TL;DR

• Altcoins are facing one of their heaviest spot-selling stretches in years, according to CryptoQuant-linked market analysis.
• The cited data points to a roughly $209 billion cumulative buy/sell volume gap across a long net-selling period.
• The pressure reflects weak retail demand, rotation into stablecoin yield and continued caution outside Bitcoin and Ethereum.
• The setup may interest contrarian traders, but the data does not confirm an immediate altcoin-season reversal.

Altcoin Sellers Still Have Control

Altcoins are still struggling under heavy spot-market selling pressure, with CryptoQuant-linked market analysis pointing to one of the deepest net-selling stretches since 2020. The cited data shows a roughly $209 billion cumulative buy/sell volume difference across a prolonged period of selling, underlining how weak the broader altcoin bid has become.

That matters because spot flows tend to reveal whether traders are actually accumulating assets or simply rotating through short-term momentum. In this case, the signal remains defensive. Outside a handful of stronger narratives, many altcoins continue to trade as if investors are reducing exposure rather than positioning aggressively for a broad market recovery.

Why The Pressure Has Lasted

The altcoin market has spent much of the cycle competing with safer or more obvious alternatives. Bitcoin has absorbed institutional flows through ETF demand, Ethereum has kept attention around staking, upgrades and tokenization, while stablecoins and yield products have offered traders a way to stay liquid without taking small-cap risk.

That leaves many altcoins stuck in the middle. They are too risky for conservative capital, but not always volatile enough to attract speculative momentum. When retail demand fades, liquidity dries up quickly. That is why long periods of net selling can do so much damage: each bounce meets holders looking to exit, and new buyers demand a deeper discount.

The Contrarian Argument

The more interesting part of the setup is that extreme selling can eventually become a contrary signal. Market stress does not automatically mean a bottom is in, but it can show that positioning has become one-sided. If most weak hands have already sold, the market needs less new demand to stabilize.

That is where altcoin-season gauges come in. Readings in the mid-range — rather than deeply euphoric territory — suggest the market is not crowded with speculative altcoin enthusiasm. For traders, that can be useful. It means the next broad altcoin move, if it comes, is more likely to begin from skepticism than from obvious hype.

No Clean Bottom Signal Yet

The danger is reading exhaustion as confirmation. Altcoins can stay weak for longer than traders expect, especially when Bitcoin dominance remains high or macro conditions keep liquidity tight. A deep sell-pressure reading tells us the market is stressed; it does not prove that buyers are ready to take control.

The cleanest bullish version would be a shift from net selling to sustained spot accumulation, paired with improving breadth across major altcoin sectors. Until then, this looks less like a guaranteed altseason trigger and more like a pressure gauge. It says altcoins are deeply out of favor. Whether that becomes opportunity or another failed bounce depends on whether real demand finally returns.

This article was written by the Bitcoinist News Desk and edited by Samuel Rae.

This report is based on information from CryptoQuant. at CryptoQuant

I've been seriously considering doing this, today I called a credit union and they estimated 8.9% apr. I did the math if I buy Bitcoin at around 65k ill need it to go to 85k to break even. I'm planning to hold onto it until 2029 or 2030 and then using the profit as a downpayment on a house- or I might use the Fannie mae loan and put it up as collateral and retain the Bitcoin. I've been looking at tons of estimates on where Bitcoin will be - bitbo, reddit, chat gpt, friends, anything I can find. My general conclusion is that it will be somewhere between 150 and 240k in 2029-2030. What are peoples thoughts on this plan? Where do people think Bitcoin will be at this time? Does anyone predict Bitcoin just flat out dies- if so how? I feel like worst case scenario it hovers around 70k for 4 or 5 years before spiking up in which case id just have to keep holding onto it. I truly believe that with enough time it will just eventually go up though. I currently own a out 0.3 Bitcoin but with this loan I'm looking at 0.75 and over the next few years I'll probably invest EVEN MORE into just to get to a whole coin.

