Pi Network is under continued pressure as the project&#8217;s tokenomics fails to

Why is Pi Network token down today?

On-chain data shows XRP shark and whale population has climbed to a new record 
alongside a spike in activity on the blockchain. XRP Wallets With 1 Million+ 
Tokens Have Set A New Record In a new post on X, the on-chain analytics firm 
Santiment has discussed the latest trend in a couple of indicators related to 
the XRP network. The first metric of relevance is the &#8220;Supply Distribution,&#8221; 
which tells us, among other things, the number of wallets that belong to a 
particular coin range. Related Reading: Stablecoin Exchange Inflows Plummet 
$61 Billion—Warning Sign For Bitcoin? In the context of the current topic, the 
range of interest is above 1 million coins (with the upper bound being 
infinity). This cutoff for the range converts to about $2.2 million at the 
current exchange rate, which is quite significant. Naturally, the only 
investors who would qualify for this threshold would be the big-money ones. 
Such holders are popularly known as the sharks and whales. Generally, the 
influence of any entity on the network goes up the more coins that they hold, 
so this cohort, with its large holdings, can carry some degree of power. As 
such, the behavior of the sharks and whales can be worth keeping an eye on. If 
nothing else, it can at least inform us about what the sentiment may be like 
among these humongous investors. Now, here is the chart shared by Santiment 
that shows the trend in the Supply Distribution of these 1 million+ holders 
over the past year: As displayed in the above graph, the XRP Supply 
Distribution has recently registered an uptick for sharks and whales, implying 
more wallets carrying above a million coins have popped up on the network. 
This could be an indication that some new big-money investors have potentially 
joined the chain. Following the increase, the network now has 2,708 wallets of 
this size, which is a new record. In the same chart, the analytics firm has 
also attached the data of the second relevant metric: Daily Active Addresses. 
This indicator measures the unique total number of wallets that are becoming 
involved in some kind of transaction activity on the network every day, 
whether as a sender or receiver. Since the smaller entities like retail 
massively outweigh the large investors in terms of number, this metric 
essentially represents the amount of activity that the entities on the smaller 
end of the network are participating in. From the graph, it&#8217;s visible that the 
XRP Daily Active Addresses have recently observed a large spike. Over the past 
week, the metric has averaged a value of 295,000 addresses daily, which is a 
drastic jump over the 35,000 to 40,000 figure witnessed during the last three 
months. Related Reading: Dogecoin Must Hold This Level—Or Risk A 30% Price 
Crash &#8220;The XRP ledger is showing serious signs of growth, from both a usage 
and key stakeholder perspective,&#8221; notes Santiment. It now remains to be seen 
what effect, if any, these changes in network metrics would have on the 
cryptocurrency&#8217;s price. XRP Price XRP shot up beyond the $2.33 mark yesterday, 
but it seems bullish momentum has already faded as the coin has dropped back 
to $2.20. Featured image from Dall-E, Santiment.net, chart from 
TradingView.com

XRP Bullish Signal: Shark & Whale Wallets Set New All-Time High

Coinbase is targeting SEC approval to launch tokenized stock trading in the 
U.S., aiming to transform blockchain into a mainstream vehicle for equities 
and financial growth. SEC Approval Could Catapult Coinbase Into Tokenized 
Asset Powerhouse Cryptocurrency exchange Coinbase (Nasdaq: COIN) is pursuing 
regulatory clearance to introduce tokenized stock trading in the United 
States, Reuters reported […]

Coinbase Eyes SEC Approval to Launch Tokenized Stock Trading in US Market

Three JPMorgan executives met with the SEC’s Crypto Task Force to discuss 
which capital markets instruments could move onchain and how to best navigate 
the change.

