Crypto exchange HTX will permanently remove President Donald Trump-backed World Liberty Financial’s fiat-backed USD1 stablecoin from its trading platform.Beginning June 7, the digital asset exchange said it will systematically convert all eligible retail customer balances of the USD1 token into Tether (USDT) at a strict one-to-one valuation.This intervention arrives as direct retaliation after the Trump-affiliated decentralized finance project blocked access to several HTX-controlled blockchain addresses.Management at the trading platform insists that the blocked wallets contain standard retail customer funds rather than illicit capital, and frames the freeze as a violation of user property rights.The exchange added:“Given that the USD1 stablecoin…
Author: cryphedge
Ripple’s native cryptocurrency XRP came under tremendous pressure this month as the digital-market asset is facing serious tension as Bitcoin plunged to the $62,000 level. Leading altcoins remain in the deep red, and XRP has fallen to a low of $1.06 during the weekend but managed to briefly recover from the slump. Uncertainty is high, and traders have now tightened their purses, fearing another market crash.On the heels of the downturn, leading cryptocurrency analyst Egrag Crypto took to X, sharing a chart claiming that XRP is now in the Oversold zone. He stressed that the sudden price correction came from…
A massive contrarian trade on Hyperliquid just paid off in a staggering way. According to the on-chain update from Lookonchain, the trader known as Garrett Jin closed a short position on Zcash (ZEC) for an $11.24 million profit – a move that went directly against the privacy coin’s strong upward momentum. The trade stands out because ZEC has been among the top performing altcoins this week, as reported by BlockchainReporter in a weekly gainers round-up. ZEC spiked over 58% for the week leading into this closure, joining tokens like TON and SIREN as some of the biggest movers. The rally…
SIREN has emerged as one of the strongest-performing AI-related tokens this week, climbing toward a critical resistance zone as traders aggressively increase leveraged bets. The price has surged over 48%, reaching $1.25 with a massive increase in the trading volume of over 450%. The latest rally comes alongside a sharp surge in Open Interest, suggesting fresh capital is entering the market rather than merely rotating existing positions.However, with SIREN price approaching a key trendline resistance and RSI entering overheated territory, traders are now asking whether this is the start of a larger breakout or another rejection similar to previous attempts.SIREN…
Senator Cynthia Lummis is ramping up pressure on lawmakers as the CLARITY Act enters what could be its most decisive stage yet.“The CLARITY Act passed committee. The floor is next. We did not come this far to quit at the 5-yard line,” Lummis wrote in a June 8 post on X, signaling that the crypto market-structure bill is now moving into a crucial Senate battle.The Clarity Act passed committee. The floor is next. We did not come this far to quit at the 5 yard line.— Senator Cynthia Lummis (@SenLummis) June 7, 2026 Her comments come as growing attention returns…
Many crypto founders run a single PR approach and expect it to work for every audience. The coverage that wins over a protocol’s enterprise partners rarely moves a consumer token’s community, and the reverse holds just as often. That mismatch wastes budget and momentum. A founder who treats infrastructure buyers and retail users as one audience ends up reaching neither with the right message. B2B and B2C Web3 PR are different disciplines built for different readers. A founder who grasps that split early takes the first step toward a Web3 PR strategy that actually lands. In Web3, the Labels Map…
Author Ahmed Barakat Author Ahmed Barakat Part of the Team Since Aug 2025 About Author Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Share Fact Checked by CryptoNews Editorial Team Author CryptoNews Editorial Team Part of the Team Since Sep 2018 About Author The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for… Last updated: June 7, 2026 Grok AI has just predicts that the current $1.13 XRP price…
Ethereum’s slide to its lowest level in more than a year is testing the Wall Street trade that brought the token deeper into institutional portfolios.Data from CryptoSlate shows that the second-largest cryptocurrency fell to as low as $1,506 during the last 24 hours, its weakest level since April 2025, extending a broad crypto selloff that has already drained leverage from derivatives markets and pushed traders toward defensive positioning.Crucially, the downswing is not confined to ETH’s spot market as the digital asset is also experiencing a broader deterioration across regulated ETF flows, centralized exchange deposits, and derivatives positioning.This situation comes at…
According to CoinMarketCap, Arcium (arcium.one) ($ARX) hype to 663.52% to become the weekly top performer among altcoins in the crypto market. $ARX is trading at $0.0001788 with a trading volume of $52,097. There are other projects, such as GaiAI ($GAIX), Wowbit ($WWB), Bitway ($BTW), JAM Coin ($JAM), Ju Token ($JU), Yei Finance ($CLO), Epic Chain ($EPIC), Kaon ($KAON), and Labubu ($LABUBU), that are trending in the market. At the same time, GaiAI ($GAIX) is in the second position with a 418.19% price increase and is currently trading at $0.007217. It holds a volume of $131984. These unusual figures for these…
The crypto market is in extreme fear and the Fear and Greed Index sits at 13. Bitcoin is hovering around $60,000, down 22% in the first half of 2026. Ethereum has shed 29% in the first quarter alone and altcoins are bleeding across the board.The SetupCrypto bear markets have historically lasted between eight and twelve months. By that measure, analysts say the current cycle is past its halfway point, with a potential recovery later in 2026. Every previous extreme fear event, April 2025, February 2026, and now June 2026, has marked a significant accumulation opportunity for patient investors. The question…
