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CryptoPotato
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Bitmine Buys Another 27,000 ETH Despite Market Slump, Nears 5% of Ethereum Supply
🚀 Bitmine Immersion Technologies has expanded its Ethereum holdings to over 5.7 million tokens, representing about 4.7% of Ethereum's total supply, despite a recent market slump.
💰 The company's total crypto and investment holdings are valued at approximately $10 billion, solidifying its position as the largest corporate holder of ETH.
📈 Bitmine has staked nearly 4.9 million tokens, generating an annualized revenue of around $211 million, while competitor SharpLink has made significant purchases, acquiring over 39,000 ETH recently.
🚀 Bitmine Immersion Technologies has expanded its Ethereum holdings to over 5.7 million tokens, representing about 4.7% of Ethereum's total supply, despite a recent market slump.
💰 The company's total crypto and investment holdings are valued at approximately $10 billion, solidifying its position as the largest corporate holder of ETH.
📈 Bitmine has staked nearly 4.9 million tokens, generating an annualized revenue of around $211 million, while competitor SharpLink has made significant purchases, acquiring over 39,000 ETH recently.
Saylor’s Strategy Responds to Critics With New Plan to Protect BTC Exposure
💼 Strategy launches the Digital Credit Capital Framework to enhance liquidity and maintain long-term Bitcoin exposure, shifting focus from new BTC purchases.
💵 The company has increased its USD reserve to $2.55 billion, ensuring dividend payments for 17.4 months while implementing a BTC Monetization Program to fund reserves and expenses.
📉 Amid criticism and market concerns, Strategy's stock has faced pressure, prompting discussions on the need to halt BTC purchases to rebuild USD reserves, although the company continues to prioritize its BTC strategy.
💼 Strategy launches the Digital Credit Capital Framework to enhance liquidity and maintain long-term Bitcoin exposure, shifting focus from new BTC purchases.
💵 The company has increased its USD reserve to $2.55 billion, ensuring dividend payments for 17.4 months while implementing a BTC Monetization Program to fund reserves and expenses.
📉 Amid criticism and market concerns, Strategy's stock has faced pressure, prompting discussions on the need to halt BTC purchases to rebuild USD reserves, although the company continues to prioritize its BTC strategy.
Bitcoin (BTC) Price Warning: Why Another Drop Could Be Coming This Week
📉 Bitcoin has faced a 6% price drop over the past week, reaching a low of around $58,000, with analysts predicting potential declines to $50,000.
🔮 Some experts suggest that BTC could either enter a two-year bull run or continue to decline for another six months, while others speculate on a possible collapse to zero.
📊 Despite the bearish sentiment, indicators like the Fear & Greed index and the Relative Strength Index suggest that BTC may be oversold and poised for a short-term rebound, especially with July historically being a strong month for the cryptocurrency.
📉 Bitcoin has faced a 6% price drop over the past week, reaching a low of around $58,000, with analysts predicting potential declines to $50,000.
🔮 Some experts suggest that BTC could either enter a two-year bull run or continue to decline for another six months, while others speculate on a possible collapse to zero.
📊 Despite the bearish sentiment, indicators like the Fear & Greed index and the Relative Strength Index suggest that BTC may be oversold and poised for a short-term rebound, especially with July historically being a strong month for the cryptocurrency.
ANSEM Meme Coin Deployer Made $5.5K While Ansem Got $71M Worth
🚀 A Solana-based meme coin named ANSEM has surged to a valuation of over $108 million, with influencer Ansem holding more than $71 million worth of tokens.
💰 The coin's deployer only profited $5,500 after transferring 650 million tokens to Ansem, suggesting a pre-arranged promotional deal rather than a genuine investment.
📉 Despite ANSEM's explosive growth, analysts warn of potential market manipulation due to concentrated token supply, as the overall meme coin market has seen a significant decline in value.
🚀 A Solana-based meme coin named ANSEM has surged to a valuation of over $108 million, with influencer Ansem holding more than $71 million worth of tokens.
💰 The coin's deployer only profited $5,500 after transferring 650 million tokens to Ansem, suggesting a pre-arranged promotional deal rather than a genuine investment.
📉 Despite ANSEM's explosive growth, analysts warn of potential market manipulation due to concentrated token supply, as the overall meme coin market has seen a significant decline in value.
Bitcoin Cycle Timing: Could the Next BTC Bottom Arrive in October 2026?
