Bitcoin realized losses remained below the $211 billion tally from 2022, leading to a prediction that the next bear-market bottom was not yet in.

Bitcoin’s latest oversold RSI mirrors 2020 and February 2026 setups that preceded 50% and 30% rebounds, putting $70K back in focus.

Binance's integration of stocks and ETFs with crypto trading could redefine financial platforms, offering seamless multi-asset access globally.

The post Binance integrates 7,000 US stocks and ETFs into app alongside crypto trading appeared first on Crypto Briefing.

Despite job growth, rising long-term unemployment and sector-specific gains highlight economic disparities and challenge Fed's rate decisions.

The post US labor market adds 172,000 jobs in May, but job seekers face longer unemployment appeared first on Crypto Briefing.

A pseudonymous crypto analyst has revealed that the Ethereum-to-Bitcoin pair has fallen back down to a price region that once preceded the bullish run seen in Ethereum’s past cycle.

ETH/BTC Structure Mirrors 2020 Chart Before Reversal

In an X post on June 6, market expert Crypflow highlights that the ETH/BTC price once formed a bottom around a strong support zone back in 2020. Interestingly, the bottoming of this Ethereum-to-Bitcoin ratio preceded a powerful rotation of bullish momentum into the Ethereum price, thereby fueling its last bull run.

$ETH/BTC (1M) – This is where ETH woke up last cycle.

Back in 2020, ETH/BTC bottomed in this zone.

What followed was one of the strongest periods of ETH outperformance in history.

Today:→ ETH/BTC is back at the same support level→ Price is being squeezed inside the apex… pic.twitter.com/f7Vfx7R3gi

— CRYPFLOW (@_Crypflow_) June 6, 2026

Crypflow reveals that recently the pair has reached the same historical bottom, specifically around the 0.02528 mark. Notably, this fall towards the key level marks months of Ethereum underperformance relative to BTC. In this scenario, we see the ETH/BTC price being compressed at the apex of the trend’s triangle.

As such, Crypflow explains that for the past pattern to play out again, there must be a definitive breakout from this structure. If this happens, the Ethereum price could see a rapid and significant inflow of bullish momentum, as the breakout would signal that capital is being rotated back into Ethereum. The fact that the risk/reward ratio appears very enticing in the current setup makes it all the more likely that the 2020 bottoming and breakout events will recur.

Bitcoin Price At Pivotal $60,000 Support: Is A Recovery Underway?

In a separate post on X, Crypflow highlights that the Bitcoin price is currently testing one of its support zones that has previously cushioned weakness. The crypto pundit lists the $60,000 price level as this critical zone, which has served as the Bitcoin bottom seen in February.

With the zone being tested again, Crypflow suggests the bitcoin price could be in the earliest stages of recovery. However, this is only within the bounds of possibility, so far, $60,000 is not lost. If $60,000 holds, and a clear breakout is seen, the recovery effort could be said to have fully begun.

On the contrary, if the $60,000 zone fails to hold, Crypflow explains that Bitcoin could see a sharp downturn, with its next major target at $54,000. In this case, all hopes of a reversal playing out would have to rest on the integrity of the $54,000 level.

As of this writing, the Bitcoin price stands at $62,375, reflecting 2.45% growth over the past day. Ethereum shows similar price growth, currently worth $1,610, up 2.52% over the past 24 hours, according to CoinMarketCap data.

The security researcher, who discovered the Orchard Pool vulnerability in Zcash, says he has added other privacy-focused coins, including Monero, to his audit queue.

Researcher To Audit Monero After Finding Zcash Flaw

Security engineer Taylor Hornby, who used the Claude AI Opus 4.8 model, has revealed that he intends to audit Monero, among other crypto projects, in the near future. “Absolutely! I’ll add Monero to my queue of things to audit,” Hornby responded when asked on X whether he could look for bugs in XMR and other privacy-focused cryptocurrencies.

