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Whales are increasingly turning to TRON for moving USDT, with on-chain data showing a record $694.54 billion in transfers during May. Nearly 60% of these transfers came from transactions over $1 million.

At the same time, USDT supply on TRON has increased by $21 billion in just six months, marking a 36% growth. With the US Treasury forecasting a $2 trillion stablecoin market by 2028, TRON’s rapid growth signals a major shift in how digital dollars move across the crypto ecosystem.

Whales Fuel Stablecoin Boom on TRON

Stablecoins are quickly gaining traction as a cornerstone of crypto adoption, with both on-chain activity and institutional interest reinforcing their growing influence.

According to CryptoQuant’s JA Maartunn:

“Stablecoins are becoming a key part of crypto adoption, a trend also seen by Circle’s recent IPO. On-chain data also shows that whales are actively using stablecoins! The chart below shows the total monthly USDT transferred on TRON. In May, it hit an all-time high: $694.54 billion. ~59% of that volume came from transactions over $1 million, totaling $411.2 billion in large transfers alone.”

This surge cements TRON’s role as the leading USDT transfer network and shows how stablecoins have become essential for large-value transactions and institutional capital flows.

USDT in TRON Transfer Analysis. Source: CryptoQuant.

At the same time, long-term projections are just as bullish.

The US Treasury forecasts that the stablecoin market could reach a $2 trillion market cap by 2028, fueled by rising institutional demand, the tokenization of real-world assets, and broader payment integrations.

TRX Benefits from Increasing Stablecoin Supply on the Network

Tron’s explosive growth in transaction volume and stablecoin activity is redefining its role in the crypto ecosystem.

In May 2025, “the Tron network’s native token, TRX, achieved a new all-time high (ATH) in monthly transfer volume,” reaching 490.3 billion tokens moved, equivalent to $121.2 billion USD at the time, according to CryptoQuant.

That lead became even more pronounced in 2025, as TRON officially surpassed Ethereum in total USDT supply and daily transactions.

That number has since climbed further, surging from $58 billion to $79 billion—an astounding 36% increase in just the first half of the year.

With over 2.4 million daily USDT transfers and $23.7 billion in daily volume, TRON is appearing as the most preferred network for stablecoin payments worldwide.

Roman Storm, founder of Tornado Cash, claimed on social media that the DOJ is blocking his expert witnesses. His trial is set to begin on July 14, a little over one month from today.

He called six witnesses, and the DOJ entirely rejected five of them. One witness, Matthew Edman, may have relevant information about blockchain technology, but the DOJ restricted him severely.

Tornado Cash Founder Pleads for Community Support

A legal battle around Tornado Cash, a decentralized privacy protocol, has been brewing for quite a while.

In 2023, the US government sanctioned the platform for allegedly aiding North Korean hackers. Tornado Cash founder Roman Storm fought these allegations, eventually leading to the impending trial and witness dispute.

Since Roman Storm addressed this treatment of his expert witnesses, prominent crypto leaders and organizations have donated to his legal fund. Storm has requested such donations at several points throughout the history of this case.

However, the DOJ lists several valid reasons to deny Storm’s “experts” in its filing. These witnesses were set to testify on digital privacy, blockchain technology, tokenomics, and whether or not KYC requirements would apply to Tornado Cash, among other things.

The prosecutors took a dim view of all these topics, dismissing their relevance outright. For example, this is a portion of its dismissal of Matthew Green, Roman Storm’s first expert witness:

“None of the above-listed topics are relevant to any fact at issue in this case. The only part of the initial paragraph of Green’s disclosure that might be a fit topic for expert testimony in this case is ‘the Tornado Cash protocol.’ But that description fails to disclose any opinion Green might offer, much less explain the relevance of any such opinion to this case,” it claimed.

It treated all of Roman Storm’s other witnesses similarly – criticizing their relevance, methodology, and proper vetting of their data.

Also, the DOJ asserted that it is not an expert’s job to offer legal judgments, like whether or not KYC requirements apply to Tornado Cash. The judge and the jury are supposed to determine that.

More to the point, Roman Storm stands accused of conspiracy to violate international sanctions, and several witnesses do not directly address that topic.

Even though the US Treasury removed Tornado Cash from its sanctions list, there is long-running scrutiny against it. The DOJ renewed its attack on Roman Storm last month, and it intends to see him convicted. He may need to find witnesses who have more directly relevant testimony.

Meanwhile, several community members and organizations continue to support the founder and have donated to his legal defense.

Earlier today, the Ethereum Foundation announced that it will donate $500,000 from the organization fund and another $750,000 from the community.

Overall, it seems Roman Storm will have the financial resources to present a strong defense in his trial. Yet, without expert witnesses, his case might face severe hurdles.

Hedera (HBAR) is under heavy pressure, falling 5% in the past 24 hours and down more than 25% over the last 30 days. The sharp decline has pushed multiple technical indicators into bearish territory, raising concerns about a potential breakdown.

Momentum has weakened significantly, with BBTrend and RSI signaling deteriorating strength and growing selling pressure. All eyes are now on the critical $0.153 support level, which could determine whether HBAR rebounds—or slides further toward new lows.

HBAR Struggles to Regain Momentum

Hedera’s BBTrend is now at -1.2, recovering from -3.27 earlier today but still below the 2.63 seen two days ago.

The drop signals fading bullish momentum after a short-lived rally. HBAR may be shifting from a breakout attempt to a consolidation phase.

The quick bounce from deeper negative levels suggests some buyer support, but the overall trend remains weak.

HBAR BBTrend. Source: TradingView.

BBTrend, or Bollinger Band Trend, measures the directional strength and volatility of price movements relative to the Bollinger Bands.

Values above +1 typically indicate strong upward momentum, while readings below -1 suggest bearish pressure. With HBAR’s BBTrend hovering at -1.2, the signal leans bearish, but not deeply so—hinting that while selling pressure still dominates, it may be losing intensity.

If the BBTrend moves back toward neutral or flips positive, it could signal a shift toward recovery or renewed buying interest.

HBAR RSI Plunges Below 30: Oversold Signal Points to Possible Rebound

Hedera’s RSI has dropped sharply to 22.29, down from 61.99 just two days ago. This points to quickly increasing selling pressure.

The decline pushes HBAR deep into oversold territory, signaling an aggressive correction. While it may reflect panic selling, it could also open the door for a rebound if buyers step in.

HBAR RSI. Source: TradingView.

RSI is a momentum indicator that tracks the speed and size of price changes on a scale from 0 to 100. Readings above 70 often mean an asset is overbought, while values below 30 suggest it’s oversold.

HBAR’s current RSI of 22.29 puts it well into oversold territory. If key support holds, this could limit further downside and signal a potential rebound.

Hedera Faces Breakdown Risk at $0.153

Hedera price is currently hovering just above a key support level at $0.153, a zone that has held in previous pullbacks.

However, if this support is tested and fails, Hedera could decline toward the next major support around $0.124.

Adding to the bearish outlook, HBAR’s EMA lines recently formed a death cross—a technical signal that typically indicates downward momentum and potential for further losses.

HBAR Price Analysis. Source: TradingView.

That said, a reversal in momentum could quickly change the outlook. If bulls regain control and push HBAR above the immediate resistance at $0.168, the token could then test higher levels at $0.175 and even $0.183 if the uptrend accelerates.

These resistance zones have historically acted as inflection points and would need strong volume to be broken decisively.

Whether HBAR breaks down or rebounds will likely depend on how it behaves around the $0.153 level in the coming sessions.

