bitcoinist.com

A crypto analyst has issued a strong warning for Bitcoin (BTC), forecasting a potential crash to new lows as negative sentiment mounts. The analyst has also highlighted the possibility of an even more delayed altcoin season as the broader market flips bearish. 

Analyst Calls $98,200 Bitcoin Price Crash

With the Bitcoin price still consolidating above $100,000 after experiencing major losses in the last month, concerns have been rising about the flagship cryptocurrency’s near-term outlook. Dr. Cat, a crypto analyst on the X social media platform, has forecasted that a crash to $98,200 is growing increasingly possible for Bitcoin, especially with negative sentiment piling up.

The $98,200 level has been highlighted as a critical support level, which, if breached, could lead to even stronger downside risks for Bitcoin. Based on key Ichimoku indicators like the 3-week Kijun Sen and Weekly SSB, this downward potential could see Bitcoin crashing into the $70,000 range, which the analyst describes as the “7 handle”.

Notably, Dr. Cat’s chart, which features Ichimoku Cloud patterns, shows Bitcoin trading slightly above mid-range indicators with price action hovering above the Kijun Sen and within proximity to the cloud. Despite mild bullish positioning, he stresses that the daily and 2-day time frames remain structurally bearish, reducing the strength of any upward momentum. 

Adding weight to this pessimistic scenario, the analyst points out that while a short-term upside for Bitcoin is still in the cards, it is not guaranteed. Alternative wave counts also indicate that a local top may already be in place, signaling early stages of a more severe price correction. 

Dr. Cat further compares Bitcoin’s current market conditions to April 2024, when a similar setup led to a notable crash. As such, even if BTC pushes slightly higher in the short term, the broader trend, according to the analyst, suggests a looming reversal. 

Altcoin Season At Risk Amid Broader Market Weakness

In addition to Dr Cat’s bearish Bitcoin forecast his analysis also extends a stark warning to altcoin holders about the long-anticipated altseason. According to the market expert, many altcoins are once again approaching key resistance levels against Bitcoin, mirroring last week’s setup that led to significant declines. 

Although a slight recovery against BTC is not ruled out, the broader market structure hints at a harsh environment for altcoins in the next 1-2 weeks. The future Kijun Sen angle on the weekly Bitcoin Dominance (BTC.D) chart also signals an extended period where the flagship cryptocurrency may outperform altcoins decisively. However, this outperformance is not expected to result from BTC’s strength, but rather from its comparatively slower decline as the market turns bearish. 

In such a case, altcoins could see accelerated losses while BTC experienced a more controlled correction. This market dynamic suggests that the true altcoin season is unlikely to emerge anytime soon.

On-chain data shows Bitcoin activity has seen a major cooldown over the past month. What does history say about what could be next for BTC?

Active Bitcoin Supply Has Seen A Similar Drawdown As In September 2024

As pointed out by CryptoQuant author Axel Adler Jr. in a new post on X, the 30-day change in the Bitcoin % Supply Active has recently been negative. This on-chain indicator measures, as its name suggests, the percentage of the cryptocurrency’s circulating supply that became involved in some kind of transaction activity over a given period. In the context of the current topic, the time window in question is 180 days.

Below is the chart shared by the analyst that shows the trend in the 30-day change of the Bitcoin % Supply Active over the last few years.

From the graph, it’s visible that the 30-day change in Bitcoin % Supply Active shot up to a sharp positive level late last year as BTC’s bull run played out, indicating that a large amount of supply dormant for more than six months started becoming active again. A similar trend was also witnessed in the rally from Q1 2024. This pattern isn’t anything surprising, as activity on the blockchain tends to go up as a rally captures the attention of the masses.

Interestingly, the return above $100,000 earlier in the year couldn’t trigger any such reaction from the sector. And as the price has consolidated above this level since then, the 30-day change has even plummeted deep into the negative zone, suggesting holders have been losing interest.

At present, the metric is sitting at a value of -17%, meaning that 17% less of the 180-day supply is active today compared to a month ago. While this suggests a major cooldown of attention around the network, the development may not be so bad if historical precedent is to go by.

As Adler Jr has highlighted in the chart, the 30-day % Supply Active saw a similar plummet back in September. What followed this market boredom was sharp bullish momentum for Bitcoin.

In the temporary bearish period that came after the May 2021 crash, a similar pattern led into the second half of that year’s bull market. However, the 30-day change didn’t become as negative back then. It now remains to be seen whether anything like in the past would follow for Bitcoin this time as well, or if the cooldown in price and activity is here to stay for a while.

BTC Price

Bitcoin saw a retrace into the low $105,000 levels yesterday, but it appears the asset’s sideways dance remains rigid as its price is already back at $107,200.

Bitcoin is currently trading at critical levels, holding firmly above $105,000 but struggling to break through the $109,000 resistance zone. This range has become a decisive battleground between bulls and bears, with market participants closely watching for a breakout or breakdown in the coming days. While bulls remain in control and continue to defend key support levels, the failure to push into price discovery has raised concerns that a correction may be looming.

Adding to this cautious sentiment, fresh data from Glassnode reveals a notable uptick in profit-taking activity across the Bitcoin network. Realized profits surged to $2.46 billion in a single day, while the 7-day moving average climbed to $1.52 billion, well above the year-to-date average of $1.14 billion. Though still below the peaks seen in late 2024, this trend signals that investors are beginning to secure gains, potentially preparing for increased volatility.

With sentiment split and macro conditions in flux, the coming days may be crucial for Bitcoin’s next major move. If bulls can reclaim the $109K level, momentum could return. But if profit-taking intensifies, a deeper correction could bring BTC back toward the $100K mark.

Profit-Taking Accelerates As Bitcoin Battles Resistance

Bitcoin has experienced significant volatility in 2025, marked by aggressive price swings that have kept traders on edge. The past month alone has seen Bitcoin surge to a new all-time high near $112,000 before retracing to a local low of $98,000. Despite this choppy action, the broader trend remains positive. Since rebounding from the $75,000 level in April, Bitcoin has climbed over 15%, with bulls maintaining control and defending key support zones.

This strength coincides with a broader risk-on environment, as the US stock market recently reached a new all-time high. Many analysts believe Bitcoin and the wider crypto market could be next in line to benefit from improved sentiment and increased investor appetite.

However, on-chain data from Glassnode reveals that profit-taking is ramping up again. Yesterday, realized profits on the Bitcoin network hit $2.46 billion, while the 7-day simple moving average (SMA) climbed to $1.52 billion. This figure sits well above the year-to-date average of $1.14 billion, suggesting a renewed wave of profit realization among investors. Still, these levels remain considerably lower than the $4–5 billion profit spikes seen during the peak frenzy of November and December 2024.

While these metrics don’t necessarily signal an immediate top, they reflect growing caution in the market. As Bitcoin hovers just below its all-time high, the balance between bullish momentum and investor profit-taking will be key in determining whether BTC breaks higher or retraces further in the sessions ahead.

BTC Struggles Below Critical Resistance

The 12-hour chart of Bitcoin shows a clear consolidation phase that began in early May. After a sharp rally above $100,000, BTC has been trading within a defined range, with key support at $103,600 and stiff resistance near $109,300. Price briefly pushed above the 50- and 100-period moving averages, but strong selling pressure has continued to block any decisive breakout above the $109K zone.

