XRP recently hit a new all-time high before entering a period of sideways consolidation. The cryptocurrency has struggled to break past resistance but has also managed to avoid a major correction.
This equilibrium, however, may not last much longer as investor behavior signals a shift in momentum.
XRP Investors Are Not Confident
Investors have started selling off large amounts of XRP, suggesting declining confidence in further upside. Over the past week, exchange wallets saw an influx of nearly 450 million XRP, valued at more than $2.81 billion. This spike in supply indicates that holders are moving their assets to sell, usually a bearish indicator in market cycles.
The rapid profit booking appears to be fueled by concerns that XRP has peaked in the short term. As investors move to secure their gains, the pressure on XRP’s price increases. A continued rise in selling could result in a drop below the immediate support levels, making recovery more difficult.
On-chain data further confirms the bearish sentiment. Liveliness, a metric used to track long-term holder (LTH) behavior, is currently at a three-month high. This suggests that LTHs, typically known for their conviction and market influence, are now selling XRP.
Their shift in behavior is a strong indicator of potential downward pressure.
Historically, an uptick in Liveliness precedes market corrections. Since LTHs hold a large portion of the supply, their decisions significantly impact price trends. The increase in Liveliness reflects a broader change in market outlook, aligning with the recent surge in exchange supply and overall decline in bullish sentiment.
XRP is currently trading at $3.48, only 4.8% away from its all-time high. Despite the proximity, the altcoin is showing signs of weakness and is clinging to the $3.38 support level. Without renewed buying interest, this support may not hold much longer.
If investor selling continues, XRP could fall through $3.38 and test the $3.00 support. A drop to this level would erase the recent gains and confirm a near-term bearish reversal. The loss of $3.00 could signal a longer consolidation phase or deeper correction.
However, if market participants absorb the sold supply and restore demand, XRP could rebound quickly. In this scenario, the altcoin might surpass $3.66, breach $3.80, and aim for $4.00. Such a move would invalidate the bearish outlook, and XRP Price could form a new ATH.
During the 2025 edition of the Paris Blockchain Week, BeInCrypto sat down with Alexis Yellow, CEO of Yellow, a crypto project working on an entirely new paradigm based on Satoshi’s initial vision for Bitcoin.
He talks about the upcoming Yellow Tokens, a new smart contract mechanism, and making crypto projects more utility-driven.
Alexis, can you introduce yourself?
I’m Alexis, a software engineer by background. I worked at the European Space Center early in my career, but my crypto journey started quite unexpectedly.
Back in 2013, an old friend from school reached out—he was working at Goldman Sachs and told me about a project that needed help. He said, “There are 12 people in Silicon Valley printing fake money.” That project turned out to be Ripple.
Ripple ended up being our first client, and that experience really helped me grasp the potential of crypto.
Despite the skepticism surrounding the space, I saw real innovation. Ripple’s CTO was a Bitcoin Core contributor, and Vitalik Buterin was involved with the team before Ethereum.
Actually, Buterin was planning to join Ripple. He was especially excited about their consensus mechanism, which inspired me, too.
One thing that always stuck with me was Satoshi’s idea: We need systems where trust isn’t a prerequisite. That idea shaped a lot of my thinking.
Around 2018–2019, I decided to start Yellow. We later merged with a French exchange technology company called OpenWare. Combining my market experience with their tech, we launched Yellow Network.
So, it’s a trading infrastructure designed to let institutions, like Société Générale, trade directly with major players like Binance without needing to trust them.
Trading with exchanges like Binance without trusting them, do you mean trust as a counterparty?
Exactly that’s at the core of Satoshi’s vision. At Yellow, we’re working on a different model of trustlessness using state channels, which represent a new paradigm compared to traditional blockchain systems like Bitcoin or Ethereum.
In those systems, you have tens of thousands of nodes, say, around 30,000, validating each transaction. It’s a powerful model for security, each validator has a financial incentive to be honest, and there’s no way to roll back a confirmed transaction.
The same applies to staking networks. But that structure just doesn’t work for high-frequency trading. You can’t have 30,000 nodes verifying every microsecond trade. It’s simply too slow and inefficient.
For example, some networks try to solve this by reducing the number of validators to 21, but that compromises the level of trust and decentralization. Our approach is fundamentally different. The Lightning Network inspires it, but we’ve taken it in a new direction.
With the Lightning Network, you can move money instantly by opening a state channel. At Yellow Network, we use similar state channels but instead of transferring funds directly, we transfer profit and loss in real time.
For instance, if you buy a Bitcoin for $100,000 and it rises 5%, the $5,000 profit is immediately transferred to your wallet. The trade is settled instantly, peer-to-peer, with cryptographic proof.