The Orchard Counterfeiting flaw, which could have enabled a bad actor to mint unlimited, undetectable amounts of counterfeit ZEC tokens, had gone undetected since May 2022. Hornby discovered the counterfeiting vulnerability in Zcash’s Orchard pool on May 29 and reported it to Zcash Open Development Lab (ZODL), which coordinated an emergency network fix by June 2.

The language in the public notice of the vulnerability emphasized that, while there was no evidence of exploitation, due to Zcash’s privacy property, there was no way to cryptographically confirm that the bug was not exploited during the period it went unnoticed. This impossible situation has cast doubt on the privacy feature in certain cryptocurrencies, such as Monero.

Hornby explained that his close relationship with the Zcash developers and the impact of the crypto project on his life were the reasons he disclosed the flaw rather than exploiting it. Additionally, the security researcher revealed that he intends to apply for a Zcash coinholder grant while seeking voluntary donations to fund further work.

The discovery of this vulnerability precipitated a level of FUD-driven capitulation in the crypto market, with ZEC losing nearly half of its value on the day. With Monero seemingly next on the list, anything less than a favorable security audit report could trigger the return of doubt into privacy-focused coins and the general cryptocurrency market.

What’s The Next Move For The Privacy Coin?

With no cryptographic way to confirm whether the counterfeiting vulnerability was exploited, Shielded Labs, alongside the ZODL and other key stakeholders, has launched a proposal called Ironwood. Ironwood is expected to enable users to verify the authenticity of ZEC’s circulating supply.

According to the proposal, users would be able to independently verify the total circulating supply of Zcash by running a node. “As soon as Ironwood activates, users can verify from the consensus rules that no more than the correct amount of ZEC can be circulating,” the initial proposal read.

As of this writing, the price of ZEC sits at around $400, reflecting an almost 4% jump in the past 24 hours.

South Korean police opened the country's first illegal gambling probe into domestic Polymarket users on Jun. 5, targeting residents who placed bets on the Jun. 3 local election outcomes.

The Gangwon Provincial Police Agency is leading the investigation at the request of the National Police Agency, tracing cryptocurrency transaction records to identify users nationwide.

Those identified face potential fines of up to 10 million won ($6,500) under Article 246 of the Criminal Act. Polymarket's resolved 2026 Seoul mayoral election market alone showed a total volume of $52.2 million, putting activity well into the tens of billions of won across Korean election markets.

South Korea ranks 15th in Chainalysis' 2025 Global Crypto Adoption Index, the latest addition to a list that already includes India (#1), Brazil (#5), Indonesia (#7), and Thailand (#17).

Six of the top 20 crypto adoption markets have now moved against prediction platforms through gambling law, derivatives restrictions, ISP blocks, user enforcement, or some combination of all four.

Crypto adoption and legal permission for crypto-native financial products diverged, and prediction markets are caught in that gap.

The volume that drew attention

Combined monthly trading volume on Kalshi and Polymarket climbed from under $5 billion in September 2025 to over $10 billion in May 2026.

For context, legal US sportsbooks averaged about $14 billion in monthly wagers throughout 2025. Sports, politics, and crypto drove 91% of Kalshi's global volume and 90% of Polymarket's since July 2024.

Sports alone accounted for 80% of Kalshi volume, while politics accounted for 32% of Polymarket's, and those product concentrations are precisely where regulators draw the hardest lines.

Since the start of 2026, Kalshi flagged over 400 suspicious trades, more than double its total for all of 2025. Platforms built market integrity mechanisms faster than legal frameworks emerged to govern them.

How the classification breaks down

On Apr. 24, Brazil's Finance Minister Dario Durigan announced that the National Monetary Council's Resolution No. 5,298 blocked 27 platforms, including Polymarket, Kalshi, PredictIt, and Robinhood's forecasting feature. It also prohibited derivatives tied to sports, online gaming, political, electoral, cultural, and social outcomes.

Only contracts tied to economic benchmarks, such as exchange rates or interest rates, survived the cut. Durigan said the government wanted to prevent an unregulated betting market from embedding itself in household finances at a moment when Brazil was already working to reduce consumer debt.