Currently, Bitcoin is trading at approximately $106,557, slightly below the short-term moving averages, suggesting a potential cooling-off period. Price action remains choppy, with multiple failed attempts to establish a clear trend. Despite bullish attempts to retest the upper resistance band, volume has not confirmed a breakout, and wicks above $109K indicate exhaustion at those levels.

The $106K mark—aligned with the 50 and 100 SMAs—is acting as a dynamic support, but a break below could quickly send BTC to retest the $103,600 level. On the upside, bulls must clear $109,300 with conviction to trigger a potential rally toward new all-time highs.

Featured image from Dall-E, chart from TradingView

The United States Department of Justice (DOJ) has revealed coordinated enforcement actions against an alleged North Korean operation designed to infiltrate US companies and steal crypto assets.

According to the DOJ, North Korean nationals posed as US citizens to gain remote IT jobs, steal sensitive company data, and launder cryptocurrency earnings, generating funds believed to support the sanctioned regime’s state programs.

Identity Theft, Crypto Laundering, and Global Facilitation

In a statement released Monday, the DOJ announced it had filed two indictments, made one arrest, conducted searches across 16 states, and seized 29 financial accounts linked to illicit funds.

Authorities say the scheme involved the use of stolen identities from over 80 Americans to fraudulently obtain work-from-home jobs at more than 100 companies, including several Fortune 500 firms.

These roles enabled the perpetrators to receive regular salaries and gain access to sensitive corporate information, causing at least $3 million in damage through legal, cybersecurity, and operational costs.

One federal indictment in Georgia outlined how four North Korean nationals allegedly stole over $900,000 in cryptocurrency from two US firms.

The stolen assets were funneled through mixing services like Tornado Cash, which obfuscate transaction trails, before being withdrawn via accounts created with falsified Malaysian documentation. Court documents revealed these funds were used to bypass US sanctions and financially support North Korea’s regime.

The operation reportedly involved assistance from individuals based in the United States, China, the United Arab Emirates, and Taiwan. These collaborators allegedly helped North Korean operatives create front companies and fraudulent websites to support their remote job applications.

Authorities say they also hosted “laptop farms” where North Korean workers could access US employer-provided systems remotely. Assistant Attorney General John A. Eisenberg of the DOJ’s National Security Division stated:

These schemes target and steal from US companies and are designed to evade sanctions and fund the North Korean regime’s illicit programs, including its weapons programs.

Law Enforcement Urges Companies to Remain Vigilant

Federal agencies emphasized the national security implications of such schemes. FBI Cyber Division Assistant Director Brett Leatherman. noted:

North Korean IT workers defraud American companies and steal the identities of private citizens, all in support of the North Korean regime.

He warned that operators of laptop farms should expect scrutiny and enforcement. According to the FBI, this campaign represents an organized effort to funnel potentially hundreds of millions of dollars into the North Korean economy, directly threatening US businesses and citizens.

Assistant Director Roman Rozhavsky of the FBI’s Counterintelligence Division further highlighted that the effort was not merely criminal but geopolitical, stating:

North Korea remains intent on funding its weapons programs by defrauding US companies and exploiting American victims of identity theft.

Meanwhile, the FBI is calling on companies to increase due diligence when hiring remote IT personnel, especially amid the rise of decentralized digital workforces.

Featured image created with DALL-E, Chart from TradingView

According to the latest Power of Three (PO3) H1 analysis by crypto market analyst Trader Tardigrade, Dogecoin (DOGE) has officially entered a distribution phase following a sharp breakdown below the critical $0.15 support. This move signals a shift in market dynamics, with Dogecoin’s next moves set to push its price toward new highs. 

PO3 Pattern Confirms Dogecoin’s Next Moves

Dogecoin’s chances of resuming its previous bullish run are rising fast, as a new chart analysis by Trader Tardigrade reveals that the top meme coin has just moved into the distribution phase of a key PO3 market structure. This development comes just after DOGE’s price broke down below the $0.15 mark earlier last month. However, the meme coin has since rebounded and is now hovering just slightly above that level at around $0.16. 

Trader Tardigrade’s chart analysis confirms that Dogecoin is about to complete all three critical PO3 stages—Accumulation, Manipulation, and Distribution—on the 1-hour timeframe. This progression now sets the stage for its next move, signaling the potential beginning of a fresh upward breakout. 

The PO3 sequence began with a tight consolidation zone marked by accumulation around June 25-26. This was followed by a sharp drop below the support level, marking the manipulation phase between June 27 and 28. This strategic shakeout, typically designed to trap late sellers and liquidate weak hands, pushed DOGE below the $0.15 threshold. However, instead of undergoing a continued downtrend, the meme coin’s price recovered slightly, reclaiming the lost range before initiating a strong rally on June 30. 

The green-shaded area on the chart highlights the distribution phase, where Dogecoin’s bullish momentum has returned aggressively. Notably, price broke above short-term resistance levels and climbed toward $0.175, confirming the final stage of the PO3 structure and also reflecting growing buying pressure. This development implies that the recent crash was likely not indicative of market failure, but a possible setup for Dogecoin’s next bullish phase.

Dogecoin MACD Bullish Cross Established

In other news, Trader Tardigrade announced on X that Dogecoin has finally established a bullish Moving Average Convergence Divergence (MACD) crossover on the daily chart, signaling the first technical reversal in weeks after a prolonged downtrend. The analysis indicates that the crossover is now active, marking a potential shift in momentum from bearish to bullish. 

This development follows weeks of sustained losses that began in early June, when a bearish MACD cross triggered a sharp breakdown from the $0.21 level. With the bearish cross potentially overturned, Dogecoin may be entering a renewed upward trend.

As a result, Trader Tardigrade’s chart shows that the next upside target may extend above $0.28 in the coming weeks if DOGE continues to hold above key support while maintaining strong momentum. 

Bitcoin is confronting a pivotal moment after failing to break the crucial $110,000 level. Despite bullish control over the market, BTC finds itself trapped in a period of cautious consolidation. Bulls are actively defending support levels, yet an aggressive push into new territory—often referred to as price discovery—remains elusive. Investors and analysts are now closely watching for a catalyst that could ignite the next phase of upward momentum.

Top analyst Darkfost recently highlighted a concerning trend: the unrealized profits of long-term holders (LTH) are steadily declining. Data reveals that these profits are now nearing levels last observed during the October 2024 correction. This decline suggests that the market is slowly erasing some of the gains accumulated during previous rallies, potentially signaling a cooling off or cautious reassessment of Bitcoin’s current pricing.

While Bitcoin’s inherent strength and historical resilience continue to inspire confidence, the inability to achieve a decisive breakthrough above $110K casts a shadow over near-term prospects. The balance between bullish control and hesitancy has created an environment of uncertainty. As traders await a clear signal or external catalyst, the coming days will be crucial in determining whether Bitcoin can reclaim upward momentum or revert to further consolidation.

Bitcoin Faces A Make-Or-Break Week

Bitcoin is holding above the $105,000 mark after several days of heightened volatility and indecision. While bulls remain in control of the broader trend, the market continues to consolidate below the $112,000 all-time high—a level that has become a psychological and technical barrier. This sideways phase began in May and has yet to resolve in either direction. With the US stock market reaching new record highs, many analysts believe Bitcoin and altcoins could follow if momentum continues.

