Centralized Bitcoin treasuries now hold 30.9% of the total circulating supply, according to a new report by Gemini. This concentration, which spans across 216 entities that include governments, exchange-traded funds (ETFs), public and private companies, centralized exchanges, and DeFi contracts, ultimately indicates growing institutional maturity and adoption. The total amount of BTC held by major institutional and custodial entities has skyrocketed to 6,145,207 BTC today, which represents a whopping 924% increase over the past decade. This rapid growth demonstrates how centralized players have steadily accumulated a larger share of the network’s supply, reshaping Bitcoin’s ownership structure in favor of institutional dominance. Market Maturation According to a joint report by Gemini and Glassnode, just three entities dominate Bitcoin adoption across most institutional categories, holding between 65% and 90% of total BTC holdings. This concentration reflected how early entrants shaped the strategic direction and legitimacy of Bitcoin within institutional finance. On the other hand, private company holdings are more evenly distributed, which indicates a broader base of adoption at that level. While such dominance may decrease as institutional participation expands, the early leaders continue to play a central role in driving capital inflows and positioning Bitcoin as a credible macro asset in traditional finance. Custody has slowly shifted away from centralized exchanges toward ETFs, funds, and DeFi protocols, which now serve as primary gateways for spot market access. While balances on centralized exchanges have declined over the past two years, this does not signal a tightening supply. Instead, most of that Bitcoin has moved into custodial vehicles like US spot ETFs. The combined holdings of these spot custodians have remained relatively stable and range between 3.9 million and 4.2 million BTC since June 2021. This is indicative of a reallocation rather than a reduction in circulating supply. Despite the stability in total holdings, these custodians exert significant influence on price action, driven by their sensitivity to market shifts. Monthly inflows and outflows can swing dramatically, by as much as $10 billion, which makes these entities key players in BTC’s short-term trajectory, even as the overall structure of the spot market becomes more institutionalized and regulated. Sovereign BTC Treasuries Government-held Bitcoin reserves have grown significantly, particularly in the US, China, the U.K., and Germany, where most acquisitions come through legal enforcement rather than market purchases. The US stands out with more than 200,000 BTC, largely sourced from major law enforcement seizures. These include 69,369 BTC taken from the Silk Road case in November 2027 and 94,643 BTC recovered from the Bitfinex hack in February 2022. After a brief decline, a portion of the US government’s remaining balance was formally converted into a Strategic Bitcoin Reserve (SBR) following an executive order by President Donald Trump on March 6th. In the UK, Bitcoin has been seized by the National Crime Agency through operations targeting cybercriminals. China, after banning crypto activities, confiscated over 194,000 BTC in November 2020 in its crackdown on the PlusToken Ponzi scheme. Germany also accumulated Bitcoin through criminal investigations, but officially liquidated all its holdings by April 29th. These sovereign holdings form a unique category in the crypto ecosystem: largely dormant, yet capable of influencing markets if moved. The post Centralized Bitcoin (BTC) Treasuries Now Hold Nearly 1/3 of Total Supply appeared first on CryptoPotato .

2025-06-14 17:07

TL;DR Two of Ripple’s top executives answered a direct question about XRPL’s potential to capture a sizeable volume of the most adopted financial transactional system, SWIFT. If their prediction is to happen, the XRP Ledger could be processing billions of dollars worth of assets daily, which would definitely impact the native token’s price – but by how much? 14% of Swift’s Volume? Responding to the question asked at the XRP Apex 2025 event in Singapore earlier this week, Ripple CEO Brad Garlinghouse said it’s important to distinguish SWIFT into two parts – messaging and liquidity. He focused on the second, as it could influence the XRP Ledger more since it is owned by the banks. “I think less about the messaging and more about liquidity. If you are driving all the liquidity, it is good for XRP … so I will say in five years, 14%.” Even if we remove the messaging part from this equation, SWIFT handles approximately $5 trillion in transactions per day, according to Statista’s conservative metrics. This puts the annual amount at around $1.25 quadrillion if we assume there are 250 business days yearly. 14% out of that mindblowing amount would result in a $175 trillion volume settled in Ripple’s cross-border token on its network annually, or $700 billion daily. Although not all value remains in XRP, the liquidity needed to ensure there are no delays should be at least $175 billion (daily) if one token is used around four times per day for settlements. When we asked ChatGPT about XRP’s price potential in such a scenario, it responded that the asset could blow up to somewhere above $20 when we considered all narratives. The SWIFT volume, even though it would be a massive portion, would still complement everything else that goes on in the Ripple (XRP) ecosystem – staking, holding, network expansion, RLUSD adoption, potential ETF approvals , etc. Ridiculous Predictions Time While a price tag of $10 or even $20 sounds quite mindboggling as of now (current price – under $2.2), the XRP Army was even more bullish following Garlinghouse’s comments. Predictions started to fly in, outlining ridiculous targets for the future, including almost $1,500 per coin. This #XRP bull flag has a $1,452.81 price target. Do you believe in it? pic.twitter.com/pRFksuCe9V — STEPH IS CRYPTO (@Steph_iscrypto) June 13, 2025 Some even brought up the aforementioned RLUSD adoption, which could also somehow push XRP’s price to the stratosphere. It’s official: $RLUSD is set to trigger a guaranteed $1,250 price for $XRP ! pic.twitter.com/RW0StcSHuv — KingXRP (@MRKingXRP) June 13, 2025 However, investors should be aware that these targets are simply numbers that have little substance to back them up, for now at least. Before you start allocating funds to XRP expecting such massive price surges, please beware that $1,250 per XRP would mean that its market cap would be north of $67 trillion – that’s more than Bitcoin, Amazon, Apple, Google, and gold combined. The post How High Can Ripple’s (XRP) Price Go if XRPL Captures 14% of SWIFT’s Global Volume? appeared first on CryptoPotato .

