hodler

4 Jun 2026, 09:40

Monero rebounds from $330 lows as bulls eye major breakout

Monero (XMR) traded around $352 on Thursday after recovering from recent lows near $330, even as Bitcoin, Ethereum and several major cryptocurrencies remained under pressure. Recent gains have coincided with renewed interest in privacy-focused digital assets. Market observers have pointed to capital rotating away from large-cap cryptocurrencies and into sectors supported by distinct use cases, allowing privacy coins to outperform during the latest market downturn. Among those beneficiaries, Monero has drawn attention following a major network upgrade that strengthened its privacy model and reignited interest in the asset's long-term utility. Privacy upgrade continues to support sentiment The recent rally has been partially supported by Monero's Full Chain Membership Proofs, or FCMP, initiative and the related FCMP++ framework introduced through the Carrot testnet. The upgrade replaces Monero's previous ring signature design, which relied on 16 decoys, with a system capable of proving transaction validity against the network's entire history. Supporters of the proposal have argued that the change expands the anonymity set to more than 150 million outputs while addressing concerns raised by previous research into transaction tracing techniques. Interest surrounding the rollout helped push XMR to a local high above $437 in early May as traders positioned ahead of the upgrade. However, after the initial surge, profit-taking activity emerged and pulled the token back toward key support levels. Technical indicators point to key levels ahead Chart data shows Monero rebounding after testing a demand zone near $330 to $355. On the 4-hour timeframe, price recently bounced from the lower Bollinger Band while the MACD indicator produced a bullish crossover and moved back into positive territory, suggesting buying momentum has improved in the short term. XMR/USD 4-hour price chart. Source: TradingView. Despite that recovery, the daily chart still presents obstacles for bulls. XMR remains below its 20-day, 50-day, 100-day and 200-day exponential moving averages, which are clustered between roughly $370 and $375. Technical traders often view such areas as significant resistance zones. XMR/USD 1-day price chart. Source: TradingView. Liquidation data from CoinGlass also highlights substantial concentrations of leveraged positions around those levels. XMR 24-hour liquidation heatmap. Source: Coinglass. The largest nearby upside liquidity cluster sits between approximately $370 and $375, while additional liquidation pockets are visible near $380 and above. On the downside, CoinGlass data shows one of the largest liquidity zones between $343 and $345, with further clusters extending into the $330 region. Those levels could attract attention if selling pressure returns. Beyond the immediate technical picture, Monero continues to benefit from demand among users seeking transaction privacy and censorship resistance. Supporters of privacy-preserving cryptocurrencies have argued that tighter regulatory scrutiny of anonymous financial activity in several jurisdictions has reinforced the appeal of decentralized alternatives rather than reducing interest in them. For now, market participants appear focused on whether Monero can reclaim resistance near $370. A successful move above that area would place the next major liquidity pockets in view, while failure to hold current support could push the price toward the heavily populated $343 to $345 liquidity zone, with additional downside interest concentrated around the $330 area, according to CoinGlass data. The post Monero rebounds from $330 lows as bulls eye major breakout appeared first on Invezz