This week may prove decisive. A confirmed breakout above $112,000 could signal the start of Bitcoin’s next leg higher. However, failure to do so risks a retracement back to the $100,000 level—or lower—potentially shaking short-term holders and increasing selling pressure.

According to Darkfost, on-chain data reveals a key signal: the unrealized profits of long-term holders (LTH) are steadily declining and now approaching levels last seen during the October 2024 correction. The average unrealized profit, measured by the MVRV ratio, currently stands at around 220%. While this may appear high, it’s significantly lower than the 300% and 350% levels seen during the March and December 2024 market tops.

The realized price for LTHs is now around $39,000, indicating that while profits remain solid, the market is far from euphoric. For BTC to revisit similar profitability levels observed at prior peaks, it would need to climb to approximately $140,000. This suggests that, despite consolidation, there could still be meaningful upside potential if momentum returns.

BTC Range-Bound Below $109K

Bitcoin continues to trade in a tight range between $103,600 and $109,300, showing signs of consolidation after weeks of volatility. As seen on the daily chart, BTC has repeatedly failed to close above the $109,300 resistance, a key level that has capped upward momentum since early June. At the same time, the $103,600 support remains intact, reinforcing the idea of a well-defined range. The price currently hovers around $106,500, just above the 50-day moving average (blue line), which has acted as dynamic support during the recent pullbacks.

Volume remains relatively low, which reflects indecision across the market. Traders appear to be waiting for a clear breakout from this range to confirm the next directional move. A successful daily close above $109,300 could open the door for a rally toward new all-time highs, while a breakdown below $103,600 might trigger a deeper correction toward the 200-day SMA around $96,000.

The convergence of the 50, 100, and 200-day SMAs below the current price shows that the broader trend remains bullish. However, the lack of momentum above $110K reinforces the importance of this resistance level. Until BTC decisively breaks out, the market will likely remain choppy and directionless in the short term.

Featured image from Dall-E, chart from TradingView

A fresh burst of verbal shrapnel from on-chain investigator ZachXBT has reignited the long-running feud between the sleuth and the XRP community, with Ripple again cast as the outlier among major stable-asset ecosystems.

The exchange began after WatcherGuru reported on X + that Circle, the issuer of USD Coin (USDC), has applied to become a federally regulated national trust bank in the United States. Within minutes, ZachXBT—whose meticulous wallet-tracking has underpinned investigations into more than $100 million in blockchain thefts—accused Circle of turning a blind eye to sanctioned North Korean activity.

“Circle / USDC is the primary infra used by DPRK IT workers to facilitate payments. They currently do NOTHING to detect / freeze the activity while boasting about compliance… I can point out high 8 figs in recent volume,” he wrote, adding that the indifference is symptomatic of “the crime super cycle.”

Tether, Circle, Paxos All More Trustworthy Than Ripple?

An XRP supporter swiftly attempted to redirect the criticism: “So you’re saying we should be using RLUSD instead, eh?”—a reference to Ripple’s yet-to-launch, asset-backed stablecoin. ZachXBT’s reply was unambiguous: “I trust Circle, Paxos, or Tether infinitely more than Ripple.”

Pressed to justify preferring Tether—whose opaque reserves have drawn scrutiny from US and EU regulators—over Ripple, he gave a terse rationale: “They all at least have organic users whereas Ripple does not and theirs comes from misrepresenting paid partnerships to make it appear like adoption.”

The XRP advocate denounced that assessment as “lazy,” citing integrations with AeonPay, Alchemy Pay and “millions of merchants,” and argued that paying for partnerships is an industry-wide growth tactic. ZachXBT did not further elaborate, but the latest salvo is consistent with a trail of earlier broadsides.

In March 2025 he asserted that a legitimate layer-1 chain can be gauged by the presence of native stablecoins from the “big three” issuers—Circle, Tether and Paxos. “Both ADA and XRP have zero from major stablecoin issuers…” he wrote at the time.

In January 2025 he highlighted what he characterized as opaque treasury flows, noting that more than $109 million in XRP had moved from wallet rhREXVHV938ToGkdJQ9NCYEY4x8kSEtjna, activated by Ripple co-founder Chris Larsen, to exchanges including Coinbase, Bitstamp and Bybit in a single month. “Well I guess it’s a good thing no one stalks XRP transfers from wallets tied to the founders/foundation,” he remarked sarcastically.

Responding to a February 2024 plea to investigate an alleged XRP scam address, he quipped that the wallet in question could not have “scammed more than the XRP founders constantly dumping 9 figs on bag-holders.”

Taken together, the remarks sketch a researcher who, while frequently critical of compliance practices at the stablecoin heavyweights, nevertheless views Ripple as uniquely untrustworthy—chiefly for what he deems manufactured network adoption and persistent insider selling.

At press time Ripple Labs, Circle, Paxos and Tether had not publicly responded to the latest remarks. XRP traded at $2.1978.

The XRP community has been making calls for a 1,000% surge in the XRP price. This comes following Ripple CEO Brad Garlinghouse’s symbolic reiteration of his support for XRP, which provides a bullish outlook for the altcoin. 

XRP Price Gets Boost As Ripple CEO Declares 1,000% Support

In an X post, Brad Garlinghouse put out the caption ‘1,000%,’ in which he was alluding to his support for XRP and the community as a whole. The community has described this post as being bullish for the XRP price and even called for a surge of 1,000%. Garlinghouse’s post came in response to a post by Digital Asset Investor, a prominent XRP community member. 

Digital Asset Investor drew attention to the tattoo that the Ripple CEO had gotten following his firm’s victory against the SEC, when Judge Torres declared that XRP was not a security. Garlinghouse’s tattoo featured the XRP logo, which included the date ‘07-13-2023’, representing the day Judge Torres issued this ruling. Back then, the XRP price surged as much as 25% following Judge Torres’ ruling. 

Digital Asset Investor’s caption highlighted the significance of Garlinghouse’s tattoo and how it indeed showed the Ripple CEO’s support for XRP. He claimed that for someone like Garlinghouse, who boasts a Harvard MBA, to have gotten a tattoo, it means that he has “thought it through and knows it is only going to change in a good way.” He then urged the community to lock in, just like Garlinghouse, who has zero doubts about XRP’s trajectory. 

Garlighouse had earlier urged the community to “lock in” following his announcement of Ripple’s decision to drop the cross-appeal against the SEC. He also stated back then that his firm is focused on building the ‘Internet of Value.’ This is a significant boost for the XRP price, given its role in Ripple’s payment services. 

XRP Can Indeed Rally 1,000%

Crypto analyst Egrag Crypto has indicated that the XRP price can indeed record a 1,000% rally. In an X post, he revealed that the altcoin was forming a classic ‘W’ pattern. He then revealed that $15, $22, and $40 are the conservative, average, and optimistic targets, respectively, to watch. A rally to $22 will represent a surge of around 1,000% from the current XRP level. 

Egrag Crypto had also earlier alluded to historical cycles as the rationale behind why the XRP price can reach between $9.5 and $37.5 in this market cycle. He claimed that a repeat of Cycle 1 could lead to an XRP rally of 2,000% to $37.5. On the other hand, if the altcoin mirrors Cycle 2’s performance, then it could record a gain of 455% and reach $9.5.

