Bitcoin (BTC) is down to around $73K amid ETF outflows and geopolitical tension.Over $2B in ETF outflows and $900M liquidations added selling pressure.The key support sits at $72,650 with RSI near oversold levels at 34.82.Bitcoin slipped below the $73,000 level as a combination of geopolitical escalation, heavy ETF redemptions, and large institutional sell pressure weighed on the market.At the time of writing, Bitcoin was trading around $73,235, after briefly touching an intraday low of $72,604 from a high of $74,490.The decline has extended a multi-week decline that has already erased more than 8% over the past 14 days and nearly 33% over the last year.Geopolitical shock and forced liquidations accelerate the downtrendThe sharpest part of the decline came after renewed US military strikes on Iran, which triggered a broad risk-off reaction across global markets.Crypto assets were hit particularly hard due to their higher leverage exposure.During the selloff, more than $900 million in crypto positions were liquidated, according to market data compiled during the session.The liquidations were concentrated in over-leveraged long positions, which forced additional selling into already weakening order books.This cascade effect pushed Bitcoin below the $73,000 threshold and briefly accelerated downside momentum before stabilising within the day’s range.The move also coincided with increased correlation to traditional risk assets, with Bitcoin’s correlation to the Nasdaq Composite reported at 0.96, one of the highest levels seen in recent months.Bitcoin ETF outflows deepen institutional selling pressureAlongside macro-driven volatility, institutional flows added sustained pressure on Bitcoin’s price.Spot Bitcoin exchange-traded funds recorded eight consecutive days of net outflows, marking one of the longest negative streaks since their introduction.On May 27 alone, ETF outflows reached approximately $733 million, contributing to a broader net withdrawal exceeding $2 billion since mid-May.These redemptions reflect consistent selling pressure from institutional investors, reducing exposure during the recent downturn.The largest pressure point during the session was linked to a reported $1.3 billion institutional ETF-related block trade, involving approximately 29.2 million shares of BlackRock’s iShares Bitcoin Trust (IBIT), executed at an estimated price of $43.16 per share.The trade was reportedly processed through private market channels before the impact was reflected in spot markets.Following the execution, Bitcoin dropped roughly 1.4% to 1.5% within minutes, suggesting that liquidity conditions were thin enough for large orders to influence short-term pricing.This added to the existing ETF-driven selling momentum already in place across the market.Bitcoin price outlookOver the past month, Bitcoin has declined by about 4.7%, while the 14-day drop of 8.4% points to a broader downtrend that has steadily developed in recent weeks.The asset remains well below its highs, trading roughly 42% under the $126,080 peak recorded in October 2025.Even with the pullback, market activity has remained elevated, with daily trading volume above $44 billion, suggesting that both institutional and retail participants are still actively positioning rather than exiting the market entirely.This sustained activity suggests that the current move is being driven more by repositioning and flow shifts than by a drop in overall participation.From a technical perspective, Bitcoin has broken below its 20-day, 50-day, and 100-day moving averages, reinforcing a bearish short-term structure.Bitcoin price chartThe immediate focus is now on the $72,650 support level, which represents the most recent swing low and the key area separating consolidation from deeper downside pressure.On the upside, the nearest resistance is the 50% Fibonacci retracement level at $74,332, which has now become the first meaningful barrier for any recovery attempt.If ETF outflows continue or geopolitical tensions remain elevated, a decisive…

HYPE up 38% in two weeks as ICE confirms talks with Hyperliquid.Hyperliquid’s daily trading volume has surpassed $1 billion.ICE’s CEO, Jeff Sprecher, said Hyperliquid is “bigger than Nasdaq.”The price of Hyperliquid (HYPE) has continued its strong rally after fresh comments from Jeff Sprecher confirmed that Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is in discussions with the Hyperliquid decentralised trading platform.HYPE climbed to $62.62 on Friday, marking a 9.2% gain over the past 24 hours.The token briefly traded as high as $63.25 during the session and remains close to its all-time high of $64.44 reached earlier this week on May 26.Notably, the latest move extends a broader rally that has pushed HYPE up 38.3% over the past 14 days and 55.1% over the last month.Over the past year, the token has surged more than 80%, making it one of the strongest-performing large-cap crypto assets in the derivatives sector.ICE CEO acknowledges Hyperliquid’s rapid growthThe rally accelerated after Sprecher addressed Hyperliquid during the 42nd Annual Bernstein Strategic Decisions Conference held on May 27.The ICE Founder, Chairman and CEO acknowledged the platform’s rapid growth and said the company is actively studying the market.“This Hyperliquid we’re referencing—for those who haven’t heard of it yet, it’s already bigger than Nasdaq,” Sprecher said during the conference. “We’re not intimidated by it at all. In fact, we’re in talks with them now and working to get a clearer understanding of this space.”The remarks marked one of the clearest signs yet that major traditional exchange operators are paying close attention to decentralised derivatives platforms.ICE and CME increase focus on decentralised derivativesHyperliquid has become one of the fastest-growing crypto trading platforms over the past year, largely due to strong activity in perpetual futures markets.The platform has attracted traders looking for on-chain leverage trading without relying on centralised exchanges.Recent figures from DefiLlama show the protocol now holds approximately $5.524 billion in total value locked, while daily trading volume has crossed $1 billion.Its native token’s fully diluted valuation has also climbed to nearly $60 billion as investor interest in decentralised trading infrastructure continues to grow.At the same time, ICE and CME Group have reportedly increased discussions with regulators regarding oversight of decentralised derivatives platforms, including Hyperliquid.The concerns centre on commodity-linked perpetual contracts, anonymous trading activity, and the possibility that offshore decentralised markets could influence traditional benchmark pricing systems.One area receiving attention is Hyperliquid’s oil-linked perpetual products.Traditional exchange operators are reportedly concerned that growing liquidity in decentralised commodity contracts could eventually affect price discovery mechanisms that have historically remained under-regulated futures exchanges.Despite those concerns, ICE’s latest comments suggest the company is not treating Hyperliquid purely as a competitor.Instead, the ICE operator appears to be evaluating how decentralised trading infrastructure could fit into broader financial markets as tokenised assets and blockchain-based settlement systems continue to expand.Earlier this week, CME Group also announced plans to launch futures products tied to GPU compute pricing in partnership with Silicon Data.CME CEO Terry Duffy described compute power as “the new oil of the 21st century,” highlighting how traditional exchanges are increasingly looking beyond conventional commodities.The post HYPE token price surges as NYSE parent ICE explores Hyperliquid partnership appeared first on CoinJournal.

