South Korea’s leading digital asset exchange Upbit has announced the listing of Ravencoin (RVN) on the Korean Won (KRW) exchange, further expanding access to its blockchain platform optimized for asset transfers. Upbit Lists Ravencoin (RVN) on KRW Market Starting June 5 Trade Details Asset: Ravencoin (RVN) Market: KRW Network: Ravencoin Start of Trading: June 5, 2025, 17:00 Users are advised to verify the network before depositing as only RVN-Ravencoin network transactions are supported. Deposits made via other networks will not be processed and may experience significant delays in refunds. To ensure a fair and stable trading environment, Upbit will implement the following temporary restrictions: Buy Orders are Blocked: For approximately 5 minutes after the start of trading. Sell Price Floor: Sell orders below 90% of the previous day's closing price will be restricted for the first 5 minutes. Order Type Restriction: Only limit orders will be accepted during the first 2 hours of trading. Based on the previous day's closing price on the BTC market, the reference price for RVN will be 0.00000011 BTC (≈15.97 KRW). Users must strictly comply with Upbit's deposit rules. Only user-owned wallets with completed ownership verification will be accepted. Deposits must be made from registered virtual asset service providers (VASPs); otherwise, they will not be reflected in user accounts. Unsupported deposits may require a lengthy refund process. What is Ravencoin? Ravencoin (RVN) is a blockchain platform designed for the efficient transfer of assets and tokens. Upbit’s addition of RVN to the KRW marketplace is another step towards expanding its token offerings and supporting its emerging blockchain infrastructure. *This is not investment advice. Continue Reading: Bitcoin Exchange Upbit Announces Listing of This Altcoin on Its Spot Trading Platform! Here Are the Details
BitcoinWorld Ethereum: Massive $36.4M Abraxas Capital Withdrawal Sparks Binance Scrutiny In the fast-paced world of cryptocurrency, tracking the movements of large holders, often referred to as ‘whales,’ can offer valuable insights into market sentiment and potential future trends. A recent event that has caught the eye of on-chain analysts is a significant crypto withdrawal involving a substantial amount of Ethereum (ETH) from the world’s largest exchange, Binance . According to data shared by the blockchain analytics firm Lookonchain on X, a prominent entity known as Abraxas Capital has moved a staggering 13,771 ETH out of the Binance platform within the last 12 hours. At the time of the transaction, this withdrawal was valued at approximately $36.4 million USD. This isn’t just a routine transfer; movements of this magnitude by large capital allocators like Abraxas Capital are often tracked closely by the market. They can signal various intentions, ranging from strategic investment shifts to changes in custody preferences. Who is Abraxas Capital and Why Does Their Crypto Withdrawal Matter? While specific details about Abraxas Capital are not always publicly disclosed, their on-chain activity suggests they are a significant player in the cryptocurrency space – likely a large fund, institution, or high-net-worth individual managing substantial digital asset holdings. When entities like this make large moves, especially a major crypto withdrawal from a central exchange, it attracts attention because: Scale: Moving $36.4 million in ETH is a considerable amount that can potentially impact exchange liquidity or signal a large upcoming off-exchange activity. Intent: Large withdrawals often indicate a shift from a trading-focused strategy (keeping assets on an exchange) to a longer-term holding strategy, participation in decentralized finance (DeFi), staking, or preparation for over-the-counter (OTC) transactions. Market Signal: While not a guaranteed predictor, whale movements are sometimes interpreted as bullish (moving to stake or hold long-term) or bearish (preparing to sell OTC) signals by other market participants. Tracking entities like Abraxas Capital through on-chain data provides a layer of transparency that is unique to blockchain technology, allowing anyone to observe these large capital flows. Understanding the Implications of Moving Ethereum Off Binance A crypto withdrawal of this size from a major exchange like Binance can have several potential implications, both for the entity making the move and for the broader Ethereum ecosystem and market: For Abraxas Capital: Enhanced Security: Moving assets off an exchange into a self-custody wallet (like a hardware wallet) provides greater control and mitigates exchange-specific risks (e.g., hacks, regulatory issues). Access to DeFi and Staking: Off-exchange ETH can be used to participate in the vast Ethereum decentralized