According to a recent lawsuit, an anonymous LastPass user is blaming the firm for losing $200,000 in a crypto hack. Specifically, he claims that LastPass didn’t give him notice about a 2022 security breach.

Still, this lack of notice may not have helped the victim. He kept his seed phrase on the platform, allowing the hackers to regenerate his Ethereum wallet and drain it of all funds.

More Crypto Thefts Surface from the Infamous LastPass Hack

The crypto industry has seen a few massive hacks in recent years, but a LastPass data breach has been responsible for several of them.

In late 2022, hackers managed to steal huge troves of user information, leading to $4.4 million being stolen from 25 users the following year. Today, one of them is suing over it.

According to the lawsuit, the hack victim is maintaining his anonymity but seeking personal injury damages from LastPass. Due to this anonymity, there isn’t much identifying information, but he hired a San Diego-based consumer law firm to file the suit in Washington, which is two states over.

The victim alleges that LastPass never informed him about the 2022 hack. He kept his seed phrase on the platform, and hackers quietly stole this information. After that, it would be trivially easy to regenerate his self-custody wallet and drain all funds.

To play devil’s advocate, LastPass’s alleged failure to notify the victim wouldn’t impact the actual hack. Crypto users should never, under any circumstances, put their seed phrase online.

Even if the password protector worked to notify all 25 million victims immediately, a seed phrase can’t be changed after generation.

In other words, even if he was notified immediately, the wallet was irreparable. The victim could have drained the funds himself and relocated them, but only if he acted fast.

Still, regardless of the specific damages, it’s an unfortunate incident. LastPass is still a functional company, even if the hack is causing lingering fallout. It could always reach a settlement to avoid a lengthy legal battle.

Stellar (XLM) is trading at its lowest levels in a month, down 14% over the last 30 days and 5% in the past 24 hours following the escalation of the Israel-Iran conflict. The recent drop has pushed several technical indicators into bearish territory, with the price hovering near critical support levels.

A newly formed death cross and rising ADX suggest downward momentum remains in control, while RSI shows only a slight rebound from oversold conditions. With sentiment shaken and XLM under pressure, the coming days will be pivotal in determining whether a breakdown or reversal takes hold.

Stellar RSI Rebounds Slightly but Remains Near Oversold Territory

Stellar’s Relative Strength Index (RSI) is currently at 32.63, a slight recovery from yesterday’s 26.93 reading but still well below the 69.20 level seen just two days ago.

This sharp swing reflects a rapid shift in market sentiment, with XLM moving from near-overbought territory to the edge of being oversold in less than 48 hours.

The rebound from sub-30 levels suggests that some buying interest has returned, but the broader trend remains weak, and momentum is still fragile.

XLM RSI. Source: TradingView.

RSI is a momentum oscillator that measures the speed and magnitude of price changes on a scale from 0 to 100. Readings above 70 typically indicate an asset is overbought and may be due for a correction, while values below 30 suggest it’s oversold and may be primed for a bounce.

With XLM’s RSI now hovering just above the oversold threshold, it signals that selling pressure has cooled slightly, but buyers have yet to fully regain control.

If the RSI continues rising and crosses above 40, it could be an early sign of trend reversal, but caution remains warranted for now.

XLM ADX Rises as Bearish Momentum Remains in Control

Stellar’s Directional Movement Index (DMI) shows an ADX reading of 30.46, up from 24 earlier today and nearly back to the 30.5 level it held two days ago.

This suggests that the strength of the current trend—whether up or down—is intensifying again after a brief dip in momentum. The +DI, which tracks bullish pressure, sits at 14.37, up from 11.88 earlier but still far below the 31.63 seen two days ago.

Meanwhile, the -DI, which measures bearish pressure, is at 32.37—down from yesterday’s 39.67 but still much higher than the 9.2 recorded two days ago.

XLM DMI. Source: TradingView.

The ADX gauges trend strength regardless of direction, with values above 25 typically indicating a strong trend. The widening gap between -DI and +DI signals that bearish momentum is still dominant, even as the intensity of that pressure has slightly eased.

With -DI firmly above +DI and ADX rising, Stellar appears to be in a strengthening downtrend, though the slight uptick in +DI could suggest the earliest signs of buyers stepping in.

Unless bullish momentum increases meaningfully, XLM may remain under pressure in the short term.

Stellar Nears Breakdown as Death Cross Pressures Price

Stellar’s EMA lines recently formed a death cross, a bearish signal that occurs when the short-term moving average crosses below the long-term one.

Stellar price is now trading near $0.26, and if the downtrend continues, it could test the key support at $0.252. A break below this level would push the price under $0.25 for the first time since April 20, reinforcing bearish momentum.

This technical setup reflects the pressure the asset has faced following weeks of weakening momentum.

XLM Price Analysis. Source: TradingView.

However, indicators like the RSI and DMI suggest the worst may be behind.

If buying interest builds and the price breaks above the $0.276 resistance, XLM could rally toward $0.285 and $0.293.

In a stronger uptrend, the next target would be $0.31, though that would require sustained bullish volume.

Aleksei Andriunin, the founder of crypto market maker Gotbit, was sentenced by a federal court in Boston yesterday on charges of market manipulation and fraud. He will serve eight months in prison and five years of probation.

Additionally, he forfeited $24 million in various cryptoassets as part of a plea deal. Although two indicted executives are apparently still at large, Gotbit’s operations are to shut down entirely.

Gotbit Founder Sentenced to Prison

Gotbit, an influential market maker, established its reputation with meme coins like Saitama and Robo Inu. The platform used wash trading to artificially boost the token’s liquidity.

However, the FBI employed fake tokens to catch the firm in the act last October, leading to a major sting operation. Today, Gotbit founder Aleksei Andriunin was sentenced to prison, ending a chapter in the saga.

After the Gotbit founder was extradited to the US in February, he entered a plea deal that significantly impacted his sentence. Andriunin detailed his company’s wash trading operations to federal prosecutors and may have cooperated in other ways.

As a result, his punishment is only eight months in prison plus five years of probation and substantial asset forfeiture.

The FBI also indicted Fedor Kedrov and Qawi Jalili, two other executives, but they still remain at large. Regardless, the FBI has its eye on the platform and intends to ensure Gotbit “ceases to exist or operate” altogether.

Generally, the community responded positively to the sentencing, as the firm’s actions could compromise market confidence. Neiro, a popular meme coin, had some early ties with the market maker but cut the firm off completely shortly after.

All that is to say, market fraudsters can damage legitimate projects’ reputations, creating scandals that weigh down their potential success. Now that Gotbit’s founder has been sentenced, the community can rest a little easier.

Altcoins are showing surprising strength today, even as the broader crypto market reels from heavy losses, with Ethereum (ETH) and Solana (SOL) both down over 6%. Aerodrome Finance (AERO), Zebec Network (ZBCN), and WhiteBIT Token (WBT) are leading the way, each defying the downtrend with notable gains.

AERO is up over 18% following Coinbase’s Base DEX integration, ZBCN continues its 30-day rally with another 4% daily gain, and WBT hit a new all-time high above $35. While most major tokens bleed red, these three altcoins are thriving—and attracting serious attention.

Aerodrome Finance (AERO)

Aerodrome Finance is the top-performing altcoin of the day, up more than 18% in the last 24 hours, with its market cap nearing $550 million.

The surge follows Coinbase’s major integration of Base chain DEX services into its main app, which significantly boosts Aerodrome’s exposure to millions of users.

AERO Price Analysis. Source: TradingView.

