XRP price holds $1.10 as ETF inflows rise, but can bulls reclaim $1.13?

$XRP, the token associated with Ripple and the $XRP Ledger, traded near $1.12 on June 11 after holding the $1.10 support area during a volatile session.  According to crypto.news market data, the token gained 0.72% over 24 hours, but it remained down 4.47% over seven days and 23.86% over the past month.  The current setup shows a cautious recovery. $XRP-linked investment products continue to attract inflows, futures trading has increased, and analysts are pointing to early rebound signals. Still, $XRP remains below major recovery levels and continues to lag stronger parts of the crypto market.  $XRP holds $1.10 after late-session volume surge  $XRPs 24-hour trading range stood between $1.09 and $1.13, with volume around $1.94 billion. Its market capitalization was near $69.2 billion, keeping the token ranked sixth by market value.  The price action shows that buyers defended the $1.10 area after last weeks sharp decline. That zone now acts as the main short-term support because it sits close to the latest breakdown low.  $XRP briefly pushed above $1.12 after stronger late-session volume. The move followed earlier trading near $1.11, where buyers tried to rebuild a base after recent selling pressure.  However, the rebound still looks limited. The $1.12-$1.13 area remains the first resistance zone, while $1.1352

06-11

TradFi advisors want stablecoins, tokenization over Bitcoin: Bitwise

Advisors to some of the largest financial institutions are taking more of an interest in stablecoins and tokenization than in Bitcoin, which could help pull crypto out of its current slump, said Bitwise investment chief Matt Hougan.  Hougan said in a note on Wednesday that he recently spoke with more than 40 advisors who were “still interested in crypto” but are “more interested today in stablecoins and tokenization than they are in Bitcoin.”  “It was pretty hard to engage with advisors on Bitcoin this week,” he said. “In call after call, they expressed much more curiosity over the real-world applications of crypto that are quickly reshaping everything from capital markets to global payments.”  Stablecoins and tokenization have recently captured the interest of Wall Street, as Bitcoin (BTC) has struggled to maintain momentum, trading down almost 30% so far this year to $62,500.  Stablecoin issuer Circle saw a buzzy initial public offering in June 2025, with its stock quickly rallying to a peak of $240 from its debut price of $31. It has since struggled amid a wider rout in crypto stocks, closing at just under $79 on Wednesday.  Tokenization is also set for a boost as the US Securities and Exchange Commission is reportedly planning

06-11

Has Bitcoin found its price bottom? KEY indicator says not yet

Bitcoin [$BTC] could trend even lower as market dynamics keep the asset locked in a range between $59,000 and $63,000.  Momentum behind any rebound remains weak, and fresh data tied to global market liquidity warns that Bitcoin may slip further before it carves out a bottom and stages a strong bullish recovery.  Bitcoin-to-global M2 ratio points to more downside  Data from Alphractal shows that the Global Money Supply (M2) can serve as a useful indicator for tracking $BTCs tops and bottoms through their ratio.  M2 tracks the money supply and near‑cash assets that can be quickly converted into cash. The M2 ratio serves as a proxy for whether Bitcoin is overvalued at market tops or undervalued at market bottoms, with chart color gradients highlighting those zones.  Source: Alphractal  At the time of reporting, the ratio sat at 0.94%, representing Bitcoins market cap as a share of the global M2 supply. Although that reading is relatively low, the analysis suggests it may need to fall further into the blue region, the zone that has often marked the bottom, before global liquidity eventually rotates into risk assets.  For context, when Bitcoins market‑cap‑to‑global‑M2 ratio reached 2%, it marked the overheated zone on the chart, triggering the broader decline.  Five weeks of

