The SEC&#8217;s review of Trump Media&#8217;s Bitcoin ETF filing could influence future crypto investment products and regulatory approaches. The post SEC formally accepts Trump Media&#8217;s Bitcoin spot ETF filing appeared first on Crypto Briefing.

SEC formally accepts Trump Media’s Bitcoin spot ETF filing

An analyst has explained how Dogecoin might have to hold strong above this 
level, if the memecoin has to avoid a 30% price drop. Dogecoin Is Currently 
Trading Inside A Symmetrical Triangle In a new post on X, analyst Ali Martinez 
has shared a chart that shows where Dogecoin currently stands from a technical 
analysis (TA) perspective. Below is the graph in question, showing the trend 
in the 1-day price of the memecoin. From the chart, it&#8217;s visible that the 
Dogecoin price has possibly been trading inside a triangular channel during 
the last few months. The channel hasn&#8217;t appeared to be just any triangle- 
shaped one, either, but a special type called the Symmetrical Triangle. 
Related Reading: Ethereum ETF Frenzy: Inflows Jump 5x While Bitcoin Stalls A 
Symmetrical Triangle forms whenever an asset observes consolidation between 
two trendlines converging at a roughly equal and opposite slope. The upper 
line of the pattern tracks lower highs in the price, and the lower one higher 
lows. As the asset moves inside this channel, its range becomes narrower with 
time, until it shrinks down to a point at the apex. Generally, volatile moves 
are more likely to occur when consolidation tightens, so a breakout of the 
pattern becomes increasingly probable as the price approaches the tip of the 
triangle Symmetrical Triangle breakouts can signal a continuation of the trend 
in the direction of the break. This means that a rise above the pattern can be 
a bullish sign, while a drop below it may be a bearish one. As displayed in 
the chart, the 1-day price of Dogecoin has recently been nearing the end of 
the triangle, a potential sign that a breakout could be imminent. Currently, 
the memecoin is retesting the lower line, so it will be interesting to see 
whether the level holds or if this is where a break would finally happen. 
Unlike the Ascending and Descending Triangles, two other popular types of 
triangular channels in TA, breakouts are usually considered to be equally 
probable in either direction for a Symmetrical Triangle. The reason is simple: 
consolidation occurs in an exactly sideways manner in this pattern. In 
contrast, the Ascending and Descending types slope upward and downward, 
respectively, which can bias the breakout direction. Thus, even if Dogecoin is 
retesting the lower level right now, a rebound and then breakout from the 
upper line may also still be quite possible. That said, in the event that a 
bearish breakout does take place, things can be especially troubling for DOGE, 
as there is another level of importance just nearby. Related Reading: $390M In 
Ethereum Leaves Exchanges—Biggest Daily Exit In Over A Month The level in 
question, situated around $0.168, corresponds to the 0.786 Fibonacci 
Retracement level. Fibonacci Retracement levels are lines defined using ratios 
found in the famous Fibonacci series. &#8220;Dogecoin $DOGE must hold above $0.168 
to avoid a 30% price drop!&#8221; warns the analyst. DOGE Price At the time of 
writing, Dogecoin is trading around $0.177, down over 4% in the last week. 
Featured image from Dall-E, charts from TradingView.com

Dogecoin Must Hold This Level—Or Risk A 30% Price Crash

Bybit is betting big on hybrid finance with Byreal, its new Solana-powered 
decentralized exchange (DEX) merging Wall Street-grade liquidity with DeFi’s 
trustless trading—set to shake up crypto this summer. Bybit Incubates Solana 
DEX Byreal, Testnet Starts June 30 Ahead of Q3 Mainnet Cryptocurrency exchange 
Bybit has unveiled Byreal, its first Solana-based decentralized exchange 
(DEX), with […]

Bybit Debuts Hybrid Exchange Byreal on Solana, Targets Q3 Mainnet Launch

As Bitcoin (BTC) reels amidst escalating geopolitical tensions between Israel 
and Iran &#8211; dropping from $110,530 on June 9 to just above $106,900 today &#8211; 
concerns are mounting that BTC’s upward momentum may have stalled. However, 
on-chain data suggests that both Bitcoin whales and retail investors still 
anticipate further upside for the leading cryptocurrency. Bitcoin Whale And 
Retail Inflows To Binance Tumble According to a recent CryptoQuant Quicktake 
post by contributor Darkfost, Bitcoin inflows to Binance crypto exchange from 
two distinct cohorts &#8211; whales and retail investors &#8211; have fallen to their 
lowest levels in the current market cycle. Related Reading: Bitcoin Upward 
Momentum ‘Highly Likely’ To Continue, On-Chain Data Shows Darkfost shared the 
following chart illustrating that Bitcoin whale inflows to Binance have hit 
their lowest point since 2024. Similarly, retail investor inflows are also at 
their lowest since 2024, signalling a strong preference to hold rather than 
sell. The contributor emphasized that this alignment in behavior between 
whales and retail investors is a “highly constructive signal for the market.” 
Apart from the consistent inflows observed at the start of the current cycle, 
Darkfost identified two previous instances when both groups acted in sync. 
Notably, such periods of aligned behavior have typically coincided with 
previous market tops. These tops were marked by synchronized BTC inflows into 
exchanges, leading to a significant uptick in selling pressure and, 
eventually, market demand exhaustion. Commenting on the recent drop in BTC 
inflows, Darkfost suggested that market participants may be waiting for 
clearer macroeconomic cues or are simply exhibiting high conviction in 
Bitcoin’s long-term potential. They added: Such alignment across investor 
classes may also reflect broader market confidence, with expectations of 
further profits ahead. Recent trading setups support the aforementioned 
outlook. In a separate X post, seasoned crypto analyst Ash Crypto highlighted 
that a Bitcoin whale had opened a massive $200 million long position with 20x 
leverage. Should BTC Holders Be Worried? Despite the encouraging dip in BTC 
inflows to major exchanges like Binance, some analysts warn that a deeper 
correction may be imminent. For example, TradingView analyst MIRZA recently 
predicted that BTC could fall as low as $85,000. Related Reading: Bitcoin Sees 
Negative Funding On Binance – A Classic Setup For A Short Squeeze? Similarly, 
veteran trader Peter Brandt shared a cautionary note, that BTC may see a steep 
slide in the coming months. Brandt stated that if BTC mirrors the 2021-22 
market cycle, then it may risk falling to as low as $23,600. That said, BTC 
outflows from exchanges continue to rise, depleting available reserves &#8211; a 
dynamic that could result in a supply shock. As of this writing, BTC is 
trading at $106,920, up 1.8% over the past 24 hours. Featured image from 
Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin Whale And Retail Inflows To Binance Fall To Cycle Lows, More Upside Ahead?

JPMorgan has filed a new trademark that covers a range of potential crypto- 
services for the bank, which industry commentators speculate could include a 
stablecoin venture.

JPMorgan files ‘JPMD’ trademark for crypto payment services

The Polyhedra Network price bounced back on Monday as investors attempted to 
buy the dip after it plunged by over 87% on Sunday. Polyhedra Network (ZKJ) 
token was trading at $0.374, up 47% from its lowest point this week. This…