Category: News

The Federal Reserve just removed its “reputational risk” guideline for supervising banks, which was a major tool for debanking crypto firms. This surprising breakthrough could help encourage more integration of TradFi and Web3.

To be clear, the Fed didn’t explicitly frame this as a win for crypto, and its brief statement never addressed the industry. Still, this rule change can encourage a broad shift in institutional attitudes.

The Era of Crypto Debanking Ends

The banking sector and crypto industry have had a troubled history over the past few years, but it’s not necessarily the banks’ fault.

Federal regulators waged a campaign of debanking against the crypto industry, greatly discouraging cooperation between these sectors. However, this damage is being reversed, and the industry won an important win today:

NEW: The Fed says it’s scrapping “reputational risk” as a factor in how it supervises banks.

In a memo released today, the central bank says it will remove the term (which lawmakers credit with playing a major role in the debanking of crypto firms and other businesses) from… https://t.co/V5c43NxruS

— Eleanor Terrett (@EleanorTerrett) June 23, 2025

According to the Fed’s newest press release, reputational risk will “no longer be a component” of its supervision of banks. To be clear, the document doesn’t directly refer to crypto or debanking in any capacity.

Nonetheless, it’s easy to read between the lines to call this an important regulatory success for crypto for a few reasons.

First of all, the Federal Reserve was the last major institution to keep this tool open. The FDIC scrapped a similar rule in March, which David Sacks called a “big win” against crypto debanking.

Indeed, several regulators formerly had reputational risk rules in force, enabling massive harassment campaigns against crypto leaders. That period is officially over.

Also, this move shifts banking regulations away from discretionary, values-driven enforcement and toward transparent, evidence-based supervision.

This could help institutional crypto adoption, as banks might feel more confident engaging with digital asset clients under clearer supervisory expectations.

Supervision news: The Federal Reserve is falling in line with other bank regulators and dispensing with “reputational risk,” a form of supervision that asses whether non-financial policies can impact a bank’s safety and soundness. This has been a big GOP priority. pic.twitter.com/ic2JQ3Y2qK

— Brendan Pedersen (@BrendanPedersen) June 23, 2025

In other words, this rule change will encourage crypto and TradFi to move on from the legacy of debanking. This won’t guarantee new cooperation, but it’ll allow banks to assess potential crypto clients more objectively.

By removing a legal barrier, the Fed is enabling banks to confidently engage with Web3.

Several major investment banks are already interested in the sector, so this incentive could accelerate existing trends.

Operation Choke Point 2.0 and the debanking era were a traumatizing time for crypto, but a new day is already here. There are plentiful opportunities to create a new ecosystem with friendlier regulations.

The post Why the Fed’s Banking Rule Change Is a Big Win for US Crypto Businesses appeared first on BeInCrypto.

Bitcoin price dropped to $99,800 after Iran’s parliament approved a proposal to close the Strait of Hormuz. The move follows the US bombing of Iran’s nuclear sites yesterday. 

With final approval pending at the Supreme National Security Council, markets brace for heightened energy disruption risk. As Hormuz is critical to the world’s oil supply, a macro shock of this level could notably disrupt the crypto market. 

Impact of Potential Hormuz Shutdown

In addition to Bitcoin, Ethereum fell 4% under $2,200, and XRP dropped below $2 for the first time since April. Crypto liquidations hit $950 million in the past 24 hours, reflecting deep risk-off sentiment.

But why? The Strait of Hormuz channels nearly 25% of global oil shipments. Closing this chokepoint would tighten global energy supply immediately. 

Oil prices could surge, stoking inflation and delaying central bank rate cuts.

Consequently, higher energy costs would ripple through economies. Consumers face steeper fuel bills, while businesses grapple with rising transport and production expenses. 

In response, investors typically flock to safe-havens like US Treasuries and the dollar, draining capital from risk assets such as crypto.

Moreover, energy-driven inflation pressures would challenge the Federal Reserve’s 2% target. If the Fed signals further tightening, real yields could rise. 

Historically, higher real yields weigh on Bitcoin by raising the opportunity cost of holding non-yielding assets.

Crypto Market Risks and Macro Linkages

Crypto’s recent sell-off reflects broader market stress. Liquidations concentrated in long positions across Bitcoin and Ethereum. Rising VIX and widening Treasury yield spreads signal tightening risk budgets.

Additionally, hedge funds and retail traders often use leverage in crypto. Sharp price moves trigger margin calls, amplifying declines. 

With current leverage metrics elevated, further downside remains likely if uncertainty persists.

