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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ZIGChain adds Ondo tokenized stocks and ETFs to its ecosystem.Partnership expands onchain access to US financial markets.Rollout begins in phases across selected ZIGChain applications.ZIGChain announced on Monday that it is integrating with Ondo Finance to bring tokenized US stocks and exchange-traded funds (ETFs) to users across its blockchain ecosystem, expanding access to on-chain versions of traditional financial assets.The partnership combines ZIGChain’s infrastructure for regulated investment products with Ondo Finance’s tokenized securities platform, extending their shared goal of making publicly traded US assets more accessible through blockchain technology.According to the companies, the integration strengthens ZIGChain’s broader real-world asset (RWA) ecosystem, which already includes Valdora Finance’s Liquid RWA Vaults and Beehive’s tokenized small and medium-sized enterprise private credit pipeline.Partnership expands tokenized asset ecosystemZIGChain said the integration aligns with its strategy of bringing established financial products onchain rather than creating entirely new investment instruments.Ondo Finance has developed infrastructure that enables publicly traded US stocks and ETFs to be represented as programmable blockchain-based assets.Through the partnership, these tokenized products will become available across the ZIGChain ecosystem, with a particular focus on expanding access for users in the Gulf Cooperation Council (GCC) region and beyond.The companies said the collaboration is designed to provide onchain exposure to institutional-grade financial products while reducing traditional barriers such as intermediaries and minimum investment requirements.“The next phase of onchain finance is not about replicating access that institutions already have. It is about taking those instruments and making them genuinely accessible to a broader universe of participants, through transparent, scalable onchain infrastructure, without the minimums and intermediaries that have always stood in the way,” said Abdul Rafay Gadit, Co-Founder, ZIGChain.“Ondo has done the hard work of bringing these products onchain. ZIGChain is the infrastructure through which that reaches a new generation of users. For us, this is deeply aligned with our mission: to make high-quality financial opportunities more open, more programmable, and more globally accessible.”Ondo aims to broaden distributionOndo Finance said expanding access to tokenized securities across new blockchain ecosystems is a core part of its strategy.The company, which focuses on tokenizing real-world assets, has built infrastructure intended to bridge traditional financial markets with decentralized networks.Through Ondo Global Markets, investors outside the United States can gain economic exposure to US stocks and ETFs using blockchain-based tokens backed by the corresponding underlying assets.“Bringing tokenized US stocks and ETFs to new ecosystems and user bases is core to what the Ondo Global Markets platform enables. ZIGChain’s infrastructure gives investors across the GCC onchain exposure to the world’s most in-demand securities, with the execution quality and transparency that institutional markets demand. This is exactly the kind of distribution that expands the reach of tokenized finance where it matters most,” said Oya Celiktemur, EMEA Director, Ondo Finance.Rollout to begin in phasesAccording to the announcement, access to Ondo-tokenized products through ZIGChain will be introduced gradually, beginning with selected ecosystem applications and partners before expanding more broadly over time.The companies noted that the integration does not represent a token launch and does not guarantee investment returns or yield.Underlying assets are issued by Ondo Global Markets (BVI) Limited, while ZIGChain does not custody the underlying real-world assets.The partnership comes as blockchain companies continue to focus on tokenizing traditional financial instruments, seeking to combine regulated market exposure with…

Strategy bought 1,550 BTC after a rare 32 BTC sale.Bitcoin is stabilising near $63K after a sharp 20% monthly drop.Analysts split on whether the $60K support will hold or break lower.Bitcoin has been moving through a volatile stretch marked by sharp liquidations, uneven recovery attempts, and conflicting signals from both technical indicators and institutional activity.The latest development is Strategy’s decision to purchase 1,550 BTC worth about $101.3 million shortly after a controversial small sale of 32 BTC.Strategy’s return to accumulation after a rare Bitcoin saleAccording to an SEC filing dated June 8, Strategy’s latest purchase of 1,550 BTC was at an average price of $65,332 per coin.Notably, this followed a short-term sale of 32 BTC, which generated about $2.5 million and was linked to funding corporate obligations, including preferred-share dividend payments.The sale drew attention because it marked a rare departure from the company’s long-standing accumulation narrative.Now with the disclosed purchase, Strategy appears to have quickly resumed buying, increasing its total holdings to roughly 845,000 BTC.The contrast between the small sale and the much larger purchase has become central to market interpretation.The Michael Saylor’s company remains the largest corporate holder of Bitcoin, and its return to buying after the rare sale has been interpreted by traders as an attempt to reinforce confidence at a time when Bitcoin is still recovering from a sharp drawdown.Bitcoin stabilises after liquidation-driven crash, but trend remains uncertainBitcoin is currently trading around $63,800 after