hodler

3 Jun 2026, 12:22

Bitcoin Hits Deepest Power Law Discount Since FTX as Strategy Sells 32 BTC, STRC Below Par

Bitcoin News Bitcoin slipped below $66,000 on Wednesday, pushing the largest cryptocurrency into one of the deepest discount zones relative to its long-term Power Law trajectory in years. Populariz...

3 Jun 2026, 12:01

Bitcoin hits Power Law level low that historically precedes a rebound

The power law model shows BTC trading at one of its deepest discounts relative to trend, a level previously seen during the March 2020 crash and FTX collapse.

3 Jun 2026, 12:00

XRP Marks 14th Birthday While Ripple Expands DC Presence

XRP marked its 14th anniversary on Tuesday, June 2, with Ripple executives and long-time community figures reflecting on the asset’s origins just as the company announced a larger footprint in Washington, D.C. The timing places XRP’s history and Ripple’s policy ambitions side by side, at a moment when US digital asset regulation remains a central issue for the industry. XRP Celebrates 14 Years David Schwartz, Ripple’s former chief technology officer and one of the most visible architects associated with the XRP Ledger, framed the anniversary as a broader community milestone rather than a founder-centric celebration. “14 years ago, we got together with an idea to build a better way to move value. What happened next was something none of us could have built alone. And by ‘us,’ I don’t just mean the three of us. I mean the developers, validators, businesses, community members, and everyone who helped shape XRP into what it is today.” Schwartz closed the post with a simple message: “Happy Birthday, XRP!” Ripple CEO Brad Garlinghouse echoed the sentiment, writing that “14 years later” it was “still the honor of a lifetime to be part of the XRP family.” The anniversary refers to a specific early code change in the rippled repository. On June 2, 2012, Arthur Britto committed a patch titled “Fix starting number of XNS,” modifying the creation of the first ledger so that its starting balance was defined by SYSTEM_CURRENCY_START rather than a hardcoded number. At the time, the system currency code was still listed as “XNS,” an early name before XRP became the standard market ticker. The constants added in the commit multiplied 1,000 by 100,000,000 by 1,000,000, creating 100,000,000,000,000,000 base units; with six decimal places, that corresponds to 100 billion XNS, the fixed supply later known as 100 billion XRP. Ripple Expands Presence in Washington D.C. The anniversary lands as Ripple is also sharpening its institutional and policy presence in the United States. In a separate announcement , Ripple said it has opened an expanded Washington, D.C. office, describing the move as a reinforcement of its long-term commitment to engagement with policymakers, regulators and industry partners in the capital. Ripple Chief Legal Officer Stuart Alderoty said the larger office reflects the company’s effort to stay close to the policy process as lawmakers and agencies weigh digital asset frameworks. “Ripple has always believed the future of digital assets should be built with policymakers and regulators, not around them,” Alderoty said. “Expanding our Washington, D.C. presence reflects our long-term commitment to constructive engagement, regulatory clarity, and US leadership in financial innovation. As blockchain and digital assets become more integrated into the financial system, Ripple is committed to helping shape policy that protects consumers, supports responsible innovation, and keeps America competitive.” The company said the D.C. expansion comes at a “defining moment” for US digital asset policy, pointing to ongoing discussions around market structure, stablecoins, payments modernization and responsible blockchain innovation. Ripple positioned the new office as a hub for policy engagement and stakeholder convening, including conversations with policymakers, regulators, financial institutions, industry partners and other leaders involved in financial infrastructure. For Ripple, the move is also consistent with its broader enterprise-facing posture. The company describes itself as a provider of blockchain-based solutions across traditional and digital finance, with products spanning global payments, custody, liquidity and treasury management. Ripple also cited its stablecoin RLUSD and XRP as assets underpinning parts of its product suite. At press time, XRP traded at $1.24.

3 Jun 2026, 10:55

Euro Holds Steady Against British Pound as Upgraded PMIs and Shared Hawkish Stance Cap Moves

