Ripple's $438M XRP move stirred fear, yet on-chain data reveals mixed signals for what comes next.
In the late-cycle quiet of mid-June, veteran market technician Tony “The Bull” Severino, CMT, posted a monthly Dogecoin (DOGE) chart that suggests the meme-coin’s exuberant bark might be fading into a tired whimper. The 1-month candle view, published on TradingView at 22:43 UTC+2 on 17 June 2025, fixes DOGE at $0.1694 — down roughly 2.3% on the session — and places three stark black arrows where prior macro-momentum crested, rolled, and ultimately bled into prolonged downside. Is Dogecoin Just Playing Dead? On the price pane, the first arrow sits at the January 2018 peak, when DOGE briefly tagged the two cent area before relinquishing nearly all of its gains. The second arrow marks the euphoric blow-off in May 2021, when the token spiked to just under seventy cents and then began an two year descent. The third arrow lands on the most recent cluster of lower monthly highs that capped out just under $0.26 last month and has since slipped back beneath the psychological twenty-cent threshold. Beneath the candles, Severino overlays his preferred long-term MACD (labelled “LMACD”) with default histogram. The indicator — blue for the fast line, orange for the signal line — records an almost metronomic rhythm: steep positive crossovers during parabolic advances, followed by equally dramatic bearish flips as buyers are exhausted. The histogram’s tallest green bars in early 2017 and early 2021 coincide with those price spikes; in each instance, once the histogram faded to neutral and turned red, DOGE entered a multi-year drawdown. Related Reading: Dogecoin Price Enters ‘Alarm Zone,’ Major Move Coming? Today, that pattern appears to be repeating. The blue LMACD line has just crossed below the orange signal line, printing a modestly negative histogram value of -0.0263 while the signal rests at 0.1704 and the LMACD itself at 0.1440. The configuration mirrors the early stages of the 2018 and 2022 downturns, the two previous rollover points Severino emphasizes with his arrows. In his own words, the monthly oscillator “looks like it wants to roll over and play dead,” hinting that the crossover may herald a deeper retracement toward historical support zones. From a structural perspective, DOGE is now trapped between the former cycle’s floor near the five-cent mark and overhead resistance at the late-202 swing high around $0.48. The waning momentum on the LMACD suggests bears maintain the upper hand unless fresh demand arrives quickly enough to invalidate the incipient bearish crossover. A decisive close below the April low near $0.13 would open the chart to vacuum-like territory, as low as the cycle bottom at $0.0491. Related Reading: Bear Signal Lingers On Dogecoin—Here’s Why That’s Bullish Severino’s analysis, while strictly technical, lands at a moment when broader crypto liquidity is thinning ahead of the summer doldrums and as risk appetite shows signs of fatigue across digital assets due to postponed hopes for the next rate cut by the US Federal Reserve and geopolitical tensions between Israel and Iran. For long-term traders who monitor momentum more than memes, the monthly crossover carries more weight than any viral tweet. History does not repeat exactly, but for Dogecoin holders it has rhymed with unsettling precision every time the LMACD has curled over from an elevated crest. Whether the canine-themed coin has truly curled up for a longer nap, or merely paused before another round of tail-wagging speculation, will depend on how price reacts should the histogram grow more negative in coming months. For now, the chart’s message is unambiguous: Dogecoin’s dominant trend has lost its pulse, and momentum traders may want to keep a close ear to the dog’s breathing before assuming it is only playing. At press time, DOGE traded at $0.168. Featured image created with DALL.E, chart from TradingView.com
The post GENIUS Act Will America the UNDISPUTED Leader in Digital Assets, Says Donald Trump appeared first on Coinpedia Fintech News Donald Trump is backing the GENIUS Act, a newly passed Senate bill focused on regulating stablecoins. He called it a brilliant step forward and urged the House of Representatives to pass it quickly, without adding anything new. Trump posted on Truth Social , saying this bill would make the United States the “undisputed leader” in digital assets and could bring major investment and innovation. He made it clear he wants the bill on his desk “lightning fast,” with “no delays, no add-ons.” GENIUS Act Sets First Stablecoin Rules The GENIUS Act, recently passed by the Senate in a 68-30 vote, is the first US bill focused on stablecoins, digital tokens tied to the US dollar. It