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Cryptoticker
4w
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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
4w
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
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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
4w
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
4w
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
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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
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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
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394
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
4w
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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Newsbtc
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186
Tether Enforces Freeze On $12 Million In Tron Funds Over Illicit Activity
- Tether freezes $12.3 million worth of USDT on the Tron blockchain targeting wallets linked to illicit activities like money laundering and sanctions evasion.
- Tether's T3 Financial Crime Unit partners with Tron and TRM Labs to monitor suspect transactions, leading to over $126 million in frozen assets since late 2024.
- The company aligns with regulatory bodies like the US Treasury’s Office of Foreign Assets Control (OFAC) to blacklist wallets associated with sanctioned individuals, such as those on the SDN list.
- In March 2025, $27 million in USDT was frozen on the Russian-linked exchange Garantex following EU sanctions, impacting user funds.
- Tether blacklisted $374,000 in USDT tied to North Korea’s Lazarus Group, known for moving over $3 billion in stolen crypto since 2009, with other stablecoin companies also blocking funds from identical wallets.
- Tether purchased a 32% equity stake in Elemental Altus Royalties on June 12, 2025, for about $89 million, aiming to diversify its assets with real-world value like gold royalties.
- The move signifies Tether's commitment to backing its stablecoin with tangible assets to satisfy risk-averse regulators and enhance stability.
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Bitcoinist
4w
150
Image Credit: Bitcoinist
Internet Computer (ICP) Beats ETH, ADA To Claim Top Spot In Key Metric
- Internet Computer (ICP) has surpassed Ethereum (ETH) and Cardano (ADA) to claim the top spot in the Development Activity metric.
- The Development Activity metric measures the amount of work developers are putting into public GitHub repositories.
- Internet Computer leads the way with a value of 557.7, followed by Chainlink (LINK) and Starknet (STRK).
- Cardano ranks fourth, while Ethereum is listed last in the top 10 cryptocurrencies for Development Activity.
- A high Development Activity value indicates strong developer commitment to a project, potentially signaling long-term viability.
- While Development Activity is a positive indicator, it may not directly impact the asset's price immediately.
- Internet Computer is currently trading around $5.26, down more than 10% in the past week.
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Coindoo
4w
224
Image Credit: Coindoo
99% of 2024 Stablecoin Activity Deemed Legitimate
- 99% of stablecoin activity in 2024 has been deemed legitimate, countering long-standing narratives linking digital assets with illicit financial activity.
- Stablecoins currently make up over 60% of all cryptocurrency transaction volume, indicating their increasing adoption across financial sectors.
- TRM highlights traceability and issuer-level control mechanisms of stablecoins, like the ability to freeze or burn tokens, as factors contributing to their credibility.
- The transparency of stablecoins on public blockchains is emphasized by TRM, particularly in conjunction with advanced blockchain analytics.
- Research firm Artimas supports TRM's findings, noting that business-to-business stablecoin transfers have become the largest and fastest-growing segment of the market, overtaking traditional peer-to-peer payments.
- This shift signifies increasing corporate trust in the efficiency and compliance capabilities of stablecoin technology.
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TronWeekly
4w
101
Image Credit: TronWeekly
Senate Crypto Bill Advances, But Trump’s Stablecoin Faces No Limits
- The U.S. Senate backs the GENIUS Act, a crypto bill aiming to regulate stablecoins, with 67 senators supporting the bill.
- The bill mandates that stablecoins must be backed 1:1 by U.S. dollar reserves and requires KYC and AML policies.
- The bill does not regulate Trump's USD1 stablecoin, raising concerns about potential conflicts of interest for presidential family projects.
- Democrats express worry over gaps in the bill, highlighting the need for transparency and conflict-of-interest provisions.
- Senator Elizabeth Warren criticizes the bill for not addressing what she sees as unregulated power wielded by Trump's project.
- Despite internal disagreements, the GENIUS Act gains traction as high-profile Democrats Mark Warner and Adam Schiff shift their stance to support regulation.
- The Senate has a 53-47 majority in favor of the bill, with potential impacts on the stablecoin market projected to reach $2 trillion by 2028.
- Lawmakers anticipate House amendments to address concerns and enhance the bill before it reaches the president's desk.
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TronWeekly
4w
420
Image Credit: TronWeekly
Cardano (ADA) Gears Up for Potential Reversal as Key Support Holds
- Cardano (ADA) showing signs of stability above $0.60035 support amidst recent selling pressure.
- A breakout above the 9 EMA and 20 SMA near $0.63 could trigger short-term bullish momentum.
- Potential triple bottom pattern around $0.60 suggests a reversal opportunity if supported by volume.
- Key resistance levels at $0.65755 and $0.70794 are targets if ADA surpasses $0.66.
- ADA trading at $0.6118, showing resilience after retesting strong support near $0.60035.
- Current price action near 9-period EMA at $0.62680, breakout above could attract buyers.
- ADA respecting $0.60 support level, forming a potential triple bottom pattern signaling bullish sentiment.
- Longer-term resistance levels at $0.65755, $0.66020, and $0.70794 are upside targets if $0.66 zone is breached.
- Market sentiment shifting from fear to caution optimism could benefit ADA with Bitcoin and Ethereum stability.
- Short-term confirmation of potential trend change with 4-hour close above $0.63, volume indication is crucial.
- ADA's ability to maintain strong support base and resist breakdown makes it a coin to monitor closely for trend shifts.
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Coindoo
4w
385
Image Credit: Coindoo
Kraken-Backed Ink L2 to Launch INK Token With Unique Non-Governance Model
- Ink L2, backed by Kraken, is preparing to launch the INK token with a unique non-governance model, potentially rivaling Coinbase's Base network.
- INK token will have a fixed supply of 1 billion tokens, ensuring permanence and immunity to governance changes, focusing on utility rather than governance influence.
- The token aims to drive real usage and incentives, emphasizing functionality over market speculation.
- INK will incentivize liquidity and promote application usage, differing from other Layer-2 networks tied to governance or staking dynamics.
- Coinbase's Base L2, which operates without a native token, contrasts with INK's approach, emphasizing utility-driven tokenomics and ecosystem alignment.
- Ink's model could attract users seeking utility-driven participation, free from governance distractions.
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