Dow Jones flat, oil plunges as fragile Israel – Iran ceasefire holds

U.S. stocks are eyeing a move toward record highs, with the S&P 500, Nasdaq, and Dow Jones Industrial Average opening higher Wednesday, June 25. The S&P 500 opened 0.2% up, little changed in early trading after the benchmark index edged to 6,100 on Tuesday. Gains in the stock market saw the index hit its highest level since February, igniting bullish sentiment despite prevailing market conditions. Dow Jones Industrial Average, which notched gains on Tuesday despite Iran-Israel’s delicate ceasefire , was flat. This outlook also has the Nasdaq Composite higher, 0.2% up at open, as investors factor in potential rate cuts and the possibility of Israel and Iran upholding the ceasefire. Read more: Dow Jones up 500 points on Iran-Israel ceasefire, Powell to wait with rate cuts S&P 500 eyes record highs The S&P 500 rose 1.2% on Tuesday, closing less than 1% from a new all-time high, with gains adding to upside momentum that saw the benchmark index push higher at the start of the week. Easing hostilities between Iran and Israel, and reports that Iran isn’t seeking to block the Strait of Hormuz, a major oil passageway, buoyed markets. With the S&P 500 on the cusp of a new rally to record highs, investors in other markets have also turned bullish. Crypto was broadly higher, and oil prices plunged 7% to trade at levels last seen before the flare-up in Israeli-Iranian tensions, including U.S. attacks on Iran’s nuclear sites. “Markets barely reacted” to a violation of the Donald Trump–brokered ceasefire, analysts at QCP noted. Asia Colour – 25 Jun 25 1/ Israel resumed strikes shortly after a fragile ceasefire, but markets barely reacted. Traders seem to have priced in peace or stopped waiting. Risk appetite surged as the @Nasdaq 100 hit record highs and the S&P 500 neared its 2020 peak. Oil also… — QCP (@QCPgroup) June 25, 2025 Fed chair’s comments and tariffs In addition to further updates on monetary policy from Jerome Powell as he speaks to Congress on Wednesday, investor focus will also be on upcoming economic data. In particular, data on Personal Consumption Expenditures, the Fed’s preferred inflation gauge, will be released on Friday. Investors might want to pay attention to economic data rather than obsess with a rate cut, Carol Schleif, chief market strategist of wealth management provider BMO said. Speaking to CNBC on Wednesday, Schleif noted: “The obsession with the Fed actually distracts us from looking at the economic data. I’m not sure why the markets are leaning into a cut so much.” The tariffs front is also crucial, with Bloomberg reporting that the European Union saying it will retaliate if the U.S. holds the baseline 10% tariffs. You might also like: US Bitcoin ETFs record 11 consecutive days of net inflows despite macro jitters

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KB Kookmin Bank’s Pioneering Move: Unlocking Stablecoin Potential in South Korea

