Ondo Finance shifts 150mln tokens – Heres why traders are watching!

Ondo [$ONDO] continued trading inside a descending channel after its failed breakout near $0.39.  Since then, the altcoin has printed lower lows, falling to $0.3107. Even so, the Ondo Finance team carried out another monthly token transfer, drawing fresh attention from traders.  Why are traders watching these transfers?  According to Arkham data, the teams multisig wallet transferred 150 million $ONDO tokens to a new address. The transfer was valued at $49.56 million.  Source: Arkham  Previous transfers followed a similar pattern. Once moved, the tokens eventually landed on Coinbase.  Over recent weeks, the team has also deposited large $ONDO batches into exchanges. A week ago, for example, the teams wallet deposited 46.06 million tokens worth $16.78 million.  Those deposits came from an earlier transfer. As a result, traders may view the latest movement as a sign of possible future exchange inflows.  If these tokens reach exchanges while the altcoin remains weak, the added supply could weigh on price action.  Are investors still buying $ONDO?  Even so, demand has remained relatively strong. On the Spot market, $ONDO recorded negative Netflows over the past seven days.  Source: CoinGlass  More than $80 million worth of $ONDO flowed out of exchanges during this period. Although inflows also reached $80 million, outflows slightly exceeded them. This resulted in

06-23Exchange

My Wallet Multichain Wallet Hits 11 Chains — 9M Users, No Migration

What started as a single-chain wallet for The Open Network in 2022 has quietly become one of the more ambitious multichain experiments in self-custodial crypto. My Wallet— formerly known as MyTonWallet — has rebranded and expanded its My Wallet multichain walletplatform to cover 11 separate blockchains, bringing over 9 million existing users along for the ride without requiring a single migration step.  Key takeawaysMyTonWallet rebranded to My Wallet and now supports 11 blockchains: TON, TRON, Solana, Ethereum, Base, $BNB Chain, Polygon, Arbitrum, Monad, Avalanche, and Hyperliquid — with Bitcoin planned next.Over 9 million users across mobile, desktop, web, and Telegram Mini App are already on the platform with no migration required.Gasless transfers are live on TON and Solana, where the fee is covered by the token being sent rather than a separate gas token.A native AI Agent lets users send, swap, stake, and query portfolio data using plain-language commands.My Wallet ranks No. 7 on CertiKs Wallet Security Leaderboardand maintains a $100K bug bounty with no critical vulnerabilities reported since March 2024.  From TON-Only to 11 Blockchains  The rebrand from MyTonWallet to My Wallet reflects a structural shift in what the product actually is. The original wallet launched on The Open Network in 2022

06-23Exchange

Arcium Price Prediction: ARX Doubles in Hours as Upbit Listing Goes Live Today

Arcium trades at $0.4162 on June 23, a day after its token generation event sent $ARX from an opening range near $0.40 to a high of $0.4869 before sellers pulled it back, as South Koreas largest exchange Upbit prepares to list the token across three trading pairs today.  $ARX 5-Minute Chart: Violent Launch-Day Price Discovery  $ARX 5-Minute Price Action (Source: TradingView)  The chart shows the kind of volatility typical of a fresh token generation event. $ARX opened in the $0.26 to $0.30 range in early trading, spiked toward $0.38, pulled back to retest $0.27, then broke decisively higher overnight, jumping from $0.32 to nearly $0.49 in a single sharp move before settling into the $0.41 to $0.46 range.  The horizontal level near $0.415 has acted as a pivot point multiple times in the past few hours, both as support during the breakout and as a floor during the current pullback from the $0.4869 high. With no historical chart structure to reference beyond hours of trading, this pivot zone is the only technical level with any real significance right now.Resistance: $0.4649 (all-time high), $0.4800 (recent local high)Support: $0.4150 (intraday pivot), $0.40 (psychological level)  Why $ARX Launched With This Much Volatility  Arciums TGE concluded June 22 at 13:05