📈 Bitcoin's halving events have historically acted as catalysts for bull runs, with market cycles closely following these patterns despite skepticism.
🔍 Previous cycles indicate that the current bear market could reach its lowest point between October 4 and October 17, 2026, based on historical timing averages.
⚠️ While this cycle analysis provides a framework, it is not a guaranteed prediction, as various external factors like liquidity and regulation will significantly influence Bitcoin's future performance.
📈 Bitcoin's halving events have historically acted as catalysts for bull runs, with market cycles closely following these patterns despite skepticism.
🔍 Previous cycles indicate that the current bear market could reach its lowest point between October 4 and October 17, 2026, based on historical timing averages.
⚠️ While this cycle analysis provides a framework, it is not a guaranteed prediction, as various external factors like liquidity and regulation will significantly influence Bitcoin's future performance.
Pi Network’s PI Token Dumps 5% Despite Hype, BTC Returns to $60K: Market Watch
🚀 Bitcoin's price dipped below $59,000 due to geopolitical tensions but rebounded to $60,000, maintaining a market cap of $1.2 trillion.
📉 The Pi Network's token dropped 5% despite the celebration of Pi2Day, while other major altcoins like CC and WLD also faced losses exceeding 4%.
🌟 SOL and BCH saw gains of over 2%, with the total cryptocurrency market cap holding steady at $2.150 trillion.
🚀 Bitcoin's price dipped below $59,000 due to geopolitical tensions but rebounded to $60,000, maintaining a market cap of $1.2 trillion.
📉 The Pi Network's token dropped 5% despite the celebration of Pi2Day, while other major altcoins like CC and WLD also faced losses exceeding 4%.
🌟 SOL and BCH saw gains of over 2%, with the total cryptocurrency market cap holding steady at $2.150 trillion.
Pi2Day Is Here: What Every Pi Network Pioneer Needs to Know
🎉 **Pi2Day Celebrations**: June 28 is celebrated as Pi2Day in the Pi Network community, marking expectations for significant announcements, similar to Pi Day on March 14.
🚀 **New Features Unveiled**: The Pi Network introduced SoloHost, Pi Sign-in, and PiVerify, expanding its ecosystem into AI, identity verification, and third-party services, aiming to enhance user experience and broaden its application.
📉 **Token Price Decline**: Despite the announcements, the native token PI has seen a decline of over 4% in the past 24 hours, trading just above $0.12 and remaining significantly below its all-time high of $2.99.
🎉 **Pi2Day Celebrations**: June 28 is celebrated as Pi2Day in the Pi Network community, marking expectations for significant announcements, similar to Pi Day on March 14.
🚀 **New Features Unveiled**: The Pi Network introduced SoloHost, Pi Sign-in, and PiVerify, expanding its ecosystem into AI, identity verification, and third-party services, aiming to enhance user experience and broaden its application.
📉 **Token Price Decline**: Despite the announcements, the native token PI has seen a decline of over 4% in the past 24 hours, trading just above $0.12 and remaining significantly below its all-time high of $2.99.
PIUS+1.06%
‘Engineers, Not Business Operators’: Why Loopring Is Shutting Down Its DEX
🔒 Loopring has announced the immediate cessation of trading services on its decentralized exchange due to outdated technology and poor adoption, marking the end of its pioneering zkRollup project on Ethereum.
⚙️ The team cited limitations in their early zkRollup design, lack of a virtual machine, and stronger engineering skills over business development as key factors in the platform's inability to compete with newer technologies.
💰 User funds are safe, and Loopring will manage the asset distribution process, covering transaction fees and providing a review period for users to verify their final account balances before distributions begin.
🔒 Loopring has announced the immediate cessation of trading services on its decentralized exchange due to outdated technology and poor adoption, marking the end of its pioneering zkRollup project on Ethereum.
⚙️ The team cited limitations in their early zkRollup design, lack of a virtual machine, and stronger engineering skills over business development as key factors in the platform's inability to compete with newer technologies.
💰 User funds are safe, and Loopring will manage the asset distribution process, covering transaction fees and providing a review period for users to verify their final account balances before distributions begin.
Three Things Crypto Investors Should Watch This Week
💔 **Market Struggles:** Crypto markets remained stagnant over the weekend, with a staggering $140 billion lost recently, as Bitcoin struggles to maintain the $60,000 mark.
⚖️ **Economic Indicators:** Key labor market data this week, including the June Jobs report, could significantly impact the Federal Reserve's monetary policy and influence risk assets like crypto.