calls for full 1:1 reserve backing, proper licenses, and strong anti-money laundering checks. The bill also limits how issuers can use reserves, aiming to prevent risky practices and protect consumers. While most House Republicans support regulating stablecoins, some are considering combining the GENIUS Act with a larger cryptocurrency bill. That broader package would define how digital assets are regulated across different agencies. However, Trump has warned against this approach, saying it would slow down progress and risk losing momentum. Senator Hagerty Wants Bill Signed Before July 4 Senator Bill Hagerty, who sponsored the bill, agrees with Trump’s call for speed. He hopes to have the law signed before the Fourth of July. He also warned that adding new parts or merging them with other bills could delay approval in the Senate, where 60 votes are needed. Political Tensions Still in Play Although the bill has passed now, some Democrats have still voiced concerns. Senator Elizabeth Warren claimed the bill could benefit Trump’s family due to their ties to stablecoin projects, such as USD1. Others, like Senator Mark Warner, raised issues but admitted that the US can’t afford to fall behind in the global digital asset race. While the bill is widely accepted, big institutions and banks are ready to enter once these rules come into effect. The goal is to make US dollar-backed stablecoins globally competitive, especially against Asian regulators. With Trump backing the bill, social media is buzzing with some excited for clear rules and new investment, while others worry about politics and rushing the process.
A growing wave of criticism is sweeping over Pump.fun, the Solana-based memecoin launchpad that’s pulled in about $741 million from users’ trades. According to blockchain data, the platform has been selling off its fee earnings in huge chunks since May 2024. Traders now wonder whether the site is built to serve them or simply to line its own pockets. Fee Extraction Scale According to analytics from LookOnChain, Pump.fun has sold around 4.1 million SOL tokens, raking in roughly $741 million at an average price of $180 each. It sent about 3.84 million SOL—worth nearly $699 million—to Kraken exchange. Another 264,373 SOL went for $41.64 million USDC. Those moves show just how much value the platform can pull out of its user base in a matter of months. User Losses Vs Platform Gains Based on reports, 13.55 million wallets have ever traded on Pump.fun. Yet only 293 of those have made over $1 million. At the other end, almost 100% of traders never see profits above $10,000. Pump Fun stole $741M in fees from crypto users We estimate over $20B has been extracted by scams alone The application is a disease responsible for mass killings and suicides on livestream -Deleting pump fun from the internet will be a net positive for the entire ecosystem https://t.co/e3YjuNoKcj — Crypto Bitlord (@crypto_bitlord7) June 17, 2025 Meanwhile, Pump.fun has handled more than $66 billion in trading volume since its January 2024 launch and is cranking out about 27,305 new tokens every single day. It charges a 0.25% fee on every trade and recently added a 0.05% revenue share for token creators. That tweak effectively rewards developers who dump tokens fast and vanish once they’ve banked their cut. Livestream Worries The platform’s live‑streaming feature has sparked the worst kind of headlines. Pump.fun paused livestreams in November 2024 after users aired extreme content meant to hype token prices. But in April 2025 it quietly turned streaming back on for 5% of its users, promising better moderation that hasn’t shown up yet. Hey @pumpdotfun there is currently someone using your livestreams to threaten to hang themselves if the coin does not reach a set marketcap. Absolutely heinous and It needs to come down + see if you can get them help. Shut down the livestream feature. This is out of control. — Beau (@beausecurity) November 25, 2024 Crypto influencer Crypto Bitlord has called Pump.fun a “ disease responsible for mass killings and suicides on livestream,” and he claims more than $20 billion has been lost to scams on the site. He’s even urged that Pump.fun be wiped off the internet for the good of the crypto community. Regulatory Roadblocks Pressure is building from all sides. X suspended Pump.fun’s official account and co‑founder Alon Cohen’s profile without spelling out why. Some say it’s due to API misuse or potential securities law breaches. A lawsuit already accuses the platform of selling unregistered securities in the guise of meme tokens. Plans for a $1 billion token sale at a $4 billion valuation now hang in the balance. With regulators circling and social media visibility gone, Pump.fun’s next moves will be critical—for both the business and the traders who’ve staked their funds on its promises. Featured image from CSIRO, chart from TradingView
