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Nasdaq-Listed Tech Firm Approves 20% Crypto Allocation as Part of Treasury Strategy

bitcoinist.com - Thu, 06/26/2025 - 07:00

Aurora Mobile, a Nasdaq-listed technology firm based in China, has unveiled a new corporate strategy that includes investing a portion of its treasury into cryptocurrency assets.

On Tuesday, the company announced that its board of directors had approved the allocation of up to 20% of its total cash and cash equivalents toward digital assets, including Bitcoin, Ethereum, Solana, Sui, and others.

Treasury Optimization and Strategic Intent

The company emphasized that the crypto investment plan is structured to preserve asset value while exploring additional opportunities for strategic partnerships, market expansion, and ecosystem growth.

Aurora Mobile clarified that the new investment direction will not interfere with its day-to-day operations or long-term growth strategies. The firm also assured shareholders that sufficient liquidity will be maintained for ongoing operational requirements, and that the digital asset investments are a part of a balanced portfolio approach.

According to Aurora’s official press release, this initiative is aimed at enhancing asset diversification by including exposure to cryptocurrencies, which historically exhibit low correlation with traditional markets.

Company Chairman and CEO Weidong Luo noted that the move also reflects Aurora’s intent to keep pace with technological advancements in the financial sector.

Luo stated that this step signifies a commitment to “modernizing our treasury management practices,” positioning the firm at the convergence of emerging finance and digital infrastructure trends.

Founded in 2011, Aurora Mobile specializes in customer engagement and marketing technologies powered by cloud computing and AI. Despite being primarily focused on enterprise software solutions within China, Aurora is increasingly adopting global financial tools as part of its dual-engine growth strategy, which includes market expansion and AI-driven innovation.

Implications for the Broader Crypto and Tech Ecosystem

Aurora joins a growing number of publicly traded firms exploring digital assets as part of their corporate treasury strategies. While companies like Strategy (formerly MicroStrategy), Gamestop, Metaplanet, and Tesla made headlines with sizable Bitcoin allocations, Aurora’s approach appears more diversified, indicating a broader interest in the overall crypto market.

This strategy could serve as a signal to other mid-cap tech firms in Asia looking to explore asset diversification through blockchain-based instruments.

The timing of Aurora’s move follows the US Securities and Exchange Commission’s (SEC) decision to roll back controversial accounting guidance (SAB 121), which previously discouraged banks and publicly listed firms from holding crypto assets.

That regulatory shift may have contributed to a more favorable environment for corporate entities to allocate funds into digital assets.

With China maintaining a ban on retail crypto trading while showing openness toward blockchain development and central bank digital currency (CBDC) trials, Aurora’s decision could reflect a measured form of engagement that aligns with domestic policy frameworks while targeting global financial exposure.

Featured image created with DALL-E, Chart from TradingView

Bitcoin Exchange Flows Drop To 10-Year Low – Consolidation Or Supply Shock?

bitcoinist.com - Thu, 06/26/2025 - 06:00

Bitcoin is once again at a pivotal moment, trading near $106,000 after a turbulent week marked by sharp moves and high uncertainty. The leading cryptocurrency briefly lost the $100K mark following geopolitical tensions but rebounded strongly, gaining over 5% in less than 48 hours. This swift recovery highlights the extreme volatility dominating the market, with no clear trend direction established yet. Investors remain cautious, watching for signals that could define the next major move.

According to data from CryptoQuant, the average volume of Bitcoin flows—calculated by combining exchange inflows and outflows—has dropped to its lowest levels in 10 years. The drying up of liquidity suggests a broader market consolidation phase, where both buyers and sellers are waiting for clearer macro or technical signals.

While reduced exchange activity often points to investor indecision, it can also indicate that a supply squeeze is building in the background, especially if large holders are moving coins into cold storage. As Bitcoin holds just above key support, the combination of low liquidity and rising tension could spark the next explosive move in either direction.

Bitcoin Faces Pivotal Moment Amid Divided Market Outlook

Bitcoin is once again under the spotlight as it navigates one of its most critical technical and macroeconomic junctures of the year. After plunging below the $100,000 level during the weekend following the US military strike on Iran’s nuclear facilities, BTC has since rebounded, reclaiming key support levels above $105,000 after a ceasefire was announced. This rapid recovery underscores the extreme volatility gripping the crypto market, but also highlights the uncertainty surrounding Bitcoin’s next move.

At current levels—roughly 5% below its all-time high—Bitcoin appears stable on the surface but is facing a major test of strength. While some analysts anticipate a breakout toward new record highs, others warn that the lack of momentum could signal a deeper retrace below the psychological $100K mark. Price structure remains intact for now, but the absence of a clear trend direction is keeping investors on edge.

Top analyst Axel Adler provided key data that adds to the complexity. According to his outlook, the average volume of Bitcoin flows on centralized exchanges—combining both inflows and outflows—has dropped to just 40,000 BTC per day. This is the lowest level seen in a decade.

A significant portion of Bitcoin has moved off exchanges, indicating strong long-term holding behavior but also signaling a potential liquidity shortage. If demand returns while supply remains constrained, Bitcoin could experience sharp upward price pressure. Until then, the market continues to hover in a state of cautious anticipation.

BTC Price Analysis: Testing Resistance Around $109K Level

Bitcoin is showing renewed strength on the 3-day timeframe, trading at $107,029 after rebounding sharply from last week’s lows around $98,000. The chart highlights two key horizontal levels—$103,600 acting as solid support, and $109,300 as strong resistance. This range has become the core consolidation zone for BTC since early May, with multiple rejections and failed breakdowns showing the market’s indecision.

Price is now pressing toward the upper boundary of this range after a successful reclaim of the 50-day moving average (blue), which sits near $94,891. Notably, the 100-day (green) and 200-day (red) moving averages remain well below current prices, indicating that the long-term trend is still bullish despite recent volatility.

Volume remains relatively stable, but lacks the explosive conviction typically seen during breakout rallies. For Bitcoin to push decisively into new highs, bulls must flip the $109,300 resistance into support. A clear breakout above this level could initiate a new leg higher toward uncharted territory.