finance ecosystem or be staked to earn yield, activities not typically available directly on a centralized exchange. Preparation for OTC Trades: Large block trades are often executed off-exchange via OTC desks to minimize market impact, and withdrawing funds is a necessary step for this. For Binance: While $36.4 million is a significant sum, Binance manages billions in assets. This withdrawal is unlikely to have a material impact on its overall liquidity or operations, but tracking net flows (inflows vs. outflows) on exchanges is a metric used by analysts. For Ethereum and the Market: Potential Reduced Sell Pressure: ETH moved off-exchange is less likely to be immediately sold on the open market compared to ETH held on an exchange’s hot wallet. Signal of Confidence: Moving ETH for staking or long-term holding can be interpreted as a bullish signal, indicating confidence in Ethereum ‘s future value. Increased DeFi/Staking Participation: If the ETH is moved for these purposes, it contributes to the health and security of the Ethereum network. It’s crucial to remember that a single transaction, even a large one, is just one data point. Understanding the full context requires observing subsequent movements of these funds and looking at aggregate data across many whales and exchanges. Tracking Large ETH Movements: Leveraging On-chain Data The ability to track transactions like the one made by Abraxas Capital is a powerful feature of public blockchains like Ethereum . On-chain data analytics platforms, such as Lookonchain, process this publicly available information to identify and report on significant transfers involving large wallets or known entities. How On-chain Data Helps: Transparency: Provides visibility into asset flows that is impossible in traditional finance. Whale Watching: Allows tracking the activity of large holders, who often have significant market influence or early information. Identifying Trends: Aggregating data from many large transactions can reveal broader trends in investor behavior (e.g., accumulation phases, distribution phases, shifts towards DeFi). Security Monitoring: Helps identify potentially suspicious activities or large movements associated with hacks or exploits. However, interpreting on-chain data requires caution. While we can see *what* happened (ETH moved from A to B), we cannot definitively know *why* without further information. A withdrawal could be for staking, selling, lending, or simply changing custody solutions. Actionable Insights from Whale Activity While not financial advice, observing the actions of large players like Abraxas Capital through on-chain data can offer insights for other market participants: Consider Security: The move highlights the importance of self-custody for significant holdings. Consider the benefits and challenges of keeping funds off-exchange. Stay Informed: Follow reliable on-chain data sources to monitor large movements and understand potential shifts in market dynamics. Context is Key: Don’t overreact to single transactions. Look for patterns, aggregate data, and consider the broader market context. Explore Off-Exchange Opportunities: Understand why entities might move funds off exchanges (staking, DeFi) and research if these opportunities align with your own investment goals. The benefits of tracking such movements lie in gaining a deeper understanding of market structure and participant behavior, rather than using them as direct buy/sell signals. Conclusion: A Glimpse into Whale Strategy The withdrawal of 13,771 Ethereum by Abraxas Capital from Binance is a prime example of the significant capital movements that occur daily in the crypto ecosystem. Tracked via on-chain data , this crypto withdrawal offers a valuable glimpse into the potential strategies of large holders. Whether this move is a precursor to staking, participation in DeFi, an OTC trade, or simply a change in custody, it underscores the transparency of blockchain technology and the importance of monitoring whale activity for those seeking to understand market dynamics. While the exact reasons remain speculative, the action itself is a clear signal of a major player making a deliberate move regarding a substantial Ethereum holding. To learn more about the latest Ethereum trends, explore our articles on key developments shaping Ethereum price action and institutional adoption . This post Ethereum: Massive $36.4M Abraxas Capital Withdrawal Sparks Binance Scrutiny first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin miner Solo CK achieved a rare feat by successfully mining block 899,826, earning a substantial reward of 3.151 BTC on June 5, 2025. This accomplishment highlights the challenges and
Trillions of Shiba Inu (SHIB) from major market maker stuns Coinbase — What's happening?
