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Altcoins News
TronWeekly
3w
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XRP ETF Debuts on TSX: Canada Leads with First Spot Offering
- Canada leads with the first spot XRP exchange-traded fund (ETF) listed on the Toronto Stock Exchange by 3iQ Corp.
- XRPQ, backed by Ripple, offers 0% management fee for the first six months and provides direct exposure to XRP secured in cold storage.
- Legal delays in Ripple's U.S. case may offer buying opportunities as XRP stands at $2.13.
- XRPQ's launch marks a milestone in the crypto industry with XRP becoming the fourth-largest cryptocurrency to have an ETF.
- Ripple Labs is involved in institutional adoption and an early investor in this XRP ETF.
- Despite the ETF news, XRP maintains a trading price around $2.13 with no significant bullish reaction observed yet.
- The legal pause in the Ripple-SEC case could present opportunities for institutions to enter the market.
- Once capital flows into the XRP ETF and legal clarity is achieved, XRP is poised for significant price upside.
- 3iQ's XRP ETF comes after the success of the Solana Staking ETF and aims to provide safe entry to blockchain networks for Canadian investors.
- Canada's leadership in digital asset ETFs sets a precedent for other countries amidst U.S. regulatory challenges.
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TronWeekly
3w
309
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BNB Transactions Jump 150% to 15 Million as Price Eyes $700
- BNB daily transactions surged 150% to 15 million, with active addresses nearing 2 million since early May.
- Derivatives volume increased by 63.8% to $630.92 million; options volume soared by 102.7% to $2.37 million.
- BNB price holds support at $652 and faces resistance at $700; long/short ratio is at 1.70.
- Daily transactions for BNB rose from 6 million to over 15 million since early May, signaling growing utility and user engagement.
- BNB was trading at $652 with a slight intraday weakness of 0.09% at press time.
- Long/short ratio on Binance stands at 1.70, with 63.02% of accounts holding long positions.
- Fluctuations in the long/short ratio suggest uncertainty and potential limitations for BNB's near-term breakout.
- Derivatives trading saw a significant increase, with volume surging and options activity jumping notably.
- Options open interest rose by 47.29%, indicating heightened hedging or speculative activity.
- Stability in long dominance might impact BNB's ability to make substantial price movements in the foreseeable future.
- BNB's price remains above a key trendline, with resistance at $700 and support at $625; balanced momentum observed.
- Market interest in BNB is growing, as reflected by rising network activity, solid support levels, and increased derivatives engagement.
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Coinpedia
3w
35
Image Credit: Coinpedia
Institutions Stack Solana Ahead of SOL ETF—Will This Be the Catalyst for the Price to Reach $1000?
- Solana price remains stable around $146, showing a slight 3-4% decrease from recent highs.
- Institutions are showing interest in Solana, with significant assets bridged to the network from other chains, including $70 million from Ethereum.
- The movement of assets to Solana indicates growing cross-chain confidence and utility, potentially signaling bullish momentum.
- Solana is currently within a bullish pattern despite facing bearish pressure, with the price close to $145.
- The token is forming lower highs and lows but is within a large bullish structure, suggesting possible support at $143 or $140.
- Technical indicators like the CMF and RSI point to a potential rebound from the $140 support level.
- The SOL price is trading within a cup & handle pattern, with the potential to trigger an upswing if support at $133 is maintained.
- Overall, market sentiment for Solana remains positive, supported by on-chain activity and ecosystem growth.
- The article focuses on Solana's price analysis and institutional interest in the context of potential ETF approval.
- Altcoins Price Analysis is a relevant tag for the content, highlighting the focus on Solana's price movement and market trends.
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Coinjournal
3w
380
Image Credit: Coinjournal
Hyperliquid price outlook amid Eyenovia’s $50M HYPE treasury strategy
- Hyperliquid (HYPE) price fell below $40 amid profit-taking and crypto sell-off.
- Despite Eyenovia's $50 million investment in HYPE for its treasury strategy, the price dipped 5%.