2025-06-14 15:17

The research team of the world’s largest crypto exchange released a report featuring insights into the macroeconomic landscape and crypto market last week. According to the report , the broader market experienced geopolitical shocks and a short squeeze, while the crypto sector saw rising potential for ether (ETH). Global markets remained relatively optimistic until the end of the week, when macroeconomic instabilities triggered price reversals. Markets Shake Amid Middle East Tensions At the beginning of the week, markets saw a strong rebound, fueled by improved relations between U.S. President Donald Trump and billionaire businessman Elon Musk. Their public dispute the week before had led to a broad sell-off across cryptocurrencies and the equities market. However, the potential reconciliation between the two men, coupled with solid economic data and progress on trade agreements between the U.S. and China, fueled a significant rebound in risk assets. The recovery continued from Monday until Thursday, when renewed geopolitical tensions in the Middle East made the headlines. Binance found that reports of cross-border military activity and regional strikes caused a negative reaction across asset classes, with S&P futures, cryptocurrencies, and bond yields plummeting. Contrarily, oil and gold prices surged due to their reputation as safe-haven assets. ETH Sees Positive Developments Analysts expect the crypto market to recover soon; however, the historical data supporting this prediction is mixed. In January 2020, cryptocurrencies were not negatively affected by tensions between the U.S. and Iran. Instead, they rallied in the short term. Conversely, digital assets declined during the onset of the Russia-Ukraine conflict in February 2022; however, it did not lead to a prolonged downturn, as the market recovered within a few weeks. Analysts expect the same to be the case this time, with cryptocurrencies recovering in a few weeks. Moreover, the crypto market is witnessing a broader regulatory shift, with the U.S. Securities and Exchange Commission’s (SEC) chairman, Paul Atkins, becoming more accommodating with decentralized finance (DeFi). He has promised clearer regulatory guidance for the sector, and Binance believes this could push the area to outperform others, bolstering Ethereum as the largest DeFi ecosystem. Ethereum has seen several developments that could increase the possibility of an altseason. The SEC recently made clarifications that enable Ethereum exchange-traded funds (ETFs) to offer staking, making them yield-bearing products. Spot Ethereum exchange-traded products (ETPs) have also not experienced a single day of net outflows since May 16. This streak is a first for ETH and longer than any seen in the history of spot Bitcoin ETPs. The post How the Crypto Market Fared Last Week, According to Binance Research appeared first on CryptoPotato .