As Base’s primary DEX, Aerodrome already commands nearly $950 million in total value locked and over $500 million in daily volume, and this new visibility reinforces its dominance within the Base ecosystem.

While the token experienced short-term volatility after spiking over 35%, AERO still outpaced most top-100 assets amid a shaky broader market.

Looking ahead, AERO’s technical setup is approaching a key resistance at $0.708—if broken, it could quickly rise toward the $0.80 level. On the downside, the nearest support lies at $0.591, and a break below that could drag AERO down to $0.563 or even $0.50.

Zebec Network (ZBCN)

Zebec Network is up more than 4% in the last 24 hours, recently testing the $0.0045 level as bullish momentum shows signs of returning.

Despite broader market pressure, ZBCN remains one of the more resilient altcoins this month, riding a 65% gain over the past 30 days.

ZBCN Price Analysis. Source: TradingView.

If current momentum holds, the token could soon test resistance at $0.0053, and a stronger breakout could push it toward $0.0071. This recovery comes after a short-term pullback, with traders now watching for confirmation of a renewed uptrend.

However, ZBCN is still down over 9% in the last seven days, highlighting ongoing volatility and the importance of key support levels. If the price falls back to $0.0038 and fails to hold, it could trigger a deeper correction, with downside potential extending to $0.00146.

WhiteBIT Token (WBT)

WhiteBIT Token defied the broader crypto market downturn to hit a new all-time high above $35, making it the day’s top-performing coin.

The coin has increased by over 6% in the last 24 hours and almost 13% in the previous seven days.

WBT Price Analysis. Source: TradingView.

If this strength continues, WBT could push toward the psychological barrier at $40, especially if market conditions stabilize.

On the downside, the nearest support lies at $32.39—if that level fails, it could open the door to further losses at $30.89 and $29.94.

Nigerian traders are shifting focus as the broader crypto market navigates recent headwinds. While Bitcoin, Ethereum, and stablecoins remain the primary pillars of local trading activity, there is a growing appetite for a few altcoins.

To better understand this trend, BeInCrypto spoke with Ayotunde Alabi, Country Manager at Luno Nigeria, a regional branch of the global crypto exchange Luno, which operates in over 40 countries. Alabi highlighted some altcoins gaining traction recently on Luno and what their popularity reveals about Nigeria’s evolving crypto culture.

The Sandbox (SAND)

According to Alabi, SAND, The Sandbox’s native utility token, is one of the altcoins that has recently gained traction in the region.

“SAND is gaining traction as interest in metaverse gaming and NFTs continues to grow,” Alabi noted.

This is a particularly interesting trend, given the broader global decline in interest in NFTs and metaverse assets. Over the past 30 days, NFT sales volume has plunged by over 21%, and total NFT transactions completed are down 26% during the same period.

Total NFT Sales Volume. Source: CryptoSlam

Moreover, SAND’s price performance has remained lackluster over the past few days. At press time, the altcoin trades at $0.25, down 7% over the past week. On the daily chart, its Relative Strength Index (RSI) is below the 50-neutral line, confirming the low demand for the altcoin.

The RSI indicator measures an asset’s overbought and oversold market conditions. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.

At 39.22 and falling, SAND’s RSI hints at falling demand. If this continues, the token’s price could fall to $0.21.

SAND Price Analysis. Source: TradingView

However, a rebound in demand could send its price upward to $0.41. 

Aura

The Solana-based culture token AURA is another altcoin trending in Nigeria. Over the past week, the token’s price has skyrocketed by more than 19,000%, fueled by speculative momentum. 

In Nigeria, Alabi confirmed that AURA has seen a notable surge in trader interest, “driven largely by DeFi speculation.” This rally reflects how Nigerian traders are increasingly drawn to high-upside assets tied to emerging narratives, even amid broader market uncertainty.

At press time, AURA trades at $0.17, bucking the broader market dip to record a 12% rally over the past day. On Friday, the token briefly traded at an all-time high of $0.21.

During that period, its trading volume is up 85% to reach $65 million, suggesting that the price rally is backed by significant demand.

When an asset’s price and trading volume both rise, it signals strong conviction from market participants. This indicates that AURA’s rally is driven by genuine buying interest rather than low-liquidity price spikes. This makes the uptrend more sustainable.

If demand soars, the token’s price could revisit its all-time high and climb past it. 

AURA Price Analysis. Source: TradingView

On the other hand, if selloffs resume, AURA’s price could fall below $0.16, to trade at $0.13.

Bittensor (TAO)

TAO, the native token of Bittensor — a decentralized network for training AI models on the blockchain — is also on the list of top trending altcoins in Nigeria. Alabi told BeInCrypto that TAO was “one of the most popular new coins on Luno in May.”

As global excitement around artificial intelligence intensifies, Nigerian traders are positioning themselves in assets that offer exposure to this paradigm shift by holding TAO.

At press time, the altcoin exchanges hands at $367.4. Impacted by the broader market drawdown, TAO is down 10% over the past day.

On the daily chart, its negative Balance of Power (BoP) highlights the fall in demand. As of this writing, it stands at -0.56. The BOP indicator measures the strength of an asset’s buyers against the sellers. When its value is negative, sellers are in control, and downward pressure dominates the price action.

If this trend continues, TAO’s price could slip further to $304.8.

TAO Price Analysis. Source: TradingView

Conversely, if buying resumes, the token could climb to $389.6.

Stablecoins Still Reign

While SAND, AURA, and TAO are among the trending altcoins in Nigeria, stablecoins like USDT and USDC remain the cornerstone of the country’s crypto strategy. 

“Today, stablecoins account for over 40% of Nigeria’s crypto inflows, underlining their growing role in financial planning, international trade, and treasury management across the region,” Alabi noted.

He added that Nigerian individuals and businesses are increasingly turning to these dollar-pegged assets as a stable store of value, a hedge against inflation, and a reliable means for cross-border transactions.

Looking ahead, Nigeria’s crypto market is poised for transformative growth over the next 6 to 12 months. Alabi notes that with the upcoming Investments and Securities Act (ISA 2025), exchanges like Luno can expand listings and collaborate more with traditional finance. 

“Another major milestone on the horizon is the potential listing of Nigeria’s first regulated naira stablecoin, the cNGN. Though traction has been modest so far, its adoption on more established exchanges could accelerate as use cases for local payments, on-chain payroll, and FX hedging emerge. We also anticipate increased interest in multi-chain stablecoins and real-world asset tokens, especially as inflation continues to impact naira-denominated savings,” Alabi stated.

SharpLink Gaming announced it will spend $463 million to purchase 176,271 ETH tokens, becoming the second-largest Ethereum holder. It has already staked 95% of its held assets and will presumably repeat this pattern.

However, this massive gamble may come at an inopportune time. Last night, when the company filed SEC paperwork related to the purchase, its stock price fell by 70%, and ETH subsequently crashed for unrelated reasons.

Will SharpLink’s Ethereum Bet Pay Off?

Over the last few weeks, corporate Bitcoin acquisition has been turning into a worldwide trend, with firms on most continents buying and holding BTC.

Although Bitcoin leads this race, some firms are instead preferring altcoins, and SharpLink’s decision to make this massive commitment to Ethereum is part of this phenomenon.

By spending $463 million on Ethereum, SharpLink is now the largest publicly traded ETH holder. Indeed, only the Ethereum Foundation holds more of this asset.

In its press release, the company seems to identify this strategy as its main enterprise, briefly mentioning its gaming business at the very end of its statement.