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Hedera coin price has jumped past $0.091 on a 10.5% daily rally with rising volume.Enterprise news and BrandBoost adoption are boosting Hedera demand.The $0.10428 resistance is key for confirming further upside momentum.The latest move in Hedera (HBAR) has drawn renewed attention to its short-term technical setup after the token climbed more than 10% in 24 hours, reaching an intraday high of $0.09506.The rally was accompanied by a sharp increase in trading activity, with volume rising to more than $345 million over the same period.The gains have pushed HBAR above recent consolidation levels, breaking out of the relatively narrow trading range that had contained price action in recent sessions and signalling a potential shift in short-term momentum.Enterprise developments driving Hedera price momentumOne of the key catalysts behind the recent rally in Hedera (HBAR) has been reports surrounding a strategic development involving the Hedera Governing Council and the Hyperledger Fabric ecosystem.According to industry reports, the initiative involves intellectual property associated with Hyperledger Fabric, originally backed by the Linux Foundation, with plans to make it available as open-source software for broader enterprise adoption.Market participants have interpreted the development as a potential step toward expanding the use of Hedera Hashgraph in enterprise environments, particularly among organisations already operating permissioned blockchain systems.The prospect of connecting established enterprise frameworks with Hedera’s distributed ledger technology has been a recurring theme in recent market sentiment.At the same time, investor attention has been boosted by speculation around a potential ETF and ongoing enterprise relationships involving companies such as Accenture and FedEx.Together, these developments have reinforced the narrative that Hedera is increasingly positioning itself as enterprise-focused infrastructure rather than a project driven primarily by retail cryptocurrency cycles.BrandBoost loyalty platform launchAnother key development linked to sentiment around the HBAR price is the rollout of the BrandBoost Loyalty Platform by Hashgraph Group.The platform is designed to support real-time customer engagement through gamified loyalty systems, token-based rewards, and AI-driven interaction layers.BrandBoost is built to function on Hedera’s distributed ledger infrastructure, and it focuses on industries such as media, entertainment, telecom, and sports.The system allows brands to issue digital rewards that can be earned and redeemed through user activity, which introduces a more interactive form of enterprise loyalty compared to traditional point-based systems.The Hashgraph Group has also integrated additional technologies such as decentralised identity tools and wallet infrastructure to support these systems.Reports linked to early deployments, including pilot testing with a Latin American satellite TV provider, suggest that enterprise experimentation is already underway rather than purely theoretical.This expansion of real-world use cases has strengthened market interest in Hedera’s long-term ecosystem development, especially as it ties into consumer-facing applications rather than backend-only infrastructure.Technical breakout adds fuel to Hedera coin price movementBeyond fundamental catalysts, the recent move in the Hedera coin price also reflects a clear technical breakout from a multi-week bearish pattern.Hedera coin price analysisHBAR price chartShort-term support has formed around $0.08500, with another closely watched level at the 23.6 Fibonacci level retracement, $0.08744, after the January-February dip.On the upside, the first major resistance sits at $0.09675, followed by a more significant level at $0.10428, which has repeatedly been identified as a breakout confirmation zone.Notably, volume expansion during the breakout has been one of the key signals supporting the recent move, especially as the HBAR price pushed away from its recent range low.The…

Litecoin price has bounced as RSI nears oversold conditions.Nexus Wallet added gift card payments and privacy upgrades for LTC use.LitVM speculation and $53.30 resistance shape near-term price direction.Litecoin (LTC) traded around $51.54 on Friday morning, posting a roughly 2% gain over 24 hours, according to CoinGecko.The modest advance came while Bitcoin remained mostly flat, making Litecoin one of the better-performing large-cap cryptocurrencies in the short term.However, despite the daily rebound, the broader trend remains under pressure, with LTC still down nearly 47% over the past year.Recent Litecoin price action has been influenced by a combination of technical positioning and renewed attention around ecosystem developments, particularly the Nexus Wallet upgrade and ongoing speculation surrounding LitVM.Nexus Wallet update strengthens payment narrativeRecent developments in the Litecoin ecosystem, particularly the Nexus Wallet update linked to the Litecoin Foundation, have drawn increased market attention.The update introduces a more integrated spending experience for Litecoin holders, most notably through direct in-app gift card purchases using LTC.This removes the need for external platforms or additional conversion steps, streamlining real-world crypto payments.The wallet also builds on existing payment infrastructure, including integrations with Flexa, which enables in-store crypto payments across supported merchants.Together, these features position Nexus Wallet as a broader spending tool rather than simply a storage solution.The update also includes privacy enhancements. The wallet supports MWEB (MimbleWimble Extension Block) transactions for optional private transfers, alongside Tor routing for additional network-level privacy.This setup allows users to choose between transparent and private transactions based on preference.Market participants have largely viewed these upgrades as incremental improvements to Litecoin’s payment utility rather than immediate price catalysts.Still, the developments reinforce the broader narrative that Litecoin continues to position itself as a transactional asset rather than purely a speculative token.LitVM speculation adds optimismAlongside wallet-related utility improvements, speculation surrounding the upcoming Litecoin Virtual Machine (LitVM) has also supported sentiment.LitVM is described as an EVM-compatible zero-knowledge Layer-2 system designed to expand Litecoin’s smart contract capabilities.Although no official mainnet launch timeline has been confirmed, ongoing community discussions have kept the narrative active.At this stage, LitVM’s impact remains more psychological than structural. It has not yet produced measurable on-chain changes, but it has helped sustain investor attention during a period of otherwise limited fundamental catalysts.Technical analysisLitecoin has been trading within a relatively tight range, with intraday price action fluctuating between $50.56 and $51.99.The recent rebound was accompanied by increased trading activity, suggesting the move was not driven solely by low-volume volatility.On the upside, traders are monitoring the $53.30 level as the next key resistance zone, a level highlighted by market commentator cryptoWZRD_.A decisive move above that area would likely be needed to signal a transition from range-bound trading toward a stronger recovery phase.On the downside, a break below $51.90 could expose LTC to further weakness toward the $50.34 region, which traders view as the next key liquidity zone.Outlook: range-bound market awaiting confirmationLitecoin’s current setup reflects a market balancing technical structure against narrative-driven catalysts.The $51.90 level remains an important support threshold for maintaining the recent rebound, while resistance near $53.30 continues to represent the next major test for bullish continuation.Until either level is decisively broken, Litecoin is likely to remain in a consolidation phase driven primarily by short-term trading flows.While wallet…

Chainlink (LINK) trades near $8.92 with a 7-day drop of ~9.7%.Mastercard deal boosts adoption, but the trend stays technically bearish.The $9.02 resistance and $8.85 support define the next move.Chainlink has remained in a persistent downtrend over recent weeks, falling roughly 9.7% over the past seven days and about 43.8% over the past year.The token is currently trading near $8.92, holding within a tight 24-hour range between $8.81 and $9.06.Although short-term price action shows a modest recovery of around 1% over the past 24 hours, the broader trend remains under pressure.Against this backdrop, a new partnership with Mastercard has drawn attention from traders and institutional participants.The partnership introduces a fiat-to-crypto gateway designed to route traditional card payments directly into on-chain protocols.The system allows Mastercard’s global user base to purchase digital assets without relying on centralized exchanges as intermediaries.Instead, transactions are processed through a compliance-focused routing engine that connects Mastercard’s payment rails with Chainlink’s infrastructure and a network of fintech providers.The development has raised questions about whether it could improve long-term sentiment around LINK, particularly as technical indicators continue pointing to weakness.Institutional integration meets early accumulation signalsAlthough price action has remained weak, on-chain and institutional data present a more nuanced picture.Wallet data from Santiment shows that addresses holding at least 100,000 LINK have risen to 805, marking an 8.2% increase over seven weeks.The steady growth suggests that larger holders have continued accumulating during the downturn rather than reducing exposure.At the same time, ETF-related flows have added another layer of interest, with approximately $984,000 in inflows recorded on July 28.While the figure is not large enough to materially shift price direction on its own, it suggests institutional participation has not fully disappeared during the broader decline.Another structural factor is the Chainlink Reserve, which recently accumulated 132,002.92 LINK valued at more than $1.1 million.That brought total reserve holdings to roughly 3.91 million LINK.The reserve is funded through a combination of enterprise revenue and on-chain service usage, creating a recurring mechanism that gradually absorbs supply over time.Taken together, these developments suggest that while the broader market trend remains bearish, accumulation is occurring across multiple channels.Technical structure still controlled by sellersDespite improving institutional and ecosystem narratives, technical indicators continue reflecting a dominant downtrend.According to market analysis from Coinlore, Chainlink currently shows 13 sell signals, 3 buy signals, and 7 neutral readings across 23 indicators.Moving averages also remain firmly bearish, with all major daily exponential moving averages (EMAs) — including the 10, 20, 50, 100, and 200-day EMAs — positioned above the current price.That alignment indicates the broader trend has not yet shifted in favor of buyers.Chainlink price analysisThe Relative Strength Index (RSI) stands near 38.41, remaining in neutral territory rather than deeply oversold conditions.This suggests selling pressure has eased somewhat, but momentum behind a sustained reversal remains limited.Price structure also highlights several key technical levels.Initial resistance is positioned near $9.02, followed by $9.19. A stronger resistance zone sits around $9.82, which aligns with a key Fibonacci retracement level.On the downside, support is located near $8.85, followed by a lower structural level around $8.79. A break below that range would likely extend the current downtrend.Can the Mastercard partnership change the trend?The Mastercard integration represents a structural shift in how users interact with blockchain networks.By enabling direct fiat-to-on-chain routing, the system reduces friction between traditional payment infrastructure…

