Category: Uncategorized

  • UVXYUSDT Perpetual Contract Launched with 20x Leverage

    UVXYUSDT Perpetual Contract Launched with 20x Leverage

    Bybit Introduces UVXYUSDT Perpetual Contract with Up to 20x Leverage

    Cryptocurrency exchange Bybit has announced the listing of its UVXYUSDT Perpetual Contract, enabling traders to engage with the product immediately. The new contract offers leverage of up to 20 times.

    The UVXYUSDT Perpetual Contract is also accessible through Bybit’s suite of Futures bots, including Futures Grid, Futures Martingale, and Futures Combo.

    Contract Specifications:

    • Contract Name: UVXYUSDT Perpetual Contract
    • Underlying Asset: ProShares Ultra VIX Short-Term Futures ETF (UVXY)
    • Settlement Asset: USDT
    • Tick Size: 0.01
    • Maximum Leverage: 20x
    • Capped Funding Rate: 2.5%
    • Funding Fee Settlement Interval: Every 8 hours
    • Trading Hours: 24/7
  • Request Network Launches One-Click Cross-Chain Mass Payouts, Integrates Merkle Science Wallet Screening

    Request Network Launches One-Click Cross-Chain Mass Payouts, Integrates Merkle Science Wallet Screening

    Request Network Unveils One-Click Mass Payouts Across Chains, Enhances Compliance

    Zug, Switzerland – June 25, 2026 – The Request Network Foundation has announced a significant expansion of its stablecoin payment platform, enabling users to execute mass payouts across EVM chains and the Tron network from a single interface. This latest development, released just three weeks after major upgrades to its crypto payment collection system, also introduces built-in bridging and token swapping capabilities across EVM chains and integrates Merkle Science as an additional wallet screening provider.

    These enhancements are designed to bolster Request Network’s commitment to offering businesses a more streamlined, scalable, and resilient solution for global stablecoin payments.

    Effortless Mass Payouts from a Single Wallet

    Stablecoins are increasingly utilized for global disbursements, including salaries, commissions, affiliate rewards, bug bounties, supplier payments, and customer refunds. While stablecoin settlements offer speed and cost advantages over traditional fiat, the operational complexity of sending funds across multiple chains and currencies has historically required finance teams to manage numerous transactions and wallets.

    Request Network now addresses this fragmentation by allowing users to initiate mass payouts from a single wallet and in a single currency. The platform supports payments to recipients across the top six EVM chains—Ethereum, Base, Arbitrum, Optimism, Polygon, and BNB Chain—using USDC and USDT.

    With a single signature, a mass payout can be initiated, even if individual transactions require bridging and swapping to reach their intended recipients. The Request Network protocol automates the retrieval and batching of bridge and swap quotes, ensuring each payment within a batch is correctly routed with just one approval. Further simplifying the process, recipients can set and update their payment preferences, guaranteeing that funds are always directed to their preferred destination. This breakthrough in cross-chain and swapping abstraction aims to connect payers and recipients more effectively, irrespective of their preferred blockchain or currency.

    Mass Payouts Now Supported on Tron

    In addition to EVM chain capabilities, Request Network has launched mass payout support for the Tron network, marking it as the first protocol to combine these functionalities. This allows users to send USDT to multiple recipients on Tron in a single transaction, facilitating large-scale payouts on a network widely used in Asia, Africa, Eastern Europe, and Latin America. The integration means users can now manage all their global stablecoin payouts through the Request Network protocol.

    Expanded Wallet Screening Options

    Request Network has also partnered with Merkle Science to provide an additional wallet screening provider on its protocol. This feature is designed to protect users from interactions with high-risk wallets. When enabled, payments can only be executed if the payer or recipient meets predefined screening policies, helping businesses mitigate risks such as asset freezing or difficulties with fiat off-ramping. The integration of Merkle Science enhances Request Network’s position as a secure platform for receiving crypto on-chain, while still accommodating recipient preferences.

    Tristan Wallaert, CEO of the Request Network Foundation, commented, “Stablecoins have enabled global money movement without the usual fiat constraints, but executing payments at scale remains a bottleneck, forcing users to rely on payment service providers. Anyone should be able to pay hundreds of payments across chains in a single operation. High-risk wallet exposure has tarnished crypto’s reputation recently; if we want to provide the best protection to blockchain users, they need to be able to use the best screening providers. Sending and receiving payments must become intuitive and safe if we want stablecoins to be a real alternative to fiat.”

