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

As Bitcoin (BTC) came close to slumping below the psychologically important 
$100,000 mark last week, the short-term holders (STH) cohort started to show 
signs of weakening conviction in the leading cryptocurrency, raising fears of 
a deeper price correction. Bitcoin STH Fear Resurfaces According to a recent 
CryptoQuant Quicktake post by contributor Darkfost, Bitcoin STH’s net position 
has turned sharply negative over the past month. This has happened despite BTC 
holding above the $100,000 level. For the uninitiated, Bitcoin STH are 
investors who have held their BTC for less than 155 days. They are generally 
more reactive to price volatility and market sentiment, often selling during 
corrections or uncertainty. Specifically, a cumulative net position change of 
-833,000 BTC has been recorded among short-term holders during the ongoing 
pullback. By comparison, the April crash saw a net position change of around 
-977,000 BTC. Related Reading: Bitcoin Signals Strength As Long-Term Holder 
Realized Cap Surges Past $20 Billion – Details Darkfost noted that current STH 
behavior closely resembles the activity observed during BTC’s brief drop below 
$80,000 in April 2025, when the digital asset bottomed out at $74,508. The 
analyst wrote: Since then, STH appear to have become much more sensitive to 
market movements, and the recent dip around the $100,000 mark was enough to 
trigger renewed fear among this group of investors. BTC Showing Signs of 
Reversal Although BTC lost momentum after reaching its latest all-time high 
(ATH) of $111,814, the leading cryptocurrency regained strength over the 
weekend &#8211; indicating a possible reversal may be underway. Related Reading: 
Bitcoin Derivatives Reset: Neutral Funding And Whale Withdrawals Hint At 
Bullish Shift For example, seasoned crypto analyst Ali Martinez noted that BTC 
has broken through the key resistance level at $106,600. In a recent X post, 
Martinez predicted that Bitcoin could rally to $108,300 or even $110,000 if 
current momentum continues. In a separate X post, fellow crypto analyst Rekt 
Capital shared the following Bitcoin daily chart, noting that the 
cryptocurrency not only broke out of its two-week downtrend &#8211; highlighted in 
light blue &#8211; but may now be turning that former resistance into a new support 
level. Meanwhile, several technical indicators also point to continued bullish 
momentum. Notably, Bitcoin’s Hash Ribbons have recently flashed a prime buying 
signal. Additionally, on-chain data suggests that BTC could experience a sharp 
upward move in the short term, potentially driven by a negative funding rate 
on Binance. A prolonged period of negative funding rates often sets the stage 
for a short squeeze. Despite the bullish outlook, some red flags remain. 
Recent data shows that long-term holders are gradually exiting the market, 
while an influx of retail investors could add volatility to the current rally. 
At press time, BTC trades at $107,627, up 1.9% in the past 24 hours. Featured 
image from Unsplash, charts from CryptoQuant, X, and TradingView.com

Bitcoin On-Chain Warning: Short-Term Holder Selling Accelerates Amid Price Correction

Amazon made similar commitments in North Carolina, with $10 billion earmarked 
to expand its data center infrastructure in the US State.

Amazon doubles down on AI with $20B Pennsylvania investment

New York City-based Bitcoin investment company Parataxis Holdings is exploring 
a public listing via merging with SilverBox Corp IV, a special purpose 
acquisition company.

Crypto platform Parataxis eyes public listing via SPAC merger

A Russian national faces 22 charges for laundering $530 million through 
cryptocurrency, using his companies to bypass U.S. sanctions and defraud 
financial institutions. 22 Charges Filed Against Russian National in $530M 
Crypto Scheme The U.S. Department of Justice (DOJ) announced on June 9 that 
Iurii Gugnin, a Russian national living in New York, faces 22 […]

Russian National Hit With 22 Charges for Laundering $530M in Crypto

Bitcoin surged roughly 3.8% over the past 24 hours, briefly breaking above the 
$110,000 mark before settling around $109,600 by Tuesday morning Asian hours. 
This move marks Bitcoin’s (BTC) strongest performance in June so far, 
reversing last week’s drop that…