Bitcoin held near $73,000 but risks crashing lower as risks linger.Spot Bitcoin ETFs saw net outflows of $229 million for a nine-day negative streak.On-chain metrics show whale balances flat for months, signaling reduced accumulation.Bitcoin traded near $73,200 on Thursday after failing to sustain a rebound amid broader cryptocurrency selling.While BTC struggled, US stock futures edged slightly higher following reports of a potential US-Iran agreement to reopen the Strait of Hormuz, easing some geopolitical risk and supporting broader risk assets outside the crypto market.Bitcoin’s ETF outflows extend negative streakSpot Bitcoin exchange-traded funds continued to see withdrawals, extending a record nine-day streak of net outflows.US spot Bitcoin ETFs recorded net redemptions of $229 million on May 28, bringing weekly net outflows to roughly $1.3 billion.According to SoSoValue data, this would mark the third consecutive week of capital leaving BTC investment products.Notably, the sustained outflows have coincided with price pressure on Bitcoin, undermining short-term liquidity and market sentiment.On-chain analytics add further nuance to the picture. CryptoQuant data indicates that major Bitcoin holders have halted accumulation.Dolphin balances, representing mid-sized holders, have printed successive lower highs since September 2025, while whale balances have remained largely flat since February 2026.Historically, when both cohorts simultaneously pause or reduce accumulation, the market often experiences prolonged weakness as demand at higher price levels fades.What next for Bitcoin price?Analysts continue pointing to a mix of technical, options-market, and on-chain signals to assess Bitcoin’s near-term direction.Glassnode observed that Bitcoin recently retested the $75,000 “strike,” a high gamma zone where options positioning can amplify price moves. This contributed to the pullback below $73,000, with BTC briefly falling near $72,500.According to Greeks.live, the selloff occurred ahead of a major options expiry.May 29 Options Expiration Data84,000 BTC options expired, with a put-call ratio of 0.88, a maxpain point of $75,000, and a notional value of $6.2 billion.
639,000 ETH options expired, with a put-call ratio of 0.81, a maxpain point of $2,200, and a notional value of $1.28… pic.twitter.com/NNnFMy3tgx— Greeks.live (@GreeksLive) May 29, 2026Analysts continue pointing to a mix of technical, options-market, and on-chain signals to assess Bitcoin’s near-term direction.Glassnode observed that Bitcoin recently retested the $75,000 “strike,” a high gamma zone where options positioning can amplify price moves. This contributed to the pullback below $73,000, with BTC briefly falling near $72,500.According to Greeks.live, the selloff occurred ahead of a major options expiry.The on-chain analytics provider noted that the decline failed to fully extend after at-the-money implied volatility (ATM IV) briefly spiked during the drop, while longer-dated implied volatilities eased. This suggests many market participants still view the move as contained rather than the beginning of a broader structural trend reversal.Despite this, risks remain asymmetric. Options markets continue implying the potential for larger moves than spot markets have so far produced, leaving room for renewed volatility around expiries and macroeconomic developments.“The market’s next focus is on whether capital will flow back in, and whether BTC can reclaim $75,000 and ETH can retake $2,100. The settlement appears more like a “bearish unwinding”—large positions have expired—but the fact that both BTC and ETH are trading below their key resistance levels indicates that the dominant force this week has not been chasing rallies, but rather risk aversion and a retreat by longs. The market’s bullish sentiment is currently very fragile,” analysts at Greeks.live noted.Technically, analysts have identified $70,000 as a key downside level.Bitcoin Price ChartBitcoin chart by TradingViewA break below that zone could trigger…

DEXE rose more than 11% intraday to trade above $19.16, with a 32% weekly gain.Daily trading volume climbed about 38% to nearly $40 million, suggesting accumulation.Technical support sits at $15, while bulls could target $24 or higher next.DeXe (DEXE) rallied sharply on Friday, climbing toward the $20 mark as buying pressure intensified across major exchanges.The spike in volume and a string of weekly gains have drawn renewed attention from traders and analysts, who are assessing whether the asset can extend its advance or if profit-taking will cap further upside.DeXe price rises 11% amid volume spikeDeXe price jumped more than 11% to trade above $19.16 after a strong intraday advance, propelling DEXE onto CoinMarketCap’s list of top weekly movers.The token’s 24-hour performance contributed to a one-week rally that saw DeXe gain roughly 32%, placing it among the market’s notable gainers.Other top performers included Stellar (+42%), Humanity (+23%), and Injective (+21%). DeXe has also climbed more than 58% over the past month.The latest gains coincided with a notable increase in on-chain and exchange activity, with daily trading volume rising roughly 38% to around $40 million.The surge in volume suggests growing accumulation, with buyers stepping in at key levels.The combination of rising prices and stronger trading activity supports the case for continued near-term momentum and positions DEXE to challenge higher resistance zones if bullish sentiment persists.DEXE price analysisThe technical outlook for DeXe shows the token testing levels last seen in March 2025, marking a return to multi-month highs.Moving averages continue to support the broader uptrend. The 50-day simple moving average (SMA) is currently acting as a dynamic support level, while the 100-day SMA sits lower and provides a deeper technical cushion for holders.Key resistance remains near $20, followed by a more significant barrier around $24. These zones could attract profit-taking from short-term traders and may act as hurdles for further upside.DeXe PriceDeXe price chart by TradingViewOn the downside, initial support is located near $15, a level that aligns with previous consolidation and areas of intraday demand.Stronger support is positioned near the 50-day SMA around $12.84 and the 100-day SMA near $9.17. A sustained decline toward those levels would signal weakening bullish momentum and could trigger increased selling pressure.For bulls to maintain control, DEXE would need to close decisively above the $20 resistance area while sustaining elevated trading volume, reducing the risk of a rapid retracement.However, if the token fails to break above $20 and sellers regain control, the rally could lose momentum quickly.A rise in sell-side volume would increase the likelihood of a pullback toward the $15 support zone. The post DeXe price eyes $20 amid significant buy volume – can bulls sustain momentum? appeared first on CoinJournal.