- Bears may target deeper price dips if bulls give up territory.
- Eyenovia, Inc., a Nasdaq-listed ophthalmic technology firm, plans to add HYPE to its crypto treasury.
- This move represents a significant milestone for both firms, aligning with the trend of companies increasing exposure to digital assets.
- HYPE extended losses following a recent all-time high, with profit-taking cited as a reason for the decline.
- Eyenovia's $50 million investment aims to acquire 1 million HYPE tokens as part of its treasury strategy.
- Hyunsu Jung has been appointed as Chief Investment Officer to lead this initiative.
- Eyenovia emphasizes focusing on long-term capital appreciation and shareholder value with this strategic pivot.
- The company's plans to stake HYPE tokens via Anchorage Digital's platform further highlight their commitment to this strategy.
- HYPE's price struggles to maintain momentum above $40, with technical indicators showing a bearish outlook.
- Despite the current price dip, analysts believe institutional endorsements could drive HYPE's value higher.
- Hyperliquid remains a strong project with significant perpetuals volume and revenue.
- Eyenovia stands out as the first US public company to adopt HYPE, potentially setting a precedent for DeFi tokens.
- Overall, the outlook for HYPE remains uncertain amidst market fluctuations and institutional interest.
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Crypto-News-Flash
3w
349
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Binance Leads Altcoin and Stablecoin Deposits with Massive Daily Activity
- Binance leads in altcoin and stablecoin deposit transactions, showing strong user activity on Ethereum and TRON networks.
- The exchange remains a preferred destination with high altcoin deposit numbers, surpassing competitors like Coinbase during market rallies.
- During the November-December 2024 altcoin rally, Binance recorded up to 59,000 altcoin deposit transactions in a single day.
- Even on quieter days, Binance excels with an average of 13,000 altcoin deposit transactions per day compared to competitors.
- Altcoin deposit spikes often follow market rallies as traders move profits, potentially indicating imminent market movements.
- Binance also dominates in stablecoin deposits on Ethereum and TRON networks, showing its strength in capital positioning.
- Binance received 384,000 USDT inbound transactions on TRON over the last 7 days, showcasing its appeal for traders storing liquidity.
- Currently holding over 60,000 BTC in unrealized profits, Binance demonstrates users' continued trust in the platform.
- Recent data indicates a resurgence in inflows to Binance after a withdrawal trend, hinting at renewed trader activity.
- Analysts observe significant stablecoin inflows to Binance, reaching $400 million per day, coinciding with Bitcoin withdrawals, hinting at market movements.
- The combination of stablecoin inflows and Bitcoin withdrawals on Binance is seen to influence market dynamics, potentially leading to price increases.
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TheNewsCrypto
3w
177
Story Protocol Crashes 13% as Death Cross Signals Extended Bearish Run
- Story Protocol (IP) experienced a 13% intraday drop to $3.047 due to extreme bearish momentum with technical indicators flashing warning signals.
- A death cross formation was confirmed as the 50-day and 20-day EMAs breached, indicating long-term downward pressure since reaching highs near $5.000 in May.
- The breach of the 50-day and 20-day EMAs confirms a long-term bearish bias in IP's trading, signaling potential further downside from its current $3.07 price.
- The MACD indicator shows weakening momentum with signals crossing bearishly and the RSI at 18.62, indicating an oversold condition and potential weakness in bullish momentum.
- Institutional and retail players seem to be de-risking their positions in Story Protocol as selling volume increases, pushing the price to critical support levels around $3.000.
- To initiate a significant recovery, Story Protocol needs to surpass the $3.648 mark and maintain sustained buying pressure above the 50-day EMA to shift the technical outlook to neutral.
- The news also mentions Washington State's first crypto ATM ban going into effect in Spokane.
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Coinjournal
4w
150
Image Credit: Coinjournal
Bitcoin Cash price forecast: BCH steady despite profit taking
- Bitcoin Cash (BCH) price remains stable above $470 despite profit-taking in the market.