At the time of writing, the XRP price is trading at around $2.22, up in the last 24 hours, according to data from CoinMarketCap.

Hope is alive once again for Ethereum, the second-largest crypto asset, following a sudden bounce above the $2,500 level as the new week kicks off. ETH’s recent notable bounce has influenced its market dynamics and sentiment, with on-chain metrics turning positive and many investors displaying signs of accumulation.

Institutional Demand Toward Ethereum Rises

In an incredible move, Ethereum made a dramatic recovery on Monday, regaining the key $2,500 level. On-chain data shows that ETH’s recent upward move is catching the attention of major investors, especially on the institutional level.

Leading on-chain data and financial platform, Glassnode, reported that Ethereum rebounded from the $2,200 level to $2,500, and institutional appetite has subsequently increased. Such a rise in institutional amid price spikes appetite suggests that big players might be looking to capitalize on renewed market strength.

Furthermore, the development highlights Ethereum’s continued appeal to major investors, which might pave the way for further substantial institutional inflows when trust in the altcoin’s long-term prospects returns. This growing institutional appetite is observed around the Ethereum Spot Exchange-Traded Funds (ETFs).

According to the on-chain platform, ETH spot ETFs recorded net inflows of over 106,000 ETH in the last week, which marks the 7th consecutive week of positive flows into the products. This consistent accumulation trend demonstrates how demand for direct ETH exposure is rising even in the face of general market uncertainty.

As institutions and retail players persistently channeled fresh capital into these products over the past few weeks, it indicates a powerful wave of sustained investor confidence. Should the trend continue in the following weeks, it could set the stage for further price increases.

A Wave Of ETH Accumulation Ongoing 

Demand for Ethereum is currently picking up pace as the altcoin displays notable upside performance. A report from Crypto Sunmoon, a market expert and author, shows that ETH holders are quietly sending a crucial message to the market with their persistent accumulation.

In the quick-take post on the CryptoQuant platform, the expert revealed a strong accumulation pattern among ETH holders despite prior price pullbacks. This robust accumulation suggests renewed conviction and interest in Ethereum.

Crypto Sunmoon noted that the June consolidation period saw the emergence of strong buying demand from long-term holders. In addition, the accumulation volume is showing notable divergence. Considering the rise in accumulation volume and buying pressure, the expert is confident that something big might be brewing for the altcoin.

BlackMen, an on-chain analyst, has drawn attention to a surge in ETH accumulation to new levels among whales. As mid-2025 approaches, BlackMen stated that altcoin is starting to rise quickly, with the quantity of ETH in accumulation addresses hitting all-time highs.

Furthermore, long-term investors are now accumulating more Ethereum rather than selling, according to on-chain data, which signals extremely positive market confidence and optimistic views for the future.

On the 4-hour chart, XRP is showing signs of coiling up for a breakout. The structure remains intact, as long as the broader market doesn’t break down, the chart looks primed for an upward move.

Launchpad Is Set – XRP Bulls Are Waiting For Confirmation

XRP is approaching a pivotal moment on the chart, according to SquirtleCharts’s post on X, and the key resistance level at $2.23 is acting as the gatekeeper. If it breaks above this level with strength and follow-through, it could unlock a rapid move toward $2.32, and from there it could surge to $2.65.

The structure is bullish, the altcoin has formed a solid base, momentum is building, and the price action is coiling within a framework. The launchpad is ready, but without an upward move in volume, the breakout could face rejection at the resistance zone.

Pinnacle_Crypto revealed that XRP is showing a bullish setup on the daily chart, currently trading within a descending wedge pattern, a formation associated with trend reversals and breakouts. The price has bounced strongly from the key support zone near $2.10, which also aligns with the 200 Exponential Moving Average (EMA), a technical level that acts as a dynamic support in trending markets.

Currently, XRP is aiming for a 25% move to the upside, with the next resistance target at around $2.85. A break above the descending wedge resistance could confirm the move and trigger further upside. It is consolidating within a symmetrical triangle pattern on the daily chart, a setup that precedes high-volatility breakouts. Price action is tightening, and with each dip bought up, FOMOwiz outlined that buying pressure is increasing, pointing to ongoing accumulation.

Momentum is building as altcoin compresses near the triangle. The structure suggests that a breakout is looming, and if bulls seize control, the price could surge toward the resistance at $3.35.

Triangle Pressure Building — XRP Prepping For A Breakout

XRP is in a critical accumulation phase on the 2-day chart, coiling within a massive triangle. This pattern is tightening price action where buyers and sellers reach a temporary balance, and heavy accumulation suggests that smart money is preparing for a move. CRYPTOMOJO_TA mentioned that Q3 is underway, and momentum could pick up dramatically, propelling price toward the $4.60 resistance level.

Another analyst, James, pointed out a striking similarity between the 2-week chart and the patterns observed during the 2017 bull run. The structure mirrors the giant accumulation triangle that formed back then, followed by a breakout pump that surges price into new highs, the same symmetrical triangle re-accumulation is now taking shape. Based on the chart pattern, James anticipates a final pump in price targeting a range between $4.5 and $5.4.

The Ripple Vs. SEC lawsuit is nearing a conclusion following the crypto firm’s decision to drop its cross-appeal. Now, a crypto commentator has drawn the XRP community’s attention to July 3 as an important date to look forward to, as the SEC also moves to drop its appeal. 

All Eyes on July 3 as Ripple vs. SEC Lawsuit Concludes

In an X post, crypto commentator Captain Redbeard declared that July 3 is the moment of truth, with the SEC set to have a closed-door meeting on that day. He noted that Ripple has dropped its cross-appeal and that the Commission’s next move could end it all. Captain Redbeard added that if the agency follows through in dropping its appeal in the Ripple vs. SEC lawsuit, XRP is about to rip. He then remarked that game-changing clarity is within reach. 

Bitcoinist reported that Ripple CEO Brad Garlinghouse had announced that his firm was dropping its cross-appeal. He also mentioned that the SEC is expected to do the same, as they promised initially. However, the agency is expected to have a Commissioner’s vote before it drops the appeal in the Ripple vs. SEC lawsuit. 

However, contrary to Captain Redbeard’s opinion, ex-SEC lawyer Marc Fagel has clarified that July 3 isn’t necessarily concerning the vote on whether to drop the appeal. In an X post, Fagel noted that the proposed closed-door meeting happens every week and that the agenda is confidential. As such, it is impossible to know whether they will vote to drop the appeal in the Ripple vs. SEC lawsuit at that meeting. 

The legal expert further remarked that the vote to dismiss the appeal could happen any Thursday in the future. He added that they could also approve the dismissal through a completely different mechanism. 

What Needs To Be Done Before The Lawsuit Can End

In another X post, Marc Fagel gave a breakdown of what needs to happen before the Ripple vs. SEC lawsuit can finally end. He stated that the Commission likely still needs to vote to dismiss the appeal. Once that is done, then both parties will need to submit papers dismissing their respective appeals, after which the district court’s order goes into effect. 