BitcoinWorld KB Kookmin Bank’s Pioneering Move: Unlocking Stablecoin Potential in South Korea In a significant development that could reshape the financial landscape of South Korea , KB Kookmin Bank , one of the nation’s largest commercial banks, has taken a bold leap into the world of cryptocurrencies. This isn’t just another headline; it’s a clear signal that traditional finance is increasingly recognizing the immense potential of digital assets , particularly stablecoin technology. For anyone following the evolution of money and blockchain, this move by a major player like KB Kookmin Bank is nothing short of pivotal. Why is KB Kookmin Bank’s Trademark Move So Significant? The news, first reported by local outlet Newsis, reveals that KB Kookmin Bank has initiated the process of obtaining trademark rights related to stablecoins. This marks a historic first for a traditional bank in the country. While digital banks like KakaoBank (affiliated with messaging giant Kakao) previously filed similar applications for names such as BKRW, KRWB, KKBKRW, and KRWKKB, KB Kookmin’s entry signifies a broader embrace from established financial institutions. KB Kookmin’s proposed trademarks include combinations of ‘KB’ and ‘KRW’ (the symbol for the Korean won), such as KBKRW, KRWKB, KBST, and KRWST. This isn’t merely a defensive move; it suggests a strategic intent to potentially issue or facilitate services around a Korean Won-pegged stablecoin. But what does this really mean? Mainstream Adoption: It brings stablecoins closer to everyday financial services, potentially integrating them into banking apps and payment systems. Regulatory Clarity: Such moves by major banks often push regulators to provide clearer guidelines, fostering a more secure environment for digital assets. Competition and Innovation: It signals a race among financial institutions to innovate in the digital currency space, potentially leading to better services for consumers. Understanding the Stablecoin Landscape in South Korea A stablecoin is a type of cryptocurrency designed to maintain a stable value, typically by being pegged to a fiat currency like the US dollar or, in this case, the Korean Won (KRW). They aim to combine the speed and security of blockchain technology with the stability of traditional currencies, making them ideal for payments, remittances, and even as a bridge between fiat and volatile cryptocurrencies. South Korea has long been a hotbed for cryptocurrency activity, boasting one of the most active trading markets globally. However, its regulatory environment has often been cautious, focusing on consumer protection and anti-money laundering. The interest from banks like KB Kookmin Bank and KakaoBank indicates a shift, perhaps driven by the global trend towards central bank digital currencies (CBDCs) and the increasing utility of private stablecoins. The potential benefits of a bank-issued KRW stablecoin for the Korean economy are significant: Faster and Cheaper Transactions: Streamlining domestic and international payments. Enhanced Financial Inclusion: Potentially offering digital financial services to a broader population. Innovation in Fintech: Paving the way for new financial products and services built on blockchain. The Future of Digital Assets in Korean Finance: What’s Next? The trademark applications by KB Kookmin Bank are more than just legal formalities; they are a strong indicator of where the financial industry in South Korea is headed. This proactive step suggests that traditional banks are not content to merely observe the rise of digital assets ; they intend to actively participate and shape their future. We could see a future where a KB-issued KRW stablecoin facilitates instant cross-border payments, or even enables tokenized securities and other innovative financial products. This move also puts pressure on other major Korean banks to explore their own digital currency strategies, potentially accelerating the country’s transition towards a more digitized economy. Challenges remain, of course. Regulatory frameworks need to evolve to accommodate these new financial instruments. Technological integration into existing banking systems will be complex. And public trust and adoption will be crucial for widespread success. However, the intent is clear: the digital transformation of finance is no longer a distant dream but an active pursuit by even the most established institutions. Global Implications: South Korea’s Stablecoin Leap While this news focuses on South Korea , its implications resonate globally. As central banks worldwide explore CBDCs and private stablecoins gain traction, the actions of major commercial banks like KB Kookmin Bank set a precedent. It demonstrates that traditional financial institutions are increasingly willing to engage with blockchain technology beyond just investment, moving into product development and service offerings. This trend could lead to greater interoperability between traditional finance and the decentralized world, bridging the gap between fiat currencies and blockchain networks. It’s a testament to the undeniable momentum of digital assets and their potential to revolutionize how we think about money and value transfer. A New Horizon for Finance KB Kookmin Bank ‘s move to secure stablecoin -related trademark rights is a landmark event for South Korea and a significant indicator for the global financial sector. It underscores a growing recognition among traditional banks of the transformative power of digital assets . As these established institutions begin to integrate blockchain technology and stablecoins into their core operations, we are witnessing the dawn of a new era in finance – one that promises greater efficiency, accessibility, and innovation. The journey has just begun, and the coming years are sure to bring even more exciting developments from the heart of Korean banking. To learn more about the latest crypto market trends, explore our article on key developments shaping digital assets institutional adoption. This post KB Kookmin Bank’s Pioneering Move: Unlocking Stablecoin Potential in South Korea first appeared on BitcoinWorld and is written by Editorial Team

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Crypto.com Secures $120 Million Insurance for Digital Assets with Lloyd’s Underwriters Backing

Crypto.com has secured a substantial $120 million insurance policy to safeguard digital assets under its custody arm, Crypto.com Custody Trust Company. This coverage, arranged by the prominent global insurance broker

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Bitcoin Price Watch: Bullish Reversal Takes Shape on Daily Chart

Bitcoin is trading at $107,059, with a market capitalization of $2.12 trillion and a 24-hour trade volume of $27.75 billion. The digital asset has seen an intraday range between $105,030 and $107,219, indicating modest volatility amid signs of recovery across multiple timeframes. Bitcoin From the daily chart, bitcoin has staged a notable rebound from a

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Jeremie Davinci Issues Crucial Bitcoin Prediction: Supply Shock Imminent?

