Ripple Backs XRP Ledger Startups in Japan With up to $200K per Project
Ripple Backs XRP Ledger Startups in Japan With up to $200K per Project
Ripple ignites Japan’s Web3 future with major funding push for XRP Ledger startups, targeting DeFi, tokenized assets, and digital payments. Ripple Sparks XRPL Wave in Japan With $200K Support Plan per Project Ripple Labs announced on June 9 that it has entered a partnership with Web3 Salon, a project supported by the Japan External Trade […]
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Bitcoin Set For Dramatic Repricing As Wall Street Piles In: Cathie Wood
Appearing on the Diary of a CEO podcast, ARK Invest founder Cathie Wood said that the “green-light” approval of spot-Bitcoin exchange-traded funds in January 2024 has only just opened the gates to what she called an “institutional land-rush” for the asset. “Institutions have barely started committing,” she told host Steven Bartlett, adding that they control […]
- NEWSBTC
Bitcoin & Ethereum Diverge—ETF Flows Just Flipped The Narrative
Data shows the demand for spot exchange-traded funds (ETFs) has cooled off for Bitcoin, while Ethereum has continued to attract inflows. Bitcoin Has Ended A Streak Of Positive ETF Flows In a new thread on X, the on-chain analytics firm Glassnode has talked about how the total balance of the US spot ETFs has changed for Bitcoin and Ethereum recently. The spot ETFs refer to investment vehicles that provide an alternate means of gaining exposure to a cryptocurrency’s price movements in a manner that’s familiar to traditional investors. Related Reading: Crypto Suffers $1 Billion Flush As Musk-Trump Feud Shakes Bitcoin These ETFs are a relatively new presence in the sector, but they have gained sufficient popularity to become a key part of the market. Investors who previously avoided digital assets due to the perceived complexity of wallets and exchanges can now invest through ETFs, which trade on traditional exchanges. The US Securities and Exchange Commission (SEC) approved the spot ETFs for Bitcoin back in January 2024. They got approval for Ethereum half a year later, in July 2024. First, here is how the balance held by the spot ETFs has changed for Ethereum since their inauguration: As displayed in the above graph, the total balance of the Ethereum spot ETFs has been on the rise recently. In fact, the cryptocurrency has now seen four straight weeks of net inflows. In all, 97,800 ETH have entered into the wallets associated with these ETFs during this green netflow streak. Though despite the continuous inflows, their total holdings are yet to hit the 3.81 million ETH peak from February, as they currently sit at 3.77 million ETH, about 41,000 tokens lower. “Accumulation is steady, but room remains for further upside,” notes Glassnode. Bitcoin has also seen growth in its spot ETF holdings recently, but unlike Ethereum, the number one digital asset saw the metric surpass its high from February last month. That said, while the Bitcoin spot ETFs were enjoying inflows until very recently, the trend has changed during the past week as net outflows have occurred instead. This has been the first negative week in eight for the BTC ETFs. “Total holdings are now 1.20M BTC, down ~11.5K BTC from the late-May peak,” explains the analytics firm. “A pause in demand after a strong run-up – watch for signs of re-acceleration.” Related Reading: Bitcoin RSI Dips Below 30—Is A New All-Time High Next? It now remains to be seen how things will develop in the coming days for the top two cryptocurrencies and whether the divergence that is starting to develop between them will only take further hold. BTC Price Bitcoin has seen a jump of about 2% during the past day and has recovered to $107,600. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Ray Dalio Warns US Collapse Near as Debt and Discord Intensify
Billionaire investor Ray Dalio warns the U.S. is nearing a catastrophic breaking point, as spiraling debt, social division, and fiscal dysfunction mirror pre-civil war historical collapse. Ray Dalio Predicts US Breakdown as Debt Soars and Unity Cracks Billionaire hedge fund manager Ray Dalio shared a lengthy post on social media platform X on June 9, […]
Bitcoin Taps $110K as Crypto Market Erupts With Billions in Fresh Volume
The price of bitcoin barreled past the $110,000 mark, notching an intraday peak of $110,587 per coin. With that move, the top digital currency now commands a market cap of $2.19 trillion—taking up 63.8% of the $3.44 trillion crypto economy. At the time of writing, at 7:30 p.m. Eastern time, bitcoin is changing hands for […]
Bitcoin Holds Strong Above Bull Market Support Band – Analyst Warns Caution After 900+ Days Up
Bitcoin is holding strong above the $105,000 level after a week of volatility and uncertainty that saw the price briefly dip to $100,000. Now up 6% from last week’s low, BTC appears poised to make another attempt at breaking through the key $110,000–$112,000 resistance zone — a level that has capped upside momentum over the […]
- NEWSBTC
Ethereum Weekly Structure Tightens – Tower Top Pattern In Play?