Until then, BTC appears to be locked in a controlled consolidation, with $103,600 offering a reliable support base. As long as this level holds, the structure favors the bulls, but a rejection at resistance could invite another round of uncertainty.

Featured image from Dall-E, chart from TradingView

Dogecoin Insider Issues Warning To Community – What To Know

bitcoinist.com - Thu, 06/26/2025 - 05:00

One of the most trusted voices in the Dogecoin community is sounding the alarm again. This time, it’s a message aimed at newcomers who might not realize how easy it is to lose everything in their crypto wallets.  

Mishaboar, a longtime Dogecoin supporter and educator, posted a simple but serious reminder about how cold crypto wallets and seed phrases function.

Your Coins Are Not In Your Wallet

Mishaboar’s post cuts straight to the point. Too many people, especially newer holders, still believe that their coins live inside their wallets, whether it’s a hardware device or an app. But the truth is that the coins are always on the blockchain. What the wallet holds is access, and that access comes from the seed phrase. If users lose that phrase or their wallets are reset without saving it, there’s no magic button to get the cryptocurrencies back.

He explained it this way: if you “reset your device and generate a new seed phrase,” the old one and the wallet it controlled are effectively erased from that device. The coins still exist on the blockchain, but unless there’s the original phrase written down somewhere safe, the user is going to be locked out forever. 

Mishaboar recommended the known adage of keeping multiple backups of the seed phrase in safe, offline places. It’s important to store these backups offline, not on a digital device or in an email, but somewhere physical. Because once the seed phrase is gone, there’s nothing anyone, not even the wallet provider, can do to help. Interestingly, the whole warning was warranted by a few posts on Reddit about people who lost all their coins when they reset their cold wallet and generated a new seed phrase.

Dogecoin Price Rallies Off Support After Weekend Sell-Off

Dogecoin’s price has been going through its own kind of drama over the past week. Daily prices from June 18 to June 25, Dogecoin traded between $0.145 and $0.170. It hit a weekly low of $0.1513 around June 22 before rebounding and closed June 24 at $0.1657. A swing took place over the weekend that pushed Dogecoin’s price from about $0.157 to $0.143, before snapping back to roughly $0.153 amidst a trading volume over five times the average.

Following that rebound, Dogecoin soared roughly 6.6% on June 24 above a descending trendline and rose from about $0.1508 to an intraday high of $0.1673. At the time of writing, Dogecoin is trading at $0.1667, up by 1.6% in the past 24 hours. However, Dogecoin is still down a few percent over the full week. Data from CoinGecko places the 7-day change at a negative 2.9%.

Dogecoin Flashes Possible Trend Reversal With Key Bullish Cross Approaching

bitcoinist.com - Thu, 06/26/2025 - 04:00

While Dogecoin’s price has witnessed a notable downward trend to levels not seen in months, bullish predictions from analysts are swelling within the crypto community. DOGE’s recent crash may have flattened upward momentum, but the phase could be laying the foundation for something big.

Is An Uptrend For Dogecoin On The Horizon?

Dogecoin has seen one of the highest declines this cycle, falling from a yearly high of $0.48 to the $0.15 support level. However, all of this could be history as the largest dog-themed meme coin hints at a major rally in the short term.

After delving into Dogecoin’s price action, Trader Tardigrade, a seasoned technical expert and investor, revealed that DOGE might be poised for a bullish comeback as a key cross approach. The emergence of this crucial cross shows that the meme coin is slowly building momentum beneath the recent pullback for a sharp rebound.

Trader Tardigrade has identified the bullish cross on the Moving Average Convergence Divergence (MACD) indicator on the Dogecoin daily time frame chart. Such a technical development is often seen as a precursor to a shift in trend. 

This cross is a sign of strength with chart patterns supporting upward momentum following a period of consolidation and pullback. If verified, this technical crossover might serve as a launching pad for DOGE’s subsequent upward run and pave the way for a more extensive rally. “When the Bullish Cross occurs, DOGE will return to an uptrend,” the expert stated.

In the weekly time frame, Trader Tardigrade has hinted at a significant rally for DOGE as a massive macro Cup and Handle pattern develops. A cup and handle formation is a technical structure that signals a shift from a bearish to a bullish trend or the continuation of an upward trend.

Looking at the weekly chart, the key pattern seems to have been forming since the last bull market cycle in 2021. Despite prior price spikes and pullbacks, Dogecoin has stayed within the macro cup and handle pattern during this period.

Since cup and handle patterns are known for their upside capabilities, Trader Tardigrade believes that a sharp rally to unprecedented price levels is unfolding. Once the meme coin breaks out of the key setup, it could propel its price to $2.85 by 2026, marking a new all-time high.

A Previous Spike Set To Return

Despite bearish pressure, DOGE continues to display a flair for a rebound and a robust rally of 260%, as predicted by Mind Trader, a crypto analyst. While the meme coin displays signs of a bounce, the weekly chart shows it has formed a possible double-bottom support.

Mind Trader’s prediction is based on a past move that led to a 260% price increase for DOGE. According to the expert, this notable surge hinges on a break above the week 21 Simple Moving Average (SMA).

Presently, Mind Trader expects a break above the weekly 21 SMA, currently at $0.20, to reignite positive momentum. With the trend potentially leading to past results, Dogecoin could be preparing for another 260% surge in the upcoming weeks.

Bitcoin Weekly Drawdown Shrinks To 4.7% – Calm Before The Next Breakout?

bitcoinist.com - Thu, 06/26/2025 - 03:00

Bitcoin is showing renewed strength above the $106,000 mark following a turbulent period driven by escalating Middle East tensions. Over the weekend, uncertainty spiked as geopolitical risks surged, but the announcement of a ceasefire between Iran and Israel has brought a degree of relief to global markets, crypto included. BTC has since reclaimed key levels, with bulls regaining short-term control.

According to data from CryptoQuant, the current market structure reflects a healthy and maturing bull cycle. Since the rally began in November 2022, Bitcoin has only experienced two major drawdowns exceeding 30%—one in August 2024 and another in April 2025. In both cases, prices quickly recovered and went on to set new all-time highs, signaling resilience and strong demand beneath the surface.