- There is a possibility for BCH to reach December 2024 highs near $640 if it breaks above $500.
- However, failure to move decisively past $500 may lead to further declines, especially if bearish momentum strengthens.
- BCH is trading slightly below $470, down 0.3% for the day, outperforming other major altcoins that have seen larger declines.
- The total cryptocurrency market capitalization has decreased by 1.5% to $3.26 trillion, reflecting a broader retreat in global risk assets.
- Bitcoin Cash has demonstrated resilience despite increased profit-taking, geopolitical uncertainties, and macroeconomic pressures affecting investor sentiment.
- Recent military tensions between Israel and Iran have contributed to market volatility, impacting cryptocurrencies like BCH and Bitcoin.
- BCH recently pulled back from multi-week highs near $480 due to profit-taking seen across the market.
- The US Senate's approval of the GENIUS Act brings positive developments, but overall uncertainty persists, leading to cautious investor behavior.
- Bulls are defending the $400 support level for BCH within an ascending triangle pattern, hinting at a potential bullish breakout.
- Open Interest (OI) in BCH futures has risen by 2.8% to $487 million, indicating continued trader confidence.
- Technical indicators show optimism for BCH, with the RSI at 65 indicating sustained bullish momentum and the MACD signaling a bullish crossover.
- If BCH surpasses the $500 resistance level, the next target could be the December 2024 highs of $640, potentially triggering a broader rally.
- Strong support levels exist at $400 and $375, with a breach below these levels potentially intensifying bearish pressure, especially if Bitcoin drops below $100k.
- Overall, Bitcoin Cash price remains resilient in the face of profit-taking and market uncertainties, showcasing potential for bullish momentum.
- Despite recent fluctuations, BCH's technical indicators and support levels suggest a balanced outlook for potential price movements.
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Coinpedia
4w
287
Image Credit: Coinpedia
Pi Network Price Nears All-Time Low Again
- Pi Network's price is nearing its all-time low again, hovering around $0.50 amidst various challenges.
- Technical indicators suggest Pi Network may be nearing oversold conditions, potentially signaling a bounce-back.
- Momentum indicators are hinting at growing bullish pressure, with signs of a potential upside movement.
- If Pi Network breaks through key resistance levels, it could aim for higher targets such as $0.61 and $0.71.
- Failure to maintain support levels could lead to a drop to $0.45 or revisit the recent low of $0.40.
- The community's upcoming Pi2Day celebration on June 28 may bring fresh excitement and buying interest.
- The release of 337 million unlocked Pi tokens over the next month poses a threat to price stability, adding selling pressure.
- Pi Network faces challenges like no DApps, unclear mainnet launch, and absence from major exchanges like Binance and Coinbase.
- The ongoing market weakness and token unlocks could further impact the fragile price action of Pi Network.
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99Bitcoins
4w
221
What Is EnterBeat Crypto? EBT Price Prediction After 300% Skyrocket
- EnterBeat aims to empower creators and disrupt the entertainment industry with its native token EBT
- EBT surged 300% in 24 hours post BingX listing, showing potential for further gains
- Not all tokens sustain uptrends after listing, but EBT has been a top performer, outperforming some Solana meme coins
- EnterBeat operates as a dApp on Ethereum's layer-2 chain, Base, utilizing NFTs to reward creators and engage users
- The project focuses on a creator-first approach, allowing artists to mint, monetize, and manage content using smart contracts
- EBT's recent rally is attributed to fundamental events like BingX listing, offering exposure to traders and the project launching on the Base chain
- By Q4 2025, EnterBeat plans to launch a beta version of its platform for select users, benefiting from the shift towards creator economies
- EnterBeat is riding the wave of the creator economy trend, similar to successful projects like Zora and Kaito
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99Bitcoins
4w
403
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
4w
292
Image Credit: Coindoo
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
4w
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
4w
110
Image Credit: TronWeekly
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
4w
20
Image Credit: TronWeekly
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
4w
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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