Ethereum has pulled back roughly 14% since the last week of May, but it’s holding firm above the critical $2,400 support zone. Despite recent volatility across the crypto market, ETH’s ability to defend this level has kept hopes alive for a potential recovery. Analysts are closely watching Ethereum’s next move, as the asset still trades well below its yearly highs, offering room for upside if momentum returns. Related Reading: Ethereum Consolidates Below $2,800 – Bulls Need This Level To Trigger Next Leg Up Since the start of the year, Ethereum has faced steep declines and inconsistent follow-through on bullish setups. However, many believe ETH is now positioned to recover lost ground — if bulls can reclaim the $2,800 resistance and flip it into support. A breakout above that level would likely open the door for a broader altcoin rally. Top analyst Big Cheds weighed in on the current structure, noting that Ethereum’s weekly chart printed its fourth small-bodied candle in a row — a classic sign of indecision. According to Cheds, ETH “still looks pre-tower top,” suggesting a potential trend shift may be forming. Ethereum Holds Ground As Bulls Face Critical Resistance Ethereum has managed to hold strong above key support levels despite several weeks of market-wide pullback and volatility. Trading above the $2,400–$2,500 zone, ETH has shown resilience while many altcoins have lost momentum. This range has become a critical battleground, with bulls now needing a clean breakout above the $2,800 mark to confirm a return to a bullish phase and potentially kick off the next leg higher. But while the technical structure remains intact for now, macroeconomic headwinds are building. US Treasury yields continue to rise as markets brace for prolonged high interest rates, signaling tighter financial conditions ahead. Combined with ongoing geopolitical uncertainty and sluggish global growth expectations, these factors continue to weigh heavily on risk assets, including crypto. Adding to the cautious tone, top analyst Big Cheds recently highlighted Ethereum’s weakening weekly momentum. According to Cheds, ETH is heading for its fourth consecutive small-bodied weekly candle — a signal of indecision that typically precedes major moves. He notes that the current setup looks pre-tower top, a classic bearish formation that often marks exhaustion at the top of a trend before a sharp reversal. This puts Ethereum at a critical juncture. A decisive breakout above $2,800 would invalidate the bearish scenario and strengthen the case for recovery toward the $3,000–$3,200 range. On the other hand, continued weakness and a failure to gain traction could trigger renewed selling pressure, especially if macro conditions worsen. As Ethereum trades within a tightening range, the next few weeks will be crucial. Whether bulls can flip resistance or bears regain control will likely determine the direction for ETH and the broader altcoin market heading into Q3. Related Reading: Bitcoin And Ethereum Defend Key Moving Averages – Bullish Signal Or Temporary Relief? ETH Reclaims Short-Term Support But Faces Overhead Pressure Ethereum is trading at $2,539 on the 4-hour chart, showing a modest rebound of +1.86% on the day. After briefly dipping below its 200 SMA ($2,511), ETH has reclaimed this key level and is now pushing toward the cluster of shorter-term moving averages — including the 34 EMA ($2,528), 50 SMA ($2,543), and 100 SMA ($2,565). This area represents immediate resistance, and how ETH reacts here will likely determine the next short-term trend. Since early May, ETH has been trading in a wide consolidation range between $2,400 and $2,800. The recent price action suggests ongoing indecision, with lower highs forming and strong support holding near the 200 SMA. Volume remains relatively muted, indicating a lack of strong directional conviction. Related Reading: Solana Key Indicator Flashes Buy Signal On Daily Chart – Rally Ahead? For bulls, reclaiming and holding above the 100 SMA is crucial for breaking out of the current range and targeting the $2,700–$2,800 region. On the downside, a loss of the 200 SMA could lead to a swift retest of $2,430 and potentially deeper downside. Featured image from Dall-E, chart from TradingView
Bain Capital Crypto Leads $30M Investment in Turnkey
Crypto infrastructure company Turnkey announced a $30 million Series B funding round on June 9, 2025. Crypto Infrastructure Firm Turnkey Secures Fresh Funding On Monday, the firm’s boss Bryce Ferguson disclosed that Bain Capital Crypto led the investment. Additional participants in Turnkey‘s funding included Sequoia Capital, Lightspeed Faction, Galaxy Ventures, Variant, and Wintermute Ventures. This […]