4 Jun 2026, 09:37

XRP News Today: Ripple-Backed Firm Claims Real Banks Are Already Using XRP Daily

Evernorth, an XRP-focused treasury company backed by Ripple, Kraken, Pantera Capital, and SBI Holdings, is telling institutional investors that real banks are already using XRP, and that the next 18 months will be defined not by whether adoption news happens, but by how much and under which ruleset. The claim is specific: daily transactions on the XRP Ledger have surged to nearly 3 million, up from roughly 1 million in mid-2025, with Bitstamp, Ripple’s RLUSD stablecoin, and Braza Bank among the busiest names on the network. That is a real number. What it means for banking utility is a different question entirely. The tension is structural. According to news, XRPL transaction volume has tripled in roughly 12 months, and at least one major European bank has deployed its regulated euro stablecoin on XRP, selecting it as one of four public chains for that purpose. Xrp (XRP) 24h 7d 30d 1y All time But XRP on-chain metrics and exchange flows tell a more complicated story about whether that volume represents persistent banking infrastructure or a concentrated surge driven by a handful of known actors. The marketing narrative and the on-chain data are not opposites. They are simply not the same thing. Discover: The Best Crypto to Diversify Your Portfolio XRP and Banking Rails News: What the On-Chain Data Shows Evernorth’s chief executive, Asheesh Birla , has argued in a news outlet that XRP’s long-term value will come from banks and businesses using it as working capital, not from retail trading. That framing matters because it sets a specific evidentiary bar: not speculative demand, not ETF flows, but bank-originated settlement volume. Against that bar, the data is partially supportive and partially aspirational. The XRPL’s jump to nearly 3 million daily transactions is documented and real. The busiest names driving that traffic, Bitstamp, RLUSD, Braza Bank, are identifiable financial institutions, not anonymous wallets or wash-trading vectors. In May 2026, Evernorth highlighted a tokenized U.S. Treasury redemption that coordinated Mastercard, J.P. Morgan’s Kinexys, Ondo Finance, and Ripple using XRPL as the common settlement layer, with Ripple receiving USD proceeds in Singapore outside normal banking hours. Evernorth described XRP as “settlement infrastructure in one of the most significant cross-institutional blockchain transactions to date.” That transaction happened. It is not fabricated. New: XRP Already Powers Real Banking Activity, Says Evernorth, With More Growth Expected. Evernorth says daily activity on the XRP Ledger has climbed to nearly 3 million transactions, up from about 1 million in mid-2025, and the firm is now pic.twitter.com/Oo4Iv8MhzS — John Morgan (@johnmorganFL) June 4, 2026 What the data does not yet confirm is whether these events represent systematic banking adoption or high-profile pilots. Ripple’s On-Demand Liquidity service has been live in production since at least 2018, using XRP as a bridge asset across cross-border corridors in markets like the Middle East and Southeast Asia. Volume in those corridors is real but geographically concentrated, not the global banking rail the headline narrative implies. Institutional-sized transfers on XRPL are stable in 2026, but Chainalysis data indicate they increasingly compete with USDC and wholesale CBDC projects for share of institutional settlement flow. Source: Evernorth The XRPL protocol itself is being upgraded with exactly this gap in mind. Pending amendments include Token Escrow, a Permissioned DEX, and Restricted Environments, compliance infrastructure explicitly designed to give regulated institutions whitelisted venues and escrowed settlement flows on-chain. The proposed XLS-66 XRP Lending Protocol would embed single-asset XRP vaults, fixed-term loans, and ZK-enhanced privacy directly into the ledger, eliminating external smart contracts and bridges. Validators are currently voting on XLS-66, and it requires an 80% supermajority to activate. It is not yet live. Analysts covering the proposal have framed it as a bid to unlock a $100 billion lending and collateral opportunity on XRPL, but until consensus is reached, that is infrastructure on the drawing board, not banking activity on the ledger. Discover: The Best Token Presales The post XRP News Today: Ripple-Backed Firm Claims Real Banks Are Already Using XRP Daily appeared first on Cryptonews .

4 Jun 2026, 09:33

Schwab opens 24/7 crypto futures trading for BTC, ETH, SOL, XRP

🚀 Schwab now offers nearly 24/7 trading in $BTC, ETH, SOL, and XRP futures through thinkorswim. 📈 Clients can access major crypto derivatives all week, almost around the clock. 📊 Schwab plans to expand spot trading and custody services by 2027. Continue Reading: Schwab opens 24/7 crypto futures trading for BTC, ETH, SOL, XRP The post Schwab opens 24/7 crypto futures trading for BTC, ETH, SOL, XRP appeared first on COINTURK NEWS .

4 Jun 2026, 09:32

Scott Bessent Pushes CLARITY Act This Summer: Bitcoin Reserve Will Grow at “Deliberate Speed”