📉 **Bearish Sentiment:** The overall outlook for crypto is grim, with total market capitalization at its lowest since September 2024, and Bitcoin and Ethereum facing significant downward pressure.
💔 **Market Struggles:** Crypto markets remained stagnant over the weekend, with a staggering $140 billion lost recently, as Bitcoin struggles to maintain the $60,000 mark.
⚖️ **Economic Indicators:** Key labor market data this week, including the June Jobs report, could significantly impact the Federal Reserve's monetary policy and influence risk assets like crypto.
📉 **Bearish Sentiment:** The overall outlook for crypto is grim, with total market capitalization at its lowest since September 2024, and Bitcoin and Ethereum facing significant downward pressure.
Here’s How CoinEx Became a Critical Gateway for Iran’s Crypto Economy
💰 Over $3.84 billion in blockchain transactions have been traced between CoinEx and sanctioned Iranian entities over seven years, with CoinEx being the largest external counterparty to Iran's biggest crypto exchange, Nobitex.
🔍 TRM Labs reported that CoinEx processed significant volumes of transactions with over 60 Iranian crypto businesses, indicating an organized relationship rather than independent market behavior, despite regulatory scrutiny.
⚠️ Following recent sanctions, transaction volumes between CoinEx and Iranian entities dropped sharply, although the exchange denied any ties to the Iranian government or sanctioned entities, claiming blockchain transactions do not imply involvement.
💰 Over $3.84 billion in blockchain transactions have been traced between CoinEx and sanctioned Iranian entities over seven years, with CoinEx being the largest external counterparty to Iran's biggest crypto exchange, Nobitex.
🔍 TRM Labs reported that CoinEx processed significant volumes of transactions with over 60 Iranian crypto businesses, indicating an organized relationship rather than independent market behavior, despite regulatory scrutiny.
⚠️ Following recent sanctions, transaction volumes between CoinEx and Iranian entities dropped sharply, although the exchange denied any ties to the Iranian government or sanctioned entities, claiming blockchain transactions do not imply involvement.
Report: Q2 2026 Becomes Worst Quarter Ever for Crypto Hacks
🔒 DeFi platforms faced 121 hacks in 2026, leading to losses of approximately $942 million, with the second quarter being the most active period for exploits, accounting for 85 incidents and $775 million stolen.
💰 Major losses were attributed to two significant attacks: Drift Protocol lost $285 million linked to North Korean hackers, while KelpDAO was exploited for around $290 million, showcasing vulnerabilities in their security measures.
📉 The total value locked (TVL) in DeFi has steadily declined from $115 billion in January to $70 billion by June, driven by decreasing investor confidence and ongoing hacks, although the current downturn is less severe than previous market cycles.
🔒 DeFi platforms faced 121 hacks in 2026, leading to losses of approximately $942 million, with the second quarter being the most active period for exploits, accounting for 85 incidents and $775 million stolen.
💰 Major losses were attributed to two significant attacks: Drift Protocol lost $285 million linked to North Korean hackers, while KelpDAO was exploited for around $290 million, showcasing vulnerabilities in their security measures.
📉 The total value locked (TVL) in DeFi has steadily declined from $115 billion in January to $70 billion by June, driven by decreasing investor confidence and ongoing hacks, although the current downturn is less severe than previous market cycles.
Ethereum Price Analysis: The Crucial Daily RSI Divergence That Could Save ETH From New Lows
🔄 Ethereum shows early signs of weakening bearish momentum, with sellers potentially nearing exhaustion after a prolonged downtrend.
📉 The recent price action indicates a bullish divergence on the RSI, suggesting that downside pressure is easing, especially as ETH holds above the critical $1.46K-$1.53K support zone.
🚀 A breakout above the descending trendline could target the $1.72K-$1.78K supply zone, while the market remains sensitive to liquidity positioning, indicating potential volatility in either direction.
🔄 Ethereum shows early signs of weakening bearish momentum, with sellers potentially nearing exhaustion after a prolonged downtrend.
📉 The recent price action indicates a bullish divergence on the RSI, suggesting that downside pressure is easing, especially as ETH holds above the critical $1.46K-$1.53K support zone.
🚀 A breakout above the descending trendline could target the $1.72K-$1.78K supply zone, while the market remains sensitive to liquidity positioning, indicating potential volatility in either direction.