06-11

Teen crypto scammer stole $13M to splurge on private jets, Lambo

A Canadian teen stole more than $13 million in crypto through social engineering scams to pay for an “exotic lifestyle” in Miami and Los Angeles, including buying luxury cars, jewelry and taking private jet trips, US prosecutors say.  In May, US prosecutors charged then-19-year-old Trenton Richard Johnston for a scheme in which he and co-conspirators impersonated Google, Trezor and other crypto firm employees to gain access to victims crypto.  On Tuesday, Johnston, now 20, pleaded guilty to conspiracy to commit money laundering, avoiding further charges that could have resulted in a maximum sentence of up to 40 years in prison.  Trenton Richard Johnstons mugshot. Source: Miami-Dade County  Social engineering attacks, where scammers portray themselves as trusted entities or people to trick victims, have become widespread in crypto, as artificial intelligence tools have boosted the capabilities of attackers to impersonate others.  “This case shows that some of the biggest crypto thefts today are not driven by sophisticated code exploits, but by basic human manipulation,” Cyvers CEO and co-founder Deddy Lavid told Cointelegraph.  “Crypto makes this especially dangerous because transactions are fast and largely irreversible,” he added.  “The attacker only needs to win the victims trust once, for a few minutes, and the loss can be permanent.”  According to court

06-11

Ethereum – How a $28.6M ETH buy has put Fidelity back in the spotlight!

Ethereum [$ETH] ETFs are grabbing attention again, and Fidelity is at the center of it all. Institutions are slowly coming around to $ETH again. Hence, the question – Are they confident enough to keep buying?  Fidelity ETFs strongest buying spree since April  According to wallet flows from Arkham Intelligence, Fidelitys ETF clients have bought $28.6 million worth of $ETH so far this week. That makes it the strongest week of buying for Fidelitys $ETH ETF in the past two months – The biggest since late April.  Source: Arkham  This is not a small one-off transfer either. In fact, theres been repeated $ETH movements linked to Fidelity FETH ETF inflows, with large transfers coming through familiar market and custody routes like Coinbase and Wintermute.  Source: Arkham  Institutional appetite is perhaps returning, but will it be strong enough to continue?  $ETH inflows return after May  This fits into the greater tide. Total net inflows for Ethereum ETFs were at $41.52 million at press time, after several red weeks through May. While it doesn‘t negate the earlier outflows, it’s definitely proof of recovery.  Source: SoSoValue  The other important detail is scale. Total net assets were still at $9.13 billion, even with $ETH at about $1,657. Put simply, the ETF market around Ethereum still

06-11

Blockchain.com launches SpaceX-linked perpetual amid pre-IPO trading boom

Blockchain.com has launched 24/7 perpetual trading for institutional clients through its OTC desk, offering around-the-clock exposure to stocks, equity indices, commodities, foreign exchange markets and pre-IPO companies.  The rollout includes a SpaceX-linked perpetual contract, allowing eligible investors to take positions tied to the aerospace companys anticipated public listing. According to the company, the contract is already live through its OTC desk.  Blockchain.com said the new service is intended for institutions seeking continuous market access outside traditional trading hours. The company said clients can use the platform to hedge or adjust positions across multiple asset classes, including on weekends when most traditional markets are closed.  The firm cited use cases including options desks managing exposure, macro funds trading across asset classes and investors seeking exposure to anticipated public listings.  Blockchain.coms announcement tweet Tuesday to its 1.3 million followers.  Source: Blockchain.com on X.com  The move follows Blockchain.coms April launch of perpetual futures trading through its self-custody wallet. At the time, the company said it planned to expand beyond crypto markets into stocks, commodities and foreign exchange.  In May, Blockchain.com confidentially filed paperwork with the US Securities and Exchange Commission for its own proposed initial public offering.  Pre-IPO trading emerges as a new crypto battleground  Bloomberg reported in April that SpaceX had

06-11

Wall Street is buying DeFi tokens again, even as everyone worries the code is unsafe

The total value locked (TVL) on DeFi fell from $172 billion to $148 billion as the sector logged $635 million in exploit losses across April alone. Coinbase Ventures bought Ethenas $ENA token on the open market, Janus Henderson took its own strategic $ENA position, and Morpho closed a $175 million round structured entirely around the $MORPHO token.  Apollo separately secured rights to acquire up to 90 million $MORPHO tokens over 48 months.  The bet these investors are making is that governance tokens attached to DeFi protocols with real institutional distribution will rerate as financial infrastructure, and that the security panic accelerates that outcome by flushing weaker protocols out of the running.  A timeline graphic contrasting DeFis $635 million in April 2026 exploit losses and falling TVL against four major institutional token purchases made in June 2026.The infrastructure bet  Morpho reports $11 billion-plus in deposits and counts Bitwise, Galaxy, Anchorage Digital, Coinbase, Kraken, and Binance among its institutional users.  Apollos token acquisition agreement was capped at 90 million $MORPHO over 48 months with transfer and trading restrictions, structured through open-market purchases, OTC transactions, or other contractual arrangements.  Fortune reported the $175 million raise valued the protocol at up to $2 billion, a figure derived entirely from the