a turbulent week that saw it fall to around $59,300 after failing to hold above $62,00.Over the past seven days, Bitcoin has declined about 10.9%, while the 30-day drop stands near 20.8%.At the same time, the market has shown signs of stabilisation after a heavy deleveraging phase.Open interest in Bitcoin futures has dropped significantly, falling from about 901,000 BTC to roughly 716,000 BTC.This decline reflects widespread liquidation of leveraged positions rather than sustained new short positioning.During the same period, Bitcoin briefly rebounded after triggering more than $500 million in short liquidations in a single move.However, analysts, including Xanrox, have pointed out that the price structure still shows breakdowns from both ascending and descending channels, a technical setup often associated with continued downside risk rather than immediate recovery.Bitcoin price analysis by Xanrox Source: Tradingview/XanroxDespite this, Bitcoin has held near the $60,000 region, which is also close to its long-term 200-week moving average.Historically, this level has acted as a key zone during major market resets, making it a closely watched area for both bulls and bears.Analysts remain divided on whether the crash has endedMarket interpretation remains split between two major views.One side argues that the recent move represents a late-stage capitulation event.This perspective is supported by the sharp drop in leverage, falling volatility, and liquidation-driven selling rather than sustained spot demand weakness.On the other hand, analysts like Xanrox have warned that the breakdown in trend structure suggests the correction may not be complete.According to this view, Bitcoin could still revisit lower levels if the $60,000 support zone fails to hold consistently.Potential downside targets in case of a further decline include $54,000 and $52,000, with more extended bearish projections reaching toward the $48,000 area if macro pressure intensifies and ETF outflows continue.The post Bitcoin price prediction: Is Strategy’s 1,550 BTC buy a bullish signal after the crash? appeared first on CoinJournal.

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Zcash’s Orchard pool bug, undetected since 2022, sent ZEC crashing 52% to $303.The proposed Ironwood upgrade lets anyone verify ZEC’s 21 million coin supply cap.Analyst Yashu Gola warns of a rising wedge pattern, with $314 as the key support.Zcash (ZEC) suffered one of its worst weeks in recent memory last week.The privacy-focused cryptocurrency plunged from around $635 to a low of roughly $303 in a matter of days after Shielded Labs, a nonprofit developer on the Zcash network, disclosed a critical bug in its Orchard shielded pool, the part of the system responsible for hiding transaction details.The bug, which had gone undetected since 2022, could have allowed an attacker to mint an unlimited amount of fake ZEC without detection.However, by Monday, June 8, ZEC had clawed back a significant portion of those losses, trading around $442 at press time, a roughly 45% rebound from the June 5 low.The rebound followed two key developments: an emergency patch to address the vulnerability and the introduction of a new upgrade proposal called Ironwood.Nevertheless, the token is still down approximately 19.7% over seven days and 26.2% over the past 30 days, leaving plenty of ground to recover.What the Ironwood upgrade actually doesThe emergency patch was a coordinated effort.Shielded Labs, the Zcash Foundation, and the Zcash Open Development Lab pushed through network upgrades within days of the disclosure, working alongside mining pools ViaBTC and Foundry to get it done quickly.But fixing the bug was only step one.On June 6, those same groups formally proposed the Ironwood upgrade as a longer-term solution to restore confidence in Zcash’s coin supply.Ironwood would create a brand-new privacy pool built on the repaired code and effectively shut down the old Orchard pool, blocking any new coins from being created there.Once active, anyone running Zcash software would be able to aggregate balances across the old and new pools and independently verify that no more than the maximum supply of 21 million ZEC is in circulation.The upgrade could also serve as a forensic tool of sorts.As users migrate their coins out of the old pool, any counterfeit ZEC that might have been minted would either show up when it tries to move or get stranded and effectively destroyed.Shielded Labs has said it believes the vulnerability was never exploited, though that has not been confirmed definitively.Developers have not committed to a timeline yet, noting that building, testing, and coordinating the upgrade across the network will take time.Here’s why the rebound may not holdWhile the price recovery looks sharp on paper, technical analysis shows a warning sign.ZEC appears to be forming a rising wedge pattern on the four-hour chart. The pattern is characterized by higher highs and higher lows within a narrowing range and often signals that buying momentum is fading rather than strengthening.Zcash price analysisNotably, after rebounding, ZEC has struggled to establish sustained momentum above the $420-$430 area, suggesting buyers are finding it difficult to push decisively higher.If the price breaks below the wedge’s lower trendline, the measured downside target lands near $314.That $314 level is not arbitrary. On the weekly chart, it aligns with the lower trendline of a broader ascending triangle and sits near the 0.236 Fibonacci retracement drawn from the approximately $700 swing high to the $200 swing low.If ZEC holds above $314 during a pullback, bulls can argue that the broader structure remains intact.But a decisive break below that level opens the door to a deeper slide toward the $250–$200 support zone.For bulls to keep the recovery on track, ZEC needs to defend wedge support and clear $450 convincingly.The 7-day range tells the full story of just how volatile this period has been: $303.80 on the low end and $635.49 on the high end, a spread of more than $330 within a single week.The fundamental damage from the bug disclosure should not be underestimated either.Zcash’s core value proposition rests on privacy…