“We believe Ethereum is foundational infrastructure for the future of digital commerce and decentralized applications. Our decision to make ETH our primary treasury reserve asset reflects deep conviction in its role as programmable, yield-bearing digital capital,” claimed Rob Phythian, CEO of SharpLink Gaming.

The press release also mentioned that Joseph Lubin, co-founder of Ethereum and founder of Consensys, is currently the Chairman of SharpLink Gaming.

Last night, when SharpLink filed with the SEC regarding its ETH plans, Lubin took to social media to clarify the firm’s position. Social media confusion caused a 70% price drop in the company’s stock, and the damage is still lingering.

However, Ethereum’s own performance is also a likely factor in SharpLink’s share valuation woes. ETH has had a hard year in 2025, and its recovery window might be ending already.

Despite institutional investment, the token is suffering from leadership disputes and geopolitical developments. In the last 24 hours, ETH’s price has fallen more than 7%.

Ethereum Monthly Price Chart. Source: BeInCrypto

Still, these price doldrums for Ethereum won’t necessarily doom SharpLink’s acquisition strategy. The company’s press release claims that it is already staking 95% of its held ETH and will presumably repeat this pattern with its new tokens.

This will allow the company to both reap passive yields and demonstrate its interest in the blockchain’s long-term usability.

Nonetheless, a 70% drop in stock price is hard to swallow, especially because it happened before ETH’s own crash. SharpLink is making a massive gamble on Ethereum, but it may not work out.

Either way, it’ll be a useful data point for traders and industry observers.

Israel confirmed today that it struck Iran which the latter has stated as a “declaration of war”. Amidst this conflict the global stock markets retreated while oil prices noted a surge. Crypto market akin to stocks, faced an ill-fate with the 24 hour crash wiping out $221 billion at one point.

BeInCrypto has analyzed three altcoins amid the downtrend, which, despite losses, hold potential for a bounce back.

Hyperliquid (HYPE)

HYPE experienced a slight decline today but remains one of the top-performing tokens this month. The altcoin recently reached a new all-time high (ATH) and is now 9% away from breaking that record again, with the price currently sitting at $44.02.

The MACD, which has been flipping between bearish and bullish momentum, is currently noting a bullish crossover. This makes HYPE likely to bounce off the support at $39.02. This could set the stage for a potential breach of $44.02 and the formation of a new ATH around $50.00.

HYPE Price Analysis. Source: TradingView

However, if investors decide to sell off their holdings, HYPE’s price could slip through the support of $39.02, then $36.47, potentially dropping to $31.26. This would invalidate the bullish outlook and hinder any further price growth for the token.

SPX6900 (SPX)

SPX price fell by 15.5% in the last 24 hours, trading at $1.36. After barely missing the all-time high (ATH) of $1.77, the altcoin is now heading toward the $1.20 support level. This decline follows broader market corrections and could potentially extend further if momentum weakens.

The Relative Strength Index (RSI), previously in the overbought zone, indicated a correction was imminent after a 50% rise. As the RSI returns to the positive zone, the bullish momentum is likely to resume. This suggests a rise to a new ATH could be in the cards for SPX in the near term.

SPX Price Analysis. Source: TradingView

However, if the broader market conditions fail to align with SPX’s momentum, a decline through the $1.20 support would push the altcoin to $0.98. Such a move would invalidate the current bullish outlook, shifting the market sentiment toward a potential bearish trend.

Immutable (IMX)

IMX is moving in the opposite direction from other altcoins. After a 15% decline in the last 24 hours, the altcoin is 21% away from reaching the all-time low (ATL) of $0.34. This downturn suggests the potential for another dip, continuing its bearish trend in the short term.

While forming a new ATL for the second time in two months, IMX could experience a bounce similar to previous occurrences. The last time the altcoin formed a new ATL, the RSI nearly entered the oversold zone, which resulted in a reversal and a sharp price increase. A similar scenario is expected soon.

IMX Price Analysis. Source: TradingView

However, for IMX to recover from the new ATL, rising demand from investors or favorable market conditions will be necessary. Without this support, a further drop below the $0.39 and $0.34 support levels could solidify the downtrend, leading to the formation of a new ATL.

The United States is showing strong signs of an imminent recession. According to Steve Hanke, Professor of Applied Economics at Johns Hopkins University, it will arrive by the end of this year.

The former Reagan advisor argues that, though inflation levels are low, the regime uncertainty caused by current tariff policies is spooking investment. The current version of the Trump budget bill would aggravate the fiscal deficit. Paired with insufficient growth in the monetary supply and the already weak labor market, it would worsen US economic prospects. 

Economic Slowdown on the Horizon

Alarming economic indicators continue to surface regarding the health of the United States economy. The Organisation for Economic Co-operation and Development (OECD) recently reported that global economic prospects are weakening.

The United States’ numbers caused significant alarm. The OECD expects its GDP growth to slow from 2.8% this year to 1.5% in 2026. Hanke predicts the number will be lower. 

According to him, the underlying economic challenges are multi-faceted and have been developing for years. Hanke further believes that certain economic policies from the Trump administration and the Federal Reserve will either exacerbate the current situation or prove insufficient to change the US’s financial trajectory.

How do Trump’s Unpredictable Trade Policies Undermine the Economy?

Trump’s inconsistent and unpredictable approach to tariff policy—often involving changing stances on their application and followed by reversals—is a primary factor contributing to the United States’ weakening economic prospects.

“The fact that he’s gone on kind of a, shall we say, tariff tantrum, is a big thing that causes economic growth to slow down,” Hanke told BeInCrypto.

Fundamentally, tariffs on imported goods are equivalent to taxes on international transactions. Though global trade is inherently a win-win situation for both the buyer and the seller, by imposing tariffs, this disruption ultimately harms the United States’ economy.

“What does the tax do? It rips part of that surplus out of the market, takes it, and puts it in the government treasury. As a result, you have fewer transactions. If you tax something, you get less of it, to make a long story short. So international trade will slow down,” Hanke added.

In the meantime, the situation will also spook investor confidence.

The Impact of Policy Instability on Market Confidence

In Hanke’s words, the current administration’s unpredictable approach to policy creates “regime uncertainty.”

“There’s so many things that the Trump administration [is] changing or threatening to change, and they are also changing their mind all the time… you don’t know exactly the degree to which they’re changing things because they bob and weave back and forth,” he explained.

Seeking market calm, investors withhold crucial investments.

“When you have that, investors that are investing in, let’s say, a new factory or something, hunker down and say, ‘well, we’re going to wait and let the dust settle to see what’s going to happen.’ They stop investing,” Hanke added.

This regime uncertainty has also affected the bond market. Over the past two months, it has experienced a surprising sell-off, notably at odds with the current stable inflation rates.

Adding to policy unpredictability, an aggravated fiscal deficit is now a critical headwind for the US economy, raising concerns among investors and the political opposition.

Trump Reconciliation Bill to Worsen Fiscal Deficit Crisis

According to the Bipartisan Policy Center, the federal government’s fiscal deficit reached $1.1 trillion by April 2025, a 13% increase from last year.

The federal fiscal deficit hit $1.1 trillion in April 2025, a 13% increase from last year. Source: Bipartisan Policy Center.

More alarmingly, these heightened rates further inflate the United States’s already $36 trillion national debt. Despite these concerning numbers, if passed, the latest version of Trump’s One Big Beautiful Bill will only add to the existing deficit rather than cut it down.