    Mriganka Pattnaik, CEO of Merkle Science, added, “As stablecoin payments become more global and cross-chain, compliance needs to become just as seamless as the payment experience itself. Our integration with Request Network helps businesses screen wallets with greater confidence, reduce exposure to high-risk activity, and scale on-chain payments without compromising trust or operational efficiency.”

    About Request Network

    Since 2017, Request Network has focused on developing, educating about, and promoting the use of open-source, decentralized, and permissionless protocols that provide infrastructure for on-chain payments and related financial flows. The Request Network protocol enables users to send and receive crypto at scale, across chains, without custodial intermediaries. It is developed by a community-funded foundation dedicated to making crypto payments accessible while protecting participants. To date, over $2 billion has been transacted using Request Network technology.

    About Merkle Science

    Merkle Science provides blockchain analytics and crypto compliance solutions that assist businesses in detecting, investigating, and preventing financial crime across digital assets. Its platform offers wallet screening, transaction monitoring, risk intelligence, and investigation tools, enabling crypto platforms, financial institutions, and payment providers to manage on-chain risk and meet compliance requirements at scale.

  • Binance Convert Now Supports Recurring Transactions for bStocks

    Binance Convert Now Supports Recurring Transactions for bStocks

    Binance Introduces Recurring Purchases for Tokenized Stocks

    Binance has announced a new feature allowing eligible users to set up recurring transactions for bStocks on Binance Convert, simplifying the automation of bStock purchases according to a user’s preferred schedule.

    bStocks are tokenized securities issued by BTech Holdings Limited, an affiliate of the Binance group. These are classified as certificates representing certain financial instruments, as outlined in paragraph 92 of Schedule 1 to the Financial Services and Markets Regulations (FSMR). Importantly, bStocks represent an interest in underlying securities held by the issuer, rather than direct ownership of the underlying shares. Holders of bStocks do not gain direct ownership of shares in the listed companies.

    Each bStock is tokenized security backed 1:1 by a U.S. share held by a regulated custodian. These tokenized securities were the first to be admitted to the FSRA Official List, issued under an FSRA-approved prospectus, and traded on a Recognized Investment Exchange.

    Eligible users can now access fractional U.S. stock exposure starting from as little as the equivalent of 0.01 USDC. This provides an entry point into tokenized securities backed by real shares, held in custody. The specific entry point available to users may differ based on their country or region of residence, verification status, and product availability.

    To set up recurring bStock transactions via the Binance App (iOS version 3.16.3 and Android version 3.15.7):

    1. Navigate to the Homepage and tap [Trade], then select [Convert] or [Buy/Sell].
    2. Choose the [Recurring] mode.
    3. Input the desired purchase amount and select the preferred transaction frequency.
    4. Review the transaction details and confirm the recurring plan.

    Binance users can initiate their bStocks journey with recurring transactions starting from the equivalent of 0.01 USDC. The platform also teased an upcoming promotion where eligible users who set up recurring bStock transactions can share rewards.

    USDC Redemption Rights

    Holders of USDC have a legal claim against Circle SAS, the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS at any time and at par value.

  • Japan Embraces XRP: Major Adoption Announced

    Japan Embraces XRP: Major Adoption Announced

    Ripple Secures Japanese Approval for Stablecoin Launch

    Ripple has received the green light from the Japanese Financial Services Agency (JFSA) to introduce its stablecoin to the country, following an extended collaboration with its long-standing local partner, SBI Group.

    The company’s Senior Vice President of Stablecoins lauded Japan’s regulatory environment, characterizing it as a leader in cryptocurrency adoption. The approval was facilitated by SBI Holdings, through its subsidiary SBI VC Trade Co., LTD, which holds a license as an Electronic Payment Instruments Exchange Service Provider. This partnership will enable the launch of RLUSD in the Japanese market.

    The two entities initially formalized their collaboration with a memorandum of understanding (MoU) in August of this year. This official launch signifies the stablecoin’s significant entry into what they described as one of the most “sophisticated and forward-looking digital assets markets.”

    According to the JFSA license, RLUSD is classified as a new category of electronic payment instrument under Japan’s Payment Services Act. It is designed for foreign-issued stablecoins, ensuring adherence to the safety and regulatory standards mandated by local law. Both institutional and retail users will be able to access Ripple’s stablecoin via SBI VC Trade’s VCTRADE platform.