06-23Exchange

Cboe eyes perpetual futures conversion for Bitcoin and Ether contracts

Chicago Board Options Exchange (Cboe) may be considering a possible transition from Bitcoin and Ether continuous futures into perpetual type of instruments. This transition would bring a crypto-native derivatives design further into regulated U.S. markets and would result in growing competition between exchanges that target a perpetual market worth $61.7 trillion in annual trade volume.  This idea was disclosed by Nate Geraci, president of ETF Store, on X on June 23 as another proof of traditional exchanges adopting market structures initially established by offshore cryptocurrency platforms. Currently, Cboe is offering Bitcoin Continuous Futures (PBT) and Ether Continuous Futures (PET), both being cash-settled derivatives designed to provide long-dated exposure with daily cash settlement replicating a rolling futures mechanism.  Cboes continuous futures  In 2022, Cboe entered regulated, CFTC-underwritten crypto derivative markets with continuous contracts for Bitcoin (PBT) and Ether (PET) – offering a cash-settled approach to trading perpetual contracts on a day-and-night basis. While conventional futures traders are obliged to shift positions to the following delivery dates to maintain exposure to their underlying asset, PBT and PET settle daily to spot crypto indices and roll automatically.  Cboe considering converting its btc & eth continuous futures into perpetual futures…  Entrenched tradfi incumbents are now continually forced to react

06-23Exchange

What are crypto on-ramps and off-ramps? A 2026 guide

An on-ramp turns regular money into crypto. An off-ramp turns crypto back into spendable cash. They are the doors between the banking system and the blockchain, and they are quietly the hardest, most expensive part of the whole journey.  Table of ContentsThe simple definitionsWhy ramps are the hardest part of cryptoHow an on-ramp works, step by stepHow an off-ramp works, step by stepThe main types of providerWhat ramps really costThe pitfalls and scams to avoidA worked example of buying and cashing outCustody, compliance, and how to chooseFrequently asked questions  Every crypto journey starts and ends in regular money. You begin with dollars or euros in a bank account, and at some point you want to turn them into crypto. Later you want to turn crypto back into money you can spend. The tools that do this are on-ramps and off-ramps, and despite sounding like minor plumbing, they are where most of the friction, cost, and risk of using crypto actually lives.  An on-ramp moves value from the traditional financial system into crypto. An off-ramp moves it the other way. By 2026 a competitive industry of providers had grown up around these two functions, from major exchanges to embedded widgets inside wallets and apps.

06-23Exchange

New Ethlabs initiative launches as Ethereum Foundation cuts 20% of staff

A new Ethereum-focused research and development organization has launched, backed by Ethereum co-founder Joseph Lubin, Bitmine, SharpLink, and more than 50 prominent contributors across the ecosystem.  This comes as the Ethereum Foundation completes a major organizational overhaul and workforce reduction.  Called Ethlabs, the non-profit R&D lab says its mission is to help make Ethereum “the settlement layer of the global economy” through protocol research, infrastructure development, and adoption-focused initiatives.  The launch was one day before the Ethereum Foundation announced a sweeping restructuring that includes the departure of roughly 20%of its workforce. EF says its part of a broader effort to focus resources on core strategic priorities.  Ethlabs positions itself as independent Ethereum R&D hub  In its launch announcement, Ethlabs described itself as an independent organization focused on bridging protocol development with real-world adoption.  The group said it plans to work with users, applications, wallets, Layer 2 networks, infrastructure providers, institutions, ETH holders, core developers, and researchers, translating ecosystem needs into protocol improvements, shared standards, infrastructure, and products.  The initiative has attracted support from a broad cross-section of the Ethereum ecosystem. Backers and contributors include representatives from Uniswap, Base, Optimism, Eigen Labs, Flashbots, Polygon, Coinbase, Nethermind, ENS, L2Beat, and several members of the Ethereum Foundation.  Ethlabs describes this approach

06-23Exchange

Ripple MiCA Approval Boosts RLUSD, Leaves XRP at $1.10 Support

Ripple has secured preliminary Crypto Asset Service Provider approval from the Luxembourg CSSF under the EUs MiCA regulation, and $XRP dropped 3% on the news. The token is trading at $1.10, down 5% over 24 hours, with the crypto market providing no cover.  The regulatory milestone is real, but was, sadly, not an $XRP catalyst. Ripple framed the approval entirely around $RLUSD and Ripple Payments infrastructure, with $XRP appearing only as something that “underpins” those solutions, a footnote in Ripple‘s own announcement about its own network’s native token.  Xrp ($XRP)  24h7d30d1yAll time  The CASP green light enables regulated crypto-asset services across all 30 countries of the European Economic Area. It does not create a direct demand mechanism for $XRP.  Discover: The Best Token Presales  Ripple MiCA Win Is Infrastructure Plumbing, Not an $XRP Demand Catalyst  The CSSFs green light is a “Green Light Letter,” preliminary approval that remains subject to final conditions before full MiCA compliance is conferred. Ripple said that upon full approval, the CASP license, combined with its existing EU Electronic Money Institution (EMI) license, also issued out of Luxembourg, would make it fully MiCA-compliant.  What the approval actually covers is Ripple Payments and $RLUSD distribution infrastructure. The commercial pitch is that European banks, fintechs, and

