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Despite a wider correction in the crypto market, some altcoins are surging this week, with SPX, WBT, and HYPE leading the charge among top gainers. SPX has jumped over 100% in the past 30 days, solidifying its role as a major meme coin.

WhiteBIT Token (WBT) hit a new all-time high above $38, showing strong momentum despite a broader market pullback. Meanwhile, HYPE continues to dominate the perpetuals market, trading near record highs as its market cap pushes it into the crypto top 10.

SPX6900 (SPX)

SPX has been one of the standout performers among meme coins over the past month, with its price soaring nearly 102% in the last 30 days and another 28% just in the past week.

With a market cap of $1.34 billion and a 24-hour trading volume of $138 million, SPX has firmly established itself as a major player in the meme coin sector.

From a technical perspective, SPX’s EMA lines remain bullish, with short-term averages still above long-term ones—although the gap between them is starting to narrow.

This suggests some weakening in upward momentum, making the support level at $1.22 a key zone to watch. If that level breaks, price could retrace further toward $0.99 and potentially $0.90.

However, if bullish sentiment holds and volume picks up, SPX could retest and possibly break its resistance at $1.74, opening the door for another leg higher.

Whitebit Coin (WBT)

WhiteBIT Coin (WBT) defied the broader market downturn to set a new all-time high above $38, making it the top-performing coin of the day.

With a 13% gain in the last 24 hours and nearly 23.5% over the past week, WBT has shown notable resilience and strong investor interest despite overall market weakness.

Looking ahead, if bullish pressure continues and market conditions stabilize, WBT could target the psychological levels at $40 and potentially $45.

However, short-term caution remains warranted, as the nearest support at $32.22 will be key to maintaining the current uptrend. A break below that level could trigger further downside toward $30.86.

Hyperliquid (HYPE)

Hyperliquid’s native token, HYPE, has been trading near all-time highs over the past several days, currently hovering around $40 after briefly touching levels close to $44.

The token is up nearly 64% over the past 30 days, placing it among the top 10 cryptocurrencies by market cap when excluding stablecoins and wrapped assets. This surge reflects Hyperliquid’s dominance in the perpetuals trading space, with the protocol now capturing 76.9% market share—up from 63.7% in December 2024.

From a technical standpoint, HYPE still shows strong bullish momentum, supported by its recent listing on Binance US and ongoing speculation around a potential Binance listing.

If the rally continues, the token could soon break above the $45 mark. However, if price starts to cool and the $38.2 support level is lost, a drop toward $32.63 becomes more likely.

The post This Week’s Largest Altcoin Gainers: How Far Will These Tokens Go? appeared first on BeInCrypto.

Defunct crypto firms FTX and Alameda Research have moved $10.3 million worth of Solana (SOL) to 30 blockchain addresses, continuing their methodical liquidation of digital assets.

The transfer, carried out on June 13, was flagged by on-chain analytics platform Arkham Intelligence.

FTX Shifted Over $1 Billion in Staked Solana Since November 2023

Blockchain researcher EmberCN confirmed the activity and noted that the firms had recently unstaked 188,000 SOL, worth around $31.5 million. A portion of those tokens has already been redirected to the new addresses.

Meanwhile, these transfers follow a consistent pattern observed since November 2023, where both entities have routinely offloaded large volumes of SOL.

Since then, EmberCN noted that the bankrupt firms have moved over 8.4 million SOL, amounting to more than $1.09 billion.

Most of these tokens reportedly moved at an average price of $130 and were often routed through major exchanges such as Binance and Coinbase, suggesting active selloff. Market observers noted that these are part of efforts to reimburse creditors following their bankruptcy in 2022.

However, despite the consistent outflows, the estate still holds a significant amount of Solana. FTX still has about 5.29 million SOL, valued at over $775 million, remaining under its control, with 5.05 million locked in staking contracts.

Meanwhile, the recent Solana transactions come as FTX continues disbursing funds under its approved Chapter 11 reorganization plan.

The bankrupt estate has completed two payment phases to former customers and investors in recent months. The failed firm paid approximately $1.8 billion in February to creditors, followed by an additional $5 billion in May.

Moreover, FTX recently added Payoneer to its list of distribution partners. This move complements existing custodians Kraken and BitGo and aims to streamline the repayment process while expanding global reach.