    “Japan has long been a leader in digital asset adoption, underpinned by both regulatory clarity and financial innovation,” stated Jack McDonald, Ripple’s Senior VP of Stablecoins. “This launch marks an important step in expanding access to transparent, regulated USD-backed stablecoins like RLUSD for financial institutions, consumers, and businesses in Japan.”

    Tomohiko Kondo, CEO of SBI VC Trade, also expressed his satisfaction with the enduring partnership between his company and Ripple, highlighting the RLUSD launch in Japan as a significant recent achievement for both organizations.

    Despite facing legal challenges in the United States, Ripple successfully launched its proprietary stablecoin in late 2024. Primarily targeting institutional investors, RLUSD has experienced considerable adoption growth across various sectors over the past two years, including from major entities like Mastercard.

    Ripple has engaged with numerous exchanges to bolster the stablecoin’s usability and liquidity. Data from CoinGecko indicates that RLUSD’s market capitalization has reached $1.6 billion, a figure slightly below the $1.7 billion reported by Ripple. Nonetheless, it remains among the top 50 largest cryptocurrencies by market cap and ranks as the 10th largest within the stablecoin sector.

  • Bybit Supports Base Mainnet Upgrade

    Bybit Supports Base Mainnet Upgrade

    Bybit to Support Base Mainnet Network Upgrade

    Cryptocurrency exchange Bybit has announced its support for the upcoming Base Mainnet v1.1.1 network upgrade. The upgrade is scheduled to occur on June 25, 2026, at 6:00 PM UTC.

    Service Suspensions

    To facilitate a seamless transition during the upgrade process, Bybit will temporarily suspend deposits and withdrawals on the Base Mainnet. This suspension will commence on June 25, 2026, at 5:45 PM UTC.

    Unaffected Services

    Trading activities on the platform will remain unaffected by the network upgrade.

    Resumption Notifications

    Bybit will not issue separate announcements regarding the resumption of deposit and withdrawal services. Users seeking to be notified when these services are back online are advised to visit the Deposit or Withdrawal page and activate the “Set Alert” feature.

    Further details regarding the network upgrade can be found in the official release notes.

  • Bybit Lists Zero Gravity (0G) Network Upgrade

    Bybit Lists Zero Gravity (0G) Network Upgrade

    Bybit to Support Zero Gravity Network Upgrade

    Cryptocurrency exchange Bybit has announced its support for the upcoming Zero Gravity (0G) v1.0.6 network upgrade. The upgrade is scheduled to occur on June 26, 2026, at 00:00 AM UTC.

    In preparation for the upgrade, Bybit will temporarily suspend deposits and withdrawals for the Zero Gravity (0G) network. This suspension will commence on June 25, 2026, at 11:30 PM UTC.

    Trading activities on the platform will remain unaffected during this period.

    Bybit has stated that there will be no separate announcements regarding the resumption of deposit and withdrawal services. Users wishing to be notified when these services are back online are advised to visit the Deposit or Withdrawal page and activate the “Set Alert” function.

    Further details regarding the network upgrade can be found in the official release notes.

  • Bybit to Support Polygon Network Upgrade

    Bybit to Support Polygon Network Upgrade

    Bybit to Support Polygon Network Upgrade, Halting Deposits and Withdrawals Temporarily

    Cryptocurrency exchange Bybit has announced its support for the upcoming Polygon (POL) network upgrade, version 0.9.0. The upgrade is scheduled to occur on June 25, 2026, at 2:00 PM UTC.

    In preparation for the network enhancement, Bybit will temporarily suspend all deposits and withdrawals for Polygon (POL) starting at 1:45 PM UTC on June 25, 2026. The exchange has assured users that trading activities will remain unaffected during this period.

    Bybit has stated that no further announcements will be made regarding the resumption of deposit and withdrawal services. Users seeking to be notified when these services are back online are advised to visit the Deposit or Withdrawal page and activate the “Set Alert” feature.

    Further details concerning the Polygon network upgrade can be found in the official release notes.

  • Pump.fun Tokens Face Near-Total Launch Day Collapse: CoinGecko

    Pump.fun Tokens Face Near-Total Launch Day Collapse: CoinGecko

    Nearly 70% of Tokens Launched on Solana’s Pump.fun Cease Trading on Launch Day

    A significant majority of meme coins introduced on the Solana-based launchpad Pump.fun since January 2024 have failed to sustain trading activity beyond their initial day of release, according to a new analysis by CoinGecko.

