capital rotation into Ether.　　Meanwhile, investor Chun Wang also acquired another 9,937 $ETH and 147 wrapped Bitcoin. Over the past

06-27Exchange

‘Halt is not okay’ – All about Base and its consensus problem

Base, a Coinbase-incubated Ethereum Layer 2 (L2) chain, has been unable to accept deposits or withdrawals for nearly 48 hours.　　On the 25th of June, the L2 said that it ran into a consensus issue that caused an invalid block to be sequenced. The statement was given on 25th June, 17:21 UTC. The problem was isolated and debugged, and the team soon announced that broader recovery was underway.　　However, as of 26th June, 10:36 UTC, the issue had not been fully resolved. In fact, the chains status indicated that the mainnet block product was “unhealthy.”　　Apart from the block production, deposits and withdrawals were also affected for the second day. Notably, withdrawals were only partially degraded, but deposits were facing a “major outage.”　　Source: Base Status　　For his part, Jesse Pollak, co-founder of Base, assured users that funds were safe and that they were working on a full post-mortem.　　He added that halting the chain to remedy the issue was undesirable and would act as a challenge to do better in the future.　　All funds are/were safe. But a halt is not okay, and well use this to continue to level up Base as a platform for global, 24/7 finance. Thank you for your patience.　　Bases bet on

06-27Exchange

Binance is locked out of Europe on July 1. Here is what actually happened

The world‘s largest crypto exchange will suspend services for European Union users from July 1 after failing to secure a license under Europe’s new crypto rules. The headlines say Binance is leaving Europe. The reality is more precise, and more revealing: it was locked out, and the reason was not its paperwork but its past.　　On June 24, an email from Binance landed in the inboxes of millions of European users, and within hours, it had set off a wave of alarm across the continent‘s crypto community. The message was blunt: starting July 1, the world’s largest cryptocurrency exchange would suspend much of its service for anyone residing in the European Union. The headlines that followed were predictably dramatic, declaring that Binance was shutting down in Europe, abandoning the region, or being expelled from the bloc.　　The reality is both narrower and more revealing than any of those framings. Binance is not collapsing, it is not seizing anyone‘s money, and it is not, in its own telling, permanently leaving Europe. What actually happened is that Binance failed to obtain the license it needed under the European Union’s new crypto regulation before a hard deadline, and as a result, it is being locked

06-27Exchange

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