2025-06-14 14:31

Hyperliquid is recognized as the most advanced decentralized trading platform in the cryptocurrency industry. It’s built on its own blockchain, which is designed for speed, scalability, and a seamless user experience. This has allowed it to combine the performance of centralized exchanges with the security and transparency inherent to decentralized financial systems. Whether you’re new to trading or just making the jump from traditional cryptocurrency exchanges, Hyperliquid offers an intuitive way to trade perpetual contracts directly from your wallet – no middlemen, no gas fees, and no sign-ups. This guide on how to trade on Hyperliquid presents a complete beginner’s walkthrough. It covers everything from setting up your wallet and placing your very first trade, while explaining order types, risk management, and taking full advantage of the platform’s features. Let’s dive in. Main Takeaways: Hyperliquid offers a CEX-like experience in a fully decentralized environment No sign-ups, KYS, or gas fees – just connect your wallet and trade Only USDC is accepted as trading collateral The platform supports perpetual futures with leverage and margin modes Hyperliquid doesn’t use AMMs, but has designed a completely decentralized order book In Brief: What is Hyperliquid? We have a comprehensive long-form guide that answers the question what is Hyperliquid and provides an objective review of the exchange. Therefore, in this paragraph, we will briefly review the basics. Hyperliquid is a decentralized cryptocurrency derivatives exchange, known for offering extremely high-speed, low-latency trading without the need for traditional intermediaries or centralized control. It presents a familiar interface similar to that of Binance or Bybit in terms of user experience, but is built on its own blockchain infrastructure, enabling complete transparency, self-custody, and composability. Unlike many other top decentralized exchanges that rely on automated market makers (AMMs), Hyperliquid has implemented a fully on-chain order book, which offers performance and usability similar to those of centralized exchanges. This is a huge deal. Moreover, traders on Hyperliquid do not incur gas fees, making it significantly more cost-effective compared to other on-chain solutions. At its core are the perpetual futures contracts on a large number of cryptocurrencies, which allows traders to open both long and short positions entirely on-chain while taking advantage of tooling similar to that of centralized exchanges. To sum up, here are some of the core features of Hyperliquid: Decentralized order book High performance Zero gas fees for trading High-powered perpetual futures Self-custody Custom-built blockchain (the HyperEVM) Key Hyperliquid Trading Features Non-custodial and decentralized order book Hyperliquid is a decentralized cryptocurrency exchange with no central authority exercising control over it. It’s non-custodial in the sense that your funds are stored on-chain and not within a centralized account or address. You are responsible for your funds and nobody else. It also uses a first-of-a-kind decentralized order book which mimics those of centralized exchanges but with the advantages inherent to DeFi. No KYC, no registrations You don’t have to register. All you need to do is open the Hyperliquid trading app and connect your non-custodial wallet to start trading. Thereby, you don’t have to worry about lengthy KYC procedures, as well as the potential of the exchange to freeze your funds. Low latency and extremely high throughput Hyperliquid is built on its very own blockchain, which has been designed from the ground up with the goal of providing all the necessary technology stacks to guarantee low latency and extremely high throughput when trading. Confirmation times are less than a second, and you receive the full-blown centralized exchange user experience (or better) on a completely decentralized system. No gas fees for trading Even though all of the transactions happen on-chain, you pay no gas fees for trading, which reduces overhead and makes the exchange a lot more effective for high-frequency traders, as well as for beginners. Supports cross-margin and isolated margin As mentioned in the guide further below, Hyperliquid supports both cross-margin and isolated margin modes, which is a feature typically reserved for centralized exchanges. How to Trade on Hyperliquid: Step-by-Step Guide The following is a step-by-step guide for beginners on how to trade on Hyperliquid. Main Points: You will need a compatible wallet to get started. Fund your wallet using the Hyperliquid bridge. Only USDC can be used for trading. Learn the trading interface before placing orders. Understand order types and risk settings. Setting up a wallet First things first, because Hyperliquid is a decentralized exchange, you will need an EVM (Ethereum Virtual Machine) compatible wallet. There is plenty of choice here, but the most popular one is MetaMask – it has stood the test of time as one of the best DeFi wallets overall. Alternatives include Coinbase Wallet, WalletConnect, Rabby, and others. If you’re not familiar with MetaMask and how to set it up, please check out this instruction manual – it’s incredibly easy and won’t take you more than a couple of minutes. Hyperliquid bridge: funding your account, supported tokens Once you have set up your wallet, you will need to transfer some money and fund your account. In crypto slang, that’s called “bridging.” Please note that Hyperliquid operates with USDC as trading collateral, which is what you will need to obtain. Here’s where the Hyperliquid Bridge comes into play, which is powered by deBridge. The process is once again relatively simple, and fortunately, we have a comprehensive guide available. Check out our instruction manual on the Hyperliquid bridge: how to bridge USDC to Hyperliquid . In brief, here are the steps: Go to deBridge and connect your wallet. Choose your source chain and the token you wish to transfer (remember: USDC). Select Hyperliquid as your destination. Confirm the transaction. If you don’t have money on-chain, you can simply withdraw from your account on a centralized exchange or, alternatively, you can buy crypto using MetaMask’s on-ramp credit card solutions. Once you are done bridging, your funds should arrive within a couple of minutes and you will be ready to start trading by connecting your wallet to Hyperliquid . The supported tokens include: USDC BTC ETH SOL However, please note that you can only use USDC as margin for trading purposes. All other assets must be swapped into USDC before you deposit. Once you have the Hyperliquid app open, you will have to navigate to the top right corner of the navigation menu and hit “Connect.” From there, select