XRP, HYPE funds are the bright spots as investors flee bitcoin, ether ETFs

XRP and Hyperliquids HYPE have emerged as notable bright spots amid record outflows from U.S. spot crypto exchange-traded funds (ETFs).  XRP-linked ETFs added $59.4 million in June, a third straight month of net inflows, albeit at a slower pace than during the previous two months, according to SoSoValue data. HYPE funds notched up $161 million in net inflows during the month.  In contrast, bitcoin ETFs suffered record outflows of more than $4 billion, ether (ETH) ETFs saw $528.99 million in outflows and solana (SOL) ETFs shed $786,000.  The positive flows into both XRP and HYPE funds signal potential for significant spot price appreciation, particularly if bitcoin and the broader market stabilize.  HYPE also has support at the fundamentals level. Its parent, the decentralized exchange Hyperliquid, generated just over $80 million in fees over the past 30 days, according to DefiLlama. This places it third among all protocols and behind only stablecoin giants Tether ($486.9 million) and Circle Internet ($184.07 million).  Speaking of potential for market stability, July offers hope. According to Alex Kuptsikevich, the chief market analyst at the FxPro, July tends to be a positive month for the largest cryptocurrency.

07-01انڈسٹری

Aave logs biggest network-growth day in nearly 5 years as DeFi interest returns

Several threads are feeding the attention. Aave is rolling out the Ethereum version of its V4 upgrade, a rebuild of how the protocol handles lending, and has seen active governance debate over borrowing limits alongside a growing focus on protocol revenue through a mechanism it calls Smart Value Recapture, which routes value back to the system.  Standard Chartered also published a long-term price outlook in June, forecasting a $3,500 level by 2030 if it capitalizes on the growing tokenized assets trend. The mix has drawn renewed notice to DeFi at a moment when most of the market has been falling.  “For price, this is the kind of signal traders usually want to see as July begins,” Santiment said. “New wallets showing up at this pace suggests interest is growing beneath the surface and supporting the price momentum.”  Whether that holds is the open question, as new wallets show attention, not commitment, and the number matters only if it converts into deposits, borrowing and the revenue that follows.  Meanwhile, AAVE faces headwinds in the near term amid a tepid crypto market. Bitcoin , the largest cryptocurrency, is stuck below $60,000 and most large tokens fell in the first half.  If the participation deepens into real usage,

07-01انڈسٹری

Bitcoin‘s 20% June crash looks even deadlier on the charts. Here’s why

SummaryBitcoin fell about 20% in June to below $60,000, marking its worst monthly performance since June 2022.The June monthly candle shows overwhelming bearish dominance, a rare occurrence on monthly charts and a strong warning of further losses ahead.The appearance of this candlestick pattern on the monthly chart signals decisively bearish sentiment, consistent with recent analysts predictions of a deeper slide and an eventual bottom in the $48,000 to $55,000 range.  Bitcoin fell by 20% to under $60,000 in June, its worst monthly performance since the same month in 2022. If that number alone isnt enough to worry bulls, the price chart, especially the monthly candlestick, could be.  The June candlestick, a charting tool summarizing entire months price action into a single visual, looks like a solid red brick with virtually no wicks, a clear sign of complete and “uninterrupted” bear dominance throughout the month.  For anyone tracking price charts, thats about as bearish a signal as can be and a warning that more losses could happen in the weeks ahead.  A candlestick captures four data points for any given period: where price opened, where it closed, how high it got, and how low it fell.  The candle body shows the open-to-close move. The wicks –

07-01انڈسٹری

CoinDesk Wins a Polk Award, One of Journalism's Top Prizes, for Explosive FTX Coverage