Circle, the issuer of the USDC stablecoin, has raised $1.1 billion in its initial public offering (IPO), which was priced above expectations. The development comes as the U.S. Congress is currently reviewing federal legislation on stablecoins. Circle’s Valuation Could Hit $6.2 B According to a Bloomberg report , Circle’s IPO is likely to price above its marketed range after attracting demand for more than 25 times the number of shares available in the upsized deal. Based on figures in the company’s latest filing with the U.S. Securities and Exchange Commission (SEC), the stablecoin issuer and several of its backers planned on raising $896 million at the top of the $27 to $28 price range. People familiar with the matter revealed that Circle and the selling shareholders are offering 32 million shares in the deal. Notably, this figure is up from 24 million shares provided earlier at $24 to $26 each. They also said that most shares will go to investors who plan to hold the stock long-term. However, deliberations are ongoing, and the company may still price the investment within the original range. CoinGecko data shows that Circle’s USDC had about a 29% share of the stablecoin market as of March this year. At the high end, the firm would have a market cap of nearly $6.2 billion. Bloomberg estimates show that when factoring in options, restricted stock units, and warrants, its fully diluted valuation would also rise to around $7.2 billion. The anonymous sources also indicated that the IPO will be priced on Wednesday evening in New York. Meanwhile, JPMorgan Chase, Citigroup, and Goldman Sachs are serving as lead underwriters. The offering is expected to begin trading on the New York Stock Exchange under the ticker symbol CRCL. ARK and BlackRock Show Interest The IPO has allegedly already attracted interest from major investors. The report notes that ARK Investment Management, led by Cathie Wood, showed intentions of acquiring up to $150 million in shares. On the other hand, BlackRock plans to buy about 10% of the offering. This development coincides with growing attention in Washington on stablecoins as lawmakers push forward legislation to govern the sector. Two key bills, the STABLE Act and the GENIUS Act, are currently advancing through the House and Senate. On April 2, the U.S. House Financial Services Committee passed the former, which now needs to get a full House vote and then a Senate vote in its next stages of approval into law. Meanwhile, the latter advanced in a 66-32 Senate vote on May 20 and will now proceed to the next legislative stage. If enacted into law, these bills would give stablecoins greater legitimacy, encouraging institutional adoption while mitigating risks associated with unregulated digital currencies. The post USDC Issuer Circle Raises $1.1B in Its IPO (Report) appeared first on CryptoPotato .
The head of research and co-founder of financial services firm Fundstrat says that many people continue to have reservations about stocks despite positive signals in the market. In a new interview on CNBC’s Closing Bell, Tom Lee says that there are still a number of people who are hesitant to engage with the equities market, regardless that the S&P is doing well and many investors are bullish. “In our calls and Zooms with portfolio managers, many are still cautious because they see tariff risks ahead, and they don’t have tariff resolution in hand. They can’t get bullish. I think the feedback we get from a lot of folks is that they think stocks shouldn’t be rising.” Lee says indicators hint at a bullish trajectory for the market. “I would say given the amount of cash on the sidelines, the fact that short interest is going up, and we have a quiet week and markets are rallying, I think the risk is now of a substantial leg-up rally from here.” He says that tariffs matter, but the higher rates will not have critical effects on the economy. “Remember, before February, before Trump sort of talked about this, the base case for many was a 15% tariff. Let’s say that we’re going to end up at 10%. That’s 10% on 15%, which is imports, which is about a 1% GDP effect. That’s not that different from oil going from $40 to $80. We wouldn’t say $80 oil breaks the economy anymore, so I think tariffs – we have to adjust to it, but it’s not the thing that takes us to 4000 S&P anymore.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post ‘Substantial Leg-Up Rally’ Coming for Stock Market, According to Fundstrat’s Tom Lee – Here’s Why appeared first on The Daily Hodl .
Coinbase introduces wrapped cbXRP and cbDOGE on its Base network. The wrapped coins facilitate low-fee DeFi transitions on Ethereum via Base. Continue Reading: Coinbase Boosts Base Network by Introducing cbXRP and cbDOGE The post Coinbase Boosts Base Network by Introducing cbXRP and cbDOGE appeared first on COINTURK NEWS .