More importantly, all other corrections during this cycle have remained within a typical 10–20% range, functioning as short-term “shake-outs” rather than signs of weakness. At present, Bitcoin’s weekly SMA drawdown sits around -7%, while the overall drawdown is only -4.7%, suggesting the market is in a stable consolidation phase between $100,000 and $106,000. With volatility easing and buyers stepping in, BTC appears well-positioned for its next decisive move.

Bitcoin Consolidates As Market Maturity Reinforces Bullish Outlook

Bitcoin’s price action remains in focus after a sharp drop to $98,000 triggered market-wide concern. However, BTC quickly rebounded, climbing above the $105,000 level and stabilizing in a narrow consolidation range. While speculation around a potential double top continues to circulate, on-chain metrics suggest no structural breakdown. Market sentiment has leaned slightly bearish, but the underlying trend remains intact.

Top analyst Axel Adler highlighted a critical pattern: since the bull market began in November 2022, Bitcoin has only faced two significant corrections exceeding 30%—in August 2024 and April 2025. Both times, the asset swiftly recovered and moved on to set new highs. Outside of these episodes, price pullbacks have remained within the typical 10–20% range, functioning as healthy shake-outs rather than breakdowns. This consistency reflects a maturing market with stronger hands and more disciplined demand.

As of now, the weekly SMA drawdown sits around -7%, and the current drawdown is a modest -4.7%, reinforcing the idea of calm consolidation within the $100K to $106K range. The pattern of deep correction followed by accumulation and then a renewed push higher has defined this cycle. If this structure holds, Bitcoin could be gearing up for another leg toward new all-time highs. Confidence continues to grow that BTC’s path remains upward, driven by macro adoption, decreasing exchange liquidity, and the strengthening belief in Bitcoin as a long-term store of value.

BTC Approaches Key Resistance After Sharp Recovery

Bitcoin is currently trading at $106,622 on the 12-hour chart after rebounding strongly from the recent low of $98,000. The recovery, sparked by geopolitical de-escalation in the Middle East, pushed BTC above the critical $103,600 support level and into a renewed bullish structure. Price has now crossed above the 50 and 100-period moving averages ($105,410 and $105,309), a short-term positive signal suggesting growing momentum.

Volume also surged during the bounce, confirming strong buyer interest near the $100K mark. BTC now faces a decisive resistance zone around $109,300—the previous local top and a level where sellers have historically stepped in. If bulls manage to push through this zone with volume, it would likely trigger a breakout toward new highs.

However, rejection at this level could send Bitcoin back to retest the $103,600 support. The current consolidation range between $103K and $109K has served as a high-activity zone since early May, and a breakout in either direction would provide clearer market direction.

Featured image from Dall-E, chart from TradingView

Ichimoku Clouds Indicate XRP Price Is Ready To Break Descending Triangle

bitcoinist.com - Thu, 06/26/2025 - 02:00

A recent technical analysis leveraging the Ichimoku Cloud indicator suggests that the XRP price is gearing up to break out from a long-standing Descending Triangle chart pattern. While prices previously dipped below the $2 mark, analysts remain optimistic on XRP’s outlook, forecasting new upside targets and a sustained rally as bullish signals begin to align.

XRP Price Edges Toward Major Breakout Zone

XRP’s weekly chart, presented by X (formerly Twitter) crypto analyst Dark Defender, is signaling the potential start of a major bullish move as the cryptocurrency approaches the apex of a Descending Triangle formation. After months of consolidation, the price is now testing the upper boundary of this pattern, with momentum building from both price structure and technical indicators.

A key technical factor outlined by Dark Defender is XRP’s current interaction with the Ichimoku Cloud indicator. Recently, the XRP price has begun to break into the lower region of the green cloud—a move that historically precedes bullish trend shifts when confirmed with other technical signals. 

The chart also shows XRP maintaining a rounded cup formation that began after the previous corrective structure labeled A-B-C. This cup formation reinforces the cryptocurrency’s bullish case and suggests accumulation over the last several months. As this cup pattern nears completion, XRP is also forming what appears to be the second wave in an impulsive five-wave Elliott sequence.

If the altcoin’s price breaks convincingly above resistance levels at $2.19, $2.22, and $2.33, Dark Defender predicts that the next leg higher could begin immediately, targeting the 161.8% Fibonacci Extension at $3.61. This would mark a significant shift in market structure, confirming the potential end of XRP’s long-standing consolidation and the resumption of bullish momentum. 

Interestingly, Dark Defender notes that June and July are expected to be a “hot” period for XRP. The analyst closely watches these months for signs of a breakout confirmation, mainly as XRP trades just above the long-term support zone between $2.07 and $1.88. These levels have held strong through recent dips and also align with the 26.3% Fibonacci Retracement level of the previous cycle. 

Path To $5.85 Opens Up

If XRP rallies to $3.61, Dark Defender forecasts that the next phase of the Elliott Wave count suggests that XRP could surge even higher, potentially reaching the 261.8% Fibonacci Extension level near $5.85. This price zone has now emerged as a significant upside target in the current projection, representing the top of a potential Wave 3-4-5 structure. 

The analyst’s chart shows Wave 3 of the five-wave impulse structure stretching toward the initial $3.61 target. Once this wave completes, a short-term correction is expected in Wave 4, likely forming a healthy pullback before the final leg higher. The anticipated Wave 5 is projected to be a parabolic move, potentially driving the XRP price to a new ATH around $5.85.

XRP Ledger Upgrade Goes Live—Rippled 2.5.0 Changes It Forever

bitcoinist.com - Thu, 06/26/2025 - 01:00

The XRP Ledger just took a major step forward. On June 25, Ripple officially released version 2.5.0 of rippled, the reference implementation of the protocol—and with it, a series of proposed amendments that could reshape the very architecture of how decentralized finance operates on the network. Chief among them: the long-anticipated rollout of permissioned domains and batch transaction processing, amendments that some insiders believe may be transformative—or even divisive.