06-23Exchange

Analyst Flags $49.56M ONDO Transfer from Team Wallet as Potential Sell-Off

An on-chain analyst has flagged a significant transfer of 150 million $ONDO tokens, worth approximately $49.56 million, from an Ondo Finance team multisig address to an anonymous wallet. The transaction, which occurred roughly eight hours ago, has raised concerns about a potential sell-off.  Recurring Large Transfers from Team Wallet  According to on-chain analyst ai_9684xtpa, the receiving address has been a regular recipient of large $ONDO transfers on a monthly basis. Since April 22, the address has accumulated a total of 425 million $ONDO, valued at around $147 million at current market prices. The analyst noted that funds from two previous large transfers were subsequently deposited to Coinbase in multiple transactions, suggesting a pattern of eventual exchange deposits.  Uncertainty Surrounding Latest Transfer  While the purpose of this latest transfer remains unconfirmed, the historical pattern of subsequent deposits to Coinbase has led to speculation that the team may be preparing to sell a portion of its holdings. The analyst emphasized that the destination and intent of the funds have not been verified, and the transfer could serve other purposes such as treasury management or operational funding.  Market Implications for $ONDO  Large transfers from project team wallets often attract market attention, as they can precede sell-offs that pressure token

06-23Exchange

BitGo to Offer Institutional DeFi Vaults, Morpho First Partner

US-based BitGo, a crypto custody and infrastructure provider, unveiled plans for a decentralized finance (DeFi) vault product with Paris-based Morpho as its first partner, to meet institutional demand for access to onchain lending and yield strategies while providing regulated custody and oversight.  When clients deposit into the vault, their funds are deployed to a third-party onchain strategy, a 22 Jun statement said. BitGo Bank s national trust bank chartered by the US Office of the Comptroller of the Currency (OCC), holds a receipt token recording each clients claim. External infrastructure providers and independent risk managers will execute the strategies and set the risk parameters, with BitGo serving as the custodian of record.  Morpho Labs, which develops the protocol, will provide the underlying vault architecture, lending infrastructure and onchain execution systems that tap into increasing institutional interest in yield and lending opportunities onchain.  Custody layer addresses concerns  However, institutions have held back from DeFi amid worries about regulatory compliance with custody and asset controls. The new service adds a custody layer to users assets to address those concerns.  “We believe institutions are looking for ways to access onchain opportunities but also expect the security and oversight that come with institutional custody,” said Mike Belshe, CEO and

06-23Exchange

Ark Invest buys $32.5M in SpaceX shares amidst post IPO selloff

Cathie Woods Ark Invest has added nearly $32.5 million worth of SpaceX shares to four of its exchange-traded funds after the stock fell more than 16% from its recent highs.  Ark Invest‘s daily trading disclosure for Monday showed the firm purchased 210,121 shares of SpaceX ticker SPCX across its ARK Innovation ETF (ARKK), ARK Autonomous Technology & Robotics ETF (ARKQ), ARK Next Generation Internet ETF (ARKW), and ARK Space Exploration & Innovation ETF (ARKX). Based on SpaceX’s closing price of $154.60, the purchases were worth about $32.48 million.  Here is every move Cathie Wood and Ark Invest made in the stock market today 6/22  SpaceX shares closed down 16.43% on Monday. The stock reached an intraday peak of $225.64 on June 16 after debuting on Nasdaq at $150 per share on June 12. By Mondays close, most of those gains had disappeared, with the stock trading near $154.60, based on Yahoo Finance market data.  Ark‘s latest holdings disclosure placed SpaceX among the firm’s largest positions. The stock accounted for 4.46% of ARKK, representing about $313.7 million in assets. SpaceX ranked as the fourth-largest holding in ARKQ, the largest holding in ARKX, and the tenth-largest holding in ARKW.  Ark adds to existing SpaceX position  The latest purchase

06-23Exchange
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