Fagel explained that these procedures could take several weeks or more. However, it could be expedited, and so, there is no set timeframe. Meanwhile, he suggested that the XRP community shouldn’t get their hopes up about a vote to drop the appeal in the Ripple vs. SEC lawsuit happening on July 3. 

The lawyer stated that it is almost certain that they won’t vote on this on Thursday. He admitted that he isn’t privy to the confidential agenda but that voting on the appeal would be highly unusual. 

At the time of writing, the XRP price is trading at around $2.22, up in the last 24 hours, according to data from CoinMarketCap.

Bitcoin has not yet lost its upward momentum as the flagship asset surges slowly toward the $108,000 resistance level. Since reclaiming $100,000, BTC has maintained its position above this level, showcasing its robust resilience during recent market whirlwinds. While BTC’s price displays bullish strength, buying pressure appears to be weakening.

Apparent Demand For Bitcoin Turns Negative

In a recent quick-take post on CryptoQuant, a market expert and author with the username Crazzyblockk has outlined a worrying trend among Bitcoin holders. Presently. Bitcoin’s Apparent Demand is in negative territory, indicating a weakening market and a critical demand deficit.

It is important to note that the Apparent Demand is a key on-chain metric that offers a lucid picture of BTC’s fundamental market balance by comparing supply and fresh demand from two sources. These include newly mined coins and previously inactive coins from Long-Term Holders that are now moving.

Since the weakening apparent demand coincides with ongoing price spikes, it could imply that the latest leg-up is operating on fragile ground. Such divergence suggests that the current upward trend is supported more by speculative momentum than strong, consistent buying interest.

Crazzyblockk highlighted that the combined supply pressure from newly produced coins and selling long-term holders has been too much for new buyer demand to absorb in recent days. According to the on-chain expert, this reinforces the idea that BTC’s apparent demand has fallen into negative territory again.

Considered a supply/demand imbalance and an underlying market weakness, the development generates an environment full of risk for a near-term price correction. Data shows that miners and profit-taking long-term holders are currently putting more coins onto the market than those being bought by new investors, which is a bearish signal.

What Makes This Negative Demand A Bearish Signal

After examining the negative apparent demand, Crazzyblockk considers this shift a bearish development for two crucial reasons. The first reason is that the divergence directly raises the quantity of “for sale” supply, which drives down the price. 

Secondly, this selling pressure from long-term holders, frequently referred to as “smart money,” often suggests the notion that the market might have hit a local top among these seasoned investors. As a result, the expert claims the market is in a vulnerable condition.

Should any price rally occur from current levels, Crazzyblockk believes it is likely to struggle to surpass this wave of available supply, and market support might not be as strong as expected. In the meantime, this anticipated trend is not yet a guarantee. However, this on-chain signal clearly indicates that a period of caution is necessary until demand begins to rise again.

Presently, Bitcoin is undergoing a significant rejection as the Stochastic Relative Strength Index (RSI) shows a death cross on the daily chart. Ali Martinez, a seasoned crypto analyst, stated that a move back to the $100,000 mark is likely unless there is a sustained close above $109,000.

Linqto’s once-celebrated promise to “democratize” (Ripple) pre-IPO investing is collapsing under the weight of federal probes, a looming bankruptcy filing and a furious customer base that now numbers roughly 13,000.

According to an internal review first detailed by The Wall Street Journal, investigators for the Securities and Exchange Commission and the US Department of Justice are examining allegations that former chief executive William Sarris secretly marked up Ripple shares by more than 60 percent, sold customer stock without permission and promoted deals to thousands of investors who failed to meet accredited-investor standards. New management concedes that client accounts have been frozen since February and warns that a Chapter 11 filing could leave many investors as unsecured creditors.

A March 14 press release from the company’s new leadership confirmed “pervasive securities-law violations,” the pausing of all trading and the dismissal of nearly half the staff while Linqto “explores all options to preserve value,” including court-supervised restructuring. The same statement insists that the special-purpose vehicles (SPVs) holding customers’ assets remain on issuer cap tables, but concedes that an independent forensic review is under way to verify that claim.

Into that vacuum stepped attorney John E. Deaton, who told his X followers that the situation is a “total clusterfuck” and that roughly 11,500 Linqto users bought units in SPVs that, in turn, were supposed to own Ripple shares. Deaton says as many as 5,000 of those investors are non-accredited, creating “a regulatory compliance nightmare” now squarely on the SEC’s radar. He plans to host a live session at 3 p.m. EST today to detail what he calls a “heavily involved” enforcement action and to explain why simply refunding principal would strip investors of six- and seven-figure gains booked on private-share price appreciation.

“You Never Owned Ripple Shares”— CTO

Ripple’s chief technology officer David Schwartz—better known online as “JoelKatz”—added fuel to the blaze by reminding holders that they never owned Ripple equity outright. “You don’t own the shares directly,” Schwartz wrote, “but you own a portion of a legal entity that owns the shares.” He elaborated, saying: “So if you ‘bought’ Z shares, you own X fraction of a legal entity with Y shares where X×Y=100. This generally lets you buy ‘shares’ more easily and in smaller quantities, but the equivalent per-share price is usually higher.”

This clarification dismantled a key misconception among many Linqto clients who believed they were holding Ripple stock directly. The implications are now being examined not only by the SEC but also by customers who fear their indirect ownership could be rendered illiquid or encumbered in bankruptcy court.

When pressed about whether those SPVs could be affected by Linqto’s financial collapse, Schwartz responded: “The legal entity that owns the shares that you own part of should not have exposure to Linqto going bankrupt. So a direct encumbrance on the shares to cover Linqto’s debts shouldn’t happen. But the entity may face operational challenges depending on exactly how it’s structured.”

That operational risk is precisely what has many investors on edge. If trustees, custodians, or record-keepers tied to those SPVs are forced to restructure, change providers, or liquidate assets, investors may find themselves in prolonged legal limbo with no access to their holdings—even if the shares remain technically intact on the cap table.

The Alleged George Soros Link

Complicating perceptions further, Schwartz addressed a separate thread linking billionaire George Soros to Ripple. He clarified that Soros Fund Management backed PolySign—another private company in which many Linqto users invested—during its 2022 acquisition of fund administrator MG Stover, but said he was “not aware of any Soros connection to Ripple.”

Initially, Schwartz wrote: “It wouldn’t surprise me very much since his funds own bits of almost everything (Salesforce, Amazon, Google, JP Morgan, Goldman, Uber, FedEx, and many more), but I couldn’t find any actual connection.”

However, after further reflection, he corrected himself: “Oh, wait, I remember now. Yes, Soros’ fund did invest in PolySign to help finance the acquisition of MG Stover! No connection to Ripple AFAICT though.”

The deeper regulatory concern is structural. Linqto created more than 500 SPVs, each designed to pool hundreds of retail investors while keeping the underlying issuer’s shareholder count below the 2,000-owner threshold that triggers public-reporting obligations. Internal emails obtained by investigators show former executives exhorting staff to “take no prisoners” in sales campaigns—at times buying back Ripple shares from customers at $55 each, only to flip them to Ripple for $61, banking an $8 million spread. If those shares never made it into the SPVs—as suggested in confidential memos cited by investigators—questions of beneficial ownership, tax liability and voting rights could embroil Ripple itself in discovery.