Kalshi's timing was particularly poor: the platform had announced a Brazilian distribution partnership with brokerage XP International in March 2026, one month before the block took effect.

India treated the same product through a different legal pipe and arrived at the same outcome. Both houses of Parliament passed the Promotion and Regulation of Online Gaming Act 2025 in August 2025, received presidential assent the same month, and came into force on May 1, 2026.

Under the law, prediction markets fall into prohibited online money gaming, with the classification covering event contracts regardless of how operators frame them as derivatives or forecasting tools.

MeitY issued a blocking order against Polymarket and is preparing a similar order for Kalshi. On Apr. 25, the ministry sent a letter specifically to VPN providers, warning them against enabling access to blocked platforms.

Targeting VPN providers alongside platforms extends enforcement one layer deeper into the access stack.

Indonesia blocked Polymarket after markets on the potential early end of President Prabowo Subianto's term circulated on the platform. Thai cybercrime authorities moved earlier to classify Polymarket as illegal online gambling.

Spain ordered ISPs to block Polymarket and Kalshi on May 26, pending disciplinary proceedings by the gambling watchdog, DGOJ, expected to last 3 to 4 months.

Spain sits outside Chainalysis' top 20, but its enforcement rests on consumer-protection machinery, giving regulators a framework that applies regardless of whether the product is classified as a derivative.

The US version

The United States presents a jurisdiction fight, as federal CFTC regulation coexists with state-level gambling claims over the same contracts, and that tension remains unresolved.

Kalshi holds a designated contract market license, and Polymarket relaunched a US exchange in late 2025 after acquiring a regulated derivatives firm.

Several states argue that sports and election contracts cross into gambling territory regardless of CFTC oversight, resulting in litigation that carves up the domestic market into patches.

In April 2026, Polymarket International recorded $9 billion in trading volume, compared with $1.3 billion on Polymarket US.

The US House Oversight Committee opened a probe into Kalshi and Polymarket in May 2026 over whether government employees were trading on classified information, with Chair James Comer signaling potential legislation to bar members of Congress and administration officials from participating.

That market-integrity argument adds legislative pressure independent of the CFTC-versus-state question.

How far the collateral wedge travels

In the bull case, regulators in key financial centers accept event contracts as legitimate derivatives when used for economic, financial, or hedging purposes, and require platforms to strip out sports, politics, and elections to operate legally.

Kalshi's CFTC-regulated model serves as the template, with platforms bifurcating into a compliant financial-contract layer and a separate offshore, crypto-native layer.

The offshore layer continues to attract retail demand until payment friction, app-store enforcement, or VPN crackdowns gradually narrow access.

In the bear case, Brazil's category-wide derivatives ban and India's online money-gaming classification spread to additional top crypto-adoption markets.

Sports, politics, and elections are the products users actually want, and those are precisely the contracts regulators target. Platforms that depend on those categories for 90% of volume cannot strip them out without becoming structurally different businesses.

A market-integrity incident, such as a documented case of insider trading on a geopolitical event or election, accelerates the cascade. Kalshi flagged 400-plus suspicious trades in the first five months of 2026 alone. The raw material for a triggering event already exists.

Regulated financial contracts will serve jurisdictions willing to treat narrow categories of events as CFTC-style derivatives. Licensed gambling products will be offered on platforms that classify outcome contracts as bets and comply with local consumer protection regimes.

Geofenced crypto-native markets will continue to reach users through stablecoins, wallets, and VPNs until access, payment processing, or enforcement pressure catches up.

South Korea's probe shows the enforcement logic is moving from platform blocking to user liability, with authorities tracing crypto transaction records to identify individuals and summon them for questioning.

The post Crypto rails made prediction markets global, gambling laws may make them local again appeared first on CryptoSlate.

AI has hit an electricity problem. Running it takes staggering amounts of power; demand in the US is climbing faster than the grid can keep up, and that's handing enormous leverage to the companies that generate and deliver it.

On June 2, the Electric Reliability Council of Texas voted to overhaul how it admits large power users to the grid, wading through a backlog of data centers, crypto mines, and industrial sites all reaching for the same megawatts.