Key takeawaysEthereum continues its downtrend after breaking key support levels and testing a low of $1,505 last week.The broader crypto market remains under pressure following last week’s massive dump.The cryptocurrency market starts the week on a weak footing, with Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) continuing to trade under heavy selling pressure following steep declines last week. Bitcoin lost more than 14%, Ethereum dropped over 15%, and XRP shed more than 13%, leaving technical indicators firmly tilted toward further downside risks. BitMine boosts Ethereum holdings with largest ETH purchase of 2026Ethereum treasury company BitMine Immersion Technologies significantly expanded its holdings last week, purchasing 126,971 ETH as the second-largest cryptocurrency declined toward the $1,500 price region.The acquisition marks BitMine’s largest weekly Ethereum purchase of 2026, underscoring the firm’s continued commitment to accumulating the digital asset despite recent market volatility.Following the latest purchase, BitMine’s total Ethereum holdings have climbed to 5.54 million ETH. The company stated that it now controls approximately 4.59% of Ethereum’s circulating supply, moving closer to its long-standing objective of owning 5% of all ETH in circulation.According to the firm, it remains on track to achieve that milestone before the end of the year, further strengthening its position as one of the largest corporate holders of Ethereum.Ethereum slides below critical support areasEthereum is also extending its bearish trend, trading around $1,684 after breaking several key support levels below. The second-largest cryptocurrency remains firmly below its 50-day, 100-day, and 200-day EMAs, currently positioned near $2,058, $2,189, and $2,441, respectively.The concentration of these moving averages above current price levels suggests that any recovery attempts could face strong selling pressure. Meanwhile, Ethereum’s daily RSI sits at 50, indicating a neutral market condition, while the MACD remains deeply negative, reinforcing the dominance of bearish momentum.For bulls to regain control, Ethereum would need to overcome several resistance levels:Immediate resistance at $1,747.Psychological resistance at $2,000.50-day EMA near $2,058.100-day EMA around $2,189.200-day EMA near $2,441.On the downside, the next significant support level is located around $1,385, a zone where buyers could attempt to slow or reverse further declines if selling pressure intensifies.The post Ethereum remains under pressure after double-digit weekly losses appeared first on CoinJournal.

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Key takeawaysEthereum continues its downtrend after breaking key support levels and testing a low of $1,505 last week.The broader crypto market remains under pressure following last week’s massive dump.The cryptocurrency market starts the week on a weak footing, with Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) continuing to trade under heavy selling pressure following steep declines last week. Bitcoin lost more than 14%, Ethereum dropped over 15%, and XRP shed more than 13%, leaving technical indicators firmly tilted toward further downside risks. BitMine boosts Ethereum holdings with largest ETH purchase of 2026Ethereum treasury company BitMine Immersion Technologies significantly expanded its holdings last week, purchasing 126,971 ETH as the second-largest cryptocurrency declined toward the $1,500 price region.The acquisition marks BitMine’s largest weekly Ethereum purchase of 2026, underscoring the firm’s continued commitment to accumulating the digital asset despite recent market volatility.Following the latest purchase, BitMine’s total Ethereum holdings have climbed to 5.54 million ETH. The company stated that it now controls approximately 4.59% of Ethereum’s circulating supply, moving closer to its long-standing objective of owning 5% of all ETH in circulation.According to the firm, it remains on track to achieve that milestone before the end of the year, further strengthening its position as one of the largest corporate holders of Ethereum.Ethereum slides below critical support areasEthereum is also extending its bearish trend, trading around $1,684 after breaking several key support levels below. The second-largest cryptocurrency remains firmly below its 50-day, 100-day, and 200-day EMAs, currently positioned near $2,058, $2,189, and $2,441, respectively.The concentration of these moving averages above current price levels suggests that any recovery attempts could face strong selling pressure. Meanwhile, Ethereum’s daily RSI sits at 50, indicating a neutral market condition, while the MACD remains deeply negative, reinforcing the dominance of bearish momentum.ETH/USD 4H ChartFor bulls to regain control, Ethereum would need to overcome several resistance levels:Immediate resistance at $1,747.Psychological resistance at $2,000.50-day EMA near $2,058.100-day EMA around $2,189.200-day EMA near $2,441.On the downside, the next significant support level is located around $1,385, a zone where buyers could attempt to slow or reverse further declines if selling pressure intensifies. The post Ethereum remains under pressure after double-digit weekly losses appeared first on CoinJournal.