Key Takeaways : POL price faces a bearish pressure around $0.21. . Polygon price prediction for 2025 expects the price of POL to surge toward $1.57. By 2031, we expect the POL price to record a maximum price of $13.01. Polygon, an Ethereum side chain and layer two scaling solution, has experienced substantial uptake by enterprises and industries in the last year. Consequently, numerous analysts eagerly anticipate the future valuation of its native cryptocurrency, POL. This raises the question: Can POL’s price reach $10? This forecast for Polygon’s price examines factors such as ecosystem trends, adoption rates, underlying technology, and technical analysis to project the POL price prediction from 2025 to 2031. Overview Cryptocurrency Polygon Ticker Symbol POL Rank 43 Current Price $0.215 Price change 24H -1.1% Market cap $2.48 Billion Circulating supply 10.42 Billion POL Trading volume 24h $129.53 Million (+3.9%) All-time high $1.29, March 14, 2024 All-time low $0.1533, April 7, 2025 POL price prediction: Technical analysis Metric Value Current Price $ 0.222089 Price Prediction $ 0.226188 (2.35%) Fear & Greed Index 0 () Sentiment Bearish Volatility 3.46% Green Days 14/30 (47%) 50-Day SMA $ 0.238671 200-Day SMA $ 0.302874 14-Day RSI 49 Polygon technical analysis: POL price faces consolidation around $0.21 POL price analysis shows a consolidation around $0.21 Resistance for POL is present at $0.2215. Support for POL/USD is present at $0.2005. The POL price analysis for 5 June confirms that POL faces increasing bearish volatility as it consolidates around $0.21. Currently, the bulls are aiming for a recovery above $0.21. POL price analysis 1-day chart: Polygon struggles around $0.21 POL price is facing a consolidation as both side traders struggle around $0..21. POL price dropped below immediate Fib channels; however, it is now aiming for a rebound above $0.21. The 24-hour volume surged to $5.6 million, showing increased interest in trading activity. The price is trading at $0.215, declining over 1.1% in the last 24 hours. POL/USDT price chart The RSI-14 trend line has dropped from its previous level and currently hovers around 42, showing that bears are aiming to control price momentum. The SMA-14 level suggests volatility in the next few hours. POL/USD 4-hour price chart: Bears aim for a hold below EMA trend lines The 4-hour POL price chart suggests POL continues to experience bearish activity around EMA lines, creating a negative sentiment on the price chart. As the price continues to face resistance near the Fib level, bears prepare for a domination by holding the price below the EMA20 trend line. POL/USD price chart. Image source: TradingView The BoP indicator trades in a positive region at 0.03, hinting that buyers are trying to build pressure near support levels and boost an upward correction. However, the MACD trend line has formed red candles below the signal line, and the indicator aims for a negative momentum, strengthening selling positions. POL technical indicators: Levels and action Daily Simple Moving Average (SMA) Period Value Action SMA 3 $ 0.223579 SELL SMA 5 $ 0.235802 SELL SMA 10 $ 0.237517 SELL SMA 21 $ 0.239282 SELL SMA 50 $ 0.238671 SELL SMA 100 $ 0.231929 SELL SMA 200 $ 0.302874 SELL Daily Exponential Moving Average (EMA) Period Value Action EMA 3 $ 0.237615 SELL EMA 5 $ 0.230883 SELL EMA 10 $ 0.219437 BUY EMA 21 $ 0.21493 BUY EMA 50 $ 0.239038 SELL EMA 100 $ 0.293292 SELL EMA 200 $ 0.368379 SELL What to expect from POL price analysis next? The hourly price chart confirms that bears are making efforts to prevent the POL price from an immediate surge. However, if POL’s price successfully breaks above $0.2215, it may surge higher and touch the resistance at $0.2385. POL Price Chart If bulls cannot initiate a surge, POL’s price may drop below the immediate support line at $0.2005, resulting in a correction to $0.1744. Is POL a good investment? POL token can be a good investment option in the long run as the project develops a roadmap for its Polygon 2.0 version. Polygon collaborates with diverse industries to enhance adoption, focusing on NFT solutions and Ethereum scalability. Partnerships include Starbucks for an NFT loyalty program and collaborations with Adidas, Prada, and Disney to develop NFT offerings. Why is the POL price down today? Following overall selling demand in the market, POL price faced increased bearish pressure around the $0.22 peak. As a result, sellers are aiming for a bearish consolidation around $0.2. What is the POL price prediction for 2025? The Polygon price prediction for 2025 expects the POL price to record a maximum level of $1.57. Will POL price touch $1? Yes, POL price might touch the $1 milestone by the end of 2025. However, this depends on the future market sentiment and buying demand. Will POL Price Reach $10? If everything remains good and POL gains regulatory recognition, its price might surpass $10 by 2030. Is POL a good long-term investment? As Polygon continues to expand its offerings, it gains a significant position in the altcoin market. Hence, POL can be a good long-term investment option. Recent news/ Opinions on POL The stablecoin activity on Polygon continues to grow as the transfers related to dApps/Protocols jumped from the low