your wallet and sign the connecting transaction. It is a gasless transaction. Once you are connected, navigate to the bottom right of your interface and find the “Deposit” button. From there, simply select the chain you want to deposit from, the asset, and the desired amount. Confirm, and the funds will appear in your account within a couple of minutes. Making Sense of the Hyperliquid Trading Interface Now that you have everything set up with your funding, you’re ready to dive in and open your first trade. However, before you do that, you need to be familiar with the trading interface and its layout. For your convenience, we have numbered the important sections of the interface, so let’s break them down. Number 1: Chart Here is where you will monitor the chart and switch through the different trading modes. Notice that right next to the “HYPE/USDC” trading pair label, there is a small sign that says “Spot.” This means that you are currently looking and trading spot on Hyperliquid. If you want to change that, all you need to do is click on the drop-down menu and select whatever trading mode you want, as shown in the screenshot below: Apart from that, you can perform all the regular tasks that you would on a chart. For instance, you can draw resistance lines, add indicators, change time frames, and whatnot. Number 2: Order book Right next to the chart is the order book. This is where you monitor the depth of the market, the types of orders being filled, the trades being executed, and so forth. Pro tip: HyperDash is a specific informational dashboard built for Hyperliquid. It pulls information directly from the HyperEVM chain and provides incredibly useful information such as overall directional bias, current open interest, market depth, and whatnot. Number 3: Order placement This is where you place your trades. When it comes to both spot and perps, Hyperliquid supports all of the trading orders that you would find on a centralized exchange, which is one of the things that makes it the best-performing decentralized exchange in the industry, at least at the time of this writing in June 2025. Before we break down the different order types, please note that you have a few fields above that, which allow you to select the margin mode and adjust the leverage you want to use. As seen in the above image, cross margin mode means that all cross positions share the same cross margin as collateral. In other words, if one of them gets liquidated, your cross margin balance and any remaining open positions under assets in this mode may be forfeited as well. On the other hand, isolated margin mode allows you to manage risk on individual positions by restricting the amount of margin allocated to each of them. Now, let’s explore the different order types. The following are the four order types that you will use the most when trading on Hyperliquid. Market orders Market orders are the simplest type. They allow you to instantly open (or close) a position at the best available rates from the order book. In other words, your entry price might differ from the current market price depending on multiple factors, the most important of which is the current liquidity and market depth. *Note: When you use market orders, you incur taker fees, which are traditionally higher. Limit orders Limit orders are used when you want to open (or close) a position at a pre-specified price, which might be different than the current market price. Once the market price reaches your target limit price, the order will begin to fill. Please note that when using limit orders, it’s possible that your order gets filled partially because of insufficient liquidity. *Note: When you use limit orders, you incur maker fees, which are traditionally lower. Stop-limit orders Stop-limit orders and stop-market orders are used for take-profit and stop-loss purposes. For stop-limit orders, you specify a price at which you want a limit order to be placed. This is the “stop price”. Then, you input a price at which you want your limit order to be executed. This is the “price.” Once the market price reaches the stop price, it will automatically place a limit order at your specified price. Stop-market orders Stop-market orders allow you to place market orders with an additional condition: that they will be executed only when the current market price reaches a certain level (stop price, similar to stop-limit orders). Once the market price reaches this pre-determined level, the system will automatically place a market order. Number 4: Position tracking Last but not least on the interface is the section where you track your current position and balances. Here, you can monitor your unrealized profit and loss, entry prices, funding fees, liquidation prices, and pretty much everything of importance for your position. Placing Your First Trade on Hyperliquid Packed with the knowledge from this guide, let’s now place our very first trade on Hyperliquid. To do so, we are going to use a market order and the following graphic summarizes the process: First, you need to specify the leverage. For this, we have selected 5x. As you can see, we have around $24 available to trade, and we have used 100% of that to open a 5x leverage long position on HYPE/USDC. Below the “Place Order” button, you can see the liquidation price, the order value (5 x $23.80 = approx. $118.86), the slippage, the fees, as well as the required margin. We’re happy with that, so we will click “Place Order,” and the trade will be executed immediately. You can track the position in the bottom section, and if desired, you can close it using the respective button. It’s as easy as that. How to Manage Risk, Liquidations As mentioned in the previous sections of this guide, trading on Hyperliquid has been streamlined to a point where users have all the necessary tools to manage their risk effectively. Speaking of risk, when it comes to trading perpetual contracts with any type of leverage, the biggest one is getting liquidated. To those of you who may be new to leverage trading, liquidation is the event in which your position is forced closed because the price has reached a point in the opposite direction of your trade bias, which requires you to add collateral that you don’t have or don’t want to add. For example, if you open a 10x leverage long, your directional bias is long (price to go up). If the price declines, you will incur a loss. A liquidation would happen once you haven’t got sufficient collateral to keep funding your position. The general rule of thumb in this case is that if the price drops by 10%, it will reach your liquidation price and get force-closed (assuming you take no further actions). You will lose the margin that you have posted for that specific position. So, how can you prevent that from