JPMorgan, SEC meet to discuss capital markets moving onchain

Ethereum has faced intense volatility in recent days as escalating tensions 
between Israel and Iran continue to rattle global markets. Despite the 
uncertainty, ETH remains resilient above the $2,500 level, signaling ongoing 
strength among bulls. However, Ethereum now trades just below a critical 
resistance level at $2,675 — a zone that has acted as a barrier several times 
over the past few weeks. A breakout above this mark could trigger renewed 
upside momentum and set the stage for a rally toward $3,000. Related Reading: 
Ethereum Consolidation Continues – Altseason May Follow A Clean Break Above 
Resistance Market participants remain divided on Ethereum’s short-term 
direction, but the technical landscape offers a potentially bullish clue. 
According to top analyst Ted Pillows, Ethereum is on the verge of completing a 
golden cross — a chart pattern where the 50-day moving average crosses above 
the 200-day moving average. Historically, this signal has preceded strong 
upward trends in ETH, with the last golden cross resulting in a 35% surge over 
the following weeks. As Ethereum hovers in a tight range, traders are closely 
watching this setup. If bulls manage to reclaim $2,675 and the golden cross 
confirms, Ethereum could enter a powerful breakout phase, potentially sparking 
broader optimism across the altcoin market. Ethereum Prepares For A Breakout 
As Bulls Hold Support Ethereum is facing a decisive moment as it continues to 
trade within a range that has persisted for more than six weeks. The current 
price structure reflects growing indecision among market participants, largely 
driven by geopolitical uncertainty stemming from the escalating conflict 
between Israel and Iran. This macro backdrop has injected volatility across 
financial markets, and Ethereum has not been immune. While price action 
remains contained, ETH bulls are showing resilience by defending the $2,500 
level — a crucial zone that has repeatedly served as support during the past 
month. However, to regain momentum, Ethereum must break above the 
$2,750–$2,800 resistance area, which has proven to be a major barrier since 
early May. This range remains the threshold separating consolidation from a 
full bullish breakout. A reclaim of this level would likely trigger a wave of 
buying, as it would mark the end of the current sideways phase and possibly 
initiate a fresh trend toward the $3,000 mark. Adding to the bullish thesis, 
Ted Pillows highlights that a golden cross is approaching on Ethereum’s moving 
averages. This occurs when the 50-day moving average crosses above the 200-day 
moving average — a technical signal often associated with trend reversals and 
sustained upward moves. The last time this setup formed, Ethereum surged over 
35% in just a few weeks. With ETH hovering just beneath key resistance and 
macro conditions remaining uncertain, the coming days may determine whether 
the golden cross will serve as a launchpad for a major rally. If bulls hold 
$2,500 and reclaim $2,800, Ethereum could be preparing for a significant 
breakout, potentially igniting momentum across the altcoin sector. Related 
Reading: Ethereum Consolidation Continues – Altseason May Follow A Clean Break 
Above Resistance Ethereum Holds Support But Struggles With Resistance Ethereum 
(ETH) is showing resilience as it continues to trade above the $2,500 mark, 
but price action on the 4-hour chart reveals persistent difficulty in breaking 
through the $2,675–$2,700 resistance zone. This area, highlighted on the 
chart, has acted as a rejection zone multiple times since early June, capping 
bullish attempts to break out of the current range. Price recently tapped this 
resistance area again but failed to sustain momentum, resulting in a pullback 
toward the 200 EMA and 200 SMA, currently acting as near-term support around 
$2,575. ETH now hovers slightly above that level, and bulls must defend this 
zone to avoid slipping into lower support near $2,500. The pattern shows 
continued consolidation between a clearly defined support and resistance band, 
with the 50 and 100 moving averages flattening — a sign of market indecision. 
Volume has also declined slightly, reinforcing the idea that the market is 
waiting for a catalyst. Related Reading: Ethereum Weekly Candle Hints At Pre- 
Tower Top Formation – Details If ETH can reclaim $2,675 with conviction and 
follow through above $2,700, a rally toward the $2,850–$3,000 zone could 
develop. Until then, this tight range may continue. Holding the current 
support is crucial to avoid testing lower levels near $2,400, which could 
shift sentiment bearish. Featured image from Dall-E, chart from TradingView

Ethereum Golden Cross Approaching – Will History Repeat?

The SEC’s review of the Franklin XRP ETF comes amid rising institutional 
confidence in XRP, underscoring its evolving market maturity and accelerating 
push for crypto-backed ETFs. SEC Reviewing Franklin XRP ETF Proposal as 
Confidence Grows in XRP Market Structure The U.S. Securities and Exchange 
Commission (SEC) announced on June 17 that it has initiated proceedings […]