Everyone Expects XRP to Crash Further: Is Ripple About to Surprise the Market?
📉 XRP has experienced a significant downturn, losing over 70% of its value since its all-time high in July 2025, with analysts predicting potential drops to critical support levels if it falls below $1.00.
🔍 Despite the bearish sentiment and ongoing selling pressure, historical trends suggest that extreme pessimism often precedes market recoveries, with long-term investors potentially accumulating during this downturn.
📈 July has historically been a strong month for XRP, with the asset showing impressive gains in previous years, hinting at the possibility of a turnaround despite the current negative outlook.
📉 XRP has experienced a significant downturn, losing over 70% of its value since its all-time high in July 2025, with analysts predicting potential drops to critical support levels if it falls below $1.00.
🔍 Despite the bearish sentiment and ongoing selling pressure, historical trends suggest that extreme pessimism often precedes market recoveries, with long-term investors potentially accumulating during this downturn.
📈 July has historically been a strong month for XRP, with the asset showing impressive gains in previous years, hinting at the possibility of a turnaround despite the current negative outlook.
Ethereum Whales Offload Almost $900M Worth of ETH: Is Another Crash Looming?
🐋 **Whale Activity:** Large investors have sold approximately 550,000 ETH, injecting $880 million into the market, contributing to Ethereum's drop below its $1,633 support level.
📉 **Market Pressure:** Ethereum is currently trading under significant pressure, with analysts warning that a drop below the critical $1,583 support could lead to further liquidations and a potential new cycle low between $1,237 and $1,089.
🏢 **Corporate Accumulation:** Despite the selling pressure, major corporate holders like SharpLink are accumulating ETH, with SharpLink purchasing over $62 million worth in just three days, indicating some bullish sentiment amidst the market turmoil.
🐋 **Whale Activity:** Large investors have sold approximately 550,000 ETH, injecting $880 million into the market, contributing to Ethereum's drop below its $1,633 support level.
📉 **Market Pressure:** Ethereum is currently trading under significant pressure, with analysts warning that a drop below the critical $1,583 support could lead to further liquidations and a potential new cycle low between $1,237 and $1,089.
🏢 **Corporate Accumulation:** Despite the selling pressure, major corporate holders like SharpLink are accumulating ETH, with SharpLink purchasing over $62 million worth in just three days, indicating some bullish sentiment amidst the market turmoil.
Bitcoin Remains Stable at $60K Despite New Attacks Between US and Iran: Weekend Watch
💰 Bitcoin's price has stabilized around $60,000 over the weekend, despite geopolitical tensions in the Middle East and a significant drop earlier in the week.
📉 Most altcoins experienced minor losses, with ZEC suffering the largest decline among major cryptocurrencies, while AAVE fell below $90 after a correction.
📊 Bitcoin's market capitalization exceeds $1.2 trillion, maintaining a dominance of nearly 56% over altcoins, as the total crypto market cap dropped by around $20 billion.
💰 Bitcoin's price has stabilized around $60,000 over the weekend, despite geopolitical tensions in the Middle East and a significant drop earlier in the week.
📉 Most altcoins experienced minor losses, with ZEC suffering the largest decline among major cryptocurrencies, while AAVE fell below $90 after a correction.
📊 Bitcoin's market capitalization exceeds $1.2 trillion, maintaining a dominance of nearly 56% over altcoins, as the total crypto market cap dropped by around $20 billion.
How Low Can XRP Go in July if $1 Support Falls? ChatGPT’s Worrisome Predictions
🐻 XRP is currently facing bearish pressure, with the psychological $1.00 level becoming a focal point as it recently dropped to $1.01 amid a market crash.
📉 If XRP breaks below $1.00, it could face further declines, potentially reaching targets between $0.96 and $0.94, with a worst-case scenario predicting a drop to $0.65.
🚀 Conversely, if XRP can defend the $1.00 support and reclaim resistance levels at $1.08 and $1.10, it may invalidate bearish predictions and provide a chance for recovery.
🐻 XRP is currently facing bearish pressure, with the psychological $1.00 level becoming a focal point as it recently dropped to $1.01 amid a market crash.
📉 If XRP breaks below $1.00, it could face further declines, potentially reaching targets between $0.96 and $0.94, with a worst-case scenario predicting a drop to $0.65.
🚀 Conversely, if XRP can defend the $1.00 support and reclaim resistance levels at $1.08 and $1.10, it may invalidate bearish predictions and provide a chance for recovery.
