Author: John Smith

Ethereum price has fallen to around $1,630 after losing roughly 4% in the past 24 hours, while fresh technical signals and market-wide liquidations have kept traders focused on the risk of another move toward key support levels. Summary Ethereum price fell about 4% to near $1,630 as crypto liquidations reached $468 million, and Bitcoin dropped below $62,000. Analyst Ted Pillows warned that failure to reclaim $1,700 could trigger a move toward the $1,540 support zone. Technical indicators remain bearish, with ETH trading below Supertrend resistance near $1,850 and testing long-term support around $1,530. According to data from crypto.news, Ethereum (ETH)…

Crypto investment firm Paradigm has urged the U.S. Federal Deposit Insurance Corporation to remove provisions from its proposed stablecoin framework that could restrict third-party firms from offering rewards tied to stablecoins. Summary Paradigm urged the FDIC not to extend the GENIUS Act’s stablecoin yield ban to third-party firms such as exchanges and wallet providers. The firm argued Congress previously rejected proposals that would have broadened restrictions on stablecoin rewards. Paradigm also challenged proposed rules on white-label stablecoins, reporting requirements, tokenized reserves, and resolution procedures. According to a comment letter submitted to the FDIC, Paradigm argued that the agency’s interpretation of…

Kalshi has filed with the U.S. Commodity Futures Trading Commission to list perpetual futures tied to Hyperliquid’s HYPE token, adding the asset to a growing roster of crypto derivatives products under review. Summary Kalshi has filed with the CFTC to launch perpetual futures tied to Hyperliquid’s HYPE token. The filing follows Kalshi’s recent rollout of Bitcoin and Ethereum perpetual futures for U.S. traders. HYPE fell 7.4% over the past 24 hours as Hyperliquid futures open interest declined 8.3% to $2.48 billion. According to a recent filing with the Commodity Futures Trading Commission, prediction market operator Kalshi has applied to launch…

Ripple CTO Emeritus David Schwartz responded to criticism of his title with a long poem explaining his role in crypto and the XRP Ledger’s development. Summary David Schwartz answered criticism of his emeritus title with a detailed poem about XRP Ledger. The verse covered cryptography, payments, custody, decentralized exchanges, tokenization, bridges, stablecoins, and network security topics. Schwartz remains Ripple’s CTO emeritus and an XRP Ledger co-creator after leaving daily leadership duties. The verse covered cryptography, payment rails, custody, decentralized exchanges, automated market makers, tokenization, derivatives, bridges and stablecoins. It also referred to Schwartz’s work explaining blockchain systems over more than…

Ripple’s native token (XRP) traded near $1.16 on June 9 after recovering from a recent low around $1.05, according to crypto.news data.  Summary XRP needs a monthly close above $1.40 to confirm that the $1.05 bottom remains intact. Reclaiming $1.61 to $1.65 would strengthen recovery, while $1.70 offers firmer bullish confirmation for buyers. Losing $1.14 could expose $1.10, with wider weakness opening downside targets near $0.90 and $0.80. The token gained less than 1% over 24 hours but remained down about 8% across seven days and 19% over one month. The rebound has eased immediate pressure, yet XRP still sits…

Dogecoin traded near $0.0865 on June 9 after recovering from a low close to $0.0845, according to crypto.news data.  Summary Dogecoin holds near $0.086 while $0.081 remains the main support protecting its long-term channel structure. Whales accumulated over 200 million DOGE, but falling distribution data still shows weak broader demand. A weekly close below $0.081 could expose $0.067 before reaching the deeper $0.058 channel floor. The OG memecoin gained about 0.6% over 24 hours, but remained down almost 14% across seven days and more than 20% over one month. The recovery has not changed the wider bearish structure. Dogecoin still…

Ethereum recovered toward $1,700 after falling close to $1,500 during last week’s sell-off.  Summary Ethereum trades near $1,691, but bearish MACD and Aroon readings keep sellers firmly in control. A weekly close below $1,500 could expose Ethereum to the next major support near $1,000. BitMine bought 126,971 ETH during weakness, lifting its total treasury holdings to 5.54 million tokens. The move eased immediate pressure, but price remains within a broader downtrend and has not confirmed a lasting reversal. Ethereum traded near $1,691 at the time of writing, up about 1.4% over 24 hours (per crypto.news data). The token moved between…

IC3 researchers published a 155-page survey on June 8 examining how artificial intelligence and crypto can support each other.  Summary IC3 says crypto wallets automate AI transactions but do not make agents independent or autonomous. Blockchains can preserve content records, yet external tools must still determine whether material is AI-generated. Researchers argue decentralization cannot remove training bias, though it may improve transparency and wider governance. The study says meaningful integration remains early and calls for stronger evidence behind claims that blockchain can make AI agents autonomous, identify generated content, or remove model bias. The paper does not dismiss crypto. It…

The U.S. has added Alibaba, Baidu, and BYD to a Pentagon list of Chinese companies tied to Beijing’s military. The update also names several chip, biotech, robotics, and telecom firms operating in the United States. The Pentagon added Alibaba, Baidu, BYD, CXMT, YMTC, WuXi AppTec, RoboSense, and Unitree to its updated list. The list does not impose direct sanctions, but it affects Defense Department contracting rules. China’s embassy criticized the move, while WuXi AppTec called its inclusion a mistake. The list does not impose direct sanctions, but it affects Defense Department contracting rules. The move comes weeks after President Donald…

Zcash price has recovered roughly 50% from last week’s lows after a proposal for a new network upgrade sought to address concerns raised by a recently disclosed vulnerability that could have allowed the creation of counterfeit tokens. Summary ZEC price rebounded after Zooko Wilcox proposed the Ironwood upgrade to verify Zcash’s circulating supply. Ironwood follows a patched vulnerability that could have enabled unlimited counterfeit ZEC creation. Developers previously deployed emergency network upgrades, including the NU6.2 hard fork, to fix the flaw. According to Zcash founder Zooko Wilcox, the proposed Ironwood upgrade would give users a way to verify the cryptocurrency’s…