crtypto & forex news

Charles Hoskinson, the founder of Cardano and CEO of Input Output, abruptly told followers on X that he is “taking a break,” following a tense livestream on June 2 in which he questioned what power he actually has to stop project failures and funding disputes inside Cardano’s decentralized governance system. The post was brief: “I’m taking a break. TTYL.” Hoskinson gave no explicit explanation. But the timing points to a broader frustration that has been building around Cardano’s ecosystem funding, the shutdown of TapTools , and the practical consequences of Voltaire-era governance moving authority away from founding entities and toward on-chain decision-making. TapTools Shutdown Puts Cardano Governance Under Pressure TapTools, one of the most visible analytics and data platforms in the Cardano ecosystem, said it would wind down operations after nearly four years, citing a series of senior departures and rising operating costs. According to the platform, both co-founders, its chief ...

A crypto analyst has announced that the Solana price has just broken below a critical support level that had previously triggered an explosive bull run in the last market cycle. With SOL currently struggling below $100 and facing persistent bearish pressure, the analyst has outlined two possible scenarios that could determine the cryptocurrency’s next moves. Analyst Predicts Two Possible Scenarios For The Solana Price In a recent X post, market expert Crypto Tice said that the Solana price now has only two possible paths after slipping below a key support level that drove its 2022-2023 bull rally. At the time, SOL’s price had held onto the level before exploding to new all-time highs .  The analyst noted that the same pattern appeared to be forming again almost perfectly during this cycle. However, instead of holding the key level as it did in the past cycle, SOL deviated from the historic chart pattern by slipping below it. Against this backdrop, Crypto Tice has projected Solana...

Pro-crypto Senator Cynthia Lummis and JPMorgan CEO Jamie Dimon have become key figures in the latest debate over the CLARITY Act as the bill advances in the Senate. Speaking to CNBC on Wednesday, Lummis directly addressed Dimon’s latest comments regarding the CLARITY Act and his criticism of Coinbase CEO Brian Armstrong.  Lummis Pushes Back On Dimon’s CLARITY Act Criticism Dimon, a longtime skeptic of crypto, has previously questioned the role of digital assets in financial markets, and his criticism last week included the view that banks would not accept the CLARITY Act in its current form.  Dimon suggested that the banking industry would resist the bill as written and framed the confrontation as something that would be “fought.” He also said no one would “bow down” to Armstrong or his company. Lummis, however, said Dimon’s critique is “absolutely wrong.” In her remarks on Wednesday, she argued that Dimon has not read the legislation.  The Senator specifically challenged the ex...

Ethereum is losing momentum after breaking below the $1,900 mark — a level that had been holding as the last meaningful support before the price structure enters territory not seen since the depths of the previous cycle. The breakdown is significant — and a CryptoOnchain analysis has identified a structural divide in the on-chain data that explains the current weakness in a way that is more nuanced than straightforward selling pressure. The divide sits between Ethereum’s illiquid and liquid supply layers — and they are moving in opposite directions simultaneously. The staking ecosystem continues expanding, with over 32.5% of total ETH supply now committed to validator infrastructure — approximately 39.5 million ETH locked in staking contracts. That record commitment reflects a cohort of long-term holders whose conviction has not wavered despite the price decline. Against that growing illiquid base, the liquid trading layer is contracting. Exchange reserves are declining. The Co...

The rivalry between XRP and Stellar (XLM) has lasted for years, with investors often comparing the two payment-focused cryptocurrencies due to their shared origins and similar use cases. While XRP has long maintained a larger market presence, XLM appears to be gaining the upper hand in some regions. A new report shows that retail traders in South Korea are now dumping XRP for XLM, fueling a surge in Stellar’s market value while XRP’s price continues to decline.  XLM Surpasses XRP In Trading Volume In South Korea Stellar’s native token, XLM has moved ahead of XRP in a major shift on South Korea’s largest crypto exchange, Upbit . The development comes as retail traders pour into XLM, pushing its trading activity above one of the country’s most popular digital assets. Data shared by market analyst Xaif Crypto shows XLM recorded about $252.3 million in 24-hour trading volume on Upbit. XRP, by comparison, posted around $125.7 million during the same period, less than ...

On-chain data shows that XRP exchange-traded funds (ETFs) have continued to attract steady inflows, while Bitcoin and Ethereum ETFs have recorded consecutive days of outflows. The difference in fund flows and investor demand suggests that institutions and large players are increasingly favoring the altcoin exposure over Bitcoin and Ethereum despite their waning price action. At the same time, a crypto analyst has offered deeper insights into why demand for the three crypto ETFs has diverged so sharply, with Bitcoin ETFs recording the highest volume of outflows among the three.  Why XRP ETFs Are Outperforming Bitcoin And Ethereum ETFs Market analyst CryptoKrali has pointed to a growing split in crypto ETF flows. He said that XRP-focused funds are seeing steady inflows while Bitcoin and Ethereum ETFs continue to face outflows . In a post shared on X, CryptoKrali noted that while Bitcoin and Ethereum ETFs saw heavy selling pressure through the end of May, XRP-linked products saw st...

Given the prolonged waning price action, the Bitcoin network is starting to feel this bearish pressure, leading to a sharp decline in activity across the network. After a period of downward performance, the level of activity and participation within the network has significantly dropped below levels seen in previous bull market cycles. How Bitcoin’s Network Usage Has Evolved Since 2021 While the Bitcoin price has been experiencing persistent downside action, its network performance is also exhibiting a notable decline. Currently, the network is telling a very different story from the one seen in past bull market cycles, especially the peak of the 2021 bull market. Over the past few years, Bitcoin’s on-chain activity has experienced a substantial metamorphosis, ranging from changing transaction patterns to evolving investor behavior . According to data shared by Santiment, a popular market intelligence and on-chain data analytics platform, the BTC network was averaging roughl...