Bitcoin and Gold Are Bleeding – So Where Is the Money Going?
📉 Bitcoin has dropped below $60,000 for the first time since late 2024, resulting in over $8 billion in losses for major funds tracking its performance.
💰 Both Bitcoin and gold ETFs have experienced significant outflows, with a cumulative loss of $12 billion since April, while Bitcoin ETFs alone saw $4 billion withdrawn in June.
🔧 Investors are shifting their focus to semiconductor stocks, with US semiconductor ETFs attracting $20 billion in inflows during the same period that gold and Bitcoin funds faced substantial withdrawals.
📉 Bitcoin has dropped below $60,000 for the first time since late 2024, resulting in over $8 billion in losses for major funds tracking its performance.
💰 Both Bitcoin and gold ETFs have experienced significant outflows, with a cumulative loss of $12 billion since April, while Bitcoin ETFs alone saw $4 billion withdrawn in June.
🔧 Investors are shifting their focus to semiconductor stocks, with US semiconductor ETFs attracting $20 billion in inflows during the same period that gold and Bitcoin funds faced substantial withdrawals.
XRP and HYPE Keep Winning the ETF Race as SOL Joins BTC and ETH
🚀 Record withdrawals from Bitcoin ETFs reached nearly $1.8 billion, marking their second-worst weekly performance, while Ethereum funds saw over $273 million withdrawn.
💰 HYPE and XRP ETFs experienced significant inflows, with HYPE achieving a record $111.36 million in net inflows for the week, while XRP attracted $23 million, marking their best performance in over a month.
📉 Solana ETFs faced a downturn with $3.8 million in net outflows, joining Bitcoin and Ethereum in negative performance as HYPE and XRP continue their winning streaks.
🚀 Record withdrawals from Bitcoin ETFs reached nearly $1.8 billion, marking their second-worst weekly performance, while Ethereum funds saw over $273 million withdrawn.
💰 HYPE and XRP ETFs experienced significant inflows, with HYPE achieving a record $111.36 million in net inflows for the week, while XRP attracted $23 million, marking their best performance in over a month.
📉 Solana ETFs faced a downturn with $3.8 million in net outflows, joining Bitcoin and Ethereum in negative performance as HYPE and XRP continue their winning streaks.
Crypto Venture Activity Narrows as Investor Participation Hits 6-Year Low
📉 Investor Participation Plummets: Unique investors in crypto funding dropped to 651 in Q2 2026, a significant decline from 2,564 in 2022, marking the lowest level since 2020.
💰 Funding Slowdown: Crypto venture firms invested approximately $4 billion in Q1 2026, a 50% decrease from the previous quarter, with later-stage startups capturing 57% of the capital.
🌐 Challenging Fundraising Environment: Venture firms face macroeconomic pressures, a crypto downturn, and increased competition from AI and digital asset treasury companies, complicating fundraising efforts.
📉 Investor Participation Plummets: Unique investors in crypto funding dropped to 651 in Q2 2026, a significant decline from 2,564 in 2022, marking the lowest level since 2020.
💰 Funding Slowdown: Crypto venture firms invested approximately $4 billion in Q1 2026, a 50% decrease from the previous quarter, with later-stage startups capturing 57% of the capital.
🌐 Challenging Fundraising Environment: Venture firms face macroeconomic pressures, a crypto downturn, and increased competition from AI and digital asset treasury companies, complicating fundraising efforts.
XRP Finally Shows 2 Bullish Signals After Crashing to $1: What’s Next for Ripple?
🌊 XRP has faced a tough June, losing over 20% of its value and dropping to $1.01, losing market cap to USDC.
📈 Analyst Tom DeMark's TD Sequential indicator has flashed a buy signal for XRP, suggesting a potential short-term rebound with a "one-to-four daily candlestick relief."
🔮 Historically, July has been a positive month for XRP, with past trends indicating potential for recovery after June's downturn, as previous Julys have shown double-digit gains.
🌊 XRP has faced a tough June, losing over 20% of its value and dropping to $1.01, losing market cap to USDC.
📈 Analyst Tom DeMark's TD Sequential indicator has flashed a buy signal for XRP, suggesting a potential short-term rebound with a "one-to-four daily candlestick relief."
🔮 Historically, July has been a positive month for XRP, with past trends indicating potential for recovery after June's downturn, as previous Julys have shown double-digit gains.
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