Jeremie Davinci, a respected early Bitcoin adopter and prominent crypto analyst, has issued a significant prediction regarding Bitcoin’s future. Davinci suggests that a severe supply shock is brewing in the Bitcoin market, implying that the cryptocurrency could become exceedingly difficult to acquire in the near future. His insights highlight a critical confluence of factors impacting … Continue reading "Jeremie Davinci Issues Crucial Bitcoin Prediction: Supply Shock Imminent?" The post Jeremie Davinci Issues Crucial Bitcoin Prediction: Supply Shock Imminent? appeared first on Cryptoknowmics-Crypto News and Media Platform .

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TSMC looks to large share sale to ease pressure from local currency

TSMC Global Ltd., the overseas unit of Taiwan Semiconductor Manufacturing Co., said it plans to issue $10 billion of new stock to strengthen its forex hedging amid swings in the Taiwan dollar. TSMC Global said in a statement, reported by Bloomberg, that this move will help it manage exchange-rate risk. It is the third such deal since 2024 and the largest so far. Like the earlier transactions, this one comes as the Taiwan dollar has strengthened, giving the unit more capital to cover its hedges. TSMC Global is responsible for its overseas investments and hedging. The Taiwan dollar has climbed recently, raising concerns in Taipei over the economy’s reliance on exports. In May, it posted its biggest single-day gain since the 1980s, spurring the central bank to seek ways to curb speculative trading. “Generally speaking, the heightened forex volatility would mean that banks may be adjusting their margin requirements,” said Philip McNicholas, Asia sovereign strategist at Robeco in Singapore. “Issuing new shares and bringing in an immediate cash injection may help companies manage margin requirements on both existing and new hedges.” Stronger Taiwan dollar hits TSMC’s export earnings TSMC is the largest exporter and main chip supplier to Apple Inc. and Nvidia Corp. Because most of its production is in Taiwan, a stronger dollar cuts into the U.S. earnings it brings home or forces it to raise overseas prices, which could hurt demand. In June, Chief Executive Officer C. C. Wei told shareholders that operating margins had fallen by several percentage points due to the stronger local currency. Last week, TSMC’s US-listed shares fell 2.5 % , while the Philadelphia Semiconductor Index slid 2 %. Applied Materials dropped 4 % and Dutch equipment maker ASML lost 1.9 %. In April, the company gave a positive forecast for the year based on AI demand. “Our job is to give customers enough chips, and we’re working hard on that. ‘Working hard’ means it’s not enough,” he said. When asked about reports that TSMC is eyeing chip factories in the United Arab Emirates, Wei said the company has no such plans. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

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James Wynn Goes All In on Shorts: Calls Market Pump “Completely Fake”

The post James Wynn Goes All In on Shorts: Calls Market Pump “Completely Fake” appeared first on Coinpedia Fintech News James Wynn, once known as a fearless crypto trader, is now making headlines again — but this time, for betting big against the market. While many traders are feeling hopeful after Bitcoin’s bounce above $107K , Wynn says it’s all a setup for a major crash. Wynn Goes ALL In For Short After suffering a jaw-dropping $100 million loss on a single Bitcoin trade in late May, Wynn hasn’t slowed down or disappeared. He recently shared that he opened a big short position on Bitcoin at around $108,500, using 40x leverage across multiple exchanges. He says this helps him avoid big players he calls “the cabal.” My original short entry was $108.5k Average if 40x leverage across multiple exchanges to avoid the cabal Took over $50m profit at $100k-$101k. Added short with huge size here. Completely fake pump. Expect violent red candles coming soon. J.Wynn pic.twitter.com/5dhoIV67V9 — James Wynn (@JamesWynnReal) June 25, 2025 After taking over $50 million in profit when Bitcoin dropped to around $100K–$101K, he’s now back with an even bigger short position. [post_titles_links postid=”474512″] He further warned that bitcoin is making a “Completely fake pump. Expect violent red candles coming soon.” By this, Wynn means he believes the recent price rise is not real and that a big drop is coming, one that could cause panic selling and sharp losses for those not prepared. What is he up to now? Wynn himself says he’s not a professional and calls his style “gambling”. He admits he doesn’t use proper risk management and warns others not to copy him Although he’s not just sticking to Bitcoin, either. Wynn’s also betting big on altcoins and meme tokens, hoping to catch the next big wave. He even opened a new wallet and started trading both Bitcoin and PEPE, already seeing over $2 million in unrealized profits from these moves And just like before, he might walk away with another huge win, while others are left holding the bag. [article_inside_subscriber_shortcode title=”Never Miss a Beat in the Crypto World!” description=”Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.” category_name=”News” category_id=”6″] FAQs Who is James Wynn, and why is he making headlines? James Wynn is a well-known, high-leverage crypto trader making headlines for betting big against Bitcoin. After a $100 million loss in May, he’s back with a significant short position, predicting a major market crash. Has James Wynn experienced large losses before? Yes, James Wynn suffered a jaw-dropping $100 million loss on a single Bitcoin trade in late May 2025. Despite this, he has continued his high-risk, high-leverage trading strategy. Is James Wynn only betting on Bitcoin, or is he trading other cryptos? While heavily shorting Bitcoin, James Wynn is also actively trading altcoins and meme tokens. He recently opened a new wallet to trade Bitcoin and PEPE, already reporting over $2 million in unrealized profits from these speculative moves.