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Key takeawaysXRP climbed to around $1.15 on Monday as retail traders cautiously returned to the derivatives market.XRP futures open interest increased from $2.28 billion to $2.44 billion, signaling renewed speculative activity.Ripple (XRP) edged higher on Monday, trading around $1.15 as risk appetite showed tentative signs of recovery across the cryptocurrency market. While broader sentiment remains fragile, derivatives data suggest retail traders are gradually returning to the market after weeks of caution.The modest recovery comes amid a challenging macroeconomic backdrop and renewed geopolitical tensions that continue to weigh on investor confidence.Geopolitical risks keep investors on edgeRisk-off sentiment remains the dominant market theme as digital assets struggle to sustain gains following a brief rebound over the weekend. Investor caution intensified after Israel and Iran exchanged strikes for the first time since the ceasefire agreement reached on April 8.Despite the cautious environment, XRP derivatives activity recorded a modest increase. Open Interest (OI) in XRP perpetual futures rose to an average of $2.44 billion on Monday, up from $2.28 billion previously. The increase suggests traders are gradually re-entering the market and taking on additional exposure, even as uncertainty remains elevated.The rise in futures positioning points to renewed speculative interest, although the increase remains relatively modest compared to previous bullish periods.Ripple price forecast: XRP faces heavy technical resistanceAlthough XRP has managed to rebound toward $1.15, the broader technical picture remains bearish.The token continues to trade below its key moving averages, including the 50-day EMA at $1.33, 100-day EMA at $1.41, and the 200-day EMA at $1.63These levels create a significant overhead resistance zone that could limit upside momentum.Additional bearish signals come from the SuperTrend indicator, which remains negative around $1.26, and a descending trendline whose breakout point is located near $1.52. Together, these indicators suggest that rallies may continue to encounter selling pressure.Technical momentum indicators continue to favor the bears. The Relative Strength Index (RSI) is hovering near 32 on the daily chart, reflecting weak buying momentum despite the recent bounce. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram remains below the zero line, reinforcing the prevailing bearish trend.These indicators suggest that downside risks remain elevated unless XRP can reclaim key resistance levels.XRP/USD 4H ChartWhile XRP has shown resilience by reclaiming the $1.15 level, the token remains trapped within a broader bearish structure. Improving derivatives activity and continued ETF inflows offer encouraging signs, but weak market sentiment and persistent geopolitical uncertainty continue to cap upside potential.For a stronger recovery to develop, XRP will need to overcome multiple resistance barriers while broader risk appetite across the crypto market improves. Until then, traders remain focused on whether support around $1.05 and the critical $1.00 threshold can withstand further selling pressure.The post XRP climbs above $1.15 as derivatives activity improves despite market fear appeared first on CoinJournal.

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BitMine tripled its weekly ETH buy to 126,971 tokens, now holding 4.59% of supply.Only 11% of ETH supply is in threefold profit, the lowest reading since Feb 2017.A weekly close below $1,500 could push ETH toward the $1,000 support zone.The Ethereum price dropped to a low of $1,522 last week before bouncing back within the $1,670–$1,712 range at the beginning of this week.While the recovery is modest, the ETH price is still down 15.3% over the past seven days and 28.1% over the past 30 days. From its all-time high of $4,946 set in August 2025, the token has now shed roughly 66% of its value.Yet while most retail traders were heading for the exit, BitMine Immersion made a huge purchase.BitMine makes its biggest ETH buy of 2026According to the circulated press release, BitMine (NYSE: BMNR) acquired 126,971 ETH last week, tripling its previous week’s purchase of 26,497 ETH.That brings the company’s total holdings to 5,543,872 ETH, approximately 4.59% of Ethereum’s total supply.BitMine has stated it intends to reach 5% ownership before the end of 2026, meaning it sits at 92% of that target today.Currently, the company values its ETH position at roughly $9.04 billion.Of that, 4,718,677 ETH, worth about $7.7 billion, is actively staked through BitMine’s MAVAN institutional staking platform at a current 7-day yield of 2.99%, generating a projected $230 million in annualized staking revenue.Chairman Tom Lee has said that at full scale, staking rewards could reach $270 million annually.Lee’s reasoning for the buy is straightforward. He said the price decline “does not reflect the strengthening of Ethereum’s fundamentals,” adding that the current environment represents the early stages of what he calls a “crypto spring.”Lee also made a case for Ethereum’s longer-term relevance in the age of AI, arguing that as AI systems become more capable, demand for hardened, decentralized infrastructure will grow, and that Ethereum is positioned to benefit.What the Ethereum price charts and on-chain data are sayingDespite the