happening? Well, there are two ways you can go about it: Using a Stop-Loss You can use stop-limit orders and stop-market orders as effective stop-loss tools. For example, say you have a position opened for a BTC long at $100,000 with a 10x leverage and your liquidation price is at $90,000. You can set a stop-market order to be executed when the price reaches $95,000. Managing Your Position Manually Many traders prefer not to use stop-loss mechanisms because they fear market makers “hunt” them in vicious wicks that reach these levels only to bounce back (or decline, depending on your bias) immediately after that. To combat this, they would prefer to use extra-large collateral amounts and manage their positions manually. Of course, this is an option, but it requires confidence and a lot of knowledge. Trading Fees on Hyperliquid Naturally, trading fees are essential for those who wish to trade on Hyperliquid, so the following is a comprehensive breakdown. Please note, we will only discuss the base tier trading fees. Refer to this page for all the information on Hyperliquid trading fees depending on your current tier. Hyperliquid Trading Fees for Perps The fees are based on a rolling 14-day volume and are assessed at the end of each day. Spot Trading Fees Best Practices for Trading on Hyperliquid As you have probably noticed, the majority of this guide focuses on explaining the details of trading perpetual contracts on Hyperliquid, rather than their spot offering. With that in mind, here are a few of the best practices for leverage trading that surely apply to trading on Hyperliquid as well. Before that, take a look at our 15 must-read Bitcoin and crypto trading tips for more generalized information aimed at those of you who are new to the world of trading. Start Small, Especially with High Leverage Using leverage magnifies both gains and losses. If you are new, it is best that you stick to low leverage (e.g. 2x-3x). You should also consider trading small amounts. This will help you stay engaged while also learning about the game. Jumping into high leverage in pursuit of “life-changing” trades too early can wipe out your account with even minor market fluctuations. Use Isolated Margin to Limit Risk When trading with leverage, you should always consider isolated margin instead of cross margin. If your trade goes south and you are using cross-margin, your entire account balance is at risk. However, if you use an isolated margin, it’s only the margin you’ve assigned to that specific trade that can be wiped out. Understand Liquidation Mechanics Understand how liquidations work. Your liquidation price is the point at which your trade is forced to close to protect the exchange. Always keep your positions far from that level by using stop-losses or by manually monitoring them and adding margin whenever needed. Trade With a Plan, Avoid Emotions Emotions have no place in trading. Every trade you take should have a clear entry, stop-loss, and take-profit targets. Do not increase leverage just to chase losses or ride emotional highs. Stick to your trading plan – this will protect your capital. Who is Hyperliquid For? Hyperliquid caters to both beginners and advanced traders. Objectively, however, users with no prior experience or contact with Web3 technologies will likely face a somewhat more challenging time adapting to the systems. However, the team behind Hyperliquid has made it incredibly easy to onboard newcomers, and although there are a few hoops to jump through, the process is remarkably seamless and straightforward. Some might argue that the lack of a lengthy registration process (you only need a Web3 wallet) actually makes it easier. Pros and Cons of Trading on Hyperliquid Pros explained: True decentralization with CEX-like performance Low latency and fast execution Gasless trading Advanced trading features Clean user interface Stonr on-chain analytics potential Cons explained: Slightly steeper learning curve for absolute beginners Protocol-associated risks Frequently Asked Questions (FAQ) How does Hyperliquid exchange work? The Hyperliquid exchange is a decentralized trading platform that operates on its own blockchain. It combines the user experience and user interface of centralized exchanges, as well as the strength and speed of trade execution and order book designs, but keeps systems entirely decentralized, tapping into the best of both worlds. How to trade on Hyperliquid in the USA? U.S. citizens are currently unable to trade on Hyperliquid due to geographic restrictions. Some users have suggested the usage of a VPN, but this could be in violation of the platform’s terms and should only be carried out at your own risk and responsibility. Is Hyperliquid tradable on Coinbase? No, HYPE tokens – the native cryptocurrency of the Hyperliquid decentralized exchange – are not supported for trade on Coinbase, according to its official page . Which wallets support Hyperliquid? Hyperliquid supports all EVM-compatible wallets, including MetaMask, Rabby, WalletConnect, and more. Which chain is Hyperliquid on? Hyperliquid is built on its own blockchain, commonly referred to as the HyperEVM. It is a purpose-built layer one specifically designed to handle high transaction speeds and incredibly high throughput. How does Hyperliquid make money? Hyperliquid generates revenue through its fee model. However, unlike traditional centralized exchanges (or many of the decentralized exchanges), 97% of the fees Hyperliquid generates go towards buying back HYPE tokens from the open market. Can I buy Hyperliquid on Phantom? No, it is not currently possible to connect a Phantom wallet to the Hyperliquid trading interface. You need a compatible wallet such as MetaMask, Rabby, Wallet Connect, or other EVM-compatible solutions. Is there a Hyperliquid app? There is a web application available for use; you can find it here. However, a mobile application is not available at the time of writing this guide. How to Trade on Hyperliquid: Conclusion Hyperliquid brings forward a very comprehensive suite of trading tools into a platform that’s entirely decentralized. Yet, users are able to access the same features they would on a centralized exchange, without having to give up control over their funds and trades. Although absolute beginners might find it a bit more challenging to begin their journey on Hyperliquid, the interface is streamlined to a point where once you bridge your funds to it, the process becomes as simple as it can get. It’s no wonder that Hyperliquid has become the preferred decentralized exchange, acquiring more than 80% of the trading volume on perpetual contracts across the entire DeFi space. The post How to Trade on Hyperliquid: The Ultimate Guide (Step-by-Step Walkthrough) appeared first on CryptoPotato .

