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Where are you going this year? 

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Is Ripple Truly in Possession of 48 Billion XRP Tokens? Ripple Labs, the company behind the highly popular altcoin XRP, has been mired in controversy over allegations of selling their own altcoin to fund operations. Recently, attention has been drawn to the large number of tokens the company allegedly controls—approximately 48 billion XRP or $100 billion worth, which it uses to fund operations and sells a portion of each month. Ripple's CTO, David Schwartz, and a senior software engineer, Mayuka Vadari, argue that while these funds are in escrow and will ultimately return to Ripple, the company cannot currently access or use them. Despite the technicality, Ripple Labs is expected to receive these tokens according to escrow conditions, just as it has in the past.

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Could the Expiry of $15 Billion Worth of Bitcoin Options Affect Cryptocurrency Markets? Approximately 140,000 Bitcoin options contracts, with a notional value of nearly $15 billion, are set to expire on Friday, June 27. The event coincides with the end of the month and the second quarter, potentially impacting spot markets. The options contracts have a put/call ratio of 0.74, indicating more long sellers than shorts, and a max pain point of $102,000. Open interest is highest at the $140,000 strike price. In addition to Bitcoin, about 940,000 Ethereum contracts are also expiring, with a notional value of $2.3 billion. This brings the total notional value of crypto options set to expire on Friday to approximately $17.3 billion. The crypto market is currently in a two-month sideways trading channel, with Bitcoin showing resilience despite failing to surpass resistance at $108,000.

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Global Network Introduces Preferential Blockspace for Authenticated Users Supporting 13M Members World, previously known as Worldcoin, has introduced a new feature called "Priority Blockspace for Humans" (PBH) on its World Chain mainnet. The infrastructure prioritizes transactions from verified human users, stepping away from the traditional gas fee bidding mechanisms. PBH activates during network congestion, reserving space for transactions from Orb-verified individuals. The system aims for quicker and more reliable access to core services without additional costs. This supports developers building for World's 13 million verified users network, and is part of a broader goal to create an international network of over a billion authenticated users. The project launched in the US in April and continues to expand despite ongoing scrutiny over its data collection practices.

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XRP Value Declines After Latest Ripple Disappointment in Ongoing SEC Lawsuit US District Judge Analisa Torres has ruled against both the SEC and Ripple in their joint motion, dealing another blow to the ongoing legal battle that commenced over four years ago. Despite Ripple CEO Brad Garlinghouse's announcement in March that the lawsuit had concluded, the case remains unresolved. Ripple and the SEC had agreed on a minor penalty of $50 million, substantially less than the original $125 million ruling or the SEC's initial claim of $2 billion. However, Judge Torres rejected the joint motion for an indicative ruling, considered a setback for both parties. This has impacted XRP's price negatively, which has declined by over 3% and trades well below $2.15, despite overall market improvements.

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Not Only TRUMP: Wallets Associated with MELANIA Coin Liquidate Substantial Shares Amid 98.4% Price Plunge The group managing the second meme coin tied to America's First Family, MELANIA, have been selling a significant amount of the token over recent months. Lookonchain's on-chain data reveals that they've sold over 8% of the total MELANIA supply, amounting to over $35 million from 44 wallets. The MELANIA coin has experienced a severe price drop, with its value declining by 98.4% in just a few months. This sell-off trend mirrors that of the TRUMP token, which has also seen large portions being disposed of by associated wallets. A notable instance occurred just before the US initiated a missile attack on Iran, causing the entire crypto market, including the TRUMP meme coin, to plummet.

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