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Toncoin price jumped as Bitcoin revisited support below $72,000.Bulls took advantage of Telegram-related news of a rebrand to GRAM token to push TON above $2.27.If buyers dominate, Toncoin could edge past $3.00 next.Toncoin rose by nearly 20% and touched highs of $2.27 on Monday, June 1, as traders digested a surprise rebrand announcement from Telegram’s founder.The gains for TON came even as Bitcoin and major altcoins fell sharply amid institutional capital outflows.BTC slid to lows near $71,380 after news that Strategy had sold 32 BTC, its first sale since 2022.Toncoin’s uptick signalled persistent market interest in the Telegram-backed TON blockchain despite broader market weakness.Toncoin price gains amid GRAM rebrand newsDouble-digit gains in TON’s price followed an announcement that the native token of the TON blockchain will be rebranded from Toncoin to “Gram.”The move, expected to be completed over the next three weeks, will restore a name Telegram had previously abandoned under regulatory pressure from the US Securities and Exchange Commission.“Gram was the original name of TON’s currency in the first white paper,” Durov wrote. “We’re returning to our roots — and starting a new chapter. This rebranding will pave the way for what comes next.”The rebrand is part of a “Make TON Great Again” roadmap the company recently published, which includes deeper operational involvement by Telegram.As part of that plan, Telegram disclosed its intent to become TON’s primary validator.Investors view this as a shift that could materially affect network security and on-chain activity.A community vote on the move is live.Toncoin (TON) -> Gram (GRAM)Community vote is live.Since Telegram took a leading role in TON's development, the chain got 10× faster, fees 6× lower. And now Telegram proposes one more change: renaming Toncoin to Gram – the name from the original TON White Paper that never…— TON 💎 (@ton_blockchain) June 1, 2026As was the case then, Toncoin price rose on Monday as market participants reacted to the rebrand news.Many see this as a signal of renewed institutional and consumer alignment between Telegram’s user base and TON’s native token.Telegram serves more than 950 million users worldwide; tying the token more directly to the platform increases the potential utility and distribution vectors for Gram, from in-app payments to token-based services and developer integrations.Traders interpreted the announcement as positive for token demand, prompting the swift price appreciation even as macro-driven selling pressured broader crypto markets.Toncoin price outlook: Is a new all-time high next?Technically, TON’s daily chart shows bullish momentum but with caveats.The relative strength index (RSI) on the weekly timeframe has climbed to 57, indicating strong buying pressure but approaching overbought territory.The MACD histogram remains positive, with the MACD line above the signal line, suggesting trend continuation in the short term.These indicators together point to momentum that could extend the rally while warning that a pullback or consolidation is possible if momentum exhausts.Toncoin Price ChartToncoin price chart by TradingViewKey levels to watchIf TON holds above the $2.10 support established during Monday’s session, the next near-term resistance zone sits around $3.00.As the chart shows, this is a level above which bulls could target traction towards $3.70 (100SMA) and then $6.00. TON’s all-time high is above $8.On the downside, a decisive breakdown below $2.00 would increase the likelihood of a deeper retracement.If bears breach lower support levels, losing $1.90 could significantly impact the probability of an immediate push toward previous highs.Given broader market volatility and ongoing institutional flows, traders should monitor on-chain activity and Telegram’s next operational moves for confirmation that the rebrand materially increases utility and adoption.The post Toncoin price soars as Telegram eyes TON’s rebrand to GRAM appeared first on CoinJournal.

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Bitcoin price has dipped to under $70,000 for the first time since early April.Negative triggers include ETF outflows, corporate sales, and large on‑chain transfers.With macro and geopolitical volatility persisting, bulls may struggle to reclaim recent highs.Bitcoin price dipped below the $70,000 mark early Tuesday, slumping more than 4% in the past 24 hours amid rising negative sentiment across the crypto market.The losses intensified after Monday’s slide, which was due to fresh capital flight from exchange-traded funds and a market reaction to Strategy’s BTC sale.Bitcoin dips under $70k amid $4 billion ETF outflowsBitcoin’s retreat beneath $70,000 on Tuesday marks a notable deterioration in market confidence after the cryptocurrency reached intraday highs above $82,800 in April.Since then, Bitcoin has struggled to recapture momentum amid a confluence of macroeconomic and geopolitical headwinds, including volatility in risk assets tied to the US‑Iran conflict.The bellwether token dropped to about $71,300 on Monday before extending losses to dip below $70,000.Per CoinMarketCap, the benchmark digital asset touched lows of $69,300 across major crypto exchanges. The intraday lows mark levels not seen in nearly two months.Market analysts have pointed to accelerated institutional outflows as a key driver.According to SosoValue data, spot Bitcoin ETFs have recorded more than $2.43 billion in outflows over the past month, with roughly $483 million withdrawn on Monday alone.Those flows contributed to a weekly streak that pushed total spot ETF redemptions above $1 billion, and aggregate outflows have now surpassed the $4 billion threshold since May 11, 2026.The sustained withdrawals have heightened selling pressure and reduced the speed of any recovery.Why else did Bitcoin price dump?Compounding concerns, corporate and on‑chain moves are drawing attention.Strategy, previously the largest corporate holder of Bitcoin, sold 32 BTC in May, prompting market participants to reassess supply-side risk.On Tuesday, on‑chain monitoring showed Mt. Gox transferred 10,306 BTC, worth more than $731 million, to new addresses.BREAKING: Mt. Gox just transferred 10,306 $BTC($731M) to a new wallet!https://t.co/toejNooaei pic.twitter.com/HzWU9REWCw— Lookonchain (@lookonchain) June 2, 2026CryptoQuant analysts observed that similar transfers have historically accompanied creditor repayments and distribution preparation and “did not lead to immediate selling pressure,” but the timing amid heavy ETF outflows amplified unease across trading desks.BTC price outlook – is a deeper crash next?From a price action point of view, it’s possible that the recent weakness exposes bulls to the risk of an extended slide. Currently, the coin is testing the 200-week EMA, below which a deeper crash could follow.Bitcoin PriceBitcoin price chart by TradingViewNotably, Bitcoin has lost over 12% in the past month, and a breach below the $65,000 zone would reopen March 2026 lows.BTC dropped to $64,955 in March, and fear will likely trigger further short‑term liquidation events.Conversely, a reclaim of key intraday support around $71,500 would be required to shift momentum back to buyers and set targets near $75,000 and $77,500. The 100-week EMA currently sits around $81,830.The post Bitcoin crashes below $70K as ETF exodus and Mt. Gox fears intensify appeared first on CoinJournal.

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Key takeawaysHYPE hit a new all-time high of $75 on Tuesday, driven by rising institutional demand amid broader market weakness.Grayscale has advanced plans to launch its spot Hyperliquid ETF HYPG this week.Hyperliquid’s native token, HYPE, surged to a new all-time high of $75.52 on Tuesday, extending its recent rally as growing institutional interest and expanding ecosystem activity continue to drive demand.Grayscale to launch a Hyperliquid ETFA key catalyst behind HYPE’s latest gains is increasing competition in the exchange-traded fund (ETF) market. Grayscale is preparing to enter the race with a spot Hyperliquid ETF after filing an amended S-1 registration statement with the U.S. Securities and Exchange Commission (SEC).Bloomberg ETF analyst James Seyffart noted that the amendment suggests the fund could launch in the near future, potentially within days. The proposed ETF will trade under the ticker HYPG and carry a management fee of 0.29%, undercutting competing products.Institutional appetite for HYPE has already been demonstrated by the success of Bitwise’s Hyperliquid ETF, BHYP. The fund attracted roughly $20 million in inflows on Friday, marking its largest single-day inflow since launch.After just 11 trading days, BHYP has surpassed $100 million in assets under management (AuM), supported by cumulative inflows of $81.8 million. The ETF has also generated average daily trading volumes of $35.1 million.Bitwise has further aligned itself with the Hyperliquid ecosystem by committing to hold 10% of its annual management fees in HYPE tokens on its balance sheet for at least 12 months.According to onchain analytics platform Lookonchain, Bitwise purchased an additional 336,474 HYPE tokens, valued at approximately $24.4 million, over the past 24 hours.The latest acquisition highlights continued institutional accumulation as investors seek exposure to the rapidly growing Hyperliquid ecosystem.Hyperliquid price outlook: HYPE retraces after reaching a new all-time highDespite reaching a record high of $75.52 earlier in the day, HYPE was trading at $72.28 at the time of writing, up by 1% over the previous 24 hours. However, the token remains one of the strongest-performing digital assets as institutional adoption and ETF-related demand continue to accelerate.The RSI of 65 shows that HYPE is bullish but is yet to enter the overbought region, creating room for further growth.If the bullish trend persists, HYPE could extend its rally and create a new all-time high around the $80 level.HYPE/USD 4H ChartHowever, if the pullback extends, HYPE could retest the Sunday low of $67. An extended bearish trend could see HYPE drop below $60 for the first time since May 28.The post HYPE hits new ATH as ETF momentum and institutional demand fuel rally appeared first on CoinJournal.