What happens next will hinge on three converging clocks: Linqto’s restructuring timetable, the SEC’s enforcement calendar and the pace at which SPV trustees can—or cannot—demonstrate clean title to almost half a billion dollars’ worth of private-company shares. Until then, thousands of would-be Ripple shareholders remain locked out of their accounts, watching from the sidelines as a legal and regulatory cyclone decides whether their “pre-IPO dream” survives or is wiped out in a courtroom ledger.

At press time, XRP traded at $2.20.

As Republicans rush to pass President Donald Trump’s “One Big Beautiful Bill” budget plan, a timely initiative is emerging in Congress that puts cryptocurrency in the spotlight once more.

Lawmakers are seeking to attach amendments aimed at providing significant advantages for cryptocurrency investors, contributing to the ongoing shift in the regulatory landscape for digital assets in the country.

Fair Tax Treatment For Crypto Miners And Stakers

On Monday, Senator Cynthia Lummis, an advocate for the adoption of digital assets, took to social media platform X (formerly Twitter), to voice her concerns about the current tax treatment faced by crypto miners and stakers. 

The Senator highlighted that these individuals are taxed twice: once when they receive block rewards and again upon selling their assets. “It’s time to stop this unfair tax treatment and ensure America is the world’s Bitcoin and Crypto Superpower,” Lummis stated.

This sentiment resonates with President Trump, who has consistently supported the integration of digital assets into the country’s financial system. His administration has proposed the establishment of the nation’s first crypto strategic reserve, which would include Bitcoin (BTC) and other tokens as part of its framework.

Fox journalist Eleanor Terret also reported on X that discussions around crypto tax amendments remain alive, despite some disagreements that arose over the weekend. 

Congressional Divisions Toward Digital Assets

Terret indicated that the White House is advocating for the inclusion of Lummis’s proposed changes in the final version of the bill, demonstrating a concerted effort to galvanize support for the cryptocurrency sector.

In contrast to Lummis’s approach, Senator Jeff Merkley introduced an amendment aimed at barring elected officials from promoting or profiting from crypto tokens in which they have a financial interest. 

Merkley argued that allowing such practices undermines the integrity of governance. “The sale of crypto coins by any of us for financial benefit is corrupting our responsibility to govern by and for the people,” he asserted.

Lummis opposed Merkley’s amendment, warning that it could stifle American innovation and hinder the government’s ability to effectively understand and regulate digital assets. 

In a pointed remark in Congress on Monday, the pro-crypto Senator noted, “If we’re serious about ethics and financial products, let’s focus on real solutions and all financial products, not just digital.”

Ultimately, Merkley’s amendment was defeated, failing to pass with a vote of 47 to 53, reflecting the ongoing tensions in Congress regarding the regulation of digital assets, as well as the divisions among lawmakers regarding this emerging technology.

As of press time, Bitcoin trades at $107,187, up 2% on the weekly time frame. Despite the short-term recovery for the market’s leading crypto, BTC still trades 4% below its record price of $111,800.  

Featured image from DALL-E, chart from TradingView.com 

Robert Kiyosaki, the author behind Rich Dad Poor Dad, put more skin in the Bitcoin game on July 1. He spent over $100,000 in a single trade to pick up one whole Bitcoin. Instead of sitting on the sidelines, he chose to put his money where his mouth is.

Bold Bet On Bitcoin

According to Kiyosaki’s tweet, he snapped up 1 BTC at about $106,784. He said he’d rather “suck” than be a loser by missing out. Bitcoin is sitting just above $100,000 right now, but Kiyosaki thinks that it could climb much higher.

He’s been warning followers for years that a new wave of growth is coming and that this asset might one day hit the $1 million mark.

Bought another Bitcoin today. I realize I could be wrong and a sucker. Would not be the first time in my life I was played for a FOOL.

Yet I believe Bitcoin will one day soon….be $1 million a coin. If I am a sucker…. I’d rather be a sucker than a LOSER if Bitcoin does go to…

— Robert Kiyosaki (@theRealKiyosaki) July 1, 2025

Chasing The Million Dollar Mark

Based on reports, going from roughly $106,784 to $1,000,000 means about 830% growth. That’s a huge jump. Kiyosaki first floated this million‑dollar idea back in 2021, projecting it could arrive by 2030.

He told his audience to do their own homework, reminding them that he might be wrong. Still, he framed his move as a risk worth taking rather than living with regrets.

Voices From The Market

Other big names share his optimism. Binance’s Changpeng Zhao thinks Bitcoin could top $1 million in the current cycle if the rally stretches out.

Jan3 CEO Samson Mow predicts Bitcoin will hit the $1 million mark, steered by nation-state adoption anx sovereign debt issuance.

Ark Invest’s Cathie Wood gives a base case of $1.5 million by 2030 and even teases a $2.5 million scenario if things really heat up.

Despite that chorus of bullish calls, a good number of traders view the current price as steep. Some say the top crypto asset is trading at a premium around $106,700, while others call it a steal before the next surge. The mix of views keeps the debate alive.

Kiyosaki’s move is more than a personal gamble. It sparks fresh talk about how far Bitcoin can go. It also shines a light on the growing role of big investors and public figures in shaping market mood. When someone with decades of experience takes a stand, it catches attention.

As always, Kiyosaki ends with a reminder to think for yourself. He urged people to weigh the pros and cons instead of blindly copying his play. Whether Bitcoin soars to $1 million or stalls along the way, his bold buy will be one to watch.

Featured image from Observer, chart from TradingView

Bloomberg Intelligence’s James Seyffart and Eric Balchunas have upgraded their outlook for a swathe of single-asset spot-crypto exchange-traded funds, taking the headline odds for XRP, Solana (SOL) and Litecoin (LTC) to 95 percent for approval by the end of 2025. Posting the revised forecast on X late on 30 June, Seyffart wrote: “Here are mine and Eric Balchunas’ most recent odds on spot crypto ETF approvals by the end of 2025. We expect a wave of new ETFs in this second half of 2025.”

Bloomberg Raises XRP, Solana, Litecoin ETF Odds To 95%

The analysts’ latest matrix assigns identical 95 percent odds to four categories: XRP, SOL, LTC and a separate “basket/index” product that would convert Grayscale, Bitwise, Hashdex and Franklin vehicles holding multiple tokens into spot ETFs. Each of those filings has already had its initial Rule 19b-4 submission acknowledged by the Securities and Exchange Commission, and each faces a final SEC decision in early July (for the basket product) or in mid-October 2025 (for the three single-asset funds).

Directly behind the front-runners sit Dogecoin, Cardano, Polkadot, Hedera (HBAR) and Avalanche, all marked at 90 percent. Canary-filed Sui is judged a coin-flip at 60 percent, while Tron and the micro-cap token Pengu each remain at 50 percent, reflecting open questions around commodity status and the absence of CFTC-regulated futures.

The new 95 percent figure is the third upward revision in as many months. On 20 June Balchunas and Seyffart lifted most altcoin ETFs to “90% or higher”, citing “remarkably positive” engagement from SEC staff. Back in late April, the same analysts still pegged SOL at 70 percent and XRP at just 65 percent, a level they themselves called “an improved outlook” compared with February’s sub-60 percent assessments. In percentage-point terms, XRP and LTC have therefore gained roughly thirty points since the start of the year, while SOL is up 25.