BitcoinWorld Shiba Inu (SHIB): Two Critical Price Levels to Monitor, Dogecoin (DOGE): Has the Mini‑Golden Cross Been Cancelled?, XYZVerse: Indicative of a 5000% Surge Significant movements are happening in the cryptocurrency market. Shiba Inu is nearing important price points that could influence its future. Dogecoin’s anticipated upward trend faces uncertainty after recent fluctuations. Meanwhile, XYZVerse hints at a possible surge of 5,000%. This overview examines these developments to uncover what might be unfolding in the crypto space. $XYZ Unlocks the G.O.A.T. Status, Early Investors Positioned for Massive ROI XYZVerse ($XYZ) has brought a brand-new concept to the memecoin niche by blending the excitement of sports with the fast-moving energy of crypto. Designed for hardcore fans of football, basketball, MMA, and esports, this project goes beyond just being another token—it’s a growing community built around passion for the game. With the bold Greatest of All Time (G.O.A.T.) vision, XYZVerse is aiming higher than the average meme coin. And people are taking notice—it has recently earned the title of Best New Meme Project. What sets $XYZ apart? It’s not a short-lived trend. This project has a clear roadmap and a dedicated community focused on long-te rm growth. Fueled by the sports mentality , the $XYZ token has emerged as the ultimate contender ready to crush competitors. $XYZ is on its way to the winner’s podium to become a badge of honor for those who live and breathe sports and crypto. $XYZ Already Delivers Even Before Hitting the Market The $XYZ presale is underway, providing access to the token at a special pre-listing price. Launch Price : $0.0001 Price Now : $0.003333 Next Stage : $0.005 Final Presale Price : $0.02 Following the presale, the $XYZ token will be listed on major centralized and decentralized exchanges, with a target listing price of $0.10. If the project raises enough capital to support this valuation, early investors could see returns of up to 1,000x on their presale entries. So far, over $14 million has been invested, reflecting strong market interest. Notably, securing tokens at a lower presale price offers the potential for higher ROI upon launch. Demand for $XYZ is surging, driving rapid progress in the presale. Early buyers secure the lowest prices, maximizing their potential returns. Join $XYZ Presale Now and See Your Pennies Grow Into Millions! Shiba Inu Coin: The Memecoin Growing Beyond the Meme Shiba Inu (SHIB) is a cryptocurrency that began as a meme but has grown into more. Launched in August 2020 by an anonymous developer named Ryoshi, it runs on the Ethereum blockchain, allowing it to interact within the Ethereum ecosystem. To build trust, half of the quadrillion SHIB tokens were sent to Vitalik Buterin, Ethereum’s co-founder. Buterin donated a large amount to India’s Covid Relief Fund and burned 40% of the supply, boosting SHIB’s popularity and value. Because SHIB operates on Ethereum, it supports various applications. It has ShibaSwap, a decentralized exchange where users can trade tokens. Plans include an NFT platform and a governance system for holders to influence SHIB’s future. This gives SHIB potential beyond being a meme coin. In today’s market, SHIB stands out by combining fun with real utility. Compared to other coins, its growth and active community make it appealing. Market trends favor projects with real uses, so SHIB might be attractive for crypto enthusiasts. Dogecoin Unleashed: Can a Meme Coin Change the Crypto Game? Dogecoin began in 2013 as a joke, using the Shiba Inu dog meme as its logo. Unlike Bitcoin’s scarcity, Dogecoin is abundant, with no maximum supply and 10,000 new coins mined every minute. Initially seen as a “memecoin,” its value surged in 2021, becoming a top ten cryptocurrency with a market cap over $50 billion. This rise was fueled by social media influence, especially from Elon Musk. Created by Billy Marcus and Jackson Palmer for fun, Dogecoin’s popularity shows the power of community and social media on financial markets. Does Dogecoin have potential now? Its technology is based on Litecoin, making it fast and cheap. Critics say it lacks development versus other coins. Yet, its strong community and celebrity backing keep it in the spotlight. While investors often focus on Bitcoin and Ethereum for utility and growth, Dogecoin’s low price attracts attention. If the crypto market surges again, Dogecoin might rise too. However, it’s volatile and risky. Compared to other coins, Dogecoin is unique for its meme origins and social media power. Whether it stays a joke or becomes serious is uncertain. Conclusion While SHIB and DOGE show promise, XYZVerse stands out by uniting sports fans and aiming for 20,000% growth, positioning itself as the G.O.A.T of memecoins. You can find more information about XYZVerse (XYZ) here: https://xyzverse.io/ , https://t.me/xyzverse , https://x.com/xyz_verse This post Shiba Inu (SHIB): Two Critical Price Levels to Monitor, Dogecoin (DOGE): Has the Mini‑Golden Cross Been Cancelled?, XYZVerse: Indicative of a 5000% Surge first appeared on BitcoinWorld and is written by Keshav Aggarwal
