PwC&#8217;s penalties highlight the critical need for rigorous auditing standards, 
impacting investor trust and reshaping the audit industry landscape.
The post PwC cuts partner payouts after record fine in China Evergrande audit 
appeared first on Crypto Briefing.

PwC&#8217;s penalties highlight the critical need for rigorous auditing standards, impacting investor trust and reshaping the audit industry landscape. The post PwC cuts partner payouts after record fine in China Evergrande audit appeared first on Crypto Briefing.

PwC cuts partner payouts after record fine in China Evergrande audit

A significant BOJ rate hike could disrupt global markets, altering risk 
dynamics and signaling a shift from Japan&#8217;s long-standing monetary policy.
The post Mitsubishi UFJ warns Bank of Japan may need jumbo rate hike to 
support yen appeared first on Crypto Briefing.

A significant BOJ rate hike could disrupt global markets, altering risk dynamics and signaling a shift from Japan&#8217;s long-standing monetary policy. The post Mitsubishi UFJ warns Bank of Japan may need jumbo rate hike to support yen appeared first on Crypto Briefing.

Mitsubishi UFJ warns Bank of Japan may need jumbo rate hike to support yen

Friday’s selloff pushed XRP deeper into the red, completing a 22% retrace over 
the past 30 days and sending the token below $1.10 for the first time since 
November 2024. For many, this move immediately raises the most important 
question in the current climate: could the altcoin reach the $1 mark again 
soon, or is a fall below this level now on the cards? Could XRP Drop 40% 
Toward $0.70? In a new report, market expert Sam Daodu flags that the broader 
technical picture is now fully bearish across multiple timeframes. He notes 
that XRP is trading below its 20, 50, 100, and 200-day moving averages (MAs), 
a configuration that typically signals sellers remain in control no matter 
what chart window investors look at. The expert said there is not much support 
once XRP trades at $1.09. Around $1.05, buyers have tended to show interest, 
and then $1 is the next major psychological floor where demand often appears 
simply because it is a round number. Related Reading: Hyperliquid Strategies 
Stays Profitable: Strategy And Bitmine Record Losses Above $10 Billion Even 
more concerning, some chart analysts he references in the report believe the 
cryptocurrency could drop as much as another 40% from current levels if the 
risk-off trend continues, which would place the token around $0.70. Yet on- 
chain data tells a different story. Monthly RSI Hits Rare Oversold Reset The 
number of XRP wallets holding at least 10,000 tokens hit a record 332,230 in 
May, and that group has continued to grow through each drawdown of 2026. 
Meanwhile, wallets holding 1 million or more XRP added a net 42 new addresses 
since January—its first increase in millionaire wallets since September 2025. 
Whale behavior also appears to be tightening around supply. Whales holding 10 
million or more XRP control 45.83 billion tokens, representing 68.5% of the 
circulating supply, the highest concentration since May 2018. In addition, 
whale outflow dominance on Binance recently reached 91.4%, the highest reading 
since 2024. Daodu notes that when Binance outflow dominance last hit similar 
levels—October 2024—XRP later rallied from about $0.50 to above $3 in the 
months that followed. There is also a longer-cycle technical signal that Daodu 
says does not show up often. XRP’s monthly Relative Strength Index (RSI) has 
fallen into the oversold reset zone for only the fourth time in 13 years. Each 
of the earlier RSI resets eventually preceded a major reversal in XRP’s 
direction, and Daodu says the fourth occurrence is now forming with XRP 
sitting around $1.09. Two Hope Beacons In The Downtrend While whales and long- 
cycle chart signals may support the idea of a future rebound, the near-term 
catalyst for many is policy. Daodu points to the CLARITY Act floor vote as a 
potential turning point for XRP’s outlook for the rest of the year. The bill 
cleared the Senate Banking Committee on May 14 and was placed on the Senate 
Legislative Calendar on June 1. That puts it at the fifth stage out of nine 
needed before it can become law, with the full Senate floor vote identified as 
the next major step. If the CLARITY Act clears and the macro environment 
stabilizes, Standard Chartered forecasts XRP could reach $2.80, with a bullish 
range stretching as high as $8. But if the bill stalls before recess and slips 
into a later timeline, such as 2030 or beyond, the bank’s outlook suggests 
prices could retreat toward $0.53. Related Reading: Bitcoin Crashes Near 
$60,000: $62B In Treasuries Erased, Analyst Sees Potential Bottom Ahead On 
whether the altcoin will drop below $1, Daodu’s view is more conditional than 
definitive. He suggests the altcoin could likely test $1 before this leg of 
the sell-off ends, and whether the level breaks depends on two key factors. 
The first is whether Bitcoin (BTC) can reclaim and consolidate above $60,000. 
Daodu says if BTC slides into the $55,000 zone, XRP would likely follow 
regardless of its own fundamentals. The second factor is whether the CLARITY 
Act receives a Senate floor vote before the August recess. If that vote 
happens and the bill clears, the upside could become attractive enough for 
institutional money to re-engage—potentially prompting a rally from whatever 
low XRP marks during the downturn. Featured image created with OpenArt; chart 
from TradingView.com

Friday’s selloff pushed XRP deeper into the red, completing a 22% retrace over the past 30 days and sending the token below $1.10 for the first time since November 2024. For many, this move immediately raises the most important question in the current climate: could the altcoin reach the $1 mark again soon, or is &#8230;

XRP To $0.70 Next? The Case For Another 40% Crash

Xi&#8217;s visit to North Korea may reshape geopolitical alliances, indirectly 
influencing global markets and strategic economic partnerships.
The post Xi Jinping heads to North Korea for first time since 2019, and crypto 
markets are watching the geopolitical chessboard appeared first on Crypto 
Briefing.

Xi&#8217;s visit to North Korea may reshape geopolitical alliances, indirectly influencing global markets and strategic economic partnerships. The post Xi Jinping heads to North Korea for first time since 2019, and crypto markets are watching the geopolitical chessboard appeared first on Crypto Briefing.

Xi Jinping heads to North Korea for first time since 2019, and crypto markets are watching the geopolitical chessboard

The US-Taiwan semiconductor partnership enhances geopolitical stability by 
deepening economic ties and deterring potential military conflicts.
The post Taiwan Semiconductor Manufacturing strengthens silicon shield 
strategy with $250B US investment deal appeared first on Crypto Briefing.

The US-Taiwan semiconductor partnership enhances geopolitical stability by deepening economic ties and deterring potential military conflicts. The post Taiwan Semiconductor Manufacturing strengthens silicon shield strategy with $250B US investment deal appeared first on Crypto Briefing.

Taiwan Semiconductor Manufacturing strengthens silicon shield strategy with $250B US investment deal

Nvidia&#8217;s new R&amp;D center in South Korea could strengthen its AI and robotics 
capabilities, leveraging local expertise and strategic partnerships.
The post Nvidia plans to recruit talent for South Korea R&amp;D center appeared 
first on Crypto Briefing.

Nvidia&#8217;s new R&amp;D center in South Korea could strengthen its AI and robotics capabilities, leveraging local expertise and strategic partnerships. The post Nvidia plans to recruit talent for South Korea R&amp;D center appeared first on Crypto Briefing.

PwC cuts partner payouts after record fine in China Evergrande audit

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