of $12B to $118B by April. Additionally, transfers related to P2P surged from the low of $3.3B to $4.7B in April. POL price prediction June 2025 Analysts expect a steady surge in crypto market prices in June month. We expect POL to record a minimum price of $0.17 and a maximum price of $0.35, with an average of $0.28 in June. POL Price Prediction Potential low Potential average Potential high POL Price Prediction June 2025 $0.17 $0.28 $0.35 POL price prediction 2025 Ethereum fees increase dramatically during a bull market, making it too expensive for regular cryptocurrency users. That’s why Polygon became popular during the last bull market. But this time, in 2025, Polygon has tougher competition from Arbitrum, Optimism, and Starknet. However, Polygon’s Proof of Stake (PoS) chain can handle up to 65,000 transactions per second (TPS) and is cheaper than chains like Arbitrum and Optimism. Hence, increasing adoption might drive up its price in 2025. In 2025, the price of Polygon is forecasted to reach a minimum level of $0.15. It’s anticipated to achieve a maximum level of $1.57, with an average price of $1.39 throughout the year. POL Price Prediction Potential low Potential average Potential high POL Price Prediction 2025 $0.15 $1.39 $1.57 POL Price Predictions 2026-2031 Year Minimum Price Average Price Maximum Price 2026 $2.07 $2.12 $2.39 2027 $3.03 $3.11 $3.60 2028 $4.28 $4.43 $5.36 2029 $6.08 $6.26 $7.41 2030 $8.93 $9.18 $10.51 2031 $11.22 $12.25 $13.01 Pol price forecast for 2026 Polygon has made PolygonzkEVM available to everyone, making it one of the first ZK Rollups to do so. This is a big step forward for Polygon and gives it an advantage. With its growing use by businesses, innovative technology, and past success, Polygon could reach a new all-time high in 2026. According to the forecast and technical analysis, Polygon’s price is expected to hit a minimum of $2.07 in 2026. The maximum price projection is $2.39, with an average value of $2.12. Polygon (POL) price prediction 2027 In 2027, one Polygon is anticipated to reach a minimum price of $3.03. The maximum projection for POL price is $3.60, with an average price of $3.11 for the year. Polygon price prediction 2028 For 2028, the price of Polygon is predicted to attain a minimum value of $4.28. The maximum value could soar to $5.36, with an average trading price of $4.43 throughout the year. Polygon price prediction 2029 In 2029, Polygon’s price is forecasted to bottom out at $6.08. The maximum possible level for POL price could hit $7.41, with an average forecast price of $6.26. Polygon (POL) price prediction 2030 Looking ahead to 2030, Polygon’s price is expected to reach a minimum of $8.93. The maximum projection is $10.51, with an average trading price of $9.18. Polygon price prediction 2031 For 2031, the price of Polygon is predicted to attain a minimum value of $11.22. The maximum value could soar to $13.01, with an average trading price of $12.25 throughout the year. POL Price Predictions 2025-2031 POL price prediction by experts Firm Name 2025 2026 Coincodex $3.56 $5.44 Digital Coin Price $2.84 $3.87 Changelly $2.01 $3.1 Cryptopolitan’s POL price prediction Cryptopolitan is bullish on POL’s future market potential. In 2025, the price of Polygon is forecasted to reach a minimum level of $0.15. It’s anticipated to achieve a maximum level of $1.57, with an average price of $1.39 throughout the year. By the end of 2031, the price of POL is anticipated to surge toward the high of $13.01, with an average trading price of $12.25. POL historic price sentiment POL price history | Coinmarketcap POL debuted in 2019, initially valued below a cent. Maintained a steady level of around $0.02 for the following two years. POL’s rebranding to Polygon in 2021 fueled growth, surpassing $1 in May and peaking at an all-time high of $2.92 on December 27. In 2022, POL struggled, falling below $1 in May, under $0.50 in June, briefly rebounding above $1 in August, and ending the year at $0.7585, down 70%. In the following year, 2023, Polygon saw mixed performance, breaking $1 in February but dropping to $0.5593 in June after Crypto.com news. It peaked at $0.8775 in July, fell to $0.4946 in September, and recovered to $0.9789 by November. POL rose from $0.8514 in January to $1.4 in March but declined below $0.8 by May and hit lows near $0.4 in June and July. It consolidated between $0.4 and $0.6 in August and September, briefly surging above $0.45. In October, it dipped to $0.39 but surged to $0.63 in November following Donald Trump’s victory, ending December bearish at $0.477. At the start of January 2025, POL opened the market at $0.4511; in February, it hovered between $0.3068 – $0.3455. However, by the end of February, the price of POL dropped toward $0.25. In March, the price of POL declined heavily as it dropped below the crucial $0.2 level. In April, the POL price continued to hover below $0.2. However, as the trade war between the US and China eased, POL price jumped above resistance levels and made a high at $0.26 near the end of April. In early May, the price of Polygon declined slightly, reaching the ground at $0.21. However, it later surged toward the high of $0.27 in mid May. In early June, the price of POL sharply dropped toward the $0.2 low.
