The surge in XRP price is supported by a 50% increase in daily trading volumes, which have crossed $2.56 billion, raising analysts’ expectations for a potential rally to $3 and beyond. Heightened whale activity and growing optimism surrounding the approval of a spot XRP ETF, potentially involving BlackRock, are fueling bullish sentiment. Ripple’s native cryptocurrency XRP is showing major strength, gaining 5% in the last 24 hours, and breaking past $2.25 as of press time. With today’s upside, XRP price has recovered most of last week’s losses. The important thing is that today’s Ripple cryptocurrency surge comes with a 50% upside…
Author: cryphedge
Solana Labs co-founder Anatoly Yakovenko has opposed Cardano’s leadership’s new proposal to convert part of its treasury into Bitcoin.In a June 16 post on X, Yakovenko suggested the idea was misguided, arguing that it reflects poor treasury management and sends the wrong message to the Cardano community.According to him:“Projects should keep 18-36 months of post kill list runway in short term TBills, but that’s about it.”The controversy stems from a June 13 proposal by Cardano founder Charles Hoskinson, who suggested that the blockchain network could redirect $100 million worth of ADA from its treasury into Bitcoin and stablecoins.According to Hoskinson,…
Recent uncertainty in the crypto sector has eased as the Bitcoin price increased nearly 2%. After a concerning doji on June 15th, BTC was exchanging hands near $107K, providing a relief rally for several altcoins. This hints that investors are not panicking over geopolitical tensions between Israel and Iran, as well as ongoing tariff disputes with the U.S.Data from coinglass proves the point, as U.S. Bitcoin ETF inflows exceeded $380 million on June 12th and 13th, contributing to total weekly inflows of $1.37 billion. Despite it trading below its ATH, investor optimism remains strong, with a short-term target set at $120K in…
The Tron blockchain is reportedly planning a backdoor entry to the US public markets through a reverse merger with SRM Entertainment, a Nasdaq-listed company, the Financial Times reported on June 16.If completed, the merger would create a new company, Tron Inc., holding large amounts of TRX, Tron’s native token. The report also suggested that Eric Trump, son of the US president Donald Trump, may join Tron Inc. in a leadership capacity.According to the report, Dominari Securities, a boutique investment firm based in New York, is arranging the transaction.TRON is one of the largest blockchains in the crypto industry, founded by…
NFT project Jirasan is moving to reset its operations according to Founder and CEO Shan. In a post published on Twitter/X, Shan acknowledged the project’s growing pains and outlined a clearer, more focused roadmap after what he described as an “overly ambitious” attempt to scale with limited resources. The founder has committed to restructuring the team, reassessing leadership roles—including his own—and narrowing the project’s focus to deliver real revenue-backed growth. Source: Jirasan What is Jirasan? Jirasan is a collection of 10,000 NFTs that serve as membership passes to the PG Group and the broader Redacted ecosystem. NFT holders receive various…
Japanese investment firm Metaplanet has reached its short-term goal of acquiring 10,000 Bitcoin, following a recent purchase of 1,112 BTC for approximately $117 million.The acquisition was completed at an average price of $105,405 per coin, pushing Metaplanet past Coinbase in the rankings of public companies with the most significant Bitcoin holdings.The milestone means the company doubled its BTC reserves in just six months. At the start of 2025, Metaplanet held fewer than 5,000 BTC but has aggressively acquired around 6,000 BTC during the ensuing period.This rapid accumulation signals the firm’s deepening commitment to Bitcoin as a core treasury asset.Despite hitting…
The $HYPE token has officially reached a new all-time high (ATH), breaking the $44.40 point in a significant market move. The milestone is supported by information taken from Hyperdash and published by Onchain Lens, which states investor confidence is being renewed and a boost in trading. In the last 24 hours alone, the token has gained more than 10%, one of the strongest rallies it has witnessed within the past couple of weeks. At its current value of approximately $44.49, $HYPE has become the center of attention of speculative crypto activity. The hyperliquid trading dashboard showed that the 24-hour volume…
The crypto market enters a new week, on a relatively stable ground. The global crypto market cap has risen by 1.10% to $3.32 trillion, while the intraday trading volume zoomed past by 15.94% to $89.62 billion. Which is a clear sign of growing activity as traders anticipate potential market-moving events. The Fear & Greed Index sits at 50, reflecting neutrality across retail and institutional sentiment.While ETF inflows are seeing a revival, providing crucial support to market leaders, it’s Ethereum that’s stealing the spotlight with its institutional traction. XRP, too, is drawing attention thanks to its $1 billion in treasury commitments…
BTC crossed $106,000 on 13 June, sparking institutional buying. The coin currently trades near the $107K mark. Market signals show mixed short-term sentiment despite the ETF rebound. Bitcoin investment products saw a sharp rise in institutional inflows last week, reversing a two-week trend of capital flight. Between 9 and 13 June, BTC-backed exchange-traded funds (ETFs) recorded $1.37 billion in net inflows, marking their first positive weekly performance since late May. The turnaround in sentiment came despite sluggish price action early in the week, suggesting a shift in investor behaviour driven by price recovery and growing appetite for digital assets in…
Bitcoin has bounced back above $107,000 after a sharp weekend slump triggered by rising tensions between Israel and Iran.According to CryptoSlate’s data, this is the first time in four days that BTC has crossed this level, showing signs of renewed investor confidence.The downturn began after Israel launched a surprise strike on June 13, reportedly targeting Iran’s nuclear infrastructure and senior military officials. In retaliation, Iran responded with missile strikes on key Israeli cities, including Tel Aviv and Haifa.The initial strike sent shockwaves through global markets, pushing Bitcoin down to around $103,000, a multi-week low. Over $1 billion in crypto positions…
