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On June 23, SBI Group received approval from the Financial Services Agency of Japan and plans to issue the yen stablecoin JPYSC within this week, making it the first trust-based stablecoin in Japan. T

SBI Group to Issue First Trust-Based Yen Stablecoin JPYSC

2026 World Cup Posting Challenge on HTX Square

World Cup Predictions: 100,000 USDT DailyHTX Invites You to Share 600K USDT in Gift Packs2026 World Cup Posting Challenge on HTX SquareAccording to Crypto Trading Company QCP Capital, the Crypto Marke

World Cup Predictions: 100,000 USDT Daily

HTX Invites You to Share 600K USDT in Gift Packs

According to Crypto Trading Company QCP Capital, the Crypto Market May Continue to Trade Sideways! Here Are the DetailsIt is predicted that the cryptocurrency market may struggle to find a clear direction in the short term, and the current sideways price movement may continue for some time.

A recent market assessment published by crypto trading company QCP Capital states that Bitcoin and the overall crypto market need new macroeconomic and industry-specific catalysts to initiate a strong uptrend.

According to the company’s analysis, Bitcoin attracted attention yesterday by rising above the $65,000 level. This rise was attributed to Strategy’s additional Bitcoin purchases and positive news flow regarding the company’s increased cash reserves. However, uncertainty remains as to whether this increase signals a lasting trend reversal.

QCP Capital highlighted that a mixed picture currently prevails across a wide range of risk assets, particularly in US equity markets. Noting the continued rotation of capital across sectors, the company stated that it is not yet clear to what extent these fund flows will be reflected in the cryptocurrency market.

The analysis also addressed various macroeconomic risks that are weighing on investor confidence. Ongoing geopolitical tensions between the US and Iran, market concerns surrounding Strategy’s STRC perpetual preferred stock issuance, and the stance of the new Federal Reserve chairman Kevin Warsh supporting tight monetary policies were cited as factors reducing risk appetite.

According to QCP Capital, for Bitcoin to break out of its long-standing sideways trading range and initiate a strong uptrend, positive macroeconomic developments and a strong, crypto-specific narrative need to emerge simultaneously. Otherwise, the market is expected to continue fluctuating within certain price ranges

According to Crypto Trading Company QCP Capital, t

Sky Protocol (SKY) chatter is cautiously optimistic but low-engagement, with traders focused on liquidity, risk controls, and mainnet stability. On Jun 15 and Jun 18, Sky Governance opened new Atlas/E

World Cup Predictions: 100,000 USDT DailyHTX Invites You to Share 600K USDT in Gift PacksBTC Prophet: 20-Day 380 Million HTX ChallengeHut 8 to pay $2.35 million to settle investor suit over U.S. Bitco

BTC Prophet: 20-Day 380 Million HTX Challenge

Hut 8 to pay $2.35 million to settle investor suit over U.S. Bitcoin mergerFormer bitcoin miner Hut 8 (HUT) agreed to pay $2.35 million to settle a securities class action alleging it misled investors in connection with its 2023 merger with U.S. Bitcoin Corp. (USBTC).

The lawsuit, filed in the U.S. District Court for the Southern District of New York, focused on Hut 8's all-stock merger with USBTC, which closed in November 2023.

Investors alleged the company, which now focuses on AI data centers and high-performance computing, overstated the transaction's benefits while failing to disclose persistent energy curtailment and internet connectivity issues at King Mountain, a Texas bitcoin mining joint venture in which USBTC held a 50% interest.

The litigation gained momentum after short seller J Capital Research published a critical report in January 2024, prompting a slide of more than 23% in Hut 8's share price.

According to a court filing, the $2.35 million recovery represents roughly 19.6% of the estimated maximum recoverable damages, exceeding the 12.9% median and 14.6% average recovery rates for Securities Act-only settlements in 2025.

As part of the agreement, Hut 8 denies any wrongdoing or liability. Hut 8 shares have gained more than 640% over the past year.