At the same time, dollar strength usually correlates with crypto weakness. A surge in the US Dollar Index could deepen Bitcoin losses, potentially pushing it towards $95,000.

Outlook and Key Indicators

Traders should watch three developments closely:

• SNSC Decision: Final vote on Hormuz closure.
• Oil Prices: Breaks above $100/barrel could exacerbate inflation.
• Fed Signals: Comments on rate policy in response to energy shocks.

In sum, Iran’s potential closure of the Strait of Hormuz elevates macro risks for crypto. 

If approved, expect sustained pressure on Bitcoin and broader digital-asset markets until geopolitical clarity and energy stability return.

The post Bitcoin Drops Below $100,000 as Iran Moves to Close Strait of Hormuz appeared first on BeInCrypto.

The team behind the Solana-based TRUMP meme coin, a digital asset connected to US President Donald Trump’s brand, has moved 3.527 million tokens (equivalent to about $32.8 million) to Binance.

This transaction is the latest in a string of significant token deposits to centralized exchanges, sparking fresh concerns about the team’s intentions and the potential impact on market stability.

Nearly $150 Million in TRUMP Tokens Have Been Moved

Blockchain analysis platform Lookonchain reported that this latest transfer, conducted on June 21, forms part of a larger pattern.

Since late April, the team has sent more than 12.5 million TRUMP tokens, valued at over $150 million, to exchanges including Binance, OKX, and Bybit.

Market experts caution that these frequent, large-volume deposits to exchanges without transparent communication can heighten uncertainty and trigger price declines.

However, the project representatives previously claimed that the movement of tokens aimed to support liquidity and ensure smooth trading conditions. They also stated that the tokens came from a wallet created specifically for this purpose during the project’s launch phase.

Despite those assurances, the token’s market value has continued to decline.

According to BeInCrypto data, TRUMP has lost around 6% over the past day and currently hovers near $8.68 as of press time. Since its January debut, the token’s value has dropped by around 90% from its peak of over $75.

Meanwhile, the controversy surrounding the token doesn’t stop at market activity. There is also an ongoing political scrutiny surrounding the token’s ties to US President Donald Trump, which further complicates sentiments surrounding the meme coin.

For context, US Representative Brad Sherman recently accused TikTok of planning to spend $300 million on TRUMP tokens in an attempt to sway US policy. However, TikTok has since denied the allegation, calling it both misleading and baseless.

“Congressman, claiming that the owners of TikTok are buying ‘Trump Coins’ is patently false and irresponsible and doesn’t even accurately reflect a letter you signed last month,” the video-sharing platform stated.

These issues mean the outlook for TRUMP remains uncertain due to the growing skepticism about the token’s utility and persistent price declines.

The post TRUMP Meme Coin Team Moves $32.8 Million to Binance appeared first on BeInCrypto.

Popular altcoin Solana has shed nearly 10% of its value over the past week, and the bearish pressure does not appear to be letting up. The token dropped to $129 today, as geopolitical tensions between the US and Iran escalate.

As the second quarter of 2025 draws to a close, mounting selloffs have placed Solana’s price at risk of breaking below the crucial $130 support level. This analysis explains how.

SOL Slips as Key Indicators Remain Bearish

Over the past seven days, SOL’s price has steadily declined. This has been accompanied by a dip in the coin’s Chaikin Money Flow (CMF), which has fallen deeper into negative territory. As of this writing, SOL’s CMF is at -0.13.

The CMF measures the flow of money into and out of an asset over a specific period, typically 20 or 21 days. It combines price and volume data to assess buying and selling pressure. When an asset’s CMF is positive, buying volume is dominant and capital is flowing into the asset, indicating potential bullish sentiment. 

Conversely, when the CMF turns negative, selling volume outweighs buying volume, meaning money flows out. This signals weakening demand for SOL, especially if the negative reading deepens while price declines.

Moreover, the coin’s Elder-Ray Index, which gauges the balance between buyers and sellers, is at -20.74, signifying that sellers are firmly in control. 

This indicator measures the strength of bulls and bears in the market by analyzing the difference between an asset’s price and a moving average. When it is negative, bears dominate, as prices consistently fall below the average, suggesting selling pressure outweighs buying interest. 

Will SOL Recover Above $130 or Is a Drop to $123 Looming?

This bear dominance reflects the growing conviction that SOL’s price could decline further, particularly if $134 fails to hold as a support floor.

Meanwhile, a breakdown below this level could open the door for deeper losses, potentially dragging SOL toward $123.49. 

