The NFT market has experienced a sharp drop, with sales volume falling by 18.43% to $116.9 million. According to data from CryptoSlam, this marks a reversal from the previous week&#8217;s strong performance. Bitcoin (BTC) price has dropped to $103,000. At…

NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

Crypto education and media platform Coin Bureau has shared some puzzling 
developments on the XRP market that may hint at a prolonged bearish future. 
Notably, the altcoin has been a major headliner amidst a general crypto market 
correction in the past one month. During this period, XRP prices have dipped 
by over 10% with current market prices around $2.13. While crypto enthusiasts 
remain hopeful of market resurgence, Coin Bureau’s recent revelations shows 
that on-chain data suggests otherwise. Related Reading: Consolidation Takes 
Its Toll: Bitcoin Investors No Longer Greedy XRP $3 Target Impossible Amid 
Declining Network Activity &#8211; Analyst According to an X post by Coin Bureau on 
June 20, XRP is facing an uphill task in regaining its bullish form due to 
network engagement crises. Notably, data from Glassnode shows that new wallets 
on the XRP Ledger have crashed from above 30,000 new addresses daily in 
January to presently below 5,000 new addresses daily. Interestingly, the chart 
by Glassnode presents a strong correlation between price action and network 
growth. The surge in wallet creation during late Q4 2024 was accompanied by a 
parabolic move in price that brought XRP to trade as high as $2.71. However, 
as the rate of new users entering the network began to decline, XRP’s price 
action also entered a consolidation and gradual downward trend. Amidst other 
developments, Coin Bureau also highlights XRP&#8217;s daily active addresses has 
experienced a staggering drop from 557,000 to 34,000 to further suggest a lack 
of retail investor interest in the XRP ecosystem. According to the market 
analyst, the glaring fall in network engagement indicates XRP may lack 
sufficient market demand to support a bullish climb towards the $3 price 
region which is a crucial resistance zone. However, other analysts have 
presented an alternative theory. In particular, a market expert with X 
pseudonym MoonLambo explains the previous highs in network activity seen in Q4 
2024 and January coincided with a period of widespread market greed following 
the US general elections. The analyst claims the decline is normal alongside 
social trends rather and is overemphasized by Coin Bureau. Related Reading: 
Dogecoin Breaks Free—Could Soar 60%, Analyst Says XRP Price Outlook At the 
time of writing, XRP continues to trade at $2.13 reflecting a 1.33% decline in 
the past day. Meanwhile, the asset’s daily trading volume is up by 22.29% and 
valued at $2.25 billion. According to data from prediction site CoinCodex, XRP 
Investors still remain largely bearish but the Fear &amp; Greed Index stands 
neutral at 54. CoinCodex analysts are predicting XRP to remain in 
consolidation for the short term with predictions of $2.12 in one month. 
However, they forecast a steady long-term bullish revival with projections of 
$2.45 in three months and $3.03 in six months. Featured image from Pexels, 
chart from Tradingview

XRP Daily New Addresses Plunge 80% In 2025 — Bearish On-Chain Metrics Raise Alarm

Based on historical data, the ten most heavily stocked bitcoin wallets 
collectively held over 1.12 million coins in 2023, accounting for 
approximately 5.66% of the current circulating supply. Jump ahead to the 
present, and these top ten addresses now control 5.55% of the supply, with a 
few notable shifts among the highest-ranking holders. What follows […]

Cold Wallet Kings: The Quiet Powerhouses Behind Bitcoin’s Biggest Stashes

Texas&#8217; Bitcoin reserve law could bolster financial resilience and set a 
precedent for other states to integrate crypto into fiscal strategies.
The post Texas governor signs Bitcoin reserve bill into law appeared first on 
Crypto Briefing.

Texas governor signs Bitcoin reserve bill into law

Stablecoin backing is under fresh fire after outspoken economist and gold 
supporter Peter Schiff took aim at tokens tied to US dollar reserves. He 
argues that relying on a fiat currency he views as shaky makes little sense 
when a more stable asset exists. Related Reading: Bitcoin Nears Climax, But A 
Twist Awaits—Analyst Reveals Key Insight His comments have reignited a 
long‑running debate about what should sit behind digital coins that promise a 
steady peg. Schiff Questions Fiat Backing According to Schiff, it makes no 
sense to support a token pegged to a currency that can be inflated away. “I 
get Bitcoin, but not US dollar stablecoins,” he wrote in a social media post. 
He pointed out that fiat money can be printed in large amounts, while gold has 
a fixed supply and centuries of use as money. Schiff said gold cannot be 
easily devalued by inflation or reckless monetary policies. I get Bitcoin, but 
not U.S. dollar stablecoins. If you&#8217;re going to introduce a third party 
custodian, why settle for a token backed by a flawed fiat currency like the 
dollar, when you can own one backed by gold? You get the same liquidity, but 
you also get a real store of value. — Peter Schiff (@PeterSchiff) June 19, 
2025 Gold‑Backed Tokens On The Rise Based on reports, gold‑backed stablecoins 
are seeing more interest from investors worried about inflation and dollar 
weakness. Tokens like Tether Gold (XAUT) and Paxos Gold (PAXG) let users move 
digital claims on physical gold. These assets give the same quick transfers 
and high liquidity as dollar‑pegged coins but tie each token to real metal 
stored in vaults. Regulatory Scrutiny Intensifies Regulators across the globe 
are racing to establish precise regulations for stablecoin reserves. Congress 
members in the US are considering tighter reserve and audit requirements. 
Europe and Asia are creating their own regulations to achieve transparency and 
safeguard users. Schiff&#8217;s call for gold introduces additional context to these 
discussions. It could lead regulators to explore whether commodities can serve 
as backing for tokens under particular regimes. Market Reaction Mixed 
According to reports, Schiff&#8217;s tweet trended, garnering over 500,000 views 
within 24 hours. Crypto naysayers applauded his observation on fiat risk. 
Other investors cautioned that gold-backed tokens have higher fees and 
cumbersome custody expenses. They explained that transferring metal or 
establishing physical reserves introduces friction when compared with 
exchanging dollar-backed coins at a bank custodian. Related Reading: Dogecoin 
Breaks Free—Could Soar 60%, Analyst Says Investors also pointed out that 
stablecoins are widely used in lending, trading and payments within DeFi 
platforms. Dollar‑pegged tokens like USDC and USDT dominate these flows 
because they tie directly into existing banking rails. Gold‑backed coins, by 
contrast, tend to be held as digital bullion rather than spent on everyday 
transactions. Featured image Imagen, chart from TradingView

Stablecoin Wars Ignite: Peter Schiff Champions Gold-Backed Digital Assets

The crypto economy has dipped 1.08% in the past 24 hours, pulling back to 
$3.16 trillion as bearish vibes rippled through the space and bitcoin touched 
an intraday low of $102,220. At the same time, tensions between Israel and 
Iran remain escalated with additional strikes exchanged, marking the second 
week of ongoing conflict in the […]