2025-06-14 14:10

Bitcoin’s price experienced substantial volatility yesterday when Israel struck Iran, but the asset has remained a lot calmer today when the roles reversed. Many altcoins have started to recover from the Friday crash, including HYPE, which has risen back above $42. BTC Calm Despite Attacks The business week started on the right foot for BTC as the asset broke out of last weekend’s consolidation range and shot above $110,000 on Monday. Although it was stopped there, it managed to remain close to that level for the next couple of days. More positive news emerged on Wednesday, including a trade deal between the US and China as well as better-than-expected CPI data, but BTC failed to maintain its run. Just the opposite, it lost some ground and went back down to under $107,000. The bulls took it north to $108,500 on Thursday, but the geopolitical tension in the Middle East skyrocketed that night as Israel fired countless missiles against Iran, killing over 70 people in the process. Bitcoin’s prices reacted immediately with a price plunge that drove it south by over five grand since Thursday’s peak to under $103,000. Nevertheless, it recovered some ground on Friday and even challenged $106,000 at one point. It couldn’t breach that level but still trades above $105,000 now, which is somewhat surprising as Iran retaliated against Israel last night. Still, there are some warning signs about its future price trajectory if it fails to remain above $100,000. For now, though, its market cap has jumped to almost $2.1 trillion on CG, while its dominance over the alts is at 61.5%. BTCUSD. Source: TradingView Alts Rebound Most altcoins suffered yesterday but are with minor gains on a daily scale. Ethereum has returned above $2,500 after a small increase, while Ripple’s cross-border token has defended the $2.15 support. SOL, DOGE, ADA, and AVAX are also slightly in the green, while BCH and SHIB have posted more impressive gains. However, HYPE has stolen the show once again from the larger-cap alts, having surged by almost 8%. As a result, the asset now trades close to its all-time high of roughly $43. Other notable gainers from the past day include WBT, Fartcoin, PI, and ICP. The total crypto market cap has recovered over $60 billion and is back to $3.4 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto The post BTC Price Unfazed by Iran’s Retaliation Attack Against Israel, HYPE Rockets 8% (Weekend Watch) appeared first on CryptoPotato .