institutional buying, the technical picture for the Ethereum price remains bearish.On the daily chart, ETH is trading well below its 20, 50, and 100-day exponential moving averages (EMAs), which are clustered between $1,874 and $2,178.The 14-day RSI sits around 27, and the Stochastic oscillator is at 26, both in oversold territory, though neither has confirmed a reversal.ETH price chart with RSI and EMAsThe MACD reads -143.07, sitting below its signal line of -118.76, while the Aroon Oscillator is at -78.57, indicating sellers still have the upper hand.Ethereum price chartThe on-chain data reinforces just how stressed this market is.Only about 11% of Ethereum’s supply currently sits at a threefold profit margin, the lowest reading since February 2017.Crypto analyst Ali Charts flagged this exact condition, posting on X that ETH trading below the 0.8 MVRV pricing band is a “high-probability long-term accumulation zone.”He also identified a TD Sequential buy signal, which can suggest seller exhaustion, though it does not by itself confirm a trend reversal.Ethereum $ETH below the 0.8 MVRV Pricing Band is a high-probability long-term accumulation zone.Buy the dip! https://t.co/LNkygeXO5n pic.twitter.com/2GYDUzFnQi— Ali Charts (@alicharts) June 8, 2026Analyst Ash Crypto drew a parallel between the current price action and Ethereum’s June 2022 breakdown, when the Ethereum price collapsed to $880 before bottoming out and recovering.He noted the current decline represents approximately 68% from the August 2025 peak near $4,953.Ash’s view is that if the ETH price holds the $1,500 level on a weekly closing basis, a similar recovery pattern could follow.However, he cautioned that a weekly candle closing below $1,500 could expose the next major support zone around $1,000.$ETH has only done this once before in its entire history.Back in June 2022, ETH broke through every support level and crashed to $880. Everyone gave up on it. That turned out to be the exact bottom of the whole bear market.Now…

Key takeawaysWLD is down by more than 3% in the last 24 hours and could dip lower in the near term. Derivatives metrics remain supportive, with WLD’s Open Interest rising steadily alongside a mildly growing number of long positions.Worldcoin (WLD) has declined by more than 3% on Tuesday, trading below $0.50 while holding above a cluster of key Exponential Moving Averages (EMAs). Strengthening derivatives activity and favorable technical indicators suggest the token may have room to extend its recent recovery in the near term.Rising open interest signals growing market confidenceData from CoinGlass shows that Worldcoin futures Open Interest (OI) has climbed to $406.86 million, up from $377.25 million recorded on Sunday. The metric has been trending higher since mid-May, indicating fresh capital is flowing into the market.An increase in OI is typically viewed as a sign of growing trader participation and can reinforce ongoing price trends. In WLD’s case, the surge suggests investors are increasingly positioning for additional upside.Adding to the bullish narrative, CoinGlass data shows the WLD long-to-short ratio has recovered to 1.01. A reading above 1 indicates that long positions slightly outnumber shorts, reflecting a market bias toward higher prices. Continued improvement in this ratio could further strengthen bullish sentiment.Despite the positive derivatives backdrop, some cautionary signals are emerging. According to CryptoQuant’s market summary data, both spot and futures markets are experiencing elevated retail participation and increasingly heated trading conditions. The data also points to sell-side dominance, suggesting profit-taking activity could limit the pace of any further gains.These factors may create short-term headwinds even as broader sentiment remains constructive.Worldcoin price forecast: Bulls defend key support levelsWorldcoin was trading near $0.509 at the time of writing, maintaining a bullish technical structure above a dense cluster of EMAs.The 23.6% Fibonacci retracement level near $0.504 has emerged as immediate support, sitting just below the current market price. Meanwhile, the 50-day, 100-day, and 200-day EMAs remain beneath the market, providing a strong support zone stretching from the upper-$0.30 range to the mid-$0.40 area.Momentum indicators continue to favor buyers. The Relative Strength Index (RSI) stands near 53, indicating strong bullish momentum while remaining below overbought levels.The Moving Average Convergence Divergence (MACD) indicator remains in positive territory, signaling that upward momentum is still intact.If the downtrend continues, immediate support lies at $0.459 (200-day EMA). A daily candle close above this level could expose WLD to lower levels at the mid-$0.30 area near the 100-day and 50-day EMAsHowever, if the rally resumes, initial resistance lies at $0.567, with the next target at $0.676 (38.2% Fibonacci retracement).WLD/USD 4-hour chartWorldcoin’s improving derivatives metrics, rising Open Interest, and bullish technical setup continue to support a positive near-term outlook. While elevated retail participation and selling pressure warrant caution, maintaining support above the $0.50 region could pave the way for a move toward the $0.567 and $0.676 resistance levels in the sessions ahead.The post Worldcoin eyes further upside as open interest climbs above $449m appeared first on CoinJournal.

