Live Feed

Zack Soesbee, CEO of Cardano ecosystem development agency Anvil, said on X that he has lost virtually everything after investing his time, assets, and career into the Cardano ecosystem and ADA for the past five years. He stated that he and his co-founders operated their business for three years without salaries, minimizing costs to contribute to the ecosystem's growth. Meanwhile, he claimed, others were drawing comfortable salaries and misusing community and treasury funds. As a result, Soesbee noted, the price of ADA has fallen to the 10-cent range, and his company is unable to secure contracts within the Cardano ecosystem to stay afloat. He added that community business proposals they had prepared for months have not been approved. To save his house, Soesbee said he sold his ADA holdings at $0.16, a stake he had held for five years. "I now feel like I was just one of the flock and don't know why I should continue developing in the Cardano ecosystem," he said, adding, "I've lost everything except my wife, and now even she is growing displeased with me."

According to CoinGlass, Binance has recorded a net inflow of approximately 38,733,200 USDT in the past hour. Stablecoin deposits to exchanges are generally interpreted as being for the purpose of purchasing cryptocurrencies.

Ripple (XRP) is exhibiting price movements similar to a pattern from 2022, and if it repeats, the asset could trade sideways for the next 800 days, or about two years, according to an analysis by Watcher.Guru. The outlet noted that the Bollinger Bands on the XRP/USD weekly chart have narrowed, just as they did four years ago, while the Relative Strength Index (RSI) is also declining. These movements suggest the market has entered an accumulation phase, with the potential for reduced volatility. If the same pattern unfolds, XRP could trade sideways for the next two years before starting a rebound in the latter half of next year, the analysis explained. Watcher.Guru also added that recent macroeconomic uncertainty and geopolitical tensions have hurt the broader risk-asset market. The price of XRP dropped sharply due to U.S. inflation and the U.S.-Iran war, and the likelihood of a U.S. interest rate cut has become extremely low. These factors are a clear negative for high-risk assets like cryptocurrencies, including XRP.

An anonymous whale address starting with 0x1578 sold 3,000 ETH, worth approximately $4.98 million, on-chain about 10 hours ago, according to on-chain analyst ai_9684xtpa. The analyst noted that the address acquired the ETH about three years ago to earn interest through DeFi channels like the decentralized lending protocol Aave (AAVE). He added that the sale likely indicates the whale has a pessimistic outlook on the market.

Bitcoin has rebounded amid hopes for a deal between the U.S. and Iran, but it is too early to call this a trend reversal, according to an analysis by CoinDesk. The outlet explained that while Bitcoin has rallied about 4.7% over the past week, a true recovery phase requires a substantial increase in demand. This would need to be confirmed by stable inflows into ETFs and significant buying pressure, as well as signs that selling pressure from investors holding at a loss has considerably eased.

Ethereum (ETH) is facing dual pressures from a contracting leverage market and institutional outflows via ETFs, but robust staking demand is defending against further price drops, Cointelegraph reported. The media outlet noted that ETH failed to reclaim the $1,700 level last week, aligning with broader market weakness. A concurrent rally in U.S. stocks, sluggish on-chain activity, and a shrinking futures market have further diminished ETH's appeal to investors. Specifically, the funding rate in the perpetual futures market turned negative on June 5, and open interest has fallen by 30% over the past month. This waning investor sentiment is also reflected in outflows from spot ETFs. However, demand for ETH staking has been on the rise, with the validator queue recently reaching 50 days. Cointelegraph concluded that as long as spot ETF outflows are reasonably controlled and staking demand is maintained, the probability of ETH's price collapsing to $1,500 appears low.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 50.16% long, 49.84% short - Binance: 50.58% long, 49.42% short - MEXC: 50.52% long, 49.48% short - Bybit: 49.84% long, 50.16% short

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section shows the Volume Heatmap, and the bottom shows the Cumulative Volume Delta (CVD). - The Volume Heatmap tracks the volume of trades at specific price levels. The background color becomes brighter when the price remains in a certain range for an extended period or moves significantly. Brighter areas may act as potential support or resistance levels. - The Cumulative Volume Delta (CVD) indicator represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