However, if bulls manage to regain control, they could push Solana’s price upward to $142.59.

The post Can Solana (SOL) Hold Above $130 Before Q2 Ends? appeared first on BeInCrypto.

Michael Saylor, co-founder of Strategy (formerly MicroStrategy), has once again dropped a cryptic hint suggesting that his firm may soon add more Bitcoin to its already massive holdings.

In a June 22 post on X, Saylor shared a chart of Bitcoin’s performance, paired with the phrase, “Nothing Stops This Orange.”

Saylor Predicts Bitcoin Could Hit $21 Million in Two Decades

This social media post follows a familiar pattern of Saylor’s cryptic signals just before his firm files for additional Bitcoin buys with the US Securities and Exchange Commission (SEC).

Over the past weeks, Strategy’s Bitcoin position has aggressively grown following several strategic acquisitions.

This has resulted in the firm holding around 592,100 BTC, valued at over $60 billion. Strategy’s BTC reserve represents approximately 2.8% of Bitcoin’s total supply and makes it the world’s largest corporate holder of the asset.

Meanwhile, Saylor’s confidence in Bitcoin shows no signs of fading despite his firm’s substantial holding. The Bitcoin bull recently predicted that the top crypto could hit $21 million in price within the next 21 years.

“$21 million in 21 years,” Saylor said on X.

Despite the bullish tone, Saylor’s approach has drawn criticism.

Prominent investor Jim Chanos, best known for his bearish calls on companies like Enron, has publicly challenged Saylor’s claims regarding the firm’s use of debt.

In a video clip shared online, Saylor defended his strategy by saying that the company’s debt is “convertible,” “unsecured,” and “no recourse.” The Bitcoin bull also suggested that the top crypto’s value could fall 90% without impacting his firm’s repayment obligations.

Michael Saylor says, “It’s not debt, it’s convertible debt. Bitcoin could go from $100K to $1K, the debt is not going to get called, there is no recourse.” pic.twitter.com/Qc6L0vV6Hf

— Documenting Saylor (@saylordocs) June 19, 2025

However, Chanos disagreed strongly with this view, saying Strategy remains liable if the debt hasn’t converted to equity by maturity.

“There is of course recourse to Strategy if the convertible debt has not converted to equity, when due. How does he not know this?,” the investor questioned.

His criticism implies that Saylor may be overstating the safety of the firm’s debt position.

Chanos’s view is unsurprising considering his firm recently took an unusual stance of betting against Strategy while remaining long on Bitcoin.

This dual position highlights a growing view among some investors that while Bitcoin may thrive, Saylor’s aggressive corporate strategy could carry hidden risks.

The post Michael Saylor Signals Another Bitcoin Buy for MicroStrategy appeared first on BeInCrypto.

Pi Network’s prolonged decline has extended into another week, with the token shedding nearly 16% of its value amid a broader market lull. 

As macro uncertainty intensifies and Pi’s scheduled daily token unlocks continue to weigh heavily on sentiment, the downward pressure appears far from over.

Sellers Dominate as PI Falls Below Key Thresholds

Since reaching an all-time high of $3 on February 25, PI has recorded consistent weekly losses, with no significant demand inflows to halt the slide. 

On the daily chart, the readings from the token’s Moving Average Convergence Divergence (MACD) indicator reflect the deepening bearish momentum. At press time, PI’s MACD line (blue) rests below the signal line (orange).

The MACD indicator identifies trends and momentum in its price movement. It helps traders spot potential buy or sell signals through crossovers between the MACD and signal lines. 

As with PI, when the MACD line rests below the signal line, it indicates waning buying activity. Traders see this setup as a sell signal. Hence, it could exacerbate the downward pressure on PI’s price.

Moreover, PI’s negative Balance of Power (BoP) shows that sellers remain firmly in control. As of this writing, the indicator is at -0.12. 

The BoP indicator measures the strength of buyers versus sellers in the market, helping to identify momentum shifts. When its value is positive, buyers dominate the market over sellers and drive newer price gains. 

Conversely, negative BoP readings signal that sellers are dominating the market, with little to no resistance from buyers. This points to sustained downward pressure and weakening investor confidence.

For PI, the negative BoP readings reinforce the bearish outlook. It suggests that selling momentum may persist unless new demand emerges.

Pi Network Struggles Below Key EMA Level

Currently, PI trades at $0.53, exchanging hands below its 20-day exponential moving average (EMA), which forms dynamic resistance above its price at $0.56.