According to the official release notes, the upgrade opens voting on seven amendments, each targeting a critical area of ledger functionality. Most headline-grabbing is XLS-81 (PermissionedDEX), which introduces credential-gated domains within the XRPL’s decentralized exchange. These permissioned domains would restrict participation to KYC-verified actors, enforcing compliance rules directly on-chain.

In parallel, XLS-75 (PermissionDelegation) enables more flexible account management, XLS-56 (Batch) allows atomic execution of grouped transactions, and XLS-85 (TokenEscrow) extends escrow capabilities to IOUs and multi-purpose tokens. Smaller but crucial patches—like PayChanCancelAfter and EnforceNFTokenTrustlineV2—address edge-case vulnerabilities. Notably, AMMv1_3 introduces invariant checks for XRPL’s evolving automated market maker (AMM) functionality, marking a tightening of protocol-level controls for on-chain liquidity operations.

Still, it is the PermissionedDEX functionality that has triggered the loudest reaction among analysts, raising complex questions about liquidity, compliance, and the future role of XRP in bridging segregated financial environments.

Rippled 2.5.0 Redefines The XRP Ledger Ecosystem

Renowned XRP commentator WrathofKahneman framed the significance starkly: “This latest release of RippleD, 2.5.0 includes amendments that may change the XRPL ecosystem forever, especially permissioned domains. They may be the best way to bring big money on chain, but they also segregate liquidity.”

That concern—liquidity fragmentation—has become central to the debate. In a prior thread dated June 17, Wrath explained that XLS-80, the technical foundation for permissioned domains, would allow the creation of decentralized exchange environments restricted to credentialed participants. This structure introduces the possibility that, for example, a regulated entity like Bank of America could trade XRP/RLUSD pairs in a domain inaccessible to retail participants, fragmenting the DEX into parallel liquidity silos.

While this may increase compliance and institutional appeal, it complicates the DEX’s market efficiency. “You might trade XRP/RLUSD while BofA is trading it alongside using orders you aren’t credentialed to participate in,” Wrath noted. The fragmentation resembles Ethereum’s KYC-gated DeFi pools, though XRPL’s approach embeds permissions directly at the protocol level.

This protocol-native compliance could give it a strategic edge. Ethereum-based solutions like Aave Arc rely on off-chain verification layers and segregated contract deployments. XLS-80, in contrast, enforces credential logic within the ledger itself. As Wrath wrote: “XLS-80 would embed compliance directly into the protocol. In contrast, Ethereum handles compliance off-chain.”

Still, the liquidity segmentation raises inevitable arbitrage questions. X user blk4432 observed: “I think they would arbitrage XRP between public and private. I think greed wouldn’t allow entities to leave money on the table because ‘walled garden.’” Wrath replied in agreement, adding: “Anyone credentialed for one domain is also already credentialed on the main. If they can get away with it and remain compliant, I’m sure they will.”

This opens the door for a new class of profit-seeking credentialed market makers, potentially including Ripple itself. Wrath theorized that Ripple could initially hold the credentials required to span all domains, allowing it to operate as a regulated liquidity bridge—facilitating trades across siloed order books and collecting spreads. “Ripple can compliantly route liquidity and arbitrage between the siloed books. That would position them as a regulated market maker,” he wrote.

The implications for XRP are significant. If permissioned domains gain adoption among institutions, the token may see increased demand as a bridging asset—used to facilitate arbitrage across fragmented liquidity environments. However, that demand will be contingent on whether the market makers navigating those silos hold the necessary credentials and can do so profitably.

Beyond trading, the permissioned framework could reshape other components. Future extensions could see credentialed access applied to liquidity pools in the AMM, unlocking compliant on-chain yield strategies for regulated entities—an area that’s largely out of reach for institutions on public chains today.

At press time, XRP traded at $2.1889.

Bitcoin Bearish Bets Mount: Funding Rates On Binance Slides Into Negative Territory

bitcoinist.com - Thu, 06/26/2025 - 00:00

As Bitcoin gradually recovers from its recent breakdown below the $100,000 mark, it appears to have triggered a fresh wave of bearish activity from investors. Its market dynamics are about to transition as key metrics such as the Funding Rates on the Binance platform have taken a negative turn.

Binance Traders Betting Against Bitcoin

In a dramatic bounce, Bitcoin has reclaimed the $105,000 price mark and is slowly approaching $106,000. While BTC has recovered, the impressive run has been met with negative sentiment, particularly from investors on Binance, the largest cryptocurrency exchange.

Darkfost, a verified author for CryptoQuant, reported that funding rates on the Binance exchange have declined sharply, signaling a shift in trader sentiment. Data from the expert reveals that the rates dropped to the -0.0033 level just as BTC swiftly bounced back since this past weekend.

This scenario implies that traders are progressively placing bets on further decline, indicating that bearish pressure is building on Binance. Negative funding rates may signal pessimism, but historically, they have also preceded short squeezes. As the price of Bitcoin navigates increased volatility and shifting momentum, this is a crucial period to observe.

According to the on-chain expert, negative financing rates suggest that most open positions are currently short as investors question whether the recent upward move is sustainable. Although this may initially appear to be negative, markets often move against the crowd, particularly when there is an overcrowded short side.

Furthermore, Darkfost has drawn attention to past scenarios, particularly in September last year. During the period, the market constantly shifted in the opposite direction whenever Binance’s funding rates fell into negative territory, whether in the short or medium term.

However, the sole exception was when new tariff policies were announced, momentarily altering market dynamics. If shorts persistently increase on the Binance platform, Darkfost is confident that these positions could eventually bolster the rally that started earlier this week.

Thus far, the expert has offered one key takeaway, stating that it is crucial to understand that the natural tendency of traders leans toward longing the market, which makes this current signal more remarkable.

BTC To Surge To A New All-Time High

After rallying earlier this week, BTC is currently facing significant resistance at the $106,500 threshold. However, this resistance level could give way soon, as Michael Van De Poppe, a market expert, has predicted a major rally to new all-time highs.

According to the expert, Bitcoin is stalling at levels below $106,500 until the next significant surge to new highs occurs. Van De Poppe believes that the anticipated move is only a matter of time, and BTC is likely to reach a new peak in July. Therefore, the expert suggests “buying the dip now is the best strategy.”

