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7 Jun 2026, 07:26
Ripple ETFs Offer Rare Bright Spot Despite XRP’s Crash to 19-Month Low
It was a painful week, no matter how you look at it or which cryptocurrency asset you support. Ripple’s XRP, arguably one of the alts with the biggest and loudest community, was no exception, as it dropped hard. However, there’s a silver lining for the asset, as the exchange-traded funds tracking its performance in the US still managed to close the week in the green, unlike almost all other major crypto ETFs. XRP ETFs Still Ended in Green We will begin by admitting that the actual numbers weren’t the greatest. It wasn’t anything close to the ETFs’ early weeks, in which they attracted $1 billion in just over a month after the launch of the first one. The week ended with a modest $2.62 million in net inflows, but it’s still much better than the funds tracking bitcoin, for example, which shed a massive $1.7 billion (yes, with a B). The spot XRP ETFs had only one day in the red last week, with June 3 seeing $5.34 million in net withdrawals. However, the net inflows of $4.13 million on June 1 and $3.83 million on June 4 managed to offset the losses. The other two trading days saw little to no reportable action, with SoSoValue showing $0.00 against both. Thus, the funds’ total cumulative flows continued to increase slightly and tapped a new all-time high at over $1.43 billion. Bitwise’s XRP has extended its lead over Canary Capital’s XRPC, as both ETFs now hold $467 million and $458 million, respectively. XRP Price Still Plummeted Despite the positive news on the ETF front, the underlying asset was not spared from the overall market-wide calamity . In a week in which BTC dumped from over $73,000 to $59,000, Ripple’s cross-border asset went from $1.33 to $1.05. This 21% crash meant that XRP has marked its lowest price tag since late 2024, just after its post-US presidential election rally began. Although the asset slumped to just inches above the coveted $1.00 psychological level, its rebound has been quite modest, and it still trades below $1.10. Analysts remain hopeful about its long-term potential, but even the biggest believers, such as EGRAG CRYPTO, warn that a dip below $1.00 may be unavoidable at this time unless the broader market’s structure improves rapidly. The post Ripple ETFs Offer Rare Bright Spot Despite XRP’s Crash to 19-Month Low appeared first on CryptoPotato .
7 Jun 2026, 07:10
Hut 8 Prices $4.25B Notes to Build 352MW Texas AI Data Center
Hut 8 has priced $4.25 billion of senior secured notes to finance a large artificial intelligence (AI) data center project in Texas. The deal marks another major step in the company’s shift from bitcoin mining toward power-backed digital infrastructure. Hut 8 Raises $4.25B to Expand AI Infrastructure Beyond Bitcoin Mining Hut 8 has priced a
7 Jun 2026, 07:02
When Ripple CEO Said 99% of Crypto Goes to Zero. Pundit Says XRP Will Lead the 1%
As investors continue to debate which digital assets have the potential to endure over the long term, discussions about utility and real-world adoption remain central to the cryptocurrency industry. While thousands of projects have entered the market over the years, many analysts and industry leaders believe only a small number will achieve lasting relevance. Crypto pundit X Finance Bull recently revisited comments from Ripple CEO Brad Garlinghouse that reflect this view, arguing that XRP is among the select group of digital assets positioned for long-term success. According to X Finance Bull, the projects that remain relevant will be those capable of addressing real-world challenges and operating at a large scale. He argued that XRP belongs to that category, stating it will help drive innovation within the global financial system despite current market conditions. The commentator also urged XRP investors to focus on the broader outlook rather than short-term price movements. While acknowledging that XRP’s price remains below many holders’ expectations, he encouraged the XRP community to maintain a long-term perspective. Remember this interview? Brad said 99% of crypto goes to zero. The 1% solving real problems at scale? Game-changing. $XRP will lead that 1% and help innovate global finance. Price is down now, but look at the bigger picture. Think long term. pic.twitter.com/h7orah9fyq https://t.co/sAnSgDt1Wd — X Finance Bull (@Xfinancebull) June 5, 2026 Garlinghouse’s View on the Crypto Market In the interview clip attached to the post, Garlinghouse discussed the natural evolution of emerging markets and the high failure rate that often accompanies new technologies. He explained that when a new market develops, many participants enter the space believing they can solve customer problems and meet market demand. However, not every project succeeds in delivering meaningful value. “I have said publicly before that I think 99% of all crypto probably goes to zero,” Garlinghouse stated during the interview. Despite that assessment, he emphasized that a small portion of the industry stands apart from the rest. According to Garlinghouse, the projects that survive will be those focused on solving real problems for real customers while demonstrating the ability to operate effectively at scale. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 He added that this select group of projects could be “game-changing” and predicted that their impact would continue to expand significantly over the coming decades. XRP’s Place in the Long-Term Narrative X Finance Bull used the interview to reinforce his belief that XRP is among the digital assets that offer practical utility. His post linked Garlinghouse’s comments directly to XRP’s long-term prospects, arguing that the asset’s role in financial innovation is more important than its current market performance. The post did not focus on short-term price targets or market speculation. Instead, it highlighted the idea that lasting value in the cryptocurrency sector will come from adoption , scalability, and the ability to solve genuine industry problems. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post When Ripple CEO Said 99% of Crypto Goes to Zero. Pundit Says XRP Will Lead the 1% appeared first on Times Tabloid .
7 Jun 2026, 07:00
SEI faces selling pressure – Is a recovery to $0.06 still possible?
SEI is showing signs of weakening market confidence as Open Interest falls to $29 million and long liquidations continue to rise.
7 Jun 2026, 07:00
Bitcoin ETFs End Record 13-Day $4.4B Outflow Run With $3M Inflow
U.S. spot Bitcoin ETFs ended a record 13-day, $4.4 billion outflow streak on June 4 as BlackRock's IBIT took in $47.66 million. Three rival funds continued to bleed, and the category posted only $3.05 million net positive.
7 Jun 2026, 06:59
Tether Flips Ethereum, Bloomberg Says Bitcoin Is Next
Bloomberg's Mike McGlone has issued a dire warning for the cryptocurrency market, predicting that a looming macroeconomic "hangover" could send Bitcoin crashing to $10,000.