That same week, lawmakers in Albany, New York, were racing to pass a one-year moratorium on new large-scale data centers, which could make the state the first in the country to pause the buildout outright.

The companies training frontier models keep running into a wall built from copper, concrete, and regulatory patience. The beneficiary of all that demand is the unglamorous entity at the other end of the wire: the utility, the grid operator, the power producer that decides who gets electricity, when, and at what price.

Electricity became the scarcest asset for AI

For most of the past decade, every conversation about AI revolved around software, and the most important constraint people were worried about was the supply of advanced GPUs.

Now, the conversation has shifted to industrial economics, and the limiting inputs are land, generation capacity, water, high-voltage transformers, and local boards.

Goldman Sachs expects US data center power demand to climb from 31 gigawatts in 2025 to 41 in 2026 and 66 in 2027, lifting data centers' share of US peak summer demand from 4.1% to 8.5% over the same stretch.

However, the bank noted that only about 50% to 60% of the capacity scheduled over the next year or two is likely to arrive on time, due to delays and cancellations. Even when discounted, the grid is being asked to absorb in two years what it usually takes a decade to add.

The International Energy Agency projects that data center electricity use will roughly double by 2030, while demand from AI-focused facilities will triple. Its report leans hard on the bottlenecks, from tightening supply chains for gas turbines and transformers to grid connections that take years and a rush toward on-site generation that mostly remains on paper.

Power companies now have an unbelievable amount of leverage. A utility collects regardless of which company wins the race; all it needs is for the race to keep demanding more power. Regulated utilities earn returns on approved capital spending, so a wave of grid upgrades becomes a wave of rate-based revenue.

Independent power producers sell into a tighter market but at higher prices. Grid operators, holding a finite stock of connection capacity, become the gatekeepers who decide which projects are viable.

Texas shows how gatekeeping turns into rules. Under Senate Bill 6, ERCOT is now using a “pay your own way” model that loads interconnection costs onto large customers and forces them to stand down during emergencies, with a non-refundable $ 50,000-per-megawatt fee and steep deposits to weed out speculative claims.

The strain is hard to overstate, since nearly 200 large users lined up in the first months of 2026 alone, together seeking a combined 438 gigawatts, more than five times what the entire state currently draws.

New York's proposed pause approaches the same problem from the political flank, weighing AI data center growth against household bills, water use, and grid reliability. Electricity has become a rationed input, and the parties doing the rationing now have the strongest hand at the table.

Bitcoin miners saw this fight first, and now everyone pays

The Bitcoin market is familiar with this bottleneck because it was the miners who first lived it. Mining built a business on cheap, interruptible power, using flexible load that switches off when the grid strains and soaks up surplus when prices crater.

That's why Texas wrote its new demand-response programs around it, and why miners spent years chasing wasted watts into windy plateaus and hydro spillways where energy often sat stranded and was cheap. Some analysts go further and argue the grid should welcome that flexibility as a service, given how fast miners can curtail.

That's almost the exact opposite of what AI wants and needs. Hyperscalers want steady, always-on power and long-term certainty, backed by jobs and national-competitiveness arguments that carry real political weight. When BlackRock warned this January that AI data centers could consume as much as 24% of US electricity by 2030, it effectively declared the cheap-power truce over.

A CryptoSlate analysis comparing energy footprints across streaming, AI, and crypto reached a similar verdict, with miners now facing a tight squeeze as AI firms bid up the price of firm supply.

The power company is now arbitrating that fight, and profiting from it whichever way it breaks.

Should utilities build out generation and transmission to serve AI hyperscaler demand, ratepayers can end up absorbing part of the cost unless regulators ring-fence those expenses or compel large loads to cover their own share.

The federal forecast already leans that way, with the EIA expecting US power use to set fresh records in 2026 and 2027. Residential prices have already increased 5% in 2026, with the sharpest increases landing along the East Coast.