Summary Coinbase delivered respectable YoY revenue growth despite Q1 headwinds, with strong performance in subscription and services revenues, especially from stablecoin. QoQ transaction revenue declines appear temporary, as the rebound in crypto prices should drive stronger results in upcoming quarters. Valuation remains attractive, with the P/S ratio well below early 2024 highs, presenting a favorable entry point for investors. Technical indicators suggest current weakness is likely consolidation, with long-term momentum and fundamentals supporting a bullish outlook. Seeking Alpha With the price of Bitcoin ( BTC-USD ) more than recovering from its February to April decline, Coinbase Global, Inc. (COIN) has also rallied significantly off its early April lows. Early April was when my previous article on this company was written, and the stock has seen gains of nearly 70% since that buy rating. That outpaced the S&P500's around 20% gain during this period. In this article, I'm here to determine whether the stock likely has room to run or whether now would be a good opportunity to take some profits. YoY Growth Is Acceptable Coinbase Q1 Shareholder Letter Let's begin with a discussion of their 2025 Q1 revenues. Coinbase reported total revenues of $2.0343 billion, representing growth of 24.2% YoY. Still, this underperformed expectations by some margin as they missed by $43.95 million. After subtracting $74 million of corporate interest and other income, net revenues were $1.9603 billion, up 23.5% YoY. This shows the core business grew slightly slower than what the total revenue figure had indicated. In QoQ terms, total revenues did contract by 10.4%, however. Headwinds Pressure Transactions Coinbase Q1 Shareholder Letter Total transaction revenues saw significant QoQ declines of 19% as they cited a poor backdrop. They attributed this weakness to a wipe-out of 19% in total crypto market cap from the end of Q4 to the end of Q1. As you can see above, transaction revenues were still able to see healthy YoY gains of 17.2%, however, and so the company still performed respectably amid the crypto rout. Consumer transaction revenues saw major QoQ declines, as they dropped 19% to $1.1 billion. In terms of trading volume, you can see that there were notable QoQ declines for both Consumer and Institutional clients. Consumer volume dropped by 17.0% while Institutional volume dropped by 8.7%. Still, both categories saw significant YoY increases, and so I would say the long-term direction of the business remains strong. Stablecoin Leads The Way Coinbase Q1 Shareholder Letter Coinbase Q1 Shareholder Letter Subscription and services revenue saw better performance overall, as there were both QoQ and YoY gains. They reported revenues of $698 million, up 9% QoQ and 36.6% YoY. Within this segment, Stablecoin revenues saw a particularly strong Q1, as QoQ growth of 32% to $298 million was reported. YoY gains exceed 50%. They attribute this to "average USDC held in Coinbase products increased 49% Q/Q to $12.3 billion, driven by longstanding efforts to better integrate USDC across our product experience and our rewards program." Therefore, I believe these results show that their strategy is paying off handsomely. As shown above, off-platform USDC hit $42 billion, as they saw growth of 39% QoQ as they cited "growth in USDC usage across onchain dapps, and expanded distribution partnerships." Blockchain rewards revenue and interest and finance fee income saw modest QoQ declines of 9% and 4%, respectively, while other subscription and services revenue increased 5% QoQ. Their stablecoin business was clearly the highlight here in my view. Revenues Are Resilient Data by YCharts After that Q1 discussion, I believe a zoom out view of where things are at would be of value to readers. Revenues are overall in quite a strong position despite QoQ declines as they are at the second-highest level in the past three years. As for YoY revenue growth, the slowdown from Q4 was considerable but still, revenue growth is at around the average of the past few years. In addition, I believe that this deceleration in growth could just be temporary, as the rebound in Bitcoin