hodler

1 Jun 2026, 11:42

ADA Price Prediction as Cardano Foundation Cancels 2026 Summit After Treasury Vote Falls Short

The Cardano Foundation has canceled the planned Cardano Summit 2026 in Singapore after a treasury funding proposal failed to reach the required approval level in an on-chain governance vote. The decision followed a vote by Cardano delegated representatives, known as DReps, on a revised request for 7.8 million ADA, valued at about $2 million. The proposal received majority support but missed Cardano’s two-thirds approval threshold for treasury withdrawals. Voting data showed 65.21% support from participating DRep stake, below the 66.67% level needed for ratification. As a result, the funding action expired without approval, and the Foundation said it would begin winding down summit planning. Cardano Summit Funding Vote Misses Approval Threshold The Cardano Foundation said it would respect the result of the vote and follow the network’s governance process. The summit had been scheduled for October 5 and 6 in Singapore and was expected to serve as one of the ecosystem’s main annual events. The revised proposal came after an earlier request for about 14.07 million ADA. The original plan included funding for the standalone Cardano Summit and a TOKEN2049 Singapore sponsorship connected to EMURGO, Cardano’s commercial arm. The Foundation later separated the two proposals and reduced the summit budget. The updated version included audited fund management, milestone-based payments, and an independent oversight committee. Even with those changes, the proposal did not gain enough DRep stake to pass. By delegate count, 135 voted in favor, 61 voted against, and 24 abstained, while the Constitutional Committee approved the action. Charles Hoskinson Suggests TOKEN2049 MiniSummit Option The separate TOKEN2049 sponsorship proposal passed after being split from the Cardano Summit request. That means Cardano is still expected to have a presence around the Singapore crypto conference, even though the dedicated summit will not take place this year. After the vote, Cardano founder Charles Hoskinson raised the possibility of expanding the TOKEN2049 presence instead. In a post on X, he asked whether there would be interest in scaling up the booth, hosting an embedded MiniSummit with Token, organizing a hackathon with a large ADA prize, providing a stage for Cardano ventures, and subsidizing attendance for larger projects. Hoskinson also pointed to other activity in the Cardano ecosystem. In a separate post, he said the upcoming hard fork, the opening of Korean markets, and increased activity in Japan could support a strong summer for Midnight. His comments came as the community continued discussing how Cardano should manage promotion, ecosystem events, and treasury spending after the summit vote. The cancellation adds to a broader pattern of treasury scrutiny within Cardano’s governance system. DReps have pushed back on several funding requests tied to ecosystem organizations this year, including proposals linked to development, marketing, and events. ADA Price Prediction After Summit Cancellation ADA traded near $0.2325 on the daily chart following the governance decision. The token remained under pressure after a failed breakout attempt in early May. Price moved above a descending trendline during that period but failed to hold gains near the $0.277 to $0.285 area. The broader ADA chart still shows a downtrend, with lower highs forming since January. The recent rejection from the upper resistance area pushed the price back below its earlier consolidation range. ADA is now testing a short-term support zone near $0.230 to $0.232. A daily close below $0.230 would keep sellers in control and could open the next downside area around $0.220 to $0.225. That zone aligns with a previous wick low from February and may become the next level watched by traders if selling pressure continues. Source: TradingView On the upside, ADA price needs to reclaim the $0.240 to $0.245 range to reduce near-term bearish pressure. A stronger recovery would require a move above $0.250 to $0.260. The $0.277 to $0.285 area remains the main resistance zone because it was where the prior breakout attempt failed. Technical indicators also show weak momentum. The Relative Strength Index is near 35, indicating bearish pressure but not deeply oversold conditions. This suggests ADA still has room for further downside before a stronger relief bounce develops. The MACD also remains bearish, with the MACD line below the signal line and both readings below zero. The histogram remains negative, showing that short-term momentum has not yet shifted back toward buyers.

1 Jun 2026, 11:37

Ripple Escrow Releases 1 Billion XRP for June; Can XRP Price Rally This Month?

