crtypto & forex news

A Canadian teenager accused of running a multimillion-dollar crypto fraud operation from the Miami area has become the latest young defendant tied to a high-value social-engineering theft case in the US Prosecutors say the scheme caused more than $13 million in losses and helped finance luxury vehicles, jewelry and nightlife spending. The case centers on Trenton Richard David Johnston, a Canadian national who was 19 when federal prosecutors in the Southern District of Florida announced the indictment on May 11. According to the US Attorney’s Office, Johnston had overstayed his visa and remained in the US unlawfully while allegedly operating a fraud scheme that targeted victims’ digital accounts and crypto wallets. Federal prosecutors said Johnston and unnamed co-conspirators posed as support representatives from a major search engine and crypto-related companies. The alleged objective was familiar but effective: convince victims that their accounts were at risk or already compromise...

The Bitcoin market continues to take a hit, and investors both big and small are heavily feeling the ongoing market pressure , which has caused its price to drop to $61,000. The amount of BTC in profit territory is steadily dropping following the recent decline in price, putting the market in a more bearish condition. Supply In Profit Contracts Amid Waning Bitcoin Price Action With a substantial fall in the percentage of circulating supply held in profit, Bitcoin is nearing a turning point. After the sharp decline, crypto analysts suggest that the market is drawing closer to what they describe as a historical profitability reset. CryptoZone highlighted in a CryptoQuant Quicktake post that the BTC on-chain structure is showing signs of a significant profitability contraction as the percentage of supply on profit metric falls toward the 45% threshold. Historically, this zone has coincided with periods of heightened market stress, where a large share of market players move from unrea...

XRP pundit SMQKE has predicted that utility will drive the next wave of explosive price action for the token. This came as he highlighted what had previously driven these parabolic rallies in the altcoin and noted a shift from speculation to utility-driven rallies.  Pundit Reveals Utility Will Drive Next Parabolic Rally For XRP In an X post , SMQKE indicated that the next explosive price action for XRP will be utility-driven. He noted that the crypto market is now shifting from pure speculation to utility-driven price action and that utility is a far more powerful and sustainable force than the hype that drove XRP’s moves in the past.  The analyst further declared that explosive price action will return for the altcoin and that it will be even stronger this time around. He also noted that it has a long history of “explosive price uncoilings” and that institutions are aware of the token’s ability to outperform the entire crypto market in a short period.  SMQKE added that these e...

A crypto analyst has projected just how low Bitcoin (BTC) could fall during this market cycle, sharing a timeline for a potential price bottom. The expert has based his bearish outlook on the Bitcoin 400-day cycle, a recurring pattern that has consistently appeared across multiple market phases. Drawing from this historical trend, he suggested that BTC could still face further downside in its current bear market before any long-term recovery stage begins. Analyst Says Bitcoin Final Cycle Bottom Is In October Crypto market analyst Bee has provided a definitive timeline for the end of the current Bitcoin bear market based on strict historical market trends. His analysis, shared on X, relies on a specific 400-day cycle pattern that has successfully guided market tops and bottoms across 13 years of BTC’s trading history.  Based on this framework, Bitcoin is now 252 days into its cyclical bear phase that historically lasts between 364 and 400 days. This suggests that the leading cryp...

Across prediction markets, on-chain dashboards, and sentiment trackers, a clear majority of Bitcoin investors have positioned themselves for further downside.  Although Bitcoin has since recovered above $60,000, the recent crash below the level over the weekend has led many crypto traders to believe that there’s going to be another crash to the final bottom. According to crypto analyst Winter Soldier, 64% of orders on prediction markets are now betting on BTC dropping below $50,000 this year.  64% Of Orders Are Betting Bitcoin Breaks Below $50,000 Prediction market Polymarket is currently pricing a 64% probability that Bitcoin hits $55,000 or lower before the end of 2026. This outlook was also noted in a bearish call by crypto analyst Winter Soldier, who noted that 65% of orders on prediction markets are now positioned for BTC to fall below $50,000 before the end of the year.  However, the analyst also compared the current setup with the previous cycle, when many traders be...

Several key metrics of XRP are starting to change course, falling drastically along with the ongoing bearish performance of the altcoin’s price. As the downside pressure mounts, the Realized Profit to Loss Ratio has experienced a sharp decline to levels that reflect the intensity of the current bear market phase. Investor Profitability On XRP Takes A Hit The price of XRP is still trapped below $1.2, as bearish pressure returns to the market following a brief upswing.  Investors are still feeling the impact of the persistent downside action of the leading altcoin, which is triggering a shift in market dynamics .  In light of this significant price decline, the XRP’s Realized Profit to Loss Ratio is notably dropping to negative levels. As seen in the chart shared by Glassnode, a popular on-chain data analytics platform, the metric on the 90-day time frame has fallen to 0.38, indicating a decrease in profitability among investors. Furthermore, a change in market mood and investor b...

Ripple’s XRP Ledger (XRPL) has recorded a massive 22% surge in stablecoin activity as new data reveals a sharp increase in liquidity over the past week. Analysts say this growth positions XRPL among the top blockchains, signaling rising adoption and capital inflows despite declines in its price action . Ripple’s XRP Ledger Stablecoin Supply Jumps 22% The XRP Ledge r is seeing renewed growth and interest, with new on-chain data showing a significant rise in stablecoin volume. Market analyst Xaif Crypto shared on X that XRPL’s stablecoin supply has increased by approximately 22% in just one week, reaching a total of $762 million on-chain. He noted that the figure now ranks the XRP Ledger as the 15th largest blockchain by stablecoin supply, suggesting that liquidity is increasingly flowing into the network. Notably, the latest growth comes as stablecoins continue to play a key role in blockchain ecosystems, often serving as a measure of available liquidity and network activity....