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99Bitcoins
3w
402
Spokane City, Washington, Bans Crypto ATMs Following a Surge in Crypto Crimes
- Authorities in Spokane City, Washington, have imposed a ban on crypto ATMs due to a surge in crypto crimes.
- The Spokane City Council unanimously voted to remove all crypto ATMs from the city within the next 60 days.
- The decision to ban crypto ATMs was driven by an increase in scams targeting residents of Spokane.
- Council members introduced an ordinance titled 'Virtual Currency Kiosk Prohibition for a Safer Spokane' to address rising crypto crimes.
- The Spokane Police Department will ensure compliance with the ban and monitor its impact on scam-related crime rates.
- Operators failing to remove the kiosks within 60 days may face penalties, including license revocation.
- Spokane currently has over 40 crypto ATMs, as per data from Coin ATM Radar.
- Scammers impersonated law enforcement officers to coerce victims of crypto fraud related to these kiosks.
- The FBI reported over 11,000 cases of ATM crypto crimes in the US in 2024, with victims primarily being over 60 years old.
- States like North Dakota and Nebraska are implementing regulations to combat crypto kiosk-related scams.
- North Dakota's House Bill 1447 proposes a $2000 daily transaction cap and mandatory use of blockchain analytics by ATM operators.
- Nebraska's Controllable Electronic Record Fraud Prevention Act enforces licensing for ATM operators and provides full refunds to fraud victims.
- Authorities aim to protect vulnerable residents from cryptocurrency scams through the ban on crypto ATMs.
- The ongoing trend of banning crypto kiosks in various US states reflects the increasing severity of crypto-related crimes.
- The ban in Spokane is the city's effort to safeguard residents from exploitation by scammers through crypto ATMs.
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Coindoo
3w
291
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Which Crypto Exchange Leads in Proof-of-Reserves Transparency?
- Binance leads in Proof-of-Reserves (PoR) transparency among major crypto exchanges by maintaining a Reserve Ratio above 100% and releasing monthly reports on schedule.
- OKX follows closely behind Binance with a similar commitment to transparency and timely disclosures.
- Bybit ranks third with reserve ratios between 105% and 115% and has increased reporting frequency to monthly.
- Kraken maintains full reserves but lacks frequent PoR reports, which analysts suggest are necessary to bolster user and institutional confidence.
- Coinbase faces criticism for zero transparency as it has not published any PoR reports despite being a major U.S.-based crypto exchange.
- CryptoQuant's analysis highlights Binance and OKX as leaders in transparency, with Bybit and Kraken showing improvements needed. Coinbase's lack of disclosure raises concerns.
- Binance sets an industry benchmark by consistently exceeding the 100% reserve ratio threshold.
- OKX ranks second in transparency, with slightly lower but still above 100% Reserve Ratios.
- Bybit improves by increasing reporting frequency to monthly, positioning itself as a more transparent platform.
- Kraken, despite maintaining full reserves, lacks regular PoR reports, impacting its transparency.
- Coinbase's absence of PoR reports raises doubts about its transparency and accountability.
- Industry-wide standards need to be enhanced for better transparency and user trust.
- Binance and OKX are at the forefront of transparency and accountability in the crypto exchange industry.
- Bybit and Kraken are making progress, but more improvements are needed to enhance transparency.
- Coinbase's lack of PoR reporting is a significant concern, indicating the necessity for increased industry standards.
- Binance and OKX top the ranking for their transparency in PoR, while Bybit and Kraken are on the right track but need further improvements. Coinbase's lack of transparency is a notable red flag.
- CryptoQuant emphasizes the importance of transparency and timely reporting among crypto exchanges to improve industry standards.
- Cryptocurrencies and exchanges are being evaluated for their Proof-of-Reserves transparency, with Binance leading the way and Coinbase facing scrutiny for zero transparency.
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TronWeekly
3w
181
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Whale Ethereum Wallets Push Holdings Past 14.3M in a Week
- Ethereum whales added over 871,000 ETH to their wallets in one day, the largest single-day net inflow in 2025.
- Top wallets holding ETH now exceed 14.3 million, hitting a record high.
- Whale purchases and trades remain high despite the fall in ETH price.
- Whales holding between 1,000 and 10,000 ETH have been accumulating over 800,000 ETH daily in the past week.
- This constant buying spree contributed to the total holdings of whales surpassing 14.3 million ETH.
- The recent surge in whale activity is reminiscent of the aggressive buying seen in 2017, during the major bull market year for crypto.
- Whales' confidence is growing despite the current ETH price dip.