Market Expert Says Ripple Vs. SEC Lawsuit Is In Final Chapter, Here’s Why

bitcoinist.com - Wed, 06/25/2025 - 23:00

Market expert Abraham has declared that the Ripple vs. SEC lawsuit is in its final chapter, with the long-running legal battle coming to a close. The expert also explained how this would lead to a “regulatory breakout” for XRP, with the altcoin coming out favored. 

Ripple Vs. SEC Lawsuit Approaching A Final Resolution

In an X post, Abraham affirmed that market participants are witnessing the last chapter of the Ripple vs. SEC lawsuit. He remarked that XRP is about to emerge not just free but favored. The expert then alluded to how both parties have jointly paused their appeals, which confirms that they are ready to settle and reach a final resolution. 

Both parties recently filed a status report before the appeals court, in which they asked for an extension of the pause on the case while they get an indicative ruling from Judge Analisa Torres. Abraham noted the joint motion, which has been filed in the Ripple vs. SEC lawsuit, for this indicative ruling. 

He explained that both parties seek Judge Torres to dissolve the injunction against Ripple and lower the civil penalty against the crypto firm to $50 million. The expert remarked that this isn’t just a “slap on the wrist” but a public signal that Ripple won. Abraham added that institutions are watching. 

As to what happens next, the expert is confident that Judge Torres will issue her final ruling in the Ripple vs. SEC lawsuit, likely validating that XRP is not a security. When this happens, Abraham predicts that every institution sitting on the sidelines gets the green light. This is what he described as the “regulatory breakout” moment. Basically, this would clear the “legal cloud” over XRP for good. 

XRP ETFs On The Horizon

With the Ripple vs. SEC lawsuit in its final chapter, Abraham is confident that the XRP ETFs could get approval anytime soon. He noted that these funds have just entered their public comment phase. Meanwhile, their approval odds in 2025 are over 90% based on current legal momentum, clarity, and market demand. Based on this, the expert declared that the “ETF floodgate is about to burst.”

He then proceeded to highlight the factors that will be the setup for the next XRP bull cycle, including the Ripple vs. SEC lawsuit. The end of the lawsuit will bring about regulatory clarity and also open the path for approval for the XRP ETFs. These ETFs will lead to institutional access. Meanwhile, Abraham predicts that XRP’s global use case will explode in the process, with utility demand being greater than retail speculation. 

At the time of writing, the XRP price is trading at around $2.17, up in the last 24 hours, according to data from CoinMarketCap.

Ethereum Builds Critical Pattern On Daily Chart, Volatility Ahead

bitcoinist.com - Wed, 06/25/2025 - 22:00

The Ethereum 1-day chart is shaping an intriguing technical formation that could define its next move. This setup reflects growing uncertainty in the market but also sets the stage for high-impact volatility.

Ethereum Approaches Decision Point: Breakout Or Breakdown?

Ethereum is currently forming a megaphone pattern, a broadening formation characterized by widening price swings and increasing volatility. This structure typically reflects market indecision, as both bulls and bears battle for control, leading to expanding highs and lows.

Sharoon Gill noted on X that the widening price action is a key signal that volatility is building, and a significant move could be on the horizon. Sharoon Gill points to two crucial levels to watch closely: a breakout above $2,400 would confirm bullish momentum and pave the way for further gains, while a drop below $2,240 may indicate a bearish breakdown and trigger a downward move.

Evrenos Albarson shared a sharp take on Ethereum’s positioning, pointing out that the 4-hour chart looks decent, and for ETH to maintain any bullish momentum, it must reclaim the $2,550 level, a threshold that would signal strength and consolidation to the upside.

However, if ETH fails to push above $2,550, the market could face a sudden drop to $1,800 as Evrenos Albarson targets a support zone from the consolidation phases.

According to Bit Amberly, Ethereum is showing early signs of a rebound as it bounces off the lower boundary of a broadening wedge. This pattern, often associated with potential reversals, suggests that ETH may be gearing up for a bullish push and provide key support holds.

If ETH holds above the $2,400 area, it will open the door for a climb toward $2,500, with further upside targets at $2,680 and $2,850 levels, which align with previous reaction zones and technical extensions.

Ethereum Clears Channel, But Can It Sustain Above Resistance?

Ethereum has broken out of a descending channel on the 2-hour chart, a move that signals a shift in short-term bullish momentum. This breakout marks the end of the recent downtrend

Currently, Crypto Avi mentioned that ETH is trying to break through the major resistance zone at $2,446 on the chart. If ETH manages to break above the resistance zone, the next upside target will be $2,700, a level that aligns with short-term technical projections.

Whales_Crypto_Trading reported that Ethereum has successfully breached the ascending channel formation on the 8-hour chart, showing an acceleration in bullish momentum, pushing ETH beyond a technical boundary that had contained price action.

If the momentum continues to build, Whales_Crypto_Trading suggests that ETH could surge toward the next target at $3,050, a level that represents an important resistance zone.

Turkey Tightens Grip On Crypto To Foil Money Launderers

bitcoinist.com - Wed, 06/25/2025 - 21:00

Turkey’s Ministry of Treasury and Finance rolled out new rules this week to stop money laundering through crypto trades. Users now have to put in a transfer note of at least 20 characters explaining why they’re moving funds.

At the same time, platforms must collect clear proof of where the money came from. These steps come as crypto use in Turkey has surged, driven by high inflation and a shaky currency.

New Transfer Rules Take Effect

According to the Treasury and Finance Ministry, every crypto transfer needs a note that’s at least 20 characters long. Users must say what the transfer is for. Crypto Asset Service Providers, or CASPs, will ask for documents and details to show where funds originated. The aim is to make it harder for bad actors to hide illicit gains in thousands of transactions each day.

Withdrawal Delays To Curb Crime?

Based on reports from officials, first-time withdrawals will face a 72-hour waiting period. After that, any withdrawal that doesn’t meet the FATF “travel rule” will be delayed by at least 48 hours. The goal is simple. Give investigators a window to check if funds come from illegal betting or online fraud before they disappear.