Analysts suggest this inclusion aims to help users in jurisdictions where crypto custodian limitations previously delayed access to funds.

Still, many creditors in countries like Russia, China, Egypt, and Nigeria remain blocked from receiving payouts. These users made up a sizable portion of FTX’s customer base before the exchange collapsed.

The post FTX Sends Fresh $10 Million in Solana to 30 wallets appeared first on BeInCrypto.

XRP faces a mixed setup as positive news struggles to lift its price. Despite announcements like the upcoming XRPL EVM mainnet launch and the integration of USDC, XRP has dropped 6.5% over the past three days.

Technical indicators such as RSI and DMI show early signs of shifting momentum, while EMA signals remain bearish. Monday marks the final opportunity for Ripple and the SEC to settle their lawsuit—if it fails, the legal battle could extend into 2026, adding further pressure to XRP’s short-term outlook.

XRP Gains Utility, But Price Struggles Ahead of Legal Deadline

Despite a wave of positive developments around Ripple, XRP’s price hasn’t followed suit—falling 6.5% over the last three days. This comes even as Ripple executives confirmed the XRPL EVM sidechain will launch on mainnet in Q2 2025, a major step that will bring Ethereum-compatible smart contracts to the XRP Ledger. Recently, more companies have also started to build XRP reserves.

In parallel, Circle announced the native launch of USDC on XRPL, signaling deeper institutional support and greater utility across DeFi, payments, and global settlements.

However, the market remains cautious as all eyes now turn to Monday, the final window for Ripple and the SEC to settle their long-running lawsuit.

After a failed attempt in May, Ripple and the SEC have submitted a revised motion to reverse a key securities ruling—but legal experts remain skeptical.

Critics argue the new filing lacks substance, offering few compelling arguments to change Judge Torres’ original decision. If the motion is denied again, Ripple may face an extended ban on retail securities sales, and the legal battle could drag into 2026.

Despite regulatory tailwinds and growing infrastructure support, XRP appears trapped between bullish headlines and bearish price action.

XRP Momentum Shifts: RSI and DMI Signal Potential Reversal

XRP’s Relative Strength Index (RSI) has risen to 43.56, up significantly from 28.24 just two days ago. RSI is a momentum indicator that measures the speed and magnitude of recent price changes, typically on a scale from 0 to 100.

Readings below 30 indicate that an asset may be oversold, while readings above 70 suggest it could be overbought.

XRP’s recent move out of oversold territory and into the mid-40s signals a potential shift in momentum, suggesting early signs of buyer interest returning—though it hasn’t yet crossed into bullish territory.

XRP’s Average Directional Index (ADX)—which measures the strength of a trend regardless of direction—has climbed to 26.47, up from 18.84, crossing the key 25 threshold that typically marks the beginning of a strong trend.

Meanwhile, the +DI (positive directional index) rose from 10.56 to 15.57, while the -DI (negative directional index) fell sharply from 36.77 to 23. This crossover indicates that bullish pressure is rising while bearish pressure is fading.

If this dynamic continues and the ADX keeps climbing, XRP could be setting up for a trend reversal to the upside.

EMA Signals Still Bearish, But XRP Eyes Break Above $2.28

XRP’s Exponential Moving Averages (EMAs) are still in a bearish configuration, with short-term lines sitting below long-term ones—a sign that downward momentum remains in place.

However, recent price action suggests that sentiment might be shifting. If XRP can build on its recovery and push through the key resistance at $2.28, it could open the door for a move toward the next target at $2.33.

This potential breakout would mark a significant technical improvement and signal renewed bullish strength.

That said, the setup still demands caution. If XRP fails to sustain its current upward push and faces rejection at resistance, a correction could drag the price back down toward the $2.05 support zone.

The post Why XRP Keeps Falling Despite Bullish Headlines from Ripple appeared first on BeInCrypto.

According to Wall Street reports, both Amazon and Walmart are evaluating a move into the stablecoin market.

The reports, citing people familiar with the matter, stated that their effort is part of a broader push to improve payment efficiency and reduce processing fees.

Amazon and Walmart Eye Stablecoin

According to the report, the two retail giants are considering multiple options, including issuing their own digital currencies or collaborating within a stablecoin consortium.

This initiative could mark a major shift in how retail payments are processed, allowing merchants to bypass traditional financial intermediaries like Visa and Mastercard.