TL;DR

• Kraken has added on-chain Solana token trading directly inside its main app.
• Eligible users in the US and more than 100 countries can access around 2,500 Solana-based tokens at launch.
• The exchange says users do not need a separate wallet, seed phrase or app-switching flow.
• The move shows major exchanges trying to absorb more DeFi activity into mainstream retail interfaces.

Kraken Moves DeFi Into The Main App

Kraken has added on-chain Solana token trading directly inside its core retail app, giving eligible users access to thousands of Solana-based tokens without pushing them into a separate DeFi wallet flow. The exchange says the feature is live for customers in the United States and more than 100 countries, with around 2,500 verified Solana tokens available at launch.

The launch is a clear attempt to make on-chain trading feel less intimidating. Instead of asking users to create an external wallet, store a seed phrase, bridge assets and manually route swaps through decentralized exchanges, Kraken is wrapping the process inside the interface customers already use.

Why Solana Is The Starting Point

Solana is a natural first network for this kind of product. Its token markets move quickly, liquidity often forms on-chain before centralized listings arrive, and retail traders are already comfortable chasing early-stage Solana assets. For an exchange, that creates both an opportunity and a risk. Users want access to tokens earlier, but the traditional listing process is too slow to capture the full on-chain cycle.

Kraken’s answer is to give users access to decentralized liquidity while keeping the portfolio experience inside the Kraken app. According to the company, on-chain holdings will appear alongside existing Kraken assets, which reduces the mental gap between centralized exchange balances and self-custodial activity.

Embedded Wallets Do The Heavy Lifting

The infrastructure behind the launch is powered by Privy’s embedded wallet technology and Solana DEX protocols. That is the key piece. Users still interact with on-chain markets, but the wallet and transaction mechanics are handled in the background. Kraken is not pretending the assets are ordinary centralized listings; it is giving users a gateway to decentralized markets with fewer visible moving parts.

That distinction matters. On-chain trading can expose users to volatile, illiquid or unaudited assets. Kraken’s own disclosure makes clear that tokens available through the DEX have not necessarily been reviewed or approved in the way a centralized listing might be. In other words, the interface is simpler, but the market risk remains real.

Exchanges Are Chasing The On-Chain User

The broader trend is hard to miss. Major exchanges increasingly know they cannot ignore DeFi activity just because it happens outside their order books. If users are leaving to trade new assets on-chain, exchanges either lose that flow or build tools that make the on-chain experience easier to access.

Kraken’s Solana integration is part of that shift. It does not replace DeFi wallets for power users, and it will not eliminate the risks that come with early token markets. But it could make decentralized trading accessible to a much larger retail audience. If the rollout works, the next test will be whether Kraken can extend the model to more chains without diluting the safety and usability gains that make the product appealing in the first place.

This article was written by the Bitcoinist News Desk and edited by Samuel Rae.

This report is based on information from Kraken. at Kraken

I have a very large batch of testnet4 bitcoin and need some signet BTC. Willing to do 1:1 trades or better for large amounts.

Given this is zero dollar value and not real btc hope it’s not breaking rules.

TL;DR

• Canary Capital’s LTCC is an early test of secondary crypto ETF demand.
• Reported trailing inflows are around $9.3 million, while AUM is lower due to market movement and fund activity.
• The slow start highlights how far altcoin ETF demand trails BTC and ETH products.
• ETF approval alone does not guarantee institutional allocation.

A Slow Start For A Secondary Crypto ETF

Canary Capital’s Litecoin ETF, LTCC, has become an early test of how much investor demand exists beyond Bitcoin and Ethereum products. The official fund page confirms the product structure, while flow tracking cited by The Defiant puts trailing inflows around $9.3 million since launch. That is a small number compared with the scale of spot Bitcoin ETFs and even Ethereum products.

The contrast matters. For years, crypto investors have argued that approval of Bitcoin ETFs would open the door for a wider altcoin ETF market. LTCC gives that thesis an early real-world data point, and so far the signal looks cautious rather than explosive.

