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4 Jun 2026, 08:35
Cardano’s ADA Plunges Below $0.20 as Founder Hoskinson Steps Back, Ecosystem Faces Collapse
BitcoinWorld Cardano’s ADA Plunges Below $0.20 as Founder Hoskinson Steps Back, Ecosystem Faces Collapse Cardano’s native token, ADA, has fallen below the $0.20 mark for the first time in months, following a series of blows to the blockchain’s ecosystem. The price drop comes after founder Charles Hoskinson announced he would be taking a break, and as key projects within the network shut down amid waning community support. Hoskinson’s Break and Market Reaction Charles Hoskinson, the public face of Cardano, revealed his decision to step away from day-to-day operations in a recent statement. He cited a deteriorating crypto market since the beginning of the year and predicted that many projects within the Cardano ecosystem would not survive. Hoskinson’s announcement was made shortly after TapTools, a data analytics platform that had operated within Cardano for four years, declared it was ceasing operations. The news sent shockwaves through the community, accelerating a sell-off that pushed ADA to $0.1951, down 9.97% in the past 24 hours, according to CoinMarketCap. Community Rejects Key Funding Proposal Compounding the negative sentiment, the Cardano community recently voted against a proposal to finance the ‘Cardano 2026 Summit’ in Singapore. The rejection forced organizers to cancel the event entirely. Hoskinson pointed to a lack of community will to spend money on advancing projects and low support for funding ecosystem growth. This decision has raised questions about the network’s ability to sustain its development and marketing efforts. What This Means for Cardano’s Future The simultaneous departure of a key founder, the shutdown of a long-standing analytics tool, and the community’s refusal to fund a major summit paint a grim picture for Cardano. The network, once a top contender in the smart contract space, now faces an existential crisis. Investors are concerned that without strong leadership and community backing, Cardano may struggle to compete with more active ecosystems like Ethereum and Solana. The price action reflects these fears, with ADA trading at levels not seen since the depths of the 2022 bear market. Conclusion Cardano’s current situation is a stark reminder of the volatility and fragility of blockchain projects. The combination of founder fatigue, project closures, and community disengagement has created a perfect storm for ADA. Whether the network can recover will depend on new leadership emerging and the community finding a renewed sense of purpose. For now, the market is voting with its feet. FAQs Q1: Why did Charles Hoskinson announce a break? Hoskinson cited the worsening crypto market and predicted many projects within Cardano would collapse. He also expressed frustration with low community support for funding ecosystem growth. Q2: What is TapTools and why did it shut down? TapTools was a data analytics platform that operated within the Cardano ecosystem for four years. It ceased operations due to financial difficulties, likely exacerbated by the broader market downturn. Q3: How low can ADA go? Analysts warn that if bearish sentiment continues, ADA could test support levels around $0.15. However, a recovery depends on renewed community engagement and ecosystem development. This post Cardano’s ADA Plunges Below $0.20 as Founder Hoskinson Steps Back, Ecosystem Faces Collapse first appeared on BitcoinWorld .
4 Jun 2026, 08:30
XRP Price To See Violent Discontinuous Repricing And $10 Could Only Be The Start
The XRP price performance over the years has been stunted by a number of factors, with the major one being the legal battle with the United States Securities and Exchange Commission (SEC). Nevertheless, the community seems to have maintained its optimism, with many predicting that the altcoin is set to hit double-digits in the near future. The target has continued to expand in recent years, and one analyst’s forecast suggests that hitting $10 might only be the start of a major repricing for XRP. How The XRP Gains Could Be Multiplied Like The 2017-2018 Cycle The current XRP price trajectory could be following the same trend as the altcoin did back in 2017, and this could have significant implications for the cryptocurrency. As crypto analyst Future XRP on X (formerly Twitter) explained, a repeat of the 2017 rally would mean that a rally to the double-digit $10 could only be a start. Related Reading: Bitcoin Is Still Following This Descending Channel Pattern And The Endgame Shows The Bottom According to the analyst, the current slow growth of the cryptocurrency is nothing out of the ordinary. There was a similar trend in the XRP price back in the 2017 bull cycle, leading right up to the point when the altcoin’s price began to explode. Following this historical performance, the crypto analyst compresses the XRP price trajectory into three phases. The first of these is months of boredom, where the altcoin’s price seems not