- Their aggressive purchases signal confidence in Ethereum's future and can potentially impact the market.
- As large holders move ETH to long-term wallets, it reduces circulating supply, potentially leading to price increases if demand rises.
- Despite the drop in ETH value to $2,519.35, representing a 5.04% decline, trading volume has increased by 36.45% to $29.67 billion.
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TronWeekly
3w
110
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Solana at $148: Bullish Momentum Could Lead to $204.31 Breakout Soon
- Solana is testing critical Fibonacci levels suggesting a potential price reversal at key support zones.
- A falling wedge pattern signals bullish momentum with breakout targets at $204.31, $229.01, and $258.45.
- RSI at 43.17 indicates neutral sentiment while MACD shows bearish momentum; watch for breakout confirmation.
- Solana is within strong Fibonacci support levels, potentially leading to a market price reversal.
- Bullish momentum is indicated by a falling wedge pattern, suggesting an upcoming breakout.
- Analyst predicts breakout targets at $204.31, $229.01, and $258.45 if existing resistance levels are overcome.
- RSI at 43.17 reflects neutral market sentiment, indicating a period of consolidation.
- MACD shows bearish momentum with the potential for a trend reversal if Fibonacci support levels are breached.
- Solana's price movement is currently at critical Fibonacci levels with opportunities for an upward trend.
- RSI neutrality and bearish MACD momentum are countered by the potential bullish reversal shown by the falling wedge pattern and strong support levels.
- Market watchers should monitor for breakout confirmation in the $128 to $140 range with targets at $204.31, $229.01, and $258.45.
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TronWeekly
3w
20
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2,700+ XRP Whale Wallets Signal Breakout: Ripple’s New Patent Adds Firepower
- Over 2,700 XRP wallets now hold 1M+ tokens, a historic milestone signaling increased confidence and accumulation within the XRP ecosystem.
- Ripple has patented a system to manage price slippage using a 'client pool,' ensuring value stability during cross-border transactions.
- XRP price faces resistance at $2.25 with support levels at $2.01, $1.90, and $1.55, indicating a crucial test ahead for the cryptocurrency.
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99Bitcoins
3w
137
Did Aave and CoinDesk Change the DeFi And Stablecoin Game with CDOR?
- Aave and CoinDesk launched CDOR, an onchain benchmark for stablecoin interest rates using Aave data, potentially redefining DeFi.
- The US is moving to support stablecoins backed by Treasuries, with the potential passage of the GENIUS Act, gaining bipartisan support.
- The stablecoin market is growing rapidly, with a total market cap exceeding $261 billion as of June 18.
- USDT and USDC are the largest stablecoins by market cap, with USDT leading by over $155 billion.
- Algorithmic stablecoins like USDS and delta-neutral USDE are also gaining popularity among investors.
- CDOR, launched by Aave and CoinDesk Indices, is the first on-chain benchmark interest rate for stablecoins, beginning with USDT and USDC.
- CDOR aims to provide transparent overnight interest rates for DeFi, enhancing market efficiency and enabling new use cases.
- CDOR reflects a similar function to traditional finance benchmarks like SOFR and CORRA, offering risk-free and transparent rates based on actual on-chain data.
- The launch of CDOR addresses the challenge of a standardized funding benchmark in DeFi, potentially attracting institutional capital.
- The success of CDOR could lead to increased liquidity in DeFi as new products emerge, with early backers signaling institutional interest.
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Cryptoticker
3w
265
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Will Toncoin Price Crash to 0?
- Toncoin (TON) price has been struggling to regain bullish momentum and is currently hovering just under $3 with consistent weakness across daily and hourly charts.
- The daily chart displays a steady downtrend since mid-April, with moving averages in a bearish order and price unable to break above key resistance levels.
- Recent candles show indecision in the market, and a bearish continuation pattern is evident with lower highs and lower lows.
- The hourly chart reflects a weak picture with TON price trading below key SMA levels and lacking bullish control in the short term.
- Volume has decreased, and sellers are dominating, leading to the potential for further decline if support levels are breached.
- While a complete crash to $0 is improbable under normal market conditions, the risk of a prolonged bearish phase remains concerning for traders.
- A calculation based on the current monthly rate of decline suggests potential price levels by September if the bearish trend persists.
- However, a fundamental collapse would be necessary for Toncoin price to crash to zero, which is not anticipated at present.
- For a recovery, TON price needs to surpass key resistance levels and attract bullish momentum with significant volume.
- At present, the trend is downward, and caution is advised for traders as support levels may determine further downside moves.