Flows And AUM Tell Slightly Different Stories

The flow picture needs careful handling. The reported $9.3 million in trailing inflows is not the same thing as current assets under management. Canary’s fund page lists net assets at a lower level, around $5.43 million in the source pack, which can reflect price movement in Litecoin, redemptions, trading activity, and the difference between cumulative flows and present fund value.

That discrepancy should not be treated as a contradiction. ETF flows and AUM often move differently, especially when the underlying asset is volatile. The point is that both numbers tell the same broad story: institutional demand for a spot Litecoin product remains limited compared with BTC and ETH.

Why Litecoin Demand Is Different

Litecoin has long been one of crypto’s most established proof-of-work assets, and it has often been discussed as a commodity-like network in regulatory conversations. But that history does not automatically translate into institutional demand. For allocators, liquidity, narrative strength, derivatives depth, custody familiarity, and portfolio fit all matter.

Bitcoin has the strongest macro store-of-value pitch. Ethereum has the smart-contract and staking economy narrative. Litecoin’s case is more modest: longevity, payments history, and a relatively clean regulatory profile. That may be enough for a niche ETF, but the early flow data suggests it has not yet become a must-own product for institutions.

What This Means For Altcoin ETFs

The LTCC numbers do not kill the altcoin ETF thesis, but they do make it more selective. Future products tied to Solana, XRP, or other larger narratives may see different demand. Still, the Litecoin example shows that approval alone is not enough. Investors need a reason to allocate.

For traders, the message is straightforward. ETF availability can improve access, but it does not create demand by itself. Until secondary crypto products show stronger flows, Bitcoin and Ethereum are likely to remain the main institutional ETF lanes, while smaller altcoin funds fight for more specialized capital.

This article was written by the News Desk and edited by Samuel Rae.

This report is based on information from Canary Capital and The Defiant. at Canary Capital

On June 12, the Malta Financial Services Authority (MFSA) opened a public consultation on DeFi under the European Union’s Markets in Crypto-Assets (MiCA) regulation. The paper invites industry feedback through July 10 and proposes a new legal category for so-called “software-based organizations,” which would encompass DAOs and other software-governed DeFi entities.

Rather than treating DAOs as a standalone legal concept, the MFSA suggests recognizing them as a type of software-based organization, separating the legal framework governing the organization itself from the rules governing the underlying protocol and software.

Read more

Bitcoin's sudden decoupling from a strong Nasdaq index highlights shifting capital flows into the AI sector.

A strengthening US dollar and high Treasury yields are weighing heavily on non-yielding crypto assets.

Read more

In part of its implementation plan following a national risk assessment released on Thursday, the Irish department of finance said crypto assets presented “very significant” risks related to money laundering and terrorism financing. The government’s 2026 report was the first time in seven years that Ireland released a risk assessment related to digital assets, noting an increase in prosecutions related to money laundering and incidents of fraud in which using crypto was “particularly attractive” to criminal groups.

Source: Government of Ireland

Read more

The Federal Deposit Insurance Corporation (FDIC), Federal Reserve, Office of the Comptroller of the Currency (OCC), National Credit Union Administration and the US Treasury’s Financial Crimes Enforcement Network (FinCEN) on Thursday proposed that stablecoin issuers be treated as regulated financial institutions in regard to verifying users’ identities. The proposed rule comes as part of the implementation of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, signed into law in July 2025.

Source: Federal Register

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According to a white paper shared with Cointelegraph on Thursday, the token would operate as a deposit issued by a participating bank when held within a banking consortium and as a stablecoin backed by cash and short-term Treasurys when transferred outside the so-called Hazel network.

The companies said the system has been running on Ethereum (ETH) since March and is being tested by participating banks ahead of a broader rollout planned for later this year. The platform is designed to support tokenized deposits, stablecoins and other blockchain-based financial assets through a shared banking infrastructure.

Read more

TL;DR

• CryptoQuant reports a spike in Bitcoin Spot Average Order Size near $64,000.
• The metric can help distinguish larger capital flows from smaller retail-driven trades.
• The signal supports a cautious whale-accumulation narrative.
• Average order size is not definitive and can sometimes reflect exchange-side activity.