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Key takeawaysXRP has dropped below $1.25 after three straight days of losses, its lowest level since February 6.The bearish performance comes as the broader crypto markets remain under pressure from geopolitical tensions. Ripple’s XRP has dropped below the $1.25 support level on Tuesday after extending losses for a third consecutive day, marking its weakest price since February 6. The broader cryptocurrency market continues to face selling pressure as investors adopt a risk-off stance, driven by escalating geopolitical tensions in the Middle East.Although U.S. President Donald Trump suggested that a peace deal with Iran could be reached “over the next week,” uncertainty persists. A CNN report also indicated that negotiations between the two countries resumed shortly after Iran paused talks following Israel’s offensive in Lebanon, further contributing to market volatility.Mixed capital flows show continued institutional interest in XRPDespite the price decline, XRP continues to attract institutional inflows across digital investment products, including U.S.-listed spot exchange-traded funds (ETFs).According to CoinShares, roughly $20 million flowed into XRP-related products in the week ending June 1, making it one of only a few assets to record meaningful inflows above $1 million.At the ETF level, XRP spot products recorded $4.13 million in net inflows last week, extending a five-week streak of positive flows. Cumulative inflows have reached approximately $1.43 billion, with total net assets under management standing at $1.11 billion, according to SoSoValue data.XRP technical outlook: bearish pressure builds below key moving averagesXRP is currently trading around $1.23, remaining below its key short-, medium-, and long-term moving averages, reinforcing a bearish near-term structure.Momentum indicators also reflect continued downside pressure. The MACD histogram remains negative, while the Relative Strength Index (RSI) sits near 37, approaching oversold territory but still indicating persistent bearish momentum.If the bulls regain control, immediate resistance is seen at the 50-day EMA around $1.38, followed by the 100-day EMA near $1.45. A stronger rebound would require a break above a descending trendline near $1.52. A broader trend reversal would only be signaled if XRP can reclaim the 200-day EMA around $1.65.XRP/USD 4H ChartWhile institutional inflows continue to provide underlying support, XRP remains under pressure from broader macro uncertainty and technical weakness. With the buyers failing to defend the $1.25 support level, XRP could likely drop below $1.20 in the near term. The post XRP drops below $1.25 amid crypto market selloff appeared first on CoinJournal.

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Ethena (ENA) jumped nearly 20% after the Coinbase open-market token purchase news.Anchorage deal expands Ethena into institutional lending markets.The next key resistance level sits at around $0.1367.Ethena’s ENA token has recorded a sharp intraday jump of about 19.5%, pushing the price to roughly $0.1025 at press time.The sudden rebound has brought Ethena back into focus, especially as trading activity surged to more than $410 million in 24-hour volume, signalling a clear spike in market participation.While the broader trend remains down over longer timeframes, the short-term price action reflects a strong shift in sentiment tied to recent ecosystem developments.Coinbase Ventures’ investment in EthenaA major driver behind the latest rally is Ethena’s deepening relationship with Coinbase.Coinbase Ventures made its first-ever investment in Ethena by purchasing ENA directly on the open market, a move that immediately stood out to traders because it signalled direct alignment rather than a private funding allocation.Coinbase Ventures is proud to back @Ethena through an open market purchase of ENA. Ethena is a critical player in onchain finance, and we are excited for the closer partnership with Coinbase and USDC.— Coinbase Ventures 🛡️ (@cbventures) June 2, 2026More importantly, Coinbase is not treating Ethena as a passive investment. The two are working on a broader rollout of on-chain savings and financial products designed for Coinbase’s user base of more than 100 million accounts.This includes integration of Ethena’s synthetic dollar ecosystem into Coinbase-linked savings products, with early initiatives expected to launch within days of the announcement.The market reaction reflects how distribution can shift valuation expectations.Access to Coinbase’s retail and institutional ecosystem introduces a potential pathway for Ethena’s USDe and related yield products to reach users far beyond crypto-native platforms.That potential expansion is a key reason ENA saw a sharp repricing in such a short window.Anchorage Digital partnershipAlongside Coinbase, Ethena has also expanded its infrastructure reach through a partnership with Anchorage Digital.The collaboration introduces a framework for institutional off-chain lending using Anchorage’s Atlas platform, which handles collateral custody, risk monitoring, and liquidation controls.This setup allows institutions such as asset managers and trading firms to access crypto credit markets without taking direct custody of assets.Anchorage holds collateral within a regulated structure while Ethena manages capital deployment into lending operations.The lending system is designed to unlock new yield streams beyond Ethena’s existing synthetic dollar mechanics.It also marks a shift in strategy, as Ethena moves from purely DeFi-based yield generation toward a hybrid model that includes institutional credit exposure.Ethena’s underlying technicals remain stableWhile ENA has been volatile, the technical analysis shows no signs of instability.And looking at the Ethena charts, technical indicators show a mixed signal environment with a majority in the neutral zone.Oscillators lean slightly bearish, while moving averages are evenly split between buy and sell signals.The 14-day RSI sits at 39.56, placing it in a neutral zone where neither buyers nor sellers dominate momentum.ENA currently trades below all its exponential moving averages (EMAs), including the  10-day, 20-day, 50-day, 100-day, and 200-day EMAs, suggesting the broader structure remains bearish.Ethena price analysisOutlook for ENA price movementDespite the strong daily move, Ethena remains in a broader downtrend when viewed over longer periods.The token is still trading significantly below previous highs, and the technical structure remains mixed.Short-term indicators show momentum returning, with price action recently breaking above multiple resistance levels during the intraday rally.However, the presence of resistance from shorter-term exponential moving averages suggests that the move…

Real Finance and Anchorage Digital form RWA infrastructure pact.Partnership combines tokenization, custody, and settlement tools.Firms target institutional adoption of on-chain capital markets.Real Finance and Anchorage Digital have entered into a strategic partnership aimed at supporting the full lifecycle of tokenized assets, as institutional interest in real-world asset (RWA) tokenization continues to grow.The collaboration combines Real Finance’s blockchain-based tokenization infrastructure with Anchorage Digital’s regulated custody, treasury management, settlement, and institutional security capabilities.The companies said the partnership is designed to address key operational challenges that have slowed broader institutional adoption of tokenized financial products.Under the agreement, the two firms will work together across asset issuance, custody, settlement, servicing, and secondary market liquidity.The initiative is intended to provide a more integrated framework for institutions looking to participate in on-chain capital markets.Focus on custody and tokenization infrastructureReal Finance operates an Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain developed specifically for real-world asset tokenization.Anchorage Digital, meanwhile, is the parent company of the first federally chartered crypto bank in the United States and serves as a qualified institutional custodian.As part of the partnership, Anchorage Digital will provide regulated custody and treasury infrastructure for the Real Finance ecosystem and its native ASSET token.The companies also said Anchorage Digital will act as a foundational custody layer for tokenized financial instruments launched on the Real Finance blockchain.The arrangement is intended to support broader institutional participation by offering regulated custody services alongside tokenized asset issuance.In addition, both firms will support each other’s institutional client pipelines.Real Finance expects to generate additional demand for custody services through asset issuers and onboarding initiatives, while Anchorage Digital plans to connect institutional clients with tokenization and blockchain infrastructure solutions built on Real Finance.Companies target institutional adoptionExecutives from both companies said the partnership is focused on building the infrastructure required for institutional-scale adoption of tokenized assets.Ivo Grigorov, CEO of Real Finance, said:“Real Finance and Anchorage Digital are collaboratively building the institutional infrastructure for the next generation of tokenized financial markets. Tokenization alone is not enough. Institutions need trusted, regulated layers that integrate custody, servicing, settlement, and lifecycle management. Together we are moving the industry from experimentation toward functional on-chain capital markets and delivering the unified experience institutions demand.”Nathan McCauley, Co-Founder and CEO, Anchorage Digital, added:“RWAs are one of the clearest examples of how blockchain can modernize capital markets, but institutions need more than tokenization rails alone. They need regulated, secure infrastructure that can support custody, settlement, and lifecycle connectivity at scale. Our partnership with Real Finance brings together the core building blocks institutions need to move from isolated pilots to real onchain capital markets.”Addressing fragmentation in tokenized marketsThe companies said the tokenized asset ecosystem remains fragmented across issuance, custody, compliance, settlement, servicing, and liquidity infrastructure.According to the firms, institutions frequently cite operational trust concerns and disconnected counterparties as obstacles to wider adoption.The partnership is intended to create a more connected framework by combining blockchain infrastructure, regulated custody, treasury management, settlement capabilities, and tokenization tools.Real Finance and Anchorage Digital said the framework could support a range of tokenized asset…