Three dynamics underpin the latest bump: First, there’s the impending decision on Grayscale’s Digital Large Cap Fund (GDLC). The SEC must decide by 2 July whether to allow NYSE Arca to list shares of GDLC, a $730 million vehicle that holds Bitcoin, Ether and a combined 8 percent slice of XRP, SOL and Cardano.

Seyffart told Blockworks that the agency could “let the product through” precisely because the non-BTC/ETH allocation is modest; “if they’re not approved on this first date, it’ll only be because the SEC isn’t ready with a full framework,” he said blockworks.co. ETF Store president Nate Geraci went further, writing via X that approval is “highly likely” and would create a “low-risk sandbox” for the SEC to gather surveillance data before green-lighting standalone altcoin funds.

In every case where Seyffart assigns 90 percent or more, the underlying token already trades on a Commodity Futures Trading Commission-regulated venue and has been implicitly treated as a commodity in recent SEC correspondence. The agency’s acknowledgement of the relevant 19b-4 filings, Seyffart argues, “suggests that the underlying altcoins are likely viewed as commodities”

The third positive sign is the active, iterative dialogue with issuers. Multiple sponsors — including Canary, VanEck, 21Shares and Fidelity — have filed amended S-1s at the SEC’s request over the past month. Seyffart and Balchunas see that level of back-and-forth as the same pattern that preceded spot-Bitcoin approval in January 2024 and spot-Ether approval seven months later.

If GDLC wins the nod this week, attention will swing quickly to the single-asset queue. The SEC’s final deadline for Solana is 10 October 2025; XRP and Dogecoin come up on 17 October; Litecoin on 2 October; Cardano on 23 October; Polkadot on 8 November; Hedera on 11 November; and Avalanche on 12 December. Sui’s file runs to 21 December, while the first substantive decision on Tron is not due until 23 January 2026, and Pengu stretches to 12 March 2026.

At press time, XRP traded at $2.21.

In a significant revival of political activity, crypto-focused Political Action Committees (PACs) are gearing up to amplify their influence in upcoming special elections across the United States. 

Following a successful campaign during last year’s elections, these super PACs are determined to position digital assets as a cornerstone of financial growth and innovation in the American economy.

Fairshake And Allies Drive Pro-Crypto Agenda

According to a recent report by journalist Eleanor Terret for Crypto In America, the largest and most affluent of these super PACs, Fairshake, along with its affiliates Defend American Jobs and Protect Progress, has already invested an impressive $136 million in support of over 58 pro-crypto candidates in the 2024 election cycle. 

This substantial funding highlights their dedication to promoting candidates who support cryptocurrency and blockchain technology, building on the significant progress already made, particularly in the US Congress.

Over the weekend, Protect Progress, a group typically aligned with Democratic candidates, reportedly played a pivotal role in the primary victory of James Walkinshaw in Virginia’s 11th Congressional District. 

The PAC allocated $1 million in advertising to support Walkinshaw, who is vying to fill the vacancy left by the late Rep. Gerry Connolly, a known opponent of digital asset initiatives.

Walkinshaw, who previously served as Connolly’s chief of staff for a decade, has expressed his support for blockchain technology as a vital component of Northern Virginia’s economic development strategy.

In contrast, his predecessor, Connolly, had a track record of opposing digital asset legislation, receiving an “F” on the Stand With Crypto scorecard for his votes against pro-crypto measures, including the FIT21 market structure bill. 

PACs Gear Up For 2026 Midterms 

Walkinshaw’s victory over nine opponents in the Democratic primary, including Virginia State Senator Stella Pekarsky, highlights the shifting political landscape for a more pro-digital asset enviroment. 

Pekarsky criticized Walkinshaw for accepting support from the crypto industry, stating, “I haven’t taken a penny from crypto PACs because you deserve a voice in Congress that serves you, not the billionaires who funded Trump’s inauguration.”

In response to such criticisms, Protect Progress defended its role, asserting, “Once again, politically motivated attacks against crypto didn’t work — because a vast majority of Americans, including Democrats, want Congress to unlock American innovation with responsible crypto regulation, not demonize an entire industry.”

Walkinshaw’s win adds to a string of successes for Fairshake this election cycle. In April, the PAC endorsed two Republican candidates in Florida, Jimmy Patronis and Randy Fine, both of whom emerged victorious with a collective $1.5 million in backing from Fairshake.

As it stands, Fairshake and its affiliates are well-prepared for the 2026 midterms, boasting over $100 million in resources. This financial strength is bolstered by contributions from prominent players in the digital asset space, including Coinbase, Andreessen Horowitz, and Ripple.

Featured image from DALL-E, chart from TradingView.com 

Robinhood has just taken a bold step into the future of finance by launching US stock and ETF tokens in Europe — a move that blends traditional equities with blockchain innovation.

This isn’t just a crypto expansion; it’s a strategic push to tokenize U.S. equities, making them more accessible to European investors through simplified, blockchain-based trading. It’s a major leap toward the convergence of global finance and decentralized technology.

For European investors who have long struggled with complex systems, Robinhood’s move is a game-changer, offering a direct way to own tokens representing shares in top Nasdaq and S&P 500 companies.

And with everything running on-chain, it marks a significant step forward for both the stock and crypto markets.

As Robinhood leads the charge, assets like Best Wallet Token ($BEST) are positioned to play a key role in enhancing how we store and manage these innovative on-chain assets.

Robinhood’s Impact on Crypto and Stock Trading

Robinhood is taking its democratizing approach to the next level by launching over 200 US stock and ETF tokens for European customers.

Starting on June 30, 2025, this expansion allows users in 30 EU and EEA countries to gain exposure to major US equities, including Nasdaq and S&P 500 companies, directly from the Robinhood app.

The newly launched stock tokens come with zero commissions and dividend support, offering users a seamless and rewarding trading experience.

What sets this move apart is Robinhood’s deep integration of blockchain technology. The tokens will initially launch on Arbitrum, with plans to migrate to Robinhood’s own Layer 2 blockchain, purpose-built for tokenizing real-world assets.

By removing the delays common in traditional stock transactions, this innovation enables faster, more transparent trades and paves the way for a more efficient, on-chain financial system.

With this bold step, Robinhood is bridging the gap between equities and crypto, placing itself at the leading edge of a financial revolution where legacy finance and blockchain work hand in hand.

What is Best Wallet Token ($BEST)?

Best Wallet Token ($BEST) is a new breed of cryptocurrency designed to enhance the user experience in the crypto space.

It’s closely tied to the Best Wallet ecosystem, a next-generation wallet that challenges legacy wallets like MetaMask by offering advanced features within an easy-to-use interface.

$BEST plays a crucial role within the platform, providing token holders with exclusive benefits. For instance, users can enjoy reduced transaction fees, early access to new crypto projects, and higher staking rewards.

One standout feature is the ‘Upcoming Tokens’ tool, which allows presale buyers to participate in crypto presales directly within the app, eliminating the risks associated with scam sites.

The $BEST token also delivers real utility in the iGaming space, granting holders perks like free spins, exclusive lootbox access, and deposit bonuses, adding real-world value to its digital footprint.

Backed by a rapidly expanding user base and strong community momentum, Best Wallet Token is carving out a leadership role in the competitive crypto wallet market.