“Trump is what I call a fiscal nincompoop. He doesn’t pay any attention to the deficit levels… We have a budget that is carrying with it a huge debt load, and the markets are focusing on that. So that’s part of the regime uncertainty. What is going to happen with the federal government’s budget? That’s part of what’s going on,” Hanke told BeInCrypto.

Beyond fiscal concerns, the Federal Reserve’s monetary policy also plays a crucial role in the economic outlook.

Will Interest Rate Cuts Be Enough to Avert Economic Downturn?

Hanke believes that as the economy slows and the labor market weakens, the Federal Reserve will become less hawkish and reduce interest rates. 

While some financial market and Wall Street forecasters anticipate two rate cuts by year-end, he estimates there will be more aggressive cuts. Basing his prediction on the federal funds futures market, Hanke foresees these reductions, likely ranging from 50 to 150 basis points, as early as September.

“We had a very weak labor market report [recently], and the Federal Reserve keeps its eye on the labor market. That’s a key thing. So as the economy slows down and the labor market gets weaker, the Fed will become more dovish,” Hanke said.

However, he also emphasized that focusing solely on interest rates is a misguided approach for the central bank.

Reassessing Monetary Policy

Hanke described Chairman Powell’s focus on interest rates as a “misguided approach.” Instead, the real determinant of economic activity and the key to effective monetary policy lies in the money supply. 

“The big problem is that the Fed does not pay attention to the growth rate and the money supply. They contend that there’s not much of a connection between changes in the money supply and changes in economic activity, which is false,” he said, adding, “It’s like fuel for the economy. If you slow the fuel down going into an engine, the engine slows down.”

He believes that by allowing the money supply to grow appropriately from the current 4.1% growth to his golden growth target of 6&, the Fed can provide the necessary “fuel” for economic expansion, steering the US away from a looming recession.

“The Fed is still engaged in what they call quantitative tightening– shrinking its balance sheet and reducing the rate of increase in its contribution to the money supply… what the Fed should do is drop quantitative tightening completely and increase the rate of growth,” Hanke explained.

Ultimately, his insights illustrate the urgent need for a fundamental recalibration of economic strategy, warning investors to prepare for significant ongoing market adjustments.

Steve H. Hanke is a Professor of Applied Economics at Johns Hopkins University. His most recent book, with Matt Sekerke, is Making Money Work: How to Rewrite the Rules of our Financial System, and was released by Wiley on May 6.

Crypto US stocks are showing mixed signals amid the escalating Iran-Israel conflict, with Circle (CRCL), Galaxy Digital (GLXY), and Riot Platforms (RIOT) all reacting to heightened market volatility. CRCL has surged over 250% since its IPO and is approaching a key resistance at $118.95.

In contrast, GLXY has been down more than 21% since its Nasdaq debut, while RIOT dropped over 9% in the last 24 hours, in tandem with Bitcoin’s pullback.

Circle Internet Group (CRCL)

Circle’s USDC stablecoin is now live on the XRP Ledger, marking a major step in cross-chain integration and stablecoin adoption.

The native launch—requiring no bridges—brings USDC directly to XRPL’s fast, low-cost infrastructure, allowing institutions and developers to access liquidity through Circle APIs and Circle Mint.

CRCL Price Analysis. Source: TradingView.

Ripple and Circle emphasized their shared focus on regulatory compliance and financial accessibility. Ripple aims to capture 14% of global SWIFT liquidity by 2030.

Meanwhile, Circle’s stock (CRCL) has surged more than 250% since its IPO, riding the momentum from its expanding stablecoin footprint and successful integrations.

Price action is now approaching key technical levels, with resistance at $118.95 in sight—if broken, a push to $123.25 could follow. However, if the support at $106.30 fails, CRCL could retrace to $101.51.

Galaxy Digital (GLXY)

Galaxy Digital (GLXY) has struggled to gain momentum since debuting on the Nasdaq, currently down more than 7.4% over the last five days and over 21% since its listing.

Despite this price weakness, Galaxy CEO Mike Novogratz remains deeply bullish on Bitcoin. In a recent CNBC interview, he stated that “Bitcoin will replace gold” and could eventually reach $1,000,000. He described Bitcoin as a fully institutionalized macro asset benefiting from a global shift away from the U.S. dollar.

GLXY Price Analysis. Source: TradingView.

Technically, GLXY is nearing a key support zone. If the current downtrend continues, the stock could test $18.27, and a break below that may push it down to $17.99.

On the upside, a reversal could see GLXY retest resistance at $18.77. If that level is cleared with strength, the next targets would be $19.56 and $20.11.

Riot Platforms (RIOT)

Riot Platforms (RIOT) has remained active on multiple strategic fronts, despite recent market pressure. The company recently appointed Jonathan Gibbs as its new Director of Data Center, signaling a major step toward expanding its digital infrastructure beyond Bitcoin mining.

With over 15 years of experience and a track record across North America, Europe, and Asia, Gibbs will lead Riot’s push into artificial intelligence and cloud data center markets—an effort backed by a pipeline of 1.7 gigawatts in available power.

At the same time, Riot recently disclosed it reduced its stake in Bitfarms to 14.3%, possibly reallocating resources to fund its long-term pivot toward broader tech infrastructure, including hyperscale data centers and AI-driven platforms.

RIOT Price Analysis. Source: TradingView.

Still, RIOT’s stock has taken a sharp hit, dropping more than 9% in the last 24 hours as Bitcoin declined amid rising geopolitical tensions between Israel and Iran.

If sentiment recovers, the stock could rebound toward resistance at $10.86—and if that level breaks, a move toward higher ground may follow.

On the downside, continued weakness could push RIOT toward support at $9.52, and a break below that would expose it to deeper losses near $7.93.

The total amount of Solana coins held on exchange addresses has surged to its highest level in the past 14 days. This uptick in exchange-held balances suggests that more investors are preparing to offload their SOL holdings amid a cooling crypto market.

The spike in exchange balances comes amid the broader market retreat that has weighed heavily on investor sentiment. With the market struggling to maintain momentum, SOL is poised to extend its price decline. 

SOL Investors Prepare to Sell

Over the past several days, digital assets have struggled to maintain upward momentum. This has dampened investor interest and triggered an uptick in SOL’s exchange-held balance. It now sits at 31 million SOL, its highest in two weeks.

SOL Balance on Exchanges. Source: Glassnode

When an asset’s exchange balance spikes, more of its coins ot tokens are being deposited into centralized exchanges. This is seen as a bearish signal, as traders typically move tokens to exchanges when they intend to sell.

Solana exchange balance climbing to a 14-day high confirms that its investors are preparing to exit their positions amid weakening market sentiment.

Moreover, SOL’s futures funding rate has turned negative for the first time in over a week, confirming the resurgence in bearish pressure. According to Coinglass, this is currently at -0.0006%.

Solana Funding Rate. Source: Coinglass

The funding rate is a periodic fee paid by traders in perpetual futures contracts to keep the contract price aligned with the underlying asset’s spot price. A negative funding rate indicates short positions are in higher demand than longs. 

This trend highlights the mounting selling pressure on SOL and hints at a possible continuation of its price fall. 

Bearish Pressure Mounts on SOL 

SOL’s rising exchange inflows and negative funding rates paint a cautionary picture for its near-term performance. If bearish pressure gains, SOL’s price could breach the support at $142.59 and fall toward $123.49.

SOL Price Analysis. Source: TradingView

However, if the bulls regain dominance, they could drive a rebound to $171.88.

