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World Cup Predictions: 100,000 USDT DailyBTC Prophet: 20-Day 380 Million HTX ChallengeHTX Creation Challenge — Post and Win 1,500U 💥 Ripple Slashes RLUSD Supply In Massive Burn Wave Ripple has burned 

World Cup Predictions: 100,000 USDT Daily

BTC Prophet: 20-Day 380 Million HTX Challenge

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

Ripple Slashes RLUSD Supply In Massive Burn Wave

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 over the same period, marking a notable period of supply contraction for the regulated dollar token.

A Record Burn Streak

Most of the destruction was concentrated between June 2 and 12, making it the longest intraday burn streak since RLUSD launched in December 2024. The single largest burn came on June 3, when $75.1 million was removed from circulation in a single day. The scale and duration of this episode stands apart from previous activity, which had typically involved shorter, more isolated burn events.



Ripple Slashes RLUSD Supply In Massive Burn Wave

HTXCommunity4thAnniversary

On June 23, the SBI Group received approval from the Financial Services Agency of Japan and plans to issue the yen-pegged stablecoin JPYSC within this week, becoming the first trust-based stablecoin i

SBI Plans to Issue Yen-Pegged Stablecoin JPYSC This Week

World Cup Predictions: 100,000 USDT DailyHTX Invites You to Share 600K USDT in Gift PacksTradFi Trading Strategies Sharing ChallengeWhy Is the Crypto Market Crashing Today? Another wave of panic has h

HTX Invites You to Share 600K USDT in Gift Packs

TradFi Trading Strategies Sharing Challenge

Why Is the Crypto Market Crashing Today?


Another wave of panic has hit the crypto market. Bitcoin is falling, Ethereum is bleeding, and altcoins are rapidly losing momentum as traders rush to exit leveraged positions. More than $660 million has already been wiped out in liquidations, turning what began as a pullback into a full-scale risk-off event. 

With sentiment collapsing and key technical levels breaking down, investors are now facing a difficult question: why is the crypto market crashing today and is the worse still ahead?

Liquidation Cascade Triggers Market-Wide Selloff

The biggest driver behind today’s decline appears to be the massive liquidation event across derivatives markets. More than $660 million worth of crypto positions were wiped out over the past 24 hours, with long traders suffering the overwhelming majority of losses. Bitcoin and Ethereum accounted for a large portion of these liquidations as leveraged positions were automatically closed.

Why Is the Crypto Market Crashing Today?

World Cup Predictions: 100,000 USDT DailyBTC Prophet: 20-Day 380 Million HTX ChallengeHTX Creation Challenge — Post and Win 1,500U 💥Bitcoin Hits Two-Week Low as Tech Selloff Sparks Risk-Off Mood Bitco

Bitcoin Hits Two-Week Low as Tech Selloff Sparks Risk-Off Mood

Bitcoin fell to an almost two-week low as a selloff in tech stocks hit risk assets.

The original cryptocurrency fell as much as 3.9% to $61,877, its lowest level since June 11. It pared some losses to trade around $62,400 at 10 a.m. in London. Other tokens declined as well, with Ether down as much as 5.6%. Solana and XRP fell as much as 6.4% and 3.3%, respectively.


Bitcoin Hits Two-Week Low as Tech Selloff Sparks R

World Cup Predictions: 100,000 USDT DailyHTX Invites You to Share 600K USDT in Gift PacksBTC Prophet: 20-Day 380 Million HTX Challenge SpaceX’s $600 billion plunge erased nearly half of bitcoin’s mark

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 a 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 xAI in February.

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.

SpaceX’s $600 billion plunge erased nearly half of

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

Hut 8 to pay $2.35 million to settle investor suit over U.S. Bitcoin mergertFormer 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

Market volatility is expected to continue as short-term risk assets have yet to show significant signs of recovery in buying demand. The US Federal Reserve has maintained interest rates at 3.50%-3.75%

Market volatility is expected to continue as short-term risk assets have yet to show significant signs of recovery in buying demand. The US Federal Reserve has maintained interest rates at 3.50%-3.75% while signaling a hawkish stance, with the latest rate forecast indicating a potential increase. Nine out of 18 officials predict at least one rate hike this year, and 17 believe inflation risks are tilted to the upside. As a result, the market has adjusted its expectations, with the probability of a rate hike in December rising to 77%. 