“This is an important milestone, not only for CoinDesk, but for crypto media generally,” said, CoinDesk‘s chief content officer. “Despite all that Ian and Tracy’s incredible reporting exposed – and the fallout that it triggered – the crypto industry will continue to have a significant impact on the world. Its vital that it be covered with the kind of probing, well-informed, professional journalism embodied by these two reporters and their attentive, dedicated editors.”  The industry-shaking Nov. 2 story from Allison, a senior reporter, resulted from a source‘s tip that Sam Bankman-Fried’s closely held trading firm, Alameda Research, was on shakier financial footing than was generally known. Allison got to work finding evidence and nailed it by obtaining the companys balance sheet, which was not a public document.  It showed that a significant portion of Alameda‘s billions of dollars in assets was secretly made up of FTT, a sort of digital Monopoly money issued by Bankman-Fried’s better-known FTX crypto exchange.  The resulting story raised concerns about the stability of Alameda and FTX, and called into question Bankman-Frieds image as a white knight capable of backstopping struggling companies and as an “adult in the room” in a field notorious for fly-by-night outfits and scammers. The

07-01انڈسٹری

EthLabs launches as Ethereum undergoes its biggest leadership transition in years

That transition has also reshaped the Ethereum Foundation itself.  Earlier this year, the foundation published a renewed mandate emphasizing Ethereums core values: including credible neutrality, self-sovereignty and open infrastructure, while reducing its involvement in some implementation-focused initiatives. Combined with ongoing budget constraints, the shift has resulted in restructuring across the organization.  Dietrichs views those changes less as a crisis than an overdue evolution. “Its more a transition period,” he said. “Ethereum is now much more intentionally, proactively reorienting itself to be ready for this new time period.”  Filling in the gaps  But as the turmoil started to unveil itself at the EF, many have started to wonder whether EthLabs would replace it. Dietrichs sees that rather than competing with the foundation, EthLabs intends to complement it. “Were deliberately positioning ourselves to fill the gaps that the Ethereum Foundation now deliberately leaves,” Dietrichs said. “Were not trying to create a competing vision for Ethereum.”  Those gaps, he argues, center on adoption-oriented engineering work, like improving Ethereums scalability, strengthening layer-1 performance, advancing interoperability, and identifying the technical barriers preventing broader institutional use.  “The gap we see is this more practical, adoption-oriented work, making Ethereum, practically useful for the real world,” he said. EthLabs plans to continue work its

07-01انڈسٹری

Citi slashes 12-month bitcoin, ether targets as ETF flows dry up

The downgrade marks a sharp reversal from Citis previous outlook, which assumed passage of U.S. digital asset market structure legislation would spur adoption among financial advisors and traditional investors. The bank now believes that timeline has slipped, leaving the market without a meaningful catalyst.  Saunders said ETF flows continue to be the main force behind crypto prices, with recent demand turning negative as investors pulled back from risk.  According to the banks analyst, sentiment has also been hurt by concerns that digital asset treasury (DAT) companies could become net sellers of bitcoin. Recent corporate actions by Strategy amplified those fears despite involving relatively modest BTC sales.  The report noted that bitcoin and ether both remain below key technical levels, including their 200-day moving averages, while speculative capital has shifted toward AI-related investments.  The banks revised forecasts assume flat ETF flows in its base case. In its bull case, stronger retail and institutional adoption lifts bitcoin to $108,000 and ether to $2,932. Its bear case, based on recessionary macro conditions and continued ETF outflows, sees BTC falling to $53,000 and ETH to $1,094.  While the banks equity strategists have become more constructive on U.S. stocks, providing some support through cryptos equity correlation, the report said that

07-01انڈسٹری

Anthropic restores AI models Fable, Mythos after the U.S. lifts export controls

SummaryAnthropic is restoring access to its Claude Fable 5 and Claude Mythos 5 AI models after U.S. export controls that forced a June suspension were lifted at the end of the month.Fable 5 is returning globally on July 1, while Mythos 5, a less restricted variant of the same underlying model, is being reintroduced only to approved U.S. organizations following government review.The episode, triggered by an Amazon-discovered jailbreak that let Fable 5 generate exploit code, has spurred closer collaboration between Anthropic and U.S. agencies on model testing, threat sharing and standards for rating jailbreak risks.  Anthropic is restoring access to its two most advanced AI models after the U.S. government lifted the export controls that forced it to pull them last month.  The controls on Claude Fable 5 and Claude Mythos 5 were removed on June 30, the company said. Fable 5 returns globally on July 1 across Anthropics platforms, while Mythos 5, which shares the same underlying model but carries fewer safety restrictions, is being restored to a set of U.S. organizations after government approval on June 26.  The freeze dated to June 12, when the government applied export controls, rules that limit which foreign nationals can access a technology, to both

