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Solana’s price fell to a 14-month low after a 20% crash, but with the RSI in the oversold zone and investor support intact, the altcoin may be poised for a recovery.
Bitcoin has dropped below the $75,000 mark, signaling a bearish phase. However, futures data and positive funding rates suggest market optimism persists despite the dip.
Bitcoin has faced a steep decline below $80,000, wiping out $25 billion in gains. The altcoin's recovery depends on holding key support and overcoming bearish market sentiment.
Altcoins may see major volatility this week with over $328 million worth of tokens set to be released in the market.
Quick Take Teucrium Investment Advisors LLC is launching a leveraged XRP ETF on Tuesday, which is the first XRP-based ETF in the U.S. market. Multiple U.S. issuers have filed for spot XRP ETFs, which are still being reviewed by the SEC. One analyst said the likelihood of spot XRP ETFs being approved this year has grown, but demand for such funds remains uncertain.
- 05:58Analyst: Are Tariff Effects Unstoppable? US Inflation Expected to Accelerate in JuneAccording to a report by Jinse Finance, analysts have noted that after several months of low inflation, U.S. consumers may have experienced a slight acceleration in price increases in June, as businesses began passing on higher import costs related to tariffs to consumers. Surveys of economists by institutions indicate that prices for goods and services, excluding the more volatile food and energy costs, are expected to have risen by 0.3% in June—the largest increase in five months. In May, the core CPI edged up by just 0.1%. Although next Tuesday’s report may show that the cost of U.S. import tariffs has only been partially passed on to consumers, many economists expect inflation to gradually pick up as the year progresses. Meanwhile, many businesses remain hesitant to raise prices, as U.S. consumers have become more cautious with their spending following a cooling job market. This represents a delicate balance.
- 05:38Planet Noon Briefing1. Only 10,000 wallets successfully participated in the PUMP presale, with over 200 addresses reaching the $1 million hard cap;2. The Pudgy Penguins founder's wallet transferred 265 million PENGU to a new address;3. The Hyperion airdrop claim page is now live, and RION claims will open after TGE;4. The "insider whale" alt account shorted FARTCOIN for the first time, opening at $1.27;5. A whale prepared $40 million USDC to participate in the PUMP public sale, but ultimately only contributed $5.15 million;6. Airwallex CEO: Traditional banking requires scalable infrastructure, and the company has begun recruiting a stablecoin engineering lead;7. Hong Kong Treasury Secretary: Only a small number of stablecoin licenses will be issued in the first phase, with plans to promote tokenization of assets such as ETFs in the future;8. A trader going long on PUMP has unrealized profits exceeding $1.5 million;9. PUMP pre-market contracts briefly broke through $0.0072, with a 24-hour increase of nearly 24%;10. The EU responded to US tariffs: aiming to reach an agreement before August 1 and will take all necessary measures to safeguard EU interests.
- 05:38A major whale acquires approximately 68,720 HYPE at an average price of $47.4Odaily Planet Daily reported that, according to OnchainLens monitoring, a certain whale deposited 5 million USDC into the Hyperliquid platform and purchased 68,720 HYPE at an average price of $47.40, with a total transaction amount of approximately $3.257 million. The address still holds $1.74 million USDC, which may be used for further purchases.