U.S. Treasury Secretary Scott Bessent is pushing hard for the Crypto CLARITY Act to clear Congress by summer 2026, and simultaneously urging patience on the Strategic Bitcoin Reserve. That combination of urgency on legislation and caution on sovereign BTC accumulation tells you exactly where the administration’s priorities sit right now. Bessent has described the Bitcoin Reserve as moving at “deliberate speed,” a phrase that signals intent without committing to a timeline. Bitcoin (BTC) 24h 7d 30d 1y All time The tension is real: the same administration that wants to position America as a crypto superpower is also the one pumping the brakes on its most headline-grabbing crypto policy. Discover: The Best Crypto to Diversify Your Portfolio CLARITY Act by Summer 2026: What Bessent’s Backing Actually Means for SEC vs. CFTC The core problem the CLARITY Act solves is jurisdictional. For years, the SEC and CFTC have operated overlapping and often contradictory mandates over digital assets, leaving exchanges, developers, and institutional desks in a permanent state of legal ambiguity. Bessent and the Department of the Treasury want that resolved, and they want it done through legislation rather than continued regulation by enforcement. Bessent has framed the bill as “essential to the future viability of bitcoin and digital asset markets in the U.S.” and has publicly argued that even just progress toward passage would “greatly reassure the market” during periods of volatility. 𝗝𝗨𝗦𝗧 𝗜𝗡: Treasury Secretary Scott Bessent says he is looking forward to the Clarity Act being passed this summer. pic.twitter.com/HW3zcGMRqm — DustyBC Crypto (@DustyBC) June 3, 2026 The legislative path isn’t clean. Coinbase withdrew its support for the bill in January 2026, citing disputes over the treatment of stablecoin rewards, and that pullback contributed to committee delays that are still playing out. Closed-door negotiations are ongoing in both chambers, and the stablecoin impasse remains the central sticking point heading into markup deadlines. If the bill does pass, the structural impact on Crypto Regulation is significant. A clear SEC vs. CFTC boundary eliminates the ambiguity that has kept institutional players on the sidelines and inflated compliance costs across the industry. Polymarket Prediction market Polymarket is currently pricing in roughly a 59% probability that the CLARITY Act gets enacted by end of 2026, meaningful odds, but hardly a lock. That’s a long-term bullish structural shift, not a near-term price catalyst, but the kind of framework change that underpins a sustained institutional accumulation cycle. The Bitcoin Strategic Reserve: ‘Deliberate Speed’ Is Doing a Lot of Heavy Lifting The Bitcoin Strategic Reserve, established under Executive Order 14233 signed in March 2025, currently holds an estimated $15–20 billion in BTC and other digital assets seized by U.S. law enforcement. The order bars the government from selling any bitcoin once it enters the reserve, ending the longstanding practice of U.S. Marshals Service auctions of forfeited BTC. Bessent confirmed on Fox Business that the U.S. will not purchase bitcoin on the open market. The reserve grows only through future confiscations, and the Treasury is exploring what Bessent called “budget-neutral pathways” to acquire more, think asset swaps or reallocation of existing digital-asset portfolios rather than net new taxpayer outlays. JUST IN: Treasury Secretary Scott Bessent says he's looking forward to working with lawmakers on the Strategic Bitcoin Reserve "We are proceeding with all deliberate speed. And we are making sure…we use best practices and things will be durable for the future" pic.twitter.com/wMuttlfTlc — Bitcoin Magazine (@BitcoinMagazine) June 3, 2026 For traders expecting a sovereign buy-wall, that’s a cold shower. Given how quickly leveraged markets can destabilize around large BTC flows , Bessent’s caution on open-market purchases is probably the right call for systemic stability. White House digital-asset adviser Patrick Witt has flagged a “significant announcement” on next steps for the reserve, including governance and custody frameworks, due “in the coming weeks.” That announcement will tell us whether “deliberate speed” means methodical or stalled. The strategic framing matters too. At Davos, Bessent tied the reserve explicitly to Trump’s goal of making the U.S. a frontrunner in crypto innovation, calling it a strategic resource closely watched by foreign governments. Washington is no longer treating bitcoin as contraband. That shift in posture, regardless of the reserve’s current size, carries weight and is likely to shape Bitcoin’s long-term price trajectory as sovereign interest deepens globally. Two policies, two speeds. The CLARITY Act gets the urgency; the Bitcoin Reserve gets the caution. Bessent’s framing is disciplined, but the market will eventually demand more than deliberate. Discover: The Best Token Presales The post Scott Bessent Pushes CLARITY Act This Summer: Bitcoin Reserve Will Grow at “Deliberate Speed” appeared first on Cryptonews .

4 Jun 2026, 09:30

Bitmine plans $300M stock for ETH buys – Better than Strategy’s STRC?

Will Bitmine escape Strategy's challenges as it doubles down on preferred stock offering?

