Trader says XRP price setting ‘biggest bear trap’ after June monthly open
XRP trades below key macro support, but analysts say reclaiming it could trigger one of the biggest bear traps.
Crypto
Franklin Templeton teams up with MoonPay to let big investors swap stablecoins for yields 24/7
The Wall Street giant is integrating its tech platform with MoonPay’s infrastructure, allowing eligible institutions to seamlessly swap stablecoins for yield-generating tokenized funds without ever leaving the blockchain.
MoneyGram launches MGUSD stablecoin on Stellar network
MoneyGram launched MGUSD, a dollar stablecoin on Stellar, as the remittance company deepens its push into blockchain-based global payments.
Mt. Gox Moves $739M in Bitcoin as Repayment Deadline Looms
The defunct exchange still has about 35,000 BTC left to distribute, though the latest transfer does not show a sale.
Strategy’s bitcoin sale may mark start of ether outperformance, StanChart’s Kendrick says
ETH could outperform BTC by 40% from current levels as bitcoin treasuries may sell assets to cover obligations, the bank’s digital asset research head said.
CoinDesk 20 performance update: Stellar (XLM) falls 8.4%, leading index lower
Aave (AAVE), down 3.9% from Monday, was also an underperformer.
Movement pivots to stablecoin payments as the layer-2 boom loses momentum
The team behind Movement said it plans to leverage licensed payment partners alongside blockchain settlement rails to target the roughly $685 billion remittance market serving low and middle-income countries.
EdgeX blames ‘external party’ for token crash as ZachXBT alleges insider manipulation
Onchain investigator ZachXBT claims decentralized exchange edgeX insiders controlled nearly the entire supply with a thin float.
NEAR, Worldcoin Post Double-Digit Gains as Market Sees $714M in Liquidations
While Bitcoin dipped below $70,000 to trigger a massive liquidation cascade, select altcoins surged on individual ecosystem catalysts.
Live markets: bitcoin’s plunge continues, putting February $60,000 low back in play
Google overnight set an $80 billion capital raise, including $10 billion from Berkshire Hathaway, reflecting the continuing flood of money headed into AI (and not crypto).
Capital B seeks $122B funding mandate to buy more Bitcoin
Capital B is asking shareholders to approve up to $122 billion in capital-raising authority to accelerate its Bitcoin treasury strategy.
Stellar CEO says Clarity Act would help, but tokenization isn’t dependent on it
DTCC’s decision to connect its tokenized securities platform to Stellar marks a new phase of institutional adoption for public blockchains.
Strive adds 2,500 bitcoin to hit 19,000 BTC just a day after Strategy turns seller
Benchmark’s Mark Palmer also initiated coverage of the stock with a Buy rating and $32 price target as ASST shares fell about 4% pre-market.
Bitcoin ETF outflows are noise as Wall Street doubles down on crypto, says analyst
Recent Bitcoin ETF outflows look dramatic in headlines, but Bloomberg Intelligence’s Eric Balchunas says the broader adoption story remains intact.
Morning Minute: Saylor Sells Bitcoin for First Time Since 2022
Bitcoin fell below $70K on the back of the sales, and a major Polymarket dispute is brewing over whether Strategy indeed sold in May or not.
Bitcoin derivatives markets flashing warning signs as price plunges below $70,000
Open interest has risen to 773,000 BTC, one of the highest readings on record, while funding rates remain elevated despite weak spot demand and growing market fear.
Ripple’s dollar stablecoin expands to Turkey through three local platforms
BiLira, Bitexen and Bitlo will make Ripple’s RLUSD stablecoin available to Turkish institutions.
Bitcoin back in ‘distribution phase’ as extreme fear grips crypto market
Bitcoin slips below $70,000 as rising losses, exchange inflows and extreme fear signal a renewed distribution phase.
Crypto treasury inflows fall to lowest level since 2024
Bitcoin treasury firms made up nearly all May inflows, but BTC-linked capital formation also dropped sharply from April.
Bitcoin drops toward $69,000 as Saylor sale spooks investors while AI tokens buck the trend
The price of bitcoin fell to its lowest since April 7 as Strategy’s sale dented sentiment, while AI tokens H and NEAR surged and DeFi TVL hit a 20-month low.
Mt. Gox moves $739M in Bitcoin from cold wallets: Arkham
Mt. Gox moved $739 million in Bitcoin for the first time since March, raising speculation about imminent creditor distributions.
MoneyGram launches stablecoin on Stellar, joining rush toward digital dollar payments
MGUSD, issued by Stripe’s Bridge, will power services across MoneyGram’s global network as stablecoins gain traction in cross-border payments.
Bitcoin price falls under $70K as crypto markets liquidate $800M
Bitcoin fell to fresh two-month lows as BTC price weakness accelerated and analysis targeted its 200-day moving average trend line.
Robinhood enters Canada after $180 million WonderFi acquisition
Robinhood will enter Canada after its WonderFi acquisition brought local crypto exchanges Bitbuy and Coinsquare under its control.
Bitcoin’s biggest ETF selloff yet hits $3.4 billion as AI stocks keep climbing
U.S. spot bitcoin funds bled cash for 11 straight sessions through Monday, the longest redemption streak since their 2024 launch, as risk dollars rotated toward an AI-led equities rally.
XRP falls 4% below $1.30 as bitcoin-led market weakness pulls down majors
XRP hit fresh 15-week lows after losing a key support zone, with exchange outflows failing to offset persistent selling pressure.
Mt. Gox moves 10,422 bitcoin worth $739 million to a new wallet as deadline nears
The 04:47 UTC Bitcoin block 952,072 transaction moved coins from Mt. Gox cold storage into a freshly generated address, with a smaller 116-bitcoin slice routed to the defunct exchange’s hot wallet.
Bitcoin falls to 2-month low as divergence to equities deepens
Santiment says that “the gap between traditional equities and crypto has become increasingly difficult for traders to ignore.”
Grayscale HYPE ETF ‘likely imminent’ as new update shows competitive fee: Analyst
Grayscale proposed a fee of 0.29% on its Hyperliquid ETF, which “slightly undercuts” rivals 21Shares and Bitwise that carry respective fees of 0.3% and 0.34%, says analyst James Seyffart.