Spot Ethereum ETFs have recorded ten consecutive days of inflows, showing growing institutional demand for the asset, while Bitcoin ETFs have seen a surge in outflows over the past two trading sessions. This shift in institutional capital rotation could be due to the recent push to introduce staking to Ether ETFs. Furthermore, with 40% gains on the monthly chart, ETH has outperformed BTC in recent times. Ethereum ETF Inflows On the Rise Over the past ten trading sessions, inflows into spot Ether ETFs have gathered pace, with BlackRock’s iShares Ethereum Trust (ETHA) dominating the flows. As per data from Farside Investors, ETHA inflows stood at $70.2 million on Friday, as per data from Farside Investors. As a result, its total inflows since inception have crossed more than $4.6 billion, while taking the net flows across all US ETF issuers to more than $3 billion, since inception. Similar to Ethereum price… Read More at Coingape.com
Hedera (HBAR) has been under pressure, down more than 17% over the last 30 days and trading below $0.20 since May 23. While some momentum indicators show early signs of recovery, HBAR continues to face resistance at key technical levels.
Its BBTrend remains in negative territory, and the RSI has failed to break above 60 despite climbing from oversold conditions. A potential golden cross in its EMA lines could trigger a bullish breakout, but the move needs stronger follow-through to overcome nearby resistance.
HBAR’s Persistent Negative BBTrend Could Delay Bullish Breakout
As reflected by its BBTrend indicator, Hedera has shown persistent bearish momentum over the past two weeks. Since May 26, the BBTrend has remained in negative territory, reaching a low of -12.54 on June 2.
As of now, the indicator sits at -0.195, suggesting a potential easing of the downtrend, though the overall sentiment remains weak.
BBTrend, short for Bollinger Band Trend, measures the direction and strength of price movements based on the position of the price relative to Bollinger Bands.
A positive BBTrend suggests bullish momentum, while a negative reading indicates sustained selling pressure or sideways movement within the lower part of the Bollinger Band range.
With HBAR’s BBTrend still slightly negative at -0.195, it signals caution—although the extreme bearishness seen earlier in June has moderated, the asset hasn’t firmly transitioned into a bullish phase.
HBAR Recovers From Oversold Levels
Hedera is showing signs of recovering momentum, with its Relative Strength Index (RSI) currently at 57.17—up sharply from 27.62 on June 5.
However, despite this upward shift, HBAR’s RSI has struggled to break above the 60 threshold over the past three days, signaling that bullish momentum remains limited and faces resistance just as it begins to build.
The RSI is a widely used momentum oscillator that ranges from 0 to 100. Values above 70 indicate overbought conditions, while those below 30 point to an oversold market. Readings around 50 suggest a neutral stance.
With HBAR’s RSI currently testing the 50–60 zone, the asset is in a transition phase—neither strongly bullish nor bearish.
Hedera price is approaching an important moment, as its Exponential Moving Averages (EMAs) hint at a potential golden cross formation. This bullish signal occurs when a short-term EMA crosses above a long-term EMA.
If this crossover materializes, it could trigger upward momentum and drive HBAR to test the resistance at $0.175.
A strong breakout above that level may open the path toward $0.193, and if the uptrend gains traction, HBAR could surge to as high as $0.209, reclaiming the $0.20 zone for the first time since May 23.
However, the bullish scenario hinges on sustained upward momentum. HBAR may retreat to test the immediate support at $0.160 if the rally fails to develop.
A breakdown below that level could drag the price to $0.155, placing it at risk of deeper short-term losses.
The XRP price has reached a new all-time high, exceeding its previous record from eight years ago. This increase in value comes as the GENIUS Act is sent to President Trump for approval, indicating a possible change in how cryptocurrency is regulated in the U.S. XRP Breaks 8-Year Slump With New ATH XRP price reached
Circle, the issuer behind the USDC stablecoin, has officially introduced the Refund Protocol—an advanced smart contract framework developed by Circle Research.
This innovation marks a turning point for decentralized stablecoin payments by directly embedding on-chain dispute resolution mechanisms into the blockchain, ensuring digital commerce transparency, security, and trust.
Role of Refund Protocol in the Circle Ecosystem
Traditional stablecoin payment models often lack on-chain refund or dispute resolution mechanisms. Typically, the sender’s stablecoins are held in escrow for a period before being released to the recipient.
An external party, known as an arbiter, oversees this escrow account. However, resolution usually happens off-chain when disputes arise, leading to two major concerns: centralized control by the arbiter and lack of transparency in the dispute process.
To solve this, Circle has designed the Refund Protocol to enhance the overall stablecoin payment experience, especially for USDC. The protocol acts as a smart contract, enabling non-custodial escrow and on-chain dispute resolution.
“Today, Circle’s R&D team released a new Refund Protocol for stablecoin payments. This builds on our earlier open source releases for confidential payments as well as reversible payments. Progress in mainstreaming stablecoin payments,” said Circle CEO Jeremy Allaire.
Rather than controlling the escrow account, the Refund Protocol can only do two things: release funds to the recipient or refund them to the customer. This removes reliance on third-party intermediaries, increases transparency, and boosts efficiency and user trust.
Refund Protocol to Help USDC Gain Market Share?
According to data from DefiLlama, USDT from Tether currently dominates the stablecoin market with over 61% market share. Although USDC holds the second position, its market capitalization is still less than half that of USDT.
The launch of Refund Protocol provides Circle with a strategic edge. By offering developers and businesses an easy way to integrate USDC payments into e-commerce platforms, NFT marketplaces, and DeFi applications, the protocol strengthens USDC’s position as a flexible and reliable medium of exchange.
Additionally, Refund Protocol gives Circle an advantage by providing a decentralized, low-cost, and transparent solution. This will help USDC stand out in real-world applications.
Refund Protocol may face regulatory hurdles despite its innovation, especially in jurisdictions with strict blockchain laws. The legal recognition of on-chain dispute resolution remains uncertain in many regions, potentially posing one of the biggest obstacles to widespread adoption.
