Digital asset infrastructure companies have seen more attention in recent years, with some fundraises in the hundreds of millions of dollars.

Turnkey raises $30M for crypto open infrastructure layer

Bitcoin price started a fresh increase above the $106,000 zone. BTC is now 
consolidating and might attempt to clear the $110,500 resistance. Bitcoin 
started a fresh upward move above the $107,000 zone. The price is trading 
above $107,000 and the 100 hourly Simple moving average. There is a bullish 
trend line forming with support at $106,850 on the hourly chart of the BTC/USD 
pair (data feed from Kraken). The pair could start a fresh decline if it 
breaks the $105,000 support zone. Bitcoin Price Gains Pace Bitcoin price 
started a fresh increase after it settled above the $103,500 support zone. BTC 
was able to surpass the $104,400 and $105,000 resistance levels. The bulls 
even pumped the price above the $108,000 resistance. A high was formed at 
$110,550 and the price is now consolidating gains above the 23.6% Fib 
retracement level of the upward move from the $100,400 swing low to the 
$110,550 high. Bitcoin is now trading above $108,000 and the 100 hourly Simple 
moving average. There is also a bullish trend line forming with support at 
$106,850 on the hourly chart of the BTC/USD pair. On the upside, immediate 
resistance is near the $110,000 level. The first key resistance is near the 
$110,500 level. The next key resistance could be $112,500. A close above the 
$112,500 resistance might send the price further higher. In the stated case, 
the price could rise and test the $113,800 resistance level. Any more gains 
might send the price toward the $115,000 level. Another Decline In BTC? If 
Bitcoin fails to rise above the $110,500 resistance zone, it could start 
another decline. Immediate support is near the $108,200 level. The first major 
support is near the $106,500 level and the trend line. The next support is now 
near the $105,500 zone and the 50% Fib retracement level of the upward move 
from the $100,400 swing low to the $110,550 high. Any more losses might send 
the price toward the $103,500 support in the near term. The main support sits 
at $102,000, below which BTC might gain bearish momentum. Technical 
indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. 
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 
level. Major Support Levels – $108,000, followed by $106,500. Major Resistance 
Levels – $110,500 and $112,500.

Bitcoin Price Rises Again—Are Bulls Charging Toward a New All-Time High?

The UK Insolvency Service has hired a former police investigator to help 
creditors recover cryptocurrency from failed companies and criminal cases.

UK appoints specialist to recover crypto from bankruptcy cases

Ripple ignites Japan’s Web3 future with major funding push for XRP Ledger 
startups, targeting DeFi, tokenized assets, and digital payments. Ripple 
Sparks XRPL Wave in Japan With $200K Support Plan per Project Ripple Labs 
announced on June 9 that it has entered a partnership with Web3 Salon, a 
project supported by the Japan External Trade […]

Ripple Backs XRP Ledger Startups in Japan With up to $200K per Project

Data shows the demand for spot exchange-traded funds (ETFs) has cooled off for 
Bitcoin, while Ethereum has continued to attract inflows. Bitcoin Has Ended A 
Streak Of Positive ETF Flows In a new thread on X, the on-chain analytics firm 
Glassnode has talked about how the total balance of the US spot ETFs has 
changed for Bitcoin and Ethereum recently. The spot ETFs refer to investment 
vehicles that provide an alternate means of gaining exposure to a 
cryptocurrency&#8217;s price movements in a manner that&#8217;s familiar to traditional 
investors. Related Reading: Crypto Suffers $1 Billion Flush As Musk-Trump Feud 
Shakes Bitcoin These ETFs are a relatively new presence in the sector, but 
they have gained sufficient popularity to become a key part of the market. 
Investors who previously avoided digital assets due to the perceived 
complexity of wallets and exchanges can now invest through ETFs, which trade 
on traditional exchanges. The US Securities and Exchange Commission (SEC) 
approved the spot ETFs for Bitcoin back in January 2024. They got approval for 
Ethereum half a year later, in July 2024. First, here is how the balance held 
by the spot ETFs has changed for Ethereum since their inauguration: As 
displayed in the above graph, the total balance of the Ethereum spot ETFs has 
been on the rise recently. In fact, the cryptocurrency has now seen four 
straight weeks of net inflows. In all, 97,800 ETH have entered into the 
wallets associated with these ETFs during this green netflow streak. Though 
despite the continuous inflows, their total holdings are yet to hit the 3.81 
million ETH peak from February, as they currently sit at 3.77 million ETH, 
about 41,000 tokens lower. &#8220;Accumulation is steady, but room remains for 
further upside,&#8221; notes Glassnode. Bitcoin has also seen growth in its spot ETF 
holdings recently, but unlike Ethereum, the number one digital asset saw the 
metric surpass its high from February last month. That said, while the Bitcoin 
spot ETFs were enjoying inflows until very recently, the trend has changed 
during the past week as net outflows have occurred instead. This has been the 
first negative week in eight for the BTC ETFs. &#8220;Total holdings are now 1.20M 
BTC, down ~11.5K BTC from the late-May peak,&#8221; explains the analytics firm. &#8220;A 
pause in demand after a strong run-up &#8211; watch for signs of re-acceleration.&#8221; 
Related Reading: Bitcoin RSI Dips Below 30—Is A New All-Time High Next? It now 
remains to be seen how things will develop in the coming days for the top two 
cryptocurrencies and whether the divergence that is starting to develop 
between them will only take further hold. BTC Price Bitcoin has seen a jump of 
about 2% during the past day and has recovered to $107,600. Featured image 
from Dall-E, Glassnode.com, chart from TradingView.com

Bitcoin & Ethereum Diverge—ETF Flows Just Flipped The Narrative

Billionaire investor Ray Dalio warns the U.S. is nearing a catastrophic 
breaking point, as spiraling debt, social division, and fiscal dysfunction 
mirror pre-civil war historical collapse. Ray Dalio Predicts US Breakdown as 
Debt Soars and Unity Cracks Billionaire hedge fund manager Ray Dalio shared a 
lengthy post on social media platform X on June 9, […]