06-11

Cryptos killer app may be selling stocks after its own tokens failed retail

A Delphi Consulting analysis of 652 CEX listings from January 2025 onward found that a user buying every new token across Binance, Bybit, Coinbase, Gate.io, and Kraken would have kept roughly 50 cents on the dollar.  The win rate across all listings was 12%, 52% of tokens lost more than 80%, and the median return was -82%. Tokenized stocks appear to be the answer that exchanges are giving to failing token launches.  Delphi Consultings analysis of 652 token listings across five major exchanges from January 2025 through May 2026 found a 12% win rate and a median return of -82%.  Kraken now offers more than 100 tokenized stocks and ETFs through its xStocks product, with 24/5 trading, $1 minimums, and self-custody support.  Robinhood EU lists more than 2,000 Stock Tokens linked to Nvidia, Microsoft, Apple, and the Vanguard Ss $2 trillion base case and $5 trillion bull case describe capital flowing through crypto infrastructure without necessarily creating demand for crypto-native tokens, which depend on separate design choices that exchanges have not yet committed to.

06-11

Circle Stock Drops to $81 as Visa and Mastercard Back Rival Stablecoin

Circle Stock (CRCL) trades around $81, deep below all major moving averages. Momentum indicators point south. A structural breakdown predates recent competitive headlines. A new rival stablecoin platform backed by Visa, Mastercard, and Stripe intensifies selling pressure on an already-broken chart.  CRCL — daily chart with candlesticks, EMA20/EMA50 and volume.Circle Stock (CRCL) Technical Structure: Distribution DeepensDaily Moving Averages Confirm Sustained Selling Pressure  Circle Stock closed at $81.10on June 9. Price sits well beneath the EMA20 at $99.54, the EMA50 at $101.99, and the EMA200 at $97.60. This full stack of declining averages above price signals sustained distribution. The Bollinger Band midline at $105.43 confirms how extended the downside move has become. Currently, price presses against the lower band at $78.06. That offers near-term support context, but no reversal signal yet.  Momentum Indicators Show No Stabilization  Daily RSI at 34.31approaches oversold territory but has not crossed below 30. Oversold readings near that threshold can precede technical bounces. However, in genuinely weak trends, RSI can remain depressed for extended periods without meaningful recovery. The MACD tells a more urgent story. The MACD line sits at -6.43, well below the signal at -2.67. The histogram deepens at -3.76. No bullish divergence or momentum stabilization is visible at

06-11

Robinhood secures underwriter status as crypto markets front-run mega IPOs

Robinhood Securities says it has secured approval to act as an IPO underwriter, moving from a distribution role into the main underwriting group alongside Wall Street banks.  Chief executive Vlad Tenev said in a Tuesday X post that Robinhood Securities is “now approved to serve as an underwriter,” without specifying which regulator granted the approval, a process that typically involves oversight from the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).  Framing the move as the “natural next step” after launching IPO Access in 2021, Tenev said the question in equity capital markets had shifted from “why allocate to retail at all?” to “how big can the allocation be?”  Robinhood secures underwriter status. Source: Vlad Tenev  His comments land as SpaceX reportedly considers making as much as 30% of its record-setting offering available to retail investors and as demand already runs at close to four times the planned size.  Crypto rails race for SpaceX  Robinhoods push to sell IPO shares directly to app-based traders comes as crypto platforms race to build parallel rails around the same listings.  Major exchanges have begun offering alternative access to private markets through tokenized pre-IPO products, including Bybit‘s xStocks, Kraken’s pre-IPO equity tokens and Coinbases secondary markets.  On the

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