4 Jun 2026, 09:28

Kraken Flexline is now available to ECP-qualified US users

TL;DR Kraken Flexline , a fixed-rate, crypto-secured loan , is now available to ECP-qualified 1 Kraken Pro users across 40 US states and Washington, DC. The APR is fixed for the full term and visible before you confirm, so the cost of borrowing can be modeled with real numbers before you commit. 48 crypto assets and 6 fiat currencies are accepted as collateral, with loan terms from 2 days to 2 years and a 75,000 USDC equivalent minimum (100,000 USDC equivalent in Delaware and Minnesota). Collateral stays on Kraken throughout the term; capital can withdraw off-platform to a linked bank account or stay on-platform to trade, stake, or manage positions. A third path, beyond sell or hold Flexline is a fixed-rate loan secured by crypto you already hold on Kraken, available to ECP-qualified users in 40 US states and Washington, DC. 2 The core value proposition is simple. Keep your position. Access the capital you need. Your crypto stays on Kraken. How Flexline actually works The structure is built so the decision can be evaluated with real numbers, not estimates. You select the assets you want to use as collateral, see the fixed APR and the liquidation threshold 3 before you confirm, and either keep the proceeds on Kraken or withdraw them to a linked bank account. When you settle the loan, the collateral returns in full. A few specifics worth knowing up front: Fixed APRs range from 7% to 25% for the full term, with BTC and ETH short-term borrows available under 10% Loan terms run from 2 days to 2 years 48 crypto assets and 6 fiat currencies are accepted as collateral Minimum loan size is $75,000 USDC equivalent ($100,000 USDC equivalent in Delaware and Minnesota) A 0.50% origination fee applies at loan open A loan monitoring dashboard surfaces collateral value and liquidation threshold throughout the term When borrowing fits the situation better than selling When might Flexline be a good fit for you? When you need: Working capital against a long-held position A founder holds a meaningful ETH position built up over several years. A short-term capital need arises, such as a bridge before a funding round closes or a real estate transaction with a defined timeline. The default instinct is to sell. With Flexline, the position stays intact on Kraken, the founder draws against it at a known fixed rate, and the capital withdraws to a bank account. When the loan settles, the collateral returns. Balance sheet deployment without unwinding a treasury position An entity treasury holds BTC as part of its reserve thesis. A separate opportunity appears, perhaps a private investment, an external capital commitment, or a DeFi position elsewhere, and capital is needed to act on it. Selling the BTC means restructuring the treasury and exiting a position the entity has been intentional about. Flexline offers a structured alternative: borrow against the BTC at a fixed APR, deploy the proceeds off-platform, and settle the loan when the time comes. On-platform flexibility while keeping a long-term position intact A Kraken Pro user holds a long-standing BTC position they intend to keep in place. They want capital available to stake, hold in stablecoins, or manage other positions on Kraken without closing the BTC position to do it. Flexline lets the BTC position stay where it is while capital becomes available at a known fixed cost. Getting started The decision to sell a position you’ve built conviction in shouldn’t be forced by a capital need or a passing opportunity. Flexline gives serious holders a structured third option, with the cost known upfront, the collateral kept on Kraken, and the capital free to go where it needs to go. See what your holdings can do without leaving your portfolio. Check your Flexline borrowing power 1 Eligible Contract Participant (ECP) is a classification defined under the US Commodity Exchange Act. It generally includes corporations, partnerships, and similar entities with more than $10 million in total assets; regulated financial institutions and broker-dealers; certain governmental entities; and individuals with more than $10 million invested on a discretionary basis (or $5 million when entering into a transaction to manage risk). ECP qualification is required to access Kraken Flexline in the US. Full eligibility criteria are available at kraken.com/legal . 2 Flexline is currently unavailable in CA, CT, MA, MS, MT, ND, NV, NY, PR, SD, and VT. 3 If collateral value falls below the threshold it may be liquidated. Using Kraken Flexline involves risk, may have tax implications, and may result in the loss of capital. Borrowed assets subject to withdrawal limits. Availability of Kraken Flexline is subject to certain limitations and eligibility criteria. This content is for informational purposes only and is not a recommendation to use Kraken Flexline. See Kraken Flexline terms at kraken.com/legal . The post Kraken Flexline is now available to ECP-qualified US users appeared first on Kraken Blog .