Category: News

Three XRP Setups Signaling a Potential Price Dip Under $1 in June

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XRP (XRP) charts are painting multiple bearish patterns this month with a downside target under $1. Key takeaways: XRP is forming head-and-shoulders and bear flag setups on its shorter-time frame chart. An on-chain metric is further signaling weak demand or capitulation sentiment among traders. Head-and-shoulders setup hints at 10% XRP decline Since June 5, the XRP price has formed what appears to be a head-and-shoulders (H&S) pattern. The setup develops when the price forms three peaks atop a common neckline support, where the middle peak, called the “head,” is higher…

Hungary Drops Criminal Penalties for Crypto After Orban’s 16-Year Rule Ends – Bitcoin News

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Key Takeaways Bloomberg reports that Hungary’s Tisza government scraps 8-year prison terms for crypto trading, reversing Orban’s 2025 rules. Revolut, forced out by Hungary’s validation law, now has a path to restore crypto services in 2026. New MiCA-aligned legislation is expected in the coming weeks as Hungary drafts its replacement framework. A Sharp Reversal After One Election The Bloomberg report follows the April 12, 2026, parliamentary elections in which Péter Magyar’s Tisza Party (Respect and Freedom Party) secured roughly 53% of the vote and 141 of 199 parliamentary seats, a…

World Cup Could Fuel Coinbase Prediction Markets: Bernstein

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The 2026 FIFA World Cup could mark a breakout moment for prediction markets, with Coinbase emerging as one of the biggest winners, according to a new research report from Bernstein. Published Thursday, the Bernstein analysts estimate the expanded tournament will generate more than $3 billion in incremental sports betting handle and $5 billion to $10 billion in additional consumer prediction market volume, as 104 matches transform what is typically the slowest period for online sports betting. FIFA expects the month-long tournament to attract roughly 6 billion viewers worldwide, up from…

Iran Tensions Flare and Cool as Bitcoin Reclaims $63K and Keeps Bulls Engaged

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Key Takeaways Bitcoin jumped to $62,500 on June 11, shaking off a hot U.S. inflation print and rising Middle East friction. After a Trump post at 1:28 EDT, BTC was above $63,000. May PPI jumped 1.1% via the Bureau of Labor Statistics, squeezing corporate margins and retail prices. Analysts warn that a prolonged Strait of Hormuz conflict may force central bank rate hikes and a recession. Wholesale Inflation Surges Past Forecasts Bitcoin traded sideways Thursday, shaking off escalating Middle East tensions and a hotter-than-expected producer price index. While a post-midday…

Blackrock Targets Bitcoin Yield With 0.65% Fee Covered-Call ETF

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Key Takeaways Blackrock’s BITA filing revealed a 0.65% fee and covered-call strategy tied to IBIT. BITA could expand bitcoin ETFs beyond spot exposure by offering income-focused returns. Bloomberg Senior ETF Analyst, Eric Balchunas, expects a launch soon as Blackrock races rivals ahead of July 1. Blackrock Plans Bitcoin Income ETF as Launch Race With Goldman Sachs Heats Up Blackrock has taken another step toward launching a bitcoin-linked income product, filing a fourth amendment with the U.S. Securities and Exchange Commission for its proposed Ishares Bitcoin Premium Income ETF. The fund,…

Ethereum Nears 200 Million Non-Empty Wallets Despite Market Uncertainty

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‘We Will Be Taking Kharg Island’ Trump Warning Puts Oil, Stocks and Bitcoin on Alert – Bitcoin News

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Key Takeaways Trump warned Iran on June 11 as bitcoin traders watched oil and inflation risk. BLS said PPI hit 6.5%, raising pressure on crypto, exchange-traded funds (ETFs), and rate-cut bets. Brent held near $92, but Kharg Island keeps the next oil shock in play. Trump’s new warning on Iran and a hotter 6.5% producer inflation print gave bitcoin traders a fresh macro test Thursday, with oil, stocks, and crypto all caught between geopolitical risk and rate-cut anxiety. Inflation Reprices the Trade The U.S. Bureau of Labor Statistics (BLS) said…

MassPay Taps Coinbase to Expand Stablecoin Payouts

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Cross-border payout platform MassPay and Coinbase announced a partnership on Thursday to offer stablecoin cross-border payouts. The partnership connects MassPay’s network in 180 countries with the US-based exchange’s crypto infrastructure, allowing customers to move between fiat, USDC and other digital assets, the companies said in a joint statement shared with Cointelegraph. MassPay CEO Ran Grushkowsky told Cointelegraph that stablecoins are still a small slice of the company’s transaction volume. Still, the company expects the new rails to support nine-figure payouts in the first year. He added that clients using the…

Ethereum Futures Just Hit A Record: Traders Calling The Bottom?

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Ethereum derivatives activity is flashing a fresh signal on Binance, where open interest measured in ETH terms has reached a new all-time high. The move comes as traders reassess Ethereum after a steep drawdown, even as macro and geopolitical uncertainty continue to suppress broader risk appetite. CryptoQuant analyst Darkfost said the market has become “increasingly difficult to interpret,” with investors and institutions operating against a backdrop of elevated uncertainty tied to tensions between the United States and Iran. That uncertainty is not happening in isolation. According to the analyst, deteriorating…

Bitcoin stumbles as record PPI reading clouds Fed outlook 

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Bitcoin has fallen back toward $62,500 after U.S. producer inflation accelerated beyond expectations, adding fresh uncertainty ahead of the Federal Reserve’s June policy meeting. Summary U.S. producer inflation jumped 1.1% in May, pushing annual PPI to 6.5% and weighing on Bitcoin ahead of the June Fed meeting. Bitcoin slipped toward $62,500 after the inflation report, while traders watch resistance near $65,000 and support around $60,000. Glassnode reported a 78% drop in spot Bitcoin ETF trading volume, signaling weaker institutional demand for BTC exposure. According to data from the U.S. Bureau…