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Key takeawaysStellar (XLM) remains under pressure despite a modest rebound following last week’s sharp correction.Derivatives data shows a bearish bias, with long-to-short ratios below 1 and funding rates turning negative for the asset. Stellar (XLM) remained under pressure on Tuesday despite staging a modest recovery following last week’s steep market-wide correction. Weak derivatives positioning and mixed on-chain signals suggest that recent gains may be corrective rather than the start of a sustained bullish reversal.Market data indicates traders continue to favor downside exposure, reinforcing a cautious outlook for both assets.Derivatives markets signal growing bearish sentimentRecent derivatives data from CoinGlass points to increasing pessimism among traders. The long-to-short ratio for XLM fell to 0.73 on Tuesday, approaching its lowest readings in more than a month. A ratio below 1 indicates that short positions outweigh long positions, highlighting expectations for further price declines.The bearish bias is further reflected in funding rates. XLM’s funding rate turned negative on Monday and continued trending lower into Tuesday. Negative funding rates indicate that short sellers are paying long-position holders, a sign that traders are increasingly positioning for downside movement.CryptoQuant’s market summary data presents a mixed but slightly negative outlook for XLM. Data shows elevated activity across both spot and futures markets, with increased retail participation and buy-side dominance. While rising buying activity may seem positive, overheated market conditions often precede short-term pullbacks, limiting the potential for a sustained recovery.Stellar price forecast: Momentum begins to fadeStellar is trading near $0.195 on Tuesday, holding above its 50-day and 100-day EMAs at $0.182 and $0.179, respectively.While this positioning supports a neutral-to-slightly bullish short-term outlook, XLM continues to face resistance at the 200-day EMA near $0.198.Technical indicators suggest momentum is cooling. The RSI sits near 45, indicating balanced market conditions. The MACD has slipped below the zero line, signaling weakening bullish momentum and raising the risk of another downside move if buyers fail to regain control.If the rally resumes, immediate resistance lies at the 200-day EMA at $0.198, with the next upside target at $0.226XLM/USD 4H ChartHowever, if the sellers stay in control, initial support is seen at $0.185, with the next level at the 50-day EMA at $0.182.A daily candle close below these levels would expose lower support zones at $1.79 and $1.43. The post Stellar faces renewed selling pressure amid bearish derivatives data appeared first on CoinJournal.

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The $54 support level is critical for the Hyperliquid price.HYPE futures open interest has fallen to $5.86B, triggering a leveraged unwind.Crypto Fear and Greed Index hit 15 as Bitcoin ETF outflows drove risk-off selling.The Hyperliquid price has dropped 11% in 24 hours to $55.35, making it one of the hardest-hit assets in an already rough day for crypto.While the broader crypto market is down, with Bitcoin falling 3.1% toward the $62,000 zone, HYPE’s losses were nearly four times larger; a pattern that tends to show up when a high-beta asset catches a deleveraging wave at the worst possible time.The 7-day picture is even sharper. HYPE is down 23.7% over the past week and has now given back more than a quarter of its value from its all-time high of $75.48, set just eight days ago on June 2.Why is the Hyperliquid price declining?The clearest explanation for the size of the drop lies in the derivatives market.Hyperliquid futures open interest has dropped to $5.86 billion, a signal that leveraged long positions were being closed rather than new short bets being placed.Hyperliquid open interestAt the same time, spot volume climbed 12.5%, meaning actual selling and not just funding rate shifts were hitting the market.Traders who had built up leveraged positions during HYPE’s run to its all-time high were exiting, and the exits compounded each other.Interestingly, the price drop was not driven by any negative news specific to the Hyperliquid protocol itself.Daily buybacks continued as normal, and there were no reports of exploits or technical failures.It was a speculative unwind, not a fundamental breakdown.But that unwind happened against a difficult macro backdrop.The broader market continues to struggleThe Crypto Fear and Greed Index fell to 15, deep in extreme fear territory, down from 47 just a month ago, and total crypto market capitalisation dropped 2.24% in 24 hours to approximately $2.13 trillion.Traders were pulling back ahead of the Federal Reserve’s June 16–17 meeting, with CME FedWatch data showing a 98.2% probability that rates would stay unchanged.Geopolitical tension added to the pressure after President Donald Trump indicated the US would respond to