hodler

3 Jun 2026, 06:30

Orbs Rolls out V5 on Ethereum and Arbitrum, Cutting Costs Across 10+ Chains

Layer 3 blockchain infrastructure Orbs has launched its V5 product upgrade on Ethereum and Arbitrum to improve cross-chain verification, lower infrastructure costs, and increase validator participation. Milestone Growth Precedes Upgrade The decentralized Layer 3 blockchain infrastructure focused on advanced on-chain trading, Orbs, has unveiled V5, a product upgrade on Ethereum and Arbitrum designed to improve

3 Jun 2026, 06:27

Here’s why the XRP price just lost a crucial support level today (June 3)

XRP price made a strong bearish breakout today, June 3, continuing a downtrend that started on May 14 when it peaked at $1.5486. It dropped below a crucial support level and reached its lowest point since February this year. It has now plunged by over 66% from its highest point last year. XRP price has crashed despite the ongoing ETF inflows The ongoing XRP price crash is happening despite the ongoing demand for Ripple ETFs and the improving ecosystem. While these ETFs did not add any assets on Tuesday, they have been in a positive trajectory. Spot XRP ETFs added over $131 million in assets in May, the best performance this year. This was a big increase compared to the $81 million they added a day earlier. In total, spot Bitcoin ETFs have had cumulative inflows of $1.43 billion, led by those by companies like Bitwise, Canary, and Franklin Templeton. In contrast, spot Bitcoin and Ethereum ETFs have shed billions of dollars in assets this year. Bitcoin ETFs lost over $2.4 billion in assets in May, while Ethereum shed $540 million. Notably, the ongoing XRP price crash is happening as its fundamentals remain robust. For example, Ripple Labs has acquired several important licenses this year, including from the UK, Australia, and the European Union. Ripple also achieved a valuation of $50 billion earlier this year. That was $10 billion higher than what the company was valued at when Citadel invested in it late last year. The Ripple USD (RLUSD) stablecoin has also continued doing well, with its assets under management (AUM) soaring to over $1.8 billion. Recent data shows that the coin’s volume jumped to over $22 billion in the last 30 days. That is a sign that its utility is growing this year, a trend that will continue after the signing of the CLARITY Act . Why Ripple is falling this year The main reason why the XRP price is falling despite the improving ecosystem is that demand for cryptocurrencies has fallen. Indeed, the market capitalization of all coins has dropped from over $4 trillion last year to $2.3 trillion today. Bitcoin and most altcoins have all plunged by double digits. The XRP price is also falling this year because of the ongoing rotation towards companies and assets with an AI angle. For example, a closer look at the top gainers in the S&P 500 Index shows that they are all in the AI industry. This includes companies like Sandisk, Micron, Intel, and Western Digital. As a result, investors have pumped billions of dollars into these assets this year. Total ETF inflows in May stood at over $200 billion, with Vanguard’s VOO nearing the $1 trillion valuation. In addition to AI companies, investors are also moving to space companies ahead of the SpaceX IPO . For example, top space ETFs like UFO and NASA have added billions of dollars in value this year. Ripple price technical analysis XRP price chart | Source: TradingView The daily chart shows that the XRP price has remained inside a narrow range this year. It has stayed inside the key support and resistance levels at $1.2740 and $1.5486 since February last year. XRP made a strong bearish breakdown below the channel’s lower side. It has also remained below all moving averages, while the Relative Strength Index (RSI) has remained below the oversold level. Therefore, the most likely scenario is where the coin continues falling, potentially below $1 this year. The post Here’s why the XRP price just lost a crucial support level today (June 3) appeared first on Invezz

3 Jun 2026, 06:25

Bitcoin’s Break With Tech Widens After Strategy’s Sale Feeds Rout

Bitcoin’s selloff extended into Wednesday after Strategy Inc.’s sale of a tiny portion of its massive cryptocurrency stockpile rattled sentiment and widened the token’s divergence from record-setting technology shares.