In the crypto market, despite a recent increase of 1,587 BTC, buying activity from ETFs and institutions has not shown significant recovery. The market's focus will shift to US PCE data and Middle East negotiation progress, with risk assets likely to remain volatile until capital flows improve. BTC and other cryptocurrencies may experience continued fluctuations in the short term

The Synthetix community has given final approval to SIP-423, a proposal that would exchange each sUSD for four SNX tokens. According to NS3.AI, Synthetix plans to freeze the sUSD contract and move for

Synthetix Approves SIP-423 to Redeem sUSD for Four SNX With Lockup and Vesting Terms

XEC (eCash) chatter is neutral but concerned as holders discuss volatility and a recent dip (low engagement). On May 31, eCash’s monthly recap confirmed the May 15 network upgrade completion and urged

World Cup Predictions: 100,000 USDT DailyBTC Prophet: 20-Day 380 Million HTX ChallengeHTX Creation Challenge — Post and Win 1,500U 💥 XRP Spot ETF Inflows Hit Two-Week High Demand for $XRP spot ETFs pi

XRP Spot ETF Inflows Hit Two-Week High

Demand for $XRP spot ETFs picked up on June 22, with net inflows hitting $5.31 million, the strongest single-day figure in two weeks, according to data from SoSoValue Crypto.

Bitwise Carries the Load

The entire $5.31 million came from a single fund. Bitwise's XRP ETF, listed on NYSE Arca, gave investors a regulated vehicle for direct XRP price exposure. The fund launched in November 2025 and is sponsored and managed by Bitwise Investment Advisers.

The last time daily inflows surpassed June 22's figure was June 9, when the broader XRP spot ETF category pulled in $7.44 million across all products.



XRP Spot ETF Inflows Hit Two-Week High

SKYAI price prediction: Is the leverage flush setting up a breakout? source-logo ambcrypto.com 5 h HTX Invites You to Share 600K USDT in Gift PacksHTXCommunity4thAnniversary2026 World Cup Posting Challenge on HTX Square SkyAI [$SKYAI] continued defending its mid-June breakout structure despite a sharp rejection from the $0.4792 high. Momentum built and strengthened each time the price returned to previous support levels. Moreover, buyers successfully defended their recent breakouts into early June with a sharp reversal of trend when they rejected the price action at $0.4792. After the sharp decline, the price moved to find support around $0.328 and then began an upward march through the resistance zone of $0.398.

SKYAI price prediction: Is the leverage flush setting up a breakout?
source-logo  ambcrypto.com
5 h


2026 World Cup Posting Challenge on HTX Square

SkyAI [$SKYAI] continued defending its mid-June breakout structure despite a sharp rejection from the $0.4792 high.

Momentum built and strengthened each time the price returned to previous support levels. Moreover, buyers successfully defended their recent breakouts into early June with a sharp reversal of trend when they rejected the price action at $0.4792.

After the sharp decline, the price moved to find support around $0.328 and then began an upward march through the resistance zone of $0.398.

<div class="RichTextParagraph RichText" node-type="RichTextParagraph">
<span class="RichTextText" node-type="RichTextText">SKYAI price prediction: Is the leverage flush setting up a breakout?
source-logo  ambcrypto.com
5 h
</span><a class="RichTextArticle" node-type="RichTextArticle" href="holigeit://open/v1?url=ihuobiglobal://m.hbg.com/content/topicDetail?topicId=1317" rel="noopener noreferrer" data-id=1317>HTX Invites You to Share 600K USDT in Gift Packs</a><a class="RichTextArticle" node-type="RichTextArticle" href="holigeit://open/v1?url=ihuobiglobal://m.hbg.com/content/topicDetail?topicId=1306" rel="noopener noreferrer" data-id=1306>HTXCommunity4thAnniversary</a><a class="RichTextArticle" node-type="RichTextArticle" href="holigeit://open/v1?url=ihuobiglobal://m.hbg.com/content/topicDetail?topicId=1298" rel="noopener noreferrer" data-id=1298>2026 World Cup Posting Challenge on HTX Square</a></div><div class="RichTextImage RichText" node-type="RichTextImage"><img src="https://d1x7dwosqaosdj.cloudfront.net/images/2026-06-23/b7ab413b-700e-4090-8031-3d2c8623e707.jpeg" width="745" height="419"></div><div class="RichTextParagraph RichText" node-type="RichTextParagraph">
<span class="RichTextText" node-type="RichTextText">SkyAI [$SKYAI] continued defending its mid-June breakout structure despite a sharp rejection from the $0.4792 high.

Momentum built and strengthened each time the price returned to previous support levels. Moreover, buyers successfully defended their recent breakouts into early June with a sharp reversal of trend when they rejected the price action at $0.4792.

After the sharp decline, the price moved to find support around $0.328 and then began an upward march through the resistance zone of $0.398.</span></div>

SKYAI price prediction: Is the leverage flush sett

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SKYAI price prediction: Is the leverage flush sett

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