Iran allegedly shooting down an American Apache helicopter near the Strait of Hormuz.Adding to the backdrop, the Hyperliquid Policy Centre (HPC) filed a joint comment letter with venture firm Paradigm on June 9, pushing back on a proposed rule from FinCEN and the Office of Foreign Assets Control that would implement anti-money laundering and sanctions requirements for stablecoin issuers under the GENIUS Act.The GENIUS Act was signed into law in July 2025, establishing a federal framework for payment stablecoins, with implementation expected by January 2027.The April-proposed rule would require stablecoin issuers to maintain AML programs, file Suspicious Activity Reports, and have the technical capability to block, freeze, or reject transactions violating US law, across both primary and secondary markets.HPC and Paradigm’s objection centres on the secondary market scope.In permissionless blockchain environments, issuers can see wallet addresses and transaction amounts, but they cannot identify who is actually transacting.As the filing put it: “Issuers are subject to strict liability for transactions they cannot meaningfully police.”The groups propose keeping heavier compliance obligations on the primary market, where issuers have direct customer relationships, and want a narrower approach in secondary markets, with the Travel Rule applying to pseudonymous wallet transfers only when operators have a direct relationship with the parties involved.They also suggested that smart contract-level compliance measures, including address blocklists and transfer restrictions, should be recognized as sufficient, and that money laundering provisions should not extend to protocol developers and on-chain infrastructure participants.HPC and Paradigm warned that if issuers are held responsible for every secondary-market interaction on…

Key takeawaysThe oversold technical conditions may limit the pace of the decline, but the broader market structure remains bearish. The structure will remain bearish unless BTC can reclaim the $64,000 region and build momentum back above key moving averages. BTC Extends Losses Ahead of Key US Inflation Data Bitcoin (BTC) continued its decline on Wednesday, trading below $61,500 as renewed geopolitical tensions in the Middle East and persistent institutional selling kept risk sentiment subdued. Investors are also preparing for the release of the US Consumer Price Index (CPI) data for May, which could significantly influence expectations for Federal Reserve policy. Renewed Middle East tensions keep risk assets under pressureGeopolitical concerns intensified after the United States conducted what it described as self-defense strikes against Iran following the downing of a US Apache helicopter in the Strait of Hormuz. Iran’s Islamic Revolutionary Guard Corps (IRGC) responded by saying it had targeted an airbase in Jordan hosting US forces, as well as locations in Kuwait and Bahrain, and warned of further escalation if US actions continue.Market participants are closely watching the upcoming US inflation data. Economists expect the May CPI report to show another increase in consumer prices, partly due to elevated energy costs linked to the Middle East crisis. If inflation comes in hotter than expected, it could strengthen expectations that the Federal Reserve will maintain a hawkish stance and keep interest rates elevated for longer. Higher borrowing costs tend to reduce liquidity and make yield-bearing assets more attractive relative to risk assets, potentially adding further pressure on Bitcoin. Institutional demand remains weak. According to CoinGlass, US-listed spot Bitcoin ETFs recorded net outflows of $77.44 million on Tuesday, following $91.37 million in outflows earlier in the week.These withdrawals extend a broader trend of persistent weekly outflows from spot Bitcoin ETFs, suggesting that large investors remain cautious amid macroeconomic uncertainty and geopolitical risks.Bitcoin technical outlook: Bears retain controlThe BTC/USD 4-hour chart is bearish and efficient as Bitcoin maintains a clearly bearish near-term structure. Price remains well below all three major moving averages, while a former upward trendline near $73,004 has turned into resistance, reinforcing the view that the medium-term uptrend has been broken. The RSI near 38 indicates oversold conditions that could slow the decline, but it does not yet signal a confirmed reversal. The MACD remains in negative territory, although downside momentum appears to be moderating, increasing the risk of consolidation rather than an immediate recovery. BTC/USD 4H ChartIf the bulls regain control, immediate resistance is seen at the $64,004 level, with the $72,037 zone also posing as a strong supply zone.No significant support levels are identified immediately below the current price in this setup, leaving BTC vulnerable to further downside if selling pressure persists. The post Bitcoin falls below $61k amid geopolitical tensions and ETF outflows appeared first on CoinJournal.