    The study, which examined over 18.67 million tokens launched on the platform (excluding those with no trading activity whatsoever), found that approximately 69% of these tokens, equating to around 12.8 million, saw their final trade on the same day they were created. This indicates that these tokens did not remain active for more than a single calendar day. Overall, only about 850,000 tokens, representing 4.55% of all launches, managed to survive for longer than 90 days.

    In its latest report, CoinGecko attributed this high failure rate to the ease with which tokens can be created on Pump.fun. The platform’s low barriers to entry enable creators to launch a large volume of tokens and quickly pivot to new projects if initial interest fails to materialize.

    An additional 2.18 million tokens ceased trading just one day after their launch, meaning they carried over into the next calendar day but could not maintain engagement. CoinGecko suggested this pattern is consistent with tokens that briefly gained visibility through trending feeds or influencer mentions before interest rapidly dissipated. Combined, approximately 15 million tokens stopped trading either on their launch day or the following day, indicating that over 80% of all analyzed tokens failed within the first two days.

    Furthermore, there has been a consistent decline in token survival rates beyond the initial few days. Around 770,249 tokens, or more than 4%, remained active for two to three days, while 642,614 tokens, or 3.4%, survived between four and seven days. Another 460,697 tokens, representing 2.5%, continued trading for eight to 14 days.

    The broader meme coin market has been experiencing a downturn for months, having lost the strong momentum observed during the previous market cycle. Several recovery attempts this year have failed to gain significant traction, leaving many popular tokens trading well below their previous all-time highs. Recent market volatility has further intensified this pressure.

    For instance, the original meme coin, Dogecoin (DOGE), has seen a decline of nearly 25% over the past month. Shiba Inu (SHIB) also experienced a drop of nearly 20% during the same period, while Pepe (PEPE) shed over 27%.

  • Bitcoin Plummets: The Hidden $23K Collapse Revealed

    Bitcoin Plummets: The Hidden $23K Collapse Revealed

    Bitcoin’s Steep Decline: A Six-Week Meltdown

    The age-old adage, “sell in May and go away,” has once again proven prescient for the cryptocurrency markets. Merely six weeks ago, Bitcoin had seemingly reasserted its dominance above the $80,000 mark, even soaring to a multi-month high of nearly $83,000. Sentiment was on an upward trajectory, with some analysts forecasting a summer surge to $100,000.

    However, the market sentiment took a sharp and brutal turn, leading to a vigorous rejection of Bitcoin’s ascent. The subsequent decline has been nothing short of precipitous, with the digital asset dropping below $60,000 earlier today for the second time in June.

    Amidst the market’s slide to fresh lows, popular analyst Ali Martinez highlighted the Coinbase Premium metric. CryptoPotato had previously reported on Bitcoin’s dip below $60,000, noting its ability to hold above the $59,000 level before reclaiming its previous position.

    Martinez pointed to the Coinbase Premium as the most significant indicator over the past six weeks, which tracks the price difference of Bitcoin on Coinbase compared to Binance. Typically, a positive (green) premium signifies robust accumulation by U.S. investors, often institutional players, on Coinbase, driving its price higher than on international exchanges.

    Conversely, the past 46 days have seen a consistent absence of this “green” trend. As Martinez explained, “A negative premium means BTC is trading cheaper on Coinbase, suggesting that US institutional buying pressure has dried up.”

    He posits that this slowdown mirrors the significant outflow from U.S.-based spot Bitcoin Exchange-Traded Funds (ETFs). These funds have experienced approximately $5 billion in redemptions within the same timeframe, indicating that “American smart money appears to be sitting on the sidelines, waiting for macroeconomic clarity before re-entering the accumulation phase.”

    As previously noted, the performance of these ETFs is among several potential catalysts for Bitcoin’s recent downturn. Other contributing factors include geopolitical uncertainties, such as the conflict involving Iran, a strengthening U.S. dollar, and even profit-taking by long-term investors. However, a notable emerging concern is the FUD surrounding Strategy and its Stretch shares.

    Strategy’s STRC shares have fallen below their par value of $100, currently trading at a substantial discount of $80. This situation places increased pressure on the company’s Bitcoin acquisition strategy, disrupting its “flywheel” effect and potentially forcing it to offer higher yields. Some analysts suggest this could lead to significant Bitcoin sales by Strategy.