U.S. spot Ethereum ETFs recorded a net outflow of approximately $4.9 million (7.4 billion won) on June 12, marking the fourth consecutive day of outflows, according to data from Farside Investors. - BlackRock's ETHA: -$4.5 million - Fidelity's FETH: -$400,000

U.S. spot Bitcoin ETFs recorded a net inflow of $85.9 million on June 12, breaking a five-day streak of net outflows, according to data from Farside Investors. Invesco's BTCO, Franklin Templeton's EZBC, Valkyrie's BRRR, WisdomTree's BTCW, Grayscale's GBTC, and Morgan Stanley's MSBT all saw zero flows for the day. The inflows were led by BlackRock's IBIT, with five funds seeing positive net flows: - BlackRock's IBIT: +$57.7 million - Fidelity's FBTC: +$18 million - Bitwise's BITB: +$5.2 million - Ark's ARKB: +$3.2 million - VanEck's HODL: +$1.8 million

According to CoinNess market monitoring, the Bitcoin premium index on Coinbase, the largest U.S. cryptocurrency exchange, has remained positive for the second consecutive day and is currently at approximately 0.208%. This index reflects the percentage difference between the Bitcoin price on Coinbase and the global average. The premium had previously been negative for 24 consecutive days. Its shift back into positive territory suggests a potential recovery in buying sentiment within the U.S. crypto market.

Real-world asset (RWA) tokenization platform MSX has listed the SpaceX stock token, SPCX.M, for spot trading. The token reached an intraday high of $176.52 and is currently trading at around $166.85, up approximately 40% from its pre-IPO subscription price of $119.138. Coinciding with the launch of spot trading, MSX also completed the token allocation to investors who participated in the pre-IPO subscription. According to the platform, the SpaceX token is a key pre-IPO project following its earlier launch of the Cerebras Systems (CBRS.M) stock token. MSX explained that this allows investors to directly experience the entire RWA-based pre-IPO process, from early subscription and asset listing to the final token allocation.

An entity controlling 94% of the circulating supply of Siren (SIREN) triggered a 70% price crash today by dumping approximately 17 million tokens, worth around $6.75 million at the time, over the past two hours, according to on-chain analyst EmberCN. The analyst noted that the entity used multiple addresses for large-scale market sales, causing the SIREN price to plummet 50% from $0.47 to $0.23 in an instant. EmberCN described SIREN as a clear case of a price-manipulated token, pointing to a recurring pattern where a small portion of the supply is released while the team controls the majority, pumps the price dozens of times, and then dumps on investors. He pointed out that this is the fourth time this pattern has harmed investors in the four months since February. Separately, Lookonchain reported that the whale address identified as the manipulator has received over 7.5 million USDT from SIREN sales to date. The address still holds 595.7 million SIREN, valued at $91.86 million, and is reportedly continuing to sell its holdings.

Zcash (ZEC) co-founder Bryce Wilcox-O’Hearn announced on X that a security audit of the Zcash protocol conducted using Anthropic's latest AI model, Claude Mythos, found no critical bugs. The announcement comes after a recent controversy over an infinite minting bug. Wilcox-O’Hearn explained that the audit was performed at the request of Shielded Labs, a Zcash ecosystem development organization, and thanked Anthropic for its assistance. He added that Shielded Labs and other organizations are continuing to work on enhancing the protocol's security.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $47.72 million liquidated (59.72% shorts) - ETH: $32.05 million liquidated (58.55% longs) - SPCX: $14.28 million liquidated (80.86% longs)

Pudgy Penguins (PENGU) has announced it will halt further development and shut down its Web3 mobile game, Pudgy Party, to concentrate on expanding its intellectual property through Pudgy World. The move has drawn backlash from some users who purchased NFTs linked to in-game character appearances. Pudgy Party was launched last August.

CoinMarketCap's Altcoin Season Index has fallen four points from yesterday to 46. The index measures whether 75% of the top 100 cryptocurrencies, excluding stablecoins and wrapped tokens, have outperformed Bitcoin over the past 90 days. A period is considered an altcoin season if this threshold is met, and a Bitcoin season if it is not. A score closer to 100 indicates conditions are favorable for an altcoin season.