- While Toncoin price is not expected to crash to zero, the current decline suggests a bearish outlook unless significant positive developments occur.
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TronWeekly
3w
44
Image Credit: TronWeekly
Solana Price Dips Below $150 But Bullish Pattern Signals Breakout to $220
- Solana (SOL) experiences a 5.88% decline, trading at $149.21.
- Analysts observe a bullish flag pattern, indicating potential breakout targets of $165, $183, and $220.
- Price predictions for 2025 vary from $158.45 to optimistic highs above $328.
- Trading volume has risen to $4.81 billion, signaling increased investor activity.
- SOL has maintained a near-flat position over the past week.
- The bullish flag pattern completed on the 12-hour chart suggests upward price movement.
- Technical indicators show Solana consolidating above the 50-period moving average, indicating bullish momentum.
- Possible price targets include $165, $183, and $220, with strong support around $155.
- The RSI indicates neutral to bullish momentum, suggesting steady or slightly bullish market conditions.
- Price movements are attracting attention, possibly involving bigger investors anticipating clearer regulations.
- Some forecasts suggest Solana could surpass $328.24 by 2025, highlighting strong recovery potential.
- Others are more conservative, predicting a maximum of $158.45 and an average value of $159.22 per coin by 2025.
- Overall, despite short-term fluctuations, long-term outlooks lean toward a cautiously bullish stance for Solana.
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Coinpedia
3w
106
Image Credit: Coinpedia
Why XRP Price Is Down Today—Market Fears and ETF Rejections to Blame?
- XRP price dropped nearly 5% over the past 24 hours, facing high selling volume and breaching key support levels.
- The token fell from $2.254 to $2.164, marking a weekly loss of close to 9%, with resistance observed at $2.20.
- Heavy selling pressure was prominent near $2.19, with a significant increase in trading volume.
- Despite attempts to push the price to $2.179, XRP quickly declined to $2.162, hovering around $2.164.
- Global uncertainty, U.S.-China trade tensions, and ETF rejections have contributed to the negative sentiment in the market.
- Analysts suggest that the combination of heavy volume and price drop may indicate a shift in market sentiment driven by broader macro volatility.
- Ripple's initiatives, like the RLUSD stablecoin and expansion in Dubai and Singapore, have not yet boosted optimism.
- Technical analysis indicates a potential continuation of the downtrend in XRP unless there is a shift in momentum.
- A descending channel on the hourly chart suggests the possibility of further downside, with $2.20 needing to be reclaimed for a more positive outlook.
- While selling volume is decreasing, the overall trend for XRP remains bearish, pending a successful breach of $2.20.
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TheNewsCrypto
3w
358
Whale Buys the Dip: Will 85K Ethereum (ETH) Purchase Trigger a Rebound?
- Ethereum is trading steadily at $2.5K amidst escalating bearish pressure in the market with liquidations totaling $100.82 million worth of ETH.
- Major assets, including Bitcoin hovering at $105.4K, are facing losses; Ethereum attempts recovery past $3K as it oscillates between $2.6K-$2.7K.
- ETH saw a high of $2,609, dropped to $2,456, and currently stands at $2,537 with a market cap of $305 billion and a trading volume of $23.6 billion.
- A whale bought 15,000 ETH at $2,477 each, spending 37.15 million USDC, totaling 85,465 ETH purchased at an average price of $2,584 recently.
- Ethereum's death cross at $2.5K may lead to further downside, testing support at $2,492; bullish scenario involves breaking resistance at $2,557 aiming for $2,585.
- The technical charts show active bearish sentiment, moderate buying pressure, strong bearish dominance with MACD below zero, CMF at 0.07, and BBP at -28.43.
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Coindoo
3w
336
Image Credit: Coindoo
U.S. Treasury Secretary Bessent Says Stablecoins Could Lower U.S. Debt Costs
- U.S. Treasury Secretary Bessent believes stablecoins could lower U.S. debt costs by leveraging a forecasted $3.7 trillion stablecoin market by 2030.
- The GENIUS Act, supported by a bipartisan coalition, aims to establish clear standards for reserves, audits, and licensing to accelerate stablecoin growth.
- Bessent highlighted the mutual benefits for stablecoin issuers, consumers, and the U.S. Treasury by requiring payment stablecoins to be backed by short-term U.S. Treasury securities.
- The act could boost demand for government bonds as the stablecoin market grows, improving financing conditions for federal debt.
- The GENIUS Act is expected to enhance operational certainty for stablecoin issuers, provide consumer protections, and encourage broader institutional adoption.