Ripple has carried out its scheduled June escrow release, unlocking 1 billion XRP across three transactions, according to data from on-chain tracker Whale Alert. The release was valued at more than $1.33 billion based on the prices cited in the reported transfers. The largest transaction unlocked 500 million XRP, valued at about $666.07 million. A second transaction released 400 million XRP, worth about $532.86 million. A third transaction unlocked 100 million XRP, valued at nearly $133.21 million. Ripple’s monthly escrow releases are part of a long-running supply management system linked to XRP’s original distribution structure. The XRP Ledger has a maximum supply of 100 billion tokens, while market data cited for early June 2026 showed about 61.85 billion XRP circulating in the open market. Ripple Escrow Balance Remains in Focus After the June release , Ripple’s locked escrow balance is estimated at about 38.15 billion XRP. The exact timeline for when the escrow could be fully depleted remains unclear because Ripple regularly returns a large share of each monthly release back into escrow. Ripple Chief Technology Officer David Schwartz has previously explained that the company voluntarily re-locks XRP that it does not expect to need, use, or sell. When unused XRP is returned to escrow, it effectively extends the release schedule by adding another month to the back end of the program. This process means that a 1 billion XRP monthly release does not automatically add the full amount to circulating supply. Only the portion retained or used by Ripple may enter the market, while the rest is typically re-escrowed. The escrow system remains closely watched by XRP traders because large scheduled unlocks can affect supply expectations. However, market reaction often depends on how much XRP is actually moved, sold, or returned to escrow after each release. XRP Ledger Activity Shows Institutional Growth Separate network data showed continued activity across the XRP Ledger during the first quarter of 2026. According to figures cited from Messari, XRP closed Q1 2026 as the fourth-largest non-stablecoin crypto asset by market capitalization, behind Bitcoin, Ethereum, and BNB. Average daily transactions on the XRP Ledger rose 35.3% quarter over quarter, increasing from 1.83 million to 2.48 million. The growth came as the network expanded its feature set for institutional decentralized finance, tokenized real-world assets, stablecoins, and decentralized liquidity. Source: Messari Ripple’s USD-pegged stablecoin, RLUSD, ended Q1 2026 with a market cap of $340.3 million on the XRP Ledger, rising 45% from the previous quarter. RLUSD became the largest stablecoin on the network during the period. The XRP Ledger also closed the quarter with a record real-world asset market cap of $2.25 billion, up 124% quarter over quarter. At the end of Q1, the network ranked seventh by RWA market cap, while later data cited in the report placed it fourth. U.S. spot XRP ETFs also remained part of the market structure. By the end of Q1 2026, these ETFs collectively held 775.4 million XRP, equal to about 1.26% of the circulating supply. ETF holdings had peaked at 810.2 million XRP on March 3, 2026. XRP Price Tests Bullish Channel Support XRP traded near $1.349 on the 1-hour chart after the escrow release. The short-term chart showed price moving inside an ascending channel, which keeps the near-term structure constructive while XRP remains above the rising lower trendline. The key support level sits around $1.340. This area aligns with the lower boundary of the ascending channel and is the main level for buyers to defend. If XRP holds above this zone, the price may attempt another move toward $1.368. Source: X A break and hold above $1.368 would place the next upside target near $1.395, where the upper side of the channel is located. That area may act as short-term resistance if buying momentum improves. On the downside, an XRP price close below $1.340 would weaken the current channel structure. If XRP loses that level, traders may look for a deeper correction as the short-term bullish setup would no longer remain intact.