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Here’s What 1 XRP Will Be Worth If It Has the Same Market Cap As Bitcoin

In a recent post on X, crypto analyst Amonyx sparked renewed interest in XRP’s potential by stating: “Did you know? If $XRP had the same market cap as $BTC, 1 XRP would be worth over $35.” This simple comparison underscores the relationship between market capitalization and token supply—two critical metrics that determine a cryptocurrency’s price. The Numbers Behind the Comparison As of report time, Bitcoin’s market capitalization is approximately $2.14 trillion, with a circulating supply of about 19.9 million BTC. In contrast, XRP has a circulating supply of roughly 58.94 billion tokens and a market cap near $130 billion. By dividing Bitcoin’s market cap by XRP’s circulating supply, $36.31 per XRP is obtained. This confirms Amonyx’s statement— if XRP matched Bitcoin’s market cap, each XRP would be worth over $35 . With XRP currently trading around $2.19, this scenario would reflect a price increase of more than 1,500%. Did you know? If $XRP had the same market cap as $BTC , 1 XRP would be worth over $35. pic.twitter.com/BeZRBPDlmw — Amonyx (@amonbuy) June 25, 2025 Rising Institutional Interest and Market Momentum Beyond the numbers, XRP continues to gain traction among institutions and policymakers. In March 2025, President Donald Trump signed an executive order officially recognizing a group of digital assets as part of the U.S. strategic crypto reserve. Among them were XRP, Bitcoin, Ethereum, Solana, and Cardano, a significant endorsement of XRP’s growing institutional relevance. Ripple, the company behind XRP, has long focused on developing blockchain-based payment infrastructure. Its collaborations with global financial institutions and central banks have reinforced XRP’s role in real-time cross-border settlement. This practical utility has helped XRP remain a top contender in blockchain finance. Additionally, there is increasing discussion around the creation of XRP-backed exchange-traded products (ETPs). While no XRP spot ETF has been approved yet , the success of Bitcoin ETFs has intensified demand for broader crypto-based investment vehicles. Regulatory developments could eventually open the door for institutional-grade XRP investment products. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 One of XRP’s standout advantages is its energy efficiency. According to verified network data, each XRP transaction consumes only 0.0079 kWh, compared to over 700 kWh per Bitcoin transaction. In a world increasingly focused on sustainability, XRP’s low energy profile strengthens its appeal to ESG-conscious investors and institutions. Amonyx’s statement that 1 XRP would be worth over $35 if it had the same market cap as Bitcoin is mathematically accurate. The comparison provides a clear, data-driven perspective on XRP’s price to its supply and potential valuation. While no forecast is implied, the analysis underscores the importance of XRP’s ongoing growth, institutional adoption, and efficient design. As conversations around regulation, utility, and institutional access continue to evolve, XRP remains a digital asset with one of the most compelling value propositions in the market today. 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 urged to do in-depth 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 Twitter , Facebook , Telegram , and Google News The post Here’s What 1 XRP Will Be Worth If It Has the Same Market Cap As Bitcoin appeared first on Times Tabloid .