The 20-day EMA measures an asset’s average price over the past 20 trading days, giving more weight to recent prices. When an asset’s price trades below its 20-day EMA, it signals short-term bearish momentum and potential continued downside. If the bears retain control, they could drive PI’s price to revisit its all-time low at $0.40.

However, a rebound could push the Pi Network’s token above the 20-day EMA and toward $0.79.

The post Pi Network Extends Weekly Losses to 15% – What’s Next for PI appeared first on BeInCrypto.

Crypto exchange and motorsport collide as Bitget officially becomes the regional partner for selected Grand Prix events in 2025

Scarperia e San Piero, Italy, 21 June 2025—Bitget, the leading cryptocurrency exchange and Web3 company, is teaming up with MotoGP, the highest class of motorcycle road racing events, in a high-octane partnership that merges the breakneck speed of racing with the high-stakes precision of crypto trading. As the newly minted Regional Partner for select Grand Prix events across Europe and Southeast Asia, Bitget is bringing crypto onto the track, and into the fast lane.

Kicking off at the iconic Mugello Circuit during the Italian Grand Prix, the collaboration marks a new era where precision engineering meets algorithmic agility, and where every second, like every trade, has the power to make it count.

Bitget’s partnership will speed across multiple marquee MotoGP events in 2025, including Italy, Germany, Spain, and Indonesia, bringing together fans of motorsport and crypto under one roaring banner of performance, resilience, and speed.

“Racing is a sport of milliseconds; crypto is a market of micro-decisions. This partnership is our way of showing the world that success — on the track or on the charts — comes down to smart moves and fearless execution,” said Gracy Chen, CEO at Bitget. “We’re excited to join MotoGP in putting power, precision, and potential into the hands of every user and every fan.”

At the heart of the campaign is three-time MotoGP World Champion Jorge Lorenzo, whose relentless pursuit of perfection makes him a fitting icon for Bitget’s iconic “Make It Count” slogan. 

“I’ve always believed that you win races not just on instinct — but by making every lap, every line, every second count. It’s the same mindset Bitget brings to trading, and I’m proud to be part of this story,” said Jorge Lorenzo. “The worlds of MotoGP and crypto aren’t as different as they seem — they both reward those who stay sharp and think fast.”

The campaign features trackside activations, exclusive VIP experiences, and a series of cross-platform digital initiatives. At Mugello, KOLs and media will get behind-the-scenes access to the paddock and rider interactions, blending all the high-octane energy of race weekend, wrapped in a sleek, Bitget-branded experience.

“MotoGP is built on precision, innovation, and high-speed decisions — values that align naturally with Bitget,” agreed MotoGP CCO, Dan Rossomondo.

This collaboration follows Bitget’s headline partnerships with Lionel Messi, Juventus, and LALIGA, reinforcing its track record in bridging the gap between crypto and culture. With over 120 million users globally and a daily trading volume topping $20 billion, Bitget continues to shift the narrative from volatility to victory.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices.

Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

About MotoGP

Faster. Forward. Fearless. Since 1949, MotoGP has grown into a global sports and entertainment brand with an incredible legacy and an even more exciting future. Each season, the greatest riders from across the globe come together to race the fastest prototype motorcycles on some of the world’s greatest racetracks – creating the most exciting sport on Earth.

The post Bitget Partners with MotoGP for a High-Speed Collision of Tech and Speed appeared first on BeInCrypto.

The crypto market reflected significant losses as the US officially entered the Iran-Israel war late Saturday night. According to President Trump, the US has bombed notable nuclear sites in Iran, signaling its first active strike in this geopolitical conflict.

The crypto market reacted with notable liquidations across the altcoin sector. Ethereum dropped over 5% following the news, trading below $2,300 for the first time in a month. 

Also, Cardano is nearing a 3-month low following the news – down 6% today. AI agent coins suffered the biggest blow, as VIRTUAL and FET dipped nearly 10%.

While Bitcoin still holds above $102,500, indicators suggest it could potentially fall below the $100,000 psychological level if further escalations are reported over the weekend.

pic.twitter.com/wu9mMkxtUg

— Donald J. Trump (@realDonaldTrump) June 21, 2025

Previously, BeInCrypto analysts projected that Bitcoin price could drop 10% if the US entered the Iran-Israel war. 

As of now, the market will be cautiously looking at Iran’s response. President Trump has stated that any response from Iran would result in further US actions.

Overall, crypto liquidations exceeded $670 million today, and further escalation could very well signal a short-term bearish cycle. 

The post Altcoins Turn Red as US Strikes Iran in Major Escalation appeared first on BeInCrypto.