BONK coin price is down 11% in a week despite new PartyBet and BONKUJI developments.BONKUJI has relaunched with a 90% card-value buyback feature.Traders should closely watch the support at $0.00000470.Despite ranking as the most trending cryptocurrency on various platforms, the price of BONK coin has been on a rather bearish trend.The BONK memecoin has struggled to gain momentum even as the project continues to expand its ecosystem through new products and partnerships.While recent developments, including a sports prediction and casino gaming partnership with PartyBet and updates to the BONKUJI platform, have generated attention within the Solana ecosystem, those developments have not translated into a meaningful recovery in the BONK price.At press time, BONK coin was trading at approximately $0.00000485 after falling 5.5% over the previous 24 hours.Notably, the decline extends losses recorded over longer timeframes, with BONK down 11% over seven days, 20.7% over 14 days, 23.3% over the past month, and more than 71% over the last year.BONK’s partnership with PartyBetOne of the most notable developments for the project came when BONK announced a partnership with PartyBet, a platform focused on Telegram-based sports prediction markets and casino-style games.The deal expands the utility of BONK beyond its role as a memecoin by introducing another avenue for community participation.Sports prediction markets have gained traction across the crypto industry as users look for alternative ways to engage with digital assets beyond simple trading.The partnership also highlights BONK’s continued push to build products within the Solana ecosystem.Over the past year, the project has evolved from being viewed primarily as a speculative token into a broader ecosystem that includes trading tools, gaming initiatives, and community-driven applications.Despite the positive headlines, the BONK memecoin price has remained under pressure.Trading volume stood at approximately $42.7 million during the latest 24-hour period, reflecting relatively muted market participation compared to periods of stronger investor demand.BONKUJI relaunch also fails to lift BONK coinAnother recent development involved BONKUJI, one of the latest products associated with the BONK ecosystem.On June 3, the official BONK account announced that BONKUJI had returned following maintenance work.The team stated that feedback from waitlist participants helped improve the platform and make it more user-friendly.The update also introduced a buyback mechanism valued at 90% of a listed card’s value while reopening access to the waitlist.While the announcement attracted attention within the BONK community and represented another step in the project’s efforts to increase engagement among users, the price remained subdued.Broader crypto market weakness weighs on BONKThe recent price action suggests that BONK has been moving largely in line with the wider cryptocurrency market.Bitcoin, the leading cryptocurrency, has declined by roughly 5% today as the broader crypto market also recorded significant declines, reflecting a risk-off environment that has pressured higher-risk assets.Memecoins have been among the hardest-hit segments of the market during recent weeks.As investor appetite for speculative assets weakened, many traders shifted capital toward larger and more established cryptocurrencies.That trend appears to have affected BONK as well, with market data showing declining trading activity alongside falling prices, a combination that often points to reduced buying demand.BONK coin price forecastAmid the bearish market conditions, technical analysts continue to focus on several key levels that could determine the next major move for BONK coin.SpearTrades recently highlighted a long-term descending support trendline that BONK had respected for more than two years.According to the analyst, the token recently slipped below that structure, creating uncertainty about its longer-term direction.The analyst identified $0.00000614 as an important…

Bitcoin ETF outflows remain negative for 11 straight days, pressuring BTC.$749 million in liquidations have accelerated the Bitcoin price drop.RSI below 18 shows oversold conditions, but trend stays bearish.Bitcoin (BTC) has been under sustained pressure, trading around the $63,548 level after a sharp multi-week decline that has erased a large portion of its recent recovery.Notably, the BTC price decline reflects a combination of institutional selling, forced liquidations, and weakening market structure that continues to dominate short-term price action.Even though technical indicators now show deeply oversold conditions, the broader flow of capital suggests that downside risk remains active.The current setup places Bitcoin in a zone where short-term relief rallies are possible, but sustained recovery has yet to form.Bitcoin ETF outflows weigh heavily on the BTC priceOne of the most consistent pressures on Bitcoin has been the ongoing withdrawal of capital from US spot Bitcoin exchange-traded funds.Data shows a stretch of 11 consecutive days of net outflows, including a single-day redemption of roughly $519 million on June 2.Over the past ten days from May 25, 2026 to June 3, 2026, Bitcoin ETFs have witnessed over 3 billion worth of outflows according to CoinGlass data.This pattern has effectively removed a major source of steady institutional demand.According to Citi analysts, ETF flows account for about 45% of weekly return variation, highlighting how strongly prices now respond to institutional positioning.With flows turning negative for nearly two weeks, Bitcoin has been left without its primary demand driver at a time when selling pressure is already elevated.This shift is important because ETFs were previously absorbing large amounts of Bitcoin supply during the recovery phase.The current reversal means that instead of acting as a stabilizing force, ETFs are now contributing to downside momentum.Without a clear return of net inflows, price stability above the mid-$60,000 range has remained difficult to sustain.Liquidations and macro pressure amplify the declineAlongside ETF outflows, leveraged positions in the derivatives market have added fuel to the downturn.More than $749.982 million in leveraged long positions have been liquidated within a 24-hour window during the sell-off, according to market data.Bitcoin liquidationsThese forced closures have accelerated price movement lower rather than allowing gradual adjustment.Bitcoin’s drop below key technical zones has triggered additional selling, reinforcing a cascading effect where falling prices lead to further liquidation pressure.At the same time, macroeconomic conditions have reduced the overall appetite for risk assets.Strong US employment data has pushed expectations for Federal Reserve rate cuts further into the future, reinforcing a “higher-for-longer” interest rate environment.This has reduced liquidity flowing into speculative markets, including crypto.In addition, geopolitical tensions, particularly renewed instability involving Iran and broader global risk concerns, have also contributed to defensive positioning across financial markets.In this environment, Bitcoin has continued to trade in line with high-risk assets rather than acting independently.Technical structure shows oversold conditions but no confirmed reversalFrom a technical perspective, Bitcoin is showing some of the most extreme oversold readings in recent months.The 14-day Relative Strength Index has dropped to around 17.7–18, a level that typically reflects heavy selling exhaustion.Historically, readings this low have often preceded short-term relief rallies.However, other technical indicators present a more cautious picture.Bitcoin is currently trading below all major exponential moving averages, including the 10-day, 20-day, 50-day, 100-day, and 200-day EMAs. This alignment signals a strong bearish trend across multiple timeframes.Bitcoin price chartLooking at the short-term Bitcoin price projections, the immediate support zone sits near…