Given that Bitcoin showed weaker signs of overheating at its last cycle peak, the subsequent cycle bottom could form at a higher price level than in the past, according to research from Galaxy Digital. In a report cited by Cointelegraph, the firm noted that while the four-year cycle theory for BTC remains valid, the magnitude of declines from peak to trough has been diminishing. Galaxy Digital explained that the peak in October of last year met only two of 11 traditional peak indicators, and the current market phase has satisfied just four of 13 major bottom indicators. The report also pointed out that cycle bottoms typically occur 12 to 13 months after a peak, whereas only about eight months have passed since the last high. The firm projects the most likely bottom to be around the realized price of $53,600. In the event of a sharper decline, the bottom could be in the $37,000 range, while a shallower drop could see a bottom as high as $54,000.

AI-based football analytics platform Sportix has stated in a technical document that it aims to build a verifiable and traceable on-chain sports intelligence infrastructure rather than a simple sports betting platform. The project highlighted its core strengths, including a dual data verification system using API-Sports and Sportmonks, Solana (SOL)-based on-chain prediction records, and an AI model that provides evidence for its forecasts. Sportix plans to concentrate on non-betting sports prediction services and its business-to-business (B2B) data operations instead of offering betting features. Industry observers believe the project's future growth will depend on key factors such as user acquisition during the World Cup, the launch of its B2B API, and the broader adoption of its on-chain verified data.

Binance has canceled its SpaceX IPO offering event (SPCXx IPO) and announced a compensation plan for participants. In a post on its official X account, Binance Wallet stated that all USDC deposited during the event will be refunded. Additionally, a total of $1 million worth of SpaceX stock tokens (SPCXB) will be airdropped to participants based on their contribution amount. The SPCXB token is pegged 1:1 to SpaceX shares, with the underlying stock held by a regulatory-compliant custodian that provides proof of reserves. Other exchanges, including Bybit, Bitget, and MEXC, which had also offered the stock tokens ahead of SpaceX's planned Nasdaq listing, have also begun canceling allocations and processing refunds. The move comes after xStocks, a stock token trading platform under Kraken, failed to supply the underlying assets.

Brazil's Chamber of Deputies' Finance and Taxation Committee (CFT) has approved a bill to strengthen penalties for cybercrime and allow for the freezing of cryptocurrency balances of individuals under investigation, local media outlet Livecoins reported. The legislation increases the maximum prison sentence for cybercrime from eight to 10 years and empowers courts to order the freezing of assets in suspects' exchange and bank accounts. The bill will now be referred to the Constitution and Justice Committee (CCJ) for further review, with a final decision expected within days.

Ondo Finance (ONDO) announced via its official X account that it has tokenized shares of SpaceX (SPCX) on Solana, Ethereum, and BNB Chain on the stock's first day of trading. SpaceX went public on June 12, with its shares rising 19% to push its market capitalization over $2 trillion, making it the sixth-largest company in the U.S. First-day trading volume reached approximately $80 billion. Ondo Finance's tokenized version of the stock, SPCXon, is available for trading on Ondo Global Markets.

The U.S. military has shot down multiple Iranian one-way attack drones over the Strait of Hormuz, Reuters reported, citing sources. The sources said the drones posed a threat to commercial shipping.

An early Hyperliquid (HYPE) investor address starting with 0x0E8b deposited 576,148 HYPE, worth $35.28 million, to Coinbase seven hours ago, according to Onchain Lens. Deposits to exchanges are typically interpreted as a precursor to selling. The address is estimated to have realized profits of more than $44.34 million.

The Crypto Fear & Greed Index, by CoinMarketCap's own measure, is at 18, up two points from yesterday. This keeps the market in a state of 'Extreme Fear.' The index indicates extreme market fear as it approaches 0 and extreme optimism as it approaches 100. CoinMarketCap calculates the index based on factors including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data such as put/call ratios, the Stablecoin Supply Ratio (SSR), and the platform's own search data.