AI promised abstraction, intelligence rendered as weightless, infinitely copyable software. Its expansion has made electricity the scarce commodity that determines who gets to scale, who gets priced out, and who collects a check, no matter which company captures most of the market. The companies will keep chasing the headlines, while the power company keeps a steady hand on the meter.

The post AI’s power race is shifting leverage from chipmakers like NVIDIA to the grid appeared first on CryptoSlate.

President Donald Trump said Friday the US government may take equity stakes in AI giants such as OpenAI, Anthropic, and xAI. Anthropic, however, is reportedly absent from the equity talks, an absence that may become its biggest asset.

Trump plans to host AI executives at the White House to discuss the ownership plan as early as next week. Meanwhile, Anthropic and OpenAI are both racing to go public at valuations near $1 trillion.

Trump’s AI Ownership Plan Leaves Anthropic Out

Senior US officials held preliminary discussions with major AI companies about the government acquiring shares. A person familiar with the matter said Anthropic is not having those conversations.

OpenAI sits at the other end of the spectrum. CEO Sam Altman has discussed the concept with administration officials since early 2025, according to CNBC.

OpenAI’s April policy proposal also outlined a Public Wealth Fund that donated equity could seed.

Follow us on X to get the latest news as it happens

Trump framed the idea as a way to give taxpayers direct exposure to AI profits, per the Washington Post.

“It almost becomes a partnership with the American public.”

Dilution Math Ahead of Trillion-Dollar IPOs

The proposal lands at a sensitive moment. Anthropic submitted a confidential S-1 on June 1 after a $65 billion Series H valued it at $965 billion.

OpenAI was last valued at $852 billion in March and is preparing its own listing.

The administration has precedent. It took a roughly 10% stake in Intel in 2025 and holds positions in IBM and several quantum firms.

A similar stake at OpenAI’s valuation would shift roughly $85 billion away from existing shareholders and IPO buyers.

Political pressure spans both parties. Senator Bernie Sanders has proposed a one-time 50% tax, paid in shares, on OpenAI, Anthropic, and xAI.

Investors weighing the $3 trillion IPO wave must therefore price governance risks that Anthropic, for now, does not carry.

From Blacklist to Advantage

Anthropic’s distance from Washington was not a strategy at first. The company refused a Pentagon ultimatum in February over unrestricted military use of Claude.

Trump ordered federal agencies to halt business with the firm on February 27.

The Pentagon then labeled Anthropic a supply chain risk, the first such designation for a US company. Anthropic sued the administration in March and lost an appeals court bid in April, though Trump later called a defense deal possible.

That feud kept Anthropic out of the equity conversation. Heading into its IPO, the same independence could now read as a cleaner ownership story for public investors.

Next week’s White House meeting may clarify stake sizes, voting rights, and which companies participate.

Until then, the open question is whether markets pay a premium for the AI firm the government does not own.

The post Trump’s AI Ownership Plan Could Benefit Anthropic at OpenAI’s Expense appeared first on BeInCrypto.

Pump.fun introduced ‘GO’ last week as a bounty marketplace where users can pay strangers in crypto to do almost anything. Within days, one of those bounties turned into a bizarre dispute over a forehead tattoo, a misspelled meme coin ticker, and a blocked 40 SOL payout.

Arivu, a man from Tamil Nadu, India, permanently tattooed the ticker exactly as written in the bounty prompt. Only afterward did he learn the post contained a typo.

The mistake could have cost him the reward. Instead, Solana traders launched a token in his name and turned the failed payout into a five-figure payday.

Forehead Tattoo Bounty Sparks Spelling Fight

Pump.fun opened its GO marketplace on June 4, and the platform immediately drew backlash over extreme listings.

One bounty offered 40 SOL to anyone willing to tattoo “$boutywork” on their forehead.

Arivu accepted the challenge. He filmed the full process at a local tattoo shop, including visible bleeding, and submitted the video as proof on June 6.

However, the payout stalled at one point. Critics argued the listing contained a typo and that the intended ticker was “$Bountywork” with an “n”.

Arivu countered that he had inked the exact text in the prompt.