and other crypto prices should boost its transactions business in the next few quarters. Guidance Is Mixed Coinbase Q1 Shareholder Letter They don't provide guidance for their transaction revenue, but they did say that generated $240 million in April. Spot transaction volumes were down 12% MoM, basically in-line with the global spot volume declines of 13%. For May and June, I expect considerably stronger transaction results due to the major rebound in crypto prices. They are projecting transaction expenses to be in the mid-teens percentage range of net revenues, which would in-line with Q1's 15%. For subscription and services revenue, they are expecting between $600 million and $680 million. At the midpoint, this would represent QoQ declines of 8.3% but YoY gains of 6.8%. Obviously, QoQ declines shows expected weakness in this segment after strong Q1 results. YoY growth slowing from around 37% to the mid single digits shows that the longer-term trajectory of this segment may slow. Technology & Development + General & Admin expenses are expected to drop slightly QoQ at the midpoint, as they reported $749.7 million in Q1. As for Sales and Marketing expenses, the midpoint of guidance at $265 million is a moderate increase from $247.3 million in their Q1. As a whole, the guidance that they provided for subscriptions and services was a bit weaker than desired, but I believe a rebound in transactions could potentially more than offset those QoQ declines. Valuation Remains Attractive Data by YCharts The P/S ratio has rebounded from lows of around 6.0 earlier this year but in the grand scheme of things, the multiple is not at an elevated position when compared to the peak in early 2024. I believe this current valuation provides opportunity for investors. Q1 results were overall a bit weaker than expected, but that was mainly a result of crypto weakness and not problems with the company itself. QoQ transaction revenue declines are temporary in my view, and these headwinds already seem to have dissipated as Bitcoin has more than recovered from its stretch of weakness. In their guidance, it was shown that subscription and services revenue growth could slow YoY in their Q2, but the likely bounce back in transactions should highly offset those effects on company-wide net revenues. Overall, Coinbase seems well positioned, despite headwinds unfavourably affecting their Q1 results. Therefore, the significant contraction in the P/S ratio from a far above 20 reading in early 2024 to a current level of 9.868 shows that the stock is still at a relatively attractive entry price. Currently, there are no directly comparable companies to Coinbase that are publicly traded, and so I will leave this valuation discussion at that. Stock Is Likely Consolidating Yahoo Finance Let's conclude today's discussion with a brief look at Coinbase's technicals. Firstly, a death cross occurred between the 50-day SMA and 200 day SMA back in early April, but the deviation between the lines has been closing since early May. Therefore, downward momentum has been receding. In fact, a golden cross seems achievable in the near future. The stock did rally back above the 200-day SMA back in early May as a key sign of long-term strength as well. For the near term, the stock did drop a hair below the Bollinger Bands midline on the most recent trading day, and so there may be some weakness. In addition, the MACD line is currently below the signal line after a bearish crossover in late May. This period of weakness may be just consolidation, however, as the RSI has remained above 50 for the most part. Currently, the RSI has a reading of 54.68 and so the bulls seem to be holding on to control of the stock by a modest margin. My Take The stock has had an incredible run since my buy rating in early April. I believe maintaining the buy rating at this point would be appropriate. Q1 earnings show the effects of crypto headwinds that were uncontrollable for Coinbase. The company's stablecoin business came through as subscription and services revenue managed both YoY and QoQ gains. Total revenue growth did slow considerably YoY, and guidance was a bit weaker than desired for their subscription and services segment. However, as discussed earlier, I expect the rebound in crypto prices to boost transaction revenues in the coming quarter. This should help to strongly offset this potential weakness. The valuation remains attractive in my view as the P/S ratio is still far off the 2024 peak despite the recent rebound. Lastly, the technicals likely show a consolidation phase and so further gains are possible from here especially with the SMAs showing long-term strength improving. As a result of this analysis, Coinbase remains a buy in my view.