Catapult Trade has appointed Claire “Cookie” Dang as VP of Growth and Co-Founder.Dang previously held growth and business development roles at Binance, KuCoin, and Crypto.com.The expansion is being funded in part by the KuCoin Ventures investment.Catapult Trade has appointed Claire “Cookie” Dang as VP of Growth and Co-Founder, the latest in a series of moves that have widened the trading platform’s operations following an investment from KuCoin Ventures.Dang held growth and business development roles at Binance, KuCoin, and Crypto.com before joining and will lead community growth and international expansion.Her arrival has come alongside a broader push on the company’s external presence.Catapult Trade has launched a sponsored podcast, Terminally Online, featuring Web3 founders and operators, and has assembled a media network from acquired social channels with a combined reach of over 20 million followers.The company has also run trading activity collaborations with the exchange Gate.The expansion is being funded in part by the KuCoin Ventures investment, disclosed earlier this year; terms were not made public, and the company said its funding round remains open, with proceeds also directed toward regional expansion in markets underserved by conventional financial infrastructure.Catapult Trade opened to the public in December 2025 after a pre-launch incentives campaign that built its first base of traders and creators.The platform runs on algorithmically generated price charts rather than an orderbook or live price feed.Each session’s full price path is generated in advance and committed to a cryptographic hash published before trading begins, then revealed at settlement, letting users verify that the chart was never altered mid-session.The company frames the design as a correction to conditions on memecoin launchpads, where hidden information has consistently worked against retail traders.Since launch, the platform has recorded more than $1.5 billion in cumulative trading volume and over 80,000 monthly active users, with no paid acquisition behind the figures.The platform’s chart-generation engine has passed two independent security audits, most recently by Halborn and earlier by Hashlock, with the company committing to annual reviews.A points system has run since launch, fueling speculation about a token distribution; the company has confirmed in community sessions that a token is planned, but has released no allocation or vesting details.A second product, Catapult Hyper, is in development and would extend the platform from synthetic charts into multichain token launches built on LayerZero’s omnichain fungible token standard.The build-out reflects the standards now being applied to crypto products.Where the previous cycle’s flagships rested on token speculation, the current cohort, led by names such as Hyperliquid in perpetuals and Polymarket in prediction markets, is judged on user demand and revenue.Catapult Trade is being scaled on the same terms, in a category, gamified short-session trading on verifiable charts, that has yet to see an incumbent at scale.The post Catapult Trade adds co-founder, expands operations after KuCoin Ventures investment appeared first on CoinJournal.

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Hyperliquid’s native token, HYPE, dropped below $70 on Thursday after delivering an 80% gain in May. The dip comes amid renewed weakness across the broader cryptocurrency market, where Bitcoin (BTC) slipped below $63,000 and sparked a wave of risk-off sentiment among investors.A key catalyst behind HYPE’s recent surge has been rising institutional participation. Newly launched HYPE-focused exchange-traded funds (ETFs) attracted roughly $135 million in inflows last month, highlighting growing demand from professional investors and helping drive the token into price discovery territory.While momentum remains firmly bullish, analysts caution that the rally has become increasingly stretched, even as long-term projections point toward a potential move above the $100 mark.Capital rotates from Bitcoin ETFs to Hyperliquid productsInstitutional flows reveal a stark contrast between Bitcoin and Hyperliquid investment products.Bitcoin ETFs recorded $396.6 million in net outflows on Wednesday, extending cumulative withdrawals to $4.37 billion over the past 13 trading days. The trend suggests waning institutional appetite for the world’s largest cryptocurrency amid broader market uncertainty.By comparison, HYPE-focused ETFs attracted $2.99 million in inflows on Wednesday, marking their 15th consecutive day of positive flows and bringing total inflows to approximately $140 million.The data points to a broader rotation of capital toward exchange-related tokens, as investors increasingly focus on platforms generating tangible revenue and expanding their product ecosystems.Further reinforcing this trend is the launch of Grayscale’s HYPE-focused ETF on Thursday, a development widely viewed as another sign of growing institutional confidence in the Hyperliquid ecosystem.Hyperliquid’s growth story extends beyond ETF demand. According to Hyperscreener data, the platform’s HIP-3 protocol—which enables 24/7 trading of tokenized real-world assets (RWAs), including publicly listed stocks, pre-IPO shares, and commodity perpetual futures—generated $62.63 billion in trading volume during May.The milestone marks the third consecutive month in which HIP-3 volume exceeded $60 billion, underscoring the platform’s expanding role as an “everything exchange” serving multiple asset classes.HYPE price outlook: Can HYPE reach $100?HYPE traded above $67 at the time of writing, extending a rally that has now lasted five consecutive weeks.Technical indicators continue to support a bullish outlook, although they also suggest the token may be approaching overheated conditions. The Relative Strength Index (RSI) sits at 82 on the weekly chart, deep in overbought territory, while the Moving Average Convergence Divergence (MACD) indicator remains firmly positive with expanding bullish momentum.From a technical perspective, HYPE is approaching the 127.2% Fibonacci extension level at $79.40. A decisive weekly close above this resistance could pave the way for a move beyond the psychologically important $100 threshold.Should bullish momentum continue, the next major upside target sits near the 161.8% Fibonacci extension level at $114.75, which also aligns with a long-term overhead trendline.HYPE/USD 4H ChartDespite the strong uptrend, investors should remain aware of potential downside risks. The first significant support level lies near $59.45, which previously acted as a major Fibonacci high. If selling pressure intensifies, additional support could emerge around the 78.6% Fibonacci retracement level at $47.34.For now, sustained institutional inflows, growing trading activity, and expanding product offerings continue to support the bullish case for Hyperliquid as it attempts to establish itself as one of the crypto market’s strongest-performing assets.The post Hyperliuid dips below $70, but institutional demand remains high appeared first on CoinJournal.

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Key takeawaysXLM extends its loss for a fourth straight day as retail sentiment weakens and futures positioning declines. The token remains under bearish technical pressure, but is holding above its 200-day EMA and showing fading momentum. Stellar’s XLM extends its declines for a fourth consecutive session on Thursday, as selling pressure intensified across the cross-border payments sector. The token continues to struggle with weakening retail sentiment.The broader correction highlights fading enthusiasm for remittance-focused crypto assets, which had previously benefited from narrative-driven rallies tied to institutional adoption and real-world asset tokenization themes.Retail sentiment cools as futures positioning contractsRecent derivatives data points to a sharp unwind in speculative positioning across both assets.XLM futures open interest dropped to $260.35 million on Thursday, down significantly from Monday’s peak of $358.78 million, according to CoinGlass. The steady decline suggests traders are scaling back bullish bets that had formed around optimism linked to the Depository Trust & Clearing Corporation (DTCC) partnership and asset tokenization narrative.Stellar holds key support, but momentum weakensThe XLM/USD 4-hour chart is bearish and efficient as Stellar is down 9.5% in the last 24hours. Unlike XRP, Stellar is still maintaining a more constructive technical structure, trading above $0.2110 and holding above its 200-day EMA near $0.1975.However, short-term momentum is deteriorating. The RSI has cooled sharply from overbought levels to around 44, signaling a growing bearish strength. Meanwhile, the MACD is approaching a potential bearish crossover as upward momentum continues to contract.Immediate support is anchored at the 200-day EMA, and a breakdown below this level could trigger a deeper correction toward prior consolidation zones.On the upside, a rebound from current levels could see XLM retest resistance near $0.2579, which previously capped gains in late May.XLM/USD 4H ChartXLM now sits at a technical crossroads, with weakening derivatives positioning and fading retail enthusiasm weighing on sentiment.The current market conditions remain bearish as macroeconomic conditions suggest that the ongoing selloff could continue in the near to medium term. The post XLM extends losses as weak retail demand weighs on sentiment appeared first on CoinJournal.

