Author: 行政
Bitcoin’s aggressive break below $70,000 has shifted the market from a debate over dip-buying to a more defensive question of how far traders now need to insure against the next leg lower.Data from CryptoSlate showed that the largest cryptocurrency fell to as low as $65,404 over the past day, triggering $1.8 billion in liquidations and wiping out bullish leverage that had built around hopes of a quick recovery.Crypto Market Liquidation (Source: CoinGlass)This failed rebound has pushed traders toward protection at levels that only recently looked distant.Options positioning now shows demand building around the $60,000 and $50,000 strikes, a sign that…
Ripple has launched RLUSD in Turkey through partnerships with BiLira, Bitexen and Bitlo, extending institutional access to its stablecoin. The company highlighted Turkey’s position as the largest crypto market in the MENA region, with nearly US$200 billion (AU$280 billion) in annual transaction volume. Ripple is also expanding its local footprint through a research partnership with Istanbul Technical University focused on blockchain development and XRP Ledger infrastructure. Ripple has launched its RLUSD stablecoin in Turkey through partnerships with BiLira, Bitexen and Bitlo, extending the reach of the US dollar-backed asset into one of the region’s most active cryptocurrency markets. The company…
Standard Chartered analyst Geoffrey Kendrick argued that Strategy’s sale of 32 Bitcoin, disclosed June 1, may mark the start of a stretch of ETH outperforming BTC. Kendrick expects the ETH-BTC ratio to rise to 0.04 by the end of 2026 from about 0.028, implying Ethereum could outperform Bitcoin by more than 40% whether prices rise or fall. He maintained long-term ETH targets of US$4,000 by end-2026 and US$40,000 by 2030, citing ETH’s growing role in stablecoins, tokenised assets and decentralised finance. Standard Chartered analyst Geoffrey Kendrick said Strategy’s recent sale of 32 Bitcoin may mark the start of a period…
Bitcoin fell below US$67,000 (AU$93,800) on June 2 in its steepest one-day drop since February 5, pushing short-term holders to realise losses at their fastest pace since early February. On-chain data showed short-term holders sending 16,400 BTC to Binance at a loss and mid-sized investors moving 8,400 BTC onto the exchange, the heaviest inflows in nearly four months. Spot Bitcoin ETFs have shed roughly 63,000 BTC over three weeks in the second-largest outflow streak on record, leaving the US$60,000 February low back in play. Bitcoin (BTC) dropped below US$67,000 (AU$93K) on June 2 in its sharpest one-day decline since February…
Ripple is pushing its dollar-backed stablecoin into Turkey, betting that one of the world’s most active digital-asset markets is ready for a more regulated version of the digital dollars already used to navigate currency weakness and limited access to traditional dollar savings.On June 2, the Brad Garlinghouse-led company announced that its US dollar-pegged stablecoin, RLUSD, is now available to institutional clients in Turkey through integration agreements with local cryptocurrency platforms BiLira, Bitexen, and Bitlo.The stakes for capturing market share are exceptionally high. Turkey handled nearly $200 billion in annual crypto transactions, almost four times the United Arab Emirates’ $53 billion,…
Key takeaways HYPE hit a new all-time high of $75 on Tuesday, driven by rising institutional demand amid broader market weakness. Grayscale has advanced plans to launch its spot Hyperliquid ETF HYPG this week. Hyperliquid’s native token, HYPE, surged to a new all-time high of $75.52 on Tuesday, extending its recent rally as growing institutional interest and expanding ecosystem activity continue to drive demand. Grayscale to launch a Hyperliquid ETF A key catalyst behind HYPE’s latest gains is increasing competition in the exchange-traded fund (ETF) market. Grayscale is preparing to enter the race with a spot Hyperliquid ETF after filing…
CoinNews photos show the 2026-W Enhanced Uncirculated American Gold Eagle, offering a closer look at one of the U.S. Mint’s most closely watched Semiquincentennial gold coins CoinNews photo collage shows the 2026-W Enhanced Uncirculated American Gold Eagle, including its obverse, reverse, enhanced uncirculated finish, capsule and packaging Released on May 28 for $5,370, the collectible is the first gold coin struck with the Mint’s enhanced uncirculated finish. Adding to its appeal, it carries the dual date 1776 ~ 2026 and a Liberty Bell privy mark with the numeral “250,” both marking the 250th anniversary of the nation’s founding. CoinNews photo…
Key takeaways XRP has dropped below $1.25 after three straight days of losses, its lowest level since February 6. The bearish performance comes as the broader crypto markets remain under pressure from geopolitical tensions. Ripple’s XRP has dropped below the $1.25 support level on Tuesday after extending losses for a third consecutive day, marking its weakest price since February 6. The broader cryptocurrency market continues to face selling pressure as investors adopt a risk-off stance, driven by escalating geopolitical tensions in the Middle East. Although U.S. President Donald Trump suggested that a peace deal with Iran could be reached “over…
Today’s sudden Bitcoin slide under $68,000 forced a rapid unwind across crypto derivatives markets, erasing nearly $400 million in leveraged positions in one hour as traders who had bet on further gains were caught by the move.Data from CryptoSlate shows that Bitcoin fell more than 5%, dropping from $71,765 to $67,895, its lowest level since April. The decline pushed the largest digital asset through levels traders had been watching after several sessions of weakening momentum.The move spread quickly across the broader market. Ethereum fell about 4% to $1,941, while XRP declined more than 3% to $1.24.Solana, Dogecoin, and BNB also posted…
A nearly $150 million prediction market has devolved into chaos after the platform Polymarket moved to deny payouts to traders who accurately predicted that corporate treasury firm Strategy would sell a portion of its Bitcoin holdings.The dispute centers on a fundamental disconnect between when an event occurs and when it is publicly disclosed, exposing structural flaws in how decentralized prediction markets resolve multibillion-dollar wagers. Bettors are now locked in a bitter dispute over a technicality that could wipe out millions of dollars in payouts traders believed were guaranteed.On June 1, Strategy, the business intelligence firm formerly known as MicroStrategy, which…