2025-06-14 11:06

Ripple’s cross-border token has failed to recapture its momentum from the late 2024 and early 2025 run when it skyrocketed from $0.6 to $3.4. In the past few months, the asset has been stuck in a consolidation phase within a tight range between $2.1 and $2.4, with a few brief and unsuccessful breakout attempts in both directions. However, more recent data from Glassnode indicates that XRP is once again in the driver’s seat in terms of capital rotation, at least when compared to SOL, which could trigger a substantial shift in the narrative around the asset and potentially impact its price movements. Realized Cap Changes $XRP is pulling ahead again. Its 30D % change in Realized Cap just hit +4.2%, outpacing $SOL modest +1%. Capital is rotating faster into #XRP , hinting at stronger short-term conviction: https://t.co/cOSVts1PMm pic.twitter.com/W0eub7oGTe — glassnode (@glassnode) June 13, 2025 The analytics platform’s graph shows that XRP dominated SOL in terms of 30D Realized Cap changes until the end of March. At the beginning of that month, Ripple’s token flew past $3 briefly, and even though it corrected slightly in the following weeks, it still stood above $2.6-7 for the most part. However, then came the trade war escalation, and XRP’s price tumbled, alongside Glassnode’s metric. The situation changed briefly in early May as XRP was recovering from a plunge to $1.6 and returned above $2. SOL performed a lot better in the following month, but XRP has regained its lead in the past few days. Consequently, Glassnode determined that this growing capital rotation into XRP hints at “stronger short-term conviction.” Why So? The primary narrative supporting XRP’s improving position is the renewed hope for spot Ripple ETF approvals. Most recently, the SEC greenlighted a Nasdaq crypto US settlement price index, which included Ripple’s token. Many analysts believe this opened the door even more for an XRP ETF in the States. Polymarket’s current data shows a 89% chance for such a product to be approved in the US this year. Although SOL’s percentage is quite high as well, other experts noted that Ripple continues to expand its DeFi ecosystem, including the recent introduction of USDC on XRPL, which could further enhance its position. Additionally, some noted that XRP is holding better because capital “chases regulatory clarity and event-driven hype, while SOL’s bounce potential is hampered by recent drawdowns and meme rotation fatigue.” The post Ripple Is Pulling Ahead Again as Capital Is Rotating Fast Into XRP: What Does This Mean? appeared first on CryptoPotato .

2025-06-14 10:51

It has been over two months since BTC’s price struggles that pushed it south hard, and the asset plummeted to under $75,000. This enhanced selling pressure transpired during the darkest hours of the global trade war started by US President Donald Trump. Although that political tension has improved a lot since then, with the US striking deals with many countries, including its main rival, China , there’s more uncertainty that has blown off in the past few days. This time, it’s a lot more harmful and has already taken many lives. Operation Rising Lion, launched by Israel on June 13, targeted more than 100 strategic military and nuclear sites in Iran, including facilities in Natanz and Fordow. The most recent reports suggest that the number of killed is nearing 100, which includes senior commanders and scientists, while the injured list is well above 300. Iran responded with Operation Vow of Truth 3, firing countless waves of missiles last night at central Israel, Tel Aviv, Jerusalem, and some targets north. The reported casualties are at least three, while dozens have been injured. While Israel and US President Trump categorized the initial strike as “ preemptive ,” aiming to disrupt Iran’s nuclear progress as the country refuses to sign such a deal, Tehran described its retaliation as defending its sovereignty against direct aggression. Impact on Bitcoin As it happened during the trade war, BTC’s price reacted immediately yesterday to Israel’s attack. In a matter of hours, it plunged from a daily peak of $108,500 to under $103,000. It has recovered some ground and now trades around $105,000, and it hasn’t been significantly influenced by Iran’s response. However, uncertainty persists, and the situation could escalate, potentially leading to further trouble. As such, popular crypto analyst Ali Martinez warned that bitcoin needs to stay within a six-digit price territory; otherwise, it risks plummeting back to under $80,000. #Bitcoin $BTC needs to hold above $100,000 to stay on track for a breakout from this channel. Losing $100,000 increases the odds of a downswing to the channel’s lower boundary at $78,500. pic.twitter.com/cDjURKGlHP — Ali (@ali_charts) June 13, 2025 Large Holders Start to Sell One of the initial warning signs that have appeared is the attitude change by whales. As reported earlier this week, some of the long-term BTC investors had started to dispose of small portions of their holdings, but that was even before the attacks occurred. Martinez noted after the first strike that some of the largest BTC whales—those with more than 1,000 bitcoins—have begun “trimming” their positions. If these sell-offs continue or intensify, they will not only increase the selling pressure on BTC but can also be mimicked by smaller investors. Some of the largest #Bitcoin $BTC whales holding over 1,000 BTC have started trimming their positions. pic.twitter.com/kxYlND5Ohi — Ali (@ali_charts) June 13, 2025 The post Bitcoin’s Price Could Plunge Below $80K Amid Rising Tension and Large Holder Sell-Offs: Analyst Warns appeared first on CryptoPotato .