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee to read what experts say about Bitcoin (BTC) relative to the dollar index (DXY) amid Trump’s tariff uncertainties and prevailing geopolitical tension in the US. Investors perceive Bitcoin as a hedge against currency devaluation, but recent developments put this outlook into question.

Crypto News of the Day: Every Pocket of Money Will Flow Into Bitcoin as Fiat Collapses, Max Keiser Says

In a recent report, Coinbase said that Bitcoin’s upward trend will continue through the second half (H2) of 2025. According to the US-based exchange, tailwinds will draw from macro factors and corporate adoption.

The report highlights key trends that, according to Coinbase, would define crypto markets in H2.

Focusing on an improving macroeconomic outlook, Coinbase cited reduced recession risks as the first trend. The platform noted a more optimistic US economic growth outlook, particularly as the Federal Reserve (Fed) is likely to cut interest rates by late 2025.

It cited rising liquidity metrics such as the US M2 money supply and expanding global central bank balance sheets.

“…conditions are unlikely to cause asset prices to revert to 2024 levels,” read an excerpt in the report.

This implies Bitcoin’s upward trend will likely continue. Coinbase also pointed to strong short-term corporate demand. The report highlighted companies increasingly viewing crypto as an asset allocation tool.

With nearly 228 public companies holding 820,000 BTC globally, and others investing in ETH, SOL, and XRP, Coinbase anticipates more growth for Bitcoin. Against this backdrop, BeInCrypto contacted experts for insights.

Speaking to BeInCrypto, Bitcoin pioneer Max Keiser echoed the sentiment, calling it an example of how Bitcoin is entering a new era of institutional-led price discovery. 

“Each and every pocket of money sitting in private, corporate, institutional and sovereign accounts will convert into Bitcoin as the 300-year experiment in fiat money and central banking crashes into oblivion,” Max Keiser told BeInCrypto.

Meanwhile, recent developments align with Keiser’s remarks concerning fiat money crashes. Data on TradingView shows the US dollar index (DXY) is falling, testing levels last seen in 2022.

The latest drop brings April headlines to mind, when Trump pushed to remove Federal Reserve Chair Jerome Powell.

As it happened this week, the subject resurfaced, with rumors floating the current US Treasury Secretary Scott Bessent as a potential candidate.

These rumors remain unconfirmed. However, as reported in a recent US Crypto News publication, additional forces may also be at play, including the uncertain status of US-China trade deals.

Additional factors include the Israel-Iran war, which, as another US Crypto News publication explains, threatens to exacerbate inflation in the US by influencing oil prices.

Meanwhile, amid the geopolitical tension, Bitcoin’s position as a safe haven during a crisis is in question, with gold proving a more preferred choice among investors.

Charts of the Day

Dollar Index (DXY) Performance YTD. Source: TradingView

This chart shows a steady drop in the US dollar index since January, recording a progressive slope to 98.46 as of June 13.

US DXY drops to March 2022 levels. Source: TradingView

This chart shows the US DXY has dropped to levels last seen in March 2022 after rising past the 122 level in 2023 and topping out around 110 in January 2025.

Byte-Sized Alpha

Here’s a summary of more US crypto news to follow today:

As global political tension heightened, the crypto market suffered wiping away $200 billion in 24 hours. Meme coins were not spared from the impact of Israel’s attack on Iran as their collective value fell by $6 billion to stand at $60 billion at the moment.

BeInCrypto analyzed three meme coins for investors to watch as they present bullish cues despite today’s correction.

Fartcoin (FARTCOIN)

Launch Date – October 2024

Total Circulating Supply – 999.99 Million FARTCOIN

Maximum Supply – 1 Billion FARTCOIN

Fully Diluted Valuation (FDV) – $1.13 Billion

Contract Address – 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump

FARTCOIN’s price has been down 15.5% over the last 24 hours, trading at $1.14. The meme coin is struggling to reclaim the $1.20 support level. Despite recent declines, it still has the potential to rebound if it can stabilize above this crucial price point amidst current market volatility.

The presence of Parabolic SAR below the candlesticks indicates potential for an uptrend. This could help FARTCOIN reclaim $1.20 as support, offering a pathway for further price recovery. If market conditions stabilize, the meme coin could push upward and regain some of the lost ground in the short term.

FARTCOIN Price Analysis. Source: TradingView

However, if investors panic sell, FARTCOIN’s price may continue to drop, potentially falling to $1.00. This would invalidate the bullish outlook and hinder any potential recovery for the meme coin. The price decline could deepen, leaving investors cautious and uncertain about the altcoin’s future trajectory.

Animecoin (ANIME)

Launch Date – January 2025

Total Circulating Supply – 5.53 Billion ANIME

Maximum Supply – 10 Billion ANIME

Fully Diluted Valuation (FDV) – $242.21 Million

Contract Address – 0x37a645648df29205c6261289983fb04ecd70b4b3

ANIME is down 21.3%, becoming one of the biggest losers of the day. Currently trading at $0.0241, the meme coin is holding above the critical support level of $0.0230. However, ongoing market conditions and investor behavior could influence the altcoin’s ability to maintain this support.

The Ichimoku Cloud below the candlesticks indicates that bullish momentum has not completely faded. This could help ANIME reclaim the $0.0268 level as support and recover its losses if market conditions improve. The presence of the cloud suggests potential for a rebound, but investor sentiment will be key.

ANIME Price Analysis. Source: TradingView

If bearish market conditions persist, ANIME could fall below the $0.0230 support, potentially reaching $0.0201. This drop would invalidate the bullish outlook and further deepen the price correction. 

Small Cap Corner – Goatseus Maximus

Launch Date – October 2024

Total Circulating Supply – 999.99 Million GOAT

Maximum Supply – 1 Billion GOAT

Fully Diluted Valuation (FDV) – $102.46 Million

Contract Address – CzLSujWBLFsSjncfkh59rUFqvafWcY5tzedWJSuypump

GOAT, like many meme coins, has faced significant losses due to macro bearish market conditions, falling 17.8% in the last 24 hours. The altcoin is currently trading at $0.102. Its price action has been largely impacted by broader market trends, particularly Bitcoin’s movements.

GOAT’s correlation to Bitcoin stands at 0.70, meaning it tends to follow BTC’s price movements. This makes GOAT vulnerable to declines if Bitcoin falls, but opens up recovery opportunities if BTC experiences a rally. The cryptocurrency’s price may react strongly to Bitcoin’s fluctuations, which influences investor sentiment.

GOAT Price Analysis. Source: TradingView

If Bitcoin’s bullish trend continues, GOAT could bounce off the support at $0.102 and rise toward $0.117. This would allow the meme coin to recover some of its losses and potentially push higher. However, if Bitcoin’s price declines, GOAT could drop to $0.089, invalidating the bullish outlook.

Gold prices surged while Bitcoin (BTC) slipped sharply as escalating geopolitical tensions sent shockwaves through global markets.

It suggests investors rush to traditional assets to hedge against financial losses, raising concerns about Bitcoin’s safe-haven status.

Gold Approaches New Highs Amid Israel-Iran War

Crypto markets crashed, recording liquidations reaching $1 billion after Israel’s latest attack on Iran. As of this writing, Bitcoin traded for $104,830, down nearly 3% in the last 24 hours.

Bitcoin (BTC) Price Performance. Source: BeInCrypto

Similarly, the Ethereum price crashed 10% after the attack, exacerbating the liquidations.

In contrast, gold is rising. It is approaching new highs as the precious metal attempts to reclaim its position as the go-to haven during geopolitical stress.

“The deterioration of the geopolitical situation has caused a surge in gold prices,” stock analyst Mary noted.