1 Jun 2026, 11:30

Base’s state update system went down and nobody noticed

A bug inside Coinbase’s Base froze a critical part of the network’s infrastructure. It has raised fresh questions around the resilience of Ethereum’s growing Layer-2 ecosystem. However, the issue did not stop users from sending transactions or interacting with applications on Base. Blocks reportedly continued to be produced and the network appeared to function normally. But behind the scenes, a key component which aws responsible for updating Base’s state on Ether stalled for more than 30 hours. This event came to notice after developers flagged that the state updates and withdrawals to Ether were stopped. Base’s 30-hour glitch raised layer-2 concerns Developer donnoh.eth addressed the issue in an X post. He noted that the outage went unnoticed because Base withdrawals already require a seven-day challenge period. He stated that “It’s kind of crazy that Base state updates have been down for over 30 hours now because of some bug related to the recent upgrade and no one even noticed just because withdrawals take seven days anyway.” According to Base’s status page , the problem was traced to the network’s Trusted Execution Environment (TEE) enclave. The malfunction prevented the proposal system from generating the state updates needed to anchor Base’s activity back to Ethereum. The chain kept itself processing and was moving transactions normally. Meanwhile, Base’s state effectively stopped updating until the issue was resolved. In the case of rollup like Base, transitions are executed on L2 before compressed state commitments are periodically posted back to Ether. The TEE helps to generate cryptographic attestations. This helps in proving that state transitions were computed correctly. This suggests that when that system stops working, users can continue transacting on Layer 2. Meanwhile, the settlement pipeline connecting the network back to Ethereum can grind to a halt. No funds were lost and the outage did not expose user assets to theft. But still, it did temporarily freeze one of the most important pieces of infrastructure supporting the rollup. It stands crucial that, as it happened just a few days after Base deployed its Azul upgrade. It was designed to improve scalability and reportedly increase throughput to as much as 5,000 transactions per second. Despite this, the network found itself struggling. Base and Sui face different failure modes Earlier this year, Base saw periods of transaction delays during heavy network activity. However, those issues never halted settlements. Yet, they exposed capacity constraints as usage continued growing. Base is not alone that faced this problem. Sui reported a consensus failure that disrupted transaction processing for roughly six hours in January. The network experienced multiple outages tied to software bugs introduced during protocol upgrades. It temporarily freezes transfers, DeFi activity, and NFT transactions. The tech involved behind those incidents are very different. Base saw outage that involved a TEE-assisted proving mechanism. On the other side, Sui’s problems emerged from validator consensus and gas-accounting logic. The smartest crypto minds already read our newsletter. Want in? Join them .

1 Jun 2026, 11:30

Binance adds US stock trading in push beyond crypto

Binance launched US equities trading for eligible users and plans tokenized stocks as crypto exchanges expand into broader financial markets.

1 Jun 2026, 11:29

Solana Price Prediction: Can SOL Hold the $68 Level?

Solana is squeezed between trendlines, with $68.02 acting as the key level that keeps the upside roadmap alive. A breakout could first send SOL toward $98, while the larger chart still needs confirmation before the $1,000 target matters. Solana Price Squeezes Between Trendlines as Analyst Watches $68.02 Support Solana is trading inside a tightening structure as price moves between two trendlines on the four-hour chart, according to a setup shared by Man of Bitcoin on X. The analyst said a breakout is near because SOL is getting squeezed between both trendlines. He added that the key level to keep the upside ABC roadmap intact sits at $68.02. Solana Four-Hour Chart. Source: Man of Bitcoin on X The chart shows SOL moving sideways after a sharp decline earlier in the year. Price is now pressing near the point where the descending trendline and rising trendline meet, creating a tighter range. The first support area sits near the Fibonacci levels marked on the chart. These include $81.36, $77.96, and $73.36. The chart also shows deeper support near $69.01. The main invalidation level is $68.02. According to the analyst, SOL needs to stay above that level to keep the bullish ABC structure alive. If Solana breaks higher from the squeeze, the chart points toward resistance near the upper trendline and the wider $98 area. A stronger move could then open the way toward higher targets marked around $110.54, $120.47, and $126.95. However, a break below the lower trendline would weaken the setup. If SOL also loses $68.02, the upside roadmap would no longer hold. For now, the chart shows Solana at a decision point. The next move depends on whether buyers force a breakout above the trendline or sellers push SOL below the support structure. Solana Chart Points to Long-Term Breakout Setup as Analyst Targets $1,000 Solana is moving inside a long-term consolidation range as analyst CryptoCurb says SOL could eventually push toward $1,000. The weekly chart shared on X compares Solana’s current structure with earlier accumulation and breakout phases. The analyst’s projection shows SOL breaking out of the current blue range and moving sharply higher. Solana Weekly Chart. Source: CryptoCurb on X The chart shows SOL forming a major base in 2020 before its strong 2021 rally. After that move, Solana entered a long downward channel, marked in blue, before recovering again in 2023 and 2024. The latest structure shows another wide blue range from 2024 through 2026. SOL has been moving sideways to lower inside that range after failing to extend above the previous high area. CryptoCurb’s projected path shows SOL breaking out of the current range and moving into a larger upside phase. The chart marks $1,000 as the long-term target. However, the setup still needs confirmation. SOL would need to break above the upper side of the blue consolidation range before the bullish continuation path becomes stronger. If buyers fail to push price out of the range, Solana could remain stuck in sideways price action. A breakdown below the lower side of the range would weaken the long-term breakout setup. For now, the chart shows Solana in a waiting phase. The main question is whether SOL can repeat its earlier cycle pattern and turn the current consolidation into another major breakout.