BitcoinWorld Euro Holds Steady Against British Pound as Upgraded PMIs and Shared Hawkish Stance Cap Moves The euro remained largely unchanged against the British pound on Wednesday, as upwardly revised Purchasing Managers’ Index (PMI) data from both the eurozone and the UK reinforced a shared hawkish tone from their respective central banks, limiting significant directional movement in the currency pair. Upgraded PMI Data Reinforces Economic Resilience Final PMI readings for the services and manufacturing sectors in both the eurozone and the UK were revised higher from preliminary estimates, signaling that economic activity in both regions is proving more resilient than initially feared. The eurozone composite PMI was adjusted upward to 48.9 from the flash reading of 48.1, while the UK’s composite PMI was revised to 50.9 from 50.5, narrowly remaining in expansion territory. These upward revisions reduce the immediate pressure on the European Central Bank (ECB) and the Bank of England (BoE) to pivot toward a more accommodative stance, as both central banks continue to prioritize inflation control over growth stimulation. The data suggests that while the pace of economic recovery remains uneven, the risk of a sharp downturn has diminished in the near term. Shared Hawkish Stance Limits Pair Volatility The EUR/GBP pair has traded in a tight range near 0.8600, as both the ECB and the BoE have recently signaled that interest rates will need to remain elevated for longer to bring inflation back to target. ECB President Christine Lagarde reiterated that the fight against inflation is not yet won, while BoE Governor Andrew Bailey emphasized that the UK labor market remains tight, keeping upward pressure on wages and prices. This alignment in monetary policy expectations has reduced the yield differential between eurozone and UK government bonds, removing a key driver of directional movement in the currency pair. Without a clear divergence in interest rate paths, traders have been reluctant to place large bets on either currency. Market Implications for Traders and Businesses For forex traders, the current environment suggests that EUR/GBP may remain range-bound in the near term, with support near 0.8550 and resistance around 0.8650. Businesses with cross-border exposure between the eurozone and the UK should consider hedging strategies to mitigate the risk of sudden moves if either central bank surprises the market with a policy shift. The broader implication is that currency markets are increasingly driven by central bank communication rather than economic data surprises alone. As both the ECB and the BoE maintain a cautious approach, any deviation from the hawkish narrative—whether from softer inflation data or a sharper economic slowdown—could trigger a breakout in the pair. Conclusion The euro’s stability against the pound reflects a market that is carefully weighing upgraded economic data against a shared hawkish central bank outlook. Until a clear catalyst emerges to break the current equilibrium, EUR/GBP is likely to remain anchored by the parallel policy paths of the ECB and the BoE. Investors and businesses should stay alert to any shifts in central bank rhetoric or incoming economic indicators that could alter the balance. FAQs Q1: Why is the euro holding steady against the pound despite upgraded PMI data? The upgraded PMI data from both the eurozone and the UK reinforced the hawkish stance of both the ECB and the BoE, reducing the yield differential and limiting directional movement in the EUR/GBP pair. Q2: What is the significance of a shared hawkish stance for currency traders? A shared hawkish stance means both central banks are signaling higher-for-longer interest rates, which reduces the incentive for traders to favor one currency over the other based on interest rate expectations, leading to range-bound trading. Q3: What could break the current EUR/GBP range? A surprise dovish pivot from either central bank, a significant divergence in inflation or growth data, or an unexpected geopolitical or economic shock could break the current range and trigger a directional move in the pair. This post Euro Holds Steady Against British Pound as Upgraded PMIs and Shared Hawkish Stance Cap Moves first appeared on BitcoinWorld .

3 Jun 2026, 10:40

Oil Prices Slide as Trump Claims Iran Agreed to Abandon Nuclear Weapons

BitcoinWorld Oil Prices Slide as Trump Claims Iran Agreed to Abandon Nuclear Weapons West Texas Intermediate (WTI) and Brent crude oil futures fell by roughly $1 per barrel on Monday following a statement from former U.S. President Donald Trump, who claimed that Iran has agreed to abandon its nuclear weapons program as part of a new deal currently under negotiation. Market Reaction to the Announcement The drop in oil prices reflects the market’s immediate assessment that a potential agreement could lead to the lifting of sanctions on Iranian oil exports, increasing global supply at a time when traders are already monitoring demand concerns. WTI crude traded near $78 per barrel, while Brent slipped below $82, erasing some gains from earlier in the session. Trump’s statement, made during a press appearance, did not include specific terms or a timeline for the deal. He said negotiations are progressing and that Iran has made a commitment not to pursue nuclear weapons, a claim that has not yet been independently confirmed by Iranian officials or international nuclear monitors. Geopolitical Context and Credibility The development comes amid a complex geopolitical landscape. Iran has consistently denied seeking nuclear weapons, maintaining that its nuclear program is for civilian energy purposes. The International Atomic Energy Agency (IAEA) has reported that Iran continues to enrich uranium beyond the limits set by the 2015 Joint Comprehensive Plan of Action (JCPOA), which the U.S. withdrew from in 2018. Analysts caution that the market’s initial reaction may be premature. A formal agreement would require verification mechanisms, approval from other signatory nations, and a clear framework for sanctions relief. Without concrete details, the price move may be driven more by sentiment than by a fundamental shift in supply expectations. What This Means for Energy Markets If a credible deal emerges, Iran could potentially add 1 million to 1.5 million barrels per day to global oil markets within months, according to industry estimates. This would come at a time when OPEC+ is already considering output increases, potentially putting further downward pressure on prices. However, the path to a finalized agreement remains uncertain. Previous attempts at negotiation have stalled over issues including the scope of sanctions relief, verification of nuclear activities, and regional security concerns. The lack of independent confirmation from Tehran or Washington suggests that the situation remains fluid. Conclusion While the market reacted swiftly to Trump’s claim, the long-term impact on oil prices will depend on whether the statement translates into a verifiable, enforceable agreement. Traders and analysts are watching for official statements from Iranian authorities and the U.S. State Department. Until then, the price movement may prove temporary, and volatility is likely to persist as the story develops. FAQs Q1: Why did oil prices drop after Trump’s statement? The market interpreted the news as a signal that Iranian oil exports could return to global markets, increasing supply and lowering prices. The $1 drop reflects this immediate supply expectation. Q2: Has Iran confirmed it agreed to give up nuclear weapons? No. Iranian officials have not yet confirmed the claim. The statement from Trump has not been independently verified by international nuclear monitors or other governments involved in negotiations. Q3: How much oil could Iran add to global markets if sanctions are lifted? Industry estimates suggest Iran could increase production by 1 million to 1.5 million barrels per day within months, potentially influencing global crude prices if a deal is finalized. This post Oil Prices Slide as Trump Claims Iran Agreed to Abandon Nuclear Weapons first appeared on BitcoinWorld .

3 Jun 2026, 10:22

CLARITY Act officially added to the US Senate’s agenda! What does this signal for XRP and the crypto market?

🚨 The CLARITY Act has been officially placed on the US Senate calendar. 💡 The bill could redefine the regulatory landscape for $XRP and the entire crypto sector. 📈 Investor expectations are high as clarity on rules may finally be within reach. Continue Reading: CLARITY Act officially added to the US Senate’s agenda! What does this signal for XRP and the crypto market? The post CLARITY Act officially added to the US Senate’s agenda! What does this signal for XRP and the crypto market? appeared first on COINTURK NEWS .