- By directing more capital into short-dated Treasuries, the law could stabilize funding markets and ease pressure on the federal balance sheet.
- The U.S. Treasury is prepared to support the transition if Congress swiftly moves the bill forward for approval.
- The GENIUS Act signifies a major step toward integrating blockchain finance into traditional monetary infrastructure, potentially reshaping crypto markets and U.S. fiscal policy.
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TronWeekly
3w
292
Image Credit: TronWeekly
FartCoin Defies Downtrend by Sustaining Key $1 Support Zone
- FartCoin faces crucial support at $1.00 and further levels at $0.92 and $0.86.
- Whale accumulation and Coinbase listing boosted FartCoin's market cap over $1 billion.
- A breakout above $1.20 could trigger bullish momentum targeting $1.53.
- Analysts note a 'Cup & Handle' pattern, hinting at a potential breakout.
- Despite price declines, on-chain activity suggests confidence in FartCoin's future.
- FartCoin's resilience post-listing on Coinbase attracts institutional interest.
- Deposits open for FartCoin on Binance.US with trading starting on June 18.
- An upcoming listing on Binance.US may increase FartCoin's exposure and liquidity.
- Technical indicators hint at potential bearish pressure, with a 'death cross' pattern.
- A bullish scenario could emerge if FartCoin surpasses $1.20 resistance and targets $1.53.
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TronWeekly
3w
92
Image Credit: TronWeekly
Solana Price Targets $258 After Wedge Breakout and Fibonacci Bounce
- Solana is showing signs of a bullish reversal with potential price targets around $258 after a wedge breakout and Fibonacci bounce.
- The golden Fibonacci retracement levels between 0.618 and 0.786 are considered key zones for trend reversals.
- Solana's price is currently around $149.30 with a market cap of approximately $78.7 billion.
- A falling wedge pattern on the chart indicates diminishing selling pressure and a likely breakout.
- Projected target levels for Solana are $204.31, $229.01, and $258.45, suggesting significant potential gains.
- Market volatility remains high, but technical indicators support a bullish continuation if key support levels hold.
- The daily chart shows high volatility with some minor selling pressure, although key technical indicators like RSI and MACD are not confirming bearish sentiment.
- Solana's potential for an upward trend reversal is supported by consolidation near strong historical support levels.
- Overall, Solana's technical setup favors a bullish scenario with potential upside momentum.
- Socure: CoinMarketCap
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Coindoo
3w
393
Image Credit: Coindoo
VanEck’s Spot Solana ETF Listed by DTCC, Approval May Be Imminent
- VanEck’s Spot Solana ETF, known as VSOL, has been listed by DTCC, indicating backend preparations for potential regulatory approval from the SEC.
- VSOL remains unredeemable at this stage, a common status for ETFs awaiting SEC clearance.
- Bloomberg analysts predict SEC approval for a spot Solana ETF within the next few months, given the agency's recent green lights for spot Bitcoin ETFs.
- Earlier Solana-based ETFs, like SOLZ and SOLT, were also listed by DTCC, with a 'redeemable' status, hinting at progress in launching Solana investment products.
- DTCC's involvement in Solana ETF listings reflects the increasing institutional interest in blockchain assets, with the organization exploring stablecoin launches and tokenized collateral platforms.
- The listing of VSOL on DTCC signifies Solana's growing acceptance not only within the developer and DeFi communities but also among institutional investors.
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TronWeekly
3w
141
Image Credit: TronWeekly
Stablecoin Regulation Gains Momentum as US Senate Approves GENIUS Act
- The U.S. Senate approved the GENIUS Act 68-30, advancing stablecoin regulation with bipartisan support.
- Legislation now moves to the House; the Trump administration sees stablecoins as crucial for U.S. economic competitiveness.
- Treasury Secretary projects the stablecoin market could reach $3.7 trillion, driving demand for tokenized U.S. Treasuries.
- The GENIUS Act aims to provide clarity and regulation for the rapidly growing stablecoin sector in the U.S.
- The bill will establish rules on reserve requirements, compliance, consumer protection, and stablecoin integration into the financial system.
- Stablecoin adoption is expected to grow significantly with potential market size projections of $3.7 trillion by the end of the decade.
- Following Senate approval, JPMorgan launched its stablecoin, JPMD, on Ethereum’s Layer 2 Base chain, backed by Coinbase Global.
- The passage of the GENIUS Act could lead to advancements in the U.S. central bank digital currency (CBDC) space, positioning the country as a global leader.
- The legislation is deemed a transformative moment for the digital asset economy and could redefine the future of finance in America.
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