Large Spot Orders Appear Near A Key Support Zone

CryptoQuant data is pointing to a spike in Bitcoin’s Spot Average Order Size as price tested the $64,000 area, a setup that the Quicktake author interprets as a sign of whale accumulation. The metric measures the average size of spot orders by dividing traded volume by the number of trades, making it useful for spotting whether market activity is being driven by smaller retail orders or larger capital flows.

This kind of signal becomes more interesting when it appears near a support zone. If average order size rises while price is under pressure, it can suggest that larger buyers are absorbing supply rather than waiting for a clean breakout. That does not guarantee a bottom, but it does give traders a reason to watch whether the support area continues to hold.

Why Average Order Size Can Matter

Not all volume is equal. A high-volume session driven by many small trades can reflect panic, retail churn, or short-term speculation. A session where average order size rises sharply can point to larger participants stepping in. For Bitcoin, that often leads analysts to talk about whales, institutions, or high-conviction buyers building exposure during weakness.

Still, the metric should not be read in isolation. Large spot orders can sometimes reflect exchange internal wallet movements, execution batching, or liquidity management rather than outright directional buying. That is why the signal is strongest when it lines up with other evidence such as price stabilization, declining selling pressure, or improving order book depth.

The $64,000 Area Remains The Line To Watch

The $64,000 zone has become a focal point because it sits near recent support while the broader market deals with hawkish macro conditions. A spike in spot order size there suggests larger buyers may be willing to defend the area, but the burden is still on bulls to produce follow-through.

If Bitcoin can hold the level and begin reclaiming nearby resistance, the CryptoQuant signal would look more constructive in hindsight. If support breaks, the same data may simply show that whales bought too early or that accumulation was not strong enough to offset broader selling.

Whale Buying Is A Clue, Not A Guarantee

CryptoQuant’s signal adds a useful layer to the current market picture. It suggests that the correction has not been met only with fear; larger capital may be stepping into spot markets. But traders still need to separate accumulation clues from confirmed trend changes.

The practical takeaway is that Bitcoin’s next move around support matters more than the metric on its own. Whale-sized orders can help build a floor, but they do not remove macro risk, ETF-flow sensitivity, or the need for price to reclaim higher resistance levels. For now, the data supports a cautious accumulation narrative rather than a clean bullish reversal call.

This article was written by the News Desk and edited by Samuel Rae.

This report is based on information from CryptoQuant. at CryptoQuant

I've been following Bitcoin for a couple years now but this is my first cycle where I'm paying close attention to the halving buildup. Every time I look at the discourse it feels like expectations are already priced in way before the event hits. Curious if people who've been through past cycles think the post-halving price action lived up to the anticipation, or if it mostly disappointed short-term holders.

The standalone app, called Wealthsimple Predict, is scheduled to launch this summer and will offer Canadian users access to about 4,000 event contracts listed on Kalshi across categories including financial markets, economic indicators and climate.

Source: Kalshi

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TL;DR

• Glassnode says Bitcoin is still below its $77,200 True Market Mean.
• The metric is a cost-basis model for economically active coins.
• Trading below it suggests the market remains in a repair or bearish regime.
• A reclaim of the level would be more constructive than a simple relief bounce.

Bitcoin Still Below A Key Cost-Basis Line

Glassnode’s latest Week Onchain report shows Bitcoin trading below its True Market Mean, a cost-basis model that the firm says sits around $77,200. With BTC roughly 15% below that level, the report frames the market as still in a repair phase rather than a confirmed bullish recovery.

The True Market Mean is not a magic support or resistance line. It is an onchain model designed to capture the average acquisition price of economically active coins. But because cost-basis models track where different investor cohorts are sitting in profit or loss, traders often use them to understand when sentiment has shifted from stress to recovery.

Why The $77,200 Level Matters

When price trades below a widely watched cost-basis band, it usually means a meaningful portion of active supply is under pressure. That does not automatically mean more downside is coming, but it does help explain why rallies can struggle. Investors who are underwater often sell into rebounds, while short-term holders may hesitate to add exposure until breakeven levels are reclaimed.