to be moving at all. Then comes the weeks of disbelief, where the price begins to move rapidly. Finally, XRP enters its month of ‘absolute chaos’, when the price completely explodes, and its performance outpaces all of the months that came before. How High The Price Could Go Following 2017’s Trajectory Putting the current trend side by side with 2017, the crypto analyst explains that the XRP price on June 1, 2026, could be compared as the equivalent of the price on December 1, 2017. This would mean that the first rally would put the price above $2 by July 1. Related Reading: Bitcoin Trend That Has Held For 15 Years Shows When To Expect The Bottom And When $400,000 Will Happen Next would be the rapid rise where the price moves up above $5, and by the third quarter, already crossed $10. But it doesn’t end there, as the rapid rise would see the price rising to $24.96 by the end of the third quarter in September. However, if the price is going full copy of the 2017 run, the XRP price rose a total of 640x from January 2017 to January 2018. Taking the current XRP price into account, a 640x rally would put the price as high as $832 at the peak. “History never repeats exactly. But understanding how XRP’s previous cycle unfolded provides valuable context when evaluating future market behavior,” the analyst explained. Featured image from Dall.E, chart from TradingView.com
4 Jun 2026, 08:27
6 new pairs available for spot margin traders in the US
Here are the details: Pair Pair name Available leverage Long limit Short limit NEAR NEAR/USD 3x 320,000 230,000 HBAR HBAR/USD 5x 4,200,000 3,900,000 CRV CRV/USD 5x 2,300,000 1,400,000 XLM XLM/USD 2x 2,600,000 2,600,000 SHIB SHIB/USD 5x 34,000,000,000 26,000,000,000 TRX TRX/USD 5x 3,700,000 3,700,000 Start trading on Kraken Pro Here’s some more information about the tokens: Near Protocol (NEAR) is a layer-1 blockchain designed for scalability and developer accessibility. It uses a sharded proof-of-stake architecture called Nightshade and is optimised for high throughput and low transaction costs. NEAR supports smart contracts written in JavaScript and Rust. Hedera (HBAR) is the native currency of the Hedera network, a public distributed ledger that uses a hashgraph consensus mechanism rather than a traditional blockchain. It is designed for enterprise-grade applications requiring high speed, low fees, and energy efficiency. Curve DAO Token (CRV) is the governance token of Curve Finance, a decentralised exchange specialising in stablecoin and pegged-asset liquidity pools. CRV is used to vote on protocol governance and direct liquidity incentives across pools. Stellar (XLM) is the native asset of the Stellar network, an open-source payment protocol designed for fast, low-cost cross-border transfers. XLM facilitates transactions between currencies and is used to pay network fees and maintain account minimums. Shiba Inu (SHIB) is an Ethereum-based token that originated as a community-driven meme coin. It has since expanded into a broader ecosystem including a decentralised exchange (ShibaSwap) and the Shibarium layer-2 network. TRON (TRX) is the native token of the TRON blockchain, a layer-1 network focused on high-throughput decentralised applications and content distribution. TRX is used to pay for network resources and participate in governance. Before you start, what you should know: In order to trade using spot margin, you will need to hold at least one eligible collateral currency. The availability of spot margin trading services is subject to certain limitations and eligibility criteria. Spot margin trading incurs additional fees for opening, closing, and holding a position. See Kraken’s rates and fees for details. Will Kraken offer more pairs on margin? Yes — but our policy is to never reveal details before launch, including which pairs we are considering. All listed spot margin pairs are available on our website. Our client engagement specialists cannot answer questions about future listings. Start trading on Kraken Pro Spot margin trading involves substantial risk and is not suitable for everyone. Losses may exceed the initial investment, and additional collateral may be required. While leverage can increase potential returns, it also significantly increases risk. Leverage available may vary by asset. Past performance is not necessarily indicative of future results. Availability of spot margin trading through Kraken Derivatives US is subject to certain limitations and eligibility criteria. View Risk Disclosure Statement . Spot margin trading is provided by NinjaTrader Clearing, LLC d/b/a Kraken Derivatives US, a CFTC-registered Futures Commission Merchant and NFA Member (NFA ID: 0309379), with financing provided by Payward Accredited LLC. View Disclosures . The post 6 new pairs available for spot margin traders in the US appeared first on Kraken Blog .
4 Jun 2026, 08:19
Over $600M in Bitcoin longs liquidated as BTC dips toward $60K
Many traders expect Bitcoin to stage a short-term relief bounce toward $70,000, but the broader technical setup remains bearish for BTC.