She emphasized that critical support levels are $3,420, $3,402, and $3,380. A break above $3,440 potentially opens up a move toward the $3,468–$3,493 range during the US session. As of this writing, gold was trading for $3,422.

Gold price performance. Source: TradingView

Gold price could extend higher as the Israel-Iran tension threatens to escalate. Notably, following Israel’s attack on Iran’s nuclear sites and military leadership, Iran warned of a “lethal” response.

To make matters worse, the US and North Korea appear to be taking sides. On the one hand, North Korea reportedly pledged military support for Iran. The country is slamming Israel’s actions, which show the need for a military response.

Pamphlets, a USSR State-affiliated media, noted that according to North Korea’s President Kim Jong Un, this is an issue of freedom. Kim had previously called Israel a cancer and a threat to world peace.

Notably, Iran is a member of the SCO, a mutual defense treaty that includes China and Russia. Against this backdrop, Beijing calls out the Israeli aggression on Iran as violating international law.

On the other hand, the US appears to be siding with Israel, despite its vested interest in diplomacy. CNN reported that Trump said he does not want Israel to target Iran as negotiations on a potential nuclear deal continue.

“I want to have an agreement with Iran. We’re fairly close to an agreement. … As long as I think there is an agreement, I don’t want them going in because that would blow it. Might help it, actually, but also could blow it,” CNN reported, citing Trump.

Reports link political anchor Bret Baier to the assertion that Trump is backing Israel.

This suggests that Trump may announce something different later today. Notwithstanding, Iran is committed to retaliating, raising the red flag of revenge.

The red flag is associated with mourning and martyrdom in Shia Islam. However, following the 2020 US drone strike that killed General Qasem Soleimani, a prominent Iranian military leader, red flags were raised as a symbol of revenge. The practice is tied to the supreme leader’s calls for retribution.

Safe Havens Revisited As Risk-Off Sentiment Dominates

The mounting crisis has fueled a stark divergence in asset performance. Gold is soaring while crypto is bleeding. Analysts are warning traders to watch for signs of weakening bullish momentum. This is especially if Europe’s trading session fails to maintain strength.

“The geopolitical situation is unstable, and brothers must strictly control the stop loss when trading independently,” analyst Mary warned.

The sentiment shift, favoring gold relative to Bitcoin, aligns with recent remarks from Marcin Kazmierczak. The co-founder and COO of RedStone told BeInCrypto that Bitcoin may not be ready to replace gold or bonds as a haven.

“With correlations ranging from -0.2 to 0.4, Bitcoin demonstrates a variable relationship with equities rather than providing the consistent negative correlation truly needed for effective portfolio protection,” Kazmierczak told BeInCrypto in the interview.

He said Bitcoin can add diversity to a portfolio but will not reliably protect against market crashes.

While some crypto proponents have argued that Bitcoin is digital gold, recent price action suggests it still behaves like a high-risk asset in acute uncertainty.

As tensions escalate and markets react, the contrast between gold’s rise and Bitcoin’s retreat shapes new narratives around safe-haven assets.

Investors are signaling a preference for the historical security of precious metals over the volatility of digital assets in times of crisis.

Coinbase Institutional identifies three major trends that will shape the crypto market in the second half of 2025: an improving macroeconomic outlook, rising short-term corporate demand, and increasing regulatory clarity.

It says these dynamics could lead to significant growth and structural shifts across the digital asset ecosystem.

3 Trends Set to Define Crypto Markets in H2 2025

An improving macroeconomic outlook with reduced recession risks is the first trend highlighted by Coinbase.

“We could see an economic slowdown or mild recession this year – if not avoid a recession altogether – rather than a severe recession or stagflation scenario,” the report stated.

The crypto market cap as a percentage of global liquidity. Source: Coinbase

It notes a more optimistic US economic growth outlook, particularly as the Federal Reserve (Fed) is likely to cut interest rates by late 2025.

Given rising liquidity metrics like US M2 money supply and expanding global central bank balance sheets, Coinbase believes “conditions are unlikely to cause asset prices to revert to 2024 levels,” implying bitcoin’s upward trend will likely continue. This fosters crypto market capitalization growth, especially with controlled inflation and supportive fiscal policies.

Strong short-term corporate demand is the second factor, as companies increasingly view cryptocurrencies as an asset allocation tool. According to Coinbase, approximately 228 public companies hold 820,000 BTC globally, with some investing in ETH, SOL, and XRP.

Per Galaxy Digital, about 20 companies employ leveraged funding strategies pioneered by Strategy (formerly MicroStrategy). Updated FASB accounting rules allow digital assets to be recorded at fair market value, replacing prior loss-only recognition and encouraging corporate participation.

A new trend is the rise of publicly-traded crypto vehicles (PTCVs), focused solely on crypto accumulation via equity and convertible bond issuance. However, this brings risks: forced selling pressure (due to bond debts) and discretionary selling (eroding market confidence).

Short-term risks are also low, as most debts mature between 2029 and 2030. With reasonable loan-to-value ratios, large firms can refinance without liquidating assets, supporting continued crypto accumulation in 2H25.

Outstanding debt of select corporates by final maturity dates. Source: Coinbase

A clearer regulatory roadmap is the third trend, with significant progress in stablecoin and market structure legislation.

Unlike the prior “regulation by enforcement” approach, the White House and Congress are advancing a comprehensive framework. Moreover, stablecoin laws, via the STABLE Act and GENIUS Act, are expected to be a breakthrough, establishing reserve requirements, anti-money laundering compliance, and user protections.

These bills may be unified by August 2025. Crypto market structure laws, like the CLARITY Act, clarify CFTC and SEC roles, building on FIT21.

XRP recently experienced a decline that wiped out the gains made earlier in the week. This drop, coupled with investor panic selling, has intensified market concerns. 

However, despite these challenges, many traders appear unaffected by the recent developments and continue to focus on capitalizing on price rises.

XRP Investors Move To Sell

Over the last 24 hours, investors sold a significant 116.72 million XRP, worth more than $256 million. This panic sell-off stemmed from fears that the price would continue to fall, prompting traders to exit before facing further losses. The broad market correction contributed to this rush to sell as holders attempted to safeguard their profits.

This large-scale selling shows rising uncertainty among XRP holders, especially as the altcoin faces downward pressure. Although the market conditions are not favorable, traders appear to be acting out of fear rather than clear analysis. This uncertainty could result in more volatility in the coming days unless a recovery emerges.

XRP Balance On Exchanges. Source: Glassnode

Despite the bearish market and the selling from investors, XRP’s funding rate remains positive. This is a clear indication that there is still a group of traders confident in the cryptocurrency’s potential, even during a market dip. These traders are likely betting on the eventual price increase, showing their conviction in the long-term growth of XRP.

The ongoing positive funding rate suggests that many believe the downturn will be temporary. Their continued support, even amidst a market correction, highlights the potential for XRP to regain momentum. The fact that there is still buying interest signals that traders are focused on capitalizing on future price increases, potentially leading to a recovery.

XRP Funding Rate. Source: Coinglass XRP Price Decline Could Be Reversed

At the time of writing, XRP’s price is down 8% over the last four days, trading at $2.11. The altcoin is holding above the critical support of $2.08, though recent selling pressure could continue to weigh on the price.

A loss of the local support level of $2.08 could trigger a deeper decline for XRP. In this case, the altcoin might even test $2.00, marking a two-month low. Such a move would suggest continued weakness in the market, further worrying traders and investors about the future direction of XRP.