Turkey Sets Limits On Stablecoin Moves

Authorities will cap stablecoin transfers at $3,000 per day and $50,000 per month. Platforms that fully follow travel-rule checks can double their users’ limits to $6,000 daily and $100,000 monthly. This tiered system pushes exchanges toward higher compliance without shutting out small traders who move modest sums.

Users active in market making, liquidity provision, or cross-market arbitrage can skip some of the tighter checks if they show proof of clean funds. They must work through licensed platforms and provide clear documents. This exemption acknowledges that professional traders add volume and keep prices stable.

Penalties For Platforms That Don’t Comply

Treasury and Finance Minister Mehmet Şimşek warned that any CASP ignoring the new rules could face heavy fines, license denial, or outright cancellation. Platforms will need stronger KYC teams and new software systems to tag transfers with notes and verify sources. Smaller outfits could struggle with the added cost.

A Balancing Act For Crypto’s Future

Crypto adoption in Turkey ranks among the highest in the world. Officials don’t want to slow growth. They argue these steps guard honest users while making it much harder for criminals to exploit the market.

As the rules kick in, domestic exchanges will race to update their systems. Traders may grumble about extra paperwork and waiting times. Still, many believe the extra checks will give institutions and big-time investors more confidence to join in.

Featured image from Chainalysis, chart from TradingView

Cardano Just Rewrote Its Scaling Playbook—Here’s What’s Coming

bitcoinist.com - Wed, 06/25/2025 - 20:00

A June 24 blog post by Input Output Research (IOR) and the Intersect Research Working Group marks the clearest pivot yet in Cardano’s scaling strategy. Rather than elevating Hydra as a lone panacea, the six-minute read recaps a recent IOR research session and positions Hydra as simply one branch of a broader, interoperable layer-2 ecosystem.

“Hydra aims to deliver scalable off-chain transaction execution while preserving the security guarantees and settlement finality of layer 1,” writes Director of Research Partnerships at IOG Fergie Miller. In the post, he separates the protocol into Hydra Heads, “state channel protocols for small, fixed participant groups,” and Hydra Tails, “rollup-inspired models operated by a central party, targeting broader scalability for applications with higher throughput needs.”

A third thread—Hydra Inter-Head—pursues virtual channels that stitch multiple heads together, while new State-Channel Optimization Tools and Auditing Tools seek, respectively, to minimize routing latency and expose aggregate metrics without revealing individual transactions. The latter, Coretti-Drayton notes, is “designed to balance privacy with accountability.”

Cardano’s Layer-2 Solutions

After Hydra’s status update, the blog introduces four independent projects now vying to expand Cardano’s throughput and design space:

Midgard (Anastasia Labs) — an Optimism-like optimistic roll-up adapted to Cardano’s extended-UTXO ledger, with deterministic fraud proofs and minimal multisig governance. Midgard is already open-sourced, and an MVP is slated for mainnet before year-end, according to co-founder Philip DiSarro.

zkFold (zkFold SA) — a zero-knowledge roll-up that “compresses hundreds of transactions into a single layer-1 submission,” offering near-instant finality and lower bandwidth. Lead researcher Vladimir Sinyakov targets a public testnet this year and full smart-contract support thereafter.

Eryx ZK Bridge — Carolina Lang’s cooperative is engineering “a built-in ZK bridge on Cardano” to enable isomorphic chain communication, leveraging expertise from Zcash and StarkNet to keep proofs auditable and modular.

Gummiworm (Sundae Labs) — Pi Lanningham’s horizontally scalable, Hydra-inspired roll-up “decouples transaction execution from custody,” letting liquidity remain composable across multiple heads while preserving atomic swaps.

The New Scaling Playbook

The blog’s round-table synopsis highlights three recurring themes. First is interoperability: DiSarro and Sinyakov argue that Cardano must avoid Ethereum-style fragmentation by standardising interfaces so users can traverse roll-ups seamlessly.

Second is capital efficiency: Lanningham warns that locked liquidity inside isolated protocols “remains a key barrier to adoption,” proposing bonding mechanisms and cross-protocol composability to keep funds fluid.

Third is security: Coretti-Drayton insists on “rigorously defined properties and mathematically provable guarantees,” while Lang calls for a stronger zero-knowledge community to audit increasingly complex cryptographic circuits.

Looking three to five years out, each participant stakes out a distinct priority. Coretti-Drayton doubles down on formal proofs for Hydra. DiSarro sees roll-up throughput alleviating strain on layer-1 fee revenues. Sinyakov plans to harness blob-style data-availability layers for bandwidth. Lang believes Cardano’s specification culture makes it “uniquely compatible with ZK-based applications,” and Lanningham bets on collaborative, open-source development to outpace closed alternatives.

The post closes with a sober assessment: “Cardano’s scaling future will not be defined by a single protocol but by a constellation of interoperable, specialized layer 2 solutions—each contributing distinct performance, privacy, and usability enhancements.” In other words, Hydra is evolving, but it is no longer expected to carry the network alone. Cardano’s new playbook is modular, pluralistic, and—if the blog’s call for shared standards holds—strictly cooperative.

At press time, ADA traded at $0.58, up 15% since Sunday’s low.

Британский банк Barclays запретил покупку криптовалюты за деньги с кредитных карт

bits.media/ - Wed, 06/25/2025 - 19:07
Крупный британский банк Barclays объявил о запрете на использование кредитных карт для покупки криптовалют. Запрет начнет действовать 27 июня, с этого дня любые подобные транзакции должны будут блокироваться.

FT: Российский стейблкоин A7A5 стал важным инструментом международных транзакций

bits.media/ - Wed, 06/25/2025 - 19:03
За четыре последних месяца через криптобиржу Grinex, зарегистрированную в Кыргызстане, прошло более $9,3 млрд в рублевых стейблкоинах A7A5, заявили журналисты газеты Financial Times.

Warning From Central Banks: Stablecoins Fall Short As Effective Monetary Tools

bitcoinist.com - Wed, 06/25/2025 - 19:00

The Bank for International Settlements (BIS) has issued a stark warning regarding the alleged risks associated with stablecoins, urging nations to expedite the tokenization of their currencies. 