These legacy systems often impose high fees and slow settlement times. In contrast, stablecoins promise near-instant transaction finality and significant cost reductions.

Considering this, market observers pointed out that Amazon and Walmart’s initiative reflects a growing appetite among large corporations to modernize payments using blockchain-based infrastructure.

The world’s two largest retailers are trying to figure out how to either issue their own stablecoin or use an outside stablecoin…

And there are *still* people who think (hope) crypto will all just go away.

It’s comical at this point.

Not sure what else you need to see. pic.twitter.com/VXurff4UZo

— Nate Geraci (@NateGeraci) June 14, 2025

Plan Faces Regulatory Headwinds

Despite the growing interest in these assets, the success of Amazon and Walmart’s stablecoin ambitions may hinge on the evolving US regulatory environment.

US lawmakers are reviewing the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act). The bill recently advanced in the Senate and will soon be up for a final vote.

The proposed law aims to bring stability to the $251 billion stablecoin market by setting clear rules for issuance, reserve backing, and consumer protection. Its supporters argue that the regulatory clarity would boost public trust and encourage innovation in the emerging industry.

However, the current version of the GENIUS Act explicitly restricts non-financial public companies from issuing stablecoins directly.

This limitation could pose a significant hurdle for firms like Amazon and Walmart. They would need to secure regulatory exemptions or operate through licensed banking subsidiaries.

Considering this, Alex Thorn, head of research at Galaxy Digital, noted that the retailers would likely need to establish or acquire a regulated financial entity to participate. He added that the process would involve navigating approvals from the Federal Reserve, the FDIC, and the Treasury.

Despite this potential convoluted process, Amazon and Walmart’s interest suggests that major retailers are preparing for a future where stablecoin payments become part of everyday commerce.

The post Amazon and Walmart are Preparing to Launch Stablecoins appeared first on BeInCrypto.

Dogecoin (DOGE) is struggling to regain traction. It has been down more than 5% over the past seven days and has traded below $0.25 since the end of February. Despite brief signs of momentum, technical indicators still reflect a bearish bias, with key resistance levels capping upside attempts.

The Ichimoku Cloud remains red, EMA lines are still bearish, and price action continues to hover below critical trend-confirmation zones. However, a sharp shift in BBTrend and improving momentum metrics suggest traders are watching closely for a potential breakout attempt.

Dogecoin Faces Resistance as Bearish Ichimoku Structure Persists

Dogecoin’s current Ichimoku Cloud chart shows a clear bearish structure, with price action remaining below the Kumo (cloud), which is shaded red in the near term.

The blue Tenkan-sen (conversion line) is positioned below the red Kijun-sen (base line), reinforcing a short-term bearish outlook.

Additionally, the price candles are struggling to break above the Tenkan-sen, which is acting as dynamic resistance and preventing upward momentum from building. This typically signals weak buying pressure in the current market phase.

Looking forward, the Kumo cloud ahead is transitioning from red to green, indicating a potential shift in sentiment if price manages to approach and penetrate the cloud.

However, the cloud itself is relatively thick, which suggests a strong resistance zone that will require significant bullish momentum to overcome. Until price enters or breaks above the cloud, the prevailing bias remains bearish.

The Kumo’s current flat base could also act as a magnet, drawing price toward it, but sustained upside will depend on whether Dogecoin can flip the cloud into support.

DOGE Sees Sharp Reversal as BBTrend Turns Positive

Dogecoin’s BBTrend indicator has flipped strongly bullish, rising to 2 from -3.14 just a day ago.

The BBTrend (Bollinger Band Trend) is a momentum indicator that measures the strength and direction of price movement relative to its Bollinger Bands.

Values above zero suggest bullish momentum, while values below zero signal bearish pressure. The higher the positive value, the stronger the upward momentum; likewise, deeper negative values indicate stronger downward trends.

With DOGE’s BBTrend now at 2, it indicates a potential shift in sentiment and growing bullish momentum. This sharp reversal suggests that buying pressure is increasing and the asset may be entering a recovery phase.

While it doesn’t confirm a sustained uptrend on its own, a BBTrend in positive territory often precedes further gains—especially if supported by rising volume and follow-through in price action.

Traders may view this as an early signal to monitor for potential continuation.