To ensure security and fairness, we’ve built a smart contract called ClearSync. If a counterparty refuses to settle, as we saw with the HyperLiquid issue recently, ClearSync can step in and arbitrate the trade.
It verifies the claim and, if valid, ensures the rightful party receives what they’re owed. So, it’s a trustless system that still allows for the speed and flexibility traders need.
1/ $JELLYJELLY on @HyperliquidX and what happens when we rely on trust.
No, it’s peer-to-peer trading. Nothing is faster or more efficient than a direct state channel between two parties. Profit is transferred instantly. That’s the core of this new paradigm: trustless trading, where settlement happens in real time.
Let’s say we’re trading and the connection drops, no problem. If I made a profit, it’s already secured. I might not receive the asset, like Bitcoin, but my profit in dollars is locked in. There’s no need to trust the other party to settle correctly.
Is it effective profit or a claim to profit?
It’s effective profit, denominated in dollars or whatever currency is locked as collateral. Here’s how it works – two parties lock in $20,000 to trade Bitcoin. That amount represents the maximum they’re willing to risk.
If the trade results in a $5,000 profit for one side, that amount is instantly settled, even if the other party refuses to finalize the trade.
If both agree to settle, I send you $100,000, you send me one Bitcoin, and both our collaterals unlock.
Can you switch to stablecoin?
Absolutely. In fact, we’re working with stablecoin issuers to create partnerships and potential investments in Yellow.
Can you give us an idea of the size of the Yellow Group? How many people are there? How many transactions do you process ?
We haven’t officially launched. Before the war in Ukraine, we had a large team of over 100 people. Many have since relocated, mostly to Poland, but we still have staff in Ukraine. Right now, we’re about 50 people globally.
Meanwhile, you can track activity on our analytics site, BundleBear. On Polygon, we’re already the fourth most active app. On Linea, a new protocol by Consensys, we’re number one with over 229,000 users despite not being live yet.
We can see on your website that you are offering your technology so that you can list any token without going through a CEX or a DEX. Is that part of the project?
Exactly. The Yellow Wallet is like a Layer 3; it lets users interact with any chain seamlessly. It now supports cross-chain swaps, like moving tokens from Polygon to Binance Smart Chain, with zero fees. It’s designed to remove friction from cross-chain trading.
Seamless cross-chain swaps, all in your Yellow Wallet!
Swap between BNB, Base, Arbitrum, AVAX, Polygon, OP, Linea, and Scroll with ease.
No, not for the state channels themselves. We don’t monetize trades directly. The Yellow token plays a security role, a “necessary evil,” like ETH or BTC.
Your security deposit gets burned if you behave badly and refuse to settle. It ensures honesty in a peer-to-peer environment. Think of it like a miner losing their reward for trying to cheat.
How do you make money from the usage of your service?
The token economy is the foundation. Just like ETH or BTC derive value from usage and network participation, the Yellow token does too.
It’s needed to place security deposits in the network, and over time, its utility and adoption by industry players will drive its value.
If someone cheats, their token gets burned—creating deflationary pressure and reinforcing good behavior.
Is the token already traded?
Not yet, but we’re planning to launch in the next couple of months. We’ll mint 10 billion Yellow tokens; ideally, that number stays close to that.
If too many tokens get burned, it could indicate issues in the system. It’s a built-in signal to monitor the health and integrity of the network.
Are you going to start it with an airdrop or something of the sort?
No, we’re focused on utility-based distribution. Most tokens will be sold directly in the markets where they’re used. Ethereum didn’t launch with an airdrop. Neither did Bitcoin.
This is a B2B infrastructure project—just like Ethereum and Ripple. While the network is open to everyone, our core users are businesses and institutional players.
That said, the beauty of crypto is that the ecosystem is open. Anyone who believes in the project can get involved and benefit from the network effect, without needing to be a developer or an insider.
Anything important that we left out?
Yes, very few cryptocurrencies are used in the real world today. Bitcoin has proven its value as a store of wealth.
Ethereum demonstrated its utility during the ICO boom. USDT fills a vital gap in places where dollars are hard to access.
We believe Yellow can become the fourth pillar. It’s solving a real need in crypto markets: scalable, trustless, high-frequency trading. And we’re making it open source so the whole industry can benefit.
It’s obvious that Web3 applications will need infrastructure to reach the scale of platforms like Twitter or YouTube.
At Pragma today, @Yellow‘s Louis Bellet shared the secret weapon Ethereum already has to achieve this today.
I think this approach, state channels for speed and smart contracts for resolution, will redefine how trading infrastructure works. It’s ideal for gaming and other fast-paced applications where blockchains never truly fit.
Blockchain isn’t always the answer, especially if you’re using 30,000 nodes to validate a game move. That’s just not efficient.