Bitcoin Mining
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

Hut 8 to pay $2.35 million to settle investor suit

Ripple has burned $539 million worth of its RLUSD stablecoin over the past 30 days, according to onchain data from validator Vet's community tracker. Burns exceeded mints by more than $129 million ove

Ripple Slashes RLUSD Supply In Massive Burn Wave

World Cup Predictions: 100,000 USDT DailyBTC Prophet: 20-Day 380 Million HTX ChallengeHTX Creation Challenge — Post and Win 1,500U 💥 Bitcoin Rose Yesterday, Fell Today! What’s the Reason for the Drop?

HTX  Creation Challenge — Post and Win 1,500U 💥

Bitcoin Rose Yesterday, Fell Today! What’s the Reason for the Drop? What Can Be Expected for the BTC Price Next? Two Analysis Companies Reve...

The declines seen in US stocks yesterday were first reflected in Asian markets this morning. Chip manufacturers, in particular, experienced sharp sell-offs, and these declines caused Bitcoin to fall to $62,000 and gold to drop to $4,100 per ounce.

While Bitcoin remains above the $62,000 level, analysis firm QCP Capital predicts that BTC and the cryptocurrency market will continue to move within a certain range.

QCP Capital analysts stated that Bitcoin’s recent rise above $65,000 was due to Strategy’s additional Bitcoin purchases. Yesterday, Strategy bought another 520 Bitcoin, increasing its cash reserves by $300 million to $1.4 billion.



Bitcoin Rose Yesterday, Fell Today! What’s the Rea

World Cup Predictions: 100,000 USDT Daily2026 World Cup Posting Challenge on HTX SquareHTXCommunity4thAnniversaryBitcoin price has limited downside, likely near bottom, contrarian indicator suggestslf

Bitcoin price has limited downside, likely near bottom, contrarian indicator suggestslf you're wondering just how much lower bitcoin BTC$62,272.98 is likely to drop, the answer, at least according to one historically accurate contrarian indicator, is not much.

That's the conclusion from an indicator that might seem to signal a bearish shift in sentiment but has tended to presage a more bullish outlook.

The indicator is based on two moving averages: Bitcoin's 50-week simple moving average (SMA) and the 100-week average. The 50-week average, representing roughly one year, is very close to dropping below the 100-week line. A shorter-term measure is often seen as a more accurate reflection of recent attitudes, so the cross would trigger what analysts call a "bear cross." At current trajectories, it could happen as soon as next week.

While that might sound scary to bulls, it is potentially positive news.

There have been three such bear crosses in bitcoin's history, and each marked a market bottom, signaling the end of a decline and the beginning of a three-year rally. The impending cross, therefore, suggests the bear market has nearly run its course and the bottom is near.

Critics would argue that three past instances aren't enough to draw a definite conclusion. While that is true, the contrarian record of the bear cross is consistent with the reputation of ultra-long-duration moving averages as "lagging" indicators.

Bitcoin price has limited downside, likely near bo

World Cup Predictions: 100,000 USDT DailyHTXCommunity4thAnniversary2026 World Cup Posting Challenge on HTX SquareAnalyst Flags $49.56M ONDO Transfer from Team Wallet as Potential Sell-OffAn on-chain a

Analyst Flags $49.56M ONDO Transfer from Team Wallet as Potential Sell-OffAn on-chain analyst has flagged a significant transfer of 150 million $ONDO tokens, worth approximately $49.56 million, from an Ondo Finance team multisig address to an anonymous wallet. The transaction, which occurred roughly eight hours ago, has raised concerns about a potential sell-off.

Recurring Large Transfers from Team Wallet
According to on-chain analyst ai_9684xtpa, the receiving address has been a regular recipient of large $ONDO transfers on a monthly basis. Since April 22, the address has accumulated a total of 425 million $ONDO, valued at around $147 million at current market prices. The analyst noted that funds from two previous large transfers were subsequently deposited to Coinbase in multiple transactions, suggesting a pattern of eventual exchange deposits.

