Cardano showed the deepest negative reading, placing it in a stronger historical accumulation zone by MVRV standards. During the recent market sell-off, several major crypto assets fell into historic “buy zones,” as indicated by their 30-day MVRV metric, which flashed signals seen in other cycles, according to on-chain analytics firm Santiment. The firm added
Key Takeaways Bitcoin hit a 2026 low of $59,100 last Friday, sending its market cap below $1.2 trillion for the first time since Oct. 2024. Capriole’s Charles Edwards pegs bitcoin’s electrical-cost floor at $50,000 as spot prices test the production cost. Miner profitability has slumped to a 14-month low, pushing weaker rigs toward shutdown territory.
Crypto markets have been penalized with downside volatility amid historic levels of US margin debt relative to income. Source link
The EU’s tech sovereignty package targets cloud, chips, AI infrastructure, and open source as Europe tries to reduce foreign tech dependence. The post EU Unveils ‘Sovereignty Package’ to Break Reliance on US, Chinese Tech appeared first on TechRepublic. Source link
RippleX developers are applying formal verification to the XRP Ledger’s planned native lending system before Mainnet activation. It covers XLS-66 Lending Protocol and XLS-65 Single Asset Vaults. Summary Ripple and Common Prefix are formally verifying XRPL lending code before validators consider Mainnet activation. Formal models can expose edge cases that conventional testing may miss in
In crypto news today (June 9), the market is sitting relatively flat, with Bitcoin barely holding on to $63,000 on this Tuesday after a +0.2 overnight move. Liquidations continue to slow, with just $301M in positions liquidated and, most notably, the split between longs and shorts is nearly even. Of the other major caps, Cardano
Iran’s largest crypto exchange, Nobitex, is experiencing issues with its Tether/Toman trading pair during a 700% surge in outflows. Source link
Kalshi named Sportradar its official data and odds provider across MLB, NHL, MLS and the UFC. Kalshi gains two Sportradar integrity tools (UFDS AI and the Integrity Exchange) to flag suspicious trades. About 11 states have moved against Kalshi’s sports contracts as illegal betting, while the CFTC backs it. Official data, and an integrity shield
The Mini is a bite-sized version of The New York Times‘ revered daily crossword. While the crossword is a lengthier experience that requires both knowledge and patience to complete, The Mini is an entirely different vibe. With only a handful of clues to answer, the daily puzzle doubles as a speed-running test for many who
Metaplanet has reiterated that share buybacks remain a potential capital allocation tool after its mNAV ratio fell to 0.92x, a level the company says could support accretive purchases for shareholders. Summary Metaplanet said it could consider share buybacks after its mNAV ratio fell below 1.0x, a level the company views as potentially beneficial for BTC