  • Microsoft AI Forecasts Massive Solana Surge by 2026

    Microsoft AI Forecasts Massive Solana Surge by 2026

    Microsoft Copilot AI has projected a range for Solana’s price by the end of 2026, with estimates varying from plausible to highly ambitious, contingent on the performance of the next two quarters. The model suggests a base bull market range of $250 to $400, with a potential “blow-off” scenario reaching as high as $600.

    Bull Case Drivers

    The optimistic outlook for Solana is underpinned by three specific developments, rather than generalized optimism.

    The Alpenglow upgrade is enhancing validator efficiency and network throughput, directly reinforcing Solana’s core proposition as the fastest blockchain available.

    Furthermore, inflows into spot Bitcoin ETFs have already surpassed the billion-dollar mark, indicating a tangible commitment of institutional capital, not merely speculative projections.

    Real-world adoption is also gaining traction, exemplified by Western Union’s integration of Solana-based stablecoin payments into its network. This use case extends significantly beyond typical cryptocurrency trading activities.

    Developer activity provides further support, with Solana’s share of active developers consistently increasing, solidifying its position as a leading high-performance blockchain. If improvements in validator performance, sustained ETF demand, and continued enterprise adoption compound, the model forecasts a trajectory toward the $250 to $400 price zone, with $600 remaining a possibility if all favorable factors align simultaneously.

    Bear Case Considerations

    The pessimistic scenario highlights what is currently lacking. The total value locked in decentralized finance (DeFi) has decreased by half from its 2025 peaks, fee revenue driven by memecoins has largely collapsed, and the substantial ETF inflows have yet to translate into sustained price appreciation.

    Should macroeconomic conditions tighten further, or if the network encounters new performance issues, Solana could potentially retrace to the $60 to $70 range and consolidate there, rather than breaking out to higher levels.

    Technical Analysis

    Solana is currently trading at $69.41, following a significant decline from its summer highs above $250. This downward movement has been characterized by a prolonged downtrend with only minor upward corrections.

    The price recently rebounded from a low near $60 in early June and has seen modest gains since, currently hovering just below $70. This formation of a higher low after a steep decline can often signal a weakening of selling momentum.

    Immediate resistance is observed around $90, followed by a more significant barrier at $100, a level where the price has stalled on multiple occasions this year. Support remains at $60, the same level that held during the most recent dip.

    The Relative Strength Index (RSI) stands at 42.58, with its signal line at 43.79, indicating that momentum is slightly below its average and has remained relatively flat following the recent bounce. This narrow gap suggests that the rebound from the lows has not yet translated into robust underlying strength.

    Overall momentum appears to be stabilizing rather than trending decisively in either direction. Given the current disconnect between the substantial ETF inflows and Solana’s price action, a clear break above $100 may be necessary before the $250 target begins to appear more attainable than aspirational.

    Market Dynamics and Infrastructure Plays

    Major cryptocurrencies like Bitcoin, Ethereum, and XRP have been testing persistent resistance levels for weeks without significant breakthroughs.

    The timing of macroeconomic catalysts and institutional adoption trends often shifts, leading to extended waiting periods for assets whose future performance hinges on external decisions.

    Profitable market cycles are often driven by capital that moves proactively, relocating before the ultimate destination becomes widely recognized.

    Smaller market capitalization infrastructure projects operate on different principles than large-cap assets. A capital rotation that would be negligible for Bitcoin can significantly impact the valuation of an undiscovered project. The opportunity lies in the discrepancy between a project’s intrinsic value and its current market valuation, a gap that closes upon market discovery.

    Multi-chain fragmentation poses a persistent and costly challenge in DeFi, with networks like Bitcoin, Ethereum, and Solana operating as isolated systems lacking native interoperability. Each transfer of value between these chains incurs costs through fees, slippage, and failed transactions.

    LiquidChain aims to address this by enabling free cross-chain transactions within a unified execution environment, offering single deployment and complete ecosystem access without transaction taxes. The project’s presale is currently priced at $0.01454, having raised over $860,000, positioning it as an early-stage opportunity.

    However, the execution and adoption of LiquidChain remain unproven. Established assets offer predictability within known market parameters, whereas LiquidChain represents an entry point that may cease to exist once it gains market recognition.