Crypto News Sentiment
Updated: 28 days and 2 hours ago
Base to Activate Beryl Hard Fork on Sepolia Testnet June 18
BitcoinWorld reports that Coinbase’s Layer 2 network, Base, will activate the Beryl hard fork on the Base Sepolia testnet on June 18 at 6:00 p.m. UTC. This upgrade aims to introduce performance improvements and a new native token standard for developers and institutional users.
Uniswap Price Continues Strong Uptrend
Uniswap price has surged significantly over the past seven days, reaching its highest point since May 22nd. Analysts at Standard Chartered have predicted a 10x jump in price from current levels, driving the price up to $3.50 from the year-to-date low of $2.30.
EchoStar Stock Gains Attractive Proposition
New Street’s senior analyst, David Barden, has raised his price target on EchoStar (SATS) to $165, indicating a potential 40% upside. This bullish outlook comes amid a period where EchoStar stock has struggled to regain its year-to-date high, currently down about 15%.
RLUSD Surpasses $1.64 Billion
RLUSD's growth is increasingly driven by real-world utility, with its adoption expanding across the XRPL, exchanges, and payments sectors. This has contributed to its surpassing $1.64 billion in value.
US Spot Bitcoin ETFs See Positive Flows
US spot Bitcoin ETFs recorded a net inflow of $10.2 million on June 16, marking a return to positive flows after a single day of net outflows. This indicates continued institutional interest in the asset class despite recent market volatility.
Silver Prices Near $70
Silver prices rose for a fifth consecutive session, trading around $70.40 an ounce, as investors reassessed inflation and interest-rate risks following a peace framework between the US and Iran. Lower oil prices also reduced fears of elevated energy costs.
XLM Price Rebounds
XLM has defended its critical support zone between $0.18 and $0.19, signaling potential upcoming movements. Following a multi-month low, the price has climbed from $0.14 to $0.30.
Uniswap Price Soars 22 Percent
Uniswap’s UNI token soared 22.5 percent to $3.53 after receiving a strong $100 target price report from analysts.
Ki Young Ju: 99.9% of Altcoins Should Be Filtered Out, But Not All Are Worthless
Ki Young Ju, CEO of CryptoQuant, warns that the majority of altcoins are unsustainable due to a shift towards a more rigorous market environment. However, he acknowledges that some altcoins still hold value beyond just their narratives.
SIREN Token Crashes 95% After Whale Dumps 670 Million Tokens
A massive sale by a single large holder caused the SIREN token to plummet by 95%, highlighting the risks associated with heavily concentrated token supply in less liquid markets.
Ethereum Exchange Balances Hit Historic Low at 14.5 Million
Ethereum's exchange balances have reached an all-time low of 14.5 million, raising questions about future price targets and the overall health of the Ethereum ecosystem.
Brent Crude Drops Below $80 as Iranian Oil Comeback Lifts Market Mood
Brent crude oil prices fell to below $80 per barrel, their lowest since the US-Iran conflict began in March, following news of reduced sanctions on Iranian oil exports.
XRP Slips Below $1.23 on Heavy Selling
XRP experienced a significant drop, falling below $1.23, as sellers took advantage of a recent rally, indicating potential investor risk aversion.
60% of EU Users Could Be Affected Ahead of MiCA’s Compliance Deadline
With a July deadline approaching, many EU users may face disruptions due to new regulations outlined in the Markets in Crypto Assets (MiCA) directive.
Illinois Approves 0.2 Percent Tax on Crypto Transactions
Illinois has implemented a 0.2 percent tax on all cryptocurrency transactions, signaling a shift in how states approach the regulation and taxation of digital assets.