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Key takeawaysADA remains under pressure after last week’s 30% sell-offThe coin could dip lower if the bearish trend in the market persists.Cardano (ADA) continues to struggle on Wednesday, trading near $0.1600 and extending losses following last week’s sharp 30% decline. The cryptocurrency remains under intense selling pressure as investor confidence weakens and retail participation fades.Despite the bearish backdrop, on-chain data suggests that selling activity from long-term holders may be approaching exhaustion, potentially laying the groundwork for a future recovery.Dormant supply spike suggests capitulation among long-term holdersRecent on-chain data from Santiment shows a significant surge in dormant ADA supply re-entering circulation during early June.Several spikes in dormant supply spent exceeded 20 billion ADA, culminating in a massive 40.6 billion ADA movement on June 9, the largest recorded spike during the current sell-off.This wave of activity indicates that long-term holders who had previously remained inactive chose to move or sell their holdings amid market weakness. The surge also interrupted the growth in the average age of ADA wallets, confirming that dormant addresses became active again.While further selling from long-term holders remains possible, such spikes are often viewed as capitulation events that signal the exhaustion of selling pressure and frequently precede market bottoms.Retail sentiment toward Cardano has deteriorated significantly following last week’s decline.Derivatives data highlights the decline in speculative demand. According to CoinGlass, Cardano futures Open Interest (OI) has dropped to $348.55 million, its lowest level since November 2024. This extends a steady decline from $585.35 million recorded on May 12.A falling OI typically signals that traders are closing leveraged positions and becoming more risk-averse, reducing the likelihood of a strong recovery in the near term.ADA price analysis: Can Cardano stay above $0.1500?Cardano is trading slightly below $0.1600, maintaining a bearish trajectory after reaching a short-term peak of $0.1745 on Monday.Technical indicators continue to favor sellers. The Relative Strength Index (RSI) at 39 is approaching the oversold territory, indicating severe selling pressure.The Moving Average Convergence Divergence (MACD) remains below the zero line, confirming that bearish momentum remains dominant.While oversold conditions could trigger occasional relief rallies, there is currently no strong evidence of a trend reversal.If the rally resumes, ADA could surge past Monday’s high of $0.1745 before hitting the $0.2000 psychological level. A move back above the $0.2205–$0.2275 zone would be needed to weaken the prevailing bearish outlook.ADA/USD 4H ChartHowever, if the selloff persists, ADA could drop below Saturday’s low of $0.1486, with the major long-term support at $0.1000 also a target. A break below $0.1486 could expose ADA to a deeper decline toward the $0.1000 region.The post Cardano extends decline toward $0.15 as retail demand weakens appeared first on CoinJournal.

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Travala launches AI travel protocol for autonomous bookings.Platform supports 2.2 million + hotels with on-chain USDC payments.Developers earn 10% cbBTC rebates for AI-driven bookings.Travala has launched what it describes as the world’s first end-to-end agentic AI travel protocol, allowing autonomous artificial intelligence agents to search, book, and pay for travel services with minimal human involvement.The Singapore-based travel booking platform said the new protocol enables AI agents to access more than 2.2 million hotel listings, including properties operated by major brands such as Marriott, Hilton, and IHG.The system allows agents to complete the entire booking process independently until final payment authorization is required from the user.The launch comes as interest in agentic AI continues to grow across industries.According to Travala, the total value of agentic commerce transactions is projected to reach $8 billion in 2026 and expand to an estimated $3.5 trillion by 2031.The company also cited Morgan Stanley Research, which forecasts that autonomous “agentic shoppers” could account for up to 20% of all online retail spending by 2030.Protocol aims to automate travel bookingsAt the center of the initiative is the Travala Travel MCP, a Model Context Protocol designed specifically for agentic commerce.The protocol operates on the Base blockchain and uses the x402 protocol, an open payments standard designed to facilitate direct stablecoin payments between applications, APIs, and AI agents.According to Travala, the infrastructure enables gasless USDC transactions on Base, with settlement occurring almost instantly and transaction costs of roughly $0.01 per booking.For consumers, the technology powers an AI travel concierge that can plan, book, and manage trips through a single conversation within Claude.The company said the system maintains context across searches, bookings, and cancellations, creating a more seamless travel-planning experience.Travala added that security is maintained through ERC-7715 session keys, ensuring that AI agents can initiate payment requests while final transaction approval remains under the user’s control.Developer incentives built into the platformTo encourage adoption, Travala has introduced a developer rebate program tied to the new protocol.Developers who build and integrate AI agents with the Travala Travel MCP will receive a 10% rebate in Coinbase Wrapped Bitcoin (cbBTC) for successful bookings completed through their applications.The rebates will be settled directly onchain to developers’ wallets.The protocol also incorporates ERC-8004 technology, which the company said links an agent’s reputation to verified real-world outcomes.Travala said this creates a machine-verifiable trust layer intended to reward high-performing agents and support ecosystem integrity.Company sees broader role in agentic commerceTravala plans to expand the protocol over time by adding new travel products, including flights.The company also said its native AVA token is expected to gain additional utility as adoption of the Travel MCP grows.“The launch of the world’s first agentic AI travel protocol marks the death of the checkout button and the beginning of a truly autonomous travel economy,” said Juan Otero, CEO of Travala. “By combining our global travel inventory with the industry’s first machine-to-machine settlement protocol, we’re effectively hardcoding Travala as the default travel rail for the agentic web.”Sam Frankel, Head of Partnerships at Base, also highlighted the significance of the launch.“Base is built to be the home of the onchain economy, and Travala’s Travel MCP is exactly what that looks like in practice, devs using our infrastructure to power machine-to-machine commerce that’s seamless, autonomous, and global. We’re thrilled to see Travala lead the charge on real-world use cases for agentic payments,” he said.The post Travala launches first agentic AI travel protocol for autonomous bookings appeared first on CoinJournal.

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