XRP Price Analysis. Source: TradingView

However, if XRP manages to hold above the $2.08 support, it could bounce back, just as it has in the past. A recovery past $2.13 would signal the possibility of a trend reversal, allowing XRP to rise towards $2.20 and potentially invalidate the bearish outlook.

Cryptocurrency has transformed wealth creation over the years. While the sector is often noted for its volatility and high-risk investments, its humanitarian potential is frequently overlooked.

Beyond financial markets and speculative bets, many crypto millionaires have used their wealth to support humanitarian causes, making significant contributions to global challenges. These individuals are not solely focused on profits but are dedicated to improving society, funding initiatives in healthcare, education, and more.

Vitalik Buterin

Vitalik Buterin, the co-founder of Ethereum (ETH), has become a poster child for crypto philanthropy with his substantial donations to humanitarian causes. In April 2021, Buterin donated 100 ETH and 100 Maker (MKR) (worth $650,000 at the time) to the India COVID-Crypto Relief Fund set up by Polygon CEO Sandeep Nailwal.

He contributed another $1.2 billion in May through 50 trillion Shiba Inu (SHIB) tokens. Additionally, the executive transferred 500 ETH, valued at approximately $1.9 million. Buterin has also established a charity called Kanro. It seeks to support research and initiatives on combating infectious diseases, particularly after the COVID-19 pandemic.

Other recipients included GiveWell, which received 13,292 ETH. Methuselah Foundation was granted 1,000 ETH and 430 billion Dogelon Mars (ELON) tokens. Moreover, the Machine Intelligence Research Institute received 1,050 ETH.

Beyond this, Buterin has also supported Ukraine. In April 2022, he donated around $5 million to two charities.

“VitalikButerin donated almost $2.5 million in ETH to AidForUkraine 2 days ago, and didn’t say a word! He’s also donated $2.5 million to Unchainfund. Thanks for your enormous help, Vitalik, and thank you for creating Ethereum,” the charity announced.

In 2022, Buterin gave the University of Maryland $9.4 million in USDC to fund research on preventing airborne pathogen spread. BeInCrypto reported in August 2024 that Ethereum co-founder Buterin donated 200 ETH ($532,000) to an animal welfare fund.

The next month, he pledged to donate all the earnings from the Layer 2 (L2) and associated project tokens he holds.

“I haven’t sold and kept the proceeds since 2018. All sales have been to support various projects that I think are valuable, either within the ethereum ecosystem or broader charity (eg, biomedical R&D). The above also applies to L2 tokens or other project tokens I hold (incl not-yet-liquid): all proceeds will be donated, again either to support public goods within the ethereum ecosystem or broader charity (eg, biomedical R&D),” Buterin said.

The philanthropist raised over $2 million in October by selling a portion of his meme coin holdings. Again, the proceeds were directed towards charitable causes.

“I’m happy to be adoptive father to Moo Deng as she grows up over the next 2y and support her with my 10M THB donation, maybe more as I set aside 88 ETH,” he posted in November 2024.

Earlier this year, Buterin sold 28 meme coins and donated approximately 984,000 USDC to his charity, Kanro.

Chris Larsen

Chris Larsen is the co-founder and executive chairman of Ripple Labs. He has made significant contributions to various charitable causes throughout his career. In 2014, Larsen committed to donating 7 billion XRP (XRP) to an undisclosed charitable cause.

In 2018, Larsen and Ripple responded to an email from Charles Best, the founder of the nonprofit DonorsChoose.org, with a generous $29 million donation to the organization. The organization helps fund public school projects across the US.

To address the growing needs caused by the COVID-19 pandemic, Larsen and Ripple donated $1 million each to five local food banks in San Francisco in 2020.

The following year, the executive, his wife Lyna Lam, and the nonprofit foundation, Rippleworks, gave San Francisco State University $25 million in XRP.

“Larsen, as an alumnus, and Lam, whose two sisters and several other family members attended, are longtime supporters of SF State. The gift will be largely made through the digital asset, XRP, and is believed to be the largest gift ever made in a digital asset to a university in the US,” the announcement read.

In June 2025, Larsen made headlines again with a $9.4 million donation to San Francisco’s police department. This donation aimed to upgrade the police department’s surveillance technology, including funding a new Real-Time Investigation Center (RTIC).

Ripple Labs itself has also been actively involved in philanthropy. In May 2025, the company pledged $25 million in RLUSD to support teachers and classrooms.

Through these donations, both Larsen and Ripple Labs have demonstrated a deep commitment to using their crypto wealth and resources to support various causes, from education and food security to technological advancements and public safety.

Yam Karkai

Yam Karkai co-founded the World of Women (WoW) NFT project. It was created to address the underrepresentation of women and minorities in the crypto space. 

Since its launch, WoW has become one of the most well-known projects in web3. It has donated $3 million to non-profit organizations.

In 2021, WoW partnered with Code Green to leverage NFTs to promote sustainability, social and environmental change, focusing on diversity, transparency, and measurable impact.

In 2022, WoW launched its emergency fund with $500,000 committed to humanitarian aid in conflict zones. The fund was equally distributed among Ukraine, Palestine, Myanmar, Uganda, and Yemen.

Other significant contributions from WoW include its involvement in a Women and Climate auction, where the project donated the total proceeds of 44.1 ETH to various organizations dedicated to climate activism and environmental sustainability. WoW also contributed $120,000 to Outright International, which supports LGBTQIA+ rights globally.

Thus, through her work with the WoW crypto project, Karkai has not only amplified women’s voices in the crypto space but also made significant donations to humanitarian causes globally.

Today, Ethereum has suffered a double-digit price decline as escalating geopolitical tensions between Israel and Iran rattle investor confidence across global markets. 

On-chain data reveals that ETH’s sharp decline has sparked a surge in short positions across its futures market, signaling that many traders are now betting on further price losses.

ETH Crashes Amid Middle East Turmoil

The airstrike launched by Israel on Friday has intensified fears of broader conflict in the Middle East, sending shockwaves through both traditional and digital asset markets. 

ETH, the second-largest cryptocurrency by market cap, has been hit hard, plunging over 10% in the past 24 hours as traders respond to growing geopolitical uncertainty.

On-chain data suggests that many traders expect this price dip to continue, as reflected by the coin’s long/short ratio readings. At press time, this stands at 0.86, indicating more traders are betting against the altcoin.

ETH Long/Short Ratio. Source: Coinglass

This ratio compares the number of long and short positions in a market. When an asset’s long/short ratio is above 1, there are more long than short positions, indicating that traders are predominantly betting on a price increase.

Conversely, as seen with ETH, a ratio below one indicates that most traders are positioning for a price drop. This shows the heightening bearish sentiment and growing expectations of a continued decline.

Furthermore, ETH’s negative Balance of Power (BoP) supports this bearish outlook. At press time, this momentum indicator is at -0.69, confirming the waning demand for the leading altcoin among market participants. 

ETH BoP. Source: TradingView

The BoP indicator measures the strength of buyers versus sellers in the market. A negative BoP reading suggests that selling pressure dominates, indicating a lack of fresh demand and a higher likelihood of continued price decline.

Market Awaits ETH’s Next Move

At press time, ETH trades at $2,523, holding just above the support floor at $2,424. If sell-side pressure strengthens, the coin could break below this floor, potentially triggering a further drop toward $2,027.

ETH Price Analysis. Source: TradingView

Conversely, a renewed wave of buying interest could invalidate the bearish outlook. In that case, ETH might rebound and rally toward $2,745.