1 Jun 2026, 11:22

Dogecoin Price Prediction: 0.236 Test Puts DOGE on Watch

Dogecoin is testing a key cycle support area while DOGE dominance holds near a long-term trendline. Analysts say the setup could point to market outperformance, but DOGE first needs to defend the 0.236 Fibonacci zone and confirm a rebound. Dogecoin Dominance Holds Near Trendline as Analyst Eyes Market Outperformance Dogecoin dominance is holding near a long-term support trendline, according to a two-week chart shared by Maelius on X. The analyst said DOGE.d is positioned well and may start outperforming the broader crypto market soon. Dogecoin Dominance Chart. Source: Maelius on X The chart tracks Dogecoin’s share of the total crypto market cap. DOGE.d is sitting near the 0.62% area after a long decline from its previous dominance spike. The main support line runs under the current structure. DOGE.d has moved close to that line several times, which makes the current area important for the next larger move. The chart also marks a major resistance level near 2.09%. DOGE dominance reached that zone in past cycles before losing momentum. Earlier in the chart, DOGE.d built a long base near the lower range before a sharp breakout. Maelius appears to compare that older structure with the current setup, where dominance is again moving near long-term support. The lower indicator also sits near a muted range, showing that DOGE.d has not yet entered a strong momentum phase. That supports the idea that the setup remains early rather than confirmed. If DOGE dominance rebounds from the trendline, it could show Dogecoin starting to outperform the wider crypto market. However, a break below the support line would weaken the setup and delay the recovery signal. Dogecoin Price Tests 0.236 Fibonacci Support as Analyst Watches Rebound Setup Dogecoin is testing a key 0.236 Fibonacci support zone on the monthly chart, according to a setup shared by Moe on X. The analyst pointed to the same type of level that appeared before earlier DOGE recovery phases and asked whether traders still believe in the 0.236 setup. Dogecoin Monthly Chart. Source: Moe on X The chart shows DOGE reacting near a blue support band around the 0.236 Fibonacci level. Similar blue zones appear in earlier cycles, where Dogecoin held support before moving into stronger upside phases. In the 2014–2017 structure, DOGE based near the lower Fibonacci area before breaking higher. A similar setup appeared again before the 2021 rally, when price held near the 0.236 zone and later moved sharply upward. The latest structure shows DOGE again near the same type of support area after pulling back from its 2024–2025 high range. The chart marks the current zone with a blue circle, suggesting that this area could decide whether the pattern repeats. If DOGE holds the 0.236 zone, the chart points to a possible rebound toward higher Fibonacci levels. The first major upside level sits near the 0.382 retracement, followed by stronger resistance around the 0.618 and 0.786 areas. However, the setup still needs confirmation. A clear break below the blue support zone would weaken the comparison with earlier cycles and show that buyers failed to defend the same area. For now, the chart shows Dogecoin at a cycle support test. The next move depends on whether the 0.236 Fibonacci level holds again or turns into a failed support zone.