Category: News

Trump’s $500M World Liberty Deal Exposes CLARITY Act Integrity Gaps

Four days before Donald Trump’s January 20, 2025, inauguration, Eric Trump signed an investment agreement selling a 49% stake in World Liberty Financial to Aryam Investment 1.  An Abu Dhabi vehicle backed by Sheikh Tahnoon bin Zayed Al Nahyan, UAE national security adviser and brother of the UAE president, for $500 million, with an initial tranche of $250 million delivering approximately $187 million to Trump-linked entities and at least $31 million to entities tied to Steve Witkoff, World Liberty Financial co-founder. Today, this transaction sit at the center of a…

Is Bitcoin price near a bottom as half of supply turns red? K33 says yes

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Bitcoin’s latest selloff pushed more than 50% of its circulating supply into an unrealized loss, according to K33 Research.  Summary More than half of Bitcoin supply now sits underwater after price briefly slipped below $60,000. Past cycles often bottomed within weeks, though Bitcoin sometimes recorded one final deeper decline afterward. Record ETP outflows and extreme fear pressure Bitcoin, while lower leverage reduces liquidation-driven market risk. More than 10 million BTC last moved above current prices after Bitcoin briefly fell below $60,000. The move also took Bitcoin under its 200-week moving…

Every Time This Bitcoin Metric Crossed This Level, The Market Bottomed — It Just Happened Again

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Bitcoin closed the week of June 5 with a nearly 20% decline — its sharpest single-week drop since the FTX collapse in November 2022 — but on-chain analyst Ali Martinez is pushing back against the prevailing fear, arguing in a technical post on X that the market is approaching a major macro accumulation cycle rather than the beginning of a deeper structural breakdown. Related Reading Martinez’s case rests on a convergence of on-chain metrics that have historically accompanied market bottoms rather than preceded further selling. Bitcoin’s decline to $59,000 —…

Equipment Finance Platform Trad.Fi to Bring $650M in Private Credit Onchain

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US-based equipment finance platform Trad.Fi announced plans to bring up to $650 million in private credit onchain over the next 48 months.  The initiative targets one of the largest and least digitized credit markets in the US, the trillion-dollar industry funding manufacturing equipment, industrial systems and residential solar installations, according to an announcement shared with Cointelegraph. Trad.Fi said the $650 million is not deployed capital but a credit pipeline that will be minted onchain, backed by committed senior credit facilities and signed Letters of Intent from anchor borrowers. The company…

The Bitcoin Rally Has A Problem: Demand Is Drying Up

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Bitcoin may need to climb back above $65,000 before any meaningful recovery can take hold — but getting there looks harder by the day. Market analyst Michaël van de Poppe said a break past that level could open the door to a rally toward the $72,000 to $74,000 range, yet the broader demand picture suggests that kind of move is far from guaranteed. Related Reading #Bitcoin is stalling beneath $65K as breaking that level would trigger a strong run to $72-74K. The $65K support level was the previous level of…

Botanix Shuts Down as Bitcoin Defi Demand Falls Short

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Botanix, a Bitcoin scaling network that set out to bring “real utility” to BTC without token incentives, is winding down after four years in operation. In a Tuesday post on X, Botanix told users to withdraw all Bitcoin and other assets by July 9, after which remaining assets will be swept and “be unrecoverable.” The decision comes despite integrations with major crypto infrastructure providers, including Chainlink, Fireblocks and Galaxy, and the launch of a consumer-facing Bitcoin neobank app. Botanix’s Spiderchain architecture combines an Ethereum Virtual Machine-compatible chain with proof-of-stake-style consensus.…

XRP News: Glassnode Flags ‘Intense Capitulation’ in XRP as Profit-to-Loss Ratio Hits 0.38

XRP News: On-chain analytics firm Glassnode has recorded XRP’s 90-day realized profit-to-loss ratio at 0.38, meaning that for every $1 of profit realized on-chain, investors are booking $2.63 in losses, and has classified the current market phase as one of “intense capitulation.” The reading sits at less than half the 1.0 equilibrium threshold that separates net-profit from net-loss regimes, and represents a near-total reversal from the ratio’s peak of approximately 50 during XRP’s 2025 euphoria phase, when realized gains dwarfed losses by an almost incomprehensible margin. Source: Glassnode on X…

Bitcoin price falls below $61K as inflation risks mount before CPI

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Bitcoin price has fallen below $61,000 on June 10 as traders cut risk exposure ahead of the latest U.S. inflation report, extending a selloff that has already pushed the crypto asset more than 50% below its October 2025 record high. Summary Bitcoin price fell below $61,000 ahead of the U.S. CPI report as traders reduced risk exposure amid inflation and Federal Reserve uncertainty. Elevated oil prices and escalating Middle East tensions added to inflation concerns, keeping pressure on risk assets. Technical indicators remain bearish, with analysts watching the $60,000 support…

XRP Sell-Off Driven By Liquidations, Not Whale Dumping: Data

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XRP’s recent pullback may have more to do with leverage flushes and broader market weakness than a coordinated exit by large holders, according to CryptoQuant contributor Pelin Ay. The analyst pointed to declining XRP inflows into Binance, particularly among million-token transfers, as evidence that whale selling pressure has not intensified during the drawdown. Ay shared a CryptoQuant chart tracking XRP Ledger exchange inflows to Binance by value band, alongside XRP’s price in dollar terms. The dataset separates inflows into bands ranging from less than 1,000 XRP to more than 1…

Botanix shuts down Bitcoin Layer 2 after four-year push into Bitcoin DeFi

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Botanix Labs has announced the shutdown of its Bitcoin Layer 2 network after reporting 25 million transactions and 200,000 wallets during its year-long mainnet operation. The team said user demand was not sufficient to sustain the network economically. Summary Botanix Labs is shutting down its Bitcoin Layer 2 network after concluding that user activity could not support the platform’s operating costs. The project reported 25 million transactions, 200,000 wallets, and no security incidents during its year of mainnet operation. Botanix said most Bitcoin users continue to treat BTC as a…