Stablecoins Under Scrutiny

The BIS, often referred to as the central bank for central banks, highlighted concerns such as stablecoins’ potential to undermine monetary sovereignty, transparency issues, and the risk of capital flight from developing economies. 

This announcement comes shortly after the US Senate passed the country’s stablecoin bill (GENIUS Act), aimed at establishing a regulatory framework for US-dollar-pegged stablecoins, a move that could significantly boost their popularity if approved by the House.

In an early release of its annual report, the BIS stated, “Stablecoins as a form of sound money fall short, and without regulation pose a risk to financial stability and monetary sovereignty.” 

Hyun Song Shin, the BIS’s Economic Adviser, elaborated on the limitations of stablecoins, noting that they lack the traditional settlement functions provided by central banks. 

He drew parallels to the private banknotes that circulated during the 19th-century Free Banking era in the United States, emphasizing that stablecoins can trade at varying exchange rates based on the issuer, which undermines the reliability of central bank-issued currency.

Shin also warned of the potential for “fire sales” of the assets backing stablecoins in the event of a collapse, referencing the failures of TerraUSD (UST) and LUNA in 2022. 

Additionally, concerns have arisen regarding the control of stablecoins, particularly given that Tether commands more than half of the market but withdrew from the European Union following the introduction of new licensing requirements for stablecoin operators.

BIS Advocates For Tokenized Unified Ledge

Andrea Maechler, Deputy General Manager of the BIS, pointed out that issues surrounding transparency and asset quality remain critical. “You will always have the question about the quality of the asset backing. Is the money really there? Where is it?” she asked.

To address these challenges, the BIS advocates for central banks to pursue a tokenized “unified ledger” that incorporates central bank reserves, commercial bank deposits, and government bonds

This approach aims to ensure that central bank money remains the primary means of global payment while integrating currencies and bonds into a single “programmable platform.” 

Tokenization is expected to create a digitalized central banking system that facilitates instantaneous and cost-effective payment and securities transactions by eliminating time-consuming checks, while also enhancing functionality.

The proposed system aims to accomplish, according to the bank, “greater transparency, resilience, and interoperability,” potentially shielding it from some of the more volatile aspects of cryptocurrencies

However, significant hurdles remain, including the question of who will establish the governing rules for the platform and the desire of individual countries to maintain control over their monetary systems.

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

Mastercard & Chainlink Let 3B+ Spend Crypto — Is Best Wallet Token the Big Winner?

bitcoinist.com - Wed, 06/25/2025 - 18:45

Mastercard announced a major partnership with Chainlink. The landmark deal enables over 3B cardholders to purchase cryptocurrencies directly on-chain.

The partnership, officially announced on June 24, 2025, allows users to use Mastercard credit or debit cards to buy tokens on decentralized exchanges (DEXs) like Uniswap, with crypto deposited straight into their wallets – no centralized exchange or off-chain intermediary required.

The logic behind the move was obvious, says Sergey Nazarov, co-founder of Chainlink.

“There’s no doubt about it – people want to be able to easily connect to the digital assets ecosystem, and vice versa.” – Sergey Nazarov, co-founder of Chainlink

Seamless Fiat-to-Crypto Integration

The initiative is being rolled out via Swapper Finance. This decentralized platform uses Chainlink’s oracle infrastructure to facilitate secure and verifiable communication between off-chain financial systems and on-chain smart contracts.

The integration is sophisticated but correspondingly powerful:

  • Shift4 handles card processing and authorization
  • ZeroHash manages compliance, fiat-to-crypto conversion, and custody
  • Chainlink’s decentralized oracles securely deliver transaction metadata to Swapper smart contracts
  • XSwap, the protocol’s liquidity engine, executes the token swap on decentralized exchanges like Uniswap

The end result is that the user receives crypto in their wallet swiftly, with no separate app or centralized exchange needed.

Since there are 3B Mastercard users, that’s a huge expansion of potential crypto users. Mastercard + Chainlink = DeFi + TradFi

This collaboration marks one of the most significant advancements in bridging traditional finance (TradFi) with decentralized finance (DeFi), offering a number of solutions to classic crypto pain points:

  1. Frictionless onboarding: No more multi-step process of registering on an exchange, undergoing KYC, transferring funds, and setting up wallets. Users can simply swipe their Mastercard in-app and receive crypto directly in a DeFi wallet.
  2. Scale and accessibility: Mastercard’s reach (3B+ users) gives the initiative unprecedented scale.
  3. Security and transparency: Users across the blockchain economy trust Chainlink’s security infrastructure.

When DeFi was originally conceived, the idea was that the two worlds – DeFi and TradFi – would occupy separate worlds; one controlled and regulated, the other private and freewheeling.

But in recent years, the two realms have come together to produce something rather more powerful, something emphasized by Mastercard’s EVP of Blockchain & Digital Assets, Raj Dhamodharan.

In coming together with Chainlink, we’re unlocking a secure and innovative way to revolutionize on-chain commerce and drive the broader adoption of crypto assets. – Mastercard’s EVP of Blockchain & Digital Assets, Raj Dhamodharan

There’s another step forward in the evolution – personal, non-custodial web3 wallets that make crypto possible for everyone. That’s where Best Wallet comes in.

Best Wallet Token ($BEST) – The Big Winner from the Mastercard + Crypto Marriage

Best Wallet token ($BEST) powers the Best Wallet ecosystem, one of the leading web3 non-custodial wallets. With Best Wallet, users can participate smoothly and seamlessly in the web3 world, without compromising their control of their crypto.

$BEST provides investors with:

  • Lower transaction costs
  • Higher staking rewards
  • Community governance
  • Early access to the best crypto presales

That last one is worth noting. Like the Mastercard/Chainlink interface, Best Wallet offers native access to select presales.

Research specific projects, read tokenomics and whitepapers, and purchase tokens – all without leaving the app.

What is Best Wallet token? It’s the first-ever crypto presale wallet. And with integration at the forefront of everyone’s mind, it’s no wonder that $BEST could be set to reach $0.62 by the end of 2026. That’s up 2,400% from its current $0.025235.