BD Multimedia, a leading French fintech firm, has successfully secured €1 million via the issuance of convertible bonds (OCA) to advance its innovative “BTC Finance Company” initiative. The raised capital
The SEC sat down with JPMorgan to explore bold crypto regulations that promise to overhaul capital markets, streamline clearing, and reshape the future of global finance. Crypto Regulation Frameworks in Focus as SEC and JPMorgan Hold Talks The U.S. Securities and Exchange Commission (SEC) has published a memorandum of the Crypto Task Force meeting log
A new report by CryptoQuant ranks the transparency of five major crypto exchanges based on their proof-of-reserves (PoR) practices. The analysis revealed that Binance is leading, while other players like Bybit, OKX, Kraken, and Coinbase are trailing. The PoR Rankings The survey evaluated each exchange’s reserve ratio, a metric calculated by dividing the net customer balance by the platform’s total balance. Binance ranked first in transparency, consistently maintaining a coverage level above 100% and releasing its PoR reports on a monthly and timely basis. OKX followed closely behind, also reporting a capital backing rate that remains above 100%. However, the figure is slightly below Binance’s. The exchange also publishes its disclosures monthly and without delay. Bybit came in next on the list, with a reserve ratio ranging between 105% and 115%. The platform recently improved its disclosure practices by shifting from bi-monthly to monthly reporting. CryptoQuant gave Kraken the fourth spot, with the exchange maintaining backing figures above 100%. However, it has only published four reports since November 22, 2022, with CQ’s analysis highlighting the need for more regular updates. Coinbase is ranked last, as the exchange has not published any PoR report. Analyst Maartun described this trend as a major shortcoming, especially given the company’s size and market position. Coinbase Fails to Reveal Reserves The CryptoQuant quick take noted that Binance and OKX are currently setting the industry standard due to their strong reserve coverage and consistent, on-time reporting. Despite a few gaps that need to be filled, Bybit and Kraken are also making progress. However, Coinbase stood out as the only exchange among the five reviewed that has yet to offer any PoR data. Proof-of-reserves is a method used by crypto exchanges to show that they hold enough digital assets to cover customer deposits. The transparency measure became popular among institutions after big crypto platforms like FTX and Mt. Gox collapsed, leaving investors unsure whether their funds were safe. Despite growing adoption, the practice has also been criticized by some notable crypto industry figures. Strategy’s Michael Saylor recently called it a “ bad idea .” He argued that disclosing wallet addresses, often part of the PoR process, introduces serious security risks. According to the Bitcoin enthusiast, no professional security team would recommend making wallet structures public. He further claimed that if AI were asked to evaluate the risks posed by the practice, it would produce 50 pages of potential threats. The post Binance, OKX Set Transparency Standard with PoR Reports as Coinbase Lags: CQ appeared first on CryptoPotato .
The post XRP Price Prediction For June 19 appeared first on Coinpedia Fintech News The price of XRP has been moving sideways lately, showing very little momentum in either direction. On the daily chart, XRP has been stuck in a narrow range for about a week, bouncing between $2.15 and $2.35. Traders are watching closely to see which way the price might break next. Currently, indicators like the MACD show a flat trend, meaning there’s no clear strength from buyers or sellers. This suggests that the price could continue moving sideways for a little while longer. According to analysts, a key support level is at $1.79. If XRP falls below this point, it could trigger more selling pressure and weaken the current positive outlook for the coin. However, as long as XRP stays above this level, there’s still hope for a future upward move. The next important resistance level is at $2.34. A break above this price would be a positive sign and could signal the start of a new rally. For now, though, such a breakout isn’t expected unless there’s a major event in the market — like an important decision from the U.S. Federal Reserve, which often causes price swings across the crypto market. In short, XRP is currently moving in a sideways pattern without much momentum, and traders should keep an eye on the $1.79 support and $2.34 resistance levels for the next possible move. A Big Move Soon? Analyst Casi Trades said that after months of moving in a tight range, XRP is now at a crucial point where a big move is expected soon. From here, the price will either break out strongly to the upside or dip sharply one last time before bouncing back. “What makes this moment even more critical is the timing. It’s mid-week, Wednesday, this is when sentiment tends to flip. We’ve seen it before many times at the end of consolidation: a sharp fakeout that recovers by the macro close, leaving most people behind,” she said.