3 Jun 2026, 06:23

Here’s why the crypto market is crashing and liquidations are rising

The crypto market is crashing today, with Bitcoin and most altcoins remaining in a bear market. After rising to $82,000 in May, Bitcoin price crashed to $66,000 on Wednesday. Ethereum remains below $2,000, while the market capitalization of all tokens fell by 4.2% to $2.3 trillion. This article explores the top reasons behind the crypto crash and the surge in liquidations. Crypto market crashing amid the ongoing AI boom The main reason why the crypto market is going down is that investors have turned to the stock market amid the ongoing artificial intelligence boom in the United States. Some crypto investors have seen the performance of the stock market and decided to move there. Besides, while Bitcoin is down for the year, top AI stocks like Sandisk, Micron, Intel, and Seagate have jumped by triple digits. Similarly, the Nasdaq 100 Index has already jumped by 20% this year, while the S&P 500 Index is up by 10%. Other top AI-focused ETFs are doing well, with the newly launched DRAM more than doubling. A good example of all this is the performance of exchange-traded funds (ETFs). Data shows that stocks ETFs have added billions of dollars this year, with Vanguard’s VOO nearing the $1 trillion AUM mark. DRAM, which was launched in April, has gained over $15 billion assets. In contrast, the biggest crypto ETFs have shed substantial assets this year. Bitcoin ETFs have shed over $3 billion in assets since the second week of May this year. Ethereum funds have had outflows in all months other than April this year, losing over $1 billion in assets. To be clear: while the crypto market crash has deepened this year, AI coins have soared. The most notable ones are coins like Humanity Protocol, Worldcoin, Venice Token, and Near Protocol. Technicals have contributed to the crypto crash The first point is the most important one in terms of the ongoing crypto market weakness this year. The other main reason is technicals, which have had a role to play. For example, the daily chart below shows that the Bitcoin price formed a rising wedge pattern. This pattern is made up of two ascending and converging trendlines. A bearish breakout normally happens when the two lines are nearing their convergence. Bitcoin price chart | Source: TradingView Ethereum also formed a similar pattern earlier this year, which also explains why it has retreated sharply. In most cases, Ethereum and Bitcoin are usually the most important drivers of activity in the crypto industry. Most altcoins normally drop when Bitcoin is in a steep freefall. Michael Saylor’s Strategy sold Bitcoin The other main reason behind the current phase of the crypto market crash is that Strategy, the biggest treasury company in the world, sold Bitcoin last week. After years of accumulation, the company dumped Bitcoin worth about $2.5 million last week. It is unclear why the company did that though the management has telegraphed it for months. At the same time, crypto treasury companies have largely stopped buying. Only a handful of them have bought Bitcoin and other coins this year. As the prices continues to underperform, chances are that some of these companies will start selling. The other key reason behind the crypto market crash is that the impact of the October 10 liquidation event remains. Over 1.6 million traders were liquidated positions worth over $20 billion on that day, The post Here’s why the crypto market is crashing and liquidations are rising appeared first on Invezz

3 Jun 2026, 06:23

Prediction market traders bet bitcoin's selloff has further to run

Markets now imply a 66% chance bitcoin falls below $55,000 and a coin-flip chance of sub-$50,000 prices before year-end.

3 Jun 2026, 06:22

Us sanctions Iran’s Nobitex for handling over 50 percent crypto

🚨 US blacklists Nobitex for processing over 50 percent of Iran’s crypto flow. 🪙 Four Iran-based crypto exchanges now face tough restrictions in $BTC transactions. 📉 Washington intensifies moves targeting Tehran’s crypto sector amid growing scrutiny. Continue Reading: Us sanctions Iran’s Nobitex for handling over 50 percent crypto The post Us sanctions Iran’s Nobitex for handling over 50 percent crypto appeared first on COINTURK NEWS .