Latest Crypto News & Market Updates

Trump team courts police groups as CLARITY Act vote nears

The Trump administration has convened roughly 20 lawmakers, congressional staff members, and law enforcement representatives at the White House as Senate leaders work toward a possible floor vote on the CLARITY Act before the August recess.　　According to journalist Eleanor Terrett, the meeting took place on Wednesday at the Eisenhower Executive Office Building and was hosted by Trump crypto adviser Patrick Witt alongside the White House Crypto Council.　　????NEW: Some color on Wednesdays meeting between law enforcement groups, administration officials and Congressional members and staff on the Clarity Act:　　???? The meeting was hosted by @patrickjwitt and the White House Crypto Council in the Eisenhower Executive Office Building.…　　— Eleanor Terrett (@EleanorTerrett) June 11, 2026　　Among those attending were House Majority Whip Tom Emmer and White House AI and crypto czar David Sacks, who delivered opening remarks before leaving the session.　　Terrett reported that discussions focused heavily on the Blockchain Regulatory Certainty Act (BRCA), a provision contained within the broader CLARITY Act that seeks to provide legal protections for certain blockchain developers and infrastructure providers.　　Representatives from several law enforcement organizations also attended the meeting, including the Fraternal Order of Police, the National Association of Police Organizations, the International Association of Chiefs of Police, the National District

06-12Exchange

Solana – Why SOL could fall to $50 after breaking THIS key support

Solana remained under pressure despite posting a 2.65% daily gain. Ongoing geopolitical tensions, a key technical breakdown, and fresh token unstaking activity continued to weigh on sentiment.　　At press time, $SOL traded at $65.40, up 2.65% over the past 24 hours. Trading Volume also climbed 25% to $2.98 billion, reflecting renewed market activity.　　Could Solana fall another 22%？　　Despite the rebound, $SOLs daily chart continued to flash bearish signals.　　The altcoin recently broke below the multi-year support level at $76.25. The current recovery appeared to be a relief bounce rather than a trend reversal.　　Source: TradingView　　Based on current price action, $SOL could decline toward $50 if it remains below $76.25. That would represent a further 22% drop from current levels.　　However, a sustained move back above $76.25 could invalidate this bearish outlook.　　Technical indicators also supported the downtrend. The Average Directional Index (ADX) climbed to 46, signaling that a strong trend remained in place.　　That left investors watching on-chain activity for additional clues.　　Why are investors watching FTX again？　　According to Lookonchain, the defunct FTX and Alameda Research unstaked 200,241 $SOL worth $12.99 million. The move was likely tied to ongoing creditor repayments.　　Historically, FTX-related $SOL unstaking events have often been followed by token distributions, increasing supply in the market.　　On top

06-12Exchange

Chainlink‘s support holds despite sell-off concerns: Is LINK’s breakout still possible？

The U.S. government reignited market attention after transferring 98,590 $LINK, valued at roughly $768,000, to Coinbase Prime from wallets tied to seized FTX Alameda assets.　　The transaction raised concerns about potential distribution since Coinbase Prime frequently serves institutional selling activity.　　Although the amount represented only a small fraction of $LINKs circulating supply, government-linked movements historically influenced sentiment across digital asset markets.　　Bulls refuse to back down　　Despite renewed concerns surrounding potential sell-side activity, Binance traders maintained a strongly bullish stance toward $LINK.　　Binances Top Trader Long/Short Ratio reached 2.61, while 72.31% of accounts remained positioned on the long side compared to only 27.69% holding short exposure.　　This imbalance showed traders continued betting on recovery rather than preparing for an extended decline.　　Interestingly, bullish positioning persisted even after weeks of price weakness, suggesting confidence in higher levels remained intact.　　Nevertheless, heavily crowded long positioning often increases market sensitivity to volatility if support levels fail.　　For now, traders appeared willing to absorb negative headlines and continued favoring upside exposure, indicating sentiment remained stronger than recent price performance suggested.　　Source: CoinGlass$LINK eyes range recovery as RSI improves　　At the time of writing, Chainlink [$LINK] traded around $7.78 after rebounding from the June low near $7.34, where buyers stepped in and halted the latest decline.　　The