Thanks to its seamless integration with the broader crypto ecosystem, $BEST is uniquely positioned to grow, especially as platforms like Robinhood accelerate the adoption of tokenized assets and decentralized finance on a global scale.

Why Buy $BEST Right Now?

Right now, you can buy $BEST for just $0.025265, and the ongoing presale has already raised $13.6M, signaling strong investor confidence.

With a price forecast of $0.072 by 2025, that’s a potential increase of 185% from its current value.

If you purchase and stake $BEST now, with an APY of 20%, your staked tokens could grow by 20% each year.

For example, if you stake 1K $BEST tokens at the current price, you’d earn 200 additional tokens over the next 12 months.

At the projected price of $0.072 in 2025, those 1,200 tokens would be worth $86.40. That’s a potential profit of $36.40.

If the price hits $0.62 by 2026, your staked tokens would be worth $744 – this represents a staggering 2,860% return on your initial investment.

Don’t miss the opportunity to secure these gains early.

Robinhood’s Game-Changing Move and the Future of On-Chain Finance

Robinhood’s innovative expansion into the EU with stock tokens, coupled with its integration of blockchain, is a major step forward for both traditional and crypto markets.

By offering an easy way to access US equities and introducing new crypto features, Robinhood is helping bridge the gap between these two worlds.

As more platforms follow suit, the adoption of on-chain finance could be set for a massive surge. And for anyone looking to get ahead of the curve, Best Wallet Token ($BEST) is one to watch.

Don’t forget to do your own research (DYOR) before investing in crypto. The content of this article is for informational purposes only and doesn’t constitute financial advice.

The fast rise of XRP’s popularity and its place as a top 5 cryptocurrency has seen it emerge as a major competitor for Ethereum. Ethereum, the second-largest cryptocurrency in the industry and the largest altcoin, has always led the way for an altcoin season when it begins to outperform Bitcoin. However, it seems the tides may be turning as one crypto analyst has suggested that XRP could be the altcoin to lead the next altcoin season ahead of Ethereum.

Altcoin Season Is Coming As XRP Takes Lead

According to crypto analyst Cyptoinsightuk, there are a number of developments that point at a possible altcoin season being on the horizon. The first of these is the performance of Bitcoin as it continues to rally ahead of the rest of the crypto market. So far, with the volume rising, the leading cryptocurrency has been pushing toward new all-time highs.

The next step from here is that the Bitcoin price does push upwards into areas with denser liquidity, which could trigger a renewed rally. In the charts shared, this area of dense liquidity is placed at $114,000, reaching which would mean a new all-time high for the Bitcoin price and a continued rise in the dominance before it tops. Once a top is reached on the Bitcoin dominance chart, the altcoin season is expected to start in full bloom.

Instead of Ethereum being expected to lead the start of the altcoin season, the crypto analyst points to how the XRP price has often reacted to moves like this in the past. Notably, despite the Bitcoin price leading the market into deep losses, the XRP price has refused to break below the $2 support.

The range that has plagued the altcoin began back in 2024 and has been around for six months. Previously, when the XRP price has ranged this much, it has often ended in a breakout, similar to what was seen back in October 2024.

Cryptoinsightuk explains that if Bitcoin is able to break out of this range, then it would be the catalyst for the XRP price to take off. Furthermore, the market has now plunged toward what the analyst refers to as the “Previous Alt Season Start Point”, suggesting a reset that could mean the start of the next altcoin season is around the corner.

The crypto analyst also pointed out the fact that there have been weeks of bearish divergence on the Bitcoin dominance chart. Given this, they believe the dominance will begin to fall soon and will do so quickly. In this case, the prices of altcoins like XRP are expected to rip higher, bringing in the next altcoin season. “Just to put things into context of how mental alt coins could go, the “XRP Move” box looks like just a blip, this equated to a 462% rise in $XRP price,” the analyst said.

The Bank of Korea (BOK) has reportedly halted its Central Bank Digital Currency (CBDC) project following the South Korean government’s focus on stablecoins. The shift has left project participants with “no long-term roadmap” and banks pivoting to this sector.

BOK Suspends Second Phase Of CBDC Testing

On Sunday, local news outlet Yonhap News Agency reported that the Bank of Korea had notified banks participating in the Han River Project that the second phase of CBDC testing would be suspended.

The BOK and seven banks began the first phase of testing in April, targeting 100,000 financial consumers and planning to complete it by June 30. Originally, the project was scheduled to start its second phase at the end of the year, testing peer-to-peer transfers, expanding payment merchant locations, and simplifying authentication methods.

However, banks reportedly raised concerns about the “excessive cost burden without concrete plans for commercialization,” leading to the project’s pause. Notably, the banking sector is bearing the cost of the project and recently demanded that the Bank of Korea provide a clear long-term roadmap with plans for commercialization.

Banks requested the BOK to “establish a ‘CBDC General User Real-Transaction Test Task Force’ involving all relevant departments of the Bank of Korea and banks to develop a long-term roadmap including post-test commercialization plans, and then realistically adjust the project schedule based on this roadmap.”

As a result, the BOK has concluded that it must clarify its internal stance and schedule regarding digital assets, as stablecoin momentum grows and discussions in the National Assembly and the private sector intensify.

According to a senior official at a commercial bank, the Bank of Korea explained that it would “wait and see how the situation develops, given that the legalization of stablecoins is currently underway, while it is unclear how CBDC, stablecoins, and deposit tokens differ and can coexist.”

Similarly, another senior official affirmed that the atmosphere is shifting toward stablecoins, detailing that “Until the dinner meeting between Bank of Korea Governor Lee Chang-yong and bank presidents on the 23rd, the atmosphere was not like this, but the situation has changed significantly since then.”

Nonetheless, the Han River Project could be reconsidered in 2026, according to another bank official, who claimed that the Bank of Korea mentioned the possibility of revisiting CBDC testing and “pushing forward with it around the first half of next year.”

Banks Prepare For Stablecoin Legislation

Following this development, banks participating in the CBDC project are expected to shift to stablecoin issuance as related legislation gains support, preparing for issuance with other banks or non-bank entities.

 At the start of the month, a member of South Korea’s ruling party, Min Byeong-deok, introduced a comprehensive bill to establish a more structured regulatory framework for crypto assets in the country.

As reported by Bitcoinist, the Democratic Party of Korea (DPK) lawmaker proposed the Digital Assets Basic Act to complement the Virtual Asset Investor Protection Act and offer a broader legal foundation for the industry.  Additionally, it focuses on implementing a licensing system for stablecoin issuers and clear rules.

The banking sector is considering a business model in which banks establish a joint venture to collectively issue stablecoins, while contacting various non-bank companies to prepare for the legalization and issuance of stablecoins.

A bank official affirmed that “It is unclear whether banks or big tech (large IT companies) and fintech (financial technology companies) will be the issuers of stablecoins,” adding that they “have no choice but to prepare for both scenarios before legalization.”

Another bank official stated that it is necessary to collaborate with fintech companies for scalability, explaining that banks are “not only discussing stablecoins with the Bank of Korea and other banks, but also meeting regularly with ‘payment’ companies, cryptocurrency exchanges, and blockchain companies to prepare for the issuance of stablecoins.”