BitcoinWorld HTX Jumps Two Spots to #8 in Kaiko’s Q2 Exchange Ranking SINGAPORE , June 5, 2025 /PRNewswire/ — HTX, a leading global cryptocurrency exchange, has officially ranked 8th in Kaiko’s Q2 2025 Global Spot Exchange Ranking, rising two positions from the previous quarter. This significant leap marks the strongest upward movement among the top 10 exchanges this quarter and underscores HTX’s growing global influence and robust platform performance. Kaiko, a trusted provider of institutional-grade crypto market data and indices, assessed 45 leading spot exchanges across six weighted dimensions: Governance, Liquidity, Technology, Business, Security, and Data Quality. HTX distinguished itself particularly in the Business and Technology categories, while maintaining top-tier performance in Security. Business Strength: Ranked Second in the Industry HTX secured the No. 2 position globally in the Business category, reflecting its exceptional product depth, operational scale, and innovation capacity. In April alone, HTX listed 14 new tokens covering trending sectors such as staking infrastructure and on-chain narratives. Standout performers included: STO, which saw a post-listing surge of 303% DARK (MCP narrative), up 246% HOUSE (Solana-based meme coin), up 176% HTX also became the first exchange globally to list USD1 (World Liberty Financial USD), a new entrant in the stablecoin space, further cementing its position as a first-mover in emerging asset classes. According to DeFiLlama, HTX achieved a net capital inflow of $472 million in April, the highest among global CEXs—surpassing competitors by 6–7x. In addition, CoinGecko’s 2025 Q1 Crypto Industry Report named HTX the only Top 10 exchange with positive spot trading growth, bucking broader market headwinds. Technological Excellence and Seamless User Experience HTX also ranked among the top performers in the Technology dimension, which Kaiko defines by factors such as platform uptime, API latency, and throughput under high-load conditions. HTX’s consistent system stability and ultra-low-latency infrastructure have enabled it to deliver a high-frequency trading environment trusted by both retail and institutional users. In Kaiko’s analysis, technological excellence is a core driver of user retention—and HTX’s performance reinforces its standing as a premium trading venue. Top-Tier Security HTX scored among the highest across the board in Security, thanks to proactive risk management and infrastructure investment. The exchange has maintained zero security incidents for 20+ consecutive months. Recent enhancements include: Multi-device login protections and anomaly transfer alerts Fireblocks Off-Exchange integration to strengthen institutional custody Expanded collaboration with global white-hat partners for 24/7 defense and continuous penetration testing HTX continues to set the industry standard for transparency, with 31 consecutive months of asset reserve disclosures. Its May 2025 Merkle Tree Proof of Reserves confirmed a 73% surge in USDT in April, followed by over 30% growth in May—clear proof of growing user trust and accelerating capital inflows. A Continued Commitment to Excellence HTX remains committed to upholding the highest standards in security, compliance, and market integrity while expanding access to new digital asset opportunities. This recognition by Kaiko places HTX firmly among the elite exchanges shaping the future of the crypto ecosystem. About HTX Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide. To learn more about HTX, please visit HTX Square or https://www.htx.com/ , and follow HTX on X , Telegram , and Discord . This post HTX Jumps Two Spots to #8 in Kaiko’s Q2 Exchange Ranking first appeared on BitcoinWorld and is written by chainwire