06-12Exchange

Agentic payments surge to the highest level in 3 months

Agentic payments, autonomous transactions made by AI agents, have surged to a three-month high this week.　　These payments, largely processed by x402, a Coinbase-incubated payment standard now governed under the Linux Foundation, recorded 672,800 transactions on the Base network on June 10, according to data from Artemis, analyzed by Finbold on June 11.　　Agentic transactions for 3 months. Source: Artemis　　The x402 activity surged by roughly 321% over the past three months, from 159,600 transactions on March 13 to 672,800 payments on June 10, 2026. After a long period of dormancy, the agentic payments gained traction in early June.　　The uptick coincided with Travalas early June launch of the Travala Travel MCP, an agentic booking protocol built on Base. The protocol lets AI agents search, reserve, and settle hotel stays autonomously across 2.2 million properties, settling in $USDC ($USDC) for as little as $0.01 per booking.　　Furthermore, the average agentic transaction size recently dropped to a 3-month low of about $0.11 on x402 and $0.09 on Machine Payments Protocol, a payment standard developed by Stripe and Paradigms Tempo blockchain.　　Average transaction size for agentic payments. Source: ArtemisWhats next for agentic payments？　　Agentic payments have gained traction, catalyzed by the mainstream adoption of Artificial Intelligence (AI). A recent

06-12Exchange

Coinbase eyes World Cup boost as prediction markets surge: Bernstein

The 2026 FIFA World Cup could mark a breakout moment for prediction markets, with Coinbase emerging as one of the biggest winners, according to a new research report from Bernstein.　　Published Thursday, the Bernstein analysts estimate the expanded tournament will generate more than $3 billion in incremental sports betting handle and $5 billion to $10 billion in additional consumer prediction market volume, as 104 matches transform what is typically the slowest period for online sports betting.　　FIFA expects the month-long tournament to attract roughly 6 billion viewers worldwide, up from an estimated 5 billion during the 2022 World Cup in Qatar. Matches are scheduled to start today.　　Bernstein said Coinbase has established itself as a major player in the sector, surpassing $100 million in annualized prediction market revenue in March, just months after launching the product.　　As Cointelegraph reported, the crypto exchange rolled out prediction markets nationwide through a partnership with Kalshi, allowing users in all 50 US states to trade event contracts tied to sports, politics, culture and other real-world outcomes.　　Robinhood is also expected to benefit from the tournament. Bernstein noted that the brokerage is using the event to launch Rothera, its own US Commodity Futures Trading Commission (CFTC)-licensed exchange and clearinghouse for

06-12Exchange

MassPay taps Coinbase to expand stablecoin payouts

Cross-border payout platform MassPay and Coinbase announced a partnership on Thursday to offer stablecoin cross-border payouts.　　The partnership connects MassPays network in 180 countries with the US-based exchanges crypto infrastructure, allowing customers to move between fiat, $USDC and other digital assets, the companies said in a joint statement shared with Cointelegraph.　　MassPay CEO Ran Grushkowsky told Cointelegraph that stablecoins are still a small slice of the companys transaction volume. Still, the company expects the new rails to support nine-figure payouts in the first year.　　He added that clients using the system have seen costs fall by about 40% to 70% versus international wires, while settlement is near instant instead of taking days on traditional payment rails.　　MassPay and Coinbase partner on stablecoin cross-border payments. Source: MassPay　　The partnership adds to a broader trend of established payments and financial infrastructure providers embracing stablecoins.　　Stripe and Circle, for example, have also moved to expand stablecoin-based infrastructure for cross-border payments.　　MassPay deepens stablecoin payout push　　Under the partnership, Coinbase provides wallet infrastructure, custody and onchain settlement, while MassPay orchestrates last-mile payouts over bank transfer, mobile wallet and digital asset channels.　　The companies split compliance responsibilities, with Coinbase providing regulated custodial infrastructure and licensing, while MassPay handles know-your-customer checks, sanctions screening and tax

06-12Exchange

PYTH jumps 14% as Pyth Network launches 24/7 market indices

$PYTH is one of the best performers in the market, up 14% in the last 24 hours.　　The positive performance comes after Pyth Network unveiled Pyth Indices, a 24/7 market data platform designed to price virtually any asset in real time.　　The technical indicators are also in the positive zone, suggesting that $PYTH could extend its rally in the near term.　　Pyth Network launches Pyth Indices　　Pyth Network announced on Wednesday that it has launched Pyth Indices, a 24/7 market data platform designed to price virtually any asset in real time—starting with proprietary indices across US equities, oil, metals, and thematic baskets co-developed with MarketVector Indexes, a VanEck company.　　Pyth Indices will go live with several major partners integrating the new pricing infrastructure into their trading ecosystems.　　According to Pyth, Coinbase is using Pyth and MarketVectors framework to launch thematic equity index futures, including AI10, Defense10, China10, and Tech100.　　Kraken is integrating Pyth Indices to support continuous derivatives pricing, including new oil perpetual contracts.　　Finally, dYdX and Nado are using the Pyth 24/7 Oil Index as a pricing benchmark for perpetual contracts, providing a multi-source reference price instead of relying solely on exchange order books.　　For multi-asset basket indices, Pyth is partnering with MarketVector Indexes, a VanEck company and

