Invest ideasNews
2 Jun 2026, 11:33
Bitcoin Rainbow Chart predicts BTC price for June 30, 2026
As Bitcoin ( BTC ) faces renewed bearish sentiment, dropping below the $70,000 mark, the Bitcoin Rainbow Chart suggests the asset remains significantly undervalued relative to its long-term growth trend. The popular valuation model, which uses logarithmic regression to map Bitcoin’s historical price performance, currently places the cryptocurrency below its lowest projected valuation band for the end of June. Although the Rainbow Chart is widely followed by long-term investors , it is designed to measure market sentiment and valuation rather than provide precise short-term price targets. According to the latest projection for June 30, Bitcoin would need to trade at roughly $78,900 to enter the chart’s lowest band, known as “Bitcoin is dead.” This zone has historically represented periods of extreme pessimism when Bitcoin traded well below its long-term trend. The next band, “Basically a Fire Sale,” sits near $105,000 and reflects levels where Bitcoin is considered heavily discounted. Above that, the “BUY!” zone around $140,000 and the “Accumulate” range near $191,000 indicate increasingly attractive valuations for long-term investors. Bitcoin Rainbow chart. Source: BlockhainCenter The chart’s middle bands place “Still Cheap” near $260,000 and “HODL!” around $355,000. These areas generally suggest Bitcoin is trading closer to its historical fair-value range rather than at distressed levels. Bitcoin’s speculative territory At the upper end of the spectrum, the Rainbow Chart enters more speculative territory. The “Is this a bubble?” band begins around $485,000, while “FOMO Intensifies” sits near $661,000. The final two zones, “Sell. Seriously, SELL!” at approximately $901,000 and “Maximum Bubble Territory” above $1.23 million, have historically been associated with euphoric market conditions and potential cycle peaks. With Bitcoin currently trading at $69,397, it sits below even the chart’s lowest projected June valuation band. Bitcoin seven-day price chart. Source: Finbold In practical terms, the Rainbow Chart suggests BTC is trading at a level more bearish than the “Bitcoin is dead” zone, highlighting just how far below its long-term logarithmic growth trend the cryptocurrency currently stands. However, the Bitcoin Rainbow Chart should not be viewed as a short-term price forecast. With BTC currently trading just below $70,000, the model suggests the cryptocurrency remains significantly undervalued relative to its long-term historical growth trend, rather than signaling an imminent move to the higher valuation bands. The post Bitcoin Rainbow Chart predicts BTC price for June 30, 2026 appeared first on Finbold .
2 Jun 2026, 11:31
Major Ripple (XRP) Announcement Affecting Turkish Users: Details
Ripple inked strategic deals with three Turkey-based crypto platforms, aiming to boost adoption and usage of its stablecoin RLUSD. Additionally, the company picked Istanbul Technical University (ITU) as its latest partner in its global University Blockchain Research Initiative (UBRI). Expansion to Turkey The company behind the popular cryptocurrency XRP revealed that its USD-pegged stablecoin is now available to institutions in Turkey via partnerships with BiLira, Bitexen, and Bitlo. Jack McDonald (SVP of Stablecoins at Ripple) said the country sits “at the crossroads of traditional financial and digital economy” and has one of the highest rates of crypto adoption globally. “By providing a stable, USD-backed asset that is both transparent and fully regulated, we are empowering Turkish businesses to access global liquidity,” he added. Alphan Göğüş, CEO at Bitexen MENA, also spoke on the matter. He described the collaboration as “the first step in a broader rollout” across the Bitexen Global platform. “Supporting RLUSD aligns with our strategy to provide trusted, USD-denominated instruments within a compliant and scalable framework,” he said. For his part, Sinan Koç, Co-Founder of BiLira, argued that the stablecoin is “uniquely equipped” to accelerate blockchain adoption in the country. As a matter of fact, Turkey has already emerged as a dominant player in the crypto world, and according to a 2025 Chainalysis report, it facilitates roughly $200 billion in annual transaction volume, outpacing its rivals in the MENA region. Mustafa Aplay, CEO of Bitlo, said the partnership with Ripple offers the Turkish crypto ecosystem a direct, secure gateway to global financial markets. “By integrating a regulated, enterprise-grade stablecoin like RLUSD, we’re providing our customers with the highest standard of digital dollars for enterprise needs,” he concluded. Ripple’s stablecoin officially saw the light of day toward the end of 2024, and since then, it has experienced impressive advancement. Some heavyweights that have so far embraced it include crypto exchanges Binance and OKX, as well as America’s oldest bank, BNY Mellon. Its market capitalization has been rising lately and currently stands at around $1.81 billion, making RLUSD the 48th-largest digital asset. Another Partnership In addition to collaborating with BiLira, Bitexen, and Bitlo, Ripple also shook hands with Istanbul Technical University (ITU). The partnership, funded via RLUSD, will support advanced research initiatives and graduate fellowships while establishing an XRP Ledger (XRPL) validator directly on the Istanbul Technical University ITU campus. “By integrating academic research with hands-on decentralized infrastructure, Ripple and ITU are ensuring the next generation of Turkish researchers and students are at the forefront of blockchain innovation,” the official announcement reads. The post Major Ripple (XRP) Announcement Affecting Turkish Users: Details appeared first on CryptoPotato .