Learn how to buy Best Wallet tokens and visit the presale page today.

Markets Respond to Mastercard, $LINK

Chainlink’s native token LINK jumped following the announcement before settling down slightly, reflecting investor optimism about its expanding role in the crypto economy.

Best Wallet Token has raised over $13M in its ongoing presale, indicating strong support for a utility-focused crypto wallet token.

Do your own research before investing; this isn’t financial advice.

Coinbase And Secret Service Team Up In $225 Million Crypto Sting

bitcoinist.com - Wed, 06/25/2025 - 18:00

Cryptocurrency firms and law enforcement teamed up this month in what could be the biggest crypto haul in US Secret Service history. On June 18, the Department of Justice moved to seize over $225 million in tokens linked to pig-butchering scams.

This effort relied on blockchain tracing and quick action by exchanges and a stablecoin issuer to lock down funds that flowed through multiple platforms.

Coinbase Joins Secret Service Effort

According to Coinbase, its investigators worked alongside the US Secret Service during a focused sprint in early 2024. From February 26 to February 29, they tracked millions in suspect transfers and flagged transactions tied to illicit wallets.

Based on reports, more than 130 Coinbase customers were hit by scams, collectively losing about $2.3 million. Agents then used subpoenaed records to tie those on-chain flows back to victim accounts.

Coinbase also noted that some of the seized funds wound up in roughly 140 accounts at OKX, many held by people detained in scam compounds in Southeast Asia.

 

Coinbase helped drive a major law enforcement win: the U.S. Secret Service has seized $225M in stolen crypto tied to pig butchering scams—and is returning funds to victims. If you think you were affected, you may be eligible for restitution. Learn more: https://t.co/0VirllyzM7

— Coinbase Support (@CoinbaseSupport) June 24, 2025

Tether Freezes And Burns USDT

According to Tether, 39 wallet addresses were frozen after the DOJ presented evidence of theft. Those wallets held about $225 million in USDT. Tether then performed a burn, sending tokens to an inaccessible address so they could never be spent again.

At the same time, an equal amount of fresh USDT was minted and sent to a wallet under Secret Service control. Observers could watch that swap on-chain, showing how stablecoins can be pulled out of circulation when needed to cut off illicit actors.

Record Seizure Marks New High

According to information from the DOJ, this move represents the largest crypto seizure ever attributed to the Secret Service. It comes after a surge in pig-butchering scams—long-con frauds where operators befriend victims online and convince them to invest in fake schemes.

Law enforcement described this case as a landmark in fighting crypto crime, stressing that on-chain data was critical in pinpointing stolen funds scattered across different exchanges.

Global Actions And Next Steps

Beyond the US, similar actions have popped up around the globe. In May, the Australian Federal Police seized nearly 25 Bitcoin—worth about $2.6 million—from suspects tied to a 2013 hack of a French exchange.

And in February, German authorities blasted 34 million euros ($38 million) in crypto linked to a massive Bybit breach. Analysts say these joint efforts send a clear message: crypto doesn’t equal anonymity.

Investors ought to stay alert about unsolicited investment offers. Security teams on exchanges will keep sharpening blockchain analysis tools to catch illicit flow faster.

Featured image from AP/Julia Nikhinson, File, chart from TradingView

Команду мемкоина MELANIA заподозрили в инсайдерской торговле

bits.media/ - Wed, 06/25/2025 - 17:38
Команда мемкоина MELANIA может оказаться в центре скандала из-за подозрений в инсайдерской торговле — после того, как вывела из проекта 82,18 млн токенов. Это более 8% общего объема эмиссии монет.

Tether To Become Largest Bitcoin Miner By End of 2025, CEO Explains

bitcoinist.com - Wed, 06/25/2025 - 17:13

In an interview with crypto news outlet The Block, Paolo Ardoino, CEO of Tether, spoke about the company’s plans to become the largest Bitcoin miner in 2025. Tether has been one of the most profitable companies in the industry over the past years, and a lot of these resources have been used to improve its mining capabilities.

Tether To Dominate the Bitcoin Mining Industry?

According to Ardoino, the USDT stablecoin issuer has been trying to diversify into several key sectors. These include artificial intelligence, data centers, telecommunications, and Bitcoin mining.

The investment in the latter industry is part of a broad strategy to not only diversify into a key sector and generate further profits. Tether wants to become a main figure in the protection of the Bitcoin network.

Per The Block, the company has invested as much as $10 billion in the digital asset. Thus, by becoming a top miner, Tether makes sure its investment stays safe and that the BTC blockchain will not fall in the hands of a group of bad actors. Ardoino told The Block:

I think that is clear that if you have $1 million and you have to decide where to put it either in bitcoin mining or in buying bitcoin directly, you would always make more money buying bitcoin directly. But in our case, I think given the exposure that we have to bitcoin, it’s important to be part of the security of the network. Realistically, by the end of this year, Tether will become the biggest bitcoin miner out there.

Tether Faces Challenges

The company faces several obstacles in achieving this goal. The Bitcoin mining business has become one of the most competitive in the nascent industry with actors such as Marathon Digital Holdings, Riot Platforms, CleanSpark, and others controlling around 30% of the BTC hashrate.

Moreover, as the report claims, Tether is yet to disclose how much of the BTC hashrate they operate. Thus, making it difficult to determine where the stablecoin issuer stands against its competitors.

However, it has been determined that Tether has poured billions of dollars into improving its mining infrastructure. The company’s strong ties with Latin American governments, such as El Salvador, Uruguay, and Paraguay in over 15 facilities.

Cover image from Unsplash, BTCUSD chart from Tradingview

Взломавший Cork Protocol хакер пожертвовал эфиры адвокатам разработчиков Tornado Cash

bits.media/ - Wed, 06/25/2025 - 17:04
Хакер, укравший $12 млн у децентрализованной платформы Cork Protocol, начал отмывать украденные средства через криптомиксер Tornado Cash и пожертвовал 10 эфиров в фонд поддержки разработчиков этого сервиса.

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