With Yellow, the trading side is handled through cryptographic state channels not full decentralization. But if something goes wrong, we still fall back to a smart contract to arbitrate. That’s the balance we’re bringing.
Also, we’re working on a new ERC standard for this. In the next 3–4 years, I expect that 10–20% of new crypto projects will adopt this architecture.
Overall, We’re not just building a product, we’re introducing a new philosophy for how decentralized systems can operate more efficiently.
Strategy announced Monday its latest purchase of 4,020 Bitcoin, worth $427 million, between May 19 and May 25, 2025.
This acquisition lifts Strategy’s total Bitcoin holdings to a record 580,250 BTC, valued at $40.61 billion. With this disclosure, Strategy further cements its leadership as the largest publicly traded Bitcoin holder.
Record-Breaking Bitcoin Acquisition
Formerly known as MicroStrategy, Strategy has reinforced its reputation at the forefront of Bitcoin adoption among corporations. Its official statement confirms the purchase of 4,020 additional Bitcoin between May 19 and May 25, 2025.
The total investment of $427 million reflects an average price of $106,237 per Bitcoin. This rapid move increases Strategy’s BTC treasury to 580,250 coins, giving it the world’s largest corporate Bitcoin reserve. That trove now represents nearly 3% of Bitcoin’s circulating supply, giving the company outsized influence on market sentiment.
“Strategy has acquired 4,020 BTC for ~$427.1 million at ~$106,237 per bitcoin and has achieved BTC Yield of 16.8% YTD 2025. As of 5/25/2025, we hodl 580,250 $BTC acquired for ~$40.61 billion at ~$69,979 per bitcoin,” Saylor posted on X.
Strategy completed its purchase after a period of relative stability for Bitcoin, demonstrating confidence in its long-term value. Notably, the company’s stock price was volatile following the announcement. The MSTR stock was trading at $369 at press time, down 7%.
Strategy used funds from its at-the-market (ATM) equity and preferred stock offerings to finance this acquisition. These methods offer flexible funding and allow the company to raise capital efficiently by issuing new shares at current market prices.
Importantly, this funding mechanism showcases a strategic use of traditional financial tools to support digital investments. Combining equity financing with Bitcoin buying has set a new bar for firms considering similar asset allocations.
With BTC trading near record highs, markets will watch whether the company accelerates issuance to chase its aggressive 2025 yield goal and how that might ripple across BTC and MSTR stocks.
It also appears that following Michael Saylor’s lead, firms across Brazil, the Middle East, Asia, and beyond are increasingly adopting Bitcoin as a reserve asset.
Crypto data provider CoinMarketCap has recovered from a brief security lapse. The incident exposed website visitors to a deceptive pop-up urging them to connect their crypto wallets.
The June 20 incident disrupted the platform’s front-end interface for a few hours before the team took corrective action.
CoinMarketCap’s Breach Traced to Malicious Doodle
According to the company, the breach involved an unexpected pop-up on its homepage, instructing users to verify their wallets to access full account features.
“We’re aware that a malicious pop-up prompting users to ‘Verify Wallet’ has appeared on our site. Do NOT connect your wallet,” the data aggregator warned.
While the message mimicked legitimate functionality, security analysts quickly warned that the request was malicious and likely intended to compromise user wallets.
The Malicious Pop-Up Message on CoinMarketCap Homepage. Source: X/Jameson Lopp
In a follow-up update, CoinMarketCap revealed that the issue stemmed from a doodle image embedded on its homepage. The image was linked to an external call that triggered unauthorized JavaScript, resulting in the suspicious wallet prompt.
“On June 20, 2025, our security team identified a vulnerability related to a doodle image displayed on our homepage. This doodle image contained a link that triggered malicious code through an API call, resulting in an unexpected pop-up for some users when visited our homepage,” CoinMarketCap explained.
Investigators found that the breach may have originated from a compromised third-party service, likely an ad network. This service injected malicious code into the platform’s display system.
Meanwhile, CoinMarketCap clarified that external dependencies used to serve content—not its internal infrastructure—caused the issue.
The platform confirmed that all affected scripts and assets had been removed, and new safeguards were introduced to prevent similar exploits. It also assured users that the situation was under control and that visiting the site is now safe.
“We’re actively monitoring user feedback and our support team is standing by to ensure all inquiries are promptly addressed. We are committed to maintaining the highest standards of security and transparency, and we thank you for the continued trust of our community,” it added.
However, this episode reminds us that even the most established platforms must remain proactive in protecting users from increasing threats.
Due to this, security experts have urged crypto wallet users to always take precautions by constantly reviewing recent activity and avoiding connecting to unknown dApps or prompts.
1/ $JELLYJELLY on 