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Traders Turn the Typo Into a Token

Rather than wait for a ruling, Solana traders launched BOUTYWORK on Pump.fun with Arivu’s selfie as its logo. The coin reached a market cap of $373,000 within hours.

Creator fees routed to Arivu totaled roughly $15,000, with estimated hauls around $17,500, while the unpaid bounty is worth about $2,585, with SOL at $64.62.

The incident deepens the questions about moderation raised during Pump.fun’s pivot toward utility tokens. It also lands as the platform faces scrutiny over PUMP’s valuation and runs a $350 million buyback campaign.

Whether the original 40 SOL bounty ever pays out now sits with Pump.fun’s moderators. Their decision on the typo may set the template for every subsequent disputed GO submission.

The post Pump.fun Bounty Backfires After Man Inks Misspelled Meme Coin on Forehead appeared first on BeInCrypto.

On June 5, Morgan Stanley Wealth Management, a leading American multinational investment bank and financial services company, announced the launch of its in-kind referral partnership with Galaxy Digital.

This agreement is expected to introduce a way for eligible clients to use in-kind creation for spot cryptocurrency exchange-traded products (ETPs).

Under this setup, clients will be able to convert the cryptocurrency they already hold into shares of spot crypto ETPs more easily than before.

This announcement is a major development where traditional finance is connecting with the digital asset sector. It is created on Morgan Stanley’s growing presence in the digital asset sector, including the launch of its own Bitcoin trust, called the Morgan Stanley Bitcoin Trust (MSBT), earlier in 2026.

How the Morgan Stanley-Galaxy Referral Works

This new partnership will allow clients of Morgan Stanley Wealth Management to lend their digital assets, such as Bitcoin, Ether, or Solana, to Galaxy Digital. In return, those clients will receive shares in spot crypto exchange-traded products, including Morgan Stanley’s own MSBT fund, which tracks the price of Bitcoin.

There are many major benefits of this partnership. At times, traditional processes can take more than 4 weeks. This referral system can shorten that time by up to 75% in some cases. Second, lower entry barriers.

Galaxy has reduced the minimum transaction size for referred clients from $25 million down to $5 million. This makes the service accessible to more qualified investors.

Another major benefit of this partnership is the integration of a better portfolio. Shares of the exchange-traded products can fit into existing brokerage accounts, and they support features such as margin trading and lending.

Morgan Stanley is providing educational materials and handles referrals only when clients ask for them without any solicitation. Galaxy manages the actual transactions, the process of bringing clients on board, and the execution of trades. The two firms are not affiliated, and Morgan Stanley does not receive any payment from these referrals.

Zane Glauber, Global Head of Distribution at Galaxy, stated in the press release that, “We are excited to support referrals from Morgan Stanley Wealth Management to offer an efficient and secure path to access spot crypto ETPs. Streamlined onboarding and lowered transaction minimums make it easier for clients to integrate digital assets alongside traditional investments, supporting a holistic approach to wealth management.”

Recent Progress in Crypto ETPs

In July 2025, the SEC approved in-kind creation and redemptions for certain Bitcoin and Ether exchange-traded products. This moved beyond the earlier system that only allowed cash transactions. This change improves liquidity, narrows the difference between buying and selling, and offers tax benefits because it avoids forced sales of assets.

Morgan Stanley itself launched the MSBT in April 2026. This made the company the first asset manager affiliated with a US bank to offer a crypto exchange-traded product. Other firms, such as Invesco with its Bitcoin and Ethereum ETFs that are partnered with Galaxy, have also expanded their digital asset offerings.

Alison Nest, Head of Investment Solutions Products, Morgan Stanley Wealth Management, said, “Morgan Stanley has been investing in the DeFi space for some time, and we are proud to support a referral capability with Galaxy to provide Wealth Management clients with an institutionalized pathway that helps integrate digital assets into their portfolio. This referral arrangement represents a significant step forward in bridging traditional finance and decentralized finance, providing more investors with streamlined opportunities to diversify.”

Recently, VanEck announced the launch of VBNB as the first U.S. spot ETF offering direct exposure to BNB.