07-01انڈسٹری

Bitcoin options traders load up on $50,000 puts and gold futures flash a death cross

SummaryBitcoin dipped to $57,700, its lowest since September 2024, before recovering to $58,800, with $395 million in liquidations recorded and bears remaining the more aggressive side despite open interest climbing to 768,000 BTC.Puts are trading at a premium to calls across all timeframes on Deribit, with a notable block trade targeting a $50,000 BTC put at the September expiry suggesting some traders expect a further 15% decline by end of Q3.Jupiter (JUP) rose 11.5% on a 55% surge in trading volume and a jump in TVL from 13.9 million to over 20 million SOL, while stellar (XLM) extended its weekly rally to 16%, keeping CoinMarketCaps altcoin season index sticky at 48/100.  Bitcoin rose 0.3% to $58,700 on Wednesday, showing a sliver of strength after spiking down to $57,700, the lowest point since September 2024, shortly after midnight UTC.  Ether (ETH) is at $1,580, having also experienced a slight relief bounce since 01:00 UTC.  U.S. equity index futures are lower since midnight UTC, with Ss hardly surprising given BTCs dip to lows under $58,000 early in the day.The real story is crude futures listed on crypto exchanges. They have seen liquidations worth $15 million, the fifth-largest tally among all tokens. The figure shows just

07-01انڈسٹری

‘We are bullish on Morpho’: Standard Chartered sees token at $60 by 2030, outperforming bitcoin and ether

Quick TakeStandard Chartered initiated coverage of Morpho on Wednesday with an end-2030 price forecast of $60, a growth rate it said would outperform both bitcoin and ether.The forecast assumes growth driven by Morpho Vaults and deeper TradFi integrations, with the protocol expected to scale alongside broader DeFi adoption through 2030.  Standard Chartered Bank initiated coverage of Morpho on Wednesday with a price target of $60 for the protocols native token by the end of 2030, citing growth driven by DeFi adoption and vault-based asset management infrastructure.  In a note to clients on Wednesday, the banks Global Head of Digital Assets Research, Geoff Kendrick, set a multi-year path for the token, forecasting MORPHO-USD at $3.50 in 2026, $11 in 2027, $22 in 2028, and $40 in 2029, before reaching $60 by end-2030.  The bank said the trajectory implies (MORPHO) would outperform both bitcoin and ether over the same period, based on relative return assumptions in its digital assets framework.  “We are bullish on the outlook for Morpho, the second-largest decentralised finance (DeFi) lending protocol after Aave,” Kendrick wrote in the note.  The forecast is anchored on Morphos lending markets and vault infrastructure, which Standard Chartered said positions the protocol to scale alongside its projection of a

07-01انڈسٹری

Bernstein sees 203% upside for Circle even as new stablecoin rival OUSD debuts

Quick TakeBernstein reaffirmed its Outperform rating on Circle with a $190 price target, implying 203% upside, even as CRCL stock closed down 17.5% on the Open USD announcement.Analysts noted that Coinbase‘s participation in the 140-company OUSD consortium “has raised eyebrows,” given Coinbase earns roughly half of USDC’s reserve income.  Bernstein reaffirmed its Outperform rating on Circle Internet Group and kept its $190 price target, implying 203% upside, a day after CRCL stock closed down 17.5% on the launch of Open USD, a stablecoin backed by more than 140 companies, including Visa, Stripe, Mastercard, BlackRock, and Coinbase.  According to a note on Wednesday, Bernstein also retained its Outperform rating and $330 price target on Coinbase.  What is Open USD  Open USD will be run by Open Standard, an independent company governed by a board of its own partners rather than by a single issuer.  Minting and redemption, two key ends of stablecoin infrastructure, are free with no issuance caps, and reserve earnings are shared across the partner network rather than retained by one company.  Zach Abrams, chief executive of Stripes stablecoin unit Bridge, was named founding CEO of Open Standard. Stripe said OUSD will become the default stablecoin for businesses on its platform, with a full launch

07-01انڈسٹری
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