2025-06-14 10:23

TL;DR Cardano whales have changed their behavior toward the asset by starting to dispose of massive ADA quantities. The asset’s price experienced some notable volatility as of late, not just because of the ongoing geopolitical tension but also due to Hoskinson’s latest proposal. Whales Sell CryptoPotato reported at the start of the business week that large ADA holders, those with investments of somewhere between 100 million and a billion tokens, have continued to accumulate. In the span of just 48 hours, they expanded their holdings by 120 million ADA. However, they seem to have changed their attitude once again since then. Renowned crypto analyst Ali Martinez informed that these large entities have disposed of more than 270 million ADA in just a week. In terms of USD value, this stash is worth over $170 million. Whales have sold over 270 million #Cardano $ADA in the past week! pic.twitter.com/SKd94mj99J — Ali (@ali_charts) June 13, 2025 Such big sell-offs increase the selling pressure of the underlying asset and are typically followed by smaller investors doing the same. ADA’s price felt the consequences in the past few days as it plunged from $0.71 to under $0.62 before it recovered some ground to the current $0.636. Some analysts warned that ADA could drop further to around $0.5 if it doesn’t invalidate a head and shoulders pattern that it’s currently breaking down. While the most evident reason behind this price crash could be related to the escalating geopolitical tension between Iran, Israel, and the US, there’s another possibility that involves more internal changes. ADA for BTC? Charles Hoskinson, the brain behind the Cardano ecosystem, proposed earlier this week that the treasury should exchange $100 million worth of ADA for BTC and stablecoins to enhance the network’s DeFi capabilities. The responses were mixed, with some praising the move, while others warned that it could increase the selling pressure on ADA even more. However, Hoskinson was quick to refute these rumors, indicating that there’s enough OTC demand from institutions for ADA to cover any potential pressure. “The belief that Cardano DeFi is improving will offset the sale volume of ADA from a modest divestment (and yes, this is modest.)” This is the madness of trying to do anything with the treasury. People who have never traded large amounts of Ada presume that any trade will result in catastrophic harm to the price, using ChatGPT as the source for their claims. Markets are social animals, not static… https://t.co/eEMHclJTvH — Charles Hoskinson (@IOHK_Charles) June 13, 2025 The post Are Cardano Whales Dumping ADA Due to Charles Hoskinson’s Latest Proposal? appeared first on CryptoPotato .

2025-06-14 09:59

American retail giants Amazon and Walmart are reportedly considering the possibility of launching their own stablecoins. This move could potentially change how consumers pay for goods online while helping large retailers reduce costly transaction fees. A Cheaper Payment Alternative According to the Wall Street Journal, both companies are mulling whether to create brand-specific coins or to adopt external stablecoins through a possible merchant-led consortium. Amazon’s efforts are still in the early planning stages. Sources familiar with the matter said the firm is discussing the potential for an in-house token that could be used for purchases on its platform. Walmart is also weighing similar options and has been lobbying for reforms in the payment space that would support digital payment innovation. By using stablecoins, the mega retailers could bypass traditional financial systems where merchants currently pay 1% to 3% per card transaction. This fee can add up to billions of dollars annually for companies processing high transaction volumes. Stablecoins offer an opportunity to cut these costs, with the added benefit of nearly instant settlement times compared to the one to three business days required for card payments. The move comes as other major e-commerce players begin to adopt stablecoin-based transaction systems. Shopify recently announced plans to fully integrate USD Coin (USDC) payments into its platform via Coinbase’s Ethereum Layer-2 network, Base. The feature is being launched through Shopify Payments and Shop Pay, with the official kick-off date set for the end of this year. The payment mechanism is also already available to selected merchants and includes incentives such as 1% cash back in local currency for customers. Execution Still Dependent on Clear Regulation However, future stablecoin use by major retailers could depend on upcoming legislation. The proposed GENIUS Act, which aims to create a clear regulatory framework for such digital assets in the United States, recently cleared another procedural step but still requires approval from both the Senate and the House. The final Senate vote on the bill has been scheduled for June 17. In the meantime, trade groups have been actively engaging with lawmakers to support its passage. The Merchants Payments Coalition believes that clear rules for stablecoins would enable lower-cost payment options and introduce more competition to Visa and Mastercard. Meanwhile, major U.S. banks like JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are also in the early stages of discussions about launching a joint stablecoin venture. The post Amazon, Walmart Exploring Plans to Launch Stablecoins: Report appeared first on CryptoPotato .

2025-06-14 00:35