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Bitcoin’s Astonishing Demand: Analyst Reveals Crucial Exchange Ratio Insights

BitcoinWorld Bitcoin’s Astonishing Demand: Analyst Reveals Crucial Exchange Ratio Insights Are you keeping a close eye on Bitcoin’s pulse? In the volatile world of cryptocurrencies, discerning genuine market signals from mere noise is paramount. Recent insights from a prominent crypto analyst have shed light on a fascinating metric that could be a strong indicator of where Bitcoin is headed next: the exchange inflow/outflow ratio. This particular metric is offering a compelling narrative of sustained Bitcoin demand , reminiscent of past bullish phases. Decoding the BTC Exchange Ratio: What Does It Mean for Bitcoin Demand ? Understanding the flow of Bitcoin onto and off exchanges is like peering into the collective psychology of the market. When more Bitcoin flows onto exchanges, it often signals an intent to sell, increasing supply and potentially putting downward pressure on prices. Conversely, when Bitcoin flows *off* exchanges, it typically suggests accumulation and holding, indicating strong buying interest and reduced selling pressure. This is precisely where the BTC exchange ratio comes into play. Crypto analyst Axel Adler Jr. recently highlighted a crucial development on X (formerly Twitter). He pointed out that the 30-day simple moving average (SMA) of Bitcoin’s exchange inflow/outflow ratio has reached 1.125. But what does this number truly signify? Ratio above 1: This means that for every unit of BTC flowing out of exchanges, 1.125 units are flowing in. While at first glance this might seem like more supply, the context is key. When this ratio is high *and* sustained, especially after a period of accumulation, it suggests that new demand is entering the market, potentially outpacing the supply available for immediate sale. Historical Context: Adler Jr. specifically noted that this level is “akin to that at the beginning of the late 2023 bull run.” This comparison is vital. The late 2023 period saw significant price appreciation for Bitcoin, driven by renewed interest and institutional anticipation. The current ratio suggests a similar underlying strength in demand. Implication: A sustained high ratio, particularly one that echoes previous bullish periods, strongly implies that market participants are actively seeking to acquire Bitcoin, leading to robust Bitcoin demand . Axel Adler Jr.: Gaining Crypto Analyst Insights You Can Trust In the vast sea of crypto commentary, identifying reliable sources is critical. Axel Adler Jr. has established himself as a reputable crypto analyst known for his deep dives into on-chain data. His analysis often provides a more fundamental perspective on market movements, moving beyond mere price charts to reveal the underlying transactional behavior of market participants. By focusing on metrics like the exchange inflow/outflow ratio, analysts like Adler Jr. offer a window into genuine supply and demand dynamics, rather than speculative noise. His recent update is not just a single data point; it’s an interpretation based on a sophisticated understanding of how these metrics reflect investor sentiment and capital flows. For those looking to make informed decisions in the crypto space, paying attention to such expert crypto analyst insights can provide a significant edge. Unlocking Value with On-Chain Metrics : Why They Matter The exchange inflow/outflow ratio is just one of many powerful on-chain metrics that provide unparalleled transparency into the Bitcoin network. Unlike traditional financial markets where much of the data is proprietary or delayed, the blockchain offers a real-time, immutable ledger of all transactions. This allows analysts to track various activities, including: Wallet Balances: Observing the distribution of Bitcoin across different wallet sizes can indicate accumulation by whales or retail investors. Transaction Volume: High transaction volumes often signal increased network activity and interest. Miner Behavior: Tracking miner selling patterns can offer clues about their profitability and potential supply pressure. Long-Term Holder Supply: Identifying how much Bitcoin is held by long-term investors (those who haven’t moved their coins for extended periods) can indicate conviction and reduced selling pressure. These on-chain metrics collectively paint a comprehensive picture of the network’s health and the true underlying Bitcoin demand . They offer a distinct advantage over purely technical analysis by providing insights into the fundamental forces of supply and demand that drive price movements. When a metric like the BTC exchange ratio aligns with historical patterns, it provides a compelling case for continued strength. Navigating Current Market Trends : What This Means for Investors The signal from the BTC exchange ratio is a significant piece of the puzzle for understanding current market trends . If the ratio continues to indicate strong demand, it suggests that buyers are absorbing available supply, potentially setting the stage for further upward price action. For investors, this insight can be incredibly valuable: For HODLers: This reinforces the conviction to hold onto their assets, as the underlying demand appears robust. For Traders: It might signal opportunities for long positions, especially during dips, as strong underlying demand could provide support. For New Entrants: It highlights that despite price fluctuations, the fundamental interest in Bitcoin remains high, making it an attractive asset for long-term consideration. However, it’s crucial to remember that no single metric tells the whole story. While the exchange ratio is a powerful indicator, it should be considered alongside broader macroeconomic factors, regulatory developments, and overall investor sentiment. Yet, the current reading certainly paints a bullish picture for the continuation of positive market trends for Bitcoin. Challenges and Nuances: A Balanced View While the strong BTC exchange ratio is undoubtedly a positive sign, it’s important to approach such data with a balanced perspective. No single metric is infallible, and the crypto market is known for its volatility and unexpected turns. Some factors to consider include: Exchange Type: The data might not differentiate between various types of exchanges (e.g., centralized vs. decentralized) or the reasons for transfers (e.g., internal transfers between user accounts, or movement to cold storage). Whale Movements: A few large transactions by institutional players or whales could significantly skew the ratio temporarily. Macroeconomic Headwinds: Broader economic conditions, interest rate hikes, or geopolitical events can override even the strongest on-chain signals. Therefore, while the current crypto analyst insights are highly encouraging, investors should always combine such data with a holistic view of the market, including technical analysis, fundamental analysis of the broader crypto ecosystem, and global economic indicators. This comprehensive approach ensures a more resilient investment strategy. Conclusion: Bitcoin’s Resilient Demand Story Continues The latest update from Axel Adler Jr. regarding Bitcoin’s exchange inflow/outflow ratio offers a compelling testament to the enduring and robust Bitcoin demand . By drawing parallels to the early stages of the late 2023 bull run, this crucial on-chain metric suggests that underlying buying pressure remains strong, supporting positive market trends . For anyone navigating the dynamic crypto landscape, these expert crypto analyst insights serve as a powerful reminder that fundamental supply-demand dynamics are often the true drivers of long-term value. As Bitcoin continues its journey, keeping an eye on these vital on-chain signals will be key to understanding its trajectory and capitalizing on its potential. To learn more about the latest Bitcoin market trends, explore our article on key developments shaping Bitcoin price action. This post Bitcoin’s Astonishing Demand: Analyst Reveals Crucial Exchange Ratio Insights first appeared on BitcoinWorld and is written by Editorial Team