DOGE Must Break $0.206 to Flip Trend—Or Risk Dropping to $0.168

Dogecoin’s EMA lines remain in a bearish alignment, with short-term averages still below the long-term ones, reflecting ongoing downward pressure.

If the current bounce fails to gain strength, DOGE could soon retest support at $0.168, which has held in recent sessions. Without a decisive shift in momentum, this level may act as a magnet for price action in the near term.

The absence of an EMA crossover keeps the overall trend bearish for now.

On the flip side, if momentum strengthens and DOGE manages to break resistance at $0.206, it could trigger a broader reversal. In that case, the next upside targets would be $0.232 and potentially $0.254, assuming sustained follow-through.

The post Dogecoin (DOGE) Struggles to Break Out—Can Rising Indicators Shift the Trend? appeared first on BeInCrypto.

Crypto options expiry this week concerns over $3.5 billion in notional value. The high volume of expiring options is expected to create short-term volatility in the market.

These expiring options coincide with rising global uncertainty amid geopolitical tensions, so traders and investors should prepare for the impact.

Crypto Markets to See $3.5 Billion in Bitcoin, Ethereum Options Expire

With over $3.5 billion worth of Bitcoin and Ethereum options expiring today, data on Deribit shows BTC contracts account for most of it. Today, 27,959 Bitcoin option contracts will expire, sending up to $2.9 billion in notional value down the drain.

The maximum pain level is $106,500, slightly above Bitcoin’s price as of press time. Option traders will experience the most losses at this level.

Meanwhile, these expiring Bitcoin contracts have a put-to-call ratio of 0.91, highlighting the prevalence of Call (purchase) options rather than Put (sale) options. This means traders are leaning bullish rather than bearish.

At the same time, 246,849 Ethereum contracts will expire today, accounting for $617.6 million in notional value.

According to data on Deribit, these expiring options have a put-to-call ratio of 1.14. The maximum pain level or strike price is $2,650. Notably, Ethereum’s put-to-call ratio is above 1, showing a prevalence of Put (sale) options rather than Call (purchase) options.

Ethereum’s put and call options distribution suggests a market tilt toward protecting against ETH price drops, based on the higher put-call ratio of 1.14.

As of this writing, Bitcoin was trading for $104,342, well below its strike price of $106,500. In the same way, Ethereum was also trading below its maximum pain level of $2,650. ETH was exchanging hands for $2,515 as of press time.

According to the Max Pain theory in crypto options trading, as options near their expiration, the underlying asset’s price tends to gravitate toward the strike price. Here, the greatest number of options (calls and puts) would expire worthless, causing maximum financial loss (or “pain”) to option holders.

This theory hinges on the assumption that market makers or large institutional players (smart money), often on the other side of options trades, may influence the underlying asset’s price through trading or hedging activities. Their actions push prices toward the max pain points.

It happens as market makers profit when options expire worthless, as they collect the premiums without paying out.

Ethereum Upside Flows Are Strong Heading Into Expiry

Greeks.live analysts highlight bearish dominance, as seen with multiple traders shifting to buy puts for protection. Deribit notes that ETH upside flows are heading into expiry.

“ETH upside flows are strong heading into expiry. Will traders keep chasing it after Friday, or is this where it cools off?” Deribit posed.

This contrasts with Ethereum’s max pain point, indicating potential volatility given that option expiries often trigger price swings as traders adjust positions. This is especially true when flows defy max pain expectations.

“The group appears divided on market direction, with bears dominating the conversation as multiple traders have shifted to buying puts for protection,” analysts at Greeks.live wrote, highlighting market sentiment.

Analysts at Greeks.live attempt to explain the Put protection strategy, which is displayed among traders who are hedging for downside risk.

According to the analysts, traders are buying put spreads and protective puts, positioning themselves strategically after months of bullish sentiment.

High volatility environment is creating attractive opportunities for put protection, with traders anticipating two standard deviation events and significant price wicks from unexpected news catalysts,” they added.

Catalysts in this regard include US-China trade deals, recent economic indicators such as US CPI inflation data, and developments in the Israel-Iran war.

According to JPMorgan, escalations in the Middle East could derail the Fed’s push to a 2% inflation target.

The post Over $3.5 Billion Crypto Options Expire Today Amid Strong Ethereum Upside Flows appeared first on BeInCrypto.