The XRP Ledger (XRPL) just experienced its busiest week on record, processing more than 5.1 million transactions on June 15.

Unlike other networks that often rely on automated activity to boost numbers, this surge appears to have come from genuine user demand.

XRP Ledger Continues to Scale

According to blockchain analyst Ripple Van Winkle, users were actively involved in activities such as NFT minting, asset transfers, and decentralized trading, all contributing to the spike in volume.

He noted that XRPL handled the pressure without disruptions, keeping transaction fees low and performance stable throughout the day.

This event stands out because of the high volume and the network’s resilience. According to Van Winkle, XRPL recorded no delays, no spikes in transaction costs, and no reports of system strain.

Meanwhile, user participation across the network also appears to be growing.

RippleXity, citing Glassnode data, reported that XRP wallet registrations have surpassed 7.1 million, while the number of wallets holding more than one million XRP has reached a new high above 2,700.

Market observers said these numbers signal that interest in XRP remains strong even as price action lags. According to them, it is a sign that the protocol is ready to support high-volume adoption without needing emergency interventions.

“This consistency matters as crypto matures. Institutions want boring reliability, not flashy experiments. XRPL is starting to look like the TCP/IP of crypto — invisible, stable, critical,” Van Winkle stated.

XRP Investors Take Profits as Altcoin’s Price Slides

Despite growing usage on the network, XRP’s price continues to face pressure.

According to BeInCrypto data, the token is trading around $2.07, down roughly 3% over the past 24 hours and nearly 15% this month.

While these dips have frustrated some investors, others have seen it as an opportunity to lock in gains. Notably, data from Glassnode shows that long-term holders have begun realizing profits.

According to the blockchain analytical platform, XRP holders realized an average of $68.8 million daily gains in early June.

Glassnode explained that many of these exits are believed to be from buyers who entered before XRP’s rally in late 2024, when prices surged and peaked at $3.36 in January. Now, with the token down over 36% year-to-date, some whales appear to be selling.

“XRP is trading above $2, more than 3x higher than its base price before the sharp rally in November 2024. Investors who accumulated earlier are sitting on over 300% gains,” Glassnode stated.

Although this may reflect strategic profit-taking, it also points to the broader challenge of converting strong fundamentals into sustained upward price momentum.

Still, some analysts believe XRP may still find a second wind once the current wave of profit-taking subsides. They also point to the growing interest in XRPL, especially as stablecoin projects like USDC and tokenized US Treasuries begin to launch on the network.

The post XRP Ledger Achieves Record Transactions and Growth This Week appeared first on BeInCrypto.

Layer-1 (L1) coin IP has emerged as the market’s top gainer today, defying the broader crypto downturn to post a 4% increase in the last 24 hours.

However, despite the price surge, warning signs are flashing under the surface. On-chain activity remains muted, suggesting the rally may not be backed by strong fundamentals.

Traders Bet Against PI Despite Price Rise

While most cryptocurrencies traded lower on the day, PI has bucked the trend to record gains. However, the rally may not last long, with on-chain metrics signaling growing skepticism among traders.

For example, amid its 4% rally over the past day, IP’s daily trading volume has dipped 38%, indicating that fewer participants support the upward price move.

When an asset’s price rises while its trading volume falls, it suggests that fewer participants are driving the price movement. This indicates weak buying momentum or a lack of broad market support behind the IP price rally.

Such conditions make the coin’s rally unsustainable, increasing the risk of a reversal or pullback.

Furthermore, IP’s funding rate remains negative, reflecting that many traders in the futures market are taking short positions—betting that the price will fall. As of this writing, this stands at -0.14%.

The funding rate is a periodic fee paid between traders in perpetual futures markets to keep contract prices aligned with the spot price. When the funding rate is negative, short traders are paying long traders, indicating that the majority of the market is betting on a price decline.

In IP’s case, the negative funding rate indicates that many traders anticipate a reversal of its recent price rally. This reflects the persistent bearish pressure that has kept the coin’s performance subdued over the past several weeks.

Can IP Rebound? Token Eyes $3.17 If Demand Returns

As of this writing, IP trades at $2.75, hovering above a key support level at $1.59. If demand weakens, IP risks plunge below this floor and potentially fall under the $1 mark.

However, a resurgence in new demand for the altcoin could invalidate this bearish outlook. In that scenario, IP’s price may rebound toward $3.17. A successful break above that resistance could propel the IP token price toward the $4.41 level.

The post Story (IP) Defies Market Slump With 4% Jump – What’s Next? appeared first on BeInCrypto.