2 Jun 2026, 11:30
Solana Tops All Blockchains With $91 Million in May App Revenue, Beating Ethereum
Solana generated $91 million in application revenue in May, more than any other blockchain and ahead of Ethereum’s $52 million, according to data shared by Defillama. Solana out-Earns Every Layer 1 and Layer 2 Solana booked $91 million for the month, placing it ahead of the Hyperliquid L1 at $53 million, Ethereum at $52 million,
2 Jun 2026, 11:28
June starts rough for crypto security as Gnosis Pay and TesseraDAO report attacks
The cryptocurrency market has already suffered from two separate exploits affecting Gnosis Pay and TesseraDAO in the first days of June, leading to the loss of millions. The cryptocurrency industry has been plagued with a string of exploits that have renewed the debate about whether or not AI-powered tools are helping exploiters discover vulnerabilities faster. What happened to Gnosis Pay? Gnosis Pay, a platform offering a self-custody crypto card, was one of the targets of an exploit this week. The platform has a “delay module” feature designed to protect users, and under normal conditions, it imposes a three-minute wait on outgoing transactions to give users time to react. However, a bug allowed an attacker to bypass this protection. Gnosis Pay posted on X (formerly Twitter) at the beginning of June that it was investigating the vulnerability. The company’s co-founder, Martin Köppelmann, urged users to withdraw their funds immediately. “If you are a Gnosis Pay user – unfortunately I have to recommend: withdraw all funds (EURe and GNO),” he wrote. He also confirmed that Gnosis would cover all user losses. The team also requested bridge validators to pause activity in order to stop the cross-chain movement of potentially affected funds. As of now, Gnosis has not published a full post-mortem report detailing the total amount drained. Some users on social media compared this incident to an earlier exploit of a third-party Safe module, but no direct connection between the two events has been established. TesseraDAO loses $2.5 million in mint and dump attack Approximately 19 hours before it was made public, an attacker minted 99 million TSR tokens on BNB Chain and swapped them for roughly $2.5 million in USDT, causing the price of TSR to crash by 99%. After the swap, the exploiter moved the stolen funds across chains to Ethereum and began laundering the money. PeckShield reported that the exploiter had already sent 1,285.5 ETH through Tornado Cash, a mixing protocol used to hide transaction trails. TesseraDAO has not yet issued a public response to the exploit. The TesseraDAO exploit followed a pattern that has become common in 2026: mint, dump, bridge, launder. PeckShield separately reported that as of June 1, the crypto industry had suffered 14 major cross-chain and bridge-related exploits in 2026, with hackers extracting a cumulative $340.7 million from bridging protocols alone. Cross-chain infrastructure has been under siege in 2026. Source: PeckShield In April 2026, Cryptopolitan reported that $625 million was stolen across roughly 28 to 30 separate attacks. The Drift Protocol ($285 million) and KelpDAO ($293 million) hacks accounted for nearly all of that damage. In May, CertiK’s monthly report revealed 60 confirmed incidents, the highest monthly tally of 2026, resulting in approximately $68.3 million in gross losses. Code vulnerabilities drove 66% of those losses at $45.13 million, while bridge exploits pulled in the largest dollar figure by incident type at $28.62 million. $9.38 million of the stolen funds were recovered in May, representing a recovery rate of about 13.7%. Manuel Araoz, the founder of blockchain security firm OpenZeppelin, recently warned that he considers “all of DeFi unsafe,” arguing that coding agents are better at finding vulnerabilities than human defenders are at patching them. Slow Mist’s founder has also called on DeFi teams to deploy AI defensively and run attack simulations at least once per quarter. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
2 Jun 2026, 11:24
Bitcoin retests critical support cluster between 71,300 and 73,000 dollars! What does this mean for the next move?
🚨 The 71,300 to 73,000 dollar support cluster in $BTC is being put to the test. If bulls fail here, the next potential stop could be 65,000 dollars. 📊 Analysts say a rebound in $BTC from this level could drive a surge toward 78,000 dollars. Continue Reading: Bitcoin retests critical support cluster between 71,300 and 73,000 dollars! What does this mean for the next move? The post Bitcoin retests critical support cluster between 71,300 and 73,000 dollars! What does this mean for the next move? appeared first on COINTURK NEWS .
2 Jun 2026, 11:15
Bitcoin's slide may have more to do with AI than Strategy
Your day-ahead look for June 2, 2026