Glassnode’s framing is important because it separates market repair from full regime change. Bitcoin can bounce from support, absorb selling, and show accumulation signals while still being below the level that would confirm broader strength. That nuance matters in a market still digesting macro pressure, ETF flows, and changing liquidity expectations.

Short-Term Holder Stress Remains A Watchpoint

The report also points to stress among short-term holders, a group that often drives faster market reactions. When short-term holder metrics remain below breakeven, the market can become more sensitive to bad news because recent buyers are sitting on unrealized losses.

That helps explain why Bitcoin’s move around the $64,000 zone has become so important. A defense of that area may show demand is still present, but a clean reclaim of the True Market Mean would carry a different message: that the active-investor cost basis is no longer acting as overhead pressure.

What Traders Are Watching Next

The setup leaves Bitcoin in a middle zone. On one hand, trading at a discount to the True Market Mean can attract value-focused buyers who believe the market is oversold relative to active investor cost basis. On the other, failure to reclaim the model keeps the bearish-regime argument alive.

For now, the practical takeaway is simple. Bitcoin bulls need more than a relief bounce. They need enough demand to push price back toward higher cost-basis levels and keep it there. Until then, Glassnode’s data suggests the market is still healing, not yet clearly breaking into a new expansion phase.

This article was written by the News Desk and edited by Samuel Rae.

This report is based on information from Glassnode Insights. at Glassnode

In a post on X, co-executive director Hsiao-Wei Wang announced that she had stepped down from her role, effective immediately, following a recent sabbatical. Wang wrote that "Ethereum has always been bigger than any role" and indicated that she has not yet decided what she will do next.

Ethereum co-founder Vitalik Buterin commented on Wang’s an X post, acknowledging that she had taken on “the most challenging position in the Ethereum Foundation” alongside Tomasz Stanczak, who also stepped down from his leadership role earlier this year.

Read more

My buddy lost his BTC yesterday. He Googled "BlueWallet download", clicked the first result (sponsored), and installed what looked like the real thing. It was a clone. His seed phrase was exfiltrated before he realized.

Has anyone else seen this? Google is apparently still serving the ad. How do you verify wallet apps before installing?

With the recent dip I bought btc with everything I got (after I sold it a few days ago I bought back), now I'm at 0.xx BTC. But I even used my emergency fund for it, I literally only have 1k Euros on my bank account for my rent and food, and I'm worried that I have no real savings, it feels pretty risky to have only BTC and nothing else. It doesn't feel like reliable money right now because the price can dump any day without warning, so I guess I should start saving up a new emergency fund using only my income in the nexrt months (not by selling BTC) instead of taking further advantage of the current bear market low prices. How do you guys handle having only BTC and no stocks, fiat?
I would really like to buy more BTC when it falls more, but I also want to save up an emergency fund. Its really not a good feeling when you have to choose

However, investor participation remains subdued, with CryptoQuant's realized cap growth metric remaining in a bear phase since late October 2025. This points to a steady slowdown in fresh capital entering the BTC network.

At the same time, a growing list of key companies going public raises increased competition for liquidity across the investment market, so the focus shifts to whether BTC attracts new capital amid tighter liquidity conditions.

Read more

Anyone else furious about Kraken still holding our Humanity Protocol ($H) tokens hostage?

​Every other major exchange—Binance, Bybit, KuCoin, Gate—already processed the 1:1 token migration and reinstated trading days ago. Meanwhile, Kraken is sitting on their hands, completely stripping away our right to manage our own risk. Their "we're protecting retail" narrative is complete garbage when the house is actively burning down and we aren't even allowed to run for the exit.

​At this point, it feels like they are intentionally dragging their feet to wait out the massive token unlock scheduled for next week. If they keep trading frozen until those millions of tokens flood the market and obliterate the price even further, Kraken users are the only ones getting completely left behind without a single chance to salvage their capital.

​Kraken Support, stop the corporate stalling and give us an actual timeline. Let us trade or transfer our assets. Taking away the sell button isn't protection—it's negligence.