On June 4, Ripple, the leading blockchain infrastructure, announced the multi-chain expansion of its native stablecoin, RLUSD, by using Wormhole’s Native Token Transfers (NTT). 

After its launch in 2024, this announcement is a major expansion for the RLUSD. The stablecoin is designed to meet various purposes, such as cross-border payments, institutional on/off-ramps, and tokenization use cases. The integration of the cross-chain bridge will increase the presence of Ripple’s native stablecoin on various Ethereum Layer 2 networks and related chains.

Wormhole Supports RLUSD’s Multi-Chain Push 

Wormhole is a major cross-chain bridge, which is used to connect different blockchain networks. Ripple will use Wormhole’s Native Token Transfers (NTT). This is different from the other bridges that create wrapped versions of tokens. The NTT standard will allow Ripple to issue and control its RLUSD stablecoin directly on each blockchain.

On the Wormhole bridge, users can transact RLUSD from one blockchain to another blockchain by using the system, where tokens are burned on the source chain and issued in the destination chain. This kind of mechanism allows the stablecoin to maintain its backing with USD, Treasury securities, and cash equivalents. RLUSD is also known for its compliance with digital asset regulation with great transparency.

The integration will improve the liquidity with low-cost transactions. This will help it to avoid the problems of fragmented or synthetic assets by allowing the native movement of RLUSD across different blockchains.

Stablecoin Market Soars with Growing Regulatory Clarity

The recent regulatory developments around the digital sector, like the GENIUS Act and CLARITY Act, have helped the stablecoin market to grow. According to DeFiLlama, the cumulative market capitalization of stablecoins has soared to around $320 billion.

RLUSD was launched in December 2024 on the XRP Ledger and the Ethereum network. It has grown steadily because of its regulated status. As of now, the stablecoin is holding $1.74 billion in total market capitalization with its presence on the XRP Ledger and the Ethereum blockchain network, according to rwa.xyz.

RLUSD is one of the most regulated stablecoins available in the market. Many institutions are planning to integrate these stablecoins to enhance cross-border transactions. Ripple’s stablecoin is also standing out in oversight from New York’s Department of Financial Services (NYDFS) trust company. Ripple has also applied for a federal OCC charter for even stronger dual regulation.

Recently, Mastercard also revealed its plan to increase its integration with the XRP Ledger (XRPL) in order to enhance support for settlement capabilities.

While the stablecoin market is growing steadily, JPMorgan Chase CEO Jamie Dimon has raised objections to the CLARITY Act to allow crypto companies to provide yields on stablecoins. He stated that this can create unfair competition and damage the financial stability of the traditional banking sector.

Jamie Dimon stated that “it allows them to effectively pay interest on deposits, stablecoins, or something like that, without the protection that they should have. The banks will not accept it that way. … I’m not worried about stablecoins, but if it happened, I’m telling you I will have nothing to do with it, and it will eventually blow up.”

XRP could be on track for one of its biggest price moves ever — but investors may need to wait until late 2027 or even 2028 to see it play out.

A Long Road Ahead

That’s the view from market analyst Dr Cat, who recently flagged $1.034 as a compelling long-term buy zone for the token.

According to the analyst, that price level lines up with a thick Ichimoku Cloud support zone on the charts, which he sees as offering a strong risk-to-reward setup for patient buyers.

The price he’s projecting – the $30 target – would represent a gain of roughly 2,600% from XRP’s recent low of $1.09. That kind of move would rank among the largest in the token’s history.

The Numbers Behind The Call

The forecast, however, comes with conditions attached. Dr Cat’s model assumes XRP would need to trade at around 12,000 satoshis against Bitcoin, while Bitcoin itself would have to climb to approximately $250,000. Both would need to happen for the $30 scenario to materialize.

$XRP Ripple

If you are looking for an entry for long term from $USDT perspective I think that 1.034$ where the kumo surface is thick is a good buy price. Targeting ~30$ (12K $XRPBTC with ~250K $BTCUSD) in late 2027/2028.