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Key takeawaysZEC is down 45% and is now trading around $309 per coin.The vulnerability was fixed within days, and findings suggest that actual exploitation of the bug is unlikely.Zcash Zcash fell sharply on Friday after researchers disclosed a critical vulnerability in its Orchard shielded transaction pool that could have theoretically enabled the creation of unlimited counterfeit tokens.The price dropped about 45% to $309 with most of the decline occurring shortly after the security disclosure was made public.Critical flaw found in Zcash Orchard shielded poolThe vulnerability was identified by security researcher Taylor Hornby during an audit commissioned by Shielded Labs, an independent support organization for the Zcash ecosystem.According to the report, the issue was located in the Orchard circuit, the zero-knowledge proof system that secures private transactions within Zcash’s shielded pool.The flaw allowed under-constrained inputs in elliptic curve computations, making it possible to pass invalid values as valid proofsIn a test environment, researchers were able to generate an undetectable counterfeit ZEC. The bug has existed since Orchard’s activation in May 2022. The vulnerability was patched on June 1, shortly after discovery.Despite the severity of the issue, Shielded Labs said there is no clear evidence that the vulnerability was exploited in the wild.Reasons cited include: The complexity of Orchard’s privacy system obscures transaction tracing, the bug remained undetected for years despite cryptographic scrutiny, and no confirmed anomalies in supply have been identifiedHowever, the organization acknowledged that absolute certainty is impossible due to the privacy-preserving nature of shielded transactions.ZEC dips by 45%. Will it recover soon?The ZEC/USD 4-hour chart is bearish and efficient as Zcash has lost 45% of its value in the last 24 hours.The momentum indicators have flipped bearish, with the RSI of 33 indicating an oversold condition. The MACD lines are also within the negative territory, adding further confluence to the bearish bias.ZEC/USD 4H ChartsellIf the selloff continues, ZEC could drop below the Friday low of $245 and retest the $200 pychological level.However, the bounce back above $300 indicates that the selloff could end soon. If the bulls regain control, ZEC could surge towards the first major resistance level at $413, with further hurdles around the $527 zone.The post Zcash dips 45% after critical orchard pool vulnerability raises counterfeit token risk appeared first on CoinJournal.

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Key takeawaysHoskinson clarifies social media break as ADA remains under intense selling pressure ADA is down 30% this week and could extend its selloff in the near term. Cardano fell another 13% on Friday, bringing its weekly losses to more than 30% as investors reacted to comments from founder Charles Hoskinson and broader market weakness.The decline marks ADA’s fifth consecutive day of losses, despite a notable increase in network activity and community engagement.Hoskinson clarifies that he is not leaving CardanoMarket anxiety intensified after Charles Hoskinson posted a brief message on social media stating, “I’m taking a break, TTYL,” which some investors interpreted as a potential departure from Cardano and its development ecosystem.Following the backlash, Hoskinson returned with a live broadcast to clarify that he is stepping back only from public-facing activities and social media engagement, not from his involvement in Cardano or blockchain research.He emphasized that his focus remains on addressing complex industry challenges such as the blockchain trilemma, while distancing himself from expectations surrounding ADA’s market performance.“I am not passionate about making the price of ADA go up,” Hoskinson stated during the discussion.While the market reacted negatively, on-chain and social metrics suggest the Cardano community remains highly engaged.According to Santiment data, Social dominance climbed to approximately 0.52%, the highest level recorded this year.Furthermore, daily active addresses surged to 28,459, the strongest reading in roughly four months.The spike indicates that discussions and network participation accelerated as investors responded to speculation surrounding Hoskinson’s comments.However, increased activity has so far failed to offset persistent selling pressure.Cardano price forecast: Technical outlook remains bearishFrom a technical perspective, Cardano remains in a firmly bearish trend. ADA continues to trade well below its key long-term moving averages (50-week EMA: $0.4139, 100-week EMA: $0.4967, and 200-week EMA: $0.5095)Momentum indicators also remain weak. The RSI has fallen to 22, entering oversold territory, while the MACD remains slightly positive but is nearing a bearish crossover.These signals suggest downside momentum remains dominant despite emerging oversold conditions.If the bearish trend persists, the next major support level sits near the 61.8% Fibonacci retracement at $0.1274, calculated from Cardano’s 2020–2021 bull market advance.However, the $0.1500 psychological support could serve as a short-term demand level in the near term. ADA/USD 4H ChartIf the bullish trend resumes, immediate resistance would be seen at $0.2345 (50% Fibonacci retracement) and $0.4139 (50-week EMA).A sustained break below $0.1500 would increase the risk of a deeper correction toward the $0.1274 area, while any recovery attempt would first need to overcome resistance near $0.2345 before challenging longer-term trend barriers.The post Cardano extends weekly losses beyond 30% despite community activity surge appeared first on CoinJournal.

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Hayes exited ZEC after an Orchard privacy bug raised supply doubts.He also liquidated HYPE and NEAR while rotating his portfolio.The Zcash flaw was patched, but future exploitation cannot be ruled out.Arthur Hayes, co-founder of BitMEX, has fully exited his positions in Zcash (ZEC), Hyperliquid (HYPE), and NEAR Protocol (NEAR).The decision comes at a time when the crypto market is still digesting the implications of a flaw found in the Orchard shielded pool, a core component of Zcash’s privacy system.The move has drawn attention across the digital asset space, not only because of Hayes’ profile as a macro investor, but also due to the nature of the vulnerability, which raised questions about the integrity of ZEC’s supply mechanics inside its shielded environment.Orchard vulnerability triggers uncertainty in ZcashThe trigger for the sell-off was a vulnerability discovered in the Orchard shielded pool, which is designed to enable private transactions on the Zcash network using zero-knowledge proofs.The issue raised concerns that, under certain conditions, it may have been theoretically possible to create counterfeit ZEC within the shielded system without immediate detection.While Zcash developers moved quickly to deploy an emergency patch, the core concern was not just the existence of the bug itself, but the inability to verify whether it had ever been exploited before it was fixed.Because shielded transactions are designed to be private, there is no straightforward way to retroactively audit all activity in a way that could definitively rule out past abuse.Market reaction was immediate and sharp.ZEC experienced a heavy sell-off, with its price falling by over 45% during the height of the reaction.Liquidity thinned quickly as traders rushed to reduce exposure to an asset suddenly carrying uncertainty around its supply integrity.The incident reignited a long-running debate around privacy-focused blockchain systems.While zero-knowledge proofs are widely regarded as one of the strongest cryptographic tools available for privacy, they also introduce complexity that can make historical verification of state changes significantly more difficult compared to transparent blockchains.Arthur Hayes exits ZEC, HYPE, and NEAR positionsAgainst this backdrop, Arthur Hayes confirmed that he had fully liquidated his ZEC holdings.Hayes also closed positions in HYPE and NEAR, signaling a broader portfolio adjustment rather than a single-asset reaction.Hayes described the situation in blunt terms, stating that what he previously referred to as his “Holy Trinity” thesis no longer held.The key issue for Hayes was not confirmed exploitation. Instead, it was the presence of unresolved uncertainty.Even with a patch in place, the inability to definitively prove whether counterfeit issuance had occurred prior to the fix created a level of risk he was no longer willing to carry in a privacy asset.The Holy Trinity is dead. Sadly due to the Orchard Pool exploit, I had to dump our entire $ZEC bag.
– While I think it's extremely unlikely of any minting, it cannot be formally cryptographically proved impossible
– The privacy from AI, govt, big tech narrative demands perfection…— Arthur Hayes (@CryptoHayes) June 5, 2026Alongside the ZEC exit, Hayes also liquidated positions in HYPE and NEAR.While no direct technical link was identified between those assets and the Zcash vulnerability, the simultaneous sell-off suggests a broader repositioning of capital rather than an isolated reaction.The post BitMEX co-founder, Arthur Hayes, liquidates all his ZEC, HYPE, and NEAR tokens appeared first on CoinJournal.

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