06-12Exchange

Crypto ‘super-apps’ could funnel $2T into global stock markets by 2031 – Binance

Binances tokenized stock trading is currently being dominated by emerging markets. According to a recent Binance Research report, 93% of the trading volumes come from emerging markets, flashing similarity to the global stablecoin adoption pattern.　　Source: Binance Research　　Tokenized stocks and ETFs allow native crypto users to trade U.S equity markets via blockchain rails. While investors rights vary based on the issuer of the particular tokenized stock offering, they seem to be closing the gap in participation in the global equity market.　　According to the Binance Research report, the U.S equity market is about $80 trillion, and about half of the total global market capitalization. However, 82% of the worlds population lacks access to the largest equity market on earth.　　In fact, China and India, which control a third of the current global population, have a less than 20% participation rate.　　Source: Binance Research　　Binances report also found that crypto platforms have eliminated brokerage barriers that had previously limited participation in the U.S equity market.　　This draws a striking comparison to stablecoin adoption, which exploded in emerging markets due to demand for the U.S dollar to hedge against local currency devaluations and volatility.　　Now, ‘crypto super-apps’ allow users to consolidate their crypto, equities, and cash management in one

06-11Exchange

Bitcoin price confirms rounding top breakdown, risks drop below $50K

Bitcoin has confirmed a major rounding top breakdown after losing the $65,000 support zone, with technical indicators and derivatives positioning pointing to a possible decline toward the mid-$40,000 range.　　According to data from crypto.news, Bitcoin ($BTC) price traded near $62,900 on June 11 after recovering from a sharp selloff that briefly pushed the asset below $61,000 earlier in the week.　　Market sentiment remains fragile as investors continue digesting persistent spot ETF outflows, geopolitical tensions in the Middle East, and growing concerns that capital is rotating into high-profile technology opportunities instead of crypto assets.　　SoSoValue data shows that the U.S. spot Bitcoin ETFs recorded another $213.8 million in net outflows on June 10, extending the current losing streak to four consecutive sessions.　　The withdrawals followed a modest $3 million inflow on June 4, which briefly interrupted a 13-day outflow streak that saw $4.33 billion leave Bitcoin investment products. The prolonged selling pressure has removed one of the markets strongest sources of demand during the recent correction.　　Institutional sentiment has also weakened on spot exchanges. Earlier this month, the Coinbase Premium Index dropped into negative territory, showing that U.S.-based investors were selling Bitcoin more aggressively than traders on offshore venues. At the same time, derivatives markets experienced

06-11Exchange

Solana price could revisit June lows as recovery runs out of steam

Solana price has failed to build momentum after rebounding from last weeks lows, with technical and on-chain signals pointing to lingering downside risks.　　According tot data from crypto.news, Solana ($SOL) fell from around $80 on June 1 to a multi-month low near $61 on June 6 as aggressive whale selling and a wave of derivatives liquidations swept through the crypto market. Buyers stepped in after the selloff and pushed $SOL back toward $67 by June 9, but the recovery stalled before reaching the psychologically important $70 level.　　Since then, the token has failed to establish a stronger uptrend, with price action on the four-hour chart showing signs of a bearish flag formation after the initial rebound.　　Staking decline and whale activity raise fresh concerns　　The weakness follows one of Solanas sharpest corrections of the year. During the June 1-6 decline, more than $1.5 billion worth of leveraged long positions were liquidated across the crypto market, according to liquidation data, while $SOL emerged among the hardest-hit large-cap cryptocurrencies.　　Institutional activity added to the pressure. Blockchain tracking data showed several large transfers to centralized exchanges during the selloff, including a 455,784 $SOL transfer worth roughly $31.9 million from Forward Industries to Coinbase Prime. Such movements are often

06-11Exchange

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