If $BTC dumps to 3 or 4 handle it goes without saying… https://t.co/JjSaHChkQF pic.twitter.com/8yTtYiZ77t

— Dr Cat (@DoctorCatX) June 5, 2026

The analyst also warned that the path there won’t be smooth. If Bitcoin falls into a deeper correction, XRP could drop another 50% from current levels — a risk he acknowledged even while holding his bullish long-term view.

His higher-timeframe analysis suggests the next major expansion phase for XRP may not begin before September 2027, meaning anyone who buys in now could be sitting through a long consolidation window before any serious upside kicks in.

The backdrop for all this is a token that has taken a hard hit in recent months. Based on data from Coingecko, XRP is down 18% over the past week, 20% over the past month, and 38% year-to-date. From its all-time high of $3.65, the token has shed more than 60% of its value.

The wider market hasn’t helped. XRP dropped to $1.09 during a sharp correction that also dragged Bitcoin down to around $59,000 after it had been trading above $70,000 just days earlier.

Some in the XRP community see the selloff differently. Analyst Digital Outlook has pointed to similarities between current market conditions and the period following the SEC’s lawsuit against Ripple in December 2020.

Reports indicate XRP fell to around $0.17 in the aftermath of that filing, only to surge past $1.96 by April 2021 as sentiment shifted — a gain of more than 1,000%.

Whether history repeats is far from guaranteed. But for Dr. Cat, the $1.034 zone remains his line in the sand — a level he believes offers long-term buyers a solid base, even if the wait turns out to be a long one.

Featured image from Unsplash, chart from TradingView

Bitcoin closed the week of June 5, 2026 down by almost 20%, its highest single-week percentage decline since the collapse of FTX in November 2022. The last time the market saw a candle this red, it was during the cycle bottom. 

This time, however, the current setup is more complicated, as Bitcoin is reacting to a combination of institutional selling pressure, ETF weakness, and fading confidence after a failed recovery attempt above $82,000.

Bitcoin’s Drop Brings Back The FTX Comparison

Bitcoin’s price action in the first week of June was one of its most notable weeks in history. BTC opened the week around $73,760, briefly pushed as high as $74,092, and then fell to a low of about $59,130, according to data from TradingView. 

The move translates to a decline of about 19.5% from the weekly open to the low and 20.1% from the high to the low, making it Bitcoin’s worst weekly percentage drop since the FTX crash in 2022, when the price fell by roughly 22% in a single week. 

However, there is also a note about where the candle is showing up in the market structure. During the FTX collapse, the violent weekly move came after months of selling pressure and ended up happening close to the final bear-market bottom. The current decline is also appearing after Bitcoin has already lost a major portion of its value from the October 2025 all-time high above $126,000. 

Bitcoin Price Chart.

At the time of writing, Bitcoin is trading at $62,150, placing it about 50.7% below that peak. The similarity does not guarantee that the market has reached a bottom, but it does raise the possibility that the latest weekly price crash is moving into the kind of final-washout zone that followed FTX’s crash. That angle is being overlooked by many analysts, especially as several forecasts still point to a prolonged bear market that could stretch into at least Q4 2026

Bitcoin Enters Extreme Undervaluation

Crypto analyst Darkfost noted that Bitcoin has now fallen below the 4% quantile on the Bitcoin Porkopolis Power Law Quantile Regression model. The chart places Bitcoin’s current quantile around 3.9%, meaning the asset is trading in a zone that has appeared during less than 4% of its historical price action relative to its long-term growth curve.

The Power Law model is a long-term valuation model that can also be used for a reversal signal. Every prior instance in which the quantile oscillator reached this level, visible in the chart across 2015, 2018/2019, and the 2022 bottom, preceded notable multi-year recoveries.

Bitcoin Power Law Regression. Source: @Darkfost_Coc On X

Bitcoin can stay undervalued for longer than traders expect, especially if the momentum is weak and there’s forced selling. Still, the metric does show that Bitcoin is now much closer to the lower regression bands than the overheated upper bands in previous cycle peaks.

Featured image from Pexels, chart from TradingView