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Here’s why IOTA price crashed after the Rebased upgrade

IOTA crypto price has slumped in the past few weeks and is now hovering at its lowest point since April 20. IOTA ( IOTA ) token dropped to the psychological point at $0.15 after falling by 41% from its highest level this year. It has declined by 75% from its November 2024 highs. The ongoing IOTA price retreat is in line with the performance of other altcoins like Solana ( SOL ) and Polkadot ( DOT ). It also followed the recently launched Rebased upgrade, which introduced numerous features such as smart contracts, staking, full decentralization, and a wallet transition. A key goal of the Rebased upgrade was to enable developers to build decentralized applications using the Move and Ethereum Virtual Machines. These developers would benefit from its high scalability, including over 50,000 transactions per second and sub-second finality. You might also like: Bitcoin could soon surge to $120K after it regained this crucial level: CryptoQuant Third-party data shows that the Rebased upgrade has not translated into increased developer activity on IOTA. DeFi Llama tracks one dApp with a total value locked of $9.76 million in the ecosystem. In contrast, several newly launched chains like Unichain and Sonic have attracted tens of developers and millions of dollars in assets. Additional data shows that the number of active addresses and transactions on IOTA remains low. Its 30-day transactions dropped by 86% to just over 621,100, while the number of active addresses stood at 8,376. Still, IOTA’s staking pools have accumulated over $334 million in assets, giving it a staking ratio of 45%. These investors are earning an annual APY of 13.47%, higher than most layer-1 and layer-2 chains. IOTA price technical analysis IOTA price chart | Source: crypto.news The daily chart shows that the IOTA price has been in a downward trend over the past few months. It dropped from a high of $0.6287 in November to $0.1595. Most recently, it declined from May’s high of $0.2746 following the Rebased upgrade. IOTA has moved below the 50-day Exponential Moving Average, a sign that bears are in control. On the positive side, it is slowly forming a double-bottom pattern at $0.1315 and a neckline at $0.2746. This is considered one of the most bullish reversal patterns in technical analysis. IOTA crypto price has also formed a falling wedge pattern, consisting of two falling and converging trendlines. Therefore, the token will likely experience a bullish breakout as long as it remains above the double-bottom point at $0.1314. You might also like: Pi Network price is up 18%, is a correction on the horizon?

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