Coinbase has launched wrapped versions of XRP and Dogecoin, cbXRP and cbDOGE, on its Base Layer 2 Ethereum network, opening new cross-chain opportunities for both assets. Key Takeaways: Coinbase launched cbXRP and cbDOGE on Base, minting $7M worth of tokens in 24 hours. XRP remains range-bound between $2.17 and $2.28, with traders eyeing a potential breakout. Wrapped XRP and DOGE could boost DeFi utility and influence market liquidity. The U.S.-based exchange confirmed the rollout in a June 5 post on X, after previously hinting at the move last month. Both cbXRP and cbDOGE are backed 1:1 by XRP and DOGE held in Coinbase’s custody. The move enables these assets to be used across decentralized finance (DeFi) applications on Base. Coinbase Mints $7M Worth of Wrapped XRP and DOGE in First 24 Hours Within the first 24 hours, over 2.3 million cbXRP (worth roughly $5 million) and 10.4 million cbDOGE (worth about $1.9 million) were minted, according to Coinbase data. There may be fraudulent actors pretending to be cbDOGE and cbXRP. The Base contract addresses for these assets are: cbDOGE: 0xcbD06E5A2B0C65597161de254AA074E489dEb510 cbXRP: 0xcb585250f852C6c6bf90434AB21A00f02833a4af — Coinbase Assets (@CoinbaseAssets) June 4, 2025 The launch is part of Coinbase’s broader push to position Base as a leading Layer 2 solution. The chain offers lower fees and faster transactions, making it increasingly attractive for DeFi traders and developers. The exchange also noted that additional wrapped tokens, cbLTC and cbADA, are in development, with release timelines to follow. This is Coinbase’s latest expansion of its wrapped token strategy, following the launch of cbBTC in September 2024. That product has grown to a $4.7 billion market cap. Meanwhile, XRP traders are watching market action closely. The token has traded sideways for more than six months, with analyst Sjuu noting it has consolidated between $2 and $2.60 for roughly 190 days. Many expect a potential breakout after this prolonged range-bound activity. “Exactly! Patience pays off — $XRP is just gathering strength for a powerful move,” one X user said. Will $XRP ever get out of this never-ending range? Already trading here for 190 days! Seems like ages! Well, just remember, the longer the consolidation, the stronger the breakout! pic.twitter.com/c6RRccj0vv — Sjuul | AltCryptoGems (@AltCryptoGems) June 4, 2025 Dogecoin, which saw renewed interest earlier this year, could also benefit from improved onchain access via Base. As wrapped XRP and DOGE become more accessible in the DeFi ecosystem, traders will be monitoring whether the added utility could influence liquidity and price momentum. XRP Holds Above $2.18 Support as Traders Eye Breakout XRP is currently trading around $2.19 after a prolonged consolidation phase. The 2-hour chart shows the price stabilizing between $2.17 and $2.28, with Bollinger Bands tightening — typically a precursor to volatility. RSI on the 2-hour is at 42.30, indicating weak momentum and no clear directional bias. MACD is flat, hovering near the zero line, reflecting the sideways price action seen since mid-May. Zooming into the 1-hour chart, XRP remains in a slight downtrend from its May peak near $2.60. Current RSI is 37.74, approaching oversold territory, which could hint at a potential bounce if buyers step in around the $2.17–$2.18 support zone. MACD remains mildly bearish but shows signs of flattening. On the 1-minute chart, short-term action shows a small recovery off intraday lows, with RSI climbing to 56.21 and MACD flipping slightly positive — suggesting minor bullish momentum in the very near term. For now, key resistance lies around $2.23–$2.25. A decisive break above this range could open the door for a retest of $2.40. On the downside, if $2.17 fails, XRP could revisit the $2.05–$2.10 zone. The post Crypto Trader Alert: Coinbase Brings Wrapped XRP & DOGE Trading on Base appeared first on Cryptonews .