4 Jun 2026, 08:05
USD/CAD Extends Rally Above 1.3900 as Bullish Momentum Strengthens Above Key Moving Average
BitcoinWorld USD/CAD Extends Rally Above 1.3900 as Bullish Momentum Strengthens Above Key Moving Average The USD/CAD currency pair has extended its recent gains, trading firmly above the 1.3900 level during the North American session on Tuesday. The move comes as bullish momentum strengthens following a decisive break above the 100-day Simple Moving Average (SMA), a key technical indicator watched by traders for medium-term trend direction. Technical Breakout Above Key Moving Average The pair’s climb above the 100-day SMA, which currently sits near the 1.3850 region, marks a significant technical development. This moving average often acts as a dynamic support or resistance level, and a sustained break above it typically signals a shift in underlying momentum. The current price action suggests that buyers have gained the upper hand, pushing the loonie lower against the greenback. Volume and relative strength indicators have also been supportive of the move, though the pair is now approaching overbought territory on shorter timeframes, which could introduce some near-term caution. Key Levels and Market Context With the 1.3900 level now acting as near-term support, the next major resistance zone for USD/CAD lies around the 1.4000 psychological handle. A clear break above this level could open the door for a test of the 1.4050 region, a level that has capped rallies in previous sessions. On the downside, if the pair fails to hold above the 100-day SMA, a pullback toward the 1.3820-1.3840 zone could materialize. The broader context includes diverging monetary policy expectations between the Federal Reserve and the Bank of Canada. The Fed’s recent hawkish stance has provided a tailwind for the US dollar, while softer Canadian economic data has weighed on the loonie. Oil prices, a key driver for the Canadian dollar, have also been under pressure, adding to the headwinds for the commodity-linked currency. Implications for Traders For traders, the break above the 100-day SMA provides a clear technical signal. The sustained move above 1.3900 suggests that the short-term trend favors further USD strength. However, given the proximity to overbought conditions, traders may look for a pullback to retest the breakout level before initiating new long positions. The 1.3900 level is now a key line in the sand for the near-term outlook. Conclusion The USD/CAD pair’s advance above 1.3900 and the 100-day SMA represents a notable technical victory for bulls. While the path of least resistance appears higher, the pair is entering a zone where profit-taking could emerge. The coming sessions will be critical in determining whether this breakout is sustained or if a correction is due. Traders will be closely watching the 1.4000 level as the next major target. FAQs Q1: What is the 100-day SMA and why is it important for USD/CAD? The 100-day Simple Moving Average (SMA) is a widely followed technical indicator that smooths out price data over the last 100 trading days. It helps traders identify the medium-term trend. A sustained break above it is often seen as a bullish signal, suggesting the trend may be shifting in favor of the US dollar. Q2: What is the next key resistance level for USD/CAD after 1.3900? The next major resistance level is the psychological barrier at 1.4000. A decisive break above this level could open the door for a move toward the 1.4050 region, which has acted as resistance in previous trading sessions. Q3: What factors are currently driving the USD/CAD exchange rate? The pair is primarily being driven by diverging monetary policy expectations between the Federal Reserve and the Bank of Canada, with the Fed maintaining a hawkish stance. Additionally, softer Canadian economic data and lower oil prices are weighing on the Canadian dollar, providing support for the USD/CAD pair. This post USD/CAD Extends Rally Above 1.3900 as Bullish Momentum Strengthens Above Key Moving Average first appeared on BitcoinWorld .
4 Jun 2026, 08:02
Pundit Says June Could Change Everything for XRP. Here’s why
June is shaping up to be a closely watched month for XRP holders as attention turns to reported developments involving SWIFT, major banking institutions, and a key technical pattern on XRP’s price chart. In a tweet, crypto media outlet Crypto Dyl News highlighted a series of events expected this month, suggesting June could be an important period for the digital asset. The post highlighted reports that SWIFT is integrating crypto-related infrastructure and claimed that more than 50 major banks are involved in the initiative. According to the tweet, more than 25 banks are expected to begin processing payments by June. Crypto Dyl News also noted that a long-term descending trendline on XRP’s chart is scheduled to end around June 16, raising questions about whether the timing of both developments could be significant. JUNE COULD CHANGE EVERYTHING FOR $XRP • SWIFT reportedly integrating crypto infrastructure • 50+ major banks involved • 25+ expected to begin processing payments by June • XRP’s massive descending trendline ends June 16 Coincidence? #XRP holders are watching… pic.twitter.com/0F1qzRAWV9 — Crypto Dyl News (@cryptodylnews) June 1, 2026 Focus on Banking Participation In an accompanying video, Crypto Dyl News expanded on the claims presented in the tweet. The outlet stated that more than 50 major banking institutions are preparing to integrate crypto-based infrastructure for cross-border payments. Among the institutions mentioned were Bank of America, JPMorgan, Deutsche Bank, Bank of China, and SBI . The video further stated that over 25 banks could begin processing transactions as early as June. According to the presenter, the banking sector currently facilitates more than $150 trillion in annual payment volume, making any shift toward crypto-enabled infrastructure a development market participants are closely monitoring. Crypto Dyl News emphasized that XRP has long been associated with discussions surrounding cross-border payments due to its focus on transaction speed and cost efficiency . The outlet argued that this connection is one reason why XRP holders are paying close attention to reports involving SWIFT and banking adoption. Technical Analysis Points to June 16 Beyond the banking narrative, the video focused heavily on XRP’s technical chart structure. Crypto Dyl News noted that XRP has been trading within a descending trendline since July of last year, creating a pattern of lower highs and lower lows. According to the analysis, that trendline is approaching its endpoint, with June 16 identified as the latest date by which the pattern could conclude. The presenter acknowledged that a breakout could occur before then, but described June 16 as the key deadline based on the current chart structure. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The outlet argued that the potential end of the trendline during the same month that banks are reportedly beginning crypto-related payment processing is a noteworthy development. Crypto Dyl News characterized the setup as a possible indication that market conditions could be shifting. XRP Holders Await a Key Month Crypto Dyl News concluded that June 2026 could become one of the most important months of the year for XRP . The combination of reported banking activity, ongoing discussions about crypto infrastructure, and the approaching conclusion of XRP’s long-term descending trendline has placed the asset under increased scrutiny. While no specific price target was provided, the outlet suggested that XRP holders should closely monitor developments throughout the month as both fundamental and technical factors continue to unfold. 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 Pundit Says June Could Change Everything for XRP. Here’s why appeared first on Times Tabloid .