Uncertainty Surrounding Latest Transfer
While the purpose of this latest transfer remains unconfirmed, the historical pattern of subsequent deposits to Coinbase has led to speculation that the team may be preparing to sell a portion of its holdings. The analyst emphasized that the destination and intent of the funds have not been verified, and the transfer could serve other purposes such as treasury management or operational funding.

Market Implications for $ONDO
Large transfers from project team wallets often attract market attention, as they can precede sell-offs that pressure token prices. However, such movements can also be part of routine treasury operations or strategic allocations. The $ONDO token has experienced volatility in recent months, and this latest development adds another layer of uncertainty for traders and investors monitoring on-chain activity.

Conclusion
The $49.56 million $ONDO transfer from a team multisig wallet to an anonymous address highlights the ongoing scrutiny of large tok

Analyst Flags $49.56M ONDO Transfer from Team Wall

$ATOM struggling, down over 10% this week. Trading at $1.76, testing the 24h low of $1.75. Sellers are clearly in control. This structure doesn't look pretty. If that $1.75 level breaks, watch out bel

World Cup Predictions: 100,000 USDT Daily2026 World Cup Posting Challenge on HTX SquareHTXCommunity4thAnniversarySpaceX's $600 billion plunge erased nearly half of bitcoin's market cap in three days.S

SpaceX's

$600 billion plunge erased nearly half of bitcoin's market cap in three days.SpaceX's stock has lost more than $600 billion in market value over three trading days, which is nearly half of bitcoin's $1.3 trillion market cap, after announcing its first bond sale.

Bitcoin fell less than 1% over the same stretch, holding near $63,600, per CoinDesk data.

The stock dropped 16% on Monday to $154.60, its lowest since its June 12 debut, taking its three-day decline to about 23%. The trigger was supposedly plan to sell at least $20 billion of bonds, the company's first time borrowing in the debt markets, to fund the artificial-intelligence buildout it took on when it bought Elon Musk's xAl in February.

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SpaceX chose to borrow rather than issue new shares, which would have diluted existing holders. A week ago it, was worth nearly $2.5 trillion and had briefly passed Amazon and Microsoft but now sits just above $2 trillion.

The selling ran into Tuesday, with a perpetual futures contract that tracks SpaceX on Hyperliquid down another 15% to around $151.

Part of the move is structure. SpaceX trades on a thin float, meaning only a small share of its stock is available to trade, so each move is amplified and the 16% single-session drop on a single headline reflects that thinness.

SpaceX's $600 billion plunge erased nearly half o

The Rotation is Real😌 Are you positioned? 🚀 While the "safe havens" (Gold & Silver) take a breather and the usual suspects (BTC/$ETH ) trade sideways, the real alpha is hiding in plain sight. 💰 $BTC holding strong at $64k – The foundation is solid. 📉 Gold/Silver dipping? That liquidity has to flow somewhere. 🚀 $SPCX up +13.96%? Wait, check that again... -13.96%? (Correction = Opportunity). But here is the signal that matters most: Realm of the Unknown (REUSDT) is down -8.97%. In a bull market, blood in the water is a feast for the sharks. When the "meme" and "speculative" assets bleed, the big players are accumulating. We aren't looking for a 2x; we are looking for the next 100x. The market is whispering. Are you listening? #Altseason

The Rotation is Real😌 Are you positioned? 🚀 While the "safe havens" (Gold &amp; Silver) take a breather and the usual suspects (BTC/$ETH ) trade sideways, the real alpha is hiding in plain sight. 💰 $BTC holding strong at $64k – The foundation is solid. 📉 Gold/Silver dipping? That liquidity has to flow somewhere. 🚀 $SPCX up +13.96%? Wait, check that again... -13.96%? (Correction = Opportunity). But here is the signal that matters most: Realm of the Unknown (REUSDT) is down -8.97%. In a bull market, blood in the water is a feast for the sharks. When the "meme" and "speculative" assets bleed, the big players are accumulating. We aren't looking for a 2x; we are looking for the next 100x. The market is whispering. Are you listening? #Altseason

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